Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd.
Hangzhou Robam Appliances Co., Ltd.
2021 First Quarterly Report
April 2021
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Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd.
Chapter 1 Important Notes
The board of directors, the board of supervisors and directors, supervisors and senior
management of the Company hereby guarantee that no false or misleading statement or
major omission was made to the materials in this report and that they will assume all the
responsibility, individually and jointly, for the authenticity, accuracy and completeness of the
contents of the quarterly report.
All the directors attended the board meeting during which they reviewed this Quarterly
Report.
Ren Jianhua, the head of the Company, Zhang Guofu, the head of accounting work, and
Zhang Guofu, the head of the accounting body (the accountant in charge) , guarantee the
authenticity, accuracy and completeness of the financial report in the quarterly report.
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Chapter 2 Company Profile
I. Key Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of the previous years
□ Yes √ No
Increase/decrease this
Corresponding period of
Reporting period year compared to the
last year
previous year
Operating income (yuan) 1,908,332,042.49 1,265,689,550.31 50.77%
Net profits attributable to shareholders of
358,828,585.88 245,010,424.02 46.45%
listed companies (yuan)
Net profits attributable to shareholders of
the listed company after deduction of 321,817,120.06 189,293,064.42 70.01%
non-recurring profits and losses (yuan)
Net cash flow from operating activities
145,798,650.84 -244,718,331.36 /
(yuan)
Basic EPS (yuan/share) 0.38 0.26 46.15%
Diluted EPS (yuan/share) 0.38 0.26 46.15%
Weighted average return on net assets 4.36% 3.51% 0.85%
Increase/decrease at the
End of the reporting end of this reporting
End of previous year
period period compared to the
end of the previous year
Total assets (yuan) 12,657,772,626.80 12,457,568,276.25 1.61%
Net assets attributable to shareholders of
8,409,455,401.23 8,050,626,815.35 4.46%
listed companies (yuan)
Items and Amounts of Non-recurring Gains and Losses
√Applicable □ Not applicable
Unit: yuan
Amount changes from the
Item beginning of the year to the Description
end of the reporting period
Profits and losses on the disposal of non-current assets
(including the write-off part of the provision for asset -1,831,792.95
impairment)
Government subsidies included into the current profits and 47,513,900.41
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losses, except those government subsidies, which are closely
related to the business of a company and enjoyed in accordance
with a certain standard quota or quantity of the state
Income and expenditure other than those mentioned above -2,570,323.63
Less: Amount affected by income tax 6,737,205.70
Amount of minority shareholders' equity affected (after
-636,887.69
tax)
Total 37,011,465.82 --
Explain the non-recurrent profit and loss items defined by the Company according to the Interpretative Announcement No. 1 on
Information Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses and defined from the
non-recurrent profit and loss items enumerated in the Interpretative Announcement No. 1 on Information Disclosure of Public
Securities Issuing Companies - Non-recurrent Profits and Losses
□ Applicable √ Not applicable
No definition of non-recurrent profit and loss items defined and enumerated in the Interpretative Announcement No. 1 on Information
Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses as non-recurrent profit and loss items during
the reporting period.
II. Total Number of Shareholders and Shareholdings of the Top Ten Shareholders at the End
of the Reporting Period
1. Total number of common shareholders and preferred shareholders with the voting rights recovered, and
shareholding of the top 10 shareholders
Unit: share
Total number of preferred
Total number of common shareholders at shareholders with the voting
75,073 0
the end of the reporting period rights recovered at the end of
reporting period (if any)
Shareholding of the top 10 shareholders
Number of Pledge or freeze
shares held
Shareholder Shareholding Number of
Shareholder's name with limited
nature ratio shares Status of shares Quantity
sales
conditions
Hangzhou Robam Domestic
Industrial Group Co., non-state legal 49.68% 471,510,000
Ltd. person
Hong Kong Securities Overseas legal
12.89% 122,354,048
Clearing Co. Ltd. person
Domestic
Shen Guoying 1.29% 12,240,000
natural person
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Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd.
China Life Insurance
Company Co., Ltd -
Other 1.01% 9,632,407
Traditional - General
Insurance Products
Domestic
Hangzhou Jinchuang
non-state legal 1.00% 9,451,985
Investment Co., Ltd.
person
TEMASEK
Overseas legal
FULLERTON ALPHA 0.96% 9,066,498
person
PTE LTD
Norges Bank - equity Overseas legal
0.94% 8,960,259
fund person
China Resources Szitic
Trust Co.,Ltd. - China
Resources Trust Kuan
Other 0.71% 6,700,000
Yuan Value Renaissance
Securities Investment
Collect Fund Trust Plan
Domestic
Hangzhou Yinchuang
non-state legal 0.67% 6,318,000
Investment Co., Ltd.
person
China Life Insurance
Company Co., Ltd -
Other 0.66% 6,299,776
Traditional - General
Insurance Products
Shareholding of top 10 shareholders with unlimited sales conditions
Number of shares held not subject to sales Type of share
Shareholder's name
restrictions Type of share Quantity
Hangzhou Robam Industrial Group Co., Common stock
471,510,000 471,510,000
Ltd. in RMB
Common stock
Hong Kong Securities Clearing Co. Ltd. 122,354,048 122,354,048
in RMB
Common stock
Shen Guoying 12,240,000 12,240,000
in RMB
China Life Insurance Company Co., Ltd - Common stock
9,632,407 9,632,407
Traditional - General Insurance Products in RMB
Common stock
Hangzhou Jinchuang Investment Co., Ltd. 9,451,985 9,451,985
in RMB
TEMASEK FULLERTON ALPHA PTE Common stock
9,066,498 9,066,498
LTD in RMB
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Common stock
Norges Bank - equity fund 8,960,259 8,960,259
in RMB
China Resources Szitic Trust Co.,Ltd. -
China Resources Trust Kuan Yuan Value Common stock
6,700,000 6,700,000
Renaissance Securities Investment Collect in RMB
Fund Trust Plan
Common stock
Hangzhou Yinchuang Investment Co., Ltd. 6,318,000 6,318,000
in RMB
China Life Insurance Company Co., Ltd - Common stock
6,299,776 6,299,776
Traditional - General Insurance Products in RMB
The actual controller of the Company’s controlling shareholder Hangzhou Robam
Industrial Group Co., Ltd. and the shareholder Hangzhou Jinchuang Investment
Description of the associated relationship or
Co., Ltd. is Mr. Ren Jianhua, and the natural person shareholder Shen Guoying is
consistent actions of the above shareholders
the wife of Ren Jianhua. The above shareholders have the possibility of acting in
unison.
Description of the top 10 shareholders
engaging in securities margin trading (if N/A
any)
Whether the Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions agreed on a
repurchase transaction during the reporting period
□ Yes √ No
The Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions did not agree on a
repurchase transaction during the reporting period
2. Total number of the Company’s preferred shareholders and shareholding of the top 10 preferred
shareholders
□ Applicable √ Not applicable
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Chapter 3 Significant Matters
I. Cases and causes for the change in Major Financial Data and Financial Indicators during
the Reporting Period
√Applicable □ Not applicable
1. Balance sheet items
At the end of the reporting period, accounts receivable decreased by 38.42% as compared with that at the beginning of the year,
which was mainly caused by the retrieve of receivables.
At the end of the reporting period, prepayments increased by 62.40 % as compared with that at the beginning of the year, which was
mainly caused by the increase in prepayments for the purchase of raw materials.
At the end of the reporting period, the deferred income tax assets increased by 46.81 % as compared with that at the beginning of the
year, which was mainly caused by the temporary differences arising from prepaid sales expenses.
At the end of the reporting period, the payroll payable decreased by 86.29% as compared with that at the beginning of the year,
which was mainly caused by the payment of employee salaries and bonuses last year.
2. Income statement items
Benefiting from good control of the epidemic, the operating conditions of various categories and channels in the reporting period of
the Company have been greatly improved as compared with that in the same period of previous year.
Operating income increased by 50.77% and net profit attributable to the parent company increased by 46.45% as compared with that
in the same period of previous year; Operating costs, selling expenses, administrative expenses, etc., increased accordingly as
compared with that in the same period of previous year.
3. Cash flow statement items
Net cash flows from investment activities decreased by 34.21% as compared with that in the same period of the previous year, which
was mainly caused by the increase in the amount purchased from bank wealth management products.
II. Progress and Influence of Significant Matters, and the Analysis and Explanation on
Solutions
□ Applicable √ Not applicable
Implementation progress of share repurchase
□ Applicable √ Not applicable
Implementation progress of reducing repurchased shares by centralized competitive bidding
□ Applicable √ Not applicable
III. Commitments not Fully Fulfilled by the Company’s Actual Controllers, Shareholders,
Affiliates, Acquirers and Other Commitment Parties During the Reporting Period
□ Applicable √ Not applicable
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During the reporting period, there were no commitments not fully fulfilled by the Company’s actual controllers, shareholders,
affiliates, acquirers and other commitment parties during the reporting period.
IV. Financial Asset Investment
1. Securities investment
□ Applicable √ Not applicable
The Company had no securities investments in the reporting period.
2. Derivative investment
□ Applicable √ Not applicable
The Company had no derivative investments in the reporting period.
V. Progress of Investment Projects Funded by Raised Funds
□ Applicable √ Not applicable
VI. Prediction of Operating Results in January - June 2021
Warnings and reasons for the prediction of the potential losses in the accumulated net profit from the beginning of the year to the end
of the next reporting period or significant changes as compared with that in the same period of the previous year
□ Applicable √ Not applicable
VII. Material Contracts for Daily Operations
□ Applicable √ Not applicable
VIII. Entrusted Financial Management
√Applicable □ Not applicable
Unit: 10,000 yuan
Source of funds for Amount incurred in Overdue amount not
Specific type Outstanding balance
entrusted financing entrusted financing recovered
Bank financial
Owned fund 50,000 222,500 0
products
Total 50,000 222,500 0
Specific circumstance of high-risk entrusted financing with significant single amount or with low security, poor liquidity and not
break-even
□ Applicable √ Not applicable
The entrusted financing is expected not to recover the principal or has other circumstances that may cause impairment
□ Applicable √ Not applicable
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IX. Illegal External Guarantees
□ Applicable √ Not applicable
The Company had no illegal external guarantees during the reporting period.
X. Non-operating Occupation of Funds of the Listed Company by the Controlling
Shareholders and Their Related Parties
□ Applicable √ Not applicable
No non-operating occupation of funds of listed companies by controlling shareholders and their related parties during the reporting
period.
XI. Registration Form for Reception, Research, Communication, Interview and Other
Activities During the Reporting Period
√Applicable □ Not applicable
Reception Reception Type of received
Reception time Basic information index of the survey
location way object
See Robam Appliances: Record of Investor Relations
January 06, 2021 Company Field survey Organization
Activities on January 06, 2021 in Cninfo
See Robam Appliances: Record of Investor Relation
January 12, 2021 Company Field survey Organization
Activities on January 12-15, 2021 in Cninfo
See Robam Appliances: Record of Investor Relation
March 04, 2021 Company Field survey Organization
Activities on January 4-5, 2021 in Cninfo
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Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Unit: Hangzhou Robam Appliances Co., Ltd.
March 31, 2021
Unit: yuan
Item March 31, 2021 December 31, 2020
Current assets:
Monetary capital 4,136,801,325.19 3,921,052,700.31
Deposit reservation for balance
Lending funds
Trading financial assets 2,225,000,000.00 2,352,000,000.00
Derivative financial assets
Notes receivable 2,188,823,040.62 1,832,701,443.08
Accounts receivable 620,868,794.62 1,008,235,946.40
Receivables financing
Advances to suppliers 113,503,727.93 69,889,399.47
Premiums receivables
Reinsurance accounts receivable
Reinsurance contract reserve
receivable
Other receivables 67,822,134.75 56,589,791.38
Including: Interest receivable
Dividends receivable
Redemptory monetary capital
for sale
Inventory 1,405,339,657.42 1,386,089,344.84
Contract assets
Assets held for sales
Non-current assets due within a
year
Other current assets 29,099.50 667,378.56
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Total current assets 10,758,187,780.03 10,627,226,004.04
Non-current assets:
Loans and advances
Debt investment
Other debt investments
Long-term receivables
Long-term equity investment 2,640,604.50 3,452,769.59
Other equity instrument
102,116,023.22 102,116,023.22
investments
Other non-current financial
assets
Investment properties 18,737,014.51 2,591,001.84
Fixed assets 812,093,795.39 824,978,354.71
Construction in progress 465,749,512.12 463,424,647.46
Productive biological assets
Oil and gas assets
Right-of-use assets 14,980,357.53
Intangible assets 232,052,485.08 235,217,240.32
Development expenditure
Goodwill 80,589,565.84 80,589,565.84
Long-term unamortized
1,630,211.03 1,798,358.85
expenses
Deferred income tax assets 165,146,135.31 112,492,030.71
Other non-current assets 3,849,142.24 3,682,279.67
Total non-current assets 1,899,584,846.77 1,830,342,272.21
Total assets 12,657,772,626.80 12,457,568,276.25
Current liabilities
Short-term borrowing 6,076,177.30 6,076,177.30
Borrowings from central bank
Borrowing funds
Trading financial liabilities
Derivative financial liabilities
Notes payable 843,225,581.71 751,802,498.92
Accounts payable 1,519,476,141.14 1,723,832,208.09
Advance from customers
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Contract liabilities 969,754,696.53 949,591,228.35
Financial assets sold for
repurchase
Deposits from customers and
interbank
Acting trading securities
Acting underwriting securities
Payroll payable 17,287,839.40 126,130,391.24
Tax payable 203,455,994.80 181,887,237.51
Other payables 256,157,178.37 242,559,615.30
Including: Interest payable
Dividends payable
Fees and commissions payable
Dividend payable for
reinsurance
Liabilities held for sales
Non-current liabilities due
within a year
Other current liabilities 119,156,658.12 126,535,407.26
Total current liabilities 3,934,590,267.37 4,108,414,763.97
Non-current liabilities:
Reserve fund for insurance
contracts
Long-term borrowing
Bonds payable
Including: preferred stock
Perpetual bond
Lease liabilities 15,582,667.63
Long-term payable
Long-term payroll payable
Estimated liabilities
Deferred income 145,559,487.53 150,163,523.90
Deferred income tax liabilities 5,137,765.38 5,210,759.74
Other non-current liabilities
Total non-current liabilities 166,279,920.54 155,374,283.64
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Total liabilities 4,100,870,187.91 4,263,789,047.61
Owner's equity:
Capital stock 949,024,050.00 949,024,050.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital reserve 401,799,332.67 401,799,332.67
Minus: treasury stock
Other comprehensive income -15,157,634.16 -15,157,634.16
Special reserve
Surplus reserves 474,516,412.50 474,516,412.50
General risk preparation
Undistributed profit 6,599,273,240.22 6,240,444,654.34
Total owners' equities attributable to
8,409,455,401.23 8,050,626,815.35
the owners of parent company
Minority equity 147,447,037.66 143,152,413.29
Total owners' equities 8,556,902,438.89 8,193,779,228.64
Total liabilities and owners' equities 12,657,772,626.80 12,457,568,276.25
Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting institution: Zhang
Guofu
2. Balance sheet of parent company
Unit: yuan
Item March 31, 2021 December 31, 2020
Current assets:
Monetary capital 3,968,147,640.60 3,660,573,828.66
Trading financial assets 2,060,000,000.00 2,260,000,000.00
Derivative financial assets
Notes receivable 2,158,508,187.17 1,826,318,388.55
Accounts receivable 593,604,956.02 933,609,909.29
Receivables financing
Advances to suppliers 100,087,098.68 54,046,490.84
Other receivables 53,264,970.23 49,092,820.31
Including: Interest receivable
Dividends receivable
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Inventory 1,331,157,695.53 1,310,365,800.56
Contract assets
Assets held for sales
Non-current assets due within a year
Other current assets
Total current assets 10,264,770,548.23 10,094,007,238.21
Non-current assets:
Debt investment
Other debt investments
Long-term receivables
Long-term equity investment 229,146,538.23 229,958,703.32
Other equity instrument investments 102,116,023.22 102,116,023.22
Other non-current financial assets
Investment properties 19,030,714.59 2,890,836.38
Fixed assets 785,754,078.21 798,041,764.29
Construction in progress 391,622,015.69 388,628,789.02
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 151,652,416.89 153,598,124.59
Development expenditure
Goodwill
Long-term unamortized expenses 1,442,606.73 1,626,828.83
Deferred income tax assets 164,095,670.34 110,283,291.78
Other non-current assets 2,941,142.24 3,005,279.67
Total non-current assets 1,847,801,206.14 1,790,149,641.10
Total assets 12,112,571,754.37 11,884,156,879.31
Current liabilities
Short-term borrowing 6,076,177.30 6,076,177.30
Trading financial liabilities
Derivative financial liabilities
Notes payable 802,340,567.91 706,096,531.24
Accounts payable 1,437,590,135.87 1,643,087,806.83
Advance from customers
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Contract liabilities 914,817,476.15 863,047,926.93
Payroll payable 8,867,055.84 102,753,699.88
Tax payable 196,296,786.59 170,747,570.08
Other payables 237,937,278.08 225,015,032.38
Including: Interest payable
Dividends payable
Liabilities held for sales
Non-current liabilities due within a year
Other current liabilities 112,014,819.48 115,284,778.08
Total current liabilities 3,715,940,297.22 3,832,109,522.72
Non-current liabilities:
Long-term borrowing
Bonds payable
Including: preferred stock
Perpetual bond
Lease liabilities
Long-term payable
Long-term payroll payable
Estimated liabilities
Deferred income 116,702,502.53 121,306,538.90
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 116,702,502.53 121,306,538.90
Total liabilities 3,832,642,799.75 3,953,416,061.62
Owner's equity:
Capital stock 949,024,050.00 949,024,050.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital reserve 401,754,349.66 401,754,349.66
Minus: treasury stock
Other comprehensive income -15,157,634.16 -15,157,634.16
Special reserve
Surplus reserves 474,516,412.50 474,516,412.50
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Undistributed profit 6,469,791,776.62 6,120,603,639.69
Total owners' equities 8,279,928,954.62 7,930,740,817.69
Total liabilities and owners' equities 12,112,571,754.37 11,884,156,879.31
3. Consolidated Statement of Income
Unit: yuan
Amount incurred in current
Item Amount incurred in previous period
period
I. Total operating income 1,908,332,042.49 1,265,689,550.31
Including: Operating income 1,908,332,042.49 1,265,689,550.31
Interest revenue
Premium earned
Fee and commission income
II. Total operating costs 1,543,621,310.18 1,042,865,376.79
Including: Operating costs 814,110,436.09 550,300,620.23
Interest expenditure
Fee and commission expense
Surrender value
Net payments for insurance claims
Net reserve fund extracted for
insurance contracts
Bond insurance expense
Reinsurance costs
Taxes and surcharges 13,074,563.80 8,597,000.54
Selling expenses 614,529,598.27 411,997,413.43
Management costs 69,656,128.89 50,456,739.21
Research and development cost 58,442,093.60 45,642,801.87
Financial expenses -26,191,510.47 -24,129,198.49
Including: interest expenditure
Interest revenue 24,358,320.45 23,513,325.52
Plus: other incomes 47,513,900.41 64,975,635.42
Income from investment (loss
15,249,786.30 7,496,856.68
expressed with “-”)
Including: Income from investment of
-812,165.09 -1,513,281.46
joint venture and cooperative enterprise
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Income from derecognition of
financial assets measured at amortized cost
Exchange gain (loss expressed with
“-”)
Net exposure hedging gain (loss
expressed with “-”)
Income from fair value changes (loss
expressed with “-”)
Credit impairment losses (loss
3,418,677.20 -4,176,895.96
expressed with “-”)
Assets impairment losses (loss
expressed with “-”)
Income from disposal of assets (loss
-1,831,792.95
expressed with “-”)
III. Operating profits (loss expressed with “-”) 429,061,303.27 291,119,769.66
Plus: Non-operating income 348,968.29 135,941.57
Minus: Non-operating expenditure 1,142,688.37 1,114,628.65
IV. Total profits (total loss expressed with “-”) 428,267,583.19 290,141,082.58
Minus: income tax expenses 65,694,372.94 43,351,740.66
V. Net profits (net loss expressed with “-”) 362,573,210.25 246,789,341.92
(I) Classification by business continuity
1. Net profits from ongoing operation (net
362,573,210.25 246,789,341.92
loss expressed with “-”)
2. Net profits from discontinuing operation
(net loss expressed with “-”)
(II) Classified by ownership
1. Net owners' profits attributable to the
358,828,585.88 245,010,424.02
shareholders of the parent company
2. Minority interest income 3,744,624.37 1,778,917.90
VI. Net of tax of other comprehensive income
Net amount of after-tax other comprehensive
income attributable to the owners of the parent
company
(I) Other comprehensive income that can't
be reclassified into profit and loss
1. Remeasure the variation of net
indebtedness or net asset of defined benefit plan
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2. Other comprehensive income
that can't be reclassified into profit and loss in
the invested enterprise under equity method
3. Fair value change of other equity
instrument investments
4. Fair value change of enterprise
credit risks
5. Other
(II) Other comprehensive income that will
be reclassified into profit and loss
1. Other comprehensive income
that will be reclassified into profit and loss in
the invested enterprise under equity method
2. Fair value change of other debt
investments
3. Amount of financial assets
reclassified into other comprehensive income
4. Provision for credit impairment
of other debt investments
5. Cash flow hedging reserve
6. Translation reserve
7. Other
Net of tax of other comprehensive income
attributable to the minority shareholders
VII. Total comprehensive income 362,573,210.25 246,789,341.92
Total comprehensive income belonging to
358,828,585.88 245,010,424.02
parent company
Total comprehensive income belonging to
3,744,624.37 1,778,917.90
minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.38 0.26
(II) Diluted earnings per share 0.38 0.26
In case of business combination involving enterprises under common control in this period, the net profits achieved by the combined
enterprise before combination were RMB and achieved by the combined enterprise in previous period were RMB .
Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting institution: Zhang
Guofu
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4. Income statement of parent company
Unit: yuan
Amount incurred in current
Item Amount incurred in previous period
period
I. Operating income 1,732,321,789.16 1,181,482,077.84
Minus: operating costs 745,408,699.72 515,036,964.64
Taxes and surcharges 11,692,932.17 7,607,838.95
Selling expenses 545,268,146.05 378,366,771.01
Management costs 46,859,617.45 34,320,467.55
Research and development cost 55,510,149.85 43,836,299.13
Financial expenses -25,051,061.84 -24,017,455.42
Including: interest expenditure
Interest revenue 24,210,431.93 23,356,753.00
Plus: other incomes 44,577,058.56 60,984,341.53
Income from investment (loss
14,810,104.22 3,990,466.27
expressed with “-”)
Including: Income from investment of
-812,165.09 -1,513,281.46
joint venture and cooperative enterprise
Income from derecognition of
financial assets measured at amortized cost
(loss expressed with “-”)
Net exposure hedging gain (loss
expressed with “-”)
Income from fair value changes (loss
expressed with “-”)
Credit impairment losses (loss
1,796,773.22 -2,687,972.28
expressed with “-”)
Assets impairment losses (loss
expressed with “-”)
Income from disposal of assets (loss
-1,869,271.53
expressed with “-”)
II. Operating profit (loss to be filled out with
411,947,970.23 288,618,027.50
the minus sign "-")
Plus: Non-operating income 258,973.24 124,434.66
Minus: Non-operating expenditure 1,030,215.67 1,054,495.98
III. Total profit (total loss to be filled out with 411,176,727.80 287,687,966.18
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the minus sign "-")
Minus: income tax expenses 61,988,590.87 43,511,101.79
IV. Net profit (net loss to be filled out with the
349,188,136.93 244,176,864.39
minus sign "-")
(I) Net profits from going concern (net
349,188,136.93 244,176,864.39
loss expressed with “-”)
(II) Net profits from discontinuing
operation (net loss expressed with “-”)
V. Net amount of other comprehensive income
after tax
(I) Other comprehensive income that can't
be reclassified into profit and loss
1. Remeasure the variation of net
indebtedness or net asset of defined benefit plan
2. Other comprehensive income
that can't be reclassified into profit and loss in
the invested enterprise under equity method
3. Fair value change of other equity
instrument investments
4. Fair value change of enterprise
credit risks
5. Other
(II) Other comprehensive income that will
be reclassified into profit and loss
1. Other comprehensive income
that will be reclassified into profit and loss in
the invested enterprise under equity method
2. Fair value change of other debt
investments
3. Amount of financial assets
reclassified into other comprehensive income
4. Provision for credit impairment
of other debt investments
5. Cash flow hedging reserve
6. Translation reserve
7. Other
Ⅵ. Total comprehensive income 349,188,136.93 244,176,864.39
Ⅶ. Earnings per share:
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(I) Basic earnings per share
(II) Diluted earnings per share
5. Consolidated Statement of Cash Flow
Unit: yuan
Item Amount incurred in current period Amount incurred in previous period
I. Cash flow from financing activities:
Cash from selling commodities or
2,169,898,160.33 1,172,850,208.54
offering labor
Net increase of customer deposit and
deposit from other banks
Net increase of borrowings from
central bank
Net increase of borrowing funds from
other financial institutions
Cash from obtaining original insurance
contract premium
Cash received from insurance
premium of original insurance contract
Net increase of deposit and investment
of insured
Cash from interest, handling charges
and commissions
Net increase of borrowing funds
Net increase of repurchase of business
funds
Net cash from acting trading securities
Refund of tax and levies 2,874.62
Other cash received related to
79,218,797.20 90,996,539.87
operating activities
Subtotal cash inflows from operating
2,249,116,957.53 1,263,849,623.03
activities
Cash paid for selling commodities or
1,098,274,183.01 860,082,474.03
offering labor
Net increase of customer loans and
advances
Net increase of amount due from
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central bank and interbank
Cash paid for original insurance
contract claims payment
Net increase of lending funds
Cash paid for interest, handling
charges and commissions
Cash paid for policy dividend
Cash paid to and for employees 244,294,780.46 208,672,210.13
Taxes and fees paid 205,079,543.78 125,152,278.06
Other cash paid related to operating
555,669,799.44 314,660,992.17
activities
Subtotal cash outflows from operating
2,103,318,306.69 1,508,567,954.39
activities
Net cash flow from operating activities 145,798,650.84 -244,718,331.36
II. Cash flow from investment activities:
Cash from investment withdrawal 629,000,000.00 410,000,000.00
Cash from investment income 16,523,049.30 21,341,703.75
Net cash from disposal of fixed assets,
1,316,562.40
intangible assets and other long-term assets
Net cash from disposal of subsidiaries
and other business units
Other cash received related to
investment activities
Subtotal cash inflows from investment
646,839,611.70 431,341,703.75
activities
Cash paid for purchase of fixed assets,
80,863,665.71 44,099,181.67
intangible assets and other long-term assets
Cash paid for investment 502,000,000.00 290,000,000.00
Net increase in hypothecated loan
Net cash paid for obtaining
subsidiaries and other business units
Other cash paid related to investment
activities
Subtotal cash outflows from investment
582,863,665.71 334,099,181.67
activities
Net cash flow from investment activities 63,975,945.99 97,242,522.08
III. Cash flow from financing activities:
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Receipts from equity securities 550,000.00
Including: Cash received from
subsidies’ absorption of minority 550,000.00
shareholders’ investment
Cash from borrowings
Other cash received related to
financing activities
Subtotal cash inflows from financing
550,000.00
activities
Cash repayments of amounts borrowed
Cash paid for distribution of
dividends, profits or interest expenses
Including: dividends and profits paid
by subsidiaries to minority shareholders
Other cash paid related to financing
activities
Subtotal cash outflows from financing
activities
Net cash flow from financing activities 550,000.00
IV. Impact of exchange rate movements on
257,034.19 559,026.29
cash and cash equivalents
V. Net increase of cash and cash equivalents 210,581,631.02 -146,916,782.99
Plus: Balance of cash and cash
3,886,096,513.56 4,029,296,265.50
equivalents at the beginning of the period
VI. Balance of cash and cash equivalents at
4,096,678,144.58 3,882,379,482.51
the end of the period
6. Cash flow statement of parent company
Unit: yuan
Item Amount incurred in current period Amount incurred in previous period
I. Cash flow from financing activities:
Cash from selling commodities or
1,986,744,939.69 1,132,547,167.71
offering labor
Refund of tax and levies
Other cash received related to operating
68,182,268.16 81,685,212.76
activities
Subtotal cash inflows from operating 2,054,927,207.85 1,214,232,380.47
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activities
Cash paid for selling commodities or
1,040,815,058.70 849,183,540.54
offering labor
Cash paid to and for employees 195,837,840.41 168,160,457.31
Taxes and fees paid 186,579,814.26 112,089,484.74
Other cash paid related to operating
472,719,418.71 275,423,429.67
activities
Subtotal cash outflows from operating
1,895,952,132.08 1,404,856,912.26
activities
Net cash flow from operating activities 158,975,075.77 -190,624,531.79
II. Cash flow from investment activities:
Cash from investment withdrawal 500,000,000.00 300,000,000.00
Cash from investment income 16,056,986.29 20,129,011.97
Net cash from disposal of fixed assets,
1,266,582.40
intangible assets and other long-term assets
Net cash from disposal of subsidiaries
and other business units
Other cash received related to
investment activities
Subtotal cash inflows from investment
517,323,568.69 320,129,011.97
activities
Cash paid for purchase of fixed assets,
71,167,272.42 43,273,878.67
intangible assets and other long-term assets
Cash paid for investment 300,000,000.00 200,000,000.00
Net cash paid for obtaining subsidiaries
and other business units
Other cash paid related to investment
activities
Subtotal cash outflows from investment
371,167,272.42 243,273,878.67
activities
Net cash flow from investment activities 146,156,296.27 76,855,133.30
III. Cash flow from financing activities:
Receipts from equity securities
Cash from borrowings
Other cash received related to financing
activities
Subtotal cash inflows from financing
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activities
Cash repayments of amounts borrowed
Cash paid for distribution of dividends,
profits or interest expenses
Other cash paid related to financing
activities
Subtotal cash outflows from financing
activities
Net cash flow from financing activities
IV. Impact of exchange rate movements on
257,146.96 559,028.63
cash and cash equivalents
V. Net increase of cash and cash equivalents 305,388,519.00 -113,210,369.86
Plus: Balance of cash and cash
3,627,178,859.95 3,951,074,513.16
equivalents at the beginning of the period
VI. Balance of cash and cash equivalents at
3,932,567,378.95 3,837,864,143.30
the end of the period
II. Statement of Adjustments to Financial Statements
1. Adjustment of relevant items in financial statements at the beginning of implementation year as a result
of first implementation of new lease standards from 2021
√Applicable □ Not applicable
Whether to adjust the balance sheet items at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
Unit: yuan
Item December 31, 2020 January 01, 2021 Adjusted figure
Right-of-use assets 15,374,577.46 15,374,577.46
Total non-current assets 1,830,342,272.21 1,845,716,850.00 15,374,577.46
Total assets 12,457,568,276.25 12,472,942,854.00 15,374,577.46
Lease liabilities 15,374,577.46 15,374,577.46
Total non-current liabilities 155,374,283.64 170,748,861.10 15,374,577.46
Total liabilities 4,263,789,047.61 4,279,163,625.00 15,374,577.46
2. Retrospective adjustment of early comparative data description as a result of first implementation of new
lease standards from 2021
□ Applicable √ Not applicable
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III. Audit Report
Whether the first quarterly report has been audited？
□ Yes √ No
The first quarterly report of the Company has not been audited.
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