Anhui Zhongding Sealing Parts Co.,Ltd.
Report of Q3 2023
Stock Abbreviation: Zhongding Stock
Stock code: 000887
October 2023
The Company and all members of the Board of Directors have guaranteedthat the information disclosed is true, accurate and complete, and contains nofalse record, misleading statements or material omissions.
Important Notice：
1. Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior
management 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.
3. Whether the third quarter report has been audited
□ Yes √ No
Note:
This Report has been prepared in both Chinese and English version, and the English version is for referenceonly. Should there be any discrepancies or misunderstandings between the two versions, the Chineseversions shall prevail.
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
| Q3 2023 | YoY Change(%) between 2023 Q3 and 2022 Q3 | Q1-Q3 2023 | YoY Change(%) between 2023 Q1~Q3 and 2022 Q1~Q3 | |
| Operating revenue (RMB ) | 4,585,492,677.58 | 24.42% | 12,774,099,548.15 | 24.52% |
| Net profit attributable to shareholders of the listed company (RMB) | 344,627,668.75 | 23.10% | 875,838,601.48 | 16.70% |
| Net profit attributable to shareholders of the the listed company before non-recurring gains and losses (RMB) | 272,918,418.41 | 33.22% | 727,091,192.13 | 20.07% |
| Net cash flows from operating activities (RMB) | — | — | 657,234,744.07 | 7.53% |
| Basic earnings per share (RMB/share) | 0.27 | 28.57% | 0.67 | 15.52% |
| Diluted earnings per share (RMB/share) | 0.27 | 28.57% | 0.67 | 15.52% |
| Weighted average ROE | 2.92% | 0.15% | 7.64% | 0.09% |
| End of the reporting period | End of last year | Increase/decrease at the end of the reporting period compared with the end of last year | ||
| Total Assets (RMB) | 22,484,412,477.58 | 21,124,309,445.51 | 6.44% | |
| Net assets attributable to shareholders of the listed company (RMB) | 11,788,275,561.42 | 11,168,127,264.81 | 5.55% | |
(2) Non-recurring gain and loss items and amounts thereof
?Applicable □N/A
Unit: RMB
| Item | Q3 2023 | Q1-Q3 2023 | Note |
| Gains or losses on disposal of non-current assets (including the part written-off with provision for asset impairment accrued) | 44,362,468.60 | 42,783,586.85 | |
| Government grants recognized in current gain and loss (excluding grants entitled to in quota or ration according to certain criteria under national policies and which is closely relevant to the company’s normal business operations) | 32,046,434.71 | 55,432,383.22 | |
| Except for effective hedging business related to the normal business operations of the company, changes in gains and losses of fair value arising from trading financial assets, trading financial liabilities, investment income obtained from disposal of trading financial assets, trading financial liabilities and available-for-sale financial assets | 15,713,541.01 | 81,304,308.49 | |
| Other non-operating income or expenses except the above items | 1,419,067.79 | 5,725,986.98 | |
| Less: Impact of income tax | 20,082,091.64 | 34,905,523.42 | |
| Impact of the minority interests (after tax) | 1,750,170.13 | 1,593,332.77 | |
| Total | 71,709,250.34 | 148,747,409.35 | -- |
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.
Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 ExplanatoryAnnouncement on Information Disclosure of Companies Offering Securities to the Public—Non-recurring Profitand Loss as recurring profit and loss items during the reporting period
□ Applicable √ N/A
Not Applicable to the Company.
(3) Major Changes of Main Items in Financial Statements and Financial Indicators within
the Report Period, as well as the Reasons for Change? Applicable √ N/A
| The Reasons for Change | ||||||
| UUnit:RMB | ||||||
| Item | 30th September 2023/Jan.~Sep. 2023 | 31st December 2022/Jan.~Sep.2022 | Fluctuant Amount、Flux | Notes | ||
| Fluctuant Amount | Flux | Notes | ||||
| Notes receivable | 272,558,402.89 | 404,958,408.13 | -132,400,005.24 | -32.69% | （1） | Mainly due to the decrease in the payment ratio of commercial acceptance instruments in the current period |
| Receivables financing | 497,832,516.04 | 253,266,584.59 | 244,565,931.45 | 96.56% | （2） | Mainly due to the increase in the payment ratio of current bills |
| Prepaid expense | 172,547,696.37 | 105,492,179.34 | 67,055,517.03 | 63.56% | （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 |
| Construction in progress | 773,825,029.01 | 593,076,684.70 | 180,748,344.31 | 30.48% | （6） | Mainly due to the increase in production plant and equipment by the subsidiary during the period |
| Current portion of non-current liabilities | 171,099,777.92 | 606,272,893.68 | -435,173,115.76 | -71.78% | （7） | Mainly due to the decrease of the non-current liabilities of Zhongding Europe within one year |
| Financial expenses | 94,029,393.40 | 33,870,191.85 | 60,159,201.55 | 177.62% | （8） | Mainly due to the increase in interest rates on euro loans |
| during the period | ||||||
| Gain/loss on changes in fair value | 7,818,248.17 | 20,875,811.51 | -13,057,563.34 | -62.55% | （9） | Mainly due to the decrease of changes in the fair share value of trading financial assets |
| Asset impairment loss | -23,211,091.30 | -62,703,406.21 | 39,492,314.91 | -62.98% | （10） | Mainly due to the decrease of the amount of inventory changes in the current period being less than the same period last year |
| Gain/loss on disposal of assets | -1,975,304.68 | 3,967,011.74 | -5,942,316.42 | -149.79% | （11） | Mainly due to the decrease of disposal of long-term assets by major subsidiaries |
| Non-operating income | 10,109,591.76 | 52,614,054.51 | -42,504,462.75 | -80.79% | （12） | Mainly due to the decrease of in non-operating income during the period |
| Non-operating expenses | 4,383,604.78 | 44,525,869.93 | -40,142,265.15 | -90.15% | （13） | Mainly due to the decrease of in non-operating expenses during the period |
| Income tax expenses | 181,364,270.56 | 115,320,185.88 | 66,044,084.68 | 57.27% | （14） | Mainly due to the increase of profit during the period and the increase in deferred income tax expense |
| Cash paid for goods purchased and services received | 7,209,410,824.85 | 5,517,525,754.89 | 1,691,885,069.96 | 30.66% | （15） | Mainly due to the increase of sales and Lock-in material price increase risk leads to advance payment growth |
| Cash received from the return on investment | 6,712,173.01 | 313,491.07 | 6,398,681.94 | 2041.11% | （16） | Mainly due to the increase in investment income received during the period |
| Net cash received from the disposal of fixed assets, intangible assets and | 17,753,661.31 | 4,485,429.28 | 13,268,232.03 | 295.81% | （17） | Mainly due to increase of the receipt of payment for the sale of assets during the period |
| other long-term assets | ||||||
| Net cash received from the disposal of subsidiaries and other business units | 130,823,912.13 | - | 130,823,912.13 | （18） | Mainly due to the increase in the amount received from the sale of subsidiary equity during the period | |
| Cash paid for investments | 72,341,140.57 | 244,722,125.00 | -172,380,984.43 | -70.44% | （19） | Mainly due to the decrease in foreign investment payments during the period |
| Cash received relating to other financing activities | 40,075,403.31 | 27,595,246.12 | 12,480,157.19 | 45.23% | （20） | Mainly due to increase of the withdrawal of acceptance deposits in the current period |
| Cash paid for repayment of debts | 2,413,121,972.81 | 1,587,090,481.24 | 826,031,491.57 | 52.05% | （21） | Mainly due to the increase in repayable bank loans |
| Cash paid relating to other investing activities | 110,152,537.66 | 47,917,936.14 | 62,234,601.52 | 129.88% | （22） | Mainly due to increase of the payment of bank acceptance deposits in the current period |
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 | 72,525 | 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., | Domestic non- state-owned corporation | 40.46% | 532,701,321.00 | pledged | 142,500,000 | |
| LTD | ||||||
| Hong Kong Securities Clearing Co., Ltd. | Foreign corporation | 2.26% | 29,765,730.00 | |||
| National Social Security Fund 102 portfolio | Others | 1.44% | 18,932,794.00 | |||
| Everyone Life Insurance Co., LTD. - Universal Products | Others | 1.03% | 13,604,990.00 | |||
| Abu dhabi Investment Authority | Foreign corporation | 0.98% | 12,890,263.00 | |||
| Miaosu | Domestic natural person | 0.78% | 10,283,602.00 | |||
| China Life Insurance Co Ltd.－Tradtional－General insurance product-005L-CT001shanghai | Others | 0.77% | 10,167,381.00 | |||
| Ping An Bank Co., Ltd.Boshi Growth Pilot flexible allocation of hybrid securities investment funds | Others | 0.75% | 9,938,950.00 | |||
| Shanghai Pudong Development Bank Co., LTd.-Yi Fangda Yuxiang Return Bond securities Investment Fund | Others | 0.62% | 8,118,072.00 | |||
| Industrial and Commercial Bank of China | Others | 0.55% | 7,234,198.00 |
| Limited - China-Europe Times Pioneer equity initiated securities investment Fund | |||||
| 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. | 29,765,730.00 | RMB common stock | 29,765,730.00 | ||
| National Social Security Fund 102 portfolio | 18,932,794.00 | RMB common stock | 18,932,794.00 | ||
| Everyone Life Insurance Co., LTD.- Universal Products | 13,604,990.00 | RMB common stock | 13,604,990.00 | ||
| Abu dhabi Investment Authority | 12,890,263.00 | RMB common stock | 12,890,263.00 | ||
| Miaosu | 10,283,602.00 | RMB common stock | 10,283,602.00 | ||
| China Life Insurance Co Ltd.－Tradtional－General insurance product-005L-CT001shanghai | 10,167,381.00 | RMB common stock | 10,167,381.00 | ||
| Ping An Bank Co., Ltd.Boshi Growth Pilot flexible allocation of hybrid securities investment funds | 9,938,950.00 | RMB common stock | 9,938,950.00 | ||
| Shanghai Pudong Development Bank Co., LTd.-Yi Fangda Yuxiang Return Bond securities Investment Fund | 8,118,072.00 | RMB common stock | 8,118,072.00 | ||
| Industrial and Commercial Bank of China Limited - China-Europe Times Pioneer equity initiated securities investment Fund | 7,234,198.00 | RMB common stock | 7,234,198.00 | ||
| Explanation of the relationship or concerted action among the above shareholders | 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. | ||||
| Explanation of the top 10 shareholders’ participation in securities margin trading | As of December 31, 2023, 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 HuaxiSecurities 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 Co., Ltd.
th
October 2023
Unit:RMB
| Item | 30th September 2023 | 1st January 2023 |
| Current assets: | ||
| Monetary fund | 1,756,746,288.19 | 1,923,617,230.68 |
| Settlement provisions | ||
| Lending funds | ||
| Trading financial assets | 919,598,761.12 | 741,671,102.29 |
| Derivative financial assets | 806,426.57 | 789,202.73 |
| Notes receivable | 272,558,402.89 | 404,958,408.13 |
| Accounts receivable | 4,119,067,591.18 | 3,505,909,956.11 |
| Receivables financing | 497,832,516.04 | 253,266,584.59 |
| Prepaid expense | 172,547,696.37 | 105,492,179.34 |
| Premium receivable | ||
| Reinsurance accounts receivable | ||
| Provision of cession receivable | ||
| Other receivables | 236,211,943.02 | 193,476,793.78 |
| Including: interest receivable | ||
| Dividend receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 3,418,181,597.20 | 3,258,238,827.31 |
| Contract assets | 292,158,677.49 | 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 | 1,052,517,811.69 | 1,072,614,384.18 |
| Total current assets | 12,757,227,711.76 | 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 | 270,758,352.18 | 275,007,143.63 |
| Investments in other equity instruments | 59,000,166.17 | 29,000,166.17 |
| Other non-current financial assets | 228,851,654.35 | 213,298,887.08 |
| Investment properties | ||
| Fixed assets | 4,403,289,450.24 | 4,309,162,421.76 |
| Construction in progress | 773,825,029.01 | 593,076,684.70 |
| Productive biological asset | ||
| Oil and gas assets | ||
| Right-of-use assets | 279,060,024.77 | 323,995,986.62 |
| Intangible assets | 607,673,879.02 | 634,351,082.66 |
| Development expenditures | ||
| Goodwill | 2,413,245,987.45 | 2,358,624,311.00 |
| Long-term prepaid expenses | 77,591,398.08 | 94,574,628.85 |
| Deferred tax assets | 357,682,560.51 | 350,607,130.25 |
| Other non-current assets | 256,206,264.04 | 215,293,276.49 |
| Total non-current assets | 9,727,184,765.82 | 9,396,991,719.21 |
| TOTAL ASSETS | 22,484,412,477.58 | 21,124,309,445.51 |
| Current liabilities: | ||
| Short-term borrowings | 2,415,039,953.87 | 2,267,874,557.23 |
| Loans from the central bank | ||
| Loans from other banks | ||
| Trading financial liabilities | ||
| Derivative financial liability | 2,852,453.95 | 2,890,576.58 |
| Notes payable | 620,827,598.09 | 501,998,154.07 |
| Accounts payable | 2,999,045,882.21 | 2,844,416,077.10 |
| Unearned revenue | ||
| Contract liabilities | 56,000,708.80 | 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 | 406,553,686.45 | 352,639,966.57 |
| Tax payable | 214,230,903.81 | 175,623,893.33 |
| Other payables | 238,300,421.45 | 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 | 171,099,777.92 | 606,272,893.68 |
| Other current liabilities | 5,167,871.66 | 5,140,327.35 |
| Total current liabilities | 7,129,119,258.21 | 6,989,980,731.33 |
| Non-current liabilities | ||
| Reserve fund for insurance contracts | ||
| Long-term borrowings | 2,728,405,664.62 | 2,116,673,746.24 |
| Bonds payable | ||
| Including: Preferred stock |
| Perpetual bonds | ||
| Lease liabilities | 205,862,323.95 | 251,606,745.78 |
| Long-term payables | ||
| Long-term payroll payable | 123,089,376.35 | 117,005,295.30 |
| Accrued liabilities | 69,211,990.15 | 54,871,715.06 |
| Deferred income | 239,317,549.66 | 217,838,737.64 |
| Deferred tax liabilities | 171,249,145.35 | 173,941,323.83 |
| Other non-current liabilities | ||
| Total non-current liabilities | 3,537,136,050.08 | 2,931,937,563.85 |
| Total liabilities | 10,666,255,308.29 | 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 | -192,453,395.38 | -200,084,624.82 |
| Special reserve | 1,898,223.84 | 1,921,808.75 |
| Surplus reserve | 649,957,479.32 | 649,957,479.32 |
| General risk reserve | ||
| Undistributed profits | 6,587,601,758.09 | 5,975,061,106.01 |
| Total equity attributable to shareholders of the Company | 11,788,275,561.42 | 11,168,127,264.81 |
| Minority interests | 29,881,607.87 | 34,263,885.52 |
| Total shareholders’ equity | 11,818,157,169.29 | 11,202,391,150.33 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 22,484,412,477.58 | 21,124,309,445.51 |
Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accountingdepartment：Zhujian
b. Consolidated income statement from the beginning of the year to the end of the reportingperiod
Unit:RMB
| Item | Q1 - Q3 2023 | Q1 - Q3 2022 |
| 1.Total revenue | 12,774,099,548.15 | 10,258,833,694.82 |
| Including: Operating revenue | 12,774,099,548.15 | 10,258,833,694.82 |
| Interest income | ||
| Earned Premium | ||
| Handling fees and commission income | ||
| 2.Total operating cost | 11,867,784,559.37 | 9,497,160,637.34 |
| Including: operating cost | 10,029,997,224.38 | 8,021,558,278.85 |
| Interest expense | ||
| Handling charge and commission expenses | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net appropriation of reserves for insurance liability | ||
| Policy dividend payment | ||
| Reinsurance costs | ||
| Taxes and surcharges | 79,897,003.73 | 65,626,971.11 |
| Selling expenses | 343,702,838.17 | 274,835,570.36 |
| Administrative expenses | 718,646,740.95 | 614,508,296.76 |
| R&D expenses | 601,511,358.74 | 486,761,328.41 |
| Financial expenses | 94,029,393.40 | 33,870,191.85 |
| Including: Interest expenses | 125,275,202.78 | 86,557,965.60 |
| Interest income | 17,200,823.79 | 13,870,335.78 |
| Add: Other income | 55,432,383.23 | 48,987,375.59 |
| Investment income (loss with "-" sign) | 118,244,951.85 | 108,186,689.05 |
| Including: return on investment in associated enterprises and joint ventures | 2,813,819.37 | -4,081,569.52 |
| Gains on derecognition of financial assets measured at amortized cost | ||
| Exchange gain (loss with "-" sign) | ||
| Net exposure hedging gain (loss with "-"sign) | ||
| Gain/loss on changes in fair value (loss with "-" sign) | 7,818,248.17 | 20,875,811.51 |
| Credit impairment loss (loss is listed with "-" sign) | -23,944,601.37 | -27,898,424.31 |
| Asset impairment loss (loss with "-" sign) | -23,211,091.30 | -62,703,406.21 |
| Gain/loss on disposal of assets (loss with "-"sign) | -1,975,304.68 | 3,967,011.74 |
| 3.Operating profit (losses are listed with "-" sign) | 1,038,679,574.68 | 853,088,114.85 |
| Add: Non-operating income | 10,109,591.76 | 52,614,054.51 |
| Less: Non-operating expenses | 4,383,604.78 | 44,525,869.93 |
| 4.Gross profit (the gross loss shall be filled in with the sign "-") | 1,044,405,561.66 | 861,176,299.43 |
| Less: Income tax expenses | 181,364,270.56 | 115,320,185.88 |
| 5.Net profit (net loss is listed with "-" sign) | 863,041,291.10 | 745,856,113.55 |
| (1) By business continuity | ||
| a. Net profit from continuing operations (net loss with "-" sign) | ||
| b. Net profit from termination of operation (net loss with "-" sign) | ||
| (2) Net profit classified by attribution of ownership | ||
| a. Net profit attributable to shareholders of the parent company (net loss with "-" sign) | 875,838,601.48 | 750,480,170.42 |
| b. Minority interest income (net loss with "-" sign) | -12,797,310.38 | -4,624,056.87 |
| 6.Other comprehensive income, net of tax | 7,631,229.44 | -32,194,584.93 |
| After-tax net of other comprehensive income attributable to the owners of parent company | 7,631,229.44 | -32,194,584.93 |
| (1) Other comprehensive income which may not be reclassified to gain and loss | -1,632,935.24 | -19,246,312.12 |
| a. Re-measurement of changes in defined benefit plans | -1,632,935.24 | |
| b. Other comprehensive income which may not be transferred to gain and loss under the equity method | ||
| c. Changes in fair value of investment in other equity instruments | -19,013,301.07 | |
| d. Changes in fair value of the credit risk of the Company | ||
| e. Others | -233,011.05 | |
| (2).Other comprehensive income which may be reclassified to gain and loss | 9,264,164.68 | -12,948,272.81 |
| a. .Other comprehensive income which may be transferred to gain and loss under the equity method |
| b. Changes in fair value of other creditors investment | ||
| c. Amount of financial assets reclassified into other comprehensive income | ||
| d. Provision for credit impairment of other creditors investments | ||
| e. Cash flow hedging reserves | ||
| f. Difference in translation of foreign currency financials | 9,264,164.68 | -12,948,272.81 |
| g. Others | ||
| Other comprehensive income attributable to equity owners of the Company, net of tax | ||
| 7.Total comprehensive income | 870,672,520.54 | 713,661,528.62 |
| (1)Total comprehensive income attributable to owners of the parent company | 883,469,830.92 | 718,285,585.49 |
| (2)Total comprehensive income attributable to minority shareholders | -12,797,310.38 | -4,624,056.87 |
| 8.Earnings per share: | ||
| (1) Basic earnings per share | 0.67 | 0.58 |
| (2) Diluted earnings per share | 0.67 | 0.58 |
Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian
3、Consolidated cash flow statement from the beginning of the year to the end of the
reporting period
Unit:RMB
| Item | Q1 - Q3 2023 | Q1 - Q3 2022 |
| 1.Cash flow from operating activities: | ||
| Cash received from sales of goods or rendering of services | 11,655,626,481.56 | 9,290,294,994.53 |
| Net increase in deposits from customers and other banks | ||
| Net increase in borrowing from the central bank | ||
| Net increase in loans from other financial institutions | ||
| Cash received from receiving insurance premium of original insurance contracts | ||
| Net cash received from reinsurance business | ||
| Net increase in deposits and investment of the insured | ||
| Cash received from interests, handling charges and commissions | ||
| Net increase in borrowing funds | ||
| Net increase in repurchase business capital | ||
| Net cash received from securities trading agency | ||
| Refunds of taxes and levies | 68,643,873.32 | 61,303,387.88 |
| Cash received relating to other operating activities | 148,651,276.26 | 131,387,199.22 |
| Subtotal of cash inflows for operating activities | 11,872,921,631.14 | 9,482,985,581.63 |
| Cash paid for goods purchased | 7,209,410,824.85 | 5,517,525,754.89 |
| and services received | ||
| Net increase in loans and advances to customers | ||
| Net increase in deposits with the central bank and other banks | ||
| Cash paid for claims under original insurance contracts | ||
| Net increase in lending funds | ||
| Cash paid for interests, handling charges and commissions | ||
| Cash paid for policy dividends | ||
| Cash paid to and on behalf of employees | 2,958,743,831.75 | 2,485,873,939.15 |
| Payments of all types of taxes | 521,546,299.79 | 453,360,288.27 |
| Cash paid relating to other operating activities | 525,985,930.68 | 414,993,700.51 |
| Subtotal of cash outflows from operating activities | 11,215,686,887.07 | 8,871,753,682.82 |
| Net cash flow from operating activities | 657,234,744.07 | 611,231,898.81 |
| 2.Cash flows from investing activities: | ||
| Cash received from investment recovery | 29,241,826.99 | 27,499,999.97 |
| Cash received from the return on investment | 6,712,173.01 | 313,491.07 |
| Net cash received from the disposal of fixed assets, intangible assets and other long-term assets | 17,753,661.31 | 4,485,429.28 |
| Net cash received from the disposal of subsidiaries and other business units | 130,823,912.13 | |
| Cash received relating to other investing activities | 3,693,982,188.71 | 5,109,293,984.18 |
| Subtotal of cash inflows from investing activities | 3,878,513,762.15 | 5,141,592,904.50 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 607,017,537.59 | 747,245,384.38 |
| Cash paid for investments | 72,341,140.57 | 244,722,125.00 |
| Net increase in pledge loans | ||
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Cash paid relating to other investing activities | 3,813,721,705.45 | 5,434,267,744.38 |
| Subtotal of cash outflows from investing activities | 4,493,080,383.61 | 6,426,235,253.76 |
| Net cash flow from investment activities | -614,566,621.46 | -1,284,642,349.26 |
| 3.Cash flow from financing activities: | ||
| Cash received from absorption of investment | 8,500,000.00 | |
| Including: cash received by subsidiaries from investments of | 8,500,000.00 |
| minority shareholders | ||
| Cash received from borrowings | 2,621,044,003.48 | 2,023,877,942.03 |
| Cash received relating to other financing activities | 40,075,403.31 | 27,595,246.12 |
| Subtotal of cash inflows from financing activities | 2,669,619,406.79 | 2,051,473,188.15 |
| Cash paid for repayment of debts | 2,413,121,972.81 | 1,587,090,481.24 |
| Cash paid for distribution of dividends and profits or payment of interests | 410,658,987.74 | 331,940,869.42 |
| Including: dividends or profits paid by subsidiaries to minority shareholders | ||
| Cash paid relating to other financing activities | 110,152,537.66 | 47,917,936.14 |
| Subtotal of cash outflows from financing activities | 2,933,933,498.21 | 1,966,949,286.80 |
| Net cash flow from financing activities | -264,314,091.42 | 84,523,901.35 |
| 4.Effect of change in exchange rate on cash and cash equivalents | 37,588,550.92 | 4,747,831.37 |
| 5.Net increase in cash and cash equivalents | -184,057,417.89 | -584,138,717.73 |
| Add: opening balance of cash and cash equivalents | 1,867,819,596.09 | 1,631,317,104.81 |
| 6.Ending balance of cash and cash equivalents | 1,683,762,178.20 | 1,047,178,387.08 |
(2) Financial statements related to adjustments to items at the beginning of the year offirst-time implementation of new accounting standards from 2023 onwards
□ Applicable √ N/A
(3) Auditing Report
Whether the Report has been audited
□ Yes √ No
The report for the third quarter of 2023 of the Company has not been audited
Anhui Zhongding Sealing Parts Co.,Ltd.
Board of Directors
st
October 2023