Zhejiang Dahua Technology Co., Ltd.
2020 Q3 Report
October 2020
Section I Important Notice
The Board of Directors, the Board of Supervisors, directors,supervisors and senior management members of the Company herebyguarantee that the information presented in this quarterly report isauthentic, accurate, complete and free of any false records, misleadingstatements or material omissions, and they will bear joint and severalliabilities for such information.
All the directors attended the meeting of the Board of Directors forthe deliberation of this quarterly report.
Fu Liquan, the Company's legal representative, Xu Qiaofen, chiefaccountant, and Zhu Zhuling, person in charge of accounting institution(Accounting Officer) hereby declare and warrant that the financialstatements in the quarterly report are authentic, accurate, and complete.
Section II Basic Information about the Company
I. Key Accounting Data and Financial IndicatorsWhether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not
□ Yes √ No
At the End of the Current Reporting Period | At the End of the Previous Year | Increase/Decrease at the End of the Current Reporting Period Compared with the End of the Previous Year | ||||
Total assets (RMB) | 32,555,003,527.46 | 29,564,650,212.93 | 10.11% | |||
Net assets attributable to shareholders of the listed company (RMB) | 18,526,723,166.81 | 15,643,007,027.91 | 18.43% | |||
The Current Reporting Period | Increase/Decrease of the Current Reporting Period Compared with the Same Period of the Previous Year | From the Beginning of the Year to the End of the Current Reporting Period | Increase/Decrease of the Period from the Beginning of the Year to the End of the Current Reporting Period Compared with the Same Period of the Previous Year | |||
Operating income (RMB) | 6,327,875,819.49 | 12.56% | 16,166,204,673.11 | -1.60% | ||
Net profit attributable to shareholders of the listed Company (RMB) | 1,456,149,999.41 | 128.07% | 2,825,124,363.85 | 50.48% | ||
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 446,072,294.69 | -24.51% | 1,736,331,079.79 | 0.39% | ||
Net cash flow generated by operational activities (RMB) | 1,374,884,709.97 | 313.84% | 1,267,956,746.02 | 335.58% | ||
Basic Earnings per Share (RMB/Share) | 0.50 | 127.27% | 0.97 | 51.56% | ||
Diluted Earnings per Share (RMB/Share) | 0.50 | 127.27% | 0.97 | 51.56% |
Weighted Average ROE | 8.20% | 3.60% | 16.51% | 2.52% |
Non-recurring Gains and Losses Items and Their Amounts
√ Applicable □ Not applicable
Unit: RMB
Item | The Amount from the Beginning of the Year to the End of the Current Reporting Period | Note |
Profits or losses from disposal of non-current assets (including the write-off for the accrued impairment of assets) | 1,136,324,218.74 | |
The government subsidies included in the current profits and losses (excluding the government subsidies closely related to regular businesses of the Company and issued in the quota or quantity based on the national standards) | 143,331,649.08 | |
Profits and losses resulting from the changes in fair value for holding trading financial assets, derivative financial assets and trading financial liabilities, derivative financial liabilities and investment income from disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and other obligatory right investment, excluding the effective hedging businesses related to the regular business operation of the Company | 25,138,011.97 | |
Reversal of the receivables and contract assets depreciation reserves for separate impairment test | 2,285,878.00 | |
Non-Operating Revenue and expenses other than the above | -5,812,537.18 | |
Other gains and losses items that fit the definition of non-recurring gains and losses | 211,079.45 | |
Less: Impact of income tax | 196,734,693.39 | |
Impact of minority equity (after tax) | 15,950,322.61 | |
Total | 1,088,793,284.06 | -- |
For items defined as non-recurring gains and losses according to the No. 1 Explanatory Announcement on InformationDisclosure for Companies Offering Their Securities to Public - Non-recurring Gains and Losses, or non-recurring gainsand losses items listed in the said document defined as recurring ones, please specify the reasons.
□ Applicable √ Not applicable
In the reporting period, the Company did not define any non-recurring gains and losses items defined and listed in the No.1 Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to Public - Non-recurringGains and Losses, as recurring gains and losses items.
II. The Total Number of Shareholder and the Holdings of the Top 10 Shareholders atthe End of the Current Reporting Period
1. The number of common shareholders and preferred shareholders with resumed voting rightsand the shareholdings of the top 10 shareholders
Unit: share
Total Number Of Common Shareholders At The End Of The Reporting Period | 129,894 | Total Number of Preferred Shareholders (If Any) Whose Voting Rights have been Recovered at the End of the Reporting Period | 0 | ||||||
The shareholdings of the top 10 shareholders | |||||||||
Name of Shareholder | Nature Of Shareholder | Shareholding Percentage | Number of shares held | Number of shares held with limited sales conditions | Pledges or freezings | ||||
State Of Shares | Number | ||||||||
Fu Liquan | Domestic Natural Person | 34.09% | 1,023,868,980 | 811,561,410 | Pledge | 244,852,000 | |||
Zhu Jiangming | Domestic Natural Person | 5.35% | 160,577,490 | 139,846,117 | Pledge | 50,754,000 | |||
Shanghai Perseverance Asset Management (Limited Partnership) - Gaoyi Linshan No.1 Yuanwang Fund | Others | 4.59% | 138,000,000 | 0 | |||||
Hong Kong Securities Clearing Co. Ltd. | Overseas Legal Person | 3.58% | 107,503,548 | 0 | |||||
Chen Ailing | Domestic Natural Person | 2.37% | 71,262,813 | 53,447,110 | Pledge | 21,100,000 | |||
Wu Jun | Domestic Natural Person | 2.31% | 69,250,886 | 51,938,164 | |||||
China Galaxy Securities Co., Ltd. | State-owned Legal Person | 2.09% | 62,641,400 | 0 |
China Securities Finance Co., Ltd. | Domestic Non-state-owned Legal Person | 1.32% | 39,611,241 | 0 | ||
Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 1.05% | 31,448,750 | 0 | ||
Shanghai Greenwoods Asset Management Co., Ltd. - Greenwoods Global Fund | Others | 1.02% | 30,617,393 | 0 | ||
Shareholding list of top ten shareholders without limited sales condition | ||||||
Name of Shareholder | Number of shares held without limited sales condition | Type of shares | ||||
Type of shares | Number | |||||
Fu Liquan | 212,307,570 | RMB common stock | 212,307,570 | |||
Shanghai Perseverance Asset Management (Limited Partnership) - Gaoyi Linshan No.1 Yuanwang Fund | 138,000,000 | RMB common stock | 138,000,000 | |||
Hong Kong Securities Clearing Co. Ltd. | 107,503,548 | RMB common stock | 107,503,548 | |||
China Galaxy Securities Co., Ltd. | 62,641,400 | RMB common stock | 62,641,400 | |||
China Securities Finance Co., Ltd. | 39,611,241 | RMB common stock | 39,611,241 | |||
Central Huijin Asset Management Co., Ltd. | 31,448,750 | RMB common stock | 31,448,750 | |||
Shanghai Greenwoods Asset Management Co., Ltd. - Greenwoods Global Fund | 30,617,393 | RMB common stock | 30,617,393 | |||
Zhu Jiangming | 20,731,373 | RMB common stock | 20,731,373 | |||
Chen Ailing | 17,815,703 | RMB common stock | 17,815,703 | |||
Wu Jun | 17,312,722 | RMB common stock | 17,312,722 |
Description of the association relationship or concerted action of above-mentioned shareholders | Mr. Fu Liquan And Ms. Chen Ailing Are Husband And Wife. The Company Is Unaware Of Whether Other Shareholders Have Associated Relationship Or Are Persons Acting In Concert. |
Explanation On Top Ten Shareholders’ Participation In Securities Margin Trading (If Any) | N/A |
Whether the Company's top ten common shareholders or top ten common shareholders without limited shares agree onany repurchase transaction in the reporting period
□ Yes √ No
None of the Company's top ten common shareholders or top ten common shareholders without limited shares agreed onrepurchase in the reporting period.
2. The total number of the preferred shareholders and the shareholdings of the top 10 preferredshareholders
□ Applicable √ Not applicable
Section III Significant EventsI. The Changes in Major Financial Data and Financial Indicators in the CurrentReporting Period and the Reasons
√ Applicable □ Not applicable
i. The changes of assets and liabilities and the reasons
1. Monetary funds increased by 61.24% compared with the end of last year, mainly due to the increase in the return offunds in the period and the increase in bank loans;
2. Trading financial assets increased by 100% compared with the end of last year, mainly due to the new structureddeposits in the period;
3. Other receivables increased by 120.09% compared with the end of last year, mainly due to the increase of 588million equity transfer receivables in the period;
4. Inventory increased by 32.86% compared with the end of last year, mainly due to the Company's increased stock;
5. Contract assets increased by 100% compared with the end of last year, mainly due to the implementation of thenew income standards and the adjustments to the filling of statements;
6. Non-current assets due within one year increased by 44.06% compared with the end of last year, mainly due to theincrease of long-term receivables due within one year;
7. Other current assets increased by 35.50% compared with the end of last year, mainly due to the reverserepurchase of 220 million new treasury bonds at the end of the current period compared with the end of last year;
8. Other non-current financial assets increased by 182.59% compared with the end of last year, mainly due to thenew foreign equity investment in the period;
9. The construction in progress increased by 118.44% compared with the end of last year, mainly due to the increaseof investment in the Phase II construction of the smart manufacturing base in Hangzhou and the R&D and industrializationof the smart IoT solutions in the period;
10. Other non-current assets increased by 122.36% compared with the end of last year, mainly due to the increase inthe advance payments for long-term assets in the period;
11. Short-term loans increased by 49.97% compared with the end of last year, mainly due to the increase ofshort-term bank borrowings in the period;
12. Bills payable decreased by 44.39% compared with the end of last year, mainly due to the settlement of bills due;
13. Contract liabilities increased by 100% compared with the end of last year, mainly due to the implementation of thenew income standards and the adjustments to the filling of statements;
14. Dividend payable increased by 39.75% compared with the end of last year, mainly due to the increased dividendof restricted shares;
15. Non-current liabilities due within one year increased by 1482.07% compared with the end of last year, mainly dueto the increase of long-term bank borrowings due within one year;
16. Other current liabilities increased by 37.52% compared with the end of last year, mainly due to the increase inpending output tax on items;
17. Long-term loans increased by 472.31% compared with the end of last year, mainly due to the increase oflong-term bank borrowings in the period;
18. Treasury shares decreased by 44.16% compared with the end of last year, mainly due to the reduction of therepurchase obligation due to the unlocking of restricted stocks and repurchase after resignation in the period;
19. Other comprehensive incomes increased by 215.48% compared with the end of last year, mainly due to theincrease of foreign currency statement translation;
ii. The changes of items in the income statement and the reasons
1. Financial expenses increased by 320.95% year on year, mainly due to the increase of exchange losses in theperiod compared with the same period of last year;
2. Investment income increased by 8233.52% year on year, mainly due to the increase of equity transfer income inthe period compared with the same period of last year;;
3. Income from changes in fair value decreased by 58.63% year on year, mainly due to the decrease of fair valuechanges of financial derivatives in the period;
4. Non-operating income decreased by 30.57% year on year, mainly due to the decrease of government subsidiesreceived in the period compared with the same period of last year;
5. Non-operating expenses increased by 668.94% year on year, mainly due to the increase of the Company's publicwelfare donation during COVID-19 epidemic;
6. Income tax increased by 55.24% year on year, mainly due to the increase of taxable income in the period.
iii. The changes of items in the cash flow statement and the reasons
1. The net amount of cash flow generated by business activities increased by 335.58% year on year, mainly due tothe Company’s enhanced management of receivables and the increase of payments recovered;
2. The net amount of cash flow generated by financing activities increased by 601.89% year on year, mainly due tothe increase of bank borrowings compared with the same period of last year and the share repurchase business in thesame period of last year.
II. Progress of Significant Events and the Analysis of Its Influence and Solutions
√ Applicable □ Not applicable
1. On February 3, 2020, the Company’s 30th session of the 6th Board of Directors' meeting reviewed and approvedthe "Proposal on Joint Investment and Related Party Transactions with Related Persons". It is agreed that the Companyand its related party Ningbo Huagu Enterprise Management Partnership (Limited Partnership) and Ningbo HualingInvestment Management Partnership (Limited Partnership) jointly invested RMB 50 million to establish Zhejiang DahuaStorage Technology Co., Ltd. Among them, Dahua invested RMB 25.5 million with its own funds, accounting for 51% ofthe registered capital. In February 2020, the company was established.
2. On February 24, 2020, the Company’s 31st session of the 6th Board of Directors' meeting reviewed and approvedthe "Proposal on Joint Investment with Related Parties to Establish a Holding Subsidiary and Related Party Transactions".It is agreed that the Company and its related party Zhejiang Leapmotor Technology Co., Ltd, Ningbo Hualing InvestmentManagement Partnership (Limited Partnership), and Ningbo Huaqi Enterprise Management Partnership (LimitedPartnership) jointly invested RMB 150 million to establish Zhejiang Dahua Automotive Technology Co., Ltd. Among them,Dahua invested RMB 76.5 million with its own funds, accounting for 51% of the registered capital. In March 2020, thecompany was established.
3. On February 24, 2020, the Company’s 31st session of the 6th Board of Directors' meeting reviewed and approvedthe "Proposal on Investment in Establishing a Joint Venture Company". The Company and Tianjin Rongyu EnterpriseManagement Partnership (Limited Partnership), Tianjin Qushi Management Consulting Partnership (Limited Partnership),
and Huzhou Xubo Smart City Technology Partnership (Limited Partnership) signed a "Joint Venture Agreement" to jointlyinvest in the establishment of Ruicity Digital Technology Co., Ltd. (tentative name), with a registered capital of RMB 800million and the Company's shareholding accounted for 20%. In March 2020, this company was established and theapproved company name by the Bureau of Industry and Commerce was Ruicity Digital Technology Co., Ltd.
4. On June 5, 2019, the Company’s 1st Extraordinary General Meeting of Shareholders of 2019 reviewed andapproved the “Proposal on Public Offering of Convertible Corporate Bonds” and other relevant contents.On June 4, 2020, the Company’s 35th meeting of the 6th Board of Directors and the 21st meeting of the 6th Board ofSupervisors reviewed and approved the "Proposal on Terminating the Public Offering of Convertible Corporate Bonds"and agreed to terminate the public offering of convertible corporate bonds.
5. On July 8, 2020, the Company’s 36th meeting of the 6th board of directors reviewed and approved the "Proposalon Equity Transfer and Related Transactions of Subsidiary". The Company will transfer 49% equity of Zhejiang DahuaRobot Technology Co., Ltd., held by related party Zhejiang Huashi Investment Management Co., Ltd., the relatedtransactions of which totals RMB 7,004,918. The change of industrial and commercial registrations for the above matterwas completed in August 2020.
6. On July 24, 2020, the Company’s 2nd Extraordinary General Meeting of Shareholders of 2020 reviewed andapproved the "Proposal on Equity Transfer Agreement and Related Transactions of Wholly-owned Subsidiaries". It isagreed that the Company would transfer 100% of the equity of its subsidiary Zhejiang Huatu Microchip Technology Co.,Ltd. to Hangzhou Gancheng Equity Investment Partnership (Limited Partnership), Shaoxing Gansheng Equity InvestmentPartnership (Limited Partnership), Zhejiang FTZ Fenghang Investment Partnership (Limited Partnership), YuyaoYangming Zhixing Investment Center (Limited Partnership), Ganzhou Dayu Capital Management Partnership (LimitedPartnership), Chen Heyu, Ningbo Hualing Investment Management Partnership (Limited Partnership), Zhoushan ZhixinEquity Investment Partnership (Limited Partnership), and Zhoushan Weixin Equity Investment Partnership (LimitedPartnership). The transfer price of 100% equity of Zhejiang Huatu Microchip Technology Co., Ltd. is RMB 120 million, andthe Company has received a total of RMB 612 million (51% of the equity transfer payment) from the counterparty for thefirst phase of equity transfer. The change of industrial and commercial registrations for the above matter was completed inAugust 2020.
7. On August 12, 2020, the Company’s 3rd Extraordinary General Meeting of Shareholders in 2020 reviewed andapproved the "Proposal on Buy-back and Cancellation of Some Granted but Unlocked Restricted Stocks" and agreed tobuy back and cancel 4,822,680 authorized but not unlocked restricted stocks held by 183 persons who were no longerqualified as incentive targets. (of which, 4,337,880 shares were first granted, with the repurchase price of RMB 8.17 pershare; reserved grant of 484,800 shares at a repurchase price of RMB 8.75 per share). After the repurchase andcancellation, the total number of shares of the Company will be adjusted from 3,001,465,530 to 2,996,642,850.
8. On September 23, 2020, the Company’s 3rd meeting of the 7th board of directors reviewed and approved the"Proposal on Transfer of Equity of Holding Subsidiary and Waiver of Right of Preemption and Related Transaction". TheCompany transferred 51% equity of its holding subsidiary, Hangzhou Tanmu Technology Co., Ltd., to an unrelated naturalperson Wu Yuwei at a price of RMB 4,823,223. At the same time, the related legal person Zhejiang Huashi InvestmentManagement Co., Ltd. transferred its 27.50% equity of Tanmu Technology to Wu Yuwei at a price of RMB 2,600,757;Tanmu Technology shareholder Yang Feng transferred 12% of his equity to Wu Yuwei at a price of RMB 1,134,876, theshareholder Wei Meizhong transferred 7% of his equity to Wu Yuwei at a price of RMB 662,011, and the shareholderZhang Guoquan transferred 2.50% of his equity to Wu Yuwei at a price of RMB 23,6433. The Company waived its right ofpreemption to 49% of the shares of Tanmu Technology. The change of industrial and commercial registrations for theabove matter was completed in September 2020.
Overview of the significant events | Date of Disclosure | Indexes for the inquiry of websites |
disclosing the provisional reports | ||
Announcement on Joint Investment and Related Transactions with Related Parties | February 4, 2020 | http://www.cninfo.com.cn |
Announcement on the Establishment of Holding Subsidiary Through Joint Investment with Related Parties and Related Transactions | February 25, 2020 | http://www.cninfo.com.cn |
Announcement on Investment of Establishment of Joint Venture Company | February 25, 2020 | http://www.cninfo.com.cn |
May 18, 2019 | http://www.cninfo.com.cn | |
June 05, 2020 | http://www.cninfo.com.cn | |
Announcement on the Signing of Framework Agreement for Equity Transfer of Wholly-owned Subsidiaries and Related Transactions. Announcement on Equity Transfer of Subsidiaries and Related Transactions | April 28, 2020 | http://www.cninfo.com.cn |
July 09, 2020 | http://www.cninfo.com.cn | |
Announcement of Resolutions at 2nd Extraordinary General Meeting of Shareholders in 2020 | July 25, 2020 | http://www.cninfo.com.cn |
Announcement of Resolutions at 3rd Extraordinary General Meeting of Shareholders in 2020 | August 13, 2020 | http://www.cninfo.com.cn |
Announcement on Progress of Equity Transfer of Wholly-owned Subsidiaries and Related Transactions | August 13, 2020 | http://www.cninfo.com.cn |
Announcement on Equity Transfer of Holding Subsidiaries and Waiver of Right of Preemption, and Related Transactions | September 24, 2020 | http://www.cninfo.com.cn |
The progress on share repurchase
√ Applicable □ Not applicable
On April 25, 2019, the Company’s 21st meeting of the 6th board of directors reviewed and approved the “Proposal onthe Scheme for the Repurchase of Shares”. The Company plans to buy back some shares with the funds raised by itselfthrough centralized competitive bidding. The total amount of funds for the repurchase shall not be less than RMB 200million (inclusive) and not be more than RMB 400 million (inclusive). The price of the repurchase shall not exceed 25.37yuan per share (inclusive). Calculated according to the purchase price and the upper limit for the repurchase, it’sestimated to buy back 15,766,653 shares. The repurchased shares will make up 0.53% of the current total share capital ofthe Company. The specific amount of repurchased shares and the proportion in the total share capital of the Companyshall be subject to the actually repurchased number of shares and the actual proportion when the period of repurchase
expires. The period for the implementation of repurchase shall be 12 months from the day the board of directors reviewsand approves the repurchase scheme.
As of April 24, 2020, the Company bought back 13,391,480 shares with its special securities account throughcentralized competitive bidding, accounting for 0.45% of the Company's total share capital. The highest transaction pricewas RMB 17.88 per share and the lowest transaction price was RMB 12.9 per share. The total amount of transactions wasRMB 203,499,400.44 (excluding transaction expenses). The Company's share repurchase plan has been completed.
The progress on reduction of re-purchase shares by means of centralized competitive bidding
□ Applicable √ Not applicable
III. Commitments made by the Company's actual controllers, shareholders, relatedparties, purchasers and purchasing companies having not been fulfilled during thereporting period
□ Applicable √ Not applicable
During this reporting period, there is no commitment made by the Company's actual controllers, shareholders, relatedparties, purchasers and purchasing companies having not been fulfilled during the reporting period.
IV. Financial assets investment
1. Securities investment
□ Applicable √ Not applicable
No such case as securities investment during the reporting period.
2. Derivatives investment
√ Applicable □ Not applicable
Unit: ten thousand RMB
Name of derivatives investment operator | Relation with related party | Whether it is a related transaction | Types of derivatives investment | Initial amount of derivatives investment | Starting date | Termination date | Initial investment amount | Amount purchased during the reporting period | Amount sold during the reporting period | Amount of provision for impairment accrued (if any) | Investment amount at the end of the period | Proportion of investment amount in the company’s net assets at end of the reporting period | Actual profit and loss during the reporting period |
Agricultural Bank of China | No relations | No | Structured deposits | 10,000 | May 20, 2020 | December 29, 2020 | 0 | 10,000 | 10,000 | 0.54% | |||
China Construction Bank | No relations | No | Structured deposits | 80,000 | June 05, 2020 | September 03, 2020 | 0 | 80,000 | 80,000 | 712.83 | |||
Bank | No relations | No | Foreign exchange contract | February 28, 2020 | September 30, 2020 | 0 | 305,674.82 | 305,674.82 | 63.57 | ||||
Total | 90,000 | -- | -- | 0 | 395,674.82 | 385,674.82 | 10,000 | 0.54% | 776.4 | ||||
Sources of funds for derivatives investment | Equity Fund | ||||||||||||
Litigation involved (if applicable) | N/A | ||||||||||||
Disclosure date of board of directors' announcement on the approval of derivatives investment (if any) | April 3, 2020 | ||||||||||||
Disclosure date of shareholder meeting's announcement on the approval of derivatives investment (if any) | May 13, 2020 | ||||||||||||
Risk analysis and description of control measures for derivatives positions during the reporting period (including but not limited to market risk, liquidity risk, credit risk, operational risk, legal risk, etc.) | For detailed information on structured deposit risk analysis and control measures, please refer to the "Announcement on the Purchase of Bank Wealth Management Products with Own Fund" (Announcement No.: 2020-025) disclosed on April 3, 2020, and the "Announcement on Foreign Exchange Hedging Transactions" (Announcement No.: 2020-022) disclosed on April 3, 2020. | ||||||||||||
Changes in market prices or product fair value of invested derivatives during the reporting period, and the analysis of the fair value of derivatives should disclose the specific methods used and the setting of related assumptions and parameters. | For the unexpired structured deposits signed between the Company and the bank during the reporting period, the fair value gains and losses shall be determined according to the interest rate linked to the foreign exchange options; the difference between the quotation of forward foreign exchange settlement contract quotation and the forward foreign exchange price determines the transactional financial assets or transactional financial liabilities. | ||||||||||||
Explanation of whether the | N/A |
Company’s derivatives accounting policies and specific accounting principles have changed significantly during the reporting period compared with the previous reporting period | |
Independent directors' special opinions on the Company's derivatives investment and risk control | N/A |
V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Estimation of Business Performance in 2020Warning and explanation of the prediction that the cumulative net profit from the beginning of the year to the end of thenext reporting period may be a loss or a significant change compared the same period of last year
□ Applicable √ Not applicable
VII. Major contracts in daily operations
□ Applicable √ Not applicable
VIII. Entrusted Financing
√ Applicable □ Not applicable
Unit: ten thousand RMB
Specific type | Funding source | Entrusted amount | Unexpired balance | Overdue outstanding amount |
Structured deposits | Equity Fund | 90,000 | 10,000 | |
Total | 90,000 | 10,000 |
Specific matters on high-risk entrusted capital management with a large amount for a single item, or with low security,poor liquidity and no capital preservation guarantee.
√ Applicable □ Not applicable
Unit: ten thousand RMB
Name of trustee organi | Trustee organization (or | Product type | Amount | Capital Source | Starting date | Termination date | Investment direction | Payment determination | Reference for annualized | Expected earnings (if any) | Actual profit and loss | Actual recovery of | Amount of provision for impair | Whether it passed | Whether there | Item overview and related query |
zation (or name of trustee) | trustee) type | method | rate of return | during the reporting period | profits and losses during the reporting period | ment accrued (if any) | the legal procedures | will be entrusted financial plan in the future | index (if any) | |||||||
Agricultural Bank of China | Bank | Structured deposits | 10,000 | Equity Fund | May 20, 2020 | December 29, 2020 | By contract | 3.60% | Unexpired | Yes | Yes | The "Announcement on Purchase of Bank Wealth Management Products with Own Funds" (Announcement No.: 2020-025) is published on www.cninfo.com.cn on April 3, 2020. | ||||
China Construction Bank | Bank | Structured deposits | 80,000 | Equity Fund | June 05, 2020 | September 03, 2020 | By contract | 3.70% | 712.83 | Recovered at expiration | Yes | Yes | ||||
Total | 90,000 | -- | -- | -- | -- | -- | -- | 712.83 | -- | -- | -- | -- |
Cases of entrusted financing expected to be unable to recover the principal or cases that may result in impairment
□ Applicable √ Not applicable
IX. Illegal external guarantees
□ Applicable √ Not applicable
No illegal external guarantees during the reporting period.
X. Non-operational capital occupation over listed companies by controllingshareholders and their related parties
□ Applicable √ Not applicable
During the reporting period, there is no non-operational capital occupation over listed companies by controllingshareholders and their related parties.XI. Registration form for reception of research, communication, interviews, and otheractivities during the reporting period
√ Applicable □ Not applicable
Reception Time | Reception location | Reception Method | Reception target type | Reception objects | Main content of the discussion and the information provided | Index of the basic information of research |
January 07, 2020 | Company meeting room | Field Investigation | Institution | Everbright PGIM Fund Management; Haitong self-operated fund; First-trust Fund Management; Nuode Fund Management; Century Asset Management; Citicprufunds; Fullgoal Fund; Guoyuan Securities; Bank of China Investment Management; Trend Investment; Renbu Investment; Shengqi Assets; Gortune Investment; Haitong Securities | Communicated on the Company’s products, solutions, and key technology investment directions. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
January 16, 2020 | Company meeting room | Field Investigation | Institution, individual | UBS Securities; Employees Provident Fund; UBS Asset; Point72 Asset; UBS Wealth; Fullerton Fund; Allianz Global Investors; IvyRock Asset; Franklin Templeton; Kasikorn Asset; Mirae Asset Management; Nomura Asset; Nippon Life Insurance; Permodalan Nasional; Berhad; SCB Asset Management; Sumitomo Mitsui DS Asset; Veritas Investment; PAG; Willing Capital; Pinpoint Asset; Q Fund; Neo Criterion Capital; UG Investment; Bell Asset; Artisan Partners; Cathay Securities Investment Trust; Franklin Templeton; GF Fund; Pala Investments; Pine Summit; Luxence Capital; Qilin Asset; Maitri Asset; | Communicated on the business condition of the Company and the strategic orientation of development. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
Horeal Investment; Jin Round Asset; GF Securities; Xu Shuli; Sang Hong | ||||||
January 17, 2020 | Company meeting room | Field Investigation | Institution | E Fund | Communicated on the business condition of the Company and the strategic orientation of development. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
February 28, 2020 | Company meeting room | Telephone communication | Institution, individual | Bridge River Capital; Essence Fund; CCBI Securities; Essence Securities; CLSA; Hangzhou White Rhino Asset Management; Chongyang Investment; AEON Insurance Asset Management; Elephas Investment; Baoying Fund; Franklin Templeton; Chengsheng Investment; HSBC; Purest Invest; IDG Capital; Stoneylake Assets; JQ Asset; Yaode Investment; Manulife; Beixin Ruifeng Fund; Orchid Asia; Green Court Capital; Power Corporation of Canada; Dacheng Fund; Samsung AM; Dajia Insurance Group; Schroders; Shanghai Dajia Asset Management; Trivest; Dayu Investment; TT Fund; Changde Dekun Asset Management; UBS; Dingxin Great Wall Fund; Willing Capital; Dingtian Investment; Fidelity International; Goldman Sachs; Gaoguan Investment; Everbright PGIM Fund; Yiheng Capital; Oriental Alpha Fund; Binyuan Capital; Oriental Harbor Investment Fund; Hangzhou Bingcheng Asset Management; Orient Fund; Shanghai Caitong Asset Management; Orient Securities; Ivy Assets; COAMC; Chensheng Assets; Soochow Fund; Chen Xiang Investment; Soochow Life Insurance; Shanghai Chengshi Asset Management; Dongxing Fund; Guangzhou Bingshen Investment; East Asia Qianhai Securities; Founder Securities; Dunyi Assets; Fujian Zheyuan Assets; Fangyuan Fund; Pramerica FOSUN Life Insurance; | Communicated on the planning and goals for the future development, the management reform, and the influence of the “Entity List” on the Company. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
Juxin Holdings; Qingding Assets; Jueyuan Investment; Capital Securities; Jundao Assets; Xiamen International Trade Group; Junhe Capital; PinPOINT Investment; Wideview Asset; Botong Investment; Lexiang Wealth; Shanghai Amyfund Management; Lijing Capital; Seastar Asset; Luopan Capital; Shanghai Hantan Capital; Macquarie Securities; Haoqing Asset Management; Minsheng Securities; Shanghai JiYuan Asset Management; JP Morgan; Shanghai Lizhen Investment; Morgan Stanley; Brilliant Fortune; Lion Fund; Shanghai Maiqike Co., Ltd.; Nuode Fund; Shanghai Senjin Investment; CSOP Asset Management; Shanghai Snowball Capital Management; Nanhua Fund; Shanghai Yingshui Investment; ABC-CA Fund Management; IDEO; Panjing Investment; Topfund Investment; Penghua Fund Management; Shanghai Securities; Ping An Securities; China International Fund Management; Ping An Securities Asset Management Department; Shenwan Hongyuan Securities; Ping An Fund; Shenzhen Hillview Capital Management; Ping An Bank; Xishan Capital; Shenzhen Valuebed Investment Ltd.; Alphalex Capital Management Limited; Shenzhen Jinyang Investment Fund; Mega Trust; Shenzhen Intewise Capital; Shun Shi International Investment; Shenzhen Longteng Asset Management; CPIC; Tianfeng Securities; Flying Tiger; Taikang Asset; Yide Investment; First-trust Fund; Yinhao Capital; Wanlian Securities; Yinhua Fund; Wanggong Assets; Ginkgo Global Partners; Atlantis Investment; Yingda Securities; Li Lailun; Lv Weizhi; Wu Da; Zhou Hang; Zhang Zuoxing; Deng Huanyu; Cheng Wei; Hu Fei; Liu Rongzeng; Wang Pingran | ||||||
April 3, 2020 | Company meeting room | Telephone comm | Institution, individu | BROAD PEAK; Willing Capital; Citi; Aberdeen Standard Investments; CLSA; Essence Securities; Compass Capital; | Communicated on the businesses at | For more information, please see the |
unication | al | Chengsheng Investment; cyberatlas capital; Fengpei Capital LLC; IDC; APS Investment; Manulife; Green Court Capital; NSR; Binyuan Capital; Omdia; North Industries Group Finance Company Ltd.; Uob; Botong Investment; Boyuan Fund Management; Dajia Asset Management; Cailian Press; Dazheng Asset Management; Ivy Assets; Springs Capital; Chensheng Asset; Franklin Templeton Investments; Chen Xiang Investment; DJ Capital; Chengtong Fund Management; Dingtian Investment; Chuancai Securities; Oriental Alpha Fund; TruValue Asset Management; Orient Fund; Purekind Fund; Eastern Marathon; Dacheng Fund; Orient Securities; Orient Securities Assets Management; Donghai Funds; Dongrong Private Equity Fund Management Co., Ltd.; Gaosheng Asset Management; Soochow Life Insurance; Geyi Investment Management; East Asia Qianhai Securities; ICBC International; Oceanwide Investment; GF Fund Management; Founder Securities; Guangfa Securities; Shenzhen Hillview Capital Management; Guangzheng Hang Seng Securities; Fuanda Fund; Shinecapital Partnership; Fubon Securities; Guodu Securities; Fidelity International; Gfund; Goldman Sachs; CPIC Fund Management; Guolian Life Insurance; Hanlun Investment; Gowin AMC; Hawking Capital Management; Guosheng Securities; Hangzhou Binghuai Asset Management; China Life AMP Asset Management; Hangzhou Long Assets; Guotai Asset Management; Hangzhou Weili; Guotai Junan Securities; Hekun Asset; CRHC; Hony Horizon Fund; Guoyuan Securities; Hongta Securities; Haicheng Investment; Hotland Innovation Asset Management; Haitong Securities; Hongsheng Asset Management; Hongjia Fund; HSBC Jintrust Fund Management; Huaan Securities; HSBC Bank; Huachen | home and abroad and the influence of the pandemic on the Company. No information was provided. | investor relations activity list in http://www.cninfo.com.cn |
Zhongtai Securities; CITIC Private Equity Funds Management; CITIC Prudential Life; China Securities; CITIC Capital; China Bond; BOC International; Chongyang Investment; CRAMC; Rosefinch Fund; CITIC Securities; Ning Shuang; Song Jun; Chen Ji; Deng Changqing; Gu Youping; Huang Zihan; Lin Hongbo; Lu Wei; Wang Pingran; Xie Xincang; Xu Zihao; Lin Kai | ||||||
April 28, 2020 | Company meeting room | Telephone communication | Institution, individual | Esr Invensment; JP Morgan; Franklin Templeton; Morgan Stanley Real Estate Fund; SCHRODERS; Norway Sovereign Wealth Fund; Torq Capital Management; Penghua Fund Management; Aberdeen Standard Investments; Capital Securities; Essence Securities; Ren Bridge Asset Management; APS Investment; Brilland Capital; Green Court Capital; Ruifeng; Binyuan Capital; UBP Asset Management Asia Limited; Bingshen Investment; Credit Suisse; Purekind Fund; Credit Suisse Securities; Datong Investment; UBS; Dacheng Fund; Foresight Fund; DJ Capital; Cephei Capital Management (Hong Kong) Limited; Dingtian Investment; Sumitomo Mitsui Asset Management; Orient Fund; Shanyuan Investment Management; Orient Securities; Botong Investment; Dongxing Securities; CS Capital; Dongxing Securities; Wideview Asset; Fangyuan Tiancheng Asset Management; Linfu Investment Management; Founder Securities; Purest Assets; Shenzhen Hillview Capital Management; Shanghai Senjin Investment; Fuanda Fund; Shanghai Tanyi; Fordham Funds Management Company; Shanghai Yijinghui Asset Management; Goldman Sachs; Shanghai Zhongyu Investment; Gosuncn Technology; Chasecloud Asset; Everbright Securities; China International Fund Management; Guangdong Baoxin Assets; Shangke Investment; Guangfa Securities; Shenwan Hongyuan Securities Research; Guangzheng Hang Seng | Communicated on the enhancement of the Company’s competitiveness, and the transformation and layout of the Company for the future. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
CITIC Capital; Chen Dazhang; Chen Ji; Ji Xinyue | ||||||
May 12, 2020 | Company meeting room | Field Investigation | Institution, individual | Jintai Futures; Zhonglian Asset Management; Chuancai Securities; Yujun Venture Capital Management; Shanghai Kaifan Investment Management; Ruoxi Investment Management; Caitong Securities; Hangzhou Zhongyu Investment Management; Shanghai Jianlong Asset Management; Hangzhou Long Assets; Chasecloud Asset; Mingyue Asset Management; Guanglong Investment; Wang Huanming; Luo Yichen | Communicated on the influence of infrared temperature detection products on the business and the internal reform of the Company. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
September 4, 2020 | Company meeting room | Field Investigation | Institution | Haitong International Securities Group; Orchid Asia; Malaysian Government Investment; Q Fund; Heqi Investment | Communicated on the business and financial condition of the Company. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
September 7, 2020 | Company meeting room | Field Investigation | Institution | Zheshang Fund; Wukong Investment; Kaifeng Investment; Chuancai Securities; China International Fund Management; Tong'an Investment; Guosen Securities; Jingling Fund; BOC International; Shenzhen Hillview Capital Management; Sino Life AMC; Rongtong Fund; Guotai Junan Securities | Communicated on the business and financial condition of the Company. No information was provided. | For more information, please see the investor relations activity list in http://www.cninfo.com.cn |
Section IV Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
September 30, 2020
Unit: RMB
Item | September 30, 2020 | December 31, 2019 |
Current Assets: | ||
Cash and Bank Balances | 4,973,315,668.21 | 3,084,428,970.43 |
Deposit Reservation for Balance | ||
Loans to Banks and Other Financial Institutions | ||
Trading Financial Assets | 101,311,780.81 | |
Derivative Financial Assets | ||
Notes receivable | ||
Accounts receivable | 11,891,637,657.33 | 13,241,196,380.65 |
Receivables Financing | 933,642,435.52 | 1,086,017,357.90 |
Prepayments | 133,288,396.34 | 128,182,099.47 |
Premium Receivable | ||
Reinsurance Accounts Receivable | ||
Reinsurance Contract Reserves Receivable | ||
Other Receivables | 899,674,638.18 | 408,776,610.17 |
Including: interest receivable | ||
Dividends Receivable | ||
Buying Back the Sale of Financial Assets | ||
Inventory | 5,101,544,457.02 | 3,839,810,704.33 |
Contract Assets | 67,504,163.31 | |
Holding for-sale assets |
Non-current Assets Due within 1 Year | 908,638,473.18 | 630,717,329.58 |
Other Current Assets | 753,797,857.40 | 556,311,770.08 |
Subtotal of Current Assets | 25,764,355,527.30 | 22,975,441,222.61 |
Non-current Assets: | ||
Granting of loans and advances | ||
Investment in Creditor's Rights | ||
Investment in Other Creditor's Rights | ||
Long-term Receivables | 2,133,221,838.79 | 2,568,442,030.19 |
Long-term Equity Investment | 466,862,591.06 | 490,731,236.85 |
Investment in Other Equity Instruments | ||
Other Non-current Financial Assets | 189,937,851.78 | 67,213,489.43 |
Investment Property | 330,562,474.78 | 336,181,589.99 |
Fixed Assets | 1,485,775,957.02 | 1,522,463,368.83 |
Projects under Construction | 951,858,531.00 | 435,757,406.90 |
Productive Biological Assets | ||
Oil and gas assets | ||
Right-of-use Assets | ||
Intangible Assets | 407,259,993.53 | 411,758,785.31 |
Development Expenditure | ||
Goodwill | 42,685,490.30 | 42,685,490.30 |
Long-term Prepaid Expenses | 33,334,263.25 | 37,311,198.19 |
Deferred Income Tax Assets | 730,012,719.53 | 668,058,558.83 |
Other Non-current Assets | 19,136,289.12 | 8,605,835.50 |
Subtotal of Non-current Assets | 6,790,648,000.16 | 6,589,208,990.32 |
Total Assets | 32,555,003,527.46 | 29,564,650,212.93 |
Current Liabilities: | ||
Short-term loan | 600,354,375.01 | 400,323,888.90 |
Borrowings from the Central Bank | ||
Borrowings from Banks and Other Financial Institutions | ||
Transactional financial liabilities |
Derivative Financial Liabilities | ||
Notes Payable | 2,117,359,016.13 | 3,807,292,795.07 |
Accounts Payable | 5,248,462,079.91 | 4,290,253,501.81 |
Received Prepayments | 375,521,795.82 | |
Contract liabilities | 708,604,476.22 | |
Financial Assets Sold for Repurchase | ||
Deposit Taking and Interbank Deposit | ||
Receiving from Vicariously Traded Securities | ||
Receiving from Vicariously Sold Securities | ||
Payroll payable | 1,192,433,288.65 | 1,582,368,359.30 |
Tax Payable | 615,226,447.64 | 813,357,471.37 |
Other Payables | 923,027,707.66 | 1,163,915,713.24 |
Including: interest payable | ||
Dividends Payable | 13,213,039.80 | 9,454,479.13 |
Service Charge and Commission Payable | ||
Reinsurance Accounts Payable | ||
Holding for-sale liabilities | ||
Non-current Liabilities Due within 1 Year | 427,059,297.25 | 26,993,755.57 |
Other Current Liabilities | 97,960,782.01 | 71,233,107.93 |
Subtotal of Current Liabilities | 11,930,487,470.48 | 12,531,260,389.01 |
Non-current Liabilities: | ||
Insurance Contract Reserves | ||
Long-term loan | 878,500,000.00 | 153,500,000.00 |
Bonds Payable | ||
Including: Preferred Stocks | ||
Perpetual Bonds | ||
Lease Liabilities | ||
Long-term Payables | ||
Long-term payroll payable | ||
Expected Liabilities | 303,569,688.96 | 303,670,887.50 |
Deferred Income | 112,179,198.19 | 117,210,761.34 |
Deferred Income Tax Liabilities | 50,591,063.64 | 50,565,095.68 |
Other Non-current Liabilities | 367,093,261.92 | 432,275,367.74 |
Subtotal of Non-current Liabilities | 1,711,933,212.71 | 1,057,222,112.26 |
Total Liabilities | 13,642,420,683.19 | 13,588,482,501.27 |
Shareholders' Equity: | ||
Share Capital | 2,996,642,850.00 | 3,003,713,230.00 |
Other Equity Instruments | ||
Including: Preferred Stocks | ||
Perpetual Bonds | ||
Capital Reserves | 1,851,052,525.03 | 1,882,855,119.53 |
Less: Treasury Share | 590,524,304.56 | 1,057,584,258.31 |
Other Comprehensive Incomes | 38,830,238.26 | 12,308,276.23 |
Special Reserves | ||
Surplus Reserves | 1,553,691,005.92 | 1,553,691,005.92 |
General Risk Reserves | ||
Undistributed Profits | 12,677,030,852.16 | 10,248,023,654.54 |
Total Shareholders' Equity Attributable to the Parent Company | 18,526,723,166.81 | 15,643,007,027.91 |
Minority Shareholders' Equity | 385,859,677.46 | 333,160,683.75 |
Total Shareholders' Equity | 18,912,582,844.27 | 15,976,167,711.66 |
Total Liabilities and Shareholders' Equity | 32,555,003,527.46 | 29,564,650,212.93 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
2. Balance Sheet of the Parent Company
Unit: RMB
Item | September 30, 2020 | December 31, 2019 |
Current Assets: | ||
Cash and Bank Balances | 1,407,537,170.46 | 890,598,735.62 |
Trading Financial Assets | ||
Derivative Financial Assets | ||
Notes receivable | ||
Accounts receivable | 3,866,379,489.85 | 8,450,364,515.05 |
Receivables Financing | 231,916,420.39 | 841,427,888.19 |
Prepayments | 37,043,037.09 | 30,501,431.44 |
Other Receivables | 12,807,125,462.65 | 5,138,830,912.64 |
Including: interest receivable | ||
Dividends Receivable | ||
Inventory | 202,217,960.77 | 124,904,729.01 |
Contract Assets | ||
Holding for-sale assets | ||
Non-current Assets Due within 1 Year | 57,697,158.10 | 53,952,526.19 |
Other Current Assets | 220,190,947.89 | 21,919,487.88 |
Subtotal of Current Assets | 18,830,107,647.20 | 15,552,500,226.02 |
Non-current Assets: | ||
Investment in Creditor's Rights | ||
Investment in Other Creditor's Rights | ||
Long-term Receivables | 133,499,230.11 | 137,284,594.67 |
Long-term Equity Investment | 3,605,230,129.72 | 3,523,259,061.78 |
Investment in Other Equity Instruments | ||
Other Non-current Financial Assets | 185,703,750.03 | 62,979,387.68 |
Investment Property | 174,624,532.77 | 187,756,594.11 |
Fixed Assets | 565,375,861.59 | 536,909,246.66 |
Projects under Construction | 401,101,520.49 | 203,836,998.96 |
Productive Biological Assets | ||
Oil and gas assets | ||
Right-of-use Assets | ||
Intangible Assets | 158,007,956.58 | 168,215,377.39 |
Development Expenditure | ||
Goodwill | ||
Long-term Prepaid Expenses | 21,676,594.42 | 26,687,122.32 |
Deferred Income Tax Assets | 122,102,330.97 | 131,503,372.44 |
Other Non-current Assets | 2,092,042.58 | 1,964,757.00 |
Subtotal of Non-current Assets | 5,369,413,949.26 | 4,980,396,513.01 |
Total Assets | 24,199,521,596.46 | 20,532,896,739.03 |
Current Liabilities: | ||
Short-term loan | 600,354,375.01 | 400,323,888.90 |
Transactional financial liabilities | ||
Derivative Financial Liabilities | ||
Notes Payable | 284,269,924.97 | 302,168,249.70 |
Accounts Payable | 742,527,492.97 | 948,348,622.52 |
Received Prepayments | 181,462,746.37 | |
Contract liabilities | 80,826,755.99 | |
Payroll payable | 819,159,015.21 | 1,078,396,381.39 |
Tax Payable | 421,295,694.53 | 460,577,509.52 |
Other Payables | 982,020,349.62 | 1,363,740,346.75 |
Including: interest payable | ||
Dividends Payable | 13,213,039.80 | 9,454,479.13 |
Holding for-sale liabilities | ||
Non-current Liabilities Due within 1 Year | 400,605,000.00 | |
Other Current Liabilities | 5,219,843.83 | 5,892,364.82 |
Subtotal of Current Liabilities | 4,336,278,452.13 | 4,740,910,109.97 |
Non-current Liabilities: | ||
Long-term loan | 750,000,000.00 | |
Bonds Payable | ||
Including: Preferred Stocks | ||
Perpetual Bonds | ||
Lease Liabilities | ||
Long-term Payables | ||
Long-term payroll payable | ||
Expected Liabilities | 8,532,408.04 | 9,735,157.34 |
Deferred Income | ||
Deferred Income Tax Liabilities | 3,520,357.01 | 1,297,719.64 |
Other Non-current Liabilities | 13,049,716.55 | 16,155,036.85 |
Subtotal of Non-current Liabilities | 775,102,481.60 | 27,187,913.83 |
Total Liabilities | 5,111,380,933.73 | 4,768,098,023.80 |
Shareholders' Equity: |
Share Capital | 2,996,642,850.00 | 3,003,713,230.00 |
Other Equity Instruments | ||
Including: Preferred Stocks | ||
Perpetual Bonds | ||
Capital Reserves | 1,839,927,321.61 | 1,867,489,901.04 |
Less: Treasury Share | 590,524,304.56 | 1,057,584,258.31 |
Other Comprehensive Incomes | ||
Special Reserves | ||
Surplus Reserves | 1,553,691,005.92 | 1,553,691,005.92 |
Undistributed Profits | 13,288,403,789.76 | 10,397,488,836.58 |
Total Shareholders' Equity | 19,088,140,662.73 | 15,764,798,715.23 |
Total Liabilities and Shareholders' Equity | 24,199,521,596.46 | 20,532,896,739.03 |
3. Consolidated Income Statement of This Reporting Period
Unit: RMB
Item | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
I. Total Operating Revenue | 6,327,875,819.49 | 5,621,668,726.34 |
Including: Operating Revenue | 6,327,875,819.49 | 5,621,668,726.34 |
Interest Income | ||
Earned Premiums | ||
Service Charge and Commission Income | ||
II. Total Operating Cost | 6,010,421,371.39 | 5,191,296,726.66 |
Including: Operating Cost | 3,793,778,948.43 | 3,253,454,590.62 |
Interest Expenditures | ||
Service Charge and Commission Expenses | ||
Surrender Value | ||
Net Claims Paid | ||
The Net Amount Withdrawn for Insurance Liability Reserves | ||
Policyholder Dividend Expense |
Reinsurance Cost | ||
Taxes and Surcharges | 46,083,242.90 | 37,126,748.19 |
Sales Expenses | 996,040,994.43 | 1,000,254,942.06 |
Administration Expenses | 204,814,956.72 | 212,675,785.58 |
Research and Development Expenses | 771,449,755.39 | 777,438,286.97 |
Financial Expenses | 198,253,473.52 | -89,653,626.76 |
Including: interest expenses | 15,403,536.68 | 34,207,254.30 |
Interest Income | 36,273,435.61 | 54,494,942.28 |
Add: Other income | 236,103,588.49 | 194,077,637.71 |
Investment Income (Mark "-" for Loss) | 1,108,809,738.32 | 18,610,281.21 |
Including: Investment Income from Affiliates and Joint Ventures | -32,422,921.88 | -60,323.75 |
Profits from recognition Termination of Financial Assets at Amortized Cost | ||
Exchange Gains (Mark "-" for Losses) | ||
Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
Incomes from changes in fair value (losses marked with "-") | -1,120,000.01 | -7,039,656.80 |
Credit Impairment Losses (Mark "-" for Loss) | -129,316,138.20 | -51,555,026.88 |
Asset Impairment Losses (Mark "-" for Loss) | -63,389,628.15 | -1,503,079.62 |
Asset Disposal Income (Mark "-" for Loss) | 58,059.67 | -30,929.16 |
III. Operating Profit (Mark "-" for Loss) | 1,468,600,068.22 | 582,931,226.14 |
Add: Non-operating Revenues | 1,975,998.66 | 3,152,484.26 |
Less: Non-operating Expenses | 1,107,138.92 | 352,012.78 |
IV. Total Profit (Mark "-" for Total Loss) | 1,469,468,927.96 | 585,731,697.62 |
Less: Income Tax Expense | 21,515,416.81 | -40,088,484.83 |
V. Net Profit (Mark "-" for Net Loss) | 1,447,953,511.15 | 625,820,182.45 |
i. Classified by operation continuity | ||
1. Net Profit as a Going Concern (Mark "-" for Net Loss) | 1,447,953,511.15 | 625,820,182.45 |
2. Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
ii. Classified by the attribution of ownership | ||
1. Net Profit Attributable to the Parent Company's Owner | 1,456,149,999.41 | 638,471,475.06 |
2. Minority Shareholders' Profit and Loss | -8,196,488.26 | -12,651,292.61 |
VI. Net Amount of Other Comprehensive Incomes after Tax | 24,683,216.60 | -4,707,760.24 |
Net Amount of Other Comprehensive Incomes after Tax Attributable to the Parent Company's Owner | 24,683,216.60 | -4,707,760.24 |
(1) Other comprehensive income that cannot be reclassified as P/L | ||
1. Re-measure the variation of the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to P/L under the equity method | ||
3. Changes in the fair value of investment in other equity instruments | ||
4. Changes in the fair value of the credit risk of the enterprise | ||
5. Others | ||
(2) Other comprehensive income that will be reclassified as P/L | 24,683,216.60 | -4,707,760.24 |
1. Other comprehensive income that can be transferred to P/L under the equity method | ||
2. Changes in the fair value of investment in other creditor's rights |
3. Financial assets reclassified into other comprehensive income | ||
4. Provisions for the credit impairment of investment in other creditor's rights | ||
5. Cash flow hedge reserves | ||
6. Currency translation difference | 24,683,216.60 | -4,707,760.24 |
7. Others | ||
Net Amount of Other Comprehensive Incomes After Tax Attributable to Minority Shareholders | ||
VII. Total Comprehensive Income | 1,472,636,727.75 | 621,112,422.21 |
Total Comprehensive Income Attributable to the Parent Company's Owner | 1,480,833,216.01 | 633,763,714.82 |
Total Comprehensive Income Attributable to Minority Shareholders | -8,196,488.26 | -12,651,292.61 |
VIII. Earnings per Share: | ||
(I) Basic Earnings per Share | 0.50 | 0.22 |
(II) Diluted Earnings per Share | 0.50 | 0.22 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
4. Income Statement of the Parent Company in This Reporting Period
Unit: RMB
Item | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
I. Operating Revenue | 2,210,187,678.77 | 2,083,600,346.73 |
Less: Operating Cost | 320,950,129.11 | 214,105,635.09 |
Taxes and Surcharges | 32,197,335.40 | 27,934,138.20 |
Sales Expenses | 409,931,829.81 | 484,641,161.29 |
Administration expenses | 116,917,539.16 | 130,526,564.44 |
Research and development expense | 579,568,253.78 | 649,266,390.42 |
Financial Expenses | 6,284,226.93 | 1,735,618.92 |
Including: interest expenses | 14,616,043.02 | 22,964,335.86 |
Interest Income | 10,238,963.41 | 21,446,503.60 |
Add: Other income | 185,793,214.17 | 133,795,590.92 |
Investment Income (Mark "-" for Loss) | 1,101,011,921.52 | 1,217,993.97 |
Including: Investment Income from Affiliates and Joint Ventures | -32,422,921.88 | 145,189.01 |
Profits from recognition Termination of Financial Assets at Amortized Cost | ||
Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
Incomes from changes in fair value (losses marked with "-") | -2,027,397.26 | |
Credit Impairment Losses (Mark "-" for Loss) | -34,072,268.45 | -5,976,465.73 |
Asset Impairment Losses (Mark "-" for Loss) | -1,862,743.39 | |
Asset Disposal Income (Mark "-" for Loss) | 102,554,030.89 | |
II. Operating Profit (Mark "-" for Loss) | 2,095,735,122.06 | 704,427,957.53 |
Add: Non-operating Revenues | 433,541.85 | 2,290,786.72 |
Less: Non-operating Expenses | 218,954.57 | 128,305.79 |
III. Total Profit (Mark "-" for Total Loss) | 2,095,949,709.34 | 706,590,438.46 |
Less: Income Tax Expense | 149,525,346.64 | -42,457,832.18 |
IV. Net Profit (Mark "-" for Net Loss) | 1,946,424,362.70 | 749,048,270.64 |
(I) Net Profit as a Going Concern (Mark "-" for Net Loss) | 1,946,424,362.70 | 749,048,270.64 |
(II) Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
V. Net Amount of Other Comprehensive Incomes After Tax | ||
(1) Other comprehensive income that cannot be reclassified |
as P/L | ||
1. Re-measure the variation of the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to P/L under the equity method | ||
3. Changes in the fair value of investment in other equity instruments | ||
4. Changes in the fair value of the credit risk of the enterprise | ||
5. Others | ||
(2) Other comprehensive income that will be reclassified as P/L | ||
1. Other comprehensive income that can be transferred to P/L under the equity method | ||
2. Changes in the fair value of investment in other creditor's rights | ||
3. Financial assets reclassified into other comprehensive income | ||
4. Provisions for the credit impairment of investment in other creditor's rights | ||
5. Cash flow hedge reserves | ||
6. Currency translation difference | ||
7. Others | ||
VI. Total Comprehensive Income | 1,946,424,362.70 | 749,048,270.64 |
VII. Earnings per Share: | ||
(I) Basic Earnings per Share | 0.67 | 0.26 |
(II) Diluted Earnings per Share | 0.67 | 0.26 |
5. Consolidated Income Statement from the Beginning of the Year to the End of the ReportingPeriod
Unit: RMB
Item | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
I. Total Operating Revenue | 16,166,204,673.11 | 16,428,235,097.23 |
Including: Operating Revenue | 16,166,204,673.11 | 16,428,235,097.23 |
Interest Income | ||
Earned Premiums | ||
Service Charge and Commission Income | ||
II. Total Operating Cost | 14,615,868,742.24 | 14,841,856,899.77 |
Including: Operating Cost | 8,893,029,099.00 | 9,696,883,741.65 |
Interest Expenditures | ||
Service Charge and Commission Expenses | ||
Surrender Value | ||
Net Claims Paid | ||
The Net Amount Withdrawn for Insurance Liability Reserves | ||
Policyholder Dividend Expense | ||
Reinsurance Cost | ||
Taxes and Surcharges | 101,226,426.00 | 101,317,597.41 |
Sales Expenses | 2,801,268,128.70 | 2,539,969,197.39 |
Administration expenses | 560,596,447.94 | 559,594,952.94 |
Research and development expense | 2,086,062,696.34 | 2,022,699,488.74 |
Financial Expenses | 173,685,944.26 | -78,608,078.36 |
Including: interest expenses | 52,037,364.71 | 110,544,575.72 |
Interest Income | 118,510,356.09 | 135,645,132.09 |
Add: Other income | 694,649,909.73 | 620,999,154.79 |
Investment Income (Mark "-" for Loss) | 1,076,630,992.13 | 12,919,278.92 |
Including: Investment | -76,758,388.98 | -608,947.68 |
Income from Affiliates and Joint Ventures | ||
Profits from recognition Termination of Financial Assets at Amortized Cost | ||
Exchange Gains (Mark "-" for Losses) | ||
Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
Incomes from changes in fair value (losses marked with "-") | 15,889,143.16 | 38,409,531.36 |
Credit Impairment Losses (Mark "-" for Loss) | -217,078,819.11 | -215,236,533.37 |
Asset Impairment Losses (Mark "-" for Loss) | -105,692,735.50 | -100,277,266.24 |
Asset Disposal Income (Mark "-" for Loss) | 68,366.98 | 417,686.67 |
III. Operating Profit (Mark "-" for Loss) | 3,014,802,788.26 | 1,943,610,049.59 |
Add: Non-operating Revenues | 8,100,433.16 | 11,666,319.32 |
Less: Non-operating Expenses | 13,141,979.08 | 1,709,111.33 |
IV. Total Profit (Mark "-" for Total Loss) | 3,009,761,242.34 | 1,953,567,257.58 |
Less: Income Tax Expense | 191,074,833.54 | 123,084,881.14 |
V. Net Profit (Mark "-" for Net Loss) | 2,818,686,408.80 | 1,830,482,376.44 |
i. Classified by operation continuity | ||
1. Net Profit as a Going Concern (Mark "-" for Net Loss) | 2,818,686,408.80 | 1,830,482,376.44 |
2. Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
ii. Classified by the attribution of ownership | ||
1. Net Profit Attributable to the Parent Company's Owner | 2,825,124,363.85 | 1,877,352,423.80 |
2. Minority Shareholders' Profit and Loss | -6,437,955.05 | -46,870,047.36 |
VI. Net Amount of Other Comprehensive Incomes after Tax | 26,522,004.96 | -5,425,937.54 |
Net Amount of Other Comprehensive Incomes after Tax | 26,521,962.03 | -5,426,015.84 |
Attributable to the Parent Company's Owner | ||
(1) Other comprehensive income that cannot be reclassified as P/L | ||
1. Re-measure the variation of the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to P/L under the equity method | ||
3. Changes in the fair value of investment in other equity instruments | ||
4. Changes in the fair value of the credit risk of the enterprise | ||
5. Others | ||
(2) Other comprehensive income that will be reclassified as P/L | 26,521,962.03 | -5,426,015.84 |
1. Other comprehensive income that can be transferred to P/L under the equity method | ||
2. Changes in the fair value of investment in other creditor's rights | ||
3. Financial assets reclassified into other comprehensive income | ||
4. Provisions for the credit impairment of investment in other creditor's rights | ||
5. Cash flow hedge reserves | ||
6. Currency translation difference | 26,521,962.03 | -5,426,015.84 |
7. Others | ||
Net Amount of Other Comprehensive Incomes After Tax Attributable to Minority Shareholders | 42.93 | 78.30 |
VII. Total Comprehensive Income | 2,845,208,413.76 | 1,825,056,438.90 |
Total Comprehensive Income Attributable to the Parent Company's Owner | 2,851,646,325.88 | 1,871,926,407.96 |
Total Comprehensive Income Attributable to Minority Shareholders | -6,437,912.12 | -46,869,969.06 |
VIII. Earnings per Share: | ||
(I) Basic Earnings per Share | 0.97 | 0.64 |
(II) Diluted Earnings per Share | 0.97 | 0.64 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
6. Income Statement of the Parent Company from the Beginning of the Year to the End of theReporting Period
Unit: RMB
Item | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
I. Operating Revenue | 5,835,173,008.72 | 5,364,804,306.59 |
Less: Operating Cost | 785,249,699.32 | 583,454,039.07 |
Taxes and Surcharges | 69,983,217.94 | 71,739,441.76 |
Sales Expenses | 1,173,787,416.79 | 1,259,338,762.54 |
Administration expenses | 326,762,154.36 | 325,035,065.38 |
Research and development expense | 1,626,838,897.91 | 1,696,538,553.42 |
Financial Expenses | 11,918,445.89 | 34,135,408.00 |
Including: interest expenses | 47,127,352.26 | 74,893,547.70 |
Interest Income | 39,268,539.30 | 43,417,611.31 |
Add: Other income | 570,450,734.74 | 522,021,134.08 |
Investment Income (Mark "-" for Loss) | 1,063,377,259.88 | 10,958,084.29 |
Including: Investment Income from Affiliates and Joint Ventures | -77,575,289.88 | 138,092.47 |
Profits from recognition Termination of Financial Assets at Amortized Cost | ||
Profit of Net Exposure Hedging (Mark "-" for Loss) |
Incomes from changes in fair value (losses marked with "-") | 14,577,362.35 | |
Credit Impairment Losses (Mark "-" for Loss) | -39,746,220.63 | -16,577,286.08 |
Asset Impairment Losses (Mark "-" for Loss) | -6,559,191.25 | |
Asset Disposal Income (Mark "-" for Loss) | 102,564,030.90 | 230,024.34 |
II. Operating Profit (Mark "-" for Loss) | 3,545,297,152.50 | 1,911,194,993.05 |
Add: Non-operating Revenues | 3,406,493.25 | 4,766,879.62 |
Less: Non-operating Expenses | 6,274,640.59 | 828,984.67 |
III. Total Profit (Mark "-" for Total Loss) | 3,542,429,005.16 | 1,915,132,888.00 |
Less: Income Tax Expense | 255,396,885.75 | 39,489,265.06 |
IV. Net Profit (Mark "-" for Net Loss) | 3,287,032,119.41 | 1,875,643,622.94 |
(I) Net Profit as a Going Concern (Mark "-" for Net Loss) | 3,287,032,119.41 | 1,875,643,622.94 |
(II) Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
V. Net Amount of Other Comprehensive Incomes After Tax | ||
(1) Other comprehensive income that cannot be reclassified as P/L | ||
1. Re-measure the variation of the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to P/L under the equity method | ||
3. Changes in the fair value of investment in other equity instruments | ||
4. Changes in the fair value of the credit risk of the enterprise | ||
5. Others | ||
(2) Other comprehensive income that will be reclassified as |
P/L | ||
1. Other comprehensive income that can be transferred to P/L under the equity method | ||
2. Changes in the fair value of investment in other creditor's rights | ||
3. Financial assets reclassified into other comprehensive income | ||
4. Provisions for the credit impairment of investment in other creditor's rights | ||
5. Cash flow hedge reserves | ||
6. Currency translation difference | ||
7. Others | ||
VI. Total Comprehensive Income | 3,287,032,119.41 | 1,875,643,622.94 |
VII. Earnings per Share: | ||
(I) Basic Earnings per Share | 1.13 | 0.64 |
(II) Diluted Earnings per Share | 1.13 | 0.64 |
7. Consolidated Cash Flow Statement from the Beginning of the Year to the End of the ReportingPeriod
Unit: RMB
Item | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
I. Cash Flow Generated by Operational Activities: | ||
Cash from Sales of Merchandise and Provision of Services | 19,198,302,426.38 | 16,730,049,636.83 |
Net Increase in Customer's Bank Deposits and Interbank Deposits | ||
Net Increase in Borrowings from the Central Bank | ||
Net Increase in Borrowings |
from Other Financial Institutions | ||
Cash Arising from Receiving Premiums for the Original Insurance Contract | ||
Net Amount Arising from Reinsurance Business | ||
Net Increase in Deposits and Investments from Policyholders | ||
Cash Arising from Interests, Service Charges and Commissions | ||
Net Increase in Borrowings from Banks and Other Financial Institutions | ||
Net Increase in Repurchase Business Funds | ||
Net Amount of Cash Received from the Vicariously Traded Securities | ||
Tax Refund | 1,572,217,203.40 | 1,273,067,692.84 |
Other Received Cashes Related to Operational Activities | 248,856,876.82 | 511,327,169.88 |
Subtotal of cash inflow from operational activities | 21,019,376,506.60 | 18,514,444,499.55 |
Cash Paid for Merchandise and Services | 12,357,110,067.90 | 12,421,483,664.69 |
Net Increase in Loans and Advances to Customers | ||
Net Increase in Deposits with Central Bank and Other Financial Institutions | ||
Cash Paid for Original Insurance Contract Claims | ||
Net increase of funds lent | ||
Cash Paid for Interests, Service Charges and Commissions | ||
Cash Paid for Policy Dividends | ||
Cash Paid to and for Employees | 4,412,528,770.59 | 3,597,447,707.85 |
Cash Paid for Taxes and | 1,602,848,395.17 | 1,266,038,737.35 |
Surcharges | ||
Other Paid Cashes Related to Operational Activities | 1,378,932,526.92 | 1,767,711,341.90 |
Subtotal of cash outflow from operational activities | 19,751,419,760.58 | 19,052,681,451.79 |
Net cash flow generated by operating activities | 1,267,956,746.02 | -538,236,952.24 |
II. Cash Flow from Investment Activities: | ||
Cash Arising from Disposal of Investments | 1,013,800,000.00 | |
Cash Arising from Investment Incomes | 15,466,185.40 | 10,459,991.82 |
Net Cash Arising from Disposal of Fixed Assets, Intangible Assets and Other Long-term Assets | 1,174,856.98 | 4,594,633.81 |
Net Cash Arising from Disposal of Subsidiaries and Other Business Units | 603,416,723.92 | |
Other Received Cashes Related to Investment Activities | 87,990,213.91 | 23,496,710.65 |
Subtotal of cash inflow from investment activities | 1,721,847,980.21 | 38,551,336.28 |
Cash Paid for Purchase and Construction of Fixed Assets, Intangible Assets and Other Long-term Assets | 418,198,952.95 | 382,519,246.62 |
Cash Paid for Investments | 1,495,244,946.22 | 13,200,000.00 |
Net Increase in Pledge Loans | ||
Net Cash Paid for Acquisition of Subsidiaries and Other Business Units | ||
Other Paid Cashes Related to Investment Activities | 88,139,757.17 | 26,708,528.22 |
Subtotal of cash outflow from investment activities | 2,001,583,656.34 | 422,427,774.84 |
Net amount of cash flow generated by investment activities | -279,735,676.13 | -383,876,438.56 |
III. Cash Flow from Financing |
Activities: | ||
Cash Arising from Absorbing Investments | 59,440,000.00 | 43,114,250.00 |
Including: Cash Arising from Subsidiaries Absorbing Investments by Minority Shareholders | 59,440,000.00 | 43,114,250.00 |
Cash Arising from Borrowings | 5,177,593,403.07 | 4,670,035,208.85 |
Other Received Cashes Related to Financing Activities | 3,210,646,359.16 | 1,040,932,000.04 |
Subtotal of cash inflow from financing activities | 8,447,679,762.23 | 5,754,081,458.89 |
Cash Paid for Debts Repayment | 3,852,221,214.55 | 3,921,105,318.52 |
Cash Paid for Distribution of Dividends and Profits or Payment of Interests | 435,782,912.96 | 381,086,344.23 |
Including: Dividends and Profits Paid to Minority Shareholders by Subsidiaries | ||
Other Paid Cashes Related to Financing Activities | 2,931,254,424.60 | 1,276,872,441.04 |
Subtotal of cash outflow from financing activities | 7,219,258,552.11 | 5,579,064,103.79 |
Net cash flow generated by financing activities | 1,228,421,210.12 | 175,017,355.10 |
IV. Impact of Fluctuation in Exchange Rate on Cash and Cash Equivalents | -85,940,173.22 | 44,026,137.84 |
V. Net Increase in Cash and Cash Equivalents | 2,130,702,106.79 | -703,069,897.86 |
Add: Cash and Cash Equivalents at the Commencement of the Period | 2,734,185,976.41 | 3,702,283,803.54 |
VI. Cash and Cash Equivalents at the End of the Period | 4,864,888,083.20 | 2,999,213,905.68 |
8. Cash Flow Statement of the Parent Company from the Beginning of the Year to the End of theReporting Period
Unit: RMB
Item | This Period's Amount of Occurrence | Previous Period's Amount of Occurrence |
I. Cash Flow Generated by Operational Activities: | ||
Cash from Sales of Merchandise and Provision of Services | 11,344,995,563.78 | 2,342,498,453.81 |
Tax Refund | 558,921,683.17 | 456,671,994.80 |
Other Received Cashes Related to Operational Activities | 97,708,194.94 | 106,391,951.81 |
Subtotal of cash inflow from operational activities | 12,001,625,441.89 | 2,905,562,400.42 |
Cash Paid for Merchandise and Services | 943,578,468.62 | 450,973,346.38 |
Cash Paid to and for Employees | 2,611,274,062.96 | 2,238,092,627.31 |
Cash Paid for Taxes and Surcharges | 940,216,994.36 | 872,684,753.09 |
Other Paid Cashes Related to Operational Activities | 657,173,548.89 | 840,812,247.82 |
Subtotal of cash outflow from operational activities | 5,152,243,074.83 | 4,402,562,974.60 |
Net cash flow generated by operating activities | 6,849,382,367.06 | -1,497,000,574.18 |
II. Cash Flow from Investment Activities: | ||
Cash Arising from Disposal of Investments | 1,613,700,000.00 | |
Cash Arising from Investment Incomes | 15,466,185.40 | 10,459,991.82 |
Net Cash Arising from Disposal of Fixed Assets, Intangible Assets and Other Long-term Assets | 88,113,940.15 | 14,376,371.57 |
Net Cash Arising from Disposal of Subsidiaries and Other Business Units | ||
Other Received Cashes Related to Investment Activities | 5,641,496.46 | 11,929,552.28 |
Subtotal of cash inflow from investment activities | 1,722,921,622.01 | 36,765,915.67 |
Cash Paid for Purchase and Construction of Fixed Assets, Intangible Assets and Other Long-term Assets | 194,655,200.01 | 157,802,380.37 |
Cash Paid for Investments | 1,540,611,918.00 | 123,185,750.00 |
Net Cash Paid for Acquisition of Subsidiaries and Other Business Units | ||
Other Paid Cashes Related to Investment Activities | ||
Subtotal of cash outflow from investment activities | 1,735,267,118.01 | 280,988,130.37 |
Net amount of cash flow generated by investment activities | -12,345,496.00 | -244,222,214.70 |
III. Cash Flow from Financing Activities: | ||
Cash Arising from Absorbing Investments | ||
Cash Arising from Borrowings | 3,478,639,728.69 | 1,963,462,853.53 |
Other Received Cashes Related to Financing Activities | 1,993,842,082.29 | 3,926,000,253.84 |
Subtotal of cash inflow from financing activities | 5,472,481,810.98 | 5,889,463,107.37 |
Cash Paid for Debts Repayment | 2,128,639,728.69 | 1,423,462,853.53 |
Cash Paid for Distribution of Dividends and Profits or Payment of Interests | 424,810,196.42 | 348,137,734.88 |
Other Paid Cashes Related to Financing Activities | 9,236,403,137.10 | 2,678,522,588.68 |
Subtotal of cash outflow from financing activities | 11,789,853,062.21 | 4,450,123,177.09 |
Net cash flow generated by financing activities | -6,317,371,251.23 | 1,439,339,930.28 |
IV. Impact of Fluctuation in Exchange Rate on Cash and Cash Equivalents | -150,480.91 | -243,602.64 |
V. Net Increase in Cash and Cash Equivalents | 519,515,138.92 | -302,126,461.24 |
Add: Cash and Cash Equivalents at the Commencement of the Period | 860,741,299.14 | 603,430,209.42 |
VI. Cash and Cash Equivalents at the End of the Period | 1,380,256,438.06 | 301,303,748.18 |
II. Adjustments to the Financial Statements
1. The company implemented new revenue standards and new leasing standards for the firsttime since 2020, and adjusted the items related to financial statements at the beginning of theyear.
√ Applicable □ Not applicable
Whether the accounts of the balance sheet at the beginning of the year shall be adjusted
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB
Item | December 31, 2019 | January 1, 2020 | Adjusted amount |
Current Assets: | |||
Cash and Bank Balances | 3,084,428,970.43 | 3,084,428,970.43 | |
Deposit Reservation for Balance | |||
Loans to Banks and Other Financial Institutions | |||
Trading Financial Assets | |||
Derivative Financial Assets | |||
Notes receivable | |||
Accounts receivable | 13,241,196,380.65 | 13,240,269,418.22 | -926,962.43 |
Receivables Financing | 1,086,017,357.90 | 1,086,017,357.90 | |
Prepayments | 128,182,099.47 | 143,212,500.49 | 15,030,401.02 |
Premium Receivable | |||
Reinsurance Accounts Receivable | |||
Reinsurance Contract Reserves Receivable |
Other Receivables | 408,776,610.17 | 408,776,610.17 | |
Including: interest receivable | |||
Dividends Receivable | |||
Buying Back the Sale of Financial Assets | |||
Inventory | 3,839,810,704.33 | 3,839,810,704.33 | |
Contract Assets | 926,962.43 | 926,962.43 | |
Holding for-sale assets | |||
Non-current Assets Due within 1 Year | 630,717,329.58 | 630,717,329.58 | |
Other Current Assets | 556,311,770.08 | 569,164,987.09 | 12,853,217.01 |
Subtotal of Current Assets | 22,975,441,222.61 | 23,003,324,840.64 | 27,883,618.03 |
Non-current Assets: | |||
Granting of loans and advances | |||
Investment in Creditor's Rights | |||
Investment in Other Creditor's Rights | |||
Long-term Receivables | 2,568,442,030.19 | 2,568,442,030.19 | |
Long-term Equity Investment | 490,731,236.85 | 490,731,236.85 | |
Investment in Other Equity Instruments | |||
Other Non-current Financial Assets | 67,213,489.43 | 67,213,489.43 | |
Investment Property | 336,181,589.99 | 336,181,589.99 | |
Fixed Assets | 1,522,463,368.83 | 1,522,463,368.83 | |
Projects under Construction | 435,757,406.90 | 435,757,406.90 | |
Productive Biological Assets | |||
Oil and gas assets |
Right-of-use Assets | |||
Intangible Assets | 411,758,785.31 | 411,758,785.31 | |
Development Expenditure | |||
Goodwill | 42,685,490.30 | 42,685,490.30 | |
Long-term Prepaid Expenses | 37,311,198.19 | 37,311,198.19 | |
Deferred Income Tax Assets | 668,058,558.83 | 668,058,558.83 | |
Other Non-current Assets | 8,605,835.50 | 8,605,835.50 | |
Subtotal of Non-current Assets | 6,589,208,990.32 | 6,589,208,990.32 | |
Total Assets | 29,564,650,212.93 | 29,592,533,830.96 | 27,883,618.03 |
Current Liabilities: | |||
Short-term loan | 400,323,888.90 | 400,323,888.90 | |
Borrowings from the Central Bank | |||
Borrowings from Banks and Other Financial Institutions | |||
Transactional financial liabilities | |||
Derivative Financial Liabilities | |||
Notes Payable | 3,807,292,795.07 | 3,807,292,795.07 | |
Accounts Payable | 4,290,253,501.81 | 4,290,253,501.81 | |
Received Prepayments | 375,521,795.82 | -375,521,795.82 | |
Contract liabilities | 334,045,746.26 | 334,045,746.26 | |
Financial Assets Sold for Repurchase | |||
Deposit Taking and Interbank Deposit | |||
Receiving from Vicariously Traded Securities | |||
Receiving from |
Vicariously Sold Securities | |||
Payroll payable | 1,582,368,359.30 | 1,582,368,359.30 | |
Tax Payable | 813,357,471.37 | 869,863,921.95 | 56,506,450.58 |
Other Payables | 1,163,915,713.24 | 1,163,915,713.24 | |
Including: interest payable | |||
Dividends Payable | 9,454,479.13 | 9,454,479.13 | |
Service Charge and Commission Payable | |||
Reinsurance Accounts Payable | |||
Holding for-sale liabilities | |||
Non-current Liabilities Due within 1 Year | 26,993,755.57 | 26,993,755.57 | |
Other Current Liabilities | 71,233,107.93 | 71,233,107.93 | |
Subtotal of Current Liabilities | 12,531,260,389.01 | 12,546,290,790.03 | 15,030,401.02 |
Non-current Liabilities: | |||
Insurance Contract Reserves | |||
Long-term loan | 153,500,000.00 | 153,500,000.00 | |
Bonds Payable | |||
Including: Preferred Stocks | |||
Perpetual Bonds | |||
Lease Liabilities | |||
Long-term Payables | |||
Long-term payroll payable | |||
Expected Liabilities | 303,670,887.50 | 316,524,104.51 | 12,853,217.01 |
Deferred Income | 117,210,761.34 | 117,210,761.34 | |
Deferred Income Tax Liabilities | 50,565,095.68 | 50,565,095.68 |
Other Non-current Liabilities | 432,275,367.74 | 432,275,367.74 | |
Subtotal of Non-current Liabilities | 1,057,222,112.26 | 1,070,075,329.27 | 12,853,217.01 |
Total Liabilities | 13,588,482,501.27 | 13,616,366,119.30 | 27,883,618.03 |
Shareholders' Equity: | |||
Share Capital | 3,003,713,230.00 | 3,003,713,230.00 | |
Other Equity Instruments | |||
Including: Preferred Stocks | |||
Perpetual Bonds | |||
Capital Reserves | 1,882,855,119.53 | 1,882,855,119.53 | |
Less: Treasury Share | 1,057,584,258.31 | 1,057,584,258.31 | |
Other Comprehensive Incomes | 12,308,276.23 | 12,308,276.23 | |
Special Reserves | |||
Surplus Reserves | 1,553,691,005.92 | 1,553,691,005.92 | |
General Risk Reserves | |||
Undistributed Profits | 10,248,023,654.54 | 10,248,023,654.54 | |
Total Shareholders' Equity Attributable to the Parent Company | 15,643,007,027.91 | 15,643,007,027.91 | |
Minority Shareholders' Equity | 333,160,683.75 | 333,160,683.75 | |
Total Shareholders' Equity | 15,976,167,711.66 | 15,976,167,711.66 | |
Total Liabilities and Shareholders' Equity | 29,564,650,212.93 | 29,592,533,830.96 | 27,883,618.03 |
Balance Sheet of the Parent Company
Unit: RMB
Item | December 31, 2019 | January 1, 2020 | Adjusted amount |
Current Assets: | |||
Cash and Bank Balances | 890,598,735.62 | 890,598,735.62 |
Trading Financial Assets | |||
Derivative Financial Assets | |||
Notes receivable | |||
Accounts receivable | 8,450,364,515.05 | 8,450,364,515.05 | |
Receivables Financing | 841,427,888.19 | 841,427,888.19 | |
Prepayments | 30,501,431.44 | 30,501,431.44 | |
Other Receivables | 5,138,830,912.64 | 5,138,830,912.64 | |
Including: interest receivable | |||
Dividends Receivable | |||
Inventory | 124,904,729.01 | 124,904,729.01 | |
Contract Assets | |||
Holding for-sale assets | |||
Non-current Assets Due within 1 Year | 53,952,526.19 | 53,952,526.19 | |
Other Current Assets | 21,919,487.88 | 21,919,487.88 | |
Subtotal of Current Assets | 15,552,500,226.02 | 15,552,500,226.02 | |
Non-current Assets: | |||
Investment in Creditor's Rights | |||
Investment in Other Creditor's Rights | |||
Long-term Receivables | 137,284,594.67 | 137,284,594.67 | |
Long-term Equity Investment | 3,523,259,061.78 | 3,523,259,061.78 | |
Investment in Other Equity Instruments | |||
Other Non-current Financial Assets | 62,979,387.68 | 62,979,387.68 | |
Investment Property | 187,756,594.11 | 187,756,594.11 | |
Fixed Assets | 536,909,246.66 | 536,909,246.66 |
Projects under Construction | 203,836,998.96 | 203,836,998.96 | |
Productive Biological Assets | |||
Oil and gas assets | |||
Right-of-use Assets | |||
Intangible Assets | 168,215,377.39 | 168,215,377.39 | |
Development Expenditure | |||
Goodwill | |||
Long-term Prepaid Expenses | 26,687,122.32 | 26,687,122.32 | |
Deferred Income Tax Assets | 131,503,372.44 | 131,503,372.44 | |
Other Non-current Assets | 1,964,757.00 | 1,964,757.00 | |
Subtotal of Non-current Assets | 4,980,396,513.01 | 4,980,396,513.01 | |
Total Assets | 20,532,896,739.03 | 20,532,896,739.03 | |
Current Liabilities: | |||
Short-term loan | 400,323,888.90 | 400,323,888.90 | |
Transactional financial liabilities | |||
Derivative Financial Liabilities | |||
Notes Payable | 302,168,249.70 | 302,168,249.70 | |
Accounts Payable | 948,348,622.52 | 948,348,622.52 | |
Received Prepayments | 181,462,746.37 | -181,462,746.37 | |
Contract liabilities | 160,586,501.21 | 160,586,501.21 | |
Payroll payable | 1,078,396,381.39 | 1,078,396,381.39 | |
Tax Payable | 460,577,509.52 | 481,453,754.68 | 20,876,245.16 |
Other Payables | 1,363,740,346.75 | 1,363,740,346.75 | |
Including: interest payable | |||
Dividends Payable | 9,454,479.13 | 9,454,479.13 |
Holding for-sale liabilities | |||
Non-current Liabilities Due within 1 Year | |||
Other Current Liabilities | 5,892,364.82 | 5,892,364.82 | |
Subtotal of Current Liabilities | 4,740,910,109.97 | 4,740,910,109.97 | |
Non-current Liabilities: | |||
Long-term loan | |||
Bonds Payable | |||
Including: Preferred Stocks | |||
Perpetual Bonds | |||
Lease Liabilities | |||
Long-term Payables | |||
Long-term payroll payable | |||
Expected Liabilities | 9,735,157.34 | 9,735,157.34 | |
Deferred Income | |||
Deferred Income Tax Liabilities | 1,297,719.64 | 1,297,719.64 | |
Other Non-current Liabilities | 16,155,036.85 | 16,155,036.85 | |
Subtotal of Non-current Liabilities | 27,187,913.83 | 27,187,913.83 | |
Total Liabilities | 4,768,098,023.80 | 4,768,098,023.80 | |
Shareholders' Equity: | |||
Share Capital | 3,003,713,230.00 | 3,003,713,230.00 | |
Other Equity Instruments | |||
Including: Preferred Stocks | |||
Perpetual Bonds | |||
Capital Reserves | 1,867,489,901.04 | 1,867,489,901.04 |
Less: Treasury Share | 1,057,584,258.31 | 1,057,584,258.31 | |
Other Comprehensive Incomes | |||
Special Reserves | |||
Surplus Reserves | 1,553,691,005.92 | 1,553,691,005.92 | |
Undistributed Profits | 10,397,488,836.58 | 10,397,488,836.58 | |
Total Shareholders' Equity | 15,764,798,715.23 | 15,764,798,715.23 | |
Total Liabilities and Shareholders' Equity | 20,532,896,739.03 | 20,532,896,739.03 |
2. Explanation of compared data before and after the adjustment according to the firstimplementation of the new revenue recognition standard and the new lease accounting standardin 2020
□ Applicable √ Not applicable
III. Audit ReportWhether the Q3 report has been audited.
□ Yes √ No
The Q3 report of the Company has not been audited yet.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
Chairman: Fu LiquanOctober 13, 2020