[年报]公牛集团(603195):公牛集团股份有限公司2023年年度报告（英文版）
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时间：2024年05月06日 16:05:57 中财网 |
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原标题:公牛集团:公牛集团股份有限公司2023年年度报告（英文版）
Stock Code: 603195 Stock Name: Goneo Group
公牛集团股份有限公司
GONEO GROUP CO., LTD.
Annual Report 2023
Important Notes
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Goneo Group Co., Ltd. (hereinafter referred to as 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. All the directors of the Company attended the board meeting for the review of this Report.
3. Pan-China Certified Public Accountants LLP has issued an independent auditor’s report with unmodified unqualified opinion for the Company.
4. Ruan Liping, the Company’s legal representative, Liu Shengsong, the Company’s Chief Financial Officer, and Shen Kewei, head of the Company’s financial department (equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete.
5. Final dividend plan approved by the Board of Directors
As audited by Pan-China Certified Public Accountants LLP, net profit attributable to shareholders of
the Company as the parent stood at RMB3,870,135,376.47 for 2023, and the cumulative distributable profit of the Company as the parent was RMB5,044,894,263.44 as at 31 December 2023. The 2023 final dividend plan is as follows: Based on the total share capital (exclusive of the shares in the Company’s
repurchased share account) at the record date of the dividend payout, the Company intends to pay a cash
dividend of RMB31 (tax inclusive) per 10 shares to shareholders, with a bonus issue of 4.5 additional
shares for every 10 shares held by shareholders from capital reserves. According to the total share capital of 891,540,875 shares minus the 46 shares in the repurchased share account at the date when this Report was authorized for issue, the total cash dividend amount is
RMB2,763,776,569.90 (tax inclusive), and the total share capital will increase to 1,292,734,248 shares
upon the bonus issue (share capital subject to the number registered with the Shanghai branch of China
Securities Depository and Clearing Co., Ltd., with tail difference, if any, due to rounding). Where any change occurs to the total share capital before the record date of the dividend payout, the
cash dividend and bonus issue per share shall remain the same while the total payout and bonus issue
amount shall be adjusted accordingly.
The final dividend plan is subject to final approval by the 2023 Annual General Meeting of Shareholders.
6. Risk warning regarding forward-looking statements
√ Applicable □ Not applicable
Any plans, development strategies and other forward-looking statements mentioned in this Report shall not be considered as promises to investors. Investors and those concerned shall be sufficiently aware
of the risks and understand the differences between plans and forecasts and promises.
7. Indicate whether any of the controlling shareholder or other related parties occupied the Company’s capital for non-operating purpose.
N/A
8. Indicate whether the Company provided any guarantee for any external party in violation of the prescribed decision-making procedure.
N/A
9. Indicate whether over half of the directors refused to guarantee the truthfulness, accuracy and completeness of this Report.
N/A
10. Major risk warning
The Company has described the possible risks in this Report. For further information, please refer to
the contents under the heading “Possible risks” under Item VI (IV) in “Part III Management Discussion
and Analysis”.
11. Other information
□ Applicable √ Not applicable
Taking the Long Way
——To Our Shareholders
In 2023, we embraced change and innovation amidst a complex economic landscape both at home and abroad. Thanks to our unwavering dedication, we achieved commendable results, with our operating
revenue and profit soaring to record highs as we attained robust growth across economic cycles. During
the year, we recorded operating revenue of RMB15.695 billion, up 11.46% year on year; and a net profit
attributable to our shareholders of RMB3.87 billion, representing an increase of 21.37% from the year
earlier. We further fortified our strengths in the electric connection business. Despite profound adjustments
in the real estate sector, we still managed to secure rapid growth in the smart electrical lighting business.
And, riding tailwinds, we achieved leapfrog development in the new energy business. As a result, the
visibility and reputation of our brand—Goneo—have been further enhanced. In 2023, we were committed to innovation-driven development. Based on customer needs, we unveiled a range of highly recognised new products, such as the Master Track Socket, the Butterfly Wing
Ultra-thin Switch, the Bladeless Fan Lamp, the “Mini Power Cabin” Socket, the Safe Charging Point, and
the Smart No-main-lamp Lighting. These inventions have elevated Goneo to new heights in terms of smart,
high-end and trendy products. Throughout the year, the Company won more than ten Chinese and international design awards, including iF, Red Dot, IDEA, and Gmark. In 2023, we vigorously promoted channel reform as well, converting existing store-in-stores into flagship stores carrying comprehensive Goneo products. This has elevated both the stature of our outlets
and the image of Goneo as a provider of comprehensive products. Furthermore, we also introduced a new
retail model to achieve collaborative growth between our online and offline channels. In 2023, we drove comprehensive brand upgrades. We joined forces with globally acclaimed light designer Roger Narboni to launch “Murora”, an industry-pioneering no-main-lamp lighting brand that has
garnered widespread interest. Furthermore, we secured the endorsement of international supermodel Liu
Wen, who subsequently agreed to become the face of Goneo. We also collaborated with esteemed supercar
designer Fabrizio Giugiaro in crafting our Master Track Socket. Through a range of branding and digital
marketing activities, such as celebrity endorsements and KOL promotions, we have reinforced Goneo's
image as a leading trendsetter in safe electrical products. In 2023, we pursued excellence with determination, arranging our businesses, markets, and core capabilities from a forward-looking perspective. We also established our International Business Department, marking our comprehensive entry into the global market. Moreover, we founded our Process
Optimisation and Digitalisation Centre and joined forces with Huawei Cloud to officially release Goneo's
blueprint for digitalisation. Additionally, construction officially began on our smart lighting industrial base
in the city of Huizhou in Guangdong Province. These arrangements have laid a solid foundation for the
Company's long-term sustainable development.
In 2023, we also deepened our environmental, social, and governance (ESG) practices, vigorously promoting the utilisation of green energy and innovation in low-carbon products. We also advanced modern corporate governance in line with international standards. Meanwhile, we proactively fulfilled our
social responsibilities, donating a cumulative total of RMB193 million in the year to various causes such
as cultural education, healthcare, disaster relief, and poverty alleviation. Looking ahead, we will remain committed to our three major strategies: a smart ecosystem, new energy, and internationalisation. These efforts are guided by our principles of “taking the long way with
professionalism and devotion, and striving for No. 1”. We will also forge ahead with determination
towards our goal of RMB100 billion operating revenue, as well as our vision of “becoming a leader in the
international civil electrical industry”.
The Board of Directors of Goneo Group Co., Ltd.
April 2024
Contents
Part I Definitions ............................................................................................................ 7
Part II General Information of the Company and Key Financial Indicators ........... 10 Part III Management Discussion and Analysis.............................................................. 16
Part IV Corporate Governance ...................................................................................... 60
Part V Environmental and Social Responsibility ........................................................ 86
Part VI Significant Events ............................................................................................... 91
Part VII Changes in Ordinary Shares and Information about Shareholders ............ 111 Part VIII Relevant Information of Preference Shares .................................................. 126
Part IX Relevant Information of Corporate Bonds .................................................... 127
Part X Financial Statements ....................................................................................... 128
| Documents available for
reference | The financial statements for the year ended 31 December 2023 signed
and stamped by the legal representative, the Chief Financial Officer,
and the head of the financial department | | | The Independent Auditor’s Report for the year ended 31 December
2023 stamped by the CPA firm, as well as signed and stamped by the
relevant certified public accountants | | | The originals of all the Company’s documents and announcements
disclosed on newspapers and websites designated by CSRC during the
Reporting Period |
Part I Definitions
I Definitions
The expressions in the left column in the table below refer to the contents in the right column unless
otherwise specified.
| Definitions of frequently used terms | | | | The “Company”, “Goneo
Group”, “Goneo”, or
“we” | refers to | Goneo Group Co., Ltd. | | Reporting Period | refers to | The period from 1 January 2023 to 31 December 2023 | | Liangji Industrial | refers to | Ningbo Liangji Industrial Co., Ltd., the Company’s
controlling shareholder | | Ninghui Investment | refers to | Ningbo Ninghui Investment Management Partnership
(Limited Partnership) , the Company’s shareholder | | Suiyuan Investment | refers to | Xiamen Suiyuan Investment Partnership (Limited
Partnership) , the Company’s shareholder | | Qiyuanbao | refers to | Ningbo Qiyuanbao Investment Management
Partnership (Limited Partnership) , the Company’s
shareholder | | Cixi Goneo | refers to | Cixi Goneo Electrics Co., Ltd., a wholly-owned
subsidiary of the Company | | Shanghai Goneo | refers to | Shanghai Goneo Electrics Co., Ltd., a wholly-owned
subsidiary of the Company | | Ningbo Goneo | refers to | Ningbo Goneo Electrics Co., Ltd., a wholly-owned
subsidiary of the Company | | Banmen Electric
Appliance | refers to | Ningbo Banmen Electric Appliance Co., Ltd., a wholly-
owned subsidiary of the Company | | Goneo Photoelectric | refers to | Ningbo Goneo Photoelectric Technology Co., Ltd., a
wholly-owned subsidiary of the Company | | Goneo Precision | refers to | Ningbo Goneo Precision Manufacturing Co., Ltd., a
wholly-owned subsidiary of the Company | | Goneo Digital | refers to | Ningbo Goneo Digital Technology Co., Ltd., a wholly-
owned subsidiary of the Company | | Goneo International
Trading | refers to | Ningbo Goneo International Trading Co., Ltd., a
wholly-owned subsidiary of the Company | | Xingluo Trading | refers to | Ningbo Xingluo Trading Co., Ltd., a wholly-owned
subsidiary of the Company | | Electric Sales | refers to | Ningbo Goneo Electric Sales Co., Ltd., a wholly-owned
subsidiary of the Company | | Goneo HK | refers to | Goneo International Trading (HK) Limited, a wholly-
owned subsidiary of the Company | | Goneo Low Voltage | refers to | Ningbo Goneo Low Voltage Electric Co., Ltd., a
wholly-owned subsidiary of the Company | | Hainan Dacheng | refers to | Hainan Dacheng Supply Chain Management Co., Ltd.,
a wholly-owned subsidiary of the Company | | Murora Intelligent | refers to | Guangdong Murora Intelligent Lighting Co., Ltd., a
wholly-owned subsidiary of the Company | | Goneo New Energy | refers to | Ningbo Goneo New Energy Technology Co., Ltd., a
wholly-owned subsidiary of the Company | | Information Technology | refers to | Shanghai Goneo Information Technology Co., Ltd., a
wholly-owned subsidiary of the Company | | Intelligent Technology | refers to | Ningbo Goneo Intelligent Technology Co., Ltd. | | Shenzhen Intelligent | refers to | Shenzhen Goneo Intelligent Information Co., Ltd., a
wholly-owned subsidiary of the Company | | Domestic Electrical | refers to | Ningbo Goneo Domestic Electrical Appliance Co., Ltd., | | Appliance | | a wholly-owned subsidiary of the Company | | Goneo Marketing | refers to | Ningbo Goneo Marketing Co., Ltd., a wholly-owned
subsidiary of the Company | | Hangniu Hardware | refers to | Hangzhou Hangniu Hardware and Electrical Co., Ltd. | | Dalitek | refers to | Dalitek Intelligent Technology (Shanghai) Inc., a
majority-owned subsidiary of the Company | | Liangniu Hardware | refers to | Hangzhou Liangniu Hardware and Electrical Co., Ltd. | | Feiniu Hardware | refers to | Hangzhou Feiniu Hardware and Electrical Co., Ltd. | | Niuweiwang Trading | refers to | Suzhou Niuweiwang Trading Co., Ltd. | | Cixi Libo | refers to | Cixi Libo Electric Co., Ltd. | | Yaoyang Trading | refers to | Yichang Yaoyang Trading Co., Ltd. | | Huantian Technology | refers to | Hubei Huantian Technology Co., Ltd. | | Jianke Trading | refers to | Changde Jianke Trading Co., Ltd. | | Chenhao Electronic | refers to | Beijing Chenhao Electronic Technology Co., Ltd. | | Guoxin Trading | refers to | Changde Guoxin Trading Co., Ltd. | | Qiudi Trading | refers to | Hebei Qiudi Trading Co., Ltd. | | The “Articles of
Association” | refers to | The Articles of Association of Goneo Group Co., Ltd. | | The “Company Law” | refers to | The Company Law of the People’s Republic of China | | The “Securities Law” | refers to | The Securities Law of the People’s Republic of China | | A-stock | refers to | RMB-denominated ordinary stock | | CSRC | refers to | China Securities Regulatory Commission | | The Ministry of Finance | refers to | The Ministry of Finance of the People’s Republic of
China | | Sinolink Securities | refers to | Sinolink Securities Co., Ltd. | | SSE | refers to | The Shanghai Stock Exchange | | PCCPA or the
“Independent Auditor” | refers to | Pan-China Certified Public Accountants LLP | | RMB
RMB’000
RMB’0,000
RMB’00,000,000 | refers to | Expressed in the Chinese currency of Renminbi
Expressed in thousands of Renminbi
Expressed in tens of thousands of Renminbi
Expressed in hundreds of millions of Renminbi |
II Terminology
| Civil
electrical
appliances | refers to | Products that are typically purchased at the discretion of
consumers and are suitable for use at home, in the office and on
other occasions for power connection, transmission, storage,
conversion, control and other functions, such as adaptors, wall
switches and sockets, circuit breakers, distribution boxes, LED
lamps, etc. | | Adaptors | refers to | Products that are produced in accordance with GB/T 2099.3-2015
Plugs and Socket-outlets for Household and Similar Purposes --
Parts 2-5: Particular Requirements for Adaptors, GB/T 2099.7-
2015 Plugs and Socket-outlets for Household and Similar
Purposes -- Parts 2-7: Particular Requirements for Extension-cord
Sockets and GB/T 2099.1-2008 Plugs and Socket-outlets for
Household and Similar Purposes -- Part 1: General Requirements,
as well as similar foreign standards, and are commonly referred to
as adaptors in the Company.
Consumers or peer companies often call adaptors socket-outlets,
power strips, portable sockets, extension-cord sockets, or power
converters. | | PDU | refers to | Power Distribution Unit. PDU is an electric connection product
suitable for power distribution at the data center end that can make
power distribution more orderly, reliable, safe, professional and | | | | beautiful and make power supply maintenance more convenient
and reliable. | | Wall switches
and sockets | refers to | Wall switches and wall sockets. Specifically, a wall switch refers
to a device mounted on the wall for switching on/off the current of
one or more circuits and is commonly used to control the on/off
status of lighting lamps. A wall socket, also known as a fixed
socket, is an electrical accessory mounted on the wall, with a
socket inserted with a pin of a plug and installed with terminals for
connecting soft cables and hard wires, and is often used to provide
a power supply interface for electrical products. | | Smart
ecosystem | refers to | A novel, intelligent household appliance network that builds an
interconnected smart home ecosystem. | | LED lighting | refers to | Light sources that are produced using light-emitting diodes (such
as LED bulb lamps), or luminaries that are produced using LED as
a light source. | | No-main-
lamp lighting | refers to | A lighting design style and lighting without the main light source,
that is, a lighting design technique through which downlights,
spotlights, light belts, track lights and other luminaries are used to
create a light (light and shadow) atmosphere in a point-line-
surface combination manner. | | Charging
plugs | refers to | Portable chargers that are suitable for AC charging of new energy
vehicles and special protectors used to connect household sockets
and electric vehicles, with such functions as over-voltage and
under-voltage protection, over-current protection and leakage
protection. | | Charging
points | refers to | Fixed charging devices for AC charging of new energy vehicles
that often require special wiring and installation in garages and
special parking spaces, with such functions as over-voltage and
under-voltage protection, over-current protection, leakage
protection, insulation detection, electricity billing, timed charging
and reserved charging. | | Circuit
breakers | refers to | A mechanical switching device that can connect, carry and
disconnect the current both under normal circuit conditions and
under specified abnormal circuit conditions. They are also known
as automatic switches and are widely used in households, factories
and other distribution circuits. | | Distribution,
delivery, visit
and sales | refers to | A sales model in which specialized vehicles are used to provide
retail stores with goods distribution, goods delivery, visit services
and door-to-door sales on a regular basis along a fixed planned
route. | | BBS | refers to | Bull Business System |
Part II General Information of the Company and Key Financial Indicators
I Corporate Information
| Company name in Chinese | 公牛集团股份有限公司 | | Abbr. | 公牛集团 | | Company name in English | GONEO GROUP CO., LTD. | | Abbr. | GONEO | | Legal representative | Ruan Liping |
II Contact Information
| | Board Secretary | Securities Representative | | Name | Liu Shengsong | Jin Xiaoxue | | Address | Tower A7, 3888 Yinggang East Road,
Qingpu District, Shanghai | Tower A7, 3888 Yinggang East Road,
Qingpu District, Shanghai | | Tel. | 021-33561091 | 021-33561091 | | Fax | 021-33561091 | 021-33561091 | | E-mail
address | [email protected] | [email protected] |
III General Company Information
| Registered address | East Zone of Guanhaiwei Town Industrial Park, Cixi
City, Zhejiang Province | | Changes of registered address | N/A | | Office address | Tower A7, 3888 Yinggang East Road, Qingpu
District, Shanghai | | Zip code | 201703 | | Company website | http://www.gongniu.cn | | Email address | [email protected] |
IV Media for Information Disclosure and Place where this Report Is Lodged
| Media and websites where this Report is
disclosed | China Securities Journal, Shanghai Securities
News, Securities Daily, and Securities Times | | Stock exchange website where this Report is
disclosed | http://www.sse.com.cn | | Place where this Report is lodged | The Securities Department of the Company |
V Stock Profile
| Stock profile | | | | | | Class of stock | Stock exchange | Stock name | Stock code | Formerly used
stock name | | A-stock | Shanghai Stock
exchange | Goneo Group | 603195 | / |
VI Other Information
| Domestic CPA firm
appointed by the Company | Name | Pan-China Certified Public Accountants
LLP | | | Office address | Block B, China Resources Building, 1366
Qianjiang Road, Jianggan District,
Hangzhou | | | Accountants
writing
signatures | Yao Benxia, and Chen Zhuoyan |
VII Key Financial Information for the Past Three Years
(I) Key accounting information
Unit: RMB
| Key
accounting
information | 2023 | 2022 | | 2023-
over-2022
change
(%) | 2021 | | | | | Restated Before | | | | | | | | | | | Restated | Before | | Operating
revenue | 15,694,755,606.24 | 14,081,373,030.94 | 14,081,373,030.94 | 11.46 | 12,384,916,337.51 | 12,384,916,337.51 | | Net profit
attributable
to the listed
company’s
shareholders | 3,870,135,376.47 | 3,188,709,584.89 | 3,188,619,359.56 | 21.37 | 2,780,180,761.75 | 2,780,360,732.66 | | Net profit
attributable
to the listed
company’s
shareholders
before
exceptional
gains and
losses | 3,703,188,544.28 | 2,904,238,642.83 | 2,904,148,417.50 | 27.51 | 2,632,296,518.65 | 2,632,476,489.56 | | Net cash
generated
from/used
in operating
activities | 4,827,282,098.55 | 3,057,914,218.16 | 3,057,914,218.16 | 57.86 | 3,014,326,741.14 | 3,014,326,741.14 | | | 31 December
2023 | 31 December 2022 | | Change
of 31
December
2023 over
31
December
2022 (%) | 31 December 2021 | | | | | Restated Before | | | | | | | | | | | Restated | Before | | Equity
attributable
to the listed
company’s
shareholders | 14,445,921,963.84 | 12,398,775,930.17 | 12,398,865,675.75 | 16.51 | 10,755,571,605.72 | 10,755,751,576.63 | | Total assets | 19,762,205,724.93 | 16,651,920,835.06 | 16,650,497,198.32 | 18.68 | 15,477,458,023.79 | 15,473,904,666.62 |
(II) Key financial indicators
| Key financial indicator | 2023 | 2022 | | 2023-over-
2022 change
(%) | 2021 | | | | | Restated Before | | | | | | | | | | | Restated | Before | | Basic earnings per share
(RMB/share) | 4.36 | 3.59 | 3.59 | 21.45 | 3.13 | 3.13 | | Diluted earnings per share
(RMB/share) | 4.36 | 3.59 | 3.59 | 21.45 | 3.13 | 3.13 | | Basic earnings per share
before exceptional gains
and losses (RMB/share) | 4.18 | 3.27 | 3.27 | 27.83 | 2.96 | 2.96 | | Weighted average return on
equity (%) | 29.20 | 27.88 | 27.88 | Up by 1.32
percentage
points | 28.28 | 28.28 | | Basic earnings per share
(RMB/share) | 27.94 | 25.39 | 25.39 | Up by 2.55
percentage
points | 26.76 | 26.76 |
Explanations about the key accounting and financial information for the past three years: The Company implemented the 2022 final dividend payout on 8 June 2023. Based on the total share capital of 601,077,590 shares minus the shares in the repurchased share account at the record
date, a bonus issue of 0.48 additional share per existing share was carried out, and the total share
capital increased to 889,594,811shares upon the bonus issue. To ensure the comparability of basic and diluted earnings per share, data during the prior year have been adjusted accordingly. Net cash generated from operating activities increased by RMB1,769.3679 milllion during 2023 compared with last year, primarily driven by the decreased material costs and inventories.
VIII Accounting Data Differences under China’s Accounting Standards for Business Enterprises (CAS) and International Financial Reporting Standards (IFRS) and Foreign Accounting Standards
(I) Differences in net profit and equity attributable to the listed company’s shareholders under CAS and IFRS
□ Applicable √ Not applicable
(II) Differences in net profit and equity attributable to the listed company’s shareholders under CAS and foreign accounting standards
□ Applicable √ Not applicable
(III) Reasons for accounting data differences above
□ Applicable √ Not applicable
IX Key Financial Information for 2023 by Quarter
Unit: RMB
| | Q1
(January-March) | Q2
(April-June) | Q3
(July-September) | Q4
(October-December) | | Operating revenue | 3,334,141,811.90 | 4,258,286,219.83 | 4,014,398,938.17 | 4,087,928,636.34 | | Net profit
attributable to the
listed company’s
shareholders | 735,953,763.11 | 1,085,963,185.80 | 991,319,113.45 | 1,056,899,314.11 | | Net profit
attributable to the
listed company’s
shareholders before
exceptional gains
and losses | 645,437,841.61 | 1,020,193,181.61 | 957,161,316.24 | 1,080,396,204.82 | | Net cash generated
from/used in
operating activities | 1,439,163,828.60 | 1,539,850,319.44 | 1,041,360,458.80 | 806,907,491.71 |
Indicate whether any of the quarterly financial data in the table above differs from what have been
disclosed in the Company’s past periodic reports.
□ Applicable √ Not applicable
X Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
| Item | 2023 | Notes (if
applicable) | 2022 | 2021 | | Gain or loss on disposal of | -5,614,733.30 | | -3,980,890.27 | -9,714,625.18 | | non-current assets
(inclusive of impairment
allowance write-offs) | | | | | | Government grants
recognised in profit or loss
(exclusive of those that are
closely related to the
Company's normal
business operations and
given in accordance with
defined criteria and in
compliance with
government policies, and
have a continuing impact
on the Company's profit or
loss) | 191,833,723.62 | | 130,991,587.24 | 388,196,973.94 | | Gain or loss on fair-value
changes in financial assets
and liabilities held by a
non-financial enterprise, as
well as on disposal of
financial assets and
liabilities (exclusive of the
effective portion of hedges
that is related to the
Company's normal
business operations) | 7,786,015.00 | | -7,385,680.00 | 11,107,836.63 | | Capital occupation charges
on a non-financial
enterprise that are
recognised in profit or loss | 331,702.44 | | 590,062.34 | 8,121,324.51 | | Gain or loss on assets
entrusted to other entities
for investment or
management | 190,904,769.99 | | 279,374,491.92 | 171,623,256.63 | | Gain or loss on loan
entrustments | | | | | | Asset losses due to acts of
God such as natural
disasters | | | | | | Reversed portions of
impairment allowances for
receivables which are
tested individually for
impairment | | | | | | Gain equal to the amount
by which investment costs
for the Company to obtain
subsidiaries, associates and
joint ventures are lower
than the Company’s
enjoyable fair value of
identifiable net assets of
investees when making
investments | | | | | | Current profit or loss on
subsidiaries obtained in | | | | | | business combinations
involving entities under
common control from the
period-begin to
combination dates, net | | | | | | Gain or loss on non-
monetary asset swaps | | | | | | Gain or loss on debt
restructuring | | | | | | One-off costs incurred by
the Company as a result of
discontinued operations,
such as expenses for
employee arrangements | | | | | | One-time effect on profit
or loss due to adjustments
in tax, accounting and
other laws and regulations | | | | | | One-time share-based
payments recognized due
to cancellation and
modification of equity
incentive plans | | | | | | Gain or loss on changes in
the fair value of employee
benefits payable after the
vesting date for cash-
settled share-based
payments | | | | | | Gain or loss on fair-value
changes in investment
property of which
subsequent measurement is
carried out using the fair
value method | | | | | | Income from transactions
with distinctly unfair prices | | | | | | Gain or loss on
contingencies that are
unrelated to the Company's
normal business operations | | | | | | Income from charges on
entrusted management | | | | | | Non-operating income and
expense other than the
above | -172,631,226.63 | | -58,763,095.61 | -
327,898,293.86 | | Other gains and losses that
meet the definition of
exceptional gain/loss | | | 1,712,485.52 | 2,739,167.53 | | Less: Income tax effects | 45,407,663.66 | | 57,894,123.94 | 96,291,397.10 | | Non-controlling
interests effects (net of tax) | 255,755.27 | | 173,895.14 | | | Total | 166,946,832.19 | | 284,470,942.06 | 147,884,243.10 |
Items unlisted in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items are identified as exceptional Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items are identified as recurrent. □ Applicable √ Not applicable
XI Items Measured at Fair Value
√ Applicable □ Not applicable
Unit: RMB
| Item | Opening balance | Closing balance | Change in the
period | Effect on current
profit | | Held-for-trading
financial assets | 6,949,000,000.00 | 9,727,000,000.00 | 2,778,000,000.00 | | | Derivative
financial assets | 643,100.00 | 8,263,755.00 | 7,620,655.00 | | | Receivables
financing | 1,036,801.70 | 5,359,014.96 | 4,322,213.26 | | | Held-for-trading
financial liabilities | 18,200,000.00 | | -18,200,000.00 | 18,200,000.00 | | Other current
assets | 283,755,939.73 | 50,265,479.45 | -233,490,460.28 | | | Total | 6,968,879,901.70 | 9,740,622,769.96 | 2,771,742,868.26 | 18,200,000.00 |
（未完）
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