Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
THIRD QUARTERLY REPORT 2020
2020-032
October 2020
1
Guangdong Jadiete Holdings Group Company Limited Third Quarterly 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 that the contents of this
Report and its summary are true, accurate and complete and free of any misrepresentations,
misleading statements or material omissions, and collectively and individually accept legal
responsibility for such contents.
Except for the following director, 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 For reason of other work 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 truthful, accurate and complete.
This Report and its summary have been prepared in both Chinese and English. Should there
be any discrepancies or misunderstandings between the two versions, the Chinese versions
shall prevail.
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly 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
30 September 2020 31 December 2019 Change (%)
Total assets (RMB) 495,928,385.37 514,650,229.26 -3.64%
Equity attributable to the listed
343,888,005.81 345,098,328.40 -0.35%
company’s shareholders (RMB)
Q3 2020 YoY change (%) Q1-Q3 2020 YoY change (%)
Operating revenue (RMB) 875,123.09 100.29% 4,804,226.19 260.66%
Net profit attributable to the listed
-2,430,187.94 -15.57% -1,210,322.59 -83.05%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before
-2,297,059.42 -22.57% -7,058,215.76 -2.38%
exceptional gains and losses
(RMB)
Net cash generated from/used in
16,272,636.85 -1,242.03%
operating activities (RMB)
Basic earnings per share
-0.0076 -15.56% -0.0038 -83.04%
(RMB/share)
Diluted earnings per share
-0.0076 -15.56% -0.0038 -83.04%
(RMB/share)
Weighted average return on equity
-0.53% 0.36% -0.18% 2.00%
(%)
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
Item Q1-Q3 2020 Note
Recovery of accounts receivable
Reverse of provision for impairment of accounts receivable and of subsidiaries and offset of bad
8,822,884.58
contract assets individually conducting impairment test debt provision accrued in prior
years
Other gains and losses that meet definition of exceptional gains
-106,754.97
and losses
Less: Income tax effects 2,206,335.72
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Non-controlling interests effects (net of tax) 661,900.72
Total 5,847,893.17 --
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 Number of Shareholders and Holdings of Top 10 of Them as at the End of the
Reporting Period
1. Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as
Holdings of Top 10 Shareholders
Unit: share
Number of preference
Number of ordinary shareholders 8,628 shareholders with resumed 0
voting rights (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 In pledge 117,855,000
SHENGHENGC Domestic
HANG HUIFU non-state-owned 36.99% 117,855,000 117,855,000
Frozen 117,855,000
INDUSTRIAL corporation
CO., LTD.
SHENZHEN In pledge 34,020,000
RISHENG
Domestic
CHUANGYUAN
non-state-owned 10.68% 34,020,000 34,020,000
ASSET Frozen 34,020,000
corporation
MANAGEMENT
CO., LTD.
GUOTAI
JUNAN
Foreign
SECURITIES(H 7.17% 22,850,755
corporation
ONGKONG)
LIMITED
SHENWAN
HONGYUAN Foreign
5.39% 17,170,259
SECURITIES corporation
(HK) LIMITED
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
ESSENCE
INTERNATION
Foreign
AL SECURITIES 4.82% 15,352,437
corporation
(HONG KONG)
LIMITED
SHENZHEN In pledge 12,150,000
LIANHUA Domestic
HUIREN non-state-owned 3.81% 12,150,000 12,150,000
Frozen 12,150,000
INDUSTRIAL corporation
CO., LTD.
Haitong
International
Securities Foreign
2.76% 8,792,284
Company corporation
Limited-Account
Client
CHINA
EVERBRIGHT Foreign
1.33% 4,226,600
SECURITIES corporation
(HK) LIMITED
CHEN Domestic
0.63% 2,007,744
JIANXING individual
Domestic
LIU YONGHE 0.40% 1,276,340
individual
Top 10 public shareholders
Shares by class
Name of shareholder Public shares held
Class Shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 22,850,755 listed foreign 22,850,755
LIMITED share
Domestically
SHENWAN HONGYUAN
17,170,259 listed foreign 17,170,259
SECURITIES (HK) LIMITED
share
ESSENCE INTERNATIONAL Domestically
SECURITIES (HONG KONG) 15,352,437 listed foreign 15,352,437
LIMITED share
Domestically
Haitong International Securities
8,792,284 listed foreign 8,792,284
Company Limited-Account Client
share
CHINA EVERBRIGHT Domestically
4,226,600 4,226,600
SECURITIES (HK) LIMITED listed foreign
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
share
Domestically
CHEN JIANXING 2,007,744 listed foreign 2,007,744
share
Domestically
LIU YONGHE 1,276,340 listed foreign 1,276,340
share
Domestically
TANG HAIMING 786,600 listed foreign 786,600
share
Domestically
CHEN JINMING 765,500 listed foreign 765,500
share
Domestically
CHEN ZHENQI 701,800 listed foreign 701,800
share
Related or acting-in-concert parties The Company did not know whether there existed related relationship among above
among the shareholders above shareholders.
Top 10 shareholders engaged in
N/A
securities margin trading (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 Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Part III Significant Events
I Changes in Key Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
Monetary assets decreased by 40.06%, primarily driven by business needs;
Accounts receivable decreased by 99.13%, primarily driven by the recovery of accounts receivable in the current period;
Other receivables decreased by 64.37%, primarily driven by the recovery of other receivables of Shanghai Yunpeng;
Other payables decreased by 51.26%, primarily driven by the payment of equity transfer in Chinese Gold Nobility;
Operating revenue increased by 260.66%, primarily driven by the increase in sales revenue;
Costs of sales increased by 121.77%, primarily driven by the increase in sales revenue;
Operating expense increased by 195.32%, primarily driven by the increase in sales revenue;
Asset impairment loss dramatically changed 1,375.57%, primarily driven by the reversal of impairment allowance in the current
period;
Income tax expense dramatically changed 993.40%, primarily driven by the adjustment of deferred income tax caused by the reversal
of impairment allowance in the current period;
Net cash generating from operating activities dramatically changed 1,242.03%, primarily driven by the decrease in cash payment for
commodities.
II Progress, Influence and Solutions in respect of 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 announcements of the
Company disclosed 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 www.cninfo.com.cn
matter paragraph
Specific explanation on the items involved
in the internal control audit report with 28 April 2020 www.cninfo.com.cn
adverse opinion
Progress of any share repurchase:
□ Applicable √ Not applicable
Progress of any reduction of the repurchased shares through centralized bidding:
□ Applicable √ Not applicable
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties,
Acquirers, the Company Itself or Other Relevant Parties, Failed to Fulfill on Time during the
Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV Financial Investments
1. Securities Investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
2. Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
V Progress of Projects Financed with Raised Funds
□ Applicable √ Not applicable
VI 2020 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in the 2020 annual net profit, as well as explanation of
why:
□ Applicable √ Not applicable
VII Significant Contracts Arising from the Company’s Ordinary Course of Business
□ Applicable √ Not applicable
VIII Cash Entrusted for Wealth Management
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Irregularities in the Provision of Guarantees
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
X Occupation of the Company’s Capital by the Controlling Shareholder or any of Its Related
Parties for Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
XI Communications with the Investment Community such as Researches, Inquiries and
Interviews Received during the Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Guangdong Jadiete Holdings Group Company Limited
30 October 2020
Unit: RMB
Item 30 September 2020 31 December 2019
Current assets:
Monetary assets 755,169.58 1,259,899.63
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable 79,670.76 9,124,432.68
Receivables financing
Prepayments 228,092.30 314,810.13
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 1,198,148.37 3,362,628.68
Including: Interest receivable 0.00 0.00
Dividends receivable 0.00 0.00
Financial assets purchased under
resale agreements
Inventories 171,823,523.41 173,929,882.99
Contract assets
Assets held for sale 149,998,221.71 149,998,221.71
Current portion of non-current assets
Other current assets 24,728,376.65 25,096,981.77
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Total current assets 348,811,202.78 363,086,857.59
Non-current assets:
Loans and advances to customers
Debt investments
Other debt 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 5,275,861.57 5,868,823.78
Fixed assets 30,225,074.28 31,563,817.93
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 7,193,329.92 7,286,961.93
Development costs
Goodwill
Long-term prepaid expense 212,428.66 414,857.81
Deferred income tax assets 3,610,488.16 5,828,910.22
Other non-current assets
Total non-current assets 147,117,182.59 151,563,371.67
Total assets 495,928,385.37 514,650,229.26
Current liabilities:
Short-term borrowings
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 16,045,308.81 16,088,889.66
Advances from customers 86,457,025.22 86,443,115.70
Contract liabilities
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Financial assets sold under
repurchase agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of
securities
Payables for underwriting of
securities
Employee benefits payable 2,972,632.54 2,895,329.45
Taxes and levies payable 25,892,223.52 25,253,599.38
Other payables 17,877,681.49 36,678,743.30
Including: Interest payable 0.00 0.00
Dividends payable 0.00 0.00
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
liabilities
Other current liabilities
Total current liabilities 149,244,871.58 167,359,677.49
Non-current liabilities:
Insurance contract reserve
Long-term borrowings
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 149,244,871.58 167,359,677.49
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Including: Preference 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 -117,054,553.21 -115,844,230.62
Total equity attributable to owners of
343,888,005.81 345,098,328.40
the Company as the parent
Non-controlling interests 2,795,507.98 2,192,223.37
Total owners’ equity 346,683,513.79 347,290,551.77
Total liabilities and owners’ equity 495,928,385.37 514,650,229.26
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 30 September 2020 31 December 2019
Current assets:
Monetary assets 92,400.83 307,460.05
Held-for-trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable 0.00
Receivables financing
Prepayments
Other receivables 116,371,379.03 115,897,390.14
Including: Interest receivable
Dividends receivable
Inventories
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Contract assets
Assets held for sale 149,998,221.71 149,998,221.71
Current portion of non-current assets
Other current assets
Total current assets 266,462,001.57 266,203,071.90
Non-current assets:
Debt investments
Other debt investments
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 5,275,861.57 5,868,823.78
Fixed assets 29,442,096.75 30,461,249.76
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 7,193,329.92 7,286,961.93
Development costs
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 249,571,799.88 251,277,547.11
Total assets 516,033,801.45 517,480,619.01
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
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Contract liabilities
Employee benefits payable 2,583,162.14 2,267,169.53
Taxes and levies payable 18,253,937.51 17,597,021.50
Other payables 33,407,544.46 31,725,651.74
Including: Interest payable
Dividends payable
Liabilities directly associated with
assets held for sale
Current portion of non-current
liabilities
Other current liabilities
Total current liabilities 129,649,871.94 126,995,070.60
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 129,649,871.94 126,995,070.60
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Other comprehensive income
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Specific reserve
Surplus reserves 86,036,260.20 86,036,260.20
Retained earnings -70,381,827.27 -66,280,208.37
Total owners’ equity 386,383,929.51 390,485,548.41
Total liabilities and owners’ equity 516,033,801.45 517,480,619.01
3. Consolidated Income Statement for Q3
Unit: RMB
Item Q3 2020 Q3 2019
1. Revenues 875,123.09 436,921.08
Including: Operating revenue 875,123.09 436,921.08
Interest income
Insurance premium income
Fee and commission
income
2. Costs and expenses 3,143,466.75 3,214,370.60
Including: Cost of sales 43,071.09 477,296.49
Interest expense
Fee and commission
expense
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and levies 152,117.42 207,172.80
Selling expense 624,563.78 64,865.77
Administrative expense 2,082,563.39 2,316,576.23
Development costs
Finance costs 241,151.07 148,459.31
Including: Interest
expense
Interest
income
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Add: Other income
Return on investment (“-” for loss) -305,039.81
Including: Share of profit or loss
of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
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) 232,553.21 -189,347.91
Asset disposal income (“-” for
loss)
3. Operating profit (“-” for loss) -2,340,830.26 -2,966,797.43
Add: Non-operating income 1,675.58 1,972.13
Less: Non-operating expense 109,514.66 1,192.74
4. Gross profit (“-” for loss) -2,448,669.34 -2,966,018.04
Less: Income tax expense 0.00
5. Net profit (“-” for net loss) -2,448,669.34 -2,966,018.04
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
-2,430,187.94 -2,878,192.30
owners of the Company as the parent
5.2.2 Net profit attributable to
-18,481.40 -87,825.74
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
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
6.1.1 Changes caused by
remeasurements on defined benefit
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
arising from changes in own credit risk
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
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
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 -2,448,669.34 -2,966,018.04
Attributable to owners of the Company
-2,430,187.94 -2,878,192.30
as the parent
Attributable to non-controlling
-18,481.40 -87,825.74
interests
8. Earnings per share
8.1 Basic earnings per share -0.0076 -0.0090
8.2 Diluted earnings per share -0.0076 -0.0090
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMBXXX, with the amount for the same period of last year being RMBXXX.
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Legal representative: Chen Hongcheng (interim) Chief Financial Officer: Chen Jincai Head of financial department: Zeng Zhihua
4. Income Statement of the Company as the Parent for Q3
Unit: RMB
Item Q3 2020 Q3 2019
1. Operating revenue 285,714.27 0.00
Less: Cost of sales 43,071.09 0.00
Taxes and levies 151,610.37 207,000.00
Selling expense
Administrative expense 1,250,414.31 1,730,083.45
Development costs
Finance costs 339.32 335.57
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) -1,159,720.82 -1,937,419.02
Add: Non-operating income
Less: Non-operating expense 1,034.96
3. Gross profit (“-” for loss) -1,159,720.82 -1,938,453.98
Less: Income tax expense
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
4. Net profit (“-” for net loss) -1,159,720.82 -1,938,453.98
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
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
arising from changes in own credit risk
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
other debt investments
5.2.3 Other comprehensive income
arising from the reclassification of
financial assets
5.2.4 Credit impairment allowance
for other debt investments
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 -1,159,720.82 -1,938,453.98
7. Earnings per share
7.1 Basic earnings per share 0.0000 -0.0061
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
7.2 Diluted earnings per share 0.0000 -0.0061
5. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
1. Revenues 4,804,226.19 1,332,053.51
Including: Operating revenue 4,804,226.19 1,332,053.51
Interest income
Insurance premium income
Fee and commission
income
2. Costs and expenses 11,784,854.22 9,136,200.98
Including: Cost of sales 2,944,961.13 1,327,923.30
Interest expense
Fee and commission
expense
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and levies 570,455.99 622,589.34
Selling expense 1,073,101.12 363,368.41
Administrative expense 7,042,244.44 6,626,216.14
Development costs
Finance costs 154,091.54 196,103.79
Including: Interest
expense
Interest
income
Add: Other income
Return on investment (“-” for loss) -305,039.81 77,525.28
Including: Share of profit or loss
of joint ventures and associates
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
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) 8,966,266.50 607,647.44
Asset disposal income (“-” for
loss)
3. Operating profit (“-” for loss) 1,680,598.66 -7,118,974.75
Add: Non-operating income 27,941.89 15,249.08
Less: Non-operating expense 109,857.40 3,197.04
4. Gross profit (“-” for loss) 1,598,683.15 -7,106,922.71
Less: Income tax expense 2,205,721.13 201,730.61
5. Net profit (“-” for net loss) -607,037.98 -7,308,653.32
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
-1,210,322.59 -7,140,474.01
owners of the Company as the parent
5.2.2 Net profit attributable to
603,284.61 -168,179.31
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
schemes
6.1.2 Other comprehensive
income that will not be reclassified to
22
Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
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
arising from changes in own credit risk
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
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
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 -607,037.98 -7,308,653.32
Attributable to owners of the Company
-1,210,322.59 -7,140,474.01
as the parent
Attributable to non-controlling
603,284.61 -168,179.31
interests
8. Earnings per share
8.1 Basic earnings per share -0.0038 -0.0224
8.2 Diluted earnings per share -0.0038 -0.0224
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
23
Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
6. Income Statement of the Company as the Parent for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
1. Operating revenue 857,142.81 0.00
Less: Cost of sales 129,213.27 0.00
Taxes and levies 569,067.51 621,000.00
Selling expense
Administrative expense 4,977,414.29 4,938,686.64
Development costs
Finance costs -716,933.36 3,504.48
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
150,000.00
loss)
Asset disposal income (“-” for
loss)
2. Operating profit (“-” for loss) -4,101,618.90 -5,413,191.12
Add: Non-operating income
Less: Non-operating expense 1,526.93
3. Gross profit (“-” for loss) -4,101,618.90 -5,414,718.05
Less: Income tax expense 37,500.00
4. Net profit (“-” for net loss) -4,101,618.90 -5,452,218.05
4.1 Net profit from continuing
24
Guangdong Jadiete Holdings Group Company Limited Third Quarterly 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
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
arising from changes in own credit risk
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
other debt investments
5.2.3 Other comprehensive income
arising from the reclassification of
financial assets
5.2.4 Credit impairment allowance
for other debt investments
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 -4,101,618.90 -5,452,218.05
7. Earnings per share
7.1 Basic earnings per share -0.0129 -0.0171
7.2 Diluted earnings per share -0.0129 -0.0171
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
7. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
1. Cash flows from operating activities:
Proceeds from sale of commodities
23,662,406.64 8,416,489.53
and rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
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, fees and commissions
received
Net increase in loans from other
banks and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates
Cash generated from other operating
3,026,412.33 3,210,213.74
activities
Subtotal of cash generated from
26,688,818.97 11,626,703.27
operating activities
Payments for commodities and
752,767.73 1,237,034.59
services
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks
26
Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
and financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 1,708,729.45 1,986,543.28
Taxes and levies paid 14,979.74 43,254.89
Cash used in other operating
7,939,705.20 9,784,752.90
activities
Subtotal of cash used in operating
10,416,182.12 13,051,585.66
activities
Net cash generated from/used in
16,272,636.85 -1,424,882.39
operating activities
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 22,900.00 176,764.75
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
22,900.00 486,764.75
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other 56,858.03
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 86,858.03
activities
Net cash generated from/used in
-16,777,100.00 399,906.72
investing activities
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by
non-controlling interests to subsidiaries
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Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
Borrowings received
Cash generated from other financing
activities
Subtotal of cash generated from
financing activities
Repayment of borrowings
Interest and dividends paid
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 rates
-266.90 103.60
changes on cash and cash equivalents
5. Net increase in cash and cash
-504,730.05 -1,024,872.07
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
755,169.58 586,803.83
period
8. Cash Flow Statement of the Company as the Parent for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
1. Cash flows from operating activities:
Proceeds from sale of commodities
900,000.00
and rendering of services
Tax and levy rebates
Cash generated from other operating
21,982,527.30 8,316,397.40
activities
Subtotal of cash generated from
22,882,527.30 8,316,397.40
operating activities
Payments for commodities and
services
Cash paid to and for employees 653,499.08 485,517.03
Taxes and levies paid 13,203.74
Cash used in other operating 5,644,087.44 8,130,950.48
28
Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
activities
Subtotal of cash used in operating
6,297,586.52 8,629,671.25
activities
Net cash generated from/used in
16,584,940.78 -313,273.85
operating activities
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
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 30,000.00
activities
Net cash generated from/used in
-16,800,000.00 280,000.00
investing activities
3. Cash flows from financing activities:
Capital contributions received
Borrowings received
Cash generated from other financing
activities
Subtotal of cash generated from
financing activities
Repayment of borrowings
Interest and dividends paid
Cash used in other financing
activities
Subtotal of cash used in financing
29
Guangdong Jadiete Holdings Group Company Limited Third Quarterly Report 2020
activities
Net cash generated from/used in
financing activities
4. Effect of foreign exchange rates
changes on cash and cash equivalents
5. Net increase in cash and cash
-215,059.22 -33,273.85
equivalents
Add: Cash and cash equivalents,
307,460.05 150,376.48
beginning of the period
6. Cash and cash equivalents, end of the
92,400.83 117,102.63
period
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year (2020) of the New
Accounting Standards Governing Revenue and Leases
□ Applicable √ Not applicable
2. Retrospective Adjustments to the Comparative Data of Prior Periods due to the First Execution in 2020
of the New Accounting Standards Governing Revenue and Leases
□ 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.
30
