[一季报]中公教育(002607):2022年第一季度报告全文（英文版）
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时间：2022年04月29日 02:14:46 中财网 |
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原标题:中公教育:2022年第一季度报告全文（英文版）
Stock Code: 002607 Stock Abbr.: OFFCN EDU Announcement No.: 2022-044
OFFCN EDUCATION TECHNOLOGY CO., LTD.
First Quarter 2022 Report
The Company and the Company’s Board of Directors hereby guarantee that the contents of this quarterly report are true,
accurate, and complete, and that there are no misrepresentations, misleading statements, or material omissions.
The Company’s First Quarter 2022 Report is prepared and published in Chinese version, and the English version is for
reference only. Should there be any inconsistency between the Chinese version and English version, the Chinese version shall
prevail.
Important notes:
1. The Company’s Board of Directors, Supervisory Committee, directors, supervisors, and senior management
hereby guarantee that the contents of this quarterly report are true, accurate, and complete, and there are no
misrepresentations, misleading statements, or material omissions, and shall assume individual and joint legal
liabilities.
2. The Company’s legal representative, the head in charge of accounting and the head of the accounting department
(Accounting supervisor), hereby declare that the financial report in this quarterly report is authentic, accurate and
complete.
3. Whether this first quarter report is audited
□ Yes √ No
Section I. Key financial data
1. Key accounting information and financial indicators
Does the Company need to adjust its financial information retrospectively or restate its accounting information of
previous year?
□ Yes √ No
| | Current reporting period | Same period of the
previous year | Increase/ Decrease in the
current reporting period
over the same period of
the previous year | | Operating income (RMB yuan) | 1,212,740,311.93 | 2,051,691,383.47 | -40.89% | | Net profit attributable to shareholders
of the listed Company (RMB yuan) | -463,824,594.93 | 140,729,639.84 | -429.59% | | Net profit after deducting non-recurring
profits and losses attributable to shareholders
of the listed Company (RMB yuan) | -469,727,159.08 | 92,213,329.43 | -609.39% | | Net cash flow from operating
activities (RMB yuan) | 598,889,061.73 | -246,724,873.67 | 342.74% | | Basic earnings per share (RMB yuan/share) | -0.08 | 0.02 | -500.00% | | Diluted earnings per share
(RMB yuan/ share) | -0.08 | 0.02 | -500.00% | | Weighted average return on net assets | -27.99% | 3.24% | -31.23% | | | End of the current
reporting period | End of the previous year | Increase/ Decrease at the
end of this reporting
period over the end of the
previous year | | Total assets (RMB yuan) | 9,200,482,823.27 | 10,305,183,525.70 | -10.72% | | Owner's equity attributable to shareholders of
the listed Company (RMB yuan) | 1,424,994,159.27 | 1,888,818,754.20 | -24.56% |
2. Items and amount of non-recurring profits and losses
√ Applicable □ Not applicable
| Item | Amount of current
reporting period | Description | | Government subsidies included in the current gains and losses
(closely related to the normal business of the enterprise, except
for government subsidies enjoyed fixedly, quantitatively and
continuously in accordance with national policies and certain
standards) | 1,220,048.81 | | | Profits or losses from entrusting others to invest or manage
assets | 2,749,712.23 | | | Profits and losses on changes in fair value arising from the
possession of transactional financial assets, transactional
financial liabilities, and the investment income from the
disposal of transactional financial assets, transactional financial
liabilities and available-for- sale financial assets, except the
effective hedging business related to the Company’s normal
business operations. | 2,674,975.31 | | | Other non-operating income and expenses except for the items
above | -152,921.74 | | | Less: Impact on income tax | 589,250.46 | | | Total | 5,902,564.15 | -- |
Other profit or loss items that meet the definition of non-recurring profits and losses □ Applicable √ Not applicable
The Company does not have other profit or loss items that meet the definition of non-recurring profits and losses.
Explanations for the Company’s classifying items of non-recurring profits or losses listed in the Explanatory
Announcement No. 1 for Public Company Information Disclosures – Non-recurring Profits and Losses as items of
recurring profits or losses.
□ Applicable √ Not applicable
The Company does not classify any non-recurring profits and losses items that are listed in the Explanatory
Announcement No. 1 for Public Company Information Disclosures – Non-recurring Profits and Losses as items of
recurring profits and losses.
3. Cases and reasons for fluctuation of key accounting information and financial indicators
| Item of balance sheet | Amount at the end of
the reporting period
(RMB yuan) | Amount at the
beginning of the
reporting period
(RMB yuan) | Growth | Note | | Monetary funds | 1,129,779,804.27 | 1,970,361,272.64 | -42.66% | Mainly due to the repayment of short-term
loans in the current period | | Transactional financial
assets | 118,374,738.18 | 346,726,621.74 | -65.86% | Mainly due to the maturity redemption of
wealth management products | | Other current assets | 22,946,171.86 | 36,959,129.80 | -37.91% | Mainly due to the increase of prepaid
expenses | | Short-term
loans | 1,651,209,492.99 | 3,152,945,812.59 | -47.63% | Mainly due to the repayment of short-term
loans in the current period | | Contract liabilities | 4,034,759,242.27 | 3,063,721,290.28 | 31.69% | Mainly due to the increase of collecting
training fees from civil servant recruitment
and post-graduate examinations in the first
quarter of 2022 | | Tax payable | 28,432,694.84 | 12,566,751.84 | 126.25
% | Mainly due to accrued VAT and additional tax
on the income of first quarter of 2022 | | Other current liabilities | 121,042,777.27 | 91,925,853.39 | 31.67% | Mainly due to the increase in the balance of
contract liabilities at the end of the first
quarter of 2022 | | Item of income
statement | Amount of current
period (RMB yuan) | Amount of previous
period (RMB yuan) | Growth | Note | | Operating income | 1,212,740,311.93 | 2,051,691,383.47 | -40.89% | Mainly due to the pandemic prevention and
control, the number of offline classes in the
first quarter of 2022 was reduced compared
with the same period of the previous year, as
well as the postponement of the
multi-provincial joint examination of civil
servant recruitment | | Taxes and surcharges | 8,798,438.13 | 3,125,104.09 | 181.54
% | Mainly due to the tax incentives in the same
period of the previous year | | Financial expense | 69,571,481.28 | 108,656,990.19 | -35.97% | Mainly due to the decrease in interest expense
on short-term loans in the current period | | Other income | 8,268,197.61 | 60,454,036.43 | -86.32% | Mainly due to the tax incentives included in
other income in the same period of the
previous year | | Investment income | 2,755,592.22 | 32,350,483.88 | -91.48% | Mainly due to the decrease in income from
wealth management products and fixed time
deposit redemption | | Credit impairment loss | -1,005,625.25 | -239,123.84 | 320.55
% | Mainly due to the increase in accounts
receivable and the increase in accrued bad
debt | | Income tax expense | -81,122,491.94 | 24,090,187.92 | -436.74
% | Mainly due to the accrual of deferred income
tax assets in the current period | | Item of cash flow
statement | Amount of current
period (RMB yuan) | Amount of previous
period (RMB yuan) | Growth | Note | | Other cash received
related to operating
activities | 22,063,195.70 | 8,365,632.60 | 163.74
% | Mainly due to the recovery of deposits in the
current period | | Cash for purchasing
goods and labor
services | 210,528,840.27 | 389,263,578.68 | -45.92% | Mainly due to the impact of the pandemic in
many provinces and cities, the number of
offline classes in the current period was
reduced and operational cost and spending
decreased | | Cash paid to and for
employees | 1,224,818,887.78 | 1,788,537,241.10 | -31.52% | Mainly due to the reduction of the Company’s
personnel and the impact of operating losses
on the performance incentives of employees | | Taxes paid | 25,331,722.29 | 81,728,859.56 | -69.01% | Mainly due to the loss in the fourth quarter of
the previous year and the non-payment of
enterprise income tax in this quarter | | Cash received from
recovery
of investments | 344,776,858.87 | 4,234,310,000.00 | -91.86% | Mainly due to the decrease in short-term
wealth management purchases in the current
period and the corresponding reduction in
wealth management redemptions | | Cash received from
investment income | 2,764,585.77 | 11,192,589.09 | -75.30% | Mainly due to the decrease in short-term
wealth management purchases in the current
period and the corresponding decrease in
redemptions | | Cash paid for the
purchase and
construction of fixed
assets, intangible assets
and other long-term
assets | 8,768,861.04 | 2,774,248,578.57 | -99.68% | Mainly due to the purchase of land use rights
in the same period of the previous year | | Cash paid for
investment | 116,700,000.00 | 4,226,550,000.00 | -97.24% | Mainly due to the decrease in short-term
wealth management purchases in the current
period | | Cash received from the
loan | - | 2,670,000,000.00 | -100.00
% | Mainly due to zero new short-term loans in
the current period | | Cash paid for
dividends, profits, or
interest payments | 26,787,416.64 | 46,324,162.51 | -42.17% | Mainly due to the decrease in interest expense
on short-term loans in the current period | | Other cash paid related
to financing activities | 134,755,697.06 | 354,129,507.17 | -61.95% | Mainly due to the decrease of cost on house
leasing in the current period |
Section II. Information of shareholders
1. Table on the total number of common shareholders, preferred shareholders with restored voting rights
and shares held by the top 10 shareholders
| Total number of common
shareholders at the end of the
reporting period | 153,843 | Total number of preferred
shareholders with restored
voting rights at the end of
the reporting period (if any) | 0 | | | | | Particulars about shares held by the top 10 shareholders | | | | | | | | Name of
shareholder | Nature of
shareholder | Shareholding
percentage(%
) | Number of
shares held | Number of
shares held
with sales
restrictions | Pledged, mar | ed or frozen | | | | | | | Status of shares | Number of
shares | | Lu Zhongfang | Domestic
natural person | 41.36% | 2,550,549,260 | 2,550,549,260 | Pledged | 1,157,543,359 | | Li Yongxin | Domestic
natural person | 18.35% | 1,131,415,121 | 1,131,070,121 | Pledged | 543,150,000 | | Wang
Zhendong | Domestic
natural person | 13.83% | 852,885,418 | 639,664,063 | Pledged | 328,193,884 | | Beijing
Aerospace
Industry
Investment
Fund (Limited
Partnership) | Domestic
non-state-owned
legal person | 3.24% | 199,611,483 | 0 | | | | Beijing Offcn
Future
Information
Consulting | Domestic
non-state-owned
legal person | 1.30% | 80,000,000 | 0 | | | | Center
(Limited
Partnership) | | | | | | | | Zhou Xiayun | Domestic
natural person | 1.28% | 78,848,640 | 0 | Pledged | 69,000,000 | | Zhou Hui | Domestic
natural person | 1.17% | 72,277,920 | 0 | Pledged | 26,490,000 | | Beijing Kerui
Technology
Innovation
Investment
Center
(Limited
Partnership) | Domestic
non-state-owned
legal person | 1.04% | 64,100,323 | 0 | | | | Zhou Li | Domestic
natural person | 0.78% | 48,185,280 | 0 | | | | Beijing
Guangyin
Venture Capital
Center
(Limited
Partnership) | Domestic
non-state-owned
legal person | 0.71% | 43,750,952 | 0 | | | | Particulars about shares held by the top 10 shareholders without sales restrictions | | | | | | | | Name of shareholders | Number of shares without sales restrictions held | Type of shares | | | | | | | | Type of shares | Number of
shares | | | | | Wang Zhendong | 213,221,355 | RMB ordinary
shares | 213,221,355 | | | | | Beijing Aerospace Industry
Investment
Fund (Limited Partnership) | 199,611,483 | RMB ordinary
shares | 199,611,483 | | | | | Beijing Offcn Future Information
Consulting Center
(Limited Partnership) | 80,000,000 | RMB ordinary
shares | 80,000,000 | | | | | Zhou Xiayun | 78,848,640 | RMB ordinary
shares | 78,848,640 | | | | | Zhou Hui | 72,277,920 | RMB ordinary
shares | 72,277,920 | | | | | Beijing Kerui Technology
Innovation Investment Center
(Limited Partnership) | 64,100,323 | RMB ordinary
shares | 64,100,323 | | | | | Zhou Li | 48,185,280 | RMB ordinary
shares | 48,185,280 | | | | | Beijing Guangyin Venture Capital
Center (Limited Partnership) | 43,750,952 | RMB ordinary
shares | 43,750,952 | | | | | Yang Shaofeng | 24,062,680 | RMB ordinary
shares | 24,062,680 | | | | | Hong Kong Securities Clearing Co.,
Ltd. | 23,977,849 | RMB ordinary
shares | 23,977,849 | | | | | Description of the relationship or
concerted action among the above
mentioned shareholders | The Company’s controlling shareholder and actual controller Lu Zhongfang and Li
Yongxin are in a mother-son relationship. Lu Zhongfang, Li Yongxin, and Beijing Offcn
Future Information Consulting Center (Limited Partnership) are acting in concert. Zhou
Xiayun and Zhou Hui have a father-son relationship. Zhou Xiayun and Zhou Li have a
father-daughter relationship. It is unknown whether there is an associated relationship
among the above-mentioned other shareholders, nor whether the above-mentioned
shareholders belong to the parties acting in concert as stipulated in the Administrative
Measures on Information Disclosure of Shareholding Changes in Listed Companies. | | | | | | | Description of the top 10
shareholders participating in the | None | | | | | |
| margin trading or short selling
business (if any) | |
2. Table on the total number of preferred shareholders and shares held by the top 10 preferred shareholders
□ Applicable √ Not Applicable
Section III. Other significant events
√Applicable Not applicable
1.Overview of the Company’s operation in the first quarter of 2022 Since the year of 2022, with the ongoing and repeating Covid-19 pandemic, the strictness of prevention and
control measures is being upgraded continuously in various areas. The Company is facing a harsher external
environment with more tough challenges for its operation compared with the year of 2021. Especially since March,
which is the traditional peak period for the Company’s marketing and trainees enrollment in previous years, the
pandemic bursts out in many cities of the country and the situation is far more severe than last two years. Stricter
prevention and control measures are applied in many cities and hundreds of direct-operated branches of the
Company in various areas suffer from periodic suspension of classes in turns. Meanwhile, the multi-provincial
joint examination of civil servant recruitment in first half of the year, the national-level interview examination of
civil servant recruitment and the public institution recruitment tests are being deferred one by another. The
Company’s enrollment and teaching of classes are both affected greatly. The uncertainty of the operating
environment has objectively caused a periodical impact on the development of the training business and has a
certain impact on the Company's performance.
But even so, the Company strived to take strong measures, actively promoted the 2022 business improvement plan, and gained a gradual result in the first quarter. During the reporting period, the Company
implemented amoeba operation reform plan internally and put efforts in reducing costs and expenses. Although
there is still a considerable improving area for optimization, the total operating cost has decreased compared with
the same period of last year, and the effect of lean cost control has emerged. Besides that, in such a harsher
operating environment compared with last year, the Company adjusted its products’ structure, and continuously
reduced the ratio of high-refund products. The cash received by the Company from selling goods and providing
service is basically the same as that in the same period of last year. The net cash flow of operation turns positive
on a monthly basis. The Company’s business stays steady in the adversity during the adjustment period of product
strategies.
In future, the Company will continue to promote its 2022 business improvement plan and enhance the Company’s operating efficiency, by maintaining a prudent and steady business strategy, judging and responding to
market risks in a timely manner, optimizing internal operation by reducing costs and enhancing efficiency,
adjusting its products structurally, and speeding up the development of new businesses. 2. The progress of the investigation launched by the China Securities Regulatory Commission into the
Company:
On December 15, 2021, the Company received the Notice of Filing (No. SR Filing 0232021010) from the CSRC.
According to the Securities Law of the People's Republic of China, Law of the People’s Republic of China on
Administrative Punishment and other laws and regulations, the Company is suspected of failing to disclose related
party transaction information and violating the laws and regulations of information disclosure. The CSRC decided
to file a case against the Company.
On January 15, 2022, the Company issued the Announcement on the Progress of the Investigation and Risk Warning
(No. 2022-006).
On February 15, 2022, the Company issued the Announcement on the Progress of the Investigation and Risk
Warning (No. 2022-019).
On March 15, 2022, the Company issued the Announcement on the Progress of the Investigation and Risk Warning
(No. 2022-022).
On April 24, 2022, the Company and the relevant parties received the Prior Notice of Administrative Penalty. The
Anhui Securities Regulatory Bureau of the CSRC decided to give a warning to and impose a fine on the Company
and the relevant parties. Specific information is stated in the announcement (No. 2022-031) disclosed on CNINFO
(www.cninfo.com.cn) and other designated media.
On April 27, 2022, the Company and the relevant parties received the official Decision of Administrative Penalty
from the Anhui Securities Regulatory Bureau, which determines Offcn Edu, its subsidiaries Beijing Offcn
Education Technology Co., Ltd. and Liaoning Zhongcheng Real Estate Development Co.,Ltd. constitute a
related-party relationship with Shaanxi Guancheng Industrial Co., Ltd., Beijing Chuangsheng Construction
Decoration Engineering Co., Ltd., Shanghai Beiding Network Technology Co., Ltd., Ji'an Jingkai Lixiangxue
Financial Information Service Co., Ltd. and Liaoning Hanhui Industrial Co., Ltd.. The total amount involved in
related transactions was RMB 1232.395 million yuan, including RMB 196.335 million yuan in year 2019 and
RMB 1036.060 million yuan in year 2020, which account for 6.65% and 30.19% of the net assets of Offcn Edu in
the latest period respectively. The Company did not disclose the above-mentioned information in accordance with
relevant laws and regulations and there was a material omission of the Company’s information disclosure. A
warning was given to and a fine was imposed on the Company and the relevant persons responsible for the
situation, and corresponding rectification is required. Specific information is stated in the announcement (No.
2022-032) disclosed by the Company on CNINFO (www.cninfo.com.cn) and other designated media for information disclosure.
| Type
of
related
-party
transa
ction | Related party | Content of
related-party
transaction | Amount of
related-party
transactions in
year 2019
(RMB) | Amount of
related-party
transactions in
year 2020(RMB) | Amount of
related-party
transactions in
year
2021(RMB) | Total(RMB) | | Accepti
ng the
entrust
ment of
related
party
for
decorat
ion | Beijing
Chuangsheng
Construction
Decoration
Engineering Co.,
Ltd. | Decoration fee | 161,747,000.00 | 242,000,000.00 | 0.00 | 403,747,000.00 | | Accepti
ng the
transfer
of
assets
from | Shaanxi
Guancheng
Industrial Co., Ltd. | Asset
acquisition | 0.00 | 383,060,000.00 | 0.00 | 383,060,000.00 | | related
party | | | | | | | | Accepti
ng the
transfer
of
assets
from
related
party | Liaoning Hanhui
Industrial Co., Ltd. | Asset
acquisition | 0.00 | 200,000,000.00 | 0.00 | 200,000,000.00 | | Purcha
sing
product
s and
goods
from
the
related
party | Ji'an Jingkai
Lixiangxue
Financial
Information
Service Co., Ltd. /
Shanghai Beiding
Network
Technology Co.,
Ltd. | Commission fee | 34,588,038.03 | 210,728,611.86 | 183,144,220.00 | 428,460,869.89 | | Total | 196,335,038.03 | 1,035,788,611.86 | 183,144,220.00 | 1,415,267,869.89 | | |
Section IV. Quarterly financial statements
1. Financial statements
(1) Consolidated balance sheet
Company: Offcn Education Technology Co., Ltd.
March 31, 2022
| Item | Closing balance | Beginning Balance | | Current assets: | | | | Monetary funds | 1,129,779,804.27 | 1,970,361,272.64 | | Settlement reserve | | | | Lendings | | | | Transactional financial assets | 118,374,738.18 | 346,726,621.74 | | Derivative financial assets | | | | Notes receivable | | | | Accounts receivable | 39,875,287.62 | 40,374,842.27 | | Receivables financing | | | | Prepayments | 1,238,102.00 | 1,438,350.00 | | Premium receivables | | | | Accounts receivable reinsurance | | | | Reserve for reinsurance receivable contracts | | | | Other receivables | 216,682,824.68 | 219,501,061.83 | | Inc: Interest receivables | | | | Dividend receivables | | | | Buying back the sale of financial assets | | | | Inventories | | | | Contract assets | | | | Assets held-for-sale | | | | Non-current assets due within
one year | | | | Other current assets | 22,946,171.86 | 36,959,129.80 | | Total current assets | 1,528,896,928.61 | 2,615,361,278.28 | | Non-current assets | | | | Loans and advances | | | | Debt investments | 10,000,000.00 | 7,058,993.55 | | Other debt investments | | | | Long-term receivables | | | | Long-term equity investments | 46,850,364.40 | 46,850,364.40 | | Other equity investments | 130,400,000.00 | 130,400,000.00 | | Other non-current financial assets | 30,260,000.00 | 30,260,000.00 | | Investment properties | 639,856,778.18 | 644,936,541.46 | | Fixed assets | 1,745,084,201.78 | 1,770,372,338.85 | | Construction in progress | 299,642,804.89 | 294,785,678.31 | | Productive biological assets | | | | Oil and gas assets | | | | Right-of-use assets | 1,291,850,352.33 | 1,342,280,387.08 | | Intangible assetss | 859,956,886.83 | 866,627,549.85 | | Development expenditure | | | | Goodwill | 99,867,720.38 | 99,867,720.38 | | Long-term prepaid expenses | 357,228,216.77 | 380,191,006.38 | | Deferred tax assets | 505,810,798.69 | 424,027,271.38 | | Other non-current assets | 1,654,777,770.41 | 1,652,164,395.78 | | Total Non-current Assets | 7,671,585,894.66 | 7,689,822,247.42 | | Total Assets | 9,200,482,823.27 | 10,305,183,525.70 | | Current liabilities | | | | Short-term loans | 1,651,209,492.99 | 3,152,945,812.59 | | Borrowings from central bank | | | | Borrowings from banks and other financial institutions | | | | Transactional financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | | | | Accounts payable | 269,216,168.97 | 282,032,916.52 | | Deposit received | | | | Contract liabilities | 4,034,759,242.27 | 3,063,721,290.28 | | Financial assets sold for repurchase | | | | Absorbing deposits and interbank deposits | | | | Acting trading securities | | | | Acting underwriting securities | | | | Payroll payable | 357,995,173.17 | 422,886,856.60 | | Taxes payable | 28,432,694.84 | 12,566,751.84 | | Other payable | 100,409,049.33 | 129,043,599.22 | | Inc: Interest payable | | | | Dividend payables | | | | Fees and commissions payable | | | | Reinsurance accounts payable | | | | Liabilities held-for-sale | | | | Non-current liabilities due within one year | 739,942,968.01 | 531,876,007.31 | | Other current liabilities | 121,042,777.27 | 91,925,853.39 | | Total Current Liabilities | 7,303,007,566.85 | 7,686,999,087.75 | | Non-current Liabilities: | | | | Insurance contract reserve | | | | Long-term loans | | | | Bonds payable | | | | Inc: Preferred share | | | | Perpetual bond | | | | Lease liabilities | 379,061,479.40 | 635,691,184.87 | | Long-term payables | | | | Long-term salary payable | | | | Estimated liabilities | | | | Deferred income | | | | Deferred tax liabilities | 93,458,605.44 | 93,712,172.62 | | Other non-current liabilities | | | | Total non-current liabilities | 472,520,084.84 | 729,403,357.49 | | Total liabilities | 7,775,527,651.69 | 8,416,402,445.24 | | Owners' equity: | | | | Share capital | 103,807,623.00 | 103,807,623.00 | | Other equity instrument | | | | Inc: Preferred shares | | | | Perpetual bond | | | | Capital reserve | 1,225,481,049.50 | 1,225,481,049.50 | | Less: Treasury stock | | | | Other comprehensive income | 13,200,000.00 | 13,200,000.00 | | Special reserves | | | | Surplus reserves | 45,000,000.00 | 45,000,000.00 | | General risk preparation | | | | Undistributed profits | 37,505,486.77 | 501,330,081.70 | | Total owners' equity attributable to the parent company | 1,424,994,159.27 | 1,888,818,754.20 | | Minority shareholders' equity | -38,987.69 | -37,673.74 | | Total owners’ equity | 1,424,955,171.58 | 1,888,781,080.46 | | Liabilities and owner's equity | 9,200,482,823.27 | 10,305,183,525.70 |
Legal representative: Wang Zhendong Person in charge of accounting: Shi Lei Head of the accounting department: Luo Xue
(2) Consolidated income statement
| Item | Amount in the current period | Amount in the previous period | | I. Total operating income | 1,212,740,311.93 | 2,051,691,383.47 | | Including: operating income | 1,212,740,311.93 | 2,051,691,383.47 | | Interest income | | | | Premium earned | | | | Fee and commission income | | | | II. Total operating costs | 1,770,228,930.90 | 1,979,436,277.98 | | Inc:operating costs | 749,351,241.84 | 824,615,510.04 | | Interest expenses | | | | Fee and commission expenses | | | | Surrender money | | | | Net reimbursement expenditure | | | | Withdrawal of net insurance liability reserves | | | | Policyholder dividend expenses | | | | Reinsurance expenses | | | | Taxes and surcharges | 8,798,438.13 | 3,125,104.09 | | Sales expenses | 396,015,900.26 | 435,647,726.75 | | Management expenses | 320,087,116.49 | 340,240,393.35 | | R&D expenses | 226,404,752.90 | 267,150,553.55 | | Financial expenses | 69,571,481.28 | 108,656,990.19 | | Inc: Interest expenses | 34,754,941.56 | 52,090,565.27 | | Interest income | 2,583,174.80 | 6,768,970.11 | | Add: other income | 8,268,197.61 | 60,454,036.43 | | Investment income (Loss is listed with “-”) | 2,755,592.22 | 32,350,483.88 | | Inc: investment income from associates and joint
ventures | | | | Derecognition income of financial assets
measured at amortized cost | | | | Exchange earnings (Loss is listed with “-”) | | | | Net exposure hedge income (Loss is listed with “-”) | | | | Fair value change income (Loss is listed with “-”) | 2,674,975.31 | 12,156.21 | | Credit impairment loss (Loss is listed with “-”) | -1,005,625.25 | -239,123.84 | | Asset impairment loss (Loss is listed with “-”) | | | | Asset disposal income (Loss is listed with “-”) | | 56,256.12 | | III. Operating profit (Loss is listed with “-”) | -544,795,479.08 | 164,888,914.29 | | Add: non-operating income | | | | Less: non-operating expenses | 152,921.74 | 69,002.90 | | IV. Total profit (The total loss is listed with "-") | -544,948,400.82 | 164,819,911.39 | | Less: income tax expenses | -81,122,491.94 | 24,090,187.92 | | V. Net profit (Net loss is listed with “-”) | -463,825,908.88 | 140,729,723.47 | | i. Classified by business continuity | | | | 1. Net profit from continuing operations (Net loss is listed with
“-”) | -463,825,908.88 | 140,729,723.47 | | 2. Net profit from discontinued operations (Net loss is listed
with "-") | | | | ii. Classification by ownership | | | | 1. Net profit attributable to the owner of the parent
company | -463,824,594.93 | 140,729,639.84 | | 2. Minority shareholders' profits and losses | -1,313.95 | 83.63 | | VI. Net other comprehensive income | | | | Net other comprehensive income attributable to the parent
company owner | | | | i. Other comprehensive income that cannot be reclassified
into profit or loss | | | | 1. Changes from the remeasurement of the defined
benefit plan | | | | 2. Other comprehensive income that cannot be
transferred to profit or loss under the equity method | | | | 3. Changes in fair value of other equity instruments | | | | 4. Changes in fair value of the Company's own credit
risk | | | | 5. Other | | | | ii. Other comprehensive income that will be reclassified into
profit or loss | | | | 1. Other comprehensive income of convertible profit
and loss under the equity method | | | | 2. Changes in fair value of other debt investments | | | | 3. Financial assets reclassified into other comprehensive
income | | | | 4. Credit impairment provisions of other debt
investment | | | | 5. Cash flow hedge reserve | | | | 6. Foreign currency financial statement translation
difference | | | | 7. Others | | | | Net other comprehensive income attributable to minority
shareholders | | | | VII. Total comprehensive income | -463,825,908.88 | 140,729,723.47 | | Total comprehensive income attributable to owners of the
parent company | -463,824,594.93 | 140,729,639.84 | | Total comprehensive income attributable to minority
shareholders | -1,313.95 | 83.63 | | VIII. Earnings per share: | | | | i. Basic earnings per share | -0.08 | 0.02 | | ii. Diluted earnings per share | -0.08 | 0.02 |
If a business combination under the same control occurs in this period, the net profit realized by the combined party before the （未完） ![]()
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