Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2018
October 2018
1 Important NoticeThe Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this reportand shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Zhu Jun, Person in charge of the Company, Mr. Zhu Meizhu, Chief financial officer and the Ms. Mu Linying ,the person in charge of the accounting department (the person in charge of the accounting )hereby confirm theauthenticity and completeness of the financial report enclosed in this Quarterly Report .
This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shallprevail.
II. Basic information about the company
I.Main financial data and financial indexIndicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
| As at the end of the reporting period | As at the end of last year | Changed （%）over end of prev. year | ||||
| Gross assets（Yuan） | 4,509,489,610.40 | 4,195,746,507.56 | 7.48% | |||
| Net assets attributable to the shareholders of the listed company（Yuan） | 2,413,288,148.00 | 2,397,474,603.79 | 0.66% | |||
| Reporting period | Increase/decrease over the same period of last year（%） | Between beginning of the year to the end of the report period | Changed （%）over end of prev. year | |||
| Operating income（Yuan） | 533,270,021.40 | 61.11% | 1,071,558,072.01 | 0.11% | ||
| Net profit attributable to the shareholders of the listed company（Yuan） | 2,621,782.96 | -86.37% | 12,268,759.11 | -63.59% | ||
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（Yuan） | -7,620,712.88 | -172.87% | -18,438,027.80 | -398.72% | ||
| Cash flow generated by business operation, net（Yuan） | -- | -- | -398,788,741.04 | -87.30% | ||
| Basic earning per share(Yuan/Share) | 0.005 | -87.50% | 0.024 | -63.91% | ||
| Diluted gains per share(Yuan/Share) | 0.005 | -87.50% | 0.024 | -63.91% | ||
| Weighted average income/asset ratio（%） | 0.11% | -0.70% | 0.51% | -0.92% | ||
| Items | Amount (Year-beginning to the end of the report period.) | Notes |
| Non-current asset disposal gain/loss(including the write-off part for which assets impairment provision is made) | -43,439.68 |
| Govemment subsidy recognized in current gain and loss(excluding those closely related to the Company’s business and granted under the state’s policies) | 9,092,751.66 | |
| Gain/loss on entrusting others with investment or asset management | 40,885,414.42 | |
| Other non-business income and expenditures other than the above | 1,196,557.78 | |
| Less :Influenced amount of income tax | 48,598.77 | |
| Influenced amount of minor shareholders’ equity (after tax) | 20,375,898.50 | |
| Total | 30,706,786.91 | -- |
| Total number of common shareholders at the period-end | 36,053 | Total preference shareholders with the voting power recovered at the end of the reporting period(if any) | 0 | |||||
| Shares held by the top 10 shareholders | ||||||||
| Shareholder name | Properties of shareholder | Share proportion % | Quantity | Amount of tradable shares with Conditional held | Pledging or freezing | |||
| Status of the shares | Quantity | |||||||
| Shenzhen Investment Holdings Co., Ltd. | State-owned legal person | 45.78% | 234,069,436 | |||||
| Shenzhen Shenchao Technology Investment Co., Ltd. | State-owned Legal person | 3.15% | 16,129,032 | |||||
| Fujiang Bairui | Domestic Non- | 0.77% | 3,954,735 | |||||
| Jiayuan, Asset Management Co., Ltd.－Bairui Jiayuan Growth I Fund | State-owned Legal person | |||||
| Sun Huiming | Domestic Nature person | 0.62% | 3,192,767 | |||
| Li Songqiang | Domestic Nature person | 0.56% | 2,873,078 | |||
| Zheng Junsheng | Domestic Nature person | 0.36% | 1,830,000 | |||
| Kuang Guowei | Domestic Nature person | 0.27% | 1,387,900 | |||
| Zhu Ye | Domestic Nature person | 0.22% | 1,131,945 | |||
| Deng Hua | Domestic Nature person | 0.21% | 1,051,404 | |||
| Hong Fan | Domestic Nature person | 0.20% | 1,028,900 | |||
| Shareholding of top 10 shareholders of unrestricted shares | ||||||
| Name of the shareholder | Quantity of unrestricted shares held at the end of the reporting period | Share type | ||||
| Share type | Quantity | |||||
| Shenzhen Investment Holdings Co., Ltd. | 234,069,436 | RMB Common shares | 234,069,436 | |||
| Shenzhen Shenchao Technology Investment Co., Ltd. | 16,129,032 | RMB Common shares | 16,129,032 | |||
| Fujiang Bairui Jiayuan, Asset Management Co., Ltd.－Bairui Jiayuan Growth I Fund | 3,954,735 | RMB Common shares | 3,954,735 | |||
| Sun Huiming | 3,192,767 | Foreign shares placed in domestic exchange | 3,192,767 | |||
| Li Songqiang | 2,873,078 | RMB Common shares | 2,873,078 | |||
| Zheng Junsheng | 1,830,000 | RMB Common shares | 1,830,000 | |||
| Kuang Guowei | 1,387,900 | RMB Common shares | 1,387,900 | |||
| Zhu Ye | 1,131,945 | RMB Common shares | 1,131,945 |
| Deng Hua | 1,051,404 | RMB Common shares | 1,051,404 |
| Hong Fan | 1,028,900 | RMB Common shares | 1,028,900 |
| Explanation on shareholders participating in the margin trading business | Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of Shenzhen Investment Holding Co., Ltd. and a person taking concerted action. Except this, the Company did not whether there is relationship between the top ten shareholders holding non-restricted negotiable shares and between the top ten shareholders holding non-restricted negotiable shares and the top 10 shareholders or whether they are persons taking concerted action defined in Regulations on Disclosure of Information about Shareholding of Shareholders of Listed Companies. | ||
| Participation of top 10 unconditional common share shareholders in securities margin trading (if any) | The Company shareholder Fujiang Bairui Jiayuan Asset Management Co., Ltd.－Bairui Jiayuan Growth I Fund holds 3,954,735 shares of the Company through stock account with credit transaction ; The Company Shareholder Li Songqiang holds 1,837,653 shares of the Company through stock account with credit transaction ; The Company Shareholder Zhu Ye holds1,031,945 shares of the Company through stock account with credit transaction ; The Company Shareholder Deng Hua holds 1,051,404 shares of the Company through stock account with credit transaction. | ||
beginning of the year, mainly due to the carry-over of fixed assets in the current phase II of the TFT-LCD
polarizer；
4.The closing balance of construction in process is RMB314.2584 million, Decreased by 97.42% compared withthe beginning of the year, mainly due to the carry-over of fixed assets in the current phase II of the TFT-LCDpolarizer;5. The closing balance of Other non-current assets is RMB129.2055 million, increased by 273.93% comparedwith the beginning of the year, Mainly due to the payment of technical service fees;6. The closing balance of Short-term borrowing is RMB300.4261 million, increased by 338.94% compared withthe beginning of the year, Mainly due to the addition of short-term bank loans;7. The closing balance of Advance Payments is RMB20.1201 million, increased by 57.56% compared with thebeginning of the year, Mainly due to the increase in advances in export trade;8. The closing balance of Non-current liabilities due within one year is RMB40 million, decreased by 100%compared with the beginning of the year, Mainly due to the return of the loan;9. The closing balance of Adminisstrative expenses is RMB26.0883 million, Increased by 38.45% compared withthe beginning of the year, Mainly due to the increase in research and development expenses and share paymentexpenses for the current period;
10. Financial expenses in current period increased by RMB16.70 million and 75.73% year on year，Mainly due to
the increase in short-term borrowings in the current period, which led to an increase in interest expenses. Theappreciation of the Japanese yen led to an increase in exchange losses;11. The net cash flows from operating activities in current period decreased by RMB185.8809 million and 87.31%
year on year，Mainly due to the increase in advances in trade activities;
12. The net cash flows from investment activities in current period increased by RMB27.6183 million and
158.88% year on year，Mainly due to the redemption of the entrusted financial management due in the current
period;13. The net cash flows from financing activities in current period increased by RMB252.1144 million and
13,976.67% year on year，Mainly due to the increase in short-term loans in the current period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolvingproposal.
√ Applicable □ Not applicable
(1) Progress information about the second phase of No.6 line TFT-LCD polarizer project
In view of the fact that the second phase project of the No.6 line project has been transferred to the fixedasset and entered the mass production stage, the project invested by the raised funds has been basically finished,so the company will deposit the RMB 134,717,200 from the left raised funds into the original specific account forraised funds for the subsequent expenditures of No.6 Line project, and use the rest left RMB 403.0727 million
(The specific amount is subject to the bank’s settlement on the day the funds are transferred)of the raised funds for
the ultra-large-size TV polarizer industrialization project (Line 7). The above matter have been reviewed and
approved by the Company's second provisional shareholders’ meeting of 2018. For details, please refer to theCompany’s announcements of No. 2018-34 and No. 2018-41.
(II) Progress in subsidiaries participating in the establishment of industrial funds
On November 16, 2017, the company's controlling subsidiary Shengbo Optoelectronic Co., Ltd signed theChangxing Junying Equity Investment Partnership (Limited Partnership) Agreement with the fund managerHuizhi Investment Management Co., Ltd, general partner Jinxin Investment Co., Ltd and other limited partners,
and co-sponsored the establishment of an industrial fund, focusing on the optical film industry chain relatedprojects related to the company's main business, with a fund size of RMB 50 million. Shengbo Optoelectronic Co.,Ltd, as one of the limited partners of the industrial fund, subscribed for a capital contribution of RMB 28.5
million .For details Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2017--55).
On February 10, 2018, Changxing Junying had accumulated 3 investment projects with a total investment of RMB42 million.
| No | Name | Investment | Fund contribution （Ten thousand） |
| 1 | Shenzhen Kaichuang Shijia Technology Co., Ltd. | Optical Film | 1,400 |
| 2 | Shenzhen shenfuyu Electronic Technology Co., Ltd. | Optical Film | 1,300 |
| 3 | Shenzhen Hengbaoshun Technology Development Co., Ltd. | Optical Film | 1,500 |
about via capital increase and share-expanding to introduce strategic investors by the Company’sSubsidiary-Shenzhen Shengbo Optoelectronic Technology Co., Ltd.” was reviewed and approved, and agreed that
the subsidiary Shengbo Optoelectronic Co., Ltd. can publicly solicit no more than 5 strategic investors on theShenzhen United Assets and Equity Exchange according to the regulations on state-owned assets and based on theassets appraisal results recorded, and upon that finalize the strategic investors via competitive negotiations. Atpresent, the company is communicating with the state-owned assets management department and some potentialinvestors. Yet, there is still some uncertainty in this matter, and investors are advised to pay attention to theinvestment risks. The company will further fulfill the corresponding review procedures and information disclosureobligations according to the progress of the matter.
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,directors, supervisors, senior executives or other related parties in the reporting period and commitmentsunfinished in implementation at the end of the reporting period
□ Applicable √ Not applicable
The company has no commitments completed in period and those without completed till lend of the period fromactual controller, shareholders, related parties, purchaser and companies.
IV. Anticipation of Business Performance of 2018Alert of loss or significant change in net profit from the beginning of year to the end of next report period orcomparing with the same period of last year, and statement of causations.
□ Applicable √ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.VI. Entrusted Financial Management
√ Applicable □ Not applicable
Unit :Ten thousand yuan
| Type | Source | Amount | Unexpired balance | Overdue amount |
| Bank financing product | Self fund | 8,000 | 0 | 0 |
| Trust financing product | Self fund | 80,000 | 60,000 | 0 |
| Bank financing product | Raise funds | 50,000 | 0 | 0 |
| Total | 138,000 | 60,000 | 0 | |
| Name of | Type of Trustee | Product Type | Amount | Capital Source | Start Date | Expiry Date | Funds Allocati | Method of | Reference | Expected | Actual profit | The actual recovery of | Amount of | Whether | Whether there | Summary of |
| Trustee Organization (or Trustee Name) | Organization(or Trustee) | on | Reward Determination | Annualized Rate of Return | Income (if any) | and loss during the reporting period | profit and loss during the reporting period | provision for impairment (if any) | passed the statutory procedure | is any entrusted financial plan in the future | events and related search index (if any) | |||||
| Wanxiang Trust Co., Ltd. | Trust | Designated Use Business Management Funding Trust | 40,000 | Self fund | January 13,2018 | December 28,2018 | Trust financial products | Quarterly interest balance | 7.50% | 2,860.27 | Unexpired | Yes | Not applicable | Http://www.cninfo.com.cn: (Announcement No. 2018-04) | ||
| Wanxiang Trust Co., Ltd. | Trust | Designated Use Business Management Funding Trust | 40,000 | Self fund | February 17,2017 | December 16,2018 | Trust financial products | Quarterly interest balance | 7.50% | 5,058.33 | 2,242.41 | Redemption part of the Trust,200 million yuan ,and recovery 22.42 million as the profit | Yes | Not applicable | Http://www.cninfo.com.cn: (Announcement No. 2017-26) | |
| Total | 80,000 | -- | -- | -- | -- | -- | -- | 7,918.6 | 2,242.41 | -- | 0 | -- | -- | -- | ||
IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the PeriodX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed companyin Period
IV. Financial StatementI. Financial statement
1. Consolidated balance sheetPrepared by: Shenzhen Textile (Holdings) Co., Ltd.
September 30,2018
In RMB yuan
| Items | At the end of term | Beginning of term |
| Current asset： | ||
| Monetary fund | 1,065,136,601.79 | 1,165,048,108.83 |
| Settlement provision | ||
| Outgoing call loan | ||
| Financial assets measured at fair value with variations accounted into current income account | ||
| Derivative financial assets | ||
| Notes receivable and account receivable | 337,328,963.85 | 236,710,196.70 |
| Including： Notes receivable | 6,741,658.16 | 44,207,119.00 |
| Account receivable | 330,587,305.69 | 192,503,077.70 |
| Advance payment | 328,841,906.25 | 13,755,152.05 |
| Insurance receivable | ||
| Reinsurance receivable | ||
| Provisions of Reinsurance contracts receivable | ||
| Other account receivable | 16,626,736.10 | 28,654,857.07 |
| Repurchasing of financial assets |
| Inventories | 328,253,634.15 | 275,615,176.16 |
| Assets held for sales | ||
| Non-current asset due in 1 year | ||
| Other current asset | 944,659,697.77 | 1,148,689,874.10 |
| Total of current assets | 3,020,847,539.91 | 2,868,473,364.91 |
| Non-current assets： | ||
| Loans and payment on other’s behalf disbursed | ||
| Available for sale of financial assets | 63,892,748.65 | 66,035,733.04 |
| Expired investment in possess | ||
| Long-term receivable | ||
| Long term share equity investment | 20,648,696.21 | 20,380,734.56 |
| Property investment | 169,723,534.06 | 173,105,806.27 |
| Fixed assets | 1,007,261,178.25 | 656,133,200.19 |
| Construction in progress | 8,311,791.46 | 322,570,173.73 |
| Production physical assets | ||
| Gas & petrol | ||
| Intangible assets | 38,233,644.21 | 38,870,673.40 |
| development expenses | ||
| Goodwill | ||
| Long-germ expenses to be amortized | 1,131,051.69 | 1,035,290.08 |
| Deferred income tax asset | 3,066,907.36 | 1,974,536.90 |
| Other non-current asset | 176,372,518.60 | 47,166,994.48 |
| Total of non-current assets | 1,488,642,070.49 | 1,327,273,142.65 |
| Total of assets | 4,509,489,610.40 | 4,195,746,507.56 |
| Current liabilities | ||
| Short-term loans | 389,064,282.40 | 88,638,181.45 |
| Loan from Central Bank | ||
| Deposit received and hold for others | ||
| Call loan received | ||
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities | ||
| Notes payable and account payable | 92,414,139.86 | 97,104,697.18 |
| Advance receipts | 55,072,612.60 | 34,952,567.83 |
| Selling of repurchased financial assets | ||
| Fees and commissions receivable | ||
| Employees’ wage payable | 19,923,735.12 | 29,503,260.65 |
| Tax payable | 10,423,560.90 | 6,935,262.57 |
| Other account payable | 243,049,055.30 | 200,826,343.58 |
| Reinsurance fee payable | ||
| Insurance contract provision | ||
| Entrusted trading of securities | ||
| Entrusted selling of securities | ||
| Liabilities held for sales | ||
| Non-current liability due in 1 year | 40,000,000.00 | |
| Other current liability | ||
| Total of current liability | 809,947,386.18 | 497,960,313.26 |
| Non-current liabilities： | ||
| Long-term loan | 40,000,000.00 | 40,000,000.00 |
| Bond payable | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Long-term payable | ||
| Long-term payable employee’s remuneration | ||
| Expected liabilities | ||
| Deferred income | 131,130,313.06 | 134,767,064.72 |
| Deferred income tax liability | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 171,130,313.06 | 174,767,064.72 |
| Total of liability | 981,077,699.24 | 672,727,377.98 |
| Owners’ equity | ||
| Share capital | 511,274,149.00 | 511,274,149.00 |
| Other equity instrument | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 1,871,178,266.17 | 1,866,001,475.17 |
| Less：Shares in stock | 27,230,679.00 | 27,230,679.00 |
| Other comprehensive income | 586,697.97 | 2,218,703.87 |
| Special reserves | ||
| Surplus reserves | 77,477,042.19 | 77,477,042.19 |
| Common risk provision | ||
| Retained profit | -19,997,328.33 | -32,266,087.44 |
| Total of owner’s equity belong to the parent company | 2,413,288,148.00 | 2,397,474,603.79 |
| Minority shareholders’ equity | 1,115,123,763.16 | 1,125,544,525.79 |
| Total of owners’ equity | 3,528,411,911.16 | 3,523,019,129.58 |
| Total of liabilities and owners’ equity | 4,509,489,610.40 | 4,195,746,507.56 |
| Items | At the end of term | Beginning of term |
| Current asset： | ||
| Monetary fund | 321,628,697.34 | 413,700,327.95 |
| Financial assets measured at fair value with variations accounted into current income account | ||
| Derivative financial assets | ||
| Notes receivable and account receivable | 541,340.49 | 449,536.21 |
| Including：Notes receivable | ||
| Account receivable | 541,340.49 | 449,536.21 |
| Advance payment | 144,445.00 | 10,000.00 |
| Other account receivable | 18,838,124.69 | 19,443,487.43 |
| Inventories | ||
| Assets held for sales | ||
| Non-current asset due in 1 year | ||
| Other current asset | 250,000,000.00 | 120,000,000.00 |
| Total of current assets | 591,152,607.52 | 553,603,351.59 |
| Non-current assets： | ||
| Available for sale of financial assets | 33,892,748.65 | 36,035,733.04 |
| Expired investment in possess | ||
| Long-term receivable | ||
| Long term share equity investment | 1,989,379,324.88 | 1,984,849,008.23 |
| Property investment | 162,633,025.12 | 165,607,900.07 |
| Fixed assets | 26,922,467.14 | 28,119,990.58 |
| Construction in progress | ||
| Production physical assets | ||
| Gas & petrol | ||
| Intangible assets | 1,112,607.48 | 1,413,305.67 |
| Development expenses | ||
| Goodwill | ||
| Long-germ expenses to be amortized | ||
| Deferred income tax asset | 2,695,264.19 | 1,526,871.33 |
| Other non-current asset | 493,620.44 | |
| Total of non-current assets | 2,216,635,437.46 | 2,218,046,429.36 |
| Total of assets | 2,807,788,044.98 | 2,771,649,780.95 |
| Current liabilities | ||
| Short-term loans | ||
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities | ||
| Notes payable and account payable | 411,743.57 | 411,743.57 |
| Advance receipts | 639,024.58 | 639,024.58 |
| Employees’ wage payable | 6,097,679.30 | 8,495,538.21 |
| Tax payable | 6,257,990.61 | 3,247,028.64 |
| Other account payable | 140,392,477.08 | 134,018,771.57 |
| Classified as held for sale debt | ||
| Non-current liability due in 1 year | ||
| Other current liability | ||
| Total of current liability | 153,798,915.14 | 146,812,106.57 |
| Non-current liabilities： | ||
| Long-term loan | ||
| Bond payable | ||
| Including：preferred stock |
| Sustainable debt | ||
| Long-term payable | ||
| Long-term payable to employees | ||
| Expected liabilities | ||
| Deferred income | 725,000.00 | 800,000.00 |
| Deferred income tax liability | ||
| Other non-current liabilities | ||
| Total of Non-current liabilities | 725,000.00 | 800,000.00 |
| Total of liability | 154,523,915.14 | 147,612,106.57 |
| Owners’ equity | ||
| Share capital | 511,274,149.00 | 511,274,149.00 |
| Other equity instrument | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 1,605,797,459.96 | 1,599,381,854.96 |
| Less：Shares in stock | 27,230,679.00 | 27,230,679.00 |
| Other comprehensive income | 586,697.97 | 2,218,703.87 |
| Special reserves | ||
| Surplus reserves | 77,477,042.19 | 77,477,042.19 |
| Retained profit | 485,359,459.72 | 460,916,603.36 |
| Total of owners’ equity | 2,653,264,129.84 | 2,624,037,674.38 |
| Total of liabilities and owners’ equity | 2,807,788,044.98 | 2,771,649,780.95 |
| Items | Amount in this period | Amount in last period |
| I. Total revenue | 533,270,021.40 | 331,001,389.67 |
| Incl：Business income | 533,270,021.40 | 331,001,389.67 |
| Interest income | ||
| Insurance fee earned | ||
| Fee and commission received | ||
| II. Total business cost | 554,021,386.71 | 315,237,699.19 |
| Incl：Business cost | 504,893,477.84 | 285,392,459.66 |
| Interest expenses |
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Net amount provided as insurance contract reserves | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 1,738,585.02 | 2,418,395.81 |
| Sales expense | 2,602,163.62 | 2,289,553.93 |
| Administrative expense | 22,119,362.08 | 18,247,199.60 |
| R & D expenses | 9,392,863.24 | 8,758,361.69 |
| Financial expenses | -1,498,297.07 | -10,013,576.23 |
| Including：Interest cost | 4,023,167.51 | 900,858.38 |
| Interest income | -10,856,486.49 | -8,685,673.15 |
| Asset impairment loss | 14,773,231.98 | 8,145,304.73 |
| Add： Other gains | 3,280,583.90 | 1,900,245.06 |
| Investment gain（“-”for loss） | 15,640,419.06 | 13,715,772.77 |
| Incl: Investment gains from affiliates | 770,496.99 | -268,250.53 |
| Fair value change income | ||
| Gains from currency exchange（“-”for loss） | ||
| Assets disposal income | ||
| III. Operational profit（“-”for loss） | -1,830,362.35 | 31,379,708.31 |
| Add ：Non-operational income | 1,216,652.61 | -460,271.44 |
| Less：Non-operational expenses | 1,105.40 | 1,500,120.00 |
| IV .Gross profit(“-”for loss) | -614,815.14 | 29,419,316.87 |
| Less：Income tax expenses | 3,334,101.51 | 2,876,264.57 |
| V. Net profit | -3,948,916.65 | 26,543,052.30 |
| (1) Categorized by going concern | -3,948,916.65 | 26,543,052.30 |
| (2) Termination of operating net profit | ||
| Net profit attributable to the owners of parent company | 2,621,782.96 | 19,241,712.46 |
| Minority shareholders’ equity | -6,570,699.61 | 7,301,339.84 |
| VI. After tax net amount of comprehensive income | -1,242,238.23 | -387,412.35 |
| Net of profit of other comprehensive | -1,242,238.23 | -387,412.35 |
| income attributable to owners of the parent company | ||
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | ||
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | -1,242,238.23 | -387,412.35 |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2.Gains and losses from changes in fair value available for sale financial assets | -1,097,121.47 | -103,501.96 |
| 3.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 4.The effective portion of cash flow hedges and losses | ||
| 5.Translation differences in currency financial statements | -145,116.76 | -283,910.39 |
| 6.Other | ||
| Net after-tax of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | -5,191,154.88 | 26,155,639.95 |
| Total comprehensive income attributable to the owner of the parent company | 1,379,544.73 | 18,854,300.11 |
| Total comprehensive income attributable minority shareholders | -6,570,699.61 | 7,301,339.84 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.005 | 0.04 |
| (II)Diluted earnings per share | 0.005 | 0.04 |
| Items | Amount in this period | Amount in last period |
| I. Turnover | 17,545,119.19 | 16,416,906.14 |
| Less：Operation cost | 3,851,696.65 | 4,787,245.13 |
| Taxes and surcharge | 591,784.85 | 927,123.27 |
| Sales expenses | ||
| Administrative expenses | 6,614,949.78 | 5,712,438.73 |
| R & D cost | ||
| Financial expenses | -4,392,650.45 | -3,566,528.25 |
| Including：Interest cost | ||
| Interest income | -4,390,835.23 | -3,558,355.70 |
| Impairment loss on assets | 11,510.21 | 60,186.86 |
| Add：Other gains | 25,000.00 | |
| Investment gains(“-“for loss) | 1,217,643.59 | 18,965,349.31 |
| Including: investment income from associates and joint ventures | 770,496.99 | -268,250.53 |
| Fair value change income | ||
| Assets disposal income | ||
| II. Operational profit（“-”for loss） | 12,110,471.74 | 27,461,789.71 |
| Add ：Non-operational income | 0.00 | 0.00 |
| Less：Non -operational expenses | 0.00 | |
| III.Gross profit(“-”for loss) | 12,110,471.74 | 27,461,789.71 |
| Less：Income tax expenses | 2,761,780.38 | 2,012,344.53 |
| IV. Net profit | 9,348,691.36 | 25,449,445.18 |
| (1) Categorized by going concern | 9,348,691.36 | 25,449,445.18 |
| (2) Termination of operating net profit | ||
| V.After tax net amount of comprehensive income | -1,242,238.23 | -387,412.35 |
| （I）Other comprehensive income items that will not be reclassified into |
| gains/losses in the subsequent accounting period | ||
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| （II）Other comprehensive income that will be reclassified into profit or loss. | -1,242,238.23 | -387,412.35 |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2.Gains and losses from changes in fair value available for sale financial assets | -1,097,121.47 | -103,501.96 |
| 3.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 4.The effective portion of cash flow hedges and losses | ||
| 5.Translation differences in currency financial statements | -145,116.76 | -283,910.39 |
| 6.Other | ||
| VI. Total comprehensive income | 8,106,453.13 | 25,062,032.83 |
| VII. Earnings per share： | ||
| （I）Basic earnings per share | ||
| (II)Diluted earnings per share |
| Items | Amount in this period | Amount in last period |
| I. Total revenue | 1,071,558,072.01 | 1,070,339,146.54 |
| Including：Business income | 1,071,558,072.01 | 1,070,339,146.54 |
| Interest income | ||
| Insurance fee earned | ||
| Commission charge and commission |
| income | ||
| II. Total Business cost | 1,116,730,918.66 | 1,062,920,000.87 |
| Including：Business cost | 984,012,078.21 | 963,009,655.45 |
| Interest expense | ||
| Commission chare and commission expense | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Insurance policy dividend paid | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 5,579,141.14 | 9,007,413.66 |
| Sales expenses | 6,382,575.15 | 6,296,597.07 |
| Administrative expense | 63,358,481.81 | 48,152,890.61 |
| R & D cost | 30,581,963.06 | 19,699,239.17 |
| Financial expenses | -5,350,884.73 | -22,050,932.81 |
| Including：Interest cost | 7,451,251.45 | 3,141,086.46 |
| Interest income | -20,792,762.67 | -26,009,209.02 |
| Asset impairment loss | 32,167,564.02 | 38,805,137.72 |
| Add：Other gains | 9,092,751.66 | 7,044,206.96 |
| Investment gain（“-”for loss） | 44,193,129.21 | 36,670,808.16 |
| Including: investment income from associates and joint ventures | 1,387,442.66 | -48,134.90 |
| Fair value change income | ||
| Gains from currency exchange（“-”for loss） | ||
| Assets disposal income | ||
| III. Operational profit（“-”for loss） | 8,113,034.22 | 51,134,160.79 |
| Add ：Non-operational income | 1,306,557.78 | 68,148.33 |
| Less：Non-operational expenses | 154,443.48 | 1,503,598.36 |
| IV. Gross profit(“-”for loss) | 9,265,148.52 | 49,698,710.76 |
| Less：Income tax expenses | 8,655,966.04 | 10,619,222.84 |
| V. Net profit | 609,182.48 | 39,079,487.92 |
| (1) Categorized by going concern | 609,182.48 | 39,079,487.92 |
| (2) Termination of operating net profit |
| Net profit attributable to the owners of parent company | 12,268,759.11 | 33,699,554.09 |
| Minority shareholders’ equity | -11,659,576.63 | 5,379,933.83 |
| VI.After tax net amount of comprehensive income | -1,632,005.90 | -461,441.26 |
| Net of profit of other comprehensive income attributable to owners of the parent company | -1,632,005.90 | -461,441.26 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | ||
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | -1,632,005.90 | -461,441.26 |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2.Gains and losses from changes in fair value available for sale financial assets | ||
| 3.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 4.The effective portion of cash flow hedges and losses | ||
| 5.Translation differences in currency financial statements | -24,767.61 | -399,320.80 |
| 6.Other | ||
| Net after-tax of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | -1,022,823.42 | 38,618,046.66 |
| Total comprehensive income attributable to the owner of the parent | 10,636,753.21 | 33,238,112.83 |
| company | ||
| Total comprehensive income attributable minority shareholders | -11,659,576.63 | 5,379,933.83 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.024 | 0.0665 |
| (II)Diluted earnings per share | 0.024 | 0.0665 |
| Items | Amount in this period | Amount in last period |
| I. Turnover | 50,889,018.61 | 48,266,504.17 |
| Less：Business cost | 10,785,956.23 | 10,870,510.97 |
| Taxes and surcharge | 2,050,198.31 | 2,291,747.22 |
| Sales expenses | ||
| Administrative expense | 21,051,519.67 | 16,100,877.53 |
| R & D cost | ||
| Financial expenses | -12,225,921.71 | -9,928,250.42 |
| Including：Interest cost | ||
| Interest income | -12,236,505.07 | -9,924,251.20 |
| Asset impairment loss | 377,337.07 | -3,591,943.81 |
| Add：Other gains | 75,000.00 | |
| Investment gain（“-”for loss） | 2,409,363.41 | 21,112,051.38 |
| Including: investment income from associates and joint ventures | 1,387,442.66 | -48,134.90 |
| Fair value change income | ||
| Assets disposal income | ||
| II. Operational profit（“-”for loss） | 31,334,292.45 | 53,635,614.06 |
| Add ：Non-operational income | 79,604.02 | 1,510.00 |
| Less：Non-operational expenses | 1,582.15 | |
| III.Gross profit(“-”for loss) | 31,413,896.47 | 53,635,541.91 |
| Less：Income tax expenses | 6,971,040.11 | 8,390,425.68 |
| IV. Net profit | 24,442,856.36 | 45,245,116.23 |
| (1) Categorized by going concern | 24,442,856.36 | 45,245,116.23 |
| (2) Termination of operating net profit | ||
| V.After tax net amount of comprehensive income | -1,632,005.90 | -74,028.91 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | ||
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| （II）Other comprehensive income that will be reclassified into profit or loss. | -1,632,005.90 | -74,028.91 |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2.Gains and losses from changes in fair value available for sale financial assets | ||
| 3.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 4.The effective portion of cash flow hedges and losses | ||
| 5.Translation differences in currency financial statements | -24,767.61 | -399,320.80 |
| 6.Other | ||
| VI. Total comprehensive income | 22,810,850.46 | 45,171,087.32 |
| VII. Earnings per share： | ||
| （I）Basic earnings per share | ||
| (II)Diluted earnings per share |
| Items | Amount in this period | Amount in last period |
| I.Cash flows from operating activities | ||
| Cash received from sales of goods or | 974,017,262.18 | 1,124,801,981.04 |
| rending of services | ||
| Net increase of customer deposits and capital kept for brother company | ||
| Net increase of loans from central bank | ||
| Net increase of inter-bank loans from other financial bodies | ||
| Cash received against original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase of client deposit and investment | ||
| Net increase of the financial assets that are measured at fair value and whose movement is counted to the current gain and loss | ||
| Cash received as interest, processing fee and commission | ||
| Net increase of inter-bank fund received | ||
| Net increase of repurchasing business | ||
| Tax returned | 57,858,289.86 | 37,074,063.06 |
| Other cash received from business operation | 55,467,567.57 | 79,873,288.20 |
| Sub-total of cash inflow | 1,087,343,119.61 | 1,241,749,332.30 |
| Cash paid for purchasing of merchandise and services | 1,308,829,199.47 | 1,031,529,910.73 |
| Net increase of client trade and advance | ||
| Net increase of savings n central bank and brother company | ||
| Cash paid for original contract claim | ||
| Cash paid for interest, processing fee and commission | ||
| Cash paid for policy dividend | ||
| Cash paid to staffs or paid for staffs | 110,803,215.30 | 102,698,032.16 |
| Taxes paid | 33,844,922.30 | 128,736,026.79 |
| Other cash paid for business activities | 32,654,523.58 | 191,693,186.77 |
| Sub-total of cash outflow from business | 1,486,131,860.65 | 1,454,657,156.45 |
| activities | ||
| Cash flow generated by business operation, net | -398,788,741.04 | -212,907,824.15 |
| II.Cash flow generated by investing | ||
| Cash received from investment retrieving | ||
| Cash received as investment gains | 3,264,969.53 | 5,713,598.83 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 26,797.81 | 1,510.00 |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | 2,921,223,209.77 | 2,448,723,939.45 |
| Sub-total of cash inflow due to investment activities | 2,924,514,977.11 | 2,454,439,048.28 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 172,613,463.28 | 155,985,884.39 |
| Cash paid as investment | ||
| Net increase of loan against pledge | ||
| Net cash received from subsidiaries and other operational units | ||
| Other cash paid for investment activities | 2,706,900,000.00 | 2,281,069,933.33 |
| Sub-total of cash outflow due to investment activities | 2,879,513,463.28 | 2,437,055,817.72 |
| Net cash flow generated by investment | 45,001,513.83 | 17,383,230.56 |
| III.Cash flow generated by financing | ||
| Cash received as investment | ||
| Incl: Cash received as investment from minor shareholders | ||
| Cash received as loans | 494,228,404.46 | 102,114,112.05 |
| Cash received from bond placing | ||
| Other financing –related ash received | 2,587,238.69 | 6,809,000.00 |
| Sub-total of cash inflow from financing activities | 496,815,643.15 | 108,923,112.05 |
| Cash to repay debts | 238,398,742.89 | 106,864,967.87 |
| Cash paid as dividend, profit, or interests | 4,683,129.69 | |
| Incl: Dividend and profit paid by subsidiaries to minor shareholders | ||
| Other cash paid for financing activities | -184,487.96 | 254,321.38 |
| Sub-total of cash outflow due to financing activities | 242,897,384.62 | 107,119,289.25 |
| Net cash flow generated by financing | 253,918,258.53 | 1,803,822.80 |
| IV. Influence of exchange rate alternation on cash and cash equivalents | -97,897.33 | -1,455,883.48 |
| V.Net increase of cash and cash equivalents | -99,966,866.01 | -195,176,654.27 |
| Add: balance of cash and cash equivalents at the beginning of term | 1,161,240,139.33 | 930,114,436.57 |
| VI ..Balance of cash and cash equivalents at the end of term | 1,061,273,273.32 | 734,937,782.30 |
| Items | Amount in this period | Amount in last period |
| I.Cash flows from operating activities | ||
| Cash received from sales of goods or rending of services | 52,432,255.32 | 49,895,645.32 |
| Tax returned | ||
| Other cash received from business operation | 9,186,847.78 | 16,881,970.49 |
| Sub-total of cash inflow | 61,619,103.10 | 66,777,615.81 |
| Cash paid for purchasing of merchandise and services | 4,367,850.28 | 3,829,810.68 |
| Cash paid to staffs or paid for staffs | 13,780,580.01 | 12,300,082.40 |
| Taxes paid | 10,360,700.34 | 12,437,816.73 |
| Other cash paid for business activities | 13,913,677.69 | 15,990,242.25 |
| Sub-total of cash outflow from business activities | 42,422,808.32 | 44,557,952.06 |
| Cash flow generated by business operation, net | 19,196,294.78 | 22,219,663.75 |
| II.Cash flow generated by investing |
| Cash received from investment retrieving | ||
| Cash received as investment gains | 2,366,618.15 | 4,879,575.52 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 24,597.81 | 1,510.00 |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | 347,915,044.35 | 80,589,678.73 |
| Sub-total of cash inflow due to investment activities | 350,306,260.31 | 85,470,764.25 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 1,574,185.70 | 3,972,272.58 |
| Cash paid as investment | ||
| Net cash received from subsidiaries and other operational units | ||
| Other cash paid for investment activities | 460,000,000.00 | 160,000,000.00 |
| Sub-total of cash outflow due to investment activities | 461,574,185.70 | 163,972,272.58 |
| Net cash flow generated by investment | -111,267,925.39 | -78,501,508.33 |
| III.Cash flow generated by financing | ||
| Cash received as investment | ||
| Cash received as loans | ||
| Cash received from bond placing | ||
| Other financing –related ash received | ||
| Sub-total of cash inflow from financing activities | ||
| Cash to repay debts | ||
| Cash paid as dividend, profit, or interests | ||
| Other cash paid for financing activities | ||
| Sub-total of cash outflow due to financing activities | ||
| Net cash flow generated by financing | ||
| IV. Influence of exchange rate |
| alternation on cash and cash equivalents | ||
| V.Net increase of cash and cash equivalents | -92,071,630.61 | -56,281,844.58 |
| Add: balance of cash and cash equivalents at the beginning of term | 413,700,327.95 | 440,685,610.11 |
| VI ..Balance of cash and cash equivalents at the end of term | 321,628,697.34 | 384,403,765.53 |