Shenzhen Zhongheng Huafa Co., Ltd.THE THIRD QUARTERLY REPORT FOR 2019
October 2019
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen ZhonghengHuafa Co., Ltd. (hereinafter referred to as the Company) and its directors,supervisors and senior executives hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report,and shall take all responsibilities, individual and/or joint, for the reality,accuracy and completion of the whole contents.All directors of the Company are attended the Meeting for quarterly reportdeliberation.Principal of the Company Li Zhongqiu, Person in Charge of Accounting WorksYang Bin and Person in Charge of Accounting Organ (Accounting Officer) WuAijie hereby confirm that the Financial Report of the Third Quarterly Report isauthentic, accurate and complete.
Section II Basic information of CompanyI. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period-end | Period-end of last year | Increase/decrease | ||||
| Total assets (RMB) | 592,145,349.79 | 617,090,153.46 | -4.04% | |||
| Net assets attributable to shareholders of listed company (RMB) | 327,344,694.46 | 323,968,000.74 | 1.04% | |||
| Current period | Increase/decrease in comparison with same period of last year | Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 209,822,500.84 | 40.84% | 549,012,674.89 | 12.05% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 796,282.59 | 131.84% | 3,376,693.72 | 578.74% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | -207,411.34 | 93.91% | 1,990,500.72 | 247.14% | ||
| Net cash flow arising from operating activities (RMB) | -- | -- | 53,802,230.92 | 199.57% | ||
| Basic earnings per share (RMB/Share) | 0.0028 | 131.82% | 0.0119 | 561.11% | ||
| Diluted earnings per share (RMB/Share) | 0.0028 | 131.82% | 0.0119 | 561.11% | ||
| Weighted average ROE | 0.25% | 1.03% | 1.04% | 0.88% | ||
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
| Item | Amount from year-begin to end of the Period | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 134,781.12 |
| Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 864,100.00 | |
| Gains and losses from assets under trusted investment or management | 100,734.31 | |
| Other non-operating income and expenditure except for the aforementioned items | 603,744.38 | |
| Less: impact on income tax | 317,166.81 | |
| Total | 1,386,193.00 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss.II. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
1. Total number of common shareholders at the end of this report period and top ten common shareholders
In Share
| Total common stock shareholders in reporting period-end | 24,275 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | |||||
| Top ten shareholders | ||||||||
| Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | |||
| State of share | Amount | |||||||
| Wuhan Zhongheng New Science & Technology Industrial Group Co., Ltd. | Domestic non-state-owned legal person | 42.13% | 119,289,894 | 0 | Pledged | 116,100,000 | ||
| Frozen | 119,289,894 | |||||||
| SEG (HONG KONG) CO., | Overseas legal person | 5.85% | 16,569,560 | 0 | Pledged | 0 | ||
| Frozen | 0 | |||||||
| LTD. | ||||||
| GOOD HOPE CORNER INVESTMENTS LTD | Overseas legal person | 4.49% | 12,700,000 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Changjiang Securities Brokerage (Hongkong) Co., Ltd. | Overseas legal person | 1.89% | 5,355,249 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Guoyuan Securities Brokerage (Hong Kong) Co., Ltd. | Overseas legal person | 1.37% | 3,870,117 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Li Zhongqiu | Overseas nature person | 1.00% | 2,830,000 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| LI SHERYN ZHAN MING | Overseas nature person | 0.36% | 1,022,600 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Li Senzhuang | Domestic nature person | 0.35% | 989,350 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Zhong Jiachao | Domestic nature person | 0.33% | 924,799 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Han Yaming | Domestic nature person | 0.31% | 864,200 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Particular about top ten shareholders with un-restrict shares held | ||||||
| Shareholders | Amount of un-restrict shares held | Type of shares | ||||
| Type | Amount | |||||
| Wuhan Zhongheng New Science & Technology Industrial Group Co., Ltd. | 119,289,894 | RMB ordinary shares | 119,289,894 | |||
| SEG (HONG KONG) CO., LTD. | 16,569,560 | Domestically listed foreign shares | 16,569,560 | |||
| GOOD HOPE CORNER INVESTMENTS LTD | 12,700,000 | Domestically listed foreign shares | 12,700,000 | |||
| Changjiang Securities Brokerage (Hongkong) Co., Ltd. | 5,355,249 | Domestically listed foreign | 5,355,249 | |||
| shares | |||
| Guoyuan Securities Brokerage (Hong Kong) Co., Ltd. | 3,870,117 | Domestically listed foreign shares | 3,870,117 |
| Li Zhongqiu | 2,830,000 | Domestically listed foreign shares | 2,830,000 |
| LI SHERYN ZHAN MING | 1,022,600 | Domestically listed foreign shares | 1,022,600 |
| Li Senzhuang | 989,350 | Domestically listed foreign shares | 989,350 |
| Zhong Jiachao | 924,799 | RMB ordinary shares | 924,799 |
| Han Yaming | 864,200 | Domestically listed foreign shares | 864,200 |
| Explanation on associated relationship among the top ten shareholders or consistent action | Among the top ten shareholders, Li Zhongqiu is the actual controller of Wuhan Zhongheng New Science & Technology Industrial Group Co., Ltd and belongs to person acting in concert. The Company neither knew whether there exists associated relationship among the other shareholders, nor they belong to consistent actors that are prescribed in Measures for the Administration of Disclosure of Shareholder Equity Changes of Listed Companies. | ||
| Explanation on shareholders involving margin business about top ten common shareholders (if applicable) | Among the top ten shareholders, Zhong Jiachao holds 924,799 shares of the Company, of which, 390,799 shares held by normal account, and 534,000 shares held through credit security account | ||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□Yes √ No
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing inreporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important eventsI. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
| Item | 2019-9-30 | 2018-12-31 | Y-o-y changes | Reasons |
| Notes receivable | 28,890,039.60 | 69,185,516.71 | -58.24% | The notes are collected on due increased in the period |
| Advance payment | 14,944,218.44 | 31,348,429.54 | -52.33% | Advance payment for materials declined in the period |
| Construction in process | - | 5,727,760.23 | -100.00% | Construction in process are completed in the period |
| Other non current assets | 289,550.00 | 3,158,964.00 | -90.83% | Parts of the item carry-over to assets |
| Notes payable | 14,808,763.96 | 27,642,356.66 | -46.43% | Payment by notes declined in the period |
| Accounts payable | 81,859,139.88 | 60,975,306.43 | 34.25% | Account paid to suppliers in the period declined |
| Item | Jan. to Sept. 2019 | Jan. to Sept. 2018 | Y-o-y changes | Reasons |
| Financial expenses | 6,852,728.93 | 5,216,790.23 | 31.36% | Exchange earnings declined in the period |
| Assets impairment loss | 553,901.68 | -5,941.50 | -9422.59% | Bad debt switch back in the period |
| Investment income | 100,734.31 | 293,005.35 | -65.62% | Bank financial products declined in the period |
| Assets disposal income | 134,781.12 | -151,337.27 | 189.06% | Income from disposal of aged plastic injection machines in the period |
| Non operating income | 1,022,432.24 | 1,413,171.48 | -27.65% | Subsidies received in the period declined |
| Non operating expenses | 145,387.86 | 182,806.76 | -20.47% | Fine for tax overdue occurred last period |
| Income tax expense | 688,384.81 | 490,059.24 | 40.47% | Profit increased in the period |
| Item | Jan. to Sept. 2019 | Jan. to Sept. 2018 | Y-o-y changes | Reasons |
| Cash received from selling commodities and providing labor services | 414,860,034.76 | 316,333,719.60 | 31.15% | The notes are collected on due increased in the period |
| Taxes paid | 7,705,078.65 | 17,371,156.77 | -55.64% | VAT paid in the period decreased |
| Cash received from recovering investment | 100,725.72 | 293,005.35 | -65.62% | Bank financial products declined in the period |
| Net cash received from disposal of fixed | 321,800.00 | 967,002.00 | -66.72% | Aged production equipment are renewal last period |
| assets, intangible assets and other long-term assets | ||||
| Other cash received concerning investing activities | 50,000,000.00 | 119,000,000.00 | -57.98% | Bank financial products declined in the period |
| Cash paid for purchasing fixed, intangible and other long-term assets | 7,773,184.27 | 10,633,271.22 | -26.90% | Purchased new production equipment last period for new workshop investment |
| Other cash paid concerning investing activities | 50,000,000.00 | 119,000,000.00 | Bank financial products declined in the period | |
| Cash received from loans | 184,128,246.40 | 319,218,464.59 | -42.32% | Short-term loans declined in the period |
| Cash paid for debt payment | 224,996,378.63 | 315,712,397.89 | -28.73% | Account repayment in the period decreased |
| Impact on cash or cash equivalent from change of foreign exchange | 276,036.36 | -117,560.33 | 334.80% | Impact on change of exchange rate |
II. Progress of significant events, their influences, and analysis and explanation of theirsolutions
√ Applicable □Not applicable
(I) The Company signed Asset Exchange Contract with Wuhan Zhongheng Group on 29 April 2009 (details were referred to in theannouncement dated 30 April 2009), and pursuant to the contract, since part of the assets of the Company (namely two parcel ofindustrial lands located at Huafa road, Gongming town, Guangming new district, Shenzhen (the property certificate No. were SFDZNo.7226760 and SFDZ No.7226763, No. of parcels were A627-005 andA627-007, and the aggregate area was 48,200 sq.m) were thelands listed in the first batch of plan for 2010 Shenzhen urbanization unit planning preparation plan. For promotion of suchurbanization project and joint cooperation, the Company has not completed the transfer procedures in respect of the aforesaid land.The Company convoked the first extraordinary meeting of the Board in 2015 on February 16, 2015 and the first extraordinary generalmeeting of the Board in 2015 on March 4, 2015, which considered and approved the “Motion on promoting and implementing theurban renewal project for the renewal units of Huafa area at Gongming street, Guangming new district, Shenzhen”, specified that theCompany and Wuhan Zhongheng Group shall obtain the corresponding compensatory consideration for removal from therespectively owned project plots and the respectively contributed and constructed above-ground buildings before the landdevelopment, it is estimated that the compensatory consideration obtained by the Company accounts for 50.5% of the totalconsideration and Wuhan Zhongheng Group accounts for 49.5% by calculation.The sixth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting held on September 11,2015 have considered and adopted the “Proposal on the project promotion and implementation of urban renewal and the progress ofrelated transactions of ‘the updated units at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen’”, the company has
signed the “Agreement on the cooperation of urban renewal project of the updated units at Huafa Area, Gong Ming Street,Guangming New District, Shenzhen”, “Contract for the cooperative venture of reconstruction project for Huafa Industrial Park, GongMing Street, Guangming New District” and “Agreement on housing acquisition and removal compensation and resettlement” withWuhan Zhongheng New Technology Industry Group Co., Ltd. (hereinafter referred to as “Wuhan Zhongheng Group”), ShenzhenVanke Real Estate Co., Ltd. (hereinafter referred to as “Shenzhen Vanke”), and Shenzhen Vanke Guangming Real EstateDevelopment Co., Ltd. (hereinafter referred to as “Vanke Guangming”).On 12 September 2016, the Company received a “Notice of Arbitration No.: SHEN DP20160334” from SCIA, Shenzhen Vankeapplied for arbitration in respect of “Agreement on the cooperation of urban renewal project of the updated units at Huafa Area,Gong Ming Street, Guangming New District, Shenzhen” against the Company and Wuhan Zhongheng Group. The arbitral courtholds hearings on 12 November 2016 and 13 May 2017. Shenzhen International Court of Arbitration (South China InternationalEconomic and Trade Arbitration Commission) has made a rule in August 2017, and the Company application for withdrawal toShenzhen Intermediate People’s Court in February 2018, the Court made a judgment on 16 August 2018 for dismissed theCompany’s claim. And on 29 August 2018, the Court accepted the application for enforement of Shenzhen Vanke, recently, thecontrolling shareholder is actively communicate with relevant parties for solutions. Progress of the case found more in the Noticesreleased on Juchao website (www.cninfo.com.cn) dated 14 Sept. 2016, 1 Nov. 2016, 16 Nov. 2016, on 18 Feb. 2017, 24 March 2017,25 April 2017, 1 July 2017, 18 August 2017, 9 Feb. 2018, 25 Aug. 2018 and on 7 Sept. 2108 respectively.(II) On 31 December 2015, the 88,750,047 shares held by Wuhan Zhongheng Group, are pledge to China Merchants SecuritiesAssets Co., Ltd. with due date of 31 December 2016. Wuhan Zhongheng Group deferred the repurchase business day to 30 June 2017.on 1 Feb. 2016, Wuhan Zhongheng Group pledge the 27,349,953 shares held to China Merchants Securities Assets Co., Ltd. withdue date of 31 December 2016. The above-mentioned pledged shares are deferred by Wuhan Zhongheng Group; pledge expired on31 December 2017. The trading day for repurchase put off to the date when pledge actually removed. Till end of this period released,controlling shareholder still not removed the pledge and the Company has apply by letter, relevant Notice of Presentment on StockPledge from Controlling Shareholder was released. Found more in notice released on Juchao website (www.cninfo.com.cn) date 2Feb. 2018.(III) The controlling shareholder Wuhan Zhongheng Group holds 119,289,894 shares of the Company’ stock, accounting for 42.13% ofthe total share capital of the Company, of which 116,489,894 shares were judicially frozen on September 27, 2016, and the frozenperiod was until September 13, 2021, which were frozen again by the Shenzhen Intermediate People's Court on December 14, 2018,with a frozen period of 36 months, the remaining 2,800,000 shares were frozen by the Shenzhen Intermediate People's Court on May 29,2019, and were frozen again by the Higher People’s Court of Guangdong Province on July 5, 2019. For details, please refer to thecompany’s announcements published on www.cninfo.com.cn on October 27, 2016, January 11, 2019, May 31, 2019 and August 7,2019.(IV) The term of office for the 10
th BOD was expired in September 2019. the Company hold the 11
th
session of 9
th
BOD on 23August 2019 and call a first extraordinary general shareholders meeting 2019 on 12 September 2019, relevant proposal with generalelection of the Board was deliberated and approved. Li Zhongqiu, Jiang Junming, Chen Zhigang, Zheng Chunmei, Yang Xiongwenand Wu Weihua was elected as the Director of 10
th
BOD of the Company.
| Overview | Date for disclosure | Information index for temporary report disclosure |
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments that the company, shareholders, actual controller, offeror, directors,supervisors, senior management or other related parties have fulfilled during the reportingperiod and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management orother related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.IV. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
VI. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
| Type | Capital resources | Amount for entrust | Balance un-expired | Overdue amount |
| Bank financing product | Own funds | 8,000,000 | 0 | 0 |
| Bank financing product | Own funds | 2,000,000 | 0 | 0 |
| Bank financing product | Own funds | 3,000,000 | 0 | 0 |
| Bank financing product | Own funds | 4,000,000 | 0 | 0 |
| Bank financing product | Own funds | 5,000,000 | 0 | 0 |
| Bank financing product | Own funds | 4,000,000 | 0 | 0 |
| Bank financing product | Own funds | 10,000,000 | 0 | 0 |
| Bank financing product | Own funds | 4,000,000 | 0 | 0 |
| Bank financing product | Own funds | 5,000,000 | 0 | 0 |
| Bank financing product | Own funds | 5,000,000 | 0 | 0 |
| Total | 50,000,000 | 0 | 0 | |
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed:
□ Applicable √ Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Date | Method | Type of investors | Basic situation index of investigation |
| 2019-07-01 | Telephone communication | Individual | Getting the operation condition of the Company, promotion of the city renewal project and progress of the material lawsuits |
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company has no external security against the rules in the Period.
IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by SHENZHEN ZHONGHENG HUAFA CO., LTD
2019-10-25
In RMB
| Item | 2019-9-30 | 2018-12-31 |
| Current assets: | ||
| Monetary funds | 30,355,754.57 | 34,108,330.27 |
| Settlement provisions | ||
| Capital lent | ||
| Tradable financial assets | ||
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable | 28,890,039.60 | 69,185,516.71 |
| Account receivable | 151,728,246.20 | 116,797,834.51 |
| Receivable financing | ||
| Accounts paid in advance | 14,944,218.44 | 31,348,429.54 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 5,191,814.60 | 5,777,179.08 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 63,816,226.31 | 62,973,909.38 |
| Contractual assets | ||
| Assets held for sale |
| Non-current asset due within one year | ||
| Other current assets | 42,314.30 | 59,370.18 |
| Total current assets | 294,968,614.02 | 320,250,569.67 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Finance asset available for sales | ||
| Other debt investment | ||
| Held-to-maturity investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 49,385,075.16 | 50,681,322.86 |
| Fixed assets | 196,914,974.04 | 188,083,873.38 |
| Construction in progress | 5,727,760.23 | |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 43,527,890.29 | 41,815,689.74 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 367,865.11 | 542,116.99 |
| Deferred income tax asset | 6,691,381.17 | 6,829,856.59 |
| Other non-current asset | 289,550.00 | 3,158,964.00 |
| Total non-current asset | 297,176,735.77 | 296,839,583.79 |
| Total assets | 592,145,349.79 | 617,090,153.46 |
| Current liabilities: | ||
| Short-term loans | 120,966,605.20 | 161,568,657.88 |
| Loan from central bank | ||
| Capital borrowed |
| Transactional financial liability | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Note payable | 14,808,763.96 | 27,642,356.66 |
| Account payable | 81,859,139.88 | 60,975,306.43 |
| Accounts received in advance | 128,226.68 | 159,528.60 |
| Contractual liability | ||
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 4,718,417.05 | 4,700,208.36 |
| Taxes payable | 12,965,116.79 | 11,232,819.87 |
| Other account payable | 29,289,974.77 | 26,778,863.92 |
| Including: Interest payable | 8,071.32 | 439,558.70 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 264,736,244.33 | 293,057,741.72 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability |
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | ||
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 64,411.00 | 64,411.00 |
| Total liabilities | 264,800,655.33 | 293,122,152.72 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,587,271.50 | 146,587,271.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -179,795,397.29 | -183,172,091.01 |
| Total owner’ s equity attributable to parent company | 327,344,694.46 | 323,968,000.74 |
| Minority interests | ||
| Total owner’ s equity | 327,344,694.46 | 323,968,000.74 |
| Total liabilities and owner’ s equity | 592,145,349.79 | 617,090,153.46 |
Legal representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institution: Wu Aijie
2. Balance Sheet of Parent Company
In RMB
| Item | 2019-9-30 | 2018-12-31 |
| Current assets: | ||
| Monetary funds | 4,186,354.56 | 13,234,774.97 |
| Tradable financial assets | ||
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | ||
| Receivable financing | ||
| Accounts paid in advance | 53,050.00 | 153,050.00 |
| Other account receivable | 101,225,743.86 | 99,155,253.08 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Inventories | 14,806.50 | 14,806.50 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 17,055.88 | |
| Total current assets | 105,479,954.92 | 112,574,940.43 |
| Non-current assets: | ||
| Debt investment | ||
| Available-for-sale financial assets | ||
| Other debt investment | ||
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 186,608,900.00 | 186,608,900.00 |
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 25,468,401.72 | 26,374,703.70 |
| Fixed assets | 98,421,462.10 | 99,227,872.22 |
| Construction in progress | ||
| Productive biological assets |
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 4,589,945.67 | 4,698,654.96 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | 7,368,430.48 | 7,506,905.90 |
| Other non-current assets | ||
| Total non-current assets | 322,457,139.97 | 324,417,036.78 |
| Total assets | 427,937,094.89 | 436,991,977.21 |
| Current liabilities: | ||
| Short-term borrowings | 88,000,000.00 | 100,000,000.00 |
| Transactional financial liability | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable | ||
| Account payable | 9,740,367.33 | 10,745,840.16 |
| Accounts received in advance | 5,236.01 | 41,937.00 |
| Contractual liability | ||
| Wage payable | 820,979.02 | 1,020,979.02 |
| Taxes payable | 7,258,460.88 | 7,161,707.15 |
| Other accounts payable | 25,330,776.21 | 22,672,441.54 |
| Including: Interest payable | ||
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 131,155,819.45 | 141,642,904.87 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: preferred stock |
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long term employee compensation payable | ||
| Accrued liabilities | 64,411.00 | 64,411.00 |
| Deferred income | ||
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 64,411.00 | 64,411.00 |
| Total liabilities | 131,220,230.45 | 141,707,315.87 |
| Owners’ equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,587,271.50 | 146,587,271.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Special reserve | ||
| Surplus reserve | 77,391,593.25 | 77,391,593.25 |
| Retained profit | -210,423,227.31 | -211,855,430.41 |
| Total owner’s equity | 296,716,864.44 | 295,284,661.34 |
| Total liabilities and owner’s equity | 427,937,094.89 | 436,991,977.21 |
3. Consolidated Profit Statement (the period)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 209,822,500.84 | 148,975,383.05 |
| Including: Operating income | 209,822,500.84 | 148,975,383.05 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and |
| commission income | ||
| II. Total operating cost | 210,763,371.30 | 152,547,071.49 |
| Including: Operating cost | 189,516,582.40 | 137,929,089.05 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Tax and extras | 935,427.72 | 874,827.13 |
| Sales expense | 5,427,379.54 | 3,619,696.62 |
| Administrative expense | 11,289,287.85 | 10,353,738.68 |
| R&D expense | 1,810,336.10 | |
| Financial expense | 1,784,357.69 | -230,279.99 |
| Including: Interest expenses | 2,581,721.35 | 3,060,716.74 |
| Interest income | -125,377.00 | -124,684.95 |
| Add: other income | 590,800.00 | 785,000.00 |
| Investment income (Loss is listed with “-”) | 25,798.17 | 47,326.25 |
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) |
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | |
| Income from assets disposal (Loss is listed with “-”) | 5,741.55 | -45,557.91 |
| III. Operating profit (Loss is listed with “-”) | 235,370.94 | -2,784,920.10 |
| Add: Non-operating income | 789,674.24 | 320,268.43 |
| Less: Non-operating expense | 144,287.86 | 10,000.00 |
| IV. Total profit (Loss is listed with “-”) | 880,757.32 | -2,474,651.67 |
| Less: Income tax expense | 84,474.73 | 26,227.83 |
| V. Net profit (Net loss is listed with “-”) | 796,282.59 | -2,500,879.50 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 796,282.59 | -2,500,879.50 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 796,282.59 | -2,500,879.50 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk |
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | ||
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 796,282.59 | -2,500,879.50 |
| Total comprehensive income attributable to owners of parent Company | 796,282.59 | -2,500,879.50 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0028 | -0.0088 |
| (ii) Diluted earnings per share | 0.0028 | -0.0088 |
As for the business merger under the same control in the Period, 0 Yuan net profit realized before merger by the combined party, thenet profit for combined party in last period was 0 Yuan.
Legal representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institution: Wu Aijie
4. Profit Statement of Parent Company (the period)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 9,961,436.61 | 7,401,531.71 |
| Less: Operating cost | 2,069,605.63 | 1,795,342.70 |
| Taxes and surcharge | 391,785.64 | 267,744.93 |
| Sales expenses | ||
| Administration expenses | 5,609,016.68 | 5,251,598.46 |
| R&D expenses | ||
| Financial expenses | 2,148,813.04 | 2,318,899.00 |
| Including: interest expenses | 2,145,901.94 | 2,302,672.47 |
| Interest income | -2,564.86 | -2,645.81 |
| Add: other income | ||
| Investment income (Loss is listed with “-”) | ||
| Including: Investment income on affiliated Company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | |
| Income on disposal of assets (Loss is listed with “-”) | 970.87 | -26,592.13 |
| II. Operating profit (Loss is listed with “-”) | 297,088.17 | -2,258,645.51 |
| Add: Non-operating income | 717,590.27 | |
| Less: Non-operating expense | 103,732.84 | |
| III. Total Profit (Loss is listed with “-”) | 910,945.60 | -2,258,645.51 |
| Less: Income tax | 123,929.34 | -14,661.37 |
| IV. Net profit (Net loss is listed with “-”) | 787,016.26 | -2,243,984.14 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 787,016.26 | -2,243,984.14 |
| (ii) termination of net profit (net loss listed with ‘-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets |
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 787,016.26 | -2,243,984.14 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0028 | -0.0079 |
| (ii) Diluted earnings per share | 0.0028 | -0.0079 |
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 549,012,674.89 | 489,960,226.29 |
| Including: Operating income | 549,012,674.89 | 489,960,226.29 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 547,196,425.35 | 491,123,763.27 |
| Including: Operating cost | 487,096,790.74 | 440,512,068.49 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation |
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Tax and extras | 2,245,537.72 | 2,587,120.52 |
| Sales expense | 14,557,759.76 | 12,053,059.93 |
| Administrative expense | 30,906,279.24 | 30,754,724.10 |
| R&D expense | 5,537,328.96 | |
| Financial expense | 6,852,728.93 | 5,216,790.23 |
| Including: Interest expenses | 7,937,398.27 | 9,050,600.05 |
| Interest income | -544,713.28 | -474,543.54 |
| Add: other income | 590,800.00 | 785,000.00 |
| Investment income (Loss is listed with “-”) | 100,734.31 | 293,005.35 |
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | -8,432.50 | |
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | -5,941.50 |
| Income from assets disposal (Loss is listed with “-”) | 134,781.12 | -151,337.27 |
| III. Operating profit (Loss is listed with “-”) | 3,188,034.15 | -242,810.40 |
| Add: Non-operating income | 1,022,432.24 | 1,413,171.48 |
| Less: Non-operating expense | 145,387.86 | 182,806.76 |
| IV. Total profit (Loss is listed with “-”) | 4,065,078.53 | 987,554.32 |
| Less: Income tax expense | 688,384.81 | 490,059.24 |
| V. Net profit (Net loss is listed with “-”) | 3,376,693.72 | 497,495.08 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 3,376,693.72 | 497,495.08 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 3,376,693.72 | 497,495.08 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial |
| assets | ||
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 3,376,693.72 | 497,495.08 |
| Total comprehensive income attributable to owners of parent Company | 3,376,693.72 | 497,495.08 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0119 | 0.0018 |
| (ii) Diluted earnings per share | 0.0119 | 0.0018 |
As for the business merger under the same control in the Period, 0 Yuan net profit realized before merger by the combined party, thenet profit for combined party in last period was 0 Yuan.Legal representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institution: Wu Aijie
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 28,002,571.92 | 24,362,620.45 |
| Less: Operating cost | 5,241,637.22 | 4,305,861.52 |
| Taxes and surcharge | 953,846.69 | 852,759.55 |
| Sales expenses | ||
| Administration expenses | 14,633,411.18 | 16,386,453.83 |
| R&D expenses | ||
| Financial expenses | 6,572,512.09 | 7,207,553.05 |
| Including: interest expenses | 6,544,235.24 | 7,205,697.51 |
| Interest income | -12,502.96 | -24,668.47 |
| Add: other income | ||
| Investment income (Loss is listed with “-”) | ||
| Including: Investment income on affiliated Company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | |
| Income on disposal of assets (Loss is listed with “-”) | 970.87 | -26,592.13 |
| II. Operating profit (Loss is listed with “-”) | 1,156,037.29 | -4,416,599.63 |
| Add: Non-operating income | 718,890.27 | |
| Less: Non-operating expense | 103,732.84 | 131,247.82 |
| III. Total Profit (Loss is listed with “-”) | 1,771,194.72 | -4,547,847.45 |
| Less: Income tax | 338,991.62 | -459,637.00 |
| IV. Net profit (Net loss is listed with “-”) | 1,432,203.10 | -4,088,210.45 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 1,432,203.10 | -4,088,210.45 |
| (ii) termination of net profit (net loss listed with ‘-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | ||
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve |
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 1,432,203.10 | -4,088,210.45 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0051 | -0.0144 |
| (ii) Diluted earnings per share | 0.0051 | -0.0144 |
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 414,860,034.76 | 316,333,719.60 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received |
| Other cash received concerning operating activities | 14,532,454.74 | 12,106,490.64 |
| Subtotal of cash inflow arising from operating activities | 429,392,489.50 | 328,440,210.24 |
| Cash paid for purchasing commodities and receiving labor service | 269,022,454.37 | 261,946,585.36 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 48,855,955.01 | 49,957,977.58 |
| Taxes paid | 7,705,078.65 | 17,371,156.77 |
| Other cash paid concerning operating activities | 50,006,770.55 | 53,200,912.21 |
| Subtotal of cash outflow arising from operating activities | 375,590,258.58 | 382,476,631.92 |
| Net cash flows arising from operating activities | 53,802,230.92 | -54,036,421.68 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | ||
| Cash received from investment income | 100,725.72 | 293,005.35 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 321,800.00 | 967,002.00 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning | 50,000,000.00 | 119,000,000.00 |
| investing activities | ||
| Subtotal of cash inflow from investing activities | 50,422,525.72 | 120,260,007.35 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 7,773,184.27 | 10,633,271.22 |
| Cash paid for investment | ||
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 50,000,000.00 | 119,000,000.00 |
| Subtotal of cash outflow from investing activities | 57,773,184.27 | 129,633,271.22 |
| Net cash flows arising from investing activities | -7,350,658.55 | -9,373,263.87 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | ||
| Cash received from loans | 184,128,246.40 | 319,218,464.59 |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 184,128,246.40 | 319,218,464.59 |
| Cash paid for settling debts | 224,996,378.63 | 315,712,397.89 |
| Cash paid for dividend and profit distributing or interest paying | 8,351,111.69 | 7,630,076.84 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 233,347,490.32 | 323,342,474.73 |
| Net cash flows arising from financing | -49,219,243.92 | -4,124,010.14 |
| activities | ||
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 276,036.36 | -117,560.33 |
| V. Net increase of cash and cash equivalents | -2,491,635.19 | -67,651,256.02 |
| Add: Balance of cash and cash equivalents at the period -begin | 27,961,209.60 | 81,474,974.30 |
| VI. Balance of cash and cash equivalents at the period -end | 25,469,574.41 | 13,823,718.28 |
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 20,170,963.62 | 25,983,655.00 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 115,634,867.63 | 108,279,703.54 |
| Subtotal of cash inflow arising from operating activities | 135,805,831.25 | 134,263,358.54 |
| Cash paid for purchasing commodities and receiving labor service | ||
| Cash paid to/for staff and workers | 2,647,115.02 | 2,681,972.90 |
| Taxes paid | 1,683,890.02 | 3,960,136.96 |
| Other cash paid concerning operating activities | 122,196,203.72 | 123,071,047.66 |
| Subtotal of cash outflow arising from operating activities | 126,527,208.76 | 129,713,157.52 |
| Net cash flows arising from operating activities | 9,278,622.49 | 4,550,201.02 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering |
| investment | ||
| Cash received from investment income | ||
| Net cash received from disposal of fixed, intangible and other long-term assets | 82,000.00 | |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 82,000.00 | |
| Cash paid for purchasing fixed, intangible and other long-term assets | 5,412.95 | 1,126,400.00 |
| Cash paid for investment | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 5,412.95 | 1,126,400.00 |
| Net cash flows arising from investing activities | -5,412.95 | -1,044,400.00 |
| III. Cash flows arising from financing activities: | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 90,000,000.00 | 200,000,000.00 |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 90,000,000.00 | 200,000,000.00 |
| Cash paid for settling debts | 102,000,000.00 | 217,079,416.68 |
| Cash paid for dividend and profit distributing or interest paying | 6,544,235.24 | 6,161,298.54 |
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing | 108,544,235.24 | 223,240,715.22 |
| activities | ||
| Net cash flows arising from financing activities | -18,544,235.24 | -23,240,715.22 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 1,567.34 | |
| V. Net increase of cash and cash equivalents | -9,271,025.70 | -19,733,346.86 |
| Add: Balance of cash and cash equivalents at the period -begin | 12,024,179.58 | 25,181,764.87 |
| VI. Balance of cash and cash equivalents at the period -end | 2,753,153.88 | 5,448,418.01 |
II. Financial statement adjustment
1. Relevant items of the financial statement at beginning of the year when implementing the new financialinstrument standards, new revenue standards or new leasing standards since 2019
□ Applicable √ Not applicable
2. Explanation on comparative data in the early stage of retroactive adjustment while implemented the newfinancial instrument standards or new leasing standards since 2019
□ Applicable √ Not applicable
III. Audit report
Whether the 3
rdquarterly report has been audited or not
□Yes √ No
The 3rdquarterly report of the Company has not been audited.