Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Stock Code: 000505 200505 Stock Name: JLKG JL-B Announcement No. 2021-059

HAINAN JINGLIANG HOLDINGS CO. LTD.THIRD QUARTERLY REPORT 2021

Hainan Jingliang Holdings Co. Ltd. (hereinafter referred to as the “Company”) and all the

members of the Company’s Board of Directors hereby guarantee that the contents of this

Report are true accurate and complete and free of any misrepresentations misleading

statements or material omissions.Important Notes:

1. The Board of Directors the Supervisory Committee as well as the directors supervisors and senior

management of the Company hereby guarantee that the contents of this Report are true accurate and complete and

free of any misrepresentations misleading statements or material omissions and collectively and individually

accept legal responsibility for such contents.

2. The Company’s legal representative head for financial affairs and head of the financial department (equivalent

to financial manager) hereby guarantee that the financial statements carried in this Report are true accurate and

complete.

3. Indicate whether the financial statements in this Report have been audited by an independent auditor.

□Yes √ No

This report has been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions the Chinese version shall prevail.I Key Financial Information

(I) Key Accounting Data and Financial Indicators

Indicate whether there is any retrospectively restated datum in the table below.□ Yes √ No

Q3 2021 YoY change (%) Q1-Q3 2021 YoY change (%)

Operating revenue (RMB) 2987496084.26 54.93% 8315742920.09 46.43%

Net profit attributable to the listed

39778852.22-2.73%128107050.1311.73%

company’s shareholders (RMB)

Net profit attributable to the listed

company’s shareholders before 39320196.40 22.72% 122593533.80 22.55%

exceptional gains and losses (RMB)

Net cash generated from/used in operating

————812177556.881035.04%

activities (RMB)

1Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Basic earnings per share (RMB/share) 0.05 -16.67% 0.18 12.50%

Diluted earnings per share (RMB/share) 0.05 -16.67% 0.18 12.50%

Weighted average return on equity (%) 1.41% -0.15% 4.62% -0.03%

30 September 2021 31 December 2020 Change (%)

Total assets (RMB) 5701260898.37 5695504493.73 0.10%

Equity attributable to the listed

2838599572.542710571543.534.72%

company’s shareholders (RMB)

(II) Exceptional Gains and Losses

√ Applicable □ Not applicable

Unit: RMB

Item Q3 2021 Q1-Q3 2021 Note

Gain or loss on disposal of non-current assets (inclusive of

38075.98-20609.85

impairment allowance write-offs)

Government grants through profit or loss (exclusive of

government grants continuously given in the Company’s ordinary

100664.45897726.08

course of business at fixed quotas or amounts as per the

government’s policies and standards)

Gain or loss on fair-value changes on held-for-trading financial

assets and liabilities & income from disposal of held-for-trading

financial assets and liabilities and available-for-sale financial 44599.31 5343679.08

assets (exclusive of the effective portion of hedges that arise in

the Company’s ordinary course of business)

Non-operating income and expense other than the above 481686.18 1498104.66

Other items that meet the definition of exceptional gain/loss 37.36

Less: Income tax effects 166256.48 1929734.33

Non-controlling interests effects (net of tax) 40113.62 275686.67

Total 458655.82 5513516.33 --

Other items that meet the definition of exceptional gain/loss:

□ Applicable √ Not applicable

No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory

Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the

Public—Exceptional Gain/Loss Items:

□ Applicable √ Not applicable

No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation

√ Applicable □ Not applicable

1. Monetary assets increased primarily driven by an increase in sales revenue received in the oils business in the

current period of which RMB500 million would be used to repay a bank loan due early this October. As of the

date of this Report the said amount has been repaid.

2. Held-for-trading financial assets increased primarily driven by the purchase of wealth management products

with the amount arising from the redemption of investments in cash management products upon maturity in the

current period which decreased other current assets accordingly.

2Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

3. Prepayments decreased primarily driven by a decrease in soy bean and other raw material purchases for the oils

and oilseeds business and a decrease in the prepayment percentages.

4. Construction in progress increased primarily driven by the new oil tank and pipeline extension project in the

current period.

5. Derivative financial liabilities decreased primarily driven by changes in the fair value of hedge instruments in

the current period.

6. Operating revenue increased primarily driven by rising product prices and sales in the current period.

7. Cost of sales increased primarily driven by a substantial increase in raw material cost as a result of the rising

prices of bulk commodities on the market.

8. R&D expense increased primarily driven the cost rising by more new product development projects in the

current period.

9. Return on investment increased primarily driven by increases in return on associate and joint venture

investments.

10. Gain on fair value changes decreased primarily driven by changes in the value of futures contracts.

Note: The “current period” refers to Q1-Q3 2021 herein.II Shareholder Information

(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well

as Holdings of Top 10 Shareholders

Unit: share

Number of preferred

shareholders with resumed

Number of ordinary shareholders at the period-end 59568 0

voting rights at the

period-end (if any)

Top 10 shareholders

Shares in pledge marked or

Shareholding Total shares Restricted

Name of shareholder Nature of shareholder frozen

percentage held shares held

Status Shares

BEIJING GRAIN GROUP State-owned legal

39.68%2884395610

CO. LTD. person

BEIJING STATE-OWNED

CAPITAL OPERATION AND State-owned legal

6.67%485104600

MANAGEMENT person

COMPANY LIMITED

Domestic natural

WANG YUECHENG 5.66% 41159887 41159887

person

LISHERYNZHANMING Foreign natural person 1.03% 7456100 0

GOLD BUFFALO

RUNYING (TIANJIN)

EQUITY INVESTMENT

FUND MANAGEMENT

Other 0.40% 2889803 0

CO. LTD.—GOLD

BUFFALO RUNYING

(TIANJIN) EQUITY

INVESTMENT FUND (L.P.)

Domestic natural

MEI JIANYING 0.36% 2604203 0

person

3Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Domestic natural

LIAO JIAJUN 0.31% 2218100 0

person

Domestic natural

ZHANG XIAOXIA 0.27% 1949250 0

person

Domestic natural

WANG XIAOXING 0.23% 1679200 0

person

ORIENT SECURITIES

Foreign corporation 0.18% 1330400 0（HONG KONG） LIMITED

Top 10 unrestricted shareholders

Shares by type

Name of shareholder Unrestricted shares held

Type Shares

RMB-denomina

BEIJING GRAIN GROUP CO. LTD. 288439561 ted ordinary 288439561

stock

RMB-denomina

BEIJING STATE-OWNED CAPITAL OPERATION

48510460 ted ordinary 48510460

AND MANAGEMENT COMPANY LIMITED

stock

Domestically

LISHERYNZHANMING 7456100 listed foreign 7456100

stock

GOLD BUFFALO RUNYING (TIANJIN) EQUITY

RMB-denomina

INVESTMENT FUND MANAGEMENT CO.

2889803 ted ordinary 2889803

LTD.—GOLD BUFFALO RUNYING (TIANJIN)

stock

EQUITY INVESTMENT FUND (L.P.)

RMB-denomina

MEI JIANYING 2604203 ted ordinary 2604203

stock

RMB-denomina

LIAO JIAJUN 2218100 ted ordinary 2218100

stock

Domestically

ZHANG XIAOXIA 1949250 listed foreign 1949250

stock

RMB-denomina

WANG XIAOXING 1679200 ted ordinary 1679200

stock

Domestically

ORIENT SECURITIES （HONG KONG） LIMITED 1330400 listed foreign 1330400

stock

RMB-denomina

YANG SHULING 1122900 ted ordinary 1122900

stock

· Beijing State-Owned Capital Operation and Management Company

Limited owns 100% of Beijing Grain Group Co. Ltd. and Beijing Grain

Group Co. Ltd. is the controlling shareholder of the Company (a 39.68%

Related or acting-in-concert parties among the

holding). · Wang Yuecheng is a Deputy General Manager of the

shareholders above

Company. Apart from the aforesaid the Company does not know whether

there are any other related parties or acting-in-concert parties among the top

10 shareholders.

· Shareholder Liao Jiajun held 2218100 shares in the Company through

his account of collateral securities for margin trading in Soochow Securities

Top 10 shareholders engaged in securities margin

Co. Ltd.· Shareholder Wang Xiaoxing held 1679200 shares in the

trading (if any)

Company through his account of collateral securities for margin trading in

Shenwan Hongyuan Securities Co. Ltd.

4Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

III Other Significant Events

√ Applicable □ Not applicable

1. Jingliang (Yueyang) Grain and Oil Industry Co. Ltd. jointly invested and incorporated by the Company and

Sinograin Oils Co. Ltd. completed the industrial and commercial registration procedures and obtained the

Business License granted by Administration for Market Regulation of Yueyang City. For more details please refer

to the Announcement of Hainan Jingliang Holdings Co. Ltd. on Progress of Yueyang Oils Base Project (No.:

2021-030) disclosed by the Company on 7 July 2021.

2. The Company signed the Memorandum of Cooperation with the Management Committee of Qingdao

West-Coast Economic New Area and LDC (China) Trading Company Limited on 16 July 2021. For more details

please refer to the Announcement of Hainan Jingliang Holdings Co. Ltd. on Signing the Memorandum of

Cooperation (No.: 2021-033) disclosed by the Company on 17 July 2021.

3. The Company received the Reply on Approval of the Registration of Corporate Bonds Publicly Offered by

Hainan Jingliang Holdings Co. Ltd. to Professional Investors (ZJXK [2021] No.2922) from China Securities

Regulatory Commission on 13 September 2021 in which the Company’s application for registration of corporate

bonds publicly offered to professional investors with total par value not exceeding RMB500 million was approved.For more details please refer to the Announcement of Hainan Jingliang Holdings Co. Ltd. on Receiving the

Registration Reply from China Securities Regulatory Commission on the Corporate Bonds Publicly Offered to

Professional Investors (No.: 2021-046) disclosed by the Company on 14 September 2021.

4. The Company signed the Conditional Share Subscription Agreement with Beijing Capital Agribusiness &

Foods Group on 30 September 2021 intending to privately place A-shares to it with total shares not exceeding

105633802 shares (inclusive) and total raised fund not exceeding RMB600 million (inclusive). Matters related to

this private placement of shares and related-party transactions are subject to the approval of the shareholders’

meeting and China Securities Regulatory Commission. For more details please refer to relevant announcements

disclosed by the Company on 8 October 2021.IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by Hainan Jingliang Holdings Co. Ltd.

30 September 2021

Unit: RMB

Item 30 September 2021 31 December 2020

Current assets:

Monetary assets 1011251284.94 335466169.61

5Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Settlement reserve

Loans to other banks and financial institutions

Held-for-trading financial assets 597350671.73 63478071.73

Derivative financial assets

Notes receivable 456565.85

Accounts receivable 105642011.82 92245667.60

Receivables financing

Prepayments 159782953.26 282343218.05

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract reserve

Other receivables 233178882.49 541905656.97

Including: Interest receivable

Dividends receivable

Financial assets purchased under resale agreements

Inventories 1264542051.22 1225083742.26

Contract assets

Assets held for sale

Current portion of non-current assets

Other current assets 29290088.43 845450678.36

Total current assets 3401037943.89 3386429770.43

Non-current assets:

Loans and advances to customers

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 224648997.13 217762487.79

Investments in other equity instruments 20000000.00 20000000.00

Other non-current financial assets

Investment property 21325640.13 22560212.50

Fixed assets 1067588515.83 1131143854.07

Construction in progress 41916932.92 28458413.67

Productive living assets

Oil and gas assets

Right-of-use assets 2206088.13

Intangible assets 343122974.39 354139335.32

Development costs

Goodwill 191394422.51 191394422.51

Long-term prepaid expense 21045944.53 20529601.50

Deferred income tax assets 30571663.90 3346814.27

Other non-current assets 336401775.01 319739581.67

Total non-current assets 2300222954.48 2309074723.30

Total assets 5701260898.37 5695504493.73

Current liabilities:

Short-term borrowings 1467682539.13 1497414079.05

Borrowings from the central bank

6Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Loans from other banks and financial institutions

Held-for-trading financial liabilities

Derivative financial liabilities 19755046.97 371219136.84

Notes payable

Accounts payable 98310670.45 75384075.39

Advances from customers 1501064.61 1087874.02

Contract liabilities 452742464.99 346874260.90

Financial assets sold under repurchase agreements

Customer deposits and deposits from other banks and financial

institutions

Payables for acting trading of securities

Payables for underwriting of securities

Employee benefits payable 10063161.12 33345136.94

Taxes and levies payable 90559900.48 50884214.64

Other payables 76337198.39 72292881.24

Including: Interest payable 21082795.47 21082795.47

Dividends payable 3213302.88 11013302.88

Fees and commissions payable

Reinsurance payables

Liabilities directly associated with assets held for sale

Current portion of non-current liabilities

Other current liabilities 79886327.39 8319696.79

Total current liabilities 2296838373.53 2456821355.81

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 71000000.00

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 2215736.93

Long-term payables

Long-term employee benefits payable 5677134.00 5677134.00

Provisions

Deferred income 67317050.56 68716699.34

Deferred income tax liabilities 43787612.77 65115801.22

Other non-current liabilities

Total non-current liabilities 189997534.26 139509634.56

Total liabilities 2486835907.79 2596330990.37

Owners’ equity:

Share capital 726950251.00 726950251.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserves 1674828350.95 1674828350.95

Less: Treasury stock

Other comprehensive income -442279.78 -363258.66

Specific reserve

7Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Surplus reserves 122122436.98 122122436.98

General reserve

Retained earnings 315140813.39 187033763.26

Total equity attributable to owners of the Company as the parent 2838599572.54 2710571543.53

Non-controlling interests 375825418.04 388601959.83

Total owners’ equity 3214424990.58 3099173503.36

Total liabilities and owners’ equity 5701260898.37 5695504493.73

Legal representative: Li Shaoling Head for financial affairs: Guan Ying

Head of the financial department: Liu Quanli

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2021 Q1~Q3 2020

1. Revenues 8315742920.09 5679115769.38

Including: Operating revenue 8315742920.09 5679115769.38

Interest income

Insurance premium income

Fee and commission income

2. Costs and expenses 8081991216.67 5471569621.49

Including: Cost of sales 7776768013.40 5155654135.99

Interest expense

Fee and commission expense

Surrenders

Net insurance claims paid

Net amount provided as insurance contract reserve

Expenditure on policy dividends

Reinsurance premium expense

Taxes and levies 18461769.53 14256389.78

Selling expense 117943899.25 150624014.01

Administrative expense 132962334.98 121904630.55

R&D expense 9256210.41 6466632.88

Finance costs 26598989.10 22663818.28

Including: Interest expense 31651500.07 18919769.38

Interest income 7581291.29 7640376.87

Add: Other income 9275885.46 9256058.96

Return on investment (“-” for loss) 37881484.99 26356075.22

Including: Share of profit or loss of joint ventures and

31566509.3410405201.69

associates

Income from the derecognition of financial assets at

amortized cost (“-” for loss)

Exchange gain (“-” for loss)

Net gain on exposure hedges (“-” for loss)

Gain on changes in fair value (“-” for loss) -95948905.70 -57915198.40

Credit impairment loss (“-” for loss) 18054.91

Asset impairment loss (“-” for loss) 40000.00

8Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Asset disposal income (“-” for loss) -20756.74 -30020.88

3. Operating profit (“-” for loss) 184957466.34 185253062.79

Add: Non-operating income 1798665.21 851815.96

Less: Non-operating expense 300560.55 1570361.13

4. Gross profit (“-” for loss) 186455571.00 184534517.62

Less: Income tax expense 44100653.47 43538676.24

5. Net profit (“-” for net loss) 142354917.53 140995841.38

5.1 By operating continuity

5.1.1 Net profit from continuing operations (“-” for net loss) 142354917.53 140995841.38

5.1.2 Net profit from discontinued operations (“-” for net loss)

5.2 By ownership

5.2.1 Net profit attributable to owners of the Company as the

128107050.13114657826.14

parent

5.2.1 Net profit attributable to non-controlling interests 14247867.40 26338015.24

6. Other comprehensive income net of tax -79021.12 -185956.06

Attributable to owners of the Company as the parent -79021.12 -185956.06

6.1 Items that will not be reclassified to profit or loss

6.1.1 Changes caused by remeasurements on defined benefit

schemes

6.1.2 Other comprehensive income that will not be

reclassified to profit or loss under the equity method

6.1.3 Changes in the fair value of investments in other

equity instruments

6.1.4 Changes in the fair value arising from changes in own

credit risk

6.1.5 Other

6.2 Items that will be reclassified to profit or loss -79021.12 -185956.06

6.2.1 Other comprehensive income that will be reclassified

to profit or loss under the equity method

6.2.2 Changes in the fair value of other debt investments

6.2.3 Other comprehensive income arising from the

reclassification of financial assets

6.2.4 Credit impairment allowance for other debt

investments

6.2.5 Reserve for cash flow hedges

6.2.6 Differences arising from the translation of foreign

-79021.12-185956.06

currency-denominated financial statements

6.2.7 Other

Attributable to non-controlling interests

7. Total comprehensive income 142275896.41 140809885.32

Attributable to owners of the Company as the parent 128028029.01 114471870.08

Attributable to non-controlling interests 14247867.40 26338015.24

8. Earnings per share

8.1 Basic earnings per share 0.18 0.16

8.2 Diluted earnings per share 0.18 0.16

Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before

the combinations was RMBXXX with the amount for the same period of last year being RMBXXX.Legal representative: Li Shaoling Head for financial affairs: Guan Ying

Head of the financial department: Liu Quanli

9Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2021 Q1~Q3 2020

1. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services 9485114406.99 6130501668.95

Net increase in customer deposits and deposits from other banks

and financial institutions

Net increase in borrowings from the central bank

Net increase in loans from other financial institutions

Premiums received on original insurance contracts

Net proceeds from reinsurance

Net increase in deposits and investments of policy holders

Interest fees and commissions received

Net increase in loans from other banks and financial institutions

Net increase in proceeds from repurchase transactions

Net proceeds from acting trading of securities

Tax and levy rebates 18120343.10 13983951.32

Cash generated from other operating activities 1601513939.75 981039681.44

Subtotal of cash generated from operating activities 11104748689.84 7125525301.71

Payments for commodities and services 8086227547.27 5873912623.39

Net increase in loans and advances to customers

Net increase in deposits in the central bank and other banks and

financial institutions

Payments for claims on original insurance contracts

Net increase in loans to other banks and financial institutions

Interest fees and commissions paid

Policy dividends paid

Cash paid to and for employees 242680670.19 231484488.18

Taxes and levies paid 158094365.29 141181130.25

Cash used in other operating activities 1805568550.21 965806871.50

Subtotal of cash used in operating activities 10292571132.96 7212385113.32

Net cash generated from/used in operating activities 812177556.88 -86859811.61

2. Cash flows from investing activities:

Proceeds from disinvestment 756252300.48 2021317255.39

Return on investment 45217765.34 13741859.72

Net proceeds from the disposal of fixed assets intangible assets

91284.78128368.58

and other long-lived assets

Net proceeds from the disposal of subsidiaries and other business

5000000.00

units

Cash generated from other investing activities

Subtotal of cash generated from investing activities 801561350.60 2040187483.69

Payments for the acquisition of fixed assets intangible assets and

44052585.8322088912.56

other long-lived assets

Payments for investments 830000000.00 2351915689.04

Net increase in pledged loans granted

Net payments for the acquisition of subsidiaries and other

104730266.66

business units

Cash used in other investing activities 578813.60

Subtotal of cash used in investing activities 874052585.83 2479313681.86

10Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Net cash generated from/used in investing activities -72491235.23 -439126198.17

3. Cash flows from financing activities:

Capital contributions received

Including: Capital contributions by non-controlling interests to

subsidiaries

Borrowings raised 2123279083.94 2371670609.65

Cash generated from other financing activities

Subtotal of cash generated from financing activities 2123279083.94 2371670609.65

Repayment of borrowings 2083544876.68 1639317329.25

Interest and dividends paid 102310728.41 34506528.74

Including: Dividends paid by subsidiaries to non-controlling

interests

Cash used in other financing activities

Subtotal of cash used in financing activities 2185855605.09 1673823857.99

Net cash generated from/used in financing activities -62576521.15 697846751.66

4. Effect of foreign exchange rates changes on cash and cash

-247532.97-6809062.59

equivalents

5. Net increase in cash and cash equivalents 676862267.53 165051679.29

Add: Cash and cash equivalents beginning of the period 334389017.41 555097777.21

6. Cash and cash equivalents end of the period 1011251284.94 720149456.50

(II) Adjustments to the Financial Statements

1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of the New

Standards Governing Leases from 2021

√ Applicable □ Not applicable

Whether the Company needs to adjust items in the balance sheet at the beginning of the year

√ Yes □ No

Consolidated Balance Sheet

Unit: RMB

Item 31 December 2020 1 January 2021 Adjusted

Current assets:

Monetary assets 335466169.61 335466169.61

Settlement reserve

Loans to other banks and financial

institutions

Held-for-trading financial assets 63478071.73 63478071.73

Derivative financial assets

Notes receivable 456565.85 456565.85

Accounts receivable 92245667.60 92245667.60

Receivables financing

Prepayments 282343218.05 282234970.05 -108248.00

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract reserve

Other receivables 541905656.97 541905656.97

Including: Interest receivable

11Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Dividends receivable

Financial assets purchased under resale

agreements

Inventories 1225083742.26 1225083742.26

Contract assets

Assets held for sale

Current portion of non-current assets

Other current assets 845450678.36 845450678.36

Total current assets 3386429770.43 3386321522.43 -108248.00

Non-current assets:

Loans and advances to customers

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 217762487.79 217762487.79

Investments in other equity instruments 20000000.00 20000000.00

Other non-current financial assets

Investment property 22560212.50 22560212.50

Fixed assets 1131143854.07 1131143854.07

Construction in progress 28458413.67 28458413.67

Productive living assets

Oil and gas assets

Right-of-use assets 2722789.09 2722789.09

Intangible assets 354139335.32 354139335.32

Development costs

Goodwill 191394422.51 191394422.51

Long-term prepaid expense 20529601.50 20529601.50

Deferred income tax assets 3346814.27 3346814.27

Other non-current assets 319739581.67 319739581.67

Total non-current assets 2309074723.30 2311797512.39 2722789.09

Total assets 5695504493.73 5698119034.82 2614541.09

Current liabilities:

Short-term borrowings 1497414079.05 1497414079.05

Borrowings from the central bank

Loans from other banks and financial

institutions

Held-for-trading financial liabilities

Derivative financial liabilities 371219136.84 371219136.84

Notes payable

Accounts payable 75384075.39 75384075.39

Advances from customers 1087874.02 1087874.02

Contract liabilities 346874260.90 346874260.90

Financial assets sold under repurchase

agreements

Customer deposits and deposits from

other banks and financial institutions

Payables for acting trading of securities

Payables for underwriting of securities

Employee benefits payable 33345136.94 33345136.94

12Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

Taxes and levies payable 50884214.64 50884214.64

Other payables 72292881.24 72292881.24

Including: Interest payable 21082795.47 21082795.47

Dividends payable 11013302.88 11013302.88

Fees and commissions payable

Reinsurance payables

Liabilities directly associated with assets

held for sale

Current portion of non-current liabilities

Other current liabilities 8319696.79 8319696.79

Total current liabilities 2456821355.81 2456821355.81

Non-current liabilities:

Insurance contract reserve

Long-term borrowings

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 2614541.09 2614541.09

Long-term payables

Long-term employee benefits payable 5677134.00 5677134.00

Provisions

Deferred income 68716699.34 68716699.34

Deferred income tax liabilities 65115801.22 65115801.22

Other non-current liabilities

Total non-current liabilities 139509634.56 142124175.65 2614541.09

Total liabilities 2596330990.37 2598945531.46 2614541.09

Owners’ equity:

Share capital 726950251.00 726950251.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserves 1674828350.95 1674828350.95

Less: Treasury stock

Other comprehensive income -363258.66 -363258.66

Specific reserve

Surplus reserves 122122436.98 122122436.98

General reserve

Retained earnings 187033763.26 187033763.26

Total equity attributable to owners of the

2710571543.532710571543.53

Company as the parent

Non-controlling interests 388601959.83 388601959.83

Total owners’ equity 3099173503.36 3099173503.36

Total liabilities and owners’ equity 5695504493.73 5698119034.82 2614541.09

2. Retrospective Restatement of Previous Comparative Data due to the First Execution of the New

Standards Governing Leases from 2021

□ Applicable √ Not applicable

13Hainan Jingliang Holdings Co. Ltd. Third Quarterly Report 2021

(III) Independent Auditor’s Report

Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□ Yes √ No

These financial statements have not been audited by such an auditor.Hainan Jingliang Holdings Co. Ltd.

23 October 2021

14