Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
THIRD QUARTER REPORT 2019
2019-060
October 2019
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior manage ment of Guangdong Jadiete Holdings Group Company
Limited (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy
and completeness of the contents of this Report and its summary, and s hall be jointly and
severally liable for any misrepresentations, misleading state ments or material omissions
therein.
Except for the following directors, all the other directors attended in person the Board
meeting for the review of this Report and its summary.
Reason for not attending the Proxy entrusted to attend the
Name Office title
meeting in person meeting
Chen Honghai Director Job-related reason Chen Dongwei
Chen Hongcheng, the Company’s legal representative, Chen Jincai, the Company’s Chief
Financial Officer (CFO), and Ze ng Zhihua, head of the Company’s financial departme nt
(equivalent to financial manage r) hereby guarantee that the Financial Statements carried in
this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any
discrepancies or misunderstandings between the two versions, the Chinese version shall
prevail.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Part II Key Corporate Information
I Key Consolidated Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
30 September 2019 31 December 2018 Change (%)
Total assets (RMB) 534,894,325.24 544,902,591.70 -1.84%
Equity attributable to the listed
331,958,587.63 339,099,061.64 -2.11%
company’s shareholders (RM B)
Q3 2019 YoY change (%) Q1-Q3 2019 YoY change (%)
Operating revenue (RM B) 436,921.08 -57.73% 1,332,053.51 -98.60%
Net profit attributable to the listed
-2,878,192.30 7.23% -7,140,474.01 -7.12%
company’s shareholders (RM B)
Net profit attributable to the listed
company’s shareholders before -2,966,466.50 22.29% -7,230,330.92 -19.82%
exceptional items (RM B)
Net cash generated from/used in
-- -- -1,424,882.39 14.20%
operating activities (RM B)
Basic earnings per share
-0.0090 -0.01% -0.0224 -7.05%
(RM B/share)
Diluted earnings per share
-0.0090 -0.01% -0.0224 -7.05%
(RM B/share)
Weighted average return on equity
-0.89% -0.11% -2.18% -0.18%
(%)
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RM B
Item Q1-Q3 2019 Note
Current gains and losses on subsidiaries acquired through
business mergers under same control from period-beginning to 77,525.28
merger dates, net
Other gains and losses that meet definition of nonrecurring
12,052.04
gain/loss
Less: Income tax effects -304.59
Non-controlling interests effects (net of tax) 25.00
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Total 89,856.91 --
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss
Items:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
II Total Numbe r of Shareholde rs and Holdings of Top 10 Shareholde rs at 30 September 2019
1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as
Holdings of Top 10 Shareholders
Unit: share
Number of preferred
Number of ordinary shareholders 9,837 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Name of Nature of Shareholding Private shares Shares in pledge or frozen
Number of shares
shareholder shareholder percentage held Status Shares
SHENZHEN Pledged 117,855,000
SHENGHENGC
Domestic
HANG HUIFU non-state-owned 36.99% 117,855,000 117,855,000
Frozen 117,855,000
legal person
INDUSTRIAL
CO., LTD.
SHENZHEN Pledged 34,020,000
RISHENG
CHUANGYUAN Domestic
non-state-owned 10.68% 34,020,000 34,020,000
ASSET Frozen 34,020,000
legal person
MANAGEM ENT
CO., LTD.
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 7.72% 24,580,755
person
ONGKONG)
LIM ITED
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
SHENWAN
HONGYUAN Foreign legal
3.96% 12,605,215
person
SECURITIES
(HK) LIM ITED
SHENZHEN Pledged 12,150,000
LIANHUA
Domestic
HUIREN non-state-owned 3.81% 12,150,000 12,150,000
Frozen 12,150,000
legal person
INDUSTRIAL
CO., LTD.
TANG Domestic natural
1.70% 5,415,512
HAIM ING person
CHINA
EVERBRIGHT Foreign legal
1.33% 4,226,600
SECURITIES person
(HK) LIM ITED
ESSENCE
INTERNATION
Foreign legal
AL SECURITIES 1.26% 4,018,972
person
(HONG KONG)
LIM ITED
CHEN Domestic natural
0.48% 1,538,451
JIANXING person
FAN Domestic natural
0.47% 1,509,100
JIONGYANG person
Top 10 public shareholders
Shares by type
Name of shareholder Public shares held
Type Shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 24,580,755 listed foreign
LIM ITED stock
Domestically
SHENWAN HONGYUAN
12,605,215 listed foreign
SECURITIES (HK) LIM ITED
stock
Domestically
TANG HAIMING 5,415,512 listed foreign
stock
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Domestically
CHINA EVERBRIGHT
4,226,600 listed foreign
SECURITIES (HK) LIM ITED
stock
ESSENCE INTERNATIONAL Domestically
SECURITIES (HONG KONG) 4,018,972 listed foreign
LIM ITED stock
Domestically
CHEN JIANXING 1,538,451 listed foreign
stock
Domestically
FAN JIONGYANG 1,509,100 listed foreign
stock
Domestically
LIN ZHENM IN 1,152,849 listed foreign
stock
Domestically
CHEN JINM ING 765,500 listed foreign
stock
Domestically
ZHOU HONG 732,919 listed foreign
stock
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset
M anagement Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd., which belonged to
Related or acting-in-concert parties
action-in-concert promulgated by M easures for the Administration of Disclosure of
among shareholders above
Information on the Change of Shareholdings in Listed Companies. The Company did not
know whether there existed related relationship among other shareholders.
Top 10 ordinary shareholders
involved in securities margin trading N/A
(if any)
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the
Company conducted any promissory repo during the Reporting Period.
□ Yes √ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Part III Significant Events
I Changes in Key Consolidated Financial State ment Line Items and Explanation of why
√ Applicable □ Not applicable
During the Reporting Period, influenced by factors such as overall economic downturn, increasing fierce competition among
industries and changes of main customers in businesses, the operating revenue and net profit of Shenzhen Chinese Gold Nobilit y
Jewelry Co., Ltd. dramatically declined, which led to changes in key consolidated financial statement line item.
II Progress, Influence and Solutions with regard to Significant Events
√ Applicable □ Not applicable
Asia Pacific (Group) CPAs (Special General Partnership) issued a qualified opinion on the Company’s financial
statements of 2018. The Board of Directors and the Supervisory Committee of the Company have made the
detailed explanation on the relevant items. Please refer to the documents released on www.cninfo.com.cn on 23
April 2019 and 27 August 2019 respectively for details.
The Company has explained the risk faced and measures planning to be adopted on the annual report of 2018 and
the interim report of 2019, and no significant progress have been made in the relevant significant items.
Summary of the significant event Disclosure date Index to the related announcement
Progress of any share repurchase:
√ Applicable □ Not applicable
The Company hasn’t repurchased any share yet.
Progress of any reduction of the repurchased shares through centralized bidding:
□ Applicable √ Not applicable
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties,
Acquirers, the Company Itself or Other Parties, Failed to Fulfill on Time during the
Reporting Period
√ Applicable □ Not applicable
Date of
Commitment Type of Period of
Commitment Contents commitment Fulfillment
maker commitment commitment
making
Commitments made to share structure
reform
Commitments made to the acquisition
report or shareholding alteration
report
Commitments made to asset
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
restructuring
Commitments made to IPO or
refinance
Commitments made to stock
incentive
Based on the
confidence in
future
development
prospect of the
Company, and
in order to
stabilize the
confidence of
the investors,
protect the
investor
interests
effectively, as
the share price
of the
Within two
Company is
months after
lower than
two business
Other commitments made to minority Shareholding HKD1.5 per
Chen Xuewen 4 June 2019 days when the No fulfillment
shareholders increase share, the
shareholding
number of
increase plan
shareholding
was disclosed
increase shall
be over 1
million shares
within two
months after
two business
days when the
shareholding
increase plan
was disclosed.
Self-owned
capital will be
carried out by
competitive
price
transaction via
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
SZSE. During
the
implementatio
n of the
shareholding
increase plan,
the conductor
shall not
reduce
shareholding
of the
Company in
the period of
implementatio
n of the
shareholding
increase plan
and legal time
limit, and
comply with
the relevant
regulations of
CSRC and
SZSE.
Fulfilled on time N/A
Ms Chen Xuewen failed to completed the shareholding increase plan compliance with the
regulations within the appointed time due to shortened valid time resulted from effects of
sensitive period of information disclosure during the commitment period to increase
shareholding, as well as the inability to arrange the time for increasing shareholding resulted
from the busy affairs. During the expansion period of the shareholding increase, the term
When the commitment was not
“Within two months after two business days when the notice of shareholding increase plan
completely fulfilled at maturity, the
was disclosed” was changed to “Within four months after two business days when the notice
specific reasons and following work
of shareholding increase plan was disclosed (the period of the shareholding increase will be
plan shall be given
expanded correspondingly due to the stock suspension)”, namely changing 7 June 2019 to 6
October 2019 (the period of the shareholding increase will be expanded correspondingly due
to the stock suspension). The Proposal of Commitment Alteration was reviewed and
approved by the 29th M eeting of the 7th Board of Directors held on 8 August 2019, but hasn’t
been approved on the 2nd Extraordinary General M eeting of 2019.
IV Securities Investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
V Wealth Manage ment Entrustment
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VI Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Communications with the Investment Community such as Researches, Inquiries and
Inte rvie ws during the Reporting Period
√ Applicable □ Not applicable
Type of communication Index to main information
Date Way of communication
party communicated
The progress of shareholding increase
25 July 2019 By phone Individual
and share repurchase
The time of exchange, window phase
19 August 2019 By phone Individual
and share price lower than par value
20 August 2019 By phone Individual The matters of share repurchase
Enquiry letter of annual report and
21 August 2019 By phone Individual
annual profit measures of 2019
Acquaintance with shareholding increase
24 September 2019 By phone Individual
and share repurchase
VIII Irregularities in the Provision of Guarantees
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s Capital by the Controlling Shareholder or Its Related
Parties for Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Guangdong Jadiete Holdings Group Company Limited
23 October 2019
Unit: RM B
Item 30 September 2019 31 December 2018
Current assets:
M onetary capital 586,803.83 1,613,340.23
Settlement reserve
Interbank loans granted
Trading financial assets
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes receivable
Accounts receivable 15,973,168.24 22,021,179.73
Accounts receivable financing
Prepayments 409,744.85 30,946,946.32
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 4,149,640.56 4,189,883.29
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 186,021,722.09 158,915,234.32
Contractual assets
Assets classified as held for sale 149,998,221.71 149,998,221.71
Current portion of non-current assets
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Other current assets 27,109,101.15 23,600,078.85
Total current assets 384,248,402.43 391,284,884.45
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Available-for-sale financial assets
Investments in other debt obligations
Held-to-maturity investments
Long-term receivables
Long-term equity investments 100,600,000.00 100,600,000.00
Investments in other equity
instruments
Other non-current financial assets
Investment property 4,675,547.31 4,774,374.35
Fixed assets 33,011,973.71 34,965,810.73
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 8,116,234.78 8,444,458.00
R&D expense 300,705.00
Goodwill
Long-term prepaid expense 447,710.69 536,172.24
Deferred income tax assets 3,794,456.32 3,996,186.93
Other non-current assets
Total non-current assets 150,645,922.81 153,617,707.25
Total assets 534,894,325.24 544,902,591.70
Current liabilities:
Short-term borrowings
Borrowings from central bank
Interbank loans obtained
Trading financial liabilities
Financial liabilities at fair value
through profit or loss
Derivative financial liabilities
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Notes payable
Accounts payable 16,192,814.72 16,141,549.26
Advances from customers 86,434,192.53 86,215,991.53
Contractual liabilities
Financial assets sold under
repurchase agreements
Customer deposits and interbank
deposits
Payables for acting trading of
securities
Payables for underwriting of
securities
Payroll payable 2,398,655.94 1,369,295.25
Taxes payable 24,593,658.42 23,985,993.86
Other payables 42,181,470.37 46,728,023.22
Including: Interest payable
Dividends payable
Handling charges and commissions
payable
Reinsurance payables
Liabilities directly associated with
assets classified as held for sale
Current portion of non-current
59,552.00
liabilities
Other current liabilities
Total current liabilities 171,800,791.98 174,500,405.12
Non-current liabilities:
Insurance contract reserve
Long-term borrowings
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term payroll payable
Provisions
Deferred income
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 171,800,791.98 174,500,405.12
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves 52,303,274.80 52,303,274.80
Less: Treasury stock
Other comprehensive income
Specific reserve
Surplus reserves 86,036,260.20 86,036,260.20
General reserve
Retained earnings -124,980,947.37 -117,840,473.36
Total equity attributable to owners of
331,958,587.63 339,099,061.64
the Company as the parent
Non-controlling interests 31,134,945.63 31,303,124.94
Total owners’ equity 363,093,533.26 370,402,186.58
Total liabilities and owners’ equity 534,894,325.24 544,902,591.70
Legal representative: Ding Lihong Chief Financial Officer: Chen Jincai Head of financial department: Zeng Zhihua
2. Balance Sheet of the Company as the Parent
Unit: RM B
Item 30 September 2019 31 December 2018
Current assets:
M onetary capital 117,102.63 150,376.48
Trading financial assets
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes receivable
Accounts receivable
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Accounts receivable financing
Prepayments
Other receivables 124,242,720.55 124,003,172.06
Including: Interest receivable
Dividends receivable
Inventories
Contractual assets
Assets classified as held for sale 149,998,221.71 149,998,221.71
Current portion of non-current assets
Other current assets
Total current assets 274,358,044.89 274,151,770.25
Non-current assets:
Investments in debt obligations
Available-for-sale financial assets
Investments in other debt obligations
Held-to-maturity investments
Long-term receivables
Long-term equity investments 180,600,008.26 180,758,208.26
Investments in other equity
instruments
Other non-current financial assets
Investment property 4,675,547.31 4,774,374.35
Fixed assets 31,812,275.79 33,386,544.09
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 8,116,234.78 8,316,682.67
R&D expense
Goodwill
Long-term prepaid expense
Deferred income tax assets 2,527,871.57 2,565,371.57
Other non-current assets
Total non-current assets 227,731,937.71 229,801,180.94
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Total assets 502,089,982.60 503,952,951.19
Current liabilities:
Short-term borrowings
Trading financial liabilities
Financial liabilities at fair value
through profit or loss
Derivative financial liabilities
Notes payable
Accounts payable 19,442.64 19,442.64
Advances from customers 75,398,103.66 75,178,103.66
Contractual liabilities
Payroll payable 1,880,133.78 930,883.49
Taxes payable 17,336,842.98 16,728,652.55
Other payables 16,614,215.60 14,802,406.86
Including: Interest payable
Dividends payable
Liabilities directly associated with
assets classified as held for sale
Current portion of non-current
liabilities
Other current liabilities
Total current liabilities 111,248,738.66 107,659,489.20
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term payroll payable
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Total liabilities 111,248,738.66 107,659,489.20
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Other comprehensive income
Specific reserve
Surplus reserves 86,036,260.20 86,036,260.20
Retained earnings -65,924,512.84 -60,472,294.79
Total owners’ equity 390,841,243.94 396,293,461.99
Total liabilities and owners’ equity 502,089,982.60 503,952,951.19
3. Consolidated Income Statement for Q3
Unit: RM B
Item Q3 2019 Q3 2018
1. Revenue 436,921.08 1,033,574.67
Including: Operating revenue 436,921.08 1,033,574.67
Interest income
Premium income
Handling charge and
commission income
2. Costs and expenses 3,214,370.60 3,646,311.47
Including: Cost of sales 477,296.49 605,454.83
Interest expense
Handling charge and
commission expense
Surrenders
Net claims paid
Net amount provided as
policy reserve
Expenditure on policy
dividends
Reinsurance premium
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
expense
Taxes and surcharges 207,172.80 206,867.42
Selling expense 64,865.77 254,027.97
Administrative expense 2,316,576.23 2,308,300.67
R&D expense
Finance costs 148,459.31 271,660.58
Including: Interest
expense
Interest
income
Add: Other income
Return on investment (“-” for loss)
Including: Share of profit or loss
of joint ventures and associates
Derecognition income of
financial assets measured at amortized
cost
Foreign exchange gain (“-” for
loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
for loss)
Credit impairment loss (“-” for
loss)
Asset impairment loss (“-” for loss) -189,347.91 -226,683.27
Asset disposal income (“-” for loss)
3. Operating profit (“-” for loss) -2,966,797.43 -2,839,420.07
Add: Non-operating income 1,972.13 1,378.07
Less: Non-operating expense 1,192.74 32,562.76
4. Profit before tax (“-” for loss) -2,966,018.04 -2,870,604.76
Less: Income tax expense 0.00
5. Net profit (“-” for net loss) -2,966,018.04 -2,870,604.76
5.1 By operating continuity
5.1.1 Net profit from continuing
operations (“-” for net loss)
5.1.2 Net profit from discontinued
operations (“-” for net loss)
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
5.2 By ownership
5.2.1 Net profit attributable to
-2,878,192.30 -2,684,050.35
owners of the Company as the parent
5.2.2 Net profit attributable to
-87,825.74 -186,554.41
non-controlling interests
6. Other comprehensive income, net of
tax
Attributable to owners of the Company
as the parent
6.1 Items that will not be
reclassified to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
pension schemes
6.1.2 Other comprehensive
income that will not be reclassified to
profit or loss under the equity method
6.1.3 Changes in the fair value of
investments in other equity instruments
6.1.4 Changes in the fair value of
the company’s credit risks
6.1.5 Other
6.2 Items that will be reclassified to
profit or loss
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
investments in other debt obligations
6.2.3 Gain/Loss on changes in the
fair value of available-for-sale financial
assets
6.2.4 Other comprehensive
income arising from the reclassification
of financial assets
6.2.5 Gain/Loss arising from the
reclassification of held-to-maturity
investments to available-for-sale financial
assets
6.2.6 Allowance for credit
impairments in investments in other debt
obligations
6.2.7 Reserve for cash flow
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
hedges
6.2.8 Differences arising from the
translation of foreign
currency-denominated financial
statements
6.2.9 Other
Attributable to non-controlling
interests
7. Total comprehensive income -2,966,018.04 -2,870,604.76
Attributable to owners of the Company
-2,878,192.30 -2,684,050.35
as the parent
Attributable to non-controlling
-87,825.74 -186,554.41
interests
8. Earnings per share
8.1 Basic earnings per share -0.0090 -0.0084
8.2 Diluted earnings per share -0.0090 -0.0084
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RM B0.00, with the amount for the same period of last year being RM B0.00.
Legal representative: Ding Lihong Chief Financial Officer: Chen Jincai Head of financial dep artment: Zeng Zhihua
4. Income Statement of the Company as the Parent for Q3
Unit: RM B
Item Q3 2019 Q3 2018
1. Operating revenue 0.00 0.00
Less: Cost of sales 0.00 0.00
Taxes and surcharges 207,000.00 207,000.00
Selling expense
Administrative expense 1,730,083.45 1,502,387.89
R&D expense
Finance costs 335.57 -20,120.72
Including: Interest expense
Interest income
Add: Other income
Return on investment (“-” for
loss)
Including: Share of profit or
loss of joint ventures and associates
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Derecognition income of
financial assets measured at amortized
cost
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
for loss)
Credit impairment loss (“-” for
loss)
Asset impairment loss (“-” for
loss)
Asset disposal income (“-” for
loss)
2. Operating profit (“-” for loss) -1,937,419.02 -1,689,267.17
Add: Non-operating income
Less: Non-operating expense 1,034.96 129.76
3. Profit before tax (“-” for loss) -1,938,453.98 -1,689,396.93
Less: Income tax expense
4. Net profit (“-” for net loss) -1,938,453.98 -1,689,396.93
4.1 Net profit from continuing
operations (“-” for net loss)
4.2 Net profit from discontinued
operations (“-” for net loss)
5. Other comprehensive income, net of
tax
5.1 Items that will not be reclassified
to profit or loss
5.1.1 Changes caused by
remeasurements on defined benefit
pension schemes
5.1.2 Other comprehensive income
that will not be reclassified to profit or
loss under the equity method
5.1.3 Changes in the fair value of
investments in other equity instruments
5.1.4 Changes in the fair value of
the company’s credit risks
5.1.5 Other
5.2 Items that will be reclassified to
profit or loss
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Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
5.2.1 Other comprehensive income
that will be reclassified to profit or loss
under the equity method
5.2.2 Changes in the fair value of
investments in other debt obligations
5.2.3 Gain/Loss on changes in the
fair value of available-for-sale financial
assets
5.2.4 Other comprehensive income
arising from the reclassification of
financial assets
5.2.5 Gain/Loss arising from the
reclassification of held-to-maturity
investments to available-for-sale
financial assets
5.2.6 Allowance for credit
impairments in investments in other
debt obligations
5.2.7 Reserve for cash flow hedges
5.2.8 Differences arising from the
translation of foreign
currency-denominated financial
statements
5.2.9 Other
6. Total comprehensive income -1,938,453.98 -1,689,396.93
7. Earnings per share
7.1 Basic earnings per share -0.0061 -0.0053
7.2 Diluted earnings per share -0.0061 -0.0053
5. Consolidated Income Statement for Q1~Q3
Unit: RM B
Item Q1~Q3 2019 Q1~Q3 2018
1. Revenue 1,332,053.51 95,083,226.42
Including: Operating revenue 1,332,053.51 95,083,226.42
Interest income
Premium income
Handling charge and
commission income
2. Operating costs and expenses 9,136,200.98 104,789,040.96
22
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Including: Cost of sales 1,327,923.30 93,962,141.50
Interest expense
Handling charge and
commission expense
Surrenders
Net claims paid
Net amount provided as
policy reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and surcharges 622,589.34 703,481.33
Selling expense 363,368.41 1,383,147.50
Administrative expense 6,626,216.14 8,404,895.73
R&D expense
Finance costs 196,103.79 335,374.90
Including: Interest
expense
Interest
income
Add: Other income
Investment income (“-” for loss) 77,525.28 536.00
Including: Share of profit or loss
of joint ventures and associates
Derecognition income of financial
assets measured at amortized cost
Foreign exchange gain (“-” for
loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
for loss)
Credit impairment loss (“-” for
loss)
Asset impairment loss (“-” for loss) 607,647.44 2,715,536.92
Asset disposal income (“-” for loss)
3. Operating profit (“-” for loss) -7,118,974.75 -6,989,741.62
23
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Add: Non-operating income 15,249.08 601,378.07
Less: Non-operating expense 3,197.04 221,569.91
4. Profit before tax (“-” for loss) -7,106,922.71 -6,609,933.46
Less: Income tax expense 201,730.61 768,741.42
5. Net profit (“-” for net loss) -7,308,653.32 -7,378,674.88
5.1 By operating continuity
5.1.1 Net profit from continuing
operations (“-” for net loss)
5.1.2 Net profit from discontinued
operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
-7,140,474.01 -7,688,250.26
owners of the Company as the parent
5.2.2 Net profit attributable to
-168,179.31 309,575.38
non-controlling interests
6. Other comprehensive income, net of
tax
Attributable to owners of the Company
as the parent
6.1 Items that will not be
reclassified to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
pension schemes
6.1.2 Other comprehensive
income that will not be reclassified to
profit or loss under the equity method
6.1.3 Changes in the fair value of
investments in other equity instruments
6.1.4 Changes in the fair value of
the company’s credit risks
6.1.5 Other
6.2 Items that will be reclassified to
profit or loss
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
investments in other debt obligations
6.2.3 Gain/Loss on changes in the
fair value of available-for-sale financial
24
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
assets
6.2.4 Other comprehensive
income arising from the reclassification
of financial assets
6.2.5 Gain/Loss arising from the
reclassification of held-to-maturity
investments to available-for-sale financial
assets
6.2.6 Allowance for credit
impairments in investments in other debt
obligations
6.2.7 Reserve for cash flow
hedges
6.2.8 Differences arising from the
translation of foreign
currency-denominated financial
statements
6.2.9 Other
Attributable to non-controlling
interests
7. Total comprehensive income -7,308,653.32 -7,378,674.88
Attributable to owners of the Company
-7,140,474.01 -7,688,250.26
as the parent
Attributable to non-controlling
-168,179.31 309,575.38
interests
8. Earnings per share
8.1 Basic earnings per share -0.0224 -0.0241
8.2 Diluted earnings per share -0.0224 -0.0241
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees bef ore
the combinations was RM B0.00, with the amount for the same period of last year being RM B0.00.
Legal representative: Ding Lihong Chief Financial Officer: Chen Jincai Head of financial department: Zeng Zhihua
6. Income Statement of the Company as the Parent for Q1~Q3
Unit: RM B
Item Q1~Q3 2019 Q1~Q3 2018
1. Operating revenue 0.00 0.00
Less: Cost of sales 0.00 0.00
Taxes and surcharges 621,000.00 621,000.00
Selling expense
25
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Administrative expense 4,938,686.64 5,998,000.22
R&D expense
Finance costs 3,504.48 13,087.65
Including: Interest expense
Interest income
Add: Other income
Investment income (“-” for loss)
Including: Share of profit or
loss of joint ventures and associates
Derecognition income of
financial assets measured at amortized
cost
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
for loss)
Credit impairment loss (“-” for
loss)
Asset impairment loss (“-” for
150,000.00 368,000.00
loss)
Asset disposal income (“-” for
loss)
2. Operating profit (“-” for loss) -5,413,191.12 -6,264,087.87
Add: Non-operating income
Less: Non-operating expense 1,526.93 321.13
3. Profit before tax (“-” for loss) -5,414,718.05 -6,264,409.00
Less: Income tax expense 37,500.00 92,000.00
4. Net profit (“-” for net loss) -5,452,218.05 -6,356,409.00
4.1 Net profit from continuing
operations (“-” for net loss)
4.2 Net profit from discontinued
operations (“-” for net loss)
5. Other comprehensive income, net of
tax
5.1 Items that will not be reclassified
to profit or loss
5.1.1 Changes caused by
remeasurements on defined benefit
pension schemes
26
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
5.1.2 Other comprehensive income
that will not be reclassified to profit or
loss under the equity method
5.1.3 Changes in the fair value of
investments in other equity instruments
5.1.4 Changes in the fair value of
the company’s credit risks
5.1.5 Other
5.2 Items that will be reclassified to
profit or loss
5.2.1 Other comprehensive income
that will be reclassified to profit or loss
under the equity method
5.2.2 Changes in the fair value of
investments in other debt obligations
5.2.3 Gain/Loss on changes in the
fair value of available-for-sale financial
assets
5.2.4 Other comprehensive income
arising from the reclassification of
financial assets
5.2.5 Gain/Loss arising from the
reclassification of held-to-maturity
investments to available-for-sale
financial assets
5.2.6 Allowance for credit
impairments in investments in other
debt obligations
5.2.7 Reserve for cash flow hedges
5.2.8 Differences arising from the
translation of foreign
currency-denominated financial
statements
5.2.9 Other
6. Total comprehensive income -5,452,218.05 -6,356,409.00
7. Earnings per share
7.1 Basic earnings per share -0.02 -0.02
7.2 Diluted earnings per share -0.02 -0.02
7. Consolidated Cash Flow Statement for Q1~Q3
Unit: RM B
27
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Item Q1~Q3 2019 Q1~Q3 2018
1. Cash flows from operating activities:
Proceeds from sale of commodities
8,416,489.53 243,922,799.73
and rendering of services
Net increase in customer deposits and
interbank deposits
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, handling charges and
commissions received
Net increase in interbank loans
obtained
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax rebates 2,173.89
Cash generated from other operating
3,210,213.74 57,503,486.43
activities
Subtotal of cash generated from
11,626,703.27 301,428,460.05
operating activities
Payments for commodities and
1,237,034.59 240,299,871.25
services
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and in interbank loans granted
Payments for claims on original
insurance contracts
Net increase in interbank loans
granted
Interest, handling charges and
commissions paid
Policy dividends paid
28
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Cash paid to and for employees 1,986,543.28 4,584,065.60
Taxes paid 43,254.89 613,814.06
Cash used in other operating
9,784,752.90 57,178,417.20
activities
Subtotal of cash used in operating
13,051,585.66 302,676,168.11
activities
Net cash generated from/used in
-1,424,882.39 -1,247,708.06
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment 220,000.00 6,852.00
Return on investment
Net proceeds from the disposal of
fixed assets, intangible assets and other 176,764.75
long-lived assets
Net proceeds from the disposal of
90,000.00
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
486,764.75 6,852.00
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other 56,858.03 611,854.67
long-lived assets
Payments for investments -2,710.58
Net increase in pledged loans granted
Net payments for the acquisition of
30,000.00
subsidiaries and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
86,858.03 609,144.09
activities
Net cash generated from/used in
399,906.72 -602,292.09
investing activities
3. Cash flows from financing activities:
Capital contributions received 56,900.00
Including: Capital contributions by
non-controlling interests to subsidiaries
Borrowings obtained
Cash generated from other financing
activities
Subtotal of cash generated from 56,900.00
29
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
financing activities
Repayments of borrowings
Payments for interest and dividends
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing
activities
Subtotal of cash used in financing
activities
Net cash generated from/used in
56,900.00
financing activities
4. Effect of foreign exchange rate
103.60 59.32
changes on cash and cash equivalents
5. Net increase in cash and cash
-1,024,872.07 -1,793,040.83
equivalents
Add: Cash and cash equivalents,
1,611,675.90 2,956,199.38
beginning of the period
6. Cash and cash equivalents, end of the
586,803.83 1,163,158.55
period
8. Cash Flow Statement of the Company as the Parent for Q1~Q3
Unit: RM B
Item Q1~Q3 2019 Q1~Q3 2018
1. Cash flows from operating activities:
Proceeds from sale of commodities
and rendering of services
Tax rebates
Cash generated from other op erating
8,316,397.40 54,443,244.98
activities
Subtotal of cash generated from
8,316,397.40 54,443,244.98
operating activities
Payments for commodities and
services
Cash paid to and for employees 485,517.03 749,860.79
Taxes paid 13,203.74 59,139.07
Cash used in other operating
8,130,950.48 53,595,002.19
activities
Subtotal of cash used in operating
8,629,671.25 54,404,002.05
activities
Net cash generated from/used in
-313,273.85 39,242.93
operating activities
30
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
2. Cash flows from investing activities:
Proceeds from disinvestment 220,000.00
Return on investment
Net proceeds from the disposal of
fixed assets, intangible assets and other
long-lived assets
Net proceeds from the disposal of
90,000.00
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
310,000.00
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other
long-lived assets
Payments for investments 30,000.00
Net payments for the acquisition of
30,000.00
subsidiaries and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
30,000.00 30,000.00
activities
Net cash generated from/used in
280,000.00 -30,000.00
investing activities
3. Cash flows from financing activities:
Capital contributions received
Borrowings obtained
Cash generated from other financing
activities
Subtotal of cash generated from
financing activities
Repayments of borrowings
Payments for interest and dividends
Cash used in other financing
activities
Subtotal of cash used in financing
activities
Net cash generated from/used in
financing activities
4. Effect of foreign exchange rate
changes on cash and cash equivalents
31
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
5. Net increase in cash and cash
-33,273.85 9,242.93
equivalents
Add: Cash and cash equivalents,
150,376.48 166,675.93
beginning of the period
6. Cash and cash equivalents, end of the
117,102.63 175,918.86
period
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the Execution of any New Standards
Governing Financial Instruments, Revenue or Leases from 2019
√ Applicable □ Not applicable
Consolidated Balance Sheet
Unit: RM B
Item 31 December 2018 1 January 2019 Adjustment
Current assets:
M onetary capital 1,613,340.23
Settlement reserve
Interbank loans granted
Trading financial assets
Financial assets at fair
value through profit or loss
Derivative financial assets
Notes receivable
Accounts receivable 22,021,179.73
Accounts receivable
financing
Prepayments 30,946,946.32
Premiums receivable
Reinsurance receivables
Receivable reinsurance
contract reserve
Other receivables 4,189,883.29
Including: Interest
receivable
Dividends
receivable
Financial assets purchased
32
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
under resale agreements
Inventories 158,915,234.32
Contractual assets
Assets classified as held
149,998,221.71
for sale
Current portion of
non-current assets
Other current assets 23,600,078.85
Total current assets 391,284,884.45
Non-current assets:
Loans and advances to
customers
Investments in debt
obligations
Available-for-sale financial
assets
Investments in other debt
obligations
Held-to-maturity
investments
Long-term receivables
Long-term equity
100,600,000.00
investments
Investments in other equity
instruments
Other non-current financial
assets
Investment property 4,774,374.35
Fixed assets 34,965,810.73
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 8,444,458.00
R&D expense 300,705.00
Goodwill
Long-term prepaid
536,172.24
expense
33
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Deferred income tax assets 3,996,186.93
Other non-current assets
Total non-current assets 153,617,707.25
Total assets 544,902,591.70
Current liabilities:
Short-term borrowings
Borrowings from central
bank
Interbank loans obtained
Trading financial liabilities
Financial liabilities at fair
value through profit or loss
Derivative financial
liabilities
Notes payable
Accounts payable 16,141,549.26
Advances from customers 86,215,991.53
Contractual liabilities
Financial assets sold under
repurchase agreements
Customer deposits and
interbank deposits
Payables for acting trading
of securities
Payables for underwriting
of securities
Payroll payable 1,369,295.25
Taxes payable 23,985,993.86
Other payables 46,728,023.22
Including: Interest
payable
Dividends
payable
Handling charges and
commissions payable
Reinsurance payables
Liabilities directly
associated with assets
classified as held for sale
34
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Current portion of
59,552.00
non-current liabilities
Other current liabilities
Total current liabilities 174,500,405.12
Non-current liabilities:
Insurance contract reserve
Long-term borrowings
Bonds payable
Including: Preferred
shares
Perpetual
bonds
Lease liabilities
Long-term payables
Long-term payroll payable
Provisions
Deferred income
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities
Total liabilities 174,500,405.12
Owners’ equity:
Share capital 318,600,000.00
Other equity instruments
Including: Preferred
shares
Perpetual
bonds
Capital reserves 52,303,274.80
Less: Treasury stock
Other comprehensive
income
Specific reserve
Surplus reserves 86,036,260.20
General reserve
Retained earnings -117,840,473.36
35
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Total equity attributable to
owners of the Company as 339,099,061.64
the parent
Non-controlling interests 31,303,124.94
Total owners’ equity 370,402,186.58
Total liabilities and owners’
544,902,591.70
equity
Note for adjustment:
The Company executed the new standards, but hasn’t involved the adjustment to the financial statements.
Balance Sheet of the Company as the Parent
Unit: RM B
Item 31 December 2018 1 January 2019 Adjustment
Current assets:
M onetary capital 150,376.48
Trading financial assets
Financial assets at fair
value through profit or loss
Derivative financial assets
Notes receivable
Accounts receivable
Accounts receivable
financing
Prepayments
Other receivables 124,003,172.06
Including: Interest
receivable
Dividends
receivable
Inventories
Contractual assets
Assets classified as held
149,998,221.71
for sale
Current portion of
non-current assets
Other current assets
Total current assets 274,151,770.25
Non-current assets:
Investments in debt
36
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
obligations
Available-for-sale financial
assets
Investments in other debt
obligations
Held-to-maturity
investments
Long-term receivables
Long-term equity
180,758,208.26
investments
Investments in other equity
instruments
Other non-current financial
assets
Investment property 4,774,374.35
Fixed assets 33,386,544.09
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 8,316,682.67
R&D expense
Goodwill
Long-term prepaid
expense
Deferred income tax assets 2,565,371.57
Other non-current assets
Total non-current assets 229,801,180.94
Total assets 503,952,951.19
Current liabilities:
Short-term borrowings
Trading financial liabilities
Financial liabilities at fair
value through profit or loss
Derivative financial
liabilities
Notes payable
Accounts payable 19,442.64
37
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Advances from customers 75,178,103.66
Contractual liabilities
Payroll payable 930,883.49
Taxes payable 16,728,652.55
Other payables 14,802,406.86
Including: Interest
payable
Dividends
payable
Liabilities directly
associated with assets
classified as held for sale
Current portion of
non-current liabilities
Other current liabilities
Total current liabilities 107,659,489.20
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: Preferred
shares
Perpetual
bonds
Lease liabilities
Long-term payables
Long-term payroll payable
Provisions
Deferred income
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities
Total liabilities 107,659,489.20
Owners’ equity:
Share capital 318,600,000.00
Other equity instruments
38
Guangdong Jadiete Holdings Group Company Limited Third Quarter Report 2019
Including: Preferred
shares
Perpetual
bonds
Capital reserves 52,129,496.58
Less: Treasury stock
Other comprehensive
income
Specific reserve
Surplus reserves 86,036,260.20
Retained earnings -60,472,294.79
Total owners’ equity 396,293,461.99
Total liabilities and owners’
503,952,951.19
equity
Note for adjustment:
The Company executed the new standards, but hasn’t involved the adjustment to the financial statements.
2. Retrospective Restatement of Previous Comparative Data due to the Execution of any New Standards
Governing Financial Instruments or Leases from 2019
√ Applicable □ Not applicable
The Company executed the new standards, but hasn’t involved the adjustment to the financial statements.
III Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
39
