[三季报]飞亚达Ｂ:2021年第三季度报告（英文版）
原标题:飞亚达Ｂ:2021年第三季度报告（英文版） Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2021-092 FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report The Company and all members of the Board of Directors ensure that the information disclosed is authentic, accurate and complete, and there are no false records, misleading statements or significant omissions. Important Notice: 1. The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individually and collectively accept responsibility for the correctness, accuracy and completeness of the contents of this report and confirm that there are neither material omissions nor errors which would render any statement misleading. 2. The Company leader, the chief financial officer, and the manager of the accounting department (treasurer) hereby confirm the authenticity, accuracy and completeness of the financial report enclosed in this Quarter Report. 3. Has the Third Quarter Report been audited No I. Financial Highlights (I) Summary of Accounting/Financial Data Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous year No Reporting period Increase/decrease in the reporting period vs the same period of the previous year From year beginning to the end of the reporting period Increase/decrease from year beginning to the end of the reporting period vs the same period of the previous year Revenue, in CNY 1,307,278,222.69 -4.06% 4,084,797,744.03 38.73% Net profit attributable to the Company’s shareholders, in CNY 109,034,679.41 -20.44% 342,579,405.96 59.50% Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY 104,537,027.94 -19.42% 328,333,261.36 65.50% Net cash flows arising from operating activities, in CNY —— —— 368,210,753.30 70.35% Basic earning per share, in CNY/share 0.2574 -18.67% 0.7995 61.84% Diluted earning per share, in CNY/share 0.2574 -18.67% 0.7995 61.84% Return on equity, weighted average 3.75% -1.24% 11.84% 3.93% End of the reporting period End of the previous year Increase/decrease at the end of the year vs the end of the previous year Total assets , in CNY 4,145,244,323.84 4,018,712,700.18 3.15% Owner’s equity attributable to the Company’s shareholders, in CNY 2,968,058,560.23 2,799,948,388.09 6.00% (II) Non-recurring gain/loss items and the amount involved In CNY Items Amount in the reporting period Amount from year beginning to the end of the reporting period Note Gain/loss from disposal of non-current assets, including the part written-off with the provision for impairment of assets. -106,887.07 -180,694.53 The government subsidies included in the profits and losses of the current period (excluding government grants which are closely related to the Company’s normal business and conform with the national standard amount or quantity) 6,182,455.48 18,295,951.76 Reversal of provision for impairment of accounts receivable that has been separately tested for impairment 976,332.27 Other non-operating income and expenses other than the aforesaid items -456,482.95 -1,044,173.80 Less: Amount affected by the income tax 1,121,433.99 3,801,271.10 Total 4,497,651.47 14,246,144.60 -- Details of other gains and losses in compliance with the definition of non-recurring gains and losses. Inapplicable Explanation of the non-recurring gains and losses listed in the CSRC Announcement [2008] No.43 -- Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public as recurring gains and losses Inapplicable (III) Statement of Change in the Major Accounting Data and Financial Indicators and the Causes (I) Consolidated Balance Sheet Items Items End of the reporting period End of the previous year Variation proportion Cause of the movement Other current assets 42,586,423.95 75,935,141.76 -43.92% Mainly due to the decrease in retained value- added tax over the beginning of the year. Use right assets 145,353,524.96 - - Mainly due to the influence from the implementation of the new standards for lease in the current year. Other non-current assets 48,475,040.61 13,536,307.13 258.11% Mainly due to the increase in advance payment for the purchase of office properties. Short term loans 372,777,721.19 542,673,278.09 -31.31% Mainly due to the repayment of part of the due borrowings. Other payables 223,584,214.88 128,577,597.94 73.89% It was mainly due to the increase in repurchase obligations brought about by the implementation of the second phase of the equity incentive plan and the increase in associated revenue which resulted in the increase in payable costs of shopping mall. Non-current liabilities due within a year 92,008,265.22 370,030.00 24765.08% Mainly due to the influence from the implementation of the new standards for lease in the current year. Lease liabilities 55,169,067.99 - - Mainly due to the influence from the implementation of the new standards for lease in the current year. Other comprehensive income -6,867,832.78 976,871.41 -803.04% Mainly due to the influence from the change of the translation balance of foreign currency statements. (II) Consolidation of the profit statement items of the beginning of the year to that of the end of the reporting period Items Amount incurred in the reporting period Amount incurred in the previous period Variation proportion Cause of the movement Operating revenue 4,084,797,744.03 2,944,433,436.00 38.73% Mainly due to the increase in sales of the principal businesses. Taxes and surcharges 26,025,661.25 14,676,717.58 77.33% Mainly due to the increase in value-added tax corresponding to the increase in sales. Loss from impairment of credit -1,039,778.07 -5,172,056.86 79.90% Mainly due to the decrease in provision of accounts receivable compared with the same period last year. (III) Cash flow statement items from the beginning of the year to the end of the reporting period Items Amount incurred in the reporting period Amount incurred in the previous period Variation proportion Cause of the movement Cash received from sales of goods and supply of services 4,500,004,848.59 3,097,232,379.30 45.29% Mainly due to the increase in sales of the principal businesses. Rebated taxes received 332,318.54 1,592,055.84 -79.13% Mainly due to the impact of COVID-19, the export tax rebated decreased due to the decline in overseas business income. Cash paid for purchase of goods and reception of labor services 2,996,540,264.43 2,086,461,819.63 43.62% Mainly due to growth of goods procurement for the retail business of HARMONY World Watch Various taxes paid 248,687,302.73 121,220,554.66 105.15% Mainly due to the increase in value-added tax and business income tax corresponding to the increase in sales. Cash paid for purchase/construction of fixed assets, intangible assets and other long term assets 154,549,937.25 90,396,549.63 70.97% Mainly due to the increase in expenses for store refurbishment. Cash received from absorbing investment 58,216,000.00 - - Mainly due to the implementation of the equity incentive scheme Phase II. Cash paid for dividend/profit distribution or repayment of interest 187,013,299.32 104,338,909.03 79.24% Mainly due to increase of the cash dividends. Other fund-raising activity related cash payments 58,958,288.96 44,625,838.93 32.12% Mainly due to the impact of the changes in the accounting requirements of the new lease standard. II. Information of the Shareholders (I) Total number of the common shareholders and preference shareholders whose voting rights are restored and shares held by the top 10 shareholders In shares Total common shareholders at the end of the reporting period 31,945 Total preference shareholders with the voting power recovered at the end of the reporting period (if any) 0 Shareholding by top 10 shareholders Names of the Shareholders Nature of the shareholder Shareholding proportion Number of shares held Number of the restricted shares held Pledging, marking or freezing Status of the shares Quantity AVIC International Holding Limited State corporate 38.23% 162,977,327 0 Bank of China Ltd.- Penghua Huizhi Optimized Hybrid Securities Investment Fund Domestic non-state- owned legal person 3.09% 13,190,494 0 Guoxin Investment Co., Ltd. State corporate 1.82% 7,739,898 0 Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) Domestic non-state- owned legal person 1.16% 4,947,442 0 Bank of China Ltd. - Penghua High Quality Growth Hybrid Securities Domestic non-state- owned legal person 1.08% 4,601,634 0 Investment Fund Huatai Securities Co., Ltd. State corporate 0.59% 2,508,866 0 GF Fund－Guoxin Investment Co., Ltd. －GF Fund－GUO XIN No. 6（QDII） Single Asset Management Plan" Domestic non-state- owned legal person 0.49% 2,091,001 0 Construction Bank of China - Penghua Selected Growth Hybrid Securities Investment Fund Domestic non-state- owned legal person 0.47% 2,020,734 0 Qiu Hong Domestic natural person 0.47% 2,000,000 0 Wanlian Securities Co., Ltd. State corporate 0.33% 1,400,000 0 Shares held by top 10 shareholders of unrestricted shares Names of the Shareholders Quantity of unrestricted shares held Share type Share type Quantity AVIC International Holding Limited 162,977,327 CNY ordinary shares 162,977,327 Bank of China Ltd. - Penghua Huizhi Optimized Hybrid Securities Investment Fund 13,190,494 CNY ordinary shares 13,190,494 Guoxin Investment Co., Ltd. 7,739,898 CNY ordinary shares 7,739,898 Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) 4,947,442 CNY ordinary shares 4,947,442 Bank of China Ltd. - Penghua High Quality Growth Hybrid Securities Investment Fund 4,601,634 CNY ordinary shares 4,601,634 Huatai Securities Co., Ltd. 2,508,866 CNY ordinary shares 2,508,866 GF Fund－Guoxin Investment Co., Ltd. －GF Fund－GUO XIN No. 6（QDII）Single Asset Management Plan" 2,091,001 CNY ordinary shares 2,091,001 Construction Bank of China - Penghua Selected Growth Hybrid Securities Investment Fund 2,020,734 CNY ordinary shares 2,020,734 Qiu Hong 2,000,000 CNY ordinary shares 2,000,000 Wanlian Securities Co., Ltd. 1,400,000 CNY ordinary shares 1,400,000 Explanation on associated relationship or consistent action of the above shareholders Inapplicable Note to the top 10 shareholders involved in margin financing & securities lending (if any) Inapplicable (II) Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders Inapplicable III. Note to other significant events (1) Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares) The 7th session of the Ninth Board of Directors held on July 6, 2020 and 2020 2nd Extraordinary General Meeting held on July 23, 2020, reviewed and approved the “Proposal for the Repurchase of Partial Domestically Listed Foreign Shares in the Company (B-shares)”. As of July 22, 2021 when the stock repurchase deadline expired, the Company accumulatively repurchased 8,994,086 shares in the Company through a centralized bidding method with the special account for the securities repurchased, accounting for 2.07% of the Company’s total share capital. The highest transaction price of the repurchased shares was HK$6.74 per share, and the lowest transaction price was HK$5.93/share, the total amount paid was HK$ 58,207,259.08 (with the transaction cost exclusive). For the detail, please refer to the “Announcement on the Completion of the Implementation of Certain Domestically Listed Foreign Investment Shares (B-Shares) as Repurchased and the Change of the Company’s Shares 2021-069” disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn on July 23, 2021. Ended August 3, 2021, the Company completed the cancellation of the shares repurchased. (2) Change of the CPAs The 32nd Session of the Ninth Board of Directors held on August 18, 2021 and 2021 4th Extraordinary General Meeting held on September 8, 2021 reviewed and approved the "Proposal on Change of the Accounting Firm". As the employment term of Grant Thornton LLP as the Company's auditor expired, according to the Company's business development requirements, in order to better promote the development of audit work, after comprehensive evaluation and prudent consideration, the Company decided to employ MOORE STEPHENS Da Hua Certified Public Accountants as the Company's auditor of the financial statements and internal control of year 2021. For the detail, refer to the relevant announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August 20, 2021 and September 09, 2021. (3) Financial Service Agreement with AVIC Finance Co., Ltd. The 32nd session of the 9th Board of Directors held on August 18, 2021 and 2021 4th Extraordinary General Meeting held on September 8, 2021, reviewed and approved the “Proposal on Signing a Financial Service Agreement with AVIC Finance Co., Ltd.”, and decided to sign the “Financial Service Agreement” with AVIC Finance. For the detail, refer to the relevant announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August 20, 2021 and September 9, 2021. (4) Election for the New Board of Directors and Supervisory Committee The 32nd session of the Ninth Board of Directors of the Company held on August 18, 2021 and 2021 4th Extraordinary General Meeting held on September 8, 2021, 2021 reviewed and approved the “Proposal on the Election of Non- Independent Directors for the Company's New Board of Directors” and the “Proposal on the Election of Independent Directors for the Company's New Board of Directors,” where Mr. Zhang Xuhua, Mr. Xiao Yi, Mr. Xiao Zhanglin, Mr. Li Peiyin, Mr. Deng Jianghu and Mr. Pan Bo were elected non-independent directors of the Company's Tenth Board of Directors; and Mr. Wang Jianxin, Mr. Zhong Hongming, and Mr. Tang Xiaofei were elected independent directors of the Company's Tenth Board of Directors. The 1st session of the Tenth Board of Directors of the Company held on September 8, 2021 elected Mr. Zhang Xuhua the Chairman of the Board. For the detail, refer to the relevant announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August 20, 2021 and September 09, 2021 respectively. The 28th session of the Ninth Supervisory Committee of the Company held on August 18, 2021 and 2021 4th Extraordinary General Meeting held on September 8, 2021 reviewed and approved the “Proposal on Election for the New Supervisory Committee of the Company” according to which Mr. Zheng Qiyuan and Ms. Cao Zhen were elected non-staff supervisors of the Tenth Supervisory Committee of the Company；the First Employees' Representatives Conference 2021 held on September 7, 2021 elected Ms. Hu Jing the employees’ representative supervisor of the Tenth Supervisory Committee of the Company; the 1st session of the Tenth Supervisory Committee elected Supervisor Zheng Qiyuan the Chairman of the Supervisory Committee of the Company. For the detail, refer to the relevant announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August 20, 2021 and September 9, 2021 respectively. IV. Quarterly Financial Statements (I) Financial Statements 1. Consolidated Balance Sheet Prepared by FIYTA Precision Technology Co., Ltd. September 30, 2021 In CNY Items September 30, 2021 December 31, 2020 Current assets: Monetary capital 231,727,548.84 353,057,285.71 Settlement reserve Inter-bank lending Transactional financial assets Derivative financial assets Notes receivable 54,744,041.87 48,192,442.15 Accounts receivable 465,808,725.35 475,598,684.88 Financing with accounts receivable Advance payment 21,531,296.99 16,612,773.76 Receivable premium Reinsurance accounts receivable Reserve for reinsurance contract receivable Other receivables 65,649,596.91 52,902,779.63 Including: Interest receivable Dividends receivable Redemptory monetary capital for sale Inventories 2,031,026,035.86 1,931,780,185.85 Contract assets Held-for-sale assets Non-current assets due within a year Other current assets 42,586,423.95 75,935,141.76 Total current assets 2,913,073,669.77 2,954,079,293.74 Non-current assets: Loan issuing and advance in cash Equity investment Other equity investment Long term accounts receivable Long-term equity investments 53,029,994.16 51,400,665.92 Investment in other equity instruments 85,000.00 85,000.00 Other non-current financial assets Investment-oriented real estate 386,536,288.24 398,086,447.78 Fixed assets 349,473,119.51 352,734,280.76 Construction-in-progress Productive biological asset Oil and Gas Assets Use right assets 145,353,524.96 Intangible assets 34,454,509.50 37,859,316.51 Development expenses Goodwill Long term expenses to be apportioned 142,931,599.58 130,017,587.99 Deferred income tax asset 71,831,577.51 80,913,800.35 Other non-current assets 48,475,040.61 13,536,307.13 Total non-current assets 1,232,170,654.07 1,064,633,406.44 Total assets 4,145,244,323.84 4,018,712,700.18 Current liabilities: Short term loans 372,777,721.19 542,673,278.09 Borrowings from the central bank Loans from other banks Transactional financial liabilities Derivative financial liabilities Notes payable 1,181,360.00 3,581,360.00 Accounts payable 216,706,197.57 301,211,515.39 Advance receipt 9,043,788.94 9,991,850.67 Contract liabilities 18,039,474.59 18,213,396.49 Money from sale of the repurchased financial assets Deposits taking and interbank placement Acting trading securities Income from securities underwriting on commission Payroll payable to the employees 102,779,107.82 132,853,462.20 Taxes payable 73,360,854.86 68,925,271.90 Other payables 223,584,214.88 128,577,597.94 Including: interest payable Dividends payable 5,015,026.30 1,639,513.77 Service charge and commission payable Payable reinsurance Held-for-sale liabilities Non-current liabilities due within a year 92,008,265.22 370,030.00 Other current liabilities 2,284,905.33 2,299,755.09 Total current liabilities 1,111,765,890.40 1,208,697,517.77 Non-current liabilities: Reserve for insurance contract Long-term borrowings 3,581,145.00 4,070,330.00 Bonds payable Including: preferred shares Perpetual bond Lease liabilities 55,169,067.99 Long-term accounts payable Long term payroll payable to the employees Estimated liabilities 48,368.34 Deferred income 2,377,718.35 2,916,346.43 Deferred income tax liability 4,243,573.53 3,067,834.55 Other non-current liabilities Total non-current liabilities 65,419,873.21 10,054,510.98 Total liabilities 1,177,185,763.61 1,218,752,028.75 Owner’s equity: Capital stock 426,263,066.00 428,091,881.00 Other equity instruments Including: preferred shares Perpetual bond Capital reserve 1,038,716,410.42 1,021,490,387.78 Less: shares in stock 65,833,649.70 61,633,530.48 Other comprehensive income -6,867,832.78 976,871.41 Special reserve 717,743.80 Surplus reserve 246,531,866.87 246,531,866.87 Reserve against general risks Retained earnings 1,328,530,955.62 1,164,490,911.51 Total owners’ equity attributable to the parent company 2,968,058,560.23 2,799,948,388.09 Minority shareholders’ equity 12,283.34 Total owner’s equity 2,968,058,560.23 2,799,960,671.43 Total liabilities and owners’ equity 4,145,244,323.84 4,018,712,700.18 Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui 2. Consolidation of the Profit Statement from the Beginning of the Year to the End of the Reporting Period In CNY Items Amount incurred in the reporting period Amount incurred in the previous period I. Turnover 4,084,797,744.03 2,944,433,436.00 Including: operating income 4,084,797,744.03 2,944,433,436.00 Interest income Earned insurance premium Service charge and commission income II. Total operating costs 3,655,882,863.34 2,699,924,997.52 Including: Operating costs 2,549,686,797.59 1,820,668,961.39 Interest payment Service charge and commission payment Surrender Value Compensation expenses, net Provision of reserve for insurance liabilities, net Payment of policy dividend Reinsurance expenses Taxes and surcharges 26,025,661.25 14,676,717.58 Sales costs 823,138,774.82 641,091,464.49 Administrative expenses 189,433,471.27 162,278,170.13 R & D expenditures 40,145,686.42 34,765,728.41 Financial expenses 27,452,471.99 26,443,955.52 Where: Interest cost 18,551,509.47 19,457,991.26 Interest income 2,906,297.16 3,470,874.47 Plus: Other income 16,161,926.11 20,135,145.46 Investment income (loss is stated with “-”) 1,629,328.24 2,160,911.92 Including: return on investment in associate and joint venture 1,629,328.24 2,160,911.92 Gain from the derecognition of the financial assets measured at amortised cost Exchange income (loss stated with “-“) Net exposure hedge income (loss stated with “-“) Income from change of fair value (loss is stated with “-”) Loss from impairment of credit (loss is stated with “-”) -1,039,778.07 -5,172,056.86 Loss from impairment of assets (loss is stated with “-”) -1,200,014.39 Income from disposal of assets (loss is stated with “-“) -180,694.53 -376,069.86 III. Operating Profit (loss is stated with “-“) 444,285,648.05 261,256,369.14 Plus: Non-operating income 252,422.44 1,695,948.59 Less: Non-operating expenses 1,296,596.24 407,657.11 IV. Total profit (total loss is stated with “-”) 443,241,474.25 262,544,660.62 Less: Income tax expense 100,642,011.01 47,750,281.08 V. Net Profit (net loss is stated with “-“) 342,599,463.24 214,794,379.54 (I) Classification based on operation sustainability 1. Net profit from sustainable operation (net loss is stated with “-”) 342,599,463.24 214,794,379.54 2. Net profit from termination of operation (net loss is stated with “-”) (II) Classification by ownership 1. Net profit attributable to the parent company’s owner 342,579,405.96 214,787,284.13 2. Minority shareholders’ gain/loss 20,057.28 7,095.41 VI. Net of other comprehensive income after tax -7,877,044.81 1,989,173.17 Net of other comprehensive income after tax attributable to the parent company’s owner -7,844,704.19 1,982,256.00 (I) Other comprehensive income which cannot be re-classified into gain and loss 1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan 2. Other comprehensive income which can be converted into gain and loss based on the equity method 3. Movement of the fair value of the investment in other equity instruments 4. Movement of the fair value of the Company’s own credit risk 5. Others (II) Other comprehensive income which shall be re-classified into gain and loss -7,844,704.19 1,982,256.00 1. Other comprehensive income which can be converted into gain and loss based on the equity method 2. Movement of the fair value of the investment in other debt instruments 3. Amount of the reclassified financial assets counted to the other comprehensive income 4. Provision for impairment of the credit of the other debt investment 5. Reserve for cash flow hedge 6. Conversion difference in foreign currency statements -7,844,704.19 1,982,256.00 7. Others Net amount of other comprehensive income after tax attributable to minority shareholders -32,340.62 6,917.17 VII. Total comprehensive income 334,722,418.43 216,783,552.71 Total comprehensive income attributable to the parent company’s owner 334,734,701.77 216,769,540.13 Total comprehensive income attributable to minority shareholders -12,283.34 14,012.58 VIII. Earnings per share: (I) Basic earnings per share 0.7995 0.4940 (II) Diluted earnings per share 0.7995 0.4940 Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui 3. Consolidation of the Cash Flow Statement from the Beginning of the Year to the End of the Reporting Period In CNY Items Amount incurred in the reporting period Amount incurred in the previous period I. Cash flows arising from operating activities: Cash received from sales of goods and supply of services 4,500,004,848.59 3,097,232,379.30 Net increase of customers’ deposit and due from banks Net increase of borrowings from the central bank Net increase of borrowings from other financial institutions Cash received from the premium of the original insurance contract Net cash received from the reinsurance business Net increase of the reserve from policy holders and investment Cash received from interest, service charge and commission Net increase of loan from other banks Net increase of fund from repurchase business Net cash received from securities trading on commission Rebated taxes received 332,318.54 1,592,055.84 Other operation activity related cash receipts 58,259,556.53 52,861,160.51 Subtotal of cash flow in from operating activity 4,558,596,723.66 3,151,685,595.65 Cash paid for purchase of goods and reception of labor services 2,996,540,264.43 2,086,461,819.63 Net increase of loans and advances to customers Net increase of due from central bank and due from other banks Cash from payment for settlement of the original insurance contract Net increase of the lending capital Cash paid for interest, service charge and commission Cash for payment of policy dividend Cash paid to and for staff 555,033,234.59 429,628,382.76 Various taxes paid 248,687,302.73 121,220,554.66 Other operation activity related cash payments 390,125,168.61 298,226,010.81 Subtotal of cash flow out from operating activity 4,190,385,970.36 2,935,536,767.86 Net cash flows arising from operating activities 368,210,753.30 216,148,827.79 II. Cash flow arising from investment activities: Cash received from recovery of investment Cash received from investment income Net cash from disposal of fixed assets, intangible assets and recovery of other long term assets 43,107.14 84,522.81 Net cash received from disposal of subsidiaries and other operating units Other investment related cash receipts Subtotal of cash flow in from investment activity 43,107.14 84,522.81 Cash paid for purchase/construction of fixed assets, Intangible assets and other long term assets 154,549,937.25 90,396,549.63 Cash paid for investment Net increase of the pledged loan Net cash paid for acquisition of subsidiaries and other operation units Other investment activity related cash payments Subtotal of cash flow out from investment 154,549,937.25 90,396,549.63 activity Net cash flow arising from investment activities: -154,506,830.11 -90,312,026.82 III. Cash flow arising from fund-raising activities: Cash received from absorbing investment 58,216,000.00 Incl.: Cash received from the subsidiaries’ absorption of minority shareholders’ investment Cash received from loans 950,175,970.17 722,430,000.00 Other fund-raising activity related cash receipts Subtotal of cash flow in from fund raising activity 1,008,391,970.17 722,430,000.00 Cash paid for debt repayment 1,096,639,047.51 574,529,887.95 Cash paid for dividend/profit distribution or repayment of interest 187,013,299.32 104,338,909.03 Including: Dividend and profit paid by the subsidiaries to minority shareholders Other fund-raising activity related cash payments 58,958,288.96 44,625,838.93 Sub-total cash flow paid for financing activities 1,342,610,635.79 723,494,635.91 Net cash flow arising from fund-raising activities -334,218,665.62 -1,064,635.91 IV. Change of exchange rate influencing the cash and cash equivalent -814,994.44 -598,916.46 V. Net increase of cash and cash equivalents -121,329,736.87 124,173,248.60 Plus: Opening balance of cash and cash equivalents 353,057,285.71 315,093,565.09 VI. Ending balance of cash and cash equivalents 231,727,548.84 439,266,813.69 Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui (II) Notes to the Adjustment of Financial Statements 1. The Company started implementing the updated standards for lease commencing from 2021 and adjusted the relevant items of the financial statements at the beginning of the very year involved in the initial implementation of the said standards Is it necessary to adjust the items of the balance sheet at the year beginning Yes Consolidated Balance Sheet In CNY Items December 31, 2020 January 01, 2021 Amount involved in the adjustment Current assets: Monetary capital 353,057,285.71 353,057,285.71 Settlement reserve Inter-bank lending Transactional financial assets Derivative financial assets Notes receivable 48,192,442.15 48,192,442.15 Accounts receivable 475,598,684.88 475,598,684.88 Financing with accounts receivable Advance payment 16,612,773.76 16,612,773.76 Receivable premium Reinsurance accounts receivable Reserve for reinsurance contract receivable （未完）  |