Shenzhen Zhongheng Huafa Co., Ltd.
THE THIRD QUARTERLY REPORT FOR 2020
October 2020
Section I. Important NotesBoard of Directors and the Supervisory Committee of Shenzhen ZhonghengHuafa Co., Ltd. (hereinafter referred to as the Company) and its directors,supervisors and senior executives hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report,and shall take all responsibilities, individual and/or joint, for the reality,accuracy and completion of the whole contents.All directors of the Company are attended the Meeting for quarterly reportdeliberation.Principal of the Company Li Zhongqiu, Person in Charge of Accounting WorksYang Bin and Person in Charge of Accounting Organ (Accounting Officer) WuAijie hereby confirm that the Financial Report of the Third Quarterly Report isauthentic, accurate and complete.
Section II. Basic information of CompanyI. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
| Current period-end | Period-end of last year | Increase/decrease | ||||
| Total assets (RMB) | 629,862,182.02 | 614,163,899.86 | 2.56% | |||
| Net assets attributable to shareholders of listed company (RMB) | 334,384,583.96 | 329,428,049.89 | 1.50% | |||
| Current period | Increase/decrease in comparison with same period of last year | Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 200,183,800.78 | -4.59% | 500,887,222.16 | -8.77% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 1,685,488.94 | 111.67% | 4,851,086.49 | 43.66% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 1,108,517.51 | 634.45% | 4,276,413.97 | 114.84% | ||
| Net cash flow arising from operating activities (RMB) | -7,509,489.19 | -187.24% | 13,690,723.05 | -74.55% | ||
| Basic earnings per share (RMB/Share) | 0.0060 | 114.29% | 0.0171 | 43.70% | ||
| Diluted earnings per share (RMB/Share) | 0.0060 | 114.29% | 0.0171 | 43.70% | ||
| Weighted average ROE | 0.52% | 0.27% | 1.46% | 0.42% | ||
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
| Item | Amount from year-begin to end of the Period | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -93,373.67 |
| Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 574,800.00 | |
| Gains and losses from assets under trusted investment or management | 103,172.15 | |
| Other non-operating income and expenditure except for the aforementioned items | 99,775.23 | |
| Less: impact on income tax | 109,701.19 | |
| Total | 574,672.52 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss.
II. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
1. Total number of common shareholders at the end of this report period and top ten common shareholders
In Share
| Total common stock shareholders in reporting period-end | 21,195 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | |||||
| Top ten shareholders | ||||||||
| Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | |||
| State of share | Amount | |||||||
| Wuhan Zhongheng Group | Domestic non-state-owned legal person | 42.13% | 119,289,894 | 0 | Pledged | 116,100,000 | ||
| Frozen | 119,289,894 | |||||||
| SEG (HONG KONG) CO., LTD. | Overseas legal person | 5.85% | 16,569,560 | 0 | Pledged | 0 | ||
| Frozen | 0 | |||||||
| GOOD HOPE CORNER | Overseas legal person | 3.15% | 8,919,600 | 0 | Pledged | 0 | ||
| Frozen | 0 | |||||||
| INVESTMENTS LTD. | ||||||
| Changjiang Securities Brokerage (Hongkong) Co., Ltd. | Overseas legal person | 1.89% | 5,355,249 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Guoyuan Securities Brokerage (Hong Kong) Co., Ltd. | Overseas legal person | 1.37% | 3,870,117 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Li Zhongqiu | Overseas nature person | 1.00% | 2,830,000 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| LI SHERYN ZHAN MING | Overseas nature person | 0.51% | 1,446,100 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Shengyin Investment Co., Ltd. | Overseas legal person | 0.50% | 1,408,600 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| China Merchants Securities Hong Kong Limited | State-owned legal person | 0.47% | 1,328,288 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Li Senzhuang | Domestic nature person | 0.37% | 1,041,073 | 0 | Pledged | 0 |
| Frozen | 0 | |||||
| Particular about top ten shareholders with un-restrict shares held | ||||||
| Shareholders | Amount of un-restrict shares held | Type of shares | ||||
| Type | Amount | |||||
| Wuhan Zhongheng Group | 119,289,894 | RMB ordinary shares | 119,289,894 | |||
| SEG (HONG KONG) CO., LTD. | 16,569,560 | Domestically listed foreign shares | 16,569,560 | |||
| GOOD HOPE CORNER INVESTMENTS LTD. | 8,919,600 | Domestically listed foreign shares | 8,919,600 | |||
| Changjiang Securities Brokerage (Hongkong) Co., Ltd. | 5,355,249 | Domestically listed foreign shares | 5,355,249 | |||
| Guoyuan Securities Brokerage (Hong Kong) Co., Ltd. | 3,870,117 | Domestically listed foreign | 3,870,117 | |||
| shares | |||
| Li Zhongqiu | 2,830,000 | Domestically listed foreign shares | 2,830,000 |
| LI SHERYN ZHAN MING | 1,446,100 | Domestically listed foreign shares | 1,446,100 |
| Shengyin Investment Co., Ltd. | 1,408,600 | Domestically listed foreign shares | 1,408,600 |
| China Merchants Securities Hong Kong Limited | 1,328,288 | Domestically listed foreign shares | 1,328,288 |
| Li Senzhuang | 1,041,073 | Domestically listed foreign shares | 1,041,073 |
| Explanation on associated relationship among the top ten shareholders or consistent action | Among the top ten shareholders, Li Zhongqiu is the actual controller of Wuhan Zhongheng New Science & Technology Industrial Group Co., Ltd., Shengyin Investment Co., Ltd. is an overseas wholly-owned subsidiary of Wuhan Zhongheng New Science & Technology Industry Group Co., Ltd., and is a party acting in concert. The Company neither knew whether there exists associated relationship among the other shareholders, nor they belong to consistent actors that are prescribed in Measures for the Administration of Disclosure of Shareholder Equity Changes of Listed Companies. | ||
| Explanation on shareholders involving margin business about top ten common shareholders (if applicable) | N/A | ||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□Yes √ No
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing inreporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important eventsI. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
| Item | September 30, 2020 | January 1, 2020 | Y-o-y changes | Reasons |
| Accounts receivable | 179,807,950.94 | 138,755,691.43 | 29.59% | Export business increased in the current period |
| Receivable financing | 25,436,468.30 | 42,096,834.02 | -39.58% | Domestic sales decreased in the current period |
| Other receivables | 3,837,421.42 | 6,351,361.16 | -39.58% | Decrease in current accounts |
| Other current assets | 234,014.36 | 1,395,071.36 | -83.23% | The tax to be deducted is deducted for the current period. |
| Long-term prepaid expenses | 135,529.27 | 309,781.15 | -56.25% | Amortization of cloud service fee |
| Short-term loan | 13,660,894.00 | 24,633,898.20 | -44.54% | Short term loans returned to the bank in the current period. |
| Notes payable | 31,742,938.66 | 16,761,590.51 | 89.38% | Increase in bills issued in this period. |
| Advance payment | 2,575,945.15 | 356,446.21 | 622.67% | Some customer deposits are collected in advance. |
| Including: interest payable | 32,583.49 | 89,365.28 | -63.54% | Short-term borrowings decreased during the current period. |
| Deferred income | 4,108,410.00 | 2,331,720.00 | 76.20% | Received financial subsidies related to assets in this period |
| Item | January to September 2020 | January to September 2019 | Y-o-y changes | Reasons |
| Assets disposal income | -93,373.67 | 134,781.12 | -169.28% | Losses on disposal of assets in the current period |
| Non operating income | 681,877.61 | 1,022,432.24 | -33.31% | Decrease in corporate rewards in the previous period |
| Non operating expenses | 7,302.38 | 145,387.86 | -94.98% | Liquidated damages occurred in the previous period |
| Income tax expense | 1,333,529.74 | 688,384.81 | 93.72% | Increase in property profits during the period |
| Item | January to September 2020 | January to September 2019 | Y-o-y changes | Reasons |
| Net cash received from disposal | -33.53% | Disposal of old equipment in the |
| of fixed assets, intangible assets and other long-term assets | 213,913.05 | 321,800.00 | previous period |
| Cash paid for purchasing fixed, intangible and other long-term assets | 3,628,023.06 | 7,773,184.27 | -53.33% | Zhengzhou new workshop purchased production equipment in the previous period |
| Cash paid for investment | - | - | ||
| Cash received from loans | 20,610,902.80 | 184,128,246.40 | -88.81% | Repayment of short-term loans in the current period |
| Cash paid for debt payment | 40,370,812.20 | 224,996,378.63 | -82.06% | Repayment of short-term loans in the current period |
| Cash paid for dividend and profit distributing or interest paying | 6,089,776.45 | 8,351,111.69 | -27.08% | Repayment of short-term loans in the current period |
| Impact on cash or cash equivalent from change of foreign exchange | -509,270.83 | 276,036.36 | 284.49% | The impact of exchange rate fluctuations |
II. Progress of significant events, their influences, and analysis and explanation of theirsolutions
√ Applicable □Not applicable
(i) The Company signed Asset Exchange Contract with Wuhan Zhongheng New Science & Technology IndustrialGroup Co., Ltd. (Hereinafter referred to as "Wuhan Zhongheng Group") on 29 April 2009 (details were referred toin the announcement dated 30 April 2009), and pursuant to the contract, since part of the assets of the Company(namely two parcel of industrial lands located at Huafa road, Gongming town, Guangming new district, Shenzhen(the property certificate No. were SFDZ No.7226760 and SFDZ No.7226763, No. of parcels were A627-005andA627-007, and the aggregate area was 48,200 sq.m) were the lands listed in the first batch of plan for 2010Shenzhen urbanization unit planning preparation plan. For promotion of such urbanization project and jointcooperation, the Company has not completed the transfer procedures in respect of the aforesaid land.The Company convoked the first extraordinary meeting of the Board in 2015 on February 16, 2015 and the firstextraordinary general meeting of the Board in 2015 on March 4, 2015, which considered and approved the“Motion on promoting and implementing the urban renewal project for the renewal units of Huafa area atGongming street, Guangming new district, Shenzhen”, specified that the Company and Wuhan Zhongheng Groupshall obtain the corresponding compensatory consideration for removal from the respectively owned project plotsand the respectively contributed and constructed above-ground buildings before the land development, it isestimated that the compensatory consideration obtained by the Company accounts for 50.5% of the totalconsideration and Wuhan Zhongheng Group accounts for 49.5% by calculation.The sixth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting haveconsidered and adopted the “Proposal on the project promotion and implementation of urban renewal and theprogress of related transactions of ‘the updated units at Huafa Area, Gong Ming Street, Guangming New District,
Shenzhen’”, the company has signed the “Agreement on the cooperation of urban renewal project of the updatedunits at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen”, “Contract for the cooperativeventure of reconstruction project for Huafa Industrial Park, Gong Ming Street, Guangming New District” and“Agreement on housing acquisition and removal compensation and resettlement” with Wuhan Zhongheng Group,Shenzhen Vanke Real Estate Co., Ltd. (hereinafter referred to as “Shenzhen Vanke”), and Shenzhen VankeGuangming Real Estate Development Co., Ltd. (hereinafter referred to as “Vanke Guangming”).On 12 September 2016, Shenzhen Vanke applied for arbitration in respect of “Agreement on the cooperation ofurban renewal project of the updated units at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen”against the Company and Wuhan Zhongheng Group. Shenzhen Court of International Arbitration (SCIA) hasgiven a ruling in August 2017. On August 29, 2018, the court accepted the compulsory execution application ofShenzhen Vanke. In October 2019, as a number of outsiders filed an “execution objection” and applied for “noexecution” to Shenzhen Intermediate People’s Court, the Shenzhen Intermediate People’s Court ruled to terminatethe enforcement procedure on March 20, 2020. If the “execution objection” and “no execution” proposed byoutsiders are rejected according to law, Shenzhen Vanke may continue to apply to the Shenzhen IntermediatePeople’s Court to resume execution. Progress of the case found more in the Notices released on Juchao website(www.cninfo.com.cn) dated 14 Sept. 2016, 1 Nov. 2016, 16 Nov. 2016, on 18 Feb. 2017, 24 March 2017, 25 April2017, 1 July 2017, 18 August 2017, 9 Feb. 2018, 25 Aug. 2018 and 7 Sept. 2018 respectively.(ii) On 31 December 2015, the 88,750,047 shares held by Wuhan Zhongheng Group, are pledge to ChinaMerchants Securities Assets Co., Ltd. with due date of 31 December 2016. on 1 Feb. 2016, Wuhan ZhonghengGroup pledge the 27,349,953 shares held to China Merchants Securities Assets Co., Ltd. with due date of 31December 2016. The above-mentioned pledged shares are deferred by Wuhan Zhongheng Group; pledge expiredon 31 December 2017. The trading day for repurchase put off to the date when pledge actually removed. Till endof this period released, controlling shareholder still not removed the pledge and the Company has apply by letter,relevant Notice of Presentment on Stock Pledge from Controlling Shareholder was released. Found more in noticereleased on Juchao website (www.cninfo.com.cn) date 2 Feb. 2018.(iii) The controlling shareholder Wuhan Zhongheng Group holds 119,289,894 shares of the Company’ stock,accounting for 42.13% of the total share capital of the Company, of which 116,489,894 shares were judicially frozenby Shenzhen Intermediate People's Court (hereinafter referred to as "Shenzhen Intermediate Court") on September27, 2016, which were frozen again by the Shenzhen Intermediate People's Court on December 14, 2018, with afrozen period of 36 months; the remaining 2,800,000 shares were frozen by the Shenzhen Intermediate People'sCourt on May 29, 2019, and were frozen again by the Higher People’s Court of Guangdong Province on July 5,2019. For details, please refer to the company’s announcements published on www.cninfo.com.cn on October 27,2016, January 11, 2019, May 31, 2019 and August 7, 2019.(iv) On September 29, 2016, the company and its controlling shareholder, Wuhan Zhongheng Group, signed the“Agency Contract” with V&T Law Firm. On October 8, 2016, the three parties also signed the “SupplementalAgreement for Agency Contract”, it was agreed that V&T acted as an agent for the company and WuhanZhongheng Group to deal with the arbitration case with Shenzhen Vanke. After losing the lawsuit, due todifferences in the payment of attorney fees, V&T sued our company and Wuhan Zhongheng Group to the
Shenzhen Court of International Arbitration, and applied to the court to seize a bank account under our company’sname and part of our company dormitories, please refer to “Other Announcements on the Progress InvolvingLitigation and Arbitration” (Announcement Numbers: 2018-43, 2019-02) released by our company onwww.cninfo.com on November 14, 2018 and March 6, 2019. 02. In November 2019, the Shenzhen Court ofInternational Arbitration ruled that the company and Wuhan Zhongheng Group paid the corresponding fees.According to the “Agency Contract” and “Supplemental Agreement for Agency Contract” signed by the threeparties, the loss of the arbitrament in this case was borne by Wuhan Zhongheng Group, so it had no impact on thecompany’s 2019 annual profit. For details, see the company’s “Other Announcements on the Progress InvolvingLitigation and Arbitration” (Announcement No.: 2019-34) released on www.cninfo.com.cn on November 25,2019.(v) On April 29, 2009, the company signed an Asset Replacement Contract with Wuhan Zhongheng Group.According to the contract, the company would use the the land use rights of two plots of land located at HuafaRoad, Gongming Town, Bao’an District, Shenzhen, i.e. land parcel number A627-0005 (real estate registrationnumber 8000101219) and A627-0007 (real estate registration number 8000101218), which are worth 18.55million yuan, to increase capital to Shenzhen Zhongheng Huafa Technology Co., Ltd. (hereinafter referred to as"Huafa Technology") and transfer ownership to Huafa Technology, Wuhan Zhongheng Group replaced thecompany's 100% equity in Huafa Technology with its 56% equity in Wuhan Hengfa Technology Co., Ltd.. For themain content of the above-mentioned Asset Replacement Contract, please refer to the Announcement on RelatedTransactions of Asset Replacement with Controlling Shareholders published by the company on cninfo on April30, 2009, with the announcement number 2009-17. After Wuhan Zhongheng Group fulfilled its obligations underthe Asset Replacement Contract, the company transferred 100% of its equity in Huafa Technology to WuhanZhongheng Group on December 21, 2009; the company also handed over the above two plots of land to HuafaTechnology for possession, management, and use, but the land use right has not been transferred to HuafaTechnology. In April 2020, the company received a court summons, Huafa Technology sued the company,demanding that the company transfer the above two plots of land and compensate economic losses of 52 millionyuan. As of the disclosure date of this report, the case has not yet been decided.
| Overview | Date for disclosure | Information index for temporary report disclosure |
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments that the company, shareholders, actual controller, offeror, directors,supervisors, senior management or other related parties have fulfilled during the reportingperiod and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or
other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.IV. Financial asset investment
1. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
2. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of 2020 business performance
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
| Type | Capital resources | Amount for entrust | Balance un-expired | Overdue amount |
| Bank financing product | Own funds | 4,500 | 0 | 0 |
| Total | 4,500 | 0 | 0 | |
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed:
□ Applicable √ Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.
XI. Registration form for receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Reception time | Reception location | Reception way | Reception object type | Reception object | The main content of the discussion and the information provided | Index of the basic situation of the survey |
| July 01, 2020 | Huafa Building | Telephone communication | Individual | Individual investor | Understand the company's operations and urban renewal projects. | N/A |
Section IV. Financial StatementI. Financial statement
1. Consolidate balance sheet
Prepared by SHENZHEN ZHONGHENG HUAFA CO., LTD.
September 30, 2020
In RMB
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 39,824,405.18 | 38,095,501.00 |
| Settlement provisions | ||
| Capital lent | ||
| Tradable financial assets | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | 179,807,950.94 | 138,755,691.43 |
| Receivable financing | 25,436,468.30 | 42,096,834.02 |
| Accounts paid in advance | 27,830,306.40 | 23,007,637.46 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 3,837,421.42 | 6,351,361.16 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 61,964,943.06 | 66,971,551.96 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 234,014.36 | 1,395,071.36 |
| Total current assets | 338,935,509.66 | 316,673,648.39 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | ||
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 47,656,744.87 | 48,952,992.57 |
| Fixed assets | 194,154,090.62 | 198,229,817.31 |
| Construction in progress | 740,000.00 | |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 41,211,247.60 | 42,968,600.44 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 135,529.27 | 309,781.15 |
| Deferred income tax asset | 6,803,360.00 | 6,803,360.00 |
| Other non-current asset | 225,700.00 | 225,700.00 |
| Total non-current asset | 290,926,672.36 | 297,490,251.47 |
| Total assets | 629,862,182.02 | 614,163,899.86 |
| Current liabilities: | ||
| Short-term loans | 13,660,894.00 | 24,633,898.20 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 31,742,938.66 | 16,761,590.51 |
| Account payable | 117,058,166.53 | 108,804,905.20 |
| Accounts received in advance | 2,575,945.15 | 356,446.21 |
| Contractual liability | ||
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 5,068,809.76 | 5,877,341.25 |
| Taxes payable | 12,180,401.27 | 12,877,944.98 |
| Other account payable | 33,017,621.69 | 28,027,592.62 |
| Including: Interest payable | 32,583.49 | 89,365.28 |
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 12,000,000.00 | 12,000,000.00 |
| Other current liabilities | ||
| Total current liabilities | 227,304,777.06 | 209,339,718.97 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 64,000,000.00 | 73,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 64,411.00 | 64,411.00 |
| Deferred income | 4,108,410.00 | 2,331,720.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 68,172,821.00 | 75,396,131.00 |
| Total liabilities | 295,477,598.06 | 284,735,849.97 |
| Owner’s equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,587,271.50 | 146,587,271.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 77,391,593.25 | 77,391,593.25 |
| Provision of general risk | ||
| Retained profit | -172,755,507.79 | -177,712,041.86 |
| Total owner’ s equity attributable to parent company | 334,384,583.96 | 329,428,049.89 |
| Minority interests | ||
| Total owner’ s equity | 334,384,583.96 | 329,428,049.89 |
| Total liabilities and owner’ s equity | 629,862,182.02 | 614,163,899.86 |
Legal representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institution: Wu Aijie
2. Balance Sheet of Parent Company
In RMB
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 3,064,933.72 | 3,494,245.90 |
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | ||
| Receivable financing |
| Accounts paid in advance | 68,192.99 | |
| Other account receivable | 97,110,935.46 | 97,165,023.85 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Inventories | 14,806.50 | 14,806.50 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 173,950.26 | |
| Total current assets | 100,258,868.67 | 100,848,026.51 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investments | 186,608,900.00 | 186,608,900.00 |
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | 24,259,999.08 | 25,166,301.06 |
| Fixed assets | 97,610,095.73 | 98,410,024.38 |
| Construction in progress | 740,000.00 | |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 4,444,999.95 | 4,553,709.24 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | 7,367,646.35 | 7,367,646.35 |
| Other non-current assets | ||
| Total non-current assets | 321,031,641.11 | 322,106,581.03 |
| Total assets | 421,290,509.78 | 422,954,607.54 |
| Current liabilities | ||
| Short-term borrowings |
| Trading financial liability | ||
| Derivative financial liability | ||
| Notes payable | ||
| Account payable | 9,740,367.33 | 10,745,840.16 |
| Accounts received in advance | 160,847.09 | 57,266.01 |
| Contractual liability | ||
| Wage payable | 819,533.72 | 1,220,979.02 |
| Taxes payable | 7,112,824.21 | 8,489,130.72 |
| Other accounts payable | 25,669,534.23 | 19,100,375.42 |
| Including: Interest payable | ||
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 12,000,000.00 | 12,000,000.00 |
| Other current liabilities | ||
| Total current liabilities | 55,503,106.58 | 51,613,591.33 |
| Non-current liabilities: | ||
| Long-term loans | 64,000,000.00 | 73,000,000.00 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long term employee compensation payable | ||
| Accrued liabilities | 64,411.00 | 64,411.00 |
| Deferred income | ||
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 64,064,411.00 | 73,064,411.00 |
| Total liabilities | 119,567,517.58 | 124,678,002.33 |
| Owners’ equity: | ||
| Share capital | 283,161,227.00 | 283,161,227.00 |
| Other equity instrument |
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 146,587,271.50 | 146,587,271.50 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Special reserve | ||
| Surplus reserve | 77,391,593.25 | 77,391,593.25 |
| Retained profit | -205,417,099.55 | -208,863,486.54 |
| Total owner’s equity | 301,722,992.20 | 298,276,605.21 |
| Total liabilities and owner’s equity | 421,290,509.78 | 422,954,607.54 |
3. Consolidated Profit Statement (the period)
In RMB
| Item | Current period | Last period |
| I. Total operating income | 200,183,800.78 | 209,822,500.84 |
| Including: Operating income | 200,183,800.78 | 209,822,500.84 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 198,978,797.84 | 210,763,371.30 |
| Including: Operating cost | 172,811,283.22 | 189,516,582.40 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Tax and extras | 693,909.50 | 935,427.72 |
| Sales expense | 5,795,363.14 | 5,427,379.54 |
| Administrative expense | 12,584,638.24 | 11,289,287.85 |
| R&D expense | 1,889,829.18 | 1,810,336.10 |
| Financial expense | 5,203,774.56 | 1,784,357.69 |
| Including: Interest expenses | 2,602,455.65 | 2,581,721.35 |
| Interest income | -706,051.52 | -125,377.00 |
| Add: other income | 297,083.00 | 590,800.00 |
| Investment income (Loss is listed with “-”) | 36,391.75 | 25,798.17 |
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | |
| Income from assets disposal (Loss is listed with “-”) | 6,493.86 | 5,741.55 |
| III. Operating profit (Loss is listed with “-”) | 1,544,971.55 | 235,370.94 |
| Add: Non-operating income | 636,677.55 | 789,674.24 |
| Less: Non-operating expense | 144,287.86 | |
| IV. Total profit (Loss is listed with “-”) | 2,181,649.10 | 880,757.32 |
| Less: Income tax expense | 496,160.16 | 84,474.73 |
| V. Net profit (Net loss is listed with “-”) | 1,685,488.94 | 796,282.59 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 1,685,488.94 | 796,282.59 |
| 2.termination of net profit (net loss listed with ‘-”) |
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 1,685,488.94 | 796,282.59 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency |
| financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 1,685,488.94 | 796,282.59 |
| Total comprehensive income attributable to owners of parent Company | 1,685,488.94 | 796,282.59 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0060 | 0.0028 |
| (ii) Diluted earnings per share | 0.0060 | 0.0028 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, andrealized 0 Yuan at last period for combined partyLegal representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institution: Wu Aijie
4. Profit Statement of Parent Company (the period)
In RMB
| Item | Current period | Last period |
| I. Operating income | 9,700,766.65 | 9,961,436.61 |
| Less: Operating cost | 2,010,843.62 | 2,069,605.63 |
| Taxes and surcharge | 292,882.29 | 391,785.64 |
| Sales expenses | ||
| Administration expenses | 4,904,736.24 | 5,609,016.68 |
| R&D expenses | ||
| Financial expenses | 1,899,186.60 | 2,148,813.04 |
| Including: interest expenses | 1,897,345.14 | 2,145,901.94 |
| Interest income | -15,379.69 | -2,564.86 |
| Add: other income | ||
| Investment income (Loss is |
| listed with “-”) | ||
| Including: Investment income on affiliated Company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | |
| Income on disposal of assets (Loss is listed with “-”) | 970.87 | |
| II. Operating profit (Loss is listed with “-”) | 593,117.90 | 297,088.17 |
| Add: Non-operating income | 70,901.00 | 717,590.27 |
| Less: Non-operating expense | 103,732.84 | |
| III. Total Profit (Loss is listed with “-”) | 664,018.90 | 910,945.60 |
| Less: Income tax | 166,004.73 | 123,929.34 |
| IV. Net profit (Net loss is listed with “-”) | 498,014.17 | 787,016.26 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 498,014.17 | 787,016.26 |
| (ii) termination of net profit (net loss listed with ‘-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss |
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| VI. Total comprehensive income | 498,014.17 | 787,016.26 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0018 | 0.0028 |
| (ii) Diluted earnings per share | 0.0018 | 0.0028 |
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 500,887,222.16 | 549,012,674.89 |
| Including: Operating income | 500,887,222.16 | 549,012,674.89 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and |
| commission income | ||
| II. Total operating cost | 496,032,602.64 | 547,196,425.35 |
| Including: Operating cost | 436,770,935.85 | 487,096,790.74 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Tax and extras | 1,697,965.55 | 2,245,537.72 |
| Sales expense | 14,895,442.53 | 14,557,759.76 |
| Administrative expense | 29,667,000.90 | 30,906,279.24 |
| R&D expense | 4,313,254.44 | 5,537,328.96 |
| Financial expense | 8,688,003.37 | 6,852,728.93 |
| Including: Interest expenses | 6,620,657.92 | 7,937,398.27 |
| Interest income | -694,194.83 | -544,713.28 |
| Add: other income | 645,623.00 | 590,800.00 |
| Investment income (Loss is listed with “-”) | 103,172.15 | 100,734.31 |
| Including: Investment income on affiliated company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | -8,432.50 |
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | |
| Income from assets disposal (Loss is listed with “-”) | -93,373.67 | 134,781.12 |
| III. Operating profit (Loss is listed with “-”) | 5,510,041.00 | 3,188,034.15 |
| Add: Non-operating income | 681,877.61 | 1,022,432.24 |
| Less: Non-operating expense | 7,302.38 | 145,387.86 |
| IV. Total profit (Loss is listed with “-”) | 6,184,616.23 | 4,065,078.53 |
| Less: Income tax expense | 1,333,529.74 | 688,384.81 |
| V. Net profit (Net loss is listed with “-”) | 4,851,086.49 | 3,376,693.72 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 4,851,086.49 | 3,376,693.72 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 4,851,086.49 | 3,376,693.72 |
| 2.Minority shareholders’ gains and losses | ||
| VI. Net after-tax of other comprehensive income | ||
| Net after-tax of other comprehensive income attributable to owners of parent company | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk |
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | ||
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 4,851,086.49 | 3,376,693.72 |
| Total comprehensive income attributable to owners of parent Company | 4,851,086.49 | 3,376,693.72 |
| Total comprehensive income attributable to minority shareholders | ||
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0171 | 0.0119 |
| (ii) Diluted earnings per share | 0.0171 | 0.0119 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, andrealized 0 Yuan at last period for combined partyLegal representative: Li ZhongqiuPerson in charge of accounting works: Yang BinPerson in charge of accounting institution: Wu Aijie
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 26,421,289.12 | 28,002,571.92 |
| Less: Operating cost | 4,051,069.73 | 5,241,637.22 |
| Taxes and surcharge | 835,591.62 | 953,846.69 |
| Sales expenses | ||
| Administration expenses | 11,112,937.22 | 14,633,411.18 |
| R&D expenses | ||
| Financial expenses | 5,915,163.69 | 6,572,512.09 |
| Including: interest expenses | 5,915,547.41 | 6,544,235.24 |
| Interest income | -8,498.23 | -12,502.96 |
| Add: other income | ||
| Investment income (Loss is listed with “-”) | ||
| Including: Investment income on affiliated Company and joint venture | ||
| The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Changing income of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | ||
| Losses of devaluation of asset (Loss is listed with “-”) | 553,901.68 | |
| Income on disposal of assets (Loss is listed with “-”) | 970.87 | |
| II. Operating profit (Loss is listed with “-”) | 4,506,526.86 | 1,156,037.29 |
| Add: Non-operating income | 88,655.80 | 718,890.27 |
| Less: Non-operating expense | 103,732.84 | |
| III. Total Profit (Loss is listed with “-”) | 4,595,182.66 | 1,771,194.72 |
| Less: Income tax | 1,148,795.67 | 338,991.62 |
| IV. Net profit (Net loss is listed with “-”) | 3,446,386.99 | 1,432,203.10 |
| (i)continuous operating net profit (net loss listed with ‘-”) | 3,446,386.99 | 1,432,203.10 |
| (ii) termination of net profit (net loss listed with ‘-”) | ||
| V. Net after-tax of other comprehensive income | ||
| (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign |
| currency financial statements | ||
| 7.Other | ||
| VI. Total comprehensive income | 3,446,386.99 | 1,432,203.10 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | 0.0122 | 0.0051 |
| (ii) Diluted earnings per share | 0.0122 | 0.0051 |
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 404,327,921.90 | 414,860,034.76 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | 105,447.58 | |
| Other cash received concerning operating activities | 18,415,376.92 | 14,532,454.74 |
| Subtotal of cash inflow arising from operating activities | 422,848,746.40 | 429,392,489.50 |
| Cash paid for purchasing | 316,753,970.40 | 269,022,454.37 |
| commodities and receiving labor service | ||
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 43,987,629.67 | 48,855,955.01 |
| Taxes paid | 6,909,436.73 | 7,705,078.65 |
| Other cash paid concerning operating activities | 41,506,986.55 | 50,006,770.55 |
| Subtotal of cash outflow arising from operating activities | 409,158,023.35 | 375,590,258.58 |
| Net cash flows arising from operating activities | 13,690,723.05 | 53,802,230.92 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | ||
| Cash received from investment income | 85,357.08 | 100,725.72 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 213,913.05 | 321,800.00 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 45,000,000.00 | 50,000,000.00 |
| Subtotal of cash inflow from investing activities | 45,299,270.13 | 50,422,525.72 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 3,628,023.06 | 7,773,184.27 |
| Cash paid for investment | ||
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained |
| Other cash paid concerning investing activities | 45,000,000.00 | 50,000,000.00 |
| Subtotal of cash outflow from investing activities | 48,628,023.06 | 57,773,184.27 |
| Net cash flows arising from investing activities | -3,328,752.93 | -7,350,658.55 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | ||
| Cash received from loans | 20,610,902.80 | 184,128,246.40 |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 20,610,902.80 | 184,128,246.40 |
| Cash paid for settling debts | 40,370,812.20 | 224,996,378.63 |
| Cash paid for dividend and profit distributing or interest paying | 6,089,776.45 | 8,351,111.69 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 46,460,588.65 | 233,347,490.32 |
| Net cash flows arising from financing activities | -25,849,685.85 | -49,219,243.92 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | -509,270.83 | 276,036.36 |
| V. Net increase of cash and cash equivalents | -15,996,986.56 | -2,491,635.19 |
| Add: Balance of cash and cash equivalents at the period -begin | 36,645,061.61 | 27,961,209.60 |
| VI. Balance of cash and cash equivalents at the period -end | 20,648,075.05 | 25,469,574.41 |
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 29,740,862.92 | 20,170,963.62 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 12,173,422.70 | 115,634,867.63 |
| Subtotal of cash inflow arising from operating activities | 41,914,285.62 | 135,805,831.25 |
| Cash paid for purchasing commodities and receiving labor service | ||
| Cash paid to/for staff and workers | 2,887,228.68 | 2,647,115.02 |
| Taxes paid | 3,018,731.15 | 1,683,890.02 |
| Other cash paid concerning operating activities | 22,290,833.36 | 122,196,203.72 |
| Subtotal of cash outflow arising from operating activities | 28,196,793.19 | 126,527,208.76 |
| Net cash flows arising from operating activities | 13,717,492.43 | 9,278,622.49 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | ||
| Cash received from investment income | ||
| Net cash received from disposal of fixed, intangible and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | ||
| Cash paid for purchasing fixed, intangible and other long-term assets | 5,412.95 | |
| Cash paid for investment | ||
| Net cash received from subsidiaries and other units obtained |
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 5,412.95 | |
| Net cash flows arising from investing activities | -5,412.95 | |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 90,000,000.00 | |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 90,000,000.00 | |
| Cash paid for settling debts | 9,000,000.00 | 102,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 5,263,469.61 | 6,544,235.24 |
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 14,263,469.61 | 108,544,235.24 |
| Net cash flows arising from financing activities | -14,263,469.61 | -18,544,235.24 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | ||
| V. Net increase of cash and cash equivalents | -545,977.18 | -9,271,025.70 |
| Add: Balance of cash and cash equivalents at the period -begin | 2,046,143.44 | 12,024,179.58 |
| VI. Balance of cash and cash equivalents at the period -end | 1,500,166.26 | 2,753,153.88 |
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new revenuerules and new leasing rules from 2020
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules andnew leasing rules from 2020
□Applicable √Not applicable
III. Audit report
Whether the 3
rdquarterly report has been audited or not
□Yes √ No
The 3
rdquarterly report of the Company has not been audited.