Report for Third Quarter of 2024
Stock Code: 600057 Stock Abbreviation: Xiamen Xiangyu
Xiamen Xiangyu Co., Ltd.
Report for Third Quarter of 2024
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
From beginning of the
Current reporting Changes on a Changes on a YoY
Item year to the end of
period YoY basis (%) basis (%)
reporting period
Operating revenue 94,217.89 -30.25 297,698.65 -19.24
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Report for Third Quarter of 2024
Net profit attributable to
shareholders of the 110.69 -61.80 889.76 -24.67
listed company
Net profit attributable to
shareholders of the
listed company after 30.41 -53.60 285.45 42.60
deducting the non-
recurring profit and loss
Net cash flow from
Not applicable Not applicable 515.34 -67.78
operating activities
Basic earnings per
0.004 -96.00 0.28 -40.43
share (Yuan/share)
Diluted earnings per
0.004 -96.00 0.28 -39.13
share (Yuan/share)
Weighted average Decreased by
0.23 4.21 Decreased by 2.91pp
return on equity (%) 1.39pp
At the end of Changes compared to
At the end of last year
reporting period the end of last year (%)
Total assets 127,120.44 129,705.19 -1.99
Owner’s equity
attributable to the
23,405.71 20,841.31 12.30
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 from
beginning of the year to the end of reporting period includes the interests attributable to the
holders of the perpetual bonds in the amount of RMB 287 million; after deducting such interest,
the amount of the net profit attributable to the shareholders of the listed company from beginning
of the year to the end of reporting period is RMB 603 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 / 17
Report for Third Quarter of 2024
(2) Non-recurring profit and loss items and amounts thereof
Unit: Yuan Currency: RMB
Amount from beginning
Non-recurring profit and loss Amount in current
of the year to the end of Remark
items reporting period
the reporting period
The disposal gains and losses of
non-current assets, including the
reversal of previously 1,620,005.38 -7,874,903.93
recognized asset impairment
provisions
The government subsidies
(except for those closely related
to the Company’s normal
business operations, in line with
national policies, and 60,173,723.63 339,050,586.86
continuously available at certain
standard quota or ration)
included in the current profit and
loss
Mainly including the
changes in fair value
recognized in profit or loss
Except for the effective hedging and the gains and losses
business related to the on disposal arising from the
Company’s normal business hedging against the
operations, the changes in fair fluctuation in commodity
value recognized in profit or loss price and exchange rate by
derived from holding financial -7,512,540.06 324,576,461.97 the Company with futures
assets and financial liabilities by instrument and foreign
non-financial enterprises, and exchange contract in order
the gains and losses arising to support the spot
from the disposal of financial operation of the main
assets and financial liabilities business, which are closely
related to the operating
profit and loss of the main
business.
Reversal of the impairment
provision for receivables of
18,654,184.92 23,686,960.21
which the impairment tests are
carried out separately
Trustee fee from entrusted
1,686,320.68 5,058,962.30
operations
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Report for Third Quarter of 2024
Other non-operating incomes
and expenses than those 72,070,208.58 79,964,712.95
mentioned above
Less: Amount of income tax
39,238,578.76 167,949,197.93
consequence
Amount of minority equity
27,170,097.77 -7,792,415.03
consequence (after tax)
Total 80,283,226.60 604,305,997.46
For items not listed in the Explanatory Announcement on Information Disclosure for Companies
Offering Securities to the Public No.1 - Non-recurring Gains and Losses but defined as non-
recurring gains or losses by the Company with material amount, as well as the non-recurring
profit and loss items listed in Explanatory Announcement on Information Disclosure for
Companies Offering Securities to the Public No.1 - Non-recurring Gains and Losses but defined
as recurring gains and losses by the Company, explanations should be provided.
□Applicable √Not Applicable
(3) The circumstances and causes for occurrence of changes in the key accounting data and
financial indicators
√Applicable □Not Applicable
Proportion
Name of item of change Main cause
(%)
Downstream manufacturing customers
experienced weak procurement
demand, and commodity prices were
Operating revenue_ current reporting period -30.25
under pressure, resulting in a decline in
the company's scale of commodity
operations.
Net profit attributable to shareholders of the listed
-61.80 Mainly due to the YoY increase in the
company_ current reporting period
provisions for inventory write-down and
Net profit attributable to shareholders of the listed
credit impairment recognized during
company after deducting the non-recurring profit and -53.60
this reporting period.
loss_ current reporting period
Net profit attributable to shareholders of the listed Mainly due to a YoY decrease of 377
company after deducting the non-recurring profit and million yuan in non-recurring gains and
42.60
loss_ from beginning of the year to the end of losses from the beginning of the year to
reporting period the end of the reporting period.
Mainly due to the proactive adjustment
Net cash flow from operating activities_ from
-67.78 of business strategies in the agricultural
beginning of the year to the end of reporting period
product supply chain, strengthening
4 / 17
Report for Third Quarter of 2024
flow management and rolling inventory
operations, which led to a YoY decline
in operating volume and net operating
inflow.
Basic earnings per share (Yuan/share) _ current
-96.00
reporting period
Basic earnings per share (Yuan/share) _ from
-40.43 Mainly due to the decline of net profit
beginning of the year to the end of reporting period
attributable to shareholders of the listed
Diluted earnings per share (Yuan/share) _ current
-96.00 company in current period.
reporting period
Diluted earnings per share (Yuan/share) _ from
-39.13
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 preferred shareholders whose
Total number of shareholders at
47,656 voting rights are restored at the end of the 0
the end of the reporting period
reporting period (if any)
Shareholding status of the top 10 shareholders (excluding shares lent through refinancing)
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 Group State-owned
1,145,504,792 50.41 0 No 0
Corporation legal person
National Social Security Fund
Others 51,530,160 2.27 0 No 0
Portfolio 114
State-owned
Xiamen CCRE Group Co., Ltd. 50,226,994 2.21 0 No 0
legal person
China Merchants Bank Co., Ltd.
- SSE Dividend Trading Open-
Others 43,507,832 1.91 0 No 0
ended Index Securities
Investment Fund
China Agricultural Reclamation
State-owned
Industry Development Fund 43,149,000 1.90 0 No 0
legal person
(L.P.)
Hong Kong Securities Clearing Overseas
39,158,012 1.72 0 No 0
Company Ltd. legal person
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Report for Third Quarter of 2024
Xiangyu Real Estate Group Co., State-owned
30,388,100 1.34 0 No 0
Ltd. legal person
China Ping An Life Insurance
Co., Ltd. - Dividends - Personal Others 26,329,100 1.16 0 No 0
Insurance Dividends
China Life Insurance Co., Ltd. -
Traditional - General Insurance
Others 23,317,430 1.03 0 No 0
Products -005L - CT001
Shanghai
China Construction Bank
Corporation Limited - Huatai
Bairui CSI Dividend Low
Others 22,857,029 1.01 0 No 0
volatility Trading Open Ended
Index Securities Investment
Fund
Shareholding status of the top 10 unrestricted shareholders (excluding shares lent through refinancing)
Class and number of shares
Name of Shareholder Number of unrestricted outstanding shares held Class of Number
shares
RMB
Xiamen Xiangyu Group
1,145,504,792 ordinary 1,145,504,792
Corporation
shares
RMB
National Social Security Fund
51,530,160 ordinary 51,530,160
Portfolio 114
shares
RMB
Xiamen CCRE Group Co., Ltd. 50,226,994 ordinary 50,226,994
shares
China Merchants Bank Co., Ltd.
RMB
- SSE Dividend Trading Open-
43,507,832 ordinary 43,507,832
ended Index Securities
shares
Investment Fund
China Agricultural Reclamation RMB
Industry Development Fund 43,149,000 ordinary 43,149,000
(L.P.) shares
RMB
Hong Kong Securities Clearing
39,158,012 ordinary 39,158,012
Company Ltd.
shares
RMB
Xiangyu Real Estate Group Co.,
30,388,100 ordinary 30,388,100
Ltd.
shares
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Report for Third Quarter of 2024
China Ping An Life Insurance RMB
Co., Ltd. - Dividends - Personal 26,329,100 ordinary 26,329,100
Insurance Dividends shares
China Life Insurance Co., Ltd. -
RMB
Traditional - General Insurance
23,317,430 ordinary 23,317,430
Products -005L - CT001
shares
Shanghai
China Construction Bank
Corporation Limited - Huatai
RMB
Bairui CSI Dividend Low
22,857,029 ordinary 22,857,029
volatility Trading Open Ended
shares
Index Securities Investment
Fund
Xiangyu Real Estate Group Co., Ltd. is a wholly-owned subsidiary of Xiamen Xiangyu
Group Corporation. The Company is not aware that whether there is any association
Note to association or concerted
between the other aforesaid shareholders, or whether the other aforesaid shareholders
action of aforesaid shareholders
are the person acting in concert as stipulated in the “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
refinancing business (if any)
Share lending status of shareholders holding more than 5%, the top 10 shareholders, and the
top 10 unrestricted circulating shareholders participating in refinancing.
√Applicable □Not Applicable
Unit: Share
Share lending status of shareholders holding more than 5%, the top 10 shareholders, and the top 10 unrestricted circulating
shareholders participating in refinancing
Beginning Balance of Beginning Balance of Ending Balance of
Ending Balance of
Ordinary Accounts and Shares Lent for Shares Lent for
Shareholder Ordinary Accounts and
Credit Accounts Refinancing and Not Yet Refinancing and Not
Name Credit Accounts Holdings
Holdings Returned Yet Returned
(Full Name)
Total Proportion Total Proportion Total Proportion Total Proportion
Quantity (%) Quantity (%) Quantity (%) Quantity (%)
China
Construction Bank
Corporation
Limited - Huatai
7,419,700 0.33 407,400 0.02 22,857,029 1.01 0 0
Bairui CSI
Dividend Low
volatility Trading
Open Ended
7 / 17
Report for Third Quarter of 2024
Index Securities
Investment Fund
The top 10 shareholders and the top 10 unrestricted circulating shareholders have changed
compared to the previous period due to lending/returning shares for refinancing.
□Applicable √Not Applicable
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
1. The controlling shareholder of the company, Xiamen Xiangyu Group Co., Ltd. (hereinafter
referred to as "Xiangyu Group"), is in the process of orderly acquiring the company's and its
subsidiaries' claims against Jiangsu Delong Nickel Industry Co., Ltd. and its subsidiaries.
Currently, the third-party evaluation agency hired by the company is further solidifying and
completing the debt evaluation report. The company will promote the board and shareholder
meeting review processes based on the progress and cooperate with Xiangyu Group to complete
the relevant approval procedures, while fulfilling its information disclosure obligations in a timely
manner.
2. The company's 2022 private placement of stocks has been accepted by the Shanghai Stock
Exchange in March 2023 and is currently under review. The company has completed the first
round of inquiry responses and updated the data for the 2024 half-year report. The project is still
in progress.
IV. Quarterly financial statements
(1) Type of auditor’s opinions
□Applicable √Not Applicable
(2) Financial statements
Consolidated Balance Sheet
As at September 30, 2024
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
Item September 30, 2024 December 31, 2023
Current assets:
Cash and cash equivalents 20,860,868,539.36 22,255,982,864.26
Deposit reservation for balance
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Report for Third Quarter of 2024
Lending to Banks and Other Financial
Institutions
Held-for-trading financial assets 1,039,733,660.50 823,821,583.04
Derivative financial assets 281,121,576.23 290,784,622.08
Notes receivable 195,489,626.95 531,018,797.44
Accounts receivable 19,765,912,200.86 17,808,282,129.58
Financing of receivables 783,731,145.21 562,035,707.23
Prepayments 22,973,504,947.02 30,179,224,372.46
Premiums receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 14,353,974,378.95 4,824,363,740.79
Including: Interests receivable
Dividends receivable 8,155,895.51
Redemptory monetary capital for sale
Inventories 22,540,534,884.89 27,202,095,346.27
Including: data resources
Contract assets 965,285,351.81 623,954,297.34
Held-for-sale assets
Non-current assets due within one year 870,170,920.71 3,940,044.00
Other current assets 3,178,187,827.32 5,727,455,847.03
Total current assets 107,808,515,059.81 110,832,959,351.52
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 3,220,000.00
Long-term equity investment 1,576,867,101.70 1,273,802,681.20
Investment in other equity instruments
Other non-current financial assets 46,827,809.26 118,056,884.24
Investment properties 1,277,310,584.61 1,253,542,856.19
Fixed assets 10,199,468,653.44 10,130,256,249.17
Construction in progress 545,337,477.53 90,064,574.87
Productive biological assets
Oil and gas assets
Right-of-use assets 526,464,520.65 710,373,088.27
Intangible assets 2,168,833,208.39 2,069,253,992.42
Including: data resources
Development expenditure 16,671,013.53 10,773,087.28
Including: data resources
Goodwill 12,669,186.90 12,669,186.90
Long-term unamortized expenses 130,909,635.13 145,432,099.20
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Report for Third Quarter of 2024
Deferred income tax assets 2,339,085,688.42 2,011,107,600.24
Other non-current assets 468,256,138.26 1,043,675,008.09
Total non-current assets 19,311,921,017.82 18,872,227,308.07
Total assets 127,120,436,077.63 129,705,186,659.59
Current liabilities:
Short-term borrowing 27,928,978,623.99 23,072,286,016.00
Borrowings from central bank
Loans from other banks and other financial
institutions
Trading financial liabilities
Derivative financial liabilities 925,802,419.66 855,375,659.63
Notes payable 29,766,339,875.54 28,764,603,938.00
Accounts payable 8,532,733,190.81 13,553,556,041.96
Account collected in advance 32,987,159.27 38,393,090.98
Contract liabilities 11,299,225,164.12 10,026,177,969.16
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable 912,238,482.13 1,210,644,474.69
Taxes payable 504,353,881.54 565,644,171.18
Other payables 1,735,057,041.20 4,498,960,067.44
Including: Interests payable
Dividends payable 132,444,378.86 245,548,911.32
Handling charges and commissions
payable
Accounts payable for reinsurance
Held-for-sale liabilities
Non-current liabilities due within one year 960,305,183.63 2,960,758,026.04
Other current liabilities 3,736,986,183.30 2,466,462,437.30
Total current liabilities 86,335,007,205.19 88,012,861,892.38
Non-current liabilities:
Provision for insurance contracts
Long-term borrowings 1,814,118,921.80 1,616,654,995.83
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 360,418,144.50 321,494,633.41
Long-term payables 175,665,090.32 195,922,321.13
Long-term payroll payable 552,211,943.48 563,392,657.25
Estimated liabilities 14,001,402.91 9,744,505.66
Deferred income 254,738,283.63 267,228,811.80
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Report for Third Quarter of 2024
Deferred income tax liabilities 114,230,488.61 95,484,174.84
Other non-current liabilities 1,430,000,000.00 1,430,000,000.00
Total non-current liabilities 4,715,384,275.25 4,499,922,099.92
Total liabilities 91,050,391,480.44 92,512,783,992.30
Owner’s equity (or shareholders’ equity):
Paid-up capital (or capital stock) 2,272,414,063.00 2,268,205,992.00
Other equity instruments 10,413,300,000.00 5,918,300,000.00
Including: Preferred shares
Perpetual bonds 10,413,300,000.00 5,918,300,000.00
Capital reserve 4,211,066,963.34 6,140,981,890.47
Less: Treasury stock 319,262,260.92 460,513,885.55
Other comprehensive income 53,412,594.22 144,350,107.81
Appropriative reserve 135,657.56
Surplus reserve 809,665,467.34 809,665,467.34
General risk reserve
Undistributed profits 5,964,977,538.75 6,020,320,085.21
Total owner’s equity (or shareholders’
23,405,710,023.29 20,841,309,657.28
equity) attributable to parent company
Minority equity 12,664,334,573.90 16,351,093,010.01
Total owner’s equity (or shareholders’
36,070,044,597.19 37,192,402,667.29
equity)
Total liabilities and owner’s equity (or
127,120,436,077.63 129,705,186,659.59
shareholders’ equity)
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Su
Zhuquan Leading member of accounting body: Lin Jing
Consolidated Income Statement
January – September 2024
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 2024 – September) of 2023
I. Total operating revenue 297,698,649,026.93 368,634,671,437.87
Including: Operating revenue 297,698,649,026.93 368,634,671,437.87
Interest income
Insurance premium earned
Handling charges and
commissions income
II. Total operating cost 296,192,097,809.43 367,436,722,522.24
Including: Operating cost 291,685,130,768.65 362,702,772,850.48
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Report for Third Quarter of 2024
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 340,877,223.69 397,537,672.44
Selling expenses 1,572,360,323.28 1,503,556,067.54
Administrative expenses 935,218,119.11 1,151,934,258.69
Research & development
55,413,246.97 111,775,961.91
expense
Financial expense 1,603,098,127.73 1,569,145,711.18
Including: Interest expense 949,037,881.08 1,472,252,358.16
Interest income 254,123,964.38 216,869,123.72
Add: Other income 353,383,464.48 469,595,415.92
Income from investment
351,828,225.75 237,428,534.88
(Loss to be filled in with “-”)
Including: Income from
investment in associated enterprise 206,523,622.19 49,735,188.05
and joint venture
Income from
derecognition of financial assets -16,002,875.89 -29,647,779.64
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
117,714,363.64 105,132,346.76
value (Loss to be filled in with “-”)
Loss on credit impairment
-588,623,167.38 -265,326,203.76
(Loss to be filled in with “-”)
Asset impairment loss (Loss
-191,879,149.30 -183,034,634.79
to be filled in with “-”)
Income from disposal of
-6,224,564.66 3,656,865.33
assets (Loss to be filled in with “-”)
III. Operating profit (Loss to be filled
1,542,750,390.03 1,565,401,239.97
in with “-”)
Add: Non-operating income 166,301,889.41 163,192,725.57
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Report for Third Quarter of 2024
Less: Non-operating expense 89,106,096.45 40,474,339.76
IV. Total profits (Total losses to be
1,619,946,182.99 1,688,119,625.78
filled in with “-”)
Less: Income tax expense 169,787,609.89 229,453,951.44
V. Net profit (Net loss to be filled in
1,450,158,573.10 1,458,665,674.34
with “-”)
(I) Classified by sustainability operation
1. Net profit from sustainable
operation (Net loss to be filled in 1,450,158,573.10 1,458,665,674.34
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 889,756,906.37 1,181,200,576.03
(Net loss to be filled in with “-”)
2. Minority interest income
560,401,666.73 277,465,098.31
(Net loss to be filled in with “-”)
VI. Net-of-tax other comprehensive
-91,012,332.13 42,863,570.43
income
(I) Net-of-tax other comprehensive
income attributable to the parent -90,937,513.59 23,395,813.15
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 reclassified as profit and -90,937,513.59 23,395,813.15
income
(1) Other comprehensive
-25,821.15 -10,475.10
income that can be transferred to
13 / 17
Report for Third Quarter of 2024
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
bonds
(5) Reserve for cash flow hedge -24,045,049.05 -51,008,076.03
(6) Translation difference of
foreign currency financial -66,866,643.39 74,414,364.28
statements
(7) Others
(II) Net-of-tax other
comprehensive income attributable -74,818.54 19,467,757.28
to the minority
VII. Total comprehensive income 1,359,146,240.97 1,501,529,244.77
(I) Total comprehensive income
attributable to the owners of the 798,819,392.78 1,204,596,389.18
parent company
(II) Total comprehensive income
560,326,848.19 296,932,855.59
attributable to the minority
VIII. Earnings per share:
(I) Basic earnings per share
0.28 0.47
(Yuan/share)
(II) Diluted earnings per share
0.28 0.46
(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: Su
Zhuquan Leading member of accounting body: Lin Jing
Consolidated Cash Flow Statement
January – September, 2024
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
14 / 17
Report for Third Quarter of 2024
First Three Quarters First Three Quarters
Item (January – September) of (January – September) of
2024 2023
I. Cash flow from operating activities:
Cash receiving from sales of goods and
325,728,845,048.28 434,863,290,609.69
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 876,933,125.29 437,890,162.41
Other cash received in relation to operating
2,251,954,381.85 1,088,570,930.09
activities
Subtotal of cash inflow from operating
328,857,732,555.42 436,389,751,702.19
activities
Cash paid for sales of goods and rendering
321,183,579,569.61 427,362,776,096.62
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
15 / 17
Report for Third Quarter of 2024
Cash paid for policy dividend
Cash paid to and for the employees 1,781,336,712.78 1,850,356,782.35
Taxes paid 1,518,120,782.19 2,285,598,011.74
Other cash paid in relation to operating
3,859,352,336.07 3,291,510,917.73
activities
Subtotal of cash outflow from operating
328,342,389,400.65 434,790,241,808.44
activities
Net cash flow from operating activities 515,343,154.77 1,599,509,893.75
II. Cash flow from investment activities
Cash receiving from investment withdrawal 5,499,375,956.76 4,849,062,017.86
Cash receiving from return on investment 86,460,877.27 87,199,295.74
Net amount of cash receiving from disposal
of fixed assets, intangible assets, and other 90,333,478.14 20,763,280.86
long-term assets
Net amount of cash receiving from disposal
36,341,199.79
of subsidiary and other business unit
Other cash receiving related to investment
4,250,388.57
activities
Subtotal of cash inflow from investment
5,712,511,511.96 4,961,274,983.03
activities
Cash paid to acquire fixed assets,
1,435,043,912.96 960,478,969.15
intangible assets, and other long-term assets
Cash paid to acquire investment 4,735,189,863.36 1,965,031,951.88
Net increase in pledge loan
Net amount of cash paid to acquire
subsidiary and other business unit
Other cash paid related to investment
102,349,975.03 97,904.00
activities
Subtotal of cash outflow from investment
6,272,583,751.35 2,925,608,825.03
activities
Net cash flow from investment
-560,072,239.39 2,035,666,158.00
activities
III. Cash flow from financing activities:
Cash received from investment by others 5,107,877,248.12 6,492,553,593.24
Including: Cash received from subsidiary
574,521,323.12 1,583,457,537.24
investments from minority shareholders
Cash receiving from borrowings 67,596,939,888.32 81,142,879,901.43
Other cash receiving related to financing
1,736,191,982.88 2,114,079,779.30
activities
Subtotal of cash inflow from financing
74,441,009,119.32 89,749,513,273.97
activities
Cash paid for repayment of debt 66,592,119,283.30 79,747,609,447.63
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Report for Third Quarter of 2024
Cash paid for distribution of dividend, profit
2,385,350,324.82 3,740,252,775.79
or payment of interest
Including: Dividend and profit paid by
603,438,070.62 953,670,286.28
subsidiary to minority shareholders
Other cash paid relating to financing
7,786,612,281.31 5,116,259,368.68
activities
Subtotal of cash outflow from financing
76,764,081,889.43 88,604,121,592.10
activities
Net cash flow from financing activities -2,323,072,770.11 1,145,391,681.87
IV. Effect of exchange rate changes on
-148,835,832.19 95,027,381.00
cash and cash equivalents
V. Net increase in cash and cash
-2,516,637,686.92 4,875,595,114.62
equivalents
Add: Beginning balance of cash and cash
19,501,933,090.88 15,648,477,435.10
equivalents
VI. Ending balance of cash and cash
16,985,295,403.96 20,524,072,549.72
equivalents
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Su
Zhuquan Leading member of accounting body: Lin Jing
The implementation of new accounting standards or the new interpretations to the accounting
standards since 2024 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, 2024
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