SHENZHENPROPERTIES&RESOURCES
DEVELOPMENT(GROUP)LTD.
FIRSTQUARTERREPORT2020
(AnnouncementNo.2020-23)
April2020
PartIImportantNotesTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.LiuShengxiang,theCompany’slegalrepresentative,CaiLili,theCompany’sheadoffinancialaffairs,andLiuQiang,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformationIKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
√Yes□NoReasonforretrospectiverestatementBusinesscombinationunderthesamecontrol
Q12020
Q12020 | Q12019 | Change(%) | ||
Before | After | After | ||
Operatingrevenue(RMB) | 861,546,080.08 | 385,944,107.52 | 524,703,768.39 | 64.20% |
Netprofitattributabletothelistedcompany’sshareholders(RMB) | 152,014,318.10 | 78,431,920.59 | 95,281,689.98 | 59.54% |
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | 152,909,860.77 | 77,831,706.94 | 94,455,738.08 | 61.89% |
Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -609,307,576.52 | -64,518,467.02 | -30,874,623.89 | 1,873.49% |
Basicearningspershare(RMB/share) | 0.2551 | 0.1316 | 0.1599 | 59.54% |
Dilutedearningspershare(RMB/share) | 0.2551 | 0.1316 | 0.1599 | 59.54% |
Weightedaveragereturnonequity(%) | 4.72% | 2.32% | 2.42% | 2.30% |
31March2020 | 31December2019 | Change(%) | ||
Before | After | After | ||
Totalassets(RMB) | 11,287,993,362.09 | 10,772,491,740.53 | 10,772,491,740.53 | 4.79% |
Equityattributabletothelistedcompany’sshareholders(RMB) | 3,298,549,330.03 | 3,147,949,009.38 | 3,147,949,009.38 | 4.78% |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
Item | Q12020 | Note |
Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | -458.25 | Disposalofmiscellaneousfixedassets |
Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 298,303.57 | Governmentsubsidyforepidemic |
Non-operatingincomeandexpenseotherthantheabove
Non-operatingincomeandexpenseotherthantheabove | -1,591,336.74 | ExpenseonspecialfunddonationofRMB2millionforassistingHubeiProvince |
Less:Incometaxeffects | -397,948.75 | |
Total | -895,542.67 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat31March2020
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
Numberofordinaryshareholdersattheperiod-end | 38,645 | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | |||||
Top10shareholders | ||||||||
Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | |||
Status | Shares | |||||||
ShenzhenInvestmentHoldingsCorporation | State-ownedlegalperson | 57.96% | 345,412,223 | 3,326 | ||||
ChinaOrientAssetManagementCo.,Ltd. | State-ownedlegalperson | 5.87% | 34,970,000 | |||||
DuanShaoteng | Domesticnaturalperson | 0.32% | 1,935,855 | |||||
ShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd. | Domesticnon-state-ownedlegalperson | 0.29% | 1,730,300 | 1,730,300 | ||||
YangYaochu | Domesticnaturalperson | 0.24% | 1,425,020 | |||||
LiJing | Domesticnaturalperson | 0.23% | 1,360,040 | |||||
ShantouRealEstateHexinCo.,Ltd. | Domesticnon-state-owned | 0.23% | 1,352,861 |
legalperson
legalperson | ||||||
ChinaIndustrialSecuritiesCo.,Ltd.-BroadJiuhangHybridSecuritiesInvestmentFund | Other | 0.21% | 1,251,100 | |||
MaiFurong | Domesticnaturalperson | 0.20% | 1,221,500 | |||
ChinaConstructionBankCorporation-GreatWallQuantifiedSmall-capStockSecuritiesInvestmentFund | Other | 0.18% | 1,050,000 | |||
Top10unrestrictedshareholders | ||||||
Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | ||||
Type | Shares | |||||
ShenzhenInvestmentHoldingsCorporation | 345,408,897 | RMB-denominatedordinarystock | 345,408,897 | |||
ChinaOrientAssetManagementCo.,Ltd. | 34,970,000 | RMB-denominatedordinarystock | 34,970,000 | |||
DuanShaoteng | 1,935,855 | RMB-denominatedordinarystock | 1,935,855 | |||
YangYaochu | 1,425,020 | Domesticallylistedforeignstock | 1,425,020 | |||
LiJing | 1,360,040 | Domesticallylistedforeignstock | 1,360,040 | |||
ShantouRealEstateHexinCo.,Ltd. | 1,352,861 | RMB-denominatedordinarystock | 1,352,861 | |||
ChinaIndustrialSecuritiesCo.,Ltd.-BroadJiuhangHybridSecuritiesInvestmentFund | 1,251,100 | RMB-denominatedordinarystock | 1,251,100 | |||
MaiFurong | 1,221,500 | Domesticallylistedforeignstock | 1,221,500 | |||
ChinaConstructionBankCorporation-GreatWallQuantifiedSmall-capStockSecuritiesInvestmentFund | 1,050,000 | RMB-denominatedordinarystock | 1,050,000 | |||
WangHui | 900,000 | Domesticallylistedforeignstock | 900,000 | |||
Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thefirstlargestshareholder,ShenzhenInvestmentHoldingCorporation,istheactualcontrollingshareholderoftheCompany.AndtheCompanydoesnotknow |
whethertherearerelatedpartiesoracting-in-concertpartiesamongtheother9shareholders.
whethertherearerelatedpartiesoracting-in-concertpartiesamongtheother9shareholders. | |
Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEventsIChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable
1.AccountsreceivablestoodatRMB298,975,721.06asat31March2020,rising37.83%comparedto31December2019,primarilydrivenbytheincreaseinpropertymanagementchargesandrentsreceivable.
2.PrepaymentsstoodatRMB94,177,685.77asat31March2020,rising35.42%comparedto31December2019,primarilydrivenbytheincreaseindemolitionservicefeeprepaid.
3.OthercurrentassetsstoodatRMB15,479,937.23asat31March2020,declining63.58%comparedto31December2019,primarilydrivenbythedecreaseindebitbalanceoftaxespayableneedingtobereclassified.
4.Othernon-currentassetsstoodatRMB6,974,331.66asat31December2020,rising48.01%comparedto31December2019,primarilydrivenbytheincreaseinprepaymentsforexpensesrelatedtoacquisitionorconstructionoflong-termassets.
5.AdvancesfromcustomersstoodatRMB194,116,954.09asat31March2020,declining73.34%comparedto31December2019,primarilydrivenbythattheadvancesfromcommercialbuildingsaleshadreachedthecarry-forwardincomeconditions.
6.Currentportionofnon-currentliabilitiesstoodatRMB5,237,946.33asat31March2020,rising33.59%comparedto31December2019,primarilydrivenbytheincreaseinwithdrawninterestpayable.
7.Long-termborrowingsstoodatRMB3,000,833,000.00asat31March2020,rising36.78%comparedto31December2019,primarilydrivenbynewbankborrowings.
8.OperatingRevenuestoodatRMB861,546,080.08duringQ12020,rising64.20%comparedtoQ12019,primarilydrivenbytheincreaseinincomefromrealestatebusinesscausedbyYoYincreaseinprojectclearingareaandunitprice.
9.TaxesandsurchargesstoodatRMB266,678,061.72duringQ12020,rising362.54%comparedtoQ12019,primarilydrivenbytheincreaseinVAToflandcausedbytheincreaseincarry-forwardincomefromrealestatebusinessandhighvalue-addedrateofcarry-forwardprojects.
10.FinancecostsstoodatRMB21,628,629.97duringQ12020andthatofQ12019atRMB-2,785,169.31,primarilydrivenbytheincreaseininterestexpense.
11.InvestmentincomestoodatRMB-10,994.73duringQ12020andthatofQ12019atRMB473,204.19,primarilydrivenbythedecreaseinrealizedincomeofjointventuresoftheCompanyaffectedbytheepidemic.
12.Non-operatingexpensestoodatRMB2,078,006.42duringQ12020,rising260.83%comparedtoQ12019,primarilydrivenbyspecialfunddonationofRMB2millionforassistingHubeiProvince.
13.IncometaxexpensestoodatRMB71,031,397.02duringQ12020,rising95.32%comparedtoQ12019,primarilydrivenbytheincreaseinrealizedprofitoftheCompany.
14.Netcashgeneratedfrom/usedinoperatingactivitiesstoodatRMB-609,307,576.52duringQ12020,andthenetcashusedinoperatingactivitiesrose1873.49%comparedtothatofQ12019,primarilydrivenbytheincreaseinexpenseonconstructionprojectsandtaxpaymentsduringQ12020.
15.Netcashgeneratedfrom/usedinfinancingactivitiesstoodatRMB772,655,600.48duringQ12020,andthatofQ12019atRMB-60,321,156.25,primarilydrivenbyobtainingnewloansofRMB0.807billionduringQ12020.
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
√Applicable□Notapplicable
1.On4March2020,thecontrollingshareholderoftheCompany,ShenzhenInvestmentHoldingsCo.,Ltd.agreedtotransferpartialCompany’ssharesandhasfinishedthetransferregistrationproceduresinChinaSecuritiesDepositoryandClearingCo.,Ltd.afterthecompletionofthetransfer,ShenzhenInvestmentHoldingsCo.,Ltd.holds345,412,223sharesoftheCompany,reducingto
57.96%from63.82%,whilestillbethecontrollingshareholder.ChinaOrientAssetManagementCo.,Ltd.holds34,970,000shares,accountingfor5.87%ofthetotalshares,whichhasbeenthesecondlargestshareholdersholdingover5%oftheCompany’sshares.TheCompanyhasdisclosedtheinformationindesignatedmediaandnewspaperon6March2020.
2.Inorderoffightagainsttheepidemicsituationtogether,fulfillsocialresponsibilitiesactively,acceleratetheimplementationofthedecisionsandplansofovercomingtheepidemicsituationandsupportingenterprisesbyShenzhenMunicipalGovernmentandShenzhenState-ownedAssetsSupervisionandAdministrationCommission,theCompanyhastakenmeasuresofrentalreduction,anddisclosedtheinformationindesignatedmediaandnewspaperon3March2020.
3.InordertoresponsethecallofShenzhenState-ownedAssetsSupervisionandAdministrationCommission,furtherpromotetheconcentrationofhigh-qualityresourcestoadvancedenterprisesespeciallytolistedcompanies,improvethedevelopmentpotentialofthelistedcompanies,optimizeandenhancetheindustrialstructureoflistedcompany,andexpandandstrengthentheadvancedmainbusiness,theCompanyintendedtoacquire100%ofequityinShenzhenToukongPropertyManagementCo.,Ltd.(hereinafterreferredtoas“TKProperty”)heldbyShenzhenInvestmentHoldingsCo.,Ltd..TheequityacquisitionhasbeenapprovedbytheBoardofDirectorsandGeneralMeetingafterthedeliberationofthe8
th
Meetingofthe9
thBoardofDirectorson6September2019andthe2
ndExtraordinaryGeneralMeetingon23September2019,inwhichtheindependentdirectorhasissuedtheauditopinionandprofessionalindependentopinion.AsoftheendoftheReportingPeriod,theCompanyhasfinishedtherelevantalterationregistrationproceduresof100%ofequityofTKProperty.
Overviewofsignificantevents
Overviewofsignificantevents | Disclosuredate | Indextodisclosurewebsiteforinterimreport |
ShenzhenInvestmentHoldingsCo.,Ltd.,thecontrollingshareholderoftheCompany,agreedtotransferpartialsharesoftheCompanytoChinaOrientAssetManagementCo.,Ltd. | 2January2020 | AnnouncementonProgressofPartialSharesTransferbyControllingShareholderandEquityChanges(AnnouncementNo.2020-1)onwww.cninfo.com.cn |
6March2020 | AnnouncementonCompletionofTransferRegistrationofPartialSharesbyControllingShareholder(AnnouncementNo.2020-6)onwww.cninfo.com.cn | |
Rentalreduction | 3March2020 | AnnouncementonVoluntaryDisclosureofRentalReduction(AnnouncementNo.2020-4)onwww.cninfo.com.cn |
Theacquisitionof100%equityofShenzhenToukongPropertyManagementCo.,Ltd.andrelated-partytransaction | 13December2018 | AnnouncementonSigningLetterofEquityTransferIntentwithControllingShareholder(AnnouncementNo.2018-39)onwww.cninfo.com.cn |
7September2019 | AnnouncementonAcquisitionof100%EquityofShenzhenToukongPropertyManagementCo.,Ltd.andRelated-partyTransaction(AnnouncementNo.2019-30)onwww.cninfo.com.cn | |
21September2019 | AnnouncementonAcquisitionof100%EquityofShenzhenToukongPropertyManagementCo.,Ltd. |
andRelated-partyTransaction(AnnouncementNo.2019-33)onwww.cninfo.com.cn
andRelated-partyTransaction(AnnouncementNo.2019-33)onwww.cninfo.com.cn | |
9November2019 | AnnouncementonAcquisitionof100%EquityofShenzhenToukongPropertyManagementCo.,Ltd.andRelated-partyTransaction(AnnouncementNo.2019-47)onwww.cninfo.com.cn |
28November2019 | AnnouncementonAcquisitionof100%EquityofShenzhenToukongPropertyManagementCo.,Ltd.andRelated-partyTransaction(AnnouncementNo.2019-50)onwww.cninfo.com.cn |
Progressofanysharerepurchases:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√NotapplicableIIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IVSecuritiesInvestment
√Applicable□Notapplicable
Unit:RMB
Varietyofsecurity | Symbolofsecurity | Nameofsecurity | Initialinvestmentcost | Accountingmeasurementmodel | Beginningcarryingvalue | Gain/lossofchangesinfairvalueintheReportingPeriod | Accumulativechangesinfairvaluerecordedintoequities | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Gain/lossinReportingPeriod | Endingcarryingvalue | Accountingtitle | Capitalsource |
Domestic/o | 400016、 | GintianA, | 3,565,856.0 | Fairvalue | 1,580,475.8 | -329,260.4 | -2,380,528. | 0.00 | 0.00 | 0.00 | 1,251,215.4 | Otherequity | Obtainedin |
verseasstock
verseasstock | 420016 | GintianB | 6 | measurement | 6 | 1 | 65 | 5 | instrumentinvestment | debtrestructuring | |||
Total | 3,565,856.06 | -- | 1,580,475.86 | -329,260.41 | -2,380,528.65 | 0.00 | 0.00 | 0.00 | 1,251,215.45 | -- | -- | ||
DisclosuredateofannouncementonBoard’sconsentforsecuritiesinvestment | |||||||||||||
Disclosuredateofannouncementonshareholders’meeting’sconsentforsecuritiesinvestment(ifany) |
VWealthManagementEntrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIInvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
Date | Wayofcommunication | Typeofcommunicationparty | Indextomaininformationcommunicated |
2January2020 | EasyIRplatformofSZSE | Individual | Inquiredofdisclosureinformationof2011AnnualReport |
6January2020 | EasyIRplatformofSZSE | Individual | InquiredofcompletionofGoldenCollarProject |
24February2020 | EasyIRplatformofSZSE | Individual | InquiredofsharetransferofShenzhenInvestmentHoldings |
4March2020 | Byphone | Individual | InquiredofstockperformancebusinessperformanceoftheCompany |
5March2020
5March2020 | EasyIRplatformofSZSE | Individual | InquiredoftrusteeshipofForeignTradeGroup |
18March2020 | Byphone | Individual | Inquiredofprojectconstructionintheannualreport |
18March2020 | Byphone | Individual | Inquiredofinventoriesandprojectconstructionintheannualreport |
18March2020 | Byphone | Individual | InquiredofpropertymanagementincomeintheannualreportandtheprogressofBanglingProject |
21March2020 | EasyIRplatformofSZSE | Individual | InquiredofperformanceofRongyaoRealEstate |
23March2020 | Byphone | Individual | Inquiredoftheproportionofbusinessdivisionintheannualreportandprojectprogress |
VIIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IXOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatementsIFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyShenZhenProperties&ResourcesDevelopment(Group)Ltd.
31March2020
Unit:RMB
Item
Item | 31March2020 | 31December2019 |
Currentassets: | ||
Monetaryassets | 3,463,320,372.92 | 3,297,890,935.91 |
Settlementreserve | ||
Interbankloansgranted | ||
Held-for-tradingfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | ||
Accountsreceivable | 298,975,721.06 | 216,923,663.25 |
Accountsreceivablefinancing | ||
Prepayments | 94,177,685.77 | 69,546,774.17 |
Premiumsreceivable | ||
Reinsurancereceivables | ||
Receivablereinsurancecontractreserve | ||
Otherreceivables | 798,858,900.07 | 917,981,165.74 |
Including:Interestreceivable | ||
Dividendsreceivable | ||
Financialassetspurchasedunderresaleagreements | ||
Inventories | 5,283,561,318.69 | 4,913,510,876.66 |
Contractualassets | ||
Assetsclassifiedasheldforsale | ||
Currentportionofnon-currentassets | ||
Othercurrentassets | 15,479,937.23 | 42,500,585.94 |
Totalcurrentassets
Totalcurrentassets | 9,954,373,935.74 | 9,458,354,001.67 |
Non-currentassets: | ||
Loansandadvancestocustomers | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | ||
Long-termequityinvestments | 45,065,127.99 | 45,076,122.72 |
Investmentsinotherequityinstruments | 1,251,215.45 | 1,580,475.86 |
Othernon-currentfinancialassets | ||
Investmentproperty | 495,358,857.42 | 503,323,428.61 |
Fixedassets | 91,107,930.38 | 93,557,782.83 |
Constructioninprogress | ||
Productivelivingassets | ||
Oilandgasassets | ||
Userightsassets | ||
Intangibleassets | 513,875.22 | 700,369.66 |
R&Dexpense | ||
Goodwill | ||
Long-termprepaidexpense | 6,763,383.23 | 7,034,472.79 |
Deferredincometaxassets | 686,584,705.00 | 658,153,122.73 |
Othernon-currentassets | 6,974,331.66 | 4,711,963.66 |
Totalnon-currentassets | 1,333,619,426.35 | 1,314,137,738.86 |
Totalassets | 11,287,993,362.09 | 10,772,491,740.53 |
Currentliabilities: | ||
Short-termborrowings | ||
Borrowingsfromthecentralbank | ||
Interbankloansobtained | ||
Held-for-tradingfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | ||
Accountspayable | 504,355,538.60 | 577,689,139.10 |
Advancesfromcustomers | 194,116,954.09 | 728,186,032.63 |
Contractualliabilities
Contractualliabilities | ||
Financialassetssoldunderrepurchaseagreements | ||
Customerdepositsandinterbankdeposits | ||
Payablesforactingtradingofsecurities | ||
Payablesforunderwritingofsecurities | ||
Payrollpayable | 124,222,035.64 | 143,493,868.80 |
Taxespayable | 2,672,775,395.02 | 2,598,283,291.68 |
Otherpayables | 1,277,433,713.45 | 1,149,104,928.85 |
Including:Interestpayable | ||
Dividendspayable | 12,202,676.04 | 12,202,676.04 |
Handlingchargesandcommissionspayable | ||
Reinsurancepayables | ||
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
Currentportionofnon-currentliabilities | 5,237,946.33 | 3,921,032.24 |
Othercurrentliabilities | ||
Totalcurrentliabilities | 4,778,141,583.13 | 5,200,678,293.30 |
Non-currentliabilities: | ||
Insurancecontractreserve | ||
Long-termborrowings | 3,000,833,000.00 | 2,193,833,000.00 |
Bondspayable | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | ||
Long-termpayables | ||
Long-termpayrollpayable | ||
Provisions | 2,903,327.87 | 2,903,327.87 |
Deferredincome | 341,259.63 | 341,259.63 |
Deferredincometaxliabilities | 3,821.08 | 3,821.08 |
Othernon-currentliabilities | 111,694,340.84 | 108,164,737.46 |
Totalnon-currentliabilities | 3,115,775,749.42 | 2,305,246,146.04 |
Totalliabilities
Totalliabilities | 7,893,917,332.55 | 7,505,924,439.34 |
Owners’equity: | ||
Sharecapital | 595,979,092.00 | 595,979,092.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 80,488,045.38 | 80,488,045.38 |
Less:Treasurystock | ||
Othercomprehensiveincome | -4,112,368.89 | -2,698,371.44 |
Specificreserve | ||
Surplusreserves | 17,060,448.05 | 17,060,448.05 |
Generalreserve | ||
Retainedearnings | 2,609,134,113.49 | 2,457,119,795.39 |
TotalequityattributabletoownersoftheCompanyastheparent | 3,298,549,330.03 | 3,147,949,009.38 |
Non-controllinginterests | 95,526,699.51 | 118,618,291.81 |
Totalowners’equity | 3,394,076,029.54 | 3,266,567,301.19 |
Totalliabilitiesandowners’equity | 11,287,993,362.09 | 10,772,491,740.53 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item | 31March2020 | 31December2019 |
Currentassets: | ||
Monetaryassets | 2,786,666,477.84 | 2,455,001,204.14 |
Held-for-tradingfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | ||
Accountsreceivable | 4,432,693.46 | 755,932.14 |
Accountsreceivablefinancing | ||
Prepayments | 508,591.09 | 496,729.09 |
Otherreceivables | 375,529,093.37 | 501,082,153.81 |
Including:Interestreceivable |
Dividendsreceivable
Dividendsreceivable | ||
Inventories | 625,506,701.19 | 624,499,208.02 |
Contractualassets | ||
Assetsclassifiedasheldforsale | ||
Currentportionofnon-currentassets | ||
Othercurrentassets | 383,792.83 | 1,113,935.28 |
Totalcurrentassets | 3,793,027,349.78 | 3,582,949,162.48 |
Non-currentassets: | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | ||
Long-termequityinvestments | 1,070,531,008.38 | 1,070,542,003.11 |
Investmentsinotherequityinstruments | 1,481,715.45 | 1,810,975.86 |
Othernon-currentfinancialassets | ||
Investmentproperty | 307,491,893.39 | 312,638,785.76 |
Fixedassets | 25,118,139.40 | 26,337,488.29 |
Constructioninprogress | ||
Productivelivingassets | ||
Oilandgasassets | ||
Userightsassets | ||
Intangibleassets | ||
R&Dexpense | ||
Goodwill | ||
Long-termprepaidexpense | 562,172.22 | 605,416.29 |
Deferredincometaxassets | 344,168,332.90 | 343,958,821.07 |
Othernon-currentassets | 1,089,298,553.68 | 1,613,657,031.92 |
Totalnon-currentassets | 2,838,651,815.42 | 3,369,550,522.30 |
Totalassets | 6,631,679,165.20 | 6,952,499,684.78 |
Currentliabilities: | ||
Short-termborrowings | ||
Held-for-tradingfinancialliabilities |
Derivativefinancialliabilities
Derivativefinancialliabilities | ||
Notespayable | ||
Accountspayable | 39,975,866.24 | 64,503,938.37 |
Advancesfromcustomers | 208,088.58 | 320,469.53 |
Contractualliabilities | ||
Payrollpayable | 29,653,474.22 | 36,735,205.68 |
Taxespayable | 1,330,434,497.42 | 1,322,751,671.37 |
Otherpayables | 2,820,613,878.36 | 3,146,684,268.89 |
Including:Interestpayable | ||
Dividendspayable | 29,642.40 | 29,642.40 |
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
Currentportionofnon-currentliabilities | ||
Othercurrentliabilities | ||
Totalcurrentliabilities | 4,220,885,804.82 | 4,570,995,553.84 |
Non-currentliabilities: | ||
Long-termborrowings | ||
Bondspayable | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | ||
Long-termpayables | ||
Long-termpayrollpayable | ||
Provisions | ||
Deferredincome | ||
Deferredincometaxliabilities | ||
Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
Totalnon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
Totalliabilities | 4,260,885,804.82 | 4,610,995,553.84 |
Owners’equity: | ||
Sharecapital | 595,979,092.00 | 595,979,092.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds |
Capitalreserves
Capitalreserves | 53,876,380.11 | 53,876,380.11 |
Less:Treasurystock | ||
Othercomprehensiveincome | -2,380,528.65 | -2,051,268.24 |
Specificreserve | ||
Surplusreserves | 16,403,637.61 | 16,403,637.61 |
Retainedearnings | 1,706,914,779.31 | 1,677,296,289.46 |
Totalowners’equity | 2,370,793,360.38 | 2,341,504,130.94 |
Totalliabilitiesandowners’equity | 6,631,679,165.20 | 6,952,499,684.78 |
3.ConsolidatedIncomeStatement
Unit:RMB
Item | Q12020 | Q12019 |
1.Revenue | 861,546,080.08 | 524,703,768.39 |
Including:Operatingrevenue | 861,546,080.08 | 524,703,768.39 |
Interestincome | ||
Premiumincome | ||
Handlingchargeandcommissionincome | ||
2.Costsandexpenses | 662,964,303.05 | 399,133,736.56 |
Including:Costofsales | 330,926,955.66 | 299,142,758.17 |
Interestexpense | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netclaimspaid | ||
Netamountprovidedaspolicyreserve | ||
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 266,678,061.72 | 57,655,679.89 |
Sellingexpense | 4,689,041.03 | 3,702,598.12 |
Administrativeexpense | 39,041,614.67 | 41,417,869.69 |
R&Dexpense | ||
Financecosts | 21,628,629.97 | -2,785,169.31 |
Including:Interestexpense
Including:Interestexpense | 38,309,547.10 | 13,494,997.51 |
Interestincome | -16,103,643.77 | -16,545,473.37 |
Add:Otherincome | 1,170,615.61 | 0.00 |
Returnoninvestment(“-”forloss) | -10,994.73 | 473,204.19 |
Including:Shareofprofitorlossofjointventuresandassociates | -10,994.73 | 473,204.19 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
Foreignexchangegain(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Creditimpairmentloss(“-”forloss) | 1,016,216.33 | 0.00 |
Assetimpairmentloss(“-”forloss) | ||
Assetdisposalincome(“-”forloss) | ||
3.Operatingprofit(“-”forloss) | 200,757,614.24 | 126,043,236.02 |
Add:Non-operatingincome | 784,515.00 | 1,401,846.79 |
Less:Non-operatingexpense | 2,078,006.42 | 575,894.89 |
4.Profitbeforetax(“-”forloss) | 199,464,122.82 | 126,869,187.92 |
Less:Incometaxexpense | 71,031,397.02 | 36,367,428.73 |
5.Netprofit(“-”fornetloss) | 128,432,725.80 | 90,501,759.19 |
5.1Byoperatingcontinuity | ||
5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 128,432,725.80 | 90,501,759.19 |
5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.2Byownership | ||
5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 152,014,318.10 | 95,281,689.98 |
5.2.1Netprofitattributabletonon-controllinginterests | -23,581,592.30 | -4,779,930.79 |
6.Othercomprehensiveincome,netoftax
6.Othercomprehensiveincome,netoftax | -1,413,997.45 | 1,128,843.82 |
AttributabletoownersoftheCompanyastheparent | -1,413,997.45 | 1,128,843.82 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -329,260.41 | 0.00 |
6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | 0.00 | |
6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -329,260.41 | 0.00 |
6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
6.1.5Other | ||
6.2Itemsthatwillbereclassifiedtoprofitorloss | -1,084,737.04 | 1,128,843.82 |
6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
6.2.4Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
6.2.5Reserveforcashflowhedges | ||
6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -1,084,737.04 | 1,128,843.82 |
6.2.7Other | ||
Attributabletonon-controllinginterests | ||
7.Totalcomprehensiveincome | 127,018,728.35 | 91,630,603.01 |
Attributabletoownersofthe | 150,600,320.65 | 96,410,533.80 |
Companyastheparent
Companyastheparent | ||
Attributabletonon-controllinginterests | -23,581,592.30 | -4,779,930.79 |
8.Earningspershare | ||
8.1Basicearningspershare | 0.2551 | 0.1599 |
8.2Dilutedearningspershare | 0.2551 | 0.1599 |
Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB16,853,717.77.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
Item | Q12020 | Q12019 |
1.Operatingrevenue | 9,570,288.89 | 170,999,874.89 |
Less:Costofsales | 7,201,252.82 | 32,647,485.77 |
Taxesandsurcharges | 1,448,803.87 | 46,678,135.05 |
Sellingexpense | 11,069.00 | 1,563,480.03 |
Administrativeexpense | 11,018,364.52 | 11,124,847.45 |
R&Dexpense | ||
Financecosts | -15,068,444.79 | -12,118,735.77 |
Including:Interestexpense | 0.00 | 0.00 |
Interestincome | -15,074,747.59 | -12,177,082.31 |
Add:Otherincome | ||
Returnoninvestment(“-”forloss) | 36,174,277.60 | 2,306,537.53 |
Including:Shareofprofitorlossofjointventuresandassociates | -10,994.73 | 473,204.19 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Creditimpairmentloss(“-”for |
loss)
loss) | ||
Assetimpairmentloss(“-”forloss) | ||
Assetdisposalincome(“-”forloss) | ||
2.Operatingprofit(“-”forloss) | 41,133,521.07 | 93,411,199.89 |
Add:Non-operatingincome | 18,036.00 | 160,000.00 |
Less:Non-operatingexpense | 2,000,000.00 | 319,808.09 |
3.Profitbeforetax(“-”forloss) | 39,151,557.07 | 93,251,391.80 |
Less:Incometaxexpense | 9,533,067.22 | 23,200,088.89 |
4.Netprofit(“-”fornetloss) | 29,618,489.85 | 70,051,302.91 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 29,618,489.85 | 70,051,302.91 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netoftax | -329,260.41 | 0.00 |
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -329,260.41 | 0.00 |
5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -329,260.41 | 0.00 |
5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
5.1.5Other | ||
5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
5.2.3Othercomprehensiveincomearisingfromthe |
reclassificationoffinancialassets
reclassificationoffinancialassets | ||
5.2.4Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.2.5Reserveforcashflowhedges | ||
5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.7Other | ||
6.Totalcomprehensiveincome | 29,289,229.44 | 70,051,302.91 |
7.Earningspershare | ||
7.1Basicearningspershare | 0.0497 | 0.1175 |
7.2Dilutedearningspershare | 0.0497 | 0.1175 |
5.ConsolidatedCashFlowStatement
Unit:RMB
Item | Q12020 | Q12019 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 308,259,221.14 | 606,092,852.81 |
Netincreaseincustomerdepositsandinterbankdeposits | ||
Netincreaseinborrowingsfromthecentralbank | ||
Netincreaseinloansfromotherfinancialinstitutions | ||
Premiumsreceivedonoriginalinsurancecontracts | ||
Netproceedsfromreinsurance | ||
Netincreaseindepositsandinvestmentsofpolicyholders | ||
Interest,handlingchargesandcommissionsreceived | ||
Netincreaseininterbankloansobtained | ||
Netincreaseinproceedsfromrepurchasetransactions |
Netproceedsfromactingtradingofsecurities
Netproceedsfromactingtradingofsecurities | ||
Taxrebates | ||
Cashgeneratedfromotheroperatingactivities | 278,533,921.65 | 81,041,513.07 |
Subtotalofcashgeneratedfromoperatingactivities | 586,793,142.79 | 687,134,365.88 |
Paymentsforcommoditiesandservices | 659,349,883.60 | 417,499,429.71 |
Netincreaseinloansandadvancestocustomers | ||
Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
Paymentsforclaimsonoriginalinsurancecontracts | ||
Netincreaseininterbankloansgranted | ||
Interest,handlingchargesandcommissionspaid | ||
Policydividendspaid | ||
Cashpaidtoandforemployees | 170,204,761.13 | 154,766,206.98 |
Taxespaid | 309,457,486.32 | 104,235,821.73 |
Cashusedinotheroperatingactivities | 57,088,588.26 | 41,507,531.35 |
Subtotalofcashusedinoperatingactivities | 1,196,100,719.31 | 718,008,989.77 |
Netcashgeneratedfrom/usedinoperatingactivities | -609,307,576.52 | -30,874,623.89 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | ||
Returnoninvestment | ||
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 0.00 | 970.00 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
Cashgeneratedfromotherinvestingactivities | ||
Subtotalofcashgeneratedfrominvestingactivities | 0.00 | 970.00 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 3,384,962.58 | 1,178,538.73 |
Paymentsforinvestments | ||
Netincreaseinpledgedloansgranted | ||
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 0.00 | 1,555,272.25 |
Cashusedinotherinvestingactivities | ||
Subtotalofcashusedininvestingactivities | 3,384,962.58 | 2,733,810.98 |
Netcashgeneratedfrom/usedininvestingactivities | -3,384,962.58 | -2,732,840.98 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | 490,000.00 | 0.00 |
Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 490,000.00 | 0.00 |
Borrowingsobtained | 807,000,000.00 | 0.00 |
Cashgeneratedfromotherfinancingactivities | ||
Subtotalofcashgeneratedfromfinancingactivities | 807,490,000.00 | 0.00 |
Repaymentsofborrowings | ||
Paymentsforinterestanddividends | 34,834,399.52 | 60,321,156.25 |
Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
Cashusedinotherfinancingactivities | ||
Subtotalofcashusedinfinancingactivities | 34,834,399.52 | 60,321,156.25 |
Netcashgeneratedfrom/usedinfinancingactivities | 772,655,600.48 | -60,321,156.25 |
4.Effectofforeignexchangeratechangesoncashandcashequivalents | 1,083,303.30 | -1,113,462.35 |
5.Netincreaseincashandcashequivalents | 161,046,364.68 | -95,042,083.47 |
Add:Cashandcashequivalents, | 3,285,345,233.47 | 3,881,027,257.89 |
beginningoftheperiod
beginningoftheperiod | ||
6.Cashandcashequivalents,endoftheperiod | 3,446,391,598.15 | 3,785,985,174.42 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
Item | Q12020 | Q12019 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 5,388,532.54 | 210,768,021.48 |
Taxrebates | 0.00 | |
Cashgeneratedfromotheroperatingactivities | 150,366,853.96 | 438,941,608.53 |
Subtotalofcashgeneratedfromoperatingactivities | 155,755,386.50 | 649,709,630.01 |
Paymentsforcommoditiesandservices | 27,546,580.74 | 37,404,275.70 |
Cashpaidtoandforemployees | 13,488,663.13 | 10,964,754.93 |
Taxespaid | 5,805,090.10 | 48,051,017.73 |
Cashusedinotheroperatingactivities | 344,578,504.62 | 64,533,773.42 |
Subtotalofcashusedinoperatingactivities | 391,418,838.59 | 160,953,821.78 |
Netcashgeneratedfrom/usedinoperatingactivities | -235,663,452.09 | 488,755,808.23 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 565,000,000.00 | |
Returnoninvestment | 0.00 | 152,777.78 |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 0.00 | 690.00 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 0.00 | |
Cashgeneratedfromotherinvestingactivities | 0.00 | |
Subtotalofcashgeneratedfrominvestingactivities | 565,000,000.00 | 153,467.78 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsand | 2,290,332.09 | 251,436.80 |
otherlong-livedassets
otherlong-livedassets | ||
Paymentsforinvestments | 0.00 | 500,000,000.00 |
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 0.00 | 1,600,000.00 |
Cashusedinotherinvestingactivities | 0.00 | |
Subtotalofcashusedininvestingactivities | 2,290,332.09 | 501,851,436.80 |
Netcashgeneratedfrom/usedininvestingactivities | 562,709,667.91 | -501,697,969.02 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | ||
Borrowingsobtained | ||
Cashgeneratedfromotherfinancingactivities | ||
Subtotalofcashgeneratedfromfinancingactivities | ||
Repaymentsofborrowings | ||
Paymentsforinterestanddividends | ||
Cashusedinotherfinancingactivities | ||
Subtotalofcashusedinfinancingactivities | ||
Netcashgeneratedfrom/usedinfinancingactivities | ||
4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
5.Netincreaseincashandcashequivalents | 327,046,215.82 | -12,942,160.79 |
Add:Cashandcashequivalents,beginningoftheperiod | 2,450,935,673.17 | 2,520,788,994.16 |
6.Cashandcashequivalents,endoftheperiod | 2,777,981,888.99 | 2,507,846,833.37 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearofanyNewStandardsGoverningRevenueorLeasesfrom2020
□Applicable√Notapplicable
2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstExecutionofanyNewStandardsGoverningRevenueorLeasesfrom2020
√Applicable□NotapplicableAccordingtotheregulationsofnewaccountingstandardsgoverningrevenue,theCompanydisclosedtheaccountingstatementsinlinewithnewaccountingstandardsgoverningrevenuefromthefirstquarterof2020anddidnotrestatecomparativedatain2019,whichdidn’tinfluencetherelevantfinancialindexin2019.TherewasnosignificantchangeintherevenuerecognitionmethodoftheCompanyresultedfromtheimplementationofnewstandardsgoverningrevenue,aswellasthenetprofit,totalassetsandnetassetsinthepriorandcurrentperiod.
IIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.