[一季报]深康佳Ｂ(200016):2023年第一季度报告（英文）
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时间：2023年04月28日 20:20:17 中财网 |
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原标题:深康佳Ｂ:2023年第一季度报告（英文）
Stock Code: 000016, 200016 Stock Name: Konka Group-A, Konka Group-B Announcement No. 2023-29 Bond Code: 114894, 133003 Bond Name: 21 Konka 01, 21 Konka 02 133040, 149987 21 Konka 03, 22 Konka 01 133306, 133333 22 Konka 03, 22 Konka 05
KONKA GROUP CO., LTD.
FIRST QUARTERLY REPORT 2023
Konka Group 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 (or the “Board”), 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, Chief Financial Officer (CFO), and head of the financial department (equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are factual, accurate and complete.
3. Indicate by tick mark 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 by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No
Reason for retrospective restatement:
√ Change of accounting policy □ Correction of accounting error □ Business combination involving entities under common control □ Other reasons
| | Q1 2023 | Q1 2022 | | YoY change (%) | | | | Before | Restated | Restated | | Operating revenue (RMB) | 4,600,647,851.61 | 8,320,135,785.93 | 8,320,135,785.93 | -44.70% | | Net profit attributable to the listed
company’s shareholders (RMB) | 152,513,923.41 | 103,900,130.02 | 104,376,396.19 | 46.12% | | Net profit attributable to the listed
company’s shareholders before
exceptional gains and losses (RMB) | -521,453,718.40 | -418,548,047.01 | -418,071,780.84 | -24.73% | | Net cash generated from/used in operating
activities (RMB) | -1,182,725,927.02 | -630,928,798.94 | -630,928,798.94 | -87.46% | | Basic earnings per share (RMB/share) | 0.0633 | 0.0431 | 0.0433 | 46.19% | | Diluted earnings per share (RMB/share) | 0.0633 | 0.0431 | 0.0433 | 46.19% | | Weighted average return on equity (%) | 1.98% | 1.13% | 1.13% | 0.85% | | | 31 March 2023 | 31 December 2022 | | Change (%) | | | | Before | Restated | Restated | | Total assets (RMB) | 38,345,572,552.50 | 38,016,368,073.05 | 38,027,575,163.66 | 0.84% | | Equity attributable to the listed company’s
shareholders (RMB) | 7,776,570,075.05 | 7,640,399,721.99 | 7,641,975,956.16 | 1.76% |
Reason for change of accounting policy and correction of accounting error: On 30 November 2022, the Ministry of Finance issued the Interpretation No. 16 for the Accounting Standards for Business Enterprises, according to which the provision regarding the "accounting treatments for deferred income taxes associated with assets and liabilities arising from single transactions that are not subject to the initial recognition exemption” is effective for
the Company from 1 January 2023. For lease liabilities and right-of-use assets recognized at the beginning of the earliest period for which the provision is first implemented as a result of the single transactions to which the provision applies, if taxable temporary differences and deductible
temporary differences arise, the Company adjusts the cumulative effect to opening retained earnings and other related financial statement items in the earliest period for which the financial
statements are presented in accordance with the aforesaid provision and the Accounting Standard No. 18 for Business Enterprises—Income Tax.
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
| Item | Q1 2023 | Note | | Gain/Loss arising from disposal of non-current assets (inclusive of impairment allowance
write-offs) | 813,719,198.23 | | | Government subsidies recognized in the current period, except for those acquired in the
ordinary course of business or granted at certain quotas or amounts according to the
government’s unified standards | 47,710,326.17 | | | Gain/Loss on changes in fair value arising from holding of trading financial assets and
liabilities and investment income from disposal of trading financial assets, financial
liabilities and available-for-sale financial assets other than effective hedge business related to
the Company’s normal operating businesses | 19,330,883.02 | | | Gain/loss on entrustment loans | 29,102,953.29 | | | Other non-operating income and expense other than the above | -730,150.95 | | | Less: Income tax effects | 228,953,147.42 | | | Non-controlling interests effects (after tax) | 6,212,420.53 | | | Total | 673,967,641.81 | |
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
| Item | Amount (RMB) | Reason | | Tax rebates on software | 1,173,279.11 | 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 |
(III) Changes in Key Financial Statement Line Items and Explanation √ Applicable □ Not applicable
Unit: RMB
| Item | 31 March 2023 | 1 January 2023 | Change
(%) | Explanation of why | | Accounts
receivable
financing | 130,292,827.60 | 237,187,228.44 | -45.07% | Expiration of notes receivable for accounts
receivable financing in the Reporting Period | | Investment
property | 1,411,935,815.98 | 802,407,844.60 | 75.96% | During the reporting period, projects under
construction were converted into investment real
estate, resulting in an increase in investment real
estate | | Employee
benefits payable | 164,854,050.74 | 348,608,204.05 | -52.71% | Payment of employee remunerations in the
Reporting Period | | Taxes payable | 193,156,126.51 | 291,102,679.36 | -33.65% | Payment of taxes in the Reporting Period | | Current portion
of non-current
liabilities | 4,447,600,623.73 | 409,220,030.69 | 986.85% | Mature bonds payable and the current portion of
non-current liabilities reclassified from long-term
borrowings in the Reporting Period | | Deferred income
tax liabilities | 261,413,172.81 | 99,030,646.40 | 163.97% | During the reporting period, the disposal of part of
Chutianlong Stock Co., Ltd. to recognize deferred
income tax liabilities | | Item | Q1 2023 | Q1 2022 | Change
(%) | Explanation of why | | Operating
revenue | 4,600,647,851.61 | 8,320,135,785.93 | -44.70% | During the reporting period, the company adjusted
and optimized non-core businesses with weak
coordination with the main business, resulting in a
decline in revenue scale | | Return on
investment | 816,925,419.92 | 356,591,250.76 | 129.09% | Income from equity disposal and influence of
accounting method changes of Chutian Dragon Co.,
Ltd. in the Reporting Period | | Net cash
generated
from/used in
operating
activities | -1,182,725,927.02 | -630,928,798.94 | -87.46% | During the reporting period, the increase in
inventories resulted in the outflow of cash paid for
goods and services | | Net cash
generated
from/used in
investing
activities | -162,066,625.49 | -587,891,465.97 | 72.43% | YoY decrease in cash paid for purchasing fixed
assets, intangible assets and other long-term assets
in the Reporting 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 | 86,514 | Number of preference shareholders with resumed voting rights (if any) | 0 | | | | | Top 10 shareholders | | | | | | | | Name of shareholder | Nature of
shareholder | Shareholding
percentage | Total shares
held | Restricted
shares
held | Shares in pledge,
marked or frozen | | | | | | | | Status | Shares | | OVERSEAS CHINESE TOWN | State-owned legal | 21.75% | 523,746,932 | 0 | | | | HOLDINGS COMPANY | person | | | | | | | CITIC SECURITIES BROKERAGE
(HONG KONG) CO., LTD. | Foreign legal person | 7.48% | 180,001,110 | 0 | | | | WANG JINGFENG | Domestic natural
person | 4.15% | 100,000,000 | 0 | | | | GUOYUAN SECURITIES BROKER
(HK) CO., LTD. | Foreign legal person | 2.45% | 58,927,225 | 0 | | | | HOLY TIME GROUP LIMITED | Foreign legal person | 2.38% | 57,289,100 | 0 | | | | GAOLING FUND,L.P. | Foreign legal person | 2.19% | 52,801,250 | 0 | | | | NAM NGAI | Foreign natural
person | 0.96% | 23,019,800 | 0 | | | | CHINA MERCHANTS SECURITIES
(HK) LIMITED | State-owned legal
person | 0.80% | 19,314,220 | 0 | | | | BOCOM INTERNATIONAL
SECURITIES LIMITED | Foreign legal person | 0.78% | 18,896,037 | 0 | | | | HONG KONG SECURITIES
CLEARING COMPANY LTD. | Foreign legal person | 0.63% | 15,273,088 | 0 | | | | Top 10 unrestricted shareholders | | | | | | | | Name of shareholder | Unrestricted
ordinary
shares held | Shares by class | | | | | | | | Class | Shares | | | | | OVERSEAS CHINESE TOWN HOLDINGS COMPANY | 523,746,932 | RMB-denominated ordinary share | 523,746,932 | | | | | CITIC SECURITIES BROKERAGE (HONG KONG)
CO., LTD. | 180,001,110 | Domestically listed foreign share | 180,001,110 | | | | | WANG JINGFENG | 100,000,000 | RMB-denominated ordinary share | 100,000,000 | | | | | GUOYUAN SECURITIES BROKER (HK) CO., LTD. | 58,927,225 | Domestically listed foreign share | 58,927,225 | | | | | HOLY TIME GROUP LIMITED | 57,289,100 | Domestically listed foreign share | 57,289,100 | | | | | GAOLING FUND,L.P. | 52,801,250 | Domestically listed foreign share | 52,801,250 | | | | | NAM NGAI | 23,019,800 | Domestically listed foreign share | 23,019,800 | | | | | CHINA MERCHANTS SECURITIES (HK) LIMITED | 19,314,220 | Domestically listed foreign share | 19,314,220 | | | | | BOCOM INTERNATIONAL SECURITIES LIMITED | 18,896,037 | Domestically listed foreign share | 18,896,037 | | | | | HONG KONG SECURITIES CLEARING COMPANY
LTD. | 15,273,088 | RMB-denominated ordinary share | 15,273,088 | | | | | Related or acting-in-concert
parties among shareholders
above | Happy Bloom Investment Limited, a wholly-owned subsidiary of the Company’s first
majority shareholder Overseas Chinese Town Holdings Company (“OCT Group” for short),
holds 180,001,110 and 18,360,000 ordinary shares in the Company respectively through
CITIC Securities Brokerage (Hong Kong) Co., Ltd. and China Merchants Securities (HK)
Limited. Happy Bloom Investment Limited and Overseas Chinese Town Holdings Company
are parties acting in concert. Other than that, it is unknown whether the other shareholders are
related parties or acting-in-concert parties or not. | | | | | | | Top 10 shareholders involved in
securities margin trading (if any) | Wang Jingfeng holds 100,000,000 A-shares in the Company through his securities account
for customer credit trading guarantee in Guotai Junan 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
Corporate bond issue: Currently, the public offering of corporate bonds of RMB1.2 billion was completed on 14 July 2022; as for the non-public offering of corporate bonds of RMB1.8 billion, RMB1.2 billion of corporate bonds have been issued respectively on 8 September 2022 and 18 October 2022. As for the rest of corporate bonds of RMB0.6 billion, relevant matters are being promoted as planned.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Konka Group Co., Ltd.
31 March 2023
Unit: RMB
| Item | 31 March 2023 | 1 January 2023 | | Current assets: | | | | Monetary assets | 5,508,180,261.97 | 5,988,095,490.71 | | Settlement reserve | | | | Loans to other banks and financial institutions | | | | Held-for-trading financial assets | 974,897,430.42 | | | Derivative financial assets | | | | Notes receivable | 873,401,368.95 | 1,059,737,243.54 | | Accounts receivable | 2,090,153,542.40 | 2,036,734,836.22 | | Receivables financing | 130,292,827.60 | 237,187,228.44 | | Prepayments | 348,297,818.38 | 389,947,652.39 | | Premiums receivable | | | | Reinsurance receivables | | | | Receivable reinsurance contract reserve | | | | Other receivables | 1,472,738,008.32 | 1,442,124,845.58 | | Including: Interest receivable | 4,691,969.53 | 3,878,580.64 | | Dividends receivable | | 272,999.43 | | Financial assets purchased under resale agreements | | | | Inventories | 4,923,487,671.20 | 4,409,767,756.22 | | Contract assets | | | | Assets held for sale | | | | Current portion of non-current assets | 12,131,788.69 | 14,630,000.00 | | Other current assets | 2,422,116,387.74 | 2,038,841,225.83 | | Total current assets | 18,755,697,105.67 | 17,617,066,278.93 | | Non-current assets: | | | | Loans and advances to customers | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | 800,400.00 | 800,400.00 | | Long-term equity investments | 5,830,552,477.38 | 6,351,232,955.58 | | Investments in other equity instruments | 23,841,337.16 | 23,841,337.16 | | Other non-current financial assets | 2,641,451,080.77 | 2,639,662,273.32 | | Investment property | 1,411,935,815.98 | 802,407,844.60 | | Fixed assets | 4,039,964,101.20 | 4,114,029,693.38 | | Construction in progress | 1,415,725,086.39 | 1,990,361,377.07 | | Productive living assets | | | | Oil and gas assets | | | | Right-of-use assets | 38,245,860.65 | 50,019,838.68 | | Intangible assets | 1,081,992,209.96 | 1,116,739,707.27 | | Development costs | | | | Goodwill | 22,196,735.11 | 22,196,735.11 | | Long-term prepaid expense | 510,239,917.35 | 387,309,503.07 | | Deferred income tax assets | 1,279,102,703.17 | 1,201,661,841.23 | | Other non-current assets | 1,293,827,721.71 | 1,710,245,378.26 | | Total non-current assets | 19,589,875,446.83 | 20,410,508,884.73 | | Total assets | 38,345,572,552.50 | 38,027,575,163.66 | | Current liabilities: | | | | Short-term borrowings | 7,065,682,875.16 | 7,579,559,304.97 | | Borrowings from the central bank | | | | Loans from other banks and financial institutions | | | | Held-for-trading financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | 1,055,892,081.93 | 1,054,573,822.04 | | Accounts payable | 2,301,879,604.84 | 2,659,946,562.93 | | Advances from customers | | 825.69 | | Contract liabilities | 712,146,964.36 | 601,044,358.35 | | 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 payable | 164,854,050.74 | 348,608,204.05 | | Taxes and levies payable | 193,156,126.51 | 291,102,679.36 | | Other payables | 1,593,870,928.75 | 1,895,711,373.34 | | Including: Interest payable | 29,627,245.69 | 29,590,464.00 | | Dividends payable | | | | Fees and commissions payable | | | | Reinsurance payables | | | | Liabilities directly associated with assets held for sale | | | | Current portion of non-current liabilities | 4,447,600,623.73 | 409,220,030.69 | | Other current liabilities | 78,098,011.79 | 68,449,783.71 | | Total current liabilities | 17,613,181,267.81 | 14,908,216,945.13 | | Non-current liabilities: | | | | Insurance contract reserve | | | | Long-term borrowings | 7,322,406,772.41 | 8,906,931,402.89 | | Bonds payable | 3,738,967,976.95 | 4,792,392,044.13 | | Including: Preference shares | | | | Perpetual bonds | | | | Lease liabilities | 31,784,224.41 | 36,586,639.16 | | Long-term payables | 7,491,941.30 | 7,964,127.18 | | Long-term employee benefits payable | 4,842,811.63 | 4,894,209.73 | | Provisions | 192,586,085.71 | 159,395,579.55 | | Deferred income | 325,256,711.48 | 334,844,966.31 | | Deferred income tax liabilities | 261,413,172.81 | 99,030,646.40 | | Other non-current liabilities | 311,712,735.60 | 314,233,260.08 | | Total non-current liabilities | 12,196,462,432.30 | 14,656,272,875.43 | | Total liabilities | 29,809,643,700.11 | 29,564,489,820.56 | | Owners’ equity: | | | | Share capital | 2,407,945,408.00 | 2,407,945,408.00 | | Other equity instruments | | | | Including: Preference shares | | | | Perpetual bonds | | | | Capital reserves | 347,813,376.32 | 365,247,361.05 | | Less: Treasury stock | | | | Other comprehensive income | -15,311,006.86 | -14,265,181.63 | | Specific reserve | | | | Surplus reserves | 1,244,180,364.24 | 1,244,180,364.24 | | General reserve | | | | Retained earnings | 3,791,941,933.35 | 3,638,868,004.50 | | Total equity attributable to owners of the Company as the parent | 7,776,570,075.05 | 7,641,975,956.16 | | Non-controlling interests | 759,358,777.34 | 821,109,386.94 | | Total owners’ equity | 8,535,928,852.39 | 8,463,085,343.10 | | Total liabilities and owners’ equity | 38,345,572,552.50 | 38,027,575,163.66 |
Legal representative: Zhou Bin CFO: Li Chunlei Head of the financial department: Ping Heng 2. Consolidated Income Statement
Unit: RMB
| Item | Q1 2023 | Q1 2022 | | 1. Revenues | 4,600,647,851.61 | 8,320,135,785.93 | | Including: Operating revenue | 4,600,647,851.61 | 8,320,135,785.93 | | Interest revenue | | | | Insurance premium income | | | | Fee and commission income | | | | 2. Costs and expenses | 5,278,599,377.48 | 8,941,642,023.63 | | Including: Cost of sales | 4,451,814,449.75 | 8,116,619,145.05 | | Interest costs | | | | 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 levies | 23,526,112.70 | 24,211,357.37 | | Selling expense | 249,669,243.57 | 285,983,402.43 | | Administrative expense | 200,548,687.25 | 168,812,302.22 | | R&D expense | 106,353,742.77 | 119,366,703.91 | | Finance costs | 246,687,141.44 | 226,649,112.65 | | Including: Interest costs | 224,916,477.38 | 243,819,799.49 | | Interest revenue | 59,467,053.77 | 52,821,276.29 | | Add: Other income | 40,112,945.00 | 201,195,546.29 | | Return on investment (“-” for loss) | 816,925,419.92 | 356,591,250.76 | | Including: Share of profit or loss of joint ventures and associates | -16,602,829.69 | 39,261,474.65 | | 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) | | | | Credit impairment loss (“-” for loss) | -2,853,517.25 | 2,597,264.26 | | Asset impairment loss (“-” for loss) | -706,509.70 | -1,299,627.80 | | Asset disposal income (“-” for loss) | -265,897.79 | 6,760,995.88 | | 3. Operating profit (“-” for loss) | 175,260,914.31 | -55,660,808.31 | | Add: Non-operating income | 10,265,709.63 | 9,556,431.75 | | Less: Non-operating expense | 2,437,470.87 | 940,039.98 | | 4. Gross profit (“-” for loss) | 183,089,153.07 | -47,044,416.54 | | Less: Income tax expense | 92,022,318.91 | -79,188,796.00 | | 5. Net profit (“-” for net loss) | 91,066,834.16 | 32,144,379.46 | | 5.1 By operating continuity | | | | 5.1.1 Net profit from continuing operations (“-” for net loss) | 91,066,834.16 | 32,144,379.46 | | 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
parent | 152,513,923.41 | 104,376,396.19 | | 5.2.1 Net profit attributable to non-controlling interests | -61,447,089.25 | -72,232,016.73 | | 6. Other comprehensive income, net of tax | -305,458.61 | -1,524,466.40 | | Attributable to owners of the Company as the parent | -1,045,825.23 | -1,067,773.17 | | 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 | -1,045,825.23 | -1,067,773.17 | | 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 | -1,045,825.23 | -1,067,773.17 | | 6.2.7 Other | | | | Attributable to non-controlling interests | 740,366.62 | -456,693.23 | | 7. Total comprehensive income | 90,761,375.55 | 30,619,913.06 | | Attributable to owners of the Company as the parent | 151,468,098.18 | 103,308,623.02 | | Attributable to non-controlling interests | -60,706,722.63 | -72,688,709.96 | | 8. Earnings per share | | | | 8.1 Basic earnings per share | 0.0633 | 0.0433 | | 8.2 Diluted earnings per share | 0.0633 | 0.0433 |
Legal representative: Zhou Bin CFO: Li Chunlei Head of the financial department: Ping Heng 3. Consolidated Cash Flow Statement
| Item | Q1 2023 | Q1 2022 | | 1. Cash flows from operating activities: | | | | Proceeds from sale of commodities and rendering of services | 4,577,159,145.45 | 8,562,218,536.27 | | 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 rebates | 64,819,428.29 | 74,729,863.58 | | Cash generated from other operating activities | 121,196,319.41 | 350,880,406.46 | | Subtotal of cash generated from operating activities | 4,763,174,893.15 | 8,987,828,806.31 | | Payments for commodities and services | 4,794,630,422.89 | 8,525,783,311.94 | | 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 employees | 571,153,686.19 | 608,845,622.58 | | Taxes and levies paid | 186,102,399.10 | 87,268,734.60 | | Cash used in other operating activities | 394,014,311.99 | 396,859,936.13 | | Subtotal of cash used in operating activities | 5,945,900,820.17 | 9,618,757,605.25 | | Net cash generated from/used in operating activities | -1,182,725,927.02 | -630,928,798.94 | | 2. Cash flows from investing activities: | | | | Proceeds from disinvestment | 277,786,299.25 | 43,513,336.72 | | Return on investment | 39,420,914.22 | 19,721,203.55 | | Net proceeds from the disposal of fixed assets, intangible assets
and other long-lived assets | 1,578,239.32 | 723,375.00 | | Net proceeds from the disposal of subsidiaries and other business
units | 18,818,889.67 | 25,434,651.84 | | Cash generated from other investing activities | 207,505,754.25 | 607,115,559.96 | | Subtotal of cash generated from investing activities | 545,110,096.71 | 696,508,127.07 | | Payments for the acquisition of fixed assets, intangible assets and
other long-lived assets | 363,745,861.03 | 868,492,619.15 | | Payments for investments | | 178,342,076.16 | | Net increase in pledged loans granted | | | | Net payments for the acquisition of subsidiaries and other
business units | | | | Cash used in other investing activities | 343,430,861.17 | 237,564,897.73 | | Subtotal of cash used in investing activities | 707,176,722.20 | 1,284,399,593.04 | | Net cash generated from/used in investing activities | -162,066,625.49 | -587,891,465.97 | | 3. Cash flows from financing activities: | | | | Capital contributions received | 345,946.00 | 35,012,000.00 | | Including: Capital contributions by non-controlling interests to
subsidiaries | 345,946.00 | 35,012,000.00 | | Borrowings received | 3,805,114,522.05 | 6,063,777,376.75 | | Cash generated from other financing activities | 54,574,868.72 | 42,697,575.48 | | Subtotal of cash generated from financing activities | 3,860,035,336.77 | 6,141,486,952.23 | | Repayment of borrowings | 2,923,642,749.55 | 4,923,815,316.07 | | Interest and dividends paid | 164,669,602.27 | 227,296,185.99 | | Including: Dividends paid by subsidiaries to non-controlling
interests | | | | Cash used in other financing activities | 127,611,602.55 | 193,931,979.72 | | Subtotal of cash used in financing activities | 3,215,923,954.37 | 5,345,043,481.78 | | Net cash generated from/used in financing activities | 644,111,382.40 | 796,443,470.45 | | 4. Effect of foreign exchange rates changes on cash and cash
equivalents | -7,901,003.24 | 1,805,449.90 | | 5. Net increase in cash and cash equivalents | -708,582,173.35 | -420,571,344.56 | | Add: Cash and cash equivalents, beginning of the period | 5,461,912,010.90 | 5,968,347,219.03 | | 6. Cash and cash equivalents, end of the period | 4,753,329,837.55 | 5,547,775,874.47 |
(II) Independent Auditor’s Report （未完） ![]()
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