CHANGCHAICOMPANY,LIMITED
THIRDQUARTERREPORT2019
October2019
PartIImportantNotesTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofChangchaiCompany,Limited(togetherwithitsconsolidatedsubsidiaries,the“Company”,exceptwherethecontextotherwiserequires)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.ShiXinkun,theCompany’slegalrepresentative,ZhangXin,theCompany’sGeneralManager,andJiangHe,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyConsolidatedFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
| 30September2019 | 31December2018 | Change(%) | ||||
| Totalassets(RMB) | 3,498,167,449.23 | 3,542,019,195.75 | -1.24% | |||
| Equityattributabletothelistedcompany’sshareholders(RMB) | 2,080,307,118.49 | 2,043,308,026.74 | 1.81% | |||
| Q32019 | YoYchange(%) | Q1-Q32019 | YoYchange(%) | |||
| Operatingrevenue(RMB) | 460,579,449.28 | 6.47% | 1,576,409,294.87 | -2.65% | ||
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 950,668.62 | -79.65% | 20,008,693.69 | -14.16% | ||
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | 197,704.53 | -- | 14,424,860.12 | 27.87% | ||
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -- | -- | -177,873,130.52 | -- | ||
| Basicearningspershare(RMB/share) | 0.01 | 0.00% | 0.04 | 0.00% | ||
| Dilutedearningspershare(RMB/share) | 0.01 | 0.00% | 0.04 | 0.00% | ||
| Weightedaveragereturnonequity(%) | 0.05% | -0.17% | 1.02% | -0.03% | ||
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q1-Q32019 | Note |
| Gain/Lossarisingfromdisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 1,024,006.08 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 326,259.20 | |
| Gain/Lossonchangesinfairvaluearisingfromholdingoftradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandinvestmentincomefromdisposaloftradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandotherinvestmentsindebtobligationotherthaneffectivehedge | 337,630.60 |
| businessrelatedtotheCompany’snormaloperatingbusinesses | ||
| Reversedportionsofimpairmentallowancesforloanbymandatewhicharetestedindividuallyforimpairment | 4,000,000.00 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 732,475.63 | |
| Less:Incometaxeffects | 843,914.88 | |
| Non-controllinginterestseffects(aftertax) | -7,376.94 | |
| Total | 5,583,833.57 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√Notapplicable
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat30September2019
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholders | 51,028 | Numberofpreferredshareholderswithresumedvotingrights(ifany) | 0 | |||||
| Top10shareholders | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Numberofshares | Restrictedshares | Sharesinpledgeorfrozen | |||
| Status | Shares | |||||||
| CHANGZHOUINVESTMENTGROUPCO.,LTD | State-ownedlegalperson | 30.43% | 170,845,236 | |||||
| CHINACITICBANKCORPORATIONLIMITED-CCBCHINASECURITIES500INDEXENHANCEDSECURITIESINVESTMENTFUND | Other | 0.76% | 4,254,122 | |||||
| KGIASIALIMITED | Foreignlegalperson | 0.57% | 3,189,845 | |||||
| LEIYANQIN | Domesticnaturalperson | 0.36% | 2,019,946 | |||||
| GAOFENHUAI | Domesticnaturalperson | 0.33% | 1,873,800 | |||||
| HUWENYONG | Domesticnaturalperson | 0.28% | 1,545,266 | |||||
| HUANGGUOLIANG | Domesticnaturalperson | 0.27% | 1,528,891 | |||||
| LISUINAN | Domesticnaturalperson | 0.27% | 1,507,800 | |||||
| XUEHONG | Domesticnaturalperson | 0.23% | 1,290,900 | |||||
| ZHOUYONG | Domesticnaturalperson | 0.22% | 1,250,000 | |||||
| Top10unrestrictedshareholders | ||||||||
| Nameofshareholder | Unrestrictedshares | Sharesbytype | ||||||
| Type | Shares | |||||||
| CHANGZHOUINVESTMENTGROUPCO.,LTD | 170,845,236 | RMB-denominatedordinarystock | 170,845,236 | |||||
| CHINACITICBANKCORPORATIONLIMITED-CCBCHINASECURITIES500INDEXENHANCEDSECURITIESINVESTMENTFUND | 4,254,122 | RMB-denominatedordinarystock | 4,254,122 | |||||
| KGIASIALIMITED | 3,189,845 | Domesticallylistedforeignstock | 3,189,845 | |||||
| LEIYANQIN | 2,019,946 | RMB-denominatedordinarystock | 2,019,946 | |||||
| GAOFENHUAI | 1,873,800 | RMB-denominatedordinarystock | 1,873,800 | |||||
| HUWENYONG | 1,545,266 | Domesticallylistedforeignstock | 1,545,266 | |||||
| HUANGGUOLIANG | 1,528,891 | Domesticallylistedforeignstock | 1,528,891 | |||||
| LISUINAN | 1,507,800 | Domesticallylistedforeignstock | 1,507,800 | |||||
| XUEHONG | 1,290,900 | Domesticallylistedforeignstock | 1,290,900 | |||||
| ZHOUYONG | 1,250,000 | RMB-denominatedordinarystock | 1,250,000 | |||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Itisunknownwhetherthereisamongthetop10publicshareholdersandthetop10unrestrictedpublicshareholdersanyrelatedpartiesoracting-in-concertpartiesasdefinedintheAdministrativeMeasuresforInformationRegardingShareholdingAlteration. | |||||||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinKeyConsolidatedFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable
1.ConsolidatedBalanceSheetItemsasat30September2019
| Item | 30September2019(RMB) | 31December2018(RMB) | Change(%) | Explanationofwhy |
| Accountsreceivable | 813,510,517.41 | 378,859,159.11 | 114.73% | Accountsreceivableasat30September2019rose114.73%fromtheamountasat31December2018,becauseduringQ1~Q32019,creditsalewasproperlycarriedouttoextendmarketspace,andmostmulti-cylinderenginecustomersweresupportingmanufacturersforbiggerenterprises,whichmeansrelativelylongaccountagesfortheCompany. |
| Othercurrentassets | 15,813,912.76 | 34,357,608.97 | -53.97% | DecreaseinoverpaidVAT |
| Advancepayment | 64,895,163.52 | 34,500,232.97 | 88.10% | Theincreaseofthecompany'sadvancepayment. |
| Payrollpayable | 12,826,072.56 | 50,500,592.99 | -74.60% | Salariesandbonusesaccruedintheninemonthsended30September2018werepaidinthecorrespondingperiodofthecurrentyear. |
| Taxpayable | 3,867,390.55 | 7,066,085.89 | -45.27% | Mainlyforthechangesofsalesandprofit,aswellastheimpactofthenationaltaxreductionpolicy. |
| Thenon-currentliabilitiesduewithinoneyear | 0.00 | 18,500,000.00 | -100.00% | Thecompanyrepaidtheduenon-currentliabilitiesofRMB18,500,000.00duringthereportingperiod.. |
| Long-termloan | 0.00 | 2,000,000.00 | -100.00% | Thecompanyrepaidthelong-termloanofRMB2,000,000.00duringthereportingperiodinadvance. |
2.ConsolidatedIncomeStatementItemsforQ1~Q32019
| Item | Q1~Q32019(RMB) | Q1~Q32018(RMB) | Change(%) | Explanationofwhy |
| Researchanddevelopmentcosts | 49,515,164.09 | 36,524,504.36 | 35.57% | somer&dprojectsusedmorer&dfunds. |
| Assetimpairmentloss | 26,096.43 | -2,531,847.48 | -- | Allowancesfordoubtfulaccountsreceivablerecordedbasedonagingledtoanincreaseinassetimpairmentloss,whilethecollectionofentrustedloanswithfull-amountimpairmentallowancesresultedinwritedownsinthisitem. |
| Non-operatingincome | 961,235.14 | 2,830,716.11 | -66.04% | Moregovernmentsubsidies. |
| Non-operatingexpenses | 233,654.06 | 1,698,515.85 | -86.24% | Thelargelossofdullmaterialsdisposedinthepreviousperiod. |
| Theincometaxexpense | -2,232,431.33 | 5,079,513.44 | -- | Thecompanyreceivedatotalof6,700,210.88yuanofcorporateincometaxrefundinthefinalsettlementof2018inJune2019. |
| Othercomprehensiveincome,netoftax | 30,999,075.00 | -144,235,225.00 | -- | Significantincreaseingainsonfairvaluechangesofinvestmentsinotherequityinstruments. |
3.ConsolidatedCashFlowStatementItemsforQ1~Q32019
| Item | Q1~Q32019(RMB) | Q1~Q32018(RMB) | Change(%) | Explanationofwhy |
| Netcashgeneratedfrom/usedinoperatingactivities | -177,873,130.52 | -54,251,797.59 | -- | Increaseinaccountsreceivable. |
| Netcashgeneratedfrom/usedininvestingactivities | -64,901,304.94 | -23,421,616.03 | -- | Theinvestmentof50millionyuantoJiangsuHoushengNewEnergyTechnologyco.,LTD. |
| Netcashgeneratedfrom/usedinfinancingactivities | -44,353,925.59 | -16,892,465.30 | -- | Mainlyforthecompanyrepaidpartofthebankdebt. |
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
□Applicable√Notapplicable
Progressofanysharerepurchase:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
√Applicable□Notapplicable
| Commitment | Commitmentmaker | Typeofcommitment | Contents | Dateofcommitmentmaking | Periodofcommitment | Fulfillment |
| Othercommitmentsmadetominorityshareholders | ChangchaiCompany,Limited | Bonus | RewardsPlanforShareholdersinNextThreeYears(2017-2019)Underthepremiseofpositivedistributiveprofit(remainingafter-taxprofitsaftermakingupforthelossandextractingforthecommonreserves)inthisyearorhalfyearandabundantmoneyflowandnoinfluenceonthefollowing-upgoingconcernaftercashbonus,theprofitsallocatedbycasheveryyearshouldn’tbelowerthan10%oftheallocableprofitsfromparentcompany.Meanwhile,theaccumulatedallocableprofitsbycashinthearbitrarycontinuousthreeaccountingyearsshouldnotbelowerthan30%oftheannualaverageallocableprofitsinthosethreeyears. | 11May2017 | Year2017-2019 | Implementinanormalway |
| Fulfilledontime | Yes | |||||
| Whenthecommitmentwasnotcompletelyfulfilledatmaturity,thespecificreasonsandfollowingworkplanshallbegiven | N/A | |||||
IVSecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VWealthManagementEntrustment
√Applicable□Notapplicable
Unit:RMB’0,000(inRMBtenthousandyuan)
| Typeofwealthmanagement | Fundingsource | Principal | Outstandingamountbeforematurity | Overdueamount |
| Wealthmanagementproductpurchasedfromsecuritiescompany | Self-funded | 1000 | 1000 | 0 |
| Total | 1000 | 1000 | 0 | |
High-riskwealthmanagemententrustmentswithamountsthatareindividuallysignificant,orwithlowsecurity,lowliquidity,ornoprotectionoftheprincipal:
□Applicable√NotapplicableWealthmanagemententrustmentswithpossibleimpairmentsincludinganexpectedlyunrecoverableprincipal:
□Applicable√NotapplicableVIInvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIIVisitsPaidtotheCompanyforPurposesofResearch,Communication,Interview,etc.duringReportingPeriod
√Applicable□Notapplicable
| Dateofvisit | Wayofvisit | Typeofvisitor | About |
| 17September2019 | Other | Individual | Taxrebateofthecorporateincometax |
| 11September2019 | Other | Individual | NumberofshareholdersoftheCompany |
| 5September2019 | Other | Individual | Agriculturalmachineryindustrypolicy |
| 5September2019 | Other | Individual | Developmentstateoftheagriculturalmachineryindustry |
| 5September2019 | Other | Individual | TransformationandupgradingoftheCompany |
| 5September2019 | Other | Individual | DevelopmentprogramoftheCompany |
| 30August2019 | Other | Individual | TheCompany’investmentinthe |
| projectofHoushenglithiumbattery | |||
| 6August2019 | Other | Individual | TheCompany’investmentintheprojectofHoushenglithiumbattery |
| 29July2019 | Other | Individual | ThepurchaseforrelocationoftheCompany |
| 28July2019 | Other | Individual | TherelocationscheduleoftheCompany |
| 28July2019 | Other | Individual | TherelocationscheduleoftheCompany |
| 10July2019 | Other | Individual | TransformationandupgradingoftheCompany |
| 4July2019 | Other | Individual | TheCompany’investmentintheprojectofHoushenglithiumbattery |
| 1July2019 | Other | Individual | ProductrageoftheCompany |
VIIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IXOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyChangchaiCompany,Limited
30September2019
Unit:RMB
| Item | 30September2019 | 31December2018 |
| Currentassets: | ||
| Monetarycapital | 532,068,642.57 | 800,960,036.69 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Tradingfinancialassets | ||
| Financialassetsatfairvaluethroughprofitorloss | ||
| Derivativefinancialassets | ||
| Notesreceivable | 374,709,812.25 | 495,370,782.47 |
| Accountsreceivable | 813,510,517.41 | 378,859,159.11 |
| Accountsreceivablefinancing | ||
| Prepayments | 15,664,279.74 | 11,352,297.10 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 9,078,508.78 | 9,244,584.42 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 465,692,034.05 | 557,953,891.70 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 15,813,912.76 | 34,357,608.97 |
| Totalcurrentassets | 2,226,537,707.56 | 2,288,098,360.46 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Available-for-salefinancialassets | 0.00 | 498,851,369.49 |
| Investmentsinotherdebtobligations | ||
| Held-to-maturityinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 0.00 | |
| Investmentsinotherequityinstruments | 585,459,311.25 | |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 48,999,752.03 | 50,656,007.63 |
| Fixedassets | 470,100,999.47 | 511,250,371.37 |
| Constructioninprogress | 66,051,324.92 | 89,090,384.71 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 100,038,531.29 | 103,092,879.38 |
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | ||
| Deferredincometaxassets | 979,822.71 | 979,822.71 |
| Othernon-currentassets | 0.00 | |
| Totalnon-currentassets | 1,271,629,741.67 | 1,253,920,835.29 |
| Totalassets | 3,498,167,449.23 | 3,542,019,195.75 |
| Currentliabilities: | ||
| Short-termborrowings | 22,000,000.00 | 27,000,000.00 |
| Borrowingsfromcentralbank | ||
| Interbankloansobtained | ||
| Tradingfinancialliabilities | ||
| Financialliabilitiesatfairvaluethroughprofitorloss | ||
| Derivativefinancialliabilities | ||
| Notespayable | 417,176,000.00 | 438,375,400.00 |
| Accountspayable | 524,853,934.94 | 591,754,875.77 |
| Advancesfromcustomers | 64,895,163.52 | 34,500,232.97 |
| Contractualliabilities | ||
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Payrollpayable | 12,826,072.56 | 50,500,592.99 |
| Taxespayable | 3,867,390.55 | 7,066,085.89 |
| Otherpayables | 236,797,366.66 | 199,412,250.90 |
| Including:Interestpayable | ||
| Dividendspayable | 3,891,433.83 | 3,891,433.83 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 18,500,000.00 | |
| Othercurrentliabilities | 2,548,235.52 | 2,082,985.18 |
| Totalcurrentliabilities | 1,284,964,163.75 | 1,369,192,423.70 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 2,000,000.00 | |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Provisions | ||
| Deferredincome | 59,928,484.84 | 59,928,484.84 |
| Deferredincometaxliabilities | 53,300,187.69 | 47,971,780.36 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 113,228,672.53 | 109,900,265.20 |
| Totalliabilities | 1,398,192,836.28 | 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 | 295,404,750.00 | 264,405,675.00 |
| Specificreserve | 15,182,958.83 | 15,182,958.83 |
| Surplusreserves | 320,133,050.15 | 320,133,050.15 |
| Generalreserve | ||
| Retainedearnings | 723,883,368.08 | 717,883,351.33 |
| TotalequityattributabletoownersoftheCompanyastheparent | 2,080,307,118.49 | 2,043,308,026.74 |
| Non-controllinginterests | 19,667,494.46 | 19,618,480.11 |
| Totalowners’equity | 2,099,974,612.95 | 2,062,926,506.85 |
| Totalliabilitiesandowners’equity | 3,498,167,449.23 | 3,542,019,195.75 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30September2019 | 31December2018 |
| Currentassets: | ||
| Monetarycapital | 491,145,212.15 | 759,404,219.72 |
| Tradingfinancialassets | ||
| Financialassetsatfairvaluethroughprofitorloss | ||
| Derivativefinancialassets | ||
| Notesreceivable | 371,544,812.25 | 490,519,795.91 |
| Accountsreceivable | 731,237,909.37 | 300,357,283.81 |
| Accountsreceivablefinancing | ||
| Prepayments | 5,764,253.12 | 4,768,038.11 |
| Otherreceivables | 22,280,624.02 | 21,681,331.85 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Inventories | 341,116,993.50 | 437,423,195.46 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 1,347,082.79 | 23,099,858.67 |
| Totalcurrentassets | 1,964,436,887.20 | 2,037,253,723.53 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Available-for-salefinancialassets | 0.00 | 470,940,000.00 |
| Investmentsinotherdebtobligations | ||
| Held-to-maturityinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 301,752,730.03 | 241,752,730.03 |
| Investmentsinotherequityinstruments | 507,409,500.00 | 0.00 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 48,999,752.03 | 50,656,007.63 |
| Fixedassets | 380,190,310.84 | 413,186,680.19 |
| Constructioninprogress | 63,953,756.12 | 87,007,215.91 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 71,044,474.74 | 72,184,608.63 |
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | ||
| Deferredincometaxassets | 930,641.19 | 930,641.19 |
| Othernon-currentassets | ||
| Totalnon-currentassets | 1,374,281,164.95 | 1,336,657,883.58 |
| Totalassets | 3,338,718,052.15 | 3,373,911,607.11 |
| Currentliabilities: | ||
| Short-termborrowings | 5,000,000.00 | 10,000,000.00 |
| Tradingfinancialliabilities | ||
| Financialliabilitiesatfairvaluethroughprofitorloss | ||
| Derivativefinancialliabilities | ||
| Notespayable | 405,116,000.00 | 425,995,400.00 |
| Accountspayable | 497,566,271.13 | 561,555,397.44 |
| Advancesfromcustomers | 62,723,784.88 | 32,072,387.55 |
| Contractualliabilities | ||
| Payrollpayable | 5,663,233.97 | 43,597,759.22 |
| Taxespayable | 1,060,847.79 | 2,443,767.89 |
| Otherpayables | 226,984,452.30 | 185,022,961.56 |
| Including:Interestpayable | ||
| Dividendspayable | 3,243,179.97 | 3,243,179.97 |
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 18,500,000.00 | |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 1,204,114,590.07 | 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 | 52,130,250.00 | 46,659,825.00 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 112,058,734.84 | 106,588,309.84 |
| Totalliabilities | 1,316,173,324.91 | 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 | 295,404,750.00 | 264,405,675.00 |
| Specificreserve | 15,182,958.83 | 15,182,958.83 |
| Surplusreserves | 320,133,050.15 | 320,133,050.15 |
| Retainedearnings | 647,378,494.56 | 643,968,465.93 |
| Totalowners’equity | 2,022,544,727.24 | 1,988,135,623.61 |
| Totalliabilitiesandowners’equity | 3,338,718,052.15 | 3,373,911,607.11 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | Q32019 | Q32018 |
| 1.Revenue | 460,579,449.28 | 432,605,495.58 |
| Including:Operatingrevenue | 460,579,449.28 | 432,605,495.58 |
| Interestincome | ||
| Premiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 465,423,303.87 | 447,865,887.95 |
| Including:Costofsales | 389,380,663.04 | 368,800,817.45 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netclaimspaid | ||
| Netamountprovidedaspolicyreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 754,800.30 | 3,622,252.63 |
| Sellingexpense | 37,273,069.65 | 41,800,679.58 |
| Administrativeexpense | 22,124,400.48 | 21,842,985.31 |
| R&Dexpense | 19,450,880.63 | 15,978,761.69 |
| Financecosts | -3,560,510.23 | -4,179,608.71 |
| Including:Interestexpense | 2,277,728.34 | 740,882.96 |
| Interestincome | 1,620,732.15 | 682,638.32 |
| Add:Otherincome | 196,959.20 | |
| Investmentincome(“-”forloss) | 6,275,331.91 | 7,677,178.18 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Foreignexchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -325,681.21 | |
| Assetimpairmentloss(“-”forloss) | 12,489,304.22 |
| Assetdisposalincome(“-”forloss) | 35,470.13 | |
| 3.Operatingprofit(“-”forloss) | 1,338,225.44 | 4,906,090.03 |
| Add:Non-operatingincome | 394,303.76 | 727,633.08 |
| Less:Non-operatingexpense | 15,816.08 | 171,349.64 |
| 4.Profitbeforetax(“-”forloss) | 1,716,713.12 | 5,462,373.47 |
| Less:Incometaxexpense | 766,044.50 | 726,986.79 |
| 5.Netprofit(“-”fornetloss) | 950,668.62 | 4,735,386.68 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 950,668.62 | 4,735,386.68 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 950,668.62 | 4,670,842.38 |
| 5.2.2Netprofitattributabletonon-controllinginterests | 64,544.30 | |
| 6.Othercomprehensiveincome,netoftax | -56,331,625.00 | -18,037,000.00 |
| AttributabletoownersoftheCompanyastheparent | -56,331,625.00 | -18,037,000.00 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -56,331,625.00 | |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -56,331,625.00 | |
| 6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -18,037,000.00 | |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | -18,037,000.00 | |
| 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 | -55,380,956.38 | -13,301,613.32 |
| AttributabletoownersoftheCompanyastheparent | -55,380,956.38 | -13,366,157.62 |
| Attributabletonon-controllinginterests | 64,544.30 | |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.01 | 0.01 |
| 8.2Dilutedearningspershare | 0.01 | 0.01 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | Q32019 | Q32018 |
| 1.Operatingrevenue | 421,276,661.38 | 416,427,359.56 |
| Less:Costofsales | 359,102,937.24 | 362,072,818.22 |
| Taxesandsurcharges | 284,731.94 | 2,893,386.71 |
| Sellingexpense | 35,132,740.35 | 39,994,953.30 |
| Administrativeexpense | 18,782,065.04 | 17,353,285.58 |
| R&Dexpense | 18,913,412.83 | 15,978,761.69 |
| Financecosts | -3,838,154.82 | -4,413,035.38 |
| Including:Interestexpense | 2,245,294.98 | 768,546.57 |
| Interestincome | 1,582,099.73 | 591,988.98 |
| Add:Otherincome | 196,959.20 | |
| Investmentincome(“-”forloss) | 6,116,775.16 | 7,576,950.00 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -200,000.00 | |
| Assetimpairmentloss(“-”forloss) | 12,556,816.51 | |
| Assetdisposalincome(“-”forloss) | 35,470.13 | |
| 2.Operatingprofit(“-”forloss) | -951,866.71 | 2,680,955.95 |
| Add:Non-operatingincome | 90,530.00 | 344,083.46 |
| Less:Non-operatingexpense | 1,380.00 | 170,435.64 |
| 3.Profitbeforetax(“-”forloss) | -862,716.71 | 2,854,603.77 |
| Less:Incometaxexpense | 80,572.15 | |
| 4.Netprofit(“-”fornetloss) | -943,288.86 | 2,854,603.77 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -943,288.86 | 2,854,603.77 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | -56,331,625.00 | -18,037,000.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -56,331,625.00 | |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes |
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -56,331,625.00 | |
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | -18,037,000.00 | |
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | -18,037,000.00 | |
| 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 | -57,274,913.86 | -15,182,396.23 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
5.ConsolidatedIncomeStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Revenue | 1,576,409,294.87 | 1,619,366,387.84 |
| Including:Operatingrevenue | 1,576,409,294.87 | 1,619,366,387.84 |
| Interestincome | ||
| Premiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Operatingcostsandexpenses | 1,561,504,072.64 | 1,602,490,496.40 |
| Including:Costofsales | 1,359,819,510.40 | 1,403,155,726.44 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 5,752,156.03 | 9,361,725.89 |
| Sellingexpense | 95,531,468.63 | 94,028,755.44 |
| Administrativeexpense | 56,227,095.34 | 63,731,730.10 |
| R&Dexpense | 49,515,164.09 | 36,524,504.36 |
| Financecosts | -5,341,321.85 | -4,311,945.83 |
| Including:Interestexpense | 3,845,353.84 | 2,545,980.06 |
| Interestincome | 3,262,988.18 | 1,574,301.49 |
| Add:Otherincome | 326,259.20 | 129,600.00 |
| Investmentincome(“-”forloss) | 6,454,405.76 | 8,053,269.86 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Foreignexchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -5,586,101.21 |
| Assetimpairmentloss(“-”forloss) | -26,096.43 | 2,531,847.48 |
| Assetdisposalincome(“-”forloss) | 1,024,006.08 | |
| 3.Operatingprofit(“-”forloss) | 17,097,695.63 | 27,590,608.78 |
| Add:Non-operatingincome | 961,235.14 | 2,830,716.11 |
| Less:Non-operatingexpense | 233,654.06 | 1,698,515.85 |
| 4.Profitbeforetax(“-”forloss) | 17,825,276.71 | 28,722,809.04 |
| Less:Incometaxexpense | -2,232,431.33 | 5,079,513.44 |
| 5.Netprofit(“-”fornetloss) | 20,057,708.04 | 23,643,295.60 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 20,057,708.04 | 23,643,295.60 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 20,008,693.69 | 23,309,400.04 |
| 5.2.2Netprofitattributabletonon-controllinginterests | 49,014.35 | 333,895.56 |
| 6.Othercomprehensiveincome,netoftax | 30,999,075.00 | -144,235,225.00 |
| AttributabletoownersoftheCompanyastheparent | 30,999,075.00 | -144,235,225.00 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | 30,999,075.00 | |
| 6.1.1Changesinnetliabilitiesorassetscausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 6.1.2Shareofothercomprehensiveincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 30,999,075.00 | |
| 6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 6.1.5Other | ||
| 6.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | -144,235,225.00 | |
| 6.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | -144,235,225.00 | |
| 6.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
| 6.2.6Allowanceforcreditimpairmentsininvestmentsinother |
| debtobligations | ||
| 6.2.7Reserveforcashflowhedges | ||
| 6.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 6.2.9Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 51,056,783.04 | -120,591,929.40 |
| AttributabletoownersoftheCompanyastheparent | 51,007,768.69 | -120,925,824.96 |
| Attributabletonon-controllinginterests | 49,014.35 | 333,895.56 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.04 | 0.04 |
| 8.2Dilutedearningspershare | 0.04 | 0.04 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Operatingrevenue | 1,454,605,836.96 | 1,537,762,482.71 |
| Less:Costofsales | 1,266,389,252.73 | 1,353,150,662.71 |
| Taxesandsurcharges | 4,248,625.13 | 7,281,502.74 |
| Sellingexpense | 88,479,571.30 | 86,373,935.16 |
| Administrativeexpense | 44,258,430.92 | 50,165,905.14 |
| R&Dexpense | 46,805,098.25 | 36,524,504.36 |
| Financecosts | -6,848,347.17 | -6,333,999.37 |
| Including:Interestexpense | 3,559,655.48 | 2,380,867.34 |
| Interestincome | 2,747,522.82 | 1,395,580.84 |
| Add:Otherincome | 326,259.20 | 129,600.00 |
| Investmentincome(“-”forloss) | 6,116,775.16 | 7,597,950.00 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -5,460,420.00 | |
| Assetsimpairmentloss(“-”forloss) | -26,096.43 | 2,631,847.48 |
| Assetdisposalincome(“-”forloss) | 1,024,006.08 | |
| 2.Operatingprofit(“-”forloss) | 13,253,729.81 | 20,959,369.45 |
| Add:Non-operatingincome | 320,883.36 | 2,104,313.37 |
| Less:Non-operatingexpense | 168,334.64 | 1,695,773.85 |
| 3.Profitbeforetax(“-”forloss) | 13,406,278.53 | 21,367,908.97 |
| Less:Incometaxexpense | -4,038,108.25 | 3,037,417.85 |
| 4.Netprofit(“-”fornetloss) | 17,444,386.78 | 18,330,491.12 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 17,444,386.78 | 18,330,491.12 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | 30,999,075.00 | -144,235,225.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | 30,999,075.00 | |
| 5.1.1Changesinnetliabilitiesorassetscausedby |
| remeasurementsondefinedbenefitpensionschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 30,999,075.00 | |
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 5.1.5Other | ||
| 5.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | -144,235,225.00 | |
| 5.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | -144,235,225.00 | |
| 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 | 48,443,461.78 | -125,904,733.88 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,359,318,699.75 | 1,502,082,934.17 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 23,791,753.91 | 39,981,450.76 |
| Cashgeneratedfromotheroperatingactivities | 11,459,085.79 | 9,176,454.39 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,394,569,539.45 | 1,551,240,839.32 |
| Paymentsforcommoditiesandservices | 1,266,094,750.13 | 1,302,400,952.42 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 219,511,319.88 | 227,468,105.70 |
| Taxespaid | 20,471,465.12 | 21,038,574.94 |
| Cashusedinotheroperatingactivities | 66,365,134.84 | 54,585,003.85 |
| Subtotalofcashusedinoperatingactivities | 1,572,442,669.97 | 1,605,492,636.91 |
| Netcashgeneratedfrom/usedinoperatingactivities | -177,873,130.52 | -54,251,797.59 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 14,000,000.00 | 23,459,682.03 |
| Returnoninvestment | 6,454,405.76 | 8,053,269.86 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 1,040,506.08 | 295,880.71 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 21,494,911.84 | 31,808,832.60 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 16,257,775.02 | 27,248,307.93 |
| Paymentsforinvestments | 70,138,441.76 | |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 27,982,140.70 | |
| Subtotalofcashusedininvestingactivities | 86,396,216.78 | 55,230,448.63 |
| Netcashgeneratedfrom/usedininvestingactivities | -64,901,304.94 | -23,421,616.03 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | ||
| Borrowingsobtained | 19,000,000.00 | 17,000,000.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 19,000,000.00 | 17,000,000.00 |
| Repaymentsofborrowings | 44,500,000.00 | 15,400,000.00 |
| Paymentsforinterestanddividends | 18,854,400.12 | 18,492,465.30 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 63,354,400.12 | 33,892,465.30 |
| Netcashgeneratedfrom/usedinfinancingactivities | -44,354,400.12 | -16,892,465.30 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
| 5.Netincreaseincashandcashequivalents | -287,128,835.58 | -94,565,878.92 |
| Add:Cashandcashequivalents,beginningoftheperiod | 687,079,639.59 | 325,263,654.43 |
| 6.Cashandcashequivalents,endoftheperiod | 399,950,804.01 | 230,697,775.51 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,175,685,236.64 | 1,415,048,015.22 |
| Taxrebates | 17,666,191.34 | 31,526,429.06 |
| Cashgeneratedfromotheroperatingactivities | 7,495,628.63 | 7,685,480.38 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,200,847,056.61 | 1,454,259,924.66 |
| Paymentsforcommoditiesandservices | 1,132,183,895.35 | 1,235,746,003.49 |
| Cashpaidtoandforemployees | 183,902,068.67 | 198,291,459.90 |
| Taxespaid | 10,494,488.59 | 15,439,986.70 |
| Cashusedinotheroperatingactivities | 50,986,232.72 | 51,499,872.31 |
| Subtotalofcashusedinoperatingactivities | 1,377,566,685.33 | 1,500,977,322.40 |
| Netcashgeneratedfrom/usedinoperatingactivities | -176,719,628.72 | -46,717,397.74 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | 6,116,775.16 | 7,597,950.00 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 1,024,006.08 | 154,889.08 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 7,140,781.24 | 7,752,839.08 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 11,570,933.53 | 25,507,202.39 |
| Paymentsforinvestments | 60,000,000.00 | |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 71,570,933.53 | 25,507,202.39 |
| Netcashgeneratedfrom/usedininvestingactivities | -64,430,152.29 | -17,754,363.31 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsobtained | 5,000,000.00 | 10,000,000.00 |
| Cashgeneratedfromotherfinancingactivities |
| Subtotalofcashgeneratedfromfinancingactivities | 5,000,000.00 | 10,000,000.00 |
| Repaymentsofborrowings | 28,500,000.00 | 500,000.00 |
| Paymentsforinterestanddividends | 17,594,013.63 | 17,852,241.03 |
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 46,094,013.63 | 18,352,241.03 |
| Netcashgeneratedfrom/usedinfinancingactivities | -41,094,013.63 | -8,352,241.03 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
| 5.Netincreaseincashandcashequivalents | -282,243,794.64 | -72,824,002.08 |
| Add:Cashandcashequivalents,beginningoftheperiod | 651,854,206.79 | 272,064,464.71 |
| 6.Cashandcashequivalents,endoftheperiod | 369,610,412.15 | 199,240,462.63 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheExecutionofanyNewStandardsGoverningFinancialInstruments,RevenueorLeasesfrom2019
√Applicable□NotapplicableConsolidatedbalancesheet
Unit:RMB
| Item | 31December2018 | 1January2019 | Adjustment |
| Currentassets: | |||
| Monetarycapital | 800,960,036.69 | 800,960,036.69 | |
| Settlementreserve | |||
| Interbankloansgranted | |||
| Tradingfinancialassets | |||
| Financialassetsatfairvaluethroughprofitorloss | |||
| Derivativefinancialassets | |||
| Notesreceivable | 495,370,782.47 | 495,370,782.47 | |
| Accountsreceivable | 378,859,159.11 | 378,859,159.11 | |
| Accountsreceivablefinancing | |||
| 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 | |||
| Assetsclassifiedasheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 34,357,608.97 | 34,357,608.97 | |
| Totalcurrentassets | 2,288,098,360.46 | 34,357,608.97 | |
| Non-currentassets: |
| Loansandadvancestocustomers | |||
| Investmentsindebtobligations | |||
| Available-for-salefinancialassets | 498,851,369.49 | 0.00 | -498,851,369.49 |
| Investmentsinotherdebtobligations | |||
| Held-to-maturityinvestments | |||
| Long-termreceivables | |||
| Long-termequityinvestments | 0.00 | ||
| Investmentsinotherequityinstruments | 498,851,369.49 | 498,851,369.49 | |
| Othernon-currentfinancialassets | |||
| 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 | |||
| Intangibleassets | 103,092,879.38 | 103,092,879.38 | |
| R&Dexpense | |||
| Goodwill | |||
| Long-termprepaidexpense | |||
| Deferredincometaxassets | 979,822.71 | 979,822.71 | |
| Othernon-currentassets | 0.00 | ||
| 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 | |||
| Financialliabilitiesatfairvaluethroughprofitorloss | |||
| Derivativefinancialliabilities | |||
| Notespayable | 438,375,400.00 | 438,375,400.00 | |
| Accountspayable | 591,754,875.77 | 591,754,875.77 | |
| Advancesfromcustomers | 34,500,232.97 | 34,500,232.97 | |
| Contractualliabilities |
| 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 | ||
| Dividendspayable | 3,891,433.83 | 3,891,433.83 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| 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 | ||
| 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 |
NotestoadjustmentBalancesheetoftheCompanyastheparent
Unit:RMB
| Item | 31December2018 | 1January2019 | Adjustment |
| Currentassets: | |||
| Monetarycapital | 759,404,219.72 | 759,404,219.72 | |
| Tradingfinancialassets | |||
| Financialassetsatfairvaluethroughprofitorloss | |||
| Derivativefinancialassets | |||
| Notesreceivable | 490,519,795.91 | 490,519,795.91 | |
| Accountsreceivable | 300,357,283.81 | 300,357,283.81 | |
| Accountsreceivablefinancing | |||
| Prepayments | 4,768,038.11 | 4,768,038.11 | |
| Otherreceivables | 21,681,331.85 | 21,681,331.85 | |
| Including:Interestreceivable | |||
| Dividendsreceivable | |||
| Inventories | 437,423,195.46 | 437,423,195.46 | |
| Contractualassets | |||
| 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 | |||
| Available-for-salefinancialassets | 470,940,000.00 | 0.00 | -470,940,000.00 |
| Investmentsinotherdebtobligations | |||
| Held-to-maturityinvestments | |||
| Long-termreceivables | |||
| Long-termequityinvestments | 241,752,730.03 | 241,752,730.03 | |
| Investmentsinotherequityinstruments | 470,940,000.00 | 470,940,000.00 | |
| Othernon-currentfinancialassets | |||
| 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 | |||
| 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 | |||
| Financialliabilitiesatfairvaluethroughprofitorloss | |||
| Derivativefinancialliabilities | |||
| Notespayable | 425,995,400.00 | 425,995,400.00 | |
| Accountspayable | 561,555,397.44 | 561,555,397.44 | |
| Advancesfromcustomers | 32,072,387.55 | 32,072,387.55 | |
| Contractualliabilities |
| 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 | ||
| 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 | ||
| 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
2.RetrospectiveRestatementofPreviousComparativeDataduetotheExecutionofanyNewStandardsGoverningFinancialInstrumentsorLeasesfrom2019
□Applicable√Notapplicable
IIIIndependentAuditor’sReport
Indicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.