Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
GUANGDONG RIEYS GROUP COMPANY LTD.
Report for the Third Quarter of 2014
October 2014
1
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Guangdong Rieys Group Company Ltd. (hereinafter referred to as “the Company”) warrant that this report
is factual, accurate and complete without any false record, misleading statement or material omission. And they
shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Mr. Chen Hongcheng, company principal, Mr. Chen Jincai, chief of the accounting work, and Mr. Zheng Guangde,
chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this
report is factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 437,046,630.85 487,217,084.43 -10.30%
Net assets attributable to
shareholders of the Company 366,944,486.96 362,500,175.66 1.23%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2014 Jan.-Sept. 2014
(%) (%)
Operating revenues (RMB Yuan) 16,481,581.33 -48.09% 73,054,628.68 -45.13%
Net profit attributable to
shareholders of the Company 256,283.25 -76.96% 4,444,311.30 -46.43%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
256,283.25 -77.23% 4,693,963.65 -45.19%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- -55,391,895.56 -462.35%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.000 0.00% 0.010 -66.67%
Diluted EPS (RMB Yuan/share) 0.000 0.00% 0.010 -66.67%
Weighted average ROE (%) 0.07% -0.24% 1.22% -1.09%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2014 Note
Led by the goods payment of bad
Reversal of impairment provisions for the accounts receivable on 373,144.70
debts provision of the prophase
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
which impairment tests were carried out separately of withdrawal
Non-operating incomes and expenses other than the above -529,002.62
Less: Income tax effects 93,794.43
Total -249,652.35 --
There was no such situation that the Company classifies an item as an extraordinary gain/loss according to the definition in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary
Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent
gain/loss item.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
12,438
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
Shenzhen
Domestic
Shenghengchang
non-state-owned 36.99% 117,855,000 117,855,000 Pledged 117,855,000
Huifu Industrial
corporation
Co., Ltd.
Shenzhen Risheng
Domestic
Chuangyuan Asset
non-state-owned 10.68% 34,020,000 34,020,000 Pledged 34,020,000
Management Co.,
corporation
Ltd.
GUOTAI JUNAN
SECURITIES Foreign
8.01% 25,507,343
(HONGKONG) corporation
LIMITED
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Shenzhen Lianhua Domestic
Huiren Industrial non-state-owned 3.81% 12,150,000 12,150,000 Pledged 12,150,000
Co., Ltd. corporation
Domestic natural
Su Youhe 2.21% 7,046,469
person
China Everbright
Foreign
Securities (HK) 2.19% 6,965,110
corporation
Limited
Shanghai Wanguo Foreign
Securities (HK) 1.30% 4,155,314
Limited corporation
Domestic natural
Fan Jiongyang 0.75% 2,397,320
person
Wei Guobin
Foreign natural
(NGAI KWOK 0.36% 1,145,816
person
PAN)
Foreign natural
LUO DONG HUI 0.35% 1,100,000
person
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common shares held at the Type of shares
Name of shareholder
period-end Type Number
GUOTAI
Domestically
JUNANSECURITIES(HONGKONG 25,507,343 listed foreign 25,507,343
shares
)LIMITED
Domestically
Su Youhe 7,046,469 listed foreign 7,046,469
shares
China Everbright Securities (HK) Domestically
6,965,110 listed foreign 6,965,110
Limited shares
Shanghai Wanguo Securities (HK) Domestically
4,155,314 4,155,314
Limited listed foreign
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
shares
Domestically
Fan Jiongyang 2,397,320 listed foreign 2,397,320
shares
Domestically
Wei Guobin (NGAI KWOK PAN) 1,145,816 listed foreign 1,145,816
shares
Domestically
LUO DONG HUI 1,100,000 listed foreign 1,100,000
shares
Domestically
Ke Zhongfeng 828,866 listed foreign 828,866
shares
Domestically
Han Liang 711,458 listed foreign 711,458
shares
Domestically
Wang Yiping 707,213 listed foreign 707,213
shares
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset
Explanation on associated
Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd., which belonged
relationship or/and persons acting in
to action-in-concert promulgated by Measures for the Administration of Disclosure of
concert among the above-mentioned
Information on the Change of Shareholdings in Listed Companies. The Company did not
shareholders:
know whether there existed related relationship among other shareholders.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
30 Sept. 2014/ 31 Dec. 2013/ Increase/decr
Item Explanation
Jan.-Sept. 2014 Jan.-Sept. 2013 ease (%)
Monetary funds 938,752.26 56,330,640.22 -98.33 Prepayments increased.
The commodity house sales and the
Accounts receivable 5,217,417.64 12,308,091.34 -57.61 relevant mortgages decreased.
Other receivables 59,068,635.39 25,762,037.12 129.29 Current accounts receivable increased.
Some construction prepayments did
not come to settlement yet for the
Prepayments 33,221,892.12 9,847,534.50 237.36 invoices were not yet issued.
Taxes and fares
payable 22,988,200.38 35,541,585.46 -35.32 The annual income tax was paid.
Accounts received in
advance 20,202,691.00 54,245,815.90 -62.76 The house presales decreased.
The commodity house sales were
Operating revenues 73,054,628.68 133,142,609.00
-45.13 recognized.
Costs were carried over from the sale
Operating costs 47,137,347.90 87,173,885.59
-45.93 of commodity houses.
Business tax and The business tax on the sale of
5,969,150.51 11,778,586.62
surtaxes -49.32 commodity houses was recognized.
We had withdrawn the garment
Operating expenses 281,195.28 530,720.96
-47.02 business and only sold real estate.
The principal of the Everbright Bank
borrowing was repaid and the
Financial expenses 1,259,270.25 3,136,914.05
corresponding interest expenditure
59.86 decreased.
The bad debts of the last period that
Asset impairment -2,533,399.46 -118,693.64 were offset in the current period were
loss 2,034.40 of a lower amount.
Profits on the sale of commodity
Income tax expenses 4,815,295.53 7,573,009.51 -36.42 houses increased.
Non-business
expenses 531,035.62 274,784.95 93.25 The donation expenses increased.
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□ Applicable √ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2014 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the
year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as
explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
□Applicable √Inapplicable
The Company did not invest in any securities in the reporting period.
VI. Investments in derivatives
□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.
VII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Main discussion and
Time Place Way of reception Visitor type Visitor materials provided by the
Company
Inquiring about operating
10 Jan. 2014 The Company By phone Individual Investor
situation of the Company
Inquiring about operating
23 Jan. 2014 The Company By phone Individual Investor situation and proposing the
advice on B-share reform
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
for the Company
Inquiring about operating
situation and proposing the
12 May 2014 The Company By phone Individual Investor
advice on B-share reform
for the Company
Proposing the advice on
1 Jul. 2014 The Company By phone Individual Investor B-share reform for the
Company
Inquiring about the issues
4 Aug. 2014 The Company By phone Individual Investor
on B-share reform
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item 30 Sept. 2014 31 Dec. 2013
Current Assets:
Monetary funds 938,752.26 56,330,640.22
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value and of which changes are
recorded into current gains and losses
Notes receivable
Accounts receivable 5,217,417.64 12,308,091.34
Accounts paid in advance 33,221,892.12 9,847,534.50
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 59,068,635.39 25,762,037.12
Financial assets purchased under
agreements to resell
Inventories 224,575,152.92 264,767,911.02
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Assets held for sale
Non-current assets due within 1 year
Other current assets
Total current assets 323,021,850.33 369,016,214.20
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment
Investing property
Fixed assets 80,721,832.10 83,747,681.91
Construction in progress
Engineering materials 54,526.00 54,526.00
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 26,542,097.91 27,046,989.09
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 6,465,124.51 7,110,473.23
Other non-current assets 241,200.00 241,200.00
Total of non-current assets 114,024,780.52 118,200,870.23
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Total assets 437,046,630.85 487,217,084.43
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair
value and of which changes are
recorded into current gains and losses
Notes payable
Accounts payable 9,921,025.24 12,910,472.20
Accounts received in advance 20,202,691.00 54,245,815.90
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 491,683.66 570,074.38
Tax payable 22,988,200.38 35,541,585.46
Interest payable
Dividend payable
Other accounts payable 12,206,498.94 17,148,584.83
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within 1
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
year
Other current liabilities
Total current liabilities 65,810,099.22 120,416,532.77
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 65,810,099.22 120,416,532.77
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 318,600,000.00 318,600,000.00
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Specific reserves
Surplus reserves 86,036,260.20 86,036,260.20
Provisions for general risks
Retained profits -89,821,269.82 -94,265,581.12
Foreign exchange difference
Total equity attributable to owners of
366,944,486.96 362,500,175.66
the Company
Minority interests 4,292,044.67 4,300,376.00
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Total owners’ (or shareholders’) equity 371,236,531.63 366,800,551.66
Total liabilities and owners’ (or
437,046,630.85 487,217,084.43
shareholders’) equity
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
2. Balance sheet of the Company
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item 30 Sept. 2014 31 Dec. 2013
Current Assets:
Monetary funds 159,918.41 5,484,282.30
Financial assets measured at fair
value and of which changes are
recorded into current gains and losses
Notes receivable
Accounts receivable
Accounts paid in advance
Interest receivable
Dividend receivable
Other accounts receivable 82,970,348.61 67,379,868.41
Inventories
Assets held for sale
Non-current assets due within 1 year
Other current assets
Total current assets 83,130,267.02 72,864,150.71
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Long-term accounts receivable
Long-term equity investment 243,312,509.68 243,312,509.68
Investing property
Fixed assets 77,712,054.24 80,117,954.04
Construction in progress
Engineering materials 54,526.00 54,526.00
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 26,542,097.91 27,046,989.09
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 2,503,495.16 2,503,495.16
Other non-current assets
Total of non-current assets 350,124,682.99 353,035,473.97
Total assets 433,254,950.01 425,899,624.68
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value and of which changes are
recorded into current gains and losses
Notes payable
Accounts payable 19,442.64 19,442.64
Accounts received in advance
Employee’s compensation payable 210,087.94 209,326.67
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Tax payable 1,057,872.37 1,888,089.52
Interest payable
Dividend payable
Other accounts payable 213,955,678.64 197,551,742.96
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 215,243,081.59 199,668,601.79
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 215,243,081.59 199,668,601.79
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 318,600,000.00 318,600,000.00
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Specific reserves
Surplus reserves 86,036,260.20 86,036,260.20
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Provisions for general risks
Retained profits -238,753,888.36 -230,534,733.89
Foreign exchange difference
Total owners’ (or shareholders’) equity 218,011,868.42 226,231,022.89
Total liabilities and owners’ (or
433,254,950.01 425,899,624.68
shareholders’) equity
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
3. Consolidated income statement for the reporting period
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total operating revenues 16,481,581.33 31,750,566.00
Including: Sales income 16,481,581.33 31,750,566.00
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 15,183,003.25 28,969,625.73
Including: Cost of sales 10,007,654.51 20,621,986.00
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Taxes and associate charges 1,221,658.17 2,852,300.26
Selling and distribution expenses 76,258.94 166,414.22
Administrative expenses 3,499,454.02 4,881,454.18
Financial expenses 378,236.57 473,972.12
Asset impairment loss -258.96 -26,501.05
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-”
means loss)
III. Business profit (“-” means loss) 1,298,578.08 2,780,940.27
Add: non-operating income
Less: non-operating expense 13,768.00
Including: loss from non-current
asset disposal
IV. Total profit (“-” means loss) 1,298,578.08 2,767,172.27
Less: Income tax expense 1,037,145.55 1,672,416.72
V. Net profit (“-” means loss) 261,432.53 1,094,755.55
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
256,283.25 1,112,272.25
Company
Minority shareholders’ income 5,149.28 -17,516.70
VI. Earnings per share -- --
(I) Basic earnings per share 0.000 -0.030
(II) Diluted earnings per share 0.000 -0.030
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Ⅶ. Other comprehensive incomes
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
Ⅷ. Total comprehensive incomes 261,432.53 1,094,755.55
Attributable to owners of the
256,283.25 1,112,272.25
Company
Attributable to minority shareholders 5,149.28 -17,516.70
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
4. Income statement of the Company for the reporting period
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total sales 28,800.00 0.00
Less: cost of sales 1,612.80 0.00
Business taxes and surcharges
Distribution expenses
Administrative expenses 2,048,127.41 2,647,311.65
Financial costs 396,913.72 489,457.43
Impairment loss
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: income form investment
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
on associates and joint ventures
II. Business profit (“-” means loss) -2,417,853.93 -3,136,769.08
Add: non-business income
Less: non-business expense
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) -2,417,853.93 -3,136,769.08
Less: income tax expense
IV. Net profit (“-” means loss) -2,417,853.93 -3,136,769.08
V. Earnings per share -- --
(I) Basic earnings per share -0.010 -0.010
(II) Diluted earnings per share -0.010 -0.010
VI. Other comprehensive income
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
VII. Total comprehensive income -2,417,853.93 -3,136,769.08
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
5. Consolidated income statement for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total operating revenues 73,054,628.68 133,142,609.00
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Including: Sales income 73,054,628.68 133,142,609.00
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 63,274,350.56 117,058,364.94
Including: Cost of sales 47,137,347.90 87,173,885.59
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 5,969,150.51 11,778,586.62
Selling and distribution expenses 281,195.28 530,720.96
Administrative expenses 11,160,786.08 14,556,951.36
Financial expenses 1,259,270.25 3,136,914.05
Asset impairment loss -2,533,399.46 -118,693.64
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 9,780,278.12 16,084,244.06
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Add: non-operating income 2,033.00 6,875.00
Less: non-operating expense 531,035.62 274,784.95
Including: loss from non-current
asset disposal
IV. Total profit (“-” means loss) 9,251,275.50 15,816,334.11
Less: Income tax expense 4,815,295.53 7,573,009.51
V. Net profit (“-” means loss) 4,435,979.97 8,243,324.60
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
4,444,311.30 8,296,917.27
Company
Minority shareholders’ income -8,331.33 -53,592.67
VI. Earnings per share -- --
(I) Basic earnings per share 0.010 0.030
(II) Diluted earnings per share 0.010 0.030
VII. Other comprehensive incomes
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
VIII. Total comprehensive incomes 4,435,979.97 8,243,324.60
Attributable to owners of the
4,444,311.30 8,296,917.27
Company
Attributable to minority shareholders -8,331.33 -53,592.67
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
6. Income statement of the Company for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total sales 28,800.00 0.00
Less: cost of sales 0.00 0.00
Business taxes and surcharges 1,612.80
Distribution expenses
Administrative expenses 6,482,993.15 6,995,819.57
Financial costs 1,232,520.34 3,208,703.49
Impairment loss
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) -7,688,326.29 -10,204,523.06
Add: non-business income
Less: non-business expense 530,828.18 103,125.23
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) -8,219,154.47 -10,307,648.29
Less: income tax expense
IV. Net profit (“-” means loss) -8,219,154.47 -10,307,648.29
V. Earnings per share -- --
(I) Basic earnings per share -0.030 -0.030
(II) Diluted earnings per share -0.030 -0.030
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Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
VI. Other comprehensive income
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
VII. Total comprehensive income -8,219,154.47 -10,307,648.29
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
47,741,275.00 140,670,012.56
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
24
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 36,687.67
Other cash received relating to
32,938,463.48 60,335,072.32
operating activities
Subtotal of cash inflows from operating
80,679,738.48 201,041,772.55
activities
Cash paid for goods and services 38,509,969.84 49,043,042.41
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 3,683,792.79 4,505,472.23
Various taxes paid 23,212,580.68 25,504,525.85
Other cash payment relating to
70,665,290.73 106,701,685.83
operating activities
Subtotal of cash outflows from
136,071,634.04 185,754,726.32
operating activities
Net cash flows from operating activities -55,391,895.56 15,287,046.23
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other 122,368.00
long-term assets
25
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
122,368.00
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 484,642.71
assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
484,642.71
investing activities
Net cash flows from investing activities -362,274.71
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
3,400,000.00
financing activities
Subtotal of cash inflows from financing
3,400,000.00
activities
Repayment of borrowings 15,099,960.00
Cash paid for interest expenses and
15,609,456.05
distribution of dividends or profit
26
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
2,700,000.00
financing activities
Sub-total of cash outflows from
33,409,416.05
financing activities
Net cash flows from financing activities -30,009,416.05
IV. Effect of foreign exchange rate
7.60
changes on cash and cash equivalents
V. Net increase in cash and cash
-55,391,887.96 -15,084,644.53
equivalents
Add: Opening balance of cash and
56,330,640.22 21,555,492.79
cash equivalents
VI. Closing balance of cash and cash
938,752.26 6,470,848.26
equivalents
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
commodities and rendering of service
Tax refunds received
Other cash received relating to
79,350,540.74 172,196,146.90
operating activities
Subtotal of cash inflows from operating
79,350,540.74 172,196,146.90
activities
Cash paid for goods and services
Cash paid to and for employees 1,275,377.08 1,476,314.65
Various taxes paid 852,036.93 1,757,356.58
Other cash payment relating to 82,547,490.62 142,930,291.73
27
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
operating activities
Subtotal of cash outflows from
84,674,904.63 146,163,962.96
operating activities
Net cash flows from operating activities -5,324,363.89 26,032,183.94
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 8,500.00
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
1.00
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
8,501.00
investing activities
Net cash flows from investing activities -8,501.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
28
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
Other cash received relating to
3,400,000.00
financing activities
Subtotal of cash inflows from financing
3,400,000.00
activities
Repayment of borrowings 15,099,960.00
Cash paid for interest expenses and
15,609,456.05
distribution of dividends or profit
Other cash payments relating to
2,700,000.00
financing activities
Sub-total of cash outflows from
33,409,416.05
financing activities
Net cash flows from financing activities -30,009,416.05
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-5,324,363.89 -3,985,733.11
equivalents
Add: Opening balance of cash and
5,484,282.30 7,628,811.81
cash equivalents
VI. Closing balance of cash and cash
159,918.41 3,643,078.70
equivalents
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
29