Chongqing Jianshe Vehicle System Co., Ltd.
The Third Quarterly Report 2019
2019-075
October 2019
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Lv Hongxian, The Company Leader, Mr. Tan Mingxian , Chief financial officer and the Ms.Niu Yanli, the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in the report.
II. Basic Information of the Company
I.Main accounting data and financial Index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
As at the end of last Changed （%）over
As at the end of the reporting period
year end of prev. year
Gross assets（Yuan） 1,200,078,091.33 1,461,770,573.54 -17.90%
Net assets attributable to the shareholders
232,201,851.59 293,301,450.54 -20.83%
of the listed company（Yuan）
Between beginning
Increase/decrease over
of the year to the Changed （%）over
Reporting period the same period of last
end of the report end of prev. year
year（%）
period
Operating income（Yuan） 176,235,751.40 -18.27% 594,849,928.69 -18.21%
Net profit attributable to the shareholders
-24,215,481.45 1,427.65% -61,099,598.95 -194.74%
of the listed company（Yuan）
Net profit after deducting of
non-recurring gain/loss attributable to the -24,503,633.33 684.34% -60,309,092.50 -1,786.13%
shareholders of listed company （Yuan）
Cash flow generated by business
-- -- 189,140,483.22 123.19%
operation, net（Yuan）
Basic earning per share(Yuan/Share) -0.2029 1,425.56% -0.5118 -194.74%
Diluted gains per share(Yuan/Share) -0.2029 1,425.56% -0.5118 -194.74%
Weighted average income/asset ratio（%） -9.22% -8.72% -23.25% -43.72%
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part for which assets
-1,693,205.55
impairment provision is made)
Govemment subsidy recognized in current gain and loss(excluding those closely related
27,000.00
to the Company’s business and granted under the state’s policies)
Operating income and expenses other than the aforesaid items 202,624.17
Other non-business income and expenditures other than the above 673,074.93
Total -790,506.45 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public -Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public -non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
7,860 0
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of
shareholder proportion % with Conditional Quantity
the shares
held
Chongqing Jianshe M echanical and State-owned legal
71.13% 84,906,250 84,906,250
Electric Co., Ltd. person
Domestic natural
Gu Zuocheng 1.86% 2,218,750 2,218,750
person
Domestic
Hengsheng Sunshine Group Co., Ltd. non-state-owned 1.47% 1,750,000 1,750,000 Freeze 1,750,000
legal person
Domestic natural
Liu Dan 0.91% 1,083,251 0
person
Domestic natural
Xu Yuanhui person 0.56% 666,789 0
Domestic natural
Yu Lingfeng person 0.51% 612,921 0
Domestic natural
Chen Xinqiang person 0.51% 612,400 0
Domestic natural
Zhang M eilan person 0.43% 513,560 0
Domestic natural
Feng Yonghui 0.42% 500,000 500,000
person
CORE PACIFIC-YAMAICHI Overseas legal
0.36% 434,650 0
INTERNATIONAL (H.K.) LIM ITED person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the Share type
Shareholders’ Names
non-restricted shares held Share type Quantity
Liu Dan 1,083,251 Foreign shares placed in domestic exchange 1,083,251
Xu Yuanhui 666,789 Foreign shares placed in domestic exchange 666,789
Yu Lingfeng 612,921 Foreign shares placed in domestic exchange 612,921
Chen Xinqiang 612,400 Foreign shares placed in domestic exchange 612,400
Zhang M eilan 513,560 Foreign shares placed in domestic exchange 513,560
CORE PACIFIC-YAMAICHI 434,650 Foreign shares placed in domestic exchange 434,650
INTERNATIONAL (H.K.) LIM ITED
Li Jianping 430,000 Foreign shares placed in domestic exchange 430,000
Chen Houping 423,561 Foreign shares placed in domestic exchange 423,561
Liu Guosheng 345,575 Foreign shares placed in domestic exchange 345,575
Lv Gang 343,000 Foreign shares placed in domestic exchange 343,000
There isn’t any associated relationship between the sponsoring shareholder and the other
shareholders among the top -10 list. None of them are regarded as ‘Acting in concert’ in
Explanation on associated relationship
accordance with ‘The rules of information disclosure on change of shareholding.’ Foreign
among the aforesaid shareholders
shareholders are unknown for their condition of ‘Associated relationship’ and ‘Acting in
concert’.
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 number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes
√ Applicable □ Not applicable
In the first half of 2018, the Company transferred its holding shares of 51% shares of Shanghai Jianshe
Motorcycle Co., Ltd and realized an investment income of RMB 53.04 million, resulting in a high net profit base
in the first three quarters of 2018. During the reporting period, due to the sales volume decline in the automobile
market, the Company's product sales decreased YOY and the Company's operating income declined, resulting in
that the Company recorded a loss in net profit, a significant decline compared with the same period last year.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
(1) Due to the Sales and Purchase Contract dispute between the Company's subsidiary- Chognqing Jianshe
Automobile Air-conditioner Co., Ltd. and Hubei Meiyang Automobile Industry Co., Ltd, the Vehicle Air
Conditioner Company filed a lawsuit in the People's Court of Xiangyang High-tech Industrial Development Zone
in September 2019, requesting the court to terminate the Auto/engine parts purchase contract signed with Hubei
Meiyang and the Hubei Meiyang Company to pay the payable payment for goods and the occupation fee of
capital of totaling to RMB 1,543,200.The People's court of Xiangyang High-tech Industrial Development Zone
has placed it on file on September 25, 2019.
(2) Due to the sales and purchase contract dispute among the Company's subsidiary-Air-conditioning
Company, Chongqing Magic Speed Auto Parts Co., Ltd, Chongqing Bisu Yunbo Power Technology Co., Ltd and
Chongqing Kate Power Technology Co., Ltd, the Air-conditioning Company filed a lawsuit in the People's Court
of Chongqing Yubei District in November 2018, demanding Chongqing Magic Speed Auto Parts Co., Ltd,
Chongqing Bisu Yunbo Power Technology Co., Ltd and Chongqing Kate Power Technology Co., Ltd to pay for
the payable payment for goods and the occupation fee of capital. The People’s Court of Chongqing Yubei District
ended the trial in August and September 2019 respectively, and issued the “Civil Judgment of the People’s Court
of Chongqing Yubei District”. For details, please see the following disclosed information:
Summary of material
Date of disclosure Index of provisional announcement
issues
For details, please refer to the related announcements of the company disclosed
August 16,2019 on The Securities Times, Hong Kong Commercial Daily and
www.cninfo.com.cn(Announcement No.:2019-070)
Announcement on the
For details, please refer to the related announcements of the company disclosed
Progress of Civil
September 12,2019 on The Securities Times, Hong Kong Commercial Daily and
Litigation www.cninfo.com.cn(Announcement No.:2019-071)
For details, please refer to the related announcements of the company disclosed
September 25,2019 on The Securities Times, Hong Kong Commercial Daily and
www.cninfo.com.cn(Announcement No.:2019-072)
Progress in the implementation of share repurchase
6
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual control ler, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
There are no commitments that the company, shareholders, actual controller, acquirer, directors, supervisors,
senior executives or other related parties have fulfilled during the reporting period and have not yet fulfilled by the
end of reporting period.
IV. Investment in securities
□ Applicable √Not applicable
No Securities investment in period
V. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.
VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
√Applicable □Not applicable
Reception time Way of reception Types of visitors Basic index
Q: how’s the Company's half-year performance? A: please refer to "The
July 16,2019 By phone Individual Half-yearly performance forecast of 2019" disclosed by the Company on
July 12.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
7
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Chongqing Jianshe Vehicle System Co., Ltd.
September 30,2019
In RMB
Items September 30,2019 December 31,2018
Current asset：
M onetary fund 154,944,496.69 351,903,987.18
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured at fair value with variations
accounted into current income account
Derivative financial assets
Notes receivable 29,188,534.54 28,022,405.38
Account receivable 213,181,689.46 274,941,895.41
Financing of receivables
Prepayments 14,856,806.16 15,797,660.14
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Other account receivable 9,864,273.50 2,414,406.24
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 136,629,313.35 177,566,823.26
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 1,237,718.68 4,292,742.61
8
Total of current assets 559,902,832.38 854,939,920.22
Non-current assets：
Loans and payment on other’s behalf disbursed
Debt investment
Available for sale of financial assets
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 241,338,067.49 187,208,081.45
Other equity instruments investment
Other non-current financial assets
Property investment 33,927,586.59 45,698,993.28
Fixed assets 321,358,365.21 341,863,883.57
Construction in progress 5,733,156.86
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 22,987,850.89 23,481,249.43
Development expenses
Goodwill
Long-germ expenses to be amortized 2,531,232.18 1,912,833.34
Deferred income tax asset 4,850,090.39 4,850,090.39
Other non-current asset 7,448,909.34 1,815,521.86
Total of non-current assets 640,175,258.95 606,830,653.32
Total of assets 1,200,078,091.33 1,461,770,573.54
Current liabilities
Short-term loans 210,000,000.00 262,000,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair value with variations
accounted into current income account
Derivative financial liabilities
Notes payable 516,379,075.95 627,563,000.00
9
Account payable 206,314,438.08 237,795,755.60
Advance receipts 1,299,102.44 1,982,012.20
Contract Liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 5,346,567.28 3,155,693.31
Tax payable 16,284,989.13 19,484,228.95
Other account payable 12,252,066.86 14,988,432.94
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 1,500,000.00
Other current liability
Total of current liability 967,876,239.74 1,168,469,123.00
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities
Total of liability 967,876,239.74 1,168,469,123.00
Owners’ equity
10
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 958,575,094.29 958,575,094.29
Less：Shares in stock
Other comprehensive income
Special reserve
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -971,434,242.70 -910,334,643.75
Total of owner’s equity belong to the parent company 232,201,851.59 293,301,450.54
M inority shareholders’ equity
Total of owners’ equity 232,201,851.59 293,301,450.54
Total of liabilities and owners’ equity 1,200,078,091.33 1,461,770,573.54
Legal Representative: Lv Hongxian
Person-in-charge of the accounting work：Tan Mingxian
Person-in -charge of the accounting organ：Niu Yanli
2.Parent Company Balance Sheet
In RM B
Items September 30,2019 December 31,2018
Current asset：
M onetary fund 1,708,382.12 66,377,117.54
Transactional financial assets
Financial assets measured at fair value with variations
accounted into current income account
Derivative financial assets
Notes receivable 12,106,000.00
Account receivable 1,338,106.75 1,700,752.51
Financing of receivables
Prepayments 10,323,143.53 7,910,371.97
Other account receivable 3,043,745.12 567,726.24
11
Including：Interest receivable
Dividend receivable
Inventories 8,698,673.76 14,582,880.35
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 4,292,742.61
Total of current assets 25,112,051.28 107,537,591.22
Non-current assets：
Debt investment
Available for sale of financial assets
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 401,338,067.49 347,208,081.45
Other equity instruments investment
Other non-current financial assets
Property investment 33,927,586.59 45,698,993.28
Fixed assets 123,901,603.99 121,333,665.76
Construction in progress 255,228.04
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 14,694,095.62 15,007,629.61
Development expenses
Goodwill
Long-germ expenses to be amortized 2,217,237.41 1,418,480.05
Deferred income tax asset
Other non-current asset
Total of non-current assets 576,333,819.14 530,666,850.15
Total of assets 601,445,870.42 638,204,441.37
Current liabilities
Short-term loans
Transactional financial liabilities
12
Financial liabilities measured at fair value with variations
accounted into current income account
Derivative financial liabilities
Notes payable
Account payable 173,582,697.42 200,972,608.59
Advance receipts 180,083.38 180,083.38
Contract Liabilities
Employees’ wage payable 2,671,266.19 185,652.20
Tax payable 15,152,251.03 15,239,129.76
Other account payable 274,439,606.69 223,902,707.22
Including：Interest payable
Dividend payable
Liabilities held for sales
Non-current liability due within 1 year
Other current liability
Total of current liability 466,025,904.71 440,480,181.15
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities
Total of liability 466,025,904.71 440,480,181.15
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
13
Sustainable debt
Capital reserves 958,575,094.29 958,575,094.29
Less：Shares in stock
Other comprehensive income
Special reserve
Surplus reserves 125,686,000.00 125,686,000.00
Retained profit -1,068,216,128.58 -1,005,911,834.07
Total of owners’ equity 135,419,965.71 197,724,260.22
Total of liabilities and owners’ equity 601,445,870.42 638,204,441.37
3.Consolidated Income statement of the Report period
In RM B
Items Amount in this period Amount in last period
I. Turnover 176,235,751.40 215,629,758.62
Including：Operating income 176,235,751.40 215,629,758.62
Interest income
Insurance fee earned
Fee and commission received
II. Total operating costs 195,111,413.24 219,187,233.31
Including：Operating costs 156,526,170.75 185,312,031.08
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,252,951.97 2,109,894.40
Sales expense 5,277,566.24 6,106,921.31
Administrative expense 23,042,882.30 21,970,135.73
R & D expense
Financial expenses 8,011,841.98 3,688,250.79
Including：Interest expense
Interest income
14
Add：Other income 271,974.93 932,000.00
Investment gain（“-”for loss） -5,627,971.49 633,370.20
Including: investment gains from affiliates -5,627,971.49 633,370.20
Financial assets measured at amortized cost cease to be
recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets
Assets disposal income 19,176.95 568,599.82
III. Operating profit（“-”for loss） -24,212,481.45 -1,423,504.67
Add ：Non-operating income -3,000.00 1,955.00
Less: Non-operating expenses -36,392.76
IV Total profit(“-”for loss) -24,215,481.45 -1,385,156.91
Less：Income tax expenses 199,990.22
V Net profit -24,215,481.45 -1,585,147.13
(I) Classification by business continuity
1.Net continuing operating profit -24,215,481.45 -2,153,746.95
2.Termination of operating net p rofit 568,599.82
(II) Classification by ownership
1.Net profit attributable to the owners of parent company -24,215,481.45 -1,585,147.13
2.M inority shareholders’ equity
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable to o
wners of the parent company.
（I）Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit plans of changes in net
debt or net assets
2.Other comprehensive income under the equity method inves
tee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
instruments
15
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into pro
fit or loss.
1.Other comprehensive income under the equity method inves
tee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3.Gains and losses from changes in fair value available for sal
e financial assets
4. Other comprehensive income arising from the
reclassification of financial assets
5.Held-to-maturity investments reclassified to gains and losse
s of available for sale financial assets
6. Allowance for credit impairments in investments in other
debt obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements
9.Other
Net of profit of other comprehensive income attributable to M
inority shareholders’ equity
VII. Total comprehensive income -24,215,481.45 -1,585,147.13
Total comprehensive income attributable to the owner of the
-24,215,481.45 -1,585,147.13
parent company
Total comprehensive income attributable minority
shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.2029 -0.0133
(II)Diluted earnings per share -0.2029 -0.0133
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Lv Hongxian
Person-in-charge of the accounting work：Tan Mingxian
16
Person-in -charge of the accounting organ：Niu Yanli
4.Income statement of the Parent Company of the Report period
In RM B
Items Amount in this period Amount in last period
I. Revenue 123,916,467.19 179,253,429.91
Including：Operating costs 128,337,118.68 170,642,930.96
Business tax and surcharge 1,383,697.31 1,321,670.39
Sales expense 510,947.46 372,002.78
Administrative expense 11,517,617.93 8,716,564.43
R & D expense
Financial expenses 5,211,290.46 621,412.35
Including：Interest expenses
Interest income
Add：Other income
Investment gain（“-”for loss） -5,627,971.49 633,370.21
Including: investment gains from affiliates -5,627,971.49 633,370.21
Financial assets measured at amortized cost cease to be
recognized as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets
Assets disposal income 19,176.95 621,195.22
II. Operating profit（“-”for loss） -28,652,999.18 -1,166,585.58
Add ：Non-operating income 1,455.00
Less：Non -operating expenses -3,797.36
III. Total profit(“-”for loss) -28,652,999.18 -1,161,333.22
Less：Income tax expenses
IV Net profit -28,652,999.18 -1,161,333.22
1.Net continuing operating profit -28,652,999.18 -1,782,528.44
2.Termination of operating net profit 621,195.22
V. Net after-tax of other comprehensive income
（I）Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
17
period
1.Re-measurement of defined benefit plans of changes in net
debt or net assets
2.Other comprehensive income under the equity method inves
tee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into pro
fit or loss.
1.Other comprehensive income under the equity method inves
tee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3.
Gains and losses from changes in fair value available for sale
financial assets
4. Other comprehensive income arising from the
reclassification of financial assets
5.Held-to-maturity investments reclassified to gains and losse
s of available for sale financial assets
6. Allowance for credit impairments in investments in other
debt obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements
9.Other
VI. Total comprehensive income -28,652,999.18 -1,161,333.22
VII. Earnings per share
（I）Basic earnings per share -0.2400 -0.0097
(II)Diluted earnings per share -0.2400 -0.0097
5. Consolidated Income statement between the beginning of the year and end of the report period
In RM B
Items Amount in this period Amount in last period
I. Turnover 594,849,928.69 727,326,490.03
18
Including：Operating income 594,849,928.69 727,326,490.03
Interest income
Insurance fee earned
Commission charge and commission income
II. Total operating costs 638,534,018.18 725,000,141.21
Including：Operating costs 530,681,470.70 609,582,968.09
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty,net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 6,331,590.03 6,207,533.78
Sales expense 14,282,961.32 18,769,057.57
Administrative expense 67,722,574.68 65,752,924.15
R & D expense
Financial expenses 19,234,644.15 24,273,648.50
Including：Interest expense
Interest income
Add：Other income 673,074.93 932,000.00
Investment gain（“-”for loss） -16,419,669.26 61,464,235.66
Including: investment gains from affiliates -16,419,669.26 61,464,235.66
Financial assets measured at amortized cost cease to be
recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets
Assets disposal income -1,693,205.55 568,599.82
III. Operating profit（“-”for loss） -61,123,889.37 65,291,184.30
Add ：Non-operating income 229,624.17 359,915.24
Less: Non-operating expense 40,979.72
19
IV Total profit(“-”for loss) -60,894,265.20 65,610,119.82
Less：Income tax expenses 205,333.75 761,766.06
V Net profit -61,099,598.95 64,848,353.76
(I) Classification by business continuity
1.Net continuing operating profit -59,406,393.40 5,184,687.29
2.Termination of operating net profit -1,693,205.55 59,663,666.47
(II) Classification by ownership
1.Net profit attributable to the owners of parent company -61,099,598.95 64,491,381.36
2.M inority shareholders’ equity 356,972.40
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable to o
wners of the parent company.
（I）Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit plans of changes in net
debt or net assets
2.Other comprehensive income under the equity method inves
tee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into pro
fit or loss.
1.Other comprehensive income under the equity method inves
tee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3.Gains and losses from changes in fair value available for sal
e financial assets
4. Other comprehensive income arising from the
reclassification of financial assets
20
5.Held-to-maturity investments reclassified to gains and losse
s of available for sale financial assets
6. Allowance for credit impairments in investments in other
debt obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements
9.Other
Net of profit of other comprehensive income attributable to M
inority shareholders’ equity
VII. Total comprehensive income -61,099,598.95 64,848,353.76
Total comprehensive income attributable to the owner of the
-61,099,598.95 64,491,381.36
parent company
Total comprehensive income attributable minority
356,972.40
shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.5118 0.5402
(II)Diluted earnings per share -0.5118 0.5402
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Lv Hongxian
Person-in-charge of the accounting work：Tan Mingxian
Person-in -charge of the accounting organ：Niu Yanli
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RM B
Items Amount in this period Amount in last period
I. Revenue 437,119,327.89 576,399,129.24
Including：Operating costs 433,446,742.06 533,315,207.62
Business tax and surcharge 2,252,228.49 2,837,387.63
Sales expense 1,212,289.42 696,480.24
Administrative expense 33,437,402.97 29,259,434.01
R & D expense
Financial expenses 10,984,757.21 11,212,784.49
21
Including：Interest expenses
Interest income
Add：Other income
Investment gain（“-”for loss） -16,419,669.26 55,409,169.00
Including: investment gains from affiliates -16,419,669.26 55,409,169.00
Financial assets measured at amortized cost cease to be
recognized as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets
Assets disposal income -1,693,205.55 621,195.22
II. Operating profit（“-”for loss） -62,326,967.07 55,108,199.47
Add ：Non-operating income 22,672.56 3,551.06
Less：Non -operating expenses
III. Total profit(“-”for loss) -62,304,294.51 55,111,750.53
Less：Income tax expenses
IV Net profit -62,304,294.51 55,111,750.53
1.Net continuing operating profit -60,611,088.96 -4,604,511.34
2.Termination of operating net profit -1,693,205.55 59,716,261.87
V. Net after-tax of other comprehensive income
（I）Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit plans of changes in net
debt or net assets
2.Other comprehensive income under the equity method inves
tee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into pro
fit or loss.
1.Other comprehensive income under the equity method inves
22
tee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3.
Gains and losses from changes in fair value available for sale
financial assets
4. Other comprehensive income arising from the
reclassification of financial assets
5.Held-to-maturity investments reclassified to gains and losse
s of available for sale financial assets
6. Allowance for credit impairments in investments in other
debt obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements
9.Other
VI. Total comprehensive income -62,304,294.51 55,111,750.53
VII. Earnings per share
（I）Basic earnings per share -0.5219 0.4617
(II)Diluted earnings per share -0.5219 0.4617
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RM B
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 365,397,706.38 319,459,908.63
Net increase of customer deposits and capital kept for
brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Cash received from interest, commission charge and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
23
Net cash received by agent in securities trading
Tax returned 16,886,990.47 11,284,265.34
Other cash received from business operation 3,031,639.95 6,291,906.92
Sub-total of cash inflow 385,316,336.80 337,036,080.89
Cash paid for purchasing of merchandise and services 100,168,991.25 126,971,395.73
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 73,259,420.49 60,563,809.16
Taxes paid 8,070,369.48 19,101,817.78
Other cash paid for business activities 14,677,072.36 45,653,509.35
Sub-total of cash outflow from business activities 196,175,853.58 252,290,532.02
Net cash generated from /used in operating activities 189,140,483.22 84,745,548.87
II. Cash flow generated by investing
Cash received from investment retrieving 30,193,650.00 8,160,000.00
Cash received as investment gains 2,000,000.00 56,540,000.00
Net cash retrieved from disposal of fixed assets, intangible
78,380.08
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 32,272,030.08 64,700,000.00
Cash paid for construction of fixed assets, intangible assets
3,932,686.79 5,287,121.79
and other long-term assets
Cash paid as investment 36,672,895.58 21,300,000.00
Net increase of loan against pledge
Net cash received from subsidiaries and other operational
units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 40,605,582.37 26,587,121.79
Net cash flow generated by investment -8,333,552.29 38,112,878.21
III.Cash flow generated by financing
24
Cash received as investment
Including: Cash received as investment from minor
shareholders
Cash received as loans 110,000,000.00 242,000,000.00
Other financing –related cash received 354,318,214.09 470,113,577.49
Sub-total of cash inflow from financing activities 464,318,214.09 712,113,577.49
Cash to repay debts 363,530,208.33 363,870,078.18
Cash paid as dividend, profit, or interests 18,699,469.49 25,377,488.79
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 455,614,530.52 501,822,118.52
Sub-total of cash outflow due to financing activities 837,844,208.34 891,069,685.49
Net cash flow generated by financing -373,525,994.25 -178,956,108.00
IV Influence of exchange rate alternation on cash and cash
-167.57
equivalents
V.Net increase of cash and cash equivalents -192,719,230.89 -56,097,680.92
Add: balance of cash and cash equivalents at the beginning of
196,834,130.34 126,225,466.46
term
VI ..Balance of cash and cash equivalents at the end of term 4,114,899.45 70,127,785.54
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RM B
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 141,870,951.07 104,547,043.20
Tax returned
Other cash received from business operation 204,985.65 39,322.09
Sub-total of cash inflow 142,075,936.72 104,586,365.29
Cash paid for purchasing of merchandise and services 47,074,489.72 111,301,139.13
Cash paid to staffs or paid for staffs 32,526,329.34 37,056,019.78
Taxes paid 707,760.19 6,514,063.24
Other cash paid for business activities 2,465,184.68 1,956,180.85
Sub-total of cash outflow from business activities 82,773,763.93 156,827,403.00
Net cash generated from /used in operating activities 59,302,172.79 -52,241,037.71
II.Cash flow generated by investing
25
Cash received from investment retrieving 30,193,650.00 8,160,000.00
Cash received as investment gains 2,000,000.00 56,540,000.00
Net cash retrieved from disposal of fixed assets, intangible
78,380.08
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 32,272,030.08 64,700,000.00
Cash paid for construction of fixed assets, intangible assets
3,926,726.25 1,854,365.90
and other long-term assets
Cash paid as investment 36,672,895.58 21,300,000.00
Net cash received from subsidiaries and other operational
units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 40,599,621.83 23,154,365.90
Net cash flow generated by investment -8,327,591.75 41,545,634.10
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
Other financing –related ash received 558,200,000.00 474,126,000.00
Sub-total of cash inflow from financing activities 558,200,000.00 474,126,000.00
Cash to repay debts
Cash paid as dividend, profit, or interests 9,701,312.83 11,616,901.36
Other cash paid for financing activities 664,142,003.63 531,626,824.85
Sub-total of cash outflow due to financing activities 673,843,316.46 543,243,726.21
Net cash flow generated by financing -115,643,316.46 -69,117,726.21
IV Influence of exchange rate alternation on cash and cash
equivalents
V.Net increase of cash and cash equivalents -64,668,735.42 -79,813,129.82
Add: balance of cash and cash equivalents at the beginning of
66,377,117.54 93,728,199.64
term
VI ..Balance of cash and cash equivalents at the end of term 1,708,382.12 13,915,069.82
26
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to
the new standards for financial instruments, the new standards for revenues and the new standards for
lease implemented commencing from year 2019
□ Applicable √ Not applicable
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
financial instruments and the new standards for lease implemented commencing from year 2019
□ Applicable √ Not applicable
III. Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
27
