Anhui Zhongding Sealing Parts Co.,Ltd.
Interim Report of the First Quarter 2023
Stock Abbreviation: Zhongding Stock
Stock code: 000887
April 2023
The Company and all members of the Board of Directors have guaranteed that the information disclosed is true,accurate and complete, and contains no false record, misleading statements or material omissions.
Important Notice：
1. Board of Directors, the Supervisory Committee as well as all the directors, supervisors and seniormanagement staff of Anhui Zhongding Sealing Parts Co., Ltd. (hereinafter referred to as the “Company”)have guaranteed that this Report contains no false record, misleading statement or material omission andshall be jointly and severally liable for the factuality, accuracy and completeness of the information given inthis Report.
2. CEO of the Company, CFO of the Company, and Chief Accountant of Accounting Institution declared thatthe quarterly financial statements should be true, accurate and complete.In case of any discrepancy, the Chinese version of the report shall prevail.
3. Whether the first quarter report was audited
□ Yes √ No
1. The Main Financial Data
(1) Main accounting data and financial indicators
Whether the company needs to retrospectively adjust or restate accounting data for previous years? Yes □ No
Unit: yuan
| From 1 January 2023 to 31 March 2023 | From 1 January 2022 to 31 March 2022 | YoY Change | |
| Operating Revenues | 3,859,400,993.20 | 3,358,614,316.90 | 14.91% |
| Net profit attributable to shareholders of the Company | 262,384,653.95 | 250,777,979.73 | 4.63% |
| Net profit attributable to shareholders of the Company before non-recurring gains and losses | 214,991,122.97 | 214,306,911.48 | 0.32% |
| Net cash flows from operating activities | 238,881,856.59 | 209,723,851.90 | 13.90% |
| Basic earnings per share (RMB Yuan /share) | 0.20 | 0.20 | 0.00% |
| Diluted earnings per share (RMB Yuan /share) | 0.20 | 0.20 | 0.00% |
| Weighted average return on net assets | 2.32% | 2.54% | -0.22% |
| From 1 January 2023 to 31 March 2023 | From 1 January 2022 to 31 March 2022 | YoY Change | |
| Total Assets | 21,437,503,666.86 | 21,124,309,445.51 | 1.48% |
| Net assets attributable to shareholders of the Company | 11,433,382,699.38 | 11,168,127,264.81 | 2.38% |
(2) Non-recurring gain and loss items and amounts thereof
?Applicable □N/A
Unit:yuan
| em | Item | From 1 January 2023 to 31 March | Note | ||
| Profit or loss from disposal of non-current assets (including the write-off of the provision for | 608,833.07 | ||||
| impairment of assets) | ||
| Government grants included in the current profit or loss (that is closely related to the operations of the Company, except for those of fixed quotas or amounts according to the nationally unified standards) | 14,287,696.34 | |
| Gains or losses from changes in fair value arising from the holding of trading financial assets, derivative financial assets, trading financial liabilities and derivative financial liabilities and investment income from the disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities and other debt investments, excluding the effective hedging business related to the Company’s normal business operations | 39,483,848.28 | |
| Other non-operating income or expenses except the above items | 2,468,489.82 | |
| Less: Impact of income taxes | 9,446,947.25 | |
| Impact of minority interests (after tax) | 8,389.28 | |
| Total | 47,393,530.98 |
Details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ N/A
Not Applicable to the Company.For non-recurring profit or loss items defined by the Company according to the definitions under theInterpretative Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1— Non-recurring Profit or Loss and the non-recurring profit or loss items listed in the InterpretativeAnnouncement on Information Disclosure of Companies Offering Securities to the Public No. 1 — Non-recurring Profit or Loss that have been defined as recurring profit or loss items by the Company, please providethe reasons
□ Applicable √ N/A
Not Applicable to the Company.
(3) Major Changes of Main Items in Financial Statements and Financial Indicators withinthe Report Period, as well as the Reasons for the Changes? Applicable □ N/A
| The reasons for the Changes | ||||||
| Unit:yuan | ||||||
| Item | 31 March 2023/From January to March of 2023 | 31 December 2022/From January to March of 2022 | Fluctuant Amount、Flux | Notes | ||
| Fluctuant Amount | Flux | Notes | ||||
| Trading financial assets | 1,227,670,751.12 | 741,671,102.29 | 485,999,648.83 | 65.53% | （1） | Mainly due to the increase of bank’s financing products |
| Receivables financing | 407,880,461.92 | 253,266,584.59 | 154,613,877.33 | 61.05% | （2） | Mainly due to the increase of Bank acceptance amount |
| Prepaid expense | 160,008,199.80 | 105,492,179.34 | 54,516,020.46 | 51.68% | （3） | Mainly due to the increase of sales and Lock-in material price increase risk leads to advance payment growth |
| Current portion of non-current assets | 19,000,000.00 | 38,000,000.00 | -19,000,000.00 | -50.00% | （4） | Mainly due to the decrease of Some asset disposal funds have been received |
| Investments in other equity instruments | 59,000,166.17 | 29,000,166.17 | 30,000,000.00 | 103.45% | （5） | Mainly due to the increase of investments in other equity |
| Notes payable | 662,885,146.41 | 501,998,154.07 | 160,886,992.34 | 32.05% | （6） | Mainly due to the increase of note payment ratio |
| Current portion of non-current liabilities | 187,966,185.20 | 606,272,893.68 | -418,306,708.48 | -69.00% | （7） | Mainly due to the decrease of the non-current liabilities of Zhongding Europe within one year |
| Financial income | 44,467,888.29 | 23,017,295.18 | 21,450,593.11 | 93.19% | （8） | Mainly due to the increase of interest expense and the exchange rate change |
| Credit impairment losses | -6,542,389.34 | 7,193,698.28 | -13,736,087.62 | -190.95% | （9） | Mainly due to The amount of accounts receivable was greater than the same period last year |
| Other income | 14,287,696.34 | 24,351,405.72 | -10,063,709.38 | -41.33% | （10） | Mainly due to less government subsidies was received |
| Investment income | 36,765,494.65 | 23,235,509.63 | 13,529,985.02 | 58.23% | （11） | Mainly due to the increase of Income from investment and financing |
| Non-operating expenses | 957,189.83 | 10,207,542.96 | -9,250,353.13 | -90.62% | （12） | Mainly due to the decrease of Non-operating expenses |
| Cash paid to acquire fixed assets, intangible assets and other long-term assets | 15,887,847.40 | 119,646.65 | 15,768,200.75 | 13178.97% | （13） | Mainly due to the increase of Disposal of fixed assets |
| Cash paid to acquire investments | 40,000,000.00 | 29,655,470.00 | 10,344,530.00 | 34.88% | （14） | Mainly due to the increase of foreign investment |
| Cash received from borrowings | 1,397,489,746.05 | 888,121,989.87 | 509,367,756.18 | 57.35% | （15） | Mainly due to the increase of bank borrowing |
| Cash received relating to other operating activities | 8,919,368.61 | -8,919,368.61 | -100.00% | （16） | Mainly due to The current bank acceptance margin is not withdrawn at maturity | |
| Cash repayments of borrowings | 1,265,650,333.85 | 738,734,997.86 | 526,915,335.99 | 71.33% | （17） | Mainly due to Repayment of bank borrowings |
| Cash payments relating to other financing activities | 40,528,759.77 | 15,124,345.80 | 25,404,413.97 | 167.97% | （18） | Mainly due to the increase of bank acceptance margin |
2. Shareholders and Shares
(1) Total number of common shareholders and number of preferred shareholders whosevoting rights were restored, shareholdings of the top ten common shareholders at theperiod-end
unit：share
| Total number of common shareholders at the end of the Reporting Period | 79,896 | Total number of preferred shareholders with resumed voting rights at the end of the Reporting Period (if any) | 0 | |||
| Top 10 common shareholders | ||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held at the period-end | Number of restricted shares held | Pledged or frozen shares | |
| Status | Number | |||||
| Anhui Zhongding Holding (Group) Co., LTD | Domestic non- state-owned corporation | 40.46% | 532,701,321.00 | pledged | 142,500,000.00 | |
| Hong Kong Securities Clearing Co., Ltd. | Foreign corporation | 2.16% | 28,476,643.00 | |||
| Everyone Life Insurance Co., LTD. - Universal Products | Others | 1.71% | 22,468,390.00 | |||
| Abu dhabi Investment Authority | Foreign corporation | 1.02% | 13,402,663.00 | |||
| China Life Insurance Co Ltd.－Tradtional－General insurance product-005L-CT001shen | Others | 0.82% | 10,776,881.00 | |||
| National Social Security Fund 102 portfolio | Others | 0.81% | 10,671,828.00 | |||
| Miaosu | Domestic natural person | 0.80% | 10,546,102.00 | |||
| Shanghai Gao Yi Asset Management Partnership (limited partnership) - Gao Yi Liwei select real | Others | 0.66% | 8,690,892.00 | |||
| funds | ||||||
| Industrial and Commercial Bank of China Limited - China-Europe Times Pioneer equity initiated securities investment Fund | Others | 0.65% | 8,563,198.00 | |||
| Ping An Bank Co., Ltd.Boshi Growth Pilot flexible allocation of hybrid securities investment funds | Others | 0.63% | 8,333,050.00 | |||
| Top 10 non-restricted common shareholders | ||||||
| Name of shareholder | Number of non-restricted shares held | Type of shares | ||||
| Type of shares | Number | |||||
| Anhui Zhongding Holding (Group) Co., LTD | 532,701,321.00 | RMB common stock | 532,701,321.00 | |||
| Hong Kong Securities Clearing Co., Ltd. | 28,476,643.00 | RMB common stock | 28,476,643.00 | |||
| Everyone Life Insurance Co., LTD. - Universal Products | 22,468,390.00 | RMB common stock | 22,468,390.00 | |||
| Abu dhabi Investment Authority | 13,402,663.00 | RMB common stock | 13,402,663.00 | |||
| China Life Insurance Co Ltd.－Tradtional－General insurance product-005L-CT001Shanghai | 10,776,881.00 | RMB common stock | 10,776,881.00 | |||
| National Social Security Fund 102 portfoliodr dr | 10,671,828.00 | RMB common stock | 10,671,828.00 | |||
| Miaosu | 10,546,102.00 | RMB common stock | 10,546,102.00 | |||
| Shanghai Gao Yi Asset Management Partnership (limited partnership) - Gao Yi Liwei select real funds | 8,690,892.00 | RMB common stock | 8,690,892.00 | |||
| Industrial and Commercial Bank of China Limited - China-Europe Times Pioneer equity initiated securities investment Fund | 8,563,198.00 | RMB common stock | 8,563,198.00 | |||
| Ping An Bank Co., Ltd.Boshi Growth Pilot flexible allocation of hybrid securities investment funds | 8,333,050.00 | RMB common stock | 8,333,050.00 | |||
| Related or acting-in-concert parties among shareholders above | The company does not know whether there is an associated relationship between the shareholders, and whether it is a person acting in concert stipulated in the Administrative Measures for the Disclosure of | |||||
| Information on Changes in Shareholdings of Shareholders of Listed Companies. | |
| Notes on the existence of repurchase specialized accounts among the top 10 shareholders (if any) | As of December 31, 2022, Miaosu, one of the top 10 shareholders of the company, held 9,947,441 shares of the company through the customer credit transaction guarantee securities account of Huaxi Securities Co., Ltd. |
(2) Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders andTheir Shareholdings
□ Applicable √ N/A
3. Other Important Matters
□ Applicable √ N/A
4. Quarterly Financial Statements
(1) Financial Statements
a. Consolidated Balance SheetPrepared by：Anhui Zhongding Sealing Parts., Ltd.
29 April 2023
Unit：yuan
| Item | 31 March 2023 | 31 December 2022 |
| Current assets: | ||
| Cash at bank and on hand | 1,643,569,479.46 | 1,923,617,230.68 |
| Deposit reservation for balance | ||
| Lending funds | ||
| Trading financial assets | 1,227,670,751.12 | 741,671,102.29 |
| Derivative financial assets | 796,815.24 | 789,202.73 |
| Notes receivable | 362,852,073.58 | 404,958,408.13 |
| Accounts receivable | 3,542,779,938.54 | 3,505,909,956.11 |
| Receivables financing | 407,880,461.92 | 253,266,584.59 |
| Prepaid expense | 160,008,199.80 | 105,492,179.34 |
| Premium receivable | ||
| Reinsurance accounts receivable | ||
| Provision of cession receivable | ||
| Other receivables | 242,471,094.56 | 193,476,793.78 |
| Including: interest receivable | ||
| Dividend receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 3,120,755,821.02 | 3,258,238,827.31 |
| Contract assets | 236,407,046.93 | 229,283,057.16 |
| Holding assets for sale | ||
| Current portion of non-current assets | 19,000,000.00 | 38,000,000.00 |
| Other current assets | 1,010,689,064.98 | 1,072,614,384.18 |
| Total current assets | 11,974,880,747.15 | 11,727,317,726.30 |
| Non-current assets: | ||
| Issuance of loans and advances | ||
| Equity expense | ||
| Other equity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 276,700,845.22 | 275,007,143.63 |
| Investments in other equity instruments | 59,000,166.17 | 29,000,166.17 |
| Other non-current financial assets | 226,067,316.95 | 213,298,887.08 |
| Investment properties | ||
| Fixed assets | 4,288,374,029.96 | 4,309,162,421.76 |
| Construction in progress | 668,155,320.15 | 593,076,684.70 |
| Productive biological asset | ||
| Oil and gas assets | ||
| Right-of-use assets | 310,827,487.09 | 323,995,986.62 |
| Intangible assets | 629,854,610.91 | 634,351,082.66 |
| Development expenditures | ||
| Goodwill | 2,373,406,383.27 | 2,358,624,311.00 |
| Long-term prepaid expenses | 83,361,052.70 | 94,574,628.85 |
| Deferred tax assets | 347,152,339.80 | 350,607,130.25 |
| Other non-current assets | 199,723,367.49 | 215,293,276.49 |
| Total non-current assets | 9,462,622,919.71 | 9,396,991,719.21 |
| TOTAL ASSETS | 21,437,503,666.86 | 21,124,309,445.51 |
| Current liabilities: | ||
| Short-term borrowings | 2,502,859,248.40 | 2,267,874,557.23 |
| Loans from the central bank | ||
| Loans from other banks | ||
| Trading financial liabilities | ||
| Derivative financial liability | 2,818,457.21 | 2,890,576.58 |
| Notes payable | 662,885,146.41 | 501,998,154.07 |
| Accounts payable | 2,485,876,308.59 | 2,844,416,077.10 |
| Unearned revenue | ||
| Contract liabilities | 50,664,202.05 | 45,109,850.66 |
| Financial assets sold for repurchase | ||
| Deposits from customers and interbank | ||
| Receiving from vicariously traded securities | ||
| Receiving from vicariously sold securities | ||
| Payroll payable | 334,120,145.23 | 352,639,966.57 |
| Tax payable | 182,410,657.92 | 175,623,893.33 |
| Other payables | 208,597,421.86 | 188,014,434.76 |
| Including: Interest payable | ||
| Dividend payable | 1,185.84 | 1,185.84 |
| Handling fees and commissions payable | ||
| Dividend payable for reinsurance | ||
| Holding liabilities for sale | ||
| Current portion of non-current liabilities | 187,966,185.20 | 606,272,893.68 |
| Other current liabilities | 5,644,060.90 | 5,140,327.35 |
| Total current liabilities | 6,623,841,833.77 | 6,989,980,731.33 |
| Non-current liabilities | ||
| Reserve fund for insurance contracts | ||
| Long-term borrowings | 2,546,462,008.69 | 2,116,673,746.24 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual bonds | ||
| Lease liabilities | 225,817,240.08 | 251,606,745.78 |
| Long-term payables | ||
| Long-term payroll payable | 119,390,236.66 | 117,005,295.30 |
| Accrued liabilities | 55,784,257.49 | 54,871,715.06 |
| Deferred income | 231,824,600.96 | 217,838,737.64 |
| Deferred tax liabilities | 168,059,978.57 | 173,941,323.83 |
| Other non-current liabilities | ||
| Total non-current liabilities | 3,347,338,322.45 | 2,931,937,563.85 |
| Total liabilities | 9,971,180,156.22 | 9,921,918,295.18 |
| Shareholders’ equity | ||
| Share capital | 1,316,489,747.00 | 1,316,489,747.00 |
| Other equity instruments | ||
| Including: Preferred stock | ||
| Perpetual bond | ||
| Capital surplus | 3,424,781,748.55 | 3,424,781,748.55 |
| Less: Treasury stock | ||
| Other comprehensive income | -197,190,259.28 | -200,084,624.82 |
| Special reserve | 1,898,223.83 | 1,921,808.75 |
| Surplus reserve | 649,957,479.32 | 649,957,479.32 |
| General risk reserve | ||
| Undistributed profits | 6,237,445,759.96 | 5,975,061,106.01 |
| Total equity attributable to shareholders of the Company | 11,433,382,699.38 | 11,168,127,264.81 |
| Minority interests | 32,940,811.26 | 34,263,885.52 |
| Total shareholders’ equity | 11,466,323,510.64 | 11,202,391,150.33 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 21,437,503,666.86 | 21,124,309,445.51 |
Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian
b. Consolidated Income Statements for the Three Months Ended 31March 2023
Unit：yuan
| Item | For the three months ended 31 March 2023 | For the three months ended 31 March 2022 |
| Total revenue | 3,859,400,993.20 | 3,358,614,316.90 |
| Including: Operating revenue | 3,859,400,993.20 | 3,358,614,316.90 |
| Interest income | ||
| Earned Premium | ||
| Handling fees and commission income | ||
| Total revenue | 3,600,800,012.88 | 3,088,758,304.36 |
| Including: Operating revenue | 3,056,477,627.02 | 2,616,341,043.93 |
| Interest income | ||
| Handling fees and commission expenses | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net provision for insurance liability | ||
| Bond insurance expense | ||
| Amortized Reinsurance Expenditures | ||
| Taxes and surcharges | 24,452,249.57 | 19,954,146.86 |
| Selling and distribution expenses | 96,255,174.41 | 88,766,015.66 |
| General and administrative expenses | 200,838,363.61 | 187,522,268.57 |
| Research and development expenses | 178,308,709.98 | 153,157,534.16 |
| Financial income | 44,467,888.29 | 23,017,295.18 |
| Including: Interest expenses | 43,157,332.21 | 31,789,711.86 |
| Interest income | 8,978,130.23 | 4,628,464.74 |
| Add: Other income | 14,287,696.34 | 24,351,405.72 |
| Investment income/(loss) | 36,765,494.65 | 23,235,509.63 |
| Including: Investment income from associates and joint ventures | 1,635,131.69 | -149,584.16 |
| Including: Profits or losses arising from derecognition of financial assets measured at amortized costs | ||
| Foreign exchange gains/(losses) | ||
| Net exposure to hedging gains/(losses) | ||
| Gains/(Losses) on changes in fair value | 2,938,054.78 | 2,582,996.52 |
| Credit impairment losses | 6,542,389.34 | -7,193,698.28 |
| Asset impairment losses | -8,374,105.27 | -8,973,257.58 |
| Losses on disposal of assets | 396,447.06 | 1,622,687.95 |
| Operating profit | 311,156,957.22 | 305,481,656.50 |
| Add: Non-operating income | 3,418,364.51 | 4,569,442.18 |
| Less: Non-operating expenses | 957,189.83 | 10,207,542.96 |
| Total profit | 313,618,131.90 | 299,843,555.72 |
| Less: Income tax expenses | 53,690,901.45 | 50,199,269.72 |
| Net Profit | 259,927,230.45 | 249,644,286.00 |
| (1) Classified by continuity of operations | ||
| Net profit from continuing operations | 259,927,230.45 | 249,644,286.00 |
| Net profit from discontinued operations | ||
| (2) Classified by ownership of the equity | ||
| Attributable to shareholders of the Company | 262,384,653.95 | 250,777,979.73 |
| Minority interests | -2,457,423.50 | -1,133,693.73 |
| Other comprehensive income, net of tax | 2,894,365.54 | -54,630,111.64 |
| Other comprehensive income attributable to equity owners of the Company, net of tax | 2,894,365.54 | -54,630,111.64 |
| (1) Other comprehensive income items which will not be reclassified subsequently to profit or loss | -1,110,917.35 | 2,185,932.46 |
| 1) Changes arising from remeasurement of defined benefit plan | -1,110,917.35 | 2,185,932.46 |
| 2) Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| 3) Changes in fair value of investments in other equity instruments | ||
| 4) Changes in fair value of an enterprise's own credit risk | ||
| 5) Others | ||
| (2) Other comprehensive income items which will be reclassified subsequently to profit or loss | 4,005,282.89 | -56,816,044.10 |
| 1) Other comprehensive income available for transfer to profit or loss under the equity method | ||
| 2) Changes in fair value of other debt investments | ||
| 3) Reclassification of financial assets to other comprehensive income | ||
| 4) Provision for credit impairment of other debt investments |
| 5) Cash flow hedge reserve | ||
| 6) Exchange differences on translating foreign operations | 4,005,282.89 | -56,816,044.10 |
| 7) Others | ||
| Other comprehensive income attributable to minority shareholders, net of tax | ||
| Total comprehensive income | 262,821,595.99 | 195,014,174.36 |
| Attributable to equity owners of the Company | 265,279,019.49 | 196,147,868.09 |
| Attributable to minority interests | -2,457,423.50 | -1,133,693.73 |
| Earnings per share: | ||
| (1) Basic earnings per share | 0.20 | 0.20 |
| (2) Diluted earnings per share | 0.20 | 0.20 |
In the case of a business combination under the same control in the current period, the net income realized by the party beingconsolidated before the combination was: RMB , and the net income realized by the party being consolidated in the previousperiod was: RMB.Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian
c. Consolidated Cash Flow Statements
Unit：yuan
| Item | For the three months ended 31 March 2023 | For the three months ended 31 March 2022 |
| 1. Cash flows from operating activities | ||
| Cash received from sales of goods or rendering of services | 3,606,015,691.53 | 3,326,376,085.76 |
| Net increase in customer deposits and deposits from banks and other financial institutions | ||
| Net decrease in deposits with the Central Bank | ||
| Net decrease in deposits with other financial institutions | ||
| Cash received from premiums of original insurance contracts | ||
| Net cash received from reinsurance operations | ||
| Net increase in policyholders' savings and investment funds | ||
| Cash received from interest, fee and commission | ||
| Net increase in borrowed funds | ||
| Net increase in funds for repurchase operations |
| Net cash received from agency purchases and sales of securities | ||
| Refund of taxes and surcharges | 8,697,755.86 | 7,451,618.66 |
| Cash received relating to other operating activities | 45,388,647.01 | 39,754,462.31 |
| Sub-total of cash inflows | 3,660,102,094.40 | 3,373,582,166.73 |
| Cash paid for goods and services | 2,086,765,192.24 | 1,860,512,796.19 |
| Net increase in loans and advances to customers | ||
| Deposits from banks and other financial institutions | ||
| Cash payment of benefits from the original insurance contract | ||
| Net increase in funds removed | ||
| Cash paid for interest, fee and commission | ||
| Cash paid as policy dividends | ||
| Cash paid to and on behalf of employees | 955,939,456.39 | 933,798,304.30 |
| Payments of taxes and surcharges | 211,944,307.24 | 208,097,132.65 |
| Cash paid relating to other operating activities | 166,571,281.94 | 161,450,081.69 |
| Sub-total of cash outflows | 3,421,220,237.81 | 3,163,858,314.83 |
| Net cash flows from operating activities | 238,881,856.59 | 209,723,851.90 |
| 2. Cash flows from investing activities | ||
| Cash received from disposal of investments | ||
| Cash received from returns on investments | 500,000.00 | |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 15,887,847.40 | 119,646.65 |
| Net cash received from disposal of subsidiaries and other business units | ||
| Cash received relating to other investing activities | 1,641,393,607.89 | 1,753,424,136.96 |
| Sub-total of cash inflows | 1,657,781,455.29 | 1,753,543,783.61 |
| Cash paid to acquire fixed assets, intangible assets and other long- term assets | 199,818,909.75 | 192,747,495.16 |
| Cash paid to acquire investments | 40,000,000.00 | 29,655,470.00 |
| Net increase in pledged loans | ||
| Net cash paid to acquire subsidiaries and other business units | 32,341,140.57 |
| Cash paid relating to other investing activities | 1,996,322,345.89 | 2,129,984,321.50 |
| Sub-total of cash outflows | 2,268,482,396.21 | 2,352,387,286.66 |
| Net cash flows from investing activities | -610,700,940.92 | -598,843,503.05 |
| 3. Cash flows from financing activities | ||
| Cash received from capital contributions | 1,300,000.00 | |
| Including: Cash received from capital contributions by minority shareholders of subsidiaries | 1,300,000.00 | |
| Cash received from borrowings | 1,397,489,746.05 | 888,121,989.87 |
| Cash received relating to other financing activities | 8,919,368.61 | |
| Sub-total of cash inflows | 1,398,789,746.05 | 897,041,358.48 |
| Cash repayments of borrowings | 1,265,650,333.85 | 738,734,997.86 |
| Cash payments for interest expenses and distribution of dividends or profits | 29,923,707.61 | 31,941,329.19 |
| Including: Cash payments for dividends or profit to minority shareholders of subsidiaries | ||
| Cash payments relating to other financing activities | 40,528,759.77 | 15,124,345.80 |
| Sub-total of cash outflows | 1,336,102,801.23 | 785,800,672.85 |
| Net cash flows from financing activities | 62,686,944.82 | 111,240,685.63 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | 6,230,901.84 | -4,672,131.26 |
| 5. Net increase in cash and cash equivalents | -302,901,237.67 | -282,551,096.78 |
| Add: Cash and cash equivalents at the beginning of the period | 1,867,819,580.09 | 1,631,317,104.81 |
| 6. Cash and cash equivalents at the end of the period | 1,564,918,342.42 | 1,348,766,008.03 |
(2) Auditing Report
Whether the first quarterly report was audited
□ Yes √ No
The first quarterly report was not audited.