HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
HEFEI MEILING CO., LTD
THE THIRD QUARTERLY REPORT FOR 2016
October 2016
1
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Section I. Important Notes
Board of Directors and the Supervisory Committee of Hefei Meiling Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities,
individual and/or joint, for the reality, accuracy and completion of the whole contents.
Principal of the Company Mr. Liu Tibin, Person in Charge of Accounting Works Mr. Zhang Xiaolong and Person
in Charge of Accounting Organ (Accounting Officer) Mr. Luo Bo hereby confirm that the Financial Report of the
Third Quarterly Report is authentic, accurate and complete.
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Third quarterly report of 2016 has not been audited.
All directors of the Company are attended the Meeting for quarterly report deliberation.
2
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Section II. Main accounting data and changes of shareholders
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
√Yes □No
Changes of this
End of last period period-end over same
End of this period
period-end of last year
Before adjustment After adjustment After adjustment
Total assets(RMB) 13,081,356,785.16 9,066,223,601.14 9,237,288,359.74 41.61%
Net assets attributable to
shareholders of listed company 3,497,586,150.52 3,384,574,993.19 3,475,377,586.34 0.64%
(RMB)
Increase/decrease in
Increase/decrease in
Year-begin to end of comparison with
Current period comparison with same
the Period year-begin to
period of last year
Period-end of last year
Operating revenue (RMB) 3,130,593,704.26 54.34% 9,997,224,966.94 16.24%
Net profit attributable to
shareholders of the listed company 55,295,963.61 1,176.55% 165,288,664.89 1.72%
(RMB)
Net profit attributable to
shareholders of the listed company
42,159,261.91 848.21% 132,960,916.62 -13.11%
after deducting non-recurring gains
and losses(RMB)
Net cash flow arising from
-- -- 1,562,939,649.39 57.22%
operating activities(RMB)
Basic earnings per share
(RMB/Share) 0.0724 1,176.55% 0.2164 1.72%
Diluted earnings per share
(RMB/Share) 0.0724 1,176.55% 0.2164 1.72%
1.41 percent point 0.13 percent point
Weighted average ROE
1.55% Increase 4.67% Increase
Note: the Company successfully acquired 98.856% equity interests of Guangdong Changhong Ridian Science &
Technology Company Limited (“Changhong Ridian”) in relevant bidding at the end of 2015, and completed
business and commercial registration procedures in respect of this acquisition in early February 2016. Upon
3
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
completion of the registration, the Company will hold 98.856% equity interests of Changhong Ridian. According
to relevant provisions under No.33 of the Enterprise Accounting Standards-consolidated financial statement, with
respect to subsidiaries and businesses acquired by the parent company due to business combination under the
same control during the reporting period, adjustments shall be made to the beginning figures in the consolidated
statement, and relevant items in comparative statements shall be also adjusted, as if the consolidated reporting
entity had been existing since the time when the ultimate controller begins to exercise control. Accordingly,
beginning figures for the period and figures of the corresponding period of last year are restated.
Reasons for changes in accounting policies and accounting error correction
□Applicable √Not applicable
Total share capital of the Company up to a trading day before disclosure:
Total share capital of the Company up to a trading day before
1,044,597,881
disclosure (Share)
Fully diluted earnings per share calculated with the latest share
0.1582
capital (RMB/Share)
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin to
Item Note
end of the Period
Gains/losses from the disposal of non-current asset (including the Found in “Non-operating income
write-off that accrued for impairment of assets) -1,023,871.76 and expenditure”
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
25,313,525.44
national standards, which are closely relevant to enterprise’s Found in “Non-operating income
business) and expenditure”
Except for effective hedge business relevant to normal operation
of the Company, gains and losses arising from fair value change
Found in “Investment income”
of tradable financial assets and tradable financial liabilities, and 7,122,928.57
and “Changes in fair value gains”
investment income from disposal of tradable financial assets,
tradable financial liabilities and financial assets available for sale
Other non-operating income and expenditure except for the Found in “Non-operating income
aforementioned items 5,366,293.59 and expenditure”
Less: impact on income tax 4,247,893.58
Impact on minority shareholders’ equity (post-tax) 203,233.99
Total 32,327,748.27 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
4
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Securities to the Public --- Extraordinary Profit/loss, explain reasons
√Applicable □Not applicable
Item Involved amount (RMB) Reason
During the Period, in line with the “Notice of VAT for Software
Products issued by Ministry of Finance and the State Administration of
Taxation” Cai Sui[2011] No.100, the wholly-owned subsidiary
Mianyang Meiling Software Technology Co., Ltd. received a
drawback of VAT for software products. With purpose of fully valued
the operation of the Company, in accordance with the relevant
Non-operating income 3,172,370.11
regulation of No. (III) clause of Article II in “Q&A Announcement
No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss(2008)”, as for the
government subsidy continues enjoy by certain quota or quantitative,
with closely relation with normal operation business, and qualified
national policies shall reckoned into recurring gains/losses
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Number of common shareholders and preference shareholders with voting rights recovered and top ten
common shareholders
In shares
Total preference shareholders
Total number of common shareholders at the with voting rights recovered
63,129 0
end of report period at end of reporting period (if
applicable)
Top ten shareholders
Amount of Number of share
Proportion of Amount of shares pledged/frozen
Shareholder’s name Nature of shareholder restricted shares
shares held held
held State of share Amount
Sichuan Changhong Electric Co., State-owned legal
21.58% 164,828,330 0 -- --
Ltd. person
Hefei Industrial Investment Holding State-owned legal
6.26% 47,823,401 0 -- --
(Group) Co., Ltd. person
Changhong (Hong Kong) Trade
Foreign legal person 3.30% 25,165,823 0 -- --
Co., Ltd.
CAO SHENGCHUN Foreign natural person 1.77% 13,542,207 0 -- --
Domestic natural
Wu Caiyin 1.40% 10,673,996 0 -- --
person
Domestic
ICBC-Huitianfu Balance Growth
non-state-owned legal 0.79% 6,042,529 0 -- --
Mix SIF
person
5
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
China Securities Finance Domestic general
0.58% 4,399,500 0 -- --
Corporation Limited legal person
NORGES BANK Foreign legal person 0.55% 4,216,432 0 -- --
DEUTSCHE BANK
Foreign legal person 0.44% 3,323,610 0 -- --
AKTIENGESELLSCHAFT
Long Qinfang Foreign natural person 0.43% 3,294,937 0 -- --
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Sichuan Changhong Electric Co., Ltd. 164,828,330 RMB ordinary shares 164,828,330
Hefei Industrial Investment Holding (Group) Co.,
47,823,401 RMB ordinary shares 47,823,401
Ltd.
Domestically listed
Changhong (Hong Kong) Trade Co., Ltd. 25,165,823 25,165,823
foreign shares
Domestically listed
CAO SHENGCHUN 13,542,207 13,542,207
foreign shares
Wu Caiyin 10,673,996 RMB ordinary shares 10,673,996
ICBC-Huitianfu Balance Growth Mix SIF 6,042,529 RMB ordinary shares 6,042,529
China Securities Finance Corporation Limited 4,399,500 RMB ordinary shares 4,399,500
Domestically listed
NORGES BANK 4,216,432 4,216,432
foreign shares
DEUTSCHE BANK AKTIENGESELLSCHAFT 3,323,610 RMB ordinary shares 3,323,610
Domestically listed
Long Qinfang 3,294,937 3,294,937
foreign shares
Among the above shareholders, Changhong (Hong Kong) Trade Co., Ltd. is the
wholly-owned subsidiary of Sichuan Changhong Electronic Co., Ltd.; there existed no
associated relationship or belong to the concerted actors as specified in the Measures
for the Administration of Information Disclosure of Shareholder Equity Changes of
Explanation on associated relationship among the Listed Companies among Sichuan Changhong Electronic Co., Ltd., Changhong (Hong
aforesaid shareholders Kong) Trade Co., Ltd. and other top 8 shareholders; as the Company has not known
whether there exists any business relationship among the other shareholders with
unrestricted subscription or they belong to the concerted actors as specified in the
Measures for the Administration of Information Disclosure of Shareholder Equity
Changes of Listed Companies.
Explanation on top ten common shareholders
Not applicable
involving margin business (if applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period
□ Yes √ No
6
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy-back agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
7
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
1. Changes of items of balance sheet and cause analysis
In RMB
Item Closing balance Opening balance Changes Reasons
The sale increased in the Period and due to the receivable
Note receivable 6,321,718,018.27 2,135,189,879.15 196.07%
for privately offering
Financial assets
measured by fair
Change of the fair value of forward foreign exchange
value and with its 2,281,687.20 - 100.00%
contract in the Period
variation reckon into
current gains/losses
Account paid in The account paid in advance to the suppliers at period-end
93,792,888.51 68,041,820.73 37.85%
advance increased
Interest accountable for the fixed term deposit of subsidiary
Interest receivable 2,228,315.08 1,238,199.65 79.96%
Zhongshan Changhong recognized
The capital was collected for the trust management from
Other current assets 41,701,666.49 539,101,578.44 -92.26%
parent company in the Period
Long-term equity Company invested more capital in some associated
98,180,964.59 74,239,547.01 32.25%
investment enterprises in the Period
Short-term loans from parent company increased in the
Short-term loans 724,439,071.88 58,680,093.19 1134.56%
Period
Financial liabilities
measured by fair
Same reason as “Financial assets measured by fair value and
value and with its 145,060.00 - 100.00%
with its variation reckon into current gains/losses”
variation reckon into
current gains/losses
Note payable 3,261,646,892.47 2,172,064,923.79 50.16% Note payable undue increased at period-end
The interest payable for loans are pay by parent company in
Interest payable 30,400.81 214,328.89 -85.82%
the Period
Other account The account of privately offering are collected temporary at
2,371,218,448.51 643,567,087.33 268.45%
payable period-end
Non-current The long-term loans due within one year are re-classified for
261,134,779.00 11,153,067.68 2241.37%
liabilities due within transfer-in
8
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
one year
The long-term loans due within one year are re-classified for
Long-term loans 50,603,427.20 243,004,866.40 -79.18%
transfer-out
Government specific received for the projects un-acceptance
Specific payable 1,400,000.00 - 100.00%
in the Period
Other
Changes of the rate in foreign money for foreign
comprehensive 422,352.79 -2,280,500.61 118.52%
subsidiaries in the Period
income
Minority’s interest 64,429,580.21 36,290,904.66 77.54% Minorities investment absorb by the subsidiary in the Period
2. Changes of items of profit statement and cause analysis
In RMB
Same period of last
Item This Period Changes Reasons
year
Business tax and surcharge 89,996,490.73 68,442,782.18 31.49% Additional tax as payable VAT increased in the Period
The account receivable and operation efficiency of the
Assets impairment losses 5,766,561.15 16,214,724.29 -64.44%
inventory assets growth on a y-o-y basis in the Period
Add: Changing income of
Gains from the fair value changes from forward
fair value(Loss is listed with 2,136,627.20 -1,206,430.00 277.10%
foreign exchange contract in the Period
“-”)
Investment income (loss is Associated enterprise gains on a y-o-y basis in the
6,625,694.81 -15,605,274.06 142.46%
listed with “-“) Period
Including: Investment
income on affiliated company 3,536,619.33 -18,400,988.39 119.22% Same reason as “Investment income”
and joint venture
Government grant received on a y-o-y growth in the
Add: non-operation revenue 38,230,085.35 23,051,887.91 65.84%
Period
Including: Disposal loss of The income from fixed assets disposal increased in the
4,017,716.14 860,658.87 366.82%
non-current asset Period
Less: non-operation Non-operational expenditure decreased on a y-o-y
5,401,767.97 9,330,099.23 -42.10%
expenditure basis in the Period
Minority shareholders’ gains Same of the non-wholly-owned subsidiary gains on a
547,468.49 -2,432,447.72 122.51%
and losses y-o-y basis in the Period
3. Changes of items of cash flow statement and cause analysis
In RMB
Same period of last
Item This Period Changes Reasons
year
Cash paid for purchasing
Purchasing raw materials and note payable paid on
goods and labor service 6,611,688,071.65 5,042,733,431.26 31.11%
due in the Period increased on a y-o-y basis
received
9
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Cash received from returns of The capital of due trust management received on a
500,000,000.00 100,500,000.00 397.51%
investments y-o-y growth
Cash received from The income received from trust management growth
6,693,575.48 2,795,714.33 139.42%
investment income on a y-o-y basis
Net cash received from
disposal of fixed assets, Account from disposal of fixed assets growth on a
25,572,793.14 4,202,632.00 508.49%
intangible assets and other y-o-y growth
long-term assets
cash paid for purchasing fixed
assets, intangible assets and 97,689,141.65 73,647,201.37 32.64% More fixed assets purchased in the Period
other long-term assets
Trust management capital are paid at same period of
Cash paid for investment 115,583,860.00 470,150,056.00 -75.42%
last year, no such account in the Period
Cash paid for other Same of the forward contract disposed in the Period
4,296,600.00 - 100.00%
investment activities are losses
Cash received from The account for privately offering in the Period, no
1,564,983,118.37 - 100.00%
absorbing investment such account at same period of last year
Cash received related with Odd stock dividend received by parent company, no
3,451.80 - 100.00%
other financing activities such account at same period of last year
Short-term loans paid by parent company decreased
Cash paid for debts 800,889,419.18 1,617,381,942.11 -50.48%
on a y-o-y basis
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) Particular about the last process of the fund raised and investment of fund raised
All projects invested with raised funds of non-public offering by the Company in 2010 have been completed and
reached the production index, balance of the raised funds have drawn in full by the Company. Up to 30 September
2016, net amount of RMB 1,177,954,320, the last raised fund, have received by the Company, interest
accumulated as RMB 44,788,824, a RMB 1,222,743,144 in total. Projects with raised fund have RMB 914706054
invested accumulated, actually RMB 308037090 used for current capital supplemental. Presently, the specific
account for last fund-raising capital was closed by the Company.
(II) Non-public issuance of share of the Company in 2016
The Company carried out privately offering of shares since end of 2015, and received a Reply on Privately
Offering of Shares of Hefei Meiling Co., Ltd. Approval (CSRC Permit[2016]No.1396) from the CSRC, the
non-public offering of shares have approved by the CSRC.
The above mentioned event found more in the notices and Annual Report 2015, 1Q of 2016 and Semi-Annual
Report 2016 released on appointed website Securities Times, China Securities Journal, Hong Kong Commercial
Daily and Juchao Website (www.cninfo.com.cn) dated 19 Nov. 2015, 23 Dec., 30 Dec.,2015 and 30 Jan. 2016, 24
10
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Feb., 7 March, 19 March, 25 March, 2 April, 7 April, 24 April, 30 April, 19 May and 26 July respectively(Notice
No. as No.: 2015-053, No.: 2015-054, No.: 2015-057, No.: 2015-063, No.: 2015-064, No.: 2015-065, No.:
2015-070, No.: 2016-006, No.: 2016-007, No.: 2016-009, No.: 2016-010, No.: 2016-011, No.: 2016-012, No.:
2016-014, No.: 2016-015, No.: 2016-016, No.: 2016-017, No.: 2016-018, No.: 2016-019, No.: 2016-024, No.:
2016-036, No.: 2016-037, No.: 2016-040, No.: 2016-045, No.: 2016-049, No.: 2016-051)
In September 2016, the Company privately offering RMB ordinary Shares (A-share) 280,858,676 shares to 7
qualified specific investors including Sichuan Changhong Elec Co., Ltd., shares issued with RMB 1.00 for each
face value and price of RMB 5.59. Totally RMB 1,569,999,998.84 raised, net amount raised as
RMB1,540,732,722.76 after deducting issuance fee (tax included) RMB 29,267,276.08. ShineWing CPA (Special
Ordinary Partnership) (hereinafter referred as ShineWing) have verified the condition of fully funded in privately
offering dated 18 September 2016, and carried out a Verification Report (XYZH/2016CDA40272).
In order to standardized the capital management of raised-funds, being deliberated and approved by the 25th
session of 8th Board of Directors, agreed to opening specific account for raised-funds in four banks respectively as
Hefei Jinzai Road Branch of Agricultural Bank of China, Hefei Souchun Branch of Bank of Communications,
Changjiang West Road Branch of China Everbright Bank and Hefei Changjiang East Road Branch of ICBC.
Meanwhile, the Company and underwriting sponsors- Shenwan Hongyuan Securities Underwriting Sponsors
Limited entered into a Three-Party Supervision Agreement for Raised-Fund with the above mentioned banks.
After privately offering, total share capital of the Company increased to 1,044,597,881 shares from 763,739,205.
Relevant registration information for the shares increased in the offering have been applied to the Shenzhen
Branch of CSDC on 28 September 2016, and have been listed on Shenzhen Stock Exchange dated 14 October
2016. meanwhile, the unrestricted 47,823,401shares originally held by former second largest shareholder of the
Company – Hefei Industry Investment Holding (Group) Co., Ltd. (hereinafter referred as II Group), takes 6.26%
of the total share capital 763,739,205 shares before privately offering. After privately offering, shares of the
Company held by II Group have no changed, except the share-ratio diluted down to 4.58%, and II Group is no
longer as the shareholders with over 5% shares held of the Company.
Found more in notices (No.: 2015-059, 2015-060 and 2015-061) released on appointed media Securities Times,
China Securities Journal, Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) on 13 October
2016.
In view of that, the total raised-fund have been transferred to the specific account by underwriting sponsor after
deducting underwriting sponsor’s fees. Among which, the account of “item of current fund supplemental” in
privately offering, after underwriting sponsor fee deduction, actually RMB 271,999,998.84 funded. According to
the Verification Report issued by ShineWing, after deducted other issuance fees RMB 1,267,276.08, the balance in
the account RMB 270,732,722.76 and interest have drawn for supplementing the current capital, and the account
of “item of current fund supplemental” will close after the money extract.
(III) Implementation for annual performance incentive fund
On August 9, 2012 and August 28, 2012, the Company considers the adoption of "Hefei Meiling annual
performance incentive fund implementation plan" (hereinafter referred to as "" stimulus "") on the 16th meeting of
11
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
the 7th board of directors and the 2012-second provisional shareholders meeting. Details were disclosed on
information disclosure media appointed by the Company as "Securities Times", "Chinese Securities Daily",
"Hong Kong Commercial Daily" and the Juchao network (www.cninfo.com.cn) on August 10, 2012 and August
29th in the form of announcement (No.: 2012-028, No.:2012-035).
1. Implementation about 2012, 2013 and 2014 performance incentive fund provision and distribution plan
Please see the details in "The implementation of the company's annual incentive funds "of "XV-Implementation of
the company’s stock incentive plan, employee stock ownership plan or other employee incentives " at "Section
Five-Important matters" in "2015 Annual Report" of the company disclosed on Mar. 25, 2016.
As at the end of this reporting period, stocks of the Company purchased by certain performance incentive grantees
of 2012 (other than directors, supervisors and senior management) with the 2012 performance incentive funds
granted to them and their own capital can be totally released, and stocks of the Company purchased by certain
performance incentive grantees of 2013 (other than directors, supervisors and senior management) with the 2013
performance incentive funds granted to them and their own capital can be half released. The overall shareholding
by these grantees is set out below. Stocks of the Company purchased by the performance incentive grantees of
2014 with the 2014 performance incentive funds granted to them and their own capital are held less than one year,
so all the stocks purchased by these grantees are locked for sale. The existing directors, supervisors and senior
management among the performance incentive grantees who purchase stocks of the Company under the 2012,
2013 and 2014 performance incentive plans have not reduced their shareholding.
2. Shareholding and reducing of performance incentive objects of the Company
Up to 30 September 2016, the total number of the company’s stock held by incentive objects is 10,386,002 shares,
accounting for 1.36% of the Company’s total share capital, of which A stock is 9,052,870 shares, accounting for
about 1.19% of the company’s total share capital, B stock is 1,333,132 shares, accounting for about 0.17% of the
company’s total share capital. Up to 30 September 2016, some 2012 & 2013 annual performance incentive objects
(non directors, supervisors or senior management) have cumulatively reduced holding of 3,093,454 shares from
September 2014 to the end of this reporting period, accounting for 0.41% of the company’s total share capital;
976,101 shares reduced holding in the Period, accounting for 0.13% of the company’s total shares.
(IV) Transaction with Sichuan Changhong Group Finance Co., Ltd
Subject to approval from the 2016 board of directors and general meeting of the Company, it is agreed for the
Company continued to enter into Financial Service Agreement with Sichuan Changhong Group Finance Co., Ltd.
(“Changhong Finance Company”) for a term of three years. Pursuant to the agreement, Changhong Finance
Company will provide a series of financial services including savings and loans within its operating scope
according to requirements of the Company and its subsidiaries. From the beginning of this year to the end of
reporting period, the connected transactions occurred between the Company and Changhong Finance Company
are set out below:
12
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Interest,
Increased during Decreased during handling
Item Opening balance Ending balance
the Year the Year charge paid or
received
I. Savings in Changhong
1,260,081,706.55 13,218,922,116.53 12,479,985,013.79 1,999,018,809.29 18,865,219.63
Group Finance Company
II. Borrowings from
Changhong Group Finance
Company
1.Short-term loans - - - - -
2.Long-term loans - - - - -
III. Other financial business
1.notes drawing 733,001,248.18 1,533,712,127.84 1,160,923,526.45 1,105,789,849.57 -
2.notes discounted 236,410,328.55 745,078,712.73 621,321,949.75 360,167,091.53 9,479,297.52
Note: the Company acquired Guangdong Changhong Ridian Technology Co., Ltd. (hereinafter referred to as
"Changhong Ridian") in early 2016, the above table already contains Changhong Ridian and Changhong Finance
related transactions deposits, loans and other financial services.
(V) Other significant events
Information index for temporary report
Overview Date for disclosure
disclosure
As approved by board of directors, the Company is approved to acquire
98.856% equity interests of Guangdong Changhong Ridian Science & 2015-12-19; Juchao Website:
Technology Company Limited (“Changhong Ridian”) in relevant bidding at 2015-12-24; http://www.cninfo.com.cn
the end of 2015, at the consideration of RMB95.65 million. During the 2016-1-5; ( No.: 2015-061, 2015-062, 2015-066,
reporting period, the business and commercial registration has been 2016-2-4; 2015-067, 2016-001, 2016-008 )
completed in respect of this equity transfer.
In order to ensure orderly proceeding of smart living project, as approved by Juchao Website:
board of directors, the Company is approved to invest in incorporation of 2016-1-8 http://www.cninfo.com.cn
Changmei Technology Company. ( No.: 2016-002)
Commitment Letter on No Reduction of Shareholding in Meiling Appliances Juchao Website:
within a half year issued by the first largest shareholder of the 2016-1-19 http://www.cninfo.com.cn
Company-Sichuan Changhong Appliances Company Limited. ( No.: 2016-003)
Due to change of personal job, Mr. Li Jin, the former vice chairman of the
Juchao Website:
Board, applied to resign as the director and vice chairman of the 8th board of
2016-1-21 http://www.cninfo.com.cn
directors and member of the strategic committee and remuneration and
( No.: 2016-004)
examination committee.
Zhongke Meiling Low Temperature Technology Company Limited 2016-1-30; Juchao Website:
13
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
(“Zhongke Meiling”), a controlling subsidiary of the Company, is officially 2016-2-24; http://www.cninfo.com.cn
listed on the national middle and small enterprise stock transfer system on 24 ( No.: 2016-005, 2016-013)
February 2016, in way of agreement transfer, with the securities abbreviation
and stock code being Zhongke Meiling and 835892 respectively.
As approved by the board of directors and general meeting, it is agreed for
the Company and its subsidiaries to carry out forward exchange capital Juchao Website:
2016-3-19;
transactions during the period from 1 July 2016 to 30 June 2017, the http://www.cninfo.com.cn
2016-4-6;
transaction balance shall not exceed USD500 million and settlement period ( No.: 2016-020, 2016-022, 2016-037)
for a single transaction shall not last for over 2 years.
As approved by the board of directors and general meeting, it is agreed for
Juchao Website:
the Company to continue financial service cooperation with Sichuan Finance
2016-3-19; http://www.cninfo.com.cn
Company, and to enter into Financial Service Agreement with a term of three
2016-4-6; ( No.: 2016-020, 2016-021, 2016-023,
years, in respect of which, the independent directors issued prior consent and
2016-024, 2016-037)
approval opinions.
The former second largest shareholder of the Company-Hefei Xingtai
Financial Holdings (Group) Company Limited transferred 49,477,513 stated
Juchao Website:
owned shares of the Company held by it to Hefei Industrial Investment
2016-3-25 http://www.cninfo.com.cn
Holdings (Group) Company Limited at nil consideration. As of the end of the
( No.: 2016-026)
reporting period, transfer registration procedures for this equity transfer has
been completed.
Being approved by the Board of Directors, and Shareholders General
Meeting, Mr. Xu Bangjun was elected as the candidate of non-independent
Juchao Website:
director for 8th BOD; service term is the same as 8th BOD. 2016-3-25;
http://www.cninfo.com.cn
Mr. Xu bangjun and Mr. Li Wei were elected as the deputy chairman of 8th 2016-5-5;
( No.: 2016-027, 2016-046, 2016-047)
BOD by the Board, and Mr. Xu elected as the member of Strategy Committee
of the 8th BOD and member of Remuneration and Examination Committee.
The board of directors agreed the subsidiary Zhongshan Changhong
Appliances Company (“Zhongshan Changhong”) to jointly, with the partner
RUBA GENERAL TRADING FZE (a company based in The United Arab
Juchao Website:
Emirates), increase capital injection into Changhong Ruba Trading
2016-3-25 http://www.cninfo.com.cn
Company(Private) Limited in cash according to the existing shareholding
( No.: 2016-027, 2016-032)
proportion. Changhong Ruba Trading Company (Private) Limited is a joint
venture sales company established by the two parties in Pakistan, the total
amount of the increased capital is USD6.40 million.
The board of directors agreed the subsidiaries Zhongshan Changhong and
Juchao Website:
Sichuan Changhong Air Conditioner Company to jointly establish
2016-3-25 http://www.cninfo.com.cn
PT.CHANGHONG MEILING ELECTRIC INDONESIA in Indonesia, with
( No.: 2016-027, 2016-033)
registered capital of USD 6.0 million.
As approved by board of directors, it is agreed for the Company to apply
Juchao Website:
from Hefei Branch of China Merchants Bank a special credit facility with the
2016-3-25 http://www.cninfo.com.cn
maximum amount of RMB300 million involving notes related businesses.
( No.: 2016-027, 2016-034)
The term of credit facility is one year, and the facility is mainly used on note
14
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
related business by way of note pledge.
The “Profit Distribution Plan for year of 2015” have been deliberated and
approved by the 19th session of 8th BOD, 10th session of 8th Supervisory
Juchao Website:
Committee and AGM of 2015 on 23 March 2016 and 4 May 2016, based on 2016-3-25;
http://www.cninfo.com.cn
the total shares dated 31 Dec. 2015-763,739,205 shares, distributed cash 2016-5-5;
( No.: 2016-027, 2016-028, 2016-046,
dividend as RMB 0.6 (tax included) for ever 10 shares to all of the 2016-5-9
2016-048)
shareholders. On 9 May 2016, the profit distribution plan released and
implemented.
On 2 June 2016, the Company opens a press conference of “Smart Space
Future Controlling” ----- Plan of Meiling Smart Ecosphere and new products
of second generation of CHiQ. On the press, the Company implemented the Juchao Website:
plan of “Smart Ecosphere”, and produce the second generation CHiQ 2016-6-3 http://www.cninfo.com.cn
refrigerator, which has smart changed with the space according to the food ( No.: 2016-050)
requirement for human-oriented, and the CHiQ smart air steward change the
air automatically.
According to the requirement of equity management for subordinate
enterprises, being deliberated and approved by the 23rd session of 8th BOD,
the 99% equity of Mianyang Meiling Software Technology Co., Ltd.
(Meiling Software) held by the Company transferred to the subordinate Juchao Website:
wholly-owned subsidiary Sichuan Changhong AC Co., Ltd. (Changhong 2016-7-29 http://www.cninfo.com.cn
AC).。Equity transferred price based on the net assets of Meiling Software up ( No.: 2016-052)
to 30 June 2016, and the price was RMB 5,798,619.62 after two parties’
confirmation. After transferred, Changhong AC and Mianyang Meiling
Refrigeration holds 100% equity of Meiling Software in total.
For better development of the Zhongke Meiling, established a perfected
long-term incentive mechanism, supplemented operation funds, strengthen
the vitality of stock exchange and promoted the continuous development,
BOD agrees Zhongke Meiling offering 3.15 million shares (3.15 million
Juchao Website:
included) at most to its senior executives and core employees, capital for
2016-9-21 http://www.cninfo.com.cn
raised is not over the RMB 5.1345 million (RMB 5.1345 million included);
( No.: 2016-055, 2016-056)
the issue objects shall subscribed in cash, meanwhile, the Company give up
pre-emption rights for the offering on equal conditions. The offering price
determined as RMB 1.63/Share, the evaluation value on net assets of
Zhongke Meiling up to 30 June 2016.
15
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
III. Commitments that the company, shareholders, actual controller, purchaser, directors, supervisors, senior management or other
related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period
√Applicable □ Not applicable
Implement
Commitment Acceptor Content Date Term
ation
1. The acquirer shall not engage in refrigerator business or
activity which competes or will compete with business of Meiling Strictly
Electrical Appliances Co., Ltd. (hereinafter referred to as the Valid for long term implemente
“Meiling Electrical Appliances”),or that which has interest d
conflict with Meiling Electrical Appliances.
Sichuan About committed and 2. The acquirer promises to apply shareholders’ right on a legal Strictly
Commitments Changhong promised in order to and reasonable manner and shall not take any action to limit or Valid for long term implemente
made in Electric Co., LTD prevent horizontal affect the normal operation of Meiling Electrical Appliances. d
acquisition (hereinafter competition in the
3. For any opportunity to engage in competing business, the 2007-6-12
report or equity referred to as the Acquisition Report of
acquirer will advise Meiling Electrical Appliances in written for
change report “Sichuan Hefei Meiling Co., Ltd.
engaging such business or not. If Meiling Electrical Appliances
Changhong”) gives no clear written reply as to whether engaging the competing Strictly
business or not within 20 days after receipt of the aforesaid letter, Valid for long term implemente
it shall be deemed that it will not engage in such business. The d
acquirer will only engage in non-competing business provided
that Meiling Electrical Appliances confirms not to or is deemed to
not engage in such non-competing business.
1. It will not engage in such business or activity that competes
Commitment Commitment regarding to with or has interest conflict with that of Meiling Electrical
Strictly
made during the Sichuan reducing and preventing Appliances except for the action taken for sake of Meiling
2010-6-24 Valid for long term implemente
non-public offer Changhong competition with Meiling Electrical Appliances as required by Meiling Electrical
d
in 2010 Electrical Appliances Appliances.
2. The Company promises to apply shareholders’ right on a legal
16
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
and reasonable manner and shall not take any action to limit or
affect the normal operation of Meiling Electrical Appliances.
3. In case that Meiling Electrical Appliances expects, on the basis
of its existing business, to expand its operation scope into the
business which the Company has already operated, the Company
agrees to grant pre emptive right to Meiling Electrical Appliances
regarding such business if the same conditions are met, provided
that the Company is still the controlling shareholder or actual
controller of Meiling Electrical Appliances.
1. Measures will be adopted to prevent continued related
transaction with Meiling Electrical Appliances: as to the related
transaction that can not be prevented, it will sign related
transaction agreement with Meiling Electrical Appliances under
the market principles of “equally paid and mutual benefit”, and
Commitment regarding to
fairly determined the transaction price according to the market
reducing and Strictly
standardizing related prevailing standards. 2010-6-24 Valid for long term implemente
transaction with Meiling 2. Perform the necessary obligations to make related directors and d
Electrical Appliances related shareholder abstain from voting according to relevant
regulation, and observe legal procedure for approving related
transaction and information disclosure obligations.
3. Promise not to hurt legal interests of Meiling Electrical
Appliances and other shareholders through related transaction.
Commit to authorized Changhong Air Conditioning and Zhongshan Air Conditioning Co., Strictly
Ltd. (hereinafter referred to as the “Zhongshan Air Conditioning”) to use “Changhong” 2010-11-6 Valid for long term implemente
trademark and relevant patents for free. d
The Company 1. Commit to disclose periodic reports on a truthful, accurate, complete, fair and prompt 2011-1-7 Valid for long term Strictly
17
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
manner, to disclose all the information that have important influences over investors, to implemente
accept supervision under the CSRC and Shenzhen Stock Exchange. d
2. Commit to make public clarification in respect of such information that is released from
any public media and may result in misleading influences on stock price once the Company
is aware of such information.
3. The directors, supervisors, senior management and core technicians of the Company will
accept opinions and criticism from the social publics, and they will not trade the Company’s
securities, directly or indirectly, with any inside information and other illegal methods. The
Company promises that the documents submitted to Shenzhen Stock Exchange exist no false
statement or material omission, and no relevant information will be disclosed during the
application for listing without prior content from Shenzhen Stock Exchange.
1. Since the property transfer didn’t involve the buildings and land currently used by Strictly
Changhong Air Conditioning, Sichuan Changhong commits, upon the completion of equity Valid for long term implemente
transfer, to continue to lease such assets to Changhong Air Conditioning at market price. d
Commitment 2. After completion of this property transfer, Sichuan Changhong commits to manage to
made in transfer prevent new related transaction with Meiling Electrical Appliances. For those which can not
Sichuan
of air be prevented, Sichuan Changhong commits to determine the transaction price based on 2009-12-10
Changhong Strictly
conditioning market accepted methods, so as to ensure fairness of related transaction and protection of the
Valid for long term implemente
assets property interest of Meiling Electrical Appliances.
d
3. Sichuan Changhong commits that it will not engage in air conditioning and refrigerator
business or activity which competes or will compete with business of Meiling Electrical
Appliances, or that which has interest conflict with Meiling Electrical Appliances.
Commitments Some of the 1. Make promise not to reduce the shares of Meiling bought in every year during
by Annual Directors, implementation of the performance incentive fund via any market ways in the later first year, 2013-8-15; Three years after
Implementi
performance supervisors and which was allowed to be reduced by 50% according to the laws and regulations in the second 2014-7-3; current shares
ng
incentive fund, senior executives year, and the remaining 50% was allowed to be reduced in the third year in accordance with 2015-7-21 purchased
incentive of the Company as the laws and regulations.
18
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
objects while well as other From the date when
2. The directors, supervisors and senior management promised to manage in accordance with
purchasing incentive objects annual incentive
the relevant management approaches in accordance with the "Company Law", "Securities
stock of the fund plan
Law" and "The Company’s shares held by the directors, supervisors and senior management
Company with deliberated and
of the listed company and its change management rules", as objects of annual performance 2013-8-15;
performance approved by general Implementi
incentive fund of Meiling, including but not limited to: during his tenure, the shares 2014-7-3;
incentive funds meeting to 6 moths ng
transferred each year shall not exceed 25% of the total number of shares held of the 2015-7-21
and owned fund after director,
Company; shall not sell the shares of the Company within six months after bought it or
supervisor and
purchase again six months after sold it; shall not transfer the shares held within six months
senior executives
after Dismission.
resigned
Sichuan 1. Based on market conditions and as allowed by laws and rules, multiple measures were
Changhong adopted adequately to increase shareholding of Meiling Appliances, so as to demonstrate its
Commitments Electric Co., LTD firm confidence on the PRC economy and Meiling Appliances with its actual actions,
Strictly
of not to and persons acting maintain sound development of capital market and promote recovery of healthy market;
2015-7-9 Valid for long term implemente
reducing the in concert
d
shares Changhong (Hong 2. The Company continued to support operation and development of listed company. It is
Kong) Trading committed to bringing steady and real return to investors.
Company Limited
Form 14 October
Sichuan Shares of the Privately Offering of A-Share subscribed should not be transferred within thirty Implementi
2016-3-6 2016 to 14 October
Changhong six (36) months since the privately offering closed ng
2019
Commitment
made during the
non-public offer Commitment on 1. I hereby undertake not to deliver interests to other entities or Till the completion
in 2016 Directors and compensation of individuals without consideration or at unfair conditions, nor to of projects invested
Implementi
senior executives immediate dilution of prejudice the Company’s interests by other means. 2016-2-23 with the proceeds
ng
of the Company return arising from 2. I hereby undertake to restrain my role related consumption from this
non-public issuance of behaviors. non-public issuance
19
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
shares 3. I hereby undertake not to conduct any investment and of shares
consumption which is not related to performance of duties with
utilization of any company assets.
4. I hereby undertake that the remuneration system determined by
the board of directors or the remuneration and examination
committee be linked to implementation of the compensation of
return measures.
5. In case that the Company adopts share based incentive plan in
future, I hereby undertake that the exercise conditions of the
incentive plan to be announced by the Company be linked to
implementation of the compensation of return measures.
6. For the period from the date of this commitment to the date of
completion of this non-public issuance of shares, if the CSRC
makes other new regulatory requirements on compensation of
return measures and the commitment thereof, and in case that the
above commitments cannot satisfy these new requirements from
the CSRC, I hereby undertake to issue supplementary
commitment in compliance with the latest CSRC requirements.
As one of the principals responsible for compensation of return
measures, I, in case of break of the above commitments or refuse
to perform the above commitments, agree to receive relevant
punishment or to adopt relevant administration measures
according to the systems, rules and regulations of the CSRC and
Shenzhen Stock Exchange.
1. Commit to disclose periodic reports on a truthful, accurate, complete, fair and prompt
manner, to disclose all the information that have important influences over investors, to Strictly
The Company accept supervision under the CSRC and Shenzhen Stock Exchange. 2016-10-12 Valid for long term implemente
d
2. Commit to make public clarification in respect of such information that is released from
20
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
any public media and may result in misleading influences on stock price once the Company
is aware of such information.
3. The directors, supervisors, senior management and core technicians of the Company will
accept opinions and criticism from the social publics, and they will not trade the Company’s
securities, directly or indirectly, with any inside information and other illegal methods.
Six purchaser Form 14 October
Implementi
except Sichun The privately offering A-share for year of 2016 has restriction term of listed for 12 months 2016-9-9 2016 to 14 October
ng
Changhong 2017
Perform the commitment promptly or not √Yes □No
If the commitments is not fulfilled on time,
shall explain the specify reason and the Not applicable
next work plan
Note: for the commitments completed and exemption for implementing in above mentioned table, the Company will not disclose in next ordinary report.
21
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
IV. Forecast of operation performance of 2016
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation on reason
□ Applicable √ Not applicable
V. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.
22
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
VI. Particulars about derivatives investment
√ Applicable □Not applicable
In 10 thousand Yuan
Amount of Ratio of
Amount reserve for investment
Relate Whether Amount sold
Investment purchased devaluation Investment amount at Actual
d related Initial during the
Operator Type Start date End date amount at during the of amount at period-end in net gains/losses in
relatio trade or investment reporting
period-begin reporting withdrawing period-end assets of the period
nship not period
period (if Company at
applicable) period-end
Forward
Financial foreign
N/A No 56,813.32 2016-5-30 2017-8-16 0 69,009.45 45,281.63 24,100.27 6.89% -372.45
institutions exchange
contract
Total 56,813.32 -- -- 0 69,009.45 45,281.63 24,100.27 6.89% -372.45
Capital resource Self-owned capital
Lawsuits (if applicable) Not applicable
Disclosure date for approval from the Board
2016-3-19
for investment of derivatives (if applicable)
Disclosure date for approval from board of
shareholders for investment of derivatives 2016-4-7
(if applicable)
Venture analysis and explanation on control Risk analysis:
measures for derivatives holding in Period 1. Market risk: the changes in domestic and foreign economic situation may create a major volatility in exchange rate, future exchange business under certain
(including but not limited to market risk, market risks. Forward exchange transaction business of the Company aims at lock-up the price in sale and purchase of foreign exchange, and lowers the impact
23
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
liquidity risk, credit risks, operational risk on profit from exchange fluctuations. The Company will closely following the changes in exchange rate, based on the target rate fix by business, with the
and legal risk etc.) research and judgment in aspect of the trend in foreign exchange rate, determine the signature planning of agreement for forward exchange transaction combine
with prediction on receipt and payment as well as the tolerance capacity of changing price arising from rate fluctuation; implement dynamic management on the
business to guarantee a reasonable profit standards for the Company.
2. Liquidity risk: all of the foreign exchange funds trading are depend on reasonably estimated of the import-export business in future, satisfy the requirement of
trading truth. In addition, forward exchange transaction operates in way of bank credit; there is no impact on the fund liquidity of the Company.
3. Bank default risk: if the cooperative bank close down or default in contractual period, the Company is un-able to settle the original foreign exchange contract
in contractual price, it exists a risks of income uncertainty. Therefore, the Company chose the Chinese-funded banks as Bank of China, Agricultural Bank of
China, Industrial and Commercial Bank of China and China Construction Bank, and CEB, China CITIC Bank –the shareholding Chinese banks for the foreign
exchange funds trading and part of the larger foreign banks (e.g. Deutsche Bank, United Overseas Bank, Oversea-Chinese Banking Corp. etc.), the above
mentioned banks owns fund strength and operating soundness, there is a slim chance of money costs for close down.
4. Operational risk: the money trading in forward exchange might causes relevant risks due to the incorrect operations by handling personnel, relevant
management mechanism has formulated by the Company, well-defined the operation procedure and duty officer in favor of preventing risk and risk control.
5. Legal risk: legal disputes may arise from the un-clear trading agreement signed between the Company and banks in aspect of money trading in forward
exchange. The Company strengthens the review on relevant contracts in way of law, and chooses banks for cooperation with good credit status in order to
control the risk.
Particular about the changes of market price
In accordance with the Article 7 “Recognition of Fair Value” of “The Accounting Standards for Enterprises No. 22—Recognition and Measurement of Financial
or product’s fair value of invested
Instruments”, the Company determined and measure the fair value basically in line with the price provided or obtained from pricing services such as banks. As
derivatives in Period; as for analysis of the
for the calculation of fair value for derivatives, it mainly refers to the un-matured contract of forward exchange facilities that signed with the banks in reporting
fair value of derivatives, disclosed specific
period, and recognized as transactional financial assets or liabilities based on the difference of forward exchange facilities’ contract quotation at period-end and
treatment methods and relevant hypothesis
forward rate. In the reporting period, the gains/losses of forward foreign exchange contract amounting to (3,724,500) Yuan.
and parameter setting
Explanation on major changes on specific
principle of accounting policy and
Not applicable
accounting calculation for derivatives in
Period, by comparing with last period
Specific opinions from independent directs Upon inspection, the independent directors of the Company believes that: during the reporting period, the Company carried out its foreign exchange forward
on derivative investment and risk deals in strict compliance with the standardized operation guidelines for listed issuer on main board (2015 amended) issued by Shenzhen Stock Exchange, the
controlling Articles of Association, Authorization Management of the Company, Management System in relating to Foreign Exchange Forward Deals, and these deals were
24
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
conducted within the authorization scope under general meeting and board meeting. The Company was based on the normal production and operation, relied on
the specific operation business, thus to avoid and prevent from exchange risks. The foreign exchange forward deals conducted by the Company were closely
related to its normal operation needs, which was beneficial to prevent the exchange risks exposed by import and export business and thus met its requirement
for operation development. There was no speculative operation, no break of relevant rules and regulations and relevant business was conducted under
corresponding decision-making procedures. Interests of the Company and entire shareholders, especially minority shareholders, were not prejudiced.
25
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
VII. Registration form for receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Time Way Type Basic situation index of investigation
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-1-7 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-1-15 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-1-22 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-1-26 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-5-11 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-5-24 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-6-16 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-6-27 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-7-29 Field research Institute
o?stockcode=000521
Institute and natural http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-2 Field research
person o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-3 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-5 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-10 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-23 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-25 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-29 Field research Institute
o?stockcode=000521
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-8-31 Field research Institute
o?stockcode=000521
26
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.d
2016-9-7 Field research Institute
o?stockcode=000521
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.
27
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 6,321,718,018.27 2,135,189,879.15
Settlement provisions
Capital lent
Financial liability measured by fair
value and with variation reckoned into 2,281,687.20 -
current gains/losses
Derivative financial liability
Notes receivable 1,491,421,568.75 1,286,332,682.74
Accounts receivable 1,380,721,508.86 1,338,396,321.83
Accounts paid in advance 93,792,888.51 68,041,820.73
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable 2,228,315.08 1,238,199.65
Dividend receivable
Other receivables 27,877,526.99 39,494,835.30
Purchase restituted finance asset
Inventories 1,426,156,383.97 1,554,946,209.51
Divided into assets held for sale
Non-current asset due within one year
Other current assets 41,701,666.49 539,101,578.44
Total current assets 10,787,899,564.12 6,962,741,527.35
Non-current assets:
Loans and payments on behalf
28
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Finance asset available for sales 17,000,000.00 17,000,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 98,180,964.59 74,239,547.01
Investment property 13,477,776.93 14,084,213.51
Fixed assets 1,229,015,760.80 1,267,493,931.98
Construction in progress 70,870,521.99 56,504,880.99
Engineering material
Disposal of fixed asset 75,788,138.47 75,773,138.47
Productive biological asset
Oil and gas asset
Intangible assets 597,606,844.73 593,449,698.85
Expense on Research and
67,638,049.56 53,344,827.72
Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 78,403,345.97 78,435,177.86
Other non-current asset 45,475,818.00 44,221,416.00
Total non-current asset 2,293,457,221.04 2,274,546,832.39
Total assets 13,081,356,785.16 9,237,288,359.74
Current liabilities:
Short-term loans 724,439,071.88 58,680,093.19
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into 145,060.00 -
current gains/losses
Derivative financial liability
Notes payable 3,261,646,892.47 2,172,064,923.79
Accounts payable 1,919,118,454.38 1,604,075,191.50
Accounts received in advance 276,614,334.71 295,604,800.16
Selling financial asset of repurchase
Commission charge and commission
payable
Wage payable 82,446,882.70 115,297,429.40
29
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Taxes payable 74,742,953.13 70,530,483.54
Interest payable 30,400.81 214,328.89
Dividend payable 2,545,801.23 2,200,499.91
Other accounts payable 2,371,218,448.51 643,567,087.33
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Divided into liability held for sale
Non-current liabilities due within 1
261,134,779.00 11,153,067.68
year
Other current liabilities
Total current liabilities 8,974,083,078.82 4,973,387,905.39
Non-current liabilities:
Long-term loans 50,603,427.20 243,004,866.40
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 31,177,841.52 38,211,463.86
Special accounts payable 1,400,000.00 -
Projected liabilities 332,017,394.85 338,125,014.55
Deferred income 130,059,312.04 132,890,618.54
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 545,257,975.61 752,231,963.35
Total liabilities 9,519,341,054.43 5,725,619,868.74
Owner’s equity:
Share capital 763,739,205.00 763,739,205.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 1,429,225,754.29 1,529,184,356.13
Less: Inventory shares
Other comprehensive income 422,352.79 -2,280,500.61
30
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Reasonable reserve
Surplus public reserve 367,066,994.18 367,066,994.18
Provision of general risk
Retained profit 937,131,844.26 817,667,531.64
Total owner’s equity attributable to parent
3,497,586,150.52 3,475,377,586.34
company
Minority interests 64,429,580.21 36,290,904.66
Total owner’s equity 3,562,015,730.73 3,511,668,491.00
Total liabilities and owner’s equity 13,081,356,785.16 9,237,288,359.74
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
2. Balance Sheet of Parent Company
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 5,085,758,951.19 1,654,499,494.28
Financial liability measured by fair
value and with variation reckoned into 2,281,687.20 -
current gains/losses
Derivative financial liability
Notes receivable 869,715,837.34 828,061,004.44
Accounts receivable 1,127,056,607.69 943,328,995.97
Account paid in advance 191,470,142.61 302,567,578.88
Interest receivable
Dividends receivable
Other receivables 102,188,941.77 53,255,891.89
Inventories 759,046,556.56 869,593,027.59
Divided into assets held for sale
Non-current assets maturing within one
year
Other current assets 25,246,211.93 522,617,641.34
Total current assets 8,162,764,936.29 5,173,923,634.39
Non-current assets:
Available-for-sale financial assets 17,000,000.00 17,000,000.00
Held-to-maturity investments
31
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Long-term receivables
Long-term equity investments 1,009,294,714.32 840,634,581.05
Investment property 11,450,487.49 11,805,903.99
Fixed assets 870,414,151.27 890,217,780.00
Construction in progress 13,356,482.50 20,365,686.01
Project materials
Disposal of fixed assets 43,494,954.71 43,479,954.71
Productive biological assets
Oil and natural gas assets
Intangible assets 429,209,268.32 438,227,183.15
Research and development costs 17,566,872.58 2,162,829.06
Goodwill
Long-term deferred expenses
Deferred income tax assets 69,469,080.49 70,170,515.47
Other non-current assets
Total non-current assets 2,481,256,011.68 2,334,064,433.44
Total assets 10,644,020,947.97 7,507,988,067.83
Current liabilities:
Short-term borrowings 697,939,071.88 34,411,720.00
Financial liability measured by fair
value and with variation reckoned into 145,060.00 -
current gains/losses
Derivative financial liability
Notes payable 1,577,388,083.90 1,395,443,530.25
Accounts payable 1,200,762,432.36 1,114,807,199.47
Accounts received in advance 245,240,897.18 145,333,375.62
Wage payable 12,362,271.27 42,847,802.62
Taxes payable 15,488,409.64 20,425,867.86
Interest payable 30,400.81 214,328.89
Dividend payable 2,545,801.23 2,200,499.91
Other accounts payable 2,630,915,408.25 686,009,980.82
Divided into liability held for sale
Non-current liabilities due within 1
257,469,027.08 7,487,315.76
year
Other current liabilities
32
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Total current liabilities 6,640,286,863.60 3,449,181,621.20
Non-current liabilities:
Long-term loans 5,701,900.00 199,341,900.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 31,177,841.52 38,211,463.86
Special accounts payable
Projected liabilities 332,017,394.85 338,125,014.55
Deferred income 64,765,276.45 68,050,877.23
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 433,662,412.82 643,729,255.64
Total liabilities 7,073,949,276.42 4,092,910,876.84
Owners’ equity:
Share capita 763,739,205.00 763,739,205.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 1,493,143,491.54 1,497,987,446.59
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 366,848,828.50 366,848,828.50
Retained profit 946,340,146.51 786,501,710.90
Total owner’s equity 3,570,071,671.55 3,415,077,190.99
Total liabilities and owner’s equity 10,644,020,947.97 7,507,988,067.83
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
3. Consolidated Profit Statement (the period)
In RMB
Item Current Period Last Period
33
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
I. Total operating income 3,130,593,704.26 2,028,359,377.87
Including: Operating income 3,130,593,704.26 2,028,359,377.87
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 3,076,387,035.13 2,005,125,100.79
Including: Operating cost 2,596,993,536.17 1,683,686,810.59
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 27,854,913.26 22,719,815.53
Sales expenses 398,059,771.10 252,640,828.62
Administration expenses 113,633,218.57 84,760,152.62
Financial expenses -29,334,284.01 -19,439,394.21
Losses of devaluation of asset -30,820,119.96 -19,243,112.36
Add: Changing income of fair
3,415,197.41 -4,859,700.00
value(Loss is listed with “-”)
Investment income (Loss is listed
2,472,603.86 -10,120,841.34
with “-”)
Including: Investment income on
4,369,829.75 -11,918,415.45
affiliated company and joint venture
Exchange income (Loss is listed
- -
with “-”)
III. Operating profit (Loss is listed
60,094,470.40 8,253,735.74
with “-”)
Add: Non-operating income 16,758,382.91 8,040,700.05
Including: Disposal gains of
3,686,882.38 845,874.87
non-current asset
34
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Less: Non-operating expense 3,582,893.79 61,703.36
Including: Disposal loss of
3,496,458.26 2,194.90
non-current asset
IV. Total Profit (Loss is listed with
73,269,959.52 16,232,732.43
“-”)
Less: Income tax expense 17,357,472.98 15,004,174.47
V. Net profit (Net loss is listed with “-”) 55,912,486.54 1,228,557.96
Net profit attributable to owner’s of
55,295,963.61 4,331,668.79
parent company
Minority shareholders’ gains and
616,522.93 -3,103,110.83
losses
VI. Net after-tax of other
1,136,930.29 541,651.50
comprehensive income
Net after-tax of other comprehensive
income attributable to owners of parent 888,396.33 338,644.07
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified 888,396.33 338,644.07
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
35
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign 888,396.33 338,644.07
currency financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority 248,533.96 203,007.43
shareholders
VII. Total comprehensive income 57,049,416.83 1,770,209.46
Total comprehensive income
attributable to owners of parent 56,184,359.94 4,670,312.86
Company
Total comprehensive income
865,056.89 -2,900,103.40
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0724 0.0057
(ii) Diluted earnings per share 0.0724 0.0057
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
4. Profit Statement of Parent Company (the period)
In RMB
Item Current Period Last Period
I. Operating income 1,795,492,670.63 1,329,826,538.29
Less: Operating cost 1,635,128,856.94 1,170,877,670.41
Operating tax and extras 10,358,020.08 14,068,239.18
Sales expenses 95,478,445.45 46,832,102.06
Administration expenses 54,680,750.96 34,872,319.84
Financial expenses -20,932,496.87 -13,917,059.19
Losses of devaluation of asset -6,902,766.78 -2,006,516.36
Add: Changing income of fair
3,415,197.41 -4,859,700.00
value(Loss is listed with “-”)
Investment income (Loss is 3,455,851.28 -8,341,667.04
36
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
listed with “-”)
Including: Investment income
4,504,457.55 -10,139,241.15
on affiliated company and joint venture
II. Operating profit (Loss is listed
34,552,909.54 65,898,415.31
with “-”)
Add: Non-operating income 3,066,843.07 6,126,819.05
Including: Disposal gains of
- -
non-current asset
Less: Non-operating expense 1,289,725.14 -
Including: Disposal loss of
1,289,725.14 -
non-current asset
III. Total Profit (Loss is listed with
36,330,027.47 72,025,234.36
“-”)
Less: Income tax expense 6,285,843.65 13,244,337.71
IV. Net profit (Net loss is listed with
30,044,183.82 58,780,896.65
“-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
37
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 30,044,183.82 58,780,896.65
VII. Earnings per share:
(i) Basic earnings per share 0.0393 0.0770
(ii) Diluted earnings per share 0.0393 0.0770
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Total operating income 9,997,224,966.94 8,600,839,344.61
Including: Operating income 9,997,224,966.94 8,600,839,344.61
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 9,836,805,813.99 8,408,175,374.87
Including: Operating cost 8,029,455,223.27 6,897,179,514.12
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
38
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 89,996,490.73 68,442,782.18
Sales expenses 1,473,707,521.70 1,209,409,682.24
Administration expenses 306,913,643.31 282,044,138.83
Financial expenses -69,033,626.17 -65,115,466.79
Losses of devaluation of asset 5,766,561.15 16,214,724.29
Add: Changing income of fair
2,136,627.20 -1,206,430.00
value(Loss is listed with “-”)
Investment income (Loss is listed
6,625,694.81 -15,605,274.06
with “-”)
Including: Investment income on
3,536,619.33 -18,400,988.39
affiliated company and joint venture
Exchange income (Loss is listed
- -
with “-”)
III. Operating profit (Loss is listed
169,181,474.96 175,852,265.68
with “-”)
Add: Non-operating income 38,230,085.35 23,051,887.91
Including: Disposal gains of
4,017,716.14 860,658.87
non-current asset
Less: Non-operating expense 5,401,767.97 9,330,099.23
Including: Disposal loss of
5,041,587.90 5,702,780.93
non-current asset
IV. Total Profit (Loss is listed with
202,009,792.34 189,574,054.36
“-”)
Less: Income tax expense 36,173,658.96 29,516,348.07
V. Net profit (Net loss is listed with “-”) 165,836,133.38 160,057,706.29
Net profit attributable to owner’s of
165,288,664.89 162,490,154.01
parent company
Minority shareholders’ gains and
547,468.49 -2,432,447.72
losses
VI. Net after-tax of other
3,621,779.01 35,643.14
comprehensive income
Net after-tax of other comprehensive
income attributable to owners of parent 2,702,853.40 -41,280.31
company
(I) Other comprehensive income
39
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified 2,702,853.40 -41,280.31
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign 2,702,853.40 -41,280.31
currency financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority 918,925.61 76,923.45
shareholders
VII. Total comprehensive income 169,457,912.39 160,093,349.43
Total comprehensive income
attributable to owners of parent 167,991,518.29 162,448,873.70
Company
Total comprehensive income
1,466,394.10 -2,355,524.27
attributable to minority shareholders
40
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
VIII. Earnings per share:
(i) Basic earnings per share 0.2164 0.2128
(ii) Diluted earnings per share 0.2164 0.2128
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 5,566,265,834.56 5,053,471,290.23
Less: Operating cost 4,795,261,083.95 4,355,900,602.90
Operating tax and extras 37,154,614.61 35,661,857.61
Sales expenses 516,556,298.89 413,572,867.04
Administration expenses 144,041,330.09 127,044,881.98
Financial expenses -52,450,533.19 -52,365,696.17
Losses of devaluation of asset 2,257,210.13 7,245,337.37
Add: Changing income of fair
2,136,627.20 -1,206,430.00
value(Loss is listed with “-”)
Investment income (Loss is
86,348,448.62 -14,401,544.51
listed with “-”)
Including: Investment income
7,149,440.12 -16,716,926.84
on affiliated company and joint venture
II. Operating profit (Loss is listed
211,930,905.90 150,803,464.99
with “-”)
Add: Non-operating income 17,439,146.83 11,921,447.17
Including: Disposal gains of
269,387.27 -
non-current asset
Less: Non-operating expense 2,506,291.62 7,706,718.05
Including: Disposal loss of
2,440,092.05 5,679,902.32
non-current asset
III. Total Profit (Loss is listed with
226,863,761.11 155,018,194.11
“-”)
Less: Income tax expense 21,200,973.23 26,931,805.06
IV. Net profit (Net loss is listed with
205,662,787.88 128,086,389.05
“-”)
V. Net after-tax of other comprehensive
41
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 205,662,787.88 128,086,389.05
VII. Earnings per share:
(i) Basic earnings per share 0.2693 0.1677
(ii) Diluted earnings per share 0.2693 0.1677
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
42
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 9,599,703,438.75 7,439,986,909.80
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
Net increase of amount from
disposal financial assets that measured
by fair value and with variation
reckoned into current gains/losses
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received 247,773,581.20 202,906,688.63
Other cash received concerning
34,952,309.45 32,565,505.21
operating activities
Subtotal of cash inflow arising from
9,882,429,329.40 7,675,459,103.64
operating activities
Cash paid for purchasing
commodities and receiving labor 6,611,688,071.65 5,042,733,431.26
service
Net increase of customer loans and
advances
43
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 920,334,293.94 844,863,154.52
Taxes paid 384,467,110.44 302,223,760.20
Other cash paid concerning
403,000,203.98 491,522,751.72
operating activities
Subtotal of cash outflow arising from
8,319,489,680.01 6,681,343,097.70
operating activities
Net cash flows arising from operating
1,562,939,649.39 994,116,005.94
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
500,000,000.00 100,500,000.00
investment
Cash received from investment
6,693,575.48 2,795,714.33
income
Net cash received from disposal of
fixed, intangible and other long-term 25,572,793.14 4,202,632.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
63,100,133.03 77,422,418.27
investing activities
Subtotal of cash inflow from investing
595,366,501.65 184,920,764.60
activities
Cash paid for purchasing fixed,
97,689,141.65 73,647,201.37
intangible and other long-term assets
Cash paid for investment 115,583,860.00 470,150,056.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning 4,296,600.00 -
44
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
investing activities
Subtotal of cash outflow from investing
217,569,601.65 543,797,257.37
activities
Net cash flows arising from investing
377,796,900.00 -358,876,492.77
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
1,564,983,118.37 -
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 1,512,385,108.63 1,400,969,378.32
Cash received from issuing bonds
Other cash received concerning
3,451.80 -
financing activities
Subtotal of cash inflow from financing
3,077,371,678.80 1,400,969,378.32
activities
Cash paid for settling debts 800,889,419.18 1,617,381,942.11
Cash paid for dividend and profit
57,565,188.54 52,485,529.54
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
156,871.81 224,020.35
financing activities
Subtotal of cash outflow from financing
858,611,479.53 1,670,091,492.00
activities
Net cash flows arising from financing
2,218,760,199.27 -269,122,113.68
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 20,383,777.92 20,829,296.40
exchange rate
V. Net increase of cash and cash
4,179,880,526.58 386,946,695.89
equivalents
Add: Balance of cash and cash
2,121,161,238.01 2,709,097,193.11
equivalents at the period -begin
VI. Balance of cash and cash
6,301,041,764.59 3,096,043,889.00
equivalents at the period -end
45
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 4,698,437,869.58 3,847,637,016.40
services
Write-back of tax received 123,186,350.49 117,943,770.04
Other cash received concerning
15,201,480.61 13,230,836.70
operating activities
Subtotal of cash inflow arising from
4,836,825,700.68 3,978,811,623.14
operating activities
Cash paid for purchasing
commodities and receiving labor 3,699,813,726.55 3,157,708,450.41
service
Cash paid to/for staff and workers 370,683,809.63 300,601,769.60
Taxes paid 118,631,891.16 121,867,065.71
Other cash paid concerning
207,844,269.17 222,116,329.76
operating activities
Subtotal of cash outflow arising from
4,396,973,696.51 3,802,293,615.48
operating activities
Net cash flows arising from operating
439,852,004.17 176,518,007.66
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
505,798,619.62 100,000,000.00
investment
Cash received from investment
81,954,888.88 2,315,382.33
income
Net cash received from disposal of
fixed, intangible and other long-term 1,919,834.50 969,312.00
assets
Net cash received from disposal of
subsidiaries and other units
46
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
Other cash received concerning
47,967,134.69 58,154,223.63
investing activities
Subtotal of cash inflow from investing
637,640,477.69 161,438,917.96
activities
Cash paid for purchasing fixed,
53,798,472.75 35,984,182.41
intangible and other long-term assets
Cash paid for investment 171,250,000.00 415,000,000.00
Net cash received from
subsidiaries and other units
Other cash paid concerning
67,327,805.65 -
investing activities
Subtotal of cash outflow from investing
292,376,278.40 450,984,182.41
activities
Net cash flows arising from investing
345,264,199.29 -289,545,264.45
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
1,541,999,998.84 -
investment
Cash received from loans 1,482,458,180.27 1,312,414,820.91
Cash received from issuing bonds
Other cash received concerning
499,060,968.88 390,538,160.60
financing activities
Subtotal of cash inflow from financing
3,523,519,147.99 1,702,952,981.51
activities
Cash paid for settling debts 772,716,315.18 1,475,931,002.11
Cash paid for dividend and profit
56,064,494.85 50,789,587.20
distributing or interest paying
Other cash paid concerning
67,598,005.48 97,303,941.36
financing activities
Subtotal of cash outflow from financing
896,378,815.51 1,624,024,530.67
activities
Net cash flows arising from financing
2,627,140,332.48 78,928,450.84
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 19,002,920.97 16,089,563.99
exchange rate
V. Net increase of cash and cash 3,431,259,456.91 -18,009,241.96
47
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2016(Full Text)
equivalents
Add: Balance of cash and cash
1,654,499,494.28 2,390,446,316.58
equivalents at the period -begin
VI. Balance of cash and cash
5,085,758,951.19 2,372,437,074.62
equivalents at the period -end
Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
II. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.
Hefei Meiling Co., Ltd.
Chairman: Liu Tibin
18 October 2016
48
