Report for Third Quarter of 2023
Stock Code: 600057 Stock Abbreviation: Xiamen Xiangyu
Xiamen Xiangyu Co., Ltd.
Report for Third Quarter of 2023
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
(1) Key accounting data and financial indicators
Unit: million Yuan Currency: RMB
Changes on Changes
The same reporting From beginning The same reporting period
Current a YoY basis on a YoY
period of last year of the year to the of last year
Item reporting (%) basis (%)
end of reporting
period
Before After After period Before After After
adjustment adjustment adjustment adjustment adjustment adjustment
Operating
135,085.30 137,607.92 137,607.92 -1.83 368,634.67 391,758.58 391,758.58 -5.90
revenue
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Report for Third Quarter of 2023
Net profit
attributable to
shareholders of 289.78 807.04 817.76 -64.56 1,181.20 2,173.45 2,205.62 -46.45
the listed
company
Net profit
attributable to
shareholders of
the listed
65.54 990.43 1,001.15 -93.45 200.17 2,495.82 2,527.98 -92.08
company after
deducting the
non-recurring
profit and loss
Net cash flow
Not Not Not Not Not
from operating 1,599.51 -3,711.88 -3,711.88
applicable applicable applicable applicable applicable
activities
Basic earnings
per share 0.10 0.36 0.36 -72.22 0.47 0.96 0.96 -51.04
(Yuan/share)
Diluted earnings
per share 0.10 0.34 0.34 -70.59 0.46 0.93 0.93 -50.54
(Yuan/share)
Weighted
Decreased Decreased
average return 1.62 5.67 5.67 7.12 15.26 15.26
by 4.05pp by 8.14pp
on equity (%)
Changes compared to the
At the end of reporting At the end of last year
end of last year (%)
period
Before adjustment After adjustment After adjustment
Total assets 126,691.82 115,056.41 115,119.21 10.05
Owner’s equity
attributable to
the shareholders 20,777.19 17,091.57 17,091.57 21.56
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:
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Report for Third Quarter of 2023
1. In the above statement, the net profit attributable to the shareholders of the listed company in
the current reporting period includes the interests attributable to the holders of the perpetual
bonds in the reporting period in the amount of RMB 66 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 224 million. 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. The Company implemented the provisions of the Interpretation No. 16 of Accounting
Standards for Enterprises on “Accounting treatment on deferred income tax on assets and
liabilities arising from individual transactions that is not subject to the initial recognition
exemption” and “Accounting treatment on income tax implications of dividends related to
financial instruments classified by the issuer as equity instruments”, and retrospectively
adjusted the relevant items of financial statements of the end of last year or the same period of
last year.
(2) Non-recurring profit and loss items and amounts thereof
Unit: Yuan Currency: RMB
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 2,966,570.87 1,817,565.62
of non-current assets
The government 154,125,970.82 464,290,872.87 Including the amount of
subsidies (except for government subsidies
those closely related to received in previous years
the Company’s normal and apportioned in the
business operations, in current period.
line with national
policies, and
continuously available at
certain standard quota or
ration) included in the
current profit and loss
Except for the effective -76,618,939.17 413,446,560.67 Mainly including the
hedging business related changes in fair value
to the Company’s normal recognized in profit or loss
business operations, the and the gains and losses
3 / 17
Report for Third Quarter of 2023
changes in fair value on disposal arising from the
recognized in profit or hedging against the
loss derived from holding fluctuation in commodity
trading financial assets, price and exchange rate by
derivative financial the Company with futures
assets, trading financial instrument and foreign
liabilities, and derivative exchange contract in order
financial liabilities, and to support the spot
the investment income operation of the main
obtained from disposal of business, which are closely
trading financial assets, related to the operating
derivative financial profit and loss of the main
assets, trading financial business.
liabilities, derivative
financial liabilities, and
other investments in
creditor’s right
Reversal of the 3,405,408.89 29,299,603.12
impairment provision for
receivables and
contractual assets for
which the impairment
tests are carried out
separately
Trustee fee from 1,686,320.76 5,058,962.26
entrusted operations
Other non-operating 71,678,263.28 124,457,685.52
incomes and expenses
than those mentioned
above
Less: Amount of income 47,066,125.78 318,153,571.18
tax consequence
Amount of minority -114,061,984.82 -260,812,032.47
equity consequence
(after tax)
Total 224,239,454.49 981,029,711.35
Note to the fact that the non-recurring profit and loss items are recognized as the 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”.
□Applicable √Not Applicable
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Report for Third Quarter of 2023
(3) The circumstances and causes for occurrence of changes in the key accounting data and
financial indicators
√Applicable □Not Applicable
Proportion Main cause
Name of item of change
(%)
Net profit attributable to shareholders of the listed In the first three quarters of 2023, due to
-64.56
company_ current reporting period the sluggish domestic and foreign
Net profit attributable to shareholders of the listed demand, commodity prices have shown
company_ from beginning of the year to the end of -46.45 downward trends. Therefore, the
reporting period downstream customers’ demand and
Net profit attributable to shareholders of the listed profitability were under pressure,
company after deducting the non-recurring profit and -93.45 resulting in the decline of the
loss_ current reporting period Company's gross profit from commodity
Net profit attributable to shareholders of the listed operations.
company after deducting the non-recurring profit and
-92.08
loss_ from beginning of the year to the end of
reporting period
The increase in net cash flow from
Net cash flow from operating activities_ from Not operating activities was mainly due to
beginning of the year to the end of reporting period applicable accelerated capital recovery in the
supply chain business.
Basic earnings per share (Yuan/share) _ current Mainly due to the decline of net profit
-72.22
reporting period attributable to shareholders of the listed
Basic earnings per share (Yuan/share) _ from company in current period.
-51.04
beginning of the year to the end of reporting period
Diluted earnings per share (Yuan/share) _ current
-70.59
reporting period
Diluted earnings per share (Yuan/share) _ from
-50.54
beginning of the year to the end of reporting period
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 shareholders
Unit: Share
Total number of
Total number of preferred shareholders whose
shareholders at the
49,598 voting rights are restored at the end of the 0
end of the reporting
reporting period (if any)
period
5 / 17
Report for Third Quarter of 2023
Shares holding by top 10 shareholders
Pledge, Marking, or
Number of
Proportion of Freezing
Nature of Number of Restricted
Name of Shareholder Shareholding Status
Shareholder Shares Held Shares
(%) of Quantity
Held
Share
Xiamen Xiangyu State-owned
1,122,603,723 49.49 0 No 0
Group Corporation legal person
National Social
Security Fund Others 59,000,000 2.60 0 No 0
Portfolio 503
National Social
Security Fund Others 51,530,160 2.27 0 No 0
Portfolio 114
Xiamen CCRE Group State-owned
50,226,994 2.21 0 No 0
Co., Ltd. legal person
China Agricultural
Reclamation Industry
Others 43,149,000 1.90 0 No 0
Development Fund
(L.P.)
Hong Kong Securities
Overseas
Clearing Company 31,279,398 1.38 0 No 0
legal person
Ltd.
Xiangyu Real Estate State-owned
30,388,100 1.34 0 No 0
Group Co., Ltd. legal person
China Merchants
Bank Co., Ltd. - SSE
Dividend Trading
Others 26,639,038 1.17 0 No 0
Open-ended Index
Securities Investment
Fund
Domestic
Guosen Securities non-state-ow
19,169,728 0.85 0 No 0
Co.,Ltd. ned legal
persons
National Social
Security Fund Others 17,712,749 0.78 0 No 0
Portfolio 401
Shares holding by top 10 unrestricted shareholders
Class and number of shares
Name of Shareholder Number of unrestricted outstanding shares held Class of Number
shares
6 / 17
Report for Third Quarter of 2023
RMB
Xiamen Xiangyu
1,122,603,723 ordinary 1,122,603,723
Group Corporation
shares
National Social RMB
Security Fund 59,000,000 ordinary 59,000,000
Portfolio 503 shares
National Social RMB
Security Fund 51,530,160 ordinary 51,530,160
Portfolio 114 shares
RMB
Xiamen CCRE Group
50,226,994 ordinary 50,226,994
Co., Ltd.
shares
China Agricultural
RMB
Reclamation Industry
43,149,000 ordinary 43,149,000
Development Fund
shares
(L.P.)
Hong Kong Securities RMB
Clearing Company 31,279,398 ordinary 31,279,398
Ltd. shares
RMB
Xiangyu Real Estate
30,388,100 ordinary 30,388,100
Group Co., Ltd.
shares
China Merchants
Bank Co., Ltd. - SSE
RMB
Dividend Trading
26,639,038 ordinary 26,639,038
Open-ended Index
shares
Securities Investment
Fund
RMB
Guosen Securities
19,169,728 ordinary 19,169,728
Co.,Ltd.
shares
National Social RMB
Security Fund 17,712,749 ordinary 17,712,749
Portfolio 401 shares
Note to association or Xiangyu Real Estate Group Co., Ltd. is a wholly-owned subsidiary of Xiamen Xiangyu
concerted action of Group Corporation. The Company is not aware that whether there is any association
aforesaid between the other aforesaid shareholders, or whether the other aforesaid shareholders
shareholders are the person acting in concert as stipulated in the “Administration of the Takeover of
Listed Companies Procedures”.
7 / 17
Report for Third Quarter of 2023
Notes to participation
on top 10
shareholders and top
10 unrestricted
shareholders in Not applicable
securities margin
trading and
refinancing 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
√Applicable □Not Applicable
Xiamen Xiangyu Group Co., Ltd. (hereinafter referred to as "Xiangyu Group"), the controlling
shareholder of the Company, plans to increase its holdings of the Company's shares through
the Shanghai Stock Exchange trading system in a centralized bidding transaction within 3
months from October 31, 2023, with the total incremental amount between RMB 150 million and
RMB 200 million, and the bidding price no more than RMB 8 per share. Xiangyu Group
guarantees that Xiangyu Group and the persons acting in concert shall not reduce their
holdings of the Company's shares during the statutory period and the implementation of the
shareholding increase plan.
IV. Quarterly financial statements
(1) Type of auditor’s opinions
□Applicable √Not Applicable
(2) Financial statements
Consolidated Balance Sheet
As at September 30, 2023
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
Item September 30, 2023 December 31, 2022
Current assets:
Cash and cash equivalents 22,219,349,504.31 19,827,796,711.12
Deposit reservation for balance
Lending to Banks and Other Financial
8 / 17
Report for Third Quarter of 2023
Institutions
Held-for-trading financial assets 751,870,606.43 538,653,027.86
Derivative financial assets 411,155,890.40 138,164,754.84
Notes receivable 116,833,183.50 185,094,125.58
Accounts receivable 20,257,006,392.43 20,933,113,354.93
Financing of receivables 502,793,855.84 629,228,282.61
Prepayments 27,448,769,331.11 17,410,891,830.39
Premiums receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 4,438,202,668.43 4,161,774,090.37
Including: Interests receivable
Dividends receivable 8,438,341.52 9,772,007.84
Redemptory monetary capital for sale
Inventories 28,368,202,497.11 28,520,230,746.65
Contract assets 522,641,108.04 751,734,648.98
Held-for-sale assets
Non-current assets due within one year 137,691,379.65 441,411,531.56
Other current assets 2,622,639,153.24 3,685,310,008.91
Total current assets 107,797,155,570.49 97,223,403,113.80
Non-current assets:
Loan and advance in cash
Investment in creditor’s right
Other investments in creditor’s right
Long-term receivables 3,220,000.00 1,000,000.00
Long-term equity investment 1,546,744,821.61 1,540,300,091.86
Investment in other equity instruments
Other non-current financial assets 144,347,323.39 131,864,209.36
Investment properties 1,275,314,734.30 952,156,611.55
Fixed assets 10,088,058,582.68 10,146,632,651.99
Construction in progress 240,722,107.27 156,422,328.19
Productive biological assets
Oil and gas assets
Right-of-use assets 597,996,110.62 682,921,518.69
Intangible assets 2,067,661,541.79 2,003,922,574.33
Development expenditure 1,211,320.77 4,181,708.15
Goodwill 12,669,186.90 12,669,186.90
Long-term unamortized expenses 142,603,192.84 161,514,818.57
Deferred income tax assets 1,791,397,808.73 1,300,458,448.83
Other non-current assets 982,717,350.44 801,759,447.88
Total non-current assets 18,894,664,081.34 17,895,803,596.30
Total assets 126,691,819,651.83 115,119,206,710.10
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Report for Third Quarter of 2023
Current liabilities:
Short-term borrowing 19,998,586,120.46 11,959,353,120.86
Borrowings from central bank
Loans from other banks and other financial
institutions
Trading financial liabilities
Derivative financial liabilities 1,053,777,757.18 634,229,744.63
Notes payable 24,658,054,323.97 22,379,641,249.44
Accounts payable 12,630,219,090.73 15,474,006,986.14
Account collected in advance 34,328,952.09 23,973,470.01
Contract liabilities 11,950,750,790.11 9,814,717,739.54
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable 999,615,482.14 1,513,866,366.33
Taxes payable 551,002,396.82 1,088,143,594.54
Other payables 1,489,917,665.77 4,034,085,616.27
Including: Interests payable
Dividends payable 82,016,131.77 32,959,704.04
Handling charges and commissions payable
Accounts payable for reinsurance
Held-for-sale liabilities
Non-current liabilities due within one year 2,984,699,144.62 1,592,931,420.36
Other current liabilities 5,653,449,275.69 2,457,156,640.32
Total current liabilities 82,004,400,999.58 70,972,105,948.44
Non-current liabilities:
Provision for insurance contracts
Long-term borrowings 1,819,212,447.97 3,195,496,636.04
Bonds payable 2,998,492,261.94
Including: Preferred shares
Perpetual bonds
Lease liabilities 230,873,891.44 262,679,235.20
Long-term payables 210,451,715.22
Long-term payroll payable 789,847,034.07 801,127,149.96
Estimated liabilities 8,705,609.52 10,119,882.43
Deferred income 270,074,883.21 284,870,248.05
Deferred income tax liabilities 211,259,613.87 202,686,720.51
Other non-current liabilities 1,430,000,000.00
Total non-current liabilities 4,970,425,195.30 7,755,472,134.13
Total liabilities 86,974,826,194.88 78,727,578,082.57
Owner’s equity (or shareholders’ equity):
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Report for Third Quarter of 2023
Paid-up capital (or capital stock) 2,268,205,992.00 2,254,093,987.00
Other equity instruments 6,118,300,000.00 2,300,000,000.00
Including: Preferred shares
Perpetual bonds 6,118,300,000.00 2,300,000,000.00
Capital reserve 6,241,564,330.12 6,089,010,364.68
Less: Treasury stock 460,513,885.55 465,765,108.41
Other comprehensive income 154,794,754.77 131,398,941.62
Appropriative reserve
Surplus reserve 690,741,981.76 690,741,981.76
General risk reserve
Undistributed profits 5,764,098,454.61 6,092,085,505.05
Total owner’s equity (or shareholders’ equity) 20,777,191,627.71 17,091,565,671.70
attributable to parent company
Minority equity 18,939,801,829.24 19,300,062,955.83
Total owner’s equity (or shareholders’ 39,716,993,456.95 36,391,628,627.53
equity)
Total liabilities and owner’s equity (or 126,691,819,651.83 115,119,206,710.10
shareholders’ equity)
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Qi
Weidong Leading member of accounting body: Lin Jing
Consolidated Income Statement
January – September 2023
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
First Three Quarters (January – First Three Quarters (January
Item
September) of 2023 – September) of 2022
I. Total operating revenue 368,634,671,437.87 391,758,578,523.22
Including: Operating revenue 368,634,671,437.87 391,758,578,523.22
Interest income
Insurance premium earned
Handling charges and
commissions income
II. Total operating cost 367,436,722,522.24 386,646,327,930.95
Including: Operating cost 362,698,835,985.33 382,825,413,037.51
Interest expense
Handling charge and
commissions expense
Surrender value
Net payment of insurance
claims
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Report for Third Quarter of 2023
Net provision in insurance
reserve
Policy dividend
Amortized reinsurance
expenditures
Taxes and surcharges 397,537,672.44 466,293,280.56
Selling expenses 1,507,492,932.69 1,721,322,259.07
Administrative expenses 1,151,934,258.69 917,861,645.09
Research & development 111,775,961.91 25,904,658.97
expense
Financial expense 1,569,145,711.18 689,533,049.75
Including: Interest expense 1,472,252,358.16 1,240,836,592.83
Interest income 216,869,123.72 161,056,886.66
Add: Other income 469,595,415.92 373,499,258.19
Income from investment (Loss 237,428,534.88 -172,659,152.92
to be filled in with “-”)
Including: Income from 49,735,188.05 120,219,107.93
investment in associated enterprise
and joint venture
Income from -29,647,779.64 -97,599,805.16
derecognition of 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 105,132,346.76 -721,563,230.34
value (Loss to be filled in with “-”)
Loss on credit impairment -265,326,203.76 -70,633,462.81
(Loss to be filled in with “-”)
Asset impairment loss (Loss to -183,034,634.79 -559,406,568.91
be filled in with “-”)
Income from disposal of assets 3,656,865.33 23,719,537.16
(Loss to be filled in with “-”)
III. Operating profit (Loss to be filled in 1,565,401,239.97 3,985,206,972.64
with “-”)
Add: Non-operating income 163,192,725.57 307,067,609.19
Less: Non-operating expense 40,474,339.76 217,387,091.06
IV. Total profits (Total losses to be 1,688,119,625.78 4,074,887,490.77
filled in with “-”)
Less: Income tax expense 229,453,951.44 984,910,718.32
V. Net profit (Net loss to be filled in 1,458,665,674.34 3,089,976,772.45
with “-”)
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Report for Third Quarter of 2023
(I) Classified by sustainability operation
1. Net profit from sustainable 1,458,665,674.34 3,089,976,772.45
operation (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 1,181,200,576.03 2,205,616,005.22
shareholders of the parent company
(Net loss to be filled in with “-”)
2. Minority interest income (Net 277,465,098.31 884,360,767.23
loss to be filled in with “-”)
VI. Net-of-tax other comprehensive 42,863,570.43 332,030,149.87
income
(I) Net-of-tax other comprehensive 23,395,813.15 322,058,018.76
income 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 23,395,813.15 322,058,018.76
to be reclassified as profit and income
(1) Other comprehensive income -10,475.10 -275,917.58
that can be transferred to profit and
loss under the equity 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
13 / 17
Report for Third Quarter of 2023
bonds
(5) Reserve for cash flow hedge -51,008,076.03 -13,704,450.00
(6) Translation difference of 74,414,364.28 336,038,386.34
foreign currency financial statements
(7) Others
(II) Net-of-tax other comprehensive 19,467,757.28 9,972,131.11
income attributable to the minority
VII. Total comprehensive income 1,501,529,244.77 3,422,006,922.32
(I) Total comprehensive income 1,204,596,389.18 2,527,674,023.98
attributable to the owners of the
parent company
(II) Total comprehensive income 296,932,855.59 894,332,898.34
attributable to the minority
VIII. Earnings per share:
(I) Basic earnings per share 0.47 0.96
(Yuan/share)
(II) Diluted earnings per share 0.46 0.93
(Yuan/share)
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, and the net profit
realized by the merged party in the previous period shall be RMB 0.00.
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, 2023
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
First Three Quarters First Three Quarters
Item (January – September) of (January – September) of
2023 2022
I. Cash flow from operating activities:
Cash receiving from sales of goods and 434,863,290,609.69 442,619,625,454.19
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
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Report for Third Quarter of 2023
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 437,890,162.41 1,073,603,152.73
Other cash received in relation to operating 1,088,570,930.09 1,751,592,485.09
activities
Subtotal of cash inflow from operating 436,389,751,702.19 445,444,821,092.01
activities
Cash paid for sales of goods and rendering 427,362,776,096.62 440,601,153,058.48
of 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
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 1,850,356,782.35 1,472,727,889.55
Taxes paid 2,285,598,011.74 2,566,655,467.95
Other cash paid in relation to operating 3,291,510,917.73 4,516,160,120.71
activities
Subtotal of cash outflow from operating 434,790,241,808.44 449,156,696,536.69
activities
Net cash flow from operating activities 1,599,509,893.75 -3,711,875,444.68
II. Cash flow from investment activities
Cash receiving from investment withdrawal 4,849,062,017.86 7,174,804,557.11
Cash receiving from return on investment 87,199,295.74 175,587,638.87
Net amount of cash receiving from disposal 20,763,280.86 254,724,676.60
of fixed assets, intangible assets, and other
15 / 17
Report for Third Quarter of 2023
long-term assets
Net amount of cash receiving from disposal 356,643,099.28
of subsidiary and other business unit
Other cash receiving related to investment 4,250,388.57
activities
Subtotal of cash inflow from investment 4,961,274,983.03 7,961,759,971.86
activities
Cash paid to acquire fixed assets, intangible 960,478,969.15 191,475,209.40
assets, and other long-term assets
Cash paid to acquire investment 1,965,031,951.88 8,662,700,619.49
Net increase in pledge loan
Net amount of cash paid to acquire
subsidiary and other business unit
Other cash paid related to investment 97,904.00
activities
Subtotal of cash outflow from investment 2,925,608,825.03 8,854,175,828.89
activities
Net cash flow from investment activities 2,035,666,158.00 -892,415,857.03
III. Cash flow from financing activities:
Cash received from investment by others 6,492,553,593.24 8,173,666,157.40
Including: Cash received from subsidiary 1,583,457,537.24 7,798,746,826.80
investments from minority shareholders
Cash receiving from borrowings 81,142,879,901.43 93,815,076,767.06
Other cash receiving related to financing 2,114,079,779.30 6,040,522.65
activities
Subtotal of cash inflow from financing 89,749,513,273.97 101,994,783,447.11
activities
Cash paid for repayment of debt 79,747,609,447.63 81,520,141,115.38
Cash paid for distribution of dividend, profit 3,740,252,775.79 3,051,722,905.92
or payment of interest
Including: Dividend and profit paid by 953,670,286.28 724,293,316.77
subsidiary to minority shareholders
Other cash paid relating to financing 5,116,259,368.68 3,863,141,097.91
activities
Subtotal of cash outflow from financing 88,604,121,592.10 88,435,005,119.21
activities
Net cash flow from financing activities 1,145,391,681.87 13,559,778,327.90
IV. Effect of exchange rate changes on cash 95,027,381.00 409,581,640.90
and cash equivalents
V. Net increase in cash and cash 4,875,595,114.62 9,365,068,667.09
equivalents
Add: Beginning balance of cash and cash 15,648,477,435.10 10,635,311,053.24
equivalents
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Report for Third Quarter of 2023
VI. Ending balance of cash and cash 20,524,072,549.72 20,000,379,720.33
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 2023 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 30, 2023
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