Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
Anhui Zhongding Sealing Parts Co.Ltd.Report of Q1 2025
Stock Abbreviation: Zhongding Stock
Stock code: 000887
April 2025
1Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
The Company and all members of the Board of Directors have guaranteed that the
information disclosed is true accurate and complete and contains no false record
misleading statements or material omissions.Important Notice：
1. Board of Directors the Supervisory Committee as well as all the directors supervisors and senior
management staff of Anhui Zhongding Sealing Parts Co. Ltd. (hereinafter referred to as the “Company”)
have guaranteed that this Report contains no false record misleading statement or material omission and
shall be jointly and severally liable for the factuality accuracy and completeness of the information given in
this Report.
2. CEO of the Company CFO of the Company and Chief Accountant of Accounting Institution declared that
the quarterly financial statements should be true accurate and complete.In case of any discrepancy the Chinese version of the report shall prevail.
3. Whether the first quarter report was audited
□ Yes √ No
2Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
1. The Main Financial Data
(1) Main accounting data and financial indicators
Whether the company needs to retrospectively adjust or restate accounting data for previous years
□ Yes □ No
Unit: yuan
2025 Q1 2024Q1 YoY Change
Operating Revenues 4854188014.79 4692198237.48 3.45%
Net profit attributable to
shareholders of the
402511020.02360935095.4111.52%
Company
Net profit attributable to
shareholders of the
Company before non- 366728480.92 302014681.35 21.43%
recurring gains and losses
Net cash flows from
operating activities 336931381.34 322482469.62 4.48%
Basic earnings per share
(RMB Yuan
0.310.2714.81%
/share)
Diluted earnings per
share (RMB Yuan
0.310.2714.81%
/share)
Weighted average return
on net assets 3.05% 2.96% 0.09%
30t h March 2025 31 s t December 2024 YoY Change
Total Assets 24671486683.43 24124759391.49 2.27%
Net assets attributable to
shareholders of the 13407885969.98 12972912198.68 3.35%
Company
(2) Non-recurring gain and loss items and amounts thereof
□Applicable □N/A Item
Unit:yuan
Item 2025 Q1 Note
Profit or loss from disposal of non-current
assets (including the write-off of the 4340613.36
provision for impairment of assets)
Government grants included in the current 8427036.76
3Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
profit or loss (that is closely related to the
operations of the Company except for those
of fixed quotas or amounts according to the
nationally unified standards)
Gains or losses from changes in fair value
arising from the holding of trading financial
assets derivative financial assets trading
financial liabilities and derivative financial
liabilities and investment income from the
disposal of trading financial assets derivative 9625556.69
financial assets trading financial liabilities
derivative financial liabilities and other debt
investments excluding the effective hedging
business related to the Company’s normal
business operations
Profits and losses arising from entrusted loans
17448550.72
to external parties
Other non-operating income or expenses 2658229.77
except the above items
Less: Impact of income taxes 6400335.33
Impact of minority interests (after tax) 317112.87
Total 35782539.10
Details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ N/A
Not Applicable to the Company.For non-recurring profit or loss items defined by the Company according to the definitions under the
Interpretative Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1
— Non-recurring Profit or Loss and the non-recurring profit or loss items listed in the Interpretative
Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1 — Non-
recurring Profit or Loss that have been defined as recurring profit or loss items by the Company please provide
the reasons
□ Applicable √ N/A
Not Applicable to the Company.
(3) Major Changes of Main Items in Financial Statements and Financial Indicators within
the Report Period as well as the Reasons for the Changes
□ Applicable □ N/A
Explanation of the reasons for the changes
单位：元
Project March 31 2025 / December 31 2024 /
January-March 2025 January to March Change amount change range Explanation
4Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
2024 Percentage
Change amount change (%) Explanation
The main reason for the
increase is that the number
Trading financial
of bank wealth management
assets
products has risen this
1086604978.40 526218464.04 560386514.36 106.49% （1） period.
The main reason for the
increase is that the price
of locked-in materials rose
Advance payment
this period leading to an
increase in advance payment
458238218.97 199978617.66 258259601.31 129.14% （2） for goods.
The main reason for the
increase is that the number
Long-term equity
of long-term equity
investment
investment projects has
152057559.80 85348489.38 66709070.42 78.16% （3） risen this period.
The main reason for the
increase is that the amount
Notes Payable
of acceptance issued this
887261292.11 680142343.18 207118948.93 30.45% （4） period has risen.
The main reason for the
increase is that the
Provision for
liability items in the
liabilities
current period have
88255127.10 57235197.88 31019929.22 54.20% （5） increased as expected.
The main reason for the
increase is that the change
Credit impairment amount of accounts
loss receivable in this period
is greater than that of the
-3480507.98 5959144.22 -9439652.20 -158.41% （6） same period last year.The main reason for the
decrease is that the amount
Impairment loss of of inventory change in the
assets current period is less than
that in the same period
-8964320.56 -20973958.35 12009637.79 -57.26% （7） last year.The main reason for the
reduction is the change in
fair value of trading
Gain from changes
financial assets and other
in fair value
non-current financial
assets during the current
-296043.21 -1963480.75 1667437.54 -84.92% （8） period.The main reason for the
Non-operating decrease is that the income
income from non-operating items in
3836632.47 7398599.67 -3561967.20 -48.14% （9） this period has decreased.
The main reason for the
increase is that the
Non-operating
expenditure on non-
expenses
operating items has risen
2305475.22 824128.91 1481346.31 179.75% （10） this period.
The main reason for the
reduction is that the
Received tax
amount of tax rebates
rebates and refunds
received this period has
9479647.07 17103377.76 -7623730.69 -44.57% （11） decreased.
Net cash received The main reason for the
from disposal of increase is that the amount
fixed assets of proceeds from the sale
intangible assets of assets received this
and other long-term 36953020.75 334661.18 36618359.57 10941.92% （12） period has risen.
5Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
assets
The main reason for the
Net cash received
reduction is that last year
from disposal of
we received the proceeds
subsidiaries and
from the disposal of the
other business units
- 10729282.63 -10729282.63 -100.00% （13） subsidiary.Cash paid for the
purchase and
The main reason for the
construction of
increase is that the amount
fixed assets
of capitalization payment
intangible assets
made this period has risen.and other long-term
assets 358506147.53 200971024.58 157535122.95 78.39% （14）
The main reason for the
decrease is that the
Cash paid for
payment for external
investment
investment made this period
68500000.00 124800000.00 -56300000.00 -45.11% （15） has decreased.
Cash paid for The main reason for the
other activities increase is that the
related to payment for purchasing
investment wealth management products
activities 1648838587.55 1162721704.83 486116882.72 41.81% （16） has risen this period.The main reason for the
decrease is that the
Cash received from
subsidiary received less
absorption of
investment funds from
investment
minority shareholders this
2660000.00 22565000.00 -19905000.00 -88.21% （17） period.
The main reason for the
Cash paid for
increase is that the
other activities
payment of the bill
related to financing
guarantee deposit has risen
activities
16147469.64 9653754.87 6493714.77 67.27% （18） this period.
The impact of The main reason for the
exchange rate increase is that the
fluctuations on cash exchange rate of the euro
and cash equivalents 20080238.40 -9575466.50 29655704.90 -309.71% （19） against the RMB has risen.
2. Shareholders and Shares
(1) Total number of common shareholders and number of preferred shareholders whose
voting rights were restored shareholdings of the top ten common shareholders at the
period-end
unit：share
Total number of common Total number of preferred shareholders
shareholders at the end of the 92846 with resumed voting rights at the end of the 0
Reporting Period Reporting Period (if any)
Top 10 common shareholders
Number Pledged or frozen shares
Total shares of
Name of Nature of Shareholding
held at the restricted
shareholders shareholders percentage Status Number
period-end shares
held
Anhui Domestic
40.46% 532701321.00 pledged 142500000.00
Zhongding non- state-
6Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
Holding owned
(Group) Co. corporation
LTD
Hong Kong
Securities Foreign
4.02%52877234.00
Clearing Co. corporation
Ltd. (HKSCC)
ZhangJianCh Domestic
0.94%12400000.00
eng natural person
China
Agricultural
Bank Co.Ltd. - CSI
500 Trading-
Others 0.76% 10018929.00
Open-ended
Index
Securities
Investment
Fund
Domestic
JiangShiBo 0.61% 8000000.00
natural person
Miao Su 0.58% 7608102.00
Agricultural
Bank of
China Life
Insurance
Co. Ltd. - Others 0.46% 6047020.00
Traditional -
Ordinary
Insurance
Product
China Life
Insurance
Company
Limited -
Traditional -
Others 0.44% 5757215.00
General
Insurance
Products -
005L-CT001
Shanghai
Domestic
Zhao Xiyi 0.43% 5720666.00
natural person
Domestic
Lu Guixin 0.30% 4000000.00
natural person
Top 10 non-restricted common shareholders
Number of non-restricted shares held Type of shares
Name of shareholder Type of Number
shares
RMB
Anhui Zhongding Holding
532701321.00 common 532701321.00 (Group) Co. LTD
stock
RMB
Hong Kong Securities
52877234.00 common 52877234.00 Clearing Co. Ltd. (HKSCC)
stock
RMB
ZhangJianCheng 12400000.00 12400000.00
common
7Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
stock
China Agricultural Bank Co.RMB
Ltd. - CSI 500 Trading-Open-
10018929.00 common 10018929.00
ended Index Securities
stock
Investment Fund
RMB
JiangShiBo 8000000.00 common 8000000.00
stock
RMB
Miao Su 7608102.00 common 7608102.00
stock
Agricultural Bank of China
RMB
Life Insurance Co. Ltd. -
6047020.00 common 6047020.00
Traditional - Ordinary
stock
Insurance Product
China Life Insurance
Company Limited - RMB
Traditional - General 5757215.00 common 5757215.00
Insurance Products -005L- stock
CT001 Shanghai
RMB
Zhao Xiyi 5720666.00 common 5720666.00
stock
RMB
Lu Guixin 4000000.00 common 4000000.00
stock
The company does not know whether there is an associated relationship
between the shareholders and whether it is a person acting in concert
Related or acting-in-concert parties among
stipulated in the Administrative Measures for the Disclosure of
shareholders above
Information on Changes in Shareholdings of Shareholders of Listed
Companies.As of March 31 2025 among the top 10 shareholders of the Company
shareholder Jiang Shibo held 8000000 shares of the Company through
Notes on the existence of
the customer credit transaction secured Securities account of CITIC
repurchase specialized accounts among the Securities Co. LTD. and shareholder Miao Su held 7607441 shares of
top 10 shareholders (if any) the Company through the customer credit transaction Secured Securities
account of Huaxi Securities Co. LTD.The lending of shares by shareholders holding more than 5% of shares top 10 shareholders and top 10
shareholders with non-restricted sharesthe in the securities financing business
□ Applicable □ N/A
Changes in the top 10 shareholders and the top 10 shareholders without selling restriction due to
securitieslending/returning transactions of refinancing business compared to the previous period
□ Applicable □ N/A
(2) Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and
8Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
Their Shareholdings
□ Applicable √ N/A
3. Other Important Matters
□ Applicable √ N/A
4. Quarterly Financial Statements
(1) Financial Statements
a. Consolidated Balance Sheet
Prepared by：Anhui Zhongding Sealing Parts. Ltd.
31 March 2025
Unit：yuan
Item 31 March 2025 31 December 2024
Current assets:
Cash at bank and on hand 2312216938.76 2772344517.25
Deposit reservation for balance
Lending funds
Trading financial assets 1086604978.40 526218464.04
Derivative financial assets
Notes receivable 579362733.05 654448526.64
Accounts receivable 4071654090.25 4208993504.62
Receivables financing 590830342.49 474174107.07
Prepaid expense 458238218.97 199978617.66
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 163690311.94 158681114.28
Including: interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 3772583020.01 3788052742.57
Including: data resource
Contract assets 241004586.88 224767726.05
Holding assets for sale
Current portion of non-current assets
Other current assets 1157113953.53 1111560247.12
Total current assets 14433299174.28 14119219567.30
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
9Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
Long-term receivables
Long-term equity investments 152057559.80 85348489.38
Investments in other equity 30000000.00 30000000.00
instruments
Other non-current financial assets 481635825.17 481449114.92
Investment properties
Fixed assets 5043639010.83 5062571835.43
Construction in progress 660104423.83 508313962.16
Productive biological asset
Oil and gas assets
Right-of-use assets 323892802.51 336753573.84
Intangible assets 674515884.00 682203751.59
Including: data resource
Development expenditures
Including: data resource
Goodwill 2337302823.32 2267763602.71
Long-term prepaid expenses 63871622.08 66802511.07
Deferred tax assets 232973374.45 227928250.46
Other non-current assets 238194183.16 256529073.39
Total non-current assets 10238187509.15 10005664164.95
TOTAL ASSETS 24671486683.43 24124883732.25
Current liabilities:
Short-term borrowings 2468128720.48 2294149549.93
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liability 1475321.70 718418.52
Notes payable 887261292.11 680142343.18
Accounts payable 3141366947.94 3497648333.91
Unearned revenue
Contract liabilities 57270162.23 76347225.04
Financial assets sold for repurchase
Deposits from customers and
interbank
Receiving from vicariously traded
securities
Receiving from vicariously sold
securities
Payroll payable 425184686.19 444903861.21
Tax payable 218135771.43 200049854.02
Other payables 142097270.94 163984907.68
Including: Interest payable
Dividend payable 1185.84 1185.84
Handling fees and commissions
payable
Dividend payable for reinsurance
Holding liabilities for sale
Current portion of non-current 2341123366.28 2289594104.53
liabilities
Other current liabilities 9155349.13 9422219.53
10Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
Total current liabilities 9691198888.43 9656960817.55
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings 718374425.31 713712248.75
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 237005403.13 242954806.80
Long-term payables
Long-term payroll payable 117538420.90 112020015.23
Accrued liabilities 88255127.10 57235197.88
Deferred income 352767827.72 309879718.84
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 1513941204.16 1435801987.50
Total liabilities 11205140092.59 11092762805.05
Shareholders’ equity
Share capital 1316489747.00 1316489747.00
Other equity instruments
Including: Preferred stock
Perpetual bond
Capital surplus 3394079775.59 3394079775.59
Less: Treasury stock
Other comprehensive income -217674035.01 -249954047.32
Special reserve 2254577.98 2071839.01
Surplus reserve 669753166.88 669753166.88
General risk reserve
Undistributed profits 8242982737.54 7840596058.28
Total equity attributable to shareholders 13407885969.98 12973036539.44
of the Company
Minority interests 58460620.86 59084387.76
Total shareholders’ equity 13466346590.84 13032120927.20
TOTAL LIABILITIES AND 24671486683.43 24124883732.25
SHAREHOLDERS’ EQUITY
Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian
b. Consolidated Income Statements for the Three Months Ended 31March 2025
Unit：yuan
Item Q1 of 2025 Q1 of 2024
Total revenue 4854188014.79 4692198237.48
Including: Operating revenue 4854188014.79 4692198237.48
Interest income
Earned Premium
Handling fees and
commission income
Total revenue 4426182865.18 4317593564.22
Including: Operating revenue 3721982390.18 3640255554.78
11Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
Interest income
Handling fees and
commission expenses
Surrender value
Net payments for
insurance claims
Net provision for
insurance liability
Bond insurance
expense
Amortized
Reinsurance
Expenditures
Taxes and surcharges 32345480.82 31887051.91
Selling and distribution 115152407.72 117084377.09
expenses
General and
administrative 267382919.01 243993726.30
expenses
Research and 244560642.83 215009332.11
development expenses
Financial income 44759024.62 69363522.03
Including: Interest 57569464.51 57639712.41
expenses
Interest income 7329427.89 3665976.25
Add: Other income 34208306.88 43581732.06
Investment income/(loss) 24369185.82 22523118.12
Including: Investment
income from associates -3111811.77 -4598895.66
and joint ventures
Including: Profits
or losses arising from
derecognition of financial
assets measured at amortized
costs
Foreign exchange
gains/(losses)
Net exposure to hedging
gains/(losses)
Gains/(Losses) on -296043.21 -1963480.75
changes in fair value
Credit impairment losses -3480507.98 5959144.22
Asset impairment losses -8964320.56 -20973958.35
Losses on disposal of 8464951.85 -186376.00
assets
Operating profit 482306722.41 423544852.56
Add: Non-operating income 3836632.47 7398599.67
Less: Non-operating expenses 2305475.22 824128.91
Total profit 483837879.66 430119323.32
Less: Income tax expenses 84611879.92 71336165.09
Net Profit 399225999.74 358783158.23
(1) Classified by continuity of
operations
Net profit from continuing 399225999.74 358783158.23
12Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
operations
Net profit from discontinued
operations
(2) Classified by ownership of
the equity
Attributable to shareholders of 402511020.02 360935095.41
the Company
Minority interests -3285020.28 -2151937.18
Other comprehensive income net 32280012.31 -67227079.40
of tax
Other comprehensive
income attributable to 32280012.31 -67227079.40
equity owners of the
Company net of tax
(1) Other comprehensive
income items which will not be -2540432.72 2163320.84
reclassified subsequently to
profit or loss
1) Changes arising from
remeasurement of
-2540432.722163320.84
defined benefit
plan
2) Other
comprehensive income that
cannot be transferred to profit or
loss under the equity method
3) Changes in
fair value of investments in
other equity instruments
4) Changes in fair value
of an enterprise's own
credit risk
5) Others
(2) Other comprehensive
income items which will be 34820445.03 -69390400.24
reclassified subsequently to
profit or loss
1) Other
comprehensive income available
for transfer to profit or loss under
the equity method
2) Changes in fair value
of other debt
investments
3) Reclassification of
financial assets to other
comprehensive income
4) Provision for credit
impairment of other
debt investments
5) Cash flow hedge
reserve
6) Exchange differences
on translating foreign 34820445.03 -69390400.24
operations
7) Others
Other comprehensive income
attributable to minority
13Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
shareholders net of tax
Total comprehensive income 431506012.05 291556078.83
Attributable to equity owners 434791032.33 293708016.01
of the Company
Attributable to minority -3285020.28 -2151937.18
interests
Earnings per share:
(1) Basic earnings per share 0.31 0.27
(2) Diluted earnings per share 0.31 0.27
In the case of a business combination under the same control in the current period the net income realized by the party being
consolidated before the combination was: RMB and the net income realized by the party being consolidated in the previous
period was: RMB.Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian
c. Consolidated Cash Flow Statements
Unit：yuan
Item Q1 of 2025 Q1 of 2024
1. Cash flows from operating
activities
Cash received from sales of 4154901017.91 4018440517.56
goods or rendering of services
Net increase in customer
deposits and deposits from banks
and other financial institutions
Net decrease in deposits with the
Central Bank
Net decrease in deposits with
other financial institutions
Cash received from premiums
of original insurance contracts
Net cash received from
reinsurance operations
Net increase in policyholders'
savings and investment funds
Cash received from interest
fee and commission
Net increase in borrowed
funds
Net increase in funds for
repurchase operations
Net cash received from
agency purchases and sales of
securities
Refund of taxes and 9479647.07 17103377.76
surcharges
Cash received relating to other 59109107.66 58768126.48
operating activities
Sub-total of cash inflows 4223489772.64 4094312021.80
Cash paid for goods and 2275679807.46 2216727168.55
14Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
services
Net increase in loans and
advances to customers
Deposits from banks and other
financial institutions
Cash payment of benefits
from the original insurance
contract
Net increase in funds removed
Cash paid for interest fee and
commission
Cash paid as policy dividends
Cash paid to and on behalf of 1177117877.03 1142637229.70
employees
Payments of taxes and 227761923.83 222215286.80
surcharges
Cash paid relating to other 205998782.98 190249867.13
operating activities
Sub-total of cash outflows 3886558391.30 3771829552.18
Net cash flows from operating 336931381.34 322482469.62
activities
2. Cash flows from investing
activities
Cash received from disposal 0.00 0.00
of investments
Cash received from returns on 0.00 0.00
investments
Net cash received from
disposal of fixed assets 36953020.75 334661.18
intangible assets and other long-
term assets
Net cash received from disposal of
subsidiaries and other business 0.00 10729282.63
units
Cash received relating to other 1075995819.06 1093760159.84
investing activities
Sub-total of cash inflows 1112948839.81 1104824103.65
Cash paid to acquire fixed
assets intangible assets and 358506147.53 200971024.58
other long- term assets
Cash paid to acquire 68500000.00 124800000.00
investments
Net increase in pledged loans
Net cash paid to acquire
subsidiaries and other business 0.00 0.00
units
Cash paid relating to other 1648838587.55 1162721704.83
investing activities
Sub-total of cash outflows 2075844735.08 1488492729.41
Net cash flows from investing -962895895.27 -383668625.76
activities
3. Cash flows from financing
activities
Cash received from capital 2660000.00 22565000.00
contributions
15Anhui Zhongding Sealing Parts Co.Ltd. Report of Q1 2025
Including: Cash received
from capital contributions by 2660000.00 22565000.00
minority shareholders of
subsidiaries
Cash received from 1492506730.40 1264990923.54
borrowings
Cash received relating to other
18159280.4124035219.33
financing activities
Sub-total of cash inflows 1513326010.81 1311591142.87
Cash repayments of 1283428162.49 1022403489.86
borrowings
Cash payments for interest
expenses and distribution of 45887930.36 56671158.27
dividends or profits
Including: Cash payments for
dividends or profit to minority
shareholders of subsidiaries
Cash payments relating to 16147469.64 9653754.87
other financing activities
Sub-total of cash outflows 1345463562.49 1088728403.00
Net cash flows from financing 167862448.32 222862739.87
activities
4. Effect of foreign exchange rate
changes on cash and cash 20080238.40 -9575466.50
equivalents
5. Net increase in cash and cash -438021827.21 152101117.23
equivalents
Add: Cash and cash
equivalents at the beginning of 2697486431.30 1774186205.78
the period
6. Cash and cash equivalents at the 2259464604.09 1926287323.01
end of the period
(2) Adjustments to financial statements at the beginning of the year of first implementation
of new accounting standards for the first time starting in 2025
□ Applicable √ N/A
(3) Auditing Report
Whether the first quarterly report was audited
□ Yes √ No
The first quarterly report was not audited.
16
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