Securities Code:002001 Securities Abbr:NHU
Zhejiang NHU Company Ltd.
Q3 2022 Report
The Company and whole members of the BOD guarantee that the information disclosed is authentic,
accurate, complete and free from any false records, misleading statements or significant omissions.
Important Content Reminder:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior executives of
Zhejiang NHU Company Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the
information presented in this report is authentic, accurate, complete and free of any false records,
misleading statements or material omissions, and they will bear joint and several liabilities for such
information.
2. The Company’s legal representative, the person in charge of finance and accounting work, and the
person in charge of accounting institution (Accounting Officer) hereby declare and warrant that the
financial statements in this report are authentic, accurate and complete.
3. Whether the Third Quarterly Report has been audited or not
□ Yes √ No
Note:
This Report has been prepared in both Chinese and English version, and the English version is for
reference only. Should there be any discrepancies or misunderstandings between the two versions,
the Chinese versions shall prevail. The complete published Chinese Third Quarterly Report may be
obtained at www.cninfo.com.cn.
1
Securities Code:002001 Securities Abbr:NHU
Section Ⅰ Key Accounting Data
Ⅰ Key Accounting Data and Financial Indicators
Whether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not
√ Yes □ No
Retroactive adjustment or restatement of reasons
Accounting policy changes and other reasons
YoY YoY
Q3 2021 Q1-Q3 2021
Change(%) Change(%)
Items Q3 2022 After Q1-Q3 2022 After
Before After Before After
Adjustment Adjustment
Adjustment Adjustment Adjustment Adjustment
[Note2] [Note2]
3,694,978, 3,262,074,9 3,273,918,3 11,910,018, 10,516,296, 10,614,042,69
Operating revenue (yuan) 12.86% 12.21%
856.40 36.89 82.43 133.43 574.90 2.54
Net profit attributable to
797,168,41 957,591,164 965,016,497 3,011,045,8 3,366,090,2 3,391,995,645
shareholders of listed -17.39% -11.23%
company (yuan) 9.00 .57 .48 38.25 98.07 .90
Net profit attributable to
shareholders of listed 833,476,72 922,007,774 929,479,753 2,927,532,6 3,201,462,4 3,227,398,347
-10.33% -9.29%
company after deducting non- 2.26 .31 .83 71.88 29.94 .79
recurring profit or loss (yuan)
Net cash flows from 2,527,486,3 3,830,824,4 3,856,729,838
- - - - -34.47%
operating activities (yuan) 64.07 90.52 .35
Basic EPS (yuan/share) 0.26 0.37[Note1] 0.31 -16.13% 0.98 1.31[Note1] 1.10 -10.91%
Diluted EPS (yuan/share) 0.26 0.37[Note1] 0.31 -16.13% 0.98 1.31[Note1] 1.10 -10.91%
Decrease Decrease
1.84 4.16
Weighted average ROE 2.95% 4.53% 4.79% 12.50% 16.55% 16.66%
percentage percentage
points points
December 31, 2021 Change(%)
Items September 30, 2022
Before Adjustment After Adjustment After Adjustment
Total assets (yuan) 38,245,908,900.33 34,692,165,111.88 34,724,025,476.79 10.14%
Net assets attributable to
shareholders of listed 22,982,303,553.60 21,799,977,645.94 21,831,838,010.85 5.27%
company (yuan)
[Note1] After the implementation of the Company’s 2021 profit distribution plan, its share capital was increased from 2,578,394,760
shares to 3,090,907,356 shares. The above EPS of the comparative period was recalculated based on the adjusted share capital.
[Note2] The company has implemented The Interpretation of Accounting Standards for Business Enterprises No. 15 since January 1,
2022. The interpretation requires that if the company sells the products or by-products produced before the fixed assets reach the
expected serviceable state or during the research and development process, the income and cost related to the trial operation sales shall
be accounted for separately and included in the current profit and loss, The net amount of the revenue from trial operation sales after
offsetting the relevant costs shall not be used to offset the cost of fixed assets or R&D expenses. The company makes retroactive
adjustment according to requirements.
2
Securities Code:002001 Securities Abbr:NHU
II Non-recurring gains and losses for this period
√ Applicable □ Not applicable
Unit: RMB
Item Q3 2022 Q1-Q3 2022
Gains or losses on disposal of non-current assets,
-5,447,443.35 1,227,407.46
including write-off of provision for impairment
Government grants included in profit or loss
(excluding those closely related to operating activities
of the Company, satisfying government policies and 43,647,316.95 129,169,496.49
regulations, and continuously enjoyed with certain
quantity or quota based on certain standards)
Gains or losses on assets consigned to the third party
for investment or management 6,301,416.49 35,143,068.10
Gains or losses on changes in fair value of held-for-
trading financial assets and held-for-trading financial
liabilities, and investment income from disposal of
-80,247,557.93 -71,175,659.01
held-for-trading financial assets and held-for-trading
financial liabilities, excluding those arising from
hedging business related to operating activities
Other non-operating revenue or expenditures 2,266,524.91 3,064,330.15
Less: Enterprise income tax affected 2,810,884.07 13,857,733.23
Non-controlling interest affected (after tax) 17,676.26 57,743.59
Total -36,308,303.26 83,513,166.37
Remarks on other profit or loss satisfying the definition of non-recurring profit or loss:
□ Applicable √ Not Applicable
The Company has no other profit or loss satisfying the definition of non-recurring profit or loss.
Remarks on defining non-recurring profit or loss listed in the “Interpretation Pronouncement on Information Disclosure Criteria for
Public Companies No. 1 – Non-Recurring Profit or Loss” as recurring profit or loss.
□ Applicable √ Not Applicable
The Company has no situation of defining non-recurring profit or loss listed in the “Interpretation Pronouncement on Information
Disclosure Criteria for Public Companies No. 1 – Non-Recurring Profit or Loss” as recurring profit or loss
III Major Changes of Main Items in Financial Statements and Financial Indicators within the Reporting
Period, as well as the Reasons for the Changes
√ Applicable □Not applicable
1.Balance Sheet Position
(1) The closing balance of held-for-trading financial assets decreased by 68.02% compared to the opening balance in this year. It was
mainly due to the maturity of idle funds raised during the reporting period of financial products.
(2) The closing balance of receivables financing increased by 77.00% compared to the opening balance in this year. It was mainly due
to the increase in bank acceptance bills received during the reporting period
(3) The closing balance of advances paid increased by 162.64% compared to the opening balance in this year. It was mainly due to the
increase in raw material purchases during the reporting period
(4) The closing balance of other current assets decreased by 92.66% compared to the opening balance in this year. It was mainly due
to the the maturity redemption of financial products of idle funds raised during the reporting period.
3
Securities Code:002001 Securities Abbr:NHU
(5) The closing balance of other non-current assets increased by 51.74% compared to the opening balance in this year. It was mainly
due to the increase of prepayment in equipment during the reporting period.
(6) The closing balance of short-term borrowings increased by 66.47% compared to the opening balance in this year. It was mainly due
to the increase in bank borrowings for operating business during the reporting period
(7) The closing balance of other payables increased by 134.98% compared to the opening balance in this year. It was mainly due to the
subsidiary owed shareholders during the reporting period.
(8) The closing balance of deferred tax liabilities increased by 41.59% compared to the opening balance in this year. It was mainly
caused by the one-time deduction of the taxable income amount from the newly added fixed assets and the calculation and withdrawal
of deferred income tax liabilities during the reporting period.
(9) The closing balance of treasury shares increased by 56.09% compared to the opening balance in this year. It was mainly due to the
repurchase of part of companies’ social public shares.
(10) The closing balance of other comprehensive incomes increased by 5,815.88% compared to the opening balance in this year. It was
mainly due to the difference of translating foreign currency financial statement.
2. Income Statement Position
(1) Operating cost in the current Q1-Q3 period increased by 30.57% compared to the same period of last year. It was mainly due to the
increase in the price of raw materials and product sales resulting in higher costs in the current Q1-Q3 period.
(2) Financial expenses in the current Q1-Q3 period decreased by 87.64% compared to the same period of last year. It was mainly due
to exchange gains arising from exchange rate fluctuations in the current Q1-Q3 period.
(3) Investment income in the current Q1-Q3 period increased by 34.11% compared to the same period of last year. It was mainly due
to the increase in income from investment in associates in the current Q1-Q3 period.
(4) Gains on changes in fair value in the current Q1-Q3 period decreased by 258.11% compared to the same period of last year. It was
mainly due to the change in the value of forward foreign settlement and sales products caused by the change in exchange rate in the
current Q1-Q3 period.
(5) Credit impairment loss in the current Q1-Q3 period decreased by 224.91% compared to the same period of last year. It was mainly
due to the increase in receivables collection resulting in the reduction of bad debts in the current Q1-Q3 period.
(6) Gains on asset disposal in the current Q1-Q3 period increased by 335.16% compared to the same period of last year. It was mainly
due to the gains on disposal of non-current assets in the current Q1-Q3 period.
(7) Non-operating revenues in the current Q1-Q3 period decreased by 57.41% compared to the same period of last year. It was mainly
due to changes in compensation received in the current Q1-Q3 period.
3. Cash Flow Statement Position
(1) Net cash flows from operating activities in the current Q1-Q3 period decreased by 34.47% compared to the same period of last year.
It was mainly due to the increase of raw material purchase during the reporting period in the current Q1-Q3 period.
(2) Net cash flows from financing activities in the current Q1-Q3 period increased by 200.46% compared to the same period of last
year. It was mainly due to the the reduction of cash expenditure for repayment of borrowings in the current Q1-Q3 period.
4
Securities Code:002001 Securities Abbr:NHU
Section Ⅰ Shareholders Information
Ⅰ Total Number of Common Shareholders and Number of Preferred Shareholders with Voting Rights
Recovered and Information about Top 10 Shareholders
Unit: share
Total number of preferred shareholders whose voting
Total number of common shareholders at the
89,376 rights have been recovered at the end of the reporting 0
end of the reporting period
period
Information about top 10 shareholders
Nature of Holding Quantity of Quantity of Shares pledged, marked or frozen
Shareholders
shareholders proportion shares restricted shares Condition Quantity
Domestic non-
NHU Holding Group Co.,
state-owned 49.07% 1,516,802,525 0
Ltd.
legal person
Hong Kong Securities
Overseas legal
Clearing Company 2.32% 71,757,705 0
person
Limited
Shanghai Chongyang
Strategic Investment Co.,
Others 1.75% 54,072,200 0
Ltd. － Chongyang
Strategic Huizhi Fund
National Social Security
Others 1.04% 32,000,000 0
Fund No.503 Portfolio
Shanghai Chongyang
Strategic Investment Co.,
Others 0.53% 16,248,559 0
Ltd. － Chongyang
Strategic Yingzhi Fund
China Construction Bank
Co., Ltd.- E Fund CSI 300
Medicine Health Trading Others 0.48% 14,701,859 0
Open Index Securities
Investment Fund
Domestic
Hu Baishan 0.47% 14,595,929 10,946,946
natural person
Domestic non-
Chongyang Group Co.,
state-owned 0.45% 13,962,191 0
Ltd.
legal person
Domestic
Hu Baifan 0.45% 13,922,998 10,442,248
natural person
Domestic non-
Sanhua Holding Group
state-owned 0.45% 13,772,970 0
Co., Ltd.
legal person
Information about top 10 shareholders without trading restrictions
Category of shares
Shareholders Quantity of non-restricted shares
Category Quantity
RMB ordinary
NHU Holding Group Co., Ltd. 1,516,802,525 1,516,802,525
shares
Hong Kong Securities Clearing Company RMB ordinary
71,757,705 71,757,705
Limited shares
Shanghai Chongyang Strategic Investment
RMB ordinary
Co., Ltd. － Chongyang Strategic Huizhi 54,072,200 shares 54,072,200
Fund
National Social Security Fund No.503 RMB ordinary
32,000,000 32,000,000
Portfolio shares
5
Securities Code:002001 Securities Abbr:NHU
Shanghai Chongyang Strategic Investment
RMB ordinary
Co., Ltd. － Chongyang Strategic Yingzhi 16,248,559 16,248,559
shares
Fund
China Construction Bank Co., Ltd.- E Fund
RMB ordinary
CSI 300 Medicine Health Trading Open 14,701,859 shares 14,701,859
Index Securities Investment Fund
RMB ordinary
Chongyang Group Co., Ltd. 13,962,191 13,962,191
shares
RMB ordinary
Sanhua Holding Group Co., Ltd. 13,772,970 13,772,970
shares
RMB ordinary
Kuwait Investment Authority 13,759,402 13,759,402
shares
Agricultural Bank of China Co., Ltd. -
RMB ordinary
Franklin Guohai Deepening Value Hybrid 13,187,519 13,187,519
shares
Securities Investment Fund
Among the above shareholders, Hu Baifan is the chairman of the board, general
manager and actural controller of NHU Holding Group Co., Ltd.; Hu Baishan is the
Explanation on associated relationship or director of NHU Holding Group Co., Ltd., and Hu Baifan and Hu Baishan are brothers.
concerted actions among above
The Company does not know whether other shareholders have relationships and
shareholders
whether they are persons acting in concert as defined in Administration of the
Takeover of Listed Companies Procedures.
Shanghai Chongyang Strategic Investment Co., Ltd. － Chongyang Strategic Huizhi
Fund holds 54,072,127 shares through client account of collateral securities for margin
trading of Guotai Junan Securities Co., Ltd.; Shanghai Chongyang Strategic Investment
Explanation on top 10 shareholders’
Co., Ltd. － Chongyang Strategic Yingzhi Fund holds 16,248,461 shares through
participating in securities margin trading
client account of collateral securities for margin trading of Citic Securities Co., Ltd.;
Chongyang Group Co., Ltd. holds 13,961,946 shares through client account of collateral
securities for margin trading of China Merchants Securities Co., Ltd..
Notes: Zhejiang NHU Co., Ltd. Repurchase Securities Account is among top 10 shareholders at the end of the reporting period, but do
not participate in the listing of the top 10 shareholders of the company.
II Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders
□ Applicable √Not applicable
Section III Other Significant Events
√Applicable □Not applicable
I Progress of shareholding increase by controlling shareholders
Based on the confidence in the sustainable and stable development of the company in the future and the recognition of the company's
value, and to enhance investors’ confidence, the controlling shareholder of the company, NHU Holding Group Co., Ltd plans to increase
its holdings of the company's shares in the next six months through the ways allowed by the trading system of Shenzhen Stock Exchange
(including but not limited to centralized bidding, block trading, etc.), and the amount of shares to be increased is not less than RMB
300 mn and not more than RMB 600 mn. There is no price range in this shareholding increase plan, and the shareholding increase plan
will be gradually implemented according to the fluctuation of the company's stock price and the overall trend of the capital market. For
more details, please refer to The Announcement of Controlling Shareholders’ Share Increase Plan (2022-031) published on the
company's designated information disclosure media and cninfo（ http://www.cninfo.com.cn ）on May 18, 2022. By September 30,
2022, NHU Holding Group Co., Ltd had increased its holdings by 14,518,152 shares.
6
Securities Code:002001 Securities Abbr:NHU
II Progress of Investment Project with Raised Funds
With the approval of [2017] No. 1684 document of China Securities Regulatory Commission, the company's lead underwriter, CSC
Securities Co., Ltd., privately issued 175 million common shares (A shares) to specific objects at an issue price of RMB 28.00/share,
raising a total of RMB 4,900 million. After deducting the underwriting and recommendation fees of RMB 30 million yuan (including
tax), the raised funds amounted to RMB 4,870 million, which was remitted to the raised funds supervision account of the company by
the lead underwriter, CSC Securities Co., Ltd. on December 7, 2017. In addition, after deducting lawyer fees, audit fees, capital
verification fees and other issuance expenses of RMB 4.62 million (excluding tax), and considering the deductible VAT input tax of
RMB 1.70 million of underwriting fees and recommendation fees deducted by the lead underwriter, the net amount of funds raised was
RMB 4,867.08 million. The availability of the above raised funds has been verified by Tianjian Certified Public Accountants (special
general partnership), who issued the capital verification report ([2017] No. 503).
From January 1 to September 30, 2022, the actual use of the raised funds was RMB 1,187.00 mn, and the accumulated investment of
the raised funds project was RMB 3,274.45 mn. By September 30, 2022, the balance of raised funds was RMB 2,294.79 mn (including
financial products and structured deposits, the net amount of interest on cash in bank less handling charges, gains on financial products
and structured deposits received on an accumulated basis).
7
Securities Code:002001 Securities Abbr:NHU
Section Ⅳ Quarterly Financial Statements
Ⅰ Financial statements
1. Consolidated balance sheet
Prepared by Zhejiang NHU Co., Ltd.
September 30, 2022
Unit: RMB Yuan
Items September 30, 2022 January 1, 2022
Current assets:
Cash and bank balances 7,141,557,642.42 5,952,909,626.94
Settlement funds
Loans to other banks
Held-for-trading financial assets 400,000,000.00 1,250,736,359.24
Derivative financial assets
Notes receivable 364,261,478.14 349,145,316.03
Accounts receivable 2,390,691,753.18 2,755,168,573.14
Receivables financing 323,714,583.61 182,891,179.65
Advances paid 207,408,794.52 78,969,960.60
Premiums receivable
Reinsurance accounts receivable
Reinsurance reserve receivable
Other receivables 257,240,401.67 254,497,248.13
Including: Interest receivable
Dividend receivable
Financial assets under reverse repo
Inventories 4,123,609,039.61 3,193,657,367.16
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 65,767,719.02 895,782,268.87
Total current assets 15,274,251,412.17 14,913,757,899.76
Non-current assets:
Loans and advances
Debt investments
8
Securities Code:002001 Securities Abbr:NHU
Items September 30, 2022 January 1, 2022
Other debt investments
Long-term receivables
Long-term equity investments 420,345,116.37 351,327,625.75
Other equity instrument investments 22,998,147.55 22,998,147.55
Other non-current financial assets
Investment property
Fixed assets 16,490,499,124.60 14,350,779,852.73
Construction in progress 3,456,613,151.06 2,984,835,072.82
Productive biological assets
Oil & gas assets
Right-of-use assets 2,947,987.05 3,123,637.11
Intangible assets 1,743,112,711.59 1,521,729,757.66
Development expenditures
Goodwill 4,410,005.33
Long-term prepayments 14,835,697.22 18,591,707.06
Deferred tax assets 55,555,626.65 55,805,191.95
Other non-current assets 760,339,920.74 501,076,584.40
Total non-current assets 22,971,657,488.16 19,810,267,577.03
Total assets 38,245,908,900.33 34,724,025,476.79
Current liabilities:
Short-term borrowings 2,336,172,712.77 1,403,332,827.92
Central bank loans
Loans from other banks
Held-for-trading financial liabilities 58,195,058.11
Derivative financial liabilities
Notes payable 869,349,399.24 694,124,946.73
Accounts payable 1,581,290,501.98 1,435,966,427.76
Advances received
Contract liabilities 75,487,524.38 61,135,258.36
Financial liabilities under repo
Absorbing deposit and interbank deposit
Deposit for agency security transaction
Deposit for agency security underwriting
9
Securities Code:002001 Securities Abbr:NHU
Items September 30, 2022 January 1, 2022
Employee benefits payable 288,562,337.36 370,609,333.07
Taxes and rates payable 294,653,594.26 420,743,262.69
Other payables 133,260,314.27 56,712,103.36
Including: Interest payable
Dividend payable
Handling fee and commission payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one year 2,538,748,536.10 2,029,499,509.43
Other current liabilities 6,534,145.98 5,133,310.10
Total current liabilities 8,182,254,124.45 6,477,256,979.42
Non-current liabilities:
Insurance policy reserve
Long-term borrowings 5,750,146,727.09 5,148,811,786.49
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 2,841,901.64 2,936,868.15
Long-term payables
Long-term employee benefits payable
Provisions
Deferred income 1,059,337,251.92 1,063,699,676.16
Deferred tax liabilities 192,205,910.18 135,751,304.31
Other non-current liabilities
Total non-current liabilities 7,004,531,790.83 6,351,199,635.11
Total liabilities 15,186,785,915.28 12,828,456,614.53
Equity:
Share capital 3,090,907,356.00 2,578,394,760.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 3,613,594,210.48 4,121,063,080.96
Less: Treasury shares 500,059,711.25 320,360,784.48
10
Securities Code:002001 Securities Abbr:NHU
Items September 30, 2022 January 1, 2022
Other comprehensive income 92,264,221.51 -1,614,172.31
Special reserve 26,682,819.24 12,692,218.51
Surplus reserve 1,289,197,380.00 1,289,197,380.00
General risk reserve
Undistributed profit 15,369,717,277.62 14,152,465,528.17
Total equity attributable to the parent company 22,982,303,553.60 21,831,838,010.85
Non-controlling interest 76,819,431.45 63,730,851.41
Total equity 23,059,122,985.05 21,895,568,862.26
Total liabilities & equity 38,245,908,900.33 34,724,025,476.79
Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: Wang Xiaobi
2. Consolidated income statement for Q1-Q3
Unit: RMB Yuan
Items Q1~Q3 2022 Q1~Q3 2021
I. Total operating revenue 11,910,018,133.43 10,614,042,692.54
Including: Operating revenue 11,910,018,133.43 10,614,042,692.54
Interest income
Premiums earned
Revenue from handling charges and commission
II. Total operating cost 8,534,027,513.81 6,840,700,429.91
Including: Operating cost 7,397,206,010.54 5,665,348,246.11
Interest expenses
Handling charges and commission expenditures
Surrender value
Net payment of insurance claims
Net provision of insurance policy reserve
Premium bonus expenditures
Reinsurance expenses
Taxes and surcharges 80,266,088.04 88,269,874.64
Selling expenses 88,982,628.60 88,864,094.38
Administrative expenses 344,402,783.49 291,525,770.12
R&D expenses 600,093,376.48 520,062,056.43
Financial expenses 23,076,626.66 186,630,388.23
Including: Interest expenses 236,654,223.33 246,262,466.47
11
Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2022 Q1~Q3 2021
Interest income 109,571,188.41 116,114,608.98
Add: Other income 130,273,543.85 100,525,022.26
Investment income (or less: losses) 79,284,084.27 59,117,130.85
Including: Investment income from associates
61,815,175.50 28,674,263.48
and joint ventures
Gains from derecognition of financial
assets at amortized cost
Gains on foreign exchange (or less: losses)
Gains on net exposure to hedging risk (or less:
losses)
Gains on changes in fair value (or less: losses) -53,501,499.68 33,837,177.78
Credit impairment loss (or less: losses) 30,020,718.39 -24,034,277.06
Assets impairment loss (or less: losses) -12,151,215.72 -10,877,539.41
Gains on asset disposal (or less: losses) 1,227,407.46 282,056.79
III. Operating profit (or less: losses) 3,551,143,658.19 3,932,191,833.84
Add: Non-operating revenue 4,711,191.13 11,062,337.09
Less: Non-operating expenditures 2,750,908.34 3,786,996.91
IV. Profit before tax (or less: total loss) 3,553,103,940.98 3,939,467,174.02
Less: Income tax 529,208,314.51 533,069,053.25
V. Net profit (or less: net loss) 3,023,895,626.47 3,406,398,120.77
(I) Categorized by the continuity of operations
1. Net profit from continuing operations (or less: net
3,023,895,626.47 3,406,398,120.77
loss)
2. Net profit from discontinued operations (or less: net
loss)
(II) Categorized by the portion of equity ownership
1. Net profit attributable to owners of parent company 3,011,045,838.25 3,391,995,645.90
2.Net profit attributable to non-controlling
12,849,788.22 14,402,474.87
shareholders
VI. Other comprehensive income after tax 94,117,185.64 -14,782,885.55
Items attributable to the owners of the parent company 93,878,393.82 -10,157,427.46
(I) Not to be reclassified subsequently to profit or loss
1. Changes in remeasurement on the net defined
benefit plan
2. Items under equity method that will not be
reclassified to profit or loss
3. Changes in fair value of other equity
instrument investments
4. Changes in fair value of own credit risk
5. Others
12
Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2022 Q1~Q3 2021
(II) To be reclassified subsequently to profit or loss 93,878,393.82 -10,157,427.46
1. Items under equity method that may be
reclassified to profit or loss
2. Changes in fair value of other debt
investments
3. Profit or loss from reclassification of financial
assets into other comprehensive income
4. Provision for credit impairment of other debt
investments
5. Cash flow hedging reserve
6. Translation reserve 93,878,393.82 -10,157,427.46
7. Others
Items attributable to non-controlling shareholders 238,791.82 -4,625,458.09
VII. Total comprehensive income 3,118,012,812.11 3,391,615,235.22
(I)Items attributable to the owners of the parent
3,104,924,232.07 3,381,838,218.44
company
(II) Items attributable to non-controlling shareholders 13,088,580.04 9,777,016.78
VIII. Earnings per share (EPS):
(I) Basic EPS (yuan per share) 0.98 1.10
(II) Diluted EPS (yuan per share) 0.98 1.10
Net profit realized by the combined party in business combination under common control before the business combination in the current
period was 0.00 yuan, and net profit realized by the combined party in the previous period was 0.00 yuan.
Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: Wang Xiaobi
3.Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB Yuan
Items Q1~Q3 2022 Q1~Q3 2021
I. Cash flows from operating activities:
Cash receipts from sale of goods or rendering of
12,071,389,906.85 10,444,510,249.93
services
Net increase of client deposit and interbank deposit
Net increase of central bank loans
Net increase of loans from other financial institutions
Cash receipts from original insurance contract
premium
Net cash receipts from reinsurance
Net increase of policy-holder deposit and investment
Cash receipts from interest, handling charges and
commission
Net increase of loans from others
13
Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2022 Q1~Q3 2021
Net increase of repurchase
Net cash receipts from agency security transaction
Receipts of tax refund 850,452,324.18 663,717,474.82
Other cash receipts related to operating activities 287,124,257.37 262,072,642.42
Subtotal of cash inflows from operating activities 13,208,966,488.40 11,370,300,367.17
Cash payments for goods purchased and services
received 8,139,683,463.77 5,626,420,552.09
Net increase of loans and advances to clients
Net increase of central bank deposit and interbank
deposit
Cash payments for insurance indemnities of original
insurance contracts
Net increase of loans to others
Cash payments for interest, handling charges and
commission
Cash payments for policy bonus
Cash paid to and on behalf of employees 1,437,531,327.11 1,119,035,556.90
Cash payments for taxes and rates 831,112,937.34 683,137,156.56
Other cash payments related to operating activities 273,152,396.11 84,977,263.27
Subtotal of cash outflows from operating activities 10,681,480,124.33 7,513,570,528.82
Net cash flows from operating activities 2,527,486,364.07 3,856,729,838.35
II. Cash flows from investing activities:
Cash receipts from withdrawal of investments
Cash receipts from investment income 40,762,530.88 41,295,727.22
Net cash receipts from the disposal of fixed assets,
6,903,703.28 12,356,503.13
intangible assets and other long-term assets
Net cash receipts from the disposal of subsidiaries &
other business units
Other cash receipts related to investing activities 1,827,620,203.77 1,800,000,000.00
Subtotal of cash inflows from investing activities 1,875,286,437.93 1,853,652,230.35
Cash payments for the acquisition of fixed assets,
intangible assets and other long-term assets 2,895,146,588.78 2,191,412,359.35
Cash payments for investments
Net increase of pledged borrowings
Net cash payments for the acquisition of subsidiaries
5,589,983.30 83,904,479.79
& other business units
Other cash payments related to investing activities 616,205,784.81 1,600,000,000.00
Subtotal of cash outflows from investing activities 3,516,942,356.89 3,875,316,839.14
Net cash flows from investing activities -1,641,655,918.96 -2,021,664,608.79
14
Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2022 Q1~Q3 2021
III. Cash flows from financing activities:
Cash receipts from absorbing investments
Including: Cash received by subsidiaries from non-
controlling shareholders as investments
Cash receipts from borrowings 4,749,513,521.52 4,848,268,656.73
Other cash receipts related to financing activities
Subtotal of cash inflows from financing activities 4,749,513,521.52 4,848,268,656.73
Cash payments for the repayment of borrowings 2,350,075,021.90 3,411,549,400.71
Cash payments for distribution of dividends or profits
and for interest expenses 2,051,162,620.80 1,771,907,984.48
Including: Cash paid by subsidiaries to non-controlling
shareholders as dividend or profit
Other cash payments related to financing activities 4,421,020.29 7,086,761.24
Subtotal of cash outflows from financing activities 4,405,658,662.99 5,190,544,146.43
Net cash flows from financing activities 343,854,858.53 -342,275,489.70
IV. Effect of foreign exchange rate changes on cash &
-13,554,069.00 -41,320,150.82
cash equivalents
V. Net increase in cash and cash equivalents 1,216,131,234.64 1,451,469,589.04
Add: Opening balance of cash and cash equivalents 5,714,537,538.23 4,669,306,776.09
VI. Closing balance of cash and cash equivalents 6,930,668,772.87 6,120,776,365.13
II Independent Auditor’s Report
Whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
Board of Directors of Zhejiang NHU Company Ltd
October 26,2022
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