深圳南山热电股份有限公司
Shenzhen Nanshan Power Co. Ltd.The Third Quarterly Report for 2020
October 2020
2
Section I. Important Note
Board of Directors Supervisory Committee all directors supervisors and senior
executives of Shenzhen Nanshan Power Co. Ltd. (hereinafter referred to as the
Company) hereby confirm that there are no any fictitious statements misleading
statements or important omissions carried in this report and shall take all
responsibilities individual and/or joint for the reality accuracy and completion
of the whole contents.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Chairman Li Xinwei person in charge of the Company Director GM Chen
Yuhui person in charge of accounting works and CFO Dai Xiji as well as
Deputy Manager Shang Ying (act for the financial management dept.) person in
charge of accounting organ (accounting officer) hereby confirm that the
Financial Report of this Quarterly Report is authentic accurate and complete.
Concerning the forward-looking statements with future planning involved in the
Semi-Report they do not constitute a substantial commitment for investors.Investors are advised to exercise caution of investment risks.The Company has no plans of cash dividend distributed no bonus shares and
has no share converted from capital reserve either.The report has been prepared in both Chinese and English for any
discrepancies the Chinese version shall prevail. Please read the full report
seriously.Interpretation
Items Refers to Definition
Company the Company Shen Nan Dian listed
Company
Refers to Shenzhen Nanshan Power Co. Ltd.
RMB: Yuan ten thousand Yuan 100 million
Yuan
Refers to
Except the special description of the monetary unit the rest of the
monetary unit is RMB Yuan ten thousand Yuan
Dongguan Company Refers to
Former Shen Nan Dian (Dongguan) Weimei Electric Power Co. Ltd
and changed the name as Dongguan ShenRan Natural Gas Thermal
Power Co. Ltd on 18 August 2020.Nanshan Power Factory Refers to Nanshan Power Factory of Shenzhen Nanshan Power Co. Ltd.The reporting period Refers to Jul. 1 2020 to Sept. 30 2020
Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period-end Period-end of last year Increase/decrease
Total assets (RMB) 3141767739.55 3219261720.55 -2.41%
Net assets attributable to
shareholders of listed company
(RMB)
2118847958.39 2002772808.24 5.80%
Current period
Increase/decrease in
comparison with same
period of last year
From year-begin to
end of the Period
Increase/decrease in
comparison with
year-begin to
Period-end of last year
Operating revenue (RMB) 286084887.31 -30.05% 804235493.52 -1.57%
Net profit attributable to
shareholders of the listed company
(RMB)
76089903.65 125.07% 128130402.07 1403.26%
Net profit attributable to
shareholders of the listed company
after deducting non-recurring gains
and losses (RMB)
69619698.52 116.47% 79769428.94 1867.30%
Net cash flow arising from
operating activities (RMB)
140653281.35 414.37% 210589842.81 152.02%
Basic earnings per share
(RMB/Share)
0.13 116.67% 0.21 2000.00%
Diluted earnings per share
(RMB/Share)
0.13 116.67% 0.21 2000.00%
Weighted average ROE 3.66% 112.79% 6.20% 1341.86%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Item
Amount from year-begin to
end of the Period
Note
Gains/losses from the disposal of non-current asset (including
the write-off that accrued for impairment of assets)
32449141.64
The investment income
received from selling the 70%
equity of Shen Nan Dian
(Dongguan) Weimei Electric
Power Co. Ltd
Tax refund or mitigate due to examination-and-approval
beyond power or without official approval document
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)
11268636.75
Received the return of
unemployment insurance
expenses and amortized the
government subsidy related to
assets
Income of custody fee from entrusted operation
Other non-operating income and expenditure except for the
aforementioned items
4835616.11
The account payable no need to
paid are transfer to
non-operating income
Other extraordinary profit (gains)/losses that meets the
definition of extraordinary profit(gains)/losses
Less: impact on income tax
102052.65
Impact on minority shareholders’ equity (post-tax)
90368.72
Total
48360973.13
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss explain reasons
□ Applicable √ Not applicable
In reporting period the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss.II. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total common shareholders at the
end of report period
26195
Total preferred stockholders
with voting rights recover at
the end of report period (if
applicable)
0
Top ten share-holding
Shareholders
Nature of
shareholder
Proportion of
shares held
Amount of shares
held
Amount of
restricted shares
held
Number of share pledged/frozen
State of share Amount
HONG KONG
NAM HOI
(INTERNATION
AL) LTD.
Foreign corporate 15.28% 92123248
Shenzhen
Guangju
Industrial Co.Ltd.State-owned
corporate
12.22% 73666824
SHENZHEN
ENERGY
(GROUP) CO.
LTD.
State-owned
corporate
10.80% 65106130
BOCI
SECURITIES
LIMITED
Foreign corporate 2.47% 14914327
Gaohua－HSBC
－GOLDMAN
SACHS &
CO.LLC
Foreign corporate 2.13% 12839723
Liu Fang
Domestic nature
person
1.70% 10268834
CMS (HK)
State-owned
corporate
1.29% 7755928
Zeng Ying
Domestic nature
person
1.21% 7309600
LI SHERYN
ZHAN MING
Overseas nature
person
0.97% 5825490
Mei Yi
Investment
Property Co. Ltd.
Domestic
non-state-owned
corporate
0.87% 5216700
Particular about top ten shareholders with un-restrict shares held
Shareholders’ name
Amount of unrestricted shares held at reporting
period-end
Type of shares
Type Amount
HONG KONG NAM HOI
(INTERNATIONAL) LTD.
92123248
Domestically
listed foreign
shares
92123248
Shenzhen Guangju Industrial Co.Ltd.
73666824
RMB ordinary
shares
73666824
SHENZHEN ENERGY (GROUP)
CO. LTD.
65106130
RMB ordinary
shares
65106130
BOCI SECURITIES LIMITED 14914327
Domestically
listed foreign
shares
14914327
Gaohua－HSBC－GOLDMAN
SACHS & CO.LLC
12839723
RMB ordinary
shares
12839723
Liu Fang 10268834
RMB ordinary
shares
7208034
Domestically
listed foreign
shares
3060800
CMS (HK) 7755928
Domestically
listed foreign
shares
7755928
Zeng Ying 7309600
Domestically
listed foreign
shares
7309600
LI SHERYN ZHAN MING 5825490
Domestically
listed foreign
shares
5825490
Mei Yi Investment Property Co.Ltd.
5216700
RMB ordinary
shares
5216700
Explanation on associated
relationship among the top ten
shareholders or consistent action
1. Shenzhen Energy (Group) Co. Ltd. holds 100% equities of HONG KONG NAM HOI
(INTERNATIONAL) LTD indirectly.
2. Among other social public shareholders the Company did not know whether there were
associated relationships or belonging to consistent actors.
Explanation on top ten common
shareholders involving margin
business (if applicable)
Among the top ten shareholders Ms. Liu Fang holds 4 031688 shares through credit
transaction guarantee securities account
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□Yes √No
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing in
reporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
1. The closing balance of prepaid accounts was 19086200 yuan a decrease of 72.74% from the beginning of the year mainly due to
the decrease in advance payment for natural gas;
2. The closing balance of other current assets was 836724400 yuan an increase of 87.93% over the beginning of the year mainly
due to the increase in the purchase of financial products;
3. The closing balance of fixed assets was 943455500 yuan a decrease of 31.72% from the beginning of the year mainly because
the company sold its 70% equity in Shennandian Dongguan Company and Shennandian Dongguan Company was no longer
included in the scope of consolidation at the end of the reporting period;
4. The closing balance of intangible assets was 21129900 yuan a decrease of 51.54% from the beginning of the year mainly
because the company sold its 70% equity in Shennandian Dongguan Company and Shennandian Dongguan Company was no longer
included in the scope of consolidation at the end of the reporting period;
5. The closing balance of other non-current assets was 0 yuan a decrease of 100% from the beginning of the year mainly because the
company sold its 70% equity in Shennandian Dongguan Company and Shennandian Dongguan Company was no longer included in
the scope of consolidation at the end of the reporting period;
6. The closing balance of accounts payable was 12129300 yuan a decrease of 38.96% from the beginning of the year mainly due to
the decrease in payables of natural gas;
7. The closing balance of taxes and fees payable was 9519400 yuan a decrease of 56.27% from the beginning of the year mainly
because the company sold its 70% equity in Shennandian Dongguan Company and Shennandian Dongguan Company was no longer
included in the scope of consolidation at the end of the reporting period;
8. The closing balance of other payables was 27160300 yuan a decrease of 37.84% from the beginning of the year mainly because
the company sold its 70% equity in Shennandian Dongguan Company and Shennandian Dongguan Company was no longer
included in the scope of consolidation at the end of the reporting period;
9. Taxes and surcharges from the beginning of the year to the end of the reporting period amounted to 6235100 yuan a year-on-year
increase of 35.47% mainly due to the increase in value-added tax surcharges;
10. Financial expenses from the beginning of the year to the end of the reporting period was 5813300 yuan a year-on-year decrease
of 65.75% mainly due to the decrease in average financing interest rates;
11. Investment income from the beginning of the year to the end of the reporting period was 32667900 yuan a year-on-year
increase of 4554.53% mainly because the company sold its 70% equity in Shennandian Dongguan Company in the current period
and obtained investment income of 33534900 yuan;
12. Income from asset disposal from the beginning of the year to the end of the reporting period was -1085700 yuan and the income
decreased by 170.09% on a year-on-year basis mainly due to the increase in the loss of non-current asset disposal;
13. Non-operating income from the beginning of the year to the end of the reporting period was 4880600 yuan a year-on-year
increase of 3256.85% mainly due to the increase in payables not required to be paid into non-operating income during the current
period;
14. Net cash flow from operating activities from the beginning of the year to the end of the reporting period was 210589800 yuan
and the net inflow increased by 152.02% on a year-on-year basis mainly due to the decrease in natural gas purchase expenditure;
15. Net cash flow from investment activities from the beginning of the year to the end of the reporting period was -388327700 yuan
and the net outflow increased by 707.51% on a year-on-year basis mainly due to the increase in the purchase of financial products
during the current period;
16. Net cash flow from financing activities from the beginning of the year to the end of the reporting period was 295462900 yuan
and the net inflow increased by 2344.99% on a year-on-year basis mainly due to the increase in borrowings.II. Progress and influence of the main events as well as solution analysis specification
√ Applicable □ Not applicable
1. Matters related to the adjustment of on-grid tariffs for natural gas power generation. On July 31 2020 the Guangdong Provincial
Development and Reform Commission issued the "Notice on Adjusting the On-grid Tariffs for Natural Gas Power Generation in Our
Province" (YFGJG [2020] No. 284 hereinafter referred to as the "Notice") and decided to further adjust the on-grid tariffs for
natural gas power generation in Guangdong Province. According to the spirit of the "Notice" starting from August 1 2020 the
on-grid price of the company's existing natural gas generator sets shall be adjusted from 0.665 yuan/kWh to 0.63 yuan/kWh (annual
utilization hours within 4000 hours (inclusive) ) and to 0.463 yuan/kwh (annual utilization hours more than 4000 hours). The on-grid
tariffs of the company’s contract electricity in 2020 will not be adjusted within this year (for details please refer to the
Announcement on the Adjustment of On-grid Tariffs for Natural Gas Power Generation disclosed by the company at China
Securities Journal Securities Times Hong Kong Commercial Daily and www.cninfo.com.cn announcement number: 2020-037).
2. T102-0011 T102-0155 land related matters. On September 24 2020 the company learned of the Notice of Shenzhen Municipal
Bureau of Planning and Natural Resources on Printing and Distributing the "2020 Urban Renewal and Land Preparation Plan of
Shenzhen City" from the online website of the Shenzhen government. (Hereinafter referred to as the "Land Preparation Plan").
According to the relevant content of the "Land Preparation Plan" and its attached tables the 2020 land preparation project of Qianhai
Cooperation Zone still includes the land acquisition and storage of the company-affiliated Nanshan Thermal Power Plant. The
company will follow up with legal counsel to understand the relevant situation and do its best to protect the legal rights and interests
of the listed company and all shareholders (for details please refer to the Announcement on Learning that the Shenzhen Municipal
Bureau of Planning and Natural Resources Has Issued the "2020 Urban Renewal and Land Preparation Plan of Shenzhen City"
disclosed by the company at China Securities Journal Securities Times Hong Kong Commercial Daily and www.cninfo.com.cn
announcement number: 2020-042).
3. Matters related to investment in the Zhongshan Prefabricated Building Industrial Park Project. On September 28 2020 the
company held the 13th interim meeting of the eighth board of directors by means of communication voting which deliberated and
approved the "Proposal on Investment in the Zhongshan Prefabricated Building Industrial Park Project" and the company was agreed
to use its own funds of 2929 0000 yuan to invest in the Zhongshan Prefabricated Building Industrial Park Project (for details please
refer to the Announcement on Investment in the Zhongshan Prefabricated Building Industrial Park Project disclosed by the company
at China Securities Journal Securities Times Hong Kong Commercial Daily and www.cninfo.com.cn announcement number:
2020-044).
In addition to the above the Xinjiang aid project of Guangdong Province in which the company participated in 2013 the collection
of refund of the "Project Technological Transformation Benefit Fund" and investment in Yuanzhi Ruixin New Generation
Information Technology Equity Investment Fund had no progress or change in the current period.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 that the actual controller shareholder related parties offeror and the
company have fulfilled during the reporting period and have not yet fulfilled by the end of
reporting period
□ Applicable √ Not applicable
There are no commitments that the actual controller shareholder related parties offeror and the company have fulfilled during the
reporting period and have not yet fulfilled by the end of reporting period.IV. Financial assets investment
1. Security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
2. Derivative investment
□ Applicable √ Not applicable
The Company had no derivative investment in Period.V. Progress of investment project with fund-raising
□ Applicable √ Not applicable
VI. Prediction of 2020 business performance
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
√ Applicable □ Not applicable
In 10 thousand Yuan
Type Capital source Amount occurred Balance unexpired Amount overdue
uncollected
Bank financial products Own fund 141540.00 49800.00 0.00
Total 141540.00 49800.00 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. External guarantee against the rules
□ Applicable √ Not applicable
The Company has no external guarantee against the rules in the Period.
X. 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.XI. Registration form of receiving research communication and interview in the report
period
√ Applicable □Not applicable
Time Place Way Type Objects
Contents discussed
and material
provided
Index
July – Sept.
2020
The company Field research Personal
17 person
times
Inquiry of register
of shareholders
Register of
shareholders
July – Sept.
2020
Interactive
platform of
SZSE
Written inquiry Personal
20 person
times
Query number of
the shareholders
progress of the
investment projects
and relevant items
of Nanshan Power
Plant with land
concerned
Reply in written
July – Sept.
2020
The company
Telephone
communication
Personal
More than 10
person times
Going concern of
the Company and
relevant items of
Reply in line with the
laws and regulations
Nanshan Power
Plant with land
concerned
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Shenzhen Nanshan Power Co. Ltd.September 30 2020
In RMB
Item September 30 2020 December 31 2019
Current assets:
Monetary funds 889075577.16 773209854.84
Settlement provisions
Capital lent
Tradable financial assets
Derivative financial assets
Note receivable 1000000.00
Account receivable 144098307.87 178150580.32
Receivable financing
Accounts paid in advance 19086157.09 70005681.50
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 35020697.74 32321826.94
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 108766381.19 124686443.61
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 836724400.19 445236731.33
Total current assets 2033771521.24 1623611118.54
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 13752217.16 14619203.03
Investment in other equity
instrument
60615000.00 60615000.00
Other non-current financial assets
Investment real estate 2254223.80 2401327.00
Fixed assets 943455509.83 1381675872.68
Construction in progress 63487052.76 66474630.23
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 21129927.87 43602166.44
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
1096237.20 1174171.16
Deferred income tax asset 2206049.69 2206049.69
Other non-current asset 22882181.78
Total non-current asset 1107996218.31 1595650602.01
Total assets 3141767739.55 3219261720.55
Current liabilities:
Short-term loans 744361492.53 881075378.48
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable 30467345.48
Account payable 12129258.03 19871102.41
Accounts received in advance
Contractual liability
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 41161863.55 55208432.53
Taxes payable 9519423.41 21769273.77
Other account payable 27160303.22 43691472.06
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 864799686.22 1021615659.25
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability 26646056.28 26646056.28
Deferred income 95365510.87 108507683.52
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 122011567.15 135153739.80
Total liabilities 986811253.37 1156769399.05
Owner’s equity:
Share capital 602762596.00 602762596.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 362770922.10 362770922.10
Less: Inventory shares
Other comprehensive income -2500000.00 -2500000.00
Reasonable reserve
Surplus public reserve 332908397.60 332908397.60
Provision of general risk
Retained profit 822906042.69 706830892.54
Total owner’ s equity attributable to
parent company
2118847958.39 2002772808.24
Minority interests 36108527.79 59719513.26
Total owner’ s equity 2154956486.18 2062492321.50
Total liabilities and owner’ s equity 3141767739.55 3219261720.55
Legal Representative: Li Xinwei
General Manager: Chen Yuhui
CFO: Dai Xiji
Person in charge of financial dept.: Shang Ying
Tabulator: Liu Yan
2. Balance Sheet of Parent Company
In RMB
Item September 30 2020 December 31 2019
Current assets:
Monetary funds 769363144.51 632948706.11
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 76275339.53 31824693.69
Receivable financing
Accounts paid in advance 11987849.12 46152700.57
Other account receivable 620573184.42 873861071.55
Including: Interest receivable
Dividend receivable
Inventories 98171690.44 101728367.43
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 830111310.21 438613774.49
Total current assets 2406482518.23 2125129313.84
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 60615000.00 303341165.00
Investment in other equity
instrument
228918765.00 60615000.00
Other non-current financial assets
Investment real estate
Fixed assets 310292880.90 321395526.04
Construction in progress 2715699.46 1949450.23
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 180901.66 404104.06
Research and development costs
Goodwill
Long-term deferred expenses 780553.86 790841.39
Deferred income tax assets
Other non-current assets
Total non-current assets 603503800.88 688496086.72
Total assets 3009986319.11 2813625400.56
Current liabilities
Short-term borrowings 744361492.53 580640114.59
Trading financial liability
Derivative financial liability
Notes payable 30467345.48
Account payable 1299634.50 864016.74
Accounts received in advance
Contractual liability
Wage payable 25677511.20 33840544.53
Taxes payable 1501673.09 718630.17
Other accounts payable 200612057.86 203332331.14
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 1003919714.66 819395637.17
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 55669419.74 58261356.20
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 55669419.74 58261356.20
Total liabilities 1059589134.40 877656993.37
Owners’ equity:
Share capital 602762596.00 602762596.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 289963039.70 289963039.70
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 332908397.60 332908397.60
Retained profit 724763151.41 710334373.89
Total owner’s equity 1950397184.71 1935968407.19
Total liabilities and owner’s equity 3009986319.11 2813625400.56
3. Consolidated Profit Statement (the period)
In RMB
Item Current period Last period
I. Total operating income 286084887.31 408965405.06
Including: Operating income 286084887.31 408965405.06
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 208493453.86 374801431.84
Including: Operating cost 180152585.64 338315943.94
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 1816035.30 1777111.69
Sales expense 1484424.68 1928107.58
Administrative expense 24291804.01 26445470.32
R&D expense
Financial expense 748604.23 6334798.31
Including: Interest
expenses
6524737.81 12509328.65
Interest income -337274.18 -6033355.10
Add: other income 3796670.90 2613742.57
Investment income (Loss is
listed with “-”)
-623363.44 -55811.88
Including: Investment income
on affiliated company and joint venture
-623363.44 -55811.88
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 “-”)
-1914275.57 15929.20
III. Operating profit (Loss is listed with
“-”)
78850465.34 36737833.11
Add: Non-operating income 4875852.27 42225.95
Less: Non-operating expense 33880.00
IV. Total profit (Loss is listed with “-”) 83692437.61 36780059.06
Less: Income tax expense 805356.55 532314.75
V. Net profit (Net loss is listed with “-”) 82887081.06 36247744.31
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”)
82887081.06 36247744.31
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
76089903.65 33806673.10
2.Minority shareholders’ gains and
losses
6797177.41 2441071.21
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 82887081.06 36247744.31
Total comprehensive income
attributable to owners of parent Company
76089903.65 33806673.10
Total comprehensive income
attributable to minority shareholders
6797177.41 2441071.21
VIII. Earnings per share:
(i) Basic earnings per share 0.13 0.06
(ii) Diluted earnings per share 0.13 0.06
As for the enterprise combined under the same control net profit of 0 Yuan achieved by the merged party before combination while 0
Yuan achieved last period
Legal Representative: Li Xinwei
General Manager: Chen Yuhui
CFO: Dai Xiji
Person in charge of financial dept.: Shang Ying
Tabulator: Liu Yan
4. Profit Statement of Parent Company (the period)
In RMB
Item Current period Last period
I. Operating income 138216891.20 151202050.39
Less: Operating cost 104129927.17 134616600.81
Taxes and surcharge 127301.00 627926.08
Sales expenses
Administration expenses 11888726.10 13065142.90
R&D expenses
Financial expenses -5788324.64 -6523976.71
Including: interest
expenses
7853396.27 8966803.17
Interest income -13535561.48 -15618109.23
Add: other income 2819935.29 863978.82
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
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 “-”)
-1914275.57
II. Operating profit (Loss is listed with
“-”)
28764921.29 10280336.13
Add: Non-operating income 3470730.44 44075.95
Less: Non-operating expense 4180.00
III. Total Profit (Loss is listed with “-”) 32231471.73 10324412.08
Less: Income tax
IV. Net profit (Net loss is listed with
“-”)
32231471.73 10324412.08
(i)continuous operating net profit(net loss listed with ‘-”)
(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 32231471.73 10324412.08
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Total operating income 804235493.52 817090021.44
Including: Operating income 804235493.52 817090021.44
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 716650996.70 818761404.40
Including: Operating cost 633262021.78 721313081.63
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 6235143.99 4602545.12
Sales expense 4011828.34 4494377.10
Administrative expense 67328676.16 71377334.82
R&D expense
Financial expense 5813326.43 16974065.73
Including: Interest
expenses
24712496.94 36052299.86
Interest income -13479559.50 -19222960.77
Add: other income 12552207.45 7575898.03
Investment income (Loss is
listed with “-”)
32667895.68 -733364.25
Including: Investment income
on affiliated company and joint venture
-866985.87 -733364.25
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 “-”)
-1085739.91 -401997.12
III. Operating profit (Loss is listed with
“-”)
131718860.04 4769153.70
Add: Non-operating income 4880606.11 145392.45
Less: Non-operating expense 44990.00 46124.97
IV. Total profit (Loss is listed with “-”) 136554476.15 4868421.18
Less: Income tax expense 1415723.07 1690180.51
V. Net profit (Net loss is listed with “-”) 135138753.08 3178240.67
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”)
135138753.08 3178240.67
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
128130402.07 8523482.28
2.Minority shareholders’ gains and
losses
7008351.01 -5345241.61
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 135138753.08 3178240.67
Total comprehensive income
attributable to owners of parent Company
128130402.07 8523482.28
Total comprehensive income
attributable to minority shareholders
7008351.01 -5345241.61
VIII. Earnings per share:
(i) Basic earnings per share 0.21 0.01
(ii) Diluted earnings per share 0.21 0.01
As for the enterprise combined under the same control net profit of 0 Yuan achieved by the merged party before combination while 0
Yuan achieved last period
Legal Representative: Li Xinwei
General Manager: Chen Yuhui
CFO: Dai Xiji
Person in charge of financial dept.: Shang Ying
Tabulator: Liu Yan
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 283983906.54 316716101.62
Less: Operating cost 242066846.26 306944736.34
Taxes and surcharge 1170822.78 1714956.31
Sales expenses
Administration expenses 32462409.51 37738820.83
R&D expenses
Financial expenses -21371910.66 -20863483.89
Including: interest
expenses
21860975.57 30997787.27
Interest income -43275249.63 -52212343.82
Add: other income 8880990.26 2837015.37
Investment income (Loss is
listed with “-”)
-14432400.00
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
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 “-”)
-1085739.91 -231373.37
II. Operating profit (Loss is listed with
“-”)
23018589.00 -6213285.97
Add: Non-operating income 3470730.44 44075.95
Less: Non-operating expense 5290.00
III. Total Profit (Loss is listed with “-”) 26484029.44 -6169210.02
Less: Income tax -2246824.86
IV. Net profit (Net loss is listed with
“-”)
26484029.44 -3922385.16
(i)continuous operating net profit(net loss listed with ‘-”)
(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 26484029.44 -3922385.16
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
854583680.59 848802603.75
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 1493555.83 2265516.01
Other cash received concerning
operating activities
35406034.85 81128387.21
Subtotal of cash inflow arising from
operating activities
891483271.27 932196506.97
Cash paid for purchasing
commodities and receiving labor
service
494258924.26 672227412.68
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 104943904.31 109524288.48
Taxes paid 45311854.09 25755985.75
Other cash paid concerning
operating activities
36378745.80 41126489.63
Subtotal of cash outflow arising from
operating activities
680893428.46 848634176.54
Net cash flows arising from operating
activities
210589842.81 83562330.43
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
1608893.40
Net cash received from disposal of
fixed intangible and other long-term
assets
2007560.00
Net cash received from disposal of
subsidiaries and other units
32412836.98
Other cash received concerning
investing activities
1144800.00
Subtotal of cash inflow from investing
activities
35166530.38 2007560.00
Cash paid for purchasing fixed
intangible and other long-term assets
11852624.87 50097147.15
Cash paid for investment 411641588.68
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
423494213.55 50097147.15
Net cash flows arising from investing
activities
-388327683.17 -48089587.15
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 1148033285.00 1060000000.00
Other cash received concerning
financing activities
170000000.00 7303338.86
Subtotal of cash inflow from financing
activities
1318033285.00 1067303338.86
Cash paid for settling debts 986000000.00 1017000000.00
Cash paid for dividend and profit
distributing or interest paying
35682397.97 38218910.05
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
887962.40
Subtotal of cash outflow from financing
activities
1022570360.37 1055218910.05
Net cash flows arising from financing
activities
295462924.63 12084428.81
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
-139508.07 187479.31
V. Net increase of cash and cash
equivalents
117585576.20 47744651.40
Add: Balance of cash and cash
equivalents at the period -begin
771490000.96 914956611.70
VI. Balance of cash and cash
equivalents at the period -end
889075577.16 962701263.10
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
363758410.63 396723019.74
Write-back of tax received 312882.87 0.00
Other cash received concerning
operating activities
573108390.42 510530610.81
Subtotal of cash inflow arising from
operating activities
937179683.92 907253630.55
Cash paid for purchasing
commodities and receiving labor
service
182594001.67 339568822.95
Cash paid to/for staff and workers 68946420.81 67225683.91
Taxes paid 574512.76 10342321.56
Other cash paid concerning
operating activities
324754556.66 226274470.30
Subtotal of cash outflow arising from
operating activities
576869491.90 643411298.72
Net cash flows arising from operating
activities
360310192.02 263842331.83
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
1608893.40 0.00
Net cash received from disposal of
fixed intangible and other long-term
assets
0.00 1794800.00
Net cash received from disposal of
subsidiaries and other units
59990000.00 0.00
Other cash received concerning
investing activities
0.00 0.00
Subtotal of cash inflow from investing
activities
61598893.40 1794800.00
Cash paid for purchasing fixed
intangible and other long-term assets
4393562.84 27470051.95
Cash paid for investment 411641588.68 0.00
Net cash received from
subsidiaries and other units obtained
0.00 0.00
Other cash paid concerning
investing activities
0.00 0.00
Subtotal of cash outflow from investing
activities
416035151.52 27470051.95
Net cash flows arising from investing
activities
-354436258.12 -25675251.95
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 848033285.00 760000000.00
Other cash received concerning
financing activities
0.00 0.00
Subtotal of cash inflow from financing
activities
848033285.00 760000000.00
Cash paid for settling debts 686000000.00 910000000.00
Cash paid for dividend and profit
distributing or interest paying
30603911.84 29127152.98
Other cash paid concerning
financing activities
887962.40 0.00
Subtotal of cash outflow from financing
activities
717491874.24 939127152.98
Net cash flows arising from financing
activities
130541410.76 -179127152.98
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
-906.26 1429.60
V. Net increase of cash and cash
equivalents
136414438.40 59041356.50
Add: Balance of cash and cash
equivalents at the period -begin
632948706.11 766041463.01
VI. Balance of cash and cash
equivalents at the period -end
769363144.51 825082819.51
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new revenue
rules and new leasing rules from 2020
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules and
new leasing rules from 2020
□Applicable √Not applicable
III. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
3Q report of the Company is unaudited.
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