CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Stock Code: 000521 200521 Stock Abbreviation: Changhong Meiling Hongmeiling B
Announcement No.: 2024-022
Changhong Meiling Co. Ltd.The First Quarterly Report of 2024
The Company and whole members of the Board guarantee that the information disclosed is true accurate and
complete and there are no fictitious records misleading statements or material omissions carried in the Report.Important Note:
1. Board of Directors and the Supervisory Committee of Changhong Meiling Co. Ltd. (hereinafter referred to as
the Company) and its directors supervisors and senior executives should guarantee the reality accuracy and
completion of the quarterly report there are no any fictitious statements misleading statements or important
omissions carried in this report and shall take legal responsibilities individual and/or joint.
2. Mr. Wu Dinggang Person in charge of the Company Mr. Pang Haitao head of accounting and Mr. Yang Jun
person in charger of accounting organ (accounting officer) hereby confirm that the financial information of this
Quarterly Report is authentic accurate and complete.
3. The first quarterly report audited or not
□Yes √No
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Changes of this
Current Period Same period of last year period over same
period of last year
Operating income (RMB)
5940062392.735025237527.2518.20%
1CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Net profit attributable to shareholders of the listed
company (RMB) 155536230.57 122540351.10 26.93%
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and
185949135.46103510051.9479.64%
losses (RMB)
Net cash flow arising from operating activities
(RMB) -114083183.60 -372008676.48 69.33%
Basic earnings per share (RMB/Share)
0.15100.119026.89%
Diluted earnings per share (RMB/Share)
0.15100.119026.89%
0.30 percentage
Weighted average ROE
2.64% 2.34% points up
Changes of this
End of this period End of last period period-end over
same period-end
of last year
Total assets (RMB)
21561463604.7319391604526.1911.19%
Owners’ equity attributable to shareholders of listed
company (RMB) 5980802290.29 5824782654.09 2.68%
(ii)Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Item Current amount Note
Gains/losses from the disposal of non-current asset (including
the write-off that accrued for impairment of assets) 36334.95
Governmental subsidy calculated into current gains and
losses(while closely related with the normal business of the
Company the government subsidy that accord with the Mainly due to government
11706548.76
provision of national policies and are continuously enjoyed in subsidies.line with a certain standard quota or quantity are excluded)
Gain and loss from change of the fair value arising from
transactional monetary assets transactional financial liabilities
Mainly due to the non
as held as well as the investment income arising from disposal
cancelable orders and change
of the transactional monetary assets transactional financial
-45481586.24 of the fair value of forward
liabilities and financial assets available for sale excluding the
foreign exchange contract
effective hedging transaction in connection with the Company’s
changes
normal business
Switch back of the impairment for receivables that has
impairment test independently 730284.97
Other non-operating income and expenses other than the above
-2109577.93
Less: impact on income tax
-4947542.79
Impact on minority shareholders’ equity (post-tax)
242452.19
Total
-30412904.89--
2CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss(revised in 2023)
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss (revised in 2023).(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
1.Changes and reasons of items in balance sheet
In RMB
Changes
Item Ending balance Opening balance Reasons of changes
ratio
Mainly due to the purchase of wealth
Trading financial
693164688.08 39236447.63 1666.63% management products by the Company
assets
in the current period.Mainly due to the increase in sales
Account receivable 2375000927.75 1633706889.06 45.37%
during the current period
Mainly due to the increase in stocking
Inventory 3402387173.63 2022738412.97 68.21%
for peak seasonin the current period.Mainly due to the transfer of the
Contract assets 9245092.98 13261690.62 -30.29% Company's contract assets to accounts
receivable in the current period
Mainly due to the maturity of the
Non-current asset due
22226166.67 122294027.78 -81.83% Company's large-amount certificates of
within one year
deposit in the current period
Mainly due to the increase in the
Company's fixed deposits and value-
Other current assets 316348294.36 225419883.07 40.34%
added tax to be deducted during the
current period
Mainly due to the increase in the
Creditor's rights
624913378.80 420537485.54 48.60% Company's large certificates of deposit
investment
in the current period.Mainly due to the non cancelable orders
Trading financial
42369591.70 32229012.86 31.46% and change of the fair value of forward
Liabilities
foreign exchange contract changes
Mainly due to the increase in the
Account payable 5231251785.68 3882303908.89 34.75% Company's procurement in the current
period.
2.Changes and reasons of items in profit statement
In RMB
3CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Item Current period Amount at the
Changes
same period of Reasons of changes
ratio
last year
Mainly due to the payment of the waste
electrical and electronic products disposal
Tax and extras 26505967.26 39314902.23 -32.58% fund in the previous period and there is
none of that in the current period.Mainly due to the Company's recognition
Other income 30658322.37 11993948.27 155.61% of VAT deductible income in the current
period
Mainly due to the decrease in investment
income obtained from the disposal of
Investment earnings 4806025.95 11296852.87 -57.46% trading financial assets by the Company
during the current period
Mainly due to the non cancelable orders
Gains on changes in
-36212338.39 1581886.04 -2389.19% and change of the fair value of forward
fair value
foreign exchange contract changes
Mainly due to the reversal of the
Credit impairment loss 1826872.78 -15886816.82 -111.50% Company's bad debt provision in the
current period
Mainly due to the decrease in liquidated
Non-operating income 842845.67 5645604.54 -85.07% damages received by the Company during
the period
Non-operating Mainly due to the provision of plant
2952423.60633242.26366.24%
expenses relocation expenses in the current period
Mainly due to the increase in income tax
expense due to the increase in the
Income tax expenses 20354739.63 7491433.56 171.71%
Company's taxable income in the current
period
3.Changes and reasons of items in cash flow statement
In RMB
Item Current period Amount at the
Changes
same period of last Reasons of changes
ratio
year
Mainly due to the YOY increase
in export tax rebates received by
Tax refund received 256947465.72 119861984.88 114.37%
the Company during the current
period
Mainly due to the YOY decrease
Other cash received
in the guarantee deposit recovered
concerning operation 12948696.05 23940223.82 -45.91%
by the Company in the current
activities
period
Mainly due to the YOY decrease
Cash received from recovery in the recovery of the Company's
100000000.00150000000.00-33.33%
of investment wealth management products in
the current period
Mainly due to that the Company
received dividends from
Cash received from absorbing
2535371.20 11517830.00 -77.99% associates in the previous period
investment
but there is no such dividend in
the current period
Mainly due to the YOY increase
in the Company's purchase of
Cash paid for investments 980000000.00 560000000.00 75.00% wealth management products and
large-amount certificates of
deposit in the current period.Mainly due to the increase in
Cash received from
560575979.93 248567208.06 125.52% bank borrowings obtained by the
borrowing
Company during the period
Other cash received Mainly due to the YOY decrease
concerning financing 39855330.30 250646926.33 -84.10% in limited recovery of the
activities Company's guarantee deposits in
4CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Item Current period Amount at the
Changes
same period of last Reasons of changes
ratio
year
the current period.Cash paid for dividend and Mainly due to the YOY increase
profit distributing or interest 6720779.16 4998050.47 34.47% in bank interest paid by the
paying Company in the current period
Mainly due to the YOY decrease
Other cash paid concerning in restrictions of the Company
21636276.0045458808.90-52.40%
financing activities guarantee deposits in the current
period
Effect of exchange rate Mainly due to the change of
-432457.38-11739344.8396.32%
changes on cash exchange rate in the Period
II. Shareholders
(i)Total number of common shareholders and preference shareholders with voting rights recovered and
top ten shareholders
In Shares
Total number of common
Total preference shareholders with voting rights recovered at
shareholders at the end of report 42282 0
end of reporting period (if applicable)
period
Top ten shareholders
Information of shares
pledged tagged or
Proportion
Nature of Amount of Amount of lock- frozen
Shareholder’s name of shares
shareholder shares held up shares held
held State of
Amount
share
State-owned legal
Sichuan Changhong Electric Co. Ltd.person 24.12% 248457724 0 - --
Overseas Legal
HKSCC 6.42% 66131044 0 - -
person
Hefei Industry Investment Holding (Group) State-owned legal
3.68%379234010--
Co. Ltd. person
Domestic non-
The National Social Security Fund 101
state-owned legal 3.44% 35423661 0 - -
portfolio
person
Overseas Legal
CHANGHONG (HK) TRADING LIMITE 2.63% 27077797 0 - -
person
Overseas natural
CAOSHENGCHUN 1.43% 14766086 0 - -
person
Domestic non-
ICBC － Guangfa Jufeng hybrid securities
state-owned legal 1.36% 14000078 0 - -
investment fund
person
Industrial Bank－Southern Xingrun value one- Domestic non-
year holding period of hybrid securities state-owned legal 1.34% 13797353 0 - -
investment fund person
Domestic non-
ICBC － South Excellent Growth Stock
state-owned legal 1.25% 12823000 0 - -
Securities Investment Fund
person
5CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Domestic non-
China Construction Bank Co. Ltd.- Jiashixin
state-owned legal 1.17% 12082100 0 - -
Consumer Stock Securities Investment Fund
person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Sichuan Changhong Electric Co. Ltd. 248457724 RMB ordinary shares 248457724
Domestically listed
HKSCC 66131044 66131044
foreign shares
Hefei Industry Investment Holding (Group) Co.
37923401 RMB ordinary shares 37923401
Ltd.The National Social Security Fund 101 portfolio 35423661 RMB ordinary shares 35423661
Domestically listed
CHANGHONG (HK) TRADING LIMITE 27077797 27077797
foreign shares
Domestically listed
CAOSHENGCHUN 14766086 14766086
foreign shares
ICBC － Guangfa Jufeng hybrid securities
14000078 RMB ordinary shares 14000078
investment fund
Industrial Bank－Southern Xingrun value one-year
13797353 RMB ordinary shares 13797353
holding period of hybrid securities investment fund
ICBC－South Excellent Growth Stock Securities
12823000 RMB ordinary shares 12823000
Investment Fund
China Construction Bank Co. Ltd.- Jiashixin
12082100 RMB ordinary shares 12082100
Consumer Stock Securities Investment Fund
Among the above shareholders CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong
Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co. Ltd. the foregoing
shareholders constitute persons of uniform action. There existed no associated relationship or belong to the
Explanation on associated concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder
relationship among the Equity Changes of Listed Companies among Sichuan Changhong Electric Co. Ltd Hong Kong Changhong
aforesaid shareholders and other top 8 shareholders The company neither knows whether there is any association among other
shareholders nor knows whether other shareholders belong to the persons acting in concert that is stipulated in
the “Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies”.Explanation on top ten
shareholders involving
Not applicable
margin business (if
applicable)
Information of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10
shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and
borrowing business
□Applicable □Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared
with the previous period due to the securities lending/returning
□Applicable □Not applicable
6CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
(ii)Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end
of the report period
□ Applicable √Not applicable
III. Other important matters
√ Applicable □ Not applicable
Information index for temporary
Overview Date for disclosure
report disclosure
Through the resolution passed by the Company's board of directors it’s
agreed that the Company shall establish an ESG management organizational
structure and set up an ESG management committee under the board of
directors of the Company which is composed of six directors-Mr. Wu Juchao
Dinggang Mr. Zhong Ming Mr. Zhao Qilin Mr. Kou Huameng Mr. Hu February 202024 Website:http://www.cninfo.com.cn
Zhaogui and Ms. Mou Wen (independent directors)-of the board of directors （No.: 2024-004 and 2024-005）
of the Company and the chairman is Mr. Wu Dinggang taking effect from
the date of deliberation and approval of the board of directors and the term
of office of the above members is the same as that of the board of directors.Through the resolution passed by the Company's board of directors it’s
agreed that the Company will invest 88 million yuan to renovate the front-
Juchao
end production line of refrigerators in the Hefei manufacturing base in order
February 202024 Website:http://www.cninfo.com.cn
to enhance the Company's production and manufacturing capacity of（No.: 2024-004）
refrigerators in the Hefei base and enhance the product market
competitiveness.Through the resolution of the board of directors of the Company it’s agreed
that Sichuan Changhong Air Conditioning Co. Ltd. a subsidiary of the
Company will invest 100 million yuan by its own funds to establish a
Juchao
wholly-owned subsidiary Sichuan Changhong Air Conditioning Intelligent
March 152024 Website:http://www.cninfo.com.cn
Home Appliance Technology Co. Ltd. (tentative name subject to industrial（No.: 2024-006）
and commercial approval) to engage in related business with the
manufacturing and sales of variable frequency drive control boards in the air
conditioning industry (including special air conditioners) as the core.Through the resolution of the Company's board of directors and supervisory
board it’s agreed to the 2023 profit distribution plan of the Company. Based Juchao
on the total share capital of 1029923715 shares as of December 31 2023 a Website:http://www.cninfo.com.cn
cash dividend of 3 yuan (including tax) will be distributed to all shareholders March 302024
（No.: 2024-007 2024-008 and 2024-for every 10 shares without bonus shares or conversion of reserve funds into
010）
share capital. It’s expected to distribute a cash dividend of 308977114.50
yuan(including tax).Through the resolution of the Company's board of directors it’s agreed to
Juchao
appoint Pan-China Certified Public Accounts (LLP) as the auditing agency
March 302024 Website:http://www.cninfo.com.cn
for the Company's 2024 financial report and internal control with a term of（No.: 2024-007 and 2024-011）
one year.Through the resolution of the Company's board of directors and supervisory Juchao
board it’s agreed that the subsidiary of the Company Hefei Meiling Website:http://www.cninfo.com.cn
March 302024Nonferrous Metal Products Co. Ltd. will write off a total of 3092614.56 （No.: 2024-007 2024-008 and 2024-yuan in bad debts of part accounts receivable that cannot be recovered. 012）
Through the resolution of the board of directors of the Company it’s agreed
that the Company and its subsidiaries will carry out forward foreign
exchange fund trading business from July 1 2024 to June 30 2025 with a Juchao
transaction balance not exceeding 1.199 billion US dollars (mainly including March 302024 Website:http://www.cninfo.com.cn
US dollars Australian dollars Euros and all other foreign currencies （No.: 2024-007 and 2024-013）
converted into US dollars) and the delivery period of a single transaction
shall not exceed one year.Through the resolution of the Company's board of directors and supervisory Juchao
board it’s agreed to the Company’s formulated "Shareholders' Return Plan March 302024 Website:http://www.cninfo.com.cn
for the Next Three Years (2021-2023) by the Company". （No.: 2024-007 and 2024-008）
7CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Information index for temporary
Overview Date for disclosure
report disclosure
Through the resolution of the Company's board of directors and supervisory
board it’s agreed that the Company will increase the expected amount of no
more than 1138 million yuan (excluding tax) of routine related party
transactions including purchase of raw materials and commodities between
Juchao
the Company and its subsidiaries and Sichuan Changhong Electronic Holding
March 302024 Website:http://www.cninfo.com.cn
Group Co. Ltd. in 2024. After this increase it’s expected that the total（No.: 2024-007 and 2024-008）
amount of routine related party transactions between the Company and its
subsidiaries and Sichuan Changhong Electronic Holding Group Co. Ltd.including purchasing goods receiving services and leasing will not exceed
2938 million yuan (excluding tax) in 2024.
Through the resolution of the board of directors of the Company it’s agreed
that the Company and its subsidiaries can apply for a special line of up to Juchao
RMB 400 million for the bill pool to the Hefei Branch of Industrial Bank March 302024 Website:http://www.cninfo.com.cn
Co. Ltd; and apply to Hefei Branch Ping An Bank Co. Ltd. for a special （No.: 2024-007 and 2024-015）
credit line of up to RMB 500 million for the bill pool.IV. Quarterly financial statements
(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Changhong Meiling Co. Ltd.In RMB
Item Ending balance Opening balance
Current assets:
Monetary fund
7922075565.978840685525.71
Settlement provisions
Capital lent
Trading financial assets
693164688.0839236447.63
Derivative financial assets
Note receivable
228500.00267174.50
Account receivable
2375000927.751633706889.06
Receivable financing
1761920592.801641858740.34
Account paid in advance
40216846.5545738805.90
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable
88885982.1482953808.97
Including: Interest receivable
Dividend receivable
8CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Buying back the sale of financial assets
Inventory
3402387173.632022738412.97
Contract assets
9245092.9813261690.62
Assets held for sale
Non-current asset due within one year
22226166.67122294027.78
Other current assets
316348294.36225419883.07
Total current assets
16631699830.9314668161406.55
Non-current assets:
Loans and payments on behalf
Creditor's rights investment 624913378.80 420537485.54
Other Creditor's rights investment
Long-term account receivable
Long-term equity investment
117123664.62112745811.75
Investment in other equity instrument
Other non-current financial assets
674139515.48674139515.48
Investment real estate
50442654.5850920487.71
Fixed assets
2168396156.232136912034.28
Construction in progress
54879258.3569920839.20
Productive biological asset
Oil and gas asset
Right-of-use assets
49798868.3849993400.61
Intangible assets
886849631.15886455434.73
Expense on research and development
95193192.6697177535.34
Goodwill
Long-term expenses to be apportioned
33377822.9835698465.62
Deferred income tax asset
153713398.16162340495.03
Other non-current assets
20936232.4126601614.35
Total non-current asset
4929763773.804723443119.64
Total assets
21561463604.7319391604526.19
Current liabilities:
Short-term loans 1247208244.26 1134102419.03
Loan from central bank
Capital borrowed
Trading financial liability
42369591.7032229012.86
9CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Derivative financial liability
Note payable
6291342844.455904387089.98
Account payable
5231251785.683882303908.89
Accounts received in advance
24036.6955949.90
Contract liabilities
474082425.90405698756.02
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable
392902465.90443612216.56
Taxes payable
95345968.5591917751.71
Other account payable
1026377817.65884714721.30
Including: Interest payable
Dividend payable
4654612.125384407.44
Commission charge and commission
payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year
49295443.9348822798.47
Other current liabilities
19272913.3819172541.50
Total current liabilities
14869473538.0912847017166.22
Non-current liabilities:
Insurance contract reserve
Long-term loans
108000000.00108000000.00
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability
41615065.5143488292.70
Long-term account payable
714113.18800347.84
Long-term wages payable
11119405.8211417181.82
Accrual liability
33452563.4432054790.39
Deferred income
126075154.57132977494.33
Deferred income tax liabilities
17526566.0521814466.43
Other non-current liabilities
10CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Total non-current liabilities
338502868.57350552573.51
Total liabilities
15207976406.6613197569739.73
Owner’s equity:
Share capital
1029923715.001029923715.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve
2805503457.772805503457.77
Less: Treasury shares
Other comprehensive income -21170679.74 -20704362.05
Special reserve 12196535.23 11246811.91
Surplus public reserve
477053194.82477053194.82
Provision of general risk
Retained profit
1677296067.211521759836.64
Total owner’ s equity attributable to parent
company 5980802290.29 5824782654.09
Minority interests
372684907.78369252132.37
Total owner’ s equity
6353487198.076194034786.46
Total liabilities and owner’ s equity
21561463604.7319391604526.19
Legal Representative: Wu Dinggang
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
2. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income
5940062392.735025237527.25
Including: Operating income
5940062392.735025237527.25
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost
5749860510.774890898229.81
Including: Operating cost
5144642937.714288663147.76
Interest expense
11CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras
26505967.2639314902.23
Sales expense
417478652.51396134102.96
Administrative expense
70645748.9777699944.12
R&D expense
132424604.27127905030.12
Financial expenses
-41837399.95-38818897.38
Including: Interest expenses
6712613.155614718.39
Interest income
48736992.0239706698.73
Add: other income
30658322.3711993948.27
Investment income
4806025.9511296852.87
Including: Investment income on affiliated company and joint
venture 6580724.07 6156271.45
The termination of income recognition for financial assets
measured by amortized cost -589721.74 -2610734.55
Exchange income
Net exposure hedging income
Income from change of fair value
-36212338.391581886.04
Loss of credit impairment
1826872.78-15886816.82
Losses of devaluation of asset (
-10212156.71-12758737.76
Income from assets disposal
36334.95
III. Operating profit (Loss is listed with “-”)
181104942.91130566430.04
Add: Non-operating income
842845.675645604.54
Less: Non-operating expense
2952423.60633242.26
IV. Total profit (Loss is listed with “-”)
178995364.98135578792.32
Less: Income tax expense
20354739.637491433.56
V. Net profit (Net loss is listed with “-”)
158640625.35128087358.76
(i) Classify by business continuity
1. Net profit from continuing operations (net loss listed with “-”)
158640625.35128087358.76
2. Net profit from termination of operations (net loss listed with “-”)
12CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent company
155536230.57122540351.10
2.Minority shareholders’ gains and losses
3104394.785547007.66
VI. Net after-tax of other comprehensive income
-444448.871054218.75
Net after-tax of other comprehensive income attributable to
owners of parent company -466317.69 812237.88
(i) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that cannot be
transfer to gain/loss
3.Change of fair value of investment in other equity instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be reclassified
subsequently to profit or loss -466317.69 812237.88
1.Other comprehensive income under equity method that can
transfer to gain/loss
2.Change of fair value of other debt investment
3.Amount of financial assets re-classify to other comprehensive
income
4.Credit impairment provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences arising on translation of foreign currency
financial statements -466317.69 812237.88
7.Other
Net after-tax of other comprehensive income attributable to
minority shareholders 21868.82 241980.87
VII. Total comprehensive income
158196176.48129141577.51
Total comprehensive income attributable to owners of parent
Company 155069912.88 123352588.98
Total comprehensive income attributable to minority shareholders
3126263.605788988.53
VIII. Earnings per share:
(i) Basic earnings per share 0.1510 0.1190
(ii) Diluted earnings per share 0.1510 0.1190
Enterprise combine under the same control in the Period the combined party realized net profit of 0.00 Yuan
before combination and realized 0.00 Yuan at last period for combined party.Legal Representative: Wu Dinggang
13CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
3. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services
5613732114.234561489109.85
Net increase of customer deposit and interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from other financial institution
Cash received from original insurance contract fee
Net cash received from reinsurance business
Net increase of insured savings and investment
Cash received from interest commission charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase of securities
Write-back of tax received
256947465.72119861984.88
Other cash received concerning operating activities
12948696.0523940223.82
Subtotal of cash inflow arising from operating activities
5883628276.004705291318.55
Cash paid for purchasing commodities and receiving labor service
5173799436.044319024021.57
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Net increase of capital lent
Cash paid for interest commission charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers
543975632.36500241447.73
Taxes paid
94056077.4575109108.69
Other cash paid concerning operating activities
185880313.75182925417.04
Subtotal of cash outflow arising from operating activities
5997711459.605077299995.03
Net cash flows arising from operating activities
-114083183.60-372008676.48
II. Cash flows arising from investing activities:
14CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024
Cash received from recovering investment
100000000.00150000000.00
Cash received from investment income
2535371.2011517830.00
Net cash received from disposal of fixed intangible and other long-term
assets 95000.00 114445.00
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
58819533.0954625623.42
Subtotal of cash inflow from investing activities
161449904.29216257898.42
Cash paid for purchasing fixed intangible and other long-term assets
75706154.2169827261.89
Cash paid for investment
980000000.00560000000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities
8997.51
Subtotal of cash outflow from investing activities
1055706154.21629836259.40
Net cash flows arising from investing activities
-894256249.92-413578360.98
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing minority shareholders’ investment
by subsidiaries
Cash received from loans
560575979.93248567208.06
Other cash received concerning financing activities
39855330.30250646926.33
Subtotal of cash inflow from financing activities
600431310.23499214134.39
Cash paid for settling debts
448206057.48435000000.00
Cash paid for dividend and profit distributing or interest paying
6720779.164998050.47
Including: Dividend and profit of minority shareholder paid by subsidiaries
Other cash paid concerning financing activities
21636276.0045458808.90
Subtotal of cash outflow from financing activities
476563112.64485456859.37
Net cash flows arising from financing activities
123868197.5913757275.02
IV. Influence on cash and cash equivalents due to fluctuation in exchange
rate -432457.38 -11739344.83
V. Net increase of cash and cash equivalents
-884903693.31-783569107.27
Add: Balance of cash and cash equivalents at the period-begin
8391128635.876113222069.76
VI. Balance of cash and cash equivalents at the period-end
7506224942.565329652962.49
Legal Representative: Wu Dinggang
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
15CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2024（ii）The Company started implementing the updated accounting standards commencing from 2024
and adjusted the relevant items in the financial statements at the beginning of the very year involved
in the initial implementation of the said standards
□Applicable √Not applicable
(iii) Audit report
Whether the First quarterly report has been audited or not
□Yes √ No
The First quarterly report of the Company has not been audited.Board of Directors of Changhong Meiling Co. Ltd.April 20 2024。
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