Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 HAINAN JINGLIANG HOLDINGS CO., LTD.
THIRD QUARTER REPORT 2019
October 2019
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Hainan Jingliang Holdings 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, misleading statements or material omissions therein.
All theCompany’s directors have attended the Board meeting for the review of this Report and its summary.
Li Shaoling, theCompany’s legal representative, Guan Ying, theCompany’s head for financial affairs, and Liu Quanli, head of theCompany’s financial department (equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are factual, accurate and complete.
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 shall prevail.
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 Part II Key Corporate Information
I Key Consolidated Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes√ No
||||||||
|-|-|-|-|-|-|-|
||30 September 2019||31 December 2018||Change (%)||
|Total assets (RMB)|5,132,178,541.12||4,917,148,996.28||4.37%||
|Equity attributable to the listed|2,358,063,029.90||2,272,469,925.43||||
||||||3.77%||
|company’s shareholders (RMB)|||||||
||Q3 2019|YoY change (%)||Q1-Q3 2019||YoY change (%)|
|Operating revenue (RMB)|1,824,886,529.92|-3.94%||5,108,164,255.31||-7.79%|
|Net profit attributable to the listed|33,840,967.80|||85,351,872.21|||
|||-20.08%||||-16.54%|
|company’s shareholders (RMB)|||||||
|Net profit attributable to the listed|||||||
|company’s shareholders before|28,276,307.45|-34.00%||69,470,781.04||-30.00%|
|exceptional items (RMB)|||||||
|Net cash generated from/used in||||446,745,732.08|||
||--|--||||6.47%|
|operating activities (RMB)|||||||
|Basic earnings per share (RMB/share)|0.05|-16.67%||0.12||-20.00%|
|Diluted earnings per share|0.05|||0.12|||
|||-16.67%||||-20.00%|
|(RMB/share)|||||||
|Weighted average return on equity|||||||
||1.48%|-26.00%||3.69%||-22.00%|
|(%)|||||||

Exceptional gains and losses:
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|Q1-Q3 2019|Note|
|Gain or loss on disposal of non-current assets (inclusive of impairment|||
||11,265,753.65||
|allowance write-offs)|||
|Government subsidies recognized in the current period, except for those|||
|acquired in the ordinary course of business or granted at certain quotas or|3,058,788.87||
|amounts according to the government’s unified standards|||
|Gains/Losses on fair value changes of trading financial assets and liabilities|||
|& investment income from disposal of trading financial assets and|7,948,330.08||
|liabilities as well as financial assets available for sale (exclusive of|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|effective hedges related to normal business operations of the Company)|||
|Non-operating income and expense other than above|889,800.28||
|Project confirmed with the definition of non-recurring gains and losses and|||
||-122,538.24||
|losses|||
|Less: Income tax effects|5,760,033.66||
|Non-controlling interests effects (net of tax)|1,399,009.81||
|Total|15,881,091.17|--|

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gain/Loss Items:
□ Applicable√ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2019 1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders
Unit: share
||||||||||
|-|-|-|-|-|-|-|-|-|
||||Number of preferred||||||
|Number of ordinary shareholders|38,631||shareholders with resumed|||0|||
||||voting rights (if any)||||||
|Top 10 shareholders|||||||||
||||||||Shares in pledge or||
||Nature of|Shareholding||Number of|Restricted||||
|Name of shareholder|||||||frozen||
||shareholder|percentage||shares|shares||||
||||||||Status|Shares|
|BEIJING GRAIN GROUP CO., LTD.|State-ownedlegal person|42.06%||288,439,561|164,877,598||||
|BEIJING STATE-OWNED CAPITALOPERATION AND MANAGEMENTCENTER|State-ownedlegal person|7.07%||48,510,460|48,510,460||||
|CHINA DEVELOPMENT BANKCAPITAL CO., LTD.|State-ownedlegal person|2.97%||20,393,051|0||||
|LI SHERYN ZHAN MING|Foreign naturalperson|2.54%||17,425,400|0||||
|GOLD BUFFALO RUNYING(TIANJIN) EQUITY INVESTMENTFUND MANAGEMENT CO.,|Other|2.20%||15,116,472|0||||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||||||
|-|-|-|-|-|-|-|
|LTD.—GOLD BUFFALO RUNYING(TIANJIN) EQUITY INVESTMENTFUND (L.P.)|||||||
|MEI JIANYING|Domesticnatural person|0.38%|2,604,203|0|||
|HU TIANGAO|Domesticnatural person|0.34%|2,356,052|0|||
|ZHANG XIAOXIA|Domesticnatural person|0.28%|1,949,250|0|||
|WANG XIAOXING|Domesticnatural person|0.25%|1,742,700|0|||
|LIN LI|Domesticnatural person|0.24%|1,669,600|0|||
|Top 10 unrestricted shareholders|||||||
||||||Shares by type||
|Name of shareholder||Unrestricted shares|||||
||||||Type|Shares|
|BEIJING GRAIN GROUP CO., LTD.||123,561,963|||RMB-denominate||
|||||||123,561,963|
||||||d ordinary stock||
|CHINA DEVELOPMENT BANK CAPITAL CO., LTD.||20,393,051|||RMB-denominate||
|||||||20,393,051|
||||||d ordinary stock||
|LI SHERYN ZHAN MING||17,425,400|||Domestically||
||||||listed foreign|17,425,400|
||||||stock||
|GOLD BUFFALO RUNYING (TIANJIN) EQUITYINVESTMENT FUND MANAGEMENT CO.,LTD.—GOLD BUFFALO RUNYING (TIANJIN)EQUITY INVESTMENT FUND (L.P.)||15,116,472|||||
||||||RMB-denominate||
|||||||15,116,472|
||||||d ordinary stock||
|MEI JIANYING||2,604,203|||RMB-denominate||
|||||||2,604,203|
||||||d ordinary stock||
|HU TIANGAO||2,356,052|||RMB-denominate||
|||||||2,356,052|
||||||d ordinary stock||
|ZHANG XIAOXIA||1,949,250|||Domestically||
||||||listed foreign|1,949,250|
||||||stock||
|WANG XIAOXING||1,742,700|||RMB-denominate||
|||||||1,742,700|
||||||d ordinary stock||
|LIN LI||1,669,600|||RMB-denominate||
|||||||1,669,600|
||||||d ordinary stock||
|CHEN OUQIN||1,652,679|||RMB-denominate|1,652,679|

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|||d ordinary stock|
||Beijing State-Owned Capital Operation And Management Center owns||
||100% of Beijing Grain Group Co., Ltd., and Beijing Grain Group Co.,||
|Related or acting-in-concert parties among shareholders|||
||Ltd. is a shareholder of the Company (a 42.06% holding). Apart from||
|above|||
||that, the Company does not know whether there are any other related||
||parties or acting-in-concert parties among the top 10 shareholders.||
||1. Shareholder Wang Xiaoxing holds 1,742,700 shares in the Company||
||through his account of collateral securities for margin trading in||
||Soochow Securities Co., Ltd.||
|Top 10 ordinary shareholders involved in securities|||
||2. Shareholder Hu Tiangao holds 338,000 shares in the Company||
|margin trading (if any)|||
||through his account of collateral securities for margin trading in||
||Zheshang Securities Co., Ltd. and 2,018,052 shares in the Company||
||through his common account.||

Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conducted any promissory repo during the Reporting Period.
□ Yea√ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable√ Not applicable
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 Part III Significant Events
I Changes in Selected Consolidated Financial Statement Line Items and Explanation of why√ Applicable□ Not applicable
1. The decrease of monetary capital primarily driven by the repayment of bank borrowings and purchase of income receipts regarding cash management of raised funds during the Reporting Period.
2. The increase of prepayments primarily driven by the increase of prepayments to suppliers arising from increase of procurement out of necessity of production and operation during the Reporting Period.
3. The increase of other receivables primarily driven because the charge of warehouse service for Q3 2019 has not been received yet as at 30 September 2019.
4. The increase of other current assets primarily because the purchase of income receipts regarding cash management of raised funds during the Reporting Period has not expired yet as at 30 September 2019.
5. The decrease of construction in progress primarily driven by the transfer of some construction in progress into fixed assets due to completion during the Reporting Period.
6. The increase of other non-current assets primarily driven by the increase of fixed time deposits of more than one year during the Reporting Period.
7. The increase of notes payable and accounts payable primarily driven by the increase of debts to suppliers arising from increase of procurement out of necessity of production and operation.
8. The decrease of payroll payable primarily driven by the payment in the Reporting Period of the 2018 annual performance pay that had been set aside in 2018.
9. The increase of asset disposal income primarily driven by the net income from demolition of some courtyard walls of the Company located at Luhe, Tongzhou District, Beijing for the eastern expansion of Guangqu Road in 2019.
10. The increase of net cash generated from financing activities primarily driven by bank loan repayment in 2019 out of necessity of production and operation plans.
11. The decrease of net profit attributable to the listedcompany’s shareholders before exceptional items is primarily driven by the negative effects on the Sino-US trade friction and the increase of the raw material cost and others.
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 II Progress, Influence and Solutions Associated with Significant Events
√ Applicable□ Not applicable
||||
|-|-|-|
|Overview of significant events|Disclosure date|Announcement index|
|The Company and its wholly-ownedsubsidiary Beijing Jingliang FoodCo., Ltd. intend to purchase 25.1149%of equity interests in ZhejiangXiaowangzi Food Share Co, Ltd.collectively held by six naturalpersons via cash payment and shareoffering. The six natural persons areWang Yuecheng, Qiu Xiaobin, HongMuqiang, Zhu Yanjun, Yao Zishanand Shuai Yiwu. The Company heldthe board meeting on 19 July 2019, onwhich the Proposal on Plan of AssetPurchase via Cash Payment andShare Offering by Hainan JingliangHoldings Co., Ltd. and its Summaryand proposals in relation to thistransaction were reviewed andapproved.|||
|||Cninfo: Announcement of Hainan Jingliang Holdings Co., Ltd. on|
||13 July 2019|Suspension of Trading of the Company’s Stocks for Plan of Asset|
|||Purchase via Cash Payment and Share Offering (2019-045)|
|||Cninfo: Indicative Announcement of Hainan Jingliang Holdings|
|||Co., Ltd. on Plan of Asset Purchase via Cash Payment and Share|
||22 July 2019||
|||Offering and Related-party Transactions and Resumption of|
|||Trading of the Company’s Stocks (2019-046)|
|||Cninfo: Announcement of Hainan Jingliang Holdings Co., Ltd. on|
|||Progress of Plan of Asset Purchase via Cash Payment and Share|
||21 August 2019||
|||Offering and Related-party Transactions after Disclosure thereof|
|||(2019-056)|
|||Cninfo: Announcement of Hainan Jingliang Holdings Co., Ltd. on|
|||Progress of Plan of Asset Purchase via Cash Payment and Share|
||21 September 2019||
|||Offering and Related-party Transactions after Disclosure thereof|
|||(2019-065)|
|The 8th Board of Directors and the 8thSupervisory Committee expired inSeptember 2019. Then, the Companyheld the 3rd Extraordinary GeneralMeeting of 2019 on 23 September2019 and approved all proposals inrelation to the general election of theBoard of Directors and theSupervisory Committee viacumulative voting and held the 1stMeeting of the 9th Board of Directorsand the 1st Meeting of the 9thSupervisory Committee on 26September 2019, on which theChairman of the Board, the Chairmanof the Supervisory Committee andmembers of all special committeeswere elected and the seniormanagement were engaged.||Cninfo: Announcement of Hainan Jingliang Holdings Co., Ltd. on|
||24 September 2019||
|||Changing Directors and Supervisors (2019-067)|
|||Cninfo: Announcement of Hainan Jingliang Holdings Co., Ltd. on|
||27 September 2019|Resolutions of the 1st Meeting of the 9th Board of Directors|
|||(2019-068)|
|||Cninfo: Announcement of Hainan Jingliang Holdings Co., Ltd. on|
||27 September 2019|Resolutions of the 1st Meeting of the 9th Supervisory Committee|
|||(2019-069)|

Progress on any share repurchases:
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019□ Applicable√ Not applicable
Progress on reducing the repurchased shares by means of centralized bidding:
□ Applicable√ Not applicable
III Commitments that theCompany’s Actual Controller, Shareholders, Related Parties and Acquirers, as well as the Company Itself and Other Parties, Failed to Fulfill on Time during Reporting Period
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IV Securities Investments
√ Applicable□ Not applicable
Unit: RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||Gain/Lo||||||||
||||||||Accumu|||||||
|||||||ss on||||||||
||||||||lated|||||||
||||Initial|||fair-valu||Purchas||Gain/los||||
|Security|Security|Security||Measure|Beginni|e|fair-valu|ed in|Sold in|s in|Ending|Account|Funding|
||||investm|ment|ng|changes|e|Reporti|Reporti|Reporti|carrying|||
|type|code|name|||carrying||changes||ng|||ing title|source|
||||ent cost|method|amount|in|charged|ng|Period|ng|amount|||
|||||||Reporti||Period||Period||||
||||||||to|||||||
|||||||ng||||||||
||||||||equity|||||||
|||||||Period||||||||
|||||||||20,647,|20,647,|||||
|||||Cost||||||2,070,7|||Self-rais|
|Other|204001|GC001||||||200,000|200,000|||Other||
|||||method||||||48.08|||ed|
|||||||||.00|.00|||||
|||||Cost||||300,000|300,000|74,650.|||Self-rais|
|Other|204004|GC004||||||||||Other||
|||||method||||,000.00|,000.00|83|||ed|
|||||Cost||||120,200|120,200|119,991.|||Self-rais|
|Other|204007|GC007||||||||||Other||
|||||method||||,000.00|,000.00|46|||ed|
|||||Cost||||100,300|100,300|98,005.|||Self-rais|
|Other|204014|GC014||||||||||Other||
|||||method||||,000.00|,000.00|90|||ed|
|||||||||21,167,|21,167,|||||
|||||||||||2,363,3||||
|Total|||0.00|--|0.00|0.00|0.00|700,000|700,000||0.00|--|--|
|||||||||||96.27||||
|||||||||.00|.00|||||
|Disclosure date of||||||||||||||
|announcement on Board’s||||||||||||||
||||21 February 2019|||||||||||
|consent for securities||||||||||||||
|investments||||||||||||||
|Disclosure date of||||||||||||||
||||N/A|||||||||||
|announcement on general||||||||||||||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||
|-|
|meeting’s consent for|
|securities investments (if|
|any)|

V Wealth Management Entrustment
√ Applicable□ Not applicable
Unit:RMB’0,000 (in RMB ten thousand yuan)
||||||
|-|-|-|-|-|
|Type of wealth|Funding source||Outstanding amountbefore maturity||
|||Principal||Overdue amount|
|management|||||
|Wealth management|||||
|product purchased from|Idle raised|38,700|38,700|0|
|securities trader|||||
|Wealth management|||||
|product purchased from|Self-funded|9,030|3,430|0|
|bank|||||
|Total||47,730|42,130|0|

 High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or no protection of the principal:
√ Applicable□ Not applicable
Unit:RMB’0,000 (in RMB ten thousand yuan)
||||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||Typeof||||||||||||||Overv|
|||||||||||||Collec|||||
|||||||||||||||||iew|
|||||||||||||tion/pa||Throu|||
||||||||||Refere|Expect|Actual||||Any|and|
||||||||Invest|||||yment|Impair|gh|||
|||||||||Way|nce|ed|gain/lo||||plan|index|
||Type|||Fundi|||ment|||||of|ment|prescri|||
|Truste||wealth|Princi||Start|End||of|annual|earnin|ss in||||for|to|
||of|||ng|||with|||||gain/lo|allowa|bed|||
|e||manag|pal||date|date||payba|ized|gs|Report||||further|more|
||trustee|||source|||princi|||||ss in|nce (if|proced|||
|||ementproduct||||||ck|return|(if|ing||||entrust|infor|
||||||||pal|||||Report|any)|ure or|||
||||||||||(%)|any)|Period||||ment|matio|
|||||||||||||ing||not|||
|||||||||||||||||n (if|
|||||||||||||Period|||||
|||||||||||||||||any)|
|||Certificationof trustreceipt||||||Pay|||||||||
|||||||||the|||||||||
|||||||||||||||||www.|
||||||||Agree|princi|||||||||
|CITIC|Securit|||||14||||||||||cninfo|
|||||Idle|||ment|pal|||||||||
|SECU|ies||||4 July|Octob||||||Unred||||.com.c|
||||38,700|raised|||of|and|2.70%||0|||Yes|Yes||
|RITIE|compa||||2019|er||||||eemed||||n:|
|||||capital|||contra|earnin|||||||||
|S|ny|||||2019||||||||||2019-|
||||||||ct|gs at|||||||||
|||||||||||||||||044|
|||||||||the|||||||||
|||||||||maturi|||||||||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||ty date||||||||
|||||||of||||||||
|||||||invest||||||||
|||||||ment||||||||
|Total|38,700|--|--|--|--|--|--|0|0|--|--|--|--|

 Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:□ Applicable√ Not applicable
VI Investments in Derivative Financial Instruments
√ Applicable□ Not applicable
Unit:RMB’0,000 (in RMB ten thousand yuan)
|||||||
|-|-|-|-|-|-|
|||||Ending investment|Actual|
||||Ending|as % of the|gain/loss in|
|Type of derivative|Start date|End date||||
||||investment|Company’s ending net|Reporting|
|||||assets|Period|
|Agricultural product future||||||
||1 January 2019|30 September 2019|7,532.71|3.19%|-4,955.39|
|contract||||||
|Foreign exchange forwards|1 January 2019|30 September 2019|23|0.01%|376.1|
|Total|--|--|7,555.71|3.20%|-4,579.29|
|Funding source|Self-funded|||||
|Legal matters involved (if||||||
||N/A|||||
|applicable)||||||
|Disclosure date of board|21 February 2019|||||
|announcement approving||||||
||30 March 2019|||||
|derivative investment (if any)||||||
|Disclosure date of general|9 March 2019|||||
|meeting announcement||||||
|approving derivative|20 April 2019|||||
|investment (if any)||||||
||The Company’s conduction of hedging business is not aimed at speculation, but mainly to|||||
|Analysis of risks and control|effectively avoid the impact of raw material price fluctuation on the Company. However, there will|||||
|measures associated with|be certain risks: 1. Price fluctuation risk: price fluctuation risk may be generated when the futures|||||
|derivative investments held in|market changes greatly, resulting in transaction losses; 2. Capital risk: capital risk may be|||||
|Reporting Period (including|correspondingly brought because the futures trading adopts margin and marking-to-market system;|||||
|but not limited to market risk,|3. Internal control risk: there may be risks due to imperfect internal control system for the high|||||
|liquidity risk, credit risk,|expertise and complexity of futures trading; 4. Technical risk: there may be technical risks due to|||||
|operational risk, legal risk,|incomplete computer systems. The Company adopts following risk control measures: 1. Matching|||||
|etc.)|the hedging business with the Company’s production and operation so as to maximally reduce the|||||
||price fluctuation risk; 2. The Company will reasonably dispatch its own funds for hedging business,|||||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
|||
|-|-|
||strictly control the hedging fund scale and reasonably plan and use margins; 3. Management System|
||of Commodity Futures Trading is formulated at the Company and subsidiaries levels respectively|
||based on actual situation of the Company and pursuant to governing stipulations of Guidelines for|
||Standard Operation of Companies Listed in Shenzhen Stock Exchange which have made clearly|
||stipulations about the amount, variety scope, approval authority, internal approval procedures,|
||responsible departments and persons, information isolation measures, internal risk report and related|
||solution process, information disclosure, etc. regarding hedging business. The Company will strictly|
||control all sectors in accordance with the management system formulated; 4. Establishing qualified|
||systems for transaction, communication and information services so as to guarantee the normal|
||operation of the transaction system and smooth proceeding of transactions. When a wrong order|
||occurs, corresponding measures should be timely taken to reduce losses.|
|Changes in market prices or||
|fair value of derivative||
|investments in Reporting|The value of the Company’s future contracts changed according to the contract prices declared by|
|Period (fair value analysis|the future exchange, which were broadly representative. And the fair value of the Company’s future|
|should include measurement|contracts was executed in strict compliance with the future exchange’s settlement methods.|
|method and related||
|assumptions and parameters)||
|Major changes in accounting||
|policies and specific||
|accounting principles adopted||
||N/A|
|for derivative investments in||
|Reporting Period compared to||
|last reporting period||
||The relevant decision-making procedures for the Company and its majority-owned subsidiaries to|
||conduct foreign exchange derivatives trading business are in compliance with relevant national|
||laws, regulations and the governing provisions of the Articles of Association after verification.|
|Opinion of independent|Based on normal production and operation, the Company uses foreign exchange derivatives|
|directors on derivative|instruments to reduce exchange rate risks and finance costs, and control business risks. There is no|
|investments and risk control|harm to the interests of the Company and all other shareholders, especially minority shareholders. It|
||is agreed that the Company and its majority-owned subsidiaries will conduct foreign exchange|
||derivative trading business within the consideration amount, and submit to the general meeting for|
||deliberation.|

VII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc. during Reporting Period
□ Applicable√ Not applicable
No such cases in the Reporting Period.
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 VIII Irregularities in Provision of Guarantees for External Parties
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IX Occupation of theCompany’s Capital by Controlling Shareholder or Its Related Parties for Non-Operating Purposes
□ Applicable√ Not applicable
No such cases in the Reporting Period.
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Hainan Jingliang Holdings Co., Ltd.
30 September 2019
Unit: RMB
||||
|-|-|-|
|Item|30 September 2019|31 December 2018|
|Current assets:|||
|Monetary capital|495,666,232.11|924,870,016.78|
|Settlement reserve|||
|Interbank loans granted|||
|Trading financial assets|||
|Financial assets at fair value through|||
|profit or loss|||
|Derivative financial assets|49,872,120.50|71,260,414.60|
|Notes receivable|||
|Accounts receivable|95,540,151.58|97,775,710.11|
|Accounts receivable financing|||
|Prepayments|430,689,409.61|120,181,442.89|
|Premiums receivable|||
|Reinsurance receivables|||
|Receivable reinsurance contract|||
|reserve|||
|Other receivables|65,460,014.32|18,256,513.93|
|Including: Interests receivable|483,694.45|2,400,877.51|
|Dividends receivable|||
|Financial assets purchased under|||
|resale agreements|||
|Inventories|992,709,551.35|1,224,186,963.07|
|Contractual assets|||
|Assets classified as held for sale|||
|Current portion of non-current assets|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Other current assets|836,609,741.86|288,821,816.63|
|Total current assets|2,966,547,221.33|2,745,352,878.01|
|Non-current assets:|||
|Loans and advances to customers|||
|Investments in debt obligations|||
|Available-for-sale financial assets||20,000,000.00|
|Investments in other debt obligations|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|187,325,274.16|182,827,226.11|
|Investments in other equity|||
||20,000,000.00||
|instruments|||
|Other non-current financial assets|||
|Investment property|32,184,788.51|33,395,101.68|
|Fixed assets|1,241,030,763.35|1,271,803,080.56|
|Construction in progress|27,249,683.31|37,369,757.78|
|Productive living assets|||
|Oil and gas assets|||
|Right-of-use assets|||
|Intangible assets|373,516,890.08|383,382,527.68|
|R&D expense|||
|Goodwill|191,394,422.51|191,394,422.51|
|Long-term prepaid expense|23,950,504.42|34,671,018.22|
|Deferred income tax assets|13,978,993.45|15,330,980.14|
|Other non-current assets|55,000,000.00|1,622,003.59|
|Total non-current assets|2,165,631,319.79|2,171,796,118.27|
|Total assets|5,132,178,541.12|4,917,148,996.28|
|Current liabilities:|||
|Short-term borrowings|1,139,402,578.70|1,437,715,080.91|
|Borrowings from central bank|||
|Interbank loans obtained|||
|Trading financial liabilities|||
|Financial liabilities at fair value|||
|through profit or loss|||
|Derivative financial liabilities|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Notes payable|||
|Accounts payable|336,251,875.67|140,564,713.11|
|Advances from customers|324,648,928.69|145,317,064.18|
|Contractual liabilities|||
|Financial assets sold under|||
|repurchase agreements|||
|Customer deposits and interbank|||
|deposits|||
|Payables for acting trading of|||
|securities|||
|Payables for underwriting of|||
|securities|||
|Payroll payable|11,003,826.95|31,494,568.05|
|Taxes payable|38,933,903.00|35,783,819.84|
|Other payables|165,377,948.13|111,288,708.99|
|Including: Interest payable|25,010,702.02|26,972,826.90|
|Dividends payable|11,013,302.88|11,197,317.01|
|Handling charges and commissions|||
|payable|||
|Reinsurance payable|||
|Liabilities directly associated with|||
|assets classified as held for sale|||
|Current portion of non-current|||
|liabilities|||
|Other current liabilities||11,100,915.25|
|Total current liabilities|2,015,619,061.14|1,913,264,870.33|
|Non-current liabilities:|||
|Insurance contract reserve|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|40,245,406.52|40,245,406.52|
|Provisions|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Deferred income|73,743,596.30|74,953,385.51|
|Deferred income tax liabilities|65,140,818.53|49,618,839.47|
|Other non-current liabilities|||
|Total non-current liabilities|179,129,821.35|164,817,631.50|
|Total liabilities|2,194,748,882.49|2,078,082,501.83|
|Owners’ equity:|||
|Share capital|685,790,364.00|685,790,364.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|1,595,711,805.31|1,595,711,805.31|
|Less: Treasury stock|||
|Other comprehensive income|241,670.59|438.33|
|Special reserves|||
|Surplus reserves|122,122,436.98|122,122,436.98|
|General reserve|||
|Retained earnings|-45,803,246.98|-131,155,119.19|
|Total equity attributable to owners of|||
||2,358,063,029.90|2,272,469,925.43|
|the Company as the parent|||
|Non-controlling interests|579,366,628.73|566,596,569.02|
|Total owners’ equity|2,937,429,658.63|2,839,066,494.45|
|Total liabilities and owners’ equity|5,132,178,541.12|4,917,148,996.28|

 Legal representative: Li Shaoling Head for financial affairs: Guan Ying Head of the financial department: Liu Quanli
2. Balance Sheet of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|30 September 2019|31 December 2018|
|Current assets:|||
|Monetary capital|3,806,520.59|13,597,659.66|
|Trading financial assets|||
|Financial assets at fair value through|||
|profit or loss|||
|Derivative financial assets|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Notes receivable|||
|Accounts receivable|74,460.00|79,986.00|
|Accounts receivable financing|||
|Prepayments|19,000.00|20,000.00|
|Other receivables|31,789,102.45|227,353.10|
|Including: Interest receivable|||
|Dividends receivable|||
|Inventories|4,824,035.45|4,824,035.45|
|Contractual assets|||
|Assets classified as held for sale|||
|Current portion of non-current assets|||
|Other current assets|2,234,896.21|1,962,371.32|
|Total current assets|42,748,014.70|20,711,405.53|
|Non-current assets:|||
|Investments in debt obligations|||
|Available-for-sale financial assets||20,000,000.00|
|Investments in other debt obligations|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|2,377,420,527.10|2,375,639,964.05|
|Investments in other equity|||
||20,000,000.00||
|instruments|||
|Other non-current financial assets|||
|Investment property|5,551,966.88|5,778,794.33|
|Fixed assets|3,232,789.18|3,260,620.04|
|Construction in progress|||
|Productive living assets|||
|Oil and gas assets|||
|Right-of-use assets|||
|Intangible assets|94,088.04|171,069.18|
|R&D expense|||
|Goodwill|||
|Long-term prepaid expense|110,062.84|180,817.60|
|Deferred income tax assets|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Other non-current assets|||
|Total non-current assets|2,406,409,434.04|2,405,031,265.20|
|Total assets|2,449,157,448.74|2,425,742,670.73|
|Current liabilities:|||
|Short-term borrowings|||
|Trading financial liabilities|||
|Financial liabilities at fair value|||
|through profit or loss|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|||
|Advances from customers|38,896.41|38,896.41|
|Contractual liabilities|||
|Payroll payable|376,482.76|438,195.96|
|Taxes payable|992,416.59|976,458.68|
|Other payables|509,692,210.91|449,947,050.56|
|Including: Interest payable|21,082,795.47|21,082,795.47|
|Dividends payable|3,213,302.88|3,213,302.88|
|Liabilities directly associated with|||
|assets classified as held for sale|||
|Current portion of non-current|||
|liabilities|||
|Other current liabilities|||
|Total current liabilities|511,100,006.67|451,400,601.61|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|||
|Deferred income tax liabilities|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|511,100,006.67|451,400,601.61|
|Owners’ equity:|||
|Share capital|685,790,364.00|685,790,364.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|2,173,387,468.71|2,173,387,468.71|
|Less: Treasury stock|||
|Other comprehensive income|||
|Special reserves|||
|Surplus reserves|109,487,064.39|109,487,064.39|
|Retained earnings|-1,030,607,455.03|-994,322,827.98|
|Total owners’ equity|1,938,057,442.07|1,974,342,069.12|
|Total liabilities and owners’ equity|2,449,157,448.74|2,425,742,670.73|

 3. Consolidated Income Statement for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2019|Q3 2018|
|1. Revenue|1,824,886,529.92|1,899,805,985.97|
|Including: Operating revenue|1,824,886,529.92|1,899,805,985.97|
|Interest income|||
|Premium income|||
|Handling charge and|||
|commission income|||
|2. Costs and expenses|1,764,674,515.46|1,806,906,735.47|
|Including: Cost of sales|1,652,610,736.57|1,703,299,548.14|
|Interest expense|||
|Handling charge and|||
|commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as|||
|policy reserve|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Expenditure on policy|||
|dividends|||
|Reinsurance premium|||
|expense|||
|Taxes and surcharges|5,490,323.70|4,706,132.09|
|Selling expense|50,699,252.02|48,195,311.31|
|Administrative expense|47,487,578.68|52,378,722.27|
|R&D expense|703,632.42|349,299.58|
|Finance costs|7,682,992.07|-2,022,277.92|
|Including: Interest|||
||29,919,400.39|28,498,954.62|
|expense|||
|Interest|||
||22,365,123.69|12,702,511.85|
|income|||
|Add: Other income|1,908,875.68|3,420,131.60|
|Return on investment (“-” for|||
||1,089,429.46|5,574,816.04|
|loss)|||
|Including: Share of profit or|||
|loss of joint ventures and associates|||
|Derecognition income of financial|||
|assets measured at amortized cost|||
|Foreign exchange gain (“-” for|||
|loss)|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||-512,728.81|-36,001,451.60|
|for loss)|||
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
||1,193.30|-203,532.58|
|loss)|||
|Asset disposal income (“-” for|||
||-733,109.31|-1,607,843.98|
|loss)|||
|3. Operating profit (“-” for loss)|61,965,674.78|64,081,369.98|
|Add: Non-operating income|539,843.22|983,957.85|
|Less: Non-operating expense|1,127,254.62|276,289.34|
|4. Profit before tax (“-” for loss)|61,378,263.38|64,789,038.49|
|Less: Income tax expense|15,853,529.76|9,498,223.59|
|5. Net profit (“-” for net loss)|45,524,733.62|55,290,814.90|

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|5.1 By operating continuity|||
|5.1.1 Net profit from continuing|||
||45,524,733.62|55,290,814.90|
|operations (“-” for net loss)|||
|5.1.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5.2 By ownership|||
|5.2.1 Net profit attributable to|||
||33,840,967.80|42,345,394.93|
|owners of the Company as the parent|||
|5.2.2 Net profit attributable to|||
||11,683,765.82|12,945,419.97|
|non-controlling interests|||
|6. Other comprehensive income, net of|||
||190,287.74|264,437.23|
|tax|||
|Attributable to owners of the Company|||
||190,287.74|264,437.23|
|as the parent|||
|6.1 Items that will not be|||
|reclassified to profit or loss|||
|6.1.1 Changes caused by|||
|remeasurements on defined benefit|||
|pension schemes|||
|6.1.2 Other comprehensive|||
|income that will not be reclassified to|||
|profit or loss under the equity method|||
|6.1.3 Changes in the fair value of|||
|investments in other equity instruments|||
|6.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|6.1.5 Other|||
|6.2 Items that will be reclassified to|||
||190,287.74|264,437.23|
|profit or loss|||
|6.2.1 Other comprehensive|||
|income that will be reclassified to profit|||
|or loss under the equity method|||
|6.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|6.2.3 Gain/Loss on changes in the|||
|fair value of available-for-sale financial|||
|assets|||
|6.2.4 Other comprehensive|||
|income arising from the reclassification|||
|of financial assets|||
|6.2.5 Gain/Loss arising from the|||
|reclassification of held-to-maturity|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|investments to available-for-sale financial|||
|assets|||
|6.2.6 Allowance for credit|||
|impairments in investments in other debt|||
|obligations|||
|6.2.7 Reserve for cash flow|||
|hedges|||
|6.2.8 Differences arising from the|190,287.74||
|translation of foreign|||
|||264,437.23|
|currency-denominated financial|||
|statements|||
|6.2.9 Other|||
|Attributable to non-controlling|||
|interests|||
|7. Total comprehensive income|45,715,021.36|55,555,252.13|
|Attributable to owners of the Company|34,031,255.54||
|||42,609,832.16|
|as the parent|||
|Attributable to non-controlling|11,683,765.82||
|||12,945,419.97|
|interests|||
|8. Earnings per share|||
|8.1 Basic earnings per share|0.05|0.06|
|8.2 Diluted earnings per share|0.05|0.06|

 Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before the combinations was RMBXXX, with the amount for the same period of last year being RMBXXX.
Legal representative: Li Shaoling Head for financial affairs: Guan Ying
Head of the financial department: Liu Quanli
4. Income Statement of the Company as the Parent for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2019|Q3 2018|
|1. Operating revenue|0.00|0.00|
|Less: Cost of sales|0.00|75,609.15|
|Taxes and surcharges|33,908.40|32,242.73|
|Selling expense|||
|Administrative expense|10,567,161.77|8,498,118.65|
|R&D expense|||
|Finance costs|4,064,326.05|3,587,578.96|

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Including: Interest expense|4,067,234.62|3,588,242.50|
|Interest income|3,054.57|2,774.94|
|Add: Other income|||
|Return on investment (“-” for|||
|loss)|||
|Including: Share of profit or|||
|loss of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
|for loss)|||
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
||0.00|-580.00|
|loss)|||
|Asset disposal income (“-” for|||
|loss)|||
|2. Operating profit (“-” for loss)|-14,665,396.22|-12,194,129.49|
|Add: Non-operating income|||
|Less: Non-operating expense|||
|3. Profit before tax (“-” for loss)|-14,665,396.22|-12,194,129.49|
|Less: Income tax expense|||
|4. Net profit (“-” for net loss)|-14,665,396.22|-12,194,129.49|
|4.1 Net profit from continuing|||
||-14,665,396.22||
|operations (“-” for net loss)|||
|4.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5. Other comprehensive income, net of|||
|tax|||
|5.1 Items that will not be reclassified|||
|to profit or loss|||
|5.1.1 Changes caused by|||
|remeasurements on defined benefit|||
|pension schemes|||
|5.1.2 Other comprehensive income|||
|that will not be reclassified to profit or|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|loss under the equity method|||
|5.1.3 Changes in the fair value of|||
|investments in other equity instruments|||
|5.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|5.1.5 Other|||
|5.2 Items that will be reclassified to|||
|profit or loss|||
|5.2.1 Other comprehensive income|||
|that will be reclassified to profit or loss|||
|under the equity method|||
|5.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|5.2.3 Gain/Loss on changes in the|||
|fair value of available-for-sale financial|||
|assets|||
|5.2.4 Other comprehensive income|||
|arising from the reclassification of|||
|financial assets|||
|5.2.5 Gain/Loss arising from the|||
|reclassification of held-to-maturity|||
|investments to available-for-sale|||
|financial assets|||
|5.2.6 Allowance for credit|||
|impairments in investments in other|||
|debt obligations|||
|5.2.7 Reserve for cash flow hedges|||
|5.2.8 Differences arising from the|||
|translation of foreign|||
|currency-denominated financial|||
|statements|||
|5.2.9 Other|||
|6. Total comprehensive income|-14,665,396.22|-12,194,129.49|
|7. Earnings per share|||
|7.1 Basic earnings per share|||
|7.2 Diluted earnings per share|||

5. Consolidated Income Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|1. Revenue|5,108,164,255.31|5,539,431,965.38|
|Including: Operating revenue|5,108,164,255.31|5,539,431,965.38|
|Interest income|||
|Premium income|||
|Handling charge and|||
|commission income|||
|2. Operating costs and expenses|5,018,488,742.07|5,367,776,105.45|
|Including: Cost of sales|4,693,289,477.71|5,038,627,672.46|
|Interest expense|||
|Handling charge and|||
|commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as|||
|policy reserve|||
|Expenditure on policy|||
|dividends|||
|Reinsurance premium|||
|expense|||
|Taxes and surcharges|17,090,887.34|19,018,278.45|
|Selling expense|151,930,390.29|139,821,320.67|
|Administrative expense|128,785,807.05|135,753,834.87|
|R&D expense|1,234,698.42|1,072,960.08|
|Finance costs|26,157,481.26|33,482,038.92|
|Including: Interest|||
||52,900,693.46|80,549,317.31|
|expense|||
|Interest|||
||26,485,752.27|28,499,809.74|
|income|||
|Add: Other income|11,779,973.90|8,937,425.37|
|Investment income (“-” for loss)|10,268,731.55|16,487,429.06|
|Including: Share of profit or loss|||
|of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Foreign exchange gain (“-” for|||
|loss)|||
|Net gain on exposure hedges (“-”|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|for loss)|||
|Gain on changes in fair value (“-”|||
||25,645,552.41|-22,110,484.16|
|for loss)|||
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
||-196,502.26|278,887.16|
|loss)|||
|Asset disposal income (“-” for|||
||11,264,409.09|-1,796,072.16|
|loss)|||
|3. Operating profit (“-” for loss)|148,437,677.93|173,453,045.20|
|Add: Non-operating income|2,256,286.81|10,781,378.60|
|Less: Non-operating expense|1,949,673.24|9,896,461.65|
|4. Profit before tax (“-” for loss)|148,744,291.50|174,337,962.15|
|Less: Income tax expense|37,975,305.88|44,488,495.00|
|5. Net profit (“-” for net loss)|110,768,985.62|129,849,467.15|
|5.1 By operating continuity (“-” for net|||
|loss)|||
|5.1.1 Net profit from continuing|||
||110,768,985.62|129,849,467.15|
|operations (“-” for net loss)|||
|5.1.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5.2 By ownership|||
|5.2.1 Net profit attributable to|||
||85,351,872.21|102,264,390.61|
|owners of the Company as the parent|||
|5.2 2. Net profit attributable to|||
||25,417,113.41|27,585,076.54|
|non-controlling interests|||
|6. Other comprehensive income, net of|||
||241,232.26|449,844.98|
|tax|||
|Attributable to owners of the Company|||
||241,232.26|449,844.98|
|as the parent|||
|6.1 Items that will not be|||
|reclassified to profit or loss|||
|6.1.1 Changes in net liabilities or|||
|assets caused by remeasurements on|||
|defined benefit pension schemes|||
|6.1.2 Share of other|||
|comprehensive income of investees that|||
|will not be reclassified to profit or loss|||
|under equity method|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|6.1.3 Changes in the fair value of|||
|investments in other equity instruments|||
|6.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|6.1.5 Other|||
|6.2 Items that may subsequently be|||
||241,232.26|449,844.98|
|reclassified to profit or loss|||
|6.2.1 Share of other|||
|comprehensive income of investees that|||
|will be reclassified to profit or loss under|||
|equity method|||
|6.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|6.2.3 Gain/Loss on changes in fair|||
|value of available-for-sale financial|||
|assets|||
|6.2.4. Other comprehensive|||
|income arising from the reclassification|||
|of financial assets|||
|6.2.5 Gain/Loss arising from|||
|reclassification of held-to-maturity|||
|investments to available-for-sale financial|||
|assets|||
|6.2.6 Allowance for credit|||
|impairments in investments in other debt|||
|obligations|||
|6.2.7 Reserve for cash flow|||
|hedges|||
|6.2.8 Differences arising from|||
|translation of foreign|||
||241,232.26|449,844.98|
|currency-denominated financial|||
|statements|||
|6.2.9 Other|||
|Attributable to non-controlling|||
|interests|||
|7. Total comprehensive income|111,010,217.88|130,299,312.13|
|Attributable to owners of the Company|||
||85,593,104.47|102,714,235.59|
|as the parent|||
|Attributable to non-controlling|||
||25,417,113.41|27,585,076.54|
|interests|||
|8. Earnings per share|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|8.1 Basic earnings per share|0.12|0.15|
|8.2 Diluted earnings per share|0.12|0.15|

 Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before the combinations was RMBXXX, with the amount for the same period of last year being RMBXXX.
Legal representative: Li Shaoling Head for financial affairs: Guan Ying
Head of the financial department: Liu Quanli
6. Income Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Operating revenue|0.00|0.00|
|Less: Cost of sales|0.00|226,827.45|
|Taxes and surcharges|102,985.20|1,046,593.89|
|Selling expense|||
|Administrative expense|24,078,567.37|14,511,777.95|
|R&D expense|||
|Finance costs|11,629,290.32|9,982,985.70|
|Including: Interest expense|11,638,818.11|10,929,291.28|
|Interest income|14,138.40|954,302.98|
|Add: Other income|||
|Investment income (“-” for loss)|||
|Including: Share of profit or|||
|loss of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Net gain on exposure hedges|||
|(“-” for loss)|||
|Gain on changes in fair value|||
|(“-” for loss)|||
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
||-4,344.16|98,668.41|
|loss)|||
|Asset disposal income (“-” for|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|loss)|||
|2. Operating profit (“-” for loss)|-35,815,187.05|-25,669,516.58|
|Add: Non-operating income|||
|Less: Non-operating expense|469,440.00|100.00|
|3. Profit before tax (“-” for loss)|-36,284,627.05|-25,669,616.58|
|Less: Income tax expense|||
|4. Net profit (“-” for net loss)|-36,284,627.05|-25,669,616.58|
|4.1 Net profit from continuing|||
||-36,284,627.05||
|operations (“-” for net loss)|||
|4.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5. Other comprehensive income, net of|||
|tax|||
|5.1 Items that will not be reclassified|||
|to profit or loss|||
|5.1.1 Changes in net liabilities or|||
|assets caused by remeasurements on|||
|defined benefit pension schemes|||
|5.1.2 Share of other|||
|comprehensive income of investees that|||
|will not be reclassified to profit or loss|||
|under equity method|||
|5.1.3 Changes in the fair value of|||
|investments in other debt obligations|||
|5.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|5.1.5 Other|||
|5.2 Items that may subsequently be|||
|reclassified to profit or loss|||
|5.2.1 Share of other|||
|comprehensive income of investees that|||
|will be reclassified to profit or loss|||
|under equity method|||
|5.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|5.2.3 Gain/Loss on changes in fair|||
|value of available-for-sale financial|||
|assets|||
|5.2.4 Other comprehensive income|||
|arising from the reclassification of|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|financial assets|||
|5.2.5 Gain/Loss arising from|||
|reclassification of held-to-maturity|||
|investments to available-for-sale|||
|financial assets|||
|5.2.6 Allowance for credit|||
|impairments in investments in other|||
|debt obligations|||
|5.2.7 Reserve for cash flow hedges|||
|5.2.8 Differences arising from|||
|translation of foreign|||
|currency-denominated financial|||
|statements|||
|5.2.9 Other|||
|6. Total comprehensive income|-36,284,627.05|-25,669,616.58|
|7. Earnings per share|||
|7.1 Basic earnings per share|||
|7.2 Diluted earnings per share|||

7. Consolidated Cash Flow Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities|||
||5,561,175,595.39|6,089,990,408.11|
|and rendering of services|||
|Net increase in customer deposits and|||
|interbank deposits|||
|Net increase in borrowings from|||
|central bank|||
|Net increase in loans from other|||
|financial institutions|||
|Premiums received on original|||
|insurance contracts|||
|Net proceeds from reinsurance|||
|Net increase in deposits and|||
|investments of policy holders|||
|Interest, handling charges and|||
|commissions received|||
|Net increase in interbank loans|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|obtained|||
|Net increase in proceeds from|||
|repurchase transactions|||
|Net proceeds from acting trading of|||
|securities|||
|Tax rebates|8,511,133.41|11,907,624.39|
|Cash generated from other operating|||
||1,018,233,943.12|1,766,762,056.68|
|activities|||
|Subtotal of cash generated from|||
||6,587,920,671.92|7,868,660,089.18|
|operating activities|||
|Payments for commodities and|||
||4,955,576,528.87|5,488,803,432.64|
|services|||
|Net increase in loans and advances to|||
|customers|||
|Net increase in deposits in central|||
|bank and in interbank loans granted|||
|Payments for claims on original|||
|insurance contracts|||
|Net increase in interbank loans|||
|granted|||
|Interest, handling charges and|||
|commissions paid|||
|Policy dividends paid|||
|Cash paid to and for employees|225,542,724.31|215,823,143.63|
|Taxes paid|113,872,002.20|149,429,869.38|
|Cash used in other operating|||
||846,183,684.46|1,595,019,949.04|
|activities|||
|Subtotal of cash used in operating|||
||6,141,174,939.84|7,449,076,394.69|
|activities|||
|Net cash generated from/used in|||
||446,745,732.08|419,583,694.49|
|operating activities|||
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|1,451,236,691.57|1,647,338,090.45|
|Return on investment|24,608,980.29|22,660,696.79|
|Net proceeds from the disposal of|||
|fixed assets, intangible assets and other|69,211.68|624,362.84|
|long-lived assets|||
|Net proceeds from the disposal of|||
|subsidiaries and other business units|||
|Cash generated from other investing|||
|||94,375,000.00|
|activities|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Subtotal of cash generated from|||
||1,475,914,883.54|1,764,998,150.08|
|investing activities|||
|Payments for the acquisition of fixed|||
|assets, intangible assets and other|41,645,608.65|44,298,838.25|
|long-lived assets|||
|Payments for investments|1,921,580,563.05|1,944,330,000.00|
|Net increase in pledged loans granted|||
|Net payments for the acquisition of|||
|||47,954,985.00|
|subsidiaries and other business units|||
|Cash used in other investing|||
||752.21|289,112,694.38|
|activities|||
|Subtotal of cash used in investing|||
||1,963,226,923.91|2,325,696,517.63|
|activities|||
|Net cash generated from/used in|||
||-487,312,040.37|-560,698,367.55|
|investing activities|||
|3. Cash flows from financing activities:|||
|Capital contributions received||126,553,500.00|
|Including: Capital contributions by|||
|non-controlling interests to subsidiaries|||
|Borrowings obtained|1,633,175,871.20|1,705,500,818.73|
|Cash generated from other financing|||
|||4,857,675,313.61|
|activities|||
|Subtotal of cash generated from|||
||1,633,175,871.20|6,689,729,632.34|
|financing activities|||
|Repayments of borrowings|1,929,842,758.45|1,917,644,873.55|
|Payments for interest and dividends|75,821,378.17|98,022,459.14|
|Including: Dividends paid by|||
|subsidiaries to non-controlling interests|||
|Cash used in other financing|||
|||4,891,136,552.93|
|activities|||
|Subtotal of cash used in financing|||
||2,005,664,136.62|6,906,803,885.62|
|activities|||
|Net cash generated from/used in|||
||-372,488,265.42|-217,074,253.28|
|financing activities|||
|4. Effect of foreign exchange rate|||
||3,782,563.49|19,414,338.66|
|changes on cash and cash equivalents|||
|5. Net increase in cash and cash|||
||-409,272,010.22|-338,774,587.68|
|equivalents|||
|Add: Cash and cash equivalents,|||
||867,870,016.78|1,014,438,663.43|
|beginning of the period|||
|6. Cash and cash equivalents, end of the|||
||458,598,006.56|675,664,075.75|
|period|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 8. Cash Flow Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities|||
|and rendering of services|||
|Tax rebates|1,800.00|750.00|
|Cash generated from other operating|||
||33,566,371.69|58,581,113.47|
|activities|||
|Subtotal of cash generated from|||
||33,568,171.69|58,581,863.47|
|operating activities|||
|Payments for commodities and|||
||25,453.09|87,700.45|
|services|||
|Cash paid to and for employees|17,908,969.70|12,261,894.85|
|Taxes paid|105,317.14|5,670,439.48|
|Cash used in other operating|||
||52,051,442.98|57,497,384.43|
|activities|||
|Subtotal of cash used in operating|||
||70,091,182.91|75,517,419.21|
|activities|||
|Net cash generated from/used in|||
||-36,523,011.22|-16,935,555.74|
|operating activities|||
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|||
|Return on investment|||
|Net proceeds from the disposal of|||
|fixed assets, intangible assets and other||-34,427.35|
|long-lived assets|||
|Net proceeds from the disposal of|||
|subsidiaries and other business units|||
|Cash generated from other investing|||
|activities|||
|Subtotal of cash generated from|||
||0.00|-34,427.35|
|investing activities|||
|Payments for the acquisition of fixed|||
|assets, intangible assets and other|187,564.80|214,550.26|
|long-lived assets|||
|Payments for investments|1,780,563.05|39,000,000.00|
|Net payments for the acquisition of|||
|subsidiaries and other business units|||
|Cash used in other investing|||

Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|activities|||
|Subtotal of cash used in investing|||
||1,968,127.85|39,214,550.26|
|activities|||
|Net cash generated from/used in|||
||-1,968,127.85|-39,248,977.61|
|investing activities|||
|3. Cash flows from financing activities:|||
|Capital contributions received|||
|Borrowings obtained|28,700,000.00|75,900,000.00|
|Cash generated from other financing|||
|activities|||
|Subtotal of cash generated from|||
||28,700,000.00|75,900,000.00|
|financing activities|||
|Repayments of borrowings||16,000,000.00|
|Payments for interest and dividends||3,649,220.00|
|Cash used in other financing|||
|activities|||
|Subtotal of cash used in financing|||
||0.00|19,649,220.00|
|activities|||
|Net cash generated from/used in|||
||28,700,000.00|56,250,780.00|
|financing activities|||
|4. Effect of foreign exchange rate|||
|changes on cash and cash equivalents|||
|5. Net increase in cash and cash|||
||-9,791,139.07|66,246.65|
|equivalents|||
|Add: Cash and cash equivalents,|||
||13,597,659.66|15,360,177.32|
|beginning of the period|||
|6. Cash and cash equivalents, end of the|||
||3,806,520.59|15,426,423.97|
|period|||

II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the Execution of any New Standards Governing Financial Instruments, Revenue or Leases from 2019
□ Applicable√ Not applicable
2. Retrospective Restatement of Previous Comparative Data due to the Execution of any New Standards Governing Financial Instruments or Leases from 2019
□ Applicable√ Not applicable
Hainan Jingliang Holdings Co., Ltd. Third Quarter Report 2019 III IndependentAuditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes√ No
These financial statements have not been audited by such an auditor.
Hainan Jingliang Holdings Co., Ltd. 19 October 2019