SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE &
PROPERTIES (GROUP) CO., LTD.
THIRD QUARTER REPORT 2018
2018-082
October 2018
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of Shenzhen Special Economic Zone Real Estate &
Properties (Group) Co., Ltd. (together with its consolidated subsidiaries, the “Company”,
except where the context otherwise requires) hereby guarantee the factuality, accuracy andcompleteness of the contents of this Report and its summary, and shall be jointly and severally
liable for any misrepresentations, misleading statements or material omissions therein.
All the Company’s directors have attended the Board meeting for the review of this Report
and its summary.
Zhou Jianguo, chairman of the Company’s Board, Chen Maozheng, the Company’s GeneralManager, Tang Xiaoping, the Company’s head for financial affairs, and Qiao Yanjun, head ofthe Company’s financial department (equivalent to financial manager) hereby guarantee that
the Financial Statements carried in this Report are factual, accurate and complete.This Report and its summary have been prepared in both Chinese and English. Should therebe any discrepancies or misunderstandings between the two versions, the Chinese versionsshall prevail.
Part II Key Corporate Information
I Key Consolidated Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
30 September 2018 31 December 2017 Change (%)Total assets (RMB) 4,447,438,366.38
3,989,263,981.96
11.49%
Equity
attributable to the listed
company’s shareholders (RMB)
3,199,567,123.08
| attributable to the listed | ||
2,828,242,120.98
13.13%
Q3 2018 YoY change (%) Q1-Q3 2018 YoY change (%)Operating revenue (RMB) 282,588,259.93
21.13%
1,600,129,891.28
65.89%
Net profit attributable to
company’s shareholders (RMB)
44,934,281.00
| the listed | ||
263.65%
374,000,365.53
150.03%
Net profit attributable to
the listed
company’s shareholders
the listedbefore
exceptional items (RMB)
44,760,056.43
| before | |
262.15%
373,889,817.10
150.19%
Net cash generated from/used in
operating activities (RMB)
-- -- 664,798,431.71
| Net cash generated from/used in | ||
431.32%
Basic earnings per share
(RMB/share)
0.0444
| Basic earnings per share | ||
263.93%
0.3697
149.97%
Diluted earnings per share
(RMB/share)
0.0444
| Diluted earnings per share | ||
263.93%
0.3697
149.97%
Weighted average return on equity
(%)
1.49%
1.04%
12.41%
6.91%
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMBItem Q1-Q3 2018 NoteGain or loss on disposal of non-
current assets (inclusive of
impairment allowance write-offs)
-19,206.48
current assets (inclusive of
Non-operating income and expense other than above 166,604.39
Less: Income tax effects 36,849.48
Total 110,548.43
--Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss
Items:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2018
1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well asHoldings of Top 10 Shareholders
Unit: shareNumber of ordinary shareholders
76,443
Number of preferred
sharehol
ders with resumed
voting rights (if any)
| ders with resumed | |
Top 10 shareholdersName of shareholder
Nature ofshareholder
Shareholdi
ngpercentage
Number of
shares
R
Shares in pledge or frozenStatus Shares
estricted sharesShenzhen Investment Holdings
Co., Ltd
State-ownedlegal person
63.55%
| Shenzhen Investment Holdings | ||
642,884,262
Holding
Shandong Gold FinancialCapital Management
Co., Ltd.－
Capital ManagementShandong Gold
Financial Holding
Shandong GoldSustaining
Fund 1
Domesticnon-state-owned
Sustaininglegal
person
1.02%
legal
10,300,000
Lu Zhigao
Domesticnatural person
0.32%
3,246,949
Tan Shiqing
Domesticnatural person
0.13%
1,286,701
Yang Shuilian
Domesticnatural person
0.13%
1,273,700
Yang Jianxiong
Domesticnatural person
0.12%
1,255,750
Management Co., Ltd.
State-ownedlegal person
0.12%
| Central Huijin Asset | ||
1,165,500
Peng Wei
Domesticnatural person
0.11%
1,129,082
Wu Haoyuan
Foreignnatural person
0.11%
1,109,300
Kong) Limited
Foreign legalperson
0.10%
| Guotai Junan Securities (Hong | ||
1,015,683
Top 10 unrestricted shareholdersName of shareholder Unrestricted shares
Shares by typeType Shares
Shenzhen Investment Holdings Co., Ltd 642,884,262
RMB-denominate
| d ordinary stock | |||
642,884,262
Shandong Gold Financial Holding
Capital Management
Co., Ltd.－Shandong Gold Financial Holding
Capital ManagementSustaining
Fund 1
10,300,000
| Sustaining | |
RMB-denominate
10,300,000
d ordinary stock
Lu Zhigao 3,246,949
RMB-denominate
| d ordinary stock | |||
3,246,949
Tan Shiqing 1,286,701
RMB-denominate
d ordinary stock
1,286,701
d ordinary stock
Yang Shuilian 1,273,700
RMB-denominate
| d ordinary stock | |||
1,273,700
Yang Jianxiong 1,255,750
Domestically
| listed foreign | ||
stock
1,255,750
Central Huijin Asset Management Co., Ltd. 1,165,500
RMB-denominate
| d ordinary stock | |||
1,165,500
Peng Wei 1,129,082
RMB-denominate
| d ordinary stock | |||
1,129,082
Wu Haoyuan 1,109,300
Domesticallylisted
| foreign | |
stock
1,109,300
Guotai Junan Securities (Hong Kong) Limited 1,015,683
Domesticallylisted
| foreign | |
stock
1,015,683
Related or acting-in-
concert parties among shareholders
above
The Company has found no related parties or acting-in-
concert parties among shareholdersconcert parties
as defined in the Administrative Measures for
concert partiesShareholding Changes
in Listed Companies among the shareholders above.Top 10 ordinary shareholders involved in
Shareholding Changessecurities margin
trading (if any)
The fourth shareholder
securities marginholds all his shares in the Company in his
holds all his shares in the Company in hisaccounts of collateral securities for margin trading. And the third
accounts of collateral securities for margin trading. And the thirdshareholder holds some of his shares in the Company in such
accounts.Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of theCompany conducted any promissory repo during the Reporting Period.
□ Yea √ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
Part III Significant Events
I Changes in Key Consolidated Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
Unit: RMBKey income statement
items
Q1~Q3 2018 Q1~Q3 2017Change (%)
Explanation of whyOperating revenue 1,600,129,891.28
964,594,407.66
65.89%
Rise in property sales carryforwards tothe current period
Taxes and surcharges 316,767,417.97
30,671,236.84
932.78%
Rise in property sales carryforwards tothe current period
Selling expense 41,241,971.51
12,382,407.96
233.07%
Rise in sales agent fees andcommissions as a result of the openingof new developments for sale
Administrative expense
44,506,615.17
33,480,030.90
32.93%
Expensing of labor cost and other costsupon the completion of the Cuilinyuanproject
Finance costs -10,289,373.08
-3,137,412.25
-227.96%
Lower interest expense on borrowingsand higher interest income on termdepositsKey cash flowstatement items
Q1~Q3 2018 Q1~Q3 2017Change (%)
Explanation of whyNet cash generated
from/used in operatingactivities
664,798,431.71
-200,649,011.12
431.32%
Rise in sale of commodities
Net cash generatedfrom/used in investingactivities
-599,463,465.47
8,643,770.86
-7035.21%
Purchase of a 600-million six-monthbank structured deposit
Net cash generatedfrom/used in financingactivities
-136,127,057.86
-18,576,803.21
-632.78%
Repayment of bank loans
Key balance sheet
items
30 September 2018
31 December 2017
Change (%)
Explanation of whyOther current assets 606,889,159.07
11,369,544.80
5237.85%
Purchase of a 600-million six-monthbank structured depositShort-term borrowings
35,048,803.88
104,207,653.64
-66.37%
Decline in commercial acceptance bill
discounting and the use of such bills aspledge for loansCurrent portion ofnon-current liabilities
17,773,200.00
64,000,000.00
-72.23%
Repayment of bank loans due withinone year
Long-term borrowings
13,340,200.00
82,000,000.00
-83.73%
Repayment of bank loans
II Progress, Influence and Solutions Associated with Significant Events
√ Applicable □ Not applicable
Since Shenzhen Investment Holdings Co., Ltd, the controlling shareholder of the Company, is
planning a significant event that involves the Company, trading of the Company’s stocks (A-stock:
stock name: SPG, stock code: 000029; B-stock: stock name: SPG-B, stock code: 200029) has beensuspended since the opening of 14 September 2016. On 30 September 2016, the Company disclosedthe Announcement on Share Trading Suspension Due to Major Assets Restructuring (No. 2016-025),and the suspension continued due to major assets restructuring since the market opening on 30September 2016.The Company is organizing relevant intermediaries to conduct supplementary due diligence on theparties to the restructuring of assets and trading, carry out supplementary audit and evaluation work,and update the major asset restructuring plan or report (draft) and other relevant documents. Themajor assets restructuring of the Company involves in the reform of state-owned enterprises inShenzhen with complex transaction structure, and the proposed purchase of underlying asset is theleading asset in the industry on a large-scale, which is a major unprecedented event. The Companystill needs to communicate with regulatory authorities for further discussion, demonstration and
improvement. Meanwhile, limited by the period of validity of the assessment, underlying asset’s
audit report and assessment report need to be updated, and it also needs to perform national assetsfiling procedures of assessment report, which needs a certain period of time due to the largevolumes. On the specific circumstances of restructuring of the Company, please keep an eye on theCompany's follow-up announcements.To ensure the smooth progress of this major asset restructuring, prevent abnormal fluctuations in theprices of its stocks and protect the rights and interests of its minority shareholders, the Company hasapplied to the Shenzhen Stock Exchange for continued share trading suspension for no more than 1month as of 14 October 2018. It is respected that the major assets restructuring plan or report willbe disclosed according to the requirements of the Standards for the Contents and Formats of
Information Disclosure by Companies Offering Securities to the Public No. 26—Major Assets
Restructuring of Listed Companies prior to 14 November 2018.During the continued suspension, the Company will keep promoting the work of this major assetrestructuring with parties concerned, paying full attention to the progress of the issue and fulfillingthe obligation of timely information disclosure in strict accordance with the provisions andrequirements of relevant laws and regulations, that is, the Company will disclose the progress ofrelated matters at least every five trading days.There is considerable uncertainty for the major assets restructuring. Investors are kindly remindedto pay attention to investment risk.
Summary of significant event Disclosure date Index to related announcementSignificant asset restructuring 13 October 2018
Announcement on the planning ofDelaying the Share Trading Resumption ofSignificant Asset Restructuring(www.cninfo.com.cn)
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties and
Acquirers, as well as the Company Itself and Other Parties, Failed to Fulfill on Time duringReporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV 2018 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in net profit for the year 2018, as well as explanation ofwhy:
√ Applicable □ Not applicable
Forecast: Considerable increase in profitType of the forecast data: Interval number
2018 2017 +/- (%)Forecast
profit (RMB'0,000)
45,000
| accumulative net | ||
--
50,000
18,492
Increase 143.35%
--
170.39%
Basic earnings per share
(RMB/share)
0.4448
--
0.4942
0.1828
Increase 143.33%
--
170.37%
Notes to the forecast The property sales carryforwards to the year 2018 dramatically increased year-on-year.
V Securities Investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VI Wealth Management Entrustment
√ Applicable □ Not applicable
Unit: RMB’0,000 (in RMB ten thousand yuan)
Type of wealth
management
Funding source Principal
Outstanding amount
before maturity
Overdue amountWealth management
product purchased from
Idly self-funded 60,000
60,000
bankTotal 60,000
60,000
High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or noprotection of the principal:
□ Applicable √ Not applicable
Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:
□ Applicable √ Not applicable
VII Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VIII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc.during Reporting Period
√ Applicable □ Not applicable
Date of visit
Way of visit
Type of visitor
| Way of visit |
About12 July 2018 By phone
Individual
Inquired of semi-annual operating conditions of the Company, theprogress of assets restructuring and the expected time for share trading
resumption, and didn’t offer written materials
2 August 2018 By phone
Individual
Inquired of the progress of assets restructuring, time for share trading
| resumption, the estimated disclosed time of interim report, and didn’t offer |
written materials21 August 2018 By phone
Individual
Inquired of the progress of assets restructuring and the time for share
trading resumption, and didn’t offer written materials
17 September 2018
By phone
Individual
Inquired of the progress of assets restructuring and the time for share
trading resumption, and didn’t offer written materials
28 September 2018
By phone
Individual
Inquired of the progress of assets restructuring, the operating conditions ofthe Company and the estimated disclosed time of third quarter report, and
didn’t offer written materials
IX Irregularities in Provision of Guarantees for External Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Occupation of the Company’s Capital by Controlling Shareholder or Its Related Parties for
Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
30 September 2018
Unit: RMBItem 30 September 2018 31 December 2017Current assets:
Monetary capital1,195,341,792.38
1,207,079,090.29
Settlement reserve
Interbank loans granted
Financial assets at fair value through profit or loss
Derivative financial assets
Notes and accounts receivable 155,064,261.72
143,013,443.05
Including: Notes receivable
5,921,287.00
Accounts receivable 155,064,261.72
137,092,156.05
Prepayments4,799,752.83
6,040,367.51
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables48,087,020.29
76,955,351.38
Financial assets purchased under resale agreements
Inventories1,675,720,610.56
1,764,086,643.94
Assets classified as held for sale
Current portion of non-current assets
Other current assets 606,889,159.07
11,369,544.80
Total current assets3,685,902,596.85
3,208,544,440.97
Non-current assets:
Loans and advances to customers
Available-for-sale financial assets 17,464,240.74
17,464,240.74
Held-to-maturity investments
Long-term receivables
Long-term equity investments29,888,661.65
29,888,661.65
Investment property 630,002,783.54
647,297,124.04
Fixed assets34,916,310.70
37,937,868.71
Construction in progress
Productive living assets
Oil and gas assets
Intangible assets
55,200.00
R&D expense
Goodwill
Long-term prepaid expense 442,332.39
586,350.66
Deferred income tax assets48,821,440.51
47,490,095.19
Other non-current assets
Total non-current assets761,535,769.53
780,719,540.99
Total assets 4,447,438,366.38
3,989,263,981.96
Current liabilities:
Short-term borrowings 35,048,803.88
104,207,653.64
Borrowings from central bank
Customer deposits and interbank deposits
Interbank loans obtained
Financial liabilities at fair value through profit or loss
Derivative financial liabilities
Notes and accounts payable 219,554,469.82
190,629,756.30
Advances from customers279,191,515.39
332,152,016.54
Financial assets sold under repurchase agreements
Handling charges and commissions payable
Payroll payable 37,897,653.43
30,516,219.96
Taxes payable93,556,953.74
86,153,526.89
Other payables 674,696,256.06
391,480,367.04
Reinsurance payables
Insurance contract reserve
Payables for acting trading of securities
Payables for underwriting of securities
sale
| Liabilities directly associated with assets classified as held for | ||||
Current portion of non-current liabilities 17,773,200.00
64,000,000.00
Other current liabilities
Total current liabilities 1,357,718,852.32
1,199,139,540.37
Non-current liabilities:
Long-term borrowings 13,340,200.00
82,000,000.00
Bonds payable
Including: Preferred shares
Perpetual bonds
Long-term payables 6,151,782.28
8,101,880.05
Long-term payroll payable
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 19,491,982.28
90,101,880.05
Total liabilities1,377,210,834.60
1,289,241,420.42
Owners’ equity:
Share capital1,011,660,000.00
1,011,660,000.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves978,244,910.11
978,244,910.11
Less: Treasury stock
Other comprehensive income7,370,333.73
10,045,697.16
Specific reserve
Surplus reserves85,666,668.00
85,666,668.00
General reserve
Retained earnings1,116,625,211.24
742,624,845.71
Total equity attributable to owners of the Company as the parent 3,199,567,123.08
2,828,242,120.98
Non-controlling interests-129,339,591.30
-128,219,559.44
Total owners’ equity 3,070,227,531.78
2,700,022,561.54
Total liabilities and owners’ equity4,447,438,366.38
3,989,263,981.96
Legal representative: Zhou Jianguo Head of financial affairs: Tang Xiaoping
Head of the financial arm: Qiao Yanjun
2. Balance Sheet of the Company as the Parent
Unit: RMBItem 30 September 2018 31 December 2017Current assets:
Monetary capital 428,124,916.01
726,801,673.89
Financial assets at fair value through profit or loss
Derivative financial assets
Notes and accounts receivable 4,499,881.80
4,482,074.17
Including: Notes receivable
Accounts receivable 4,499,881.80
4,482,074.17
Prepayments 200,000.00
Other receivables 767,906,103.05
1,069,266,476.08
Inventories 482,393,473.08
365,067,776.29
Assets classified as held for sale
Current portion of non-current assets
Other current assets 600,298,788.51
165,020.02
Total current assets 2,283,423,162.45
2,165,783,020.45
Non-current assets:
Available-for-sale financial assets 12,000,000.00
12,000,000.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 248,870,407.21
248,870,407.21
Investment property 516,488,961.55
532,414,374.79
Fixed assets 22,577,411.97
24,371,839.21
Construction in progress
Productive living assets
Oil and gas assets
Intangible assets
55,200.00
R&D expense
Goodwill
Long-term prepaid expense 391,988.17
529,905.52
Deferred income tax assets 43,449.93
Other non-current assets
Total non-current assets800,372,218.83
818,241,726.73
Total assets 3,083,795,381.28
2,984,024,747.18
Current liabilities:
Short-term borrowings
Financial liabilities at fair value through profit or loss
Derivative financial liabilities
Notes and accounts payable5,204,612.88
6,803,512.99
Advances from customers 93,435.00
93,435.00
Payroll payable14,930,925.93
8,761,156.65
Taxes payable 54,325,790.81
52,311,869.66
Other payables370,369,641.92
194,730,771.40
sale
| Liabilities directly associated with assets classified as held for | ||||
Current portion of non-current liabilities 17,773,200.00
64,000,000.00
Other current liabilities
Total current liabilities 462,697,606.54
326,700,745.70
Non-current liabilities:
Long-term borrowings 13,340,200.00
82,000,000.00
Bonds payable
Including: Preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payable
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 13,340,200.00
82,000,000.00
Total liabilities476,037,806.54
408,700,745.70
Owners’ equity:
Share capital1,011,660,000.00
1,011,660,000.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves 978,244,910.11
978,244,910.11
Less: Treasury stock
Other comprehensive income
Specific reserve
Surplus reserves 62,537,054.59
62,537,054.59
Retained earnings555,315,610.04
522,882,036.78
Total owners’ equity 2,607,757,574.74
2,575,324,001.48
Total liabilities and owners’ equity3,083,795,381.28
2,984,024,747.18
3. Consolidated Income Statement for Q3
Unit: RMBItem Q3 2018 Q3 20171. Revenue 282,588,259.93
233,287,425.63
Including: Operating revenue282,588,259.93
233,287,425.63
Interest income
Premium income
Handling charge and commission income
2. Operating costs and expenses220,887,629.95
211,967,739.46
Including: Cost of sales 166,327,629.97
191,067,478.03
Interest expense
Handling charge and commission expense
Surrenders
Net claims paid
Net amount provided as insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and surcharges 39,426,927.21
6,757,925.61
Selling expense4,074,837.74
5,549,604.20
Administrative expense 12,770,414.32
8,760,792.21
R&D expense 0.00
Finance costs -1,712,179.29
-168,060.59
Including: Interest expense799,817.42
2,385,365.33
Interest income 2,555,154.36
2,611,951.67
Asset impairment loss0.00
0.00
Add: Other income 0.00
0.00
Investment income (“-” for loss) 0.00
0.00
associates
0.00
| Including: Share of profit or loss of joint ventures and | ||
0.00
Gain on changes in fair value (“-” for loss) 0.00
0.00
Foreign exchange gain (“-” for loss)487,424.56
-388,764.88
Asset disposal income (“-” for loss) -194.95
-3,518.85
3. Operating profit (“-” for loss)62,187,859.59
20,927,402.44
Add: Non-operating income 421,906.22
3,210.52
Less: Non-operating expense170,595.26
4,162.73
4. Profit before tax (“-” for loss) 62,439,170.55
20,926,450.23
Less: Income tax expense17,457,900.83
8,520,281.69
5. Net profit (“-” for net loss) 44,981,269.72
12,406,168.54
5.1 Net profit from continuing operations (“-” for net loss) 44,981,269.72
12,406,168.54
5.2 Net profit from discontinued operations (“-” for net loss)
0.00
Net profit attributable to owners of the Company as the parent
44,934,281.00
12,356,333.26
Net profit attributable to non-controlling interests 46,988.72
49,835.28
6. Other comprehensive income, net of tax-3,127,250.66
2,101,707.56
Attributable to owners of the Company as the parent -2,189,075.46
1,471,195.30
6.1 Items that will not be reclassified to profit or loss0.00
0.00
remeasurements on defined benefit pension schemes
0.00
| 6.1.1 Changes in net liabilities or assets caused by | ||
0.00
6.1.2 Share of other comprehensive income of investees that
will not be reclassified to profit or loss under equity method
0.00
| 6.1.2 Share of other comprehensive income of investees that | ||
0.00
6.2 Items that may subsequently be reclassified to profit or
loss
-2,189,075.46
| 6.2 Items that may subsequently be reclassified to profit or | ||
1,471,195.30
6.2.1
Share of other comprehensive income of investees that
will be reclassified to profit or loss under equity method
0.00
| Share of other comprehensive income of investees that | ||
0.00
6.2.2 Gain/Loss on changes in fair value of
available-for-sale financial assets
0.00
| 6.2.2 Gain/Loss on changes in fair value of | ||
0.00
6.2.3
Gain/Loss arising from reclassification of
held-to-maturity investments to available-for-sale financial assets
Gain/Loss arising from reclassification of
0.00
0.00
6.2.4 Effective gain/loss on cash flow hedges 0.00
0.00
currency-denominated financial statements
-2,189,075.46
| 6.2.5 Differences arising from translation of foreign | ||
1,471,195.30
6.2.6 Other 0.00
0.00
Attributable to non-controlling interests -938,175.20
630,512.26
7. Total comprehensive income 41,854,019.06
14,507,876.10
Attributable to owners of the Company as the parent 42,745,205.54
13,827,528.56
Attributable to non-controlling interests-891,186.48
680,347.54
8. Earnings per share
8.1 Basic earnings per share0.0444
0.0122
8.2 Diluted earnings per share 0.0444
0.0122
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: Zhou Jianguo Head of financial affairs: Tang XiaopingHead of the financial arm: Qiao Yanjun
4. Income Statement of the Company as the Parent for Q3
Unit: RMBItem Q3 2018 Q3 20171. Operating revenue 14,863,056.88
13,471,349.96
Less: Cost of sales6,069,598.33
6,307,313.70
Taxes and surcharges 1,897,242.49
1,612,856.89
Selling expense456,770.95
266,196.50
Administrative expense 3,578,442.56
3,272,107.52
R&D expense0.00
0.00
Finance costs -6,865,892.80
-7,860,577.41
Including: Interest expense434,797.18
2,082,743.07
Interest income 7,303,315.43
9,949,853.83
Asset impairment loss0.00
0.00
Add: Other income 7,238,497.24
-5,478,809.68
Investment income (“-” for loss) 0.00
0.00
associates
0.00
| Including: Share of profit or loss of joint ventures and | ||
0.00
Gain on changes in fair value (“-” for loss) 0.00
0.00
Asset disposal income (“-” for loss)
2. Operating profit (“-” for loss) 16,965,392.59
4,394,643.08
Add: Non-operating income 0.04
0.00
Less: Non-operating expense 100,000.00
0.00
3. Profit before tax (“-” for loss) 16,865,392.63
4,394,643.08
Less: Income tax expense 4,252,167.10
1,873,814.49
4. Net profit (“-” for net loss) 12,613,225.53
2,520,828.59
4.1 Net profit from continuing operations (“-” for net loss) 12,613,225.53
2,520,828.59
4.2 Net profit from discontinued operations (“-” for net loss) 0.00
0.00
5. Other comprehensive income, net of tax0.00
0.00
5.1 Items that will not be reclassified to profit or loss 0.00
0.00
remeasurements on defined benefit pension schemes
0.00
5.1.1 Changes in net liabilities or assets caused by
0.00
5.1.2 Share of other comprehensive income of investees th
will not be reclassified to profit or loss under equity method
0.00
| at | ||
0.00
5.2 Items that may subsequently be reclassified to profit or loss
0.00
0.00
5.2.1 Share of other comprehensive income of investees that
will be reclassified to profit or loss under equity method
0.00
| 5.2.1 Share of other comprehensive income of investees that | ||
0.00
5.2.2 Gain/Loss on changes in fair value of available-for-
sale
financial assets
0.00
| sale | ||
0.00
5.2.3
Gain/Loss arising from reclassification of
held-to-maturity investments to available-for-sale financial assets
Gain/Loss arising from reclassification of
0.00
0.00
5.2.4 Effective gain/loss on cash flow hedges 0.00
0.00
currency-denominated financial statements
0.00
| 5.2.5 Differences arising from translation of foreign | ||
0.00
5.2.6 Other0.00
0.00
6. Total comprehensive income 12,613,225.53
2,520,828.59
7. Earnings per share
7.1 Basic earnings per share 0.0125
0.0025
7.2 Diluted earnings per share0.0125
0.0025
5. Consolidated Income Statement for Q1~Q3
Unit: RMBItem Q1~Q3 2018 Q1~Q3 20171. Revenue 1,600,129,891.28
964,594,407.66
Including: Operating revenue1,600,129,891.28
964,594,407.66
Interest income
Premium income
Handling charge and commission income
2. Operating costs and expenses1,098,971,752.95
759,413,539.37
Including: Cost of sales 706,745,121.38
686,017,275.92
Interest expense
Handling charge and commission expense
Surrenders
Net claims paid
Net amount provided as insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and surcharges316,767,417.97
30,671,236.84
Selling expense 41,241,971.51
12,382,407.96
Administrative expense44,506,615.17
33,480,030.90
R&D expense
Finance costs-10,289,373.08
-3,137,412.25
Including: Interest expense 3,817,172.20
6,662,172.37
Interest income 14,324,520.82
10,011,663.67
Asset impairment loss
Add: Other income
Investment income (“-” for loss) 827,100.00
650,000.00
associates
Including: Share of profit or loss of joint ventures and
Gain on changes in fair value (“-” for loss)
Foreign exchange gain (“-” for loss) 521,899.87
-722,544.96
Asset disposal income (“-” for loss)-19,206.48
-61,706.41
3. Operating profit (“-” for loss) 502,487,931.72
205,046,616.92
Add: Non-operating income517,741.45
320,231.95
Less: Non-operating expense 351,137.06
67,588.96
4. Profit before tax (“-” for loss)502,654,536.11
205,299,259.91
Less: Income tax expense 128,627,618.11
55,693,421.41
5. Net profit (“-” for net loss)374,026,918.00
149,605,838.50
5.1 Net profit from continuing operations (“-” for net loss) 374,026,918.00
149,605,838.50
5.2 Net profit from discontinued operations (“-” for net loss)
Net profit attributable to owners of the Company as the parent
374,000,365.53
149,582,935.10
Net profit attributable to non-controlling interests26,552.47
22,903.40
6. Other comprehensive income, net of tax -3,821,947.76
4,153,221.38
Attributable to owners of the Company as the parent-2,675,363.43
2,907,254.98
6.1 Items that will not be reclassified to profit or loss
6.1.1
remeasurements on defined benefit pension schemes
| Changes in net liabilities or assets caused by | ||||
will not be reclassified to profit or loss under equity method
| 6.1.2 Share of other comprehensive income of investees that | ||||
loss
-2,675,363.43
| 6.2 Items that may subsequently be reclassified to profit or | ||
2,907,254.98
6.2.1 Share of other comprehensive income of investees that
will be reclassified to profit or loss under equity method
| 6.2.1 Share of other comprehensive income of investees that | ||||
6.2.2 Gain/Loss on changes in fair v
available-for-sale financial assets
| alue of | ||||
held-to-maturity investments to available-for-sale financial assets
6.2.3 Gain/Loss arising from reclassification of
6.2.4 Effective gain/loss on cash flow hedges
6.2.5
currency-denominated financial statements
-2,675,363.43
| Differences arising from translation of foreign | ||
2,907,254.98
6.2.6 Other
Attributable to non-controlling interests -1,146,584.33
1,245,966.40
7. Total comprehensive income370,204,970.24
153,759,059.88
Attributable to owners of the Company as the parent 371,325,002.10
152,490,190.08
Attributable to non-controlling interests-1,120,031.86
1,268,869.80
8. Earnings per share
8.1 Basic earnings per share0.3697
0.1479
8.2 Diluted earnings per share 0.3697
0.1479
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
6. Income Statement of the Company as the Parent for Q1~Q3
Unit: RMBItem Q1~Q3 2018 Q1~Q3 20171. Operating revenue 44,850,524.39
243,028,509.35
Less: Cost of sales18,653,268.07
117,577,476.14
Taxes and surcharges 5,552,046.60
7,458,223.71
Selling expense1,364,929.87
1,230,781.87
Administrative expense 14,472,955.77
14,566,751.21
R&D expense
Finance costs -29,451,306.05
-25,114,582.00
Including: Interest expense2,163,250.22
5,870,083.28
Interest income 31,630,411.09
31,005,926.97
Asset impairment loss
Add: Other income 8,147,643.61
-10,113,199.89
Investment income (“-” for loss) 827,100.00
170,043,952.18
associates
| Including: Share of profit or loss of joint ventures and | ||||
Gain on changes in fair value (“-” for loss)
Asset disposal income (“-” for loss)-13,299.25
2. Operating profit (“-” for loss) 43,220,074.49
287,240,610.71
Add: Non-operating income34,352.63
2.69
Less: Non-operating expense 230,000.00
12,574.69
3. Profit before tax (“-” for loss)43,024,427.12
287,228,038.71
Less: Income tax expense 10,590,853.86
30,077,031.40
4. Net profit (“-” for net loss)32,433,573.26
257,151,007.31
4.1 Net profit from continuing operations (“-” for net loss) 32,433,573.26
257,151,007.31
4.2 Net profit from discontinued operations (“-” for net loss)
5. Other comprehensive income, net of tax
5.1 Items that will not be reclassified to profit or loss
5.1.1
remeasurements on defined benefit pension schemes
| Changes in net liabilities or assets caused by | ||||
5.1.2 Share of other comprehensive income of investees th
will not be reclassified to profit or loss under equity method
| at | ||||
5.2 Items that may subsequently be reclassified to profit or loss
will be reclassified to profit or loss under equity method
| 5.2.1 Share of other comprehensive income of investees that | ||||
5.2.2 Gain/Loss on changes in fair value of available-for-
financial assets
| sale | ||||
held-to-maturity investments to available-for-sale financial assets
5.2.3 Gain/Loss arising from reclassification of
5.2.4 Effective gain/loss on cash flow hedges
5.2.5
currency-denominated financial statements
| Differences arising from translation of foreign | ||||
5.2.6 Other
6. Total comprehensive income32,433,573.26
257,151,007.31
7. Earnings per share
7.1 Basic earnings per share0.0321
0.2542
7.2 Diluted earnings per share 0.0321
0.2542
7. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMBItem Q1~Q3 2018 Q1~Q3 20171. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services 1,605,041,920.88
952,036,798.69
Net increase in customer deposits and interbank deposits
Net increase in borrowings from central bank
Net increase in loans from other financial institutions
Premiums received on original insurance contracts
Net proceeds from reinsurance
Net increase in deposits and investments of policy holders
Net increase in proceeds from disposal of
value through profit or loss
| financial assets at fair | ||||
Interest, handling charges and commissions received
Net increase in interbank loans obtained
Net increase in proceeds from repurchase transactions
Tax rebates76,431.00
Cash generated from other operating activities 59,337,154.87
63,746,128.65
Subtotal of cash generated from operating activities1,664,455,506.75
1,015,782,927.34
Payments for commodities and services 558,011,313.21
851,439,343.84
Net increase in loans and advances to customers
granted
| Net increase in deposits in central bank and in interbank loans | ||||
Payments for claims on original insurance contracts
Interest, handling charges and commissions paid
Policy dividends paid
Cash paid to and for employees97,813,296.51
111,403,737.30
Taxes paid 241,207,281.47
137,641,963.40
Cash used in other operating activities102,625,183.85
115,946,893.92
Subtotal of cash used in operating activities 999,657,075.04
1,216,431,938.46
Net cash generated from/used in operating activities664,798,431.71
-200,649,011.12
2. Cash flows from investing activities:
Proceeds from disinvestment
1,376,616.35
Investment income 827,100.00
650,000.00
| Net proceeds from disposal of fixed assets, intangible assets and | |
14,976.00
other long-lived assetsNet proceeds from disposal of subsidiaries or other business units
7,286,982.00
Cash generated from other investing activities
Subtotal of cash generated from investing activities 827,100.00
9,328,574.35
other long-lived assets
290,565.47
Payments for acquisition of fixed assets, intangible assets and
684,803.49
Payments for investments
Net increase in pledged loans granted
units
| Net payments for acquisition of subsidiaries and other business | ||||
Cash used in other investing activities 600,000,000.00
Subtotal of cash used in investing activities600,290,565.47
684,803.49
Net cash generated from/used in investing activities -599,463,465.47
8,643,770.86
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by non-
subsidiaries
controlling interests to
Increase in borrowings obtained2,000,000.00
20,900,000.00
Net proceeds from issuance of bonds
Cash generated from other financing activities
Subtotal of cash generated from financing activities 2,000,000.00
20,900,000.00
Repayment of borrowings135,786,600.00
32,216,016.22
Payments for interest and dividends 2,340,457.86
7,260,786.99
Including: Dividends paid by subsidiaries to non-
interests
| controlling | ||||
Cash used in other financing activities
Subtotal of cash used in financing activities 138,127,057.86
39,476,803.21
Net cash generated from/used in financing activities -136,127,057.86
-18,576,803.21
equivalents
366,593.43
| 4. Effect of foreign exchange rate changes on cash and cash | ||
-532,868.23
5. Net increase in cash and cash equivalents-70,425,498.19
-211,114,911.70
Add: Cash and cash equivalents, beginning of the period 1,265,767,290.57
1,265,767,290.57
6. Cash and cash equivalents, end of the period1,195,341,792.38
1,054,652,378.87
8. Cash Flow Statement of the Company as the Parent for Q1~Q3
Unit: RMB
Item Q1~Q3 2018 Q1~Q3 20171. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services 50,519,310.84
122,602,887.22
Tax rebates76,431.00
Cash generated from other operating activities 558,131,067.59
17,886,514.26
Subtotal of cash generated from operating activities608,726,809.43
140,489,401.48
Payments for commodities and services 98,788,937.22
68,730,205.88
Cash paid to and for employees23,664,067.51
29,550,117.76
Taxes paid 19,277,387.12
61,804,843.80
Cash used in other operating activities49,597,541.55
61,639,460.72
Subtotal of cash used in operating activities 191,327,933.40
221,724,628.16
Net cash generated from/used in operating activities417,398,876.03
-81,235,226.68
2. Cash flows from investing activities:
Proceeds from disinvestment
Investment income 827,100.00
650,000.00
other long-lived assets
Net proceeds from disposal of fixed assets, intangible assets and
Net proceeds from disposal of subsidiaries or other business units
7,286,982.00
Cash generated from other investing activities
Subtotal of cash generated from investing activities827,100.00
7,936,982.00
other long-lived assets
119,374.00
| Payments for acquisition of fixed assets, intangible assets and | ||
112,874.00
Payments for investments
units
| Net payments for acquisition of subsidiaries and other business | ||||
Cash used in other investing activities 600,000,000.00
Subtotal of cash used in investing activities600,119,374.00
112,874.00
Net cash generated from/used in investing activities -599,292,274.00
7,824,108.00
3. Cash flows from financing activities:
Capital contributions received
Increase in borrowings obtained
Net proceeds from issuance of bonds
Cash generated from other financing activities
Subtotal of cash generated from financing activities
Repayment of borrowings114,886,600.00
21,216,016.22
Payments for interest and dividends 1,883,272.84
6,495,933.73
Cash used in other financing activities
Sub-total of cash used in financing activities 116,769,872.84
27,711,949.95
Net cash generated from/used in financing activities-116,769,872.84
-27,711,949.95
equivalents
-13,487.07
4. Effect of foreign exchange rate changes on cash and cash
-33,480.46
5. Net increase in cash and cash equivalents -298,676,757.88
-101,156,549.09
Add: Cash and cash equivalents, beginning of the period726,801,673.89
818,261,250.52
6. Cash and cash equivalents, end of the period 428,124,916.01
717,104,701.43
II Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.