Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
THIRD QUARTER REPORT 2017
2017-079
October 2017
1
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Part I Important Statements
The board of directors (the “Board”), the supervisory board (the “Supervisory
Board”) as well as the directors, supervisors and senior management of
Guangdong Jadiete Holdings Group Company Limited (the “Company”) hereby
guarantee the factuality, accuracy and completeness of the contents of this
Report, and shall be jointly and severally liable for any false representation,
misleading statements or material omissions in this Report.
All the directors of the Company attended the board meeting for the review of
this Report.
Ding Lihong, head of the Company, Chen Jincai, accounting head for this
Report, and Zeng Zhihua, head of the accounting department (head of
accounting) of the Company, hereby guarantee that the financial statements
carried in this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be
any discrepancies or misunderstandings between the two versions, the Chinese
version shall prevail.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Part II Company Fundamentals
I Key Consolidated Operating Results
Indicate by tick mark whether the Company needs to retrospectively restate any of its accounting data.
□ Yes √ No
September 30, 2017 December 31, 2016 Change
Total assets (RMB) 620,555,050.56 520,194,679.60 19.29%
Equity attributable to owners of the
355,097,145.54 366,670,353.78 -3.16%
parent (RMB)
January-September
July-September 2017 YoY change YoY change
2017
Net sales (RMB) 140,067,791.16 350.43% 330,527,876.01 42.91%
Net margin attributable to owners
-3,749,881.68 3.21% -11,746,986.46 47.92%
of the parent (RMB)
Net margin attributable to owners
of the parent before exceptional -2,164,033.75 -41.81% -5,448,873.84 -30.82%
gains and losses (RMB)
Net cash from operating activities
-- -- -8,243,936.39 -72.78%
(RMB)
Basic earnings per share
-0.011 3.21% -0.037 48.00%
(RMB/share)
Diluted earnings per share
-0.011 3.21% -0.037 48.00%
(RMB/share)
Weighted average return on equity -1.05% -0.04% -3.26% -1.11%
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
Item January-September 2017 Note
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
Investment income from change
income from disposal of tradable financial assets and tradable
-7,024,135.96 in fair value of stock investments
financial liabilities and financial assets available for sales, except
and from sale of stockholdings
for effective hedging related with normal businesses of the
Company
Reversal of impairment provisions for the accounts receivable on 530,254.26
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
which impairment tests were carried out separately
Non-operating income and expense other than above -340,669.67
Less: Income tax effects 67,199.04
Minority interests effects (after tax) -603,637.79
Total -6,298,112.62 --
Explanation of why the Company classified an item as an exceptional gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gains and
Losses, or reclassified any exceptional gain/loss item given as an example in the said explanatory announcement as a recurrent
gain/loss:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total Number of Shareholders and Shareholdings of Top 10 Shareholders at Period-End
1. Numbers of Common Shareholders and Preference Shareholders with Resumed Voting Rights, and
Shareholdings of Top 10 Shareholders
Unit: share
Total number of preference
Total number of common shareholders with resumed
11,430 0
shareholders at period-end voting rights at period-end (if
any)
Top 10 shareholders
Non-tradable Pledged or frozen shares
Name of Nature of Shareholding Total shares held
shares held at
shareholder shareholder percentage at period-end Status Number
period-end
Shenzhen
Domestic
Shenghengchang
non-state-owned 71.85% 117,855,000 117,855,000 Pledged 117,855,000
Huifu Industrial
corporation
Co., Ltd.
Shenzhen
Risheng
Domestic
Chuangyuan
non-state-owned 20.74% 34,020,000 34,020,000 Pledged 34,020,000
Asset
corporation
Management Co.,
Ltd.
GUOTAI
Foreign
JUNAN 16.67% 25,772,950 0
corporation
SECURITIES(H
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
ONGKONG)
LIMITED
Shenzhen
Domestic
Lianhua Huiren
non-state-owned 7.41% 12,150,000 12,150,000 Pledged 12,150,000
Industrial Co.,
corporation
Ltd.
Domestic natural
Su Youhe 4.68% 7,234,469 0
person
Shenwan
Hongyuan Foreign
4.25% 6,573,946 0
Securities (H. K.) corporation
Limited
China Everbright
Foreign
Securities (HK) 2.84% 4,382,300 0
corporation
Limited
Domestic natural
Fan Jiongyang 0.94% 1,451,300 0
person
NGAI KWOK Overseas natural
0.74% 1,145,816 0
PAN Wei Guobin person
Guoyuan
Securities Foreign
0.62% 958,988 0
Brokerage (Hong corporation
Kong) Limited
Top 10 tradable shareholders
Type of stock
Name of shareholder Tradable shares held at period-end
Type Number
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 25,772,950 listed stock for 25,772,950
LIMITED foreign investors
Domestically
Su Youhe 7,234,469 listed stock for 7,234,469
foreign investors
Domestically
Shenwan Hongyuan Securities (H.
6,573,946 listed stock for 6,573,946
K.) Limited
foreign investors
Domestically
China Everbright Securities (HK) 4,382,300 4,382,300
listed stock for
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Limited foreign investors
Domestically
Fan Jiongyang 1,451,300 listed stock for 1,451,300
foreign investors
Domestically
NGAI KWOK PAN Wei Guobin 1,145,816 listed stock for 1,145,816
foreign investors
Domestically
Guoyuan Securities Brokerage
958,988 listed stock for 958,988
(Hong Kong) Limited
foreign investors
Domestically
Chen Jianxing 930,144 listed stock for 930,144
foreign investors
Domestically
Wang Xiaoyan 814,100 listed stock for 814,100
foreign investors
Domestically
Chen Jinming 765,500 listed stock for 765,500
foreign investors
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset
Related or acting-in-concert parties Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd. are
among shareholders above acting-in-concert parties. The Company did not know whether there existed related
relationship among other shareholders.
Indicate by tick mark whether any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the
Company conducted any promissory repo during the Reporting Period.
□ Yea √ No
No such cases in the Reporting Period.
2. Total Number of Preference Shareholders and Shareholdings of Top 10 of Them at Period-End
□ Applicable √ Not applicable
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Part III Significant Events
I Changes in Key Consolidated Financial Statement Items and Reasons for Such Changes
√ Applicable □ Not applicable
Unit: RMB
September 30, December 31,
Chang
Item 2017/January-Septe 2016/January-Septe Main reason for change
e
mber 2017 mber 2016
Cash on hand and
at bank 3,747,097.58 123,886,976.82 -96.98 Investment in Future Growing Business Fund
Trading financial
assets 227,592.00 15,499,631.52 -98.53 Sale of shares held by the Company
Accounts Collection of payments by subsidiary Chinese
receivable 16,764,956.04 43,557,743.28 -61.51 Gold Nobility from its customers
4,691.
Prepayments 9,939,511.62 207,424.73 86 Increase in prepayments
Increased inventories of subsidiary Chinese Gold
Inventories 182,987,396.58 74,939,082.16 144.18 Nobility
Long-term equity
investments 270,013,386.64 149,998,221.71 80.01 Investment in Future Growing Business Fund
Larger procurement amount by subsidiary Chinese
Accounts payable 112,993,000.44 25,524,801.45 342.68 Gold Nobility
Advances 2,981. Increase in advances received by subsidiary
received 14,881,588.86 482,960.95 32 Chinese Gold Nobility
Taxes payable 23,065,853.43 33,965,898.62 -32.09 Payment of taxes in current period
Other accounts
payable 72,297,864.34 55,197,870.96 30.98 Increase in open accounts payable
Increases in sales of subsidiaries Chinese Gold
Net sales 330,527,876.01 231,283,105.27
42.91 Nobility and Rieys Industrial
Increases in sales of subsidiaries Chinese Gold
Cost of sales 314,035,742.31 220,113,682.22
42.67 Nobility and Rieys Industrial
Taxes and larger amounts provided for property tax and land
1,013,876.05 138,780.94
surtaxes 630.56 use tax
Finance costs 421,752.53 1,114,329.41 -62.15 Higher foreign exchange income
Change in full-amount bad-debt provision made
Asset impairment -530,254.26 224,003.49 -336.7 associated with Tianrui Trading due to foreign
losses 2 exchange rate fluctuations
Gains on fair -2,386. Decline in stock prices of shares held by the
-5,513,470.21 241,164.00
value changes 19 Company
Income tax 3,038,416.90 1,976,103.61 -53.76 Higher margin of subsidiary Chinese Gold Nobility
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
expense
Investment -16,91
income -1,495,500.82 -8,787.57 8.37 Greater losses on stock investments
Net cash from
operating
activities -8,243,936.39 -30,287,363.71 72.78 Increase in cash paid for goods
Net cash from
investing -1,663.
activities -111,895,473.34 -6,345,281.57 44 Investment in Future Growing Business Fund
Net increase in
cash and cash -227.9 Investment in Future Growing Business Fund and
equivalents -120,139,879.24 -36,632,552.21 6 increase in cash paid for goods
II Progress, Influence and Solutions Associated with Significant Events
√ Applicable □ Not applicable
The Company canceled its substantial reorganization plan in the current period. For details, please see Announcement No. 2017-066
on Cancellation of Substantial Reorganization Plan disclosed by the Company on Securities Times, Ta Kung Pao
and www.cninfo.com.cn dated August 22, 2017.
Summary of significant event Disclosure date Index to related announcement
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties and
Acquirers, as well as the Company and Other Commitment Makers, Failed to Fulfill on Time
during Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV Forecast of 2017 Annual Operating Results
Warning of a possible loss on or a significant year-over-year change in accumulative net margin during the period the beginning of
the current year through the end of the next reporting period, as well as the reasons:
□ Applicable √ Not applicable
V Securities Investments
√ Applicable □ Not applicable
Account Profit/lo Cumulat Purchas Sold in Profit/lo
Variety Code of Name of Initial ing Opening ss on ive fair ed in the the ss in the Closing Account Source
of securitie securitie investm measure book fair value Reporti Reporti Reporti book of
ment value value changes ng ng ng value ing title
securitie s s ent cost model investm
changes charged Period Period Period
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
s in the to ent
Reporti equity
ng funds
Period
Transact
Domesti Fair
17,902, 14,179, -5,513,4 -5,513,4 1,578,0 8,455,7 -1,561,0 227,592 ional Own
c/overse 603398 BBYZ value
482.56 831.52 70.21 70.21 12.52 80.33 01.50 .00 financia funds
as stock method
l assets
Transact
Domesti Fair
4,000.0 4,000.0 9,380.8 5,380.8 ional Own
c/overse 601375 ZYZQ value
0 0 0 0 financia funds
as stock method
l assets
Transact
Domesti Fair
1,348,4 1,315,8 1,348,4 32,692. ional Own
c/overse 600804 PBS value
92.07 00.00 92.07 07 financia funds
as stock method
l assets
Transact
Domesti Fair
6,810.0 12,172. 5,362.8 ional Own
c/overse 601881 YHZQ value
0 88 8 financia funds
as stock method
l assets
Transact
Domesti Fair
83,500. 90,400. 6,900.0 ional Own
c/overse 000006 SZY value
00 00 0 financia funds
as stock method
l assets
19,254, 15,499, -5,513,4 -5,513,4 1,668,3 9,916,2 -1,510,6 227,592
Total -- -- --
974.63 631.52 70.21 70.21 22.52 26.08 65.75 .00
Disclosure date of the
announcement about the
board’s consent for the
securities investment
Disclosure date of the
announcement about the
general meeting’s consent
for the securities
investment (if any)
VI Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
VII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc.
during Reporting Period
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor About
Time of Company stock resumption of
07/11/2017 By phone Individual
trading
Time of Company stock resumption of
07/11/2017 By phone Individual
trading
Time of Company stock resumption of
07/14/2017 By phone Individual
trading
Time of Company stock resumption of
07/18/2017 By phone Individual
trading
Time of Company stock resumption of
07/24/2017 By phone Individual
trading
Time of Company stock suspension and
08/03/2017 By phone Individual
resumption of trading
Reasons for the termination of
08/23/2017 By phone Individual significant assets restructuring of the
Company
Whether there is stock bonus plan after
08/23/2017 By phone Individual stock resumption of trading of the
Company
Time of Company stock resumption of
08/24/2017 By phone Individual
trading
Reasons for falling of stock price of the
08/28/2017 By phone Individual
Company
When will the plan of increasing
Company’s stock by some directors,
09/03/2017 By phone Individual
supervisors, and senior executives of the
Company be implemented?
When will the plan of increasing
Company’s stock by some directors,
09/03/2017 By phone Individual
supervisors, and senior executives of the
Company be implemented?
When is the Company going to release
09/08/2017 By phone Individual the announcement for maintaining
stability?
When will some directors, supervisors,
09/27/2017 By phone Individual
and senior executives of the Company
10
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
fulfill the commitment of increasing the
stock?
VIII Irregularities Arising from Provision of Guarantees for Third Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s Funds by Its Controlling Shareholder or Related Parties for
Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Targeted Measures Taken to Help People Lift Themselves out of Poverty
The Company did not take such measures in the third quarter of the year and has no such plans for now.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Guangdong Jadiete Holdings Group Company Limited
September 30, 2017
Unit: RMB
Item September 30, 2017 December 31, 2016
Current assets:
Cash on hand and at bank 3,747,097.58 123,886,976.82
Settlement reserve
Interbank lendings
Financial assets at fair value through
227,592.00 15,499,631.52
gains/losses
Derivative financial assets
Notes receivable
Accounts receivable 16,764,956.04 43,557,743.28
Prepayments 9,939,511.62 207,424.73
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserve
Interest receivable
Dividends receivable
Other accounts receivable 51,453,995.06 41,739,384.75
Financial assets purchased under
agreements to resell
Inventories 182,987,396.58 74,939,082.16
Assets held for sale
Non-current assets due within one year
Other current assets 27,107,024.17 9,985,213.09
Total current assets 292,227,573.05 309,815,456.35
Non-current assets:
Loans and advances to customers
Available-for-sale financial assets
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 270,013,386.64 149,998,221.71
Investment property
Fixed assets 42,191,198.59 44,012,361.38
Construction in progress
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 9,147,472.88 9,355,420.76
R&D expense
Goodwill 2,395,820.87 2,395,820.87
Long-term deferred expense
Deferred income tax assets 4,579,598.53 4,617,398.53
Other non-current assets
Total non-current assets 328,327,477.51 210,379,223.25
Total assets 620,555,050.56 520,194,679.60
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Money deposits accepted and inter-bank
deposits
Interbank borrowings
Financial liabilities at fair value through
gains/losses
Derivative financial liabilities
Notes payable
Accounts payable 112,993,000.44 25,524,801.45
Advances received 14,881,588.86 482,960.95
Financial assets sold for repurchase
Fees and commissions payable
Payroll payable 424,623.42 412,376.20
Taxes payable 23,065,853.43 33,965,898.62
Interest payable
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Dividends payable
Other accounts payable 72,297,864.34 55,197,870.96
Reinsurance premiums payable
Insurance contract reserve
Payables for acting trading of securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 223,662,930.49 115,583,908.18
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term accounts payable
Long-term payroll payable
Special payables
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 223,662,930.49 115,583,908.18
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 52,303,274.79 52,129,496.58
Less: Treasury shares
Other comprehensive income
Special reserve
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Surplus reserve 86,036,260.20 86,036,260.20
Provisions for general risks
Retained earnings -101,842,389.45 -90,095,403.00
Equity attributable to owners of the parent 355,097,145.54 366,670,353.78
Minority interests 41,794,974.53 37,940,417.64
Total owners’ equity 396,892,120.07 404,610,771.42
Total liabilities and owners’ equity 620,555,050.56 520,194,679.60
Legal representative: Ding Lihong Accounting head for this Report: Chen Jincai
Head of the accounting department: Zeng Zhihua
2. Parent Company Balance Sheet
Unit: RMB
Item September 30, 2017 December 31, 2016
Current assets:
Cash on hand and at bank 484,536.18 119,117,878.02
Financial assets at fair value through
gains/losses
Derivative financial assets
Notes receivable
Accounts receivable
Prepayments 29,895.87 66,198.00
Interest receivable
Dividends receivable
Other accounts receivable 66,328,987.20 75,929,989.74
Inventories
Assets held for sale
Non-current assets due within one year
Other current assets
Total current assets 66,843,419.25 195,114,065.76
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 350,013,394.90 224,998,229.97
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Investment property
Fixed assets 40,453,254.48 42,121,038.15
Construction in progress
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 9,147,472.88 9,355,420.76
R&D expense
Goodwill
Long-term deferred expense
Deferred income tax assets 2,718,629.60 2,718,629.60
Other non-current assets
Total non-current assets 402,332,751.86 279,193,318.48
Total assets 469,176,171.11 474,307,384.24
Current liabilities:
Short-term borrowings
Financial liabilities at fair value through
gains/losses
Derivative financial liabilities
Notes payable
Accounts payable 19,442.64 19,442.64
Advances received 268,868.06 164,667.00
Payroll payable 249,847.13 202,963.22
Taxes payable 15,651,722.76 26,764,743.75
Interest payable
Dividends payable
Other accounts payable 57,904,355.73 42,223,361.35
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 74,094,236.32 69,375,177.96
Non-current liabilities:
Long-term borrowings
Bonds payable
16
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Of which: Preference shares
Perpetual bonds
Long-term payables
Long-term payroll payable
Special payables
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 74,094,236.32 69,375,177.96
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 52,129,496.58 52,129,496.58
Less: Treasury shares
Other comprehensive income
Special reserve
Surplus reserve 86,036,260.20 86,036,260.20
Retained earnings -61,683,821.99 -51,833,550.50
Total owners’ equity 395,081,934.79 404,932,206.28
Total liabilities and owners’ equity 469,176,171.11 474,307,384.24
3. Consolidated Income Statement for July-September
Unit: RMB
Item July-September 2017 July-September 2016
1. Operating revenue 140,067,791.16 31,096,129.57
Including: Net sales 140,067,791.16 31,096,129.57
Interest revenue
Premium revenue
Fee and commission revenue
2. Operating expenses 140,337,324.38 34,541,222.39
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Including: Cost of sales 135,501,088.27 29,518,839.65
Interest expense
Fee and commission expense
Surrenders
Net claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and surtaxes 359,692.49 15,791.65
Selling expense 758,013.98 823,421.02
Administrative expense 3,726,004.86 3,752,104.80
Finance costs 111,218.42 374,395.55
Asset impairment losses -118,693.64 56,669.72
Add: Gains on fair value changes (“-”
26,455.00 241,164.00
for losses)
Investment income (“-” for losses) -1,528,795.59 -7,264.63
Including: Share of gains/losses of
associates and joint ventures
Exchange gains (“-” for losses)
Other income
3. Operating margin (“-” for losses) -1,771,873.81 -3,211,193.45
Add: Non-operating income 0.01 91,059.82
Including: Gains on disposal of
non-current assets
Less: Non-operating expense 353,430.78 181,000.00
Including: Losses on disposal of
non-current assets
4. Gross margin (“-” for losses) -2,125,304.58 -3,301,133.63
Less: Income tax expense 731,384.29 127,549.99
5. Net margin (“-” for losses) -2,856,688.87 -3,428,683.62
Attributable to owners of the
-3,749,881.68 -3,633,237.49
parent
Attributable to minority interests 893,192.81 204,553.87
6. Other comprehensive income, net of
tax
Other comprehensive income, net
of tax attributable to owners of the
18
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
parent
6.1 Other comprehensive
income that will not be reclassified into
gains/losses
6.1.1 Changes in net liabilities
or assets with a defined benefit plan
upon re-measurement
6.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into gains/losses
under equity method
6.2 Other comprehensive
income to be subsequently reclassified
into gains/losses
6.2.1 Share of other
comprehensive income of investees that
will be reclassified into gains/losses
under equity method
6.2.2 Gains/Losses on fair
value changes of available-for-sale
financial assets
6.2.3 Gains/Losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective gains/losses
on cash flow hedges
6.2.5 Currency translation
differences
6.2.6 Other
Other comprehensive income, net
of tax attributable to minority interests
7. Total comprehensive income -2,856,688.87 -3,428,683.62
Attributable to owners of the
-3,749,881.68 -3,633,237.49
parent
Attributable to minority interests 893,192.81 204,553.87
8. Earnings per share
8.1 Basic earnings per share -0.011 -0.012
8.2 Diluted earnings per share -0.011 -0.012
Where business mergers under the same control occurred in this Reporting Period, the net profit achieved by the merged parties
before the business mergers was RMB0.00, with the corresponding amount for the last period being RMB0.00.
Legal representative: Ding Lihong Accounting head for this Report: Chen Jincai
19
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Head of the accounting department: Zeng Zhihua
4. Parent Company Income Statement for July-September
Unit: RMB
Item July-September 2017 July-September 2016
1. Operating revenue 102,752.00 0.00
Less: Operating expenses 30,442.35 0.00
Taxes and surtaxes 207,558.44
Selling expense
Administrative expense 2,737,588.39 2,692,491.09
Finance costs 286,443.42 327,624.51
Asset impairment losses
Add: Gains on fair value changes (“-”
for losses)
Investment income (“-” for loss) -1,889.29
Including: Share of gains/losses of
associates and joint ventures
Other income
2. Operating margin (“-” for losses) -3,161,169.89 -3,020,115.60
Add: Non-operating income
Including: Gains on disposal of
non-current assets
Less: Non-operating expense 353,362.97 150,000.00
Including: Losses on disposal of
non-current assets
3. Gross margin (“-” for losses) -3,514,532.86 -3,170,115.60
Less: Income tax expense
4. Net margin (“-” for losses) -3,514,532.86 -3,170,115.60
5. Other comprehensive income, net of
tax
5.1 Other comprehensive income that
will not be reclassified into gains and
losses
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
5.1.2 Share of other
comprehensive income of investees that
20
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
cannot be reclassified into gains/losses
under equity method
5.2 Other comprehensive income to
be subsequently reclassified into
gains/losses
5.2.1 Share of other
comprehensive income of investees that
will be reclassified into gains/losses
under equity method
5.2.2 Gains/Losses on fair value
changes of available-for-sale financial
assets
5.2.3 Gains/Losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
5.2.4 Effective gains/losses on
cash flow hedges
5.2.5 Currency translation
differences
5.2.6 Other
6. Total comprehensive income -3,514,532.86 -3,170,115.60
7. Earnings per share
7.1 Basic earnings per share -0.010 -0.010
7.2 Diluted earnings per share -0.010 -0.010
5. Consolidated Income Statement for January-September
Unit: RMB
Item January-September 2017 January-September 2016
1. Operating revenue 330,527,876.01 231,283,105.27
Including: Net sales 330,527,876.01 231,283,105.27
Interest revenue
Premium revenue
Fee and commission revenue
2. Operating expenses 328,184,046.43 234,317,706.08
Including: Cost of sales 314,035,742.31 220,113,682.22
Interest expense
Fee and commission expense
21
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Surrenders
Net claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and surtaxes 1,013,876.05 138,780.94
Selling expense 2,192,421.37 2,013,313.48
Administrative expense 11,050,508.43 10,713,596.54
Finance costs 421,752.53 1,114,329.41
Asset impairment losses -530,254.26 224,003.49
Add: Gains on fair value changes (“-”
-5,513,470.21 241,164.00
for losses)
Investment income (“-” for losses) -1,495,500.82 -8,787.57
Including: Share of gains/losses of
0.00
associates and joint ventures
Exchange gains (“-” for losses)
Other income
3. Operating margin (“-” for losses) -4,665,141.45 -2,802,224.38
Add: Non-operating income 0.34 91,060.26
Including: Gains on disposal of
non-current assets
Less: Non-operating expense 355,834.94 381,000.00
Including: Losses on disposal of
non-current assets
4. Gross margin (“-” for losses) -5,020,976.05 -3,092,164.12
Less: Income tax expense 3,038,416.90 1,976,103.61
5. Net margin (“-” for losses) -8,059,392.95 -5,068,267.73
Attributable to owners of the
-11,746,986.46 -7,941,339.20
parent
Attributable to minority interests 3,687,593.51 2,873,071.47
6. Other comprehensive income, net of
tax
Other comprehensive income, net
of tax attributable to owners of the
parent
6.1 Other comprehensive
income that will not be reclassified into
22
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
gains/losses
6.1.1 Changes in net liabilities
or assets with a defined benefit plan
upon re-measurement
6.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into gains/losses
under equity method
6.2 Other comprehensive
income to be subsequently reclassified
into gains/losses
6.2.1 Share of other
comprehensive income of investees that
will be reclassified into gains/losses
under equity method
6.2.2 Gains/Losses on fair
value changes of available-for-sale
financial assets
6.2.3 Gains/Losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective gains/losses
on cash flow hedges
6.2.5 Currency translation
differences
6.2.6 Other
Other comprehensive income, net
of tax attributable to minority interests
7. Total comprehensive income -8,059,392.95 -5,068,267.73
Attributable to owners of the
-11,746,986.46 -7,736,785.33
parent
Attributable to minority interests 3,687,593.51 2,668,517.60
8. Earnings per share
8.1 Basic earnings per share -0.037 -0.024
8.2 Diluted earnings per share -0.037 -0.024
Where business mergers under the same control occurred in this Reporting Period, the net profit achieved by the merged parties
before the business mergers was RMB0.00, with the corresponding amount for the last period being RMB0.00
6. Parent Company Income Statement for January-September
Unit: RMB
23
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
Item January-September 2017 January-September 2016
1. Operating revenue 739,816.14 0.00
Less: Operating expenses 196,798.62 0.00
Taxes and surtaxes 625,714.06
Selling expense
Administrative expense 8,606,254.32 7,277,376.74
Finance costs 823,122.59 969,899.18
Asset impairment losses 0.00 0.00
Add: Gains on fair value changes (“-”
0.00 0.00
for losses)
Investment income (“-” for loss) 15,164.93 0.00
Including: Share of gains/losses of
associates and joint ventures
Other income
2. Operating margin (“-” for losses) -9,496,908.52 -8,247,275.92
Add: Non-operating income 0.00 0.00
Including: Gains on disposal of
non-current assets
Less: Non-operating expense 353,362.97 350,000.00
Including: Losses on disposal of
non-current assets
3. Gross margin (“-” for losses) -9,850,271.49 -8,597,275.92
Less: Income tax expense
4. Net margin (“-” for losses) -9,850,271.49 -8,597,275.92
5. Other comprehensive income, net of
tax
5.1 Other comprehensive income that
will not be reclassified into gains and
losses
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
5.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into gains/losses
under equity method
5.2 Other comprehensive income to
be subsequently reclassified into
gains/losses
24
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
5.2.1 Share of other
comprehensive income of investees that
will be reclassified into gains/losses
under equity method
5.2.2 Gains/Losses on fair value
changes of available-for-sale financial
assets
5.2.3 Gains/Losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
5.2.4 Effective gains/losses on
cash flow hedges
5.2.5 Currency translation
differences
5.2.6 Other
6. Total comprehensive income -9,850,271.49 -8,597,275.92
7. Earnings per share
7.1 Basic earnings per share -0.031 -0.027
7.2 Diluted earnings per share -0.031 -0.027
7. Consolidated Cash Flow Statement for January-September
Unit: RMB
Item January-September 2017 January-September 2016
1. Cash generated by or used in
operating activities:
Cash generated by sale of
427,234,003.71 259,674,830.64
commodities and rendering of service
Net increase in money deposits from
customers and interbank placements
Net increase in loans from Central
Bank
Net increase in funds borrowed from
other financial institutions
Cash received as premiums of
original insurance contracts
Net cash generated by reinsurance
business
Net increase in deposits of policy
holders and investment fund
Net increase in disposal of financial
25
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
assets at fair value through gains/losses
Interest, fees and commissions
received
Net increase in interbank borrowings
Net increase in funds in repurchase
business
Tax rebates received
Cash generated by other operating
61,306,244.19 916,724,520.92
activities
Subtotal of cash generated by operating
488,540,247.90 1,176,399,351.56
activities
Cash paid for goods and services 426,752,204.15 284,072,472.80
Net increase in loans and advances to
customers
Net increase in funds deposited in
Central Bank and interbank placements
Cash paid for claims of original
insurance contracts
Interest, fees and commissions paid
Cash paid as policy dividends
Cash paid to and for employees 3,310,703.21 3,445,059.28
Taxes paid 16,906,474.80 2,843,512.58
Cash used in other operating
49,814,802.13 916,325,670.61
activities
Subtotal of cash used in operating
496,784,184.29 1,206,686,715.27
activities
Net cash from operating activities -8,243,936.39 -30,287,363.71
2. Cash generated by or used in
investing activities:
Cash generated by disinvestments 9,866,892.53 2,867.06
Cash received as investment income 50,187.43 10.00
Net cash generated by disposal of
fixed assets, intangible assets and other 116,000.00
long-term assets
Net cash generated by disposal of
subsidiaries or other business units
Cash generated by other investing
activities
Subtotal of cash generated by investing
9,917,079.96 118,877.06
activities
Cash paid to acquire fixed assets, 143,367.08 1,973,030.00
26
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
intangible assets and other long-term
assets
Cash paid for investments 121,669,186.22 4,491,128.63
Net increase in pledged loans
Net cash paid to acquire subsidiaries
and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
121,812,553.30 6,464,158.63
activities
Net cash from investing activities -111,895,473.34 -6,345,281.57
3. Cash generated by or used in
financing activities:
Cash received as capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received as borrowings
Cash generated by issuance of
bonds
Cash generated by other financing
activities
Subtotal of cash generated by financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority interests
Cash used in other financing
activities
Sub-total of cash used in financing
activities
Net cash from financing activities 0.00 0.00
4. Effect of foreign exchange rate
-469.51 93.07
changes on cash and cash equivalents
5. Net increase in cash and cash
-120,139,879.24 -36,632,552.21
equivalents
Add: Opening balance of cash and
123,886,976.82 301,471,305.21
cash equivalents
6. Closing balance of cash and cash 3,747,097.58 264,838,753.00
27
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
equivalents
8. Parent Company Cash Flow Statement for January-September
Unit: RMB
Item January-September 2017 January-September 2016
1. Cash generated by or used in
operating activities:
Cash generated by sale of
395,200.00
commodities and rendering of service
Tax rebates received
Cash generated by other operating
49,412,876.60 14,307,160.33
activities
Subtotal of cash generated by operating
49,412,876.60 14,702,360.33
activities
Cash paid for goods and services
Cash paid to and for employees 1,354,964.19 899,948.65
Taxes paid 12,468,099.71 20,425.50
Cash used in other operating
29,223,154.54 260,846,015.92
activities
Subtotal of cash used in operating
43,046,218.44 261,766,390.07
activities
Net cash from operating activities 6,366,658.16 -247,064,029.74
2. Cash generated by or used in
investing activities:
Cash generated by disinvestments
Cash received as investment income
Net cash generated by disposal of
fixed assets, intangible assets and other
long-term assets
Net cash generated by disposal of
subsidiaries or other business units
Cash generated by other investing
activities
Subtotal of cash generated by investing
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 1,180,000.00
assets
Cash paid for investments 120,000,000.00
Net cash paid to acquire subsidiaries 5,000,000.00
28
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2017
and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
125,000,000.00 1,180,000.00
activities
Net cash from investing activities -125,000,000.00 -1,180,000.00
3. Cash generated by or used in
financing activities:
Cash received as capital
contributions
Cash received as borrowings
Cash generated by issuance of
bonds
Cash generated by other financing
activities
Subtotal of cash generated by financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Cash used in other financing
activities
Sub-total of cash used in financing
activities
Net cash from financing activities
4. Effect of foreign exchange rate
changes on cash and cash equivalents
5. Net increase in cash and cash
-118,633,341.84 -248,244,029.74
equivalents
Add: Opening balance of cash and
119,117,878.02 250,310,105.45
cash equivalents
6. Closing balance of cash and cash
484,536.18 2,066,075.71
equivalents
II Auditor’s Report
Are the Q3 2017 financial statements audited?
□Yes √ No
These financial statements are unaudited.
29
