特力B：2019年第一季度报告全文（英文版）

Shenzhen Tellus Holding Co. Ltd.First Quarterly Report 2019

April 2019

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) 119469426.49 92099937.58 29.72%

Net profit attributable to shareholders of

the listed company (RMB)

18017619.19 16101533.51 11.90%

Net profit attributable to shareholders of

the listed company after deducting

non-recurring gains and losses (RMB)

15885705.01 13473427.60 17.90%

Net cash flow arising from operating

activities (RMB)

2986868.23 -8305634.44

Basic earnings per share (RMB/Share) 0.0606 0.0542 11.81%

Diluted earnings per share (RMB/Share) 0.0606 0.0542 11.81%

Weighted average ROE 1.70% 1.66% 0.04%

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) 1654362251.54 1658295531.00 -0.24%

Net assets attributable to shareholder of

listed company (RMB)

1068227156.54 1050209537.35 1.72%

Items of non-recurring gains and losses

√ Applicable □ Not applicable

In RMB

Item

Amount from year-begin to

period-end

Note

Fund possession cost reckoned into current gains/losses charged

from non-financial business

18749.99

Gains/losses from entrust investment or assets management 2526615.06 Financial income

Other non-operating income and expenditure except for the

aforementioned items

-824182.44

Less: Impact on income tax 67187.71

Impact on minority shareholders? equity (post-tax) -477919.28

Total 2131914.18 --

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

53772

Total preference shareholders

with voting rights recovered at

end of reporting period (if

applicable)

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

corporation

49.09% 145925256 0 0

Shenzhen

Zhiyuan Fuhai

Jewelry Industry

Investment

Enterprises

(limited

partnership)

Domestic

non-state-owned

corporation

20.87% 62030104 0 0

GUOTAI

JUNAN

SECURITIES(H

ONGKONG)

LIMITED

Foreign

corporation

0.40% 1197304 0 0

Li Guangxin

Domestic nature

person

0.26% 761161 0 0

Agricultural Bank Other 0.24% 716341 0 0

of China—CSI

500 Exchange

Traded Funds

Ding Bingfang

Foreign nature

person

0.11% 321000 0 0

He Xing

Domestic nature

person

0.10% 306300 0 0

Xu Jie

Domestic nature

person

0.10% 290079 0 0

Zeng Huiming

Foreign nature

person

0.10% 289600 0 0

Huang Chuyun

Domestic nature

person

0.09% 266500 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. 145925256

RMB ordinary

145925256

Shenzhen Zhiyuan Fuhai Jewelry

Industry Investment Enterprises

(limited partnership)

62030104

RMB ordinary

62030104

GUOTAI JUNAN

SECURITIES(HONGKONG)

LIMITED

1197304

Domestically

listed foreign

1197304

Li Guangxin 761161

Domestically

listed foreign

761161

Agricultural Bank of China—CSI

500 Exchange Traded Funds

716341

RMB ordinary

716341

Ding Bingfang 321000

RMB ordinary

321000

He Xing 306300

Domestically

listed foreign

306300

Xu Jie 290079

RMB ordinary

290079

Zeng Huiming 289600

Domestically

listed foreign

289600

Huang Chuyun 266500

Domestically

listed foreign

266500

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)

N/A

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement

dealing in reporting period

□ Yes √ No

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 103832710.15 169512260.69 -65679550.54 -38.75%

Purchasing more financial products

and projects loans are returned by

Zhongtian Company

Accounts

receivable

97458548.16 86104660.51 11353887.65 13.19%

The credit payment for jewelry

wholesale from subsidiary Sichuan

Jewelry Company increased

Assets held for

sale

85017251.77 85017251.77

Long-term

equity

investment

229021637.91 224644766.21 4376871.70 1.95%

Investment real

estate

497507669.66 503922413.70 -6414744.04 -1.27%

Fix assets 110748337.80 112674017.53 -1925679.73 -1.71%

Construction in

process

18337636.71 12843571.97 5494064.74 42.78%

Initial investment of the phase II of

Shuibei Jewelry Building

Short-term loans 144000000.00 143000000.00 1000000.00 0.70%

Long-term loans 4000000.00 34934887.55 -30934887.55 -88.55%

Projects loans are returned by

Zhongtian Company

Advance

receivable

10153494.27 15897763.97 -5744269.70 -36.13%

The account received in advance for

car sales are carry-forward to revenue

by Huari Company

Other accounts

payable

252815597.31 250489094.47 2326502.84 0.93%

Profit statement

Item

Amount at this

year

At same period of

last year

Change amount Changes ratio Reasons of changes

Operating income 119469426.49 92099937.58 27369488.91 29.72%

The phase I of Shuibei Jewelry

Building was put into operation in

September 2018 and expansion of

the business scale from Sichuan

Jewelry Company

Financial

expenses

2411716.67 899268.60 1512448.07 168.19%

Interest expenditure goes up with the

bank loans increased on a y-o-y

basis; and after completion of phase I

of Shuibei Jewelry Building the

project transfer to fixed assets and

loan interest ceases capitalization

which made the financial expenses

increased

Investment

income

6903486.76 11627612.09 -4724125.33 -40.63%

The investment income from

joint-stock enterprise decreased

Income tax 676399.30 324626.80 351772.50 108.36%

Operation profit increased from

subordinated enterprise

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

-55828779.95 -4855305.59 -50973474.36

Cash flow expenditure increased due

to the increase of bank financial

products in the year

Net cash flow

arising from

financing

activity

-12837638.82 -4526673.83 -8310964.99 Repayment of loans in the period

Net increased

amount of cash

and cash

equivalent

-65679550.54 -17687613.86 -47991936.68

Net cash flow

arising from

operating

activities

2986868.23 -8305634.44 11292502.67

The phase I of Shuibei Jewelry

Building was put into operation in

September 2018 the cash in-flow

from operation increased

II. Analysis and explanation of significant events and their influence and solutions

√Applicable □Not applicable

Sales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co. Ltd.The 13th Extraordinary Meeting of 8th BOARD was held on 12 Dec. 2017 for deliberated and approved the proposal of Sales of 43

percent equity of Shenzhen Xinglong Machinery Mould Co. Ltd. that is agree to sold out 43 percent equity of Shenzhen Xinglong

Machinery Mould Co. Ltd in way of public listing with not less than the assets valuation value of 286017100 yuan. After sales the

Company holds zero equity of Shenzhen Xinglong Machinery Mould Co. Ltd. Relevant content found more in Notice on Sales of 43

percent equity of Shenzhen Xinglong Machinery Mould Co. Ltd. (Notice No.: 2017-095) released on Securities Times Hong Kong

Commercial Daily and Juchao website (http://www.cninfo.com.cn).

On 26 March 2018 the 43 percent equity of Shenzhen Xinglong Machinery Mould Co. Ltd was listed on Shenzhen United Property

Exchange for transfer. Till expiration of the listing according to trading result from Shenzhen United Property Exchange Shenzhen

Runhe United Investment Development Co. ltd.(hereinafter referred to as Runhe) comes to the final transferee of the asset transfer

with price of 286.67 million yuan deal. The deposit 30 million yuan has paid to Shenzhen United Property Exchange by Runhe. On

15 June 2018 the Company entered into a Contracts for the Transfer of State-owned Property Rights of Enterprise with Runhe

transfer 43 percent equity of Shenzhen Xinglong Machinery Mould Co. Ltd with 286.67 million yuan. Found more in the Notice on

Progress of sale of the 43 percent equity of Shenzhen Xinglong Machinery Mould Co. Ltd. (Notice No.: 2018-040) released on

Securities Times Hong Kong Commercial Daily and Juchao website (http://www.cninfo.com.cn).Up to the balance sheet date the above mentioned equity transfer not yet completed .Summary of important issues Date of disclosure

Website query index of interim report

disclosure

Sales of 43 percent equity of Shenzhen

Xinglong Machinery Mould Co. Ltd.

2017-12-13

Found more in Notice on Sales of 43

percent equity of Shenzhen Xinglong

Machinery Mould Co. Ltd. (Notice No.:

2017-095) released on Securities Times

Hong Kong Commercial Daily and Juchao

website (http://www.cninfo.com.cn)

2018-06-20

Found more in the Notice on Progress of

sale of the 43 percent equity of Shenzhen

Xinglong Machinery Mould Co. Ltd.(Notice No.: 2018-040) released on

Securities Times Hong Kong Commercial

Daily and Juchao website

(http://www.cninfo.com.cn)

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. Predict of the business performance from January to June 2019

Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be

loss or have great changes comparing with the same period of last year

□ Applicable √ Not applicable

V. Securities Investment

□ Applicable √ Not applicable

No security investment in Period.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

In 10 thousand yuan

Shareholder

or related

party

Occupancy

time

Causes

Opening

amount

Occupation

amount

increased in

the period

Total

repayment

amount in

the period

Ending

amount

Expected

mode of

repayment

Expected

repayment

amount

Expected

repayment

time

(Month)

Shenzhen

SDG Tellus

Property

Managemen

t Co.

Ltd.-the

controlling

subsidiary

of Shenzhen

SDG-contro

lling

shareholder

2017

Distribution

profit

23.27 0 0 23.27

Cash

settlement

23.27 June 2019

Total 23.27 0 0 23.27 -- 23.27 --

Proportion of the ending aggregate

value to assets of the latest period that

audited

0.02%

Decision-making procedure

After transfer Shenzhen SDG Tellus Property Management Co. Ltd in line with the related

transaction procedures the receivables from the company?s incomplete dividend

distribution

Cause of non-business funds

occupying by majority shareholders

that newly increased in the period and

their affiliated enterprises explanation

on accountability and measures to be

taken by the Board

N/A

Reasons for failure to pay off the

non-business funds occupied as

planned the accountability and

measures to be taken by the Board

N/A

Disclosure date of special audit

opinions on fund occupation from

CPA

2019-04-02

Disclosure index of special audit

opinions on fund occupation from

CPAThe “Special Audit Report on Non-business Fund Occupation of Shenzhen Tellus Holding

Co. Ltd. And Summary Sheet of Other Related Capital Transactions” released on Juchao

Website (http://www.cninfo.com.cn)

Section IV. Financial Statement

I. Financial statement

1. Consolidate balance sheet

Prepared by Shenzhen Tellus Holding Co. Ltd.

2019-03-31

In RMB

Items 2019-3-31 2018-12-31

Current assets:

Monetary fund 103832710.15 169512260.69

Settlement provisions

Capital lent

Transactional financial assets

Financial assets measured by fair

value and with variation reckoned into

current gains/losses

Derivative financial assets

Note receivable and account

receivable

97458548.16 86104660.51

Including: Notes receivable

Accounts receivable 97458548.16 86104660.51

Account paid in advance 18691895.55 9112473.27

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance

receivable

Other account receivable 15422292.01 14483208.41

Including: Interest receivable 543900.65 723407.50

Dividends receivable 232683.74 232683.74

Buying back the sale of financial

assets

Inventories 9791059.73 12342854.40

Contractual assets

Assets held for sale 85017251.77 85017251.77

Non-current assets maturing within

one year

Other current assets 373869475.34 332432494.44

Total current assets 704083232.71 709005203.49

Non-current assets:

Loans and payments on behalf

Debt investment

Available-for-sale financial assets 10176617.20 10176617.20

Other debt investment

Held-to-maturity investments

Long-term receivables

Long-term equity investments 229021637.91 224644766.21

Investment in other equity instrument

Other non-current financial assets

Investment real estate 497507669.66 503922413.70

Fixed assets 110748337.80 112674017.53

Construction in progress 18337636.71 12843571.97

Productive biological assets

Oil and natural gas assets

Right-of-use assets

Intangible assets 50699398.01 51012282.25

Research and development costs

Goodwill

Long-term deferred expenses 6085405.66 6304607.22

Deferred income tax assets 24345351.16 24355086.71

Other non-current assets 3356964.72 3356964.72

Total non-current assets 950279018.83 949290327.51

Total assets 1654362251.54 1658295531.00

Current liabilities

Short-term borrowings 144000000.00 143000000.00

Loan from central bank

Capital borrowed

Transactional financial liability

Financial liability measured by fair

value and with variation reckoned into

current gains/losses

Derivative financial liability

Notes payable & account payable 66001755.40 73365876.09

Accounts received in advance 10153494.27 15897763.97

Selling financial asset of repurchase

Absorbing deposit and interbank

deposits

Agent buying and selling securities

Acting underwriting securities

Wage payable 25554758.14 25802670.36

Taxes payable 9480864.52 9377393.57

Other accounts payable 252815597.31 250489094.47

Including: Interest payable 57405.37 290215.78

Dividend payable

Handling fees and commissions

payable

Reinsurance payable

Contractual liability

Liability held for sale

Non-current liabilities due within one

year

Other current liabilities

Total current liabilities 508006469.64 517932798.46

Non-current liabilities:

Insurance contract reserve

Long-term loans 4000000.00 34934887.55

Bonds payable

Including: preferred stock

Perpetual capital securities

Lease liability

Long-term account payable 3920160.36 3920160.36

Long term employee compensation

payable

Accrued liabilities 2225468.76 2225468.76

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 10145629.12 41080516.67

Total liabilities 518152098.76 559013315.13

Owners? equity:

Share capital 297281600.00 297281600.00

Other equity instrument

Including: preferred stock

Perpetual capital securities

Capital public reserve 565226274.51 565226274.51

Less: Inventory shares

Other comprehensive income 26422.00 26422.00

Special reserve

Surplus reserve 3139918.14 3139918.14

Provision of general risk

Retained profit 202552941.89 184535322.70

Total owner?s equity attributable to parent

Company

1068227156.54 1050209537.35

Minority interests 67982996.24 49072678.52

Total owner?s equity 1136210152.78 1099282215.87

Total liabilities and owner?s equity 1654362251.54 1658295531.00

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

Items 2019-3-31 2018-12-31

Current assets:

Monetary fund 64941224.48 88836626.14

Transactional financial assets

Financial assets measured by fair

value and with variation reckoned into

current gains/losses

Derivative financial assets

Note receivable and account

receivable

90034.00 38274.00

Including: Notes receivable

Accounts receivable 90034.00 38274.00

Account paid in advance 791200.00 604800.00

Other account receivable 128385333.91 115782944.37

Including: Interest receivable 543900.65 723407.50

Dividends receivable 232683.74 232683.74

Inventories

Contractual assets

Assets held for sale 85017251.77 85017251.77

Non-current assets maturing within

one year

Other current assets 207647509.82 195506958.35

Total current assets 486872553.98 485786854.63

Non-current assets:

Debt investment

Available-for-sale financial assets 10176617.20 10176617.20

Other debt investment

Held-to-maturity investments

Long-term receivables

Long-term equity investments 839292704.17 836283491.38

Investment in other equity instrument

Other non-current financial assets

Investment real estate 41795301.59 44820151.69

Fixed assets 14621989.93 14824845.14

Construction in progress 18327635.71 12843571.97

Productive biological assets

Oil and natural gas assets

Right-of-use assets

Intangible assets 241601.41 249731.94

Research and development costs

Goodwill

Long-term deferred expenses 2907156.40 2958817.65

Deferred income tax assets 13820634.09 13830369.64

Other non-current assets

Total non-current assets 941183640.50 935987596.61

Total assets 1428056194.48 1421774451.24

Current liabilities

Short-term borrowings 144000000.00 143000000.00

Transactional financial liability

Financial liability measured by fair

value and with variation reckoned into

current gains/losses

Derivative financial liability

Notes payable & account payable 14000.00 19800.00

Accounts received in advance 4742.51 4742.51

Contractual liability

Wage payable 5295524.72 4858788.51

Taxes payable 522753.58 331909.65

Other accounts payable 391402503.75 392558990.89

Including: Interest payable 232810.41

Dividend payable

Liability held for sale

Non-current liabilities due within one

year

Other current liabilities

Total current liabilities 541239524.56 540774231.56

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 541239524.56 540774231.56

Owners? equity:

Share capital 297281600.00 297281600.00

Other equity instrument

Including: preferred stock

Perpetual capital securities

Capital public reserve 562032851.23 562032851.23

Less: Inventory shares

Other comprehensive income

Special reserve

Surplus reserve 3139918.14 3139918.14

Retained profit 24362300.55 18545850.31

Total owner?s equity 886816669.92 881000219.68

Total liabilities and owner?s equity 1428056194.48 1421774451.24

3. Consolidated Profit Statement

In RMB

Items Current Period Last Period

I. Total operating income 119469426.49 92099937.58

Including: Operating income 119469426.49 92099937.58

Interest income

Insurance gained

Handling fees and commissions

income

II. Total operating cost 107944394.60 88166967.66

Including: Operating cost 91086090.40 73096147.54

Interest expense

Handling fees and commissions

expenses

Cash surrender value

Net amount of expense of

compensation

Net amount of withdrawal of

insurance contract reserve

Bonus expense of guarantee slip

Reinsurance expense

Taxes and surcharge 1484949.21 1407101.55

Sales expenses 4727001.63 4077650.70

Administration expenses 8234636.69 8686799.27

R&D expenses

Financial expenses 2411716.67 899268.60

Including: interest expenses 2757204.73 1458393.07

Interest income 420047.30 635258.41

Losses of devaluation of asset

Loss of credit impairment

Add: other income

Investment income (Loss is listed with

“-”)

6903486.76 11627612.09

Including: Investment income on

affiliated Company and joint venture

4376871.70 8598085.51

Exchange income (Loss is listed with

“-”)

Net exposure hedging income (Loss is

listed with “-”)

Changing income of fair value(Loss is

listed with “-”)

Income on disposal of assets (Loss is

listed with “-”)

III. Operating profit (Loss is listed with “-”) 18428518.65 15560582.01

Add: Non-operating income 9117.56 3224.73

Less: Non-operating expense 833300.00 48499.38

IV. Total Profit (Loss is listed with “-”) 17604336.21 15515307.36

Less: Income tax 676399.30 324626.80

V. Net profit (Net loss is listed with “-”) 16927936.91 15190680.56

(i) Classify by business continuity

.continuous operating net profit (net losslisted with ?-”)

16927936.91 15190680.56

2.termination of net profit (net loss listedwith ?-”)

(ii) Classify by ownership

1.Net profit attributable to owner?s of parent

company

18017619.19 16101533.51

2.Minority shareholders? gains and losses -1089682.28 -910852.95

VI. Net after-tax of other comprehensive income

Net after-tax of other comprehensive income

attributable to owners of parent company

(I) Other comprehensive income items

which will not be reclassified subsequently to

profit of loss

1.Changes of the defined benefit

plans that re-measured

2.Other comprehensive income

under equity method that cannot be transfer to

gain/loss

3.Change of fair value of investment

in other equity instrument

4.Fair value change of enterprise's

credit risk

5. Other

(II) Other comprehensive income items

which will be reclassified subsequently to profit

or loss

1.Other comprehensive income

under equity method that can transfer to gain/loss

2.Change of fair value of other debt

investment

3.gain/loss of fair value changes for

available-for-sale financial assets

4.Amount of financial assets

re-classify to other comprehensive income

5.Gain/loss of held-to-maturity

investments that re-classify to available-for-sale

financial asset

.Credit impairment provision for

other debt investment

7.Cash flow hedging reserve

8.Translation differences arising on

translation of foreign currency financial

statements

9.Other

Net after-tax of other comprehensive income

attributable to minority shareholders

VII. Total comprehensive income 16927936.91 15190680.56

Total comprehensive income attributable

to owners of parent Company

18017619.19 16101533.51

Total comprehensive income attributable to

minority shareholders

-1089682.28 -910852.95

VIII. Earnings per share:

(i) Basic earnings per share 0.0606 0.0542

(ii) Diluted earnings per share 0.0606 0.0542

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

Items Current Period Last Period

I. Operating income 8555059.13 8804007.79

Less: Operating cost 904977.87 947272.21

Taxes and surcharge 353268.76 354111.33

Sales expenses

Administration expenses 4340757.76 4023652.43

R&D expenses

Financial expenses 1472367.49 825550.55

Including: interest 1703642.32 1324833.32

expenses

Interest income 233845.22 504406.76

Losses of devaluation of asset

Loss of credit impairment

Add: other income

Investment income (Loss is

listed with “-”)

4342056.64 9749183.55

Including: Investment income

on affiliated Company and joint venture

3009212.79 8241498.62

Net exposure hedging income

(Loss is listed with “-”)

Changing income of fair

value(Loss is listed with “-”)

Income on disposal of assets

(Loss is listed with “-”)

II. Operating profit (Loss is listed with

“-”)

5825743.89 12402604.82

Add: Non-operating income 441.90 3085.00

Less: Non-operating expense

III. Total Profit (Loss is listed with “-”) 5826185.79 12405689.82

Less: Income tax 9735.55 9735.55

IV. Net profit (Net loss is listed with

“-”)

5816450.24 12395954.27

(i)continuous operating net profit(net loss listed with ?-”)

5816450.24 12395954.27

(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.gain/loss of fair value

changes for available-for-sale financial

assets

4.Amount of financial

assets re-classify to other

comprehensive income

5.Gain/loss of

held-to-maturity investments that

re-classify to available-for-sale financial

asset

6.Credit impairment

provision for other debt investment

7.Cash flow hedging

reserve

8.Translation differences

arising on translation of foreign

currency financial statements

9.Other

VI. Total comprehensive income 5816450.24 12395954.27

VII. Earnings per share:

(i) Basic earnings per share 0.0196 0.0417

(ii) Diluted earnings per share 0.0196 0.0417

5. Consolidated Cash Flow Statement

In RMB

Items Current Period Last Period

I. Cash flows arising from operating

activities:

Cash received from selling

commodities and providing labor

services

108587946.31 84345978.53

Net increase of customer deposit

and interbank deposit

Net increase of loan from central

bank

Net increase of capital borrowed

from other financial institution

Cash received from original

insurance contract fee

Net cash received from

reinsurance business

Net increase of insured savings

and investment

Net increase of amount from

disposal financial assets that measured

by fair value and with variation

reckoned into current gains/losses

Cash received from interest

commission charge and commission

Net increase of capital borrowed

Net increase of returned business

capital

Net cash received by agents in

sale and purchase of securities

Write-back of tax received

Other cash received concerning

operating activities

25600115.48 4296513.52

Subtotal of cash inflow arising from

operating activities

134188061.79 88642492.05

Cash paid for purchasing

commodities and receiving labor

service

84612348.69 69547948.92

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 financial assets

held for transaction purposes

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 13976594.06 13117446.20

Taxes paid 4455784.64 5538927.09

Other cash paid concerning

operating activities

28156466.17 8743804.28

Subtotal of cash outflow arising from

operating activities

131201193.56 96948126.49

Net cash flows arising from operating

activities

2986868.23 -8305634.44

II. Cash flows arising from investing

activities:

Cash received from recovering

investment

385750000.00 195400000.00

Cash received from investment

income

2709631.66 2100322.43

Net cash received from disposal of

fixed intangible and other long-term

assets

Net cash received from disposal of

subsidiaries and other units

1504125.26

Other cash received concerning

investing activities

Subtotal of cash inflow from investing

activities

388459631.66 199004447.69

Cash paid for purchasing fixed

intangible and other long-term assets

16588411.61 9559753.28

Cash paid for investment 427700000.00 194300000.00

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

444288411.61 203859753.28

Net cash flows arising from investing

activities

-55828779.95 -4855305.59

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 1200000.00

Cash received from issuing bonds

Other cash received concerning

financing activities

Subtotal of cash inflow from financing

activities

78000000.00 1200000.00

Cash paid for settling debts 87934887.55 3665112.45

Cash paid for dividend and profit

distributing or interest paying

2902751.27 2061561.38

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 5726673.83

Net cash flows arising from financing

activities

-12837638.82 -4526673.83

IV. Influence on cash and cash

equivalents due to fluctuation in

exchange rate

V. Net increase of cash and cash

equivalents

-65679550.54 -17687613.86

Add: Balance of cash and cash

equivalents at the period -begin

142848120.69 161793218.56

VI. Balance of cash and cash

equivalents at the period -end

77168570.15 144105604.70

6. Cash Flow Statement of Parent Company

In RMB

Items Current Period Last Period

I. Cash flows arising from operating

activities:

Cash received from selling

commodities and providing labor

services

3079519.00 10410481.00

Write-back of tax received

Other cash received concerning

operating activities

292450.85 1390790.70

Subtotal of cash inflow arising from

operating activities

3371969.85 11801271.70

Cash paid for purchasing

commodities and receiving labor

service

Cash paid to/for staff and workers 3994426.10 4087113.14

Taxes paid 597098.64 636407.02

Other cash paid concerning

operating activities

7855272.11 7129970.63

Subtotal of cash outflow arising from

operating activities

12446796.85 11853490.79

Net cash flows arising from operating

activities

-9074827.00 -52219.09

II. Cash flows arising from investing

activities:

Cash received from recovering

investment

211000000.00 174000000.00

Cash received from investment

income

1512350.70 1886129.56

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

212512350.70 175886129.56

Cash paid for purchasing fixed

intangible and other long-term assets

3396472.63 1378282.33

Cash paid for investment 223000000.00 189974000.00

Net cash received from

subsidiaries and other units obtained

Other cash paid concerning

investing activities

Subtotal of cash outflow from investing

activities

226396472.63 191352282.33

Net cash flows arising from investing

activities

-13884121.93 -15466152.77

III. Cash flows arising from financing

activities

Cash received from absorbing

investment

Cash received from loans 43000000.00

Cash received from issuing bonds

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 1490437.48

Other cash paid concerning

financing activities

Subtotal of cash outflow from

financing activities

43936452.73 1490437.48

Net cash flows arising from financing

activities

-936452.73 -1490437.48

IV. Influence on cash and cash

equivalents due to fluctuation in

exchange rate

V. Net increase of cash and cash -23895401.66 -17008809.34

equivalents

Add: Balance of cash and cash

equivalents at the period -begin

62172486.14 97991738.05

VI. Balance of cash and cash

equivalents at the period -end

38277084.48 80982928.71

II. Explanation on financial statement adjustment

1. Financial statement adjustment at the beginning of the first year when implementation of new financial

instrument rules new revenue rules and new leasing rules

√ Applicable □Not applicable

Consolidate balance sheet

In RMB

Items 2018-12-31 2019-1-1 Adjustment

Current assets:

Monetary fund 169512260.69 169512260.69

Note receivable and

account receivable

86104660.51 86104660.51

Accounts

receivable

86104660.51 86104660.51

Account paid in advance 9112473.27 9112473.27

Other account

receivable

14483208.41 14483208.41

Including: Interest

receivable

723407.50 723407.50

Dividend

Receivable

232683.74 232683.74

Inventories 12342854.40 12342854.40

Assets held for sale 85017251.77 85017251.77

Other current assets 332432494.44 332432494.44

Total current assets 709005203.49 709005203.49

Non-current assets:

Available-for-sale

financial assets

10176617.20 Not applicable -10176617.20

Long-term equity

investments

224644766.21 224644766.21

Other equity instruments Not applicable 10176617.20 10176617.20

investments

Investment real estate 503922413.70 503922413.70

Fixed assets 112674017.53 112674017.53

Construction in progress 12843571.97 12843571.97

Intangible assets 51012282.25 51012282.25

Long-term deferred

expenses

6304607.22 6304607.22

Deferred income tax

assets

24355086.71 24355086.71

Other non-current assets 3356964.72 3356964.72

Total non-current assets 949290327.51 949290327.51

Total assets 1658295531.00 1658295531.00

Current liabilities

Short-term borrowings 143000000.00 143000000.00

Notes payable &

account payable

73365876.09 73365876.09

Accounts received in

advance

15897763.97 15897763.97

Wage payable 25802670.36 25802670.36

Taxes payable 9377393.57 9377393.57

Other accounts payable 250489094.47 250489094.47

Including: Interest

payable

290215.78 290215.78

Total current liabilities 517932798.46 517932798.46

Non-current liabilities:

Long-term loans 34934887.55 34934887.55

Long-term account

payable

3920160.36 3920160.36

Expected liabilities 2225468.76 2225468.76

Total non-current liabilities 41080516.67 41080516.67

Total liabilities 559013315.13 559013315.13

Owners? equity:

Share capital 297281600.00 297281600.00

Capital public reserve 565226274.51 565226274.51

Other comprehensive

income

26422.00 26422.00

Surplus public reserve 3139918.14 3139918.14

Retained profit 184535322.70 184535322.70

Total owner?s equity

attributable to parent

company

1050209537.35 1050209537.35

Minority interests 49072678.52 49072678.52

Total owner?s equity 1099282215.87 1099282215.87

Total liabilities and owner?s

equity

1658295531.00 1658295531.00

Statement of adjustment

On 31 March 2017 Ministry of Finance revised the “Accounting Standards for Business Enterprise No.22-Recognition andMeasurement of Financial Instruments” “Accounting Standards for Business Enterprise No.23-Transfer of Financial Assets”

“Accounting Standards for Business Enterprise No.24-Hedge Accounting” and “Accounting Standards for Business Enterprise

No.37-Presentation of Financial Instruments” and requires the listed companies listed separately in China to implemented the above

mentioned Standards since 1 Jan. 2019.

According to the regulation of new financial standards the “Financial assets available for sale” will re-classify to “Financial assetsmeasured by fair value and with its variation reckoned into other comprehensive income” and adjusted the “Financial assetsavailable for sale” carried in balance sheet of beginning of 2019 pursuit to the presentation requirement.

Balance Sheet of Parent Company

In RMB

Item 2018-12-31 2019-1-1 Adjustment

Current assets:

Monetary fund 88836626.14 88836626.14

Note receivable and

account receivable

38274.00 38274.00

Accounts

receivable

38274.00 38274.00

Account paid in advance 604800.00 604800.00

Other account

receivable

115782944.37 115782944.37

Including: Interest

receivable

723407.50 723407.50

Dividend

Receivable

232683.74 232683.74

Assets held for sale 85017251.77 85017251.77

Other current assets 195506958.35 195506958.35

Total current assets 485786854.63 485786854.63

Non-current assets:

Available-for-sale 10176617.20 Not applicable -10176617.20

financial assets

Long-term equity

investments

836283491.38 836283491.38

Other equity instruments

investments

Not applicable 10176617.20 10176617.20

Investment real estate 44820151.69 44820151.69

Fixed assets 14824845.14 14824845.14

Construction in progress 12843571.97 12843571.97

Intangible assets 249731.94 249731.94

Long-term deferred

expenses

2958817.65 2958817.65

Deferred income tax

assets

13830369.64 13830369.64

Total non-current assets 935987596.61 935987596.61

Total assets 1421774451.24 1421774451.24

Current liabilities

Short-term borrowings 143000000.00 143000000.00

Notes payable &

account payable

19800.00 19800.00

Accounts received in

advance

4742.51 4742.51

Wage payable 4858788.51 4858788.51

Taxes payable 331909.65 331909.65

Other accounts payable 392558990.89 392558990.89

Including: Interest

payable

232810.41 232810.41

Total current liabilities 540774231.56 540774231.56

Non-current liabilities:

Total liabilities 540774231.56 540774231.56

Owners? equity:

Share capital 297281600.00 297281600.00

Capital public reserve 562032851.23 562032851.23

Surplus reserve 3139918.14 3139918.14

Retained profit 18545850.31 18545850.31

Total owner?s equity 881000219.68 881000219.68

Total liabilities and owner?s 1421774451.24 1421774451.24

equity

Statement of adjustment

“Accounting Standards for Business Enterprise No.24-Hedge Accounting” and “Accounting Standards for Business Enterprise

No.37-Presentation of Financial Instruments” and requires the listed companies listed separately in China to implemented the above

mentioned Standards since 1 Jan. 2019.

2. Retrospective adjustment of the comparative data for initial implementation of new financial instrument

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