深圳南山热电股份有限公司
Shenzhen Nanshan Power Co., Ltd.
The Third Quarterly Report for 2018
2018-031
October 2018
Section I. Important Note
Board of Directors, Supervisory Committee, all directors, supervisors and seniorexecutives of Shenzhen Nanshan Power Co., Ltd. (hereinafter referred to as theCompany) hereby confirm that there are no any fictitious statements, misleadingstatements, or important omissions carried in this report, and shall take allresponsibilities, individual and/or joint, for the reality, accuracy and completionof the whole contents.All Directors are attended the Board Meeting for Quarterly Report deliberation.Chairman Li Xinwei, person in charge of the Company, Director GM ChenYuhui, person in charge of accounting works and CFO Dai Xiji as well asDeputy Manager Wang Yi (act for the financial management dept.), person incharge of accounting organ (accounting officer) hereby confirm that theFinancial Report of this Quarterly Report is authentic, accurate and complete.Concerning the forward-looking statements with future planning involved in theSemi-Report, they do not constitute a substantial commitment for investors.Investors are advised to exercise caution of investment risks.The Company has no plans of cash dividend distributed, no bonus shares andhas no share converted from capital reserve either.The report has been prepared in both Chinese and English, for anydiscrepancies, the Chinese version shall prevail. Please read the full reportseriously.
Paraphrase
| Items | Refers to | Definition |
| Company, the Company, Shen Nan Dian, listed Company | Refers to | Shenzhen Nanshan Power Co., Ltd. |
| Shen Nan Dian Zhongshan Co | Refers to | Shen Nan Dian (Zhongshan) Electric Power Co., Ltd. |
| Shen Nan Dian Dongguan Co | Refers to | Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd |
| Shen Nan Dian Engineering Co., | Refers to | Shenzhen Shennandian Turbine Engineering Technology Co., Ltd. |
| Shen Nan Dian Envionment Protection Co., | Refers to | Shenzhen Shen Nan Dian Envionment Protection Co., Ltd. |
| Server Co., | Refers to | Shenzhen Server Petrochemical Supplying Co., Ltd. |
| New Power Co., | Refers to | Shenzhen New Power Industrial Co., Ltd. |
| Singapore Company | Refers to | Shen Nan Energy (Singapore) Co., Ltd. |
| Nanshan Power Factory | Refers to | Nanshan Power Factory of Shenzhen Nanshan Power Co., Ltd. |
| Zhongshan Nam Long Power Plant | Refers to | Zhongshan Nam Long Power Plant of Shen Nan Dian (Zhongshan) Electric Power Co., Ltd. |
| Dongguan Gaobu Power Plant | Refers to | Dongguan Gaobu Power Plant of Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd. |
| Syndisome Company | Refers to | Hong Kong Syndisome Co., Ltd. |
| Articles of association | Refers to | Article of Association of Shenzhen Nanshan Power Co., Ltd. |
| RMB: Yuan, ten thousand Yuan, 100 million Yuan | Refers to | Except the special description of the monetary unit, the rest of the monetary unit is RMB Yuan, ten thousand Yuan |
| The reporting period | Refers to | Jul. 1, 2018 to Sept. 30, 2018 |
Section II Basic information of Company
I. Main accounting data and index
Whether 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) | 3,210,638,746.56 | 2,883,804,392.70 | 11.33% | |||
| Net assets attributable to shareholders of listed company (RMB) | 1,995,793,483.52 | 1,958,618,085.39 | 1.90% | |||
| Current period | Increase/decrease in comparison with same period of last year | From year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating revenue (RMB) | 540,079,674.10 | -22.61% | 1,619,839,888.90 | 3.12% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 7,163,302.91 | -65.01% | 37,175,398.13 | -1,825.67% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB) | 5,706,327.68 | -70.16% | 34,610,700.46 | -677.54% | ||
| Net cash flow arising from operating activities(RMB) | -- | -- | 182,384,779.63 | -206.44% | ||
| Basic earnings per share (RMB/Share) | 0.01 | -66.67% | 0.06 | -1,825.67% | ||
| Diluted earnings per share (RMB/Share) | 0.01 | -66.67% | 0.06 | -1,825.67% | ||
| Weighted average ROE | 0.36% | -66.08% | 1.88% | -1,809.28% | ||
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) | -909,718.63 | Loss from non-current assets disposal |
| 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) | 4,103,381.92 | Government grants are amortized with assets concerned |
| Other non-operating income and expenditure except for the aforementioned items | -2,025.00 | - |
| Less: impact on income tax | 560,822.87 | - |
| Impact on minority shareholders’ equity (post-tax) | 66,117.75 | - |
| Total | 2,564,697.67 | -- |
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. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
| Total common shareholders at the end of report period | 30,845 | Total preferred stockholders with voting rights recover at the end of report period (if applicable) | 0 | |||||
| Top ten share-holding | ||||||||
| 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 | |||||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD. | Foreign corporate | 15.28% | 92,123,248 | 0 | ||||
| Shenzhen Guangju Industrial Co., Ltd. | State-owned corporate | 12.22% | 73,666,824 | 0 | ||||
| SHENZHEN | State-owned | 10.80% | 65,106,130 | 0 | ||||
| ENERGY (GROUP) CO., LTD. | corporate | |||||
| BOCI SECURITIES LIMITED | Foreign corporate | 1.44% | 8,690,627 | 0 | ||
| Zeng Ying | Domestic nature person | 1.22% | 7,336,332 | 0 | ||
| CMS (HK) | State-owned corporate | 0.99% | 5,954,969 | 0 | ||
| Liu Fang | Domestic nature person | 0.83% | 5,004,273 | 0 | ||
| Mei Yi Investment Property Co., Ltd. | Domestic non-state-owned legal person | 0.77% | 4,616,000 | 0 | ||
| Li Baoqin | Domestic nature person | 0.65% | 3,891,450 | 0 | ||
| Zhang Heping | Domestic nature person | 0.64% | 3,840,300 | 0 | ||
| Particular about top ten shareholders with un-restrict shares held | ||||||
| Shareholders’ name | Amount of unrestricted shares held at reporting period-end | Type of shares | ||||
| Type | Amount | |||||
| HONG KONG NAM HOI (INTERNATIONAL) LTD. | 92,123,248 | Domestically listed foreign shares | 92,123,248 | |||
| Shenzhen Guangju Industrial Co., Ltd. | 73,666,824 | RMB ordinary shares | 73,666,824 | |||
| SHENZHEN ENERGY (GROUP) CO., LTD. | 65,106,130 | RMB ordinary shares | 65,106,130 | |||
| BOCI SECURITIES LIMITED | 8,690,627 | Domestically listed foreign shares | 8,690,627 | |||
| Zeng Ying | 7,336,332 | Domestically listed foreign shares | 7,336,332 | |||
| CMS (HK) | 5,954,969 | Domestically listed foreign shares | 5,954,969 | |||
| Liu Fang | 5,004,273 | RMB ordinary | 2,059,373 | |||
| shares | |||
| Domestically listed foreign shares | 2,944,900 | ||
| Mei Yi Investment Property Co., Ltd. | 4,616,000 | RMB ordinary shares | 4,616,000 |
| Li Baoqin | 3,891,450 | RMB ordinary shares | 920,400 |
| Domestically listed foreign shares | 2,971,050 | ||
| Zhang Heping | 3,840,300 | RMB ordinary shares | 2,600,000 |
| Domestically listed foreign shares | 1,240,300 | ||
| Explanation on associated relationship among the top ten shareholders or consistent action | 1. Shenzhen Energy (Group) Co., Ltd. holds 100% equities of HONG KONG NAM HOI (INTERNATIONAL) LTD indirectly; 2. Among other social public shareholders, the Company did not know whether there were associated relationships or belonging to consistent actors. | ||
| Explanation on top ten common shareholders involving margin business (if applicable) | Among the top ten shareholders, Ms. Liu Fang holds 2,059,373 shares through credit transaction guarantee securities account | ||
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 events
I. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
1. Closing number of monetary fund counted as 779.2185 million Yuan, increased 77.78% over that of year-beginning, mainlybecause revenue from electricity-sales increased and more new bank loans;
2. Closing number of note receivable and account receivable counted the same as 190.52 million Yuan, increased 58.7% over thatof year-beginning, mainly because receivable from sales of electricity increased;
3. Closing number of account paid in advance counted as 81.4973 million Yuan, decreased 31.56% over that of year-beginning,mainly because the account of natural gas paid in advance declined;
4. Closing number of other receivable counted as 45.1485 million Yuan, increased 16.45% over that of year-beginning, mainlybecause intercourse funds increased;
5. Closing number of construction in process counted as 118.5794 million Yuan, increased 132.70% over that of year-beginning,mainly because costs of technical innovation increased;
6. Closing number of short-term loans counted as 857 million Yuan, increased 66.13% over that of year-beginning, mainly becauseshort-term loans from bank increased;
7. Closing number of note payable and account payables counted the same as 59.5287 million Yuan, decreased 10.53% over that ofyear-beginning, mainly because notes payable are paid on maturity;
8. Closing number of wages payable counted as 39.6253 million Yuan, decreased 18.02% over that of year-beginning, mainlybecause wages paid to the employees;
9. Closing number of tax payable counted as 18.5892 million Yuan, increased 20.41% over that of year-beginning, mainly becausethe accrual income taxes increased;
10. Closing number of non-current liability due within one year counted as 0 Yuan, decreased 100% over that of year-beginning,mainly because loans due within one year are paid to the bank;
11. Operation revenue counted as 1619.8399 million Yuan in the Period, increased 3.12% on a y-o-y basis, mainly because revenuefrom power-sales increased;
12. Operation cost counted as 1471.0837 million Yuan in the Period, increased 0.50% on a y-o-y basis, mainly due to the increase ofpower generation;
13. Taxes and surcharge counted as 7.8463 million Yuan in the Period, increased 9.52% on a y-o-y basis, mainly because theproperty tax and VAT surcharge increased;
14. Sales expenses counted as 2.8099 million Yuan in the Period, increased 18.81% on a y-o-y basis, mainly because sludge disposalcapacity increased;15. Financial expenses counted as 30.8423 million Yuan in the Period, decreased 29.97% on a y-o-y basis, mainly because thefinancing scale declined;
16. Non-operation revenue counted as 8,000 Yuan in the Period, decreased 97.72% on a y-o-y basis, mainly because at same periodlast year, non-operation revenue mainly came from the account payables which unable to paid, and no such account revenue occurredin the year;
17. Non-operation expenditure counted as 919,700 Yuan in the Period, increased 434.69% on a y-o-y basis, mainly because loss ofnon-current assets retirement increased;
18. Net cash flow from operation activities counted as 182.3848 million Yuan in the Period, increased 206.44% on a y-o-y basis innet inflow, mainly because revenue from electricity increased and the taxes paid are declined;
19. Net cash flow from investment activities counted as (115.2062) million Yuan in the Period, increased 129.21% on a y-o-y basisin net out-flow, mainly because costs of technical innovation and assets purchased increased;
20. Net cash flow from financing activities counted as 289.2011 million Yuan in the Period, increased 134.72% on a y-o-y basis,mainly because loans from the bank increased
II. Progress and influence of the main events as well as solution analysis specification
√ Applicable □ Not applicable
1. T102-0011, T102-0155 land related matters. In reporting period, the Land Reserve Plan for Year of 2018 inShenzhen was issued by the Shenzhen Municipal Planning and Land Resources Committee. According to theLand Reserve Plan and its addendum, the land reserve plan for year of 2018 in Qianhai Cooperation Zoneincluding the lands of Nanshan Power Plant under the name of the Company. The Company will continues toexercise relevant works with the counsel participation and cooperation, closely follow the comprehensive plans of
Qianhai Shekou Free Trade Zone, and eye on relevant works from Shenzhen’s Government, making every efforts
to safe-guard the rights and interest of shareholders and the employees. (found more in Notice of Land ReservePlan for Year of 2018 in Shenzhen issued by Shenzhen Municipal Planning and Land Resources Committee[Notice No.: 2018-22] released on China Securities Journal, Securities Times, Hong Kong Commercial Daily andJuchao website)
2. “Shenzhen Blue” renovation project. On 17 September, in accordance with the Notice of Municipal Human
Settlements Committee and Municipal Finance Committee on Printing and Distributing the Methods for theSubsidy of Improvement on Atmospheric Environmental Quality in Shenzhen (2018-2020) [SRH [2018]No.581]released on official website of Shenzhen Human Settlements Committee, the Notice well-defined the financialsubsidy standards for those gas turbine units that completed the low nitrogen burner upgrade or flue gasdeni-trification reconstruction within a specified time limit. According to the Notice, the Company plans to
complete one 9E low nitrogen burner upgrade respectively in the Company and Shenzhen New Power IndustrialCo., Ltd. before 31 October, ensuring the concentration of Nox emission in policy-oriented standards. Rests ofone 9E gas turbine units will reform according to further actual reconstruction conditions. (found more on Notice
About Received the Notification of Shenzhen Municipal People’s Government on Printing and Issuing the 2018“Shenzhen Blue” Sustainable Action Plan and Notice About Received the Methods for the Subsidy of
Improvement on Atmospheric Environmental Quality in Shenzhen (2018-2020)[Notice No.:2018-015 andNo.:2018-028] disclosed on China Securities Journal, Securities Times, Hong Kong Commercial Daily andJuchao website)3. Electricity price adjustment for natural gas generation. In the reporting period, according to the Notice of Lowerthe on-grid price for natural gas generation issued by Guangdong Provincial Development & ReformCommission, reducing some of the on-grid price for power generation enterprise with natural gas in GuangdongProvince since 1 July 2018. Three power plants under the Company has the on-grid price of 0.665 Yuan/Kw-hrfrom 0.715 Yuan/Kw-hr. (found more in the Notice of On-grid Adjustment for natural gas generation Notice No.:
2018-027 released on China Securities Journal, Securities Times, Hong Kong Commercial Daily and JuchaoWebsite)4. Terminating the issue of MTN(Medium Term Note. Since the expiration date for application documents hasexpired, that is the application for 500 million Yuan MTN to National Association of Financial MarketInstitutional Investors and corporate bond of two billion Yuan at most (inclusive) offer in private way (foundmore in the Notice of Issue the MTN and Notice of Privately Placement of Corporate Bonds Notice No.: 2015-062and 2015-063 released on China Securities Journal, Securities Times, Hong Kong Commercial Daily and JuchaoWebsite dated 25 August 2015), the Company plans to terminate the offering issues.
In addition to the above matters, the refund collection works of “Project Technical Reform Benefit Fund” and the
Xinjiang Aid Project of Guangdong Province participated in 2013 is have no further progress in the reportingperiod
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 orother related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Estimation of operation performance for year of 2018
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
V. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
VI. Trust financing
□ Applicable √ Not applicable
The Company had no trust financing in Period.
VII. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VIII. Registration form of receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Time | Way | Type | Contents discussed and material provided |
| 2018-07-18 | Written inquiry on investor interaction platform | Person (1) | Numbers of the shareholders are changed, reply on written |
| 2018-09-30 | Telephone | Person (many times) | Relevant works of the lands of Nanshan Power Plant, and sustainable operation and further transformation & development plan after the adjustment of tariff policy, no material required |
IX. External security against the rules
□ Applicable √ Not applicable
The Company has no external security against the rules in the Period.
X. Controlling shareholders' and its related party's non-business capital occupying of the
listed company
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Shenzhen Nanshan Power Co., Ltd.
2018-09-30
In RMB
| Item | Closing balance | Opening balance |
| Current assets: | ||
| Monetary funds | 779,218,461.47 | 438,316,169.81 |
| Settlement provisions | ||
| Capital lent | ||
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 190,519,995.44 | 120,052,275.76 |
| Including: Notes receivable | 1,600,000.00 | 6,702,500.00 |
| Accounts receivable | 188,919,995.44 | 113,349,775.76 |
| Accounts paid in advance | 81,497,333.59 | 119,069,891.55 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other receivables | 45,148,508.37 | 38,771,888.74 |
| Purchase restituted finance asset | ||
| Inventories | 70,123,944.14 | 77,834,903.89 |
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 379,157,958.25 | 452,184,523.24 |
| Total current assets | 1,545,666,201.26 | 1,246,229,652.99 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Finance asset available for sales | 60,615,000.00 | 60,615,000.00 |
| Held-to-maturity investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 16,590,483.77 | 18,254,673.40 |
| Investment property | 2,655,337.11 | 2,802,440.31 |
| Fixed assets | 1,394,121,341.13 | 1,420,620,565.05 |
| Construction in progress | 118,579,436.46 | 50,958,741.92 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Intangible assets | 46,606,728.40 | 48,470,500.60 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | ||
| Deferred income tax asset | 2,922,036.65 | 2,922,036.65 |
| Other non-current asset | 22,882,181.78 | 32,930,781.78 |
| Total non-current asset | 1,664,972,545.30 | 1,637,574,739.71 |
| Total assets | 3,210,638,746.56 | 2,883,804,392.70 |
| Current liabilities: | ||
| Short-term loans | 857,000,000.00 | 515,850,000.00 |
| Loan from central bank | ||
| Absorbing deposit and interbank deposit | ||
| Capital borrowed | ||
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable and accounts payable | 59,528,745.38 | 66,534,493.16 |
| Accounts received in advance | ||
| Selling financial asset of repurchase | ||
| Commission charge and commission payable | ||
| Wage payable | 39,625,260.95 | 48,337,588.25 |
| Taxes payable | 18,589,220.53 | 15,437,758.76 |
| Other accounts payable | 86,477,132.49 | 86,221,176.90 |
| Reinsurance payables | ||
| Insurance contract reserve |
| Security trading of agency | ||
| Security sales of agency | ||
| Liability held for sale | ||
| Non-current liabilities due within 1 year | 32,400,000.00 | |
| Other current liabilities | ||
| Total current liabilities | 1,061,220,359.35 | 764,781,017.07 |
| Non-current liabilities: | ||
| Long-term loans | 25,940,000.00 | 25,940,000.00 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Projected liabilities | 26,744,332.38 | 26,788,590.38 |
| Deferred income | 38,944,849.20 | 41,948,231.12 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 91,629,181.58 | 94,676,821.50 |
| Total liabilities | 1,152,849,540.93 | 859,457,838.57 |
| Owner’s equity: | ||
| Share capital | 602,762,596.00 | 602,762,596.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 362,770,922.10 | 362,770,922.10 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 332,908,397.60 | 332,908,397.60 |
| Provision of general risk | ||
| Retained profit | 697,351,567.82 | 660,176,169.69 |
| Total owner’s equity attributable to parent company | 1,995,793,483.52 | 1,958,618,085.39 |
| Minority interests | 61,995,722.11 | 65,728,468.74 |
| Total owner’s equity | 2,057,789,205.63 | 2,024,346,554.13 |
| Total liabilities and owner’s equity | 3,210,638,746.56 | 2,883,804,392.70 |
Legal representative: Chairman Li XinweiPerson in charge of accounting works: Director GM Chen Yuhui; CFO Dai XijiPerson in charge of accounting institution: Deputy Manager Wang Yi (act for the financial management dept.)
2. Balance Sheet of Parent Company
In RMB
| Item | Balance at period-end | Balance at period-begin |
| Current assets: | ||
| Monetary funds | 587,518,316.52 | 159,883,551.05 |
| Financial assets measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 119,954,844.21 | 17,599,743.80 |
| Including: Notes receivable | ||
| Accounts receivable | 119,954,844.21 | 17,599,743.80 |
| Account paid in advance | 49,616,874.04 | 72,042,056.16 |
| Other receivables | 1,203,915,251.17 | 913,646,990.47 |
| Inventories | 59,960,177.06 | 68,187,593.73 |
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 355,062,382.97 | 406,616,846.60 |
| Total current assets | 2,376,027,845.97 | 1,637,976,781.81 |
| Non-current assets: | ||
| Available-for-sale financial assets | 60,615,000.00 | 60,615,000.00 |
| Held-to-maturity investments | ||
| Long-term receivables | ||
| Long-term equity investments | 691,982,849.76 | 691,982,849.76 |
| Investment property | ||
| Fixed assets | 274,106,004.22 | 220,519,962.58 |
| Construction in progress | 34,488,546.51 | 755,227.83 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Intangible assets | 1,819,007.10 | 2,726,256.15 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | ||
| Other non-current assets | 1,516,600.00 | |
| Total non-current assets | 1,063,011,407.59 | 978,115,896.32 |
| Total assets | 3,439,039,253.56 | 2,616,092,678.13 |
| Current liabilities: | ||
| Short-term borrowings | 857,000,000.00 | 50,000,000.00 |
| Financial liability measured by fair value and with variation reckoned into current gains/losses | ||
| Derivative financial liability | ||
| Notes payable and accounts payable | 48,513,906.57 | 40,330,866.72 |
| Accounts received in advance | ||
| Wage payable | 17,274,113.11 | 23,669,295.53 |
| Taxes payable | 11,468,463.50 | 5,703,576.67 |
| Other accounts payable | 157,647,158.18 | 176,969,515.07 |
| Liability held for sale | ||
| Non-current liabilities due within 1 year | ||
| Other current liabilities | ||
| Total current liabilities | 1,091,903,641.36 | 296,673,253.99 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Projected liabilities | ||
| Deferred income | 21,678,471.96 | 23,665,762.95 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 21,678,471.96 | 23,665,762.95 |
| Total liabilities | 1,113,582,113.32 | 320,339,016.94 |
| Owners’ equity: | ||
| Share capita | 602,762,596.00 | 602,762,596.00 |
| Other equity instrument | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 289,963,039.70 | 289,963,039.70 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus reserve | 332,908,397.60 | 332,908,397.60 |
| Retained profit | 1,099,823,106.94 | 1,070,119,627.89 |
| Total owner’s equity | 2,325,457,140.24 | 2,295,753,661.19 |
| Total liabilities and owner’s equity | 3,439,039,253.56 | 2,616,092,678.13 |
3. Consolidated Profit Statement (this report period)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 540,079,674.10 | 697,890,935.29 |
| Including: Operating income | 540,079,674.10 | 697,890,935.29 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 532,319,916.09 | 676,086,365.59 |
| Including: Operating cost | 501,388,631.81 | 636,024,697.52 |
| 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 | ||
| Operating tax and extras | 3,124,279.89 | 3,669,791.65 |
| Sales expenses | 1,159,673.57 | 951,931.82 |
| Administration expenses | 18,099,285.61 | 24,103,443.73 |
| R&D expenses | ||
| Financial expenses | 8,548,045.21 | 12,360,100.87 |
| Including: Interest expenses | 11,706,839.34 | 13,001,851.88 |
| Interest income | -3,109,638.26 | -784,465.91 |
| Losses of devaluation of asset | -1,023,600.00 | |
| Add: other income | 3,236,394.61 | 1,770,275.49 |
| Investment income (Loss is listed with “-”) | -587,285.32 | -518,050.11 |
| Including: Investment income on affiliated company and joint venture | ||
| Changing income of fair value(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| III. Operating profit (Loss is listed with “-”) | 10,408,867.30 | 23,056,795.08 |
| Add: Non-operating income | 3,200.00 | 343,403.40 |
| Less: Non-operating expense | 60,699.90 | |
| IV. Total Profit (Loss is listed with “-”) | 10,351,367.40 | 23,400,198.48 |
| Less: Income tax expense | 5,738,478.65 | 2,274,536.80 |
| V. Net profit (Net loss is listed with “-”) | 4,612,888.75 | 21,125,661.68 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | ||
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| Net profit attributable to owner’s of parent company | 7,163,302.91 | 20,474,941.54 |
| Minority shareholders’ gains and | -2,550,414.16 | 650,720.14 |
| 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 as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| Net after-tax of other comprehensive income attributable to minority |
| shareholders | ||
| VII. Total comprehensive income | 4,612,888.75 | 21,125,661.68 |
| Total comprehensive income attributable to owners of parent Company | 7,163,302.91 | 20,474,941.54 |
| Total comprehensive income attributable to minority shareholders | -2,550,414.16 | 650,720.14 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.01 | 0.03 |
| (ii) Diluted earnings per share | 0.01 | 0.03 |
The net profit achieved before combination was 0.00 Yuan from combined party, newt profit achieved by combined party last period,while enterprise combined under the same controlLegal representative: Chairman Li XinweiPerson in charge of accounting works: Director GM Chen Yuhui; CFO Dai XijiPerson in charge of accounting institution: Deputy Manager Wang Yi (act for the financial management dept.)
4. Profit Statement of parent company (this report period)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 242,999,651.01 | 282,150,380.05 |
| Less: Operating cost | 224,777,354.74 | 259,054,134.55 |
| Operating tax and extras | 698,179.44 | 820,098.07 |
| Sales expenses | ||
| Administration expenses | 6,758,774.44 | 8,990,301.26 |
| R&D expenses | ||
| Financial expenses | -5,320,737.46 | -935,402.68 |
| Including: Interest expenses | 11,150,980.92 | 4,928,268.85 |
| Interest income | -16,788,473.01 | -5,793,514.04 |
| Losses of devaluation of asset | ||
| Add: other income | 1,662,430.33 | 662,430.33 |
| Investment income (Loss is listed with “-”) | ||
| Including: Investment income on affiliated company and joint venture | ||
| Changing income of fair value(Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) |
| II. Operating profit (Loss is listed with “-”) | 17,748,510.18 | 14,883,679.18 |
| Add: Non-operating income | 2,200.00 | 342,403.39 |
| Less: Non-operating expense | 88,000.00 | |
| III. Total Profit (Loss is listed with “-”) | 17,662,710.18 | 15,226,082.57 |
| Less: Income tax expense | 4,415,677.54 | |
| IV. Net profit (Net loss is listed with “-”) | 13,247,032.64 | 15,226,082.57 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | ||
| (ii) net profit from discontinued operation (Net loss is 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 as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity |
| investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| VI. Total comprehensive income | 13,247,032.64 | 15,226,082.57 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
5. Consolidated profit statement (from year-begin to end of this period)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 1,619,839,888.90 | 1,570,853,632.62 |
| Including: Operating income | 1,619,839,888.90 | 1,570,853,632.62 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 1,577,363,145.86 | 1,581,145,383.63 |
| Including: Operating cost | 1,471,083,684.84 | 1,463,786,256.85 |
| 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 | ||
| Operating tax and extras | 7,846,282.62 | 7,164,273.12 |
| Sales expenses | 2,809,911.61 | 2,365,011.12 |
| Administration expenses | 64,780,935.65 | 65,294,662.19 |
| R&D expenses | ||
| Financial expenses | 30,842,331.14 | 44,039,491.32 |
| Including: Interest expenses | 35,744,972.25 | 52,090,629.98 |
| Interest income | -5,296,804.36 | -8,694,653.64 |
| Losses of devaluation of asset | -1,504,310.97 | |
| Add: other income | 7,373,199.99 | 5,260,138.59 |
| Investment income (Loss is listed with “-”) | -1,664,189.63 | -1,537,470.11 |
| Including: Investment income on affiliated company and joint venture | ||
| Changing income of fair value(Loss is listed with “-”) | ||
| Exchange income (Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| III. Operating profit (Loss is listed with “-”) | 48,185,753.40 | -6,569,082.53 |
| Add: Non-operating income | 7,975.00 | 349,199.40 |
| Less: Non-operating expense | 919,718.63 | 172,009.57 |
| IV. Total Profit (Loss is listed with “-”) | 47,274,009.77 | -6,391,892.70 |
| Less: Income tax expense | 13,831,358.27 | 3,195,032.67 |
| V. Net profit (Net loss is listed with “-”) | 33,442,651.50 | -9,586,925.37 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | ||
| (ii) net profit from discontinued operation (Net loss is listed with “-”) | ||
| Net profit attributable to owner’s of parent company | 37,175,398.13 | -2,154,259.84 |
| Minority shareholders’ gains and losses | -3,732,746.63 | -7,432,665.53 |
| 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 as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 33,442,651.50 | -9,586,925.37 |
| Total comprehensive income attributable to owners of parent Company | 37,175,398.13 | -2,154,259.84 |
| Total comprehensive income attributable to minority shareholders | -3,732,746.63 | -7,432,665.53 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.06 | -0.004 |
| (ii) Diluted earnings per share | 0.06 | -0.004 |
The net profit achieved before combination was 0.00 Yuan from combined party, newt profit achieved by combined party last period,while enterprise combined under the same control
6. Profit Statement of parent company (from year-begin to end of this period)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 649,846,092.85 | 610,550,939.54 |
| Less: Operating cost | 598,007,415.86 | 612,475,302.77 |
| Operating tax and extras | 1,552,236.68 | 1,518,758.73 |
| Sales expenses | ||
| Administration expenses | 27,772,982.44 | 28,391,217.61 |
| R&D expenses | ||
| Financial expenses | -14,847,889.40 | -11,237,786.40 |
| Including: Interest expenses | 23,538,101.34 | 22,006,989.98 |
| Interest income | -39,227,719.49 | -33,115,144.03 |
| Losses of devaluation of asset | -480,710.97 | |
| Add: other income | 3,087,290.99 | 2,182,970.99 |
| Investment income (Loss is listed with “-”) | ||
| Including: Investment income on affiliated company and joint venture | ||
| Changing income of fair value(Loss is listed with “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | ||
| II. Operating profit (Loss is listed with “-”) | 40,448,638.26 | -17,932,871.21 |
| Add: Non-operating income | 3,975.00 | 343,403.39 |
| Less: Non-operating expense | 847,974.53 | 159,602.00 |
| III. Total Profit (Loss is listed with “-”) | 39,604,638.73 | -17,749,069.82 |
| Less: Income tax expense | 9,901,159.68 | |
| IV. Net profit (Net loss is listed with “-”) | 29,703,479.05 | -17,749,069.82 |
| (i) net profit from continuous operation (Net loss is listed with “-”) | ||
| (ii) net profit from discontinued operation (Net loss is 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 as a result of re-measurement of net defined benefit plan liability or asset | ||
| 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss | ||
| (II) Other comprehensive income items which will be reclassified subsequently to profit or loss | ||
| 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss | ||
| 2. Gains or losses arising from changes in fair value of available-for-sale financial assets | ||
| 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets | ||
| 4. The effect hedging portion of gains or losses arising from |
| cash flow hedging instruments | ||
| 5. Translation differences arising on translation of foreign currency financial statements | ||
| 6. Other | ||
| VI. Total comprehensive income | 29,703,479.05 | -17,749,069.82 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
7. Consolidated Cash Flow Statement (from year-begin to end of this period)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 1,806,639,861.18 | 1,691,955,407.45 |
| 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 | ||
| Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business |
| capital | ||
| Write-back of tax received | 4,030,530.35 | 2,170,304.49 |
| Other cash received concerning operating activities | 12,658,115.06 | 379,307,395.05 |
| Subtotal of cash inflow arising from operating activities | 1,823,328,506.59 | 2,073,433,106.99 |
| Cash paid for purchasing commodities and receiving labor service | 1,422,180,905.60 | 1,836,931,110.80 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 100,336,870.19 | 106,241,002.36 |
| Taxes paid | 78,049,256.10 | 266,415,531.89 |
| Other cash paid concerning operating activities | 40,376,695.07 | 35,188,297.66 |
| Subtotal of cash outflow arising from operating activities | 1,640,943,726.96 | 2,244,775,942.71 |
| Net cash flows arising from operating activities | 182,384,779.63 | -171,342,835.72 |
| 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 | 277,500.00 | |
| Net cash received from disposal of subsidiaries and other units |
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 277,500.00 | |
| Cash paid for purchasing fixed, intangible and other long-term assets | 115,483,689.48 | 50,262,554.32 |
| Cash paid for investment | ||
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 115,483,689.48 | 50,262,554.32 |
| Net cash flows arising from investing activities | -115,206,189.48 | -50,262,554.32 |
| 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 | 1,157,000,000.00 | 617,290,000.00 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | 21,000,000.00 | 22,520,613.68 |
| Subtotal of cash inflow from financing activities | 1,178,000,000.00 | 639,810,613.68 |
| Cash paid for settling debts | 848,250,000.00 | 1,422,840,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 35,378,885.11 | 44,344,877.74 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | 5,170,000.00 | 5,540,000.00 |
| Subtotal of cash outflow from financing | 888,798,885.11 | 1,472,724,877.74 |
| activities | ||
| Net cash flows arising from financing activities | 289,201,114.89 | -832,914,264.06 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 352,586.62 | -286,585.73 |
| V. Net increase of cash and cash equivalents | 356,732,291.66 | -1,054,806,239.83 |
| Add: Balance of cash and cash equivalents at the period -begin | 411,613,377.07 | 1,389,482,327.86 |
| VI. Balance of cash and cash equivalents at the period -end | 768,345,668.73 | 334,676,088.03 |
8. Cash Flow Statement of parent company (from year-begin to end of this period)
In RMB
| Item | Current Period | Last Period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 937,902,617.87 | 892,462,292.20 |
| Write-back of tax received | ||
| Other cash received concerning operating activities | 435,177,432.37 | 488,204,832.60 |
| Subtotal of cash inflow arising from operating activities | 1,373,080,050.24 | 1,380,667,124.80 |
| Cash paid for purchasing commodities and receiving labor service | 604,176,979.39 | 879,431,296.51 |
| Cash paid to/for staff and workers | 61,122,432.34 | 65,224,532.95 |
| Taxes paid | 13,132,503.10 | 229,059,661.67 |
| Other cash paid concerning operating activities | 964,304,444.41 | 552,800,106.88 |
| Subtotal of cash outflow arising from operating activities | 1,642,736,359.24 | 1,726,515,598.01 |
| Net cash flows arising from operating activities | -269,656,309.00 | -345,848,473.21 |
| 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 | 262,500.00 | |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | ||
| Subtotal of cash inflow from investing activities | 262,500.00 | |
| Cash paid for purchasing fixed, intangible and other long-term assets | 89,604,338.48 | 635,342.16 |
| Cash paid for investment | ||
| Net cash received from subsidiaries and other units | ||
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 89,604,338.48 | 635,342.16 |
| Net cash flows arising from investing activities | -89,341,838.48 | -635,342.16 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 987,000,000.00 | 80,000,000.00 |
| Cash received from issuing bonds | ||
| Other cash received concerning financing activities | 11,660,000.00 | |
| Subtotal of cash inflow from financing activities | 998,660,000.00 | 80,000,000.00 |
| Cash paid for settling debts | 180,000,000.00 | 692,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 20,369,318.89 | 17,532,981.10 |
| Other cash paid concerning financing activities | ||
| Subtotal of cash outflow from financing activities | 200,369,318.89 | 709,532,981.10 |
| Net cash flows arising from financing activities | 798,290,681.11 | -629,532,981.10 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | 2,231.84 | -1,405.71 |
| V. Net increase of cash and cash equivalents | 439,294,765.47 | -976,018,202.18 |
| Add: Balance of cash and cash equivalents at the period -begin | 148,223,551.05 | 1,119,323,850.36 |
| VI. Balance of cash and cash equivalents at the period -end | 587,518,316.52 | 143,305,648.18 |
II. Audit Report
Whether the third quarter report was audited or not
□Yes √No
The third quarter report of the Company has not been audited.