Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Guangdong Rieys Group Company Ltd.
Report for the First Quarter of 2015
April 2015
1
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior
management staff of Guangdong Rieys Group Company Ltd. (hereinafter referred to as “the
Company”) warrant that the information carried in 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 have attended the board session for reviewing this report.
Chen Hongcheng, company principal, Chen Jincai, chief of the accounting work, and Zheng
Guangde, chief of the accounting organ (chief of accounting), hereby confirm that the
financial statements enclosed in this report are 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 First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Main accounting data and financial indicators
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
Jan.-Mar. 2015 Jan.-Mar. 2014 +/- (%)
Operating revenues (RMB Yuan) 32,642,864.00 45,550,189.38 -28.34%
Net profit attributable to shareholders of
2,598,788.07 2,001,656.83 29.83%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 2,679,707.83 3,623,741.25 -26.05%
losses (RMB Yuan)
Net cash flows from operating activities
83,961,239.33 -50,470,714.89 -266.36%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.010 0.010 0.00%
Diluted EPS (RMB Yuan/share) 0.010 0.010 0.00%
Weighted average ROE (%) 0.69% 0.55% 0.14%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB Yuan) 481,792,023.16 480,779,789.45 0.21%
Net assets attributable to shareholders of
375,286,567.46 372,687,779.39 0.70%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Jan.-Mar. 2015 Explanation
Non-operating income and expense other than the above -107,893.01
Less: Income tax effects -26,973.25
Total -80,919.76 --
Explain the reasons if 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
□ Applicable √ Inapplicable
No such cases in the reporting period.
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
11,575
shareholders at the period-end
Shareholdings of top 10 common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of shares
restricted shares
shareholder shareholder percentage (%) held Status of shares Number of shares
held
Shenzhen
Domestic
Shenghengchang
non-state-owned 36.99% 117,855,000 11,785,500 Pledged 11,785,500
Huifu Industrial
corporation
Co., Ltd.
Shenzhen
Risheng
Domestic
Chuangyuan
non-state-owned 10.68% 34,020,000 34,020,000 Pledged 34,020,000
Asset
corporation
Management Co.,
Ltd.
GUOTAI
JUNAN
Foreign
SECURITIES 8.43% 26,863,103
corporation
(HONGKONG)
LIMITED
Shenzhen
Domestic
Lianhua Huiren
non-state-owned 3.81% 12,150,000 12,150,000 Pledged 12,150,000
Industrial Co.,
corporation
Ltd.
Domestic natural
Su Youhe 2.27% 7,234,469
person
Shanghai
Foreign 1.48% 6,820,046
Wanguo
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Securities (HK) corporation
Limited
China Everbright
Foreign
Securities (HK) 0.49% 4,707,860
corporation
Limited
Domestic natural
Fan Jiongyang 0.36% 1,570,000
person
Wei Guobin
Domestic natural
(NGAI KWOK 0.36% 1,145,816
person
PAN)
Guoyuan
Securities Foreign
0.24% 775,454
Manager (HK) corporation
Co., Ltd.
Shareholdings of top 10 non-restricted common shareholders
Variety of shares
Name of shareholder Number of non-restricted common shares held
Variety Number
Domestically
GUOTAIJUNANSECURITIES(HO
26,863,103 listed foreign 26,863,103
NGKONG)LIMITED
shares
Domestically
Su Youhe 7,234,469 listed foreign 7,234,469
shares
Domestically
Shanghai Wanguo Securities (HK)
6,820,046 listed foreign 6,820,046
Limited
shares
Domestically
China Everbright Securities (HK)
4,707,860 listed foreign 4,707,860
Limited
shares
Domestically
Fan Jiongyang 1,570,000 listed foreign 1,570,000
shares
Domestically
Wei Guobin (NGAI KWOK PAN) 1,145,816 listed foreign 1,145,816
shares
Guoyuan Securities Manager (HK) 775,454 Domestically 775,454
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Co., Ltd. listed foreign
shares
Domestically
Chen Jianxing 713,044 listed foreign 713,044
shares
Domestically
Han Liang 711,458 listed foreign 711,458
shares
Domestically
Chen Zhenqi 701,800 listed foreign 701,800
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 to
relationship or persons acting in
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.
Top 10 common shareholders taking
part in securities margin trading (if Inapplicable
any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conduct any
promissory repo during the reporting period?
□ Yea √ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Section III. Significant Events
I. Significant changes in the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
√ Applicable □ Inapplicable
Increase/decrease
Balance sheet Closing balance Opening balance +/-% Note
of the amount
Monetary
funds 100,630,832.16 16,669,591.58 83,961,240.58 503.68 Sale of commercial residential buildings
The uncollected amounts due to sale of
Accounts commercial residential buildings
receivable 73,472,924.37 95,496,303.24 -22,023,378.87 -23.06 decreased.
Other
receivables 69,076,204.09 89,037,813.63 -19,961,609.54 -22.42 Intra-group receivables increased.
Prepayments were made for some
engineering projects but they could not be
settled before the relevant receipts were
Prepayments 984,897.80 18,630,000.00 -17,645,102.20 -94.71 secured.
Inventories 127,415,356.76 149,982,410.85 -22,567,054.09 -15.05 Sale of commercial residential buildings
Accounts
payable 2,774,775.42 3,288,878.36 -514,102.94 -15.63 Payables to suppliers increased.
Accounts Pre-sale payments received from
received in customers of commercial residential
advance 12,011,365.42 13,963,451.97 -1,952,086.55 -13.98 buildings carried over to sales.
Income Increase/decrease
Jan.-Mar. 2015 Jan.-Mar. 2014 +/-% Note
statement of the amount
Operating Revenue from sale of commercial
32,642,864.00 45,550,189.38 -12,907,325.38
revenues -28.34 residential buildings was recognized.
Operating Sale of commercial residential buildings
22,567,054.09 32,080,506.43 -9,513,452.34
costs -29.65 incurred costs.
The business tax, etc. arising from sale of
Business tax
2,964,442.98 3,856,791.27 -892,348.29 commercial residential buildings were
and surtaxes
-23.14 recognized.
Operating Revenue from sale of commercial
68,328.77 112,837.79 -44,509.02
expenses -39.45 residential buildings decreased.
The principal of the borrowing from
Financial
376,848.37 409,324.48 -32,476.11 Everbright Bank was repaid and the
expenses
-7.93 interest expenses decreased accordingly.
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Asset
impairment 20,026.85 47,650.11 The offset bad debts for the last period
losses -27,623.26 -57.97 decreased.
Income tax Profits from sale of commercial
expenses 1,594,642.48 2,017,395.38 -422,752.90 20.96 residential buildings decreased.
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a stake over 5% in the
Company in the reporting period or such commitments made in previous periods but carried
down into the reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
IV. Predict the operating results of Jan.-Jun. 2015
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the
next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable √ Inapplicable
V. Securities investments
□ Applicable √ Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
√ Applicable □ Inapplicable
No such cases in the reporting period.
VII. Investments in derivatives
□ Applicable √ Inapplicable
No such cases in the reporting period.
VIII. Researches, visits and interviews received in the reporting period
√ Applicable □ Inapplicable
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
Inquiries about the Company
Telephone
7 Jan. 2015 The Company Individual Investor stock movements and
communication
business situation
Telephone Inquiries about B shares
13 Jan. 2015 The Company Individual Investor
communication reform matters
Inquiries about the operation
10 Feb. 2015 The Company Field research Institution Investor of Company and B shares
reform
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Guangdong Rieys Group Company Ltd.
31 Mar. 2015
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 100,630,832.16 16,669,591.58
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable 73,472,924.37 95,496,303.24
Accounts paid in advance 984,897.80 18,630,000.00
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 69,076,204.09 89,037,813.63
Financial assets purchased under
agreements to resell
Inventories 127,415,356.76 149,982,410.85
Assets held for sale 48,281,500.14 48,281,500.14
Non-current assets due within 1 year
Other current assets
Total current assets 419,861,715.32 418,097,619.44
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
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 real estate
Fixed assets 47,102,379.78 47,784,925.99
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 9,840,632.48 9,909,948.44
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 4,987,295.58 4,987,295.58
Other non-current assets
Total of non-current assets 61,930,307.84 62,682,170.01
Total assets 481,792,023.16 480,779,789.45
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 of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 2,774,775.42 3,288,878.36
Accounts received in advance 12,011,365.42 13,963,451.97
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Financial assets sold for repurchase
Handling charges and commissions
payable
Payroll payable 401,351.64 481,299.21
Tax payable 38,303,521.03 37,159,760.65
Interest payable
Dividend payable
Other accounts payable 48,769,836.37 48,935,319.16
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
year
Other current liabilities
Total current liabilities 102,260,849.88 103,828,709.35
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 102,260,849.88 103,828,709.35
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Other comprehensive income
Specific reserves
Surplus reserves 86,036,260.20 86,036,260.20
Provisions for general risks
Retained profits -81,479,189.32 -84,077,977.39
Total equity attributable to owners of
375,286,567.46 372,687,779.39
the Company
Minority interests 4,244,605.82 4,263,300.71
Total owners’ equity 379,531,173.28 376,951,080.10
Total liabilities and owners’ equity 481,792,023.16 480,779,789.45
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 95,091,688.08 16,198,906.48
Financial assets measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial assets
Notes receivable
Accounts receivable
Accounts paid in advance
Interest receivable
Dividend receivable
Other accounts receivable 68,589,838.39 84,236,984.90
Inventories
Assets held for sale 48,281,500.14 48,281,500.14
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Non-current assets due within 1 year
Other current assets
Total current assets 211,963,026.61 148,717,391.52
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 243,312,508.68 243,312,508.68
Investing real estate
Fixed assets 44,591,756.20 45,092,439.91
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 9,840,632.48 9,909,948.44
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 2,629,205.29 2,629,205.29
Other non-current assets
Total of non-current assets 300,374,102.65 300,944,102.32
Total assets 512,337,129.26 449,661,493.84
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 19,442.64 19,442.64
Accounts received in advance
Payroll payable 185,969.20 210,712.65
Tax payable 2,302,522.42 3,130,621.23
Interest payable
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Dividend payable
Other accounts payable 298,600,657.96 233,514,796.81
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 301,108,592.22 236,875,573.33
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 301,108,592.22 236,875,573.33
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Other comprehensive income
Specific reserves
Surplus reserves 86,036,260.20 86,036,260.20
Retained profits -245,537,219.74 -243,979,836.27
Total owners’ equity 211,228,537.04 212,785,920.51
Total liabilities and owners’ equity 512,337,129.26 449,661,493.84
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
3. Consolidated income statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total operating revenues 32,642,864.00 45,550,189.38
Including: Sales income 32,642,864.00 45,550,189.38
Interest income
Premium income
Handling charge and commission
income
II. Total operating costs 28,360,235.33 40,789,641.14
Including: Cost of sales 22,567,054.09 32,080,506.43
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 2,964,442.98 3,856,791.27
Selling and distribution expenses 68,328.77 112,837.79
Administrative expenses 2,363,534.27 4,282,531.06
Financial expenses 376,848.37 409,324.48
Asset impairment loss 20,026.85 47,650.11
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) 4,282,628.67 4,760,548.24
Add: non-operating income 2,033.00
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Including: Gains on disposal of
non-current assets
Less: non-operating expense 107,893.01 744,267.83
Including: Losses on disposal of
non-current assets
IV. Total profit (“-” means loss) 4,174,735.66 4,018,313.41
Less: Income tax expense 1,594,642.48 2,017,395.38
V. Net profit (“-” means loss) 2,580,093.18 2,000,918.03
Net profit attributable to owners of
2,598,788.07 2,001,656.83
the Company
Minority shareholders’ income -18,694.89 -738.80
VI. After-tax net amount of other
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to
owners of the Company
(I) Other comprehensive incomes
that will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
2. Gains and losses on fair
value changes of available-for-sale
financial assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes 2,580,093.18 2,000,918.03
Attributable to owners of the
2,598,788.07 2,001,656.83
Company
Attributable to minority
-18,694.89 -738.80
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.010 0.010
(II) Diluted earnings per share 0.010 0.010
Where business mergers under the same control occurred in this reporting period, the net profit achieved by the merged parties before
the business mergers was RMB XXX, with the corresponding amount for the same period of last year being RMB XXX.
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
4. Income statement of the Company
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total sales 0.00 0.00
Less: cost of sales 0.00 0.00
Business taxes and surcharges
Distribution expenses
Administrative expenses 1,169,535.01 2,524,877.12
Financial costs 352,236.78 375,122.18
Impairment loss
Add: gain/(loss) from change in fair
0.00
value (“-” means loss)
Gain/(loss) from investment (“-”
0.00
means loss)
Including: income form investment
18
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
on associates and joint ventures
II. Business profit (“-” means loss) -1,521,771.79 -2,899,999.30
Add: non-operating income
Including: Gains on disposal of
non-current assets
Less: non-operating expense 35,611.68 500,828.18
Including: Losses on disposal of
non-current assets
III. Total profit (“-” means loss) -1,557,383.47 -3,400,827.48
Less: Income tax expense
IV. Net profit (“-” means loss) -1,557,383.47 -3,400,827.48
V. After-tax net amount of other
comprehensive incomes
(I) Other comprehensive incomes that
will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and
losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method
2. Gains and losses on fair value
changes of available-for-sale financial
assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes -1,557,383.47 -3,400,827.48
VII. Earnings per share
(I) Basic earnings per share 0.000 -0.010
(II) Diluted earnings per share 0.000 -0.010
5. Consolidated cash flow statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating activities:
Cash received from sale of
52,675,323.74 15,636,043.00
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 financial
assets measured at fair value of which
changes are recorded into current gains
and losses
Cash received from interest,
handling charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
Other cash received relating to
42,575,759.34 12,183,889.84
operating activities
Subtotal of cash inflows from operating
95,251,083.08 27,819,932.84
activities
Cash paid for goods and services 388,091.26 1,256,641.50
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 871,116.67 1,434,443.90
Various taxes paid 3,573,220.17 2,541,237.25
Other cash payment relating to
6,457,415.65 73,058,325.08
operating activities
Subtotal of cash outflows from
11,289,843.75 78,290,647.73
operating activities
Net cash flows from operating
83,961,239.33 -50,470,714.89
activities
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
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,
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
intangible assets and other long-term
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
investing activities
Net cash flows from investing activities
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
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority
shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing
activities
IV. Effect of foreign exchange rate 1.24 31.61
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Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
changes on cash and cash equivalents
V. Net increase in cash and cash
83,961,240.57 -50,470,683.28
equivalents
Add: Opening balance of cash and
16,669,591.58 56,330,640.22
cash equivalents
VI. Closing balance of cash and cash
100,630,832.15 5,859,956.94
equivalents
6. Cash flow statement of the Company
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating activities:
Cash received from sale of
commodities and rendering of service
Tax refunds received
Other cash received relating to
101,508,779.26 39,706,047.39
operating activities
Subtotal of cash inflows from operating
101,508,779.26 39,706,047.39
activities
Cash paid for goods and services
Cash paid to and for employees 289,196.66 529,562.91
Various taxes paid 869,041.60 836,380.15
Other cash payment relating to
21,457,759.40 40,783,744.15
operating activities
Subtotal of cash outflows from
22,615,997.66 42,149,687.21
operating activities
Net cash flows from operating
78,892,781.60 -2,443,639.82
activities
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
23
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
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
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
investing activities
Net cash flows from investing activities
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing
activities
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
24
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
V. Net increase in cash and cash
78,892,781.60 -2,443,639.82
equivalents
Add: Opening balance of cash and
16,198,906.48 5,484,282.30
cash equivalents
VI. Closing balance of cash and cash
95,091,688.08 3,040,642.48
equivalents
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
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