Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Anhui Zhongding Sealing Parts Co.,Ltd.
Report of Q1 2024
Stock Abbreviation: Zhongding Stock
Stock code: 000887
April 2024
1
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
The Company and all members of the Board of Directors have guaranteed that the
information disclosed is true, accurate and complete, and contains no false record,
misleading statements or material omissions.
Important Notice：
1. Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior
management staff of Anhui Zhongding Sealing Parts Co., Ltd. (hereinafter referred to as the “Company”)
have guaranteed that this Report contains no false record, misleading statement or material omission and
shall be jointly and severally liable for the factuality, accuracy and completeness of the information given in
this Report.
2. CEO of the Company, CFO of the Company, and Chief Accountant of Accounting Institution declared that
the quarterly financial statements should be true, accurate and complete.
In case of any discrepancy, the Chinese version of the report shall prevail.
3. Whether the first quarter report was audited
□ Yes √ No
2
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
1. The Main Financial Data
(1) Main accounting data and financial indicators
Whether the company needs to retrospectively adjust or restate accounting data for previous years
Yes No
Unit: yuan
2024 Q1 2023 Q1 YoY Change
Operating Revenues 4,692,198,237.48 3,859,400,993.20 21.58%
Net profit attributable to
shareholders of the
360,935,095.41 262,384,653.95 37.56%
Company
Net profit attributable to
shareholders of the
Company before non- 302,014,681.35 214,991,122.97 40.48%
recurring gains and losses
Net cash flows from
operating activities 322,482,469.62 238,881,856.59 35.00%
Basic earnings per share
(RMB Yuan
0.27 0.20 35.00%
/share)
Diluted earnings per
share (RMB Yuan
0.27 0.20 35.00%
/share)
Weighted average return
on net assets 2.96% 2.32% 0.64%
31st March 2024 31 s t December 2023 YoY Change
Total Assets 23,133,638,313.50 22,844,191,495.69 1.27%
Net assets attributable to
shareholders of the 12,357,907,971.91 12,064,199,955.89 2.43%
Company
(2) Non-recurring gain and loss items and amounts thereof
Applicable □N/A Item
Unit:yuan
Item 2024 Q1 Note
Profit or loss from disposal of non-current
assets (including the write-off of the -186,375.99
provision for impairment of assets)
Government grants included in the current 43,581,732.07
3
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
profit or loss (that is closely related to the
operations of the Company, except for those
of fixed quotas or amounts according to the
nationally unified standards)
Gains or losses from changes in fair value
arising from the holding of trading financial
assets, derivative financial assets, trading
financial liabilities and derivative financial
liabilities and investment income from the
disposal of trading financial assets, derivative 20,559,637.36
financial assets, trading financial liabilities,
derivative financial liabilities and other debt
investments, excluding the effective hedging
business related to the Company’s normal
business operations
Other non-operating income or expenses 6,574,470.85
except the above items
Less: Impact of income taxes 11,532,087.36
Impact of minority interests (after tax) 76,962.87
Total 58,920,414.06
Details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ N/A
Not Applicable to the Company.
For non-recurring profit or loss items defined by the Company according to the definitions under the
Interpretative Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1
— Non-recurring Profit or Loss and the non-recurring profit or loss items listed in the Interpretative
Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1 — Non-
recurring Profit or Loss that have been defined as recurring profit or loss items by the Company, please provide
the reasons
□ Applicable √ N/A
Not Applicable to the Company.
(3) Major Changes of Main Items in Financial Statements and Financial Indicators within
the Report Period, as well as the Reasons for the Changes
Applicable □ N/A
The reasons for the Changes
Unit:yuan
31 March 31 December Fluctuant Amount、Flux
2024/From 2023/From
Item Fluctuant Notes
January to March January to March Flux Notes
of 2024 of 2023 Amount
4
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Mainly due to
the increase
of sales
growth in
252,50
Prepaid the current
252,500,762.35 163,601,224.40 88,899,537.95 54.34% 0,762.3
expense period a nd
5
the risk of
locked in
mate ria l
price
Mainly due to
Other non- addition of
389,75 other non-
current
389,751,568.80 265,069,840.78 124,681,728.02 47.04% 1,568.8 current
financial 0 financial assets
assets during the
period
Mainly due to
Other -
changes in
235,92
comprehens -235,925,085.29 -168,698,005.90 -67,227,079.39 39.85%
5,085.2
exchange rates
ive income during the
9
period
Mainly due to
the increase in
Financial 69,363, interest rates
69,363,522.03 44,467,888.29 24,895,633.74 55.99%
income 522.03 on euro loans
during the
period
Gains/(Loss Mainly due to
- changes in the
es) on
-1,963,480.75 2,938,054.78 -4,901,535.53 -166.83% 1,963,4 fair value of
changes in 80.75 trading
fair value financial assets
Mainly due to
the amount of
inventory
Asset - change in the
impairment -20,973,958.35 -8,374,105.27 -12,599,853.08 150.46% 20,973, current period
losses 958.35 is greater than
that in the
same period
last year
Mainly due to
Non- the increase in
7,398,5
operating 7,398,599.67 3,418,364.51 3,980,235.16 116.44%
99.67
non-operating
income income during
the period
Mainly due to
the increase of
profit and
Income tax 71,336,
71,336,165.09 53,690,901.45 17,645,263.64 32.86% deferred
expenses 165.09
income tax
expense during
this period
Mainly due to
Refund of 17,103,
17,103,377.76 8,697,755.86 8,405,621.90 96.64% the increase of
taxes and 377.76
refund of taxes
5
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
surcharges and surcharges
Cash
received Mainly due to
the decrease of
from - 500,000.00 -500,000.00 -100.00% -
investment
returns on income
investments
Net cash
received
from Mainly due to
disposal of the decrease of
334,66
fixed assets, 334,661.18 15,887,847.40 -15,553,186.22 -97.89%
1.18
proceeds from
intangible the sale of
assets and assets
other long-
term assets
Net cash
received Mainly due to
from receipt of the
disposal of 10,729, balance
10,729,282.63 - 10,729,282.63
subsidiaries 282.63 payment for
and other disposal of
business subsidiaries
units
Mainly due to
Cash paid the increase of
124,80
Increased
to acquire 124,800,000.00 40,000,000.00 84,800,000.00 212.00% 0,000.0
payments for
investments 0
foreign
investment
Net cash
paid to Mainly due to
acquire the decrease of
subsidiaries - 32,341,140.57 -32,341,140.57 -100.00% - the previous
and other investment
business payment
units
Cash paid Mainly due to
relating to the decrease in
1,162,7
the payment of
other 1,162,721,704.83 1,996,322,345.89 -833,600,641.06 -41.76% 21,704.
financial
investing 83
investment
activities funds
Mainly due to
the increase in
Cash investment
received funds received
22,565,
from capital 22,565,000.00 1,300,000.00 21,265,000.00 1635.77%
000.00
from minority
contribution shareholders
s of subsidiaries
during the
period
6
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Mainly due to
Cash the increase of
received company's
relating to 24,035, withdrawal of
24,035,219.33 - 24,035,219.33
other 219.33 acceptance
financing deposits
activities during the
period
Cash Mainly due to
payments the increase in
for interest interest paid
expenses by the
56,671, company on
and 56,671,158.27 29,923,707.61 26,747,450.66 89.39%
158.27 bank loans
distribution during the
of period
dividends
or profits
Mainly due to
Cash the decrease of
payments bank
acceptance
relating to 9,653,7
9,653,754.87 40,528,759.77 -30,875,004.90 -76.18% deposit paid
other 54.87
by the
financing company in
activities the current
period
2. Shareholders and Shares
(1) Total number of common shareholders and number of preferred shareholders whose
voting rights were restored, shareholdings of the top ten common shareholders at the
period-end
unit：share
Total number of common Total number of preferred shareholders
shareholders at the end of the 80,245 with resumed voting rights at the end of the 0
Reporting Period Reporting Period (if any)
Top 10 common shareholders
Number Pledged or frozen shares
Total shares of
Name of Nature of Shareholding
held at the restricted
shareholders shareholders percentage Status Number
period-end shares
held
Anhui Domestic
Zhongding
non- state-
Holding 40.46% 532,701,321.00 pledged 142,500,000.00
(Group) Co., owned
LTD corporation
Hong Kong
Securities Foreign 3.43% 45,121,321.00
Clearing Co., corporation
Ltd. (HKSCC)
National Social
Security Fund Others 1.74% 22,931,603.00
102 portfolio
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Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Ping An Bank
Co., Ltd.Boshi
Growth Pilot
flexible
allocation of Others 0.87% 11,440,863.00
hybrid
securities
investment
funds
Domestic
Miaosu 0.75% 9,813,102.00
natural person
Agricultural
Bank of China
Limited - China
Securities 500
exchange- 0.72% 9,445,729.00
traded Index
Securities
Investment
Fund
China Life
Insurance Co
Ltd.－
Tradtional－
Others 0.71% 9,291,881.00
General
insurance
product-005L-
CT001Hu
Shanghai
Pudong
Development
Bank Co.,Ltd.- Others 0.69% 9,118,072.00
E Fund
Management
Co., Ltd.
China
Construction
Bank-
Lombarda Others 0.69% 9,019,144.00
China Fund
Management
Co.,ltd.
Domestic
Zhao Xiyi 0.43% 5,720,666.00
natural person
Top 10 non-restricted common shareholders
Number of non-restricted shares held Type of shares
Name of shareholder Type of Number
shares
RMB
Anhui Zhongding Holding
(Group) Co., LTD
532,701,321.00 common 532,701,321.00
stock
RMB
Hong Kong Securities
Clearing Co., Ltd. (HKSCC)
45,121,321.00 common
stock
RMB
National Social Security Fund 102
22,931,603.00 common
portfolio
stock
8
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Ping An Bank Co., Ltd.Boshi RMB
Growth Pilot flexible allocation of 11,440,863.00 common
hybrid securities investment funds stock
RMB
Miaosu 9,813,102.00 common 10,776,881.00
stock
Agricultural Bank of China
RMB
Limited - China Securities 500
9,445,729.00 common 10,671,828.00
exchange-traded Index Securities
stock
Investment Fund
China Life Insurance Co Ltd.－ RMB
Tradtional－General insurance 9,291,881.00 common 10,546,102.00
product-005L-CT001Hu stock
Shanghai Pudong Development RMB
Bank Co.,Ltd.-E Fund 9,118,072.00 common 8,690,892.00
Management Co., Ltd. stock
China Construction Bank- RMB
Lombarda China Fund 9,019,144.00 common 8,563,198.00
Management Co.,ltd. stock
RMB
Zhao Xiyi 5,720,666.00 common 8,333,050.00
stock
The company does not know whether there is an associated relationship
between the shareholders, and whether it is a person acting in concert
Related or acting-in-concert parties among
stipulated in the Administrative Measures for the Disclosure of
shareholders above
Information on Changes in Shareholdings of Shareholders of Listed
Companies.
As of March 31st , 2024, Miaosu, one of the top 10 shareholders of the
Notes on the existence of company, held 9807,441 shares of the company through the customer
repurchase specialized accounts among the credit transaction guarantee securities account of Huaxi Securities Co.,
top 10 shareholders (if any) Ltd.
The lending of shares by shareholders holding more than 5% of shares, top 10 shareholders and top 10
shareholders with non-restricted sharesthe in the securities financing business
Applicable N/A
Unit：share
The lending of shares by shareholders holding more than 5% of shares, top 10 shareholders and top
10 shareholders with non-restricted sharesthe in the securities financing business
Number of lending
Number of shares held in Number of shares held in Number of lending shares
shares of the securities
ordinary accounts and ordinary accounts and of the securities financing
financing and not be
credit accounts at the credit accounts at the end and not be returned yet at
returned yet at the
Name of beginning of the period of the period the end period
beginning period
shareholders
(Full name) The The The The
proportion proportion proportion proportion
Total Total Total Total
of the total of the total of the total of the total
quantity quantity quantity quantity
share share share share
capital capital capital capital
Agricultural 4,058,029.0 9,445,729.0
0.31% 15,990,00 0.12% 0.72% 799,500 0.06%
Bank of 0 0
9
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
China
Limited -
China
Securities
500
exchange-
traded Index
Securities
Investment
Fund
Changes in the top 10 shareholders and the top 10 shareholders without selling restriction due to
securitieslending/returning transactions of refinancing business compared to the previous period
Applicable N/A
Changes in the top 10 shp 10 shareholders without selling restriction due to securitieslending/returning
transactions of refinancing business compared to the previous period
Number of shares lent through
Number of shares held by
refinancing business and not yet
shareholders in ordinary and credit
New / returned at the end of the Period
accounts, and lent through
Name of withdrawn Number of shares held by
refinancing business and not yet
shareholders(Full shareholdings shareholders in ordinary and credit
returned at the end of the Period
name) during the accounts, and lent through
Period The proportion of The proportion of
Total quantity the total share Total quantity the total share
capital capital
Agricultural Bank
of China Limited -
China Securities
500 exchange- New 799,500 0.06% 10,245,229 0.78%
traded Index
Securities
Investment Fund
(2) Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and
Their Shareholdings
□ Applicable √ N/A
3. Other Important Matters
□ Applicable √ N/A
4. Quarterly Financial Statements
(1) Financial Statements
10
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
a. Consolidated Balance Sheet
Prepared by：Anhui Zhongding Sealing Parts., Ltd.
31 March 2024
Unit：yuan
Item 31 March 2024 31 December 2023
Current assets:
Cash at bank and on hand 2,234,135,878.36 2,176,668,984.69
Deposit reservation for balance
Lending funds
Trading financial assets 487,487,584.50 497,657,186.01
Derivative financial assets 84,364.74 86,372.61
Notes receivable 326,674,700.64 409,910,067.46
Accounts receivable 3,932,431,894.45 4,179,140,505.59
Receivables financing 727,319,916.61 585,537,227.94
Prepaid expense 252,500,762.35 163,601,224.40
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 194,883,609.02 186,771,567.07
Including: interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories
Including: data resource
Contract assets 260,653,482.01 264,882,386.00
Holding assets for sale
Current portion of non-current assets 38,000,000.00 38,000,000.00
Other current assets 1,360,468,877.58 1,200,905,204.88
Total current assets 13,471,168,744.82 13,211,670,082.22
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables
Long-term equity investments 266,594,449.63 273,788,896.31
Investments in other equity 7,881,930.86 7,881,930.86
instruments
Other non-current financial assets 389,751,568.80 265,069,840.78
Investment properties
Fixed assets 4,652,806,896.76 4,677,966,647.98
Construction in progress 624,614,415.36 620,575,394.42
Productive biological asset
Oil and gas assets
Right-of-use assets 258,562,978.67 279,287,931.54
Intangible assets 660,669,492.40 655,367,909.83
Including: data resource
11
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Development expenditures
Including: data resource
Goodwill 2,396,929,436.30 2,445,900,676.53
Long-term prepaid expenses 80,665,802.71 85,208,758.91
Deferred tax assets 197,516,946.35 189,412,074.26
Other non-current assets 126,475,650.84 132,061,352.05
Total non-current assets 9,662,469,568.68 9,632,521,413.47
TOTAL ASSETS 23,133,638,313.50 22,844,191,495.69
Current liabilities:
Short-term borrowings 2,687,264,378.57 2,530,009,731.17
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liability 490,318.78 501,988.32
Notes payable 567,292,711.00 535,656,585.10
Accounts payable 3,034,665,251.19 3,313,511,878.14
Unearned revenue
Contract liabilities 62,775,724.95 88,710,257.01
Financial assets sold for repurchase
Deposits from customers and
interbank
Receiving from vicariously traded
securities
Receiving from vicariously sold
securities
Payroll payable 408,308,499.09 443,281,079.88
Tax payable 241,248,966.42 192,032,124.58
Other payables 181,593,485.37 147,882,701.87
Including: Interest payable
Dividend payable 1,185.84 1,185.84
Handling fees and commissions
payable
Dividend payable for reinsurance
Holding liabilities for sale
Current portion of non-current 258,536,124.72 264,724,898.85
liabilities
Other current liabilities 5,814,223.06 6,769,420.40
Total current liabilities 7,447,989,683.15 7,523,080,665.32
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings 2,640,115,674.01 2,590,413,202.21
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 187,672,991.66 202,330,084.45
Long-term payables
Long-term payroll payable 129,022,390.77 124,399,533.31
Accrued liabilities 68,140,276.41 53,624,081.18
Deferred income 245,957,760.72 254,070,201.34
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Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 3,270,909,093.57 3,224,837,102.49
Total liabilities 10,718,898,776.72 10,747,917,767.81
Shareholders’ equity
Share capital 1,316,489,747.00 1,316,489,747.00
Other equity instruments
Including: Preferred stock
Perpetual bond
Capital surplus 3,392,534,899.55 3,392,534,899.55
Less: Treasury stock
Other comprehensive income -235,925,085.29 -168,698,005.90
Special reserve 2,060,420.12 2,060,420.12
Surplus reserve 669,753,166.88 669,753,166.88
General risk reserve
Undistributed profits 7,212,994,823.65 6,852,059,728.24
Total equity attributable to shareholders 12,357,907,971.91 12,064,199,955.89
of the Company
Minority interests 56,831,564.87 32,073,771.99
Total shareholders’ equity 12,414,739,536.78 12,096,273,727.88
TOTAL LIABILITIES AND 23,133,638,313.50 22,844,191,495.69
SHAREHOLDERS’ EQUITY
Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian
b. Consolidated Income Statements for the Three Months Ended 31March 2023
Unit：yuan
Item Q1 of 2024 Q1 of 2023
Total revenue 4,692,198,237.48 3,859,400,993.20
Including: Operating revenue 4,692,198,237.48 3,859,400,993.20
Interest income
Earned Premium
Handling fees and
commission income
Total revenue 4,317,593,564.22 3,600,800,012.88
Including: Operating revenue 3,640,255,554.78 3,056,477,627.02
Interest income
Handling fees and
commission expenses
Surrender value
Net payments for
insurance claims
Net provision for
insurance liability
Bond insurance
expense
Amortized
Reinsurance
Expenditures
Taxes and surcharges 31,887,051.91 24,452,249.57
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Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Selling and distribution 117,084,377.09 96,255,174.41
expenses
General and
administrative 243,993,726.30 200,838,363.61
expenses
Research and 215,009,332.11 178,308,709.98
development expenses
Financial income 69,363,522.03 44,467,888.29
Including: Interest 57,639,712.41 43,157,332.21
expenses
Interest income 3,665,976.25 8,978,130.23
Add: Other income 43,581,732.06 14,287,696.34
Investment income/(loss) 22,523,118.12 36,765,494.65
Including: Investment
income from associates -4,598,895.66 1,635,131.69
and joint ventures
Including: Profits
or losses arising from
derecognition of financial
assets measured at amortized
costs
Foreign exchange
gains/(losses)
Net exposure to hedging
gains/(losses)
Gains/(Losses) on -1,963,480.75 2,938,054.78
changes in fair value
Credit impairment losses 5,959,144.22 6,542,389.34
Asset impairment losses -20,973,958.35 -8,374,105.27
Losses on disposal of -186,376.00 396,447.06
assets
Operating profit 423,544,852.56 311,156,957.22
Add: Non-operating income 7,398,599.67 3,418,364.51
Less: Non-operating expenses 824,128.91 957,189.83
Total profit 430,119,323.32 313,618,131.90
Less: Income tax expenses 71,336,165.09 53,690,901.45
Net Profit 358,783,158.23 259,927,230.45
(1) Classified by continuity of
operations
Net profit from continuing 358,783,158.23 259,927,230.45
operations
Net profit from discontinued
operations
(2) Classified by ownership of
the equity
Attributable to shareholders of 360,935,095.41 262,384,653.95
the Company
Minority interests -2,151,937.18 -2,457,423.50
Other comprehensive income, net -67,227,079.40 2,894,365.54
of tax
Other comprehensive
income attributable to -67,227,079.40 2,894,365.54
equity owners of the
Company, net of tax
(1) Other comprehensive 2,163,320.84 -1,110,917.35
14
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
income items which will not be
reclassified subsequently to
profit or loss
1) Changes arising from
remeasurement of 2,163,320.84 -1,110,917.35
defined benefit
plan
2) Other
comprehensive income that
cannot be transferred to profit or
loss under the equity method
3) Changes in
fair value of investments in
other equity instruments
4) Changes in fair value
of an enterprise's own
credit risk
5) Others
(2) Other comprehensive
income items which will be -69,390,400.24 4,005,282.89
reclassified subsequently to
profit or loss
1) Other
comprehensive income available
for transfer to profit or loss under
the equity method
2) Changes in fair value
of other debt
investments
3) Reclassification of
financial assets to other
comprehensive income
4) Provision for credit
impairment of other
debt investments
5) Cash flow hedge
reserve
6) Exchange differences
on translating foreign -69,390,400.24 4,005,282.89
operations
7) Others
Other comprehensive income
attributable to minority
shareholders, net of tax
Total comprehensive income 291,556,078.83 262,821,595.99
Attributable to equity owners 293,708,016.01 265,279,019.49
of the Company
Attributable to minority -2,151,937.18 -2,457,423.50
interests
Earnings per share:
(1) Basic earnings per share 0.27 0.20
(2) Diluted earnings per share 0.27 0.20
In the case of a business combination under the same control in the current period, the net income realized by the party being
consolidated before the combination was: RMB , and the net income realized by the party being consolidated in the previous
15
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
period was: RMB.
Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian
c. Consolidated Cash Flow Statements
Unit：yuan
Item Q1 of 2024 Q1 of 2023
1. Cash flows from operating
activities
Cash received from sales of 4,018,440,517.56 3,606,015,691.53
goods or rendering of services
Net increase in customer
deposits and deposits from banks
and other financial institutions
Net decrease in deposits with the
Central Bank
Net decrease in deposits with
other financial institutions
Cash received from premiums
of original insurance contracts
Net cash received from
reinsurance operations
Net increase in policyholders'
savings and investment funds
Cash received from interest,
fee and commission
Net increase in borrowed
funds
Net increase in funds for
repurchase operations
Net cash received from
agency purchases and sales of
securities
Refund of taxes and 17,103,377.76 8,697,755.86
surcharges
Cash received relating to other 58,768,126.48 45,388,647.01
operating activities
Sub-total of cash inflows 4,094,312,021.80 3,660,102,094.40
Cash paid for goods and 2,216,727,168.55 2,086,765,192.24
services
Net increase in loans and
advances to customers
Deposits from banks and other
financial institutions
Cash payment of benefits
from the original insurance
contract
Net increase in funds removed
Cash paid for interest, fee and
commission
Cash paid as policy dividends
Cash paid to and on behalf of 1,142,637,229.70 955,939,456.39
employees
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Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Payments of taxes and 222,215,286.80 211,944,307.24
surcharges
Cash paid relating to other 190,249,867.13 166,571,281.94
operating activities
Sub-total of cash outflows 3,771,829,552.18 3,421,220,237.81
Net cash flows from operating 322,482,469.62 238,881,856.59
activities
2. Cash flows from investing
activities
Cash received from disposal
of investments
Cash received from returns on 500,000.00
investments
Net cash received from
disposal of fixed assets, 334,661.18 15,887,847.40
intangible assets and other long-
term assets
Net cash received from disposal of
subsidiaries and other business 10,729,282.63
units
Cash received relating to other 1,093,760,159.84 1,641,393,607.89
investing activities
Sub-total of cash inflows 1,104,824,103.65 1,657,781,455.29
Cash paid to acquire fixed
assets, intangible assets and 200,971,024.58 199,818,909.75
other long- term assets
Cash paid to acquire 124,800,000.00 40,000,000.00
investments
Net increase in pledged loans
Net cash paid to acquire
subsidiaries and other business 32,341,140.57
units
Cash paid relating to other 1,162,721,704.83 1,996,322,345.89
investing activities
Sub-total of cash outflows 1,488,492,729.41 2,268,482,396.21
Net cash flows from investing -383,668,625.76 -610,700,940.92
activities
3. Cash flows from financing
activities
Cash received from capital 22,565,000.00 1,300,000.00
contributions
Including: Cash received
from capital contributions by 22,565,000.00 1,300,000.00
minority shareholders of
subsidiaries
Cash received from 1,264,990,923.54 1,397,489,746.05
borrowings
Cash received relating to other
24,035,219.33
financing activities
Sub-total of cash inflows 1,311,591,142.87 1,398,789,746.05
Cash repayments of 1,022,403,489.86 1,265,650,333.85
borrowings
Cash payments for interest
expenses and distribution of 56,671,158.27 29,923,707.61
dividends or profits
17
Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q1 2024
Including: Cash payments for
dividends or profit to minority
shareholders of subsidiaries
Cash payments relating to 9,653,754.87 40,528,759.77
other financing activities
Sub-total of cash outflows 1,088,728,403.00 1,336,102,801.23
Net cash flows from financing 222,862,739.87 62,686,944.82
activities
4. Effect of foreign exchange rate
changes on cash and cash -9,575,466.50 6,230,901.84
equivalents
5. Net increase in cash and cash 152,101,117.23 -302,901,237.67
equivalents
Add: Cash and cash
equivalents at the beginning of 1,774,186,205.78 1,867,819,580.09
the period
6. Cash and cash equivalents at the 1,926,287,323.01 1,564,918,342.42
end of the period
(2) Adjustments to financial statements at the beginning of the year of first implementation
of new accounting standards for the first time starting in 2024
□ Applicable √ N/A
(3) Auditing Report
Whether the first quarterly report was audited
□ Yes √ No
The first quarterly report was not audited.
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