[一季报]泸州老窖(000568):2023年第一季度报告（英文版）
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时间：2023年05月18日 16:11:51 中财网 |
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原标题:泸州老窖:2023年第一季度报告（英文版）
Stock Code: 000568 Stock abbreviation: Luzhou Laojiao Announcement No. 2023-12 Luzhou Laojiao Co., Ltd.
Q1 2023 Report
Luzhou Laojiao 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 Statements:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management guarantee that the information presented in this report is free of any false records, misleading statements or material omissions, and shall individually and together be legally liable for truthfulness,
accuracy and completeness of its contents.
2. The responsible person for the Company, the responsible person for accounting work and the responsible person for the Company’s financial affairs (Accounting Supervisor) have warranted that
the financial statements in this report are true, accurate and complete. 3. Whether the financial statements of this report have been audited by an auditor □Yes ? No
This report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
1. Key financial information
1.1 Key accounting data and financial indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data.
| | Q1 2023 | Q1 2022 | YoY change (%) | | Operating revenues (CNY) | 7,610,153,819.27 | 6,311,964,675.84 | 20.57% | | Net profits attributable to
shareholders of the
Company (CNY) | 3,712,618,630.92 | 2,875,658,916.19 | 29.10% | | Net profits attributable to
shareholders of the
Company before non-
recurring gains and losses
(CNY) | 3,688,940,523.35 | 2,864,799,362.69 | 28.77% | | Net cash flows from
operating activities (CNY) | 1,508,783,232.53 | 1,131,497,885.76 | 33.34% | | Basic earnings per share
(CNY/share) | 2.53 | 1.96 | 29.08% | | Diluted earnings per share
(CNY/share) | 2.53 | 1.96 | 29.08% | | Weighted average ROE | 10.30% | 9.76% | 0.54% | | | 31 March 2023 | 31 December 2022 | Change (%) | | Total assets (CNY) | 58,341,416,403.54 | 51,385,481,354.52 | 13.54% | | Net assets attributable to
shareholders of the
Company (CNY) | 37,914,710,048.73 | 34,207,871,130.03 | 10.84% |
1.2 Non-recurring gains and losses
?Applicable □ N/A
| Item | Q1 2023 | Note | | Gain or loss on disposal of non-
current assets (inclusive of
impairment allowance write-offs) | 623,989.76 | | | Government grants accounted for, in
the profit or loss for the current
period (except for the government
grants closely related to the business
of the Company and continually
given at a fixed amount or quantity in
accordance with the national policies
and standards) | 4,717,960.76 | | | Gain or loss on fair-value changes on
held-for-trading financial assets and
liabilities & income from disposal of
held-for-trading financial assets and
liabilities and available-for-sale
financial assets (exclusive of the
effective portion of hedges that arise
in the Company’s ordinary course of
business) | 21,371,683.03 | | | Other non-operating income and
expenditure except above-mentioned
items | 4,854,021.41 | | | Less: Corporate income tax | 7,864,870.77 | | | Minority interests (after tax) | 24,676.62 | | | Total | 23,678,107.57 | |
Other items that meet the definition of non-recurring gain/loss: □Applicable ? N/A ?
No such cases for the reporting period.
Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public-Non-Recurring Gains and Losses as a recurring gain/loss item. □Applicable ? N/A ?
No such cases for the reporting period.
1.3 Changes in key financial data and indicators and reasons for the changes ? Applicable ? N/A
A. The closing balance of cash and cash equivalents increased by CNY 7,146,868,567.96 compared to the opening balance, indicating an increase of 40.25%. It was mainly due to the receipt of bank loan in
the current period.
B. The closing balance of contract liabilities decreased by CNY 840,608,958.64 compared to the opening balance, indicating a decrease of 32.75%; and the closing balance of other current liabilities
decreased by CNY 109,277,676.67 compared to the opening balance, indicating a decrease of 32.75%. It was mainly due to the decreased advances from customers in the current period. C. The closing balance of employee benefits payable decreased by CNY 272,572,974.36 compared to the opening balance, indicating a decrease of 40.38%. It was mainly due to the settlement in the current
period of performance-based pay for last year.
D. The closing balance of taxes payable decreased by CNY 1,326,588,888.94 compared to the opening balance, indicating a decrease of 38.11%. It was mainly due to the payment in the current period of
taxes payable as at the end of last year.
E. The closing balance of long-term loans increased by CNY 5,835,800,000.00 compared to the opening balance, indicating an increase of 183.54%. It was mainly due to the receipt of bank loan in the
current period.
F. The closing balance of other comprehensive income decreased by CNY 112,841,779.49 compared to the opening balance, indicating a decrease of 34.12%. It was mainly due to the decreased fair value
of equity investments.
G. Taxes and surcharges in the current period increased by CNY 276,332,079.82 compared to the same period of last year, indicating an increase of 42.01%. It was mainly due to the increased consumption tax in the current period.
H. Financial expenses in the current period increased by CNY 16,445,894.62 compared to the same period of last year. It was mainly due to the increased interest expenses in the current period. I. Investment income in the current period increased by CNY 63,541,925.41 compared to the same period of last year. It was mainly due to the increased earnings of investee Huaxi Securities in the
current period.
J. Net cash flows from operating activities in the current period increased by CNY 377,285,346.77 compared to the same period of last year, indicating an increase of 33.34%. It was mainly due to the
increased cash received from sale of goods in the current period. K. Net cash flows from investing activities in the current period increased by CNY 285,934,094.78 compared to the same period of last year. It was mainly due to the purchase of wealth management product (collective asset management plan) from securities firm in the prior period. L. Net cash flows from financing activities in the current period increased by CNY 5,170,529,701.77
compared to the same period of last year, indicating an increase of 888.40%. It was mainly due to the
receipt of bank loan in the current period.
2. Shareholder information
2.1 Total numbers of common shareholders and preference shareholders with resumed voting rights as well as shareholdings of top 10 shareholders
Unit: Share
| Total number of common
shareholders at the end of the
reporting period | 86,898 | Total number of preference shareholders with
resumed voting rights at the end of the reporting
period (if any) | 0 | | | | | Shareholdings of the top 10 shareholders | | | | | | | | Name of
shareholder | Nature of
shareholder | Shareholding
percentage | Total shares
held | Number of
holding
restricted
shares | Pledged, marked or frozen
shares | | | | | | | | Status of
shares | Number of
shares | | Luzhou
Laojiao Group
Co., Ltd. | State-owned
corporation | 25.89% | 381,088,389.00 | 0.00 | | | | Luzhou
XingLu
Investment
Group Co.,
Ltd. | State-owned
corporation | 24.86% | 365,971,142.00 | 0.00 | | | | Hong Kong
Securities
Clearing
Company
Limited | Outbound
corporation | 3.96% | 58,248,960.00 | 0.00 | | | | China
Securities
Finance
Corporation
Limited | Domestic non-
state-owned
corporation | 2.30% | 33,842,059.00 | 0.00 | | | | Bank of China
Co., Ltd. –
Baijiu index
classification
securities
investment
fund by China
Merchants | Other | 2.24% | 32,962,917.00 | 0.00 | | | | Fund | | | | | | | | Bank of China
Co., Ltd.－
Blue chip
selected
hybrid
securities
investment
fund by E
Fund | Other | 1.49% | 21,900,000.00 | 0.00 | | | | Industrial and
Commercial
Bank of China
Co., Ltd.-
Newly growth
hybrid
securities
investment
fund by
Invesco Great
Wall | Other | 1.02% | 14,974,300.00 | 0.00 | | | | Central Huijin
Asset
Management
Co., Ltd. | State-owned
corporation | 0.92% | 13,539,862.00 | 0.00 | | | | Agricultural
Bank of China
Co., Ltd. -
Consumption
industry stock
- based
securities
investment
fund by E
Fund | Other | 0.72% | 10,573,293.00 | 0.00 | | | | China Life
Insurance
Company
Limited-
Tradition-
common
insurance
product-005L
－CT001 Hu | Other | 0.61% | 8,937,012.00 | 0.00 | | | | Shareholdings of the top 10 non-restricted shareholders | | | | | | | | Name of shareholder | Number of non-restricted shares held | Type of shares | | | | | | | | Type | Number | | | | | Luzhou Laojiao Group Co., Ltd. | 381,088,389.00 | CNY common
shares | 381,088,389.0
0 | | | | | Luzhou XingLu Investment
Group Co., Ltd. | 365,971,142.00 | CNY common
shares | 365,971,142.0
0 | | | | | Hong Kong Securities Clearing
Company Limited | 58,248,960.00 | CNY common
shares | 58,248,960.00 | | | | | China Securities Finance
Corporation Limited | 33,842,059.00 | CNY common
shares | 33,842,059.00 | | | | | Bank of China Co., Ltd. – Baijiu
index classification securities
investment fund by China
Merchants Fund | 32,962,917.00 | CNY common
shares | 32,962,917.00 | | | | | Bank of China Co., Ltd.－Blue
chip selected hybrid securities
investment fund by E Fund | 21,900,000.00 | CNY common
shares | 21,900,000.00 | | | | | Industrial and Commercial
Bank of China Co., Ltd.-Newly
growth hybrid securities | 14,974,300.00 | CNY common
shares | 14,974,300.00 | | | |
| investment fund by Invesco
Great Wall | | | | | Central Huijin Asset
Management Co., Ltd. | 13,539,862.00 | CNY common
shares | 13,539,862.00 | | Agricultural Bank of China Co.,
Ltd. - Consumption industry
stock - based securities
investment fund by E Fund | 10,573,293.00 | CNY common
shares | 10,573,293.00 | | China Life Insurance Company
Limited-Tradition-common
insurance product-005L－
CT001 Hu | 8,937,012.00 | CNY common
shares | 8,937,012.00 | | Related parties or acting-in-concert | 1. Luzhou Laojiao Group Co., Ltd. and Luzhou XingLu Investment
Group Co., Ltd. are both holding state-owned companies under
the jurisdiction of SASAC of Luzhou. The two companies signed
the agreement of persons acting in concert on 31 December
2015. For details, please refer to the announcement of the
Company on 5 January 2016 - Announcement on the agreement
of persons acting in concert signed by shareholders. The
announcement number is 2016-1 (http://www.cninfo.com.cn/). The
two companies signed the renewed agreement of persons acting
in concert on 27 May 2021. For details, please refer to the
announcement of the Company on 29 May 2021 - Announcement
on the renewed agreement of persons acting in concert signed by
shareholders. The announcement number is 2021-18
(http://www.cninfo.com.cn/).
2. In addition, whether there is an association between the
remaining shareholders or they belong to persons acting in
concert is unknown. | | | | | | | | | | | | | | Top 10 shareholders participating in securities
margin trading (if any) | N/A | | |
2.2 Total number of preferred shareholders and shareholdings of the top 10 preferred shareholders
□Applicable ? N/A
3. Other significant events
?Applicable □ N/A
On 29 December 2022, the Proposal on the Grant of Reserved Restricted Shares to Awardees was deliberated and approved at the 26th Meeting of the 10th Board of Directors and the 15th Meeting of
the 10th Supervisory Committee, respectively. On 16 February 2023, the Company disclosed the Announcement on the Completion of the Grant of Reserved Restricted Shares of the 2021 Restricted Share Incentive Plan, Announcement No. 2023-3 (http://www.cninfo.com.cn/). Upon the registration of
the grant of the reserved restricted shares, 92,669 restricted shares were granted to 17 awardees, the grant price was CNY 89.466 per share and the listing date was 17 February 2023. Upon completion of the grant registration, the total number of shares of the Company increased from 1,471,895,100 to 1,471,987,769.
4. Financial statements
4.1 Financial statements
4.1.1 Consolidated balance sheet
Prepared by: Luzhou Laojiao Co., Ltd.
31 March 2023
| Item | 31 March 2023 | 31 December 2022 | | Current assets: | | | | Cash and cash equivalents | 24,904,396,779.21 | 17,757,528,211.25 | | Settlement reserves | | | | Lending funds | | | | Held-for-trading financial assets | 994,733,129.68 | 1,073,466,780.37 | | Derivative financial assets | | | | Notes receivables | | | | Accounts receivables | 9,285,469.39 | 5,939,420.78 | | Accounts receivables financing | 4,296,561,115.37 | 4,583,352,503.37 | | Prepayment | 149,186,102.82 | 114,257,506.26 | | Premiums receivable | | | | Reinsurance accounts receivable | | | | Reinsurance contract reserve | | | | Other receivables | 24,716,827.85 | 23,396,533.98 | | Including：Interests receivable | | | | Dividends receivable | | | | Buying back the sale of financial
assets | | | | Inventories | 10,149,595,444.19 | 9,840,742,374.85 | | Contract assets | | | | Assets held for sale | | | | Non-current assets due within one
year | | | | Other current assets | 204,560,549.82 | 153,035,946.94 | | Total current assets | 40,733,035,418.33 | 33,551,719,277.80 | | Non-current assets: | | | | Disbursement of loans and advances | | | | Investments in debt obligations | | | | Investments in other debt obligations | | | | Long-term receivables | | | | Long-term equity investments | 2,720,053,188.10 | 2,667,500,553.17 | | Investments in other equity
instruments | 983,164,358.73 | 1,136,736,978.11 | | Other non-current financial assets | | | | Investment property | 38,808,444.86 | 39,149,454.22 | | Fixed assets | 8,717,953,946.28 | 8,856,258,598.78 | | Construction in progress | 1,022,552,627.45 | 808,919,047.21 | | Productive biological assets | | | | Oil and gas assets | | | | Use right assets | 33,806,143.19 | 39,952,525.63 | | Intangible assets | 3,076,898,287.68 | 3,083,271,852.79 | | Development expenses | | | | Goodwill | | | | Long-term deferred expenses | 491,790.36 | 710,010.92 | | Deferred tax assets | 818,059,096.08 | 1,005,167,353.80 | | Other non-current assets | 196,593,102.48 | 196,095,702.09 | | Total non-current assets | 17,608,380,985.21 | 17,833,762,076.72 | | Total assets | 58,341,416,403.54 | 51,385,481,354.52 | | Current liabilities: | | | | Short-term loans | | | | Borrowings from the central bank | | | | Loans from other banks | | | | Held-for-trading financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | | | | Accounts payable | 2,260,191,342.13 | 2,311,665,585.04 | | Advance from customer | | | | Contract liabilities | 1,725,765,760.12 | 2,566,374,718.76 | | Financial assets sold for repurchase | | | | Deposits from customers and inter-
bank | | | | Customer brokerage deposits | | | | Securities underwriting brokerage
deposits | | | | Employee benefits payable | 402,461,910.95 | 675,034,885.31 | | Taxes payable | 2,154,561,840.04 | 3,481,150,728.98 | | Other payable | 1,271,331,621.49 | 1,202,409,278.49 | | Including：Interests payable | | | | Dividends payable | 16,594,850.58 | 16,594,850.58 | | Handling charges and commissions
payable | | | | Reinsurance accounts payable | | | | Liabilities held for sale | | | | Non-current liabilities due within one
year | 56,818,118.11 | 81,879,466.63 | | Other current liabilities | 224,349,548.80 | 333,627,225.47 | | Total current liabilities | 8,095,480,141.64 | 10,652,141,888.68 | | Non-current liabilities: | | | | Insurance contract reserves | | | | Long-term loans | 9,015,400,000.00 | 3,179,600,000.00 | | Bonds payable | 2,996,500,665.63 | 2,996,099,571.86 | | Including：Preference shares | | | | Perpetual bonds | | | | Lease liabilities | 29,776,436.69 | 29,096,969.66 | | Long-term payables | | | | Long-term payroll payables | | | | Accrued liabilities | | | | Deferred income | 31,771,468.81 | 33,704,323.80 | | Deferred tax liabilities | 126,751,719.73 | 166,043,663.88 | | Other non-current liabilities | | | | Total non-current liabilities | 12,200,200,290.86 | 6,404,544,529.20 | | Total liabilities | 20,295,680,432.50 | 17,056,686,417.88 | | Owners' equity | | | | Share capital | 1,471,987,769.00 | 1,471,895,100.00 | | Other equity instruments | | | | Including: preference shares | | | | Perpetual bonds | | | | Capital reserves | 4,915,414,592.00 | 4,800,154,468.99 | | Less: treasury stock | 647,312,723.52 | 639,021,998.78 | | Other comprehensive income | 217,909,466.35 | 330,751,245.84 | | Special reserves | | | | Surplus reserves | 1,471,895,100.00 | 1,471,895,100.00 | | General risk reserve | | | | Undistributed profits | 30,484,815,844.90 | 26,772,197,213.98 | | Total equity attributable to owners of
the parent company | 37,914,710,048.73 | 34,207,871,130.03 | | Non-controlling interests | 131,025,922.31 | 120,923,806.61 | | Total owners' equity | 38,045,735,971.04 | 34,328,794,936.64 | | Total liabilities and owners' equity | 58,341,416,403.54 | 51,385,481,354.52 |
Legal representative：Liu Miao
Person in charge of accounting affairs：Xie Hong
Person in charge of accounting department：Yan Li
4.1.2 Consolidated income statement
Unit: CNY
| Item | Q1 2023 | Q1 2022 | | 1. Total operating revenue | 7,610,153,819.27 | 6,311,964,675.84 | | Including: Operating revenue | 7,610,153,819.27 | 6,311,964,675.84 | | Interest income | | | | Earned premium | | | | Fee and commission
income | | | | 2. Total operating costs | 2,770,392,001.49 | 2,440,178,630.30 | | Including: Cost of sales | 906,489,329.36 | 856,697,976.98 | | Interest expense | | | | Handling charges and
commission expenses | | | | Refunded premiums | | | | Net payments for
insurance claims | | | | Net provision for
insurance contracts | | | | Bond insurance expense | | | | Reinsurance Expenses | | | | Taxes and surcharges | 934,103,786.18 | 657,771,706.36 | | Selling and distribution
expenses | 691,058,449.80 | 672,903,939.97 | | General and administrative
expenses | 249,290,819.83 | 276,250,258.07 | | Research and Development
expenses | 25,482,226.00 | 29,033,253.22 | | Financial expenses | -36,032,609.68 | -52,478,504.30 | | Including：Interest expenses | 125,103,651.63 | 63,035,341.73 | | Interest income | 163,408,426.49 | 116,728,885.54 | | Plus: Other income | 6,947,563.04 | 6,022,044.85 | | Investment income ("-" for losses) | 58,603,813.25 | -4,938,112.16 | | Including: income from
investment in associates and joint
ventures | 54,967,950.44 | -8,515,206.47 | | Income from the
derecognition of financial assets
measured at amortized cost | | | | Foreign exchange gains ("-"
for losses) | | | | Net gain on exposure hedges
(“-” for losses) | | | | Gains from the changes in fair
values(“-“ for losses) | 20,126,830.02 | 4,970,975.01 | | Credit impairment losses (“-”
for losses) | 506,094.24 | -1,286,540.82 | | Impairment losses(“-“ for
losses) | | | | Gains from disposal of
assets("-" for losses) | -623,989.76 | 0.00 | | 3. Operating profits ("-" for losses) | 4,925,322,128.57 | 3,876,554,412.42 | | Plus: non-operating income | 5,024,545.38 | 3,945,467.83 | | Less: non-operating expenses | 170,523.97 | 162,551.01 | | 4. Total profits before tax ("-" for
total losses) | 4,930,176,149.98 | 3,880,337,329.24 | | Less: income tax expenses | 1,208,293,895.10 | 989,104,638.68 | | 5. Net profit ("-" for net loss) | 3,721,882,254.88 | 2,891,232,690.56 | | 5.1 By operating continuity | | | | 5.1.1 Net profit from continuing
operation ("-" for losses) | 3,721,882,254.88 | 2,891,232,690.56 | | 5.1.2 Net profit from discontinued
operation ("-" for losses) | | | | 5.2 By ownership | | | | 1) Attributable to owners of the
parent company | 3,712,618,630.92 | 2,875,658,916.19 | | 2) Attributable to non-controlling
interests | 9,263,623.96 | 15,573,774.37 | | 6. Net of tax from other
comprehensive income | -113,249,020.72 | -48,933,737.96 | | Net of tax from other comprehensive
income to the owner of the parent
company | -112,841,779.49 | -48,621,605.79 | | 6.1 Other comprehensive income
cannot reclassified into the profit and
loss: | -115,179,464.55 | -36,114,491.38 | | 1) Remeasure the variation of net
indebtedness or net asset of defined
benefit plans | | | | 2) Share in other comprehensive
income that cannot be classified into
profit and loss under equity method | | | | 3) Changes in fair value of
investments in other equity
instruments | -115,179,464.55 | -36,114,491.38 | | 4) Changes in fair value of the
company’s credit risks | | | | 5) Other | | | | 6.2 Other comprehensive income
that will be reclassified into the profit
and loss | 2,337,685.06 | -12,507,114.41 | | 1) Share in other comprehensive
income that will be classified into
profit and loss under equity method | 2,835,340.65 | -12,125,620.38 | | 2) Changes in fair value of
investments in other debt obligations | | | | 3) Other comprehensive income
arising from the reclassification of
financial assets | | | | 4) Allowance for credit impairments in
investments in other debt obligations | | | | 5) Reserve for cash-flow hedge | | | | 6) Balance arising from the
translation of foreign currency
financial statements | -497,655.59 | -381,494.03 | | 7) Others | | | | Net of tax from other comprehensive
income to non-controlling interests | -407,241.23 | -312,132.17 | | 7. Total comprehensive income | 3,608,633,234.16 | 2,842,298,952.60 | | Total comprehensive income
attributable to owners of the parent | 3,599,776,851.43 | 2,827,037,310.40 | | company | | | | Total comprehensive income
attributable to non-controlling
interests | 8,856,382.73 | 15,261,642.20 | | 8. Earnings per share | | | | (1) Basic earnings per share | 2.53 | 1.96 | | (2) Diluted earnings per share | 2.53 | 1.96 |
Legal representative：Liu Miao
Person in charge of accounting affairs：Xie Hong
Person in charge of accounting department：Yan Li
4.1.3 Consolidated statement of cash flows
| Item | Q1 2023 | Q1 2022 | | 1. Cash flows from operating
activities | | | | Cash received from sale of goods
and rendering of services | 8,042,310,196.53 | 7,498,117,523.13 | | Net increase in customer bank
deposits and placement from banks
and other financial institutions | | | | Net increase in loans from central
bank | | | | Net increase in loans from other
financial institutions | | | | Premiums received from original
insurance contracts | | | | Net cash received from reinsurance
business | | | | Net increase in deposits and
investments from policyholders | | | | Cash received from interest, handling
charges and commissions | | | | Net increase in placements from
other financial institutions | | | | Net capital increase in repurchase
business | | | | Net cash received from customer
brokerage deposits | | | | Refunds of taxes and surcharges | 268,904.22 | 2,419,962.72 | | Cash received from other operating
activities | 203,610,173.93 | 119,317,519.96 | | Subtotal of cash inflows from
operating activities | 8,246,189,274.68 | 7,619,855,005.81 | | Cash paid for goods purchased and
services received | 1,302,008,639.40 | 1,857,903,339.77 | | Net increase in loans and advances
to customers | | | | Net increase in deposits in central
bank and other banks and financial
institutions | | | | Cash paid for original insurance
contract claims | | | | Net increase in lending funds | | | | Cash paid for interests, handling
charges and commissions | | | | Cash paid for policy dividends | | | | Cash paid to and on behalf of
employees | 528,119,794.54 | 503,609,888.56 | | Cash paid for taxes and surcharges | 4,178,376,070.71 | 3,289,405,043.03 | | Cash paid for other operating
activities | 728,901,537.50 | 837,438,848.69 | | Subtotal of cash outflows from
operating activities | 6,737,406,042.15 | 6,488,357,120.05 | | Net cash flows from operating
activities | 1,508,783,232.53 | 1,131,497,885.76 | | 2. Cash flows from investing
activities | | | | Cash received from disposal of
investments | 100,105,333.72 | 204,789,775.66 | | Cash received from returns on
investments | 2,391,009.80 | 2,351,477.76 | | Net cash received from disposal of
fixed assets, intangible assets and
other long-term assets | | 19,000.00 | | Net cash received from disposal of
subsidiaries and other business units | | | | Cash received from other investing
activities | | | | Subtotal of cash inflows from
investing activities | 102,496,343.52 | 207,160,253.42 | | Cash paid to acquire and construct
fixed assets, intangible assets and
other long-term assets | 223,117,083.05 | 313,715,087.73 | | Cash paid for investments | | 300,000,000.00 | | Net increase in pledge loans | | | | Net cash paid to acquire subsidiaries
and other business units | | | | Cash paid for other investing
activities | | | | Subtotal of cash outflows from
investing activities | 223,117,083.05 | 613,715,087.73 | | Net cash flows from investing
activities | -120,620,739.53 | -406,554,834.31 | | 3. Cash flows from financing
activities | | | | Cash received from investors | 8,290,725.74 | 636,232,466.00 | | Including: cash received by
subsidiaries from investments by
minority shareholders | | | | Cash received from borrowings | 5,850,000,000.00 | | | Cash received from other financing
activities | | | | Subtotal of cash inflows from
financing activities | 5,858,290,725.74 | 636,232,466.00 | | Cash paid for debt repayments | 10,000,000.00 | | | Cash paid for distribution of
dividends and profits or payment of
interest | 95,688,541.67 | 52,502,625.00 | | Including: dividends and profits paid
to minority shareholders by
subsidiaries | | | | Cash paid for other financing
activities | 65,040.00 | 1,722,398.70 | | Subtotal of cash outflows from
financing activities | 105,753,581.67 | 54,225,023.70 | | Net cash flows from financing
activities | 5,752,537,144.07 | 582,007,442.30 | | 4. Effect of fluctuation in exchange
rate on cash and cash equivalents | -3,053,249.05 | -587,251.67 | | 5. Net increase in cash and cash
equivalents | 7,137,646,388.02 | 1,306,363,242.08 | | Plus: balance of cash and cash
equivalents at the beginning of the | 17,729,006,591.87 | 13,402,528,941.83 | | period | | | | 6. Balance of cash and cash
equivalents at the end of the
period | 24,866,652,979.89 | 14,708,892,183.91 |
（未完）
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