Shenzhen Tellus Holding Co., Ltd.
The Third Quarterly Report For 2020
October 2020
Section I. Important NoticeBoard 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 CompanyI. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period-end Period-end of last year Increase/decreaseTotal assets (RMB) 1,653,818,772.81
1,645,782,144.03
0.49%
Net assets attributable toshareholders of listed company(RMB)
1,292,498,718.84
1,270,965,296.02
1.69%
Current period
Increase/decrease incomparison with same
From Year-begin to
end of the Period
Increase/decrease in
comparison with
year-begin toPeriod-
| period of last year (%) | end of last year |
Operating revenue (RMB) 96,868,200.81
-34.27%
293,919,991.10
-
| 30.95% |
Net profit attributable toshareholders of the listed company(RMB)
14,042,886.48
-27.09%
39,637,872.26
-
| 38.11% |
Net profit attributable toshareholders of the listed companyafter deducting non-
and losses (RMB)
12,592,060.82
| recurring gains |
-29.64%
33,994,881.65
-
Net cash flow arising fromoperating activities (RMB)
96,198,322.43
| 41.36% | ||
215.05%
113,504,644.63
| 95.80% |
Basic earnings per share(RMB/Share)
0.0326
-27.07%
0.0920
-
| 38.09% |
Diluted earnings per share(RMB/Share)
0.0326
-27.07%
0.0920
-
| 38.09% |
Weighted average ROE 0.25%
-1.49%
0.77%
-5.15%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMBItem
Amount from year-begin to
end of the Period
Note
national standards, which are closely relevant to enterprise’
| s |
1,198,548.91
The government subsidiaryreceived by Huari Company due
business) to the impact of epidemicExcept for effective hedge business relevant to normal operationof the Company, gains and losses arising from fair value changeof tradable financial assets and tradable financial liabilities, andinvestment income from disposal of tradable financial assets,tradable financial liabilities and financial assets available for sale
5,923,030.44
Income from financing
Restoring of receivable impairment provision that testedindividually
599,333.06
Reverse of bad debt provisionOther items conforming to the definition of non-recurring profitand loss
969,018.67
The income generated by tenant’
| s |
forfeiting the lease deposit in
advanceLess: impact on income tax 1,852,589.04
Impact on minority shareholders’ equity (post-tax) 1,194,351.43
Total 5,642,990.61
--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 ten
common shareholders
In shareTotal number of commonshareholders at the end of reportperiod
45,781
Total preference shareholders
| with voting rights recovered at |
end of reporting period (ifapplicable)
Top ten shareholdersShareholders
Nature ofshareholder
Proportion of
shares held
Amount of shares
held
Amount ofrestricted shares
held
Number of share pledged/frozenState of share AmountSHENZHENSDG CO., LTD.
State-ownedcorporate
49.09%
| Amount of shares | |
211,591,621
Shenzhen Capital Domestic
15.33%
66,101,386
Fortune JewelryIndustryInvestmentEnterprise(limitedpartnership)
non-state-ownedcorporate
GUOTAIJUNANSECURITIES(HONGKONG)LIMITED
Foreigncorporation
0.40%
1,736,091
Hong KongSecuritiesClearingCompany Ltd.
Foreigncorporation
0.28%
1,190,134
Wang Aihua
Domestic natureperson
0.22%
940,345
Li Haotong
Domestic natureperson
0.20%
881,641
Huang Sanhe
Domestic natureperson
0.19%
807,049
Zhou Shengguo
Domestic natureperson
0.17%
727,934
| Agricultural Bank |
of China Ltd. –CSI 500 ETF
Other 0.16%
680,789
Wang Lixia
Domestic natureperson
0.15%
632,410
Particular about top ten shareholders with un-restrict shares heldShareholders Amount of un-restrict shares held
Type of sharesType AmountSHENZHEN SDG CO., LTD. 211,591,621
RMB ordinaryshares
| 211,591,621 |
Shenzhen Capital Fortune JewelryIndustry Investment Enterprise(limited partnership)
66,101,386
RMB ordinaryshares
| 66,101,386 |
GUOTAIJUNANSECURITIES(HONGKONG)LIMITED
1,736,091
Domesticallylisted foreignshares
| 1,736,091 |
Hong Kong Securities ClearingCompany Ltd.
1,190,134
RMB ordinaryshares
| 1,190,134 |
Wang Aihua940,345
RMB ordinaryshares
| 940,345 |
Li Haotong 881,641
RMB ordinaryshares
| 881,641 |
Huang Sanhe 807,049
RMB ordinaryshares
| 807,049 |
Zhou Shengguo 727,934
RMB ordinaryshares
| 727,934 |
Agricultural Bank of China Ltd. –CSI 500 ETF
680,789
RMB ordinaryshares
| 680,789 |
Wang Lixia 632,410
RMB ordinaryshares
| 632,410 | |||
| Explanation on associated relationship among the top ten |
shareholders or consistent action
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
consistent actionist.
| 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 | |
| Explanation on top ten common shareholders involving margin |
business (if applicable)
Shareholder Wang Aihua holds 940,345 shares of the Company through security account forcredit transactions, and holds 0 share of the Company via common security account, 940,345shares are held in total by Tang; Shareholder Li Haotong holds 881,641 shares of theCompany through security account for credit transactions, and holds 0 share of the Companyvia common security account, 881,641 shares are held in total by Li; Shareholder HuangSanhe holds 762,104 shares of the Company through security account for credit transactions,and holds 44,945 share of the Company via common security account, 807,049 shares areheld in total by Huang; Shareholder Zhou Shengguo holds 727,934 shares of the Companythrough security account for credit transactions, and holds 0 share of the Company via
holds 571,310 shares of the Company through security account for credit transactions, andholds 61,100 share of the Company via common security account, 632,410 shares are held intotal by Huang;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 eventsI. 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 221,270,052.08 428,851,606.04 -207,581,553.96 -48.40%
Trading financial assets 299,198,582.57 60,486,575.34 238,712,007.23 394.65%
| Monetary fund declined mainly due to paying the enterprise income tax for equity transfer of Xinglong Company, distributing the cash dividend and purchasing financial products. |
| Financial products purchased in the Period increased on a y |
-o-y basis.Account receivable 24,551,701.00 112,613,224.27 -88,061,523.27 -78.20%
Other current assets 33,903,908.62 3,403,969.23 30,499,939.39 896.01%
| Account receivable declined mainly due to the collection of receivable from Sichuan Jewelry Company increased. |
| The supervision fund for the land plot 02 project of the upgrading project of Tellus |
-
Construction in progress 110,515,997.92 47,654,393.55 62,861,604.37 131.91%
| Gman Gold Jewelry Industrial Park |
| Mainly due to the preliminary input for the project of Jinzuan Trading Building |
Taxes payable 14,125,400.74 71,425,267.61 -57,299,866.87 -80.22%
| Mainly due to the enterprise income tax paying for the equity transfer of Xinglong Comp |
anyOther account payable 154,499,007.56 101,266,802.49 53,232,205.07 52.57%
Profit statement
| The performance bond received in the year for equity transfer of Dongfeng | ||||
Item
| Accumulated this year | Same period last year |
| Amount changed | Ratio changed |
Operating income 293,919,991.10 425,637,522.85 -131,717,531.75 -30.95%
| Causes |
| Including 1. The decrease of income for responding to the government |
’
Taxes and additional 2,500,339.74 4,319,838.32 -1,819,498.58 -42.12%
| s call for rent relief for tenants; and 2. Affected by the epidemic, rental and jewelry operating income declined. |
| Taxes declined due to the decrease of |
Financial expenses -2,683,364.51 4,716,086.24 -7,399,450.75 -156.90%
| business from epidemic |
| Interest expenses declined due to the decrease of bank loans on a y |
-o-y basis
Other income 1,198,548.91 278,123.14 920,425.77 330.94%
| The government policy subsidy for enterprises received in the year. |
Income from change offair value Income fromchange of fair value
481,512.38 - 481,512.38
Loss of credit impairment 599,333.06 276,528.83 322,804.23 116.73%
| Changes in fair value of the unexpired financial products in the year. |
| Decrease of the receivable from Sichuan Company are transfer to loss of credit impairment in the year |
Assets impairment loss - -11,907.69 11,907.69 -100.00%
Income from assetsdisposal
- 244,106.72 -244,106.72 -100.00%
| No such losses in the year |
| No such income in the year |
Non-operation revenue 1,038,078.15 88,241.69 949,836.46 1076.40%
’
| s lease deposit due to early surrender of the lease |
Non-operationexpenditure
69,059.48 834,987.39 -765,927.91 -91.73%
Cash flow statement
| At same period last year, the late fee for breach of contract from Anhui Company | ||
Item
Same period lastyear
| Accumulated this year | Amount changed |
| Ratio changed | Causes |
Net cash flow arisingfrom operation activities
113,504,644.63 57,968,425.90 55,536,218.73
Net cash flow arisingfrom investmentactivities
-304,041,964.84 70,629,412.84 -374,671,377.68
The performance bond received in theyear for equity transfer of Dongfeng
Including 1.financial productspurchased in the Period increased on ay
-o-y basis; and 2.
| the preliminary input for the project of Jinzuan Trading Building inc |
reasedNet cash flow arisingfrom financing activities
-17,778,202.09 -81,626,498.60 63,848,296.51
| At same period last year, Zhongtian Company repaid the project loans and made the |
cash out-
-o-
| y basis, while there was no such item occurred in the year. |
Net increase of cash andcash equivalent
-208,315,433.88 46,971,349.98 -255,286,783.86
II. Progress and influence of the main events as well as solution analysis specification
√Applicable □Not applicable
On 17 July 2020, the Company holds the 17
th
extraordinary meeting of 9
th
BOD to deliberated and approved the Proposal of Signingthe Intention Agreement with Hubei Hans’ Industry Investment Co., Ltd.. and the Company entered into an intention agreement withHubei Hans’ Industry Investment Co., Ltd. (hereinafter referred to as Hans’) on the same day. The wholly-owned subsidiary of theCompany - Shenzhen Auto Industry and Trade Corporation (hereinafter referred to as Auto Industry and Trade Company) will sells25% equity of the Shenzhen Dongfeng Motor Co., Ltd (hereinafter referred to as Shenzhen Dongfeng) held publicly listed throughthe United Assets and Equity Exchange. Hans’ committed to participate in the 25% equity of Shenzhen Dongfeng transferred by AutoIndustry and Trade Company according to the laws and regulations, and bought the target equity with price not less than 1/2 of thetransaction price of Dongfeng’s 50% equity transfer by Hans’, and not lower than the evaluation price made by the third-partyintermediary selected or recognized by Auto Industry and Trade Company.As of end of June 2020, the balance of long-term equity investment for Shenzhen Dongfeng from Auto Industry and TradeCompany amounted as 44.9888 million Yuan. Based on the agreement, Hans’ proposes an intention of acquisition to Auto Industryand Trade Company, if the Company sells 25% equity of Shenzhen Dongfeng, it will affect the total profit and net profit of theCompany for the current period, the specific amount shall be subject to the evaluation price and final transaction price generated bythe public listing. Found more in the Notice on Planning to Transfer Equity of the Stock-Jointly Subsidiary and Singing the IntentionAgreement (Notice No.: 2020-039) released on Securities Times, Hong Kong Commercial Daily and Juchao Website(http://www.cninfo.com.cn) dated 18 July 2020.
Overview Date for disclosure
Information index for temporary report
disclosureRelevant items of planning to transferequity of the stock-jointly subsidiary andsinging the intention agreement
2020-07-18
Notice on Planning to Transfer Equity ofthe Stock-Jointly Subsidiary and Singingthe Intention Agreement (Notice No.:
2020-039) released on Securities Times,Hong Kong Commercial Daily and JuchaoWebsite (http://www.cninfo.com.cn)Progress of shares buy-back
□Applicable √Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□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. Financial asset investment
1. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
2. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of 2020 business performance
Estimation on 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 on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
√ Applicable □Not applicable
In RMBType Capital sources Amount entrust Unexpired balance Overdue amountBank financial products Own funds 106,000,000
298,210,000
Total 106,000,000
298,210,000
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
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 from controlling shareholders and its related party.XI. 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.
Section IV. Financial StatementI. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Tellus Holding Co., Ltd.
September 30, 2020
In RMBItem September 30, 2020 December 31, 2019Current assets:
Monetary funds
221,270,052.08
428,851,606.04
| Settlement provisions | ||
| Capital lent |
Tradable financial assets
299,198,582.57
60,486,575.34
Derivative financial assets
Note receivable
Account receivable
24,551,701.00
112,613,224.27
Receivable financing
Accounts paid in advance
16,299,669.11
12,683,603.89
Insurance receivable
| Reinsurance receivables | ||
| Contract reserve of reinsurance |
receivable
Other account receivable
47,623,792.56
44,908,546.40
Including: Interest receivable
Dividend receivable
39,647,732.42
39,647,732.42
Buying back the sale of financialassets
Inventories
15,670,163.83
21,389,602.83
Contractual assets
Assets held for sale
Non-current asset due within oneyear
Other current assets
33,903,908.62
3,403,969.23
Total current assets
658,517,869.77
684,337,128.00
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
| Long-term account receivable | ||
| Long-term equity investment |
126,716,224.96
162,178,544.05
Investment in other equityinstrument
10,176,617.20
10,176,617.20
Other non-current financial assets
Investment real estate
541,402,184.99
554,599,503.55
| Fixed assets |
103,177,432.95
107,119,796.59
| Construction in progress |
110,515,997.92
47,654,393.55
| Productive biological asset |
Oil and gas asset
Right-of-use assets
Intangible assets
49,648,213.14
50,561,225.67
Expense on Research andDevelopment
| Goodwill |
Long-term expenses to beapportioned
14,473,865.00
13,606,805.49
Deferred income tax asset
8,629,755.74
8,658,962.39
Other non-current asset
30,560,611.14
6,889,167.54
| Total non-current asset |
995,300,903.04
961,445,016.03
| Total assets |
1,653,818,772.81
1,645,782,144.03
| Current liabilities: |
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable
66,396,824.64
69,087,430.42
| Accounts received in advance |
20,060,250.04
27,299,822.71
Contractual liability
Selling financial asset ofrepurchase
Absorbing deposit and interbankdeposit
Security trading of agency
Security sales of agency
Wage payable
26,965,606.62
31,204,794.89
| Taxes payable |
14,125,400.74
71,425,267.61
| Other account payable |
154,499,007.56
101,266,802.49
Including: Interest payable
Dividend payable
Commission charge andcommission payable
| Reinsurance payable | ||
| Liability held for sale |
Non-current liabilities due withinone year
Other current liabilities
Total current liabilities
282,047,089.60
300,284,118.12
Non-current liabilities:
| Insurance contract reserve | ||
| Long-term loans |
Bonds payable
Including: Preferred stock
Perpetual capitalsecurities
| Lease liability | ||
| Long-term account payable |
3,920,160.36
3,920,160.36
| Long-term wages payable |
Accrual liability
2,225,468.76
2,225,468.76
Deferred income
139,400.00
139,400.00
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
6,285,029.12
6,285,029.12
Total liabilities
288,332,118.72
306,569,147.24
Owner’s equity:
Share capital
431,058,320.00
431,058,320.00
Other equity instrument
Including: Preferred stock
| Perpetual capital |
securities
Capital public reserve
431,449,554.51
431,449,554.51
Less: Inventory shares
Other comprehensive income
26,422.00
26,422.00
Reasonable reserve
| Surplus public reserve |
21,007,488.73
21,007,488.73
| Provision of general risk | ||
| Retained profit |
408,956,933.60
387,423,510.78
Total owner’ s equity attributable toparent company
1,292,498,718.84
1,270,965,296.02
Minority interests
72,987,935.25
68,247,700.77
Total owner’ s equity
1,365,486,654.09
1,339,212,996.79
| Total liabilities and owner’ s equity |
1,653,818,772.81
1,645,782,144.03
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 RMBItem September 30, 2020 December 31, 2019Current assets:
Monetary funds
82,222,762.12
201,885,691.27
| Trading financial assets |
100,464,315.06
40,324,383.56
| Derivative financial assets | ||
| Note receivable |
Account receivable
206,710.76
206,710.76
Receivable financing
Accounts paid in advance
26,400.00
100,000.00
Other account receivable
131,548,161.57
116,037,773.09
Including: Interest receivable
Dividend receivable
547,184.35
547,184.35
Inventories
| Contractual assets | ||
| Assets held for sale |
Non-
one year
| current assets maturing within |
Other current assets
5,014,926.51
1,419,760.18
Total current assets
319,483,276.02
359,974,318.86
| Non-current assets: |
| Debt investment | ||
| Other debt investment |
Long-term receivables
Long-term equity investments
890,681,562.11
859,355,040.60
Investment in other equityinstrument
10,176,617.20
10,176,617.20
| Other non-current financial assets | ||
| Investment real estate |
37,437,902.45
39,616,602.02
Fixed assets
13,992,559.97
14,012,830.64
Construction in progress
73,115,276.63
35,321,704.26
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets
48,127,432.44
48,953,266.56
Research and development costs
Goodwill
| Long-term deferred expenses |
2,371,088.86
2,639,122.63
| Deferred income tax assets |
3,528,642.39
3,557,849.04
Other non-current assets
30,460,611.14
6,789,167.54
Total non-current assets
1,109,891,693.19
1,020,422,200.49
Total assets
1,429,374,969.21
1,380,396,519.35
Current liabilities
Short-term borrowings
Trading financial liability
Derivative financial liability
Notes payable
Account payable
267,841.07
14,000.00
Accounts received in advance
1,822,089.80
| Contractual liability | ||
| Wage payable |
13,723,093.22
8,199,278.01
Taxes payable
2,407,558.31
54,684,929.01
Other accounts payable
344,081,998.59
257,260,350.77
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due withinone year
Other current liabilities
Total current liabilities
362,302,580.99
320,158,557.79
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capitalsecurities
Lease liability
Long-term account payable
| Long term employee compensation |
payable
| Accrued liabilities |
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
362,302,580.99
320,158,557.79
Owners’ equity:
Share capital
431,058,320.00
431,058,320.00
| Other equity instrument |
Including: preferred stock
Perpetual capitalsecurities
| Capital public reserve |
428,256,131.23
428,256,131.23
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve
21,007,488.73
21,007,488.73
Retained profit
186,750,448.26
179,916,021.60
Total owner’s equity
1,067,072,388.22
1,060,237,961.56
Total liabilities and owner’s equity
1,429,374,969.21
1,380,396,519.35
3. Consolidated Profit Statement (the period)
In RMBItem Current period Last periodI. Total operating income
96,868,200.81
147,368,783.52
Including: Operating income
96,868,200.81
147,368,783.52
| Interest income |
Insurance gained
Commission charge andcommission income
II. Total operating cost
89,402,056.59
129,187,557.75
Including: Operating cost
76,260,755.18
112,823,023.58
| Interest expense | ||
| Commission charge and |
commission expense
Cash surrender value
Net amount of expense ofcompensation
Net amount of withdrawal ofinsurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
| Tax and extras |
1,123,612.17
1,351,673.26
| Sales expense |
5,974,935.95
4,897,794.44
Administrative expense
6,523,967.25
9,156,755.99
R&D expense
Financial expense
-481,213.96
958,310.48
Including: Interestexpenses
400,000.00
1,159,928.56
-942,789.54
| Interest income |
-2,556,683.27
Add: other income
1,145,702.21
271,511.85
Investment income (Loss islisted with “-”)
7,097,708.47
5,855,398.96
Including: Investment incomeon affiliated company and joint venture
6,015,814.07
4,262,192.41
| The termination of income |
recognition for financial assets measuredby amortized cost(Loss is listed with “-”)
Exchange income (Loss islisted with “-”)
Net exposure hedging income(Loss is listed with “-”)
Income from change of fairvalue (Loss is listed with “-”)
837,614.73
| Loss of credit impairment |
(Loss is listed with “-”)
131.63
174,862.69
| Losses of devaluation of asset |
(Loss is listed with “-”)
-11,907.69
Income from assets disposal(Loss is listed with “-”)
140,947.04
| III. Operating profit (Loss is listed with |
“-”)
16,547,301.26
24,612,038.62
Add: Non-operating income
91,971.23
-31,383.75
Less: Non-operating expense
40,000.00
1,587.39
IV. Total profit (Loss is listed with “-”)
16,599,272.49
24,579,067.48
Less: Income tax expense
2,270,444.21
4,150,432.73
| V. Net profit (Net loss is listed with “-”) |
14,328,828.28
20,428,634.75
| (i) Classify by business continuity |
1.continuous operating net profit
(net loss listed with ‘-”)
14,328,828.28
20,428,634.75
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
14,042,886.48
19,261,241.23
2.Minority shareholders’ gains and
losses
285,941.80
1,167,393.52
VI. Net after-tax of other comprehensiveincome
Net after-tax of other comprehensiveincome attributable to owners of parentcompany
(I) Other comprehensive incomeitems which will not be reclassifiedsubsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
| 2.Other comprehensive |
income under equity method that cannotbe 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 incomeitems which will be reclassifiedsubsequently to profit or loss
1.Other comprehensive
income under equity method that cantransfer to gain/loss
2.Change of fair value of
other debt investment
| 3.Amount of financial assets |
re-classify to other comprehensiveincome
| 4.Credit impairment |
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency
7.Other
| financial statements | ||
Net after-tax of other comprehensiveincome attributable to minorityshareholders
VII. Total comprehensive income
14,328,828.28
20,428,634.75
Total comprehensive incomeattributable to owners of parent Company
14,042,886.48
19,261,241.23
Total comprehensive incomeattributable to minority shareholders
285,941.80
1,167,393.52
VIII. Earnings per share:
(i) Basic earnings per share
0.0326
| (i) Basic earnings per share |
0.0447
| (ii) Diluted earnings per share |
0.0326
0.0447
Legal Representative: Fu ChunlongPerson in charge of accounting works: Lou HongPerson in charge of accounting institute: Liu Yuhong
4. Profit Statement of Parent Company (the period)
In RMBItem Current period Last periodI. Operating income
14,841,200.40
9,291,270.65
| Less: Operating cost |
2,905,764.50
874,952.45
| Taxes and surcharge |
348,042.42
330,105.68
Sales expenses
271,271.30
Administration expenses
5,155,326.58
4,592,365.64
R&D expenses
Financial expenses
-408,511.03
966,496.79
Including: interestexpenses
1,114,808.00
| Interest income |
-410,695.78
-1,853,888.60
| Add: other income |
Investment income (Loss islisted with “-”)
4,100,070.30
4,921,934.63
3,863,575.08
| Including: Investment income |
3,991,312.37
| on affiliated Company and joint venture |
| The termination of |
income recognition for financial assetsmeasured by amortized cost (Loss islisted with “-”)
Net exposure hedging income(Loss is listed with “-”)
Changing income of fairvalue (Loss is listed with “-”)
464,315.06
| Loss of credit impairment |
(Loss is listed with “-”)
| Losses of devaluation of asset |
(Loss is listed with “-”)
Income on disposal of assets(Loss is listed with “-”)
II. Operating profit (Loss is listed with“-”)
11,133,691.99
7,449,284.72
Add: Non-operating income
6,940.95
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”)
11,133,691.99
7,456,225.67
Less: Income tax
1,209,549.76
9,735.55
IV. Net profit (Net loss is listed with“-”)
9,924,142.23
7,446,490.12
(i)continuous operating net profit(net loss listed with ‘-”)
9,924,142.23
7,446,490.12
(ii) termination of net profit (netloss listed with ‘-”)
V. Net after-tax of other comprehensiveincome
| (I) Other comprehensive income |
items which will not be reclassifiedsubsequently to profit of loss
| 1.Changes of the defined |
benefit plans that re-measured
2.Other comprehensive
be transfer to gain/loss
| income under equity method that cannot |
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 incomeitems which will be reclassifiedsubsequently to profit or loss
1.Other comprehensive
income under equity method that cantransfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to othercomprehensive income
| 4.Credit impairment |
provision for other debt investment
5.Cash flow hedging
reserve
| 6.Translation differences |
arising on translation of foreigncurrency financial statements
| 7.Other |
VI. Total comprehensive income
9,924,142.23
7,446,490.12
VII. Earnings per share:
(i) Basic earnings per share
0.0230
0.0173
(ii) Diluted earnings per share
0.0230
0.0173
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMBItem Current Period Last PeriodI. Total operating income
293,919,991.10
425,637,522.85
Including: Operating income
293,919,991.10
425,637,522.85
Interest income
Insurance gained
Commission charge andcommission income
II. Total operating cost
267,329,366.28
372,644,654.54
Including: Operating cost
231,035,342.70
323,317,036.00
Interest expense
Commission charge andcommission expense
Cash surrender value
Net amount of expense ofcompensation
Net amount of withdrawal ofinsurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras
2,500,339.74
4,319,838.32
Sales expense
12,751,080.49
14,256,308.73
Administrative expense
23,725,967.86
26,035,385.25
| R&D expense | ||
| Financial expense |
-2,683,364.51
4,716,086.24
Including: Interestexpenses
446,986.20
5,925,865.62
-3,396,284.53
| Interest income |
-1,404,628.58
Add: other income
1,198,548.91
278,123.14
Investment income (Loss islisted with “-”)
19,979,198.97
22,566,849.89
Including: Investment incomeon affiliated company and joint venture
14,537,680.91
15,037,716.95
| The termination of income |
recognition for financial assets measuredby amortized cost(Loss is listed with “-”)
Exchange income (Loss islisted with “-”)
Net exposure hedging income(Loss is listed with “-”)
Income from change of fairvalue (Loss is listed with “-”)
481,512.38
| Loss of credit impairment |
(Loss is listed with “-”)
599,333.06
276,528.83
| Losses of devaluation of asset |
(Loss is listed with “-”)
-11,907.69
Income from assets disposal
244,106.72
III. Operating profit (Loss is listed with“-”)
48,849,218.14
| (Loss is listed with “-”) | |
76,346,569.20
| Add: Non-operating income |
1,038,078.15
88,241.69
| Less: Non-operating expense |
69,059.48
834,987.39
IV. Total profit (Loss is listed with “-”)
49,818,236.81
75,599,823.50
Less: Income tax expense
8,718,750.27
10,188,689.49
V. Net profit (Net loss is listed with “-”)
41,099,486.54
65,411,134.01
(i) Classify by business continuity
1.continuous operating net profit
(net loss listed with ‘-”)
41,099,486.54
65,411,134.01
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
of parent company
39,637,872.26
| 1.Net profit attributable to owner’s |
64,041,189.83
2.Minority shareholders’ gains and
losses
1,461,614.28
1,369,944.18
| VI. Net after-tax of other comprehensive |
income
Net after-tax of other comprehensiveincome attributable to owners of parentcompany
(I) Other comprehensive incomeitems which will not be reclassifiedsubsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannotbe 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 incomeitems which will be reclassified
1.Other comprehensive
income under equity method that cantransfer to gain/loss
| subsequently to profit or loss | ||
2.Change of fair value of
other debt investment
3.Amount of financial assets
re-classify to other comprehensiveincome
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
| 6.Translation differences |
arising on translation of foreign currencyfinancial statements
| 7.Other |
Net after-tax of other comprehensiveincome attributable to minorityshareholders
VII. Total comprehensive income
41,099,486.54
65,411,134.01
Total comprehensive incomeattributable to owners of parent Company
39,637,872.26
64,041,189.83
Total comprehensive incomeattributable to minority shareholders
1,461,614.28
1,369,944.18
VIII. Earnings per share:
(i) Basic earnings per share
0.0920
0.1486
(ii) Diluted earnings per share
0.0920
0.1486
Legal Representative: Fu ChunlongPerson in charge of accounting works: Lou HongPerson in charge of accounting institute: Liu Yuhong
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMBItem Current Period Last PeriodI. Operating income
27,962,054.92
28,403,325.20
Less: Operating cost
6,763,484.07
2,649,509.45
Taxes and surcharge
757,131.78
1,116,336.75
Sales expenses
1,841,233.28
Administration expenses
17,664,855.43
13,099,860.82
R&D expenses
| Financial expenses |
-1,370,167.92
3,742,293.34
Including: interestexpenses
4,725,451.70
Interest income
-1,460,954.48
-1,002,153.90
Add: other income
21,849.42
Investment income (Loss islisted with “-”)
23,330,593.48
16,716,400.08
on affiliated Company and joint venture
12,579,521.51
12,367,784.04
| The termination of |
income recognition for financial assetsmeasured by amortized cost (Loss islisted with “-”)
Net exposure hedging income(Loss is listed with “-”)
Changing income of fairvalue (Loss is listed with “-”)
139,931.50
| Loss of credit impairment |
(Loss is listed with “-”)
-18,945.66
| Losses of devaluation of asset |
(Loss is listed with “-”)
Income on disposal of assets(Loss is listed with “-”)
II. Operating profit (Loss is listed with“-”)
25,797,892.68
24,492,779.26
Add: Non-operating income
-18,810.00
26,366.66
| Less: Non-operating expense | ||
| III. Total Profit (Loss is listed with “-”) |
25,779,082.68
24,519,145.92
| Less: Income tax |
840,206.58
774,206.65
IV. Net profit (Net loss is listed with“-”)
24,938,876.10
23,744,939.27
(i)continuous operating net profit(net loss listed with ‘-”)
24,938,876.10
23,744,939.27
(ii) termination of net profit (netloss listed with ‘-”)
| V. Net after-tax of other comprehensive |
income
(I) Other comprehensive incomeitems which will not be reclassifiedsubsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
be transfer to gain/loss
| income under equity method that cannot |
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 incomeitems which will be reclassifiedsubsequently to profit or loss
1.Other comprehensive
income under equity method that cantransfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to othercomprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreigncurrency financial statements
7.Other
VI. Total comprehensive income
24,938,876.10
23,744,939.27
VII. Earnings per share:
(i) Basic earnings per share
0.0579
0.0551
(ii) Diluted earnings per share
0.0579
0.0551
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMBItem Current Period Last Period
activities:
| I. Cash flows arising from operating |
| Cash received from selling |
commodities and providing laborservices
414,449,994.54
431,307,307.07
| Net increase of customer deposit |
and interbank deposit
| Net increase of loan from central |
bank
| Net increase of capital borrowed |
from other financial institution
| Cash received from original |
insurance contract fee
| Net cash received from reinsurance |
business
| Net increase of insured savings |
and investment
| Cash received from interest, |
commission charge and commission
Net increase of capital borrowed
| Net increase of returned business |
capital
| Net cash received by agents in sale |
and purchase of securities
Write-back of tax received
| Other cash received concerning |
operating activities
97,462,502.03
35,433,801.62
| Subtotal of cash inflow arising from |
operating activities
511,912,496.57
466,741,108.69
| Cash paid for purchasing |
commodities and receiving laborservice
219,090,488.56
316,903,853.04
| Net increase of customer loans and |
advances
| Net increase of deposits in central |
bank and interbank
contract compensation
| Cash paid for original insurance | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission |
charge and commission
| Cash paid for bonus of guarantee |
slip
Cash paid to/for staff and workers
39,462,106.68
41,099,923.77
Taxes paid
72,870,782.65
15,344,440.44
| Other cash paid concerning |
operating activities
66,984,474.05
35,424,465.54
| Subtotal of cash outflow arising from |
operating activities
398,407,851.94
408,772,682.79
| Net cash flows arising from operating |
activities
113,504,644.63
57,968,425.90
| II. Cash flows arising from investing |
activities:
investment
1,028,050,000.00
| Cash received from recovering |
1,342,157,575.52
| Cash received from investment |
income
20,718,816.21
49,812,733.56
| Net cash received from disposal of |
fixed, intangible and other long-termassets
32,400.00
302,900.00
| Net cash received from disposal of |
subsidiaries and other units
| Other cash received concerning |
investing activities
148,187,000.00
| Subtotal of cash inflow from investing |
activities
1,048,801,216.21
1,540,460,209.08
| Cash paid for purchasing fixed, |
intangible and other long-term assets
121,583,181.05
95,210,796.24
| Cash paid for investment |
1,231,260,000.00
1,374,620,000.00
| Net increase of mortgaged loans | ||
| Net cash received from |
subsidiaries and other units obtained
| Other cash paid concerning |
investing activities
| Subtotal of cash outflow from investing |
activities
1,352,843,181.05
1,469,830,796.24
| Net cash flows arising from investing |
activities
-304,041,964.84
70,629,412.84
activities
| III. Cash flows arising from financing |
| Cash received from absorbing |
investment
7,000,000.00
20,000,000.00
| Including: Cash received from |
absorbing minority shareholders’investment by subsidiaries
7,000,000.00
20,000,000.00
Cash received from loans
158,020,000.00
| Other cash received concerning |
financing activities
| Subtotal of cash inflow from financing |
activities
7,000,000.00
178,020,000.00
| Cash paid for settling debts |
2,952,372.85
253,614,887.55
| Cash paid for dividend and profit |
distributing or interest paying
21,825,829.24
6,031,611.05
| Including: Dividend and profit of |
minority shareholder paid bysubsidiaries
| Other cash paid concerning |
financing activities
| Subtotal of cash outflow from financing |
activities
24,778,202.09
259,646,498.60
| Net cash flows arising from financing |
activities
-17,778,202.09
-81,626,498.60
| IV. Influence on cash and cash |
equivalents due to fluctuation inexchange rate
88.42
9.84
| V. Net increase of cash and cash |
equivalents
-208,315,433.88
46,971,349.98
| Add: Balance of cash and cash |
equivalents at the period -begin
400,668,257.81
142,848,120.69
| VI. Balance of cash and cash |
equivalents at the period -end
192,352,823.93
189,819,470.67
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMBItem Current period Last period
activities:
| I. Cash flows arising from operating |
| Cash received from selling |
commodities and providing laborservices
26,308,394.79
25,003,577.51
Write-back of tax received
| Other cash received concerning |
operating activities
129,151,090.40
8,002,129.94
| Subtotal of cash inflow arising from |
operating activities
155,459,485.19
33,005,707.45
| Cash paid for purchasing |
commodities and receiving laborservice
Cash paid to/for staff and workers
20,382,445.94
13,452,722.60
Taxes paid
56,244,533.03
2,466,614.79
| Other cash paid concerning |
operating activities
50,104,038.39
16,204,073.88
| Subtotal of cash outflow arising from |
operating activities
126,731,017.36
32,123,411.27
| Net cash flows arising from operating |
activities
28,728,467.83
882,296.18
| II. Cash flows arising from investing |
activities:
investment
392,000,000.00
| Cash received from recovering |
727,000,000.00
| Cash received from investment |
income
10,892,118.02
22,458,538.51
| Net cash received from disposal of |
fixed, intangible and other long-termassets
| Net cash received from disposal of |
subsidiaries and other units
| Other cash received concerning |
investing activities
148,187,000.00
| Subtotal of cash inflow from investing |
activities
402,892,118.02
897,645,538.51
| Cash paid for purchasing fixed, |
intangible and other long-term assets
63,165,945.48
63,593,442.68
Cash paid for investment
470,747,000.00
749,000,000.00
| Net cash received from |
subsidiaries and other units obtained
| Other cash paid concerning |
investing activities
| Subtotal of cash outflow from investing |
activities
533,912,945.48
812,593,442.68
| Net cash flows arising from investing |
activities
-131,020,827.46
85,052,095.83
activities
| III. Cash flows arising from financing |
| Cash received from absorbing |
investment
Cash received from loans
143,000,000.00
| Other cash received concerning |
financing activities
| Subtotal of cash inflow from financing |
activities
143,000,000.00
Cash paid for settling debts
193,000,000.00
| Cash paid for dividend and profit |
distributing or interest paying
18,104,449.44
4,958,262.11
| Other cash paid concerning |
financing activities
| Subtotal of cash outflow from financing |
activities
18,104,449.44
197,958,262.11
| Net cash flows arising from financing |
activities
-18,104,449.44
-54,958,262.11
| IV. Influence on cash and cash |
equivalents due to fluctuation inexchange rate
| V. Net increase of cash and cash |
equivalents
-120,396,809.07
30,976,129.90
| Add: Balance of cash and cash |
equivalents at the period -begin
173,702,343.04
62,172,486.14
| VI. Balance of cash and cash |
equivalents at the period -end
53,305,533.97
93,148,616.04
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of
new revenue rules and new leasing rules from 2020
√ Applicable □Not applicable
Whether to adjust the balance sheet account at the beginning of the year
□ Yes √No
Reasons for not adjusting the balance sheet account at the beginning of the yearOn 5 July 2017, the Ministry of Finance issued the “Notice of Amendments and Issuance” (Cai Kuai [2017] No.22) (hereinafterreferred to as New Revenue Standard), and requires the enterprises listed in China to take effect on 1 January 2020.The Company release the accounting statements in accordance with the requirement of New Revenue Standards since 1 January 2020,and there is no need to retrograde the comparable for year of 2019, change of the accounting policy has no impact on the relevantfinancial index for year of 2019.
2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules and
new leasing rules from 2020
□Applicable √Not applicable
III. Audit report
Whether the 3
rdquarterly report has been audited or not
□Yes √ No
The 3
rd
quarterly report of the Company has not been audited.