Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
FIRST QUARTER REPORT 2020
2020-008
April 2020
1
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management 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 shall be jointly and
severally liable for any misrepresentations, misleading statements or material omissions
therein.
Other directors attended the board session in person for reviewing this report exclusive of the
following directors.
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 Zeng Zhihua, head of the Company’s financial department
(equivalent to financial manager) 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 First Quarter Report 2020
Part II Key Corporate Information
I Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q1 2020 Q1 2019 Change (%)
Operating revenue (RMB) 2,719,875.42 356,917.07 662.05%
Net profit attributable to the listed
3,810,690.98 -2,170,489.40 -275.57%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional -2,145,457.64 -2,254,549.76 -1,046.77%
items (RMB)
Net cash generated from/used in operating
16,157,939.67 -839,954.80 4.84%
activities (RMB)
Basic earnings per share (RMB/share) 0.0120 -0.0068 -276.47%
Diluted earnings per share (RMB/share) 0.0120 -0.0068 -276.47%
Weighted average return on equity (%) 1.23% -0.61% -301.64%
31 March 2020 31 December 2019 Change (%)
Total assets (RMB) 500,362,851.76 514,650,229.26 -2.78%
Equity attributable to the listed company’s
348,909,019.38 345,098,328.40 1.10%
shareholders (RMB)
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
Item Q1 2020 Note
Other gains and losses that meet definition of nonrecurring
1,039.30
gain/loss
Depreciation reserves returns of receivables with separate
8,822,884.58
depreciation test
Less: Income tax effects 2,205,980.97
Non-controlling interests effects (net of tax) 661,794.29
Total 5,956,148.62 --
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
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Items:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 31 March 2020
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 shareholders
Number of ordinary shareholders at
9,205 with resumed voting rights at the 0
the period-end
period-end (if any)
Top 10 shareholders
Name of Nature of Shareholding Private shares Shares in pledge or frozen
Total shares held
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
MANAGEMENT
CO., LTD.
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 7.24% 23,050,955
person
ONGKONG)
LIMITED
SHENWAN
HONGYUAN 4.63% 14,739,516
SECURITIES
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
(HK) LIMITED
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.
ESSENCE
INTERNATION
Foreign legal
AL SECURITIES 2.31% 7,372,333
person
(HONG KONG)
LIMITED
Haitong
International
Securities Foreign legal
2.07% 6,587,383
Company person
Limited-Account
Client
TANG
1.49% 4,738,000
HAIMING
CHINA
EVERBRIGHT Foreign legal
1.33% 4,226,600
SECURITIES person
(HK) LIMITED
CHEN Domestic natural
0.58% 1,850,695
JIANXING person
Top 10 public shareholders
Shares by type
Name of shareholder Public shares held
Type Shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 23,050,955 listed foreign 23,050,955
LIMITED stock
SHENWAN HONGYUAN Domestically
14,739,516 listed foreign 14,739,516
SECURITIES (HK) LIMITED stock
ESSENCE INTERNATIONAL Domestically
SECURITIES (HONG KONG) 7,372,333 listed foreign 7,372,333
LIMITED stock
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Domestically
Haitong International Securities
6,587,383 listed foreign 6,587,383
Company Limited-Account Client
stock
Domestically
TANG HAIMING 4,738,000 listed foreign 4,738,000
stock
Domestically
CHINA EVERBRIGHT
4,226,600 listed foreign 4,226,600
SECURITIES (HK) LIMITED
stock
Domestically
CHEN JIANXING 1,850,695 listed foreign 1,850,695
stock
Domestically
LIN ZHENMIN 1,152,849 listed foreign 1,152,849
stock
Domestically
CHEN JINMING 765,500 listed foreign 765,500
stock
Domestically
LIU YONGHE 722,440 listed foreign 722,440
stock
Related or acting-in-concert parties
Related or acting-in-concert parties are unknown.
among the shareholders above
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.
□ Yea √ 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 First Quarter Report 2020
Part III Significant Events
I Changes in Key Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
Monetary assets decreased as at 31 March 2020 compared to 31 December 2019 primarily due to operation reasons; accounts
receivable decreased as at 31 March 2020 compared to 31 December 2019 primarily due to the collection of payments in the
Reporting Period; other payables decreased as at 31 March 2020 compared to 31 December 2019 primarily due to the payment for
equity acquisition; operating revenue and cost of sales in Q1 2020 increased compared to Q1 2019 primarily due to the increase in
sales revenue; and asset impairment loss in Q1 2020 changed considerably compared to Q1 2019 primarily due to the reversed
impairment allowances.
II Progress, Influence and Solutions with regard to Significant Events
√ Applicable □ Not applicable
Asia Pacific (Group) CPAs (Special General Partnership) issued a qualified opinion with emphasis on matter paragraph and internal
control audit report with adverse opinion on the Company’s financial statements of 2019. The Company made a specific explanation
on the items involved in the modified audit opinion and internal control adverse opinion. Please refer to the announcement of the
Company published on 28 April 2020 for details.
Summary of the significant event Disclosure date Index to the related announcement
Specific explanation on the items involved
in the qualified opinion with emphasis on 28 April 2020 Published on www.cninfo.com.cn
matter paragraph
Specific explanation on the items involved
in the internal control audit report with 28 April 2020 Published on www.cninfo.com.cn
adverse opinion
Progress of any share repurchase:
□ Applicable √ Not applicable
No share repurchase.
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
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
IV Securities Investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
V Wealth Management 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
Interviews during the Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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 First Quarter Report 2020
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Guangdong Jadiete Holdings Group Company Limited
31 March 2020
Unit: RMB
Item 31 March 2020 31 December 2019
Current assets:
Monetary assets 630,867.06 1,259,899.63
Settlement reserve
Interbank loans granted
Held-for-trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable 107,198.52 9,124,432.68
Accounts receivable financing
Prepayments 376,502.83 314,810.13
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 3,323,527.66 3,362,628.68
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 172,156,016.42 173,929,882.99
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 25,096,981.77 25,096,981.77
Total current assets 351,689,315.97 363,086,857.59
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
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 5,792,810.34 5,868,823.78
Fixed assets 31,055,385.46 31,563,817.93
Construction in progress
Productive living assets
Oil and gas assets
Use rights assets
Intangible assets 7,220,145.97 7,286,961.93
R&D expense
Goodwill
Long-term prepaid expense 382,004.93 414,857.81
Deferred income tax assets 3,623,189.09 5,828,910.22
Other non-current assets
Total non-current assets 148,673,535.79 151,563,371.67
Total assets 500,362,851.76 514,650,229.26
Current liabilities:
Short-term borrowings
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 16,045,308.81 16,088,889.66
Advances from customers 86,449,383.25 86,443,115.70
Contractual liabilities
Financial assets sold under
repurchase agreements
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Customer deposits and interbank
deposits
Payables for acting trading of
securities
Payables for underwriting of
securities
Payroll payable 3,402,734.39 2,895,329.45
Taxes payable 25,797,661.44 25,253,599.38
Other payables 16,924,244.71 36,678,743.30
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
liabilities
Other current liabilities
Total current liabilities 148,619,332.60 167,359,677.49
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 148,619,332.60 167,359,677.49
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves 56,306,298.82 56,306,298.82
Less: Treasury stock
Other comprehensive income
Specific reserve
Surplus reserves 86,036,260.20 86,036,260.20
General reserve
Retained earnings -112,033,539.64 -115,844,230.62
Total equity attributable to owners of
348,909,019.38 345,098,328.40
the Company as the parent
Non-controlling interests 2,834,499.78 2,192,223.37
Total owners’ equity 351,743,519.16 347,290,551.77
Total liabilities and owners’ equity 500,362,851.76 514,650,229.26
Legal representative: Chen Hongcheng (interim) Chief Financial Officer: Chen Jincai Head of financial department: Zeng Zhihua
2. Balance Sheet of the Company as the Parent
Unit: RMB
Item 31 March 2020 31 December 2019
Current assets:
Monetary assets 178,553.15 307,460.05
Held-for-trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable
Accounts receivable financing
Prepayments
Other receivables 116,457,979.58 115,897,390.14
Including: Interest receivable
Dividends receivable
Inventories
Contractual assets
Assets classified as held for sale 149,998,221.71 149,998,221.71
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Current portion of non-current assets
Other current assets
Total current assets 266,634,754.44 266,203,071.90
Non-current assets:
Investments in debt obligations
Investments in other debt obligations
Long-term receivables
Long-term equity investments 205,100,008.26 205,100,008.26
Investments in other equity
instruments
Other non-current financial assets
Investment property 5,792,810.34 5,868,823.78
Fixed assets 30,035,496.75 30,461,249.76
Construction in progress
Productive living assets
Oil and gas assets
Use rights assets
Intangible assets 7,220,145.97 7,286,961.93
R&D expense
Goodwill
Long-term prepaid expense
Deferred income tax assets 2,560,503.38 2,560,503.38
Other non-current assets
Total non-current assets 250,708,964.70 251,277,547.11
Total assets 517,343,719.14 517,480,619.01
Current liabilities:
Short-term borrowings
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable
Advances from customers 75,405,227.83 75,405,227.83
Contractual liabilities
Payroll payable 2,698,961.17 2,267,169.53
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Taxes payable 17,859,035.80 17,597,021.50
Other payables 32,085,550.58 31,725,651.74
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 128,048,775.38 126,995,070.60
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 128,048,775.38 126,995,070.60
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 -67,470,813.02 -66,280,208.37
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Total owners’ equity 389,294,943.76 390,485,548.41
Total liabilities and owners’ equity 517,343,719.14 517,480,619.01
3. Consolidated Income Statement
Unit: RMB
Item Q1 2020 Q1 2019
1. Revenue 2,719,875.42 356,917.07
Including: Operating revenue 2,719,875.42 356,917.07
Interest income
Premium income
Handling charge and
commission income
2. Costs and expenses 4,791,105.42 2,797,236.39
Including: Cost of sales 2,183,392.25 343,696.74
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 209,521.50 208,118.60
Selling expense 314,263.27 212,521.91
Administrative expense 2,177,165.39 2,176,433.92
R&D expense
Finance costs -93,236.99 -143,534.78
Including: Interest
expense
Interest
income
Add: Other income
Return on investment (“-” for loss) 77,525.28
Including: Share of profit or loss
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
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) 8,728,879.22 111,960.47
Asset disposal income (“-” for
loss)
3. Operating profit (“-” for loss) 6,657,649.22 -2,250,833.57
Add: Non-operating income 1,382.04 13,276.95
Less: Non-operating expense 342.74 1,571.61
4. Profit before tax (“-” for loss) 6,658,688.52 -2,239,128.23
Less: Income tax expense 2,205,721.13
5. Net profit (“-” for net loss) 4,452,967.39 -2,239,128.23
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
3,810,690.98 -2,170,489.40
owners of the Company as the parent
5.2.2 Net profit attributable to
642,276.41 -68,638.83
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
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
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 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Allowance for credit
impairments in investments in other debt
obligations
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign
currency-denominated financial
statements
6.2.7 Other
Attributable to non-controlling
interests
7. Total comprehensive income 4,452,967.39 -2,239,128.23
Attributable to owners of the Company
3,810,690.98 -2,170,489.40
as the parent
Attributable to non-controlling
642,276.41 -68,638.83
interests
8. Earnings per share
8.1 Basic earnings per share 0.0120 -0.0068
8.2 Diluted earnings per share 0.0120 -0.0068
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: Chen Hongcheng (interim) Chief Financial Officer: Chen Jincai Head of financial department: Zeng Zhihua
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
4. Income Statement of the Company as the Parent
Unit: RMB
Item Q1 2020 Q1 2019
1. Operating revenue 285,714.27 0.00
Less: Cost of sales 43,071.09 0.00
Taxes and surcharges 208,728.57 207,000.00
Selling expense
Administrative expense 1,542,308.86 1,638,847.37
R&D expense
Finance costs 3,078.72
Including: Interest expense
Interest income
Add: Other income
Return on investment (“-” for
loss)
Including: Share of profit or
loss of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” 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)
Asset disposal income (“-” for
loss)
2. Operating profit (“-” for loss) -1,190,604.65 -1,848,926.09
Add: Non-operating income
Less: Non-operating expense 153.25
3. Profit before tax (“-” for loss) -1,190,604.65 -1,849,079.34
Less: Income tax expense
4. Net profit (“-” for net loss) -1,190,604.65 -1,849,079.34
4.1 Net profit from continuing
18
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
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
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 Other comprehensive income
arising from the reclassification of
financial assets
5.2.4 Allowance for credit
impairments in investments in other
debt obligations
5.2.5 Reserve for cash flow hedges
5.2.6 Differences arising from the
translation of foreign
currency-denominated financial
statements
5.2.7 Other
6. Total comprehensive income -1,190,604.65 -1,849,079.34
7. Earnings per share
7.1 Basic earnings per share
7.2 Diluted earnings per share
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
5. Consolidated Cash Flow Statement
Unit: RMB
Item Q1 2020 Q1 2019
1. Cash flows from operating activities:
Proceeds from sale of commodities
21,068,994.89 718,679.08
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
Cash generated from other operating
768,814.68 1,660,032.63
activities
Subtotal of cash generated from
21,837,809.57 2,378,711.71
operating activities
Payments for commodities and
364,654.45 663,327.85
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
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
commissions paid
Policy dividends paid
Cash paid to and for employees 741,869.90 826,811.18
Taxes paid 8,648.03 2,656.45
Cash used in other operating
4,564,697.52 1,725,871.03
activities
Subtotal of cash used in operating
5,679,869.90 3,218,666.51
activities
Net cash generated from/used in
16,157,939.67 -839,954.80
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment
Return on investment
Net proceeds from the disposal of
fixed assets, intangible assets and other 13,000.00
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
13,000.00
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other 46,760.94
long-lived assets
Payments for investments
Net increase in pledged loans granted
Net payments for the acquisition of
16,800,000.00 30,000.00
subsidiaries and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
16,800,000.00 76,760.94
activities
Net cash generated from/used in
-16,787,000.00 -76,760.94
investing activities
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by
non-controlling interests to subsidiaries
Borrowings obtained
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Cash generated from other financing
activities
Subtotal of cash generated from
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
financing activities
4. Effect of foreign exchange rate
27.76 -14.73
changes on cash and cash equivalents
5. Net increase in cash and cash
-629,032.57 -916,730.47
equivalents
Add: Cash and cash equivalents,
1,259,899.63 1,611,675.90
beginning of the period
6. Cash and cash equivalents, end of the
630,867.06 694,945.43
period
6. Cash Flow Statement of the Company as the Parent
Unit: RMB
Item Q1 2020 Q1 2019
1. Cash flows from operating activities:
Proceeds from sale of commodities
300,000.00
and rendering of services
Tax rebates
Cash generated from other operating
20,008,905.99 786,506.59
activities
Subtotal of cash generated from
20,308,905.99 786,506.59
operating activities
Payments for commodities and
services
Cash paid to and for employees 266,016.36 161,860.96
Taxes paid 1,923.91
Cash used in other operating
3,371,796.53 606,421.28
activities
22
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Subtotal of cash used in operating
3,637,812.89 770,206.15
activities
Net cash generated from/used in
16,671,093.10 16,300.44
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment
Return on investment
Net proceeds from the disposal of
fixed assets, intangible assets and other
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
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
16,800,000.00
subsidiaries and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
16,800,000.00 30,000.00
activities
Net cash generated from/used in
-16,800,000.00 -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
23
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2020
Net cash generated from/used in
financing activities
4. Effect of foreign exchange rate
changes on cash and cash equivalents
5. Net increase in cash and cash
-128,906.90 -13,699.56
equivalents
Add: Cash and cash equivalents,
307,460.05 150,376.48
beginning of the period
6. Cash and cash equivalents, end of the
178,553.15 136,676.92
period
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Revenue or Leases from 2020
□ Applicable √ Not applicable
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of any New
Standards Governing Revenue or Leases from 2020
□ Applicable √ Not applicable
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.
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