Joyoung Co., Ltd. Third Quarterly Report
Ticker: 002242 Stock Abbreviation: Joyoung
Joyoung Co., Ltd.
Interim Report of the Third 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.
Important notes:
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.
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.
Whether the third quarterly report was audited
□ Yes √ No
1
Joyoung Co., Ltd. Third Quarterly Report
I. Key Accounting Data and Financial Indicators
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
From 1 July 2022 to
YoY Change 2022 to 30 YoY Change
30 September 2022
September 2022
Operating revenue (RMB) 2,214,588,864.01 -3.23% 6,925,037,008.62 -1.52%
Net Profit attributable to shareholders of the
158,189,969.70 -25.28% 504,596,360.46 -23.91%
Company (RMB)
Net profit attributable to shareholders of the
Company before non-recurring gains and losses 159,359,269.72 -19.32% 458,387,462.82 -16.12%
(RMB)
Net cash flows from operating activities (RMB) — — 909,813,991.63 297.87%
Basic earnings per share (RMB / share) 0.21 -27.59% 0.66 -24.14%
Diluted earnings per share (RMB / share) 0.21 -25.00% 0.66 -23.26%
Increased by 0.11 Decreased by 1.72
Weighted average return on net assets 4.18% 12.65%
percent point percent point
30 Sep. 2022 31 Dec. 2021 Flux
Total assets (RMB) 7,337,760,383.84 8,516,380,670.95 -13.84%
Net assets attributable to shareholders of the
3,693,864,123.75 4,263,662,880.72 -13.36%
Company (RMB)
2. Non-recurring gain and loss items and amounts thereof
Unit: RMB
From 1 July 2022 to From 1 January 2022
Item Note
30 September 2022 to 30 September 2022
Profit or loss from disposal of non-current assets (including the
-109,113.05 -163,745.12
write off of the provision for impairment of assets)
Government grants included in the current profit or loss (that is
closely related to the operations of the Company, except for those Mainly local business
6,667,876.53 80,988,286.87
of fixed quotas or amounts according to the nationally unified support funds
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
Mainly due to changes
investment income from the disposal of trading financial assets,
-8,894,560.92 -28,753,037.92 in fair value of financial
derivative financial assets, trading financial liabilities, derivative
products
financial liabilities and other debt investments, excluding the
effective hedging business related to the Company’s normal
business operations
Reversal of provision for impairment of receivables separately
842,110.63 3,389,722.99
tested for impairment
Other non-operating income or expenses except the above items 263,179.05 -9,787.28
Less: Impact of income taxes -52,379.00 8,838,361.28
Impact of minority interests (after tax) -8,828.74 404,180.62
Total -1,169,300.02 46,208,897.64 --
Other details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
The Company does not have other details of gain or loss items that meet the definition of non-recurring gain or loss.
2
Joyoung Co., Ltd. Third Quarterly Report
For 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. Changes in key accounting data and financial indicators and reasons for such changes
Unit: RMB
Item 30 September 2022 31 December 2021 Flux Notes
Mainly due to the decrease in the purchase of
Trading financial assets 141,637,233.37 492,981,291.00 -71.27%
financial products during the period
Mainly due to the decrease in notes collections in the
Notes receivable 1,020,073,199.96 1,779,656,896.81 -42.68%
current period
Mainly due to the increase in the amount of locking in
Prepaid expense 94,740,433.84 21,200,512.71 346.88%
raw material prices during the period
Inventory 692,622,690.80 1,047,863,740.22 -33.90% Mainly due to faster inventory turnover in the period
Mainly due to the completion of the industrial factory
Construction in progress 19,184,369.47 83,792,128.99 -77.10%
project in the current period
Mainly due to amortization of right-of-use assets
Right-of-use assets 34,131,619.40 52,234,702.94 -34.66%
during the period
Mainly due to changes in the fair value of forward
Trading financial liabilities 4,888,596.83 419,546.39 1065.21%
exchange settlements
Mainly due to higher prepayment settlement in the
Accounts payable 1,267,548,205.13 2,079,168,330.26 -39.04%
current period
Mainly due to bonus payment at the beginning of the
Payroll payable 26,065,324.11 168,514,322.91 -84.53%
period
Mainly due to payment of prior period tax in the
Tax payable 73,793,450.91 118,088,912.25 -37.51%
current period
Current portion of non-current
19,846,593.87 31,105,816.48 -36.20% Mainly due to amortization of lease liabilities in the
liabilities
current period
Lease liabilities 13,776,350.81 22,501,272.82 -38.78%
Mainly due to changes in fair value of investments in
Other comprehensive income 49,230,605.58 23,727,045.39 107.49%
other equity instruments
Mainly due to the increase in minority interests as a
Minority interests 13,871,497.52 -21,933,241.58 163.24% result of the recovery of the entire equity interest in
SharkNinja (China) during the period
From 1 January From 1 January
Item 2022 to 30 2021 to 30 YoY Note
September 2022 September 2021
Mainly due to the increase in foreign exchange gain
Financial expense -59,795,915.38 -20,735,319.66 -188.38%
for the period
Mainly due to the decrease in income from financial
Investment income 23,586,517.95 53,838,899.20 -56.19%
investments in the current period
Gains/(Losses) on changes in fair
-26,006,918.70 13,058,790.16 -299.15% Mainly due to loss on fair value of trust in the period
value
Mainly due to the decrease in bad debts from
Credit impairment losses -7,807,991.01 -12,732,405.68 38.68%
accounts receivable during the period
Mainly due to the decrease in compensation income
Non-operating income 2,888,754.87 14,731,647.50 -80.39%
during the period
Net cash flows from operating Mainly due to the recovery of prior period's payment
909,813,991.63 -459,813,538.33 297.87%
activities for goods in the current period
Mainly due to decrease in wealth management in the
Net cash flows from investing activities 226,438,139.96 14,263,698.25 1487.51%
current period
Mainly due to the distribution of dividends and share
Net cash flows from financing activities -1,065,405,931.27 -792,627,480.00 -34.41%
repurchase during the period
II. Shareholder Information
3
Joyoung Co., Ltd. Third Quarterly Report
1. Total number of common shareholders and 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
47,436 0
of the Reporting Period voting 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
shareholder percentage Status Number
period-end shares held
Domestic non-
Shanghai Lihong Enterprise
state-owned 50.13% 384,523,746 Pledged 307,618,897
Management Limited
corporation
BILTING DEVELOPMENTS Foreign
16.94% 129,924,090 Pledged 103,939,172
LIMITED corporation
Hong Kong Securities Clearing Foreign
5.34% 40,988,268
Co., Ltd. corporation
State-owned
Central Huijin Investment Ltd. 1.46% 11,201,233
corporation
China Universal Asset
Management Co.,Ltd - Social Others 0.98% 7,493,610
Security Fund 423 Portfolio
Basic Pension Insurance Fund
Others 0.91% 7,001,435
Portfolio No. 1001
Joyoung Co., Ltd.- the First
Phase Employee Stock Others 0.78% 5,980,000
Purchase Plan
Agricultural Bank of China-
Caitong Securities Asset
Management Consumer
Others 0.30% 2,267,642
Upgrades One-Year Holding
Hybrid Securities Investment
Fund
National Social Security Fund
Others 0.25% 1,940,292
101 Portfolio
State-owned
Guosen Securities Co., Ltd. 0.24% 1,856,478
corporation
Top 10 non-restricted common shareholders
Number of non-restricted shares Type of shares
Name of shareholder
held Type of shares Number
RMB common
Shanghai Lihong Enterprise Management Limited 384,523,746 384,523,746
stock
RMB common
BILTING DEVELOPMENTS LIMITED 129,924,090 129,924,090
stock
RMB common
Hong Kong Securities Clearing Co., Ltd. 40,988,268 40,988,268
stock
RMB common
Central Huijin Investment Ltd. 11,201,233 11,201,233
stock
China Universal Asset Management Co.,Ltd - Social Security Fund RMB common
7,493,610 7,493,610
423 Portfolio stock
RMB common
Basic Pension Insurance Fund Portfolio No. 1001 7,001,435 7,001,435
stock
RMB common
Joyoung Co., Ltd.- the First Phase Employee Stock Purchase Plan 5,980,000 5,980,000
stock
Agricultural Bank of China-Caitong Securities Asset Management
RMB common
Consumer Upgrades One-Year Holding Hybrid Securities 2,267,642 2,267,642
stock
Investment Fund
National Social Security Fund 101 Portfolio 1,940,292 RMB common 1,940,292
4
Joyoung Co., Ltd. Third Quarterly Report
stock
RMB common
Guosen Securities Co., Ltd. 1,856,478 1,856,478
stock
In April 2019, the shareholding structure of Bilting Developments
Limited changed. MR. Xuning WANG, the actual controller of the
Company, became the actual controller of Bilting Developments Limited
(See Report No. 2019-027 of the Company on www.chinainfo.com.cn.).
As a result, Shanghai Lihong Enterprise Management Co., Ltd. and
Related or acting-in-concert parties among shareholders above Bilting Developments Limited, both controlled by Mr. Xuning 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 securities
N/A
margin trading (if any)
The number of common shares held in the repurchase special securities
Explanation on the existence of repurchase special accounts among
account of Joyoung at the end of the reporting period was 12,000,000
the top 10 shareholders (if any)
shares, representing 1.56% of the total share capital of the Company.
2.Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings
□ Applicable √ Not applicable
III. Other Significant Events
1. Equity distribution
On August 28, 2022, the Company's Fifth Seventeenth Board of Directors considered and approved the profit distribution proposal for the
half-year of 2022 as follows: based on the total share capital of 767,017,000 shares as of August 30, 2022, less 756,217,000 shares held in the
Company's special securities account for repurchase of 10,800,000 shares, a cash dividend of RMB 5.0 (including tax) per 10 shares will be
distributed to all shareholders. From the announcement date of disclosure to the implementation of the profit distribution, if the share capital of the
Company changes due to share repurchase, exercise of share incentive, repurchase of shares in the special account for employee stock ownership
plan and all or part of the actual grant, the Company intends to implement and maintain the distribution ratio based on the changed share capital
and adjust the total amount of distribution accordingly. On September 28, 2022, the first extraordinary general meeting of the Company in 2022
considered and approved the above proposal.
2. Progress of implementation of share repurchase
The Thirteenth Meeting of the Fifth Session of the Board of Directors of the Company and the Second Extraordinary General Meeting of
Shareholders in 2021 considered and approved the "Program on the Repurchase of Part of the Shares of the Public" and disclosed the "Report on
the Repurchase of Shares" on November 27, 2021, in which the Company intends to use its own funds not exceeding RMB 360 million to
repurchase part of the shares of the public (A shares) of the Company by way of centralized competitive trading at a repurchase price not The
repurchase price will not exceed RMB 30 yuan per share, and the repurchased shares are expected to be not less than (including) 6 million shares
and not more than (including) 12 million shares, accounting for 0.78%-1.56% of the total share capital of the company, and the repurchased shares
will be used to implement the share incentive plan or employee stock ownership plan, and the period of repurchased shares will not exceed 12
months from the date of approval by the shareholders' meeting. For details, please refer to the relevant announcements on Juchao Information
Website (http://www.cninfo.com.cn) and the "Report on Share Repurchase" (Announcement No. 2021-051) on Securities Times and China
Securities Journal.
The Company's 2021 Annual General Meeting of Shareholders held on April 22, 2022 considered and approved the Proposal on the
5
Joyoung Co., Ltd. Third Quarterly Report
Distribution of Profit for the Year 2021 and disclosed the Announcement on the Implementation of the Distribution of Equity for the Year 2021 on
April 29, 2022. According to the Company's Report on Share Repurchase, the maximum price of the Company's share repurchase will be adjusted
from no more than RMB 30 per share to RMB 29 per share. Based on the upper limit of the repurchase quantity of 12 million shares, the
repurchase amount is expected to be approximately RMB 350 million; based on the lower limit of the repurchase quantity of 6 million shares, the
repurchase amount is expected to be approximately RMB 170 million, with the specific number of repurchased shares subject to the actual number
of shares repurchased at the expiration of the repurchase period. Other contents remain unchanged. For details, please refer to the Announcement
on Adjustment of the Upper Limit of the Repurchase Price(Announcement No.2022-032) published by the Company on Securities Times, China
Securities Journal and Juchao Information Website (http://www.cninfo.com.cn) on June 1, 2022.
The Company's 2021 Annual General Meeting of Shareholders held on April 22, 2022 considered and approved the Proposal on the
Distribution of Profit for the Year 2021 and disclosed the Announcement on the Implementation of the Distribution of Equity for the Year 2021 on
April 29, 2022. According to the Company's Report on Share Repurchase, the maximum price of the Company's share repurchase will be adjusted
from no more than RMB 30 per share to RMB 29 per share. Based on the upper limit of the repurchase quantity of 12 million shares, the
repurchase amount is expected to be approximately RMB 350 million; based on the lower limit of the repurchase quantity of 6 million shares, the
repurchase amount is expected to be approximately RMB 170 million, with the specific number of repurchased shares subject to the actual number
of shares repurchased at the expiration of the repurchase period. Other contents remain unchanged. For details, please refer to the Announcement
on Adjustment of the Upper Limit of the Repurchase Price(Announcement No.2022-032) published by the Company on Securities Times, China
Securities Journal and Juchao Information Website (http://www.cninfo.com.cn) on June 1, 2022. As of September 13, 2022, the number of shares
repurchased by the Company reached the upper limit and the program has been implemented. The Company repurchased a total of 12,000,000
shares by centralized competitive bidding through the special securities account for share repurchase, accounting for 1.56% of the Company's total
share capital as of the implemented date, with the highest transaction price of RMB 19.65 per share and the lowest transaction price of RMB 14.68
per share, and the total amount paid was RMB 204,080,639.52 (excluding transaction fees). The repurchase was in compliance with the relevant
laws, regulations, and regulatory documents and was in line with the established repurchase program of the Company.
3. Progress in the implementation of the Employee Stock Purchase Plan
The Company held the Fourteenth Meeting of the Fifth Session of the Board of Directors and the Thirteenth Meeting of the Fifth Session of
the Supervisory Committee on March 28, 2022 to consider and adopt the “Proposal on the First Phase Employee Stock Purchase Plan (Draft) of
Joyoung and its summary” and other related proposals. The 2021 Annual General Meeting was held on April 22, 2022, at which the “Proposal on
the First Phase Employee Stock Purchase Plan of Joyoung (Draft Revision) and its summary" and other related proposals were considered and
approved. For details, please refer to the relevant announcements of the Company published on the Securities Times, China Securities Journal and
Juchao Information Website (http://www.cninfo.com.cn) on 30 March 2022, 2 April 2022 and 23 April 2022.
As at 30 September 2022, the Phase I Employee Stock Purchase Plan of the Company had purchased a total of 5,980,000 shares of the
Company's stock in the secondary market by way of centralized competitive bidding transactions, representing 0.78% of the total share capital of
the Company, with a total transaction amount of RMB89,798,174.70 (excluding transaction costs).
As at 18 October 2022, the Phase I Employee Stock Purchase Plan of the Company had completed the purchase of all shares and had
bought a total of 8,000,000 shares of the Company in the secondary market by way of centralized competitive bidding transactions, representing
1.04% of the total share capital of the Company, for a total transaction amount of RMB121,068,322.09 (excluding transaction costs).
6
Joyoung Co., Ltd. Third Quarterly Report
IV. Quarterly Financial Statements
1. Financial Statements
1.1 Consolidated Balance Sheet
Prepared by: Joyoung Co., Ltd.
Unit: RMB
Item 30 September 2022 1 January 2022
Current assets:
Cash at bank and on hand 2,118,574,283.32 1,986,843,911.48
Deposit reservation for balance
Lending funds
Trading financial expense 141,637,233.37 492,981,291.00
Derivative financial assets
Notes receivable 1,020,073,199.96 1,779,656,896.81
Accounts receivable 657,469,318.95 590,075,982.97
Receivables financing 449,508,028.86 435,489,591.31
Prepaid expense 94,740,433.84 21,200,512.71
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 28,085,328.96 30,856,543.13
Including: Interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 692,622,690.80 1,047,863,740.22
Contract assets
Holding assets for sale
Current portion of non-current liabilities
Other current assets 125,610,353.75 137,330,241.41
Total current assets 5,328,320,871.81 6,522,298,711.04
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables 16,930,350.00 18,630,000.00
Long-term equity investments 202,575,818.15 181,300,306.48
Investments in other equity instruments 310,786,464.25 285,142,540.99
Other non-current financial assets 441,569,297.80 410,605,458.51
Investment properties 107,187,408.40 114,562,354.36
Fixed assets 628,890,764.93 576,556,389.64
Construction in progress 19,184,369.47 83,792,128.99
Productive biological asset
Oil and gas assets
Right-of-use assets 34,131,619.40 52,234,702.94
Intangible assets 121,668,799.31 123,086,998.77
Development expenditures
Goodwill
Long-term prepaid expenses 1,656,520.32 2,161,827.36
Deferred tax assets 59,858,100.00 81,009,251.87
Other non-current assets 65,000,000.00 65,000,000.00
Total non-current assets 2,009,439,512.03 1,994,081,959.91
TOTAL ASSETS 7,337,760,383.84 8,516,380,670.95
Current liabilities:
7
Joyoung Co., Ltd. Third Quarterly Report
Item 30 September 2022 1 January 2022
Short-term borrowings
Loans from the central bank
Loans from other banks
Trading financial liabilities 4,888,596.83 419,546.39
Derivative financial liability
Notes payable 1,695,416,990.65 1,349,089,944.76
Accounts payable 1,267,548,205.13 2,079,168,330.26
Unearned revenue
Contract liabilities 293,198,708.50 246,315,608.83
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 26,065,324.11 168,514,322.91
Tax payable 73,793,450.91 118,088,912.25
Other payables 123,021,102.96 154,958,690.01
Including: Interest payable
Dividend payable
Handling fees and commissions payable
Dividend payable for reinsurance
Holding liabilities for sale
Current portion of non-current liabilities 19,846,593.87 31,105,816.48
Other current liabilities 38,115,832.11 31,025,927.59
Total current liabilities 3,541,894,805.07 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 13,776,350.81 22,501,272.82
Long-term payables
Long-term payroll payable
Accrued liabilities
Deferred income 8,595,338.50 12,191,388.97
Deferred tax liabilities 65,758,268.19 61,271,270.54
Other non-current liabilities
Total non-current liabilities 88,129,957.50 95,963,932.33
Total liabilities 3,630,024,762.57 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 893,529,850.53 935,607,513.93
Less: Treasury stock 293,878,814.22
Other comprehensive income 49,230,605.58 23,727,045.39
Special reserve
Surplus reserve 397,820,873.71 397,820,873.71
General risk reserve
Undistributed profits 1,880,144,608.15 2,139,490,447.69
Total equity attributable to shareholders of the Company 3,693,864,123.75 4,263,662,880.72
Minority interests 13,871,497.52 -21,933,241.58
Total shareholders’ equity 3,707,735,621.27 4,241,729,639.14
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,337,760,383.84 8,516,380,670.95
8
Joyoung Co., Ltd. Third Quarterly Report
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo
1.2 CONSOLIDATED INCOME STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2022
Unit: RMB
For the nine months ended For the nine months ended
Item
30 September 2022 30 September 2021
Total revenue 6,925,037,008.62 7,031,953,663.00
Including: Operating revenue 6,925,037,008.62 7,031,953,663.00
Interest income
Earned Premium
Handling fees and commission income
Total operating cost 6,413,441,215.08 6,428,336,085.06
Including: Cost of sales 4,935,158,506.72 4,927,257,842.45
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 32,881,324.70 27,956,551.98
Selling and distribution expenses 1,019,378,838.01 1,036,712,663.47
General and administrative expenses 241,615,214.05 230,586,637.26
Research and development expenses 244,203,246.98 226,557,709.56
Financial income -59,795,915.38 -20,735,319.66
Including: Interest expenses 1,436,001.01 1,506,250.07
Interest income 31,900,532.90 26,332,788.86
Add: Other income 81,779,980.16 76,730,424.69
Investment income/(loss) 23,586,517.95 53,838,899.20
Including: Investment income from associates and joint ventures 21,275,511.67 10,764,226.72
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 -26,006,918.70 13,058,790.16
Credit impairment losses -7,807,991.01 -12,732,405.68
Asset impairment losses -9,417,363.71 -9,619,182.89
Losses on disposal of assets -88,380.21 183,434.85
Operating profit 573,641,638.02 725,077,538.27
Add: Non-operating income 2,888,754.87 14,731,647.50
Less: Non-operating expenses 7,923,602.00 10,318,936.96
Total profit 568,606,790.89 729,490,248.81
Less: Income tax expenses 70,519,810.73 95,219,286.13
Net Profit 498,086,980.16 634,270,962.68
(1) Classified by continuity of operations
Net profit from continuing operations 498,086,980.16 634,270,962.68
Net profit from discontinued operations
9
Joyoung Co., Ltd. Third Quarterly Report
For the nine months ended For the nine months ended
Item
30 September 2022 30 September 2021
(2) Classified by ownership of the equity
Attributable to shareholders of the Company 504,596,360.46 663,158,912.96
Minority interests -6,509,380.30 -28,887,950.28
Other comprehensive income, net of tax 25,503,560.19 -978,843.60
Other comprehensive income attributable to equity owners of the Company,
25,503,560.19 -978,843.60
net of tax
(1) Other comprehensive income items which will not be reclassified
25,643,923.26 -119,546.60
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 instruments 25,643,923.26 -119,546.60
4) Changes in fair value of an enterprise's own credit risk
5) Others
(2) Other comprehensive income items which will be reclassified
-140,363.07 -859,297.00
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 -140,363.07 -859,297.00
Others
Other comprehensive income attributable to minority shareholders, net of tax
Total comprehensive income 523,590,540.35 633,292,119.08
Attributable to equity owners of the Company 530,099,920.65 662,180,069.36
Attributable to minority interests -6,509,380.30 -28,887,950.28
Earnings per share:
(1) Basic earnings per share 0.66 0.87
(2) Diluted earnings per share 0.66 0.86
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: $0.00, and the net income realized by the party being consolidated in the previous period was: $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 nine months ended 30 For the nine months ended 30
Item
September 2022 September 2021
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 8,467,758,355.02 7,968,153,431.84
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
10
Joyoung Co., Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended 30
Item
September 2022 September 2021
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 92,608,032.81 40,000,000.00
Cash received relating to other operating activities 310,871,232.42 182,723,928.83
Sub-total of cash inflows 8,871,237,620.25 8,190,877,360.67
Cash paid for goods and services 5,651,386,813.10 6,256,676,573.58
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 562,339,589.68 655,418,395.48
Payments of taxes and surcharges 466,365,214.13 468,145,557.23
Cash paid relating to other operating activities 1,281,332,011.71 1,270,450,372.71
Sub-total of cash outflows 7,961,423,628.62 8,650,690,899.00
Net cash flows from operating activities 909,813,991.63 -459,813,538.33
2. Cash flows from investing activities
Cash received from disposal of investments 10,028,500.00 10,851,423.00
Cash received from returns on investments 17,624,470.20 35,090,910.71
Net cash received from disposal of fixed assets, intangible assets
550,000.00 150,940,690.59
and other long-term assets
Net cash received from disposal of subsidiaries and other business
units
Cash received relating to other investing activities 583,999,999.95 2,186,600,000.00
Sub-total of cash inflows 612,202,970.15 2,383,483,024.30
Cash paid to acquire fixed assets, intangible assets and other
108,447,830.19 69,179,022.89
long-term assets
Cash paid to acquire investments 30,000,000.00 23,540,303.16
Net increase in pledged loans
Net cash paid to acquire subsidiaries and other business units
Cash paid relating to other investing activities 247,317,000.00 2,276,500,000.00
Sub-total of cash outflows 385,764,830.19 2,369,219,326.05
Net cash flows from investing activities 226,438,139.96 14,263,698.25
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
Cash received relating to other financing activities 25,520.00
Sub-total of cash inflows 24,525,520.00
Cash repayments of borrowings
Cash payments for interest expenses and distribution of dividends
764,858,200.00 767,017,000.00
or profits
Including: Cash payments for dividends or profit to minority
shareholders of subsidiaries
Cash payments relating to other financing activities 300,547,731.27 50,136,000.00
Sub-total of cash outflows 1,065,405,931.27 817,153,000.00
Net cash flows from financing activities -1,065,405,931.27 -792,627,480.00
11
Joyoung Co., Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended 30
Item
September 2022 September 2021
4. Effect of foreign exchange rate changes on cash
30,257,427.61 -3,022,527.45
and cash equivalents
5. Net increase in cash and cash equivalents 101,103,627.93 -1,241,199,847.53
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 1,777,032,162.30 472,597,336.92
2. Auditing Report
Whether the third quarterly report was audited
□ Yes √ No
Joyoung Co., Ltd. Board of Directors
28 October 2022
12
