Stock Code: 000020 200020 Short Form of the Stock: SHEN HUAFA-A, SHEN HUAFA-B Public Notice No.: 2022-18
Shenzhen Zhongheng Huafa Co., Ltd.Supplementary Correction NoticeThe Company and whole members of the BOD guarantee that the information disclosed is true,accurate and complete, and there are no any fictitious records, misleading statements or importantomissions.
Shenzhen Zhongheng Huafa Co.,Ltd. (Hereinafter referred to as the "Company") disclosed The FullText of The Report for The First quarter of 2021, The Text of The Report for The First Quarter of2021(Announcement No.:2021-10), Semi-Annual Report 2021, Summary of Semi-Annual Report2021 (Announcement No. :2021-19) and The Third Quarter Report 2021 (AnnouncementNo. :2021-21) on April 27, 2021, August 24, 2021 and October 26, 2021 respectively. The followingcorrections are hereby made：
一、The original The Full Text of The Report for The First quarter of 2021
（一）Section II Basic situation of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No
| Current period | At the same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 190,936,203.57 | 87,800,584.55 | 117.47% |
| Net profit attributable to shareholders of the listed company (RMB) | 5,566,539.83 | -400,741.17 | 1,489.06% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 5,485,566.41 | -208,179.52 | 2,735.02% |
| Net cash flow arising from operating activities (RMB) | -5,125,776.38 | 7,931,308.59 | -164.63% |
| Basic earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Diluted earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Weighted average ROE | 1.64% | -0.12% | 1.76% |
| At the end of the reporting period | At the end of last year | Changes of this period-end over same period-end of last |
| year | |||
| Total assets (RMB) | 637,533,668.46 | 627,779,621.06 | 1.55% |
| Net assets attributable to shareholder of listed company (RMB) | 341,815,277.12 | 336,248,737.29 | 1.65% |
Revised content:
I. Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No
| Current period | At the same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 190,936,203.57 | 87,800,584.55 | 117.47% |
| Net profit attributable to shareholders of the listed company (RMB) | 5,557,677.31 | -400,741.17 | 1,489.06% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 5,476,703.89 | -208,179.52 | 2,735.02% |
| Net cash flow arising from operating activities (RMB) | -5,125,776.38 | 7,931,308.59 | -164.63% |
| Basic earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Diluted earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Weighted average ROE | 1.64% | -0.12% | 1.76% |
| At the end of the reporting period | At the end of last year | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 637,523,241.97 | 627,779,621.06 | 1.55% |
| Net assets attributable to shareholder of listed company (RMB) | 341,806,414.60 | 336,248,737.29 | 1.65% |
（二）Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financialindex and explanations of reasons
√Applicable □Not applicable
| Item | March 31, 2021 | January 1, 2021 | Y-o-y changes | Reasons of changes |
| Other receivables | 2,060,681.11 | 4,466,949.96 | -53.87% | Decrease in current accounts |
Inventory
| Inventory | 103,742,880.06 | 70,502,773.52 | 47.62% | Stocking in this period |
| Other current assets | 1,129,263.49 | 4,255,643.19 | -73.46% | The tax to be deducted is deducted for the current period. |
| Long-term prepaid expenses | 19,361.35 | 77,445.31 | -75.00% | Cloud service fee amortization |
| Short-term loans | 20,921,296.00 | 12,527,808.00 | 67.00% | Short-term bank loans were increased in the current period. |
| Contract liabilities | 171,293.92 | 287,140.66 | -40.34% | The deposit received in advance has decreased during the period. |
| Employee compensation payable | 3,106,406.38 | 5,737,366.59 | -45.86% | The prepaid wages and expenses are paid in the current period |
Other payables
| Other payables | 18,556,536.88 | 27,608,281.01 | -32.79% | Decrease in current accounts |
| Interest payable | 63,086.88 | 26,335.66 | 139.55% | Short-term loans increased in the current period. |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
| Operating income | 190,936,203.57 | 87,800,584.55 | 117.47% | Increase in orders this period |
Operating cost
| Operating cost | 160,681,999.84 | 73,672,446.25 | 118.10% | Increase in orders this period |
| Sales expense | 9,604,962.16 | 3,448,537.85 | 178.52% | Increase in orders this period |
| R&D expenses | 1,990,208.94 | 908,285.77 | 119.12% | Increased in R&D investment in this period |
| Other income | 119,520.00 | 64,770.00 | 84.53% | Amortization of deferred income for the current period |
| Investment income | 71,186.44 | 37,415.02 | 90.26% | Increase in financial income during the current period |
| Non-operating income | 19,464.75 | 5,492.44 | 254.39% | Government subsidy income from the previous period |
| Non-operating expenses | 8,950.00 | 263,835.56 | -96.61% | Liquidated damages occurred in the previous period |
| Income tax expense | 1,362,439.81 | -85,032.71 | -1702.25% | Increase in profit for the period |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
| Cash received from the sale of goods and the provision of labor services | 118,847,638.92 | 86,584,529.58 | 37.26% | Increase in sales collection in this period |
| Cash paid for purchasing goods and receiving labor services | 90,764,568.41 | 56,760,923.41 | 59.91% | Increase in orders this period |
| Cash paid to and for employees | 18,034,045.23 | 8,467,600.61 | 112.98% | Increase in orders this period |
| Taxes paid | 8,114,109.92 | 2,351,100.26 | 245.12% | Increase in orders this period |
| Cash received from investment income | 71,186.44 | 37,415.02 | 90.26% | Margin interest increased in this period |
Net cash receivedfrom the disposal offixed assets,intangible assets andother long-termassets
| Net cash received from the disposal of fixed assets, intangible assets and other long-term assets | 13,000.00 | 91,000.00 | -85.71% | Disposal of old equipment in the previous period |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets | 1,624,675.50 | 467,211.58 | 247.74% | Purchase production equipment in this period |
Other cash paidrelating to investingactivities
| Other cash paid relating to investing activities | - | 25,000,000.00 | -100.00% | Bank wealth management decreased in this period |
| Cash received from loans | 20,710,525.00 | 6,725,056.80 | 207.96% | Increase in short-term loans |
| Other cash paid relating to financing activities | 6,408,886.53 | - | Increase acceptance margin in this period | |
| Influence on cash and cash equivalents due to fluctuation in exchange rate | -124,286.41 | 32,336.78 | 484.35% | The impact of exchange rate fluctuations in the current period |
Revised content:
I. Particulars about material changes in items of main accounting statement and financialindex and explanations of reasons
√Applicable □Not applicable
| Item | March 31, 2021 | January 1, 2021 | Y-o-y changes | Reasons of changes |
| Other receivables | 2,060,681.11 | 4,466,949.96 | -53.87% | Decrease in current accounts |
| Inventory | 103,732,453.57 | 70,502,773.52 | 47.13% | Stocking in this period |
| Other current assets | 1,129,263.49 | 4,255,643.19 | -73.46% | The tax to be deducted is deducted for the current period. |
| Long-term prepaid expenses | 19,361.35 | 77,445.31 | -75.00% | Cloud service fee amortization |
| Short-term loans | 20,921,296.00 | 12,527,808.00 | 67.00% | Short-term bank loans were increased in the current period. |
| Contract liabilities | 171,293.92 | 287,140.66 | -40.34% | The deposit received in advance has decreased during the period. |
Employeecompensationpayable
| Employee compensation payable | 3,106,406.38 | 5,737,366.59 | -45.86% | The prepaid wages and expenses are paid in the current period |
| Other payables | 18,556,536.88 | 27,608,281.01 | -32.79% | Decrease in current accounts |
| Interest payable | 63,086.88 | 26,335.66 | 139.55% | Short-term loans increased in the current period. |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
| Operating income | 190,936,203.57 | 87,800,584.55 | 117.47% | Increase in orders this period |
Operating cost
| Operating cost | 160,692,426.33 | 73,672,446.25 | 118.12% | Increase in orders this period |
| Sales expense | 9,604,962.16 | 3,448,537.85 | 178.52% | Increase in orders this period |
| R&D expenses | 1,990,208.94 | 908,285.77 | 119.12% | Increased in R&D investment in this period |
| Other income | 119,520.00 | 64,770.00 | 84.53% | Amortization of deferred income for the current period |
| Investment income | 71,186.44 | 37,415.02 | 90.26% | Increase in financial income during the current period |
| Non-operating income | 19,464.75 | 5,492.44 | 254.39% | Government subsidy income from the previous period |
| Non-operating expenses | 8,950.00 | 263,835.56 | -96.61% | Liquidated damages occurred in the previous period |
| Income tax expense | 1,360,875.84 | -85,032.71 | -1700.41% | Increase in profit for the period |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
| Cash received from the sale of goods and the provision of labor services | 118,847,638.92 | 86,584,529.58 | 37.26% | Increase in sales collection in this period |
| Cash paid for purchasing goods and receiving labor services | 90,764,568.41 | 56,760,923.41 | 59.91% | Increase in orders this period |
| Cash paid to and for employees | 18,034,045.23 | 8,467,600.61 | 112.98% | Increase in orders this period |
Taxes paid
| Taxes paid | 8,114,109.92 | 2,351,100.26 | 245.12% | Increase in orders this period |
| Cash received from investment income | 71,186.44 | 37,415.02 | 90.26% | Margin interest increased in this period |
| Net cash received from the disposal of fixed assets, intangible assets and other long-term assets | 13,000.00 | 91,000.00 | -85.71% | Disposal of old equipment in the previous period |
Cash paid for thepurchase andconstruction of fixedassets, intangibleassets and otherlong-term assets
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets | 1,624,675.50 | 467,211.58 | 247.74% | Purchase production equipment in this period |
| Other cash paid relating to investing activities | - | 25,000,000.00 | -100.00% | Bank wealth management decreased in this period |
| Cash received from loans | 20,710,525.00 | 6,725,056.80 | 207.96% | Increase in short-term loans |
Other cash paidrelating to financingactivities
| Other cash paid relating to financing activities | 6,408,886.53 | - | Increase acceptance margin in this period | |
| Influence on cash and cash equivalents due to fluctuation in exchange rate | -124,286.41 | 32,336.78 | 484.35% | The impact of exchange rate fluctuations in the current period |
（三）Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
March 31, 2021
In RMB
| Item | March 31, 2021 | March 31, 2020 |
| Current assets: | ||
| Monetary fund | 57,688,251.58 | 60,968,053.58 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets |
| Note receivable | 9,506,829.34 | 20,240,464.79 |
| Account receivable | 141,260,234.64 | 128,063,911.79 |
| Receivable financing | 9,727,239.72 | 10,057,385.11 |
| Accounts paid in advance | 35,287,786.09 | 39,643,255.11 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 2,060,681.11 | 4,466,949.96 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 103,742,880.06 | 70,166,013.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 1,129,263.49 | 4,255,643.19 |
| Total current assets | 360,403,166.03 | 337,861,677.02 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 46,792,579.70 | 47,224,662.27 |
| Fixed assets | 181,745,798.39 | 193,605,444.53 |
| Construction in progress | 740,000.00 | 740,000.00 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets |
| Intangible assets | 40,383,028.86 | 40,820,657.80 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 19,361.35 | 77,445.31 |
| Deferred income tax asset | 7,383,734.13 | 7,383,734.13 |
| Other non-current asset | 66,000.00 | 66,000.00 |
| Total non-current asset | 277,130,502.43 | 289,917,944.04 |
| Total assets | 637,533,668.46 | 627,779,621.06 |
| Current liabilities: | ||
| Short-term loans | 20,921,296.00 | 12,527,808.00 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 37,089,784.05 | 37,416,381.20 |
| Account payable | 120,547,983.80 | 98,318,239.88 |
| Accounts received in advance | ||
| Contractual liability | 171,293.92 | 287,140.66 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 3,106,406.38 | 5,737,366.59 |
| Taxes payable | 11,967,269.75 | 14,204,642.62 |
| Other account payable | 18,556,536.88 | 27,608,281.01 |
| Including: Interest payable | 63,086.88 | 26,335.66 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale |
| Non-current liabilities due within one year | 12,000,000.00 | 12,000,000.00 |
| Other current liabilities | 9,369,289.56 | 18,322,972.81 |
| Total current liabilities | 233,434,975.36 | 226,127,947.79 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 58,000,000.00 | 61,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | 3,924,120.00 | 4,043,640.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 61,988,531.00 | 65,108,051.00 |
| Total liabilities | 295,718,391.34 | 291,530,883.77 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,577,771.50 | 146,577,771.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -165,315,314.63 | -170,881,854.46 |
| Total owner’ s equity attributable to parent company | 341,815,277.12 | 336,248,737.29 |
| Minority interests | ||
| Total owner’ s equity | 341,815,277.12 | 336,248,737.29 |
| Total liabilities and owner’ s equity | 637,533,668.46 | 627,779,621.06 |
Legal Representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institute: Wu Aijie
3. Consolidated Profit Statement
In RMB
| Item | Current period | Last period |
| I. Total operating income | 190,936,203.57 | 87,800,584.55 |
| Including: Operating income | 190,936,203.57 | 87,800,584.55 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 184,208,445.12 | 88,130,200.33 |
| Including: Operating cost | 160,681,999.84 | 73,672,446.25 |
| 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 | 643,046.97 | 584,743.27 |
| Sales expense | 9,604,962.16 | 3,448,537.85 |
| Administrative expense | 9,403,968.16 | 8,058,091.66 |
| R&D expense | 1,990,208.94 | 908,285.77 |
| Financial expense | 1,884,259.05 | 1,458,095.53 |
| Including: Interest expenses | 1,805,136.09 | 2,375,650.33 |
| Interest income | 107,550.38 | 128,721.93 |
| Add: other income | 119,520.00 | 64,770.00 |
| Investment income (Loss is listed with “-”) | 71,186.44 | 37,415.02 |
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| III. Operating profit (Loss is listed with “-”) | 6,918,464.89 | -227,430.76 |
| Add: Non-operating income | 19,464.75 | 5,492.44 |
| Less: Non-operating expense | 8,950.00 | 263,835.56 |
| IV. Total profit (Loss is listed with “-”) | 6,928,979.64 | -485,773.88 |
| Less: Income tax expense | 1,362,439.81 | -85,032.71 |
| V. Net profit (Net loss is listed with “-”) | 5,566,539.83 | -400,741.17 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 5,566,539.83 | -400,741.17 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 5,566,539.83 | -400,741.17 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive |
| income attributable to minority shareholders | ||
| VII. Total comprehensive income | 5,566,539.83 | -400,741.17 |
| Total comprehensive income attributable to owners of parent Company | 5,566,539.83 | -400,741.17 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0197 | -0.0014 |
| (ii) Diluted earnings per share | 0.0197 | -0.0014 |
Revised content:
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
March 31, 2021
In RMB
| Item | March 31, 2021 | March 31, 2020 |
| Current assets: | ||
| Monetary fund | 57,688,251.58 | 60,968,053.58 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | 9,506,829.34 | 20,240,464.79 |
| Account receivable | 141,260,234.64 | 128,063,911.79 |
| Receivable financing | 9,727,239.72 | 10,057,385.11 |
| Accounts paid in advance | 35,287,786.09 | 39,643,255.11 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 2,060,681.11 | 4,466,949.96 |
| Including: Interest receivable | ||
| Dividend receivable |
| Buying back the sale of financial assets | ||
| Inventories | 103,732,453.57 | 70,166,013.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 1,129,263.49 | 4,255,643.19 |
| Total current assets | 360,392,739.54 | 337,861,677.02 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 46,792,579.70 | 47,224,662.27 |
| Fixed assets | 181,745,798.39 | 193,605,444.53 |
| Construction in progress | 740,000.00 | 740,000.00 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 40,383,028.86 | 40,820,657.80 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 19,361.35 | 77,445.31 |
| Deferred income tax asset | 7,383,734.13 | 7,383,734.13 |
| Other non-current asset | 66,000.00 | 66,000.00 |
| Total non-current asset | 277,130,502.43 | 289,917,944.04 |
| Total assets | 637,523,241.97 | 627,779,621.06 |
| Current liabilities: |
| Short-term loans | 20,921,296.00 | 12,527,808.00 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 37,089,784.05 | 37,416,381.20 |
| Account payable | 120,547,983.80 | 98,318,239.88 |
| Accounts received in advance | ||
| Contractual liability | 171,293.92 | 287,140.66 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 3,106,406.38 | 5,737,366.59 |
| Taxes payable | 11,965,705.78 | 14,204,642.62 |
| Other account payable | 18,556,536.88 | 27,608,281.01 |
| Including: Interest payable | 63,086.88 | 26,335.66 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 12,000,000.00 | 12,000,000.00 |
| Other current liabilities | 9,369,289.56 | 18,322,972.81 |
| Total current liabilities | 233,728,296.37 | 226,127,947.79 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 58,000,000.00 | 61,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities |
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | 3,924,120.00 | 4,043,640.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 61,988,531.00 | 65,108,051.00 |
| Total liabilities | 295,716,827.37 | 291,530,883.77 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,577,771.50 | 146,577,771.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -165,324,177.15 | -170,881,854.46 |
| Total owner’ s equity attributable to parent company | 341,806,414.60 | 336,248,737.29 |
| Minority interests | ||
| Total owner’ s equity | 341,806,414.60 | 336,248,737.29 |
| Total liabilities and owner’ s equity | 637,523,241.97 | 627,779,621.06 |
Legal Representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institute: Wu Aijie
3. Consolidated Profit Statement
In RMB
| Item | Current period | Last period |
| I. Total operating income | 190,936,203.57 | 87,800,584.55 |
| Including: Operating income | 190,936,203.57 | 87,800,584.55 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 184,218,871.61 | 88,130,200.33 |
| Including: Operating cost | 160,692,426.33 | 73,672,446.25 |
| 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 | 643,046.97 | 584,743.27 |
| Sales expense | 9,604,962.16 | 3,448,537.85 |
| Administrative expense | 9,403,968.16 | 8,058,091.66 |
| R&D expense | 1,990,208.94 | 908,285.77 |
| Financial expense | 1,884,259.05 | 1,458,095.53 |
| Including: Interest expenses | 1,805,136.09 | 2,375,650.33 |
| Interest income | 107,550.38 | 128,721.93 |
| Add: other income | 119,520.00 | 64,770.00 |
| Investment income (Loss is listed with “-”) | 71,186.44 | 37,415.02 |
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| III. Operating profit (Loss is listed with “-”) | 6,908,038.40 | -227,430.76 |
| Add: Non-operating income | 19,464.75 | 5,492.44 |
| Less: Non-operating expense | 8,950.00 | 263,835.56 |
| IV. Total profit (Loss is listed with “-”) | 6,918,553.15 | -485,773.88 |
| Less: Income tax expense | 1,360,875.84 | -85,032.71 |
| V. Net profit (Net loss is listed with “-”) | 5,557,677.31 | -400,741.17 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 5,557,677.31 | -400,741.17 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 5,557,677.31 | -400,741.17 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined |
| benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 5,557,677.31 | -400,741.17 |
| Total comprehensive income attributable to owners of parent Company | 5,557,677.31 | -400,741.17 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0197 | -0.0014 |
| (ii) Diluted earnings per share | 0.0197 | -0.0014 |
二、The original The Text of The Report for The First Quarter of 2021
（一）Section II. Basic situation of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No
| Current period | At the same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 190,936,203.57 | 87,800,584.55 | 117.47% |
| Net profit attributable to shareholders of the listed company (RMB) | 5,566,539.83 | -400,741.17 | 1,489.06% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 5,485,566.41 | -208,179.52 | 2,735.02% |
| Net cash flow arising from operating activities (RMB) | -5,125,776.38 | 7,931,308.59 | -164.63% |
| Basic earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Diluted earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Weighted average ROE | 1.64% | -0.12% | 1.76% |
| At the end of the reporting period | At the end of last year | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 637,533,668.46 | 627,779,621.06 | 1.55% |
| Net assets attributable to shareholder of listed company (RMB) | 341,815,277.12 | 336,248,737.29 | 1.65% |
Revised content:
I. Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No
| Current period | At the same period of last year | Changes of this period over same period of last year | |
| Operating income (RMB) | 190,936,203.57 | 87,800,584.55 | 117.47% |
| Net profit attributable to shareholders of the listed company (RMB) | 5,557,677.31 | -400,741.17 | 1,489.06% |
| Net profit attributable to shareholders of the listed company after deducting | 5,476,703.89 | -208,179.52 | 2,735.02% |
| non-recurring gains and losses (RMB) | |||
| Net cash flow arising from operating activities (RMB) | -5,125,776.38 | 7,931,308.59 | -164.63% |
| Basic earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Diluted earnings per share (RMB/Share) | 0.0197 | -0.0014 | 1,507.14% |
| Weighted average ROE | 1.64% | -0.12% | 1.76% |
| At the end of the reporting period | At the end of last year | Changes of this period-end over same period-end of last year | |
| Total assets (RMB) | 637,523,241.97 | 627,779,621.06 | 1.55% |
| Net assets attributable to shareholder of listed company (RMB) | 341,806,414.60 | 336,248,737.29 | 1.65% |
（二）Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financialindex and explanations of reasons
√Applicable □Not applicable
| Item | March 31, 2021 | January 1, 2021 | Y-o-y changes | Reasons of changes |
| Other receivables | 2,060,681.11 | 4,466,949.96 | -53.87% | Decrease in current accounts |
| Inventory | 103,742,880.06 | 70,502,773.52 | 47.62% | Stocking in this period |
Other current assets
| Other current assets | 1,129,263.49 | 4,255,643.19 | -73.46% | The tax to be deducted is deducted for the current period. |
| Long-term prepaid expenses | 19,361.35 | 77,445.31 | -75.00% | Cloud service fee amortization |
| Short-term loans | 20,921,296.00 | 12,527,808.00 | 67.00% | Short-term bank loans were increased in the current period. |
| Contract liabilities | 171,293.92 | 287,140.66 | -40.34% | The deposit received in advance has decreased during the period. |
| Employee compensation payable | 3,106,406.38 | 5,737,366.59 | -45.86% | The prepaid wages and expenses are paid in the current period |
Other payables
| Other payables | 18,556,536.88 | 27,608,281.01 | -32.79% | Decrease in current accounts |
| Interest payable | 63,086.88 | 26,335.66 | 139.55% | Short-term loans increased in the current period. |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
| Operating income | 190,936,203.57 | 87,800,584.55 | 117.47% | Increase in orders this period |
| Operating cost | 160,681,999.84 | 73,672,446.25 | 118.10% | Increase in orders this period |
Sales expense
| Sales expense | 9,604,962.16 | 3,448,537.85 | 178.52% | Increase in orders this period |
| R&D expenses | 1,990,208.94 | 908,285.77 | 119.12% | Increased in R&D investment in this |
| period | ||||
| Other income | 119,520.00 | 64,770.00 | 84.53% | Amortization of deferred income for the current period |
| Investment income | 71,186.44 | 37,415.02 | 90.26% | Increase in financial income during the current period |
| Non-operating income | 19,464.75 | 5,492.44 | 254.39% | Government subsidy income from the previous period |
| Non-operating expenses | 8,950.00 | 263,835.56 | -96.61% | Liquidated damages occurred in the previous period |
Income tax expense
| Income tax expense | 1,362,439.81 | -85,032.71 | -1702.25% | Increase in profit for the period |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
| Cash received from the sale of goods and the provision of labor services | 118,847,638.92 | 86,584,529.58 | 37.26% | Increase in sales collection in this period |
| Cash paid for purchasing goods and receiving labor services | 90,764,568.41 | 56,760,923.41 | 59.91% | Increase in orders this period |
| Cash paid to and for employees | 18,034,045.23 | 8,467,600.61 | 112.98% | Increase in orders this period |
| Taxes paid | 8,114,109.92 | 2,351,100.26 | 245.12% | Increase in orders this period |
| Cash received from investment income | 71,186.44 | 37,415.02 | 90.26% | Margin interest increased in this period |
| Net cash received from the disposal of fixed assets, intangible assets and other long-term assets | 13,000.00 | 91,000.00 | -85.71% | Disposal of old equipment in the previous period |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets | 1,624,675.50 | 467,211.58 | 247.74% | Purchase production equipment in this period |
Other cash paidrelating to investingactivities
| Other cash paid relating to investing activities | - | 25,000,000.00 | -100.00% | Bank wealth management decreased in this period |
| Cash received from loans | 20,710,525.00 | 6,725,056.80 | 207.96% | Increase in short-term loans |
| Other cash paid | 6,408,886.53 | - | Increase acceptance margin in this period |
| relating to financing activities | ||||
| Influence on cash and cash equivalents due to fluctuation in exchange rate | -124,286.41 | 32,336.78 | 484.35% | The impact of exchange rate fluctuations in the current period |
Revised content:
I. Particulars about material changes in items of main accounting statement and financialindex and explanations of reasons
√Applicable □Not applicable
| Item | March 31, 2021 | January 1, 2021 | Y-o-y changes | Reasons of changes |
| Other receivables | 2,060,681.11 | 4,466,949.96 | -53.87% | Decrease in current accounts |
Inventory
| Inventory | 103,732,453.57 | 70,502,773.52 | 47.13% | Stocking in this period |
| Other current assets | 1,129,263.49 | 4,255,643.19 | -73.46% | The tax to be deducted is deducted for the current period. |
| Long-term prepaid expenses | 19,361.35 | 77,445.31 | -75.00% | Cloud service fee amortization |
Short-term loans
| Short-term loans | 20,921,296.00 | 12,527,808.00 | 67.00% | Short-term bank loans were increased in the current period. |
| Contract liabilities | 171,293.92 | 287,140.66 | -40.34% | The deposit received in advance has decreased during the period. |
| Employee compensation payable | 3,106,406.38 | 5,737,366.59 | -45.86% | The prepaid wages and expenses are paid in the current period |
Other payables
| Other payables | 18,556,536.88 | 27,608,281.01 | -32.79% | Decrease in current accounts |
| Interest payable | 63,086.88 | 26,335.66 | 139.55% | Short-term loans increased in the current period. |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
| Operating income | 190,936,203.57 | 87,800,584.55 | 117.47% | Increase in orders this period |
| Operating cost | 160,692,426.33 | 73,672,446.25 | 118.12% | Increase in orders this period |
Sales expense
| Sales expense | 9,604,962.16 | 3,448,537.85 | 178.52% | Increase in orders this period |
| R&D expenses | 1,990,208.94 | 908,285.77 | 119.12% | Increased in R&D investment in this period |
| Other income | 119,520.00 | 64,770.00 | 84.53% | Amortization of deferred income for the current period |
| Investment income | 71,186.44 | 37,415.02 | 90.26% | Increase in financial income during the current period |
| Non-operating income | 19,464.75 | 5,492.44 | 254.39% | Government subsidy income from the previous period |
| Non-operating expenses | 8,950.00 | 263,835.56 | -96.61% | Liquidated damages occurred in the previous period |
| Income tax expense | 1,360,875.84 | -85,032.71 | -1700.41% | Increase in profit for the period |
| Item | January to March 2021 | January to March 2020 | Y-o-y changes | Reasons of changes |
Cash received fromthe sale of goods andthe provision of laborservices
| Cash received from the sale of goods and the provision of labor services | 118,847,638.92 | 86,584,529.58 | 37.26% | Increase in sales collection in this period |
| Cash paid for purchasing goods and receiving labor services | 90,764,568.41 | 56,760,923.41 | 59.91% | Increase in orders this period |
| Cash paid to and for employees | 18,034,045.23 | 8,467,600.61 | 112.98% | Increase in orders this period |
| Taxes paid | 8,114,109.92 | 2,351,100.26 | 245.12% | Increase in orders this period |
| Cash received from investment income | 71,186.44 | 37,415.02 | 90.26% | Margin interest increased in this period |
| Net cash received from the disposal of fixed assets, intangible assets and other long-term assets | 13,000.00 | 91,000.00 | -85.71% | Disposal of old equipment in the previous period |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets | 1,624,675.50 | 467,211.58 | 247.74% | Purchase production equipment in this period |
Other cash paidrelating to investingactivities
| Other cash paid relating to investing activities | - | 25,000,000.00 | -100.00% | Bank wealth management decreased in this period |
| Cash received from loans | 20,710,525.00 | 6,725,056.80 | 207.96% | Increase in short-term loans |
| Other cash paid relating to financing activities | 6,408,886.53 | - | Increase acceptance margin in this period | |
| Influence on cash and cash equivalents due to fluctuation in exchange rate | -124,286.41 | 32,336.78 | 484.35% | The impact of exchange rate fluctuations in the current period |
三、The original Semi-Annual Report 2021
（一）Section II. Company Profile and Main Financial Indexes
VI. Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √ No
| Current period | Same period of last year | Changes over last year | |
| Operating income(RMB) | 391,633,808.55 | 300,703,421.38 | 30.24% |
| Net profit attributable to shareholders of the listed company(RMB) | 7,023,114.72 | 3,165,597.55 | 121.86% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB) | 7,067,951.02 | 3,167,896.46 | 123.11% |
| Net cash flow arising from operating activities(RMB) | -21,818,369.59 | 21,200,212.24 | -202.92% |
| Basic earnings per share(RMB/Share) | 0.0248 | 0.0112 | 121.43% |
| Diluted earnings per share(RMB/Share) | 0.0248 | 0.0112 | 121.43% |
| Weighted average ROE | 2.07% | 0.96% | 1.11% |
| Current period-end | period-end of last year | Changes over period-end of last year | |
| Total assets(RMB) | 673,387,235.69 | 627,779,621.06 | 7.26% |
| Net assets attributable to shareholder of listed company(RMB) | 343,271,852.01 | 336,248,737.29 | 2.09% |
Revised content:
VI. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √ No
| Current period | Same period of last year | Changes over last year | |
| Operating income(RMB) | 391,633,808.55 | 300,703,421.38 | 30.24% |
| Net profit attributable to shareholders of the listed company(RMB) | 6,989,362.48 | 3,165,597.55 | 120.79% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB) | 7,034,198.78 | 3,167,896.46 | 122.05% |
| Net cash flow arising from operating activities(RMB) | -21,818,369.59 | 21,200,212.24 | -202.92% |
| Basic earnings per share(RMB/Share) | 0.0248 | 0.0112 | 121.43% |
| Diluted earnings per share(RMB/Share) | 0.0248 | 0.0112 | 121.43% |
| Weighted average ROE | 2.07% | 0.96% | 1.11% |
| Current period-end | period-end of last year | Changes over period-end of last year | |
| Total assets(RMB) | 673,347,527.18 | 627,779,621.06 | 7.26% |
| Net assets attributable to shareholder of listed company(RMB) | 343,238,099.77 | 336,248,737.29 | 2.08% |
（二）Section III Management Discussion and Analysis
III. Main business analysisSee the “I. Main businesses of the company in the reporting period”
Change of main financial data on a y-o-y basis
In RMB
| Current period | Same period of last year | y-o-y changes (+,-) | Reasons | |
| Operation income | 391,633,808.55 | 300,703,421.38 | 30.24% | Video incomes increased |
| Operation cost | 334,484,096.74 | 263,959,652.63 | 26.72% | |
| Sales expenses | 14,094,617.96 | 9,100,079.39 | 54.88% | After-sales service fee increased |
| Administrative expenses | 22,680,307.24 | 17,082,362.66 | 32.77% | Repair fee increased |
| Financial cost | 5,241,702.86 | 3,484,228.81 | 50.44% | Exchange increased |
| Income tax expense | 1,590,676.66 | 837,369.58 | 89.96% | Profit growth |
| R&D investment | 3,955,647.50 | 2,423,425.26 | 63.23% | Increase new products in the Period |
| Net cash flow arising from operation activities | -21,818,369.59 | 21,200,212.24 | -202.92% | The inventory increased in the Period due to the epidemic in the first half year of last year |
| Net cash flow arising from investment activities | -2,316,374.60 | -1,338,379.56 | -73.07% | Investment for fixed assets increased |
| Net cash flow arising from financing activities | 23,182,219.89 | -34,838,186.71 | 166.54% | Bank loans increased in the period |
| Net increase of cash and cash equivalent | -1,355,867.36 | -14,832,093.81 | -90.86% | The inventory and account receivable increased |
The industries, products, or regions accounting for over 10% of the company’s operating revenue or operating profit
√Applicable □ Not applicable
In RMB
| Operation income | Operation cost | Gross profit ratio | Increase/decrease of operation income y-o-y | Increase/decrease of operation cost y-o-y | Increase/decrease of gross profit ratio y-o-y | |
| According to industries | ||||||
| Display | 198,422,034.91 | 182,038,564.14 | 8.26% | 22.00% | 19.00% | 1.69% |
| Plastic injection hardware | 106,953,726.74 | 96,354,708.77 | 9.91% | 25.00% | 22.00% | 2.25% |
| According to products | ||||||
| Display | 198,422,034.91 | 182,038,564.14 | 8.26% | 22.00% | 19.00% | 1.69% |
| Plastic injection hardware | 106,953,726.74 | 96,354,708.77 | 9.91% | 25.00% | 19.00% | 2.25% |
| According to region | ||||||
| Hong Kong and Taiwan | 95,746,383.92 | 79,562,859.88 | 16.90% | -8.97% | -19.29% | 10.62% |
| Central China | 207,413,929.85 | 194,921,928.05 | 6.02% | 67.15% | 70.48% | -1.84% |
| East China | 87,594,449.15 | 80,998,643.40 | 7.53% | 122.78% | 120.08% | 1.14% |
| South China | 5,152,357.42 | 6,030,530.61 | -17.04% | -72.26% | 195.58% | -106.06% |
Reasons for y-o-y relevant data with over 30% changes
√Applicable □Not applicable
| Item | 2021-6-30 | 2021-1-1 | Y-o-y changes (+,-) | Causes |
Note receivable
| Note receivable | 491,683.78 | 20,240,464.79 | -98% | Discounting of note receivable increased in the period |
| Receivable financing | 5,774,948.69 | 10,057,385.11 | -43% | Discounting of note receivable increased in the period |
| Other account receivable | 22,540,779.20 | 4,466,949.96 | 405% | Current accounts increased |
Inventory
| Inventory | 129,917,660.51 | 70,166,013.49 | 85% | Inventory has significantly increased from Hengfa |
| Other current assets | 741,380.21 | 4,255,643.19 | -83% | The input tax to be deducted declined |
| Long-term deferred expenses | 623,601.59 | 77,445.31 | 705% | Contract renewal of SAP |
| Short-term loans | 51,089,579.00 | 12,527,808.00 | 308% | Loans of Hengfa increased |
Contractual liabilities
| Contractual liabilities | 765,555.97 | 287,140.66 | 167% | Account received in advance increased |
| Wages payable | 3,886,717.29 | 5,737,366.59 | -32% | Last year’s year-end bonus distributed |
| Interest payable | 179,523.72 | 26,335.66 | 582% | Loans increased |
| Other current liability | 211,799.13 | 18,322,972.81 | -99% | Notes already endorsed and outstanding declined |
Item
| Item | Jan.- Jun. 2021 | Jan.- Jun. 2020 | Y-o-y changes (+,-) | Causes |
| Operation tax and surcharge | 1,428,361.92 | 1,004,056.05 | 42% | Additional tax increased |
| Interest income | 189,945.55 | 11,856.69 | 1502% | Loan subsidies |
| Other income | 3,553.35 | 348,540.00 | -99% | Government subsidy |
| Investment income | 149,767.58 | 66,780.40 | 124% | Wealth management income |
| Non-operation revenue | 276,599.04 | 45,200.06 | 512% | Government subsidy |
| Non-operation expense | 215,202.92 | 7,302.38 | 2847% | Penalty expenses |
V. Assets and liability analysis
1. Major changes of assets composition
In RMB
| End of the current period | End of last year | Ratio changes | Notes of major changes | |||
| Amount | Ratio in total | Amount | Ratio in total | |||
| assets | assets | |||||
| Monetary fund | 59,612,186.22 | 8.85% | 60,968,053.58 | 9.71% | -0.86% | |
| Account receivable | 135,750,939.59 | 20.16% | 128,063,911.79 | 20.40% | -0.24% | |
| Inventory | 129,917,660.51 | 19.29% | 70,166,013.49 | 11.18% | 8.11% | Inventory from Hengfa increased |
| Investment real estate | 46,360,497.13 | 6.88% | 47,224,662.27 | 7.52% | -0.64% | |
| Fixed assets | 191,477,026.08 | 28.43% | 193,605,444.53 | 30.84% | -2.41% | |
| Construction in process | 740,000.00 | 0.11% | 740,000.00 | 0.12% | -0.01% | |
| Short-term loans | 51,089,579.00 | 7.59% | 12,527,808.00 | 2.00% | 5.59% | Loans increased in the period |
| Contractual liabilities | 765,555.97 | 0.11% | 287,140.66 | 0.05% | 0.06% | |
| Long-term loans | 61,000,000.00 | 9.06% | 61,000,000.00 | 9.72% | -0.66% |
Revised content:
III. Main business analysis
See the “I. Main businesses of the company in the reporting period”
Change of main financial data on a y-o-y basis
In RMB
| Current period | Same period of last year | y-o-y changes (+,-) | Reasons | |
| Operation income | 391,633,808.55 | 300,703,421.38 | 30.24% | Video incomes increased |
| Operation cost | 334,523,805.25 | 263,959,652.63 | 26.73% | |
| Sales expenses | 14,094,617.96 | 9,100,079.39 | 54.88% | After-sales service fee increased |
| Administrative expenses | 22,680,307.24 | 17,082,362.66 | 32.77% | Repair fee increased |
| Financial cost | 5,241,702.86 | 3,484,228.81 | 50.44% | Exchange increased |
| Income tax expense | 1,584,720.39 | 837,369.58 | 89.25% | Profit growth |
| R&D investment | 3,955,647.50 | 2,423,425.26 | 63.23% | Increase new products in the Period |
| Net cash flow arising | -21,818,369.59 | 21,200,212.24 | -202.92% | The inventory |
| from operation activities | increased in the Period due to the epidemic in the first half year of last year | |||
| Net cash flow arising from investment activities | -2,316,374.60 | -1,338,379.56 | -73.07% | Investment for fixed assets increased |
| Net cash flow arising from financing activities | 23,182,219.89 | -34,838,186.71 | 166.54% | Bank loans increased in the period |
| Net increase of cash and cash equivalent | -1,355,867.36 | -14,832,093.81 | -90.86% | The inventory and account receivable increased |
The industries, products, or regions accounting for over 10% of the company’s operating revenue or operating profit
√Applicable □ Not applicable
In RMB
| Operation income | Operation cost | Gross profit ratio | Increase/decrease of operation income y-o-y | Increase/decrease of operation cost y-o-y | Increase/decrease of gross profit ratio y-o-y | |
| According to industries | ||||||
| Display | 198,422,034.91 | 181,998,855.63 | 8.28% | 22.00% | 19.00% | 1.69% |
| Plastic injection hardware | 106,953,726.74 | 96,354,708.77 | 9.91% | 25.00% | 22.00% | 2.25% |
| According to products | ||||||
| Display | 198,422,034.91 | 181,998,855.63 | 8.28% | 22.00% | 19.00% | 1.69% |
| Plastic injection hardware | 106,953,726.74 | 96,354,708.77 | 9.91% | 25.00% | 19.00% | 2.25% |
| According to region | ||||||
| Hong Kong and Taiwan | 95,569,502.38 | 79,562,859.88 | 16.75% | -8.97% | -19.29% | 10.62% |
| Central China | 203,317,499.60 | 190,785,789.29 | 6.16% | 67.15% | 70.48% | -1.84% |
| East China | 87,594,449.15 | 80,998,643.40 | 7.53% | 122.78% | 120.08% | 1.14% |
| South China | 5,152,357.42 | 6,030,530.61 | -17.04% | -72.26% | 195.58% | -106.06% |
Reasons for y-o-y relevant data with over 30% changes
√Applicable □Not applicable
| Item | 2021-6-30 | 2021-1-1 | Y-o-y changes (+,-) | Causes |
Note receivable
| Note receivable | 491,683.78 | 20,240,464.79 | -98% | Discounting of note receivable increased in the period |
| Receivable financing | 5,774,948.69 | 10,057,385.11 | -43% | Discounting of note receivable increased in the period |
| Other account receivable | 22,540,779.20 | 4,466,949.96 | 405% | Current accounts increased |
Inventory
| Inventory | 129,877,952.00 | 70,166,013.49 | 85% | Inventory has significantly increased from Hengfa |
| Other current assets | 741,380.21 | 4,255,643.19 | -83% | The input tax to be deducted declined |
| Long-term deferred expenses | 623,601.59 | 77,445.31 | 705% | Contract renewal of SAP |
| Short-term loans | 51,089,579.00 | 12,527,808.00 | 308% | Loans of Hengfa increased |
| Contractual liabilities | 765,555.97 | 287,140.66 | 167% | Account received in advance increased |
| Wages payable | 3,886,717.29 | 5,737,366.59 | -32% | Last year’s year-end bonus distributed |
| Interest payable | 179,523.72 | 26,335.66 | 582% | Loans increased |
| Other current liability | 211,799.13 | 18,322,972.81 | -99% | Notes already endorsed and outstanding declined |
| Item | Jan.- Jun. 2021 | Jan.- Jun. 2020 | Y-o-y changes (+,-) | Causes |
| Operation tax and surcharge | 1,428,361.92 | 1,004,056.05 | 42% | Additional tax increased |
Interest income
| Interest income | 189,945.55 | 11,856.69 | 1502% | Loan subsidies |
| Other income | 3,553.35 | 348,540.00 | -99% | Government subsidy |
| Investment income | 149,767.58 | 66,780.40 | 124% | Wealth management income |
| Non-operation revenue | 276,599.04 | 45,200.06 | 512% | Government subsidy |
Non-operation expense
| Non-operation expense | 2847% | Penalty expenses |
| 215,202.92 | 7,302.38 |
V. Assets and liability analysis
1. Major changes of assets composition
In RMB
| End of the current period | End of last year | Ratio changes | Notes of major changes | |||
| Amount | Ratio in total assets | Amount | Ratio in total assets | |||
| Monetary fund | 59,612,186.22 | 8.85% | 60,968,053.58 | 9.71% | -0.86% | |
| Account receivable | 135,750,939.59 | 20.16% | 128,063,911.79 | 20.40% | -0.24% | |
| Inventory | 129,877,952.00 | 19.29% | 70,166,013.49 | 11.18% | 8.11% | Inventory from Hengfa increased |
| Investment real estate | 46,360,497.13 | 6.88% | 47,224,662.27 | 7.52% | -0.64% | |
| Fixed assets | 191,477,026.08 | 28.43% | 193,605,444.53 | 30.84% | -2.41% | |
| Construction in process | 740,000.00 | 0.11% | 740,000.00 | 0.12% | -0.01% | |
| Short-term loans | 51,089,579.00 | 7.59% | 12,527,808.00 | 2.00% | 5.59% | Loans increased in the period |
| Contractual liabilities | 765,555.97 | 0.11% | 287,140.66 | 0.05% | 0.06% | |
| Long-term loans | 61,000,000.00 | 9.06% | 61,000,000.00 | 9.72% | -0.66% | |
（三）Section X. Financial Report
I. Audit reportWhether the semi annual report is audited
□ Yes √ No
The company's semi annual financial report has not been auditedII. Financial StatementStatement in Financial Notes are carried in RMB/CNY
1. Consolidated Balance Sheet
Prepared by SHENZHEN ZHONGHENG HUAFA CO., LTD.
In RMB
| Item | June 30, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary funds | 59,612,186.22 | 60,968,053.58 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | 491,683.78 | 20,240,464.79 |
| Account receivable | 135,750,939.59 | 128,063,911.79 |
| Receivable financing | 5,774,948.69 | 10,057,385.11 |
| Accounts paid in advance | 31,961,398.64 | 39,643,255.11 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 22,540,779.20 | 4,466,949.96 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 129,917,660.51 | 70,166,013.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 741,380.21 | 4,255,643.19 |
| Total current assets | 386,790,976.84 | 337,861,677.02 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 46,360,497.13 | 47,224,662.27 |
| Fixed assets | 191,477,026.08 | 193,605,444.53 |
| Construction in progress | 740,000.00 | 740,000.00 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 39,945,399.92 | 40,820,657.80 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 623,601.59 | 77,445.31 |
| Deferred income tax asset | 7,383,734.13 | 7,383,734.13 |
| Other non-current asset | 66,000.00 | 66,000.00 |
| Total non-current asset | 286,596,258.85 | 289,917,944.04 |
| Total assets | 673,387,235.69 | 627,779,621.06 |
| Current liabilities: | ||
| Short-term loans | 51,089,579.00 | 12,527,808.00 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 42,983,519.37 | 37,416,381.20 |
| Account payable | 116,056,638.57 | 98,318,239.88 |
| Accounts received in advance | ||
| Contractual liability | 765,555.97 | 287,140.66 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 3,886,717.29 | 5,737,366.59 |
| Taxes payable | 12,939,066.90 | 14,204,642.62 |
| Other account payable | 37,074,456.45 | 27,608,281.01 |
| Including: Interest payable | 179,523.72 | 26,335.66 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable |
| Liability held for sale | ||
| Non-current liabilities due within one year | 12,000,000.00 | |
| Other current liabilities | 211,799.13 | 18,322,972.81 |
| Total current liabilities | 265,007,332.68 | 226,422,832.77 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 61,000,000.00 | 61,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | 4,043,640.00 | 4,043,640.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 65,108,051.00 | 65,108,051.00 |
| Total liabilities | 330,115,383.68 | 291,530,883.77 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,577,771.50 | 146,577,771.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -163,858,739.74 | -170,881,854.46 |
| Total owner’ s equity attributable to parent company | 343,271,852.01 | 336,248,737.29 |
| Minority interests | ||
| Total owner’ s equity | 343,271,852.01 | 336,248,737.29 |
| Total liabilities and owner’ s equity | 673,387,235.69 | 627,779,621.06 |
Legal Representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institute: Chuai Guoxu
3. Consolidated Profit Statement
In RMB
| Item | 2021 semi-annual | 2020 semi-annual |
| I. Total operating income | 391,633,808.55 | 300,703,421.38 |
| Including: Operating income | 391,633,808.55 | 300,703,421.38 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 381,884,734.22 | 297,053,804.80 |
| Including: Operating cost | 334,484,096.74 | 263,959,652.63 |
| 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 | 1,428,361.92 | 1,004,056.05 |
| Sales expense | 14,094,617.96 | 9,100,079.39 |
| Administrative expense | 22,680,307.24 | 17,082,362.66 |
| R&D expense | 3,955,647.50 | 2,423,425.26 |
| Financial expense | 5,241,702.86 | 3,484,228.81 |
| Including: Interest expenses | 3,774,381.48 | 4,018,202.27 |
| Interest income | 189,945.55 | 11,856.69 |
| Add: Other income | 3,553.35 | 348,540.00 |
| Investment income (Loss is listed with “-”) | 149,767.58 | 66,780.40 |
| Including: Investment income on affiliated company and |
| joint venture | ||
| 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 “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | -1,350,000.00 | |
| Income from assets disposal (Loss is listed with “-”) | -99,867.53 | |
| III. Operating profit (Loss is listed with “-”) | 8,552,395.26 | 3,965,069.45 |
| Add: Non-operating income | 276,599.04 | 45,200.06 |
| Less: Non-operating expense | 215,202.92 | 7,302.38 |
| IV. Total profit (Loss is listed with “-”) | 8,613,791.38 | 4,002,967.13 |
| Less: Income tax expense | 1,590,676.66 | 837,369.58 |
| V. Net profit (Net loss is listed with “-”) | 7,023,114.72 | 3,165,597.55 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 7,023,114.72 | 3,165,597.55 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 7,023,114.72 | 3,165,597.55 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 7,023,114.72 | 3,165,597.55 |
| Total comprehensive income attributable to owners of parent Company | 7,023,114.72 | 3,165,597.55 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0248 | 0.0112 |
| (ii) Diluted earnings per share | 0.0248 | 0.0112 |
7. Statement of Changes in Owners’ Equity (Consolidated)
Current Amount
In RMB
| Item | Semi-annual of 2021 | ||||||||||||||
| Owners’ equity attributable to the parent Company | Minority interests | Total owners’ equity | |||||||||||||
| Share capital | Other equity instrument | Capital reserve | Less: Inventory shares | Other comprehensive income | Reasonable reserve | Surplus reserve | Provision of general risk | Retained profit | Other | Subtotal | |||||
| Preferred stock | Perpetual capital securities | Other | |||||||||||||
| I. The ending balance of the previous year | 283,161,227.00 | 146,577,771.50 | 77,391,593.25 | -170,881,854.46 | 336,248,737.29 | 336,248,737.29 | |||||||||
| Add: Changes of accounting policy | |||||||||||||||
| Error correction of the last period | |||||||||||||||
| Enterprise combine under the same control | |||||||||||||||
| Other | |||||||||||||||
| II. The beginning balance of the current year | 283,161,227.00 | 146,577,771.50 | 77,391,593.25 | -170,881,854.46 | 336,248,737.29 | 336,248,737.29 | |||||||||
| III. Increase/ Decrease in the period (Decrease is listed with “-”) | 7,023,114.72 | 7,023,114.72 | 7,023,114.72 | ||||||||||||
| (i) Total comprehensive income | 7,023,114.72 | 7,023,114.72 | 7,023,114.72 | ||||||||||||
| (ii) Owners’ devoted and decreased capital | |||||||||||||||
| 1.Common shares invested by shareholders | |||||||||||||||
| 2. Capital invested by holders of |
| other equity instruments | |||||||||||||||
| 3. Amount reckoned into owners equity with share-based payment | |||||||||||||||
| 4. Other | |||||||||||||||
| (iii) Profit distribution | |||||||||||||||
| 1. Withdrawal of surplus reserves | |||||||||||||||
| 2. Withdrawal of general risk provisions | |||||||||||||||
| 3. Distribution for owners (or shareholders) | |||||||||||||||
| 4. Other | |||||||||||||||
| (iv) Carrying forward internal owners’ equity | |||||||||||||||
| 1. Capital reserves conversed to capital (share capital) | |||||||||||||||
| 2. Surplus reserves conversed to capital (share capital) | |||||||||||||||
| 3. Remedying loss with surplus |
| reserve | |||||||||||||||
| 4. Carry-over retained earnings from the defined benefit plans | |||||||||||||||
| 5. Carry-over retained earnings from other comprehensive income | |||||||||||||||
| 6. Other | |||||||||||||||
| (v) Reasonable reserve | |||||||||||||||
| 1. Withdrawal in the report period | |||||||||||||||
| 2. Usage in the report period | |||||||||||||||
| (vi) Others | |||||||||||||||
| IV. Balance at the end of the period | 283,161,227.00 | 146,577,771.50 | 77,391,593.25 | -163,858,739.74 | 343,271,852.01 | 343,271,852.01 |
Revised content:
I. Audit report
Whether the semi annual report is audited
□ Yes √ No
The company's semi annual financial report has not been auditedII. Financial StatementStatement in Financial Notes are carried in RMB/CNY
1. Consolidated Balance Sheet
Prepared by SHENZHEN ZHONGHENG HUAFA CO., LTD.
In RMB
| Item | June 30, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary funds | 59,612,186.22 | 60,968,053.58 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | 491,683.78 | 20,240,464.79 |
| Account receivable | 135,750,939.59 | 128,063,911.79 |
| Receivable financing | 5,774,948.69 | 10,057,385.11 |
| Accounts paid in advance | 31,961,398.64 | 39,643,255.11 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 22,540,779.20 | 4,466,949.96 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 129,877,952.00 | 70,166,013.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 741,380.21 | 4,255,643.19 |
| Total current assets | 386,751,268.33 | 337,861,677.02 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument |
| Other non-current financial assets | ||
| Investment real estate | 46,360,497.13 | 47,224,662.27 |
| Fixed assets | 191,477,026.08 | 193,605,444.53 |
| Construction in progress | 740,000.00 | 740,000.00 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 39,945,399.92 | 40,820,657.80 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 623,601.59 | 77,445.31 |
| Deferred income tax asset | 7,383,734.13 | 7,383,734.13 |
| Other non-current asset | 66,000.00 | 66,000.00 |
| Total non-current asset | 286,596,258.85 | 289,917,944.04 |
| Total assets | 673,347,527.18 | 627,779,621.06 |
| Current liabilities: | ||
| Short-term loans | 51,089,579.00 | 12,527,808.00 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 42,983,519.37 | 37,416,381.20 |
| Account payable | 116,056,638.57 | 98,318,239.88 |
| Accounts received in advance | ||
| Contractual liability | 765,555.97 | 287,140.66 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 3,886,717.29 | 5,737,366.59 |
| Taxes payable | 12,933,110.63 | 14,204,642.62 |
| Other account payable | 37,074,456.45 | 27,608,281.01 |
| Including: Interest payable | 179,523.72 | 26,335.66 |
| Dividend payable |
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 12,000,000.00 | |
| Other current liabilities | 211,799.13 | 18,322,972.81 |
| Total current liabilities | 265,001,376.41 | 226,422,832.77 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 61,000,000.00 | 61,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | 4,043,640.00 | 4,043,640.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 65,108,051.00 | 65,108,051.00 |
| Total liabilities | 330,109,427.41 | 291,530,883.77 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,577,771.50 | 146,577,771.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -163,892,491.98 | -170,881,854.46 |
| Total owner’ s equity attributable to parent company | 343,238,099.77 | 336,248,737.29 |
| Minority interests | ||
| Total owner’ s equity | 343,238,099.77 | 336,248,737.29 |
| Total liabilities and owner’ s equity | 673,347,527.18 | 627,779,621.06 |
Legal Representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institute: Chuai Guoxu
3. Consolidated Profit Statement
In RMB
| Item | 2021 semi-annual | 2020 semi-annual |
| I. Total operating income | 391,633,808.55 | 300,703,421.38 |
| Including: Operating income | 391,633,808.55 | 300,703,421.38 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 381,924,442.73 | 297,053,804.80 |
| Including: Operating cost | 334,523,805.25 | 263,959,652.63 |
| 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 | 1,428,361.92 | 1,004,056.05 |
| Sales expense | 14,094,617.96 | 9,100,079.39 |
| Administrative expense | 22,680,307.24 | 17,082,362.66 |
| R&D expense | 3,955,647.50 | 2,423,425.26 |
| Financial expense | 5,241,702.86 | 3,484,228.81 |
| Including: Interest expenses | 3,774,381.48 | 4,018,202.27 |
| Interest income | 189,945.55 | 11,856.69 |
| Add: Other income | 3,553.35 | 348,540.00 |
| Investment income (Loss is listed with “-”) | 149,767.58 | 66,780.40 |
| Including: Investment income on affiliated company and joint venture | ||
| 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 “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | -1,350,000.00 | |
| Income from assets disposal (Loss is listed with “-”) | -99,867.53 | |
| III. Operating profit (Loss is listed with “-”) | 8,512,686.75 | 3,965,069.45 |
| Add: Non-operating income | 276,599.04 | 45,200.06 |
| Less: Non-operating expense | 215,202.92 | 7,302.38 |
| IV. Total profit (Loss is listed with “-”) | 8,574,082.87 | 4,002,967.13 |
| Less: Income tax expense | 1,584,720.39 | 837,369.58 |
| V. Net profit (Net loss is listed with “-”) | 6,989,362.48 | 3,165,597.55 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 6,989,362.48 | 3,165,597.55 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 6,989,362.48 | 3,165,597.55 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other |
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 6,989,362.48 | 3,165,597.55 |
| Total comprehensive income attributable to owners of parent Company | 6,989,362.48 | 3,165,597.55 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0248 | 0.0112 |
| (ii) Diluted earnings per share | 0.0248 | 0.0112 |
7. Statement of Changes in Owners’ Equity (Consolidated)
Current Amount
In RMB
| Item | Semi-annual of 2021 | ||||||||||||||
| Owners’ equity attributable to the parent Company | Minority interests | Total owners’ equity | |||||||||||||
| Share capital | Other equity instrument | Capital reserve | Less: Inventory shares | Other comprehensive income | Reasonable reserve | Surplus reserve | Provision of general risk | Retained profit | Other | Subtotal | |||||
| Preferred stock | Perpetual capital sec | Other | |||||||||||||
| urities | |||||||||||||||
| I. The ending balance of the previous year | 283,161,227.00 | 146,577,771.50 | 77,391,593.25 | -170,881,854.46 | 336,248,737.29 | 336,248,737.29 | |||||||||
| Add: Changes of accounting policy | |||||||||||||||
| Error correction of the last period | |||||||||||||||
| Enterprise combine under the same control | |||||||||||||||
| Other | |||||||||||||||
| II. The beginning balance of the current year | 283,161,227.00 | 146,577,771.50 | 77,391,593.25 | -170,881,854.46 | 336,248,737.29 | 336,248,737.29 | |||||||||
| III. Increase/ Decrease in the period (Decrease is listed with “-”) | 6,989,362.48 | 6,989,362.48 | 6,989,362.48 | ||||||||||||
| (i) Total comprehensive income | 6,989,362.48 | 6,989,362.48 | 6,989,362.48 | ||||||||||||
| (ii) Owners’ devoted and decreased capital | |||||||||||||||
| 1.Common shares invested by shareholders | |||||||||||||||
| 2. Capital |
| invested by holders of other equity instruments | |||||||||||||||
| 3. Amount reckoned into owners equity with share-based payment | |||||||||||||||
| 4. Other | |||||||||||||||
| (iii) Profit distribution | |||||||||||||||
| 1. Withdrawal of surplus reserves | |||||||||||||||
| 2. Withdrawal of general risk provisions | |||||||||||||||
| 3. Distribution for owners (or shareholders) | |||||||||||||||
| 4. Other | |||||||||||||||
| (iv) Carrying forward internal owners’ equity | |||||||||||||||
| 1. Capital reserves conversed to capital (share capital) | |||||||||||||||
| 2. Surplus reserves conversed to capital (share capital) | |||||||||||||||
| 3. Remedying |
| loss with surplus reserve | |||||||||||||||
| 4. Carry-over retained earnings from the defined benefit plans | |||||||||||||||
| 5. Carry-over retained earnings from other comprehensive income | |||||||||||||||
| 6. Other | |||||||||||||||
| (v) Reasonable reserve | |||||||||||||||
| 1. Withdrawal in the report period | |||||||||||||||
| 2. Usage in the report period | |||||||||||||||
| (vi) Others | |||||||||||||||
| IV. Balance at the end of the period | 283,161,227.00 | 146,577,771.50 | 77,391,593.25 | -163,892,491.98 | 343,238,099.77 | 343,238,099.77 |
（四）Section X. Financial Report
V. Important accounting policy and estimation
15. Inventory
15.1 Categories of inventory
The inventory is goods or manufactured products held for sale, products in process, and materials and mattersutilized in the production or supply of labor. Mainly including raw material, revolving materials (wrappage andlow-value consumption goods etc.), outside processing materials, goods in process, semi-finished goods, stocksand so on.
15.2 Accounting method for inventory delivery
When inventories are issued, the actual cost is determined by the first in first out method.
15.3 Accrual method inventory falling price reserves
On the balance sheet day, the inventory is measured on the lower one between the cost and the net realizable value,and the provision for the falling price reserves is accrued on each inventory item; however, as for the inventory oflarge quantity and low price, the provision is accrued on the inventory category.
15.4 Inventory system
Inventory system of the Company is perpetual inventory system
15.5 Amortization method for the low-value consumables and wrap page
Low-value consumables and packages are amortized by one-point method
Revised content:
15. Inventory
15.1 Categories of inventory
The inventory is goods or manufactured products held for sale, products in process, and materials and mattersutilized in the production or supply of labor. Mainly including raw material, revolving materials (wrappage andlow-value consumption goods etc.), outside processing materials, goods in process, semi-finished goods, stocksand so on.
15.2 Accounting method for inventory delivery
When inventories are issued, the actual cost is determined by monthly weighted average method.
15.3 Accrual method inventory falling price reserves
On the balance sheet day, the inventory is measured on the lower one between the cost and the net realizable value,and the provision for the falling price reserves is accrued on each inventory item; however, as for the inventory oflarge quantity and low price, the provision is accrued on the inventory category.
15.4 Inventory system
Inventory system of the Company is perpetual inventory system
15.5 Amortization method for the low-value consumables and wrap page
Low-value consumables and packages are amortized by one-point method
（五）Section X. Financial Report
VII. Notes to main items in consolidated financial statement
9. Inventories
Whether companies need to comply with the disclosure requirements of the real estate industryNo
(1) Category
In RMB
| Item | Ending balance | Opening balance | ||||
| Book balance | Inventories fall provision or contract performance costs impairment provision | Book value | Book balance | Inventories fall provision or contract performance costs impairment provision | Book value | |
| Raw materials | 67,070,060.38 | 2,191,320.92 | 64,878,739.46 | 39,735,101.27 | 1,691,320.92 | 38,043,780.35 |
| Inventory goods | 55,795,276.78 | 2,523,369.82 | 53,271,906.96 | 27,562,913.38 | 1,673,369.82 | 25,889,543.56 |
| Homemade semi-finished products | 11,750,725.54 | 29,363.73 | 11,721,361.81 | 6,213,029.56 | 29,363.73 | 6,183,665.83 |
| Low priced and easily worn articles | 156,274.66 | 110,622.38 | 45,652.28 | 159,646.13 | 110,622.38 | 49,023.75 |
| Total | 134,772,337.36 | 4,854,676.85 | 129,917,660.51 | 73,670,690.34 | 3,504,676.85 | 70,166,013.49 |
40. Taxes payable
In RMB
| Item | Ending balance | Opening balance |
| VAT | 4,823,733.87 | 2,980,992.11 |
| Corporate income tax | 5,551,836.24 | 6,558,810.68 |
| Individual income tax | 4,493.98 | 25,195.14 |
| Urban maintenance and construction tax | 532,508.80 | 1,902,436.52 |
| Property tax | 520,220.76 | 318,618.51 |
| Land use tax | 297,696.51 | 33,280.48 |
| Educational surtax | 229,248.99 | 816,098.15 |
| Local educational surtax | 122,702.85 | 418,611.03 |
| Dike fee | 1,665.00 | 1,665.00 |
| Stamp tax | 33,429.90 | 28,895.00 |
| Disposal fund of waste electrical products | 821,530.00 | 1,120,040.00 |
| Total | 12,939,066.90 | 14,204,642.62 |
60. Retained profit
In RMB
| Item | Current period | Last period |
| Retained profit at the end of the previous period before adjustment | -170,881,854.46 | -177,712,041.86 |
| Retained profit at period-begin after adjustment | -170,881,854.46 | -177,712,041.86 |
| Add: net profit attributable to owners of the parent company | 7,023,114.72 | 3,165,597.55 |
| Retained profit at period-end | -163,858,739.74 | -174,546,444.31 |
61. Operating revenue and cost
In RMB
| Item | Current Period | Last Period | ||
| Revenue | Cost | Revenue | Cost | |
| Main business | 323,468,602.68 | 282,596,348.19 | 268,465,953.89 | 249,723,766.92 |
| Other business | 68,165,205.87 | 47,447,861.39 | 32,237,467.49 | 14,235,885.71 |
| Total | 391,633,808.55 | 330,044,209.58 | 300,703,421.38 | 263,959,652.63 |
76. Income tax expense
(1) Statement of income tax expense
In RMB
| Item | Current Period | Last Period |
| Current income tax expense | 1,590,676.66 | 982,790.94 |
| Deferred income tax expense | -145,421.36 | |
| Total | 1,590,676.66 | 837,369.58 |
(2) Adjustment on accounting profit and income tax expenses
In RMB
| Item | Current Period |
| Total profit | 8,613,791.38 |
| Income tax based on statutory/applicable rate | 2,490,947.85 |
| Impact by different tax rate applied by subsidies | 230,760.37 |
| Impact of deductible loss of un-recognized deferred income tax assets in the prior period of use | -145,421.36 |
| Income tax expense | 1,590,676.66 |
Revised content:
9. Inventories
Whether companies need to comply with the disclosure requirements of the real estate industryNo
(1) Category
In RMB
| Item | Ending balance | Opening balance | ||||
| Book balance | Inventories fall provision or contract performance costs impairment provision | Book value | Book balance | Inventories fall provision or contract performance costs impairment provision | Book value | |
| Raw materials | 67,070,060.38 | 2,191,320.92 | 64,878,739.46 | 39,735,101.27 | 1,691,320.92 | 38,043,780.35 |
| Inventory goods | 55,755,568.27 | 2,523,369.82 | 53,232,198.45 | 27,562,913.38 | 1,673,369.82 | 25,889,543.56 |
| Homemade semi-finished products | 11,750,725.54 | 29,363.73 | 11,721,361.81 | 6,213,029.56 | 29,363.73 | 6,183,665.83 |
| Low priced and easily worn articles | 156,274.66 | 110,622.38 | 45,652.28 | 159,646.13 | 110,622.38 | 49,023.75 |
| Total | 134,772,337.36 | 4,854,676.85 | 129,877,952.00 | 73,670,690.34 | 3,504,676.85 | 70,166,013.49 |
40. Taxes payable
In RMB
| Item | Ending balance | Opening balance |
| VAT | 4,823,733.87 | 2,980,992.11 |
| Corporate income tax | 5,545,879.97 | 6,558,810.68 |
| Individual income tax | 4,493.98 | 25,195.14 |
| Urban maintenance and construction tax | 532,508.80 | 1,902,436.52 |
| Property tax | 520,220.76 | 318,618.51 |
| Land use tax | 297,696.51 | 33,280.48 |
| Educational surtax | 229,248.99 | 816,098.15 |
| Local educational surtax | 122,702.85 | 418,611.03 |
| Dike fee | 1,665.00 | 1,665.00 |
| Stamp tax | 33,429.90 | 28,895.00 |
| Disposal fund of waste electrical products | 821,530.00 | 1,120,040.00 |
| Total | 12,933,110.63 | 14,204,642.62 |
60. Retained profit
In RMB
| Item | Current period | Last period |
| Retained profit at the end of the previous period before adjustment | -170,881,854.46 | -177,712,041.86 |
| Retained profit at period-begin after adjustment | -170,881,854.46 | -177,712,041.86 |
| Add: net profit attributable to owners of the parent company | 6,989,362.48 | 3,165,597.55 |
| Retained profit at period-end | -163,892,491.98 | -174,546,444.31 |
61. Operating revenue and cost
In RMB
| Item | Current Period | Last Period | ||
| Revenue | Cost | Revenue | Cost | |
| Main business | 323,468,602.68 | 287,075,943.86 | 268,465,953.89 | 249,723,766.92 |
| Other business | 68,165,205.87 | 47,447,861.39 | 32,237,467.49 | 14,235,885.71 |
| Total | 391,633,808.55 | 334,523,805.25 | 300,703,421.38 | 263,959,652.63 |
76. Income tax expense
(1) Statement of income tax expense
In RMB
| Item | Current Period | Last Period |
| Current income tax expense | 1,584,720.39 | 982,790.94 |
| Deferred income tax expense | -145,421.36 | |
| Total | 1,584,720.39 | 837,369.58 |
(2) Adjustment on accounting profit and income tax expenses
In RMB
| Item | Current Period |
| Total profit | 8,574,082.87 |
| Income tax based on statutory/applicable rate | 2,490,947.85 |
| Impact by different tax rate applied by subsidies | 230,760.37 |
| Impact of deductible loss of un-recognized deferred income tax assets in the prior period of use | -145,421.36 |
| Income tax expense | 1,584,720.39 |
四、The original Summary of Semi-Annual Report 2021
（一）II. Basic information of the company
2. Main financial data and index
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √ No
| Current Period | Same period of last year | Increase/decrease in this report y-o-y | |
| Operating revenue (RMB) | 391,633,808.55 | 300,703,421.38 | 30.24% |
| Net profit attributable to shareholders of the listed Company (RMB) | 7,023,114.72 | 3,165,597.55 | 121.86% |
| Net profit attributable to shareholders of the listed Company after deducting non-recurring gains and losses (RMB) | 7,067,951.02 | 3,167,896.46 | 123.11% |
| Net cash flow arising from operating activities (RMB) | -21,818,369.59 | 21,200,212.24 | -202.92% |
| Basic earnings per share (RMB/Share) (note 1) | 0.0248 | 0.0112 | 121.43% |
| Diluted earnings per share (RMB/Share) | 0.0248 | 0.0112 | 121.43% |
| Weighted average ROE | 2.07% | 0.96% | 1.11% |
| End of current period | End of last period | Increase/decrease in this report-end over that of last period-end (+,-) | |
| Total assets (RMB) | 673,387,235.69 | 627,779,621.06 | 7.26% |
| Net assets attributable to shareholder of listed Company (RMB) | 343,271,852.01 | 336,248,737.29 | 2.09% |
Revised content:
2. Main financial data and index
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √ No
| Current Period | Same period of last year | Increase/decrease in this report y-o-y | |
| Operating revenue (RMB) | 391,633,808.55 | 300,703,421.38 | 30.24% |
| Net profit attributable to shareholders of the listed Company (RMB) | 6,989,362.48 | 3,165,597.55 | 120.79% |
| Net profit attributable to shareholders of the listed Company after deducting non-recurring gains and losses (RMB) | 7,034,198.78 | 3,167,896.46 | 122.05% |
| Net cash flow arising from operating activities (RMB) | -21,818,369.59 | 21,200,212.24 | -202.92% |
| Basic earnings per share (RMB/Share) (note 1) | 0.0248 | 0.0112 | 121.43% |
| Diluted earnings per share (RMB/Share) | 0.0248 | 0.0112 | 121.43% |
| Weighted average ROE | 2.07% | 0.96% | 1.11% |
| End of current period | End of last period | Increase/decrease in this report-end over that of last period-end (+,-) | |
| Total assets (RMB) | 673,347,527.18 | 627,779,621.06 | 7.26% |
| Net assets attributable to shareholder of listed Company (RMB) | 343,238,099.77 | 336,248,737.29 | 2.08% |
五、The original The Third Quarter Report 2021
（一）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 | Increase/decrease in | Year-begin to | Increase/decrease from |
| the period compared with the same period of the previous year | period-end | year-begin to period-end compared with the same period of the previous year | ||
| Operating income (Yuan) | 211,898,917.91 | 5.85% | 603,532,726.46 | 20.49% |
| Net profit attributable to shareholders of the listed company (Yuan) | 1,141,094.84 | -32.30% | 8,164,209.56 | 68.30% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (Yuan) | 572,226.97 | -48.38% | 7,384,177.99 | 72.67% |
| Net cash flow arising from operating activities (Yuan) | —— | —— | -24,053,649.58 | -275.69% |
| Basic earnings per share (Yuan /Share) | 0.004 | -33.33% | 0.0288 | 68.42% |
| Diluted earnings per share (Yuan /Share) | 0.004 | -33.33% | 0.0288 | 68.42% |
| Weighted average ROE | 0.33% | -0.19% | 2.17% | 0.71% |
| End of current period | End of previous year | Increase/decrease at the period-end compared with the end of the previous year | ||
| Total assets (Yuan) | 670,460,370.67 | 627,779,621.06 | 6.80% | |
| Net assets attributable to shareholder of listed company (Yuan) | 345,436,154.94 | 336,248,737.29 | 2.73% | |
Revised content:
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 | Increase/decrease in the period compared with the same period | Year-begin to period-end | Increase/decrease from year-begin to period-end compared with the same period |
| of the previous year | of the previous year | |||
| Operating income (Yuan) | 211,898,917.91 | 5.85% | 603,532,726.46 | 20.49% |
| Net profit attributable to shareholders of the listed company (Yuan) | 1,123,649.14 | -33.33% | 8,113,011.63 | 67.24% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (Yuan) | 554,781.27 | -49.95% | 7,332,980.06 | 72.67% |
| Net cash flow arising from operating activities (Yuan) | —— | —— | -24,053,649.58 | -275.69% |
| Basic earnings per share (Yuan /Share) | 0.004 | -33.33% | 0.0288 | 68.42% |
| Diluted earnings per share (Yuan /Share) | 0.004 | -33.33% | 0.0288 | 68.42% |
| Weighted average ROE | 0.33% | -0.19% | 2.17% | 0.71% |
| End of current period | End of previous year | Increase/decrease at the period-end compared with the end of the previous year | ||
| Total assets (Yuan) | 669,050,137.81 | 627,779,621.06 | 6.57% | |
| Net assets attributable to shareholder of listed company (Yuan) | 344,361,748.92 | 336,248,737.29 | 2.41% | |
（二）(iii) Particulars about changes in items of main accounting data and financial index and explanations
of reasons
√ Applicable □Not applicable
| Item | January-September 2021 | January-September 2020 | Changes ratio | Reason |
| R&D expenses | 5,653,280.67 | 4,313,254.44 | 31% | Salary for R&D from Hengfa increased |
| Other income | 345,453.35 | 645,623.00 | -46% | Government subsidy of Hengfa |
| Investment income | 238,661.58 | 103,172.15 | 131% | Gains on acceptance margin from Hengfa |
| Asset disposal income | 21,059.60 | -93,373.67 | -123% | Disposal the company’s vehicles |
Non-operating income
| Non-operating income | 394,744.60 | 681,877.61 | -42% | Government subsidy received |
| at the period-end was less than those received in the same period last year | ||||
| Non-operating expenses | 219,887.56 | 7,302.38 | 2911% | Disposal of fixed assets |
| Item | September 30, 2021 | September 30, 2021 | Changes ratio | Reason |
| Accounts receivable financing | 5,774,948.69 | 25,436,468.30 | -77% | Decrease in the amount of promissory note |
| Inventory | 99,966,463.28 | 61,964,943.06 | 61% | Due to the impact of international epidemic, some raw materials are in short supply in the market, inventory of the Company are increased in an appropriated amount according to the operation needs |
Other current assets
| Other current assets | 741,380.21 | 234,014.36 | 217% | VAT retention credit |
| Long-term prepaid expenses | 568,577.93 | 135,529.27 | 320% | The contract signed through system, and the expenses to be amortized increased |
| Thhe Short-term loan | 39,841,600.00 | 13,660,894.00 | 192% | Borrowings of Hengfa increased |
| Contract liabilities | 574,325.56 | 2,575,945.15 | -78% | Account received in advance declined |
Interest payable
| Interest payable | 124,190.30 | 32,583.49 | 281% | Borrowings increased in the period, and the interest increased |
| Non-current liabilities due within one year | 12,000,000.00 | -100% | Reclassification of long-term loans |
Revised content:
(iii) Particulars about changes in items of main accounting data and financial index and explanations ofreasons
√ Applicable □Not applicable
| Item | January-September 2021 | January-September 2020 | Changes ratio | Reason |
| R&D expenses | 5,653,280.67 | 4,313,254.44 | 31% | Salary for R&D from Hengfa increased |
| Other income | 345,453.35 | 645,623.00 | -46% | Government subsidy of Hengfa |
| Investment income | 238,661.58 | 103,172.15 | 131% | Gains on acceptance margin from Hengfa |
| Asset disposal income | 21,059.60 | -93,373.67 | -123% | Disposal the company’s vehicles |
| Non-operating income | 394,744.60 | 681,877.61 | -42% | Government subsidy received at the period-end was less than those received in the same period last year |
Non-operating expenses
| Non-operating expenses | 219,887.56 | 7,302.38 | 2911% | Disposal of fixed assets |
| Item | September 30, 2021 | September 30, 202 | Changes ratio | Reason |
| Accounts receivable financing | 5,774,948.69 | 25,436,468.30 | -77% | Decrease in the amount of promissory note |
Inventory
| Inventory | 98,556,230.42 | 61,964,943.06 | 59% | Due to the impact of international epidemic, some raw materials are in short supply in the market, inventory of the Company are increased in an appropriated amount according to the operation needs |
| Other current assets | 741,380.21 | 234,014.36 | 217% | VAT retention credit |
Long-term prepaid expenses
| Long-term prepaid expenses | 568,577.93 | 135,529.27 | 320% | The contract signed through system, and the expenses to be amortized increased |
| Thhe Short-term loan | 39,841,600.00 | 13,660,894.00 | 192% | Borrowings of Hengfa increased |
| Contract liabilities | 574,325.56 | 2,575,945.15 | -78% | Account received in advance declined |
| Interest payable | 124,190.30 | 32,583.49 | 281% | Borrowings increased in the period, and the interest increased |
| Non-current liabilities due within one year | 12,000,000.00 | -100% | Reclassification of long-term loans |
（三）IV. Quarterly financial statements
(i) Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
September 30, 2021
Unit: Yuan
| Item | September 30, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary fund | 42,948,262.54 | 60,968,053.58 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | 43,892,072.62 | 20,240,464.79 |
| Account receivable | 144,703,950.74 | 128,063,911.79 |
| Receivable financing | 5,774,948.69 | 10,057,385.11 |
| Accounts paid in advance | 19,408,972.82 | 39,643,255.11 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 29,057,128.91 | 4,466,949.96 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 99,966,463.28 | 70,166,013.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 741,380.21 | 4,255,643.19 |
| Total current assets | 386,493,179.81 | 337,861,677.02 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial |
| assets | ||
| Investment real estate | 45,928,414.57 | 47,224,662.27 |
| Fixed assets | 189,772,693.25 | 193,605,444.53 |
| Construction in progress | 740,000.00 | 740,000.00 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 39,507,770.98 | 40,820,657.80 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 568,577.93 | 77,445.31 |
| Deferred income tax asset | 7,383,734.13 | 7,383,734.13 |
| Other non-current asset | 66,000.00 | 66,000.00 |
| Total non-current asset | 283,967,190.86 | 289,917,944.04 |
| Total assets | 670,460,370.67 | 627,779,621.06 |
| Current liabilities: | ||
| Short-term loans | 39,841,600.00 | 12,527,808.00 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 33,139,828.80 | 37,416,381.20 |
| Account payable | 131,338,903.49 | 98,318,239.88 |
| Accounts received in advance | ||
| Contractual liability | 574,325.56 | 287,140.66 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 4,376,465.86 | 5,737,366.59 |
| Taxes payable | 12,214,983.25 | 14,204,642.62 |
| Other account payable | 22,295,013.77 | 27,608,281.01 |
| Including: Interest payable | 124,190.30 | 26,335.66 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 12,000,000.00 | |
| Other current liabilities | 16,135,044.00 | 18,322,972.81 |
| Total current liabilities | 259,916,164.73 | 226,422,832.77 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 61,000,000.00 | 61,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | 4,043,640.00 | 4,043,640.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 65,108,051.00 | 65,108,051.00 |
| Total liabilities | 325,024,215.73 | 291,530,883.77 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,577,771.50 | 146,577,771.50 |
| Less: Inventory shares |
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -161,694,436.81 | -170,881,854.46 |
| Total owner’ s equity attributable to parent company | 345,436,154.94 | 336,248,737.29 |
| Minority interests | ||
| Total owner’ s equity | 345,436,154.94 | 336,248,737.29 |
| Total liabilities and owner’ s equity | 670,460,370.67 | 627,779,621.06 |
2. Consolidated Profit Statement (from the year-begin to the period-end)
Unit: Yuan
| Item | Current period | Last period |
| I. Total operating income | 603,532,726.46 | 500,887,222.16 |
| Including: Operating income | 603,532,726.46 | 500,887,222.16 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 592,220,186.01 | 496,032,602.64 |
| Including: Operating cost | 525,633,691.80 | 436,770,935.85 |
| 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 | 2,180,093.13 | 1,697,965.55 |
| Sales expense | 18,991,695.17 | 14,895,442.53 |
| Administrative expense | 33,036,011.08 | 29,667,000.90 |
| R&D expense | 5,653,280.67 | 4,313,254.44 |
| Financial expense | 6,725,414.16 | 8,688,003.37 |
| Including: Interest expenses | 5,977,916.47 | 6,620,657.92 |
| Interest income | 234,372.30 | -694,194.83 |
| Add: other income | 345,453.35 | 645,623.00 |
| Investment income (Loss is listed with “-”) | 238,661.58 | 103,172.15 |
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | -1,350,000.00 | |
| Income from assets disposal (Loss is listed with “-”) | 21,059.60 | -93,373.67 |
| III. Operating profit (Loss is listed with “-”) | 10,567,714.98 | 5,510,041.00 |
| Add: Non-operating income | 394,744.60 | 681,877.61 |
| Less: Non-operating expense | 219,887.56 | 7,302.38 |
| IV. Total profit (Loss is listed with “-”) | 10,742,572.02 | 6,184,616.23 |
| Less: Income tax expense | 2,578,362.46 | 1,333,529.74 |
| V. Net profit (Net loss is listed with “-”) | 8,164,209.56 | 4,851,086.49 |
| (i) Classify by business continuity |
| 1.continuous operating net profit (net loss listed with ‘-”) | 8,164,209.56 | 4,851,086.49 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 8,164,209.56 | 4,851,086.49 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment |
| provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 8,164,209.56 | 4,851,086.49 |
| Total comprehensive income attributable to owners of parent Company | 8,164,209.56 | 4,851,086.49 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0288 | 0.0171 |
| (ii) Diluted earnings per share | 0.0288 | 0.0171 |
Revised content:
(i) Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd.
September 30, 2021
Unit: Yuan
| Item | September 30, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary fund | 42,948,262.54 | 60,968,053.58 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | 43,892,072.62 | 20,240,464.79 |
| Account receivable | 144,703,950.74 | 128,063,911.79 |
| Receivable financing | 5,774,948.69 | 10,057,385.11 |
| Accounts paid in advance | 19,408,972.82 | 39,643,255.11 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 29,057,128.91 | 4,466,949.96 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 98,556,230.42 | 70,166,013.49 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 741,380.21 | 4,255,643.19 |
| Total current assets | 385,082,946.95 | 337,861,677.02 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 45,928,414.57 | 47,224,662.27 |
| Fixed assets | 189,772,693.25 | 193,605,444.53 |
| Construction in progress | 740,000.00 | 740,000.00 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 39,507,770.98 | 40,820,657.80 |
| Expense on Research and Development |
| Goodwill | ||
| Long-term expenses to be apportioned | 568,577.93 | 77,445.31 |
| Deferred income tax asset | 7,383,734.13 | 7,383,734.13 |
| Other non-current asset | 66,000.00 | 66,000.00 |
| Total non-current asset | 283,967,190.86 | 289,917,944.04 |
| Total assets | 669,050,137.81 | 627,779,621.06 |
| Current liabilities: | ||
| Short-term loans | 39,841,600.00 | 12,527,808.00 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 33,139,828.80 | 37,416,381.20 |
| Account payable | 131,338,903.49 | 98,318,239.88 |
| Accounts received in advance | ||
| Contractual liability | 574,325.56 | 287,140.66 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 4,376,465.86 | 5,737,366.59 |
| Taxes payable | 11,979,156.41 | 14,204,642.62 |
| Other account payable | 22,295,013.77 | 27,608,281.01 |
| Including: Interest payable | 124,190.30 | 26,335.66 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 12,000,000.00 | |
| Other current liabilities | 16,135,044.00 | 18,322,972.81 |
| Total current liabilities | 259,580,337.89 | 226,422,832.77 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 61,000,000.00 | 61,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | 4,043,640.00 | 4,043,640.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 65,108,051.00 | 65,108,051.00 |
| Total liabilities | 324,688,388.89 | 291,530,883.77 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,577,771.50 | 146,577,771.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -162,768,842.83 | -170,881,854.46 |
| Total owner’ s equity attributable to parent company | 344,361,748.92 | 336,248,737.29 |
| Minority interests | ||
| Total owner’ s equity | 344,361,748.92 | 336,248,737.29 |
| Total liabilities and owner’ s equity | 669,050,137.81 | 627,779,621.06 |
2. Consolidated Profit Statement (from the year-begin to the period-end)
Unit: Yuan
| Item | Current period | Last period |
| I. Total operating income | 603,532,726.46 | 500,887,222.16 |
| Including: Operating income | 603,532,726.46 | 500,887,222.16 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 592,280,418.87 | 496,032,602.64 |
| Including: Operating cost | 525,693,924.66 | 436,770,935.85 |
| 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 | 2,180,093.13 | 1,697,965.55 |
| Sales expense | 18,991,695.17 | 14,895,442.53 |
| Administrative expense | 33,036,011.08 | 29,667,000.90 |
| R&D expense | 5,653,280.67 | 4,313,254.44 |
| Financial expense | 6,725,414.16 | 8,688,003.37 |
| Including: Interest expenses | 5,977,916.47 | 6,620,657.92 |
| Interest income | 234,372.30 | -694,194.83 |
| Add: other income | 345,453.35 | 645,623.00 |
| Investment income (Loss is listed with “-”) | 238,661.58 | 103,172.15 |
| Including: Investment income on affiliated company and joint |
| venture | ||
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | -1,350,000.00 | |
| Income from assets disposal (Loss is listed with “-”) | 21,059.60 | -93,373.67 |
| III. Operating profit (Loss is listed with “-”) | 10,507,482.12 | 5,510,041.00 |
| Add: Non-operating income | 394,744.60 | 681,877.61 |
| Less: Non-operating expense | 219,887.56 | 7,302.38 |
| IV. Total profit (Loss is listed with “-”) | 10,682,339.16 | 6,184,616.23 |
| Less: Income tax expense | 2,569,327.53 | 1,333,529.74 |
| V. Net profit (Net loss is listed with “-”) | 8,113,011.63 | 4,851,086.49 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 8,113,011.63 | 4,851,086.49 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 8,113,011.63 | 4,851,086.49 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive |
| income attributable to owners of parent company | ||
| (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 8,113,011.63 | 4,851,086.49 |
| Total comprehensive income | 8,113,011.63 | 4,851,086.49 |
| attributable to owners of parent Company | ||
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0288 | 0.0171 |
| (ii) Diluted earnings per share | 0.0288 | 0.0171 |