Stock Code: 000521, 200521 Notice No.: 2022-030Short Form of the Stock: Changhong Meiling, Hongmeiling B
Changhong Meiling Co., Ltd.The First Quarterly Report of 2022
The Company and whole members of the Board guarantee that the information disclosed is true, accurate andcomplete and there are no fictitious records, misleading statements or material omissions carried in the Report,
Important Note:
1. Board of Directors and the Supervisory Committee of Changhong Meiling Co., Ltd. (hereinafter referred to asthe Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy andcompletion of the quarterly report, there are no any fictitious statements, misleading statements or importantomissions carried in this report, and shall take legal responsibilities, individual and/or joint.
2. Person in charge of the Company, head of accounting and person in charger of accounting organ (accountingofficer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate and complete.
3. The first quarterly report audited or not
□Yes √No
I. Main financial data(i) Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √ No
| Current Period | Same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 4,012,925,239.44 | 4,130,121,476.44 | -2.84% |
| Net profit attributable to shareholders of the listed company (RMB) | 5,147,648.23 | 5,297,826.42 | -2.83% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | -22,549,982.34 | -26,469,858.74 | 14.81% |
| Net cash flow arising from operating activities (RMB) | -1,064,503,447.07 | -968,522,457.80 | -9.91% |
| Basic earnings per share (RMB/Share) | 0.0050 | 0.0051 | -1.96% |
| Diluted earnings per share (RMB/Share) | 0.0050 | 0.0051 | -1.96% |
| Weighted average ROE | 0.10% | 0.11% | 0.01 percentage points down |
| End of this period | End of last period | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 15,379,389,911.00 | 15,190,469,756.33 | 1.24% |
| Owners’ equity attributable to shareholders of listed company (RMB) | 4,841,375,032.38 | 4,837,334,400.21 | 0.08% |
(ii)Items of non-recurring gains and losses
√ Applicable □ Not applicable
Unit:RMB/CNY
| Item | Current amount | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 3,689,706.71 | Found in “Gains on disposal of assets ” |
| Governmental subsidy calculated into current gains and losses(while closely related with the normal business of the Company, the government subsidy that accord with the provision of national policies and are continuously enjoyed in line with a certain standard quota or quantity are excluded) | 23,684,763.58 | Found in “Other income” |
| Gains/losses of fair value changes arising from holding of the trading financial asset, trading financial liability and investment earnings obtained from disposing the trading financial asset, trading financial liability, and financial assets available for sale, except for the effective hedging business related to normal operation of the Company | 3,712,111.38 | Found in “Investment earnings” and “Changes in fair value gains/losses” |
| Other non-operating income and expenses other than the above | 277,431.84 | ”Found in “Non-operating income”, “Non-operating expenditure” |
| Less: impact on income tax | 3,447,932.10 | |
| Impact on minority shareholders’ equity (post-tax) | 218,450.84 | |
| Total | 27,697,630.57 | -- |
Details of other gains/losses items that meets the definition of non-recurring gains/losses:
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&AAnnouncement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&AAnnouncement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss
(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
1.Changes and reasons of items in balance sheet
Unit:RMB/CNY
| Item | Ending balance | Opening balance | Changes ratio | Reasons of changes |
| Trading financial assets | 233,166,145.94 | 17,997,086.19 | 1195.58% | Mainly due to the purchase of financial products in the Period |
| Note receivable | 907,242.87 | 2,216,752.22 | -59.07% | Mainly because the note receivable due for remittance in the Period. |
| Account paid in advance | 42,228,271.87 | 29,766,797.34 | 41.86% | Mainly due to the increase in prepayment for raw materials in the Period. |
| Inventory | 2,270,256,051.70 | 1,356,357,419.80 | 67.38% | Mainly due to the increase in production in the Period |
| Contract assets | 1,777,252.62 | - | - | Mainly due to the warranties for new projects in the Period. |
| Long-term expenses to be apportioned | 140,885.26 | - | - | Mainly due to the leasing of plant construction in the Period. |
| Other non-current assets | - | 3,087,780.59 | -100.00% | Mainly due to the absence of long-term prepayments for construction in the Period |
| Account payable | 3,332,710,063.99 | 2,299,103,796.88 | 44.96% | Mainly due to the increase in purchase of raw materials in the Period |
| Contract liabilities | 357,443,604.25 | 515,004,115.23 | -30.59% | Mainly due to the decrease in advance receivables in the Period |
| Taxes payable | 60,844,916.80 | 141,874,861.88 | -57.11% | Mainly due to the payment of VAT in the Period |
| Treasury shares | - | 26,430,571.38 | -100.00% | Mainly due to the cancellation of treasury shares in the Period |
2.Changes and reasons of items in profit statement
Unit:RMB/CNY
| Item | Current period | Amount at the same period of last year | Changes ratio | Reasons of changes |
| Financial expenses | -41,364,640.07 | -1,483,821.14 | -2687.71% | Mainly due to the loss from foreign exchange in the same period of the previous year. |
| Other income | 26,202,120.61 | 13,160,582.16 | 99.10% | Mainly due to the y-o-y increase in government subsidies in the Period |
| Investment earnings | 7,547,051.46 | 31,431,230.42 | -75.99% | Mainly due to the decrease in gains from settlement of forward foreign exchange contracts in the Period |
| Gains on changes in fair value | -1,533,990.67 | -17,465,727.43 | 91.22% | Mainly due to the changes in fair value of the forward foreign exchange contract in the Period |
| Gains on disposal of assets | 3,689,706.71 | -132,879.85 | 2876.72% | Mainly due to the earnings from disposal of land assets in the Period |
| Non-operating income | 1,073,158.74 | 4,126,563.91 | -73.99% | Mainly due to the y-o-y decrease in liquidation of the long-term debts in the Period |
| Non-operating expenditure | 795,726.90 | 450,581.59 | 76.60% | Mainly due to the non-current assets scrapped losses in the Period |
| Income tax expenses | -1,669,169.27 | 5,426,757.07 | -130.76% | Mainly due to the taxable incomes declined in the Period, than the income tax expenses decreased. |
| Gains/losses of minority’s interest | 8,232,999.11 | 6,070,032.95 | 35.63% | Mainly due to the y-o-y increase in earnings from some of the wholly-owned subsidiaries in the Period |
3.Changes and reasons of items in cash flow statement
Unit:RMB/CNY
| Item | Current period | Amount at the same period of last year | Changes ratio | Reasons of changes |
| Other cash received concerning operation activities | 39,337,433.81 | 20,772,768.09 | 89.37% | Mainly due to the y-o-y increase in government subsidies received in the Period |
| Taxes paid | 132,796,426.52 | 81,424,772.89 | 63.09% | Mainly due to the y-o-y increase in VAT payment from subsidiary Meiling Group |
| Cash received from recovery of investment | 1,539,824.00 | - | - | Partial recovery of investment in Hongyun Fund in the Period while none in the previous period |
Cash received from the acquisition ofinvestment earnings
| Cash received from the acquisition of investment earnings | 11,003,504.00 | - | - | Received the dividends from associate and Hongyun Fund in the Period while none in the previous period |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 8,304,653.60 | 226,967.80 | 3558.96% | Mainly due to the y-o-y increase in assets disposal |
| Cash paid for investments | 220,000,000.00 | 1,000,000,000.00 | -78.00% | Mainly due to the y-o-y decrease of financial products procurement in the Period |
| Other cash paid concerning investment activities | 700.67 | 24,740.79 | -97.17% | Mainly due to the y-o-y decrease in foreign exchange losses from subsidiaries in the Period |
Cash received from absorption ofinvestments
| Cash received from absorption of investments | - | 15,000,000.00 | -100.00% | Mainly because subsidiary Life Appliances absorb minority equity investment in same period of last year while none in the current period |
| Cash received from borrowing | 225,000,000.00 | 647,079,820.49 | -65.23% | Mainly due to the y-o-y decrease in borrowings in |
| the Period | ||||
| Cash paid for debt repayment | 175,000,000.00 | 904,900,000.00 | -80.66% | Mainly due to the y-o-y decrease in repayment of loans in the Period |
| Cash paid for distribution of dividends, profits or repayment of interests | 10,261,148.45 | 19,467,766.75 | -47.29% | Mainly due to the y-o-y decrease in interest repayment in the Period |
| Other cash paid concerning financing activities | 4,144,046.56 | 6,339,329.84 | -34.63% | Mainly due to the y-o-y decrease in repurchase payment for B-stock in the Period |
| Effect of exchange rate changes on cash | 398,221.49 | -3,538,183.05 | 111.25% | Mainly due to the change of exchange rate in the Period |
II. Shareholders(i)Total number of common shareholders and preference shareholders with voting rights recovered andtop ten shareholders
Unit: Share
| Total number of common shareholders at the end of report period | 60,786 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||
| Top ten shareholders | |||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of lock-up shares held | Information of shares pledged, tagged or frozen | ||||
| State of share | Amount | ||||||||
| Sichuan Changhong Electric Co., Ltd. | State-owned legal person | 24.12% | 248,457,724 | 0 | - | - | |||
| Hefei Industry Investment Holding (Group) Co., Ltd. | State-owned legal person | 4.64% | 47,823,401 | 0 | - | - | |||
| CHANGHONG (HK) TRADING LIMITED | Foreign legal person | 2.63% | 27,077,797 | 0 | - | - | |||
| CAO SHENGCHUN | Foreign natural person | 1.43% | 14,766,086 | 0 | - | - | |||
| Ma Guobin | Domestic natural person | 1.42% | 14,642,300 | 0 | - | - | |||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | Domestic non-state-owned legal person | 1.04% | 10,733,452 | 0 | - | - | |||
| Zhuhai Jinyi Assets Management Co., Ltd. - Private equity investment fund Jinyi Phase I | Domestic non-state-owned legal person | 1.00% | 10,347,600 | 0 | - | - | |||
| Philip Securities (H.K.) Co., Ltd. | Foreign legal person | 0.61% | 6,296,913 | 0 | - | - | |||
| UBS AG | Foreign legal person | 0.52% | 5,360,600 | 0 | - | - | |||
| Chen Qin | Domestic natural person | 0.43% | 4,383,888 | 0 | - | - | |||
| Top ten shareholders with unrestricted shares held | |||||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | |||||||
| Type | Amount | ||||||||
| Sichuan Changhong Electric Co., Ltd. | 248,457,724 | RMB ordinary shares | 248,457,724 | ||||||
| Hefei Industry Investment Holding (Group) Co., Ltd. | 47,823,401 | RMB ordinary shares | 47,823,401 | ||||||
| CHANGHONG (HK) TRADING LIMITED | 27,077,797 | Domestically listed foreign shares | 27,077,797 | ||||||
| CAO SHENGCHUN | 14,766,086 | Domestically listed foreign shares | 14,766,086 | ||||||
| Ma Guobin | 14,642,300 | RMB ordinary shares | 14,642,300 | ||||||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | 10,733,452 | RMB ordinary shares | 10,733,452 | ||||||
| Zhuhai Jinyi Assets Management Co., Ltd. - Private equity investment fund Jinyi Phase I | 10,347,600 | RMB ordinary shares | 10,347,600 | ||||||
| Philip Securities (H.K.) Co., Ltd. | 6,296,913 | Domestically listed foreign shares | 6,296,913 | ||||||
| UBS AG | 5,360,600 | RMB ordinary shares | 5,360,600 | ||||||
| Chen Qin | 4,383,888 | RMB ordinary shares | 4,383,888 | ||||||
| Explanation on associated relationship among the aforesaid shareholders | Among the above shareholders, CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co., Ltd.; except the shares of the Company directly held by Hong Kong Changhong, 6,296,913 shares of B-stock are also held through Phillip Securities (H.K.) Co., Ltd., the foregoing shareholders constitute persons of uniform action. There existed no associated relationship or belong to the concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder Equity Changes of Listed Companies among Sichuan Changhong Electric Co., Ltd, Hong Kong Changhong and other top 7 shareholders (except Philip Securities (H.K.) Co., Ltd.); “Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) ” refers to the products of Caitong Fund Management Company subscribe for privately placement of 2016; The company neither knows whether there is any association among other shareholders, nor knows whether other shareholders belong to the persons acting in concert that is stipulated in the “Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies”. | ||||||||
| Explanation on top ten common shareholders involving margin business (if applicable) | As of March 31, 2022, among the top 10 common shareholders, Ma Guobin held 13,000,000 shares of the Company through customer credit trading secured account of Founder Securities Co., Ltd., and 1,642,300 shares hold through common securities account, thus 14,642,300 shares of the Company are held in total. Shareholder- Zhuhai Jinyi Assets Management Co., Ltd. - Private equity investment fund Jinyi Phase I held 8,992,400 shares | ||||||||
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
III. Other important matters
√Applicable □Not applicable
of the Company through its customer credit trading secured account of Industrial Securities and 1,355,200 sharesthrough its common securities account, resulting in a total of 10,347,600 shares of the Company.
Overview
| Overview | Date for disclosure | Information index for temporary report disclosure |
| On March 2, 2022, the cancellation of 14,674,166 shares of domestically listed foreign shares (B-stock) repurchased was completed at the Shenzhen Branch of CSDC. Total share capital of the Company was reduced from 1,044,597,881 shares to 1,029,923,715 shares upon the completion of cancellation. | 2022-3-4 | Juchao Website: http://www.cninfo.com.cn (No. 2022-011) |
| After review and approval by the resolution of the BOD, approved the renewal of Shine Wing Accounting Firm (special general partnership) as the company's 2022 annual financial report and internal control audit firm for one year. | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012) |
| After review and approval by the resolution of the BOD and BOS, the Company agreed to change the accounting policy in accordance with relevant regulations of the Q&A with ASBE Concerned issued by the Accounting Regulatory Dept. of Ministry of Finance | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-013 and No. 2022-017) |
| After review and approval by the resolution of the BOD, its agreed that the Company and its subsidiaries shall carry out the forward foreign exchange fund trading during the period from July 1, 2022 to June 30, 2023 with trading balance not exceed $825 million (mainly including: USD, AUD, EUR, and all other foreign currencies are converted to USD), maximum settlement period for single business is not more than one year. | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012 and No. 2022-019) |
| After review and approval by the resolution of the BOD, its agreed to donate a scholarship of up to 5.65 million yuan to 11 famous universities in China within 10 years by subordinate wholly-owned subsidiary - Zhongke Meiling Cryogenic Technology Co., Ltd with purpose of supporting the development of university education and enhancing the brand reputation, social image and influence of the Company and its subsidiaries. | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012 and No. 2022-021) |
| After review and approval by the resolution of the BOD and BOS, it is agreed that the company would complete the "intelligent R&D | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-013 and No. |
| management platform construction", a sub-project of the remaining fundraising projects "intelligent manufacturing construction project" and "intelligent R&D project". and the savings on above mentioned proceeds as of December 31, 2021(final amount is based on the bank balance on the day the fund transferred), that is 5,665,621.17 yuan and the balance resulting from the difference between interest income and handling charges generated before the subsequent cancellation of the specific account for fund raising, to permanently replenish working capital of the Company for routine operation and business development. | 2022-022) | |
| After review and approval by the resolution of the BOD, its agreed to invest 10.45 million yuan in the technical transformation of the front-end production line of refrigerators in Hefei base. Established a new door shell forming line for the multi-door to improving the front-end manufacturing capability of the Company and achieved cost reduction and improve the market competitiveness of the products to meet the production demand of refrigerator products. | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012) |
| After review and approval by the resolution of the BOD, its agreed that the company and its subsidiaries apply to Industrial Bank Co., Ltd., Hefei Branch for a special credit line of bill pool of up to 400 million yuan; and apply to Ping An Bank Co., Ltd. Hefei Branch for a special credit line of bill pool of up to 300 million yuan; and apply to Jiujiang Bank Co., Ltd. Hefei Branch for a special credit line of bill pool of up to 400 million yuan. | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012 and No. 2022-023) |
IV. Quarterly financial statements(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Changhong Meiling Co., Ltd.
Unit: RMB/CNY
| Item | Ending balance | Opening balance |
| Current assets: | ||
| Monetary fund | 4,762,243,208.64 | 5,938,823,396.21 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | 233,166,145.94 | 17,997,086.19 |
| Derivative financial assets | ||
| Note receivable | 907,242.87 | 2,216,752.22 |
| Account receivable | 1,751,014,904.30 | 1,440,874,691.28 |
| Receivable financing | 1,723,363,796.40 | 1,808,109,301.56 |
| Account paid in advance | 42,228,271.87 | 29,766,797.34 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 103,056,898.08 | 111,652,635.86 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventory | 2,270,256,051.70 | 1,356,357,419.80 |
| Contract assets | 1,777,252.62 | |
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 153,827,197.49 | 124,240,934.45 |
| Total current assets | 11,041,840,969.91 | 10,830,039,014.91 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 82,169,081.13 | 86,631,660.53 |
| Investment in other equity instrument | ||
| Other non-current financial assets | 576,200,641.50 | 581,980,440.70 |
| Investment real estate | 52,670,560.06 | 53,149,934.45 |
| Fixed assets | 2,280,104,619.94 | 2,303,122,699.92 |
| Construction in progress | 103,636,394.90 | 98,469,862.45 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | 42,920,559.41 | 45,367,918.31 |
| Intangible assets | 933,200,360.90 | 953,403,100.33 |
| Expense on research and development | 110,822,447.17 | 87,728,990.86 |
| Goodwill | ||
| Long-term expenses to be apportioned | 140,885.26 |
| Deferred income tax asset | 155,683,390.82 | 147,488,353.28 |
| Other non-current assets | 3,087,780.59 | |
| Total non-current asset | 4,337,548,941.09 | 4,360,430,741.42 |
| Total assets | 15,379,389,911.00 | 15,190,469,756.33 |
| Current liabilities: | ||
| Short-term loans | 670,088,074.22 | 622,874,652.77 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | 9,007,322.83 | 12,304,272.41 |
| Derivative financial liability | ||
| Note payable | 4,211,716,538.68 | 4,839,837,317.78 |
| Account payable | 3,332,710,063.99 | 2,299,103,796.88 |
| Accounts received in advance | ||
| Contract liabilities | 357,443,604.25 | 515,004,115.23 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 199,770,704.42 | 247,044,421.56 |
| Taxes payable | 60,844,916.80 | 141,874,861.88 |
| Other account payable | 773,895,520.75 | 751,452,768.00 |
| Including: Interest payable | ||
| Dividend payable | 4,753,764.56 | 4,753,764.56 |
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 331,709,820.49 | 332,718,478.25 |
| Other current liabilities | 24,167,988.60 | 24,373,759.16 |
| Total current liabilities | 9,971,354,555.03 | 9,786,588,443.92 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 168,000,000.00 | 168,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock |
| Perpetual capital securities | ||
| Lease liability | 32,155,802.09 | 33,225,912.15 |
| Long-term account payable | 1,289,554.05 | 1,337,643.24 |
| Long-term wages payable | 9,303,179.92 | 9,828,300.06 |
| Accrual liability | 11,333,409.09 | 11,363,601.63 |
| Deferred income | 169,960,107.90 | 175,664,038.83 |
| Deferred income tax liabilities | 8,902,951.71 | 9,670,435.45 |
| Other non-current liabilities | ||
| Total non-current liabilities | 400,945,004.76 | 409,089,931.36 |
| Total liabilities | 10,372,299,559.79 | 10,195,678,375.28 |
| Owner’s equity: | ||
| Share capital | 1,029,923,715.00 | 1,044,597,881.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 2,670,335,694.07 | 2,682,829,400.26 |
| Less: Treasury shares | 26,430,571.38 | |
| Other comprehensive income | -21,272,985.82 | -20,903,270.57 |
| Reasonable reserve | ||
| Surplus public reserve | 423,111,236.90 | 423,111,236.90 |
| Provision of general risk | ||
| Retained profit | 739,277,372.23 | 734,129,724.00 |
| Total owner’ s equity attributable to parent company | 4,841,375,032.38 | 4,837,334,400.21 |
| Minority interests | 165,715,318.83 | 157,456,980.84 |
| Total owner’ s equity | 5,007,090,351.21 | 4,994,791,381.05 |
| Total liabilities and owner’ s equity | 15,379,389,911.00 | 15,190,469,756.33 |
Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
2. Consolidated Profit Statement
Unit: RMB/CNY
| Item | Current period | Last period |
| I. Total operating income | 4,012,925,239.44 | 4,130,121,476.44 |
| Including: Operating income | 4,012,925,239.44 | 4,130,121,476.44 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 4,011,460,060.46 | 4,114,082,728.16 |
| Including: Operating cost | 3,505,133,832.06 | 3,462,713,769.04 |
| 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 | 29,031,104.40 | 27,280,660.16 |
| Sales expense | 335,122,981.27 | 470,854,477.88 |
| Administrative expense | 74,774,111.15 | 69,868,119.38 |
| R&D expense | 108,762,671.65 | 84,849,522.84 |
| Financial expenses | -41,364,640.07 | -1,483,821.14 |
| Including: Interest expenses | 11,459,855.40 | 19,017,594.62 |
| Interest income | 34,441,441.46 | 32,955,063.89 |
| Add: other income | 26,202,120.61 | 13,160,582.16 |
| Investment income (Loss is listed with “-”) | 7,547,051.46 | 31,431,230.42 |
| Including: Investment income on affiliated company and joint venture | 2,224,748.61 | -7,098,168.49 |
| The termination of income recognition for financial assets measured by amortized cost | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | -1,533,990.67 | -17,465,727.43 |
| Loss of credit impairment (Loss is listed with “-”) | -13,619,904.38 | -14,975,095.55 |
| Losses of devaluation of asset (Loss is listed with “-”) | -12,316,116.48 | -14,938,223.91 |
| Income from assets disposal (Loss is listed with “-”) | 3,689,706.71 | -132,879.85 |
| III. Operating profit (Loss is listed with “-”) | 11,434,046.23 | 13,118,634.12 |
| Add: Non-operating income | 1,073,158.74 | 4,126,563.91 |
| Less: Non-operating expense | 795,726.90 | 450,581.59 |
| IV. Total profit (Loss is listed with “-”) | 11,711,478.07 | 16,794,616.44 |
| Less: Income tax expense | -1,669,169.27 | 5,426,757.07 |
| V. Net profit (Net loss is listed with “-”) | 13,380,647.34 | 11,367,859.37 |
| (i) Classify by business continuity | ||
| 1. Net profit from continuing operations (net loss listed with “-”) | 13,380,647.34 | 11,367,859.37 |
| 2. Net profit from termination of operations (net loss listed with “-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 5,147,648.23 | 5,297,826.42 |
| 2.Minority shareholders’ gains and losses | 8,232,999.11 | 6,070,032.95 |
| VI. Net after-tax of other comprehensive income | -344,376.37 | -1,223,856.13 |
| Net after-tax of other comprehensive income attributable to owners of parent company | -369,715.25 | -751,052.75 |
| (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 | -369,715.25 | -751,052.75 |
| 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 | -369,715.25 | -751,052.75 |
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 25,338.88 | -472,803.38 |
| VII. Total comprehensive income | 13,036,270.97 | 10,144,003.24 |
| Total comprehensive income attributable to owners of parent Company | 4,777,932.98 | 4,546,773.67 |
| Total comprehensive income attributable to minority shareholders | 8,258,337.99 | 5,597,229.57 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0050 | 0.0051 |
| (ii) Diluted earnings per share | 0.0050 | 0.0051 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuanbefore combination, and realized 0.00 Yuan at last period for combined party.Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
3. Consolidated Cash Flow Statement
Unit: RMB/CNY
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 3,914,069,915.96 | 3,373,434,107.23 |
| 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 | 137,758,875.67 | 143,775,589.37 |
| Other cash received concerning operating activities | 39,337,433.81 | 20,772,768.09 |
| Subtotal of cash inflow arising from operating activities | 4,091,166,225.44 | 3,537,982,464.69 |
| Cash paid for purchasing commodities and receiving labor service | 4,337,604,502.71 | 3,693,784,072.40 |
| 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 | 448,108,157.26 | 460,407,255.70 |
| Taxes paid | 132,796,426.52 | 81,424,772.89 |
| Other cash paid concerning operating activities | 237,160,586.02 | 270,888,821.50 |
| Subtotal of cash outflow arising from operating activities | 5,155,669,672.51 | 4,506,504,922.49 |
| Net cash flows arising from operating activities | -1,064,503,447.07 | -968,522,457.80 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 1,539,824.00 | |
| Cash received from investment income | 11,003,504.00 | |
| Net cash received from disposal of fixed, intangible and other long-term assets | 8,304,653.60 | 226,967.80 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 52,685,195.90 | 65,932,678.99 |
| Subtotal of cash inflow from investing activities | 73,533,177.50 | 66,159,646.79 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 71,711,824.73 | 86,274,381.23 |
| Cash paid for investment | 220,000,000.00 | 1,000,000,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained |
| Other cash paid concerning investing activities | 700.67 | 24,740.79 |
| Subtotal of cash outflow from investing activities | 291,712,525.40 | 1,086,299,122.02 |
| Net cash flows arising from investing activities | -218,179,347.90 | -1,020,139,475.23 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | 15,000,000.00 | |
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | 15,000,000.00 | |
| Cash received from loans | 225,000,000.00 | 647,079,820.49 |
| Other cash received concerning financing activities | 4,466,696.88 | 3,982,026.24 |
| Subtotal of cash inflow from financing activities | 229,466,696.88 | 666,061,846.73 |
| Cash paid for settling debts | 175,000,000.00 | 904,900,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 10,261,148.45 | 19,467,766.75 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | 4,144,046.56 | 6,339,329.84 |
| Subtotal of cash outflow from financing activities | 189,405,195.01 | 930,707,096.59 |
| Net cash flows arising from financing activities | 40,061,501.87 | -264,645,249.86 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 398,221.49 | -3,538,183.05 |
| V. Net increase of cash and cash equivalents | -1,242,223,071.61 | -2,256,845,365.94 |
| Add: Balance of cash and cash equivalents at the period-begin | 5,840,194,931.57 | 6,425,529,815.10 |
| VI. Balance of cash and cash equivalents at the period-end | 4,597,971,859.96 | 4,168,684,449.16 |
(ii) Audit reportWhether the 1
st
quarterly report has been audited or not
□Yes √ No
The 1st
quarterly report of the Company has not been audited.
Board of Directors ofChanghong Meiling Co., Ltd.April 20, 2022