Joyoung Co.,Ltd. Third Quarterly Report
Ticker: 002242 Stock Abbreviation:
Joyoung
Joyoung Co., Ltd.
Interim Report of the Third Quarter 2021
The Company and all members of the Board of Directors have guaranteed that the information disclosed is true,
accurate and complete, and contains no false record, misleading statements or material omissions.
Important notes:
Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior
management staff of Joyoung Co., Ltd. (hereinafter referred to as the “Company”) have guaranteed that this
Report contains no false record, misleading statement or material omission and shall be jointly and severally
liable for the factuality, accuracy and completeness of the information given in this Report.
CEO of the Company, CFO of the Company, and Chief Accountant of Accounting Institution, declared
that the quarterly financial statements should be true, accurate and complete.
In case of any discrepancy, the Chinese version of the report shall prevail.
Whether the third quarterly report was audited
□ Yes √ No
I. Key Accounting Data and Financial Indicators
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data
□ Yes √ No
From 1 January
From 1 July 2021 to
YoY Change 2021 to 30 YoY Change
30 September 2021
September 2021
Operating revenue (RMB) 2,288,421,316.19 -9.35% 7,031,953,663.00 -0.72%
Net Profit attributable to shareholders of the Company
211,704,401.73 -6.42% 663,158,912.96 2.98%
(RMB)
Net profit attributable to shareholders of the Company
197,518,780.25 -5.51% 546,476,352.91 -9.24%
before non-recurring gains and losses (RMB)
Net cash flows from operating activities (RMB) —— —— -459,813,538.33 -154.97%
Basic earnings per share (RMB / share) 0.29 -3.33% 0.87 3.57%
Diluted earnings per share (RMB / share) 0.28 -6.67% 0.86 2.38%
Decreased by 1.78 Decreased by 2.17
Weighted average return on net assets 4.07% 14.37%
percent point percent point
30 Sep. 2021 30 Sep. 2020 Flux
Total assets (RMB) 7,580,907,506.60 9,134,826,691.51 -17.01%
Net assets attributable to shareholders of the
4,184,856,332.93 4,283,761,519.10 -2.31%
Company (RMB)
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Joyoung Co.,Ltd. Third Quarterly Report
2. Non-recurring gain and loss items and amounts thereof
Unit: RMB
From 1 July 2021 to 30 From 1 January 2021 to 30
Item Note
September 2021 September 2021
Profit or loss from disposal of non-current assets (including the write
-196,760.88 6,909,911.46
off of the provision for impairment of assets)
Government grants included in the current profit or loss (that is
closely related to the operations of the Company, except for those
6,235,526.81 76,490,396.77
of fixed quotas or amounts according to the nationally unified
standards)
Gains or losses from changes in fair value arising from the holding
of trading financial assets, derivative financial assets, trading
financial liabilities and derivative financial liabilities and investment
income from the disposal of trading financial assets, derivative
4,075,069.67 49,056,454.34
financial assets, trading financial liabilities, derivative financial
liabilities and other debt investments, excluding the effective
hedging business related to the Company’s normal business
operations
Other non-operating income or expenses except the above items 8,415,960.69 15,653,453.58
Less: Impact of income taxes 4,390,330.59 31,147,097.33
Impact of minority interests (after tax) -46,155.78 280,558.77
Total 14,185,621.48 116,682,560.05 --
Details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
For non-recurring profit or loss items listed in the Interpretative Announcement on Information Disclosure of Companies Offering
Securities to the Public No. 1 — Non-recurring Profit or Loss that have been defined as recurring profit or loss items by the Company,
please provide the reasons
□ Applicable √ Not applicable
3. Changes in key accounting data and financial indicators and reasons for such changes
Unit: RMB
Item 30 September 31 December Flux Notes
2021 2021
Trading financial assets 543,268,397.23 1,246,680,033.61 -56.42% Mainly due to redemption of wealth management products
at the end of the period
Notes receivable 1,256,645,555.26 1,895,450,516.93 -33.70% Mainly due to the decrease in notes collections in the
current period
Accounts receivable 776,781,891.28 212,481,359.50 265.58% Mainly due to the increase in receivables from JS Global
Trading HK Limited, which have not yet reached their due
dates
Receivables financing 446,551,564.74 758,694,902.66 -41.14% Mainly due to the endorsement of notes receivable in the
period-end
Prepaid expense 83,769,484.63 16,243,257.44 415.72% Mainly due to the increase in raw materials and the increase
in the amount of locking in raw material prices during the
period
Other receivables 92,928,264.62 168,782,890.42 -44.94% Mainly due to the recovery of plant and compensation for
land resumption during the period
Construction in progress 54,270,244.98 11,012,005.02 392.83% Mainly due to the new industrial factory project in the current
period
Long-term deferred expense 9,392,145.74 4,273,916.45 119.76% Mainly due to the increase in advertising and promotion
expenses in the current period
Notes payable 1,601,309,031.91 1,227,524,091.85 30.45% Mainly due to the higher use of notes for settlement in the
period
Accounts payable 1,145,891,369.68 2,445,262,708.10 -53.14% Mainly due to the higher use of prepaid expense for
2
Joyoung Co.,Ltd. Third Quarterly Report
settlement in the period
Unearned revenue 1,301,873.47 -100.00% Mainly due to the decrease in rent received in advance
during the period
Contract liability 308,062,516.01 568,863,419.80 -45.85% Mainly due to the decrease in advance receipts in the
current period
Payroll payable 30,423,598.12 239,440,390.99 -87.29% Mainly due to bonus payment at the beginning of the period
Other payables 79,796,888.57 143,383,890.67 -44.35% Mainly due to the decrease in accrued unpaid expenses in
the current period
Right-of-use asset 48,035,043.99 This is mainly due to the recognition of right-of-use assets
Lease liability 22,035,656.08 and lease liabilities as a result of the implementation of the
new leasing standards in the current period
Current portion of non-current 29,151,811.52
liabilities
Other current liabilities 40,048,127.08 72,741,689.90 -44.94% Mainly due to decrease in contract liabilities and related stay
- recognition tax
Minority interests -6,525,688.24 -1,269,760.66 -413.93% Mainly due to the loss of SharkNinja (China) in the current
period
Item From 1 January From 1 January YoY Note
2021 to 30 2021 to 30
September 2021 September 2020
Taxes and surcharges 27,956,551.98 40,944,630.40 -31.72% Mainly due to the decrease in city construction tax and
education surcharge
Financial expense -20,735,319.66 -13,260,474.11 -56.37% Mainly due to the increase in interest income
Other income 76,730,424.69 26,604,473.22 188.41% Mainly due to the increase in government subsidies in the
current period
Investment income 53,838,899.20 20,982,567.45 156.59% Mainly due to the increase in income from long-term
investments and wealth management investments in the
current period
Gains/(Losses) on changes in fair 13,058,790.16 -9,828,547.70 232.87% Mainly due to the increase in the fair value of the fund
value during the period
Credit impairment losses -12,732,405.68 -20,628,705.62 38.28% Mainly due to the decrease in bad debts from other
receivable during the period
Asset impairment losses -9,619,182.89 -5,061,750.94 -90.04% Mainly due to the increase in bad debts of prepaid expense
Non-operating income 14,731,647.50 4,007,813.38 267.57% Mainly due to the receipt of compensation income during the
period
Non-operating expense 10,318,936.96 5,607,292.43 84.03% Mainly due to the increase in donation expenses in the
current period
Net cash flows from operating -459,813,538.33 836,525,901.98 -154.97% Mainly due to the payment for raw materials in the current
activities period
Cash received from returns on 10,851,423.00 3,500,000.00 210.04% Mainly due to the increase in cash received from the
investments disposal of associates during the period
Net cash received from disposal 150,940,690.59 28,432,063.55 430.88% Mainly due to the recovery of the prior period's disposal of
of fixed assets, intangible assets the South Plant in the current period
and other long-term assets
Cash paid to acquire fixed assets, 69,179,022.89 52,198,209.64 32.53% Mainly due to the addition of construction in progress during
intangible assets and other the period
long-term assets
Cash paid to acquire investments 23,540,303.16 15,202,789.49 54.84% Mainly due to the increase in the purchase of equity
instruments and financial instruments during the period
Cash paid relating to other 2,276,500,000.00 3,303,300,000.00 -31.08% Mainly due to the decrease in wealth management product
investing activities purchases in the current period
Cash received relating to other 25,520.00 829,053,052.04 -100.00% Mainly due to the decrease in financing bank acceptance
financing activities bills received during the period
Sub-total of cash inflows from 24,525,520.00 853,553,052.04 -97.13% Mainly due to the decrease in financing bank acceptance
financing activities bills received during the period
Cash payments for interest 767,017,000.00 444,917,420.00 72.40% Mainly due to the increase in dividend distribution for the
expenses and distribution of period
dividends or profits
Cash payments relating to other 50,136,000.00 360,038,000.00 -86.07% Mainly due to the decrease in payment of financing bank
financing activities acceptance bills in the period
Net cash flows from financing -792,627,480.00 48,597,632.04 -1731.00% Mainly due to the decrease in payment of financing bank
activities acceptance bills in the period
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Joyoung Co.,Ltd. Third Quarterly Report
II. Shareholder Information
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the period-end
Unit: share
Total number of preferred
Total number of common shareholders at the end of the shareholders with resumed voting
38,916 0
Reporting Period rights at the end of the Reporting
Period (if any)
Top 10 common shareholders
Total shares Number of Pledged or frozen shares
Nature of Shareholding
Name of shareholder held at the restricted
shareholder percentage Status Number
period-end shares held
Domestic
Shanghai Lihong Enterprise
non-state-owned 50.13% 384,523,746 Pledged 307,618,897
Management Limited
corporation
BILTING DEVELOPMENTS LIMITED Foreign corporation 16.94% 129,924,090
Hong Kong Securities Clearing Co.,
Foreign corporation 11.80% 90,515,456
Ltd.
State-owned
Central Huijin Investment Ltd. 1.49% 11,442,633
corporation
Basic Pension Insurance Fund Portfolio
Others 1.40% 10,721,435
No. 1001
China Merchants Bank-Rosefinch
Industry Best Choice Hybrid Securities Others 0.57% 4,391,600
Investment Fund
China Merchants Bank-Zhuque
Rosefinch One-Year Holding Hybrid Others 0.56% 4,263,006
Securities Investment Fund
Rosefinch Fund-Shaanxi Coal Industry
Company Limited-Shaanxi Coal
Others 0.40% 3,032,307
Rosefinch New Economy Industry
Single Asset Management Plan
GF Securities-Rosefinch Corporate
Others 0.38% 2,882,320
Preferred Equity Fund
Bank of Korea- Equity Fund Foreign corporation 0.30% 2,336,500
Top 10 non-restricted common shareholders
Type of shares
Name of shareholder Number of non-restricted shares held
Type of shares Number
Shanghai Lihong Enterprise Management Limited 384,523,746 RMB common stock 384,523,746
BILTING DEVELOPMENTS LIMITED 129,924,090 RMB common stock 129,924,090
Hong Kong Securities Clearing Co., Ltd. 90,515,456 RMB common stock 90,515,456
Central Huijin Investment Ltd. 11,442,633 RMB common stock 11,442,633
Basic Pension Insurance Fund Portfolio No. 1001 10,721,435 RMB common stock 10,721,435
China Merchants Bank-Rosefinch Industry Best Choice
4,391,600 RMB common stock 4,391,600
Hybrid Securities Investment Fund
China Merchants Bank-Zhuque Rosefinch One-Year Holding
4,263,006 RMB common stock 4,263,006
Hybrid Securities Investment Fund
Rosefinch Fund-Shaanxi Coal Industry Company
Limited-Shaanxi Coal Rosefinch New Economy Industry 3,032,307 RMB common stock 3,032,307
Single Asset Management Plan
GF Securities-Rosefinch Corporate Preferred Equity Fund 2,882,320 RMB common stock 2,882,320
Bank of Korea- Equity Fund 2,336,500 RMB common stock 2,336,500
Related or acting-in-concert parties among shareholders In April 2019, the shareholding structure of Bilting Developments Limited
4
Joyoung Co.,Ltd. Third Quarterly Report
above changed. MR. Xuning WANG, the controlling shareholder of the Company, became
the controlling shareholder of Bilting Developments Limited (See Report No.
2019-027 of the Company on www.chinainfo.com.cn.). As a result, Shanghai
Lihong Enterprise Management Co., Ltd. and Bilting Developments Limited, both
controlled by Mr. Xuning WANG, are defined as acting-in-concert parties by the
Administrative Measures for the Takeover of Listed Companies.
Other than the aforementioned related and acting-in-concert parties, the
Company is uncertain about whether there are related or acting-in-concert parties
among shareholders above.
Explanation on the top 10 common shareholders participating
N/A
in securities margin trading (if any)
2.Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings
□ Applicable √ Not applicable
III. Other Significant Events
□ Applicable √ Not applicable
VI. Quarterly Financial Statements
1. Financial Statements
1.1 Consolidated Balance Sheet
Prepared by: Joyoung Co., Ltd.
Unit: RMB
Item 30 September 2021 31 December 2021
Current assets:
Cash at bank and on hand 1,555,751,114.72 1,961,209,198.52
Deposit reservation for balance
Lending funds
Trading financial expense 543,268,397.23 1,246,680,033.61
Derivative financial assets
Notes receivable 1,256,645,555.26 1,895,450,516.93
Accounts receivable 776,781,891.28 212,481,359.50
Receivables financing 446,551,564.74 758,694,902.66
Prepaid expense 83,769,484.63 16,243,257.44
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 92,928,264.62 168,782,890.42
Including: interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 778,146,716.56 944,928,730.94
Contract assets
Holding assets for sale
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Joyoung Co.,Ltd. Third Quarterly Report
Item 30 September 2021 31 December 2021
Current portion of non-current liabilities
Other current assets 122,244,513.68 95,244,781.09
Total current assets 5,656,087,502.72 7,299,715,671.11
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables 20,627,825.00 23,550,500.00
Long-term equity investments 193,081,224.56 182,672,045.70
Investments in other equity instruments 282,552,082.98 261,574,880.56
Other non-current financial assets 370,180,059.85 354,580,966.53
Investment properties 95,652,730.16 91,011,579.14
Fixed assets 604,782,694.56 646,310,542.44
Construction in progress 54,270,244.98 11,012,005.02
Productive biological asset
Oil and gas assets
Right-of-use assets 48,035,043.99
Intangible assets 122,529,879.92 124,865,929.90
Development expenditures
Goodwill
Long-term prepaid expenses 9,392,145.74 4,273,916.45
Deferred tax assets 58,716,072.14 70,258,654.66
Other non-current assets 65,000,000.00 65,000,000.00
Total non-current assets 1,924,820,003.88 1,835,111,020.40
TOTAL ASSETS 7,580,907,506.60 9,134,826,691.51
Current liabilities:
Short-term borrowings
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liability
Notes payable 1,601,309,031.91 1,227,524,091.85
Accounts payable 1,145,891,369.68 2,445,262,708.10
Unearned revenue 1,301,873.47
Contract liabilities 308,062,516.01 568,863,419.80
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 30,423,598.12 239,440,390.99
Tax payable 91,458,330.05 101,144,277.49
Other payables 79,796,888.57 143,383,890.67
Including: Interest payable
Dividend payable
Handling fees and commissions payable
Dividend payable for reinsurance
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Joyoung Co.,Ltd. Third Quarterly Report
Item 30 September 2021 31 December 2021
Holding liabilities for sale
Current portion of non-current liabilities 29,151,811.52
Other current liabilities 40,048,127.08 72,741,689.90
Total current liabilities 3,326,141,672.94 4,799,662,342.27
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 22,035,656.08
Long-term payables
Long-term payroll payable
Accrued liabilities
Deferred income 1,369,375.06 1,570,000.00
Deferred tax liabilities 53,030,157.83 51,102,590.80
Other non-current liabilities
Total non-current liabilities 76,435,188.97 52,672,590.80
Total liabilities 3,402,576,861.91 4,852,334,933.07
Shareholders’ equity
Share capital 767,033,000.00 767,169,000.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital surplus 942,348,540.87 933,782,862.84
Less: Treasury stock
Other comprehensive income 20,606,021.56 21,584,865.16
Special reserve
Surplus reserve 397,820,873.71 397,820,873.71
General risk reserve
Undistributed profits 2,057,047,896.79 2,163,403,917.39
Total equity attributable to shareholders of the Company 4,184,856,332.93 4,283,761,519.10
Minority interests -6,525,688.24 -1,269,760.66
Total shareholders’ equity 4,178,330,644.69 4,282,491,758.44
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,580,907,506.60 9,134,826,691.51
Legal representative: Ningning Yang Principal in charge of accounting: Jiantiao Qiu Head of accounting department: Wen
Guo
1.2 CONSOLIDATED INCOME STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021
Unit: RMB
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
Total revenue 7,031,953,663.00 7,082,944,404.29
Including: Operating revenue 7,031,953,663.00 7,082,944,404.29
Interest income
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Joyoung Co.,Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
Earned Premium
Handling fees and commission income
Total operating cost 6,428,336,085.06 6,354,338,648.43
Including: Cost of sales 4,927,257,842.45 4,880,330,624.02
Interest expense
Handling fees and commission expenses
Surrender value
Net payments for insurance claims
Net provision for insurance liability
Bond insurance expense
Amortized Reinsurance Expenditures
Taxes and surcharges 27,956,551.98 40,944,630.40
Selling and distribution expenses 1,036,712,663.47 990,575,154.88
General and administrative expenses 230,586,637.26 237,210,831.38
Research and development expenses 226,557,709.56 218,537,881.86
Financial income -20,735,319.66 -13,260,474.11
Including: Interest expenses 1,506,250.07
Interest income 26,332,788.86 24,919,428.33
Add: Other income 76,730,424.69 26,604,473.22
Investment income/(loss) 53,838,899.20 20,982,567.45
Including: Investment income from associates and joint ventures 10,764,226.72 2,233,431.23
Including: Profits or losses arising from derecognition of financial
assets measured at amortized costs
Foreign exchange gains/(losses)
Net exposure to hedging gains/(losses)
Gains/(Losses) on changes in fair value 13,058,790.16 -9,828,547.70
Credit impairment losses -12,732,405.68 -20,628,705.62
Asset impairment losses -9,619,182.89 -5,061,750.94
Losses on disposal of assets 183,434.85 161,334.61
Operating profit 725,077,538.27 740,835,126.88
Add: Non-operating income 14,731,647.50 4,007,813.38
Less: Non-operating expenses 10,318,936.96 5,607,292.43
Total profit 729,490,248.81 739,235,647.83
Less: Income tax expenses 95,219,286.13 102,953,462.58
Net Profit 634,270,962.68 636,282,185.25
(1) Classified by continuity of operations
Net profit from continuing operations 634,270,962.68 636,282,185.25
Net profit from discontinued operations
(2) Classified by ownership of the equity
Attributable to shareholders of the Company 663,158,912.96 643,988,210.04
Minority interests -28,887,950.28 -7,706,024.79
Other comprehensive income, net of tax -978,843.60 5,457,275.76
Other comprehensive income attributable to equity owners of the Company, net
-978,843.60 5,457,275.76
of tax
(1) Other comprehensive income items which will not be reclassified
-119,546.60 -4,469,398.03
subsequently to profit or loss
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Joyoung Co.,Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
1) Changes arising from remeasurement of defined benefit plan
2) Other comprehensive income that cannot be transferred to profit or
loss under the equity method
3) Changes in fair value of investments in other equity instruments -119,546.60 -4,469,398.03
4) Changes in fair value of an enterprise's own credit risk
5) Others
(2) Other comprehensive income items which will be reclassified
-859,297.00 9,926,673.79
subsequently to profit or loss
1) Other comprehensive income available for transfer to profit or loss
under the equity method
2) Changes in fair value of other debt investments
3) Reclassification of financial assets to other comprehensive income
4) Provision for credit impairment of other debt investments
5) Cash flow hedge reserve
Differences on translation of foreign currency financial statements -859,297.00 9,926,673.79
Others
Other comprehensive income attributable to minority shareholders, net of tax
Total comprehensive income 633,292,119.08 641,739,461.01
Attributable to equity owners of the Company 662,180,069.36 649,445,485.80
Attributable to minority interests -28,887,950.28 -7,706,024.79
Earnings per share:
(1) Basic earnings per share 0.87 0.84
(2) Diluted earnings per share 0.86 0.84
In the case of a business combination under the same control in the current period, the net income realized by the party being consolidated before
the combination was: $0.00, and the net income realized by the party being consolidated in the previous period was: $0.00.
Legal representative: Ningning Yang Principal in charge of accounting: Jiantiao Qiu Head of accounting department: Wen
Guo
1.3 CONSOLIDATED CASH FLOW STATEMENTS
Unit: RMB
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 7,968,153,431.84 8,020,841,116.05
Net increase in customer deposits and deposits from banks and other
financial institutions
Net decrease in deposits with the Central Bank
Net decrease in deposits with other financial institutions
Cash received from premiums of original insurance contracts
Net cash received from reinsurance operations
Net increase in policyholders' savings and investment funds
Cash received from interest, fee and commission
Net increase in borrowed funds
Net increase in funds for repurchase operations
Net cash received from agency purchases and sales of securities
Refund of taxes and surcharges 40,000,000.00
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Joyoung Co.,Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
Cash received relating to other operating activities 182,723,928.83 193,095,668.08
Sub-total of cash inflows 8,190,877,360.67 8,213,936,784.13
Cash paid for goods and services 6,256,676,573.58 5,254,913,472.81
Net increase in loans and advances to customers
Deposits from banks and other financial institutions
Cash payment of benefits from the original insurance contract
Net increase in funds removed
Cash paid for interest, fee and commission
Cash paid as policy dividends
Cash paid to and on behalf of employees 655,418,395.48 608,102,856.12
Payments of taxes and surcharges 468,145,557.23 424,150,413.64
Cash paid relating to other operating activities 1,270,450,372.71 1,090,244,139.58
Sub-total of cash outflows 8,650,690,899.00 7,377,410,882.15
Net cash flows from operating activities -459,813,538.33 836,525,901.98
2. Cash flows from investing activities
Cash received from disposal of investments 10,851,423.00 3,500,000.00
Cash received from returns on investments 35,090,910.71 33,286,658.78
Net cash received from disposal of fixed assets, intangible assets and other
150,940,690.59 28,432,063.55
long-term assets
Net cash received from disposal of subsidiaries and other business units 0.00
Cash received relating to other investing activities 2,186,600,000.00 1,992,900,000.00
Sub-total of cash inflows 2,383,483,024.30 2,058,118,722.33
Cash paid to acquire fixed assets, intangible assets and other long-term
69,179,022.89 52,198,209.64
assets
Cash paid to acquire investments 23,540,303.16 15,202,789.49
Net increase in pledged loans
Net cash paid to acquire subsidiaries and other business units
Cash paid relating to other investing activities 2,276,500,000.00 3,303,300,000.00
Sub-total of cash outflows 2,369,219,326.05 3,370,700,999.13
Net cash flows from investing activities 14,263,698.25 -1,312,582,276.80
3. Cash flows from financing activities
Cash received from capital contributions 24,500,000.00 24,500,000.00
Including: Cash received from capital contributions by minority shareholders
24,500,000.00 24,500,000.00
of subsidiaries
Cash received from borrowings
Cash received relating to other financing activities 25,520.00 829,053,052.04
Sub-total of cash inflows 24,525,520.00 853,553,052.04
Cash repayments of borrowings
Cash payments for interest expenses and distribution of dividends or profits 767,017,000.00 444,917,420.00
Including: Cash payments for dividends or profit to minority shareholders of
subsidiaries
Cash payments relating to other financing activities 50,136,000.00 360,038,000.00
Sub-total of cash outflows 817,153,000.00 804,955,420.00
Net cash flows from financing activities -792,627,480.00 48,597,632.04
4. Effect of foreign exchange rate changes on cash
-3,022,527.45 -3,070,481.25
and cash equivalents
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Joyoung Co.,Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
5. Net increase in cash and cash equivalents -1,241,199,847.53 -430,529,224.03
Add: Cash and cash equivalents at the beginning of the period 1,713,797,184.45 1,160,756,361.34
6. Cash and cash equivalents at the end of the period 472,597,336.92 730,227,137.31
2. Note on accounting adjustments on financial statements
2.1 Financial statement adjustment at the beginning of the initial implementation of new leasing standards from 2021
Whether need to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
CONSOLIDATED BALANCE SHEET
Unit: RMB
Item 31 December 2021 1 January 2021 Adjustment
Current Asset:
Cash at bank and on hand 1,961,209,198.52 1,961,209,198.52
Deposit Reservation for Balance
Lending funds
Trading financial statements 1,246,680,033.61 1,246,680,033.61
Derivative financial assets
Notes receivable 1,895,450,516.93 1,895,450,516.93
Accounts receivable 212,481,359.50 212,481,359.50
Receivables financing 758,694,902.66 758,694,902.66
Prepaid expense 16,243,257.44 16,243,257.44
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 168,782,890.42 168,782,890.42
Including: interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 944,928,730.94 944,928,730.94
Contract assets
Holding assets for sale
Current portion of non-current assets
Other current asset 95,244,781.09 95,244,781.09
Total current asset 7,299,715,671.11 7,299,715,671.11
Non-current asset:
Disburse loans and advances
Debt Investment
Other debt investments
Long-term receivables 23,550,500.00 23,550,500.00
Long-term equity investments 182,672,045.70 182,672,045.70
Investments in other equity instruments 261,574,880.56 261,574,880.56
Other non-current financial assets 354,580,966.53 354,580,966.53
Investment properties 91,011,579.14 91,011,579.14
11
Joyoung Co.,Ltd. Third Quarterly Report
Item 31 December 2021 1 January 2021 Adjustment
Fixed assets 646,310,542.44 646,310,542.44
Construction in progress 11,012,005.02 11,012,005.02
Productive biological asset
Oil and gas assets
Right-of-use assets 37,016,346.38 37,016,346.38
Intangible assets 124,865,929.90 124,865,929.90
Development expenditure
Goodwill
Long-term deferred expenses 4,273,916.45 4,273,916.45
Deferred tax assets 70,258,654.66 70,258,654.66
Other non-current assets 65,000,000.00 65,000,000.00
Total non-current assets 1,835,111,020.40 1,872,127,366.78 37,016,346.38
TOTAL ASSETS 9,134,826,691.51 9,171,843,037.89 37,016,346.38
Current liabilities
Short-term borrowings
Customer deposits and deposits from banks
Loans from other banks and other financial
institutions
Trading financial liabilities
Derivative financial liabilities
Notes payables 1,227,524,091.85 1,227,524,091.85
Account payables 2,445,262,708.10 2,445,262,708.10
Unearned revenue 1,301,873.47 1,301,873.47
Contract liabilities 568,863,419.80 568,863,419.80
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 239,440,390.99 239,440,390.99
Taxes payable 101,144,277.49 101,144,277.49
Other payables 143,383,890.67 143,383,890.67
Including interest payable
Dividends payable
Fees and commissions payable
Sub-insurance accounts payable
Holding liabilities for sale
Current portion of non-current liabilities 10,135,444.87 10,135,444.87
Other current liabilities 72,741,689.90 72,741,689.90
Total current liabilities 4,799,662,342.27 4,809,797,787.14 10,135,444.87
Non-current liabilities
Insurance contract reserves
Long-term borrowings
Bonds receivable
Including: preferred stock
Perpetual bond
Leasing liability 29,378,835.07 29,378,835.07
12
Joyoung Co.,Ltd. Third Quarterly Report
Item 31 December 2021 1 January 2021 Adjustment
Long-term payable
Long-term payroll payable
Accrued liabilities
Deferred income 1,570,000.00 1,570,000.00
Deferred tax liabilities 51,102,590.80 51,102,590.80
Other non-current liabilities
Total non-current liabilities 52,672,590.80 82,051,425.87 29,378,835.07
Total liabilities 4,852,334,933.07 4,891,849,213.01 39,514,279.94
Shareholders’ equity
Share capital 767,169,000.00 767,169,000.00
Other equity instruments
Including: preferred stock
Perpetual bonds
Capital surplus 933,782,862.84 933,782,862.84
Less: Treasury stock
Other comprehensive income 21,584,865.16 21,584,865.16
Special reserve
Surplus reserve 397,820,873.71 397,820,873.71
General risk reserve
Undistributed profits 2,163,403,917.39 2,160,905,983.83 -2,497,933.56
Total equity attributable to shareholders of the Company 4,283,761,519.10 4,281,263,585.54 -2,497,933.56
Minority interests -1,269,760.66 -1,269,760.66
Total shareholders’ equity 4,282,491,758.44 4,279,993,824.88 -2,497,933.56
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 9,134,826,691.51 9,171,843,037.89 37,016,346.38
Note of accounting adjustments
The Ministry of Finance (MOF) revised and issued Enterprise Accounting Standard No. 21 - Leases in December 2018, which is effective from
January 1, 2019 for enterprises listed both domestically and internationally and for enterprises listed outside of China that adopt IFRS or ASBE for
preparing financial statements. For other enterprises that have implemented the ASBE, the standards will be effective from January 1, 2021. The
Company has changed its accounting policies accordingly.
2.2 Note on Retrospective Adjustment of Comparative Data for Initial Implementation of the New Leasing Standard
Commencing from 2021
□ Applicable √ Not applicable
3. Auditing Report
Whether the third quarterly report was audited
□ Yes √ No
Joyoung Co., Ltd. Board of Directors
27 October 2021
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