HEFEI MEILING CO., LTD.
THE THIRD QUARTERLY REPORT FOR 2017
October 2017
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(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. Li Wei, 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 2017 has not been audited.
All directors of the Company are attended the Meeting for quarterly report deliberation.
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Changes of this period-end
End of this period End of last period over same period-end of last
year
Total assets(RMB) 16,383,030,571.27 12,507,567,310.84 30.98%
Net assets attributable to
shareholders of listed company 5,145,115,072.82 5,095,160,291.91 0.98%
(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) 4,661,344,340.71 48.90% 13,179,138,533.81 31.83%
Net profit attributable to
shareholders of the listed company 28,147,276.19 -49.10% 120,222,315.96 -27.27%
(RMB)
Net profit attributable to
shareholders of the listed company
15,681,839.2 -62.80% 82,587,178.18 -37.89%
after deducting non-recurring gains
and losses(RMB)
Net cash flow arising from
-- -- -130,798,084.09 -108.37%
operating activities(RMB)
Basic earnings per share
0.0269 -62.85% 0.1151 -46.81%
(RMB/Share)
Diluted earnings per share
0.0269 -62.85% 0.1151 -46.81%
(RMB/Share)
1 percentage points 2.33 percentage points
Weighted average ROE 0.55% 2.34%
down down
Note: the earnings per share calculated at same period of last year were based on total shares of 763,739,205, and
the Company offering 280,858,676 common shares (A-stock) by privately placement in October 2016, total shares
capital of the Company goes to 1,044,597,881 shares. Therefore, the earnings per shares calculated in the period
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
were based on total shares of 1,044,597,881.
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin to end
Item Note
of the Period
Found in “Non-operating income
Gains/losses from the disposal of non-current asset (including the
-13,970,120.28 and expenditure” and
write-off that accrued for impairment of assets)
“Investment income”
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
36,093,847.79
national standards, which are closely relevant to enterprise’s
business) Found in “Non-operating income”
Except for effective hedge business relevant to normal operation
of the Company, gains and losses arising from fair value change
Found in “Changes in fair value
of tradable financial assets and tradable financial liabilities, and -15,475,683.18
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
1,687,944.93
aforementioned items and expenditure”
Gain/losses items qualified definition of the non-recurring
36,783,219.64 Found in “Investment income”
gains/losses
Less: impact on income tax 6,458,995.14 --
Impact on minority shareholders’ equity (post-tax) 1,025,075.98 --
Total 37,635,137.78 --
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
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□Applicable √Not applicable
The Company has no 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 Securities to the Public --- Extraordinary Profit/loss, in
the period
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 number of common shareholders at 61,867 Total preference shareholders 0
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
the end of report period(A/C) with voting rights recovered at
end of reporting period (if
applicable)
Top ten shareholders
Number of share
Amount of
Proportion Amount of pledged/frozen
Nature of
Shareholder’s name of shares restricted shares
shareholder shares held
held State of
held Amount
share
State-owned legal
Sichuan Changhong Electric Co., Ltd. 22.47% 234,705,968 69,877,638 -- --
person
Hefei Industrial Investment Holding State-owned legal
4.58% 47,823,401 0 -- --
(Group) Co., Ltd. person
Changhong (Hong Kong) Trade Co., Ltd. Foreign legal
2.96% 30,895,442 0 -- --
(Note 1) person
Ping An Annuity Insurance Company of
Domestic
China, Ltd. – Ping An Pension Ruifu private
non-state-owned 2.26% 23,613,595 23,613,595 -- --
placement No.1 Assets Management
legal person
Products
Domestic
Golden Ergle- SPD-U Trust-U Trust JinYue
non-state-owned 2.26% 23,613,595 23,613,595 -- --
No.4 Collected Asset Trust Plan
legal person
Foreign natural
CAO SHENGCHUN 1.32% 13,829,083 0 -- --
person
Domestic
Ping An UOB-Ping An Bank-Guohai
non-state-owned 1.20% 12,522,361 12,522,361 -- --
Securities Co., Ltd.
legal person
Domestic
Ping An Bank – Ping An UOB Dingtai
non-state-owned 1.20% 12,522,361 12,522,361 -- --
Flexible Mix Stock Investment Fund
legal person
Caitong Fund- Ningbo Bank-Haitong Domestic
Xingtai (Anhui) Emerging Industry non-state-owned 1.03% 10,733,452 10,733,452 -- --
Investment Fund (Limited Partnership) legal person
Domestic
National Social Security Funds-504 non-state-owned 0.94% 9,838,998 9,838,998 -- --
legal person
Domestic
Harvest Fund- Ping An Bank- Huaxia Asset
non-state-owned 0.94% 9,838,998 9,838,998 -- --
Management Co., Ltd.
legal person
Top ten shareholders with unrestricted shares held
Amount of unrestricted Type of shares
Shareholder’s name
shares held Type Amount
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
RMB ordinary
Sichuan Changhong Electric Co., Ltd. 164,828,330 164,828,330
shares
RMB ordinary
Hefei Industrial Investment Holding (Group) Co., Ltd. 47,823,401 47,823,401
shares
Domestically listed
Changhong (Hong Kong) Trade Co., Ltd. 30,895,442 30,895,442
foreign shares
Domestically listed
CAO SHENGCHUN 13,829,083 13,829,083
foreign shares
ICBC- Dongfanghong New Dynamic Flexible Mixed Investment RMB ordinary
6,596,794 6,596,794
Funds shares
CMB- Dongfanghong JD Big Data Flexible Mixed Investment RMB ordinary
5,400,945 5,400,945
Fund shares
Domestically listed
NORGES BANK 4,546,432 4,546,432
foreign shares
RMB ordinary
China Securities Finance Corporation Limited 4,362,500 4,362,500
shares
Domestically listed
Long Qinfang 3,353,496 3,353,496
foreign shares
Vanguard Investment Australia Co., Ltd. –Vanguard Emerging RMB ordinary
2,685,828 2,685,828
Market Index Funds (Exchange) shares
Among the above shareholders, Changhong (Hong Kong) Trade Co., Ltd. is the wholly-owned
subsidiary of Sichuan Changhong Electronic Co., Ltd., which holds B-share of the Company
and holds through Hui Li Securities (H.K.) Limited; 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 Listed Companies among Sichuan
Changhong Electronic Co., Ltd., Changhong (Hong Kong) Trade Co., Ltd. and other top 8
shareholders; and top ten shareholders with unrestricted subscription;
" Ping An UOB-Ping An Bank-Guohai Securities Co., Ltd. " and " Ping An Bank – Ping An
Explanation on associated relationship
UOB Dingtai Flexible Mix Stock Investment Fund " have subscribed the investment portfolio
among the aforesaid shareholders
managed by Ping An Dahua Fund Management Co., Ltd. in the Company's non-public
offering of shares in 2016; "“National Social Security Funds-504 ” and “Harvest Fund- Ping
An Bank- Huaxia Asset Management Co., Ltd. ” have subscribed the investment portfolio
managed by Harvest Fund Management Co., Ltd. in the Company's non-public offering of
shares in 2016. The company neither knows whether there is any association among other
shareholders, nor knows whether other shareholders belong to the persons acting in concert
that is stipulated in the “Administrative Measures on Information Disclosure of Changes in
Shareholding of Listed Companies”.
Explanation on top ten common
shareholders involving margin business Not applicable
(if applicable)
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Note 1: At end of the reporting period, the person acting in concert with controlling shareholder Sichuan Changhong-- Changhong
(Hong Kong) Trading Company Limited, holds B-stock of the Company as 30,895,442 shares, among which, 3,817,645shares are
held through Hui Li Securities (H.K.) Co., Ltd.
Note 2: In the above table, "the top ten shareholders" is subject to the data on stock transfer books provided by China Securities
Depository and Clearing Corporation Limited Shenzhen Branch, in 2016, 7 issuing objects including Sichuan Changhong Electric
Co., Ltd. , Ping An Dahua Fund Management Co., Ltd., Golden Eagle Fund Management Co., Ltd., Harvest Fund Management Co.,
Ltd., Ping An Endowment Insurance Co., Ltd., Rongtong Fund Management Co., Ltd., and Caitong Fund Management Co., Ltd. have
subscribed the company’s non-public offering of A-shares in 2016. Up to the disclosure date, restriction period for the
shares (210,981,038 shares) subscribed by six issuing object, Sichuan Changhong excluded, have 12 months
ended, the share trades on 16 October 2017. Found more in relevant notice (Notice No.: 2016-057 and 2017-079)
released dated 13 October 2016 and on 13 October 2017 respectively.
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 shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(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
(I) Changes of items of balance sheet and cause analysis
In RMB
Item Closing balance Opening balance Changes Reasons
Note receivable increased at period-end for the prematurity
Note receivable 3,048,120,777.27 1,421,429,723.73 114.44%
notes
Accounts receivable 1,571,813,566.63 1,118,960,552.49 40.47% Sales of credit customers increased on a y-o-y basis
The prepayment for land used right and house & buildings
Advance payment 300,776,799.70 134,706,488.38 123.28% under the name of Anhui Dongwei Solar Energy Technology
(hereinafter referred to as Anhui Dongwei)
Interest receivable 3,480,191.25 2,645,494.32 31.55% The accrued interest for time deposit increased
Bid bonds paid for land purchasement under the name of
Other receivables 110,485,645.16 39,553,919.44 179.33% subsidiary Sichuan Changhong Air-conditioner Co., Ltd.
(hereinafter referred to as Changhong Air-conditioner )
The long-term time deposit under the name of subsidiary
Non current assets Zhongshan Changhong Electrics Co., Ltd. (hereinafter
45,197,289.00 12,625,340.00 257.99%
due within one year referred to as Zhongshan Changhong) re-classified to
non-current assets due within one year at period-end
Other current assets 2,116,431,771.53 1,454,346,297.42 45.52% Entrusted financing business increased in the period
Financial assets Contribution for the new generation of IT venture capital
40,900,000.00 17,000,000.00 140.59%
available for sale fund of Sichuan Hongyun
The new plants under the name of subsidiary Zhongke
Investment real Meiling Cryogenic Technology Co., Ltd (hereinafter
59,289,274.10 13,275,631.40 346.60%
estate referred to as Zhongke Meiling), which has rented has
transferred to assets
Development
95,378,543.18 45,023,750.60 111.84% Investment for R&D increased in the period
expenditure
Long-term deferred Expenses of the long-term assets to be amortized under the
4,483,750.69 1,132,075.48 296.06%
expenses name of Changhong Air-conditioner increased
Other non-current
- 34,615,630.00 -100.00% Same as “non-current assets due within one year ”
assets
Short-term loans from parent company increased in the
Short-term loans 1,553,345,758.64 288,343,724.73 438.71%
period
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Financial liabilities
measured by fair
Change of the fair value of forward foreign exchange
value and with its 12,942,210.83 559,249.58 2214.21%
contract in the period
variation reckon into
current gains/losses
Note payable increased at period-end for the prematurity
Note payable 4,288,201,190.58 2,635,051,740.30 62.74%
notes
Interest payable 2,820,852.12 1,617,352.01 74.41% Loans interest paid from parent company
The Company contribute dividend in the period, and some
Dividends payable 16,973,446.44 2,545,801.23 566.72%
of the shareholders did not withdraw
Non-current The long-term loans are paid back on due by parent
liabilities due within 65,793,269.73 272,202,590.10 -75.83% company, which has reclassified to non-current liability due
one year within one year
Long-term loans from parent company increased in the
Long-term loans 253,460,000.00 38,908,788.00 551.42%
period
Other
Changes of the foreign exchange rate in overseas
comprehensive -1,473,690.53 3,474,546.95 -142.41%
subsidiaries
income
Minority shareholders equity increased for new subsidiary
Minority’s interest 101,795,027.15 70,921,198.01 43.53% Meiling Kadi Washing Machine Co., Ltd. (hereinafter
referred to as Meiling Kadi) established in the period
(II) Changes of items of profit statement and cause analysis
In RMB
Same period of last
Item This Period Changes Reasons
year
Business income 13,179,138,533.81 9,997,224,966.94 31.83% Product sales increased on a y-o-y basis
Operating costs 10,848,595,161.10 8,029,455,223.27 35.11% Product sales increased on a y-o-y basis
Exchange earnings from parent company and
Financial expenses -39,804,446.21 -69,033,626.17 42.34%
Zhongshan Changhong decreased on a y-o-y basis
Bad debt provision increased for the growth of
Assets impairment losses 30,602,083.00 5,766,561.15 430.68%
account receivable
Add: Changing income of
Losses the changes of fair value from forward
fair value(Loss is listed with -15,475,683.18 2,136,627.20 -824.30%
foreign exchange contract in the period
“-”)
Investment income (loss is Entrusted financing earnings increased on a y-o-y
39,675,737.03 6,625,694.81 498.82%
listed with “-“) basis
Investment income on
Earnings from associated enterprises declined on a
affiliated company and joint 2,235,018.46 3,536,619.33 -36.80%
y-o-y basis
venture
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Tax return from subsidiary Mianyang Meiling
Other benefits 3,775,806.69 - 100.00% Software Technology Co., Ltd. (hereinafter referred
to as Meiling Software)
Gain on disposal of non Earnings from fixed assets disposal declined on a
261,776.49 4,017,716.14 -93.48%
current assets y-o-y basis
Loss from assets disposal for relocation in
Non operating expenses 14,573,069.00 5,401,767.97 169.78% subsidiary Mianyang Meiling Refrigeration Co.,
Ltd. (hereinafter referred to as Mianyang Meiling)
Disposal loss of non-current
14,234,403.75 5,041,587.90 182.34% Same as “non-operation expenditure”
asset
Income tax expense 24,356,057.20 36,173,658.96 -32.67% Taxable income declined on a y-o-y basis
Minority shareholders’ gains Earnings from some of the non-wholly-owned
7,618,443.66 547,468.49 1291.58%
and losses subsidiary increased on a y-o-y basis
(III) Changes of items of cash flow statement and cause analysis
In RMB
Same period of last
Item This Period Changes Reasons
year
Write-back of tax received 332,183,490.22 247,773,581.20 34.07% Export rebate in the period increased on a y-o-y basis
Cash paid for purchasing The amount for raw material purchasement and
goods and labor service 9,088,798,341.30 6,611,688,071.65 37.47% payment of the due note payable increased on a y-o-y
received basis
Other cash paid concerning Monetary capital with operational limit increased on
626,015,434.18 403,000,203.98 55.34%
operating activities a y-o-y basis
Cash received from returns of The principal for entrust financing collected
2,957,000,000.00 500,000,000.00 491.40%
investments increased on a y-o-y basis
Cash received from Entrusted financing earnings increased on a y-o-y
47,477,575.32 6,693,575.48 609.30%
investment income basis
Net cash received from
disposal of fixed assets, Collection from assets disposal declined from a year
2,531,948.87 25,572,793.14 -90.10%
intangible assets and other earlier
long-term assets
cash paid for purchasing fixed
Purchase and construction of fixed assets increased
assets, intangible assets and 343,043,647.04 97,689,141.65 251.16%
from a year earlier
other long-term assets
Principal paid for entrust financing increased from a
Cash paid for investment 3,581,652,412.20 115,583,860.00 2998.75%
year earlier
Cash paid for other Delivery deficit from forward foreign exchange
10,574,661.31 4,296,600.00 146.12%
investment activities contract increased from a year earlier
Cash received from absorbing 23,068,316.00 1,564,983,118.37 -98.53% Collection from privately placement at same period
9
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
investment of last year, while no such amount occurred in the
period
Short-term loans from parent company increased
Cash received from loans 2,371,636,546.03 1,512,385,108.63 56.81%
from a year earlier
Piece meal dividend received at same period of last
Cash received related with
- 3,451.80 -100.00% year by parent company, while no such dividend
other financing activities
occurred in the period
Short-term loans paid from parent company
Cash paid for debts 1,096,840,299.04 800,889,419.18 36.95%
increased from a year earlier
IV. Influence on cash due to
-18,706,015.36 20,383,777.92 -191.77% Change of foreign exchange rate
fluctuation in exchange rate
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) Particular about the process of the fund raised and investment of fund raised
In 2016, the Company carried out private placement of A-share with 1,569,999,998.84 Yuan raise in total. Net
amount raise as 1,540,732,722.76 Yuan after vary issuance costs (tax included) 29,267,276.08 Yuan deducted.
After approved by 27th session of 8th BOD of 2016, the 14th session of 8th Supervisory Committee and 2nd
extraordinary shareholders meeting of 2016, and agreed from the independent directors and after verification
opinion without objection from the sponsor institution, the idle raise capital 900 million Yuan (rolling application)
at most for one-year guaranteed financial products (with high safety, and good liquidity) investment to be allowed.
So far, the Company used the raised fund in line with the decision-making and relevant regulations and standards.
Up to 30th September, the raised capital for raised-fund projects have invested 349,584,365.19 Yuan accumulate in
total, balance of the specific raised-fund A/C counted as 1,223,350,100.88 Yuan (including accumulate interest
8,356,586.48 Yuan, maturity yield from bank financial products 23,697,815.82 Yuan and bank financial products
900 million Yuan purchased with idle raise fund)
The raised-fund investment 349,584,365.19 Yuan including the follow projects: intelligent manufacturing
construction invested 31,225,044.04 Yuan accumulated; intelligent R & D capacity building and intelligent home
appliances technology development project invested 29,478,657.38 Yuan accumulated; intelligent life project
invested 18,000,600.00 Yuan in total and 270,880,063.77 Yuan (including interest 147,341.01 Yuan) accumulated
for supplementation of the current capital.
Up to 30th September 2017, among the intelligent manufacturing construction: the intelligent manufacturing
construction (Hefei) has completed phase I construction basically, and proactively in phase II construction. The
planning construction project of “production line construction project for newly increased 600,000 sets of
environmental protection and energy saving freezers with large an medium volume” (Hereinafter referred to as
"freezer intelligent construction project"), during the reporting period, because the No. 9 plant of company’s
freezer factory where the project construction site locates is used by the subsidiary - Zhongke Meiling Cryogenic
Technology Co., Ltd. as its new plant is still under construction, the implementation of this project is affected, and
the project is still in the factory planning stage. And expect to complete at end of 2018; the project of "intelligent
R & D capacity building and intelligent home appliances technology development project" is in the process of
promoting in accordance with the investment plan; as the implementation subject of "intelligent life project",
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Changmei Science and Technology Co., Ltd. (hereinafter referred to as "Changmei Technology") actively exploit
the marks and promote a normal operation in reporting period.
(II) 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
the 7th board of directors and the 2012-second provisional shareholders meeting. Details were disclosed 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
See details in " Implementation about 2012, 2013 and 2014 performance incentive fund provision and distribution
plan" in "XV Implementation of the company's stock incentive plan, employee stock ownership plan, or other
employee incentive measures" in "Section V Significant Events" of the company's "2016 Annual Report"
disclosed on March 30, 2017.
Up to the end of this reporting period, the company's stock purchased by some 2012/2013 annual performance
incentive objects (non-directors, supervisors and senior management) with their granted 2012/2013 annual
performance incentive funds and own funds has been fully desterilized. the company's stock purchased by some
2014 annual performance incentive objects (non-directors, supervisors and senior management) with their granted
2014 annual performance incentive funds and own funds has been desterilized by 50% for term of holding for two
years. The share-reducing for the above mentioned shares can be found as below. Among the incentive objects, the
current directors, supervisors and senior management have not reduced the Company’s shares purchased by
implementing 2012, 2013, and 2014 annual performance incentive plans.
2. Implementation about 2016 performance incentive fund provision and distribution plan
Found more in "Implementation of the company's annual incentive fund for year of 2016" in "XI Implementation
of the company's stock incentive plan, employee stock ownership plan, or other employee incentive measures" in
"Section V Significant Events" of the company's "2017 Semi-Annual Report" disclosed on 10 August 2017
The incentive plan still in process till the reporting date
Found more in relevant notice (notice No.: 2017-010, 2017-011, 2017-015, 2017-031, 2017-035, 2017-036,
2017-037, 2017-041, 2017-062, 2017-064 and 2017-070) released respectively on 30 March 2017, 5 May, 3 June,
21 June, 10 August, 18 August, 19 August and 26 August as well as the 2017 Semi-Annual Report
3. Share holding and reduction of the company’s performance incentive objects
As of September 30, 2017, all incentive objects held a total of 12,351,777 shares, accounting for 1.1824% of the
company’s general capital, of which 11,018,645 shares of A share, accounting for approximately 1.0548% of the
company’s general capital, 1,333,132 shares of B share, and accounting for about 0.1276% of the company’s
general capital. Some 2012, 2013 and 2014 annual performance incentive objects (not directors, supervisors or
senior management) have totally reduced share of 3,562,577shares from September 2014 to the end of the this
reporting period, accounting for approximately 0.3410% of the company’s general capital, and reduced holding of
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
308,000 shares in this reporting period.
(III) Transaction with Sichuan Changhong Group Finance Co., Ltd.
Approved by the 34th session of 8th BOD held on 9 August 2017 and 12 September and 2nd extraordinary
shareholder meeting 2017, the Company are allowed to carried out financial service cooperation with Sichuan
Changhong Group Finance Co., Ltd. (hereinafter referred to as "Changhong Finance Company"), and sign a
"financial service agreement" with 3-year terms. Under the agreement, Changhong Finance Company would
provide a series of financial services as deposit and loans ect. within the business scope in accordance with the
requirements of the Company and its subsidiaries. Related transactions with Changhong Finance Company from
year-begging to the period-end are as:
In RMB
Interest,
Increased during Decreased during
Item Opening balance Ending balance handling charge
the Year the Year
paid or received
I. Savings in
Changhong Group 1,908,842,163.20 18,402,603,399.21 18,540,787,486.49 1,770,658,075.92 37,326,259.07
Finance Company
II. Borrowings
from Changhong
Group Finance
Company
1.Short-term loans - - - - -
2.Long-term loans - - - - -
III. Other
financial business
1.notes
544,374,441.19 1,596,908,825.43 955,035,279.26 1,186,247,987.36 459,673.48
drawing
2.notes
565,252,574.29 1,454,683,667.45 1,283,818,658.05 736,117,583.69 16,034,907.49
discounted
(IV) Other significant events
Date for Information index for temporary report
Overview
disclosure disclosure
Controlling shareholder – Sichuan Changhong Electric Co., Ltd.
Juchao
(hereinafter referred to as Sichuan Changhong), plans to offering
28 Feb. 2017 Website: http://www.cninfo.com.cn( No.:
exchangeable bonds privately with part of the A-shares of the Company
2017-004)
held and its fruits
Former staff supervisor Mr. Shang Wen resigned his post as staff supervisor Juchao Website: http://www.cninfo.com.cn(No.:
2 March 2017
th
of the 8 BOD for personnel job change. Meanwhile, the Staff Congress 2017-005)
12
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
held on 28 Feb. 2017, after democratic election, Mr. Deng Li supplemented
as staff supervisor of 8th supervisory committee of the Company
Approved by the resolution from the Board, subsidiary Jiangxi Meiling
Electric Co., Ltd. (hereinafter referred to as Jiangxi Meiling) allowed
establishing an intelligent production line for one million sets of Juchao Website: http://www.cninfo.com.cn(No.:
14 March 2017
environmental and energy-saving refrigerators with 209.6 million Yuan. 2017-006)
Meanwhile, allowed the Company invested 200 million Yuan for this
project.
Approved by the resolution from the Board, subsidiary Zhongshan
Changhong Electric Co., Ltd. ( hereinafter referred to as Zhongshan
Changhong) allowed established the Zhongshan Hongyou Nuantong
Equipment Co., Ltd. (tentatively, the name shall approved by Industrial &
Commerce Bureau) with Zhuhai Sanyou Environment Technology Co., Juchao Website: http://www.cninfo.com.cn(No.:
14 March 2017
Ltd. (hereinafter referred to as Sanyou Changhong), the enterprise with 2017-006)
advantage of R&D, technology and channels as well as foreign clients
resource. Registered capital amounted as 40 million Yuan, the Zhongshan
Changhong contributes 24 million Yuan with owned funds while Sanyou
Environment invested 16 million Yuan.
On 21 March 2017, the Company entered into a Strategy Cooperation
Framework Agreement with Italy Candy Hoover Group S.r.l., Candy
S.p.A.. The two parties will establishing strategic cooperative partnership in Juchao Website: http://www.cninfo.com.cn(No.:
21 Mar. 2017
field of refrigerator (ice box), washing machine business. Expanding 2017-007)
market together, promote the brand to achieved a maximum commercial
value and social value
Approved by the resolution from the Board and shareholders meeting, the
Company and subsidiaries carried forward foreign exchange fund
30 Mar. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
transactions during 1 July 2017 to 30 June 2018. Balance of the transaction
5 May 2017 2017-010, No.: 2017-017, No.: 2017-031)
will not exceed $ 550 million, delivery period for single business will not
exceed one year
Approved by the resolution from the Board, the Company allowed
Juchao Website: http://www.cninfo.com.cn(No.:
investing 371.21 million Yuan at most for production line of the 2 million 30 Mar. 2017
2017-010)
fully-automatic washing machines
Approved by the resolution from the Board, the Company participates in
judicial sales of the plants and office buildings and lands under the name of
Anhui Dongwei with owned funds, in bidding price range authorized by the
30 Mar. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
Board. On 30 March 2017, the Company participate the bidding by
14 Apr. 2017 2017-010, No.: 2017-024)
regulations, and successful bidding the areas of plans and buildings and
land use right. Recently, the Company in process of ownership transferred
procedures.
Approved by the resolution from the Board, subsidiary Hefei Meiling
Juchao Website: http://www.cninfo.com.cn(No.:
Nonferrous Products Co., Ltd. (hereinafter referred to as Meiling 30 Mar. 2017
2017-010, No.: 2017-018)
Nonferrous) entered into the Cooperative Contract of the Lands of Meiling
13
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Nonferrous in Feidong Country with Hefei Vanke Property Co., Ltd., in
aspect of the lands located in Liaoyuan East Road, Feidong County, Hefei
owned by Meiling Nonferrous
Approved by the resolution from the Board, the Company allowed
establishing Meiling Kadi Washing Machine Co., Ltd. with Candy Hoover
Group S.r.l. (hereinafter referred to as Candy Group). Registered capital Juchao Website: http://www.cninfo.com.cn(No.:
30 Mar. 2017
amounted to 150 million Yuan, the Company invested 90 million Yuan in 2017-010)
cash while Candy Group invested 60 million Yuan in cash or equivalent
USD.
Approved by the resolution from the Board, the Company allowed to
applied for a special credit line of bill pool to Hefei Branch of CMB with Juchao Website: http://www.cninfo.com.cn(No.:
30 Mar. 2017
300 million Yuan at most for one year, and in way of bill pledge, the 2017-010, No.: 2017-019)
products mainly used in the polling business
Former deputy chairman Mr. Xu Bangjun resigned his post as deputy
chairman, director of the 8th BOD, and committee member of strategy Juchao Website: http://www.cninfo.com.cn(No.:
25 Apr. 2017
Committee and committee member of remuneration and approval 2017-028)
committee for personnel job change.
On 24 April 2017, the Company received a proposal of non-independent
director by-election for 8th BOD from controlling shareholder Sichuan
Changhong. Mr. Teng Guangsheng nominated for candidate of the
25 Apr. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
non-independent director of 8th BOD, and the proposal shall be deliberate
5 May 2017 2017-029, No.: 2017-031)
in AGM 2016 as extraordinary proposal. On 4 May 2017, approved by
AGM 2016, Mr. Teng Guangsheng elected as non-independent director of
the Company.
For keeping the controls of the Company, promoted a sustainable, stable
and healthy development of the Company, controlling shareholder- Sichuan
Changhong purchased tradable B-share of the Company via trading system
26 May 2017 Juchao Website: http://www.cninfo.com.cn(No.:
of SSE through the person acting in concert Changhong (Hong
30 Sept. 2017 2017-032, No.: 2017-078)
Kong) Trading Company Limited (hereinafter referred to as HK
Changhong ) during 19 April 2017 to 14 September 2017. Totally
5,729,619 shares purchased, a 0.55% of total shares of the Company so far.
On 28 March 2017 and 4 May 2017, the 29th session of 8th BOD, 15th
session of 8th supervisory committee and AGM 2016 approved the Profit
30 Mar. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
Distribution Plan of 2016. Based on total share capital 1,044,597,881 up to
5 May 2017 2017-010, No.: 2017-011, No.: 2017-031, No.:
31 December 2016, distributed cash bonus 0.6 Yuan (tax included) for
27 May 2017 2017-033)
every 10-share held by shareholders. The profit distribution plan has
completed.
In July 2017, the Company received the Accept the Registration Notice
from National Association of Financial Market Institutional Investors Juchao Website: http://www.cninfo.com.cn(No.:
13 Jul. 2017
(hereinafter referred to as NAFMII), the SCP registration of the Company 2017-046)
accepted by NAFMII
14
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Former chairman Mr. Liu Tibin resigned his post as chairman, director of
Juchao Website: http://www.cninfo.com.cn(No.:
the 8th BOD, and committee member of strategy Committee and committee 19 Jul. 2017
2017-048)
member of nomination committee for personnel job change.
Former president Mr. Li Wei resigned his post as president of the Company
for personnel job change. Meanwhile, approved by 33rd session of the Juchao Website: http://www.cninfo.com.cn(No.:
22 Jul. 2017
Board, Mr. Li Wei was elected as Chairman of 8th BOD; Mr. Wu Dinggang 2017-049, No.: 2017-050)
appointed as president of the Company
Approved by the resolution from the Board, subsidiary Guangdong
Changhong Ridian Technology Co., Ltd. (hereinafter referred to as Ridian
Technology) allowed establishing a wholly-owned subsidiary Hebei Juchao Website: http://www.cninfo.com.cn(No.:
22 Jul. 2017
Hongmao Appliance Technology in Handan City, Hebei Province in 5 2017-050)
million Yuan cash, which engaged in the production, R&D, and sales of gas
heating hot water products act.
On 9 August and 12 September 2017, the election resolution for 9th BOD
and supervisory committee have approved by 34th session of 8th BOD, the
18th session of 8th supervisory committee and 2nd extraordinary
shareholders meeting of 2017. The office term comes to 3-year from 12
September 2017 to 12 September 2020.
On 12 September 2017, approved by 1st extraordinary meeting of 9th BOD, Juchao Website: http://www.cninfo.com.cn(No.:
10 Aug. 2017
th
Mr. Li Wei was elected as Chairman of 9 BOD; Mr. Wu Dinggang elected 2017-053, No.: 2017-054, No.: 2017-057, No.:
th 13 Sept. 2017
as deputy Chairman of 9 BOD; The meeting approved the resolution of 2017-073, No.: 2017-074, No.: 2017-075)
th
establish specific committee under the 9 BOD of the Company and the
proposal on Appointing Senior Managers of the Company.
At the same day, approved by 1st extraordinary meeting of 9th supervisory
committee, Mr. Shao Min was elected as chairman of 9th supervisory
committee of the Company
Approved by the resolution from the Board, Supervisory, and shareholders
meeting, after opinion issued by independent director and sponsor institute,
the Company allowed to re-sign a 3-year Financial Service Agreement with
Juchao Website: http://www.cninfo.com.cn(No.:
Changhong Finance Company. And in the agreement, in 3 years since the 10 Aug. 2017
2017-053, No.: 2017-054, No.: 2017-058, No.:
new agreement come into effective, the maximum balance (including 13 Sept. 2017
2017-073)
accrual interest and handling charge) and maximum unpaid mortgage
payment everyday in Finance Company adjusted to 3,800 million Yuan at
most.
Approved by the resolution from the Board, the shares of Zhongke Meiling
held under the name of resigning employees, 400,000 shares in total, 10 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
allowed to transferred from Zhongke Meiling Cryogenic Technology Co., 2017-053)
Ltd. (hereinafter referred to as Zhongke Meiling)
Approved by the resolution from the Board, subsidiary Zhongshan
Changhong Appliance Co., Ltd. (hereinafter referred to as Zhongshan 10 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
Changhong) and partner UAE RUBA Company allowed to increased the 2017-053, No.: 2017-059)
capital in joint venture manufacturing company and sales company, carried
15
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
out the foaming of refrigerator door and new product development. The
Zhongshan Changhong increased $ 8,150,000.
Approved by the resolution from the Board, and shareholders meeting,
according to development needs of the Company, operation business scope 10 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
allowed to supplemented, and revised relevant regulations in Article of 13 Sept. 2017 2017-053, No.: 2017-060, No.: 2017-073)
Association of the Company
Approved by the resolution from the Board, and shareholders meeting,
Sichuan Changhong Air-conditioner Co., Ltd. (hereinafter referred to as
Changhong Air-conditioner) allowed investing 1090.4101 million Yuan in
10 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
Mianyang Economy Development Zone for the relocation and capacity
13 Sept. 2017 2017-053, No.: 2017-061, No.: 2017-073)
expansion project, to establish a production base for air-conditioner with
4.2 million sets made in one year. At the same time, the Company allowed
to increased 650 million Yuan capital in Changhong Air-conditioner
Approved by the resolution from the Board, and shareholders meeting, the
Company allowed to increased the forecast of routine related transactions
for year of 2017 to 461 million Yuan in total, which will occurred between 22 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
the Company/subsidiary and Changhong Group/its subsidiary (Sichuan 13 Sept. 2017 2017-065, No.: 2017-066, No.: 2017-073)
Changhong excluded), and Sichuan Changhong /its subsidiary (Huayi
Compressor Co., Ltd excluded)
Approved by the resolution from the Board, Zhongshan Changhong
22 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
allowed to invested approximately 24.367 million Yuan in technical
2017-065)
reconstruction for its production line etc.
Approved by the resolution from the Board, and according to
implementation of incentive fund 2016 under the name of Zhongke
Meiling, Zhongke Meiling allowed carrying out the directional issue of 22 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
shares. The issuing object -- management of Zhongke Meiling will 2017-065, No.: 2017-067)
subscribe in cash, meanwhile, the Company give up the pre-emptive right
under the same conditions in this issuance
Approved by the resolution from the Board, the Company allowed to
22 Aug. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
applied for a special credit line of bill pool to Hefei Luyang Branch of CCB
13 Sept. 2017 2017-065, No.: 2017-068, No.: 2017-073)
with 400 million Yuan at most for one year, and in way of bill pledge
Approved by the resolution from the Board, Changhong Air-conditioner
Juchao Website: http://www.cninfo.com.cn(No.:
allowed to invested approximately 37.0586 million Yuan for technical 13 Sept. 2017
2017-074)
revamping of capacity expansion
24 Jan. 2017 Juchao Website: http://www.cninfo.com.cn(No.:
Up to the disclosure date, balance of bank and entrust financial products 2017-002, No.: 2017-003, No.: 2017-008, No.:
16 Feb. 2017
(without expired) purchased by the Company with owned funds amounted 2017-009, No.: 2017-020, No.: 2017-021, No.:、
23 March 2017
as 755.2 million Yuan, balance of guaranteed bank financial products 2017-034, No.: 2017-039, No.: 2017-042, No.:
25 March 2017
without expired purchased with idle raised fund amounted as 900 million 2017-044, No.: 2017-045, No.: 2017-047, No.:
1 Apr. 2017
Yuan. 2017-051, No.: 2017-063, No.: 2017-076, No.:、
8 Apr. 2017 2017-077, No.: 2017-081)
16
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
27 May 2017
9 Jun. 2017
24 Jun. 2017
1 Jul. 2017
8 Jul. 2017
13 Jul. 2017
27 Jul. 2017
19 Aug. 2017
28 Sept. 2017
30 Sept. 2017
17 Oct. 2017
17
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
III. Commitments that the company, shareholders, actual controller, offeror, 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
There are no commitments that the company, shareholders, actual controller, offeror, 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.
IV. Forecast of operation performance of 2017
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.
VI. Particulars about derivatives investment
√ Applicable □Not applicable
18
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
In 10 thousand Yuan
Amount of Ratio of
reserve for investment
Relate Whether Amount
Investment Amount sold devaluation Investment amount at Actual
d related Initial purchased
Operator Type Start date End date amount at during the of amount at period-end in net gains/losses in
relatio trade or investment during the
period-begin reporting period withdrawing period-end assets of the period
nship not reporting period
(if Company at
applicable) period-end
Forward
Financial foreign
N/A No 63,230.44 2016-6-8 2018-6-26 37,890.69 251,858.33 93,066.38 - 188,308.27 36.60% 260.04
institutions exchange
contract
Total 63,230.44 -- -- 37,890.69 251,858.33 93,066.38 - 188,308.27 36.60% 260.04
Capital resource Self-owned capital
Lawsuits (if applicable) Not applicable
Disclosure date for approval from the Board for
2017-3-30
investment of derivatives (if applicable)
Disclosure date for approval from board of
shareholders for investment of derivatives (if 2017-5-4
applicable)
1. Market risk: the changes in domestic and foreign economic situation may create a major volatility in exchange rate, future exchange business under certain market
Venture analysis and explanation on control
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 on profit from
measures for derivatives holding in Period
exchange fluctuations. The Company will closely following the changes in exchange rate, based on the target rate fix by business, with the research and judgment in
(including but not limited to market risk,
aspect of the trend in foreign exchange rate, determine the signature planning of agreement for forward exchange transaction combine with prediction on receipt and
liquidity risk, credit risks, operational risk 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
legal risk etc.)
profit standards for the Company.
19
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
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 or In accordance with the Article 7 “Recognition of Fair Value” of “The Accounting Standards for Enterprises No. 22—Recognition and Measurement of Financial
product’s fair value of invested derivatives in 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 for the
Period; as for analysis of the fair value of 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 period, and
derivatives, disclosed specific treatment methods recognized as transactional financial assets or liabilities based on the difference of forward exchange facilities’ contract quotation at period-end and forward rate. In the
and relevant hypothesis and parameter setting reporting period, the gains/losses of forward foreign exchange contract amounting to 2,600,400 Yuan.
Explanation on major changes on specific
principle of accounting policy and accounting
Not applicable
calculation for derivatives in Period, by
comparing with last period
Upon inspection, the independent directors of the Company believes that: during the reporting period, the Company carried out its foreign exchange forward deals in
strict compliance with the standardized operation guidelines for listed issuer on main board (2015 amended) issued by Shenzhen Stock Exchange, the Articles of
Association, Authorization Management of the Company, Management System in relating to Foreign Exchange Forward Deals of Hefei Meiling Co., Ltd., and these
deals were conducted within the authorization scope under general meeting and board meeting. The Company conducts no foreign exchange transactions on the purpose
Specific opinions from independent directs on
of getting profit only, all of the forward foreign exchange transactions are operates based on normal operating and production, which is relying on specific business
derivative investment and risk controlling
operations with purpose of avoiding the preventing the risks in exchange rate. The forward foreign exchange transactions of the Company are 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.
20
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(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
2017-1-12 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-1-18 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-2-15 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-2-24 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-4-20 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-5-11 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-5-25 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-6-14 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2017-7-6 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?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.
X. Fulfill the precise social responsibility for poverty alleviation
The Company has no precise social responsibility for poverty alleviation in the period and has no
follow-up plan either
21
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(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 4,469,883,597.36 4,058,869,234.63
Settlement provisions
Capital lent
Financial assets measured by fair
value and with variation reckoned into 8,967,491.37 12,060,213.30
current gains/losses
Derivative financial assets
Notes receivable 3,048,120,777.27 1,421,429,723.73
Accounts receivable 1,571,813,566.63 1,118,960,552.49
Accounts paid in advance 300,776,799.70 134,706,488.38
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable 3,480,191.25 2,645,494.32
Dividend receivable
Other receivables 110,485,645.16 39,553,919.44
Purchase restituted finance asset
Inventories 2,300,644,579.42 1,974,526,734.86
Divided into assets held for sale
Non-current asset due within one year 45,197,289.00 12,625,340.00
Other current assets 2,116,431,771.53 1,454,346,297.42
Total current assets 13,975,801,708.69 10,229,723,998.57
Non-current assets:
Loans and payments on behalf
22
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Finance asset available for sales 40,900,000.00 17,000,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 94,389,501.79 81,643,631.37
Investment property 59,289,274.10 13,275,631.40
Fixed assets 1,261,944,649.05 1,204,093,169.72
Construction in progress 100,095,959.87 107,037,409.95
Engineering material
Disposal of fixed asset 75,846,390.89 75,788,138.47
Productive biological asset
Oil and gas asset
Intangible assets 589,379,958.51 613,969,271.63
Expense on Research and
95,378,543.18 45,023,750.60
Development
Goodwill
Long-term expenses to be apportioned 4,483,750.69 1,132,075.48
Deferred income tax asset 85,520,834.50 84,264,603.65
Other non-current asset - 34,615,630.00
Total non-current asset 2,407,228,862.58 2,277,843,312.27
Total assets 16,383,030,571.27 12,507,567,310.84
Current liabilities:
Short-term loans 1,553,345,758.64 288,343,724.73
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into 12,942,210.83 559,249.58
current gains/losses
Derivative financial liability
Notes payable 4,288,201,190.58 2,635,051,740.30
Accounts payable 3,020,021,671.33 2,331,899,310.82
Accounts received in advance 471,826,277.65 390,935,440.46
Selling financial asset of repurchase
Commission charge and commission
payable
Wage payable 165,651,828.54 189,592,039.00
23
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Taxes payable 43,059,629.85 59,849,032.13
Interest payable 2,820,852.12 1,617,352.01
Dividend payable 16,973,446.44 2,545,801.23
Other accounts payable 766,676,107.98 622,580,323.43
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
65,793,269.73 272,202,590.10
year
Other current liabilities
Total current liabilities 10,407,312,243.69 6,795,176,603.79
Non-current liabilities:
Long-term loans 253,460,000.00 38,908,788.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 25,912,286.96 29,696,403.85
Special accounts payable 1,530,000.00 1,400,000.00
Projected liabilities 327,309,402.62 331,575,430.79
Deferred income 119,251,414.32 142,919,562.49
Deferred income tax liabilities 1,345,123.71 1,809,032.00
Other non-current liabilities
Total non-current liabilities 728,808,227.61 546,309,217.13
Total liabilities 11,136,120,471.30 7,341,485,820.92
Owner’s equity:
Share capital 1,044,597,881.00 1,044,597,881.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 2,685,317,635.93 2,687,961,060.65
Less: Inventory shares
Other comprehensive income -1,473,690.53 3,474,546.95
24
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Reasonable reserve
Surplus public reserve 391,029,420.33 391,029,420.33
Provision of general risk
Retained profit 1,025,643,826.09 968,097,382.98
Total owner’s equity attributable to parent
5,145,115,072.82 5,095,160,291.91
company
Minority interests 101,795,027.15 70,921,198.01
Total owner’s equity 5,246,910,099.97 5,166,081,489.92
Total liabilities and owner’s equity 16,383,030,571.27 12,507,567,310.84
Legal Representative: Li Wei
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 2,538,891,650.59 3,071,362,771.31
Financial assets measured by fair value
and with variation reckoned into current 8,177,491.37 12,060,213.30
gains/losses
Derivative financial assets
Notes receivable 1,867,222,311.00 1,053,598,721.93
Accounts receivable 1,765,115,101.94 1,006,701,894.37
Account paid in advance 260,166,247.30 106,947,474.25
Interest receivable
Dividends receivable
Other receivables 65,110,294.20 26,742,423.95
Inventories 992,189,207.52 1,017,090,374.81
Divided into assets held for sale
Non-current assets maturing within one
year
Other current assets 1,473,614,755.93 1,427,283,451.40
Total current assets 8,970,487,059.85 7,721,787,325.32
Non-current assets:
Available-for-sale financial assets 31,000,000.00 17,000,000.00
Held-to-maturity investments
25
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Long-term receivables
Long-term equity investments 1,027,003,540.91 992,282,289.21
Investment property 10,976,598.81 11,332,015.32
Fixed assets 823,751,690.56 861,163,999.99
Construction in progress 66,347,840.16 19,478,121.20
Project materials
Disposal of fixed assets 43,553,207.13 43,494,954.71
Productive biological assets
Oil and natural gas assets
Intangible assets 428,222,188.11 430,435,091.82
Research and development costs 13,167,208.57 12,797,092.26
Goodwill
Long-term deferred expenses
Deferred income tax assets 68,898,501.62 69,138,686.26
Other non-current assets
Total non-current assets 2,512,920,775.87 2,457,122,250.77
Total assets 11,483,407,835.72 10,178,909,576.09
Current liabilities:
Short-term borrowings 1,250,645,758.64 261,843,724.73
Financial liability measured by fair
value and with variation reckoned into 12,161,010.83 -
current gains/losses
Derivative financial liability
Notes payable 2,125,244,809.04 1,734,774,950.13
Accounts payable 1,437,945,563.51 1,521,019,717.86
Accounts received in advance 93,612,893.62 104,205,506.34
Wage payable 16,396,848.43 57,714,577.87
Taxes payable 16,497,829.06 25,677,906.64
Interest payable 2,820,852.12 1,617,352.01
Dividend payable 16,973,446.44 2,545,801.23
Other accounts payable 680,946,230.18 634,561,307.52
Divided into liability held for sale
Non-current liabilities due within 1
8,384,280.52 257,750,238.18
year
Other current liabilities
26
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Total current liabilities 5,661,629,522.39 4,601,711,082.51
Non-current liabilities:
Long-term loans 253,460,000.00 4,751,000.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 25,912,286.96 29,696,403.85
Special accounts payable
Projected liabilities 327,309,402.62 331,575,430.79
Deferred income 58,817,773.52 64,601,290.18
Deferred income tax liabilities 1,226,623.71 1,809,032.00
Other non-current liabilities
Total non-current liabilities 666,726,086.81 432,433,156.82
Total liabilities 6,328,355,609.20 5,034,144,239.33
Owners’ equity:
Share capita 1,044,597,881.00 1,044,597,881.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 2,753,017,007.10 2,753,017,007.10
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 390,811,254.65 390,811,254.65
Retained profit 966,626,083.77 956,339,194.01
Total owner’s equity 5,155,052,226.52 5,144,765,336.76
Total liabilities and owner’s equity 11,483,407,835.72 10,178,909,576.09
Legal Representative: Li Wei
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
27
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
I. Total operating income 4,661,344,340.71 3,130,593,704.26
Including: Operating income 4,661,344,340.71 3,130,593,704.26
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 4,641,920,759.94 3,076,387,035.13
Including: Operating cost 3,852,369,112.25 2,596,993,536.17
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 48,770,715.24 36,652,677.61
Sales expenses 632,230,730.76 398,059,771.10
Administration expenses 129,791,354.97 104,835,454.22
Financial expenses -6,349,963.54 -29,334,284.01
Losses of devaluation of asset -14,891,189.74 -30,820,119.96
Add: Changing income of fair
-5,116,597.88 3,415,197.41
value(Loss is listed with “-”)
Investment income (Loss is listed
16,082,387.37 2,472,603.86
with “-”)
Including: Investment income on
5,461,346.63 4,369,829.75
affiliated company and joint venture
Exchange income (Loss is listed
- -
with “-”)
Other income 2,499,869.07 -
III. Operating profit (Loss is listed
32,889,239.33 60,094,470.40
with “-”)
28
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Add: Non-operating income 14,891,086.61 16,758,382.91
Including: Disposal gains of
- 3,686,882.38
non-current asset
Less: Non-operating expense 3,117,768.37 3,582,893.79
Including: Disposal loss of
2,874,528.59 3,496,458.26
non-current asset
IV. Total Profit (Loss is listed with
44,662,557.57 73,269,959.52
“-”)
Less: Income tax expense 14,916,499.34 17,357,472.98
V. Net profit (Net loss is listed with “-”) 29,746,058.23 55,912,486.54
Net profit attributable to owner’s of
28,147,276.19 55,295,963.61
parent company
Minority shareholders’ gains and
1,598,782.04 616,522.93
losses
VI. Net after-tax of other -3,141,017.15
1,136,930.29
comprehensive income
Net after-tax of other comprehensive
income attributable to owners of parent -2,412,157.86 888,396.33
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 -2,412,157.86 888,396.33
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
29
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
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 -2,412,157.86 888,396.33
currency financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority -728,859.29 248,533.96
shareholders
VII. Total comprehensive income 26,605,041.08 57,049,416.83
Total comprehensive income
attributable to owners of parent 25,735,118.33 56,184,359.94
Company
Total comprehensive income
869,922.75 865,056.89
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0269 0.0724
(ii) Diluted earnings per share 0.0269 0.0724
Legal Representative: Li Wei
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 2,048,257,729.20 1,795,492,670.63
Less: Operating cost 1,803,309,297.32 1,635,128,856.94
Operating tax and extras 19,826,226.92 16,655,993.91
Sales expenses 162,337,651.60 95,478,445.45
Administration expenses 39,291,319.80 48,382,777.13
Financial expenses 760,172.92 -20,932,496.87
Losses of devaluation of asset -4,641,531.19 -6,902,766.78
Add: Changing income of fair -5,116,597.88 3,415,197.41
30
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
value(Loss is listed with “-”)
Investment income (Loss is
10,591,073.95 3,455,851.28
listed with “-”)
Including: Investment income
435,788.04 4,504,457.55
on affiliated company and joint venture
Other income
II. Operating profit (Loss is listed
32,849,067.90 34,552,909.54
with “-”)
Add: Non-operating income 6,931,501.13 3,066,843.07
Including: Disposal gains of
- -
non-current asset
Less: Non-operating expense 4,823.30 1,289,725.14
Including: Disposal loss of
4,823.30 1,289,725.14
non-current asset
III. Total Profit (Loss is listed with
39,775,745.73 36,330,027.47
“-”)
Less: Income tax expense 5,951,952.15 6,285,843.65
IV. Net profit (Net loss is listed with
33,823,793.58 30,044,183.82
“-”)
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
31
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
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 33,823,793.58 30,044,183.82
VII. Earnings per share:
(i) Basic earnings per share 0.0324 0.0393
(ii) Diluted earnings per share 0.0324 0.0393
Legal Representative: Li Wei
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 13,179,138,533.81 9,997,224,966.94
Including: Operating income 13,179,138,533.81 9,997,224,966.94
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 13,078,726,742.99 9,836,805,813.99
Including: Operating cost 10,848,595,161.10 8,029,455,223.27
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
32
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
tax and extras 114,606,735.55 116,110,258.87
Sales expenses 1,772,402,762.84 1,473,707,521.70
Administration expenses 352,324,446.71 280,799,875.17
Financial expenses -39,804,446.21 -69,033,626.17
Losses of devaluation of asset 30,602,083.00 5,766,561.15
Add: Changing income of fair
-15,475,683.18 2,136,627.20
value(Loss is listed with “-”)
Investment income (Loss is listed
39,675,737.03 6,625,694.81
with “-”)
Including: Investment income on
2,235,018.46 3,536,619.33
affiliated company and joint venture
Exchange income (Loss is listed
- -
with “-”)
Other income 3,775,806.69 -
III. Operating profit (Loss is listed
128,387,651.36 169,181,474.96
with “-”)
Add: Non-operating income 38,382,234.46 38,230,085.35
Including: Disposal gains of
261,776.49 4,017,716.14
non-current asset
Less: Non-operating expense 14,573,069.00 5,401,767.97
Including: Disposal loss of
14,234,403.75 5,041,587.90
non-current asset
IV. Total Profit (Loss is listed with
152,196,816.82 202,009,792.34
“-”)
Less: Income tax expense 24,356,057.20 36,173,658.96
V. Net profit (Net loss is listed with “-”) 127,840,759.62 165,836,133.38
Net profit attributable to owner’s of
120,222,315.96 165,288,664.89
parent company
Minority shareholders’ gains and
7,618,443.66 547,468.49
losses
VI. Net after-tax of other
-6,493,532.56 3,621,779.01
comprehensive income
33
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Net after-tax of other comprehensive
income attributable to owners of parent -4,948,237.48 2,702,853.40
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 -4,948,237.48 2,702,853.40
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 -4,948,237.48 2,702,853.40
currency financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority -1,545,295.08 918,925.61
shareholders
VII. Total comprehensive income 121,347,227.06 169,457,912.39
Total comprehensive income 115,274,078.48 167,991,518.29
34
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
attributable to owners of parent
Company
Total comprehensive income
6,073,148.58 1,466,394.10
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.1151 0.2164
(ii) Diluted earnings per share 0.1151 0.2164
Legal Representative: Li Wei
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 6,177,866,081.70 5,566,265,834.56
Less: Operating cost 5,578,678,753.58 4,795,261,083.95
Operating tax and extras 47,548,756.62 55,404,879.61
Sales expenses 393,775,870.67 516,556,298.89
Administration expenses 148,356,536.03 125,791,065.09
Financial expenses -36,446,166.41 -52,450,533.19
Losses of devaluation of asset 215,030.18 2,257,210.13
Add: Changing income of fair
-16,043,732.76 2,136,627.20
value(Loss is listed with “-”)
Investment income (Loss is
40,321,157.90 86,348,448.62
listed with “-”)
Including: Investment income
3,541,251.70 7,149,440.12
on affiliated company and joint venture
Other income
II. Operating profit (Loss is listed
70,014,726.17 211,930,905.90
with “-”)
Add: Non-operating income 14,350,220.11 17,439,146.83
Including: Disposal gains of
- 269,387.27
non-current asset
Less: Non-operating expense 1,452,725.15 2,506,291.62
Including: Disposal loss of
1,448,384.55 2,440,092.05
non-current asset
III. Total Profit (Loss is listed with 82,912,221.13 226,863,761.11
35
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
“-”)
Less: Income tax expense 9,949,458.52 21,200,973.23
IV. Net profit (Net loss is listed with
72,962,762.61 205,662,787.88
“-”)
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
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 72,962,762.61 205,662,787.88
VII. Earnings per share:
36
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
(i) Basic earnings per share 0.0698 0.2693
(ii) Diluted earnings per share 0.0698 0.2693
Legal Representative: Li Wei
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
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 10,688,634,329.82 9,599,703,438.75
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 332,183,490.22 247,773,581.20
Other cash received concerning
41,763,321.49 34,952,309.45
operating activities
Subtotal of cash inflow arising from 11,062,581,141.53 9,882,429,329.40
37
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
operating activities
Cash paid for purchasing
commodities and receiving labor 9,088,798,341.30 6,611,688,071.65
service
Net increase of customer loans and
advances
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 1,060,957,793.60 920,334,293.94
Taxes paid 417,607,656.54 384,467,110.44
Other cash paid concerning
626,015,434.18 403,000,203.98
operating activities
Subtotal of cash outflow arising from
11,193,379,225.62 8,319,489,680.01
operating activities
Net cash flows arising from operating
-130,798,084.09 1,562,939,649.39
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
2,957,000,000.00 500,000,000.00
investment
Cash received from investment
47,477,575.32 6,693,575.48
income
Net cash received from disposal of
fixed, intangible and other long-term 2,531,948.87 25,572,793.14
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
73,811,624.63 63,100,133.03
investing activities
Subtotal of cash inflow from investing
3,080,821,148.82 595,366,501.65
activities
Cash paid for purchasing fixed,
343,043,647.04 97,689,141.65
intangible and other long-term assets
38
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Cash paid for investment 3,581,652,412.20 115,583,860.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
10,574,661.31 4,296,600.00
investing activities
Subtotal of cash outflow from investing
3,935,270,720.55 217,569,601.65
activities
Net cash flows arising from investing
-854,449,571.73 377,796,900.00
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
23,068,316.00 1,564,983,118.37
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 2,371,636,546.03 1,512,385,108.63
Cash received from issuing bonds - -
Other cash received concerning
- 3,451.80
financing activities
Subtotal of cash inflow from financing
2,394,704,862.03 3,077,371,678.80
activities
Cash paid for settling debts 1,096,840,299.04 800,889,419.18
Cash paid for dividend and profit
67,101,769.40 57,565,188.54
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
151,611.24 156,871.81
financing activities
Subtotal of cash outflow from financing
1,164,093,679.68 858,611,479.53
activities
Net cash flows arising from financing
1,230,611,182.35 2,218,760,199.27
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -18,706,015.36 20,383,777.92
exchange rate
39
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
V. Net increase of cash and cash
226,657,511.17 4,179,880,526.58
equivalents
Add: Balance of cash and cash
3,986,098,419.76 2,121,161,238.01
equivalents at the period -begin
VI. Balance of cash and cash
4,212,755,930.93 6,301,041,764.59
equivalents at the period -end
Legal Representative: Li Wei
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 4,210,014,747.91 4,698,437,869.58
services
Write-back of tax received 167,344,442.26 123,186,350.49
Other cash received concerning
18,738,823.22 15,201,480.61
operating activities
Subtotal of cash inflow arising from
4,396,098,013.39 4,836,825,700.68
operating activities
Cash paid for purchasing
commodities and receiving labor 5,205,491,001.62 3,699,813,726.55
service
Cash paid to/for staff and workers 416,120,059.29 370,683,809.63
Taxes paid 68,213,970.16 118,631,891.16
Other cash paid concerning
174,378,876.86 207,844,269.17
operating activities
Subtotal of cash outflow arising from
5,864,203,907.93 4,396,973,696.51
operating activities
Net cash flows arising from operating
-1,468,105,894.54 439,852,004.17
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
2,880,000,000.00 505,798,619.62
investment
Cash received from investment 46,802,594.32 81,954,888.88
40
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
income
Net cash received from disposal of
fixed, intangible and other long-term 567,847.40 1,919,834.50
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
58,985,857.24 47,967,134.69
investing activities
Subtotal of cash inflow from investing
2,986,356,298.96 637,640,477.69
activities
Cash paid for purchasing fixed,
241,876,285.81 53,798,472.75
intangible and other long-term assets
Cash paid for investment 2,995,180,391.20 171,250,000.00
Net cash received from
subsidiaries and other units
Other cash paid concerning
10,574,661.31 67,327,805.65
investing activities
Subtotal of cash outflow from investing
3,247,631,338.32 292,376,278.40
activities
Net cash flows arising from investing
-261,275,039.36 345,264,199.29
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
- 1,541,999,998.84
investment
Cash received from loans 2,022,551,446.03 1,482,458,180.27
Cash received from issuing bonds
Other cash received concerning
305,264,361.17 499,060,968.88
financing activities
Subtotal of cash inflow from financing
2,327,815,807.20 3,523,519,147.99
activities
Cash paid for settling debts 1,023,790,749.04 772,716,315.18
Cash paid for dividend and profit
65,697,535.58 56,064,494.85
distributing or interest paying
Other cash paid concerning
27,237,860.58 67,598,005.48
financing activities
Subtotal of cash outflow from financing
1,116,726,145.20 896,378,815.51
activities
41
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2017(Full Text)
Net cash flows arising from financing
1,211,089,662.00 2,627,140,332.48
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -11,923,958.43 19,002,920.97
exchange rate
V. Net increase of cash and cash
-530,215,230.33 3,431,259,456.91
equivalents
Add: Balance of cash and cash
3,067,671,385.08 1,654,499,494.28
equivalents at the period -begin
VI. Balance of cash and cash
2,537,456,154.75 5,085,758,951.19
equivalents at the period -end
Legal Representative: Li Wei
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: Li Wei
18 October 2017
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