虹美菱B:2023年第一季度报告

CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Stock Code: 000521 200521 Stock Abbreviation: Changhong Meiling Hongmeiling B

Announcement No.: 2023-025

Changhong Meiling Co. Ltd.The First Quarterly Report of 2023

The Company and whole members of the Board guarantee that the information disclosed is true accurate and

complete and there are no fictitious records misleading statements or material omissions carried in the Report.Important Note:

1. Board of Directors and the Supervisory Committee of Changhong Meiling 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.

2. Person in charge of the Company head of accounting and person in charger of accounting organ (accounting

officer) hereby confirm that the financial information of this Quarterly Report is authentic accurate and complete.

3. The first quarterly report audited or not

□Yes √No

I. Main financial data

(i) Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data or not

√Yes □No

Reasons for retroactive adjustment or restatement of the previous accounting data

√Changes in accounting policies □ Correction of accounting errors □ Business consolidation under the same control

□ Other reasons

Changes of this period

Same period of last year over same period of

Current Period last year

Before adjustment After adjustment After adjustment

Operating income (RMB) 5025237527.25 4012925239.44 4012925239.44 25.23%

Net profit attributable to

shareholders of the listed 122540351.10 5147648.23 5147648.23 2280.51%

company (RMB)

1CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Net profit attributable to

shareholders of the listed

company after deducting 103510051.94 -22549982.34 -22549982.34 559.02%

non-recurring gains and

losses (RMB)

Net cash flow arising from

-372008676.48-1064503447.07-1064503447.0765.05%

operating activities (RMB)

Basic earnings per share

0.11900.00500.00502280.00%

(RMB/Share)

Diluted earnings per share

0.11900.00500.00502280.00%

(RMB/Share)

Increase by 2.24

Weighted average ROE 2.34% 0.10% 0.10%

percentage points

Changes of this

End of last period period-end over same

End of this period

period-end of last year

Before adjustment After adjustment After adjustment

Total assets (RMB) 17061136133.84 16200361212.80 16205296370.67 5.28%

Owners’ equity attributable

to shareholders of listed 5296286171.68 5168286872.09 5168471419.72 2.47%

company (RMB)

Reasons of accounting policy change and correction of accounting errors

The Company made the accounting policy change in accordance with the "Accounting Standard for Business

Enterprises No. 16Interpretation " issued by the Ministry of Finance on November 30 2022: "The deferred income

tax related to assets and liabilities arising from a single transaction is not subject to the accounting treatment of the

initial recognition exemption" and chose to implement from January 1 2023.(ii)Items of non-recurring gains and losses

√ Applicable □ Not applicable

In RMB

Item Current amount Note

Gains/losses from the disposal of non-current asset (including the

write-off that accrued for impairment of assets)

Governmental subsidy calculated into current gains and

losses(while closely related with the normal business of the

Mainly due to government

Company the government subsidy that accord with the provision 10348869.48

subsidies.of national policies and are continuously enjoyed in line with a

certain standard quota or quantity are excluded)

Gain and loss from change of the fair value arising from

transactional monetary assets transactional financial liabilities as

held as well as the investment income arising from disposal of the Mainly due to investment income

transactional monetary assets transactional financial liabilities 6095174.23 obtained from the disposal of

and financial assets available for sale excluding the effective trading financial assets

hedging transaction in connection with the Company’s normal

business

Other non-operating income and expenses other than the above 5012362.28 Mainly due to income from fines.Less: impact on income tax 421943.41

Impact on minority shareholders’ equity (post-tax) 2004163.42

Total 19030299.16 --

Details of other profit and loss items that meet the non-recurring profit and loss definition

2CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

□ Applicable √ Not applicable

There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain 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

□ Applicable √ Not applicable

There are no 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

(iii)Particulars about material changes in items of main accounting statement and financial index and

explanations of reasons

√ Applicable □Not applicable

1.Changes and reasons of items in balance sheet

In RMB

Item Ending balance Opening balance Changes ratio Reasons of changes

Mainly due to the purchase of wealth

Trading financial assets 250802870.28 57660588.67 334.96% management products by the Company in the

current period.Mainly due to the increase in the Company's

Account receivable 1885992283.98 1306871945.85 44.31%

operating income in the current period

Mainly due to the increase in the Company's

Inventory 2448841210.43 1710306933.71 43.18%

operating income in the current period

Mainly due to the reclassification of the

Non-current asset due

270422555.56 170167638.89 58.92% current corporate debt investment to maturity

within one year

Mainly due to the increase in the Company's

Other current assets 166239145.08 120589431.85 37.86%

time deposits in the current period.Mainly due to the increase in the Company's

Creditor's rights

202020611.11 121543750.00 66.21% large certificates of deposit in the current

investment

period.Mainly due to the increase in the Company's

Other non-current assets 2411486.64 893238.57 169.97%

prepaid project payment in the current period

Mainly due to the increase in the Company's

Account payable 4027615277.29 2917997138.00 38.03% raw material procurement in the current

period.Mainly due to the increase in relevant taxes

and fees caused by the increase in the

Other current liabilities 29608735.19 22605269.51 30.98%

Company's advance receipts in the current

period.Mainly due to the Company's provision of

Special reserve 6929368.76 2467205.78 180.86% safety production expenses in the current

period.

2.Changes and reasons of items in profit statement

In RMB

Item Current period Amount at the

same period of Changes ratio Reasons of changes

last year

3CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Mainly due to the increase in related taxes and fees

Tax and extras 39314902.23 29031104.40 35.42% due to the increase in the Company's sales in the

current period

Mainly due to the YOY decrease in government

Other income 11993948.27 26202120.61 -54.23% subsidies received by the Company in the current

period.Investment earnings 11296852.87 7547051.46 49.69%

Mainly due to the increase in the profit of the

Company's associates in the current period.Mainly caused by the change in the fair value of

Gains on changes in fair 1581886.04 -1533990.67 203.12% the Company's irrevocable orders and forward

value

foreign exchange contracts in the current period.Gains on disposal of - 3689706.71 -100.00% Mainly due to there’s no proceeds from asset

assets disposal by the Company in the current period.

5645604.54 1073158.74 426.07% Mainly due to the increase in revenue from fines Non-operating income

received by the Company in the current period.Mainly due to the increase in income tax expense

Income tax expenses 7491433.56 -1669169.27 548.81% due to the increase in the Company's taxable

income in the current period

Mainly due to the YOY decrease in the earnings of

Gains/losses of 5547007.66 8232999.11 -32.62% some non-wholly-owned subsidiaries of the

minority’s interest

Company in the current period.

3.Changes and reasons of items in cash flow statement

In RMB

Item Current period Amount at the

same period of Changes ratio Reasons of changes

last year

Other cash received Mainly due to the YOY decrease in government

concerning operation 23940223.82 39337433.81 -39.14% subsidies received by the Company in the

activities current period.Mainly due to the YOY decrease in various

Taxes paid 75109108.69 132796426.52 -43.44% taxes paid by the Company in the current

period.Mainly due to the withdrawal of corporate

Cash received from recovery

150000000.00 1539824.00 9641.37% wealth management products at maturity in the

of investment

current period.Net cash received from

Mainly due to the YOY decrease in cash

disposal of fixed assets

114445.00 8304653.60 -98.62% received by the Company for the disposal of

intangible assets and other

assets in the current period.long-term assets

Mainly due to the purchase of wealth

Cash paid for investments 560000000.00 220000000.00 154.55% management products and large certificates of

deposit by the Company in the current period.Other cash received Mainly due to the constrained recovery of the

concerning financing 250646926.33 4466696.88 5511.46% Company's guarantee deposits in the current

activities period.Mainly due to the y-o-y Increase in repayment

Cash paid for settling debts 435000000.00 175000000.00 148.57%

of loans in the Period

Cash paid for dividend and

Mainly due to the YOY decrease in interest

profit distributing or interest 4998050.47 10261148.45 -51.29%

paid by the Company in the current period.paying

Mainly due to the constrained recovery of the

Other cash paid concerning

45458808.90 4144046.56 996.97% Company's guarantee deposits in the current

financing activities

period.Effect of exchange rate Mainly due to the change of exchange rate in

-11739344.83398221.49-3047.94%

changes on cash the Period

4CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

II. Shareholders

(i)Total number of common shareholders and preference shareholders with voting rights recovered and top

ten shareholders

In Shares

Total preference shareholders

Total number of common

with voting rights recovered at

shareholders at the end of report 48771 0

end of reporting period (if

period

applicable)

Top ten shareholders

Information of shares

pledged tagged or

Proportion Amount of

Amount of frozen

Shareholder’s name Nature of shareholder of shares lock-up

shares held State of

held shares held Amount

State-owned legal

Sichuan Changhong Electric Co. Ltd. 24.12% 248457724 0 - --

person

Hefei Industry Investment Holding (Group) State-owned legal 4.64% 47823401 0 - -

Co. Ltd. person

CHANGHONG (HK) TRADING LIMITED Foreign legal person 2.63% 27077797 0 - -

Taiping Asset－ICBC－Taiping Star 19 Domestic non-state- 2.22% 22851100

0--

investment products owned legal person

Huaan Funds－Bank of Shanghai－Huaan 1.99% 20520700

Domestic non-state-

Funds－New Era No.2 Collective Asset 0 - -

owned legal person

Management plan

CAO SHENGCHUN Foreign natural person 1.43% 14766086 0 - -

Xu Aiyun Domestic natural 1.36% 14038200

0--

person

Huaan Funds－Industrial Bank－Huaan Funds Domestic non-state- 1.15% 11822201

－New Era No.1 Asset Management Plan owned legal person

0--

Caitong Fund- Ningbo Bank-Haitong Xingtai Domestic non-state- 1.04% 10733452

(Anhui) Emerging Industry Investment Fund owned legal person 0 - -

(Limited Partnership)

Wang Xinzhong Domestic natural 0.94% 9679240

0--

person

Top ten shareholders with unrestricted shares held

Type of shares

Shareholder’s name Amount of unrestricted shares held

Type Amount

RMB ordinary

Sichuan Changhong Electric Co. Ltd. 248457724 248457724

Hefei Industry Investment Holding (Group) RMB ordinary

4782340147823401

Co. Ltd. shares

Domestically listed

CHANGHONG (HK) TRADING LIMITED 27077797 27077797

foreign shares

Taiping Asset－ICBC－Taiping Star 19 RMB ordinary

2285110022851100

investment products shares

Huaan Funds－Bank of Shanghai－Huaan

RMB ordinary

Funds－New Era No.2 Collective Asset 20520700 20520700

Management plan

CAOSHENGCHUN Domestically listed 14766086 14766086

foreign shares

Xu Aiyun RMB ordinary 14038200 14038200

Huaan Funds－Industrial Bank－Huaan Funds RMB ordinary

1182220111822201

－New Era No.1 Asset Management Plan shares

5CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Caitong Fund- Ningbo Bank-Haitong Xingtai

RMB ordinary

(Anhui) Emerging Industry Investment Fund 10733452 10733452

(Limited Partnership)

Wang Xinzhong RMB ordinary 9679240 9679240

Among the above shareholders CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong

Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co. Ltd. the foregoing

shareholders constitute persons of uniform action. There existed no associated relationship or belong to the

concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder

Explanation on associated Equity Changes of Listed Companies among Sichuan Changhong Electric Co. Ltd Hong Kong Changhongrelationship among the and other top 8 shareholders “Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industryaforesaid shareholders Investment Fund (Limited Partnership) ” refers to the products of Caitong Fund Management Company

subscribe for privately placement of 2016; The company neither knows whether there is any association

among other shareholders nor knows whether other shareholders belong to the persons acting in concert thatis stipulated in the “Administrative Measures on Information Disclosure of Changes in Shareholding of ListedCompanies”.Explanation on top ten

As of March 31 2023 among the top 10 common shareholders Wang Xinzhong holds 9679240 shares of the

shareholders involving

Company through customer credit trading secured account of Sinolink Securities Co. Ltd. resulting in a total

margin business (if

of 9679240 shares of the Company.applicable)

(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock

held

□ Applicable √ Not applicable

III. Other important matters

√Applicable □Not applicable

Information index for temporary

Overview Date for disclosure

report disclosure

After the resolution adopted by the board of directors and the board of

supervisors of the Company it’s agreed that the Company will with its Juchao

own funds of 45 million yuan participate in the establishment of "Sichuan Website:http://www.cninfo.com.cn

Hongyun Information Technology Venture Capital Fund Partnership January 182023

（No.: 2023-0022023-003 and(Limited Partnership)" (tentative name subject to the approval and

2023-004）

registration of the market regulatory department) and serve as a limited

partner of the fund.After the resolution adopted by the board of directors and the board of

supervisors of the Company it’s agreed that the Company and its

subsidiaries will make a single provision for bad debts for receivables of

the customer Changhong RUBA Electric Appliance Co. Ltd(an associate

of Zhongshan Changhong Electric Appliance Co. Ltd-a subsidiary to the Juchao

Company) in the fourth quarter of 2022 and agreed that the Company its Website:http://www.cninfo.com.cn

subsidiaries Hefei Meiling Group Holdings Co. Ltd. and Sichuan January 182023

（No.:2023-0022023-003 and 2023-Changhong Air Conditioning Co. Ltd and Sichuan Zhiyijia Network

005）

Technology Co. Ltd-an associate of the Company made a single

provision for bad debts for the receivables of Gome System (Gome

System is the collective name of Gome's subsidiaries branches offices

and agencies at all levels) with the total amount for the aforementioned

single provisions for bad debts of 101962546.44 yuan.After the resolution adopted by the board of directors of the Company it’s

Juchao Website:

agreed to renew the appointment of ShineWing CPA (LLP) as the auditor

March 312023 http://www.cninfo.com.cn

of the Company's 2023 annual financial report and internal control for one（No.:2023-011 and 2023-015）

year.After the resolution adopted by the board of directors of the Company it’s

agreed that the Company and its subsidiaries will carry out forward

foreign exchange fund trading business from July 1 2023 to June 30 Juchao

2024 with a transaction balance of not more than USD 1.046 billion March 312023 Website:http://www.cninfo.com.cn

(mainly including: USD AUD EURO and all other foreign currencies （No.:2023-011 and 2023-016）

converted into USD) and the delivery period of a single business shall not

exceed 1 year.After the resolution adopted by the board of directors and the board of March 312023 Juchao

6CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

supervisors of the Company in accordance with the principles of legal Website:http://www.cninfo.com.cncompliance standardized operation one-by-one examination and （No.:2023-011 2023-012 andapproval and account write-off records it’s agreed to write off a total of 2023-017）

1307424.41 yuan of bad debts that were truly unrecoverable by

Zhongshan Changhong-a subsidiary of the Company.After the resolution adopted by the board of directors of the Company it’s

approved that the Company and its subsidiaries will apply for a special

credit line of up to 400 million yuan for the bill pool from Hefei Branch Juchao

of Industrial Bank Co. Ltd; will apply for a special credit line of up to March 312023 Website:http://www.cninfo.com.cn

300 million yuan for the bill pool from Hefei Branch of Ping An Bank （No.:2023-011 and 2023-018）

Co. Ltd; and will apply for a special credit line of up to 400 million yuan

for the bill pool from Hefei Branch of Jiujiang Bank Co. Ltd.IV. Quarterly financial statements

(i) Financial statement

1. Consolidate Balance Sheet

Prepared by Changhong Meiling Co. Ltd.In RMB

Item Ending balance Opening balance

Current assets:

Monetary fund 5853929091.02 6839421779.13

Settlement provisions

Capital lent

Trading financial assets 250802870.28 57660588.67

Derivative financial assets

Note receivable

Account receivable 1885992283.98 1306871945.85

Receivable financing 1568606632.24 1446358719.88

Account paid in advance 45024757.74 45859491.55

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance receivable

Other account receivable 97372570.89 88354803.24

Including: Interest receivable

Dividend receivable

Buying back the sale of financial assets

Inventory 2448841210.43 1710306933.71

Contract assets 3247449.48 3530922.13

Assets held for sale

Non-current asset due within one year 270422555.56 170167638.89

Other current assets 166239145.08 120589431.85

Total current assets 12590478566.70 11789122254.90

Non-current assets:

Loans and payments on behalf

Creditor's rights investment 202020611.11 121543750.00

Other Creditor's rights investment

Long-term account receivable

Long-term equity investment 98569119.93 100384428.50

7CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Investment in other equity instrument

Other non-current financial assets 628549448.31 628549448.31

Investment real estate 52403667.58 52898060.89

Fixed assets 2192388880.83 2229553866.96

Construction in progress 80533557.98 66522492.77

Productive biological asset

Oil and gas asset

Right-of-use assets 33430513.42 36646135.10

Intangible assets 933580214.84 900568008.21

Expense on research and development 73347089.12 102148390.57

Goodwill

Long-term expenses to be apportioned 16390674.26 14900600.59

Deferred income tax asset 157032303.12 161565695.30

Other non-current assets 2411486.64 893238.57

Total non-current asset 4470657567.14 4416174115.77

Total assets 17061136133.84 16205296370.67

Current liabilities:

Short-term loans 488328290.84 674143916.67

Loan from central bank

Capital borrowed

Trading financial liability 33521920.35 41961524.78

Derivative financial liability

Note payable 4681667908.72 4964374512.60

Account payable 4027615277.29 2917997138.00

Accounts received in advance

Contract liabilities 414514806.14 358755397.77

Selling financial asset of repurchase

Absorbing deposit and interbank deposit

Security trading of agency

Security sales of agency

Wage payable 317581219.13 348154915.13

Taxes payable 76006534.88 80287878.62

Other account payable 901277527.86 828207568.21

Including: Interest payable

Dividend payable 4978994.16 4978994.16

Commission charge and commission payable

Reinsurance payable

Liability held for sale

Non-current liabilities due within one year 29702488.42 30287099.08

Other current liabilities 29608735.19 22605269.51

Total current liabilities 10999824708.82 10266775220.37

Non-current liabilities:

Insurance contract reserve

Long-term loans 148000000.00 148000000.00

Bonds payable

Including: Preferred stock

8CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Perpetual capital securities

Lease liability 25796848.32 28164287.97

Long-term account payable 1097197.29 1145286.48

Long-term wages payable 10329623.86 10790859.64

Accrual liability 32851482.36 32685631.78

Deferred income 153738339.98 161013911.91

Deferred income tax liabilities 16171532.93 17509503.08

Other non-current liabilities

Total non-current liabilities 387985024.74 399309480.86

Total liabilities 11387809733.56 10666084701.23

Owner’s equity:

Share capital 1029923715.00 1029923715.00

Other equity instrument

Including: Preferred stock

Perpetual capital securities

Capital public reserve 2806493904.30 2806493904.30

Less: Treasury shares

Other comprehensive income -20069224.75 -20881462.63

Special reserve 6929368.76 2467205.78

Surplus public reserve 441218691.48 441218691.48

Provision of general risk

Retained profit 1031789716.89 909249365.79

Total owner’ s equity attributable to parent

5296286171.685168471419.72

company

Minority interests 377040228.60 370740249.72

Total owner’ s equity 5673326400.28 5539211669.44

Total liabilities and owner’ s equity 17061136133.84 16205296370.67

Legal Representative: Wu Dinggang

Person in charge of accounting works: Pang Haitao

Person in charge of accounting institute: Yang Jun

2. Consolidated Profit Statement

In RMB

Item Current period Last period

I. Total operating income 5025237527.25 4012925239.44

Including: Operating income 5025237527.25 4012925239.44

Interest income

Insurance gained

Commission charge and commission income

II. Total operating cost 4890898229.81 4011460060.46

Including: Operating cost 4288663147.76 3505133832.06

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

9CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Reinsurance expense

Tax and extras 39314902.23 29031104.40

Sales expense 396134102.96 335122981.27

Administrative expense 77699944.12 74774111.15

R&D expense 127905030.12 108762671.65

Financial expenses -38818897.38 -41364640.07

Including: Interest expenses 5614718.39 11459855.40

Interest income 39706698.73 34441441.46

Add: other income 11993948.27 26202120.61

Investment income (Loss is listed with “-”) 11296852.87 7547051.46

Including: Investment income on affiliated company and joint

6156271.452224748.61

venture

The termination of income recognition for financial assets

-2610734.55

measured by amortized cost

Exchange income (Loss is listed with “-”)

Net exposure hedging income (Loss is listed with “-”)

Income from change of fair value (Loss is listed with “-”) 1581886.04 -1533990.67

Loss of credit impairment (Loss is listed with “-”) -15886816.82 -13619904.38

Losses of devaluation of asset (Loss is listed with “-”) -12758737.76 -12316116.48

Income from assets disposal (Loss is listed with “-”) 3689706.71

III. Operating profit (Loss is listed with “-”) 130566430.04 11434046.23

Add: Non-operating income 5645604.54 1073158.74

Less: Non-operating expense 633242.26 795726.90

IV. Total profit (Loss is listed with “-”) 135578792.32 11711478.07

Less: Income tax expense 7491433.56 -1669169.27

V. Net profit (Net loss is listed with “-”) 128087358.76 13380647.34

(i) Classify by business continuity

1. Net profit from continuing operations (net loss listed with “-”) 128087358.76 13380647.34

2. Net profit from termination of operations (net loss listed with

“-”)

(ii) Classify by ownership

1.Net profit attributable to owner’s of parent company 122540351.10 5147648.23

2.Minority shareholders’ gains and losses 5547007.66 8232999.11

VI. Net after-tax of other comprehensive income 1054218.75 -344376.37

Net after-tax of other comprehensive income attributable to

812237.88-369715.25

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

812237.88-369715.25

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

10CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

4.Credit impairment provision for other debt investment

5.Cash flow hedging reserve

6.Translation differences arising on translation of foreign

812237.88-369715.25

currency financial statements

7.Other

Net after-tax of other comprehensive income attributable to

241980.8725338.88

minority shareholders

VII. Total comprehensive income 129141577.51 13036270.97

Total comprehensive income attributable to owners of parent

123352588.984777932.98

Company

Total comprehensive income attributable to minority

5788988.538258337.99

shareholders

VIII. Earnings per share:

(i) Basic earnings per share 0.1190 0.0050

(ii) Diluted earnings per share 0.1190 0.0050

Enterprise combine under the same control in the Period the combined party realized net profit of 0.00 Yuan

before combination and realized 0.00 Yuan at last period for combined party.Legal Representative: Wu Dinggang

Person in charge of accounting works: Pang Haitao

Person in charge of accounting institute: Yang Jun

3. Consolidated Cash Flow Statement

In RMB

Item Current period Last period

I. Cash flows arising from operating activities:

Cash received from selling commodities and providing labor

4561489109.853914069915.96

services

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 119861984.88 137758875.67

Other cash received concerning operating activities 23940223.82 39337433.81

Subtotal of cash inflow arising from operating activities 4705291318.55 4091166225.44

Cash paid for purchasing commodities and receiving labor

4319024021.574337604502.71

service

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

11CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

Cash paid to/for staff and workers 500241447.73 448108157.26

Taxes paid 75109108.69 132796426.52

Other cash paid concerning operating activities 182925417.04 237160586.02

Subtotal of cash outflow arising from operating activities 5077299995.03 5155669672.51

Net cash flows arising from operating activities -372008676.48 -1064503447.07

II. Cash flows arising from investing activities:

Cash received from recovering investment 150000000.00 1539824.00

Cash received from investment income 11517830.00 11003504.00

Net cash received from disposal of fixed intangible and other

114445.008304653.60

long-term assets

Net cash received from disposal of subsidiaries and other

units

Other cash received concerning investing activities 54625623.42 52685195.90

Subtotal of cash inflow from investing activities 216257898.42 73533177.50

Cash paid for purchasing fixed intangible and other long-

69827261.8971711824.73

term assets

Cash paid for investment 560000000.00 220000000.00

Net increase of mortgaged loans

Net cash received from subsidiaries and other units obtained

Other cash paid concerning investing activities 8997.51 700.67

Subtotal of cash outflow from investing activities 629836259.40 291712525.40

Net cash flows arising from investing activities -413578360.98 -218179347.90

III. Cash flows arising from financing activities

Cash received from absorbing investment

Including: Cash received from absorbing minority

shareholders’ investment by subsidiaries

Cash received from loans 248567208.06 225000000.00

Other cash received concerning financing activities 250646926.33 4466696.88

Subtotal of cash inflow from financing activities 499214134.39 229466696.88

Cash paid for settling debts 435000000.00 175000000.00

Cash paid for dividend and profit distributing or interest

4998050.4710261148.45

paying

Including: Dividend and profit of minority shareholder paid

by subsidiaries

Other cash paid concerning financing activities 45458808.90 4144046.56

Subtotal of cash outflow from financing activities 485456859.37 189405195.01

Net cash flows arising from financing activities 13757275.02 40061501.87

IV. Influence on cash and cash equivalents due to fluctuation

-11739344.83398221.49

in exchange rate

V. Net increase of cash and cash equivalents -783569107.27 -1242223071.61

Add: Balance of cash and cash equivalents at the period-

6113222069.765840194931.57

begin

VI. Balance of cash and cash equivalents at the period-end 5329652962.49 4597971859.96

Legal Representative: Wu Dinggang

Person in charge of accounting works: Pang Haitao

Person in charge of accounting institute: Yang Jun

(ii) Audit report

Whether the 1st quarterly report has been audited or not

□Yes √ No

12CHANGHONG MEILING CO. LTD.THE FIRST QUARTERLY REPORT OF 2023

The Fist quarterly report of the Company has not been audited.Board of Directors of Changhong Meiling Co. Ltd.April 20 2023

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