Hangzhou Robam Appliances Co., Ltd.
2020 First Quarter Report
April 2020
Section 1: Important Notes
The board of directors, the board of supervisors and the directors,supervisors and senior management of the Company shall guaranteethat the contents of the quarterly report are authentic, accurate andcomplete, free from false records, misleading statements or majoromissions, and shall bear individual and joint legal liabilities.All directors of the Company personally attended the board meeting toreview this quarterly report.Ren Jianhua, the head of the Company, Zhang Guofu, the head ofaccounting work, and Zhang Guofu, the head of accounting body(accountant in charge), guarantee the authenticity, accuracy andcompleteness of the Financial statements in the quarterly report.
Section 2: Basic Status of CompanyI. Major accounting data and financial indicatorsWhether the Company needs to retroactively adjust or restate the accounting data of the previous years
□Yes √No
| Reporting period | Amount for corresponding period last year | Increase/decrease this year compared with the previous year | |
| Operating income (yuan) | 1,265,689,550.31 | 1,660,339,786.05 | -23.77% |
| Net profits attributable to shareholders of listed companies (yuan) | 245,010,424.02 | 319,653,959.87 | -23.35% |
| Net profits attributable to shareholders of the listed company after deduction of non-recurring profits and losses (yuan) | 189,293,064.42 | 274,850,672.48 | -31.13% |
| Net cash flow from operating activities (yuan) | -244,718,331.36 | 169,903,804.03 | -244.03% |
| Basic EPS (yuan/share) | 0.26 | 0.34 | -23.53% |
| Diluted EPS (yuan/share) | 0.26 | 0.34 | -23.53% |
| Weighted average return on net assets | 3.51% | 5.15% | -1.64% |
| End of the reporting period | End of previous year | Increase/decrease at the end of this reporting period compared with the end of the previous year | |
| Total assets (yuan) | 10,338,115,904.32 | 10,651,922,572.87 | -2.95% |
| Net assets attributable to shareholders of listed companies (yuan) | 7,109,399,305.48 | 6,864,388,881.46 | 3.57% |
Non-recurring Profit and Loss Items and Amount
√Applicable □ Not applicable
Unit: yuan
| Item | Amount from the beginning of the year to the end of the reporting | Description |
| period | ||
| Government subsidies included into the current profits and losses, except those government subsidies, which are closely related to the business of a company and enjoyed in accordance with a certain standard quota or quantity of the state | 65,111,576.99 | |
| Income and expenditure other than those mentioned above | 1,114,628.65 | |
| Less: Amount affected by income tax | 10,286,947.15 | |
| Amount of minority shareholders' equity affected (after tax) | 221,898.89 | |
| Total | 55,717,359.60 | -- |
Explain the non-recurrent profit and loss items defined by the Company according to the Interpretative Announcement No.1 on Information Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses and defined fromthe non-recurrent profit and loss items enumerated in the Interpretative Announcement No. 1 on Information Disclosure ofPublic Securities Issuing Companies - Non-recurrent Profits and Losses
□ Applicable √ Not applicable
No definition of non-recurrent profit and loss items defined and enumerated in the Interpretative Announcement No. 1 onInformation Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses as non-recurrent profitand loss items during the reporting period.II. Total number of shareholders at the end of the reporting period and
shareholding of top 10 shareholders
1. Total number of common shareholders and preferred shareholders with voting rights
restored, and shareholdings of the top 10 shareholders
Unit: share
| Total number of common shareholders at the end of the reporting period | 55,021 | Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) | 0 | |||
| Shareholdings of the top 10 shareholders | ||||||
| Shareholder's name | Shareholder nature | Shareholding ratio | Number of shares held | Number of shares held with limited sales conditions | Pledge or freeze | |
| Status of shares | Quantity | |||||
| Hangzhou Robam Industrial Group Co., Ltd. | Domestic non-state legal person | 49.68% | 471,510,000 | |||
| Hong Kong Securities Clearing Co. Ltd. | Overseas legal person | 14.56% | 138,132,459 | |||
| Shen Guoying | Domestic natural person | 1.29% | 12,240,000 | |||
| China Construction Bank Co., Ltd.－Anxin Value Selected Stock Securities Investment Fund | Other | 1.06% | 10,083,786 | |||
| Hangzhou Jinchuang Investment Co., Ltd. | Other | 1.00% | 9,451,985 | |||
| Aberdeen Standard Investments (Asia) Limited－Aberdeen Global－China A-Shares Fund | Overseas legal person | 0.99% | 9,364,817 | |||
| Shenzhen Guoshi Capital Management Co., Ltd. - Guoshi Capital - Robam Agent Holding Stage 2 Structured Private Equity Fund | Other | 0.88% | 8,311,165 | |||
| Hangzhou Yinchuang Investment Co., Ltd. | Other | 0.67% | 6,318,000 | |||
| Ren Jianhua | Domestic natural person | 0.62% | 5,923,150 | 4,442,362 | ||
| Central Huijin Investment Ltd. | State legal person | 0.60% | 5,685,810 | |||
| Shareholding of top 10 shareholders with unlimited sales conditions | ||||||
| Shareholder's name | Number of shares held with unlimited sales conditions | Share type | ||||
| Share type | Quantity | |||||
| Hangzhou Robam Industrial Group Co., Ltd. | 471,510,000 | RMB common share | 471,510,000 | |||
| Hong Kong Securities Clearing Co. Ltd. | 138,132,459 | RMB common share | 138,132,459 | |||
| Shen Guoying | 12,240,000 | RMB common | 12,240,000 | |||
| share | |||
| China Construction Bank Co., Ltd.－Anxin Value Selected Stock Securities Investment Fund | 10,083,786 | RMB common share | 10,083,786 |
| Hangzhou Jinchuang Investment Co., Ltd. | 9,451,985 | RMB common share | 9,451,985 |
| Aberdeen Standard Investments (Asia) Limited－Aberdeen Global－China A-Shares Fund | 9,364,817 | RMB common share | 9,364,817 |
| Shenzhen Guoshi Capital Management Co., Ltd. - Guoshi Capital - Robam Agent Holding Stage 2 Structured Private Equity Fund | 8,311,165 | RMB common share | 8,311,165 |
| Hangzhou Yinchuang Investment Co., Ltd. | 6,318,000 | RMB common share | 6,318,000 |
| Central Huijin Investment Ltd. | 5,685,810 | RMB common share | 5,685,810 |
| Shenzhen Guoshi Capital Management Co., Ltd. - Guoshi Capital - Robam Win-win No.1 Private Equity Fund | 5,443,324 | RMB common share | 5,443,324 |
| Description of the above-mentioned shareholder association or concerted action | The actual controller of the Company’s controlling shareholder Hangzhou Robam Industrial Group Co., Ltd. and the shareholder Hangzhou Jinchuang Investment Co., Ltd. is Mr. Ren Jianhua, and the natural person shareholder Shen Guo Ying is the wife of Ren Jianhua. The above shareholders have the possibility of acting in unison. | ||
| Securities margin trading business attended by top 10 shareholders (if any) | Not applicable | ||
Whether the Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditionsagreed on a repurchase transaction during the reporting period
□Yes √No
The Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions did notagree on a repurchase transaction during the reporting period
2. Total number of preferred shareholders and the top 10 preferred shareholders’
shareholdings of the Company
□ Applicable √ Not applicable
Section 3: Important MattersI. Cases and causes for the change in the main financial data and financial
indexes during the reporting period
√Applicable □ Not applicable
1. Balance sheet items
The advances to suppliers increased by 69.47% at the end of the reporting period compared with the beginning of the year,which was mainly caused by the increase in advance for the purchase of raw materials at the end of the reporting periodcompared with the beginning of the period.Other receivables decreased by 36.50% at the end of the reporting period compared with the beginning of the year, whichwas mainly caused by recovery of dividends receivable under other receivable accounts at the current period.Other current assets decreased by 51.83% at the end of the reporting period compared with the beginning of the year,which was mainly caused by the decrease of the prepaid tax at the end the reporting period compared with the beginningof the year.The long-term equity investment decreased by 36.30% at the end the reporting period compared with the beginning of theyear, which was mainly caused by the decrease in the operating performance of the joint venture De Dietrich Trading(Shanghai) Co., Ltd. in the current period and the corresponding decrease in investment income attributed to thecompany.The deferred income tax assets increased by 58.55% at the end of the reporting period compared with the beginning ofthe year, which was mainly caused by the temporary differences arising from accrued sales expenses.The payroll payable decreased by 84.26% at the end of the reporting period compared with the beginning of the year,which was mainly caused by the payment of employee salaries and bonuses for the beginning of the year in currentperiod.The tax payable increased by 36.23% at the end of the reporting period compared with the beginning of the year, whichwas mainly caused by the increase in payable income tax and value-added tax at the end of the reporting periodcompared with the beginning of the period.
2. Income statement items
The taxes and surcharges decreased by 42.07% year-on-year during the reporting period, which was mainly caused bythe decrease in revenue, corresponding reduction in taxes and surcharges in current period.
3. Cash flow statement items
The net cash flow from operating activities decreased by 244.03% year-on-year during the reporting period, which wasmainly caused by the deduction of operating income and the decrease of repayment in current period.The net cash flow from investment activities decreased by 87.34% year-on-year during the reporting period, which wasmainly caused by the decrease of financial product capital due recovered in current period and the decrease in cashinflow from investment activities.
II. Progress of important matters and their impact and solution analysis
□ Applicable √ Not applicable
Implementation progress of share repurchase
□ Applicable √ Not applicable
Implementation progress of reducing repurchased shares by centralized competitive bidding
□ Applicable √ Not applicable
III. Commitments not fully fulfilled by the Company’s actual controller,
shareholders, related parties, acquirer and other commitment parties during thereporting period
□ Applicable √ Not applicable
No commitments not fully fulfilled by the Company’s actual controller, shareholders, related parties, acquirer and othercommitment parties during the reporting periodIV. Securities investments
□ Applicable √ Not applicable
The company had no securities investments in the reporting period.V. Entrusted financing
□ Applicable √ Not applicable
The Company had no entrusted financing during the reporting period.VI. Derivatives investment
□ Applicable √ Not applicable
The company had no derivatives investments in the reporting period.
VII. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee of the Company during the reporting period.VIII. Non-operating occupation of funds of listed companies by controlling
shareholders and their related parties
□ Applicable √ Not applicable
No non-operating occupation of funds of listed companies by controlling shareholders and their related parties during thereporting period.
IX. Registration form of reception, research, communication, interview and other
activities during the reporting period
√Applicable □ Not applicable
| Reception time | Reception way | Type of received object | Basic information index of the survey |
| January 2, 2020 | Field survey | Organization | See the Robam Appliances: Record Chart of Investor Relation Activities on January 2, 2002 in cninfo |
| January 6, 2020 | Field survey | Organization | See the Robam Appliances: Record Chart of Investor Relation Activities on January 6-16, 2002 in cninfo |
Section 4: Financial StatementsI. Financial statements
1. Consolidated Balance Sheet
Unit: Hangzhou Robam Appliances Co., Ltd.
March 31, 2020
Unit: yuan
| Item | March 31, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary capital | 3,909,140,360.21 | 4,054,121,726.23 |
| Deposit reservation for balance | ||
| Lending funds | ||
| Trading financial assets | 1,240,000,000.00 | 1,360,000,000.00 |
| Derivative financial assets | ||
| Notes receivable | 1,054,601,683.38 | 986,693,149.40 |
| Accounts receivable | 618,835,926.08 | 725,630,901.28 |
| Receivables financing | 457,740,196.86 | 408,972,104.07 |
| Advances to suppliers | 84,926,679.32 | 50,113,549.84 |
| Premiums receivables | ||
| Reinsurance accounts receivable | ||
| Provision of cession receivable | ||
| Other receivables | 70,426,262.02 | 110,899,448.65 |
| Including: Interest receivable | ||
| Dividends receivable | 14,295,039.38 | |
| Redemptory monetary capital for sale | ||
| Inventory | 1,263,509,625.07 | 1,339,176,925.20 |
| Contract assets | ||
| Assets held for sales |
| Non-current assets due within a year | ||
| Other current assets | 7,797,708.24 | 16,189,237.81 |
| Total current assets | 8,706,978,441.18 | 9,051,797,042.48 |
| Non-current assets: | ||
| Loans and advances | ||
| Debt investment | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investment | 2,655,057.33 | 4,168,338.79 |
| Other equity instrument investments | 102,116,023.22 | 102,116,023.22 |
| Other non-current financial assets | ||
| Investment properties | 110,341.64 | 112,588.34 |
| Fixed assets | 805,484,503.07 | 826,234,929.97 |
| Construction in progress | 285,913,163.48 | 272,211,720.62 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 216,727,828.30 | 219,733,270.51 |
| Development expenditure | ||
| Goodwill | 80,589,565.84 | 80,589,565.84 |
| Long-term unamortized expenses | 385,767.16 | 523,195.74 |
| Deferred income tax assets | 112,378,231.27 | 70,877,116.09 |
| Other non-current assets | 24,776,981.83 | 23,558,781.27 |
| Total non-current assets | 1,631,137,463.14 | 1,600,125,530.39 |
| Total assets | 10,338,115,904.32 | 10,651,922,572.87 |
| Current liabilities | ||
| Short-term borrowing | ||
| Borrowings from central bank | ||
| Borrowing funds | ||
| Trading financial liabilities | ||
| Derivative financial liabilities |
| Notes payable | 662,771,267.85 | 603,308,648.96 |
| Accounts payable | 1,022,471,329.29 | 1,395,061,285.28 |
| Advance from customers | 900,246,662.46 | 1,092,261,332.25 |
| Contract liabilities | 531,392.92 | |
| Financial assets sold for repurchase | ||
| Deposits from customers and interbank | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Payroll payable | 19,217,145.49 | 122,070,325.03 |
| Tax payable | 139,942,417.18 | 102,726,655.21 |
| Other payables | 255,497,204.07 | 241,641,864.89 |
| Including: Interest payable | ||
| Dividends payable | ||
| Fees and commissions payable | ||
| Dividend payable for reinsurance | ||
| Liabilities held for sales | ||
| Non-current liabilities due within a year | ||
| Other current liabilities | ||
| Total current liabilities | 3,000,677,419.26 | 3,557,070,111.62 |
| Non-current liabilities | ||
| Reserve fund for insurance contracts | ||
| Long-term borrowing | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term payable | ||
| Long-term payroll payable | ||
| Estimated liabilities | ||
| Deferred income | 110,860,541.77 | 114,851,263.30 |
| Deferred income tax liabilities | 5,505,251.67 | 5,717,848.25 |
| Other non-current liabilities | ||
| Total non-current liabilities | 116,365,793.44 | 120,569,111.55 |
| Total liabilities | 3,117,043,212.70 | 3,677,639,223.17 |
| Owner's equity: | ||
| Capital stock | 949,024,050.00 | 949,024,050.00 |
| Other equity instruments | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserve | 401,799,332.67 | 401,799,332.67 |
| Minus: treasury stock | ||
| Other comprehensive income | -15,157,634.16 | -15,157,634.16 |
| Special reserve | ||
| Surplus reserves | 474,516,412.50 | 474,516,412.50 |
| General risk preparation | ||
| Undistributed profit | 5,299,217,144.47 | 5,054,206,720.45 |
| Total owners' equities attributable to the owners of parent company | 7,109,399,305.48 | 6,864,388,881.46 |
| Minority equity | 111,673,386.14 | 109,894,468.24 |
| Total owners' equities | 7,221,072,691.62 | 6,974,283,349.70 |
| Total liabilities and owners' equities | 10,338,115,904.32 | 10,651,922,572.87 |
Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting body: Zhang Guofu
2. Balance sheet of parent company
Unit: yuan
| Item | March 31, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary capital | 3,862,232,879.12 | 3,974,490,043.89 |
| Trading financial assets | 1,000,000,000.00 | 1,100,000,000.00 |
| Derivative financial assets | ||
| Notes receivable | 1,054,348,371.65 | 974,185,844.67 |
| Accounts receivable | 600,212,804.10 | 704,246,884.81 |
| Receivables financing | 457,740,196.86 | 408,605,906.50 |
| Advances to suppliers | 66,749,657.00 | 41,005,526.82 |
| Other receivables | 55,745,141.56 | 105,766,154.95 |
| Including: Interest receivable | ||
| Dividends receivable | 14,295,039.38 | |
| Inventory | 1,205,389,702.34 | 1,268,289,683.46 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current assets due within a year | ||
| Other current assets | 2,384,626.02 | 12,064,254.50 |
| Total current assets | 8,304,803,378.65 | 8,588,654,299.60 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investment | 229,160,991.06 | 230,674,272.52 |
| Other equity instrument investments | 102,116,023.22 | 102,116,023.22 |
| Other non-current financial assets | ||
| Investment properties | 428,579.56 | 436,960.72 |
| Fixed assets | 778,890,529.14 | 798,954,901.11 |
| Construction in progress | 285,007,901.24 | 271,619,361.89 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 154,738,081.96 | 157,002,023.43 |
| Development expenditure | ||
| Goodwill | ||
| Long-term unamortized expenses | 299,142.80 | 383,195.74 |
| Deferred income tax assets | 111,309,370.71 | 70,173,783.09 |
| Other non-current assets | 24,776,981.83 | 23,558,781.27 |
| Total non-current assets | 1,686,727,601.52 | 1,654,919,302.99 |
| Total assets | 9,991,530,980.17 | 10,243,573,602.59 |
| Current liabilities | ||
| Short-term borrowing | ||
| Trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 660,706,211.49 | 601,960,648.96 |
| Accounts payable | 988,568,065.19 | 1,358,297,550.30 |
| Advance from customers | 845,886,009.37 | 983,128,543.51 |
| Contract liabilities | 531,392.92 | |
| Payroll payable | 11,963,144.65 | 97,599,336.20 |
| Tax payable | 136,709,229.21 | 96,425,637.42 |
| Other payables | 226,883,320.32 | 226,064,422.04 |
| Including: Interest payable | ||
| Dividends payable | ||
| Liabilities held for sales | ||
| Non-current liabilities due within a year | ||
| Other current liabilities | ||
| Total current liabilities | 2,871,247,373.15 | 3,363,476,138.43 |
| Non-current liabilities | ||
| Long-term borrowing | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term payable | ||
| Long-term payroll payable | ||
| Estimated liabilities | ||
| Deferred income | 110,860,541.77 | 114,851,263.30 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 110,860,541.77 | 114,851,263.30 |
| Total liabilities | 2,982,107,914.92 | 3,478,327,401.73 |
| Owner's equity: |
| Capital stock | 949,024,050.00 | 949,024,050.00 |
| Other equity instruments | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserve | 401,754,349.66 | 401,754,349.66 |
| Minus: treasury stock | ||
| Other comprehensive income | -15,157,634.16 | -15,157,634.16 |
| Special reserve | ||
| Surplus reserves | 474,516,412.50 | 474,516,412.50 |
| Undistributed profit | 5,199,285,887.25 | 4,955,109,022.86 |
| Total owners' equities | 7,009,423,065.25 | 6,765,246,200.86 |
| Total liabilities and owners' equities | 9,991,530,980.17 | 10,243,573,602.59 |
3. Consolidated statement of income
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Total operating income | 1,265,689,550.31 | 1,660,339,786.05 |
| Including: Operating income | 1,265,689,550.31 | 1,660,339,786.05 |
| Interest revenue | ||
| Premium earned | ||
| Fee and commission income | ||
| II. Total operating costs | 1,042,865,376.79 | 1,351,527,688.20 |
| Including: Operating costs | 550,300,620.23 | 750,565,746.05 |
| Interest expenditure | ||
| Fee and commission expense | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net reserve fund extracted for insurance liability | ||
| Bond insurance expense |
| Reinsurance costs | ||
| Taxes and surcharges | 8,597,000.54 | 14,840,974.73 |
| Selling expenses | 411,997,413.43 | 511,863,589.25 |
| Management costs | 50,456,739.21 | 50,550,290.72 |
| Research and development expenses | 45,642,801.87 | 40,887,911.06 |
| Financial expenses | -24,129,198.49 | -17,180,823.60 |
| Including: interest expenditure | ||
| Interest revenue | 23,513,325.52 | 17,934,603.16 |
| Plus: other incomes | 64,975,635.42 | 54,076,590.64 |
| Income from investment (loss expressed with “-”) | 7,496,856.68 | 29,382,366.79 |
| Including: Income from investment of joint venture and cooperative enterprise | -1,513,281.46 | 765,101.56 |
| Income from derecognition of financial assets measured at amortized cost | ||
| Exchange gain (loss expressed with “-”) | ||
| Net exposure hedging gain (loss expressed with “-”) | ||
| Income from fair value changes (loss expressed with “-”) | ||
| Credit impairment losses (loss expressed with “-”) | -4,176,895.96 | -9,712,844.80 |
| Assets impairment losses (loss expressed with “-”) | ||
| Income from disposal of assets (loss expressed with “-”) | ||
| III. Operating profits (loss expressed with “-”) | 291,119,769.66 | 382,558,210.48 |
| Plus: Non-operating income | 135,941.57 | 165,984.03 |
| Less: non-operating expenditure | 1,114,628.65 | 1,038,233.59 |
| IV. Total profits (total loss expressed | 290,141,082.58 | 381,685,960.92 |
| with “-”) | ||
| Less: Income tax expenses | 43,351,740.66 | 58,183,786.74 |
| V. Net profits (net loss expressed with “-”) | 246,789,341.92 | 323,502,174.18 |
| (I) Classified by business continuity | ||
| 1. Net profits from ongoing operation (net loss expressed with “-”) | 246,789,341.92 | 323,502,174.18 |
| 2. Net profits from discontinuing operation (net loss expressed with “-”) | ||
| (II) Classified by ownership | ||
| 1. Net profits attributable to the owners of parent company | 245,010,424.02 | 319,653,959.87 |
| 2. Minority interest income | 1,778,917.90 | 3,848,214.31 |
| VI. Net amount of other comprehensive income after tax | -15,157,634.16 | |
| Net amount of other comprehensive income after tax attributed to parent company owners | -15,157,634.16 | |
| (I) Other comprehensive income that can't be reclassified into profit and loss | -15,157,634.16 | |
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan | ||
| 2. Other comprehensive income that can't be reclassified into profit and loss in the invested enterprise under equity method | ||
| 3. Fair value change of other equity instrument investments | -15,157,634.16 | |
| 4. Fair value change of enterprise credit risks | ||
| 5. Other | ||
| (II) Other comprehensive income that will be reclassified into |
| profit and loss | ||
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method | ||
| 2. Fair value change of other debt investments | ||
| 3. Amount of financial assets reclassified into other comprehensive income | ||
| 4. Provision for credit impairment of other debt investments | ||
| 5. Cash flow hedging reserve | ||
| 6. Translation reserve | ||
| 7. Other | ||
| Net amount of other comprehensive income after tax attributed to minority shareholders | ||
| VII. Total comprehensive income | 231,631,707.76 | 323,502,174.18 |
| Total comprehensive income belonging to parent company | 229,852,789.86 | 319,653,959.87 |
| Total comprehensive income attributed to minority shareholders | 1,778,917.90 | 3,848,214.31 |
| VIII. Earnings per share | ||
| (I) Basic earnings per share | 0.26 | 0.34 |
| (II) Diluted earnings per share | 0.26 | 0.34 |
In case of business combination involving enterprises under common control in this period, the net profits achieved by thecombined enterprise before combination were RMB and achieved by the combined enterprise in previous period wereRMB .Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting body: Zhang Guofu
4. Income statement of parent company
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Operating income | 1,181,482,077.84 | 1,539,490,099.77 |
| Subtract: Operating costs | 515,036,964.64 | 705,986,330.44 |
| Taxes and surcharges | 7,607,838.95 | 13,183,157.97 |
| Selling expenses | 378,366,771.01 | 458,628,205.12 |
| Management costs | 34,320,467.55 | 34,937,733.73 |
| Research and development expenses | 43,836,299.13 | 39,166,753.85 |
| Financial expenses | -24,017,455.42 | -16,056,509.16 |
| Including: interest expenditure | ||
| Interest revenue | 23,356,753.00 | 16,711,589.60 |
| Plus: other incomes | 60,984,341.53 | 49,933,331.14 |
| Income from investment (loss expressed with “-”) | 3,990,466.27 | 26,797,070.90 |
| Including: Income from investment of joint venture and cooperative enterprise | -1,513,281.46 | 765,101.56 |
| Income from derecognition of financial assets measured at amortized cost (loss expressed with “-”) | ||
| Net exposure hedging gain (loss expressed with “-”) | ||
| Income from fair value changes (loss expressed with “-”) | ||
| Credit impairment losses (loss expressed with “-”) | -2,687,972.28 | -8,366,352.76 |
| Assets impairment losses (loss expressed with “-”) | ||
| Income from disposal of assets (loss expressed with “-”) | ||
| II. Operating profit (loss to be filled out with the minus sign "-") | 288,618,027.50 | 372,008,477.10 |
| Plus: Non-operating income | 124,434.66 | 162,568.66 |
| Less: non-operating expenditure | 1,054,495.98 | 1,027,150.59 |
| III. Total profit (total loss to be filled out with the minus sign "-") | 287,687,966.18 | 371,143,895.17 |
| Less: Income tax expenses | 43,511,101.79 | 55,674,666.55 |
| IV. Net profit (net loss to be filled out with the minus sign "-") | 244,176,864.39 | 315,469,228.62 |
| (I) Net profits from going concern (net loss expressed with “-”) | 244,176,864.39 | 315,469,228.62 |
| (II) Net profits from discontinuing operation (net loss expressed with “-”) | ||
| V. Net amount of other comprehensive income after tax | -15,157,634.16 | |
| (I) Other comprehensive income that can't be reclassified into profit and loss | -15,157,634.16 | |
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan | ||
| 2. Other comprehensive income that can't be reclassified into profit and loss in the invested enterprise under equity method | ||
| 3. Fair value change of other equity instrument investments | -15,157,634.16 | |
| 4. Fair value change of enterprise credit risks | ||
| 5. Other | ||
| (II) Other comprehensive income that will be reclassified into profit and loss | ||
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method | ||
| 2. Fair value change of other debt investments | ||
| 3. Amount of financial assets reclassified into other comprehensive income |
| 4. Provision for credit impairment of other debt investments | ||
| 5. Cash flow hedging reserve | ||
| 6. Translation reserve | ||
| 7. Other | ||
| VI. Total comprehensive income | 229,019,230.23 | 315,469,228.62 |
| VII. Earnings per share | ||
| (I) Basic earnings per share | ||
| (II) Diluted earnings per share |
5. Consolidated statement of cash flow
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Cash flow from financing activities: | ||
| Cash from selling commodities or offering labor | 1,172,850,208.54 | 1,666,521,910.31 |
| Net increase of customer deposit and deposit from other banks | ||
| Net increase of borrowings from central bank | ||
| Net increase of borrowing funds from other financial institutions | ||
| Cash from obtaining original insurance contract premium | ||
| Cash received from insurance premium of original insurance contract | ||
| Net increase of deposit and investment of insured | ||
| Cash from interest, handling charges and commissions | ||
| Net increase of borrowing funds |
| Net increase of repurchase of business funds | ||
| Net cash from acting trading securities | ||
| Refund of tax and levies | 2,874.62 | |
| Other cash received related to operating activities | 90,996,539.87 | 79,071,487.32 |
| Subtotal cash inflows from operating activities | 1,263,849,623.03 | 1,745,593,397.63 |
| Cash paid for selling commodities or offering labor | 860,082,474.03 | 859,678,048.65 |
| Net increase of customer loans and advances | ||
| Net increase of amount due from central bank and interbank | ||
| Cash paid for original insurance contract claims payment | ||
| Net increase of lending funds | ||
| Cash paid for interest, handling charges and commissions | ||
| Cash paid for policy dividend | ||
| Cash paid to and for employees | 208,672,210.13 | 201,078,173.86 |
| Taxes and fees paid | 125,152,278.06 | 149,147,739.66 |
| Other cash paid related to operating activities | 314,660,992.17 | 365,785,631.43 |
| Subtotal cash outflows from operating activities | 1,508,567,954.39 | 1,575,689,593.60 |
| Net cash flow from operating activities | -244,718,331.36 | 169,903,804.03 |
| II. Cash flow from investment activities: | ||
| Cash from investment withdrawal | 410,000,000.00 | 1,100,000,000.00 |
| Cash from investment income | 21,341,703.75 | 30,078,778.55 |
| Net cash from disposal of |
| fixed assets, intangible assets and other long-term assets | ||
| Net cash received from the disposal of subsidiaries and other business entities | ||
| Other cash received related to investment activities | ||
| Subtotal cash inflows from investment activities | 431,341,703.75 | 1,130,078,778.55 |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long term assets | 44,099,181.67 | 62,052,605.31 |
| Cash paid for investment | 290,000,000.00 | 300,000,000.00 |
| Net cash received from reinsurance business | ||
| Net cash paid for obtaining subsidiaries and other business units | ||
| Other cash paid related to investment activities | ||
| Subtotal cash outflows from investment activities | 334,099,181.67 | 362,052,605.31 |
| Net cash flow from investment activities | 97,242,522.08 | 768,026,173.24 |
| III. Cash flow from financing activities: | ||
| Receipts from equity securities | ||
| Including: Cash received from subsidies’ absorption of minority shareholders’ investment | ||
| Cash received from borrowings | ||
| Other cash received related to financing activities | ||
| Subtotal cash inflows from financing activities | ||
| Cash repayments of amounts |
| borrowed | ||
| Cash paid for distribution of dividends or profits and for interest expenses | ||
| Including: Dividends and profits paid by subsidiaries to minority shareholders | ||
| Other cash paid related to financing activities | ||
| Subtotal cash outflows from financing activities | ||
| Net cash flow from financing activities | ||
| IV. Impact of exchange rate movements on cash and cash equivalents | 559,026.29 | -360,908.20 |
| V. Net increase of cash and cash equivalents | -146,916,782.99 | 937,569,069.07 |
| Plus: Balance of cash and cash equivalents at the beginning of the period | 4,029,296,265.50 | 2,177,219,858.85 |
| Balance of cash and cash equivalents at the end of the period | 3,882,379,482.51 | 3,114,788,927.92 |
6. Cash flow statement of parent company
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Cash flow from financing activities: | ||
| Cash from selling commodities or offering labor | 1,132,547,167.71 | 1,608,204,275.60 |
| Refund of tax and levies | ||
| Other cash received related to operating activities | 81,685,212.76 | 69,658,511.80 |
| Subtotal cash inflows from operating activities | 1,214,232,380.47 | 1,677,862,787.40 |
| Cash paid for selling | 849,183,540.54 | 844,370,878.94 |
| commodities or offering labor | ||
| Cash paid to and for employees | 168,160,457.31 | 164,437,252.18 |
| Taxes and fees paid | 112,089,484.74 | 126,273,724.88 |
| Other cash paid related to operating activities | 275,423,429.67 | 329,993,214.35 |
| Subtotal cash outflows from operating activities | 1,404,856,912.26 | 1,465,075,070.35 |
| Net cash flow from operating activities | -190,624,531.79 | 212,787,717.05 |
| II. Cash flow from investment activities: | ||
| Cash from investment withdrawal | 300,000,000.00 | 1,100,000,000.00 |
| Cash from investment income | 20,129,011.97 | 27,484,737.45 |
| Net cash from disposal of fixed assets, intangible assets and other long-term assets | ||
| Net cash received from the disposal of subsidiaries and other business entities | ||
| Other cash received related to investment activities | ||
| Subtotal cash inflows from investment activities | 320,129,011.97 | 1,127,484,737.45 |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long term assets | 43,273,878.67 | 61,445,207.92 |
| Cash paid for investment | 200,000,000.00 | 304,500,000.00 |
| Net cash paid for obtaining subsidiaries and other business units | ||
| Other cash paid related to investment activities | ||
| Subtotal cash outflows from investment activities | 243,273,878.67 | 365,945,207.92 |
| Net cash flow from investment activities | 76,855,133.30 | 761,539,529.53 |
| III. Cash flow from financing activities: | ||
| Receipts from equity securities | ||
| Cash received from borrowings | ||
| Other cash received related to financing activities | ||
| Subtotal cash inflows from financing activities | ||
| Cash repayments of amounts borrowed | ||
| Cash paid for distribution of dividends or profits and for interest expenses | ||
| Other cash paid related to financing activities | ||
| Subtotal cash outflows from financing activities | ||
| Net cash flow from financing activities | ||
| IV. Impact of exchange rate movements on cash and cash equivalents | 559,028.63 | -360,807.88 |
| V. Net increase of cash and cash equivalents | -113,210,369.86 | 973,966,438.70 |
| Plus: Balance of cash and cash equivalents at the beginning of the period | 3,951,074,513.16 | 2,000,183,395.66 |
| Balance of cash and cash equivalents at the end of the period | 3,837,864,143.30 | 2,974,149,834.36 |
II. Statement of adjustment to financial statements
1. Adjustment of relevant items in financial statements at the beginning of the first
implementation year as a result of first implementation of new income standards and newlease standards from 2020
□ Applicable √ Not applicable
2. Retrospective adjustment of early comparative data description as a result of first
implementation of new income standards or new lease standards from 2020
□ Applicable √ Not applicable
III. Audit reportWhether the first quarter report is audited
□Yes √No
The Company's first quarter report is unaudited.