CHANGCHAICOMPANY,LIMITED
FIRSTQUARTERREPORT2019
30April2019
PartIImportantNotes
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofChangchaiCompany,Limited(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.
AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.
ShiXinkun,theCompany’slegalrepresentative,ZhangXin,theCompany’sGeneralManager,andJiangHe,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.
ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.□Yes√No
| Q12019 | Q12018 | Change(%) | |
| Operatingrevenue(RMB) | 557,670,611.48 | 593,008,785.46 | -5.96% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 2,518,025.10 | 11,343,577.44 | -77.80% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | 1,083,678.62 | 11,141,982.06 | -90.27% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -63,832,631.41 | -73,259,277.76 | —— |
| Basicearningspershare(RMB/share) | 0.0045 | 0.0202 | -77.72% |
| Dilutedearningspershare(RMB/share) | 0.0045 | 0.0202 | -77.72% |
| Weightedaveragereturnonequity(%) | 0.13% | 0.51% | -0.38% |
| 31March2019 | 31December2018 | Change(%) | |
| Totalassets(RMB) | 3,647,312,419.27 | 3,542,019,195.75 | 2.97% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 2,127,447,301.84 | 2,043,308,026.74 | 4.12% |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q12019 | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 984,535.95 | |
| Governmentsubsidieschargedtocurrentprofitandloss(exclusiveofgovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards) | 129,300.00 | |
| Gainorlossonfair-valuechangesintradingfinancialassetsandliabilitiesandderivativefinancialassetsandliabilities&investmentincomefromdisposaloftradingfinancialassetsandliabilitiesandderivativefinancialassetsandliabilities,andothercreditors’investment(exclusiveofeffectiveportionofhedgesthatariseinthe | 115,280.60 |
| Company’sordinarycourseofbusiness) | ||
| Non-operatingincomeandexpenseotherthantheabove | 432,639.69 | |
| Less:Incometaxeffects | 223,748.22 | |
| Non-controllinginterestseffects(netoftax) | 3,661.54 | |
| Total | 1,434,346.48 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat31March2019
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholdersattheperiod-end | 57,411 | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | ||||||
| Top10shareholders | |||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | ||||
| Status | Shares | ||||||||
| ChangzhouInvestmentGroupCo.,Ltd | State-ownedlegalperson | 30.43% | 170,845,236 | 0 | |||||
| KGIAsiaLimited | Foreignlegalperson | 0.57% | 3,189,845 | 0 | |||||
| HuangGuoliang | Domesticnaturalperson | 0.27% | 1,528,891 | 0 | |||||
| HuWenyong | Domesticnaturalperson | 0.27% | 1,503,566 | 0 | |||||
| LiSuinan | Domesticnaturalperson | 0.27% | 1,492,200 | 0 | |||||
| TaoXiaofang | Domesticnaturalperson | 0.22% | 1,240,000 | 0 | |||||
| VanguardInvestmentAustraliaCo.,Ltd—VanguardEmerging | Foreignlegalperson | 0.21% | 1,196,785 | 0 | |||||
| MarketStockIndex(Exchange) | |||||||
| XueHong | Domesticnaturalperson | 0.21% | 1,180,000 | 0 | |||
| XieDeqing | Domesticnaturalperson | 0.20% | 1,115,000 | 0 | |||
| CentralHuijinAssetManagementCo.,Ltd. | State-ownedlegalperson | 0.20% | 1,107,900 | 0 | |||
| Top10unrestrictedshareholders | |||||||
| Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | |||||
| Type | Shares | ||||||
| ChangzhouInvestmentGroupCo.,Ltd | 170,845,236 | RMB-denominatedordinarystock | 170,845,236 | ||||
| KGIAsiaLimited | 3,189,845 | Domesticallylistedforeignstock | 3,189,845 | ||||
| HuangGuoliang | 1,528,891 | Domesticallylistedforeignstock | 1,528,891 | ||||
| HuWenyong | 1,503,566 | Domesticallylistedforeignstock | 1,503,566 | ||||
| LiSuinan | 1,492,200 | Domesticallylistedforeignstock | 1,492,200 | ||||
| TaoXiaofang | 1,240,000 | RMB-denominatedordinarystock | 1,240,000 | ||||
| VanguardInvestmentAustraliaCo.,Ltd—VanguardEmergingMarketStockIndex(Exchange) | 1,196,785 | RMB-denominatedordinarystock | 1,196,785 | ||||
| XueHong | 1,180,000 | Domesticallylistedforeignstock | 1,180,000 | ||||
| XieDeqing | 1,115,000 | Domesticallylistedforeignstock | 1,115,000 | ||||
| CentralHuijinAssetManagementCo.,Ltd. | 1,107,900 | RMB-denominatedordinarystock | 1,107,900 | ||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Itisunknownwhetherthereisamongthetop10publicshareholdersandthetop10unrestrictedpublicshareholdersanyrelatedpartiesoracting-in-concertpartiesasdefinedintheAdministrativeMeasuresforInformationRegardingShareholdingAlteration. | ||||||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A | ||||||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.□Yea√NoNosuchcasesintheReportingPeriod.2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable1.AccountsreceivableincreasedbyRMB263,286,355.77,or69.49%,asof31March2019comparedto31December2018,primarilybecausetheCompanyproperlyallowedcustomers’buyingoncreditformoremarketsinQ12019andmulti-cylinderdieselenginecustomersaremainlysupportingcompaniesofmainengine,whichareusuallygivenlongerpaymentdays.2.OthercurrentassetsdecreasedbyRMB16,089,662.06,or46.83%,asof31March2019comparedto31December2018,mainlybecauseexcessVATpaidoftheCompanydecreased,andpartofbankfinancialproductsofsubsidiariesexpiredintheReportingPeriod.3.AdvancesfromcustomersincreasedbyRMB11,615,302.19,or33.67%,asof31March2019comparedto31December2018,mainlydrivenbytheincreaseofadvancesfromcustomers.4.PayrollpayabledecreasedbyRMB20,613,167.11,or40.82%,asof31March2019comparedto31December2018,mainlybecauseaccruedsalaryandbonusinlastperiodwaspartiallypaidinthisperiod.5.DeferredincometaxliabilitiesincreasedbyRMB14,559,591.18,or30.35%,asof31March2019comparedto31December2018,mainlybecausethefairvalueoffinancialassetsheldbytheCompanyroseintheReportingPeriodwiththecorrespondingincreaseofdeferredincometaxliabilities.6.TaxespayabledecreasedbyRMB2,697,983.77,or38.18%,asof31March2019comparedto31December2018,mainlydrivenbythedecreaseoftaxespayableoftheCompanyintheReportingPeriod.7.OthercomprehensiveincomeincreasedbyRMB81,621,250.00,or30.87%,asof31March2019comparedto31December2018,mainlybecausethefairvalueoffinancialassetsheldbytheCompanyrosewiththecorrespondingincreaseofothercomprehensiveincome.8.FinancecostswentdownbyRMB1,202,648.06,or33.97%,duringQ12019comparedtoQ12018,primarilydrivenbythechangesinnetforeignexchangegainsandlossesresultedfromexchangeratefluctuationsinQ12019.9.AssetsimpairmentlossrosebyRMB6,247,186.29duringQ12019comparedtoQ12018,primarilyduetotheincreaseofaccountsreceivableandtheprovisionmadeforbaddebtinQ12019.10.NetprofitattributabletoownersoftheCompanyastheparentwentdownbyRMB8,825,552.34,or77.80%,duringQ12019comparedtoQ12018,primarilybecauseproductionandsalesvolume,andsalesrevenuedecreasedduringQ12019comparedtoQ12018resultedfromthefiercemarketcompetitionintheReportingPeriod,whichresultedtoanobviouslossofincomefromcorebusiness.11.NetcashgeneratedfrominvestingactivitieswentdownbyRMB7,366,971.55,or37.02%,duringQ12019comparedtoQ12018,primarilybecausethepaymentforbuildingfixedassets,intangibleassets,andotherlong-termassetsdecreasedinQ12019.
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
□Applicable√Notapplicable
Progressofanysharerepurchase:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IVOperatingPerformanceForecastforH12019
Warningofaforecastlossonoraforecastsignificantyear-on-yearchangeinthenetprofitofH12019,aswellasexplanationofwhy:
□Applicable√Notapplicable
VSecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
| Varietyofsecurities | Codeofsecurities | Nameofsecurities | Initialinvestmentcost | Accountingmeasurementmodel | Beginningcarryingvalue | Gain/lossonfairvaluechangesintheReportingPeriod | Cumulativefairvaluechangesrecordedintoequity | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Gain/lossintheReportingPeriod | Endingcarryingvalue | Accountingitem | Capitalresources |
| Stock | 600166 | FOTON | 41,784,000.00 | Fairvaluemeasurement | 262,990,000.00 | 75,140,000.00 | 251,894,100.00 | 0.00 | 0.00 | 0.00 | 338,130,000.00 | Investmentsinotherequityinstruments | Self-ownedfunds |
| Stoc | 6009 | Bank | 18,0 | Fair | 107, | 20,8 | 93,7 | 0.00 | 0.00 | 0.00 | 128, | Inves | Self- |
| k | 19 | ofJiangsu | 00,000.00 | valuemeasurement | 460,000.00 | 80,000.00 | 89,000.00 | 340,000.00 | tmentsinotherequityinstruments | ownedfunds | |||
| Stock | 600377 | JiangsuExpressway | 90,500.00 | Fairvaluemeasurement | 490,000.00 | 5,000.00 | 343,825.00 | 0.00 | 0.00 | 0.00 | 495,000.00 | Investmentsinotherequityinstruments | Self-ownedfunds |
| OthersecuritiesinvestmentsheldasatthePeriod-end | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | ||
| Total | 59,874,500.00 | -- | 370,940,000.00 | 96,025,000.00 | 346,026,925.00 | 0.00 | 0.00 | 0.00 | 466,965,000.00 | -- | -- | ||
| DisclosuredateofannouncementonBoard’sconsentforsecuritiesinvestment | |||||||||||||
| Disclosuredateofannouncementonshareholders’meeting’sconsentforsecuritiesinvestment(ifany) | |||||||||||||
VIInvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
| Date | Wayofcommunication | Typeofcommunicationparty | Indextomaininformationcommunicated |
| 28March2019 | Other | Individual | EquityincentiveoftheCompany |
| 28March2019 | Other | Individual | EquityinvestmentoftheCompany |
| 28March2019 | Other | Individual | OperationsoftheCompany |
| 27March2019 | Other | Individual | ProgressandshareholdingofprojectsinvestedbytheCompany |
| 21March2019 | Other | Individual | OperationsoftheCompany’sjointstockcompaniesviainvestments |
| 21March2019 | Other | Individual | BrandvalueandmarketvalueoftheCompany |
| 19March2019 | Other | Individual | WhetherUnionTest,theCompany’ssubsidiaryparticipatedin,plannedtobelisted |
| 18March2019 | Other | Individual | WhethertheCompanyparticipatesinXinguangPhotoelectricthroughinvestment |
| 18March2019 | Other | Individual | TheCompanyparticipatesinXinguangPhotoelectricthroughinvestment |
| 14March2019 | Other | Individual | ThattheCompanyparticipatesinXinguangPhotoelectricthroughinvestmentisnottrue |
| 10March2019 | Other | Individual | KeytasksoftheCompanyregardingreformanddevelopmentinthisyear |
| 10March2019 | Other | Individual | Inquiredthereformofstate-ownedenterprisestowardmixedsystem |
| 8March2019 | Other | Individual | Inquiredthereformofstate-ownedenterprisestowardmixedsystem |
| 5March2019 | Other | Individual | TransformationandupgradingoftheCompany |
| 25February2019 | Other | Individual | TheCompanypurchasedthelanduserightofChangzhouHigh-TechZone |
| 25February2019 | Other | Individual | WeaknessesoftheCompanycomparedwithothercompanies |
| 25February2019 | Other | Individual | ProgressofLithiumBatteryDiaphragmProjectinvestedbytheindustrialfundtheCompanyparticipatesintheestablishment |
| 2February2019 | Other | Individual | DisclosureoftheCompany’soperatingperformanceforecast |
| 1February2019 | Other | Individual | TheCompany’snewyear’swishestoinvestors |
| 31January2019 | Other | Individual | Investors’visionfortheCompany |
| 25January2019 | Other | Individual | SupporttotheCompanyprovidedbytheCompany’scontrollingshareholders |
| 25January2019 | Other | Individual | TheCompany’slayoutofhydrogen-basedfuel-cellenginebusiness |
| 25January2019 | Other | Individual | SalesofsharesofBankofJiangsuheldbytheCompany |
| 24January2019 | Other | Individual | ProductsoftheCompany |
| 24January2019 | Other | Individual | EffortsoftheCompanyinresponsetopolicies |
| 24January2019 | Other | Individual | ConditionoftheindustrytheCompanybelongsto |
| 23January2019 | Other | Individual | ProgressofLithiumBatteryDiaphragmProjectinvestedbytheindustrialfundtheCompanyparticipatesintheestablishment |
| 23January2019 | Other | Individual | TheCompany’sinvestmentinnewenergyindustry |
| 13January2019 | Other | Individual | GovernmentsubsidiestheCompanyreceived |
| 11January2019 | Other | Individual | DisclosureconditionoftheCompany’soperatingperformanceforecast |
VIIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IXOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyChangchaiCompany,Limited
31March2019
Unit:RMB
| Item | 31March2019 | 31December2018 |
| Currentassets: | ||
| Monetarycapital | 659,396,261.80 | 800,960,036.69 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Tradingfinancialassets | ||
| Financialassetsatfairvaluethroughprofitorloss | ||
| Derivativefinancialassets | ||
| Notesandaccountsreceivable | 1,107,119,659.73 | 874,229,941.58 |
| Including:Notesreceivable | 437,037,772.68 | 495,370,782.47 |
| Accountsreceivable | 642,145,514.88 | 378,859,159.11 |
| Prepayments | 13,232,719.77 | 11,352,297.10 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 11,863,925.52 | 9,244,584.42 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 511,685,689.73 | 557,953,891.70 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 18,267,946.91 | 34,357,608.97 |
| Totalcurrentassets | 2,321,566,203.46 | 2,288,098,360.46 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Available-for-salefinancialassets | 498,851,369.49 | |
| Investmentsinotherdebtobligations | ||
| Held-to-maturityinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | ||
| Investmentsinotherequityinstruments | 594,876,369.49 | |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 50,103,922.43 | 50,656,007.63 |
| Fixedassets | 495,840,203.67 | 511,250,371.37 |
| Constructioninprogress | 81,775,335.52 | 89,090,384.71 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 102,170,561.99 | 103,092,879.38 |
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | ||
| Deferredincometaxassets | 979,822.71 | 979,822.71 |
| Othernon-currentassets | ||
| Totalnon-currentassets | 1,325,746,215.81 | 1,253,920,835.29 |
| Totalassets | 3,647,312,419.27 | 3,542,019,195.75 |
| Currentliabilities: | ||
| Short-termborrowings | 27,000,000.00 | 27,000,000.00 |
| Borrowingsfromcentralbank | ||
| Interbankloansobtained | ||
| Tradingfinancialliabilities | ||
| Financialliabilitiesatfairvaluethroughprofitorloss | ||
| Derivativefinancialliabilities | ||
| Notesandaccountspayable | 1,032,213,274.91 | 1,030,130,275.77 |
| Advancesfromcustomers | 46,115,535.16 | 34,500,232.97 |
| Financialassetssoldunderrepurchaseagreements |
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Payrollpayable | 29,887,425.88 | 50,500,592.99 |
| Taxespayable | 4,368,102.12 | 7,066,085.89 |
| Otherpayables | 214,757,711.70 | 199,412,250.90 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 3,891,433.83 | 3,891,433.83 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Contractualliabilities | ||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 18,500,000.00 | 18,500,000.00 |
| Othercurrentliabilities | 2,895,716.82 | 2,082,985.18 |
| Totalcurrentliabilities | 1,375,737,766.59 | 1,369,192,423.70 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 2,000,000.00 | 2,000,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Provisions | ||
| Deferredincome | 59,928,484.84 | 59,928,484.84 |
| Deferredincometaxliabilities | 62,531,371.54 | 47,971,780.36 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 124,459,856.38 | 109,900,265.20 |
| Totalliabilities | 1,500,197,622.97 | 1,479,092,688.90 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferredshares |
| Perpetualbonds | ||
| Capitalreserves | 164,328,665.43 | 164,328,665.43 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 346,026,925.00 | 264,405,675.00 |
| Specificreserve | 15,182,958.83 | 15,182,958.83 |
| Surplusreserves | 320,133,050.15 | 320,133,050.15 |
| Generalreserve | ||
| Retainedearnings | 720,401,376.43 | 717,883,351.33 |
| TotalequityattributabletoownersoftheCompanyastheparent | 2,127,447,301.84 | 2,043,308,026.74 |
| Non-controllinginterests | 19,667,494.46 | 19,618,480.11 |
| Totalowners’equity | 2,147,114,796.30 | 2,062,926,506.85 |
| Totalliabilitiesandowners’equity | 3,647,312,419.27 | 3,542,019,195.75 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31March2019 | 31December2018 |
| Currentassets: | ||
| Monetarycapital | 614,298,184.21 | 759,404,219.72 |
| Tradingfinancialassets | ||
| Financialassetsatfairvaluethroughprofitorloss | ||
| Derivativefinancialassets | ||
| Notesandaccountsreceivable | 1,021,321,136.46 | 790,877,079.72 |
| Including:Notesreceivable | 428,324,252.68 | 490,519,795.91 |
| Accountsreceivable | 592,996,883.78 | 300,357,283.81 |
| Prepayments | 5,315,580.26 | 4,768,038.11 |
| Otherreceivables | 25,179,716.80 | 21,681,331.85 |
| Including:Interestreceivable | 0.00 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| Inventories | 383,455,086.73 | 437,423,195.46 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 4,565,051.78 | 23,099,858.67 |
| Totalcurrentassets | 2,054,134,756.24 | 2,037,253,723.53 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Available-for-salefinancialassets | 470,940,000.00 | |
| Investmentsinotherdebtobligations | ||
| Held-to-maturityinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 251,752,730.03 | 241,752,730.03 |
| Investmentsinotherequityinstruments | 566,965,000.00 | |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 50,103,922.43 | 50,656,007.63 |
| Fixedassets | 397,386,621.16 | 413,186,680.19 |
| Constructioninprogress | 79,692,166.72 | 87,007,215.91 |
| Productivelivingassets |
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 71,483,632.39 | 72,184,608.63 |
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | ||
| Deferredincometaxassets | 930,641.19 | 930,641.19 |
| Othernon-currentassets | ||
| Totalnon-currentassets | 1,418,314,713.92 | 1,336,657,883.58 |
| Totalassets | 3,472,449,470.16 | 3,373,911,607.11 |
| Currentliabilities: | ||
| Short-termborrowings | 10,000,000.00 | 10,000,000.00 |
| Tradingfinancialliabilities | ||
| Financialliabilitiesatfairvaluethroughprofitorloss | ||
| Derivativefinancialliabilities | ||
| Notesandaccountspayable | 985,392,630.66 | 987,550,797.44 |
| Advancesfromcustomers | 43,003,437.16 | 32,072,387.55 |
| Contractualliabilities | ||
| Payrollpayable | 24,202,486.14 | 43,597,759.22 |
| Taxespayable | 1,162,793.09 | 2,443,767.89 |
| Otherpayables | 197,158,844.89 | 185,022,961.56 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 3,243,179.97 | 3,243,179.97 |
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 18,500,000.00 | 18,500,000.00 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 1,279,420,191.94 | 1,279,187,673.66 |
| Non-currentliabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables |
| Long-termpayrollpayable | ||
| Provisions | ||
| Deferredincome | 59,928,484.84 | 59,928,484.84 |
| Deferredincometaxliabilities | 61,063,575.00 | 46,659,825.00 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 120,992,059.84 | 106,588,309.84 |
| Totalliabilities | 1,400,412,251.78 | 1,385,775,983.50 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 183,071,147.70 | 183,071,147.70 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 346,026,925.00 | 264,405,675.00 |
| Specificreserve | 15,182,958.83 | 15,182,958.83 |
| Surplusreserves | 320,133,050.15 | 320,133,050.15 |
| Retainedearnings | 646,248,810.70 | 643,968,465.93 |
| Totalowners’equity | 2,072,037,218.38 | 1,988,135,623.61 |
| Totalliabilitiesandowners’equity | 3,472,449,470.16 | 3,373,911,607.11 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | Q12019 | Q12018 |
| 1.Revenue | 557,670,611.48 | 593,008,785.46 |
| Including:Operatingrevenue | 557,670,611.48 | 593,008,785.46 |
| Interestincome | ||
| Premiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 555,707,887.60 | 579,389,265.96 |
| Including:Costofsales | 490,367,392.94 | 514,583,143.24 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 2,586,596.10 | 2,841,402.82 |
| Sellingexpense | 25,812,066.86 | 27,010,594.06 |
| Administrativeexpense | 14,279,960.47 | 15,887,370.14 |
| R&Dexpense | 14,077,360.88 | 15,526,783.58 |
| Financecosts | 2,337,324.06 | 3,539,972.12 |
| Including:Interestexpense | 813,946.55 | 645,225.08 |
| Interestincome | 1,405,261.21 | 986,542.32 |
| Assetimpairmentloss | 6,247,186.29 | |
| Creditimpairmentloss | ||
| Add:Otherincome | 129,300.00 | |
| Returnoninvestment(“-”forloss) | 115,280.60 | 64,096.56 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Foreignexchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 984,535.95 | |
| 3.Operatingprofit(“-”forloss) | 3,191,840.43 | 13,683,616.06 |
| Add:Non-operatingincome | 452,748.32 | 1,674,474.55 |
| Less:Non-operatingexpense | 20,108.63 | 1,524,616.21 |
| 4.Profitbeforetax(“-”forloss) | 3,624,480.12 | 13,833,474.40 |
| Less:Incometaxexpense | 1,057,440.67 | 2,294,565.22 |
| 5.Netprofit(“-”fornetloss) | 2,567,039.45 | 11,538,909.18 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 2,567,039.45 | 11,538,909.18 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 2,518,025.10 | 11,343,577.44 |
| 5.2.2Netprofitattributabletonon-controllinginterests | 49,014.35 | 195,331.74 |
| 6.Othercomprehensiveincome,netoftax | 81,621,250.00 | -36,596,325.00 |
| AttributabletoownersoftheCompanyastheparent | 81,621,250.00 | -36,596,325.00 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | 81,621,250.00 | |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 81,621,250.00 | |
| 6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -36,596,325.00 | |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | -36,596,325.00 | |
| 6.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
| 6.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 6.2.7Reserveforcashflowhedges | ||
| 6.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements |
| 6.2.9Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 84,188,289.45 | -25,057,415.82 |
| AttributabletoownersoftheCompanyastheparent | 84,139,275.10 | -25,252,747.56 |
| Attributabletonon-controllinginterests | 49,014.35 | 195,331.74 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0045 | 0.0202 |
| 8.2Dilutedearningspershare | 0.0045 | 0.0202 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12019 | Q12018 |
| 1.Operatingrevenue | 517,869,769.55 | 546,106,384.32 |
| Less:Costofsales | 460,358,879.40 | 478,947,398.52 |
| Taxesandsurcharges | 2,027,946.33 | 2,016,404.51 |
| Sellingexpense | 23,691,858.67 | 24,722,755.12 |
| Administrativeexpense | 9,526,479.22 | 10,787,074.70 |
| R&Dexpense | 13,521,905.65 | 15,526,783.58 |
| Financecosts | 1,105,188.53 | 1,660,143.55 |
| Including:Interestexpense | 558,794.31 | 375,425.98 |
| Interestincome | 1,325,616.24 | 650,882.58 |
| Assetimpairmentloss | 6,247,186.29 | |
| Creditimpairmentloss | ||
| Add:Otherincome | 129,300.00 | |
| Returnoninvestment(“-”forloss) | ||
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 984,535.95 | |
| 2.Operatingprofit(“-”forloss) | 2,504,161.41 | 12,445,824.34 |
| Add:Non-operatingincome | 187,691.12 | 1,339,652.51 |
| Less:Non-operatingexpense | 9,093.98 | 1,523,958.21 |
| 3.Profitbeforetax(“-”forloss) | 2,682,758.55 | 12,261,518.64 |
| Less:Incometaxexpense | 402,413.78 | 1,839,227.80 |
| 4.Netprofit(“-”fornetloss) | 2,280,344.77 | 10,422,290.84 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 2,280,344.77 | 10,422,290.84 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | 81,621,250.00 | -36,596,325.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | 81,621,250.00 | |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbe |
| reclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 81,621,250.00 | |
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | -36,596,325.00 | |
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | -36,596,325.00 | |
| 5.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
| 5.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.2.7Reserveforcashflowhedges | ||
| 5.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.9Other | ||
| 6.Totalcomprehensiveincome | 83,901,594.77 | -26,174,034.16 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.0041 | 0.0186 |
| 7.2Dilutedearningspershare | 0.0041 | 0.0186 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | Q12019 | Q12018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 385,993,156.10 | 439,612,228.47 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Netincreaseinproceedsfromdisposaloffinancialassetsatfairvaluethroughprofitorloss | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 13,338,440.09 | 17,753,037.91 |
| Cashgeneratedfromotheroperatingactivities | 5,026,831.34 | 3,702,330.49 |
| Subtotalofcashgeneratedfromoperatingactivities | 404,358,427.53 | 461,067,596.87 |
| Paymentsforcommoditiesandservices | 345,226,371.02 | 406,939,946.87 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseinfinancialassetsheldfortradingpurposes | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 87,234,321.19 | 92,450,068.47 |
| Taxespaid | 8,260,325.27 | 9,951,419.10 |
| Cashusedinotheroperatingactivities | 27,470,041.46 | 24,985,440.19 |
| Subtotalofcashusedinoperatingactivities | 468,191,058.94 | 534,326,874.63 |
| Netcashgeneratedfrom/usedinoperatingactivities | -63,832,631.41 | -73,259,277.76 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 4,000,000.00 | 2,000,000.00 |
| Returnoninvestment | 115,280.60 | 64,096.56 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 1,001,035.95 | 198,255.47 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 5,116,316.55 | 2,262,352.03 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 7,647,974.81 | 9,895,537.64 |
| Paymentsforinvestments | 10,000,000.00 | 4,265,444.20 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 8,000,000.00 | |
| Subtotalofcashusedininvestingactivities | 17,647,974.81 | 22,160,981.84 |
| Netcashgeneratedfrom/usedininvestingactivities | -12,531,658.26 | -19,898,629.81 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | ||
| Borrowingsobtained | 7,000,000.00 | 1,800,000.00 |
| Netproceedsfromtheissuanceofbonds | ||
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 7,000,000.00 | 1,800,000.00 |
| Repaymentsofborrowings | 7,000,000.00 | |
| Paymentsforinterestanddividends | 813,946.55 | 645,225.08 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 7,813,946.55 | 645,225.08 |
| Netcashgeneratedfrom/usedinfinancingactivities | -813,946.55 | 1,154,774.92 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
| 5.Netincreaseincashandcashequivalents | -77,178,236.22 | -92,003,132.65 |
| Add:Cashandcashequivalents,beginningoftheperiod | 687,079,639.59 | 325,263,654.43 |
| 6.Cashandcashequivalents,endoftheperiod | 609,901,403.37 | 233,260,521.78 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12019 | Q12018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 350,605,925.78 | 383,944,530.99 |
| Taxrebates | 10,449,706.25 | 14,412,296.14 |
| Cashgeneratedfromotheroperatingactivities | 2,573,315.54 | 2,985,456.36 |
| Subtotalofcashgeneratedfromoperatingactivities | 363,628,947.57 | 401,342,283.49 |
| Paymentsforcommoditiesandservices | 321,914,661.45 | 360,203,288.81 |
| Cashpaidtoandforemployees | 74,643,724.56 | 80,778,231.12 |
| Taxespaid | 4,780,770.52 | 6,738,039.59 |
| Cashusedinotheroperatingactivities | 20,159,658.65 | 20,149,380.94 |
| Subtotalofcashusedinoperatingactivities | 421,498,815.18 | 467,868,940.46 |
| Netcashgeneratedfrom/usedinoperatingactivities | -57,869,867.61 | -66,526,656.97 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 984,535.95 | 16,700.00 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 984,535.95 | 16,700.00 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 5,500,496.74 | 8,205,480.04 |
| Paymentsforinvestments | 10,000,000.00 | |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 15,500,496.74 | 8,205,480.04 |
| Netcashgeneratedfrom/usedininvestingactivities | -14,515,960.79 | -8,188,780.04 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsobtained | ||
| Netproceedsfromtheissuanceofbonds |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | ||
| Repaymentsofborrowings | ||
| Paymentsforinterestanddividends | 558,794.31 | 375,425.98 |
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 558,794.31 | 375,425.98 |
| Netcashgeneratedfrom/usedinfinancingactivities | -558,794.31 | -375,425.98 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
| 5.Netincreaseincashandcashequivalents | -72,944,622.71 | -75,090,862.99 |
| Add:Cashandcashequivalents,beginningoftheperiod | 651,854,206.79 | 272,064,464.71 |
| 6.Cashandcashequivalents,endoftheperiod | 578,909,584.08 | 196,973,601.72 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearofanyNewStandardsGoverningFinancialInstruments,RevenueorLeases√Applicable□NotapplicableConsolidatedbalancesheet
Unit:RMB
| Item | 31December2018 | 1January2019 | Adjustment |
| Currentassets: | |||
| Monetarycapital | 800,960,036.69 | 800,960,036.69 | |
| Settlementreserve | |||
| Interbankloansgranted | |||
| Tradingfinancialassets | N/A | ||
| Financialassetsatfairvaluethroughprofitorloss | N/A | ||
| Derivativefinancialassets | |||
| Notesandaccountsreceivable | 874,229,941.58 | 874,229,941.58 | |
| Including:Notesreceivable | 495,370,782.47 | 495,370,782.47 | |
| Accountsreceivable | 378,859,159.11 | 378,859,159.11 | |
| Prepayments | 11,352,297.10 | 11,352,297.10 | |
| Premiumsreceivable | |||
| Reinsurancereceivables |
| Receivablereinsurancecontractreserve | |||
| Otherreceivables | 9,244,584.42 | 9,244,584.42 | |
| Including:Interestreceivable | |||
| Dividendsreceivable | |||
| Financialassetspurchasedunderresaleagreements | |||
| Inventories | 557,953,891.70 | 557,953,891.70 | |
| Contractualassets | N/A | ||
| Assetsclassifiedasheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 34,357,608.97 | 34,357,608.97 | |
| Totalcurrentassets | 2,288,098,360.46 | 2,288,098,360.46 | |
| Non-currentassets: | |||
| Loansandadvancestocustomers | |||
| Investmentsindebtobligations | N/A | ||
| Available-for-salefinancialassets | 498,851,369.49 | N/A | -498,851,369.49 |
| Investmentsinotherdebtobligations | N/A | ||
| Held-to-maturityinvestments | N/A | ||
| Long-termreceivables | |||
| Long-termequityinvestments | |||
| Investmentsinotherequityinstruments | N/A | 498,851,369.49 | 498,851,369.49 |
| Othernon-currentfinancialassets | N/A | ||
| Investmentproperty | 50,656,007.63 | 50,656,007.63 | |
| Fixedassets | 511,250,371.37 | 511,250,371.37 | |
| Constructioninprogress | 89,090,384.71 | 89,090,384.71 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | N/A | ||
| Intangibleassets | 103,092,879.38 | 103,092,879.38 | |
| R&Dexpense | |||
| Goodwill | |||
| Long-termprepaidexpense | |||
| Deferredincometaxassets | 979,822.71 | 979,822.71 | |
| Othernon-currentassets | |||
| Totalnon-currentassets | 1,253,920,835.29 | 1,253,920,835.29 |
| Totalassets | 3,542,019,195.75 | 3,542,019,195.75 |
| Currentliabilities: | ||
| Short-termborrowings | 27,000,000.00 | 27,000,000.00 |
| Borrowingsfromcentralbank | ||
| Interbankloansobtained | ||
| Tradingfinancialliabilities | N/A | |
| Financialliabilitiesatfairvaluethroughprofitorloss | N/A | |
| Derivativefinancialliabilities | ||
| Notesandaccountspayable | 1,030,130,275.77 | 1,030,130,275.77 |
| Advancesfromcustomers | 34,500,232.97 | 34,500,232.97 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Payrollpayable | 50,500,592.99 | 50,500,592.99 |
| Taxespayable | 7,066,085.89 | 7,066,085.89 |
| Otherpayables | 199,412,250.90 | 199,412,250.90 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 3,891,433.83 | 3,891,433.83 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Contractualliabilities | N/A | |
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 18,500,000.00 | 18,500,000.00 |
| Othercurrentliabilities | 2,082,985.18 | 2,082,985.18 |
| Totalcurrentliabilities | 1,369,192,423.70 | 1,369,192,423.70 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 2,000,000.00 | 2,000,000.00 |
| Bondspayable | ||
| Including:Preferredshares |
| Perpetualbonds | ||
| Leaseliabilities | N/A | |
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Provisions | ||
| Deferredincome | 59,928,484.84 | 59,928,484.84 |
| Deferredincometaxliabilities | 47,971,780.36 | 47,971,780.36 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 109,900,265.20 | 109,900,265.20 |
| Totalliabilities | 1,479,092,688.90 | 1,479,092,688.90 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 164,328,665.43 | 164,328,665.43 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 264,405,675.00 | 264,405,675.00 |
| Specificreserve | 15,182,958.83 | 15,182,958.83 |
| Surplusreserves | 320,133,050.15 | 320,133,050.15 |
| Generalreserve | ||
| Retainedearnings | 717,883,351.33 | 717,883,351.33 |
| TotalequityattributabletoownersoftheCompanyastheparent | 2,043,308,026.74 | 2,043,308,026.74 |
| Non-controllinginterests | 19,618,480.11 | 19,618,480.11 |
| Totalowners’equity | 2,062,926,506.85 | 2,062,926,506.85 |
| Totalliabilitiesandowners’equity | 3,542,019,195.75 | 3,542,019,195.75 |
Notestoadjustment
TheMinistryofFinancerevisedtheAccountingStandardsforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments,AccountingStandardsforBusinessEnterprisesNo.23-TransferofFinancialAssets,AccountingStandardsforBusinessEnterprisesNo.24-HedgeAccountingandAccountingStandardsforBusinessEnterprisesNo.37-PresentationofFinancialInstrumentsin2017,andrequiredalldomesticallylistedcompaniestoimplementsince1January2019.Inaccordancewiththeprovisionsofthestandards,asforthefinancialinstrumentsnotderecognizedasoftheimplementationdate,retrospectiveadjustmentshallbemadewhentherecognitionandmeasurementbeforetherevisiondon’tconformtotherequirementsoftherevisedstandards.Itisunnecessarytomakeadjustmentwhendataofpreviouscomparativefinancialstatementsdon’tconformtotherequirementsoftherevisedstandards.
TheCompanystartstocarryoutthenewfinancialinstrumentstandardssince1January2019,andclassifiesthefinancialassetsoriginallyrecordedinavailable-for-salefinancialassetsintofinancialassetsatfairvaluethroughothercomprehensiveincomewhichwillbepresentedasinvestmentinotherequityinstrumentsinfinancialstatements.BalancesheetoftheCompanyastheparent
Unit:RMB
| Item | 31December2018 | 1January2019 | Adjustment |
| Currentassets: | |||
| Monetarycapital | 759,404,219.72 | 759,404,219.72 | |
| Tradingfinancialassets | N/A | ||
| Financialassetsatfairvaluethroughprofitorloss | N/A | ||
| Derivativefinancialassets | |||
| Notesandaccountsreceivable | 790,877,079.72 | 790,877,079.72 | |
| Including:Notesreceivable | 490,519,795.91 | 490,519,795.91 | |
| Accountsreceivable | 300,357,283.81 | 300,357,283.81 | |
| Prepayments | 4,768,038.11 | 4,768,038.11 | |
| Otherreceivables | 21,681,331.85 | 21,681,331.85 | |
| Including:Interestreceivable | 0.00 | 0.00 | |
| Dividendsreceivable | 0.00 | 0.00 | |
| Inventories | 437,423,195.46 | 437,423,195.46 | |
| Contractualassets | N/A | ||
| Assetsclassifiedasheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 23,099,858.67 | 23,099,858.67 | |
| Totalcurrentassets | 2,037,253,723.53 | 2,037,253,723.53 | |
| Non-currentassets: | |||
| Investmentsindebtobligations | N/A | ||
| Available-for-salefinancialassets | 470,940,000.00 | N/A | -470,940,000.00 |
| Investmentsinotherdebtobligations | N/A | ||
| Held-to-maturityinvestments | N/A | ||
| Long-termreceivables | |||
| Long-termequityinvestments | 241,752,730.03 | 241,752,730.03 | |
| Investmentsinotherequityinstruments | N/A | 470,940,000.00 | 470,940,000.00 |
| Othernon-currentfinancialassets | N/A | ||
| Investmentproperty | 50,656,007.63 | 50,656,007.63 | |
| Fixedassets | 413,186,680.19 | 413,186,680.19 | |
| Constructioninprogress | 87,007,215.91 | 87,007,215.91 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | N/A | ||
| Intangibleassets | 72,184,608.63 | 72,184,608.63 | |
| R&Dexpense | |||
| Goodwill | |||
| Long-termprepaidexpense | |||
| Deferredincometaxassets | 930,641.19 | 930,641.19 | |
| Othernon-currentassets | |||
| Totalnon-currentassets | 1,336,657,883.58 | 1,336,657,883.58 | |
| Totalassets | 3,373,911,607.11 | 3,373,911,607.11 | |
| Currentliabilities: | |||
| Short-termborrowings | 10,000,000.00 | 10,000,000.00 | |
| Tradingfinancialliabilities | N/A | ||
| Financialliabilitiesatfairvaluethroughprofitorloss | N/A | ||
| Derivativefinancialliabilities | |||
| Notesandaccountspayable | 987,550,797.44 | 987,550,797.44 | |
| Advancesfromcustomers | 32,072,387.55 | 32,072,387.55 | |
| Contractualliabilities | N/A | ||
| Payrollpayable | 43,597,759.22 | 43,597,759.22 | |
| Taxespayable | 2,443,767.89 | 2,443,767.89 | |
| Otherpayables | 185,022,961.56 | 185,022,961.56 |
| Including:Interestpayable | 0.00 | |
| Dividendspayable | 3,243,179.97 | 3,243,179.97 |
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 18,500,000.00 | 18,500,000.00 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 1,279,187,673.66 | 1,279,187,673.66 |
| Non-currentliabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | N/A | |
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Provisions | ||
| Deferredincome | 59,928,484.84 | 59,928,484.84 |
| Deferredincometaxliabilities | 46,659,825.00 | 46,659,825.00 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 106,588,309.84 | 106,588,309.84 |
| Totalliabilities | 1,385,775,983.50 | 1,385,775,983.50 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 183,071,147.70 | 183,071,147.70 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 264,405,675.00 | 264,405,675.00 |
| Specificreserve | 15,182,958.83 | 15,182,958.83 |
| Surplusreserves | 320,133,050.15 | 320,133,050.15 |
| Retainedearnings | 643,968,465.93 | 643,968,465.93 |
| Totalowners’equity | 1,988,135,623.61 | 1,988,135,623.61 |
| Totalliabilitiesandowners’equity | 3,373,911,607.11 | 3,373,911,607.11 |
Notestoadjustment
TheMinistryofFinancerevisedtheAccountingStandardsforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments,AccountingStandardsforBusinessEnterprisesNo.23-TransferofFinancialAssets,AccountingStandardsforBusinessEnterprisesNo.24-HedgeAccountingandAccountingStandardsforBusinessEnterprisesNo.37-PresentationofFinancialInstrumentsin2017,andrequiredalldomesticallylistedcompaniestoimplementsince1January2019.Inaccordancewiththeprovisionsofthestandards,asforthefinancialinstrumentsnotderecognizedasoftheimplementationdate,retrospectiveadjustmentshallbemadewhentherecognitionandmeasurementbeforetherevisiondon’tconformtotherequirementsoftherevisedstandards.Itisunnecessarytomakeadjustmentwhendataofpreviouscomparativefinancialstatementsdon’tconformtotherequirementsoftherevisedstandards.
TheCompanystartstocarryoutthenewfinancialinstrumentstandardssince1January2019,andclassifiesthefinancialassetsoriginallyrecordedinavailable-for-salefinancialassetsintofinancialassetsatfairvaluethroughothercomprehensiveincomewhichwillbepresentedasinvestmentinotherequityinstrumentsinfinancialstatements.2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstExecutionofanyNewStandardsGoverningFinancialInstrumentsorLeases□Applicable√Notapplicable
IIIIndependentAuditor’sReport
Indicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.