Shenzhen Nanshan Power Co., Ltd.
The Third Quarterly Report for 2015
2015-073
October 2015
Section I. Important Note
Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of Shenzhen Nanshan Power Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.
|||||
|-|-|-|-|
|Absent director|Director title|Reasons|Attorney|
|Wu Dongxiang|director|Work|Yang Haixian|
|Tang Tianyun|Independent director|Work|Pan Chengwei|

Chairman Yang Haixian, person in charge of the Company, head of the accounting works Director GM Wu Dongxiang and CFO Huang Jian as well as Financial Manager Gan Baoshan, accounting body principals (accountant in charge) hereby confirms that the Financial Report of the Third Quarterly Report is authentic, accurate and complete
Section II. Main accounting data and changes of shareholders I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not
□Yes√ No
||||||||
|-|-|-|-|-|-|-|
||Current period-end||Period-end of last year||Increase/decrease||
|Total assets(RMB)|5,133,490,023.15||5,056,415,825.14||1.52%||
|Net assets attributable to|1,197,849,200.67||1,270,542,254.88||||
|shareholders of listed company|||||-5.72%||
|(RMB)|||||||
|||||||Increase/decrease in|
|||Increase/decrease in|||||
|||||From year-begin to||comparison with|
||Current period|comparison with same|||||
|||||end of the Period||year-begin to|
|||period of last year|||||
|||||||Period-end of last year|
|Operating revenue (RMB)|379,682,013.49|-16.39%||1,030,239,250.67||4.97%|
|Net profit attributable to|29,772,589.73|||-72,773,483.33|||
|shareholders of the listed company||-313.42%||||-18.41%|
|(RMB)|||||||
|Net profit attributable to|||||||
|shareholders of the listed company|||||||
||-39,952,894.33|141.81%||-175,043,536.34||86.89%|
|after deducting non-recurring gains|||||||
|and losses(RMB)|||||||
|Net cash flow arising from||||416,988,552.21|||
||--|--||||17.48%|
|operating activities(RMB)|||||||
|Basic earnings per share|0.05|||-0.12|||
|||-350.00%||||-20.00%|
|(RMB/Share)|||||||
|Diluted earnings per share|0|||0|||
|||-100.00%||||-100.00%|
|(RMB/Share)|||||||
|Weighted average ROE|2.52%|3.44%||-5.90%||-0.17%|

 Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||end of the Period||
|Gains/losses from the disposal of non-current asset (including the|-53,757.95||

||||
|-|-|-|
|write-off that accrued for impairment of assets)|||
|Governmental subsidy reckoned into current gains/losses (not|||
|including the subsidy enjoyed in quota or ration according to|||
||2,873,493.83||
|national standards, which are closely relevant to enterprise’s|||
|business)|||
|Other non-operating income and expenditure except for the|||
||54,769.28||
|aforementioned items|||
|Import VAT refunds for natural gas|43,717,437.86||
|Consumption tax return for the imported fuel oil|68,867,833.65||
|Impact on minority shareholders’ equity (post-tax)|13,189,723.66||
|Total|102,270,053.01|--|

Concerning the extraordinary profit (gain)/loss defined byQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable√ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss.
II. Statement of the total shareholders and shares-held of top ten shareholders at end of the Period
1. Statement of the total common shareholders and shares-held of top ten common shareholders at end of the Period
In Share
||||||||
|-|-|-|-|-|-|-|
|Total common shareholders in|||||||
|||45,081|||||
|reporting period-end|||||||
|Shares-held of top ten common shareholders|||||||
|||||Amount of|Number of share pledged/frozen||
||Nature of|Proportion of|Amount of shares||||
|Shareholders||||restricted shares|||
||shareholder|shares held|held||State of share|Amount|
|||||held|||
|HONG KONGNAM HOI(INTERNATIONAL) LTD|Foreign corporate|15.28%|92,123,248|0|||
|ShenzhenGuangjuIndustrial Co.,|State-ownedcorporate|12.02%|72,451,123|0|||

||||||||
|-|-|-|-|-|-|-|
|Ltd.|||||||
|SHENZHENENERGY(GROUP) CO.,LTD.|State-ownedcorporate|10.80%|65,106,130|0|||
|Foresea LifeInsurance Co.,Ltd. – Ju Fuproducts|Domestic non-state-owned corporate|3.31%|19,974,634|0|||
|BOCISECURITIESLIMITED|Foreign corporate|1.95%|11,762,598|0|||
|TaifookSecuritiesCompanyLimited-AccountClient|Foreign corporate|1.63%|9,827,266|0|||
|Foresea LifeInsurance Co.,Ltd. – EquityFund|Domestic non-state-owned corporate|1.20%|7,245,602|0|||
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Foreign corporate|0.76%|4,602,711|0|||
|YAO XIUGUANG|Overseas natureperson|0.66%|3,998,000|0|||
|Phillip Securities(HK) Limited|Foreign corporate|0.66%|3,949,568|0|||
|Particular about top ten common shareholders with un-restrict shares held|||||||
|||Amount of unrestricted common shares held at|||Type of shares||
|Shareholders’ name|||||||
|||reporting period-end|||Type|Amount|
|HONG KONG NAM HOI(INTERNATIONAL) LTD||92,123,248|||Domestically||
||||||listed foreign|92,123,248|
||||||shares||
|Shenzhen Guangju Industrial Co.,Ltd.||72,451,123|||RMB ordinary||
|||||||72,451,123|
||||||shares||
|SHENZHEN ENERGY (GROUP)CO., LTD.||65,106,130|||RMB ordinary||
|||||||65,106,130|
||||||shares||

|||||
|-|-|-|-|
|Foresea Life Insurance Co., Ltd. – JuFu products|19,974,634|RMB ordinary||
||||19,974,634|
|||shares||
|BOCI SECURITIES LIMITED|11,762,598|Domestically||
|||listed foreign|11,762,598|
|||shares||
|Taifook Securities CompanyLimited-Account Client|9,827,266|Domestically||
|||listed foreign|9,827,266|
|||shares||
|Foresea Life Insurance Co., Ltd. –Equity Fund|7,245,602|RMB ordinary||
||||7,245,602|
|||shares||
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED|4,602,711|Domestically||
|||listed foreign|4,602,711|
|||shares||
|YAO XIU GUANG|3,998,000|Domestically||
|||listed foreign|3,998,000|
|||shares||
|Phillip Securities (HK) Limited|3,949,568|Domestically||
|||listed foreign|3,949,568|
|||shares||
||1. Shenzhen Energy (Group) Co., Ltd. holds 100% equities of HONG KONG NAM HOI|||
|Explanation on associated||||
||(INTERNATIONAL) LTD indirectly; 2. Among other social public shareholders, the|||
|relationship among the top ten||||
||Company did not know whether there were associated relationships or belonging to consistent|||
|shareholders or consistent action||||
||actors.|||
|Explanation on top ten common||||
|shareholders involving margin|N/A|||
|business (if applicable)||||

Pursuit to the relevant regulation of “Notice to increase the stock of the Company by majority shareholder of the Listed Company and Director, Supervisor and Senior Executive” issued by CSRC(CSRC Fa[2015] No.51), Shenzhen Guangju Industrial Co., Ltd.,--shareholder of the Company, plans to purchase A-stock of the Company with 25.12 million Yuan owned fund at most through securities company and directional assets management of the fund management company. In the reporting period, shareholder of the Company Shenzhen Guangju Industrial Co., Ltd. increased holdings of the A-share of the Company with 1,692,500 shares, a0.28% in total share capital through directional assets management plan. The stake-raising complies with relevant laws, administrative regulation and relevant regulation of Shenzhen Stock Exchange. At the same time, the Company will continuous attention to the share-increasing of Guangju Industrial and will perform information disclosure liability in line with relevant regulations.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period
□Yes√No
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing in reporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings in Period-end
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial indexes as well as reasons
√ Applicable□Not applicable
In RMB
||||||
|-|-|-|-|-|
||||Y-o-y||
||Year-begin to period-end|Same period of last year||Reasons for changes|
||||increase/decrease||
||265,761,057.54|517,174,537.29||generation subsidy|
|Non-operating revenue|||-49%||
|||||declined|
||116,532.87|10,380.50||Disposal of waste|
|Non-operating expense|||1023%||
|||||material|
||803,816.89|1,922,112.60||Total profit in the Period|
|Income tax expenses|||-58.18%||
|||||declined|
||-25,325,080.80|-42,919,280.74||Expenses of the|
|Net cash flow arising||||low-nitrogen|
|from investment|||-41%|transformation decreased|
|activities||||in the Period and made|
|||||net cash flows increased|
|Net cash flow arising|-86,983,457.69|-361,070,865.41|||
||||-76%|Financed amount growth|
|from financing activities|||||
|Net increase of cash and|304,900,887.77|-48,984,848.38|||
||||722.44%|Financed amount growth|
|cash equivalent|||||
||874,507,334.79|578,584,447.02||Size of financing|
|Monetary fund|||51%||
|||||increase|
||360,000,000.00|260,000,000.00||Bill merchants in the|
|Notes payable|||38%||
|||||Bank increased|
||55,727,207.04|42,162,535.84||Size of financing|
|Interest payable|||32%||
|||||increase|
||605,000,000.00|150,000,000.00||The short-term loans are|
|Long-term loans|||303%|exchange to long-term|
|||||loans|
|Retained profit|-100,572,664.51|-27,799,181.18|262%|Losses in the Year|
|Minority interests|62,781,634.54|107,604,935.67|-42%|Losses in the Year|

II. Progress and influence of the main events as well as solution analysis specification
√ Applicable□Not applicable
In reporting period, two generating sets owned by the controlling subsidiary of the Company Shen Nan Dian Dongguan Company, are still in downtime waiting for production due to the approval procedures. The Company and Shen Nan Dian Dongguan Company are making active preparations for the supportive documents with approval concerned, at the same time, reinforce the daily maintenance and service of the sets, guarantee the equipment are in good working condition for enabled at any time.
||||
|-|-|-|
|||Query indexes of disclosure website for|
|Overview|Disclosure date||
|||interim report|
|To ensure the development project of 53.82Mu lands of Shenzhong PropertyCompany, controlling subsidiary of theCompany, go without a hitch, theCompany carries out bidding work for theproject construction as plan. Through theopen tendering, Shenzhong PropertyCompany and successful bidderZhongheng Construction Group Co., Ltd.entered into a construction project contractdated 2 July 2015.|||
|||The “Progress Notice of the development|
|||project of 53.82 Mu lands of Shenzhong|
|||Property Company” (Notice No.:|
||2015-07-07||
|||2015-051) released on China Securities|
|||Journal, Securities Times, Hong Kong|
|||Commercial Daily and Juchao Website.|
|To meet the demand of capital foroperation development and routineactivities of the Company, enlarge sourceof finance, optimized financial structure,the Company plans to apply forregistration of the MTN (Medium TermNote) with 500 million Yuan at most (500million included) to National Associationof Financial Market Institutional Investors.|||
|||The “Notice of Plans to Issue MTN”|
|||(Notice No.: 2015-062) released on China|
||2015-08-25|Securities Journal, Securities Times, Hong|
|||Kong Commercial Daily and Juchao|
|||Website.|
|In order to expand financing channels,supplement working capital and promotethe development of the enterprise, theCompany plans to offering corporate bondsprivately with 2 billion Yuan at most (2billion Yuan included)|||
|||The “Notice of Offering Corporate Bonds|
|||Privately” (Notice No.: 2015-063) released|
||2015-08-25|on China Securities Journal, Securities|
|||Times, Hong Kong Commercial Daily and|
|||Juchao Website.|

III. Commitments made by the Company or shareholders holding above5% shares of the Company in reporting period or extending to reporting period
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||Commitment|Commitment||
||||||Implementation|
|Commitments|Accepter|Contents||||
||||time|period||
|Commitments for Share Merger Reform||||||
|Commitments in report of acquisition or||||||
|equity change||||||
|Commitments in assets replacement||||||
|Commitments make in Initial public||||||

|||||||
|-|-|-|-|-|-|
|offering or re-financing||||||
||Shenzhen|||||
||Guangju|||||
||Industrial Co.,|Promise not to||||
||Ltd.;|preparing the||||
||SHENZHEN|material events||||
||ENERGY|as material||||
|Other commitments for minority|(GROUP) CO.,|assets||||
||||2015-05-19|Within 3 months|Completed|
|shareholders|LTD.; HONG|reorganization,||||
||KONG NAM|acquisition,||||
||HOI|stock placement||||
||(INTERNATIO|in later three||||
||NAL)|months||||
||LIMITED; the|||||
||Company|||||
||Yes|||||
|Commitments for Share Merger Reform||||||

IV. Estimation of operation performance for year of 2015
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable√ Not applicable
V. Particular about security investment
□ Applicable√ Not applicable
The Company had no security investment in Period.
VI. Explanation on equity of other listed company held
□ Applicable√ Not applicable
No security investment in Period.
VII. Particulars about derivatives investment
□ Applicable√ Not applicable
The Company had no derivatives investment in Period.
VIII. Registration form of receiving research, communication and interview in the report period
√ Applicable□Not applicable
|||||||
|-|-|-|-|-|-|
||||||Contents discussed and|
|Time|Place|Way|Type|Reception||
||||||material provided|

|||||||
|-|-|-|-|-|-|
||||||Basic operation status of|
||||||the Company, financial|
|Jul. to Sep. of|Investor relation|||||
|||Written inquiries|Individual|Investor (9)|situation; and situation of|
|2015|interactive platform|||||
||||||shareholders’ buying and|
||||||selling company stock;|

Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Shenzhen Nanshan Power Co., Ltd
2015-10-23
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|874,507,334.79|578,584,447.02|
|Settlement provisions|||
|Capital lent|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes receivable|||
||375,335,814.43|502,772,509.41|
|Accounts receivable|||
|Accounts paid in advance|5,832,752.63|6,233,357.49|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|35,161,447.43|30,150,229.08|
|Purchase restituted finance asset|||
|Inventories|1,293,508,471.56|1,284,712,150.88|
|Divided into assets held for sale|||
|Non-current asset due within one|||
|year|||
|Other current assets|575,181,827.10|613,644,525.13|
|Total current assets|3,159,527,647.94|3,016,097,219.01|
|Non-current assets:|||

||||
|-|-|-|
|Loans and payments on behalf|||
|Finance asset available for sales|57,315,000.00|57,315,000.00|
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|23,352,712.10|24,597,397.33|
|Investment property|3,243,749.91|3,543,988.51|
|Fixed assets|1,777,196,810.19|1,839,739,944.19|
|Construction in progress|32,594,968.58|32,826,131.18|
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|54,487,160.79|56,524,171.28|
|Expense on Research and|||
|Development|||
|Goodwill|||
|Long-term expenses to be|||
|apportioned|||
|Deferred income tax asset|2,889,791.86|2,889,791.86|
|Other non-current asset|22,882,181.78|22,882,181.78|
|Total non-current asset|1,973,962,375.21|2,040,318,606.13|
|Total assets|5,133,490,023.15|5,056,415,825.14|
|Current liabilities:|||
|Short-term loans|2,239,050,000.00|2,617,890,000.00|
|Loan from central bank|||
|Absorbing deposit and interbank|||
|deposit|||
|Capital borrowed|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable|360,000,000.00|260,000,000.00|
|Accounts payable|132,203,859.00|139,165,440.83|
|Accounts received in advance|100,000.00||
|Selling financial asset of|||
|repurchase|||
|Commission charge and|||

||||
|-|-|-|
|commission payable|||
|Wage payable|42,694,981.21|47,122,426.07|
|Taxes payable|5,451,577.22|7,344,990.85|
|Interest payable|55,727,207.04|42,162,535.84|
|Dividend payable|||
|Other accounts payable|361,172,649.68|340,400,926.04|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||
|Security sales of agency|||
|Divided into liability held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|3,196,400,274.15|3,454,086,319.63|
|Non-current liabilities:|||
|Long-term loans|605,000,000.00|150,000,000.00|
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|27,100,000.00|27,100,000.00|
|Deferred income|44,358,913.79|47,082,314.96|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|676,458,913.79|224,182,314.96|
|Total liabilities|3,872,859,187.94|3,678,268,634.59|
|Owner’s equity:|||
|Share capital|602,762,596.00|602,762,596.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||

||||
|-|-|-|
|Capital public reserve|362,750,871.58|362,670,442.46|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus public reserve|332,908,397.60|332,908,397.60|
|Provision of general risk|||
|Retained profit|-100,572,664.51|-27,799,181.18|
|Total owner’s equity attributable to|1,197,849,200.67|1,270,542,254.88|
|parent company|||
|Minority interests|62,781,634.54|107,604,935.67|
|Total owner’s equity|1,260,630,835.21|1,378,147,190.55|
|Total liabilities and owner’s equity|5,133,490,023.15|5,056,415,825.14|

 Legal representative: Chairman Yang Haixian
Person in charge of accounting works: Director GM Wu Xiangdong; CFO Huang Jian
Person in charge of accounting institution: Financial Manager Gan Baoshan
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
||581,819,048.92|332,803,493.04|
|Monetary funds|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes receivable|||
|Accounts receivable|360,280,542.50|348,412,708.95|
|Account paid in advance|1,462,592.20|1,508,422.20|
|Interest receivable|||
|Dividends receivable|79,495,331.17|79,495,331.17|
|Other receivables|1,689,248,254.27|1,716,877,162.13|
|Inventories|85,498,206.94|83,913,536.01|
|Divided into assets held for sale|||
|Non-current assets maturing within|||
|one year|||
|Other current assets|431,069,182.27|436,292,055.11|
|Total current assets|3,228,873,158.27|2,999,302,708.61|

||||
|-|-|-|
|Non-current assets:|||
|Available-for-sale financial assets|57,315,000.00|57,315,000.00|
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|691,982,849.76|691,982,849.76|
|Investment property|||
|Fixed assets|258,303,895.75|266,027,993.11|
|Construction in progress|21,333,966.92|22,436,936.91|
|Project materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil and natural gas assets|||
|Intangible assets|5,829,513.02|6,909,693.29|
|Research and development costs|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|||
|Other non-current assets|||
|Total non-current assets|1,034,765,225.45|1,044,672,473.07|
|Total assets|4,263,638,383.72|4,043,975,181.68|
|Current liabilities:|||
|Short-term borrowings|1,704,000,000.00|1,689,000,000.00|
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable|360,000,000.00|260,000,000.00|
|Accounts payable|113,837,603.30|136,675,432.37|
|Accounts received in advance|||
|Wage payable|22,634,920.72|26,498,739.18|
|Taxes payable|2,211,959.23|1,277,289.10|
|Interest payable|3,335,064.57|3,885,184.72|
|Dividend payable|||
|Other accounts payable|107,788,906.27|154,070,351.82|

||||
|-|-|-|
|Divided into liability held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|2,313,808,454.09|2,271,406,997.19|
|Non-current liabilities:|||
|Long-term loans|250,000,000.00|150,000,000.00|
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|29,078,995.92|31,040,366.91|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|279,078,995.92|181,040,366.91|
|Total liabilities|2,592,887,450.01|2,452,447,364.10|
|Owners’ equity:|||
|Share capita|602,762,596.00|602,762,596.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Capital public reserve|288,849,561.59|288,769,132.47|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus reserve|332,908,397.60|332,908,397.60|
|Retained profit|446,230,378.52|367,087,691.51|
|Total owner’s equity|1,670,750,933.71|1,591,527,817.58|
|Total liabilities and owner’s equity|4,263,638,383.72|4,043,975,181.68|

3. Consolidated Profit Statement (this report period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|379,682,013.49|454,105,605.95|
|Including: Operating income|379,682,013.49|454,105,605.95|
|Interest income|||
|Insurance gained|||
|Commission charge and commission|||
|income|||
|II. Total operating cost|499,776,826.19|715,941,502.95|
|Including: Operating cost|419,384,089.65|631,861,783.90|
|Interest expense|||
|Commission charge and commission|||
|expense|||
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Operating tax and extras|1,864,230.96|1,632,600.04|
|Sales expenses|972,665.59|1,021,254.48|
|Administration expenses|22,437,738.99|24,009,056.89|
|Financial expenses|55,118,101.00|57,416,807.64|
|Losses of devaluation of asset|||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed|||
||-361,340.88|-452,525.72|
|with “-”)|||
|Including: Investment income on|||
|affiliated company and joint venture|||
|Exchange income (Loss is listed|||
|with “-”)|||
|III. Operating profit (Loss is listed with|||
||-120,456,153.58|-262,288,422.72|
|“-”)|||
|Add: Non-operating income|132,071,807.24|231,558,089.79|

||||
|-|-|-|
|Including: Disposal gains of|||
||16,544.20||
|non-current asset|||
|Less: Non-operating expense|87,772.34||
|Including: Disposal loss of|||
||87,625.73||
|non-current asset|||
|IV. Total Profit (Loss is listed with “-”)|11,527,881.32|-30,730,332.93|
|Less: Income tax expense|315,169.72|229,349.34|
|V. Net profit (Net loss is listed with “-”)|11,212,711.60|-30,959,682.27|
|Net profit attributable to owner’s of|||
||29,772,589.73|-13,949,995.11|
|parent company|||
|Minority shareholders’ gains and|||
||-18,559,878.13|-17,009,687.16|
|losses|||
|VI. Net after-tax of other comprehensive|||
|income|||
|Net after-tax of other comprehensive|||
|income attributable to owners of parent|||
|company|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method which|||
|will not be reclassified subsequently to|||
|profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method which|||
|will be reclassified subsequently to profit|||
|or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||

||||
|-|-|-|
|from reclassification of held-to-maturity|||
|investment as available-for-sale financial|||
|assets|||
|4. The effect hedging portion|||
|of gains or losses arising from cash flow|||
|hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign currency|||
|financial statements|||
|6. Other|||
|Net after-tax of other comprehensive|||
|income attributable to minority|||
|shareholders|||
|VII. Total comprehensive income|11,212,711.60|-30,959,682.27|
|Total comprehensive income|||
||29,772,589.73|-13,949,995.11|
|attributable to owners of parent Company|||
|Total comprehensive income|||
||-18,559,878.13|-17,009,687.16|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.05|-0.02|
|(ii) Diluted earnings per share|0|0|

 Legal representative: Chairman Yang Haixian
Person in charge of accounting works: Director GM Wu Xiangdong; CFO Huang Jian
Person in charge of accounting institution: Financial Manager Gan Baoshan
4. Profit Statement of parent company (this report period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|82,716,035.10|167,075,024.68|
|Less: Operating cost|113,538,250.85|253,432,480.70|
|Operating tax and extras|1,650,810.87|1,372,792.29|
|Sales expenses|||
|Administration expenses|5,214,630.65|12,780,474.64|
|Financial expenses|13,487,840.00|15,276,807.35|
|Losses of devaluation of asset|||
|Add: Changing income of fairvalue(Loss is listed with “-”)|||
|Investment income (Loss islisted with “-”)|||

||||
|-|-|-|
|Including: Investment income|||
|on affiliated company and joint venture|||
|II. Operating profit (Loss is listed|||
||-51,175,497.27|-115,787,530.30|
|with “-”)|||
|Add: Non-operating income|131,804,597.18|124,796,390.33|
|Including: Disposal gains of|||
||16,544.20||
|non-current asset|||
|Less: Non-operating expense|||
|Including: Disposal loss of|||
|non-current asset|||
|III. Total Profit (Loss is listed with|||
||80,629,099.91|9,008,860.03|
|“-”)|||
|Less: Income tax expense|||
|IV. Net profit (Net loss is listed with|||
||80,629,099.91|9,008,860.03|
|“-”)|||
|V. Net after-tax of other comprehensive|||
|income|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will be reclassified subsequently|||
|to profit or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||

||||
|-|-|-|
|from reclassification of held-to-maturityinvestment as available-for-salefinancial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|6. Other|||
|VI. Total comprehensive income|80,629,099.91|9,008,860.03|
|VII. Earnings per share:|||
|(i) Basic earnings per share|||
|(ii) Diluted earnings per share|||

5. Consolidated profit statement (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|1,030,239,250.67|981,503,161.72|
|Including: Operating income|1,030,239,250.67|981,503,161.72|
|Interest income|||
|Insurance gained|||
|Commission charge and commission|||
|income|||
|II. Total operating cost|1,411,432,057.68|1,627,453,193.69|
|Including: Operating cost|1,166,291,861.51|1,388,326,775.28|
|Interest expense|||
|Commission charge and commission|||
|expense|||
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Operating tax and extras|5,365,809.98|4,988,393.00|

||||
|-|-|-|
|Sales expenses|3,156,377.20|2,681,218.17|
|Administration expenses|65,648,374.06|67,200,133.52|
|Financial expenses|170,969,634.93|164,256,673.72|
|Losses of devaluation of asset|||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed|||
||-1,244,685.23|-1,722,673.24|
|with “-”)|||
|Including: Investment income on|||
|affiliated company and joint venture|||
|Exchange income (Loss is listed|||
|with “-”)|||
|III. Operating profit (Loss is listed with|||
||-382,437,492.24|-647,672,705.21|
|“-”)|||
|Add: Non-operating income|265,761,057.54|517,174,537.29|
|Including: Disposal gains of|||
||52,544.20||
|non-current asset|||
|Less: Non-operating expense|116,532.87|10,380.50|
|Including: Disposal loss of|||
||106,302.15||
|non-current asset|||
|IV. Total Profit (Loss is listed with “-”)|-116,792,967.57|-130,508,548.42|
|Less: Income tax expense|803,816.89|1,922,112.60|
|V. Net profit (Net loss is listed with “-”)|-117,596,784.46|-132,430,661.02|
|Net profit attributable to owner’s of|||
||-72,773,483.33|-89,197,843.82|
|parent company|||
|Minority shareholders’ gains and|||
||-44,823,301.13|-43,232,817.20|
|losses|||
|VI. Net after-tax of other comprehensive|||
|income|||
|Net after-tax of other comprehensive|||
|income attributable to owners of parent|||
|company|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||

||||
|-|-|-|
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method which|||
|will not be reclassified subsequently to|||
|profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method which|||
|will be reclassified subsequently to profit|||
|or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||
|from reclassification of held-to-maturity|||
|investment as available-for-sale financial|||
|assets|||
|4. The effect hedging portion|||
|of gains or losses arising from cash flow|||
|hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign currency|||
|financial statements|||
|6. Other|||
|Net after-tax of other comprehensive|||
|income attributable to minority|||
|shareholders|||
|VII. Total comprehensive income|-117,596,784.46|-132,430,661.02|
|Total comprehensive income|||
||-72,773,483.33|-89,197,843.82|
|attributable to owners of parent Company|||
|Total comprehensive income|||
||-44,823,301.13|-43,232,817.20|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|-0.12|-0.15|
|(ii) Diluted earnings per share|0|0|

6. Profit Statement of parent company (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|264,804,584.87|372,908,544.41|
|Less: Operating cost|330,896,594.87|592,135,728.48|
|Operating tax and extras|4,610,621.64|3,960,335.86|
|Sales expenses|||
|Administration expenses|29,921,941.44|31,117,830.66|
|Financial expenses|41,263,236.75|49,177,681.08|
|Losses of devaluation of asset|||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is|||
|listed with “-”)|||
|Including: Investment income|||
|on affiliated company and joint venture|||
|II. Operating profit (Loss is listed|||
||-141,887,809.83|-303,483,031.67|
|with “-”)|||
|Add: Non-operating income|221,030,496.84|286,080,071.99|
|Including: Disposal gains of|||
||16,544.20||
|non-current asset|||
|Less: Non-operating expense|||
|Including: Disposal loss of|||
|non-current asset|||
|III. Total Profit (Loss is listed with|||
||79,142,687.01|-17,402,959.68|
|“-”)|||
|Less: Income tax expense|||
|IV. Net profit (Net loss is listed with|||
||79,142,687.01|-17,402,959.68|
|“-”)|||
|V. Net after-tax of other comprehensive|||
|income|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||

||||
|-|-|-|
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will be reclassified subsequently|||
|to profit or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||
|from reclassification of held-to-maturity|||
|investment as available-for-sale|||
|financial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|6. Other|||
|VI. Total comprehensive income|79,142,687.01|-17,402,959.68|
|VII. Earnings per share:|||
|(i) Basic earnings per share|||
|(ii) Diluted earnings per share|||

7. Consolidated Cash Flow Statement (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|1,123,040,372.28|1,085,104,240.83|
|services|||

||||
|-|-|-|
|Net increase of customer deposit|||
|and interbank deposit|||
|Net increase of loan from central|||
|bank|||
|Net increase of capital borrowed|||
|from other financial institution|||
|Cash received from original|||
|insurance contract fee|||
|Net cash received from reinsurance|||
|business|||
|Net increase of insured savings and|||
|investment|||
|Net increase of amount from|||
|disposal financial assets that measured|||
|by fair value and with variation|||
|reckoned into current gains/losses|||
|Cash received from interest,|||
|commission charge and commission|||
|Net increase of capital borrowed|||
|Net increase of returned business|||
|capital|||
|Write-back of tax received|||
|Other cash received concerning|||
||497,062,438.54|500,907,400.32|
|operating activities|||
|Subtotal of cash inflow arising from|||
||1,620,102,810.82|1,586,011,641.15|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|1,044,522,721.52|1,071,338,360.92|
|service|||
|Net increase of customer loans and|||
|advances|||
|Net increase of deposits in central|||
|bank and interbank|||
|Cash paid for original insurance|||
|contract compensation|||
|Cash paid for interest, commission|||
|charge and commission|||
|Cash paid for bonus of guarantee|||
|slip|||

||||
|-|-|-|
|Cash paid to/for staff and workers|99,957,144.37|86,740,918.21|
|Taxes paid|14,266,503.05|35,272,888.84|
|Other cash paid concerning|||
||44,367,889.67|37,700,840.02|
|operating activities|||
|Subtotal of cash outflow arising from|||
||1,203,114,258.61|1,231,053,007.99|
|operating activities|||
|Net cash flows arising from operating|||
||416,988,552.21|354,958,633.16|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term|53,134.00|192,000.00|
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||
|Other cash received concerning|||
|investing activities|||
|Subtotal of cash inflow from investing|||
||53,134.00|192,000.00|
|activities|||
|Cash paid for purchasing fixed,|||
||25,378,214.80|43,111,280.74|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net increase of mortgaged loans|||
|Net cash received from|||
|subsidiaries and other units obtained|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||25,378,214.80|43,111,280.74|
|activities|||
|Net cash flows arising from investing|||
||-25,325,080.80|-42,919,280.74|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||

||||
|-|-|-|
|investment|||
|Including: Cash received from|||
|absorbing minority shareholders’|||
|investment by subsidiaries|||
|Cash received from loans|2,760,160,000.00|2,658,813,209.20|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|||5,000,000.00|
|financing activities|||
|Subtotal of cash inflow from financing|||
||2,760,160,000.00|2,663,813,209.20|
|activities|||
|Cash paid for settling debts|2,684,000,000.00|2,867,885,127.09|
|Cash paid for dividend and profit|||
||163,143,457.69|156,998,947.52|
|distributing or interest paying|||
|Including: Dividend and profit of|||
|minority shareholder paid by|||
|subsidiaries|||
|Other cash paid concerning|||
|financing activities|||
|Subtotal of cash outflow from financing|||
||2,847,143,457.69|3,024,884,074.61|
|activities|||
|Net cash flows arising from financing|||
||-86,983,457.69|-361,070,865.41|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|220,874.05|46,664.61|
|exchange rate|||
|V. Net increase of cash and cash|||
||304,900,887.77|-48,984,848.38|
|equivalents|||
|Add: Balance of cash and cash|||
||568,494,957.02|538,054,829.52|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||873,395,844.79|489,069,981.14|
|equivalents at the period -end|||

8. Cash Flow Statement of parent company (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|388,474,294.64|511,611,777.85|
|services|||

||||
|-|-|-|
|Write-back of tax received|||
|Other cash received concerning|||
||623,782,976.85|440,004,323.29|
|operating activities|||
|Subtotal of cash inflow arising from|||
||1,012,257,271.49|951,616,101.14|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|323,930,341.25|338,093,043.95|
|service|||
|Cash paid to/for staff and workers|58,251,874.68|52,098,759.20|
|Taxes paid|8,042,781.60|16,459,392.36|
|Other cash paid concerning|||
||372,044,547.02|248,952,323.81|
|operating activities|||
|Subtotal of cash outflow arising from|||
||762,269,544.55|655,603,519.32|
|operating activities|||
|Net cash flows arising from operating|||
||249,987,726.94|296,012,581.82|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term|52,000.00||
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||
|Other cash received concerning|||
|investing activities|||
|Subtotal of cash inflow from investing|||
||52,000.00||
|activities|||
|Cash paid for purchasing fixed,|||
||925,054.98|1,421,519.17|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net cash received from|||
|subsidiaries and other units|||
|Other cash paid concerning|||
|investing activities|||

||||
|-|-|-|
|Subtotal of cash outflow from investing|||
||925,054.98|1,421,519.17|
|activities|||
|Net cash flows arising from investing|||
||-873,054.98|-1,421,519.17|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
|investment|||
|Cash received from loans|1,954,000,000.00|1,689,000,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|||5,000,000.00|
|financing activities|||
|Subtotal of cash inflow from financing|||
||1,954,000,000.00|1,694,000,000.00|
|activities|||
|Cash paid for settling debts|1,839,000,000.00|1,879,000,000.00|
|Cash paid for dividend and profit|||
||115,101,312.76|103,771,227.04|
|distributing or interest paying|||
|Other cash paid concerning|||
|financing activities|||
|Subtotal of cash outflow from financing|||
||1,954,101,312.76|1,982,771,227.04|
|activities|||
|Net cash flows arising from financing|||
||-101,312.76|-288,771,227.04|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|2,196.68|-1,080.29|
|exchange rate|||
|V. Net increase of cash and cash|||
||249,015,555.88|5,818,755.32|
|equivalents|||
|Add: Balance of cash and cash|||
||332,803,493.04|264,557,683.68|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||581,819,048.92|270,376,439.00|
|equivalents at the period -end|||

II. Audit Report
Whether the third quarter report was audited or not
□Yes√No
The third quarter report of the Company has not been audited