Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd. GUANGDONG RIEYS GROUP COMPANY LTD.
Report for the Third Quarter of 2014
October 2014
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd. Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management staff of Guangdong Rieys Group Company Ltd. (hereinafter referred to as “the Company”) warrant that 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 attended the board session for reviewing this report.
Mr. Chen Hongcheng, company principal, Mr. Chen Jincai, chief of the accounting work, and Mr. Zheng Guangde, chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is 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 Third Quarter of 2014 of Guangdong Rieys Group Company Ltd. Section II. Financial Highlights& Change of Shareholders
I. Major accounting data and financial indexes
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
||||||||
|-|-|-|-|-|-|-|
||30 Sept. 2014||31 Dec. 2013||Increase/decrease (%)||
||437,046,630.85||487,217,084.43||-10.30%||
|Total assets (RMB Yuan)|||||||
|Net assets attributable to|366,944,486.96||362,500,175.66||1.23%||
|shareholders of the Company|||||||
|(RMB Yuan)|||||||
|||YoY increase/decrease||||YoY increase/decrease|
||Jul.-Sept. 2014|||Jan.-Sept. 2014|||
|||(%)||||(%)|
||16,481,581.33|-48.09%||73,054,628.68||-45.13%|
|Operating revenues (RMB Yuan)|||||||
|Net profit attributable to|256,283.25|||4,444,311.30|||
|||-76.96%||||-46.43%|
|shareholders of the Company|||||||
|(RMB Yuan)|||||||
|Net profit attributable to|||||||
||256,283.25|-77.23%||4,693,963.65||-45.19%|
|shareholders of the Company after|||||||
|extraordinary gains and losses|||||||
|(RMB Yuan)|||||||
|Net cash flows from operating||||-55,391,895.56|||
||--|--||||-462.35%|
|activities (RMB Yuan)|||||||
||0.000|0.00%||0.010||-66.67%|
|Basic EPS (RMB Yuan/share)|||||||
||0.000|0.00%||0.010||-66.67%|
|Diluted EPS (RMB Yuan/share)|||||||
||0.07%|-0.24%||1.22%||-1.09%|
|Weighted average ROE (%)|||||||

 Items and amounts of extraordinary gains and losses
√Applicable□Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Amount as of Jan.-Sept. 2014|Note|
|Reversal of impairment provisions for the accounts receivable on|373,144.70|Led by the goods payment of bad|
|||debts provision of the prophase|

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|which impairment tests were carried out separately||of withdrawal|
|Non-operating incomes and expenses other than the above|-529,002.62||
|Less: Income tax effects|93,794.43||
|Total|-249,652.35|--|

There was no such situation that 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.
II. Total number of shareholders and shareholdings of the top ten shareholders at the period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the period-end
Unit: share
||||||||
|-|-|-|-|-|-|-|
|Total number of common|||||||
|||12,438|||||
|shareholders at the period-end|||||||
|Shareholdings of the top ten common shareholders|||||||
|||||Number of|Pledged or frozen shares||
|Name of|Nature of|Shareholding|Number of the||||
|||||restricted shares|||
|shareholder|shareholder|percentage (%)|shares held||Status of shares|Number of shares|
|||||held|||
|ShenzhenShenghengchangHuifu IndustrialCo., Ltd.|Domesticnon-state-ownedcorporation|36.99%|117,855,000|117,855,000|||
||||||Pledged|117,855,000|
|Shenzhen RishengChuangyuan AssetManagement Co.,Ltd.|Domesticnon-state-ownedcorporation|10.68%|34,020,000|34,020,000|||
||||||Pledged|34,020,000|
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED|Foreigncorporation|8.01%|25,507,343||||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||||||
|-|-|-|-|-|-|-|
|Shenzhen LianhuaHuiren IndustrialCo., Ltd.|Domesticnon-state-ownedcorporation|3.81%|12,150,000|12,150,000|||
||||||Pledged|12,150,000|
|Su Youhe|Domestic naturalperson|2.21%|7,046,469||||
|China EverbrightSecurities (HK)Limited|Foreigncorporation|2.19%|6,965,110||||
|Shanghai WanguoSecurities (HK)Limited|Foreigncorporation|1.30%|4,155,314||||
|Fan Jiongyang|Domestic naturalperson|0.75%|2,397,320||||
|Wei Guobin(NGAI KWOKPAN)|Foreign naturalperson|0.36%|1,145,816||||
|LUO DONG HUI|Foreign naturalperson|0.35%|1,100,000||||
|Shareholdings of the top ten non-restricted common shareholders|||||||
|||Number of non-restricted common shares held at the|||Type of shares||
|Name of shareholder|||||||
|||period-end|||Type|Number|
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED||25,507,343|||||
||||||Domestically||
|||||||25,507,343|
||||||listed foreign||
||||||shares||
|Su Youhe||7,046,469|||Domestically||
|||||||7,046,469|
||||||listed foreign||
||||||shares||
|China Everbright Securities (HK)Limited||6,965,110|||Domestically||
|||||||6,965,110|
||||||listed foreign||
||||||shares||
|Shanghai Wanguo Securities (HK)Limited||4,155,314|||Domestically|4,155,314|
||||||listed foreign||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
|||||
|-|-|-|-|
|||shares||
|Fan Jiongyang|2,397,320|Domestically||
||||2,397,320|
|||listed foreign||
|||shares||
|Wei Guobin (NGAI KWOK PAN)|1,145,816|Domestically||
||||1,145,816|
|||listed foreign||
|||shares||
|LUO DONG HUI|1,100,000|Domestically||
||||1,100,000|
|||listed foreign||
|||shares||
|Ke Zhongfeng|828,866|Domestically||
||||828,866|
|||listed foreign||
|||shares||
|Han Liang|711,458|Domestically||
||||711,458|
|||listed foreign||
|||shares||
|Wang Yiping|707,213|Domestically||
||||707,213|
|||listed foreign||
|||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|||
|relationship or/and persons acting in||||
||to 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.|||

Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed buy-back in the reporting period?
□ Yes√ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the period-end
□ Applicable√ Inapplicable
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd. Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as reasons for the changes
√ Applicable□ Inapplicable
|||||||||
|-|-|-|-|-|-|-|-|
|Item||30 Sept. 2014/||31 Dec. 2013/||Increase/decr|Explanation|
|||Jan.-Sept. 2014||Jan.-Sept. 2013||ease (%)||
|Monetary funds|938,752.26||56,330,640.22||-98.33||Prepayments increased.|
|Accounts receivable|5,217,417.64||12,308,091.34||-57.61||The commodity house sales and therelevant mortgages decreased.|
|Other receivables|59,068,635.39||25,762,037.12||129.29||Current accounts receivable increased.|
|Prepayments|33,221,892.12||9,847,534.50||237.36||Some construction prepayments didnot come to settlement yet for theinvoices were not yet issued.|
|Taxes and farespayable|22,988,200.38||35,541,585.46||-35.32||The annual income tax was paid.|
|Accounts received inadvance|20,202,691.00||54,245,815.90||-62.76||The house presales decreased.|
|Operating revenues|73,054,628.68||133,142,609.00||-45.13||The commodity house sales wererecognized.|
|Operating costs|47,137,347.90||87,173,885.59||-45.93||Costs were carried over from the saleof commodity houses.|
|Business tax andsurtaxes|5,969,150.51||11,778,586.62||-49.32||The business tax on the sale ofcommodity houses was recognized.|
|Operating expenses|281,195.28||530,720.96||-47.02||We had withdrawn the garmentbusiness and only sold real estate.|
|Financial expenses|1,259,270.25||3,136,914.05||59.86||The principal of the Everbright Bankborrowing was repaid and thecorresponding interest expendituredecreased.|
|Asset impairmentloss|-2,533,399.46||-118,693.64||2,034.40||The bad debts of the last period thatwere offset in the current period wereof a lower amount.|
|Income tax expenses|4,815,295.53||7,573,009.51||-36.42||Profits on the sale of commodityhouses increased.|
|Non-businessexpenses|531,035.62||274,784.95||93.25||The donation expenses increased.|

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd. II. Progress and influence of significant events, as well as the analysis and explanation on solutions
□ Applicable√ Inapplicable
III. Commitments made by the Company or shareholders holding over5% of theCompany’s shares in the reporting period or such commitments carried down into the reporting period□ Applicable√ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2014 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as explanations on the reasons
□Applicable√Inapplicable
V. Securities investment
□Applicable√Inapplicable
The Company did not invest in any securities in the reporting period.
VI. Investments in derivatives
□Applicable√Inapplicable
The Company did not invest in any derivative in the reporting period.
VII. Researches, visits and interviews received in the reporting period
√Applicable□Inapplicable
|||||||
|-|-|-|-|-|-|
||||||Main discussion and|
|Time|Place|Way of reception|Visitor type|Visitor|materials provided by the|
||||||Company|
||||||Inquiring about operating|
|10 Jan. 2014|The Company|||||
|||By phone|Individual|Investor||
||||||situation of the Company|
||||||Inquiring about operating|
|23 Jan. 2014|The Company|By phone|Individual|Investor|situation and proposing the|
||||||advice on B-share reform|

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
|||||||
|-|-|-|-|-|-|
||||||for the Company|
||||||Inquiring about operating|
||||||situation and proposing the|
|12 May 2014|The Company|||||
|||By phone|Individual|Investor||
||||||advice on B-share reform|
||||||for the Company|
||||||Proposing the advice on|
|1 Jul. 2014|The Company|By phone|Individual|Investor|B-share reform for the|
||||||Company|
||||||Inquiring about the issues|
|4 Aug. 2014|The Company|||||
|||By phone|Individual|Investor||
||||||on B-share reform|

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd. Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|30 Sept. 2014|31 Dec. 2013|
|Current Assets:|||
||938,752.26|56,330,640.22|
|Monetary funds|||
|Settlement reserves|||
|Intra-group lendings|||
|Financial assets measured at fair|||
|value and of which changes are|||
|recorded into current gains and losses|||
|Notes receivable|||
||5,217,417.64|12,308,091.34|
|Accounts receivable|||
||33,221,892.12|9,847,534.50|
|Accounts paid in advance|||
|Premiums receivable|||
|Reinsurance premiums receivable|||
|Receivable reinsurance contract|||
|reserves|||
|Interest receivable|||
|Dividend receivable|||
||59,068,635.39|25,762,037.12|
|Other accounts receivable|||
|Financial assets purchased under|||
|agreements to resell|||
||224,575,152.92|264,767,911.02|
|Inventories|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Assets held for sale|||
|Non-current assets due within 1 year|||
|Other current assets|||
||323,021,850.33|369,016,214.20|
|Total current assets|||
|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 property|||
||80,721,832.10|83,747,681.91|
|Fixed assets|||
|Construction in progress|||
||54,526.00|54,526.00|
|Engineering materials|||
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
||26,542,097.91|27,046,989.09|
|Intangible assets|||
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|||
||6,465,124.51|7,110,473.23|
|Deferred income tax assets|||
||241,200.00|241,200.00|
|Other non-current assets|||
||114,024,780.52|118,200,870.23|
|Total of non-current assets|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
||437,046,630.85|487,217,084.43|
|Total assets|||
|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 and of which changes are|||
|recorded into current gains and losses|||
|Notes payable|||
||9,921,025.24|12,910,472.20|
|Accounts payable|||
||20,202,691.00|54,245,815.90|
|Accounts received in advance|||
|Financial assets sold for repurchase|||
|Handling charges and commissions|||
|payable|||
||491,683.66|570,074.38|
|Employee’s compensation payable|||
||22,988,200.38|35,541,585.46|
|Tax payable|||
|Interest payable|||
|Dividend payable|||
||12,206,498.94|17,148,584.83|
|Other accounts payable|||
|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|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|year|||
|Other current liabilities|||
||65,810,099.22|120,416,532.77|
|Total current liabilities|||
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Long-term payables|||
|Specific payables|||
|Estimated liabilities|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
||65,810,099.22|120,416,532.77|
|Total liabilities|||
|Owners’ equity (or shareholders’|||
|equity)|||
||318,600,000.00|318,600,000.00|
|Paid-up capital (or share capital)|||
||52,129,496.58|52,129,496.58|
|Capital reserves|||
|Less: Treasury stock|||
|Specific reserves|||
||86,036,260.20|86,036,260.20|
|Surplus reserves|||
|Provisions for general risks|||
||-89,821,269.82|-94,265,581.12|
|Retained profits|||
|Foreign exchange difference|||
|Total equity attributable to owners of|||
||366,944,486.96|362,500,175.66|
|the Company|||
||4,292,044.67|4,300,376.00|
|Minority interests|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
||371,236,531.63|366,800,551.66|
|Total owners’ (or shareholders’) equity|||
|Total liabilities and owners’ (or|||
||437,046,630.85|487,217,084.43|
|shareholders’) equity|||

Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 2. Balance sheet of the Company
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|30 Sept. 2014|31 Dec. 2013|
|Current Assets:|||
||159,918.41|5,484,282.30|
|Monetary funds|||
|Financial assets measured at fair|||
|value and of which changes are|||
|recorded into current gains and losses|||
|Notes receivable|||
|Accounts receivable|||
|Accounts paid in advance|||
|Interest receivable|||
|Dividend receivable|||
||82,970,348.61|67,379,868.41|
|Other accounts receivable|||
|Inventories|||
|Assets held for sale|||
|Non-current assets due within 1 year|||
|Other current assets|||
||83,130,267.02|72,864,150.71|
|Total current assets|||
|Non-current assets:|||
|Available-for-sale financial assets|||
|Held-to-maturity investments|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Long-term accounts receivable|||
||243,312,509.68|243,312,509.68|
|Long-term equity investment|||
|Investing property|||
||77,712,054.24|80,117,954.04|
|Fixed assets|||
|Construction in progress|||
||54,526.00|54,526.00|
|Engineering materials|||
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
||26,542,097.91|27,046,989.09|
|Intangible assets|||
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|||
||2,503,495.16|2,503,495.16|
|Deferred income tax assets|||
|Other non-current assets|||
||350,124,682.99|353,035,473.97|
|Total of non-current assets|||
||433,254,950.01|425,899,624.68|
|Total assets|||
|Current liabilities:|||
|Short-term borrowings|||
|Financial liabilities measured at fair|||
|value and of which changes are|||
|recorded into current gains and losses|||
|Notes payable|||
||19,442.64|19,442.64|
|Accounts payable|||
|Accounts received in advance|||
||210,087.94|209,326.67|
|Employee’s compensation payable|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
||1,057,872.37|1,888,089.52|
|Tax payable|||
|Interest payable|||
|Dividend payable|||
||213,955,678.64|197,551,742.96|
|Other accounts payable|||
|Liabilities held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
||215,243,081.59|199,668,601.79|
|Total current liabilities|||
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Long-term payables|||
|Specific payables|||
|Estimated liabilities|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
||215,243,081.59|199,668,601.79|
|Total liabilities|||
|Owners’ equity (or shareholders’|||
|equity)|||
||318,600,000.00|318,600,000.00|
|Paid-up capital (or share capital)|||
||52,129,496.58|52,129,496.58|
|Capital reserves|||
|Less: Treasury stock|||
|Specific reserves|||
||86,036,260.20|86,036,260.20|
|Surplus reserves|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Provisions for general risks|||
||-238,753,888.36|-230,534,733.89|
|Retained profits|||
|Foreign exchange difference|||
||218,011,868.42|226,231,022.89|
|Total owners’ (or shareholders’) equity|||
|Total liabilities and owners’ (or|||
||433,254,950.01|425,899,624.68|
|shareholders’) equity|||

Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 3. Consolidated income statement for the reporting period
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jul.-Sept. 2014|Jul.-Sept. 2013|
||16,481,581.33|31,750,566.00|
|I. Total operating revenues|||
||16,481,581.33|31,750,566.00|
|Including: Sales income|||
|Interest income|||
|Premium income|||
|Handling charge and|||
|commission income|||
||15,183,003.25|28,969,625.73|
|II. Total operating cost|||
||10,007,654.51|20,621,986.00|
|Including: Cost of sales|||
|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|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
||1,221,658.17|2,852,300.26|
|Taxes and associate charges|||
||76,258.94|166,414.22|
|Selling and distribution expenses|||
||3,499,454.02|4,881,454.18|
|Administrative expenses|||
||378,236.57|473,972.12|
|Financial expenses|||
||-258.96|-26,501.05|
|Asset impairment loss|||
|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)|||
||1,298,578.08|2,780,940.27|
|III. Business profit (“-” means loss)|||
|Add: non-operating income|||
|||13,768.00|
|Less: non-operating expense|||
|Including: loss from non-current|||
|asset disposal|||
||1,298,578.08|2,767,172.27|
|IV. Total profit (“-” means loss)|||
||1,037,145.55|1,672,416.72|
|Less: Income tax expense|||
||261,432.53|1,094,755.55|
|V. Net profit (“-” means loss)|||
|Including: Net profit achieved by|||
|combined parties before the|||
|combinations|||
|Attributable to owners of the|||
||256,283.25|1,112,272.25|
|Company|||
||5,149.28|-17,516.70|
|Minority shareholders’ income|||
||--|--|
|VI. Earnings per share|||
||0.000|-0.030|
|(I) Basic earnings per share|||
||0.000|-0.030|
|(II) Diluted earnings per share|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Ⅶ. Other comprehensive incomes|||
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|||
|periods as relevant requirements are|||
|met|||
||261,432.53|1,094,755.55|
|Ⅷ. Total comprehensive incomes|||
|Attributable to owners of the|||
||256,283.25|1,112,272.25|
|Company|||
||5,149.28|-17,516.70|
|Attributable to minority shareholders|||

 Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 4. Income statement of the Company for the reporting period
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jul.-Sept. 2014|Jul.-Sept. 2013|
||28,800.00|0.00|
|I. Total sales|||
||1,612.80|0.00|
|Less: cost of sales|||
|Business taxes and surcharges|||
|Distribution expenses|||
||2,048,127.41|2,647,311.65|
|Administrative expenses|||
||396,913.72|489,457.43|
|Financial costs|||
|Impairment loss|||
|Add: gain/(loss) from change in fair|||
|value (“-” means loss)|||
|Gain/(loss) from investment (“-”|||
|means loss)|||
|Including: income form investment|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|on associates and joint ventures|||
||-2,417,853.93|-3,136,769.08|
|II. Business profit (“-” means loss)|||
|Add: non-business income|||
|Less: non-business expense|||
|Including: loss from non-current|||
|asset disposal|||
||-2,417,853.93|-3,136,769.08|
|III. Total profit (“-” means loss)|||
|Less: income tax expense|||
||-2,417,853.93|-3,136,769.08|
|IV. Net profit (“-” means loss)|||
||--|--|
|V. Earnings per share|||
||-0.010|-0.010|
|(I) Basic earnings per share|||
||-0.010|-0.010|
|(II) Diluted earnings per share|||
|VI. Other comprehensive income|||
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|||
|periods as relevant requirements are|||
|met|||
||-2,417,853.93|-3,136,769.08|
|VII. Total comprehensive income|||

 Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 5. Consolidated income statement for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
||73,054,628.68|133,142,609.00|
|I. Total operating revenues|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
||73,054,628.68|133,142,609.00|
|Including: Sales income|||
|Interest income|||
|Premium income|||
|Handling charge and commission|||
|income|||
||63,274,350.56|117,058,364.94|
|II. Total operating cost|||
||47,137,347.90|87,173,885.59|
|Including: Cost of sales|||
|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|||
||5,969,150.51|11,778,586.62|
|Taxes and associate charges|||
||281,195.28|530,720.96|
|Selling and distribution expenses|||
||11,160,786.08|14,556,951.36|
|Administrative expenses|||
||1,259,270.25|3,136,914.05|
|Financial expenses|||
||-2,533,399.46|-118,693.64|
|Asset impairment loss|||
|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)|||
||9,780,278.12|16,084,244.06|
|III. Business profit (“-” means loss)|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
||2,033.00|6,875.00|
|Add: non-operating income|||
||531,035.62|274,784.95|
|Less: non-operating expense|||
|Including: loss from non-current|||
|asset disposal|||
||9,251,275.50|15,816,334.11|
|IV. Total profit (“-” means loss)|||
||4,815,295.53|7,573,009.51|
|Less: Income tax expense|||
||4,435,979.97|8,243,324.60|
|V. Net profit (“-” means loss)|||
|Including: Net profit achieved by|||
|combined parties before the|||
|combinations|||
|Attributable to owners of the|||
||4,444,311.30|8,296,917.27|
|Company|||
||-8,331.33|-53,592.67|
|Minority shareholders’ income|||
||--|--|
|VI. Earnings per share|||
||0.010|0.030|
|(I) Basic earnings per share|||
||0.010|0.030|
|(II) Diluted earnings per share|||
|VII. Other comprehensive incomes|||
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|||
|periods as relevant requirements are|||
|met|||
||4,435,979.97|8,243,324.60|
|VIII. Total comprehensive incomes|||
|Attributable to owners of the|||
||4,444,311.30|8,296,917.27|
|Company|||
||-8,331.33|-53,592.67|
|Attributable to minority shareholders|||

Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde
Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd. 6. Income statement of the Company for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
||28,800.00|0.00|
|I. Total sales|||
||0.00|0.00|
|Less: cost of sales|||
||1,612.80||
|Business taxes and surcharges|||
|Distribution expenses|||
||6,482,993.15|6,995,819.57|
|Administrative expenses|||
||1,232,520.34|3,208,703.49|
|Financial costs|||
|Impairment loss|||
|Add: gain/(loss) from change in fair|||
|value (“-” means loss)|||
|Gain/(loss) from investment (“-”|||
|means loss)|||
|Including: income form investment|||
|on associates and joint ventures|||
||-7,688,326.29|-10,204,523.06|
|II. Business profit (“-” means loss)|||
|Add: non-business income|||
||530,828.18|103,125.23|
|Less: non-business expense|||
|Including: loss from non-current|||
|asset disposal|||
||-8,219,154.47|-10,307,648.29|
|III. Total profit (“-” means loss)|||
|Less: income tax expense|||
||-8,219,154.47|-10,307,648.29|
|IV. Net profit (“-” means loss)|||
||--|--|
|V. Earnings per share|||
||-0.030|-0.030|
|(I) Basic earnings per share|||
||-0.030|-0.030|
|(II) Diluted earnings per share|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|VI. Other comprehensive income|||
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|||
|periods as relevant requirements are|||
|met|||
||-8,219,154.47|-10,307,648.29|
|VII. Total comprehensive income|||

 Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
||47,741,275.00|140,670,012.56|
|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 tradable|||
|financial assets|||
|Cash received from interest, handling|||
|charges and commissions|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Net increase of intra-group|||
|borrowings|||
|Net increase of funds in repurchase|||
|business|||
|||36,687.67|
|Tax refunds received|||
|Other cash received relating to|||
||32,938,463.48|60,335,072.32|
|operating activities|||
|Subtotal of cash inflows from operating|||
||80,679,738.48|201,041,772.55|
|activities|||
||38,509,969.84|49,043,042.41|
|Cash paid for goods and services|||
|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|||
||3,683,792.79|4,505,472.23|
|Cash paid to and for employees|||
||23,212,580.68|25,504,525.85|
|Various taxes paid|||
|Other cash payment relating to|||
||70,665,290.73|106,701,685.83|
|operating activities|||
|Subtotal of cash outflows from|||
||136,071,634.04|185,754,726.32|
|operating activities|||
||-55,391,895.56|15,287,046.23|
|Net cash flows from operating 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|||
|||122,368.00|
|fixed assets, intangible assets and other|||
|long-term assets|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
|||
|-|-|
|Net cash received from disposal of||
|subsidiaries or other business units||
|Other cash received relating to||
|investing activities||
|Subtotal of cash inflows from investing||
||122,368.00|
|activities||
|Cash paid to acquire fixed assets,||
||484,642.71|
|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||
||484,642.71|
|investing activities||
||-362,274.71|
|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||
||3,400,000.00|
|financing activities||
|Subtotal of cash inflows from financing||
||3,400,000.00|
|activities||
||15,099,960.00|
|Repayment of borrowings||
|Cash paid for interest expenses and||
||15,609,456.05|
|distribution of dividends or profit||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Including: dividends or profit paid|||
|by subsidiaries to minority shareholders|||
|Other cash payments relating to|||
|||2,700,000.00|
|financing activities|||
|Sub-total of cash outflows from|||
|||33,409,416.05|
|financing activities|||
|||-30,009,416.05|
|Net cash flows from financing activities|||
|IV. Effect of foreign exchange rate|||
||7.60||
|changes on cash and cash equivalents|||
|V. Net increase in cash and cash|||
||-55,391,887.96|-15,084,644.53|
|equivalents|||
|Add: Opening balance of cash and|||
||56,330,640.22|21,555,492.79|
|cash equivalents|||
|VI. Closing balance of cash and cash|||
||938,752.26|6,470,848.26|
|equivalents|||

Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde 8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by Guangdong Rieys Group Company Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
|commodities and rendering of service|||
|Tax refunds received|||
|Other cash received relating to|||
||79,350,540.74|172,196,146.90|
|operating activities|||
|Subtotal of cash inflows from operating|||
||79,350,540.74|172,196,146.90|
|activities|||
|Cash paid for goods and services|||
||1,275,377.08|1,476,314.65|
|Cash paid to and for employees|||
||852,036.93|1,757,356.58|
|Various taxes paid|||
||82,547,490.62|142,930,291.73|
|Other cash payment relating to|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|operating activities|||
|Subtotal of cash outflows from|||
||84,674,904.63|146,163,962.96|
|operating activities|||
||-5,324,363.89|26,032,183.94|
|Net cash flows from operating 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|||
|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,|||
|||8,500.00|
|intangible assets and other long-term|||
|assets|||
|Cash paid for investment|||
|Net cash paid to acquire subsidiaries|||
|||1.00|
|and other business units|||
|Other cash payments relating to|||
|investing activities|||
|Subtotal of cash outflows from|||
|||8,501.00|
|investing activities|||
|||-8,501.00|
|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|||

Report for the Third Quarter of 2014 of Guangdong Rieys Group Company Ltd.
||||
|-|-|-|
|Other cash received relating to|||
|||3,400,000.00|
|financing activities|||
|Subtotal of cash inflows from financing|||
|||3,400,000.00|
|activities|||
|||15,099,960.00|
|Repayment of borrowings|||
|Cash paid for interest expenses and|||
|||15,609,456.05|
|distribution of dividends or profit|||
|Other cash payments relating to|||
|||2,700,000.00|
|financing activities|||
|Sub-total of cash outflows from|||
|||33,409,416.05|
|financing activities|||
|||-30,009,416.05|
|Net cash flows from financing activities|||
|IV. Effect of foreign exchange rate|||
|changes on cash and cash equivalents|||
|V. Net increase in cash and cash|||
||-5,324,363.89|-3,985,733.11|
|equivalents|||
|Add: Opening balance of cash and|||
||5,484,282.30|7,628,811.81|
|cash equivalents|||
|VI. Closing balance of cash and cash|||
||159,918.41|3,643,078.70|
|equivalents|||

Legal representative: Chen Hongcheng Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zheng Guangde II. Audit report
Is this report audited?
□ Yes√ No
This report is not audited.