深圳南山热电股份有限公司Shenzhen Nanshan Power Co., Ltd.
The Third Quarterly Report for 2020
2020-054
October 2020
Section I. Important NoteBoard 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 Shang Ying (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.
Interpretation
| Items | Refers to | Definition |
| Company, the Company, Shen Nan Dian, listed Company | Refers to | 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 |
| Dongguan Company | Refers to | Former Shen Nan Dian (Dongguan) Weimei Electric Power Co., Ltd, and changed the name as Dongguan ShenRan Natural Gas Thermal Power Co., Ltd on 18 August 2020. |
| Nanshan Power Factory | Refers to | Nanshan Power Factory of Shenzhen Nanshan Power Co., Ltd. |
| The reporting period | Refers to | Jul. 1, 2020 to Sept. 30, 2020 |
Section II Basic information of CompanyI. 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) | 3,141,767,739.55 | 3,219,261,720.55 | -2.41% | |||
| Net assets attributable to shareholders of listed company (RMB) | 2,118,847,958.39 | 2,002,772,808.24 | 5.80% | |||
| 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) | 286,084,887.31 | -30.05% | 804,235,493.52 | -1.57% | ||
| Net profit attributable to shareholders of the listed company (RMB) | 76,089,903.65 | 125.07% | 128,130,402.07 | 1,403.26% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 69,619,698.52 | 116.47% | 79,769,428.94 | 1,867.30% | ||
| Net cash flow arising from operating activities (RMB) | 140,653,281.35 | 414.37% | 210,589,842.81 | 152.02% | ||
| Basic earnings per share (RMB/Share) | 0.13 | 116.67% | 0.21 | 2,000.00% | ||
| Diluted earnings per share (RMB/Share) | 0.13 | 116.67% | 0.21 | 2,000.00% | ||
| Weighted average ROE | 3.66% | 112.79% | 6.20% | 1,341.86% | ||
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) | 32,449,141.64 | The investment income received from selling the 70% equity of Shen Nan Dian |
| (Dongguan) Weimei Electric Power Co., Ltd | ||
| Tax refund or mitigate due to examination-and-approval beyond power or without official approval document | ||
| 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) | 11,268,636.75 | Received the return of unemployment insurance expenses and amortized the government subsidy related to assets |
| Income of custody fee from entrusted operation | ||
| Other non-operating income and expenditure except for the aforementioned items | 4,835,616.11 | The account payable no need to paid are transfer to non-operating income |
| Other extraordinary profit (gains)/losses that meets the definition of extraordinary profit(gains)/losses | ||
| Less: impact on income tax | 102,052.65 | |
| Impact on minority shareholders’ equity (post-tax) | 90,368.72 | |
| Total | 48,360,973.13 |
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 | 26,195 | 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 | |||
| Shenzhen Guangju Industrial Co., Ltd. | State-owned corporate | 12.22% | 73,666,824 | |||
| SHENZHEN ENERGY (GROUP) CO., LTD. | State-owned corporate | 10.80% | 65,106,130 | |||
| BOCI SECURITIES LIMITED | Foreign corporate | 2.47% | 14,914,327 | |||
| Gaohua－HSBC－GOLDMAN, SACHS & CO.LLC | Foreign corporate | 2.13% | 12,839,723 | |||
| Liu Fang | Domestic nature person | 1.70% | 10,268,834 | |||
| CMS (HK) | State-owned corporate | 1.29% | 7,755,928 | |||
| Zeng Ying | Domestic nature person | 1.21% | 7,309,600 | |||
| LI SHERYN ZHAN MING | Overseas nature person | 0.97% | 5,825,490 | |||
| Mei Yi Investment Property Co., Ltd. | Domestic non-state-owned corporate | 0.87% | 5,216,700 | |||
| 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 | 14,914,327 | Domestically listed foreign shares | 14,914,327 |
| Gaohua－HSBC－GOLDMAN, SACHS & CO.LLC | 12,839,723 | RMB ordinary shares | 12,839,723 |
| Liu Fang | 10,268,834 | RMB ordinary shares | 7,208,034 |
| Domestically listed foreign shares | 3,060,800 | ||
| CMS (HK) | 7,755,928 | Domestically listed foreign shares | 7,755,928 |
| Zeng Ying | 7,309,600 | Domestically listed foreign shares | 7,309,600 |
| LI SHERYN ZHAN MING | 5,825,490 | Domestically listed foreign shares | 5,825,490 |
| Mei Yi Investment Property Co., Ltd. | 5,216,700 | RMB ordinary shares | 5,216,700 |
| 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 4, 031,688 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 eventsI. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
1. The closing balance of prepaid accounts was 19,086,200 yuan, a decrease of 72.74% from the beginning of the year, mainly due tothe decrease in advance payment for natural gas;
2. The closing balance of other current assets was 836,724,400 yuan, an increase of 87.93% over the beginning of the year, mainlydue to the increase in the purchase of financial products;
3. The closing balance of fixed assets was 943,455,500 yuan, a decrease of 31.72% from the beginning of the year, mainly becausethe company sold its 70% equity in Shennandian Dongguan Company, and Shennandian Dongguan Company was no longerincluded in the scope of consolidation at the end of the reporting period;
4. The closing balance of intangible assets was 21,129,900 yuan, a decrease of 51.54% from the beginning of the year, mainlybecause the company sold its 70% equity in Shennandian Dongguan Company, and Shennandian Dongguan Company was no longerincluded in the scope of consolidation at the end of the reporting period;
5. The closing balance of other non-current assets was 0 yuan, a decrease of 100% from the beginning of the year, mainly because thecompany sold its 70% equity in Shennandian Dongguan Company, and Shennandian Dongguan Company was no longer included inthe scope of consolidation at the end of the reporting period;
6. The closing balance of accounts payable was 12,129,300 yuan, a decrease of 38.96% from the beginning of the year, mainly due tothe decrease in payables of natural gas;
7. The closing balance of taxes and fees payable was 9,519,400 yuan, a decrease of 56.27% from the beginning of the year, mainlybecause the company sold its 70% equity in Shennandian Dongguan Company, and Shennandian Dongguan Company was no longerincluded in the scope of consolidation at the end of the reporting period;
8. The closing balance of other payables was 27,160,300 yuan, a decrease of 37.84% from the beginning of the year, mainly becausethe company sold its 70% equity in Shennandian Dongguan Company, and Shennandian Dongguan Company was no longerincluded in the scope of consolidation at the end of the reporting period;
9. Taxes and surcharges from the beginning of the year to the end of the reporting period amounted to 6,235,100 yuan, a year-on-yearincrease of 35.47%, mainly due to the increase in value-added tax surcharges;
10. Financial expenses from the beginning of the year to the end of the reporting period was 5,813,300 yuan, a year-on-year decreaseof 65.75%, mainly due to the decrease in average financing interest rates;
11. Investment income from the beginning of the year to the end of the reporting period was 32,667,900 yuan, a year-on-yearincrease of 4,554.53%, mainly because the company sold its 70% equity in Shennandian Dongguan Company in the current periodand obtained investment income of 33,534,900 yuan;
12. Income from asset disposal from the beginning of the year to the end of the reporting period was -1,085,700 yuan, and the incomedecreased by 170.09% on a year-on-year basis, mainly due to the increase in the loss of non-current asset disposal;
13. Non-operating income from the beginning of the year to the end of the reporting period was 4,880,600 yuan, a year-on-yearincrease of 3,256.85%, mainly due to the increase in payables not required to be paid into non-operating income during the currentperiod;
14. Net cash flow from operating activities from the beginning of the year to the end of the reporting period was 210,589,800 yuan,
and the net inflow increased by 152.02% on a year-on-year basis, mainly due to the decrease in natural gas purchase expenditure;
15. Net cash flow from investment activities from the beginning of the year to the end of the reporting period was -388,327,700 yuan,and the net outflow increased by 707.51% on a year-on-year basis, mainly due to the increase in the purchase of financial productsduring the current period;
16. Net cash flow from financing activities from the beginning of the year to the end of the reporting period was 295,462,900 yuan,and the net inflow increased by 2,344.99% on a year-on-year basis, mainly due to the increase in borrowings.
II. Progress and influence of the main events as well as solution analysis specification
√ Applicable □ Not applicable
1. Matters related to the adjustment of on-grid tariffs for natural gas power generation. On July 31, 2020, the Guangdong ProvincialDevelopment and Reform Commission issued the "Notice on Adjusting the On-grid Tariffs for Natural Gas Power Generation in OurProvince" (YFGJG [2020] No. 284, hereinafter referred to as the "Notice"), and decided to further adjust the on-grid tariffs fornatural gas power generation in Guangdong Province. According to the spirit of the "Notice", starting from August 1, 2020, theon-grid price of the company's existing natural gas generator sets shall be adjusted from 0.665 yuan/kWh to 0.63 yuan/kWh (annualutilization hours within 4000 hours (inclusive) ), and to 0.463 yuan/kwh (annual utilization hours more than 4000 hours). The on-gridtariffs of the company’s contract electricity in 2020 will not be adjusted within this year (for details, please refer to theAnnouncement on the Adjustment of On-grid Tariffs for Natural Gas Power Generation disclosed by the company at ChinaSecurities Journal, Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn, announcement number: 2020-037).
2. T102-0011, T102-0155 land related matters. On September 24, 2020, the company learned of the Notice of Shenzhen MunicipalBureau of Planning and Natural Resources on Printing and Distributing the "2020 Urban Renewal and Land Preparation Plan ofShenzhen City" from the online website of the Shenzhen government. (Hereinafter referred to as the "Land Preparation Plan").According to the relevant content of the "Land Preparation Plan" and its attached tables, the 2020 land preparation project of QianhaiCooperation Zone still includes the land acquisition and storage of the company-affiliated Nanshan Thermal Power Plant. Thecompany will follow up with legal counsel to understand the relevant situation, and do its best to protect the legal rights and interestsof the listed company and all shareholders (for details, please refer to the Announcement on Learning that the Shenzhen MunicipalBureau of Planning and Natural Resources Has Issued the "2020 Urban Renewal and Land Preparation Plan of Shenzhen City"disclosed by the company at China Securities Journal, Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn,announcement number: 2020-042).
3. Matters related to investment in the Zhongshan Prefabricated Building Industrial Park Project. On September 28, 2020, thecompany held the 13
thinterim meeting of the eighth board of directors by means of communication voting, which deliberated andapproved the "Proposal on Investment in the Zhongshan Prefabricated Building Industrial Park Project", and the company was agreedto use its own funds of 29,29 0,000 yuan to invest in the Zhongshan Prefabricated Building Industrial Park Project (for details, pleaserefer to the Announcement on Investment in the Zhongshan Prefabricated Building Industrial Park Project disclosed by the companyat China Securities Journal, Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn, announcement number:
2020-044).In addition to the above, the Xinjiang aid project of Guangdong Province in which the company participated in 2013, the collectionof refund of the "Project Technological Transformation Benefit Fund", and investment in Yuanzhi Ruixin New GenerationInformation Technology Equity Investment Fund had no progress or change in the current period.
Implementation 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 actual controller, shareholder, related parties, offeror and thecompany have fulfilled during the reporting period and have not yet fulfilled by the end ofreporting period
□ Applicable √ Not applicable
There are no commitments that the actual controller, shareholder, related parties, offeror and the company have fulfilled during thereporting period and have not yet fulfilled by the end of reporting period.IV. Financial assets investment
1. Security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
2. Derivative investment
□ Applicable √ Not applicable
The Company had no derivative investment in Period.V. Progress of investment project with fund-raising
□ Applicable √ Not applicable
VI. Prediction of 2020 business performanceEstimation 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 source | Amount occurred | Balance unexpired | Amount overdue |
| uncollected | ||||
| Bank financial products | Own fund | 141,540.00 | 49,800.00 | 0.00 |
| Total | 141,540.00 | 49,800.00 | 0.00 | |
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. External guarantee against the rules
□ Applicable √ Not applicable
The Company has no external guarantee against the rules in the Period.X. Controlling shareholders' and its related party's non-business capital occupying of thelisted company
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
XI. Registration form of receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
| Time | Place | Way | Type | Objects | Contents discussed and material provided | Index |
| July – Sept. 2020 | The company | Field research | Personal | 17 person times | Inquiry of register of shareholders | Register of shareholders |
| July – Sept. 2020 | Interactive platform of SZSE | Written inquiry | Personal | 20 person times | Query number of the shareholders, progress of the investment projects and relevant items of Nanshan Power Plant with land concerned | Reply in written |
| July – Sept. 2020 | The company | Telephone communication | Personal | More than 10 person times | Going concern of the Company and relevant items of | Reply in line with the laws and regulations |
Section IV. Financial StatementI. Financial statement
1. Consolidated Balance Sheet
Prepared by Shenzhen Nanshan Power Co., Ltd.
September 30, 2020
In RMB
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 889,075,577.16 | 773,209,854.84 |
| Settlement provisions | ||
| Capital lent | ||
| Tradable financial assets | ||
| Derivative financial assets | ||
| Note receivable | 1,000,000.00 | |
| Account receivable | 144,098,307.87 | 178,150,580.32 |
| Receivable financing | ||
| Accounts paid in advance | 19,086,157.09 | 70,005,681.50 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 35,020,697.74 | 32,321,826.94 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 108,766,381.19 | 124,686,443.61 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 836,724,400.19 | 445,236,731.33 |
| Total current assets | 2,033,771,521.24 | 1,623,611,118.54 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 13,752,217.16 | 14,619,203.03 |
| Investment in other equity instrument | 60,615,000.00 | 60,615,000.00 |
| Other non-current financial assets | ||
| Investment real estate | 2,254,223.80 | 2,401,327.00 |
| Fixed assets | 943,455,509.83 | 1,381,675,872.68 |
| Construction in progress | 63,487,052.76 | 66,474,630.23 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | 21,129,927.87 | 43,602,166.44 |
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 1,096,237.20 | 1,174,171.16 |
| Deferred income tax asset | 2,206,049.69 | 2,206,049.69 |
| Other non-current asset | 22,882,181.78 | |
| Total non-current asset | 1,107,996,218.31 | 1,595,650,602.01 |
| Total assets | 3,141,767,739.55 | 3,219,261,720.55 |
| Current liabilities: | ||
| Short-term loans | 744,361,492.53 | 881,075,378.48 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | 30,467,345.48 | |
| Account payable | 12,129,258.03 | 19,871,102.41 |
| Accounts received in advance | ||
| Contractual liability |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 41,161,863.55 | 55,208,432.53 |
| Taxes payable | 9,519,423.41 | 21,769,273.77 |
| Other account payable | 27,160,303.22 | 43,691,472.06 |
| Including: Interest payable | ||
| Dividend payable | ||
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 864,799,686.22 | 1,021,615,659.25 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long-term wages payable | ||
| Accrual liability | 26,646,056.28 | 26,646,056.28 |
| Deferred income | 95,365,510.87 | 108,507,683.52 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 122,011,567.15 | 135,153,739.80 |
| Total liabilities | 986,811,253.37 | 1,156,769,399.05 |
| 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 | -2,500,000.00 | -2,500,000.00 |
| Reasonable reserve | ||
| Surplus public reserve | 332,908,397.60 | 332,908,397.60 |
| Provision of general risk | ||
| Retained profit | 822,906,042.69 | 706,830,892.54 |
| Total owner’ s equity attributable to parent company | 2,118,847,958.39 | 2,002,772,808.24 |
| Minority interests | 36,108,527.79 | 59,719,513.26 |
| Total owner’ s equity | 2,154,956,486.18 | 2,062,492,321.50 |
| Total liabilities and owner’ s equity | 3,141,767,739.55 | 3,219,261,720.55 |
Legal Representative: Li XinweiGeneral Manager: Chen YuhuiCFO: Dai XijiPerson in charge of financial dept.: Shang YingTabulator: Liu Yan
2. Balance Sheet of Parent Company
In RMB
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 769,363,144.51 | 632,948,706.11 |
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable |
| Account receivable | 76,275,339.53 | 31,824,693.69 |
| Receivable financing | ||
| Accounts paid in advance | 11,987,849.12 | 46,152,700.57 |
| Other account receivable | 620,573,184.42 | 873,861,071.55 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Inventories | 98,171,690.44 | 101,728,367.43 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 830,111,310.21 | 438,613,774.49 |
| Total current assets | 2,406,482,518.23 | 2,125,129,313.84 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investments | 60,615,000.00 | 303,341,165.00 |
| Investment in other equity instrument | 228,918,765.00 | 60,615,000.00 |
| Other non-current financial assets | ||
| Investment real estate | ||
| Fixed assets | 310,292,880.90 | 321,395,526.04 |
| Construction in progress | 2,715,699.46 | 1,949,450.23 |
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 180,901.66 | 404,104.06 |
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | 780,553.86 | 790,841.39 |
| Deferred income tax assets | ||
| Other non-current assets | ||
| Total non-current assets | 603,503,800.88 | 688,496,086.72 |
| Total assets | 3,009,986,319.11 | 2,813,625,400.56 |
| Current liabilities | ||
| Short-term borrowings | 744,361,492.53 | 580,640,114.59 |
| Trading financial liability | ||
| Derivative financial liability | ||
| Notes payable | 30,467,345.48 | |
| Account payable | 1,299,634.50 | 864,016.74 |
| Accounts received in advance | ||
| Contractual liability | ||
| Wage payable | 25,677,511.20 | 33,840,544.53 |
| Taxes payable | 1,501,673.09 | 718,630.17 |
| Other accounts payable | 200,612,057.86 | 203,332,331.14 |
| Including: Interest payable | ||
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 1,003,919,714.66 | 819,395,637.17 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term account payable | ||
| Long term employee compensation payable | ||
| Accrued liabilities | ||
| Deferred income | 55,669,419.74 | 58,261,356.20 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 55,669,419.74 | 58,261,356.20 |
| Total liabilities | 1,059,589,134.40 | 877,656,993.37 |
| Owners’ equity: |
| Share capital | 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 | ||
| Special reserve | ||
| Surplus reserve | 332,908,397.60 | 332,908,397.60 |
| Retained profit | 724,763,151.41 | 710,334,373.89 |
| Total owner’s equity | 1,950,397,184.71 | 1,935,968,407.19 |
| Total liabilities and owner’s equity | 3,009,986,319.11 | 2,813,625,400.56 |
3. Consolidated Profit Statement (the period)
In RMB
| Item | Current period | Last period |
| I. Total operating income | 286,084,887.31 | 408,965,405.06 |
| Including: Operating income | 286,084,887.31 | 408,965,405.06 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 208,493,453.86 | 374,801,431.84 |
| Including: Operating cost | 180,152,585.64 | 338,315,943.94 |
| 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 | 1,816,035.30 | 1,777,111.69 |
| Sales expense | 1,484,424.68 | 1,928,107.58 |
| Administrative expense | 24,291,804.01 | 26,445,470.32 |
| R&D expense | ||
| Financial expense | 748,604.23 | 6,334,798.31 |
| Including: Interest expenses | 6,524,737.81 | 12,509,328.65 |
| Interest income | -337,274.18 | -6,033,355.10 |
| Add: other income | 3,796,670.90 | 2,613,742.57 |
| Investment income (Loss is listed with “-”) | -623,363.44 | -55,811.88 |
| Including: Investment income on affiliated company and joint venture | -623,363.44 | -55,811.88 |
| 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 “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | -1,914,275.57 | 15,929.20 |
| III. Operating profit (Loss is listed with “-”) | 78,850,465.34 | 36,737,833.11 |
| Add: Non-operating income | 4,875,852.27 | 42,225.95 |
| Less: Non-operating expense | 33,880.00 | |
| IV. Total profit (Loss is listed with “-”) | 83,692,437.61 | 36,780,059.06 |
| Less: Income tax expense | 805,356.55 | 532,314.75 |
| V. Net profit (Net loss is listed with “-”) | 82,887,081.06 | 36,247,744.31 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 82,887,081.06 | 36,247,744.31 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 76,089,903.65 | 33,806,673.10 |
| 2.Minority shareholders’ gains and losses | 6,797,177.41 | 2,441,071.21 |
| 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 | 82,887,081.06 | 36,247,744.31 |
| Total comprehensive income attributable to owners of parent Company | 76,089,903.65 | 33,806,673.10 |
| Total comprehensive income attributable to minority shareholders | 6,797,177.41 | 2,441,071.21 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.13 | 0.06 |
| (ii) Diluted earnings per share | 0.13 | 0.06 |
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0Yuan achieved last periodLegal Representative: Li XinweiGeneral Manager: Chen YuhuiCFO: Dai XijiPerson in charge of financial dept.: Shang YingTabulator: Liu Yan
4. Profit Statement of Parent Company (the period)
In RMB
| Item | Current period | Last period |
| I. Operating income | 138,216,891.20 | 151,202,050.39 |
| Less: Operating cost | 104,129,927.17 | 134,616,600.81 |
| Taxes and surcharge | 127,301.00 | 627,926.08 |
| Sales expenses | ||
| Administration expenses | 11,888,726.10 | 13,065,142.90 |
| R&D expenses | ||
| Financial expenses | -5,788,324.64 | -6,523,976.71 |
| Including: interest expenses | 7,853,396.27 | 8,966,803.17 |
| Interest income | -13,535,561.48 | -15,618,109.23 |
| Add: other income | 2,819,935.29 | 863,978.82 |
| 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 “-”) | ||
| Income on disposal of assets (Loss is listed with “-”) | -1,914,275.57 | |
| II. Operating profit (Loss is listed with “-”) | 28,764,921.29 | 10,280,336.13 |
| Add: Non-operating income | 3,470,730.44 | 44,075.95 |
| Less: Non-operating expense | 4,180.00 | |
| III. Total Profit (Loss is listed with “-”) | 32,231,471.73 | 10,324,412.08 |
| Less: Income tax | ||
| IV. Net profit (Net loss is listed with “-”) | 32,231,471.73 | 10,324,412.08 |
| (i)continuous operating net profit (net loss listed with ‘-”) | ||
| (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 | 32,231,471.73 | 10,324,412.08 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Total operating income | 804,235,493.52 | 817,090,021.44 |
| Including: Operating income | 804,235,493.52 | 817,090,021.44 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 716,650,996.70 | 818,761,404.40 |
| Including: Operating cost | 633,262,021.78 | 721,313,081.63 |
| 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 | 6,235,143.99 | 4,602,545.12 |
| Sales expense | 4,011,828.34 | 4,494,377.10 |
| Administrative expense | 67,328,676.16 | 71,377,334.82 |
| R&D expense | ||
| Financial expense | 5,813,326.43 | 16,974,065.73 |
| Including: Interest expenses | 24,712,496.94 | 36,052,299.86 |
| Interest income | -13,479,559.50 | -19,222,960.77 |
| Add: other income | 12,552,207.45 | 7,575,898.03 |
| Investment income (Loss is listed with “-”) | 32,667,895.68 | -733,364.25 |
| Including: Investment income on affiliated company and joint venture | -866,985.87 | -733,364.25 |
| 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 “-”) | ||
| Income from assets disposal (Loss is listed with “-”) | -1,085,739.91 | -401,997.12 |
| III. Operating profit (Loss is listed with “-”) | 131,718,860.04 | 4,769,153.70 |
| Add: Non-operating income | 4,880,606.11 | 145,392.45 |
| Less: Non-operating expense | 44,990.00 | 46,124.97 |
| IV. Total profit (Loss is listed with “-”) | 136,554,476.15 | 4,868,421.18 |
| Less: Income tax expense | 1,415,723.07 | 1,690,180.51 |
| V. Net profit (Net loss is listed with “-”) | 135,138,753.08 | 3,178,240.67 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | 135,138,753.08 | 3,178,240.67 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 128,130,402.07 | 8,523,482.28 |
| 2.Minority shareholders’ gains and losses | 7,008,351.01 | -5,345,241.61 |
| 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 | 135,138,753.08 | 3,178,240.67 |
| Total comprehensive income attributable to owners of parent Company | 128,130,402.07 | 8,523,482.28 |
| Total comprehensive income attributable to minority shareholders | 7,008,351.01 | -5,345,241.61 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.21 | 0.01 |
| (ii) Diluted earnings per share | 0.21 | 0.01 |
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0Yuan achieved last periodLegal Representative: Li XinweiGeneral Manager: Chen Yuhui
CFO: Dai XijiPerson in charge of financial dept.: Shang YingTabulator: Liu Yan
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
| Item | Current Period | Last Period |
| I. Operating income | 283,983,906.54 | 316,716,101.62 |
| Less: Operating cost | 242,066,846.26 | 306,944,736.34 |
| Taxes and surcharge | 1,170,822.78 | 1,714,956.31 |
| Sales expenses | ||
| Administration expenses | 32,462,409.51 | 37,738,820.83 |
| R&D expenses | ||
| Financial expenses | -21,371,910.66 | -20,863,483.89 |
| Including: interest expenses | 21,860,975.57 | 30,997,787.27 |
| Interest income | -43,275,249.63 | -52,212,343.82 |
| Add: other income | 8,880,990.26 | 2,837,015.37 |
| Investment income (Loss is listed with “-”) | -14,432,400.00 | |
| 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 “-”) | ||
| Income on disposal of assets (Loss is listed with “-”) | -1,085,739.91 | -231,373.37 |
| II. Operating profit (Loss is listed with “-”) | 23,018,589.00 | -6,213,285.97 |
| Add: Non-operating income | 3,470,730.44 | 44,075.95 |
| Less: Non-operating expense | 5,290.00 | |
| III. Total Profit (Loss is listed with “-”) | 26,484,029.44 | -6,169,210.02 |
| Less: Income tax | -2,246,824.86 | |
| IV. Net profit (Net loss is listed with “-”) | 26,484,029.44 | -3,922,385.16 |
| (i)continuous operating net profit (net loss listed with ‘-”) | ||
| (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 | 26,484,029.44 | -3,922,385.16 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
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 | 854,583,680.59 | 848,802,603.75 |
| 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 | 1,493,555.83 | 2,265,516.01 |
| Other cash received concerning operating activities | 35,406,034.85 | 81,128,387.21 |
| Subtotal of cash inflow arising from operating activities | 891,483,271.27 | 932,196,506.97 |
| Cash paid for purchasing commodities and receiving labor service | 494,258,924.26 | 672,227,412.68 |
| 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 | 104,943,904.31 | 109,524,288.48 |
| Taxes paid | 45,311,854.09 | 25,755,985.75 |
| Other cash paid concerning operating activities | 36,378,745.80 | 41,126,489.63 |
| Subtotal of cash outflow arising from operating activities | 680,893,428.46 | 848,634,176.54 |
| Net cash flows arising from operating activities | 210,589,842.81 | 83,562,330.43 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | ||
| Cash received from investment income | 1,608,893.40 | |
| Net cash received from disposal of fixed, intangible and other long-term assets | 2,007,560.00 | |
| Net cash received from disposal of subsidiaries and other units | 32,412,836.98 | |
| Other cash received concerning investing activities | 1,144,800.00 | |
| Subtotal of cash inflow from investing activities | 35,166,530.38 | 2,007,560.00 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 11,852,624.87 | 50,097,147.15 |
| Cash paid for investment | 411,641,588.68 | |
| 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 | 423,494,213.55 | 50,097,147.15 |
| Net cash flows arising from investing activities | -388,327,683.17 | -48,089,587.15 |
| 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 | 1,148,033,285.00 | 1,060,000,000.00 |
| Other cash received concerning financing activities | 170,000,000.00 | 7,303,338.86 |
| Subtotal of cash inflow from financing activities | 1,318,033,285.00 | 1,067,303,338.86 |
| Cash paid for settling debts | 986,000,000.00 | 1,017,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 35,682,397.97 | 38,218,910.05 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | 887,962.40 | |
| Subtotal of cash outflow from financing activities | 1,022,570,360.37 | 1,055,218,910.05 |
| Net cash flows arising from financing activities | 295,462,924.63 | 12,084,428.81 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | -139,508.07 | 187,479.31 |
| V. Net increase of cash and cash equivalents | 117,585,576.20 | 47,744,651.40 |
| Add: Balance of cash and cash equivalents at the period -begin | 771,490,000.96 | 914,956,611.70 |
| VI. Balance of cash and cash equivalents at the period -end | 889,075,577.16 | 962,701,263.10 |
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 | 363,758,410.63 | 396,723,019.74 |
| Write-back of tax received | 312,882.87 | 0.00 |
| Other cash received concerning operating activities | 573,108,390.42 | 510,530,610.81 |
| Subtotal of cash inflow arising from operating activities | 937,179,683.92 | 907,253,630.55 |
| Cash paid for purchasing commodities and receiving labor service | 182,594,001.67 | 339,568,822.95 |
| Cash paid to/for staff and workers | 68,946,420.81 | 67,225,683.91 |
| Taxes paid | 574,512.76 | 10,342,321.56 |
| Other cash paid concerning operating activities | 324,754,556.66 | 226,274,470.30 |
| Subtotal of cash outflow arising from operating activities | 576,869,491.90 | 643,411,298.72 |
| Net cash flows arising from operating activities | 360,310,192.02 | 263,842,331.83 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | ||
| Cash received from investment income | 1,608,893.40 | 0.00 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 0.00 | 1,794,800.00 |
| Net cash received from disposal of subsidiaries and other units | 59,990,000.00 | 0.00 |
| Other cash received concerning investing activities | 0.00 | 0.00 |
| Subtotal of cash inflow from investing activities | 61,598,893.40 | 1,794,800.00 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 4,393,562.84 | 27,470,051.95 |
| Cash paid for investment | 411,641,588.68 | 0.00 |
| Net cash received from subsidiaries and other units obtained | 0.00 | 0.00 |
| Other cash paid concerning investing activities | 0.00 | 0.00 |
| Subtotal of cash outflow from investing activities | 416,035,151.52 | 27,470,051.95 |
| Net cash flows arising from investing activities | -354,436,258.12 | -25,675,251.95 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Cash received from loans | 848,033,285.00 | 760,000,000.00 |
| Other cash received concerning financing activities | 0.00 | 0.00 |
| Subtotal of cash inflow from financing activities | 848,033,285.00 | 760,000,000.00 |
| Cash paid for settling debts | 686,000,000.00 | 910,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 30,603,911.84 | 29,127,152.98 |
| Other cash paid concerning financing activities | 887,962.40 | 0.00 |
| Subtotal of cash outflow from financing activities | 717,491,874.24 | 939,127,152.98 |
| Net cash flows arising from financing activities | 130,541,410.76 | -179,127,152.98 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | -906.26 | 1,429.60 |
| V. Net increase of cash and cash equivalents | 136,414,438.40 | 59,041,356.50 |
| Add: Balance of cash and cash equivalents at the period -begin | 632,948,706.11 | 766,041,463.01 |
| VI. Balance of cash and cash equivalents at the period -end | 769,363,144.51 | 825,082,819.51 |
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 reportWhether the 3
rd
quarterly report has been audited or not
□Yes √ No
3Q report of the Company is unaudited.