Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Sino Great Wall Co., Ltd.
The Third Quarterly Report 2018
October 2018
1
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Chen Lue, Person in charge of the Company, Mr.Tang Xianyong, Chief financial officer and the Mr. Tang
Xianyong, 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 this Quarterly Report.
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
II. Basic information about the company
I.Main financial 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 the Changed （%）over end of
As at the end of last year
reporting period prev. year
Gross assets（Yuan） 10,995,887,423.35 11,667,845,186.30 -5.76%
Net assets attributable to the
shareholders of the listed 2,085,798,371.28 2,151,482,467.52 -3.05%
company（Yuan）
Between beginning
Increase/decrease
of the year to the Changed （%）over
Reporting period over the same period
end of the report end of prev. year
of last year（%）
period
Operating income（Yuan） 672,083,613.81 -59.52% 2,259,055,189.05 -51.78%
Net profit attributable to the
shareholders of the listed -118,516,821.76 -183.55% 25,482,633.97 -93.79%
company（Yuan）
Net profit after deducting of
non-recurring gain/loss
-144,157,168.16 -201.54% -178,741,907.03 -143.93%
attributable to the shareholders
of listed company（Yuan）
Cash flow generated by business
-- -- 1,287,313,317.95 263.90%
operation, net（Yuan）
Basic earning per
-0.0698 -183.59% 0.0150 -93.75%
share(Yuan/Share)
Diluted gains per
-0.0698 -183.59% 0.0150 -93.75%
share(Yuan/Share)
Weighted average income/asset
-5.52% -12.61% 1.20% -20.29%
ratio（%）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB yuan
Amount (Year-beginning to
Items the end of the report Notes
period.)
Non-current asset disposal gain/loss(including the write-off part
-641,051.32
for which assets impairment provision is made)
Income from the exceeding part between investment cost of the
Mainly due to the acquisition
Company paid for obtaining subsidiaries, associates and
70,486,755.72 of Baden-Baden Hospital
joint-ventures and recognizable net assets fair value attributable
evaluation value-added
to the Company when acquiring the investment
Net amount of non-operating income and expense except the 134,378,836.60 Mainly due to the Land
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
aforesaid items compensation paid by Union
Holdings
Total 204,224,541.00 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the
Public-Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item.
□ 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 with the voting
Total number of common
71,164 power recovered at the end 0
shareholders at the period-end
of the reporting period(if
any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
tradable shares
Shareholder Properties of Share
Quantity with Status of the
name shareholder proportion % Quantity
Conditional shares
held
Domestic
Chen Lue 34.36% 583,454,556 581,340,196 freeze 583,454,556
Natural person
STYLE-SUCC Foreign legal
5.47% 92,970,910
ESS LIMITED person
Union Domestic Non-
Holdings Co., State-owned 5.18% 87,935,921
Ltd. legal person
Domestic
He Feiyan 3.23% 54,800,458 54,800,458 freeze 54,800,458
Natural person
Jiutai Fund－
Bank of
Communicatio
ns－Jiutai
Other 2.50% 42,479,672 42,479,672
Huitong No.2
specific
customer asset
management
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
plan
Rich Crown
Foreign legal
Investment Co., 1.37% 23,235,313
person
Ltd.
Qinghai Heyi
Domestic Non-
Industry
State-owned 0.79% 13,357,084 Pledge 13,357,000
Development
legal person
Co.,Ltd/
Domestic
Huang Huaian 0.72% 12,288,800
Natural person
Domestic
Li Guanping 0.49% 8,236,700
Natural person
Zheng Domestic
0.35% 6,000,026
Qianghui Natural person
Shares held by the Top 10 Shareholders of Non-restricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Foreign shares
placed in
STYLE-SUCCESS LIMITED 92,970,910 92,970,910
domestic
exchange
RMB Common
Union Holdings Co., Ltd. 87,935,921 87,935,921
shares
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 23,235,313 23,235,313
domestic
exchange
Qinghai Heyi Industry RMB Common
13,357,084 13,357,084
Development Co.,Ltd/ shares
RMB Common
Huang Huaian 12,288,800 12,288,800
shares
RMB Common
Li Guanping 8,236,700 8,236,700
shares
RMB Common
Zheng Qianghui 6,000,026 6,000,026
shares
RMB Common
Chen Cheng 6,000,000 6,000,000
shares
Jiangxi Kangfu Real Estate Co., RMB Common
5,700,000 5,700,000
Ltd. shares
Foreign shares
placed in
Chen Lihong 4,775,760 4,775,760
domestic
exchange
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
The above shareholder Mr. Chen Lu and the shareholder Ms. He Feiyan are acting in
Explanation on associated
concert; the shareholder “Union Holdings Co., Ltd.”and the shareholder “Rich Crown
relationship or concerted action of
Investment Co., Ltd.”, whose controlling shareholder is “Union Development Group
the above shareholders Co.,Ltd.”. whether the other shareholders have associated relations are unknown.
Note to the top 10 common
stockholders involved in margin
Nil
financing & securities lending (If
any)
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
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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
Same period of the
This period/Year-end previous
Items Changes % Remarks on the change
balance year/Year-beginning
balance
Mainly due to the increase of company
Notes receivable 447,177,239.41 288,201,562.88 55.16%
bill collection.
Mainly due to the merger of Acura
Fixed assets 327,340,997.07 174,537,150.56 87.55%
Kliniken Baden-Baden GmbH
Mainly due to installation of overseas
Construction in progress 437,000.00 4,968,590.96 -91.20%
equipment
Mainly due to the increase in short-term
Other account payable 1,395,803,754.30 537,070,684.98 159.89%
capital borrowing.
Non-current liability due in 1 Mainly due to the maturity of the loan in
1,192,851,267.22 820,422,471.45 45.39%
year the coming year.
Mainly due to the maturity of the loan in
Long-term Borrowing 150,000,000.00 843,092,471.02 -82.21%
the coming year.
Mainly due to the merger of Acura
Deferred tax liability 51,894,878.61 26,088,961.71 98.92%
Kliniken Baden-Baden GmbH
Mainly for the national credit tightening,
the tight capital led to the company's
Business income 2,259,055,189.05 4,685,207,526.32 -51.78%
business contraction, the project
progressed slowly.
Business cost 1,970,673,537.82 3,657,257,165.36 -46.12% Due to reduced operating income.
Due to the increased Long-term and
Financial expenses 400,405,629.14 132,272,854.08 202.71%
short-term borrowing.
Income tax expenses 7,699,247.03 81,101,852.86 -90.51% Due to reduced profits.
Net cash flow generated by Mainly because the current payment is
1,287,313,317.95 -785,444,322.16 -263.90%
operation activities better.
Net cash flow generated by
-351,491,732.24 -606,720,595.95 -42.07% Mainly due to reduced investment.
investment activities
Net cash flow generated by Mainly due to the repayment of loans in
-1,424,770,406.23 1,616,558,862.59 -188.14%
financing activities the current period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
□ Applicable √ Not applicable
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
III. Commitments finished in implementation by the Company, shareholders, actual controller, 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
The company has no commitments completed in period and those without completed till lend of the period from
actual controller, shareholders, related parties, purchaser and companies.
IV. Anticipation of Business Performance of 2018
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
□ Applicable √ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Entrusted Financial Management
□ Applicable √ Not applicable
No securities investment in period.
VII. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
VIII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
X. 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
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Sino Great Wall Co., Ltd.
September 30,2018
In RMB yuan
Items At the end of term Beginning of term
Current asset：
Monetary fund 1,222,691,983.34 1,604,973,916.12
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable and account
5,668,909,779.12 5,994,876,806.96
receivable
Including： Notes receivable 447,177,239.41 288,201,562.88
Account receivable 5,221,732,539.71 5,706,675,244.08
Advance payment 246,095,408.35 225,208,527.88
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 1,180,185,927.08 1,674,675,360.28
Repurchasing of financial assets
Inventories 748,555,829.35 556,839,325.50
Assets held for sales
Non-current asset due in 1 year
Other current asset 15,868,715.23 17,126,911.05
Total of current assets 9,082,307,642.47 10,073,700,847.79
Non-current assets：
Loans and payment on other’s behalf
disbursed
Available for sale of financial assets 10,338,500.00 10,338,500.00
Expired investment in possess
Long-term receivable 16,780,123.46 14,328,557.82
Long term share equity investment
Property investment
Fixed assets 327,340,997.07 174,537,150.56
Construction in progress 437,000.00 4,968,590.96
Production physical assets
Gas & petrol
Intangible assets 146,102,050.94 127,524,445.00
development expenses
Goodwill 57,769,954.64 64,494,271.55
Long-germ expenses to be
9,183,168.42 10,124,913.15
amortized
Deferred income tax asset 116,582,099.44 118,233,337.36
Other non-current asset 1,229,045,886.91 1,069,594,572.11
Total of non-current assets 1,913,579,780.88 1,594,144,338.51
Total of assets 10,995,887,423.35 11,667,845,186.30
Current liabilities
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Short-term loans 2,409,540,278.76 3,477,200,420.55
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable and account payable 2,517,689,190.38 2,626,177,075.77
Advance receipts 125,579,343.25 146,379,852.67
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 60,753,902.81 21,911,542.07
Tax payable 475,002,266.80 357,445,477.71
Other account payable 1,395,803,754.30 537,070,684.98
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 1,192,851,267.22 820,422,471.45
Other current liability 121,529,600.95
Total of current liability 8,177,220,003.52 8,108,137,126.15
Non-current liabilities：
Long-term loan 150,000,000.00 843,092,471.02
Bond payable 345,000,000.00 345,000,000.00
Including：preferred stock
Sustainable debt
Long-term payable 62,606,067.75 81,945,567.86
Long-term payable employee’s
remuneration
Expected liabilities 2,958,723.15 3,414,189.15
Deferred income 5,890,413.95
Deferred income tax liability 51,894,878.61 26,088,961.71
Other non-current liabilities
Total non-current liabilities 618,350,083.46 1,299,541,189.74
Total of liability 8,795,570,086.98 9,407,678,315.89
Owners’ equity
Share capital 1,698,245,011.00 1,698,245,011.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves -1,299,349,701.74 -1,299,349,701.74
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Less：Shares in stock
Other comprehensive income 595,233.77 858,242.13
Special reserves 137,193,764.46 164,231,078.18
Surplus reserves 84,394,441.23 84,394,441.23
Common risk provision
Retained profit 1,464,719,622.56 1,503,103,396.72
Total of owner’s equity belong to the
2,085,798,371.28 2,151,482,467.52
parent company
Minority shareholders’ equity 114,518,965.09 108,684,402.89
Total of owners’ equity 2,200,317,336.37 2,260,166,870.41
Total of liabilities and owners’ equity 10,995,887,423.35 11,667,845,186.30
Legal Representative: Chen Lue Person in charge of accounting：Tang Xianyong Accounting Dept Leader: Tang Xianyong
2.Parent Company Balance Sheet
In RMB yuan
Items At the end of term Beginning of term
Current asset：
Monetary fund 243,505,951.54 407,959,304.60
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable and account receivable
Including：Notes receivable
Account receivable
Advance payment 3,865,500.01
Other account receivable 2,806,035,781.56 3,690,967,483.22
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 2,175,646.45
Total of current assets 3,049,541,733.10 4,104,967,934.28
Non-current assets：
Available for sale of financial assets
Expired investment in possess
Long-term receivable
Long term share equity investment 3,311,211,536.66 3,311,211,536.66
Property investment
Fixed assets 44,308.72 52,246.48
Construction in progress
Production physical assets
Gas & petrol
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Intangible assets
Development expenses
Goodwill
Long-germ expenses to be amortized 2,216,225.79 168,284.84
Deferred income tax asset
Other non-current asset 787,328,020.00 550,524,570.00
Total of non-current assets 4,100,800,091.17 3,861,956,637.98
Total of assets 7,150,341,824.27 7,966,924,572.26
Current liabilities
Short-term loans 1,541,182,123.93 2,287,870,000.00
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Notes payable and account payable 388,227,578.11 537,227,578.11
Advance receipts
Employees’ wage payable 4,533,410.16 1,580,335.12
Tax payable 94,478,087.53 97,124,633.81
Other account payable 990,089,993.91 392,422,663.75
Classified as held for sale debt
Non-current liability due in 1 year 1,176,250,000.00 700,000,000.00
Other current liability
Total of current liability 4,194,761,193.64 4,016,225,210.79
Non-current liabilities：
Long-term loan 800,000,000.00
Bond payable 100,000,000.00 100,000,000.00
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 100,000,000.00 900,000,000.00
Total of liability 4,294,761,193.64 4,916,225,210.79
Owners’ equity
Share capital 1,698,245,011.00 1,698,245,011.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,237,956,472.37 1,237,956,472.37
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Less：Shares in stock
Other comprehensive income
Special reserves
Surplus reserves 26,309,287.00 26,309,287.00
Retained profit -106,930,139.74 88,188,591.10
Total of owners’ equity 2,855,580,630.63 3,050,699,361.47
Total of liabilities and owners’ equity 7,150,341,824.27 7,966,924,572.26
3.Consolidated Income statement of the Report period
In RMB yuan
Items Amount in this period Amount in last period
I. Total revenue 672,083,613.81 1,660,125,169.52
Incl：Business income 672,083,613.81 1,660,125,169.52
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 942,438,139.46 1,477,429,530.55
Incl：Business cost 658,461,435.36 1,337,658,549.60
Interest expenses
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount provided as insurance
contract reserves
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 745,870.79 444,136.65
Sales expense 1,941,491.70 5,186,848.41
Administrative expense 57,216,694.51 81,317,075.77
R & D expenses
Financial expenses 222,017,931.24 21,120,082.82
Including：Interest cost 215,522,929.15 20,689,788.99
Interest income 3,343,599.29 1,807,822.57
Asset impairment loss 2,054,715.86 31,702,837.30
Add： Other gains
Investment gain（“-”for loss）
Incl: Investment gains from affiliates
Fair value change income
Gains from currency exchange（“-”
113,926,608.10 -13,227,051.60
for loss）
Assets disposal income
III. Operational profit（“-”for loss） -156,427,917.55 169,468,587.37
Add ：Non-operational income 25,845,524.88 263,830.31
Less：Non-operational expenses 205,178.47 415,828.12
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
IV .Gross profit(“-”for loss) -130,787,571.14 169,316,589.56
Less：Income tax expenses -11,090,989.76 24,874,714.61
V. Net profit -119,696,581.38 144,441,874.95
(1) Categorized by going concern
(2) Termination of operating net
profit
Net profit attributable to the owners
-118,516,821.76 141,854,355.89
of parent company
Minority shareholders’ equity -1,179,759.62 2,587,519.06
VI. After tax net amount of
comprehensive income
Net of profit of other comprehensive
income attributable to owners 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 ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（II）
Other comprehensive income that wil
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
financial statements
6.Other
Net
after-tax of other comprehensive inco
me attributable to Minority
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
shareholders’ equity
VII. Total comprehensive income -119,696,581.38 144,441,874.95
Total comprehensive income
attributable to the owner of the parent -118,516,821.76 141,854,355.89
company
Total comprehensive income
-1,179,759.62 2,587,519.06
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.0698 0.0835
(II)Diluted earnings per share -0.0698 0.0835
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: Chen Lue Person in charge of accounting：Tang Xianyong Accounting Dept Leader: Tang Xianyong
4.Income statement of the Parent Company of the Report period
In RMB yuan
Items Amount in this period Amount in last period
I. Turnover 54,418.18 61,297.29
Less：Operation cost 0.00 0.00
Taxes and surcharge 34,225.74
Sales expenses 371,946.50
Administrative expenses 2,387,007.15 10,651,768.00
R & D cost
Financial expenses 117,586,989.99 15,358,373.68
Including：Interest cost 121,102,703.51
Interest income 3,518,795.43
Impairment loss on assets -1,355,806.96
Add：Other gains
Investment gains(“-“for loss)
Including: investment income from
associates and joint ventures
Fair value change income
Assets disposal income
II. Operational profit（“-”for loss） -118,563,772.00 -26,355,016.63
Add ：Non-operational income
Less：Non -operational expenses
III.Gross profit(“-”for loss) -118,563,772.00 -26,355,016.63
Less：Income tax expenses
IV. Net profit -118,563,772.00 -26,355,016.63
(1) Categorized by going concern
(2) Termination of operating net
profit
V.After tax net amount of
comprehensive income
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
（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 ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（ II ）
Other comprehensive income that wil
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
financial statements
6.Other
VI. Total comprehensive income -118,563,772.00 -26,355,016.63
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB yuan
Items Amount in this period Amount in last period
I. Total revenue 2,259,055,189.05 4,685,207,526.32
Including：Business income 2,259,055,189.05 4,685,207,526.32
Interest income
Insurance fee earned
Commission charge and commission
income
II. Total Business cost 2,583,757,816.17 4,142,505,782.67
Including：Business cost 1,970,673,537.82 3,657,257,165.36
Interest expense
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Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Commission chare and commission
expense
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,852,388.84 2,386,723.94
Sales expenses 18,463,113.78 23,281,434.80
Administrative expense 185,124,556.07 206,493,833.92
R & D cost
Financial expenses 400,405,629.14 132,272,854.08
Including：Interest cost 390,129,337.03 117,091,144.72
Interest income 9,833,816.40 6,316,332.71
Asset impairment loss 6,238,590.52 120,813,770.57
Add：Other gains
Investment gain（“-”for loss） 5,171,892.51
Including: investment income from
associates and joint ventures
Fair value change income
Gains from currency exchange（“-”
146,374,380.81 -41,886,089.93
for loss）
Assets disposal income
III. Operational profit（“-”for loss） -173,156,353.80 500,815,653.72
Add ：Non-operational income 205,066,020.08 4,708,455.09
Less：Non-operational expenses 841,479.08 508,950.45
IV. Gross profit(“-”for loss) 31,068,187.20 505,015,158.36
Less：Income tax expenses 7,699,247.03 81,101,852.86
V. Net profit 23,368,940.17 423,913,305.50
(1) Categorized by going concern
(2) Termination of operating net
profit
Net profit attributable to the owners
25,482,633.97 410,460,805.92
of parent company
Minority shareholders’ equity -2,113,693.80 13,452,499.58
VI.After tax net amount of
-263,008.36
comprehensive income
Net of profit of other comprehensive
income attributable to owners of the -263,008.36
parent company
（I）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
17
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
1.Re-measurement of defined benefit
plans of changes in net debt or net ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（II）
Other comprehensive income that wil -263,008.36
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
-263,008.36
financial statements
6.Other
Net
after-tax of other comprehensive inco
me attributable to Minority
shareholders’ equity
VII. Total comprehensive income 23,105,931.81 423,913,305.50
Total comprehensive income
attributable to the owner of the parent 25,219,625.61 410,460,805.92
company
Total comprehensive income
-2,113,693.80 13,452,499.58
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.0150 0.24
(II)Diluted earnings per share 0.0150 0.24
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.
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I. Turnover 171,780.25 172,315.30
Less：Business cost 0.00 1,482.50
18
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Taxes and surcharge 278,916.40
Sales expenses 994,445.50 371,946.50
Administrative expense 20,291,125.45 21,228,860.07
R & D cost
Financial expenses 198,992,446.79 52,725,808.24
Including：Interest cost 200,617,859.56
Interest income 3,944,055.45
Asset impairment loss 7,082,692.91 -57,423.85
Add：Other gains
Investment gain（“-”for loss）
Including: investment income from
associates and joint ventures
Fair value change income
Assets disposal income
II. Operational profit（“-”for loss） -227,188,930.40 -74,377,274.56
Add ：Non-operational income 100,000,000.00
Less：Non-operational expenses
III.Gross profit(“-”for loss) -127,188,930.40 -74,377,274.56
Less：Income tax expenses
IV. Net profit -127,188,930.40 -74,377,274.56
(1) Categorized by going concern
(2) Termination of operating net
profit
V.After tax net amount of
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 ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（ II ）
Other comprehensive income that wil
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas
19
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
financial statements
6.Other
VI. Total comprehensive income -127,188,930.40 -74,377,274.56
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
2,813,614,672.80 3,177,253,209.09
rending of services
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
Net increase of the financial assets
that are measured at fair value and
whose movement is counted to the
current gain and loss
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Tax returned 3,488,505.37 12,758,357.03
Other cash received from business
3,926,123,995.63 3,245,486,770.66
operation
Sub-total of cash inflow 6,743,227,173.80 6,435,498,336.78
Cash paid for purchasing of 2,518,844,052.72 2,823,791,162.98
20
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 179,518,278.57 284,756,611.90
Taxes paid 77,150,857.45 175,356,391.05
Other cash paid for business activities 2,680,400,667.11 3,937,038,493.01
Sub-total of cash outflow from
5,455,913,855.85 7,220,942,658.94
business activities
Cash flow generated by business
1,287,313,317.95 -785,444,322.16
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and 432,865.55
other long-term assets
Net cash received from disposal of
1,062,398.45
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow due to
1,495,264.00
investment activities
Cash paid for construction of fixed
assets, intangible assets and 12,179,377.50 45,779,721.11
other long-term assets
Cash paid as investment 376,429,730.78 517,381,774.84
Net increase of loan against pledge
Net cash received from subsidiaries
-35,622,112.04 43,559,100.00
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
352,986,996.24 606,720,595.95
investment activities
Net cash flow generated by
-351,491,732.24 -606,720,595.95
investment
III.Cash flow generated by financing
21
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Cash received as investment 490,000.00
Incl: Cash received as investment
from minor shareholders
Cash received as loans 1,255,509,245.00 4,026,537,500.00
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
1,255,999,245.00 4,026,537,500.00
financing activities
Cash to repay debts 2,425,799,391.05 1,758,114,122.78
Cash paid as dividend, profit, or
254,970,260.18 242,393,681.30
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
409,470,833.33
activities
Sub-total of cash outflow due to
2,680,769,651.23 2,409,978,637.41
financing activities
Net cash flow generated by financing -1,424,770,406.23 1,616,558,862.59
IV. Influence of exchange rate
alternation on cash and cash -4,433,209.17 -8,154,660.05
equivalents
V.Net increase of cash and cash
-493,382,029.69 216,239,284.43
equivalents
Add: balance of cash and cash
647,222,590.49 943,705,322.41
equivalents at the beginning of term
VI ..Balance of cash and cash
153,840,560.80 1,159,944,606.84
equivalents at the end of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
54,418.18 128,210.00
rending of services
Tax returned
Other cash received from business
3,768,971,880.81 2,603,508,330.39
operation
Sub-total of cash inflow 3,769,026,298.99 2,603,636,540.39
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for staffs 1,087,705.66 380,672.60
Taxes paid 1,012,663.31 366,621.64
Other cash paid for business activities 2,421,993,707.71 4,060,602,342.91
22
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
Sub-total of cash outflow from
2,424,094,076.68 4,061,349,637.15
business activities
Cash flow generated by business
1,344,932,222.31 -1,457,713,096.76
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible 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
Cash paid for construction of fixed
assets, intangible assets 65,440.00
and other long-term assets
Cash paid as investment 163,000,000.00 398,535,100.00
Net cash received from subsidiaries
5,000,000.00
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
163,000,000.00 403,600,540.00
investment activities
Net cash flow generated by
-163,000,000.00 -403,600,540.00
investment
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 840,650,000.00 3,131,370,000.00
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
840,650,000.00 3,131,370,000.00
financing activities
Cash to repay debts 1,909,087,876.07 980,000,000.00
Cash paid as dividend, profit, or
170,194,670.62 204,306,306.50
interests
Other cash paid for financing
60,833.33
activities
Sub-total of cash outflow due to 2,079,282,546.69 1,184,367,139.83
23
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
financing activities
Net cash flow generated by financing -1,238,632,546.69 1,947,002,860.17
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
-56,700,324.38 85,689,223.41
equivalents
Add: balance of cash and cash
99,547,899.86 168,691,344.34
equivalents at the beginning of term
VI ..Balance of cash and cash
42,847,575.48 254,380,567.75
equivalents at the end of term
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
Legal representative ：Chen Lue
Sino Great Wall Co., Ltd.
October 31,2018
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