FIYTA HOLDINGS LTD.
2018 Third Quarterly Report
October, 2018
Section 1 Important Notice
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives herebyindividually and collectively accept responsibility for the correctness, accuracy and completeness of thecontents of this report and confirm that there are neither material omissions nor errors which would render anystatement misleading.All the directors attended the board meeting for reviewing the Quarterly Report.Huang Yongfeng, the Company leader, Chen Zhuo, chief financial officer, and Tian Hui, the manager of theaccounting department (treasurer) hereby confirm the authenticity and completeness of the financial reportenclosed in this Quarterly Report.
Section 2 Company Profile
I. Summary of Accounting/Financial DataDoes the Company need to make retroactive adjustment or restatement of the accounting data of the previous years?No
End of the reporting period | End of the previous year | Increase/decrease at the end of the year over the end of the previous year | ||||
Total assets (in CNY) | 3,617,355,221.85 | 3,579,789,692.90 | 1.05% | |||
Net profit attributable to the Company’s shareholders, in CNY | 2,551,130,509.85 | 2,467,967,361.20 | 3.37% | |||
Reporting period | Year-on-year increase/decrease in the reporting period | From the year beginning to the end of the reporting period | Increase/decrease from the year beginning to the end of the reporting period over the same period of the previous year | |||
Revenue in CNY | 868,796,654.10 | -0.84% | 2,564,688,086.82 | 3.60% | ||
Net profit attributable to the Company’s shareholders, in CNY | 50,293,172.83 | 0.91% | 162,661,094.27 | 19.12% | ||
Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY | 48,421,717.54 | -2.09% | 148,181,088.71 | 9.44% | ||
Net cash flows arising from operating activities, in CNY | -- | -- | 290,588,474.72 | -20.02% | ||
Basic earning per share (CNY/share) | 0.1146 | 0.88% | 0.3707 | 19.12% | ||
Diluted earning per share (CNY/share) | 0.1146 | 0.88% | 0.3707 | 19.12% | ||
Return on equity, weighted average | 2.09% | 4.05% | 6.55% | 15.59% |
Non-recurring gain/loss items and the amount involved
In CNY
Items | Amount from the year beginning to the end of the reporting period | Notes |
Gain/loss from disposal of non-current assets, including the part offset from the provision for impairment of assets. | -66,731.60 | |
Government subsidy credited to the current gain and loss (except the government subsidies closely related with the Company’s business and enjoyable according to the unified standard quota or fixed amount | 8,857,885.99 |
specified by the central government). | ||
Reversal of the provision for impairment of accounts receivable which underwent separate impairment testing | 7,533,121.86 | Recovery of the account receivable written off in the previous year |
Other various non-operating revenue and expenditure with the aforesaid items exclusive | -296.65 | |
Less: Amount affected by the income tax | 1,843,974.04 | |
Total | 14,480,005.56 | -- |
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on InformationDisclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses and its non-recurring
gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering
their Securities to the Public – Non-recurring Gains and Losses which have been defined as recurring gains and losses, it
is necessary to explain the reason.Inapplicable
II. Statement of total shareholders and shares held by the top 10 shareholders by the end of the reporting period1. Statement of total ordinary shareholders and the preferred shareholders with their voting power recovered and theshares held by the top 10 shareholders
In shares
Total common shareholders at the end of the reporting period | 32,369 | Total preferred shareholders with their voting power recovered at the end of the reporting period (if any) | 0 | |||||
Shareholding by top 10 shareholders | ||||||||
Names of the Shareholders | Nature of the shareholder | Shareholding proportion | Shareholding quantity | Number of the restricted shares held | Pledging or freezing | |||
Status of the shares | Quantity | |||||||
AVIC International Holding Limited | State corporate | 37.15% | 162,977,327 | 0 | ||||
Wan Zhongbo | Domestic natural person | 2.62% | 11,485,227 | 0 | ||||
National Social Security Fund 114 Portfolio | Domestic non-state-owned corporate | 2.20% | 9,657,744 | 0 | ||||
#Yang Zugui | Domestic natural person | 2.17% | 9,500,969 | 0 | ||||
Chongqing International Trust Co., Ltd. - RONGXINTONG | Domestic non-state-owned corporate | 1.39% | 6,120,391 | 0 |
Series Unitrust No.10 | ||||||
Chongqing International Trust Co., Ltd. - YUXIN Trust No.2 | Domestic non-state-owned corporate | 1.36% | 5,982,200 | 0 | ||
Xizang Investment Co., Ltd. | State corporate | 1.13% | 4,976,551 | 0 | ||
MANULIFE TEDA Fund- Minsheng Bank-MANULIFE TEDA Value Growth Oriented Additional Issue No. 351 Assets Management Program | Domestic non-state-owned corporate | 1.12% | 4,893,559 | 0 | ||
Industrial and Commercial Bank of China Co., Ltd. - FUGUO TIANHUI Selected Growth Growth Mixed Securities Investment Fund (LOF) | Domestic non-state-owned corporate | 0.95% | 4,177,282 | 0 | ||
Shenzhen Heli Fengyuan Commerce & Trade Co., Ltd. | Domestic non-state-owned corporate | 0.75% | 3,300,000 | 0 | ||
Shares held by top 10 shareholders of unrestricted shares | ||||||
Names of the Shareholders | Quantity of unrestricted shares held | Share type | ||||
Share type | Quantity | |||||
AVIC International Holding Limited | 162,977,327 | CNY ordinary shares | 162,977,327 | |||
Wan Zhongbo | 11,485,227 | CNY ordinary shares | 11,485,227 | |||
National Social Security Fund 114 Portfolio | 9,657,744 | CNY ordinary shares | 9,657,744 | |||
#Yang Zugui | 9,500,969 | CNY ordinary shares | 9,500,969 |
Chongqing International Trust Co., Ltd. - RONGXINTONG Series Unitrust No.10 | 6,120,391 | CNY ordinary shares | 6,120,391 |
Chongqing International Trust Co., Ltd. - YUXIN Trust No.2 | 5,982,200 | CNY ordinary shares | 5,982,200 |
Xizang Investment Co., Ltd. | 4,976,551 | CNY ordinary shares | 4,976,551 |
MANULIFE TEDA Fund- Minsheng Bank-MANULIFE TEDA Value Growth Oriented Additional Issue No. 351 Assets Management Program | 4,893,559 | CNY ordinary shares | 4,893,559 |
Industrial and Commercial Bank of China Co., Ltd. - FUGUO TIANHUI Selected Growth Growth Mixed Securities Investment Fund (LOF) | 4,177,282 | CNY ordinary shares | 4,177,282 |
Shenzhen Heli Fengyuan Commerce & Trade Co., Ltd. | 3,300,000 | CNY ordinary shares | 3,300,000 |
Explanation on associated relationship or consistent action of the above shareholders | Of the top 10 shareholders, both Chongqing International Trust Co., Ltd. - Rongxintong Serial Order - No. 10 Trust and Chongqing International Trust Co., Ltd. - YUXINTrust No. 2 are subsidiaries of Chongqing International Trust Co., Ltd. Both of them are holding 12,102,591 shares in total in the Company, which takes 2.76% of the Company's total shares. |
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractualrepurchase during the reporting period?No
2. Total preferred shareholders and the shares held by the top 10 preferred shareholdersInapplicable
Section 3 Significant Events
I. Changes of the major financial data and financial indicators during the reporting period and the causes(I) Balance sheet items
Items | Ending balance | Opening balance | Proportion of changes | Cause of the movement |
Notes receivable and accounts receivable | 447,658,811.44 | 335,948,508.62 | 33.25% | Mainly due to increase of the accounts receivable for goods at the end of the reporting period |
Other receivables | 45,889,700.23 | 34,990,539.09 | 31.15% | Mainly due to increase of the cash deposit and expense payment to be cleared at the end of the reporting period. |
Other payables | 90,821,473.07 | 59,232,265.75 | 53.33% | Mainly due to increase of the accrued expenses at the end of the reporting period |
Other comprehensive income | -3,272,411.80 | -11,523,442.39 | 71.60% | Mainly due to movement of the translation reserve |
(II) Items of the profit statement in the reporting period
Items | Amount incurred in the reporting period | Amount incurred in the previous period | Proportion of changes | Cause of the movement |
Financial expenses - interest expenses | 6,789,639.39 | 10,290,602.12 | -34.02% | It was mainly due to decrease of the bank loans over the same period of the previous year during the reporting period |
Loss from impairment of assets | 268,853.55 | 8,416,056.39 | -96.81% | It was due to decrease of the provision for bad debt and provision for price falling of inventories over the same period of the previous year in the reporting period. |
Other income | 2,360,867.19 | 936,793.49 | 152.02% | It was due to increase of the government subsidies received in the reporting period |
Net of other comprehensive income after tax | 9,644,276.18 | -5,344,611.15 | 280.45% | Mainly due to movement of the translation reserve |
(III) Items of the profit statement from the year beginning to the end of the reporting period
Items | Amount incurred in the reporting period | Amount incurred in the previous period | Proportion of changes | Cause of the movement |
Financial expenses - interest expenses | 21,062,682.52 | 33,537,532.63 | -37.20% | It was mainly due to decrease of the bank loans over the same period of the previous year during the reporting period |
Loss from impairment of assets | -3,144,146.56 | 21,199,745.69 | -114.83% | It was due to decrease of the provision for bad debt and provision for price falling of inventories over the |
same period of the previous year in the reporting period. | ||||
Other income | 8,857,885.99 | 2,414,836.49 | 266.81% | It was due to increase of the government subsidies received in the reporting period |
Net of other comprehensive income after tax | 8,251,321.19 | 1,741,879.37 | 373.70% | Mainly due to movement of the translation reserve |
(IV) Items of the cash flow statement from the year beginning to the end of the reporting period
Items | Amount incurred in the reporting period | Amount incurred in the previous period | Proportion of changes | Cause of the movement |
Rebated taxes received | 4,010,283.82 | 863,877.72 | 364.22% | It was due to increase of the export rebates received in the reporting period |
Relevant cash | 34,995,312.97 | 24,629,308.80 | 42.09% | It was mainly due to the government subsidies received in the reporting period |
Cash paid for dividend/profit distribution or repayment of interest | 110,277,877.06 | 76,460,575.01 | 44.23% | It was due to increase of the dividend distributed in the current year over the previous year and at the same time decrease of the interest paid for the bank loan over the same period of the previous year. |
Net cash flow | -191,101,925.83 | -422,748,445.73 | 54.80% | It was mainly due to decrease of the bank loans over the same period of the previous year during the reporting period |
Amount increased | 11,243,794.77 | -145,502,390.65 | 107.73% | It was mainly due to decrease of the bank loans over the same period of the previous year during the reporting period |
II. Progress of significant events, their effects and analysis on the solutionsInapplicable
III. Commitments unfinished in implementation by the Company's actual controller, shareholders, related parties,acquirer and the Company, etc. in the reporting periodInapplicable
IV. Prediction of the Performances in Year 2018Inapplicable
V. Portfolio investmentInapplicable
VI. Entrusted financial management
Inapplicable
VII. Investment in derivativesInapplicable
VIII. Registration of the activities of reception of investigators, communications, interviews, etc. during thereporting periodInapplicable
IX. Outward guarantee against regulationsInapplicable
X. The Company's funds occupied by its controlling shareholder or/and related parties for non-operating purposeInapplicable
Section 4. Financial Statements
I. Financial Statements1. Consolidated Balance SheetPrepared by FIYTA Holdings Ltd.
September 30, 2018
In CNY
Items | Ending balance | Opening balance |
Current assets: | ||
Monetary capital | 198,396,686.09 | 187,152,891.32 |
Settlement reserve | ||
Inter-bank lending | ||
Financial assets which is measured based on the fair value and whose movement is counted to the current gain/loss | ||
Derivative financial assets | ||
Notes receivable and accounts receivable | 447,658,811.44 | 335,948,508.62 |
Where: Notes receivable | 6,153,469.16 | 9,693,883.68 |
Accounts receivable | 441,505,342.28 | 326,254,624.94 |
Advance payments | 30,813,702.67 | 24,663,314.53 |
Receivable premium | ||
Reinsurance accounts receivable | ||
Reserve for reinsurance contract receivable | ||
Other receivables | 45,889,700.23 | 34,990,539.09 |
Redemptory monetary capital for sale | ||
Inventories | 1,719,468,473.32 | 1,820,526,676.26 |
Held-for-sale assets | ||
Non-current assets due within a year | ||
Other current assets | 29,170,827.65 | 24,616,815.21 |
Total current assets | 2,471,398,201.40 | 2,427,898,745.03 |
Non-current assets: | ||
Provision of loans and advance in cash | ||
Available-for-sale financial assets | 85,000.00 | 85,000.00 |
Held-to-due investments | ||
Long-term accounts receivable | ||
Long-term equity investment | 43,972,531.47 | 43,879,518.09 |
Investment real estate | 345,621,944.56 | 305,493,987.77 |
Fixed assets | 461,097,481.02 | 523,699,592.65 |
Construction-in-process | 12,665,238.28 | 10,947,300.53 |
Productive biological asset | ||
Oil and gas assets | ||
Intangible assets | 44,255,220.33 | 44,223,280.21 |
Development expenses | ||
Goodwill | ||
Long-term expenses to be apportioned | 119,471,578.84 | 109,409,785.49 |
Deferred income tax asset | 108,816,166.62 | 105,905,944.80 |
Other non-current assets | 9,971,859.33 | 8,246,538.33 |
Total non-current assets | 1,145,957,020.45 | 1,151,890,947.87 |
Total assets | 3,617,355,221.85 | 3,579,789,692.90 |
Current liabilities: | ||
Short term borrowings | 464,922,149.78 | 525,990,510.00 |
Borrowings from central bank | ||
Deposits taking and interbank placement | ||
Loans from other banks | ||
Financial liabilities measured based on the fair value and whose change was charged to the current gain and loss. | ||
Derivative financial liabilities | ||
Notes payable and accounts payable | 261,474,973.99 | 263,256,495.65 |
Advances from customers | 19,322,876.99 | 15,141,587.79 |
Funds from selling out and repurchasing financial assets | ||
Service charge and commission payable | ||
Salaries payable to the employees | 56,698,214.43 | 71,564,367.14 |
Taxes payable | 69,816,088.11 | 55,857,236.59 |
Other payables | 90,821,473.07 | 59,232,265.75 |
Payable reinsurance | ||
Reserve for insurance contract |
Acting trading securities | ||
Income from securities underwriting on commission | ||
Held-for-sale liabilities | ||
Non-current liabilities due within a year | 35,000,000.00 | 35,000,000.00 |
Other current liabilities | ||
Total current liabilities | 998,055,776.37 | 1,026,042,462.92 |
Non-current liabilities: | ||
Long-term borrowings | 62,383,129.25 | 79,870,353.00 |
Bonds payable | ||
Including: preferred shares | ||
Perpetual bond | ||
Long-term accounts payable | ||
Long-term accrued payroll | ||
Predicted liabilities | ||
Deferred income | 5,780,000.00 | 5,904,000.00 |
Deferred income tax liability | ||
Other non-current liabilities | ||
Total non-current liabilities | 68,163,129.25 | 85,774,353.00 |
Total liabilities | 1,066,218,905.62 | 1,111,816,815.92 |
Owner’s equity: | ||
Capital Stock | 438,744,881.00 | 438,744,881.00 |
Other equity instruments | ||
Including: preferred shares | ||
Perpetual bond | ||
Capital Reserve | 1,062,455,644.22 | 1,062,455,644.22 |
Less: shares in stock | ||
Other comprehensive income | -3,272,411.80 | -11,523,442.39 |
Special reserve | ||
Surplus Reserve | 206,805,713.35 | 206,805,713.35 |
Reserve against general risks | ||
Retained earnings | 846,396,683.08 | 771,484,565.02 |
Total owners’ equity attributable to the parent company | 2,551,130,509.85 | 2,467,967,361.20 |
Minority shareholders’ equity | 5,806.38 | 5,515.78 |
Total owner’s equity | 2,551,136,316.23 | 2,467,972,876.98 |
Total liabilities and owners’ equity | 3,617,355,221.85 | 3,579,789,692.90 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
2. Balance Sheet (Parent Company)
In CNY
Items | Ending balance | Opening balance |
Current assets: | ||
Monetary capital | 176,044,667.47 | 131,163,944.43 |
Financial assets which is measured based on the fair value and whose movement is counted to the current gain/loss | ||
Derivative financial assets | ||
Notes receivable and accounts receivable | 492,234.98 | 6,832,006.11 |
Where: Notes receivable | ||
Accounts receivable | 492,234.98 | 6,832,006.11 |
Advance payments | ||
Other receivables | 686,418,109.71 | 831,952,437.86 |
Inventories | ||
Held-for-sale assets | ||
Non-current assets due within a year | ||
Other current assets | 10,893,702.66 | 9,089,170.12 |
Total current assets | 873,848,714.82 | 979,037,558.52 |
Non-current assets: | ||
Available-for-sale financial assets | 85,000.00 | 85,000.00 |
Held-to-due investments | ||
Long-term accounts receivable | ||
Long-term equity investment | 1,375,221,122.40 | 1,375,128,109.02 |
Investment real estate | 262,601,939.80 | 270,241,724.52 |
Fixed assets | 331,369,718.15 | 340,765,873.45 |
Construction-in-process | 12,665,238.28 | 10,947,300.53 |
Productive biological asset | ||
Oil and gas assets | ||
Intangible assets | 36,108,084.68 | 36,932,963.95 |
Development expenses | ||
Goodwill | ||
Long-term expenses to be apportioned | 4,808,236.28 | 4,418,287.94 |
Deferred income tax asset | 1,499,126.32 | 1,499,126.32 |
Other non-current assets | 1,795,456.03 | 2,687,910.84 |
Total non-current assets | 2,026,153,921.94 | 2,042,706,296.57 |
Total assets | 2,900,002,636.76 | 3,021,743,855.09 |
Current liabilities: | ||
Short term borrowings | 435,000,000.00 | 470,000,000.00 |
Financial liabilities measured based on the fair value and whose change was charged to the current gain and loss. | ||
Derivative financial liabilities | ||
Notes payable and accounts payable | 57,586,340.48 | 60,520,874.66 |
Advances from customers | 4,773,612.61 | 4,212,930.07 |
Salaries payable to the employees | 7,870,513.62 | 9,291,422.00 |
Taxes payable | 2,579,880.35 | 1,038,481.26 |
Other payables | 42,961,861.08 | 21,596,100.44 |
Held-for-sale liabilities | ||
Non-current liabilities due within a year | 35,000,000.00 | 35,000,000.00 |
Other current liabilities | ||
Total current liabilities | 585,772,208.14 | 601,659,808.43 |
Non-current liabilities: | ||
Long-term borrowings | 57,361,928.00 | 74,861,928.00 |
Bonds payable | ||
Including: preferred shares | ||
Perpetual bond | ||
Long-term accounts payable | ||
Long-term accrued payroll | ||
Predicted liabilities | ||
Deferred income | 5,780,000.00 | 5,904,000.00 |
Deferred income tax liability | ||
Other non-current liabilities | ||
Total non-current liabilities | 63,141,928.00 | 80,765,928.00 |
Total liabilities | 648,914,136.14 | 682,425,736.43 |
Owner’s equity: | ||
Capital Stock | 438,744,881.00 | 438,744,881.00 |
Other equity instruments | ||
Including: preferred shares | ||
Perpetual bond | ||
Capital Reserve | 1,068,111,185.32 | 1,068,111,185.32 |
Less: shares in stock | ||
Other comprehensive income | ||
Special reserve | ||
Surplus Reserve | 206,805,713.35 | 206,805,713.35 |
Retained earnings | 537,426,720.95 | 625,656,338.99 |
Total owner’s equity | 2,251,088,500.62 | 2,339,318,118.66 |
Total liabilities and owners’ equity | 2,900,002,636.76 | 3,021,743,855.09 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
3. Consolidated profit statement in the reporting period
In CNY
Items | Amount incurred in the reporting period | Amount incurred in the previous period |
I. Turnover | 868,796,654.10 | 876,113,517.26 |
Including: operating income | 868,796,654.10 | 876,113,517.26 |
Interest income | ||
Earned insurance premium | ||
Service charge and commission income | ||
II. Total operating costs | 805,686,004.43 | 811,930,483.19 |
Including: Operating costs | 505,885,393.78 | 512,791,871.39 |
Interest payment | ||
Service charge and commission payment | ||
Surrender Value | ||
Compensation expenses, net | ||
Provision of reserve for insurance contract, net |
Payment of policy dividend | ||
Reinsurance expenses | ||
Taxes and surcharges | 7,454,053.56 | 7,962,036.51 |
Sales cost | 214,879,689.40 | 205,086,341.20 |
Administrative expenses | 56,100,640.10 | 51,955,309.90 |
R & D expenditures | 11,955,136.46 | 12,941,533.47 |
Financial expenses | 9,142,237.58 | 12,777,334.33 |
Where: Interest cost | 6,789,639.39 | 10,290,602.12 |
Interest income | 643,817.82 | 722,695.23 |
Loss from impairment of assets | 268,853.55 | 8,416,056.39 |
Plus: Other income | 2,360,867.19 | 936,793.49 |
Investment income (loss is stated with “-“) | ||
Including: return on investment in associate and joint venture | ||
Income from change of fair value (loss is stated with “-”) | ||
Exchange income (loss stated with “-“) | ||
Income from disposal of assets (loss is stated with “-“) | -12,324.44 | -187,228.60 |
III. Operating Profit (loss is stated with “-“) | 65,459,192.42 | 64,932,598.96 |
Plus: Non-operating income | 190,581.65 | 52,184.65 |
Less: Non-operating expenses | 88,215.28 | 382,639.21 |
IV. Total profit (total loss is stated with “-”) | 65,561,558.79 | 64,602,144.40 |
Less: Income tax expense | 15,268,385.96 | 15,078,018.06 |
V. Net Profit (net loss is stated with “-“) | 50,293,172.83 | 49,524,126.34 |
(I) Net Profit from sustainable operation (net loss is stated with “-“) | 50,293,172.83 | 49,524,126.35 |
(II) Net profit from termination of business operation (net loss is stated with “-“) | ||
Net profit attributable to the parent company’s owner | 50,293,172.83 | 49,839,227.96 |
Minority shareholders’ gain/loss | -315,101.62 |
VI. Net of other comprehensive income after tax | 9,644,276.18 | -5,344,611.14 |
Net of other comprehensive income after tax attributable to the parent company’s owner | 9,643,950.34 | -5,228,715.27 |
(I) Other comprehensive income which cannot be re-classified into gain and loss | ||
1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
2. Other comprehensive income which cannot be converted into gain and loss based on the equity method | ||
(II) Other comprehensive income which shall be re-classified into gain and loss | 9,643,950.34 | -5,228,715.27 |
1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
2. Gain/loss from change in the fair value of the financial assets available for sale | ||
3. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
4. Valid part of the gain/loss from cash flow hedge | ||
5. Conversion difference in foreign currency statements | 9,643,950.34 | -5,228,715.27 |
6. Others | ||
Net amount of other comprehensive income after tax attributable to minority shareholders | 325.84 | -115,895.87 |
VII. Total comprehensive income | 59,937,449.01 | 44,179,515.20 |
Total comprehensive income attributable to the parent company’s owner | 59,937,123.17 | 44,610,512.69 |
Total comprehensive income attributable to minority shareholders | 325.84 | -430,997.49 |
VIII. Earnings per share: |
(I) Basic earnings per share | 0.1146 | 0.1136 |
(II) Diluted earnings per share | 0.1146 | 0.1136 |
For the enterprises under the same control consolidated in the reporting period, the net profit realized by the consolideebefore the consolidation is CNY 0.00. Net profit realized by the consolidatee in the previous period is CNY 0.00.
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
4. Profit statement of the parent company in the reporting period
In CNY
Items | Amount incurred in the reporting period | Amount incurred in the previous period |
I. Revenue | 28,462,045.84 | 27,263,052.24 |
Less: Operating cost | 3,966,158.08 | 4,615,106.22 |
Taxes and surcharges | 1,077,631.80 | 1,306,737.51 |
Sales cost | ||
Administrative expenses | 16,788,796.26 | 12,119,794.38 |
R & D expenditures | 5,939,757.96 | 10,253,463.39 |
Financial expenses | 3,246,486.94 | 2,644,287.94 |
Where: Interest cost | 3,063,446.70 | 3,015,267.50 |
Interest income | 572,936.96 | 297,371.88 |
Loss from impairment of assets | ||
Plus: Other income | 1,523,301.89 | 900.00 |
Investment income (loss is stated with “-“) | ||
Including: return on investment in associate and joint venture | -38,246.82 | |
Income from change of fair value (loss is stated with “-”) | ||
Income from disposal of assets (loss is stated with “-“) | -38,246.82 | |
II. Operating Profit (loss is stated with “-“) | -1,033,483.31 | -3,713,684.02 |
Plus: Non-operating income | ||
Less: Non-operating expenses | 0.90 | 300,029.00 |
III. Total profit (total loss is stated with “-“) | -1,033,484.21 | -4,013,713.02 |
Less: Income tax expense | -1,041,658.25 | |
IV. Net Profit (net loss is stated with “-“) | -1,033,484.21 | -2,972,054.77 |
(I) Net Profit from sustainable operation (net loss is stated with “-“) | -1,033,484.21 | -2,972,054.77 |
(II) Net profit from termination of business operation (net loss is stated with “-“) | ||
V. Net of other comprehensive income after tax | ||
(I) Other comprehensive income which cannot be re-classified into gain and loss | ||
1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
2. Other comprehensive income which cannot be converted into gain and loss based on the equity method | ||
(II) Other comprehensive income which shall be re-classified into gain and loss | ||
1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
2. Gain/loss from change in the fair value of the financial assets available for sale | ||
3. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
4. Valid part of the gain/loss from cash flow hedge | ||
5. Conversion difference in foreign currency statements | ||
6. Others | ||
VI. Total comprehensive income | -1,033,484.21 | -2,972,054.77 |
VII. Earnings per share: | ||
(I) Basic earnings per share | -0.0024 | -0.0067 |
(II) Diluted earnings per share | -0.0024 | -0.0067 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
5. Consolidated Profit Statement from the year beginning to the end of the reporting period
In CNY
Items | Amount incurred in the reporting period | Amount incurred in the previous period |
I. Turnover | 2,564,688,086.82 | 2,475,654,661.61 |
Including: operating income | 2,564,688,086.82 | 2,475,654,661.61 |
Interest income | ||
Earned insurance premium | ||
Service charge and commission income | ||
II. Total operating costs | 2,362,178,677.99 | 2,300,032,696.40 |
Including: Operating costs | 1,482,211,130.13 | 1,454,271,556.22 |
Interest payment | ||
Service charge and commission payment | ||
Surrender Value | ||
Compensation expenses, net | ||
Provision of reserve for insurance contract, net | ||
Payment of policy dividend | ||
Reinsurance expenses | ||
Taxes and surcharges | 25,244,839.99 | 23,143,533.79 |
Sales cost | 636,992,731.09 | 599,372,662.99 |
Administrative expenses | 160,343,031.79 | 128,181,081.76 |
R & D expenditures | 33,241,062.48 | 34,886,148.56 |
Financial expenses | 27,290,029.07 | 38,977,967.39 |
Where: Interest cost | 21,062,682.52 | 33,537,532.63 |
Interest income | 1,723,404.90 | 2,212,562.68 |
Loss from impairment of assets | -3,144,146.56 | 21,199,745.69 |
Plus: Other income | 8,857,885.99 | 2,414,836.49 |
Investment income (loss is stated with “-“) | 93,013.38 | 188,871.89 |
Including: return on investment in associate and joint venture | 93,013.38 | 188,871.89 |
Income from change of fair value |
(loss is stated with “-”) | ||
Exchange income (loss stated with “-“) | ||
Income from disposal of assets (loss is stated with “-“) | -66,731.60 | -200,581.55 |
III. Operating Profit (loss is stated with “-“) | 211,393,576.60 | 178,025,092.04 |
Plus: Non-operating income | 554,441.16 | 198,051.56 |
Less: Non-operating expenses | 554,737.81 | 1,043,829.65 |
IV. Total profit (total loss is stated with “-”) | 211,393,279.95 | 177,179,313.95 |
Less: Income tax expense | 48,732,185.68 | 41,043,403.06 |
V. Net Profit (net loss is stated with “-“) | 162,661,094.27 | 136,135,910.89 |
(I) Net Profit from sustainable operation (net loss is stated with “-“) | 162,661,094.27 | 136,135,910.89 |
(II) Net profit from termination of business operation (net loss is stated with “-“) | ||
Net profit attributable to the parent company’s owner | 162,661,094.27 | 136,548,052.72 |
Minority shareholders’ gain/loss | -412,141.83 | |
VI. Net of other comprehensive income after tax | 8,251,321.19 | 1,741,879.37 |
Net of other comprehensive income after tax attributable to the parent company’s owner | 8,251,030.59 | 1,939,829.31 |
(I) Other comprehensive income which cannot be re-classified into gain and loss | ||
1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
2. Other comprehensive income which cannot be converted into gain and loss based on the equity method | ||
(II) Other comprehensive income which shall be re-classified into gain and loss | 8,251,030.59 | 1,939,829.31 |
1. Other comprehensive income which can be converted into gain and loss based on the equity method |
2. Gain/loss from change in the fair value of the financial assets available for sale | ||
3. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
4. Valid part of the gain/loss from cash flow hedge | ||
5. Conversion difference in foreign currency statements | 8,251,030.59 | 1,939,829.31 |
6. Others | ||
Net amount of other comprehensive income after tax attributable to minority shareholders | 290.60 | -197,949.94 |
VII. Total comprehensive income | 170,912,415.46 | 137,877,790.26 |
Total comprehensive income attributable to the parent company’s owner | 170,912,124.86 | 138,487,882.03 |
Total comprehensive income attributable to minority shareholders | 290.60 | -610,091.77 |
VIII. Earnings per share: | ||
(I) Basic earnings per share | 0.3707 | 0.3112 |
(II) Diluted earnings per share | 0.3707 | 0.3112 |
For the enterprises under the same control consolidated in the reporting period, the net profit realized by the consolideebefore the consolidation is CNY 0.00. Net profit realized by the consolidatee in the previous period is CNY 0.00.
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
6. Profit statement of the parent company from the year beginning to the end of the reporting period
In CNY
Items | Amount incurred in the reporting period | Amount incurred in the previous period |
I. Revenue | 84,581,680.02 | 78,617,476.17 |
Less: Operating cost | 13,544,702.78 | 13,233,987.77 |
Taxes and surcharges | 3,283,993.87 | 3,164,461.73 |
Sales cost | 5,024,222.36 | |
Administrative expenses | 48,103,773.92 | 36,000,455.91 |
R & D expenditures | 16,261,936.11 | 20,117,445.63 |
Financial expenses | 6,800,487.30 | 8,490,598.99 |
Where: Interest cost | 7,298,145.33 | 9,506,264.31 |
Interest income | 1,283,699.17 | 1,020,073.12 |
Loss from impairment of assets | ||
Plus: Other income | 3,121,301.89 | 754,900.00 |
Investment income (loss is stated with “-“) | 93,013.38 | 188,871.89 |
Including: return on investment in associate and joint venture | 93,013.38 | 188,871.89 |
Income from change of fair value (loss is stated with “-”) | ||
Income from disposal of assets (loss is stated with “-“) | -13,917.68 | -38,246.82 |
II. Operating Profit (loss is stated with “-“) | -212,816.37 | -6,508,171.15 |
Plus: Non-operating income | 9,480.00 | 35,879.89 |
Less: Non-operating expenses | 446,782.97 | 320,029.00 |
III. Total profit (total loss is stated with “-“) | -650,119.34 | -6,792,320.26 |
Less: Income tax expense | -169,477.50 | -2,829,509.08 |
IV. Net Profit (net loss is stated with “-“) | -480,641.84 | -3,962,811.18 |
(I) Net Profit from sustainable operation (net loss is stated with “-“) | -480,641.84 | -3,962,811.18 |
(II) Net profit from termination of business operation (net loss is stated with “-“) | ||
V. Net of other comprehensive income after tax | ||
(I) Other comprehensive income which cannot be re-classified into gain and loss | ||
1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
2. Other comprehensive income which cannot be converted into gain and loss based on the equity method | ||
(II) Other comprehensive income which shall be re-classified into gain and loss |
1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
2. Gain/loss from change in the fair value of the financial assets available for sale | ||
3. Gain/loss from which the held-to-maturity investment is re-classified as available-for-sale financial assets | ||
4. Valid part of the gain/loss from cash flow hedge | ||
5. Conversion difference in foreign currency statements | ||
6. Others | ||
VI. Total comprehensive income | -480,641.84 | -3,962,811.18 |
VII. Earnings per share: | ||
(I) Basic earnings per share | -0.0011 | -0.0090 |
(II) Diluted earnings per share | -0.0011 | -0.0090 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
7. Consolidated cash flow statement from the year beginning to the end of the reporting period
In CNY
Items | Amount incurred in the reporting period | Amount incurred in the previous period |
I. Cash flows arising from operating activities | ||
Cash received from sales of goods and supply of labor service | 2,803,068,270.63 | 2,792,775,081.25 |
Net increase of customers’ deposit and due from banks | ||
Net increase of borrowings from the central bank | ||
Net increase of borrowings from other financial institutions | ||
Cash received from the premium of the original insurance contract | ||
Net cash received from the |
reinsurance business | ||
Net increase of the reserve from policy holders and investment | ||
Net increase from disposal of financial assets which is measured based on the fair value and whose movement is counted to the current gain/loss | ||
Cash received from interest, service charge and commission | ||
Net increase of loan from other banks | ||
Net increase of fund from repurchase business | ||
Rebated taxes received | 4,010,283.82 | 863,877.72 |
Other operation activity related cash receipts | 34,995,312.97 | 24,629,308.80 |
Subtotal of cash flow in from operating activity | 2,842,073,867.42 | 2,818,268,267.77 |
Cash paid for purchase of goods and reception of labor services | 1,540,691,872.50 | 1,544,513,523.88 |
Net increase of loans and advances to customers | ||
Net increase of due from central bank and due from banks | ||
Cash from payment for settlement of the original insurance contract | ||
Cash paid for interest, service charge and commission | ||
Cash for payment of policy dividend | ||
Cash paid to and for staff | 444,077,098.36 | 387,000,554.27 |
Taxes paid | 235,578,269.66 | 200,395,453.26 |
Other business activity related cash payments | 331,138,152.18 | 323,042,776.87 |
Subtotal of cash flow out from operating activity | 2,551,485,392.70 | 2,454,952,308.28 |
Net cash flows arising from operating activities | 290,588,474.72 | 363,315,959.49 |
II. Cash flows arising from investment activities: |
Cash received from recovery of investment | ||
Cash received from investment income | ||
Net cash from disposal of fixed assets and intangible asset and recovery of other Long-term assets | 28,712.31 | 1,167,247.92 |
Net cash received from disposal of subsidiaries and other operating units | ||
Other investment related cash receipts | ||
Subtotal of cash flow in from investment activity | 28,712.31 | 1,167,247.92 |
Cash paid for purchase/construction of fixed assets, Intangible assets and other Long-term assets | 88,993,938.27 | 85,209,670.21 |
Cash paid for investment | ||
Net increase of the pledged loan | ||
Net cash paid for acquisition of subsidiaries and other operation units | ||
Other investment related cash payments | ||
Subtotal of cash flow out from investment activity | 88,993,938.27 | 85,209,670.21 |
Net cash flow arising from investment activities | -88,965,225.96 | -84,042,422.29 |
III. Cash flows arising from fund-raising activities | ||
Cash received from absorbing investment | ||
Incl.: Cash received from the subsidiaries’ absorption of minority shareholders’ investment | ||
Cash received from loans | 519,176,123.11 | 495,432,500.00 |
Cash received from bond issuing | ||
Other fund-raising related cash receipts | ||
Subtotal of cash flow in from fund-raising activity | 519,176,123.11 | 495,432,500.00 |
Cash paid for debt repayment | 600,000,171.88 | 841,720,370.72 |
Cash paid for dividend/profit distribution or repayment of interest | 110,277,877.06 | 76,460,575.01 |
Including: Dividend and profit paid by the subsidiaries to minority shareholders | ||
Cash paid for other financing activities | ||
Sub-total cash flow paid for financing activities | 710,278,048.94 | 918,180,945.73 |
Net cash flows arising from fund-raising activities | -191,101,925.83 | -422,748,445.73 |
IV. Change of exchange rate influencing the cash and cash equivalent | 722,471.84 | -2,027,482.12 |
V. Net increase of cash and cash equivalents | 11,243,794.77 | -145,502,390.65 |
Plus: Opening balance of cash and cash equivalents | 184,947,891.32 | 427,227,755.81 |
VI. Ending balance of cash and cash equivalents | 196,191,686.09 | 281,725,365.16 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
8. Cash flow statement of the parent company from the year beginning to the end of the reporting period
In CNY
Items | Amount incurred in the reporting period | Amount incurred in the previous period |
I. Net cash flows arising from operating activities | ||
Cash received from sales of goods and supply of labor service | 88,176,155.56 | 83,065,809.42 |
Rebated taxes received | ||
Other operation activity related cash receipts | 2,007,440,429.50 | 371,702,310.58 |
Subtotal of cash flow in from operating activity | 2,095,616,585.06 | 454,768,120.00 |
Cash paid for purchase of goods and reception of labor services | ||
Cash paid to and for staff | 46,814,508.80 | 42,393,494.11 |
Taxes paid | 6,849,978.67 | 7,632,305.47 |
Other business activity related cash payments | 1,822,666,271.46 | 19,722,463.57 |
Subtotal of cash flow out from operating activity | 1,876,330,758.93 | 69,748,263.15 |
Net cash flows arising from operating activities | 219,285,826.13 | 385,019,856.85 |
II. Cash flows arising from investment activities: | ||
Cash received from recovery of investment | ||
Cash received from investment income | ||
Net cash from disposal of fixed assets and intangible asset and recovery of other Long-term assets | 25,600.00 | |
Net cash received from disposal of subsidiaries and other operating units | ||
Other investment related cash receipts | ||
Subtotal of cash flow in from investment activity | 25,600.00 | |
Cash paid for purchase/construction of fixed assets, Intangible assets and other Long-term assets | 12,890,414.26 | 35,452,627.12 |
Cash paid for investment | ||
Net cash paid for acquisition of subsidiaries and other operation units | 38,927,328.35 | |
Other investment related cash payments | ||
Subtotal of cash flow out from investment activity | 12,890,414.26 | 74,379,955.47 |
Net cash flows arising from investment activities | -12,890,414.26 | -74,354,355.47 |
III. Cash flows arising from fund-raising activities | ||
Cash received from absorbing investment | ||
Cash received from loans | 490,000,000.00 | 460,000,000.00 |
Cash received from bond issuing |
Other fund-raising related cash receipts | ||
Subtotal of cash flow in from fund-raising activity | 490,000,000.00 | 460,000,000.00 |
Cash paid for debt repayment | 542,500,000.00 | 754,000,000.00 |
Cash paid for dividend/profit distribution or repayment of interest | 109,093,581.84 | 71,662,219.12 |
Cash paid for other financing activities | ||
Sub-total cash flow paid for financing activities | 651,593,581.84 | 825,662,219.12 |
Net cash flows arising from fund-raising activities | -161,593,581.84 | -365,662,219.12 |
IV. Change of exchange rate influencing the cash and cash equivalent | 78,893.01 | -76,689.78 |
V. Net increase of cash and cash equivalents | 44,880,723.04 | -55,073,407.52 |
Plus: Opening balance of cash and cash equivalents | 128,958,944.43 | 269,372,926.47 |
VI. Ending balance of cash and cash equivalents | 173,839,667.47 | 214,299,518.95 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of theAccounting Department: Tian Hui
II. Auditors’ Report
Has the third quarterly report been auditedNo