CHANGHONG MEILING CO., LTD
THE THIRD QUARTERLY REPORT FOR 2018
October 2018
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Section I. Important Notes
Board of Directors and the Supervisory Committee of Changhong Meiling Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities,
individual and/or joint, for the reality, accuracy and completion of the whole contents.
Principal of the Company Mr. Li Wei, Person in Charge of Accounting Works Mr. Pang Haitao and Person in
Charge of Accounting Organ (Accounting Officer) Mr. Luo Bo hereby confirm that the Financial Report of the
Third Quarterly Report is authentic, accurate and complete.
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Third quarterly report of 2018 has not been audited.
All directors of the Company are attended the Meeting for quarterly report deliberation.
1
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Changes of this period-end over
End of this period End of last period
same period-end of last year
Total assets(RMB) 16,095,284,699.26 15,961,511,966.81 0.84%
Net assets attributable to shareholders
5,048,400,111.51 5,051,066,095.31 -0.05%
of listed company (RMB)
Increase/decrease in
Increase/decrease in
Year-begin to end of comparison with
Current period comparison with same
the Period year-begin to Period-end
period of last year
of last year
Operating revenue (RMB) 3,977,110,177.70 -14.68% 13,248,619,747.37 0.53%
Net profit attributable to shareholders
14,954,274.39 -46.87% 65,638,506.12 -45.40%
of the listed company (RMB)
Net profit attributable to shareholders
of the listed company after deducting -5,122,046.17 -132.66% -11,722,148.00 -114.19%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-- -- 241,227,370.55 284.43%
activities(RMB)
Basic earnings per share
0.0143 -46.87% 0.0628 -45.40%
(RMB/Share)
Diluted earnings per share
0.0143 -46.87% 0.0628 -45.40%
(RMB/Share)
0.25 percentage points 1.04 percentage points
Weighted average ROE 0.30% 1.30%
down down
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin
Item Note
to end of the Period
Gains/losses from the disposal of non-current asset (including the Found in “income from assets
3,476,687.51
write-off that accrued for impairment of assets) disposal”
2
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Governmental subsidy reckoned into current gains/losses (not
Found in “other income” and
including the subsidy enjoyed in quota or ration according to national 64,506,672.96
“Non-operating income”
standards, which are closely relevant to enterprise’s business)
Held transaction financial asset, gains/losses of changes of fair values
from transaction financial liabilities, and investment gains from
Found in “Changes in fair value
disposal of transaction financial asset, transaction financial liabilities 14,222,833.08
gains” and “Investment income”
and financial asset available for sales, exclude the effective hedging
business relevant with normal operations of the Company
Switch-back of provision of impairment of account receivable which
2,767,953.96 --
are treated with separate depreciation test
Other non-operating income and expenditure except for the Found in “Non-operating income
5,262,917.72
aforementioned ones and expenditure”
Less: impact on income tax 12,107,015.34 --
Impact on minority shareholders’ equity (post-tax) 769,395.77 --
Total 77,360,654.12 --
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. 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 at the
60,704 voting rights recovered at end of 0
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 shares
shareholder shares held
held State of Amoun
held
share t
State-owned legal
Sichuan Changhong Electric Co., Ltd. 22.47% 234,705,968 69,877,638 -- --
person
3
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
State-owned legal
Hefei Industrial Investment Holding (Group) Co., Ltd. 4.58% 47,823,401 0 -- --
person
Foreign legal
Changhong (Hong Kong) Trade Co., Ltd. (Note 1) 2.96% 30,895,442 0 -- --
person
Foreign natural
CAO SHENGCHUN 1.36% 14,240,979 0 -- --
person
Ping An Annuity Insurance Company of China, Ltd. – Domestic
Ping An Pension Ruifu private placement No.1 Assets non-state-owned 1.26% 13,169,395 0 -- --
Management Products legal person
Domestic
Ping An UOB-Ping An Bank-Guohai Securities Co., Ltd. non-state-owned 1.20% 12,522,361 0 -- --
legal person
Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Domestic
Emerging Industry Investment Fund (Limited non-state-owned 1.03% 10,733,452 0 -- --
Partnership) legal person
Domestic
Shenzhen Morality & Prestige Capital Management Co.,
non-state-owned 0.78% 8,167,695 0 -- --
Ltd. - Morality & Prestige Capital No.1 PE
legal person
Domestic
Harvest Fund- Agriculture Bank – ABC- CA Fund
non-state-owned 0.77% 8,050,089 0 -- --
Management Co., Ltd.
legal person
Caitong Fund－Everbright Bank－Soochow Securities Domestic
Co., Ltd. non-state-owned 0.71% 7,387,829 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. (Note 1) 30,895,442 30,895,442
foreign shares
Domestically listed
CAO SHENGCHUN 14,240,979 14,240,979
foreign shares
Ping An Annuity Insurance Company of China, Ltd. – Ping An Pension
13,169,395 RMB ordinary shares 13,169,395
Ruifu private placement No.1 Assets Management Products
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)
Shenzhen Morality & Prestige Capital Management Co., Ltd. -
8,167,695 RMB ordinary shares 8,167,695
Morality & Prestige Capital No.1 PE
4
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Harvest Fund- Agriculture Bank – ABC- CA Fund Management Co.,
8,050,089 RMB ordinary shares 8,050,089
Ltd.
Caitong Fund－Everbright Bank－Soochow Securities Co., Ltd. 7,387,829 RMB ordinary shares 7,387,829
Among the above shareholders, Changhong (Hong Kong) Trade Co., Ltd. is the
wholly-owned subsidiary of Sichuan Changhong Electronic Co., Ltd.; there existed no
associated relationship or belong to the concerted actors as specified in the Measures for
the Administration of Information Disclosure of Shareholder Equity Changes of Listed
Companies among Sichuan Changhong Electronic Co., Ltd., Changhong (Hong Kong)
Trade Co., Ltd. and other top 8 shareholders; and top ten shareholders with unrestricted
subscription; Ping An Annuity Insurance Company of China, Ltd. – Ping An Pension
Ruifu private placement No.1 Assets Management Products refers to the products of Ping
An Annuity Insurance Company of China, Ltd subscribe for privately placement of 2016;"
Ping An UOB-Ping An Bank-Guohai Securities Co., Ltd. " have subscribed the products
Explanation on associated relationship among the
managed by Ping An Dahua Fund Management Co., Ltd. in the Company's non-public
aforesaid shareholders
offering of shares in 2016; 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; “Harvest Fund- Agriculture Bank –
ABC- CA Fund 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
Not applicable
involving margin business (if 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, of which, Changhong (Hong Kong) Trade Co., Ltd. holds 3,817,645 shares of B stock through Philip
Securities (H.K.) 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
5
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
(I) Changes of items of balance sheet and cause analysis
In RMB
Opening
Item Closing balance Changes Reasons
balance
Non current assets due The time deposit re-classified to non-current assets due within one
- 44,497,902.00 -100.00%
within one year year reclaim in the period for subsidiary Zhongshan Changhong
The amount of entrusted financial management before maturity
Other current assets 1,837,209,783.15 801,894,930.97 129.11%
from the parent company increased at end of the period
Investment real estate from subsidiary Zhongke Meiling increased
Investment real estate 31,629,942.93 9,569,711.72 230.52%
in the period
Construction in Investment for construction in process increased from parent
462,037,342.13 174,857,717.15 164.24%
process company and subsidiary Changhong Air-conditioned in the period
Development Investment for development increased from parent company and
157,969,470.24 85,624,078.79 84.49%
expenditure subsidiary Changhong Air-conditioned in the period
Long-term deferred The long-term amortization expenses from subsidiary Changhong
1,384,926.83 3,635,861.94 -61.91%
expenses Air-conditioned was amortized in the period
Financial liabilities
measured by fair value
Change of the fair value of forward foreign exchange contract in the
and with its variation 40,375,510.12 16,034,000.00 151.81%
period
reckon into current
gains/losses
Taxes Payable 39,801,144.51 61,292,671.72 -35.06% Taxes for last year are paid in the period
Non-current liability
264,351,242.37 46,454,376.68 469.06% The long-term loans are re-classified in the period
due within one year
Long-term loans 2,520,000.00 253,160,000.00 -99.00% Same reasons as “non-current liability due within one year”
Other comprehensive Rate in foreign money from oversea subsidiary changed in the
-12,472,818.64 -7,262,322.02 -71.75%
income period
(II) Changes of items of profit statement and cause analysis
In RMB
Same period of
Item This Period Changes Reasons
last year
6
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Changing income of fair
Change of the fair value of forward foreign exchange contract in
value(Loss is listed with -25,833,772.85 -15,475,683.18 -66.93%
the period
“-”)
Investment income(Loss The investment income for some of the associated and joint
20,726,039.38 39,675,737.03 -47.76%
is listed with “-”) ventures are declined form a year earlier in the period
Investment income on
affiliated company and -12,056,138.08 2,235,018.46 -639.42% Same reasons as “investment income”
joint venture
Assets disposal
income(Loss is listed 3,476,687.51 -13,972,627.26 124.88% Income from assets deposal increased on a y-o-y basis
with “-”)
The government subsidy with routine activity concerned of the
Other benefits 68,046,614.02 39,577,285.34 71.93%
company increased on a y-o-y basis
The settlement of case received by parent company in the period
Non operating income 5,443,167.59 2,318,979.32 134.72%
increased on a y-o-y basis
Non operating expenses 60,249.87 338,665.25 -82.21% Amercement outlay declined on a y-o-y basis in the period
Mainly because the re-location of subsidiary Changhong
Net profit attributable to
Air-conditioner and more investment in R&D; meanwhile, profit
owners of parent 65,638,506.12 120,222,315.96 -45.40%
of the company decline from a year earlier due to raw material
company
sustain in a high price.
Minority shareholders’ Profit from some of the non-wholly-owned subsidiary declined
196,132.62 7,618,443.66 -97.43%
gains and losses from a year earlier
(III) Changes of items of cash flow statement and cause analysis
In RMB
Same period of
Item This Period Changes Reasons
last year
The export rebates received in the period increased from a
Write-back of tax received 455,080,647.00 332,183,490.22 37.00%
year earlier
Other cash received
concerning operating 234,806,474.37 41,763,321.49 462.23% The operating restricted money collected in the period
activities
Cash received from returns of The principal of entrusted financial collected in the period
1,900,000,000.00 2,957,000,000.00 -35.75%
investments declined from a year earlier
Net cash received from
disposal of fixed assets, Income from fixed assets disposal received in the period
17,944,967.00 2,531,948.87 608.74%
intangible assets and other increased
long-term assets
Cash paid for other
255,500.00 10,574,661.31 -97.58% Loss of forward foreign exchange delivery paid last period
investment activities
7
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Cash paid for debts 2,133,854,035.14 1,096,840,299.04 94.55% Loans are paid in the period increased from a year earlier
Cash paid for dividend and
profit distributing or interest 109,269,826.49 67,101,769.40 62.84% The financing interest paid in the period increased
paying
Other cash paid concerning Capital contribution are return to minority shareholders in
2,050,458.19 151,611.24 1252.44%
financing activities the period
Influence on cash and cash
equivalents due to fluctuation 3,791,101.79 -18,706,015.36 120.27% Changes in foreign currency exchange rate in the period
in exchange rate
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) Particular about the process of the fund raised and investment of fund raised
In 2016, the Company carried out private placement of A-share with 1,569,999,998.84 Yuan raise in total. Net
amount raise as 1,540,732,722.76 Yuan after vary issuance costs (tax included) 29,267,276.08 Yuan deducted.
As discussed at the 6th meeting of the 9th session of the board, the 3rd meeting of the 9th session of the supervisory
committee and the 1st extraordinary general meeting for 2018, being agreed by independent directors as well as
the no objection verification opinion required from sponsor institution, the Company was approved to invest in
such break-even financing products that are highly safe, in good liquidity and with a term of not more than one
year for a single product with the available raised proceeds under the maximum limit of RMB1,060,000,000
which could be used on a rolling basis. This authorization shall be effective for a year since being approved at the
general meeting of The Company. So far, the Company used the raised fund in line with the decision-making and
relevant regulations and standards.
Up to 30th September, the raised capital for raised-fund projects have invested 667,922,389.23 Yuan accumulate in
total, balance of the specific raised-fund A/C counted as 948,532,019.03 Yuan (including accumulate interest
10,859,624.82 Yuan, maturity yield from bank financial products 64,714,719.67 Yuan and bank financial products
940 million Yuan purchased with idle raise fund)
The raised-fund investment 667,922,389.23 Yuan including the follow projects: intelligent manufacturing
construction invested 113,023,349.20 Yuan accumulated; intelligent R & D capacity building and intelligent home
appliances technology development project invested 239,017,776.26 Yuan accumulated; intelligent life project
invested 45,001,200.00 Yuan in total and 270,880,063.77 Yuan (including interest 147,341.01 Yuan) accumulated
for supplementation of the current capital.
Up to 30th September 2018, among the intelligent manufacturing construction: ”Intelligent manufacturing (Hefei)”
completed phase I and phase II construction, the phase III construction work is in progress. As for the ”intelligent
manufacturing project of 600,000 capacity of environmental protection & energy-saving freezer with medium &
large volume annually”, the project has been slowed down and still in continuous demonstration for the follows- 1)
location of the construction site was occupied temporary and 2) the market environment, exportation in particular,
8
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
has major changes since the beginning of the year. During the period, “intelligent R&D construction and new
products development for smart home appliances technology” has completed the building of laboratory center and
fire inspection work, it is estimated that the project will officially put into use in December as a whole; the
second-generation smart products has developed and listed, the R&D for third-generation smart products are in
progress and in pilot run; other projects are in process smoothly. Changmei Technology Co., Ltd. (hereinafter
referred to as Changmei Technology) is in charge of the “Intelligent life project”, and they still pushing the
business forward with market expansion.
(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
See details in "Implementation of the company's annual incentive fund" in "XV Implementation of the company's
stock incentive plan, employee stock ownership plan, or other employee incentive measures" in "Section V
Significant Events" of the company's "2017 Annual Report" disclosed on March 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
above-mentioned incentive objects; the shares of the Company purchased by the performance incentive objects for
year of 2016 with their incentive funds and owned capital has less than two years period for shares holding, than
the shares held by all incentive objects are lock-up for commitments. 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. Share holding and reduction of the company’s performance incentive objects
As of September 30, 2018, all incentive objects held a total of 12,379,807 shares, accounting for 1.1851% of the
company’s general capital, of which 10,689,914 shares of A share, accounting for approximately 1.0233% of the
company’s general capital, 1,689,893 shares of B share, and accounting for about 0.1618% of the company’s
general capital. Some 2012, 2013 and 2014 annual performance incentive objects (not directors, supervisors or
senior management) have totally reduced share of 4,134,008 shares from September 2014 to the end of the this
reporting period, accounting for approximately 0.3956% of the company’s general capital, and reduced holding of
9
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
0 shares in this reporting period.
(III) Transaction with Sichuan Changhong Group Finance Co., Ltd.
Approved by the 34th session of 8th BOD held on 9 August 2017 and 12 September and 2nd extraordinary
shareholder meeting 2017, the Company are allowed to carried out financial service cooperation with Sichuan
Changhong Group Finance Co., Ltd. (hereinafter referred to as "Changhong Finance Company"), and sign a
"financial service agreement" with 3-year terms. Under the agreement, Changhong Finance Company would
provide a series of financial services as deposit and loans act. within the business scope in accordance with the
requirements of the Company and its subsidiaries. Related transactions with Changhong Finance Company from
year-begging to the period-end are as:
In RMB
Interest,
Increased during Decreased during
Item Opening balance Ending balance handling charge
the Year the Year
paid or received
I. Savings in
Changhong Group 2,762,513,703.88 36,147,380,345.23 36,536,467,600.97 2,373,426,448.14 73,350,390.15
Finance Company
II. Borrowings
from Changhong
- 100,100,000.00 - 100,100,000.00 1,404,030.00
Group Finance
Company
1.Short-term loans - 100,100,000.00 - 100,100,000.00 1,404,030.00
2.Long-term loans - - - - -
III. Other -
financial business
1.notes
721,645,627.87 1,337,445,065.00 1,157,452,000.43 901,638,692.44 554,497.94
drawing
2.notes
699,356,853.98 732,273,283.26 732,272,369.90 699,357,767.34 6,163,467.39
discounted
(IV) Other significant events
Date for Information index for temporary report
Overview
disclosure disclosure
The proposal of Financial Products Investment with Owned Idle Fund and
Financial Products Investment with Part of the Idle Fund Raising were deliberated Juchao Website: http://www.cninfo.com.cn
2018-1-10
and approved by the First Extraordinary General Meeting of 2018 held dated 9 (No.: 2018-001)
January 2018
On 15 January 2018, The Company received from Caitong Fund Management Juchao Website: http://www.cninfo.com.cn
2018-1-16
Co., Ltd (“Caitong Fund”, a shareholder of The Company holding shares of over (No.: 2018-003)
10
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
5%) the Letter Relating to Progress of the Plan of Reducing Shareholding in Hefei
Meiling Co., Ltd. Caitong Fund reduced holding of 11,913,134 shares in The
Company via collective bidding trading and bulk trading during the period from 6
November 2017 to 15 January 2018, accounting for 1.1405% of the total share
capital of The Company.
On 13 April 2018, The Company received from Caitong Fund the Letter Relating
to Progress of the Plan of Reducing Shareholding in Hefei Meiling Co., Ltd. and
the Notice Relating to Shareholding Reduction Plan of Hefei Meiling Co., Ltd.
Caitong Fund reduced holding of 7,098,450 shares in The Company via collective
bidding trading during the period from 16 January 2018 to 13 April 2018, Juchao Website: http://www.cninfo.com.cn
2018-4-14
accounting for 0.6795% of the total share capital of The Company. Besides, it (No.: 2018-017, No.: 2018-018 )
planned to reduce holding of not more than 62,675,866 shares of The Company
(not more than 6% of the total share capital of The Company) via collective
bidding trading, bulk trading or other legal means within six months since this
shareholding reduction announcement.
On 13 July 2018, The Company received from Caitong Fund the Letter Relating
to Progress of the Plan of Reducing Shareholding in Changhong Meiling Co., Ltd.
Juchao Website: http://www.cninfo.com.cn
Caitong Fund reduced holding of 5,601,671 shares in The Company via collective 2018-7-14
(No.: 2018-044)
bidding trading during the period from 11 May 2018 to 13 July 2018, accounting
for 0.5363% of the total share capital of The Company.
As deliberated and approved by the Board, the supervisory committee and the
Juchao Website: http://www.cninfo.com.cn
shareholders general meeting, the Company was approved to make certain 2018-3-30
(No.: 2018-005, No.: 2018-006, No.:
accounting policy changes, implement the new business accounting standards and 2018-5-11
2018-010, No.: 2018-029)
new requirements under the relevant requirements of the Ministry of Finance.
As deliberated and approved by the Board and shareholders general meeting, the
Company and its subsidiaries were approved to conduct forward exchange capital Juchao Website: http://www.cninfo.com.cn
2018-3-30
transactions during the period from 1 July 2018 to 30 June 2019, provided that the (No.: 2018-005, No.: 2018-012, No.:
2018-5-11
transaction balance shall not be more than US$700 million and the completion 2018-029)
term for a single transaction shall be not more than one year.
As deliberated and approved by the Board and shareholders general meeting, the
2018-3-30 Juchao Website: http://www.cninfo.com.cn
Shareholder Return Plan for the Future Three Years (2018-2020) of the Company
2018-5-11 (No.: 2018-005, No.: 2018-029)
was approved
As deliberated and approved by the Board and shareholders general meeting, it
was agreed that the Company and its subsidiaries apply to the Hefei Branch of
Bank of Hangzhou for the bill pool special credit facility under the maximum
amount of RMB600 million, apply to the Hefei Branch of Huaxia Bank for the Juchao Website: http://www.cninfo.com.cn
2018-3-30
bill pool special credit facility under the maximum amount of RMB500 million, (No.: 2018-005, No.: 2018-013, No.:
2018-5-11
apply to the Anhui Branch of Bank of Communication for the bill pool special 2018-029)
credit facility under the maximum amount of RMB1.0 billion and to the Hefei
Branch of China Zheshang Bank for the bill pool special credit facility under the
maximum amount of RMB500 million.
The 2017 Annual Profit Distribution Plan was deliberated and approved by 7th 2018-3-30 Juchao Website: http://www.cninfo.com.cn
11
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
meeting of the 9th session of the board, the 4th meeting of the 8th session of the 2018-5-11 (No.: 2018-005, No.: 2018-006, No.:
supervisory committee and the AGM 2017 held on 28 March 2018 and 10 May; 2018-6-27 2018-029, No.: 2018-040 )
And the Company, it was resolved that a cash dividend of RMB0.6 (tax included)
would be paid for every 10 shares held by all the shareholders based on the total
share capital of 1,044,597,881 shares as of 31 December 2017 and the plan was
competed
As deliberated and approved by the board, the Company was agreed to subscribe
the “Soochow-China Merchants Bank-Donghui No.135 Targeted Assets
Management Plan” issued by Soochow Securities with its own spare funds of Juchao Website: http://www.cninfo.com.cn
2018-4-13
RMB200 million, and enter into the “Soochow-China Merchants Bank-Donghui (No.: 2018-014, No.: 2018-016)
No.135 Targeted Assets Management Plan-Targeted Assets Management
Contract” with Soochow Securities.
As deliberated and approved by the Board and shareholders general meeting, it
Juchao Website: http://www.cninfo.com.cn
was agreed to amend certain provisions of the Articles of Association of The 2018-4-20
(No.: 2018-022, No.: 2018-023, No.:
Company, such as addition of relevant provision on Party construction and 2018-5-11
2018-024, No.: 2018-029 )
separate count of votes for minority shareholders.
Shares of the Company suspended trading from 9 May 2018 since its participation
in an equity acquisition of Gorenje gospodinjski aparati, d.d. (hereinafter referred
to as Gorenje Company) may constitute material assets reorganization. At the 11th
meeting of the 9th session of the Board held on 7 May 2018, it was resolved by
unanimous approving votes that the Company was authorized to submit the
2018-5-9 Juchao Website: http://www.cninfo.com.cn
binding quotation in relation to this acquisition of equity interest of Gorenje
2018-5-11 (No.: 2018-027, No.: 2018-028)
Company under relevant requirements. On the evening of 9 May 2018 (Beijing
time), after prudent negotiation with relevant parties, the Company determined to
cease this bidding acquisition since the Company and Gorenje Company and its
certain shareholders held material different opinions on transaction procedure and
price, and stock of the Company resumption of trading since 11 May 2018
As deliberated and approved by the Board, it was agreed that the Company and its
subsidiaries apply to the Hefei Branch of Ping An Bank Ltd. for the bill pool
Juchao Website: http://www.cninfo.com.cn
special credit facility under the maximum amount of RMB300 million with one 2018-6-5
(No.: 2018-032, No.: 2018-035)
year limited, breeds of credit mainly use for special business of bill pool with bill
pledge mode adapted.
Former independent director Mr. Teng Guangsheng apply for leave the position as
Juchao Website: http://www.cninfo.com.cn
director of 9th BOD of the Company and member of strategy committee for 2018-6-5
(No.: 2018-031)
personal work
On 27 June 2018, the Company received an amount of RMB15,410,000 as
enterprise policy fund appropriated from the Financial Treasury Payment Center
Juchao Website: http://www.cninfo.com.cn
of Hefei Economic and Technology Development Zone, accounting for 47.45% of 2018-6-27
(No.: 2018-041)
the audited net profit attributable to shareholders of the listed company as set out
in the latest financial statement
12
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
As deliberated and approved by the Board and shareholders general meeting, it
was agreed that the full name of the Company changed from “合肥美菱股份有限
公司” to “长虹美菱股份有限公司” (for Chinese name) and from “HEFEI
MEILINGCO.,LTD.” to “CHANGHONG MEILING CO.,LTD.” (for English Juchao Website: http://www.cninfo.com.cn
2018-6-5
name). meanwhile, the abbreviated name of the A shares changed from (No.: 2018-032, No.: 2018-033, No.:
2018-6-22
“Meilingdianqi” to “Changhong Meiling” , and for B shares, from “Wanmeiling 2018-034, No.: 2018-036, No.: 2018-038,
2018-7-3
B” to “Hongmeiling B”. the above said changes have completed the registration No.: 2018-043 )
procedures in industrial & commerce bureau and approved by the Shenzhen Stock
Exchange. The Company use new stock abbreviation since 3 July 2018, code of
the Company remain the same
Being deliberated and approved by the Board and shareholders general meeting, Juchao Website: http://www.cninfo.com.cn
2018-6-5
relevant clauses of the Article of Association agreed for amendment for full name (No.: 2018-032, No.: 2018-034, No.:
2018-6-22
of the Company changed. 2018-036, No.: 2018-038 )
As deliberated and approved by shareholders general meeting, Mr. Hu Zhaogui
was agreed to serves as the independent director candidate for 9th BOD of the Juchao Website: http://www.cninfo.com.cn
2018-6-5
th
Company by election, service term same as the term of 9 BOD. At the same (No.: 2018-032, No.: 2018-036, No.:
2018-6-22
time, being deliberated and approved by the Bord, Mr. Hu Zhaogui was appointed 2018-038, No.: 2018-039 )
as deputy president of the Company with office term as long as the 9th BOD
Early in the year, we were notified by controlling shareholder- Sichuan
Changhong Electric Co., Ltd (hereinafter referred to as Sichuan Changhong), that
is, Sichuan Changhong plans to offering exchangeable bonds in private way with
part of the A-shares of the Company and their fruits (including the share capital
converted from public reserves, bonus shares, dividend etc. ), the placement term 2017-2-28 Juchao Website: http://www.cninfo.com.cn
will not last over three years and with 500 million Yuan at most for raising. On 6 2018-8-7 (No.: 2017-004, No.: 2018-045)
August 2018, we received a written correspondence from Sichuan Changhong,
being negotiation with Shenzhen Stock Exchange, the above mentioned
placement of exchangeable bonds in private way was determined to terminated
for change of the market environment
As deliberated and approved by the Board, the estimation for routine related
transaction for year of 2018 was agreed to increased between the Company & its
controlling subsidiary and Hunan Grand-pro Intelligent Technology Co., Ltd. -of Juchao Website: http://www.cninfo.com.cn
2018-8-15
the subordinate company of Changing Huayi Compressor Co., Ltd., the related (No.: 2018-047, No.: 2018-052)
transaction including 6.5 million Yuan at most (tax excluded) trading for robot
cleaner purchasement
13
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
III. Commitments that the company, shareholders, actual controller, offeror, directors,
supervisors, senior management or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or
other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Forecast of operation performance 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. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
Type Capital resources Amount for entrust Balance un-expired Overdue amount
Bank financing
Idle raised funds 106,000 94,000 0
product
Trust financing
Own funds 60,000 60,000 0
products
Financial products of
Own funds 20,000 20,000 0
the broker
Total 186,000 174,000 0
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and
non-guaranteed:
√ Applicable □Not applicable
14
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
In 10 thousand Yuan
Amount of Wheth
Whether
reserve for er
Refere Anticipate Actual has
Criteria devaluatio approv
Trustee nce d income Actual collected entrust Summary of the items
Trustee Source Start for n of ed by
institution r Type Amount End date Capital investment purpose annual (if gains/losse gains/los finance and related query
type of funds date fixing withdrawi legal
name rate of applicable s in period ses in plan in index (if applicable)
reward ng (if proced
return ) period the
applicable ure
future
) (Y/N)
The bank deposits, government bonds,
financial bonds, central bank bills, enterprise
bonds with AA+ rating, enterprise short-term
financing bonds with short-term credit ratings
of A-1 and above, bond reverse repurchases,
Fund trust
bank financial products, money market funds,
Sichuan plan with 6.10% Not Juchao Website
Self-ow 2017-11 2018-11 and other money market products; the asset 2,692.56
Trust Co., Trust use of 60,000 annual 6.10% 3,660.00 2,692.56 N/A Y applicab (www.cninfo.com.cn)
n funds -30 -30 management plans issued by securities （Note 1）
Ltd. purpose yield le (No.: 2017-095)
companies; the asset management plans
designated
issued by special fund subsidiaries; the trust
products issued by trust companies or
transferring trust beneficiary right; the
transferring usufruct of receivables; the
insurance funds of trust industries, etc.
Investment for the second phase debt Juchao Website
SOOCHOW Assets Expiry Not
Self-ow 2018-4- 2021-4- financing plan for year of 2018 that issued on (www.cninfo.com.cn)
Securities Broker manageme 20,000 liquidati 8.28% 4,968.00 - - N/A Y applicab
n funds 12 12 CFAE under the name of Jinshiqi (No.: 2018-014, No.:
Co., Ltd. nt plan on le
International Holding Co., Ltd. 2018-015)
Hefei Branch Floating Idle 2018-1- 2018-3- Takes the money collect by structured deposit 4.80% Not Juchao Website
Bank 50,000 4.80% 493.15 493.15 493.15 N/A Y
of China income raise 12 28 sales as notional principal, and conducted annual applicab (www.cninfo.com.cn)
15
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Minsheng type funds investment income and financial derivatives yield le (No.: 2018-002)
Bank with USD3M-LIBOR linked with the counter
party by using the cost of above mentioned
principal
Principal of the products included in the
Anhui
unified operation & management of the bank
Branch of Guarantee Idle 4.90% Not Juchao Website
2018-1- 2018-6- capital, investment mainly including money
Bank of Bank income 56,000 raise annual 4.90% 1,217.88 1,217.88 1,217.88 N/A Y applicab (www.cninfo.com.cn)
16 27 market instrument and fixed-income tool; the
Communicat type funds yield le (No.: 2018-002)
money market instrument takes 30%-100%
ion Co., Ltd.
and 0-30% for the fixed-income tool
Takes the money collect by structured deposit
Chengdu sales as notional principal, and conducted
Floating Idle 4.70% Not Juchao Website
Branch of 2018-4- 2018-7- investment income and financial derivatives
Bank income 50,000 raise annual 4.70% 585.89 585.89 585.89 N/A Y applicab (www.cninfo.com.cn)
China Citic 26 26 with USD3M-LIBOR linked with the counter
type funds yield le (No.: 2018-025)
Bank party by using the cost of above mentioned
principal
Takes the money collect by structured deposit
Anhui
sales as notional principal, and conducted
Branch of Floating Idle 5.05% Not Juchao Website
2018-6- 2018-9- investment income and financial derivatives
Bank of Bank income 30,000 raise annual 5.05% 369.41 369.41 369.41 N/A Y applicab (www.cninfo.com.cn)
29 26 with the benchmark comparison value of
Communicat type funds yield le (No.: 2018-042)
3Mshibor linked with the counter party by
ion Co., Ltd.
using the cost of above mentioned principal
Takes the money collect by structured deposit
Anhui
sales as notional principal, and conducted
Branch of Floating Idle 5.05% Not Juchao Website
2018-6- 2018-12 investment income and financial derivatives
Bank of Bank income 10,000 raise annual 5.05% 249.04 - - N/A Y applicab (www.cninfo.com.cn)
29 -26 with the benchmark comparison value of
Communicat type funds yield le (No.: 2018-042)
3Mshibor linked with the counter party by
ion Co., Ltd.
using the cost of above mentioned principal
Hefei Branch Bank Floating 10,000 Idle 2018-6- 2018-12 Foreign currency structured financial products 5.00% 5.00% 238.36 - - N/A Y Not Juchao Website
16
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
of BEA income raise 28 -19 (In the premise of voluntary assumption of the annual applicab (www.cninfo.com.cn)
type funds market risks, the bank providing structured yield le (No.: 2018-042)
financial products to the clients, that is the
capital link up with specified type of
investment or some kinds of the foreign
currency rate), peg index: Australian dollar
against US dollar
Chengdu
Floating Idle 4.35% Not Juchao Website
Branch of 2018-8- 2018-12 Structured deposit products, the structured
Bank income 48,000 raise annual 4.35% 755.11 - - N/A Y applicab (www.cninfo.com.cn)
China Bohai 9 -19 derivatives link up with 3M Libor
type funds yield le (No.: 2018-046)
Bank
Takes the money collect by structured deposit
Anhui
sales as notional principal, and conducted
Branch of Floating Idle 4.40% Not Juchao Website
2018-9- 2018-12 investment income and financial derivatives
Bank of Bank income 26,000 raise annual 4.40% 278.95 - - N/A Y applicab (www.cninfo.com.cn)
28 -26 with the benchmark comparison value of
Communicat type funds yield le (No.: 2018-053)
3Mshibor linked with the counter party by
ion Co., Ltd.
using the cost of above mentioned principal
Total 360,000 -- -- -- -- -- -- 12,815.79 5,358.89 -- -- -- --
Note 1: According to the Trust Contract of Sichuan Trust- Yuanxiang No.15 Capital Trust (Contract No.: SCXT2017（DXD）No.253-1), the period distribution of trust
interest refers to the 20th of every natural quarter end (that is 20 March, 20 June, 20 September and 20 December) and termination date of the each trust (or early
termination date). Ended as the reporting period, the trust contract still in process and actual gain/loss in the period amounted as 26,925,600 Yuan.
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VII. Particulars about derivatives investment
√ Applicable □Not applicable
17
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
In 10 thousand Yuan
Ratio of
Amount of investment
Relate Whether Amount
Investment Amount sold reserve for Investment amount at Actual
d related purchased during
Operator Type Initial investment Start date End date amount at during the devaluation of amount at period-end in net gains/losses in
relatio trade or the reporting
period-begin reporting period withdrawing period-end assets of the period
nship not period
(if applicable) Company at
period-end
Forward
Financial foreign
N/A No 367,218.32 2017-6-14 2019-5-27 210,705.91 364,483.67 455,013.56 N/A 122,020.51 23.58% -1,844.48
institutions exchange
contract
Total 367,218.32 -- -- 210,705.91 364,483.67 455,013.56 N/A 122,020.51 23.58% -1,844.48
Capital resource Self-owned capital
Lawsuits (if applicable) Not applicable
Disclosure date for approval from the Board
2018-3-30
for investment of derivatives (if applicable)
Disclosure date for approval from board of
shareholders for investment of derivatives (if 2018-5-11
applicable)
1. Market risk: the changes in domestic and foreign economic situation may create a major volatility in exchange rate, future exchange business under certain market risks.
Venture analysis and explanation on control Forward exchange transaction business of the Company aims at lock-up the price in sale and purchase of foreign exchange, and lowers the impact on profit from exchange
measures for derivatives holding in Period fluctuations. The Company will closely following the changes in exchange rate, based on the target rate fix by business, with the research and judgment in aspect of the trend in
(including but not limited to market risk, foreign exchange rate, determine the signature planning of agreement for forward exchange transaction combine with prediction on receipt and payment as well as the tolerance
liquidity risk, credit risks, operational risk capacity of changing price arising from rate fluctuation; implement dynamic management on the business to guarantee a reasonable profit standards for the Company.
and legal risk etc.) 2. Liquidity risk: all of the foreign exchange funds trading are depend on reasonably estimated of the import-export business in future, satisfy the requirement of trading truth. In
addition, forward exchange transaction operates in way of bank credit; there is no impact on the fund liquidity of the Company.
18
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
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 the five major state-owned banks, joint –stock Chinese funded banks as Everbright and Industrial Bank, as well
as the foreign funded banks as UOB, Overseas Chinese Bank and Bank of East Asia 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: the money trading in forward exchange might causes relevant risks due to the incorrect operations by handling personnel, relevant management mechanism has
formulated by the Company, well-defined the operation procedure and duty officer in favor of preventing risk and risk control.
5. Legal risk: legal disputes may arise from the un-clear trading agreement signed between the Company and banks in aspect of money trading in forward exchange. The Company
strengthens the review on relevant contracts in way of law, and chooses banks for cooperation with good credit status in order to control the risk.
Particular about the changes of market price
In accordance with the Article 7 “Recognition of Fair Value” of “The Accounting Standards for Enterprises No. 22—Recognition and Measurement of Financial Instruments”, the
or product’s fair value of invested
Company determined and measure the fair value basically in line with the price provided or obtained from pricing services such as banks. As for the calculation of fair value for
derivatives in Period; as for analysis of the
derivatives, it mainly refers to the un-matured contract of forward exchange facilities that signed with the banks in reporting period, and recognized as transactional financial assets
fair value of derivatives, disclosed specific
or liabilities based on the difference of forward exchange facilities’ contract quotation at period-end and forward rate. In the reporting period, the gains/losses of forward foreign
treatment methods and relevant hypothesis
exchange contract amounting to -18,444,800 Yuan.
and parameter setting
Explanation on major changes on specific
principle of accounting policy and
Not applicable
accounting calculation for derivatives in
Period, by comparing with last period
Upon inspection, the independent directors of the Company believes that: 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
Specific opinions from independent directs within the authorization scope under general meeting and board meeting. The Company conducts no foreign exchange transactions on the purpose of getting profit only, all of the
on derivative investment and risk controlling 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 the Company and entire shareholders, especially minority shareholders, were not prejudiced.
19
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
VIII. Registration form for receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Time Way Type Basic situation index of investigation
2018-7-12 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
2018-8-24 Field research Institute http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do?stockcode=000521
IX. 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 and its related party.
20
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Changhong Meiling Co., Ltd.
2018-9-30
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 3,837,940,747.78 5,283,081,788.04
Settlement provisions
Capital lent
Financial assets measured by fair
value and with variation reckoned into 14,154,468.75 15,646,731.48
current gains/losses
Derivative financial assets
Notes receivable and accounts
4,152,388,487.39 3,855,064,993.38
receivable
Including: Notes receivable 2,384,095,761.68 2,074,648,484.36
Accounts receivable 1,768,292,725.71 1,780,416,509.02
Accounts paid in advance 163,443,933.39 200,106,216.59
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other receivables 64,913,502.64 69,051,262.91
Purchase restituted finance asset
Inventories 2,836,763,160.77 2,918,100,650.27
Assets held for sale
Non-current asset due within one year 44,497,902.00
Other current assets 1,837,209,783.15 801,894,930.97
Total current assets 12,906,814,083.87 13,187,444,475.64
Non-current assets:
Loans and payments on behalf
21
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Finance asset available for sales 31,000,000.00 31,000,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 76,769,367.03 90,534,671.92
Investment property 31,629,942.93 9,569,711.72
Fixed assets 1,576,566,870.71 1,515,302,743.61
Construction in progress 462,037,342.13 174,857,717.15
Productive biological asset
Oil and gas asset
Intangible assets 762,387,357.40 772,853,622.41
Expense on Research and
157,969,470.24 85,624,078.79
Development
Goodwill
Long-term expenses to be apportioned 1,384,926.83 3,635,861.94
Deferred income tax asset 88,725,338.12 90,689,083.63
Other non-current asset
Total non-current asset 3,188,470,615.39 2,774,067,491.17
Total assets 16,095,284,699.26 15,961,511,966.81
Current liabilities:
Short-term loans 1,785,173,383.68 1,631,206,000.00
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into 40,375,510.12 16,034,000.00
current gains/losses
Derivative financial liability
Notes payable and accounts payable 7,001,127,457.82 6,876,651,907.18
Accounts received in advance 433,526,644.44 438,386,810.72
Selling financial asset of repurchase
Commission charge and commission
payable
Wage payable 137,590,294.80 184,819,166.86
Taxes payable 39,801,144.51 61,292,671.72
Other accounts payable 760,952,525.54 843,617,509.48
Reinsurance payables
22
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Insurance contract reserve
Security trading of agency
Security sales of agency
Liability held for sale
Non-current liabilities due within 1
264,351,242.37 46,454,376.68
year
Other current liabilities
Total current liabilities 10,462,898,203.28 10,098,462,442.64
Non-current liabilities:
Long-term loans 2,520,000.00 253,160,000.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable 11,978,008.79 12,483,687.53
Long-term wages payable 20,856,762.22 24,645,421.94
Projected liabilities 310,110,556.19 313,013,878.20
Deferred income 110,845,027.47 102,569,955.39
Deferred income tax liabilities 709,021.19
Other non-current liabilities
Total non-current liabilities 457,019,375.86 705,872,943.06
Total liabilities 10,919,917,579.14 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 2,684,388,223.63 2,684,806,344.07
Less: Inventory shares
Other comprehensive income -12,472,818.64 -7,262,322.02
Reasonable reserve
Surplus public reserve 391,029,420.33 391,029,420.33
Provision of general risk
Retained profit 940,857,405.19 937,894,771.93
Total owner’s equity attributable to parent
5,048,400,111.51 5,051,066,095.31
company
Minority interests 126,967,008.61 106,110,485.80
23
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Total owner’s equity 5,175,367,120.12 5,157,176,581.11
Total liabilities and owner’s equity 16,095,284,699.26 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 Balance at period-end Balance at period-begin
Current assets:
Monetary funds 2,142,607,494.52 3,411,454,144.54
Financial assets measured by fair value
and with variation reckoned into current 14,154,468.75 14,077,531.48
gains/losses
Derivative financial assets
Notes receivable and accounts
3,093,613,247.17 3,121,486,894.18
receivable
Including: Notes receivable 1,822,260,518.48 1,748,615,925.92
Accounts receivable 1,271,352,728.69 1,372,870,968.26
Account paid in advance 92,626,681.98 162,232,742.46
Other receivables 31,879,087.11 39,849,732.36
Inventories 1,132,901,950.37 1,028,423,929.21
Assets held for sale
Non-current assets maturing within one
year
Other current assets 1,747,907,655.55 615,877,268.44
Total current assets 8,255,690,585.45 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 1,739,487,817.92 1,705,007,815.84
Investment property 7,704,109.89 7,960,789.08
Fixed assets 1,009,743,689.92 976,732,228.85
Construction in progress 143,232,492.99 67,205,463.02
Productive biological assets
24
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Oil and natural gas assets
Intangible assets 458,809,821.09 457,534,626.06
Research and development costs 54,063,557.20 23,782,085.92
Goodwill
Long-term deferred expenses
Deferred income tax assets 68,362,663.77 76,015,591.58
Other non-current assets
Total non-current assets 3,512,404,152.78 3,345,238,600.35
Total assets 11,768,094,738.23 11,738,640,843.02
Current liabilities:
Short-term borrowings 1,296,011,880.00 1,186,026,000.00
Financial liability measured by fair
value and with variation reckoned into 30,798,850.00 16,034,000.00
current gains/losses
Derivative financial liability
Notes payable and accounts payable 3,873,402,583.59 3,675,862,014.96
Accounts received in advance 152,030,279.34 53,558,493.11
Wage payable 12,708,793.79 33,060,896.41
Taxes payable 13,619,140.12 16,641,410.98
Other accounts payable 606,396,291.51 1,020,147,696.15
Liability held for sale
Non-current liabilities due within 1
257,715,254.56 7,715,255.20
year
Other current liabilities
Total current liabilities 6,242,683,072.91 6,009,045,766.81
Non-current liabilities:
Long-term loans 2,520,000.00 253,160,000.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 20,856,762.22 24,645,421.94
Projected liabilities 310,110,556.19 313,013,878.20
Deferred income 51,120,544.21 56,906,985.04
Deferred income tax liabilities
25
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Other non-current liabilities
Total non-current liabilities 384,607,862.62 647,726,285.18
Total liabilities 6,627,290,935.53 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 952,377,659.95 893,442,648.28
Total owner’s equity 5,140,803,802.70 5,081,868,791.03
Total liabilities and owner’s equity 11,768,094,738.23 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 (the period)
In RMB
Item Current Period Last Period
I. Total operating income 3,977,110,177.70 4,661,344,340.71
Including: Operating income 3,977,110,177.70 4,661,344,340.71
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 3,969,373,096.33 4,641,920,759.94
Including: Operating cost 3,205,017,999.93 3,852,369,112.25
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract
26
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 37,835,191.90 48,770,715.24
Sales expenses 597,903,240.88 632,230,730.76
Administration expenses 79,313,240.36 73,064,358.31
R&D expenses 59,501,838.51 56,726,996.66
Financial expenses -19,747,203.12 -6,349,963.54
Including: Interest expenses 18,102,768.23 23,505,702.81
Interest income 24,754,881.52 29,047,137.71
Losses of devaluation of asset 9,548,787.87 -14,891,189.74
Add: other income 19,485,556.40 15,762,320.30
Investment income (Loss is listed with “-”) 5,976,620.29 16,082,387.37
Including: Investment income on affiliated
3,618,239.73 5,461,346.63
company and joint venture
Changing income of fair value(Loss is
-7,042,861.74 -5,116,597.88
listed with “-”)
Exchange income (Loss is listed with “-”)
Income from assets disposal (Loss is listed
192,920.94 -2,874,528.59
with “-”)
III. Operating profit (Loss is listed with “-”) 26,349,317.26 43,277,161.97
Add: Non-operating income 1,361,065.01 1,628,635.38
Less: Non-operating expense 19,458.62 243,239.78
IV. Total Profit (Loss is listed with “-”) 27,690,923.65 44,662,557.57
Less: Income tax expense 14,864,849.63 14,916,499.34
V. Net profit (Net loss is listed with “-”) 12,826,074.02 29,746,058.23
(i) net profit from continuous operation
12,826,074.02 29,746,058.23
(Net loss is listed with “-”)
(ii) net profit from discontinued operation
(Net loss is listed with “-”)
Net profit attributable to owner’s of parent company 14,954,274.39 28,147,276.19
Minority shareholders’ gains and losses -2,128,200.37 1,598,782.04
VI. Net after-tax of other comprehensive income 2,472,400.15 -3,141,017.15
Net after-tax of other comprehensive income
1,782,853.09 -2,412,157.86
attributable to owners of parent company
(I) Other comprehensive income items which will
27
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
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
1,782,853.09 -2,412,157.86
be 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
1,782,853.09 -2,412,157.86
translation of foreign currency financial statements
6. Other
Net after-tax of other comprehensive income
689,547.06 -728,859.29
attributable to minority shareholders
VII. Total comprehensive income 15,298,474.17 26,605,041.08
Total comprehensive income attributable to owners
16,737,127.48 25,735,118.33
of parent Company
Total comprehensive income attributable to
-1,438,653.31 869,922.75
minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0143 0.0269
(ii) Diluted earnings per share 0.0143 0.0269
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before
combination while 0 Yuan achieved last period
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
28
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Person in charge of accounting institute: Luo Bo
4. Profit Statement of Parent Company (the period)
In RMB
Item Current Period Last Period
I. Operating income 2,490,700,722.60 2,048,257,729.20
Less: Operating cost 2,148,535,254.62 1,803,309,297.32
Operating tax and extras 14,469,596.73 19,826,226.92
Sales expenses 201,139,184.30 162,337,651.60
Administration expenses 36,055,056.31 17,994,900.29
R&D expenses 23,407,166.72 21,296,419.51
Financial expenses -3,565,651.74 760,172.92
Including: Interest expenses 13,724,471.67 15,235,361.95
Interest income 16,389,944.68 13,468,870.08
Losses of devaluation of asset 10,616,799.13 -4,641,531.19
Add: other income 13,689,025.64 6,824,261.13
Investment income (Loss is listed with “-”) 19,003,123.97 10,591,073.95
Including: Investment income on affiliated
1,686,779.58 435,788.04
company and joint venture
Changing income of fair value(Loss is
-11,287,554.36 -5,116,597.88
listed with “-”)
Income from assets disposal (Loss is listed
-3,617.48 -4,823.30
with “-”)
II. Operating profit (Loss is listed with “-”) 81,444,294.30 39,668,505.73
Add: Non-operating income 128,162.00 107,240.00
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) 81,572,456.30 39,775,745.73
Less: Income tax expense 10,250,540.26 5,951,952.15
IV. Net profit (Net loss is listed with “-”) 71,321,916.04 33,823,793.58
(i) net profit from continuous operation
71,321,916.04 33,823,793.58
(Net loss is listed with “-”)
(ii) net profit from discontinued operation
(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
29
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
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
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 71,321,916.04 33,823,793.58
VII. Earnings per share:
(i) Basic earnings per share 0.0683 0.0324
(ii) Diluted earnings per share 0.0683 0.0324
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Total operating income 13,248,619,747.37 13,179,138,533.81
Including: Operating income 13,248,619,747.37 13,179,138,533.81
Interest income
30
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Insurance gained
Commission charge and commission income
II. Total operating cost 13,229,567,796.49 13,078,726,742.99
Including: Operating cost 10,963,171,561.02 10,848,595,161.10
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 102,882,052.60 114,606,735.55
Sales expenses 1,787,644,342.20 1,772,402,762.84
Administration expenses 228,370,924.33 219,481,614.49
R&D expenses 152,219,238.87 132,842,832.22
Financial expenses -33,207,231.05 -39,804,446.21
Including: Interest expenses 70,110,789.68 36,279,701.71
Interest income 88,992,292.78 103,136,388.21
Losses of devaluation of asset 28,486,908.52 30,602,083.00
Add: other income 68,046,614.02 39,577,285.34
Investment income (Loss is listed with “-”) 20,726,039.38 39,675,737.03
Including: Investment income on affiliated
-12,056,138.08 2,235,018.46
company and joint venture
Changing income of fair value(Loss is
-25,833,772.85 -15,475,683.18
listed with “-”)
Exchange income (Loss is listed with “-”)
Income from assets disposal (Loss is listed
3,476,687.51 -13,972,627.26
with “-”)
III. Operating profit (Loss is listed with “-”) 85,467,518.94 150,216,502.75
Add: Non-operating income 5,443,167.59 2,318,979.32
Less: Non-operating expense 60,249.87 338,665.25
IV. Total Profit (Loss is listed with “-”) 90,850,436.66 152,196,816.82
Less: Income tax expense 25,015,797.92 24,356,057.20
V. Net profit (Net loss is listed with “-”) 65,834,638.74 127,840,759.62
31
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
(i) net profit from continuous operation
65,834,638.74 127,840,759.62
(Net loss is listed with “-”)
(ii) net profit from discontinued operation
(Net loss is listed with “-”)
Net profit attributable to owner’s of parent company 65,638,506.12 120,222,315.96
Minority shareholders’ gains and losses 196,132.62 7,618,443.66
VI. Net after-tax of other comprehensive income -6,466,960.36 -6,493,532.56
Net after-tax of other comprehensive income
-5,210,496.62 -4,948,237.48
attributable 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
-5,210,496.62 -4,948,237.48
be 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
-5,210,496.62 -4,948,237.48
translation of foreign currency financial statements
6. Other
Net after-tax of other comprehensive income
-1,256,463.74 -1,545,295.08
attributable to minority shareholders
VII. Total comprehensive income 59,367,678.38 121,347,227.06
Total comprehensive income attributable to owners
60,428,009.50 115,274,078.48
of parent Company
Total comprehensive income attributable to -1,060,331.12 6,073,148.58
32
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0628 0.1151
(ii) Diluted earnings per share 0.0628 0.1151
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 6,883,945,824.65 6,177,866,081.70
Less: Operating cost 6,102,437,941.57 5,578,678,753.58
Operating tax and extras 44,193,309.99 47,548,756.62
Sales expenses 501,143,891.03 393,775,870.67
Administration expenses 94,252,573.07 87,148,223.77
R&D expenses 69,052,600.75 61,208,312.26
Financial expenses 9,606,238.12 -36,446,166.41
Including: Interest expenses 55,250,636.77 26,228,601.37
Interest income 57,329,240.66 73,461,576.16
Losses of devaluation of asset 14,834,202.44 215,030.18
Add: other income 49,742,843.47 13,980,955.30
Investment income (Loss is listed with “-”) 42,953,713.52 40,321,157.90
Including: Investment income on affiliated
3,776,002.08 3,541,251.70
company and joint venture
Changing income of fair value(Loss is
-14,687,912.73 -16,043,732.76
listed with “-”)
Income from assets disposal (Loss is listed
-880,921.32 -1,448,384.55
with “-”)
II. Operating profit (Loss is listed with “-”) 125,552,790.62 82,547,296.92
Add: Non-operating income 3,874,754.46 369,264.81
Less: Non-operating expense 4,340.60
III. Total Profit (Loss is listed with “-”) 129,427,545.08 82,912,221.13
33
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Less: Income tax expense 7,816,660.55 9,949,458.52
IV. Net profit (Net loss is listed with “-”) 121,610,884.53 72,962,762.61
(i) net profit from continuous operation
121,610,884.53 72,962,762.61
(Net loss is listed with “-”)
(ii) net profit from discontinued operation
(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
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 121,610,884.53 72,962,762.61
VII. Earnings per share:
(i) Basic earnings per share 0.1164 0.0698
(ii) Diluted earnings per share 0.1164 0.0698
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
34
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Person in charge of accounting institute: Luo Bo
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and
12,294,447,275.35 10,688,634,329.82
providing labor 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
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received 455,080,647.00 332,183,490.22
Other cash received concerning operating activities 234,806,474.37 41,763,321.49
Subtotal of cash inflow arising from operating activities 12,984,334,396.72 11,062,581,141.53
Cash paid for purchasing commodities and
10,544,503,046.16 9,088,798,341.30
receiving labor 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 1,233,337,030.56 1,060,957,793.60
35
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Taxes paid 297,025,746.90 417,607,656.54
Other cash paid concerning operating activities 668,241,202.55 626,015,434.18
Subtotal of cash outflow arising from operating
12,743,107,026.17 11,193,379,225.62
activities
Net cash flows arising from operating activities 241,227,370.55 -130,798,084.09
II. Cash flows arising from investing activities:
Cash received from recovering investment 1,900,000,000.00 2,957,000,000.00
Cash received from investment income 39,313,892.16 47,477,575.32
Net cash received from disposal of fixed,
17,944,967.00 2,531,948.87
intangible and other long-term assets
Net cash received from disposal of subsidiaries
and other units
Other cash received concerning investing activities 95,944,328.41 73,811,624.63
Subtotal of cash inflow from investing activities 2,053,203,187.57 3,080,821,148.82
Cash paid for purchasing fixed, intangible and
436,847,276.96 343,043,647.04
other long-term assets
Cash paid for investment 3,020,000,001.00 3,581,652,412.20
Net increase of mortgaged loans
Net cash received from subsidiaries and other units
obtained
Other cash paid concerning investing activities 255,500.00 10,574,661.31
Subtotal of cash outflow from investing activities 3,457,102,777.96 3,935,270,720.55
Net cash flows arising from investing activities -1,403,899,590.39 -854,449,571.73
III. Cash flows arising from financing activities
Cash received from absorbing investment 24,865,000.00 23,068,316.00
Including: Cash received from absorbing minority
24,865,000.00 23,068,316.00
shareholders’ investment by subsidiaries
Cash received from loans 2,021,566,261.86 2,371,636,546.03
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 2,046,431,261.86 2,394,704,862.03
Cash paid for settling debts 2,133,854,035.14 1,096,840,299.04
Cash paid for dividend and profit distributing or
109,269,826.49 67,101,769.40
interest paying
Including: Dividend and profit of minority
shareholder paid by subsidiaries
36
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
Other cash paid concerning financing activities 2,050,458.19 151,611.24
Subtotal of cash outflow from financing activities 2,245,174,319.82 1,164,093,679.68
Net cash flows arising from financing activities -198,743,057.96 1,230,611,182.35
IV. Influence on cash and cash equivalents due to
3,791,101.79 -18,706,015.36
fluctuation in exchange rate
V. Net increase of cash and cash equivalents -1,357,624,176.01 226,657,511.17
Add: Balance of cash and cash equivalents at the
5,089,765,770.39 3,986,098,419.76
period -begin
VI. Balance of cash and cash equivalents at the period
3,732,141,594.38 4,212,755,930.93
-end
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and
5,886,537,353.55 4,210,014,747.91
providing labor services
Write-back of tax received 214,262,771.43 167,344,442.26
Other cash received concerning operating
51,985,080.37 18,738,823.22
activities
Subtotal of cash inflow arising from operating
6,152,785,205.35 4,396,098,013.39
activities
Cash paid for purchasing commodities and
5,200,208,904.42 5,205,491,001.62
receiving labor service
Cash paid to/for staff and workers 382,116,598.39 416,120,059.29
Taxes paid 59,998,461.89 68,213,970.16
Other cash paid concerning operating activities 280,528,778.03 174,378,876.86
Subtotal of cash outflow arising from operating
5,922,852,742.73 5,864,203,907.93
activities
Net cash flows arising from operating activities 229,932,462.62 -1,468,105,894.54
II. Cash flows arising from investing activities:
Cash received from recovering investment 1,860,000,000.00 2,880,000,000.00
Cash received from investment income 41,935,522.31 46,802,594.32
Net cash received from disposal of fixed, 220,903.00 567,847.40
37
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
intangible and other long-term assets
Net cash received from disposal of subsidiaries
and other units
Other cash received concerning investing
89,093,823.56 58,985,857.24
activities
Subtotal of cash inflow from investing activities 1,991,250,248.87 2,986,356,298.96
Cash paid for purchasing fixed, intangible and
144,003,295.22 241,876,285.81
other long-term assets
Cash paid for investment 3,030,704,000.00 2,995,180,391.20
Net cash received from subsidiaries and other
units
Other cash paid concerning investing activities 30,000,000.00 10,574,661.31
Subtotal of cash outflow from investing activities 3,204,707,295.22 3,247,631,338.32
Net cash flows arising from investing activities -1,213,457,046.35 -261,275,039.36
III. Cash flows arising from financing activities
Cash received from absorbing investment
Cash received from loans 1,549,720,995.00 2,022,551,446.03
Cash received from issuing bonds
Other cash received concerning financing
7,594,599.50 305,264,361.17
activities
Subtotal of cash inflow from financing activities 1,557,315,594.50 2,327,815,807.20
Cash paid for settling debts 1,468,595,600.00 1,023,790,749.04
Cash paid for dividend and profit distributing
99,520,906.42 65,697,535.58
or interest paying
Other cash paid concerning financing activities 279,276,931.43 27,237,860.58
Subtotal of cash outflow from financing activities 1,847,393,437.85 1,116,726,145.20
Net cash flows arising from financing activities -290,077,843.35 1,211,089,662.00
IV. Influence on cash and cash equivalents due to
6,180,497.06 -11,923,958.43
fluctuation in exchange rate
V. Net increase of cash and cash equivalents -1,267,421,930.02 -530,215,230.33
Add: Balance of cash and cash equivalents at
3,410,029,424.54 3,067,671,385.08
the period -begin
VI. Balance of cash and cash equivalents at the
2,142,607,494.52 2,537,456,154.75
period -end
Legal Representative: Li Wei
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Luo Bo
38
CHANGHONG MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2018(Full Text)
II. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.
Changhong Meiling Co., Ltd.
Chairman: Li Wei
18 October 2018
39
