Joyoung Co., Ltd. Interim Report of the First Quarter 2022
Ticker: 002242 Stock Abbreviation: Joyoung
Joyoung Co., Ltd.
Interim Report of the First Quarter 2022
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.
Imporant Notice:
Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior management staff of Joyoung 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.
Ningning YANG, CEO of the company; Jiangang KAN, CFO of the company, and Wen GUO, Chief Accountant of Accounting Institution,
declared that the quarterly financial statements should be true, accurate and complete.
Whether the first quarterly report was audited
□ Yes √ No
I. Key Financial Data
1.Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data
□ Yes √ No
From 1 January 2022 to From 1 January 2021
YoY Change
31 March 2022 to 31 March 2021
Operating revenue (RMB) 2,328,527,536.97 2,242,694,899.52 3.83%
Net Profit attributable to shareholders of the Company (RMB) 166,241,068.10 180,103,795.09 -7.70%
Net profit attributable to shareholders of the Company before
157,259,318.46 161,576,890.20 -2.67%
non-recurring gains and losses (RMB)
Net cash flows from operating activities (RMB) 495,669,740.10 -179,932,954.23 375.47%
Basic earnings per share (RMB / share) 0.22 0.24 -8.33%
Diluted earnings per share (RMB / share) 0.22 0.23 -4.35%
Decreased by 0.29
Weighted average return on net assets 3.83% 4.12%
percent point
31 March 2022 31 December 2021 Flux
Total assets (RMB) 8,429,014,890.21 8,516,380,670.95 -1.03%
Net assets attributable to shareholders of the Company (RMB) 4,426,827,142.84 4,263,662,880.72 3.83%
2. Non-recurring gain and loss items and amounts thereof
Unit: RMB
From 1 January
Item 2022 to 31 March Note
2022
1
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
Profit or loss from disposal of non-current assets (including the write-off of the provision for impairment of
107,347.34
assets)
Government grants included in the current profit or loss (that is closely related to the operations of the
4,119,272.58
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 financial assets, trading financial liabilities, derivative 5,267,590.01
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 except the above items 1,859,142.82
Less: Impact of income taxes 2,286,402.68
Impact of minority interests (after tax) 85,200.43
Total 8,981,749.64 --
Details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
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 √ Not applicable
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
Item 31 March 2022 31 December 2021 Flux Notes
Receivables financing 193,437,198.88 435,489,591.31 -55.58% Mainly due to the endorsement of notes receivable in the
period-end.
Prepaid expense 86,625,375.30 21,200,512.71 308.60% Mainly due to prepayments to suppliers to secure the price
of materials in the reporting period.
Other Accounts Receivables 68,103,812.07 30,856,543.13 120.71% Mainly due to unreceived revenue from other operating
sections.
Other Current Liabilities 93,993,487.44 137,330,241.41 -31.56% Mainly due to the decrease in retained VAT.
Long-term prepaid expenses 704,893.60 2,161,827.36 -67.39% Mainly due to amortization of prepaid expenses this period.
Trading Financial Liabilities 893,981.85 419,546.39 113.08% Mainly due to the decline in foreign exchange forward
valuation this period.
Notes Payable 2,071,386,468.89 1,349,089,944.76 53.54% Mainly due to the increase of notes payable issued in the
reporting period.
Accounts Payable 1,301,098,517.87 2,079,168,330.26 -37.42% Mainly due to payments to suppliers.
Payroll payable 20,736,635.72 168,514,322.91 -87.69% Mainly due to the yearly bonus payment
Tax payable 62,339,038.06 118,088,912.25 -47.21% Mainly due to tax paid this period
Lease liabilities 15,580,543.51 22,501,272.82 -30.76% Mainly due to the decrease in rent payable.
Item From 1 January From 1 January Flux Notes
2022 to 31 March 2021 to 31 March
2022 2021
Taxes and surcharges 7,637,733.84 11,071,089.84 -31.01% Mainly due to the decrease in VAT paid.
Investment Income 14,890,821.06 36,398,003.08 -59.09% Mainly due to the decrease in wealth management income
and investment income from associated companies.
Gains/(Losses) on changes in -2,493,895.04 473,471.91 -626.73% Mainly due to change in fair value of fund.
fair value
Asset Impairment Loss -5,141,480.04 -7,926,953.08 35.14% Mainly due to decrease in inventory and decrease in
related recognized impairment loss.
2
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
Non-operating Income 802,073.08 1,522,071.67 -47.30% Mainly due to decrease in penalty and confiscatory income.
Non-operating Expenses 789,449.76 2,859,266.77 -72.39% Mainly due to decrease in donation expenses.
Refund of taxes and 69,849,205.75 100.00% Mainly due to tax refund received this period.
surcharges
Cash received from operating 109,601,494.16 55,864,365.17 96.19% Mainly due to the recovery of the note deposit during the
activities period.
Cash received from disposal of 3,988,500.00 600,000.00 564.75% Mainly due to the recovery of equity investment in the
investments current period.
Net cash from disposal of fixed 355,848.48 269,259.44 32.16% Mainly due to increase in cash received from asset
assets, intangible assets and disposal.
recovery of other long-term
assets
Cash received relating to other 253,999,999.95 641,100,000.00 -60.38% Mainly due to the decrease of recovery of wealth
investing activities management and structured deposits.
Cash paid to acquire 21,000,000.00 -100.00% Mainly due to the purchase of equity instruments in the
investments prior period, but not in the current period.
Cash paid relating to other 328,000,000.00 1,176,000,000.00 -72.11% Mainly due to purchase of financial products and structured
investing activities deposits during the period.
Cash received from capital 24,500,000.00 -100.00% Mainly due to capital received by SharkNinja JV(China)
contributions from minority shareholders in 2021 Q1.
Cash payments relating to 4,199,845.36 100.00% Mainly due to the increase in lease expenses for the
other financing activities period.
II. 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 shareholders at the end Total number of preferred shareholders with resumed voting
42,257 0
of the Reporting Period rights at the end of the Reporting Period (if any)
Top 10 common shareholders
Total shares Number of Pledged or frozen shares
Nature of Shareholding
Name of shareholder held at the restricted shares
shareholder percentage Status Number
period-end held
Domestic
Shanghai Lihong Enterprise Management Limited non-state-owne 50.13% 384,523,746 pledged 307,618,897
d corporation
Foreign
BILTING DEVELOPMENTS LIMITED 16.94% 129,924,090 pledged 103,939,172
corporation
Foreign
Hong Kong Securities Clearing Co., Ltd. 10.44% 80,062,022
corporation
State-owned
Central Huijin Investment Ltd. 1.46% 11,201,233
corporation
Basic Pension Insurance Fund Portfolio No. 1001 Others 0.72% 5,501,435
China Merchants Bank-Shaanxi Coal Industry
Company Limited-Shaanxi Coal Rosefinch New Others 0.42% 3,210,845
Economy Industry Single Asset Management Plan
China Merchants Bank-Rosefinch Hengxin
One-Year Holding Hybrid Securities Investment Others 0.28% 2,181,005
Fund
China Merchants Bank-Rosefinch Industry Best
Others 0.27% 2,044,463
Choice Hybrid Securities Investment Fund
National Social Security Fund Portfolio No. 1001 Others 0.25% 1,940,292
Industrial and Commercial Bank of China- Fullgoal
Others 0.25% 1,895,513
Stable Enhanced Bond Investment Fund
3
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
Top 10 non-restricted common shareholders
Number of non-restricted Type of shares
Name of shareholder
shares held Type of shares Number
Shanghai Lihong Enterprise Management Limited 384,523,746 RMB common stock 384,523,746
BILTING DEVELOPMENTS LIMITED 129,924,090 RMB common stock 129,924,090
Hong Kong Securities Clearing Co., Ltd. 80,062,022 RMB common stock 80,062,022
Central Huijin Investment Ltd. 11,201,233 RMB common stock 11,201,233
Basic Pension Insurance Fund Portfolio No. 1001 5,501,435 RMB common stock 5,501,435
China Merchants Bank-Shaanxi Coal Industry Company Limited-Shaanxi Coal
3,210,845 RMB common stock 3,210,845
Rosefinch New Economy Industry Single Asset Management Plan
China Merchants Bank-Rosefinch Hengxin One-Year Holding Hybrid Securities
2,181,005 RMB common stock 2,181,005
Investment Fund
China Merchants Bank-Rosefinch Industry Best Choice Hybrid Securities
2,044,463 RMB common stock 2,044,463
Investment Fund
National Social Security Fund Portfolio No. 1001 1,940,292 RMB common stock 1,940,292
Industrial and Commercial Bank of China- Fullgoal Stable Enhanced Bond
1,895,513 RMB common stock 1,895,513
Investment Fund
In April 2019, the shareholding structure of Bilting Developments Limited changed. MR. Xuning WANG,
the controlling shareholder of the Company, became the controlling shareholder of Bilting Developments
Limited (See Announcement No. 2019-027 of the Company on www.chinainfo.com.cn). As a result, Shanghai
Lihong Enterprise Management Co., Ltd. and Bilting Developments Limited, both controlled by Mr. Xuning
Related or acting-in-concert parties
among shareholders above WANG, are defined as acting-in-concert parties by the Administrative Measures for the Takeover of Listed
Companies.
Other than the aforementioned related and acting-in-concert parties, the Company is uncertain about
whether there are related or acting-in-concert parties among shareholders above.
Explanation on common
shareholders participating in N/A
securities margin trading (if any)
2) Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings
□ Applicable √ Not applicable
III. Other Important Matters
1.Equity distribution
On March 38, 2022, the 14th Session of the Fifth Board of Directors of the Company considered and approved the
proposal of profit distribution for the year 2021 as follows: a cash dividend of RMB10.0 per 10 shares (tax inclusive) to all
shareholders based on the total shares of 767,017,000 as of December 31, 2021, 0 stock dividend (tax inclusive) and would
not convert capital reserves into share capital. On April 22, 2022, the Company's 2021 Annual General Meeting of
Shareholders considered and approved the above proposal.
2. Pledged shares
On 24 January 2022, BILTING DEVELOPMENTS LIMITED, a shareholder of the Company, registered 103,939,172
pledged shares it held with China Securities Depository and Clearing Corporation Limited as a guarantee for loans, and the
4
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
expiration date of the pledge is until the application for the release of the pledge. The number of pledged shares accounted for
13.55% of the total share capital of the Company.
3、Cancellation of part of stock options of the 2021 Stock Option Incentive Plan
On 28 March 2022, the Company held the 14th Session of the Fifth Board of Directors and the 13rd Session of the Fifth
Session of the Supervisory Committee and considered and approved the Proposal on Cancellation of Part of the Stock
Options under the 2021 Stock Option Incentive Plan. The cancellation of part of the stock options has been authorized by the
First Extraordinary General Meeting of Shareholders in 2021 and does not need to be submitted to the General Meeting of the
Company for consideration. A total of 6,954,000 stock options were required to be canceled, among which:
1）The cancellation of 1.19 million shares triggered by personal departure
12 of the incentive recipients do not have the qualification of incentive recipients as they left the Company. According to
the authorization of the first extraordinary shareholders' meeting of 2021, the board of directors of the company will cancel
1.19 million stock options granted to them but not yet exercised.
2）The cancellation of 5.764 million shares triggered by under-performance
In view of the fact that the performance assessment target at the company level corresponding to the first exercise
period of the stock options granted for the first time under this incentive plan has not been reached, 5.764 million stock
options corresponding to the first exercise period of the incentive recipients (except for the above-mentioned shares triggered
by personal departure) will be canceled by the company，according to the relevant provisions of the "Joyoung Stock Option
Incentive Plan Implementation Assessment Management Measures for 2021", " Shenzhen Stock Exchange Self-regulatory
Guidelines for Listed Companies No. 1 - Business Processing " and "2021 Stock Options Incentive Plan".
When the above cancellation is completed, the total number of incentive recipients for the first grant of the Incentive Plan
is adjusted from 107 to 95, and the number of stock options not yet exercised for the first grant is adjusted to 8.646 million.
IV. Quarterly Financial Statements
1. Financial Statements
1.1 Consolidated Balance Sheet
Prepared by: Joyoung Co., Ltd.
Unit: RMB
Item 31 March 2022 21 December 2021
Current assets:
Cash at bank and on hand 2,562,953,716.45 1,986,843,911.48
Deposit reservation for balance
Lending funds
Trading financial assets 496,762,358.15 492,981,291.00
Derivative financial assets
Notes receivable 1,383,764,026.98 1,779,656,896.81
Accounts receivable 633,098,106.99 590,075,982.97
Receivables financing 193,437,198.88 435,489,591.31
Prepaid expense 86,625,375.30 21,200,512.71
5
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
Item 31 March 2022 21 December 2021
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 68,103,812.07 30,856,543.13
Including: interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 946,085,712.97 1,047,863,740.22
Contract assets
Holding assets for sale
Current portion of non-current assets
Other current assets 93,993,487.44 137,330,241.41
Total current assets 6,464,823,795.23 6,522,298,711.04
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables 18,010,350.00 18,630,000.00
Long-term equity investments 187,990,869.82 181,300,306.48
Investments in other equity instruments 284,168,631.44 285,142,540.99
Other non-current financial assets 408,585,998.93 410,605,458.51
Investment properties 112,383,155.86 114,562,354.36
Fixed assets 563,084,775.58 576,556,389.64
Construction in progress 81,338,297.50 83,792,128.99
Productive biological asset
Oil and gas assets
Right-of-use assets 43,679,483.96 52,234,702.94
Intangible assets 121,620,836.17 123,086,998.77
Development expenditures
Goodwill
Long-term prepaid expenses 704,893.60 2,161,827.36
Deferred tax assets 77,623,802.12 81,009,251.87
Other non-current assets 65,000,000.00 65,000,000.00
Total non-current assets 1,964,191,094.98 1,994,081,959.91
TOTAL ASSETS 8,429,014,890.21 8,516,380,670.95
Current liabilities:
Short-term borrowings
Loans from the central bank
Loans from other banks
Trading financial liabilities 893,981.85 419,546.39
Derivative financial liability
Notes payable 2,071,386,468.89 1,349,089,944.76
Accounts payable 1,301,098,517.87 2,079,168,330.26
Unearned revenue
Contract liabilities 233,361,516.57 246,315,608.83
Financial assets sold for repurchase
6
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
Item 31 March 2022 21 December 2021
Deposits from customers and interbank
Receiving from vicariously traded securities
Receiving from vicariously sold securities
Payroll payable 20,736,635.72 168,514,322.91
Tax payable 62,339,038.06 118,088,912.25
Other payables 189,751,350.98 154,958,690.01
Including: Interest payable
Dividend payable
Handling fees and commissions payable
Dividend payable for reinsurance
Holding liabilities for sale
Current portion of non-current liabilities 27,371,951.96 31,105,816.48
Other current liabilities 30,336,997.15 31,025,927.59
Total current liabilities 3,937,276,459.05 4,178,687,099.48
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 15,580,543.51 22,501,272.82
Long-term payables
Long-term payroll payable
Accrued liabilities
Deferred income 11,791,180.66 12,191,388.97
Deferred tax liabilities 63,036,521.56 61,271,270.54
Other non-current liabilities
Total non-current liabilities 90,408,245.73 95,963,932.33
Total liabilities 4,027,684,704.78 4,274,651,031.81
Shareholders’ equity
Share capital 767,017,000.00 767,017,000.00
Other equity instruments
Including: Preferred stock
Perpetual bond
Capital surplus 935,607,513.93 935,607,513.93
Less: Treasury stock
Other comprehensive income 20,650,239.41 23,727,045.39
Special reserve
Surplus reserve 397,820,873.71 397,820,873.71
General risk reserve
Undistributed profits 2,305,731,515.79 2,139,490,447.69
Total equity attributable to shareholders of the Company 4,426,827,142.84 4,263,662,880.72
Minority interests -25,496,957.41 -21,933,241.58
Total shareholders’ equity 4,401,330,185.43 4,241,729,639.14
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 8,429,014,890.21 8,516,380,670.95
7
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo
1.2 CONSOLIDATED INCOME STATEMENTS FOR THE THREE MONTHS ENDED 31 MARCH 2022
Unit: RMB
For the three months ended 31 For the three months ended 31
Item
March 2022 March 2021
Total revenue 2,328,527,536.97 2,242,694,899.52
Including: Operating revenue 2,328,527,536.97 2,242,694,899.52
Interest income
Earned Premium
Handling fees and commission income
Total operating cost 2,139,608,721.45 2,056,676,274.10
Including: Cost of sales 1,708,513,720.94 1,537,590,931.01
Interest expense
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 7,637,733.84 11,071,089.84
Selling and distribution expenses 256,877,422.54 353,355,791.17
General and administrative expenses 82,842,695.63 81,407,040.59
Research and development expenses 88,441,844.05 79,022,046.04
Financial income -4,704,695.55 -5,770,624.55
Including: Interest expenses
Interest income 9,147,598.22 7,600,731.10
Add: Other income 4,389,633.19 5,076,094.43
Investment income/(loss) 14,890,821.06 36,398,003.08
Including: Investment income from associates and joint ventures 6,690,563.34 17,462,068.97
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 changes in fair value -2,493,895.04 473,471.91
Credit impairment losses -12,330,806.81 -11,723,977.88
Asset impairment losses -5,141,480.04 -7,926,953.08
Losses on disposal of assets 134,213.37 154,789.31
Operating profit 188,367,301.25 208,470,053.19
Add: Non-operating income 802,073.08 1,522,071.67
Less: Non-operating expenses 789,449.76 2,859,266.77
Total profit 188,379,924.57 207,132,858.09
Less: Income tax expenses 25,702,572.30 31,754,792.38
Net Profit 162,677,352.27 175,378,065.71
(1) Classified by continuity of operations
Net profit from continuing operations 162,677,352.27 175,378,065.71
Net profit from discontinued operations
8
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
For the three months ended 31 For the three months ended 31
Item
March 2022 March 2021
(2) Classified by ownership of the equity
Attributable to shareholders of the Company 166,241,068.10 180,103,795.09
Minority interests -3,563,715.83 -4,725,729.38
Other comprehensive income, net of tax -3,076,805.98 1,719,973.04
Other comprehensive income attributable to equity owners of the
-3,076,805.98 1,719,973.04
Company, net of tax
(1) Other comprehensive income items which will not be reclassified
-973,909.55 1,521,687.63
subsequently to profit or loss
1) Changes arising from remeasurement of 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
-973,909.55 1,521,687.63
instruments
4) Changes in fair value of an enterprise's own credit risk
5) Others
(2) Other comprehensive income items which will be reclassified
-2,102,896.43 198,285.41
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
Differences on translation of foreign currency financial statements -2,102,896.43 198,285.41
Others
Other comprehensive income attributable to minority shareholders, net
of tax
Total comprehensive income 159,600,546.29 177,098,038.75
Attributable to equity owners of the Company 163,164,262.12 181,823,768.13
Attributable to minority interests -3,563,715.83 -4,725,729.38
Earnings per share:
(1) Basic earnings per share 0.22 0.24
(2) Diluted earnings per share 0.22 0.23
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 0.00, and the net income realized by the party being consolidated in the previous period was: RMB 0.00.
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen
Guo
1.3 CONSOLIDATED CASH FLOW STATEMENTS
Unit: RMB
For the three months ended 31 For the three months ended 31
Item
March 2022 March 2021
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 3,185,829,510.02 2,575,174,677.43
Net increase in customer deposits and deposits from banks and other
financial institutions
9
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
For the three months ended 31 For the three months ended 31
Item
March 2022 March 2021
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 surcharges 69,849,205.75
Cash received relating to other operating activities 109,601,494.16 55,864,365.17
Sub-total of cash inflows 3,365,280,209.93 2,631,039,042.60
Cash paid for goods and services 1,974,413,890.39 1,986,732,232.37
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 employees 316,063,045.71 304,477,568.66
Payments of taxes and surcharges 182,206,857.36 167,391,566.79
Cash paid relating to other operating activities 396,926,676.37 352,370,629.01
Sub-total of cash outflows 2,869,610,469.83 2,810,971,996.83
Net cash flows from operating activities 495,669,740.10 -179,932,954.23
2. Cash flows from investing activities
Cash received from disposal of investments 3,988,500.00 600,000.00
Cash received from returns on investments 10,617,165.92 11,101,304.71
Net cash received from disposal of fixed assets, intangible assets and
355,848.48 269,259.44
other long-term assets
Net cash received from disposal of subsidiaries and other business
units
Cash received relating to other investing activities 253,999,999.95 641,100,000.00
Sub-total of cash inflows 268,961,514.35 653,070,564.15
Cash paid to acquire fixed assets, intangible assets and other
16,428,905.48 15,066,714.96
long-term assets
Cash paid to acquire investments 21,000,000.00
Net increase in pledged loans
Net cash paid to acquire subsidiaries and other business units
Cash paid relating to other investing activities 328,000,000.00 1,176,000,000.00
Sub-total of cash outflows 344,428,905.48 1,212,066,714.96
Net cash flows from investing activities -75,467,391.13 -558,996,150.81
3. Cash flows from financing activities
Cash received from capital contributions 24,500,000.00
Including: Cash received from capital contributions by minority
24,500,000.00
shareholders of subsidiaries
Cash received from borrowings
10
Joyoung Co., Ltd. Interim Report of the First Quarter 2022
For the three months ended 31 For the three months ended 31
Item
March 2022 March 2021
Cash received relating to other financing activities 50,000,000.00 66,400,000.00
Sub-total of cash inflows 50,000,000.00 90,900,000.00
Cash repayments of borrowings
Cash payments for interest expenses and distribution of dividends or
profits
Including: Cash payments for dividends or profit to minority
shareholders of subsidiaries
Cash payments relating to other financing activities 4,199,845.36
Sub-total of cash outflows 4,199,845.36
Net cash flows from financing activities 45,800,154.64 90,900,000.00
4. Effect of foreign exchange rate changes on cash and cash equivalents -5,454,768.55 -216,825.39
5. Net increase in cash and cash equivalents 460,547,735.06 -648,245,930.43
Add: Cash and cash equivalents at the beginning of the period 1,675,928,534.37 1,713,797,184.45
6. Cash and cash equivalents at the end of the period 2,136,476,269.43 1,065,551,254.02
2. Auditing Report
Whether the first quarterly report was audited
□ Yes √ No
The first quarterly report was not audited.
Joyoung Co., Ltd. Board of Directors
30 April 2022
11
