Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
THIRD QUARTER REPORT 2016
2016-065
October 2016
1
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Section I Important Statements
The Board of Directors, the Supervisory Committee, directors, supervisors and
senior management staff of Guangdong Jadiete Holdings Group Company
Limited (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 the directors attended the board meeting for the review of the Report.
Ding Lihong, 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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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year due to change in
accounting policies or correction of accounting errors
□ Yes √ No
30 September 2016 31 December 2015 +/- (%)
Total assets (RMB) 503,330,921.66 474,516,644.99 6.07%
Net assets attributable to
shareholders of the Company 356,495,340.61 364,436,679.81 -2.18%
(RMB)
January-September
July-September 2016 YoY +/- (%) YoY +/- (%)
2016
Operating revenues (RMB) 31,096,129.57 -81.97% 231,283,105.27 -10.11%
Net profit attributable to
shareholders of the Company -3,633,237.49 52.26% -7,941,339.20 -161.09%
(RMB)
Net profit attributable to
shareholders of the Company
-3,719,144.56 17.21% -7,876,218.44 -427.38%
excluding exceptional profit and
loss (RMB)
Net cash flows from operating
-- -- -30,287,363.71 -287.82%
activities (RMB)
Basic earnings per share
-0.011 52.26% -0.025 -160.98%
(RMB/share)
Diluted earnings per share
-0.011 52.26% -0.025 -160.98%
(RMB/share)
Weighted average return on equity
-0.94% -0.32% -2.20% -5.63%
(%)
Unit: RMB
Item January-September 2016 Note
Profit/loss on disposal of non-current assets (including offset asset Disposal of the Company
60,006.60
impairment provisions)） vehicles
Profit/loss on fair value changes of transactional financial assets
and liabilities & investment income from disposal of transactional
Changes of the fair value from
financial assets and liabilities as well as financial assets available 232,376.43
the stocks investment
for sale, except for effective hedges related to normal business
operations of the Company
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Non-operating income and expense other than the above -349,946.34
Less: Corporate income tax -14,390.82
Minority interests (after tax) 21,948.27
Total -65,120.76 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Profit and Loss,
or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
Total number of preference
Total number of ordinary shareholders who had
shareholders at the end of the 11,543 resumed their voting right at 0
Reporting Period the end of the Reporting
Period (if any)
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of shares
restricted shares
shareholder shareholder percentage held Status Number
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
non-state-owned 10.68% 34,020,000 34,020,000 Pledged 34,020,000
Asset
corporation
Management Co.,
Ltd.
GUOTAI
JUNAN Foreign
8.49% 27,063,103
SECURITIES corporation
(HONGKONG)
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
LIMITED
Shenzhen
Domestic
Lianhua Huiren
non-state-owned 3.81% 12,150,000 1,215,000 Pledged 12,150,000
Industrial Co.,
corporation
Ltd.
Domestic natural
Su Youhe 2.27% 7,234,469
person
Shanghai Hong
Foreign
Kong Wanguo 2.15% 6,840,046
corporation
Securities
China Everbright
Foreign
Securities (HK) 1.46% 4,665,860
corporation
Limited
Domestic natural
Fan Jiongyang 0.46% 1,451,300
person
Wei Guobin Domestic natural
0.36% 1,145,816
(Ngai Kwok Pan) person
Domestic natural
Chen Jinming 0.24% 765,500
person
Shareholdings of top 10 non-restricted shareholders
Type of shares
Name of shareholder Number of non-restricted shares held at the period-end
Type Number
Domestically
GUOTAI JUNAN SECURITIES
27,063,103 listed foreign 27,063,103
(HONGKONG) LIMITED
share
Domestically
Su Youhe 7,234,469 listed foreign 7,234,469
share
Domestically
Shanghai Hong Kong Wanguo
6,840,046 listed foreign 6,840,046
Securities
share
China Everbright Securities (HK) Domestically
4,665,860 listed foreign 4,665,860
Limited share
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Domestically
Fan Jiongyang 1,451,300 listed foreign 1,451,300
share
Domestically
Wei Guobin (Ngai Kwok Pan) 1,145,816 listed foreign 1,145,816
share
Domestically
Chen Jinming 765,500 listed foreign 765,500
share
Domestically
Chen Jianxing 732,344 listed foreign 732,344
share
Domestically
Han Liang 711,458 listed foreign 711,458
share
Domestically
Chen Zhenqi 701,800 listed foreign 701,800
share
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset
Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd., which belonged to
Related or acting-in-concert parties
action-in-concert promulgated by Measures for the Administration of Disclosure of
among the above shareholders
Information on the Change of Shareholdings in Listed Companies. The Company did not
know whether there existed related relationship among other shareholders.
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary 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 preference shareholders and shareholdings of the top 10 of them at the period-end
□ Applicable √ Not applicable
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
√ Applicable □ Not applicable
30 September 2016/ 31 December 2015/
Item +/- (%) Note
January-September January-September
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
2016 2015
Chinese Gold
Nobility
Accounts receivable 16,204,303.24 4,656,499.20 247.99
strengthened sales
promotion
Increased
Transactional investment in
4,725,028.00 4,400.00 107,287.00
financial assets transactional
financial assets
Other accounts Decrease in
781,507.32 7,618,577.72 -89.74
receivable accounts
Increase in
Accounts paid in
30,174,917.90 855,041.60 3,429.06 prepayments to
advance
suppliers
Increase in year-end
Inventories 80,935,998.91 53,232,535.68 52.04
stock
Procurement of
Accounts payable 37,519,409.57 1,594,036.50 2,253.74
inventories
In the same period
of last year, a
business tax was
recognized on the
Business tax and commodity house
138,780.94 3,101,502.54 -95.53
surtaxes sales by subsidiary
Puning Hengda
Real Estate
Development Co.,
Ltd.
Increase in selling
Operating expense 2,013,313.48 828,575.52 142.98 expenses of Chinese
Gold Nobility
Change in the
full-amount
bad-debt provision
Asset impairment of subsidiary
224,003.49 -443,870.21 -150.47
loss Tianrui (HK)
Trading Co., Ltd.
due to exchange rate
fluctuations
Non-operating Increase in
381,000.00 107,893.41 -253.13
expense donations
Decrease in return
Return on
-8,787.57 14,284,601.42 100.06 on transactional
investment
financial assets
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Net cash flows from Increase in
-30,287,363.71 16,125,919.12 287.82
operating activities procurement
Decreased
Net cash flows from investment in
-6,345,281.57 242,315,617.51 102.62
investing activities transactional
financial assets
Decrease in
Net cash flows from
0.00 15,918,333.46 100.00 absorbed
financing activities
investments
Decrease in cash
received from
Net increase in cash
operating activities
and cash -36,632,552.21 274,359,914.02 113.35
and net cash flows
equivalents
from investing and
financing activities
II Progress of significant events and analysis & explanations on their influence and solutions
√ Applicable □ Not applicable
1. During Reporting Period, the Company continued a pattern of losses, mainly was the low speed of macro-economic increase and
the market consumption weak, development of business of Chinese Gold Nobility had been a certain influence. In order to solve the
situation the Company faced in recent, under the precondition of strengthen traditional business, on the one hand turned to recover
the trade business of controlling subsidiary Guangdong Rieys Group Company Ltd., on the other hand reopened security investment
business, planed to enhance the Company’s profitability by increase new business.
2. During Reporting Period, the Company continued suspension, within the period, the Company will actively promoted the progress
of events with relevant institutions, from project design, communication, and revision, and open up a series of work, however, due to
the Company implementation of significant no precedent events involving B share, the project need full demonstration. The
Company hoped through the significant no precedent events, to solve the Company’s issues left by history which stopping the
development of the Company at one time and ensuring the Company’s continuous and fast development.
3. On January 5, 2015, the Company entered into the Assets Transfer Agreement (hereinafter referred to as the “contract”) with
Guangdong Taihengyuan Industrial Co., Ltd. (hereinafter referred to as “Taihengyuan”). Taihengyuan has made to the Company the
deposit and the second payment of transfer price RMB40 million, 66.67% of the total. Due to influence of the change of
macro-environment and fluctuation of property market and other major factors, after several negotiations, an agreement had been
reached upon the Taihengyuan delaying the transfer of assets ,so far, the aforesaid had not been transferred, nor hand over to
Taihengyuan, both parties had submitted related materials of assets transfer to relevant government department and applied to transfer,
the Company planned to complete the transfer at the end of the year and recover the final payment RMB20 million. The Company
will in line with the actual progress situation further perfect relevant procedure and timely makes information disclosure.
Summary Disclosure date Query index
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
III Commitments of the Company, its shareholders, actual controller, acquirer, directors, supervisors,
senior management or other related parties fulfilled in the Reporting Period or ongoing at the period-end
√ Applicable □ Not applicable
Date of
Commitment Type of Term of
Commitment Contents commitment Fulfillment
maker commitment commitment
making
Commitments made in share reform
Commitments made in acquisition
documents or shareholding alteration
documents
Excepting
Rieys, it can
The
not in any
Company's
area, in any
largest
form, engaged
shareholder
in production
Shenzhen
produce or
Shenghengcha
Commitment business
ng Huifu
for avoiding operation may
Industrial Co.,
Commitments made in time of asset
and form
restructuring Ltd., the 21/5/2015 Perpetual In execution
eliminating competition to
second largest
horizontal Rieys and its
shareholder
competition subsidiaries
Shenzhen
which
Risheng
stipulated by
Chuangyuan
the law,
Asset
regulations
Management
and
Co., Ltd.
stipulations
from CSRC.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Will avoid and
reduce the
related
transaction
between it
together with
The its related
Company's enterprise and
largest Rieys to the
shareholder greatest
Shenzhen extent. If the
Shenghengcha related
ng Huifu transaction
Commitment
Industrial Co., with Rieys is
for stipulating
Ltd., the inevitable, the 5/21/2015 Perpetual In execution
related
second largest transaction
transaction
shareholder must be
Shenzhen conducted in
Risheng line with the
Chuangyuan principle of
Asset fair,just and
Management sound and
Co., Ltd. making
compensation
for equal
value, the
transaction
price must be
recognized in
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
line with the
reasonable
price of the
market and
related
transaction
decision
making
procedure
avoiding
voting of
related
transaction by
the
shareholders'
general
meeting which
stipulated by
Article of
Association of
Guangdong
Rieys Group
Company Ltd.
Commitments made in time of IPO or
refinancing
Commitments concerning stock
ownership incentive
Other commitments made to minority Part of Part of Within 6
7/9/2015 In execution
shareholders directors, directors, months after
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
supervisors supervisors stock
and senior and senior resumption
executives executives,
who want to
increase
stocks shall
increase at any
time when the
price of the
stock lower
than 4
HKD/share
within 6
months after
the stock
resumption.
Commitments made in share reform Yes
Commitments made in acquisition
documents or shareholding alteration Not applicable
documents
IV Performance forecast for Y2016
Warning of possible loss or considerable YoY change in the accumulative net profit made during the year-beginning to the end of the
next reporting period, as well as the reasons
□ Applicable √ Not applicable
V Securities investment
√ Applicable □ Not applicable
Initial Opening Closing Profit/loss
Opening Closing Closing
Variety of Code of Name of investmen number sharehold sharehold in the Accounti Source of
number book
ing ing Reporting
securities securities securities of shares of shares value ng title securities
t cost percentag percentag Period
held held (RMB)
e e (RMB)
(RMB)
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Purchase
Tradable
Meiyan from
4,483,864 4,725,028 241,164.0
Stock 600868 Hydropo 0 0.00% 893,200 100.00% financial
.00 .00 0 secondar
wer
assets
y market
Other security investment held
0.00 0 -- 0 -- 0.00 0.00 -- --
at period-end
4,483,864 4,725,028 241,164.0
Total 0 -- 893,200 -- -- --
.00 .00 0
Disclosure date of the board
announcement on securities
investment approval
Disclosure date of the general
meeting announcement on
securities investment approval
(if any)
VI Investment in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company for purposes of research, communication, interview, etc.
during the Reporting Period
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor About
Time of Company stock resumption of
2016-07-01 By phone Other
trading
Time of Company stock resumption of
trading and whether the General Meeting
2016-07-04 By phone Other
of Shareholders in 2015 had been held or
not ?
Time of Company stock resumption of
2016-07-04 By phone Other
trading
Time of Company stock resumption of
2016-07-07 By phone Other
trading
Time of Company stock resumption of
2016-07-13 By phone Other
trading
2016-07-15 By phone Other Time of Company stock resumption of
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
trading and progress of significant events
of the Company
Time of Company stock resumption of
2016-07-21 By phone Other
trading
Whether the name of Company stock
2016-08-11 By phone Other change or not, and need another
registration or not?
Time of Company stock resumption of
2016-08-11 By phone Other trading and progress of B share transfer
into A share
Time of Company stock resumption of
2016-08-15 By phone Other
trading
Time of Company stock resumption of
2016-08-15 By phone Other trading and change name of Company
stock
Time of Company stock resumption of
2016-08-26 By phone Other
trading
Time of Company stock resumption of
2016-08-30 By phone Other trading and progress of significant events
of the Company recently
Time of Company stock resumption of
2016-09-20 By phone Other
trading
Time of Company stock resumption of
2016-09-21 By phone Other
trading and operation of the Company
Time of Company stock resumption of
2016-09-21 By phone Other
trading
Time of Company stock resumption of
2016-09-22 By phone Other
trading
Time of Company stock resumption of
2016-09-23 By phone Other
trading
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s funds for non-operating purposes by the controlling
shareholder and its related parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Section IV Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Guangdong Jadiete Holdings Group Company Limited
30 September 2016
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 264,838,753.00 301,471,305.21
Settlement reserve
Interbank lendings
Financial assets at fair value through
4,725,028.00 4,400.00
profit/loss
Derivative financial assets
Notes receivable
Accounts receivable 16,204,303.24 4,656,499.20
Accounts paid in advance 30,174,917.90 855,041.60
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserve
Interest receivable
Dividends receivable
Other accounts receivable 781,507.32 7,618,577.72
Financial assets purchased under
agreements to resell
Inventories 80,935,998.91 53,232,535.68
Assets held for sale
Non-current assets due within one year
Other current assets
Total current assets 397,660,508.37 367,838,359.41
Non-current assets:
Loans and advances to customers
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments
Investment property
Fixed assets 74,615,050.78 75,118,031.89
Construction in progress
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 25,195,721.43 25,700,612.61
R&D expenses
Goodwill 2,395,820.87 2,395,820.87
Long-term deferred expenses
Deferred tax assets 3,463,820.21 3,463,820.21
Other non-current assets
Total non-current assets 105,670,413.29 106,678,285.58
Total assets 503,330,921.66 474,516,644.99
Current liabilities:
Short-term borrowings
Borrowings from the Central Bank
Money deposits accepted and inter-bank
deposits
Interbank borrowings
Financial liabilities at fair value through
profit/loss
Derivative financial liabilities
Notes payable
Accounts payable 37,519,409.57 1,594,036.50
Accounts received in advance 15,667,658.05 14,718,891.99
Financial assets sold for repurchase
Fees and commissions payable
Payroll payable 436,324.93 449,772.90
Taxes and fares payable 9,236,672.12 12,796,779.45
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Interest payable
Dividends payable
Other accounts payable 47,744,733.96 47,162,773.39
Reinsurance premiums payable
Insurance contract reserve
Payables for acting trading of securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 110,604,798.63 76,722,254.23
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term accounts payable
Long-term payroll payable
Special payables
Provisions
Deferred income
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 110,604,798.63 76,722,254.23
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 52,129,496.58 52,129,496.58
Less: Treasury shares
Other comprehensive income
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Special reserve
Surplus reserve 86,036,260.20 86,036,260.20
Provisions for general risks
Retained earnings -100,270,416.17 -92,329,076.97
Equity attributable to owners of the
356,495,340.61 364,436,679.81
Company
Minority interests 36,230,782.42 33,357,710.95
Total owners’ equity 392,726,123.03 397,794,390.76
Total liabilities and owners’ equity 503,330,921.66 474,516,644.99
Legal representative: Ding Lihong Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
2. Balance sheet of the Company
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 2,066,075.71 250,310,105.45
Financial assets at fair value through
profit/loss
Derivative financial assets
Notes receivable
Accounts receivable 0.00
Accounts paid in advance 66,198.00 620,547.00
Interest receivable
Dividends receivable
Other accounts receivable 113,361,115.04 67,107,566.05
Inventories
Assets held for sale 0.00
Non-current assets due within one year
Other current assets
Total current assets 115,493,388.75 318,038,218.50
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Long-term equity investments 126,712,508.68 126,712,508.68
Investment property
Fixed assets 72,375,188.74 73,702,221.24
Construction in progress
Engineering materials 0.00
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 25,195,721.43 25,700,612.61
R&D expenses
Goodwill
Long-term deferred expenses
Deferred tax assets 2,635,189.74 2,635,189.74
Other non-current assets
Total non-current assets 226,918,608.59 228,750,532.27
Total assets 342,411,997.34 546,788,750.77
Current liabilities:
Short-term borrowings
Financial liabilities at fair value through
profit/loss
Derivative financial liabilities
Notes payable
Accounts payable 19,442.64 19,442.64
Accounts received in advance 553,533.00 158,333.00
Payroll payable 203,581.04 185,146.56
Taxes and fares payable 15,785,116.90 15,782,337.43
Interest payable
Dividends payable
Other accounts payable 50,628,607.43 246,824,498.89
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 67,190,281.01 262,969,758.52
Non-current liabilities:
Long-term borrowings
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term payables
Long-term payroll payable
Special payables
Provisions
Deferred income
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 67,190,281.01 262,969,758.52
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 52,129,496.58 52,129,496.58
Less: Treasury shares
Other comprehensive income
Special reserve
Surplus reserve 86,036,260.20 86,036,260.20
Retained earnings -181,544,040.45 -172,946,764.53
Total owners’ equity 275,221,716.33 283,818,992.25
Total liabilities and owners’ equity 342,411,997.34 546,788,750.77
3. Consolidated income statement for the Reporting Period
Unit: RMB
Item July-September 2016 July-September 2015
1. Operating revenues 31,096,129.57 172,449,468.55
Including: Sales income 31,096,129.57 172,449,468.55
Interest income
Premium income
Fee and commission income
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
2. Operating costs 34,541,222.39 173,911,767.20
Including: Cost of sales 29,518,839.65 168,639,273.70
Interest expenses
Fee and commission expenses
Surrenders
Net claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Business tax and surtaxes 15,791.65 99,828.94
Selling expenses 823,421.02 657,535.34
Administrative expenses 3,752,104.80 3,744,469.69
Finance costs 374,395.55 556,838.34
Asset impairment loss 56,669.72 213,821.19
Add: Profit on fair value changes (“-”
241,164.00 -1,280.00
means loss)
Return on investment (“-” means
-7,264.63
loss)
Including: Share of profit/loss of
associates and joint ventures
Exchange gains (“-” means loss)
3. Operating profit (“-” means loss) -3,211,193.45 -1,463,578.65
Add: Non-operating revenue 91,059.82 765,578.86
Including: Profit on disposal of
non-current assets
Less: Non-operating expense 181,000.00
Including: Loss on disposal of
non-current assets
4. Total profit (“-” means loss) -3,301,133.63 -697,999.79
Less: Corporate income tax 127,549.99 690,343.27
5. Net profit (“-” means loss) -3,428,683.62 -1,388,343.06
Net profit attributable to owners of
-3,633,237.49 -2,386,211.15
the Company
Minority interests’ income 204,553.87 997,868.09
6. Other comprehensive income net of
tax
Other comprehensive income net
21
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
of tax attributable to owners of the
Company
6.1 Other comprehensive
income that will not be reclassified into
profit/loss
6.1.1 Changes in net liabilities
or assets with a defined benefit plan
upon re-measurement
6.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
6.2 Other comprehensive
income to be subsequently reclassified
into profit/loss
6.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
6.2.2 Profit/loss on fair value
changes of available-for-sale financial
assets
6.2.3 Profit/loss on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective profit/loss on
cash flow hedges
6.2.5 Currency translation
differences
6.2.6 Other
Other comprehensive income net
of tax attributable to minority interests
7. Total comprehensive income -3,428,683.62 -1,388,343.06
Attributable to owners of the
-3,633,237.49 -2,386,211.15
Company
Attributable to minority interests 204,553.87 997,868.09
8. Earnings per share
8.1 Basic earnings per share -0.011 -0.01
8.2 Diluted earnings per share -0.011 -0.01
Where business mergers under the same control occurred in the Reporting Period, the net profit achieved by the merged parties
before the business mergers was RMB0.00, with the corresponding amount for the last period being RMB0.00.
22
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Legal representative: Ding Lihong Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
4. Income statement of the Company for the Reporting Period
Unit: RMB
Item July-September 2016 July-September 2015
1. Operating revenues 0.00 0.00
Less: Operating costs 0.00 0.00
Business tax and surtaxes
Selling expenses
Administrative expenses 2,692,491.09 2,706,617.58
Finance costs 327,624.51 360,046.55
Asset impairment loss
Add: profit on fair value changes (“-”
0.00
means loss)
Return on investment (“-” means
loss)
Including: Share of profit/loss of
associates and joint ventures
2. Operating profit (“-” means loss) -3,020,115.60 -3,066,664.13
Add: Non-operating revenue 0.00 759,422.82
Including: Profit on disposal of
non-current assets
Less: Non-operating expense 150,000.00
Including: Loss on disposal of
non-current assets
3. Total profit (“-” means loss) -3,170,115.60 -2,307,241.31
Less: Corporate income tax
4. Net profit (“-” means loss) -3,170,115.60 -2,307,241.31
5. Other comprehensive income net of
tax
5.1 Other comprehensive income that
will not be reclassified into profit and
loss
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
5.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
23
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
under the equity method
5.2 Other comprehensive income to
be subsequently reclassified into
profit/loss
5.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
5.2.2 Profit/loss on fair value
changes of available-for-sale financial
assets
5.2.3 Profit/loss on reclassifying
held-to-maturity investments into
available-for-sale financial assets
5.2.4 Effective profit/loss on cash
flow hedges
5.2.5 Currency translation
differences
5.2.6 Other
6. Total comprehensive income -3,170,115.60 -2,307,241.31
7. Earnings per share
7.1 Basic earnings per share -0.010 -0.010
7.2 Diluted earnings per share -0.010 -0.010
5. Consolidated income statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Operating revenues 231,283,105.27 257,303,253.70
Including: Sales income 231,283,105.27 257,303,253.70
Interest income
Premium income
Fee and commission income
2. Operating costs 234,317,706.08 255,362,443.17
Including: Cost of sales 220,113,682.22 241,857,278.95
Interest expenses
Fee and commission expenses
Surrenders
24
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Net claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Business tax and surtaxes 138,780.94 3,101,502.54
Selling expenses 2,013,313.48 828,575.52
Administrative expenses 10,713,596.54 8,769,967.72
Finance costs 1,114,329.41 1,248,988.65
Asset impairment loss 224,003.49 -443,870.21
Add: Profit on fair value changes (“-”
241,164.00 -1,428.00
means loss)
Return on investment (“-” means
-8,787.57 14,284,601.42
loss)
Including: Share of profit/loss of
associates and joint ventures
Exchange gains (“-” means loss)
3. Operating profit (“-” means loss) -2,802,224.38 16,223,983.95
Add: Non-operating revenue 91,060.26 965,579.14
Including: Profit on disposal of
non-current assets
Less: Non-operating expense 381,000.00 107,893.41
Including: Loss on disposal of
non-current assets
4. Total profit (“-” means loss) -3,092,164.12 17,081,669.68
Less: Corporate income tax 1,976,103.61 2,672,064.18
5. Net profit (“-” means loss) -5,068,267.73 14,409,605.50
Net profit attributable to owners of
-7,941,339.20 12,998,744.49
the Company
Minority interests’ income 2,873,071.47 1,410,861.01
6. Other comprehensive income net of
tax
Other comprehensive income net
of tax attributable to owners of the
Company
6.1 Other comprehensive
income that will not be reclassified into
profit/loss
6.1.1 Changes in net liabilities
25
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
or assets with a defined benefit plan
upon re-measurement
6.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
6.2 Other comprehensive
income to be subsequently reclassified
into profit/loss
6.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
6.2.2 Profit/loss on fair value
changes of available-for-sale financial
assets
6.2.3 Profit/loss on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective profit/loss on
cash flow hedges
6.2.5 Currency translation
differences
6.2.6 Other
Other comprehensive income net
of tax attributable to minority interests
7. Total comprehensive income -5,068,267.73 14,409,605.50
Attributable to owners of the
-7,941,339.20 12,998,744.49
Company
Attributable to minority interests 2,873,071.47 1,410,861.01
8. Earnings per share
8.1 Basic earnings per share -0.025 0.041
8.2 Diluted earnings per share -0.025 0.041
Where business mergers under the same control occurred in the current period, the net profit achieved by the merged parties before
the business mergers was RMB0.00, with the corresponding amount for the same period of last year being RMB0.00.
6. Income statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
26
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
1. Operating revenues 0.00 0.00
Less: Operating costs 0.00 0.00
Business tax and surtaxes
Selling expenses
Administrative expenses 7,277,376.74 5,686,333.10
Finance costs 969,899.18 1,039,616.75
Asset impairment loss 0.00
Add: profit on fair value changes (“-”
0.00
means loss)
Return on investment (“-” means
97,229,923.57
loss)
Including: Share of profit/loss of
associates and joint ventures
2. Operating profit (“-” means loss) -8,247,275.92 90,503,973.72
Add: Non-operating revenue 0.00 759,422.82
Including: Profit on disposal of
non-current assets
Less: Non-operating expense 350,000.00 35,611.68
Including: Loss on disposal of
non-current assets
3. Total profit (“-” means loss) -8,597,275.92 91,227,784.86
Less: Corporate income tax
4. Net profit (“-” means loss) -8,597,275.92 91,227,784.86
5. Other comprehensive income net of
tax
5.1 Other comprehensive income that
will not be reclassified into profit and
loss
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
5.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
5.2 Other comprehensive income to
be subsequently reclassified into
profit/loss
5.2.1 Share of other
comprehensive income of investees that
27
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
will be reclassified into profit/loss
under the equity method
5.2.2 Profit/loss on fair value
changes of available-for-sale financial
assets
5.2.3 Profit/loss on reclassifying
held-to-maturity investments into
available-for-sale financial assets
5.2.4 Effective profit/loss on cash
flow hedges
5.2.5 Currency translation
differences
5.2.6 Other
6. Total comprehensive income -8,597,275.92 91,227,784.86
7. Earnings per share
7.1 Basic earnings per share -0.030 0.290
7.2 Diluted earnings per share -0.030 0.290
7. Consolidated cash flow statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of
259,674,830.64 303,300,655.48
commodities and rendering of service
Net increase in money deposits from
customers and interbank placements
Net increase in loans from the
Central Bank
Net increase in funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase in deposits of policy
holders and investment fund
Net increase in disposal of financial
assets at fair value through profit/loss
Interest, fees and commissions
received
28
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Net increase in interbank borrowings
Net increase in funds in repurchase
business
Tax refunds received
Cash received from other operating
916,724,520.92 571,418,764.26
activities
Subtotal of cash inflows from operating
1,176,399,351.56 874,719,419.74
activities
Cash paid for goods and services 284,072,472.80 301,766,123.78
Net increase in loans and advances to
customers
Net increase in funds deposited in the
Central Bank and interbank placements
Cash paid for claims of original
insurance contracts
Interest, fees and commissions paid
Cash paid as policy dividends
Cash paid to and for employees 3,445,059.28 7,927,419.19
Taxes and fares paid 2,843,512.58 4,840,022.71
Cash paid for other operating
916,325,670.61 544,059,934.94
activities
Subtotal of cash outflows from
1,206,686,715.27 858,593,500.62
operating activities
Net cash flows from operating activities -30,287,363.71 16,125,919.12
2. Cash flows from investing activities:
Cash received from retraction of
2,867.06 125,919,434.13
investments
Cash received as return on
10.00 38,176,407.74
investments
Net cash received from disposal of
fixed assets, intangible assets and other 116,000.00 50,000.00
long-term assets
Net cash received from disposal of
194,723,800.00
subsidiaries or other business units
Cash received from other investing
activities
Subtotal of cash inflows from investing
118,877.06 358,869,641.87
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 1,973,030.00 46,014.20
assets
29
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Cash paid for investment 4,491,128.63 116,508,010.16
Net increase in pledged loans
Net cash paid to acquire subsidiaries
and other business units
Cash paid for other investing
activities
Subtotal of cash outflows from
6,464,158.63 116,554,024.36
investing activities
Net cash flows from investing activities -6,345,281.57 242,315,617.51
3. Cash flows from financing activities:
Cash received from capital
15,918,333.46
contributions
Including: Cash received from
minority shareholder investments by 20,000,000.00
subsidiaries
Cash received as borrowings
Cash received from issuance of
bonds
Cash received from other financing
activities
Subtotal of cash inflows from financing
15,918,333.46
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority interests
Cash paid for other financing
activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing activities 15,918,333.46
4. Effect of foreign exchange rate
93.07 43.93
changes on cash and cash equivalents
5. Net increase in cash and cash
-36,632,552.21 274,359,914.02
equivalents
Add: Opening balance of cash and
301,471,305.21 16,669,591.58
cash equivalents
6. Closing balance of cash and cash
264,838,753.00 291,029,505.60
equivalents
30
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
8. Cash flow statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of
395,200.00
commodities and rendering of service
Tax refunds received
Cash received from other operating
14,307,160.33 333,588,381.52
activities
Subtotal of cash inflows from operating
14,702,360.33 333,588,381.52
activities
Cash paid for goods and services
Cash paid to and for employees 899,948.65 787,162.40
Taxes and fares paid 20,425.50 878,726.91
Cash paid for other operating
260,846,015.92 472,923,029.86
activities
Subtotal of cash outflows from
261,766,390.07 474,588,919.17
operating activities
Net cash flows from operating activities -247,064,029.74 -141,000,537.65
2. Cash flows from investing activities:
Cash received from retraction of
105,566,978.42
investments
Cash received as return on
38,143,343.42
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
194,723,800.00
subsidiaries or other business units
Cash received from other investing
activities
Subtotal of cash inflows from investing
338,434,121.84
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 1,180,000.00
assets
Cash paid for investment 94,604,198.27
Net cash paid to acquire subsidiaries
30,000,000.00
and other business units
31
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2016
Cash paid for other investing
activities
Subtotal of cash outflows from
1,180,000.00 124,604,198.27
investing activities
Net cash flows from investing activities -1,180,000.00 213,829,923.57
3. Cash flows from financing activities:
Cash received from capital
contributions
Cash received as borrowings
Cash received from issuance of
bonds
Cash received from other financing
activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Cash paid for other financing
activities
Sub-total of cash outflows from
0.00
financing activities
Net cash flows from financing activities 0.00 0.00
4. Effect of foreign exchange rate
changes on cash and cash equivalents
5. Net increase in cash and cash
-248,244,029.74 72,829,385.92
equivalents
Add: Opening balance of cash and
250,310,105.45 16,198,906.48
cash equivalents
6. Closing balance of cash and cash
2,066,075.71 89,028,292.40
equivalents
II Auditor’s report
Is this Report audited?
□ Yes √ No
This Report is unaudited.
32