Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2019
October 2019
1 Important NoticeThe Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of the Companyhereby 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, Ms. Di Yan, Person in charge of accounting works, Ms.MuLinying , Chief of the accounting organ (the person in charge of the accounting )hereby confirm the authenticityand 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 of the Company
（1）Main financial data and financial index
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √No
In RMB
| As at the end of the reporting period | As at the end of last year | Changed （%）over end of prev. year | ||||
| Gross assets（Yuan） | 4,311,784,394.15 | 4,619,203,416.79 | -6.66% | |||
| Net assets attributable to the shareholders of the listed company（Yuan） | 2,589,873,744.41 | 2,373,329,991.86 | 9.12% | |||
| 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 revenue（Yuan） | 631,655,475.88 | 45.88% | 1,640,518,771.38 | 80.82% | ||
| Net profit attributable to the shareholders of the listed company（Yuan） | 9,061,067.98 | 245.61% | 16,893,355.96 | 37.69% |
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（Yuan） | -1,542,112.46 | 79.76% | -12,090,694.66 | 34.43% |
| Net cash generated from /used in operating activities（Yuan） | -- | -- | 286,532,683.65 | 171.85% |
| Basic earning per share (Yuan/Share) | 0.0178 | 249.02% | 0.0331 | 37.92% |
| Diluted gains per share (Yuan/Share) | 0.0178 | 249.02% | 0.0331 | 37.92% |
| Weighted average return on equity（%） | 0.37% | 0.26% | 0.68% | 0.17% |
| 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) | 17,190,652.07 | |
| Govemment subsidy recognized in current gain and loss (excluding those closely related to the Company’s business and granted under the state’s policies) | 21,871,492.10 | |
| Other non-operating income and expenditure except for the aforementioned items | 4,746,765.30 | |
| Less: Amount of influence of income tax | 4,497,841.58 | |
| Amount of influence of minority interests（After tax） | 10,327,017.27 | |
| Total | 28,984,050.62 | -- |
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recoveredand the Shares Held by Top Ten Common Shareholders
In shares
| Total number of common shareholders at the period-end | 509,338,429 | 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 | 45.96% | 234,069,436 | |||||
| Shenzhen Shenchao Technology Investment Co., Ltd. | State-owned Legal person | 3.17% | 16,129,032 | |||||
| Lu Yunlong | Domestic Nature person | 0.96% | 4,899,578 | |||||
| Sun Huiming | Domestic Nature person | 0.63% | 3,224,767 | |||||
| Li Songqiang | Domestic Nature person | 0.56% | 2,873,078 | |||||
| Zhang Ling | Domestic Nature person | 0.31% | 1,596,501 | |||||
| Kuang Gluowei | Domestic Nature person | 0.28% | 1,439,000 | |||||
| Zhu Ye | Domestic Nature person | 0.27% | 1,388,545 | |||||
| Hong Fan | Domestic Nature person | 0.26% | 1,338,900 | |||||
| Li Zengmao | Domestic Nature person | 0.23% | 1,146,700 | |||
| 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 | ||||
| Shenzhen Shenchao Technology Investment Co., Ltd. | 16,129,032 | RMB Common shares | ||||
| Lu Yunlong | 4,899,578 | RMB Common shares | ||||
| Sun Huiming | 3,224,767 | Foreign shares placed in domestic exchange | ||||
| Li Songqiang | 2,873,078 | RMB Common shares | ||||
| Zhang Ling | 1,596,501 | RMB Common shares | ||||
| Kuang Gluowei | 1,439,000 | RMB Common shares | ||||
| Zhu Ye | 1,388,545 | RMB Common shares | ||||
| Hong Fan | 1,338,900 | RMB Common shares | ||||
| Li Zengmao | 1,146,700 | RMB Common shares | ||||
| Related or acting-in-concert parties among shareholders above | Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of Shenzhen Investment Holdings Co., Ltd., According to the decision of the State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People's Government, Shenzhen Shenchao Technology Investment Co., Ltd was transferred to Shenzhen Major Industrial Investment Group Co., Ltd in June 2019. Shenzhen Investment Holdings Co., Ltd and Shenzhen Shenchao Technology Investment Co., Ltd are both controlled by the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government, so they are persons acting in concert. 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. | |||||
| Explanation on shareholders participating in the margin trading business (if any) | The Company Shareholder Lu Yunlong holds953,100 shares of the Company through stock account with credit transaction; The Company Shareholder Li Songqiang holds2,872,653 shares of the Company through stock account with credit transaction; The Company Shareholder Zhu Ye holds1,210,0245 shares of the Company through stock account with credit transaction. |
III Significant EventsI. Major changes of main accounting statement items and financial indicators in the reporting period, aswell as reasons for the changes
√ Applicable □ Not applicable
| Items | September 30,2019（In RMB10,000 ) | January 1,2019（In RMB 10,000 ) | Scale of change | Causes of change |
| Monetary fund | 48,050.41 | 114,175.94 | -57.92% | Mainly due to repayment of loans, purchase of structured deposits and the construction expenditure of No. 7 line of polarizer. |
| Transactional financial assets | 90,000.00 | 54,000.00 | 66.67% | Mainly due to the purchase of structured deposits. |
| Notes receivable | 3,902.76 | 88.64 | 4302.78% | Due to increase in sales revenue |
| Prepayments | 2,654.85 | 22,902.88 | -88.41% | Mainly due to the completion of the sales contract, resulting in the storage of goods. |
| Long term share equity investment | 16,044.42 | 3,295.21 | 386.90% | Mainly due to the increased investment in Shenzhen Guanhua Printing & Dyeing Co., Ltd. |
| Construction in progress | 12,273.07 | 1,562.13 | 685.66% | Mainly due to the increase in investment in the construction of No. 7 polarizer line. |
| Short-term loans | 2,719.36 | 41,152.21 | -93.39% | Mainly due to repayment of borrowings during the reporting period. |
| Advance receipts | 2,231.27 | 12,070.30 | -81.51% | Mainly due to the completion of the sales contract, resulting in the carry-over of income. |
| Non-current liability due within 1 year | 0.00 | 4,000.00 | -100.00% | Mainly due to repayment of Shenchao’s borrowings |
| Items | Amount incurred in the reporting period（In RMB10,000 ) | Amount incurred in the previous period （In RMB 10,000 ) | Scale of change | Causes of change |
| Turnover | 164,051.88 | 90,727.38 | 80.82% | Mainly due to the Phase II of TFT-LCD Line 6 was put into operation in the second half of 2018, leading to the production capacity was released this year and the sales volume increased YOY. |
| Operating income | 152,230.31 | 81,972.78 | 85.71% | Reasons same as income growth |
| Sales expense | 1,418.86 | 638.26 | 122.30% | Mainly due to the increased sales leading to the increased transportation costs and insurance premiums. |
Assets disposal income
| Assets disposal income | 1,719.07 | 0.00 | - | Mainly due to using the buildings & constructions to increase the investment in Shenzhen Guanhua Printing & Dyeing Co., Ltd. |
| Cash flow generated by business operation, net | 28,653.27 | -39,878.87 | 171.85% | Mainly due to the recovery of trade payments. |
| Net cash flow generated by investment | -67,821.70 | 4,500.15 | -1607.10% | Mainly due to the increase in investment in structured deposits. |
| Net increasing of cash and cash equivalents | -47,339.57 | 25,391.83 | -286.44% | Mainly due to repayment of short-term loans. |
AGV, pressure sensitive adhesive coating machine, wastewater treatment equipment, earthworks and partialconstruction projects, some of which have completed payment in stages. The construction of Line 7 hascommenced on April 18, 2019, and is currently in the stage of building foundation construction. As of September30, 2019, the Line 7 project has actually paid RMB 454.447 million (RMB 249.8671 million in raised funds,RMB 204.5799 million in private funds and government funds).(III) Progress of the commitment for the compensation in 2018 Annual Performance of the subsidiary, SAPOIn order to give full play to the advantages of the system and mechanism of mixed ownership, seize favorablemarket opportunities and achieve the goal of strengthening and enlarging the main optical film industries such aspolarizer, the Company introduced a strategic investor, Jinjiang Group to sign the Cooperation Agreement at thelevel of SAPO at the end of 2016 and Jinjiang Group has made a three-year performance commitment to SAPOfor the sake of achieving better results in the cooperation after the introduction of strategic investors (in2017-2019). However, the cooperation effect is unsatisfactory. In 2018, SAPO realized a net profit ofRMB-97.2687 million, with a net profit margin of RMB 197.2687 million from the performance commitment, ie.RMB 100 million. Jinjiang Group needs to make up for the net profit margin by cash according to the CooperationAgreement.
Based on the principle of mutual cooperation, mutual understanding and mutual accommodation, theCompany and Jinjiang Group have reached an agreement on compensation for the 2018 annual performancecommitment and after that’s reviewed by the 21st meeting of the 7th Board of Directors on September 20, 2019,they have signed the “Payment Agreement for Make-up for the 2018 Annual Performance Commitment”. Fordetails Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2019--45 and AnnouncementNo.:2019-47).
On October 9, 2019, the Company held the first extraordinary shareholders’ meeting in 2019, in which the“Proposal on Signing the Payment Agreement for Make-up for the 2018 Annual Performance Commitment” wasreview and approved, agreed that the Company signs the “Payment Agreement” with Jinjiang Group, with theagreement shall take effect from the date of approval of this shareholders’ general meeting. For details JuchaoWebsite:（http://www.cninfo.com.cn. (Announcement No.2019--51).
On October 9, 2019, Shengbo Optoelectronics has received the first batch payment of RMB 50 million fromJinjiang Group for the make-up of the 2018 annual performance commitment. For details Juchao Website:
（http://www.cninfo.com.cn. (Announcement No.2019--52).(IV) Progress in subsidiaries participating in the establishment of industrial fundsOn 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. SAPO as one of the limitedpartners of the industrial fund, subscribed for a capital contribution of RMB 28.5 million. For details JuchaoWebsite:（http://www.cninfo.com.cn. (Announcement No.2017--55).On February 10, 2018, Changxing Junying Equity Investment Partnership completed the industrial andcommercial registration and completed the private equity investment fund registration on February 8, 2018. Fordetails Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2018--05).As of September 30, 2019, Changxing Junying had accumulated 3 investment projects with a total investment ofRMB 42 million.
| No | Name | Investment | Fund contribution(In |
RMB 10,000)
RMB 10,000)
| 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 |
| Type | Source | Amount | Unexpired balance | Overdue amount |
| Bank financing product | Self fund | 73,000 | 73,000 | 0 |
| Bank financing product | Raised fund | 17,000 | 17,000 | 0 |
| Total | 90,000 | 90,000 | 0 | |
| Name of Trustee Organ | Type of Trustee Organ | Product Ty | Amount | Capital Sour | Start Date | Expiry Date | Funds Alloc | Method of Re | Reference Annualized Rate | Expected Income (if any) | Actual profit | The actual rec | Amount of provision for | Whether passed | Whether there is | Summary of events and relate |
ization (orTrusteeName)
| ization (or Trustee Name) | ization (or Trustee) | pe | ce | ation | ward Determination | of Return | and loss during the reporting period | overy of profit and loss during the reporting period | impairment (if any) | the statutory procedure | any entrusted financial plan in the future | d search index (if any) | ||||
| SPD Bank. Fenghuang Building Sub- Branch | Bank | Structural deposit | 22,000 | Self fund | July 30, 2019 | January 31, 2020 | Bank financial products | Repayment of principal and interest | 4.05% | 457.88 | 0 | Unexpired | Yes | Not applicable | ||
| SPD Bank. Fenghuang Building Sub- Branch | Bank | Structural deposit | 10,000 | Self fund | September 11, 2019 | March 9, 2020 | Bank financial products | Repayment of principal and interest | 3.85% | 192.5 | 0 | Unexpired | Yes | Not applicable | ||
| Total | 32,000 | -- | -- | -- | -- | -- | -- | 650.38 | 0 | -- | -- | -- | -- | |||
□ Applicable √ Not applicable
VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.VII. The registration form of acceptance of investigation, communication and interview in the reportperiod for future reference
□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the PeriodIX. 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 sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd.
In RMB
| Items | September 30,2019 | December 31,2018 |
| Current asset： | ||
| Monetary fund | 480,504,065.34 | 1,141,759,374.60 |
| Settlement provision | ||
| Outgoing call loan | ||
| Transactional financial assets | 900,000,000.00 | |
| Financial assets measured at fair value with variations accounted into current income account | ||
| Derivative financial assets | ||
| Notes receivable | 39,027,637.04 | 886,432.06 |
| Account receivable | 380,781,957.80 | 528,454,015.59 |
| Financing of receivables | ||
| Prepayments | 26,548,480.29 | 229,028,791.15 |
| Insurance receivable | ||
| Reinsurance receivable | ||
| Provisions of Reinsurance contracts receivable | ||
| Other account receivable | 15,345,495.95 | 14,846,896.50 |
| Including：Interest receivable | 3,907,256.00 | 5,589,704.44 |
| Dividend receivable | ||
| Repurchasing of financial assets | ||
| Inventories | 467,874,150.17 | 439,752,718.77 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current asset due within 1 year | ||
| Other current asset | 78,143,475.79 | 639,797,959.30 |
| Total of current assets | 2,388,225,262.38 | 2,994,526,187.97 |
Non-current assets：
| Non-current assets： | ||
| Loans and payment on other’s behalf disbursed | ||
| Debt investment | ||
| Available for sale of financial assets | 45,373,784.87 | |
| Other investment on bonds | ||
| Expired investment in possess | ||
| Long-term receivable | ||
| Long term share equity investment | 160,444,247.16 | 32,952,085.66 |
| Other equity instruments investment | 242,794,732.78 | |
| Other non-current financial assets | ||
| Property investment | 114,593,201.83 | 167,997,941.98 |
| Fixed assets | 912,204,779.30 | 987,876,247.55 |
| Construction in progress | 122,730,693.77 | 15,621,286.64 |
| Production physical assets | ||
| Oil & gas assets | ||
| Use right assets | ||
| Intangible assets | 36,854,660.14 | 37,880,815.85 |
| Development expenses | ||
| Goodwill | ||
| Long-germ expenses to be amortized | 2,621,790.44 | 1,486,209.03 |
| Deferred income tax asset | 5,707,158.52 | 6,036,198.23 |
| Other non-current asset | 325,607,867.83 | 329,452,659.01 |
| Total of non-current assets | 1,923,559,131.77 | 1,624,677,228.82 |
| Total of assets | 4,311,784,394.15 | 4,619,203,416.79 |
| Current liabilities | ||
| Short-term loans | 27,193,593.60 | 411,522,111.40 |
| Loan from Central Bank | ||
| Borrowing funds | ||
| Transactional financial liabilities | ||
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities |
Notes payable
| Notes payable | ||
| Account payable | 210,256,871.64 | 180,239,452.90 |
| Advance receipts | 22,312,742.40 | 120,702,951.37 |
| Contract Liabilities | ||
| Selling of repurchased financial assets | ||
| Deposit taking and interbank deposit | ||
| Entrusted trading of securities | ||
| Entrusted selling of securities | ||
| Employees’ wage payable | 24,378,140.19 | 32,506,267.08 |
| Tax payable | 16,098,101.50 | 7,745,128.99 |
| Other account payable | 162,691,333.57 | 229,015,279.98 |
| Including：Interest payable | 261,573.43 | 39,044,044.39 |
| Dividend payable | ||
| Fees and commissions payable | ||
| Reinsurance fee payable | ||
| Liabilities held for sales | ||
| Non-current liability due within 1 year | 40,000,000.00 | |
| Other current liability | ||
| Total of current liability | 462,930,782.90 | 1,021,731,191.72 |
| Non-current liabilities： | ||
| Reserve fund for insurance contracts | ||
| Long-term loan | ||
| Bond payable | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Lease liability | ||
| Long-term payable | ||
| Long-term remuneration payable to staff | ||
| Expected liabilities | ||
| Deferred income | 124,246,850.49 | 137,991,698.33 |
Deferred income tax liability
| Deferred income tax liability | 66,021,500.49 | |
| Other non-current liabilities | ||
| Total non-current liabilities | 190,268,350.98 | 137,991,698.33 |
| Total of liability | 653,199,133.88 | 1,159,722,890.05 |
| Owners’ equity | ||
| Share capital | 509,338,429.00 | 511,274,149.00 |
| Other equity instruments | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 1,856,561,028.03 | 1,865,716,983.63 |
| Less：Shares in stock | 16,139,003.40 | 27,230,679.00 |
| Other comprehensive income | 200,989,605.00 | 1,339,208.41 |
| Special reserve | ||
| Surplus reserves | 80,004,803.23 | 80,004,803.23 |
| Common risk provision | ||
| Retained profit | -40,881,117.45 | -57,774,473.41 |
| Total of owner’s equity belong to the parent company | 2,589,873,744.41 | 2,373,329,991.86 |
| Minority shareholders’ equity | 1,068,711,515.86 | 1,086,150,534.88 |
| Total of owners’ equity | 3,658,585,260.27 | 3,459,480,526.74 |
| Total of liabilities and owners’ equity | 4,311,784,394.15 | 4,619,203,416.79 |
| Items | September 30,2019 | December 31,2018 |
| Current asset： | ||
| Monetary fund | 20,959,476.59 | 85,416,567.74 |
| Transactional financial assets | 590,000,000.00 | |
| Financial assets measured at fair |
value with variations accounted intocurrent income account
| value with variations accounted into current income account | ||
| Derivative financial assets | ||
| Notes receivable | ||
| Account receivable | 767,067.54 | 541,948.21 |
| Financing of receivables | ||
| Prepayments | 58,221.17 | 17,436.00 |
| Other account receivable | 13,530,523.01 | 13,856,382.02 |
| Including：Interest receivable | 3,634,932.56 | 4,974,799.47 |
| Dividend receivable | ||
| Inventories | ||
| Contract assets | ||
| Assets held for sales | ||
| Non-current asset due within 1 year | ||
| Other current asset | 500,000,000.00 | |
| Total of current assets | 625,315,288.31 | 599,832,333.97 |
| Non-current assets： | ||
| Debt investment | ||
| Available for sale of financial assets | 15,373,784.87 | |
| Other investment on bonds | ||
| Expired investment in possess | ||
| Long-term receivable | ||
| Long term share equity investment | 2,110,664,829.32 | 1,997,175,852.27 |
| Other equity instruments investment | 200,829,741.61 | |
| Other non-current financial assets | ||
| Property investment | 108,895,689.79 | 161,053,628.71 |
| Fixed assets | 25,949,559.82 | 26,565,399.91 |
| Construction in progress | 19,552.00 | |
| Production physical assets | ||
| Oil & gas assets | ||
| Use right assets | ||
| Intangible assets | 744,005.91 | 1,012,374.75 |
| Development expenses | ||
| Goodwill |
Long-germ expenses to beamortized
| Long-germ expenses to be amortized | 835,176.13 | |
| Deferred income tax asset | 5,353,106.45 | 5,818,069.48 |
| Other non-current asset | ||
| Total of non-current assets | 2,453,291,661.03 | 2,206,999,109.99 |
| Total of assets | 3,078,606,949.34 | 2,806,831,443.96 |
| Current liabilities | ||
| Short-term loans | ||
| Transactional financial liabilities | ||
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Account payable | 411,743.57 | 411,743.57 |
| Advance receipts | 639,024.58 | 639,024.58 |
| Contract Liabilities | ||
| Employees’ wage payable | 6,718,857.33 | 9,760,306.51 |
| Tax payable | 11,066,461.70 | 5,494,627.33 |
| Other account payable | 121,772,847.49 | 141,746,352.67 |
| Including：Interest payable | ||
| Dividend payable | ||
| Liabilities held for sales | ||
| Non-current liability due within 1 year | ||
| Other current liability | ||
| Total of current liability | 140,608,934.67 | 158,052,054.66 |
| Non-current liabilities： | ||
| Long-term loan | ||
| Bond payable | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Lease liability | ||
| Long-term payable | ||
| Long-term remuneration payable to staff |
Expected liabilities
| Expected liabilities | ||
| Deferred income | 625,000.00 | 700,000.00 |
| Deferred income tax liability | 63,030,252.70 | |
| Other non-current liabilities | ||
| Total non-current liabilities | 63,655,252.70 | 700,000.00 |
| Total of liability | 204,264,187.37 | 158,752,054.66 |
| Owners’ equity | ||
| Share capital | 509,338,429.00 | 511,274,149.00 |
| Other equity instruments | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 1,589,869,499.36 | 1,599,025,454.96 |
| Less：Shares in stock | 16,139,003.40 | 27,230,679.00 |
| Other comprehensive income | 192,015,861.62 | 1,339,208.41 |
| Special reserve | ||
| Surplus reserves | 80,004,803.23 | 80,004,803.23 |
| Retained profit | 519,253,172.16 | 483,666,452.70 |
| Total of owners’ equity | 2,874,342,761.97 | 2,648,079,389.30 |
| Total of liabilities and owners’ equity | 3,078,606,949.34 | 2,806,831,443.96 |
| Items | Amount in this period | Amount in last period |
| I. Turnover | 631,655,475.88 | 433,011,400.70 |
| Including ：Operating income | 631,655,475.88 | 433,011,400.70 |
| Interest income | ||
| Insurance fee earned | ||
| Fee and commission received | ||
| II. Total operating costs | 622,983,451.14 | 438,989,534.03 |
| Including ：Operating costs | 581,715,597.60 | 404,634,857.14 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment |
Net claim amount paid
| Net claim amount paid | ||
| Appropriation of deposit for duty, net | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 2,177,606.85 | 1,738,585.02 |
| Sales expense | 6,818,778.79 | 2,602,163.62 |
| Administrative expense | 21,103,279.61 | 22,119,362.08 |
| R & D expense | 9,975,989.88 | 9,392,863.24 |
| Financial expenses | 1,192,198.41 | -1,498,297.07 |
| Including：Interest expense | 339,007.42 | 4,023,167.51 |
| Interest income | -8,880,432.64 | -10,856,486.49 |
| Add：Other income | 10,836,353.04 | 3,280,583.90 |
| Investment gain（“-”for loss） | -2,084,526.53 | 15,640,419.06 |
| Including: investment gains from affiliates | -3,486,196.57 | 770,496.99 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Gains from currency exchange | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | 6,113,480.07 | |
| Impairment loss of assets | -17,843,570.36 | -14,773,231.98 |
| Assets disposal income | 4,953,965.82 | |
| III. Operating profit（“-”for loss） | 10,647,726.78 | -1,830,362.35 |
| Add ：Non-operating income | 505,625.44 | 1,216,652.61 |
| Less: Non-operating expenses | 29.17 | 1,105.40 |
| IV. Total profit(“-”for loss) | 11,153,323.05 | -614,815.14 |
| Less：Income tax expenses | 5,729,139.09 | 3,334,101.51 |
| V. Net profit | 5,424,183.96 | -3,948,916.65 |
| (I) Classification by business continuity | ||
| 1.Net continuing operating profit | 5,424,183.96 | -3,948,916.65 |
| 2.Termination of operating net profit | ||
| (II) Classification by ownership |
1.Net profit attributable to the owners
of parent company
| 1.Net profit attributable to the owners of parent company | 9,061,067.98 | 2,621,782.96 |
| 2.Minority shareholders’ equity | -3,636,884.02 | -6,570,699.61 |
| VI. Net after-tax of other comprehensive income | 218,016.55 | -1,242,238.23 |
| Net of profit of other comprehensive income attributable to owners of the parent company. | 218,016.55 | -1,242,238.23 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 20,700.40 | |
| 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. | ||
| 3. Changes in the fair value of investments in other equity instruments | 20,700.40 | |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | 197,316.15 | -1,242,238.23 |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3.Gains and losses from changes in fair value available for sale financial assets | -1,097,121.47 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassi |
fied to gains and losses of available forsale financial assets
| fied to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency financial statements | 197,316.15 | -145,116.76 |
| 9.Other | ||
| Net of profit of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | 5,642,200.51 | -5,191,154.88 |
| Total comprehensive income attributable to the owner of the parent company | 9,279,084.53 | 1,379,544.73 |
| Total comprehensive income attributable minority shareholders | -3,636,884.02 | -6,570,699.61 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.0178 | 0.0051 |
| (II)Diluted earnings per share | 0.0178 | 0.0051 |
| Items | Amount in this period | Amount in last period |
| I. Revenue | 18,702,133.41 | 17,545,119.19 |
| Including ：Operating costs | 3,132,290.08 | 3,851,696.65 |
| Business tax and surcharge | 768,658.39 | 591,784.85 |
| Sales expense | ||
| Administrative expense | 6,715,501.68 | 6,614,949.78 |
| R & D expense | ||
| Financial expenses | -5,343,904.21 | -4,392,650.45 |
Including：Interest expenses
| Including：Interest expenses | ||
| Interest income | -5,359,854.48 | -4,390,835.23 |
| Add：Other income | 31,720.83 | 25,000.00 |
| Investment gain（“-”for loss） | -3,029,192.67 | 1,217,643.59 |
| Including: investment gains from affiliates | -3,486,196.57 | 770,496.99 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | -88,387.87 | |
| Impairment loss of assets | -11,510.21 | |
| Assets disposal income | 5,271,919.22 | |
| II. Operating profit （“-”for loss） | 15,615,646.98 | 12,110,471.74 |
| Add ：Non-operating income | 6,400.00 | |
| Less：Non -operating expenses | ||
| III. Total profit (“-” for loss) | 15,622,046.98 | 12,110,471.74 |
| Less：Income tax expenses | 4,725,309.91 | 2,761,780.38 |
| IV. Net profit | 10,896,737.07 | 9,348,691.36 |
| 1.Net continuing operating profit | 10,896,737.07 | 9,348,691.36 |
| 2.Termination of operating net profit | ||
| V. Net after-tax of other comprehensive income | 218,016.55 | -1,242,238.23 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 20,700.40 | |
| 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. | ||
| 3. Changes in the fair value of investments in other equity instruments | 20,700.40 |
4. Changes in the fair value of the
company’s credit risks
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | 197,316.15 | -1,242,238.23 |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3. Gains and losses from changes in fair value available for sale financial assets | -1,097,121.47 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency financial statements | 197,316.15 | -145,116.76 |
| 9.Other | ||
| VI. Total comprehensive income | 11,114,753.62 | 8,106,453.13 |
| VII. Earnings per share | ||
| （I）Basic earnings per share | ||
| (II)Diluted earnings per share |
| Items | Amount in this period | Amount in last period |
| I. Turnover | 1,640,518,771.38 | 907,273,809.27 |
Including：Operating income
| Including：Operating income | 1,640,518,771.38 | 907,273,809.27 |
| Interest income | ||
| Insurance fee earned | ||
| Commission charge and commission income | ||
| II. Total operating costs | 1,636,181,843.11 | 920,279,091.90 |
| Including ：Operating costs | 1,522,303,108.33 | 819,727,815.47 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Appropriation of deposit for duty, net | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 6,075,103.63 | 5,579,141.14 |
| Sales expense | 14,188,583.31 | 6,382,575.15 |
| Administrative expense | 64,005,159.29 | 63,358,481.81 |
| R & D expense | 29,148,378.08 | 30,581,963.06 |
| Financial expenses | 461,510.47 | -5,350,884.73 |
| Including：Interest expense | 4,122,891.39 | 7,451,251.45 |
| Interest income | -24,624,537.30 | -20,792,762.67 |
| Add：Other income | 21,871,492.10 | 9,092,751.66 |
| Investment gain（“-”for loss） | -2,290,584.08 | 44,193,129.21 |
| Including: investment gains from affiliates | -4,600,254.12 | 1,387,442.66 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Gains from currency exchange | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | 8,447,245.05 | |
| Impairment loss of assets | -39,103,021.71 | -32,167,564.02 |
| Assets disposal income | 17,190,652.07 | |
| III. Operating profit （“-”for loss） | 10,452,711.70 | 8,113,034.22 |
Add ：Non-operating income
| Add ：Non-operating income | 4,752,887.09 | 1,306,557.78 |
| Less: Non-operating expense | 6,121.79 | 154,443.48 |
| IV. Total profit (“-”for loss) | 15,199,477.00 | 9,265,148.52 |
| Less：Income tax expenses | 15,502,146.92 | 8,655,966.04 |
| V. Net profit | -302,669.92 | 609,182.48 |
| (I) Classification by business continuity | ||
| 1.Net continuing operating profit | -302,669.92 | 609,182.48 |
| 2.Termination of operating net profit | ||
| (II) Classification by ownership | ||
| 1.Net profit attributable to the owners of parent company | 16,893,355.96 | 12,268,759.11 |
| 2.Minority shareholders’ equity | -17,196,025.88 | -11,659,576.63 |
| VI. Net after-tax of other comprehensive income | 52,274,268.49 | -1,632,005.90 |
| Net of profit of other comprehensive income attributable to owners of the parent company. | 52,274,268.49 | -1,632,005.90 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 51,269,710.80 | |
| 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. | ||
| 3. Changes in the fair value of investments in other equity instruments | 51,269,710.80 | |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | 1,004,557.69 | -1,632,005.90 |
| 1.Other comprehensive income under t |
he equity method investee can be reclassified into profit or loss.
| he equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3.Gains and losses from changes in fair value available for sale financial assets | -1,607,238.29 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency financial statements | 1,004,557.69 | -24,767.61 |
| 9.Other | ||
| Net of profit of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | 51,971,598.57 | -1,022,823.42 |
| Total comprehensive income attributable to the owner of the parent company | 69,167,624.45 | 10,636,753.21 |
| Total comprehensive income attributable minority shareholders | -17,196,025.88 | -11,659,576.63 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.0331 | 0.0240 |
| (II)Diluted earnings per share | 0.0331 | 0.0240 |
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
| Items | Amount in this period | Amount in last period |
| I. Revenue | 53,295,641.69 | 50,889,018.61 |
| Including ：Operating costs | 9,062,025.16 | 10,785,956.23 |
| Business tax and surcharge | 2,181,592.04 | 2,050,198.31 |
| Sales expense | ||
| Administrative expense | 22,921,542.05 | 21,051,519.67 |
| R & D expense | ||
| Financial expenses | -15,475,991.10 | -12,225,921.71 |
| Including：Interest expenses | ||
| Interest income | -15,284,776.44 | -12,236,505.07 |
| Add：Other income | 81,720.83 | 75,000.00 |
| Investment gain（“-”for loss） | -3,235,250.22 | 2,409,363.41 |
| Including: investment gains from affiliates | -4,600,254.12 | 1,387,442.66 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | -64,417.52 | |
| Impairment loss of assets | -377,337.07 | |
| Assets disposal income | 17,573,064.14 | |
| II. Operating profit（“-”for loss） | 48,961,590.77 | 31,334,292.45 |
| Add ：Non-operating income | 6,400.00 | 79,604.02 |
| Less：Non -operating expenses | ||
| III. Total profit (“-”for loss) | 48,967,990.77 | 31,413,896.47 |
| Less：Income tax expenses | 13,381,271.31 | 6,971,040.11 |
| IV. Net profit | 35,586,719.46 | 24,442,856.36 |
| 1.Net continuing operating profit | 35,586,719.46 | 24,442,856.36 |
| 2.Termination of operating net profit | ||
| V. Net after-tax of other comprehensive income | 52,274,268.49 | -1,632,005.90 |
（I）Other comprehensive incomeitems that will not be reclassified intogains/losses in the subsequentaccounting period
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 51,269,710.80 | |
| 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. | ||
| 3. Changes in the fair value of investments in other equity instruments | 51,269,710.80 | |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | 1,004,557.69 | -1,632,005.90 |
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3. Gains and losses from changes in fair value available for sale financial assets | -1,607,238.29 | |
| 4. Other comprehensive income arising from the reclassification of financial assets | ||
| 5.Held-to-maturity investments reclassified to gains and losses of available for sale financial assets | ||
| 6. Allowance for credit impairments in investments in other debt obligations | ||
| 7. Reserve for cash flow hedges | ||
| 8. Translation differences in currency fi | 1,004,557.69 | -24,767.61 |
nancial statements
| nancial statements | ||
| 9.Other | ||
| VI. Total comprehensive income | 87,860,987.95 | 22,810,850.46 |
| 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 rending of services | 1,731,173,949.81 | 974,017,262.18 |
| 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 | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of inter-bank fund received | ||
| Net increase of repurchasing business | ||
| Net cash received by agent in securities trading | ||
| Tax returned | 11,611,501.57 | 57,858,289.86 |
| Other cash received from business operation | 47,024,706.54 | 55,467,567.57 |
| Sub-total of cash inflow | 1,789,810,157.92 | 1,087,343,119.61 |
Cash paid for purchasing of
merchandise and services
| Cash paid for purchasing of merchandise and services | 1,321,550,785.73 | 1,308,829,199.47 |
| Net increase of client trade and advance | ||
| Net increase of savings in central bank and brother company | ||
| Cash paid for original contract claim | ||
| Net increase for Outgoing call loan | ||
| Cash paid for interest, processing fee and commission | ||
| Cash paid for policy dividend | ||
| Cash paid to staffs or paid for staffs | 122,015,249.20 | 110,803,215.30 |
| Taxes paid | 12,064,724.08 | 33,844,922.30 |
| Other cash paid for business activities | 47,646,715.26 | 32,654,523.58 |
| Sub-total of cash outflow from business activities | 1,503,277,474.27 | 1,486,131,860.65 |
| Net cash generated from /used in operating activities | 286,532,683.65 | -398,788,741.04 |
| II. Cash flow generated by investing | ||
| Cash received from investment retrieving | ||
| Cash received as investment gains | 3,665,400.79 | 3,264,969.53 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 225,080.00 | 26,797.81 |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | 1,700,957,923.06 | 2,921,223,209.77 |
| Sub-total of cash inflow due to investment activities | 1,704,848,403.85 | 2,924,514,977.11 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 139,150,889.68 | 172,613,463.28 |
| Cash paid as investment | ||
| Net increase of loan against pledge | ||
| Net cash received from subsidiaries |
and other operational units
| and other operational units | ||
| Other cash paid for investment activities | 2,243,914,534.73 | 2,706,900,000.00 |
| Sub-total of cash outflow due to investment activities | 2,383,065,424.41 | 2,879,513,463.28 |
| Net cash flow generated by investment | -678,217,020.56 | 45,001,513.83 |
| III.Cash flow generated by financing | ||
| Cash received as investment | ||
| Including: Cash received as investment from minor shareholders | ||
| Cash received as loans | 86,938,172.53 | 494,228,404.46 |
| Other financing –related cash received | 3,128,570.13 | 2,587,238.69 |
| Sub-total of cash inflow from financing activities | 90,066,742.66 | 496,815,643.15 |
| Cash to repay debts | 510,029,215.92 | 238,398,742.89 |
| Cash paid as dividend, profit, or interests | 41,984,741.10 | 4,683,129.69 |
| Including: Dividend and profit paid by subsidiaries to minor shareholders | ||
| Other cash paid for financing activities | 11,448,442.40 | -184,487.96 |
| Sub-total of cash outflow due to financing activities | 563,462,399.42 | 242,897,384.62 |
| Net cash flow generated by financing | -473,395,656.76 | 253,918,258.53 |
| IV. Influence of exchange rate alternation on cash and cash equivalents | -89,850.32 | -97,897.33 |
| V.Net increase of cash and cash equivalents | -865,169,843.99 | -99,966,866.01 |
| Add: balance of cash and cash equivalents at the beginning of term | 1,133,574,235.22 | 1,161,240,139.33 |
| VI. Balance of cash and cash equivalents at the end of term | 268,404,391.23 | 1,061,273,273.32 |
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
| 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 | 54,658,164.63 | 52,432,255.32 |
| Tax returned | ||
| Other cash received from business operation | 16,177,202.14 | 9,186,847.78 |
| Sub-total of cash inflow | 70,835,366.77 | 61,619,103.10 |
| Cash paid for purchasing of merchandise and services | 5,047,387.75 | 4,367,850.28 |
| Cash paid to staffs or paid for staffs | 16,027,788.75 | 13,780,580.01 |
| Taxes paid | 14,287,074.09 | 10,360,700.34 |
| Other cash paid for business activities | 19,066,832.98 | 13,913,677.69 |
| Sub-total of cash outflow from business activities | 54,429,083.57 | 42,422,808.32 |
| Net cash generated from /used in operating activities | 16,406,283.20 | 19,196,294.78 |
| II.Cash flow generated by investing | ||
| Cash received from investment retrieving | 12,000,000.00 | |
| Cash received as investment gains | 2,720,734.65 | 2,366,618.15 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 24,597.81 | |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | 17,555,670.19 | 347,915,044.35 |
| Sub-total of cash inflow due to investment activities | 32,276,404.84 | 350,306,260.31 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 11,691,336.79 | 1,574,185.70 |
| Cash paid as investment |
Net cash received from subsidiariesand other operational units
| Net cash received from subsidiaries and other operational units | ||
| Other cash paid for investment activities | 90,000,000.00 | 460,000,000.00 |
| Sub-total of cash outflow due to investment activities | 101,691,336.79 | 461,574,185.70 |
| Net cash flow generated by investment | -69,414,931.95 | -111,267,925.39 |
| III. Cash flow generated by financing | ||
| Cash received as investment | ||
| Cash received as loans | ||
| 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 | 11,448,442.40 | |
| Sub-total of cash outflow due to financing activities | 11,448,442.40 | |
| Net cash flow generated by financing | -11,448,442.40 | |
| IV. Influence of exchange rate alternation on cash and cash equivalents | ||
| V.Net increase of cash and cash equivalents | -64,457,091.15 | -92,071,630.61 |
| Add: balance of cash and cash equivalents at the beginning of term | 85,416,567.74 | 413,700,327.95 |
| VI. Balance of cash and cash equivalents at the end of term | 20,959,476.59 | 321,628,697.34 |
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according tothe new standards for financial instruments, the new standards for revenues and the new standards forlease implemented commencing from year 2019
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
| Items | December 31,2018 | January 1,2019 | Amount involved in the adjustment |
| Current asset： | |||
| Monetary fund | 1,141,759,374.60 | 1,141,759,374.60 | |
| Settlement provision | |||
| Outgoing call loan | |||
| Transactional financial assets | 540,000,000.00 | 540,000,000.00 | |
| Financial assets measured at fair value with variations accounted into current income account | |||
| Derivative financial assets | |||
| Notes receivable | 886,432.06 | 886,432.06 | |
| Account receivable | 528,454,015.59 | 528,454,015.59 | |
| Financing of receivables | |||
| Prepayments | 229,028,791.15 | 229,028,791.15 | |
| Insurance receivable | |||
| Reinsurance receivable | |||
| Provisions of Reinsurance contracts receivable | |||
| Other account receivable | 14,846,896.50 | 14,846,896.50 | |
| Including：Interest receivable | 5,589,704.44 | 5,589,704.44 | |
| Dividend receivable | |||
| Repurchasing of financial |
assets
| assets | |||
| Inventories | 439,752,718.77 | 439,752,718.77 | |
| Contract assets | |||
| Assets held for sales | |||
| Non-current asset due within 1 year | |||
| Other current assets | 639,797,959.30 | 99,797,959.30 | -540,000,000.00 |
| Total of current assets | 2,994,526,187.97 | 2,994,526,187.97 | |
| Non-current assets： | |||
| Loans and payment on other’s behalf disbursed | |||
| Debt investment | |||
| Available for sale of financial assets | 45,373,784.87 | 0.00 | -45,373,784.87 |
| Other investment on bonds | |||
| Expired investment in possess | |||
| Long-term receivable | |||
| Long term share equity investment | 32,952,085.66 | 32,952,085.66 | |
| Other equity instruments investment | 241,875,289.00 | 241,875,289.00 | |
| Other non-current financial assets | |||
| Property investment | 167,997,941.98 | 167,997,941.98 | |
| Fixed assets | 987,876,247.55 | 987,876,247.55 | |
| Construction in progress | 15,621,286.64 | 15,621,286.64 | |
| Production physical assets | |||
| Oil & gas assets | |||
| Use right assets | |||
| Intangible assets | 37,880,815.85 | 37,880,815.85 | |
| Development expenses | |||
| Goodwill | |||
| Long-germ expenses to be amortized | 1,486,209.03 | 1,486,209.03 | |
| Deferred income tax asset | 6,036,198.23 | 6,036,198.23 |
Other non-current assets
| Other non-current assets | 329,452,659.01 | 329,452,659.01 | |
| Total of non-current assets | 1,624,677,228.82 | 1,821,178,732.95 | 196,501,504.13 |
| Total of assets | 4,619,203,416.79 | 4,815,704,920.92 | 196,501,504.13 |
| Current liabilities | |||
| Short-term loans | 411,522,111.40 | 411,522,111.40 | |
| Loan from Central Bank | |||
| Borrowing funds | |||
| Transactional financial liabilities | |||
| Financial liabilities measured at fair value with variations accounted into current income account | |||
| Derivative financial liabilities | |||
| Notes payable | |||
| Account payable | 180,239,452.90 | 180,239,452.90 | |
| Advance receipts | 120,702,951.37 | 120,702,951.37 | |
| Contract liabilities | |||
| Selling of repurchased financial assets | |||
| Deposit taking and interbank deposit | |||
| Entrusted trading of securities | |||
| Entrusted selling of securities | |||
| Employees’ wage payable | 32,506,267.08 | 32,506,267.08 | |
| Tax payable | 7,745,128.99 | 7,745,128.99 | |
| Other account payable | 229,015,279.98 | 229,015,279.98 | |
| Including：Interest payable | 39,044,044.39 | 39,044,044.39 | |
| Dividend payable | |||
| Fees and commissions payable | |||
| Reinsurance fee payable |
Liabilities held for sales
| Liabilities held for sales | |||
| Non-current liability due within 1 year | 40,000,000.00 | 40,000,000.00 | |
| Other current liability | |||
| Total of current liability | 1,021,731,191.72 | 1,021,731,191.72 | |
| Non-current liabilities： | |||
| Reserve fund for insurance contracts | |||
| Long-term loan | |||
| Bond payable | |||
| Including：preferred stock | |||
| Sustainable debt | |||
| Lease liability | |||
| Long-term payable | |||
| Long-term remuneration payable to staff | |||
| Expected liabilities | |||
| Deferred income | 137,991,698.33 | 137,991,698.33 | |
| Deferred income tax liability | 49,125,376.03 | 49,125,376.03 | |
| Other non-current liabilities | |||
| Total non-current liabilities | 137,991,698.33 | 187,117,074.36 | 49,125,376.03 |
| Total of liability | 1,159,722,890.05 | 1,208,848,266.08 | 49,125,376.03 |
| Owners’ equity | |||
| Share capital | 511,274,149.00 | 511,274,149.00 | |
| Other equity instruments | |||
| Including：preferred stock | |||
| Sustainable debt | |||
| Capital reserves | 1,865,716,983.63 | 1,865,716,983.63 | |
| Less：Shares in stock | 27,230,679.00 | 27,230,679.00 | |
| Other comprehensive income | 1,339,208.41 | 148,715,336.51 | 147,376,128.10 |
| Special reserve | |||
| Surplus reserves | 80,004,803.23 | 80,004,803.23 | |
| Common risk provision |
Retained profit
| Retained profit | -57,774,473.41 | -57,774,473.41 | |
| Total of owner’s equity belong to the parent company | 2,373,329,991.86 | 2,520,706,119.96 | 147,376,128.10 |
| Minority shareholders’ equity | 1,086,150,534.88 | 1,086,150,534.88 | |
| Total of owners’ equity | 3,459,480,526.74 | 3,606,856,654.84 | 147,376,128.10 |
| Total of liabilities and owners’ equity | 4,619,203,416.79 | 4,815,704,920.92 | 196,501,504.13 |
| Items | December 31,2018 | January 1,2019 | Amount involved in the adjustment |
| Current asset： | |||
| Monetary fund | 85,416,567.74 | 85,416,567.74 | |
| Transactional financial assets | 500,000,000.00 | 500,000,000.00 | |
| Financial assets measured at fair value with variations accounted into current income account | |||
| Derivative financial assets | |||
| Notes receivable | |||
| Account receivable | 541,948.21 | 541,948.21 | |
| Financing of receivables | |||
| Prepayments | 17,436.00 | 17,436.00 | |
| Other account receivable | 13,856,382.02 | 13,856,382.02 | |
| Including：Interest receivable | 4,974,799.47 | 4,974,799.47 | |
| Dividend receivable | |||
| Inventories | |||
| Contract assets | |||
| Assets held for sales | |||
| Non-current asset due within 1 year |
Other current assets
| Other current assets | 500,000,000.00 | 0.00 | -500,000,000.00 |
| Total of current assets | 599,832,333.97 | 599,832,333.97 | |
| Non-current assets： | |||
| Debt investment | |||
| Available for sale of financial assets | 15,373,784.87 | 0.00 | -15,373,784.87 |
| Other investment on bonds | |||
| Expired investment in possess | |||
| Long-term receivable | |||
| Long term share equity investment | 1,997,175,852.27 | 1,997,175,852.27 | |
| Other equity instruments investment | 199,910,297.83 | 199,910,297.83 | |
| Other non-current financial assets | |||
| Property investment | 161,053,628.71 | 161,053,628.71 | |
| Fixed assets | 26,565,399.91 | 26,565,399.91 | |
| Construction in progress | |||
| Production physical assets | |||
| Oil & gas assets | |||
| Use right assets | |||
| Intangible assets | 1,012,374.75 | 1,012,374.75 | |
| Development expenses | |||
| Goodwill | |||
| Long-germ expenses to be amortized | |||
| Deferred income tax asset | 5,818,069.48 | 5,818,069.48 | |
| Other non-current assets | |||
| Total of non-current assets | 2,206,999,109.99 | 2,391,535,622.95 | 184,536,512.96 |
| Total of assets | 2,806,831,443.96 | 2,991,367,956.92 | 184,536,512.96 |
| Current liabilities | |||
| Short-term loans | |||
| Transactional financial liabilities | |||
| Financial liabilities |
measured at fair value withvariations accounted intocurrent income account
| measured at fair value with variations accounted into current income account | |||
| Derivative financial liabilities | |||
| Notes payable | |||
| Account payable | 411,743.57 | 411,743.57 | |
| Advance receipts | 639,024.58 | 639,024.58 | |
| Contract Liabilities | |||
| Employees’ wage payable | 9,760,306.51 | 9,760,306.51 | |
| Tax payable | 5,494,627.33 | 5,494,627.33 | |
| Other account payable | 141,746,352.67 | 141,746,352.67 | |
| Including：Interest payable | |||
| Dividend payable | |||
| Liabilities held for sales | |||
| Non-current liability due within 1 year | |||
| Other current liability | |||
| Total of current liability | 158,052,054.66 | 158,052,054.66 | |
| Non-current liabilities： | |||
| Long-term loan | |||
| Bond payable | |||
| Including：preferred stock | |||
| Sustainable debt | |||
| Lease liability | |||
| Long-term payable | |||
| Long-term remuneration payable to staff | |||
| Expected liabilities | |||
| Deferred income | 700,000.00 | 700,000.00 | |
| Deferred income tax liability | 46,134,128.24 | 46,134,128.24 | |
| Other non-current liabilities | |||
| Total non-current liabilities | 700,000.00 | 46,834,128.24 | 46,134,128.24 |
Total of liability
| Total of liability | 158,752,054.66 | 204,886,182.90 | 46,134,128.24 |
| Owners’ equity | |||
| Share capital | 511,274,149.00 | 511,274,149.00 | |
| Other equity instruments | |||
| Including：preferred stock | |||
| Sustainable debt | |||
| Capital reserves | 1,599,025,454.96 | 1,599,025,454.96 | |
| Less：Shares in stock | 27,230,679.00 | 27,230,679.00 | |
| Other comprehensive income | 1,339,208.41 | 139,741,593.13 | 138,402,384.72 |
| Special reserve | |||
| Surplus reserves | 80,004,803.23 | 80,004,803.23 | |
| Retained profit | 483,666,452.70 | 483,666,452.70 | |
| Total of owners’ equity | 2,648,079,389.30 | 2,786,481,774.02 | 138,402,384.72 |
| Total of liabilities and owners’ equity | 2,806,831,443.96 | 2,991,367,956.92 | 184,536,512.96 |
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 30, 2019