CHANGCHAICOMPANY,LIMITEDFIRSTQUARTERLYREPORT2021
28April2021
PartIImportantNotesTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofChangchaiCompany,Limited(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.ShiXinkun,theCompany’slegalrepresentative,ZhangXin,theCompany’sGeneralManager,andJiangHe,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.
ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformationIKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
√Yes□NoReasonforretrospectiverestatement:
Correctionofaccountingerror
| Q12021 | Q12020 | Change(%) | ||
| Before | After | After | ||
| Operatingrevenue(RMB) | 774,218,489.69 | 537,033,349.19 | 538,139,070.21 | 43.87% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 24,571,254.83 | 1,510,305.60 | 1,404,292.62 | 1,649.72% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | 23,604,960.00 | 1,271,708.92 | 1,140,714.02 | 1,969.31% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -184,484,392.45 | 19,241,295.96 | 18,989,933.66 | —— |
| Basicearningspershare(RMB/share) | 0.0438 | 0.0027 | 0.0025 | 1,652.00% |
| Dilutedearningspershare(RMB/share) | 0.0438 | 0.0027 | 0.0025 | 1,652.00% |
| Weightedaveragereturnonequity(%) | 1.07% | 0.07% | 0.07% | 1.00% |
| 31March2021 | 31December2020 | Change(%) | ||
| Before | After | After | ||
| Totalassets(RMB) | 4,133,968,635.47 | 3,952,954,464.45 | 3,952,954,464.45 | 4.58% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 2,426,095,501.85 | 2,273,349,347.02 | 2,273,349,347.02 | 6.72% |
Reasonforchangeinaccountingpolicyandparticularsaboutcorrectionofaccountingerror:
TheProposalonCorrectionofPreviousAccountingErrorwasreviewedandapprovedonthe4
thMeetingofthe9thBoardofDirectorsheldon29July2020,andChangzhouXingshengPropertyManagementCo.,Ltd.whichwasnotincludedinthescopeofconsolidatedbalancesheetbeforehasbeencarriedoutaccountingtreatmentinaccordancetothestipulationsofaccountingstandards.Fordetails,seetheAnnouncementontheResolutionsofthe4
thMeetingofthe9
th
BoardofDirectors(AnnouncementNo.:2020-043),theAnnouncementonCorrectionofPreviousAccountingError(AnnouncementNo.:2020-045),andtheAuthenticationReportofSpecialInstructionregardingCorrectionofAccountingErrorfrom2017to2019disclosedonSecuritiesTimes,TaKungPaoandhttp://www.cninfo.com.cn.
1.Effectstotheconsolidatedbalancesheetofthesameperiodin2020
| Effecteditems | 1January2020–31March2020 | |
| Before | After | |
| Incomestatement: | ||
| 1.Revenues | 537,033,349.19 | 538,139,070.21 |
| Operatingrevenue | 537,033,349.19 | 538,139,070.21 |
| 2.Costsandexpenses | 529,922,440.47 | 531,160,471.23 |
| Costofsales | 468,398,298.69 | 468,694,592.90 |
| Taxesandlevies | 3,081,606.93 | 3,081,767.05 |
| Sellingexpense | 27,529,136.09 | 27,568,943.45 |
| Administrativeexpense | 16,267,262.68 | 17,172,240.77 |
| Financecosts | -823,896.76 | -827,105.78 |
| Otherincome | 805,876.00 | 805,876.00 |
| Investmentincome | 24,734.34 | 51,031.10 |
| 3.Operatingprofit | 2,763,109.02 | 2,657,096.04 |
| Non-operatingexpense | 368,721.44 | 368,721.44 |
| 4.Grossprofit | 2,525,534.32 | 2,419,521.34 |
| Incometaxexpense | 1,008,368.05 | 1,008,368.05 |
| 5.Netprofit | 1,517,166.27 | 1,411,153.29 |
| Byoperatingcontinuity | 1,517,166.27 | 1,411,153.29 |
| NetprofitattributabletoownersoftheCompanyastheparent | 1,510,305.60 | 1,404,292.62 |
| 6.Totalcomprehensiveincome | -39,469,833.73 | -39,575,846.71 |
| AttributabletoownersoftheCompanyastheparent | -39,476,694.40 | -39,582,707.38 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.0027 | 0.0025 |
| 7.2Dilutedearningspershare | 0.0027 | 0.0025 |
| CashFlowStatement: | ||
| 1.Cashflowsfromoperatingactivities | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 394,536,274.90 | 395,541,506.92 |
| Cashgeneratedfromotheroperatingactivities | 3,065,965.22 | 3,091,386.85 |
| Subtotalofcashgeneratedfromoperatingactivities | 405,942,727.11 | 406,973,380.76 |
| Paymentsforcommoditiesandservices | 281,322,512.13 | 282,175,437.06 |
| Cashpaidtoandforemployees | 76,966,977.12 | 77,363,224.39 |
| Taxesandleviespaid | 7,741,624.22 | 7,741,784.34 |
| Cashusedinotheroperatingactivities | 20,670,317.68 | 20,703,001.31 |
| Subtotalofcashusedinoperatingactivities | 386,701,431.15 | 387,983,447.10 |
| Netcashgeneratedfrom/usedinoperatingactivities | 19,241,295.96 | 18,989,933.66 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 1,500,000.00 | 4,550,000.00 |
| Returnoninvestment | 1,778.18 | 28,074.94 |
| Subtotalofcashgeneratedfrominvestingactivities | 1,548,278.18 | 4,624,574.94 |
| Paymentsforinvestments | 3,000,000.00 | 6,100,000.00 |
| Cashusedinotherinvestingactivities | 930,300.00 | 930,300.00 |
| Subtotalofcashusedininvestingactivities | 29,054,394.04 | 32,154,394.04 |
| Netcashgeneratedfrom/usedininvestingactivities | -27,506,115.86 | -27,529,819.10 |
| 5.Netincreaseincashandcashequivalents | -8,537,210.92 | -8,812,276.46 |
| 6.Cashandcashequivalents,endoftheperiod | 536,047,533.25 | 535,772,467.71 |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q12021 | Note |
| Gain/Lossarisingfromdisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 6,800.10 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 299,348.30 | |
| Gain/Lossonchangesinfairvaluearisingfromholdingofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandinvestmentincomefromdisposalofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandotherdebtinvestmentsotherthaneffectivehedgebusinessrelatedtotheCompany’snormaloperatingbusinesses | 851,116.06 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 56,844.59 | |
| Less:Incometaxeffects | 247,814.22 | |
| Non-controllinginterestseffects(aftertax) | 0.00 | |
| Total | 966,294.83 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat31March2021
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholdersattheperiod-end | 57,470 | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | ||||
| Top10shareholders | |||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | ||
| Status | Shares | ||||||
| ChangzhouInvestmentGroupCo.,Ltd | State-ownedlegalperson | 30.43% | 170,845,236 | ||||
| KGIASIALIMITED | Foreigncorporation | 0.56% | 3,151,695 | ||||
| LiSuinan | Domesticindividual | 0.28% | 1,548,100 | ||||
| HuangGuoliang | Domesticindividual | 0.27% | 1,528,891 | ||||
| ChinaConstructionBankCorporation-FirstStateCindaNewEnergyIndustryStockSecuritiesInvestmentFund | Other | 0.25% | 1,418,947 | ||||
| ChenJian | Domesticindividual | 0.22% | 1,249,000 | ||||
| ChenXiaojing | Domesticindividual | 0.22% | 1,239,100 | ||||
| HuWenyong | Domesticindividual | 0.22% | 1,230,011 | ||||
| TaoXiaofang | Domesticindividual | 0.22% | 1,218,400 | ||||
| XueHong | Domestic | 0.21% | 1,160,000 | ||||
| individual | ||||||
| Top10unrestrictedshareholders | ||||||
| Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | ||||
| Type | Shares | |||||
| ChangzhouInvestmentGroupCo.,Ltd | 170,845,236 | RMB-denominatedordinarystock | 170,845,236 | |||
| KGIASIALIMITED | 3,151,695 | Domesticallylistedforeignstock | 3,151,695 | |||
| LiSuinan | 1,548,100 | Overseaslistedforeignstock | 1,548,100 | |||
| HuangGuoliang | 1,528,891 | Overseaslistedforeignstock | 1,528,891 | |||
| ChinaConstructionBankCorporation-FirstStateCindaNewEnergyIndustryStockSecuritiesInvestmentFund | 1,418,947 | RMB-denominatedordinarystock | 1,418,947 | |||
| ChenJian | 1,249,000 | RMB-denominatedordinarystock | 1,249,000 | |||
| ChenXiaojing | 1,239,100 | RMB-denominatedordinarystock | 1,239,100 | |||
| HuWenyong | 1,230,011 | Domesticallylistedforeignstock | 1,230,011 | |||
| TaoXiaofang | 1,218,400 | RMB-denominatedordinarystock | 1,218,400 | |||
| XueHong | 1,160,000 | Domesticallylistedforeignstock | 1,160,000 | |||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Itisunknownwhetherthereisamongthetop10publicshareholdersandthetop10unrestrictedpublicshareholdersanyrelatedpartiesoracting-in-concertpartiesasdefinedintheAdministrativeMeasuresforInformationRegardingShareholdingAlteration. | |||||
| Top10shareholdersinvolvedinsecuritiesmargintrading(ifany) | TheshareholdersChenJianandChenXiaojingrespectivelyhold50,000sharesand1,211,800sharesoftheCompanythroughtheircreditaccount. | |||||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable
1.AccountsreceivableincreasedbyRMB381,338,419.54,or96.02%,asat31March2021comparedto31December2020,primarilybecausetheCompanyproperlyallowedcustomers’buyingoncreditformoremarketsinthecurrentquarterandmulti-cylinderdieselenginecustomersaremainlysupportingcompaniesofmainengine,whichareusuallygivenlongerpaymentdays.
2.OthercurrentassetsdecreasedbyRMB8,672,474.35,or31.77%,asat31March2021comparedto31December2020,primarilybecauseexcessVATpaidoftheCompanydecreased.
3.ConstructioninprogressincreasedbyRMB56,104,226.82,or84.36%,asat31March2021comparedto31December2020,primarilydrivenbyanincreaseinconstructioninvestmentbywholly-ownedsubsidiaryJiangsuChangchaiMachineryCo.,Ltd.
4.EmployeebenefitspayabledecreasedbyRMB21,068,831.24,or42.03%,asat31March2021comparedto31December2020,mainlybecauseaccruedsalaryandbonusinlastperiodwaspartiallypaidinthisperiod.
5.NetprofitattributabletoownersoftheCompanyastheparentwentupbyRMB23,166,962.21,or1649.72%,duringQ12021comparedtoQ12020,primarilydrivenbyanincreaseinsalesrevenue.
6.NetcashgeneratedfromoperatingactivitieswentdownbyRMB203,474,326.11,duringQ12021comparedtoQ12020,primarilybecauseaccountsreceivableincreased,andprocurementcostsincreasedassalesexpanded.
7.NetcashgeneratedfrominvestingactivitieswentdownbyRMB62,758,435.88duringQ12021comparedtoQ12020,primarilydrivenbyanincreaseinconstructioninvestmentbywholly-ownedsubsidiaryJiangsuChangchaiMachineryCo.,Ltd.andthepaymentofcapitalincreasetoHoushengNewEnergy.
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
√Applicable□Notapplicable
On9April2020,the24
thmeetingofthe8
thboardofdirectorsoftheCompanydiscussedandapprovedtheNon-publicOfferingPlanoftheCompanyfor2020.TheCompanyintendedtomakenon-publicissuanceofdomesticcommonshareslistedinRMBtospecificobjects,andthismatterwasapprovedbythecontrollingshareholderChangzhouInvestmentGroupCo.,Ltd.andwasreviewedandadoptedinthemeetingofshareholdersof2019.On18September2020,thetemporarymeetingoftheboardofdirectorsoftheCompanydiscussedandapprovedtherelevantrevisionmattersconcerningnon-publicissuanceofshares,theCompanysupplementedandimprovedtheforesaidplanaccordingtotherelevantrevisionmatters,andpreparedtheNon-publicOfferingPlanoftheCompanyfor2020(RevisionVersion),whichwasdiscussedandapprovedinthesecondtemporarymeetingofshareholdersin2020.TheapplicationoftheCompanyaboutnon-publicofferingin2020wasreviewedandapprovedbytheIssuanceExaminationCommissionofChinaSecuritiesRegulatoryCommissionandtheCompanyreceivedthewrittenapprovaldocumentfromChinaSecuritiesRegulatoryCommission.NowtheCompanyisactivelycarryingoutrelevantworkonnon-publicoffering.Progressofanysharerepurchase:
□Applicable√Notapplicable
Progressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IVSecuritiesInvestments
1.SecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
| Varietyofsecurities | Codeofsecurities | Nameofsecurities | Initialinvestmentcost | Accountingmeasurementmodel | Beginningcarryingvalue | Gain/lossonfairvaluechangesintheReportingPeriod | Cumulativefairvaluechangesrecordedintoequity | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Gain/lossintheReportingPeriod | Endingcarryingvalue | Accountingitem | Capitalresources |
| Domestic/foreignstock | 600166 | FotonMotor | 41,784,000.00 | Fairvaluemeasurement | 455,175,000.00 | 0.00 | 459,468,350.00 | 0.00 | 0.00 | 0.00 | 582,335,000.00 | Otherequityinstrumentinvestment | Self-ownedfunds |
| Domestic/foreignstock | 600919 | BankofJiangsu | 42,786,000.00 | Fairvaluemeasurement | 127,764,000.00 | 0.00 | 92,320,200.00 | 0.00 | 0.00 | 0.00 | 151,398,000.00 | Otherequityinstrument | Self-ownedfunds |
| investment | |||||||||||||
| Domestic/foreignstock | 300912 | KailongHighTechnology | 20,001,268.00 | Fairvaluemeasurement | 38,282,105.00 | 664,026.00 | 0.00 | 0.00 | 0.00 | 664,026.00 | 38,946,131.00 | Othernon-currentfinancialassets | Self-ownedfunds |
| OthersecuritiesinvestmentsheldattheendoftheReportingPeriod | 0.00 | -- | 0.00 | 0.00 | -- | -- | |||||||
| Total | 104,571,268.00 | -- | 621,221,105.00 | 664,026.00 | 551,788,550.00 | 0.00 | 0.00 | 664,026.00 | 772,679,131.00 | -- | -- | ||
| DisclosuredateofannouncementonBoard’sconsentforsecuritiesinvestment | |||||||||||||
| Disclosuredateofannouncementonshareholders’meeting’sconsentforsecuritiesinvestment(ifany) | |||||||||||||
2.InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VProgressofProjectsFinancedwithRaisedFunds
□Applicable√Notapplicable
VIOperatingPerformanceForecastforJanuary-June2021
Warningofaforecastlossonoraforecastsignificantyear-on-yearchangeintheaccumulativenetprofitfromthe
beginningoftheyeartotheendofthenextreportingperiod,aswellasexplanationofwhy:
□Applicable√NotapplicableVIISignificantContractsArisingfromtheCompany’sOrdinaryCourseofBusiness
□Applicable√NotapplicableVIIICashEntrustedforWealthManagement
√Applicable□Notapplicable
Unit:RMB’0,000
| Specifictype | Capitalresources | Amountincurred | Unduebalance | Overdueamount |
| Brokerfinancialproducts | Self-ownedfunds | 730 | 1,130 | 0 |
| Total | 730 | 1,130 | 0 | |
Particularsofentrustedcashmanagementwithsinglesignificantamountorlowsecurity,badliquidity,andnocapitalpreservation
□Applicable√NotapplicableWhetherthereisthecasewheretheprincipalcannotberecoveredatmaturityorothercasewhichmaycauseimpairmentforentrustedassetmanagement
□Applicable√Notapplicable
IXIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsReceivedduringtheReportingPeriod
√Applicable□Notapplicable
| Dateofvisit | Placeofvisit | Wayofvisit | Typeofvisitor | Visitor | Contentsandmaterialsprovided | Indextomaininquiryinformation |
| 2021-3-30 | EasyIR | Other | Individual | Individualinvestor | OperationanddividendoftheCompany | EasyIR |
| 2021-3-12 | EasyIR | Other | Individual | Individualinvestor | Progressonnon-publicofferingofsharesbytheCompany | EasyIR |
| 2021-3-5 | EasyIR | Other | Individual | Individualinvestor | FittingsofagriculturalmachineryproductsoftheCompany | EasyIR |
| 2021-3-5 | EasyIR | Other | Individual | Individualinvestor | AgriculturalmachineryproductsoftheCompany | EasyIR |
| 2021-3-4 | EasyIR | Other | Individual | Individualinvestor | TheCompany'slayoutinthenewenergyindustry | EasyIR |
| 2021-3-2 | EasyIR | Other | Individual | Individualinvestor | TheCompany'slayoutinthenewenergyindustry | EasyIR |
| 2021-3-1 | EasyIR | Other | Individual | Individualinvestor | TheCompany’smeasuresactivelyrespondingtonationalruralrevitalization | EasyIR |
| 2021-2-25 | EasyIR | Other | Individual | Individualinvestor | RemunerationandbonusofemployeesoftheCompany | EasyIR |
| 2021-2-24 | EasyIR | Other | Individual | Individualinvestor | Developmentsuggestions | EasyIR |
| 2021-2-22 | EasyIR | Other | Individual | Individualinvestor | Investmentsuggestions | EasyIR |
| 2021-2-22 | EasyIR | Other | Individual | Individualinvestor | Progressonnon-publicofferingofsharesbytheCompany | EasyIR |
| 2021-2-22 | EasyIR | Other | Individual | Individualinvestor | InfluenceofpoliciesonproductsoftheCompany | EasyIR |
| 2021-2-22 | EasyIR | Other | Individual | Individualinvestor | ProfitoftheCompanyin2020 | EasyIR |
| 2021-2-21 | EasyIR | Other | Individual | Individualinvestor | InfluenceofpoliciesontheCompany | EasyIR |
| 2021-2-21 | EasyIR | Other | Individual | Individualinvestor | SalesvolumeofagriculturalmachineryoftheCompany | EasyIR |
| 2021-2-21 | EasyIR | Other | Individual | Individualinvestor | SalesvolumeofdieselenginesandrelatedgeneratorsetsoftheCompany | EasyIR |
| 2021-2-19 | EasyIR | Other | Individual | Individualinvestor | NumberofshareholdersoftheCompany | EasyIR |
| 2021-2-18 | EasyIR | Other | Individual | Individualinvestor | Productionsituationoflithiumbatterybaffleproject | EasyIR |
| 2021-2-18 | EasyIR | Other | Individual | Individualinvestor | ExternalcooperationoftheCompany | EasyIR |
| 2021-2-3 | EasyIR | Other | Individual | Individualinvestor | Suggestionsonexternalcooperativedevelopment | EasyIR |
| 2021-2-3 | EasyIR | Other | Individual | Individualinvestor | RemunerationandbonusofemployeesoftheCompany | EasyIR |
| 2021-2-3 | EasyIR | Other | Individual | Individualinvestor | InformationdisclosureoftheCompany | EasyIR |
| 2021-2-2 | EasyIR | Other | Individual | Individualinvestor | Businessscope | EasyIR |
| 2021-1-25 | EasyIR | Other | Individual | Individualinvestor | Developmentsuggestions | EasyIR |
| 2021-1-25 | EasyIR | Other | Individual | Individualinvestor | TheCompany'slayoutinthenewenergyindustry | EasyIR |
| 2021-1-22 | EasyIR | Other | Individual | Individualinvestor | Customersituationoflithiumbatterybaffleproject | EasyIR |
| 2021-1-22 | EasyIR | Other | Individual | Individualinvestor | Numberofemployees | EasyIR |
| 2021-1-18 | EasyIR | Other | Individual | Individualinvestor | Operationandprofitoflithiumbatterybaffleproject | EasyIR |
| 2021-1-6 | EasyIR | Other | Individual | Individualinvestor | ExternalcooperationoftheCompany | EasyIR |
| 2021-1-5 | EasyIR | Other | Individual | Individualinvestor | PhaseIIconstructionoflithiumbatterybaffleproject | EasyIR |
| 2021-1-5 | EasyIR | Other | Individual | Individualinvestor | InvestmentinequityofKailongHighTechnology | EasyIR |
| 2021-1-5 | EasyIR | Other | Individual | Individualinvestor | TheCompany'slayoutinthenewenergyindustry | EasyIR |
| 2021-1-5 | EasyIR | Other | Individual | Individualinvestor | PhaseIIconstructionoflithiumbatterybaffleproject | EasyIR |
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyChangchaiCompany,Limited
31March2021
Unit:RMB
| Item | 31March2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 549,889,360.21 | 760,728,222.85 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | 11,300,000.00 | 11,500,272.00 |
| Derivativefinancialassets | ||
| Notesreceivable | 475,807,269.35 | 600,140,938.05 |
| Accountsreceivable | 778,492,436.03 | 397,154,016.49 |
| Accountsreceivablefinancing | ||
| Prepayments | 10,503,095.29 | 9,357,840.75 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 6,245,758.02 | 6,212,062.80 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 534,218,373.72 | 606,680,340.55 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 18,626,888.37 | 27,299,362.72 |
| Totalcurrentassets | 2,385,083,180.99 | 2,419,073,056.21 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | ||
| Investmentsinotherequityinstruments | 835,931,950.87 | 685,137,950.87 |
| Othernon-currentfinancialassets | 125,697,620.25 | 98,732,938.63 |
| Investmentproperty | 45,687,240.83 | 46,239,326.03 |
| Fixedassets | 434,629,415.15 | 454,181,555.68 |
| Constructioninprogress | 122,606,659.23 | 66,502,432.41 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 157,935,906.74 | 158,870,631.71 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 13,693.20 | 13,693.20 |
| Deferredincometaxassets | 4,231,873.15 | 4,231,873.15 |
| Othernon-currentassets | 22,151,095.06 | 19,971,006.56 |
| Totalnon-currentassets | 1,748,885,454.48 | 1,533,881,408.24 |
| Totalassets | 4,133,968,635.47 | 3,952,954,464.45 |
| Currentliabilities: | ||
| Short-termborrowings | 22,000,000.00 | 22,000,000.00 |
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 648,619,500.00 | 595,346,000.00 |
| Accountspayable | 583,254,363.62 | 612,757,392.46 |
| Advancesfromcustomers | 656,506.66 | 661,612.17 |
| Contractliabilities | 37,152,261.33 | 35,944,517.15 |
| Financialassetssoldunderrepurchaseagreements |
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 29,058,330.23 | 50,127,161.47 |
| Taxespayable | 4,838,616.10 | 2,869,485.41 |
| Otherpayables | 196,883,165.38 | 197,545,076.08 |
| Including:Interestpayable | ||
| Dividendspayable | 3,891,433.83 | 3,891,433.83 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | ||
| Othercurrentliabilities | 5,435,553.31 | 5,233,947.12 |
| Totalcurrentliabilities | 1,527,898,296.63 | 1,522,485,191.86 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | 56,949,737.60 | 56,949,737.60 |
| Deferredincometaxliabilities | 103,436,664.70 | 80,671,598.82 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 160,386,402.30 | 137,621,336.42 |
| Totalliabilities | 1,688,284,698.93 | 1,660,106,528.28 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 164,328,665.43 | 164,328,665.43 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 553,657,658.24 | 425,482,758.24 |
| Specificreserve | 18,812,986.55 | 18,812,986.55 |
| Surplusreserves | 325,451,531.14 | 325,451,531.14 |
| Generalreserve | ||
| Retainedearnings | 802,470,334.49 | 777,899,079.66 |
| TotalequityattributabletoownersoftheCompanyastheparent | 2,426,095,501.85 | 2,273,349,347.02 |
| Non-controllinginterests | 19,588,434.69 | 19,498,589.15 |
| Totalowners’equity | 2,445,683,936.54 | 2,292,847,936.17 |
| Totalliabilitiesandowners’equity | 4,133,968,635.47 | 3,952,954,464.45 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31March2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 476,010,891.53 | 682,322,659.41 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 472,437,869.35 | 581,230,938.05 |
| Accountsreceivable | 695,794,996.90 | 317,828,161.25 |
| Accountsreceivablefinancing | ||
| Prepayments | 5,954,920.63 | 6,592,567.26 |
| Otherreceivables | 23,791,683.48 | 24,327,355.36 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Inventories | 406,485,554.89 | 475,688,026.57 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 2,457,547.16 | 17,521,203.46 |
| Totalcurrentassets | 2,082,933,463.94 | 2,105,510,911.36 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 435,752,730.03 | 375,752,730.03 |
| Investmentsinotherequityinstruments | 835,931,950.87 | 685,137,950.87 |
| Othernon-currentfinancialassets | 78,750,000.00 | 52,500,000.00 |
| Investmentproperty | 45,687,240.83 | 46,239,326.03 |
| Fixedassets | 352,115,121.32 | 369,194,314.03 |
| Constructioninprogress | 28,110,977.45 | 26,195,189.06 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 67,287,829.16 | 68,088,982.37 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | ||
| Deferredincometaxassets | 4,179,544.86 | 4,179,544.86 |
| Othernon-currentassets | ||
| Totalnon-currentassets | 1,847,815,394.52 | 1,627,288,037.25 |
| Totalassets | 3,930,748,858.46 | 3,732,798,948.61 |
| Currentliabilities: | ||
| Short-termborrowings | 5,000,000.00 | 5,000,000.00 |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 640,879,000.00 | 589,534,000.00 |
| Accountspayable | 547,382,988.34 | 550,360,564.07 |
| Advancesfromcustomers | 656,506.66 | 661,612.17 |
| Contractliabilities | 32,345,200.24 | 32,344,514.86 |
| Employeebenefitspayable | 22,329,962.72 | 42,455,158.67 |
| Taxespayable | 1,070,869.93 | 1,099,861.63 |
| Otherpayables | 180,536,752.53 | 184,513,545.20 |
| Including:Interestpayable | ||
| Dividendspayable | 3,243,179.97 | 3,243,179.97 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | ||
| Othercurrentliabilities | 2,425,890.02 | 2,426,575.40 |
| Totalcurrentliabilities | 1,432,627,170.44 | 1,408,395,832.00 |
| Non-currentliabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions |
| Deferredincome | 56,949,737.60 | 56,949,737.60 |
| Deferredincometaxliabilities | 98,079,292.63 | 75,460,192.63 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 155,029,030.23 | 132,409,930.23 |
| Totalliabilities | 1,587,656,200.67 | 1,540,805,762.23 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 183,071,147.70 | 183,071,147.70 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 553,657,658.24 | 425,482,758.24 |
| Specificreserve | 18,812,986.55 | 18,812,986.55 |
| Surplusreserves | 325,451,531.14 | 325,451,531.14 |
| Retainedearnings | 700,725,008.16 | 677,800,436.75 |
| Totalowners’equity | 2,343,092,657.79 | 2,191,993,186.38 |
| Totalliabilitiesandowners’equity | 3,930,748,858.46 | 3,732,798,948.61 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Revenue | 774,218,489.69 | 538,139,070.21 |
| Including:Operatingrevenue | 774,218,489.69 | 538,139,070.21 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 737,847,784.06 | 531,160,471.23 |
| Including:Costofsales | 658,879,419.02 | 468,694,592.90 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 3,065,396.25 | 3,081,767.05 |
| Sellingexpense | 34,871,649.31 | 27,568,943.45 |
| Administrativeexpense | 22,926,455.83 | 17,172,240.77 |
| R&Dexpense | 19,118,309.57 | 15,470,032.84 |
| Financecosts | -1,013,445.92 | -827,105.78 |
| Including:Interestexpense | 778,030.13 | 272,391.02 |
| Interestincome | 1,419,334.80 | 1,559,568.83 |
| Add:Otherincome | 299,348.30 | 805,876.00 |
| Returnoninvestment(“-”forloss) | 187,090.06 | 51,031.10 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 664,026.00 |
| Creditimpairmentloss(“-”forloss) | -8,105,470.30 | -5,148,895.63 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 6,800.10 | -29,514.41 |
| 3.Operatingprofit(“-”forloss) | 29,422,499.79 | 2,657,096.04 |
| Add:Non-operatingincome | 656,281.69 | 131,146.74 |
| Less:Non-operatingexpense | 599,437.10 | 368,721.44 |
| 4.Profitbeforetax(“-”forloss) | 29,479,344.38 | 2,419,521.34 |
| Less:Incometaxexpense | 4,818,244.01 | 1,008,368.05 |
| 5.Netprofit(“-”fornetloss) | 24,661,100.37 | 1,411,153.29 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 24,661,100.37 | 1,411,153.29 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 24,571,254.83 | 1,404,292.62 |
| 5.2.2Netprofitattributabletonon-controllinginterests | 89,845.54 | 6,860.67 |
| 6.Othercomprehensiveincome,netoftax | 128,174,900.00 | -40,987,000.00 |
| AttributabletoownersoftheCompanyastheparent | 128,174,900.00 | -40,987,000.00 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | 128,174,900.00 | -40,987,000.00 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 128,174,900.00 | -40,987,000.00 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthe |
| reclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 152,836,000.37 | -39,575,846.71 |
| AttributabletoownersoftheCompanyastheparent | 152,746,154.83 | -39,582,707.38 |
| Attributabletonon-controllinginterests | 89,845.54 | 6,860.67 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0438 | 0.0025 |
| 8.2Dilutedearningspershare | 0.0438 | 0.0025 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Operatingrevenue | 731,331,198.20 | 503,170,117.52 |
| Less:Costofsales | 627,530,021.12 | 442,502,103.14 |
| Taxesandsurcharges | 2,153,521.99 | 2,157,929.61 |
| Sellingexpense | 31,562,894.27 | 25,275,600.91 |
| Administrativeexpense | 17,958,617.76 | 12,115,923.01 |
| R&Dexpense | 18,500,648.53 | 15,078,747.40 |
| Financecosts | -1,526,696.66 | -1,041,410.01 |
| Including:Interestexpense | 560,514.78 | 54,875.67 |
| Interestincome | 1,338,682.16 | 1,479,923.86 |
| Add:Otherincome | 224,000.00 | 300,000.00 |
| Returnoninvestment(“-”forloss) | ||
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -8,105,470.30 | -4,870,810.22 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 6,800.10 | -29,514.41 |
| 2.Operatingprofit(“-”forloss) | 27,277,520.99 | 2,480,898.83 |
| Add:Non-operatingincome | 118,709.98 | 14,530.00 |
| Less:Non-operatingexpense | 300,313.27 | 1,380.00 |
| 3.Profitbeforetax(“-”forloss) | 27,095,917.70 | 2,494,048.83 |
| Less:Incometaxexpense | 4,171,346.29 | 374,107.32 |
| 4.Netprofit(“-”fornetloss) | 22,924,571.41 | 2,119,941.51 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 22,924,571.41 | 2,119,941.51 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | 128,174,900.00 | -40,987,000.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | 128,174,900.00 | -40,987,000.00 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 128,174,900.00 | -40,987,000.00 |
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 151,099,471.41 | -38,867,058.49 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 489,688,618.36 | 395,541,506.92 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 10,464,646.99 | 8,340,486.99 |
| Cashgeneratedfromotheroperatingactivities | 2,794,943.41 | 3,091,386.85 |
| Subtotalofcashgeneratedfromoperatingactivities | 502,948,208.76 | 406,973,380.76 |
| Paymentsforcommoditiesandservices | 549,122,439.03 | 282,175,437.06 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 103,795,716.50 | 77,363,224.39 |
| Taxespaid | 12,047,444.92 | 7,741,784.34 |
| Cashusedinotheroperatingactivities | 22,467,000.76 | 20,703,001.31 |
| Subtotalofcashusedinoperatingactivities | 687,432,601.21 | 387,983,447.10 |
| Netcashgeneratedfrom/usedinoperatingactivities | -184,484,392.45 | 18,989,933.66 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 7,300,000.00 | 4,550,000.00 |
| Returnoninvestment | 107,580.06 | 28,074.94 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 43,495.14 | 46,500.00 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 7,451,075.20 | 4,624,574.94 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 64,189,330.18 | 25,124,094.04 |
| Paymentsforinvestments | 33,550,000.00 | 6,100,000.00 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 930,300.00 | |
| Subtotalofcashusedininvestingactivities | 97,739,330.18 | 32,154,394.04 |
| Netcashgeneratedfrom/usedininvestingactivities | -90,288,254.98 | -27,529,819.10 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | ||
| Borrowingsobtained | 7,000,000.00 | |
| Cashgeneratedfromotherfinancingactivities | 1,391,000.00 | |
| Subtotalofcashgeneratedfromfinancingactivities | 8,391,000.00 | |
| Repaymentsofborrowings | 7,000,000.00 | |
| Paymentsforinterestanddividends | 289,328.14 | 272,391.02 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 7,289,328.14 | 272,391.02 |
| Netcashgeneratedfrom/usedinfinancingactivities | 1,101,671.86 | -272,391.02 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
| 5.Netincreaseincashandcashequivalents | -273,670,975.57 | -8,812,276.46 |
| Add:Cashandcashequivalents,beginningoftheperiod | 629,939,540.50 | 544,584,744.17 |
| 6.Cashandcashequivalents,endoftheperiod | 356,268,564.93 | 535,772,467.71 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 448,318,646.97 | 354,637,979.41 |
| Taxrebates | 8,868,604.58 | 5,440,557.38 |
| Cashgeneratedfromotheroperatingactivities | 2,152,635.69 | 2,354,261.65 |
| Subtotalofcashgeneratedfromoperatingactivities | 459,339,887.24 | 362,432,798.44 |
| Paymentsforcommoditiesandservices | 523,031,644.55 | 254,044,882.14 |
| Cashpaidtoandforemployees | 91,529,134.39 | 65,955,095.38 |
| Taxespaid | 7,997,764.91 | 3,705,225.58 |
| Cashusedinotheroperatingactivities | 18,996,860.83 | 16,543,652.69 |
| Subtotalofcashusedinoperatingactivities | 641,555,404.68 | 340,248,855.79 |
| Netcashgeneratedfrom/usedinoperatingactivities | -182,215,517.44 | 22,183,942.65 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 43,495.14 | 46,500.00 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 43,495.14 | 46,500.00 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 1,958,483.50 | 6,656,932.63 |
| Paymentsforinvestments | 86,250,000.00 | 15,000,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 88,208,483.50 | 21,656,932.63 |
| Netcashgeneratedfrom/usedininvestingactivities | -88,164,988.36 | -21,610,432.63 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsobtained | ||
| Cashgeneratedfromotherfinancingactivities | 1,391,000.00 |
| Subtotalofcashgeneratedfromfinancingactivities | 1,391,000.00 | |
| Repaymentsofborrowings | ||
| Paymentsforinterestanddividends | 54,375.01 | 54,875.67 |
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 54,375.01 | 54,875.67 |
| Netcashgeneratedfrom/usedinfinancingactivities | 1,336,624.99 | -54,875.67 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
| 5.Netincreaseincashandcashequivalents | -269,043,880.81 | 518,634.35 |
| Add:Cashandcashequivalents,beginningoftheperiod | 559,573,331.81 | 497,777,104.81 |
| 6.Cashandcashequivalents,endoftheperiod | 290,529,451.00 | 498,295,739.16 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinHeadoftheCompany’sfinancialdepartment:JiangHe
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearoftheNewStandardsGoverningLeasesfrom2021
□Applicable√Notapplicable
2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstExecutionoftheNewStandardsGoverningLeasesfrom2021
□Applicable√Notapplicable
IIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.