Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Hefei Meiling Co., Ltd.
The First Quarterly Report of 2018
April 2018
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Section I. Important Notes
Board of Directors and the Supervisory Committee of Hefei Meiling Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
Mr. Li Wei, person in charge of the Company, Mr. Pang Haitao, person in charge of accounting works and
Mr. Luo Bo, person in charge of accounting organ (accounting officer) hereby confirm that the Financial Report
of this Quarterly Report is authentic, accurate and complete.
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
The First Quarterly Report of 2018 has not been audited.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Section II. Basic situation of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes√ No
Changes of this period over same
This Period Same period of last year
period of last year
Operating income (RMB) 4,245,506,565.60 3,666,603,957.50 15.79%
Net profit attributable to shareholders of
56,261,852.68 61,303,717.56 -8.22%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting 23,011,689.73 41,625,189.75 -44.72%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-771,375,311.87 551,271,013.44 -239.93%
activities (RMB)
Basic earnings per share (RMB/Share) 0.0539 0.0587 -8.18%
Diluted earnings per share (RMB/Share) 0.0539 0.0587 -8.18%
Weighted average ROE 1.11% 1.20% 0.09 percentage points down
Changes of this period-end over
End of this period End of last period
same period-end of last year
Total assets (RMB) 16,634,614,645.28 15,961,511,966.81 4.22%
Net assets attributable to shareholder of
5,102,743,060.86 5,051,066,095.31 1.02%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the Found in “Asset
3,634,169.59
write-off that accrued for impairment of assets) disposal income”
Governmental subsidy reckoned into current gains/losses (not including
Found in “Other
the subsidy enjoyed in quota or ration according to national standards, 10,367,452.07
income”
which are closely relevant to enterprise’s business)
Held transaction financial asset, gains/losses of changes of fair values Found in “Investment
from transaction financial liabilities, and investment gains from disposal 22,553,620.50 income” and “Changes
of transaction financial asset, transaction financial liabilities and financial in fair value gains”
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
asset available for sales, exclude the effective hedging business relevant
with normal operations of the Company
Found in
Other non-operating income and expenditure except for the
1,541,060.07 “Non-operating income
aforementioned items
and expenditure”
Less : impact on income tax 4,680,769.05 --
Impact on minority shareholders’ equity (post-tax) 165,370.23 --
Total 33,250,162.95 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items
defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A
Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public ---
Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
The Company has no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit
(gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss, in the period.
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total number of common shareholders and preference shareholders with voting rights recovered and top
ten common shareholders
In shares
Total preference shareholders with
Total number of common shareholders
61,541 voting rights recovered at end of 0
at the end of report period
reporting period (if applicable)
Top ten shareholders
Number of share
Amount of
Proportion Amount of pledged/frozen
Nature of
Shareholder’s name of shares restricted
shareholder shares held
held State of Amoun
shares held
share t
State-owned legal
Sichuan Changhong Electric Co., Ltd. 22.47% 234,705,968 69,877,638 - -
person
Hefei Industrial Investment Holding (Group) Co., State-owned legal
4.58% 47,823,401 0 - -
Ltd. person
Foreign legal
Changhong (Hong Kong) Trade Co., Ltd. 2.96% 30,895,442 0 - -
person
Ping An Annuity Insurance Company of China, Domestic
Ltd. – Ping An Pension Ruifu private placement non-State-owned 2.26% 23,613,595 0 - -
No.1 Assets Management Products legal person
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Foreign nature
CAO SHENGCHUN 1.32% 13,829,383 0 - -
person
Domestic
Ping An UOB-Ping An Bank-Guohai Securities
non-State-owned 1.20% 12,522,361 0 - -
Co., Ltd.
legal person
Caitong Fund- Ningbo Bank-Haitong Xingtai Domestic
(Anhui) Emerging Industry Investment Fund non-State-owned 1.03% 10,733,452 0 - -
(Limited Partnership) legal person
Domestic
National Social Security Funds-504 non-State-owned 0.94% 9,838,998 0 - -
legal person
Domestic
Harvest Fund- Ping An Bank- Huaxia Asset
non-State-owned 0.94% 9,838,998 0 - -
Management Co., Ltd.
legal person
Caitong Fund－Everbright Bank－Soochow Domestic
Securities Co., Ltd. non-State-owned 0.80% 8,370,031 0 - -
legal person
Top ten shareholders with unrestricted shares held
Amount of unrestricted Type of shares
Shareholder’s name
shares held Type Amount
Sichuan Changhong Electric Co., Ltd. 164,828,330 RMB ordinary shares 164,828,330
Hefei Industrial Investment Holding (Group) Co., Ltd. 47,823,401 RMB ordinary shares 47,823,401
Domestically listed
Changhong (Hong Kong) Trade Co., Ltd. 30,895,442 30,895,442
foreign shares
Ping An Annuity Insurance Company of China, Ltd. – Ping An
23,613,595 RMB ordinary shares 23,613,595
Pension Ruifu private placement No.1 Assets Management Products
Domestically listed
CAO SHENGCHUN 13,829,383 13,829,383
foreign shares
Ping An UOB-Ping An Bank-Guohai Securities Co., Ltd. 12,522,361 RMB ordinary shares 12,522,361
Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging
10,733,452 RMB ordinary shares 10,733,452
Industry Investment Fund (Limited Partnership)
National Social Security Funds-504 9,838,998 RMB ordinary shares 9,838,998
Harvest Fund- Ping An Bank- Huaxia Asset Management Co., Ltd. 9,838,998 RMB ordinary shares 9,838,998
Caitong Fund－Everbright Bank－Soochow Securities Co., Ltd. 8,370,031 RMB ordinary shares 8,370,031
Among the above shareholders, Changhong (Hong Kong) Trade Co., Ltd. is the
wholly-owned subsidiary of Sichuan Changhong Electronic Co., Ltd.; there existed no
Explanation on associated relationship
associated relationship or belong to the concerted actors as specified in the Measures for
among the aforesaid shareholders
the Administration of Information Disclosure of Shareholder Equity Changes of Listed
Companies among Sichuan Changhong Electronic Co., Ltd., Changhong (Hong Kong)
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Trade Co., Ltd. and other top 8 shareholders; and top ten shareholders with unrestricted
subscription; Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry
Investment Fund (Limited Partnership) and Caitong Fund － Everbright Bank －
Soochow Securities Co., Ltd. refers to the products of Caitong Fund Management Co.,
Ltd. subscribe for privately placement of 2016; “National Social Security Funds-504”
and “Harvest Fund- Ping An Bank- Huaxia Asset Management Co., Ltd.” have
subscribed the products managed by Harvest Fund Management Co., Ltd. in the
Company's non-public offering of shares in 2016. The company neither knows whether
there is any association among other shareholders, nor knows whether other
shareholders belong to the persons acting in concert that is stipulated in the
“Administrative Measures on Information Disclosure of Changes in Shareholding of
Listed Companies”.
Explanation on top ten common
shareholders involving margin business (if N/A
applicable)
Note 1: At end of the reporting period, the person acting in concert with controlling shareholder Sichuan
Changhong-- Changhong (Hong Kong) Trading Company Limited, holds B-stock of the Company as 30,895,442
shares, among which, 3,817,645 shares are held through Philip Securities (H.K.) Co., Ltd.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the
Company have no buy-back agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√ Applicable □Not applicable
(I) Changes and reasons of items in balance sheet
In RMB
Opening Changes
Item Ending balance Reasons of changes
balance ratio
Financial assets measured
by fair value and with Change of the fair value for FXA (Forward
39,197,338.78 15,646,731.48 150.51%
variation reckoned into Exchange Agreement) carried out in the period
current gains/losses
Subsidiary – Zhongshan Changhong received the
Interest receivable 942,793.70 4,692,303.18 -79.91% interest on fixed deposit that accrual previously
in the period
Export drawback receivables received in the
Other receivable 38,730,073.47 64,358,959.73 -39.82%
period
The fixed deposit re-classified as non-current
Non-current asset due assets due within one year are reclaimed by
- 44,497,902.00 -100.00%
within one year Zhongshan Changhong- subsidiary of the
Company in the period
The prematurity entrust financing amount
Other current asset 1,337,381,887.78 801,894,930.97 66.78%
increased at period-end from the parent company
More investment for the construction in progress
Construction in process 234,231,503.26 174,857,717.15 33.96% from parent company and its subsidiary Sichuan
Air-conditioner in the period
Financial liability measured
by fair value and with Change of the fair value for FXA (Forward
42,876,766.79 16,034,000.00 167.41%
variation reckoned into Exchange Agreement) carried out in the period
current gains/losses
The loan interest that accrual previously are paid
Interest payable 4,253,236.16 6,441,508.68 -33.97%
by the Company in the period
The long-term loans re-classified as non-current
Non-current liabilities due
14,383,060.99 46,454,376.68 -69.04% liability due within one year are returned by the
in one year
Company in the period
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Other comprehensive Rate in foreign currency changed from the
-11,847,209.15 -7,262,322.02 -63.13%
income subsidiary aboard
(II) Changes and reasons of items in profit statement
In RMB
Amount at the
Amount at Changes
Item same period of Reasons of changes
the period ratio
last year
Interest expenditure increased on a y-o-y basis and the
Financial expenses -1,695,567.00 -17,885,269.18 90.52%
exchange earnings declined from a year earlier
Changing income of Change of the fair value for FXA (Forward Exchange
-3,292,159.49 1,507,583.23 -318.37%
fair value Agreement) carried out in the period
The delivery income for FXA increased from a year earlier
Investment income 23,858,193.30 12,860,815.50 85.51%
in the period
Income from
investment for Some of the joint venture and associated enterprises have
-1,987,586.69 -1,036,950.02 -91.68%
associated enterprise deficit in the period
and joint venture
The income from non-current assets disposal increased on a
Assets disposal income 3,634,169.59 -10,588,328.71 134.32%
y-o-y basis
The government grants with daily operation activities
Other income 10,367,452.07 15,909,149.51 -34.83%
concerned are declined on a y-o-y basis
Some of the non-wholly-owned subsidiary have deficit in
Minority interest -1,101,397.78 1,011,054.00 -208.94%
the period with a y-o-y increased
(III) Changes and reasons of items in cash flow statement
In RMB
Amount at the
Amount at the Changes
Item same period of Reasons of changes
period ratio
last year
The export rebate received in the period increased from
Write-back of tax received 142,336,736.25 58,851,023.20 141.86%
a year earlier
Taxes paid 65,401,069.62 95,836,698.03 -31.76% Paying for the VAT declined on a y-o-y basis
Cash received related with The operational limited monetary funds increased on a
348,569,436.98 184,970,402.42 88.45%
other investment activities y-o-y basis
Cash received from The profit-making from FXA and income from entrust
30,148,051.45 5,688,957.18 429.94%
investment income financing are increased on a y-o-y basis
Net cash received from
Fixed assets disposal from parent company declined
disposal of fixed, intangible 252,000.00 679,858.84 -62.93%
from a year earlier
and other long-term assets
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Net cash received from
disposal of fixed assets,
108,817,240.77 66,731,962.61 63.07% Purchasing of the fixed assets increased on a y-o-y basis
intangible assets and other
long-term assets
Other cash paid concerning
10,010,000.00 - 100.00% Delivery loss from the FXA in the period
operating activities
The short-term loans received in the period increased on
Cash received from loans 607,619,100.00 436,482,592.50 39.21%
a y-o-y basis
The payment of short-term loans increased on a y-o-y
Cash paid for debt settlement 598,642,903.58 261,250,000.00 129.15%
basis
Cash paid for dividend/profit
The loan interest payment by the Company increased on
distribution or interest 16,030,019.50 2,890,153.13 454.64%
a y-o-y basis
expenses
Influence on cash and cash
equivalents due to fluctuation -18,498,907.12 9,570,512.21 -293.29% Change of the rate in foreign currency in the period
in exchange rate
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) Particular about process of the fund raised and investment of fund raised in the report period
The Company implemented a private placement of A-share in year of 2016, totally 1,569,999,998.84 Yuan
raised, net money raised amounting to 1,540,732,722.76 Yuan after deducted vary issuance costs (tax included)
29,267,276.08 Yuan.
The resolutions of the 6th meeting of the 9th session of the Board of Directors of the Company and the 3rd
meeting of the 9th session of the Board of Supervisors of the Company, and the first extraordinary general
meeting of shareholders in 2018 passed and agreed the Company to use its own idle funds not exceeding RMB
1.06 billion (the limit can be rolled over) to invest in the high security and good liquidity principal-protected
financial products with single product term of no more than one year, and the authorization period shall be valid
within one year from the date of approval by the Company’s general meeting of shareholders. The above
mentioned event has been agreed by independent directors and also has an agreement from the sponsor institution
after review. The Company, till recently, will standardize the utilization of fund-raised according to
decision-making and relevant regulations.
Ended as 31 March 2018, actual raised fund was accumulated amounting to 508,021,647.52 Yuan for used,
balance of the account for fund raised counted as 1,085,777,250.09 Yuan (including interest income accumulative
amounted as 9,935,977.18 Yuan and income from financial product at expiration 42,982,856.66 Yuan and
purchasing bank financial products of 560 million Yuan with temporary idle fund-raised.
Accumulated 508,021,647.52 Yuan raised-fund are used for the follow as: accumulated 82,690,004.44 Yuan
used for intelligent manufacturing construction; accumulated 122,950,679.31 Yuan used for intelligent R&D
capacity building and new product development for the intelligence appliance; 31,500,900.00 Yuan used for Smart
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Life projects and accumulated 270,880,063.77 Yuan used for supplemented the current capital (including interest
147,341.01 Yuan).
Ended as 31 March 2018, among the project of intelligent manufacturing construction: the phase I and phase
II construction for “intelligent manufacturing (Hefei)” have been completed in the main content, and phase III till
in process, communication works on technology for relevant equipments are in process presently; Because the
Company’s No. 9 plant in freezer plant area where the project construction site locates has been used by the
subsidiary Zhongke Meiling Cryogenics Company Limited, the implementation of the project “intelligent
production line construction project for an annual increase of 600,000 sets of medium and large volume
environmental protection energy-saving freezers” was influenced, and the project is still in the stage of factory
planning. “Intelligent R&D ability building projects and new product development projects for intelligent home
appliances”: the construction of Inspection & Testing Center Building was underway, the project had a smooth
progress as planned, it’s expected to be put into use in June 2018; completed the development and marketing of
intelligent second-generation products, and the research and development of intelligent third-generation products
has also completed the trial production in small batches and is planned to come into the market in the second half
of 2018; other projects are being implemented smoothly. Smart Life projects have the implementing subject of
Changmei Technology Co., Ltd. (Changmei Technology for short), in reporting period, Changmei Technology
proactively exploit markets and promoted normal business.
(II) Implementation for annual performance incentive fund
On August 9, 2012 and August 28, 2012, the Company considers the adoption of "Hefei Meiling annual
performance incentive fund implementation plan" (hereinafter referred to as "" stimulus "") on the 16th meeting of
the 7th board of directors and the 2012-second provisional shareholders meeting. Details were disclosed on
information disclosure media appointed by the Company as "Securities Times", "Chinese Securities Daily",
"Hong Kong Commercial Daily" and the Juchao network (www.cninfo.com.cn) on August 10, 2012 and August
29th in the form of announcement (No.: 2012-028, No.:2012-035).
1. Implementation about 2012, 2013, 2014 and 2016 performance incentive fund provision and
distribution plan
Please see the details in "The implementation of the company's annual incentive funds "of
"XV-Implementation of the company’s stock incentive plan, employee stock ownership plan or other employee
incentives " at "Section Five-Important matters" in "2017 Annual Report" of the company disclosed on Mar. 30,
2018.
Up to the end of this reporting period, the company's stock purchased by some 2012 annual performance
incentive objects (non-directors, supervisors and senior management) and 2013 annual performance incentive
objects (non-directors, supervisors and senior management) with their granted 2012 annual performance incentive
funds and own funds and 2013 annual performance incentive funds and own funds have been fully desterilized,
the company's stock purchased by some 2014 annual performance incentive objects (non-directors, supervisors
and senior management) with their granted 2014 annual performance incentive funds and own funds has been
desterilized by 50% for term of holding for two years, see below for the overall reducing holding-shares of some
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
above-mentioned incentive objects; The stock of the Company purchased by incentive objects for year of 2016
with the performance incentive fund and their own capital are lock-up for trading by commitment to all incentive
objects, for the share-holding are not hold for two years. Among the incentive objects, the current directors,
supervisors and senior management have not reduced the Company’s shares purchased by implementing 2012,
2013, 2014 and 2016 annual performance incentive plans.
2. Shareholding and reducing of performance incentive objects of the Company
Up to March 31, 2018, the total number of the company’s stock held by incentive objects is 12,379,807
shares, accounting for 1.1851 of the company’s total share capital, of which A stock is 10,689,914 shares,
accounting for about 1.0233% of the company’s total share capital, B stock is 1,689,893shares, accounting for
about 0.1618% of the company’s total share capital. Some 2012 & 2013 & 2014 annual performance incentive
objects (non directors, supervisors or senior management) have cumulatively reduced holding of 4,134,008 shares
from September 2014 to the end of this reporting period, accounting for 0.3956% of the company’s total share
capital, and no shares reduced in the Period.
(III) Transaction with Sichuan Changhong Group Finance Co., Ltd
Being deliberated and approved by 34th session of 8th BOD and Second Extraordinary Shareholders General
Meeting held respectively on 9 August 2017 and 12 September 2017, the Company agreed to sign an Agreement
on Financial Services with Sichuan Changhong Group Finance Co., Ltd. (Changhong Finance for short) for
continues financial services with term of three years. In line with the Agreement, Changhong Finance Company
will provide serial financial services as savings and loans, in business scope, according to the requirement of the
Company and its subordinate subsidiaries. Related transactions from beginning of the year to end of the Period are
as:
In RMB
Interest,
Decreased
Increased during handling
Item Opening balance during the Ending balance
the Period charge paid or
Period
received
2,762,513,703.88 13,189,697,513.83 13,642,915,137.61 2,309,296,080.10 19,491,687.22
I. Savings in Changhong Group
Finance Company
II. Borrowings from Changhong
- - - - -
Group Finance Company
1.Short-term loans - - - - -
2.Long-term loans - - - - -
III. Other financial business - - - - -
721,645,627.87 428,409,984.17 356,502,115.03 793,553,497.01 180,024.30
1.notes drawing
699,356,853.98 66,043,697.56 412,295,392.71 353,105,158.83 3,331,822.49
2.notes discounted
(IV) Other significant events
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Information index for temporary report
Overview Date for disclosure
disclosure
On 9 January 2018, the First Extraordinary Shareholders’ General
Meeting deliberated and approved the proposal as “Investment on Juchao Website: http://www.cninfo.com.cn
2018-1-10
Financial Products by Own Idle Capital” and “Investment on Financial (No.: 2018-001)
Products by Some of the Idle Fund-Raised”
During the period, the Company purchased principal-guaranteed financial
products with idle fund-raised, that is the 1060 million Yuan; including
the 500 million Yuan of principal-guaranteed financial products from Juchao Website: http://www.cninfo.com.cn
2018-1-16
China Minsheng Banking Corp., Ltd.-Hefei Branch. As of the period-end, (No.: 2018-002)
balance of the guaranteed financial products purchased with the idle
fund-raised amounted as 560 million Yuan
On 15 January 2018, the Company received a Letter of Notice on
Progress of the Share Reduction Plan to Hefei Meiling Co., Ltd. from
Caitong Fund Management Co., Ltd. (hereinafter referred to as Caitong
Fund)- the shareholder of the Company with over 5% stocks held. During Juchao Website: http://www.cninfo.com.cn
2018-1-16
the 6 November 2017 to 15 January 2018, Caitong Fund reducing shares (No.: 2018-003)
of the Company amounted as 11,913,134 shares, a 1.1405% in total share
capital of the Company, by way of concentrated bidding transaction and
block transaction.
Being approved by the Board Meeting, the Company agreed to change
relevant accounting policy according to the relevant regulations
Juchao Website: http://www.cninfo.com.cn
and requirement from Ministry of Finance, new enterprise accounting 2018-3-30
(No.: 2018-005; 2018-010)
standards and rules are being performed. The event should be deliberated
and approved by the AGM 2017
Being approved by the Board Meeting, the Company agreed to carry out
forward foreign exchange fund transaction from 1 July 2018 to 30 June
2019 by the Company and its subordinate subsidiary, transaction amount Juchao Website: http://www.cninfo.com.cn
2018-3-30
for business are within 700 million Yuan in total, and the delivery period (No.: 2018-005; 2018-012)
will not over one year for single business. The event should be
deliberated and approved by the AGM 2017
Being approved by the Board Meeting, the Company agreed the
“Shareholder Return Plan for the Next Three Years Juchao Website: http://www.cninfo.com.cn
2018-3-30
(2018-2020)”formulated by the Company. The event should be (No.: 2018-005)
deliberated and approved by the AGM 2017
Being approved by the Board Meeting, the follow business are agreed by
the Company, that is, applying special credit line of bill pool with 600
million Yuan at most to the Bank of Hangzhou- Hefei Branch, the special
Juchao Website: http://www.cninfo.com.cn
credit line of bill pool with 500 million Yuan at most to the Hua Xia Bank 2018-3-30
(No.: 2018-005; 2018-013)
Co., Ltd. –Hefei Branch, the special credit line of bill pool with one
billion Yuan at most to the Bank of Communications Co., Ltd. – Anhui
Branch and the special credit line of bill pool with 500 million Yuan at
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
most to China Zhejiang Bank Co., Ltd.- Hefei Branch. The above
mentioned events should be deliberated and approved by the AGM 2017
III. Commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies.
IV. Forecast of operation performance from Jan. – June of 2018
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be
loss probably or the warning of its material change compared with the corresponding period of the last year and
explanation on reason
□ Applicable √ Not applicable
V. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.
VI. Derivative investment
√ Applicable □Not applicable
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
In 10 thousand Yuan
Amount of
Whe Ratio of
reserve for
ther investment
Relate Amount Amount devaluatio
relat Investment Investment amount at Actual
d Initial purchased in sales in the n of
Operator ed Type Start date End date amount at amount at period-end in gains/losses
relatio investment the reporting reporting withdrawi
trade period-begin period-end net assets of the in period
nship period period ng (if
or Company at
applicable
not period-end
)
Forward foreign
Financial
N/A No exchange 367,218.32 2017-6-14 2019-3-25 210,705.91 156,512.41 64,983.54 0 300,974.65 57.82% 1,260.13
institution
contract
Total 367,218.32 -- -- 210,705.91 156,512.41 64,983.54 0 300,974.65 57.82% 1,260.13
Capital resource(if applicable) Self-owned capital
Lawsuit involved (if applicable) Not applicable
Disclosure date for approval from the Board
2017-3-30
for investment of derivatives (if applicable)
Disclosure date for approval from board of
shareholders for investment of derivatives 2017-5-4
(if applicable)
Risk analysis and controlling measures for 1. Market risk: domestic and international economic situation changes may lead to exchange rate fluctuations, forward foreign exchange transactions are
derivatives holdings in the Period (including under certain market risk. Forward foreign exchange business is aiming to reducing impact on corporate profits by foreign exchange settlement and sale
but not limited to market risk, liquidity risk, prices, exchange rate fluctuations. The Company will follow up the exchange fluctuation, on the basis of target rate determined from the business, relying
credit risks, operation risk and law risks on the research of the foreign currency exchange rates, combined with prediction of consignments, and burdening ability to price variations due to
etc.) exchange rate fluctuations, then determine the plan of forward foreign exchange contracts, and make dynamic management to the business, to ensure
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
reasonable profit level.
2. Liquidity risk: all foreign exchange transactions are based on a reasonable estimate of the future import and export business, to meet the requirements
of the trade authenticity. In addition, forward foreign exchange transactions are processed with bank credit, will not affect liquidity of company funds.
3. Bank default risk: if cooperative banks collapse within the contract time, the Company will not be able to transact the original foreign exchange
contracts with contract price, which leads the risk of income uncertainty. So the Company chose Bank of China, Agricultural Bank of China, Industrial
and Commercial Bank of China, China Construction Bank and other Chinese Banks and part of the larger foreign Banks (such as Deutsche Bank, UOB,
Overseas Chinese Bank, HSBC, etc.) to conduct the trading of foreign exchange capital. These banks share a solid strength and management whose
failure and the risk of loss may bring to the Company is very low.
4. Operational risk: improper operation of the person in charge of forward foreign exchange transactions may cause related risk also. The Company has
formulated related management system which defines the operation process and responsibility to prevent and control risks.
5. The legal risks: unclear terms based in contract signed with banks for related transactions may lead legal risks when forward foreign exchange
transactions are processing. The Company will strengthen legal review, and choose good bank to carry out this kind of business as to risk control.
Risk analysis and controlling measures for The Company determines fair value in accordance with the Chapter VII “Determination of Fair Value” carried in the Accounting Standards for Business
derivatives holdings in the Period (including Enterprises No.22 - Recognition and Measurement of Financial Instruments. Fair-value is basically obtained according to prices offered by bank and other
but not limited to market risk, liquidity risk, pricing services. While fair-value of derivatives is mainly obtained according to the balance between prices given by outstanding contracts and forward
credit risks, operation risk and law risks prices given by contracts signed during the reporting period with bank. The differences are identified as trading financial assets and liabilities. During the
etc.) reporting period, forward foreign exchange contracts and losses of the Company is RMB 12.6013 million.
Specific principle of the accounting policy
and calculation for derivatives in the Period
Not applicable
compared with last period in aspect of
major changes
During the reporting period, the Company carried out its foreign exchange forward deals in strict compliance with the standardized operation guidelines
for listed issuer on main board (2015 amended) issued by Shenzhen Stock Exchange, the Articles of Association, Authorization Management of the
Company, Management System in relating to Foreign Exchange Forward Deals of Hefei Meiling Co., Ltd., and these deals were conducted within the
Special opinion on derivative investment authorization scope under general meeting and board meeting. The Company conducts no foreign exchange transactions on the purpose of getting profit
and risk control by independent directors only, all of the forward foreign exchange transactions are operates based on normal operating and production, which is relying on specific business
operations with purpose of avoiding the preventing the risks in exchange rate. The forward foreign exchange transactions of the Company are beneficial to
prevent the exchange risks exposed by import and export business and thus met its requirement for operation development. There was no speculative
operation, no break of relevant rules and regulations and relevant business was conducted under corresponding decision-making procedures. Interests of
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
the Company and entire shareholders, especially minority shareholders, were not prejudiced.
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
VII. Registration form for receiving research, communication and interview in the report
period
□Applicable √Not applicable
The Company had no receiving research, communication or interview in the reporting period.
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders or its related party in
the reporting period.
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Hefei Meiling Co., Ltd.
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 4,088,917,929.86 5,283,081,788.04
Settlement provisions
Capital lent
Financial assets measured by fair value and with
39,197,338.78 15,646,731.48
variation reckoned into current gains/losses
Derivative financial liability
Notes receivable 2,610,530,552.06 2,074,648,484.36
Accounts receivable 2,211,132,211.96 1,780,416,509.02
Accounts paid in advance 172,415,178.39 200,106,216.59
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable 942,793.70 4,692,303.18
Dividend receivable
Other receivables 38,730,073.47 64,358,959.73
Purchase restituted finance asset
Inventories 3,239,419,265.37 2,918,100,650.27
Assets held for sale
Non-current asset due within one year - 44,497,902.00
Other current assets 1,337,381,887.78 801,894,930.97
Total current assets 13,738,667,231.37 13,187,444,475.64
Non-current assets:
Loans and payments on behalf
Finance asset available for sales 31,000,000.00 31,000,000.00
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 86,084,062.86 90,534,671.92
Investment property 9,400,478.62 9,569,711.72
Fixed assets 1,502,233,614.46 1,439,427,226.50
Construction in progress 234,231,503.26 174,857,717.15
Engineering material
Disposal of fixed asset 75,875,517.11 75,875,517.11
Productive biological asset
Oil and gas asset
Intangible assets 763,463,364.10 772,853,622.41
Expense on Research and Development 104,380,705.66 85,624,078.79
Goodwill
Long-term expenses to be apportioned 2,644,263.24 3,635,861.94
Deferred income tax asset 86,633,904.60 90,689,083.63
Other non-current asset
Total non-current asset 2,895,947,413.91 2,774,067,491.17
Total assets 16,634,614,645.28 15,961,511,966.81
Current liabilities:
Short-term loans 1,666,757,650.00 1,631,206,000.00
Loan from central bank
Absorbing deposit and interbank deposit
Capital borrowed
Financial liability measured by fair value and with
42,876,766.79 16,034,000.00
variation reckoned into current gains/losses
Derivative financial liability
Notes payable 4,222,057,685.65 4,006,765,857.99
Accounts payable 3,091,747,985.22 2,869,886,049.19
Accounts received in advance 550,793,511.30 438,386,810.72
Selling financial asset of repurchase
Commission charge and commission payable
Wage payable 139,077,719.37 184,819,166.86
Taxes payable 71,216,880.56 61,292,671.72
Interest payable 4,253,236.16 6,441,508.68
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Dividend payable 2,890,364.80 2,890,364.80
Other accounts payable 922,708,277.57 834,285,636.00
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Liability held for sale
Non-current liabilities due within 1 year 14,383,060.99 46,454,376.68
Other current liabilities
Total current liabilities 10,728,763,138.41 10,098,462,442.64
Non-current liabilities:
Long-term loans 253,160,000.00 253,160,000.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable 10,953,687.53 10,953,687.53
Long-term wages payable 22,530,881.98 24,645,421.94
Special accounts payable 1,530,000.00 1,530,000.00
Projected liabilities 311,586,864.85 313,013,878.20
Deferred income 100,269,036.21 102,569,955.39
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 700,030,470.57 705,872,943.06
Total liabilities 11,428,793,608.98 10,804,335,385.70
Owner’s equity:
Share capital 1,044,597,881.00 1,044,597,881.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 2,684,806,344.07 2,684,806,344.07
Less: Inventory shares
Other comprehensive income -11,847,209.15 -7,262,322.02
Reasonable reserve
Surplus public reserve 391,029,420.33 391,029,420.33
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Provision of general risk
Retained profit 994,156,624.61 937,894,771.93
Total owner’s equity attributable to parent company 5,102,743,060.86 5,051,066,095.31
Minority interests 103,077,975.44 106,110,485.80
Total owner’s equity 5,205,821,036.30 5,157,176,581.11
Total liabilities and owner’s equity 16,634,614,645.28 15,961,511,966.81
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 2,725,212,469.88 3,411,454,144.54
Financial assets measured by fair value and with
31,270,888.00 14,077,531.48
variation reckoned into current gains/losses
Derivative financial liability
Notes receivable 2,056,393,436.12 1,748,615,925.92
Accounts receivable 1,226,032,239.05 1,372,870,968.26
Account paid in advance 121,183,443.92 162,232,742.46
Interest receivable
Dividends receivable
Other receivables 16,318,074.73 39,849,732.36
Inventories 1,030,564,745.97 1,028,423,929.21
Assets held for sale
Non-current assets maturing within one year
Other current assets 1,167,958,407.02 615,877,268.44
Total current assets 8,374,933,704.69 8,393,402,242.67
Non-current assets:
Available-for-sale financial assets 31,000,000.00 31,000,000.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 1,705,567,610.20 1,705,007,815.84
Investment property 7,875,229.34 7,960,789.08
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Fixed assets 960,248,074.55 933,149,895.50
Construction in progress 96,482,131.11 67,205,463.02
Project materials
Disposal of fixed assets 43,582,333.35 43,582,333.35
Productive biological assets
Oil and natural gas assets
Intangible assets 456,975,002.16 457,534,626.06
Research and development costs 23,498,303.72 23,782,085.92
Goodwill
Long-term deferred expenses
Deferred income tax assets 70,978,480.94 76,015,591.58
Other non-current assets
Total non-current assets 3,396,207,165.37 3,345,238,600.35
Total assets 11,771,140,870.06 11,738,640,843.02
Current liabilities:
Short-term borrowings 1,304,405,000.00 1,186,026,000.00
Financial liability measured by fair value and with
42,876,766.79 16,034,000.00
variation reckoned into current gains/losses
Derivative financial liability
Notes payable 2,080,439,408.00 2,001,732,195.76
Accounts payable 1,526,233,087.19 1,674,129,819.20
Accounts received in advance 75,301,959.55 53,558,493.11
Wage payable 14,394,599.18 33,060,896.41
Taxes payable 27,503,724.57 16,641,410.98
Interest payable 2,677,540.91 3,999,358.60
Dividend payable 2,890,364.80 2,890,364.80
Other accounts payable 922,597,322.92 1,013,257,972.75
Liability held for sale
Non-current liabilities due within 1 year 7,715,255.64 7,715,255.20
Other current liabilities
Total current liabilities 6,007,035,029.55 6,009,045,766.81
Non-current liabilities:
Long-term loans 253,160,000.00 253,160,000.00
Bonds payable
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 22,530,881.98 24,645,421.94
Special accounts payable
Projected liabilities 311,586,864.85 313,013,878.20
Deferred income 54,978,170.69 56,906,985.04
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 642,255,917.52 647,726,285.18
Total liabilities 6,649,290,947.07 6,656,772,051.99
Owners’ equity:
Share capita 1,044,597,881.00 1,044,597,881.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 2,753,017,007.10 2,753,017,007.10
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 390,811,254.65 390,811,254.65
Retained profit 933,423,780.24 893,442,648.28
Total owner’s equity 5,121,849,922.99 5,081,868,791.03
Total liabilities and owner’s equity 11,771,140,870.06 11,738,640,843.02
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 4,245,506,565.60 3,666,603,957.50
Including: Operating income 4,245,506,565.60 3,666,603,957.50
Interest income
Insurance gained
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Commission charge and commission income
II. Total operating cost 4,213,805,314.53 3,614,321,385.47
Including: Operating cost 3,395,348,853.41 2,934,581,098.67
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract
reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 25,629,526.25 28,783,478.79
Sales expenses 659,262,709.74 541,328,415.48
Administration expenses 117,724,986.27 112,056,183.22
Financial expenses -1,695,567.00 -17,885,269.18
Losses of devaluation of asset 17,534,805.86 15,457,478.49
Add: Changing income of fair value(Loss is listed
-3,292,159.49 1,507,583.23
with “-”)
Investment income (Loss is listed with “-”) 23,858,193.30 12,860,815.50
Including: Investment income on affiliated company
-1,987,586.69 -1,036,950.02
and joint venture
Exchange income (Loss is listed with “-”)
Assets disposal income (Loss is listed with “-”) 3,634,169.59 -10,588,328.71
Other income 10,367,452.07 15,909,149.51
III. Operating profit (Loss is listed with “-”) 66,268,906.54 71,971,791.56
Add: Non-operating income 1,557,612.64 703,446.82
Less: Non-operating expense 16,552.57 3,327.89
IV. Total Profit (Loss is listed with “-”) 67,809,966.61 72,671,910.49
Less: Income tax expense 12,649,511.71 10,357,138.93
V. Net profit (Net loss is listed with “-”) 55,160,454.90 62,314,771.56
(I) Continuous operation net profit (Net loss is listed
55,160,454.90 62,314,771.56
with “-”)
(II) Discontinued operation net profit (Net loss is listed
with “-”)
Net profit attributable to owner’s of parent company 56,261,852.68 61,303,717.56
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Minority shareholders’ gains and losses -1,101,397.78 1,011,054.00
VI. Net after-tax of other comprehensive income -6,515,999.71 -513,283.80
Net after-tax of other comprehensive income attributable
-4,584,887.13 -333,739.21
to owners of parent company
(I) Other comprehensive income items which will not
be reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net
defined benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which will
not be reclassified subsequently to profit and loss
(II) Other comprehensive income items which will be
-4,584,887.13 -333,739.21
reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the
investee accounted for using equity method which will be
reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair value
of available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial
assets
4. The effect hedging portion of gains or losses
arising from cash flow hedging instruments
5. Translation differences arising on translation of
-4,584,887.13 -333,739.21
foreign currency financial statements
6. Other
Net after-tax of other comprehensive income attributable
-1,931,112.58 -179,544.59
to minority shareholders
VII. Total comprehensive income 48,644,455.19 61,801,487.76
Total comprehensive income attributable to owners of
51,676,965.55 60,969,978.35
parent Company
Total comprehensive income attributable to minority
-3,032,510.36 831,509.41
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0539 0.0587
(ii) Diluted earnings per share 0.0539 0.0587
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
4. Profit Statement of Parent Company
In RMB
Item Current Period Last Period
I. Operating income 2,108,581,292.40 1,934,766,853.38
Less: Operating cost 1,809,944,883.90 1,767,844,331.87
Operating tax and extras 13,489,765.30 14,808,515.57
Sales expenses 204,911,029.89 91,268,818.65
Administration expenses 52,534,393.18 54,006,692.81
Financial expenses 307,773.98 -15,115,474.14
Losses of devaluation of asset -1,979,239.78 -1,527,203.79
Add: Changing income of fair value(Loss is listed with “-”) -9,649,410.27 1,507,583.23
Investment income (Loss is listed with “-”) 20,171,924.50 15,714,133.06
Including: Investment income on affiliated company
559,794.36 1,816,367.54
and joint venture
Assets disposal income (Loss is listed with “-”) -627,343.74 -902,891.26
Other income 4,241,513.91 3,607,017.78
II. Operating profit (Loss is listed with “-”) 43,509,370.33 43,407,015.22
Add: Non-operating income 1,508,872.27 139,120.81
Less: Non-operating expense - 3,309.00
III. Total Profit (Loss is listed with “-”) 45,018,242.60 43,542,827.03
Less: Income tax expense 5,037,110.64 7,321,619.88
IV. Net profit (Net loss is listed with “-”) 39,981,131.96 36,221,207.15
(I) Continuous operation net profit (Net loss is listed with
39,981,131.96 36,221,207.15
“-”)
(II) Discontinued operation net profit (Net loss is listed with
“-”)
V. Net after-tax of other comprehensive income
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net defined
benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which will not be
reclassified subsequently to profit and loss
(II) Other comprehensive income items which will be
reclassified subsequently to profit or loss
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
1. Share of the other comprehensive income of the
investee accounted for using equity method which will be
reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial
assets
4. The effect hedging portion of gains or losses arising
from cash flow hedging instruments
5. Translation differences arising on translation of
foreign currency financial statements
6. Other
VI. Total comprehensive income 39,981,131.96 36,221,207.15
VII. Earnings per share:
(i) Basic earnings per share 0.0383 0.0347
(ii) Diluted earnings per share 0.0383 0.0347
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
5. Consolidated Cash Flow Statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor
3,116,283,648.67 3,620,133,971.51
services
Net increase of customer deposit and interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from other financial
institution
Cash received from original insurance contract fee
Net cash received from reinsurance business
Net increase of insured savings and investment
Net increase of amount from disposal financial assets that
measured by fair value and with variation reckoned into current
gains/losses
Cash received from interest, commission charge and
commission
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received 142,336,736.25 58,851,023.20
Other cash received concerning operating activities 8,641,836.66 10,074,167.07
Subtotal of cash inflow arising from operating activities 3,267,262,221.58 3,689,059,161.78
Cash paid for purchasing commodities and receiving labor
3,209,115,632.97 2,524,208,265.91
service
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Cash paid for interest, commission charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 415,551,393.88 332,772,781.98
Taxes paid 65,401,069.62 95,836,698.03
Other cash paid concerning operating activities 348,569,436.98 184,970,402.42
Subtotal of cash outflow arising from operating activities 4,038,637,533.45 3,137,788,148.34
Net cash flows arising from operating activities -771,375,311.87 551,271,013.44
II. Cash flows arising from investing activities:
Cash received from recovering investment 540,000,000.00 430,000,000.00
Cash received from investment income 30,148,051.45 5,688,957.18
Net cash received from disposal of fixed, intangible and
252,000.00 679,858.84
other long-term assets
Net cash received from disposal of subsidiaries and other
units
Other cash received concerning investing activities 29,832,743.55 24,352,099.28
Subtotal of cash inflow from investing activities 600,232,795.00 460,720,915.30
Cash paid for purchasing fixed, intangible and other
108,817,240.77 66,731,962.61
long-term assets
Cash paid for investment 1,080,000,000.00 850,000,000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities 10,010,000.00 -
Subtotal of cash outflow from investing activities 1,198,827,240.77 916,731,962.61
Net cash flows arising from investing activities -598,594,445.77 -456,011,047.31
III. Cash flows arising from financing activities
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Cash received from absorbing investment
Including: Cash received from absorbing minority
shareholders’ investment by subsidiaries
Cash received from loans 607,619,100.00 436,482,592.50
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 607,619,100.00 436,482,592.50
Cash paid for settling debts 598,642,903.58 261,250,000.00
Cash paid for dividend and profit distributing or interest
16,030,019.50 2,890,153.13
paying
Including: Dividend and profit of minority shareholder paid
by subsidiaries
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 614,672,923.08 264,140,153.13
Net cash flows arising from financing activities -7,053,823.08 172,342,439.37
IV. Influence on cash and cash equivalents due to fluctuation in
-18,498,907.12 9,570,512.21
exchange rate
V. Net increase of cash and cash equivalents -1,395,522,487.84 277,172,917.71
Add: Balance of cash and cash equivalents at the period
5,089,765,770.39 3,986,098,419.76
-begin
VI. Balance of cash and cash equivalents at the period -end 3,694,243,282.55 4,263,271,337.47
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
6. Cash Flow Statement of Parent Company
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing
1,622,336,432.60 2,104,461,575.79
labor services
Write-back of tax received 72,233,740.77 17,767,311.59
Other cash received concerning operating activities 208,146.11 5,428,029.20
Subtotal of cash inflow arising from operating activities 1,694,778,319.48 2,127,656,916.58
Cash paid for purchasing commodities and receiving labor
1,634,525,578.72 1,752,073,860.12
service
Cash paid to/for staff and workers 139,285,545.18 146,858,607.87
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Taxes paid 16,622,857.79 26,420,881.15
Other cash paid concerning operating activities 78,553,787.65 54,920,570.75
Subtotal of cash outflow arising from operating activities 1,868,987,769.34 1,980,273,919.89
Net cash flows arising from operating activities -174,209,449.86 147,382,996.69
II. Cash flows arising from investing activities:
Cash received from recovering investment 500,000,000.00 430,000,000.00
Cash received from investment income 30,015,681.60 5,688,957.18
Net cash received from disposal of fixed, intangible and
220,000.00 566,647.40
other long-term assets
Net cash received from disposal of subsidiaries and other
units
Other cash received concerning investing activities 14,230,005.57 18,500,025.97
Subtotal of cash inflow from investing activities 544,465,687.17 454,755,630.55
Cash paid for purchasing fixed, intangible and other
34,937,488.72 32,845,762.65
long-term assets
Cash paid for investment 1,060,000,000.00 850,528,000.00
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities 9,740,000.00 -
Subtotal of cash outflow from investing activities 1,104,677,488.72 883,373,762.65
Net cash flows arising from investing activities -560,211,801.55 -428,618,132.10
III. Cash flows arising from financing activities
Cash received from absorbing investment
Cash received from loans 426,678,000.00 396,526,192.50
Cash received from issuing bonds
Other cash received concerning financing activities 15,281,801.00 158,844,058.57
Subtotal of cash inflow from financing activities 441,959,801.00 555,370,251.07
Cash paid for settling debts 300,000,000.00 261,250,000.00
Cash paid for dividend and profit distributing or interest
13,430,070.19 2,309,091.67
paying
Other cash paid concerning financing activities 72,182,236.15 1,788,556.49
Subtotal of cash outflow from financing activities 385,612,306.34 265,347,648.16
Net cash flows arising from financing activities 56,347,494.66 290,022,602.91
IV. Influence on cash and cash equivalents due to fluctuation
-6,743,197.91 8,527,359.66
in exchange rate
V. Net increase of cash and cash equivalents -684,816,954.66 17,314,827.16
Hefei Meiling Co., Ltd.The First Quarterly Report of 2018
Add: Balance of cash and cash equivalents at the period
3,410,029,424.54 3,067,671,385.08
-begin
VI. Balance of cash and cash equivalents at the period -end 2,725,212,469.88 3,084,986,212.24
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company has not been audited.
Hefei Meiling Co., Ltd.
Chairman: Li Wei
18 April 2018
