Shenzhen Tellus Holding Co. Ltd.First Quarterly Report 2020
April 2020
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 Liu Yuhong 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) 85520408.64 119469426.49 -28.42%
Net profit attributable to shareholders of the
listed company (RMB)
5209071.29 18017619.19 -71.09%
Net profit attributable to shareholders of
the listed company after deducting non-
recurring gains and losses (RMB)
2618160.47 15885705.01 -83.52%
Net cash flow arising from operating
activities (RMB)
6507973.24 2986868.23 117.89%
Basic earnings per share (RMB/Share) 0.0121 0.0606 -80.03%
Diluted earnings per share (RMB/Share) 0.0121 0.0606 -80.03%
Weighted average ROE 0.41% 1.70% -1.29%
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) 1635904162.86 1645782144.03 -0.60%
Net assets attributable to shareholder of
listed company (RMB)
1276174367.31 1270965296.02 0.41%
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Item
Amount from year-begin to
period-end
Note
Gains/losses from entrust investment or assets management 2892500.95 Financial income
Other non-operating income and expenditure except for the
aforementioned items
217501.91
Less: Impact on income tax 186237.18
Impact on minority shareholders’ equity (post-tax) 332854.86
Total 2590910.82 --
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
48315
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 Special
Development
Group Co. Ltd.
(SDG)
State-owned
corporation
49.09% 211591621 0 0
Shenzhen Capital
Fortune Jewelry
Industry
Investment
Enterprise (LP)
Domestic non
state-owned
corporate
16.89% 72786341 0 0
China CITIC
Bank Corporation
Limited -Jianxin
Securities 500
Index Enhanced
Investment Fund
Other 0.65% 2812775 0 0
GUOTAI
JUNAN
SECURITIES(H
ONGKONG)
LIMITED
Foreign
corporation
0.40% 1736091 0 0
ChuangJin Hexin Other 0.37% 1601647 0 0
Fund - Industrial
and Commercial
Bank of China -
Foreign Trade
Trust - Foreign
Trade
Trust · stable
wealth FOF
single fund trust
Hong Kong
Securities
Clearing
Company Ltd.
Foreign
corporation
0.28% 1208830 0 0
Agricultural Bank
of China Ltd. –
CSI 500 ETF
Other 0.23% 986424 0 0
Basic endowment
insurance fund
1301 portfolio
Other 0.13% 558070 0 0
Chen Yun
Domestic nature
person
0.12% 530000 0 0
Huitianfu Fund
Management Co.Ltd. - Social
Security Fund
1052 portfolio
Other 0.11% 494600 0 0
Top ten shareholders with unrestricted shares held
Shareholder’s name Amount of unrestricted shares held
Type of shares
Type Amount
Shenzhen Special Development
Group Co. Ltd. (SDG)
211591621
RMB ordinary
shares
211591621
Shenzhen Capital Fortune Jewelry
Industry Investment Enterprise (LP)
72786341
RMB ordinary
shares
72786341
China CITIC Bank Corporation
Limited -Jianxin Securities 500
Index Enhanced Investment Fund
2812775
RMB ordinary
shares
2812775
GUOTAI JUNAN
SECURITIES(HONGKONG)
LIMITED
1736091
Domestically
listed foreign
shares
1736091
ChuangJin Hexin Fund - Industrial 1601647 RMB ordinary 1601647
and Commercial Bank of China -
Foreign Trade Trust - Foreign Trade
Trust · stable wealth FOF single
fund trust
shares
Hong Kong Securities Clearing
Company Ltd.
1208830
RMB ordinary
shares
1208830
Agricultural Bank of China Ltd. –
CSI 500 ETF
986424
RMB ordinary
shares
986424
Basic endowment insurance fund
1301 portfolio
558070
RMB ordinary
shares
558070
Chen Yun 530000
RMB ordinary
shares
530000
Huitianfu Fund Management Co.Ltd. - Social Security Fund 1052
portfolio
494600
RMB ordinary
shares
494600
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 Chen Yun holds 530000 shares of the company through the credit transaction
guarantee securities account and 0 shares of the company through the general securities
account with a total of 530000 shares.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
Balance sheet
Asset Closing balance Opening balance Changes amount Changes ratio Reasons of changes
Monetary fund 478785601.18 428851606.04 49933995.14 11.64% Redemption of financial products
increased over the same period of last
year
Accounts
receivable
107271730.72 112613224.27 -5341493.55 -4.74%
Assets held for
sale
Long-term
equity
investment
163501195.48 162178544.05 1322651.43 0.82%
Investment real
estate
550048907.05 554599503.55 -4550596.50 -0.82%
Fix assets 105127289.77 107119796.59 -1992506.82 -1.86%
Construction in
process
60444542.50 47654393.55 12790148.95 26.84% Investment of initial phase for Tellus
Jinzhuan Trading Building (Phase II of
Tellus Shuibei Jewelry Building)
increased.Short-term loans - - -
Long-term loans
Advance
receivable
16726304.72 27299822.71 -10573517.99 -38.73% Advance receivable of Huari Company
from vehicles sales are carried forward
to revenue
Other accounts
payable
106252872.23 101266802.49 4986069.74 4.92%
Stock 12521824.74 21389602.83 -8867778.09 -41.46% Decrease of stock vehicles of Huari
company
Profit statement
Item
Amount at this
year
At same period of
last year
Change amount Changes ratio Reasons of changes
Operating income
85520408.64 119469426.49 -33949017.85 -28.42% In response to the government's call
for rent reduction for tenants income
decreased due to the reduction of
jewelry sales affected by the epidemic
Financial
expenses
-715490.30 2411716.67 -3127206.97 Decrease in interest expense due to
decrease in bank loans year on year
Investment
income
4215152.38 6903486.76 -2688334.38 -38.94% Due to the impact of the epidemic on
the profits of participating companies
our investment income decreased.Income tax 421125.67 676399.30 -255273.63 -37.74% The operating profit of the affiliated
company decreased.Taxes and
surcharges
681715.08 1484949.21 -803234.13 -54.09% Taxes reduced for the declined of
business due to epidemic
Cash flow statement
Item
Amount at this
year
At same period of
last year
Change amount Changes ratio Reasons of changes
Net cash flow
arising from
investment
activity
43426021.90 -55828779.95 99254801.85 Increase in cash inflow due to increase
in redemption of financial products in
the current period
Net cash flow
arising from
financing
activity
- -12837638.82 12837638.82 100%
Loan repayment in the same period of
last year net amount increased year on
year due to no such item in the current
period
Net increased
amount of cash
and cash
equivalent
49933995.14 -65679550.54 115613545.68
Net cash flow
arising from
operating
activities
6507973.24 2986868.23 3521105.01 117.89% Due to the impact of the epidemic
some businesses were not carried out
normally resulting in a year-on-year
decrease in expenses
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
Matters concerning the exemption of some property rents in response to the COVID-19 epidemic
The Proposal on Exemption of Some Property Rents in Response to the COVID-19 Epidemic was deliberated and
approved by 13th extraordinary meeting of 9th BOD held on 19 Feb. 2020 and agreed to reduce and remit the rent
of the properties held by the Company and its affiliated enterprises. The exemption period is two months. Exemption
targets: the non-government institutions non-state-owned enterprises individual tenants of industrial and
commercial households and other tenants who meet the conditions of reduction or exemption recognized by the
management of the Company according to actual operation and management. Meanwhile the scientific research
institutions and medical institutions are not restricted by the nature of the organization. Total rent reduction will not
exceed 25 million yuan (tax excluded). found more in the Notice on Exemption of Some Property Rents in Response
to the COVID-19 Epidemic(Notice No.: 2020-011) released on Securities Times Hong Kong Commercial Daily
and Juchao Website on the same day.Summary of important issues Date of disclosure
Website query index of interim report
disclosure
Matters concerning the exemption of some
property rents in response to the COVID-19
epidemic
2020-02-21
Found more in the Notice on Exemption of
Some Property Rents in Response to the
COVID-19 Epidemic(Notice No.: 2020-
011) released on Securities Times Hong
Kong Commercial Daily and Juchao
Website on the same day.Implementation 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. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.V. Trust financing
√Applicable □Not applicable
In 10 thousand Yuan
Type Capital sources Amount occurred Outstanding balance Overdue amount
Bank financial products Own funds 14200 0 0
Total 14200 0 0
Details of the single major amount or high-risk trust investment with low security poor fluidity and non-guaranteed
□Applicable √Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.VII. 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.VIII. External security against the rules
□ Applicable √ Not applicable
The Company has no external security against the rules in the Period.IX. Controlling shareholders' and its related party's non-business capital occupying of the listed
company
□ 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 Tellus Holding Co. Ltd.In RMB
Items 2020-3-31 2019-12-31
Current assets:
Monetary fund 478785601.18 428851606.04
Settlement provisions
Capital lent
Tradable financial assets 60486575.34
Derivative financial assets
Note receivable
Account receivable 107271730.72 112613224.27
Receivable financing
Accounts paid in advance 17685595.85 12683603.89
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 46609597.41 44908546.40
Including: Interest receivable
Dividend receivable 39647732.42 39647732.42
Buying back the sale of financial
assets
Inventories 12521824.74 21389602.83
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 2826770.92 3403969.23
Total current assets 665701120.82 684337128.00
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 163501195.48 162178544.05
Investment in other equity
instrument
10176617.20 10176617.20
Other non-current financial assets
Investment real estate 550048907.05 554599503.55
Fixed assets 105127289.77 107119796.59
Construction in progress 60444542.50 47654393.55
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 50506505.70 50561225.67
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
13418244.09 13606805.49
Deferred income tax asset 8658962.39 8658962.39
Other non-current asset 8320777.86 6889167.54
Total non-current asset 970203042.04 961445016.03
Total assets 1635904162.86 1645782144.03
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 67544912.74 69087430.42
Accounts received in advance 16726304.72 27299822.71
Contractual liability
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 29671481.61 31204794.89
Taxes payable 65244098.86 71425267.61
Other account payable 106252872.23 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 285439670.16 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 291724699.28 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 392632582.07 387423510.78
Total owner’ s equity attributable to
parent company
1276174367.31 1270965296.02
Minority interests 68005096.27 68247700.77
Total owner’ s equity 1344179463.58 1339212996.79
Total liabilities and owner’ s equity 1635904162.86 1645782144.03
Legal representative: Fu Chunlong
Person in charge of accounting works: Lou Hong
Person in charge of accounting organ: Liu Yuhong
2. Balance Sheet of Parent Company
In RMB
Item 2020-3-31 2019-12-31
Current assets:
Monetary funds 237245671.35 201885691.27
Trading financial assets 40324383.56
Derivative financial assets
Note receivable
Account receivable 732509.91 206710.76
Receivable financing
Accounts paid in advance 100000.00 100000.00
Other account receivable 109878958.60 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 2434149.83 1419760.18
Total current assets 350391289.69 359974318.86
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 862429467.53 859355040.60
Investment in other equity
instrument
10176617.20 10176617.20
Other non-current financial assets
Investment real estate 38890368.83 39616602.02
Fixed assets 13886785.46 14012830.64
Construction in progress 46797315.61 35321704.26
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 48927606.06 48953266.56
Research and development costs
Goodwill
Long-term deferred expenses 2549778.04 2639122.63
Deferred income tax assets 3557849.04 3557849.04
Other non-current assets 8220777.86 6789167.54
Total non-current assets 1035436565.63 1020422200.49
Total assets 1385827855.32 1380396519.35
Current liabilities
Short-term borrowings
Trading financial liability
Derivative financial liability
Notes payable
Account payable 14000.00 14000.00
Accounts received in advance 550150.53
Contractual liability
Wage payable 8211883.77 8199278.01
Taxes payable 54286791.25 54684929.01
Other accounts payable 261745286.13 257260350.77
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 324808111.68 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 324808111.68 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 180697803.68 179916021.60
Total owner’s equity 1061019743.64 1060237961.56
Total liabilities and owner’s equity 1385827855.32 1380396519.35
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 85520408.64 119469426.49
Including: Operating income 85520408.64 119469426.49
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 84581694.95 107944394.60
Including: Operating cost 73945723.56 91086090.40
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 681715.08 1484949.21
Sales expense 3158037.63 4727001.63
Administrative expense 7511708.98 8234636.69
R&D expense
Financial expense -715490.30 2411716.67
Including: Interest
expenses
35299.72 2757204.73
Interest income 797873.41 420047.30
Add: other income 16224.48
Investment income (Loss is
listed with “-”)
4215152.38 6903486.76
Including: Investment income
on affiliated company and joint venture
1322651.43 4376871.70
The termination of income
recognition for financial assets measured
by amortized cost(Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
“-”)
5170090.55 18428518.65
Add: Non-operating income 219502.64 9117.56
Less: Non-operating expense 2000.73 833300.00
IV. Total profit (Loss is listed with “-”) 5387592.46 17604336.21
Less: Income tax expense 421125.67 676399.30
V. Net profit (Net loss is listed with “-”) 4966466.79 16927936.91
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”)
4966466.79 16927936.91
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
5209071.29 18017619.19
2.Minority shareholders’ gains and
losses
-242604.50 -1089682.28
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 4966466.79 16927936.91
Total comprehensive income
attributable to owners of parent Company
5209071.29 18017619.19
Total comprehensive income
attributable to minority shareholders
-242604.50 -1089682.28
VIII. Earnings per share:
(i) Basic earnings per share 0.0121 0.0606
(ii) Diluted earnings per share 0.0121 0.0606
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: Liu Yuhong
4. Profit Statement of Parent Company
In RMB
Item Current period Last period
I. Operating income 3257928.46 8555059.13
Less: Operating cost 1535130.66 904977.87
Taxes and surcharge 301556.50 353268.76
Sales expenses 401762.69
Administration expenses 4957051.60 4340757.76
R&D expenses
Financial expenses -348390.50 1472367.49
Including: interest
expenses
1703642.32
Interest income -351551.46 -233845.22
Add: other income
Investment income (Loss is
listed with “-”)
4389774.57 4342056.64
Including: Investment income
on affiliated Company and joint venture
3074426.93 3009212.79
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
“-”)
800592.08 5825743.89
Add: Non-operating income -18810.00 441.90
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) 781782.08 5826185.79
Less: Income tax 9735.55
IV. Net profit (Net loss is listed with
“-”)
781782.08 5816450.24
(i)continuous operating net profit (netloss listed with ‘-”)
781782.08 5816450.24
(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 781782.08 5816450.24
VII. Earnings per share:
(i) Basic earnings per share 0.0018 0.0196
(ii) Diluted earnings per share 0.0018 0.0196
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
93983432.07 108587946.31
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
5414499.19 25600115.48
Subtotal of cash inflow arising from
operating activities
99397931.26 134188061.79
Cash paid for purchasing
commodities and receiving labor
service
60805302.03 84612348.69
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 11628268.09 13976594.06
Taxes paid 8147976.74 4455784.64
Other cash paid concerning
operating activities
12308411.16 28156466.17
Subtotal of cash outflow arising from
operating activities
92889958.02 131201193.56
Net cash flows arising from operating
activities
6507973.24 2986868.23
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
616750000.00 385750000.00
Cash received from investment
income
3522897.50 2709631.66
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
620272897.50 388459631.66
Cash paid for purchasing fixed
intangible and other long-term assets
20096875.60 16588411.61
Cash paid for investment 556750000.00 427700000.00
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
576846875.60 444288411.61
Net cash flows arising from investing
activities
43426021.90 -55828779.95
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
20000000.00
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 58000000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
78000000.00
Cash paid for settling debts 87934887.55
Cash paid for dividend and profit
distributing or interest paying
2902751.27
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities
90837638.82
Net cash flows arising from financing
activities
-12837638.82
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
49933995.14 -65679550.54
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
450602252.95 77168570.15
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
575269.00 3079519.00
Write-back of tax received
Other cash received concerning
operating activities
14348329.71 292450.85
Subtotal of cash inflow arising from
operating activities
14923598.71 3371969.85
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 4574896.73 3994426.10
Taxes paid 1168324.25 597098.64
Other cash paid concerning
operating activities
2064143.81 7855272.11
Subtotal of cash outflow arising from
operating activities
7807364.79 12446796.85
Net cash flows arising from operating
activities
7116233.92 -9074827.00
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
247000000.00 211000000.00
Cash received from investment
income
1738115.07 1512350.70
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
248738115.07 212512350.70
Cash paid for purchasing fixed
intangible and other long-term assets
13494368.91 3396472.63
Cash paid for investment 207000000.00 223000000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities
220494368.91 226396472.63
Net cash flows arising from investing
activities
28243746.16 -13884121.93
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 43000000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
43000000.00
Cash paid for settling debts 42000000.00
Cash paid for dividend and profit
distributing or interest paying
1936452.73
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities
43936452.73
Net cash flows arising from financing
activities
-936452.73
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
35359980.08 -23895401.66
Add: Balance of cash and cash
equivalents at the period -begin
173702343.04 88836626.14
VI. Balance of cash and cash
equivalents at the period -end
209062323.12 64941224.48
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 since 2020
√ Applicable □Not applicable
Consolidate balance sheet
In RMB
Item 2019-12-31 2020-01-01 Adjustment amount
Current assets:
Monetary fund 428851606.04 428851606.04
Trading financial assets 60486575.34 60486575.34
Account receivable 112613224.27 112613224.27
Account paid in advance 12683603.89 12683603.89
Other account
receivable
44908546.40 44908546.40
Dividend
Receivable
39647732.42 39647732.42
Inventories 21389602.83 21389602.83
Other current assets 3403969.23 3403969.23
Total current assets 684337128.00 684337128.00
Non-current assets:
Long-term equity
investments
162178544.05 162178544.05
Other equity instruments
investments
10176617.20 10176617.20
Investment real estate 554599503.55 554599503.55
Fixed assets 107119796.59 107119796.59
Construction in progress 47654393.55 47654393.55
Intangible assets 50561225.67 50561225.67
Long-term deferred
expenses
13606805.49 13606805.49
Deferred income tax
assets
8658962.39 8658962.39
Other non-current assets 6889167.54 6889167.54
Total non-current assets 961445016.03 961445016.03
Total assets 1645782144.03 1645782144.03
Current liabilities
Account payable 69087430.42 69087430.42
Accounts received in
advance
27299822.71 27299822.71
Wage payable 31204794.89 31204794.89
Taxes payable 71425267.61 71425267.61
Other accounts payable 101266802.49 101266802.49
Total current liabilities 300284118.12 300284118.12
Non-current liabilities:
Long-term account
payable
3920160.36 3920160.36
Expected liabilities 2225468.76 2225468.76
Deferred income 139400.00 139400.00
Total non-current liabilities 6285029.12 6285029.12
Total liabilities 306569147.24 306569147.24
Owners’ equity:
Share capital 431058320.00 431058320.00
Capital public reserve 431449554.51 431449554.51
Other comprehensive
income
26422.00 26422.00
Surplus public reserve 21007488.73 21007488.73
Retained profit 387423510.78 387423510.78
Total owner’s equity
attributable to parent
company
1270965296.02 1270965296.02
Minority interests 68247700.77 68247700.77
Total owner’s equity 1339212996.79 1339212996.79
Total liabilities and owner’s
equity
1645782144.03 1645782144.03
Statement of adjustment
On 5 July 2017 the Ministry of Finance issued the Notice on Revision and Issuance (Cai Kuai [2017]No.22) (hereinafter referred to
as New Revenue Standard) and required the listed companies in China shall be implemented since 1 Jan. 2020.The Company has made disclosure of the accounting statements in accordance with the requirement of the New Revenue Standards
since 1 Jan. 2020 and there is no need to retroactively adjusted the numbers at the beginning of 2019 comparability. The change of
accounting policy will not affect the financial indicators of the Company for year of 2019.
Balance Sheet of Parent Company
In RMB
Item 2018-12-31 2019-1-1 Adjustment
Current assets:
Monetary fund 201885691.27 201885691.27
Trading financial assets 40324383.56 40324383.56
Account receivable 206710.76 206710.76
Account paid in advance 100000.00 100000.00
Other account
receivable
116037773.09 116037773.09
Dividend
Receivable
547184.35 547184.35
Other current assets 1419760.18 1419760.18
Total current assets 359974318.86 359974318.86
Non-current assets:
Long-term equity
investments
859355040.60 859355040.60
Other equity instruments
investments
10176617.20 10176617.20
Investment real estate 39616602.02 39616602.02
Fixed assets 14012830.64 14012830.64
Construction in progress 35321704.26 35321704.26
Intangible assets 48953266.56 48953266.56
Long-term deferred
expenses
2639122.63 2639122.63
Deferred income tax
assets
3557849.04 3557849.04
Other non-current assets 6789167.54 6789167.54
Total non-current assets 1020422200.49 1020422200.49
Total assets 1380396519.35 1380396519.35
Current liabilities
Account payable 14000.00 14000.00
Wage payable 8199278.01 8199278.01
Taxes payable 54684929.01 54684929.01
Other accounts payable 257260350.77 257260350.77
Total current liabilities 320158557.79 320158557.79
Non-current liabilities:
Total liabilities 320158557.79 320158557.79
Owners’ equity:
Share capital 431058320.00 431058320.00
Capital public reserve 428256131.23 428256131.23
Surplus public reserve 21007488.73 21007488.73
Retained profit 179916021.60 179916021.60
Total owner’s equity 1060237961.56 1060237961.56
Total liabilities and owner’s
equity
1380396519.35 1380396519.35
Statement of adjustment
On 5 July 2017 the Ministry of Finance issued the Notice on Revision and Issuance (Cai Kuai [2017]No.22) (hereinafter referred to
as New Revenue Standard) and required the listed companies in China shall be implemented since 1 Jan. 2020.The Company has made disclosure of the accounting statements in accordance with the requirement of the New Revenue Standards
since 1 Jan. 2020 and there is no need to retroactively adjusted the numbers at the beginning of 2019 comparability. The change of
accounting policy will not affect the financial indicators of the Company 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
On 5 July 2017 the Ministry of Finance issued the Notice on Revision and Issuance (Cai Kuai [2017]No.22) (hereinafter referred to
as New Revenue Standard) and required the listed companies in China shall be implemented since 1 Jan. 2020.The Company has made disclosure of the accounting statements in accordance with the requirement of the New Revenue Standards
since 1 Jan. 2020 and there is no need to retroactively adjusted the numbers in 2019 comparability. The change of accounting policy
will not affect the financial indicators of the Company for year of 2019.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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