Shenzhen Zhongheng Huafa Co. Ltd.THE THIRD QUARTERLY REPORT FOR 2019
October 2019
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Zhongheng
Huafa Co. Ltd. (hereinafter referred to as the Company) and its directors
supervisors and senior executives hereby confirm that there are no any fictitious
statements misleading statements or important omissions carried in this report
and shall take all responsibilities individual and/or joint for the reality
accuracy and completion of the whole contents.
All directors of the Company are attended the Meeting for quarterly report
deliberation.Principal of the Company Li Zhongqiu Person in Charge of Accounting Works
Yang Bin and Person in Charge of Accounting Organ (Accounting Officer) Wu
Aijie hereby confirm that the Financial Report of the Third Quarterly Report is
authentic accurate and complete.Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period-end Period-end of last year Increase/decrease
Total assets (RMB) 592145349.79 617090153.46 -4.04%
Net assets attributable to
shareholders of listed company
(RMB)
327344694.46 323968000.74 1.04%
Current period
Increase/decrease in
comparison with same
period of last year
Year-begin to end of
the Period
Increase/decrease in
comparison with
year-begin to
Period-end of last year
Operating revenue (RMB) 209822500.84 40.84% 549012674.89 12.05%
Net profit attributable to
shareholders of the listed company
(RMB)
796282.59 131.84% 3376693.72 578.74%
Net profit attributable to
shareholders of the listed company
after deducting non-recurring gains
and losses (RMB)
-207411.34 93.91% 1990500.72 247.14%
Net cash flow arising from
operating activities (RMB)
-- -- 53802230.92 199.57%
Basic earnings per share
(RMB/Share)
0.0028 131.82% 0.0119 561.11%
Diluted earnings per share
(RMB/Share)
0.0028 131.82% 0.0119 561.11%
Weighted average ROE 0.25% 1.03% 1.04% 0.88%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Item
Amount from year-begin to
end of the Period
Note
Gains/losses from the disposal of non-current asset (including the
write-off that accrued for impairment of assets)
134781.12
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
national standards which are closely relevant to enterprise’s
business)
864100.00
Gains and losses from assets under trusted investment or
management 100734.31
Other non-operating income and expenditure except for the
aforementioned items
603744.38
Less: impact on income tax 317166.81
Total 1386193.00 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss and 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 explain reasons
□ Applicable √ Not applicable
In reporting period the Company has no particular about 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.II. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
1. Total number of common shareholders at the end of this report period and top ten common shareholders
In Share
Total common stock shareholders in
reporting period-end
24275
Total preference shareholders
with voting rights recovered at
end of reporting period (if
applicable)
0
Top ten shareholders
Shareholders
Nature of
shareholder
Proportion of
shares held
Amount of shares
held
Amount of
restricted shares
held
Number of share pledged/frozen
State of share Amount
Wuhan
Zhongheng New
Science &
Technology
Industrial Group
Co. Ltd.
Domestic
non-state-owned
legal person
42.13% 119289894 0
Pledged 116100000
Frozen 119289894
SEG (HONG
KONG) CO.Overseas legal
person
5.85% 16569560 0
Pledged 0
Frozen 0
LTD.
GOOD HOPE
CORNER
INVESTMENTS
LTD
Overseas legal
person
4.49% 12700000 0
Pledged 0
Frozen 0
Changjiang
Securities
Brokerage
(Hongkong) Co.Ltd.Overseas legal
person
1.89% 5355249 0
Pledged 0
Frozen 0
Guoyuan
Securities
Brokerage (Hong
Kong) Co. Ltd.Overseas legal
person
1.37% 3870117 0
Pledged 0
Frozen 0
Li Zhongqiu
Overseas nature
person
1.00% 2830000 0
Pledged 0
Frozen 0
LI SHERYN
ZHAN MING
Overseas nature
person
0.36% 1022600 0
Pledged 0
Frozen 0
Li Senzhuang
Domestic nature
person
0.35% 989350 0
Pledged 0
Frozen 0
Zhong Jiachao
Domestic nature
person
0.33% 924799 0
Pledged 0
Frozen 0
Han Yaming
Domestic nature
person
0.31% 864200 0
Pledged 0
Frozen 0
Particular about top ten shareholders with un-restrict shares held
Shareholders Amount of un-restrict shares held
Type of shares
Type Amount
Wuhan Zhongheng New Science &
Technology Industrial Group Co.Ltd.
119289894
RMB ordinary
shares
119289894
SEG (HONG KONG) CO. LTD. 16569560
Domestically
listed foreign
shares
16569560
GOOD HOPE CORNER
INVESTMENTS LTD
12700000
Domestically
listed foreign
shares
12700000
Changjiang Securities Brokerage
(Hongkong) Co. Ltd.
5355249
Domestically
listed foreign
5355249
shares
Guoyuan Securities Brokerage
(Hong Kong) Co. Ltd.
3870117
Domestically
listed foreign
shares
3870117
Li Zhongqiu 2830000
Domestically
listed foreign
shares
2830000
LI SHERYN ZHAN MING 1022600
Domestically
listed foreign
shares
1022600
Li Senzhuang 989350
Domestically
listed foreign
shares
989350
Zhong Jiachao 924799
RMB ordinary
shares
924799
Han Yaming 864200
Domestically
listed foreign
shares
864200
Explanation on associated
relationship among the top ten
shareholders or consistent action
Among the top ten shareholders Li Zhongqiu is the actual controller of Wuhan Zhongheng
New Science & Technology Industrial Group Co. Ltd and belongs to person acting in
concert. The Company neither knew whether there exists associated relationship among the
other shareholders nor they belong to consistent actors that are prescribed in Measures for
the Administration of Disclosure of Shareholder Equity Changes of Listed Companies.
Explanation on shareholders
involving margin business about top
ten common shareholders (if
applicable)
Among the top ten shareholders Zhong Jiachao holds 924799 shares of the Company of
which 390799 shares held by normal account and 534000 shares held through credit
security account
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□Yes √ No
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing in
reporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
Item 2019-9-30 2018-12-31 Y-o-y changes Reasons
Notes receivable 28890039.60 69185516.71 -58.24% The notes are collected on due increased
in the period
Advance payment 14944218.44 31348429.54 -52.33% Advance payment for materials declined
in the period
Construction in
process
- 5727760.23 -100.00% Construction in process are completed in
the period
Other non current
assets
289550.00 3158964.00 -90.83% Parts of the item carry-over to assets
Notes payable 14808763.96 27642356.66 -46.43% Payment by notes declined in the period
Accounts payable 81859139.88 60975306.43 34.25% Account paid to suppliers in the period
declined
Item Jan. to Sept. 2019 Jan. to Sept. 2018 Y-o-y changes Reasons
Financial expenses 6852728.93 5216790.23 31.36% Exchange earnings declined in the period
Assets impairment loss 553901.68 -5941.50 -9422.59% Bad debt switch back in the period
Investment income 100734.31 293005.35 -65.62% Bank financial products declined in the
period
Assets disposal income 134781.12 -151337.27 189.06% Income from disposal of aged plastic
injection machines in the period
Non operating income 1022432.24 1413171.48 -27.65% Subsidies received in the period declined
Non operating
expenses
145387.86 182806.76 -20.47% Fine for tax overdue occurred last period
Income tax expense 688384.81 490059.24 40.47% Profit increased in the period
Item Jan. to Sept. 2019 Jan. to Sept. 2018 Y-o-y changes Reasons
Cash received from
selling commodities
and providing labor
services
414860034.76 316333719.60 31.15% The notes are collected on due increased
in the period
Taxes paid 7705078.65 17371156.77 -55.64% VAT paid in the period decreased
Cash received from
recovering investment
100725.72 293005.35 -65.62% Bank financial products declined in the
period
Net cash received from
disposal of fixed
321800.00 967002.00 -66.72% Aged production equipment are renewal
last period
assets intangible
assets and other
long-term assets
Other cash received
concerning investing
activities
50000000.00 119000000.00 -57.98% Bank financial products declined in the
period
Cash paid for
purchasing fixed
intangible and other
long-term assets
7773184.27 10633271.22 -26.90% Purchased new production equipment
last period for new workshop investment
Other cash paid
concerning investing
activities
50000000.00 119000000.00 Bank financial products declined in the
period
Cash received from
loans
184128246.40 319218464.59 -42.32% Short-term loans declined in the period
Cash paid for debt
payment
224996378.63 315712397.89 -28.73% Account repayment in the period
decreased
Impact on cash or cash
equivalent from
change of foreign
exchange
276036.36 -117560.33 334.80% Impact on change of exchange rate
II. Progress of significant events their influences and analysis and explanation of their
solutions
√ Applicable □Not applicable
(I) The Company signed Asset Exchange Contract with Wuhan Zhongheng Group on 29 April 2009 (details were referred to in the
announcement dated 30 April 2009) and pursuant to the contract since part of the assets of the Company (namely two parcel o f
industrial lands located at Huafa road Gongming town Guangming new district Shenzhen (the property certificate No. were SFDZ
No.7226760 and SFDZ No.7226763 No. of parcels were A627-005 andA627-007 and the aggregate area was 48200 sq.m) were the
lands listed in the first batch of plan for 2010 Shenzhen urbanization unit planning preparation plan. For promotion of such
urbanization project and joint cooperation the Company has not completed the transfer procedures in respect of the aforesaid land.The Company convoked the first extraordinary meeting of the Board in 2015 on February 16 2015 and the first extraordinary generalmeeting of the Board in 2015 on March 4 2015 which considered and approved the “Motion on promoting and implementing theurban renewal project for the renewal units of Huafa area at Gongming street Guangming new district Shenzhen” specified that the
Company and Wuhan Zhongheng Group shall obtain the corresponding compensatory consideration for removal from the
respectively owned project plots and the respectively contributed and constructed above-ground buildings before the land
development it is estimated that the compensatory consideration obtained by the Company accounts for 50.5% of the total
consideration and Wuhan Zhongheng Group accounts for 49.5% by calculation.The sixth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting held on September 11
2015 have considered and adopted the “Proposal on the project promotion and implementation of urban renewal and the progress ofrelated transactions of ‘the updated units at Huafa Area Gong Ming Street Guangming New District Shenzhen’” the company has
signed the “Agreement on the cooperation of urban renewal project of the updated units at Huafa Area Gong Ming StreetGuangming New District Shenzhen” “Contract for the cooperative venture of reconstruction project for Huafa Industrial Park GongMing Street Guangming New District” and “Agreement on housing acquisition and removal compensation and resettlement” withWuhan Zhongheng New Technology Industry Group Co. Ltd. (hereinafter referred to as “Wuhan Zhongheng Group”) Shenzhen
Vanke Real Estate Co. Ltd. (hereinafter referred to as “Shenzhen Vanke”) and Shenzhen Vanke Guangming Real Estate
Development Co. Ltd. (hereinafter referred to as “Vanke Guangming”).
On 12 September 2016 the Company received a “Notice of Arbitration No.: SHEN DP20160334” from SCIA Shenzhen Vankeapplied for arbitration in respect of “Agreement on the cooperation of urban renewal project of the updated units at Huafa AreaGong Ming Street Guangming New District Shenzhen” against the Company and Wuhan Zhongheng Group. The arbitral court
holds hearings on 12 November 2016 and 13 May 2017. Shenzhen International Court of Arbitration (South China International
Economic and Trade Arbitration Commission) has made a rule in August 2017 and the Company application for withdrawal to
Shenzhen Intermediate People’s Court in February 2018 the Court made a judgment on 16 August 2018 for dismissed the
Company’s claim. And on 29 August 2018 the Court accepted the application for enforement of Shenzhen Vanke recently the
controlling shareholder is actively communicate with relevant parties for solutions. Progress of the case found more in the Notices
released on Juchao website (www.cninfo.com.cn) dated 14 Sept. 2016 1 Nov. 2016 16 Nov. 2016 on 18 Feb. 2017 24 March 2017
25 April 2017 1 July 2017 18 August 2017 9 Feb. 2018 25 Aug. 2018 and on 7 Sept. 2108 respectively.
(II) On 31 December 2015 the 88750047 shares held by Wuhan Zhongheng Group are pledge to China Merchants Securities
Assets Co. Ltd. with due date of 31 December 2016. Wuhan Zhongheng Group deferred the repurchase business day to 30 June 2017.
on 1 Feb. 2016 Wuhan Zhongheng Group pledge the 27349953 shares held to China Merchants Securities Assets Co. Ltd. with
due date of 31 December 2016. The above-mentioned pledged shares are deferred by Wuhan Zhongheng Group; pledge expired on
31 December 2017. The trading day for repurchase put off to the date when pledge actually removed. Till end of this period released
controlling shareholder still not removed the pledge and the Company has apply by letter relevant Notice of Presentment on Stock
Pledge from Controlling Shareholder was released. Found more in notice released on Juchao website (www.cninfo.com.cn) date 2
Feb. 2018.
(III) The controlling shareholder Wuhan Zhongheng Group holds 119289894 shares of the Company’ stock accounting for 42.13% of
the total share capital of the Company of which 116489894 shares were judicially frozen on September 27 2016 and the frozen
period was until September 13 2021 which were frozen again by the Shenzhen Intermediate People's Court on December 14 2018
with a frozen period of 36 months the remaining 2800000 shares were frozen by the Shenzhen Intermediate People's Court on May 29
2019 and were frozen again by the Higher People’s Court of Guangdong Province on July 5 2019. For details please refer to the
company’s announcements published on www.cninfo.com.cn on October 27 2016 January 11 2019 May 31 2019 and August 7
2019.
(IV) The term of office for the 10th BOD was expired in September 2019. the Company hold the 11th session of 9th BOD on 23
August 2019 and call a first extraordinary general shareholders meeting 2019 on 12 September 2019 relevant proposal with general
election of the Board was deliberated and approved. Li Zhongqiu Jiang Junming Chen Zhigang Zheng Chunmei Yang Xiongwen
and Wu Weihua was elected as the Director of 10th BOD of the Company.Overview Date for disclosure
Information index for temporary report
disclosure
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments that the company shareholders actual controller offeror directors
supervisors senior management or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company shareholders actual controller offeror directors supervisors senior management or
other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.IV. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.VI. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
Type Capital resources Amount for entrust Balance un-expired Overdue amount
Bank financing product Own funds 8000000 0 0
Bank financing product Own funds 2000000 0 0
Bank financing product Own funds 3000000 0 0
Bank financing product Own funds 4000000 0 0
Bank financing product Own funds 5000000 0 0
Bank financing product Own funds 4000000 0 0
Bank financing product Own funds 10000000 0 0
Bank financing product Own funds 4000000 0 0
Bank financing product Own funds 5000000 0 0
Bank financing product Own funds 5000000 0 0
Total 50000000 0 0
Details of the single major amount or high-risk trust investment with low security poor fluidity and non-guaranteed:
□ Applicable √ Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.VII. Registration form of receiving research communication and interview in the report
period
√ Applicable □Not applicable
Date Method Type of investors Basic situation index of investigation
2019-07-01 Telephone communication Individual
Getting the operation condition of the
Company promotion of the city renewal
project and progress of the material
lawsuits
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company has no external security against the rules in the Period.IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company .Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by SHENZHEN ZHONGHENG HUAFA CO. LTD
2019-10-25
In RMB
Item 2019-9-30 2018-12-31
Current assets:
Monetary funds 30355754.57 34108330.27
Settlement provisions
Capital lent
Tradable financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable 28890039.60 69185516.71
Account receivable 151728246.20 116797834.51
Receivable financing
Accounts paid in advance 14944218.44 31348429.54
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 5191814.60 5777179.08
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 63816226.31 62973909.38
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 42314.30 59370.18
Total current assets 294968614.02 320250569.67
Non-current assets:
Loans and payments on behalf
Debt investment
Finance asset available for sales
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment in other equity
instrument
Other non-current financial assets
Investment real estate 49385075.16 50681322.86
Fixed assets 196914974.04 188083873.38
Construction in progress 5727760.23
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 43527890.29 41815689.74
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
367865.11 542116.99
Deferred income tax asset 6691381.17 6829856.59
Other non-current asset 289550.00 3158964.00
Total non-current asset 297176735.77 296839583.79
Total assets 592145349.79 617090153.46
Current liabilities:
Short-term loans 120966605.20 161568657.88
Loan from central bank
Capital borrowed
Transactional financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Note payable 14808763.96 27642356.66
Account payable 81859139.88 60975306.43
Accounts received in advance 128226.68 159528.60
Contractual liability
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 4718417.05 4700208.36
Taxes payable 12965116.79 11232819.87
Other account payable 29289974.77 26778863.92
Including: Interest payable 8071.32 439558.70
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 264736244.33 293057741.72
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability 64411.00 64411.00
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 64411.00 64411.00
Total liabilities 264800655.33 293122152.72
Owner’s equity:
Share capital 283161227.00 283161227.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 146587271.50 146587271.50
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 77391593.25 77391593.25
Provision of general risk
Retained profit -179795397.29 -183172091.01
Total owner’ s equity attributable to
parent company
327344694.46 323968000.74
Minority interests
Total owner’ s equity 327344694.46 323968000.74
Total liabilities and owner’ s equity 592145349.79 617090153.46
Legal representative: Li Zhongqiu
Person in charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
2. Balance Sheet of Parent Company
In RMB
Item 2019-9-30 2018-12-31
Current assets:
Monetary funds 4186354.56 13234774.97
Tradable financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable
Account receivable
Receivable financing
Accounts paid in advance 53050.00 153050.00
Other account receivable 101225743.86 99155253.08
Including: Interest receivable
Dividend receivable
Inventories 14806.50 14806.50
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 17055.88
Total current assets 105479954.92 112574940.43
Non-current assets:
Debt investment
Available-for-sale financial assets
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 186608900.00 186608900.00
Investment in other equity
instrument
Other non-current financial assets
Investment real estate 25468401.72 26374703.70
Fixed assets 98421462.10 99227872.22
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 4589945.67 4698654.96
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets 7368430.48 7506905.90
Other non-current assets
Total non-current assets 322457139.97 324417036.78
Total assets 427937094.89 436991977.21
Current liabilities:
Short-term borrowings 88000000.00 100000000.00
Transactional financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable
Account payable 9740367.33 10745840.16
Accounts received in advance 5236.01 41937.00
Contractual liability
Wage payable 820979.02 1020979.02
Taxes payable 7258460.88 7161707.15
Other accounts payable 25330776.21 22672441.54
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 131155819.45 141642904.87
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee compensation
payable
Accrued liabilities 64411.00 64411.00
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 64411.00 64411.00
Total liabilities 131220230.45 141707315.87
Owners’ equity:
Share capital 283161227.00 283161227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 146587271.50 146587271.50
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 77391593.25 77391593.25
Retained profit -210423227.31 -211855430.41
Total owner’s equity 296716864.44 295284661.34
Total liabilities and owner’s equity 427937094.89 436991977.21
3. Consolidated Profit Statement (the period)
In RMB
Item Current Period Last Period
I. Total operating income 209822500.84 148975383.05
Including: Operating income 209822500.84 148975383.05
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 210763371.30 152547071.49
Including: Operating cost 189516582.40 137929089.05
Interest expense
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 935427.72 874827.13
Sales expense 5427379.54 3619696.62
Administrative expense 11289287.85 10353738.68
R&D expense 1810336.10
Financial expense 1784357.69 -230279.99
Including: Interest
expenses
2581721.35 3060716.74
Interest income -125377.00 -124684.95
Add: other income 590800.00 785000.00
Investment income (Loss is
listed with “-”)
25798.17 47326.25
Including: Investment income
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost(Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
553901.68
Income from assets disposal
(Loss is listed with “-”)
5741.55 -45557.91
III. Operating profit (Loss is listed with
“-”)
235370.94 -2784920.10
Add: Non-operating income 789674.24 320268.43
Less: Non-operating expense 144287.86 10000.00
IV. Total profit (Loss is listed with “-”) 880757.32 -2474651.67
Less: Income tax expense 84474.73 26227.83
V. Net profit (Net loss is listed with “-”) 796282.59 -2500879.50
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”)
796282.59 -2500879.50
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
796282.59 -2500879.50
2.Minority shareholders’ gains and
losses
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(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
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial assets
re-classify to other comprehensive
income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences
arising on translation of foreign currency
financial statements
9.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 796282.59 -2500879.50
Total comprehensive income
attributable to owners of parent Company
796282.59 -2500879.50
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0028 -0.0088
(ii) Diluted earnings per share 0.0028 -0.0088
As for the business merger under the same control in the Period 0 Yuan net profit realized before merger by the combined party the
net profit for combined party in last period was 0 Yuan.Legal representative: Li Zhongqiu
Person in charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
4. Profit Statement of Parent Company (the period)
In RMB
Item Current Period Last Period
I. Operating income 9961436.61 7401531.71
Less: Operating cost 2069605.63 1795342.70
Taxes and surcharge 391785.64 267744.93
Sales expenses
Administration expenses 5609016.68 5251598.46
R&D expenses
Financial expenses 2148813.04 2318899.00
Including: interest
expenses
2145901.94 2302672.47
Interest income -2564.86 -2645.81
Add: other income
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
553901.68
Income on disposal of assets
(Loss is listed with “-”)
970.87 -26592.13
II. Operating profit (Loss is listed with
“-”)
297088.17 -2258645.51
Add: Non-operating income 717590.27
Less: Non-operating expense 103732.84
III. Total Profit (Loss is listed with “-”) 910945.60 -2258645.51
Less: Income tax 123929.34 -14661.37
IV. Net profit (Net loss is listed with
“-”)
787016.26 -2243984.14
(i)continuous operating net profit(net loss listed with ‘-”)
787016.26 -2243984.14
(ii) termination of net profit (netloss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(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
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 787016.26 -2243984.14
VII. Earnings per share:
(i) Basic earnings per share 0.0028 -0.0079
(ii) Diluted earnings per share 0.0028 -0.0079
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Total operating income 549012674.89 489960226.29
Including: Operating income 549012674.89 489960226.29
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 547196425.35 491123763.27
Including: Operating cost 487096790.74 440512068.49
Interest expense
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 2245537.72 2587120.52
Sales expense 14557759.76 12053059.93
Administrative expense 30906279.24 30754724.10
R&D expense 5537328.96
Financial expense 6852728.93 5216790.23
Including: Interest
expenses
7937398.27 9050600.05
Interest income -544713.28 -474543.54
Add: other income 590800.00 785000.00
Investment income (Loss is
listed with “-”)
100734.31 293005.35
Including: Investment income
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost(Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
-8432.50
Losses of devaluation of asset
(Loss is listed with “-”)
553901.68 -5941.50
Income from assets disposal
(Loss is listed with “-”)
134781.12 -151337.27
III. Operating profit (Loss is listed with
“-”)
3188034.15 -242810.40
Add: Non-operating income 1022432.24 1413171.48
Less: Non-operating expense 145387.86 182806.76
IV. Total profit (Loss is listed with “-”) 4065078.53 987554.32
Less: Income tax expense 688384.81 490059.24
V. Net profit (Net loss is listed with “-”) 3376693.72 497495.08
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”)
3376693.72 497495.08
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
3376693.72 497495.08
2.Minority shareholders’ gains and
losses
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(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
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial assets
re-classify to other comprehensive
income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences
arising on translation of foreign currency
financial statements
9.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 3376693.72 497495.08
Total comprehensive income
attributable to owners of parent Company
3376693.72 497495.08
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0119 0.0018
(ii) Diluted earnings per share 0.0119 0.0018
As for the business merger under the same control in the Period 0 Yuan net profit realized before merger by the combined party the
net profit for combined party in last period was 0 Yuan.Legal representative: Li Zhongqiu
Person in charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 28002571.92 24362620.45
Less: Operating cost 5241637.22 4305861.52
Taxes and surcharge 953846.69 852759.55
Sales expenses
Administration expenses 14633411.18 16386453.83
R&D expenses
Financial expenses 6572512.09 7207553.05
Including: interest
expenses
6544235.24 7205697.51
Interest income -12502.96 -24668.47
Add: other income
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
553901.68
Income on disposal of assets
(Loss is listed with “-”)
970.87 -26592.13
II. Operating profit (Loss is listed with
“-”)
1156037.29 -4416599.63
Add: Non-operating income 718890.27
Less: Non-operating expense 103732.84 131247.82
III. Total Profit (Loss is listed with “-”) 1771194.72 -4547847.45
Less: Income tax 338991.62 -459637.00
IV. Net profit (Net loss is listed with
“-”)
1432203.10 -4088210.45
(i)continuous operating net profit(net loss listed with ‘-”)
1432203.10 -4088210.45
(ii) termination of net profit (netloss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(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
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 1432203.10 -4088210.45
VII. Earnings per share:
(i) Basic earnings per share 0.0051 -0.0144
(ii) Diluted earnings per share 0.0051 -0.0144
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
414860034.76 316333719.60
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
Other cash received concerning
operating activities
14532454.74 12106490.64
Subtotal of cash inflow arising from
operating activities
429392489.50 328440210.24
Cash paid for purchasing
commodities and receiving labor
service
269022454.37 261946585.36
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 48855955.01 49957977.58
Taxes paid 7705078.65 17371156.77
Other cash paid concerning
operating activities
50006770.55 53200912.21
Subtotal of cash outflow arising from
operating activities
375590258.58 382476631.92
Net cash flows arising from operating
activities
53802230.92 -54036421.68
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
100725.72 293005.35
Net cash received from disposal of
fixed intangible and other long-term
assets
321800.00 967002.00
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning 50000000.00 119000000.00
investing activities
Subtotal of cash inflow from investing
activities
50422525.72 120260007.35
Cash paid for purchasing fixed
intangible and other long-term assets
7773184.27 10633271.22
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
50000000.00 119000000.00
Subtotal of cash outflow from investing
activities
57773184.27 129633271.22
Net cash flows arising from investing
activities
-7350658.55 -9373263.87
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 184128246.40 319218464.59
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
184128246.40 319218464.59
Cash paid for settling debts 224996378.63 315712397.89
Cash paid for dividend and profit
distributing or interest paying
8351111.69 7630076.84
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities
233347490.32 323342474.73
Net cash flows arising from financing -49219243.92 -4124010.14
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
276036.36 -117560.33
V. Net increase of cash and cash
equivalents
-2491635.19 -67651256.02
Add: Balance of cash and cash
equivalents at the period -begin
27961209.60 81474974.30
VI. Balance of cash and cash
equivalents at the period -end
25469574.41 13823718.28
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
20170963.62 25983655.00
Write-back of tax received
Other cash received concerning
operating activities
115634867.63 108279703.54
Subtotal of cash inflow arising from
operating activities
135805831.25 134263358.54
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 2647115.02 2681972.90
Taxes paid 1683890.02 3960136.96
Other cash paid concerning
operating activities
122196203.72 123071047.66
Subtotal of cash outflow arising from
operating activities
126527208.76 129713157.52
Net cash flows arising from operating
activities
9278622.49 4550201.02
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed intangible and other long-term
assets
82000.00
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
activities
82000.00
Cash paid for purchasing fixed
intangible and other long-term assets
5412.95 1126400.00
Cash paid for investment
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities
5412.95 1126400.00
Net cash flows arising from investing
activities
-5412.95 -1044400.00
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Cash received from loans 90000000.00 200000000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
90000000.00 200000000.00
Cash paid for settling debts 102000000.00 217079416.68
Cash paid for dividend and profit
distributing or interest paying
6544235.24 6161298.54
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing 108544235.24 223240715.22
activities
Net cash flows arising from financing
activities
-18544235.24 -23240715.22
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
1567.34
V. Net increase of cash and cash
equivalents
-9271025.70 -19733346.86
Add: Balance of cash and cash
equivalents at the period -begin
12024179.58 25181764.87
VI. Balance of cash and cash
equivalents at the period -end
2753153.88 5448418.01
II. Financial statement adjustment
1. Relevant items of the financial statement at beginning of the year when implementing the new financial
instrument standards new revenue standards or new leasing standards since 2019
□ Applicable √ Not applicable
2. Explanation on comparative data in the early stage of retroactive adjustment while implemented the new
financial instrument standards or new leasing standards since 2019
□ Applicable √ Not applicable
III. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.
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