Shenzhen Tellus Holding Co., Ltd.
The Third Quarterly Report For 2018
October 2018
Section I. Important Notice
Board of Directors, Supervisory Committee, all directors, supervisors and seniorexecutives of Shenzhen Tellus Holding Co., Ltd. (hereinafter referred to as theCompany) hereby confirm that there are no any fictitious statements, misleadingstatements, or important omissions carried in this report, and shall take allresponsibilities, individual and/or joint, for the reality, accuracy and completionof the whole contents.
All directors are present the meeting of the Board for deliberating the ThirdQuarter Report of the Company in person.
Fu Chunlong, person in charge of the Company, head of the accounting worksLou Hong and Liu Yuhong, accounting body principals (accountant in charge)hereby confirm that the Financial Report of the Third Quarterly Report isauthentic, accurate and complete.
Section II. Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period-end | Period-end of last year | Increase/decrease | ||||
| Total assets (RMB) | 1,542,080,471.95 | 1,403,314,594.42 | 9.89% | |||
| Net assets attributable to shareholders of listed company (RMB) | 999,099,511.52 | 963,259,056.63 | 3.72% | |||
| Current period | Increase/decrease in comparison with same period of last year | From Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 92,625,770.58 | 19.69% | 290,580,852.31 | 21.90% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 8,920,175.03 | -44.28% | 35,840,454.89 | -11.73% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 6,816,699.27 | -48.12% | 28,915,354.95 | -6.25% | ||
| Net cash flow arising from operating activities (RMB) | -- | -- | -25,979,677.74 | -165.30% | ||
| Basic earnings per share (RMB/Share) | 0.0300 | -44.24% | 0.1206 | -11.71% | ||
| Diluted earnings per share (RMB/Share) | 0.0300 | -44.24% | 0.1206 | -11.71% | ||
| Weighted average ROE | 0.90% | -0.83% | 3.65% | -0.78% | ||
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
| Item | Amount from year-begin to end of the Period | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 1,308,598.25 | Income from equity transfer |
| Capital occupancy expense, collected from non-financial enterprises and recorded in current gains and losses | 56,874.98 | |
| Except for effective hedge business relevant to normal operation of the Company, gains and losses arising from fair value change of tradable financial assets and tradable financial liabilities, and investment income from disposal of tradable financial assets, tradable financial liabilities and financial assets available for sale | 6,122,149.62 | Income from financing products |
| Restoring of receivable impairment provision that tested individually | 434,566.24 | Restoring of bad debt provision |
| Other non-operating income and expenditure except for the aforementioned items | -62,301.80 | |
| Less: impact on income tax | 571,417.14 | |
| Impact on minority shareholders’ equity (post-tax) | 363,370.21 | |
| Total | 6,925,099.94 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss.
II. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
1. Number of common shareholders and preference shareholders with voting rights recovered and top tencommon shareholders
In share
| Total number of common shareholders at the end of report period | 53,835 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | |||||
| Top ten shareholders | ||||||||
| Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | |||
| State of share | Amount | |||||||
| SHENZHEN SDG CO., LTD. | State-owned corporate | 49.09% | 145,925,256 | 0 | ||||
| Shenzhen Capital | Domestic | 22.87% | 67,974,300 | 0 | ||||
| Fortune Jewelry Industry Investment Enterprise (limited partnership) | non-state-owned corporate | |||||
| GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED | Foreign corporation | 0.40% | 1,201,304 | 0 | ||
| Li Guangxin | Domestic nature person | 0.26% | 761,161 | 0 | ||
| Agricultural Bank of China Ltd. – CSI 500 ETF | Other | 0.23% | 675,000 | 0 | ||
| Zhou Jun | Domestic nature person | 0.10% | 300,558 | 0 | ||
| He Xing | Domestic nature person | 0.10% | 300,100 | 0 | ||
| Huang Chuyun | Domestic nature person | 0.09% | 266,500 | 0 | ||
| Celestial Securities Limited | Foreign corporation | 0.07% | 196,226 | 0 | ||
| Zeng Huiming | Foreign nature person | 0.07% | 195,000 | 0 | ||
| Particular about top ten shareholders with un-restrict shares held | ||||||
| Shareholders | Amount of un-restrict shares held | Type of shares | ||||
| Type | Amount | |||||
| SHENZHEN SDG CO., LTD. | 145,925,256 | RMB ordinary shares | 145,925,256 | |||
| Shenzhen Capital Fortune Jewelry Industry Investment Enterprise (limited partnership) | 67,974,300 | RMB ordinary shares | 67,974,300 | |||
| GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED | 1,201,304 | Domestically listed foreign shares | 1,201,304 | |||
| Li Guangxin | 761,161 | Domestically listed foreign | 761,161 | |||
| shares | |||
| Agricultural Bank of China Ltd. – CSI 500 ETF | 675,000 | RMB ordinary shares | 675,000 |
| Zhou Jun | 300,558 | RMB ordinary shares | 300,558 |
| He Xing | 300,100 | Domestically listed foreign shares | 300,100 |
| Huang Chuyun | 266,500 | Domestically listed foreign shares | 266,500 |
| Celestial Securities Limited | 196,226 | Domestically listed foreign shares | 196,226 |
| Zeng Huiming | 195,000 | Domestically listed foreign shares | 195,000 |
| Explanation on associated relationship among the top ten shareholders or consistent action | Among the top ten shareholders, there exists no associated relationship between the state-owned legal person’s shareholders Shenzhen SDG Co., Ltd and other shareholders, and they do not belong to the consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Companies. For the other shareholders of circulation share, the Company is unknown whether they belong to the consistent actionist. | ||
| Explanation on top ten common shareholders involving margin business (if applicable) | N/A | ||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-backagreement dealing in reporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
| Balance Sheet | |||||
| Assets | Closing balance | Opening balance | Amount changed | Ratio changed | Causes |
| Monetary Fund | 134,142,994.92 | 161,793,218.56 | -27,650,223.64 | -17.09% | Received bonus from shareholding corporation and financial products purchased increased |
| Account receivable | 82,647,161.46 | 44,215,236.68 | 38,431,924.78 | 86.92% | Account receivable for jewelry wholesale from Sichuan Jewelry Company increased |
| Inventory | 6,668,565.38 | 12,646,227.22 | -5,977,661.84 | -47.27% | Stock vehicles from Huari Company at period-end declined |
| Other current assets | 322,657,535.53 | 219,582,250.70 | 103,075,284.83 | 46.94% | Purchased more financial products |
| Long term equity investment | 244,427,019.71 | 284,464,749.15 | -40,037,729.44 | -14.07% | Accrual investment income changes on equity method by shareholding corporation, bonus of Zung Fu Tellus |
| Short-term loans | 143,000,000.00 | 120,000,000.00 | 23,000,000.00 | 19.17% | Loans of current capital from the bank increased in the period |
| Long-term loans | 34,934,887.55 | 38,600,000.00 | -3,665,112.45 | -9.50% | Bank loans payment |
| Retained profit | 133,639,050.69 | 97,798,595.80 | 35,840,454.89 | 36.65% | Net profit attributable to owners of parent company increased in the period |
| Minority’s interest | 49,559,553.75 | 34,764,517.26 | 14,795,036.49 | 42.56% | Investment contribution from minority are received by Sichuan Jewelry Company in the period |
| Account paid in advance | 10,269,037.50 | 3,737,706.70 | 6,531,330.80 | 174.74% | The account for vehicle purchasement are prepaid by Huari Company; the rental prepaid by Tellus Starlight Jinzun |
| Other account receivable | 24,904,867.79 | 15,820,265.08 | 9,084,602.71 | 57.42% | Account of maintenance works are hanging |
| Fixed assets | 548,534,875.93 | 120,296,822.84 | 428,238,053.09 | 355.98% | The first phase of Shuibei Jewelry Building transfer-in |
| Construction in progress | 9,863,136.26 | 378,160,896.69 | -368,297,760.43 | -97.39% | The first phase of Shuibei Jewelry Building transfer-out |
| Account payables | 74,987,733.36 | 28,032,708.69 | 46,955,024.67 | 167.50% | Payable for engineering of first phase of Shuibei Jewelry Building |
| Account received in advance | 9,014,522.68 | 13,790,019.47 | -4,775,496.79 | -34.63% | Vehicle-sales account received by Huari Company are carry-over as income | |
| Other payables | 180,335,473.86 | 153,329,405.21 | 27,006,068.65 | 17.61% | The initial account of equity transfer from Xinglong Company was hanging and loan principal & interest are paid to SDG | |
| Profit statement | ||||||
| Item | This cumulative | Same period last year | Amount changed | Ratio changed | Causes | |
| Taxes and additional | 4,328,002.45 | 4,014,862.04 | 313,140.41 | 7.80% | ||
| Income from investment | 24,781,246.51 | 22,381,239.37 | 2,400,007.14 | 10.72% | Investment income from shareholding corporation increased | |
| Net profit attributable to shareholders of listed companies | 35,840,454.89 | 40,604,639.94 | -4,764,185.05 | -11.73% | After first phase of Shuibei Jewelry Building completed, the operation costs increased for building put into used; the loan interest for other current capital increased on a y-o-y basis | |
| Financial expenses | 4,664,936.72 | 548,598.69 | 4,116,338.03 | 750.34% | The interest costs increased due to the soaring loan principal | |
| Assets impairment loss | 383,789.39 | -189,620.97 | 573,410.36 | -302.40% | Bad debt provision accrual in the period | |
| Income tax | 3,512,202.79 | 1,476,180.17 | 2,036,022.62 | 137.93% | Operation profit increased | |
| Cash flow statement | ||||||
| Item | This cumulative | Same period last year | Amount changed | Ratio changed | Causes | |
| Net cash flow arising from investment activities | -571,829.95 | -227,894,301.37 | 227,322,471.42 | -99.75% | Received the initial equity transfer amount from Xinglong Company and bonus of Zung Fu Tellus in the period; the cash in-flow increased mainly because redeemed financial products at maturity increased on a y-o-y basis |
| Net cash flow arising from financing activities | 18,901,213.52 | 97,839,101.96 | -78,937,888.44 | -80.68% | New loans declined from a year earlier and the cash out-flow increased due to the payment of loan principal & interest |
| Net increase of cash and cash equivalent | -7,650,223.64 | -90,270,292.82 | 82,620,069.18 | -91.53% | |
| Net cash flow arising from operation activities | -25,979,677.74 | 39,785,059.97 | -65,764,737.71 | -165.30% | The jewelry wholesale on credit payment from Sichuan Jewelry Company are not in the payback period |
II. Progress and influence of the main events as well as solution analysis specification
□Applicable √Not applicable
III. Commitments that the actual controller, shareholders, related party, acquirer and theCompany etc. have fulfilled during the reporting period and have not yet fulfilled by the endof reporting period
□ Applicable √ Not applicable
There are no commitments that the actual controller, shareholders, related party, acquirer and the Company etc. have fulfilled duringthe reporting period and have not yet fulfilled by the end of reporting period
IV. Estimation of operation performance for year of 2018
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation of reason
□Applicable √Not applicable
V. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
VI. Entrust finance
√Applicable □Not applicable
In 10 thousand Yuan
| Type | Capital sources | Amount entrust | Unexpired balance | Overdue amount |
| Bank financial products | Idle fund-raising | 3,950 | 3,950 | 0 |
| Bank financial products | Own funds | 30,377 | 30,227 | 0 |
| Total | 34,327 | 34,177 | 0 | |
Details of the single major amount, or high-risk entrust investment with low security, poor fluidity and non-guaranteed:
□ Applicable √ Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VII. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VIII. Registration form for receiving research, communication and interview in the reportperiod
□ Applicable √ Not applicable
No registration form for receiving research, communication or interview in the Period.
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period.
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Tellus Holding Co., Ltd.
2018-09-30
In RMB
| Item | Balance at period-end | Balance at period-begin |
| Current assets: | ||
| Monetary funds | 134,142,994.92 | 161,793,218.56 |
| Settlement provisions | ||
| Capital lent | ||
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 82,647,161.46 | 44,215,236.68 |
| Including: Notes receivable | ||
| Accounts receivable | 82,647,161.46 | 44,215,236.68 |
| Accounts paid in advance | 10,269,037.50 | 3,737,706.70 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other receivables | 24,904,867.79 | 15,820,265.08 |
| Purchase restituted finance asset | ||
| Inventories | 6,668,565.38 | 12,646,227.22 |
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 322,657,535.53 | 219,582,250.70 |
| Total current assets | 581,290,162.58 | 457,794,904.94 |
| Non-current assets: | ||
| Loans and payments on behalf |
| Finance asset available for sales | 10,176,617.20 | 10,176,617.20 |
| Held-to-maturity investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 244,427,019.71 | 284,464,749.15 |
| Investment property | 69,846,269.95 | 73,223,512.21 |
| Fixed assets | 548,534,875.93 | 120,296,822.84 |
| Construction in progress | 9,863,136.26 | 378,160,896.69 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Intangible assets | 51,334,826.42 | 52,349,686.92 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 1,569,080.02 | 1,779,713.94 |
| Deferred income tax asset | 24,364,822.26 | 24,394,028.91 |
| Other non-current asset | 673,661.62 | 673,661.62 |
| Total non-current asset | 960,790,309.37 | 945,519,689.48 |
| Total assets | 1,542,080,471.95 | 1,403,314,594.42 |
| Current liabilities: | ||
| Short-term loans | 143,000,000.00 | 120,000,000.00 |
| Loan from central bank | ||
| Absorbing deposit and interbank deposit | ||
| Capital borrowed | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable and accounts payable | 74,987,733.36 | 28,032,708.69 |
| Accounts received in advance | 9,014,522.68 | 13,790,019.47 |
| Selling financial asset of repurchase | ||
| Commission charge and commission payable | ||
| Wage payable | 21,833,172.36 | 23,171,154.53 |
| Taxes payable | 10,875,456.51 | 9,927,572.27 |
| Other accounts payable | 180,335,473.86 | 153,329,405.21 |
| Reinsurance payables |
| Insurance contract reserve | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Liability held for sale | ||
| Non-current liabilities due within 1 year | ||
| Other current liabilities | ||
| Total current liabilities | 440,046,358.77 | 348,250,860.17 |
| Non-current liabilities: | ||
| Long-term loans | 34,934,887.55 | 38,600,000.00 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Long-term account payable | 3,920,160.36 | 3,920,160.36 |
| Long-term wages payable | ||
| Projected liabilities | ||
| Deferred income | ||
| Deferred income tax liabilities | ||
| Other non-current liabilities | 14,520,000.00 | 14,520,000.00 |
| Total non-current liabilities | 53,375,047.91 | 57,040,160.36 |
| Total liabilities | 493,421,406.68 | 405,291,020.53 |
| Owner’s equity: | ||
| Share capital | 297,281,600.00 | 297,281,600.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 565,226,274.51 | 565,226,274.51 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 2,952,586.32 | 2,952,586.32 |
| Provision of general risk | ||
| Retained profit | 133,639,050.69 | 97,798,595.80 |
| Total owner’s equity attributable to parent company | 999,099,511.52 | 963,259,056.63 |
| Minority interests | 49,559,553.75 | 34,764,517.26 |
| Total owner’s equity | 1,048,659,065.27 | 998,023,573.89 |
| Total liabilities and owner’s equity | 1,542,080,471.95 | 1,403,314,594.42 |
Legal Representative: Fu ChunlongPerson in charge of accounting works: Lou HongPerson in charge of accounting institute: Liu Yuhong
2. Balance Sheet of Parent Company
In RMB
| Item | Balance at period-end | Balance at period-begin |
| Current assets: | ||
| Monetary funds | 97,759,966.16 | 97,991,738.05 |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 35,432.00 | |
| Including: Notes receivable | ||
| Accounts receivable | 35,432.00 | |
| Account paid in advance | 1,368,798.42 | |
| Other receivables | 107,835,300.10 | 99,322,267.37 |
| Inventories | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 184,500,000.00 | 203,500,000.00 |
| Total current assets | 391,499,496.68 | 400,814,005.42 |
| Non-current assets: | ||
| Available-for-sale financial assets | 10,176,617.20 | 10,176,617.20 |
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 882,729,262.28 | 789,830,758.66 |
| Investment property | 44,426,013.75 | 46,749,467.61 |
| Fixed assets | 14,924,034.13 | 15,536,781.07 |
| Construction in progress | 9,863,136.26 | 5,554,512.79 |
| Productive biological assets |
| Oil and natural gas assets | ||
| Intangible assets | 260,772.40 | 341,121.77 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | 219,772.22 | 223,715.66 |
| Deferred income tax assets | 13,840,105.19 | 13,869,311.84 |
| Other non-current assets | ||
| Total non-current assets | 976,439,713.43 | 882,282,286.60 |
| Total assets | 1,367,939,210.11 | 1,283,096,292.02 |
| Current liabilities: | ||
| Short-term borrowings | 143,000,000.00 | 120,000,000.00 |
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable and accounts payable | 14,000.00 | 14,000.00 |
| Accounts received in advance | 1,261,904.81 | 1,511.00 |
| Wage payable | 4,544,829.61 | 5,769,360.88 |
| Taxes payable | 875,467.19 | 474,977.89 |
| Other accounts payable | 327,002,910.48 | 295,942,266.75 |
| Liability held for sale | ||
| Non-current liabilities due within 1 year | ||
| Other current liabilities | ||
| Total current liabilities | 476,699,112.09 | 422,202,116.52 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Projected liabilities | ||
| Deferred income | ||
| Deferred income tax liabilities |
| Other non-current liabilities | ||
| Total non-current liabilities | ||
| Total liabilities | 476,699,112.09 | 422,202,116.52 |
| Owners’ equity: | ||
| Share capita | 297,281,600.00 | 297,281,600.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 562,032,851.23 | 562,032,851.23 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus reserve | 2,952,586.32 | 2,952,586.32 |
| Retained profit | 28,973,060.47 | -1,372,862.05 |
| Total owner’s equity | 891,240,098.02 | 860,894,175.50 |
| Total liabilities and owner’s equity | 1,367,939,210.11 | 1,283,096,292.02 |
3. Consolidated Profit Statement (the period)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 92,625,770.58 | 77,386,017.88 |
| Including: Operating income | 92,625,770.58 | 77,386,017.88 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 88,942,856.91 | 74,034,788.90 |
| Including: Operating cost | 71,323,254.04 | 57,359,692.25 |
| 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 | ||
| Operating tax and extras | 1,405,380.53 | 1,203,936.28 |
| Sales expenses | 4,706,989.97 | 4,271,637.52 |
| Administration expenses | 9,622,419.12 | 10,677,384.70 |
| R&D expenses | ||
| Financial expenses | 1,893,064.11 | 522,138.15 |
| Including: Interest expenses | 2,406,812.68 | 1,096,102.74 |
| Interest income | -572,214.18 | -635,885.48 |
| Losses of devaluation of asset | -8,250.86 | |
| Add: other income | ||
| Investment income (Loss is listed with “-”) | 6,915,224.26 | 12,744,661.13 |
| Including: Investment income on affiliated company and joint venture | 5,047,631.61 | 9,902,285.56 |
| Changing income of fair value(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | 56,271.52 | |
| III. Operating profit (Loss is listed with “-”) | 10,598,137.93 | 16,152,161.63 |
| Add: Non-operating income | -1,088.56 | 53,335.15 |
| Less: Non-operating expense | -4,080.68 | 2,310.06 |
| IV. Total Profit (Loss is listed with “-”) | 10,601,130.05 | 16,203,186.72 |
| Less: Income tax expense | 1,624,729.02 | 852,493.08 |
| V. Net profit (Net loss is listed with “-”) | 8,976,401.03 | 15,350,693.64 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 8,976,401.03 | 15,350,693.64 |
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| Net profit attributable to owner’s of | 8,920,175.03 | 16,007,734.85 |
| parent company | ||
| Minority shareholders’ gains and losses | 56,226.00 | -657,041.21 |
| 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 as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other |
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 8,976,401.03 | 15,350,693.64 |
| Total comprehensive income attributable to owners of parent Company | 8,920,175.03 | 16,007,734.85 |
| Total comprehensive income attributable to minority shareholders | 56,226.00 | -657,041.21 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0300 | 0.0538 |
| (ii) Diluted earnings per share | 0.0300 | 0.0538 |
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party beforecombination while 0 Yuan achieved last period
Legal Representative: Fu ChunlongPerson in charge of accounting works: Lou HongPerson in charge of accounting institute: Liu Yuhong4. Profit Statement of Parent Company (the period)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 10,104,292.39 | 9,834,202.78 |
| Less: Operating cost | 896,708.01 | 951,008.01 |
| Operating tax and extras | 355,004.57 | 364,342.41 |
| Sales expenses | ||
| Administration expenses | 4,612,015.01 | 5,971,215.34 |
| R&D expenses | ||
| Financial expenses | 1,351,989.53 | 364,457.26 |
| Including: Interest expenses | 1,751,845.41 | 965,820.84 |
| Interest income | -403,986.67 | -604,500.78 |
| Losses of devaluation of asset | ||
| Add: other income | ||
| Investment income (Loss is listed with “-”) | 5,373,321.58 | 9,535,534.43 |
| Including: Investment income on affiliated company and joint venture | 4,272,105.15 | 6,806,109.77 |
| Changing income of fair value(Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| II. Operating profit (Loss is listed with “-”) | 8,261,896.85 | 11,718,714.19 |
| Add: Non-operating income | 2,410.52 | |
| Less: Non-operating expense | ||
| III. Total Profit (Loss is listed with “-”) | 8,264,307.37 | 11,718,714.19 |
| Less: Income tax expense | 9,735.55 | 9,735.55 |
| IV. Net profit (Net loss is listed with “-”) | 8,254,571.82 | 11,708,978.64 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 8,254,571.82 | 11,708,978.64 |
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1. Changes as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method |
| which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| VI. Total comprehensive income | 8,254,571.82 | 11,708,978.64 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0278 | 0.0394 |
| (ii) Diluted earnings per share | 0.0278 | 0.0394 |
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 290,580,852.31 | 238,370,122.44 |
| Including: Operating income | 290,580,852.31 | 238,370,122.44 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 276,244,343.48 | 220,942,995.20 |
| Including: Operating cost | 225,063,206.15 | 175,384,506.21 |
| 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 | ||
| Operating tax and extras | 4,328,002.45 | 4,014,862.04 |
| Sales expenses | 13,044,897.24 | 11,155,242.77 |
| Administration expenses | 28,759,511.53 | 30,029,406.46 |
| R&D expenses | ||
| Financial expenses | 4,664,936.72 | 548,598.69 |
| Including: Interest expenses | 6,088,906.21 | 2,445,502.06 |
| Interest income | -1,625,516.25 | -2,032,480.91 |
| Losses of devaluation of asset | 383,789.39 | -189,620.97 |
| Add: other income | ||
| Investment income (Loss is listed with “-”) | 24,781,246.51 | 22,381,239.37 |
| Including: Investment income on affiliated company and joint venture | 17,842,932.43 | 12,831,894.41 |
| Changing income of fair value(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | 56,271.52 | |
| III. Operating profit (Loss is listed with “-”) | 39,117,755.34 | 39,864,638.13 |
| Add: Non-operating income | 33,305.83 | 372,852.32 |
| Less: Non-operating expense | 95,607.63 | 9,229.86 |
| IV. Total Profit (Loss is listed with “-”) | 39,055,453.54 | 40,228,260.59 |
| Less: Income tax expense | 3,512,202.79 | 1,476,180.17 |
| V. Net profit (Net loss is listed with “-”) | 35,543,250.75 | 38,752,080.42 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 35,543,250.75 | 38,752,080.42 |
| (ii) net profit from discontinued operation (Net loss |
| is listed with “-”) | ||
| Net profit attributable to owner’s of parent company | 35,840,454.89 | 40,604,639.94 |
| Minority shareholders’ gains and losses | -297,204.14 | -1,852,559.52 |
| 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 as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign |
| currency financial statements | ||
| 6. Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 35,543,250.75 | 38,752,080.42 |
| Total comprehensive income attributable to owners of parent Company | 35,840,454.89 | 40,604,639.94 |
| Total comprehensive income attributable to minority shareholders | -297,204.14 | -1,852,559.52 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.1206 | 0.1366 |
| (ii) Diluted earnings per share | 0.1206 | 0.1366 |
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party beforecombination while 0 Yuan achieved last period
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 30,187,788.81 | 31,290,031.21 |
| Less: Operating cost | 2,739,034.23 | 2,751,528.03 |
| Operating tax and extras | 1,173,658.99 | 1,216,846.46 |
| Sales expenses | ||
| Administration expenses | 12,598,259.32 | 14,602,139.64 |
| R&D expenses | ||
| Financial expenses | 3,567,639.16 | 48,857.39 |
| Including: Interest expenses | 4,783,798.05 | 2,053,320.86 |
| Interest income | -1,244,885.01 | -1,936,920.70 |
| Losses of devaluation of asset | 69,500.70 | -189,620.97 |
| Add: other income | ||
| Investment income (Loss is listed with “-”) | 20,329,891.27 | 23,975,503.51 |
| Including: Investment income on affiliated company and joint venture | 16,426,603.62 | 12,527,913.26 |
| Changing income of fair |
| value(Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| II. Operating profit (Loss is listed with “-”) | 30,369,587.68 | 36,835,784.17 |
| Add: Non-operating income | 5,541.49 | |
| Less: Non-operating expense | ||
| III. Total Profit (Loss is listed with “-”) | 30,375,129.17 | 36,835,784.17 |
| Less: Income tax expense | 29,206.65 | 29,206.65 |
| IV. Net profit (Net loss is listed with “-”) | 30,345,922.52 | 36,806,577.52 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | 30,345,922.52 | 36,806,577.52 |
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1. Changes as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising |
| from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| VI. Total comprehensive income | 30,345,922.52 | 36,806,577.52 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.1021 | 0.1238 |
| (ii) Diluted earnings per share | 0.1021 | 0.1238 |
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 290,734,607.93 | 256,675,341.11 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment |
| Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Write-back of tax received | ||
| Other cash received concerning operating activities | 22,834,886.64 | 89,046,069.93 |
| Subtotal of cash inflow arising from operating activities | 313,569,494.57 | 345,721,411.04 |
| Cash paid for purchasing commodities and receiving labor service | 233,005,308.54 | 163,189,622.63 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 38,595,110.34 | 42,946,296.52 |
| Taxes paid | 14,588,515.73 | 16,985,396.11 |
| Other cash paid concerning operating activities | 53,360,237.70 | 82,815,035.81 |
| Subtotal of cash outflow arising from operating activities | 339,549,172.31 | 305,936,351.07 |
| Net cash flows arising from operating activities | -25,979,677.74 | 39,785,059.97 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 739,750,000.00 | 391,000,000.00 |
| Cash received from investment income | 63,533,914.95 | 13,735,482.06 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 431,840.00 | |
| Net cash received from disposal of subsidiaries and other units | 1,504,125.26 | 2,343,240.90 |
| Other cash received concerning investing activities | 46,001,000.00 | |
| Subtotal of cash inflow from investing activities | 850,789,040.21 | 407,510,562.96 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 22,607,470.16 | 16,804,864.33 |
| Cash paid for investment | 823,020,000.00 | 618,600,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 5,733,400.00 | |
| Subtotal of cash outflow from investing activities | 851,360,870.16 | 635,404,864.33 |
| Net cash flows arising from investing activities | -571,829.95 | -227,894,301.37 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | 15,000,000.00 | 15,172,000.00 |
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | 15,000,000.00 | 15,172,000.00 |
| Cash received from loans | 95,082,000.00 | 155,600,000.00 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 110,082,000.00 | 170,772,000.00 |
| Cash paid for settling debts | 78,665,112.45 | 70,000,000.00 |
| Cash paid for dividend and profit | 12,515,674.03 | 2,932,898.04 |
| distributing or interest paying | ||
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 91,180,786.48 | 72,932,898.04 |
| Net cash flows arising from financing activities | 18,901,213.52 | 97,839,101.96 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 70.53 | -153.38 |
| V. Net increase of cash and cash equivalents | -7,650,223.64 | -90,270,292.82 |
| Add: Balance of cash and cash equivalents at the period -begin | 141,793,218.56 | 218,497,640.10 |
| VI. Balance of cash and cash equivalents at the period -end | 134,142,994.92 | 128,227,347.28 |
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 35,793,107.31 | 45,046,784.94 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 22,092,395.77 | 45,895,974.13 |
| Subtotal of cash inflow arising from operating activities | 57,885,503.08 | 90,942,759.07 |
| Cash paid for purchasing commodities and receiving labor service | ||
| Cash paid to/for staff and workers | 13,865,248.22 | 12,125,347.08 |
| Taxes paid | 1,904,582.44 | 2,865,271.14 |
| Other cash paid concerning operating activities | 36,052,325.18 | 16,244,723.52 |
| Subtotal of cash outflow arising from operating activities | 51,822,155.84 | 31,235,341.74 |
| Net cash flows arising from operating activities | 6,063,347.24 | 59,707,417.33 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 519,000,000.00 | 340,000,000.00 |
| Cash received from investment income | 56,781,732.28 | 13,447,590.25 |
| Net cash received from disposal of fixed, intangible and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other units | 14,150,000.00 | |
| Other cash received concerning investing activities | 46,001,000.00 | |
| Subtotal of cash inflow from investing activities | 621,782,732.28 | 367,597,590.25 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 5,350,891.42 | 427,525.20 |
| Cash paid for investment | 608,971,900.00 | 581,598,000.00 |
| Net cash received from subsidiaries and other units | ||
| Other cash paid concerning investing activities | 5,733,400.00 | |
| Subtotal of cash outflow from investing activities | 620,056,191.42 | 582,025,525.20 |
| Net cash flows arising from investing activities | 1,726,540.86 | -214,427,934.95 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 93,000,000.00 | 140,000,000.00 |
| Cash received from issuing bonds |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 93,000,000.00 | 140,000,000.00 |
| Cash paid for settling debts | 70,000,000.00 | 70,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 11,021,659.99 | 2,061,416.69 |
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 81,021,659.99 | 72,061,416.69 |
| Net cash flows arising from financing activities | 11,978,340.01 | 67,938,583.31 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | ||
| V. Net increase of cash and cash equivalents | 19,768,228.11 | -86,781,934.31 |
| Add: Balance of cash and cash equivalents at the period -begin | 77,991,738.05 | 150,800,890.39 |
| VI. Balance of cash and cash equivalents at the period -end | 97,759,966.16 | 64,018,956.08 |
II. Audit report
Whether the 3
rd
quarterly report has been audited or not
□Yes √ No
The 3
rd
quarterly report of the Company has not been audited.