深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Shenzhen Tellus Holding Co., Ltd. First Quarterly Report 2019 April 2019 1 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Section I. Important Notes Board of Directors and the Supervisory Committee of Shenzhen Tellus Holding Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint. All Directors are attended the Board Meeting for Quarterly Report deliberation. Fu Chunlong, Person in charge of the Company, Lou Hong, person in charge of accounting works, and Liu Yuhong, person in charge of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete. 2 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Section II. Company Profile I. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data □ Yes √ No Changes of this period over Current Period Same period of last year same period of last year Operating income (RMB) 119,469,426.49 92,099,937.58 29.72% Net profit attributable to shareholders of 18,017,619.19 16,101,533.51 11.90% the listed company (RMB) Net profit attributable to shareholders of the listed company after deducting 15,885,705.01 13,473,427.60 17.90% non-recurring gains and losses (RMB) Net cash flow arising from operating 2,986,868.23 -8,305,634.44 activities (RMB) Basic earnings per share (RMB/Share) 0.0606 0.0542 11.81% Diluted earnings per share (RMB/Share) 0.0606 0.0542 11.81% Weighted average ROE 1.70% 1.66% 0.04% Changes of this period-end At the end of the reporting At the end of last year over same period-end of last period year Total assets (RMB) 1,654,362,251.54 1,658,295,531.00 -0.24% Net assets attributable to shareholder of 1,068,227,156.54 1,050,209,537.35 1.72% listed company (RMB) Items of non-recurring gains and losses √ Applicable □ Not applicable In RMB Amount from year-begin to Item Note period-end Fund possession cost reckoned into current gains/losses charged 18,749.99 from non-financial business Gains/losses from entrust investment or assets management 2,526,615.06 Financial income Other non-operating income and expenditure except for the -824,182.44 aforementioned items Less: Impact on income tax 67,187.71 Impact on minority shareholders equity (post-tax) -477,919.28 3 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Total 2,131,914.18 -- Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons □ Applicable √ Not applicable In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss II. Total number of shareholders at the end of this report period and top ten shareholders 1. Number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders In shares Total preference shareholders Total number of common with voting rights recovered at shareholders at the end of report 53,772 0 end of reporting period (if period applicable) Top ten shareholders Amount of Number of share pledged/frozen Shareholders Nature of Proportion of Amount of shares restricted shares name shareholder shares held held State of share Amount held SHENZHEN State-owned 49.09% 145,925,256 0 0 SDG CO., LTD. corporation Shenzhen Zhiyuan Fuhai Jewelry Industry Domestic Investment non-state-owned 20.87% 62,030,104 0 0 Enterprises corporation (limited partnership) GUOTAI JUNAN Foreign SECURITIES(H 0.40% 1,197,304 0 0 corporation ONGKONG) LIMITED Domestic nature Li Guangxin 0.26% 761,161 0 0 person Agricultural Bank Other 0.24% 716,341 0 0 4 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 of China—CSI 500 Exchange Traded Funds Foreign nature Ding Bingfang 0.11% 321,000 0 0 person Domestic nature He Xing 0.10% 306,300 0 0 person Domestic nature Xu Jie 0.10% 290,079 0 0 person Foreign nature Zeng Huiming 0.10% 289,600 0 0 person Domestic nature Huang Chuyun 0.09% 266,500 0 0 person Top ten shareholders with unrestricted shares held Type of shares Shareholders name Amount of unrestricted shares held Type Amount RMB ordinary SHENZHEN SDG CO., LTD. 145,925,256 145,925,256 shares Shenzhen Zhiyuan Fuhai Jewelry RMB ordinary Industry Investment Enterprises 62,030,104 62,030,104 shares (limited partnership) GUOTAI JUNAN Domestically SECURITIES(HONGKONG) 1,197,304 listed foreign 1,197,304 LIMITED shares Domestically Li Guangxin 761,161 listed foreign 761,161 shares Agricultural Bank of China—CSI RMB ordinary 716,341 716,341 500 Exchange Traded Funds shares RMB ordinary Ding Bingfang 321,000 321,000 shares Domestically He Xing 306,300 listed foreign 306,300 shares RMB ordinary Xu Jie 290,079 290,079 shares Domestically Zeng Huiming 289,600 listed foreign 289,600 shares 5 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Domestically Huang Chuyun 266,500 listed foreign 266,500 shares Among the top ten shareholders, there exists no associated relationship between the state-owned legal persons shareholders Shenzhen SDG Co., Ltd and other shareholders, and Explanation on associated they do not belong to the person acting in concert regulated by the Management Measure of relationship among the aforesaid Information Disclosure on Change of Shareholding for Listed Companies. For the other shareholders shareholders of circulation share, the Company is unknown whether they belong to the person acting in concert. Explanation on top ten common shareholders involving margin N/A business (if applicable) Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period □ Yes √ No The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period. 2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held □ Applicable √ Not applicable 6 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Section III. Significant Events I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons √ Applicable □ Not applicable Balance sheet Asset Closing balance Opening balance Changes amount Changes ratio Reasons of changes Purchasing more financial products Monetary fund 103,832,710.15 169,512,260.69 -65,679,550.54 -38.75% and projects loans are returned by Zhongtian Company The credit payment for jewelry Accounts 97,458,548.16 86,104,660.51 11,353,887.65 13.19% wholesale from subsidiary Sichuan receivable Jewelry Company increased Assets held for 85,017,251.77 85,017,251.77 sale Long-term equity 229,021,637.91 224,644,766.21 4,376,871.70 1.95% investment Investment real 497,507,669.66 503,922,413.70 -6,414,744.04 -1.27% estate Fix assets 110,748,337.80 112,674,017.53 -1,925,679.73 -1.71% Construction in Initial investment of the phase II of 18,337,636.71 12,843,571.97 5,494,064.74 42.78% process Shuibei Jewelry Building Short-term loans 144,000,000.00 143,000,000.00 1,000,000.00 0.70% Projects loans are returned by Long-term loans 4,000,000.00 34,934,887.55 -30,934,887.55 -88.55% Zhongtian Company The account received in advance for Advance 10,153,494.27 15,897,763.97 -5,744,269.70 -36.13% car sales are carry-forward to revenue receivable by Huari Company Other accounts 252,815,597.31 250,489,094.47 2,326,502.84 0.93% payable Profit statement Amount at this At same period of Item Change amount Changes ratio Reasons of changes year last year The phase I of Shuibei Jewelry Building was put into operation in Operating income 119,469,426.49 92,099,937.58 27,369,488.91 29.72% September 2018, and expansion of the business scale from Sichuan 7 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Jewelry Company Interest expenditure goes up with the bank loans increased on a y-o-y basis; and after completion of phase I Financial of Shuibei Jewelry Building, the 2,411,716.67 899,268.60 1,512,448.07 168.19% expenses project transfer to fixed assets, and loan interest ceases capitalization which made the financial expenses increased Investment The investment income from 6,903,486.76 11,627,612.09 -4,724,125.33 -40.63% income joint-stock enterprise decreased Operation profit increased from Income tax 676,399.30 324,626.80 351,772.50 108.36% subordinated enterprise Cash flow statement Amount at this At same period of Item Change amount Changes ratio Reasons of changes year last year Net cash flow Cash flow expenditure increased due arising from -55,828,779.95 -4,855,305.59 -50,973,474.36 to the increase of bank financial investment products in the year activity Net cash flow arising from -12,837,638.82 -4,526,673.83 -8,310,964.99 Repayment of loans in the period financing activity Net increased amount of cash -65,679,550.54 -17,687,613.86 -47,991,936.68 and cash equivalent Net cash flow The phase I of Shuibei Jewelry arising from Building was put into operation in 2,986,868.23 -8,305,634.44 11,292,502.67 operating September 2018, the cash in-flow activities from operation increased II. Analysis and explanation of significant events and their influence and solutions √Applicable □Not applicable Sales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. The 13th Extraordinary Meeting of 8th BOARD was held on 12 Dec. 2017 for deliberated and approved the proposal of Sales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd., that is agree to sold out 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd in way of public listing, with not less than the assets valuation value of 286,017,100 yuan. After sales, the Company holds zero equity of Shenzhen Xinglong Machinery Mould Co., Ltd. Relevant content found more in Notice on Sales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. (Notice No.: 2017-095) released on Securities Times, Hong Kong Commercial Daily and Juchao website (http://www.cninfo.com.cn). 8 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 On 26 March 2018, the 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd was listed on Shenzhen United Property Exchange for transfer. Till expiration of the listing, according to trading result from Shenzhen United Property Exchange, Shenzhen Runhe United Investment Development Co., ltd.(hereinafter referred to as Runhe) comes to the final transferee of the asset transfer with price of 286.67 million yuan deal. The deposit 30 million yuan has paid to Shenzhen United Property Exchange by Runhe. On 15 June 2018, the Company entered into a Contracts for the Transfer of State-owned Property Rights of Enterprise with Runhe, transfer 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd with 286.67 million yuan. Found more in the Notice on Progress of sale of the 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. (Notice No.: 2018-040) released on Securities Times, Hong Kong Commercial Daily and Juchao website (http://www.cninfo.com.cn). Up to the balance sheet date, the above mentioned equity transfer not yet completed . Website query index of interim report Summary of important issues Date of disclosure disclosure Found more in Notice on Sales of 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. (Notice No.: 2017-12-13 2017-095) released on Securities Times, Hong Kong Commercial Daily and Juchao Sales of 43 percent equity of Shenzhen website (http://www.cninfo.com.cn) Xinglong Machinery Mould Co., Ltd. Found more in the Notice on Progress of sale of the 43 percent equity of Shenzhen Xinglong Machinery Mould Co., Ltd. 2018-06-20 (Notice No.: 2018-040) released on Securities Times, Hong Kong Commercial Daily and Juchao website (http://www.cninfo.com.cn) Implementation progress of shares buy-back □ Applicable √ Not applicable Implementation progress of the reduction of repurchases shares by centralized bidding □ Applicable √ Not applicable III. Commitments completed in Period and those without completed till end of the Period from actual controller, shareholders, related parties, purchaser and companies □ Applicable √ Not applicable The Company has no commitments completed in Period and those without completed till end of the Period from actual controller, shareholders, related parties, purchaser and companies. IV. Predict of the business performance from January to June 2019 Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be loss or have great changes comparing with the same period of last year □ Applicable √ Not applicable 9 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 V. Securities Investment □ Applicable √ Not applicable No security investment in Period. VI. Derivative investment □ Applicable √ Not applicable No derivative investment in the Period. VII. Registration form for receiving research, communication and interview in the report period □ Applicable √ Not applicable No registration form for receiving research, communication or interview in the Period. VIII. External security against the rules □ Applicable √ Not applicable The Company has no external security against the rules in the Period. IX. Controlling shareholders' and its related party's non-business capital occupying of the listed company √Applicable □Not applicable In 10 thousand yuan Occupation Total Expected Shareholder Expected Expected Occupancy Opening amount repayment Ending repayment or related Causes mode of repayment time amount increased in amount in amount time party repayment amount the period the period (Month) Shenzhen SDG Tellus Property Managemen t Co., Ltd.-the Distribution Cash 2017 23.27 0 0 23.27 23.27 June 2019 controlling profit settlement subsidiary of Shenzhen SDG-contro lling shareholder 10 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Total 23.27 0 0 23.27 -- 23.27 -- Proportion of the ending aggregate value to assets of the latest period that 0.02% audited After transfer Shenzhen SDG Tellus Property Management Co., Ltd in line with the related Decision-making procedure transaction procedures, the receivables from the companys incomplete dividend distribution Cause of non-business funds occupying by majority shareholders that newly increased in the period and N/A their affiliated enterprises, explanation on accountability and measures to be taken by the Board Reasons for failure to pay off the non-business funds occupied as N/A planned, the accountability and measures to be taken by the Board Disclosure date of special audit opinions on fund occupation from 2019-04-02 CPA Disclosure index of special audit The “Special Audit Report on Non-business Fund Occupation of Shenzhen Tellus Holding opinions on fund occupation from Co., Ltd. And Summary Sheet of Other Related Capital Transactions” released on Juchao CPA Website (http://www.cninfo.com.cn) 11 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Section IV. Financial Statement I. Financial statement 1. Consolidate balance sheet Prepared by Shenzhen Tellus Holding Co., Ltd. 2019-03-31 In RMB Items 2019-3-31 2018-12-31 Current assets: Monetary fund 103,832,710.15 169,512,260.69 Settlement provisions Capital lent Transactional financial assets Financial assets measured by fair value and with variation reckoned into current gains/losses Derivative financial assets Note receivable and account 97,458,548.16 86,104,660.51 receivable Including: Notes receivable Accounts receivable 97,458,548.16 86,104,660.51 Account paid in advance 18,691,895.55 9,112,473.27 Insurance receivable Reinsurance receivables Contract reserve of reinsurance receivable Other account receivable 15,422,292.01 14,483,208.41 Including: Interest receivable 543,900.65 723,407.50 Dividends receivable 232,683.74 232,683.74 Buying back the sale of financial assets Inventories 9,791,059.73 12,342,854.40 Contractual assets 12 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Assets held for sale 85,017,251.77 85,017,251.77 Non-current assets maturing within one year Other current assets 373,869,475.34 332,432,494.44 Total current assets 704,083,232.71 709,005,203.49 Non-current assets: Loans and payments on behalf Debt investment Available-for-sale financial assets 10,176,617.20 10,176,617.20 Other debt investment Held-to-maturity investments Long-term receivables Long-term equity investments 229,021,637.91 224,644,766.21 Investment in other equity instrument Other non-current financial assets Investment real estate 497,507,669.66 503,922,413.70 Fixed assets 110,748,337.80 112,674,017.53 Construction in progress 18,337,636.71 12,843,571.97 Productive biological assets Oil and natural gas assets Right-of-use assets Intangible assets 50,699,398.01 51,012,282.25 Research and development costs Goodwill Long-term deferred expenses 6,085,405.66 6,304,607.22 Deferred income tax assets 24,345,351.16 24,355,086.71 Other non-current assets 3,356,964.72 3,356,964.72 Total non-current assets 950,279,018.83 949,290,327.51 Total assets 1,654,362,251.54 1,658,295,531.00 Current liabilities Short-term borrowings 144,000,000.00 143,000,000.00 Loan from central bank Capital borrowed Transactional financial liability 13 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial liability Notes payable & account payable 66,001,755.40 73,365,876.09 Accounts received in advance 10,153,494.27 15,897,763.97 Selling financial asset of repurchase Absorbing deposit and interbank deposits Agent buying and selling securities Acting underwriting securities Wage payable 25,554,758.14 25,802,670.36 Taxes payable 9,480,864.52 9,377,393.57 Other accounts payable 252,815,597.31 250,489,094.47 Including: Interest payable 57,405.37 290,215.78 Dividend payable Handling fees and commissions payable Reinsurance payable Contractual liability Liability held for sale Non-current liabilities due within one year Other current liabilities Total current liabilities 508,006,469.64 517,932,798.46 Non-current liabilities: Insurance contract reserve Long-term loans 4,000,000.00 34,934,887.55 Bonds payable Including: preferred stock Perpetual capital securities Lease liability Long-term account payable 3,920,160.36 3,920,160.36 Long term employee compensation payable Accrued liabilities 2,225,468.76 2,225,468.76 14 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities 10,145,629.12 41,080,516.67 Total liabilities 518,152,098.76 559,013,315.13 Owners equity: Share capital 297,281,600.00 297,281,600.00 Other equity instrument Including: preferred stock Perpetual capital securities Capital public reserve 565,226,274.51 565,226,274.51 Less: Inventory shares Other comprehensive income 26,422.00 26,422.00 Special reserve Surplus reserve 3,139,918.14 3,139,918.14 Provision of general risk Retained profit 202,552,941.89 184,535,322.70 Total owners equity attributable to parent 1,068,227,156.54 1,050,209,537.35 Company Minority interests 67,982,996.24 49,072,678.52 Total owners equity 1,136,210,152.78 1,099,282,215.87 Total liabilities and owners equity 1,654,362,251.54 1,658,295,531.00 Legal representative: Fu Chunlong Person in charge of accounting works: Lou Hong Person in charge of accounting organ: Liu Yuhong 2. Balance Sheet of Parent Company In RMB Items 2019-3-31 2018-12-31 Current assets: Monetary fund 64,941,224.48 88,836,626.14 Transactional financial assets Financial assets measured by fair 15 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 value and with variation reckoned into current gains/losses Derivative financial assets Note receivable and account 90,034.00 38,274.00 receivable Including: Notes receivable Accounts receivable 90,034.00 38,274.00 Account paid in advance 791,200.00 604,800.00 Other account receivable 128,385,333.91 115,782,944.37 Including: Interest receivable 543,900.65 723,407.50 Dividends receivable 232,683.74 232,683.74 Inventories Contractual assets Assets held for sale 85,017,251.77 85,017,251.77 Non-current assets maturing within one year Other current assets 207,647,509.82 195,506,958.35 Total current assets 486,872,553.98 485,786,854.63 Non-current assets: Debt investment Available-for-sale financial assets 10,176,617.20 10,176,617.20 Other debt investment Held-to-maturity investments Long-term receivables Long-term equity investments 839,292,704.17 836,283,491.38 Investment in other equity instrument Other non-current financial assets Investment real estate 41,795,301.59 44,820,151.69 Fixed assets 14,621,989.93 14,824,845.14 Construction in progress 18,327,635.71 12,843,571.97 Productive biological assets Oil and natural gas assets Right-of-use assets Intangible assets 241,601.41 249,731.94 Research and development costs 16 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Goodwill Long-term deferred expenses 2,907,156.40 2,958,817.65 Deferred income tax assets 13,820,634.09 13,830,369.64 Other non-current assets Total non-current assets 941,183,640.50 935,987,596.61 Total assets 1,428,056,194.48 1,421,774,451.24 Current liabilities Short-term borrowings 144,000,000.00 143,000,000.00 Transactional financial liability Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial liability Notes payable & account payable 14,000.00 19,800.00 Accounts received in advance 4,742.51 4,742.51 Contractual liability Wage payable 5,295,524.72 4,858,788.51 Taxes payable 522,753.58 331,909.65 Other accounts payable 391,402,503.75 392,558,990.89 Including: Interest payable 232,810.41 Dividend payable Liability held for sale Non-current liabilities due within one year Other current liabilities Total current liabilities 541,239,524.56 540,774,231.56 Non-current liabilities: Long-term loans Bonds payable Including: preferred stock Perpetual capital securities Lease liability Long-term account payable Long term employee compensation payable 17 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Accrued liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities 541,239,524.56 540,774,231.56 Owners equity: Share capital 297,281,600.00 297,281,600.00 Other equity instrument Including: preferred stock Perpetual capital securities Capital public reserve 562,032,851.23 562,032,851.23 Less: Inventory shares Other comprehensive income Special reserve Surplus reserve 3,139,918.14 3,139,918.14 Retained profit 24,362,300.55 18,545,850.31 Total owners equity 886,816,669.92 881,000,219.68 Total liabilities and owners equity 1,428,056,194.48 1,421,774,451.24 3. Consolidated Profit Statement In RMB Items Current Period Last Period I. Total operating income 119,469,426.49 92,099,937.58 Including: Operating income 119,469,426.49 92,099,937.58 Interest income Insurance gained Handling fees and commissions income II. Total operating cost 107,944,394.60 88,166,967.66 Including: Operating cost 91,086,090.40 73,096,147.54 Interest expense Handling fees and commissions expenses 18 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Cash surrender value Net amount of expense of compensation Net amount of withdrawal of insurance contract reserve Bonus expense of guarantee slip Reinsurance expense Taxes and surcharge 1,484,949.21 1,407,101.55 Sales expenses 4,727,001.63 4,077,650.70 Administration expenses 8,234,636.69 8,686,799.27 R&D expenses Financial expenses 2,411,716.67 899,268.60 Including: interest expenses 2,757,204.73 1,458,393.07 Interest income 420,047.30 635,258.41 Losses of devaluation of asset Loss of credit impairment Add: other income Investment income (Loss is listed with 6,903,486.76 11,627,612.09 “-”) Including: Investment income on 4,376,871.70 8,598,085.51 affiliated Company and joint venture Exchange income (Loss is listed with “-”) Net exposure hedging income (Loss is listed with “-”) Changing income of fair value(Loss is listed with “-”) Income on disposal of assets (Loss is listed with “-”) III. Operating profit (Loss is listed with “-”) 18,428,518.65 15,560,582.01 Add: Non-operating income 9,117.56 3,224.73 Less: Non-operating expense 833,300.00 48,499.38 IV. Total Profit (Loss is listed with “-”) 17,604,336.21 15,515,307.36 Less: Income tax 676,399.30 324,626.80 V. Net profit (Net loss is listed with “-”) 16,927,936.91 15,190,680.56 (i) Classify by business continuity 19 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 1.continuous operating net profit (net loss 16,927,936.91 15,190,680.56 listed with -”) 2.termination of net profit (net loss listed with -”) (ii) Classify by ownership 1.Net profit attributable to owners of parent 18,017,619.19 16,101,533.51 company 2.Minority shareholders gains and losses -1,089,682.28 -910,852.95 VI. Net after-tax of other comprehensive income Net after-tax of other comprehensive income attributable to owners of parent company (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss 1.Changes of the defined benefit plans that re-measured 2.Other comprehensive income under equity method that cannot be transfer to gain/loss 3.Change of fair value of investment in other equity instrument 4.Fair value change of enterprise's credit risk 5. Other (II) Other comprehensive income items which will be reclassified subsequently to profit or loss 1.Other comprehensive income under equity method that can transfer to gain/loss 2.Change of fair value of other debt investment 3.gain/loss of fair value changes for available-for-sale financial assets 4.Amount of financial assets re-classify to other comprehensive income 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset 20 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 6.Credit impairment provision for other debt investment 7.Cash flow hedging reserve 8.Translation differences arising on translation of foreign currency financial statements 9.Other Net after-tax of other comprehensive income attributable to minority shareholders VII. Total comprehensive income 16,927,936.91 15,190,680.56 Total comprehensive income attributable 18,017,619.19 16,101,533.51 to owners of parent Company Total comprehensive income attributable to -1,089,682.28 -910,852.95 minority shareholders VIII. Earnings per share: (i) Basic earnings per share 0.0606 0.0542 (ii) Diluted earnings per share 0.0606 0.0542 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party Legal representative: Fu Chunlong Person in charge of accounting works: Lou Hong Person in charge of accounting organ: Liu Yuhong 4. Profit Statement of Parent Company In RMB Items Current Period Last Period I. Operating income 8,555,059.13 8,804,007.79 Less: Operating cost 904,977.87 947,272.21 Taxes and surcharge 353,268.76 354,111.33 Sales expenses Administration expenses 4,340,757.76 4,023,652.43 R&D expenses Financial expenses 1,472,367.49 825,550.55 Including: interest 1,703,642.32 1,324,833.32 21 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 expenses Interest income 233,845.22 504,406.76 Losses of devaluation of asset Loss of credit impairment Add: other income Investment income (Loss is 4,342,056.64 9,749,183.55 listed with “-”) Including: Investment income 3,009,212.79 8,241,498.62 on affiliated Company and joint venture Net exposure hedging income (Loss is listed with “-”) Changing income of fair value(Loss is listed with “-”) Income on disposal of assets (Loss is listed with “-”) II. Operating profit (Loss is listed with 5,825,743.89 12,402,604.82 “-”) Add: Non-operating income 441.90 3,085.00 Less: Non-operating expense III. Total Profit (Loss is listed with “-”) 5,826,185.79 12,405,689.82 Less: Income tax 9,735.55 9,735.55 IV. Net profit (Net loss is listed with 5,816,450.24 12,395,954.27 “-”) (i)continuous operating net profit 5,816,450.24 12,395,954.27 (net loss listed with -”) (ii) termination of net profit (net loss 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 22 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 investment in other equity instrument 4.Fair value change of enterprise's credit risk 5. Other (II) Other comprehensive income items which will be reclassified subsequently to profit or loss 1.Other comprehensive income under equity method that can transfer to gain/loss 2.Change of fair value of other debt investment 3.gain/loss of fair value changes for available-for-sale financial assets 4.Amount of financial assets re-classify to other comprehensive income 5.Gain/loss of held-to-maturity investments that re-classify to available-for-sale financial asset 6.Credit impairment provision for other debt investment 7.Cash flow hedging reserve 8.Translation differences arising on translation of foreign currency financial statements 9.Other VI. Total comprehensive income 5,816,450.24 12,395,954.27 VII. Earnings per share: (i) Basic earnings per share 0.0196 0.0417 (ii) Diluted earnings per share 0.0196 0.0417 5. Consolidated Cash Flow Statement In RMB Items Current Period Last Period 23 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 I. Cash flows arising from operating activities: Cash received from selling commodities and providing labor 108,587,946.31 84,345,978.53 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 Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses Cash received from interest, commission charge and commission Net increase of capital borrowed Net increase of returned business capital Net cash received by agents in sale and purchase of securities Write-back of tax received Other cash received concerning 25,600,115.48 4,296,513.52 operating activities Subtotal of cash inflow arising from 134,188,061.79 88,642,492.05 operating activities Cash paid for purchasing commodities and receiving labor 84,612,348.69 69,547,948.92 service Net increase of customer loans and advances Net increase of deposits in central 24 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 bank and interbank Cash paid for original insurance contract compensation Net increase of financial assets held for transaction purposes Net increase of capital lent Cash paid for interest, commission charge and commission Cash paid for bonus of guarantee slip Cash paid to/for staff and workers 13,976,594.06 13,117,446.20 Taxes paid 4,455,784.64 5,538,927.09 Other cash paid concerning 28,156,466.17 8,743,804.28 operating activities Subtotal of cash outflow arising from 131,201,193.56 96,948,126.49 operating activities Net cash flows arising from operating 2,986,868.23 -8,305,634.44 activities II. Cash flows arising from investing activities: Cash received from recovering 385,750,000.00 195,400,000.00 investment Cash received from investment 2,709,631.66 2,100,322.43 income Net cash received from disposal of fixed, intangible and other long-term assets Net cash received from disposal of 1,504,125.26 subsidiaries and other units Other cash received concerning investing activities Subtotal of cash inflow from investing 388,459,631.66 199,004,447.69 activities Cash paid for purchasing fixed, 16,588,411.61 9,559,753.28 intangible and other long-term assets Cash paid for investment 427,700,000.00 194,300,000.00 Net increase of mortgaged loans Net cash received from 25 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 subsidiaries and other units obtained Other cash paid concerning investing activities Subtotal of cash outflow from investing 444,288,411.61 203,859,753.28 activities Net cash flows arising from investing -55,828,779.95 -4,855,305.59 activities III. Cash flows arising from financing activities Cash received from absorbing 20,000,000.00 investment Including: Cash received from absorbing minority shareholders investment by subsidiaries Cash received from loans 58,000,000.00 1,200,000.00 Cash received from issuing bonds Other cash received concerning financing activities Subtotal of cash inflow from financing 78,000,000.00 1,200,000.00 activities Cash paid for settling debts 87,934,887.55 3,665,112.45 Cash paid for dividend and profit 2,902,751.27 2,061,561.38 distributing or interest paying Including: Dividend and profit of minority shareholder paid by subsidiaries Other cash paid concerning financing activities Subtotal of cash outflow from 90,837,638.82 5,726,673.83 financing activities Net cash flows arising from financing -12,837,638.82 -4,526,673.83 activities IV. Influence on cash and cash equivalents due to fluctuation in exchange rate V. Net increase of cash and cash -65,679,550.54 -17,687,613.86 equivalents Add: Balance of cash and cash 142,848,120.69 161,793,218.56 equivalents at the period -begin 26 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 VI. Balance of cash and cash 77,168,570.15 144,105,604.70 equivalents at the period -end 6. Cash Flow Statement of Parent Company In RMB Items Current Period Last Period I. Cash flows arising from operating activities: Cash received from selling commodities and providing labor 3,079,519.00 10,410,481.00 services Write-back of tax received Other cash received concerning 292,450.85 1,390,790.70 operating activities Subtotal of cash inflow arising from 3,371,969.85 11,801,271.70 operating activities Cash paid for purchasing commodities and receiving labor service Cash paid to/for staff and workers 3,994,426.10 4,087,113.14 Taxes paid 597,098.64 636,407.02 Other cash paid concerning 7,855,272.11 7,129,970.63 operating activities Subtotal of cash outflow arising from 12,446,796.85 11,853,490.79 operating activities Net cash flows arising from operating -9,074,827.00 -52,219.09 activities II. Cash flows arising from investing activities: Cash received from recovering 211,000,000.00 174,000,000.00 investment Cash received from investment 1,512,350.70 1,886,129.56 income Net cash received from disposal of fixed, intangible and other long-term assets Net cash received from disposal of subsidiaries and other units 27 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Other cash received concerning investing activities Subtotal of cash inflow from investing 212,512,350.70 175,886,129.56 activities Cash paid for purchasing fixed, 3,396,472.63 1,378,282.33 intangible and other long-term assets Cash paid for investment 223,000,000.00 189,974,000.00 Net cash received from subsidiaries and other units obtained Other cash paid concerning investing activities Subtotal of cash outflow from investing 226,396,472.63 191,352,282.33 activities Net cash flows arising from investing -13,884,121.93 -15,466,152.77 activities III. Cash flows arising from financing activities Cash received from absorbing investment Cash received from loans 43,000,000.00 Cash received from issuing bonds Other cash received concerning financing activities Subtotal of cash inflow from financing 43,000,000.00 activities Cash paid for settling debts 42,000,000.00 Cash paid for dividend and profit 1,936,452.73 1,490,437.48 distributing or interest paying Other cash paid concerning financing activities Subtotal of cash outflow from 43,936,452.73 1,490,437.48 financing activities Net cash flows arising from financing -936,452.73 -1,490,437.48 activities IV. Influence on cash and cash equivalents due to fluctuation in exchange rate V. Net increase of cash and cash -23,895,401.66 -17,008,809.34 28 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 equivalents Add: Balance of cash and cash 62,172,486.14 97,991,738.05 equivalents at the period -begin VI. Balance of cash and cash 38,277,084.48 80,982,928.71 equivalents at the period -end II. Explanation on financial statement adjustment 1. Financial statement adjustment at the beginning of the first year when implementation of new financial instrument rules, new revenue rules and new leasing rules √ Applicable □Not applicable Consolidate balance sheet In RMB Items 2018-12-31 2019-1-1 Adjustment Current assets: Monetary fund 169,512,260.69 169,512,260.69 Note receivable and 86,104,660.51 86,104,660.51 account receivable Accounts 86,104,660.51 86,104,660.51 receivable Account paid in advance 9,112,473.27 9,112,473.27 Other account 14,483,208.41 14,483,208.41 receivable Including: Interest 723,407.50 723,407.50 receivable Dividend 232,683.74 232,683.74 Receivable Inventories 12,342,854.40 12,342,854.40 Assets held for sale 85,017,251.77 85,017,251.77 Other current assets 332,432,494.44 332,432,494.44 Total current assets 709,005,203.49 709,005,203.49 Non-current assets: Available-for-sale 10,176,617.20 Not applicable -10,176,617.20 financial assets Long-term equity 224,644,766.21 224,644,766.21 investments Other equity instruments Not applicable 10,176,617.20 10,176,617.20 29 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 investments Investment real estate 503,922,413.70 503,922,413.70 Fixed assets 112,674,017.53 112,674,017.53 Construction in progress 12,843,571.97 12,843,571.97 Intangible assets 51,012,282.25 51,012,282.25 Long-term deferred 6,304,607.22 6,304,607.22 expenses Deferred income tax 24,355,086.71 24,355,086.71 assets Other non-current assets 3,356,964.72 3,356,964.72 Total non-current assets 949,290,327.51 949,290,327.51 Total assets 1,658,295,531.00 1,658,295,531.00 Current liabilities Short-term borrowings 143,000,000.00 143,000,000.00 Notes payable & 73,365,876.09 73,365,876.09 account payable Accounts received in 15,897,763.97 15,897,763.97 advance Wage payable 25,802,670.36 25,802,670.36 Taxes payable 9,377,393.57 9,377,393.57 Other accounts payable 250,489,094.47 250,489,094.47 Including: Interest 290,215.78 290,215.78 payable Total current liabilities 517,932,798.46 517,932,798.46 Non-current liabilities: Long-term loans 34,934,887.55 34,934,887.55 Long-term account 3,920,160.36 3,920,160.36 payable Expected liabilities 2,225,468.76 2,225,468.76 Total non-current liabilities 41,080,516.67 41,080,516.67 Total liabilities 559,013,315.13 559,013,315.13 Owners equity: Share capital 297,281,600.00 297,281,600.00 Capital public reserve 565,226,274.51 565,226,274.51 Other comprehensive 26,422.00 26,422.00 income 30 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 Surplus public reserve 3,139,918.14 3,139,918.14 Retained profit 184,535,322.70 184,535,322.70 Total owners equity attributable to parent 1,050,209,537.35 1,050,209,537.35 company Minority interests 49,072,678.52 49,072,678.52 Total owners equity 1,099,282,215.87 1,099,282,215.87 Total liabilities and owners 1,658,295,531.00 1,658,295,531.00 equity Statement of adjustment On 31 March 2017, Ministry of Finance revised the “Accounting Standards for Business Enterprise No.22-Recognition and Measurement of Financial Instruments”, “Accounting Standards for Business Enterprise No.23-Transfer of Financial Assets”, “Accounting Standards for Business Enterprise No.24-Hedge Accounting” and “Accounting Standards for Business Enterprise No.37-Presentation of Financial Instruments”, and requires the listed companies listed separately in China to implemented the above mentioned Standards since 1 Jan. 2019. According to the regulation of new financial standards, the “Financial assets available for sale” will re-classify to “Financial assets measured by fair value and with its variation reckoned into other comprehensive income”, and adjusted the “Financial assets available for sale” carried in balance sheet of beginning of 2019 pursuit to the presentation requirement. Balance Sheet of Parent Company In RMB Item 2018-12-31 2019-1-1 Adjustment Current assets: Monetary fund 88,836,626.14 88,836,626.14 Note receivable and 38,274.00 38,274.00 account receivable Accounts 38,274.00 38,274.00 receivable Account paid in advance 604,800.00 604,800.00 Other account 115,782,944.37 115,782,944.37 receivable Including: Interest 723,407.50 723,407.50 receivable Dividend 232,683.74 232,683.74 Receivable Assets held for sale 85,017,251.77 85,017,251.77 Other current assets 195,506,958.35 195,506,958.35 Total current assets 485,786,854.63 485,786,854.63 Non-current assets: Available-for-sale 10,176,617.20 Not applicable -10,176,617.20 31 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 financial assets Long-term equity 836,283,491.38 836,283,491.38 investments Other equity instruments Not applicable 10,176,617.20 10,176,617.20 investments Investment real estate 44,820,151.69 44,820,151.69 Fixed assets 14,824,845.14 14,824,845.14 Construction in progress 12,843,571.97 12,843,571.97 Intangible assets 249,731.94 249,731.94 Long-term deferred 2,958,817.65 2,958,817.65 expenses Deferred income tax 13,830,369.64 13,830,369.64 assets Total non-current assets 935,987,596.61 935,987,596.61 Total assets 1,421,774,451.24 1,421,774,451.24 Current liabilities Short-term borrowings 143,000,000.00 143,000,000.00 Notes payable & 19,800.00 19,800.00 account payable Accounts received in 4,742.51 4,742.51 advance Wage payable 4,858,788.51 4,858,788.51 Taxes payable 331,909.65 331,909.65 Other accounts payable 392,558,990.89 392,558,990.89 Including: Interest 232,810.41 232,810.41 payable Total current liabilities 540,774,231.56 540,774,231.56 Non-current liabilities: Total liabilities 540,774,231.56 540,774,231.56 Owners equity: Share capital 297,281,600.00 297,281,600.00 Capital public reserve 562,032,851.23 562,032,851.23 Surplus reserve 3,139,918.14 3,139,918.14 Retained profit 18,545,850.31 18,545,850.31 Total owners equity 881,000,219.68 881,000,219.68 Total liabilities and owners 1,421,774,451.24 1,421,774,451.24 32 深圳市特力(集团)股份有限公司 2019 年第一季度报告全文 equity Statement of adjustment On 31 March 2017, Ministry of Finance revised the “Accounting Standards for Business Enterprise No.22-Recognition and Measurement of Financial Instruments”, “Accounting Standards for Business Enterprise No.23-Transfer of Financial Assets”, “Accounting Standards for Business Enterprise No.24-Hedge Accounting” and “Accounting Standards for Business Enterprise No.37-Presentation of Financial Instruments”, and requires the listed companies listed separately in China to implemented the above mentioned Standards since 1 Jan. 2019. According to the regulation of new financial standards, the “Financial assets available for sale” will re-classify to “Financial assets measured by fair value and with its variation reckoned into other comprehensive income”, and adjusted the “Financial assets available for sale” carried in balance sheet of beginning of 2019 pursuit to the presentation requirement. 2. Retrospective adjustment of the comparative data for initial implementation of new financial instrument rules and new leasing rules □Applicable √Not applicable III. Audit report Whether the 1st quarterly report has been audited or not □Yes √ No The 1st quarterly report of the Company was unaudited. 33