Shenzhen Tellus Holding Co. Ltd.The Third Quarterly Report For 2020
October 2020
Section I. Important Notice
Board of Directors Supervisory Committee all directors supervisors and senior
executives of Shenzhen Tellus Holding Co. Ltd. (hereinafter referred to as the
Company) 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 are present the meeting of the Board for deliberating the Third
Quarter Report of the Company in person.
Fu Chunlong person in charge of the Company head of the accounting works
Lou Hong and Liu Yuhong accounting body principals (accountant in charge)
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) 1653818772.81 1645782144.03 0.49%
Net assets attributable to
shareholders of listed company
(RMB)
1292498718.84 1270965296.02 1.69%
Current period
Increase/decrease in
comparison with same
period of last year (%)
From Year-begin to
end of the Period
Increase/decrease in
comparison with
year-begin to
Period-end of last year
Operating revenue (RMB) 96868200.81 -34.27% 293919991.10 -30.95%
Net profit attributable to
shareholders of the listed company
(RMB)
14042886.48 -27.09% 39637872.26 -38.11%
Net profit attributable to
shareholders of the listed company
after deducting non-recurring gains
and losses (RMB)
12592060.82 -29.64% 33994881.65 -41.36%
Net cash flow arising from
operating activities (RMB)
96198322.43 215.05% 113504644.63 95.80%
Basic earnings per share
(RMB/Share)
0.0326 -27.07% 0.0920 -38.09%
Diluted earnings per share
(RMB/Share)
0.0326 -27.07% 0.0920 -38.09%
Weighted average ROE 0.25% -1.49% 0.77% -5.15%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Item
Amount from year-begin to
end of the Period
Note
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
1198548.91
The government subsidiary
received by Huari Company due
business) to the impact of epidemic
Except for effective hedge business relevant to normal operation
of the Company gains and losses arising from fair value change
of tradable financial assets and tradable financial liabilities and
investment income from disposal of tradable financial assets
tradable financial liabilities and financial assets available for sale
5923030.44 Income from financing
Restoring of receivable impairment provision that tested
individually
599333.06 Reverse of bad debt provision
Other items conforming to the definition of non-recurring profit
and loss
969018.67
The income generated by tenant’s
forfeiting the lease deposit in
advance
Less: impact on income tax 1852589.04
Impact on minority shareholders’ equity (post-tax) 1194351.43
Total 5642990.61 --
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. Number of common shareholders and preference shareholders with voting rights recovered and top ten
common shareholders
In share
Total number of common
shareholders at the end of report
period
45781
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
SHENZHEN
SDG CO. LTD.
State-owned
corporate
49.09% 211591621 0 0
Shenzhen Capital Domestic 15.33% 66101386 0 0
Fortune Jewelry
Industry
Investment
Enterprise
(limited
partnership)
non-state-owned
corporate
GUOTAIJUNAN
SECURITIES(H
ONGKONG)
LIMITED
Foreign
corporation
0.40% 1736091 0 0
Hong Kong
Securities
Clearing
Company Ltd.
Foreign
corporation
0.28% 1190134 0 0
Wang Aihua
Domestic nature
person
0.22% 940345 0 0
Li Haotong
Domestic nature
person
0.20% 881641 0 0
Huang Sanhe
Domestic nature
person
0.19% 807049 0 0
Zhou Shengguo
Domestic nature
person
0.17% 727934 0 0
Agricultural Bank
of China Ltd. –
CSI 500 ETF
Other 0.16% 680789 0 0
Wang Lixia
Domestic nature
person
0.15% 632410 0 0
Particular about top ten shareholders with un-restrict shares held
Shareholders Amount of un-restrict shares held
Type of shares
Type Amount
SHENZHEN SDG CO. LTD. 211591621
RMB ordinary
shares
211591621
Shenzhen Capital Fortune Jewelry
Industry Investment Enterprise
(limited partnership)
66101386
RMB ordinary
shares
66101386
GUOTAIJUNAN
SECURITIES(HONGKONG)
LIMITED
1736091
Domestically
listed foreign
shares
1736091
Hong Kong Securities Clearing
Company Ltd.
1190134
RMB ordinary
shares
1190134
Wang Aihua 940345
RMB ordinary
shares
940345
Li Haotong 881641
RMB ordinary
shares
881641
Huang Sanhe 807049
RMB ordinary
shares
807049
Zhou Shengguo 727934
RMB ordinary
shares
727934
Agricultural Bank of China Ltd. –
CSI 500 ETF
680789
RMB ordinary
shares
680789
Wang Lixia 632410
RMB ordinary
shares
632410
Explanation on associated
relationship among the top ten
shareholders or consistent action
Among the top ten shareholders there exists no associated relationship between the
state-owned legal person’s shareholders Shenzhen SDG Co. Ltd and other shareholders and
they do not belong to the consistent actionist regulated by the Management Measure of
Information Disclosure on Change of Shareholding for Listed Companies. For the other
shareholders of circulation share the Company is unknown whether they belong to the
consistent actionist.
Explanation on top ten common
shareholders involving margin
business (if applicable)
Shareholder Wang Aihua holds 940345 shares of the Company through security account for
credit transactions and holds 0 share of the Company via common security account 940345
shares are held in total by Tang; Shareholder Li Haotong holds 881641 shares of the
Company through security account for credit transactions and holds 0 share of the Company
via common security account 881641 shares are held in total by Li; Shareholder Huang
Sanhe holds 762104 shares of the Company through security account for credit transactions
and holds 44945 share of the Company via common security account 807049 shares are
held in total by Huang; Shareholder Zhou Shengguo holds 727934 shares of the Company
through security account for credit transactions and holds 0 share of the Company via
common security account 727934 shares are held in total by Zhou; Shareholder Huang Lixia
holds 571310 shares of the Company through security account for credit transactions and
holds 61100 share of the Company via common security account 632410 shares are held in
total by Huang;
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
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no 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
Balance Sheet
Assets Closing balance Opening balance Amount changed Ratio changed Causes
Monetary Fund 221270052.08 428851606.04 -207581553.96 -48.40% Monetary fund declined mainly due to
paying the enterprise income tax for
equity transfer of Xinglong Company
distributing the cash dividend and
purchasing financial products.Trading financial assets 299198582.57 60486575.34 238712007.23 394.65% Financial products purchased in the
Period increased on a y-o-y basis.
Account receivable 24551701.00 112613224.27 -88061523.27 -78.20% Account receivable declined mainly
due to the collection of receivable from
Sichuan Jewelry Company increased.Other current assets 33903908.62 3403969.23 30499939.39 896.01% The supervision fund for the land plot
02 project of the upgrading project of
Tellus-Gman Gold Jewelry Industrial
Park
Construction in progress 110515997.92 47654393.55 62861604.37 131.91% Mainly due to the preliminary input for
the project of Jinzuan Trading Building
Taxes payable 14125400.74 71425267.61 -57299866.87 -80.22% Mainly due to the enterprise income tax
paying for the equity transfer of
Xinglong Company
Other account payable 154499007.56 101266802.49 53232205.07 52.57% The performance bond received in the
year for equity transfer of Dongfeng
Profit statement
Item
Accumulated this
year
Same period last
year
Amount changed Ratio changed Causes
Operating income 293919991.10 425637522.85 -131717531.75 -30.95% Including 1. The decrease of income for
responding to the government’s call for
rent relief for tenants; and 2. Affected
by the epidemic rental and jewelry
operating income declined.Taxes and additional 2500339.74 4319838.32 -1819498.58 -42.12% Taxes declined due to the decrease of
business from epidemic
Financial expenses -2683364.51 4716086.24 -7399450.75 -156.90% Interest expenses declined due to the
decrease of bank loans on a y-o-y basis
Other income 1198548.91 278123.14 920425.77 330.94% The government policy subsidy for
enterprises received in the year.Income from change of
fair value Income from
change of fair value
481512.38 - 481512.38 Changes in fair value of the unexpired
financial products in the year.Loss of credit impairment 599333.06 276528.83 322804.23 116.73% Decrease of the receivable from
Sichuan Company are transfer to loss of
credit impairment in the year
Assets impairment loss - -11907.69 11907.69 -100.00% No such losses in the year
Income from assets
disposal
- 244106.72 -244106.72 -100.00% No such income in the year
Non-operation revenue 1038078.15 88241.69 949836.46 1076.40% Including 1.the government subsidy
obtained due to epidemic; 2. gains from
forfeiture of a tenant’s lease deposit due
to early surrender of the lease
Non-operation
expenditure
69059.48 834987.39 -765927.91 -91.73% At same period last year the late fee for
breach of contract from Anhui
Company
Cash flow statement
Item
Accumulated this
year
Same period last
year
Amount changed Ratio changed Causes
Net cash flow arising
from operation activities
113504644.63 57968425.90 55536218.73 The performance bond received in the
year for equity transfer of Dongfeng
Net cash flow arising
from investment
activities
-304041964.84 70629412.84 -374671377.68 Including 1.financial products
purchased in the Period increased on a
y-o-y basis; and 2. the preliminary
input for the project of Jinzuan Trading
Building increased
Net cash flow arising
from financing activities
-17778202.09 -81626498.60 63848296.51 At same period last year Zhongtian
Company repaid the project loans and
made the cash out-flow declined on a
y-o-y basis while there was no such
item occurred in the year.Net increase of cash and
cash equivalent
-208315433.88 46971349.98 -255286783.86
II. Progress and influence of the main events as well as solution analysis specification
√Applicable □Not applicable
On 17 July 2020 the Company holds the 17th extraordinary meeting of 9th BOD to deliberated and approved the Proposal of Signing
the Intention Agreement with Hubei Hans’ Industry Investment Co. Ltd.. and the Company entered into an intention agreement with
Hubei Hans’ Industry Investment Co. Ltd. (hereinafter referred to as Hans’) on the same day. The wholly-owned subsidiary of the
Company - Shenzhen Auto Industry and Trade Corporation (hereinafter referred to as Auto Industry and Trade Company) will sells
25% equity of the Shenzhen Dongfeng Motor Co. Ltd (hereinafter referred to as Shenzhen Dongfeng) held publicly listed through
the United Assets and Equity Exchange. Hans’ committed to participate in the 25% equity of Shenzhen Dongfeng transferred by Auto
Industry and Trade Company according to the laws and regulations and bought the target equity with price not less than 1/2 of the
transaction price of Dongfeng’s 50% equity transfer by Hans’ and not lower than the evaluation price made by the third-party
intermediary selected or recognized by Auto Industry and Trade Company.
As of end of June 2020 the balance of long-term equity investment for Shenzhen Dongfeng from Auto Industry and Trade
Company amounted as 44.9888 million Yuan. Based on the agreement Hans’ proposes an intention of acquisition to Auto Industry
and Trade Company if the Company sells 25% equity of Shenzhen Dongfeng it will affect the total profit and net profit of the
Company for the current period the specific amount shall be subject to the evaluation price and final transaction price generated by
the public listing. Found more in the Notice on Planning to Transfer Equity of the Stock-Jointly Subsidiary and Singing the Intention
Agreement (Notice No.: 2020-039) released on Securities Times Hong Kong Commercial Daily and Juchao Website
(http://www.cninfo.com.cn) dated 18 July 2020.Overview Date for disclosure
Information index for temporary report
disclosure
Relevant items of planning to transfer
equity of the stock-jointly subsidiary and
singing the intention agreement
2020-07-18
Notice on Planning to Transfer Equity of
the Stock-Jointly Subsidiary and Singing
the Intention Agreement (Notice No.:
2020-039) released on Securities Times
Hong Kong Commercial Daily and Juchao
Website (http://www.cninfo.com.cn)
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 actual controller shareholders related party acquirer and the
Company etc. 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 actual controller shareholders related party acquirer and the Company etc. have fulfilled during
the reporting period and have not yet fulfilled by the end of reporting period.IV. Financial asset investment
1. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
2. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of 2020 business performance
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
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
√ Applicable □Not applicable
In RMB
Type Capital sources Amount entrust Unexpired balance Overdue amount
Bank financial products Own funds 106000000 298210000 0
Total 106000000 298210000 0
Details of the single major amount or high-risk entrust 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
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.XI. Registration form for receiving research communication and interview in the report
period
□ Applicable √ Not applicable
No registration form for receiving research communication or interview in the Period.Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Tellus Holding Co. Ltd.September 30 2020
In RMB
Item September 30 2020 December 31 2019
Current assets:
Monetary funds 221270052.08 428851606.04
Settlement provisions
Capital lent
Tradable financial assets 299198582.57 60486575.34
Derivative financial assets
Note receivable
Account receivable 24551701.00 112613224.27
Receivable financing
Accounts paid in advance 16299669.11 12683603.89
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 47623792.56 44908546.40
Including: Interest receivable
Dividend receivable 39647732.42 39647732.42
Buying back the sale of financial
assets
Inventories 15670163.83 21389602.83
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 33903908.62 3403969.23
Total current assets 658517869.77 684337128.00
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 126716224.96 162178544.05
Investment in other equity
instrument 10176617.20 10176617.20
Other non-current financial assets
Investment real estate 541402184.99 554599503.55
Fixed assets 103177432.95 107119796.59
Construction in progress 110515997.92 47654393.55
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 49648213.14 50561225.67
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned 14473865.00 13606805.49
Deferred income tax asset 8629755.74 8658962.39
Other non-current asset 30560611.14 6889167.54
Total non-current asset 995300903.04 961445016.03
Total assets 1653818772.81 1645782144.03
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 66396824.64 69087430.42
Accounts received in advance 20060250.04 27299822.71
Contractual liability
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 26965606.62 31204794.89
Taxes payable 14125400.74 71425267.61
Other account payable 154499007.56 101266802.49
Including: Interest payable
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 282047089.60 300284118.12
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable 3920160.36 3920160.36
Long-term wages payable
Accrual liability 2225468.76 2225468.76
Deferred income 139400.00 139400.00
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 6285029.12 6285029.12
Total liabilities 288332118.72 306569147.24
Owner’s equity:
Share capital 431058320.00 431058320.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 431449554.51 431449554.51
Less: Inventory shares
Other comprehensive income 26422.00 26422.00
Reasonable reserve
Surplus public reserve 21007488.73 21007488.73
Provision of general risk
Retained profit 408956933.60 387423510.78
Total owner’ s equity attributable to
parent company 1292498718.84 1270965296.02
Minority interests 72987935.25 68247700.77
Total owner’ s equity 1365486654.09 1339212996.79
Total liabilities and owner’ s equity 1653818772.81 1645782144.03
Legal Representative: Fu Chunlong
Person in charge of accounting works: Lou Hong
Person in charge of accounting institute: Liu Yuhong
2. Balance Sheet of Parent Company
In RMB
Item September 30 2020 December 31 2019
Current assets:
Monetary funds 82222762.12 201885691.27
Trading financial assets 100464315.06 40324383.56
Derivative financial assets
Note receivable
Account receivable 206710.76 206710.76
Receivable financing
Accounts paid in advance 26400.00 100000.00
Other account receivable 131548161.57 116037773.09
Including: Interest receivable
Dividend receivable 547184.35 547184.35
Inventories
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 5014926.51 1419760.18
Total current assets 319483276.02 359974318.86
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 890681562.11 859355040.60
Investment in other equity
instrument 10176617.20 10176617.20
Other non-current financial assets
Investment real estate 37437902.45 39616602.02
Fixed assets 13992559.97 14012830.64
Construction in progress 73115276.63 35321704.26
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 48127432.44 48953266.56
Research and development costs
Goodwill
Long-term deferred expenses 2371088.86 2639122.63
Deferred income tax assets 3528642.39 3557849.04
Other non-current assets 30460611.14 6789167.54
Total non-current assets 1109891693.19 1020422200.49
Total assets 1429374969.21 1380396519.35
Current liabilities
Short-term borrowings
Trading financial liability
Derivative financial liability
Notes payable
Account payable 267841.07 14000.00
Accounts received in advance 1822089.80
Contractual liability
Wage payable 13723093.22 8199278.01
Taxes payable 2407558.31 54684929.01
Other accounts payable 344081998.59 257260350.77
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 362302580.99 320158557.79
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
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 362302580.99 320158557.79
Owners’ equity:
Share capital 431058320.00 431058320.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 428256131.23 428256131.23
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 21007488.73 21007488.73
Retained profit 186750448.26 179916021.60
Total owner’s equity 1067072388.22 1060237961.56
Total liabilities and owner’s equity 1429374969.21 1380396519.35
3. Consolidated Profit Statement (the period)
In RMB
Item Current period Last period
I. Total operating income 96868200.81 147368783.52
Including: Operating income 96868200.81 147368783.52
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 89402056.59 129187557.75
Including: Operating cost 76260755.18 112823023.58
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 1123612.17 1351673.26
Sales expense 5974935.95 4897794.44
Administrative expense 6523967.25 9156755.99
R&D expense
Financial expense -481213.96 958310.48
Including: Interest
expenses 400000.00 1159928.56
Interest income -942789.54 -2556683.27
Add: other income 1145702.21 271511.85
Investment income (Loss is
listed with “-”) 7097708.47 5855398.96
Including: Investment income
on affiliated company and joint venture 6015814.07 4262192.41
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 “-”) 837614.73
Loss of credit impairment
(Loss is listed with “-”) 131.63 174862.69
Losses of devaluation of asset
(Loss is listed with “-”) -11907.69
Income from assets disposal
(Loss is listed with “-”) 140947.04
III. Operating profit (Loss is listed with
“-”) 16547301.26 24612038.62
Add: Non-operating income 91971.23 -31383.75
Less: Non-operating expense 40000.00 1587.39
IV. Total profit (Loss is listed with “-”) 16599272.49 24579067.48
Less: Income tax expense 2270444.21 4150432.73
V. Net profit (Net loss is listed with “-”) 14328828.28 20428634.75
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”) 14328828.28 20428634.75
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company 14042886.48 19261241.23
2.Minority shareholders’ gains and
losses 285941.80 1167393.52
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.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 14328828.28 20428634.75
Total comprehensive income
attributable to owners of parent Company 14042886.48 19261241.23
Total comprehensive income
attributable to minority shareholders 285941.80 1167393.52
VIII. Earnings per share:
(i) Basic earnings per share 0.0326 0.0447
(ii) Diluted earnings per share 0.0326 0.0447
Legal Representative: Fu Chunlong
Person in charge of accounting works: Lou Hong
Person in charge of accounting institute: Liu Yuhong
4. Profit Statement of Parent Company (the period)
In RMB
Item Current period Last period
I. Operating income 14841200.40 9291270.65
Less: Operating cost 2905764.50 874952.45
Taxes and surcharge 348042.42 330105.68
Sales expenses 271271.30
Administration expenses 5155326.58 4592365.64
R&D expenses
Financial expenses -408511.03 966496.79
Including: interest
expenses 1114808.00
Interest income -410695.78 -1853888.60
Add: other income
Investment income (Loss is
listed with “-”) 4100070.30 4921934.63
Including: Investment income 3863575.08 3991312.37
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 “-”) 464315.06
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
“-”) 11133691.99 7449284.72
Add: Non-operating income 6940.95
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) 11133691.99 7456225.67
Less: Income tax 1209549.76 9735.55
IV. Net profit (Net loss is listed with
“-”) 9924142.23 7446490.12
(i)continuous operating net profit(net loss listed with ‘-”) 9924142.23 7446490.12
(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.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income 9924142.23 7446490.12
VII. Earnings per share:
(i) Basic earnings per share 0.0230 0.0173
(ii) Diluted earnings per share 0.0230 0.0173
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Total operating income 293919991.10 425637522.85
Including: Operating income 293919991.10 425637522.85
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 267329366.28 372644654.54
Including: Operating cost 231035342.70 323317036.00
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 2500339.74 4319838.32
Sales expense 12751080.49 14256308.73
Administrative expense 23725967.86 26035385.25
R&D expense
Financial expense -2683364.51 4716086.24
Including: Interest
expenses 446986.20 5925865.62
Interest income -3396284.53 -1404628.58
Add: other income 1198548.91 278123.14
Investment income (Loss is
listed with “-”) 19979198.97 22566849.89
Including: Investment income
on affiliated company and joint venture 14537680.91 15037716.95
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 “-”) 481512.38
Loss of credit impairment
(Loss is listed with “-”) 599333.06 276528.83
Losses of devaluation of asset
(Loss is listed with “-”) -11907.69
Income from assets disposal 244106.72
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
“-”) 48849218.14 76346569.20
Add: Non-operating income 1038078.15 88241.69
Less: Non-operating expense 69059.48 834987.39
IV. Total profit (Loss is listed with “-”) 49818236.81 75599823.50
Less: Income tax expense 8718750.27 10188689.49
V. Net profit (Net loss is listed with “-”) 41099486.54 65411134.01
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”) 41099486.54 65411134.01
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company 39637872.26 64041189.83
2.Minority shareholders’ gains and
losses 1461614.28 1369944.18
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.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 41099486.54 65411134.01
Total comprehensive income
attributable to owners of parent Company 39637872.26 64041189.83
Total comprehensive income
attributable to minority shareholders 1461614.28 1369944.18
VIII. Earnings per share:
(i) Basic earnings per share 0.0920 0.1486
(ii) Diluted earnings per share 0.0920 0.1486
Legal Representative: Fu Chunlong
Person in charge of accounting works: Lou Hong
Person in charge of accounting institute: Liu Yuhong
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 27962054.92 28403325.20
Less: Operating cost 6763484.07 2649509.45
Taxes and surcharge 757131.78 1116336.75
Sales expenses 1841233.28
Administration expenses 17664855.43 13099860.82
R&D expenses
Financial expenses -1370167.92 3742293.34
Including: interest
expenses 4725451.70
Interest income -1460954.48 -1002153.90
Add: other income 21849.42
Investment income (Loss is
listed with “-”) 23330593.48 16716400.08
Including: Investment income
on affiliated Company and joint venture 12579521.51 12367784.04
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 “-”) 139931.50
Loss of credit impairment
(Loss is listed with “-”) -18945.66
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
“-”) 25797892.68 24492779.26
Add: Non-operating income -18810.00 26366.66
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) 25779082.68 24519145.92
Less: Income tax 840206.58 774206.65
IV. Net profit (Net loss is listed with
“-”) 24938876.10 23744939.27
(i)continuous operating net profit(net loss listed with ‘-”) 24938876.10 23744939.27
(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.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income 24938876.10 23744939.27
VII. Earnings per share:
(i) Basic earnings per share 0.0579 0.0551
(ii) Diluted earnings per share 0.0579 0.0551
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
414449994.54 431307307.07
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 97462502.03 35433801.62
Subtotal of cash inflow arising from
operating activities 511912496.57 466741108.69
Cash paid for purchasing
commodities and receiving labor
service
219090488.56 316903853.04
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 39462106.68 41099923.77
Taxes paid 72870782.65 15344440.44
Other cash paid concerning
operating activities 66984474.05 35424465.54
Subtotal of cash outflow arising from
operating activities 398407851.94 408772682.79
Net cash flows arising from operating
activities 113504644.63 57968425.90
II. Cash flows arising from investing
activities:
Cash received from recovering
investment 1028050000.00 1342157575.52
Cash received from investment
income 20718816.21 49812733.56
Net cash received from disposal of
fixed intangible and other long-term
assets
32400.00 302900.00
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities 148187000.00
Subtotal of cash inflow from investing
activities 1048801216.21 1540460209.08
Cash paid for purchasing fixed
intangible and other long-term assets 121583181.05 95210796.24
Cash paid for investment 1231260000.00 1374620000.00
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 1352843181.05 1469830796.24
Net cash flows arising from investing
activities -304041964.84 70629412.84
III. Cash flows arising from financing
activities
Cash received from absorbing
investment 7000000.00 20000000.00
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
7000000.00 20000000.00
Cash received from loans 158020000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities 7000000.00 178020000.00
Cash paid for settling debts 2952372.85 253614887.55
Cash paid for dividend and profit
distributing or interest paying 21825829.24 6031611.05
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities 24778202.09 259646498.60
Net cash flows arising from financing
activities -17778202.09 -81626498.60
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
88.42 9.84
V. Net increase of cash and cash
equivalents -208315433.88 46971349.98
Add: Balance of cash and cash
equivalents at the period -begin 400668257.81 142848120.69
VI. Balance of cash and cash
equivalents at the period -end 192352823.93 189819470.67
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
26308394.79 25003577.51
Write-back of tax received
Other cash received concerning
operating activities 129151090.40 8002129.94
Subtotal of cash inflow arising from
operating activities 155459485.19 33005707.45
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 20382445.94 13452722.60
Taxes paid 56244533.03 2466614.79
Other cash paid concerning
operating activities 50104038.39 16204073.88
Subtotal of cash outflow arising from
operating activities 126731017.36 32123411.27
Net cash flows arising from operating
activities 28728467.83 882296.18
II. Cash flows arising from investing
activities:
Cash received from recovering
investment 392000000.00 727000000.00
Cash received from investment
income 10892118.02 22458538.51
Net cash received from disposal of
fixed intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities 148187000.00
Subtotal of cash inflow from investing
activities 402892118.02 897645538.51
Cash paid for purchasing fixed
intangible and other long-term assets 63165945.48 63593442.68
Cash paid for investment 470747000.00 749000000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities 533912945.48 812593442.68
Net cash flows arising from investing
activities -131020827.46 85052095.83
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 143000000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities 143000000.00
Cash paid for settling debts 193000000.00
Cash paid for dividend and profit
distributing or interest paying 18104449.44 4958262.11
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities 18104449.44 197958262.11
Net cash flows arising from financing
activities -18104449.44 -54958262.11
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents -120396809.07 30976129.90
Add: Balance of cash and cash
equivalents at the period -begin 173702343.04 62172486.14
VI. Balance of cash and cash
equivalents at the period -end 53305533.97 93148616.04
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of
new revenue rules and new leasing rules from 2020
√ Applicable □Not applicable
Whether to adjust the balance sheet account at the beginning of the year
□ Yes √No
Reasons for not adjusting the balance sheet account at the beginning of the year
On 5 July 2017 the Ministry of Finance issued the “Notice of Amendments and Issuance” (Cai Kuai [2017] No.22) (hereinafter
referred to as New Revenue Standard) and requires the enterprises listed in China to take effect on 1 January 2020.The Company release the accounting statements in accordance with the requirement of New Revenue Standards since 1 January 2020
and there is no need to retrograde the comparable for year of 2019 change of the accounting policy has no impact on the relevant
financial index for year of 2019.2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules and
new leasing rules from 2020
□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.
沪公网安备31011802005267号
