Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2020
April 2020
Section I. Important NotesBoard 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 should guarantee the reality, accuracy andcompletion of the quarterly report, there are no any fictitious statements,misleading statements or important omissions carried in this report, and shalltake legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation
Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge ofAccounting Works and Person in Charge of Accounting Organ (AccountingSupervisor) hereby confirm that the Financial Report of the First QuarterlyReport is authentic, accurate and complete.
Section II. Company ProfileI. 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 over same period of last year | |
| Operating income (RMB) | 2,772,108,717.43 | 2,270,130,717.54 | 22.11% |
| Net profit attributable to shareholders of the listed company (RMB) | 549,996,717.72 | 689,179,364.60 | -20.20% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 495,225,376.36 | 613,343,723.80 | -19.26% |
| Net cash flow arising from operating activities (RMB) | 319,204,809.86 | 145,409,651.46 | 119.52% |
| Basic earnings per share (RMB/Share) | 0.55 | 0.68 | -19.12% |
| Diluted earnings per share (RMB/Share) | 0.55 | 0.68 | -19.12% |
| Weighted average ROE | 3.18% | 4.24% | -1.06% |
| End of this period | End of last period | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 23,810,886,843.95 | 23,958,348,185.78 | -0.62% |
| Net assets attributable to shareholder of listed company (RMB) | 17,239,647,616.62 | 16,990,405,136.62 | 1.47% |
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
| Item | Amount from year-begin to period-end | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 49,066.09 | |
| 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) | 9,216,894.95 |
| Gain or loss on the investment or management of assets | 61,115,193.84 | |
| Gains/losses of fair value changes from holding the transaction financial asset, derivative financial assets, transaction financial liability and derivative financial liability and investment earnings obtained from disposing the transaction financial asset, derivative financial assets, transaction financial liability, derivative financial liability and other debt investment, except for the effective hedging business related to normal operation of the Company | -2,206,725.01 | |
| Other non-operating income and expenditure except for the aforementioned items | -2,910,119.40 | |
| Less: impact on income tax | 9,886,879.87 | |
| Impact on minority shareholders’ equity (post-tax) | 606,089.24 | |
| Total | 54,771,341.36 | -- |
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. Total number of shareholders at the end of this report period and top ten shareholders
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 | 51,432 | Total preferred stockholders with voting rights recover at the end of report period (if applicable) | 0 | ||||
| Top ten shareholders | |||||||
| Shareholder’s name | 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 CROUP CO., LTD. | State-owned legal person | 20.22% | 204,059,398 | ||||
| ROBERT BOSCH GMBH | Foreign legal person | 14.16% | 142,841,400 | ||||
| HKSCC Nominees Limited | Foreign legal person | 6.76% | 68,203,004 | ||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign legal person | 1.84% | 18,530,315 | ||||
| NSSF-107 | Other | 1.59% | 15,998,673 | ||||
| Central Huijin Assets Management Co., Ltd. | State-owned legal person | 1.27% | 12,811,200 | ||||
| FIDELITY INVMT TRT FIDELITY | Foreign legal person | 0.78% | 7,848,986 | ||||
| INTL SMALL CAP FUND | ||||||||
| Basic Pension Insurance Fund - 1003 | Other | 0.77% | 7,764,588 | |||||
| HKMA - own funds | Foreign legal person | 0.67% | 6,770,334 | |||||
| NSSF - 403 | Other | 0.67% | 6,740,200 | |||||
| Top ten shareholders with unrestricted shares held | ||||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | ||||||
| Type | Amount | |||||||
| WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. | 204,059,398 | RMB common share | 204,059,398 | |||||
| ROBERT BOSCH GMBH | 142,841,400 | RMB common share | 115,260,600 | |||||
| Domestically listed foreign share | 27,580,800 | |||||||
| HKSCC Nominees Limited | 68,203,004 | RMB common share | 68,203,004 | |||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | 18,530,315 | Domestically listed foreign share | 18,530,315 | |||||
| NSSF-107 | 15,998,673 | RMB common share | 15,998,673 | |||||
| Central Huijin Assets Management Co., Ltd. | 12,811,200 | RMB common share | 12,811,200 | |||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | 7,848,986 | Domestically listed foreign share | 7,848,986 | |||||
| Basic Pension Insurance Fund - 1003 | 7,764,588 | RMB common share | 7,764,588 | |||||
| HKMA - own funds | 6,770,334 | RMB common share | 6,770,334 | |||||
| NSSF - 403 | 6,740,200 | RMB common share | 6,740,200 | |||||
| Note of related relationship among the above shareholders and concerted actors | Among the top ten shareholders, the Company knew there has no associated relationship between Wuxi Industry Development Croup Co., Ltd., the first largest shareholder of the Company, and other shareholders; and they do not belong to the consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company. | |||||||
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 at Period-end and shares held by top ten shareholders withpreferred stock held
□ Applicable √ Not applicable
Section III. Significant EventsI. Particulars about material changes in items of main accounting statement and financialindex and explanations of reasons
√ Applicable □ Not applicable
(I) Changes and reasons of items in balance sheet：
1. Notes receivable in the period-end decreased 977.92 million yuan by comparing with end of last year with
53.96 percent down, mainly because a part of the bills that will be discounted or endorsed before the expiration,are listed in the receivable financing;
2. Receivable financing in the period-end increased 751.26 million yuan by comparing with end of last year,mainly because the bills used for discount or endorsement transfer increased.
3. Contract liabilities in the period-end increased 47.14 million yuan by comparing with end of last year, and othercurrent liabilities in the period-end increased 147.66 million yuan by comparing with end of last year, all arereclassified resulted by implementing the new income standard;
4. Taxes payable in the period-end decreased 41.02 million yuan by comparing with end of last year, mainly dueto the reduction of VAT payable;
5. Treasury stock in the period-end increased 300 million yuan by comparing with end of last year, mainlybecause the company implements buy back of A shares through centralized bidding.
(II) Changes and reasons of items in profit and loss statement：
1. Operating income in the period increased 501.98 million yuan from a year earlier with 22.11% up, mainlybecause the increase in sales revenue from the subsidiary Weifu Leader;
2. Taxes and surcharge in the period decreased 7.89 million yuan from a year earlier, mainly due to the reductionof VAT payable;
3. Investment income in the period decreased 82.06 million yuan from a year earlier with 18.45% down, mainlybecause income from share-participated enterprise declined;
4. Gains from changes in fair value in the period decreased 53.7 million yuan from a year earlier, mainly becausethe fair value of SDEC and Miracle Automation at the period-end decreased compared with the fair value of thesame period of last year;
5. Credit impairment loss in the period decreased 10.22 million yuan from a year earlier, mainly due to thereversal of bad debt provision based on aging;
6. Asset impairment losses in the period increased 47.16 million yuan from a year earlier, mainly becauseinventory impairment provision increase;
7. Non-operating expenses in the period increased from a year earlier, mainly because the company donated 3million yuan to the Wuxi City Charity Federation for the prevention and control of the pneumonia outbreak ofCOVID - 19.
(III) Changes and reasons of items in cash flow statement：
1. Net cash flow arising from operation activity in the period increased 173.8 million yuan from a year earlier with
119.52% up, mainly because the increase in product sales return;
2. Net cash flow arising from investment activity increased 105.52 million yuan from a year earlier with 130.11%up, mainly because dividends received from associates during the reporting period;
3. Net cash flow arising from financing activity decreased 410.53 million yuan from a year earlier, mainly due tothe payment for buy back of A-share through centralized bidding.
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □ Not applicable
Parts of the joint-stock enterprise’s equity held by the Company freeze
1. On 6 March 2017, the Company received a legal documents mail from Shenzhen Intermediate people’s Courtin Guangdong Province (hereinafter referred to as Shenzhen Intermediate Court). Pursuit to the legal documents,the plaintiff- China Cinda Asset Management Co., Ltd. Shenzhen Branch bring a suit against eight defendants (theCompany included) and the third party-Shenzhen Hejun Venture Holding Co., Ltd. (“Hejun Company” for short)for damaged the interests of corporate creditors, totally two cases for suits. Shenzhen Intermediate Court acceptedthe case and issued the Civil Order of (2016) Yue 03 MC No.2490 and (2016) Yue 03 MC No. 2492, that is, theproperty under the name of eight defendants are being seal up, detain or freeze-up, totally amounted as 217million Yuan. Ended as the reporting period, the 4.71 million shares of Miracle and 11,739,102 shares of SDECheld by the Company are being freeze-up. First trial are carried on 24 September 2017, and further session to beadvised from the Court.
2. The company has applied to Futian People's Court of Shenzhen for compulsory liquidation with HejunCompany. A Civil Ruling Paper is carried by Futian People's Court of Shenzhen (2017) Yue 0304 QS No.5, that is:
implemented compulsory liquidation on Hejun Company. The Company will fully engage with the Court forrelevant liquidation works completed, guarantee legitimate interest 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) |
Implementation progress of shares buy-back
√ Applicable □ Not applicable
The 11
th session of the 9
thboard of directors of the company held on February 13, 2020 reviewed and approvedthe Proposal on the Repurchase of Part of the Company’s A Shares by Concentrated Bidding.The company shall repurchase the company’s A shares through centralized bidding transactions, the total amountof repurchase funds this time does not exceed RMB 600 million (inclusive) and not less than RMB 300 million(inclusive); the price of the repurchased shares (A shares) does not exceed RMB 24 yuan / share (inclusive), therepurchase period shall not exceed twelve months from the date on which the company’s board of directorsconsiders and approves the share repurchase program. The specific repurchase amount is based on the actual
number of shares repurchased when the repurchase period expires. Found more in the Buy-Back Report of Part ofthe A-Share Through Centralized Bidding (Notice No.: 2020-005) released on China Securities Journal,Securities Times, Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn). The Companyreleased the Notice on First Buy-Back of Shares (Notice No.: 2020-006) dated 28 Feb. 2020, released the Progressof Part of the A-share Buy-Back (Notice No.:2020-007) on 3 Mar. 2020 and released the Each 1% Increase in theProportion of Buy-Back Shares and Progress of Buy-Back (Notice No.: 2020-008) on 16 Mar. 2020. and on 1 Apr.2020, released the Progress of Part of the A-share Buy-Back (Notice No.:2020-009) .As of 31 March 2020, the accumulative shares (A-stock) buy-back through centralized bidding has 15,094,870shares in the specific buy-back account, representing 1.4961% of the total share capital of the Company. Thehighest transaction price is 21.06 yuan/share, and the lowest transaction price is 17.95 yuan/share, total amountpaid as 300,007,852.84 yuan (including trading expenses). the shares buy-back meets the requirements of relevantlaws and regulations and in line with the established buy-back program.Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments non-performance over due in reporting period from committed parties asactual controller, shareholders, related party, acquirer and the Company
□Applicable √Not applicable
No the above mentioned commitment occurred in the period.IV. Securities Investment
√ Applicable □ Not applicable
| Variety of securities | Code of securities | Short form of securities | Initial investment cost | Accounting measurement model | Book value at the beginning of the period | Current gain/loss of fair value changes | 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 | Capital Source |
| Domestic and foreign stocks | 600841 | SDEC | 199,208,000.00 | Measured by fair value | 91,822,332.00 | -7,013,304.00 | 84,809,028.00 | Trading financial assets | Own funds | ||||
| Domestic and foreign stocks | 002009 | Miracle Automation | 69,331,500.00 | Measured by fair value | 36,031,500.00 | -989,100.00 | 35,042,400.00 | Trading financial assets | Own funds | ||||
| Total | 268,539,500.00 | -- | 127,853,832.00 | -8,002,404.00 | 0.00 | 0.00 | 0.00 | 0.00 | 119,851,428.00 | -- | -- | ||
| Disclosure date of securities investment approval by the Board | 2012-03-24 |
| 2013-06-04 |
V. Trust financing
√ Applicable □ Not applicable
In 10 thousand Yuan
| Specific type | Sources of funds | Amount occurred | Undue balance | Overdue amount |
| Financing products | Own funds | 229,483.37 | 193,209.58 | 0 |
| Financial products of securities firms | Own funds | 36,000 | 36,000 | 0 |
| Trust financial products | Own funds | 177,580 | 177,580 | 0 |
| Other type | Own funds | 59,144.67 | 50,693.44 | 0 |
| Total | 502,208.04 | 457,483.02 | 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 | 49,200 | Owned fund | 2020-01- 09 | 2020-11- 18 | Financial products | Reference annual rate of retu | 3.65%-4.25% | 1,014.42 | 1,478.5 | Collected according to the contract | 0 | Y | Y | Notice No.: 2020-015 |
| Securiti | Securiti | Non-g | 10,000 | O | 2020-02 | 2020-09 | Colle | 4.8%- | 212.28 | 128.18 | Collec | 0 | Y | Y | Notice |
| es trader | es trader | uaranteed floating income | wned fund | - 18 | - 14 | ctive assets management plan | rn by the contract | 5.2% | ted according to the contract | No.: 2020-015 | ||||||
| Trust | Trust | Non-guaranteed floating income | 33,700 | Owned fund | 2020-02- 14 | 2022-03- 25 | Collection trust plan | 6.5%- 8.4% | 4,845.79 | 2,376.63 | Collected according to the contract | 0 | Y | Y | Notice No.: 2020-015 | |
| Other (Fund etc.) | Other (Fund etc.) | Non-guaranteed floating income | 20,000 | Owned fund | 2020-01- 10 | 2021-07- 10 | Fixed income fund products | 6%- 8.75% | 1,532.12 | 2,128.21 | Collected according to the contract | 0 | Y | Y | Notice No.: 2020-015 | |
| Total | 112,900 | -- | -- | -- | -- | -- | -- | 7,604.61 | 6,111.52 | -- | 0 | -- | -- | -- | ||
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
| Date | Method | Type of investors | Index for the interview and research |
| 1 Jan. 2020 to 31 Mar. 2020 | Telephone communication | Other | The Company answered 20 questions for investors online through the investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/) |
| 1 Jan. 2020 to 31 Mar. 2020 | Written inquiries | Other | Basic condition of the Company and views on market, communication with investors by telephone more than 50 |
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
2020-03-31
In RMB
| Items | 2020-3-31 | 2019-12-31 |
| Current assets: | ||
| Monetary fund | 1,842,509,837.00 | 1,596,893,711.87 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | 3,604,681,667.47 | 3,940,885,674.32 |
| Derivative financial assets | ||
| Note receivable | 834,222,824.93 | 1,812,141,371.94 |
| Account receivable | 2,546,956,057.70 | 2,310,666,475.89 |
| Receivable financing | 775,137,750.52 | 23,873,317.86 |
| Accounts paid in advance | 174,716,303.93 | 139,241,917.78 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 46,,906,273.38 | 43,730,023.31 |
| Including: Interest receivable | 1,373,080.38 | 655,052.98 |
| Dividend receivable | 1,070,000.00 | |
| Buying back the sale of financial assets | ||
| Inventories | 1,987,787,701.58 | 2,418,744,835.82 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 1,082,241,539.78 | 1,012,055,605.74 |
| Total current assets | 12,895,159,956.29 | 13,298,232,934.53 |
| Non-current assets: |
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 5,473,814,827.86 | 5,322,405,953.35 |
| Investment in other equity instrument | 285,048,000.00 | 285,048,000.00 |
| Other non-current financial assets | 1,133,343,284.00 | 1,043,589,987.43 |
| Investment real estate | 22,029,554.30 | 22,410,511.87 |
| Fixed assets | 2,863,670,262.74 | 2,845,176,078.20 |
| Construction in progress | 231,720,533.94 | 247,857,777.25 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 427,289,866.81 | 430,594,372.12 |
| Expense on Research and Development | ||
| Goodwill | 1,784,086.79 | 1,784,086.79 |
| Long-term expenses to be apportioned | 17,971,431.63 | 18,536,000.25 |
| Deferred income tax asset | 213,696,188.22 | 212,476,501.54 |
| Other non-current asset | 245,358,851.37 | 230,235,982.45 |
| Total non-current asset | 10,915,726,887.66 | 10,660,115,251.25 |
| Total assets | 23,810,886,843.95 | 23,958,348,185.78 |
| Current liabilities: | ||
| Short-term loans | 320,154,147.17 | 312,153,969.81 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 1,455,200,263.98 | 1,745,218,439.52 |
| Account payable | 3,200,653,414.49 | 3,312,254,229.84 |
| Accounts received in advance | 1,755,679.55 | 113,737,432.61 |
| Contractual liability | 47,136,184.32 | |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency |
| Security sales of agency | ||
| Wage payable | 273,615,219.53 | 314,343,737.66 |
| Taxes payable | 88,514,427.14 | 129,538,411.86 |
| Other account payable | 58,212,316.29 | 65,266,262.39 |
| Including: Interest payable | ||
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | 147,660,533.80 | |
| Total current liabilities | 5,592,902,186.27 | 5,992,512,483.69 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | 35,108,263.11 | 35,108,263.11 |
| Long-term wages payable | 58,392,053.61 | 58,392,053.61 |
| Accrual liability | ||
| Deferred income | 364,768,597.84 | 365,116,022.98 |
| Deferred income tax liabilities | 21,988,131.25 | 22,566,051.72 |
| Other non-current liabilities | ||
| Total non-current liabilities | 480,257,045.81 | 481,182,391.42 |
| Total liabilities | 6,073,159,232.08 | 6,473,694,875.11 |
| 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 | 3,391,527,806.33 | 3,391,527,806.33 |
| Less: Inventory shares | 300,007,852.84 |
| Other comprehensive income | 135,832.24 | 134,871.67 |
| Reasonable reserve | 2,500,411.61 | 3,247,757.06 |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 |
| Provision of general risk | ||
| Retained profit | 12,626,440,353.28 | 12,076,443,635.56 |
| Total owner’ s equity attributable to parent company | 17,239,647,616.62 | 16,990,405,136.62 |
| Minority interests | 498,079,995.25 | 494,248,174.05 |
| Total owner’ s equity | 17,737,727,611.87 | 17,484,653,310.67 |
| Total liabilities and owner’ s equity | 23,810,886,843.95 | 23,958,348,185.78 |
Legal Representative: Chen Xuejun Person in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
| Item | 2020-3-31 | 2019-12-31 |
| Current assets: | ||
| Monetary funds | 1,259,234,793.31 | 965,770,877.82 |
| Trading financial assets | 3,467,377,652.25 | 3,758,789,072.68 |
| Derivative financial assets | ||
| Note receivable | 247,536,382.22 | 202,403,993.13 |
| Account receivable | 966,814,766.05 | 768,500,929.93 |
| Receivable financing | ||
| Accounts paid in advance | 119,959,744.95 | 89,116,730.45 |
| Other account receivable | 256,829,004.27 | 250,014,956.74 |
| Including: Interest receivable | 1,522,957.08 | 804,929.68 |
| Dividend receivable | 1,070,000.00 | |
| Inventories | 483,401,314.50 | 565,144,234.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 782,369,967.78 | 938,616,881.51 |
| Total current assets | 7,583,523,625.33 | 7,538,357,676.75 |
| Non-current assets: | ||
| Debt investment |
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investments | 6,342,867,495.96 | 6,331,363,630.04 |
| Investment in other equity instrument | 209,108,000.00 | 209,108,000.00 |
| Other non-current financial assets | 1,133,343,284.00 | 1,043,589,987.43 |
| Investment real estate | ||
| Fixed assets | 1,755,021,775.10 | 1,646,333,216.50 |
| Construction in progress | 124,108,987.78 | 136,573,912.28 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 215,952,649.97 | 203,663,423.60 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | 106,599,132.86 | 105,137,877.84 |
| Other non-current assets | 175,201,450.10 | 172,646,721.05 |
| Total non-current assets | 10,062,202,775.77 | 9,848,416,768.74 |
| Total assets | 17,645,726,401.10 | 17,386,774,445.49 |
| Current liabilities | ||
| Short-term borrowings | 116,126,459.33 | 116,126,459.33 |
| Trading financial liability | ||
| Derivative financial liability | ||
| Notes payable | 286,446,813.86 | 284,054,137.00 |
| Account payable | 938,166,194.09 | 930,273,146.35 |
| Accounts received in advance | 12,010,730.30 | |
| Contractual liability | 4,300,523.34 | |
| Wage payable | 196,182,980.76 | 213,626,754.45 |
| Taxes payable | 67,024,024.07 | 56,540,307.59 |
| Other accounts payable | 32,147,442.07 | 11,976,576.21 |
| Including: Interest payable | ||
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year |
| Other current liabilities | 89,789,980.06 | |
| Total current liabilities | 1,730,184,417.58 | 1,624,608,111.23 |
| 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 | 50,058,386.76 | 50,058,386.76 |
| Accrued liabilities | ||
| Deferred income | 322,805,353.98 | 322,971,778.82 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 372,863,740.74 | 373,030,165.58 |
| Total liabilities | 2,103,048,158.32 | 1,997,638,276.81 |
| 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 | 3,481,221,286.39 | 3,488,221,286.39 |
| Less: Inventory shares | 300,007,852.84 | |
| Other comprehensive income | ||
| Special reserve | 188,489.03 | |
| Surplus reserve | 510,100,496.00 | 510,100,496.00 |
| Retained profit | 10,842,225,254.20 | 10,381,863,816.29 |
| Total owner’s equity | 15,542,678,242.78 | 15,389,136,168.68 |
| Total liabilities and owner’s equity | 17,645,726,401.10 | 17,386,774,445.49 |
3. Consolidated Profit Statement
In RMB
| Item | Current period | Last period |
| I. Total operating income | 2,772,108,717.43 | 2,270,130,717.54 |
| Including: Operating income | 2,772,108,717.43 | 2,270,130,717.54 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 2,506,487,031.40 | 2,017,662,693.81 |
| Including: Operating cost | 2,250,580,448.11 | 1,746,327,754.45 |
| 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 | 13,130,773.59 | 21,018,470.72 |
| Sales expense | 49,792,031.77 | 43,843,484.79 |
| Administrative expense | 132,550,468.46 | 128,655,184.37 |
| R&D expense | 74,735,427.38 | 93,170,038.27 |
| Financial expense | -14,302,117.91 | -15,352,238.79 |
| Including: Interest expenses | 2,579,711.49 | 5,031,995.88 |
| Interest income | 18,022,664.17 | 34,388,087.21 |
| Add: other income | 9,216,894.95 | 6,930,045.15 |
| Investment income (Loss is listed with “-”) | 362,685,321.28 | 444,746,539.69 |
| Including: Investment income on affiliated company and joint venture | 301,761,925.15 | 414,416,710.54 |
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | -191,797.71 | |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | -2,206,725.01 | 51,489,477.13 |
| Loss of credit impairment (Loss is listed with “-”) | 7,480,599.59 | -2,738,450.46 |
| Losses of devaluation of asset (Loss is listed with “-”) | -47,389,892.81 | -226,739.06 |
| Income from assets disposal (Loss is listed with “-”) | 70,300.91 | 322,246.23 |
| III. Operating profit (Loss is listed with “-”) | 595,478,184.94 | 752,991,142.41 |
| Add: Non-operating income | 93,384.30 | 890,398.10 |
| Less: Non-operating expense | 3,028,718.52 | 76,964.94 |
| IV. Total profit (Loss is listed with “-”) | 592,542,850.72 | 753,804,575.57 |
| Less: Income tax expense | 38,745,274.61 | 54,077,711.23 |
| V. Net profit (Net loss is listed with “-”) | 553,797,576.11 | 699,726,864.34 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 553,797,576.11 | 699,726,864.34 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 549,996,717.72 | 689,179,364.60 |
| 2.Minority shareholders’ gains and losses | 3,800,858.39 | 10,547,499.74 |
| VI. Net after-tax of other comprehensive income | 1,455.41 | |
| Net after-tax of other comprehensive income attributable to owners of parent company | 960.57 | |
| (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 | 960.57 | |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | 960.57 |
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 494.84 | |
| VII. Total comprehensive income | 553,799,031.52 | 699,726,864.34 |
| Total comprehensive income attributable to owners of parent Company | 549,997,678.29 | 689,179,364.60 |
| Total comprehensive income attributable to minority shareholders | 3,801,353.23 | 10,547,499.74 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.55 | 0.68 |
| (ii) Diluted earnings per share | 0.55 | 0.68 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, andrealized 0 Yuan at last period for combined partyLegal Representative: Chen Xuejun Person in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
4. Profit Statement of Parent Company
In RMB
| Item | Current period | Last period |
| I. Operating income | 1,084,517,709.00 | 1,122,808,498.34 |
| Less: Operating cost | 771,517,997.02 | 793,922,520.33 |
| Taxes and surcharge | 8,726,393.83 | 11,619,619.40 |
| Sales expenses | 3,948,899.85 | 6,247,098.90 |
| Administration expenses | 82,724,030.24 | 80,788,693.43 |
| R&D expenses | 38,924,291.76 | 41,370,653.59 |
| Financial expenses | -19,548,612.65 | -25,004,325.60 |
| Including: interest expenses | 1,138,193.78 | 2,304,661.14 |
| Interest income | 17,644,344.22 | 32,541,171.02 |
| Add: other income | 7,088,433.84 | 5,670,885.85 |
| Investment income (Loss is listed with “-”) | 347,916,717.40 | 422,374,056.78 |
| Including: Investment income on affiliated Company and joint venture | 297,794,629.99 | 392,044,227.63 |
| 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 “-”) | -2,145,787.43 | 50,999,148.00 |
| Loss of credit impairment (Loss is listed with “-”) | 249,448.42 | -799,513.06 |
| Losses of devaluation of asset (Loss is listed with “-”) | ||
| Income on disposal of assets (Loss is listed with “-”) | 377.30 | 45,211.75 |
| II. Operating profit (Loss is listed with “-”) | 551,333,898.48 | 692,154,027.61 |
| Add: Non-operating income | 14,771.67 | 8,950.00 |
| Less: Non-operating expense | 3,017,869.94 | 8,439.26 |
| III. Total Profit (Loss is listed with “-”) | 548,330,800.21 | 692,154,538.35 |
| Less: Income tax | 38,048,842.34 | 49,932,260.51 |
| IV. Net profit (Net loss is listed with “-”) | 510,281,957.87 | 642,222,277.84 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 510,281,957.87 | 642,222,277.84 |
| (ii) termination of net profit (net loss listed with ‘-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| VI. Total comprehensive income | 510,281,957.87 | 642,222,277.84 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
5. Consolidated Cash Flow Statement
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 2,747,435,787.89 | 1,753,285,131.27 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | 6,649,535.99 | 12,709,755.40 |
| Other cash received concerning operating activities | 21,806,760.87 | 44,905,581.72 |
| Subtotal of cash inflow arising from operating activities | 2,775,892,084.75 | 1,810,900,468.39 |
| Cash paid for purchasing commodities and receiving labor service | 1,907,127,747.29 | 1,101,665,565.51 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 327,798,155.34 | 336,754,911.79 |
| Taxes paid | 150,583,399.33 | 112,637,267.48 |
| Other cash paid concerning operating activities | 71,177,972.93 | 114,433,072.15 |
| Subtotal of cash outflow arising from operating activities | 2,456,687,274.89 | 1,665,490,816.93 |
| Net cash flows arising from operating activities | 319,204,809.86 | 145,409,651.46 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 1,783,243,985.27 | 1,483,000,000.00 |
| Cash received from investment income | 201,315,193.84 | 30,329,829.15 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 526,745.43 | 68,596,607.33 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 1,985,085,924.54 | 1,581,926,436.48 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 149,466,109.37 | 98,025,965.78 |
| Cash paid for investment | 1,649,000,000.00 | 1,378,800,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 24,000,000.00 | |
| Subtotal of cash outflow from investing activities | 1,798,466,109.37 | 1,500,825,965.78 |
| Net cash flows arising from investing activities | 186,619,815.17 | 81,100,470.70 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | ||
| Cash received from loans | 46,002,556.36 | 219,585,661.41 |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 46,002,556.36 | 219,585,661.41 |
| Cash paid for settling debts | 32,282,403.79 | 92,597,670.02 |
| Cash paid for dividend and profit distributing or interest paying | 2,150,643.04 | 4,896,490.31 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | 300,007,852.84 | |
| Subtotal of cash outflow from financing activities | 334,440,899.67 | 97,494,160.33 |
| Net cash flows arising from financing activities | -288,438,343.31 | 122,091,501.08 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 2,786,773.70 | 6,786,854.68 |
| V. Net increase of cash and cash equivalents | 220,173,055.42 | 355,388,477.92 |
| Add: Balance of cash and cash equivalents at the period -begin | 820,498,653.85 | 2,404,674,139.49 |
| VI. Balance of cash and cash equivalents at the period -end | 1,040,671,709.27 | 2,760,062,617.41 |
6. Cash Flow Statement of Parent Company
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 942,284,898.63 | 1,000,075,407.06 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 16,951,317.73 | 32,541,171.02 |
| Subtotal of cash inflow arising from operating activities | 959,236,216.36 | 1,032,616,578.08 |
| Cash paid for purchasing commodities and receiving labor service | 534,597,972.02 | 604,233,339.39 |
| Cash paid to/for staff and workers | 183,338,674.87 | 177,071,354.06 |
| Taxes paid | 77,406,224.76 | 79,403,936.58 |
| Other cash paid concerning operating activities | 40,837,830.78 | 35,012,504.04 |
| Subtotal of cash outflow arising from operating activities | 836,180,702.43 | 895,721,134.07 |
| Net cash flows arising from operating activities | 123,055,513.93 | 136,895,444.01 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 1,704,512,336.43 | 1,358,000,000.00 |
| Cash received from investment income | 199,861,009.29 | 30,329,829.15 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 10,723.38 | 336,346.85 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 59,375,295.26 | 30,553,289.34 |
| Subtotal of cash inflow from investing activities | 1,963,759,364.36 | 1,419,219,465.34 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 89,137,557.78 | 54,361,369.31 |
| Cash paid for investment | 1,375,448,157.81 | 1,078,800,000.00 |
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 50,880,372.33 | |
| Subtotal of cash outflow from investing activities | 1,464,585,715.59 | 1,184,041,741.64 |
| Net cash flows arising from investing activities | 499,173,648.77 | 235,177,723.70 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 100,000,000.00 | |
| Other cash received concerning financing activities | 16,620,000.00 | |
| Subtotal of cash inflow from financing activities | 16,620,000.00 | 100,000,000.00 |
| Cash paid for settling debts | ||
| Cash paid for dividend and profit distributing or interest paying | 1,138,193.78 | 2,171,500.02 |
| Other cash paid concerning financing activities | 316,627,852.84 | |
| Subtotal of cash outflow from financing activities | 317,766,046.62 | 2,171,500.02 |
| Net cash flows arising from financing activities | -301,146,046.62 | 97,828,499.98 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 2,828,957.22 | 6,556,084.25 |
| V. Net increase of cash and cash equivalents | 323,912,073.30 | 476,457,751.94 |
| Add: Balance of cash and cash equivalents at the period -begin | 532,115,862.26 | 1,920,076,358.43 |
| VI. Balance of cash and cash equivalents at the period -end | 856,027,935.56 | 2,396,534,110.37 |
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
Consolidate balance sheet
In RMB
| Item | 2019-12-31 | 2020-01-01 | Adjustment amount |
| Current assets: | |||
| Monetary fund | 1,596,893,711.87 | 1,596,893,711.87 | |
| Trading financial assets | 3,940,885,674.32 | 3,940,885,674.32 | |
| Note receivable | 1,812,141,371.94 | 1,812,141,371.94 | |
| Account receivable | 2,310,666,475.89 | 2,406,712,915.10 | 96,046,439.21 |
| Receivable financing | 23,873,317.86 | 23,873,317.86 | |
| Account paid in advance | 139,241,917.78 | 139,241,917.78 | |
| Other account receivable | 43,730,023.31 | 43,730,023.31 | |
| Including: Interest receivable | 655,052.98 | 655,052.98 | |
| Dividend receivable | 1,070,000.00 | 1,070,000.00 | |
| Inventories | 2,418,744,835.82 | 2,418,744,835.82 | |
| Other current assets | 1,012,055,605.74 | 1,012,055,605.74 | |
| Total current assets | 13,298,232,934.53 | 13,394,279,373.74 | 96,046,439.21 |
| Non-current assets: | |||
| Long-term equity investments | 5,322,405,953.35 | 5,322,405,953.35 | |
| Other equity instruments investments | 285,048,000.00 | 285,048,000.00 | |
| Other non-current financial assets | 1,043,589,987.43 | 1,043,589,987.43 | |
| Investment real estate | 22,410,511.87 | 22,410,511.87 | |
| Fixed assets | 2,845,176,078.20 | 2,845,176,078.20 | |
| Construction in progress | 247,857,777.25 | 247,857,777.25 | |
| Intangible assets | 430,594,372.12 | 430,594,372.12 | |
| Goodwill | 1,784,086.79 | 1,784,086.79 | |
| Long-term deferred expenses | 18,536,000.25 | 18,536,000.25 | |
| Deferred income tax assets | 212,476,501.54 | 212,476,501.54 |
| Other non-current assets | 230,235,982.45 | 230,235,982.45 | |
| Total non-current assets | 10,660,115,251.25 | 10,660,115,251.25 | |
| Total assets | 23,958,348,185.78 | 24,054,394,624.99 | 96,046,439.21 |
| Current liabilities | |||
| Short-term borrowings | 312,153,969.81 | 312,153,969.81 | |
| Notes payable | 1,745,218,439.52 | 1,745,218,439.52 | |
| Account payable | 3,312,254,229.84 | 3,312,254,229.84 | |
| Accounts received in advance | 113,737,432.61 | 1,493,602.00 | -112,243,830.61 |
| Contract liabilities | 112,243,830.61 | 112,243,830.61 | |
| Wage payable | 314,343,737.66 | 314,343,737.66 | |
| Taxes payable | 129,538,411.86 | 129,538,411.86 | |
| Other accounts payable | 65,266,262.39 | 65,266,262.39 | |
| Other current liabilities | 96,046,439.21 | 96,046,439.21 | |
| Total current liabilities | 5,992,512,483.69 | 6,088,558,922.90 | 96,046,439.21 |
| Non-current liabilities: | |||
| Long-term account payable | 35,108,263.11 | 35,108,263.11 | |
| Long-term payable employee compensation | 58,392,053.61 | 58,392,053.61 | |
| Deferred income | 365,116,022.98 | 365,116,022.98 | |
| Deferred income tax liabilities | 22,566,051.72 | 22,566,051.72 | |
| Total non-current liabilities | 481,182,391.42 | 481,182,391.42 | |
| Total liabilities | 6,473,694,875.11 | 6,569,741,314.32 | 96,046,439.21 |
| Owners’ equity: | |||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 | |
| Capital public reserve | 3,391,527,806.33 | 3,391,527,806.33 | |
| Other comprehensive income | 134,871.67 | 134,871.67 | |
| Special reserve | 3,247,757.06 | 3,247,757.06 | |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 | |
| Retained profit | 12,076,443,635.56 | 12,076,443,635.56 | |
| Total owner’s equity attributable to parent company | 16,990,405,136.62 | 16,990,405,136.62 | |
| Minority interests | 494,248,174.05 | 494,248,174.05 | |
| Total owner’s equity | 17,484,653,310.67 | 17,484,653,310.67 | |
| Total liabilities and owner’s equity | 23,958,348,185.78 | 24,054,394,624.99 | 96,046,439.21 |
Balance Sheet of Parent Company
In RMB
| Item | 2019-12-31 | 2020-01-01 | Adjustment amount |
| Current assets: | |||
| Monetary fund | 965,770,877.82 | 965,770,877.82 | |
| Trading financial assets | 3,758,789,072.68 | 3,758,789,072.68 | |
| Note receivable | 202,403,993.13 | 202,403,993.13 | |
| Account receivable | 768,500,929.93 | 836,014,968.93 | 67,514,039.00 |
| Account paid in advance | 89,116,730.45 | 89,116,730.45 | |
| Other account receivable | 250,014,956.74 | 250,014,956.74 | |
| Including: Interest receivable | 804,929.68 | 804,929.68 | |
| Dividend receivable | 1,070,000.00 | 1,070,000.00 | |
| Inventories | 565,144,234.49 | 565,144,234.49 | |
| Other current assets | 938,616,881.51 | 938,616,881.51 | |
| Total current assets | 7,538,357,676.75 | 7,605,871,715.75 | 67,514,039.00 |
| Non-current assets: | |||
| Long-term equity investments | 6,331,363,630.04 | 6,331,363,630.04 | |
| Other equity instruments investments | 209,108,000.00 | 209,108,000.00 | |
| Other non-current financial assets | 1,043,589,987.43 | 1,043,589,987.43 | |
| Fixed assets | 1,646,333,216.50 | 1,646,333,216.50 | |
| Construction in progress | 136,573,912.28 | 136,573,912.28 | |
| Intangible assets | 203,663,423.60 | 203,663,423.60 | |
| Deferred income tax assets | 105,137,877.84 | 105,137,877.84 | |
| Other non-current assets | 172,646,721.05 | 172,646,721.05 | |
| Total non-current assets | 9,848,416,768.74 | 9,848,416,768.74 | |
| Total assets | 17,386,774,445.49 | 17,454,288,484.49 | 67,514,039.00 |
| Current liabilities | |||
| Short-term borrowings | 116,126,459.33 | 116,126,459.33 | |
| Notes payable | 284,054,137.00 | 284,054,137.00 | |
| Account payable | 930,273,146.35 | 930,273,146.35 |
| Accounts received in advance | 12,010,730.30 | -12,010,730.30 | |
| Contract liabilities | 12,010,730.30 | 12,010,730.30 | |
| Wage payable | 213,626,754.45 | 213,626,754.45 | |
| Taxes payable | 56,540,307.59 | 56,540,307.59 | |
| Other accounts payable | 11,976,576.21 | 11,976,576.21 | |
| Other current liabilities | 67,514,039.00 | 67,514,039.00 | |
| Total current liabilities | 1,624,608,111.23 | 1,692,122,150.23 | 67,514,039.00 |
| Non-current liabilities: | |||
| Long-term payable employee compensation | 50,058,386.76 | 50,058,386.76 | |
| Deferred income | 322,971,778.82 | 322,971,778.82 | |
| Total non-current liabilities | 373,030,165.58 | 373,030,165.58 | |
| Total liabilities | 1,997,638,276.81 | 2,065,152,315.81 | 67,514,039.00 |
| Owners’ equity: | |||
| Share capital | 1,008,950,570.00 | 1,008,950,570.00 | |
| Capital public reserve | 3,488,221,286.39 | 3,488,221,286.39 | |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 | |
| Retained profit | 10,381,863,816.29 | 10,381,863,816.29 | |
| Total owner’s equity | 15,389,136,168.68 | 15,389,136,168.68 | |
| Total liabilities and owner’s equity | 17,386,774,445.49 | 17,454,288,484.49 | 67,514,039.00 |
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
stquarterly report has been audited or not
□Yes √ No
The 1
stquarterly report of the Company was unaudited
Board of Director ofWeifu High-Technology Group Co., Ltd
Chairman: ________Chen Xuejun30 April 2020