Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd. Guangdong Rieys Group Company Ltd.
Report for the First Quarter of 2015
April 2015
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd. Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of Guangdong Rieys Group Company Ltd. (hereinafter referred to as “the Company”) warrant that the information carried in this report is factual, accurate and complete, without any false record, misleading statement or material omission. And they shall be jointly and severally liable for that.
All directors have attended the board session for reviewing this report.
Chen Hongcheng, company principal, Chen Jincai, chief of the accounting work, and Zheng Guangde, chief of the accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version shall prevail.
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd. Section II. Financial Highlights& Change of Shareholders
I. Main accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error?
□ Yes√ No
|||||
|-|-|-|-|
||Jan.-Mar. 2015|Jan.-Mar. 2014|+/- (%)|
|Operating revenues (RMB Yuan)|32,642,864.00|45,550,189.38|-28.34%|
|Net profit attributable to shareholders of|2,598,788.07|2,001,656.83||
||||29.83%|
|the Company (RMB Yuan)||||
|Net profit attributable to shareholders of||||
||2,679,707.83|3,623,741.25|-26.05%|
|the Company after extraordinary gains and||||
|losses (RMB Yuan)||||
|Net cash flows from operating activities|83,961,239.33|-50,470,714.89||
||||-266.36%|
|(RMB Yuan)||||
|Basic EPS (RMB Yuan/share)|0.010|0.010|0.00%|
|Diluted EPS (RMB Yuan/share)|0.010|0.010|0.00%|
|Weighted average ROE (%)|0.69%|0.55%|0.14%|
||31 Mar. 2015|31 Dec. 2014|+/- (%)|
|Total assets (RMB Yuan)|481,792,023.16|480,779,789.45|0.21%|
|Net assets attributable to shareholders of|375,286,567.46|372,687,779.39||
||||0.70%|
|the Company (RMB Yuan)||||

Items and amounts of extraordinary gains and losses
√ Applicable□ Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Mar. 2015|Explanation|
|Non-operating income and expense other than the above|-107,893.01||
|Less: Income tax effects|-26,973.25||
|Total|-80,919.76|--|

Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item□ Applicable√ Inapplicable
No such cases in the reporting period.
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd. II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders 1. Total number of common shareholders at the period-end and shareholdings of top 10 common shareholders
Unit: share
||||||||
|-|-|-|-|-|-|-|
|Total number of common|||||||
|||11,575|||||
|shareholders at the period-end|||||||
|Shareholdings of top 10 common shareholders|||||||
|||||Number of|Pledged or frozen shares||
|Name of|Nature of|Shareholding|Number of shares||||
|||||restricted shares|||
|shareholder|shareholder|percentage (%)|held||Status of shares|Number of shares|
|||||held|||
|ShenzhenShenghengchangHuifu IndustrialCo., Ltd.|Domesticnon-state-ownedcorporation|36.99%|117,855,000|11,785,500|||
||||||Pledged|11,785,500|
|ShenzhenRishengChuangyuanAssetManagement Co.,Ltd.|Domesticnon-state-ownedcorporation|10.68%|34,020,000|34,020,000|||
||||||Pledged|34,020,000|
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Foreigncorporation|8.43%|26,863,103||||
|ShenzhenLianhua HuirenIndustrial Co.,Ltd.|Domesticnon-state-ownedcorporation|3.81%|12,150,000|12,150,000|||
||||||Pledged|12,150,000|
|Su Youhe|Domestic naturalperson|2.27%|7,234,469||||
|ShanghaiWanguo|Foreign|1.48%|6,820,046||||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
|||||||
|-|-|-|-|-|-|
|Securities (HK)Limited|corporation|||||
|China EverbrightSecurities (HK)Limited|Foreigncorporation|0.49%|4,707,860|||
|Fan Jiongyang|Domestic naturalperson|0.36%|1,570,000|||
|Wei Guobin(NGAI KWOKPAN)|Domestic naturalperson|0.36%|1,145,816|||
|GuoyuanSecuritiesManager (HK)Co., Ltd.|Foreigncorporation|0.24%|775,454|||
|Shareholdings of top 10 non-restricted common shareholders||||||
|||||Variety of shares||
|Name of shareholder||Number of non-restricted common shares held||||
|||||Variety|Number|
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED||26,863,103||Domestically||
|||||listed foreign|26,863,103|
|||||shares||
|Su Youhe||7,234,469||Domestically||
|||||listed foreign|7,234,469|
|||||shares||
|Shanghai Wanguo Securities (HK)Limited||6,820,046||Domestically||
|||||listed foreign|6,820,046|
|||||shares||
|China Everbright Securities (HK)Limited||4,707,860||Domestically||
|||||listed foreign|4,707,860|
|||||shares||
|Fan Jiongyang||1,570,000||Domestically||
|||||listed foreign|1,570,000|
|||||shares||
|Wei Guobin (NGAI KWOK PAN)||1,145,816||Domestically||
|||||listed foreign|1,145,816|
|||||shares||
|Guoyuan Securities Manager (HK)||775,454||Domestically|775,454|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
|||||
|-|-|-|-|
|Co., Ltd.||listed foreign||
|||shares||
|Chen Jianxing|713,044|Domestically||
|||listed foreign|713,044|
|||shares||
|Han Liang|711,458|Domestically||
|||listed foreign|711,458|
|||shares||
|Chen Zhenqi|701,800|Domestically||
|||listed foreign|701,800|
|||shares||
||Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset|||
|Explanation on associated||||
||Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd., which belonged to|||
|relationship or persons acting in||||
||action-in-concert promulgated by Measures for the Administration of Disclosure of|||
|concert among the above-mentioned||||
||Information on the Change of Shareholdings in Listed Companies. The Company did not|||
|shareholders||||
||know whether there existed related relationship among other shareholders.|||
|Top 10 common shareholders taking||||
|part in securities margin trading (if|Inapplicable|||
|any)||||

Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conduct any promissory repo during the reporting period?
□ Yea√ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred shareholders
□ Applicable√ Inapplicable
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd. Section III. Significant Events
I. Significant changes in the major accounting statement items and financial indicators for the reporting period, as well as the reasons for these changes
√ Applicable□ Inapplicable
|||||||
|-|-|-|-|-|-|
|Balance sheet|Closing balance|Opening balance|Increase/decreaseof the amount|+/-%|Note|
|Monetaryfunds|100,630,832.16|16,669,591.58|83,961,240.58|503.68|Sale of commercial residential buildings|
|Accountsreceivable|73,472,924.37|95,496,303.24|-22,023,378.87|-23.06|The uncollected amounts due to sale ofcommercial residential buildingsdecreased.|
|Otherreceivables|69,076,204.09|89,037,813.63|-19,961,609.54|-22.42|Intra-group receivables increased.|
|Prepayments|984,897.80|18,630,000.00|-17,645,102.20|-94.71|Prepayments were made for someengineering projects but they could not besettled before the relevant receipts weresecured.|
|Inventories|127,415,356.76|149,982,410.85|-22,567,054.09|-15.05|Sale of commercial residential buildings|
|Accountspayable|2,774,775.42|3,288,878.36|-514,102.94|-15.63|Payables to suppliers increased.|
|Accountsreceived inadvance|12,011,365.42|13,963,451.97|-1,952,086.55|-13.98|Pre-sale payments received fromcustomers of commercial residentialbuildings carried over to sales.|
|Incomestatement|Jan.-Mar. 2015|Jan.-Mar. 2014|Increase/decreaseof the amount|+/-%|Note|
|Operatingrevenues|32,642,864.00|45,550,189.38|-12,907,325.38|-28.34|Revenue from sale of commercialresidential buildings was recognized.|
|Operatingcosts|22,567,054.09|32,080,506.43|-9,513,452.34|-29.65|Sale of commercial residential buildingsincurred costs.|
|Business taxand surtaxes|2,964,442.98|3,856,791.27|-892,348.29|-23.14|The business tax, etc. arising from sale ofcommercial residential buildings wererecognized.|
|Operatingexpenses|68,328.77|112,837.79|-44,509.02|-39.45|Revenue from sale of commercialresidential buildings decreased.|
|Financialexpenses|376,848.37|409,324.48|-32,476.11|-7.93|The principal of the borrowing fromEverbright Bank was repaid and theinterest expenses decreased accordingly.|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
|||||||
|-|-|-|-|-|-|
|Assetimpairmentlosses|20,026.85|47,650.11|-27,623.26|-57.97|The offset bad debts for the last perioddecreased.|
|Income taxexpenses|1,594,642.48|2,017,395.38|-422,752.90|20.96|Profits from sale of commercialresidential buildings decreased.|

 II. Progress of significant events and analysis& explanations on their influence and solutions□ Applicable√ Inapplicable
III. Commitments made by the Company or any shareholder with a stake over5% in the Company in the reporting period or such commitments made in previous periods but carried down into the reporting period
□ Applicable√ Inapplicable
No such cases in the reporting period.
IV. Predict the operating results of Jan.-Jun. 2015
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable√ Inapplicable
V. Securities investments
□ Applicable√ Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
√ Applicable□ Inapplicable
No such cases in the reporting period.
VII. Investments in derivatives
□ Applicable√ Inapplicable
No such cases in the reporting period.
VIII. Researches, visits and interviews received in the reporting period
√ Applicable□ Inapplicable
Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
|||||||
|-|-|-|-|-|-|
||||||Main discussion and|
|Time of reception|Place of reception|Way of reception|Visitor type|Visitor|materials provided by the|
||||||Company|
||||||Inquiries about the Company|
|||Telephone||||
|7 Jan. 2015|The Company||Individual|Investor|stock movements and|
|||communication||||
||||||business situation|
|||Telephone|||Inquiries about B shares|
|13 Jan. 2015|The Company||Individual|Investor||
|||communication|||reform matters|
||||||Inquiries about the operation|
|10 Feb. 2015|The Company|Field research|Institution|Investor|of Company and B shares|
||||||reform|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd. Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Guangdong Rieys Group Company Ltd.
31 Mar. 2015
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current Assets:|||
|Monetary funds|100,630,832.16|16,669,591.58|
|Settlement reserves|||
|Intra-group lendings|||
|Financial assets measured at fair|||
|value of which changes are recorded in|||
|current profits and losses|||
|Derivative financial assets|||
|Notes receivable|||
|Accounts receivable|73,472,924.37|95,496,303.24|
|Accounts paid in advance|984,897.80|18,630,000.00|
|Premiums receivable|||
|Reinsurance premiums receivable|||
|Receivable reinsurance contract|||
|reserves|||
|Interest receivable|||
|Dividend receivable|||
|Other accounts receivable|69,076,204.09|89,037,813.63|
|Financial assets purchased under|||
|agreements to resell|||
|Inventories|127,415,356.76|149,982,410.85|
|Assets held for sale|48,281,500.14|48,281,500.14|
|Non-current assets due within 1 year|||
|Other current assets|||
|Total current assets|419,861,715.32|418,097,619.44|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Non-current assets:|||
|Loans by mandate and advances|||
|granted|||
|Available-for-sale financial assets|||
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investment|||
|Investing real estate|||
|Fixed assets|47,102,379.78|47,784,925.99|
|Construction in progress|||
|Engineering materials|||
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
|Intangible assets|9,840,632.48|9,909,948.44|
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|4,987,295.58|4,987,295.58|
|Other non-current assets|||
|Total of non-current assets|61,930,307.84|62,682,170.01|
|Total assets|481,792,023.16|480,779,789.45|
|Current liabilities:|||
|Short-term borrowings|||
|Borrowings from Central Bank|||
|Customer bank deposits and due to|||
|banks and other financial institutions|||
|Intra-group borrowings|||
|Financial liabilities measured at fair|||
|value of which changes are recorded in|||
|current profits and losses|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|2,774,775.42|3,288,878.36|
|Accounts received in advance|12,011,365.42|13,963,451.97|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Financial assets sold for repurchase|||
|Handling charges and commissions|||
|payable|||
|Payroll payable|401,351.64|481,299.21|
|Tax payable|38,303,521.03|37,159,760.65|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|48,769,836.37|48,935,319.16|
|Reinsurance premiums payable|||
|Insurance contract reserves|||
|Payables for acting trading of|||
|securities|||
|Payables for acting underwriting of|||
|securities|||
|Liabilities held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|102,260,849.88|103,828,709.35|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Of which: preferred shares|||
|Perpetual bonds|||
|Long-term payables|||
|Long-term payroll payables|||
|Specific payables|||
|Estimated liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|102,260,849.88|103,828,709.35|
|Owners’ equity:|||
|Share capital|318,600,000.00|318,600,000.00|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Other equity instruments|||
|Of which: preferred shares|||
|Perpetual bonds|||
|Capital reserves|52,129,496.58|52,129,496.58|
|Less: Treasury stock|||
|Other comprehensive income|||
|Specific reserves|||
|Surplus reserves|86,036,260.20|86,036,260.20|
|Provisions for general risks|||
|Retained profits|-81,479,189.32|-84,077,977.39|
|Total equity attributable to owners of|||
||375,286,567.46|372,687,779.39|
|the Company|||
|Minority interests|4,244,605.82|4,263,300.71|
|Total owners’ equity|379,531,173.28|376,951,080.10|
|Total liabilities and owners’ equity|481,792,023.16|480,779,789.45|

 Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 2. Balance sheet of the Company
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current Assets:|||
|Monetary funds|95,091,688.08|16,198,906.48|
|Financial assets measured at fair|||
|value of which changes are recorded in|||
|current profits and losses|||
|Derivative financial assets|||
|Notes receivable|||
|Accounts receivable|||
|Accounts paid in advance|||
|Interest receivable|||
|Dividend receivable|||
|Other accounts receivable|68,589,838.39|84,236,984.90|
|Inventories|||
|Assets held for sale|48,281,500.14|48,281,500.14|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Non-current assets due within 1 year|||
|Other current assets|||
|Total current assets|211,963,026.61|148,717,391.52|
|Non-current assets:|||
|Available-for-sale financial assets|||
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investment|243,312,508.68|243,312,508.68|
|Investing real estate|||
|Fixed assets|44,591,756.20|45,092,439.91|
|Construction in progress|||
|Engineering materials|||
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
|Intangible assets|9,840,632.48|9,909,948.44|
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|2,629,205.29|2,629,205.29|
|Other non-current assets|||
|Total of non-current assets|300,374,102.65|300,944,102.32|
|Total assets|512,337,129.26|449,661,493.84|
|Current liabilities:|||
|Short-term borrowings|||
|Financial liabilities measured at fair|||
|value of which changes are recorded in|||
|current profits and losses|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|19,442.64|19,442.64|
|Accounts received in advance|||
|Payroll payable|185,969.20|210,712.65|
|Tax payable|2,302,522.42|3,130,621.23|
|Interest payable|||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Dividend payable|||
|Other accounts payable|298,600,657.96|233,514,796.81|
|Liabilities held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|301,108,592.22|236,875,573.33|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Of which: preferred shares|||
|Perpetual bonds|||
|Long-term payables|||
|Long-term payroll payables|||
|Specific payables|||
|Estimated liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|301,108,592.22|236,875,573.33|
|Owners’ equity:|||
|Share capital|318,600,000.00|318,600,000.00|
|Other equity instruments|||
|Of which: preferred shares|||
|Perpetual bonds|||
|Capital reserves|52,129,496.58|52,129,496.58|
|Less: Treasury stock|||
|Other comprehensive income|||
|Specific reserves|||
|Surplus reserves|86,036,260.20|86,036,260.20|
|Retained profits|-245,537,219.74|-243,979,836.27|
|Total owners’ equity|211,228,537.04|212,785,920.51|
|Total liabilities and owners’ equity|512,337,129.26|449,661,493.84|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd. 3. Consolidated income statement
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Mar. 2015|Jan.-Mar. 2014|
|I. Total operating revenues|32,642,864.00|45,550,189.38|
|Including: Sales income|32,642,864.00|45,550,189.38|
|Interest income|||
|Premium income|||
|Handling charge and commission|||
|income|||
|II. Total operating costs|28,360,235.33|40,789,641.14|
|Including: Cost of sales|22,567,054.09|32,080,506.43|
|Interest expenses|||
|Handling charge and commission|||
|expenses|||
|Surrenders|||
|Net claims paid|||
|Net amount withdrawn for the|||
|insurance contract reserve|||
|Expenditure on policy dividends|||
|Reinsurance premium|||
|Taxes and associate charges|2,964,442.98|3,856,791.27|
|Selling and distribution expenses|68,328.77|112,837.79|
|Administrative expenses|2,363,534.27|4,282,531.06|
|Financial expenses|376,848.37|409,324.48|
|Asset impairment loss|20,026.85|47,650.11|
|Add: Gain/(loss) from change in fair|||
|value (“-” means loss)|||
|Gain/(loss) from investment (“-”|||
|means loss)|||
|Including: share of profits in|||
|associates and joint ventures|||
|Foreign exchange gains (“-” means|||
|loss)|||
|III. Business profit (“-” means loss)|4,282,628.67|4,760,548.24|
|Add: non-operating income||2,033.00|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Including: Gains on disposal of|||
|non-current assets|||
|Less: non-operating expense|107,893.01|744,267.83|
|Including: Losses on disposal of|||
|non-current assets|||
|IV. Total profit (“-” means loss)|4,174,735.66|4,018,313.41|
|Less: Income tax expense|1,594,642.48|2,017,395.38|
|V. Net profit (“-” means loss)|2,580,093.18|2,000,918.03|
|Net profit attributable to owners of|||
||2,598,788.07|2,001,656.83|
|the Company|||
|Minority shareholders’ income|-18,694.89|-738.80|
|VI. After-tax net amount of other|||
|comprehensive incomes|||
|After-tax net amount of other|||
|comprehensive incomes attributable to|||
|owners of the Company|||
|(I) Other comprehensive incomes|||
|that will not be reclassified into gains and|||
|losses|||
|1. Changes in net liabilities or|||
|assets with a defined benefit plan upon|||
|re-measurement|||
|2. Enjoyable shares in other|||
|comprehensive incomes in investees that|||
|cannot be reclassified into gains and|||
|losses under the equity method|||
|(II) Other comprehensive incomes|||
|that will be reclassified into gains and|||
|losses|||
|1. Enjoyable shares in other|||
|comprehensive incomes in investees that|||
|will be reclassified into gains and losses|||
|under the equity method|||
|2. Gains and losses on fair|||
|value changes of available-for-sale|||
|financial assets|||
|3. Gains and losses on|||
|reclassifying held-to-maturity|||
|investments into available-for-sale|||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|financial assets|||
|4. Effective hedging gains and|||
|losses on cash flows|||
|5. Foreign-currency financia|l||
|statement translation difference|||
|6. Other|||
|After-tax net amount of other|||
|comprehensive incomes attributable to|||
|minority shareholders|||
|VII. Total comprehensive incomes|2,580,093.18|2,000,918.03|
|Attributable to owners of the|2,598,788.07||
|||2,001,656.83|
|Company|||
|Attributable to minority|-18,694.89||
|||-738.80|
|shareholders|||
|VIII. Earnings per share|||
|(I) Basic earnings per share|0.010|0.010|
|(II) Diluted earnings per share|0.010|0.010|

 Where business mergers under the same control occurred in this reporting period, the net profit achieved by the merged parties before the business mergers was RMB XXX, with the corresponding amount for the same period of last year being RMB XXX.
Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 4. Income statement of the Company
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Mar. 2015|Jan.-Mar. 2014|
|I. Total sales|0.00|0.00|
|Less: cost of sales|0.00|0.00|
|Business taxes and surcharges|||
|Distribution expenses|||
|Administrative expenses|1,169,535.01|2,524,877.12|
|Financial costs|352,236.78|375,122.18|
|Impairment loss|||
|Add: gain/(loss) from change in fairvalue (“-” means loss)|||
|||0.00|
|Gain/(loss) from investment (“-”means loss)|||
|||0.00|
|Including: income form investment|||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|on associates and joint ventures|||
|II. Business profit (“-” means loss)|-1,521,771.79|-2,899,999.30|
|Add: non-operating income|||
|Including: Gains on disposal of|||
|non-current assets|||
|Less: non-operating expense|35,611.68|500,828.18|
|Including: Losses on disposal of|||
|non-current assets|||
|III. Total profit (“-” means loss)|-1,557,383.47|-3,400,827.48|
|Less: Income tax expense|||
|IV. Net profit (“-” means loss)|-1,557,383.47|-3,400,827.48|
|V. After-tax net amount of other|||
|comprehensive incomes|||
|(I) Other comprehensive incomes that|||
|will not be reclassified into gains and|||
|losses|||
|1. Changes in net liabilities or|||
|assets with a defined benefit plan upon|||
|re-measurement|||
|2. Enjoyable shares in other|||
|comprehensive incomes in investees|||
|that cannot be reclassified into gains|||
|and losses under the equity method|||
|(II) Other comprehensive incomes|||
|that will be reclassified into gains and|||
|losses|||
|1. Enjoyable shares in other|||
|comprehensive incomes in investees|||
|that will be reclassified into gains and|||
|losses under the equity method|||
|2. Gains and losses on fair value|||
|changes of available-for-sale financial|||
|assets|||
|3. Gains and losses on|||
|reclassifying held-to-maturity|||
|investments into available-for-sale|||
|financial assets|||
|4. Effective hedging gains and|||
|losses on cash flows|||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|5. Foreign-currency financial|||
|statement translation difference|||
|6. Other|||
|VI. Total comprehensive incomes|-1,557,383.47|-3,400,827.48|
|VII. Earnings per share|||
|(I) Basic earnings per share|0.000|-0.010|
|(II) Diluted earnings per share|0.000|-0.010|

 5. Consolidated cash flow statement
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Mar. 2015|Jan.-Mar. 2014|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
||52,675,323.74|15,636,043.00|
|commodities and rendering of service|||
|Net increase of deposits from|||
|customers and dues from banks|||
|Net increase of loans from the|||
|central bank|||
|Net increase of funds borrowed from|||
|other financial institutions|||
|Cash received from premium of|||
|original insurance contracts|||
|Net cash received from reinsurance|||
|business|||
|Net increase of deposits of policy|||
|holders and investment fund|||
|Net increase of disposal of financial|||
|assets measured at fair value of which|||
|changes are recorded into current gains|||
|and losses|||
|Cash received from interest,|||
|handling charges and commissions|||
|Net increase of intra-group|||
|borrowings|||
|Net increase of funds in repurchase|||
|business|||
|Tax refunds received|||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Other cash received relating to|||
||42,575,759.34|12,183,889.84|
|operating activities|||
|Subtotal of cash inflows from operating|||
||95,251,083.08|27,819,932.84|
|activities|||
|Cash paid for goods and services|388,091.26|1,256,641.50|
|Net increase of customer lendings|||
|and advances|||
|Net increase of funds deposited in|||
|the central bank and amount due from|||
|banks|||
|Cash for paying claims of the|||
|original insurance contracts|||
|Cash for paying interest, handling|||
|charges and commissions|||
|Cash for paying policy dividends|||
|Cash paid to and for employees|871,116.67|1,434,443.90|
|Various taxes paid|3,573,220.17|2,541,237.25|
|Other cash payment relating to|||
||6,457,415.65|73,058,325.08|
|operating activities|||
|Subtotal of cash outflows from|||
||11,289,843.75|78,290,647.73|
|operating activities|||
|Net cash flows from operating|||
||83,961,239.33|-50,470,714.89|
|activities|||
|II. Cash flows from investing activities:|||
|Cash received from withdrawal of|||
|investments|||
|Cash received from return on|||
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other|||
|long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other business units|||
|Other cash received relating to|||
|investing activities|||
|Subtotal of cash inflows from investing|||
|activities|||
|Cash paid to acquire fixed assets,|||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|intangible assets and other long-term|||
|assets|||
|Cash paid for investment|||
|Net increase of pledged loans|||
|Net cash paid to acquire subsidiaries|||
|and other business units|||
|Other cash payments relating to|||
|investing activities|||
|Subtotal of cash outflows from|||
|investing activities|||
|Net cash flows from investing activities|||
|III. Cash Flows from Financing|||
|Activities:|||
|Cash received from capital|||
|contributions|||
|Including: Cash received from|||
|minority shareholder investments by|||
|subsidiaries|||
|Cash received from borrowings|||
|Cash received from issuance of|||
|bonds|||
|Other cash received relating to|||
|financing activities|||
|Subtotal of cash inflows from financing|||
|activities|||
|Repayment of borrowings|||
|Cash paid for interest expenses and|||
|distribution of dividends or profit|||
|Including: dividends or profit paid|||
|by subsidiaries to minority|||
|shareholders|||
|Other cash payments relating to|||
|financing activities|||
|Sub-total of cash outflows from|||
|financing activities|||
|Net cash flows from financing|||
|activities|||
|IV. Effect of foreign exchange rate|1.24|31.61|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|changes on cash and cash equivalents|||
|V. Net increase in cash and cash|||
||83,961,240.57|-50,470,683.28|
|equivalents|||
|Add: Opening balance of cash and|||
||16,669,591.58|56,330,640.22|
|cash equivalents|||
|VI. Closing balance of cash and cash|||
||100,630,832.15|5,859,956.94|
|equivalents|||

6. Cash flow statement of the Company
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Mar. 2015|Jan.-Mar. 2014|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
|commodities and rendering of service|||
|Tax refunds received|||
|Other cash received relating to|||
||101,508,779.26|39,706,047.39|
|operating activities|||
|Subtotal of cash inflows from operating|||
||101,508,779.26|39,706,047.39|
|activities|||
|Cash paid for goods and services|||
|Cash paid to and for employees|289,196.66|529,562.91|
|Various taxes paid|869,041.60|836,380.15|
|Other cash payment relating to|||
||21,457,759.40|40,783,744.15|
|operating activities|||
|Subtotal of cash outflows from|||
||22,615,997.66|42,149,687.21|
|operating activities|||
|Net cash flows from operating|||
||78,892,781.60|-2,443,639.82|
|activities|||
|II. Cash flows from investing activities:|||
|Cash received from retraction of|||
|investments|||
|Cash received from return on|||
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other|||
|long-term assets|||
|Net cash received from disposal of|||

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||
|-|
|subsidiaries or other business units|
|Other cash received relating to|
|investing activities|
|Subtotal of cash inflows from investing|
|activities|
|Cash paid to acquire fixed assets,|
|intangible assets and other long-term|
|assets|
|Cash paid for investment|
|Net cash paid to acquire subsidiaries|
|and other business units|
|Other cash payments relating to|
|investing activities|
|Subtotal of cash outflows from|
|investing activities|
|Net cash flows from investing activities|
|III. Cash Flows from Financing|
|Activities:|
|Cash received from capital|
|contributions|
|Cash received from borrowings|
|Cash received from issuance of|
|bonds|
|Other cash received relating to|
|financing activities|
|Subtotal of cash inflows from financing|
|activities|
|Repayment of borrowings|
|Cash paid for interest expenses and|
|distribution of dividends or profit|
|Other cash payments relating to|
|financing activities|
|Sub-total of cash outflows from|
|financing activities|
|Net cash flows from financing|
|activities|
|IV. Effect of foreign exchange rate|
|changes on cash and cash equivalents|

Report for the First Quarter of 2015 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|V. Net increase in cash and cash|||
||78,892,781.60|-2,443,639.82|
|equivalents|||
|Add: Opening balance of cash and|||
||16,198,906.48|5,484,282.30|
|cash equivalents|||
|VI. Closing balance of cash and cash|||
||95,091,688.08|3,040,642.48|
|equivalents|||

II.Auditor’s report
Is this report audited?
□ Yes√ No
This report is not audited.