Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
Stock Code: 000505, 200505 Stock Name: JLKG, JL-B Announcement No. 2022-068
HAINAN JINGLIANG HOLDINGS CO., LTD.
THIRD QUARTERLY REPORT 2022
Hainan Jingliang Holdings Co., Ltd. (hereinafter referred to as the “Company”) and all the
me mbers of the Company’s Board of Directors hereby guarantee that the contents of this
Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions.
Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior
management of the Company hereby guarantee that the contents of this Report 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.
2. The Company’s legal representative, head for financial affairs, and head of the financial department
(equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are true,
accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□Yes No
Q3 2022 YoY change (%) Q1-Q3 2022 YoY change (%)
Operating revenue (RMB) 3,931,892,303.79 31.61% 9,444,673,574.11 13.58%
Net profit attributable to the listed company’s
shareholders (RMB) 18,632,830.26 -53.16% 91,541,160.41 -28.54%
Net profit attributable to the listed company’s
shareholders before exceptional gains and 15,748,627.17 -59.95% 87,014,366.64 -29.02%
losses (RMB)
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
Net cash generated from/used in operating
— — -164,930,595.45 -120.31%
activities (RMB)
Basic earnings per share (RMB/share) 0.03 -40.00% 0.13 -27.78%
Diluted earnings per share (RMB/share) 0.03 -40.00% 0.13 -27.78%
Weighted average return on equity (%) 0.62% -0.79% 3.09% -1.53%
30 September 31 December
Change (%)
2022 2021
Total assets (RMB) 6,594,401,630.56 6,046,600,058.90 9.06%
Equity attributable to the listed company’s
shareholders (RMB) 3,008,680,445.41 2,915,802,291.05 3.19%
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q3 2022 Q1-Q3 2022 Note
Gain or loss on disposal of non-current assets (inclusive of
impairment allowance write-offs) 70,498.16 512,239.55
Government grants through profit or loss (exclusive of government
grants continuously given in the Company’s ordinary course of
business at fixed quotas or amounts as per the government’s 3,618,076.25 5,097,417.38
policies and standards)
Gain or loss on fair-value changes on held-for-trading financial
assets and liabilities & income from disposal of held-for-trading
financial assets and liabilities and available-for-sale financial assets 98,727.39 516,810.72
(exclusive of the effective portion of hedges that arise in the
Company’s ordinary course of business)
Non-operating income and expense other than the above 1,016,837.17 1,133,725.08
Less: Income tax effects 1,200,034.24 1,815,048.18
Non-controlling interests effects (net of tax) 719,901.64 918,350.78
Total 2,884,203.09 4,526,793.77 --
Other items that meet the definition of exceptional gain/loss:
□Applicable Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item 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 in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
Applicable □ Not applicable
1. Prepayments increased primarily because during Q1-Q3 2022, the prices of certain bulk materials went up
due to international market changes, and the Company had to procure imported soybean and other oils and
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
oilseeds for production and operation needs, leading to the increased prepayments to suppliers.
2. Derivative financial liabilities decreased primarily driven by changes in the fair value of hedge instruments as
at 30 September 2022 as compared to 1 January 2022.
3. Other current liabilities increased primarily driven by changes in the fair value of hedged items as at 30
September 2022 as compared to 1 January 2022.
4. Long-term borrowings increased primarily driven by the additional three-year bank loan taken out at a proper
loan rate during Q1-Q3 2022 according to financial plans.
5. Gain on fair value changes increased primarily driven by the decreased floating fair value loss of the hedging
business during Q1-Q3 2022 as compared to Q1-Q3 2021.
6. Net profit attributable to the listed company’s shareholders decreased primarily because during Q1-Q3 2022,
raw material costs increased year on year due to the recurrent COVID-19 outbreaks, regional international
conflicts, substantial fluctuations of bulk material prices, rise of energy prices, etc.; and to fully ensure the
cooking oil supply for the Beijing-Tianjin-Hebei region and take on its social responsibility, the room for profit
of the Company’s products for the end markets was squeezed due to price adjustments, logistics disruptions, etc.
7. Net cash generated from operating activities decreased primarily driven by the increased purchase amount of
oils and oilseeds such as soybean during Q1-Q3 2022 as compared to Q1-Q3 2021.
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of ordinary shareholders at the period- Number of preferred shareholders with resumed
68,842 0
end voting rights at the period-end (if any)
Top 10 shareholders
Sharehold Shares in pledge, marked or
Nature of ing Total shares Restricted frozen
Name of shareholder
shareholder percentag held shares held
Status Shares
e
BEIJING GRAIN GROUP CO., State-owned
LTD. legal person 39.68% 288,439,561 0
BEIJING STATE-OWNED
CAPITAL OPERATION AND State-owned
MANAGEMENT COMPANY legal person 6.67% 48,510,460 0
LIMITED
Domestic
WANG YUECHENG natural 5.66% 41,159,887 41,159,887
person
Foreign
LISHER YNZHAN MING natural 0.41% 3,006,300 0
person
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
Domestic
WANG ZHIQIANG natural 0.36% 2,607,123 0
person
Domestic
MEI JIANYING natural 0.36% 2,604,203 0
person
Domestic
ZHANG XIAOXIA natural 0.27% 1,949,250 0
person
Domestic
CHEN TING natural 0.25% 1,785,169 0
person
Domestic
JIN YIDONG natural 0.24% 1,754,900 0
person
Domestic
WANG XIAOXING natural 0.23% 1,654,200 0
person
Top 10 unrestricted shareholders
Shares by type
Name of shareholder Unrestricted shares held
Type Shares
RMB-
BEIJING GRAIN GROUP CO., LTD. 288,439,561 denominated 288,439,561
ordinary stock
BEIJING STATE-OWNED CAPITAL RMB-
OPERATION AND MANAGEMENT 48,510,460 denominated 48,510,460
COMPANY LIMITED ordinary stock
Domestically
LISHER YNZHAN MING 3,006,300 listed foreign 3,006,300
stock
RMB-
WANG ZHIQIANG 2,607,123 denominated 2,607,123
ordinary stock
RMB-
MEI JIANYING 2,604,203 denominated 2,604,203
ordinary stock
Domestically
ZHANG XIAOXIA 1,949,250 listed foreign 1,949,250
stock
RMB-
CHEN TING 1,785,169 denominated 1,785,169
ordinary stock
RMB-
JIN YIDONG 1,754,900 denominated 1,754,900
ordinary stock
RMB-
WANG XIAOXING 1,654,200 denominated 1,654,200
ordinary stock
RMB-
RUI MING 1,392,630 denominated 1,392,630
ordinary stock
① Beijing State-Owned Capital Operation and Management
Company Limited indirectly owns 100% of Beijing Grain Group
Co., Ltd., and Beijing Grain Group Co., Ltd. is the controlling
Related or acting-in-concert parties among the shareholders shareholder of the Company (a 39.68% holding).
above ② Wang Yuecheng is a Deputy General Manager of the
Company. Apart from the aforesaid, the Company does not know
whether there are any other related parties or acting-in-concert
parties among the top 10 shareholders.
①Shareholder Jin Yidong held 1,754,900 shares in the Company
Top 10 shareholders engaged in securities margin trading (if through his account of collateral securities for margin trading in
any)
Ping An Securities Co., Ltd.
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
②Shareholder Wang Xiaoxing held 1,654,200 shares in the
Company through his account of collateral securities for margin
trading in Soochow Securities Co., Ltd.
③ Shareholder Rui Ming held 1,387,530 shares in the Company
through his account of collateral securities for margin trading in
Eastmoney Securities Co., Ltd.
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable Not applicable
III Other Significant Events
□Applicable Not applicable
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Hainan Jingliang Holdings Co., Ltd.
30 September 2022
Unit: RMB
Item 30 September 2022 1 January 2022
Current assets:
Monetary assets 955,219,032.97 507,144,668.45
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 34,000,000.00 40,377,048.08
Derivative financial assets 4,220,320.00 0.00
Notes receivable
Accounts receivable 85,274,972.63 82,694,094.62
Receivables financing
Prepayments 480,518,968.05 87,803,762.15
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables 322,902,335.03 284,756,636.27
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale
agreements
Inventories 1,913,380,447.11 1,903,372,572.18
Contract assets
Assets held for sale
Current portion of non-current assets 135,318,533.34 156,139,100.00
Other current assets 600,617,847.07 820,500,621.47
Total current assets 4,531,452,456.20 3,882,788,503.22
Non-current assets:
Loans and advances to customers
Debt investments
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
Other debt investments
Long-term receivables
Long-term equity investments 245,207,594.14 230,799,437.53
Investments in other equity
instruments 20,000,000.00 20,000,000.00
Other non-current financial assets
Investment property 20,282,617.48 20,925,683.56
Fixed assets 1,052,370,807.16 1,120,758,409.49
Construction in progress 21,240,470.55 11,220,840.10
Productive living assets
Oil and gas assets
Right-of-use assets 6,864,283.76 8,045,406.28
Intangible assets 328,941,633.10 339,970,477.87
Development costs
Goodwill 191,394,422.51 191,394,422.51
Long-term prepaid expense 17,255,309.73 17,383,818.41
Deferred income tax assets 11,166,467.11 13,571,063.19
Other non-current assets 148,225,568.82 189,741,996.74
Total non-current assets 2,062,949,174.36 2,163,811,555.68
Total assets 6,594,401,630.56 6,046,600,058.90
Current liabilities:
Short-term borrowings 1,729,477,363.06 1,521,669,601.35
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities 23,240,050.00 70,305,871.37
Notes payable 3,331,333.80 0.00
Accounts payable 219,788,378.36 186,748,746.42
Advances from customers 1,500,978.34 996,173.41
Contract liabilities 608,819,559.01 520,816,995.93
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 13,219,383.88 42,130,650.49
Taxes and levies payable 59,227,903.11 104,347,852.69
Other payables 75,593,087.55 73,985,586.39
Including: Interest payable 21,082,795.47 21,082,795.47
Dividends payable 3,213,302.88 3,213,302.88
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
liabilities 972,572.07 1,582,978.69
Other current liabilities 129,529,379.34 22,994,553.60
Total current liabilities 2,864,699,988.52 2,545,579,010.34
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 200,000,000.00 71,000,000.00
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 1,455,443.24 1,694,702.62
Long-term payables
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
Long-term employee benefits payable 5,677,134.00 5,677,134.00
Provisions
Deferred income 63,739,343.05 65,244,499.48
Deferred income tax liabilities 36,842,181.87 45,250,919.91
Other non-current liabilities
Total non-current liabilities 307,714,102.16 188,867,256.01
Total liabilities 3,172,414,090.68 2,734,446,266.35
Owners’ equity:
Share capital 726,950,251.00 726,950,251.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 1,675,918,350.95 1,675,918,350.95
Less: Treasury stock
Other comprehensive income 654,711.73 -682,282.22
Specific reserve
Surplus reserves 122,122,436.98 122,122,436.98
General reserve
Retained earnings 483,034,694.75 391,493,534.34
Total equity attributable to owners of the
Company as the parent 3,008,680,445.41 2,915,802,291.05
Non-controlling interests 413,307,094.47 396,351,501.50
Total owners’ equity 3,421,987,539.88 3,312,153,792.55
Total liabilities and owners’ equity 6,594,401,630.56 6,046,600,058.90
Legal representative: Wang Chunli Head for financial affairs: Guan Ying
Head of the financial department: Liu Quanli
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Revenues 9,444,673,574.11 8,315,742,920.09
Including: Operating revenue 9,444,673,574.11 8,315,742,920.09
Interest income
Insurance premium income
Fee and commission
income
2. Costs and expenses 9,292,969,772.17 8,081,991,216.67
Including: Cost of sales 8,969,020,009.34 7,776,768,013.40
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 21,932,139.34 18,461,769.53
Selling expense 138,731,146.80 117,943,899.25
Administrative expense 135,209,642.66 132,962,334.98
R&D expense 8,955,399.04 9,256,210.41
Finance costs 19,121,434.99 26,598,989.10
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
Including: Interest
expense 28,748,980.69 31,651,500.07
Interest income 12,558,659.57 7,581,291.29
Add: Other income 12,780,796.35 9,275,885.46
Return on investment (“-” for loss) 14,894,485.42 37,881,484.99
Including: Share of profit or loss
of joint ventures and associates 14,408,156.61 31,566,509.34
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) -31,575,326.85 -95,948,905.70
Credit impairment loss (“-” for
loss) 47,502.10 18,054.91
Asset impairment loss (“-” for
loss) 185,390.40 0.00
Asset disposal income (“-” for
loss) 512,239.55 -20,756.74
3. Operating profit (“-” for loss) 148,548,888.91 184,957,466.34
Add: Non-operating income 1,796,295.85 1,798,665.21
Less: Non-operating expense 662,570.77 300,560.55
4. Gross profit (“-” for loss) 149,682,613.99 186,455,571.00
Less: Income tax expense 41,185,860.61 44,100,653.47
5. Net profit (“-” for net loss) 108,496,753.38 142,354,917.53
5.1 By operating continuity
5.1.1 Net profit from continuing
operations (“-” for net loss) 108,496,753.38 142,354,917.53
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 91,541,160.41 128,107,050.13
parent (“-” for net loss)
5.2.1 Net profit attributable to non-
controlling interests (“-” for net loss) 16,955,592.97 14,247,867.40
6. Other comprehensive income, net of
tax 1,336,993.95 -79,021.12
Attributable to owners of the
Company as the parent 1,336,993.95 -79,021.12
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
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 1,336,993.95 -79,021.12
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
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
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- 1,336,993.95 -79,021.12
denominated financial statements
6.2.7 Other
Attributable to non-controlling
interests
7. Total comprehensive income 109,833,747.33 142,275,896.41
7.1 Attributable to owners of the
Company as the parent 92,878,154.36 128,028,029.01
7.2 Attributable to non-controlling
interests 16,955,592.97 14,247,867.40
8. Earnings per share
8.1 Basic earnings per share 0.13 0.18
8.2 Diluted earnings per share 0.13 0.18
Legal representative: Wang Chunli Head for financial affairs: Guan Ying
Head of the financial department: Liu Quanli
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Cash flows from operating activities:
Proceeds from sale of commodities
and rendering of services 10,163,412,534.02 9,485,114,406.99
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 28,300,559.99 18,120,343.10
Cash generated from other operating
activities 2,102,513,671.21 1,601,513,939.75
Subtotal of cash generated from
operating activities 12,294,226,765.22 11,104,748,689.84
Payments for commodities and services 9,686,335,234.67 8,086,227,547.27
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
Payments for claims on original
insurance contracts
Net increase in loans to other banks and
financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 249,849,330.91 242,680,670.19
Taxes and levies paid 247,642,529.51 158,094,365.29
Cash used in other operating activities 2,275,330,265.58 1,805,568,550.21
Subtotal of cash used in operating
activities 12,459,157,360.67 10,292,571,132.96
Net cash generated from/used in
operating activities -164,930,595.45 812,177,556.88
2. Cash flows from investing activities:
Proceeds from disinvestment 1,794,712,406.52 756,252,300.48
Return on investment 577,477.39 45,217,765.34
Net proceeds from the disposal of fixed
assets, intangible assets and other long- 907,902.60 91,284.78
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 1,796,197,786.51 801,561,350.60
Payments for the acquisition of fixed
assets, intangible assets and other long- 23,927,419.48 44,052,585.83
lived assets
Payments for investments 1,464,999,000.00 830,000,000.00
Net increase in pledged loans granted
Net payments for the acquisition of
subsidiaries and other business units
Cash used in other investing activities
Subtotal of cash used in investing
activities 1,488,926,419.48 874,052,585.83
Net cash generated from/used in
investing activities 307,271,367.03 -72,491,235.23
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by
non-controlling interests to subsidiaries
Borrowings raised 3,392,095,326.21 2,123,279,083.94
Cash generated from other financing
activities
Subtotal of cash generated from
financing activities 3,392,095,326.21 2,123,279,083.94
Repayment of borrowings 3,055,287,564.50 2,083,544,876.68
Interest and dividends paid 34,105,089.49 102,310,728.41
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing activities
Subtotal of cash used in financing
activities 3,089,392,653.99 2,185,855,605.09
Net cash generated from/used in
financing activities 302,702,672.22 -62,576,521.15
4. Effect of foreign exchange rates
changes on cash and cash equivalents 3,246,778.48 -247,532.97
5. Net increase in cash and cash
equivalents 448,290,222.28 676,862,267.53
Add: Cash and cash equivalents,
beginning of the period 506,928,810.69 334,389,017.41
6. Cash and cash equivalents, end of the
period 955,219,032.97 1,011,251,284.94
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Hainan Jingliang Holdings Co., Ltd. Third Quarterly Report 2022
(II) 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.
Hainan Jingliang Holdings Co., Ltd.
26 October 2022
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