FIYTA HOLDINGS LTD.
2019 Third Quarterly Report
October, 2019
Section 1 Important Notice
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individually andcollectively accept responsibility for the correctness, accuracy and completeness of the contents of this report and confirmthat there are neither material omissions nor errors which would render any statement misleading.All the directors attended the board meeting for reviewing the Quarterly Report.Huang Yongfeng, the Company leader, Chen Zhuo, chief financial officer, and Tian Hui, the manager of the accountingdepartment (treasurer) hereby confirm the authenticity and completeness of the financial report enclosed in this QuarterlyReport.
Section 2 Company ProfileI. Summary of Accounting/Financial DataDoes the Company need to make retroactive adjustment or restatement of the accounting data of the previous yearsNo
| End of the reporting period | End of the previous year | Increase/decrease at the end of the year over the end of the previous year | ||||
| Total assets (in CNY) | 3,704,836,450.65 | 3,599,691,650.26 | 2.92% | |||
| Net profit attributable to the Company’s shareholders, in CNY | 2,628,844,794.49 | 2,570,134,782.90 | 2.28% | |||
| Reporting period | Year-on-year increase/decrease in the reporting period | From the year beginning to the end of the reporting period | Decrease/Increase of the end of the reporting period over the end of the previous year | |||
| Revenue in CNY | 954,666,662.24 | 9.88% | 2,739,702,682.47 | 6.82% | ||
| Net profit attributable to the Company’s shareholders, in CNY | 55,235,304.47 | 9.83% | 178,730,765.38 | 9.88% | ||
| Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY | 55,447,049.05 | 14.51% | 169,074,195.74 | 14.10% | ||
| Net cash flows arising from operating activities, in CNY | -- | -- | 304,727,914.51 | 4.87% | ||
| Basic earning per share (CNY/share) | 0.1251 | 9.16% | 0.4039 | 8.96% | ||
| Diluted earning per share (CNY/share) | 0.1251 | 9.16% | 0.4039 | 8.96% | ||
| Return on equity, weighted average | 2.05% | -2.06% | 6.74% | 2.90% | ||
Non-recurring gain/loss items and the amount
In CNY
| Items | Amount from the year beginning to the end of the reporting period | Note |
| Gain/loss from disposal of non-current assets, including the part offset from the provision for impairment of assets. | -883,236.65 | |
| The government subsidies included in the profits and losses of the current period ( (excluding government grants which are closely related to the Company’s business and conform with the national standard amount or quantity) | 13,366,923.67 |
| Other non-operating income and expenses other than the aforesaid items | -194,635.08 | |
| Less: Amount affected by the income tax | 2,632,482.30 | |
| Total | 9,656,569.64 | -- |
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on InformationDisclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses and its non-recurringgain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offeringtheir Securities to the Public – Non-recurring Gains and Losses which have been defined as recurring gains and losses, itis necessary to explain the reason.InapplicableII. Statement of total shareholders and shares held by the top 10 shareholders by the end of the reporting period
1. Statement of total ordinary shareholders and the preferred shareholders with voting power recovered and theshareholding by the top 10 shareholders
In shares
| Total common shareholders at the end of the reporting period | 32,680 | Total preference shareholders with the voting power recovered at the end of the reporting period (if any) | 0 | |||||
| Shareholding by top 10 shareholders | ||||||||
| Names of the Shareholders | Nature of the shareholder | Shareholding proportion | Shareholding quantity | Number of the restricted shares held | Pledging or freezing | |||
| Status of the shares | Quantity | |||||||
| AVIC International Holding Limited | State corporate | 36.79% | 162,977,327 | 0 | ||||
| #Yang Zugui | Domestic natural person | 4.07% | 18,013,506 | 0 | ||||
| Chongqing International Trust Co., Ltd. - YUXIN No. 2 Trust | Domestic natural person | 1.06% | 4,695,982 | 0 | ||||
| Jilin Risheng Investment Management Co., Ltd. - RISHENG FEIYUE DIANFENG Phase I Private-Placement Securities | Domestic non-state-owned corporate | 0.70% | 3,113,430 | 0 | ||||
| Investment Fund | ||||||
| National Social Security Fund 114 Portfolio | State-owned legal person | 0.62% | 2,754,493 | 0 | ||
| Shenzhen Heli Fengyuan Commerce & Trade Co., Ltd. | Domestic non-state-owned legal person | 0.61% | 2,704,000 | 0 | ||
| # Zhao Ce | Domestic natural person | 0.30% | 1,333,300 | 0 | ||
| Vanguard Investment Australia Ltd. - Vanguard Emerging Market Stock Index Fund (Stock Exchange) | Domestic non-state-owned legal person | 0.27% | 1,190,485 | 0 | ||
| Ma Xinting | Domestic natural person | 0.26% | 1,150,000 | 0 | ||
| CHINA MERCHANTS SECURITIES HK CO. LTD. | Overseas legal person | 0.20% | 904,371 | 0 | ||
| Shares held by top 10 shareholders of unrestricted shares | ||||||
| Names of the Shareholders | Quantity of unrestricted shares held a | Share type | ||||
| Share type | Quantity | |||||
| AVIC International Holding Limited | 162,977,327 | CNY ordinary shares | 162,977,327 | |||
| #Yang Zugui | 18,013,506 | CNY ordinary shares | 18,013,506 | |||
| Chongqing International Trust Co., Ltd. - YUXIN No. 2 Trust | 4,695,982 | CNY ordinary shares | 4,695,982 | |||
| Jilin Risheng Investment Management Co., Ltd. - RISHENG FEIYUE DIANFENG Phase I Private-Placement Securities Investment Fund | 3,113,430 | CNY ordinary shares | 3,113,430 | |||
| National Social Security Fund 114 Portfolio | 2,754,493 | CNY ordinary shares | 2,754,493 | |||
| Shenzhen Heli Fengyuan Commerce & | 2,704,000 | CNY ordinary | 2,704,000 | |||
| Trade Co., Ltd. | shares | ||
| # Zhao Ce | 1,333,300 | CNY ordinary shares | 1,333,300 |
| Vanguard Investment Australia Ltd. - Vanguard Emerging Market Stock Index Fund (Stock Exchange) | 1,190,485 | CNY ordinary shares | 1,190,485 |
| Ma Xinting | 1,150,000 | CNY ordinary shares | 1,150,000 |
| CHINA MERCHANTS SECURITIES HK CO. LTD. | 904,371 | Foreign invested shares listed in Mainland China | 904,371 |
| Explanation on associated relationship or consistent action of the above shareholders | Inapplicable | ||
| Note to the top 10 shareholders involved in margin financing & securities lending (if any) | Inapplicable | ||
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractualrepurchase during the reporting period?No
2. Total preferred shareholders and the shares held by the top 10 preferred shareholdersInapplicable
Section 3 Significant EventsI. Changes of the major financial data and financial indicators during the reporting period and the causes(I) Balance sheet items
| Items | Ending balance | Opening balance | Variation proportion | Cause of the movement |
| Monetary capital | 271,288,310.87 | 164,828,059.97 | 64.59% | Mainly due to net flow-in from operating activities |
| Advance payments | 25,118,168.82 | 13,666,816.33 | 83.79% | Mainly due to increase of advance payment for purchase of accessories |
| Other receivables | 63,638,680.84 | 45,870,582.26 | 38.74% | Mainly due to increase of the deposit for shopping mail, etc. |
| Advance receipts | 32,519,488.14 | 16,459,445.00 | 97.57% | Mainly due to increase of the advance payment received |
| Other payables | 122,637,010.50 | 71,819,930.30 | 70.76% | Mainly due to the increase of the equity incentive money payable to employees, refurbishment deposit and the down payment for lease. |
| Other comprehensive income | -1,354,800.31 | -5,442,139.78 | 75.11% | Mainly due to movement of the translation reserve |
(II) Items of the profit statement in the reporting period
| Items | Amount incurred in the reporting period | Amount incurred in the previous period | Variation proportion | Cause of the movement |
| Other income | 321,181.31 | 2,360,867.19 | -86.40% | Mainly due to the decrease of government subsidies received in the reporting period. |
| Loss from impairment of credit | -5,221,223.17 | -2,676,174.68 | -95.10% | Mainly due to the increase of the provision for bad debt during the reporting period. |
| Loss from impairment of assets | -298,243.29 | 2,407,321.13 | -112.39% | Mainly due to the partial inventory assets being written off after clearing in the previous period. |
| Income from disposal of assets | -671,226.52 | -12,324.44 | -5346.30% | Mainly due to increase of the loss arising from disposal of equipment in the reporting period. |
| Net of other comprehensive income after tax | 2,338,089.70 | 9,644,276.18 | -75.76% | Mainly due to movement of the translation difference of the foreign currency statements in the reporting period. |
(III) Items of the profit statement from the year beginning to the end of the reporting period
| Items | Amount incurred in the reporting period | Amount incurred in the previous period | Variation proportion | Cause of the movement |
| Other income | 13,366,923.67 | 8,857,885.99 | 50.90% | Mainly due to the increase of the government subsidies received in the reporting period |
| Return on investment | 1,531,310.06 | 93,013.38 | 1546.33% | Mainly due to the influence from the profit increase of Shanghai Watch Industry in the current year. |
| Loss from impairment of credit | -8,302,992.06 | 2,502,625.73 | -431.77% | Mainly due to increase of provision of the accounts receivable from some customers in the current year. |
| Loss from impairment of assets | 2,216,497.57 | 641,520.83 | 245.51% | Mainly due to increase of partial inventory assets written off after clearing in the current year. |
| Income from disposal of assets | -883,236.65 | -66,731.60 | -1223.57% | Mainly due to the increase of the loss arising from the disposal of equipment in the current year. |
| Net of other comprehensive income after tax | 4,087,510.57 | 8,251,321.19 | -50.46% | Mainly due to the movement of the translation difference of the foreign currency statements in the current year. |
(IV) Items of the cash flow statement from the year beginning to the end of the reporting period
| Items | Amount incurred in the reporting period | Amount incurred in the previous period | Variation proportion | Cause of the movement |
| Other operation activity related cash receipts | 62,653,660.31 | 34,995,312.97 | 79.03% | Mainly due to the increase of the government subsidy and down payment for lease received in the current year. |
| Cash paid for purchase/construction of fixed assets, intangible assets and other long term assets | 120,991,258.41 | 88,993,938.27 | 35.95% | Mainly due to increase of the project payment of FIYTA Watch Building in the current year. |
| Net cash flow arising from financing activities | -77,815,694.22 | -191,101,925.83 | 59.28% | Mainly due to the decrease of the bank loans over the same period of the previous year in the current year. |
| Net increase of cash and cash equivalents | 106,460,250.90 | 11,243,794.77 | 846.84% | Mainly due to the decrease of the bank loans over the same period of the previous year in the current year. |
II. Progress of significant events, their effects and analysis on the solutions
1. Appointment of deputy GMs of the Company
The 11th session of the Ninth Board of Directors held on September 29, 2019 reviewed and approved the Proposal onAppointment of Deputy GMs of the Company decided to appoint Mr. Tang Haiyuan and Mr. Xu Chuangyue as deputy GMsof the Company with the tenure from the date when the said Board meeting to the date when the Ninth Board of Directorsends. For the detail, refer to the Announcement on the Resolution of the 11th Session of the Ninth Board of Directors No.2019-047 disclosed on the Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn.
2. Change of the controlling shareholder’s equity
On October 2, 2019, the Company received a notice from AVIC International Holdings Limited, the Company’s controllingshareholder, according to which AVIC International Holding Corporation, AVIC International Shenzhen Company Limitedand AVIC International Holdings Limited are going to be merged. After the merging, AVIC International HoldingCorporation shall directly hold 162,977,327 shares in the Company (taking 36.79% of the Company's total shares) andbecome the controlling shareholder of the Company. For the detail, refer to the Indicative Announcement on the
Movement of the Equity of the Controlling Shareholder No. 2019-049 and the Acquisition Report, Summary 2019-050published on the Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn.
3. Replacement of the Accounting Firm
The 12th session of the Ninth Board of Directors held on October 16, 2019 reviewed and approved the Proposal on theReplacement of the Accounting Firm is going to appoint Grant Thornton Certified Public Accountants (Special GeneralPartnership) as the Company’s auditor of the Financial Report 2019 and the internal control to replace Ruihua CertifiedPublic Accountants (Special General Partnership) for a term of one year. The said proposal on the replacement of theaccounting firm is subject to review and approval of the General Meeting. For the detail, refer to the Announcement on theResolution of the 12th Session of the Ninth Board of Directors No. 2019-052 and the Announcement on the Replacementof the Accounting Firm No. 2019-055 disclosed on the Securities Times, Hong Kong Commercial Daily andwww.cninfo.com.cn.
| General on Significant Events | Date of disclosure | Inquiry index of the provisional reports disclosed in the website. |
| Appointment of deputy GMs of the Company | October 8, 2019 | www.cninfo.com.cn |
| Change of the controlling shareholder’s equity | October 8, 2019 | www.cninfo.com.cn |
| Replacement of the Accounting Firm | October 18, 2019 | www.cninfo.com.cn |
Progress of implementation of the stock repurchaseThe 7th session of the Ninth Board of Directors held on April 4, 2019 and 2019 2nd Extraordinary General Meeting held onApril 23, 2019, reviewed and approved the “Proposal for the Repurchase of Partial Domestically Listed Foreign Shares inthe Company (B-shares), and subsequently the Company disclosed the repurchase report and published a series ofannouncements on the progress in accordance with relevant regulations. For detail of the above, please refer to therelevant announcements disclosed by the Company in the Securities Times, Hong Kong Commercial Daily andwww.cninfo.com.cn.
As at the end of the reporting period, the Company repurchased 7,420,000 shares in the Company by way of centralizedbidding, accounting for 1.68% of the Company's total capital stock; the highest transaction price of the repurchasedshares was HK$6.29 per share, and the lowest transaction price was HK$5.71/share, the total amount paid has beenHK$44,698,010.62 (excluding transaction fees such as stamp duty, commission, etc.) The Company’s repurchase of theshares was in compliance with the relevant laws and regulations and in line with the Company's established repurchaseprogram.
Progress of implementation of reduction of the holding size of the shares repurchased by centralized biddingInapplicableIII. Commitments unfinished in implementation by the Company's actual controller, shareholders, related parties,acquirer and the Company, etc. in the reporting periodInapplicable
IV. Portfolio investmentInapplicableV. Entrusted financial managementInapplicableVI. Investment in derivativesInapplicableVII. Registration Form of Activities of Reception for Investigation and Survey, Communications, Interviews, etc.in the Reporting Period
| Time of Reception | Way of Reception | Types of Visitors Received | Index of Basic Information on the Investigation and Survey |
| June 21, 2019 | Field survey | Institution | https://view.officeapps.live.com/op/view.aspx?src=http%3A%2F%2Fstatic.cninfo.com.cn%2Ffinalpage%2F2019-06-21%2F1206378240.doc |
VIII. Outward guarantee against regulationsInapplicableIX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related PartiesInapplicable
Section 4. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA HOLDINGS LTD.
September 30, 2019
In CNY
| Items | September 30, 2019 | December 31, 2018 |
| Current assets: | ||
| Monetary capital | 271,288,310.87 | 164,828,059.97 |
| Settlement reserve | ||
| Inter-bank lending | ||
| Transactional financial assets | ||
| The financial assets measured at fair values with the movement recorded in the current profit and loss | ||
| Derivative financial assets | ||
| Notes receivable | 8,579,544.25 | 7,051,846.85 |
| Accounts receivable | 464,186,760.60 | 370,545,656.61 |
| Financing with accounts receivable | ||
| Advance payments | 25,118,168.82 | 13,666,816.33 |
| Receivable premium | ||
| Reinsurance accounts receivable | ||
| Reserve for reinsurance contract receivable | ||
| Other receivables | 63,638,680.84 | 45,870,582.26 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 1,728,079,853.96 | 1,782,306,301.70 |
| Contract assets | ||
| Held-for-sale assets | ||
| Non-current assets due within a year | ||
| Other current assets | 50,582,844.18 | 73,703,312.24 |
| Total current assets | 2,611,474,163.52 | 2,457,972,575.96 |
| Non-current assets: | ||
| Loan issuing and advance in cash | ||
| Equity investment | ||
| Available-for-sale financial assets | 85,000.00 | |
| Other equity investment | ||
| Held-to-due investments | ||
| Long term accounts receivable | ||
| Long-term equity investment | 46,412,373.21 | 44,881,063.15 |
| Investment in other equity instruments | 85,000.00 | |
| Other non-current financial assets | ||
| Investment-oriented real estate | 367,041,116.02 | 377,319,433.03 |
| Fixed assets | 410,733,800.54 | 425,649,562.85 |
| Construction-in-process | 12,084,044.31 | 12,041,126.00 |
| Productive biological asset | ||
| Oil and gas assets | ||
| Use right assets | ||
| Intangible assets | 40,179,474.89 | 43,545,477.61 |
| Development expenses | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 140,586,304.97 | 128,572,545.15 |
| Deferred income tax asset | 68,491,284.50 | 100,675,706.09 |
| Other non-current assets | 7,748,888.69 | 8,949,160.42 |
| Total non-current assets | 1,093,362,287.13 | 1,141,719,074.30 |
| Total assets | 3,704,836,450.65 | 3,599,691,650.26 |
| Current liabilities: | ||
| Short term borrowings | 597,194,855.00 | 547,118,452.97 |
| Borrowings from central bank | ||
| Loans from other banks | ||
| Transactional financial liabilities | ||
| The financial liabilities measured at fair value with the movement recorded in the current profit and loss | ||
| Derivative financial liabilities | ||
| Notes payable |
| Accounts payable | 224,934,639.44 | 259,913,612.34 |
| Advance receipts | 32,519,488.14 | 16,459,445.00 |
| Contract liabilities | ||
| Income from sale of the repurchased financial assets | ||
| Deposits taking and interbank placement | ||
| Acting trading securities | ||
| Income from securities underwriting on commission | ||
| Payroll payable to the employees | 60,959,284.60 | 69,779,037.83 |
| Taxes payable | 29,309,694.13 | 55,923,171.92 |
| Other payables | 122,637,010.50 | 71,819,930.30 |
| Including: interest payable | 683,995.81 | 772,351.26 |
| Dividends payable | 848,233.27 | |
| Service charge and commission payable | ||
| Payable reinsurance | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within a year | 359,085.00 | 347,470.00 |
| Other current liabilities | ||
| Total current liabilities | 1,067,914,056.81 | 1,021,361,120.36 |
| Non-current liabilities: | ||
| Reserve for insurance contract | ||
| Long-term borrowings | 4,398,791.25 | 4,517,110.00 |
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term accounts payable | ||
| Long term payroll payable to the employees | ||
| Estimated liabilities | ||
| Deferred income | 3,672,855.36 | 3,672,855.36 |
| Deferred income tax liability |
| Other non-current liabilities | ||
| Total non-current liabilities | 8,071,646.61 | 8,189,965.36 |
| Total liabilities | 1,075,985,703.42 | 1,029,551,085.72 |
| Owner’s equity: | ||
| Capital stock | 442,968,881.00 | 438,744,881.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Capital Reserve | 1,080,169,139.92 | 1,062,455,644.22 |
| Less: shares in stock | 58,296,753.93 | |
| Other comprehensive income | -1,354,800.31 | -5,442,139.78 |
| Special reserve | ||
| Surplus Reserve | 223,015,793.80 | 223,015,793.80 |
| Reserve against general risks | ||
| Retained earnings | 942,342,534.01 | 851,360,603.66 |
| Total owners’ equity attributable to the parent company | 2,628,844,794.49 | 2,570,134,782.90 |
| Minority shareholders’ equity | 5,952.74 | 5,781.64 |
| Total owner’s equity | 2,628,850,747.23 | 2,570,140,564.54 |
| Total liabilities and owners’ equity | 3,704,836,450.65 | 3,599,691,650.26 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
2. Balance Sheet (Parent Company)
In CNY
| Items | September 30, 2019 | December 31, 2018 |
| Current assets: | ||
| Monetary capital | 237,805,946.54 | 137,175,466.27 |
| Transactional financial assets | ||
| The financial assets measured at fair values with the movement recorded in the current profit and loss | ||
| Derivative financial assets | ||
| Notes receivable |
| Accounts receivable | 1,315,441.42 | 737,636.38 |
| Financing with accounts receivable | ||
| Advance payments | ||
| Other receivables | 715,417,118.69 | 870,739,378.37 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Inventories | ||
| Contract assets | ||
| Held-for-sale assets | ||
| Non-current assets due within a year | ||
| Other current assets | 11,905,552.90 | 10,081,272.94 |
| Total current assets | 966,444,059.55 | 1,018,733,753.96 |
| Non-current assets: | ||
| Equity investment | ||
| Available-for-sale financial assets | 85,000.00 | |
| Other equity investment | ||
| Held-to-due investments | ||
| Long term accounts receivable | ||
| Long-term equity investment | 1,377,660,964.14 | 1,376,129,654.08 |
| Investment in other equity instruments | 85,000.00 | |
| Other non-current financial assets | ||
| Investment-oriented real estate | 288,822,074.17 | 297,042,937.87 |
| Fixed assets | 286,433,080.00 | 297,517,472.81 |
| Construction-in-process | 12,084,044.31 | 12,041,126.00 |
| Productive biological asset | ||
| Oil and gas assets | ||
| Use right assets | ||
| Intangible assets | 32,020,389.78 | 35,337,052.82 |
| Development expenses | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 12,909,543.98 | 4,500,638.97 |
| Deferred income tax asset | 969,058.32 | 952,857.33 |
| Other non-current assets | 573,432.10 | 4,493,971.35 |
| Total non-current assets | 2,011,557,586.80 | 2,028,100,711.23 |
| Total assets | 2,978,001,646.35 | 3,046,834,465.19 |
| Current liabilities: | ||
| Short term borrowings | 570,000,000.00 | 505,000,000.00 |
| Transactional financial liabilities | ||
| The financial liabilities measured at fair value with the movement recorded in the current profit and loss | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Accounts payable | 26,373,981.14 | 52,324,191.98 |
| Advance receipts | 6,089,599.26 | 1,636,520.02 |
| Contract liabilities | ||
| Payroll payable to the employees | 12,564,028.22 | 11,589,634.34 |
| Taxes payable | 3,589,470.60 | 943,919.26 |
| Other payables | 60,682,343.34 | 57,997,397.28 |
| Including: interest payable | 611,963.91 | 685,419.80 |
| Dividends payable | 848,233.27 | |
| Held-for-sale liabilities | ||
| Non-current liabilities due within a year | ||
| Other current liabilities | ||
| Total current liabilities | 679,299,422.56 | 629,491,662.88 |
| Non-current liabilities: | ||
| Long-term borrowings | ||
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term accounts payable | ||
| Long term payroll payable to the employees | ||
| Estimated liabilities | ||
| Deferred income | 3,672,855.36 | 3,672,855.36 |
| Deferred income tax liability | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 3,672,855.36 | 3,672,855.36 |
| Total liabilities | 682,972,277.92 | 633,164,518.24 |
| Owner’s equity: | ||
| Capital stock | 442,968,881.00 | 438,744,881.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Capital Reserve | 1,085,824,681.02 | 1,068,111,185.32 |
| Less: shares in stock | 58,296,753.93 | |
| Other comprehensive income | ||
| Special reserve | ||
| Surplus Reserve | 223,015,793.80 | 223,015,793.80 |
| Retained earnings | 601,516,766.54 | 683,798,086.83 |
| Total owner’s equity | 2,295,029,368.43 | 2,413,669,946.95 |
| Total liabilities and owners’ equity | 2,978,001,646.35 | 3,046,834,465.19 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
3. Consolidated profit statement in the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Turnover | 954,666,662.24 | 868,796,654.10 |
| Including: operating income | 954,666,662.24 | 868,796,654.10 |
| Interest income | ||
| Earned insurance premium | ||
| Service charge and commission income | ||
| II. Total operating costs | 876,598,070.04 | 805,417,150.88 |
| Including: Operating costs | 564,943,912.45 | 505,885,393.78 |
| Interest payment | ||
| Service charge and commission payment | ||
| Surrender Value | ||
| Compensation expenses, net | ||
| Appropriation of deposit for duty, |
| net | ||
| Payment of policy dividend | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 6,936,197.27 | 7,454,053.56 |
| Sales costs | 223,791,184.02 | 214,879,689.40 |
| . Administrative expenses | 58,166,098.53 | 56,100,640.10 |
| R & D expenditures | 14,631,757.35 | 11,955,136.46 |
| Financial expenses | 8,128,920.42 | 9,142,237.58 |
| Where: Interest cost | 6,261,557.28 | 6,789,639.39 |
| Interest income | 646,724.70 | 643,817.82 |
| Plus: Other income | 321,181.31 | 2,360,867.19 |
| Investment income (loss is stated with “-”) | ||
| Including: return on investment in associate and joint venture | ||
| Income from the derecognition of the financial assets measured at amortised cost | ||
| Exchange income (loss stated with “-“) | ||
| Net exposure hedge income (loss stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) | ||
| Loss from impairment of credit (loss is stated with “-”) | -5,221,223.17 | -2,676,174.68 |
| Loss from impairment of assets (loss is stated with “-”) | -298,243.29 | 2,407,321.13 |
| Income from disposal of assets (loss is stated with “-“) | -671,226.52 | -12,324.44 |
| III. Operating Profit (loss is stated with “-“) | 72,199,080.53 | 65,459,192.42 |
| Plus: Non-operating income | 194,829.48 | 190,581.65 |
| Less: non-operating expenditures | 159,270.28 | 88,215.28 |
| IV. Total profit (total loss is stated with “-”) | 72,234,639.73 | 65,561,558.79 |
| Less: Income tax expense | 16,999,335.26 | 15,268,385.96 |
| V. Net Profit (net loss is stated with “-“) | 55,235,304.47 | 50,293,172.83 |
| (I) Classification based on operation |
| sustainability | ||
| 1. Net Profit from sustainable operation (net loss is stated with “-”) | 55,235,304.47 | 50,293,172.83 |
| 2. Net Profit from termination of operation (net loss is stated with “-”) | ||
| (II) Classification by ownership | ||
| 1. Net profit attributable to the parent company’s owner | 55,235,304.47 | 50,293,172.83 |
| 2. Minority shareholders’ gain/loss | ||
| VI. Net of other comprehensive income after tax | 2,338,089.70 | 9,644,276.18 |
| Net of other comprehensive income after tax attributable to the parent company’s owner | 2,337,932.27 | 9,643,950.34 |
| (I) Other comprehensive income which cannot be re-classified into gain and loss | ||
| 1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
| 2. Other comprehensive income which cannot be converted into gain and loss based on the equity method | ||
| 3. Movement of the fair value of the investment in other equity instruments | ||
| 4. Movement of the fair value of the Company’s own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income which shall be re-classified into gain and loss | 2,337,932.27 | 9,643,950.34 |
| 1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
| 2. Movement of the fair value of the investment in other debt instruments | ||
| 3. Gain/loss from change in the fair value of the financial assets available for sale | ||
| 4. Amount of the reclassified financial assets counted to the other |
| comprehensive income | ||
| 5. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
| 6. Provision for impairment of the credit of the other debt investment | ||
| 7. Reserve for cash flow hedge | ||
| 8. Conversion difference in foreign currency statements | 2,337,932.27 | 9,643,950.34 |
| 9. Others | ||
| Net amount of other comprehensive income after tax attributable to minority shareholders | 157.43 | 325.84 |
| VII. Total comprehensive income | 57,573,394.17 | 59,937,449.01 |
| Total comprehensive income attributable to the parent company’s owner | 57,573,236.74 | 59,937,123.17 |
| Total comprehensive income attributable to minority shareholders | 157.43 | 325.84 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | 0.1251 | 0.1146 |
| (II) Diluted earnings per share | 0.1251 | 0.1146 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
4. Profit statement of the parent company in the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Revenue | 33,546,911.62 | 28,462,045.84 |
| Less: Operating cost | 5,542,524.31 | 3,966,158.08 |
| Taxes and surcharges | 1,069,002.12 | 1,077,631.80 |
| Sales costs | 309,531.74 | |
| . Administrative expenses | 19,357,558.70 | 16,788,796.26 |
| R & D expenditures | 3,775,597.88 | 5,939,757.96 |
| Financial expenses | 2,197,814.39 | 3,246,486.94 |
| Where: Interest cost | 2,484,924.80 | 3,063,446.70 |
| Interest income | 581,627.16 | 572,936.96 |
| Plus: Other income | 17,728.76 | 1,523,301.89 |
| Investment income (loss is stated with “-”) | ||
| Including: return on investment in associate and joint venture | ||
| Income from the derecognition of the financial assets measured at amortised cost | ||
| Net exposure hedge income (loss stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) | ||
| Loss from impairment of credit (loss is stated with “-”) | ||
| Loss from impairment of assets (loss is stated with “-”) | ||
| Income from disposal of assets (loss is stated with “-“) | -644,966.93 | |
| II. Operating Profit (loss is stated with “-“) | 667,644.31 | -1,033,483.31 |
| Plus: Non-operating income | 22,200.00 | |
| Less: non-operating expenditures | 10,174.24 | 0.90 |
| III. Total profit (total loss is stated with “-“) | 679,670.07 | -1,033,484.21 |
| Less: Income tax expense | 364,641.77 | |
| IV. Net Profit (net loss is stated with “-“) | 315,028.30 | -1,033,484.21 |
| (I) Net Profit from sustainable operation (net loss is stated with “-”) | 315,028.30 | -1,033,484.21 |
| (II) Net Profit from termination of operation (net loss is stated with “-”) | ||
| V. Net of other comprehensive income after tax | ||
| (I) Other comprehensive income which cannot be re-classified into gain and loss | ||
| 1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
| 2. Other comprehensive income which cannot be converted into gain and loss based on the equity method |
| 3. Movement of the fair value of the investment in other equity instruments | ||
| 4. Movement of the fair value of the Company’s own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income which shall be re-classified into gain and loss | ||
| 1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
| 2. Movement of the fair value of the investment in other debt instruments | ||
| 3. Gain/loss from change in the fair value of the financial assets available for sale | ||
| 4. Amount of the reclassified financial assets counted to the other comprehensive income | ||
| 5. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
| 6. Provision for impairment of the credit of the other debt investment | ||
| 7. Reserve for cash flow hedge | ||
| 8. Conversion difference in foreign currency statements | ||
| 9. Others | ||
| VI. Total comprehensive income | 315,028.30 | -1,033,484.21 |
| VII. Earnings per share: | ||
| (I) Basic earnings per share | 0.0007 | -0.0024 |
| (II) Diluted earnings per share | 0.0007 | -0.0024 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
5. Consolidated Profit Statement from year beginning to the end of the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Turnover | 2,739,702,682.47 | 2,564,688,086.82 |
| Including: operating income | 2,739,702,682.47 | 2,564,688,086.82 |
| Interest income | ||
| Earned insurance premium | ||
| Service charge and commission income | ||
| II. Total operating costs | 2,511,091,261.78 | 2,365,322,824.55 |
| Including: Operating costs | 1,616,447,987.67 | 1,482,211,130.13 |
| Interest payment | ||
| Service charge and commission payment | ||
| Surrender Value | ||
| Compensation expenses, net | ||
| Appropriation of deposit for duty, net | ||
| Payment of policy dividend | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 22,031,072.60 | 25,244,839.99 |
| Sales costs | 639,567,212.97 | 636,992,731.09 |
| . Administrative expenses | 174,518,933.95 | 160,343,031.79 |
| R & D expenditures | 34,158,168.28 | 33,241,062.48 |
| Financial expenses | 24,367,886.31 | 27,290,029.07 |
| Where: Interest cost | 18,285,401.21 | 21,062,682.52 |
| Interest income | 1,555,575.62 | 1,723,404.90 |
| Plus: Other income | 13,366,923.67 | 8,857,885.99 |
| Investment income (loss is stated with “-”) | 1,531,310.06 | 93,013.38 |
| Including: return on investment in associate and joint venture | 1,531,310.06 | 93,013.38 |
| Income from the derecognition of the financial assets measured at amortised cost | ||
| Exchange income (loss stated with “-“) | ||
| Net exposure hedge income (loss |
| stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) | ||
| Loss from impairment of credit (loss is stated with “-”) | -8,302,992.06 | 2,502,625.73 |
| Loss from impairment of assets (loss is stated with “-”) | 2,216,497.57 | 641,520.83 |
| Income from disposal of assets (loss is stated with “-“) | -883,236.65 | -66,731.60 |
| III. Operating Profit (loss is stated with “-“) | 236,539,923.28 | 211,393,576.60 |
| Plus: Non-operating income | 489,141.18 | 554,441.16 |
| Less: non-operating expenditures | 683,776.26 | 554,737.81 |
| IV. Total profit (total loss is stated with “-”) | 236,345,288.20 | 211,393,279.95 |
| Less: Income tax expense | 57,614,522.82 | 48,732,185.68 |
| V. Net Profit (net loss is stated with “-“) | 178,730,765.38 | 162,661,094.27 |
| (I) Classification based on operation sustainability | ||
| 1. Net Profit from sustainable operation (net loss is stated with “-”) | 178,730,765.38 | 162,661,094.27 |
| 2. Net Profit from termination of operation (net loss is stated with “-”) | ||
| (II) Classification by ownership | ||
| 1. Net profit attributable to the parent company’s owner | 178,730,765.38 | 162,661,094.27 |
| 2. Minority shareholders’ gain/loss | ||
| VI. Net of other comprehensive income after tax | 4,087,510.57 | 8,251,321.19 |
| Net of other comprehensive income after tax attributable to the parent company’s owner | 4,087,339.47 | 8,251,030.59 |
| (I) Other comprehensive income which cannot be re-classified into gain and loss | ||
| 1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
| 2. Other comprehensive income which cannot be converted into gain and loss based on the equity method |
| 3. Movement of the fair value of the investment in other equity instruments | ||
| 4. Movement of the fair value of the Company’s own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income which shall be re-classified into gain and loss | 4,087,339.47 | 8,251,030.59 |
| 1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
| 2. Movement of the fair value of the investment in other debt instruments | ||
| 3. Gain/loss from change in the fair value of the financial assets available for sale | ||
| 4. Amount of the reclassified financial assets counted to the other comprehensive income | ||
| 5. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
| 6. Provision for impairment of the credit of the other debt investment | ||
| 7. Reserve for cash flow hedge | ||
| 8. Conversion difference in foreign currency statements | 4,087,339.47 | 8,251,030.59 |
| 9. Others | ||
| Net amount of other comprehensive income after tax attributable to minority shareholders | 171.10 | 290.60 |
| VII. Total comprehensive income | 182,818,275.95 | 170,912,415.46 |
| Total comprehensive income attributable to the parent company’s owner | 182,818,104.85 | 170,912,124.86 |
| Total comprehensive income attributable to minority shareholders | 171.10 | 290.60 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | 0.4039 | 0.3707 |
| (II) Diluted earnings per share | 0.4039 | 0.3707 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
6. Profit statement of the parent company from year beginning to the end of the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Revenue | 97,671,851.57 | 84,581,680.02 |
| Less: Operating cost | 17,350,450.21 | 13,544,702.78 |
| Taxes and surcharges | 3,326,021.04 | 3,283,993.87 |
| Sales costs | 891,567.77 | |
| . Administrative expenses | 59,140,707.86 | 48,103,773.92 |
| R & D expenditures | 12,922,187.52 | 16,261,936.11 |
| Financial expenses | 5,445,503.71 | 6,800,487.30 |
| Where: Interest cost | 6,492,451.34 | 7,298,145.33 |
| Interest income | 1,357,673.60 | 1,283,699.17 |
| Plus: Other income | 7,761,424.65 | 3,121,301.89 |
| Investment income (loss is stated with “-”) | 1,531,310.06 | 93,013.38 |
| Including: return on investment in associate and joint venture | 1,531,310.06 | 93,013.38 |
| Income from the derecognition of the financial assets measured at amortised cost | ||
| Net exposure hedge income (loss stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) | ||
| Loss from impairment of credit (loss is stated with “-”) | -64,803.91 | |
| Loss from impairment of assets (loss is stated with “-”) | ||
| Income from disposal of assets (loss is stated with “-“) | -647,041.13 | -13,917.68 |
| II. Operating Profit (loss is stated with “-“) | 7,176,303.13 | -212,816.37 |
| Plus: Non-operating income | 40,200.00 | 9,480.00 |
| Less: non-operating expenditures | 210,174.24 | 446,782.97 |
| III. Total profit (total loss is stated with “-“) | 7,006,328.89 | -650,119.34 |
| Less: Income tax expense | 1,538,814.16 | -169,477.50 |
| IV. Net Profit (net loss is stated with “-“) | 5,467,514.73 | -480,641.84 |
| (I) Net Profit from sustainable operation (net loss is stated with “-”) | 5,467,514.73 | -480,641.84 |
| (II) Net Profit from termination of operation (net loss is stated with “-”) | ||
| V. Net of other comprehensive income after tax | ||
| (I) Other comprehensive income which cannot be re-classified into gain and loss | ||
| 1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
| 2. Other comprehensive income which cannot be converted into gain and loss based on the equity method | ||
| 3. Movement of the fair value of the investment in other equity instruments | ||
| 4. Movement of the fair value of the Company’s own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income which shall be re-classified into gain and loss | ||
| 1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
| 2. Movement of the fair value of the investment in other debt instruments | ||
| 3. Gain/loss from change in the fair value of the financial assets available for sale | ||
| 4. Amount of the reclassified financial assets counted to the other comprehensive income | ||
| 5. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
| 6. Provision for impairment of |
| the credit of the other debt investment | ||
| 7. Reserve for cash flow hedge | ||
| 8. Conversion difference in foreign currency statements | ||
| 9. Others | ||
| VI. Total comprehensive income | 5,467,514.73 | -480,641.84 |
| VII. Earnings per share: | ||
| (I) Basic earnings per share | 0.0123 | -0.0011 |
| (II) Diluted earnings per share | 0.0123 | -0.0011 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
7. Consolidated Cash Flow Statement from year beginning to the end of the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Net cash flows arising from operating activities: | ||
| Cash received from sales of goods and supply of labor service | 2,957,222,327.75 | 2,803,068,270.63 |
| Net increase of customers’ deposit and due from banks | ||
| Net increase of borrowings from the central bank | ||
| Net increase of borrowings from other financial institutions | ||
| Cash received from the premium of the original insurance contract | ||
| Net cash received from the reinsurance business | ||
| Net increase of the reserve from policy holders and investment | ||
| Cash received from interest, service charge and commission | ||
| Net increase of loan from other banks | ||
| Net increase of fund from repurchase business |
| Net cash received from securities trading on commission | ||
| Rebated taxes received | 5,027,853.96 | 4,010,283.82 |
| Other operation activity related cash receipts | 62,653,660.31 | 34,995,312.97 |
| Subtotal of cash flow in from operating activity | 3,024,903,842.02 | 2,842,073,867.42 |
| Cash paid for purchase of goods and reception of labor services | 1,726,446,571.91 | 1,540,691,872.50 |
| Net increase of loans and advances to customers | ||
| Net increase of due from central bank and due from banks | ||
| Cash from payment for settlement of the original insurance contract | ||
| Net increase of the lending capital | ||
| Cash paid for interest, service charge and commission | ||
| Cash for payment of policy dividend | ||
| Cash paid to and for staff | 448,253,502.51 | 444,077,098.36 |
| Taxes paid | 187,144,694.13 | 235,578,269.66 |
| Other business activity related cash payments | 358,331,158.96 | 331,138,152.18 |
| Subtotal of cash flow out from operating activity | 2,720,175,927.51 | 2,551,485,392.70 |
| Net cash flows arising from operating activities | 304,727,914.51 | 290,588,474.72 |
| II. Net cash flows arising from investment activities | ||
| Cash received from recovery of investment | ||
| Cash received from investment income | ||
| Net cash from disposal of fixed assets,intangible assets and recovery of other long term assets | 203,980.63 | 28,712.31 |
| Net cash received from disposal of subsidiaries and other operating units |
| Other investment related cash receipts | ||
| Subtotal of cash flow in from investment activity | 203,980.63 | 28,712.31 |
| Cash paid for purchase/construction of fixed assets, intangible assets and other long term assets | 120,991,258.41 | 88,993,938.27 |
| Cash paid for investment | ||
| Net increase of the pledged loan | ||
| Net cash paid for acquisition of subsidiaries and other operation units | ||
| Other investment related cash payments | ||
| Subtotal of cash flow out from investment activity | 120,991,258.41 | 88,993,938.27 |
| Net cash flows arising from investment activities | -120,787,277.78 | -88,965,225.96 |
| III. Net cash flows arising from financing activities | ||
| Cash received from absorbing investment | 18,585,600.00 | |
| Incl.: Cash received from the subsidiaries’ absorption of minority shareholders’ investment | ||
| Cash received from loans | 597,562,376.07 | 519,176,123.11 |
| Other fund-raising related cash receipts | ||
| Subtotal of cash flow in from fund raising activity | 616,147,976.07 | 519,176,123.11 |
| Cash paid for debt repayment | 548,724,597.97 | 600,000,171.88 |
| Cash paid for dividend/profit distribution or repayment of interest | 105,454,043.34 | 110,277,877.06 |
| Including: Dividend and profit paid by the subsidiaries to minority shareholders | ||
| Cash paid for other financing activities | 39,785,028.98 | |
| Sub-total cash flow paid for financing activities | 693,963,670.29 | 710,278,048.94 |
| Net cash flows arising from financing activities | -77,815,694.22 | -191,101,925.83 |
| IV. Influence of the change of exchange rate on the cash and cash equivalents | 335,308.39 | 722,471.84 |
| V. Net increase of cash and cash equivalents | 106,460,250.90 | 11,243,794.77 |
| Plus: Opening balance of cash and cash equivalents | 162,623,059.97 | 184,947,891.32 |
| VI. Ending balance of cash and cash equivalents | 269,083,310.87 | 196,191,686.09 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
8. Cash Flow Statement of the parent company from year beginning to the end of the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Net cash flows arising from operating activities: | ||
| Cash received from sales of goods and supply of labor service | 105,592,825.76 | 88,176,155.56 |
| Rebated taxes received | ||
| Other operation activity related cash receipts | 2,875,812,023.94 | 2,007,440,429.50 |
| Subtotal of cash flow in from operating activity | 2,981,404,849.70 | 2,095,616,585.06 |
| Cash paid for purchase of goods and reception of labor services | ||
| Cash paid to and for staff | 58,785,766.63 | 46,814,508.80 |
| Taxes paid | 7,943,935.36 | 6,849,978.67 |
| Other business activity related cash payments | 2,719,708,117.98 | 1,822,666,271.46 |
| Subtotal of cash flow out from operating activity | 2,786,437,819.97 | 1,876,330,758.93 |
| Net cash flows arising from operating activities | 194,967,029.73 | 219,285,826.13 |
| II. Net cash flows arising from investment activities | ||
| Cash received from recovery of investment |
| Cash received from investment income | ||
| Net cash from disposal of fixed assets,intangible assets and recovery of other long term assets | 134,060.00 | |
| Net cash received from disposal of subsidiaries and other operating units | ||
| Other investment related cash receipts | ||
| Subtotal of cash flow in from investment activity | 134,060.00 | |
| Cash paid for purchase/construction of fixed assets, intangible assets and other long term assets | 33,684,664.21 | 12,890,414.26 |
| Cash paid for investment | ||
| Net cash paid for acquisition of subsidiaries and other operation units | ||
| Other investment related cash payments | ||
| Subtotal of cash flow out from investment activity | 33,684,664.21 | 12,890,414.26 |
| Net cash flows arising from investment activities | -33,550,604.21 | -12,890,414.26 |
| III. Net cash flows arising from financing activities | ||
| Cash received from absorbing investment | 18,585,600.00 | |
| Cash received from loans | 570,000,000.00 | 490,000,000.00 |
| Other fund-raising related cash receipts | ||
| Subtotal of cash flow in from fund raising activity | 588,585,600.00 | 490,000,000.00 |
| Cash paid for debt repayment | 505,000,000.00 | 542,500,000.00 |
| Cash paid for dividend/profit distribution or repayment of interest | 104,638,171.74 | 109,093,581.84 |
| Cash paid for other financing activities | 39,785,028.98 | |
| Sub-total cash flow paid for financing activities | 649,423,200.72 | 651,593,581.84 |
| Net cash flows arising from financing | -60,837,600.72 | -161,593,581.84 |
| activities | ||
| IV. Influence of the change of exchange rate on the cash and cash equivalents | 51,655.47 | 78,893.01 |
| V. Net increase of cash and cash equivalents | 100,630,480.27 | 44,880,723.04 |
| Plus: Opening balance of cash and cash equivalents | 134,970,466.27 | 128,958,944.43 |
| VI. Ending balance of cash and cash equivalents | 235,600,946.54 | 173,839,667.47 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian HuiII. Note to the Adjustment of the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to the newstandards for financial instruments, the new standards for revenues and the new standards for leaseimplemented commencing from year 2019Consolidated Balance Sheet
In CNY
| Items | December 31, 2018 | January 01, 2019 | Amount involved in the adjustment |
| Current assets: | |||
| Monetary capital | 164,828,059.97 | 164,828,059.97 | |
| Settlement reserve | |||
| Inter-bank lending | |||
| Transactional financial assets | |||
| The financial assets measured at fair values with the movement recorded in the current profit and loss | |||
| Derivative financial assets | |||
| Notes receivable | 7,051,846.85 | 7,051,846.85 | |
| Accounts receivable | 370,545,656.61 | 370,545,656.61 | |
| Financing with accounts receivable | |||
| Advance payments | 13,666,816.33 | 13,666,816.33 | |
| Receivable premium |
| Reinsurance accounts receivable | |||
| Reserve for reinsurance contract receivable | |||
| Other receivables | 45,870,582.26 | 45,870,582.26 | |
| Including: Interest receivable | |||
| Dividends receivable | |||
| Redemptory monetary capital for sale | |||
| Inventories | 1,782,306,301.70 | 1,782,306,301.70 | |
| Contract assets | |||
| Held-for-sale assets | |||
| Non-current assets due within a year | |||
| Other current assets | 73,703,312.24 | 73,703,312.24 | |
| Total current assets | 2,457,972,575.96 | 2,457,972,575.96 | |
| Non-current assets: | |||
| Loan issuing and advance in cash | |||
| Equity investment | |||
| Available-for-sale financial assets | 85,000.00 | -85,000.00 | |
| Other equity investment | |||
| Held-to-due investments | |||
| Long term accounts receivable | |||
| Long-term equity investment | 44,881,063.15 | 44,881,063.15 | |
| Investment in other equity instruments | 85,000.00 | 85,000.00 | |
| Other non-current financial assets | |||
| Investment-oriented real estate | 377,319,433.03 | 377,319,433.03 | |
| Fixed assets | 425,649,562.85 | 425,649,562.85 |
| Construction-in-process | 12,041,126.00 | 12,041,126.00 | |
| Productive biological asset | |||
| Oil and gas assets | |||
| Use right assets | |||
| Intangible assets | 43,545,477.61 | 43,545,477.61 | |
| Development expenses | |||
| Goodwill | |||
| Long-term expenses to be apportioned | 128,572,545.15 | 128,572,545.15 | |
| Deferred income tax asset | 100,675,706.09 | 100,675,706.09 | |
| Other non-current assets | 8,949,160.42 | 8,949,160.42 | |
| Total non-current assets | 1,141,719,074.30 | 1,141,719,074.30 | |
| Total assets | 3,599,691,650.26 | 3,599,691,650.26 | |
| Current liabilities: | |||
| Short term borrowings | 547,118,452.97 | 547,118,452.97 | |
| Borrowings from central bank | |||
| Loans from other banks | |||
| Transactional financial liabilities | |||
| The financial liabilities measured at fair value with the movement recorded in the current profit and loss | |||
| Derivative financial liabilities | |||
| Notes payable | |||
| Accounts payable | 259,913,612.34 | 259,913,612.34 | |
| Advance receipts | 16,459,445.00 | 16,459,445.00 | |
| Contract liabilities | |||
| Income from sale of the repurchased financial assets | |||
| Deposits taking and interbank placement | |||
| Acting trading securities | |||
| Income from securities |
| underwriting on commission | |||
| Payroll payable to the employees | 69,779,037.83 | 69,779,037.83 | |
| Taxes payable | 55,923,171.92 | 55,923,171.92 | |
| Other payables | 71,819,930.30 | 71,819,930.30 | |
| Including: interest payable | 772,351.26 | 772,351.26 | |
| Dividends payable | |||
| Service charge and commission payable | |||
| Payable reinsurance | |||
| Held-for-sale liabilities | |||
| Non-current liabilities due within a year | 347,470.00 | 347,470.00 | |
| Other current liabilities | |||
| Total current liabilities | 1,021,361,120.36 | 1,021,361,120.36 | |
| Non-current liabilities: | |||
| Reserve for insurance contract | |||
| Long-term borrowings | 4,517,110.00 | 4,517,110.00 | |
| Bonds payable | |||
| Including: preferred shares | |||
| Perpetual bond | |||
| Lease liabilities | |||
| Long-term accounts payable | |||
| Long term payroll payable to the employees | |||
| Estimated liabilities | |||
| Deferred income | 3,672,855.36 | 3,672,855.36 | |
| Deferred income tax liability | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 8,189,965.36 | 8,189,965.36 | |
| Total liabilities | 1,029,551,085.72 | 1,029,551,085.72 |
| Owner’s equity: | |||
| Capital stock | 438,744,881.00 | 438,744,881.00 | |
| Other equity instruments | |||
| Including: preferred shares | |||
| Perpetual bond | |||
| Capital Reserve | 1,062,455,644.22 | 1,062,455,644.22 | |
| Less: shares in stock | |||
| Other comprehensive income | -5,442,139.78 | -5,442,139.78 | |
| Special reserve | |||
| Surplus Reserve | 223,015,793.80 | 223,015,793.80 | |
| Reserve against general risks | |||
| Retained earnings | 851,360,603.66 | 851,360,603.66 | |
| Total owners’ equity attributable to the parent company | 2,570,134,782.90 | 2,570,134,782.90 | |
| Minority shareholders’ equity | 5,781.64 | 5,781.64 | |
| Total owner’s equity | 2,570,140,564.54 | 2,570,140,564.54 | |
| Total liabilities and owners’ equity | 3,599,691,650.26 | 3,599,691,650.26 |
Note to the AdjustmentIn March 2017, the Ministry of Finance promulgated the Circular on Printing and Issuing the Revised “AccountingStandards for Enterprises No.22–Recognition and Measurement of Financial Instruments”, the Circular on Printing andIssuing the Revised “Accounting Standards for Enterprises No.23–Transfer of Financial Assets”, the Circular on Printingand Issuing the Revised “Accounting Standards for Enterprises No.24–Hedging”; on May 2, 2017, the Ministry of Financepromulgated the Circular on Printing and Issuing the Revised “Accounting Standards for Enterprises No. 37–Presentationof Financial Instruments” and on June 15, 2018, Notice by the Ministry of Finance of Revising and Issuing the Format of2018 Consolidated Financial Statements asked the listed companies of A-shares to implement the updated standards forfinancial instruments series and the new format of presentation commencing from January 1, 2019. In accordance with therequirements of the updated standards for new financial instrument series, the Company adjusted the “available-for-salefinancial assets” to “investment in other equity instruments” based on the business model of the Company's managementof financial assets and the contractual cash flow characteristics of financial assets.
Balance Sheet, Parent Company
In CNY
| Items | December 31, 2018 | January 01, 2019 | Amount involved in the adjustment |
| Current assets: | |||
| Monetary capital | 137,175,466.27 | 137,175,466.27 | |
| Transactional financial assets | |||
| The financial assets measured at fair values with the movement recorded in the current profit and loss | |||
| Derivative financial assets | |||
| Notes receivable | |||
| Accounts receivable | 737,636.38 | 737,636.38 | |
| Financing with accounts receivable | |||
| Advance payments | |||
| Other receivables | 870,739,378.37 | 870,739,378.37 | |
| Including: Interest receivable | |||
| Dividends receivable | |||
| Inventories | |||
| Contract assets | |||
| Held-for-sale assets | |||
| Non-current assets due within a year | |||
| Other current assets | 10,081,272.94 | 10,081,272.94 | |
| Total current assets | 1,018,733,753.96 | 1,018,733,753.96 | |
| Non-current assets: | |||
| Equity investment | |||
| Available-for-sale financial assets | 85,000.00 | -85,000.00 | |
| Other equity investment | |||
| Held-to-due investments | |||
| Long term accounts receivable | |||
| Long-term equity investment | 1,376,129,654.08 | 1,376,129,654.08 | |
| Investment in other equity | 85,000.00 | 85,000.00 |
| instruments | |||
| Other non-current financial assets | |||
| Investment-oriented real estate | 297,042,937.87 | 297,042,937.87 | |
| Fixed assets | 297,517,472.81 | 297,517,472.81 | |
| Construction-in-process | 12,041,126.00 | 12,041,126.00 | |
| Productive biological asset | |||
| Oil and gas assets | |||
| Use right assets | |||
| Intangible assets | 35,337,052.82 | 35,337,052.82 | |
| Development expenses | |||
| Goodwill | |||
| Long-term expenses to be apportioned | 4,500,638.97 | 4,500,638.97 | |
| Deferred income tax asset | 952,857.33 | 952,857.33 | |
| Other non-current assets | 4,493,971.35 | 4,493,971.35 | |
| Total non-current assets | 2,028,100,711.23 | 2,028,100,711.23 | |
| Total assets | 3,046,834,465.19 | 3,046,834,465.19 | |
| Current liabilities: | |||
| Short term borrowings | 505,000,000.00 | 505,000,000.00 | |
| Transactional financial liabilities | |||
| The financial liabilities measured at fair value with the movement recorded in the current profit and loss | |||
| Derivative financial liabilities | |||
| Notes payable | |||
| Accounts payable | 52,324,191.98 | 52,324,191.98 | |
| Advance receipts | 1,636,520.02 | 1,636,520.02 | |
| Contract liabilities | |||
| Payroll payable to the employees | 11,589,634.34 | 11,589,634.34 | |
| Taxes payable | 943,919.26 | 943,919.26 |
| Other payables | 57,997,397.28 | 57,997,397.28 | |
| Including: interest payable | 685,419.80 | 685,419.80 | |
| Dividends payable | |||
| Held-for-sale liabilities | |||
| Non-current liabilities due within a year | |||
| Other current liabilities | |||
| Total current liabilities | 629,491,662.88 | 629,491,662.88 | |
| Non-current liabilities: | |||
| Long-term borrowings | |||
| Bonds payable | |||
| Including: preferred shares | |||
| Perpetual bond | |||
| Lease liabilities | |||
| Long-term accounts payable | |||
| Long term payroll payable to the employees | |||
| Estimated liabilities | |||
| Deferred income | 3,672,855.36 | 3,672,855.36 | |
| Deferred income tax liability | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 3,672,855.36 | 3,672,855.36 | |
| Total liabilities | 633,164,518.24 | 633,164,518.24 | |
| Owner’s equity: | |||
| Capital stock | 438,744,881.00 | 438,744,881.00 | |
| Other equity instruments | |||
| Including: preferred shares | |||
| Perpetual bond | |||
| Capital Reserve | 1,068,111,185.32 | 1,068,111,185.32 | |
| Less: shares in stock |
| Other comprehensive income | |||
| Special reserve | |||
| Surplus Reserve | 223,015,793.80 | 223,015,793.80 | |
| Retained earnings | 683,798,086.83 | 683,798,086.83 | |
| Total owner’s equity | 2,413,669,946.95 | 2,413,669,946.95 | |
| Total liabilities and owners’ equity | 3,046,834,465.19 | 3,046,834,465.19 |
Note to the AdjustmentIn March 2017, the Ministry of Finance promulgated the Circular on Printing and Issuing the Revised “AccountingStandards for Enterprises No.22–Recognition and Measurement of Financial Instruments”, the Circular on Printing andIssuing th Revised “Accounting Standards for Enterprises No.23–Transfer of Financial Assets”, the Circular on Printingand Issuing the Revised “Accounting Standards for Enterprises No.24–Hedging”; on May 2, 2017, the Ministry of Financepromulgated the Circular on Printing and Issuing the Revised “Accounting Standards for Enterprises No. 37–Presentationof Financial Instruments” and on June 15, 2018, Notice by the Ministry of Finance of Revising and Issuing the Format of2018 Consolidated Financial Statements asked the listed companies of A-shares to implement the updated standards forfinancial instruments series and the new format of presentation commencing from January 1, 2019. In accordance with therequirements of the updated standards for new financial instrument series, the Company adjusted the “available-for-salefinancial assets” to “investment in other equity instruments” based on the business model of the Company's managementof financial assets and the contractual cash flow characteristics of financial assets.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards forfinancial instruments and the new standards for lease implemented commencing from year 2019
1. Consolidated profit statement of the reporting period
| Items to be adjusted | Amount involved in the adjustment |
| Add the item of credit impairment loss to the income statement, and reclassify part of the impairment loss of assets related to receivables to the credit impairment loss | During the reporting period, the credit impairment loss amounted to CNY -5,221,223.17, the asset impairment loss of the previous period was adjusted up by CNY 2,676,174.68 and credit impairment loss was adjusted down by CNY 2,676,174.68. |
2. Consolidated Profit Statement from the beginning to the end of the reporting period
| Items to be adjusted | Amount involved in the adjustment |
| Add the item of credit impairment loss to the income statement, and reclassify part of the impairment loss of assets related to receivables to the credit impairment loss | During the reporting period, the credit impairment loss amounted to CNY -8,302,992.06, the asset impairment loss of the previous period was adjusted down by CNY 2,502,625.73 and credit impairment loss was adjusted up by CNY 2,502,625.73. |
Note: When the Company makes retrospective adjustment of the amount involved in the first implementation of the newaccounting standards and adjusts the comparison data of the previous period, it was necessary to disclose the name andadjustment amount of the financial statement items involved in the adjustment.
III. Auditor’s ReportHas the third quarterly report been auditedNo