Shenzhen Nanshan Power Co., Ltd.The First Quarterly Report 2021
2021-031
April 2021
Section I. Important NotesBoard of Directors and the Supervisory Committee of Shenzhen Nanshan PowerCo., Ltd. (hereinafter referred to as the Company) and its directors, supervisorsand senior executives should guarantee the reality, accuracy and completion ofthe quarterly report, there are no any fictitious statements, misleadingstatements or important omissions carried in this report, and shall take legalresponsibilities, individual and/or joint.President Li Xinwei, person in charge of the Company, Director GM ChenYuhui, person in charge of accounting works as well as manager Shang Ying(acting in charge of the financial management department), person in charge ofaccounting organ(accounting supervisor) hereby confirm that the FinancialReport of this Quarterly Report is authentic, accurate and complete.All Directors are attended the Board Meeting for Quarterly Report deliberation.Concerning the forward-looking statements with future planning involved in theSemi-Report, they do not constitute a substantial commitment for investors.Investors are advised to exercise caution of investment risks.The report has been prepared in both Chinese and English, for anydiscrepancies, the Chinese version shall prevail. Please read the full reportseriously.
Section II. Basic Information of the CompanyI. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √No
| Current Period | Same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 86,380,557.37 | 228,717,033.81 | -62.23% |
| Net profit attributable to shareholders of the listed company (RMB) | -13,078,849.22 | -14,023,020.62 | -6.73% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | -15,774,423.49 | -19,987,886.90 | -21.08% |
| Net cash flow arising from operating activities (RMB) | -38,883,595.50 | 22,023,624.41 | -276.55% |
| Basic earnings per share (RMB/Share) | -0.0217 | -0.0233 | -6.73% |
| Diluted earnings per share (RMB/Share) | -0.0217 | -0.0233 | -6.73% |
| Weighted average ROE | -0.64% | -0.70% | -9.12% |
| At the end of the reporting period | At the end of last year | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 2,764,352,665.89 | 3,020,830,930.06 | -8.49% |
| Net assets attributable to shareholder of listed company (RMB) | 2,041,662,998.42 | 2,054,741,847.64 | -0.64% |
Total share capital of the Company as of the previous trading day before disclosure:
| Total share capital of the Company as of the previous trading day before disclosure(Share) | 602,762,596 |
Fully diluted earnings per share based on new share capital
| Preferred stock dividend paid | 0.00 |
| Fully diluted earnings per share based on new share capital(RMB/Share) | -0.0217 |
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
| Item | Amount from year-begin to period-end | Note |
| Gains/losses from the disposal of non-current asset (including the | 950,379.70 |
| write-off that accrued for impairment of assets) | ||
| Governmental subsidy calculated into current gains and losses(while closely related with the normal business of the Company, excluding the fixed-amount or fixed-proportion governmental subsidy according to the unified national standard) | 1,763,464.38 | Amortization of government subsidy related to assets |
| Other non-operating income and expenditure except for the aforementioned items | -10,000.00 | |
| Less: impact on income tax | ||
| Impact on minority shareholders’ equity (post-tax) | 8,269.81 | |
| Total | 2,695,574.27 | -- |
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
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
| Total common shareholders at the end of report period | 46,202 | Total preferred stockholders with voting rights recover at the end of report period (if applicable) | 0 | |||
| Top ten share-holding | ||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of lock-up shares held | Number of share pledged/frozen | |
| State of share | Amount | |||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD. | Overseas legal person | 15.28% | 92,123,248 | |||
| Shenzhen Guangju Industrial Co., Ltd. | State-owned legal person | 12.22% | 73,666,824 | |||
| Shenzhen Energy Group Co., Ltd. | State-owned legal person | 10.80% | 65,106,130 | |||
| BOCI SECURITIES LIMITED | Overseas legal person | 2.49% | 14,991,882 | |||
| Zeng Ying | Domestic nature person | 1.19% | 7,159,600 | |||
| China Merchants Securities H.K. Co., Ltd. | State-owned legal person | 1.04% | 6,247,928 | |||
| LI SHERYN ZHAN MING | Overseas nature person | 0.97% | 5,825,490 | |||
| Meiyi Investment Property Co., Ltd. | Domestic non state legal person | 0.87% | 5,218,000 | |||
| Haitong International Securities Company Limited-Account Client | Overseas legal person | 0.65% | 3,909,357 | |||
| Guosen Securities (Hong Kong) Brokerage Co., Ltd. | Overseas legal person | 0.61% | 3,651,901 | |||
| Top ten shareholders with unrestricted shares held | ||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | ||||
| Type | Amount | |||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD. | 92,123,248 | Domestically listed foreign shares | 92,123,248 | |||
| Shenzhen Guangju Industrial Co., Ltd. | 73,666,824 | RMB common shares | 7,366,682 | |||
| Shenzhen Energy Group Co., Ltd. | 65,106,130 | RMB common shares | 65,106,130 | |||
| BOCI SECURITIES LIMITED | 14,991,882 | Domestically listed foreign shares | 14,991,882 | |||
| Zeng Ying | 7,159,600 | Domestically listed foreign shares | 7,159,600 | |||
| China Merchants Securities H.K. Co., Ltd. | 6,247,928 | Domestically listed foreign shares | 6,247,928 |
| LI SHERYN ZHAN MING | 5,825,490 | Domestically listed foreign shares | 5,825,490 |
| Meiyi Investment Property Co., Ltd. | 5,218,000 | RMB common shares | 5,218,000 |
| Haitong International Securities Company Limited-Account Client | 3,909,357 | Domestically listed foreign shares | 3,909,357 |
| Guosen Securities (Hong Kong) Brokerage Co., Ltd. | 3,651,901 | Domestically listed foreign shares | 3,651,901 |
| Explanation on associated relationship among the aforesaid shareholders | 1. 100% equity of HONG KONG NAM HOI (INTERNATIONAL) LIMITED was held by SHENZHEN ENERGY (GROUP) CO., LTD 2. Among other social public shareholders, the Company did not know whether there were associated relationships or belonging to consistent actors. | ||
| Explanation on top 10 shareholders involving margin business (if applicable) | N/A | ||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-backagreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
Section III. Significant EventsI. Particulars about material changes in items of main financial data and financial index andexplanations of reasons
√Applicable □Not applicable
1. Monetary fund has 585.985 million Yuan at end of the period, a decrease of 23.36% over that of year beginning, mainly becauserepayment of bank loans increased;
2. Notes receivable and accounts receivable has 123.1824 million Yuan at end of the period, an increase of 44.42% over that of yearbeginning, mainly because the electricity bills receivable increased;
3. Advance payment has 17.8459 million Yuan at end of the period, a decrease of 39.60% over that of year beginning, mainly becauseprepayment for natural gas declined;
4. Construction in progress has 69.0174 million Yuan at end of the period, an increase of 61.32% over that of year beginning, mainlybecause the expenditures for technological transformation projects increased;
5. Long-term deferred expenses has 1.2268 million Yuan at end of the period, an increase of 19.39% over that of year beginning,mainly because the decoration costs increased;
6. Short-term loans has 440.0218 million Yuan at end of the period, a decrease of 34.86% over that of year beginning, mainly becausebank loans declined;
7. Note payable and accounts payable has 46.6524 million Yuan at end of the period, an increase of 17.29% over that of yearbeginning, mainly because the natural gas payable increased;
8. Taxes payable has 4.5089 million Yuan at end of the period, a decrease of 40.88% over that of year beginning, mainly because thetaxes paid in the current period increased;
9. Operating income has 86.3806 million Yuan in the period, a decrease of 62.23% from a year earlier, mainly because Dongguancompany is no longer included in the scope of consolidation, which made the revenue declined;
10. Operating cost has 85.5327 million Yuan in the period, a decrease of 61.55% from a year earlier, mainly because Dongguancompany is no longer included in the scope of consolidation, which made the cost declined;
11. Taxes and surcharges has 0.8184 million Yuan in the period, a decrease of 60.06% from a year earlier, mainly because Dongguancompany is no longer included in the scope of consolidation, which reduces the value-added tax surcharge;
12. Sales expenses has 0.4245 million Yuan in the period, a decrease of 60.36% from a year earlier, mainly because dry mud disposalfee declined;
13. R&D expenses has 1.4625 million Yuan in the period, an increase of 100.00% from a year earlier, mainly because technologyresearch and development expenditure increased;
14. Financial Expenses has -5.26 million Yuan in the period, a decrease of 216.87% from a year earlier, mainly because financialmanagement income increased;
15. Other income has 1.7635 million Yuan in the period, a decrease of 73.55% from a year earlier, mainly because governmentsubsidy income declined;
16. Investment income has -0.6716 million Yuan in the period, a decrease of 436.68% from a year earlier, mainly because theinvestment losses accounted by equity method increased;
17. Asset disposal income has 0.9447 million Yuan in the period, an increase of 100% from a year earlier, mainly because the incomefrom the disposal of fixed assets increased;
18. Non-operating income has 31,100 Yuan in the period, an increase of 2,118.51% from a year earlier, mainly because the incomefrom scrapping of fixed assets increased;
19. Non-operating expenses has 35,400 Yuan in the period, an increase of 253.88% from a year earlier, mainly because the loss ofscrapped fixed assets increased;
20. Net cash flow arising from operation activity has -38.8836 million Yuan in the period, a decrease of 276.55% from a year earlierin net in-flow, mainly because the natural gas payment is greater than the natural gas payment received for electricity;
21. Net cash flow arising from investment activity has 100.8482 million Yuan in the period, an increase of 52.70% from a year earlierin net in-flow, mainly because net cash spend on financial management decreased;
22. Net cash flow arising from financing activity has -240.6207 million Yuan in the period, a decrease of 1,004.82% from a yearearlier in net in-flow, mainly because net inflow of bank loans declined.II. Analysis and explanation of significant events and their influence and solutions
□ Applicable √ Not applicable
Implementation progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments completed in Period and those without completed till end of the Periodfrom actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,shareholders, related parties, purchaser and companies.
IV. Financial asset investment
1. Securities investment
□ Applicable √ Not applicable
No securities investment in the Period.
2. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of business performance from January – June 2021Estimation 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 sources | Amount occurred | Outstanding balance | Overdue amount |
| Bank financial products | Own funds | -10,574.48 | 46,991.07 | 0 |
| Total | -10,574.48 | 46,991.07 | 0 | |
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed
□Applicable √Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
IX. External security against the rules
□ Applicable √ Not applicable
The Company has no external security against the rules in the PeriodX. Controlling shareholders' and its related party's non-business capital occupying of thelisted company
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.XI. Registration form for receiving research, communication and interview in the reportperiod
√ Applicable □ Not applicable
| Time | Location | Way | Type | Reception target | Main contents of the discussion and information provided | Basic situation index of investigation |
| Jan.-Mar. 2021 | Office from the headquarters | Field visit | Individual | Individual (14 person-time) | Search the register of shareholders etc. | Received according to the laws and regulations |
| Jan.-Mar. 2021 | Interactive platform | Written inquiry | Individual | Individual (22 person-time) | Query the number of shareholders, as about the future development direction of the Company, progress of the investment items and lands with Nanshan Power Factory concerned | Rely in written timely |
| Jan.-Mar. 2021 | Telephone communication | Telephone communication | Individual | Individual (Dozens of times) | Inquire and communicate the Company’s business conditions performance forecast, market performance, the lands of Nanshan Power Factory and progress of the investment items etc. | Reply according to the laws and regulations |
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Nanshan Power Co., Ltd.
March 31, 2021
In RMB
| Item | March 31, 2021 | March 31, 2020 |
| Current assets: | ||
| Monetary fund | 585,984,991.88 | 764,601,272.21 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | 123,182,409.54 | 85,293,052.88 |
| Receivable financing | ||
| Accounts paid in advance | 17,845,873.77 | 29,544,788.35 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 28,959,377.39 | 31,027,754.36 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 99,407,920.26 | 100,245,529.06 |
| Contractual assets | 7,229,600.00 | |
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 809,639,472.17 | 917,288,244.54 |
| Total current assets | 1,665,020,045.01 | 1,935,230,241.40 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 8,221,839.15 | 8,893,408.86 |
| Investment in other equity instrument | 81,615,000.00 | 81,615,000.00 |
| Other non-current financial assets | ||
| Investment real estate | 2,156,155.00 | 2,205,189.40 |
| Fixed assets | 913,980,872.78 | 925,745,208.55 |
| Construction in progress | 69,017,397.95 | 42,782,712.98 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 20,908,538.85 | 21,125,610.24 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 1,226,767.46 | 1,027,508.94 |
| Deferred income tax asset | 2,206,049.69 | 2,206,049.69 |
| Other non-current asset | ||
| Total non-current asset | 1,099,332,620.88 | 1,085,600,688.66 |
| Total assets | 2,764,352,665.89 | 3,020,830,930.06 |
| Current liabilities: | ||
| Short-term loans | 440,021,810.33 | 675,528,858.48 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 34,609,433.65 | 30,467,345.48 |
| Account payable | 12,042,933.60 | 9,306,303.26 |
| Accounts received in advance |
| Contractual liability | ||
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 64,530,786.87 | 69,426,903.97 |
| Taxes payable | 4,508,898.49 | 7,626,258.26 |
| Other account payable | 24,832,135.13 | 27,020,944.95 |
| 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 | ||
| Total current liabilities | 580,545,998.07 | 819,376,614.40 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 19,573,508.28 | 19,923,508.28 |
| Deferred income | 92,192,715.99 | 93,780,657.93 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | 7,627.86 | 7,627.86 |
| Total non-current liabilities | 111,773,852.13 | 113,711,794.07 |
| Total liabilities | 692,319,850.20 | 933,088,408.47 |
| Owner’s equity: | ||
| Share capital | 602,762,596.00 | 602,762,596.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 362,770,922.10 | 362,770,922.10 |
| Less: Inventory shares | ||
| Other comprehensive income | -2,500,000.00 | -2,500,000.00 |
| Reasonable reserve | ||
| Surplus public reserve | 332,908,397.60 | 332,908,397.60 |
| Provision of general risk | ||
| Retained profit | 745,721,082.72 | 758,799,931.94 |
| Total owner’ s equity attributable to parent company | 2,041,662,998.42 | 2,054,741,847.64 |
| Minority interests | 30,369,817.27 | 33,000,673.95 |
| Total owner’ s equity | 2,072,032,815.69 | 2,087,742,521.59 |
| Total liabilities and owner’ s equity | 2,764,352,665.89 | 3,020,830,930.06 |
Legal Representative: Li XinweiPerson in charge of accounting works: Chen YuhuiPerson in charge of accounting institute: Shang Ying
2. Balance Sheet of Parent Company
In RMB
| Item | March 31, 2021 | March 31, 2020 |
| Current assets: | ||
| Monetary funds | 503,599,594.31 | 656,244,294.18 |
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | 56,401,337.45 | 24,673,115.32 |
| Receivable financing |
| Accounts paid in advance | 10,396,892.16 | 25,560,315.87 |
| Other account receivable | 579,503,107.71 | 598,044,417.89 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Inventories | 91,811,670.68 | 91,867,492.38 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 802,624,081.14 | 910,645,154.56 |
| Total current assets | 2,044,336,683.45 | 2,307,034,790.20 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investments | 250,191,165.00 | 250,191,165.00 |
| Investment in other equity instrument | 60,615,000.00 | 60,615,000.00 |
| Other non-current financial assets | ||
| Investment real estate | ||
| Fixed assets | 308,960,400.67 | 312,649,354.95 |
| Construction in progress | 26,086,302.87 | 1,073,964.84 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 270,827.44 | 332,241.43 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | 956,181.74 | 734,374.41 |
| Deferred income tax assets | ||
| Other non-current assets | ||
| Total non-current assets | 647,079,877.72 | 625,596,100.63 |
| Total assets | 2,691,416,561.17 | 2,932,630,890.83 |
| Current liabilities | ||
| Short-term borrowings | 440,021,810.33 | 675,528,858.48 |
| Trading financial liability | ||
| Derivative financial liability | ||
| Notes payable | 34,609,433.65 | 30,467,345.48 |
| Account payable | 5,041,053.37 | 998,036.56 |
| Accounts received in advance | ||
| Contractual liability | ||
| Wage payable | 49,889,889.19 | 53,405,473.63 |
| Taxes payable | 341,327.15 | 1,752,749.94 |
| Other accounts payable | 197,799,666.04 | 204,960,979.45 |
| Including: Interest payable | ||
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 727,703,179.73 | 967,113,443.54 |
| 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 | ||
| Accrued liabilities | ||
| Deferred income | 53,941,462.10 | 54,805,440.92 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 53,941,462.10 | 54,805,440.92 |
| Total liabilities | 781,644,641.83 | 1,021,918,884.46 |
| Owners’ equity: | ||
| Share capital | 602,762,596.00 | 602,762,596.00 |
| Other equity instrument |
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 289,963,039.70 | 289,963,039.70 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Special reserve | ||
| Surplus reserve | 332,908,397.60 | 332,908,397.60 |
| Retained profit | 684,137,886.04 | 685,077,973.07 |
| Total owner’s equity | 1,909,771,919.34 | 1,910,712,006.37 |
| Total liabilities and owner’s equity | 2,691,416,561.17 | 2,932,630,890.83 |
3. Consolidated Profit Statement
In RMB
| Item | Current period | Last period |
| I. Total operating income | 86,380,557.37 | 228,717,033.81 |
| Including: Operating income | 86,380,557.37 | 228,717,033.81 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 104,122,537.64 | 251,289,929.79 |
| Including: Operating cost | 85,532,715.20 | 222,478,803.66 |
| 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 | 818,433.20 | 2,049,312.50 |
| Sales expense | 424,542.50 | 1,070,938.90 |
| Administrative expense | 21,141,627.42 | 21,190,048.99 |
| R&D expense | 1,465,171.31 | |
| Financial expense | -5,259,951.98 | 4,500,825.74 |
| Including: Interest expenses | 6,310,086.58 | 10,225,384.24 |
| Interest income | -11,586,398.21 | -5,956,731.84 |
| Add: other income | 1,763,464.38 | 6,666,794.07 |
| Investment income (Loss is listed with “-”) | -671,569.71 | 199,465.79 |
| Including: Investment income on affiliated company and joint venture | -671,569.71 | 199,465.79 |
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | 944,667.70 | |
| III. Operating profit (Loss is listed with “-”) | -15,705,417.90 | -15,706,636.12 |
| Add: Non-operating income | 31,100.00 | 1,401.84 |
| Less: Non-operating expense | 35,388.00 | 10,000.00 |
| IV. Total profit (Loss is listed with “-”) | -15,709,705.90 | -15,715,234.28 |
| Less: Income tax expense | 154,055.99 | |
| V. Net profit (Net loss is listed with “-”) | -15,709,705.90 | -15,869,290.27 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | ||
| 2.termination of net profit (net loss listed with ‘-”) |
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | -13,078,849.22 | -14,023,020.62 |
| 2.Minority shareholders’ gains and losses | -2,630,856.68 | -1,846,269.65 |
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 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 | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | -15,709,705.90 | -15,869,290.27 |
| Total comprehensive income attributable to owners of parent Company | -13,078,849.22 | -14,023,020.62 |
| Total comprehensive income attributable to minority shareholders | -2,630,856.68 | -1,846,269.65 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | -0.0217 | -0.0233 |
| (ii) Diluted earnings per share | -0.0217 | -0.0233 |
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: Li XinweiPerson in charge of accounting works: Chen YuhuiPerson in charge of accounting institute: Shang Ying
4. Profit Statement of Parent Company
In RMB
| Item | Current period | Last period |
| I. Operating income | 43,141,319.16 | 39,576,718.44 |
| Less: Operating cost | 45,414,691.55 | 47,086,536.01 |
| Taxes and surcharge | 39,061.75 | 25,249.45 |
| Sales expenses | ||
| Administration expenses | 11,177,405.22 | 9,977,388.80 |
| R&D expenses | ||
| Financial expenses | -10,569,778.78 | -7,701,706.54 |
| Including: interest expenses | 6,717,996.71 | 6,759,039.78 |
| Interest income | -17,334,148.93 | -14,542,892.69 |
| Add: other income | 1,035,305.85 | 5,197,076.15 |
| Investment income (Loss is listed with “-”) | ||
| Including: Investment income on affiliated Company and joint venture | ||
| 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 “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | ||
| Income on disposal of assets (Loss is listed with “-”) | 944,667.70 | |
| II. Operating profit (Loss is listed with “-”) | -940,087.03 | -4,613,673.13 |
| Add: Non-operating income | ||
| Less: Non-operating expense | ||
| III. Total Profit (Loss is listed with “-”) | -940,087.03 | -4,613,673.13 |
| Less: Income tax | ||
| IV. Net profit (Net loss is listed with “-”) | -940,087.03 | -4,613,673.13 |
| (i)continuous operating net profit (net loss listed with ‘-”) | ||
| (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 | -940,087.03 | -4,613,673.13 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
5. Consolidated Cash Flow Statement
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 82,084,455.92 | 269,328,078.58 |
| 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 | 7,103.13 | 171,207.01 |
| Other cash received concerning operating activities | 6,302,865.37 | 13,182,662.61 |
| Subtotal of cash inflow arising from operating activities | 88,394,424.42 | 282,681,948.20 |
| Cash paid for purchasing commodities and receiving labor service | 71,066,272.78 | 191,188,380.26 |
| 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 | 38,454,030.92 | 34,694,210.48 |
| Taxes paid | 5,681,683.89 | 21,136,774.95 |
| Other cash paid concerning operating activities | 12,076,032.33 | 13,638,958.10 |
| Subtotal of cash outflow arising from operating activities | 127,278,019.92 | 260,658,323.79 |
| Net cash flows arising from operating activities | -38,883,595.50 | 22,023,624.41 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 106,112,417.65 | 178,000,000.00 |
| Cash received from investment income | 4,547,859.46 | 191,275.06 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 1,812,386.50 | |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 5,000,000.00 | |
| Subtotal of cash inflow from investing activities | 117,472,663.61 | 178,191,275.06 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 16,624,479.71 | 2,147,254.56 |
| Cash paid for investment | 110,000,000.00 | |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 16,624,479.71 | 112,147,254.56 |
| Net cash flows arising from investing activities | 100,848,183.90 | 66,044,020.50 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing |
| investment | ||
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | ||
| Cash received from loans | 88,262,740.80 | 86,000,000.00 |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 88,262,740.80 | 86,000,000.00 |
| Cash paid for settling debts | 320,733,285.00 | 50,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 4,205,253.75 | 9,406,836.84 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | 3,944,952.00 | |
| Subtotal of cash outflow from financing activities | 328,883,490.75 | 59,406,836.84 |
| Net cash flows arising from financing activities | -240,620,749.95 | 26,593,163.16 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 39,881.22 | 99,323.49 |
| V. Net increase of cash and cash equivalents | -178,616,280.33 | 114,760,131.56 |
| Add: Balance of cash and cash equivalents at the period -begin | 764,601,272.21 | 771,490,000.96 |
| VI. Balance of cash and cash equivalents at the period -end | 585,984,991.88 | 886,250,132.52 |
6. Cash Flow Statement of Parent Company
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor | 47,581,807.04 | 52,945,277.26 |
| services | ||
| Write-back of tax received | 171,207.01 | |
| Other cash received concerning operating activities | 40,184,178.82 | 42,047,324.58 |
| Subtotal of cash inflow arising from operating activities | 87,765,985.86 | 95,163,808.85 |
| Cash paid for purchasing commodities and receiving labor service | 42,169,696.71 | 40,043,331.88 |
| Cash paid to/for staff and workers | 26,703,957.85 | 19,841,265.42 |
| Taxes paid | 155,478.70 | 91,230.61 |
| Other cash paid concerning operating activities | 27,091,574.88 | 23,284,108.41 |
| Subtotal of cash outflow arising from operating activities | 96,120,708.14 | 83,259,936.32 |
| Net cash flows arising from operating activities | -8,354,722.28 | 11,903,872.53 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 106,112,417.65 | 178,000,000.00 |
| Cash received from investment income | 4,547,859.46 | 191,275.06 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 1,756,774.50 | 0.00 |
| Net cash received from disposal of subsidiaries and other units | 0.00 | |
| Other cash received concerning investing activities | 0.00 | |
| Subtotal of cash inflow from investing activities | 112,417,051.61 | 178,191,275.06 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 16,086,183.17 | 74,212.00 |
| Cash paid for investment | 110,000,000.00 | |
| Net cash received from subsidiaries and other units obtained | 0.00 | |
| Other cash paid concerning | 0.00 |
| investing activities | ||
| Subtotal of cash outflow from investing activities | 16,086,183.17 | 110,074,212.00 |
| Net cash flows arising from investing activities | 96,330,868.44 | 68,117,063.06 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 88,262,740.80 | 86,000,000.00 |
| Other cash received concerning financing activities | 0.00 | |
| Subtotal of cash inflow from financing activities | 88,262,740.80 | 86,000,000.00 |
| Cash paid for settling debts | 320,733,285.00 | 50,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 4,205,253.75 | 5,817,822.93 |
| Other cash paid concerning financing activities | 3,944,952.00 | 0.00 |
| Subtotal of cash outflow from financing activities | 328,883,490.75 | 55,817,822.93 |
| Net cash flows arising from financing activities | -240,620,749.95 | 30,182,177.07 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | -96.08 | 722.90 |
| V. Net increase of cash and cash equivalents | -152,644,699.87 | 110,203,835.56 |
| Add: Balance of cash and cash equivalents at the period -begin | 656,244,294.18 | 632,948,706.11 |
| VI. Balance of cash and cash equivalents at the period -end | 503,599,594.31 | 743,152,541.67 |
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasingrules from 2021
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021
□Applicable √Not applicable
III. Audit reportWhether the 1
stquarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.