Report for Third Quarter of 2022
Stock Code: 600057 Abbreviation of Stock: Xiamen Xiangyu
Xiamen Xiangyu Co., Ltd.
Report for Third Quarter of 2022
The Board of Directors and all Directors of the Company shall guarantee that there is no
false recordation, misleading statement, or material omission in contents of this
Announcement, and shall assume the legal liability for authenticity, accuracy and
completeness of such contents.
Notes to Important Items:
The Board of directors, the Board of Supervisors, as well as Directors, Supervisors and Senior
Management of the Company shall guarantee the authenticity, accuracy, and completeness of
the contents of the Quarterly Report without any false recordation, misleading statement, or
material omission, and shall assume the joint and several legal liabilities.
The person in charge of the Company, the person in charge of financial affairs, and the leading
member of the accounting body (The person in charge of accounting) shall guarantee the
authenticity, accuracy and completeness of the financial information in the Quarterly Report.
Whether the financial statements for the third quarter are audited or not
□ Yes √ No
I. Key financial data
In the first three quarters of 2022, the Company achieves the operating income in the amount of
RMB 391.8 billion, up 13.74% YoY; achieves the net profit attributable to the shareholders of the
parent company in the amount of RMB 2.17 billion, up 31.23% YoY; achieves the return on equity
of 15.26%, up 1.91 percentage points YoY; achieves the sales gross margin of 2.28%, up 0.02
percentage points YoY; achieves the net profit margin of 0.78%, up 0.16 percentage points YoY.
The Company’s operating income and net profit attributable to the shareholders of the parent
company both hit a record high in this period, and the Company continues to improve the
operation efficiency.
During the reporting period, due to the repeated outbreak of COVID-19 epidemic, the intensity
of geopolitical situation, and the fluctuation in commodity price, higher requirements are made
for the ability of the bulk supply chain enterprises to operate, manage, and control risks. In the
face of multiple challenges, the Company maintains strategic focus, continues to optimize
customer structure, enrich commodity portfolio, consolidate logistics support, improve risk
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Report for Third Quarter of 2022
control system, and effectively cope with industrial cycle fluctuations and external risks. On this
basis, the Company seizes opportunities to expand market share, tap potential business
opportunities, and ensure the stability of the overall operation.
In terms of customer structure, in combination with its own strategic positioning and
characteristics of business model, the Company takes the large and medium-sized
manufacturing enterprises as its main target customer group with the service volume for them
accounting for more than 50%. Among them, the service volume for the manufacturing
enterprises of the ferrous metal supply chain accounts for more than 60%, that for the
manufacturing enterprises of the stainless steel supply chain accounts for more than 70%, that
for the manufacturing enterprises of the new energy supply chain accounts for more than 90%.
With the low risk of default, the manufacturing enterprises’ needs of diversified and stable supply
chain services lay a solid foundation for stable growth of the Company.
In terms of commodity portfolio, the Company achieves the bulk commodity business segment
in the cargo volume of 141 million tons, remaining a stable status YoY; achieves the operating
income in the amount of RMB 378.6 billion, up 12.99% YoY; achieves the gross profit in the
amount of RMB 7.18 billion, up 6.11% YoY. The Company adheres to the philosophy of “whole-
industry service”, expands high value-added products, and achieves the significant growth in
operating performance of aluminum supply chain, new energy supply chain, and soybean supply
chain, among which the operating income from new energy supply chain reaches RMB 14.7
billion, up 151% YoY; achieves the gross profit of RMB 385 million, up 245% YoY.
In terms of logistics support, the Company achieves the operating income from bulk commodity
logistics segment in the amount of RMB 5.82 billion, up 7.71% YoY; achieves the gross profit in
the amount of RMB 754 million, up 20.22% YoY. In reliance on the networked logistics service
system covering the whole country and connecting to overseas, the Company provides
customers with multimodal transportation solutions, achieving the substantial growth in freight
volume of bulk cargo in the Yangtze River Basin and the domestic coastal areas, and in the
freight volume of “China-Vietnam, China-Thailand” routes. The Company achieves the operating
income from comprehensive logistics in the amount of RMB 4.76 billion, up 14.06% YoY; and
the gross profit in the amount of RMB 450 million, up 27.61% YoY.
In terms of risk management and control, after the transformation from “traditional trader” to
“supply chain service provider”, the risk exposure of the Company is largely reduced and the risk
becomes more controllable. On this basis, by increasing the proportion of manufacturing
enterprises (from the perspective of customers), optimizing the product portfolio (from the
perspective of commodities), upgrading the business model (from the perspective of models),
and improving the risk control system (from the perspective of management and control), the
Company forms a combination of measures to manage and control risks effectively, and ensure
the stability of operation.
Looking to the future, the Company will anchor the strategic vision of “become the leading
enterprise in the bulk supply chain industry and a world-class supply chain service enterprise”,
and continue to optimize the customer structure and product portfolio mix, improve risk control
system, deepen the business model with the focus on the “whole industry chain service” and the
profitability model with the focus on the “service income”, improve the level of comprehensive
income, and strive to over-fulfil the annual operation objective for 2022.
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Report for Third Quarter of 2022
(1) Key accounting data and financial indicators
Unit: million Yuan Currency: RMB
From beginning
Changes on
Current of the year to end Changes on a YoY
Item a YoY basis
reporting period of the reporting basis (%)
(%)
period
Operating income 137,607.92 8.49 391,758.58 13.74
Net profit attributable to
shareholders of the 807.04 55.51 2,173.45 31.23
listed company
Net profit attributable to
shareholders of the
listed company after 990.43 67.90 2,495.82 41.77
deducting the non-
recurring profit and loss
Net cash flow from Not
Not applicable -3,711.88 Not applicable
operating activities applicable
Basic earnings per share
0.36 62.21 0.96 35.21
(Yuan/share)
Diluted earnings per
0.34 55.06 0.93 30.99
share (Yuan/share)
Increase by
Weighted average return 1.54 Increase by 1.91
5.67 15.26
on equity (%) percentage percentage points
points
Increase/decrease
rate at the end of the
At the end of
At the end of last year reporting period
reporting period
compared to the end
of last year (%)
Total assets 123,354.80 95,834.22 28.72
Owner’s equity
attributable to the
17,694.68 17,214.26 2.79
shareholders of the
listed company
Note: The “Current Reporting Period” means the period of three months from the beginning of
the current quarter to the end of the current quarter; the same as below.
Remark:
In the above statement, the net profit attributable to the shareholders of the listed company in
the current reporting period includes the after-tax interest attributable to the holders of the
perpetual bonds in the reporting period in the amount of RMB 105 million; after deducting such
interest, the amount of the net profit attributable to the shareholders of the listed company in the
current reporting period is RMB 2.07 billion. When calculating the basic earnings per share, the
diluted earnings per share, the weighted average net return on equity, and other key financial
indicators, the perpetual bonds and the interests accrued thereon are deducted.
(2) Non-recurring profit and loss items and amounts thereof
Unit: Yuan Currency: RMB
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Report for Third Quarter of 2022
Amount from beginning
Amount in current
Item of the year to the end of Remark
reporting period
the reporting period
Gain or loss on
disposal of non- 20,290,868.36 27,508,476.14
current assets
The government
subsidies (except for
those closely related Including the amount of
to the Company’s government subsidies received
normal business in previous years and
operations, in line apportioned in the current
252,871,489.99 349,426,340.21
with national policies, period. The amount of
and continuously government subsidies received
available at certain in the current period is RMB 336
standard quota or million Yuan.
ration) included in the
current profit and loss
The fund possession
cost charged to the
non-financial
4,392,338.44 13,978,006.09
enterprise and
included in the
current profit and loss
Except for the
effective hedging
business related to
the Company’s
normal business
operations, the
changes in fair value
recognized in profit or Mainly including the changes in
loss derived from fair value recognized in profit or
holding trading loss and the gains and losses on
financial assets, disposal arising from the
derivative financial hedging against the fluctuation
assets, trading in commodity price and
financial liabilities, exchange rate by the Company
-425,501,838.47 -794,307,689.54
and derivative with futures instrument and
financial liabilities, as foreign exchange contract in
well as the income order to support the spot
from investment operation of the main business,
obtained from which are closely related to the
disposal of trading operating profit and loss of the
financial assets, main business.
derivative financial
assets, trading
financial liabilities,
derivative financial
liabilities, and other
investments on
bonds
Reversal of the
impairment provision 4,399,611.04 12,903,794.14
for receivables and
4 / 16
Report for Third Quarter of 2022
contractual assets for
which the impairment
tests are carried out
separately
Other non-operating
incomes and
-20,388,108.62 89,385,507.94
expenses than those
above mentioned
Other profit and loss
items in line with the
definition of the non- 1,346,875.37 3,934,440.72
recurring profit and
loss
Less: Amount of
income tax 65,467,522.03 71,159,716.04
consequence
Amount of minority
equity consequence -44,660,874.78 -45,965,452.58
(after tax)
Total -183,395,411.14 -322,365,387.76
Note to the fact that the non-recurring profit and loss items as set forth in the “Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public – Non-Recurring Profit and Loss” as the non-recurring profit and loss items.
□ Applicable √ Not Applicable
(3) The circumstances and causes for occurrence of changes in the key accounting data and
financial indicators
√Applicable□ Not Applicable
Proportion of change
Name of item Main cause
(%)
Net profit attributable to
The main cause is that in the current period, the
shareholders of the 31.23
Company has always been anchoring the core
listed company
demands of the customers, optimizing the
Net profit attributable to
commodity and business structure, seizing the
shareholders of the
opportunity for market expansion, and improving its
listed company after 41.77
own supply chain service ability, so as to increase
deducting the non-
its profitability continuously.
recurring profit and loss
The main cause is that in the current period, the
cash received from goods sold from the supply
Net cash flow from
Not applicable chain business was accelerated, and the amount of
operating activities
withdrawal of the payment for goods was
increased.
Basic earnings per
35.21 The main cause is that the net profit attributable to
share (Yuan/share)
the shareholders of the listed company was
Diluted earnings per
30.99 increased.
share (Yuan/share)
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Report for Third Quarter of 2022
II. Information on shareholders
(1) The total number of common shareholders, the number of preferred shareholders whose
voting rights are restored, and the shares held by top ten shareholder
Unit: Shares
Total number of Total number of preferred
shareholders at the shareholders whose voting rights are
38,809 0
end of the reporting restored at the end of the reporting
period period (if any)
Shares holding by top 10 shareholders
Pledge, Marking, or
Proportion Number of
Freezing
Name of Nature of Number of of Restricted
Shareholder Shareholder Shares Held Shareholdin Shares
Status of
g (%) Held Quantity
Share
Xiamen Xiangyu State-owned
1,122,603,723 49.80 0 No 0
Group Corporation legal person.
National Social
Security Fund Others 60,000,004 2.66 0 No 0
Portfolio 503
Xiamen CCRE State-owned
50,226,994 2.23 0 No 0
Group Co., Ltd. legal person
China Agricultural
Reclamation
Industry Others 43,149,000 1.91 0 No 0
Development Fund
(L.P.)
National Social
Security Fund Others 37,899,943 1.68 0 No 0
Portfolio 114
Hong Kong
Overseas
Securities Clearing 33,933,388 1.51 0 No 0
legal person
Company Ltd.
Xiangyu Real Estate State-owned
30,388,100 1.35 0 No 0
Group Co., Ltd. legal person
China Universal Asset
Management Co. Ltd.
Others 16,739,139 0.74 0 No 0
– Social Security
Fund Portfolio 1103
National Social
Security Fund Others 16,148,301 0.72 0 No 0
Portfolio 401
Yinhua Fund
Management Co.,
Ltd. – Social Others 16,124,763 0.72 0 No 0
Security Fund
Portfolio 1105
Shares holding by top 10 unrestricted shareholders
Class and number of shares
Name of Number of unrestricted outstanding shares
Class of
Shareholder held Number
shares
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Report for Third Quarter of 2022
RMB
Xiamen Xiangyu
1,122,603,723 ordinary 1,122,603,723
Group Corporation
shares
National Social RMB
Security Fund 60,000,004 ordinary 60,000,004
Portfolio 503 shares
RMB
Xiamen CCRE
50,226,994 ordinary 50,226,994
Group Co., Ltd.
shares
China Agricultural
Reclamation RMB
Industry 43,149,000 ordinary 43,149,000
Development Fund shares
(L.P.)
National Social RMB
Security Fund 37,899,943 ordinary 37,899,943
Portfolio 114 shares
Hong Kong RMB
Securities Clearing 33,933,388 ordinary 33,933,388
Company Ltd. shares
RMB
Xiangyu Real Estate
30,388,100 ordinary 30,388,100
Group Co., Ltd.
shares
China Universal Asset
RMB
Management Co. Ltd.
16,739,139 ordinary 16,739,139
– Social Security Fund
shares
Portfolio 1103
National Social RMB
Security Fund 16,148,301 ordinary 16,148,301
Portfolio 401 shares
Yinhua Fund
Management Co., RMB
Ltd. – Social 16,124,763 ordinary 16,124,763
Security Fund shares
Portfolio 1105
Xiangyu Real Estate Group Co., Ltd. is a wholly-owned subsidiary of Xiamen
Note to association
Xiangyu Group Corporation. The Company is not aware that whether there is any
or concerted action
association between the other aforesaid shareholders, or whether the other
of aforesaid
aforesaid shareholders are the person acting in concert as stipulated in the
shareholders
“Administration of the Takeover of Listed Companies Procedures”.
Notes to
participation on top
10 shareholders and
top 10 unrestricted
shareholders in Not applicable
securities margin
trading and
securities financing
business (if any)
III. Other reminders
Other important information on the Company’s operating conditions during the reporting period
that investors shall be reminded of
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Report for Third Quarter of 2022
√Applicable□ Not Applicable
Based on the deliberation and approval at the 41st meeting of the Eighth Session of the Board
of Directors of the Company, it is agreed that Xiamen Xiangyu Logistics Group Co., Ltd.
(Hereinafter referred to as “Xiangyu Logistics”), as a wholly-owned subsidiary of the Company,
shall continue to implement the market-oriented debt-for-equity swap. The Bank of
Communications Financial Assets Investment Co., Ltd., the Bank of China Financial Assets
Investment Co., Ltd., and China Orient Asset Management Co., Ltd. are introduced to increase
the capital in the total amount of RMB 2.5 billion in cash. After such capital increase, such three
shareholders will hold 6.07%, 6.07% and 3.04% of the shares in Xiangyu Logistics respectively.
The funds available from the capital increase shall be used mainly to repay the financial liabilities
falling within the consolidated statements of Xiangyu Logistics, which are mainly comprised of
the bank loans. It is agreed that Heilongjiang Xiangyu Agricultural Products Co., Ltd. (Hereinafter
referred to as “Xiangyu Agricultural Products”), as a holding subsidiary of the Company, shall
continue to implement the market-oriented debt-to-equity swap. The Agricultural Bank of China
Financial Assets Investment Co., Ltd. is introduced to increase the capital in the amount of RMB
1 billion in cash. After such capital increase, Agricultural Bank of China Financial Assets
Investment Co., Ltd. will hold 10.57% of the shares in Xiangyu Agricultural Products. The funds
available from the capital increase shall be used mainly to repay the financial liabilities falling
within the consolidated statements of Xiangyu Agricultural Products, which are mainly comprised
of the bank loans. As at the date of this Announcement, the new shareholders have made the
contributions in full, and they are going through the industrial and commercial procedures.
On July 6, 2022, the Company received the “Notice of Primary Feedback on Review of
Administrative License Program by CSRC” (No. 221427) issued by China Securities Regulatory
Commission, and made a public reply on August 3, 2022. For the feedback and reply in detail,
please refer to the “Reply on Feedback to Application Document Submitted by Xiamen Xiangyu
Co., Ltd. for Private Offering of A-Shares in 2022” disclosed by the Company on the website of
Shanghai Stock Exchange. On October 19, 2022, based on the deliberation and approval at the
43rd meeting of the Eighth Session of the Board of Directors and at the 23rd meeting of the Eighth
Session of Board of Supervisors of the Company, according to the regulatory regulations and
the prudent judgment made by the Company, the Company deducted the funds related to
financial investment in the total amount of RMB 280.24 million from the total amount of funds so
raised. Accordingly, the amount of funds so raised and the number of shares issued in this
private offering in 2022 were adjusted as follows: The total amount of fund so raised was reduced
from “RMB 3.50 billion” to “RMB 3,219.76 million”, and the amount subscribed by Xiamen
Xiangyu Group Corporation (Hereinafter referred to as “Xiangyu Group”) was reduced from
“RMB 1.50 billion” to “RMB 1,219.76 million”; whereas the implementation of the profit distribution
plan for 2021 was completed, based on the adjusted issue price of RMB 6.52 per share, the
8 / 16
Report for Third Quarter of 2022
number of issued shares was reduced from “536,809,815 shares” to “493,828,189 shares”. The
number of shares issued to Xiangyu Group was reduced from “230,061,349” shares to
“187,079,723” shares. The other contents of the original issuance plan remained unchanged.
For details, please refer to the relevant announcements disclosed by the Company on October
20 (Announcement No.2022-087, 2022-088, 2022-089, 2022-090, and 2022-091).
IV. Quarterly financial statements
(1) Type of auditor’s opinions
□ Applicable √ Not Applicable
(2) Financial statements
Consolidated Balance Sheet
As at September 30, 2022
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
Item September 30, 2022 December 31, 2021
Current assets:
Cash and cash equivalents 21,485,560,237.24 13,614,086,538.04
Deposit reservation for balance
Lending to Banks and Other Financial Institutions
Held-for-trading financial assets 2,509,684,195.31 4,750,094,750.04
Derivative financial assets 565,799,665.23 274,597,786.50
Notes receivable 272,179,504.46 105,918,368.37
Accounts receivable 20,478,399,534.40 14,395,603,332.95
Financing of receivables 479,947,189.83 189,516,446.47
Prepayments 22,922,029,380.21 16,995,820,170.44
Premiums receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 2,693,527,017.97 1,682,887,167.42
Including: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 29,857,067,583.36 22,195,313,267.99
Contract assets 662,218,543.10 631,218,355.82
Held-for-sale assets
Non-current assets due within one year 301,390,068.51
Other current assets 3,215,860,119.50 3,160,374,498.97
Total current assets 105,443,663,039.12 77,995,430,683.01
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Report for Third Quarter of 2022
Non-current assets:
Loan and advance in cash
Investment in creditor’s right
Other investments in creditor’s right
Long-term receivables 1,000,000.00 1,000,000.00
Long-term equity investment 1,538,986,319.88 1,603,180,579.36
Investment in other equity instruments
Other non-current financial assets 108,111,417.98 96,088,266.30
Investment properties 786,161,259.44 816,189,270.75
Fixed assets 9,780,574,309.80 10,087,004,698.74
Construction in progress 846,776,361.36 880,849,893.75
Productive biological assets
Oil and gas assets
Right-of-use assets 599,683,190.83 636,452,405.38
Intangible assets 2,027,300,133.02 2,044,938,560.17
Development expenditure 22,813,783.62 15,446,553.86
Goodwill 12,669,186.90 12,669,186.90
Long-term unamortized expenses 56,907,193.94 61,551,517.93
Deferred income tax assets 1,145,455,546.00 1,016,951,185.99
Other non-current assets 984,698,516.30 566,467,783.47
Total non-current assets 17,911,137,219.07 17,838,789,902.60
Total assets 123,354,800,258.19 95,834,220,585.61
Current liabilities:
Short-term borrowing 23,971,656,334.91 8,245,736,698.98
Borrowings from central bank
Loans from other banks and other financial
institutions
Trading financial liabilities
Derivative financial liabilities 1,160,664,258.48 135,979,682.51
Notes payable 18,630,915,998.33 15,159,439,515.62
Accounts payable 12,413,570,744.80 14,085,505,718.04
Account collected in advance 29,002,619.30 26,718,777.21
Contract liabilities 12,558,412,328.63 8,695,441,220.14
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable 1,444,710,761.53 1,278,652,332.02
Taxes payable 840,690,331.65 1,229,239,776.11
Other payables 3,204,219,188.53 1,321,676,272.49
Including: Interests payable
Dividends payable 145,279,845.77 82,349,935.56
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Report for Third Quarter of 2022
Handling charges and commissions payable
Accounts payable for reinsurance
Held-for-sale liabilities
Non-current liabilities due within one year 1,598,409,351.16 3,127,085,440.68
Other current liabilities 4,443,603,684.98 3,097,489,127.32
Total current liabilities 80,295,855,602.30 56,402,964,561.12
Non-current liabilities:
Provision for insurance contracts
Long-term borrowings 3,411,881,346.72 2,857,297,083.98
Bonds payable 2,997,564,107.01 2,994,838,876.06
Including: Preferred shares
Perpetual bonds
Lease liabilities 200,981,063.98 275,211,064.13
Long-term payables
Long-term payroll payable 575,874,086.22 590,414,647.65
Estimated liabilities 17,040,721.98 85,341,806.33
Deferred income 289,920,837.71 302,820,139.38
Deferred income tax liabilities 233,407,114.30 159,485,698.38
Other non-current liabilities 836,266,129.04
Total non-current liabilities 7,726,669,277.92 8,101,675,444.95
Total liabilities 88,022,524,880.22 64,504,640,006.07
Owner’s equity (or shareholders’ equity):
Paid-up capital (or capital stock) 2,254,093,987.00 2,157,454,085.00
Other equity instruments 3,300,000,000.00 4,300,000,000.00
Including: Preferred shares
Perpetual bonds 3,300,000,000.00 4,300,000,000.00
Capital reserve 6,022,146,745.17 5,555,015,054.06
Less: Treasury stock 465,765,108.41 91,735,300.75
Other comprehensive income 199,863,669.72 -122,194,349.04
Appropriative reserve 303,204.72
Surplus reserve 473,946,056.77 473,946,056.77
General risk reserve 2,690,089.11
Undistributed profits 5,910,394,913.01 4,938,778,648.61
Total owner’s equity (or shareholders’ equity)
17,694,680,263.26 17,214,257,488.48
attributable to parent company
Minority equity 17,637,595,114.71 14,115,323,091.06
Total owner’s equity (or shareholders’ equity) 35,332,275,377.97 31,329,580,579.54
Total liabilities and owner’s equity (or
123,354,800,258.19 95,834,220,585.61
shareholders’ equity)
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Qi
Weidong Leading member of accounting body: Lin Jing
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Report for Third Quarter of 2022
Consolidated Income Statement
January – September 2022
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
First Three Quarters First Three Quarters
Item (January – September) (January – September)
of 2022 2021
I. Total operating income 391,758,578,523.22 344,419,335,522.07
Including: Operating income 391,758,578,523.22 344,419,335,522.07
Interest income
Insurance premium earned
Handling charges and commissions
income
II. Total operating cost 386,646,327,930.95 340,551,965,370.57
Including: Operating cost 382,825,413,037.51 336,624,930,351.59
Interest expense
Handling charge and commissions
expense
Surrender value
Net payment of insurance claims
Net provision in insurance reserve
Policy dividend
Amortized reinsurance expenditures
Taxes and surcharges 466,293,280.56 269,749,481.08
Selling expenses 1,721,322,259.07 1,544,390,807.07
Administrative expenses 917,861,645.09 893,422,308.70
Research & development expense 25,904,658.97 48,215,153.41
Financial expense 689,533,049.75 1,171,257,268.72
Including: Interest expense 1,240,836,592.83 962,670,968.55
Interest income 161,056,886.66 77,504,583.48
Add: Other income 373,499,258.19 149,581,833.31
Income from investment (Loss to be filled
-172,659,152.92 -417,738,508.10
in with “-”)
Including: Income from investment in
120,219,107.93 74,475,013.67
associated enterprise and joint venture
Income from derecognition of
-97,599,805.16 -81,070,533.50
financial assets measured at amortized cost
Profit or loss on exchange (Loss to be
filled in with “-”)
Net profit on exposure hedging (Loss to
be filled in with “-”)
Income from change in fair value (Loss to
-721,563,230.34 -180,231,185.93
be filled in with “-”)
Loss on credit impairment (Loss to be
-70,633,462.81 -14,996,518.76
filled in with “-”)
Asset impairment loss (Loss to be filled in
-559,406,568.91 -455,902,855.54
with “-”)
Income from disposal of assets (Loss to
23,719,537.16 8,770,280.87
be filled in with “-”)
III. Operating profit (Loss to be filled in with “-”) 3,985,206,972.64 2,956,853,197.35
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Report for Third Quarter of 2022
Add: Non-operating income 307,067,609.19 74,714,061.98
Less: Non-operating expense 217,387,091.06 51,240,527.37
IV. Total profits (Total losses to be filled in with
4,074,887,490.77 2,980,326,731.96
“-”)
Less: Income tax expense 1,017,076,343.32 841,617,066.81
V. Net profit (Net loss to be filled in with “-”) 3,057,811,147.45 2,138,709,665.15
(I) Classified by sustainable operation
1. Net profit from sustainable operation
3,057,811,147.45 2,138,709,665.15
(Net loss to be filled in with “-”)
2. Net profit from discontinued operation
(Net loss to be filled in with “-”)
(II) Classified by attribution of ownership
1. Net profit attributable to the
shareholders of the parent company (Net loss 2,173,450,380.22 1,656,175,819.17
to be filled in with “-”)
2. Minority interest income (Net loss to be
884,360,767.23 482,533,845.98
filled in with “-”)
VI. Net-of-tax other comprehensive income 332,030,149.87 22,521,081.96
(I) Net-of-tax other comprehensive income
322,058,018.76 22,889,048.62
attributable to the parent company
1. Other comprehensive income that cannot
be reclassified as profit and loss
(1) Amount of changes in re-measurement
of defined benefit plans
(2) Other comprehensive income that
cannot be transferred to profit and loss under the
equity method
(3) Change in fair value of other investments
in equity instruments
(4) Changes in fair value of enterprise’s own
credit risk
2. Other comprehensive income to be
322,058,018.76 22,889,048.62
reclassified as profit and income
(1) Other comprehensive income that can
be transferred to profit and loss under the equity -275,917.58
method
(2) Changes in fair value of other
investments on bonds
(3) Amount of financial assets reclassified
and included in other comprehensive income
(4) Provision for credit impairment of other
investments in bonds
(5) Reserve for cash flow hedge -13,704,450.00
(6) Translation difference of foreign
336,038,386.34 22,889,048.62
currency financial statements
(7) Others
(II) Net-of-tax other comprehensive income
9,972,131.11 -367,966.66
attributable to the minority
VII. Total comprehensive income 3,389,841,297.32 2,161,230,747.11
(I) Total comprehensive income attributable to
2,495,508,398.98 1,679,064,867.79
the owners of the parent company
(II) Total comprehensive income attributable
894,332,898.34 482,165,879.32
to the minority
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Report for Third Quarter of 2022
VIII. Earnings per share:
(I) Basic earnings per share (Yuan/share) 0.96 0.71
(II) Diluted earnings per share (Yuan/share) 0.93 0.71
In case of the merger of enterprises under the same control occurring in the current period, the
net profit realized by the merged party before the merger shall be RMB 0.00 Yuan, and the net
profit realized by the merged party in the previous period shall be RMB 0.00 Yuan.
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Qi
Weidong Leading member of accounting body: Lin Jing
Consolidated Cash Flow Statement
January – September, 2022
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
First Three Quarters of First Three Quarters of
Item 2022 2021
January – September) (January – September)
I. Cash flow from operating activities:
Cash receiving from sales of goods and
442,619,625,454.19 376,230,972,496.42
rendering of services
Net increase in customer deposit and deposit
from other banks
Net increase in borrowing from central bank
Net increase in funds borrowed from other
financial institutions
Cash obtained by receipt of premiums from
original insurance contracts
Net cash received from reinsurance business
Net increase in deposit of insured and
investment
Cash received from interests, handling
charges, and commissions
Net increase in loans from other banks and
other financial institutions
Net increase in funds for repurchase business
Net cash received from acting trading
securities
Refund of tax received 1,073,603,152.73 496,902,790.71
Other cash received in relation to operating
1,751,592,485.09 9,103,247,160.30
activities
Subtotal of cash inflow from operating
445,444,821,092.01 385,831,122,447.43
activities
Cash paid for sales of goods and rendering of
440,601,153,058.48 385,087,744,833.93
services
Net increase in customer loans and advances
Net increase in deposit in the Central Bank
and other banks
Cash paid for claims under the original
insurance contract
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Report for Third Quarter of 2022
Net increase in lending to banks and other
financial institutions
Cash paid for interest, handling charges, and
commissions
Cash paid for policy dividend
Cash paid to and for the employees 1,472,727,889.55 1,213,545,650.01
Taxes paid 2,566,655,467.95 1,903,436,463.21
Other cash paid in relation to operating
4,516,160,120.71 8,415,785,587.13
activities
Subtotal of cash outflow from operating
449,156,696,536.69 396,620,512,534.28
activities
Net cash flow from operating activities -3,711,875,444.68 -10,789,390,086.85
II. Cash flow from investment activities
Cash receiving from investment withdrawal 7,174,804,557.11 6,519,790,938.25
Cash receiving from return on investment 175,587,638.87 214,758,959.44
Net amount of cash receiving from disposal of
fixed assets, intangible assets, and other long- 254,724,676.60 125,272,255.33
term assets
Net amount of cash receiving from disposal of
356,643,099.28 36,704,732.37
subsidiary and other business unit
Other cash receiving related to investment
100,000.00
activities
Subtotal of cash inflow from investment
7,961,759,971.86 6,896,626,885.39
activities
Cash paid to acquire fixed assets, intangible
191,475,209.40 474,979,298.53
assets, and other long-term assets
Cash paid to acquire investment 8,662,700,619.49 4,574,012,238.22
Net increase in pledge loan
Net amount of cash paid to acquire subsidiary
87,639,962.47
and other business unit
Other cash paid related to investment
6,643,399.73
activities
Subtotal of cash outflow from investment
8,854,175,828.89 5,143,274,898.95
activities
Net cash flow from investment activities -892,415,857.03 1,753,351,986.44
III. Cash flow from financing activities:
Cash received from investment by others 8,173,666,157.40 1,798,396,200.00
Including: Cash received from subsidiary
7,798,746,826.80 1,798,396,200.00
investments from minority shareholders
Cash receiving from borrowings 93,815,076,767.06 90,466,448,845.66
Other cash receiving related to financing
6,040,522.65 431,865,442.14
activities
Subtotal of cash inflow from financing
101,994,783,447.11 92,696,710,487.80
activities
Cash paid for repayment of debt 81,520,141,115.38 79,767,121,321.97
Cash paid for distribution of dividend, profit or
3,051,722,905.92 2,223,065,476.99
payment of interest
Including: Dividend and profit paid by
724,293,316.77 567,343,834.43
subsidiary to minority shareholders
Other cash paid relating to financing activities 3,863,141,097.91 2,379,331,063.56
Subtotal of cash outflow from financing
88,435,005,119.21 84,369,517,862.52
activities
Net cash flow from financing activities 13,559,778,327.90 8,327,192,625.28
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Report for Third Quarter of 2022
IV. Effect of exchange rate changes on cash
409,581,640.90 3,819,636.81
and cash equivalents
V. Net increase in cash and cash equivalents 9,365,068,667.09 -705,025,838.32
Add: Beginning balance of cash and cash
10,635,311,053.24 10,950,257,498.82
equivalents
VI. Ending balance of cash and cash
20,000,379,720.33 10,245,231,660.50
equivalents
Person in charge of Company: Deng Qidong Person in charge of financial affairs:
Qi Weidong Leading member of accounting body: Lin Jing
The implementation of new accounting standards or the new interpretations to the accounting
standards since 2022 involves the adjustment of the financial statements at the beginning of the
year when they are implemented for the first time.
□ Applicable √ Not Applicable
It is hereby announced.
The Board of Directors of Xiamen Xiangyu Co., Ltd.
October 26, 2022
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