FIYTA Precision Technology Co., Ltd.
2021 First Quarter Report
April, 2021
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 the contentsof this report and confirm that there are neither material omissions nor errors which would render any statementmisleading.
All the directors attended the board meeting for reviewing the Quarter 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 Quarter 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 yearNo
| Reporting period | Same period of the previous year | Year-on-year increase/decrease in the reporting period | |
| Revenue in CNY | 1,378,277,735.81 | 588,361,057.06 | 134.26% |
| Net profit attributable to the Company’s shareholders, in CNY | 118,222,042.23 | -12,974,795.53 | 1,011.17% |
| Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY | 113,576,505.85 | -13,738,773.72 | 926.69% |
| Net cash flows arising from operating activities, in CNY | 28,711,219.83 | -106,747,751.88 | 126.90% |
| Basic earning per share (CNY/share) | 0.2780 | -0.0294 | 1,045.66% |
| Diluted earning per share (CNY/share) | 0.2780 | -0.0294 | 1,045.66% |
| Return on equity, weighted average | 4.15% | -0.49% | 4.64% |
| 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) | 4,412,065,471.64 | 4,018,712,700.18 | 9.79% |
| Net profit attributable to the Company’s shareholders, in CNY | 2,911,884,821.93 | 2,799,948,388.09 | 4.00% |
| Items | Amount from year beginning to the end of the reporting period | Note |
| Gain/loss from disposal of non-current assets, including the part written-off with the provision for impairment of assets. | 55,838.26 | |
| The government subsidies included in the profits and losses of the current period ( (excluding government grants which are closely related to the Company’s business and conform with the national standard amount or quantity) | 6,070,986.55 | |
| Other non-operating income and expenses other than the aforesaid items | 37,477.18 | |
| Less: Amount affected by the income tax | 1,518,765.61 | |
| Total | 4,645,536.38 | -- |
| Total common shareholders at the end | 28,331 | Total preference shareholders with the | 0 |
| of the reporting period | voting power recovered at the end of the reporting period (if any) | |||||
| Shareholding by top 10 shareholders | ||||||
| Names of the Shareholders | Nature of the shareholder | Shareholding proportion | Number of shares held | Number of the restricted shares held | Pledging or freezing | |
| Status of the shares | Quantity | |||||
| AVIC International Holding Limited | State corporate | 37.40% | 162,977,327 | 0 | ||
| ICBC - Fuguo Tianhui Selected Growth Hybrid Securities Investment Fund (LOF) | Domestic non-state-owned legal person | 2.75% | 12,000,072 | 0 | ||
| Construction Bank of China - Penghua Huizhi Optimized Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 2.11% | 9,211,000 | 0 | ||
| ICBC - Fuguo Hi-tech Industry Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 1.80% | 7,829,645 | 0 | ||
| Construction Bank of China - Penghua High Quality Growth Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 1.40% | 6,103,406 | 0 | ||
| Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) | Domestic non-state-owned legal person | 1.13% | 4,943,342 | 0 | ||
| China Merchants Bank Co., Ltd. - Fuguo Sci-Tech Innovation Theme 3-Year Sealed Operation Flexible Configuration Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 0.68% | 2,963,991 | 0 | ||
| Construction Bank of China - Penghua Selected Growth Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 0.61% | 2,645,834 | 0 | ||
| Bank of Communications - | Domestic non-state-owned legal | 0.54% | 2,339,400 | 0 | ||
| CSCL High Quality Growth Securities Investment Fund | person | |||||
| China Construction Bank Co., Ltd. - Fuguo Sci-Tech Innovation Flexible Configuration Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 0.53% | 2,290,460 | 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 | |||
| ICBC - Fuguo Tianhui Selected Growth Hybrid Securities Investment Fund (LOF) | 12,000,072 | CNY ordinary shares | 12,000,072 | |||
| Construction Bank of China - Penghua Huizhi Optimized Hybrid Securities Investment Fund | 9,211,000 | CNY ordinary shares | 9,211,000 | |||
| ICBC - Fuguo Hi-tech Industry Hybrid Securities Investment Fund | 7,829,645 | CNY ordinary shares | 7,829,645 | |||
| Construction Bank of China - Penghua High Quality Growth Hybrid Securities Investment Fund | 6,103,406 | CNY ordinary shares | 6,103,406 | |||
| Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) | 4,943,342 | CNY ordinary shares | 4,943,342 | |||
| China Merchants Bank Co., Ltd. - Fuguo Sci-Tech Innovation Theme 3-Year Sealed Operation Flexible Configuration Hybrid Securities Investment Fund | 2,963,991 | CNY ordinary shares | 2,963,991 | |||
| Construction Bank of China - Penghua Selected Growth Hybrid Securities Investment Fund | 2,645,834 | CNY ordinary shares | 2,645,834 | |||
| Bank of Communications - CSCL High Quality Growth Securities Investment Fund | 2,339,400 | CNY ordinary shares | 2,339,400 | |||
| China Construction Bank Co., Ltd. - Fuguo Sci-Tech Innovation Flexible Configuration Hybrid Securities Investment Fund | 2,290,460 | CNY ordinary shares | 2,290,460 | |||
| Explanation on associated relationship or consistent action of the above shareholders | Inapplicable | |||||
| Note to the top 10 shareholders involved in margin financing & securities lending (if any) | Inapplicable | |||||
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractualrepurchase during the reporting period?No
2. Total Preference Shareholders and the Shareholding by the Top 10 Preference ShareholdersInapplicable
Section 3 Significant Events
I. Financial Data Summary, Statement of Change in the Financial Indicators and the Causes during the ReportingPeriod
(I) Items of assets and liabilities
| Items | Amount at the end of the reporting period | End of the previous year | Variation proportion (%) | Cause of the movement |
| Monetary capital | 515,870,165.61 | 353,057,285.71 | 46.12% | Mainly due to the increase in sales receivables collected from the growth of the operation revenue, the net increase of the bank loans and the increase in subscription payments received for the implementation of the second phase of the equity incentive plan. |
| Use right assets | 150,191,634.60 | 0.00 | 100% | Mainly due to the influence from the implementation of the new standards for lease this year. |
| Deferred income tax asset | 112,197,900.00 | 80,913,800.35 | 38.66% | Mainly due to the influence from the implementation of the new standards for lease this year. |
| Other non-current assets | 5,216,861.24 | 13,536,307.13 | -61.46% | Mainly due to decrease of the advance payment for refurbishment of shops. |
| Advance receipts: | 5,358,910.60 | 9,991,850.67 | -46.37% | Mainly due to the decrease in pre-collected rent from the property lease business. |
| Payroll payable to the employees | 78,191,053.79 | 132,853,462.20 | -41.14% | Mainly due to the decrease of the payment for the year-end performance bonus during the reporting period. |
| Other payables | 198,715,349.62 | 128,577,597.94 | 54.55% | Mainly due to the increase in repurchase obligations brought about by the implementation of the equity incentive scheme phase II. |
| Dividends payable | 1,069,368.55 | 1,639,513.77 | -34.78% | Mainly due to the influence of the unlocking of the equity incentive scheme Phase II and payment of part of the dividend. |
| Lease liabilities | 152,730,913.89 | 0.00 | 100% | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Deferred income tax liability | 40,474,373.69 | 3,067,834.55 | 1219.31% | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Shares in stock | 119,217,908.46 | 61,633,530.48 | 93.43% | Mainly due to the implementation of the equity incentive scheme Phase II. |
| Other comprehensive income | -6,373,398.65 | 976,871.41 | -752.43% | Mainly due to the influence from the change of the translation balance of foreign currency statements. |
| Items | End of the reporting period | Same period of the previous year | Variation proportion (%) | Cause of the movement |
| Operating revenue | 1,378,277,735.81 | 588,361,057.06 | 134.26% | Mainly due to the growth of the Company's operating performance. |
| Taxes and surcharges | 7,586,076.81 | 3,674,419.66 | 106.46% | Mainly due to the increase in taxes and dues brought about from the increase in operation revenue. |
| Sales costs | 280,821,158.83 | 183,463,601.55 | 53.07% | Mainly due to the corresponding increase in labor and channel expenses resulted from growth of the operation revenue. |
| R&D expenses | 13,209,007.18 | 9,810,864.52 | 34.64% | Mainly due to the increase in R&D personnel and the decrease in labor costs during the epidemic in the same |
| period last year. | ||||
| Financial expenses | 10,191,937.77 | 7,521,614.69 | 35.50% | Mainly due to the increase of the bank service charges brought about from the increase in operation revenue. |
| Other income | 6,070,986.55 | 742,609.63 | 717.52% | Mainly due to the increase in government subsidies received. |
| Total profit | 151,948,990.88 | -18,524,043.50 | 920.28% | Mainly due to the increase of gross profit margin brought about from the increase in operation revenue. |
| Income tax expenses | 33,706,891.38 | -5,549,247.97 | 707.41% | Mainly due to the increase of taxes and fees brought about from the growth of total profit. |
| Items | End of the reporting period | Same period of the previous year | Variation proportion (%) | Cause of the movement |
| Net cash flows arising from operating activities | 28,711,219.83 | -106,747,751.88 | 126.90% | Mainly due to the increase of sales receivables collected brought about from the increase in operation revenue. |
| Net cash flow arising from investment activities: | -45,193,639.61 | -24,341,946.96 | -85.66% | Mainly due to increased investment in refurbishment of shops. |
| Net cash flows arising from financial activities | 179,702,677.16 | 82,992,799.27 | 116.53% | Mainly due to the net increase of the bank loans and the subscription payments received for the implementation of the Equity Incentive Plan Phase II. |
II. Analysis on and explanation of the progress of important issues and their impacts and solutions
1. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase I)The 24th session of the Ninth Board of Directors held on December 29, 2020 reviewed and approved the Proposal on theRelease Conditions having been Satisfied for the First Release Period of 2018 Restricted A-Share Incentive Scheme(Phase I). The 1.357641 million restricted shares (accounting for 0.3116% of the Company's total share capital) that couldbe lifted this time were listed for trading on February 1, 2021. For the details please refer to the "Indicative Announcementon the First Release of the Restricted Sales Period and the Listing of the Restricted Shares for Trading Involved in the2018 Restricted A-Share Incentive Scheme (Phase I) 2021-012” disclosed in the Securities Times, Hong KongCommercial Daily and http://www.cninfo.com.cn.
According to the “Proposal for Repurchase and Cancellation of the Partially Restricted Shares Involved in 2018 RestrictedA-Share Incentive Scheme (Phase I)” approved at the 26th Sessions of the Ninth Board of Directors held on February 4,2021 and 2021 2nd Extraordinary General Meeting held on February 24, 2021, the Company decided to repurchase andcancel a total of 51,359 restricted A-shares that were granted with the restriction but not released to the one retired andone deceased incentive objects in the 2018 Restricted A-Share Incentive Scheme (Phase I). For the details please refer tothe "Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-ShareIncentive Scheme (Phase I) 2021-019” disclosed in the Securities Times, Hong Kong Commercial Daily andhttp://www.cninfo.com.cn.
2. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase II)The 23rd session of the Ninth Board of Directors held on December 4, 2020 and 2021 1st Extraordinary General Meetingheld on January 6, 2021 decided to start 2018 Restricted A-Share Incentive Scheme (Phase II) (Draft) and the summary,which was later on reviewed and approved at the 25th session of the Ninth Board of Directors held on January 15, 2021,and the Company eventually granted 7.66 million restrictive A-shares to 135 persons eligible for the incentive. This part ofrestricted A-shares was all granted by January 15, 2021 and registered for listing by January 29, 2021. After the grant, theCompany's total share capital increased to 435,751,881 shares. For the details please refer to the "Announcement onCompletion of the Grant Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-011” disclosed in theSecurities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
According to the “Proposal for Repurchase and Cancellation of the Partial Restricted Shares Involved in 2018 RestrictedA-Share Incentive Scheme (Phase II)” approved at the 26th Sessions of the Ninth Board of Directors held on February 4,2021 and 2021 2nd Extraordinary General Meeting held on February 24, 2021, the Company decided to repurchase andcancel a total of 150,000 restricted A-shares that were granted with the restriction but not released to the one retiredincentive object in the 2018 Restricted A-Share Incentive Scheme (Phase II). For the details please refer to the"Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-ShareIncentive Scheme (Phase II) 2021-020” disclosed in the Securities Times, Hong Kong Commercial Daily andhttp://www.cninfo.com.cn.
3. About the Change of Directors, Supervisors and Senior Executives
The 25th Session of the Ninth Board of Directors held on January 15, 2021, reviewed and approved the "Proposal on theAppointment of the General Manager of the Company" and the "Proposal on the Appointment of the Secretary of theBoard of the Company” according to which Mr. Pan Bo was appointed as the General Manager, Mr. Chen Zhuo wasappointed as the Secretary of the Board with the tenure from the date of approval by the Board of Directors to the date ofending of the Ninth Board of Directors. For the detail, please refer to the “Announcement on the Change of the SeniorExecutives 2021-010” disclosed by the Company on the Securities Times, Hong Kong Commercial Daily andhttp://www.cninfo.com.cn.
The 26th session of the Ninth Board of Directors of the Company held on February 4, 2021 and 2021 2nd ExtraordinaryGeneral Meeting held on February 24, 2021 reviewed and passed the "Proposal on the Proposed Change of Directors”according to which Mr. Zhang Zhibiao, Mr. Xiao Yi, Mr. Li Peiyin and Mr. Pan Bo were elected non-independent directors ofthe Ninth Board of Directors of the Company with the tenure from the date of the approval by the general meeting to thedate of expiry of the Ninth Board of Directors. For the detail, please refer to the “Announcement on the Proposed Changeof Directors 2021-017” disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and
http://www.cninfo.com.cn.
The 23rd session of the Ninth Board of Directors of the Company held on February 4, 2021 and 2021 2nd ExtraordinaryGeneral Meeting held on February 24, 2021 reviewed and passed the "Proposal on the Proposed Change of Supervisors”according to which Mr. Zheng Qiyuan and Ms. Cao Zhen were elected non-staff supervisors of the Ninth SupervisoryCommittee the Company with the tenure from the date of the approval by the general meeting to the date of expiry of theNinth Supervisory Committee. For the detail, please refer to the “Announcement on the Proposed Change of Supervisors2021-018” disclosed by the Company on the Securities Times, Hong Kong Commercial Daily andhttp://www.cninfo.com.cn.
4. About the Amendment of the Articles of Association
The 26th session of the Ninth Board of Directors held on February 4, 2021 reviewed and approved the "Proposal on the
Amendment of the Articles of Association" according to which the relevant articles of the Articles of Association concerningthe practical situation upon completion of the award based on 2018 Restricted A-Share Incentive Scheme (Phase II) havebeen updated. For the detail, refer to the Proposal on the Amendment of the Articles of Association disclosed on theSecurities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
5. About the Change of Accounting Policies
The 27th session of the Ninth Board of Directors held on March 8, 2021 reviewed and approved the "Proposal on Changein the Accounting Policies". According to the relevant provisions of the "Accounting Standards for Business Enterprises No.21-Lease" revised by the Ministry of Finance, the Company shall implement the updated standards for lease commencingfrom January 1, 2021. For the detail, please refer to the “Announcement on Change of the Accounting Policies 2021-030”disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
| Overview of the Significant Events | Date of disclosure | Inquiry Index of the Website Disclosing Interim Reports |
| Announcement on the Resolution of 2021 1st Extraordinary General Meeting, 2021-002 | January 07, 2021 | www.cninfo.com.cn |
| Announcement on the Change of the Senior Executives of the Company 2021-010 | January 16, 2021 | www.cninfo.com.cn |
| "Announcement on Completion of the Grant Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-011 | January 28, 2021 | www.cninfo.com.cn |
| "Indicative Announcement on the Listing of the Restricted Shares for Trading Released in the First Release Period Involved in the 2018 Restricted A-share Incentive Scheme (Phase I) 2021-012” | January 29, 2021 | www.cninfo.com.cn |
| Announcement on the Proposed Change of Directors 2021-017 | February 05, 2021 | www.cninfo.com.cn |
| Announcement on the Proposed Change of Supervisors 2021-018 | February 05, 2021 | www.cninfo.com.cn |
| "Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-Share Incentive Scheme (Phase I) 2021-019” | February 05, 2021 | www.cninfo.com.cn |
| "Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-020” | February 05, 2021 | www.cninfo.com.cn |
| Proposal on the Amendment of the Articles of Association | February 05, 2021 | www.cninfo.com.cn |
| Announcement on the Resolution of 2021 2nd Extraordinary General Meeting, 2021-023 | February 25, 2021 | www.cninfo.com.cn |
| Announcement on the Change of Accounting Policies 2021-030 | March 10, 2021 | www.cninfo.com.cn |
Progress of implementation of reduction of the holding size of the shares repurchased by centralized biddingInapplicable
III. Commitments finished in implementation by the Company's actual controller, shareholders, related parties,acquirer, the Company, etc. in the reporting period and commitments unfinished in implementation during thereporting periodInapplicable
IV. Financial assets investment
1. Portfolio investment
Inapplicable
2. Investment in derivatives
Inapplicable
V. Progress of the projects invested with the raised capitalInapplicable
VI. Prediction of the Performances from January to June, 2021Inapplicable
VII. Important contracts for day-to-day operationInapplicable
VIII. Finance Management on CommissionInapplicable
IX. Outward guarantee against regulationsInapplicable
XI. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related PartiesInapplicable
XI. Registration Form of the Activities, such as Reception of Survey, Communications, Interviews, etc. during theReporting Period
| Reception time | Place of reception | Way of reception | Types of Visitors Received | Visitors Received | Main contents discussed and information provided | Index of Basic Information on the Investigation and Survey |
| March 25, 2021 | Wechat Mini Program Titled “FIYTA Relationship with Investors | Others | Others | Extensive investors’ participation in the Company's 2020 Annual Online Performance Presentation by network remoteness | In order to provide investors with a comprehensive and in-depth understanding of the Company’s situation, the Company held a 2020 Online Performance Briefing and conducted communications and exchange with investors on the Company’s 2020 operating status, development strategy, watch brand business, watch retail service business, and development of precision technology and smart wearables. | http://irm.cninfo.com.cn/ircs/company/companyDetail?stockcode=000026&orgId=gssz0000026 |
Section 4 Financial StatementsI. Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Precision Technology Co., Ltd.
March 31, 2021
In CNY
| Items | March 31, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary capital | 515,870,165.61 | 353,057,285.71 |
| Settlement reserve | ||
| Inter-bank lending | ||
| Transactional financial assets | ||
| Derivative financial assets | ||
| Notes receivable | 45,811,895.91 | 48,192,442.15 |
| Accounts receivable | 474,323,699.52 | 475,598,684.88 |
| Financing with accounts receivable | ||
| Advance payment | 19,452,930.97 | 16,612,773.76 |
| Receivable premium | ||
| Reinsurance accounts receivable | ||
| Reserve for reinsurance contract receivable | ||
| Other receivables | 67,561,444.59 | 52,902,779.63 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 1,991,797,379.63 | 1,931,780,185.85 |
| Contract assets | ||
| Held-for-sale assets | ||
| Non-current assets due within a year | ||
| Other current assets | 53,952,733.66 | 75,935,141.76 |
| Total current assets | 3,168,770,249.89 | 2,954,079,293.74 |
| Non-current assets: | ||
| Loan issuing and advance in cash | ||
| Equity investment | ||
| Other equity investment | ||
| Long term accounts receivable | ||
| Long-term equity investment | 51,400,665.92 | 51,400,665.92 |
| Investment in other equity instruments | 85,000.00 | 85,000.00 |
| Other non-current financial assets | ||
| Investment-oriented real estate | 394,236,394.60 | 398,086,447.78 |
| Fixed assets | 346,058,054.01 | 352,734,280.76 |
| Construction-in-progress | ||
| Productive biological asset | ||
| Oil and gas assets | ||
| Use right assets | 150,191,634.60 | |
| Intangible assets | 36,180,605.73 | 37,859,316.51 |
| Development expenses | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 147,728,105.65 | 130,017,587.99 |
| Deferred income tax asset | 112,197,900.00 | 80,913,800.35 |
| Other non-current assets | 5,216,861.24 | 13,536,307.13 |
| Total non-current assets | 1,243,295,221.75 | 1,064,633,406.44 |
| Total assets | 4,412,065,471.64 | 4,018,712,700.18 |
| Current liabilities: | ||
| Short term borrowings | 687,436,933.96 | 542,673,278.09 |
| Borrowings from central bank | ||
| Loans from other banks | ||
| Transactional financial liabilities |
| Derivative financial liabilities | ||
| Notes payable | 3,581,360.00 | 3,581,360.00 |
| Accounts payable | 245,220,078.41 | 301,211,515.39 |
| Advance receipt | 5,358,910.60 | 9,991,850.67 |
| Contract liabilities | 17,329,637.12 | 18,213,396.49 |
| Money from sale of the repurchased financial assets | ||
| Deposits taking and interbank placement | ||
| Acting trading securities | ||
| Income from securities underwriting on commission | ||
| Payroll payable to the employees | 78,191,053.79 | 132,853,462.20 |
| Taxes payable | 62,314,726.15 | 68,925,271.90 |
| Other payables | 198,715,349.62 | 128,577,597.94 |
| Including: interest payable | ||
| Dividends payable | 1,069,368.55 | 1,639,513.77 |
| Service charge and commission payable | ||
| Payable reinsurance | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within a year | 348,780.00 | 370,030.00 |
| Other current liabilities | 2,049,954.95 | 2,299,755.09 |
| Total current liabilities | 1,300,546,784.60 | 1,208,697,517.77 |
| Non-current liabilities: | ||
| Reserve for insurance contract | ||
| Long-term borrowings | 3,749,385.00 | 4,070,330.00 |
| Bonds payable | ||
| Including: preferred shares |
| Perpetual bond | ||
| Lease liabilities | 152,730,913.89 | |
| Long-term accounts payable | ||
| Long term payroll payable to the employees | ||
| Estimated liabilities | ||
| Deferred income | 2,646,886.77 | 2,916,346.43 |
| Deferred income tax liability | 40,474,373.69 | 3,067,834.55 |
| Other non-current liabilities | ||
| Total non-current liabilities | 199,601,559.35 | 10,054,510.98 |
| Total liabilities | 1,500,148,343.95 | 1,218,752,028.75 |
| Owner’s equity: | ||
| Capital stock | 435,751,881.00 | 428,091,881.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Capital Reserve | 1,076,840,727.19 | 1,021,490,387.78 |
| Less: shares in stock | 119,217,908.46 | 61,633,530.48 |
| Other comprehensive income | -6,373,398.65 | 976,871.41 |
| Special reserve | ||
| Surplus Reserve | 246,531,866.87 | 246,531,866.87 |
| Provision for general risks | ||
| Retained earnings | 1,278,351,653.98 | 1,164,490,911.51 |
| Total owners’ equity attributable to the parent company | 2,911,884,821.93 | 2,799,948,388.09 |
| Minority shareholders’ equity | 32,305.76 | 12,283.34 |
| Total owner’s equity | 2,911,917,127.69 | 2,799,960,671.43 |
| Total liabilities and owners’ equity | 4,412,065,471.64 | 4,018,712,700.18 |
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
2. Balance Sheet (Parent Company)
In CNY
| Items | March 31, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary capital | 445,620,979.51 | 292,055,169.74 |
| Transactional financial assets | ||
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 7,089,828.66 | 1,464,798.79 |
| Financing with accounts receivable | ||
| Advance payment | ||
| Other receivables | 632,479,347.29 | 621,512,680.69 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Inventories | ||
| Contract assets | ||
| Held-for-sale assets | ||
| Non-current assets due within a year | ||
| Other current assets | 12,307,795.95 | 11,655,617.82 |
| Total current assets | 1,097,497,951.41 | 926,688,267.04 |
| Non-current assets: | ||
| Equity investment | ||
| Other equity investment | ||
| Long term accounts receivable | ||
| Long-term equity investment | 1,531,727,687.92 | 1,529,415,188.28 |
| Investment in other equity instruments | 85,000.00 | 85,000.00 |
| Other non-current financial assets |
| Investment-oriented real estate | 320,132,259.45 | 323,296,494.84 |
| Fixed assets | 221,846,034.42 | 224,709,747.39 |
| Construction-in-progress | ||
| Productive biological asset | ||
| Oil and gas assets | ||
| Use right assets | ||
| Intangible assets | 26,247,690.42 | 27,347,950.13 |
| Development expenses | ||
| Goodwill | ||
| Long-term expenses to be apportioned | 11,010,869.81 | 11,980,697.97 |
| Deferred income tax asset | 1,300,559.69 | 1,380,180.94 |
| Other non-current assets | 418,175.48 | 473,312.35 |
| Total non-current assets | 2,112,768,277.19 | 2,118,688,571.90 |
| Total assets | 3,210,266,228.60 | 3,045,376,838.94 |
| Current liabilities: | ||
| Short term borrowings | 550,551,650.88 | 400,425,930.05 |
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Accounts payable | 1,508,635.49 | 1,481,135.49 |
| Advance receipt | 6,262,265.42 | 9,991,850.67 |
| Contract liabilities | 66,037.74 | 37,735.85 |
| Payroll payable to the employees | 15,854,865.76 | 25,256,531.70 |
| Taxes payable | 3,817,784.70 | 2,778,265.84 |
| Other payables | 259,090,861.30 | 240,824,305.37 |
| Including: interest payable | ||
| Dividends payable | 1,069,368.55 | 1,639,513.77 |
| Held-for-sale liabilities | ||
| Non-current liabilities due within a year | ||
| Other current liabilities | 3,962.26 | 2,264.15 |
| Total current liabilities | 837,156,063.55 | 680,798,019.12 |
| Non-current liabilities: | ||
| Long-term borrowings | ||
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Lease liabilities | ||
| Long-term accounts payable | ||
| Long term payroll payable to the employees | ||
| Estimated liabilities | ||
| Deferred income | 2,377,718.35 | 2,377,718.35 |
| Deferred income tax liability | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 2,377,718.35 | 2,377,718.35 |
| Total liabilities | 839,533,781.90 | 683,175,737.47 |
| Owner’s equity: | ||
| Capital stock | 435,751,881.00 | 428,091,881.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Capital Reserve | 1,081,381,943.73 | 1,027,145,928.88 |
| Less: shares in stock | 119,217,908.46 | 61,633,530.48 |
| Other comprehensive income |
| Special reserve | ||
| Surplus Reserve | 246,531,866.87 | 246,531,866.87 |
| Retained earnings | 726,284,663.56 | 722,064,955.20 |
| Total owner’s equity | 2,370,732,446.70 | 2,362,201,101.47 |
| Total liabilities and owners’ equity | 3,210,266,228.60 | 3,045,376,838.94 |
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Turnover | 1,378,277,735.81 | 588,361,057.06 |
| Including: operating income | 1,378,277,735.81 | 588,361,057.06 |
| Interest income | ||
| Earned insurance premium | ||
| Service charge and commission income | ||
| II. Total operating costs | 1,232,594,973.38 | 608,046,690.52 |
| Including: Operating costs | 863,898,587.47 | 354,482,460.46 |
| 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 | 7,586,076.81 | 3,674,419.66 |
| Sales costs | 280,821,158.83 | 183,463,601.55 |
| Administrative expenses | 56,888,205.32 | 49,093,729.64 |
| R & D expenditures | 13,209,007.18 | 9,810,864.52 |
| Financial expenses | 10,191,937.77 | 7,521,614.69 |
| Where: Interest cost | 7,371,044.43 | 6,565,834.69 |
| Interest income | 1,055,297.15 | 710,713.51 |
| Plus: Other income | 6,070,986.55 | 742,609.63 |
| Investment income (loss is stated with “-”) | ||
| Including: return on investment in associate and joint venture | ||
| Gain from the derecognition of the financial assets measured at amortised cost | ||
| Exchange income (loss stated with “-“) | ||
| Net exposure hedge income (loss stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) | ||
| Loss from impairment of credit (loss is stated with “-”) | 101,926.46 | 212,857.46 |
| Loss from impairment of assets (loss is stated with “-”) | ||
| Income from disposal of assets (loss is stated with “-“) | 55,838.26 | -62,305.15 |
| III. Operating Profit (loss is stated with “-“) | 151,911,513.70 | -18,792,471.52 |
| Plus: Non-operating income | 53,671.38 | 273,393.02 |
| Less: Non-operating expenses | 16,194.20 | 4,965.00 |
| IV. Total profit (total loss is stated with “-”) | 151,948,990.88 | -18,524,043.50 |
| Less: Income tax expense | 33,706,891.38 | -5,549,247.97 |
| V. Net Profit (net loss is stated with “-“) | 118,242,099.50 | -12,974,795.53 |
| (I) Classification based on operation sustainability | ||
| 1. Net Profit from sustainable operation (net loss is stated with “-”) | 118,242,099.50 | -12,974,795.53 |
| 2. Net Profit from termination of operation (net loss is stated with “-”) | ||
| (II) Classification by ownership | ||
| Plus: Net profit attributable to the parent company’s shareholder | 118,222,042.23 | -12,974,795.53 |
| 2. Minority shareholders’ gain/loss | 20,057.27 | |
| VI. Net of other comprehensive income after tax | -7,350,304.91 | 7,812.79 |
| Net of other comprehensive income after tax attributable to the parent company’s owner | -7,350,270.06 | 7,702.93 |
| (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 | ||
| 3. Movement of the fair value of the investment in other equity instruments | ||
| 4. Movement of the fair value of the Company’s own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income which shall be re-classified into gain and loss | -7,350,270.06 | 7,702.93 |
| 1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
| 2. Movement of the fair value of the investment in other debt instruments | ||
| 3. Amount of the reclassified financial assets counted to the other comprehensive income | ||
| 4. Provision for impairment of the credit of the other debt investment |
| 5. Reserve for cash flow hedge | ||
| 6. Conversion difference in foreign currency statements | -7,350,270.06 | 7,702.93 |
| 7. Others | ||
| Net amount of other comprehensive income after tax attributable to minority shareholders | -34.85 | 109.86 |
| VII. Total comprehensive income | 110,891,794.59 | -12,966,982.74 |
| Total comprehensive income attributable to the parent company’s owner | 110,871,772.17 | -12,967,092.60 |
| Total comprehensive income attributable to minority shareholders | 20,022.42 | 109.86 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | 0.2780 | -0.0294 |
| (II) Diluted earnings per share | 0.2780 | -0.0294 |
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Operating revenue | 40,512,870.91 | 26,379,756.89 |
| Less: Operating cost | 8,580,294.90 | 8,821,367.61 |
| Taxes and surcharges | 1,933,434.18 | 727,419.42 |
| Sales costs | 867,344.42 | 262,850.91 |
| Administrative expenses | 18,190,771.26 | 15,775,264.67 |
| R & D expenditures | 5,279,428.87 | 3,807,693.17 |
| Financial expenses | 794,354.57 | 1,890,037.46 |
| Where: Interest cost | 1,807,348.91 | 2,556,955.67 |
| Interest income | 937,926.41 | 650,773.18 |
| Plus: Other income | 851,544.46 | 61,679.85 |
| Investment income (loss is stated with “-”) |
| Including: return on investment in associate and joint venture | ||
| Gain from the derecognition of the financial assets measured at amortised cost (loss is stated with “-”) | ||
| Net exposure hedge income (loss stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) | ||
| Loss from impairment of credit (loss is stated with “-”) | -63,153.20 | |
| Loss from impairment of assets (loss is stated with “-”) | ||
| Income from disposal of assets (loss is stated with “-“) | -17,119.90 | |
| II. Operating Profit (loss is stated with “-“) | 5,638,514.07 | -4,843,196.50 |
| Plus: Non-operating income | 2,737.62 | |
| Less: Non-operating expenses | ||
| III. Total profit (total loss is stated with “-“) | 5,638,514.07 | -4,840,458.88 |
| Less: Income tax expense | 1,418,805.71 | |
| IV. Net Profit (net loss is stated with “-“) | 4,219,708.36 | -4,840,458.88 |
| (I) Net Profit from sustainable operation (net loss is stated with “-”) | 4,219,708.36 | -4,840,458.88 |
| (II) Net Profit from termination of 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 |
| 3. Movement of the fair value of the investment in other equity instruments | ||
| 4. Movement of the fair value of the Company’s own credit risk | ||
| 5. Others | ||
| (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. Movement of the fair value of the investment in other debt instruments | ||
| 3. Amount of the reclassified financial assets counted to the other comprehensive income | ||
| 4. Provision for impairment of the credit of the other debt investment | ||
| 5. Reserve for cash flow hedge | ||
| 6. Conversion difference in foreign currency statements | ||
| 7. Others | ||
| VI. Total comprehensive income | 4,219,708.36 | -4,840,458.88 |
| VII. Earnings per share: | ||
| (I) Basic earnings per share | ||
| (II) Diluted earnings per share |
| 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 | 1,523,350,402.04 | 717,413,076.16 |
| 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 | ||
| Cash received from interest, service charge and commission | ||
| Net increase of loan from other banks | ||
| Net increase of fund from repurchase business | ||
| Net cash received from securities trading on commission | ||
| Rebated taxes received | 136,077.50 | 257,310.78 |
| Other operation activity related cash receipts | 17,653,164.00 | 9,436,996.31 |
| Subtotal of cash flow in from operating activity | 1,541,139,643.54 | 727,107,383.25 |
| Cash paid for purchase of goods and reception of labor services | 1,090,077,507.00 | 559,509,759.87 |
| Net increase of loans and advances to customers | ||
| Net increase of due from central bank and due from other banks | ||
| Cash from payment for settlement of the original insurance contract | ||
| Net increase of the lending capital | ||
| Cash paid for interest, service charge and commission | ||
| Cash for payment of policy dividend | ||
| Cash paid to and for staff | 237,448,359.49 | 168,291,839.52 |
| Taxes paid | 75,193,535.72 | 36,992,378.49 |
| Other business activity related cash payments | 109,709,021.50 | 69,061,157.25 |
| Subtotal of cash flow out from operating activity | 1,512,428,423.71 | 833,855,135.13 |
| Net cash flows arising from operating activities | 28,711,219.83 | -106,747,751.88 |
| II. Cash flow arising from investment activities: | ||
| Cash received from recovery of investment | ||
| Cash received from investment income | ||
| Net cash from disposal of fixed assets, intangible assets and recovery of other long term assets | 9,762.94 | 2,912.82 |
| Net cash received from disposal of subsidiaries and other operating units | ||
| Other investment related cash receipts | ||
| Subtotal of cash flow in from investment activity | 9,762.94 | 2,912.82 |
| Cash paid for purchase/construction of fixed assets, Intangible assets and other long term assets | 45,203,402.55 | 24,344,859.78 |
| 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 | 45,203,402.55 | 24,344,859.78 |
| Net cash flow arising from investment activities: | -45,193,639.61 | -24,341,946.96 |
| III. Cash flow arising from fund-raising activities: | ||
| Cash received from absorbing investment | 58,216,000.00 | |
| Incl.: Cash received from the subsidiaries’ absorption of minority shareholders’ investment | ||
| Cash received from loans | 404,237,473.75 | 200,000,000.00 |
| Other fund-raising related cash receipts | ||
| Subtotal of cash flow in from fund raising activity | 462,453,473.75 | 200,000,000.00 |
| Cash paid for debt repayment | 251,180,000.00 | 90,000,000.00 |
| Cash paid for dividend/profit distribution or repayment of interest | 5,950,681.24 | 6,304,375.08 |
| Including: Dividend and profit paid by the subsidiaries to minority shareholders | ||
| Cash paid for other financing activities | 25,620,115.35 | 20,702,825.65 |
| Sub-total cash flow paid for financing activities | 282,750,796.59 | 117,007,200.73 |
| Net cash flow arising from fund-raising activities | 179,702,677.16 | 82,992,799.27 |
| IV. Change of exchange rate influencing the cash and cash equivalent | -407,377.48 | -92,078.98 |
| V. Net increase of cash and cash equivalents | 162,812,879.90 | -48,188,978.55 |
| Plus: Opening balance of cash and cash equivalents | 353,057,285.71 | 315,093,565.09 |
| VI. Ending balance of cash and cash equivalents | 515,870,165.61 | 266,904,586.54 |
| 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 | 33,296,256.79 | 21,432,068.81 |
| Rebated taxes received |
| Other operation activity related cash receipts | 1,420,751,619.23 | 867,764,855.43 |
| Subtotal of cash flow in from operating activity | 1,454,047,876.02 | 889,196,924.24 |
| Cash paid for purchase of goods and reception of labor services | ||
| Cash paid to and for staff | 26,099,198.03 | 18,989,965.73 |
| Taxes paid | 4,034,111.40 | 4,030,582.74 |
| Other business activity related cash payments | 1,457,278,717.28 | 980,594,240.37 |
| Subtotal of cash flow out from operating activity | 1,487,412,026.71 | 1,003,614,788.84 |
| Net cash flows arising from operating activities | -33,364,150.69 | -114,417,864.60 |
| II. Cash flow arising from investment activities: | ||
| Cash received from recovery of investment | ||
| Cash received from investment income | ||
| Net cash from disposal of fixed assets, intangible assets and recovery of other long term assets | 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 | 600.00 | |
| Cash paid for purchase/construction of fixed assets, Intangible assets and other long term assets | 10,337,712.00 | 13,830,945.06 |
| Cash paid for investment | ||
| Net cash paid for acquisition of subsidiaries and other operation units | ||
| Other investment related cash payments | ||
| Subtotal of cash flow out from investment activity | 10,337,712.00 | 13,830,945.06 |
| Net cash flow arising from investment activities: | -10,337,112.00 | -13,830,945.06 |
| III. Cash flow arising from fund-raising activities: | ||
| Cash received from absorbing investment | 58,216,000.00 | |
| Cash received from loans | 400,000,000.00 | 200,000,000.00 |
| Other fund-raising related cash receipts | ||
| Subtotal of cash flow in from fund raising activity | 458,216,000.00 | 200,000,000.00 |
| Cash paid for debt repayment | 250,000,000.00 | 90,000,000.00 |
| Cash paid for dividend/profit distribution or repayment of interest | 4,779,026.14 | 6,242,457.22 |
| Cash paid for other financing activities | 6,106,577.91 | 20,702,825.65 |
| Sub-total cash flow paid for financing activities | 260,885,604.05 | 116,945,282.87 |
| Net cash flow arising from fund-raising activities | 197,330,395.95 | 83,054,717.13 |
| IV. Change of exchange rate influencing the cash and cash equivalent | -63,323.49 | 30,677.54 |
| V. Net increase of cash and cash equivalents | 153,565,809.77 | -45,163,414.99 |
| Plus: Opening balance of cash and cash equivalents | 292,055,169.74 | 269,098,346.02 |
| VI. Ending balance of cash and cash equivalents | 445,620,979.51 | 223,934,931.03 |
| Items | December 31, 2020 | January 01, 2021 | Amount involved in the adjustment |
| Current assets: | |||
| Monetary capital | 353,057,285.71 | 353,057,285.71 | |
| Notes receivable | 48,192,442.15 | 48,192,442.15 | |
| Accounts receivable | 475,598,684.88 | 475,598,684.88 | |
| Advance payments | 16,612,773.76 | 16,612,773.76 | |
| Other receivables | 52,902,779.63 | 52,902,779.63 | |
| Inventories | 1,931,780,185.85 | 1,931,780,185.85 | |
| Other current assets | 75,935,141.76 | 73,796,501.05 | -2,138,640.71 |
| Total current assets | 2,954,079,293.74 | 2,951,940,653.03 | -2,138,640.71 |
| Non-current assets: | |||
| Long-term equity investment | 51,400,665.92 | 51,400,665.92 | |
| Investment in other equity instruments | 85,000.00 | 85,000.00 | |
| Investment-oriented real estate | 398,086,447.78 | 398,086,447.78 | |
| Fixed assets | 352,734,280.76 | 352,734,280.76 |
| Use right assets | 170,008,291.03 | 170,008,291.03 | |
| Intangible assets | 37,859,316.51 | 37,859,316.51 | |
| Long-term expenses to be apportioned | 130,017,587.99 | 130,017,587.99 | |
| Deferred income tax asset | 80,913,800.35 | 80,913,800.35 | |
| Other non-current assets | 13,536,307.13 | 13,536,307.13 | |
| Total non-current assets | 1,064,633,406.44 | 1,234,641,697.47 | 170,008,291.03 |
| Total assets | 4,018,712,700.18 | 4,186,582,350.50 | 167,869,650.32 |
| Current liabilities: | |||
| Short term borrowings | 542,673,278.09 | 542,673,278.09 | |
| Notes payable | 3,581,360.00 | 3,581,360.00 | |
| Accounts payable | 301,211,515.39 | 301,211,515.39 | |
| Advance receipt | 9,991,850.67 | 9,991,850.67 | |
| Contract liabilities | 18,213,396.49 | 18,213,396.49 | |
| Payroll payable to the employees | 132,853,462.20 | 132,853,462.20 | |
| Taxes payable | 68,925,271.90 | 68,925,271.90 | |
| Other payables | 128,577,597.94 | 128,577,597.94 | |
| Dividends payable | 1,639,513.77 | 1,639,513.77 | |
| Non-current liabilities due within a year | 370,030.00 | 370,030.00 | |
| Other current liabilities | 2,299,755.09 | 2,299,755.09 | |
| Total current liabilities | 1,208,697,517.77 | 1,208,697,517.77 | |
| Non-current liabilities: | |||
| Long-term borrowings | 4,070,330.00 | 4,070,330.00 | |
| Lease liabilities | 172,230,950.08 | 172,230,950.08 | |
| Deferred income | 2,916,346.43 | 2,916,346.43 | |
| Deferred income tax liability | 3,067,834.55 | 3,067,834.55 |
| Total non-current liabilities | 10,054,510.98 | 182,285,461.06 | 172,230,950.08 |
| Total liabilities | 1,218,752,028.75 | 1,390,982,978.83 | 172,230,950.08 |
| Owner’s equity: | |||
| Capital stock | 428,091,881.00 | 428,091,881.00 | |
| Capital reserve | 1,021,490,387.78 | 1,021,490,387.78 | |
| Less: shares in stock | 61,633,530.48 | 61,633,530.48 | |
| Other comprehensive income | 976,871.41 | 976,871.41 | |
| Surplus reserve | 246,531,866.87 | 246,531,866.87 | |
| Retained earnings | 1,164,490,911.51 | 1,160,129,611.74 | -4,361,299.76 |
| Total owners’ equity attributable to the parent company | 2,799,948,388.09 | 2,795,587,088.32 | -4,361,299.76 |
| Minority shareholders’ equity | 12,283.34 | 12,283.34 | |
| Total owner’s equity | 2,799,960,671.43 | 2,795,599,371.66 | -4,361,299.76 |
| Total liabilities and owners’ equity | 4,018,712,700.18 | 4,186,582,350.49 | 167,869,650.32 |
| Items | December 31, 2020 | January 01, 2021 | Amount involved in the adjustment |
| Current assets: | |||
| Monetary capital | 292,055,169.74 | 292,055,169.74 | |
| Accounts receivable | 1,464,798.79 | 1,464,798.79 | |
| Other receivables | 621,512,680.69 | 621,512,680.69 | |
| Other current assets | 11,655,617.82 | 11,655,617.82 | |
| Total current assets | 926,688,267.04 | 926,688,267.04 | |
| Non-current assets: | |||
| Long-term equity investment | 1,529,415,188.28 | 1,529,415,188.28 |
| Investment in other equity instruments | 85,000.00 | 85,000.00 | |
| Investment-oriented real estate | 323,296,494.84 | 323,296,494.84 | |
| Fixed assets | 224,709,747.39 | 224,709,747.39 | |
| Intangible assets | 27,347,950.13 | 27,347,950.13 | |
| Long-term expenses to be apportioned | 11,980,697.97 | 11,980,697.97 | |
| Deferred income tax asset | 1,380,180.94 | 1,380,180.94 | |
| Other non-current assets | 473,312.35 | 473,312.35 | |
| Total non-current assets | 2,118,688,571.90 | 2,118,688,571.90 | |
| Total assets | 3,045,376,838.94 | 3,045,376,838.94 | |
| Current liabilities: | |||
| Short term borrowings | 400,425,930.05 | 400,425,930.05 | |
| Accounts payable | 1,481,135.49 | 1,481,135.49 | |
| Advance receipt | 9,991,850.67 | 9,991,850.67 | |
| Contract liabilities | 37,735.85 | 37,735.85 | |
| Payroll payable to the employees | 25,256,531.70 | 25,256,531.70 | |
| Taxes payable | 2,778,265.84 | 2,778,265.84 | |
| Other payables | 240,824,305.37 | 240,824,305.37 | |
| Dividends payable | 1,639,513.77 | 1,639,513.77 | |
| Other current liabilities | 2,264.15 | 2,264.15 | |
| Total current liabilities | 680,798,019.12 | 680,798,019.12 | |
| Non-current liabilities: | |||
| Deferred income | 2,377,718.35 | 2,377,718.35 | |
| Total non-current liabilities | 2,377,718.35 | 2,377,718.35 | |
| Total liabilities | 683,175,737.47 | 683,175,737.47 | |
| Owner’s equity: |
| Capital stock | 428,091,881.00 | 428,091,881.00 | |
| Capital reserve | 1,027,145,928.88 | 1,027,145,928.88 | |
| Less: shares in stock | 61,633,530.48 | 61,633,530.48 | |
| Surplus reserve | 246,531,866.87 | 246,531,866.87 | |
| Retained earnings | 722,064,955.20 | 722,064,955.20 | |
| Total owner’s equity | 2,362,201,101.47 | 2,362,201,101.47 | |
| Total liabilities and owners’ equity | 3,045,376,838.94 | 3,045,376,838.94 |