Shenzhen Zhongheng Huafa Co. Ltd.October 2018
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) 610025600.37 629762731.38 -3.13%
Net assets attributable to
shareholders of listed company
(RMB)
321170473.10 320672978.02 0.16%
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) 148975383.05 -36.03% 489960226.29 -27.13%
Net profit attributable to
shareholders of the listed company
(RMB)
-2500879.50 -39.09% 497495.08 42.80%
Net profit attributable to
shareholders of the listed company
after deducting non-recurring gains
and losses (RMB)
-3406233.82 -0.89% -1352766.80 -28.76%
Net cash flow arising from
operating activities (RMB)
-- -- -54036421.68 -240.71%
Basic earnings per share
(RMB/Share)
-0.0088 37.50% 0.0018 50.00%
Diluted earnings per share
(RMB/Share)
-0.0088 37.50% 0.0018 50.00%
Weighted average ROE -0.78% -0.22% 0.16% 0.05%
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)
-151337.27
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)
1606800.00
Gains and losses from assets under trusted investment or
management
293005.35
Other non-operating income and expenditure except for the
aforementioned items
408564.72
Less: impact on income tax 306770.92
Total 1850261.88 --
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
26534
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
41.14% 116489894 0
Pledged 116100000
Frozen 116489894
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
1.36% 3845117 0
Pledged 0
Frozen 0
Li Senzhuang
Domestic nature
person
0.37% 1046360 0
Pledged 0
Frozen 0
LI SHERYN
ZHAN MING
Overseas nature
person
0.36% 1015600 0
Pledged 0
Frozen 0
Han Yaming
Domestic nature
person
0.31% 864200 0
Pledged 0
Frozen 0
BINGHUA LIU
Overseas nature
person
0.30% 840313 0
Pledged 0
Frozen 0
Wu Jingmin
Domestic nature
person
0.28% 788152 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.
116489894
RMB ordinary
shares
116489894
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.
3845117
Domestically
listed foreign
shares
3845117
Li Senzhuang 1046360
Domestically
listed foreign
shares
1046360
LI SHERYN ZHAN MING 1015600
Domestically
listed foreign
shares
1015600
Han Yaming 864200
Domestically
listed foreign
shares
864200
BINGHUA LIU 840313
Domestically
listed foreign
shares
840313
Wu Jingmin 788152
RMB ordinary
shares
788152
Explanation on associated
relationship among the top ten
shareholders or consistent action
Among the shareholders Wuhan Zhongheng Group neither bears associated relationship with
other shareholders nor belongs to the consistent actor that are prescribed in Measures for the
Administration of Disclosure of Shareholder Equity Changes of Listed Companies. The
Company neither knew whether there exists associated relationship among the other tradable
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)
N/A
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 2018-9-30 2018-1-1 Y-o-y
changes Reasons
Monetary Fund 12003876.54 68812495.97 -82.56% Sales declined and the returned money
decreased
Advance payment 49172569.56 943328.01 5112.67% Account repaid for mateirals in the period
Construction in process 5888698.84 654356.00 799.92% Workshop construction increased in the period
Item Jan. to Sept. 2018 Jan. to Sept. 2017
Y-o-y
changes Reasons
Financial expenses 5216790.23 9191587.68 -43.24% Exchange gain increased in the period
Assets impairment loss 5941.50 -93425.39 106.36% Bad debt of last period switch back
Investment income 293005.35 - Income from bank financing
Assets disposal income -151337.27 -31321.94 -383.17% Aged procdution equipment replaced
Non operating income 1413171.48 3052612.99 -53.71% At same period last year 1.38 million yuan
accrual liability reverse from Shaanxi Linghua
Non operating expenses 182806.76 24775.13 637.86% Fine for tax overdue
Income tax expense 490059.24 1135130.69 -56.83% The tax rate for high-tech enterprise declined
Item Jan. to Sept. 2018 Jan. to Sept. 2017
Y-o-y
changes Reasons
Cash received from
returns of investments
119000000.00 - Financial products redemption
Cash received from
recovering investment
293005.35 - Income from financial products
Net cash received from
disposal of fixed assets
intangible assets and other
long-term assts
967002.00 75901.58 1174.02% Aged procdution equipment replaced
Cash paid for purchasing
fixed intangible and other
long-term assets
10633271.22 5334290.23 99.34% Investment for new workshop and purchased
prodcution equipment
Cash paid for investment 119000000.00 - Purchased financial products
Cash received from loans 319218464.59 236663522.53 34.88% Short-term loans increased in the period
Cash paid for debt 315712397.89 237673502.22 32.83% Payment of short-term loans in the period
payment
Impact on cash or cash
equivalent from change of
foreign exchange
-117560.33 -858969.48 86.31% Impact by foreign exchange fluctuation in the
period
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 of
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 hassigned 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 31
December 2017. And 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. And also deferring the repurchase business deadline for pledge on 31
December 2017. The day for repurchase transaction is postponed until the date when lifting the pledge actually. Ended as the
reporting period the pledge has not yet been lifted and we has inquiry on controlling shareholders and issued the Suggestive
Announcement on Share Pledge of Controlling Shareholders. Found more in notice released on Juchao website (www.cninfo.com.cn)
dated 2 Feb. 2018.(III) Our controlling shareholder Wuhan Zhongheng Group holds 116489894 shares of the Company accounting for 41.14% of total
share capital and the above shares were judicially sealed on 27 September 2016 for creditor’s application for property preservation.
Assets frozen from 27 September 2016 to 13 September 2021. Details are set out in the announcement published at Juchao
information website (www.cninfo.com.cn) on 27 October 2016.(IV) On March 21 2014 Huafa Property and Shenzhen Jifang Investment Co. Ltd. (hereinafter referred to as "Jifang Investment")
signed the "Shenzhen Housing Leasing Contract" and the "Supplemental Agreement on Leasing Contract" which were canceled on
February 5 2016. As Jifang Investment occupied the site and defaulted rent management fee and water and electricity bills in the
long term in order to safeguard the legitimate rights and interests Huafa Property submitted a request for arbitration to Shenzhen
Arbitration Commission on March 8 2016 and received the (2016) SZCZ No. 346 ruling paper from Shenzhen Arbitration
Commission in November 2016 which ruled Huafa Property won the lawsuit. See details on the notice published at
www.cninfo.com.cn by the Company on November 8 2016. The sites taken by Jifang have been collected in May 2018.(V) Increasing Commitment from Majority Shareholdes
On 20 Nov. 2017 and 28 Nov. repsectively controlling shareholder made a committement of share increasing as holding more 2.83
million B-stock and no more than 2.8 million A-stock of the Company. The commitment term is six month latter the controlling
shareholder application for extension for another six months to fulfill the commitments. The commitment still in terms ended as the
reporting period without fulfill.(VI) Director and deputy Chairman Mr. Zhang Guangliu resigned as director deputy chairman and member of the committee of the
Board for work transfer. After nominated by second largest shareholder SEG (HONG KONG) CO. LTD. Mr. Gao Jianbo was
elected as the director of 9th BOD office term same as this BOD.Overview Date for disclosure
Information index for temporary report
disclosure
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. Estimation of operation performance for year of 2018
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
V. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.VI. Trust financing
□ Applicable √ Not applicable
The Company had no trust financing in Period.VII. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.VIII. 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
2018-07-02 Telephone communication Individual N/A
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company has no external security against the rules in the Period.X. 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
2018-09-30
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 12003876.54 68812495.97
Settlement provisions
Capital lent
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Notes receivable and accounts
receivable
211163762.48 213574264.91
Including: Notes receivable 72688735.59 64778266.65
Accounts receivable 138475026.89 148795998.26
Accounts paid in advance 49172569.56 943328.01
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other receivables 3529002.00 4335729.72
Purchase restituted finance asset
Inventories 50306481.56 60387021.65
Assets held for sale
Non-current asset due within one
year
Other current assets 46253.01 52310.51
Total current assets 326221945.15 348105150.77
Non-current assets:
Loans and payments on behalf
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment property 51113683.58 52410958.62
Fixed assets 176591396.65 176477314.08
Construction in progress 5888698.84 654356.00
Productive biological asset
Oil and gas asset
Intangible assets 42188596.40 43307316.37
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
704367.47 141666.55
Deferred income tax asset 7316912.28 6731168.99
Other non-current asset 1934800.00
Total non-current asset 283803655.22 281657580.61
Total assets 610025600.37 629762731.38
Current liabilities:
Short-term loans 173358875.00 166620264.81
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable and accounts payable 74347459.13 101815141.01
Accounts received in advance 267383.24 278128.18
Selling financial asset of repurchase
Commission charge and
commission payable
Wage payable 4046925.82 5083357.93
Taxes payable 10792167.77 15136277.68
Other accounts payable 25977905.31 20092172.75
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 288790716.27 309025342.36
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Projected 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 288855127.27 309089753.36
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 -185969618.65 -186467113.73
Total owner’s equity attributable to
parent company
321170473.10 320672978.02
Minority interests
Total owner’s equity 321170473.10 320672978.02
Total liabilities and owner’s equity 610025600.37 629762731.38
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 Balance at period-end Balance at period-begin
Current assets:
Monetary funds 5448418.01 25181764.87
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Notes receivable and accounts
receivable
Including: Notes receivable
Accounts receivable
Account paid in advance 153050.00
Other receivables 101249172.05 99922143.84
Inventories 14806.50 14806.50
Assets held for sale
Non-current assets maturing within
one year
Other current assets
Total current assets 106865446.56 125118715.21
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investments 186608900.00 186608900.00
Investment property 26676804.36 27583299.22
Fixed assets 96333932.87 99678839.27
Construction in progress 1172756.00 654356.00
Productive biological assets
Oil and natural gas assets
Intangible assets 4734891.39 4843600.68
Research and development costs
Goodwill
Long-term deferred expenses 104166.52 141666.55
Deferred income tax assets 8106508.57 7519546.71
Other non-current assets
Total non-current assets 323737959.71 327030208.43
Total assets 430603406.27 452148923.64
Current liabilities:
Short-term borrowings 104000000.00 120000000.00
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable and accounts payable 9740367.33 10745840.16
Accounts received in advance 48000.96 67210.00
Wage payable 815885.20 1039196.20
Taxes payable 7652654.65 9305468.70
Other accounts payable 15783051.78 14339551.78
Liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 138039959.92 155497266.84
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable
Projected 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 138104370.92 155561677.84
Owners’ equity:
Share capita 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 reserve 77391593.25 77391593.25
Retained profit -214641056.40 -210552845.95
Total owner’s equity 292499035.35 296587245.80
Total liabilities and owner’s equity 430603406.27 452148923.64
3. Consolidated Profit Statement (the period)
In RMB
Item Current Period Last Period
I. Total operating income 148975383.05 232880839.08
Including: Operating income 148975383.05 232880839.08
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 152547071.49 236371692.83
Including: Operating cost 137929089.05 212098026.49
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
Operating tax and extras 874827.13 1009748.31
Sales expenses 3610591.52 3066524.55
Administration expenses 10353738.68 14587407.58
R&D expenses
Financial expenses -230279.99 4276697.22
Including: Interest expenses 3060716.74 3541921.60
Interest income -124684.95 -794663.73
Losses of devaluation of asset
Add: other income 785000.00
Investment income (Loss is
listed with “-”)
47326.25
Including: Investment income on
affiliated company and joint venture
Changing income of fair
value(Loss is listed with “-”)
Exchange income (Loss is listed
with “-”)
Income from assets disposal
(Loss is listed with “-”)
-45557.91 2000.00
III. Operating profit (Loss is listed
with “-”)
-2784920.10 -3488853.75
Add: Non-operating income 320268.43 2126879.23
Less: Non-operating expense 10000.00 24724.25
IV. Total Profit (Loss is listed with
“-”)
-2474651.67 -1386698.77
Less: Income tax expense 26227.83 411383.78
V. Net profit (Net loss is listed with
“-”)
-2500879.50 -1798082.55
(i) net profit from continuous
operation (Net loss is listed with “-”)
-2500879.50 -1798082.55
(ii) net profit from discontinued
operation (Net loss is listed with “-”)
Net profit attributable to owner’s
of parent company
-2500879.50 -1798082.55
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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the
investee accounted for using equity
method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive
income items which will be
reclassified subsequently to profit or
loss
1. Share of the other
comprehensive income of the
investee accounted for using equity
method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of
held-to-maturity investment as
available-for-sale financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
. Translation differences
arising on translation of foreign
currency financial statements
6. Other
Net after-tax of other
comprehensive income attributable to
minority shareholders
VII. Total comprehensive income -2500879.50 -1798082.55
Total comprehensive income
attributable to owners of parent
Company
-2500879.50 -1798082.55
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.0088 -0.0064
(ii) Diluted earnings per share -0.0088 -0.0064
Enterprise combine under the same control in the Period the combined party realized net profit of 0 Yuan before combination and
realized 0 Yuan at last period for combined party
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 7401531.71 9405098.50
Less: Operating cost 1795342.70 2147630.38
Operating tax and extras 267744.93 706427.28
Sales expenses 0.00
Administration expenses 5251598.46 6986976.11
R&D expenses
Financial expenses 2318899.00 -2384380.36
Including: Interest expenses 2302672.47 -2377134.62
Interest income -2645.81 -7365.50
Losses of devaluation of
asset
0.00
Add: other income
Investment income (Loss is 0.00
listed with “-”)
Including: Investment
income on affiliated company and
joint venture
Changing income of fair
value(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
-26592.13
II. Operating profit (Loss is listed
with “-”)
-2258645.51 1948445.09
Add: Non-operating income 1358376.15
Less: Non-operating expense -18873.12
III. Total Profit (Loss is listed with
“-”)
-2258645.51 3325694.36
Less: Income tax expense -14661.37 1515349.97
IV. Net profit (Net loss is listed with
“-”)
-2243984.14 1810344.39
(i) net profit from continuous
operation (Net loss is listed with “-”)
-2243984.14 1810344.39
(ii) net profit from discontinued
operation (Net loss is 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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the
investee accounted for using equity
method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive
income items which will be
reclassified subsequently to profit or
loss
1. Share of the other
comprehensive income of the
investee accounted for using equity
method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of
held-to-maturity investment as
available-for-sale financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income -2243984.14 1810344.39
VII. Earnings per share:
(i) Basic earnings per share -0.0079 0.0064
(ii) Diluted earnings per share -0.0079 0.0064
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Total operating income 489960226.29 672360983.25
Including: Operating income 489960226.29 672360983.25
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 491129704.77 673873979.03
Including: Operating cost 440512068.49 611011951.57
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
Operating tax and extras 2587120.52 3327635.76
Sales expenses 12053059.93 11762865.09
Administration expenses 22964669.93 29493139.61
R&D expenses 7790054.17 9180224.71
Financial expenses 5216790.23 9191587.68
Including: Interest expenses 9050600.05 7605454.70
Interest income -474543.54 -1317717.89
Losses of devaluation of asset 5941.50 -93425.39
Add: other income 785000.00
Investment income (Loss is
listed with “-”)
293005.35
Including: Investment income on
affiliated company and joint venture
Changing income of fair
value(Loss is listed with “-”)
Exchange income (Loss is listed
with “-”)
Income from assets disposal
(Loss is listed with “-”)
-151337.27 -31321.94
III. Operating profit (Loss is listed
with “-”)
-242810.40 -1544317.72
Add: Non-operating income 1413171.48 3052612.99
Less: Non-operating expense 182806.76 24775.13
IV. Total Profit (Loss is listed with
“-”)
987554.32 1483520.14
Less: Income tax expense 490059.24 1135130.69
V. Net profit (Net loss is listed with
“-”)
497495.08 348389.45
(i) net profit from continuous
operation (Net loss is listed with “-”)
497495.08 348389.45
(ii) net profit from discontinued
operation (Net loss is listed with “-”)
Net profit attributable to owner’s
of parent company
497495.08 348389.45
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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the
investee accounted for using equity
method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive
income items which will be
reclassified subsequently to profit or
loss
1. Share of the other
comprehensive income of the
investee accounted for using equity
method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of
held-to-maturity investment as
available-for-sale financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
. Translation differences
arising on translation of foreign
currency financial statements
6. Other
Net after-tax of other
comprehensive income attributable to
minority shareholders
VII. Total comprehensive income 497495.08 348389.45
Total comprehensive income
attributable to owners of parent
Company
497495.08 348389.45
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0018 0.0012
(ii) Diluted earnings per share 0.0018 0.0012
Enterprise combine under the same control in the Period the combined party realized net profit of 0 Yuan before combination and
realized 0 Yuan at last period for combined party
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 24362620.45 30455412.15
Less: Operating cost 4305861.52 4325514.67
Operating tax and extras 852759.55 1804380.12
Sales expenses 0.00
Administration expenses 16386453.83 22420306.96
R&D expenses
Financial expenses 7207553.05 2836883.54
Including: Interest expenses 7205697.51 2744258.34
Interest income -24668.47 -33723.89
Losses of devaluation of
asset
-93425.39
Add: other income 0.00
Investment income (Loss is
listed with “-”)
0.00
Including: Investment 0.00
income on affiliated company and
joint venture
Changing income of fair
value(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
-26592.13
II. Operating profit (Loss is listed
with “-”)
-4416599.63 -838247.75
Add: Non-operating income 1399915.15
Less: Non-operating expense 131247.82 50.88
III. Total Profit (Loss is listed with
“-”)
-4547847.45 561616.52
Less: Income tax expense -459637.00 800974.16
IV. Net profit (Net loss is listed with
“-”)
-4088210.45 -239357.64
(i) net profit from continuous
operation (Net loss is listed with “-”)
-4088210.45 -239357.64
(ii) net profit from discontinued
operation (Net loss is 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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the
investee accounted for using equity
method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive
income items which will be
reclassified subsequently to profit or
loss
1. Share of the other
comprehensive income of the
investee accounted for using equity
method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of
held-to-maturity investment as
available-for-sale financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income -4088210.45 -239357.64
VII. Earnings per share:
(i) Basic earnings per share -0.0144 -0.0008
(ii) Diluted earnings per share -0.0144 -0.0008
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
316333719.60 411585436.90
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
Net increase of amount from
disposal financial assets that
measured by fair value and with
variation reckoned into current
gains/losses
Cash received from interest
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received
Other cash received concerning
operating activities
12106490.64 12669697.70
Subtotal of cash inflow arising from
operating activities
328440210.24 424255134.60
Cash paid for purchasing
commodities and receiving labor
service
261946585.36 330088093.97
Net increase of customer loans
and advances
Net increase of deposits in
central bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest
commission charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and
workers
49957977.58 55158956.96
Taxes paid 17371156.77 13659531.39
Other cash paid concerning
operating activities
53200912.21 41208334.19
Subtotal of cash outflow arising from
operating activities
382476631.92 440114916.51
Net cash flows arising from operating
activities
-54036421.68 -15859781.91
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
119000000.00
Cash received from investment
income
293005.35
Net cash received from disposal
of fixed intangible and other
long-term assets
967002.00 75901.58
Net cash received from disposal
of subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from
investing activities
120260007.35 75901.58
Cash paid for purchasing fixed
intangible and other long-term assets
10633271.22 5334290.23
Cash paid for investment 119000000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from
investing activities
129633271.22 5334290.23
Net cash flows arising from investing
activities
-9373263.87 -5258388.65
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 319218464.59 236663522.53
Cash received from issuing
bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from
financing activities
319218464.59 236663522.53
Cash paid for settling debts 315712397.89 237673502.22
Cash paid for dividend and
profit distributing or interest paying
7630076.84 7522719.08
Including: Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
financing activities
323342474.73 245196221.30
Net cash flows arising from financing
activities
-4124010.14 -8532698.77
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
-117560.33 -858969.48
V. Net increase of cash and cash
equivalents
-67651256.02 -30509838.81
Add: Balance of cash and cash
equivalents at the period -begin
81474974.30 104015312.97
VI. Balance of cash and cash
equivalents at the period -end
13823718.28 73505474.16
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
25983655.00 15918953.06
Write-back of tax received 0.00
Other cash received concerning
operating activities
108279703.54 42613349.94
Subtotal of cash inflow arising from
operating activities
134263358.54 58532303.00
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and
workers
2681972.90 3604869.82
Taxes paid 3960136.96 3658227.60
Other cash paid concerning
operating activities
123071047.66 49583197.56
Subtotal of cash outflow arising from
operating activities
129713157.52 56846294.98
Net cash flows arising from operating
activities
4550201.02 1686008.02
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
1126400.00 1377592.31
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
investing activities
1126400.00 1377592.31
Net cash flows arising from investing
activities
-1044400.00 -1377592.31
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 200000000.00 115000000.00
Cash received from issuing
bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from
financing activities
200000000.00 115000000.00
Cash paid for settling debts 217079416.68 115000000.00
Cash paid for dividend and
profit distributing or interest paying
6161298.54 5450633.34
Other cash paid concerning
financing activities
Subtotal of cash outflow from
financing activities
223240715.22 120450633.34
Net cash flows arising from financing
activities
-23240715.22 -5450633.34
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
1567.34 618.82
V. Net increase of cash and cash
equivalents
-19733346.86 -5141598.81
Add: Balance of cash and cash
equivalents at the period -begin
25181764.87 10375152.87
VI. Balance of cash and cash
equivalents at the period -end
5448418.01 5233554.06
II. 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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