Bengang Steel Plates Co., Ltd.
Third Quarter Report 2018
October 2018
I. Important Notice
The Board of Directors, the Supervisory Committee and the Directors, members ofthe Supervisory Committee and senior management of the Company guarantee thatthere are no misrepresentations or misleading statements, or material omission in thisreport, and individually and collectively accept full responsibility for the authenticity,accuracy and integrity of the information contained in this report.
All the members of the Board of Directors attended the board meeting on which thisreport was examined.
Wang Shu, Chairman of the Company, Gao Lie, the principal in charge of theaccounting, and Zhao Zhonghua, Chief of Accounting Affairs, make the pledge forthe authenticity, accuracy and integrity of the attached financial statements.
II. Company Profile
I. Summary of Accounting data and Financial index
Whether the Company makes retroactive adjustment or restatement of the accounting data of the previous year
□ Yes √ No
At the end of the current period | At the end of previous year | Increase or decrease in this reporting period over the previous year | ||||
Total assets(RMB) | 59,738,861,908.85 | 62,998,143,513.02 | -5.17% | |||
Net assets attributable to shareholders of the listed company(RMB) | 18,931,762,047.50 | 14,315,588,729.00 | 32.25% | |||
This reporting period | Increase or decrease compared to the same period of the previous year | From the beginning of the year to the end of the current period | Compare to the same period of the previous year | |||
Operating income(RMB) | 13,313,390,671.44 | 38.10% | 36,754,638,048.58 | 20.99% | ||
Net profit attributable to the shareholders of the listed company(RMB) | 68,230,224.01 | -91.58% | 825,182,211.60 | -38.16% | ||
Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company(RMB) | 51,745,834.17 | -93.56% | 776,668,790.16 | -40.83% | ||
Net Cash flow generated by business operation(RMB) | -- | -- | 6,933,467,399.98 | 269.00% | ||
Basic earnings per share(RMB/Share) | 0.02 | -92.31% | 0.21 | -51.16% | ||
Diluted gains per share(RMB/Share) | 0.02 | -92.31% | 0.21 | -51.16% | ||
Weighted average net assets yield (%) | 0.36% | -5.82% | 4.96% | -5.01% |
Items and amount of non-recurring profit and loss
√ Applicable □ Not applicable
Unit: RMB
Items | From the beginning of the year to the end of the current period | Notes |
Profit or loss from disposal of non-current assets (including the write-off part for which assets impairment provision is made) | -848,283.58 | |
Details of government subsidies recorded into current profits and loss(except such government subsidy closely related to the company’s normal business operation, meeting the regulation of national policy and enjoyed constantly in certain quota or quantity according to a certain standard) | 63,413,797.03 | |
Profit or loss from debt restructuring | 945,892.23 | |
Other non-operating revenue and expenditure other than above items | 1,347,426.82 | |
Less: Impact of income tax | 16,214,708.13 | |
Impact of minority interests (after tax) | 130,702.93 | |
Total | 48,513,421.44 | -- |
For the Company’s non-recurring profit and loss items as defined in “the Explanatory Announcement No.1 on information disclosurefor Companies Offering their Securities to the Public-Non-recurring Profits and Losses” and its non-recurring profit and loss items asillustrated in “the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securities to thePublic-Non-recurring Profits and Losses” which have been defined as recurring profits and losses, it is necessary to explain the
reason.
□ Applicable √ Not applicableNone of Non-recurring profit and loss items recognized as recurring profit and loss items as defined by “the Explanatory
Announcement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Profits and
Losses” in the report period.
II. Total Number of Shareholders and Shareholding of top 10 shareholders
1. Total number of common shareholders, preferred shareholders whose voting rights restored, and
shareholding of top 10 shareholders
Unit: Share
Total number of common shareholders at the end of the reporting period | 62,373 | The total number of preferred shareholders whose voting rights has been restored at end of the reporting period (if any) | 0 | ||||
Shareholding by Top 10 shareholders | |||||||
Name of the | Nature of | Proportion of | Quantity of | Amount of | Number of share pledged/frozen |
shareholder | shareholder | shares held | shares | restricted shares held | State of share | Quantity |
Benxi Steel & Iron (Group) Co., Ltd. | State-owned legal person | 60.78% | 2,355,409,263 | Pledged | 1,523,095,133 | |
Frozen | 45,000,000 | |||||
Liaoning Provincial Transportation Investment Group Co., Ltd. | State-owned legal person | 4.77% | 184,842,883 | 184,842,883 | ||
CCB Principal Asset Management – ICBC – CR Trust – CR Trust · Xing Sheng No. 5 Collective Fund Trust Plan | Others | 4.77% | 184,842,883 | 184,842,883 | ||
Bei Xin Rui Feng Fund – China Merchants Bank – Bei Xin Rui Feng Fund Feng Qing No. 229 Asset Management Plan | Others | 4.77% | 184,842,883 | 184,842,883 | ||
China Life AMP Fund– ICBC – China Life AMP – Hua Xin Trust Targeted Additional Shares Issuance No. 10 Asset Management Plan | Others | 4.77% | 184,842,883 | 184,842,883 | ||
VANGUARD EMERGING MARKETS STOCK INDEX FUND | Overseas legal person | 0.21% | 8,157,311 | |||
Chen Jinhong | Domestic natural person | 0.19% | 7,264,500 |
Lyu Ruijun | Domestic natural person | 0.13% | 5,188,800 | |||
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | Overseas legal person | 0.12% | 4,606,141 | |||
Agricultural bank of China - China Securities 500 Trading Open Index Securities Investment Fund | Others | 0.10% | 4,060,900 | |||
Shareholding of top 10 shareholders of unrestricted shares | ||||||
Name of the shareholder | Number of non-restricted common shares held at the period-end | Category of shares | ||||
Category of shares | Quantity | |||||
Benxi Steel & Iron (Group) Co., Ltd. | 2,355,409,263 | Common shares in RMB | 2,355,409,263 | |||
VANGUARD EMERGING MARKETS STOCK INDEX FUND | 8,157,311 | Foreign shares placed in domestic exchange | 8,157,311 | |||
Chen Jinhong | 7,264,500 | Common shares in RMB | 7,264,500 | |||
Lyu Ruijun | 5,188,800 | Foreign shares placed in domestic exchange | 5,188,800 | |||
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | 4,606,141 | Foreign shares placed in domestic exchange | 4,606,141 | |||
Agricultural bank of China - China Securities 500 Trading Open Index Securities Investment Fund | 4,060,900 | Common shares in RMB | 4,060,900 | |||
Yu Xiaofan | 4,002,707 | Foreign shares placed in domestic exchange | 4,002,707 |
Xu Hekun | 3,738,800 | Foreign shares placed in domestic exchange | 3,738,800 |
Haitong International Securities Company Limited-Account Client | 3,211,109 | Foreign shares placed in domestic exchange | 3,211,109 |
Sui Yu | 3,203,700 | Common shares in RMB | 3,203,700 |
Related-parties or acting-in-concert parties among the above-mentioned shareholders | It is unknown to the Company whether there is any related connection or action-in-concert parties among the top 10 un-restricted shareholders. | ||
Shareholders among the top 10 participating in securities margin trading (if any) | Benxi Steel & Iron (Group) Co., Ltd. holds 2,105,409,263 shares of the company through an ordinary securities account, and holds 250,000,000 shares through the investor's credit securities account, therefore, it holds a total of 2,355,409,263 shares. Sui Yu holds 3,203,700 shares of the company through an investor's credit securities account. |
Whether top 10 common shareholders and top 10 un-restricted common shareholders have a buy-back agreementdealing in reporting period
□ Yes √ No
Top 10 common shareholders and top 10 un-restricted common shareholders had no buy-back agreement dealingin reporting period.
2. Total Number of Preferred Shareholders and Shareholding of Top 10 Preferred Shareholders
□ Applicable √ Not applicable
III. Important Events
I. Major Changes in Financial Data and Financial Index And Reason
√ Applicable □ Not applicable? Items and reasons for the changes of more than 30% compared with the beginning of the year in the consolidated statement
1. Statement of Financial Position | Increase / Decrease | Reasons |
Notes receivable and Accounts receivable | -32% | Due to the increase of payment of notes receivable in the current period |
Other current assets | -73% | Due to the reduction of short-term banking products at the end of this period |
Tax payable | -31% | Due to the decrease of VAT payable at the end of this period |
Non-current liabilities due within one year | -61% | Due to the decrease in long-term loans due within one year |
Other current liabilities | 142% | Due to the increase of accrued output VAT in the current period |
Long-term loans | 173% | Due to the increase of long-term loans in the current period |
Capital reserves | 35% | Due to the premium of targeted additional shares issuance |
Special reserves | 3584% | Due to the decrease of payment of safety production cost |
Undistributed profits | 57% | Due to the increase of net profit |
? Items and reasons for the changes of more than 30% compared to January to September 2017 in the consolidated statement
2. Statement of comprehensive income | Increase / Decrease | Reasons |
Taxes and surcharges | 31% | Due to the increase of VAT payable and surcharges |
Financial expenses | 224% | Due to the change of net exchange loss |
Asset impairment loss | -39% | Due to the increase of the price of products and the decrease of reversal of stock provision |
Other income | 176% | Due to the increase of deferred income of government subsidies |
Asset disposal income | -68% | Due to the decrease of disposal income on fixed assets |
Non-operating income | -70% | Due to the decrease of gains on debt restructuring |
Non-operating expenses | -77% | Due to the decrease of disposal loss on fixed assets |
Income tax expenses | -95% | Due to the decrease of deferred income tax |
Net profit attribute to owners of the company | -38% | Due to the increase of exchange loss |
Profit or loss of non-controlling shareholders | -94% | Due to the decrease of profit of holding subsidiaries |
3. Statement of cash flows | Increase / Decrease | Reasons |
Cash paid for all types of taxes | 39% | Due to the increase of VAT and other taxes paid in the period |
Net cash flows generated from operating activities | 269% | Due to the increase of cash flows from operating activities in the period |
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 33% | Due to the increase of payment of acquisition of fixed assets, intangible assets in the period |
Cash paid for investment | -100% | Due to the decrease of purchase of banking products |
Cash repayments of borrowings | 109% | Due to the increase of cash on repayment of borrowings |
Cash payments for distribution of dividends, profit or interest | 36% | Due to the increase of cash payments for distribution of dividends, profit or interest in the period |
Net cash flow generated by financing activities | -223% | Due to the increase of repayment of financing |
Net increase of cash and cash equivalents | 231% | Due to net cash flows from operating activities increased in the period |
II. The progress of significant events and influence, as well as the analysis and explanation onresolving proposal.
□ Applicable √ Not applicable
III. The Under-Fulfillment Commitments by the End of the Period Made by ActualController, Acquirer, Director, Supervisor, Senior Management Personnel and other RelatedParties.
□ Applicable √ Not applicable
There was no under-fulfillment commitment by the end of the period made by actual controller, acquirer, director, supervisor, senior
management personnel and other related parties.
IV. Forecast towards Operating Performance of 2018
Warning and reason for that forecast of the cumulative net profit from the beginning of the year to the end of the next reportingperiod might be a loss or due to significant change compared to the previous year
□ Applicable √ Not applicable
V. Investment in Securities
□ Applicable √ Not applicable
There is no investment in securities during the reporting period.
VI. Entrusted Financial Management
□ Applicable √ Not applicable
There is no entrusted financial management in the reporting period.
VII. Investment in Derivatives
□ Applicable √ Not applicable
There is no investment in derivatives during the reporting period.
VIII. Registration form of Activities such as Research, Communication, Interview in thisReporting Period
□ Applicable √ Not applicable
There is no activity such as research, communication, interview in the reporting period.
IX. Violation of Regulations in Provision of External Guaranty
□ Applicable √ Not applicable
There is no violation of regulations in provision of external guaranty during the reporting period.
X. Illustrations of Non-Operating Occupation of Funds by the Controlling Shareholder andRelated Parties
□ Applicable √ Not applicable
There is no non-operating occupation of funds by the controlling shareholder and related parties
IV. Financial Statements
I. Financial Statements
1. CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Prepared by: Bengang Steel Plates Co., Ltd.
30 September 2018
Unit: RMB
Items | Ending balance | Beginning balance |
Current assets: | ||
Cash at bank and on hand | 15,498,765,186.18 | 17,037,713,410.49 |
Settlement provisions | ||
Capital lent | ||
Financial assets at fair value through profit or loss | ||
Derivative financial assets | ||
Notes receivable and accounts receivable | 3,130,334,790.84 | 4,575,031,627.26 |
Including: Notes receivable | 2,350,933,803.35 | 3,846,433,700.87 |
Accounts receivable | 779,400,987.49 | 728,597,926.39 |
Prepayments | 1,406,069,971.25 | 1,280,689,094.33 |
Premium receivable | ||
Reinsurance accounts receivable | ||
Receivable deposit for reinsurance contract | ||
Other receivables | 287,146,572.24 | 308,825,505.84 |
Redemptory financial assets for sale | ||
Inventories | 12,409,729,513.29 | 11,209,898,096.16 |
Assets classified as held for sale | ||
Non-current assets due within one year | ||
Other current assets | 216,187,634.74 | 809,322,127.79 |
Total current assets | 32,948,233,668.54 | 35,221,479,861.87 |
Non-current assets: | ||
Loan and advances issued |
Available-for-sale financial assets | 4,088,980.00 | 3,888,980.00 |
Held-to-maturity investment | ||
Long-term receivables | ||
Long-term equity investments | 2,284,192.80 | 2,726,009.03 |
Investment properties | ||
Fixed assets | 22,182,758,920.58 | 23,852,067,166.10 |
Construction in progress | 3,090,822,270.04 | 2,396,143,330.06 |
Productive biological assets | ||
Oil and gas assets | ||
Intangible assets | 279,704,283.74 | 253,884,881.48 |
Development expenditure | ||
Goodwill | ||
Long-term deferred expenses | ||
Deferred tax assets | 193,233,744.15 | 200,618,461.36 |
Other non-current assets | 1,037,735,849.00 | 1,067,334,823.12 |
Total non-current assets | 26,790,628,240.31 | 27,776,663,651.15 |
Total assets | 59,738,861,908.85 | 62,998,143,513.02 |
Current Liabilities: | ||
Short-term loans | 15,927,954,800.00 | 21,999,103,900.00 |
Loan from central bank | ||
Absorbed deposit and interbank deposit | ||
Loan from other financial institutions | ||
Financial liabilities at fair value through profit or loss | ||
Derivative financial liabilities | ||
Notes payable and accounts payable | 11,072,129,300.90 | 15,392,258,341.04 |
Advance from customers | 4,065,912,701.96 | 3,308,567,598.05 |
Financial assets sold for repurchase | ||
Handling charges and commission payable | ||
Employee benefits payable | 47,185,107.04 | 43,722,537.58 |
Current tax liabilities | 60,186,024.80 | 87,807,128.50 |
Other payables | 579,206,918.70 | 661,129,220.33 |
Reinsurance accounts payable |
Provision for insurance contract | ||
Receipt from vicariously traded securities | ||
Receipt from vicariously underwriting securities | ||
Liabilities held for sale | ||
Non-current liabilities due within one year | 1,469,056,325.69 | 3,811,540,590.84 |
Other current liabilities | 67,740,181.61 | 27,979,093.21 |
Total current liabilities | 33,289,371,360.70 | 45,332,108,409.55 |
Non-current liabilities: | ||
Long-term loans | 6,672,883,171.25 | 2,444,185,630.28 |
Bonds payable | ||
Including: Preferred stock | ||
Perpetual bond | ||
Long-term payables | ||
Long-term employee benefits payable | ||
Estimated liabilities | ||
Deferred income | 310,345,502.97 | 372,785,000.00 |
Deferred tax liabilities | ||
Other non-current liabilities | ||
Total non-current liabilities | 6,983,228,674.22 | 2,816,970,630.28 |
Total liabilities | 40,272,600,034.92 | 48,149,079,039.83 |
Shareholders’ equity: | ||
Share capital | 3,875,371,532.00 | 3,136,000,000.00 |
Other equity instruments | ||
Including: Preferred stock | ||
Perpetual bond | ||
Capital reserves | 12,343,209,847.29 | 9,114,845,542.05 |
Less: treasury shares | ||
Other comprehensive income | ||
Special reserves | 17,498,893.01 | 475,046.75 |
Surplus reserves | 961,105,529.85 | 961,105,529.85 |
General risk reserve | ||
Undistributed profits | 1,734,576,245.35 | 1,103,162,610.35 |
Total equity attributable to equity holders of the parent company | 18,931,762,047.50 | 14,315,588,729.00 |
Non-controlling interests | 534,499,826.43 | 533,475,744.19 |
Total shareholder’s equity | 19,466,261,873.93 | 14,849,064,473.19 |
Total liabilities and shareholder’s equity | 59,738,861,908.85 | 62,998,143,513.02 |
Legal Representative: Wang Shu Person in charge of accounting: Gao Lie Accounting Dept. Leader: Zhao Zhonghua
2. BALANCE SHEET OF THE PARENT COMPANY
Unit: RMB
Items | Ending balance | Beginning balance |
Current assets: | ||
Cash at bank and on hand | 14,801,259,079.79 | 16,717,913,081.42 |
Financial assets at fair value through profit or loss | ||
Derivative financial assets | ||
Notes receivable and accounts receivable | 3,274,255,601.50 | 3,997,543,586.41 |
Including: Notes receivable | 2,797,038,562.18 | 3,515,361,992.96 |
Accounts receivable | 477,217,039.32 | 482,181,593.45 |
Prepayments | 1,406,069,971.25 | 1,280,354,579.87 |
Other receivables | 384,513,943.10 | 395,240,485.68 |
Inventories | 10,538,876,842.62 | 9,228,860,225.75 |
Assets classified as held for sale | ||
Non-current assets due within one year | ||
Other current assets | 184,195,100.99 | 682,211,823.73 |
Total current assets | 30,589,170,539.25 | 32,302,123,782.86 |
Non-current assets: | ||
Available-for-sale financial assets | 3,888,980.00 | 3,888,980.00 |
Held-to-maturity investment | ||
Long-term receivables | ||
Long-term equity investments | 2,016,281,902.16 | 1,756,981,902.16 |
Investment properties | ||
Fixed assets | 20,212,485,741.91 | 21,621,369,452.27 |
Construction in progress | 3,080,337,507.28 | 2,387,667,263.65 |
Productive biological assets | ||
Oil and gas assets | ||
Intangible assets | 149,602,712.28 | 152,082,315.24 |
Development expenditure | ||
Goodwill | ||
Long-term deferred expenses | ||
Deferred tax assets | 92,805,204.12 | 100,189,921.33 |
Other non-current assets | 1,037,735,849.00 | 1,037,735,849.00 |
Total non-current assets | 26,593,137,896.75 | 27,059,915,683.65 |
Total assets | 57,182,308,436.00 | 59,362,039,466.51 |
Current Liabilities: | ||
Short-term loans | 14,505,914,800.00 | 20,499,694,500.00 |
Financial liabilities at fair value through profit or loss | ||
Derivative financial liabilities | ||
Notes payable and accounts payable | 11,865,206,245.70 | 15,051,433,056.31 |
Advance from customers | 3,824,220,027.48 | 3,217,423,443.14 |
Employee benefits payable | 46,779,359.79 | 42,380,713.02 |
Current tax liabilities | 50,133,972.30 | 66,903,531.67 |
Other payables | 383,345,713.12 | 422,286,065.92 |
Liabilities held for sale | ||
Non-current liabilities due within one year | 1,469,056,325.69 | 3,811,540,590.84 |
Other current liabilities | 67,740,181.61 | 27,979,093.21 |
Total current liabilities | 32,212,396,625.69 | 43,139,640,994.11 |
Non-current liabilities: | ||
Long-term loans | 6,672,883,171.25 | 2,444,185,630.28 |
Bonds payable | ||
Including: Preferred stock | ||
Perpetual bond | ||
Long-term payables | ||
Long-term employee benefits payable | ||
Estimated liabilities | ||
Deferred income | 310,345,502.97 | 372,785,000.00 |
Deferred tax liabilities |
Other non-current liabilities | ||
Total non-current liabilities | 6,983,228,674.22 | 2,816,970,630.28 |
Total liabilities | 39,195,625,299.91 | 45,956,611,624.39 |
Shareholders’ equity: | ||
Share capital | 3,875,371,532.00 | 3,136,000,000.00 |
Other equity instruments | ||
Including: Preferred stock | ||
Perpetual bond | ||
Capital reserves | 11,923,058,165.17 | 8,694,693,859.93 |
Less: treasury shares | ||
Other comprehensive income | ||
Special reserves | 13,707,699.40 | 276,727.96 |
Surplus reserves | 961,105,529.85 | 961,105,529.85 |
Undistributed profits | 1,213,440,209.67 | 613,351,724.38 |
Total shareholder’s equity | 17,986,683,136.09 | 13,405,427,842.12 |
Total liabilities and shareholder’s equity | 57,182,308,436.00 | 59,362,039,466.51 |
3. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME OF THE CURRENTREPORTING PERIOD
Unit: RMB
Items | The Current Period | The Previous Period |
1. Total operating income | 13,313,390,671.44 | 9,640,672,901.66 |
Including: Operating income | 13,313,390,671.44 | 9,640,672,901.66 |
Interest income | ||
Premium earned | ||
Income from handling charges and commission | ||
2. Total operating cost | 13,262,549,953.80 | 8,643,165,739.54 |
Including: Operating cost | 11,807,011,528.70 | 8,007,060,516.58 |
Interest cost | ||
Expenditure for handling charges and commission | ||
Surrender value | ||
Net expenditure for compensation |
Net provision for insurance contract appropriated | ||
Bonus payment for policy | ||
Reinsurance premium | ||
Taxes and surcharges | 65,070,725.45 | 32,838,776.98 |
Selling and distribution expenses | 277,192,418.87 | 268,471,511.83 |
General and administrative expenses | 194,084,503.86 | 183,859,058.32 |
Research and development expenses | 744,560.38 | 1,168,392.15 |
Financial expenses | 925,267,736.70 | 151,946,049.78 |
Including: Interest expenses | 341,799,842.63 | 352,335,836.37 |
Interest income | 47,196,277.02 | 38,214,461.38 |
Asset impairment loss | -6,821,520.16 | -2,178,566.10 |
Add: Other income | 22,139,558.33 | 7,946,400.00 |
Income on investment ("-" for loss) | ||
Including: Income from associates and joint ventures | ||
Gains from the change in fair value ("-" for loss) | ||
Exchange Income ("-" for loss) | ||
Asset disposal gains ("-" for loss) | 284,086.70 | 476,301.60 |
3. Operating profit ("-" for loss) | 73,264,362.67 | 1,005,929,863.72 |
Add: Non-operating income | 160,456.93 | 4,648,042.92 |
Less: Non-operating expenses | 581,084.33 | 3,888,870.11 |
4. Total profit ("-" for loss) | 72,843,735.27 | 1,006,689,036.53 |
Less: Income tax expenses | 5,182,120.12 | 194,797,871.77 |
5. Net Profit ("-" for loss) | 67,661,615.15 | 811,891,164.76 |
Net profit from continuing operation ("-" for loss) | ||
Net profit from discontinued operation ("-" for loss) | ||
Attributable to: Owners of parent | 68,230,224.01 | 810,662,349.27 |
company | ||
Non-controlling shareholders | -568,608.86 | 1,228,815.49 |
6. Other comprehensive income after tax | ||
Other comprehensive income attributable to owners of parent company after tax | ||
1) Other comprehensive income unable to be reclassified into profit and loss afterwards | ||
(1) Change of net liabilities or net assets through re-measuring defined benefit plan | ||
(2) Share of other comprehensive income of investee not to be classified into profit or loss afterwards under equity method | ||
2) Other comprehensive income to be reclassified into profit and loss afterwards | ||
(1) Share of other comprehensive income of investee to be classified into profit or loss afterwards under equity method | ||
(2) Gains and losses on re-measuring available-for-sale financial assets | ||
(3) Gains and losses resulting from reclassification of held-to maturity investment to financial assets held-for sale | ||
(4) Effective portion of gains or losses from cash flow hedging | ||
(5) Gains and losses resulting from translating the foreign currency financial statements | ||
(6) Others | ||
Other comprehensive income attributable to non-controlling |
shareholders after tax | ||
7. Total comprehensive income | 67,661,615.15 | 811,891,164.76 |
Total comprehensive income attributable to owners of parent company | 68,230,224.01 | 810,662,349.27 |
Total comprehensive income attributable to non-controlling shareholders | -568,608.86 | 1,228,815.49 |
8. Earnings per share: | ||
1) Basic earnings per share | 0.02 | 0.26 |
2) Diluted earnings per share | 0.02 | 0.26 |
The current business combination under common control, the net profits of the combined party before achieved: Yuan, net profit ofprevious period of the combined party realized: Yuan.
Legal Representative: Wang Shu Person in charge of accounting: Gao Lie Accounting Dept. Leader: Zhao Zhonghua
4. INCOME STATEMENT OF THE PARENT COMPANY DURING THE CURRENT REPORTINGPERIOD
Unit: RMB
Items | The Current Period | The Previous Period |
1. Operating income | 12,985,694,384.88 | 9,431,303,159.07 |
Less: Operating cost | 11,617,944,541.11 | 7,944,761,205.42 |
Taxes and surcharges | 57,126,440.52 | 24,005,387.31 |
Selling and distribution expenses | 175,224,699.33 | 182,143,490.01 |
General and administrative expenses | 181,799,889.96 | 171,833,139.29 |
Research and development expense | 744,560.38 | 1,168,392.15 |
Financial expenses | 912,638,828.57 | 136,168,153.13 |
Including: Interest expenses | 326,523,217.57 | 336,060,319.84 |
Interest income | 45,650,825.86 | 37,359,001.61 |
Asset impairment loss | -6,821,520.16 | -2,177,456.19 |
Add: Other income | 22,139,558.33 | 7,946,400.00 |
Income on investment | ||
Including: Income from associates and joint ventures |
Gains from the change in fair value ("-" for loss) | ||
Asset disposal gains ("-" for loss) | 284,086.70 | 476,301.60 |
2. Operating profit ("-" for loss) | 69,460,590.20 | 981,823,549.55 |
Add: Non-operating income | 125,720.44 | 4,525,197.68 |
Less: Non-operating expenses | 575,548.65 | 3,888,870.11 |
3. Total profit ("-" for loss) | 69,010,761.99 | 982,459,877.12 |
Less: Income tax expenses | 1,705,380.04 | 187,447,328.04 |
4. Net Profit ("-" for loss) | 67,305,381.95 | 795,012,549.08 |
Net profit from continuing operation ("-" for loss) | 67,305,381.95 | 795,012,549.08 |
Net profit from discontinued operation ("-" for loss) | ||
5. Other comprehensive income after tax | ||
1) Other comprehensive income unable to be reclassified into profit and loss afterwards | ||
(1) Change of net liabilities or net assets through re-measuring defined benefit plan | ||
(2) Share of other comprehensive income of investee not to be classified into profit or loss afterwards under equity method | ||
2) Other comprehensive income to be reclassified into profit and loss afterwards | ||
(1) Share of other comprehensive income of investee to be classified into profit or loss afterwards under equity method | ||
(2) Gains and losses on re-measuring available-for-sale financial assets | ||
(3) Gains and losses resulting from reclassification of held-to maturity investment to financial assets |
held-for sale | ||
(4) Effective portion of gains or losses from cash flow hedging | ||
(5) Gains and losses resulting from translating the foreign currency financial statements | ||
(6) Others | ||
6. Total comprehensive income | 67,305,381.95 | 795,012,549.08 |
7. Earnings per share: | ||
1) Basic earnings per share | ||
2) Diluted earnings per share |
5. CONSOLIDATED STATEMENT OF INCOME STATEMENT FROM THE BEGINNING OF THEYEAR TO THE END OF THE CURRENT REPORTING PERIOD
Unit: RMB
Items | The Current Period | The Previous Period |
1. Total operating income | 36,754,638,048.58 | 30,377,159,805.40 |
Including: Operating income | 36,754,638,048.58 | 30,377,159,805.40 |
Interest income | ||
Premium earned | ||
Income from handling charges and commission | ||
2. Total operating cost | 35,980,536,279.10 | 28,752,295,499.49 |
Including: Operating cost | 32,611,218,949.68 | 26,697,726,482.69 |
Interest cost | ||
Expenditure for handling charges and commission | ||
Surrender value | ||
Net expenditure for compensation | ||
Net provision for insurance contract appropriated | ||
Bonus payment for policy | ||
Reinsurance premium | ||
Taxes and surcharges | 218,378,101.09 | 166,595,508.05 |
Selling and distribution expenses | 791,230,427.82 | 856,104,219.26 |
General and administrative expenses | 655,926,928.42 | 541,175,527.36 |
Research and development expenses | 3,215,201.91 | 2,803,328.19 |
Financial expenses | 1,728,306,153.98 | 533,459,454.58 |
Including: Interest expenses | 916,801,457.83 | 783,517,850.44 |
Interest income | 108,801,680.36 | 74,986,530.45 |
Asset impairment loss | -27,739,483.80 | -45,569,020.64 |
Add: Other income | 63,413,797.03 | 22,993,400.00 |
Income on investment ("-" for loss) | 3,493,150.68 | 3,294,593.14 |
Including: Income from associates and joint ventures | ||
Gains from the change in fair value ("-" for loss) | ||
Exchange Income ("-" for loss) | ||
Asset disposal gains ("-" for loss) | 1,109,667.33 | 3,491,595.60 |
6. Operating profit ("-" for loss) | 842,118,384.52 | 1,654,643,894.65 |
Add: Non-operating income | 2,298,854.73 | 7,600,237.50 |
Less: Non-operating expenses | 1,963,486.59 | 8,482,290.41 |
7. Total profit ("-" for loss) | 842,453,752.66 | 1,653,761,841.74 |
Less: Income tax expenses | 16,818,346.16 | 311,902,932.93 |
8. Net Profit ("-" for loss) | 825,635,406.50 | 1,341,858,908.81 |
Net profit from continuing operation ("-" for loss) | ||
Net profit from discontinued operation ("-" for loss) | ||
Attributable to: Owners of parent company | 825,182,211.60 | 1,334,298,002.84 |
Non-controlling shareholders | 453,194.90 | 7,560,905.97 |
6. Other comprehensive income after tax | ||
Other comprehensive income |
attributable to owners of parent company after tax | ||
1) Other comprehensive income unable to be reclassified into profit and loss afterwards | ||
(1) Change of net liabilities or net assets through re-measuring defined benefit plan | ||
(2) Share of other comprehensive income of investee not to be classified into profit or loss afterwards under equity method | ||
2) Other comprehensive income to be reclassified into profit and loss afterwards | ||
(1) Share of other comprehensive income of investee to be classified into profit or loss afterwards under equity method | ||
(2) Gains and losses on re-measuring available-for-sale financial assets | ||
(3) Gains and losses resulting from reclassification of held-to maturity investment to financial assets held-for sale | ||
(4) Effective portion of gains or losses from cash flow hedging | ||
(5) Gains and losses resulting from translating the foreign currency financial statements | ||
(6) Others | ||
Other comprehensive income attributable to non-controlling shareholders after tax | ||
7. Total comprehensive income | 825,635,406.50 | 1,341,858,908.81 |
Total comprehensive income attributable to owners of parent company | 825,182,211.60 | 1,334,298,002.84 |
Total comprehensive income attributable to non-controlling shareholders | 453,194.90 | 7,560,905.97 |
8. Earnings per share: | ||
1) Basic earnings per share | 0.21 | 0.43 |
2) Diluted earnings per share | 0.21 | 0.43 |
The current business combination under common control, the net profits of the combined party before achieved: Yuan, net profit ofprevious period of the combined party realized: Yuan.
6. STATEMENT OF COMPREHENSIVE INCOME OF THE PARENT COMPANY FROM THE
BEGGING OF THE YEAR TO THE END OF THE CURRENT REPORTING PERIOD
Unit: RMB
Items | The Current Period | The Previous Period |
1. Operating income | 36,668,559,494.02 | 30,628,819,938.27 |
Less: Operating cost | 33,019,136,503.31 | 27,427,737,279.74 |
Taxes and surcharges | 192,669,833.48 | 140,788,803.31 |
Selling and distribution expenses | 440,779,566.79 | 555,662,676.40 |
General and administrative expenses | 619,992,907.29 | 506,568,479.27 |
Research and development expense | 3,215,201.91 | 2,803,328.19 |
Financial expenses | 1,687,162,319.17 | 486,344,038.55 |
Including: Interest expenses | 870,205,608.54 | 733,104,694.96 |
Interest income | 103,955,252.77 | 71,262,161.56 |
Asset impairment loss | -27,739,483.80 | -45,567,910.73 |
Add: Other income | 63,413,797.03 | 22,993,400.00 |
Income on investment | 3,493,150.68 | 105,369,227.90 |
Including: Income from associates and joint ventures | ||
Gains from the change in fair value ("-" for loss) | ||
Asset disposal gains ("-" for loss) | 1,109,667.33 | 3,491,595.60 |
2. Operating profit ("-" for loss) | 801,359,260.91 | 1,686,337,467.04 |
Add: Non-operating income | 1,840,469.10 | 6,739,985.54 |
Less: Non-operating expenses | 1,957,950.91 | 8,482,290.41 |
3. Total profit ("-" for loss) | 801,241,779.10 | 1,684,595,162.17 |
Less: Income tax expenses | 7,384,717.21 | 287,755,865.14 |
4. Net Profit ("-" for loss) | 793,857,061.89 | 1,396,839,297.03 |
Net profit from continuing operation ("-" for loss) | 793,857,061.89 | 1,396,839,297.03 |
Net profit from discontinued operation ("-" for loss) | ||
5. Other comprehensive income after tax | ||
1) Other comprehensive income unable to be reclassified into profit and loss afterwards | ||
(1) Change of net liabilities or net assets through re-measuring defined benefit plan | ||
(2) Share of other comprehensive income of investee not to be classified into profit or loss afterwards under equity method | ||
2) Other comprehensive income to be reclassified into profit and loss afterwards | ||
(1) Share of other comprehensive income of investee to be classified into profit or loss afterwards under equity method | ||
(2) Gains and losses on re-measuring available-for-sale financial assets | ||
(3) Gains and losses resulting from reclassification of held-to maturity investment to financial assets held-for sale | ||
(4) Effective portion of gains or losses from cash flow hedging | ||
(5) Gains and losses resulting from translating the foreign currency financial statements |
(6) Others | ||
6. Total comprehensive income | 793,857,061.89 | 1,396,839,297.03 |
7. Earnings per share: | ||
3) Basic earnings per share | ||
4) Diluted earnings per share |
7. CONSOLIDATED STATEMENT OF CASH FLOWS FROM THE BEGGINING OF THE YEAR TOTHE END OF THE CURRENT PERIOD
Unit: RMB
Items | The Current Period | The Previous Period |
1.Cash flow from operating activities: | ||
Cash received from sale of goods or rendering of services | 26,188,229,365.29 | 21,053,946,910.03 |
Net increase of customers’ deposit and interbank deposit | ||
Net increase of loan from central bank | ||
Net increase of loans from other financial institutions | ||
Cash received for premium of original insurance contract | ||
Net cash received for reinsurance business | ||
Net increase of deposit and investment of the insured | ||
Net increase of Financial assets at fair value through profit or loss | ||
Cash from receiving interest, handling charge and commission | ||
Net increase of loans from other financial institutions | ||
Net increase of fund for buy-back business | ||
Tax rebate received | 284,799,886.80 | 247,722,320.84 |
Other cash received relating to operating activities | 83,617,244.68 | 93,241,794.79 |
Subtotal of cash inflow received from | 26,556,646,496.77 | 21,394,911,025.66 |
operation activities | ||
Cash paid for goods and services | 17,207,337,978.80 | 23,277,409,481.43 |
Net increase of customer’s loan and advances | ||
Net increase of deposit in central bank and interbank deposit | ||
Cash for payment of compensation for original insurance contract | ||
Cash for payment of interest, handling charge and commission | ||
Cash for payment of policy bonus | ||
Cash paid to and on behalf of employees | 1,438,947,941.23 | 1,372,504,441.92 |
Cash paid for all types of taxes | 618,124,974.18 | 443,361,163.06 |
Other cash paid relating to operating activities | 358,768,202.58 | 407,069,210.36 |
Subtotal of cash outflow received from operation activities | 19,623,179,096.79 | 25,500,344,296.77 |
Net cash flows generated from operating activities | 6,933,467,399.98 | -4,105,433,271.11 |
2. Cash flows from investing activities: | ||
Cash received from return on investments | 500,000,000.00 | 424,000,000.00 |
Cash received from distribution of dividends or profit | 3,493,150.68 | 3,294,593.14 |
Net cash received from disposal of fixed assets, intangible assets and other long-term assets | ||
Net cash received from disposal of subsidiary and other operating units | ||
Other cash paid relating to investing activities | ||
Subtotal of cash inflow received from investing activities | 503,493,150.68 | 427,294,593.14 |
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 1,261,912,086.54 | 947,149,945.24 |
Cash paid for acquisition of | 380,000,000.00 |
investments | ||
Net increase of mortgage loan | ||
Net cash received from subsidiary and other operating unit | ||
Other cash paid relating to investing activities | ||
Subtotal of cash outflows from investing activities | 1,261,912,086.54 | 1,327,149,945.24 |
The net cash flow generated by investment activities | -758,418,935.86 | -899,855,352.10 |
3. Cash flows from financing activities: | ||
Proceeds from investment | 3,965,799,988.19 | |
Including: Proceeds from investment of non-controlling shareholders of subsidiary | ||
Proceeds from borrowings | 21,592,058,293.24 | 19,545,352,799.54 |
Cash received from bond issuance | ||
Other proceeds relating to financing activities | ||
Subtotal cash inflow received from financing activities | 25,557,858,281.43 | 19,545,352,799.54 |
Cash repayments of borrowings | 29,751,998,311.55 | 14,264,079,011.29 |
Cash payments for distribution of dividends, profit or interest expenses | 1,220,039,424.07 | 895,675,683.07 |
Including: Cash paid to non-controlling shareholders as dividend and profit by subsidiaries | ||
Other cash payments relating to financing activities | ||
Subtotal of cash outflows from financing activities | 30,972,037,735.62 | 15,159,754,694.36 |
The net cash flow generated by financing activities | -5,414,179,454.19 | 4,385,598,105.18 |
4. Effect of foreign exchange rate changes on cash and cash equivalents | 173,516,701.33 | -92,924,890.05 |
5. Net increase in cash and cash equivalents | 934,385,711.26 | -712,615,408.08 |
Add: Cash and cash equivalents at | 12,317,576,778.93 | 12,273,574,488.67 |
the beginning of the period | ||
6. Cash and cash equivalents at the ending of the period | 13,251,962,490.19 | 11,560,959,080.59 |
8. CASH FLOW STATEMENT OF THE PARENT COMPANY FROM THE BEGINNING OF THEYEAR TO THE END OF THE CURRENT PERIOD
Unit: RMB
Items | The Current Period | The Previous Period |
1.Cash flow from operating activities: | ||
Cash received from sale of goods or rendering of services | 25,652,120,540.51 | 20,467,726,400.98 |
Tax rebate received | 119,119,395.04 | 172,271,080.18 |
Other cash received relating to operating activities | 80,682,696.51 | 87,160,373.20 |
Subtotal of cash inflow received from operation activities | 25,851,922,632.06 | 20,727,157,854.36 |
Cash paid for goods and services | 17,009,484,822.48 | 23,052,858,946.77 |
Cash paid to and on behalf of employees | 1,372,731,925.30 | 1,304,133,489.37 |
Cash paid for all types of taxes | 528,120,047.39 | 363,002,738.78 |
Other cash paid relating to operating activities | 322,705,026.46 | 344,550,652.82 |
Subtotal of cash outflow received from operation activities | 19,233,041,821.63 | 25,064,545,827.74 |
Net cash flows generated from operating activities | 6,618,880,810.43 | -4,337,387,973.38 |
2. Cash flows from investing activities: | ||
Cash received from return on investments | 500,000,000.00 | 424,000,000.00 |
Cash received from distribution of dividends or profit | 3,493,150.68 | 105,369,227.90 |
Net cash received from disposal of fixed assets, intangible assets and other long-term assets | ||
Net cash received from disposal of subsidiary and other operating units | ||
Other cash paid relating to |
investing activities | ||
Subtotal of cash inflow received from investing activities | 503,493,150.68 | 529,369,227.90 |
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 1,241,365,059.32 | 930,544,967.24 |
Cash paid for acquisition of investments | 259,300,000.00 | 380,000,000.00 |
Net cash received from subsidiary and other operating unit | ||
Other cash paid relating to investing activities | ||
Subtotal of cash outflows from investing activities | 1,500,665,059.32 | 1,310,544,967.24 |
The net cash flow generated by investment activities | -997,171,908.64 | -781,175,739.34 |
3. Cash flows from financing activities: | ||
Proceeds from investment | 3,965,799,988.19 | |
Proceeds from borrowings | 20,515,395,400.00 | 18,182,352,799.54 |
Cash received from bond issuance | ||
Other proceeds relating to financing activities | ||
Subtotal cash inflow received from financing activities | 24,481,195,388.19 | 18,182,352,799.54 |
Cash repayments of borrowings | 28,587,442,043.95 | 13,159,153,564.72 |
Cash payments for distribution of dividends, profit or interest expenses | 1,176,598,972.79 | 701,660,667.03 |
Other cash payments relating to financing activities | ||
Subtotal of cash outflows from financing activities | 29,764,041,016.74 | 13,860,814,231.75 |
The net cash flow generated by financing activities | -5,282,845,628.55 | 4,321,538,567.79 |
4. Effect of foreign exchange rate changes on cash and cash equivalents | 173,504,704.68 | -92,971,403.22 |
5. Net increase in cash and cash equivalents | 512,367,977.92 | -889,996,548.15 |
Add: Cash and cash equivalents at | 12,152,285,550.21 | 11,876,536,613.66 |
the beginning of the period | ||
6. Cash and cash equivalents at the ending of the period | 12,664,653,528.13 | 10,986,540,065.51 |
II. Audit report
Whether the third quarter report is audited
□ Yes √ No
The third quarter report is not audited.