ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Tsann Kuen (China) Enterprise Co., Ltd.
Report for the Third Quarter of 2019
October 2019
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Section I Important Statements
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Tsann Kuen (China) Enterprise Co., Ltd. (together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleadingstatements ormaterialomissions therein.
All theCompany’s directors have attended the Board meeting for the review of this Report andits summary.
Mr. Pan Zhirong, company principal, and Mr. Wu Jianhua, head of the accounting work& the accounting division (head of accounting) hereby guarantee that the financial statements carried in thisReport arefactual,accurate andcomplete.
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shallprevail.
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Section II Company Profile
I Keyfinancial results
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
Unit:RMB
||||||
|-|-|-|-|-|
|Item|30September2019|31December2018|Change(%)||
|Totalassets|1,954,892,781.06|1,842,514,750.64|6.10||
|EquityattributabletoshareholdersoftheCompany|726,606,403.59|648,801,684.35|11.99||
|Item|Q32019|YoYchange(%)|Q1-Q32019|YoYchange(%)|
|Operatingrevenue|567,950,007.62|-5.07|1,497,398,991.00|16.09|
|NetprofitattributabletoshareholdersoftheCompany|34,915,901.13|49.06|82,208,469.08|1,771.64|
|Net profit attributable to shareholders of the Companybeforeexceptionalprofitandloss|34,968,587.22|64.30|44,832,321.67|551.66|
|Netoperatingcashflow|46,236,107.54|-14.91|50,403,316.97|176.97|
|Basicearningspershare|0.18|50.00|0.44|1,566.67|
|Dilutedearningspershare|0.18|50.00|0.44|1,566.67|
|Weightedaveragereturnonequity(%)|4.88|0.95|11.90|12.70|

 Totalsharecapitaluptotheformertradingdatebeforethedisclosure:
|||
|-|-|
|Total share capital up to the former trading datebeforethedisclosure(share)|185,391,680|

FullydilutedEPScalculatedbythenewestsharecapital:
|||
|-|-|
|FullydilutedEPScalculated bythenewest sharecapital(RMB/share)|0.44|

Exceptionalprofitandloss
√Applicable□Notapplicable
Unit:RMB
||||
|-|-|-|
|Item|January-September2019|Note|
|Profit/loss on disposal of non-current assets (including offset amount of assetimpairmentprovisions)|63,553,375.02||
|Taxrebates,reductionsandexemptionsduetoapprovalbeyondauthorityorthelackofofficialapprovaldocuments|||
|Government grants charged to the profit/loss for the Reporting Period (exceptfor the government grants closely related to the business of the Company and|24,423,952.00||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||
|-|-|-|
|Item|January-September2019|Note|
|given at a fixed quota or amount in accordance with the State’s uniformstandards)|||
|Capital occupation charges on non-financial enterprises that are charged to theprofit/lossfortheReportingPeriod|||
|Profit due to the situation where investment costs for the Company to obtainsubsidiaries,associatesandjointventuresarelowerthantheenjoyablefairvalueofidentifiablenetassetsofinvesteeswhenmakinginvestments|||
|Profit/lossonnon-monetaryassetswap|||
|Profit/lossonentrustingotherswithinvestmentsorassetmanagement|||
|AssetimpairmentprovisionsduetoactsofGodsuchasnaturaldisasters|||
|Profit/lossondebtrestructuring|||
|Restructuringcostsinstaffarrangement,integration,etc.|||
|Profit/loss on the part over the fair value due to transactions with distinctlyunfairprices|||
|Reporting Period net profit/loss of subsidiaries acquired through businessmergersunderthesamecontrolfromperiod-beginningstomergerdates|||
|Profit/loss on contingencies irrelevant to the Company’s normal businessactivities|||
|Profit/lossonfairvaluechangesoftransactionalfinancialassetsandliabilities&investment profit on disposal of transactional financial assets and liabilities aswellasfinancialassetsavailableforsale,exceptforeffectivelyhedgingbusinessrelatedtonormalbusinessoperationsoftheCompany|4,935,188.65|Mainly the investmentincome of sales of forwardforeign exchange contract,incomefromchangesinfairvalue, and other currentassets income from wealthmanagementproducts|
|Impairmentprovision reversal for accountsreceivableonwhichtheimpairmenttestiscarriedoutseparately|||
|Profit/lossonentrustedloans|||
|Profit/lossonfairvaluechangesininvestingpropertiesofwhichthesubsequentmeasurementiscarriedoutadoptingthefairvaluemethod|||
|Effect on Reporting Period profit/loss when a one-off adjustment is made toReporting Period profit/Loss according to requirements of taxation, accountingandotherrelevantlawsandregulations|||
|Custodyfeeincomewhenentrustedwithoperations|||
|Non-operatingincomeandexpenseotherthantheabove|5,635,329.21||
|Otherprofit/lossthatmeetthedefinitionofexceptionalprofit/loss|||
|Less:Incometaxeffects|23,794,421.97||
|Minorityinterestseffects(aftertax)|37,377,275.50||
|Total|37,376,147.41||

Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the ExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalProfitandLoss, orreclassifiedanyexceptionalprofit/lossitemgivenasanexampleinthesaidexplanatoryannouncementtorecurrentprofit/loss□Applicable√Notapplicable
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. II Total number ofshareholders atthe period-endand shareholdingsoftop ten shareholders 1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as shareholdingsoftoptenshareholders
Unit:share
|||||||||
|-|-|-|-|-|-|-|-|
|Totalnumberofcommonshareholdersattheperiod-end||16,021||Total number of preference shareholders withresumedvotingrightsattheperiod-end|||0|
|Shareholdingsoftoptenshareholders||||||||
|Nameofshareholder|Natureofshareholder||Shareholdingpercentage(%)|Numberofsharesheld|Numberofrestrictedsharesheld|Pledgedorfrozenshares||
|||||||Statusofshares|Numberofshares|
|FORDCHEEDEVELOPMENTLIMITED|Foreigncorporation||29.10%|53,940,530|0|N/A|0|
|EUPAINDUSTRYCORPORATIONLIMITED|Foreigncorporation||13.09%|24,268,840|0|N/A|0|
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Foreigncorporation||4.95%|9,170,982|0|N/A|0|
|FILLMANINVESTMENTSLIMITED|Foreigncorporation||2.49%|4,621,596|0|N/A|0|
|SHENWAN HONGYUANSECURITIES (HK) CO.,LTD.|Foreigncorporation||1.09%|2,016,752|0|N/A|0|
|CHENYONGQUAN|Domesticindividual||1.03%|1,900,776|0|N/A|0|
|CHENYONGQING|Foreignindividual||0.84%|1,561,249|0|N/A|0|
|CHENLIJUAN|Foreignindividual||0.75%|1,398,634|0|N/A|0|
|DINGXIAOLUN|Domesticindividual||0.63%|1,173,500|0|N/A|0|
|XUQIANMING|Domesticindividual||0.33%|618,259|0|N/A|0|
|Shareholdingsoftoptennon-restrictedshareholders||||||||
|Nameofshareholder||||Numberofunrestrictedsharesheld|Varietyofshares|||
||||||Variety||Number|
|FORDCHEEDEVELOPMENTLIMITED||||53,940,530|Domesticallylistedforeignshares||53,940,530|
|EUPAINDUSTRYCORPORATIONLIMITED||||24,268,840|Domesticallylistedforeignshares||24,268,840|
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED||||9,170,982|Domesticallylistedforeignshares||9,170,982|
|FILLMANINVESTMENTSLIMITED||||4,621,596|Domesticallylistedforeignshares||4,621,596|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
|||||
|-|-|-|-|
|SHENWANHONGYUANSECURITIES(HK)CO.,LTD.|2,016,752|Domesticallylistedforeignshares|2,016,752|
|CHENYONGQUAN|1,900,776|Domesticallylistedforeignshares|1,900,776|
|CHENYONGQING|1,561,249|Domesticallylistedforeignshares|1,561,249|
|CHENLIJUAN|1,398,634|Domesticallylistedforeignshares|1,398,634|
|DINGXIAOLUN|1,173,500|Domesticallylistedforeignshares|1,173,500|
|XUQIANMING|618,259|Domesticallylistedforeignshares|618,259|
|Related or acting-in-concert parties among the aboveshareholders|The first, the second and the fourth largest shareholders are theCompany’s corporate controlling shareholders. It is unknown to theCompany whether there exists associated relationship among theshareholdersaboveortheyareacting-in-concertentitiesasstipulatedintheAdministrative Measures on Information Disclosure of Changes inShareholdingofListedCompanies.|||
|Top10shareholdersinvolvedinsecuritiesmargintrading|N/A|||

Did any of the top ten common shareholders or the top ten non-restricted common shareholders of the Company conduct any promissoryrepoduringtheReportingPeriod?
□Yes√No
Section III Significant Events
I Changes in major accounting statement items and financial indicators for the Reporting Period, as well asreasons forsuch changes
√Applicable□Notapplicable
Unit:RMB
||||||
|-|-|-|-|-|
|Item|30September2019|31December2018|+/-%|Mainreasonforchange|
|FinancialassetsmeasuredatfairvaluewithfairvaluechangesincludedintheprofitandlossfortheReportingPeriod|123,789.00|1,440,700.00|-91.41|Decline in assessed gains on forward forex contracts in thecurrentperiod|
|Prepayments|16,822,846.57|2,668,796.33|530.35|Prepaymentsforaluminiumingotandprepaidplantrentsinthecurrentperiod|
|Assetsheldforsale|0.00|4,311,436.92|-100.00|Completionofassetdisposalinthecurrentperiod|
|Constructioninprogress|1,594,856.44|895,756.17|78.05|No acceptance of premises renovation work uponexaminationinthecurrentperiod|
|Othernon-currentassets|1,975,525.02|3,495,224.64|-43.48|Acceptance of the equipment that had been prepaid for inthecurrentperiod|
|Short-termborrowings|15,348,260.30|10,432,044.21|47.13|Increaseinguaranteedloansinthecurrentperiod|
|Financialliabilitiesmeasuredatfairvaluewithfairvaluechangesincludedintheprofitandlossfor|7,805,500.00|0.00|100.00|Assessed losses on forward forex contracts in the currentperiod|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||||
|-|-|-|-|-|
|Item|30September2019|31December2018|+/-%|Mainreasonforchange|
|theReportingPeriod|||||
|Advancesfromcustomers|15,995,813.35|9,747,158.90|64.11|Advancesfromcustomerforgoodsinthecurrentperiod|
|Taxesandfarespayable|13,627,462.25|3,768,531.07|261.61|Withdrawal of enterprise income tax for increase in netprofitinthecurrentperiod|
|Deferredincometaxliabilities|48,315,954.43|27,505,224.10|75.66|Recognition of deferred income tax liabilities from assetdisposalforpolicyplantdemolitionPhaseIIofTsannKuenChina(Shanghai)EnterpriseCo.,Ltd.incurrentperiod|
|Othercomprehensiveincome|8,130,226.45|5,924,132.67|37.24|Riseincurrencytranslationincome|

||||||
|-|-|-|-|-|
|Item|January-September2019|January-September2018|+/-%|Mainreasonforchange|
|Otherincome|3,261,776.00|2,276,139.00|43.30|Increaseingovernmentsubsidiesincurrentperiod|
|Investmentincome|14,057,599.65|9,744,079.99|44.27|Increaseinincomefromwealthmanagementproductinthecurrentperiod|
|Assetimpairmentloss|-2,312,972.35|-12,648,743.40|81.71|Decline in inventory valuation allowances in the currentperiod|
|Assetdisposalincome|63,553,375.02|368,732.74|17,135.62|GainsonassetdisposalforpolicyplantdemolitionPhaseIIof Tsann Kuen China (Shanghai) Enterprise Co., Ltd. incurrentperiod|
|Non-businessrevenue|26,875,443.46|3,104,942.74|765.57|Subsidies for policy plant demolition Phase II of TsannKuen China (Shanghai) Enterprise Co., Ltd. in currentperiod|
|Non-businessexpenses|77,938.25|57,120.31|36.45|Increaseindonationexpensesinthecurrentperiod|
|Incometaxexpense|37,524,398.17|-271,427.47|13,924.83|Recognition of deferred income tax liabilities from assetdisposalforpolicyplantdemolitionPhaseIIofTsannKuenChina(Shanghai)EnterpriseCo.,Ltd.incurrentperiod|
|Netprofit|134,990,727.84|-9,083,916.37|1,586.04|Increase in YoY overall profit due to subsidies forexpropriation of plant Phase II of Tsann Kuen China(Shanghai) Enterprise Co., Ltd., increase in operatingrevenue and influence of RMB exchange rate in currentperiod|
|Netoperatingcashflow|50,403,316.97|-65,482,868.76|176.97|Increase inoperating revenueand cash received from salesofgoodsinthecurrentperiod|
|Netinvestingcashflow|-100,359,011.02|-256,498,962.27|60.87|1.NetamountofwealthmanagementproductrecoveredintheReportingPeriodincreasedcomparedtothatofthesameperiodoflastyear2.ReceiptofaccountsfromassetdisposalofPhaseIIofTsannKuenChina(Shanghai)EnterpriseCo.,Ltd.|
|Netfinancingcashflow|-10,570,441.66|48,471,387.05|-121.81|Increase in YoY dividend payment and loans ofsubsidiaries|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. II Progress ofsignificanteventsandanalysis&explanationson theirinfluenceandsolutions√Applicable□Notapplicable
1.Contingencies
(1)As MTN Products, Inc. / Water Solutions (Hong Kong) Ltd. ("MTN / WSL") did not pay the relevant payment in time and fulfilltheorderaccordingtothecontract,thesubsidiaryoftheCompany,TsannKuen(Zhangzhou)EnterpriseCo.,Ltd.submittedthe indictmenttotheSUPERIORCOURTOFCALIFORNIACOUNTYOFLOSANGELESon23November2016tosueMTN/WSL forpaymentofUSD707,522.92andUSD1,402,940forreservelosses,totalingUSD2,110,462.92.Bothpartiessignedthesettlement agreement on 22August 2019 and completed the action withdrawal without any influence on theCompany’s profit in the current period.
2.Progressofsignificantevents
||||
|-|-|-|
|Overviewofsignificantevent|Disclosuredate|Websitewheretherelevantcurrentannouncementisdisclosed|
|The controlling subsidiary company, Tsann Kuen China (Shanghai) EnterpriseCo.,LtdsignedtheExpropriationCompensationAgreement(secondphaseofthefactory) and received the first installment of expropriation compensation ofRMB44,172,066.5on15January2019.|16January2019|www.cninfo.com.cn|
|The controlling subsidiary company, Tsann Kuen China (Shanghai) EnterpriseCo.,LtdsignedtheExpropriationCompensationAgreement(secondphaseofthefactory) and received the final installment of expropriation compensation ofRMB44,172,066.5on25January2019.|26January2019|www.cninfo.com.cn|

Progressofanysharerepurchase:
□Applicable√Notapplicable
Progressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
III Commitments of theCompany’s actual controller, shareholders, related parties and acquirer, as well as the Company and other commitment makers, unfulfilled in this reporting period
□Applicable√Notapplicable
IVOperating result forecastfor2019
ForecastofapossibledeficitorconsiderableYoYchangeintheaccumulativenetprofitmadeduringtheperiodfromthebeginning
oftheyeartotheendofthenextreportingperiod,aswellasexplanationofwhy:
□Applicable√Notapplicable
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. V Securities investments
□Applicable√Notapplicable
VI Wealth management entrustment
√Applicable□Notapplicable
Unit:RMB’0,000
||||||
|-|-|-|-|-|
|Typeofwealthmanagement|Fundingsource|Principal|Outstandingamountbeforematurity|Overdueamount|
|Wealthmanagementproductpurchasedfrombank|Self-funded|64,500.00|49,000.00|0.00|

High-riskwealthmanagement entrustmentswithamountsthatareindividuallysignificant,orwithlowsecurity,lowliquidity,orno protectionoftheprincipal
□Applicable√Notapplicable
Wealthmanagemententrustmentswithpossibleimpairmentsincludinganexpectedlyunrecoverableprincipal
□Applicable√Notapplicable
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. VII Investments inderivativefinancial instruments
√Applicable□Notapplicable
Unit:RMB’0,000
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Operatingparty|Relation|Related-partytransactionornot|Typeofinvestmentinderivativefinancialinstruments|Initialinvestmentamount|Commencementdate|Terminationdate|Investmentamountatthebeginningoftheperiod|Pursedinthisreportingperiod|Soldinthisreportingperiod|Amountprovidedforimpairment|Investmentamountattheendoftheperiod|RatioofinvestmentamountattheendoftheperiodtotheCompany'snetassetattheendoftheperiod(%)|Actualprofit/lossfortheperiod|
|Bank|No|No|Forwardforex|82,556.37|January1,2019|September30,2019|22,778.24|59,778.13|46,323.88||36,232.49|49.87|-1,014.78|
|Total||||82,556.37|||22,778.24|59,778.13|46,323.88||36,232.49|49.87|-1,014.78|
|Sourceofinvestmentfunds||||AllfromtheCompany'sownfunds||||||||||
|Lawsuits||||Nolawsuits||||||||||
|Disclosure date of the announcement about the board’sconsentfortheinvestment||||March12,2013||||||||||
|Disclosure date of the announcement about the generalmeeting’sconsentfortheinvestment||||May18,2013||||||||||
|Riskanalysisandriskcontrolmeasuresforpositionsheldinderivatives in this reporting period (including but notlimitedtomarketrisk,liquidityrisk,creditrisk,operationalrisk,legalrisk,etc.)||||1.Analysisonrisksfromholdingofderivativeproducts:gainsorlossesfromdifferencebetweencontractedexchangerateandmarketexchangerateonvaluedate.2.Controlmeasures:(1) Principle: The purpose of the financial derivative operation is to avoid risks. The Company shall not conduct transactional operation for otherpurposesthanriskavoidance.TheCompanyshallnotconductcomplexderivativetradingabovetheactualoperationneedsandshallnotspeculateinderivativetradingwithhedgingasanexcuse.TheoverallcontractualamountforriskavoidanceoftheCompanyshallnotexceedthesummationofthenetriskexposureoftheexistingassetsandliabilitiesandthenetriskexposureofassetsandliabilitiesarisingfromtheoperationoftheCompanyinthecomingyear.(2) Staff requirements: Personnel taking part in the investment shall all fully understand the risks of derivative investment and strictly execute thebusinessoperationandriskmanagementmechanismsforderivativeinvestment.(3) Operation standardization: Before making a derivative investment, the Company shall rationally equip itself with professional personnel forinvestmentdecision-making,businessoperation,riskcontrol,etc.Itshallalsoinquireandcompareamongvariousmarketsandproducts.Besides,it||||||||||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
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|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Operatingparty|Relation|Related-partytransactionornot|Typeofinvestmentinderivativefinancialinstruments|Initialinvestmentamount|Commencementdate|Terminationdate|Investmentamountatthebeginningoftheperiod|Pursedinthisreportingperiod|Soldinthisreportingperiod|Amountprovidedforimpairment|Investmentamountattheendoftheperiod|RatioofinvestmentamountattheendoftheperiodtotheCompany'snetassetattheendoftheperiod(%)|Actualprofit/lossfortheperiod|
|||||shallstrictlycontrolthevarietyandsizeofderivativeinvestmentandtrytochoosederivativetradingonexchangeasmuchaspossible.(4)Periodicevaluation:Derivativeinvestmentsshallbeevaluatedatleasttwiceforamonthandtheevaluationreportshallbesenttoahigh-rankingexecutiveauthorizedbytheBoardofDirectors.AndaderivativeinvestmentreportshallbesenttotheBoardofDirectorsannually.TheCompanyanditssubsidiariesonlyneedtosubmittotheBoardofDirectorsofthesubsidiaries.(5)Losslimit:Theinvestmentlossonasinglederivativeandalltheinvestmentlossshallnotexceed20%ofthetotalinvestmentamount.(6)Auditsystem:Theauditdepartmentauditsderivativeproducttradingperiodicallyandsubmitsauditreportstorelevantunits.||||||||||
|Changesinmarketpriceorfairvalueofderivativesinvestedinthisreportingperiod(specificmethodsusedandrelevantassumption and parameter settings shall be disclosed foranalysisoffairvalueofderivatives)||||(1)LossesondeliveredderivativesintheReportingPeriodwereRMB1.0254million,andassessedlossonthoseunsettledwasRMB9.1224million,includinganRMB1.4407millionreversaloftheassessedgainsonunsettledforwardforexcontractsoflastyear.(2)Theformercontractedbankprovidedmonthlysheetsofestimatedexchangeratesfortheunduecontractedforwardexchangesonthelasttradingdayofthemonth.(3)Theprofitandlossfromfairvaluechangesofthederivativewasconfirmedaccordingtothedifferencebetweenthecontractedamountunduebythemonth*theestimatedexchangerateandthecurrencyamountwhenboughtin.||||||||||
|Significant changes in the Company’s accounting policiesand specific accounting principles for derivatives in thisreportingperiodascomparedtothepriorperiod||||Nosignificantchanges||||||||||
|Special opinions expressed by independent directorsconcerning the Company’s derivatives investment and riskcontrol||||TheCompanyhascarriedoutastrictinternalassessmentforthefinancialderivativebusinessandhasestablishedacorrespondingsupervisionmechanism.WeareoftheopinionthatthefinancialderivativebusinessconductedbytheCompanyisfairlynecessaryinitsroutineoperationandisincompliancewithrelevantlawsandregulations,withtheriskscontrollable.||||||||||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. VIII Visits paid to the Company in the Reporting Period for purposes of research, communication, interview, etc.
√Applicable□Notapplicable
|||||
|-|-|-|-|
|Dateofvisit|Wayofvisit|Typeofvisitor|About|
|September27,2019|Byphone|Individual|Inquired of the operation of theCompany|

IXIllegal provisionofguarantees forexternalparties
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
X Occupation of theCompany’s funds by the controlling shareholder or its related parties for non-operating purposes
□Applicable√Notapplicable
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Section IV Financial Statements
I Financialstatements
1.Consolidatedbalancesheet
PreparedbyTSANNKUEN(CHINA)ENTERPRISECO.,LTD.
Unit:RMB
||||
|-|-|-|
|Item|30September2019|31December2018|
|Currentassets:|||
|Monetaryfunds|563,629,573.66|469,692,295.47|
|Financialassets measuredat fair valuewithfairvaluechangesincludedintheprofitandlossfortheReportingPeriod|123,789.00|1,440,700.00|
|Derivativefinancialassets|||
|Notesandaccountsreceivable|356,890,916.24|280,796,130.89|
|Ofwhich:Notesreceivable|0.00|200,000.00|
|Accountsreceivable|356,890,916.24|280,596,130.89|
|Accountspaidinadvance|16,822,846.57|2,668,796.33|
|Otheraccountsreceivable|26,188,791.41|29,944,042.47|
|Ofwhich:Interestsreceivable|2,433,668.78|0.00|
|Dividendsreceivable|||
|Inventories|216,173,298.82|243,262,500.58|
|Assetsheldforsale|0.00|4,311,436.92|
|Non-currentassetsduewithinoneyear|||
|Othercurrentassets|497,313,762.59|527,497,484.82|
|Totalcurrentassets|1,677,142,978.29|1,559,613,387.48|
|Non-currentassets:|||
|Available-for-salefinancialassets|40,000.00|40,000.00|
|Held-to-maturityinvestments|||
|Long-termreceivables|||
|Long-termequityinvestments|||
|Investmentproperty|23,937,655.33|25,014,648.31|
|Fixedassets|186,688,116.54|191,073,302.46|
|Constructioninprogress|1,594,856.44|895,756.17|
|Productivelivingassets|||
|Oil-gasassets|||
|Intangibleassets|32,097,444.94|27,771,236.03|
|R&Dexpense|||
|Goodwill|||
|Long-termprepaidexpense|7,146,916.85|8,058,867.12|
|Deferredincometaxassets|24,269,287.65|26,552,328.43|
|Othernon-currentassets|1,975,525.02|3,495,224.64|
|Totalnon-currentassets|277,749,802.77|282,901,363.16|
|Totalassets|1,954,892,781.06|1,842,514,750.64|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||
|-|-|-|
|Item|30September2019|31December2018|
|Currentliabilities:|||
|Short-termborrowings|15,348,260.30|10,432,044.21|
|Financialliabilitiesatfairvaluethroughprofitorloss|7,805,500.00|0.00|
|Derivativefinancialliabilities|||
|Notesandaccountspayable|618,851,034.93|672,895,647.66|
|Ofwhich:Notespayable|26,717,493.62|17,120,079.05|
|Accountspayable|592,133,541.31|655,775,568.61|
|Accountsreceivedinadvance|15,995,813.35|9,747,158.90|
|Payrollpayable|45,080,043.06|48,587,140.78|
|Taxespayable|13,627,462.25|3,768,531.07|
|Otheraccountspayable|49,832,667.36|52,818,204.91|
|Ofwhich:Interestspayable|0.00|23,919.09|
|Dividendspayable|||
|Reinsurancepremiumspayables|||
|Insurancecontractreserve|||
|Payablesforactingtradingofsecurities|||
|Payablesforunderwritingofsecurities|||
|Liabilitiesheldforsale|||
|Non-currentliabilitiesduewithinoneyear|||
|Othercurrentliabilities|||
|Totalcurrentliabilities|766,540,781.25|798,248,727.53|
|Non-currentliabilities:|||
|Long-termborrowings|||
|Bondspayable|||
|Ofwhich:Preferredshares|||
|Perpetualbonds|||
|Long-termpayables|||
|Long-termpayrollpayable|414,432.69|361,923.23|
|Estimatedliabilities|||
|Deferredincome|||
|Deferredincometaxliabilities|48,315,954.43|27,505,224.10|
|Othernon-currentliabilities|||
|Totalnon-currentliabilities|48,730,387.12|27,867,147.33|
|Totalliabilities|815,271,168.37|826,115,874.86|
|Shareholders’equity:|||
|Sharecapital|185,391,680.00|185,391,680.00|
|Otherequityinstruments|||
|Ofwhich:Preferredshares|||
|Perpetualbonds|||
|Capitalreserves|296,808,965.79|296,808,965.79|
|Less:Treasurystock|||
|Othercompositeincome|8,130,226.45|5,924,132.67|
|Specialreserves|||
|Surplusreserves|37,770,482.76|37,804,354.59|
|Provisionsforgeneralrisks|||
|Retainedprofit|198,505,048.59|122,872,551.30|
|TotalequityattributabletoshareholdersoftheCompany|726,606,403.59|648,801,684.35|
|Minorityinterests|413,015,209.10|367,597,191.43|
|Totalshareholders’equity|1,139,621,612.69|1,016,398,875.78|
|Totalliabilitiesandshareholders’equity|1,954,892,781.06|1,842,514,750.64|

Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. 2.BalancesheetoftheCompany
Unit:RMB
||||
|-|-|-|
|Item|30September2019|31December2018|
|CurrentAssets:|||
|Monetaryfunds|7,554,368.17|6,985,345.44|
|Financial assets measured at fair valuewith fair value changesincludedintheprofitandlossfortheReportingPeriod|||
|Derivativefinancialassets|||
|Notesandaccountsreceivable|6,416,138.69|16,443,882.91|
|Ofwhich:Notesreceivable||200,000.00|
|Accountsreceivable|6,416,138.69|16,243,882.91|
|Accountspaidinadvance|352,800.00|260,472.55|
|Otheraccountsreceivable|3,642,254.20|2,213,373.51|
|Ofwhich:Interestsreceivable|||
|Dividendsreceivable|||
|Inventories|3,560,312.55|9,339,180.06|
|Assetsheldforsale|||
|Non-currentassetsduewithinoneyear|||
|Othercurrentassets|199,345.92|381,431.15|
|Totalcurrentassets|21,725,219.53|35,623,685.62|
|Non-currentassets:|||
|Available-for-salefinancialassets|40,000.00|40,000.00|
|Held-to-maturityinvestments|||
|Long-termreceivables|||
|Long-termequityinvestments|923,414,701.56|921,914,701.56|
|Investmentproperty|28,115,480.49|29,863,349.12|
|Fixedassets|1,067,750.65|1,189,309.65|
|Constructioninprogress|291,958.22||
|Productivelivingassets|||
|Oil-gasassets|||
|Intangibleassets|8,999.99|29,249.99|
|R&Dexpense|||
|Goodwill|||
|Long-termprepaidexpense|117,660.50||
|Deferredincometaxassets|8,586,800.91|10,946,860.01|
|Othernon-currentassets||53,879.31|
|Totalnon-currentassets|961,643,352.32|964,037,349.64|
|Totalassets|983,368,571.85|999,661,035.26|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||
|-|-|-|
|Item|30September2019|31December2018|
|Currentliabilities:|||
|Short-termborrowings|||
|Financial liabilities measured at fair value with fair valuechangesincludedintheprofitandlossfortheReportingPeriod|||
|Derivativefinancialliabilities|||
|Notesandaccountspayable|36,690,613.08|58,463,830.39|
|Ofwhich:Notespayable|||
|Accountsreceivable|36,690,613.08|58,463,830.39|
|Accountsreceivedinadvance|1,000,655.00|1,708,795.17|
|Payrollpayable|5,942,134.59|5,338,618.00|
|Taxespayable|580,608.40|666,695.14|
|Otheraccountspayable|251,082,927.47|262,786,311.87|
|Ofwhich:Interestspayable|||
|Dividendspayable|||
|Liabilitiesheldforsale|||
|Non-currentliabilitiesduewithinoneyear|||
|Othercurrentliabilities|||
|Totalcurrentliabilities|295,296,938.54|328,964,250.57|
|Non-currentliabilities:|||
|Long-termborrowings|||
|Bondspayable|||
|Ofwhich:Preferredshares|||
|Perpetualbonds|||
|Long-termaccountspayable|||
|Long-termpayrollpayable|||
|Estimatedliabilities|||
|Deferredincome|||
|Deferredincometaxliabilities|||
|Othernon-currentliabilities|||
|Totalnon-currentliabilities|||
|Totalliabilities|295,296,938.54|328,964,250.57|
|Shareholders’equity:|||
|Sharecapital|185,391,680.00|185,391,680.00|
|Otherequityinstruments|||
|Ofwhich:Preferredshares|||
|Perpetualbonds|||
|Capitalreserves|271,490,289.82|271,490,289.82|
|Less:Treasurystock|||
|Othercompositeincome|||
|Specialreserves|||
|Surplusreserves|37,770,482.76|37,804,354.59|
|Provisionsforgeneralrisks|||
|Retainedprofit|193,419,180.73|176,010,460.28|
|Totalshareholders’equity|688,071,633.31|670,696,784.69|
|Totalliabilitiesandshareholders’equity|983,368,571.85|999,661,035.26|

Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. 3.ConsolidatedincomestatementforQ3
Unit:RMB
||||
|-|-|-|
|Item|Q32019|Q32018|
|1.Operatingrevenues|567,950,007.62|598,301,806.56|
|Including:Salesrevenue|567,950,007.62|598,301,806.56|
|2.Totaloperatingcosts|513,764,875.84|562,044,317.38|
|Including:Costofsales|465,320,577.82|511,559,347.10|
|Taxesandsurcharges|2,789,111.99|2,924,289.24|
|Sellingexpense|17,180,100.98|19,362,202.21|
|Administrativeexpense|19,627,118.43|21,296,613.25|
|R&Dexpense|20,421,277.44|17,320,328.99|
|Financecosts|-11,573,310.82|-10,418,463.41|
|Ofwhich:Interestexpense|292,383.43|192,293.47|
|Interestrevenue|1,941,025.34|1,352,502.66|
|Add:Otherincome|644,009.00|714,047.00|
|Profit/lossoninvestment(“-”forloss)|5,744,560.68|-132,820.99|
|Including:Shareofprofitinassociatesandjointventures|||
|Profit/lossonfairvaluechanges(“-”meansloss)|-4,977,061.00|2,153,400.00|
|Assetimpairmentloss(“-”forloss)|-393,616.48|-7,825,409.98|
|Incomearisingfromdisposalofassets(“-”meansloss)|154,955.42|-7,450.86|
|3.Operatingprofit(“-”forloss)|55,357,979.40|31,159,254.35|
|Add:Non-operatingincome|693,632.09|637,368.87|
|Less:Non-operatingexpense|57,435.55|19,905.62|
|4.Profitbeforetax(“-”forloss)|55,994,175.94|31,776,717.60|
|Less:Incometaxexpense|7,703,418.05|767,082.04|
|5.Netprofit(“-”fornetloss)|48,290,757.89|31,009,635.56|
|5.1Classifiedbyoperatingcontinuity|||
|5.1.1Netprofitfromgoingconcern(“-”meansnetloss)|48,290,757.89|31,009,635.56|
|5.1.2 Net profit from discontinued operations (“-” means netloss)|||
|5.2Classifiedbyownership|||
|5.2.1Minorityshareholders’income(“-”meansnetloss)|13,374,856.76|7,585,769.86|
|5.2.2 Net profit attributable to owners of the Company (“-”meansnetloss)|34,915,901.13|23,423,865.70|
|6.After-taxnetamountofothercompositeincome|2,729,221.82|2,297,951.56|
|After-tax net amount ofother composite income attributabletoshareholdersoftheCompany|2,046,916.36|1,723,463.67|
|6.1 Other composite income that will not be reclassified toprofitorloss|||
|6.1.1 Changes caused by remeasurements on defined benefitpensionschemes|||
|6.1.2 Share of other composite income of investees that willnotbereclassifiedtoprofitorlossunderequitymethod|||
|6.2 Othercompositeincomethatwillbereclassified toprofitorloss|2,046,916.36|1,723,463.67|
|6.2.1 Share of other composite income of investees that will|||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||
|-|-|-|
|Item|Q32019|Q32018|
|bereclassifiedtoprofitorlossunderequitymethod|||
|6.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets|||
|6.2.3 Gain/Loss arising from reclassification ofheld-to-maturityinvestmentstoavailable-for-salefinancialassets|||
|6.2.4Effectivegain/lossoncashflowhedges|||
|6.2.5 Differences arising from translation of foreigncurrency-denominatedfinancialstatements|2,046,916.36|1,723,463.67|
|6.2.6Other|||
|After-tax net amount ofother composite income attributabletominorityshareholders|682,305.46|574,487.89|
|7.Totalcomprehensiveincome|51,019,979.71|33,307,587.12|
|AttributabletoshareholdersoftheCompany|36,962,817.49|25,147,329.37|
|Attributabletominorityinterests|14,057,162.22|8,160,257.75|
|8.Earningspershare|||
|8.1Basicearningspershare|0.18|0.12|
|8.2Dilutedearningspershare|0.18|0.12|

 Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofit achievedbytheacquireesbefore thecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.
Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. 4.IncomestatementoftheCompanyforQ3
Unit:RMB
||||
|-|-|-|
|Item|Q32019|Q32018|
|1.Operatingrevenues|21,337,483.46|27,973,310.19|
|Less:Operatingcosts|15,089,616.94|22,958,078.34|
|Taxesandsurtaxes|443,563.59|865,677.25|
|Sellingexpenses|1,013,254.54|1,591,859.19|
|Administrativeexpenses|1,448,761.21|904,331.37|
|R&Dexpenses|||
|Financecosts|-22,082.56|-28,906.93|
|Ofwhich:Interestexpense|||
|Interestrevenue|26,232.44|4,432.76|
|Add:Otherincome|||
|Profit/lossoninvestment(“-”forloss)|||
|Including:Shareofprofitinassociatesandjointventures|||
|Profit/lossonfairvaluechanges(“-”meansloss)|||
|Assetimpairmentloss(“-”forloss)|-50,718.86|-2,880,418.89|
|Incomearisingfromdisposalofassets(“-”meansloss)|||
|2.Operatingprofit(“-”forloss)|3,313,650.88|-1,198,147.92|
|Add:Non-operatingrevenue|342,116.55|138,260.65|
|Less:Non-operatingexpense|||
|3.Profitbeforetax(“-”forloss)|3,655,767.43|-1,059,887.27|
|Less:Incometaxexpense|3,009,611.63|-640,998.08|
|4.Netprofit(“-”fornetloss)|646,155.80|-418,889.19|
|4.1Netprofitfromgoingconcern(“-”fornetloss)|646,155.80|-418,889.19|
|4.2Netprofitfromdiscontinuedoperations(“-”fornetloss)|||
|5.After-taxnetamountofothercompositeincome|||
|5.1 Other composite income that will not be reclassified toprofitorloss|||
|5.1.1 Changes in net liabilities or assets caused byremeasurementsondefinedbenefitpensionschemes|||
|5.1.2 Shareof other composite income of investees that willnotbereclassifiedtoprofitorlossunderequitymethod|||
|5.2Othercompositeincomethatwillbereclassifiedtoprofitorloss|||
|5.2.1 Shareof other composite income of investees that willbereclassifiedtoprofitorlossunderequitymethod|||
|5.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets|||
|5.2.3 Gain/Loss arising from reclassification ofheld-to-maturityinvestmentstoavailable-for-salefinancialassets|||
|5.2.4Effectivegain/lossoncashflowhedges|||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||
|-|-|-|
|Item|Q32019|Q32018|
|5.2.5 Differences arising from translation of foreigncurrency-denominatedfinancialstatements|||
|5.2.6Other|||
|6.Totalcompositeincome|646,155.80|-418,889.19|
|7.Earningspershare|||
|7.1Basicearningspershare|||
|7.2Dilutedearningspershare|||

Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.5.ConsolidatedincomestatementforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1.Revenue|1,497,398,991.00|1,289,812,311.79|
|Ofwhich:Operatingrevenue|1,497,398,991.00|1,289,812,311.79|
|2.Operatingcostsandexpenses|1,421,118,737.52|1,294,174,686.39|
|Ofwhich:Operatingcosts|1,261,653,155.30|1,137,008,364.49|
|Taxesandsurtaxes|8,469,062.01|8,615,824.18|
|Sellingexpenses|49,793,405.07|46,943,707.03|
|Administrativeexpenses|58,396,362.95|61,813,542.09|
|R&Dexpenses|57,120,477.94|51,443,153.79|
|Financecosts|-14,313,725.75|-11,649,905.19|
|Ofwhich:Interestexpense|724,124.16|479,941.76|
|Interestrevenue|6,311,962.49|5,835,960.62|
|Add:Otherincome|3,261,776.00|2,276,139.00|
|Profit/lossoninvestment(“-”forloss)|14,057,599.65|9,744,079.99|
|Including:Shareofprofitinassociatesandjointventures|||
|Profit/lossonfairvaluechanges(“-”meansloss)|-9,122,411.00|-7,781,000.00|
|Assetimpairmentloss(“-”forloss)|-2,312,972.35|-12,648,743.40|
|Incomearisingfromdisposalofassets(“-”meansloss)|63,553,375.02|368,732.74|
|3.Operatingprofit(“-”forloss)|145,717,620.80|-12,403,166.27|
|Add:Non-operatingincome|26,875,443.46|3,104,942.74|
|Less:Non-operatingexpense|77,938.25|57,120.31|
|4.Profitbeforetax(“-”forloss)|172,515,126.01|-9,355,343.84|
|Less:Incometaxexpense|37,524,398.17|-271,427.47|
|5.Netprofit(“-”fornetloss)|134,990,727.84|-9,083,916.37|
|5.1Classifiedbyoperatingcontinuity|||
|5.1.1Netprofitfromgoingconcern(“-”meansnetloss)|134,990,727.84|-9,083,916.37|
|5.1.2 Net profit from discontinued operations (“-” means netloss)|||
|5.2Classifiedbyownership|||
|5.2.1Minorityshareholders’income(“-”meansnetloss)|52,782,258.76|-4,166,095.30|
|5.2.2 Net profit attributable to owners of the Company (“-”meansnetloss)|82,208,469.08|-4,917,821.07|
|6.After-taxnetamountofothercompositeincome|2,928,662.19|2,245,532.55|
|AttributabletoownersoftheCompanyastheparent|2,196,496.64|1,684,149.41|
|6.1 Other composite income that will not be reclassified toprofitorloss|||
|6.1.1 Changes in net liabilities or assets caused by|||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|remeasurementsondefinedbenefitpensionschemes|||
|6.1.2Shareof othercompositeincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod|||
|6.2Othercompositeincomethatwillbereclassifiedtoprofitorloss|2,196,496.64|1,684,149.41|
|6.2.1Shareof othercompositeincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod|||
|6.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets|||
|6.2.3 Gain/Loss arising from reclassification ofheld-to-maturityinvestmentstoavailable-for-salefinancialassets|||
|6.2.4Effectivegain/lossoncashflowhedges|||
|6.2.5 Differences arising from translation of foreigncurrency-denominatedfinancialstatements|2,196,496.64|1,684,149.41|
|6.2.6Other|||
|Attributabletominorityinterests|732,165.55|561,383.14|
|7.Totalcompositeincome|137,919,390.03|-6,838,383.82|
|AttributabletoshareholdersoftheCompany|84,404,965.72|-3,233,671.66|
|AttributabletoMinorityinterests|53,514,424.31|-3,604,712.16|
|8.Earningspershare|||
|8.1Basicearningspershare|0.44|-0.03|
|8.2Dilutedearningspershare|0.44|-0.03|

 Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofit achievedbytheacquireesbefore thecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.
Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.6.IncomestatementoftheCompanyforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1.Operatingrevenues|58,486,701.87|84,995,033.15|
|Less:Operatingcosts|46,102,120.70|68,390,679.44|
|Taxesandsurtaxes|1,360,261.86|2,009,123.01|
|Sellingexpenses|3,388,320.67|5,250,666.63|
|Administrativeexpenses|4,343,364.16|2,963,224.44|
|R&Dexpenses|||
|Financecosts|-60,232.02|134,373.75|
|Ofwhich:Interestexpense|||
|Interestrevenue|110,810.12|84,858.87|
|Add:Otherincome|||
|Profit/lossoninvestment(“-”forloss)|25,443,358.87|33,547,555.83|
|Including:Shareofprofitinassociatesandjointventures|||
|Profit/lossonfairvaluechanges(“-”meansloss)|||
|Assetimpairmentloss(“-”forloss)|-1,898,411.25|-3,061,250.18|
|Incomearisingfromdisposalofassets(“-”meansloss)|||
|2.Operatingprofit(“-”forloss)|26,897,814.12|36,733,271.53|
|Add:Non-operatingincome|704,385.14|1,170,280.21|
|Less:Non-operatingexpense||4,632.00|
|3.Profitbeforetax(“-”forloss)|27,602,199.26|37,898,919.74|
|Less:Incometaxexpense|2,472,965.18|-570,628.51|
|4.Netprofit(“-”fornetloss)|25,129,234.08|38,469,548.25|
|4.1Netprofitfromgoingconcern(“-”fornetloss)|25,129,234.08|38,469,548.25|
|4.2Netprofitfromdiscontinuedoperations(“-”fornetloss)|||
|5.After-taxnetamountofothercompositeincome|||
|5.1 Other composite income that will not be reclassified toprofitorloss|||
|5.1.1 Changes in net liabilities or assets caused byremeasurementsondefinedbenefitpensionschemes|||
|5.1.2Shareof other composite income ofinvestees that willnotbereclassifiedtoprofitorlossunderequitymethod|||
|5.2Othercompositeincomethatwillbereclassifiedtoprofitorloss|||
|5.2.1Shareof other composite income ofinvestees that willbereclassifiedtoprofitorlossunderequitymethod|||
|5.2.2Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets|||
|5.2.3 Gain/Loss arising from reclassification ofheld-to-maturityinvestmentstoavailable-for-salefinancialassets|||
|5.2.4Effectivegain/lossoncashflowhedges|||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|5.2.5 Differences arising from translation of foreigncurrency-denominatedfinancialstatements|||
|5.2.6Other|||
|6.Totalcompositeincome|25,129,234.08|38,469,548.25|
|7.Earningspershare|||
|7.1Basicearningspershare|||
|7.2Dilutedearningspershare|||

Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.7.ConsolidatedcashflowstatementforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1.Operatingcashflow:|||
|Cashreceivedfromsaleofcommoditiesandrenderingofservice|1,424,898,676.41|1,194,143,782.69|
|Taxrefundsreceived|127,264,387.82|126,976,317.46|
|Otheroperatingcashreceived|75,454,522.56|46,817,557.41|
|Subtotalofoperatingcashinflow|1,627,617,586.79|1,367,937,657.56|
|Cashpaidforgoodsandservices|1,180,739,622.69|1,066,998,861.67|
|Cashpaidtoandforemployees|212,717,958.32|199,588,889.06|
|Taxesandfarespaid|18,121,099.06|9,802,696.58|
|Othercashpaymentrelatingtooperatingactivities|165,635,589.75|157,030,079.01|
|Subtotalofoperatingcashoutflow|1,577,214,269.82|1,433,420,526.32|
|Netoperatingcashflow|50,403,316.97|-65,482,868.76|
|2.Investmentcashflow:|||
|Cashreceivedfromretractionofinvestments|494,561,696.08|292,157,440.00|
|Cashreceivedfromreturnoninvestments|16,543,185.85|10,800,555.44|
|Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets|67,245,069.02|463,696.00|
|Netcashreceivedfromdisposalofsubsidiariesorotherbusinessunits|||
|Othercashreceivedrelatingtoinvestmentactivities|110,758,658.06|539,417,500.00|
|Subtotalofinvestmentcashinflow|689,108,609.01|842,839,191.44|
|Cashpaidtoacquirefixedassets,intangibleassetsandotherlong-termassets|53,991,936.51|42,726,408.44|
|Cashpaidforinvestment|467,069,315.47|370,000,000.00|
|Netcashpaidtoacquiresubsidiariesandotherbusinessunits|||
|Othercashpaymentsrelatingtoinvestmentactivities|268,406,368.05|686,611,745.27|
|Subtotalofinvestmentcashoutflow|789,467,620.03|1,099,338,153.71|
|Netinvestmentcashflow|-100,359,011.02|-256,498,962.27|
|3.Financingcashflow:|||
|Cashreceivedfromcapitalcontributions|||
|Including:Cashreceivedfromminorityshareholderinvestmentsbysubsidiaries|||
|Cashreceivedasborrowings|50,375,683.07|103,479,312.51|
|Otherfinancingcashreceived|14,000,000.00|2,252,250.08|
|Subtotaloffinancingcashinflow|64,375,683.07|105,731,562.59|
|Repaymentofborrowings|47,834,093.98|29,726,823.30|
|Cashpaidforinterestexpensesanddistributionofdividendsorprofit|16,312,030.75|26,407,227.20|
|Including:Dividendsorprofitpaidbysubsidiariestominorityshareholders|8,481,119.62|11,182,518.60|
|Othercashpaymentsrelatingtofinancingactivities|10,800,000.00|1,126,125.04|
|Subtotaloffinancingcashoutflow|74,946,124.73|57,260,175.54|
|Netfinancingcashflow|-10,570,441.66|48,471,387.05|
|4.Effectofforeignexchangeratechangesoncashandcashequivalents|147,631.12|-3,207,571.28|
|5.Netincreaseincashandcashequivalents|-60,378,504.59|-276,718,015.26|
|Add:Openingbalanceofcashandcashequivalents|448,492,295.47|564,381,960.88|
|6.Closingbalanceofcashandcashequivalents|388,113,790.88|287,663,945.62|

 Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.8.CashflowstatementoftheCompanyforQ1~Q3
Unit:RMB
||||
|-|-|-|
|Item|Q1~Q32019|Q1~Q32018|
|1.Operatingcashflow:|||
|Cashreceivedfromsaleofcommoditiesandrenderingofservice|38,846,898.64|47,407,867.79|
|Taxrefundsreceived|||
|Otheroperatingcashreceived|266,337,599.24|39,883,542.53|
|Subtotalofoperatingcashinflow|305,184,497.88|87,291,410.32|
|Cashpaidforgoodsandservices|42,831,095.70|48,924,317.09|
|Cashpaidtoandforemployees|2,292,491.54|3,300,271.47|
|Taxesandfarespaid|4,708,705.29|5,105,270.66|
|Otheroperatingcashpayments|271,128,744.36|46,288,076.30|
|Subtotalofoperatingcashoutflow|320,961,036.89|103,617,935.52|
|Netoperatingcashflow|-15,776,539.01|-16,326,525.20|
|2.Investmentcashflow:|||
|Cashreceivedfromretractionofinvestments|||
|Cashreceivedfromreturnoninvestments|25,443,358.87|33,547,555.83|
|Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets|||
|Netcashreceivedfromdisposalofsubsidiariesorotherbusinessunits|||
|Othercashreceivedrelatingtoinvestmentactivities|||
|Subtotalofinvestmentcashinflow|25,443,358.87|33,547,555.83|
|Cashpaidtoacquirefixedassets,intangibleassetsandotherlong-termassets|145,897.00||
|Cashpaidforinvestment|1,500,000.00||
|Netcashpaidtoacquiresubsidiariesandotherbusinessunits|||
|Otherinvestmentcashpayments|||
|Subtotalofinvestmentcashoutflow|1,645,897.00|0.00|
|Netinvestmentcashflow|23,797,461.87|33,547,555.83|
|3.Financingcashflow:|||
|Cashreceivedfromcapitalcontributions|||
|Cashreceivedasborrowings|||
|Otherfinancingcashreceived|||
|Subtotaloffinancingcashinflow|0.00|0.00|
|Repaymentofborrowings|||
|Cashpaidforinterestexpensesanddistributionofdividendsorprofit|7,415,667.20|14,831,334.40|
|Othercashpaymentsrelatingtofinancingactivities|||
|Subtotaloffinancingcashoutflow|7,415,667.20|14,831,334.40|
|Netfinancingcashflow|-7,415,667.20|-14,831,334.40|
|4.Effectofforeignexchangeratechangesoncashandcashequivalents|-36,232.93|-171,821.03|
|5.Netincreaseincashandcashequivalents|569,022.73|2,217,875.20|
|Add:Openingbalanceofcashandcashequivalents|6,985,345.44|5,342,389.95|
|6.Closingbalanceofcashandcashequivalents|7,554,368.17|7,560,265.15|

Legalrepresentative:PanZhirong Chiefoftheaccountingwork:WuJianhua Chiefoftheaccountingorgan:WuJianhua
ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. II Adjustments totheFinancialStatements
1. Adjustments to the financial statements at the beginning of the execution of any New Standards GoverningFinancialInstruments,RevenueorLeasesfrom2019
√Applicable□Notapplicable
Retroactiverestatementofconsolidatedbalancesheet
PreparedbyTSANNKUEN(CHINA)ENTERPRISECO.,LTD. Unit:RMB
|||||
|-|-|-|-|
|Item|1January2019|31December2018|Adjusted|
|Currentassets:||||
|Monetaryfunds|469,692,295.47|469,692,295.47||
|Financial assets measured at fair value with fair valuechanges included in the profit and loss for the ReportingPeriod|1,440,700.00|1,440,700.00||
|Derivativefinancialassets||||
|Notesandaccountsreceivable|282,087,350.72|280,796,130.89|1,291,219.83|
|Ofwhich:Notesreceivable|200,000.00|200,000.00||
|Accountsreceivable|281,887,350.72|280,596,130.89|1,291,219.83|
|Accountspaidinadvance|2,668,796.33|2,668,796.33||
|Otheraccountsreceivable|29,944,042.47|29,944,042.47||
|Ofwhich:Interestreceivable||||
|Dividendsreceivable||||
|Inventories|243,262,500.58|243,262,500.58||
|Assetsheldforsale|4,311,436.92|4,311,436.92||
|Non-currentassetsduewithinoneyear||||
|Othercurrentassets|527,497,484.82|527,497,484.82||
|Totalcurrentassets|1,560,904,607.31|1,559,613,387.48|1,291,219.83|
|Non-currentassets:||||
|Available-for-salefinancialassets|40,000.00|40,000.00||
|Held-to-maturityinvestments||||
|Long-termaccountsreceivable||||
|Long-termequityinvestments||||
|Investmentproperty|25,014,648.31|25,014,648.31||
|Fixedassets|191,073,302.46|191,073,302.46||
|Constructioninprogress|895,756.17|895,756.17||
|Productivelivingassets||||
|Oil-gasassets||||
|Intangibleassets|27,771,236.03|27,771,236.03||
|R&Dexpense||||
|Goodwill||||
|Long-termdeferredexpenses|8,058,867.12|8,058,867.12||
|Deferredincometaxassets|26,461,242.31|26,552,328.43|-91,086.12|
|Othernon-currentassets|3,495,224.64|3,495,224.64||
|Totalnon-currentassets|282,810,277.04|282,901,363.16|-91,086.12|
|Totalassets|1,843,714,884.35|1,842,514,750.64|1,200,133.71|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Retroactiverestatementofconsolidatedbalancesheet(Continued)
PreparedbyTSANNKUEN(CHINA)ENTERPRISECO.,LTD. Unit:RMB
|||||
|-|-|-|-|
|Item|1January2019|31December2018|Adjusted|
|Currentliabilities:||||
|Short-termborrowings|10,432,044.21|10,432,044.21||
|Financial liabilities measured at fair value with fair valuechangesincludedintheprofitandlossfortheReportingPeriod||||
|Derivativefinancialliabilities||||
|Notesandaccountspayable|672,895,647.66|672,895,647.66||
|Accountsreceivedinadvance|9,747,158.90|9,747,158.90||
|Payrollpayable|48,587,140.78|48,587,140.78||
|Taxesandfarespayable|3,768,531.07|3,768,531.07||
|Otheraccountspayable|52,818,204.91|52,818,204.91||
|Ofwhich:Interestpayable|23,919.09|23,919.09||
|Dividendspayable||||
|Non-currentliabilitiesduewithinoneyear||||
|Othercurrentliabilities||||
|Totalcurrentliabilities|798,248,727.53|798,248,727.53||
|Non-currentliabilities:||||
|Long-termborrowings||||
|Bondspayable||||
|Ofwhich:Preferenceshares||||
|Perpetualbonds||||
|Long-termaccountspayable||||
|Long-termpayrollpayable|361,923.23|361,923.23||
|Estimatedliabilities||||
|Deferredincome||||
|Deferredincometaxliabilities|27,505,224.10|27,505,224.10||
|Othernon-currentliabilities||||
|Totalnon-currentliabilities|27,867,147.33|27,867,147.33||
|Totalliabilities|826,115,874.86|826,115,874.86||
|Shareholders’equity:||||
|Sharecapital|185,391,680.00|185,391,680.00||
|Otherequityinstruments||||
|Ofwhich:Preferenceshares||||
|Perpetualbonds||||
|Capitalreserves|296,808,965.79|296,808,965.79||
|Less:Treasurystock||||
|Othercompositeincome|5,933,729.81|5,924,132.67|9,597.14|
|Specialreserves||||
|Surplusreserves|37,770,482.76|37,804,354.59|-33,871.83|
|Provisionsforgeneralrisks||||
|Retainedprofit|123,712,246.71|122,872,551.30|839,695.41|
|TotalequityattributabletoshareholdersoftheCompany|649,617,105.07|648,801,684.35|815,420.72|
|Minorityinterests|367,981,904.42|367,597,191.43|384,712.99|
|Totalshareholders’equity|1,017,599,009.49|1,016,398,875.78|1,200,133.71|
|Totalliabilitiesandshareholders’equity|1,843,714,884.35|1,842,514,750.64|1,200,133.71|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Retroactiverestatementofbalancesheet
PreparedbyTSANNKUEN(CHINA)ENTERPRISECO.,LTD. Unit:RMB
|||||
|-|-|-|-|
|Item|1January2019|31December2018|Adjusted|
|Currentassets:||||
|Monetaryfunds|6,985,345.44|6,985,345.44||
|Financial assets measured at fair value with fair valuechangesincludedintheprofitandlossfortheReportingPeriod||||
|Derivativefinancialassets||||
|Notesandaccountsreceivable|15,992,258.57|16,443,882.91|-451,624.34|
|Ofwhich:Notesreceivable|200,000.00|200,000.00||
|Accountsreceivable|15,792,258.57|16,243,882.91|-451,624.34|
|Accountspaidinadvance|260,472.55|260,472.55||
|Otheraccountsreceivable|2,213,373.51|2,213,373.51||
|Ofwhich:Interestreceivable||||
|Dividendsreceivable||||
|Inventories|9,339,180.06|9,339,180.06||
|Assetsheldforsale||||
|Non-currentassetsduewithinoneyear||||
|Othercurrentassets|381,431.15|381,431.15||
|Totalcurrentassets|35,172,061.28|35,623,685.62|-451,624.34|
|Non-currentassets:||||
|Available-for-salefinancialassets|40,000.00|40,000.00||
|Held-to-maturityinvestments||||
|Long-termaccountsreceivable||||
|Long-termequityinvestments|921,914,701.56|921,914,701.56||
|Investmentproperty|29,863,349.12|29,863,349.12||
|Fixedassets|1,189,309.65|1,189,309.65||
|Constructioninprogress||||
|Productivelivingassets||||
|Oil-gasassets||||
|Intangibleassets|29,249.99|29,249.99||
|R&Dexpense||||
|Goodwill||||
|Long-termdeferredexpenses||||
|Deferredincometaxassets|11,059,766.09|10,946,860.01|112,906.08|
|Othernon-currentassets|53,879.31|53,879.31||

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Totalnon-currentassets 964,150,255.72 964,037,349.64 112,906.08
|||||
|-|-|-|-|
|Totalassets|999,322,317.00|999,661,035.26|-338,718.26|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Retroactiverestatementofbalancesheet(Continued)
PreparedbyTSANNKUEN(CHINA)ENTERPRISECO.,LTD. Unit:RMB
|||||
|-|-|-|-|
|Item|1January2019|31December2018|Adjusted|
|Currentliabilities:||||
|Short-termborrowings||||
|Financial liabilities measured at fair value with fair valuechangesincludedintheprofitandlossfortheReportingPeriod||||
|Derivativefinancialliabilities||||
|Notesandaccountspayable|58,463,830.39|58,463,830.39||
|Accountsreceivedinadvance|1,708,795.17|1,708,795.17||
|Payrollpayable|5,338,618.00|5,338,618.00||
|Taxesandfarespayable|666,695.14|666,695.14||
|Otheraccountspayable|262,786,311.87|262,786,311.87||
|Ofwhich:Interestpayable||||
|Dividendspayable||||
|Liabilitiesheldforsale||||
|Non-currentliabilitiesduewithinoneyear||||
|Othercurrentliabilities||||
|Totalcurrentliabilities|328,964,250.57|328,964,250.57||
|Non-currentliabilities:||||
|Long-termborrowings||||
|Bondspayable||||
|Ofwhich:Preferenceshares||||
|Perpetualbonds||||
|Long-termaccountspayable||||
|Long-termpayrollpayable||||
|Estimatedliabilities||||
|Deferredincome||||
|Deferredincometaxliabilities||||
|Othernon-currentliabilities||||
|Totalnon-currentliabilities||||
|Totalliabilities|328,964,250.57|328,964,250.57||
|Shareholders’equity:||||
|Sharecapital|185,391,680.00|185,391,680.00||
|Otherequityinstruments||||
|Ofwhich:Preferenceshares||||
|Perpetualbonds||||
|Capitalreserves|271,490,289.82|271,490,289.82||
|Less:Treasurystock||||
|Othercompositeincome||||
|Specialreserves||||
|Surplusreserves|37,770,482.76|37,804,354.59|-33,871.83|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd.
|||||
|-|-|-|-|
|Item|1January2019|31December2018|Adjusted|
|Provisionsforgeneralrisks||||
|Retainedprofit|175,705,613.85|176,010,460.28|-304,846.43|
|Totalshareholders’equity|670,358,066.43|670,696,784.69|-338,718.26|
|Totalliabilitiesandshareholders’equity|999,322,317.00|999,661,035.26|-338,718.26|

ReportfortheThirdQuarterof2019ofTsannKuen(China)EnterpriseCo.,Ltd. Notesforadjustment:
According to the revised and printed Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement ofFinancialInstruments,AccountingStandardsforBusinessEnterprisesNo.23–Transfer ofFinancialAssets, AccountingStandardsforBusinessEnterprisesNo.24–HedgingAccounting,andAccountingStandardsforBusinessEnterprisesNo.37–Presentationof FinancialInstrumentsissuedbyMinistryofFinancein2017,enterpriseslisteddomesticallyshallimplementitfrom1January2019. The Company shall classify and measure financial instruments on implementation date of the standards in accordance with the regulations.Noadjustmentisneededifthepreviouscomparativedataoffinancialstatementsareinconsistentwiththerequirements of the standards. The balance between the original carrying value of financial instruments and the new carrying value on implementationdateofthestandardsshallrecordedintotheitemsofbeginningretainedearnings,othercomprehensiveincomeand otheritemsoffinancialstatementsduringthereportingperiodofimplementationdateofthestandards.
The Companyshall changewithdrawal methodof accountsreceivableimpairmentfrom “incurredlossmethod”to“expected credit lossmethod”inordertomakeprovisionforfinancialassetsimpairmentmoretimelyandsufficiently,revealingandcontrollingcredit risksoffinancialassets.
2. Retrospective restatement of previous comparative data due to the execution of any New Standards GoverningFinancialInstrumentsorLeasesfrom2019
□Applicable√Notapplicable
IIIAuditor’s report
IsthisReportaudited?
□Yes√No
ThisReportisnotaudited.