[一季报]比音勒芬(002832):2022年第一季度报告（英文版）

时间：2022年05月13日 20:43:01 中财网

原标题:比音勒芬:2022年第一季度报告（英文版）

Stock Code: 002832 Stock Abbreviation: BYLF Announcement No.: 2022-042 BIEM.L.FDLKK GARMENT 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 records, 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 records, misleading
statements or material omissions, and they accept legal liability severally and jointly 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.
3. 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
Revenue (RMB)	810,420,572.37	622,634,600.78	30.16%
Net profit attributable to shareholders of the listed company (RMB)	212,692,757.27	150,536,147.62	41.29%
Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss (RMB)	201,656,919.76	145,396,952.74	38.69%
Net cash flow from operating activities (RMB)	466,607,840.66	366,315,799.97	27.38%
Basic earnings per share (RMB/share)	0.38	0.29	31.03%
Diluted earnings per share (RMB/share)	0.38	0.28	35.71%
Weighted average return on net assets	6.27%	6.04%	0.23%
	End of current period	End of previous year	Changes over end of previous year
Total assets (RMB)	5,154,046,547.81	4,862,956,852.42	5.99%
Owner’s equity attributable to shareholders of the listed company (RMB)	3,743,915,960.82	3,245,441,596.49	15.36%

(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)	-4,955.71
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)	5,121,764.84
Other non-operating revenue and expenses except for the aforementioned items	-988,647.31
Other profit and loss items that meet the definition of non-recurring profit and loss	9,457,859.81
Less: Influence of income tax	2,550,184.12
Total	11,035,837.51	--

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/loss items that qualified the definition of non-recurring profit/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 for the changes √ Applicable □ Not applicable

Item	December 31, 2022 (RMB)	December 31, 2021 (RMB)	Change ratio	Description
Other non-current assets	-	1,833,508.45	-100.00%	Mainly owing to the advance payments carried forward in the current period
Employee benefits payable	83,658,370.57	64,027,461.27	30.66%	Mainly owing to the increase in sales performance in the current period
Taxes payable	189,755,378.61	130,969,262.60	44.89%	Mainly owing to the increase in sales performance in the current period
Bonds payable	-	284,554,163.11	-100.00%	Mainly owing to the conversion of convertible bonds into shares in the current period
Other equity instruments	-	27,524,454.16	-100.00%	Mainly owing to the conversion of convertible bonds into shares in the current period
Capital reserve	893,544,757.34	600,470,446.15	48.81%	Mainly owing to the conversion of convertible bonds into shares in the current period
Item	Amount of current period (RMB)	Amount of previous period (RMB)	Change ratio	Description
Revenue	810,420,572.37	622,634,600.78	30.16%	Mainly owing to the increase in sales performance in the current period
Cost of revenue	198,651,846.91	145,941,906.93	36.12%	Mainly owing to the increase in sales performance in the current period
Tax and surcharges	7,706,269.83	5,429,793.36	41.93%	Mainly owing to the increase in sales performance and VAT payable in the current period
R&D expenses	25,321,135.44	17,281,192.66	46.52%	Mainly owing to the increase in R&D investments in the current period
Finance expenses	-3,076,152.10	3,498,916.84	-187.92%	Mainly owing to the increase in interests on time deposits in the current period
Other income	5,122,808.74	588,007.00	771.22%	Mainly owing to the increase in government grants received in the current period
Investment income	9,457,859.81	5,524,849.52	71.19%	Mainly owing to the increase in income from wealth management products in the current period
Asset impairment loss	-11,685,476.98	-6,891,519.29	-69.56%	Mainly owing to the provision for inventory impairment in the current period
Income tax expenses	47,081,807.86	33,007,892.61	42.64%	Mainly owing to the increase in profits in the current period
	Current period (RMB)	Same period of previous year (RMB)	Changes over same period of previous year	Description
Revenue	810,420,572.37	622,634,600.78	30.16%	Mainly owing to the increase in sales performance in the current period
Net profit attributable to shareholders of the listed company	212,692,757.27	150,536,147.62	41.29%	Mainly owing to the increase in sales performance in the current period
Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss	201,656,919.76	145,396,952.74	38.69%	Mainly owing to the increase in sales performance in the current 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 at the end of the reporting period	8,480	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	Restricted shares	Pledged, marked or frozen
					Share status	Number
Xie Bingzheng	Domestic natural person	37.88%	216,170,800	162,128,100
Feng Lingling	Domestic natural person	3.44%	19,652,000
Shen Jindong	Domestic natural person	3.44%	19,652,000	14,739,000
National Social Security Fund Portfolio 103	Others	2.21%	12,600,289
ICBC - GF Steady Growth Securities Investment Fund	Others	2.02%	11,500,000
Xie Ting	Domestic natural person	2.00%	11,403,195
Hong Kong Securities Clearing Co., Ltd.	Foreign legal person	1.87%	10,658,332
Xie Bingluan	Domestic natural	1.69%	9,627,254
	person
Li Huiqiang	Domestic natural person	1.68%	9,563,797
CCB - Guotai Health Equity Investment Fund	Others	1.67%	9,533,250
Top 10 shareholders not subject to selling restrictions
Name of shareholder	Number of unrestricted shares	Type of shares
		Type of shares	Number
Xie Bingzheng	54,042,700	RMB-denominate d ordinary shares	54,042,700
Feng Lingling	19,652,000	RMB-denominate d ordinary shares	19,652,000
National Social Security Fund Portfolio 103	12,600,289	RMB-denominate d ordinary shares	12,600,289
ICBC - GF Steady Growth Securities Investment Fund	11,500,000	RMB-denominate d ordinary shares	11,500,000
Xie Ting	11,403,195	RMB-denominate d ordinary shares	11,403,195
Hong Kong Securities Clearing Co., Ltd.	10,658,332	RMB-denominate d ordinary shares	10,658,332
Xie Bingluan	9,627,254	RMB-denominate d ordinary shares	9,627,254
Li Huiqiang	9,563,797	RMB-denominate d ordinary shares	9,563,797
CCB - Guotai Health Equity Investment Fund	9,533,250	RMB-denominate d ordinary shares	9,533,250
ICBC - ZO Value Hybrid Securities Investment Fund	9,114,911	RMB-denominate d ordinary shares	9,114,911
Description on the related relationship or persons acting-in-concert arrangements among the above shareholders	Xie Bingzheng and Feng Lingling are husband and wife; Xie Bingzheng and Xie Ting are brothers; Xie Bingzheng, Feng Lingling, and Xie Ting are persons acting in concert. It is unknown to the Company whether other shareholders are related parties or parties acting in concert as stipulated in the Administrative Measures on Acquisition of Listed Companies.
Description on the top 10 shareholders’ participation in margin trading and securities lending business (if any)	None

(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders □ Applicable √ Not applicable
III. Other Significant Matters
√ Applicable □ Not applicable
(I) Phase III Employee Stock Ownership Plan
The Company convened the 32nd meeting of the Third Board of Directors and 20th meeting of the Third Board of Supervisors on
January 13, 2021 and the 2021 First Extraordinary General Meeting of Shareholders on January 29, 2021. The meetings deliberated
and approved the Proposal on the Phase III Employee Stock Ownership Plan (Draft) and Its Summary and other relevant proposals.
On February 27, 2021, the BIEM.L.FDLKK - Phase III Employee Stock Ownership Plan purchased total 6,494,626 shares of the
Company through centralized bidding in the secondary market. So far, the Phase III Employee Stock Ownership Plan has completed
share purchase, and the purchased shares will be locked in accordance with relevant provisions. On March 1, 2021, the Company published the Indicative Announcement on Expiry of the Lockup Period of the Phase III Employee
Stock Ownership Plan. The lockup period of the Phase III Employee Stock Ownership Plan has ended. As of the end of the reporting period, the Phase III Employee Stock Ownership Plan owns 6,494,626 shares of the Company,
accounting for 1.14% of its total share capital. Shareholding of the Plan was not changed during the reporting period.
(II) Convertible bonds
The Company convened the 9th meeting of the Fourth Board of Directors on January 24, 2022, which deliberated and approved the
Proposal on Early Call of “BIEM Convertible Bonds”. The Company decided to exercise the conditional call option and redeem all
“BIEM convertible bonds” that are registered in the Shenzhen Branch of China Securities Depository and Clearing Corporation
Limited and not converted into shares after the closing of the market on the redemption registration date at a price of bond face value
plus accrued interest of the current period. As at the market closing on February 22, 2022, still 3,058 “BIEM convertible bonds” were
not converted to shares, so the Company redeemed 3,058 bonds. At a call price of RMB100.42 per bond (face value plus current
accrued interest; the interest rate of the period was 0.6% and the accrued interest included tax; the call price after tax deduction was
subject to the price approved by China Securities Depository and Clearing Corporation Limited), the Company paid totally
RMB307,084.36 for the redemption. The total face value of the redeemed “BIEM convertible bonds” is RMB305,800.00, accounting
for 0.04% of the total bonds issued. Upon completion, all the convertible bonds have been redeemed and the BIEM convertible bonds
were delisted as they were no longer qualified for listing. IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: BIEM.L.FDLKK GARMENT 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	1,236,034,029.02	1,082,712,218.58
Settlement reserve
Lending funds
Financial assets held for trading	803,424,832.00	634,763,818.96
Derivative financial assets
Notes receivable
Accounts receivable	241,618,219.85	279,717,057.14
Accounts receivable financing
Prepayments	78,167,653.08	67,028,355.09
Premium receivable
Reinsurance payables
Reinsurance contract reserves receivable
Other receivables	70,278,308.55	89,889,485.22
Including: Interest receivable
Dividends receivable
Financial assets held under resale agreements
Inventory	653,556,657.48	660,214,219.41
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets	915,585,546.77	830,640,713.41
Total current assets	3,998,665,246.75	3,644,965,867.81
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivable
Long-term equity investment
Investment in other equity instruments	98,099,300.47	98,099,300.47
Other non-current financial assets
Investment property
Fixed assets	236,221,422.51	244,337,754.20
Construction in progress	144,548,909.77	148,165,548.36
Productive biological assets
Oil & gas assets
Right-of-use assets	356,403,897.11	407,448,654.74
Intangible assets	126,883,494.32	119,548,729.29
Development expenses
Goodwill
Long-term deferred expenses	94,259,923.32	105,243,120.55
Deferred income tax assets	98,964,353.56	93,314,368.55
Other non-current assets		1,833,508.45
Total non-current assets	1,155,381,301.06	1,217,990,984.61
Total assets	5,154,046,547.81	4,862,956,852.42
Current liabilities:
Short-term loans
Borrowings from PBC
Placements from banks and other financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payable	27,790,788.24	38,098,527.79
Accounts payable	159,898,812.90	126,522,502.78
Payments received in advance
Contract liabilities	141,332,219.56	140,669,127.30
Proceeds from financial assets sold under repo
Deposits from customers and interbank
Funds from securities trading agency
Funds from securities underwriting agency
Employee benefits payable	83,658,370.57	64,027,461.27
Taxes payable	189,755,378.61	130,969,262.60
Other payables	57,004,519.51	55,878,486.28
Including: Interests payable
Dividends payable
Service charge and commission payable
Reinsurance payable
Liabilities held for sale
Non-current liabilities due within one year	189,538,362.09	197,019,114.42
Other current liabilities	347,641,995.58	328,630,853.34
Total current liabilities	1,196,620,447.06	1,081,815,335.78
Non-current liabilities:
Insurance contract reserves
Long-term loans
Bonds payable		284,554,163.11
Including: Preference shares
Perpetual bonds
Lease liabilities	179,688,136.26	217,323,756.45
Long-term payable
Long-term employee benefits payable
Provision
Deferred income	30,000,000.00	30,000,000.00
Deferred tax liabilities	2,854,265.46	2,854,265.46
Other non-current liabilities
Total non-current liabilities	212,542,401.72	534,732,185.02
Total liabilities	1,409,162,848.78	1,616,547,520.80
Owner’s equity:
Share capital	570,707,084.00	550,326,712.00
Other equity instruments		27,524,454.16
Including: Preference shares
Perpetual bonds
Capital reserve	893,544,757.34	600,470,446.15
Less: Treasury shares
Other comprehensive income	-990,792.61	-842,173.72
Special reserves
Surplus reserves	258,110,335.93	258,110,335.93
General reserves
Retained earnings	2,022,544,576.16	1,809,851,821.97
Total equity attributable to owners of the parent company	3,743,915,960.82	3,245,441,596.49
Equities of minority shareholders	967,738.21	967,735.13
Total owner’s equity	3,744,883,699.03	3,246,409,331.62
Total liabilities and owners’ equity	5,154,046,547.81	4,862,956,852.42

Legal representative: Xie Bingzheng Person in charge of accounting: Tang Xinqiao Person in charge of accounting
department: Chen Shaobing
2. Consolidated income statement
Unit: RMB

Item	Incurred in the current period	Incurred in the prior period
I. Total Revenue	810,420,572.37	622,634,600.78
Including: Revenue	810,420,572.37	622,634,600.78
Interest income
Insurance premiums earned
Service charge and commission income
II. Costs and Expenses	552,546,551.89	438,314,330.18
Including: Cost of revenue	198,651,846.91	145,941,906.93
Interest expenses
Service charge and commission expenses
Surrender value
Net compensation expenses
Net appropriation of insurance reserve
Commissions on insurance policies
Reinsurance costs
Tax and surcharges	7,706,269.83	5,429,793.36
Selling expenses	280,295,330.40	229,321,822.75
Administrative expenses	43,648,121.41	36,840,697.64
R&D expenses	25,321,135.44	17,281,192.66
Finance expenses	-3,076,152.10	3,498,916.84
Including: Interest fees	5,972,669.50	7,197,666.07
Interest income	9,623,041.08	3,737,229.17
Plus: Other income	5,122,808.74	588,007.00
Return on investment ("-" indicates loss)	9,457,859.81	5,524,849.52
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)
Credit impairment losses ("-" indicates loss)
Asset impairment losses ("-" indicates loss)	-11,685,476.98	-6,891,519.29
Return on disposal of assets ("-" indicates loss)
III. Operating Profit ("-" indicates loss)	260,769,212.05	183,541,607.83
Plus: Non-operating revenue	28,333.04	131,944.49
Less: Non-operating expenses	1,022,979.96	129,512.09
IV. Total Profit ("-" indicates total loss)	259,774,565.13	183,544,040.23
Less: Income tax expense	47,081,807.86	33,007,892.61
V. Net Profit ("-" indicates net loss)	212,692,757.27	150,536,147.62
i. Classified by operation sustainability
1. Net profit from continued operation ("-" indicates net loss)	212,692,757.27	150,536,147.62
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	212,692,757.27	150,536,147.62
2. Minority shareholders’ profits and losses
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 profit or loss
1. Changes of remeasurement of the defined benefit plan
2. Other comprehensive income that cannot be transferred into 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 profit or loss
1. Other comprehensive income to be transferred into profit or loss under equity method
2. Changes in fair value of other debt investments
3. Financial assets reclassified into other comprehensive income
4.Provision for credit impairment of other debt investments
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	212,692,757.27	150,536,147.62
Total comprehensive income attributable to owners of the parent company	212,692,757.27	150,536,147.62
Total comprehensive income attributable to minority shareholders
VIII. Earnings per Share:
i. Basic earnings per share	0.38	0.29
ii. Diluted earnings per share	0.38	0.28

For business combinations under common control in the reporting period, the net profit realized by the combined party before the
combination is: RMB; the net profit realized by the combined party in the previous period is: RMB. Legal representative: Xie Bingzheng Person in charge of accounting: Tang Xinqiao Person in charge of accounting
department: Chen Shaobing
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	884,641,760.13	742,495,207.03
Net increase in deposits from customers, banks and non-bank financial institutions
Net increase in borrowings from 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	10,221,029.37	5,744,793.12
Sub-total of cash inflow from operating activities	894,862,789.50	748,240,000.15
Cash paid for goods purchased and services rendered	171,391,319.33	158,756,242.20
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	102,483,386.38	89,722,937.81
Payments of all types of taxes	86,040,615.85	66,405,536.72
Cash payments related to other operating activities	68,339,627.28	67,039,483.45
Sub-total of cash outflow from operating activities	428,254,948.84	381,924,200.18
Net cash flow from operating activities	466,607,840.66	366,315,799.97
II. Cash Flows from Investing Activities:
Cash received from recovery of investment
Cash received from the return on investments	11,560,852.45	8,401,155.07
Net cash received from the disposal of fixed assets, intangible assets, and other long-term assets
Net amount of cash received from the disposal of subsidiaries and other business entities
Cash received related to other investing activities	1,380,000,000.00	1,200,000,000.00
Sub-total of cash inflow from investing activities	1,391,560,852.45	1,208,401,155.07
Cash paid for the acquisition and construction of fixed assets, intangible assets, and other long-term assets	94,444,318.49	6,628,181.11
Cash paid for investments
Net increase in pledged loans
Net amount of cash paid for acquisition of subsidiaries and other business entities
Cash payments related to other investing activities	1,580,000,000.00	1,150,000,000.00
Sub-total of cash outflow from investing activities	1,674,444,318.49	1,156,628,181.11
Net cash flows from investing activities	-282,883,466.04	51,772,973.96
III. Cash Flows from Financing Activities:
Cash received from capital contribution
Including: Proceeds received by subsidiaries from minority shareholders’ investment
Cash received from borrowings
Cash received related to other financing activities		9,498,897.00
Sub-total of cash inflow from financing activities		9,498,897.00
Cash paid for repayments of borrowings
Cash payment for interest expenses and distribution of dividends or profits
Including: Dividend and profit paid by subsidiaries to minority shareholders
Cash payments related to other financing activities	35,496,927.12
Sub-total of cash outflow from financing activities	35,496,927.12
Net cash flows from financing activities	-35,496,927.12	9,498,897.00
IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents
V. Net Increase in Cash and Cash Equivalents	148,227,447.50	427,587,670.93
Plus: Opening balance of cash and cash equivalents	1,058,018,706.05	569,284,546.79
VI. Closing Balance of Cash and Cash Equivalents	1,206,246,153.55	996,872,217.72

(II) Report auditing （未完）