Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
GUANGDONG JADIETE HOLDINGS GROUP COMPANY
LIMITED
FIRST QUARTER REPORT 2021
2021-038
April 2021
1
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
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
Proxy entrusted to
Name Office title attending the meeting
attend the meeting
in person
Chen Honghai Director Official business Chen Dongwei
Chen Hongcheng, the Company’s legal representative, Chen Jincai, the Company’s Chief
Financial Officer (CFO), and Yang Hengli, 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 2021
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 2021 Q1 2020 Change (%)
Operating revenue (RMB) 998,103.65 2,719,875.42 -63.30%
Net profit attributable to the listed
-1,462,153.58 3,810,690.98 -138.37%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional -1,462,153.58 -2,145,457.64 -31.85%
items (RMB)
Net cash generated from/used in operating
-677,805.33 16,157,939.67 -104.19%
activities (RMB)
Basic earnings per share (RMB/share) -0.0046 0.0120 -138.33%
Diluted earnings per share (RMB/share) -0.0046 0.0120 -138.33%
Weighted average return on equity (%) -0.50% 1.23% -1.73%
31 March 2021 31 December 2020 Change (%)
Total assets (RMB) 461,016,194.14 461,628,690.73 -0.13%
Equity attributable to the listed company’s
292,620,951.96 294,083,105.54 -0.50%
shareholders (RMB)
Exceptional gains and losses:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at the End of the
Reporting Period
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
7,930 with resumed voting rights at the 0
the period-end
period-end (if any)
Top 10 shareholders
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
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.
ESSENCE
INTERNATION
Foreign legal
AL SECURITIES 7.84% 24,992,092
person
(HONG KONG)
LIMITED
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 6.09% 19,410,346
person
ONGKONG)
LIMITED
SHENWAN
HONGYUAN Foreign legal
5.46% 17,397,259
SECURITIES person
(HK) LIMITED
SHENZHEN 质押 12,150,000
LIANHUA
Domestic
HUIREN non-state-owned 3.81% 12,150,000 12,150,000
冻结 12,150,000
legal person
INDUSTRIAL
CO., LTD.
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
HAITONG
INTERNATION
AL SECURITIES Foreign legal
2.94% 9,382,284
COMPANY person
LIMITED-ACCO
UNT CLIENT
CHINA
EVERBRIGHT Foreign legal
1.33% 4,226,600
SECURITIES person
(HK) LIMITED
CHEN Domestic natural
0.65% 2,059,998
JIANXING person
Domestic natural
LIU YONGHE 0.42% 1,336,040
person
Top 10 public shareholders
Shares by type
Name of shareholder Public shares held
Type Shares
ESSENCE INTERNATIONAL Domestically
SECURITIES (HONG KONG) 24,992,092 listed foreign 24,992,092
LIMITED stock
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 19,410,346 listed foreign 19,410,346
LIMITED stock
SHENWAN HONGYUAN Domestically
17,397,259 listed foreign 17,397,259
SECURITIES (HK) LIMITED stock
HAITONG INTERNATIONAL Domestically
SECURITIES COMPANY 9,382,284 listed foreign 9,382,284
LIMITED-ACCOUNT CLIENT stock
Domestically
CHINA EVERBRIGHT
4,226,600 listed foreign 4,226,600
SECURITIES (HK) LIMITED
stock
Domestically
CHEN JIANXING 2,059,998 listed foreign 2,059,998
stock
Domestically
LIU YONGHE 1,336,040 listed foreign 1,336,040
stock
Domestically
CHEN JINMING 765,500 765,500
listed foreign
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
stock
Domestically
CHEN ZHENQI 701,800 listed foreign 701,800
stock
Domestically
WANG TINGTING 635,107 listed foreign 635,107
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.
□ 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 First Quarter Report 2021
Part III Significant Events
I Changes in Key Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
During the Reporting Period, the operating revenue, net profit and net cash generated from/used in operating activities declined
remarkably, which was mainly due to the decrease in sales caused by the weak macro-economy, fierce market completion and
relatively single products of the Company.
II Progress, Influence and Solutions with regard to Significant Events
√ Applicable □ Not applicable
Unitax Zhengqing CPAs (Special General Partnership) issued a qualified audit report with emphasis item paragraphs and an internal
control audit report with adverse opinions on the Company’s financial statements of 2020. 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 30 April 2021 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 30 April 2021 Published on www.cninfo.com.cn
matter paragraph
Specific explanation on the items involved
in the internal control audit report with 30 April 2021 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 2021
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 Operating Performance Forecast for January-June 2021
Warning of a forecast loss on or a forecast significant year-on-year change in the accumulative net profit from the beginning of the
year to the end of the next reporting period, 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.
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.
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
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 First Quarter Report 2021
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Guangdong Jadiete Holdings Group Company Limited
29 April 2021
Unit: RMB
Item 31 March 2021 31 December 2020
Current assets:
Monetary assets 119,251.99 797,061.47
Settlement reserve
Interbank loans granted
Held-for-trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable 8,190.66 6,401.71
Accounts receivable financing
Prepayments 263,726.74 231,584.33
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 1,686,827.23 547,888.86
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 142,597,880.07 143,090,724.36
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 20,640,114.26 20,640,114.26
Total current assets 315,314,212.66 315,311,996.70
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
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
Fixed assets 16,975,642.22 17,243,097.09
Construction in progress
Productive living assets
Oil and gas assets
Use rights assets
Intangible assets
R&D expense
Goodwill
Long-term prepaid expense
Deferred income tax assets 3,736,347.51 3,736,347.51
Other non-current assets 24,389,991.75 24,737,249.43
Total non-current assets 145,701,981.48 146,316,694.03
Total assets 461,016,194.14 461,628,690.73
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 664,540.30 664,540.30
Advances from customers 75,412,636.58 75,412,636.58
Contractual liabilities 269,873.80 269,873.80
Financial assets sold under
repurchase agreements
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
Customer deposits and interbank
deposits
Payables for acting trading of
securities
Payables for underwriting of
securities
Payroll payable 2,537,466.77 2,192,763.67
Taxes payable 27,271,303.51 26,975,696.67
Other payables 10,413,187.80 10,350,618.29
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 35,083.59 35,083.59
Total current liabilities 116,604,092.35 115,901,212.90
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 48,760,590.71 48,760,590.71
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 48,760,590.71 48,760,590.71
Total liabilities 165,364,683.06 164,661,803.61
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 2021
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 -168,321,607.06 -166,859,453.48
Total equity attributable to owners of
292,620,951.96 294,083,105.54
the Company as the parent
Non-controlling interests 3,030,559.12 2,883,781.58
Total owners’ equity 295,651,511.08 296,966,887.12
Total liabilities and owners’ equity 461,016,194.14 461,628,690.73
Legal representative: Chen Hongcheng (acting) Chief Financial Officer: Chen Jincai Head of financial department: Yang Hengli
2. Balance Sheet of the Company as the Parent
Unit: RMB
Item 31 March 2021 31 December 2020
Current assets:
Monetary assets 106,811.83 163,148.90
Held-for-trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable
Accounts receivable financing
Prepayments
Other receivables 89,321,717.77 89,553,250.61
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 2021
Current portion of non-current assets
Other current assets
Total current assets 239,426,751.31 239,714,621.22
Non-current assets:
Investments in debt obligations
Investments in other debt obligations
Long-term receivables
Long-term equity investments 200,100,008.26 200,100,008.26
Investments in other equity
instruments
Other non-current financial assets
Investment property
Fixed assets 16,384,131.67 16,605,456.40
Construction in progress
Productive living assets
Oil and gas assets
Use rights assets
Intangible assets
R&D expense
Goodwill
Long-term prepaid expense
Deferred income tax assets 2,573,541.54 2,573,541.54
Other non-current assets 24,389,991.75 24,737,249.43
Total non-current assets 243,447,673.22 244,016,255.63
Total assets 482,874,424.53 483,730,876.85
Current liabilities:
Short-term borrowings
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable
Advances from customers 75,412,636.58 75,412,636.58
Contractual liabilities
Payroll payable 1,947,210.50 1,724,610.50
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
Taxes payable 18,882,177.57 18,677,984.93
Other payables 6,843,667.25 7,068,899.65
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 103,085,691.90 102,884,131.66
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term payroll payable
Provisions 48,760,590.71 48,760,590.71
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 48,760,590.71 48,760,590.71
Total liabilities 151,846,282.61 151,644,722.37
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 -125,737,614.86 -124,679,602.30
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
Total owners’ equity 331,028,141.92 332,086,154.48
Total liabilities and owners’ equity 482,874,424.53 483,730,876.85
3. Consolidated Income Statement
Unit: RMB
Item Q1 2021 Q1 2020
1. Revenue 998,103.65 2,719,875.42
Including: Operating revenue 998,103.65 2,719,875.42
Interest income
Premium income
Handling charge and
commission income
2. Costs and expenses 2,272,296.98 4,791,105.42
Including: Cost of sales 545,915.37 2,183,392.25
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 189,908.67 209,521.50
Selling expense 83,129.25 314,263.27
Administrative expense 1,490,411.90 2,177,165.39
R&D expense
Finance costs -37,068.21 -93,236.99
Including: Interest
expense
Interest
income
Add: Other income
Return on investment (“-” for loss)
Including: Share of profit or loss
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
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) -41,182.71 8,728,879.22
Asset disposal income (“-” for
loss)
3. Operating profit (“-” for loss) -1,315,376.04 6,657,649.22
Add: Non-operating income 1,382.04
Less: Non-operating expense 342.74
4. Profit before tax (“-” for loss) -1,315,376.04 6,658,688.52
Less: Income tax expense 2,205,721.13
5. Net profit (“-” for net loss) -1,315,376.04 4,452,967.39
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
shareholders of the Company as the -1,462,153.58 3,810,690.98
parent
5.2.2 Net profit attributable to
146,777.54 642,276.41
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
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
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 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 -1,315,376.04 4,452,967.39
Attributable to owners of the Company
-1,462,153.58 3,810,690.98
as the parent
Attributable to non-controlling
146,777.54 642,276.41
interests
8. Earnings per share
8.1 Basic earnings per share -0.0046 0.0120
8.2 Diluted earnings per share -0.0046 0.0120
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.
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
Legal representative: Chen Hongcheng (acting) Chief Financial Officer: Chen Jincai Head of financial department: Yang Hengli
4. Income Statement of the Company as the Parent
Unit: RMB
Item Q1 2021 Q1 2020
1. Operating revenue 285,714.27 285,714.27
Less: Cost of sales 53,071.08 43,071.09
Taxes and surcharges 189,689.17 208,728.57
Selling expense
Administrative expense 1,097,991.34 1,542,308.86
R&D expense
Finance costs 2,975.24 -317,789.60
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) -1,058,012.56 -1,190,604.65
Add: Non-operating income
Less: Non-operating expense
3. Profit before tax (“-” for loss) -1,058,012.56 -1,190,604.65
Less: Income tax expense
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
4. Net profit (“-” for net loss) -1,058,012.56 -1,190,604.65
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
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 -1,058,012.56 -1,190,604.65
7. Earnings per share
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
7.1 Basic earnings per share
7.2 Diluted earnings per share
5. Consolidated Cash Flow Statement
Unit: RMB
Item Q1 2021 Q1 2020
1. Cash flows from operating activities:
Proceeds from sale of commodities
1,105,000.00 21,068,994.89
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
724,126.73 768,814.68
activities
Subtotal of cash generated from
1,829,126.73 21,837,809.57
operating activities
Payments for commodities and
364,654.45
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
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
Net increase in interbank loans
granted
Interest, handling charges and
commissions paid
Policy dividends paid
Cash paid to and for employees 628,542.44 741,869.90
Taxes paid 6,778.58 8,648.03
Cash used in other operating
1,871,611.04 4,564,697.52
activities
Subtotal of cash used in operating
2,506,932.06 5,679,869.90
activities
Net cash generated from/used in
-677,805.33 16,157,939.67
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
long-lived assets
Payments for investments
Net increase in pledged loans granted
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
activities
Net cash generated from/used in
-16,787,000.00
investing activities
3. Cash flows from financing activities:
Capital contributions received
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
Including: Capital contributions by
non-controlling interests to subsidiaries
Borrowings obtained
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
-4.15 27.76
changes on cash and cash equivalents
5. Net increase in cash and cash
-677,809.48 -629,032.57
equivalents
Add: Cash and cash equivalents,
797,061.47 1,259,899.63
beginning of the period
6. Cash and cash equivalents, end of the
119,251.99 630,867.06
period
6. Cash Flow Statement of the Company as the Parent
Unit: RMB
Item Q1 2021 Q1 2020
1. Cash flows from operating activities:
Proceeds from sale of commodities
300,000.00 300,000.00
and rendering of services
Tax rebates
Cash generated from other operating
468,848.76 20,008,905.99
activities
Subtotal of cash generated from
768,848.76 20,308,905.99
operating activities
Payments for commodities and
services
Cash paid to and for employees 389,016.36 266,016.36
23
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
Taxes paid
Cash used in other operating
436,169.47 3,371,796.53
activities
Subtotal of cash used in operating
825,185.83 3,637,812.89
activities
Net cash generated from/used in
-56,337.07 16,671,093.10
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
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
activities
Net cash generated from/used in
-16,800,000.00
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
24
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2021
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
5. Net increase in cash and cash
-56,337.07 -128,906.90
equivalents
Add: Cash and cash equivalents,
163,148.90 307,460.05
beginning of the period
6. Cash and cash equivalents, end of the
106,811.83 178,553.15
period
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of the New
Standards Governing Leases from 2021
□ Applicable √ Not applicable
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of the New
Standards Governing Leases from 2021
□ 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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