承德南江股份有限公司 2017 年第一季度报告全文 Chengde Nanjiang Co., Ltd. First Quarterly Report 2017 April 2017 1 承德南江股份有限公司 2017 年第一季度报告全文 Section I. Important Notes Board of Directors and the Supervisory Committee of Chengde Nanjiang Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint. All Directors are attended the Board Meeting for Quarterly Report deliberation. Zhao Yongsheng, Person in charge of the Company, Zhao Yongsheng, person in charger of accounting works and Liu Guofeng, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete. 2 承德南江股份有限公司 2017 年第一季度报告全文 Section II. Company Information I. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not □ Yes √No Changes of this period over Current Period Same period of last year same period of last year Operating income (RMB) 87,228,836.17 46,379,194.49 88.08% Net profit attributable to shareholders of 574,010.77 1,078,731.20 -46.79% the listed company(RMB) Net profit attributable to shareholders of the listed company after deducting 558,913.81 1,147,902.15 -51.31% non-recurring gains and losses(RMB) Net cash flow arising from operating 27,058,484.62 30,707,074.03 -11.88% activities(RMB) Basic earnings per share (RMB/Share) 0.001 0.002 -50.00% Diluted earnings per share (RMB/Share) 0.001 0.002 -50.00% Weighted average ROE (%) 0.16% 0.31% -0.15% Changes of this period-end At the end of the reporting At the end of last year over same period-end of last period year Total assets (RMB) 555,005,579.60 626,756,827.34 -11.45% Net assets attributable to shareholder of 360,400,461.76 359,826,450.98 0.16% listed company (RMB) Items of non-recurring gains and losses √ Applicable □ Not applicable In RMB Amount from year-begin to Item Note period-end Other non-operating income and expenditure except for the 15,096.97 aforementioned items Total 15,096.97 -- Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons □ Applicable √ Not applicable 3 承德南江股份有限公司 2017 年第一季度报告全文 In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss II. Total number of shareholders at the end of this report period and top ten shareholders 1. Number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders In shares Total preference shareholders Total number of common with voting rights recovered at shareholders at the end of report 19,555 0 end of reporting period (if period applicable) Top ten shareholders Amount of Number of share pledged/frozen Shareholder’s Nature of Proportion of Amount of shares non-tradable name shareholder shares held held State of share Amount shares held Domestic natural Wang Dong 29.49% 208,324,800 208,324,800 Frozen 208,324,800 person China Everbright Overseas legal Securities (HK) 13.28% 93,833,093 0 person Limited GUOTAI JUNAN Overseas legal SECURITIES(H 6.87% 48,524,062 0 person ONGKONG) LIMITED Chengde North Domestic Industrial non-state-owned 2.62% 18,517,651 18,517,651 Corporation legal person Domestic natural Wang Zhengsong 1.89% 13,327,891 13,327,891 person Domestic natural Wang Wensheng 1.03% 7,258,007 0 person Domestic natural Zhou Haihong 0.95% 6,708,495 0 person Domestic natural Li Tianyun 0.73% 5,158,000 0 person Shenwan Hongyuan Overseas legal 0.71% 4,995,920 0 Securities (H.K.) person Co., Ltd. 4 承德南江股份有限公司 2017 年第一季度报告全文 Domestic natural Chen Yan 0.57% 4,023,256 0 person Top ten shareholders with tradable shares held Type of shares Shareholder’s name Amount of tradable shares held Type Amount Domestically China Everbright Securities (HK) 93,833,093 listed foreign 93,833,093 Limited shares GUOTAI JUNAN Domestically SECURITIES(HONGKONG) 48,524,062 listed foreign 48,524,062 LIMITED shares Domestically Wang Wensheng 7,258,007 listed foreign 7,258,007 shares Domestically Zhou Haihong 6,708,495 listed foreign 6,708,495 shares Domestically Li Tianyun 5,158,000 listed foreign 5,158,000 shares Domestically Shenwan Hongyuan Securities 4,995,920 listed foreign 4,995,920 (H.K.) Co., Ltd. shares Domestically Chen Yan 4,023,256 listed foreign 4,023,256 shares Domestically Zhao Ziying 3,286,616 listed foreign 3,286,616 shares VANGUARD TOTAL Domestically INTERNATIONAL STOCK INDEX 3,182,875 listed foreign 3,182,875 FUND shares Domestically Peng Wei 2,978,525 listed foreign 2,978,525 shares Explanation on associated The Company is unknown whether there exists associated relationship or belongs to relationship among the aforesaid consistent actor regulated by “management method for acquisition of listed company” among shareholders the above said shareholders. Explanation on top ten shareholders N/A involving margin business (if 5 承德南江股份有限公司 2017 年第一季度报告全文 applicable) Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period □ Yes √ No The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period. 2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held □ Applicable √ Not applicable 6 承德南江股份有限公司 2017 年第一季度报告全文 Section III. Significant Events I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons √Applicable □Not applicable Changes Opening Serial Item Ending balance Amount Reasons balance Ratio changed changed 1 advanced payment 18,259.96 18,250,328.13 -18,232,068.17 -99.90% advanced payment return in the period 2 Other current assets 10,412,747.92 19,177,045.07 -8,764,297.15 -45.70% Taxes paid in advance are carry forward to gain/loss 3 Account payable 9,022,489.62 12,889,329.86 -3,866,840.24 -30.00% Settlement of payables in the period 4 Account received in 176,713,205.38 243,917,918.70 -67,204,713.32 -27.55% The money received in advance for advance house are carry forward to income in the period 5 Operation venue 87,228,836.17 46,379,194.49 40,849,641.68 88.08% The real estate project carry forward to income in the period 6 Operation cost 75,306,291.18 36,430,367.17 38,875,924.01 106.71% The real estate project carry forward to income in the period 7 Business tax and 6,626,909.61 2,726,869.98 3,900,039.63 143.02% The real estate project carry forward surcharg to income in the period 8 Net cash flow from -772,124.20 -26,108,450.99 25,336,326.79 -97.04% Investment expenditure decreased investment activities in the period II. Analysis and explanation of significant events and their influence and solutions □ Applicable √ Not applicable III. Commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period □ Applicable √ Not applicable Nil IV. Predict of the business performance from January to June 2017 Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be loss or have great changes comparing with the same period of last year □Applicable √Not applicable 7 承德南江股份有限公司 2017 年第一季度报告全文 V. Securities Investment □ Applicable √ Not applicable No security investment in Period. VI. Derivative investment □ Applicable √ Not applicable No derivative investment in the Period. VII. Registration form for receiving research, communication and interview in the report period √ Applicable □ Not applicable Time Way Type Basic situation index of investigation Progress of the suspension of the 2017-01-24 Telephone communication Individual Company, no materials required Current condition of the Company, no 2017-02-20 Telephone communication Individual materials required Operation of the Company, no materials 2017-03-21 Telephone communication Individual required VIII. Guarantee outside against the regulation □Applicable √Not applicable The Company had no guarantee outside against the regulation in the reporting period. IX. Non-operational fund occupation from controlling shareholders and its related party □ Applicable √ Not applicable The Company had no non-operational fund occupation form controlling shareholders and its related party in the period. 8 承德南江股份有限公司 2017 年第一季度报告全文 Section IV. Financial statement I. Financial statement 1. Consolidated balance sheet Prepared by Chengde Nanjiang Co., Ltd. 2017-03-31 In RMB Item Closing balance Opening balance Current assets: Monetary funds 159,256,522.65 132,970,162.23 Settlement provisions Capital lent Financial assets measured by fair value and with variation reckoned into current gains/losses Derivative financial assets Notes receivable Accounts receivable 359,739.15 77,884.75 Accounts paid in advance 18,259.96 18,250,328.13 Insurance receivable Reinsurance receivables Contract reserve of reinsurance receivable Interest receivable Dividend receivable Other receivables 67,338,165.30 67,805,513.40 Purchase restituted finance asset Inventories 270,474,578.34 341,740,059.14 Divided into assets held for sale Non-current asset due within one 333,716.08 333,716.08 year Other current assets 10,412,747.92 19,177,045.07 Total current assets 508,193,729.40 580,354,708.80 Non-current assets: Loans and payments on behalf Finance asset available for sales 22,784,131.93 22,784,131.93 9 承德南江股份有限公司 2017 年第一季度报告全文 Held-to-maturity investment Long-term account receivable Long-term equity investment 1,022,730.46 1,022,730.46 Investment property 4,803,013.69 4,831,153.75 Fixed assets 14,977,941.11 14,980,260.33 Construction in progress Engineering material Disposal of fixed asset Productive biological asset 25,188.06 42,133.76 Oil and gas asset Intangible assets 1,065,697.56 1,073,407.21 Expense on Research and 1,212,000.10 641,604.82 Development Goodwill Long-term expenses to be 145,501.88 160,010.87 apportioned Deferred income tax asset 775,645.41 775,645.41 Other non-current asset 91,040.00 Total non-current asset 46,811,850.20 46,402,118.54 Total assets 555,005,579.60 626,756,827.34 Current liabilities: Short-term loans Loan from central bank Absorbing deposit and interbank deposit Capital borrowed Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial liability Notes payable Accounts payable 9,022,489.62 12,889,329.86 Accounts received in advance 176,713,205.38 243,917,918.70 Selling financial asset of repurchase Commission charge and commission payable Wage payable 210,030.31 1,937,682.44 10 承德南江股份有限公司 2017 年第一季度报告全文 Taxes payable 643,666.54 1,359,022.01 Interest payable Dividend payable Other accounts payable 5,727,871.52 4,476,864.40 Reinsurance payables Insurance contract reserve Security trading of agency Security sales of agency Divided into liability held for sale Non-current liabilities due within 1 year Other current liabilities Total current liabilities 192,317,263.37 264,580,817.41 Non-current liabilities: Long-term loans Bonds payable Including: preferred stock Perpetual capital securities Long-term account payable Long-term wages payable Special accounts payable Projected liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities 192,317,263.37 264,580,817.41 Owner’s equity: Share capital 706,320,000.00 706,320,000.00 Other equity instrument Including: preferred stock Perpetual capital securities Capital public reserve 463,681,309.55 463,681,309.55 Less: Inventory shares 11 承德南江股份有限公司 2017 年第一季度报告全文 Other comprehensive income Reasonable reserve Surplus public reserve 76,791,550.17 76,791,550.17 Provision of general risk Retained profit -886,392,397.96 -886,966,408.74 Total owner’s equity attributable to 360,400,461.76 359,826,450.98 parent company Minority interests 2,287,854.47 2,349,558.95 Total owner’s equity 362,688,316.23 362,176,009.93 Total liabilities and owner’s equity 555,005,579.60 626,756,827.34 Legal representative: Zhao Yongsheng Person in charger of accounting works: Zhao Yongsheng Person in charger of accounting organ: Liu Fengguo 2. Balance Sheet of Parent Company In RMB Item Closing balance Opening balance Current assets: Monetary funds 18,188,844.99 69,381,131.38 Financial assets measured by fair value and with variation reckoned into current gains/losses Derivative financial assets Notes receivable Accounts receivable 281,854.40 Account paid in advance 5,000.33 18,240,099.06 Interest receivable Dividends receivable Other receivables 26,986,898.03 23,582,767.33 Inventories 270,351,607.33 341,419,337.97 Divided into assets held for sale Non-current assets maturing within one year Other current assets 9,064,825.29 18,152,929.82 Total current assets 324,879,030.37 470,776,265.56 Non-current assets: 12 承德南江股份有限公司 2017 年第一季度报告全文 Available-for-sale financial assets 22,784,131.93 22,784,131.93 Held-to-maturity investments Long-term receivables Long-term equity investments 178,114,466.37 178,114,466.37 Investment property Fixed assets 2,037,413.65 2,100,122.12 Construction in progress Project materials Disposal of fixed assets Productive biological assets Oil and natural gas assets Intangible assets Research and development costs Goodwill Long-term deferred expenses 130,314.38 142,798.37 Deferred income tax assets 750.00 750.00 Other non-current assets Total non-current assets 203,067,076.33 203,142,268.79 Total assets 527,946,106.70 673,918,534.35 Current liabilities: Short-term borrowings Financial liability measured by fair value and with variation reckoned into current gains/losses Derivative financial liability Notes payable Accounts payable 8,750,000.17 12,777,756.02 Accounts received in advance 176,509,384.04 242,747,445.35 Wage payable 398.22 576,458.22 Taxes payable 642,065.30 1,340,388.72 Interest payable Dividend payable Other accounts payable 160,336,256.78 237,841,253.38 Divided into liability held for sale 13 承德南江股份有限公司 2017 年第一季度报告全文 Non-current liabilities due within 1 year Other current liabilities Total current liabilities 346,238,104.51 495,283,301.69 Non-current liabilities: Long-term loans Bonds payable Including: preferred stock Perpetual capital securities Long-term account payable Long-term wages payable Special accounts payable Projected liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities 346,238,104.51 495,283,301.69 Owners’ equity: Share capita 706,320,000.00 706,320,000.00 Other equity instrument Including: preferred stock Perpetual capital securities Capital public reserve 456,569,124.55 456,569,124.55 Less: Inventory shares Other comprehensive income Reasonable reserve Surplus reserve 76,791,550.17 76,791,550.17 Retained profit -1,057,972,672.53 -1,061,045,442.06 Total owner’s equity 181,708,002.19 178,635,232.66 Total liabilities and owner’s equity 527,946,106.70 673,918,534.35 14 承德南江股份有限公司 2017 年第一季度报告全文 3. Consolidated Profit Statement In RMB Item Current Period Last Period I. Total operating income 87,228,836.17 46,379,194.49 Including: Operating income 87,228,836.17 46,379,194.49 Interest income Insurance gained Commission charge and commission income II. Total operating cost 86,731,626.84 45,819,626.10 Including: Operating cost 75,306,291.18 36,430,367.17 Interest expense Commission charge and commission expense Cash surrender value Net amount of expense of compensation Net amount of withdrawal of insurance contract reserve Bonus expense of guarantee slip Reinsurance expense Taxes and surcharge 6,626,909.61 2,726,869.98 Sales expenses 140,899.82 282,787.51 Administration expenses 5,303,586.75 6,413,012.54 Financial expenses -645,462.53 -33,411.10 Losses of devaluation of asset -597.99 Add: Changing income of fair value(Loss is listed with “-”) Investment income (Loss is listed with “-”) Including: Investment income on affiliated company and joint venture Exchange income (Loss is listed with “-”) III. Operating profit (Loss is listed with 497,209.33 559,568.39 “-”) 15 承德南江股份有限公司 2017 年第一季度报告全文 Add: Non-operating income 2,613.40 60,482.07 Including: Disposal gains of non-current asset Less: Non-operating expense -12,483.57 129,653.02 Including: Disposal loss of non-current asset IV. Total Profit (Loss is listed with “-”) 512,306.30 490,397.44 Less: Income tax expense 3,750.00 V. Net profit (Net loss is listed with “-”) 512,306.30 486,647.44 Net profit attributable to owner’s of 574,010.78 1,078,731.20 parent company Minority shareholders’ gains and -61,704.48 -592,083.76 losses VI. Net after-tax of other comprehensive income Net after-tax of other comprehensive income attributable to owners of parent company (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss 1. Changes as a result of re-measurement of net defined benefit plan liability or asset 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss (II) Other comprehensive income items which will be reclassified subsequently to profit or loss 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss 2. Gains or losses arising from changes in fair value of available-for-sale financial assets 16 承德南江股份有限公司 2017 年第一季度报告全文 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments 5. Translation differences arising on translation of foreign currency financial statements 6. Other Net after-tax of other comprehensive income attributable to minority shareholders VII. Total comprehensive income 512,306.30 486,647.44 Total comprehensive income 574,010.78 1,078,731.20 attributable to owners of parent Company Total comprehensive income -61,704.48 -592,083.76 attributable to minority shareholders VIII. Earnings per share: (i) Basic earnings per share 0.001 0.002 (ii) Diluted earnings per share 0.001 0.002 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party Legal representative: Zhao Yongsheng Person in charger of accounting works: Zhao Yongsheng Person in charger of accounting organ: Liu Fengguo 4. Profit Statement of Parent Company In RMB Item Current Period Last Period I. Operating income 85,948,527.38 35,691,817.41 Less: Operating cost 73,068,573.47 26,749,014.87 Taxes and surcharge 6,625,516.51 2,610,025.31 Sales expenses 26,780.00 94,575.00 Administration expenses 3,160,988.26 3,949,373.25 Financial expenses -8,100.39 -11,544.07 Losses of devaluation of asset 17 承德南江股份有限公司 2017 年第一季度报告全文 Add: Changing income of fair value(Loss is listed with “-”) Investment income (Loss is listed with “-”) Including: Investment income on affiliated company and joint venture II. Operating profit (Loss is listed 3,074,769.53 2,300,373.05 with “-”) Add: Non-operating income Including: Disposal gains of non-current asset Less: Non-operating expense 2,000.00 6,440.00 Including: Disposal loss of non-current asset III. Total Profit (Loss is listed with 3,072,769.53 2,293,933.05 “-”) Less: Income tax expense IV. Net profit (Net loss is listed with 3,072,769.53 2,293,933.05 “-”) V. Net after-tax of other comprehensive income (I) Other comprehensive income items which will not be reclassified subsequently to profit of loss 1. Changes as a result of re-measurement of net defined benefit plan liability or asset 2. Share of the other comprehensive income of the investee accounted for using equity method which will not be reclassified subsequently to profit and loss (II) Other comprehensive income items which will be reclassified subsequently to profit or loss 1. Share of the other comprehensive income of the investee accounted for using equity method which will be reclassified subsequently to profit or loss 18 承德南江股份有限公司 2017 年第一季度报告全文 2. Gains or losses arising from changes in fair value of available-for-sale financial assets 3. Gains or losses arising from reclassification of held-to-maturity investment as available-for-sale financial assets 4. The effect hedging portion of gains or losses arising from cash flow hedging instruments 5. Translation differences arising on translation of foreign currency financial statements 6. Other VI. Total comprehensive income 3,072,769.53 2,293,933.05 VII. Earnings per share: (i) Basic earnings per share (ii) Diluted earnings per share 5. Consolidated Cash Flow Statement In RMB Item Current Period Last Period I. Cash flows arising from operating activities: Cash received from selling commodities and providing labor 22,573,446.12 71,490,509.55 services Net increase of customer deposit and interbank deposit Net increase of loan from central bank Net increase of capital borrowed from other financial institution Cash received from original insurance contract fee Net cash received from reinsurance business Net increase of insured savings and 19 承德南江股份有限公司 2017 年第一季度报告全文 investment Net increase of amount from disposal financial assets that measured by fair value and with variation reckoned into current gains/losses Cash received from interest, commission charge and commission Net increase of capital borrowed Net increase of returned business capital Write-back of tax received Other cash received concerning 5,760,907.99 2,612,164.23 operating activities Subtotal of cash inflow arising from 28,334,354.11 74,102,673.78 operating activities Cash paid for purchasing commodities and receiving labor -13,541,204.96 27,337,527.31 service Net increase of customer loans and advances Net increase of deposits in central bank and interbank Cash paid for original insurance contract compensation Cash paid for interest, commission charge and commission Cash paid for bonus of guarantee slip Cash paid to/for staff and workers 4,893,377.36 4,056,345.64 Taxes paid 3,139,772.45 2,729,508.05 Other cash paid concerning 6,783,924.64 9,272,218.75 operating activities Subtotal of cash outflow arising from 1,275,869.49 43,395,599.75 operating activities Net cash flows arising from operating 27,058,484.62 30,707,074.03 activities II. Cash flows arising from investing activities: Cash received from recovering 20 承德南江股份有限公司 2017 年第一季度报告全文 investment Cash received from investment income Net cash received from disposal of fixed, intangible and other long-term assets Net cash received from disposal of subsidiaries and other units Other cash received concerning investing activities Subtotal of cash inflow from investing activities Cash paid for purchasing fixed, 772,124.20 1,108,450.99 intangible and other long-term assets Cash paid for investment 25,000,000.00 Net increase of mortgaged loans Net cash received from subsidiaries and other units obtained Other cash paid concerning investing activities Subtotal of cash outflow from investing 772,124.20 26,108,450.99 activities Net cash flows arising from investing -772,124.20 -26,108,450.99 activities III. Cash flows arising from financing activities Cash received from absorbing investment Including: Cash received from absorbing minority shareholders’ investment by subsidiaries Cash received from loans Cash received from issuing bonds Other cash received concerning 753,264.46 financing activities Subtotal of cash inflow from financing 753,264.46 activities Cash paid for settling debts 21 承德南江股份有限公司 2017 年第一季度报告全文 Cash paid for dividend and profit distributing or interest paying Including: Dividend and profit of minority shareholder paid by subsidiaries Other cash paid concerning 122,400.00 484,000.00 financing activities Subtotal of cash outflow from 122,400.00 484,000.00 financing activities Net cash flows arising from financing -122,400.00 269,264.46 activities IV. Influence on cash and cash equivalents due to fluctuation in exchange rate V. Net increase of cash and cash 26,163,960.42 4,867,887.50 equivalents Add: Balance of cash and cash 126,970,834.83 84,543,677.45 equivalents at the period -begin VI. Balance of cash and cash 153,134,795.25 89,411,564.95 equivalents at the period -end 6. Cash Flow Statement of Parent Company In RMB Item Current Period Last Period I. Cash flows arising from operating activities: Cash received from selling commodities and providing labor 22,272,679.92 59,191,631.16 services Write-back of tax received Other cash received concerning 1,299,191.96 11,928,121.37 operating activities Subtotal of cash inflow arising from 23,571,871.88 71,119,752.53 operating activities Cash paid for purchasing commodities and receiving labor -15,625,382.05 17,397,043.73 service Cash paid to/for staff and workers 1,813,295.43 2,923,416.78 22 承德南江股份有限公司 2017 年第一季度报告全文 Taxes paid 2,897,506.76 2,727,254.44 Other cash paid concerning 85,671,539.13 19,361,708.12 operating activities Subtotal of cash outflow arising from 74,756,959.27 42,409,423.07 operating activities Net cash flows arising from operating -51,185,087.39 28,710,329.46 activities II. Cash flows arising from investing activities: Cash received from recovering investment Cash received from investment income Net cash received from disposal of fixed, intangible and other long-term assets Net cash received from disposal of subsidiaries and other units Other cash received concerning investing activities Subtotal of cash inflow from investing activities Cash paid for purchasing fixed, 7,199.00 10,788.00 intangible and other long-term assets Cash paid for investment 25,000,000.00 Net cash received from subsidiaries and other units Other cash paid concerning investing activities Subtotal of cash outflow from investing 7,199.00 25,010,788.00 activities Net cash flows arising from investing -7,199.00 -25,010,788.00 activities III. Cash flows arising from financing activities Cash received from absorbing investment Cash received from loans 23 承德南江股份有限公司 2017 年第一季度报告全文 Cash received from issuing bonds Other cash received concerning financing activities Subtotal of cash inflow from financing activities Cash paid for settling debts Cash paid for dividend and profit distributing or interest paying Other cash paid concerning 122,400.00 484,000.00 financing activities Subtotal of cash outflow from 122,400.00 484,000.00 financing activities Net cash flows arising from financing -122,400.00 -484,000.00 activities IV. Influence on cash and cash equivalents due to fluctuation in exchange rate V. Net increase of cash and cash -51,314,686.39 3,215,541.46 equivalents Add: Balance of cash and cash 63,381,803.98 22,671,791.13 equivalents at the period -begin VI. Balance of cash and cash 12,067,117.59 25,887,332.59 equivalents at the period -end II. Audit report Whether the first quarterly report had been audited or not □ Yes √ No The first quarterly report of the Company had not been audited. 24