深纺织Ｂ:2021年年度审计报告（英文版）
原标题:深纺织Ｂ:2021年年度审计报告（英文版） Shenzhen Textile (Holdings) Co., Ltd. Auditor’s Report Grant Thornton International Ltd（Special General Partnership） Table of contents Auditor’ s Report 1-4 Consolidated and Company Balance sheet 5-11 Consolidated and company Income statement 12-14 Consolidated and company Cash flow statement 15-19 Consolidated and company Statement on Change in Owners’Equity 20-24 Notes to financial statements 25-134 Grant Thornton International Ltd（Special General Partnership） 5/F, Scitech Plaza, 22 Jianguomenwai Street, Chaoyang District, Beijing Zip Code:100044 Tel：86-10 8566 5588 Fax：86-10085665120 www.grantthornton.cn Auditor’ s Report Zhi Tong Shen Zi（2022）No.441A002000 To all shareholders of Shenzhen Textile (Holdings) Co., Ltd： I. Opinion We have audited the financial statements of Shenzhen Textile (Holdings) Co., Ltd . (hereinafter referred to as "the Company"), which comprise the balance sheet as at December 31, 2021, and the income statement, the statement of cash flows and the statement of changes in owners' equity for the year then ended and notes to the financial statements. In our opinion, the attached financial statements are prepared, in all material respects, in accordance with Accounting Standards for Business Enterprises and present fairly the financial position of the Company as at December 31, 2021 and its operating results and cash flows for the year then ended. II. Basis for Our Opinion We conducted our audit in accordance with the Auditing Standards for Certified Public Accountants in China. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. According to the Code of Ethics for Chinese CPA, we are independent of the Company in accordance with the Code of Ethics for Chinese CPA and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. III. Key Audit Matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. (1) Recognition of revenue Please refer to Note V, 26 and Note VII, 42 to the financial statement for details of the relevant information disclosure. 1.Description of matters The operating income of Shenzhen Textile in 2021 was RMB 2,293.7479 million, of which the main business income was RMB 2,265.9906 million, accounting for 98.79%. As revenue is one of the key performance indicators of Shenzhen Textile, there is inherent risk that the Company's management manipulates revenue recognition in order to achieve specific goals or expectations, and since the main business income is large, we identify revenue recognition as a key audit item. 2. Response to the audit For revenue recognition, we mainly implemented the following audit procedures: (1) Understand, evaluate and test the design effectiveness and operation effectiveness of internal control related to sales revenue cycle; (2) Obtain the main sales contracts according to the products and business types, check the relevant clauses related to revenue recognition, and interview the management to evaluate whether the revenue recognition meets the requirements of accounting standards; (3) Implement analytical procedures, compare the changes of income between this year and last year according to product types, observe the fluctuations of income between months and the changes of important customers in this period, and analyze the rationality of income changes based on factors such as the company's production capacity, market expansion and industry trends; (4) Perform detailed tests to check whether the basis related to sales revenue recognition is sufficient, including checking sales contracts or performing detailed tests, including checking sales contracts or orders, delivery orders, customs declarations and other supporting documents, evaluate the authenticity and accuracy of revenue recognition, and evaluate the authenticity and accuracy of revenue recognition; (5) Perform cut-off test to evaluate whether income is recorded in the proper accounting period; (6) Select samples from major customers on this recognition procedures, and perform alternative tests on the non-replied parts to judge the authenticity of sales revenue. (2) Inventory falling price reserves Please refer to Note V, 12 and Note VII, 8 to the financial statement for details of the relevant information disclosure. 1.Description of matters As of December 31, 2021, the balance of inventory depreciation reserve of Shenzhen Textile is RMB 98.0359 million. As the inventory depreciation reserve and its changes have a significant influence on the financial statements, the determination of the net realizable value of inventory involves the major judgment and estimation of the management, so we identify the inventory depreciation reserve as a key audit item. 2. Response to the audit The audit process implemented for inventory falling price reserves includes mainly: (1) Understand, evaluate and test the design and operation effectiveness of internal control related to inventory depreciation reserve; (2) Understand and evaluate the appropriateness of the Company's accrual policy for inventory depreciation reserve; (3) Understand and inquire about inventory storage location and inventory accounting method, and determine the scope of inventory supervision; Implement inventory supervision procedures to check whether the inventory is damaged, obsolete, outdated, defective, etc.; (4) Obtain the inventory year-end inventory age list, and carry out analytical review of inventory age according to the status of products to analyze whether the inventory depreciation reserve is reasonable; (5) Review and evaluate the rationality of the major estimates made by the management when determining the net realizable value; (6) Obtain the calculation table of inventory depreciation reserve, check whether the accrual of inventory depreciation reserve is implemented according to relevant accounting policies, and recalculate the inventory depreciation reserve; Check the changes of inventory depreciation accrued in previous years, evaluate the rationality of estimated selling price and estimated related taxes and fees as key parameters of net realizable value, review the sufficiency of basis of estimated selling price, and analyze the rationality of inventory depreciation reserve. IV. Other information The management of the Company is responsible for the other information. The other information comprises information of the Company's annual report in 2021, but excludes the financial statements and our auditor's report. Our opinion on the financial statements does not cover the other information and we do not and will not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed on the other information that we obtained prior to the date of this auditor's report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard V. Responsibilities of Management and Those Charged with Governance for the Financial Statements The Company's management is responsible for preparing the financial statements in accordance with the requirements of Accounting Standards for Business Enterprises to achieve a fair presentation, and for designing, implementing and maintaining internal control that is necessary to ensure that the financial statements are free from material misstatements, whether due to frauds or errors. In preparing the financial statements, management of the Company is responsible for assessing the Company's ability to continue as a going concern, disclosing matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Company's financial reporting process. VI. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the audit standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: (1) Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, omissions, misrepresentations, or the override of internal control. (2) Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. (3) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management of the Company. (4) Conclude on the appropriateness of using the going concern assumption by the management of the Company, and conclude, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. (5) Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. (6) Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the financial statements and bear all liability for the opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit matters, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Grant Thornton International Ltd.(Special General Partnership ） Chinese C.P.A.： Project Partner Chinese C.P.A.： Beijing China March 15,2022 Consolidated balance sheet Prepared by: Shenzhen Textile (Holdings) Co., Ltd. In RMB Items December 31,2021 December 31,2020 Current asset： Monetary fund 302,472,828.60 279,087,236.95 Settlement provision Outgoing call loan Transactional financial assets 586,540,735.16 684,617,260.06 Derivative financial assets Note receivable 149,942,880.28 16,813,657.28 Account receivable 479,998,708.57 547,310,217.90 Financing of receivables 21,474,101.07 102,051,314.08 Prepayments 15,406,619.53 16,902,516.39 Insurance receivable Reinsurance receivable Provisions of Reinsurance contracts receivable Other account receivable 140,185,750.40 5,265,002.71 Including：Interest receivable Dividend receivable Repurchasing of financial assets Inventories 667,461,447.03 480,847,581.44 Contract assets Assets held for sales Non-current asset due within 1 year Other current asset 29,503,352.42 77,482,083.47 Total of current assets 2,392,986,423.06 2,210,376,870.28 Non-current assets： Loans and payment on other’s behalf disbursed Creditor's right investment Other creditor's right investment Long-term receivable Long term share equity investment 133,022,325.77 147,929,137.23 Other equity instruments investment 186,033,829.72 190,607,427.54 Other non-current financial assets 30,650,943.40 30,650,943.40 Real estate investment 106,217,779.76 110,572,471.92 Fixed assets 2,424,741,252.86 790,183,905.38 Construction in progress 71,482,031.08 1,301,750,141.12 Production physical assets Oil & gas assets Use right assets 9,221,189.37 Intangible assets 48,635,160.00 36,048,978.91 Development expenses Goodwill Long-germ expenses to be amortized 5,387,295.94 2,876,561.53 Deferred income tax asset 3,708,596.78 5,243,425.26 Other non-current asset 84,560,280.09 143,307,689.66 Total of non-current assets 3,103,660,684.77 2,759,170,681.95 Total of assets 5,496,647,107.83 4,969,547,552.23 Current liabilities Short-term loans 37,575,113.83 Loan from Central Bank Borrowing funds Transactional financial liabilities Derivative financial liabilities Notes payable 16,682,324.12 Account payable 283,643,842.23 329,468,601.90 Advance receipts 1,805,311.57 3,542,394.33 Contract liabilities 68,955.21 279,631.27 Selling of repurchased financial assets Deposit taking and interbank deposit Entrusted trading of securities Entrusted selling of securities Employees’ wage payable 59,719,860.24 55,642,549.53 Tax payable 9,200,627.09 12,198,522.02 Other account payable 201,317,421.35 156,118,440.42 Including：Interest payable Dividend payable Fees and commissions payable Reinsurance fee payable Liabilities held for sales Non-current liability due within 1 year 5,175,393.52 Other current liability 27,523,903.58 Total of current liability 642,712,752.74 557,250,139.47 Non-current liabilities： Reserve fund for insurance contracts Long-term loan 683,016,243.25 343,100,174.35 Bond payable Including：preferred stock Sustainable debt Lease liability 4,243,855.71 Long-term payable Long-term remuneration payable to staff Expected liabilities 30,741,055.00 Deferred income 110,461,293.15 110,740,322.21 Deferred income tax liability 61,642,660.91 59,141,666.58 Other non-current liabilities Total non-current liabilities 890,105,108.02 512,982,163.14 Total of liability 1,532,817,860.76 1,070,232,302.61 Owners’ equity Share capital 506,521,849.00 507,772,279.00 Other equity instruments Including：preferred stock Sustainable debt Capital reserves 1,961,599,824.63 1,967,514,358.53 Less：Shares in stock 7,525,438.20 Other comprehensive income 119,682,119.05 116,605,932.42 Special reserve Surplus reserves 98,245,845.47 94,954,652.14 Common risk provision Retained profit 130,746,251.74 86,912,390.50 Total of owner’s equity belong to the parent company 2,816,795,889.89 2,766,234,174.39 Minority shareholders’ equity 1,147,033,357.18 1,133,081,075.23 Total of owners’ equity 3,963,829,247.07 3,899,315,249.62 Total of liabilities and owners’ equity 5,496,647,107.83 4,969,547,552.23 Legal Representative: Person-in-charge of the accounting work： Person-in -charge of the accounting organ： Parent Company Balance Sheet In RMB Items December 31,2021 December 31,2020 Current asset： Monetary fund 130,270,313.58 113,560,327.21 Transactional financial assets 586,540,735.16 514,277,000.82 Derivative financial assets Note receivable Account receivable 7,935,911.24 1,461,400.20 Financing of receivables Prepayments 18,706.17 Other account receivable 14,383,631.68 7,450,934.40 Including：Interest receivable Dividend receivable Inventories 39,131.60 8,808.00 Contract assets Assets held for sales Non-current asset due within 1 year Other current asset Total of current assets 739,169,723.26 636,777,176.80 Non-current assets： Creditor's right investment Other creditor's right investment Long-term receivable Long term share equity investment 2,089,070,531.86 2,103,977,343.32 Other equity instruments investment 169,974,388.84 177,142,433.45 Other non-current financial assets Real estate investment 98,174,132.57 101,644,481.93 Fixed assets 20,255,108.56 21,876,099.34 Construction in progress Production physical assets Oil & gas assets Use right assets Intangible assets 454,036.00 492,923.62 Development expenses Goodwill Long-germ expenses to be amortized Deferred income tax asset 3,672,545.57 5,097,360.00 Other non-current asset 55,790,497.23 96,871,196.43 Total of non-current assets 2,437,391,240.63 2,507,101,838.09 Total of assets 3,176,560,963.89 3,143,879,014.89 Current liabilities Short-term loans Transactional financial liabilities Derivative financial liabilities Notes payable Account payable 411,743.57 411,743.57 Advance receipts 639,024.58 2,875,936.58 Contract liabilities Employees’ wage payable 16,712,946.96 14,824,723.81 Tax payable 1,943,470.48 11,497,591.21 Other account payable 116,648,650.39 95,023,378.12 Including：Interest payable Dividend payable Liabilities held for sales Non-current liability due within 1 year Other current liability Total of current liability 136,355,835.98 124,633,373.29 Non-current liabilities： Long-term loan Bond payable Including：preferred stock Sustainable debt Lease liability Long-term payable Long-term remuneration payable to staff Expected liabilities Deferred income 400,000.00 500,000.00 Deferred income tax liability 58,002,800.69 56,150,418.06 Other non-current liabilities Total non-current liabilities 58,402,800.69 56,650,418.06 Total of liability 194,758,636.67 181,283,791.35 Owners’ equity Share capital 506,521,849.00 507,772,279.00 Other equity instruments Including：preferred stock Sustainable debt Capital reserves 1,577,392,975.96 1,583,307,509.86 Less：Shares in stock 7,525,438.20 Other comprehensive income 108,762,538.39 107,632,186.85 Special reserve Surplus reserves 98,245,845.47 94,954,652.14 Retained profit 690,879,118.40 676,454,033.89 Total of owners’ equity 2,981,802,327.22 2,962,595,223.54 Total of liabilities and owners’ equity 3,176,560,963.89 3,143,879,014.89 Legal Representative: Person-in-charge of the accounting work： Person-in -charge of the accounting organ： Consolidated Income statement In RMB Items Year 2021 Year 2020 I. Income from the key business 2,293,747,892.06 2,108,964,687.80 Incl：Business income 2,293,747,892.06 2,108,964,687.80 Interest income Insurance fee earned Fee and commission received II. Total business cost 2,182,483,548.35 2,030,833,538.40 Incl：Business cost 1,908,519,413.28 1,814,298,395.02 Interest expense Fee and commission paid Insurance discharge payment Net claim amount paid Net amount of withdrawal of insurance contract reserve Insurance policy dividend paid Reinsurance expenses Business tax and surcharge 10,523,548.09 7,347,125.65 Sales expense 37,973,336.39 28,644,230.87 Administrative expense 122,088,830.15 105,094,934.36 R & D costs 103,508,764.53 67,160,964.22 Financial expenses -130,344.09 8,287,888.28 Including：Interest expense 14,306,275.13 234,815.67 Interest income 1,655,853.59 3,702,735.59 Add: Other income 19,643,379.33 29,506,252.69 Investment gain（“-”for loss） 22,663,013.06 22,599,670.74 Incl: investment gains from affiliates 33,984.66 -3,446,613.86 Financial assets measured at amortized cost cease to be recognized as income Gains from currency exchange Net exposure hedging income Changing income of fair value 2,150,943.40 2,687,518.74 Credit impairment loss -4,981,560.53 -10,394,533.65 Impairment loss of assets -83,508,720.33 -72,412,477.63 Assets disposal income -597,458.77 276,544.73 III. Operational profit（“-”for loss） 66,633,939.87 50,394,125.02 Add ：Non-operational income 21,285,786.64 1,445,662.38 Less: Non-operating expense 1,686,263.35 138,421.27 IV. Total profit(“-”for loss) 86,233,463.16 51,701,366.13 Less：Income tax expenses 11,118,796.96 8,203,720.98 V. Net profit 75,114,666.20 43,497,645.15 (I) Classification by business continuity 1.Net continuing operating profit 75,114,666.20 43,497,645.15 2.Termination of operating net profit (II) Classification by ownership 1.Net profit attributable to the owners of parent company 61,162,384.25 37,267,995.74 2.Minority shareholders’ equity 13,952,281.95 6,229,649.41 VI. Net after-tax of other comprehensive income 3,076,186.63 -3,131,850.89 Net of profit of other comprehensive income attributable to owners of the parent company. 3,076,186.63 -3,131,850.89 （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period 3,275,250.36 -2,815,824.67 1.Re-measurement of defined benefit plans of changes in net debt or net assets 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. 3. Changes in the fair value of investments in other equity instruments 3,275,250.36 -2,815,824.67 4. Changes in the fair value of the company’s credit risks 5.Other (II)Other comprehensive income that will be reclassified into profit or loss. -199,063.73 -316,026.22 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. 2. Changes in the fair value of investments in other debt obligations 3. Other comprehensive income arising from the reclassification of financial assets 4.Allowance for credit impairments in investments in other debt obligations 5. Reserve for cash flow hedges 6.Translation differences in currency financial statements -199,063.73 -316,026.22 7.Other Net of profit of other comprehensive income attributable to Minority shareholders’ equity VII. Total comprehensive income 78,190,852.83 40,365,794.26 Total comprehensive income attributable to the owner of the parent company 64,238,570.88 34,136,144.85 Total comprehensive income attributable minority shareholders 13,952,281.95 6,229,649.41 VIII. Earnings per share （I）Basic earnings per share 0.12 0.07 (II)Diluted earnings per share 0.12 0.07 Legal Representative: Person-in-charge of the accounting work： Person-in -charge of the accounting organ： Income statement of the Parent Company In RMB Items Year 2021 Year 2020 I. Income from the key business 78,159,686.19 61,296,888.21 Incl：Business cost 11,547,944.88 10,666,274.44 Business tax and surcharge 2,968,080.87 2,435,257.11 Sales expense 49,682.40 Administrative expense 45,821,418.49 38,680,586.21 R & D expense Financial expenses 283,692.12 -1,020,628.37 Including：Interest expenses 645,507.87 13,780.96 Interest income 359,182.13 1,012,329.64 Add：Other income 602,709.52 117,006.72 Investment gain（“-”for loss） 20,409,098.48 35,656,479.65 Including: investment gains from affiliates 33,984.66 -3,446,613.86 Financial assets measured at amortized cost cease to be recognized as income Net exposure hedging income Changing income of fair value 392,767.12 Credit impairment loss -710,513.74 -799,858.92 Impairment loss of assets -32,769.22 -95,343.40 Assets disposal income -386,933.41 286,963.56 II. Operational profit（“-”for loss） 37,370,459.06 46,093,413.55 Add ：Non-operational income 283,354.84 562,910.99 Less：Non -operational expenses 27,244.40 III. Total profit(“-”for loss) 37,653,813.90 46,629,080.14 Less：Income tax expenses 5,900,206.38 7,746,152.13 IV. Net profit 31,753,607.52 38,882,928.01 1.Net continuing operating profit 2.Termination of operating net profit 31,753,607.52 38,882,928.01 V. Net after-tax of other comprehensive income 1,130,351.54 -3,131,850.89 （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period 1,329,415.27 -2,815,824.67 1.Re-measurement of defined benefit plans of changes in net debt or net assets 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. 3. Changes in the fair value of investments in other equity instruments 1,329,415.27 -2,815,824.67 4. Changes in the fair value of the company’s credit risks 5.Other (II)Other comprehensive income that will be reclassified into profit or loss -199,063.73 -316,026.22 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. 2. Changes in the fair value of investments in other debt obligations 3. Other comprehensive income arising from the reclassification of financial assets 4.Allowance for credit impairments in investments in other debt obligations 5. Reserve for cash flow hedges 6.Translation differences in currency financial statements -199,063.73 -316,026.22 7.Other VI. Total comprehensive income 32,883,959.06 35,751,077.12 VII. Earnings per share （I）Basic earnings per share 0 0 (II)Diluted earnings per share 0 0 Legal Representative: Person-in-charge of the accounting work： Person-in -charge of the accounting organ： Consolidated Cash flow statement In RMB Items Year 2021 Year 2020 I.Cash flows from operating activities Cash received from sales of goods or rending of services 2,335,256,168.54 1,827,292,276.43 Net increase of customer deposits and capital kept for brother company Net increase of loans from central bank Net increase of inter-bank loans from other financial bodies Cash received against original insurance contract Net cash received from reinsurance business Net increase of client deposit and investment Cash received from interest, commission charge and commission Net increase of inter-bank fund received Net increase of repurchasing business Net cash received by agent in securities trading Tax returned 9,423,408.29 116,428,895.93 Other cash received from business operation 88,625,329.53 123,408,000.43 Sub-total of cash inflow 2,433,304,906.36 2,067,129,172.79 Cash paid for purchasing of merchandise and services 1,860,349,920.78 1,742,576,211.51 Net increase of client trade and advance Net increase of savings in central bank and brother company Cash paid for original contract claim Net increase in financial assets held for trading purposes Net increase for Outgoing call loan Cash paid for interest, processing fee and commission Cash paid to staffs or paid for staffs 250,216,599.00 181,692,353.93 Taxes paid 101,786,653.96 43,712,017.07 Other cash paid for business activities 225,388,712.97 97,217,657.52 Sub-total of cash outflow from business activities 2,437,741,886.71 2,065,198,240.03 Net cash generated from /used in operating activities -4,436,980.35 1,930,932.76 II. Cash flow generated by investing Cash received from investment retrieving 10,817,803.07 6,437,640.00 Cash received as investment gains 14,881,941.03 2,908,856.94 Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets 83,520.00 2,800,914.39 Net cash received from disposal of subsidiaries or other operational units Other investment-related cash received 1,128,309,484.61 3,240,861,003.37 Sub-total of cash inflow due to investment activities 1,154,092,748.71 3,253,008,414.70 Cash paid for construction of fixed assets, intangible assets and other long-term assets 447,622,193.08 564,014,103.94 Cash paid as investment Net increase of loan against pledge Net cash received from subsidiaries and other operational units Other cash paid for investment activities 965,000,000.00 3,008,065,275.20 Sub-total of cash outflow due to investment activities 1,412,622,193.08 3,572,079,379.14 Net cash flow generated by investment -258,529,444.37 -319,070,964.44 III.Cash flow generated by financing Cash received as investment Including: Cash received as investment from minor shareholders （未完）  |