Shenzhen Tellus Holding Co. Ltd.First Quarterly Report 2021
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Tellus Holding
Co. Ltd. (hereinafter referred to as the Company) and its directors supervisors
and senior executives should guarantee the reality accuracy and completion of
the quarterly report there are no any fictitious statements misleading
statements or important omissions carried in this report and shall take legal
responsibilities individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Fu Chunlong Person in charge of the Company Lou Hong person in charge of
accounting works and Liao Zebin person in charge of accounting organ
(accounting officer) hereby confirm that the Financial Report of this Quarterly
Report is authentic accurate and complete.Section II. Company Profile
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes ? No
Current Period Same period of last year
Changes of this period
over same period of last
year
Operating income (RMB) 144033886.08 85520408.64 68.42%
Net profit attributable to shareholders of
the listed company (RMB)
21691438.24 5209071.29 316.42%
Net profit attributable to shareholders of
the listed company after deducting
non-recurring gains and losses (RMB)
20476430.15 2618160.47 682.09%
Net cash flow arising from operating
activities (RMB)
-4764233.42 6507973.24 -173.21%
Basic earnings per share (RMB/Share) 0.0503 0.0121 315.70%
Diluted earnings per share (RMB/Share) 0.0503 0.0121 315.70%
Weighted average ROE 1.64% 0.41% 1.23%
At the end of the
reporting period
At the end of last year
Changes of this
period-end over same
period-end of last year
Total assets (RMB) 1736552808.59 1708442301.15 1.65%
Net assets attributable to shareholder of
listed company (RMB)
1332216113.71 1310524675.47 1.66%
Items of non-recurring gains and losses
?Applicable □ Not applicable
In RMB
Item
Amount from year-begin to
period-end
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 business)
8568.06
Losses/gains from changes of fair values occurred in holding trading
financial assets derivative financial assets trading financial liabilities and
derivative financial liabilities and investment income obtaining from the
1792553.85 Financial income
disposal of trading financial assets derivative financial assets trading
financial liability derivative financial liability and other debt investment
excluded effective hedging business relevant with normal operations of the
Company
Other non-operating income and expenditure except for the aforementioned
items
32805.85
Less: Impact on income tax 446605.49
Impact on minority shareholders’ equity (post-tax) 172314.18
Total 1215008.09 --
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. Total number of shareholders at the end of this report period and top ten shareholders
1. Number of common shareholders and preference shareholders with voting rights recovered and top ten
common shareholders
In shares
Total number of common shareholders at
the end of report period
47794
Total preference shareholders
with voting rights recovered at
end of reporting period (if
applicable)
0
Top ten shareholders
Shareholder’s name
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
legal person
49.09% 211591621 0 0
Shenzhen Zhiyuan
Fuhai Jewelry Industry
Investment Enterprises
(limited partnership)
Domestic
non-state
legal person
14.77% 63655372 0 0
GUOTAI JUNAN
SECURITIES(HONGK
Foreign legal
person
0.40% 1736091 0 0
ONG) LIMITED
Hong Kong Securities
Clearing Company
Limited
Foreign legal
person
0.27% 1158077 0 0
Shanghai Yingshui
Investment Management
Co. Ltd. - Yingshui
Dongfeng No.3-Private
Equity Investment Fund
Other 0.13% 566487 0 0
Lin Rongtao
Domestic
nature person
0.12% 538780 0 0
Xiao Qiaoyue
Domestic
nature person
0.12% 522960 0 0
Cinda Securities Co.
Ltd.State-owned
legal person
0.12% 510000 0 0
CCB-GF CSI All Index
Auto index-based
Originated Securities
Investment Fund
Other 0.12% 508928 0 0
Xu Chunhong
Domestic
nature person
0.11% 493660 0 0
Top ten shareholders with unrestricted shares held
Shareholder’s name Amount of unrestricted shares held
Type of shares
Type Amount
SHENZHEN SDG CO. LTD. 211591621
RMB ordinary
shares
211591621
Shenzhen Zhiyuan Fuhai Jewelry Industry
Investment Enterprises (limited
partnership)
63655372
RMB ordinary
shares
63655372
GUOTAI JUNAN
SECURITIES(HONGKONG) LIMITED
1736091
Domestically
listed foreign
shares
1736091
Hong Kong Securities Clearing Company
Limited
1158077
RMB ordinary
shares
1158077
Shanghai Yingshui Investment
Management Co. Ltd. - Yingshui
Dongfeng No.3-Private Equity
Investment Fund
566487
RMB ordinary
shares
566487
Lin Rongtao 538780 RMB ordinary 538780
shares
Xiao Qiaoyue 522960
RMB ordinary
shares
522960
Cinda Securities Co. Ltd. 510000
RMB ordinary
shares
510000
CCB-GF CSI All Index Auto index-based
Originated Securities Investment Fund
508928
RMB ordinary
shares
508928
Xu Chunhong 493660
RMB ordinary
shares
493660
Explanation on associated relationship
among the aforesaid shareholders
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 person acting in concert 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 person acting in concert.
Explanation on top ten common
shareholders involving margin business
(if applicable)
Shareholder Shanghai Yingshui Investment Management Co. Ltd. - Yingshui
Dongfeng No.3-Private Equity Investment Fund holds 566487 shares of the
company's stock through a credit transaction guarantee securities account and 0
shares of the stock through an ordinary securities account for a total of 566487.shares. Shareholder Lin Rongtao holds 470360shares of the Company through a
credit transaction guaranteed securities account and 68420 shares through an
ordinary securities account 538780 shares held in total. Shareholder Xiao Qiaoyue
holds 393560 shares of the Company through a credit transaction guaranteed
securities account and 129400 shares through an ordinary securities account
522960 shares held in total. Shareholder Xu Chunhong holds 393660 shares of the
Company through a credit transaction guaranteed securities account and 100000
shares through an ordinary securities account 493660 shares held in total.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 shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□Applicable? Not applicable
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
? Applicable □ Not applicable
In RMB
Balance sheet
Asset Closing balance Opening balance Changes amount Changes ratio Reasons of changes
Monetary funds 178870559.72 237625698.93 -58755139.21 -24.73%Mainly because the purchase amount
of wealth management products in the
current period is greater than the
redemption amount which reduces the
monetary funds
Accounts
receivable
50857817.77 19828510.36 31029307.41 156.49%Mainly due to the new receivables
from the purchase and sales of gold
products during the reporting period
Inventory 13595277.42 22079679.93 -8484402.51 -38.43%Mainly due to the decrease in
inventory of gold products and
vehicles
Long-term
equity
investment
127043061.09 123640955.57 3402105.52 2.75%
Investment real
estate
563290390.89 568246616.13 -4956225.24 -0.87%
Fixed assets 117982735.87 119136917.91 -1154182.04 -0.97%
Construction in
progress
118857146.27 101740485.48 17116660.79 16.82%Mainly due to the increase in
investment in the Tellus Golden
Diamond Trading Building project
Long term loan 25496104.15 11171759.33 14324344.82 128.22%Mainly due to the increase in fixed
assets loans for the Tellus Jinzuan
Trading Building
Contract
liabilities
7367945.26 18988628.13 -11620682.87 -61.20%Mainly the carryover income from
car sales received in advance
Profit statement
Item
Amount at this
year
At same period of
last year
Change amount Changes ratio Reasons of changes
Operating income 144033886.08 85520408.64 58513477.44 68.42%Mainly due to the reduction in
income of tenants in response to the
call of the SASAC to reduce rents for
two months
Operating cost 107366225.41 73945723.56 33420501.85 45.20%Mainly due to the increase in the
purchase and sale cost of new gold
products and the cost of automobile
sales this year
Taxes and
surcharges
1299863.16 681715.08 618148.08 90.68%Mainly due to the increase in
business volume year-on-year and
taxes increased
Sales expense 6023184.84 3158037.63 2865147.21 90.73%Mainly due to the operating costs of
the newly Shenzhen Jewelry
Company and Baoku Company in
this period
Financial
expenses
-235107.98 -715490.30 480382.32 -67.14%Mainly because the interest expenses
on performance bonds of Hancheng
Energy Company increased.
Other income 171399.92 16224.48 155175.44 956.43%Mainly received special subsidies
from car dealers
Income tax 5368783.82 421125.67 4947658.15 1174.87%Increase in operating profit of
affiliated company
Cash flow statement
Item
Amount at this
year
At same period of
last year
Change amount Changes ratio Reasons of changes
Net cash flow
from operating
activities
-4764233.42 6507973.24 -11272206.66 -173.21%Mainly due to the payment for
purchasing gold products for new
business of gold product increased in
the Period
Net cash flows
from investing
activities
-68363614.63 43426021.90 -111789636.53 -257.43%Mainly because the purchase amount
of wealth management products in the
current period is greater than the
redemption amount resulting in a
decrease in cash inflows
Net cash flow
from financing
activities
14132238.48 14132238.48 100.00%Mainly due to the increase in fixed
assets loans for the Tellus Jinzuan
Trading Building
Net increase in
cash and cash
equivalents
-58995609.57 49933995.14 -108929604.71 -218.15%
II. Analysis and explanation of significant events and their influence and solutions
□Applicable ?Not applicable
Progress of shares buy-back
□Applicable ?Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable ?Not applicable
III. Commitments completed in Period and those without completed till end of the Period
from actual controller shareholders related parties purchaser and companies
□Applicable ? Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller
shareholders related parties purchaser and companies.IV. Financial asset investment
1. Securities investment
□Applicable ? Not applicable
2. Derivative investment
□Applicable ? Not applicable
V. Progress of investment projects with raised funds
□Applicable ? Not applicable
VI. Prediction of business performance from January – June 2021
□Applicable ? Not applicable
VII. Major contracts for daily operations
□Applicable ? Not applicable
Significant difference between the progress of a major contract and the contract agreement and affects more than 30% of the contract
amount
□ Applicable ? Not applicable
VIII. Trust financing
?Applicable □ Not applicable
In 10 thousand yuan
Type Capital resources Amount for entrust Undue balance Overdue amount
Bank financing
products
Own fund 37738.00 36490.00 0.00
Total 37738.00 36490.00 0.00
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
IX. Guarantee outside against the regulation
□Applicable?Not applicable
The Company had no guarantee outside against the regulation in the period.X. Non-operational fund occupation from controlling shareholders and its related party
□Applicable? Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period.XI. Registration form for receiving research communication and interview in the report
period
□Applicable?Not applicable
The Company had no receiving research communication or interview in the report period.Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Tellus Holding Co. Ltd.In RMB
Item March 31 2021 March 31 2020
Current assets:
Monetary fund 178870559.72 237625698.93
Settlement provisions
Capital lent
Trading financial assets 365950748.43 314013869.86
Derivative financial assets
Note receivable
Account receivable 50857817.77 19828510.36
Receivable financing
Accounts paid in advance 7634395.03 9847749.74
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 31254423.66 29269790.83
Including: Interest receivable
Dividend receivable 24647732.42 24647732.42
Buying back the sale of financial
assets
Inventories 13595277.42 22079679.93
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 4057552.39 6000566.69
Total current assets 652220774.42 638665866.34
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 127043061.09 123640955.57
Investment in other equity
instrument
10176617.20 10176617.20
Other non-current financial
assets
Investment real estate 563290390.89 568246616.13
Fixed assets 117982735.87 119136917.91
Construction in progress 118857146.27 101740485.48
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 51269315.47 51627673.21
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
30388844.46 30714879.22
Deferred income tax asset 8489086.55 8498822.10
Other non-current asset 56834836.37 55993467.99
Total non-current asset 1084332034.17 1069776434.81
Total assets 1736552808.59 1708442301.15
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 78451076.31 76583166.53
Accounts received in advance 2466788.17 2403580.47
Contractual liability 7367945.26 18988628.13
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 26363169.77 28365685.21
Taxes payable 23315233.63 21062154.32
Other account payable 162061261.13 158663974.62
Including: Interest payable 29640.20
Dividend payable 46295.65 46295.65
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due
within one year
Other current liabilities 515220.25 2237573.19
Total current liabilities 300540694.52 308304762.47
Non-current liabilities:
Insurance contract reserve
Long-term loans 25496104.15 11171759.33
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable 3920160.36 3920160.36
Long-term wages payable
Accrual liability 268414.80 268414.80
Deferred income 131102.38 131102.38
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 29815781.69 15491436.87
Total liabilities 330356476.21 323796199.34
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 23848485.62 23848485.62
Provision of general risk
Retained profit 445833331.58 424141893.34
Total owner’ s equity attributable to
parent company
1332216113.71 1310524675.47
Minority interests 73980218.67 74121426.34
Total owner’ s equity 1406196332.38 1384646101.81
Total liabilities and owner’ s equity 1736552808.59 1708442301.15
Legal representative: Fu Chunlong
Person in charge of accounting works: Lou Hong
Person in charge of accounting organ: Liao Zebin
2. Balance Sheet of Parent Company
In RMB
Item March 31 2021 March 31 2020
Current assets:
Monetary funds 73816647.87 71772303.28
Trading financial assets 152548442.68 118484941.09
Derivative financial assets
Note receivable
Account receivable 1055951.59 249428.20
Receivable financing
Accounts paid in advance
Other account receivable 94020365.85 126970097.13
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
Total current assets 321441407.99 317476769.70
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 881068336.39 876760784.88
Investment in other equity
instrument
10176617.20 10176617.20
Other non-current financial
assets
Investment real estate 31331203.54 31971205.42
Fixed assets 18736749.76 19082604.22
Construction in progress 117368970.51 100252309.72
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 49806653.71 50135951.98
Research and development costs
Goodwill
Long-term deferred expenses 9281529.98 8786280.69
Deferred income tax assets 3387973.20 3397708.75
Other non-current assets 29449636.37 27427939.18
Total non-current assets 1150607670.66 1127991402.04
Total assets 1472049078.65 1445468171.74
Current liabilities
Short-term borrowings
Trading financial liability
Derivative financial liability
Notes payable
Account payable 239126.06 267841.07
Accounts received in advance 42470.21 682934.41
Contractual liability
Wage payable 14372941.50 15784381.93
Taxes payable 2282253.28 1123476.72
Other accounts payable 352093822.99 345894297.23
Including: Interest payable 29640.20
Dividend payable
Liability held for sale
Non-current liabilities due
within one year
Other current liabilities
Total current liabilities 369030614.04 363752931.36
Non-current liabilities:
Long-term loans 25496104.15 11171759.33
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 25496104.15 11171759.33
Total liabilities 394526718.19 374924690.69
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 23848485.62 23848485.62
Retained profit 194359423.61 187380544.20
Total owner’s equity 1077522360.46 1070543481.05
Total liabilities and owner’s equity 1472049078.65 1445468171.74
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 144033886.08 85520408.64
Including: Operating income 144033886.08 85520408.64
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 122542080.40 84581694.95
Including: Operating cost 107366225.41 73945723.56
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 1299863.16 681715.08
Sales expense 6023184.84 3158037.63
Administrative expense 8087914.97 7511708.98
R&D expense
Financial expense -235107.98 -715490.30
Including: Interest
expenses
602590.91 35299.72
Interest
income
901713.50 797873.41
Add: other income 171399.92 16224.48
Investment income (Loss is
listed with “-”)
4937780.80 4215152.38
Including: Investment
income on affiliated company and joint
venture
3402105.52 1322651.43
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 “-”)
256878.57
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of
asset (Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
28343.57
III. Operating profit (Loss is listed with
“-”)
26886208.54 5170090.55
Add: Non-operating income 32955.85 219502.64
Less: Non-operating expense 150.00 2000.73
IV. Total profit (Loss is listed with “-”) 26919014.39 5387592.46
Less: Income tax expense 5368783.82 421125.67
V. Net profit (Net loss is listed with 21550230.57 4966466.79
“-”)
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”)
21550230.57 4966466.79
2.termination of net profit (netloss listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to
owner’s of parent company
21691438.24 5209071.29
2.Minority shareholders’ gains
and losses
-141207.67 -242604.50
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 21550230.57 4966466.79
Total comprehensive income
attributable to owners of parent
Company
21691438.24 5209071.29
Total comprehensive income
attributable to minority shareholders
-141207.67 -242604.50
VIII. Earnings per share:
(i) Basic earnings per share 0.0503 0.0121
(ii) Diluted earnings per share 0.0503 0.0121
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: Fu Chunlong
Person in charge of accounting works: Lou Hong
Person in charge of accounting organ: Liao Zebin
4. Profit Statement of Parent Company
In RMB
Item Current period Last period
I. Operating income 9680111.98 3257928.46
Less: Operating cost 1973914.25 1535130.66
Taxes and surcharge 365100.79 301556.50
Sales expenses 401762.69
Administration expenses 5940942.34 4957051.60
R&D expenses
Financial expenses -343971.60 -348390.50
Including: interest
expenses
Interest income 348705.69 351551.46
Add: other income
Investment income (Loss is
listed with “-”)
5163310.88 4389774.57
Including: Investment
income on affiliated Company and
joint venture
4307551.51 3074426.93
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 “-”)
63501.59
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 “-”)
6970938.67 800592.08
Add: Non-operating income 17676.29 -18810.00
Less: Non-operating expense
III. Total Profit (Loss is listed with
“-”)
6988614.96 781782.08
Less: Income tax 9735.55
IV. Net profit (Net loss is listed with
“-”)
6978879.41 781782.08
(i)continuous operating net profit (netloss listed with ‘-”)
6978879.41 781782.08
(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 6978879.41 781782.08
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
109848020.83 93983432.07
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
11550283.76 5414499.19
Subtotal of cash inflow arising from
operating activities
121398304.59 99397931.26
Cash paid for purchasing
commodities and receiving labor
service
88137934.55 60805302.03
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
16710093.55 11628268.09
Taxes paid 6853245.36 8147976.74
Other cash paid concerning
operating activities
14461264.55 12308411.16
Subtotal of cash outflow arising from
operating activities
126162538.01 92889958.02
Net cash flows arising from operating
activities
-4764233.42 6507973.24
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
325600000.00 616750000.00
Cash received from investment
income
1727815.78 3522897.50
Net cash received from disposal
of fixed intangible and other
long-term assets
52200.00
Net cash received from disposal
of subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from
investing activities
327380015.78 620272897.50
Cash paid for purchasing fixed
intangible and other long-term assets
18363630.41 20096875.60
Cash paid for investment 377380000.00 556750000.00
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
395743630.41 576846875.60
Net cash flows arising from investing
activities
-68363614.63 43426021.90
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 14324344.82
Other cash received concerning
financing activities
Subtotal of cash inflow from
financing activities
14324344.82
Cash paid for settling debts
Cash paid for dividend and
profit distributing or interest paying
192106.34
Including: Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
financing activities
192106.34
Net cash flows arising from financing
activities
14132238.48
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
-58995609.57 49933995.14
Add: Balance of cash and cash
equivalents at the period -begin
208462656.63 400668257.81
VI. Balance of cash and cash
equivalents at the period -end
149467047.06 450602252.95
Legal representative: Fu Chunlong
Person in charge of accounting works: Lou Hong
Person in charge of accounting organ: Liao Zebin
6. Cash Flow Statement of Parent Company
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
690817.00 575269.00
Write-back of tax received
Other cash received concerning
operating activities
49058706.53 14348329.71
Subtotal of cash inflow arising from
operating activities
49749523.53 14923598.71
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and
workers
7864712.51 4574896.73
Taxes paid 451025.56 1168324.25
Other cash paid concerning
operating activities
3402801.52 2064143.81
Subtotal of cash outflow arising from
operating activities
11718539.59 7807364.79
Net cash flows arising from operating
activities
38030983.94 7116233.92
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
117900000.00 247000000.00
Cash received from investment
income
1007104.93 1738115.07
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
Subtotal of cash inflow from
investing activities
118907104.93 248738115.07
Cash paid for purchasing fixed
intangible and other long-term assets
17025982.76 13494368.91
Cash paid for investment 152000000.00 207000000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from
investing activities
169025982.76 220494368.91
Net cash flows arising from investing
activities
-50118877.83 28243746.16
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 14324344.82
Other cash received concerning
financing activities
Subtotal of cash inflow from
financing activities
14324344.82
Cash paid for settling debts
Cash paid for dividend and
profit distributing or interest paying
192106.34
Other cash paid concerning
financing activities
Subtotal of cash outflow from
financing activities
192106.34
Net cash flows arising from financing
activities
14132238.48
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
2044344.59 35359980.08
Add: Balance of cash and cash
equivalents at the period -begin
42609260.98 173702343.04
VI. Balance of cash and cash
equivalents at the period -end
44653605.57 209062323.12
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasing
rules from 2021
?Applicable □Not applicable
Whether to adjust the balance sheet account at the beginning of the year
?Yes □ No
Consolidate balance sheet
In RMB
Item December 31 2020 January 1 2021 Adjustment
Current assets:
Monetary fund 237625698.93 237625698.93
Settlement provisions
Capital lent
Trading financial
assets
314013869.86 314013869.86
Derivative financial
assets
Note receivable
Account receivable 19828510.36 19828510.36
Receivable financing
Accounts paid in
advance
9847749.74 9847749.74
Insurance receivable
Reinsurance
receivables
Contract reserve of
reinsurance receivable
Other account 29269790.83 29269790.83
receivable
Including: Interest
receivable
Dividend
receivable
24647732.42 24647732.42
Buying back the sale
of financial assets
Inventories 22079679.93 22079679.93
Contractual assets
Assets held for sale
Non-current asset due
within one year
Other current assets 6000566.69 6000566.69
Total current assets 638665866.34 638665866.34
Non-current assets:
Loans and payments
on behalf
Debt investment
Other debt investment
Long-term account
receivable
Long-term equity
investment
123640955.57 123640955.57
Investment in other
equity instrument
10176617.20 10176617.20
Other non-current
financial assets
Investment real estate 568246616.13 568246616.13
Fixed assets 119136917.91 119136917.91
Construction in
progress
101740485.48 101740485.48
Productive biological
asset
Oil and gas asset
Right-of-use assets
Intangible assets 51627673.21 51627673.21
Expense on Research
and Development
Goodwill
Long-term expenses
to be apportioned
30714879.22 30714879.22
Deferred income tax
asset
8498822.10 8498822.10
Other non-current
asset
55993467.99 55993467.99
Total non-current asset 1069776434.81 1069776434.81
Total assets 1708442301.15 1708442301.15
Current liabilities:
Short-term loans
Loan from central
bank
Capital borrowed
Trading financial
liability
Derivative financial
liability
Note payable
Account payable 76583166.53 76583166.53
Accounts received in
advance
2403580.47 2403580.47
Contractual liability 18988628.13 18988628.13
Selling financial asset
of repurchase
Absorbing deposit and
interbank deposit
Security trading of agency
Security sales of
agency
Wage payable 28365685.21 28365685.21
Taxes payable 21062154.32 21062154.32
Other account payable 158663974.62 158663974.62
Including: Interest
payable
46295.65 46295.65
Dividend payable
Commission charge
and commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities
due within one year
Other current
liabilities
2237573.19 2237573.19
Total current liabilities 308304762.47 308304762.47
Non-current liabilities:
Insurance contract reserve
Long-term loans 11171759.33 11171759.33
Bonds payable
Including:
Preferred stock
Perpetual capital securities
Lease liability
Long-term account
payable
3920160.36 3920160.36
Long-term wages
payable
Accrual liability 268414.80 268414.80
Deferred income 131102.38 131102.38
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities 15491436.87 15491436.87
Total liabilities 323796199.34 323796199.34
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 23848485.62 23848485.62
Provision of general
risk
Retained profit 424141893.34 424141893.34
Total owner’ s equity
attributable to parent
company
1310524675.47 1310524675.47
Minority interests 74121426.34 74121426.34
Total owner’ s equity 1384646101.81 1384646101.81
Total liabilities and owner’
s equity
1708442301.15 1708442301.15
Statement of adjustment
On 7 December 2018 the Ministry of Finance printed and issued the Accounting Standards for Business Enterprise No. 21 - Leasing
(Cai Kuai [2018] No.35) (hereinafter referred to as New Leasing Standard) the enterprises that listed both domestically and
internationally as well as the enterprises listed aboard and adopting the IFRS or ASBEs for the preparation of financial statements
are required to carry out the Standards from 1 January 2019; other enterprises implementing ASBEs will be effective from 1 January
2021.
The Company will make an accounting statement disclosures as required by the New Leasing Standard from 1 January 2021 without
retrospective adjusting the comparable data at the beginning of 2020 and without adjusting the information in comparable period.
Balance Sheet of Parent Company
In RMB
Item December 31 2020 January 1 2021 Adjustment
Current assets:
Monetary funds 71772303.28 71772303.28
Trading financial
assets
118484941.09 118484941.09
Derivative financial
assets
Note receivable
Account receivable 249428.20 249428.20
Receivable financing
Accounts paid in
advance
Other account
receivable
126970097.13 126970097.13
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
Total current assets 317476769.70 317476769.70
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity
investments
876760784.88 876760784.88
Investment in other
equity instrument
10176617.20 10176617.20
Other non-current
financial assets
Investment real estate 31971205.42 31971205.42
Fixed assets 19082604.22 19082604.22
Construction in
progress
100252309.72 100252309.72
Productive biological
assets
Oil and natural gas
assets
Right-of-use assets
Intangible assets 50135951.98 50135951.98
Research and
development costs
Goodwill
Long-term deferred
expenses
8786280.69 8786280.69
Deferred income tax
assets
3397708.75 3397708.75
Other non-current
assets
27427939.18 27427939.18
Total non-current assets 1127991402.04 1127991402.04
Total assets 1445468171.74 1445468171.74
Current liabilities
Short-term
borrowings
Trading financial
liability
Derivative financial
liability
Notes payable
Account payable 267841.07 267841.07
Accounts received in
advance
682934.41 682934.41
Contractual liability
Wage payable 15784381.93 15784381.93
Taxes payable 1123476.72 1123476.72
Other accounts
payable
345894297.23 345894297.23
Including: Interest
payable
Dividend
payable
Liability held for sale
Non-current liabilities
due within one year
Other current
liabilities
Total current liabilities 363752931.36 363752931.36
Non-current liabilities:
Long-term loans 11171759.33 11171759.33
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 11171759.33 11171759.33
Total liabilities 374924690.69 374924690.69
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 23848485.62 23848485.62
Retained profit 187380544.20 187380544.20
Total owner’s equity 1070543481.05 1070543481.05
Total liabilities and
owner’s equity
1445468171.74 1445468171.74
Statement of adjustment
On 7 December 2018 the Ministry of Finance printed and issued the Accounting Standards for Business Enterprise No. 21 - Leasing
(Cai Kuai [2018] No.35) (hereinafter referred to as New Leasing Standard) the enterprises that listed both domestically and
internationally as well as the enterprises listed aboard and adopting the IFRS or ASBEs for the preparation of financial statements
are required to carry out the Standards from 1 January 2019; other enterprises implementing ASBEs will be effective from 1 January
2021.
The Company will make an accounting statement disclosures as required by the New Leasing Standard from 1 January 2021 without
retrospective adjusting the comparable data at the beginning of 2020 and without adjusting the information in comparable period.
2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021
?Applicable □Not applicable
Statement of adjustment
On 7 December 2018 the Ministry of Finance printed and issued the Accounting Standards for Business Enterprise No. 21 - Leasing
(Cai Kuai [2018] No.35) (hereinafter referred to as New Leasing Standard) the enterprises that listed both domestically and
internationally as well as the enterprises listed aboard and adopting the IFRS or ASBEs for the preparation of financial statements
are required to carry out the Standards from 1 January 2019; other enterprises implementing ASBEs will be effective from 1 January
2021.
The Company will make an accounting statement disclosures as required by the New Leasing Standard from 1 January 2021 without
retrospective adjusting the comparable data at the beginning of 2020 and without adjusting the information in comparable period.III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes? No
1Q report of the Company is unaudited.
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