[一季报]京粮B(200505):2022年第一季度报告全文（英文）

 时间：2022年04月27日 21:52:08 中财网

原标题:京粮B:2022年第一季度报告全文（英文）

Stock Code: 000505, 200505 Stock Name: JLKG, JL-B Announcement No. 2022-043

HAINAN JINGLIANG HOLDINGS CO., LTD.
FIRST QUARTERLY REPORT 2022

Hainan Jingliang Holdings Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions.

Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior
management of the Company hereby guarantee that the contents of this Report are true, accurate and complete and
free of any misrepresentations, misleading statements or material omissions, and collectively and individually
accept legal responsibility for such contents.
2. The Company’s legal representative, head for financial affairs, and head of the financial department (equivalent
to financial manager) hereby guarantee that the financial statements carried in this Report are true, accurate and
complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes √ No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below. □ Yes √ No

　Q1 2022Q1 2021YoY change (%)
Operating revenue (RMB)3,024,441,143.442,338,783,061.3529.32%
Net profit attributable to the listed company’s shareholders (RMB)36,992,676.2536,585,077.361.11%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)36,436,748.6532,694,567.6611.45%
Net cash generated from/used in operating activities (RMB)-193,652,734.08274,757,224.16-170.48%
Basic earnings per share (RMB/share)0.050.050.00%
Diluted earnings per share (RMB/share)0.050.050.00%
Weighted average return on equity (%)1.26%1.34%-0.08%
　31 March 202231 December 2021Change (%)
Total assets (RMB)6,224,379,657.336,046,600,058.902.94%
Equity attributable to the listed company’s shareholders (RMB)2,952,775,710.842,915,802,291.051.27%
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB

ItemQ1 2022Note
Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards)393,224.15　
Gain or loss on fair-value changes on held-for-trading financial assets and liabilities & income from disposal of held-for-trading financial assets and liabilities and available-for-sale financial assets (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business)227,979.72　
Non-operating income and expense other than the above147,654.85　
Less: Income tax effects192,214.68　
Non-controlling interests effects (net of tax)20,716.44　
Total555,927.60--
Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why √ Applicable □ Not applicable
1. Monetary assets increased primarily driven by the maturity of some investments in wealth management
products and the increased advances from customers in the current period. 2. Prepayments increased primarily driven by the increased prepayments to suppliers as a result the purchases of
oils and oilseeds at the end of the current period.
3. Construction in progress increased primarily driven by the production line automation project of subsidiary in
the current period.
4. Derivative financial liabilities increased primarily driven by the changes in the fair value of hedging
instruments in the current period.
5. Cost of sales increased primarily driven by the increased costs of raw materials as a result of market changes in
the current period.
6. Net cash generated from operating activities decreased primarily driven by the increased purchase amount of
oils and oilseeds such as soybean in the current period.
7. Net cash generated from investing activities increased primarily driven by the maturity of some investments in
wealth management products in the current period.
8. Net cash generated from financing activities decreased primarily driven by higher repayments of bank loans in
the current period.
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share

Number of ordinary shareholders at the period-end94,397Number of preferred shareholders with resumed voting rights at the period-end (if any)0　　　
Top 10 shareholders　　　　　　
Name of shareholderNature of shareholderShareholdi ng percentageTotal shares heldRestricted shares heldShares in pledge, marked or frozen　
　　　　　StatusShares
BEIJING GRAIN GROUP CO., LTD.State-owned legal person39.68%288,439,561　　　
BEIJING STATE-OWNED CAPITAL OPERATION AND MANAGEMENT COMPANY LIMITEDState-owned legal person6.67%48,510,460　　　
WANG YUECHENGDomestic natural person5.66%41,159,88741,159,887　　
LISHERYNZHANMINGForeign natural person0.60%4,341,900　　　
BEIJING XIHE ELITE INVESTMENT CO., LTD.-XIHE AI STRATEGY NO.1 PRIVATE SECURITIES INVESTMENT FUNDOther0.39%2,861,318　　　
MEI JIANYINGDomestic natural person0.36%2,604,203　　　
AGRICULTURAL BANK OF CHINA LIMITED-SWS MU INTELLIGENT DRIVING STOCK SECURITIES INVESTMENT FUNDOther0.34%2,472,800　　　
ZHANG XIAOXIADomestic natural person0.27%1,949,250　　　
WANG XIAOXINGDomestic natural person0.23%1,679,200　　　
CITIC SECURITIES COMPANY LIMITED-TIANHONG CHINA SECURITIES FOOD AND BEVERAGE EXCHANGE TRADEDOther0.19%1,416,800　　　
FUND　　　　　　
Top 10 unrestricted shareholders　　　　　　
Name of shareholderUnrestricted shares heldShares by type　　　　
　　TypeShares　　　
BEIJING GRAIN GROUP CO., LTD.288,439,561RMB-denominate d ordinary stock288,439,561　　　
BEIJING STATE-OWNED CAPITAL OPERATION AND MANAGEMENT COMPANY LIMITED48,510,460RMB-denominate d ordinary stock48,510,460　　　
LISHERYNZHANMING4,341,900Domestically listed foreign stock4,341,900　　　
BEIJING XIHE ELITE INVESTMENT CO., LTD.-XIHE AI STRATEGY NO.1 PRIVATE SECURITIES INVESTMENT FUND2,861,318RMB-denominate d ordinary stock2,861,318　　　
MEI JIANYING2,604,203RMB-denominate d ordinary stock2,604,203　　　
AGRICULTURAL BANK OF CHINA LIMITED-SWS MU INTELLIGENT DRIVING STOCK SECURITIES INVESTMENT FUND2,472,800RMB-denominate d ordinary stock2,472,800　　　
ZHANG XIAOXIA1,949,250Domestically listed foreign stock1,949,250　　　
WANG XIAOXING1,679,200RMB-denominate d ordinary stock1,679,200　　　
CITIC SECURITIES COMPANY LIMITED-TIANHONG CHINA SECURITIES FOOD AND BEVERAGE EXCHANGE TRADED FUND1,416,800RMB-denominate d ordinary stock1,416,800　　　
SHANGHAI RED WALL TAIHE FUND MANAGEMENT CO., LTD. –JINHU INCREASING INDEX PHASE IV PRIVATE INVESTMENT FUND1,233,600RMB-denominate d ordinary stock1,233,600　　　
Related or acting-in-concert parties among the shareholders above① Beijing State-Owned Capital Operation and Management Company Limited owns 100% of Beijing Grain Group Co., Ltd., and Beijing Grain Group Co., Ltd. is the controlling shareholder of the Company (a 39.68% holding). ② Wang Yuecheng is a Deputy General Manager of the Company. Apart from the aforesaid, the Company does not know whether there are any other related parties or acting-in-concert parties among the top 10 shareholders.　　　　　
Top 10 shareholders engaged in securities margin trading (if any)Shareholder Wang Xiaoxing held 1,679,200 shares in the Company through his account of collateral securities for margin trading in Soochow Securities Co., Ltd.　　　　　
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
III Other Significant Events
√ Applicable □ Not applicable
1. On 14 January 2022, the Company received the CSRC’s Notice on the First Feedback for Review of Administrative Permission Projects (No. 213494) issued by China Securities Regulatory Commission (hereinafter
referred to as “CSRC”). The Company actively and carefully checked the problems stipulated in the feedback and
implemented them one by one with the relevant intermediary. On 12 February 2022, the Company disclosed the
Reply on the Feedback for the Application of Private Placement of Stocks by Hainan Jingliang Holdings Co., Ltd.
2. In order to implement relevant work requirements of governing enterprises based on laws and further improve
the Company’s legal construction level, the Company revised the relevant contents of the Articles of Association
based on the actual legal work and the Company’s compliance management requirements. For more details, please
refer to the Announcement on Revising the Articles of Association by Hainan Jingliang Holdings Co., Ltd. (No.:
2022-009) disclosed by the Company on 24 February 2022.
3. On 22 March 2022, the Company and Beijing Capital Agribusiness & Foods Group Co., Ltd. signed the
Supplementary Agreement of the Conditional Subscription Agreement. Agreed by both parties, the number of this
private placement of stocks was changed from not exceeding 105,633,802 shares to not exceeding 92,195,422
shares (inclusive) and the intended total raised fund through this private placement of stocks (including issuance
expenses) was changed from RMB600 million to not exceeding RMB523.67 million (inclusive). The Company
revised documents related to this private placement of stocks in accordance with the adjusted total amount of
funds raised, the number of issues and other content. The private placement of stocks and related-party
transactions are still subject to the approval of CSRC.
4. In order to build and improve the Company’s long-term incentive mechanism, attract and retain outstanding
talents and fully mobilize the enthusiasm of core backbones, the Company disclosed the Restricted Stock Incentive
Plan in 2022 (Draft) and its Abstract by Hainan Jingliang Holdings Co., Ltd. on 23 March 2022. The number of
incentive objects to be granted for the first time is not more than 45, and the number of restricted shares to be
granted is 7.21 million shares, accounting for about 0.99% of the Company’s total share capital. The plan still
needs to be approved by the Company’s general meeting of shareholders. For more details, please refer to relevant
announcements disclosed by the Company on 23 March 2022.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Hainan Jingliang Holdings Co., Ltd.
31 March 2022
Unit: RMB

Item31 March 202231 December 2021
Current assets:　　
Monetary assets721,400,323.02507,144,668.45
Settlement reserve　　
Loans to other banks and financial institutions　　
Held-for-trading financial assets20,000,000.0040,377,048.08
Derivative financial assets　　
Notes receivable　　
Accounts receivable70,691,097.8082,694,094.62
Receivables financing　　
Prepayments287,678,238.7687,803,762.15
Premiums receivable　　
Reinsurance receivables　　
Receivable reinsurance contract reserve　　
Other receivables291,315,569.58284,756,636.27
Including: Interest receivable　　
Dividends receivable　　
Financial assets purchased under resale agreements　　
Inventories1,745,367,023.261,903,372,572.18
Contract assets　　
Assets held for sale　　
Current portion of non-current assets156,139,100.00156,139,100.00
Other current assets800,188,506.14820,500,621.47
Total current assets4,092,779,858.563,882,788,503.22
Non-current assets:　　
Loans and advances to customers　　
Debt investments　　
Other debt investments　　
Long-term receivables　　
Long-term equity investments235,595,387.41230,799,437.53
Investments in other equity instruments20,000,000.0020,000,000.00
Other non-current financial assets　　
Investment property20,911,592.7720,925,683.56
Fixed assets1,094,746,606.761,120,758,409.49
Construction in progress15,075,786.2711,220,840.10
Productive living assets　　
Oil and gas assets　　
Right-of-use assets7,651,044.488,045,406.28
Intangible assets336,733,564.12339,970,477.87
Development costs　　
Goodwill191,394,422.51191,394,422.51
Long-term prepaid expense17,487,016.8917,383,818.41
Deferred income tax assets2,262,380.8213,571,063.19
Other non-current assets189,741,996.74189,741,996.74
Total non-current assets2,131,599,798.772,163,811,555.68
Total assets6,224,379,657.336,046,600,058.90
Current liabilities:　　
Short-term borrowings1,009,268,752.121,521,669,601.35
Borrowings from the central bank　　
Loans from other banks and financial institutions　　
Held-for-trading financial liabilities　　
Derivative financial liabilities115,457,898.6370,305,871.37
Notes payable487,228,166.270.00
Accounts payable147,990,738.95186,748,746.42
Advances from customers1,376,416.48996,173.41
Contract liabilities615,316,089.75520,816,995.93
Financial assets sold under repurchase agreements　　
Customer deposits and deposits from other banks and financial institutions　　
Payables for acting trading of securities　　
Payables for underwriting of securities　　
Employee benefits payable18,724,912.4242,130,650.49
Taxes and levies payable48,218,431.20104,347,852.69
Other payables99,739,929.3773,985,586.39
Including: Interest payable21,082,795.4721,082,795.47
Dividends payable3,213,302.883,213,302.88
Fees and commissions payable　　
Reinsurance payables　　
Liabilities directly associated with assets held for sale　　
Current portion of non-current liabilities1,242,398.951,582,978.69
Other current liabilities66,507,093.4322,994,553.60
Total current liabilities2,611,070,827.572,545,579,010.34
Non-current liabilities:　　
Insurance contract reserve　　
Long-term borrowings71,000,000.0071,000,000.00
Bonds payable　　
Including: Preference shares　　
Perpetual bonds　　
Lease liabilities1,756,141.241,694,702.62
Long-term payables　　
Long-term employee benefits payable5,677,134.005,677,134.00
Provisions　　
Deferred income64,785,936.5865,244,499.48
Deferred income tax liabilities115,371,757.0145,250,919.91
Other non-current liabilities　　
Total non-current liabilities258,590,968.83188,867,256.01
Total liabilities2,869,661,796.402,734,446,266.35
Owners’ equity:　　
Share capital726,950,251.00726,950,251.00
Other equity instruments　　
Including: Preference shares　　
Perpetual bonds　　
Capital reserves1,675,918,350.951,675,918,350.95
Less: Treasury stock　　
Other comprehensive income-701,538.68-682,282.22
Specific reserve　　
Surplus reserves122,122,436.98122,122,436.98
General reserve　　
Retained earnings428,486,210.59391,493,534.34
Total equity attributable to owners of the Company as the parent2,952,775,710.842,915,802,291.05
Non-controlling interests401,942,150.09396,351,501.50
Total owners’ equity3,354,717,860.933,312,153,792.55
Total liabilities and owners’ equity6,224,379,657.336,046,600,058.90
Legal representative: Wang Chunli Head for financial affairs: Guan Ying
Head of the financial department: Liu Quanli
2. Consolidated Income Statement
Unit: RMB

ItemQ1 2022Q1 2021
1. Revenues3,024,441,143.442,338,783,061.35
Including: Operating revenue3,024,441,143.442,338,783,061.35
Interest income　　
Insurance premium income　　
Fee and commission income　　
2. Costs and expenses3,012,615,529.482,333,218,041.73
Including: Cost of sales2,914,408,603.032,226,013,163.78
Interest expense　　
Fee and commission expense　　
Surrenders　　
Net insurance claims paid　　
Net amount provided as insurance contract reserve　　
Expenditure on policy dividends　　
Reinsurance premium expense　　
Taxes and levies6,413,981.995,955,781.15
Selling expense37,678,412.7048,411,864.19
Administrative expense44,323,382.2644,040,201.27
R&D expense2,267,459.832,417,187.46
Finance costs7,523,689.676,379,843.88
Including: Interest expense8,818,262.018,671,148.55
Interest income3,429,892.142,685,086.53
Add: Other income2,423,270.983,012,534.83
Return on investment (“-” for loss)5,018,549.944,619,547.66
Including: Share of profit or loss of joint ventures and associates4,795,949.880.00
Income from the derecognition of financial assets at amortized cost (“-” for loss)　　
Exchange gain (“-” for loss)　　
Net gain on exposure hedges (“-” for loss)　　
Gain on changes in fair value (“-” for loss)41,070,955.3247,688,252.08
Credit impairment loss (“-” for loss)-600.000.00
Asset impairment loss (“-” for loss)　　
Asset disposal income (“-” for loss)0.00-24,042.07
3. Operating profit (“-” for loss)60,337,790.2060,861,312.12
Add: Non-operating income332,367.28489,618.17
Less: Non-operating expense184,982.43151,256.17
4. Gross profit (“-” for loss)60,485,175.0561,199,674.12
Less: Income tax expense17,901,850.2119,094,319.28
5. Net profit (“-” for net loss)42,583,324.8442,105,354.84
5.1 By operating continuity　　
5.1.1 Net profit from continuing operations (“-” for net loss)42,583,324.8442,105,354.84
5.1.2 Net profit from discontinued operations (“-” for net loss)　　
5.2 By ownership　　
5.2.1 Net profit attributable to owners of the Company as the parent36,992,676.2536,585,077.36
5.2.1 Net profit attributable to non-controlling interests5,590,648.595,520,277.48
6. Other comprehensive income, net of tax-19,256.4660,282.38
Attributable to owners of the Company as the parent-19,256.4660,282.38
6.1 Items that will not be reclassified to profit or loss　　
6.1.1 Changes caused by remeasurements on defined benefit schemes　　
6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method　　
6.1.3 Changes in the fair value of investments in other equity instruments　　
6.1.4 Changes in the fair value arising from changes in own credit risk　　
6.1.5 Other　　
6.2 Items that will be reclassified to profit or loss-19,256.4660,282.38
6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method　　
6.2.2 Changes in the fair value of other debt investments　　
6.2.3 Other comprehensive income arising from the reclassification of financial assets　　
6.2.4 Credit impairment allowance for other debt investments　　
6.2.5 Reserve for cash flow hedges　　
6.2.6 Differences arising from the translation of foreign currency-denominated financial statements-19,256.4660,282.38
6.2.7 Other　　
Attributable to non-controlling interests　　
7. Total comprehensive income42,564,068.3842,165,637.22
Attributable to owners of the Company as the parent36,973,419.7936,645,359.74
Attributable to non-controlling interests5,590,648.595,520,277.48
8. Earnings per share　　
8.1 Basic earnings per share0.050.05
8.2 Diluted earnings per share0.050.05
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMBXXX, with the amount for the same period of last year being RMBXXX. Legal representative: Wang Chunli Head for financial affairs: Guan Ying
Head of the financial department: Liu Quanli
3. Consolidated Cash Flow Statement
Unit: RMB

ItemQ1 2022Q1 2021
1. Cash flows from operating activities:　　
Proceeds from sale of commodities and rendering of services3,490,873,470.892,723,222,764.35
Net increase in customer deposits and deposits from other banks and financial institutions　　
Net increase in borrowings from the central bank　　
Net increase in loans from other financial institutions　　
Premiums received on original insurance contracts　　
Net proceeds from reinsurance　　
Net increase in deposits and investments of policy holders　　
Interest, fees and commissions received　　
Net increase in loans from other banks and financial institutions　　
Net increase in proceeds from repurchase transactions　　
Net proceeds from acting trading of securities　　
Tax and levy rebates1,867,024.152,397,841.07
Cash generated from other operating activities469,056,216.14500,143,601.78
Subtotal of cash generated from operating activities3,961,796,711.183,225,764,207.20
Payments for commodities and services3,086,121,372.972,302,395,084.62
Net increase in loans and advances to customers　　
Net increase in deposits in the central bank and other banks and financial institutions　　
Payments for claims on original insurance contracts　　
Net increase in loans to other banks and financial institutions　　
Interest, fees and commissions paid　　
Policy dividends paid　　
Cash paid to and for employees98,831,197.0292,696,571.12
Taxes and levies paid75,217,482.5968,496,499.66
Cash used in other operating activities895,279,392.68487,418,827.64
Subtotal of cash used in operating activities4,155,449,445.262,951,006,983.04
Net cash generated from/used in operating activities-193,652,734.08274,757,224.16
2. Cash flows from investing activities:　　
Proceeds from disinvestment788,813,406.52553,344,218.29
Return on investment287,632.124,786,581.45
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets85,920.0085,994.78
Net proceeds from the disposal of subsidiaries and other business units　　
Cash generated from other investing activities　　
Subtotal of cash generated from investing activities789,186,958.64558,216,794.52
Payments for the acquisition of fixed assets, intangible assets and other long-lived assets7,527,581.7516,999,069.25
Payments for investments325,100,000.00510,000,000.00
Net increase in pledged loans granted　　
Net payments for the acquisition of subsidiaries and other business units　　
Cash used in other investing activities　　
Subtotal of cash used in investing activities332,627,581.75526,999,069.25
Net cash generated from/used in investing activities456,559,376.8931,217,725.27
3. Cash flows from financing activities:　　
Capital contributions received　　
Including: Capital contributions by non-controlling interests to subsidiaries　　
Borrowings raised1,703,236,552.54921,639,571.50
Cash generated from other financing activities　　
Subtotal of cash generated from financing activities1,703,236,552.54921,639,571.50
Repayment of borrowings1,736,260,054.46908,547,195.60
Interest and dividends paid15,417,654.4716,299,326.30
Including: Dividends paid by subsidiaries to non-controlling interests　　
Cash used in other financing activities　　
Subtotal of cash used in financing activities1,751,677,708.93924,846,521.90
Net cash generated from/used in financing activities-48,441,156.39-3,206,950.40
4. Effect of foreign exchange rates changes on cash and cash equivalents-41,138.7938,441.99
5. Net increase in cash and cash equivalents214,424,347.63302,806,441.02
Add: Cash and cash equivalents, beginning of the period506,928,810.69334,389,017.41
6. Cash and cash equivalents, end of the period721,353,158.32637,195,458.43
(II) Independent Auditor’s Report （未完）
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