[三季报]厦门象屿(600057):厦门象屿2022年第三季度报告（英文版）
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时间：2022年10月27日 00:53:43 中财网 |
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原标题:厦门象屿:厦门象屿2022年第三季度报告（英文版）
Stock Code: 600057 Abbreviation of Stock: Xiamen Xiangyu
Xiamen Xiangyu Co., Ltd.
Report for Third Quarter of 2022
The Board of Directors and all Directors of the Company shall guarantee that there is no
false recordation, misleading statement, or material omission in contents of this
Announcement, and shall assume the legal liability for authenticity, accuracy and
completeness of such contents.
Notes to Important Items:
The Board of directors, the Board of Supervisors, as well as Directors, Supervisors and Senior Management of the Company shall guarantee the authenticity, accuracy, and completeness of the contents of the Quarterly Report without any false recordation, misleading statement, or material omission, and shall assume the joint and several legal liabilities.
The person in charge of the Company, the person in charge of financial affairs, and the leading member of the accounting body (The person in charge of accounting) shall guarantee the authenticity, accuracy and completeness of the financial information in the Quarterly Report.
Whether the financial statements for the third quarter are audited or not □ Yes √ No
I. Key financial data
In the first three quarters of 2022, the Company achieves the operating income in the amount of RMB 391.8 billion, up 13.74% YoY; achieves the net profit attributable to the shareholders of the parent company in the amount of RMB 2.17 billion, up 31.23% YoY; achieves the return on equity of 15.26%, up 1.91 percentage points YoY; achieves the sales gross margin of 2.28%, up 0.02 percentage points YoY; achieves the net profit margin of 0.78%, up 0.16 percentage points YoY. The Company’s operating income and net profit attributable to the shareholders of the parent company both hit a record high in this period, and the Company continues to improve the operation efficiency.
During the reporting period, due to the repeated outbreak of COVID-19 epidemic, the intensity of geopolitical situation, and the fluctuation in commodity price, higher requirements are made for the ability of the bulk supply chain enterprises to operate, manage, and control risks. In the face of multiple challenges, the Company maintains strategic focus, continues to optimize customer structure, enrich commodity portfolio, consolidate logistics support, improve risk control system, and effectively cope with industrial cycle fluctuations and external risks. On this
basis, the Company seizes opportunities to expand market share, tap potential business opportunities, and ensure the stability of the overall operation. In terms of customer structure, in combination with its own strategic positioning and characteristics of business model, the Company takes the large and medium-sized manufacturing enterprises as its main target customer group with the service volume for them accounting for more than 50%. Among them, the service volume for the manufacturing enterprises of the ferrous metal supply chain accounts for more than 60%, that for the manufacturing enterprises of the stainless steel supply chain accounts for more than 70%, that for the manufacturing enterprises of the new energy supply chain accounts for more than 90%. With the low risk of default, the manufacturing enterprises’ needs of diversified and stable supply
chain services lay a solid foundation for stable growth of the Company. In terms of commodity portfolio, the Company achieves the bulk commodity business segment in the cargo volume of 141 million tons, remaining a stable status YoY; achieves the operating income in the amount of RMB 378.6 billion, up 12.99% YoY; achieves the gross profit in the amount of RMB 7.18 billion, up 6.11% YoY. The Company adheres to the philosophy of “whole-industry service”, expands high value-added products, and achieves the significant growth in operating performance of aluminum supply chain, new energy supply chain, and soybean supply chain, among which the operating income from new energy supply chain reaches RMB 14.7 billion, up 151% YoY; achieves the gross profit of RMB 385 million, up 245% YoY. In terms of logistics support, the Company achieves the operating income from bulk commodity logistics segment in the amount of RMB 5.82 billion, up 7.71% YoY; achieves the gross profit in the amount of RMB 754 million, up 20.22% YoY. In reliance on the networked logistics service system covering the whole country and connecting to overseas, the Company provides customers with multimodal transportation solutions, achieving the substantial growth in freight volume of bulk cargo in the Yangtze River Basin and the domestic coastal areas, and in the freight volume of “China-Vietnam, China-Thailand” routes. The Company achieves the operating income from comprehensive logistics in the amount of RMB 4.76 billion, up 14.06% YoY; and the gross profit in the amount of RMB 450 million, up 27.61% YoY. In terms of risk management and control, after the transformation from “traditional trader” to “supply chain service provider”, the risk exposure of the Company is largely reduced and the risk
becomes more controllable. On this basis, by increasing the proportion of manufacturing enterprises (from the perspective of customers), optimizing the product portfolio (from the perspective of commodities), upgrading the business model (from the perspective of models), and improving the risk control system (from the perspective of management and control), the Company forms a combination of measures to manage and control risks effectively, and ensure the stability of operation.
Looking to the future, the Company will anchor the strategic vision of “become the leading enterprise in the bulk supply chain industry and a world-class supply chain service enterprise”, and continue to optimize the customer structure and product portfolio mix, improve risk control system, deepen the business model with the focus on the “whole industry chain service” and the profitability model with the focus on the “service income”, improve the level of comprehensive income, and strive to over-fulfil the annual operation objective for 2022. (1) Key accounting data and financial indicators
Unit: million Yuan Currency: RMB
| Item | Current
reporting period | Changes on
a YoY basis
(%) | From beginning
of the year to end
of the reporting
period | Changes on a YoY
basis (%) | | Operating income | 137,607.92 | 8.49 | 391,758.58 | 13.74 | | Net profit attributable to
shareholders of the
listed company | 807.04 | 55.51 | 2,173.45 | 31.23 | | Net profit attributable to
shareholders of the
listed company after
deducting the non-
recurring profit and loss | 990.43 | 67.90 | 2,495.82 | 41.77 | | Net cash flow from
operating activities | Not applicable | Not
applicable | -3,711.88 | Not applicable | | Basic earnings per share
(Yuan/share) | 0.36 | 62.21 | 0.96 | 35.21 | | Diluted earnings per
share (Yuan/share) | 0.34 | 55.06 | 0.93 | 30.99 | | Weighted average return
on equity (%) | 5.67 | Increase by
1.54
percentage
points | 15.26 | Increase by 1.91
percentage points | | | At the end of
reporting period | At the end of last year | Increase/decrease
rate at the end of the
reporting period
compared to the end
of last year (%) | | | Total assets | 123,354.80 | 95,834.22 | 28.72 | | | Owner’s equity
attributable to the
shareholders of the
listed company | 17,694.68 | 17,214.26 | 2.79 | |
Note: The “Current Reporting Period” means the period of three months from the beginning of the current quarter to the end of the current quarter; the same as below. Remark:
In the above statement, the net profit attributable to the shareholders of the listed company in the current reporting period includes the after-tax interest attributable to the holders of the perpetual bonds in the reporting period in the amount of RMB 105 million; after deducting such interest, the amount of the net profit attributable to the shareholders of the listed company in the
current reporting period is RMB 2.07 billion. When calculating the basic earnings per share, the diluted earnings per share, the weighted average net return on equity, and other key financial indicators, the perpetual bonds and the interests accrued thereon are deducted. (2) Non-recurring profit and loss items and amounts thereof Unit: Yuan Currency: RMB
| Item | Amount in current
reporting period | Amount from beginning
of the year to the end of
the reporting period | Remark | | Gain or loss on
disposal of non-
current assets | 20,290,868.36 | 27,508,476.14 | | | The government
subsidies (except for
those closely related
to the Company’s
normal business
operations, in line
with national policies,
and continuously
available at certain
standard quota or
ration) included in the
current profit and loss | 252,871,489.99 | 349,426,340.21 | Including the amount of
government subsidies received
in previous years and
apportioned in the current
period. The amount of
government subsidies received
in the current period is RMB 336
million Yuan. | | The fund possession
cost charged to the
non-financial
enterprise and
included in the
current profit and loss | 4,392,338.44 | 13,978,006.09 | | | Except for the
effective hedging
business related to
the Company’s
normal business
operations, the
changes in fair value
recognized in profit or
loss derived from
holding trading
financial assets,
derivative financial
assets, trading
financial liabilities,
and derivative
financial liabilities, as
well as the income
from investment
obtained from
disposal of trading
financial assets,
derivative financial
assets, trading
financial liabilities,
derivative financial
liabilities, and other
investments on
bonds | -425,501,838.47 | -794,307,689.54 | Mainly including the changes in
fair value recognized in profit or
loss and the gains and losses on
disposal arising from the
hedging against the fluctuation
in commodity price and
exchange rate by the Company
with futures instrument and
foreign exchange contract in
order to support the spot
operation of the main business,
which are closely related to the
operating profit and loss of the
main business. | | Reversal of the
impairment provision
for receivables and | 4,399,611.04 | 12,903,794.14 | | | contractual assets for
which the impairment
tests are carried out
separately | | | | | Other non-operating
incomes and
expenses than those
above mentioned | -20,388,108.62 | 89,385,507.94 | | | Other profit and loss
items in line with the
definition of the non-
recurring profit and
loss | 1,346,875.37 | 3,934,440.72 | | | Less: Amount of
income tax
consequence | 65,467,522.03 | 71,159,716.04 | | | Amount of minority
equity consequence
(after tax) | -44,660,874.78 | -45,965,452.58 | | | Total | -183,395,411.14 | -322,365,387.76 | |
Note to the fact that the non-recurring profit and loss items as set forth in the “Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public – Non-Recurring Profit and Loss” as the non-recurring profit and loss items. □ Applicable √ Not Applicable
(3) The circumstances and causes for occurrence of changes in the key accounting data and financial indicators
√Applicable□ Not Applicable
| Name of item | Proportion of change
(%) | Main cause | | Net profit attributable to
shareholders of the
listed company | 31.23 | The main cause is that in the current period, the
Company has always been anchoring the core
demands of the customers, optimizing the
commodity and business structure, seizing the
opportunity for market expansion, and improving its
own supply chain service ability, so as to increase
its profitability continuously. | | Net profit attributable to
shareholders of the
listed company after
deducting the non-
recurring profit and loss | 41.77 | | | Net cash flow from
operating activities | Not applicable | The main cause is that in the current period, the
cash received from goods sold from the supply
chain business was accelerated, and the amount of
withdrawal of the payment for goods was
increased. | | Basic earnings per
share (Yuan/share) | 35.21 | The main cause is that the net profit attributable to
the shareholders of the listed company was
increased. | | Diluted earnings per
share (Yuan/share) | 30.99 | |
II. Information on shareholders
(1) The total number of common shareholders, the number of preferred shareholders whose voting rights are restored, and the shares held by top ten shareholder Unit: Shares
| Total number of
shareholders at the
end of the reporting
period | 38,809 | Total number of preferred
shareholders whose voting rights are
restored at the end of the reporting
period (if any) | 0 | | | | | Shares holding by top 10 shareholders | | | | | | | | Name of
Shareholder | Nature of
Shareholder | Number of
Shares Held | Proportion
of
Shareholdin
g (%) | Number of
Restricted
Shares
Held | Pledge, Marking, or
Freezing | | | | | | | | Status of
Share | Quantity | | Xiamen Xiangyu
Group Corporation | State-owned
legal person. | 1,122,603,723 | 49.80 | 0 | No | 0 | | National Social
Security Fund
Portfolio 503 | Others | 60,000,004 | 2.66 | 0 | No | 0 | | Xiamen CCRE
Group Co., Ltd. | State-owned
legal person | 50,226,994 | 2.23 | 0 | No | 0 | | China Agricultural
Reclamation
Industry
Development Fund
(L.P.) | Others | 43,149,000 | 1.91 | 0 | No | 0 | | National Social
Security Fund
Portfolio 114 | Others | 37,899,943 | 1.68 | 0 | No | 0 | | Hong Kong
Securities Clearing
Company Ltd. | Overseas
legal person | 33,933,388 | 1.51 | 0 | No | 0 | | Xiangyu Real Estate
Group Co., Ltd. | State-owned
legal person | 30,388,100 | 1.35 | 0 | No | 0 | | China Universal Asset
Management Co. Ltd.
– Social Security
Fund Portfolio 1103 | Others | 16,739,139 | 0.74 | 0 | No | 0 | | National Social
Security Fund
Portfolio 401 | Others | 16,148,301 | 0.72 | 0 | No | 0 | | Yinhua Fund
Management Co.,
Ltd. – Social
Security Fund
Portfolio 1105 | Others | 16,124,763 | 0.72 | 0 | No | 0 | | Shares holding by top 10 unrestricted shareholders | | | | | | | | Name of
Shareholder | Number of unrestricted outstanding shares
held | Class and number of shares | | | | | | | | Class of
shares | Number | | | |
| Xiamen Xiangyu
Group Corporation | 1,122,603,723 | RMB
ordinary
shares | 1,122,603,723 | | National Social
Security Fund
Portfolio 503 | 60,000,004 | RMB
ordinary
shares | 60,000,004 | | Xiamen CCRE
Group Co., Ltd. | 50,226,994 | RMB
ordinary
shares | 50,226,994 | | China Agricultural
Reclamation
Industry
Development Fund
(L.P.) | 43,149,000 | RMB
ordinary
shares | 43,149,000 | | National Social
Security Fund
Portfolio 114 | 37,899,943 | RMB
ordinary
shares | 37,899,943 | | Hong Kong
Securities Clearing
Company Ltd. | 33,933,388 | RMB
ordinary
shares | 33,933,388 | | Xiangyu Real Estate
Group Co., Ltd. | 30,388,100 | RMB
ordinary
shares | 30,388,100 | | China Universal Asset
Management Co. Ltd.
– Social Security Fund
Portfolio 1103 | 16,739,139 | RMB
ordinary
shares | 16,739,139 | | National Social
Security Fund
Portfolio 401 | 16,148,301 | RMB
ordinary
shares | 16,148,301 | | Yinhua Fund
Management Co.,
Ltd. – Social
Security Fund
Portfolio 1105 | 16,124,763 | RMB
ordinary
shares | 16,124,763 | | Note to association
or concerted action
of aforesaid
shareholders | Xiangyu Real Estate Group Co., Ltd. is a wholly-owned subsidiary of Xiamen
Xiangyu Group Corporation. The Company is not aware that whether there is any
association between the other aforesaid shareholders, or whether the other
aforesaid shareholders are the person acting in concert as stipulated in the
“Administration of the Takeover of Listed Companies Procedures”. | | | | Notes to
participation on top
10 shareholders and
top 10 unrestricted
shareholders in
securities margin
trading and
securities financing
business (if any) | Not applicable | | |
III. Other reminders
Other important information on the Company’s operating conditions during the reporting period that investors shall be reminded of
√Applicable□ Not Applicable
st
Based on the deliberation and approval at the 41 meeting of the Eighth Session of the Board of Directors of the Company, it is agreed that Xiamen Xiangyu Logistics Group Co., Ltd. (Hereinafter referred to as “Xiangyu Logistics”), as a wholly-owned subsidiary of the Company, shall continue to implement the market-oriented debt-for-equity swap. The Bank of Communications Financial Assets Investment Co., Ltd., the Bank of China Financial Assets Investment Co., Ltd., and China Orient Asset Management Co., Ltd. are introduced to increase the capital in the total amount of RMB 2.5 billion in cash. After such capital increase, such three
shareholders will hold 6.07%, 6.07% and 3.04% of the shares in Xiangyu Logistics respectively. The funds available from the capital increase shall be used mainly to repay the financial liabilities
falling within the consolidated statements of Xiangyu Logistics, which are mainly comprised of the bank loans. It is agreed that Heilongjiang Xiangyu Agricultural Products Co., Ltd. (Hereinafter
referred to as “Xiangyu Agricultural Products”), as a holding subsidiary of the Company, shall continue to implement the market-oriented debt-to-equity swap. The Agricultural Bank of China Financial Assets Investment Co., Ltd. is introduced to increase the capital in the amount of RMB 1 billion in cash. After such capital increase, Agricultural Bank of China Financial Assets Investment Co., Ltd. will hold 10.57% of the shares in Xiangyu Agricultural Products. The funds available from the capital increase shall be used mainly to repay the financial liabilities falling
within the consolidated statements of Xiangyu Agricultural Products, which are mainly comprised of the bank loans. As at the date of this Announcement, the new shareholders have made the contributions in full, and they are going through the industrial and commercial procedures. On July 6, 2022, the Company received the “Notice of Primary Feedback on Review of Administrative License Program by CSRC” (No. 221427) issued by China Securities Regulatory Commission, and made a public reply on August 3, 2022. For the feedback and reply in detail, please refer to the “Reply on Feedback to Application Document Submitted by Xiamen Xiangyu Co., Ltd. for Private Offering of A-Shares in 2022” disclosed by the Company on the website of Shanghai Stock Exchange. On October 19, 2022, based on the deliberation and approval at the rd rd
43 meeting of the Eighth Session of the Board of Directors and at the 23 meeting of the Eighth Session of Board of Supervisors of the Company, according to the regulatory regulations and the prudent judgment made by the Company, the Company deducted the funds related to financial investment in the total amount of RMB 280.24 million from the total amount of funds so raised. Accordingly, the amount of funds so raised and the number of shares issued in this private offering in 2022 were adjusted as follows: The total amount of fund so raised was reduced from “RMB 3.50 billion” to “RMB 3,219.76 million”, and the amount subscribed by Xiamen Xiangyu Group Corporation (Hereinafter referred to as “Xiangyu Group”) was reduced from “RMB 1.50 billion” to “RMB 1,219.76 million”; whereas the implementation of the profit distribution
plan for 2021 was completed, based on the adjusted issue price of RMB 6.52 per share, the number of issued shares was reduced from “536,809,815 shares” to “493,828,189 shares”. The number of shares issued to Xiangyu Group was reduced from “230,061,349” shares to “187,079,723” shares. The other contents of the original issuance plan remained unchanged. For details, please refer to the relevant announcements disclosed by the Company on October 20 (Announcement No.2022-087, 2022-088, 2022-089, 2022-090, and 2022-091).
IV. Quarterly financial statements
(1) Type of auditor’s opinions
□ Applicable √ Not Applicable
(2) Financial statements
Consolidated Balance Sheet
As at September 30, 2022
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
| Item | September 30, 2022 | December 31, 2021 | | Current assets: | | | | Cash and cash equivalents | 21,485,560,237.24 | 13,614,086,538.04 | | Deposit reservation for balance | | | | Lending to Banks and Other Financial Institutions | | | | Held-for-trading financial assets | 2,509,684,195.31 | 4,750,094,750.04 | | Derivative financial assets | 565,799,665.23 | 274,597,786.50 | | Notes receivable | 272,179,504.46 | 105,918,368.37 | | Accounts receivable | 20,478,399,534.40 | 14,395,603,332.95 | | Financing of receivables | 479,947,189.83 | 189,516,446.47 | | Prepayments | 22,922,029,380.21 | 16,995,820,170.44 | | Premiums receivable | | | | Reinsurance accounts receivable | | | | Provision of cession receivable | | | | Other receivables | 2,693,527,017.97 | 1,682,887,167.42 | | Including: Interests receivable | | | | Dividends receivable | | | | Redemptory monetary capital for sale | | | | Inventories | 29,857,067,583.36 | 22,195,313,267.99 | | Contract assets | 662,218,543.10 | 631,218,355.82 | | Held-for-sale assets | | | | Non-current assets due within one year | 301,390,068.51 | | | Other current assets | 3,215,860,119.50 | 3,160,374,498.97 | | Total current assets | 105,443,663,039.12 | 77,995,430,683.01 | | Non-current assets: | | | | Loan and advance in cash | | | | Investment in creditor’s right | | | | Other investments in creditor’s right | | | | Long-term receivables | 1,000,000.00 | 1,000,000.00 | | Long-term equity investment | 1,538,986,319.88 | 1,603,180,579.36 | | Investment in other equity instruments | | | | Other non-current financial assets | 108,111,417.98 | 96,088,266.30 | | Investment properties | 786,161,259.44 | 816,189,270.75 | | Fixed assets | 9,780,574,309.80 | 10,087,004,698.74 | | Construction in progress | 846,776,361.36 | 880,849,893.75 | | Productive biological assets | | | | Oil and gas assets | | | | Right-of-use assets | 599,683,190.83 | 636,452,405.38 | | Intangible assets | 2,027,300,133.02 | 2,044,938,560.17 | | Development expenditure | 22,813,783.62 | 15,446,553.86 | | Goodwill | 12,669,186.90 | 12,669,186.90 | | Long-term unamortized expenses | 56,907,193.94 | 61,551,517.93 | | Deferred income tax assets | 1,145,455,546.00 | 1,016,951,185.99 | | Other non-current assets | 984,698,516.30 | 566,467,783.47 | | Total non-current assets | 17,911,137,219.07 | 17,838,789,902.60 | | Total assets | 123,354,800,258.19 | 95,834,220,585.61 | | Current liabilities: | | | | Short-term borrowing | 23,971,656,334.91 | 8,245,736,698.98 | | Borrowings from central bank | | | | Loans from other banks and other financial
institutions | | | | Trading financial liabilities | | | | Derivative financial liabilities | 1,160,664,258.48 | 135,979,682.51 | | Notes payable | 18,630,915,998.33 | 15,159,439,515.62 | | Accounts payable | 12,413,570,744.80 | 14,085,505,718.04 | | Account collected in advance | 29,002,619.30 | 26,718,777.21 | | Contract liabilities | 12,558,412,328.63 | 8,695,441,220.14 | | Financial assets sold for repurchase | | | | Deposits from customers and interbank | | | | Acting trading securities | | | | Acting underwriting securities | | | | Payroll payable | 1,444,710,761.53 | 1,278,652,332.02 | | Taxes payable | 840,690,331.65 | 1,229,239,776.11 | | Other payables | 3,204,219,188.53 | 1,321,676,272.49 | | Including: Interests payable | | | | Dividends payable | 145,279,845.77 | 82,349,935.56 | | Handling charges and commissions payable | | | | Accounts payable for reinsurance | | | | Held-for-sale liabilities | | | | Non-current liabilities due within one year | 1,598,409,351.16 | 3,127,085,440.68 | | Other current liabilities | 4,443,603,684.98 | 3,097,489,127.32 | | Total current liabilities | 80,295,855,602.30 | 56,402,964,561.12 | | Non-current liabilities: | | | | Provision for insurance contracts | | | | Long-term borrowings | 3,411,881,346.72 | 2,857,297,083.98 | | Bonds payable | 2,997,564,107.01 | 2,994,838,876.06 | | Including: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 200,981,063.98 | 275,211,064.13 | | Long-term payables | | | | Long-term payroll payable | 575,874,086.22 | 590,414,647.65 | | Estimated liabilities | 17,040,721.98 | 85,341,806.33 | | Deferred income | 289,920,837.71 | 302,820,139.38 | | Deferred income tax liabilities | 233,407,114.30 | 159,485,698.38 | | Other non-current liabilities | | 836,266,129.04 | | Total non-current liabilities | 7,726,669,277.92 | 8,101,675,444.95 | | Total liabilities | 88,022,524,880.22 | 64,504,640,006.07 | | Owner’s equity (or shareholders’ equity): | | | | Paid-up capital (or capital stock) | 2,254,093,987.00 | 2,157,454,085.00 | | Other equity instruments | 3,300,000,000.00 | 4,300,000,000.00 | | Including: Preferred shares | | | | Perpetual bonds | 3,300,000,000.00 | 4,300,000,000.00 | | Capital reserve | 6,022,146,745.17 | 5,555,015,054.06 | | Less: Treasury stock | 465,765,108.41 | 91,735,300.75 | | Other comprehensive income | 199,863,669.72 | -122,194,349.04 | | Appropriative reserve | | 303,204.72 | | Surplus reserve | 473,946,056.77 | 473,946,056.77 | | General risk reserve | | 2,690,089.11 | | Undistributed profits | 5,910,394,913.01 | 4,938,778,648.61 | | Total owner’s equity (or shareholders’ equity)
attributable to parent company | 17,694,680,263.26 | 17,214,257,488.48 | | Minority equity | 17,637,595,114.71 | 14,115,323,091.06 | | Total owner’s equity (or shareholders’ equity) | 35,332,275,377.97 | 31,329,580,579.54 | | Total liabilities and owner’s equity (or
shareholders’ equity) | 123,354,800,258.19 | 95,834,220,585.61 |
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Qi Weidong Leading member of accounting body: Lin Jing
Consolidated Income Statement
January – September 2022
Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
| Item | First Three Quarters
(January – September)
of 2022 | First Three Quarters
(January – September)
2021 | | I. Total operating income | 391,758,578,523.22 | 344,419,335,522.07 | | Including: Operating income | 391,758,578,523.22 | 344,419,335,522.07 | | Interest income | | | | Insurance premium earned | | | | Handling charges and commissions
income | | | | II. Total operating cost | 386,646,327,930.95 | 340,551,965,370.57 | | Including: Operating cost | 382,825,413,037.51 | 336,624,930,351.59 | | Interest expense | | | | Handling charge and commissions
expense | | | | Surrender value | | | | Net payment of insurance claims | | | | Net provision in insurance reserve | | | | Policy dividend | | | | Amortized reinsurance expenditures | | | | Taxes and surcharges | 466,293,280.56 | 269,749,481.08 | | Selling expenses | 1,721,322,259.07 | 1,544,390,807.07 | | Administrative expenses | 917,861,645.09 | 893,422,308.70 | | Research & development expense | 25,904,658.97 | 48,215,153.41 | | Financial expense | 689,533,049.75 | 1,171,257,268.72 | | Including: Interest expense | 1,240,836,592.83 | 962,670,968.55 | | Interest income | 161,056,886.66 | 77,504,583.48 | | Add: Other income | 373,499,258.19 | 149,581,833.31 | | Income from investment (Loss to be filled
in with “-”) | -172,659,152.92 | -417,738,508.10 | | Including: Income from investment in
associated enterprise and joint venture | 120,219,107.93 | 74,475,013.67 | | Income from derecognition of
financial assets measured at amortized cost | -97,599,805.16 | -81,070,533.50 | | Profit or loss on exchange (Loss to be
filled in with “-”) | | | | Net profit on exposure hedging (Loss to
be filled in with “-”) | | | | Income from change in fair value (Loss to
be filled in with “-”) | -721,563,230.34 | -180,231,185.93 | | Loss on credit impairment (Loss to be
filled in with “-”) | -70,633,462.81 | -14,996,518.76 | | Asset impairment loss (Loss to be filled in
with “-”) | -559,406,568.91 | -455,902,855.54 | | Income from disposal of assets (Loss to
be filled in with “-”) | 23,719,537.16 | 8,770,280.87 | | III. Operating profit (Loss to be filled in with “-”) | 3,985,206,972.64 | 2,956,853,197.35 | | Add: Non-operating income | 307,067,609.19 | 74,714,061.98 | | Less: Non-operating expense | 217,387,091.06 | 51,240,527.37 | | IV. Total profits (Total losses to be filled in with
“-”) | 4,074,887,490.77 | 2,980,326,731.96 | | Less: Income tax expense | 1,017,076,343.32 | 841,617,066.81 | | V. Net profit (Net loss to be filled in with “-”) | 3,057,811,147.45 | 2,138,709,665.15 | | (I) Classified by sustainable operation | | | | 1. Net profit from sustainable operation
(Net loss to be filled in with “-”) | 3,057,811,147.45 | 2,138,709,665.15 | | 2. Net profit from discontinued operation
(Net loss to be filled in with “-”) | | | | (II) Classified by attribution of ownership | | | | 1. Net profit attributable to the
shareholders of the parent company (Net loss
to be filled in with “-”) | 2,173,450,380.22 | 1,656,175,819.17 | | 2. Minority interest income (Net loss to be
filled in with “-”) | 884,360,767.23 | 482,533,845.98 | | VI. Net-of-tax other comprehensive income | 332,030,149.87 | 22,521,081.96 | | (I) Net-of-tax other comprehensive income
attributable to the parent company | 322,058,018.76 | 22,889,048.62 | | 1. Other comprehensive income that cannot
be reclassified as profit and loss | | | | (1) Amount of changes in re-measurement
of defined benefit plans | | | | (2) Other comprehensive income that
cannot be transferred to profit and loss under the
equity method | | | | (3) Change in fair value of other investments
in equity instruments | | | | (4) Changes in fair value of enterprise’s own
credit risk | | | | 2. Other comprehensive income to be
reclassified as profit and income | 322,058,018.76 | 22,889,048.62 | | (1) Other comprehensive income that can
be transferred to profit and loss under the equity
method | -275,917.58 | | | (2) Changes in fair value of other
investments on bonds | | | | (3) Amount of financial assets reclassified
and included in other comprehensive income | | | | (4) Provision for credit impairment of other
investments in bonds | | | | (5) Reserve for cash flow hedge | -13,704,450.00 | | | (6) Translation difference of foreign
currency financial statements | 336,038,386.34 | 22,889,048.62 | | (7) Others | | | | (II) Net-of-tax other comprehensive income
attributable to the minority | 9,972,131.11 | -367,966.66 | | VII. Total comprehensive income | 3,389,841,297.32 | 2,161,230,747.11 | | (I) Total comprehensive income attributable to
the owners of the parent company | 2,495,508,398.98 | 1,679,064,867.79 | | (II) Total comprehensive income attributable
to the minority | 894,332,898.34 | 482,165,879.32 | | VIII. Earnings per share: | | | | (I) Basic earnings per share (Yuan/share) | 0.96 | 0.71 | | (II) Diluted earnings per share (Yuan/share) | 0.93 | 0.71 |
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