Stock Code: 000521, 200521 Stock Abbreviation: Changhong Meiling, Hongmeiling BAnnouncement No.: 2024-057
Changhong Meiling Co., Ltd.The Third Quarterly Report of 2024
The Company and whole members of the Board guarantee that the information disclosed is true, accurateand complete and there are no fictitious records, misleading statements or material omissions carried inthe Report.
Important Note:
1. Board of Directors and the Supervisory Committee of Changhong Meiling Co., Ltd. (hereinafter referredto as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracyand completion of the quarterly report, there are no any fictitious statements, misleading statements orimportant omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
2.Mr. Wu Dinggang, Person in charge of the Company, Mr. Pang Haitao, head of accounting and Mr. YangJun ,person in charger of accounting organ (accounting officer) hereby confirm that the financial informationof this Quarterly Report is authentic, accurate and complete.
3. The Third quarterly report audited or not
□Yes √No
I. Main financial data(i) Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data or not
□ Yes√ No
| Current period | Increase/decrease in the period compared with the same period of the previous year | Year-begin to period-end | Increase/decrease from year-begin to period-end compared with the same period of the previous year |
| Operating income (RMB) | 7,810,029,557.25 | 23.21% | 22,757,699,848.95 | 18.73% |
| Net profit attributable to shareholders of the listed company (RMB) | 115,406,948.15 | -17.99% | 530,440,364.03 | 6.35% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 81,836,690.17 | -37.66% | 514,341,146.54 | 0.21% |
| Net cash flow arising from operating activities (RMB) | — | — | 2,745,427,803.45 | 14.09% |
| Basic earnings per share (RMB/Share) | 0.1121 | -17.94% | 0.5150 | 6.34% |
| Diluted earnings per share (RMB/Share) | 0.1121 | -17.94% | 0.5150 | 6.34% |
| Weighted average ROE | 1.96% | A decrease of 0.73percentage points | 8.86% | A decrease of 0.40 percentage points |
| End of this period | End of last period | Changes of this period-end over same period-end of last year | ||
| Total assets (RMB) | 22,630,704,631.07 | 19,391,604,526.19 | 16.70% | |
| Owners’ equity attributable to shareholders of listed company (RMB) | 6,047,014,267.59 | 5,824,782,654.09 | 3.82% | |
(ii)Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
| Item | Current amount | Year-begin to period-end | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -1,893,298.38 | -1,856,963.43 | |
| Governmental subsidy calculated into current gains and losses(while closely related with the normal business of the Company, the government subsidy that accord with the provision of national policies and are continuously enjoyed in line with a certain standard quota or quantity are excluded) | 19,342,195.22 | 45,128,487.31 | Mainly due to government subsidies. |
| Gain and loss from change of the fair value arising from transactional monetary assets, transactional financial liabilities as held as well as the investment income arising from disposal of the transactional | 17,847,931.41 | -47,426,382.79 | It mainly refers to the gains and losses arising from changes in the fair value of financial assets |
| monetary assets, transactional financial liabilities and financial assets available for sale excluding the effective hedging transaction in connection with the Company’s normal business | and disposal. | ||
| Reversal of the account receivable depreciation reserves subject to separate impairment test | -23,891.11 | 20,785,113.26 | |
| Other non-operating income and expenses other than the above | 4,919,844.60 | 2,993,297.20 | |
| Less: impact on income tax | 5,741,004.71 | -1,325,264.43 | |
| Impact on minority shareholders’ equity (post-tax) | 881,519.05 | 4,849,598.49 | |
| Total | 33,570,257.98 | 16,099,217.49 | -- |
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/lossin Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss(revised in 2023)
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/lossin Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss (revised in 2023).(iii)Particulars about material changes in items of main accounting statement and financial index andexplanations of reasons
√ Applicable □Not applicable
1.Changes and reasons of items in balance sheet
In RMB
| Item | Ending balance | Opening balance | Changes ratio | Reasons of changes |
| Trading financial assets | 1,469,136,701.27 | 39,236,447.63 | 3,644.32% | Mainly due to the increase in income from wealth management products in the current period |
| Notes receivable | - | 267,174.50 | -100.00% | Mainly due to the maturity of the notes in the current period |
| Account receivable | 2,355,222,936.53 | 1,633,706,889.06 | 44.16% | Mainly due to the increase in sales during the current period |
| Item | Ending balance | Opening balance | Changes ratio | Reasons of changes |
| Contract assets | 7,217,666.14 | 13,261,690.62 | -45.58% | Mainly due to the conversion of contract assets to accounts receivable in the current period |
| Non-current asset due within one year | - | 122,294,027.78 | -100.00% | Mainly due to the maturity of large-denomination certificates of deposit in the current period |
| Other current assets | 340,368,105.19 | 225,419,883.07 | 50.99% | Mainly attributable to the increase in the purchase of time deposits and large certificates of deposit during the current period |
| Creditor's rights investment | 1,391,564,343.42 | 420,537,485.54 | 230.90% | Mainly due to the increase in the Company's large certificates of deposit in the current period |
| Usage right assets | 111,213,574.15 | 49,993,400.61 | 122.46% | Mainly due to the increase in leased factories during the current period |
| Development expenses | 131,983,953.57 | 97,177,535.34 | 35.82% | Mainly due to the increase in R&D investment in the current period |
| Other non-current assets | 16,954,711.86 | 26,601,614.35 | -36.26% | Mainly due to the decrease in prepayment for equipment in the current period |
| Trading financial liabilities | 54,736,706.07 | 32,229,012.86 | 69.84% | Mainly due to changes in the fair value of irrevocable orders and foreign exchange contracts during the current period |
| Note payable | 7,793,021,743.61 | 5,904,387,089.98 | 31.99% | Mainly due to the increase in purchases during the current period |
| Accounts received in advance | 35,984.62 | 55,949.90 | -35.68% | Mainly due to the decrease in advance receivables in the current period |
| Non-current liabilities due within one year | 10,939,951.24 | 48,822,798.47 | -77.59% | Mainly due to the repayment of long-term borrowings due within one year in the current period |
| Long-term loans | 5,842,922.02 | 108,000,000.00 | -94.59% | Mainly due to the early repayment of long-term borrowings in the current period |
| Lease liability | 106,251,727.30 | 43,488,292.70 | 144.32% | Mainly due to the increase in leased factories during the current period |
| Long-term account payable | 541,643.86 | 800,347.84 | -32.32% | Mainly attributable to the apportionment of long-term payables for the current period |
| Deferred income tax liabilities | 30,679,525.53 | 21,814,466.43 | 40.64% | Mainly due to the increase in the recognition of deferred income tax on right-of-use assets in the current period |
2.Changes and reasons of items in profit statement
In RMB
| Item | Current period | Amount at the same period of last year | Changes ratio | Reasons of changes |
| Tax and extras | 76,763,729.74 | 144,925,448.61 | -47.03% | Mainly due to the payment of the waste electrical and electronic products disposal fund in the previous period, and there is no such payment in the current period |
| Other income | 121,445,358.81 | 58,843,835.36 | 106.39% | Mainly due to the recognition of VAT plus deduction credit in the current period |
| Investment earnings | 21,041,038.63 | 6,121,002.68 | 243.75% | Mainly due to the increase in income from wealth management products in the current period |
| Item | Current period | Amount at the same period of last year | Changes ratio | Reasons of changes |
| Gains on changes in fair value | -11,228,505.02 | -63,928,733.56 | 82.44% | Mainly due to changes in the fair value of irrevocable orders and foreign exchange contracts during the current period |
| Credit impairment loss | -1,448,976.31 | -93,458,661.22 | -98.45% | Mainly due to the YOY decrease in bad debt provision for accounts receivable |
| Loss of asset impairment | -48,615,603.79 | -19,904,174.33 | 144.25% | Mainly due to the increase in the decline in the value of inventories accrued in the current period |
| Non-operating income | 7,037,132.35 | 13,003,292.01 | -45.88% | Mainly due to the decrease in liquidated damages received during the period |
| Income tax expenses | 6,364,902.62 | 3,477,731.10 | 83.02% | Mainly attributable to the increase in relocation costs during the current period |
| Income tax expenses | 73,975,762.36 | 4,446,696.74 | 1,563.61% | Mainly due to the increase in income tax expenses due to the increase in taxable income for the current period |
3.Changes and reasons of items in cash flow statement
In RMB
| Item | Current period | Amount at the same period of last year | Changes ratio | Reasons of changes |
| Tax refund received | 878,299,622.69 | 545,575,086.82 | 60.99% | Mainly due to the YOY increase in export tax rebates received in the current period |
| Cash received from recovery of investment | 7,438,000,000.00 | 630,000,000.00 | 1,080.63% | Mainly due to the YOY increase in the recovery of wealth management products in the current period |
| Cash received from absorbing investment | 45,916,313.88 | 34,088,250.87 | 34.70% | Mainly due to the YOY increase in the income of wealth management products in the current period |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 670,588.40 | 4,027,612.46 | -83.35% | Mainly due to the YOY decrease in cash recovered from the disposal of fixed assets in the current period |
| Cash paid for investments | 9,870,000,000.00 | 1,427,333,334.00 | 591.50% | Mainly due to the YOY increase in the purchase of wealth management products in the current period |
| Other cash paid concerning investing activities | 10,004,887.52 | 73,130,700.88 | -86.32% | Mainly due to the YOY decrease in the delivery loss of forward foreign exchange contracts in the current period |
| Cash received from borrowing | 1,798,005,348.24 | 1,135,721,085.04 | 58.31% | Mainly attributable to the YOY increase in bank borrowings during the current period |
| Other cash received concerning financing activities | 59,024,900.30 | 250,002,913.48 | -76.39% | Mainly due to the YOY decrease in the restricted margin recovery in the current period |
| Cash paid for settling debts | 1,941,925,085.56 | 753,250,888.06 | 157.81% | Mainly due to the YOY increase in the repayment of borrowings in the current period |
| Cash paid for dividend and profit distributing or interest paying | 331,222,527.04 | 126,145,172.10 | 162.57% | Mainly due to the YOY increase in dividends distribution for the current period |
| Influence on cash and cash equivalents due to fluctuation in exchange rate | 19,235,492.91 | 1,594,491.69 | 1,106.37% | Mainly due to the impact of exchange rate changes during the current period |
II. Shareholders(i)Total number of common shareholders and preference shareholders with voting rights recovered andtop ten shareholders
In Shares
| Total number of common shareholders at the end of report period | 55,993 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||
| Shares held by the top 10 shareholders（Excluding shares lent through refinancing) | |||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of lock-up shares held | Information of shares pledged, tagged or frozen | ||||
| State of share | Amount | ||||||||
| Sichuan Changhong Electric Co., Ltd. | State-owned legal person | 24.12% | 248,457,724 | 0 | - | - | |||
| HKSCC | Overseas Legal person | 4.58% | 47,155,309 | 0 | - | - | |||
| The National Social Security Fund 101 portfolio | Domestic non-state-owned legal person | 3.44% | 35,423,661 | 0 | - | - | |||
| CHANGHONG (HK) TRADING LIMITE | Overseas Legal person | 2.63% | 27,077,797 | 0 | - | - | |||
| Hefei Industry Investment Holding (Group) Co., Ltd. | State-owned legal person | 2.43% | 25,064,896 | 0 | - | - | |||
| CAOSHENGCHUN | Overseas natural person | 1.43% | 14,766,086 | 0 | - | - | |||
| Industrial Bank－Southern Xingrun value one-year holding period of hybrid securities investment fund | Domestic non-state-owned legal person | 1.33% | 13,691,353 | 0 | - | - | |||
| ICBC－South Excellent Growth Stock Securities Investment Fund | Domestic non-state-owned legal person | 1.24% | 12,722,400 | 0 | - | - | |||
| China Construction Bank Co., Ltd.- Jiashixin Consumer Stock Securities Investment Fund | Domestic non-state-owned legal person | 0.65% | 6,671,917 | 0 | - | - | |||
| Phillip Securities( HK) Co., Ltd. | Overseas Legal person | 0.61% | 6,296,913 | 0 | - | - | |||
| Top ten shareholders with unrestricted shares held (excluding shares lent through conversions and locked-up shares for senior managers) | |||||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | |||||||
| Type | Amount | ||||||||
| Sichuan Changhong Electric Co., Ltd. | 248,457,724 | RMB ordinary shares | 248,457,724 | ||||||
| HKSCC | 47,155,309 | RMB ordinary shares | 47,155,309 | ||||||
| The National Social Security Fund 101 portfolio | 35,423,661 | RMB ordinary shares | 35,423,661 | ||||||
| CHANGHONG (HK) TRADING LIMITE | 27,077,797 | Domestically listed | 27,077,797 | ||||||
| foreign shares | |||
| Hefei Industry Investment Holding (Group) Co., Ltd. | 25,064,896 | RMB ordinary shares | 25,064,896 |
| CAOSHENGCHUN | 14,766,086 | Domestically listed foreign shares | 14,766,086 |
| Industrial Bank－Southern Xingrun value one-year holding period of hybrid securities investment fund | 13,691,353 | RMB ordinary shares | 13,691,353 |
| ICBC－South Excellent Growth Stock Securities Investment Fund | 12,722,400 | RMB ordinary shares | 12,722,400 |
| China Construction Bank Co., Ltd.- Jiashixin Consumer Stock Securities Investment Fund | 6,671,917 | RMB ordinary shares | 6,671,917 |
| Phillip Securities( HK) Co., Ltd. | 6,296,913 | Domestically listed foreign shares | 6,296,913 |
| Explanation on associated relationship among the aforesaid shareholders | Among the above shareholders, CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co., Ltd.; except the shares of the Company directly held of the B shares of the Company, 6,296,913 shares of B-stock are also held through Phillip Securities (Hong Kong) Co., Ltd., the foregoing shareholders constitute persons of uniform action. There existed no associated relationship or belong to the concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder Equity Changes of Listed Companies among Sichuan Changhong Electric Co., Ltd, Hong Kong Changhong and other top 7 shareholders, The company neither knows whether there is any association among other shareholders, nor knows whether other shareholders belong to the persons acting in concert that is stipulated in the “Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies”. | ||
| Explanation on top ten shareholders involving margin business (if applicable) | Not applicable | ||
Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10shareholders of unrestricted tradable shares participating in the lending of shares in securities lending andborrowing business
□Applicable ?Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed comparedwith the previous period due to the securities lending/returning,
□Applicable ?Not applicable
(ii)Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the endof the report period
□ Applicable √Not applicable
III. Other important matters
√ Applicable □ Not applicable
| Overview | Date for disclosure | Information index for temporary report disclosure |
| Through the resolution passed by the Company's board of directors, it’s agreed that the Company shall establish an ESG management organizational structure and set up an ESG management committee under the board of | February 20,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-004 and 2024-005） |
| Overview | Date for disclosure | Information index for temporary report disclosure |
| directors of the Company, which is composed of six directors-Mr. Wu Dinggang, Mr. Zhong Ming, Mr. Zhao Qilin, Mr. Kou Huameng, Mr. Hu Zhaogui and Ms. Mou Wen (independent directors)-of the board of directors of the Company and the chairman is Mr. Wu Dinggang, taking effect from the date of deliberation and approval of the board of directors, and the term of office of the above members is the same as that of the board of directors. | ||
| Through the resolution passed by the Company's board of directors, it’s agreed that the Company will invest 88 million yuan to renovate the front-end production line of refrigerators in the Hefei manufacturing base, in order to enhance the Company's production and manufacturing capacity of refrigerators in the Hefei base and enhance the product market competitiveness. | February 20,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-004） |
| Through the resolution of the board of directors of the Company, it’s agreed that Sichuan Changhong Air Conditioning Co., Ltd., a subsidiary of the Company, will invest 100 million yuan by its own funds to establish a wholly-owned subsidiary, Sichuan Changhong Air Conditioning Intelligent Home Appliance Technology Co., Ltd. (tentative name, subject to industrial and commercial approval), to engage in related business with the manufacturing and sales of variable frequency drive control boards in the air conditioning industry (including special air conditioners) as the core. | March 15,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-006） |
| Through the resolution of the Company's board of directors, supervisory board and the general meeting of shareholders , it was agreed to pass the Company's 2023 profit distribution plan: based on the Company's total share capital of 1,029,923,715 shares on December 31, 2023, it will distribute a cash dividend of RMB 3 (including tax) to all shareholders for every 10 shares, with no bonus shares or share capital increase by reserve fund conversion. It is expected to distribute a cash dividend of RMB 308,977,114.50 (including tax), accounting for 41.70% of the net profit attributable to shareholders of listed companies in 2023. On June 5, 2024, the Company disclosed the "2023 Annual Profit Distribution Plan Implementation Announcement “and implemented the afore-mentioned profit distribution plan. | March 30,2024, April 26,2024, June 5,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-007, 2024-008,2024-010,2024-024 and 2024-034） |
| Through the resolution of the Company's board of directors and the general meeting of shareholders, it’s agreed to appoint Pan-China Certified Public Accounts (LLP) as the auditing agency for the Company's 2024 financial report and internal control, with a term of one year. | March 30,2024, April 26, 2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-007, 2024-011 and -2024-024） |
| Through the resolution of the Company's board of directors and supervisory board, it’s agreed that the subsidiary of the Company, Hefei Meiling Nonferrous Metal Products Co., Ltd., will write off a total of 3,092,614.56 yuan in bad debts of part accounts receivable that cannot be recovered. | March 30,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-007, 2024-008 and 2024-012） |
| Through the resolution of the board of directors of the Company, it’s agreed that the Company and its subsidiaries will carry out forward foreign exchange fund trading business from July 1, 2024 to June 30, 2025, with a transaction balance not exceeding 1.199 billion US dollars (mainly including US dollars, Australian dollars, Euros, and all other foreign currencies converted into US dollars), and the delivery period of a single transaction shall not exceed one year. | March 30,2024, April 26, 2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-007, 2024-013 and -2024-024） |
| Through the resolution of the Company's board of directors ,supervisory board and the general meeting of shareholders, it’s agreed to the Company’s formulated "Shareholders' Return Plan for the Next Three Years (2021-2023) by the Company" | March 30,2024, April 26, 2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-007, 2024-008 and -2024-024） |
| Through the resolution of the Company's board of directors, supervisory board and the general meeting of shareholders, it’s agreed that the Company will increase the expected amount of no more than 1,138 million yuan (excluding tax) of routine related party transactions including purchase of raw materials and commodities between the Company and its subsidiaries and Sichuan Changhong Electronic Holding Group Co., Ltd. in 2024. After | March 30,2024, April 26, 2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-007, 2024-008,2024-014 and -2024-024） |
| Overview | Date for disclosure | Information index for temporary report disclosure |
| this increase, it’s expected that the total amount of routine related party transactions between the Company and its subsidiaries and Sichuan Changhong Electronic Holding Group Co., Ltd., including purchasing goods, receiving services, and leasing, will not exceed 2,938 million yuan (excluding tax) in 2024. | ||
| Through the resolution of the board of directors and the general meeting of shareholder of the Company, it’s agreed that the Company and its subsidiaries can apply for a special line of up to 400 million yuan for the bill pool to the Hefei Branch of Industrial Bank Co., Ltd; and apply to Hefei Branch Ping An Bank Co., Ltd. for a special credit line of up to 500 million yuan for the bill pool. | March 30,2024, April 26, 2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-007, 2024-015 and -2024-024） |
| Through the resolution of the board of directors ,supervisory board and the general meeting of shareholders, it was agreed to provide a total guarantee amount of no more than RMB 600 million for raw materials purchased by Changhong Air Conditioning, a wholly-owned subsidiary of the Company, with a guarantee period of one year, starting from the date of review and approval by the Company's General Meeting of Shareholders. | April 20,2024, June 19,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-020, 2024-021,2024-023 and -2024-036） |
| In order to establish a variety of shareholder return mechanisms, thank shareholders for their long-term concern and support, and at the same time to allow shareholders to experience the Company's new products and services, and improve investors' understanding and recognition of the Company's intrinsic value, the Company held the "Changhong Meiling Shareholder Thanksgiving Festival" from May 18, 2024 to May 26, 2024 | May 17,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-025） |
| Through the resolution of the board of directors and the general meeting of shareholders, it was agreed to amend some clauses of the Company's Articles of Association according to relevant provisions of laws and regulations and combined with the actual situation of the Company. | June 1, 2024, June 19,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-026, 2024-028 and -2024-036） |
| Through the resolution of the board of directors ,supervisory board and the general meeting of shareholders, it was agreed that the Company and its subsidiaries (excluding Zhongke Meiling Cryogenic Technology Co., Ltd. and its subsidiaries) would increase the use of their own idle funds of no more than 1.85 billion yuan(which can be used in a rolling way) to invest in and purchase bank wealth management products with high safety, good liquidity, low risk and stability within one year. The authorization period is valid within one year from the date of deliberation and approval by the General Meeting of Shareholders of the Company. | June 1, 2024, June 19,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-026, 2024-027,2024-030 and -2024-036） |
| In view of the expiration of the term of the 10th Board of Directors of the Company, according to relevant regulations, the Board of Directors of the Company needs to be re-elected. It was agreed that the 11th Board of Directors of the Company should have 9 directors, including 6 non-independent directors and 3 independent directors. According to the resolutions of the 44th meeting of the 10th Board of Directors and the First Extraordinary General Meeting of Shareholders in 2024, it was agreed to appoint Mr. Wu Dinggang, Mr. Zhong Ming, Mr. Zhao Qilin, Ms. Yi Suqin, Mr. Cheng Ping and Mr. Fang Wei as the non-independent directors of the 11th Board of Directors, and Ms. Mu Wen, Mr. Hong Yuanjia and Mr. Cheng Wenlong as the independent directors of the 11th Board of Directors. with a term of office the same as that of the 11th Board of directors of the Company. | June 1, 2024, June 19,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-026, 2024-031 and -2024-036） |
| Through the resolution of the supervisory board and the general meeting of shareholders, in order to optimize the enterprise supervision system, combined with the revision of the Articles of Association, it was agreed to amend some clauses of the Rules of Procedure of the Board of Supervisors, and adjust the member number of the Board of Supervisors from 5 to 3. | June 1, 2024, June 19,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-027, 2024-029 and -2024-036） |
| In view of the expiration of the term of the 10th Board of Supervisors of the Company, according to relevant regulations, the Board of Supervisors of the Company needs to be re-elected. It was agreed that the 11th Board of Supervisors of the Company should have 3 supervisors, including 2 shareholder representative supervisors and 1 employee supervisor. According to the resolution of the 32nd meeting of the 10th Board of Supervisors and the First Extraordinary General Meeting of Shareholders in 2024, it was | June 1, 2024, June 19,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-027, 2024-032 2024-36 and -2024-037） |
| Overview | Date for disclosure | Information index for temporary report disclosure |
| agreed to appoint Mr. Qiu Jin and Mr. Ma Yu as the shareholder representative supervisors of the 11th Board of Supervisors; After voting at the second meeting of the Ninth Workers' Congress, it was agreed to elect Ms. Ji Ge as the employee supervisor of the 11th Board of Supervisors. with a term of office the same as that of the 11th Board of supervisors of the Company. | ||
| Through the resolution of the board of directors , it was agreed to elect Mr. Wu Dinggang as the chairman of the 11th Board of Directors, to elect members of the strategy, audit, nomination, remuneration and assessment and ESG management committees under the 11th Board of Directors, to re-appoint Mr. Tang Youdao, Mr. Kou Huameng and Mr. Hu Zhaogui as the Company's vice presidents, to employ Ms. Li Xia as the Company's vice president and concurrently the secretary of the Board of Directors, and to re-appoint Mr. Pang Haitao as the Company's financial director, with a term of office from the date of review and approval by the Board of Directors to the Company to the date of expiration of the term of office of the current Board of Directors. | June 19, 2024, June 20,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-038 and -2024-040） |
| Through the resolution of the supervisory board, it was agreed to elect Mr. Qiu Jin as the chairman of the 11th Board of Supervisors of the Company, with a term of office the same as that of the 11th Board of Supervisors of the Company. | June 19, 2024, June 20,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-039 and -2024-040） |
| Through the resolution of the board of directors and supervisory board, it’s agreed that the Company will increase the amount of routine related party transactions such as financial leasing, commercial factoring and financing orders between the Company and its subsidiaries and Yuanxin Financial Leasing Co., Ltd. (hereinafter referred to as "Yuanxin Leasing") in 2024 not exceeding 290 million yuan (excluding tax). After this increase, the amount of routine related party transactions such as financial leasing, commercial factoring and bill financing between the Company and its subsidiaries and Yuanxin Leasing in 2024 is expected to not exceed 1,090 million yuan (excluding tax). | August 17,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-041,2024-042 and 2024-044） |
| Through the resolution of the board of directors of the Company, in order to improve the manufacturing capacity of the Company's refrigerator products, it’s agreed that the Company will use its own funds of 16.35 million yuan to carry out technical transformation of some equipment of the refrigerator production line to enhance the production capacity and market competitiveness of the Company's products. | August 17,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-041） |
| Passed by the resolutions of the Board of Directors, the Board of Supervisors and the General Meeting of Shareholders held by the Company on January 18 and April 26, 2023, it’ agreed that the Company will participate in the establishment of "Sichuan Hongyun Venture Capital Partnership (Limited Partnership)" (hereinafter referred to as "Hongyun Fund Phase II") with its own funds of 45 million yuan, and serve as a limited partner of the investment fund. Up to now, Hongyun Fund Phase II has completed the industrial and commercial registration, and the partners have completed the first phase of capital contribution. On August 22, 2024, Hongyun Fund Phase II held the first interim general meeting of partners in 2024, and based on the progress of the fund manager in introducing new partners and the requirements of improving the efficiency of capital use, it’s agreed that the funds that have been paid in by all partners and the income from cash management of such funds will be temporarily returned to the account provided by the partners in accordance with the proportion of the shares held by all partners, and the Company has received a total of 18.152 million yuan of initial capital contributions and corresponding cash management income; Meanwhile, in order to promote the filing of the fund, it’s agreed to extend the open period for the introduction of new partners to December 15, 2024, and if no new partners are introduced at that time, the liquidation procedure of the fund will be initiated; Agreed to sign the Supplemental Agreement. | August 24,2024 | Juchao Website:http://www.cninfo.com.cn（No.: 2024-045） |
IV. Quarterly financial statements(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Changhong Meiling Co., Ltd.
In RMB
| Item | Ending balance | Opening balance |
| Current assets: | ||
| Monetary fund | 8,625,778,354.77 | 8,840,685,525.71 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | 1,469,136,701.27 | 39,236,447.63 |
| Derivative financial assets | ||
| Note receivable | 267,174.50 | |
| Account receivable | 2,355,222,936.53 | 1,633,706,889.06 |
| Receivable financing | 1,477,777,423.32 | 1,641,858,740.34 |
| Account paid in advance | 50,661,048.60 | 45,738,805.90 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 74,639,165.78 | 82,953,808.97 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventory | 2,493,833,592.10 | 2,022,738,412.97 |
| Including：Data resources | ||
| Contract assets | 7,217,666.14 | 13,261,690.62 |
| Assets held for sale | ||
| Non-current asset due within one year | 122,294,027.78 | |
| Other current assets | 340,368,105.19 | 225,419,883.07 |
| Total current assets | 16,894,634,993.70 | 14,668,161,406.55 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Creditor's rights investment | 1,391,564,343.42 | 420,537,485.54 |
| Item | Ending balance | Opening balance |
| Other Creditor's rights investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 94,928,336.90 | 112,745,811.75 |
| Investment in other equity instrument | ||
| Other non-current financial assets | 674,139,515.48 | 674,139,515.48 |
| Investment real estate | 49,453,554.47 | 50,920,487.71 |
| Fixed assets | 2,124,345,702.49 | 2,136,912,034.28 |
| Construction in progress | 82,623,440.03 | 69,920,839.20 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | 111,213,574.15 | 49,993,400.61 |
| Intangible assets | 870,135,663.07 | 886,455,434.73 |
| Including：Data resources | ||
| Expense on research and development | 131,983,953.57 | 97,177,535.34 |
| Including：Data resources | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 32,260,126.58 | 35,698,465.62 |
| Deferred income tax asset | 156,466,715.35 | 162,340,495.03 |
| Other non-current assets | 16,954,711.86 | 26,601,614.35 |
| Total non-current asset | 5,736,069,637.37 | 4,723,443,119.64 |
| Total assets | 22,630,704,631.07 | 19,391,604,526.19 |
| Current liabilities: | ||
| Short-term loans | 1,133,775,702.32 | 1,134,102,419.03 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | 54,736,706.07 | 32,229,012.86 |
| Derivative financial liability | ||
| Note payable | 7,793,021,743.61 | 5,904,387,089.98 |
| Account payable | 4,848,450,447.20 | 3,882,303,908.89 |
| Accounts received in advance | 35,984.62 | 55,949.90 |
| Contract liabilities | 416,122,990.94 | 405,698,756.02 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit |
| Item | Ending balance | Opening balance |
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 483,892,930.06 | 443,612,216.56 |
| Taxes payable | 85,995,858.16 | 91,917,751.71 |
| Other account payable | 1,061,340,473.71 | 884,714,721.30 |
| Including: Interest payable | ||
| Dividend payable | 6,005,989.72 | 5,384,407.44 |
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 10,939,951.24 | 48,822,798.47 |
| Other current liabilities | 15,981,918.21 | 19,172,541.50 |
| Total current liabilities | 15,904,294,706.14 | 12,847,017,166.22 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 5,842,922.02 | 108,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | 106,251,727.30 | 43,488,292.70 |
| Long-term account payable | 541,643.86 | 800,347.84 |
| Long-term wages payable | 10,319,507.32 | 11,417,181.82 |
| Accrual liability | 35,958,877.72 | 32,054,790.39 |
| Deferred income | 112,002,975.60 | 132,977,494.33 |
| Deferred income tax liabilities | 30,679,525.53 | 21,814,466.43 |
| Other non-current liabilities | ||
| Total non-current liabilities | 301,597,179.35 | 350,552,573.51 |
| Total liabilities | 16,205,891,885.49 | 13,197,569,739.73 |
| Owner’s equity: | ||
| Share capital | 1,029,923,715.00 | 1,029,923,715.00 |
| Other equity instrument | ||
| Including: Preferred stock |
| Item | Ending balance | Opening balance |
| Perpetual capital securities | ||
| Capital public reserve | 2,805,503,457.77 | 2,805,503,457.77 |
| Less: Treasury shares | ||
| Other comprehensive income | -20,548,959.12 | -20,704,362.05 |
| Special reserve | 11,859,772.95 | 11,246,811.91 |
| Surplus public reserve | 477,053,194.82 | 477,053,194.82 |
| Provision of general risk | ||
| Retained profit | 1,743,223,086.17 | 1,521,759,836.64 |
| Total owner’ s equity attributable to parent company | 6,047,014,267.59 | 5,824,782,654.09 |
| Minority interests | 377,798,477.99 | 369,252,132.37 |
| Total owner’ s equity | 6,424,812,745.58 | 6,194,034,786.46 |
| Total liabilities and owner’ s equity | 22,630,704,631.07 | 19,391,604,526.19 |
Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
| Item | Current period | Last period |
| I. Total operating income | 22,757,699,848.95 | 19,167,615,833.84 |
| Including: Operating income | 22,757,699,848.95 | 19,167,615,833.84 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 22,222,774,849.04 | 18,542,771,945.98 |
| Including: Operating cost | 20,292,216,559.07 | 16,590,072,964.21 |
| 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 | 76,763,729.74 | 144,925,448.61 |
| Sales expense | 1,263,855,338.68 | 1,234,618,461.71 |
| Administrative expense | 264,866,295.72 | 265,996,948.80 |
| R&D expense | 448,349,808.47 | 414,730,110.25 |
| Financial expenses | -123,276,882.64 | -107,571,987.60 |
| Including: Interest expenses | 18,337,445.84 | 19,220,542.10 |
| Interest income | 141,269,832.76 | 138,087,696.57 |
| Add: other income | 121,445,358.81 | 58,843,835.36 |
| Investment income (Loss is listed with “-”) | 21,041,038.63 | 6,121,002.68 |
| Including: Investment income on affiliated company and joint venture | 7,635,137.26 | 15,050,230.24 |
| The termination of income recognition for financial assets measured by amortized cost | -30,503,769.06 | -21,839,275.77 |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | -11,228,505.02 | -63,928,733.56 |
| Loss of credit impairment (Loss is listed with “-”) | -1,448,976.31 | -93,458,661.22 |
| Losses of devaluation of asset (Loss is listed with “-”) | -48,615,603.79 | -19,904,174.33 |
| Income from assets disposal (Loss is listed with “-”) | 464,104.04 | 1,379,107.45 |
| III. Operating profit (Loss is listed with “-”) | 616,582,416.27 | 513,896,264.24 |
| Add: Non-operating income | 7,037,132.35 | 13,003,292.01 |
| Less: Non-operating expense | 6,364,902.62 | 3,477,731.10 |
| IV. Total profit (Loss is listed with “-”) | 617,254,646.00 | 523,421,825.15 |
| Less: Income tax expense | 73,975,762.36 | 4,446,696.74 |
| V. Net profit (Net loss is listed with “-”) | 543,278,883.64 | 518,975,128.41 |
| (i) Classify by business continuity | ||
| 1. Net profit from continuing operations (net loss listed with “-”) | 543,278,883.64 | 518,975,128.41 |
| 2. Net profit from termination of operations (net loss listed with “-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 530,440,364.03 | 498,774,154.38 |
| 2.Minority shareholders’ gains and losses | 12,838,519.61 | 20,200,974.03 |
| VI. Net after-tax of other comprehensive income | 149,851.21 | 1,562,287.57 |
| Net after-tax of other comprehensive income attributable to owners of parent company | 155,402.93 | 1,309,907.03 |
| (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 | 155,402.93 | 1,309,907.03 |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | 155,402.93 | 1,309,907.03 |
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | -5,551.72 | 252,380.54 |
| VII. Total comprehensive income | 543,428,734.85 | 520,537,415.98 |
| Total comprehensive income attributable to owners of parent Company | 530,595,766.96 | 500,084,061.41 |
| Total comprehensive income attributable to minority shareholders | 12,832,967.89 | 20,453,354.57 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.5150 | 0.4843 |
| (ii) Diluted earnings per share | 0.5150 | 0.4843 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00Yuan before combination, and realized 0.00 Yuan at last period for combined party.Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 23,085,624,738.80 | 19,690,794,267.32 |
| 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 | 878,299,622.69 | 545,575,086.82 |
| Other cash received concerning operating activities | 55,706,450.50 | 73,343,301.56 |
| Subtotal of cash inflow arising from operating activities | 24,019,630,811.99 | 20,309,712,655.70 |
| Cash paid for purchasing commodities and receiving labor service | 18,821,837,573.14 | 15,509,311,028.48 |
| 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 | 1,542,674,566.91 | 1,443,348,831.94 |
| Taxes paid | 294,992,410.27 | 402,056,677.82 |
| Other cash paid concerning operating activities | 614,698,458.22 | 548,729,081.61 |
| Subtotal of cash outflow arising from operating activities | 21,274,203,008.54 | 17,903,445,619.85 |
| Net cash flows arising from operating activities | 2,745,427,803.45 | 2,406,267,035.85 |
| II. Cash flows arising from investing activities: |
| Cash received from recovering investment | 7,438,000,000.00 | 630,000,000.00 |
| Cash received from investment income | 45,916,313.88 | 34,088,250.87 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 670,588.40 | 4,027,612.46 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 145,223,228.07 | 135,312,830.48 |
| Subtotal of cash inflow from investing activities | 7,629,810,130.35 | 803,428,693.81 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 223,226,696.20 | 177,289,681.51 |
| Cash paid for investment | 9,870,000,000.00 | 1,427,333,334.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 10,004,887.52 | 73,130,700.88 |
| Subtotal of cash outflow from investing activities | 10,103,231,583.72 | 1,677,753,716.39 |
| Net cash flows arising from investing activities | -2,473,421,453.37 | -874,325,022.58 |
| 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 | 1,798,005,348.24 | 1,135,721,085.04 |
| Other cash received concerning financing activities | 59,024,900.30 | 250,002,913.48 |
| Subtotal of cash inflow from financing activities | 1,857,030,248.54 | 1,385,723,998.52 |
| Cash paid for settling debts | 1,941,925,085.56 | 753,250,888.06 |
| Cash paid for dividend and profit distributing or interest paying | 331,222,527.04 | 126,145,172.10 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | 5,083,093.40 | 16,677,010.63 |
| Other cash paid concerning financing activities | 108,540,613.31 | 107,503,081.30 |
| Subtotal of cash outflow from financing activities | 2,381,688,225.91 | 986,899,141.46 |
| Net cash flows arising from financing activities | -524,657,977.37 | 398,824,857.06 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 19,235,492.91 | 1,594,491.69 |
| V. Net increase of cash and cash equivalents | -233,416,134.38 | 1,932,361,362.02 |
| Add: Balance of cash and cash equivalents at the period-begin | 8,391,128,635.87 | 6,113,222,069.76 |
| VI. Balance of cash and cash equivalents at the period-end | 8,157,712,501.49 | 8,045,583,431.78 |
Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun（ii）The information of the adjusting items related to the financial statements at the beginning ofthe year of first implementation due to the first implementation of new accounting standards from2024 Adjustment description
□Applicable ?Not applicable
(iii) Auditors 'ReportIs the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
The Board of Directors of Changhong Meiling Co., Ltd.
October 23,2024