[一季报]中顺洁柔(002511):2022年第一季度报告（英文版）
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时间：2022年04月27日 19:53:36 中财网 |
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原标题:中顺洁柔:2022年第一季度报告（英文版）
Stock Code: 002511 Stock Abbreviation: ZSJR Announcement No.: 2022-15 C&S Paper Co., Ltd.
First Quarter Report 2022
The Company and all members of the Board of Directors hereby guarantee the truthfulness, accuracy and completeness of the information disclosed, and there are no false and misleading statements or material omissions.
Important Notice:
1. The Board of Directors and the Board of Supervisors of the Company and its directors, supervisors and senior management warrant that the information contained in this quarterly report is
true, accurate and complete without any false and misleading statements or material omissions, and severally and jointly accept legal liability thereof.
2. The person in charge of the Company, the person in charge of accounting of the Company, and the person in charge of the accounting department of the Company have declared that they warrant the truthfulness, accuracy and completeness of the financial statements set out in this quarterly report.
Whether the First Quarter Report has been audited
□ Yes √ No
I. Main Financial Data
(I) Main accounting data and financial indicators
Whether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years
□ Yes √ No
| | Current period | Same period of previous
year | Changes over same period of
previous year | | Operating income (RMB) | 1,884,339,300.88 | 2,102,126,213.63 | -10.36% | | Net profit attributable to shareholders of
the listed company (RMB) | 133,346,264.70 | 271,122,802.99 | -50.82% | | Net profit attributable to shareholders of
the listed company after deducting
non-recurring profit and loss (RMB) | 126,963,097.30 | 267,298,568.37 | -52.50% | | Net cash flow from operating activities
(RMB) | 247,480,435.23 | 334,905,166.23 | -26.10% | | Basic earnings per share (RMB/share) | 0.10 | 0.21 | -52.38% | | Diluted earnings per share (RMB/share) | 0.10 | 0.21 | -52.38% | | Weighted average return on net assets | 2.68% | 5.34% | -2.66% | | | End of current period | End of previous year | Changes over end of previous
year | | Total assets (RMB) | 7,319,188,356.35 | 7,523,281,973.84 | -2.71% | | Owner's equity attributable to shareholders
of the listed company (RMB) | 5,041,774,734.59 | 4,903,552,661.58 | 2.82% |
(II) Non-recurring items and amounts
√ Applicable □ Not applicable
Unit: RMB
| Item | Amount of current period | Description | | Profits/losses from the disposal of non-current asset (including
the write-off that accrued for impairment of assets) | -74,478.70 | | | Governmental grants reckoned into current profits/losses (not
including grants enjoyed in quota or ration according to national
standards, which are closely relevant to the company’s normal
business) | 6,624,450.75 | | | Profits/losses from assets entrusted to others for investment or
management | 180,495.09 | | | Other non-operating income and expenses except for the
aforementioned items | 1,307,495.58 | | | Less: Influence of income tax | 1,654,795.32 | | | Total | 6,383,167.40 | -- |
Details of other profit and loss items that meet the definition of non-recurring profit and loss: □ Applicable √ Not applicable
The Company has no other profit and loss items that meet the definition of non-recurring profit and loss.
Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on
Information Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss
items during the reporting period
□ Applicable √ Not applicable
The Company did not define any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on Information
Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss items during
the reporting period.
(III) Changes of main accounting data and financial indicators and reasons √ Applicable □ Not applicable
1. Balance sheet items
Notes receivable: This item recorded an increase of RMB40,596,142.46 or 1744.52% in the reporting period
compared with the end of 2021, mainly owing to the increase in bank acceptance bills received from customers
during the reporting period.
Prepayment: This item recorded a decrease of RMB13,428,114.90 or 36.60% in the reporting period compared
with the end of 2021, mainly owing to the decrease in prepayments for materials during the reporting period.
Assets held for sale: This item recorded a decrease of RMB57,073,059.69 or 100.00% in the reporting period
compared with the end of 2021, mainly owing to the decrease in the assets held for sale during the reporting
period.
Other current assets: This item recorded an increase of RMB136,445,815.47 or 110.45% in the reporting period
compared with the end of 2021, mainly owing to the increase in the principal of wealth management products
during the reporting period.
Construction work in progress: This item recorded a decrease of RMB54,916,177.38 or 40.72% in the reporting
period compared with the end of 2021, mainly owing to the fact that certain construction work in progress reached
the usable state and was thereby transferred to fixed assets during the reporting period. Short-term borrowings: This item recorded an increase of RMB38,500,000.00 or 100.00% in the reporting period
compared with the end of 2021, mainly owing to the increase in the advance discount of trade acceptance bills
during the reporting period.
Contract liabilities: This item recorded a decrease of RMB105,861,672.80 or 64.41% in the reporting period
compared with the end of 2021, mainly owing to the decrease in prepayments from customers during the reporting
period.
Employee remuneration payable: This item recorded a decrease of RMB72,938,549.57 or 52.27% in the reporting
period compared with the end of 2021, mainly owing to the release of the year-end bonus payable for the previous
year during the reporting period.
Other current liabilities: This item recorded a decrease of RMB13,776,291.85 or 64.83% in the reporting period
compared with the end of 2021, mainly owing to the decrease in the tax pending changeover during the reporting
period.
2. Income statement items
Financial expenses: This item recorded an increase of RMB1,940,083.31 or 56.85% in the reporting period
compared with the same period in 2021, mainly owing to the increase in exchange losses and gains during the
reporting period.
Other income: This item recorded an increase of RMB2,916,840.06 or 57.04% in the reporting period compared
with the same period in 2021, mainly owing to the increase in government grants received during the reporting
period.
Return on investment: This item recorded a decrease of RMB133,198.95 or 43.38% in the reporting period
compared with the same period in 2021, mainly owing to the decrease in returns on wealth management products
received during the reporting period.
Credit impairment losses: This item recorded a decrease of RMB2,205,357.17 or 46.80% in the reporting period
compared with the same period in 2021, mainly owing to the decrease in credit impairment losses accrued for
accounts receivable during the reporting period.
Asset impairment losses: This item recorded a decrease of RMB1,754,309.41 or 82.73% in the reporting period
compared with the same period in 2021, mainly owing to the decrease in impairment losses accrued for fixed
assets during the reporting period.
Non-operating income: This item recorded an increase of RMB223,979.27 or 30.42% in the reporting period
compared with the same period in 2021, mainly owing to the increase in income from fines and compensations
during the reporting period.
Income tax expenses: This item recorded a decrease of RMB31,092,273.35 or 53.66% in the reporting period
compared with the same period in 2021, mainly owing to the decrease in total profit during the reporting period.
3. Cash flow statement items
Net cash flow from investing activities: This item recorded a decrease of RMB79,427,956.29 or 62.09% in the
reporting period compared with the same period in 2021, mainly owing to the increase in payment for principal of
wealth management products during the reporting period.
Net cash flow from financing activities: This item recorded an increase of RMB302,789,234.86 or 113.05% in the
reporting period compared with the same period in 2021, mainly owing to the decrease in payment of repurchased
shares during the reporting period.
II. Shareholder Information
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights were
resumed and shareholdings of top 10 shareholders
Unit: share
| Total number of ordinary shareholders
as at the end of the reporting period | 141,508 | Total number of preferred
shareholders whose voting
rights were resumed at the end
of the reporting period (if any) | 0 | | | | | Shareholdings of top 10 shareholders | | | | | | | | Name of
shareholder | Nature of
shareholder | Shareholding
percentage
(%) | Number of shares | Number of shares
subject to selling
restrictions | Pledged, mar | ked or frozen | | | | | | | Share status | Number | | Guangdong
Zhongshun Paper
Group Co., Ltd. | Domestic
non-state-owned
legal person | 28.61% | 375,655,958 | | | | | Chung Shun Co. | Foreign legal person | 20.30% | 266,504,789 | | | | | Hong Kong
Securities
Clearing Co., Ltd. | Foreign legal person | 4.87% | 63,986,041 | | | | | Ernest Partners
LLC — Client
funds | Foreign legal person | 0.79% | 10,402,100 | | | | | Yue Yong | Domestic natural
person | 0.74% | 9,665,241 | 7,248,930 | | | | Deng Yingzhong | Domestic natural
person | 0.51% | 6,752,811 | 5,064,608 | | | | # Zhongshan
Xinda Investment
Management Co.,
Ltd. | Domestic
non-state-owned
legal person | 0.47% | 6,123,636 | | | | | Deng Guanbiao | Domestic natural
person | 0.38% | 4,957,473 | 3,718,105 | | | | Li Hong | Domestic natural
person | 0.33% | 4,297,300 | | Pledge | 4,200,000 | | #Zeng Haichun | Domestic natural
person | 0.32% | 4,200,000 | | | | | Shareholdings of top 10 shareholders not subject to selling restrictions | | | | | | | | Name of shareholder | Number of shares not subject to selling restrictions | Type of shares | | | | |
| | | Type of shares | Number | | Guangdong Zhongshun Paper Group
Co., Ltd. | 375,655,958 | RMB-denominate
d ordinary shares | 375,655,958 | | Chung Shun Co. | 266,504,789 | RMB-denominate
d ordinary shares | 266,504,789 | | Hong Kong Securities Clearing Co.,
Ltd. | 63,986,041 | RMB-denominate
d ordinary shares | 63,986,041 | | Ernest Partners LLC — Client funds | 10,402,100 | RMB-denominate
d ordinary shares | 10,402,100 | | # Zhongshan Xinda Investment
Management Co., Ltd. | 6,123,636 | RMB-denominate
d ordinary shares | 6,123,636 | | Li Hong | 4,297,300 | RMB-denominate
d ordinary shares | 4,297,300 | | #Zeng Haichun | 4,200,000 | RMB-denominate
d ordinary shares | 4,200,000 | | Cheng’an Asset Management Co., Ltd.
— Cheng’an 99 Chuancheng No. 1
Private Equity Securities Investment
Fund | 3,999,913 | RMB-denominate
d ordinary shares | 3,999,913 | | #Chen Ruiqiang | 3,667,600 | RMB-denominate
d ordinary shares | 3,667,600 | | ABC — CSI Smallcap 500 ETF | 3,658,989 | RMB-denominate
d ordinary shares | 3,658,989 | | Description on the related relationship
or parties acting-in-concert
arrangements among the above
shareholders | 1. Among the top ten shareholders mentioned above, Mr. Deng Yingzhong and Mr. Deng
Guanbiao are among the actual controllers of the Company; Guangdong Zhongshun Paper
Group Co., Ltd. and Chung Shun Co. are the enterprises controlled by actual controllers of
the Company, i.e. Mr. Deng Yingzhong, Deng Guanbiao and Deng Guanjie. That is,
Guangdong Zhongshun Paper Group Co., Ltd. and Chung Shun Co. are related parties.
Mr. Yue Yong is an incumbent senior manager of the Company.
2. Except for the above situation, it is unknown to the Company whether there is related
party relationship among other shareholders, or whether there is acting-in-concert among
other shareholders as stipulated in the Administrative Measures for the Disclosure of
Information on Changes in Shareholders' Shareholding of Listed Companies. | | | | Description on the top 10 shareholders’
participation in margin trading and
securities lending business (if any) | 1. The Company’s shareholder Zhongshan Xinda Investment Management Co., Ltd. holds
6,120,602 shares through a client credit transaction guarantee securities account.
2. The Company’s shareholder Zeng Haichun holds 4,000,000 shares through a client
credit transaction guarantee securities account.
3. The Company’s shareholder Chen Ruiqiang holds 843,500 shares through a client credit
transaction guarantee securities account.
Note: There is a special repurchase account “C&S Paper Special Repurchase Securities
Account” among the top 10 shareholders. As of the end of the reporting period, this
repurchase account held 26,758,987 shares, with a shareholding ratio of 2.04%. Pursuant
to relevant regulations, it is not included in the list of top 10 shareholders. | | |
(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders □ Applicable √ Not applicable
III. Other Significant Matters
√ Applicable □ Not applicable
| No. | Announcement
time | Announcement name | Announce
ment
number | Disclosure
media | | 1 | January 6, 2022 | Announcement on Expiration of Share Repurchase Period
and Results of Share Repurchase | 2022-01 | Securities
Times, | | 2 | March 1, 2022 | Annual Performance Bulletin 2021 | 2022-02 | Securities
Daily, China
Securities
Journal,
Shanghai
Securities
News and
http://www.cni
nfo.com.cn | | 3 | March 16, 2022 | Announcement on the Repurchase and Deregistration
Completion of Partial Reserved Restricted Stocks under the
2018 Stock Option and Restricted Stock Incentive Plan | 2022-03 | | | 4 | March 23, 2022 | Announcement on Reduction of Company Shares by Directors
and Senior Management Through Block Transactions | 2022-04 | | | 5 | March 25, 2022 | Announcement on the Resignation of the Director, the Vice
President and the Representative of Securities Affairs of the
Company | 2022-05 | | | 6 | March 31, 2022 | Announcement on Holding Subsidiary Obtaining the
High-tech Enterprise Certificate (Renewal) | 2022-06 | | | 7 | April 1, 2022 | Announcement on the Company's Completion of the
Industrial and Commercial Change Registration | 2022-07 | |
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: C&S Paper Co., Ltd.
March 31, 2022
Unit: RMB
| Item | Balance at the end of the period | Balance at the beginning of the period | | Current assets: | | | | Monetary funds | 956,047,784.07 | 875,052,493.12 | | Settlement reserve | | | | Lending to banks and other
financial institutions | | | | Tradable financial assets | 8,884.68 | | | Derivative financial assets | | | | Notes receivable | 42,923,202.66 | 2,327,060.20 | | Accounts receivable | 901,200,027.82 | 1,177,831,399.28 | | Accounts receivable financing | | | | Prepayments | 23,257,654.83 | 36,685,769.73 | | Premium receivable | | | | Reinsurance payables | | | | Reinsurance contract reserves
receivable | | | | Other receivables | 14,512,618.72 | 12,353,794.41 | | Including: Interest receivable | | | | Dividends receivable | | | | Financial assets held under resale
agreements | | | | Inventory | 1,381,955,124.49 | 1,467,631,516.95 | | Contract assets | | | | Assets held for sale | | 57,073,059.69 | | Non-current assets due within one
year | | | | Other current assets | 259,976,695.43 | 123,530,879.96 | | Total current assets | 3,579,881,992.70 | 3,752,485,973.34 | | Non-current assets: | | | | Loans and advances to customers | | | | Investments in creditor’s rights | | | | Investments in other creditor’s
rights | | | | Long-term receivable | | | | Long-term equity investment | | | | Investment in other equity
instruments | | | | Other non-current financial assets | | | | Investment property | 32,779,260.69 | 33,138,481.74 | | Fixed assets | 3,164,970,508.90 | 3,129,371,506.40 | | Construction work in progress | 79,959,519.56 | 134,875,696.94 | | Productive biological assets | | | | Oil & gas assets | | | | Right-of-use assets | 14,538,125.12 | 14,300,520.77 | | Intangible assets | 166,827,310.58 | 168,453,928.11 | | Development expenses | | | | Goodwill | 64,654.15 | 64,654.15 | | Long-term deferred expenses | 17,216,999.94 | 16,762,904.09 | | Deferred income tax assets | 186,623,857.31 | 182,185,944.85 | | Other non-current assets | 76,326,127.40 | 91,642,363.45 | | Total non-current assets | 3,739,306,363.65 | 3,770,796,000.50 | | Total assets | 7,319,188,356.35 | 7,523,281,973.84 | | Current liabilities: | | | | Short-term borrowings | 38,500,000.00 | | | Borrowings from PBC | | | | Placements from banks and other
financial institutions | | | | Tradable financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | 400,228,927.06 | 334,969,632.58 | | Accounts payable | 741,278,632.32 | 829,113,780.31 | | Payments received in advance | | | | Contract liabilities | 58,498,770.54 | 164,360,443.34 | | Proceeds from financial assets sold
under repo | | | | Customer bank deposits and due to
banks and other financial institutions | | | | Funds from securities trading
agency | | | | Funds from securities underwriting
agency | | | | Employee remuneration payable | 66,612,856.89 | 139,551,406.46 | | Tax and fees payable | 96,841,478.76 | 107,184,810.97 | | Other payables | 699,283,272.06 | 854,872,178.78 | | Including: Interests payable | | | | Dividends payable | 1,352,746.20 | 1,352,746.20 | | Transaction fee and commission
receivable | | | | Reinsurance payable | | | | Liabilities held for sale | | | | Non-current liabilities due within
one year | 9,544,758.08 | 8,616,487.38 | | Other current liabilities | 7,474,321.44 | 21,250,613.29 | | Total current liabilities | 2,118,263,017.15 | 2,459,919,353.11 | | Non-current liabilities: | | | | Insurance contract reserves | | | | Long-term borrowings | | | | Bonds payable | | | | Including: Preference shares | | | | Perpetual bonds | | | | Lease liabilities | 6,052,690.50 | 5,565,928.14 | | Long-term payable | | | | Long-term employee remuneration
payable | | | | Provision | | | | Deferred income | 100,698,328.79 | 104,483,429.54 | | Deferred income tax liabilities | 49,233,321.29 | 46,514,550.50 | | Other non-current liabilities | | | | Total non-current liabilities | 155,984,340.58 | 156,563,908.18 | | Total liabilities | 2,274,247,357.73 | 2,616,483,261.29 | | Owner's equity: | | | | Share capital | 1,312,856,093.00 | 1,312,457,555.00 | | Other equity instruments | | | | Including: Preference shares | | | | Perpetual bonds | | | | Capital reserve | 945,219,956.50 | 940,742,686.19 | | Less: Treasury shares | 722,243,283.39 | 722,243,283.39 | | Other comprehensive income | | | | Special reserves | | | | Surplus reserves | 106,984,275.42 | 106,984,275.42 | | General reserves | | | | Retained earnings | 3,398,957,693.06 | 3,265,611,428.36 | | Total equity attributable to owners of
the parent company | 5,041,774,734.59 | 4,903,552,661.58 | | Equities of minority shareholders | 3,166,264.03 | 3,246,050.97 | | Total owner's equity | 5,044,940,998.62 | 4,906,798,712.55 | | Total liabilities and owners' equities | 7,319,188,356.35 | 7,523,281,973.84 |
Legal representative: Liu Peng Person in charge of accounting: Xu Xianjing Person in charge of accounting department: Dong Ye
2. Consolidated income statement
Unit: RMB
| Item | Incurred in the current period | Incurred in the prior period | | I. Total Operating Income | 1,884,339,300.88 | 2,102,126,213.63 | | Including: Operating income | 1,884,339,300.88 | 2,102,126,213.63 | | Interest income | | | | Gross earned premiums | | | | Service charge and
commission income | | | | II. Total Operating Cost | 1,738,812,664.25 | 1,780,296,793.30 | | Including: Operating costs | 1,266,000,074.36 | 1,251,617,377.48 | | Interest expenses | | | | Service charge and
commission expenses | | | | Surrender value | | | | Net compensation expenses | | | | Net appropriation of
insurance reserve | | | | Policy dividends expenses | | | | Reinsurance costs | | | | Tax and surcharges | 12,558,211.99 | 14,137,632.18 | | Selling expenses | 333,729,274.14 | 390,859,318.46 | | Administrative expenses | 79,277,066.68 | 80,160,355.50 | | R&D expenses | 48,720,586.77 | 46,934,742.68 | | Finance expenses | -1,472,549.69 | -3,412,633.00 | | Including: Interest fees | 178,781.10 | 560,643.01 | | Interest income | 2,754,875.87 | 3,557,538.70 | | Plus: Other income | 8,030,856.86 | 5,114,016.80 | | Return on investment ("-"
indicates loss) | 173,828.14 | 307,027.09 | | Including: Return on
investment in associates and joint
ventures | | | | Income from the
derecognition of financial assets
measured at amortized cost | | | | Exchange gains ("-" indicates
loss) | | | | Gains from net exposure
hedging ("-" indicates loss) | | | | Gains from changes in fair
value ("-" indicates loss) | -2,901.12 | | | Credit impairment losses ("-"
indicates loss) | 6,918,082.21 | 4,712,725.04 | | Asset impairment losses ("-"
indicates loss) | -366,142.72 | -2,120,452.13 | | Return on disposal of assets
("-" indicates loss) | 23,232.86 | 49,228.12 | | III. Operating Profit ("-" indicates loss) | 160,303,592.86 | 329,891,965.25 | | Plus: Non-operating income | 960,172.21 | 736,192.94 | | Less: Non-operating expenditure | 1,150,127.35 | 1,565,921.89 | | IV. Total Profit ("-" indicates total loss) | 160,113,637.72 | 329,062,236.30 | | Less: Income tax expense | 26,847,159.96 | 57,939,433.31 | | V. Net Profit ("-" indicates net loss) | 133,266,477.76 | 271,122,802.99 | | i. Classified by operation continuity | | | | 1. Net profit from continued
operation ("-" indicates net loss) | 133,266,477.76 | 271,122,802.99 | | 2. Net profit from discontinued
operation ("-" indicates net loss) | | | | ii. Classified by attribution of
ownership | | | | 1. Net profit attributable to owners
of the parent company | 133,346,264.70 | 271,122,802.99 | | 2. Minority shareholders' profits and
losses | -79,786.94 | | | VI. Net Amount of Other Comprehensive
Income after Tax | | | | Total other comprehensive after-tax net
income attributable to owners of the
parent company | | | | i. Other comprehensive income not
able to be reclassified into the profit or
loss | | | | 1. Changes of
re-measurement of the defined benefit
plan | | | | 2. Other comprehensive
income that cannot be transferred into the
profit or loss under equity method | | | | 3. Changes in fair value of
investment in other equity instruments | | | | 4. Changes in fair value of
credit risk of the enterprise | | | | 5. Others | | | | ii. Other comprehensive income
reclassified into the profit or loss | | | | 1. Other comprehensive
income to be transferred into the profit or
loss under equity method | | | | 2. Changes in fair value of
investment in other creditor's rights | | | | 3. Financial assets
reclassified into other comprehensive
income | | | | 4. Impairment provision for
credit of investment in other creditor's
rights | | | | 5. Reserve of cash flow
hedge | | | | 6. Converted difference in
foreign currency financial statements | | | | 7. Others | | | | Total other comprehensive after-tax net
income attributable to minority
shareholders | | | | VII. Total Comprehensive Income | 133,266,477.76 | 271,122,802.99 | | Total comprehensive income
attributable to owners of the parent
company | 133,346,264.70 | 271,122,802.99 | | Total comprehensive income | -79,786.94 | | | attributable to minority shareholders | | | | VIII. Earnings per Share: | | | | i. Basic earnings per share | 0.10 | 0.21 | | ii. Diluted earnings per share | 0.10 | 0.21 |
For business combinations of the current period under common control, the net profit realized by the combined party before the
combination is: RMB0.00; the net profit realized by the combined party in last period is: RMB0.00. Legal Representative: Liu Peng Person in charge of accounting: Xu Xianjing Person in charge of accounting department: Dong Ye
3. Consolidated cash flow statement
Unit: RMB
| Item | Incurred in the current period | Incurred in the prior period | | I. Cash Flows from Operating
Activities: | | | | Cash received from sale of goods
or rendering of services | 2,013,189,894.59 | 2,255,658,189.93 | | Net increase in deposits from
customers, banks and non-bank
financial institutions | | | | Net increase in due to central
banks | | | | Net increase in placements from
other financial institutions | | | | Cash received from the premium
of direct insurance contracts | | | | Net cash from reinsurance business | | | | Net increase in deposits and
investment of the insured | | | | Cash obtained from interest, net
fee and commission | | | | Net increase in placements from
banks and other financial institutions | | | | Net increase in repo service fund | | | | Net cash from agent securities
trading | | | | Tax rebates | | | | Cash received related to other
operating activities | 20,775,921.90 | 36,911,315.21 | | Sub-total of cash inflow from operating
activities | 2,033,965,816.49 | 2,292,569,505.14 | | Cash paid for goods purchased and
services rendered | 1,135,854,564.52 | 1,359,556,274.91 | | Net loans and advances to
customers | | | | Net increase in deposits with the
central bank, banks and non-bank
financial institutions | | | | Cash paid for claims of direct
insurance contracts | | | | Net increase in placements with
banks and non-bank financial
institutions | | | | Cash paid for interest, fee and | | | | commission | | | | Cash paid for dividends of the
insured | | | | Cash paid to and on behalf of
employees | 272,517,814.87 | 246,734,126.07 | | Tax payments | 130,061,335.22 | 142,572,370.03 | | Cash payments related to other
operating activities | 248,051,666.65 | 208,801,567.90 | | Sub-total of cash outflow from
operating activities | 1,786,485,381.26 | 1,957,664,338.91 | | Net cash flows from operating activities | 247,480,435.23 | 334,905,166.23 | | II. Cash Flows from Investing
Activities: | | | | Cash from realization of
investment | | | | Cash received from the return on
investments | 180,495.09 | 307,027.09 | | Net cash received from the
disposal of fixed assets, intangible
assets, and other long-term assets | 4,408.13 | 9,758,000.00 | | Net amount of cash received from
the disposal of subsidiaries and other
operating organizations | | | | Cash received related to other
investing activities | 41,239,541.68 | 50,000,000.00 | | Sub-total of cash inflow from investing
activities | 41,424,444.90 | 60,065,027.09 | | Cash paid for the acquisition and
construction of fixed assets, intangible
assets, and other long-term assets | 78,770,349.25 | 177,953,975.15 | | Cash paid for investments | | | | Net increase in pledged loans | | | | Net amount of cash paid for
acquisition of subsidiaries and other
operating organizations | | | | Cash payments related to other
investing activities | 170,000,000.00 | 10,029,000.00 | | Sub-total of cash outflow from
investing activities | 248,770,349.25 | 187,982,975.15 | | Net cash flows from investing activities | -207,345,904.35 | -127,917,948.06 | | III. Cash Flows from Financing
Activities: | | | | Cash received from capital
contribution | 5,347,319.15 | 10,255,276.29 | | Including: Proceeds received by
subsidiaries from minority shareholders'
investment | | | | Cash received from borrowings | 38,500,000.00 | | | Cash received related to other
financing activities | | | | Sub-total of cash inflow from financing
activities | 43,847,319.15 | 10,255,276.29 | | Cash paid for repayments of
borrowings | | 52,896,691.35 | | Cash payment for interest expenses
and distribution of dividends or profits | | 440,172.97 | | Including: Dividend and profit
paid by subsidiaries to minority
shareholders | | | | Cash payments related to other
financing activities | 8,894,699.62 | 224,755,027.30 | | Sub-total of cash outflow from
financing activities | 8,894,699.62 | 278,091,891.62 | | Net cash flows from financing activities | 34,952,619.53 | -267,836,615.33 | | IV. Effect of Exchange Rate Changes on
Cash and Cash Equivalents | -994,226.31 | 1,326,022.34 | | V. Net Increase in Cash and Cash
Equivalents | 74,092,924.10 | -59,523,374.82 | | Plus: Opening balance of cash and
cash equivalents | 797,797,675.70 | 1,050,034,135.72 | | VI. Closing Balance of Cash and Cash
Equivalents | 871,890,599.80 | 990,510,760.90 |
(II) Report auditing （未完）
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