WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
THE THIRD QUARTERLY REPORT 2020
October 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 hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report,and shall take all responsibilities, individual and/or joint, for the reality,accuracy and completion of the whole contents.All directors of the Company are attended the Meeting for quarterly reportdeliberation.Wang Xiaodong, Principal of the Company; Ou Jianbin, Person in Charge ofAccounting Work; Ou Jianbin, Person in Charge of Accounting Organization(Accounting Officer) hereby confirm that the Financial Report of the ThirdQuarterly Report is authentic, accurate and complete.
Section II. Basic information of Company
I. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period-end | Period-end of last year | Increase/decrease | ||||
| Total assets (RMB) | 26,235,510,447.48 | 23,958,348,185.78 | 9.50% | |||
| Net assets attributable to shareholders of listed company (RMB) | 17,726,594,288.68 | 16,990,405,136.62 | 4.33% | |||
| Current period | Increase/decrease in comparison with same period of last year | Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 3,324,132,346.07 | 73.49% | 9,918,535,970.63 | 56.95% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 903,901,365.25 | 92.28% | 2,230,245,790.23 | 29.16% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 572,795,992.17 | 34.39% | 1,748,370,721.03 | 13.51% | ||
| Net cash flow arising from operating activities (RMB) | 624,717,046.92 | 13.87% | 1,062,374,119.33 | -14.25% | ||
| Basic earnings per share (RMB/Share) | 0.92 | 100.00% | 2.24 | 30.99% | ||
| Diluted earnings per share (RMB/Share) | 0.92 | 100.00% | 2.24 | 30.99% | ||
| Weighted average ROE | 5.03% | 2.10% | 12.83% | 2.30% | ||
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
| Item | Amount from year-begin to end of the Period | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -646,326.49 | |
| 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) | 59,370,136.69 | |
| Gains/losses from entrusted investment or assets management | 189,562,603.87 | |
| Held transaction financial asset, gains/losses of changes of fair values from | 324,036,490.90 |
| transaction financial liabilities, and investment gains from disposal of transaction financial asset, transaction financial liabilities and financial asset available for sales, exclude the effective hedging business relevant with normal operations of the Company | ||
| Other non-operating income and expenditure except for the aforementioned items | -3,016,138.64 | |
| Less: impact on income tax | 85,087,982.39 | |
| Impact on minority shareholders’ equity (post-tax) | 2,343,714.74 | |
| Total | 481,875,069.20 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss.II. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
| Total common shareholders at the end of report period | 48,956 | Total preferred stockholders with voting rights recover at the end of report period (if applicable) | 0 | ||||
| Top ten shareholders | |||||||
| Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | ||
| State of share | Amount | ||||||
| WUXI INDUSTRY DEVELOPMENT GROUP CO., LTD. | State-owned corporate | 20.22% | 204,059,398 | ||||
| ROBERT BOSCH GMBH | Foreign corporate | 14.16% | 142,841,400 | ||||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | Foreign corporate | 7.34% | 74,075,139 | ||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 1.74% | 17,554,015 | ||||
| Central Huijin Investment Ltd. | State-owned corporate | 1.27% | 12,811,200 | ||||
| Monetary Authority of Macao - own | Foreign corporate | 1.08% | 10,930,351 | ||||
| fund | |||||||
| Basic Pension Insurance Fund- 1003 | Other | 1.03% | 10,366,495 | ||||
| Haitong Securities Co., Ltd. | State-owned corporate | 0.79% | 8,017,145 | ||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.77% | 7,725,486 | ||||
| NSSF - 413 | Other | 0.56% | 5,700,000 | ||||
| Particular about top ten shareholders with un-restrict shares held | |||||||
| Shareholders | Amount of un-restrict common shares held | Type of shares | |||||
| Type | Amount | ||||||
| WUXI INDUSTRY DEVELOPMENT GROUP CO., LTD. | 204,059,398 | RMB common shares | 204,059,398 | ||||
| ROBERT BOSCH GMBH | 142,841,400 | RMB common shares | 115,260,600 | ||||
| Domestically listed foreign shares | 27,580,800 | ||||||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | 74,075,139 | RMB common shares | 74,075,139 | ||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | 17,554,015 | Domestically listed foreign shares | 17,554,015 | ||||
| Central Huijin Investment Ltd. | 12,811,200 | RMB common shares | 12,811,200 | ||||
| Monetary Authority of Macao - own fund | 10,930,351 | RMB common shares | 10,930,351 | ||||
| Basic Pension Insurance Fund- 1003 | 10,366,495 | RMB common shares | 10,366,495 | ||||
| Haitong Securities Co., Ltd. | 8,017,145 | RMB common shares | 8,017,145 | ||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | 7,725,486 | Domestically listed foreign shares | 7,725,486 | ||||
| NSSF - 413 | 5,700,000 | RMB common shares | 5,700,000 | ||||
| Explanation on related relationship or concerted action among the above mentioned shareholders | Among the shareholders, there has no associated relationship between the first largest shareholder Wuxi Industry Development Group Co., Ltd. and other shareholder; and they do not belong to the consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company. | ||||||
| Explanation on top 10 shareholders involving margin business (if applicable) (see note 4) | Not applicable | ||||||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-backagreement dealing in reporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
(i) Changes of items of balance sheet and cause analysis:
1. At the end of the reporting period, bills receivable decreased by 475,250,300 yuan compared with the end of theprevious year, and accounts receivable financing increased by 932,376,200 yuan compared with the end of theprevious year, mainly due to the implementation of new financial instruments-related accounting standards thereclassification and the decrease in endorsement of bills receivable during the reporting period;
2. At the end of the reporting period, accounts receivable increased by 1,166,723,400 yuan compared with the endof the previous year, and other current liabilities increased by 204,488,400 yuan compared with the end of theprevious year, mainly due to the substantial increase in sales revenue and the implementation of newrevenue-related accounting standards reclassification during the reporting period;
3. At the end of the reporting period, advance payments increased by 49,742,800 yuan compared with the end ofthe previous year, with an increase of 35.72%, mainly due to the advance payments for materials during thereporting period;
4. Other current assets at the end of the reporting period increased by 687,308,300 yuan compared with the end ofthe previous year, with an increase of 67.91% , mainly due to the increase in structured deposits;5 Other non-current financial assets at the end of the reporting period increased by 485,753,300 yuan comparedwith the end of the previous year, with an increase of 46.55%, mainly due to the increase in the fair value of thecompany’s shares of Guolian Securities after being listed;
6. Long-term deferred expenses at the end of the reporting period increased by 5,634,100 yuan compared with theend of the previous year, with an increase of 30.40%, mainly due to the increase in deferred expenses;
7. Deferred income tax assets at the end of the reporting period increased by 189,727,200 yuan compared with theend of the previous year, with an increase of 89.29%, mainly due to the increase in the quarterly prepaid corporateincome tax;
8. At the end of the reporting period, advance accounts decreased by 113,854,600 yuan compared with the end ofthe previous year, and contract liabilities increased by 25,763,300 yuan compared with the end of the previousyear, mainly due to the implementation of the reclassification of new revenue-related accounting standards and theinvoicing and settlement of advances during the reporting period;
9. Taxes payable at the end of the reporting period increased by 162,118,300 yuan compared with the end of theprevious year, with an increase of 125.15%, mainly due to the increase in the quarterly prepaid corporate incometax;
(ii) Changes of items of income statement and cause analysis:
1. Operating income during the reporting period increased by 3,599,071,600 yuan over the same period of lastyear, with an increase of 56.95%, mainly due to the increase in sales of the post-processing sector;
2. Operating costs during the reporting period increased by 3,183,384,300 yuan over the same period of last year,with an increase of 64.27%, mainly due to the increase in sales of the post-processing sector;
3. Sales expenses during the reporting period increased by 73,334,700 yuan over the same period of the previousyear, with an increase of 44.01%, mainly due to the increase in sales volume;
4. Earnings from changes in fair value during the reporting period increased by 313,064,700 yuan over the sameperiod of the previous year, mainly due to the increase in the fair value of the company’s shares of GuolianSecurities after being listed;
5. Asset impairment losses during the reporting period increased by 115,342,400 yuan compared with the sameperiod of the previous year, mainly due to provision for inventory depreciation;
6. Non-operating expenditures during the reporting period increased by 3,550,100 yuan over the same period lastyear, mainly due to the company's donation of 3 million yuan to Wuxi Charity Federation for the prevention andcontrol of the COVID-19 outbreak
II. Progress of significant events, their influences, and analysis and explanation of theirsolutions
√ Applicable □Not applicable
Parts of the joint-stock enterprise’s equity held by the Company freeze
1. On 6 March 2017, the Company received litigation documents mailed by Shenzhen Intermediate People’s Courtof Guangdong Province (hereinafter referred to as Shenzhen Intermediate People’s Court). The documents wereconcerning about the dispute case that the plaintiff applicant China Cinda Asset Management Co., Ltd. ShenzhenBranch appealed the respondent Weifu High Technology and other seven respondents and the third partyShenzhen Hejun Venture Holding Co., Ltd. (hereinafter referred to as Hejun Company) damaged the interests ofcorporate creditors, two cases are included in total. After civil ruling as No.(2016)Y03MC2490 and No.(2016)Y03MC2492 from Shenzhen Intermediate People's Court, the assets under the name of above said eightdefendants 217 million Yuan in total are being seal up, seized or freeze. Ended as the reporting period, the 4.71million shares of Miracle Logistics and 11,739,102 shares of SDEC Stock held by the Company has been freeze.The first trial open dated 24 September 2017, and further courts will give until further notice.
2. The Company has applied to the Futian Court for compulsory liquidation of Hejun Company. Futian Court hasmade a civil ruling ((2017) Yue 0304 QS No. 5) which ruled to execute compulsory liquidation to Hejun Company.The Company will actively cooperate with the court to do the relevant liquidation work and safeguard thelegitimate rights and interests of the Company.
| Overview | Disclosure date | Query index for interim notice |
| Parts of the joint-stock enterprise’s equity held by the Company freeze | March 08, 2017 | (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn) |
| December 06, 2017 | (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn) |
Progress of shares buy-back
√ Applicable □ Not applicable
The company held the eleventh meeting of the ninth board of directors on February 13, 2020, which deliberatedand approved the "Proposal on Repurchasing Part of the Company's A Shares by Centralized Bidding". OnFebruary 21, 2020, it disclosed the "Repurchase Report on Repurchasing Part of the Company's A Shares byCentralized Bidding Transactions" (Announcement No.: 2020-005) on China Securities Journal, Securities Times,Hong Kong Commercial Daily and www.cninfo.com.cn. On February 28, 2020, the company disclosed the"Announcement on the Initial Repurchase of the Company Shares" (Announcement No.: 2020-006), and itdisclosed the “Announcement on the Progress of Repurchasing Part of A Shares” (Announcement Nos.: 2020-007,2020-008, 2020-009, 2020-022, 2020-033, 2020-039, 2020-040, 2020-042 and 2020-043) on March 3, March 16,April 1, May 7, June 2, July 1, August 3, September 1 and October 12, 2020.The 17
thmeeting of the ninth board of directors of the company held on October 12, 2020 deliberated andapproved the "Proposal on Completing the Implementation of the Plan to Repurchase Part of the Company’s AShares by Centralized Bidding". As of the convening day of the 17
thmeeting of the ninth board of directors, thecompany repurchased 19,596,277 shares (A shares) by centralized bidding transactions through a specialsecurities account for repurchase, accounting for 1.9422% of the company’s total share capital, of which thehighest transaction price was 22.89 yuan per share and the lowest transaction price was 17.95 yuan per share, andthe total amount paid was 400,017,180.33 yuan (including transaction costs). The repurchase complies with therequirements of relevant laws and regulations and complies with the established repurchase plan. The companyhas completed the implementation of the share repurchase. There is no difference between the implementation ofthe company's share repurchase and the share repurchase plan approved by the board of directors. The company'sshare repurchase will not have a significant impact on the company's operations, financial status, debtperformance capabilities and future development, will not lead to changes in the company's control rights, andwill not affect the company's listing status. Some of the A shares that the company has repurchased are depositedin the company's special securities account for the repurchase of shares, and the shares do not have the votingright at the general meeting of shareholders, nor have profit distribution, reserved funds into equity, allotment,or pledge rights, etc. In future, the company will use to implement equity incentives. The company will performits information disclosure obligations in a timely manner based on the subsequent progress, and investors areadvised to pay attention to investment risks.Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments that the company, shareholders, actual controller, offeror, directors,supervisors, senior management or other related parties have fulfilled during the reportingperiod and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management orother related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Financial asset investment
1. Particular about security investment
√ Applicable □Not applicable
In RMB
| Variety of securities | Code of securities | Short form of securities | Initial investment cost | Accounting measurement model | Book value at the beginning of the period | Changes in fair value of the current profit and loss | Cumulative fair value changes in equity | Current purchase amount | Current sales amount | Profit and loss in the Reporting Period | Book value at the end of the period | Accounting subject | Source of stock |
| Domestic and foreign stocks | 600 841 | SDEC | 199,208,000.00 | Measured by fair value | 91,822,332.00 | 27,663,588.00 | 27,663,588.00 | 119,485,920.00 | Tradable financial assets | Own funds | |||
| Domestic and foreign stocks | 002 009 | Miracle Logistics | 69,331,500.00 | 36,031,500.00 | 4,945,500.00 | 4,945,500.00 | 40,977,000.00 | ||||||
| Domestic and foreign stocks | 601 456 | Guolian Securities | 12,000,000.00 | 12,000,000.00 | 295,060,232.14 | 295,060,232.14 | 307,060,232.14 | ||||||
| Total | 280,539,500.00 | -- | 139,853,832.00 | 327,669,320.14 | 0.00 | 0.00 | 0.00 | 327,669,320.14 | 467,523,152.14 | -- | -- | ||
| Disclosure date of securities investment approval from the Board | March 24, 2012 | ||||||||||||
| June 04, 2013 | |||||||||||||
2. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of 2020 business performance
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
| Type | Capital resources | Amount for entrust | Balance un-expired | Overdue amount |
| Bank financing product | Own funds | 229,483 | 90,610 | 0 |
| Brokerage financing products | Own funds | 66,000 | 66,000 | 0 |
| Trust financing products | Own funds | 281,280 | 281,280 | 0 |
| Other | Own funds | 62,100 | 62,100 | 0 |
| Total | 638,863 | 499,990 | 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 purp | Criteria for fixing rewa | Reference annual rate of return | Anticipated income (if applicable) | Actual gains/losses in period | Actual collected gains/losses in | Amount of reserve for devaluation | Whether approved | Whether has entrust finan | Summary of the items and relate |
| ose | rd | period | of withdrawing (if applicable) | by legal procedure (Y/N) | ce plan in the future | d query index (if applicable) | ||||||||||
| Bank | Bank | Non-guaranteed floating income | 132,083 | Own funds | January 9, 2020 | August 20, 2021 | Bank financial products | Reference annualized yield by agreement | 3.6%-4.25% | 3,217.87 | 5,225.99 | Collected by agreement | 0 | Y | Y | Notice No.: 2020-015 |
| Brokerage | Brokerage | Non-guaranteed floating income | 73,000 | Own funds | February 18, 2020 | September 17, 2021 | Collective assets management plan | 4.2%-6% | 2,650.20 | 1,262.37 | Collected by agreement | 0 | Y | Y | ||
| Trust | Trust | Non-guaranteed floating income | 164,400 | Own funds | February 14, 2020 | September 18, 2021 | Collective trust scheme | 4.7%-8.4% | 19,119.25 | 9,369.14 | Collected by agreement | 0 | Y | Y | ||
| Others (funds, etc.) | Others (funds, etc.) | Non-guaranteed floating income | 52,100 | Own funds | January 10, 2020 | April 18, 2020 | Private equity products | 6%- 8.7% | 4,782.75 | 3,098.76 | Collected by agreement | 0 | Y | Y | ||
| Total | 421,583 | -- | -- | -- | -- | -- | -- | 29,770.07 | 18,956.26 | -- | 0 | -- | -- | -- | ||
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.XI. Registration form of receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Reception time | Reception location | Reception way | Reception object type | Reception object | The main content of the discussion and the information provided | Index of the basic situation of the survey |
| July 1, 2020-September 30, 2020 | investor relations interactive platform（http://irm.p5w.net/dqhd/sichuan/） | Written inquiry | Other | Other | Basic information of the company and the views on the market | The Company answered 35 questions for investors online through the investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/) |
| July 1, 2020-September 30, 2020 | Telephone communication | Telephone communication | Other | Other | Basic information of the company and the views on the market | More than 50 calls to communicate with investors |
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Weifu High-Technology Group Co., Ltd.
September 30, 2020
In RMB
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 2,387,678,807.14 | 1,596,893,711.87 |
| Settlement provisions | ||
| Capital lent | ||
| Tradable financial assets | 3,984,020,516.38 | 3,940,885,674.32 |
| Derivative financial assets | ||
| Note receivable | 1,336,891,091.92 | 1,812,141,371.94 |
| Account receivable | 3,477,389,851.47 | 2,310,666,475.89 |
| Receivable financing | 956,249,532.27 | 23,873,317.86 |
| Accounts paid in advance | 188,984,709.76 | 139,241,917.78 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 20,766,615.48 | 43,730,023.31 |
| Including: Interest receivable | 655,052.98 | |
| Dividend receivable | 1,070,000.00 | |
| Buying back the sale of financial assets | ||
| Inventories | 1,736,091,204.02 | 2,418,744,835.82 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 1,699,363,877.81 | 1,012,055,605.74 |
| Total current assets | 15,787,436,206.25 | 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 | 4,410,676,322.78 | 5,322,405,953.35 |
| Investment in other equity instrument | 285,048,000.00 | 285,048,000.00 |
| Other non-current financial assets | 1,529,343,284.00 | 1,043,589,987.43 |
| Investment real estate | 21,267,639.17 | 22,410,511.87 |
| Fixed assets | 2,881,744,630.72 | 2,845,176,078.20 |
| Construction in progress | 242,172,023.60 | 247,857,777.25 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 414,097,727.73 | 430,594,372.12 |
| Expense on Research and Development | ||
| Goodwill | 1,784,086.79 | 1,784,086.79 |
| Long-term expenses to be apportioned | 24,170,144.06 | 18,536,000.25 |
| Deferred income tax asset | 402,203,729.23 | 212,476,501.54 |
| Other non-current asset | 235,566,653.15 | 230,235,982.45 |
| Total non-current asset | 10,448,074,241.23 | 10,660,115,251.25 |
| Total assets | 26,235,510,447.48 | 23,958,348,185.78 |
| Current liabilities: | ||
| Short-term loans | 320,632,535.00 | 312,153,969.81 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 2,017,584,230.16 | 1,745,218,439.52 |
| Account payable | 4,253,708,528.81 | 3,312,254,229.84 |
| Accounts received in advance | 152,830.79 | 113,737,432.61 |
| Contractual liability | 25,763,321.51 | |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency |
| Security sales of agency | ||
| Wage payable | 313,630,880.84 | 314,343,737.66 |
| Taxes payable | 291,656,737.18 | 129,538,411.86 |
| Other account payable | 57,409,812.46 | 65,266,262.39 |
| Including: Interest payable | 5,348.44 | |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 30,091,151.70 | |
| Other current liabilities | 204,488,368.98 | |
| Total current liabilities | 7,515,118,397.43 | 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 | 342,203,112.14 | 365,116,022.98 |
| Deferred income tax liabilities | 20,814,213.98 | 22,566,051.72 |
| Other non-current liabilities | ||
| Total non-current liabilities | 456,517,642.84 | 481,182,391.42 |
| Total liabilities | 7,971,636,040.27 | 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 | 400,017,180.33 |
| Other comprehensive income | 137,064.76 | 134,871.67 |
| Reasonable reserve | 2,447,376.13 | 3,247,757.06 |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 |
| Provision of general risk | ||
| Retained profit | 13,213,448,155.79 | 12,076,443,635.56 |
| Total owner’ s equity attributable to parent company | 17,726,594,288.68 | 16,990,405,136.62 |
| Minority interests | 537,280,118.53 | 494,248,174.05 |
| Total owner’ s equity | 18,263,874,407.21 | 17,484,653,310.67 |
| Total liabilities and owner’ s equity | 26,235,510,447.48 | 23,958,348,185.78 |
Legal Representative: Wang XiaodongPerson in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 1,322,601,184.42 | 965,770,877.82 |
| Trading financial assets | 3,858,862,381.84 | 3,758,789,072.68 |
| Derivative financial assets | ||
| Note receivable | 393,016,008.36 | 202,403,993.13 |
| Account receivable | 1,101,883,289.69 | 768,500,929.93 |
| Receivable financing | ||
| Accounts paid in advance | 118,293,491.86 | 89,116,730.45 |
| Other account receivable | 206,124,108.44 | 250,014,956.74 |
| Including: Interest receivable | 97,777.78 | 804,929.68 |
| Dividend receivable | 1,070,000.00 | |
| Inventories | 538,729,377.53 | 565,144,234.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 1,550,968,086.47 | 938,616,881.51 |
| Total current assets | 9,090,477,928.61 | 7,538,357,676.75 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investments | 5,221,175,644.05 | 6,331,363,630.04 |
| Investment in other equity instrument | 209,108,000.00 | 209,108,000.00 |
| Other non-current financial assets | 1,529,343,284.00 | 1,043,589,987.43 |
| Investment real estate | ||
| Fixed assets | 1,811,040,762.81 | 1,646,333,216.50 |
| Construction in progress | 132,013,164.46 | 136,573,912.28 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 210,070,452.44 | 203,663,423.60 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | 3,049,608.25 | |
| Deferred income tax assets | 303,488,018.15 | 105,137,877.84 |
| Other non-current assets | 150,249,973.76 | 172,646,721.05 |
| Total non-current assets | 9,569,538,907.92 | 9,848,416,768.74 |
| Total assets | 18,660,016,836.53 | 17,386,774,445.49 |
| Current liabilities | ||
| Short-term borrowings | 100,224,237.11 | 116,126,459.33 |
| Trading financial liability | ||
| Derivative financial liability | ||
| Notes payable | 397,139,525.85 | 284,054,137.00 |
| Account payable | 1,323,615,388.12 | 930,273,146.35 |
| Accounts received in advance | 12,010,730.30 | |
| Contractual liability | 4,921,046.82 | |
| Wage payable | 226,628,992.53 | 213,626,754.45 |
| Taxes payable | 257,392,590.67 | 56,540,307.59 |
| Other accounts payable | 27,439,781.47 | 11,976,576.21 |
| Including: Interest payable |
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | 123,718,682.66 | |
| Total current liabilities | 2,461,080,245.23 | 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 | 290,923,144.14 | 322,971,778.82 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 340,981,530.90 | 373,030,165.58 |
| Total liabilities | 2,802,061,776.13 | 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 | 400,017,180.33 | |
| Other comprehensive income | ||
| Special reserve | ||
| Surplus reserve | 510,100,496.00 | 510,100,496.00 |
| Retained profit | 11,257,699,888.34 | 10,381,863,816.29 |
| Total owner’s equity | 15,857,955,060.40 | 15,389,136,168.68 |
| Total liabilities and owner’s equity | 18,660,016,836.53 | 17,386,774,445.49 |
3. Consolidated Profit Statement (the period)
In RMB
| Item | Current period | Last period |
| I. Total operating income | 3,324,132,346.07 | 1,916,020,020.78 |
| Including: Operating income | 3,324,132,346.07 | 1,916,020,020.78 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 3,097,202,257.01 | 1,798,254,914.36 |
| Including: Operating cost | 2,722,334,954.01 | 1,547,533,563.20 |
| 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 | 16,633,171.16 | 10,679,124.43 |
| Sales expense | 101,586,783.14 | 62,375,586.60 |
| Administrative expense | 157,415,204.18 | 106,951,424.44 |
| R&D expense | 116,022,984.77 | 88,447,560.87 |
| Financial expense | -16,790,840.25 | -17,732,345.18 |
| Including: Interest expenses | 2,306,074.68 | 4,119,051.19 |
| Interest income | 24,072,101.91 | 16,205,153.85 |
| Add: other income | 15,437,719.01 | 8,299,567.47 |
| Investment income (Loss is listed with “-”) | 484,475,350.95 | 400,210,218.92 |
| Including: Investment income on affiliated company and joint venture | 432,986,186.29 | 330,720,999.96 |
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | -193,157.27 | |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | 323,778,333.25 | -19,714,476.00 |
| Loss of credit impairment (Loss is listed with “-”) | 2,865,434.07 | -6,818,584.59 |
| Losses of devaluation of asset (Loss is listed with “-”) | -64,035,393.56 | |
| Income from assets disposal (Loss is listed with “-”) | 144,575.08 | 68,162.17 |
| III. Operating profit (Loss is listed with “-”) | 989,596,107.86 | 499,809,994.39 |
| Add: Non-operating income | 79,734.35 | 658,015.10 |
| Less: Non-operating expense | 2,732,500.22 | 675,444.41 |
| IV. Total profit (Loss is listed with “-”) | 986,943,341.99 | 499,792,565.08 |
| Less: Income tax expense | 65,858,339.82 | 23,979,285.80 |
| V. Net profit (Net loss is listed with “-”) | 921,085,002.17 | 475,813,279.28 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 921,085,002.17 | 475,813,279.28 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 903,901,365.25 | 470,100,118.65 |
| 2.Minority shareholders’ gains and losses | 17,183,636.92 | 5,713,160.63 |
| VI. Net after-tax of other comprehensive income | -1,295.47 | 4,106,858.43 |
| Net after-tax of other comprehensive income attributable to owners of parent company | -855.01 | 2,855,086.59 |
| (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 | -855.01 | 2,855,086.59 |
| 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 | -855.01 | 2,855,086.59 |
| currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | -440.46 | 1,251,771.84 |
| VII. Total comprehensive income | 921,083,706.70 | 479,920,137.71 |
| Total comprehensive income attributable to owners of parent Company | 903,900,510.24 | 472,955,205.24 |
| Total comprehensive income attributable to minority shareholders | 17,183,196.46 | 6,964,932.47 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.92 | 0.46 |
| (ii) Diluted earnings per share | 0.92 | 0.46 |
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: Wang XiaodongPerson in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
4. Profit Statement of Parent Company (the period)
In RMB
| Item | Current period | Last period |
| I. Operating income | 1,108,750,885.34 | 828,982,172.49 |
| Less: Operating cost | 864,836,350.25 | 653,400,959.95 |
| Taxes and surcharge | 9,255,482.29 | 6,802,609.00 |
| Sales expenses | 33,179,998.90 | 8,778,996.50 |
| Administration expenses | 91,225,495.72 | 46,561,420.48 |
| R&D expenses | 48,955,633.76 | 38,285,533.62 |
| Financial expenses | -19,072,400.21 | -23,174,856.95 |
| Including: interest expenses | 989,183.78 | 1,360,727.13 |
| Interest income | 22,076,662.10 | 18,048,180.81 |
| Add: other income | 11,864,056.19 | 5,957,952.88 |
| Investment income (Loss is listed with “-”) | 422,947,607.42 | 484,352,775.90 |
| Including: Investment income on affiliated Company and joint venture | 371,249,290.54 | 316,194,045.81 |
| 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 “-”) | 322,646,790.66 | -19,714,476.00 |
| Loss of credit impairment (Loss is listed with “-”) | 2,729,890.34 | -240,584.40 |
| Losses of devaluation of asset (Loss is listed with “-”) | -936,963.24 | |
| Income on disposal of assets (Loss is listed with “-”) | -71,636.74 | 49,380.96 |
| II. Operating profit (Loss is listed with “-”) | 839,550,069.26 | 568,732,559.23 |
| Add: Non-operating income | 9,726.88 | 11,730.00 |
| Less: Non-operating expense | 1,291,508.19 | 250,034.98 |
| III. Total Profit (Loss is listed with “-”) | 838,268,287.95 | 568,494,254.25 |
| Less: Income tax | 37,892,813.96 | 20,714,710.20 |
| IV. Net profit (Net loss is listed with “-”) | 800,375,473.99 | 547,779,544.05 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 800,375,473.99 | 547,779,544.05 |
| (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 | 800,375,473.99 | 547,779,544.05 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 9,918,535,970.63 | 6,319,464,366.83 |
| Including: Operating income | 9,918,535,970.63 | 6,319,464,366.83 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 9,195,437,007.75 | 5,804,031,464.87 |
| Including: Operating cost | 8,136,304,328.54 | 4,952,920,067.64 |
| 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 | 48,594,720.31 | 45,213,696.09 |
| Sales expense | 239,980,954.45 | 166,646,234.00 |
| Administrative expense | 494,399,865.46 | 417,861,404.87 |
| R&D expense | 327,554,938.49 | 268,615,203.03 |
| Financial expense | -51,397,799.50 | -47,225,140.76 |
| Including: Interest expenses | 8,106,627.77 | 13,383,699.61 |
| Interest income | 67,125,312.70 | 64,622,073.68 |
| Add: other income | 59,370,136.69 | 25,931,685.42 |
| Investment income (Loss is listed with “-”) | 1,408,049,877.56 | 1,288,426,899.40 |
| Including: Investment income on affiliated company and joint venture | 1,218,519,897.01 | 1,121,186,131.01 |
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | -601,249.63 | |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | 324,036,490.90 | 10,971,801.13 |
| Loss of credit impairment (Loss is listed with “-”) | -757,115.24 | -13,056,375.34 |
| Losses of devaluation of asset (Loss is listed with “-”) | -116,843,303.03 | -1,500,885.27 |
| Income from assets disposal (Loss is listed with “-”) | 377,074.63 | 5,176,010.62 |
| III. Operating profit (Loss is listed with “-”) | 2,397,332,124.39 | 1,831,382,037.92 |
| Add: Non-operating income | 243,885.29 | 28,202,772.36 |
| Less: Non-operating expense | 6,856,951.90 | 3,306,897.43 |
| IV. Total profit (Loss is listed with “-”) | 2,390,719,057.78 | 1,856,277,912.85 |
| Less: Income tax expense | 123,363,791.94 | 105,361,940.34 |
| V. Net profit (Net loss is listed with “-”) | 2,267,355,265.84 | 1,750,915,972.51 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 2,267,355,265.84 | 1,750,915,972.51 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 2,230,245,790.23 | 1,726,761,695.74 |
| 2.Minority shareholders’ gains and losses | 37,109,475.61 | 24,154,276.77 |
| VI. Net after-tax of other comprehensive income | 3,322.86 | 4,378,395.63 |
| Net after-tax of other comprehensive income attributable to owners of parent company | 2,193.09 | 3,116,678.13 |
| (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 | 2,193.09 | 3,116,678.13 |
| 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 | 2,193.09 | 3,116,678.13 |
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 1,129.77 | 1,261,717.50 |
| VII. Total comprehensive income | 2,267,358,588.70 | 1,755,294,368.14 |
| Total comprehensive income attributable to owners of parent Company | 2,230,247,983.32 | 1,729,878,373.87 |
| Total comprehensive income attributable to minority shareholders | 37,110,605.38 | 25,415,994.27 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 2.24 | 1.71 |
| (ii) Diluted earnings per share | 2.24 | 1.71 |
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: Wang XiaodongPerson in charge of accounting works: Ou JianbinPerson in charge of accounting institute: Ou Jianbin
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 3,445,013,258.42 | 2,921,456,632.73 |
| Less: Operating cost | 2,551,325,029.83 | 2,125,372,474.65 |
| Taxes and surcharge | 27,996,013.30 | 24,313,512.97 |
| Sales expenses | 46,233,689.02 | 24,099,338.93 |
| Administration expenses | 318,549,513.78 | 257,561,447.82 |
| R&D expenses | 139,365,678.47 | 114,159,344.52 |
| Financial expenses | -59,880,906.70 | -64,267,045.54 |
| Including: interest expenses | 3,490,382.33 | 4,958,091.05 |
| Interest income | 61,832,810.20 | 62,790,598.05 |
| Add: other income | 47,103,481.69 | 17,641,177.18 |
| Investment income (Loss is listed with “-”) | 1,330,854,865.92 | 1,324,568,137.56 |
| Including: Investment income on affiliated Company and joint venture | 1,079,959,081.71 | 1,058,657,858.04 |
| 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 “-”) | 322,243,309.16 | 10,481,472.00 |
| Loss of credit impairment (Loss is listed with “-”) | 1,695,910.06 | -2,141,962.10 |
| Losses of devaluation of asset (Loss is listed with “-”) | -4,307,747.34 | -24,294.39 |
| Income on disposal of assets (Loss is listed with “-”) | -245,930.72 | 1,893,432.44 |
| II. Operating profit (Loss is listed with “-”) | 2,118,768,129.49 | 1,792,635,522.07 |
| Add: Non-operating income | 32,674.63 | 26,764.36 |
| Less: Non-operating expense | 4,735,181.20 | 1,446,287.89 |
| III. Total Profit (Loss is listed with “-”) | 2,114,065,622.92 | 1,791,215,998.54 |
| Less: Income tax | 95,067,760.91 | 94,652,187.48 |
| IV. Net profit (Net loss is listed with “-”) | 2,018,997,862.01 | 1,696,563,811.06 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 2,018,997,862.01 | 1,696,563,811.06 |
| (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 | 2,018,997,862.01 | 1,696,563,811.06 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 8,341,439,779.47 | 6,469,994,384.05 |
| 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 | 20,512,063.66 | 41,580,951.27 |
| Other cash received concerning operating activities | 98,432,152.42 | 110,778,197.88 |
| Subtotal of cash inflow arising from operating activities | 8,460,383,995.55 | 6,622,353,533.20 |
| Cash paid for purchasing commodities and receiving labor service | 5,670,121,527.86 | 3,817,334,081.37 |
| 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 | 900,449,169.07 | 940,247,241.06 |
| Taxes paid | 477,286,860.47 | 390,676,910.12 |
| Other cash paid concerning operating activities | 350,152,318.82 | 235,125,219.41 |
| Subtotal of cash outflow arising from operating activities | 7,398,009,876.22 | 5,383,383,451.96 |
| Net cash flows arising from operating activities | 1,062,374,119.33 | 1,238,970,081.24 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 5,660,978,352.27 | 5,894,803,412.42 |
| Cash received from investment income | 2,326,926,974.47 | 1,131,495,657.28 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 58,589,223.73 | 72,646,662.26 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 24,000,000.00 | |
| Subtotal of cash inflow from investing activities | 8,070,494,550.47 | 7,098,945,731.96 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 387,020,358.51 | 358,576,210.84 |
| Cash paid for investment | 6,645,830,000.00 | 6,387,322,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | 49,930,736.62 | |
| Other cash paid concerning investing activities | 24,000,000.00 | |
| Subtotal of cash outflow from investing activities | 7,032,850,358.51 | 6,819,828,947.46 |
| Net cash flows arising from investing activities | 1,037,644,191.96 | 279,116,784.50 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | 6,000,000.00 | 13,880,037.60 |
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | 6,000,000.00 | 13,880,037.60 |
| Cash received from loans | 372,968,594.76 | 476,760,078.03 |
| Other cash received concerning financing activities | 5,470,000.00 | |
| Subtotal of cash inflow from financing activities | 384,438,594.76 | 490,640,115.63 |
| Cash paid for settling debts | 328,582,300.90 | 485,510,201.30 |
| Cash paid for dividend and profit distributing or interest | 1,116,483,422.94 | 1,249,718,662.01 |
| paying | ||
| Including: Dividend and profit of minority shareholder paid by subsidiaries | 15,748,768.80 | 26,271,705.11 |
| Other cash paid concerning financing activities | 400,017,180.33 | 5,809,091.00 |
| Subtotal of cash outflow from financing activities | 1,845,082,904.17 | 1,741,037,954.31 |
| Net cash flows arising from financing activities | -1,460,644,309.41 | -1,250,397,838.68 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 65,694.10 | -6,845,918.83 |
| V. Net increase of cash and cash equivalents | 639,439,695.98 | 260,843,108.23 |
| 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 | 1,459,938,349.83 | 2,665,517,247.72 |
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 3,359,235,503.42 | 3,287,576,153.27 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 76,924,179.94 | 67,213,435.93 |
| Subtotal of cash inflow arising from operating activities | 3,436,159,683.36 | 3,354,789,589.20 |
| Cash paid for purchasing commodities and receiving labor service | 1,947,614,766.53 | 1,847,985,017.74 |
| Cash paid to/for staff and workers | 505,965,578.10 | 502,010,559.74 |
| Taxes paid | 302,512,180.78 | 245,672,049.82 |
| Other cash paid concerning operating activities | 145,248,922.80 | 116,624,299.79 |
| Subtotal of cash outflow arising from operating activities | 2,901,341,448.21 | 2,712,291,927.09 |
| Net cash flows arising from operating activities | 534,818,235.15 | 642,497,662.11 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 5,059,246,703.43 | 5,389,803,412.42 |
| Cash received from investment income | 2,308,091,009.72 | 1,192,272,663.55 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 14,966,071.10 | 4,206,404.75 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 224,937,499.49 | 226,818,698.47 |
| Subtotal of cash inflow from investing activities | 7,607,241,283.74 | 6,813,101,179.19 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 240,906,025.04 | 227,211,753.37 |
| Cash paid for investment | 5,963,278,157.81 | 5,753,942,000.00 |
| Net cash received from subsidiaries and other units obtained | 82,156,428.71 | |
| Other cash paid concerning investing activities | 150,000,000.00 | 259,380,372.33 |
| Subtotal of cash outflow from investing activities | 6,354,184,182.85 | 6,322,690,554.41 |
| Net cash flows arising from investing activities | 1,253,057,100.89 | 490,410,624.78 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 100,000,000.00 | 231,500,000.00 |
| Other cash received concerning financing activities | 27,620,000.00 | |
| Subtotal of cash inflow from financing activities | 127,620,000.00 | 231,500,000.00 |
| Cash paid for settling debts | 116,000,000.00 | 208,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 1,096,633,874.55 | 1,215,565,613.93 |
| Other cash paid concerning financing activities | 416,637,180.33 | |
| Subtotal of cash outflow from financing activities | 1,629,271,054.88 | 1,423,565,613.93 |
| Net cash flows arising from financing activities | -1,501,651,054.88 | -1,192,065,613.93 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 245,195.85 | -6,064,069.05 |
| V. Net increase of cash and cash equivalents | 286,469,477.01 | -65,221,396.09 |
| 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 | 818,585,339.27 | 1,854,854,962.34 |
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
Whether to adjust the balance sheet account at the beginning of the year
√ Yes □No
Consolidate balance sheet
In RMB
| Item | December 31, 2019 | January 1, 2020 | Adjustment amount |
| Current assets: | |||
| Monetary fund | 1,596,893,711.87 | 1,596,893,711.87 | |
| Settlement provisions | |||
| Capital lent | |||
| Trading financial assets | 3,940,885,674.32 | 3,940,885,674.32 | |
| Derivative financial assets | |||
| 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 | |
| Accounts paid in advance | 139,241,917.78 | 139,241,917.78 | |
| Insurance receivable | |||
| Reinsurance receivables | |||
| Contract reserve of reinsurance receivable | |||
| 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 | |
| Buying back the sale of financial assets | |||
| Inventories | 2,418,744,835.82 | 2,418,744,835.82 | |
| Contractual assets | |||
| Assets held for sale | |||
| Non-current asset due within one year | |||
| 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: | |||
| Loans and payments on behalf |
| Debt investment | |||
| Other debt investment | |||
| Long-term account receivable | |||
| Long-term equity investment | 5,322,405,953.35 | 5,322,405,953.35 | |
| Investment in other equity instrument | 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 | |
| Productive biological asset | |||
| Oil and gas asset | |||
| Right-of-use assets | |||
| Intangible assets | 430,594,372.12 | 430,594,372.12 | |
| Expense on Research and Development | |||
| Goodwill | 1,784,086.79 | 1,784,086.79 | |
| Long-term expenses to be apportioned | 18,536,000.25 | 18,536,000.25 | |
| Deferred income tax asset | 212,476,501.54 | 212,476,501.54 | |
| Other non-current asset | 230,235,982.45 | 230,235,982.45 | |
| Total non-current asset | 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 loans | 312,153,969.81 | 312,153,969.81 | |
| Loan from central bank | |||
| Capital borrowed | |||
| Trading financial liability | |||
| Derivative financial liability | |||
| Note 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 |
| Contractual liability | 112,243,830.61 | 112,243,830.61 | |
| Selling financial asset of repurchase | |||
| Absorbing deposit and interbank deposit | |||
| Security trading of agency | |||
| Security sales of agency |
| Wage payable | 314,343,737.66 | 314,343,737.66 | |
| Taxes payable | 129,538,411.86 | 129,538,411.86 | |
| Other account payable | 65,266,262.39 | 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 | 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: | |||
| 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 | 365,116,022.98 | 365,116,022.98 | |
| Deferred income tax liabilities | 22,566,051.72 | 22,566,051.72 | |
| Other non-current liabilities | |||
| 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 |
| 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 | |||
| Other comprehensive income | 134,871.67 | 134,871.67 |
| Reasonable reserve | 3,247,757.06 | 3,247,757.06 | |
| Surplus public reserve | 510,100,496.00 | 510,100,496.00 | |
| Provision of general risk | |||
| 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 |
Statement of adjustmentBalance Sheet of Parent Company
In RMB
| Item | December 31, 2019 | January 1, 2020 | Adjustment amount |
| Current assets: | |||
| Monetary funds | 965,770,877.82 | 965,770,877.82 | |
| Trading financial assets | 3,758,789,072.68 | 3,758,789,072.68 | |
| Derivative financial assets | |||
| Note receivable | 202,403,993.13 | 202,403,993.13 | |
| Account receivable | 768,500,929.93 | 836,014,968.93 | 67,514,039.00 |
| Receivable financing | |||
| Accounts 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 | |
| Contractual assets | |||
| Assets held for sale | |||
| Non-current assets maturing within one year | |||
| 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: | |||
| Debt investment | |||
| Other debt investment | |||
| Long-term receivables | |||
| Long-term equity investments | 6,331,363,630.04 | 6,331,363,630.04 |
| Investment in other equity instrument | 209,108,000.00 | 209,108,000.00 | |
| Other non-current financial assets | 1,043,589,987.43 | 1,043,589,987.43 | |
| Investment real estate | |||
| Fixed assets | 1,646,333,216.50 | 1,646,333,216.50 | |
| Construction in progress | 136,573,912.28 | 136,573,912.28 | |
| Productive biological assets | |||
| Oil and natural gas assets | |||
| Right-of-use assets | |||
| Intangible assets | 203,663,423.60 | 203,663,423.60 | |
| Research and development costs | |||
| Goodwill | |||
| Long-term deferred expenses | |||
| 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 | |
| Trading financial liability | |||
| Derivative financial liability | |||
| 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 | |
| Contractual liability | 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 | |
| Including: Interest payable | |||
| Dividend payable | |||
| Liability held for sale | |||
| Non-current liabilities due within one year | |||
| 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 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 | 322,971,778.82 | 322,971,778.82 | |
| Deferred income tax liabilities | |||
| Other non-current liabilities | |||
| 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 | |
| Other equity instrument | |||
| Including: preferred stock | |||
| Perpetual capital securities | |||
| Capital public reserve | 3,488,221,286.39 | 3,488,221,286.39 | |
| Less: Inventory shares | |||
| Other comprehensive income | |||
| Special reserve | |||
| Surplus 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 |
Statement of adjustment
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 3
rdquarterly report has been audited or not
□Yes √ No
The 3rdquarterly report of the Company has not been audited.
Board of Directors ofWeifu High-Technology Group Co., Ltd.
Chairman:
Wang Xiaodong26 October 2020