WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
THE THIRD QUARTERLY REPORT 2019
October 2019
Section I. Important Notes
Board of Directors and the Supervisory Committee of Weifu High-TechnologyGroup Co., Ltd. (hereinafter referred to as the Company) and its directors,supervisors and senior executives hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report,and shall take all responsibilities, individual and/or joint, for the reality,accuracy and completion of the whole contents.All directors of the Company are attended the Meeting for quarterly reportdeliberation.Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge ofAccounting Work; Ou Jianbin, Person in Charge of Accounting Organization(Accounting Officer) hereby confirm that the Financial Report of the ThirdQuarterly Report is authentic, accurate and complete.
Section II. Basic information of Company
I. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period-end | Period-end of last year | Increase/decrease | ||||
| Total assets (RMB) | 22,823,147,790.09 | 20,892,041,460.30 | 9.24% | |||
| Net assets attributable to shareholders of listed company (RMB) | 16,445,855,352.30 | 15,913,828,778.82 | 3.34% | |||
| Current period | Increase/decrease in comparison with same period of last year | Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 1,916,020,020.78 | 0.90% | 6,319,464,366.83 | -7.88% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 470,100,118.65 | -7.89% | 1,726,761,695.74 | -16.00% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 426,217,054.93 | -5.90% | 1,540,311,879.67 | -15.91% | ||
| Net cash flow arising from operating activities (RMB) | -- | -- | 1,238,970,081.24 | 144.82% | ||
| Basic earnings per share (RMB/Share) | 0.46 | -9.80% | 1.71 | -16.18% | ||
| Diluted earnings per share (RMB/Share) | 0.46 | -9.80% | 1.71 | -16.18% | ||
| Weighted average ROE | 2.93% | -0.48% | 10.53% | -2.80% | ||
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
| Item | Amount from year-begin to end of the Period | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 4,701,459.14 | |
| Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 52,478,894.42 | |
| Gains/losses from entrusted investment or assets management | 158,539,790.49 |
| Held transaction financial asset, gains/losses of changes of fair values from transaction financial liabilities, and investment gains from disposal of transaction financial asset, transaction financial liabilities and financial asset available for sales, exclude the effective hedging business relevant with normal operations of the Company | 10,971,801.13 | |
| Restoring of receivable impairment provision that tested individually | 200,000.00 | |
| Other non-operating income and expenditure except for the aforementioned items | 1,492,181.99 | |
| Less: impact on income tax | 34,650,068.09 | |
| Impact on minority shareholders’ equity (post-tax) | 7,284,243.01 | |
| Total | 186,449,816.07 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss.
II. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
| Total common shareholders at the end of report period | 63,734 | Total preferred stockholders with voting rights recover at the end of report period (if applicable) | 0 | ||||||
| Top ten shareholders | |||||||||
| Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | ||||
| State of share | Amount | ||||||||
| WUXI INDUSTRY DEVELOPMENT GROUP CO., LTD. | State-owned corporate | 20.22% | 204,059,398 | ||||||
| ROBERT BOSCH GMBH | Foreign corporate | 14.16% | 142,841,400 | ||||||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | Foreign corporate | 4.60% | 46,394,604 | ||||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 1.84% | 18,530,315 | ||||||
| Central Huijin Investment Ltd. | State-owned corporate | 1.27% | 12,811,200 | |||||
| China Life Insurance - traditional - general insurance products - 005L-CT001 Shen | Other | 1.21% | 12,238,898 | |||||
| China Life Insurance- Bonus -Individual bonus - -005L-FH002 Shen | Other | 1.14% | 11,476,551 | |||||
| Agricultural Bank of China – CIC 500 ETF | Other | 0.63% | 6,371,675 | |||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.61% | 6,122,887 | |||||
| New China Life Insurance Co., Ltd. - Traditional -Common Insurance Products - 018L-CT001 Shen | Other | 0.56% | 5,690,585 | |||||
| Particular about top ten shareholders with un-restrict shares held | ||||||||
| Shareholders | Amount of un-restrict common shares held | Type of shares | ||||||
| Type | Amount | |||||||
| WUXI INDUSTRY DEVELOPMENT GROUP CO., LTD. | 204,059,398 | RMB common shares | 204,059,398 | |||||
| ROBERT BOSCH GMBH | 142,841,400 | RMB common shares | 115,260,600 | |||||
| Domestically listed foreign shares | 27,580,800 | |||||||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | 46,394,604 | RMB common shares | 46,394,604 | |||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | 18,530,315 | Domestically listed foreign shares | 18,530,315 | |||||
| Central Huijin Investment Ltd. | 12,811,200 | RMB common shares | 12,811,200 | |||||
| China Life Insurance - traditional - general insurance products - 005L-CT001 Shen | 12,238,898 | RMB common shares | 12,238,898 | |||||
| China Life Insurance- Bonus -Individual bonus - -005L-FH002 Shen | 11,476,551 | RMB common shares | 11,476,551 | |||||
| Agricultural Bank of China – CIC 500 ETF | 6,371,675 | RMB common shares | 6,371,675 | |||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | 6,122,887 | Domestically listed foreign shares | 6,122,887 | |||||
| New China Life Insurance Co., Ltd. - Traditional -Common Insurance Products - 018L-CT001 Shen | 5,690,585 | RMB common shares | 5,690,585 | |||||
| Explanation on related relationship or concerted action among the above mentioned shareholders | Among the top ten shareholders, there has no associated relationship between Wuxi Industry Development Group Co., Ltd. and other shareholders, the first largest shareholder of the Company; and they do not belong to the consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company. | |||||||
| Explanation on top 10 shareholders involving margin business (if applicable) (see note 4) | Not applicable |
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-backagreement dealing in reporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
(I) Changes of items of balance sheet and cause analysis:
1. Notes receivable increased 382.2288 million Yuan at the end of the Period compared with the end of last yearwith 33.29% up, mainly because endorsement of note receivable declined in the period;
2. Advance payment increased 38.8763 million Yuan at the end of the Period compared with the end of last yearwith 41.07% up, mainly because advance payment for materials in the period;
3. Other account receivable decreased 29.0839 million Yuan at the end of the Period compared with the end oflast year with 34.39% down, mainly because compensation for assets disposal are collected by Weifu Jinning inthe period;
4. Other current assets decreased 4583.9966 million Yuan at the end of the Period compared with the end of lastyear, financial assets available for sale decreased 255.9752 million Yuan at the end of the Period compared withthe end of last year, Other equity instrument investment increased 186.94 million Yuan at the end of the Periodcompared with the end of last year, other non current financial assets increased 768.80 million Yuan at the end ofthe Period compared with the end of last year, mainly due to the re-classification for new financial instrumentstandards implemented in the period;
5. Construction in progress increased 128.2331 million Yuan at the end of the Period compared with the end oflast year with 77.06% up, mainly because the technical equipment increased;
6. Goodwill increased 53.8073 million Yuan at the end of the Period compared with the end of last year, mainlybecause in Denmark, wholly-owned subsidiary of the Company purchase 66% equity of Denmark IRD Fuel CellsA/S (hereinafter referred to as IRD), the acquisition cost greater than the book value of net assets on the date ofacquisition;
7. Notes payable increased 973.2629 million Yuan at the end of the Period compared with the end of last year with
95.57% up, mainly because note payable issued to suppliers increased;
8. Accounts payable increased 617.7347 million Yuan at the end of the Period compared with the end of last yearwith 30.17% up, mainly because the account payable for purchasing increased in the period;
9. Other comprehensive income: according to relevant accounting standards under the new financial instrumentare re-classified to “retained profit”.(II) Changes of items of income statement and cause analysis:
1. Financial expenses decreased 36.7203 million Yuan over the same period of last year, mainly because theinterest income increased;
(III) Changes of items of cash flow statement and cause analysis:
1. Net cash flow arising from operation activity increased 732.9 million Yuan over same period last year, mainlybecause expenses from purchasing declined and the interest income increased;
2. Net cash flow arising from investment activity increased 318.72 million Yuan over same period last year,mainly because received bonus income in the period and income from demolition and disposal;
3. Net cash flow arising from financing activity decreased 131.22 million Yuan over same period last year, mainlybecause bank loans are declined over same period last year.II. Progress of significant events, their influences, and analysis and explanation of theirsolutions
√ Applicable □Not applicable
Parts of the joint-stock enterprise’s equity held by the Company freeze
1. On 6 March 2017, the Company received litigation documents mailed by Shenzhen Intermediate People’s Courtof Guangdong Province (hereinafter referred to as Shenzhen Intermediate People’s Court). The documents wereconcerning about the dispute case that the plaintiff applicant China Cinda Asset Management Co., Ltd. ShenzhenBranch appealed the respondent Weifu High Technology and other seven respondents and the third partyShenzhen Hejun Venture Holding Co., Ltd. (hereinafter referred to as Hejun Company) damaged the interests ofcorporate creditors, two cases are included in total. After civil ruling as No.(2016)Y03MC2490 and No.(2016)Y03MC2492 from Shenzhen Intermediate People's Court, the assets under the name of above said eightdefendants 217 million Yuan in total are being seal up, seized or freeze. Ended as the reporting period, the 4.71million shares of Miracle Logistics and 11,739,102 shares of SDEC Stock held by the Company has been freeze.The first trial open dated 24 September 2017, and further courts will give until further notice.
2. The Company has applied to the Futian Court for compulsory liquidation of Hejun Company. Futian Court hasmade a civil ruling ((2017) Yue 0304 QS No. 5) which ruled to execute compulsory liquidation to Hejun Company.The Company will actively cooperate with the court to do the relevant liquidation work and safeguard thelegitimate rights and interests of the Company.
| Overview | Disclosure date | Query index for interim notice |
| Parts of the joint-stock enterprise’s equity held by the Company freeze | 2017-03-08 | (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn) |
| 2017-12-06 | (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn) |
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments that the company, shareholders, actual controller, offeror, directors,supervisors, senior management or other related parties have fulfilled during the reportingperiod and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management orother related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.IV. Particular about security investment
√ Applicable □Not applicable
In RMB
| Variety of securities | Code of securities | Short form of securities | Initial investment cost | Accounting measurement model | Book value at the beginning of the period | Changes in fair value of the current profit and loss | Cumulative fair value changes in equity | Current purchase amount | Current sales amount | Profit and loss in the Reporting Period | Book value at the end of the period | Accounting subject | Source of stock |
| Domestic and foreign stocks | 600841 | SDEC | 199,208,000.00 | Measured by fair value | 85,458,408.00 | 9,351,072.00 | 9,961,489.20 | 94,809,480.00 | Tradable financial assets | Own funds | |||
| Domestic and foreign stocks | 002009 | Miracle Logistics | 69,331,500.00 | Measured by fair value | 35,607,600.00 | 1,130,400.00 | 1,398,870.00 | 36,738,000.00 | Tradable financial assets | Own funds | |||
| Total | 268,539,500.00 | -- | 121,066,008.00 | 10,481,472.00 | 0.00 | 0.00 | 0.00 | 11,360,359.20 | 131,547,480.00 | -- | -- | ||
| Disclosure date of securities investment approval from the Board | 2012-03-24 | ||||||||||||
| 2013-06-04 | |||||||||||||
V. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
| Type | Capital resources | Amount for entrust | Balance un-expired | Overdue amount |
| Bank financing product | Own funds | 257,000 | 250,000 | 0 |
| Brokerage financing products | Own funds | 24,000 | 24,000 | 0 |
| Trust financing products | Own funds | 169,774 | 164,774 | 0 |
| Other | Own funds | 90,495 | 61,145 | 0 |
| Total | 541,269 | 499,919 | 0 | |
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed:
√ Applicable □Not applicable
In 10 thousand Yuan
| Trustee institution r name | Trustee type | Type | Amount | Source of funds | Start date | End date | Capital investment purpose | Criteria for fixing reward | Reference annual rate of return | Anticipated income (if applicable) | Actual gains/losses in period | Actual collected gains/losses in period | Amount of reserve for devaluation of withdrawing (if applicable) | Whether approved by legal procedure (Y/N) | Whether has entrust finance plan in the future | Summary of the items and related query index (if applicable) |
| Bank | Bank | Non-guaranteed floating income | 350,000 | Own funds | 2019-01-03 | 2020-03-30 | Bank financial products | Reference annualized yield by agreement | 3.7%-4.55% | 6,106.19 | 7,114.23 | Collected by agreement | 0 | Y | Y | April 23, 2019 (Announcement No.: 2019-010) |
| Brokerage | Brokerage | Non-guaranteed floating income | 26,000 | Own funds | 2019-05-14 | 2020-05-13 | Collective assets management plan | Reference annualized yield by agreement | 4.3%-5.3% | 635.05 | 147.69 | Collected by agreement | 0 | Y | Y | |
| Trust | Trust | Non-guaranteed floating income | 173,880 | Own funds | 2019-01-17 | 2021-08-21 | Collective trust scheme | Reference annualized yield by agreement | 4.5%-8.7% | 14,345.23 | 4,616.05 | Collected by agreement | 0 | Y | Y | |
| Others (funds, etc.) | Others (funds, etc.) | Non-guaranteed floating income | 58,000 | Own funds | 2019-01-04 | 2020-10-31 | Fund products with fixed incom | Reference annualized yield | 5%-9.5% | 3,612.3 | 4,617.74 | Collected by agreement | 0 | Y | Y |
| e | by agreement | |||||||||||||
| Total | 607,880 | -- | -- | -- | -- | -- | -- | 24,698.77 | 16,495.71 | -- | 0 | -- | -- | -- |
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Date | Method | Type of investors | Index for the interview and research |
| Form 1 Jan. to 30 Sept. 2019 | Written inquiry | Other | The Company answered questions for investors online through the investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/) |
| Form 1 Jan. to 30 Sept. 2019 | Telephone communication | Other | Getting the basic information of the Company and market conditions by telephone |
VIII. External security against the rules
□ Applicable √ Not applicable
The Company has no external security against the rules in the Period
IX. Controlling shareholders' and its related party's non-business capital occupying of thelisted company
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
Section IV. Financial StatementI. Financial statement
1. Consolidate balance sheet
Prepared by Weifu High-Technology Group Co., Ltd.
2019-09-30
In RMB
| Item | 2019-9-30 | 2018-12-31 |
| Current assets: | ||
| Monetary funds | 2,738,298,511.58 | 2,616,321,740.73 |
| Settlement provisions | ||
| Capital lent | ||
| Tradable financial assets | 4,409,755,079.43 | |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable | 1,530,336,351.26 | 1,148,107,603.68 |
| Account receivable | 2,209,911,329.35 | 1,919,793,266.91 |
| Receivable financing | ||
| Accounts paid in advance | 133,527,735.27 | 94,651,431.31 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 55,498,326.16 | 84,582,246.16 |
| Including: Interest receivable | 95,062.50 | 1,842,437.50 |
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 1,715,743,285.73 | 1,438,528,714.59 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 48,140,980.04 | 4,632,137,600.26 |
| Total current assets | 12,841,211,598.82 | 11,934,122,603.64 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Finance asset available for sales | 255,975,176.91 | |
| Other debt investment | ||
| Held-to-maturity investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 5,123,468,311.43 | 4,976,773,946.74 |
| Investment in other equity instrument | 186,940,000.00 | |
| Other non-current financial assets | 768,800,000.00 | |
| Investment real estate | 20,745,091.24 | 21,906,134.52 |
| Fixed assets | 2,709,714,235.51 | 2,707,374,678.61 |
| Construction in progress | 294,647,637.63 | 166,414,542.18 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 324,663,804.16 | 324,892,822.75 |
| Expense on Research and Development | ||
| Goodwill | 55,591,347.00 | 1,784,086.79 |
| Long-term expenses to be apportioned | 18,142,695.08 | 16,637,652.31 |
| Deferred income tax asset | 210,723,234.29 | 234,697,139.58 |
| Other non-current asset | 268,499,834.93 | 251,462,676.27 |
| Total non-current asset | 9,981,936,191.27 | 8,957,918,856.66 |
| Total assets | 22,823,147,790.09 | 20,892,041,460.30 |
| Current liabilities: | ||
| Short-term loans | 335,178,090.67 | 298,928,213.94 |
| Loan from central bank | ||
| Capital borrowed | ||
| Tradable financial liability | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | 490,329.13 | |
| Note payable | 1,991,630,397.80 | 1,018,367,533.74 |
| Account payable | 2,665,071,495.37 | 2,047,336,834.66 |
| Accounts received in advance | 51,488,432.44 | 41,329,857.80 |
| Contractual liability | ||
| Selling financial asset of repurchase | ||
| Absorbing deposit and inter-bank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 265,041,962.07 | 312,113,178.24 |
| Taxes payable | 41,002,404.48 | 74,271,613.92 |
| Other account payable | 51,141,250.70 | 64,448,723.52 |
| Including: Interest payable | 643,733.42 | 517,469.08 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 15,000,000.00 | |
| Other current liabilities | ||
| Total current liabilities | 5,400,554,033.53 | 3,872,286,284.95 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 30,000,000.00 | |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | 35,083,263.11 | 35,422,354.11 |
| Long-term wages payable | 74,679,175.36 | 74,679,175.36 |
| Accrual liability | ||
| Deferred income | 419,514,861.51 | 425,769,854.13 |
| Deferred income tax liabilities | 3,401,690.48 | 1,912,744.40 |
| Other non-current liabilities | ||
| Total non-current liabilities | 532,678,990.46 | 567,784,128.00 |
| Total liabilities | 5,933,233,023.99 | 4,440,070,412.95 |
| Owner’s equity: |
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 3,391,604,168.84 | 3,416,022,795.14 |
| Less: Inventory shares | ||
| Other comprehensive income | 3,116,678.13 | -19,809,442.95 |
| Reasonable reserve | 2,778,305.97 | 1,618,490.50 |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 |
| Provision of general risk | ||
| Retained profit | 11,529,305,133.36 | 10,996,945,870.13 |
| Total owner’ s equity attributable to parent company | 16,445,855,352.30 | 15,913,828,778.82 |
| Minority interests | 444,059,413.80 | 538,142,268.53 |
| Total owner’ s equity | 16,889,914,766.10 | 16,451,971,047.35 |
| Total liabilities and owner’ s equity | 22,823,147,790.09 | 20,892,041,460.30 |
Legal Representative: Chen XuejunPerson in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
| Item | 2019-9-30 | 2018-12-31 |
| Current assets: | ||
| Monetary funds | 1,865,296,561.13 | 1,922,408,227.00 |
| Tradable financial assets | 4,149,755,079.43 | |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Note receivable | 203,336,197.42 | 264,264,207.30 |
| Account receivable | 667,004,047.32 | 742,246,990.99 |
| Receivable financing | ||
| Accounts paid in advance | 76,539,287.27 | 59,028,927.25 |
| Other account receivable | 250,660,019.92 | 196,849,092.13 |
| Including: Interest receivable | 30,570.83 | 188,682.78 |
| Dividend receivable | ||
| Inventories | 438,535,813.80 | 492,054,274.67 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 13,893,534.65 | 4,576,688,553.49 |
| Total current assets | 7,665,020,540.94 | 8,253,540,272.83 |
| Non-current assets: | ||
| Debt investment | ||
| Available-for-sale financial assets | 180,035,176.91 | |
| Other debt investment | ||
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 6,082,862,441.22 | 5,739,110,426.55 |
| Investment in other equity instrument | 111,000,000.00 | |
| Other non-current financial assets | 768,800,000.00 | |
| Investment real estate | ||
| Fixed assets | 1,537,795,177.08 | 1,534,109,106.80 |
| Construction in progress | 173,740,910.69 | 78,673,300.59 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 190,792,864.13 | 188,101,655.94 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | 115,841,961.43 | 140,286,756.70 |
| Other non-current assets | 198,566,530.82 | 184,208,090.40 |
| Total non-current assets | 9,179,399,885.37 | 8,044,524,513.89 |
| Total assets | 16,844,420,426.31 | 16,298,064,786.72 |
| Current liabilities: | ||
| Short-term borrowings | 135,500,000.00 | 112,000,000.00 |
| Tradable financial liability | ||
| Financial liability measured by fair value and with |
| variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable | 362,507,852.24 | 330,545,052.37 |
| Account payable | 819,454,424.49 | 823,693,469.51 |
| Accounts received in advance | 4,195,085.18 | 6,639,554.63 |
| Contractual liability | ||
| Wage payable | 174,862,754.24 | 200,205,508.25 |
| Taxes payable | 24,058,340.08 | 39,193,425.15 |
| Other accounts payable | 39,713,975.00 | 12,142,596.68 |
| Including: Interest payable | 283,127.78 | 149,966.66 |
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 1,560,292,431.23 | 1,524,419,606.59 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long term employee compensation payable | 63,962,762.93 | 63,962,762.93 |
| Accrued liabilities | ||
| Deferred income | 368,548,829.05 | 381,609,056.40 |
| Deferred income tax liabilities | 1,572,220.80 | |
| Other non-current liabilities | ||
| Total non-current liabilities | 434,083,812.78 | 445,571,819.33 |
| Total liabilities | 1,994,376,244.01 | 1,969,991,425.92 |
| Owners’ equity: | ||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities |
| Capital public reserve | 3,488,221,286.39 | 3,488,221,286.39 |
| Less: Inventory shares | ||
| Other comprehensive income | -19,809,442.95 | |
| Special reserve | ||
| Surplus reserve | 510,100,496.00 | 510,100,496.00 |
| Retained profit | 9,842,771,829.91 | 9,340,610,451.36 |
| Total owner’s equity | 14,850,044,182.30 | 14,328,073,360.80 |
| Total liabilities and owner’s equity | 16,844,420,426.31 | 16,298,064,786.72 |
3. Consolidated Profit Statement (the period)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 1,916,020,020.78 | 1,898,914,219.62 |
| Including: Operating income | 1,916,020,020.78 | 1,898,914,219.62 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 1,798,254,914.36 | 1,794,520,230.39 |
| Including: Operating cost | 1,547,533,563.20 | 1,500,174,561.45 |
| 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 | 10,679,124.43 | 12,088,931.79 |
| Sales expense | 62,375,586.60 | 51,306,210.48 |
| Administrative expense | 106,951,424.44 | 149,721,042.18 |
| R&D expense | 88,447,560.87 | 89,957,375.50 |
| Financial expense | -17,732,345.18 | -8,727,891.01 |
| Including: Interest expenses | 4,119,051.19 | 3,519,363.80 |
| Interest income | 16,205,153.85 | 11,924,507.72 |
| Add: other income | 8,299,567.47 | 11,432,760.47 |
| Investment income (Loss is listed with “-”) | 400,210,218.92 | 432,468,507.12 |
| Including: Investment income on affiliated company and joint venture | 330,720,999.96 | 370,057,450.82 |
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | -19,714,476.00 | |
| Loss of credit impairment (Loss is listed with “-”) | -6,818,584.59 | |
| Losses of devaluation of asset (Loss is listed with “-”) | -3,909,288.35 | |
| Income from assets disposal (Loss is listed with “-”) | 68,162.17 | -783,051.95 |
| III. Operating profit (Loss is listed with “-”) | 499,809,994.39 | 543,602,916.52 |
| Add: Non-operating income | 658,015.10 | 2,062,006.74 |
| Less: Non-operating expense | 675,444.41 | 6,368,628.96 |
| IV. Total profit (Loss is listed with “-”) | 499,792,565.08 | 539,296,294.30 |
| Less: Income tax expense | 23,979,285.80 | 21,775,897.49 |
| V. Net profit (Net loss is listed with “-”) | 475,813,279.28 | 517,520,396.81 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 475,813,279.28 | 517,520,396.81 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 470,100,118.65 | 510,387,493.91 |
| 2.Minority shareholders’ gains and losses | 5,713,160.63 | 7,132,902.90 |
| VI. Net after-tax of other comprehensive income | 4,106,858.43 | -26,099,780.40 |
| Net after-tax of other comprehensive income attributable to owners of parent company | 2,855,086.59 | -26,099,780.40 |
| (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 | 2,855,086.59 | -26,099,780.40 |
| reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | -26,099,780.40 | |
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | 2,855,086.59 | |
| 9.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 1,251,771.84 | |
| VII. Total comprehensive income | 479,920,137.71 | 491,420,616.41 |
| Total comprehensive income attributable to owners of parent Company | 472,955,205.24 | 484,287,713.51 |
| Total comprehensive income attributable to minority shareholders | 6,964,932.47 | 7,132,902.90 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.46 | 0.51 |
| (ii) Diluted earnings per share | 0.46 | 0.51 |
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0Yuan achieved last periodLegal Representative: Chen XuejunPerson in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
4. Profit Statement of Parent Company (the period)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 828,982,172.49 | 848,388,482.53 |
| Less: Operating cost | 653,400,959.95 | 621,196,194.58 |
| Taxes and surcharge | 6,802,609.00 | 6,354,222.41 |
| Sales expenses | 8,778,996.50 | 8,715,558.72 |
| Administration expenses | 46,561,420.48 | 99,355,100.44 |
| R&D expenses | 38,285,533.62 | 39,239,700.36 |
| Financial expenses | -23,174,856.95 | -10,370,818.41 |
| Including: interest expenses | 1,360,727.13 | 1,939,344.45 |
| Interest income | 18,048,180.81 | 10,645,854.58 |
| Add: other income | 5,957,952.88 | 9,993,445.81 |
| Investment income (Loss is listed with “-”) | 484,352,775.90 | 405,801,333.02 |
| Including: Investment income on affiliated Company and joint venture | 316,194,045.81 | 347,419,208.23 |
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value (Loss is listed with “-”) | -19,714,476.00 | |
| Loss of credit impairment (Loss is listed with “-”) | -240,584.40 | |
| Losses of devaluation of asset (Loss is listed with “-”) | -314,165.39 | |
| Income on disposal of assets (Loss is listed with “-”) | 49,380.96 | 58,612.89 |
| II. Operating profit (Loss is listed with “-”) | 568,732,559.23 | 499,437,750.76 |
| Add: Non-operating income | 11,730.00 | 2,907.94 |
| Less: Non-operating expense | 250,034.98 | 6,157,201.14 |
| III. Total Profit (Loss is listed with “-”) | 568,494,254.25 | 493,283,457.56 |
| Less: Income tax | 20,714,710.20 | 18,406,615.68 |
| IV. Net profit (Net loss is listed with “-”) | 547,779,544.05 | 474,876,841.88 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 547,779,544.05 | 474,876,841.88 |
| (ii) termination of net profit (net loss listed with ‘-”) | ||
| V. Net after-tax of other comprehensive income | -26,099,780.40 | |
| (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 | -26,099,780.40 |
| reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | -26,099,780.40 | |
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 547,779,544.05 | 448,777,061.48 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 6,319,464,366.83 | 6,859,716,110.61 |
| Including: Operating income | 6,319,464,366.83 | 6,859,716,110.61 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 5,804,031,464.87 | 6,240,664,902.74 |
| Including: Operating cost | 4,952,920,067.64 | 5,389,764,851.14 |
| 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 | 45,213,696.09 | 50,089,284.19 |
| Sales expense | 166,646,234.00 | 157,653,770.33 |
| Administrative expense | 417,861,404.87 | 386,260,452.81 |
| R&D expense | 268,615,203.03 | 267,401,343.65 |
| Financial expense | -47,225,140.76 | -10,504,799.38 |
| Including: Interest expenses | 13,383,699.61 | 12,595,318.85 |
| Interest income | 64,622,073.68 | 23,608,605.34 |
| Add: other income | 25,931,685.42 | 25,465,220.18 |
| Investment income (Loss is listed with “-”) | 1,288,426,899.40 | 1,581,501,675.51 |
| Including: Investment income on affiliated company and joint venture | 1,121,186,131.01 | 1,338,697,596.73 |
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | 10,971,801.13 | |
| Loss of credit impairment (Loss is listed with “-”) | -13,056,375.34 | |
| Losses of devaluation of asset (Loss is listed with “-”) | -1,500,885.27 | -3,899,200.97 |
| Income from assets disposal (Loss is listed with “-”) | 5,176,010.62 | 805,133.41 |
| III. Operating profit (Loss is listed with “-”) | 1,831,382,037.92 | 2,222,924,036.00 |
| Add: Non-operating income | 28,202,772.36 | 5,943,135.61 |
| Less: Non-operating expense | 3,306,897.43 | 8,696,501.34 |
| IV. Total profit (Loss is listed with “-”) | 1,856,277,912.85 | 2,220,170,670.27 |
| Less: Income tax expense | 105,361,940.34 | 124,703,195.45 |
| V. Net profit (Net loss is listed with “-”) | 1,750,915,972.51 | 2,095,467,474.82 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 1,750,915,972.51 | 2,095,467,474.82 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 1,726,761,695.74 | 2,055,630,198.83 |
| 2.Minority shareholders’ gains and losses | 24,154,276.77 | 39,837,275.99 |
| VI. Net after-tax of other comprehensive income | 4,378,395.63 | -84,402,360.75 |
| Net after-tax of other comprehensive income attributable to | 3,116,678.13 | -84,402,360.75 |
| owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | 3,116,678.13 | -84,402,360.75 |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | -84,402,360.75 | |
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | 3,116,678.13 | |
| 9.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 1,261,717.50 | |
| VII. Total comprehensive income | 1,755,294,368.14 | 2,011,065,114.07 |
| Total comprehensive income attributable to owners of parent Company | 1,729,878,373.87 | 1,971,227,838.08 |
| Total comprehensive income attributable to minority shareholders | 25,415,994.27 | 39,837,275.99 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 1.71 | 2.04 |
| (ii) Diluted earnings per share | 1.71 | 2.04 |
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0Yuan achieved last period
Legal Representative: Chen XuejunPerson in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 2,921,456,632.73 | 3,163,531,137.66 |
| Less: Operating cost | 2,125,372,474.65 | 2,319,712,717.48 |
| Taxes and surcharge | 24,313,512.97 | 27,115,075.05 |
| Sales expenses | 24,099,338.93 | 25,746,366.68 |
| Administration expenses | 257,561,447.82 | 245,339,078.79 |
| R&D expenses | 114,159,344.52 | 109,515,485.12 |
| Financial expenses | -64,267,045.54 | -15,700,898.36 |
| Including: interest expenses | 4,958,091.05 | 5,529,002.77 |
| Interest income | 62,790,598.05 | 19,693,248.44 |
| Add: other income | 17,641,177.18 | 21,807,229.20 |
| Investment income (Loss is listed with “-”) | 1,324,568,137.56 | 1,543,151,562.04 |
| Including: Investment income on affiliated Company and joint venture | 1,058,657,858.04 | 1,242,207,334.77 |
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value (Loss is listed with “-”) | 10,481,472.00 | |
| Loss of credit impairment (Loss is listed with “-”) | -2,141,962.10 | |
| Losses of devaluation of asset (Loss is listed with “-”) | -24,294.39 | -782,787.78 |
| Income on disposal of assets (Loss is listed with “-”) | 1,893,432.44 | 757,456.62 |
| II. Operating profit (Loss is listed with “-”) | 1,792,635,522.07 | 2,016,736,772.98 |
| Add: Non-operating income | 26,764.36 | 29,458.29 |
| Less: Non-operating expense | 1,446,287.89 | 7,147,094.09 |
| III. Total Profit (Loss is listed with “-”) | 1,791,215,998.54 | 2,009,619,137.18 |
| Less: Income tax | 94,652,187.48 | 101,251,244.84 |
| IV. Net profit (Net loss is listed with “-”) | 1,696,563,811.06 | 1,908,367,892.34 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 1,696,563,811.06 | 1,908,367,892.34 |
| (ii) termination of net profit (net loss listed with ‘-”) |
| V. Net after-tax of other comprehensive income | -84,402,360.75 | |
| (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 | -84,402,360.75 | |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.gain/loss of fair value changes for available-for-sale financial assets | -84,402,360.75 | |
| 4.Amount of financial assets re-classify to other comprehensive income | ||
| 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset | ||
| 6.Credit impairment provision for other debt investment | ||
| 7.Cash flow hedging reserve | ||
| 8.Translation differences arising on translation of foreign currency financial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 1,696,563,811.06 | 1,823,965,531.59 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 6,469,994,384.05 | 6,420,868,275.01 |
| Net increase of customer deposit and inter-bank 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 | 41,580,951.27 | 48,634,147.48 |
| Other cash received concerning operating activities | 110,778,197.88 | 36,744,426.26 |
| Subtotal of cash inflow arising from operating activities | 6,622,353,533.20 | 6,506,246,848.75 |
| Cash paid for purchasing commodities and receiving labor service | 3,817,334,081.37 | 4,238,426,941.42 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and inter-bank | ||
| 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 | 940,247,241.06 | 986,066,952.04 |
| Taxes paid | 390,676,910.12 | 470,637,881.75 |
| Other cash paid concerning operating activities | 235,125,219.41 | 305,045,263.08 |
| Subtotal of cash outflow arising from operating activities | 5,383,383,451.96 | 6,000,177,038.29 |
| Net cash flows arising from operating activities | 1,238,970,081.24 | 506,069,810.46 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 5,894,803,412.42 | 7,714,706,837.03 |
| Cash received from investment income | 1,131,495,657.28 | 1,134,719,735.92 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 72,646,662.26 | 40,310,372.43 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 7,098,945,731.96 | 8,889,736,945.38 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 358,576,210.84 | 455,493,121.66 |
| Cash paid for investment | 6,387,322,000.00 | 8,463,843,284.96 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | 49,930,736.62 | |
| Other cash paid concerning investing activities | 24,000,000.00 | 10,000,000.00 |
| Subtotal of cash outflow from investing activities | 6,819,828,947.46 | 8,929,336,406.62 |
| Net cash flows arising from investing activities | 279,116,784.50 | -39,599,461.24 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | 13,880,037.60 | |
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | 13,880,037.60 | |
| Cash received from loans | 476,760,078.03 | 372,755,051.21 |
| Other cash received concerning financing activities | 5,470,000.00 | |
| Subtotal of cash inflow from financing activities | 490,640,115.63 | 378,225,051.21 |
| Cash paid for settling debts | 485,510,201.30 | 273,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 1,249,718,662.01 | 1,224,060,591.43 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | 26,271,705.11 | 174,600.00 |
| Other cash paid concerning financing activities | 5,809,091.00 | 339,091.00 |
| Subtotal of cash outflow from financing activities | 1,741,037,954.31 | 1,497,399,682.43 |
| Net cash flows arising from financing activities | -1,250,397,838.68 | -1,119,174,631.22 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | -6,845,918.83 | 4,550,314.63 |
| V. Net increase of cash and cash equivalents | 260,843,108.23 | -648,153,967.37 |
| Add: Balance of cash and cash equivalents at the period -begin | 2,404,674,139.49 | 2,948,439,354.22 |
| VI. Balance of cash and cash equivalents at the period -end | 2,665,517,247.72 | 2,300,285,386.85 |
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 3,287,576,153.27 | 3,839,689,306.03 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 67,213,435.93 | 19,693,248.44 |
| Subtotal of cash inflow arising from operating activities | 3,354,789,589.20 | 3,859,382,554.47 |
| Cash paid for purchasing commodities and receiving labor service | 1,847,985,017.74 | 2,396,479,395.04 |
| Cash paid to/for staff and workers | 502,010,559.74 | 527,189,432.25 |
| Taxes paid | 245,672,049.82 | 327,029,152.13 |
| Other cash paid concerning operating activities | 116,624,299.79 | 220,686,532.94 |
| Subtotal of cash outflow arising from operating activities | 2,712,291,927.09 | 3,471,384,512.36 |
| Net cash flows arising from operating activities | 642,497,662.11 | 387,998,042.11 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 5,389,803,412.42 | 7,450,776,671.49 |
| Cash received from investment income | 1,192,272,663.55 | 1,103,693,650.17 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 4,206,404.75 | 38,606,710.25 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 226,818,698.47 | 75,274,713.09 |
| Subtotal of cash inflow from investing activities | 6,813,101,179.19 | 8,668,351,745.00 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 227,211,753.37 | 209,627,425.25 |
| Cash paid for investment | 5,753,942,000.00 | 7,957,713,200.00 |
| Net cash received from subsidiaries and other units obtained | 82,156,428.71 | |
| Other cash paid concerning investing activities | 259,380,372.33 | 179,000,000.00 |
| Subtotal of cash outflow from investing activities | 6,322,690,554.41 | 8,346,340,625.25 |
| Net cash flows arising from investing activities | 490,410,624.78 | 322,011,119.75 |
| III. Cash flows arising from financing activities: | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 231,500,000.00 | 180,000,000.00 |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 231,500,000.00 | 180,000,000.00 |
| Cash paid for settling debts | 208,000,000.00 | 78,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 1,215,565,613.93 | 1,216,155,809.00 |
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 1,423,565,613.93 | 1,294,155,809.00 |
| Net cash flows arising from financing activities | -1,192,065,613.93 | -1,114,155,809.00 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | -6,064,069.05 | 3,695,159.21 |
| V. Net increase of cash and cash equivalents | -65,221,396.09 | -400,451,487.93 |
| Add: Balance of cash and cash equivalents at the period -begin | 1,920,076,358.43 | 2,454,696,969.20 |
| VI. Balance of cash and cash equivalents at the period -end | 1,854,854,962.34 | 2,054,245,481.27 |
II. Financial statement adjustment
1. Relevant items of the financial statement at beginning of the year when implementing the new financialinstrument standards, new revenue standards or new leasing standards since 2019
√ Applicable □ Not applicable
Consolidated Balance Sheet
In RMB
| Item | 2018-12-31 | 2019-01-01 | Adjustment |
| Current assets: | |||
| Monetary funds | 2,616,321,740.73 | 2,616,321,740.73 | |
| Settlement provisions | |||
| Capital lent | |||
| Tradable financial assets | 4,740,773,607.43 | 4,740,773,607.43 | |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | |||
| Derivative financial assets | |||
| Note receivable | 1,148,107,603.68 | 1,148,107,603.68 | |
| Account receivable | 1,919,793,266.91 | 1,919,793,266.91 | |
| Receivable financing | |||
| Accounts paid in advance | 94,651,431.31 | 94,651,431.31 | |
| Insurance receivable | |||
| Reinsurance receivables | |||
| Contract reserve of reinsurance receivable | |||
| Other account receivable | 84,582,246.16 | 84,582,246.16 | |
| Including: Interest receivable | 1,842,437.50 | 1,842,437.50 | |
| Dividend receivable | |||
| Buying back the sale of financial assets | |||
| Inventories | 1,438,528,714.59 | 1,438,528,714.59 | |
| Contractual assets | |||
| Assets held for sale | |||
| Non-current asset due within one year | |||
| Other current assets | 4,632,137,600.26 | 60,250,896.83 | -4,571,886,703.43 |
| Total current assets | 11,934,122,603.64 | 12,103,009,507.64 | 168,886,904.00 |
| Non-current assets: | |||
| Loans and payments on behalf |
| Debt investment | |||
| Finance asset available for sales | 255,975,176.91 | -255,975,176.91 | |
| Other debt investment | |||
| Held-to-maturity investment | |||
| Long-term account receivable | |||
| Long-term equity investment | 4,976,773,946.74 | 4,976,773,946.74 | |
| Investment in other equity instrument | 87,088,272.91 | 87,088,272.91 | |
| Other non-current financial assets | |||
| Investment real estate | 21,906,134.52 | 21,906,134.52 | |
| Fixed assets | 2,707,374,678.61 | 2,707,374,678.61 | |
| Construction in progress | 166,414,542.18 | 166,414,542.18 | |
| Productive biological asset | |||
| Oil and gas asset | |||
| Right-of-use assets | |||
| Intangible assets | 324,892,822.75 | 324,892,822.75 | |
| Expense on Research and Development | |||
| Goodwill | 1,784,086.79 | 1,784,086.79 | |
| Long-term expenses to be apportioned | 16,637,652.31 | 16,637,652.31 | |
| Deferred income tax asset | 234,697,139.58 | 234,697,139.58 | |
| Other non-current asset | 251,462,676.27 | 251,462,676.27 | |
| Total non-current asset | 8,957,918,856.66 | 8,789,031,952.66 | -168,886,904.00 |
| Total assets | 20,892,041,460.30 | 20,892,041,460.30 | |
| Current liabilities: | |||
| Short-term loans | 298,928,213.94 | 298,928,213.94 | |
| Loan from central bank | |||
| Capital borrowed | |||
| Tradable financial liability | |||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | |||
| Derivative financial liability | 490,329.13 | 490,329.13 | |
| Note payable | 1,018,367,533.74 | 1,018,367,533.74 | |
| Account payable | 2,047,336,834.66 | 2,047,336,834.66 | |
| Accounts received in advance | 41,329,857.80 | 41,329,857.80 | |
| Contractual liability |
| Selling financial asset of repurchase | |||
| Absorbing deposit and inter-bank deposit | |||
| Security trading of agency | |||
| Security sales of agency | |||
| Wage payable | 312,113,178.24 | 312,113,178.24 | |
| Taxes payable | 74,271,613.92 | 74,271,613.92 | |
| Other account payable | 64,448,723.52 | 64,448,723.52 | |
| Including: Interest payable | 517,469.08 | 517,469.08 | |
| Dividend payable | |||
| Commission charge and commission payable | |||
| Reinsurance payable | |||
| Liability held for sale | |||
| Non-current liabilities due within one year | 15,000,000.00 | 15,000,000.00 | |
| Other current liabilities | |||
| Total current liabilities | 3,872,286,284.95 | 3,872,286,284.95 | |
| Non-current liabilities: | |||
| Insurance contract reserve | |||
| Long-term loans | 30,000,000.00 | 30,000,000.00 | |
| Bonds payable | |||
| Including: Preferred stock | |||
| Perpetual capital securities | |||
| Lease liability | |||
| Long-term account payable | 35,422,354.11 | 35,422,354.11 | |
| Long-term wages payable | 74,679,175.36 | 74,679,175.36 | |
| Accrual liability | |||
| Deferred income | 425,769,854.13 | 425,769,854.13 | |
| Deferred income tax liabilities | 1,912,744.40 | 1,912,744.40 | |
| Other non-current liabilities | |||
| Total non-current liabilities | 567,784,128.00 | 567,784,128.00 | |
| Total liabilities | 4,440,070,412.95 | 4,440,070,412.95 | |
| Owner’s equity: | |||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 | |
| Other equity instrument | |||
| Including: Preferred stock |
| Perpetual capital securities | |||
| Capital public reserve | 3,416,022,795.14 | 3,416,022,795.14 | |
| Less: Inventory shares | |||
| Other comprehensive income | -19,809,442.95 | 19,809,442.95 | |
| Reasonable reserve | 1,618,490.50 | 1,618,490.50 | |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 | |
| Provision of general risk | |||
| Retained profit | 10,996,945,870.13 | 10,977,136,427.18 | -19,809,442.95 |
| Total owner’ s equity attributable to parent company | 15,913,828,778.82 | 15,913,828,778.82 | |
| Minority interests | 538,142,268.53 | 538,142,268.53 | |
| Total owner’ s equity | 16,451,971,047.35 | 16,451,971,047.35 | |
| Total liabilities and owner’ s equity | 20,892,041,460.30 | 20,892,041,460.30 |
Explanation:
In 2017, the Ministry of Finance revised and issued the Accounting Standards for Business Enterprises No. 22 -Recognition and Measurement of Financial Instruments and Accounting Standards for Business Enterprises No.23 - Transfer of Financial Assets , Accounting Standards for Business Enterprises No. 24 - Hedge Accounting, andthe Accounting Standards for Business Enterprises No. 37 – Financial Instruments Presentation, and the domesticlisted companies are required to put the relevant accounting standards of new financial instruments into force fromJanuary 1, 2019. The Company implements the above mentioned four accounting standards since 1 Jan. 2019
(1) New item of “Tradable financial assets” increased, parts of the former “Other current assets” and “Financialassets available for sale” are being re-classified;
(2) New item of “Other equity instrument investment” increased, part of the former “Financial assets available forsale” is re-classified;
(3) The “Other comprehensive income” re-classified to “Retained profit”.
Balance Sheet of Parent Company
In RMB
| Item | 2018-12-31 | 2019-01-01 | Adjustment |
| Current assets: | |||
| Monetary funds | 1,922,408,227.00 | 1,922,408,227.00 | |
| Tradable financial assets | 4,740,773,607.43 | 4,740,773,607.43 | |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | |||
| Derivative financial assets | |||
| Note receivable | 264,264,207.30 | 264,264,207.30 | |
| Account receivable | 742,246,990.99 | 742,246,990.99 | |
| Receivable financing | |||
| Accounts paid in advance | 59,028,927.25 | 59,028,927.25 | |
| Other account receivable | 196,849,092.13 | 196,849,092.13 | |
| Including: Interest receivable | 188,682.78 | 188,682.78 | |
| Dividend receivable | |||
| Inventories | 492,054,274.67 | 492,054,274.67 | |
| Contractual assets | |||
| Assets held for sale | |||
| Non-current assets maturing within one year | |||
| Other current assets | 4,576,688,553.49 | 4,801,850.06 | -4,571,886,703.43 |
| Total current assets | 8,253,540,272.83 | 8,422,427,176.83 | 168,886,904.00 |
| Non-current assets: | |||
| Debt investment | |||
| Available-for-sale financial assets | 180,035,176.91 | -180,035,176.91 | |
| Other debt investment | |||
| Held-to-maturity investments | |||
| Long-term receivables | |||
| Long-term equity investments | 5,739,110,426.55 | 5,739,110,426.55 | |
| Investment in other equity instrument | 11,148,272.91 | 11,148,272.91 | |
| Other non-current financial assets | |||
| Investment real estate | |||
| Fixed assets | 1,534,109,106.80 | 1,534,109,106.80 | |
| Construction in progress | 78,673,300.59 | 78,673,300.59 | |
| Productive biological assets |
| Oil and natural gas assets | |||
| Right-of-use assets | |||
| Intangible assets | 188,101,655.94 | 188,101,655.94 | |
| Research and development costs | |||
| Goodwill | |||
| Long-term deferred expenses | |||
| Deferred income tax assets | 140,286,756.70 | 140,286,756.70 | |
| Other non-current assets | 184,208,090.40 | 184,208,090.40 | |
| Total non-current assets | 8,044,524,513.89 | 7,875,637,609.89 | -168,886,904.00 |
| Total assets | 16,298,064,786.72 | 16,298,064,786.72 | |
| Current liabilities: | |||
| Short-term borrowings | 112,000,000.00 | 112,000,000.00 | |
| Tradable financial liability | |||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | |||
| Derivative financial liability | |||
| Notes payable | 330,545,052.37 | 330,545,052.37 | |
| Account payable | 823,693,469.51 | 823,693,469.51 | |
| Accounts received in advance | 6,639,554.63 | 6,639,554.63 | |
| Contractual liability | |||
| Wage payable | 200,205,508.25 | 200,205,508.25 | |
| Taxes payable | 39,193,425.15 | 39,193,425.15 | |
| Other accounts payable | 12,142,596.68 | 12,142,596.68 | |
| Including: Interest payable | 149,966.66 | 149,966.66 | |
| Dividend payable | |||
| Liability held for sale | |||
| Non-current liabilities due within one year | |||
| Other current liabilities | |||
| Total current liabilities | 1,524,419,606.59 | 1,524,419,606.59 | |
| Non-current liabilities: | |||
| Long-term loans | |||
| Bonds payable | |||
| Including: preferred stock | |||
| Perpetual capital securities |
| Lease liability | |||
| Long-term account payable | |||
| Long term employee compensation payable | 63,962,762.93 | 63,962,762.93 | |
| Accrued liabilities | |||
| Deferred income | 381,609,056.40 | 381,609,056.40 | |
| Deferred income tax liabilities | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 445,571,819.33 | 445,571,819.33 | |
| Total liabilities | 1,969,991,425.92 | 1,969,991,425.92 | |
| Owners’ equity: | |||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 | |
| Other equity instrument | |||
| Including: preferred stock | |||
| Perpetual capital securities | |||
| Capital public reserve | 3,488,221,286.39 | 3,488,221,286.39 | |
| Less: Inventory shares | |||
| Other comprehensive income | -19,809,442.95 | 19,809,442.95 | |
| Special reserve | |||
| Surplus reserve | 510,100,496.00 | 510,100,496.00 | |
| Retained profit | 9,340,610,451.36 | 9,320,801,008.41 | -19,809,442.95 |
| Total owner’s equity | 14,328,073,360.80 | 14,328,073,360.80 | |
| Total liabilities and owner’s equity | 16,298,064,786.72 | 16,298,064,786.72 |
Explanation:
In 2017, the Ministry of Finance revised and issued the Accounting Standards for Business Enterprises No. 22 -Recognition and Measurement of Financial Instruments and Accounting Standards for Business Enterprises No.23 - Transfer of Financial Assets , Accounting Standards for Business Enterprises No. 24 - Hedge Accounting, andthe Accounting Standards for Business Enterprises No. 37 – Financial Instruments Presentation, and the domesticlisted companies are required to put the relevant accounting standards of new financial instruments into force fromJanuary 1, 2019. The Company implements the above mentioned four accounting standards since 1 Jan. 2019
(1) New item of “Tradable financial assets” increased, parts of the former “Other current assets” and “Financialassets available for sale” are being re-classified;
(1) New item of “Other equity instrument investment” increased, part of the former “Financial assets available forsale” is re-classified;
(2) The “Other comprehensive income” re-classified to “Retained profit”.
2. Explanation on comparative data in the early stage of retroactive adjustment while implemented the newfinancial instrument standards or new leasing standards since 2019
□ Applicable √ Not applicable
III. Audit report
Whether the 3
rdquarterly report has been audited or not
□Yes √ No
The 3
rdquarterly report of the Company has not been audited.
Board of Directors ofWeifu High-Technology Group Co., Ltd.
Chairman:
Chen Xuejun30 October 2019