Stock code: 000521, 200521 Notice No.: 2022-080short form of the stock:Changhong Meiling, Hongmeiling B
CHANGHONG MEILING CO., LTD.THE THIRD QUARTERLY REPORT FOR 2022The Company and whole members of the BOD guarantee that the information disclosed is true,accurate and complete, and there are no any fictitious records, misleading statements or importantomissions.Important content reminder:
1. Board of Directors, Supervisory Committee, all directors, supervisors and senior executives ofChanghong Meiling Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there areno any fictitious statements, misleading statements, or important omissions carried in this report,and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion ofthe whole contents.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge ofAccounting Organ (Accounting Officer) hereby confirm that the Financial Report of the ThirdQuarterly Report is authentic, accurate and complete.
3. Whether the Third Quarterly Report has been audited or not
□Yes √No
I. Main financial data(i) Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period | Increase/decrease in the period compared with the same period of the previous year | Year-begin to period-end | Increase/decrease from year-begin to period-end compared with the same period of the previous year | |
| Operating income (Yuan) | 5,150,870,767.54 | 19.45% | 15,375,374,318.73 | 10.49% |
| Net profit attributable to shareholders of the listed company (Yuan) | 101,823,245.05 | 305.63% | 162,198,444.30 | 160.52% |
| Net profit attributable to shareholders of the listed company after | 74,277,789.36 | 7,406.25% | 78,385,258.27 | 221.40% |
| deducting non-recurring gains and losses (Yuan) | ||||
| Net cash flow arising from operating activities (Yuan) | 1,839,226,386.84 | 1,095.63% | ||
| Basic earnings per share (Yuan /Share) | 0.0989 | 312.08% | 0.1567 | 162.92% |
| Diluted earnings per share (Yuan /Share) | 0.0989 | 312.08% | 0.1567 | 162.92% |
| Weighted average ROE | 2.08% | Increase by 1.56 percentage points | 3.31% | Increase by 2.03 percentage points |
| End of previous year | Increase/decrease at the period-end compared with the end of the previous year | |||
| Total assets (Yuan) | 17,582,381,359.13 | 15,190,469,756.33 | 15.75% | |
| Net assets attributable to shareholder of listed company (Yuan) | 4,947,965,824.13 | 4,837,334,400.21 | 2.29% | |
(ii) Items and amounts of non-recurring profit (gains)/losses
√ Applicable □ Not applicable
Unit: Yuan
| Item | Amount for the period | Amount from year-begin to period-end | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 1,294,425.92 | 9,653,201.02 | Found more in “Income from assets disposal” |
| Government subsidy recorded in current gains/losses (except those closely related to the Company’s normal operation, and those continuously enjoyed on a fixed or quantitative basis with certain standards in accordance with national policy regulations) | 24,292,688.88 | 65,636,383.36 | Found more in “Other income” |
| Losses/gains from changes of fair values occurred in holding trading financial assets and trading financial liabilities, and investment income obtaining from the disposal of trading financial assets and trading financial liability, excluded effective hedging business relevant with normal operations of the Company | 6,802,233.26 | 19,975,149.91 | Found more in “Income from fair value changes” and “Investment income” |
| Reversal of the account receivable depreciation reserves subject to separate impairment test | - | 714,463.58 | Found more in “Account receivable” |
| Other non-operating income and expenses other than the above | 2,257,007.55 | 2,834,934.51 | Found more in “Non-operation income” and |
| “Non-operation expenditure” | |||
| Less: impact on income tax | 4,359,875.00 | 10,686,897.61 | |
| Impact on minority shareholders’ equity (post-tax) | 2,741,024.92 | 4,314,048.74 | |
| Total | 27,545,455.69 | 83,813,186.03 | -- |
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit(gains)/lossesExplanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosurefor Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurringgain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on InformationDisclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined asrecurring gain/loss
(iii) Particulars about changes in items of main accounting data and financial index andexplanations of reasons
√ Applicable □Not applicable
1. Changes and reasons of items in balance sheet
Unit: Yuan
| Item | Ending balance | Prior year-end balance | Changes ratio | Reasons of changes |
| Trading financial assets | 341,834,121.47 | 17,997,086.19 | 1,799.39% | Mainly due to the financial products purchased by the Company in current period. |
Notes receivable
| Notes receivable | - | 2,216,752.22 | -100.00% | Mainly due to the notes receivable due for remittance in the current period. |
| Inventory | 1,951,569,411.95 | 1,356,357,419.80 | 43.88% | Mainly due to the increase in production in the current period |
Contractual assets
| Contractual assets | 2,713,272.58 | - | - | Mainly due to the increase in project warranty in the current period |
| Other current assets | 351,336,094.19 | 124,240,934.45 | 182.79% | Mainly due to the increase in time deposits in the current period |
Debt investment
| Debt investment | 291,494,430.56 | - | - | Mainly due to the new large deposit certificates in the current period |
| Development expenses | 124,736,170.71 | 87,728,990.86 | 42.18% | Mainly due to the increased investment of R&D in the current period |
| Long-term amortization | 839,996.06 | - | - | Mainly due to the construction of leased premises in the current period |
Other non-current assets
| Other non-current assets | 1,151,729.02 | 3,087,780.59 | -62.70% | Mainly due to the decrease in prepaid work in the current period |
| Short-term loan | 1,103,339,807.26 | 622,874,652.77 | 77.14% | Mainly due to the increase in bank borrowings in the current period |
| Trading financial liabilities | 79,358,264.39 | 12,304,272.41 | 544.97% | Mainly due to the non-cancelable orders and change of the valuation from forward foreign exchange contracts |
| Account payable | 3,615,327,973.23 | 2,299,103,796.88 | 57.25% | Mainly due to the increase in payable for purchases |
| Taxes payable | 78,042,854.94 | 141,874,861.88 | -44.99% | Mainly due to the payment of VAT |
| Other account payable | 1,332,482,287.29 | 751,452,768.00 | 77.32% | Mainly due to the increase in accrued expenses and proceeds |
Non-current liability duewithin one year
| Non-current liability due within one year | 30,566,132.26 | 332,718,478.25 | -90.81% | Mainly due to the repayment of long-term loans due within one year |
| Treasury shares | - | 26,430,571.38 | -100.00% | Mainly due to the cancellation of treasury shares |
2. Changes and reasons of items in profit statement
Unit: Yuan
| Item | Amount at the period | Amount at the same period of previous year | Changes ratio | Reasons of changes |
| Financial expenses | -79,277,613.98 | -35,552,769.58 | -122.99% | Mainly due to the y-o-y declined in interest expenses |
| Income from fair value changes | 6,783,043.30 | -28,310,289.03 | 123.96% | Mainly due to the non-cancelable orders and change of the fair value of forward foreign exchange contracts |
| Investment income | 19,970,558.55 | 80,853,371.21 | -75.30% | Mainly due to the y-o-y decrease in forward foreign exchange contract delivery gains |
Income from assetsdisposal
| Income from assets disposal | 9,653,201.02 | -249,004.26 | 3,976.72% | Mainly due to the income on assets disposal increased on a y-o-y basis |
| Credit impairment loss | -61,885,204.97 | -21,358,115.43 | 189.75% | Mainly due to the y-o-y increase in impairment loss from account receivable |
| Non-operation expenditure | 4,890,597.15 | 2,003,084.43 | 144.15% | Mainly due to the increase in donation expenses in the current period |
Income tax expenses
| Income tax expenses | -9,091,804.45 | 29,394,642.88 | -130.93% | The decrease in income tax expenses due to the declined in taxable income |
3. Changes and reasons of items in cash flow statement
Unit: Yuan
| Item | Amount at the period | Amount at the same period of previous year | Changes ratio | Reasons of changes |
| Other cash received concerning operation activities | 172,312,892.42 | 117,355,922.31 | 46.83% | The margin restricted reversal in the current period |
Taxes paid
| Taxes paid | 429,330,130.27 | 297,701,677.67 | 44.21% | The VAT paid in the Period increased on a y-o-y basis |
| Cash received from recovering investment | 323,322,268.35 | 1,420,000,000.00 | -77.23% | Mainly due to the y-o-y decrease in recovery of the wealth management products |
Cash received frominvestment income
| Cash received from investment income | 34,407,108.44 | 23,968,192.46 | 43.55% | Bonus from affiliated enterprise and Hongyun Funds received in the Period |
| Net cash received from disposal of fixed, intangible and other long-term assets | 16,653,271.93 | 1,290,668.56 | 1,190.28% | Asset disposal increased on a y-o-y basis |
| Cash paid for investments | 1,150,000,000.00 | 1,799,000,000.00 | -36.08% | Purchase of wealth products declined on a y-o-y basis |
| Other cash paid concerning investing activities | 66,344,241.47 | 58,411.60 | Not applicable | Mainly due to the loss of foreign exchange investment in the Period |
| Cash received from absorbing investment | 368,459,272.52 | 15,000,000.00 | 2,356.40% | The fund-raising are collected by subsidiary Zhongke Meiling in the Period |
Cash received from borrowing
| Cash received from borrowing | 868,040,918.37 | 1,293,560,455.26 | -32.90% | The loans received in the Period declined from a year earlier |
| Other cash received concerning financing activities | 11,404,482.95 | 5,986,105.14 | 90.52% | Mainly due to the discounting bill of related parties |
| Cash paid for debt repayment | 695,000,000.00 | 1,674,330,870.00 | -58.49% | The refunds declined on a y-o-y basis |
| Other cash paid concerning financing activities | 869,994,470.14 | 15,403,414.62 | 5,548.06% | Mainly due to the margin limitation in the Period |
| Influence on cash and cash equivalents due to fluctuation in exchange rate | 47,997,201.13 | 24,846,222.17 | 93.18% | Mainly due to the change of exchange rate in the Period |
II. Shareholders Information(i) Total number of common shareholders and preference shareholders with voting rightsrecovered and top ten common shareholders
Unit: Share
| Total common shareholders at end of the Period | 72,828 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||
| Top ten shareholders | |||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Information of shares pledged, tagged or frozen | ||||
| State of share | Amount | ||||||||
| Sichuan Changhong Electric Co., Ltd. | State-owned legal person | 24.12% | 248,457,724 | 0 | - | -- | |||
| Hefei Industrial Investment Holding (Group) Co., Ltd. | State-owned legal person | 4.64% | 47,823,401 | 0 | - | - | |||
| CHANGHONG (HK) TRADING LIMITED | Foreign legal person | 2.63% | 27,077,797 | 0 | - | - | |||
| CAOSHENGCHUN | Foreign natural person | 1.43% | 14,766,086 | 0 | - | - | |||
| Xu Aiyun | Domestic natural person | 1.36% | 14,038,100 | 0 | - | - | |||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | Domestic non-state-owned legal person | 1.04% | 10,733,452 | 0 | - | - | |||
| Wang Xinzhong | Domestic natural person | 0.94% | 9,679,840 | 0 | - | - | |||
| Ren Fenhua | Domestic natural person | 0.73% | 7,543,000 | 0 | - | - | |||
| Ma Guobin | Domestic natural | 0.67% | 6,917,600 | 0 | - | - | |||
| person | ||||||||||
| Wang Kai | Domestic natural person | 0.62% | 6,378,892 | 0 | - | - | ||||
| Particular about top ten shareholders with un-restrict shares held | ||||||||||
| Shareholders’ name | Amount of unrestricted shares held | Type of shares | ||||||||
| Type | Amount | |||||||||
| Sichuan Changhong Electric Co., Ltd. | 248,457,724 | RMB ordinary shares | 248,457,724 | |||||||
| Hefei Industrial Investment Holding (Group) Co., Ltd. | 47,823,401 | RMB ordinary shares | 47,823,401 | |||||||
| CHANGHONG (HK) TRADING LIMITED | 27,077,797 | Domestically listed foreign shares | 27,077,797 | |||||||
| CAO SHENGCHUN | 14,766,086 | Domestically listed foreign shares | 14,766,086 | |||||||
| Xu Aiyun | 14,038,100 | RMB ordinary shares | 14,038,100 | |||||||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | 10,733,452 | RMB ordinary shares | 10,733,452 | |||||||
| Wang Xinzhong | 9,679,840 | RMB ordinary shares | 9,679,840 | |||||||
| Ren Fenhua | 7,543,000 | RMB ordinary shares | 7,543,000 | |||||||
| Ma Guobin | 6,917,600 | RMB ordinary shares | 6,917,600 | |||||||
| Wang Kai | 6,378,892 | RMB ordinary shares | 6,378,892 | |||||||
| Explanation on associated relationship or consistent actors among the aforesaid shareholders | Among the above shareholders, CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co., Ltd.; There existed no associated relationship or belong to the concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder Equity Changes of Listed Companies among Sichuan Changhong, Hong Kong Changhong and other top 8 shareholders; “Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership)” refers to the products of Caitong Fund Management Company subscribe for privately placement of 2016; The company neither knows whether there is any association among other shareholders, nor knows whether other shareholders belong to the persons acting in concert that is stipulated in the Measures for the Administration of Information Disclosure of Shareholder Equity Changes of Listed Companies. | |||||||||
| Explanation on top ten common shareholders involving margin business (if applicable) | As of Sept. 30, 2022, among the top 10 common shareholders, the shareholder-Wang Xinzhong holds 9,679,840 shares of the Company through customer credit trading secured account of Guojin Securities Co., Ltd., thus 9,679,840 shares of the Company are held in total. The shareholder-Ma Guobin holds 6,916,700 shares of the Company through customer credit trading secured account of Founder Securities Co., Ltd., and 900 shares hold through common securities account, thus 6,917,600 shares of the Company are held in total. The shareholder-Wang Kai holds 6,378,892 shares of the Company through customer credit trading secured account of Guojin Securities Co., Ltd., thus 6,378,892 shares of the Company are held in total. | |||||||||
(ii) Total shareholders with preferred stock held and shares held by top ten shareholderswith preferred stock held
□ Applicable √ Not applicable
III. Other significant events
√ Applicable □Not applicable
| Overview | Date for disclosure | Information index for temporary report disclosure |
| On March 2, 2022, the cancellation of 14,674,166 shares of domestically listed foreign shares (B-stock) repurchased was completed at the Shenzhen Branch of CSDC. Total share capital of the Company was reduced from 1,044,597,881 shares to 1,029,923,715 shares upon the completion of cancellation. | 2022-3-4 | Juchao Website: http://www.cninfo.com.cn (No. 2022-011) |
| The Company agrees to renew the Shine Wing Certified Public Accountants (LLP) as the auditing institution of the financial report and internal control of the Company for the year of 2022, upon the approval by the Board and Shareholders General Meeting. At the same time, submit to the Shareholders General Meeting for authorization, management of the Company was deputed to determining their annual remuneration in line with the industry standards and actual condition of the auditing works of the Company. | 2022-3-31 2022-4-29 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-016 and No. 2022-033) |
| The Company agrees to changed the relevant accounting policies pursuit to the Q&A with ASBE Concerned issued by The Accounting Regulatory Dept. Of Ministry of Finance, upon the approval by the BOD, BOS and Shareholders General Meeting. | 2022-3-31 2022-4-29 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-013, No. 2022-017 and No. 2022-033) |
| Upon the resolution approved by the BOD and Shareholders General Meeting, it agreed that the Company and its subsidiaries shall carry out forward foreign exchange fund trading business during the period from 1 July 2022 to 30 June 2023. Balance of trading not exceeding US$ 825 million (mainly including USD, AUD, EUR and other foreign exchange converted to USD), and the maximum period of delivery of a single business shall not exceed one year. | 2022-3-31 2022-4-29 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-019 and No. 2022-033) |
| Upon the resolution approved by the BOD and Shareholders General Meeting, it agreed that the controlling subsidiary-Zhongke Meiling Cryogenic Technology Co., Ltd.(hereinafter referred to as Zhongke Meiling) shall donate scholarships totaling no more than 5.65 million yuan to 11 well-known domestic universities within 10 years, which will be used to support the development of college education and enhance the brand reputation, social image and influence of the company and its subsidiaries. | 2022-3-31 2022-4-29 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-021 and No. 2022-033) |
| According to the resolutions approved by the BOD, BOS and Shareholders General Meeting, it was agreed that the company would complete the "intelligent R&D management platform construction", a sub-project of the | 2022-3-31 2022-4-29 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-013, No. |
| remaining fundraising projects "intelligent manufacturing construction project" and "intelligent R&D project". The amount of the surplus raised funds in the completion of the fundraising project was 45,665,621.17 yuan, which was wealth management income and deposit interest income. The above-mentioned surplus of raised funds is mainly due to the interest income generated from financial management and deposits during the depositing period of idle raised funds. All of the fund-raising projects of the Company have been completed so far. | 2022-022 and No. 2022-033) | |
| According to the resolutions approved by the BOD, it was agreed that the Company invested 10.45 million yuan for the technical transformation of front-end production line in Hefei refrigerator base to enhance the front-end manufacturing capability in refrigerators, accomplish the cost reduction and efficiency improvement to meet the production demand of refrigerator products. | 2022-3-31 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012) |
| According to the resolutions approved by the BOD and Shareholders General Meeting, it was agreed that the company and its subsidiaries apply to Industrial Bank Co., Ltd., Hefei Branch for a special credit line of bill pool of up to 400 million yuan, and applied to Ping An Bank Co., Ltd. Hefei Branch for a special credit line of bill pool of up to 300 million yuan, and applied to Jiujiang Bank Co., Ltd. Hefei Branch for a special credit line of bill pool of up to 400 million yuan. | 2022-3-31 2022-4-29 | Juchao Website: http://www.cninfo.com.cn (No. 2022-012, No. 2022-023 and No. 2022-033) |
| On April 22, 2022, the Company received a Letter of Notification of Share Reduction from Ms. Li Xia-the secretary of the BOD of the Company. Due to the need of Li’s own funds, within six months after 15 trading days from the share reduction plan announced, Ms. Li Xia reduced 138,200 shares of the Company at most (0.0134% of total share capital of the Company) by way of centralized competitive bidding, shares reduction shall not exceed 25% of the shares held by Ms. Li. As of June 6, 2022, Ms. Li Xia completed the reduction of 138,200 shares aforesaid through centralized bidding trading on Shenzhen Stock Exchange. | 2022-4-25 2022-6-7 | Juchao Website: http://www.cninfo.com.cn (No. 2022-032 and No. 2022-041) |
| The “Meiling Shareholder Return Activity” was held by the Company from May 9, 2022 to May 15, 2022 to thanks the shareholders for their concern and support for a long period, also, allows shareholders to experience new products and services of the Company, improve the understanding and recognition of the intrinsic value of the Company. | 2022-5-7 | Juchao Website: http://www.cninfo.com.cn (No. 2022-035) |
| According to the resolutions approved by the BOD, agreed to proposed a public offering of shares to unspecified qualified investors under the name of Zhongke Meiling(controlling subsidiary of the Company) and listing on Beijing Stock Exchange to further improve its governance standards, enhance the capital strength, expanding influence within the industry and heighten its overall competitiveness. | 2022-5-18 | Juchao Website: http://www.cninfo.com.cn (No. 2022-036 and No. 2022-038) |
| According to the resolutions approved by the BOD and Shareholders General Meeting, agreed the Company to provide a domestic guarantee for | 2022-5-18 | Juchao Website: http://www.cninfo.com.cn |
| Changhong RUBA Trading Co., Ltd to apply for a loan from local banks. Guarantee amounted to $9 million at most, with a period of one year for the operating capital turnover of Changhong RUBA Trading Company. Meanwhile, Changhong RUBA Trading Company will provide a corresponding counter-guarantee to the Company’s guarantee with its whole assets. | 2022-6-30 | (No. 2022-036, No. 2022-037 and No. 2022-049) |
| According to the resolutions approved by the BOD and Shareholders General Meeting, agreed to amend some Clauses of the Article of Association, Rules of Procedure for the Shareholders General Meeting, Rules of Procedure of the BOD and Rules of Procedure of the BOS. | 2022-6-14 2022-6-30 | Juchao Website: http://www.cninfo.com.cn (No. 2022-042, No. 2022-043 and No. 2022-049) |
| On June 16, 2022, after the implementation of the company's share structure reform, the thirteenth batch of tradable shares with sales restrictions was lifted and listed for circulation. There were 4 holders of shares lifted from sales restrictions this time, and the number of shares lifted from sales restrictions was 1,250,430 shares, accounting for 0.1214% of the company's total share capital. | 2022-6-15 | Juchao Website: http://www.cninfo.com.cn (No. 2022-045) |
| According to the resolutions approved by the BOD and BOS, it was agreed that the company and its subsidiaries Sichuan Changhong Air-conditioner Co., Ltd invested 200 million yuan with its own funds in the establishment of “Changhong Group Sichuan Shenwa Hongyuan Strategy New Industry Master Fund Partnership (Limited Partnership)”, and as the limited partner of the Fund. | 2022-7-13 | Juchao Website: http://www.cninfo.com.cn (No. 2022-051, No. 2022-052 and No. 2022-053) |
| According to the resolutions approved by the BOD and Shareholders General Meeting, it was agreed that Zhongke Meiling (subordinate controlling subsidiary) should adjust the public offering of shares to unspecified qualified investors and the base price in the specific proposal for listing on BSE, that is, adjusted from 17 Yuan / Share to 16 Yuan/ Share and agreed to the above mentioned issues that adjusted . | 2022-8-3 2022-8-20 | Juchao Website: http://www.cninfo.com.cn (No. 2022-056, No. 2022-057 and No. 2022-066) |
| According to the resolutions approved by the BOD, it was agreed that the Company donate 150,000 yuan to the People’s Government of Songdian Town, Huoqiu County, Liuan City, Anhui Province for the collective development project in Nanbeisi Village, Songdian Town, Huoqiu County, to increase jobs and grow the collective economy. | 2022-8-18 | Juchao Website: http://www.cninfo.com.cn (No. 2022-062 and No. 2022-065) |
| According to the resolutions approved by the BOD, it was agreed to to by-election of Mr. Zhao Qilin as the member of Strategy Committee of the 10th BOD of the Company. | 2022-8-18 | Juchao Website: http://www.cninfo.com.cn (No. 2022-062) |
| According to the resolutions approved by the BOD, and pursuit to the “Amendment of Some Clauses in Articles of Association” that approved by the Shareholders General Meeting dated June 29, 2022, it was agreed to amended the relevant provisions of the Rules of Procedures of the President simultaneously. | 2022-8-18 | Juchao Website: http://www.cninfo.com.cn (No. 2022-062) |
| According to the resolutions approved by the BOD, it was agreed to issue the | 2022-9-7 | Juchao Website: |
| Commitment on Trademark Licensing to its controlling subsidiary - Zhongke Meiling. | http://www.cninfo.com.cn (No. 2022-068) | |
| According to the resolutions approved by the BOD, it was agreed the targeted donation of one million yuan through Mianyan Charity Federation for the earthquake relief in Luding County and work together to help the affected people from difficulties and rebuild their homes. | 2022-9-8 | Juchao Website: http://www.cninfo.com.cn (No. 2022-069 and No. 2022-070) |
| On August 5, 2022, controlling subsidiary of the Company - Zhongke Meiling obtained the approval from Listing Committee of Beijing Stock Exchange on public offering of shares to unspecified qualified investors and listing on BSE; on September 16, 2022, Zhongke Meiling obtained the registration of CSRC on public offering of shares to unspecified qualified investors and listing on BSE; with the consent of BSE, stock of Zhongke Meiling are listed on Beijing Stock Exchange on October 18, 2022. | 2022-8-6 2022-9-19 2022-10-14 | Juchao Website: http://www.cninfo.com.cn (No. 2022-060, No. 2022-072 and No. 2022-076) |
IV. Quarterly financial statements(i) Financial statement
1. Consolidate balance sheet
Prepared by Changhong Meiling Co., Ltd.
Unit: Yuan
| Item | September 30, 2022 | January 1, 2022 |
| Current assets: | ||
| Monetary fund | 7,252,235,741.23 | 5,938,823,396.21 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | 341,834,121.47 | 17,997,086.19 |
| Derivative financial assets | ||
| Note receivable | 2,216,752.22 | |
| Account receivable | 1,527,601,664.85 | 1,440,874,691.28 |
| Receivable financing | 1,372,633,110.61 | 1,808,109,301.56 |
| Accounts paid in advance | 25,415,903.50 | 29,766,797.34 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 89,221,013.01 | 111,652,635.86 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 1,951,569,411.95 | 1,356,357,419.80 |
| Contractual assets | 2,713,272.58 |
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 351,336,094.19 | 124,240,934.45 |
| Total current assets | 12,914,560,333.39 | 10,830,039,014.91 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | 291,494,430.56 | |
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 87,354,803.14 | 86,631,660.53 |
| Investment in other equity instrument | ||
| Other non-current financial assets | 614,418,197.15 | 581,980,440.70 |
| Investment real estate | 51,933,593.58 | 53,149,934.45 |
| Fixed assets | 2,284,525,011.88 | 2,303,122,699.92 |
| Construction in progress | 83,881,099.27 | 98,469,862.45 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | 40,102,232.67 | 45,367,918.31 |
| Intangible assets | 908,749,065.98 | 953,403,100.33 |
| Expense on Research and Development | 124,736,170.71 | 87,728,990.86 |
| Goodwill | ||
| Long-term expenses to be apportioned | 839,996.06 | |
| Deferred income tax asset | 178,634,695.72 | 147,488,353.28 |
| Other non-current asset | 1,151,729.02 | 3,087,780.59 |
| Total non-current asset | 4,667,821,025.74 | 4,360,430,741.42 |
| Total assets | 17,582,381,359.13 | 15,190,469,756.33 |
| Current liabilities: | ||
| Short-term loans | 1,103,339,807.26 | 622,874,652.77 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | 79,358,264.39 | 12,304,272.41 |
| Derivative financial liability | ||
| Note payable | 5,144,162,829.41 | 4,839,837,317.78 |
| Account payable | 3,615,327,973.23 | 2,299,103,796.88 |
| Accounts received in advance | ||
| Contractual liability | 399,474,036.54 | 515,004,115.23 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency |
| Wage payable | 308,418,608.51 | 247,044,421.56 |
| Taxes payable | 78,042,854.94 | 141,874,861.88 |
| Other account payable | 1,332,482,287.29 | 751,452,768.00 |
| Including: Interest payable | ||
| Dividend payable | 4,978,994.16 | 4,753,764.56 |
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 30,566,132.26 | 332,718,478.25 |
| Other current liabilities | 25,532,152.23 | 24,373,759.16 |
| Total current liabilities | 12,116,704,946.06 | 9,786,588,443.92 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 158,000,000.00 | 168,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | 29,861,671.87 | 33,225,912.15 |
| Long-term account payable | 1,193,375.67 | 1,337,643.24 |
| Long-term wages payable | 8,603,810.39 | 9,828,300.06 |
| Accrual liability | 11,535,780.22 | 11,363,601.63 |
| Deferred income | 167,305,173.37 | 175,664,038.83 |
| Deferred income tax liabilities | 9,410,260.91 | 9,670,435.45 |
| Other non-current liabilities | ||
| Total non-current liabilities | 385,910,072.43 | 409,089,931.36 |
| Total liabilities | 12,502,615,018.49 | 10,195,678,375.28 |
| Owner’s equity: | ||
| Share capital | 1,029,923,715.00 | 1,044,597,881.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 2,670,335,732.53 | 2,682,829,400.26 |
| Less: Inventory shares | 26,430,571.38 | |
| Other comprehensive income | -20,236,842.85 | -20,903,270.57 |
| Reasonable reserve | ||
| Surplus public reserve | 423,111,236.90 | 423,111,236.90 |
| Provision of general risk | ||
| Retained profit | 844,831,982.55 | 734,129,724.00 |
| Total owner’ s equity attributable to parent company | 4,947,965,824.13 | 4,837,334,400.21 |
| Minority interests | 131,800,516.51 | 157,456,980.84 |
| Total owner’ s equity | 5,079,766,340.64 | 4,994,791,381.05 |
| Total liabilities and owner’ s equity | 17,582,381,359.13 | 15,190,469,756.33 |
Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
2. Consolidated Profit Statement (from the year-begin to the period-end)
Unit: Yuan
| Item | Current period | Last period |
| I. Total operating income | 15,375,374,318.73 | 13,915,010,518.02 |
| Including: Operating income | 15,375,374,318.73 | 13,915,010,518.02 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 15,220,350,623.36 | 13,872,478,761.87 |
| Including: Operating cost | 13,432,282,408.89 | 12,225,814,695.57 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Tax and extras | 121,545,023.40 | 96,101,240.28 |
| Sales expense | 1,082,452,911.29 | 1,064,459,268.59 |
| Administrative expense | 276,767,176.89 | 221,253,602.91 |
| R&D expense | 386,580,716.87 | 300,402,724.10 |
| Financial expense | -79,277,613.98 | -35,552,769.58 |
| Including: Interest expenses | 24,006,944.91 | 50,740,185.10 |
| Interest income | 112,113,274.51 | 100,950,646.76 |
| Add: other income | 78,117,281.45 | 84,253,298.12 |
| Investment income (Loss is listed with “-”) | 19,970,558.55 | 80,853,371.21 |
| Including: Investment income on affiliated company and joint venture | 7,410,470.62 | -21,089,185.99 |
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | -21,020,148.10 | |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | 6,783,043.30 | -28,310,289.03 |
| Loss of credit impairment (Loss is listed with “-”) | -61,885,204.97 | -21,358,115.43 |
| Losses of devaluation of asset (Loss is listed with “-”) | -35,044,901.69 | -46,558,863.61 |
| Income from assets disposal (Loss is listed with “-”) | 9,653,201.02 | -249,004.26 |
| III. Operating profit (Loss is listed with “-”) | 172,617,673.03 | 111,162,153.15 |
| Add: Non-operating income | 7,725,531.66 | 8,126,104.09 |
| Less: Non-operating expense | 4,890,597.15 | 2,003,084.43 |
| IV. Total profit (Loss is listed with “-”) | 175,452,607.54 | 117,285,172.81 |
| Less: Income tax expense | -9,091,804.45 | 29,394,642.88 |
| V. Net profit (Net loss is listed with “-”) | 184,544,411.99 | 87,890,529.93 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 184,544,411.99 | 87,890,529.93 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company (net loss listed with ‘-”) | 162,198,444.30 | 62,259,854.30 |
| 2.Minority shareholders’ gains and losses (net loss listed with ‘-”) | 22,345,967.69 | 25,630,675.63 |
| VI. Net after-tax of other comprehensive income | 733,928.17 | -100,790.49 |
| Net after-tax of other comprehensive income attributable to owners of parent company | 666,427.72 | -198,976.30 |
| (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | 666,427.72 | -198,976.30 |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | -204,914.10 | |
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | 666,427.72 | 5,937.80 |
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 67,500.45 | 98,185.81 |
| VII. Total comprehensive income | 185,278,340.16 | 87,789,739.44 |
| Total comprehensive income attributable to owners of parent Company | 162,864,872.02 | 62,060,878.00 |
| Total comprehensive income attributable to minority shareholders | 22,413,468.14 | 25,728,861.44 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.1567 | 0.0596 |
| (ii) Diluted earnings per share | 0.1567 | 0.0596 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuanbefore combination, and realized 0.00 Yuan at last period for combined partyLegal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
3. Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: Yuan
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 16,406,630,708.13 | 13,404,052,674.38 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | 526,357,420.68 | 561,963,582.97 |
| Other cash received concerning operating activities | 172,312,892.42 | 117,355,922.31 |
| Subtotal of cash inflow arising from operating activities | 17,105,301,021.23 | 14,083,372,179.66 |
| Cash paid for purchasing commodities and receiving labor service | 13,083,886,564.95 | 12,095,383,651.27 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank |
| Cash paid for original insurance contract compensation | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 1,262,282,443.43 | 1,248,072,379.51 |
| Taxes paid | 429,330,130.27 | 297,701,677.67 |
| Other cash paid concerning operating activities | 490,575,495.74 | 626,943,831.60 |
| Subtotal of cash outflow arising from operating activities | 15,266,074,634.39 | 14,268,101,540.05 |
| Net cash flows arising from operating activities | 1,839,226,386.84 | -184,729,360.39 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 323,322,268.35 | 1,420,000,000.00 |
| Cash received from investment income | 34,407,108.44 | 23,968,192.46 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 16,653,271.93 | 1,290,668.56 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 110,063,532.63 | 157,222,294.61 |
| Subtotal of cash inflow from investing activities | 484,446,181.35 | 1,602,481,155.63 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 202,669,585.70 | 187,456,291.30 |
| Cash paid for investment | 1,150,000,000.00 | 1,799,000,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 66,344,241.47 | 58,411.60 |
| Subtotal of cash outflow from investing activities | 1,419,013,827.17 | 1,986,514,702.90 |
| Net cash flows arising from investing activities | -934,567,645.82 | -384,033,547.27 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | 368,459,272.52 | 15,000,000.00 |
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | 368,459,272.52 | 15,000,000.00 |
| Cash received from loans | 868,040,918.37 | 1,293,560,455.26 |
| Other cash received concerning financing activities | 11,404,482.95 | 5,986,105.14 |
| Subtotal of cash inflow from financing activities | 1,247,904,673.84 | 1,314,546,560.40 |
| Cash paid for settling debts | 695,000,000.00 | 1,674,330,870.00 |
| Cash paid for dividend and profit distributing or interest paying | 102,939,182.56 | 89,877,378.92 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | 25,417,858.64 | 1,598,892.00 |
| Other cash paid concerning financing activities | 869,994,470.14 | 15,403,414.62 |
| Subtotal of cash outflow from financing activities | 1,667,933,652.70 | 1,779,611,663.54 |
| Net cash flows arising from financing activities | -420,028,978.86 | -465,065,103.14 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 47,997,201.13 | 24,846,222.17 |
| V. Net increase of cash and cash equivalents | 532,626,963.29 | -1,008,981,788.63 |
| Add: Balance of cash and cash equivalents at the period-begin | 5,840,194,931.57 | 6,425,529,815.10 |
| VI. Balance of cash and cash equivalents at the period-end | 6,372,821,894.86 | 5,416,548,026.47 |
Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
(ii) Audit reportWhether the 3
rd
quarterly report has been audited or not
□Yes √ No
The 3
rd
quarterly report of the Company has not been audited.
Board of Directors ofChanghong Meiling Co., Ltd.October 25, 2022