China Fangda Group Co., Ltd.
2018 Third Quarter Report
October 2018
I Important Statement
The members of the Board and the Company guarantee that the quarterlyreport is free from any false information, misleading statement or material
omission and are jointly and severally liable for the information’s truthfulness,
accuracy and integrity.
All the Directors have attended the meeting of the board meeting at whichthis report was examined.
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the ChiefFinancial Officer, and Mr. Wu Bohua, the manager of accounting departmentdeclare: the Financial Report carried in this report is authentic and completed.
II. General Information
1. Financial Highlight
Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years
□ Yes √ No
| End of the report period | End of last year | Year-on-year change | ||||
| Total asset (RMB) | 7,654,060,898.26 | 7,625,422,688.63 | 0.38% | |||
| Net profit attributable to the shareholders of the listed company (RMB) | 3,281,935,462.95 | 3,238,939,202.18 | 1.33% | |||
| This report period | Year-on-year change (%) | Between beginning of the year to the end of the report period | Change from the same period last year | |||
| Turnover (yuan) | 793,250,321.93 | 21.47% | 2,235,301,218.46 | 8.89% | ||
| Net profit attributable to shareholders of the listed company (yuan) | 91,338,344.89 | -31.44% | 321,470,008.08 | -11.00% | ||
| Net profit attributable to the shareholders of the listed company and after deducting of non-recurring gain/loss (RMB) | 85,861,046.88 | -32.65% | 295,566,165.22 | -14.57% | ||
| Net cash flow generated by business operation (RMB) | -- | -- | 112,612,558.74 | -71.44% | ||
| Basic earnings per share (yuan/share) | 0.08 | -27.27% | 0.28 | -9.68% | ||
| Diluted Earnings per share (yuan/share) | 0.08 | -27.27% | 0.28 | -9.68% | ||
| Weighted average net income/asset ratio | 2.77% | -50.54% | 9.77% | -34.47% | ||
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
| Item | Amount from beginning of the year to the end of the report period | Notes |
| Non-current asset disposal gain/loss (including the write-off part | -3,552,086.89 |
| for which assets impairment provision is made) | ||
| Subsidies accounted into the current income account (except the government subsidy closely related to the enterprise’s business and based on unified national standard quota) | 3,985,078.03 | |
| Capital using expense charged to non-financial enterprises and accounted into the current income account | 204,402.52 | |
| Gain from entrusted investment or assets management | 58,741,769.45 | |
| Gain/loss from change of fair value of transactional financial asset and liabilities, and investment gains from disposal of transactional financial assets and liabilities and sellable financial assets, other than valid period value instruments related to the Company’s common businesses | -34,002,548.25 | |
| Influence of one-off adjustment of the current gain/loss according to requirement of tax and accounting laws and regulation on the current gain/loss. | -323,794.00 | |
| Other non-business income and expenditures other than the above | 6,888,844.70 | |
| Less: Influenced amount of income tax | 6,037,822.70 | |
| Total | 25,903,842.86 | -- |
Explanation statement should be made for accidental gain/loss items defined and accidentalgain/loss items defined as regular gain/loss items according to the Explanation Announcement of
Information Disclosure No. 1 - Non-recurring gain/loss mentioned.
□ Applicable √ Inapplicable
No circumstance that should be defined as recurrent profit and loss according to Explanation Announcement of InformationDisclosure No. 1 - Non-recurring gain/loss occurs in the report period.
2. Total number of shareholders and shareholding of top 10 shareholders by the end of thereport period
1. Ordinary shareholders, preference shareholders with resumed voting rights and top 10 shareholders
In share
| Number of shareholders of common shares at the end of the report period | 62,786 | Number of shareholders of preferred stocks of which voting rights recovered in the report period (if any) | 0 | |||||
| Top 10 Shareholders | ||||||||
| Shareholder | Nature of shareholder | Shareholding percentage | Number of shares | Conditional shares | Pledging or freezing | |||
| Share status | Amount | |||||||
| Shenzhen Banglin | Domestic non-state legal | 9.80% | 113,202,154 | 0 | Pledged | 31,540,000 | ||
| Technologies Development Co., Ltd. | person | |||||
| Shengjiu Investment Ltd. | Foreign legal person | 8.07% | 93,202,238 | 0 | ||
| GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED | Foreign legal person | 2.62% | 30,331,243 | 0 | ||
| Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise (limited partner) | Domestic non-state legal person | 2.32% | 26,791,488 | 0 | ||
| Fang Wei | Domestic natural person | 1.77% | 20,446,537 | 0 | ||
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | Foreign legal person | 1.61% | 18,641,097 | 0 | ||
| China Resource SZITIC Trust – China Resource Trust No.13 Collective Trust Program | Others | 0.90% | 10,361,804 | 0 | ||
| VANGUARD EMERGING MARKETS STOCK INDEX FUND | Foreign legal person | 0.69% | 7,946,483 | 0 | ||
| Yunnan International Trust CO., Ltd. – Yunxia No.3 Collective Fund Trust Program | Others | 0.63% | 7,270,314 | 0 | ||
| SUN HUNG KAI INVESTMENT | Foreign legal | 0.63% | 7,269,002 | 0 |
| SERVICES LTD | person | |||
| Top 10 holders of unconditional shares | ||||
| Shareholder | Amount of shares without sales restriction | Category of shares | ||
| Category of shares | Amount | |||
| Shenzhen Banglin Technologies Development Co., Ltd. | 113,202,154 | RMB common shares | 113,202,154 | |
| Shengjiu Investment Ltd. | 93,202,238 | Foreign shares listed in domestic exchanges | 93,202,238 | |
| GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED | 30,331,243 | Foreign shares listed in domestic exchanges | 30,331,243 | |
| Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise (limited partner) | 26,791,488 | RMB common shares | 26,791,488 | |
| Fang Wei | 20,446,537 | RMB common shares | 20,446,537 | |
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | 18,641,097 | Foreign shares listed in domestic exchanges | 18,641,097 | |
| China Resource SZITIC Trust – China Resource Trust No.13 Collective Trust Program | 10,361,804 | RMB common shares | 10,361,804 | |
| VANGUARD EMERGING MARKETS STOCK INDEX FUND | 7,946,483 | Foreign shares listed in domestic exchanges | 7,946,483 | |
| Yunnan International Trust CO., Ltd. – Yunxia No.3 Collective Fund Trust Program | 7,270,314 | RMB common shares | 7,270,314 | |
| SUN HUNG KAI INVESTMENT SERVICES LTD | 7,269,002 | Foreign shares listed in domestic exchanges | 7,269,002 | |
| Notes to top ten shareholder relationship or "action in concert" | Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology Development Co., Ltd. and Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise are related parties. The Company is not notified of other action-in-concert or related parties among the other holders of current shares. | |||
| Top-10 common share shareholders participating in margin trade (if any) | None | |||
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of unconditional common
shares in the report period
□ Yes √ NoNo agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of unconditional common
shares in the report period
2. Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end ofthe report period
□ Applicable √ Inapplicable
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
| Item | Closing balance (RMB) | Opening balance (RMB) | YOY change (% ) | Cause of change |
| Other current assets | 190,251,766.31 | 439,890,493.06 | -56.75% | Decrease in bank financial products |
| Long-term share equity investment | 69,871,054.85 | 34,142,055.62 | 104.65% | Increase in investment in joint ventures |
| Other non-current assets | 6,374,713.00 | 31,130,198.46 | -79.52% | Transfer of real estate property that have gone through the transfer procedure into fixed assets |
| Short-term loans | 224,000,000.00 | 616,000,000.00 | -63.64% | Decrease in bank borrowings |
| Account receivable | 243,886,289.04 | 175,351,686.45 | 39.08% | Attributable to prepaid engineering payment of new projects |
| Long-term loans | 1,213,400,854.96 | 893,978,153.39 | 35.73% | Increase in two-year bank borrowings |
| Capital reserves | 1,454,191.59 | 72,829,484.96 | -98.00% | Attributable to repurchase of shares |
| Item | Between beginning of the year to the end of the report period (RMB) | Same period last year (RMB) | YOY change (% ) | Cause of change |
| Financial expenses | 51,121,831.76 | 41,975,850.30 | 21.79% | Increase in loans in H1 |
| Asset impairment loss | 13,572,017.23 | -48,121,560.56 | -128.20% | Change in the accounting estimate of bad debt provision in last year |
| Gain caused by changes in fair value | -34,326,342.25 | 2,973,747.00 | -1254.31% | Adjustment of fair value of transaction financial assets |
| Investment income | 57,877,044.56 | 10,861,727.87 | 432.85% | Mainly attributable to financial products purchased |
| Net profit | 321,470,008.08 | 360,491,680.00 | -10.82% | Mainly attributable to provision of bad debt |
| Other cash paid for business activities | 480,094,332.49 | 268,199,654.52 | 79.01% | Mainly due to the increase in various operating margins |
| Cash received as investment profit | 64,596,027.07 | 13,773,697.27 | 368.98% | Mainly attributable to investment gains received from financial |
| products | ||||
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 16,523,904.33 | 3,540,531.00 | 366.71% | Proposal of real estate property |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 49,609,863.23 | 33,608,087.17 | 47.61% | Increase in land use rights |
| Cash paid to repay debts | 780,577,298.43 | 391,000,000.00 | 99.64% | Increase in mature band borrowings |
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
(1) Report on Repurchase of B-Shares1. First repurchase in 2018: The Company reviewed and approved the Resolution on the Repurchase of Domestically ListedForeign Shares (B Shares) of the Company at the 8
th
meeting of the 8
th
Board of Directors and the 2017 Annual General Meeting ofShareholders on April 24 2018 and May 15 2018 respectively.From August 13, 2018 to August 16, 2018, the Company spentHKD114,478,923.89 to repurchase 28,160,568 shares of B shares through centralized bidding, and completed the above at ChinaSecurities Depository and Clearing Co., Ltd. Shenzhen Branch on August 29, 2018. share repurchase and cancellation procedures.After the cancellation, the Company's total share capital decreased to 1,183,642,254 shares from 1,155,481,686 shares.
2. Second repurchase in 2018: The Company reviewed and approved the Resolution on the Repurchase of DomesticallyListed Foreign Shares (B Shares) of the Company at the 10
th
meeting of the 8
th
Board of Directors and the first ExtraordinaryShareholder Meeting on September 10, 2018 and September 27, 2018 respectively. The Company will use no more than RMB100million (the actual amount in Hong Kong Dollar will be determined based on the exchange rate of the exchanging date, includingexchanging and transaction costs) to repurchase the B shares at the price of no more than HKD4.5/share. Due to the Company'srepurchase of B shares, it is necessary to open a special foreign exchange account and make foreign exchange funds to obtain theconsent of the relevant departments of the State Administration of Foreign Exchange.
(2) Property Project Development Progress1. Fangda Town: In the first three quarters of 2018, the Fangda Town project achieved a sales area of 11,462.10 square meters,with a cumulative sales area of 82,023.18 square meters; the commercial investment signing rate reached 86.5%, and plans to starttrial operation at the end of October 2018; the second phase of the 1# building has been completed and accepted. It is expected thatthe planning acceptance will be completed by the end of November.In addition to the Company's own use, the 1# floor has an area ofabout 70,000 square meters to earn rentals and capital appreciation. Currently, part of the area has been leased and it is expected thatthere will be rental income starting next year.
2. Nanchang Fenghuangzhou Fangda Center project: The project started construction in May this year. The project coversan area of about 17,000 square meters with a total construction area of about 93,000 square meters. The total construction area is66,000 square meters. The commercial complex of hotels, apartments and office buildings is planned to be completed and pre-sold at
the end of 2019.The project has been constructed as planned currently.
3. Fangda Bangshen Industrial Park project: The project is located in Fuyong, Bao'an District, Shenzhen. It covers an areaof 20,714.9 square meters. The current status is industrial plant. According to the current policy of urban renewal in Bao'an Districtof Shenzhen, it is planned to serve the (M0+M1) function, which is subject to government approval.The project renewal report forthe project is in progress.
4. Shenzhen Henggang Dakanghe renewal project: At the end of September 2018, Shenzhen Zhongrong Litai InvestmentCo., Ltd., a holding subsidiary of Fangda Real Estate Co., Ltd., a wholly-owned subsidiary of the Company, and Shenzhen HenggangDakang Co., Ltd. and Shangzhong branch of the Shenzhen Henggang Dakang Co., Ltd. signed a letter of intent for the cooperation ofthe Dakanghe urban renewal project.The project is located in Dakang Village, Yuanshan Sub-district, Longgang District, Shenzhen,north to Yanhe Road, south to Shanzixia Road, west to Xiaokang Road, and east to Yuying Street. The area to be demolished is about80,000 square meters. The project is mainly for residential functions and is subject to government approval.
In addition, the Company is also in the process of launching several other key renovation projects in Shenzhen. It is expectedthat the Company's real estate sales and property leasing will continue to contribute profits to the Company.
| Key issue | Date of disclosure | Information source |
| Announcement on the resolutions of the 8th meeting of the 8th Board of Directors and the plan for repurchasing domestically listed foreign shares (B shares) | 26.04.18 | China Securities Journal, Shanghai Securities Daily, Securities Times, HKCD (English) and www.cninfo.com.cn |
| Announcement on Resolutions of the General Shareholders’ Meeting 2017 | 16.05.18 | China Securities Journal, Shanghai Securities Daily, Securities Times, HKCD (English) and www.cninfo.com.cn |
| Notice on Canceling Repurchased Shares | 31.08.18 | China Securities Journal, Shanghai Securities Daily, Securities Times, HKCD (English) and www.cninfo.com.cn |
| Announcement on the resolutions of the 10th meeting of the 8th Board of Directors and the plan for repurchasing domestically listed foreign shares (B shares) | 11.09.18 | China Securities Journal, Shanghai Securities Daily, Securities Times, HKCD (English) and www.cninfo.com.cn |
| Resolution of the 1st Extraordinary Shareholders’ Meeting 2018 | 28.09.18 | China Securities Journal, Shanghai Securities Daily, Securities Times, HKCD (English) and www.cninfo.com.cn |
| Voluntary Disclosure of Information on the Letter of Intent for the Signing of the City Renewal Project by The Company's Subsidiary | 12.10.18 | China Securities Journal, Shanghai Securities Daily, Securities Times, HKCD (English) and www.cninfo.com.cn |
3. Commitments that have not been fulfilled by actual controller, shareholders, related parties,acquirers of the Company
□ Applicable √ Inapplicable
There is no commitment that has not been fulfilled by actual controller, shareholders, related parties, acquirers of the Company
4. Forecast of operating performance in 2018
Warning and reasons of possible net loss or substantial change from the last period between the beginning of the year and the end ofthe next report period
□ Applicable √ Inapplicable
5. Securities investment
√ Applicable □ Inapplicable
| Securities | Code | Abbreviation | Initial investment cost | Accounting method | Opening book value | Gain/loss caused by changes in fair value | Accumulative changes in fair value accounting into the income account | Amount purchased in the period | Amount sold in the period | Gain/loss | Closing book value | Accounting item | Capital source |
| Fund | 004223 | Jinxinduo Strategy Selected Flexible Portfolio | 200,000,000.00 | Measurement at fair value | 199,998,000.00 | -34,002,548.25 | 0.00 | 199,998,000.00 | 0.00 | 35,707,239.85 | 165,995,451.75 | Transactional financial assets | Self-owned fund |
| Total | 200,000,000.00 | -- | 199,998,000.00 | -34,002,548.25 | 0.00 | 199,998,000.00 | 0.00 | 35,707,239.85 | 165,995,451.75 | -- | -- | ||
| Disclosure date of approval by the Board of Directors of securities investment | 07.09.18 | ||||||||||||
| Disclosure date of securities investment approval by the Shareholders’ Meeting (if any) | None | ||||||||||||
6. Entrusted wealth management
√ Applicable □ Inapplicable
In RMB10,000
| Type | Source of fund | Amount | Undue balance | Due balance to be recovered |
| Bank financial products | Self-owned fund | 581,810 | 11,352 | 0 |
| Total | 581,810 | 11,352 | 0 | |
Specific circumstances of high-risk entrusted financing with large individual amount or low security, poor liquidity, and no costprotection
□ Applicable √ Inapplicable
Entrusted financial management expected to fail to recover the principal or likely result in impairment
□ Applicable √ Inapplicable
7. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
| Derivative investment operator | Relationship | Related transaction | Type | Initial amount | Start date | End date | Initial investment amount | Amount in this period | Amount sold in this period | Impairment provision (if any) | Closing investment amount | Proportion of closing investment amount in the closing net assets in the report period | Actual gain/loss in the report period |
| Shanghai Futures Exchange | None | No | Shanghai aluminum | 151.25 | 26.10.17 | 31.07.19 | 151.25 | 13,741.62 | 12,842.32 | 1,050.55 | 0.32% | -99.51 | |
| Total | 151.25 | -- | -- | 151.25 | 13,741.62 | 12,842.32 | 1,050.55 | 0.32% | -99.51 | ||||
| Capital source | Self-owned fund | ||||||||||||
| Lawsuit (if any) | None | ||||||||||||
| Disclosure date of derivative | 31.10.17 | ||||||||||||
| investment approval by the Board of Directors (if any) | |
| Disclosure date of derivative investment approval by the Shareholders’ Meeting (if any) | None |
| Risk analysis and control measures for the derivative holding in the report period (including without limitation market, liquidity, credit, operation and legal risks) | To prevent the risk of fluctuation of raw material prices, the Company adopted the aluminum futures exchanged at the domestic futures exchange to provide hedging for aluminum as a raw material for the Company. The Company has set up and implemented the Provincial Regulations on China Fangda Group Domestic Futures Hedging to prevent risks. |
| Changes in the market price or fair value of the derivative in the report period, the analysis of the derivative’s fair value should disclose the method used and related assumptions and parameters. | Fair value of derivatives are measured at open prices in the futures market |
| Material changes in the accounting policies and rules related to the derivative in the report period compared to last period | None |
| Opinions of independent directors on the Company’s derivative investment and risk controlling | None |
8. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
| Time/date | Way | Visitor | Disclosure of information |
| 18.07.18 | Telephone communication | Individual | Inquiry about approval progress of the B share repurchase |
| 24.07.18 | Telephone communication | Individual | Inquiry about the Company's operation condition |
| 06.08.18 | Telephone communication | Individual | Inquiry about the progress of the Fangda Town project |
| 17.08.18 | Telephone communication | Individual | Inquiry about the B share repurchase |
| 24.08.18 | Telephone communication | Individual | Inquiry about the Company's future development strategy |
| 04.09.18 | Telephone communication | Individual | Inquiry about the Company's operation condition |
| 12.09.18 | Telephone communication | Individual | Inquiry about project bidding |
| 18.09.18 | Telephone communication | Individual | Inquiry about the second repurchase of B shares |
| 26.09.18 | Telephone communication | Individual | Inquiry about the Company's operation condition in Q3 |
9. Incompliant external guarantee
□ Applicable √ Inapplicable
The Company made no incompliant external guarantee in the report period.
10. Non-operating capital use by the controlling shareholder or related parties in thereporting term
□ Applicable √ Inapplicable
The controlling shareholder and its affiliates occupied no capital for non-operating purpose of the Company during the report period.
11. Performance of poverty relieving responsibilities
(1) As of the disclosure date of this report, the Company has donated RMB680,000 for the precision poverty alleviation
project in 2018, as follows:
1. In order to help the Lianhua County of Pingxiang City, Jiangxi Province to achieve poverty alleviation, the Company donated500,000 yuan to Pingxiang City Charity Association of Jiangxi Province for the development of lily industry in Shanbei Village,Liushi Township, Lianhua County, and Tianyu Village, Fanglou Town, Lianhua County.2. The Company donated a photovoltaic poverty alleviation power station to the Dongshui Villagers Committee of Xishan TownLianping County Guangdong Province with a value of about RMB150,000.3. Donated RMB30,000 to two students at Jiangxi Ganzhou Zhanggong district Shahe Longcun village.(2) In addition to the above donation, the Company's follow-up plan for accurate poverty alleviation is RMB2.7 million as
follows:
1. In order to improve the education level in poverty-stricken areas, the Company will expand and repair the existing school buildings(originally donated by the company) of Fangda Hope Primary School in Lianbu Town, Nanchang New District. The total donation is
about RMB1.2 million.2. Donate RMB1 million to Shenzhen Nanshan District Charity Association.
3. In the fourth quarter of 2019, the Company will donate RMB500,000 to Pingxiang City Charity Association of Jiangxi Provincefor the development of lily industry in Shanbei Village, Liushi Township, Lianhua County, and Tianyu Village, Fanglou Town,
Lianhua County.
The Company will continue to fulfill its social responsibility for precision poverty alleviation, and make donations from time to
time based on business development.
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
30.09.18
In RMB
| Item | Closing balance | Opening balance |
| Current asset: | ||
| Monetary capital | 1,008,372,077.31 | 1,180,398,479.51 |
| Settlement provision | ||
| Outgoing call loan | ||
| Financial assets measured at fair value with variations accounted into current income account | 165,995,451.75 | |
| Derivative financial assets | ||
| Receivable notes and accounts receivable | 2,142,020,148.72 | 1,960,008,863.36 |
| Including: receivable notes | 59,191,445.40 | 39,636,437.20 |
| Account receivable | 2,082,828,703.32 | 1,920,372,426.16 |
| Prepayment | 55,338,220.09 | 54,680,269.84 |
| Insurance receivable | ||
| Reinsurance receivable | ||
| Provisions of Reinsurance contracts receivable | ||
| Other receivables | 89,535,473.67 | 60,904,672.69 |
| Repurchasing of financial assets | ||
| Inventory | 722,087,035.00 | 819,610,960.67 |
| Assets held for sales | ||
| Non-current assets due in 1 year | ||
| Other current assets | 190,251,766.31 | 439,890,493.06 |
| Total current assets | 4,373,600,172.85 | 4,515,493,739.13 |
| Non-current assets: |
| Loan and advancement provided | ||
| Sellable financial assets | 28,562,575.67 | 28,562,575.67 |
| Investment held until mature | ||
| Long-term receivable | ||
| Long-term share equity investment | 69,871,054.85 | 34,142,055.62 |
| Investment real estate | 2,366,568,070.17 | 2,253,794,404.55 |
| Fixed assets | 460,150,040.28 | 468,118,279.18 |
| Construction in process | 3,995,443.70 | 2,668,198.62 |
| Productive biological assets | ||
| Gas & petrol | ||
| Intangible assets | 80,953,867.78 | 58,869,444.53 |
| R&D expense | ||
| Goodwill | ||
| Long-term amortizable expenses | 10,551,623.36 | 2,046,202.29 |
| Deferred income tax assets | 253,433,336.60 | 230,597,590.58 |
| Other non-current assets | 6,374,713.00 | 31,130,198.46 |
| Total of non-current assets | 3,280,460,725.41 | 3,109,928,949.50 |
| Total of assets | 7,654,060,898.26 | 7,625,422,688.63 |
| Current liabilities | ||
| Short-term loans | 224,000,000.00 | 616,000,000.00 |
| Loans from Central Bank | ||
| Deposit received and held for others | ||
| Call loan received | ||
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities | 873,025.00 | 159,000.00 |
| Payable notes and accounts | 1,395,368,228.45 | 1,479,313,284.40 |
| Prepayment received | 243,886,289.04 | 175,351,686.45 |
| Selling of repurchased financial assets | ||
| Fees and commissions payable | ||
| Employees’ wage payable | 22,039,905.86 | 40,399,130.75 |
| Taxes payable | 115,007,477.94 | 136,955,516.44 |
| Other payables | 619,017,843.11 | 503,614,822.66 |
| Reinsurance fee payable |
| Insurance contract provision | ||
| Entrusted trading of securities | ||
| Entrusted selling of securities | ||
| Liabilities held for sales | ||
| Non-current liabilities due in 1 year | 200,000,000.00 | 200,000,000.00 |
| Other current liabilities | 9,070,899.28 | 9,531,014.81 |
| Total current liabilities | 2,829,263,668.68 | 3,161,324,455.51 |
| Non-current liabilities: | ||
| Long-term loans | 1,213,400,854.96 | 893,978,153.39 |
| Bond payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Long-term payable | ||
| Long-term employees’ wage payable | ||
| Anticipated liabilities | 6,153,757.80 | 6,368,353.05 |
| Deferred earning | 10,493,331.29 | 10,489,483.94 |
| Deferred income tax liabilities | 312,813,822.58 | 314,323,040.56 |
| Other non-current liabilities | ||
| Total of non-current liabilities | 1,542,861,766.63 | 1,225,159,030.94 |
| Total liabilities | 4,372,125,435.31 | 4,386,483,486.45 |
| Owner’s equity: | ||
| Share capital | 1,155,481,686.00 | 1,183,642,254.00 |
| Other equity tools | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserves | 1,454,191.59 | 72,829,484.96 |
| Less: Shares in stock | ||
| Other miscellaneous income | 7,993,054.60 | 8,585,847.99 |
| Special reserves | ||
| Surplus reserves | 109,891,642.20 | 110,690,396.65 |
| Common risk provisions | ||
| Retained profit | 2,007,114,888.56 | 1,863,191,218.58 |
| Total of owner’s equity belong to the parent company | 3,281,935,462.95 | 3,238,939,202.18 |
| Minor shareholders’ equity | ||
| Total of owners’ equity | 3,281,935,462.95 | 3,238,939,202.18 |
| Total of liabilities and owner’s interest | 7,654,060,898.26 | 7,625,422,688.63 |
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
2. Balance Sheet of the Parent Company
In RMB
| Item | Closing balance | Opening balance |
| Current asset: | ||
| Monetary capital | 290,288,470.86 | 310,299,329.68 |
| Financial assets measured at fair value with variations accounted into current income account | 66,398,014.70 | |
| Derivative financial assets | ||
| Receivable note and accounts receivable | 200,000,000.00 | 408,154.54 |
| Including: receivable notes | 200,000,000.00 | |
| Account receivable | 408,154.54 | |
| Prepayment | 105,517.23 | 349,740.31 |
| Other receivables | 1,142,808,005.45 | 823,793,780.45 |
| Inventory | ||
| Assets held for sales | ||
| Non-current assets due in 1 year | ||
| Other current assets | 10,448,688.38 | 100,176,058.36 |
| Total current assets | 1,710,048,696.62 | 1,235,027,063.34 |
| Non-current assets: | ||
| Sellable financial assets | 28,562,575.67 | 28,562,575.67 |
| Investment held until mature | ||
| Long-term receivable | ||
| Long-term share equity investment | 983,339,494.35 | 925,349,494.35 |
| Investment real estate | 307,321,568.00 | 307,321,568.00 |
| Fixed assets | 54,334,157.41 | 55,816,611.77 |
| Construction in process | ||
| Productive biological assets |
| Gas & petrol | ||
| Intangible assets | 2,195,142.36 | 2,293,133.59 |
| R&D expense | ||
| Goodwill | ||
| Long-term amortizable expenses | 9,321,312.20 | 460,000.00 |
| Deferred income tax assets | 23,429,841.64 | 23,409,576.18 |
| Other non-current assets | ||
| Total of non-current assets | 1,408,504,091.63 | 1,343,212,959.56 |
| Total of assets | 3,118,552,788.25 | 2,578,240,022.90 |
| Current liabilities | ||
| Short-term loans | 200,000,000.00 | 250,000,000.00 |
| Financial liabilities measured at fair value with variations accounted into current income account | ||
| Derivative financial liabilities | ||
| Payable notes and accounts | 673,941.85 | 606,941.85 |
| Prepayment received | 693,045.60 | 721,888.86 |
| Employees’ wage payable | 966,155.33 | 2,151,237.91 |
| Taxes payable | 1,151,777.67 | 11,721,681.36 |
| Other payables | 675,206,700.81 | 287,972,808.37 |
| Liabilities held for sales | ||
| Non-current liabilities due in 1 year | ||
| Other current liabilities | ||
| Total current liabilities | 878,691,621.26 | 553,174,558.35 |
| Non-current liabilities: | ||
| Long-term loans | 500,000,000.00 | |
| Bond payable | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Long-term payable | ||
| Long-term employees’ wage payable | ||
| Anticipated liabilities | ||
| Deferred earning | ||
| Deferred income tax liabilities | 63,713,846.42 | 63,864,007.22 |
| Other non-current liabilities |
| Total of non-current liabilities | 563,713,846.42 | 63,864,007.22 |
| Total liabilities | 1,442,405,467.68 | 617,038,565.57 |
| Owner’s equity: | ||
| Share capital | 1,155,481,686.00 | 1,183,642,254.00 |
| Other equity tools | ||
| Including: preferred stock | ||
| Perpetual bond | ||
| Capital reserves | 360,835.52 | 71,736,128.89 |
| Less: Shares in stock | ||
| Other miscellaneous income | 8,756,553.46 | 8,756,553.46 |
| Special reserves | ||
| Surplus reserves | 109,891,642.20 | 110,690,396.65 |
| Retained profit | 401,656,603.39 | 586,376,124.33 |
| Total of owners’ equity | 1,676,147,320.57 | 1,961,201,457.33 |
| Total of liabilities and owner’s interest | 3,118,552,788.25 | 2,578,240,022.90 |
3. Consolidated Income Statement of the Report Period
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Total revenue | 793,250,321.93 | 653,038,212.34 |
| Incl. Business income | 793,250,321.93 | 653,038,212.34 |
| Interest income | ||
| Insurance fee earned | ||
| Fee and commission received | ||
| 2. Total business cost | 686,317,916.32 | 527,570,947.26 |
| Incl. Business cost | 568,150,146.71 | 469,496,033.48 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Net insurance policy reserves provided | ||
| Insurance policy dividend |
| paid | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 37,823,332.32 | 27,720,396.62 |
| Sales expense | 10,702,477.61 | 16,873,111.63 |
| Administrative expense | 37,002,879.24 | 35,616,297.32 |
| R&D cost | 3,572,516.18 | 5,291,541.42 |
| Financial expenses | 17,349,510.08 | 16,078,535.41 |
| Including: interest cost | 25,702,800.18 | 15,564,921.17 |
| Interest income | -3,207,162.41 | -1,380,729.08 |
| Asset impairment loss | 11,717,054.18 | -38,213,427.20 |
| Add: other gains | 1,058,639.79 | 3,104,151.04 |
| Investment gains (“-“ for loss) | 31,632,282.15 | 3,981,131.60 |
| Incl. Investment gains from affiliates and joint ventures | -647,094.54 | |
| Gains from change of fair value (“-“ for loss) | -25,429,705.00 | 2,274,935.37 |
| Exchange gains (“-“ for loss) | ||
| Investment gains ("-" for loss) | -1,981,867.64 | -6,928.66 |
| 3. Operational profit (“-“ for loss) | 112,211,754.91 | 134,820,554.43 |
| Plus: non-operational income | 464,154.45 | -554,556.29 |
| Less: non-operational expenditure | 167,066.97 | 1,036,077.29 |
| 4. Gross profit (“-“ for loss) | 112,508,842.39 | 133,229,920.85 |
| Less: Income tax expenses | 21,170,497.50 | 256,484.21 |
| 5. Net profit (“-“ for net loss) | 91,338,344.89 | 132,973,436.64 |
| (1) Net profit from continuous operation ("-" for net loss) | 91,338,344.89 | 132,973,436.64 |
| (2) Net profit from discontinuous operation ("-" for net loss) | ||
| Net profit attributable to the owners of parent company | 91,338,344.89 | 133,216,451.43 |
| Minor shareholders’ equity | -243,014.79 | |
| 6. After-tax net amount of other misc. incomes | 1,286,962.78 | 8,481,869.86 |
| After-tax net amount of other misc. incomes attributed to parent's owner | 1,286,962.78 | 8,481,869.86 |
| (1) Other misc. incomes that |
| cannot be re-classified into gain and loss | ||
| 1. Re-measure the change in the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| (2) Other misc. incomes that will be re-classified into gain and loss | 1,286,962.78 | 8,481,869.86 |
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2．Change in the fair value of financial asset for sale | ||
| 3 Held-to-mature investment reclassified as gain and loss in the financial assets for sales | ||
| 4. Effective part in the gain and loss of arbitrage of cash flow | 1,232,080.00 | 96,269.40 |
| 5. Translation difference of foreign exchange statement | 54,882.78 | -279,121.37 |
| 6. Others | 8,664,721.83 | |
| After-tax net of other misc. income attributed to minority shareholders | ||
| 7. Total of misc. incomes | 92,625,307.67 | 141,455,306.50 |
| Total of misc. incomes attributable to the owners of the parent company | 92,625,307.67 | 141,698,321.29 |
| Total misc gains attributable to the minor shareholders | -243,014.79 | |
| 8. Earnings per share: | ||
| (1) Basic earnings per share | 0.08 | 0.11 |
| (2) Diluted earnings per share | 0.08 | 0.11 |
Net profit contributed by entities merged under common control in the report period was RMB0.00, net profit realized by partiesmerged during the previous period is RMB0.00.
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
4. Consolidated Income Statement of the Report Period
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Turnover | 7,795,537.50 | 7,143,696.79 |
| Less: Operation cost | 559,020.48 | 863,777.60 |
| Taxes and surcharges | 324,914.12 | 333,780.40 |
| Sales expense | 0.00 | |
| Administrative expense | 5,790,565.51 | 5,766,693.63 |
| R&D cost | ||
| Financial expenses | 9,138,885.73 | -1,173,575.45 |
| Including: interest cost | 9,896,208.34 | 1,146,635.83 |
| Interest income | -408,881.16 | -2,340,011.51 |
| Asset impairment loss | -17,615.04 | 56,567.43 |
| 加：Other gains | ||
| Investment gains (“-“ for loss) | 11,500,427.84 | 1,479,735.59 |
| Incl. Investment gains from affiliates and joint ventures | 876,182.79 | |
| Gains from change of fair value (“-“ for loss) | -10,171,856.57 | 1,820,847.37 |
| Investment gains ("-" for loss) | -55,328.84 | |
| 2. Operational profit (“-“ for loss) | -6,726,990.87 | 4,597,036.14 |
| Plus: non-operational income | 2,500.00 | 4,105.20 |
| Less: non-operational expenditure | 5,494.62 | 121,000.00 |
| 3. Gross profit (“-“ for loss) | -6,729,985.49 | 4,480,141.34 |
| Less: Income tax expenses | -10,035,082.23 | |
| 4. Net profit (“-“ for net loss) | -6,729,985.49 | 14,515,223.57 |
| (1) Net profit from continuous operation ("-" for net loss) | -6,729,985.49 | 14,515,223.57 |
| (2) Net profit from discontinuous operation ("-" for net loss) | ||
| 5. After-tax net amount of other misc. incomes | 8,664,721.83 | |
| (1) Other misc. incomes that cannot be re-classified into gain and loss | ||
| 1. Re-measure the change in the defined benefit plan | ||
| 2. Other comprehensive |
| income that cannot be transferred to profit or loss under the equity method | ||
| (2) Other misc. incomes that will be re-classified into gain and loss | 8,664,721.83 | |
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2．Change in the fair value of financial asset for sale | ||
| 3 Held-to-mature investment reclassified as gain and loss in the financial assets for sales | ||
| 4. Effective part in the gain and loss of arbitrage of cash flow | ||
| 5. Translation difference of foreign exchange statement | ||
| 6. Others | 8,664,721.83 | |
| 6. Total of misc. incomes | -6,729,985.49 | 23,179,945.40 |
| 7. Earnings per share: | ||
| (1) Basic earnings per share | ||
| (2) Diluted earnings per share |
5. Consolidated Income Statement Between the Beginning of the Year and End of the Report Period
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Total revenue | 2,235,301,218.46 | 2,052,749,153.63 |
| Incl. Business income | 2,235,301,218.46 | 2,052,749,153.63 |
| Interest income | ||
| Insurance fee earned | ||
| Fee and commission received | ||
| 2. Total business cost | 1,860,230,298.85 | 1,645,174,343.12 |
| Incl. Business cost | 1,503,636,322.43 | 1,372,893,960.45 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment |
| Net claim amount paid | ||
| Net insurance policy reserves provided | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 139,027,527.35 | 131,792,673.42 |
| Sales expense | 37,762,618.85 | 40,010,393.40 |
| Administrative expense | 103,542,065.13 | 97,403,916.43 |
| R&D cost | 11,567,916.09 | 9,219,109.68 |
| Financial expenses | 51,121,831.76 | 41,975,850.30 |
| Including: interest cost | 56,940,394.38 | 49,152,652.50 |
| Interest income | -6,869,263.66 | -11,242,432.46 |
| Asset impairment loss | 13,572,017.23 | -48,121,560.56 |
| Add: other gains | 3,757,831.37 | 4,512,602.04 |
| Investment gains (“-“ for loss) | 57,877,044.56 | 10,861,727.87 |
| Incl. Investment gains from affiliates and joint ventures | 0.00 | -1,273,726.16 |
| Gains from change of fair value (“-“ for loss) | -34,326,342.25 | 2,973,747.00 |
| Exchange gains (“-“ for loss) | ||
| Investment gains ("-" for loss) | -3,533,733.22 | -94,172.98 |
| 3. Operational profit (“-“ for loss) | 398,845,720.07 | 425,828,714.44 |
| Plus: non-operational income | 7,530,192.86 | 3,952,958.80 |
| Less: non-operational expenditure | 689,227.40 | 1,265,404.51 |
| 4. Gross profit (“-“ for loss) | 405,686,685.53 | 428,516,268.73 |
| Less: Income tax expenses | 84,216,677.45 | 68,024,588.73 |
| 5. Net profit (“-“ for net loss) | 321,470,008.08 | 360,491,680.00 |
| (1) Net profit from continuous operation ("-" for net loss) | 321,470,008.08 | 360,491,680.00 |
| (2) Net profit from discontinuous operation ("-" for net loss) | ||
| Net profit attributable to the owners of parent company | 321,470,008.08 | 361,219,770.86 |
| Minor shareholders’ equity | -728,090.86 | |
| 6. After-tax net amount of other misc. | -592,793.39 | 6,699,639.71 |
| incomes | ||
| After-tax net amount of other misc. incomes attributed to parent's owner | -592,793.39 | 6,699,639.71 |
| (1) Other misc. incomes that cannot be re-classified into gain and loss | ||
| 1. Re-measure the change in the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| (2) Other misc. incomes that will be re-classified into gain and loss | -592,793.39 | 6,699,639.71 |
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2．Change in the fair value of financial asset for sale | ||
| 3 Held-to-mature investment reclassified as gain and loss in the financial assets for sales | ||
| 4. Effective part in the gain and loss of arbitrage of cash flow | -606,921.25 | -1,685,960.75 |
| 5. Translation difference of foreign exchange statement | 14,127.86 | -279,121.37 |
| 6. Others | 8,664,721.83 | |
| After-tax net of other misc. income attributed to minority shareholders | ||
| 7. Total of misc. incomes | 320,877,214.69 | 367,191,319.71 |
| Total of misc. incomes attributable to the owners of the parent company | 320,877,214.69 | 367,919,410.57 |
| Total misc gains attributable to the minor shareholders | -728,090.86 | |
| 8. Earnings per share: | ||
| (1) Basic earnings per share | 0.28 | 0.31 |
| (2) Diluted earnings per share | 0.28 | 0.31 |
Net profit contributed by entities merged under common control in the report period was RMB0.00, net profit realized by partiesmerged during the previous period is RMB0.00.
6. Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Turnover | 22,907,827.70 | 20,997,817.08 |
| Less: Operation cost | 1,232,598.73 | 1,667,373.48 |
| Taxes and surcharges | 975,716.94 | 987,119.06 |
| Sales expense | ||
| Administrative expense | 15,924,036.36 | 18,323,645.88 |
| R&D cost | ||
| Financial expenses | 16,687,577.76 | -2,618,598.83 |
| Including: interest cost | 18,446,237.53 | 3,913,018.33 |
| Interest income | -1,990,291.21 | -6,846,472.61 |
| Asset impairment loss | 81,061.84 | 94,478.76 |
| Add: other gains | 114,556.59 | |
| Investment gains (“-“ for loss) | 19,638,911.06 | 2,494,407.02 |
| Incl. Investment gains from affiliates and joint ventures | 249,551.17 | |
| Gains from change of fair value (“-“ for loss) | -13,600,985.30 | 1,820,847.37 |
| Investment gains ("-" for loss) | -55,902.90 | |
| 2. Operational profit (“-“ for loss) | -5,896,584.48 | 6,859,053.12 |
| Plus: non-operational income | 261,144.66 | 3,618,258.71 |
| Less: non-operational expenditure | 6,232.62 | 152,271.82 |
| 3. Gross profit (“-“ for loss) | -5,641,672.44 | 10,325,040.01 |
| Less: Income tax expenses | 1,531,510.40 | -8,734,034.85 |
| 4. Net profit (“-“ for net loss) | -7,173,182.84 | 19,059,074.86 |
| (1) Net profit from continuous operation ("-" for net loss) | -7,173,182.84 | 19,059,074.86 |
| (2) Net profit from discontinuous operation ("-" for net loss) | ||
| 5. After-tax net amount of other misc. incomes | 8,664,721.83 | |
| (1) Other misc. incomes that cannot be re-classified into gain and loss |
| 1. Re-measure the change in the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| (2) Other misc. incomes that will be re-classified into gain and loss | 8,664,721.83 | |
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2．Change in the fair value of financial asset for sale | ||
| 3 Held-to-mature investment reclassified as gain and loss in the financial assets for sales | ||
| 4. Effective part in the gain and loss of arbitrage of cash flow | ||
| 5. Translation difference of foreign exchange statement | ||
| 6. Others | 8,664,721.83 | |
| 6. Total of misc. incomes | -7,173,182.84 | 27,723,796.69 |
| 7. Earnings per share: | ||
| (1) Basic earnings per share | ||
| (2) Diluted earnings per share |
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Net cash flow from business operations: | ||
| Cash received from sales of products and providing of services | 2,207,987,021.72 | 2,554,904,276.07 |
| Net increase of customer deposits and capital kept for brother company | ||
| Net increase of loans from central bank | ||
| Net increase of inter-bank loans from other financial bodies |
| Cash received against original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase of client deposit and investment | ||
| Increase in proposal of financial assets measured at fair value with variations accounted into current income account | ||
| Cash received as interest, processing fee, and commission | ||
| Net increase of inter-bank fund received | ||
| Net increase of repurchasing business | ||
| Tax refunded | 4,988,463.29 | 1,805,886.66 |
| Other cash received from business operation | 292,273,568.66 | 213,901,169.92 |
| Sub-total of cash inflow from business operations | 2,505,249,053.67 | 2,770,611,332.65 |
| Cash paid for purchasing products and services | 1,429,144,992.91 | 1,558,159,130.54 |
| Net increase of client trade and advance | ||
| Net increase of savings in central bank and brother company | ||
| Cash paid for original contract claim | ||
| Cash paid for interest, processing fee and commission | ||
| Cash paid for policy dividend | ||
| Cash paid to and for the staff | 210,878,995.88 | 191,709,076.81 |
| Taxes paid | 272,518,173.65 | 358,300,385.82 |
| Other cash paid for business activities | 480,094,332.49 | 268,199,654.52 |
| Sub-total of cash outflow from business operations | 2,392,636,494.93 | 2,376,368,247.69 |
| Cash flow generated by business operations, net | 112,612,558.74 | 394,243,084.96 |
| 2. Cash flow generated by investment: | ||
| Cash received from investment recovery | 6,215,580,000.00 | 8,092,089,184.54 |
| Cash received as investment profit | 64,596,027.07 | 13,773,697.27 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 16,523,904.33 | 3,540,531.00 |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | ||
| Sub-total of cash inflow generated from investment | 6,296,699,931.40 | 8,109,403,412.81 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 49,609,863.23 | 33,608,087.17 |
| Cash paid as investment | 6,155,986,395.83 | 8,146,400,000.00 |
| Net increase of loan against pledge | ||
| Net cash paid for acquiring subsidiaries and other operational units | ||
| Other cash paid for investment | ||
| Subtotal of cash outflows | 6,205,596,259.06 | 8,180,008,087.17 |
| Cash flow generated by investment activities, net | 91,103,672.34 | -70,604,674.36 |
| 3. Cash flow generated by financing activities: | ||
| Cash received from investment | ||
| Incl. Cash received from investment attracted by subsidiaries from minority shareholders | ||
| Cash received from borrowed loans | 708,000,000.00 | 962,503,029.59 |
| Cash received from bond placing | ||
| Other cash received from financing activities | ||
| Subtotal of cash inflow from financing | 708,000,000.00 | 962,503,029.59 |
| activities | ||
| Cash paid to repay debts | 780,577,298.43 | 391,000,000.00 |
| Cash paid as dividend, profit, or interests | 258,660,130.40 | 337,538,336.38 |
| Incl. Dividend and profit paid by subsidiaries to minority shareholders | ||
| Other cash paid for financing activities | 99,804,777.52 | |
| Subtotal of cash outflow from financing activities | 1,139,042,206.35 | 728,538,336.38 |
| Net cash flow generated by financing activities | -431,042,206.35 | 233,964,693.21 |
| 4. Influence of exchange rate changes on cash and cash equivalents | 3,084,851.98 | -1,950,710.61 |
| 5. Net increase in cash and cash equivalents | -224,241,123.29 | 555,652,393.20 |
| Plus: Balance of cash and cash equivalents at the beginning of term | 931,285,535.55 | 935,824,575.40 |
| 6. Balance of cash and cash equivalents at the end of the period | 707,044,412.26 | 1,491,476,968.60 |
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
| Item | Amount occurred in the current period | Occurred in previous period |
| 1. Net cash flow from business operations: | ||
| Cash received from sales of products and providing of services | 153,999,350.74 | 19,187,607.97 |
| Tax refunded | ||
| Other cash received from business operation | 1,409,325,820.93 | 1,056,523,500.53 |
| Sub-total of cash inflow from business operations | 1,563,325,171.67 | 1,075,711,108.50 |
| Cash paid for purchasing products and services | 1,250,558.30 | 28,685,143.30 |
| Cash paid to and for the staff | 10,320,094.96 | 12,913,713.04 |
| Taxes paid | 19,134,230.81 | 2,790,810.71 |
| Other cash paid for business activities | 1,684,835,834.03 | 940,326,714.58 |
| Sub-total of cash outflow from business operations | 1,715,540,718.10 | 984,716,381.63 |
| Cash flow generated by business operations, net | -152,215,546.43 | 90,994,726.87 |
| 2. Cash flow generated by investment: | ||
| Cash received from investment recovery | 2,273,880,000.00 | 2,206,344,592.27 |
| Cash received as investment profit | 20,659,911.06 | 438,481,932.96 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 5,000.00 | |
| Net cash received from disposal of subsidiaries or other operational units | 10,000,000.00 | 10,000,000.00 |
| Other investment-related cash received | ||
| Sub-total of cash inflow generated from investment | 2,304,544,911.06 | 2,654,826,525.23 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 576,678.00 | 1,573,560.35 |
| Cash paid as investment | 2,321,870,000.00 | 2,222,010,000.00 |
| Net cash paid for acquiring subsidiaries and other operational units | ||
| Other cash paid for investment | ||
| Subtotal of cash outflows | 2,322,446,678.00 | 2,223,583,560.35 |
| Cash flow generated by investment activities, net | -17,901,766.94 | 431,242,964.88 |
| 3. Cash flow generated by financing activities: | ||
| Cash received from investment | ||
| Cash received from borrowed loans | 700,000,000.00 | 250,000,000.00 |
| Cash received from bond placing | ||
| Other cash received from financing activities | ||
| Subtotal of cash inflow from financing activities | 700,000,000.00 | 250,000,000.00 |
| Cash paid to repay debts | 250,000,000.00 | 100,000,000.00 |
| Cash paid as dividend, profit, or interests | 199,919,295.82 | 280,390,322.29 |
| Other cash paid for financing activities | 99,804,777.52 | |
| Subtotal of cash outflow from financing activities | 549,724,073.34 | 380,390,322.29 |
| Net cash flow generated by financing activities | 150,275,926.66 | -130,390,322.29 |
| 4. Influence of exchange rate changes on cash and cash equivalents | -169,472.11 | -22,970.66 |
| 5. Net increase in cash and cash equivalents | -20,010,858.82 | 391,824,398.80 |
| Plus: Balance of cash and cash equivalents at the beginning of term | 310,049,329.68 | 74,159,732.87 |
| 6. Balance of cash and cash equivalents at the end of the period | 290,038,470.86 | 465,984,131.67 |
2. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
China Fangda Group Co., Ltd.
Legal representative: Xiong Jianming
18.10.18