Zhejiang Dahua Technology Co., Ltd.
2019 Q3 Report
October 2019
Section I Important Notice
The Board of Directors, the Board of Supervisors, directors,supervisors and senior management members of the Company herebyguarantee that the information presented in this quarterly report isauthentic, accurate, complete and free of any false records, misleadingstatements or material omissions, and they will bear joint and severalliabilities for such information.All the directors attended the meeting of the Board of Directors forthe deliberation of this quarterly report.Fu Liquan, the Company's legal representative, Wei Meizhong, chiefaccountant, and Xu Qiaofen, person in charge of accounting institution(Accounting Officer) hereby declare and warrant that the financialstatements in the quarterly report are authentic, accurate and complete.
This document is a translated version of the Chinese version 2019 Q3 Financial Report (“2019年第三季度报告全文”),and the published Q3 report in the Chinese version shall prevail. The complete published Chinese 2019 Q3 FinancialReport may be obtained at http://www.cninfo.com.cn.
Section II Basic Information about the CompanyI. Key Accounting Data and Financial IndicatorsWhether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not
□ Yes √ No
| At The End Of The Current Reporting Period | At the End of the Previous Year | Increase/Decrease at the End of the Current Reporting Period Compared with the End of the Previous Year | ||||
| Total Assets (RMB) | 27,920,148,513.49 | 26,350,599,778.15 | 5.96% | |||
| Net Assets Attributable to Shareholders of the Listed Company (RMB) | 14,130,311,182.99 | 12,618,758,918.48 | 11.98% | |||
| The Current Reporting Period | Increase/Decrease of the Current Reporting Period Compared with the Same Period of the Previous Year | From the Beginning of the Year to the End of the Current Reporting Period | Increase/Decrease of the Period from the Beginning of the Year to the End of the Current Reporting Period Compared with the Same Period of the Previous Year | |||
| Operating Income (RMB) | 5,621,668,726.34 | 7.76% | 16,428,235,097.23 | 9.30% | ||
| Net Profit Attributable to Shareholders of the Listed Company (RMB) | 638,471,475.06 | 32.53% | 1,877,352,423.80 | 20.06% | ||
| Net Profit Attributable to Shareholders of the Listed Company after Deducting non-recurring Gains and Losses (RMB) | 590,869,606.63 | 14.56% | 1,729,521,354.66 | 6.55% | ||
| Net Cash Flow Generated by Operational Activities (RMB) | 332,230,140.64 | 158.22% | -538,236,952.24 | 67.71% | ||
| Basic Earnings per Share (RMB/Share) | 0.22 | 29.41% | 0.64 | 18.52% | ||
| Diluted Earnings per Share (RMB/Share) | 0.22 | 29.41% | 0.64 | 18.52% |
| Weighted Average ROE | 4.60% | 0.30% | 13.99% | -0.24% |
Non-recurring Gains and Losses Items and Their Amounts
√ Applicable □ Not applicable
(in RMB, except per share data, unaudited)
| Item Name | The Amount from the Beginning of the Year to the End of the Current Reporting Period | Note |
| Profits or losses from disposal of non-current assets (including the write-off for the accrued impairment of assets) | 10,509,250.47 | |
| The government subsidies included in the current profits and losses (excluding the government subsidies closely related to regular businesses of the Company and issued in the quota or quantity based on the national standards | 138,966,305.77 | |
| Profits and losses resulting from the changes in fair value for holding trading financial assets, derivative financial assets and trading financial liabilities, derivative financial liabilities and investment income from disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and other obligatory right investment, excluding the effective hedging businesses related to the regular business operation of the Company | 41,772,143.06 | |
| Non-Operating Revenue and Expenses other than the above | 3,269,138.09 | |
| Less: Impact of income tax | 32,165,761.36 | |
| Impact of minority equity (after tax) | 14,520,006.89 | |
| Total | 147,831,069.14 | -- |
For items defined as non-recurring gains and losses according to the No. 1 Explanatory Announcement on InformationDisclosure for Companies Offering Their Securities to Public - Non-recurring Gains and Losses, or non-recurring gainsand losses items listed in the said document defined as recurring ones, please specify the reasons.
□ Applicable √ Not applicable
In the reporting period, the Company did not define any non-recurring gains and losses items defined and listed in the No.1 Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to Public - Non-recurringGains and Losses, as recurring gains and losses items.
II. The Total Number of Shareholder and the Holdings of the Top 10 Shareholders atthe End of the Current Reporting Period
1. The number of common shareholders and preferred shareholders whose voting rights havebeen recovered and the shareholdings of the top 10 shareholders
Unit: share
| Total Number Of Common Shareholders At The End Of The Reporting Period | 106,822 | Total Number of Preferred Shareholders (If Any) Whose Voting Rights have been Recovered at the End of the Reporting Period | 0 | ||||
| The shareholdings of the top 10 shareholders | |||||||
| Name of Shareholder | Nature of Shareholder | Shareholding Percentage | Number of Shares Held | Number of Shares Held with Limited Sales Conditions | Pledged or Frozen | ||
| State of Shares | Number | ||||||
| Fu Liquan | Domestic Natural Person | 36.10% | 1,082,081,880 | 834,736,410 | Pledge | 201,152,000 | |
| Zhu Jiangming | Domestic Natural Person | 6.22% | 186,461,490 | 139,846,117 | Pledge | 36,504,000 | |
| Hong Kong Securities Clearing Co. Ltd. | Overseas Legal Person | 4.46% | 133,734,769 | 0 | |||
| Chen Ailing | Domestic Natural Person | 2.38% | 71,262,813 | 53,447,110 | |||
| Wu Jun | Domestic Natural Person | 2.31% | 69,250,886 | 51,938,164 | |||
| China Securities Finance Co., Ltd. | Domestic Non-state-owned Legal Person | 1.32% | 39,611,241 | 0 | |||
| Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 1.05% | 31,448,750 | 0 | |||
| Shanghai Greenwoods Asset Management Co., Ltd. - Greenwoods Global Fund | Others | 0.97% | 28,978,386 | 0 | |||
| Zhejiang Dahua | Others | 0.88% | 26,247,928 | 0 | |||
| Technology Co., Ltd. - Phase III Employee Stock Ownership Plan | ||||||
| Four One Eight Combination of National Social Security Fund | Others | 0.69% | 20,554,300 | 0 | ||
| Shareholding list of top ten shareholders without limited sales condition | ||||||
| Name of Shareholder | Number of Shares Held without Limited Sales Condition | Type of shares | ||||
| Type of Shares | Number | |||||
| Fu Liquan | 247,345,470 | RMB common stock | 247,345,470 | |||
| Hong Kong Securities Clearing Co. Ltd. | 133,734,769 | RMB common stock | 133,734,769 | |||
| Zhu Jiangming | 46,615,373 | RMB common stock | 46,615,373 | |||
| China Securities Finance Co., Ltd. | 39,611,241 | RMB common stock | 39,611,241 | |||
| Central Huijin Asset Management Co., Ltd. | 31,448,750 | RMB common stock | 31,448,750 | |||
| Shanghai Greenwoods Asset Management Co., Ltd. - Greenwoods Global Fund | 28,978,386 | RMB common stock | 28,978,386 | |||
| Zhejiang Dahua Technology Co., Ltd. - Phase III Employee Stock Ownership Plan | 26,247,928 | RMB common stock | 26,247,928 | |||
| Four One Eight Combination of National Social Security Fund | 20,554,300 | RMB common stock | 20,554,300 | |||
| Fidelity Investments Management (Hong Kong) Limited - funds of customers | 20,202,093 | RMB common stock | 20,202,093 | |||
| BOC - Core Growth Stock Type Security Investment Fund of China International Fund Management | 19,746,291 | RMB common stock | 19,746,291 | |||
| Description of the Association Relationship or Concerted Action of Above-mentioned Shareholders | Mr. Fu Liquan And Ms. Chen Ailing Are Husband And Wife. The Company Is Unaware Of Whether Other Shareholders Have Associated Relationship Or Are Persons Acting In Concert. | |||||
| Explanation On Top Ten Shareholders’ Participation In Securities Margin Trading (If Any) | N/A | |||||
Whether the Company’s top ten common shareholders or top ten common shareholders without limited shares agree onany repurchase transaction in the reporting period
□ Yes √ No
None of the Company's top ten common shareholders or top ten common shareholders without limited shares agreed onrepurchase in the reporting period.
2. The total number of the preferred shareholders and the shareholdings of the top 10 preferredshareholders
□ Applicable √ Not applicable
Section III Significant EventsI. The Changes in Major Financial Data and Financial Indicators in the CurrentReporting Period and the Reasons
√ Applicable □ Not applicable
i. The changes of assets and liabilities and the reasons
1. The notes receivable are decreased by 58.72 % compared with the beginning of this year, which is mainly caused bythe decrease of settlement of notes sold in the current reporting period;
2. The prepayments are increased by 31.49% compared with the beginning of this year, which is mainly caused by theincrease of prepayments for raw materials in the current reporting period;
3. The interest receivable is increased by 121.11% compared with the beginning of this year, which is mainly caused by theincrease of fixed deposits;
4. The inventory is increased by 33.6% compared with the beginning of this year, which is mainly caused by the expansionof the Company’s sales scale and the increase of stock;
5. The available-for-sale financial assets are decreased by 100% compared with the beginning of this year, which is mainlycaused by that the Company adjusted the items previously listed as available-for-sale financial assets to other non-currentfinancial assets due to the implementation of the new standards for financial instruments from 2019;
6. The long-term receivables are increased by 40.44% compared with the beginning of this year, which is mainly caused bythe acceptance of goods sold with payment by installments;
7. Other non-current financial assets are increased by 100% compared with the beginning of this year, which is mainlycaused by that the Company adjusted the items previously listed as available-for-sale financial assets to other non-currentfinancial assets due to the implementation of the new standards for financial instruments from 2019;
8. The construction in progress is increased by 53.62% compared with the beginning of this year, which is mainly causedby the increase of investment in the Phase II construction of the smart manufacturing base in Hangzhou and the R&D andindustrialization of the smart IoT solutions;
9. The goodwill is decreased by 61.1% compared with the beginning of this year, which is mainly caused by the provisionfor the impairment of assets set aside in this reporting period;
10. The short-term loans are increased by 37.11% compared with the end of the previous year, which is mainly caused bythe increase of borrowings from banks in this period;
11. The financial liabilities at fair value through profit or loss of the current period are decreased by 100% compared withthe end of the previous year, which is mainly caused by that the Company adjusted the items previously listed as financialliabilities at fair value through profit or loss of the current period to trading financial liabilities due to the implementation ofthe new standards for financial instruments from 2019;
12. The payments received in advance are increased by 47.89% compared with the end of the previous year, which ismainly caused by the business growth of the Company;
13. The taxes payable are decreased by 35.62% compared with the end of the previous year, which is mainly caused bythe decrease of value-added tax and the corporate income tax payable at the end of this period;
14. The interest payable is increased by 132.09% compared with the end of the previous year, which is mainly caused bythe increase of borrowings from banks in this period;
15. The dividend payable is increased by 100% compared with the end of the previous year, which is mainly caused bythat the dividend of restricted shares was not released;
16. The estimated liabilities are increased by 45.44% compared with the beginning of this year, which is mainly caused bythe increase of estimated fees for after-sales maintenance of products;
17. The deferred income is increased by 42.72% compared with the beginning of this year, which is mainly caused by thereceiving of the special subsidy rewards for the Dahua Smart (IoT) Industrial Park;
18. Other comprehensive income is decreased by 52.49% compared with the end of the previous year, which is mainlycaused by the decrease of exchange differences from the translation of foreign currency statements;ii. The changes of items in the income statement and the reasons
1. The expenses for R&D saw a year-on-year rise of 33.79%, which is mainly caused by the increased input of theCompany in R&D;
2. The financial expenses saw a year-on-year rise of 58.57%, which is mainly caused by the decrease of exchange gainsin this period;
3. Other income saw a year-on-year rise of 32.76%, which is mainly caused by the increase of government subsidiesrecorded as other income;
4. The investment income saw a year-on-year rise of 124.79%, which is mainly caused by the decrease of investmentlosses of associates confirmed with the equity method in this period;
5. The fair value gains/ (losses) saw a year-on-year rise of 159.22%, which is mainly caused by the changes of the fairvalue from foreign exchange hedging business;
6. The credit impairment losses saw a year-on-year rise of 100%, which is mainly caused by the implementation of thenew standards for financial instruments from 2019;
7. The asset impairment losses saw a year-on-year drop of 39.51%, which is mainly caused by the implementation of thenew standards for financial instruments from 2019 and the provision for the goodwill impairment;
8. The income from the disposal of assets saw a year-on-year rise of 2281.89%, which is mainly caused by the increase ofincome from the disposal of fixed assets in this period;
9. The non-operating income saw a year-on-year drop of 53.72%, which is mainly caused by the decrease of governmentsubsidies recorded as non-operating income in this period;
10. The non-operating expenses saw a year-on-year drop of 32.33%, which is mainly caused by the decrease of lossesfrom the disposal of fixed assets in this period;iii. The changes of items in the cash flow statement and the reasons
1. The net amount of cash flow generated by the business activities saw a year-on-year rise of 67.71%, which is mainlycaused by the Company’s enhanced management of receivables and the increase of payments recovered;
2. The net amount of cash flow generated by fund-raising activities saw a year-on-year drop of 69.91%, which is mainlycaused by the increase of repaid loans.II. Progress of Significant Events and the Analysis of Its Influence and Solutions
√ Applicable □ Not applicable
1. On 24 January 2017, the Company's holding sub-subsidiary South North United Information Technology Co., Ltd.and its wholly-owned subsidiary Zhejiang Dahua System Engineering Co., Ltd. signed a Cooperation Agreement on PPPInvestment in Safe City Project of Shache County with the People's Government of Shache County in Kashgar, Xinjiang,which is just a framework agreement on the PPP project. The agreement stipulates that the service content is thepre-feasibility study of the project and the design of the project, etc. For the implementation of the specific project, it stillneeds to fulfill related decision-making and approval procedures, such as government procurement.On 21 July 2017, the Company received the Notification of Award issued by the project purchasing unit, whichconfirmed that the wholly-owned subsidiary Zhejiang Dahua System Engineering Co., Ltd. (the consortium leader), withthe holding sub-subsidiary South North United Information Technology Co., Ltd. (member of the consortium) was thewinning bidder for the Safe City Construction Project (PPP) in Shache County. The winning bid amount of the project isRMB 4,314,790,000 (the final amount is based on the signed contract), which is the total amount for construction andoperation within 10 years project cooperation period.On 4 August 2017, the Company's 34th session of the 5th Board of Directors' meeting reviewed and approved theProposal on Investing to Establish a PPP Project Company in Shache County, Xinjiang, and the Company submitted a bidbased on the requirements for the Shache County City Construction Project (PPP). The winning consortium jointly fundedthe establishment of the project company, with a registered capital of RMB 335,567,200. Among them, Zhejiang DahuaSystem Engineering Co., Ltd. contributed RMB 234,897,040, accounting for 70% of the total contribution; South NorthUnited Information Technology Co., Ltd. contributed RMB 100,670,160, accounting for 30%. In August 2017, the projectcompany was established and the name of the company approved by the industrial and commercial bureau was XinjiangDahua Xinzhi Information Technology Co., Ltd.On 18 April 2018, the winning bidder received the requirements of Shache Public Security Bureau to stopimplementation of Safe City Construction Project (PPP) in Shache County. Near a half of the construction progress in theproject construction period has been completed, but no expenses for subsequent equipment replacement, operation andmaintenance have been incurred. The actual investment in the construction period will be further accounted andconfirmed with the government.The various activities and construction of this project engaged in by the winning bidder are in compliance with therequirements in PPP-related laws and regulations, but the risk exists that the project will not be furthered and theidentifiable income of the Company in the future may be reduced. The Company will actively cooperate with relevantgovernment departments in their work, and timely perform the obligation of information disclosure in accordance with thesubsequent progress of the project and the provisions in relevant laws and regulations and the Articles of Association.
2. On 16 May 2017 , the Company's 2016 Annual General Meeting of Shareholders reviewed and approved theZhejiang Dahua Technology Co., Ltd. Phase III Employee Stock Ownership Plan (Draft) and its summary, and decided toimplement the Phase III Employee Stock Ownership Plan. On 1 June 2017, the Company's Phase III Employee Stock
Ownership Plan completed the purchase of the shares through the Caitong Securities Asset Management Dahua No. 3Directed Asset Management Plan, with an average purchase price of RMB16.83 per share and a purchase volume of47,000,000 shares.On November 12, 2018, the Company's 18th meeting of the 6th Board of Directors reviewed and approved "theSuggestive Proposal on Extension of the Impending Expiration of the Company's Third Employee Stock Ownership PlanDuration". The Board of Directors agreed to extend the Company's third employee stock ownership plan for one yearaccording to the voting results of the shareholders' meeting. That is, the duration was extended for one additional year onthe basis of the original termination date, until May 15, 2020.
3. On December 27, 2018, the Company's 5th interim shareholders' meeting in 2018 reviewed and approved the"Proposal on Buy-back and Cancellation of Some Granted but Unlocked Restricted Stocks" and agreed to buy back andcancel restricted shares held by the incentive targets who have left the Company and one deceased personnel. Thebuy-back price was RMB 8.17 per share, the same as the granting price, and the registered capital was reducedaccordingly. The aforesaid repurchase and cancellation had been accomplished on March 4, 2019 and the industrial andcommercial registration of changes had been accomplished on April 15, 2019.
4. On June 5, 2019, the first extraordinary shareholders’ meeting reviewed and approved the Proposal on the PublicOffering of Convertible Corporate Bonds and the Feasibility Study Report on the Employment of Funds Raised by thePublicly Offered Convertible Corporate Bonds. (For more details, please see the announcements numbered 2019-030and 2019-038 published on Securities Times and www.cninfo.com.cn)
5. On July 29, 2019, the Company's 23rd session of the 6th Board of Directors' meeting reviewed and approved theProposal on Giving up the Shareholding Company's Right to Increase Capital with the Same Percentage andRelated-party Transactions. It is agreed to give up the right of Jinhua CRRC Smart IoT New Energy Industry InvestmentCenter (limited partnership) to increase the capital of Zhejiang Leapmotor Technology Co., Ltd. with the same percentage.The total amount of related-party transactions involved in giving up the right to increase the capital with the samepercentage is RMB 58,752,000. The change of industrial and commercial registrations for the above matter wascompleted in August 2019.
6. On July 29, 2019, the Company's 23rd session of the 6th Board of Directors' meeting reviewed and approved theProposal on Increasing Capital in Holding Subsidiaries and Related-party Transactions. The Company and the relatedparty Zhejiang Huashi Investment Management Co., Ltd. increased capital in the holding subsidiary Zhejiang DahuaRobot Technology Co., Ltd. with the same percentage. The Company would complete a capital increase of RMB 40.8million with its own funds and the related party Zhejiang Huashi Investment Management Co., Ltd. would complete acapital increase of RMB 39.2 million. After the capital increase, the registered capital of Zhejiang Dahua Robot TechnologyCo., Ltd. would increase from RMB 50 million to RMB 130 million. The change of industrial and commercial registrationsfor the above matter was completed in August 2019.
7. On September 6, 2019, the Company's 25th session of the 6th Board of Directors' meeting reviewed and approvedthe Proposal on Granting Reserved Restricted Stocks to Incentive Targets. It was agreed to grant 11,380,400 reservedrestricted shares to 789 eligible incentive targets at the price of RMB 8.75 per share. The matter is still in progress.
| Overview of the Significant Events | Date of Disclosure | Indexes for the Inquiry of Websites Disclosing the |
| Provisional Reports | ||
| The Announcement on the Signing of a Framework Agreement by a Subsidiary for a PPP Project | January 26, 2017 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Indicative Announcement on the Publicity of the Pre-awarding of the Bid for a PPP Project to a Subsidiary | July 18, 2017 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on Establishing a PPP Project Company in Shache County | August 07, 2017 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on the Progress of the PPP Project of a Subsidiary | 18 April 2018 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on the Resolutions made on the 2016 Annual General Meeting of Shareholders | May 17, 2017 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on the Accomplishment of the Purchase for the Phase III ESOP | June 02, 2017 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Indicative Announcement on the Expiration of the Phase III ESOP and the Announcement on the Extension | November 13, 2018 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement of Resolutions at the Fifth Extraordinary General Meeting of 2018 | December 28, 2018 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on the Accomplishment of the Repurchase and Cancellation of Part of Restricted Shares | March 06, 2019 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on the Proposal on the Public Offering of Convertible Corporate Bonds | May 18, 2019 | Juchao Information Website http://www.cninfo.com.cn/ |
| Announcement of Resolutions at the First Extraordinary General Meeting of 2019 | June 06, 2019 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on Giving up the Shareholding Company's Right to Increase Capital with the Same Percentage and Related Transactions, and the Capital Increase in a Holding Subsidiary and the Related Transaction | July 30, 2019 | Juchao Information Website http://www.cninfo.com.cn/ |
| The Announcement on Granting the Reserved Restricted Stocks to Incentive Targets | September 07, 2019 | Juchao Information Website http://www.cninfo.com.cn/ |
The progress on share buy-back
√ Applicable □ Not applicable
The Company plans to buy back some shares with the funds raised by itself through centralized competitive bidding.The total amount of funds for the repurchase shall not be lower than RMB 200 million (inclusive) and higher than RMB 400million (inclusive). The price of the repurchase shall not exceed RMB 25.37 per share (inclusive). Calculated according tothe purchase price and the upper limit for the repurchase, it’s estimated to buy back 15,766,653 shares. The repurchased
shares will make up 0.53% of the current total share capital of the Company. The specific amount of repurchased sharesand the proportion in the total share capital of the Company shall be subject to the actually repurchased number of sharesand the actual proportion when the period of repurchase expires. The period for the implementation of repurchase shall be12 months from the day the Board of Directors reviews and approves the repurchase scheme.As of September 30, 2019, the Company bought back 13,182,480 shares with its special securities account throughcentralized competitive bidding, which made up 0.4398% of the total share capital of the Company. The highesttransaction price was RMB 17.88 per share and the lowest transaction price was RMB 12.9 per share. The total amount oftransactions was RMB 199,993,812.44 (not including the transaction expenses). The Announcement on the Scheme forthe Repurchase of Shares (Announcement No.: 2019-025) and the Announcement on the Progress of the Repurchase ofShares (Announcement No.: 2019-063) had been respectively published on Securities Times and www.cninfocom.cn onApril 26, 2019 and October 10, 2019.The progress on reduction of re-purchase shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments made by the Company's actual controllers, shareholders, relatedparties, purchasers and purchasing companies having not been fulfilled during thereporting period
□ Applicable √ Not applicable
During this reporting period, there is no commitment made by the Company's actual controllers, shareholders, relatedparties, purchasers and purchasing companies having not been fulfilled during the reporting period.IV. Estimation of Business Performance in 2019The estimated business performance in 2019: the net profit attributable to the shareholders of the listed company shall bepositive and the circumstance shall not be turning losses into profits.
| The fluctuation range of the net profit attributable to the shareholders of the listed company in 2019 | 15% | to | 30% |
| The range of changes in the net profit attributable to the shareholders of the listed company in 2019 (Unit: RMB 10,000) | 290,884.05 | to | 328,825.45 |
| The net profit attributable to the shareholders of the listed company in 2018 (Unit: RMB 10,000) | 252,942.65 | ||
| Note for the changes | The Company expanded its sales scale so that the operating income increased. It’s estimated that the net profit attributable to the owners of the parent company will increase 15%-30% compared with the same period of the previous year. | ||
V. Financial Assets at Fair Value
√ Applicable □ Not applicable
(in RMB, except per share data, unaudited)
| Asset Class | Initial Investment Cost | Changes in Fair Value Gains and Losses in the Current Period | Cumulative Fair Value Changes in Equity | Amount Purchased during the Reporting Period | Amount Sold during the Reporting Period | Cumulative Investment Income | Amount at the End of the Period | Capital Source |
| Financial Derivatives | 38,409,531.36 | -8,457,380.12 | 17,285.33 | Equity Fund | ||||
| Other Non-current Financial Assets | 82,970,227.00 | 1,000,000.00 | 83,970,227.00 | Equity Fund | ||||
| Total | 82,970,227.00 | 38,409,531.36 | - | 1,000,000.00 | - | -8,457,380.12 | 83,987,512.33 | -- |
VI. Illegal external guarantees
□ Applicable √ Not applicable
No illegal external guarantees during the reporting period.VII. Non-operational Capital Occupation over Listed Companies by ControllingShareholders and Their Related Parties
□ Applicable √ Not applicable
During the reporting period, there is no non-operational capital occupation over listed companies by controllingshareholders and their related parties.
VIII. Entrusted Financing
□ Applicable √ Not applicable
No such case as entrusted financing during the reporting period.
IX. Registration Form for reception of research, communication, interviews and otheractivities during the reporting period
√ Applicable □ Not applicable
| Reception Time | Reception Method | Reception Target Type | Index of the Basic Information of Research |
| August 19, 2019 | Field Investigation | Institution | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
| September 05, 2019 | Field Investigation | Institution | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
| September 10, 2019 | Field Investigation | Institution | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
| September 12, 2019 | Field Investigation | Institution | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
| September 25, 2019 | Field Investigation | Institution | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
| September 26, 2019 | Field Investigation | Institution | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
| September 27, 2019 | Field Investigation | Institution | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
Section IV Financial StatementsI. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
September 30, 2019
Unit: RMB
| Item Name | September 30, 2019 | December 31, 2018 |
| Current Assets: | ||
| Monetary Funds | 3,555,362,285.14 | 4,160,153,847.06 |
| Deposit Reservation for Balance | ||
| Loans to Banks and Other Financial Institutions | ||
| Trading Financial Assets | 17,285.33 | |
| Financial Liabilities at Fair Value through Profit or Loss | ||
| Derivative Financial Assets | ||
| Bills Receivable | 984,721,517.63 | 2,385,693,417.06 |
| Accounts Receivable | 11,640,177,341.20 | 10,191,372,777.38 |
| Receivables Financing | ||
| Prepayments | 166,849,691.46 | 126,891,259.00 |
| Premium Receivable | ||
| Reinsurance Accounts Receivable | ||
| Reinsurance Contract Reserves Receivable | ||
| Other Receivables | 426,864,058.06 | 398,170,769.40 |
| Including: Interest Receivable | 14,936,130.62 | 6,754,941.00 |
| Dividends Receivable | ||
| Buying Back the Sale of Financial Assets | ||
| Inventory | 4,055,505,530.21 | 3,035,579,709.14 |
| Contract Assets | ||
| Holding for-sale Assets |
| Non-current Assets Due within 1 Year | 613,378,258.93 | 578,733,057.27 |
| Other Current Assets | 457,394,009.91 | 402,255,078.05 |
| Subtotal of Current Assets | 21,900,269,977.87 | 21,278,849,914.36 |
| Non-current Assets: | ||
| Granting of Loans and Advances | ||
| Investment in Creditor's Rights | ||
| Financial Assets Available for Sale | 82,970,227.00 | |
| Investment in Other Creditor's Rights | ||
| Held-to-maturity Investments | ||
| Long-term Receivables | 2,614,251,641.17 | 1,861,485,568.28 |
| Long-term Equity Investment | 144,938,239.50 | 185,872,021.58 |
| Investment in Other Equity Instruments | ||
| Other Non-current Financial Assets | 83,970,227.00 | |
| Investment Property | 340,065,865.90 | 346,831,376.55 |
| Fixed Assets | 1,438,234,576.53 | 1,407,471,330.83 |
| Projects under Construction | 347,473,416.43 | 226,191,587.11 |
| Productive Biological Assets | ||
| Oil and Gas Assets | ||
| Right-of-use Assets | ||
| Intangible Assets | 406,236,409.84 | 372,467,409.09 |
| Development Expenditure | ||
| Goodwill | 42,685,490.30 | 109,745,412.21 |
| Long-term Prepaid Expenses | 36,297,838.89 | 37,117,918.55 |
| Deferred Income Tax Assets | 549,812,365.04 | 425,319,406.98 |
| Other Non-current Assets | 15,912,465.02 | 16,277,605.61 |
| Subtotal of Non-current Assets | 6,019,878,535.62 | 5,071,749,863.79 |
| Total Assets | 27,920,148,513.49 | 26,350,599,778.15 |
| Current Liabilities: | ||
| Short-term Loan | 2,538,910,516.82 | 1,851,709,561.83 |
| Borrowings from Banks and Other Financial Institutions | ||
| Borrowing Funds |
| Transactional Financial Liabilities | ||
| Financial Liabilities Measured in Fair Value with Changes Recorded into Current Profit and Loss | 38,602,602.30 | |
| Derivative Financial Liabilities | ||
| Notes Payable | 3,021,145,396.58 | 3,671,586,104.79 |
| Accounts Payable | 3,659,476,898.05 | 3,789,729,594.20 |
| Received Pre-payments | 507,720,321.19 | 343,297,891.20 |
| Contract Liabilities | ||
| Financial Assets Sold for Repurchase | ||
| Deposit Taking and Interbank Deposit | ||
| Receiving from Vicariously Traded Securities | ||
| Receiving from Vicariously Sold Securities | ||
| Payroll Payable | 1,149,454,546.49 | 1,124,358,611.94 |
| Tax Payable | 385,966,669.10 | 599,478,049.81 |
| Other Payables | 1,144,866,260.63 | 1,051,537,094.97 |
| Including: Interest Payable | 11,012,979.60 | 4,745,203.31 |
| Dividends Payable | 9,882,284.31 | |
| Service Charge and Commission Payable | ||
| Reinsurance Accounts Payable | ||
| Holding for-sale Liabilities | ||
| Non-current Liabilities Due within 1 Year | 25,500,000.00 | 25,500,000.00 |
| Other Current Liabilities | 68,857,756.46 | 70,845,639.51 |
| Subtotal of Current Liabilities | 12,501,898,365.32 | 12,566,645,150.55 |
| Non-current Liabilities: | ||
| Insurance Contract Reserves | ||
| Long-term Loans | 154,000,000.00 | 179,000,000.00 |
| Bonds Payable | ||
| Including: Preferred Stocks | ||
| Perpetual Bonds | ||
| Lease Liabilities | ||
| Long-term Payables |
| Long-term Payroll Payable | ||
| Expected Liabilities | 281,814,316.19 | 193,761,170.12 |
| Deferred Income | 83,769,065.79 | 58,693,533.40 |
| Deferred Income Tax Liabilities | 52,879,417.75 | 50,137,969.76 |
| Other Non-current Liabilities | 432,267,970.17 | 399,096,280.89 |
| Subtotal of Non-current Liabilities | 1,004,730,769.90 | 880,688,954.17 |
| Total Liabilities | 13,506,629,135.22 | 13,447,334,104.72 |
| Shareholders' Equity: | ||
| Share Capital | 2,997,577,730.00 | 2,997,621,930.00 |
| Other Equity Instruments | ||
| Including: Preferred Stocks | ||
| Perpetual Bonds | ||
| Capital Reserves | 1,630,363,003.50 | 1,501,180,862.83 |
| Less: Treasury Share | 997,484,000.13 | 807,733,586.00 |
| Other Comprehensive Incomes | 4,911,148.57 | 10,337,164.41 |
| Special Reserves | ||
| Surplus Reserves | 1,246,369,430.91 | 1,246,369,430.91 |
| General Risk Reserves | ||
| Undistributed Profits | 9,248,573,870.14 | 7,670,983,116.33 |
| Total Shareholders' Equity Attributable to the Parent Company | 14,130,311,182.99 | 12,618,758,918.48 |
| Minority Shareholders' Equity | 283,208,195.28 | 284,506,754.95 |
| Total Shareholders' Equity | 14,413,519,378.27 | 12,903,265,673.43 |
| Total Liabilities and Shareholders' Equity | 27,920,148,513.49 | 26,350,599,778.15 |
Legal representative: Fu Liquan Person in charge of accounting: Wei Meizhong Person in charge of the accounting institution: Xu Qiaofen
2. Balance Sheet of the Parent Company
Unit: RMB
| Item Name | September 30, 2019 | December 31, 2018 |
| Current Assets: | ||
| Monetary Funds | 330,071,832.60 | 611,190,236.01 |
| Trading Financial Assets | ||
| Financial Liabilities at Fair Value through Profit or Loss | ||
| Derivative Financial Assets | ||
| Bills Receivable | 1,026,955,892.42 | 952,572,702.92 |
| Accounts Receivable | 7,513,721,266.56 | 4,598,575,923.04 |
| Receivables Financing | ||
| Prepayments | 28,184,602.91 | 26,772,044.53 |
| Other Receivables | 5,651,042,209.33 | 6,954,655,863.03 |
| Including: Interest Receivable | 42,500.00 | |
| Dividends Receivable | ||
| Inventory | 161,553,679.53 | 120,181,267.85 |
| Contract Assets | ||
| Holding for-sale Assets | ||
| Non-current Assets Due within 1 Year | 52,617,709.38 | 50,793,137.80 |
| Other Current Assets | 20,231,057.09 | 24,858,982.78 |
| Subtotal of Current Assets | 14,784,378,249.82 | 13,339,600,157.96 |
| Non-current Assets: | ||
| Investment in Creditor's Rights | ||
| Financial Assets Available for Sale | 80,496,000.00 | |
| Investment in Other Creditor's Rights | ||
| Held-to-maturity Investments | ||
| Long-term Receivables | 152,892,829.05 | 160,299,143.83 |
| Long-term Equity Investment | 3,098,023,447.28 | 3,001,639,428.55 |
| Investment in Other Equity Instruments | ||
| Other Non-current Financial Assets | 81,496,000.00 | |
| Investment Property | 177,163,871.17 | 183,321,198.72 |
| Fixed Assets | 540,586,053.61 | 496,363,638.38 |
| Projects under Construction | 160,030,464.52 | 151,072,585.67 |
| Productive Biological Assets | ||
| Oil and Gas Assets | ||
| Right-of-use Assets |
| Intangible Assets | 160,216,246.15 | 170,879,747.04 |
| Development Expenditure | ||
| Goodwill | ||
| Long-term Prepaid Expenses | 26,419,041.10 | 28,927,258.54 |
| Deferred Income Tax Assets | 103,154,140.46 | 40,821,902.57 |
| Other Non-current Assets | 10,131,863.77 | 929,380.00 |
| Subtotal of Non-current Assets | 4,510,113,957.11 | 4,314,750,283.30 |
| Total Assets | 19,294,492,206.93 | 17,654,350,441.26 |
| Current Liabilities: | ||
| Short-term Loan | 1,920,000,000.00 | 1,380,000,000.00 |
| Transactional Financial Liabilities | ||
| Financial Liabilities Measured in Fair Value with Changes Recorded into Current Profit and Loss | ||
| Derivative Financial Liabilities | ||
| Notes Payable | 291,520,667.91 | 175,647,414.85 |
| Accounts Payable | 439,832,886.75 | 889,881,485.16 |
| Received Pre-payments | 54,444,778.18 | 80,361,211.04 |
| Contract Liabilities | ||
| Payroll Payable | 812,472,308.49 | 817,723,936.19 |
| Tax Payable | 197,359,387.30 | 351,294,836.50 |
| Other Payables | 1,179,861,000.96 | 1,060,909,330.56 |
| Including: Interest Payable | 9,340,854.19 | 2,416,340.30 |
| Dividends Payable | 9,882,284.31 | |
| Holding for-sale Liabilities | ||
| Non-current Liabilities Due within 1 Year | ||
| Other Current Liabilities | 5,924,816.39 | 6,464,333.12 |
| Subtotal of Current Liabilities | 4,901,415,845.98 | 4,762,282,547.42 |
| Non-current Liabilities: | ||
| Long-term Loans | ||
| Bonds Payable | ||
| Including: Preferred Stocks |
| Perpetual Bonds | ||
| Lease Liabilities | ||
| Long-term Payables | ||
| Long-term Payroll Payable | ||
| Expected Liabilities | 3,316,774.63 | 3,396,100.00 |
| Deferred Income | ||
| Deferred Income Tax Liabilities | ||
| Other Non-current Liabilities | 17,972,406.39 | 23,684,423.74 |
| Subtotal of Non-current Liabilities | 21,289,181.02 | 27,080,523.74 |
| Total Liabilities | 4,922,705,027.00 | 4,789,363,071.16 |
| Shareholders' Equity: | ||
| Share Capital | 2,997,577,730.00 | 2,997,621,930.00 |
| Other Equity Instruments | ||
| Including: Preferred Stocks | ||
| Perpetual Bonds | ||
| Capital Reserves | 1,618,513,539.89 | 1,497,801,068.88 |
| Less: Treasury Share | 997,484,000.13 | 807,733,586.00 |
| Other Comprehensive Incomes | ||
| Special Reserves | ||
| Surplus Reserves | 1,246,369,430.91 | 1,246,369,430.91 |
| Undistributed Profits | 9,506,810,479.26 | 7,930,928,526.31 |
| Total Shareholders' Equity | 14,371,787,179.93 | 12,864,987,370.10 |
| Total Liabilities and Shareholders' Equity | 19,294,492,206.93 | 17,654,350,441.26 |
3. Consolidated Income Statement of This Reporting Period
Unit: RMB
| Item Name | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
| I. Total Operating Revenue | 5,621,668,726.34 | 5,216,687,713.72 |
| Including: Operating Revenue | 5,621,668,726.34 | 5,216,687,713.72 |
| Interest Income |
| Earned Premiums | ||
| Service Charge and Commission Income | ||
| II. Total Operating Cost | 5,191,296,726.66 | 4,887,081,096.07 |
| Including: Operating Cost | 3,253,454,590.62 | 3,333,731,189.72 |
| Interest Expenditures | ||
| Service Charge and Commission Expenses | ||
| Surrender Value | ||
| Net Claims Paid | ||
| The Net Amount Withdrawn for Insurance Liability Reserves | ||
| Policyholder Dividend Expense | ||
| Reinsurance Cost | ||
| Taxes and Surcharges | 37,126,748.19 | 41,313,194.06 |
| Sales Expenses | 1,000,254,942.06 | 823,964,851.51 |
| Management Fees | 212,675,785.58 | 208,144,671.11 |
| Research and Development Expense | 777,438,286.97 | 646,771,713.83 |
| Financial Expenses | -89,653,626.76 | -166,844,524.16 |
| Including: Interest Expenses | 34,207,254.30 | 29,722,966.77 |
| Interest Income | 54,494,942.28 | 29,379,494.71 |
| Add: Other Income | 194,077,637.71 | 182,833,069.63 |
| Investment Income (Mark "-" for Loss) | 18,610,281.21 | -31,254,782.85 |
| Including: Investment Income from Affiliates and Joint Ventures | -60,323.75 | -6,657,627.72 |
| Profits from Recognition Termination of Financial Assets at Amortized Cost | ||
| Exchange Gains (Mark "-" for Losses) | ||
| Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
| Incomes from Changes in Fair Value (Losses Marked with "-") | -7,039,656.80 | -23,528,521.97 |
| Credit Impairment Losses (Mark "-" for Loss) | -51,555,026.88 | |
| Asset Impairment Losses (Mark "-" for Loss) | -1,503,079.62 | -37,475,609.41 |
| Asset Disposal Income (Mark "-" for Loss) | -30,929.16 | 30,560.71 |
| III. Operating Profit (Mark "-" for Loss) | 582,931,226.14 | 420,211,333.76 |
| Add: Non-operating Incomes | 3,152,484.26 | 19,971,732.76 |
| Less: Non-operating Expenses | 352,012.78 | 330,608.26 |
| IV. Total Profit (Mark "-" for Total Loss) | 585,731,697.62 | 439,852,458.26 |
| Less: Income Tax Expense | -40,088,484.83 | -47,525,102.25 |
| V. Net Profit (Mark "-" for Net Loss) | 625,820,182.45 | 487,377,560.51 |
| i. Classified by operation continuity | ||
| 1. Net Profit as a Going Concern (Mark "-" for Net Loss) | 625,820,182.45 | 487,377,560.51 |
| 2. Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
| ii. Classified by the Attribution of Ownership | ||
| 1. Net Profit Attributable to the Parent Company's Owner | 638,471,475.06 | 481,764,501.06 |
| 2. Minority Shareholders' Profit and Loss | -12,651,292.61 | 5,613,059.45 |
| VI. Net Amount of Other Comprehensive Incomes after Tax | -4,707,760.24 | -10,629,067.12 |
| Net Amount of Other Comprehensive Incomes After Tax Attributable to the Parent Company's Owner | -4,707,760.24 | -10,629,067.12 |
| (1) Other comprehensive Income that cannot be Reclassified as P/L | ||
| 1. Re-measure the Variation of the Defined Benefit Plan | ||
| 2. Other Comprehensive Income that cannot be Transferred to P/L under the Equity Method | ||
| 3. Changes in the Fair Value of Investment in Other Equity Instruments | ||
| 4. Changes in the Fair Value of the Credit Risk of the Enterprise | ||
| 5. Others | ||
| (2) Other Comprehensive Income that will be Reclassified as P/L | -4,707,760.24 | -10,629,067.12 |
| 1. Other Comprehensive Income that can be Transferred to P/L under the Equity Method | ||
| 2. Changes in the Fair Value of Investment in Other Creditor's Rights | ||
| 3. Profit or Loss Arising from Changes in the Fair Value of Financial Assets Available for Sale | ||
| 4. Financial Assets Reclassified into Other Comprehensive Income | ||
| 5. Profit or Loss Arising from Reclassifying Investments Held |
| to Maturity as Financial Assets Available for Sale | ||
| 6. Provisions for the Credit Impairment of Investment in Other Creditor's Rights | ||
| 7. Cash Flow Hedge Reserves | ||
| 8. Currency Translation Difference | -4,707,760.24 | -10,629,067.12 |
| 9. Others | ||
| Net Amount of Other Comprehensive Incomes After Tax Attributable to Minority Shareholders | ||
| VII. Total Comprehensive Income | 621,112,422.21 | 476,748,493.39 |
| Total Comprehensive Income Attributable to the Parent Company's Owner | 633,763,714.82 | 471,135,433.94 |
| Total Comprehensive Income Attributable to Minority Shareholders | -12,651,292.61 | 5,613,059.45 |
| VIII. Earnings per Share: | ||
| (I) Basic Earnings per Share | 0.22 | 0.17 |
| (II) Diluted Earnings per Share | 0.22 | 0.17 |
Legal representative: Fu Liquan Person in charge of accounting: Wei Meizhong Person in charge of the accounting institution: Xu Qiaofen
4. Income Statement of the Parent Company in This Reporting Period
Unit: RMB
| Item Name | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
| I. Operating Revenue | 2,083,600,346.73 | 1,792,844,785.59 |
| Less: Operating Cost | 214,105,635.09 | 287,661,878.89 |
| Taxes and Surcharges | 27,934,138.20 | 22,733,401.39 |
| Sales Expenses | 484,641,161.29 | 488,743,169.47 |
| Management Fees | 130,526,564.44 | 99,149,898.12 |
| Research and Development Expense | 649,266,390.42 | 589,456,757.42 |
| Financial Expenses | 1,735,618.92 | 5,462,603.59 |
| Including: Interest Expenses | 22,964,335.86 | 8,996,914.10 |
| Interest Income | 21,446,503.60 | 4,962,437.30 |
| Add: Other income | 133,795,590.92 | 171,234,834.51 |
| Investment Income (Mark "-" for Loss) | 1,217,993.97 | -6,657,627.72 |
| Including: Investment Income from Affiliates and Joint Ventures | 145,189.01 | -6,657,627.72 |
| Profits from Recognition Termination of Financial Assets at Amortized Cost | ||
| Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
| Incomes from Changes in Fair Value (Losses Marked with "-") | ||
| Credit Impairment Losses (Mark "-" for Loss) | -5,976,465.73 | |
| Asset Impairment Losses (Mark "-" for Loss) | 44,895,002.92 | |
| Asset Disposal Income (Mark "-" for Loss) | 21,718.55 | |
| II. Operating Profit (Mark "-" for Loss) | 704,427,957.53 | 509,131,004.97 |
| Add: Non-operating Incomes | 2,290,786.72 | 17,831,075.48 |
| Less: Non-operating Expenses | 128,305.79 | 245,021.42 |
| III. Total Profit (Mark "-" for Total Loss) | 706,590,438.46 | 526,717,059.03 |
| Less: Income Tax Expense | -42,457,832.18 | -110,393,938.26 |
| IV. Net Profit (Mark "-" for Net Loss) | 749,048,270.64 | 637,110,997.29 |
| (I) Net Profit as a Going Concern (Mark "-" for Net Loss) | 749,048,270.64 | 637,110,997.29 |
| (II) Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
| V. Net Amount of Other Comprehensive Incomes After Tax | ||
| (1) Other Comprehensive Income that cannot be Reclassified as P/L | ||
| 1. Re-measure the Variation of the Defined Benefit Plan | ||
| 2. Other Comprehensive Income that cannot be Transferred to P/L under the Equity Method | ||
| 3. Changes in the Fair Value of Investment in Other Equity Instruments | ||
| 4. Changes in the Fair Value of the Credit risk of the Enterprise | ||
| 5. Others | ||
| (2) Other Comprehensive Income that will be Reclassified as P/L | ||
| 1. Other Comprehensive Income that can be Transferred to P/L under the Equity Method | ||
| 2. Changes in the Fair Value of Investment in Other Creditor's |
| Rights | ||
| 3. Profit or Loss Arising from Changes in the Fair Value of Financial Assets Available for Sale | ||
| 4. Financial Assets Reclassified into Other Comprehensive Income | ||
| 5. Profit or Loss Arising from Reclassifying Investments Held to Maturity as Financial Assets Available for Sale | ||
| 6. Provisions for the Credit Impairment of Investment in Other Creditor's Rights | ||
| 7. Cash Flow Hedge Reserves | ||
| 8. Currency Translation Difference | ||
| 9. Others | ||
| VI. Total Comprehensive Income | 749,048,270.64 | 637,110,997.29 |
| VII. Earnings per Share: | ||
| (I) Basic Earnings per Share | 0.26 | 0.22 |
| (II) Diluted Earnings per Share | 0.26 | 0.22 |
5. Consolidated Income Statement from the Beginning of the Year to the End of the ReportingPeriod
Unit: RMB
| Item Name | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
| I. Total Operating Revenue | 16,428,235,097.23 | 15,030,729,066.20 |
| Including: Operating Revenue | 16,428,235,097.23 | 15,030,729,066.20 |
| Interest Income | ||
| Earned Premiums | ||
| Service Charge and Commission Income | ||
| II. Total Operating Cost | 14,841,856,899.77 | 13,544,083,764.70 |
| Including: Operating Cost | 9,696,883,741.65 | 9,563,851,634.78 |
| Interest Expenditures | ||
| Service Charge and Commission Expenses | ||
| Surrender Value |
| Net Claims Paid | ||
| The Net Amount Withdrawn for Insurance Liability Reserves | ||
| Policyholder Dividend Expense | ||
| Reinsurance Cost | ||
| Taxes and Surcharges | 101,317,597.41 | 104,005,456.03 |
| Sales Expenses | 2,539,969,197.39 | 2,076,706,752.34 |
| Management Fees | 559,594,952.94 | 477,344,075.64 |
| Research and Development Expense | 2,022,699,488.74 | 1,511,900,765.92 |
| Financial Expenses | -78,608,078.36 | -189,724,920.01 |
| Including: Interest Expenses | 110,544,575.72 | 78,284,369.59 |
| Interest Income | 135,645,132.09 | 80,171,832.38 |
| Add: Other Income | 620,999,154.79 | 467,750,068.56 |
| Investment Income (Mark "-" for Loss) | 12,919,278.92 | -52,122,659.16 |
| Including: Investment Income from Affiliates and Joint Ventures | -608,947.68 | -32,224,908.63 |
| Profits from Recognition Termination of Financial Assets at Amortized Cost | ||
| Exchange Gains (Mark "-" for Losses) | ||
| Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
| Incomes from Changes in Fair Value (Losses Marked with "-") | 38,409,531.36 | -64,861,287.24 |
| Credit Impairment Losses (Mark "-" for Loss) | -215,236,533.37 | |
| Asset Impairment Losses (Mark "-" for Loss) | -100,277,266.24 | -165,771,631.81 |
| Asset Disposal Income (Mark "-" for Loss) | 417,686.67 | 17,535.97 |
| III. Operating Profit (Mark "-" for Loss) | 1,943,610,049.59 | 1,671,657,327.82 |
| Add: Non-operating Incomes | 11,666,319.32 | 25,206,031.85 |
| Less: Non-operating Expenses | 1,709,111.33 | 2,525,495.61 |
| IV. Total Profit (Mark "-" for Total Loss) | 1,953,567,257.58 | 1,694,337,864.06 |
| Less: Income Tax Expense | 123,084,881.14 | 118,196,431.38 |
| V. Net Profit (Mark "-" for Net Loss) | 1,830,482,376.44 | 1,576,141,432.68 |
| i. Classified by Operation Continuity |
| 1. Net Profit as a Going Concern (Mark "-" for Net Loss) | 1,830,482,376.44 | 1,576,141,432.68 |
| 2. Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
| ii. Classified by the Attribution of Ownership | ||
| 1. Net Profit Attributable to the Parent Company's Owner | 1,877,352,423.80 | 1,563,681,387.58 |
| 2. Minority Shareholders' Profit and Loss | -46,870,047.36 | 12,460,045.10 |
| VI. Net Amount of Other Comprehensive Incomes after Tax | -5,425,937.54 | -2,235,307.10 |
| Net Amount of Other Comprehensive Incomes After Tax Attributable to the Parent Company's Owner | -5,426,015.84 | -2,235,307.10 |
| (1) Other Comprehensive Income that cannot be Reclassified as P/L | ||
| 1. Re-measure the Variation of the Defined Benefit plan | ||
| 2. Other Comprehensive Income that cannot be Transferred to P/L under the Equity Method | ||
| 3. Changes in the Fair Value of Investment in Other Equity Instruments | ||
| 4. Changes in the Fair Value of the Credit Risk of the Enterprise | ||
| 5. Others | ||
| (2) Other Comprehensive Income that will be Reclassified as P/L | -5,426,015.84 | -2,235,307.10 |
| 1. Other Comprehensive Income that can be Transferred to P/L under the Equity Method | ||
| 2. Changes in the Fair Value of Investment in Other Creditor's Rights | ||
| 3. Profit or Loss Arising from Changes in the Fair Value of Financial Assets Available for Sale | ||
| 4. Financial Assets Reclassified into Other Comprehensive Income | ||
| 5. Profit or Loss Arising from Reclassifying Investments Held to Maturity as Financial Assets Available for Sale | ||
| 6. Provisions for the Credit Impairment of Investment in Other Creditor's Rights | ||
| 7. Cash Flow Hedge Reserves | ||
| 8. Currency Translation Difference | -5,426,015.84 | -2,235,307.10 |
| 9. Others | ||
| Net Amount of Other Comprehensive Incomes After Tax Attributable to Minority Shareholders | 78.30 | |
| VII. Total Comprehensive Income | 1,825,056,438.90 | 1,573,906,125.58 |
| Total Comprehensive Income Attributable to the Parent Company's Owner | 1,871,926,407.96 | 1,561,446,080.48 |
| Total Comprehensive Income Attributable to Minority Shareholders | -46,869,969.06 | 12,460,045.10 |
| VIII. Earnings per Share: | ||
| (I) Basic Earnings per Share | 0.64 | 0.54 |
| (II) Diluted Earnings per Share | 0.64 | 0.54 |
Legal representative: Fu Liquan Person in charge of accounting: Wei Meizhong Person in charge of the accounting institution: Xu Qiaofen
6. Income Statement of the Parent Company from the Beginning of the Year to the End of theReporting Period
Unit: RMB
| Item Name | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
| I. Operating Revenue | 5,364,804,306.59 | 5,576,992,611.46 |
| Less: Operating Cost | 583,454,039.07 | 1,455,015,004.83 |
| Taxes and Surcharges | 71,739,441.76 | 67,645,018.11 |
| Sales Expenses | 1,259,338,762.54 | 1,173,616,922.24 |
| Management Fees | 325,035,065.38 | 224,057,849.24 |
| Research and Development Expense | 1,696,538,553.42 | 1,347,566,767.39 |
| Financial Expenses | 34,135,408.00 | -5,455,841.16 |
| Including: Interest Expenses | 74,893,547.70 | 25,612,631.49 |
| Interest Income | 43,417,611.31 | 32,752,271.20 |
| Add: Other Income | 522,021,134.08 | 443,719,222.41 |
| Investment Income (Mark "-" for Loss) | 10,958,084.29 | -30,125,038.40 |
| Including: Investment Income from Affiliates and Joint Ventures | 138,092.47 | -31,510,214.43 |
| Profits from Recognition Termination of Financial Assets at Amortized Cost | ||
| Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
| Incomes from Changes in Fair Value (Losses Marked with "-") | ||
| Credit Impairment Losses (Mark "-" for Loss) | -16,577,286.08 | |
| Asset Impairment Losses (Mark "-" for Loss) | 33,694,833.36 | |
| Asset Disposal Income (Mark "-" for Loss) | 230,024.34 | 8,194.76 |
| II. Operating Profit (Mark "-" for Loss) | 1,911,194,993.05 | 1,761,844,102.94 |
| Add: Non-operating Incomes | 4,766,879.62 | 20,752,070.15 |
| Less: Non-operating Expenses | 828,984.67 | 573,768.45 |
| III. Total Profit (Mark "-" for Total Loss) | 1,915,132,888.00 | 1,782,022,404.64 |
| Less: Income Tax Expense | 39,489,265.06 | 38,435,556.77 |
| IV. Net Profit (Mark "-" for Net Loss) | 1,875,643,622.94 | 1,743,586,847.87 |
| (I) Net Profit as a Going Concern (Mark "-" for Net Loss) | 1,875,643,622.94 | 1,743,586,847.87 |
| (II) Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
| V. Net Amount of Other Comprehensive Incomes After Tax | ||
| (1) Other Comprehensive Income that cannot be Reclassified as P/L | ||
| 1. Re-measure the Variation of the Defined Benefit Plan | ||
| 2. Other Comprehensive Income that cannot be Transferred to P/L under the Equity Method | ||
| 3. Changes in the Fair Value of Investment in Other Equity Instruments | ||
| 4. Changes in the Fair Value of the Credit Risk of the Enterprise | ||
| 5. Others | ||
| (2) Other Comprehensive Income that will be Reclassified as P/L | ||
| 1. Other Comprehensive Income that can be Transferred to P/L under the Equity Method | ||
| 2. Changes in the Fair value of Investment in other Creditor's Rights | ||
| 3. Profit or Loss Arising from Changes in the Fair Value of |
| Financial Assets Available for Sale | ||
| 4. Financial Assets Reclassified into Other Comprehensive Income | ||
| 5. Profit or Loss Arising from Reclassifying Investments Held to Maturity as Financial Assets Available for Sale | ||
| 6. Provisions for the Credit Impairment of Investment in Other Creditor's Rights | ||
| 7. Cash Flow Hedge Reserves | ||
| 8. Currency Translation Difference | ||
| 9. Others | ||
| VI. Total Comprehensive Income | 1,875,643,622.94 | 1,743,586,847.87 |
| VII. Earnings per Share: | ||
| (I) Basic Earnings per Share | 0.64 | 0.60 |
| (II) Diluted Earnings per Share | 0.64 | 0.60 |
7. Consolidated Cash Flow Statement from the Beginning of the Year to the End of the ReportingPeriod
Unit: RMB
| Item Name | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
| I. Cash Flow Generated by Operational Activities: | ||
| Cash from Sales of Merchandise and Provision of Services | 16,730,049,636.83 | 14,096,899,342.48 |
| Net Increase in Customer's Bank Deposits and Interbank Deposits | ||
| Net Increase in Borrowings from the Central Bank | ||
| Net Increase in Borrowing Funds | ||
| Cash Arising from Receiving Premiums for the Original Insurance Contract | ||
| Net Amount Arising from Reinsurance Business | ||
| Net Increase in Deposits and Investments from Policyholders | ||
| Cash Arising from Interests, Service Charges and Commissions | ||
| Net Increase in Borrowing Funds | ||
| Net Increase in Repurchase Business Funds |
| Net Amount of Cash Received from the Vicariously Traded Securities | ||
| Tax Refund | 1,273,067,692.84 | 1,175,466,753.02 |
| Other Received Cashes Related to Operational Activities | 511,327,169.88 | 179,706,020.35 |
| Subtotal of Operational Activities Free Cash Inflow | 18,514,444,499.55 | 15,452,072,115.85 |
| Cash Paid for Merchandise and Services | 12,421,483,664.69 | 11,313,035,144.29 |
| Net Increase in Loans and Advances to Customers | ||
| Net Increase in Deposits with Central Bank and Other Financial Institutions | ||
| Cash Paid for Original Insurance Contract Claims | ||
| Net Increase of Funds Lent | ||
| Cash Paid for Interests, Service Charges and Commissions | ||
| Cash Paid for Policy Dividends | ||
| Cash Paid to and for Employees | 3,597,447,707.85 | 3,147,424,488.01 |
| Cash Paid for Taxes and Surcharges | 1,266,038,737.35 | 1,148,544,384.30 |
| Other Paid Cashes Related to Operational Activities | 1,767,711,341.90 | 1,510,039,968.78 |
| Subtotal of Operational Activities Free Cash Outflow | 19,052,681,451.79 | 17,119,043,985.38 |
| Net Cash Flow Generated by Operational Activities | -538,236,952.24 | -1,666,971,869.53 |
| II. Cash Flow Generated by Investment Activities: | ||
| Cash Arising from Disposal of Investments | 146,950,000.00 | |
| Cash Arising from Investment Incomes | 10,459,991.82 | 1,738,010.28 |
| Net Cash Arising from Disposal of Fixed Assets, Intangible Assets and Other Long-term Assets | 4,594,633.81 | 552,893.76 |
| Net Cash Arising from Disposal of Subsidiaries and Other Business Units | ||
| Other Received Cashes Related to Investment Activities | 23,496,710.65 | 3,254,123.87 |
| Investment Activities Free Cash Inflow Subtotal | 38,551,336.28 | 152,495,027.91 |
| Cash Paid for Purchase and Construction of Fixed Assets, Intangible Assets and Other Long-term Assets | 382,519,246.62 | 389,636,120.07 |
| Cash Paid for Investments | 13,200,000.00 | 144,300,000.00 |
| Net Increase in Pledge Loans | ||
| Net Cash Paid for Acquisition of Subsidiaries and Other Business | 56,408,605.39 |
| Units | ||
| Other Paid Cashes Related to Investment Activities | 26,708,528.22 | 100,527,143.08 |
| Subtotal of Cash Outflow from Investment Activities | 422,427,774.84 | 690,871,868.54 |
| Net Amount of Cash Flow Generated by Investment Activities | -383,876,438.56 | -538,376,840.63 |
| III. Cash Flow Generated by Financing Activities: | ||
| Cash Arising from Absorbing Investments | 43,114,250.00 | 77,742,285.10 |
| Including: Cash Arising from Subsidiaries Absorbing Investments by Minority Shareholders | 43,114,250.00 | 77,742,285.10 |
| Cash Arising from Borrowings | 4,670,035,208.85 | 4,608,755,547.11 |
| Other Received Cashes Related to Financing Activities | 1,040,932,000.04 | 1,073,755,819.97 |
| Financing Activities Free Cash Inflow Subtotal | 5,754,081,458.89 | 5,760,253,652.18 |
| Cash Paid for Debts Repayment | 3,921,105,318.52 | 3,615,177,763.81 |
| Cash Paid for Distribution of Dividends and Profits or Payment of Interests | 381,086,344.23 | 650,902,100.63 |
| Including: Dividends and Profits Paid to Minority Shareholders by Subsidiaries | ||
| Other Paid Cashes Related to Financing Activities | 1,276,872,441.04 | 912,488,000.04 |
| Financing Activities Free Cash Outflow Subtotal | 5,579,064,103.79 | 5,178,567,864.48 |
| Net Amount of Cash Flow Generated by Financing Activities | 175,017,355.10 | 581,685,787.70 |
| IV. Impact of Fluctuation in Exchange Rate on Cash and Cash Equivalents | 44,026,137.84 | 59,968,947.69 |
| V. Net Increase in Cash and Cash Equivalents | -703,069,897.86 | -1,563,693,974.77 |
| Add: Cash and Cash Equivalents at the Start of the Period | 3,702,283,803.54 | 3,062,678,993.88 |
| VI. Cash and Cash Equivalents at the End of the Period | 2,999,213,905.68 | 1,498,985,019.11 |
8. Cash Flow Statement of the Parent Company from the Beginning of the Year to the End of theReporting Period
Unit: RMB
| Item Name | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
| I. Cash Flow Generated by Operational Activities: | ||
| Cash from Sales of Merchandise and Provision of Services | 2,342,498,453.81 | 8,565,255,144.00 |
| Tax Refund | 456,671,994.80 | 440,611,381.06 |
| Other Received Cashes Related to Operational Activities | 106,391,951.81 | 21,008,777.53 |
| Subtotal of Operational Activities Free Cash Inflow | 2,905,562,400.42 | 9,026,875,302.59 |
| Cash Paid for Merchandise and Services | 450,973,346.38 | 1,529,294,174.11 |
| Cash Paid to and for Employees | 2,238,092,627.31 | 1,986,373,244.95 |
| Cash Paid for Taxes and Surcharges | 872,684,753.09 | 839,005,205.65 |
| Other Paid Cashes Related to Operational Activities | 840,812,247.82 | 800,738,387.79 |
| Subtotal of Operational Activities Free Cash Outflow | 4,402,562,974.60 | 5,155,411,012.50 |
| Net Cash Flow Generated by Operational Activities | -1,497,000,574.18 | 3,871,464,290.09 |
| II. Cash Flow Generated by Investment Activities: | ||
| Cash Arising from Disposal of Investments | 107,950,000.00 | |
| Cash Arising from Investment Incomes | 10,459,991.82 | 1,385,176.03 |
| Net Cash Arising from Disposal of Fixed Assets, Intangible Assets and Other Long-term Assets | 14,376,371.57 | 66,112,836.14 |
| Net Cash Arising from Disposal of Subsidiaries and Other Business Units | ||
| Other Received Cashes Related to Investment Activities | 11,929,552.28 | 29,536,675.15 |
| Investment Activities Free Cash Inflow Subtotal | 36,765,915.67 | 204,984,687.32 |
| Cash Paid for Purchase and Construction of Fixed Assets, Intangible Assets and Other Long-term Assets | 157,802,380.37 | 91,063,022.15 |
| Cash Paid for Investments | 123,185,750.00 | 453,686,250.00 |
| Net Cash Paid for Acquisition of Subsidiaries and Other Business Units | ||
| Other Paid Cashes Related to Investment Activities | ||
| Subtotal of Cash Outflow from Investment Activities | 280,988,130.37 | 544,749,272.15 |
| Net Amount of Cash Flow Generated by Investment Activities | -244,222,214.70 | -339,764,584.83 |
| III. Cash Flow Generated by Financing Activities: | ||
| Cash Arising from Absorbing Investments | ||
| Cash Arising from Borrowings | 1,963,462,853.53 | 1,488,603,047.41 |
| Other Received Cashes Related to Financing Activities | 3,926,000,253.84 | 111,547,737.65 |
| Financing Activities Free Cash Inflow Subtotal | 5,889,463,107.37 | 1,600,150,785.06 |
| Cash Paid for Debts Repayment | 1,423,462,853.53 | 950,000,000.00 |
| Cash Paid for Distribution of Dividends and Profits or Payment of Interests | 348,137,734.88 | 602,162,751.51 |
| Other Paid Cashes Related to Financing Activities | 2,678,522,588.68 | 4,041,706,031.13 |
| Financing Activities Free Cash Outflow Subtotal | 4,450,123,177.09 | 5,593,868,782.64 |
| Net Amount of Cash Flow Generated by Financing Activities | 1,439,339,930.28 | -3,993,717,997.58 |
| IV. Impact of Fluctuation in Exchange Rate on Cash and Cash Equivalents | -243,602.64 | -115,776.35 |
| V. Net Increase in Cash and Cash Equivalents | -302,126,461.24 | -462,134,068.67 |
| Add: Cash and Cash Equivalents at the Start of the Period | 603,430,209.42 | 524,670,812.68 |
| VI. Cash and Cash Equivalents at the End of the Period | 301,303,748.18 | 62,536,744.01 |
II. Adjustments to the Financial Statements
1. Adjustments to Items in the Financial Statements of the Beginning of the Year 2019 accordingto the New Standards for Financial Instruments, Revenue or Lease
√ Applicable □ Not applicable
Consolidated Balance Sheet
Unit: RMB
| Item Name | December 31, 2018 | January 01, 2019 | Adjusted amount |
| Current Assets: | |||
| Monetary Funds | 4,160,153,847.06 | 4,160,153,847.06 | |
| Deposit Reservation for Balance | |||
| Loans to Banks and Other Financial Institutions | |||
| Trading Financial Assets | |||
| Financial Liabilities at Fair Value through Profit or Loss | |||
| Derivative Financial Assets | |||
| Bills Receivable | 2,385,693,417.06 | 2,385,693,417.06 | |
| Accounts Receivable | 10,191,372,777.38 | 10,191,372,777.38 | |
| Receivables Financing | |||
| Prepayments | 126,891,259.00 | 126,891,259.00 |
| Premium Receivable | |||
| Reinsurance Accounts Receivable | |||
| Reinsurance Contract Reserves Receivable | |||
| Other Receivables | 398,170,769.40 | 398,170,769.40 | |
| Including: Interest Receivable | 6,754,941.00 | 6,754,941.00 | |
| Dividends Receivable | |||
| Buying Back the Sale of Financial Assets | |||
| Inventory | 3,035,579,709.14 | 3,035,579,709.14 | |
| Contract Assets | |||
| Holding for-sale Assets | |||
| Non-current Assets Due within 1 Year | 578,733,057.27 | 578,733,057.27 | |
| Other Current Assets | 402,255,078.05 | 402,255,078.05 | |
| Subtotal of Current Assets | 21,278,849,914.36 | 21,278,849,914.36 | |
| Non-current Assets: | |||
| Granting of Loans and Advances | |||
| Investment in Creditor's Rights | |||
| Financial Assets Available for Sale | 82,970,227.00 | -82,970,227.00 | |
| Investment in Other Creditor's Rights | |||
| Held-to-maturity Investments | |||
| Long-term Receivables | 1,861,485,568.28 | 1,861,485,568.28 | |
| Long-term Equity Investment | 185,872,021.58 | 185,872,021.58 | |
| Investment in Other Equity Instruments | |||
| Other Non-current Financial Assets | 82,970,227.00 | 82,970,227.00 | |
| Investment Property | 346,831,376.55 | 346,831,376.55 | |
| Fixed Assets | 1,407,471,330.83 | 1,407,471,330.83 | |
| Projects under Construction | 226,191,587.11 | 226,191,587.11 | |
| Productive Biological Assets | |||
| Oil and Gas Assets | |||
| Right-of-use Assets | |||
| Intangible Assets | 372,467,409.09 | 372,467,409.09 | |
| Development Expenditure |
| Goodwill | 109,745,412.21 | 109,745,412.21 | |
| Long-term Prepaid Expenses | 37,117,918.55 | 37,117,918.55 | |
| Deferred Income Tax Assets | 425,319,406.98 | 425,319,406.98 | |
| Other Non-current Assets | 16,277,605.61 | 16,277,605.61 | |
| Subtotal of Non-current Assets | 5,071,749,863.79 | 5,071,749,863.79 | |
| Total Assets | 26,350,599,778.15 | 26,350,599,778.15 | |
| Current Liabilities: | |||
| Short-term Loan | 1,851,709,561.83 | 1,851,709,561.83 | |
| Borrowings from Banks and Other Financial Institutions | |||
| Borrowing Funds | |||
| Transactional Financial Liabilities | 38,602,602.30 | 38,602,602.30 | |
| Financial Liabilities Measured in Fair Value with Changes Recorded into Current Profit and Loss | 38,602,602.30 | -38,602,602.30 | |
| Derivative Financial Liabilities | |||
| Notes Payable | 3,671,586,104.79 | 3,671,586,104.79 | |
| Accounts Payable | 3,789,729,594.20 | 3,789,729,594.20 | |
| Received Pre-payments | 343,297,891.20 | 343,297,891.20 | |
| Contract Liabilities | |||
| Financial Assets Sold for Repurchase | |||
| Deposit Taking and Interbank Deposit | |||
| Receiving from Vicariously Traded Securities | |||
| Receiving from Vicariously Sold Securities | |||
| Payroll Payable | 1,124,358,611.94 | 1,124,358,611.94 | |
| Tax Payable | 599,478,049.81 | 599,478,049.81 | |
| Other Payables | 1,051,537,094.97 | 1,051,537,094.97 | |
| Including: Interest Payable | 4,745,203.31 | 4,745,203.31 | |
| Dividends Payable | |||
| Service Charge and Commission Payable | |||
| Reinsurance Accounts Payable | |||
| Holding for-sale Liabilities |
| Non-current Liabilities Due within 1 Year | 25,500,000.00 | 25,500,000.00 | |
| Other Current Liabilities | 70,845,639.51 | 70,845,639.51 | |
| Subtotal of Current Liabilities | 12,566,645,150.55 | 12,566,645,150.55 | |
| Non-current Liabilities: | |||
| Insurance Contract Reserves | |||
| Long-term Loans | 179,000,000.00 | 179,000,000.00 | |
| Bonds Payable | |||
| Including: Preferred Stocks | |||
| Perpetual Bonds | |||
| Lease Liabilities | |||
| Long-term Payables | |||
| Long-term Payroll Payable | |||
| Expected Liabilities | 193,761,170.12 | 193,761,170.12 | |
| Deferred Income | 58,693,533.40 | 58,693,533.40 | |
| Deferred Income Tax Liabilities | 50,137,969.76 | 50,137,969.76 | |
| Other Non-current Liabilities | 399,096,280.89 | 399,096,280.89 | |
| Subtotal of Non-current Liabilities | 880,688,954.17 | 880,688,954.17 | |
| Total Liabilities | 13,447,334,104.72 | 13,447,334,104.72 | |
| Shareholders' Equity: | |||
| Share Capital | 2,997,621,930.00 | 2,997,621,930.00 | |
| Other Equity Instruments | |||
| Including: Preferred Stocks | |||
| Perpetual Bonds | |||
| Capital Reserves | 1,501,180,862.83 | 1,501,180,862.83 | |
| Less: Treasury Share | 807,733,586.00 | 807,733,586.00 | |
| Other Comprehensive Incomes | 10,337,164.41 | 10,337,164.41 | |
| Special Reserves | |||
| Surplus Reserves | 1,246,369,430.91 | 1,246,369,430.91 | |
| General Risk Reserves | |||
| Undistributed Profits | 7,670,983,116.33 | 7,670,983,116.33 | |
| Total Shareholders' Equity Attributable to the Parent | 12,618,758,918.48 | 12,618,758,918.48 |
| Company | |||
| Minority Shareholders' Equity | 284,506,754.95 | 284,506,754.95 | |
| Total Shareholders' Equity | 12,903,265,673.43 | 12,903,265,673.43 | |
| Total Liabilities and Shareholders' Equity | 26,350,599,778.15 | 26,350,599,778.15 |
Balance Sheet of the Parent Company
Unit: RMB
| Item Name | December 31, 2018 | January 01, 2019 | Adjusted amount |
| Current Assets: | |||
| Monetary Funds | 611,190,236.01 | 611,190,236.01 | |
| Trading Financial Assets | |||
| Financial Liabilities at Fair Value through Profit or Loss | |||
| Derivative Financial Assets | |||
| Bills Receivable | 952,572,702.92 | 952,572,702.92 | |
| Accounts Receivable | 4,598,575,923.04 | 4,598,575,923.04 | |
| Receivables Financing | |||
| Prepayments | 26,772,044.53 | 26,772,044.53 | |
| Other Receivables | 6,954,655,863.03 | 6,954,655,863.03 | |
| Including: Interest Receivable | 42,500.00 | 42,500.00 | |
| Dividends Receivable | |||
| Inventory | 120,181,267.85 | 120,181,267.85 | |
| Contract Assets | |||
| Holding for-sale Assets | |||
| Non-current Assets Due within 1 Year | 50,793,137.80 | 50,793,137.80 | |
| Other Current Assets | 24,858,982.78 | 24,858,982.78 | |
| Subtotal of Current Assets | 13,339,600,157.96 | 13,339,600,157.96 | |
| Non-current Assets: | |||
| Investment in Creditor's Rights | |||
| Financial Assets Available for Sale | 80,496,000.00 | -80,496,000.00 | |
| Investment in Other Creditor's Rights |
| Held-to-maturity Investments | |||
| Long-term Receivables | 160,299,143.83 | 160,299,143.83 | |
| Long-term Equity Investment | 3,001,639,428.55 | 3,001,639,428.55 | |
| Investment in Other Equity Instruments | |||
| Other Non-current Financial Assets | 80,496,000.00 | 80,496,000.00 | |
| Investment Property | 183,321,198.72 | 183,321,198.72 | |
| Fixed Assets | 496,363,638.38 | 496,363,638.38 | |
| Projects under Construction | 151,072,585.67 | 151,072,585.67 | |
| Productive Biological Assets | |||
| Oil and Gas Assets | |||
| Right-of-use Assets | |||
| Intangible Assets | 170,879,747.04 | 170,879,747.04 | |
| Development Expenditure | |||
| Goodwill | |||
| Long-term Prepaid Expenses | 28,927,258.54 | 28,927,258.54 | |
| Deferred Income Tax Assets | 40,821,902.57 | 40,821,902.57 | |
| Other Non-current Assets | 929,380.00 | 929,380.00 | |
| Subtotal of Non-current Assets | 4,314,750,283.30 | 4,314,750,283.30 | |
| Total Assets | 17,654,350,441.26 | 17,654,350,441.26 | |
| Current Liabilities: | |||
| Short-term Loan | 1,380,000,000.00 | 1,380,000,000.00 | |
| Transactional Financial Liabilities | |||
| Financial Liabilities Measured in Fair Value with Changes Recorded into Current Profit and Loss | |||
| Derivative Financial Liabilities | |||
| Notes Payable | 175,647,414.85 | 175,647,414.85 | |
| Accounts Payable | 889,881,485.16 | 889,881,485.16 | |
| Received Pre-payments | 80,361,211.04 | 80,361,211.04 | |
| Contract Liabilities | |||
| Payroll Payable | 817,723,936.19 | 817,723,936.19 | |
| Tax Payable | 351,294,836.50 | 351,294,836.50 |
| Other Payables | 1,060,909,330.56 | 1,060,909,330.56 | |
| Including: Interest Payable | 2,416,340.30 | 2,416,340.30 | |
| Dividends Payable | |||
| Holding for-sale Liabilities | |||
| Non-current Liabilities Due within 1 Year | |||
| Other Current Liabilities | 6,464,333.12 | 6,464,333.12 | |
| Subtotal of Current Liabilities | 4,762,282,547.42 | 4,762,282,547.42 | |
| Non-current Liabilities: | |||
| Long-term Loans | |||
| Bonds Payable | |||
| Including: Preferred Stocks | |||
| Perpetual Bonds | |||
| Lease Liabilities | |||
| Long-term Payables | |||
| Long-term Payroll Payable | |||
| Expected Liabilities | 3,396,100.00 | 3,396,100.00 | |
| Deferred Income | |||
| Deferred Income Tax Liabilities | |||
| Other Non-current Liabilities | 23,684,423.74 | 23,684,423.74 | |
| Subtotal of Non-current Liabilities | 27,080,523.74 | 27,080,523.74 | |
| Total Liabilities | 4,789,363,071.16 | 4,789,363,071.16 | |
| Shareholders' Equity: | |||
| Share Capital | 2,997,621,930.00 | 2,997,621,930.00 | |
| Other Equity Instruments | |||
| Including: Preferred Stocks | |||
| Perpetual Bonds | |||
| Capital Reserves | 1,497,801,068.88 | 1,497,801,068.88 | |
| Less: Treasury Share | 807,733,586.00 | 807,733,586.00 | |
| Other Comprehensive Incomes | |||
| Special Reserves | |||
| Surplus Reserves | 1,246,369,430.91 | 1,246,369,430.91 |
| Undistributed Profits | 7,930,928,526.31 | 7,930,928,526.31 | |
| Total Shareholders' Equity | 12,864,987,370.10 | 12,864,987,370.10 | |
| Total Liabilities and Shareholders' Equity | 17,654,350,441.26 | 17,654,350,441.26 |
2. Explanation of Compared Data before the Retroactive Adjustments according to the NewStandards for Financial Instruments or Lease Implemented from 2019
□ Applicable √ Not applicable
III. Audit ReportWhether the Q3 report has been audited.
□ Yes √ No
The Q3 report of the Company has not been audited yet.
Zhejiang Dahua Technology Co., Ltd.
Chairman: Fu LiquanOctober 29, 2019