证券代码：000037、200037 证券简称：深南电A、深南电B 公告编号：2020-027
Shenzhen Nanshan Power Co., Ltd.The First Quarterly Report 2020
2020-027
April 2020
Section I. Important NotesBoard of Directors and the Supervisory Committee of Shenzhen Nanshan PowerCo., Ltd. (hereinafter referred to as the Company) and its directors, supervisorsand senior executives should guarantee the reality, accuracy and completion ofthe quarterly report, there are no any fictitious statements, misleadingstatements or important omissions carried in this report, and shall take legalresponsibilities, individual and/or joint.Li Xinwei, person in charge of the Company, Director GM Chen Yuhui, personin charge of accounting works and CFO Dai Xiji as well as Wang Yi (act for thefinancial management dept.), person in charge of accounting organ (accountingofficer) hereby confirm that the Financial Report of this Quarterly Report isauthentic, accurate and complete.All Directors are attended the Board Meeting for Quarterly Report deliberation.Concerning the forward-looking statements with future planning involved in theSemi-Report, they do not constitute a substantial commitment for investors.Investors are advised to exercise caution of investment risks.The report has been prepared in both Chinese and English, for anydiscrepancies, the Chinese version shall prevail. Please read the full reportseriously.
Interpretation
Items Refers to
ContentsCompany, the Company, Shen Nan Dian Refers to
Shenzhen Nanshan Power Co., Ltd.Shenzhen Capital Holdings Refers to
Shenzhen Capital Holdings Co., Ltd. (Before the name change
Shenzhen Capital Co., Ltd.)Shenzhen Gas Refers to
Shenzhen Gas Group Co., Ltd.Shen Nan Dian Dongguan Company Refers to
Shen Nan Dian (Dongguan) Weimei Electric Power Co., LtdRMB, in 10 thousand Yuan, 100 Million Yuan Refers to
Except the special description of the monetary unit, rest of the
| monetary unit is RMB Yuan, ten thousand Yuan, the 100 Million Yuan |
Reporting period Refers to
1 Jan. 2020 to 31 Mar. 2020
Section II. Basic situation of the CompanyI. Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √No
Current Period Same period of last year
Changes of this period oversame period of last year
Operating income (RMB)
228,717,033.81
152,975,230.74
49.51%
Net profit attributable to shareholders of
the listed company (RMB)
-14,023,020.62
| Net profit attributable to shareholders of | ||
-28,373,168.62
-50.58%
Net profit attributable to shareholders ofthe listed company after deductingnon-recurring gains and losses (RMB)
-19,987,886.90
-28,916,498.43
-30.88%
Net cash flow arising from operatingactivities (RMB)
22,023,624.41
-4,897,654.96
-549.68%
Basic earnings per share (RMB/Share)
-0.02
-0.05
-60.00%
Diluted earnings per share (RMB/Share)
-0.02
-0.05
-60.00%
Weighted average ROE -1.00%
-1.47%
-31.97%
At the end of the reporting
period
At the end of last year
Changes of this period-endover same period-
end of last
yearTotal assets (RMB)
3,224,956,518.57
end of last
3,219,261,720.55
0.18%
Net assets attributable to shareholder oflisted company (RMB)
1,988,749,787.62
2,002,772,808.24
-0.70%
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMBItem
Amount from year-begin to
period-end
NoteGains/losses from the disposal of non-current asset (including thewrite-off that accrued for impairment of assets)
6,010,607.03
Receiving unemploymentinsurance premiums andapportioning governmentsubsidies related to assetsOther non-operating income and expenditure except for theaforementioned items
-6,641.26
Less: impact on income tax 34,035.39
Impact on minority shareholders’ equity (post-tax) 5,064.10
Total 5,964,866.28
--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/lossII. Total number of shareholders at the end of this report period and top ten shareholders
1. Total common and preferred stockholders with voting rights recover and the top ten share-holding
In ShareTotal common shareholders at theend of report period
24,627
Total preferred stockholders withvoting rights recover at the end ofreport period (if applicable)
Top ten share-holdingShareholder’s
name
Nature ofshareholder
Proportion ofshares held
held
Amount oflock-up sharesheld
Number of share pledged/frozenState of share AmountHONG KONGNAM HOI(INTERNATIONAL) LTD.
Overseas legalperson
15.28%
Amount of shares
92,123,248
ShenzhenGuangjuIndustrial Co.,Ltd.
State-
person
12.22%
owned legal
73,666,824
SHENZHENENERGY(GROUP) CO.,LTD.
State-
person
10.80%
owned legal
65,106,130
Gaohua－HSBC－GOLDMAN,SACHS &CO.LLC
Overseas legalperson
2.13%
12,839,723
BOCISECURITIESLIMITED
Overseas legalperson
1.67%
10,036,082
Liu Fang
Domestic natureperson
1.57%
9,452,088
China MerchantsSecurities H.K.Co., Ltd.
State-
person
1.34%
| owned legal | ||
8,062,828
Zeng Ying
Domestic natureperson
1.25%
7,559,600
Meiyi Investment
Domestic nonstate legal person
| Property Co., Ltd. |
0.86%
5,207,800
LI SHERYNZHAN MING
Foreign natureperson
0.82%
4,916,090
Top ten shareholders with unrestricted shares heldShareholder’s name Amount of unrestricted shares held
Type of sharesType AmountHONG KONG NAM HOI(INTERNATIONAL) LTD.
92,123,248
Domesticallylisted foreignshares
92,123,248
Shenzhen Guangju Industrial Co.,Ltd.
73,666,824
RMB commonshares
73,666,824
SHENZHEN ENERGY (GROUP)CO., LTD.
65,106,130
RMB commonshares
65,106,130
Gaohua－HSBC－GOLDMAN,SACHS & CO.LLC
12,839,723
RMB commonshares
12,839,723
BOCI SECURITIES LIMITED 10,036,082
Domesticallylisted foreignshares
10,036,082
Liu Fang 9,452,088
RMB commonshares
6,391,288
Domesticallylisted foreignshares
3,060,800
China Merchants Securities H.K.Co., Ltd.
8,062,828
Domesticallylisted foreignshares
8,062,828
Zeng Ying 7,559,600
Domesticallylisted foreignshares
7,559,600
5,207,800
| Meiyi Investment Property Co., Ltd. | |
RMB commonshares
5,207,800
LI SHERYN ZHAN MING 4,916,090
Domesticallylisted foreignshares
4,916,090
Explanation on associatedrelationship among the aforesaidshareholders
SHENZHEN ENERGY (GROUP) CO., LTD
2. Among other social public shareholders, the Company did not know whether there wereassociated relationships or belonging to consistent actors.Explanation on top 10 shareholdersinvolving margin business (ifapplicable)
1. Among the top ten shareholders, Ms. Liu Fang holds 3,891,588 shares through credittransaction guarantee securities account;Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□ Yes √ No
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 shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
Section III. Significant EventsI. Particulars about material changes in items of main financial data and financial index andexplanations of reasons
√Applicable □Not applicable
1. Monetary fund has 886.2501 million Yuan at end of the period, an increase of 14.62% over that of period beginning, the mainreason is to withdraw bank wealth management;
2. Other account receivable has 37.366 million Yuan at end of the period, an increase of 15.61% over that of period beginning,mainly because current account increased;
3. Accounts payable has 14.2566 million yuan at end of the period, a decrease of 28.25% over that of period beginning, mainlybecause account payable for nature gas decreased;
4. Taxes payable has 15.0158 million Yuan at end of the period, a decrease of 31.02% over that of period beginning, mainly becausethat the value-added tax unpaid reduced in the period;
5. Operation revenue has 228.717 million Yuan in the period, an increase of 49.51% from a year earlier, mainly because sales ofelectricity revenue increased for the increase of power generation;
6. Operation cost has 222.4788 million Yuan in the period, an increase of 39.83% from a year earlier, mainly because cost of powergeneration increased for the increase of power generation;
7. Tax and surcharge has 2.0493 million Yuan in the period, an increase of 47.69% from a year earlier, mainly because the surchargefor VAT increased;
8. Other income has 6.6668 million Yuan in the period, an increase of 357.59% from a year earlier, the main reason is the increase ingovernment subsidies;
9. Income from assets disposal has 0 Yuan in the period, a decrease of 100% from a year earlier, mainly because that there is no fixedassets disposal gains and losses during the period;
10. Non-operation revenue has 1,400 Yuan in the period, a decrease of 98.66% from a year earlier, mainly because income fromdisposal of waste materials decreased;
11. Non-operation expenditure has 10,000 Yuan in the period, a decrease of 60.30% from a year earlier, mainly because loss fromfixed assets discharge declined in the period;
12. Income tax expense has 154,100 Yuan in the period, a decrease of 84.18% from a year earlier, mainly because that the taxableincome in this period decreased compared with the same period of last year;
13. Net cash flow arising from operation activity has 22.0236 million Yuan in the period, an increase of 549.68% from a year earlierin net in-flow, mainly because electricity revenue increased in the period;
14. Net cash flow arising from investment activity has 66.044 million Yuan in the period, an increase of 549.41% from a year earlierin net in-flow, mainly because the amount of financial products recovery from the bank increased;
15. Net cash flow arising from financing activity has 26.5932 million Yuan in the period, an increase of 123.13% from a year earlierin net in-flow, mainly because that the net financing amount increased year-on-year.
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. Matters related to the transfer of 70% equity of Shen Nan Dian Dongguan Company by agreement. The “Proposal on 70% Equity
of Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd Transfer by Agreement”(hereinafter, the Proposal) was deliberatedand approved by 11
th
extraordinary Meeting of 8
th BOD and 11
th extraordinary Meeting of 8
th
BOS held on 5 March 2020. On 23March 2020, the above mentioned Proposal was deliberated and approved by First Extraordinary Shareholders’ General Meeting of2020, and agreed to transfer 70% equity of Shen Nan Dian Dongguang Company, directly and indirectly held by the Company toShenzhen Gas by Agreement with consideration of 104.98 million yuan in total (including 87.5 million yuan equity agreement priceand 17.48 million yuan interim gains/losses). (found more in the Notice on 70% Equity of Shen Nan Dian (Dongguan) WeimeiElectric Power Co., Ltd Transfer by Agreement [Notice No.: 2020-006] and Resolution of First Extraordinary Shareholders’ GeneralMeeting of 2020 [Notice No.: 2020-019] released on China Securities Journal, Securities Times, Hong Kong Commercial Daily andJuchao Website.)
2. Investment for the Yuanzhi Credit Suisse New Generation IT Equity Investment Fund. The “Proposal on Investment for theYuanzhi Credit Suisse New Generation IT Equity Investment Fund and Related Party Transactions”(hereinafter, the Proposal) wasdeliberated and approved by 11
th
extraordinary Meeting of 8
th BOD and 11
th extraordinary Meeting of 8
thBOS held on 5 March 2020.On 23 March 2020, the above mentioned Proposal was deliberated and approved by First Extraordinary Shareholders’ GeneralMeeting of 2020, and agreed to investment 200 million yuan with own fund for the Yuanzhi Credit Suisse New Generation IT EquityInvestment Fund. (found more in the Notice on Investment for the Yuanzhi Credit Suisse New Generation IT Equity InvestmentFund and Related Party Transactions [Notice No.: 2020-007] and Resolution of First Extraordinary Shareholders’ General Meetingof 2020 [Notice No.: 2020-019] released on China Securities Journal, Securities Times, Hong Kong Commercial Daily and JuchaoWebsite.)
Except for the above mentioned, relevant matters of T102-0011 and T102-0155 lands have no significant matters or progress to bedisclosed during the reporting period; the projects as Guangdong Aid to Xingjiang participated in 2013, the benefit fund of thetechnical improvement, collection work for funds refundable, has no progress or change during the reporting period.
Implementation progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments completed in Period and those without completed till end of the Periodfrom actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,shareholders, related parties, purchaser and companies.IV. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.V. Trust financing
√Applicable □Not applicable
In 10 thousand Yuan
Type Capital sources Amount occurred Outstanding balance
Overdue amountBank financial products
Own funds 8,600
1,800
Total 8,600
1,800
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed
□Applicable √Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.VII. Registration form for receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
Time Way Type Basic situation index of investigation
Jan.-Mar. 2020 Field research Individual (8)
Search the register of shareholders,
Search the register of shareholders,attending the shareholders’ general
meeting,
Jan.-Mar. 2020 Written inquiries Individual (13)
attending the shareholders’ generalQuery the number of shareholders,
Query the number of shareholders,inquire about the situation of Shen Nan
Dian Dongguan
inquire about the situation of Shen NanCompany, the
Company, thecompany's resumption of production
during the epidemic, and the land-
company's resumption of productionrelated
relatedsituation of the company's three power
situation of the company's three powerplants, etc., and the company will reply
in writing.
Jan.-Mar. 2020 Telephone communication Individual (Dozens of times)
plants, etc., and the company will reply
Conti
nuing operation of the Company,
nuing operation of the Company,the situation of the Shen Nan Dian
the situation of the Shen Nan DianDongguan Company, the company's
Dongguan Company, the company'sresumption of production during the
resumption of production during theepidemic, and the land related conditions
epidemic, and the land related conditionsof the Nanshan Power Factory,
of the Nanshan Power Factory,responded in accordance with the law
and regulations.
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 Shenzhen Nanshan Power Co., Ltd
2020-03-31
In RMBItems 2020-3-31 2019-12-31Current assets:
Monetary fund 886,250,132.52
773,209,854.84
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable 2,700,000.00
Account receivable 163,210,321.60
178,150,580.32
Receivable financing
Accounts paid in advance 65,606,208.63
70,005,681.50
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurancereceivable
Other account receivable 37,366,016.30
32,321,826.94
Including: Interest receivable
Dividend receivable
Buying back the sale of financialassets
Inventories 124,922,320.23
124,686,443.61
Contractual assets
Assets held for sale
Non-current asset due within oneyear
Other current assets 375,018,312.19
445,236,731.33
Total current assets 1,655,073,311.47
1,623,611,118.54
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 14,818,668.82
14,619,203.03
Investment in other equityinstrument
60,615,000.00
60,615,000.00
Other non-current financial assets
Investment real estate 2,352,292.60
2,401,327.00
Fixed assets 1,355,983,973.02
1,381,675,872.68
Construction in progress 66,754,831.97
66,474,630.23
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 43,159,023.75
43,602,166.44
Expense on Research andDevelopment
Goodwill
Long-term expenses to beapportioned
1,111,185.47
1,174,171.16
Deferred income tax asset 2,206,049.69
2,206,049.69
Other non-current asset 22,882,181.78
22,882,181.78
Total non-current asset 1,569,883,207.10
1,595,650,602.01
Total assets 3,224,956,518.57
3,219,261,720.55
Current liabilities:
Short-term loans 917,179,132.20
881,075,378.48
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 14,256,605.45
19,871,102.41
Accounts received in advance
Contractual liability
Selling financial asset ofrepurchase
Absorbing deposit and interbankdeposit
Security trading of agency
Security sales of agency
Wage payable 55,830,559.18
55,208,432.53
Taxes payable 15,015,797.94
21,769,273.77
Other account payable 42,475,162.47
43,691,472.06
Including: Interest payable
Dividend payable
Commission charge andcommission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due withinone year
Other current liabilities
Total current liabilities 1,044,757,257.24
1,021,615,659.25
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capitalsecurities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability 26,646,056.28
26,646,056.28
Deferred income 106,930,173.82
108,507,683.52
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 133,576,230.10
135,153,739.80
Total liabilities 1,178,333,487.34
1,156,769,399.05
Owner’s equity:
Share capital 602,762,596.00
602,762,596.00
Other equity instrument
Including: Preferred stock
Perpetual capitalsecurities
Capital public reserve 362,770,922.10
362,770,922.10
Less: Inventory shares
Other comprehensive income -2,500,000.00
-2,500,000.00
Reasonable reserve
Surplus public reserve 332,908,397.60
332,908,397.60
Provision of general risk
Retained profit 692,807,871.92
706,830,892.54
Total owner’ s equity attributable toparent company
1,988,749,787.62
2,002,772,808.24
Minority interests 57,873,243.61
59,719,513.26
Total owner’ s equity 2,046,623,031.23
2,062,492,321.50
Total liabilities and owner’ s equity 3,224,956,518.57
3,219,261,720.55
Legal Representative: President Li XinweiPerson in charge of accounting works: Director GM Chen Yuhui, CFO Dai XijiPerson in charge of accounting institute: Deputy Manager Wang Yi
2. Balance Sheet of Parent Company
In RMBItem 2020-3-31 2019-12-31Current assets:
Monetary funds 743,152,541.67
632,948,706.11
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 28,916,560.38
31,824,693.69
Receivable financing
Accounts paid in advance 45,547,095.13
46,152,700.57
Other account receivable 863,485,742.80
873,861,071.55
Including: Interest receivable
Dividend receivable
Inventories 101,389,192.99
101,728,367.43
Contractual assets
Assets held for sale
Non-current assets maturing
one year
| within | ||||
Other current assets 368,141,051.13
438,613,774.49
Total current assets 2,150,632,184.10
2,125,129,313.84
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 303,341,165.00
303,341,165.00
Investment in other equityinstrument
60,615,000.00
60,615,000.00
Other non-current financial assets
Investment real estate
Fixed assets 317,748,563.18
321,395,526.04
Construction in progress 2,058,829.97
1,949,450.23
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 277,968.76
404,104.06
Research and development costs
Goodwill
Long-term deferred expenses 750,404.51
790,841.39
Deferred income tax assets
Other non-current assets
Total non-current assets 684,791,931.42
688,496,086.72
Total assets 2,835,424,115.52
2,813,625,400.56
Current liabilities Short-term borrowings 616,743,088.75
580,640,114.59
Trading financial liability
Derivative financial liability
Notes payable
Account payable 913,859.08
864,016.74
Accounts received in advance
Contractual liability
Wage payable 35,072,774.94
33,840,544.53
Taxes payable 301,177.71
718,630.17
Other accounts payable 193,641,103.60
203,332,331.14
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due withinone year
Other current liabilities
Total current liabilities 846,672,004.08
819,395,637.17
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capitalsecurities
Lease liability
Long-term account payable
Long term employee compensationpayable
Accrued liabilities
Deferred income 57,397,377.38
58,261,356.20
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 57,397,377.38
58,261,356.20
Total liabilities 904,069,381.46
877,656,993.37
Owners’ equity:
Share capital 602,762,596.00
602,762,596.00
Other equity instrument
Including: preferred stock
Perpetual capitalsecurities
Capital public reserve 289,963,039.70
289,963,039.70
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 332,908,397.60
332,908,397.60
Retained profit 705,720,700.76
710,334,373.89
Total owner’s equity 1,931,354,734.06
1,935,968,407.19
Total liabilities and owner’s equity 2,835,424,115.52
2,813,625,400.56
3. Consolidated Profit Statement
In RMBItem Current period Last periodI. Total operating income 228,717,033.81
152,975,230.74
Including: Operating income 228,717,033.81
152,975,230.74
Interest income
Insurance gained
Commission charge andcommission income
II. Total operating cost 251,289,929.79
187,113,939.80
Including: Operating cost 222,478,803.66
159,111,562.68
Interest expense
Commission charge andcommission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurancecontract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 2,049,312.50
1,387,607.12
Sales expense 1,070,938.90
1,053,802.16
Administrative expense 21,190,048.99
20,641,767.60
R&D expense
Financial expense 4,500,825.74
4,919,200.24
Including: Interestexpenses
10,225,384.24
12,647,043.44
-5,956,731.84
| Interest income | |
-7,889,780.98
Add: other income 6,666,794.07
1,456,931.10
Investment income (Loss islisted with “-”)
199,465.79
-431,753.10
Including: Investment incomeon affiliated company and joint venture
The termination of incomerecognition for financial assets measuredby amortized cost(Loss is listed with “-”)
Exchange income (Loss islisted with “-”)
Net exposure hedging income(Loss is listed with “-”)
Income from change of fairvalue (Loss is listed with “-”)
Loss of credit impairment(Loss is listed with “-”)
Losses of devaluation of asset(Loss is listed with “-”)
Income from assets disposal(Loss is listed with “-”)
-402,738.25
III. Operating profit (Loss is listed with“-”)
-15,706,636.12
-33,516,269.31
Add: Non-operating income 1,401.84
104,485.70
Less: Non-operating expense 10,000.00
25,188.07
IV. Total profit (Loss is listed with “-”) -15,715,234.28
-33,436,971.68
Less: Income tax expense 154,055.99
973,552.89
V. Net profit (Net loss is listed with “-”)
-15,869,290.27
-34,410,524.57
(i) Classify by business continuity
1.continuous operating net profit
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
-14,023,020.62
-28,373,168.62
2.Minority shareholders’ gains and
losses
-1,846,269.65
-6,037,355.95
VI. Net after-tax of other comprehensiveincome
Net after-tax of other comprehensiveincome attributable to owners of parentcompany
(I) Other comprehensive incomeitems which will not be reclassifiedsubsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannotbe 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 incomeitems which will be reclassifiedsubsequently to profit or loss
1.Other comprehensive
income under equity method that cantransfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial assets
re-classify to other comprehensiveincome
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currencyfinancial statements
7.Other
Net after-tax of other comprehensiveincome attributable to minorityshareholders
VII. Total comprehensive income -15,869,290.27
-34,410,524.57
Total comprehensive incomeattributable to owners of parent Company
-14,023,020.62
-28,373,168.62
Total comprehensive incomeattributable to minority shareholders
-1,846,269.65
-6,037,355.95
VIII. Earnings per share:
(i) Basic earnings per share -0.02
-0.05
(ii) Diluted earnings per share -0.02
-0.05
Legal Representative: President Li XinweiPerson in charge of accounting works: Director GM Chen Yuhui, CFO Dai XijiPerson in charge of accounting institute: Deputy Manager Wang Yi
4. Profit Statement of Parent Company
In RMBItem Current period Last periodI. Operating income 39,576,718.44
51,953,247.12
Less: Operating cost 47,086,536.01
59,371,196.61
Taxes and surcharge 25,249.45
548,340.11
Sales expenses
Administration expenses 9,977,388.80
11,917,938.97
R&D expenses
Financial expenses -7,701,706.54
-7,572,589.42
Including: interestexpenses
6,759,039.78
11,511,308.35
Interest income -14,542,892.69
-19,015,116.03
Add: other income 5,197,076.15
368,626.17
Investment income (Loss islisted with “-”)
Including: Investment incomeon affiliated Company and joint venture
The termination ofincome recognition for financial assetsmeasured by amortized cost (Loss islisted with “-”)
Net exposure hedging income(Loss is listed with “-”)
Changing income of fairvalue (Loss is listed with “-”)
Loss of credit impairment(Loss is listed with “-”)
Losses of devaluation of asset(Loss is listed with “-”)
Income on disposal of assets(Loss is listed with “-”)
-231,373.37
II. Operating profit (Loss is listed with“-”)
-4,613,673.13
-12,174,386.35
Add: Non-operating income
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”)
-4,613,673.13
-12,174,386.35
Less: Income tax
IV. Net profit (Net loss is listed with“-”)
-4,613,673.13
-12,174,386.35
(i)continuous operating net profit (netloss listed with ‘-”)
(ii) termination of net profit (netloss listed with ‘-”)
V. Net after-tax of other comprehensiveincome
(I) Other comprehensive incomeitems which will not be reclassifiedsubsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income
be transfer to gain/loss
| under equity method that cannot | ||
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 incomeitems which will be reclassifiedsubsequently to profit or loss
1.Other comprehensive
income under equity method that cantransfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to othercomprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreigncurrency financial statements
7.Other
VI. Total comprehensive income -4,613,673.13
-12,174,386.35
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMBItem Current period Last periodI. Cash flows arising from operatingactivities:
Cash received from sellingcommodities and providing laborservices
269,328,078.58
186,351,276.89
Net increase of customer depositand interbank deposit
Net increase of loan from centralbank
Net increase of capital borrowedfrom other financial institution
Cash received from originalinsurance contract fee
business
| Net cash received from reinsurance | ||||
Net increase of insured savingsand investment
Cash received from interest,commission charge and commission
Net increase of capital borrowed
Net increase of returned businesscapital
Net cash received by agents in saleand purchase of securities
Write-back of tax received 171,207.01
Other cash received concerningoperating activities
13,182,662.61
22,895,402.99
Subtotal of cash inflow arising fromoperating activities
282,681,948.20
209,246,679.88
Cash paid for purchasingcommodities and receiving laborservice
191,188,380.26
154,761,126.02
Net increase of customer loans andadvances
Net increase of deposits in centralbank and interbank
Cash paid for original insurancecontract compensation
Net increase of capital lent
Cash paid for interest, commissioncharge and commission
Cash paid for bonus of guaranteeslip
Cash paid to/for staff and workers
34,694,210.48
38,267,116.27
Taxes paid 21,136,774.95
9,429,950.97
Other cash paid concerningoperating activities
13,638,958.10
11,686,141.58
Subtotal of cash outflow arising fromoperating activities
260,658,323.79
214,144,334.84
Net cash flows arising from operatingactivities
22,023,624.41
-4,897,654.96
II. Cash flows arising from investingactivities:
Cash received from recoveringinvestment
178,000,000.00
Cash received from investmentincome
191,275.06
Net cash received from disposal offixed, intangible and other long-termassets
1,989,560.00
Net cash received from disposal ofsubsidiaries and other units
Other cash received concerninginvesting activities
Subtotal of cash inflow from investingactivities
178,191,275.06
1,989,560.00
Cash paid for purchasing fixed,intangible and other long-term assets
2,147,254.56
16,685,177.41
Cash paid for investment 110,000,000.00
Net increase of mortgaged loans
Net cash received fromsubsidiaries and other units obtained
Other cash paid concerninginvesting activities
Subtotal of cash outflow from investingactivities
112,147,254.56
16,685,177.41
Net cash flows arising from investingactivities
66,044,020.50
-14,695,617.41
III. Cash flows arising from financingactivities
Cash received from absorbinginvestment
Including: Cash received fromabsorbing minority shareholders’investment by subsidiaries
Cash received from loans 86,000,000.00
230,000,000.00
Other cash received concerningfinancing activities
2,133,338.86
Subtotal of cash inflow from financingactivities
86,000,000.00
232,133,338.86
Cash paid for settling debts 50,000,000.00
334,000,000.00
Cash paid for dividend and profitdistributing or interest paying
9,406,836.84
13,093,959.02
Including: Dividend and profit ofminority shareholder paid bysubsidiaries
Other cash paid concerningfinancing activities
Subtotal of cash outflow from financingactivities
59,406,836.84
347,093,959.02
Net cash flows arising from financingactivities
26,593,163.16
-114,960,620.16
IV. Influence on cash and cashequivalents due to fluctuation inexchange rate
99,323.49
-131,875.21
V. Net increase of cash and cashequivalents
114,760,131.56
-134,685,767.74
Add: Balance of cash and cashequivalents at the period -begin
771,490,000.96
914,956,611.70
VI. Balance of cash and cashequivalents at the period -end
886,250,132.52
780,270,843.96
6. Cash Flow Statement of Parent Company
In RMB
Item Current period Last periodI. Cash flows arising from operatingactivities:
Cash received from sellingcommodities and providing laborservices
52,945,277.26
80,902,171.49
Write-back of tax received 171,207.01
Other cash received concerningoperating activities
42,047,324.58
38,366,707.44
Subtotal of cash inflow arising fromoperating activities
95,163,808.85
119,268,878.93
Cash paid for purchasingcommodities and receiving laborservice
40,043,331.88
72,960,767.27
Cash paid to/for staff and workers
19,841,265.42
22,272,693.24
Taxes paid 91,230.61
6,293,432.39
Other cash paid concerningoperating activities
23,284,108.41
107,367,157.23
Subtotal of cash outflow arising fromoperating activities
83,259,936.32
208,894,050.13
Net cash flows arising from operatingactivities
11,903,872.53
-89,625,171.20
II. Cash flows arising from investingactivities:
Cash received from recoveringinvestment
178,000,000.00
Cash received from investmentincome
191,275.06
Net cash received from disposal offixed, intangible and other long-termassets
1,794,800.00
Net cash received from disposal ofsubsidiaries and other units
Other cash received concerninginvesting activities
Subtotal of cash inflow from investingactivities
178,191,275.06
1,794,800.00
Cash paid for purchasing fixed,intangible and other long-term assets
74,212.00
11,886,483.79
Cash paid for investment 110,000,000.00
Net cash received fromsubsidiaries and other units obtained
Other cash paid concerninginvesting activities
Subtotal of cash outflow from investingactivities
110,074,212.00
11,886,483.79
Net cash flows arising from investingactivities
68,117,063.06
-10,091,683.79
III. Cash flows arising from financingactivities
Cash received from absorbinginvestment
Cash received from loans 86,000,000.00
230,000,000.00
Other cash received concerningfinancing activities
Subtotal of cash inflow from financingactivities
86,000,000.00
230,000,000.00
Cash paid for settling debts 50,000,000.00
230,000,000.00
Cash paid for dividend and profitdistributing or interest paying
5,817,822.93
11,040,179.19
Other cash paid concerningfinancing activities
Subtotal of cash outflow from financingactivities
55,817,822.93
241,040,179.19
Net cash flows arising from financingactivities
30,182,177.07
-11,040,179.19
IV. Influence on cash and cashequivalents due to fluctuation inexchange rate
722.90
-876.21
V. Net increase of cash and cashequivalents
110,203,835.56
-110,757,910.39
Add: Balance of cash and cashequivalents at the period -begin
632,948,706.11
766,041,463.01
VI. Balance of cash and cashequivalents at the period -end
743,152,541.67
655,283,552.62
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new revenuerules and new leasing rules from 2020
√Applicable □Not applicable
Consolidated balance sheet
In RMBItem 2019-12-31 2020-01-01 Adjustment amountCurrent assets:
Monetary funds 773,209,854.84
773,209,854.84
Account receivable 178,150,580.32
178,150,580.32
Accounts paid inadvance
70,005,681.50
70,005,681.50
Other accountreceivable
32,321,826.94
32,321,826.94
Inventories 124,686,443.61
124,686,443.61
Other current assets 445,236,731.33
445,236,731.33
Total current assets 1,623,611,118.54
1,623,611,118.54
Non-current assets:
Long-term equityinvestment
14,619,203.03
14,619,203.03
Investment in otherequity instrument
60,615,000.00
60,615,000.00
Investment real estate 2,401,327.00
2,401,327.00
Fixed assets 1,381,675,872.68
1,381,675,872.68
Construction in progress
66,474,630.23
66,474,630.23
Intangible assets 43,602,166.44
43,602,166.44
Long-term expenses tobe apportioned
1,174,171.16
1,174,171.16
Deferred income taxasset
2,206,049.69
2,206,049.69
Other non-current asset
22,882,181.78
22,882,181.78
Total non-current asset 1,595,650,602.01
1,595,650,602.01
Total assets 3,219,261,720.55
3,219,261,720.55
Current liabilities:
Short-term loans 881,075,378.48
881,075,378.48
Account payable 19,871,102.41
19,871,102.41
Wage payable 55,208,432.53
55,208,432.53
Taxes payable 21,769,273.77
21,769,273.77
Other account payable 43,691,472.06
43,691,472.06
Total current liabilities 1,021,615,659.25
1,021,615,659.25
Non-current liabilities:
Accrual liability 26,646,056.28
26,646,056.28
Deferred income 108,507,683.52
108,507,683.52
Total non-current liabilities 135,153,739.80
135,153,739.80
Total liabilities 1,156,769,399.05
1,156,769,399.05
Owner’s equity:
Share capital 602,762,596.00
602,762,596.00
Capital public reserve 362,770,922.10
362,770,922.10
Other comprehensiveincome
-2,500,000.00
-2,500,000.00
Surplus public reserve 332,908,397.60
332,908,397.60
Retained profit 706,830,892.54
706,830,892.54
Total owner’ s equityattributable to parentcompany
2,002,772,808.24
2,002,772,808.24
Minority interests 59,719,513.26
59,719,513.26
Total owner’ s equity 2,062,492,321.50
2,062,492,321.50
Total liabilities and owner’ sequity
3,219,261,720.55
3,219,261,720.55
Note of adjustment: nilBalance sheet of parent company
In RMBItem 2019-12-31 2020-01-01 Adjustment amountCurrent assets:
Monetary funds 632,948,706.11
632,948,706.11
Account receivable 31,824,693.69
31,824,693.69
Accounts paid inadvance
46,152,700.57
46,152,700.57
Other accountreceivable
873,861,071.55
873,861,071.55
Inventories 101,728,367.43
101,728,367.43
Other current assets 438,613,774.49
438,613,774.49
Total current assets 2,125,129,313.84
2,125,129,313.84
Non-current assets:
Long-term equityinvestment
303,341,165.00
303,341,165.00
Investment in otherequity instrument
60,615,000.00
60,615,000.00
Fixed assets 321,395,526.04
321,395,526.04
Construction in progress
1,949,450.23
1,949,450.23
Intangible assets 404,104.06
404,104.06
Long-term expenses tobe apportioned
790,841.39
790,841.39
Total non-current asset 688,496,086.72
688,496,086.72
Total assets 2,813,625,400.56
2,813,625,400.56
Current liabilities:
Short-term loans 580,640,114.59
580,640,114.59
Account payable 864,016.74
864,016.74
Wage payable 33,840,544.53
33,840,544.53
Taxes payable 718,630.17
718,630.17
Other account payable 203,332,331.14
203,332,331.14
Total current liabilities 819,395,637.17
819,395,637.17
Non-current liabilities:
Deferred income 58,261,356.20
58,261,356.20
Total non-current liabilities 58,261,356.20
58,261,356.20
Total liabilities 877,656,993.37
877,656,993.37
Owner’s equity:
Share capital 602,762,596.00
602,762,596.00
Capital public reserve 289,963,039.70
289,963,039.70
Surplus public reserve 332,908,397.60
332,908,397.60
Retained profit 710,334,373.89
710,334,373.89
Total owner’ s equity 1,935,968,407.19
1,935,968,407.19
Total liabilities and owner’ sequity
2,813,625,400.56
2,813,625,400.56
Note of adjustment: nil
2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules andnew leasing rules from 2020
□Applicable √Not applicable
III. Audit reportWhether the 1
st
quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.