CHANGCHAICOMPANY,LIMITED
THIRDQUARTERREPORT2018
October2018
PartIImportantNotes
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofChangchaiCompany,Limited(togetherwithitsconsolidatedsubsidiaries,the“Company”,exceptwherethecontextotherwiserequires)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.
AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.
ShiXinkun,theCompany’slegalrepresentative,ZhangXin,theCompany’sGeneralManager,andJiangHe,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.
ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyConsolidatedFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.□Yes√No
September30,2018 | December31,2017 | Change | |||
Totalassets(RMB) | 3,756,252,247.55 | 3,722,905,285.05 | 0.90% | ||
Equityattributabletoownersoftheparent(RMB) | 2,109,129,803.12 | 2,246,896,857.86 | -6.13% | ||
July-September2018 | YoYchange | January-September2018 | YoYchange | ||
Netsales(RMB) | 432,605,495.58 | -21.55% | 1,619,366,387.84 | -12.91% | |
Netmarginattributabletoownersoftheparent(RMB) | 4,670,842.38 | 52.03% | 23,309,400.04 | -45.48% | |
Netmarginattributabletoownersoftheparentbeforeexceptionalgainsandlosses(RMB) | -5,982,192.17 | — | 11,280,631.08 | -47.29% | |
Netcashfromoperatingactivities(RMB) | — | — | -54,251,797.59 | — | |
Basicearningspershare(RMB/share) | 0.01 | 0.00% | 0.04 | -50.00% | |
Dilutedearningspershare(RMB/share) | 0.01 | 0.00% | 0.04 | -50.00% | |
Weightedaveragereturnonequity(%) | 0.22% | 0.09% | 1.05% | -0.80% |
√Applicable□Notapplicable
Unit:RMB
Item | Q1-Q32018 | Note |
Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 12,044,376.37 | InJuly2018,thecompanyrecoveredtheentrustedloanof1,000.00millionyuanwhichhadfullyaccruedtheassetimpairmentprovision.Fordetails,pleaserefertothecompany'sannouncementonrecoveringpartoftheentrustedloandisclosedonJuly13,2018(announcementnumber:2018-018). |
Governmentsubsidieschargedtocurrentprofitorloss(exclusiveofgovernmentsubsidiesgiveninthe | 475,400.00 |
Company’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards) | ||
Capitaloccupationchargesonnon-financialenterprisesthatarechargedtocurrentprofitorloss | 573,182.00 | |
Gainorlossonfair-valuechangesintradingfinancialassetsandliabilities&investmentincomefromdisposaloftradingfinancialassetsandliabilitiesandavailable-for-salefinancialassets(exclusiveofeffectiveportionofhedgesthatariseintheCompany’sordinarycourseofbusiness) | 455,319.86 | |
Othergainsandlossesthatmeetdefinitionofexceptionalgain/loss | 656,800.26 | |
Less:Incometaxeffects | 2,176,309.53 | |
Total | 12,028,768.96 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat30September2018
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
Numberofordinaryshareholders | 49,459 | Numberofpreferredshareholderswithresumedvotingrights(ifany) | 0 | |||||
Top10shareholders | ||||||||
Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Numberofshares | Restrictedshares | Sharesinpledgeorfrozen | |||
Status | Shares | |||||||
State-ownedAssetsSupervisionandAdministrationCommissionofChangzhouMunicipalPeople’sGovernment | State-ownedlegalperson | 30.43% | 170,845,236 | |||||
KGIAsiaLimited | Foreignlegalperson | 0.57% | 3,189,845 |
WangJianwei | Domesticnaturalperson | 0.34% | 1,934,500 | ||||
ZhangRuirong | Domesticnaturalperson | 0.32% | 1,789,800 | ||||
WanPeizhong | Domesticnaturalperson | 0.29% | 1,645,800 | ||||
HuangGuoliang | Domesticnaturalperson | 0.27% | 1,528,891 | ||||
HuWenyong | Domesticnaturalperson | 0.27% | 1,500,066 | ||||
LiSuinan | Domesticnaturalperson | 0.24% | 1,356,000 | ||||
VanguardTotalInternationalStockIndexFund | Foreignlegalperson | 0.23% | 1,292,594 | ||||
XiongShunbao | Domesticnaturalperson | 0.23% | 1,282,251 | ||||
Top10unrestrictedshareholders | |||||||
Nameofshareholder | Unrestrictedshares | Sharesbytype | |||||
Type | Shares | ||||||
State-ownedAssetsSupervisionandAdministrationCommissionofChangzhouMunicipalPeople’sGovernment | 170,845,236 | RMB-denominatedordinarystock | 170,845,236 | ||||
KGIAsiaLimited | 3,189,845 | Domesticallylistedforeignstock | 3,189,845 | ||||
WangJianwei | 1,934,500 | RMB-denominatedordinarystock | 1,934,500 | ||||
ZhangRuirong | 1,789,800 | RMB-denominatedordinarystock | 1,789,800 | ||||
WanPeizhong | 1,645,800 | RMB-denominatedordinarystock | 1,645,800 | ||||
HuangGuoliang | 1,528,891 | Domesticallylistedforeignstock | 1,528,891 | ||||
HuWenyong | 1,500,066 | Domesticallylistedforeignstock | 1,500,066 | ||||
LiSuinan | 1,356,000 | Domesticallylistedforeignstock | 1,356,000 | ||||
VanguardTotalInternationalStockIndexFund | 1,292,594 | Domesticallylistedforeignstock | 1,292,594 | ||||
XiongShunbao | 1,282,251 | RMB-denominatedordinarystock | 1,282,251 | ||||
Relatedoracting-in-concertpartiesamongshareholdersabove | Itisunknownwhetherthereisanyconnectedpartyoracting-in-concertpartyasdefinedintheMeasuresfortheAdministrationofDisclosureofShareholderEquityChangesofListedCompaniesamongthetop10tradableshareholdersorthetop10unrestrictedtradableshareholders. | ||||||
Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.□Yea√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinKeyConsolidatedFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable1.ConsolidatedBalanceSheetItemsasat30September2018
Item | 30September2018(RMB) | 31December2017(RMB) | Change(%) | Explanationofwhy |
Notesandaccountsreceivable | 1,485,050,866.65 | 1,108,415,299.12 | 33.98% | DuringQ1~Q32018,creditsalewasproperlycarriedouttoextendmarketspace,andmostmulti-cylinderenginecustomersweresupportingmanufacturersforbiggerenterprises,whichmeansrelativelylongaccountagesfortheCompany,resultinginanincreaseof117.69%inreceivablescomparedtothebeginning. |
Otherreceivables | 21,267,589.07 | 5,794,971.22 | 267.00% | TemporaryloansgrantedbysubsidiaryChangzhouHoushengInvestmentCo.,Ltd.toXuzhouHuadongFoundryFactory,etc. |
Othercurrentassets | 23,104,987.78 | 42,540,184.05 | -45.69% | DecreaseinoverpaidVAT |
Payrollpayable | 24,782,530.80 | 51,247,112.66 | -51.64% | Salariesandbonusesaccruedintheninemonthsended30September2017weremostlypaidinthecorrespondingperiodofthecurrentyear |
2.ConsolidatedIncomeStatementItemsforQ1~Q32018
Item | Q1~Q32018(RMB) | Q1~Q32017(RMB) | Change(%) | Explanationofwhy |
Financecosts | -4,311,945.83 | -1,287,876.55 | —— | Increaseinforeignexchangeincomeresultedfromexchangeratefluctuations |
Assetimpairmentloss | -2,531,847.48 | 9,150,039.27 | —— | Allowancesfordoubtfulaccountsreceivablerecordedbasedonagingledtoanincreaseinassetimpairmentloss,whilethecollectionofentrustedloanswithfull-amountimpairmentallowancesresultedinwritedownsinthisitem |
Investmentincome | 8,053,269.86 | 13,407,484.45 | -39.93% | DeclineindividendsfromFotonMotor |
Non-operatingincome | 2,830,716.11 | 25,903,268.01 | -89.07% | Lastyearsawthenon-operatingincomearisingfromincludingChangzhouFuji |
ChangchaiRobinGasolineEngineCo.,Ltd.,whoseequityinterestshadbeenacquiredbytheCompanyatadiscount,intotheconsolidatedfinancialstatements | ||||
Non-operatingexpense | 1,698,515.85 | 7,979,840.88 | -78.71% | Greaterlossonthedisposalofinactivematerialsduringthesameperiodoflastyear |
Netprofit | 23,643,295.60 | 43,305,505.88 | -45.40% | Lastyearsawthenon-operatingincomearisingfromincludingChangzhouFujiChangchaiRobinGasolineEngineCo.,Ltd.,whoseequityinterestshadbeenacquiredbytheCompanyatadiscount,intotheconsolidatedfinancialstatements |
Othercomprehensiveincome,netoftax | -144,235,225.00 | -41,677,200.00 | —— | Significantdeclineingainsonfairvaluechangesofavailable-for-salefinancialassets |
3.ConsolidatedCashFlowStatementItemsforQ1~Q32018
Item | Q1~Q32018(RMB) | Q1~Q32017(RMB) | Change(%) | Explanationofwhy |
Taxrebates | 39,981,450.76 | 24,619,585.42 | 62.40% | Mainlyforthereportperiodreceivedmoreexporttaxrebates. |
Taxespaid | 21,038,574.94 | 30,890,368.40 | -31.89% | Changesinsalesandprofit,aswellastheeffectofthegovernment’staxcuts |
Netcashgeneratedfrom/usedininvestingactivities | -23,421,616.03 | -63,559,009.38 | —— | Significantdeclineinpaymentsforacquisitionoffixedassets,intangibleassetsandotherlong-livedassets |
Netcashgeneratedfrom/usedinfinancingactivities | -16,892,465.30 | 21,794,509.81 | —— | Mainlyforthelastreportingperiodborrowingsincreasedmore |
IIProgress,InfluenceandSolutionsAssociatedwithSignificantEvents
√Applicable□Notapplicable
ThecontrollingshareholderoftheCompany—State-ownedAssetsSupervisionandAdministrationCommissionofChangzhouMunicipalGovernment(hereinafterreferredtoas“ChangzhouSASAC”)andChangzhouInvestmentGroupCo.,Ltd.signedtheAgreementonGratuitousTransferofState-ownedSharesHeldbyChangchaiCompanyLimitedon16August2018,inwhichtheChangzhouSASACintendedtogratuitouslytransferall170,845,236sharesinChangchaiCompanyLimitedheldbyittoChangzhouInvestmentGroupCo.,Ltd.TheissuehasbeenapprovedbyChangzhouPeople’sGovernmentandtheState-ownedAssetsSupervisionandAdministrationCommissionofJiangsuProvincialGovernment.Inaddition,Chinasecuritiesregulatory
commission(CSRC)hasagreedtoexemptChangzhouInvestmentGroupCo.,Ltd.fromthetenderofferobligationforholdingtheCompany’ssharesduetogratuitoustransfer.Theissueiscurrentlygoingthroughtherelevantequitytransferprocedures.Formoredetails,pleaserefertotheIndicativeAnnouncementonGratuitousTransferofState-ownedSharesHeldbytheControllingShareholder(AnnouncementNo.:2018-015),AnnouncementontheProgressofGratuitousTransferofState-ownedSharesHeldbytheControllingShareholder(AnnouncementNo.:2018-020)andAnnouncementontheProgressofGratuitousTransferofState-ownedSharesHeldbytheControllingShareholder(AnnouncementNo.:2018-025)disclosedbytheCompanyrespectivelyon1June2018,17August2018and5September2018.Afterthecompletionofthetransfer,ChangzhouInvestmentGroupCo.,Ltd.willbethecontrollingshareholderoftheCompanyandtheactualcontrolleroftheCompanywillnotchange.
Overviewofsignificantevent | Disclosuredate | Relatedannouncement |
Gratuitoustransferofstate-ownedshares | 1June2018 | 2018-015 |
16August2018 | 2018-020 | |
5September2018 | 2018-025 | |
20October2018 | 2018-026 |
IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherParties,FailedtoFulfillonTimeduringReportingPeriod
√Applicable□Notapplicable
Commitment | Commitmentmaker | Typeofcommitment | Contents | Dateofcommitmentmaking | Periodofcommitment | Fulfillment |
Othercommitmentsmadetominorityshareholders | ChangchaiCompany,Limited | bonus | RewardsPlanforShareholdersinNextThreeYears(2017-2019)Underthepremiseofpositivedistributiveprofit(remainingafter-taxprofitsaftermakingupforthelossandextractingforthecommonreserves)inthisyearorhalfyearandabundantmoneyflowandnoinfluenceonthefollowing-upgoingconcernaftercashbonus,theprofitsallocatedbycasheveryyearshouldn’tbelowerthan10%oftheallocableprofitsfromparentcompany.Meanwhile,theaccumulatedallocableprofitsbycashinthearbitrarycontinuousthree | 11May2017 | Year2017-2019 | Implementinanormalway |
accountingyearsshouldnotbelowerthan30%oftheannualaverageallocableprofitsinthosethreeyears. | ||
Fulfilledontime | Yes | |
Whenthecommitmentwasnotcompletelyfulfilledatmaturity,thespecificreasonsandfollowingworkplanshallbegiven | N/A |
IV2018AnnualOperatingPerformanceForecast
Warningofaforecastlossonoraforecastsignificantyear-on-yearchangeinnetprofitforyear2018,aswellasexplanationofwhy:
□Applicable√Notapplicable
VSecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VIWealthManagementEntrustment
√Applicable□Notapplicable
Unit:RMB’0,000(inRMBtenthousandyuan)
Typeofwealthmanagement | Fundingsource | Principal | Outstandingamountbeforematurity | Overdueamount |
Wealthmanagementproductpurchasedfromsecuritiescompany | Self-funded | 1,600 | 1,600 | 0 |
Total | 1,600 | 1,600 | 0 |
High-riskwealthmanagemententrustmentswithamountsthatareindividuallysignificant,orwithlowsecurity,lowliquidity,ornoprotectionoftheprincipal:
□Applicable√NotapplicableWealthmanagemententrustmentswithpossibleimpairmentsincludinganexpectedlyunrecoverableprincipal:
□Applicable√Notapplicable
VIIInvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VIIIVisitsPaidtotheCompanyforPurposesofResearch,Communication,Interview,etc.duringReportingPeriod
√Applicable□Notapplicable
Dateofvisit | Wayofvisit | Typeofvisitor | About |
13August2018 | Other | Individual | ProgressoflithiumbatterydiaphragmprojectinvestedwithindustryfundssetupbytheCompany |
18July2018 | Other | Individual | RepurchaseofB-share |
IXIrregularitiesinProvisionofGuaranteesforExternalParties
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
XOccupationoftheCompany’sCapitalbyControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyChangchaiCompanyLimited
30September2018
Unit:RMB
Item | 30September2018 | 31December2017 |
Currentassets: | ||
Monetarycapital | 411,034,175.51 | 430,305,367.71 |
Settlementreserve | ||
Interbankloansgranted | ||
Financialassetsatfairvaluethroughprofitorloss | ||
Derivativefinancialassets | ||
Notesandaccountsreceivable | 1,485,050,866.65 | 1,108,415,299.12 |
Including:Notesreceivable | 631,687,682.49 | 716,404,345.57 |
Accountsreceivable | 853,363,184.16 | 392,010,953.55 |
Prepayments | 19,751,263.00 | 17,781,007.77 |
Premiumsreceivable | ||
Reinsurancereceivables | ||
Receivablereinsurancecontractreserve | ||
Otherreceivables | 21,267,589.07 | 5,794,971.22 |
Financialassetspurchasedunderresaleagreements | ||
Inventories | 424,522,218.24 | 508,246,807.48 |
Assetsclassifiedasheldforsale | ||
Currentportionofnon-currentassets | ||
Othercurrentassets | 23,104,987.78 | 42,540,184.05 |
Totalcurrentassets | 2,384,731,100.25 | 2,113,083,637.35 |
Non-currentassets: | ||
Loansandadvancestocustomers | ||
Available-for-salefinancialassets | 616,859,101.49 | 793,522,639.04 |
Held-to-maturityinvestments |
Long-termreceivables | ||
Long-termequityinvestments | ||
Investmentproperty | 51,208,092.83 | 52,864,348.43 |
Fixedassets | 518,930,402.74 | 560,049,970.50 |
Constructioninprogress | 79,665,817.80 | 94,581,989.06 |
Productivelivingassets | ||
Oilandgasassets | ||
Intangibleassets | 103,850,781.63 | 107,795,746.86 |
R&Dexpense | ||
Goodwill | ||
Long-termprepaidexpense | ||
Deferredincometaxassets | 1,006,950.81 | 1,006,953.81 |
Othernon-currentassets | ||
Totalnon-currentassets | 1,371,521,147.30 | 1,609,821,647.70 |
Totalassets | 3,756,252,247.55 | 3,722,905,285.05 |
Currentliabilities: | ||
Short-termborrowings | 27,000,000.00 | 24,900,000.00 |
Borrowingsfromcentralbank | ||
Customerdepositsandinterbankdeposits | ||
Interbankloansobtained | ||
Financialliabilitiesatfairvaluethroughprofitorloss | ||
Derivativefinancialliabilities | ||
Notesandaccountspayable | 1,143,196,396.32 | 963,299,000.18 |
Advancesfromcustomers | 51,157,778.08 | 40,153,984.91 |
Financialassetssoldunderrepurchaseagreements | ||
Handlingchargesandcommissionspayable | ||
Payrollpayable | 24,782,530.80 | 51,247,112.66 |
Taxespayable | 10,298,127.47 | 4,017,920.78 |
Otherpayables | 219,162,163.02 | 195,985,676.91 |
Reinsurancepayables | ||
Insurancecontractreserve | ||
Payablesforactingtradingofsecurities | ||
Payablesforunderwritingofsecurities | ||
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale |
Currentportionofnon-currentliabilities | ||
Othercurrentliabilities | 2,924,539.46 | 2,028,937.59 |
Totalcurrentliabilities | 1,478,521,535.15 | 1,281,632,633.03 |
Non-currentliabilities: | ||
Long-termborrowings | 21,000,000.00 | 21,500,000.00 |
Bondspayable | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Long-termpayables | ||
Long-termpayrollpayable | ||
Provisions | ||
Deferredincome | 60,992,858.46 | 60,992,858.46 |
Deferredincometaxliabilities | 66,800,998.95 | 92,409,779.39 |
Othernon-currentliabilities | ||
Totalnon-currentliabilities | 148,793,857.41 | 174,902,637.85 |
Totalliabilities | 1,627,315,392.56 | 1,456,535,270.88 |
Owners’equity: | ||
Sharecapital | 561,374,326.00 | 561,374,326.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 164,328,665.43 | 164,328,665.43 |
Less:Treasurystock | ||
Othercomprehensiveincome | 370,833,325.00 | 515,068,550.00 |
Specificreserve | 13,289,059.21 | 13,289,059.21 |
Surplusreserves | 313,705,210.16 | 313,705,210.16 |
Generalreserve | ||
Retainedearnings | 685,599,217.32 | 679,131,047.06 |
TotalequityattributabletoownersoftheCompanyastheparent | 2,109,129,803.12 | 2,246,896,857.86 |
Non-controllinginterests | 19,807,051.87 | 19,473,156.31 |
Totalowners’equity | 2,128,936,854.99 | 2,266,370,014.17 |
Totalliabilitiesandowners’equity | 3,756,252,247.55 | 3,722,905,285.05 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item | 30September2018 | 31December2017 |
Currentassets: | ||
Monetarycapital | 368,196,862.63 | 366,907,287.64 |
Financialassetsatfairvaluethroughprofitorloss | ||
Derivativefinancialassets | ||
Notesandaccountsreceivable | 1,374,522,228.30 | 1,031,361,397.27 |
Including:Notesreceivable | 617,668,214.49 | 711,474,345.57 |
Accountsreceivable | 756,854,013.81 | 319,887,051.70 |
Prepayments | 4,181,621.10 | 9,815,561.98 |
Otherreceivables | 10,525,373.22 | 11,798,211.40 |
Inventories | 299,370,138.70 | 376,814,388.82 |
Assetsclassifiedasheldforsale | ||
Currentportionofnon-currentassets | ||
Othercurrentassets | 20,692,057.15 | |
Totalcurrentassets | 2,056,796,223.95 | 1,817,388,904.26 |
Non-currentassets: | ||
Available-for-salefinancialassets | 616,149,000.00 | 785,837,500.00 |
Held-to-maturityinvestments | ||
Long-termreceivables | ||
Long-termequityinvestments | 231,752,730.03 | 231,752,730.03 |
Investmentproperty | 51,208,092.83 | 52,864,348.43 |
Fixedassets | 418,626,042.81 | 453,155,359.47 |
Constructioninprogress | 79,280,694.44 | 93,681,793.26 |
Productivelivingassets | ||
Oilandgasassets | ||
Intangibleassets | 72,708,970.40 | 75,623,219.49 |
R&Dexpense | ||
Goodwill | ||
Long-termprepaidexpense | ||
Deferredincometaxassets | 934,554.06 | 934,554.06 |
Othernon-currentassets | ||
Totalnon-currentassets | 1,470,660,084.57 | 1,693,849,504.74 |
Totalassets | 3,527,456,308.52 | 3,511,238,409.00 |
Currentliabilities: | ||
Short-termborrowings | 10,000,000.00 | |
Financialliabilitiesatfairvaluethroughprofitorloss | ||
Derivativefinancialliabilities | ||
Notesandaccountspayable | 1,053,470,134.46 | 883,244,989.22 |
Advancesfromcustomers | 49,253,055.31 | 38,382,261.14 |
Payrollpayable | 19,402,520.44 | 41,401,495.39 |
Taxespayable | 2,031,773.51 | 1,373,036.64 |
Otherpayables | 201,143,326.08 | 185,981,889.23 |
Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
Currentportionofnon-currentliabilities | ||
Othercurrentliabilities | ||
Totalcurrentliabilities | 1,335,300,809.80 | 1,150,383,671.62 |
Non-currentliabilities: | ||
Long-termborrowings | 19,000,000.00 | 19,500,000.00 |
Bondspayable | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Long-termpayables | ||
Long-termpayrollpayable | ||
Provisions | ||
Deferredincome | 60,992,858.46 | 60,992,858.46 |
Deferredincometaxliabilities | 65,441,175.00 | 90,894,450.00 |
Othernon-currentliabilities | ||
Totalnon-currentliabilities | 145,434,033.46 | 171,387,308.46 |
Totalliabilities | 1,480,734,843.26 | 1,321,770,980.08 |
Owners’equity: | ||
Sharecapital | 561,374,326.00 | 561,374,326.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 183,071,147.70 | 183,071,147.70 |
Less:Treasurystock |
Othercomprehensiveincome | 370,833,325.00 | 515,068,550.00 |
Specificreserve | 13,289,059.21 | 13,289,059.21 |
Surplusreserves | 313,705,210.16 | 313,705,210.16 |
Retainedearnings | 604,448,397.19 | 602,959,135.85 |
Totalowners’equity | 2,046,721,465.26 | 2,189,467,428.92 |
Totalliabilitiesandowners’equity | 3,527,456,308.52 | 3,511,238,409.00 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe3.ConsolidatedIncomeStatementforQ3
Unit:RMB
Item | Q32018 | Q32017 |
1.Revenue | 432,605,495.58 | 551,411,429.29 |
Including:Operatingrevenue | 432,605,495.58 | 551,411,429.29 |
Interestincome | ||
Premiumincome | ||
Handlingchargeandcommissionincome | ||
2.Operatingcostsandexpenses | 435,376,583.73 | 553,758,537.78 |
Including:Costofsales | 368,800,817.45 | 470,832,920.30 |
Interestexpense | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netclaimspaid | ||
Netamountprovidedasinsurancecontractreserve | ||
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 3,622,252.63 | 1,498,185.39 |
Sellingexpense | 41,800,679.58 | 38,153,014.94 |
Administrativeexpense | 21,842,985.31 | 31,350,187.76 |
R&Dexpense | 15,978,761.69 | 13,545,557.30 |
Financecosts | -4,179,608.71 | -1,621,327.91 |
Including:Interestexpense | 740,882.96 | 557,914.97 |
Interestincome | 682,638.32 | 988,604.45 |
Assetimpairmentloss | -12,489,304.22 | |
Add:Otherincome |
Investmentincome(“-”forloss) | 7,677,178.18 | 4,049,357.83 |
Including:Shareofprofitorlossofjointventuresandassociates | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Foreignexchangegain(“-”forloss) | ||
Assetdisposalincome(“-”forloss) | ||
3.Operatingprofit(“-”forloss) | 4,906,090.03 | 1,702,249.34 |
Add:Non-operatingincome | 727,633.08 | 4,129,944.60 |
Less:Non-operatingexpense | 171,349.64 | 1,585,185.70 |
4.Profitbeforetax(“-”forloss) | 5,462,373.47 | 4,247,008.24 |
Less:Incometaxexpense | 726,986.79 | 992,114.23 |
5.Netprofit(“-”fornetloss) | 4,735,386.68 | 3,254,894.01 |
5.1Netprofitfromcontinuingoperations(“-”fornetloss) | 4,735,386.68 | 3,254,894.01 |
5.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
NetprofitattributabletoownersoftheCompanyastheparent | 4,670,842.38 | 3,072,285.14 |
Netprofitattributabletonon-controllinginterests | 64,544.30 | 182,608.87 |
6.Othercomprehensiveincome,netoftax | -18,037,000.00 | -42,075.00 |
AttributabletoownersoftheCompanyastheparent | -18,037,000.00 | -42,075.00 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
6.1.1Changesinnetliabilitiesorassetscausedbyremeasurementsondefinedbenefitpensionschemes | ||
6.1.2Shareofothercomprehensiveincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod | ||
6.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | -18,037,000.00 | -42,075.00 |
6.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
6.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets | -18,037,000.00 | -42,075.00 |
6.2.3Gain/Lossarisingfromreclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
6.2.4Effectivegain/lossoncashflowhedges | ||
6.2.5Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | ||
6.2.6Other | ||
Attributabletonon-controllinginterests | ||
7.Totalcomprehensiveincome | -13,301,613.32 | 3,212,819.01 |
AttributabletoownersoftheCompanyastheparent | -13,366,157.62 | 3,030,210.14 |
Attributabletonon-controllinginterests | 64,544.30 | 182,608.87 |
8.Earningspershare | ||
8.1Basicearningspershare | 0.01 | 0.01 |
8.2Dilutedearningspershare | 0.01 | 0.01 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe4.IncomeStatementoftheCompanyastheParentforQ3
Unit:RMB
Item | Q32018 | Q32017 |
1.Operatingrevenue | 416,427,359.56 | 519,533,251.59 |
Less:Costofsales | 362,072,818.22 | 448,760,167.59 |
Taxesandsurcharges | 2,893,386.71 | 1,417,116.02 |
Sellingexpense | 39,994,953.30 | 34,703,041.46 |
Administrativeexpense | 17,353,285.58 | 26,533,742.68 |
R&Dexpense | 15,978,761.69 | 13,545,557.30 |
Financecosts | -4,413,035.38 | -2,767,240.21 |
Including:Interestexpense | 768,546.57 | 469,437.35 |
Interestincome | 591,988.98 | 775,478.29 |
Assetimpairmentloss | -12,556,816.51 | |
Add:Otherincome | ||
Investmentincome(“-”forloss) | 7,576,950.00 | 3,757,000.00 |
Including:Shareofprofitorlossofjointventuresandassociates | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Assetdisposalincome(“-”forloss) | ||
2.Operatingprofit(“-”forloss) | 2,680,955.95 | 1,097,866.75 |
Add:Non-operatingincome | 344,083.46 | 2,746,050.87 |
Less:Non-operatingexpense | 170,435.64 | 777,184.55 |
3.Profitbeforetax(“-”forloss) | 2,854,603.77 | 3,066,733.07 |
Less:Incometaxexpense | 291,560.85 | |
4.Netprofit(“-”fornetloss) | 2,854,603.77 | 2,775,172.22 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 2,854,603.77 | 2,775,172.22 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netoftax | -18,037,000.00 | -42,075.00 |
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
5.1.1Changesinnetliabilitiesorassetscausedbyremeasurementsondefinedbenefitpensionschemes | ||
5.1.2Shareofothercomprehensiveincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod | ||
5.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | -18,037,000.00 | -42,075.00 |
5.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
5.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets | -18,037,000.00 | -42,075.00 |
5.2.3Gain/Lossarisingfromreclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
5.2.4Effectivegain/lossoncashflowhedges | ||
5.2.5Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.6Other | ||
6.Totalcomprehensiveincome | -15,182,396.23 | 2,733,097.22 |
7.Earningspershare | ||
7.1Basicearningspershare | ||
7.2Dilutedearningspershare |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe5.ConsolidatedIncomeStatementforQ1~Q3
Unit:RMB
Item | Q1~Q32018 | Q1~Q32017 |
1.Revenue | 1,619,366,387.84 | 1,859,517,610.21 |
Including:Operatingrevenue | 1,619,366,387.84 | 1,859,517,610.21 |
Interestincome | ||
Premiumincome | ||
Handlingchargeandcommissionincome | ||
2.Operatingcostsandexpenses | 1,599,958,648.92 | 1,840,879,902.93 |
Including:Costofsales | 1,403,155,726.44 | 1,612,225,242.18 |
Interestexpense | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netclaimspaid |
Netamountprovidedasinsurancecontractreserve | ||
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 9,361,725.89 | 8,530,314.39 |
Sellingexpense | 94,028,755.44 | 93,968,371.07 |
Administrativeexpense | 63,731,730.10 | 84,002,874.30 |
R&Dexpense | 36,524,504.36 | 34,290,938.27 |
Financecosts | -4,311,945.83 | -1,287,876.55 |
Including:Interestexpense | 2,545,980.06 | 3,024,858.13 |
Interestincome | 1,574,301.49 | 2,984,418.67 |
Assetimpairmentloss | -2,531,847.48 | 9,150,039.27 |
Add:Otherincome | 129,600.00 | |
Investmentincome(“-”forloss) | 8,053,269.86 | 13,407,484.45 |
Including:Shareofprofitorlossofjointventuresandassociates | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Foreignexchangegain(“-”forloss) | ||
Assetdisposalincome(“-”forloss) | ||
3.Operatingprofit(“-”forloss) | 27,590,608.78 | 32,045,191.73 |
Add:Non-operatingincome | 2,830,716.11 | 25,903,268.01 |
Less:Non-operatingexpense | 1,698,515.85 | 7,979,840.88 |
4.Profitbeforetax(“-”forloss) | 28,722,809.04 | 49,968,618.86 |
Less:Incometaxexpense | 5,079,513.44 | 6,663,112.98 |
5.Netprofit(“-”fornetloss) | 23,643,295.60 | 43,305,505.88 |
5.1Netprofitfromcontinuingoperations(“-”fornetloss) | 23,643,295.60 | 43,305,505.88 |
5.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
NetprofitattributabletoownersoftheCompanyastheparent | 23,309,400.04 | 42,751,443.27 |
Netprofitattributabletonon-controllinginterests | 333,895.56 | 554,062.61 |
6.Othercomprehensiveincome,netoftax | -144,235,225.00 | -41,677,200.00 |
AttributabletoownersoftheCompanyastheparent | -144,235,225.00 | -41,677,200.00 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
6.1.1Changesinnetliabilitiesorassetscausedbyremeasurementsondefinedbenefitpensionschemes | ||
6.1.2Shareofothercomprehensiveincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod |
6.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | -144,235,225.00 | -41,677,200.00 |
6.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
6.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets | -144,235,225.00 | -41,677,200.00 |
6.2.3Gain/Lossarisingfromreclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
6.2.4Effectivegain/lossoncashflowhedges | ||
6.2.5Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | ||
6.2.6Other | ||
Attributabletonon-controllinginterests | ||
7.Totalcomprehensiveincome | -120,591,929.40 | 1,628,305.88 |
AttributabletoownersoftheCompanyastheparent | -120,925,824.96 | 1,074,243.27 |
Attributabletonon-controllinginterests | 333,895.56 | 554,062.61 |
8.Earningspershare | ||
8.1Basicearningspershare | 0.04 | 0.08 |
8.2Dilutedearningspershare | 0.04 | 0.08 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
Item | Q1~Q32018 | Q1~Q32017 |
1.Operatingrevenue | 1,537,762,482.71 | 1,748,840,798.71 |
Less:Costofsales | 1,353,150,662.71 | 1,535,510,001.55 |
Taxesandsurcharges | 7,281,502.74 | 7,469,956.58 |
Sellingexpense | 86,373,935.16 | 85,011,010.11 |
Administrativeexpense | 50,165,905.14 | 70,323,735.83 |
R&Dexpense | 36,524,504.36 | 34,290,938.27 |
Financecosts | -6,333,999.37 | -3,403,441.05 |
Including:Interestexpense | 2,380,867.34 | 2,712,359.91 |
Interestincome | 1,395,580.84 | 2,600,951.07 |
Assetimpairmentloss | -2,631,847.48 | 9,150,039.27 |
Add:Otherincome | 129,600.00 | |
Investmentincome(“-”forloss) | 7,597,950.00 | 10,709,750.99 |
Including:Shareofprofitorlossofjointventuresandassociates | ||
Gainonchangesinfairvalue(“-”forloss) | ||
Assetdisposalincome(“-”forloss) | ||
2.Operatingprofit(“-”forloss) | 20,959,369.45 | 21,198,309.14 |
Add:Non-operatingincome | 2,104,313.37 | 3,313,407.07 |
Less:Non-operatingexpense | 1,695,773.85 | 6,969,533.83 |
3.Profitbeforetax(“-”forloss) | 21,367,908.97 | 17,542,182.38 |
Less:Incometaxexpense | 3,037,417.85 | 4,164,955.68 |
4.Netprofit(“-”fornetloss) | 18,330,491.12 | 13,377,226.70 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 18,330,491.12 | 13,377,226.70 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netoftax | -144,235,225.00 | -41,677,200.00 |
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
5.1.1Changesinnetliabilitiesorassetscausedbyremeasurementsondefinedbenefitpensionschemes | ||
5.1.2Shareofothercomprehensiveincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod | ||
5.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | -144,235,225.00 | -41,677,200.00 |
5.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
5.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets | -144,235,225.00 | -41,677,200.00 |
5.2.3Gain/Lossarisingfromreclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
5.2.4Effectivegain/lossoncashflowhedges | ||
5.2.5Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.6Other | ||
6.Totalcomprehensiveincome | -125,904,733.88 | -28,299,973.30 |
7.Earningspershare | ||
7.1Basicearningspershare | ||
7.2Dilutedearningspershare |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
Item | Q1~Q32018 | Q1~Q32017 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 1,502,082,934.17 | 1,847,464,192.62 |
Netincreaseincustomerdepositsandinterbankdeposits | ||
Netincreaseinborrowingsfromcentralbank | ||
Netincreaseinloansfromotherfinancialinstitutions | ||
Premiumsreceivedonoriginalinsurancecontracts | ||
Netproceedsfromreinsurance | ||
Netincreaseindepositsandinvestmentsofpolicyholders | ||
Netincreaseinproceedsfromdisposaloffinancialassetsatfairvaluethroughprofitorloss | ||
Interest,handlingchargesandcommissionsreceived | ||
Netincreaseininterbankloansobtained | ||
Netincreaseinproceedsfromrepurchasetransactions | ||
Taxrebates | 39,981,450.76 | 24,619,585.42 |
Cashgeneratedfromotheroperatingactivities | 9,176,454.39 | 8,501,430.20 |
Subtotalofcashgeneratedfromoperatingactivities | 1,551,240,839.32 | 1,880,585,208.24 |
Paymentsforcommoditiesandservices | 1,302,400,952.42 | 1,592,437,011.20 |
Netincreaseinloansandadvancestocustomers | ||
Netincreaseindepositsincentralbankandininterbankloansgranted | ||
Paymentsforclaimsonoriginalinsurancecontracts | ||
Interest,handlingchargesandcommissionspaid | ||
Policydividendspaid | ||
Cashpaidtoandforemployees | 227,468,105.70 | 244,510,500.67 |
Taxespaid | 21,038,574.94 | 30,890,368.40 |
Cashusedinotheroperatingactivities | 54,585,003.85 | 73,799,301.59 |
Subtotalofcashusedinoperatingactivities | 1,605,492,636.91 | 1,941,637,181.86 |
Netcashgeneratedfrom/usedinoperatingactivities | -54,251,797.59 | -61,051,973.62 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 23,459,682.03 | 12,000,000.00 |
Investmentincome | 8,053,269.86 | 13,407,484.45 |
Netproceedsfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets | 295,880.71 | 612,112.84 |
Netproceedsfromdisposalofsubsidiariesorotherbusinessunits |
Cashgeneratedfromotherinvestingactivities | ||
Subtotalofcashgeneratedfrominvestingactivities | 31,808,832.60 | 26,019,597.29 |
Paymentsforacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 27,248,307.93 | 64,624,007.34 |
Paymentsforinvestments | 6,000,000.00 | |
Netincreaseinpledgedloansgranted | ||
Netpaymentsforacquisitionofsubsidiariesandotherbusinessunits | 1,854,599.33 | |
Cashusedinotherinvestingactivities | 27,982,140.70 | 17,100,000.00 |
Subtotalofcashusedininvestingactivities | 55,230,448.63 | 89,578,606.67 |
Netcashgeneratedfrom/usedininvestingactivities | -23,421,616.03 | -63,559,009.38 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | ||
Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | ||
Increaseinborrowingsobtained | 17,000,000.00 | 44,900,000.00 |
Netproceedsfromissuanceofbonds | ||
Cashgeneratedfromotherfinancingactivities | ||
Subtotalofcashgeneratedfromfinancingactivities | 17,000,000.00 | 44,900,000.00 |
Repaymentofborrowings | 15,400,000.00 | 5,000,000.00 |
Paymentsforinterestanddividends | 18,492,465.30 | 18,105,490.19 |
Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
Cashusedinotherfinancingactivities | ||
Subtotalofcashusedinfinancingactivities | 33,892,465.30 | 23,105,490.19 |
Netcashgeneratedfrom/usedinfinancingactivities | -16,892,465.30 | 21,794,509.81 |
4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
5.Netincreaseincashandcashequivalents | -94,565,878.92 | -102,816,473.19 |
Add:Cashandcashequivalents,beginningoftheperiod | 325,263,654.43 | 583,278,129.09 |
6.Cashandcashequivalents,endoftheperiod | 230,697,775.51 | 480,461,655.90 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
Item | Q1~Q32018 | Q1~Q32017 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 1,415,048,015.22 | 1,708,157,948.66 |
Taxrebates | 31,526,429.06 | 24,619,585.42 |
Cashgeneratedfromotheroperatingactivities | 7,685,480.38 | 6,986,793.79 |
Subtotalofcashgeneratedfromoperatingactivities | 1,454,259,924.66 | 1,739,764,327.87 |
Paymentsforcommoditiesandservices | 1,235,746,003.49 | 1,483,506,231.99 |
Cashpaidtoandforemployees | 198,291,459.90 | 218,784,328.58 |
Taxespaid | 15,439,986.70 | 26,440,358.98 |
Cashusedinotheroperatingactivities | 51,499,872.31 | 68,004,253.14 |
Subtotalofcashusedinoperatingactivities | 1,500,977,322.40 | 1,796,735,172.69 |
Netcashgeneratedfrom/usedinoperatingactivities | -46,717,397.74 | -56,970,844.82 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | ||
Investmentincome | 7,597,950.00 | 10,709,750.99 |
Netproceedsfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets | 154,889.08 | 193,991.71 |
Netproceedsfromdisposalofsubsidiariesorotherbusinessunits | ||
Cashgeneratedfromotherinvestingactivities | ||
Subtotalofcashgeneratedfrominvestingactivities | 7,752,839.08 | 10,903,742.70 |
Paymentsforacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 25,507,202.39 | 63,978,352.64 |
Paymentsforinvestments | ||
Netpaymentsforacquisitionofsubsidiariesandotherbusinessunits | 26,516,925.27 | |
Cashusedinotherinvestingactivities | ||
Subtotalofcashusedininvestingactivities | 25,507,202.39 | 90,495,277.91 |
Netcashgeneratedfrom/usedininvestingactivities | -17,754,363.31 | -79,591,535.21 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | ||
Increaseinborrowingsobtained | 10,000,000.00 | 20,000,000.00 |
Netproceedsfromissuanceofbonds | ||
Cashgeneratedfromotherfinancingactivities | ||
Subtotalofcashgeneratedfromfinancingactivities | 10,000,000.00 | 20,000,000.00 |
Repaymentofborrowings | 500,000.00 | |
Paymentsforinterestanddividends | 17,852,241.03 | 16,841,229.78 |
Cashusedinotherfinancingactivities | ||
Sub-totalofcashusedinfinancingactivities | 18,352,241.03 | 16,841,229.78 |
Netcashgeneratedfrom/usedinfinancingactivities | -8,352,241.03 | 3,158,770.22 |
4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
5.Netincreaseincashandcashequivalents | -72,824,002.08 | -133,403,609.81 |
Add:Cashandcashequivalents,beginningoftheperiod | 272,064,464.71 | 558,159,090.01 |
6.Cashandcashequivalents,endoftheperiod | 199,240,462.63 | 424,755,480.20 |
Legalrepresentative:ShiXinkunGeneralmanager:ZhangXinheadoffinancialdepartment:JiangHe
IIIndependentAuditor’sReport
Indicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.