Shenzhen Tellus Holding Co., Ltd.
First Quarterly Report 2015
April 2015
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Tellus Holding Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Lv Hang, Person in charge of the Company, Yang Jianping, person in charger of accounting works, CFO Fu Bin and Ke Wensheng, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete.
Section II. Main financial data and changes of shareholders I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not
√ Yes□ No
||||||
|-|-|-|-|-|
|||||Changes of this|
|||Same period of last year||period over same|
||Current Period||||
|||||period of last year|
|||Pre-adjustment|Post-adjustment|Post-adjustment|
|Operating income (RMB)|81,285,344.52|117,565,727.89|117,565,727.89|-30.86%|
|Net profit attributable to shareholders of|788,018.17||3,551,141.14||
|||3,311,004.94||-77.81%|
|the listed company(RMB)|||||
|Net profit attributable to shareholders of|||||
|the listed company after deducting|767,054.77|3,304,596.89|3,544,733.09|-78.36%|
|non-recurring gains and losses(RMB)|||||
|Net cash flow arising from operating|29,617,359.36||-14,227,400.17||
|||-14,227,400.17|||
|activities(RMB)|||||
|Basic earnings per share (RMB/Share)|0.0032|0.015|0.0161|-80.12%|
|Diluted earnings per share (RMB/Share)|0.0032|0.015|0.0161|-80.12%|
|Weighted average ROE|0.15%|1.72%|1.93%|-1.78%|
|||||Changes of this|
|||||period-end over|
||At the end of the reporting|At the end of last year|||
|||||same period-end of|
||period||||
|||||last year|
|||Pre-adjustment|Post-adjustment|Post-adjustment|
|Total assets (RMB)|1,423,276,240.52|806,324,777.80|806,324,777.80|76.51%|
|Net assets attributable to shareholder of|826,188,280.97||191,880,262.80||
|||191,880,262.80||330.57%|
|listed company (RMB)|||||

Items of non-recurring gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||period-end||
|||Come to an agreement with Team|
|Gains/losses of debt restructure|17,877.02|III of Wuchuan Jian’an on the|
|||engineering payment|

||||
|-|-|-|
|Other non-operating income and expenditure except for the|||
||10,155.64||
|aforementioned items|||
|Less: Impact on income tax|4,469.26||
|Impact on minority shareholders’ equity (post-tax)|2,600.00||
|Total|20,963.40|--|

Concerning the extraordinary profit (gain)/loss defined byQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable√ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders 1. Total number of common shareholders at the end of this report period and top ten common shareholders In shares
||||||||
|-|-|-|-|-|-|-|
|Total number of common|||||||
|shareholders||13,883|||||
|at the end of report period|||||||
|Top ten common shareholders|||||||
|||||Amount of|Number of share pledged/frozen||
|Shareholder’s|||Amount of shares||||
||Nature of|Proportion of|||||
|||||restricted shares|||
|name|shareholder|shares held|held||State of share|Amount|
|||||held|||
|SHENZHENSDG CO., LTD.|State-ownedcorporation|51.09%|151,870,560|20,587,056|||
|ShenzhenZhiyuan FuhaiJewelry IndustryInvestmentEnterprises(limitedpartnership)|Domesticnon-state-ownedcorporation|23.88%|71,000,000|71,000,000|||
|Bank ofCommunications– Putian EarningsSecuritiesInvestment Fund|Other|0.74%|2,199,661||||

|||||||
|-|-|-|-|-|-|
|National Councilfor SocialSecurityFund-411|Other|0.41%|1,233,496|||
|FISRTSHANGHAISECURITIESLTD.|Foreigncorporation|0.39%|1,144,998|||
|GuoyuanSecuritiesBrokerage (HongKong) Co., Ltd.|Foreigncorporation|0.35%|1,050,582|||
|China ResourcesSZITIC TrustCo., Ltd. –Runjin No.111Assembled FundTrust Plan|Other|0.31%|907,440|||
|Yang Linhua|Domestic natureperson|0.30%|894,500|||
|China ResourcesSZITIC TrustCo., Ltd. –Fuxiang OpenSubscriptionNo.4 Trust|Other|0.26%|765,730|||
|CCB- MorganStanley HuaxinFactor SelectedStrategy StockInvestment Fund|Other|0.25%|731,668|||
|Top ten common shareholders with unrestricted shares held||||||
|||||Type of shares||
|Shareholder’s name||Amount of unrestricted shares held||||
|||||Type|Amount|
|SHENZHEN SDG CO., LTD.||131,283,504||RMB ordinary||
||||||131,283,504|
|||||shares||
|Bank of Communications – PutianEarnings Securities InvestmentFund||2,199,661||||
|||||RMB ordinary||
||||||2,199,661|
|||||shares||
|National Council for Social Security||1,233,496||RMB ordinary|1,233,496|

|||||
|-|-|-|-|
|Fund-411||shares||
|FISRT SHANGHAI SECURITIESLTD.|1,144,998|Domestically||
|||listed foreign|1,144,998|
|||shares||
|Guoyuan Securities Brokerage(Hong Kong) Co., Ltd.|1,050,582|Domestically||
|||listed foreign|1,050,582|
|||shares||
|China Resources SZITIC Trust Co.,Ltd. – Runjin No.111 AssembledFund Trust Plan|907,440|||
|||RMB ordinary||
||||907,440|
|||shares||
|Yang Linhua|894,500|RMB ordinary||
||||894,500|
|||shares||
|China Resources SZITIC Trust Co.,Ltd. – Fuxiang Open SubscriptionNo.4 Trust|765,730|||
|||RMB ordinary||
||||765,730|
|||shares||
|CCB- Morgan Stanley HuaxinFactor Selected Strategy StockInvestment Fund|731,668|||
|||RMB ordinary||
||||731,668|
|||shares||
|Wang Quansheng|612,414|RMB ordinary||
||||612,414|
|||shares||
||Among the top ten shareholders, there exists no associated relationship between the|||
||state-owned legal person’s shareholders Shenzhen SDG Co., Ltd and other shareholders, and|||
|Explanation on associated||||
||they do not belong to the consistent actionist regulated by the Management Measure of|||
|relationship among the aforesaid||||
||Information Disclosure on Change of Shareholding for Listed Companies. For the other|||
|shareholders||||
||shareholders of circulation share, the Company is unknown whether they belong to the|||
||consistent actionist.|||
|Explanation on top ten common|Among the shareholders, Yang Linhua holds 894,500 shares of the Company via guaranteed|||
|shareholders involving margin|security account of the customer credit transactions under the name of China Galaxy|||
|business (if applicable)|Securities Co., Ltd.|||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period.
2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with preferred stock held
□ Applicable√ Not applicable
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons
√ Applicable□Not applicable
Balance sheet
|||||||
|-|-|-|-|-|-|
|Item|Balance atperiod-end|Balance atyear-begin|Change amount|Changesratio|Reasons of changes|
|Monetaryfund|700,316,175.26|80,045,669.65|620,270,505.61|774.90%|Monetary fund incrased due to the fullyfunded of fund raised from targetedplacement|
|Accountreceivable|2,587,464.06|1,373,257.89|1,214,206.17|88.42%|Mainly because cars accounts receivable ofHuari Toyota increased|
|Inventory|20,613,656.84|48,209,026.18|-27,595,369.34|-57.24%|Mobile inventory of subsidiary HuariToyota declined at period-end|
|Other currentassets|19,674.72|8,968,278.77|-8,948,604.05|-99.78%|The VAT input tax of subsidiary HuariToyota decreased in the Period|
|Accountsreceived inadvance|5,715,765.67|9,979,166.89|-4,263,401.22|-42.72%|Sales from subsidiary Huari Toyotaachieved and carry-over to the sales fomobile received in advance|
|Paid-incapital( orshare capital)|297,281,600.00|220,281,600.00|77,000,000.00|34.96%|Issuing new 77 million shares|
|Capitalsurplus|564,192,605.51|7,672,605.51|556,520,000.00|7253.34%|Mainly due to the premium from issuingnew shares|

Profit statement
|||||||
|-|-|-|-|-|-|
|Item|Amount at thisyear|At same period oflast year|Change amount|Changesratio|Reasons of changes|
|Operationincome|81,285,344.52|117,565,727.89|-36,280,383.37|-30.86%|Income from mobile sales sharply reducedmainly deu to the vehicle restrictions policyof ShenZhen at end of last year|
|Operation cost|63,046,997.78|100,618,068.06|-37,571,070.28|-37.34%|Mainly due to the decraese of income|
|Investmentincome|55,390.23|3,997,552.69|-3,942,162.46|-98.61%|Mainly because profit from associatedenterprise –Shenzhen Zung Fu TellusAutomobile Service Co., Ltd. declined inthe Period|
|Income taxexpenses|362,837.40|112,235.77|250,601.63|223.28%|Mainly because taxable income taxexpenses increased in the Period|

II. Analysis and explanation of significant events and their influence and solutions
√ Applicable□Not applicable
In 2014, the Company initiate the private placement works. On 29 January 2015, the application of private placement has been verified by the Issuance Examination Commission of CSRC. More 77 million shares are increased during the placement and liste on Shenzhen Stock Exchange dated 27 March 2015.
||||
|-|-|-|
|||Information index for temporary report|
|Overview|Date for disclosure||
|||disclosure|
|The Company initiate the private placement worksin 2014. On 29 January 2015, the application ofprivate placement has been verified by the IssuanceExamination Commission of CSRC. More 77million shares are increased during the placementand liste on Shenzhen Stock Exchange dated 27March 2015.|||
|||Found more in “Report of Placement and|
|||Summary of Listed Company Statement”|
||2015-03-26|No.: 2015-009, released on Securities|
|||Times, Hong Kong Commercial Daily and|
|||Juchao Website(http://www.cninfo.com.cn)|

III. Commitments from the Company or shareholder with over5% share held in reporting period or continues to reporting period
√ Applicable□Not applicable
|||||||
|-|-|-|-|-|-|
||||||Implementa|
||||Date|Term||
|Item of Commitments|Promisee|Content of commitments||||
||||||tion|
|||Commitments during the work of||||
|||Share Merger Reform of the||||
|||Company: (1) In accordance||||
|||with the Measures for the||||
|||Administration of the Share||||
|||Merger Reform of Listed||||
|||Companies, SDG would abide by||||
|||the various laws, regulations and||||
|||rules, and perform its statutory||||
||SHENZHEN|commitment duty. (2) Apart from||||
|Commitments for|||||Implementi|
||SDG CO.,|the above-mentioned statutory|2005-12-29|Long-term||
|Share Merger Reform||||||
||||||ng|
||LTD.|commitment, SDG also made the||||
|||following special commitment:||||
|||with 36 months since the day the||||
|||reform plan starts to take effect,||||
|||SDG would not list at Shenzhen||||
|||Stock Exchange and sell the||||
|||shares of Tellus it held (except for||||
|||the shares used to promote the||||
|||administration level of Tellus).||||
|||(3) The administration level||||

||||||
|-|-|-|-|-|
||would abide by the laws,||||
||regulations and rules, and||||
||perform its statutory commitment||||
||duty. (4) SDG made the||||
||commitment: “The Promiser||||
||hereby promises that, if the||||
||Promiser failed to fulfill its||||
||commitment or not fully fulfill its||||
||commitment, it would||||
||compensate other shareholders||||
||for their losses suffered||||
||thereafter”. (5) SDG declared:||||
||“The Promiser would dutifully||||
||fulfill its commitments and||||
||shoulder corresponding legal||||
||responsibilities. The Promiser||||
||would transfer the shares held by||||
||it only if the assignee agree and||||
||have the ability to shoulder the||||
||commitment responsibility.”||||
||SDG, the controlling shareholder||||
||of the Company, made a special||||
||commitment of incentive||||
||mechanism in Share Merger||||
||Reform. After that SASAC and||||
||Ministry of Finance jointly issued||||
||a “Trial Approach of Equity||||
||Incentive for State-Owned Listed||||
||Companies”, and CSRC issued||||
||the “Incentive Management on||||
||Shares of Listed Companies||||
|SHENZHEN|||||
|||||Implementi|
||(Trial)”, after comparison, the||||
|SDG CO.,||2014-06-26|2016-6-30||
||above mentioned commitments|||ng|
|LTD.|||||
||made by SDG are out of the||||
||relevant regulations and||||
||requirement, relevant||||
||commitments are not||||
||implemented as a result. On 26||||
||June 2014, the Company actively||||
||communicating with SDG, and||||
||promised that on the premise of||||
||subjecting to applicable laws and||||
||regulations and supervision||||
||requirements, continues to||||

||||
|-|-|-|
|||support the Company promote a|
|||long-term incentive plan as soon|
|||as possible in stead of the|
|||commitments made in share|
|||merger reform, and complete the|
|||long-term incentive plan before|
|||30 June 2016. At that time, the|
|||long-term incentive plan shall be|
|||implemented after submit for|
|||deliberation in General Meeting|
|Commitments in report of|||
|acquisition or equity change|||
|Commitments in assets reorganization|||
|Commitments make in initial public|||
|offering or re-financing|||
|Other commitments to minority|||
|shareholders of the Company|||
|Completed on time or not|Y||
|Specific reasons for uncompleted|||
|commitment and further plan (if|N/A||
|applicable)|||

IV. Forecast of operation performance from Jan.– June of 2015
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities Investment
□ Applicable√ Not applicable
No security investment in Period.
VI. Explanation on equity of other listed company held
□ Applicable√ Not applicable
No equity of other listed company held in Period-end.
VII. Derivative investment
□ Applicable√ Not applicable
No derivative investment in the Period.
VIII. Registration form for receiving research, communication and interview in the report period
□ Applicable√ Not applicable
No
registration form for receiving research, communication or interview in the
Period.
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by ShenZhen Tellus Holding Co.,Ltd.
2015-03-31
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|700,316,175.26|80,045,669.65|
|Settlement provisions|||
|Capital lent|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes receivable|||
||2,587,464.06|1,373,257.89|
|Accounts receivable|||
|Accounts paid in advance|6,537,868.43|6,981,402.87|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|8,620,054.97|7,904,999.44|
|Purchase restituted finance asset|||
|Inventories|20,613,656.84|48,209,026.18|
|Divided into assets held for sale|||
|Non-current asset due within one|||
|year|||
|Other current assets|19,674.72|8,968,278.77|
|Total current assets|738,694,894.28|153,482,634.80|
|Non-current assets:|||

||||
|-|-|-|
|Loans and payments on behalf|||
|Finance asset available for sales|10,478,985.77|10,478,985.77|
|Held-to-maturity investment|100,000.00|100,000.00|
|Long-term account receivable|||
|Long-term equity investment|211,325,656.03|211,270,265.80|
|Investment property|85,622,021.20|85,083,745.72|
|Fixed assets|140,858,294.20|142,849,121.72|
|Construction in progress|155,955,327.00|122,551,469.97|
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|53,622,493.82|53,924,233.96|
|Expense on Research and|||
|Development|||
|Goodwill|||
|Long-term expenses to be|957,403.29|905,871.01|
|apportioned|||
|Deferred income tax asset|25,661,164.93|25,678,449.05|
|Other non-current asset|||
|Total non-current asset|684,581,346.24|652,842,143.00|
|Total assets|1,423,276,240.52|806,324,777.80|
|Current liabilities:|||
|Short-term loans|55,702,909.00|74,719,672.00|
|Loan from central bank|||
|Absorbing deposit and interbank|||
|deposit|||
|Capital borrowed|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable|||
|Accounts payable|21,885,663.28|22,340,922.90|
|Accounts received in advance|5,715,765.67|9,979,166.89|
|Selling financial asset of|||
|repurchase|||
|Commission charge and|||

||||
|-|-|-|
|commission payable|||
|Wage payable|15,206,892.28|17,164,185.03|
|Taxes payable|9,076,315.88|9,055,093.27|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|112,764,796.60|114,533,081.65|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||
|Security sales of agency|||
|Divided into liability held for sale|||
|Non-current liabilities due within 1|119,200,000.00|120,700,000.00|
|year|||
|Other current liabilities|||
|Total current liabilities|339,552,342.71|368,492,121.74|
|Non-current liabilities:|||
|Long-term loans|190,695,765.58|178,597,550.55|
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Long-term account payable|13,657,490.94|13,657,490.94|
|Long-term wages payable|9,857,354.83|9,953,557.75|
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|||
|Deferred income tax liabilities|662,115.67|723,459.18|
|Other non-current liabilities|32,570,237.55|32,570,237.55|
|Total non-current liabilities|247,442,964.57|235,502,295.97|
|Total liabilities|586,995,307.28|603,994,417.71|
|Owner’s equity:|||
|Share capital|297,281,600.00|220,281,600.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||

||||
|-|-|-|
|Capital public reserve|564,192,605.51|7,672,605.51|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus public reserve|2,952,586.32|2,952,586.32|
|Provision of general risk|||
|Retained profit|-38,238,510.86|-39,026,529.03|
|Total owner’s equity attributable to|826,188,280.97|191,880,262.80|
|parent company|||
|Minority interests|10,092,652.27|10,450,097.29|
|Total owner’s equity|836,280,933.24|202,330,360.09|
|Total liabilities and owner’s equity|1,423,276,240.52|806,324,777.80|

 Legal representative: Lv Hang Person in charger of accounting works: Lv Jianping Person in charger of accounting organ: Ke Wensheng
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
||647,812,100.50|26,441,746.73|
|Monetary funds|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes receivable|||
|Accounts receivable|||
|Account paid in advance|68,250.00|106,810.00|
|Interest receivable|||
|Dividends receivable|||
|Other receivables|114,615,652.64|110,350,188.00|
|Inventories|||
|Divided into assets held for sale|||
|Non-current assets maturing within|||
|one year|||
|Other current assets||1,350,000.00|

||||
|-|-|-|
|Total current assets|762,496,003.14|138,248,744.73|
|Non-current assets:|||
|Available-for-sale financial assets|10,176,617.20|10,176,617.20|
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|426,483,721.08|425,961,150.29|
|Investment property|55,126,044.80|54,186,250.01|
|Fixed assets|17,742,125.63|17,961,888.31|
|Construction in progress|251,308.70|251,308.70|
|Project materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil and natural gas assets|||
|Intangible assets|258,810.02|274,939.25|
|Research and development costs|||
|Goodwill|||
|Long-term deferred expenses|309,202.50|346,559.91|
|Deferred income tax assets|13,976,402.89|13,986,138.44|
|Other non-current assets|||
|Total non-current assets|524,324,232.82|523,144,852.11|
|Total assets|1,286,820,235.96|661,393,596.84|
|Current liabilities:|||
|Short-term borrowings|19,544,160.00|19,544,160.00|
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable|||
|Accounts payable|||
|Accounts received in advance|||
|Wage payable|6,566,960.03|6,918,478.90|
|Taxes payable|478,639.17|430,065.27|
|Interest payable|||
|Dividend payable|||

||||
|-|-|-|
|Other accounts payable|266,342,609.61|260,117,846.49|
|Divided into liability held for sale|||
|Non-current liabilities due within 1|||
||119,200,000.00|120,700,000.00|
|year|||
|Other current liabilities|||
|Total current liabilities|412,132,368.81|407,710,550.66|
|Non-current liabilities:|||
|Long-term loans|119,700,000.00|132,300,000.00|
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Long-term account payable|||
|Long-term wages payable|3,296,691.54|3,343,417.98|
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|122,996,691.54|135,643,417.98|
|Total liabilities|535,129,060.35|543,353,968.64|
|Owners’ equity:|||
|Share capita|297,281,600.00|220,281,600.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Capital public reserve|560,999,182.23|4,479,182.23|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus reserve|2,952,586.32|2,952,586.32|
|Retained profit|-109,542,192.94|-109,673,740.35|
|Total owner’s equity|751,691,175.61|118,039,628.20|
|Total liabilities and owner’s equity|1,286,820,235.96|661,393,596.84|

3. Consolidated Profit Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|81,285,344.52|117,565,727.89|
|Including: Operating income|81,285,344.52|117,565,727.89|
|Interest income|||
|Insurance gained|||
|Commission charge and commission|||
|income|||
|II. Total operating cost|80,575,356.86|117,984,143.40|
|Including: Operating cost|63,046,997.78|100,618,068.06|
|Interest expense|||
|Commission charge and commission|||
|expense|||
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Operating tax and extras|1,257,341.86|1,171,720.40|
|Sales expenses|4,779,425.47|4,762,538.72|
|Administration expenses|7,580,211.93|7,482,840.09|
|Financial expenses|3,911,379.82|3,948,976.13|
|Losses of devaluation of asset|||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed|||
||55,390.23|3,997,552.69|
|with “-”)|||
|Including: Investment income on|||
||55,390.23|3,997,552.69|
|affiliated company and joint venture|||
|Exchange income (Loss is listed|||
|with “-”)|||
|III. Operating profit (Loss is listed with|||
||765,377.89|3,579,137.18|
|“-”)|||

||||
|-|-|-|
|Add: Non-operating income|28,048.23|7,308.05|
|Including: Disposal gains of|||
|non-current asset|||
|Less: Non-operating expense|15.57||
|Including: Disposal loss of|||
|non-current asset|||
|IV. Total Profit (Loss is listed with “-”)|793,410.55|3,586,445.23|
|Less: Income tax expense|362,837.40|112,235.77|
|V. Net profit (Net loss is listed with “-”)|430,573.15|3,474,209.46|
|Net profit attributable to owner’s of|||
||788,018.17|3,551,141.14|
|parent company|||
|Minority shareholders’ gains and|||
||-357,445.02|-76,931.68|
|losses|||
|VI. Net after-tax of other comprehensive|||
|||-145,434.40|
|income|||
|Net after-tax of other comprehensive|||
|income attributable to owners of parent||-145,434.40|
|company|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method which|||
|will not be reclassified subsequently to|||
|profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified||-145,434.40|
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method which|||
|will be reclassified subsequently to profit|||
|or loss|||
|2. Gains or losses arising|||
|from changes in fair value of||-145,434.40|
|available-for-sale financial assets|||

||||
|-|-|-|
|3. Gains or losses arising|||
|from reclassification of held-to-maturity|||
|investment as available-for-sale financial|||
|assets|||
|4. The effect hedging portion|||
|of gains or losses arising from cash flow|||
|hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign currency|||
|financial statements|||
|6. Other|||
|Net after-tax of other comprehensive|||
|income attributable to minority|||
|shareholders|||
|VII. Total comprehensive income|430,573.15|3,328,775.06|
|Total comprehensive income|||
||788,018.17|3,405,706.74|
|attributable to owners of parent Company|||
|Total comprehensive income|||
||-357,445.02|-76,931.68|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.0032|0.0161|
|(ii) Diluted earnings per share|0.0032|0.0161|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party
Legal representative: Lv Hang Person in charger of accounting works: Lv Jianping Person in charger of accounting organ: Ke Wensheng
4. Profit Statement of Parent Company
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|7,001,308.74|4,553,340.96|
|Less: Operating cost|926,624.02|905,685.86|
|Operating tax and extras|392,073.27|254,987.10|
|Sales expenses|||
|Administration expenses|3,174,099.92|2,941,482.98|
|Financial expenses|2,889,799.36|2,393,101.67|
|Losses of devaluation of asset|||

||||
|-|-|-|
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is|||
||522,570.79|4,181,622.24|
|listed with “-”)|||
|Including: Investment income|||
||522,570.79|4,181,622.24|
|on affiliated company and joint venture|||
|II. Operating profit (Loss is listed|||
||141,282.96|2,239,705.59|
|with “-”)|||
|Add: Non-operating income|||
|Including: Disposal gains of|||
|non-current asset|||
|Less: Non-operating expense|||
|Including: Disposal loss of|||
|non-current asset|||
|III. Total Profit (Loss is listed with|||
||141,282.96|2,239,705.59|
|“-”)|||
|Less: Income tax expense|9,735.55||
|IV. Net profit (Net loss is listed with|||
||131,547.41|2,239,705.59|
|“-”)|||
|V. Net after-tax of other comprehensive|||
|||-145,434.40|
|income|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified||-145,434.40|
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will be reclassified subsequently|||
|to profit or loss|||

||||
|-|-|-|
|2. Gains or losses arising|||
|from changes in fair value of||-145,434.40|
|available-for-sale financial assets|||
|3. Gains or losses arising|||
|from reclassification of held-to-maturity|||
|investment as available-for-sale|||
|financial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|6. Other|||
|VI. Total comprehensive income|131,547.41|2,094,271.19|
|VII. Earnings per share:|||
|(i) Basic earnings per share|0.0005|0.0102|
|(ii) Diluted earnings per share|0.0005|0.0102|

 5. Consolidated Cash Flow Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|82,736,862.70|122,666,420.06|
|services|||
|Net increase of customer deposit|||
|and interbank deposit|||
|Net increase of loan from central|||
|bank|||
|Net increase of capital borrowed|||
|from other financial institution|||
|Cash received from original|||
|insurance contract fee|||
|Net cash received from reinsurance|||
|business|||
|Net increase of insured savings and|||

||||
|-|-|-|
|investment|||
|Net increase of amount from|||
|disposal financial assets that measured|||
|by fair value and with variation|||
|reckoned into current gains/losses|||
|Cash received from interest,|||
|commission charge and commission|||
|Net increase of capital borrowed|||
|Net increase of returned business|||
|capital|||
|Write-back of tax received|||
|Other cash received concerning|||
||8,090,089.32|10,140,269.87|
|operating activities|||
|Subtotal of cash inflow arising from|||
||90,826,952.02|132,806,689.93|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|30,813,742.32|108,493,453.13|
|service|||
|Net increase of customer loans|||
|and advances|||
|Net increase of deposits in central|||
|bank and interbank|||
|Cash paid for original insurance|||
|contract compensation|||
|Cash paid for interest, commission|||
|charge and commission|||
|Cash paid for bonus of guarantee|||
|slip|||
|Cash paid to/for staff and workers|15,200,586.22|15,009,808.49|
|Taxes paid|3,831,180.11|4,536,615.35|
|Other cash paid concerning|||
||11,364,084.01|18,994,213.13|
|operating activities|||
|Subtotal of cash outflow arising from|||
||61,209,592.66|147,034,090.10|
|operating activities|||
|Net cash flows arising from operating|||
||29,617,359.36|-14,227,400.17|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||

||||
|-|-|-|
|investment|||
|Cash received from investment|||
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term|||
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||
|Other cash received concerning|||
|investing activities|||
|Subtotal of cash inflow from investing|||
|activities|||
|Cash paid for purchasing fixed,|||
||32,216,038.75|41,448,129.86|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net increase of mortgaged loans|||
|Net cash received from|||
|subsidiaries and other units obtained|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||32,216,038.75|41,448,129.86|
|activities|||
|Net cash flows arising from investing|||
||-32,216,038.75|-41,448,129.86|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
||635,500,000.00||
|investment|||
|Including: Cash received from|||
|absorbing minority shareholders’|||
|investment by subsidiaries|||
|Cash received from loans|24,698,215.03|77,000,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
||660,198,215.03|77,000,000.00|
|activities|||
|Cash paid for settling debts|33,100,000.00|21,000,000.00|

||||
|-|-|-|
|Cash paid for dividend and profit|||
||3,952,030.03|2,303,619.02|
|distributing or interest paying|||
|Including: Dividend and profit of|||
|minority shareholder paid by|||
|subsidiaries|||
|Other cash paid concerning|||
||277,000.00||
|financing activities|||
|Subtotal of cash outflow from|||
||37,329,030.03|23,303,619.02|
|financing activities|||
|Net cash flows arising from financing|||
||622,869,185.00|53,696,380.98|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|||
|exchange rate|||
|V. Net increase of cash and cash|||
||620,270,505.61|-1,979,149.05|
|equivalents|||
|Add: Balance of cash and cash|||
||80,045,669.65|69,898,791.56|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||700,316,175.26|67,919,642.51|
|equivalents at the period -end|||

6. Cash Flow Statement of Parent Company
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|5,335,204.77|2,263,910.90|
|services|||
|Write-back of tax received|||
|Other cash received concerning|||
||8,621,975.36|6,079,261.81|
|operating activities|||
|Subtotal of cash inflow arising from|||
||13,957,180.13|8,343,172.71|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|||
|service|||
|Cash paid to/for staff and workers|5,066,273.89|3,787,195.55|

||||
|-|-|-|
|Taxes paid|686,365.45|605,743.38|
|Other cash paid concerning|||
||4,728,429.55|58,563,007.01|
|operating activities|||
|Subtotal of cash outflow arising from|||
||10,481,068.89|62,955,945.94|
|operating activities|||
|Net cash flows arising from operating|||
||3,476,111.24|-54,612,773.23|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term|||
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||
|Other cash received concerning|||
|investing activities|||
|Subtotal of cash inflow from investing|||
|activities|||
|Cash paid for purchasing fixed,|||
||31,680.80|412,224.00|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net cash received from|||
|subsidiaries and other units|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||31,680.80|412,224.00|
|activities|||
|Net cash flows arising from investing|||
||-31,680.80|-412,224.00|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
||635,500,000.00||
|investment|||
|Cash received from loans||45,000,000.00|

||||
|-|-|-|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
||635,500,000.00|45,000,000.00|
|activities|||
|Cash paid for settling debts|14,100,000.00|1,500,000.00|
|Cash paid for dividend and profit|||
||3,197,076.67|1,935,713.89|
|distributing or interest paying|||
|Other cash paid concerning|||
||277,000.00||
|financing activities|||
|Subtotal of cash outflow from|||
||17,574,076.67|3,435,713.89|
|financing activities|||
|Net cash flows arising from financing|||
||617,925,923.33|41,564,286.11|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|||
|exchange rate|||
|V. Net increase of cash and cash|||
||621,370,353.77|-13,460,711.12|
|equivalents|||
|Add: Balance of cash and cash|||
||26,441,746.73|30,209,143.04|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||647,812,100.50|16,748,431.92|
|equivalents at the period -end|||

II. Audit report
Whether the first quarterly report had been audited or not
□ Yes√ No
The 1Q report of the Company was unaudited