CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Stock Code: 000521, 200521 Notice No.: 2022-030
Short Form of the Stock: Changhong Meiling, Hongmeiling B
Changhong Meiling Co., Ltd.
The First Quarterly Report of 2022
The Company and whole members of the Board guarantee that the information disclosed is true, accurate and
complete and there are no fictitious records, misleading statements or material omissions carried in the Report,
Important Note:
1. Board of Directors and the Supervisory Committee of Changhong Meiling Co., Ltd. (hereinafter referred to as
the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
2. Person in charge of the Company, head of accounting and person in charger of accounting organ (accounting
officer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate and complete.
3. The first quarterly report audited or not
□Yes √No
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √ No
Changes of this period over same
Current Period Same period of last year
period of last year
Operating income (RMB) 4,012,925,239.44 4,130,121,476.44 -2.84%
Net profit attributable to shareholders of the
5,147,648.23 5,297,826.42 -2.83%
listed company (RMB)
Net profit attributable to shareholders of the
listed company after deducting non-recurring -22,549,982.34 -26,469,858.74 14.81%
gains and losses (RMB)
Net cash flow arising from operating activities
-1,064,503,447.07 -968,522,457.80 -9.91%
(RMB)
Basic earnings per share (RMB/Share) 0.0050 0.0051 -1.96%
1
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Diluted earnings per share (RMB/Share) 0.0050 0.0051 -1.96%
Weighted average ROE 0.10% 0.11% 0.01 percentage points down
Changes of this period-end over
End of this period End of last period
same period-end of last year
Total assets (RMB) 15,379,389,911.00 15,190,469,756.33 1.24%
Owners’ equity attributable to shareholders of
4,841,375,032.38 4,837,334,400.21 0.08%
listed company (RMB)
(ii)Items of non-recurring gains and losses
√ Applicable □ Not applicable
Unit:RMB/CNY
Item Current amount Note
Gains/losses from the disposal of non-current asset (including the Found in “Gains on disposal of
3,689,706.71
write-off that accrued for impairment of assets) assets ”
Governmental subsidy calculated into current gains and
losses(while closely related with the normal business of the
Company, the government subsidy that accord with the provision 23,684,763.58 Found in “Other income”
of national policies and are continuously enjoyed in line with a
certain standard quota or quantity are excluded)
Gains/losses of fair value changes arising from holding of the
trading financial asset, trading financial liability and investment
earnings obtained from disposing the trading financial asset, Found in “Investment earnings” and
3,712,111.38
trading financial liability, and financial assets available for sale, “Changes in fair value gains/losses”
except for the effective hedging business related to normal
operation of the Company
”Found in “Non-operating income”,
Other non-operating income and expenses other than the above 277,431.84
“Non-operating expenditure”
Less: impact on income tax 3,447,932.10
Impact on minority shareholders’ equity (post-tax) 218,450.84
Total 27,697,630.57 --
Details of other gains/losses items that meets the definition of non-recurring gains/losses:
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain 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
□ Applicable √ Not applicable
There are 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
2
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
1.Changes and reasons of items in balance sheet
Unit:RMB/CNY
Changes
Item Ending balance Opening balance Reasons of changes
ratio
Mainly due to the purchase of financial products in
Trading financial assets 233,166,145.94 17,997,086.19 1195.58%
the Period
Mainly because the note receivable due for remittance
Note receivable 907,242.87 2,216,752.22 -59.07%
in the Period.
Account paid in Mainly due to the increase in prepayment for raw
42,228,271.87 29,766,797.34 41.86%
advance materials in the Period.
Inventory 2,270,256,051.70 1,356,357,419.80 67.38% Mainly due to the increase in production in the Period
Mainly due to the warranties for new projects in the
Contract assets 1,777,252.62 - -
Period.
Long-term expenses to Mainly due to the leasing of plant construction in the
140,885.26 - -
be apportioned Period.
Other non-current Mainly due to the absence of long-term prepayments
- 3,087,780.59 -100.00%
assets for construction in the Period
Mainly due to the increase in purchase of raw
Account payable 3,332,710,063.99 2,299,103,796.88 44.96%
materials in the Period
Mainly due to the decrease in advance receivables in
Contract liabilities 357,443,604.25 515,004,115.23 -30.59%
the Period
Taxes payable 60,844,916.80 141,874,861.88 -57.11% Mainly due to the payment of VAT in the Period
Mainly due to the cancellation of treasury shares in
Treasury shares - 26,430,571.38 -100.00%
the Period
2.Changes and reasons of items in profit statement
Unit:RMB/CNY
Item Current period Amount at the
Changes
same period of Reasons of changes
ratio
last year
Mainly due to the loss from foreign exchange in the same
Financial expenses -41,364,640.07 -1,483,821.14 -2687.71%
period of the previous year.
Mainly due to the y-o-y increase in government subsidies in
Other income 26,202,120.61 13,160,582.16 99.10%
the Period
3
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Mainly due to the decrease in gains from settlement of
Investment earnings 7,547,051.46 31,431,230.42 -75.99%
forward foreign exchange contracts in the Period
Gains on changes in Mainly due to the changes in fair value of the forward
-1,533,990.67 -17,465,727.43 91.22%
fair value foreign exchange contract in the Period
Gains on disposal of Mainly due to the earnings from disposal of land assets in
3,689,706.71 -132,879.85 2876.72%
assets the Period
Non-operating Mainly due to the y-o-y decrease in liquidation of the
1,073,158.74 4,126,563.91 -73.99%
income long-term debts in the Period
Non-operating Mainly due to the non-current assets scrapped losses in the
795,726.90 450,581.59 76.60%
expenditure Period
Mainly due to the taxable incomes declined in the Period,
Income tax expenses -1,669,169.27 5,426,757.07 -130.76%
than the income tax expenses decreased.
Gains/losses of Mainly due to the y-o-y increase in earnings from some of
8,232,999.11 6,070,032.95 35.63%
minority’s interest the wholly-owned subsidiaries in the Period
3.Changes and reasons of items in cash flow statement
Unit:RMB/CNY
Item Current Amount at the
Changes
period same period of Reasons of changes
ratio
last year
Other cash received concerning Mainly due to the y-o-y increase in government
39,337,433.81 20,772,768.09 89.37%
operation activities subsidies received in the Period
Mainly due to the y-o-y increase in VAT payment
Taxes paid 132,796,426.52 81,424,772.89 63.09%
from subsidiary Meiling Group
Cash received from recovery of Partial recovery of investment in Hongyun Fund
1,539,824.00 - -
investment in the Period while none in the previous period
Received the dividends from associate and
Cash received from the acquisition of
11,003,504.00 - - Hongyun Fund in the Period while none in the
investment earnings
previous period
Net cash received from disposal of
fixed assets, intangible assets and other 8,304,653.60 226,967.80 3558.96% Mainly due to the y-o-y increase in assets disposal
long-term assets
Mainly due to the y-o-y decrease of financial
Cash paid for investments 220,000,000.00 1,000,000,000.00 -78.00%
products procurement in the Period
Other cash paid concerning investment Mainly due to the y-o-y decrease in foreign
700.67 24,740.79 -97.17%
activities exchange losses from subsidiaries in the Period
Mainly because subsidiary Life Appliances absorb
Cash received from absorption of
- 15,000,000.00 -100.00% minority equity investment in same period of last
investments
year while none in the current period
Cash received from borrowing 225,000,000.00 647,079,820.49 -65.23% Mainly due to the y-o-y decrease in borrowings in
4
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
the Period
Mainly due to the y-o-y decrease in repayment of
Cash paid for debt repayment 175,000,000.00 904,900,000.00 -80.66%
loans in the Period
Cash paid for distribution of dividends, Mainly due to the y-o-y decrease in interest
10,261,148.45 19,467,766.75 -47.29%
profits or repayment of interests repayment in the Period
Other cash paid concerning financing Mainly due to the y-o-y decrease in repurchase
4,144,046.56 6,339,329.84 -34.63%
activities payment for B-stock in the Period
Effect of exchange rate changes on Mainly due to the change of exchange rate in the
398,221.49 -3,538,183.05 111.25%
cash Period
II. Shareholders
(i)Total number of common shareholders and preference shareholders with voting rights recovered and
top ten shareholders
Unit: Share
Total preference shareholders
Total number of common shareholders at the with voting rights recovered at
60,786 0
end of report period end of reporting period (if
applicable)
Top ten shareholders
Amount of Information of shares pledged,
Nature of Proportion of Amount of
Shareholder’s name lock-up tagged or frozen
shareholder shares held shares held
shares held State of share Amount
State-owned legal
Sichuan Changhong Electric Co., Ltd. 24.12% 248,457,724 0 - -
person
Hefei Industry Investment Holding State-owned legal
4.64% 47,823,401 0 - -
(Group) Co., Ltd. person
CHANGHONG (HK) TRADING
Foreign legal person 2.63% 27,077,797 0 - -
LIMITED
Foreign natural
CAO SHENGCHUN 1.43% 14,766,086 0 - -
person
Domestic natural
Ma Guobin 1.42% 14,642,300 0 - -
person
Caitong Fund- Ningbo Bank-Haitong Domestic
Xingtai (Anhui) Emerging Industry non-state-owned 1.04% 10,733,452 0 - -
Investment Fund (Limited Partnership) legal person
Zhuhai Jinyi Assets Management Co., Domestic
Ltd. - Private equity investment fund Jinyi non-state-owned 1.00% 10,347,600 0 - -
Phase I legal person
5
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Philip Securities (H.K.) Co., Ltd. Foreign legal person 0.61% 6,296,913 0 - -
UBS AG Foreign legal person 0.52% 5,360,600 0 - -
Domestic natural
Chen Qin 0.43% 4,383,888 0 - -
person
Top ten shareholders with unrestricted shares held
Amount of Type of shares
Shareholder’s name unrestricted
Type Amount
shares held
Sichuan Changhong Electric Co., Ltd. 248,457,724 RMB ordinary shares 248,457,724
Hefei Industry Investment Holding (Group) Co., Ltd. 47,823,401 RMB ordinary shares 47,823,401
CHANGHONG (HK) TRADING LIMITED Domestically listed 27,077,797
27,077,797
foreign shares
CAO SHENGCHUN Domestically listed 14,766,086
14,766,086
foreign shares
Ma Guobin 14,642,300 RMB ordinary shares 14,642,300
Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment 10,733,452
10,733,452 RMB ordinary shares
Fund (Limited Partnership)
Zhuhai Jinyi Assets Management Co., Ltd. - Private equity investment fund Jinyi Phase 10,347,600
10,347,600 RMB ordinary shares
I
Philip Securities (H.K.) Co., Ltd. Domestically listed 6,296,913
6,296,913
foreign shares
UBS AG 5,360,600 RMB ordinary shares 5,360,600
Chen Qin 4,383,888 RMB ordinary shares 4,383,888
Among the above shareholders, CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong
Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co., Ltd.; except the shares of
the Company directly held by Hong Kong Changhong, 6,296,913 shares of B-stock are also held through Phillip
Securities (H.K.) Co., Ltd., the foregoing shareholders constitute persons of uniform action. There existed no
associated relationship or belong to the concerted actors as specified in the Measures for the Administration of
Explanation on associated
Information Disclosure of Shareholder Equity Changes of Listed Companies among Sichuan Changhong Electric
relationship among the
Co., Ltd, Hong Kong Changhong and other top 7 shareholders (except Philip Securities (H.K.) Co., Ltd.);
aforesaid shareholders
“Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited
Partnership) ” refers to the products of Caitong Fund Management Company subscribe for privately placement
of 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”.
As of March 31, 2022, among the top 10 common shareholders, Ma Guobin held 13,000,000 shares of the
Explanation on top ten common
Company through customer credit trading secured account of Founder Securities Co., Ltd., and 1,642,300 shares
shareholders involving margin
hold through common securities account, thus 14,642,300 shares of the Company are held in total. Shareholder-
business (if applicable)
Zhuhai Jinyi Assets Management Co., Ltd. - Private equity investment fund Jinyi Phase I held 8,992,400 shares
6
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
of the Company through its customer credit trading secured account of Industrial Securities and 1,355,200 shares
through its common securities account, resulting in a total of 10,347,600 shares of the Company.
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other important matters
√Applicable □Not applicable
Information index for temporary report
Overview Date for disclosure
disclosure
On March 2, 2022, the cancellation of 14,674,166 shares of
domestically listed foreign shares (B-stock) repurchased was completed
Juchao Website: http://www.cninfo.com.cn
at the Shenzhen Branch of CSDC. Total share capital of the Company 2022-3-4
(No. 2022-011)
was reduced from 1,044,597,881 shares to 1,029,923,715 shares upon
the completion of cancellation.
After review and approval by the resolution of the BOD, approved the
renewal of Shine Wing Accounting Firm (special general partnership) Juchao Website: http://www.cninfo.com.cn
2022-3-31
as the company's 2022 annual financial report and internal control audit (No. 2022-012)
firm for one year.
After review and approval by the resolution of the BOD and BOS, the
Juchao Website: http://www.cninfo.com.cn
Company agreed to change the accounting policy in accordance with
2022-3-31 (No. 2022-012, No. 2022-013 and No.
relevant regulations of the Q&A with ASBE Concerned issued by the
2022-017)
Accounting Regulatory Dept. of Ministry of Finance
After review and approval by the resolution of the BOD, its agreed that
the Company and its subsidiaries shall carry out the forward foreign
exchange fund trading during the period from July 1, 2022 to June 30,
Juchao Website: http://www.cninfo.com.cn
2023 with trading balance not exceed $825 million (mainly including: 2022-3-31
(No. 2022-012 and No. 2022-019)
USD, AUD, EUR, and all other foreign currencies are converted to
USD), maximum settlement period for single business is not more than
one year.
After review and approval by the resolution of the BOD, its agreed to
donate a scholarship of up to 5.65 million yuan to 11 famous
universities in China within 10 years by subordinate wholly-owned
Juchao Website: http://www.cninfo.com.cn
subsidiary - Zhongke Meiling Cryogenic Technology Co., Ltd with 2022-3-31
(No. 2022-012 and No. 2022-021)
purpose of supporting the development of university education and
enhancing the brand reputation, social image and influence of the
Company and its subsidiaries.
After review and approval by the resolution of the BOD and BOS, it is Juchao Website: http://www.cninfo.com.cn
2022-3-31
agreed that the company would complete the "intelligent R&D (No. 2022-012, No. 2022-013 and No.
7
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
management platform construction", a sub-project of the remaining 2022-022)
fundraising projects "intelligent manufacturing construction project"
and "intelligent R&D project". and the savings on above mentioned
proceeds as of December 31, 2021(final amount is based on the bank
balance on the day the fund transferred), that is 5,665,621.17 yuan and
the balance resulting from the difference between interest income and
handling charges generated before the subsequent cancellation of the
specific account for fund raising, to permanently replenish working
capital of the Company for routine operation and business
development.
After review and approval by the resolution of the BOD, its agreed to
invest 10.45 million yuan in the technical transformation of the
front-end production line of refrigerators in Hefei base. Established a
Juchao Website: http://www.cninfo.com.cn
new door shell forming line for the multi-door to improving the 2022-3-31
(No. 2022-012)
front-end manufacturing capability of the Company and achieved cost
reduction and improve the market competitiveness of the products to
meet the production demand of refrigerator products.
After review and approval by the resolution of the BOD, its agreed that
the company and its subsidiaries apply to Industrial Bank Co., Ltd.,
Hefei Branch for a special credit line of bill pool of up to 400 million
Juchao Website: http://www.cninfo.com.cn
yuan; and apply to Ping An Bank Co., Ltd. Hefei Branch for a special 2022-3-31
(No. 2022-012 and No. 2022-023)
credit line of bill pool of up to 300 million yuan; and apply to Jiujiang
Bank Co., Ltd. Hefei Branch for a special credit line of bill pool of up
to 400 million yuan.
IV. Quarterly financial statements
(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Changhong Meiling Co., Ltd.
Unit: RMB/CNY
Item Ending balance Opening balance
Current assets:
Monetary fund 4,762,243,208.64 5,938,823,396.21
Settlement provisions
Capital lent
Trading financial assets 233,166,145.94 17,997,086.19
Derivative financial assets
Note receivable 907,242.87 2,216,752.22
8
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Account receivable 1,751,014,904.30 1,440,874,691.28
Receivable financing 1,723,363,796.40 1,808,109,301.56
Account paid in advance 42,228,271.87 29,766,797.34
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable 103,056,898.08 111,652,635.86
Including: Interest receivable
Dividend receivable
Buying back the sale of financial assets
Inventory 2,270,256,051.70 1,356,357,419.80
Contract assets 1,777,252.62
Assets held for sale
Non-current asset due within one year
Other current assets 153,827,197.49 124,240,934.45
Total current assets 11,041,840,969.91 10,830,039,014.91
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 82,169,081.13 86,631,660.53
Investment in other equity instrument
Other non-current financial assets 576,200,641.50 581,980,440.70
Investment real estate 52,670,560.06 53,149,934.45
Fixed assets 2,280,104,619.94 2,303,122,699.92
Construction in progress 103,636,394.90 98,469,862.45
Productive biological asset
Oil and gas asset
Right-of-use assets 42,920,559.41 45,367,918.31
Intangible assets 933,200,360.90 953,403,100.33
Expense on research and development 110,822,447.17 87,728,990.86
Goodwill
Long-term expenses to be apportioned 140,885.26
9
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Deferred income tax asset 155,683,390.82 147,488,353.28
Other non-current assets 3,087,780.59
Total non-current asset 4,337,548,941.09 4,360,430,741.42
Total assets 15,379,389,911.00 15,190,469,756.33
Current liabilities:
Short-term loans 670,088,074.22 622,874,652.77
Loan from central bank
Capital borrowed
Trading financial liability 9,007,322.83 12,304,272.41
Derivative financial liability
Note payable 4,211,716,538.68 4,839,837,317.78
Account payable 3,332,710,063.99 2,299,103,796.88
Accounts received in advance
Contract liabilities 357,443,604.25 515,004,115.23
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable 199,770,704.42 247,044,421.56
Taxes payable 60,844,916.80 141,874,861.88
Other account payable 773,895,520.75 751,452,768.00
Including: Interest payable
Dividend payable 4,753,764.56 4,753,764.56
Commission charge and commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year 331,709,820.49 332,718,478.25
Other current liabilities 24,167,988.60 24,373,759.16
Total current liabilities 9,971,354,555.03 9,786,588,443.92
Non-current liabilities:
Insurance contract reserve
Long-term loans 168,000,000.00 168,000,000.00
Bonds payable
Including: Preferred stock
10
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Perpetual capital securities
Lease liability 32,155,802.09 33,225,912.15
Long-term account payable 1,289,554.05 1,337,643.24
Long-term wages payable 9,303,179.92 9,828,300.06
Accrual liability 11,333,409.09 11,363,601.63
Deferred income 169,960,107.90 175,664,038.83
Deferred income tax liabilities 8,902,951.71 9,670,435.45
Other non-current liabilities
Total non-current liabilities 400,945,004.76 409,089,931.36
Total liabilities 10,372,299,559.79 10,195,678,375.28
Owner’s equity:
Share capital 1,029,923,715.00 1,044,597,881.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 2,670,335,694.07 2,682,829,400.26
Less: Treasury shares 26,430,571.38
Other comprehensive income -21,272,985.82 -20,903,270.57
Reasonable reserve
Surplus public reserve 423,111,236.90 423,111,236.90
Provision of general risk
Retained profit 739,277,372.23 734,129,724.00
Total owner’ s equity attributable to parent company 4,841,375,032.38 4,837,334,400.21
Minority interests 165,715,318.83 157,456,980.84
Total owner’ s equity 5,007,090,351.21 4,994,791,381.05
Total liabilities and owner’ s equity 15,379,389,911.00 15,190,469,756.33
Legal Representative: Wu Dinggang
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
2. Consolidated Profit Statement
Unit: RMB/CNY
11
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Item Current period Last period
I. Total operating income 4,012,925,239.44 4,130,121,476.44
Including: Operating income 4,012,925,239.44 4,130,121,476.44
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 4,011,460,060.46 4,114,082,728.16
Including: Operating cost 3,505,133,832.06 3,462,713,769.04
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
Tax and extras 29,031,104.40 27,280,660.16
Sales expense 335,122,981.27 470,854,477.88
Administrative expense 74,774,111.15 69,868,119.38
R&D expense 108,762,671.65 84,849,522.84
Financial expenses -41,364,640.07 -1,483,821.14
Including: Interest expenses 11,459,855.40 19,017,594.62
Interest income 34,441,441.46 32,955,063.89
Add: other income 26,202,120.61 13,160,582.16
Investment income (Loss is listed with “-”) 7,547,051.46 31,431,230.42
Including: Investment income on affiliated company
2,224,748.61 -7,098,168.49
and joint venture
The termination of income recognition for
financial assets measured by amortized cost
Exchange income (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Income from change of fair value (Loss is listed with
-1,533,990.67 -17,465,727.43
“-”)
Loss of credit impairment (Loss is listed with “-”) -13,619,904.38 -14,975,095.55
Losses of devaluation of asset (Loss is listed with “-”) -12,316,116.48 -14,938,223.91
12
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Income from assets disposal (Loss is listed with “-”) 3,689,706.71 -132,879.85
III. Operating profit (Loss is listed with “-”) 11,434,046.23 13,118,634.12
Add: Non-operating income 1,073,158.74 4,126,563.91
Less: Non-operating expense 795,726.90 450,581.59
IV. Total profit (Loss is listed with “-”) 11,711,478.07 16,794,616.44
Less: Income tax expense -1,669,169.27 5,426,757.07
V. Net profit (Net loss is listed with “-”) 13,380,647.34 11,367,859.37
(i) Classify by business continuity
1. Net profit from continuing operations (net loss listed
13,380,647.34 11,367,859.37
with “-”)
2. Net profit from termination of operations (net loss
listed with “-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent company 5,147,648.23 5,297,826.42
2.Minority shareholders’ gains and losses 8,232,999.11 6,070,032.95
VI. Net after-tax of other comprehensive income -344,376.37 -1,223,856.13
Net after-tax of other comprehensive income attributable to
-369,715.25 -751,052.75
owners of parent company
(i) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that
re-measured
2.Other comprehensive income under equity
method that cannot be transfer to gain/loss
3.Change of fair value of investment in other
equity instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be
-369,715.25 -751,052.75
reclassified subsequently to profit or loss
1.Other comprehensive income under equity
method that can transfer to gain/loss
2.Change of fair value of other debt investment
3.Amount of financial assets re-classify to other
comprehensive income
4.Credit impairment provision for other debt
investment
13
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
5.Cash flow hedging reserve
6.Translation differences arising on translation of
-369,715.25 -751,052.75
foreign currency financial statements
7.Other
Net after-tax of other comprehensive income attributable to
25,338.88 -472,803.38
minority shareholders
VII. Total comprehensive income 13,036,270.97 10,144,003.24
Total comprehensive income attributable to owners of
4,777,932.98 4,546,773.67
parent Company
Total comprehensive income attributable to minority
8,258,337.99 5,597,229.57
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0050 0.0051
(ii) Diluted earnings per share 0.0050 0.0051
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuan
before combination, and realized 0.00 Yuan at last period for combined party.
Legal Representative: Wu Dinggang
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
3. Consolidated Cash Flow Statement
Unit: RMB/CNY
Item Current period Last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing
3,914,069,915.96 3,373,434,107.23
labor 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
Cash received from interest, commission charge and
14
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase of
securities
Write-back of tax received 137,758,875.67 143,775,589.37
Other cash received concerning operating activities 39,337,433.81 20,772,768.09
Subtotal of cash inflow arising from operating activities 4,091,166,225.44 3,537,982,464.69
Cash paid for purchasing commodities and receiving labor
4,337,604,502.71 3,693,784,072.40
service
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Net increase of capital lent
Cash paid for interest, commission charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 448,108,157.26 460,407,255.70
Taxes paid 132,796,426.52 81,424,772.89
Other cash paid concerning operating activities 237,160,586.02 270,888,821.50
Subtotal of cash outflow arising from operating activities 5,155,669,672.51 4,506,504,922.49
Net cash flows arising from operating activities -1,064,503,447.07 -968,522,457.80
II. Cash flows arising from investing activities:
Cash received from recovering investment 1,539,824.00
Cash received from investment income 11,003,504.00
Net cash received from disposal of fixed, intangible and
8,304,653.60 226,967.80
other long-term assets
Net cash received from disposal of subsidiaries and other
units
Other cash received concerning investing activities 52,685,195.90 65,932,678.99
Subtotal of cash inflow from investing activities 73,533,177.50 66,159,646.79
Cash paid for purchasing fixed, intangible and other
71,711,824.73 86,274,381.23
long-term assets
Cash paid for investment 220,000,000.00 1,000,000,000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units
obtained
15
CHANGHONG MEILING CO., LTD. THE FIRST QUARTERLY REPORT FOR 2022
Other cash paid concerning investing activities 700.67 24,740.79
Subtotal of cash outflow from investing activities 291,712,525.40 1,086,299,122.02
Net cash flows arising from investing activities -218,179,347.90 -1,020,139,475.23
III. Cash flows arising from financing activities
Cash received from absorbing investment 15,000,000.00
Including: Cash received from absorbing minority
15,000,000.00
shareholders’ investment by subsidiaries
Cash received from loans 225,000,000.00 647,079,820.49
Other cash received concerning financing activities 4,466,696.88 3,982,026.24
Subtotal of cash inflow from financing activities 229,466,696.88 666,061,846.73
Cash paid for settling debts 175,000,000.00 904,900,000.00
Cash paid for dividend and profit distributing or interest
10,261,148.45 19,467,766.75
paying
Including: Dividend and profit of minority shareholder
paid by subsidiaries
Other cash paid concerning financing activities 4,144,046.56 6,339,329.84
Subtotal of cash outflow from financing activities 189,405,195.01 930,707,096.59
Net cash flows arising from financing activities 40,061,501.87 -264,645,249.86
IV. Influence on cash and cash equivalents due to fluctuation in
398,221.49 -3,538,183.05
exchange rate
V. Net increase of cash and cash equivalents -1,242,223,071.61 -2,256,845,365.94
Add: Balance of cash and cash equivalents at the
5,840,194,931.57 6,425,529,815.10
period-begin
VI. Balance of cash and cash equivalents at the period-end 4,597,971,859.96 4,168,684,449.16
(ii) Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company has not been audited.
Board of Directors of
Changhong Meiling Co., Ltd.
April 20, 2022
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