Wuxi Little Swan Company Limited Third Quarter Report 2018 WUXI LITTLE SWAN COMPANY LIMITED THIRD QUARTER REPORT 2018
October 2018
Wuxi Little Swan Company Limited Third Quarter Report 2018 Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Wuxi Little Swan Company Limited (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.
Mr. Fang Hongbo, Chairman of the Board of the Company, Mr. Sun Yunan, theCompany’s Chief Financial Officer (CFO), and Mr. Xu Yunwei, theCompany’s 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.
Wuxi Little Swan Company Limited Third Quarter Report 2018 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 2018||31 December 2017||Change (%)||
|Total assets (RMB)|19,562,400,332.39||21,338,421,243.67||-8.32%||
|Equity attributable to the listed company’s|7,788,272,297.02||7,047,090,800.97||||
||||||10.52%||
|shareholders (RMB)|||||||
||Q3 2018|YoY change (%)||Q1-Q3 2018||YoY change (%)|
|Operating revenue (RMB)|5,359,920,386.18|-0.91%||17,416,858,672.22||9.01%|
|Net profit attributable to the listed company’s|445,019,926.40|||1,347,066,972.81|||
|||8.15%||||17.85%|
|shareholders (RMB)|||||||
|Net profit attributable to the listed company’s|||||||
||427,541,808.27|7.08%||1,319,332,870.63||18.42%|
|shareholders before exceptional items (RMB)|||||||
|Net cash generated from/used in operating||||285,503,757.43|||
||--|--||||-58.58%|
|activities (RMB)|||||||
|Basic earnings per share (RMB/share)|0.70|8.15%||2.13||17.85%|
|Diluted earnings per share (RMB/share)|0.70|8.15%||2.13||17.85%|
|Weighted average return on equity (%)|6.15%|-0.24%||18.15%||0.21%|

 Exceptional gains and losses:
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|Q1-Q3 2018|Note|
|Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)|-907,555.01||
|Gain or loss on fair-value changes in trading financial assets and liabilities & investment income|||
|from disposal of trading financial assets and liabilities and available-for-sale financial assets|-7,724,180.68||
|(exclusive of effective portion of hedges that arise in the Company’s ordinary course of business)|||
|Other|44,139,723.61||
|Less: Income tax effects|6,044,625.22||
|Non-controlling interests effects (net of tax)|1,729,260.52||
|Total|27,734,102.18|--|

Wuxi Little Swan Company Limited Third Quarter Report 2018 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 2018 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 shareholders with resumed voting|||||||
|Number of ordinary shareholders|19,612|||||||0||
||||rights (if any)|||||||
|Top 10 shareholders||||||||||
||||||||Shares in pledge|||
|||||Shareholding|Number of|Restricted||||
|Name of shareholder||Nature of shareholder|||||or frozen|||
|||||percentage|shares|shares||||
||||||||Status||Shares|
|MIDEA GROUP CO., LTD.||Domestic non-state-ownedlegal person||37.78%|238,948,117|||||
|TITONI INVESTMENTSDEVELOPMENT LTD.||Foreign legal person||14.89%|94,204,942|||||
|HONGKONG SECURITIESCLEANING CO., LTD||Foreign legal person||5.23%|33,073,348|||||
|GAOLING FUND,L.P.||Foreign legal person||3.74%|23,664,125|||||
|GREENWOODS CHINA ALPHAMASTER FUND||Foreign legal person||2.81%|17,787,068|||||
|FINANCE BUREAU OF WUXI||State-owned legal person||2.20%|13,887,710|||||
|NATIONAL SOCIAL SECURITY FUNDPORTFOLIO 108||Domestic non-state-ownedlegal person||2.07%|13,100,947|||||
|AGRICULTURAL BANK OF CHINA- EFUND CONSUMPTION SECTORSTOCK INVESTMENT FUND||Domestic non-state-ownedlegal person||1.72%|10,876,259|||||
|CENTRAL HUIJIN ASSETMANAGEMENT CO., LTD.||State-owned legal person||1.61%|10,156,300|||||
|BILL & MELINDA GATESFOUNDATION TRUST||Foreign legal person||1.28%|8,070,506|||||

Wuxi Little Swan Company Limited Third Quarter Report 2018
|||||
|-|-|-|-|
|Top 10 unrestricted shareholders||||
||Unrestricted|Shares by type||
|Name of shareholder||||
||shares|Type|Shares|
|MIDEA GROUP CO., LTD.|238,948,117|RMB-denominated ordinary stock|238,948,117|
|TITONI INVESTMENTS DEVELOPMENT LTD.|94,204,942|Domestically listed foreign stock|94,204,942|
|HONGKONG SECURITIES CLEANING CO., LTD|33,073,348|RMB-denominated ordinary stock|33,073,348|
|GAOLING FUND,L.P.|23,664,125|Domestically listed foreign stock|23,664,125|
|GREENWOODS CHINA ALPHA MASTER FUND|17,787,068|Domestically listed foreign stock|17,787,068|
|FINANCE BUREAU OF WUXI|13,887,710|RMB-denominated ordinary stock|13,887,710|
|NATIONAL SOCIAL SECURITY FUND PORTFOLIO 108|13,100,947|RMB-denominated ordinary stock|13,100,947|
|AGRICULTURAL BANK OF CHINA- E FUNDCONSUMPTION SECTOR STOCK INVESTMENT FUND|10,876,259|||
|||RMB-denominated ordinary stock|10,876,259|
|CENTRAL HUIJIN ASSET MANAGEMENT CO., LTD.|10,156,300|RMB-denominated ordinary stock|10,156,300|
|BILL & MELINDA GATES FOUNDATION TRUST|8,070,506|RMB-denominated ordinary stock|8,070,506|
||Midea Group Co., Ltd. and TITONI Investments Development|||
|Related or acting-in-concert parties among shareholders above||||
||Ltd. are parties acting in concert.|||
|Top 10 ordinary shareholders involved in securities margin||||
||N/A|||
|trading (if any)||||

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
Wuxi Little Swan Company Limited Third Quarter Report 2018 Part III Significant Events
I Changes in Key Consolidated Financial Statement Line Items and Explanation of why Unit:RMB’0,000
|||||||
|-|-|-|-|-|-|
||30 September|31 December||Change||
|Item|||Change||Explanation of why|
||2018|2017||(%)||
|Other receivables|23,594.47|10,816.84|12,777.63|118%|Increase in income on structured deposits receivable|
|Inventories|91,160.11|198,076.62|-106,916.51|-54%|Effect of the sales cycle|
|Other non-current assets|4,472.18|2,733.19|1,738.99|64%|Rise in prepayments for equipment in the current period|
|Advances fromcustomers|83,192.59|306,581.58|-223,388.99|-73%|Effect of the sales cycle|
|||||Change||
|Item|Q1~Q3 2018|Q1~Q3 2017|Change||Explanation of why|
|||||(%)||
|Finance costs|-41,157.51|-2,633.59|-38,523.92|-1463%|Rises in interest income from structured deposits andexchange gains due to exchange rate fluctuations|
|Investment income|11,399.05|23,858.99|-12,459.94|-52%|Income on wealth management products decreased assuch investments declined in the current period|
|Gain on changes in fairvalue|-1,209.34|727.90|-1,937.24|-266%|Loss on the fair value of forward forex contracts in thecurrent period due to exchange rate fluctuations|
|Non-operating income|1,219.65|2,399.44|-1,179.79|-49%|Reclassification of other income and asset disposalincome for the current period|
|Non-operating expense|148.77|315.31|-166.54|-53%|Shift from asset disposal loss to asset disposal income forthe current period|
|Other comprehensiveincome, net of tax|-4,129.06|-2,863.72|-1,265.34|-44%|Changes in the fair value of available-for-sale financialassets|
|Net cash generatedfrom/used in operatingactivities|28,550.38|68,922.22|-40,371.84|-59%|Rise in payments for commodities and services|
|Net cash generatedfrom/used in investingactivities|2,815.71|-145,498.58|148,314.29|102%|Disinvestment of wealth management capital|
|Net cash generatedfrom/used in financingactivities|-73,528.80|-53,385.95|-20,142.85|-38%|Rise in cash dividends paid|

Wuxi Little Swan Company Limited Third Quarter Report 2018 II Progress, Influence and Solutions Associated with Significant Events
Midea Group Co., Ltd. (hereinafter referred to as “Midea Group”) intends to merge with Wuxi Little Swan Company Limited (hereinafter referred to as “Little Swan”) via a share swap as the acquirer. To be more specific, Midea Group will issue A-shares to all the Little Swan shareholders who agree to the share swap, other than Midea Group and Titoni Investments Development Ltd. (hereinafter referred to as “Titonni”), in exchange for their Little Swan A- and B-shares. The Little Swan A- and B-shares held by Midea Group and Titoni, not a part of the share swap, will be retired after the share swap.
Upon completion of the merger, Little Swan will be delisted and deregistered, and Midea Group or its wholly-owned subsidiary will inherit and undertake all assets, liabilities, business, personnel, contracts and other rights and obligations of Little Swan. The new A-shares issued by Midea Group in the share swap are expected to be listed on the main board of the Shenzhen Stock Exchange.
The merger constitutes a major asset restructuring for Little Swan, which has been approved at Little Swan and MideaGroup’s board meetings on 23 October 2018. The merger plan and the relevant information have been disclosed on the next day. As per bothparties’ articles of association and other regulations, the merger is still subject to the approval by their general meetings, as well as by the China Securities Regulatory Commission. Given the uncertainties of this merger, investors are reminded to exercise caution when making investment decisions.
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 2018 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in net profit for year 2018, as well as explanation of why:
□ Applicable√ Not applicable
Wuxi Little Swan Company Limited Third Quarter Report 2018 V Securities Investments
□ Applicable√ Not applicable
No such cases in the Reporting Period.
VI Wealth Management Entrustment
Unit:RMB’0,000
||||||
|-|-|-|-|-|
|Type of wealth management|Funding source|Principal|Outstanding amount before maturity|Overdue amount|
|Wealth management product|||||
||Self-funded|248,500|20,000|0|
|purchased from bank|||||
|Wealth management product|||||
||Self-funded|125,000|0|0|
|purchased from entrustment|||||
|Total||373,500|20,000|0|

 Note: the principal disclosed according to the type refers to the highest balance of the wealth management entrustment in a single day in the Reporting Period, that is, the maximum of the total outstanding amount before maturity of the wealth management entrustment in a single day in the Reporting Period; outstanding amount before maturity refers to the total outstanding amount before maturity of the wealth management entrustment at the Period-end.
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
Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:□ Applicable√ Not applicable
VII Investments in Derivative Financial Instruments
Unit:RMB’0,000
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Rela|||||||||||Ending||
|||Relate|||||||||||Actual|
||tions|||||||||Impair||investmen||
|||d-part||Initial|||Begin|Purchased|Sold in||Endin||gain/los|
||hip||Type of|||||||ment||t as % of||
|Counter||y||investme|||ning|in|Reporti||g||s in|
||with||derivativ||Start date|End date||||allowan||the||
|party||transac||nt|||invest|Reporting|ng||invest||Reporti|
||the||e|||||||ce (if||Company’||
|||tion or||amount|||ment|Period|Period||ment||ng|
||Com|||||||||any)||s ending||
|||not|||||||||||Period|
||pany|||||||||||net assets||
|Bank|No|No|Forward|17,676|11|24 May|17,676|19,125|27,157||9,645|1.24%|-772|

Wuxi Little Swan Company Limited Third Quarter Report 2018
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|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||forex||September|2019|||||||
||||contract||2017||||||||
|Futures|||||||||||||
||||Futures||30 January|15 June|||||||
|compan|No|No||0|||0|4,168|4,168|0|0%|81|
||||contract||2018|2018|||||||
|y|||||||||||||
|Total||||17,676|--|--|17,676|23,293|31,325|9,645|1.24%|-691|
|Funding source||||Self-funded|||||||||
|Legal matters involved (if|||||||||||||
|||||N/A|||||||||
|applicable)|||||||||||||
|Disclosure date of board|||||||||||||
|announcement approving||||13 March 2018|||||||||
|derivative investment (if any)|||||||||||||
|Disclosure date of general|||||||||||||
|meeting announcement|||||||||||||
|||||12 April 2018|||||||||
|approving derivative investment|||||||||||||
|(if any)|||||||||||||
|||||The Company has considered and formulated the Management Methods for Forex Trading|||||||||
|||||Business and the Management Methods for Futures Hedging Business to implement full|||||||||
|||||assessment and control on its derivative investments, with highlights as follows:|||||||||
|||||1. About legal risk: The Company's futures and forex trading business are conducted in|||||||||
|||||compliance with laws and regulations, with clearly defined responsibilities and obligations|||||||||
|||||between the Company and agencies.|||||||||
|||||Control measures: The Company has designated relevant departments with the responsibility for|||||||||
|||||enhancing expertise in laws, regulations and market rules, conducting strict examination and|||||||||
|||||verification of contracts, defining responsibility and obligations, and strengthening compliance|||||||||
|||||checks, so as to ensure that the Company's derivatives investment and position operations meet|||||||||
|Analysis of risks and control|||||||||||||
|||||the requirements of the laws and regulations and internal management system of the Company.|||||||||
|measures associated with|||||||||||||
|||||2. About operational risk: Risks caused by imperfect internal processes, staff, systems and|||||||||
|derivative investments held in|||||||||||||
|||||external issues may cause the Company to incur losses during the course of its futures and forex|||||||||
|Reporting Period (including but|||||||||||||
|||||trading business.|||||||||
|not limited to market risk,|||||||||||||
|||||Control measures: The Company has not only developed relevant management systems that|||||||||
|liquidity risk, credit risk,|||||||||||||
|||||clearly define the assignment of responsibility and approval process for futures and forex trading,|||||||||
|operational risk, legal risk, etc.)|||||||||||||
|||||but has also established a well-developed monitoring mechanism, aimed at effectively reducing|||||||||
|||||operational risk by strengthening its risk control over the business, decision-making and trading|||||||||
|||||processes.|||||||||
|||||3. About market Risk: the uncertainty in staple commodity price changes and exchange rate|||||||||
|||||fluctuations in the foreign exchange market has led to greater market risks existing in the futures|||||||||
|||||business and the foreign exchange capital business. At the same time, during the operation of|||||||||
|||||futures, it is unable to raise funds in time to establish and maintain the hedge position, or in terms|||||||||
|||||of the foreign exchange business, the foreign exchange funds used for performance cannot be paid|||||||||
|||||on time, which may lead to any loss from such futures operation and any default risk.|||||||||
|||||Control Measures: the Company will adhere to the principle of prudent and steady operation to|||||||||

Wuxi Little Swan Company Limited Third Quarter Report 2018
|||
|-|-|
||operate its futures business and foreign exchange fund business. For the futures business, the|
||Company will strictly determine the business volume according to the needs of production and|
||operation, apply for the futures trading, and implement the stop-loss mechanism. Besides, the|
||Company will also establish a futures risk measurement system to calculate the amount of margin|
||used, the floating profit and loss, the amount of available margin and the needed amount of|
||margin for establishing the proposed position so as to determine the amount of margin that may be|
||required. For the foreign exchange fund business, the tiered management mechanism will be|
||implemented. If a business unit applies for any fund business, it needs to conduct risk analysis on|
||the conditions or environment that affect the business’s profit and loss, estimate the maximum|
||possible gains and losses, and report the acceptable margin ratio or the total amount. Meanwhile,|
||the Company needs to timely update the operation of the fund business and guarantee the funding|
||arrangement before the due date.|
|Changes in market prices or fair||
|value of derivative investments||
||1. The income from futures contract was RMB0.81 million during the Reporting Period;|
|in Reporting Period (fair value||
||2. The loss from Forex forward contract was RMB7.72 million during the Reporting Period;|
|analysis should include||
||3. Public offer in futures market or forward forex quotations announced by the Bank of China are|
|measurement method and||
||used in the fair value analysis of the derivative investments.|
|related assumptions and||
|parameters)||
|Major changes in accounting||
|policies and specific accounting||
|principles adopted for derivative||
||No significant changes|
|investments in Reporting Period||
|compared to last reporting||
|period||
||In the opinion of the Company’s independent director, the Company has formulated various|
||derivative investment systems including Administrative Measures for Foreign Exchange Fund|
||Business and Administrative Measures for Futures Hedging Business, which can effectively|
|Opinion of independent|control the risk of derivative investment; the Company will regard the futures hedging business as|
|directors on derivative|an effective tool to stabilize any price fluctuation by strengthening the internal control,|
|investments and risk control|implementing effective risk prevention measures and improving the operational management; the|
||Company’s derivative investment business mainly focuses on the export business, which can help|
||the Company lock the exchange rate and avoid any exchange rate fluctuation risk. Since there is|
||no speculative operation and no compliance risk, the Company’s liquidity will not be affected.|

 VIII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc. during Reporting Period
|||||
|-|-|-|-|
|Date of visit|Way of visit|Type of visitor|About|
|24 January 2018 to 2|By one-on-one||Little Swan A: Sheet of Investor Relations Activities from 24 January|
|||Institution||
|February 2018|meeting||2018 to 2 February 2018 (No. 2018-01) on www.cninfo.com.cn|
|15 March 2018 to 22|By one-on-one|Institution|Little Swan A: Sheet of Investor Relations Activities from 15 March|

Wuxi Little Swan Company Limited Third Quarter Report 2018
|||||
|-|-|-|-|
|March 2018|meeting||2018 to 22 March 2018 (No. 2018-02) on www.cninfo.com.cn|
|8 August 2018 to 17|By one-on-one||Little Swan A: Sheet of Investor Relations Activities from 8 August|
|||Institution||
|August 2018|meeting||2018 to 17 August 2018 (No. 2018-03) on www.cninfo.com.cn|

 IX Irregularities in Provision of Guarantees for External Parties
□ Applicable√ Not applicable
No such cases in the Reporting Period.
X 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.
Wuxi Little Swan Company Limited Third Quarter Report 2018 Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Unit: RMB
||||
|-|-|-|
|Item|30 September 2018|31 December 2017|
|Current assets:|||
|Monetary capital|1,163,865,240.32|1,588,264,516.05|
|Settlement reserve|||
|Interbank loans granted|||
|Financial assets at fair value through profit or loss||5,270,238.03|
|Derivative financial assets|||
|Notes and accounts receivable|2,710,407,604.36|3,019,917,180.38|
|Including: Notes receivable|395,641,656.25|1,283,192,684.28|
|Accounts receivable|2,314,765,948.11|1,736,724,496.10|
|Prepayments|95,567,736.21|84,346,792.38|
|Premiums receivable|||
|Reinsurance receivables|||
|Receivable reinsurance contract reserve|||
|Other receivables|235,944,692.26|108,168,362.07|
|Financial assets purchased under resale agreements|||
|Inventories|911,601,051.34|1,980,766,196.14|
|Assets classified as held for sale|||
|Current portion of non-current assets|||
|Other current assets|12,608,060,657.21|12,778,240,745.22|
|Total current assets|17,725,446,981.70|19,564,974,030.27|
|Non-current assets:|||
|Loans and advances to customers|||
|Available-for-sale financial assets|200,000.00|200,000.00|
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|||

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|Investment property|58,806,744.00|61,695,825.00|
|Fixed assets|1,078,246,771.48|1,029,668,355.84|
|Construction in progress|40,331,385.08|37,972,252.60|
|Productive living assets|||
|Oil and gas assets|||
|Intangible assets|183,249,989.66|187,045,347.27|
|R&D expense|||
|Goodwill|||
|Long-term prepaid expense|25,664,611.43|22,382,020.52|
|Deferred income tax assets|405,732,083.43|407,151,474.64|
|Other non-current assets|44,721,765.61|27,331,937.53|
|Total non-current assets|1,836,953,350.69|1,773,447,213.40|
|Total assets|19,562,400,332.39|21,338,421,243.67|
|Current liabilities:|||
|Short-term borrowings||81,393,672.34|
|Borrowings from central bank|||
|Customer deposits and interbank deposits|||
|Interbank loans obtained|||
|Financial liabilities at fair value through profit or loss|6,823,112.65||
|Derivative financial liabilities|||
|Notes and accounts payable|6,147,327,483.37|6,632,830,300.51|
|Advances from customers|831,925,860.40|3,065,815,801.93|
|Financial assets sold under repurchase agreements|||
|Handling charges and commissions payable|||
|Payroll payable|325,999,773.55|349,483,844.76|
|Taxes payable|469,500,143.68|638,017,523.31|
|Other payables|181,522,157.17|228,117,647.54|
|Reinsurance payables|||
|Insurance contract reserve|||
|Payables for acting trading of securities|||
|Payables for underwriting of securities|||
|Liabilities directly associated with assets classified as held for sale|||
|Current portion of non-current liabilities|||
|Other current liabilities|2,473,489,467.29|2,107,700,604.61|

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|Total current liabilities|10,436,587,998.11|13,103,359,395.00|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Long-term payables|||
|Long-term payroll payable|7,427,582.25|12,021,620.17|
|Provisions|1,867,338.50|2,253,082.25|
|Deferred income|5,775,149.85|2,489,133.21|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|15,070,070.60|16,763,835.63|
|Total liabilities|10,451,658,068.71|13,120,123,230.63|
|Owners’ equity:|||
|Share capital|632,487,764.00|632,487,764.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|1,314,361,857.47|1,252,947,546.80|
|Less: Treasury stock|||
|Other comprehensive income|5,684,343.46|40,496,366.85|
|Specific reserve|||
|Surplus reserves|332,594,722.29|332,594,722.29|
|General reserve|||
|Retained earnings|5,503,143,609.80|4,788,564,401.03|
|Total equity attributable to owners of the Company as the parent|7,788,272,297.02|7,047,090,800.97|
|Non-controlling interests|1,322,469,966.66|1,171,207,212.07|
|Total owners’ equity|9,110,742,263.68|8,218,298,013.04|
|Total liabilities and owners’ equity|19,562,400,332.39|21,338,421,243.67|

Wuxi Little Swan Company Limited Third Quarter Report 2018 2. Balance Sheet of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|30 September 2018|31 December 2017|
|Current assets:|||
|Monetary capital|601,410,400.85|1,030,061,384.78|
|Financial assets at fair value through profit or loss||3,724,810.47|
|Derivative financial assets|||
|Notes and accounts receivable|2,305,318,670.12|3,743,536,948.22|
|Including: Notes receivable|241,982,051.18|938,342,347.95|
|Accounts receivable|2,063,336,618.94|2,805,194,600.27|
|Prepayments|69,369,953.05|67,278,861.92|
|Other receivables|166,722,832.53|61,886,256.59|
|Inventories|544,323,042.80|1,206,334,183.68|
|Assets classified as held for sale|||
|Current portion of non-current assets|||
|Other current assets|8,122,124,546.48|7,259,605,039.27|
|Total current assets|11,809,269,445.83|13,372,427,484.93|
|Non-current assets:|||
|Available-for-sale financial assets|150,000.00|150,000.00|
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|958,235,041.57|958,235,041.57|
|Investment property|7,614,281.90|7,882,440.32|
|Fixed assets|569,562,664.31|532,803,209.18|
|Construction in progress|40,331,385.08|37,321,733.68|
|Productive living assets|||
|Oil and gas assets|||
|Intangible assets|87,883,142.11|89,900,867.32|
|R&D expense|||
|Goodwill|||
|Long-term prepaid expense|8,627,140.00|5,905,684.35|
|Deferred income tax assets|246,151,357.55|225,186,332.58|
|Other non-current assets|26,300,896.99|17,138,349.61|
|Total non-current assets|1,944,855,909.51|1,874,523,658.61|

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|Total assets|13,754,125,355.34|15,246,951,143.54|
|Current liabilities:|||
|Short-term borrowings||16,806,882.34|
|Financial liabilities at fair value through profit or loss|3,532,061.36||
|Derivative financial liabilities|||
|Notes and accounts payable|5,748,002,361.60|6,073,907,942.42|
|Advances from customers|503,582,080.26|1,862,974,982.38|
|Payroll payable|245,759,989.00|268,065,495.23|
|Taxes payable|281,748,898.97|353,920,883.93|
|Other payables|121,346,058.02|153,979,505.69|
|Liabilities directly associated with assets classified as held for sale|||
|Current portion of non-current liabilities|||
|Other current liabilities|1,456,621,775.82|1,336,384,942.60|
|Total current liabilities|8,360,593,225.03|10,066,040,634.59|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|8,360,593,225.03|10,066,040,634.59|
|Owners’ equity:|||
|Share capital|632,487,764.00|632,487,764.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|1,459,654,395.50|1,405,575,239.68|
|Less: Treasury stock|||

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|Other comprehensive income|7,891,726.00|27,970,054.39|
|Specific reserve|||
|Surplus reserves|319,944,578.39|319,944,578.39|
|Retained earnings|2,973,553,666.42|2,794,932,872.49|
|Total owners’ equity|5,393,532,130.31|5,180,910,508.95|
|Total liabilities and owners’ equity|13,754,125,355.34|15,246,951,143.54|

 3. Consolidated Income Statement for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2018|Q3 2017|
|1. Revenue|5,359,920,386.18|5,409,053,680.82|
|Including: Operating revenue|5,359,920,386.18|5,409,053,680.82|
|Interest income|||
|Premium income|||
|Handling charge and commission income|||
|2. Operating costs and expenses|4,849,290,788.28|4,915,302,618.03|
|Including: Cost of sales|4,005,492,977.88|4,025,713,025.98|
|Interest expense|||
|Handling charge and commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as insurance contract reserve|||
|Expenditure on policy dividends|||
|Reinsurance premium expense|||
|Taxes and surcharges|29,137,926.12|33,914,345.16|
|Selling expense|751,526,153.22|702,045,545.50|
|Administrative expense|36,540,329.54|29,863,462.55|
|R&D expense|183,934,738.45|122,013,987.36|
|Finance costs|-180,222,942.95|-2,812,709.83|
|Including: Interest expense|20,620,659.47|20,940,427.54|
|Interest income|-151,137,099.25|-50,625,125.14|
|Asset impairment loss|22,881,606.02|4,564,961.31|
|Add: Other income|20,679,764.88|6,835,783.31|
|Investment income (“-” for loss)|37,087,710.06|56,923,988.62|

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|Including: Share of profit or loss of joint ventures and associates|||
|Gain on changes in fair value (“-” for loss)|-2,022,499.18|2,361,168.20|
|Foreign exchange gain (“-” for loss)|||
|Asset disposal income (“-” for loss)|-1,542,010.91||
|3. Operating profit (“-” for loss)|564,832,562.75|559,872,002.92|
|Add: Non-operating income|4,830,086.83|8,370,654.72|
|Less: Non-operating expense|696,994.00|73,435.06|
|4. Profit before tax (“-” for loss)|568,965,655.58|568,169,222.58|
|Less: Income tax expense|70,205,908.60|87,620,162.08|
|5. Net profit (“-” for net loss)|498,759,746.98|480,549,060.50|
|5.1 Net profit from continuing operations (“-” for net loss)|498,759,746.98|480,549,060.50|
|5.2 Net profit from discontinued operations (“-” for net loss)|||
|Net profit attributable to owners of the Company as the parent|445,019,926.40|411,479,306.87|
|Net profit attributable to non-controlling interests|53,739,820.58|69,069,753.63|
|6. Other comprehensive income, net of tax|-28,816,666.40|3,779,053.96|
|Attributable to owners of the Company as the parent|-22,859,924.64|8,467,880.09|
|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|||
|6.2 Items that may subsequently be reclassified to profit or loss|-22,859,924.64|8,467,880.09|
|6.2.1 Share of other comprehensive income of investees that will be|||
|reclassified to profit or loss under equity method|||
|6.2.2 Gain/Loss on changes in fair value of available-for-sale|||
||-22,865,710.30|8,472,611.20|
|financial assets|||
|6.2.3 Gain/Loss arising from reclassification of held-to-maturity|||
|investments to available-for-sale financial assets|||
|6.2.4 Effective gain/loss on cash flow hedges|||
|6.2.5 Differences arising from translation of foreign|||
||5,785.66|-4,731.11|
|currency-denominated financial statements|||
|6.2.6 Other|||
|Attributable to non-controlling interests|-5,956,741.76|-4,688,826.13|
|7. Total comprehensive income|469,943,080.58|484,328,114.46|
|Attributable to owners of the Company as the parent|422,160,001.76|419,947,186.96|
|Attributable to non-controlling interests|47,783,078.82|64,380,927.50|
|8. Earnings per share|||

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|8.1 Basic earnings per share|0.70|0.65|
|8.2 Diluted earnings per share|0.70|0.65|

 4. Income Statement of the Company as the Parent for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2018|Q3 2017|
|1. Operating revenue|3,738,328,973.70|4,137,270,472.44|
|Less: Cost of sales|2,883,934,194.90|3,238,940,527.27|
|Taxes and surcharges|18,731,071.73|21,653,606.79|
|Selling expense|478,245,271.45|492,184,783.36|
|Administrative expense|26,303,259.55|20,615,625.60|
|R&D expense|143,703,854.15|93,902,641.09|
|Finance costs|-116,415,244.63|-343,883.61|
|Including: Interest expense|10,007,267.82|14,509,528.69|
|Interest income|-94,946,975.02|-29,399,183.67|
|Asset impairment loss|13,020,356.31|3,457,037.13|
|Add: Other income|12,278,235.20||
|Investment income (“-” for loss)|12,077,836.78|16,012,684.13|
|Including: Share of profit or loss of joint ventures and associates|||
|Gain on changes in fair value (“-” for loss)|-1,244,758.38|2,204,741.62|
|Asset disposal income (“-” for loss)|-976,922.91||
|2. Operating profit (“-” for loss)|312,940,600.93|285,077,560.56|
|Add: Non-operating income|3,976,028.28|4,425,956.50|
|Less: Non-operating expense|825,042.84||
|3. Profit before tax (“-” for loss)|316,091,586.37|289,503,517.06|
|Less: Income tax expense|24,318,773.26|45,420,985.67|
|4. Net profit (“-” for net loss)|291,772,813.11|244,082,531.39|
|4.1 Net profit from continuing operations (“-” for net loss)|291,772,813.11|244,082,531.39|
|4.2 Net profit from discontinued operations (“-” for net loss)|||
|5. Other comprehensive income, net of tax|-9,311,342.47|18,981,275.77|
|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|||

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|5.2 Items that may subsequently be reclassified to profit or loss|-9,311,342.47|18,981,275.77|
|5.2.1 Share of other comprehensive income of investees that will be|||
|reclassified to profit or loss under equity method|||
|5.2.2 Gain/Loss on changes in fair value of available-for-sale financial|||
||-9,311,342.47|18,981,275.77|
|assets|||
|5.2.3 Gain/Loss arising from reclassification of held-to-maturity|||
|investments to available-for-sale financial assets|||
|5.2.4 Effective gain/loss on cash flow hedges|||
|5.2.5 Differences arising from translation of foreign|||
|currency-denominated financial statements|||
|5.2.6 Other|||
|6. Total comprehensive income|282,461,470.64|263,063,807.16|
|7. Earnings per share|||
|7.1 Basic earnings per share|0.70|0.65|
|7.2 Diluted earnings per share|0.70|0.65|

 5. Consolidated Income Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2018|Q1~Q3 2017|
|1. Revenue|17,416,858,672.22|15,977,114,535.05|
|Including: Operating revenue|17,416,858,672.22|15,977,114,535.05|
|Interest income|||
|Premium income|||
|Handling charge and commission income|||
|2. Operating costs and expenses|15,779,367,508.20|14,717,291,930.91|
|Including: Cost of sales|12,855,294,810.89|11,887,084,837.76|
|Interest expense|||
|Handling charge and commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as insurance contract reserve|||
|Expenditure on policy dividends|||
|Reinsurance premium expense|||
|Taxes and surcharges|95,955,629.23|98,446,618.90|
|Selling expense|2,521,232,812.16|2,235,935,416.90|
|Administrative expense|148,230,609.99|127,164,979.65|

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|R&D expense|523,407,513.68|352,875,575.67|
|Finance costs|-411,575,061.93|-26,335,907.67|
|Including: Interest expense|51,973,885.75|26,838,380.55|
|Interest income|-397,480,076.04|-114,465,903.30|
|Asset impairment loss|46,821,194.18|42,120,409.70|
|Add: Other income|48,651,416.88|22,642,337.07|
|Investment income (“-” for loss)|113,990,451.60|238,589,870.73|
|Including: Share of profit or loss of joint ventures and associates|||
|Gain on changes in fair value (“-” for loss)|-12,093,350.68|7,279,041.33|
|Foreign exchange gain (“-” for loss)|||
|Asset disposal income (“-” for loss)|-907,555.01||
|3. Operating profit (“-” for loss)|1,787,132,126.81|1,528,333,853.27|
|Add: Non-operating income|12,196,548.70|23,994,408.02|
|Less: Non-operating expense|1,487,734.84|3,153,092.92|
|4. Profit before tax (“-” for loss)|1,797,840,940.67|1,549,175,168.37|
|Less: Income tax expense|295,616,684.08|235,865,857.86|
|5. Net profit (“-” for net loss)|1,502,224,256.59|1,313,309,310.51|
|5.1 Net profit from continuing operations (“-” for net loss)|295,616,684.08|235,865,857.86|
|5.2 Net profit from discontinued operations (“-” for net loss)|1,502,224,256.59|1,313,309,310.51|
|Net profit attributable to owners of the Company as the parent|1,347,066,972.81|1,143,019,809.34|
|Net profit attributable to non-controlling interests|155,157,283.78|170,289,501.17|
|6. Other comprehensive income, net of tax|-41,290,604.99|-28,637,223.77|
|Attributable to owners of the Company as the parent|-34,812,023.36|-18,953,155.82|
|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|||
|6.2 Items that may subsequently be reclassified to profit or loss|-34,812,023.36|-18,953,155.82|
|6.2.1 Share of other comprehensive income of investees that will be|||
|reclassified to profit or loss under equity method|||
|6.2.2 Gain/Loss on changes in fair value of available-for-sale|||
||-34,820,125.30|-18,941,998.21|
|financial assets|||
|6.2.3 Gain/Loss arising from reclassification of held-to-maturity|||
|investments to available-for-sale financial assets|||
|6.2.4 Effective gain/loss on cash flow hedges|||

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|6.2.5 Differences arising from translation of foreign|||
||8,101.94|-11,157.61|
|currency-denominated financial statements|||
|6.2.6 Other|||
|Attributable to non-controlling interests|-6,478,581.63|-9,684,067.95|
|7. Total comprehensive income|1,460,933,651.60|1,284,672,086.74|
|Attributable to owners of the Company as the parent|1,312,254,949.45|1,124,066,653.52|
|Attributable to non-controlling interests|148,678,702.15|160,605,433.22|
|8. Earnings per share|||
|8.1 Basic earnings per share|2.13|1.81|
|8.2 Diluted earnings per share|2.13|1.81|

 6. Income Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2018|Q1~Q3 2017|
|1. Operating revenue|12,193,529,742.41|11,896,493,564.73|
|Less: Cost of sales|9,302,193,376.22|9,234,940,559.84|
|Taxes and surcharges|59,812,891.13|66,089,061.73|
|Selling expense|1,679,547,962.57|1,510,957,356.69|
|Administrative expense|118,321,990.55|91,198,512.38|
|R&D expense|415,321,273.68|293,455,274.62|
|Finance costs|-256,571,814.47|-28,382,799.86|
|Including: Interest expense|24,198,321.79|18,618,267.89|
|Interest income|-242,395,256.35|-76,262,118.24|
|Asset impairment loss|17,327,265.54|18,602,355.25|
|Add: Other income|15,106,377.54||
|Investment income (“-” for loss)|59,934,823.87|109,372,200.95|
|Including: Share of profit or loss of joint ventures and associates|||
|Gain on changes in fair value (“-” for loss)|-7,256,871.83|6,482,343.61|
|Asset disposal income (“-” for loss)|-1,400,600.16||
|2. Operating profit (“-” for loss)|923,960,526.61|825,487,788.64|
|Add: Non-operating income|10,028,342.36|12,887,071.45|
|Less: Non-operating expense|1,487,734.84|1,598,940.52|
|3. Profit before tax (“-” for loss)|932,501,134.13|836,775,919.57|
|Less: Income tax expense|121,537,080.01|131,027,695.66|

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|4. Net profit (“-” for net loss)|810,964,054.12|705,748,223.91|
|4.1 Net profit from continuing operations (“-” for net loss)|810,964,054.12|705,748,223.91|
|4.2 Net profit from discontinued operations (“-” for net loss)|||
|5. Other comprehensive income, net of tax|-20,078,328.39|3,618,137.72|
|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|||
|5.2 Items that may subsequently be reclassified to profit or loss|-20,078,328.39|3,618,137.72|
|5.2.1 Share of other comprehensive income of investees that will be|||
|reclassified to profit or loss under equity method|||
|5.2.2 Gain/Loss on changes in fair value of available-for-sale financial|||
||-20,078,328.39|3,618,137.72|
|assets|||
|5.2.3 Gain/Loss arising from reclassification of held-to-maturity|||
|investments to available-for-sale financial assets|||
|5.2.4 Effective gain/loss on cash flow hedges|||
|5.2.5 Differences arising from translation of foreign|||
|currency-denominated financial statements|||
|5.2.6 Other|||
|6. Total comprehensive income|790,885,725.73|709,366,361.63|
|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 2018|Q1~Q3 2017|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities and rendering of services|13,119,826,375.57|11,502,461,367.12|
|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|||
|Net increase in proceeds from disposal of financial assets at fair value|||

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|through profit or loss|||
|Interest, handling charges and commissions received|||
|Net increase in interbank loans obtained|||
|Net increase in proceeds from repurchase transactions|||
|Tax rebates|29,970,565.12|60,061,335.71|
|Cash generated from other operating activities|113,957,228.91|86,857,031.47|
|Subtotal of cash generated from operating activities|13,263,754,169.60|11,649,379,734.30|
|Payments for commodities and services|10,623,045,879.77|7,437,740,147.06|
|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|||
|Interest, handling charges and commissions paid|||
|Policy dividends paid|||
|Cash paid to and for employees|1,125,920,458.93|918,519,618.20|
|Taxes paid|801,559,780.76|634,889,870.55|
|Cash used in other operating activities|427,724,292.71|1,969,007,881.07|
|Subtotal of cash used in operating activities|12,978,250,412.17|10,960,157,516.88|
|Net cash generated from/used in operating activities|285,503,757.43|689,222,217.42|
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|12,085,000,000.00|6,895,000,000.00|
|Investment income|113,990,451.60|238,758,884.14|
|Net proceeds from disposal of fixed assets, intangible assets and other|||
||4,226,057.10|840,384.69|
|long-lived assets|||
|Net proceeds from disposal of subsidiaries or other business units||2,415,000.00|
|Cash generated from other investing activities|218,207,652.98|57,042,308.02|
|Subtotal of cash generated from investing activities|12,421,424,161.68|7,194,056,576.85|
|Payments for acquisition of fixed assets, intangible assets and other|||
||243,267,106.03|104,042,380.39|
|long-lived assets|||
|Payments for investments|12,150,000,000.00|8,545,000,000.00|
|Net increase in pledged loans granted|||
|Net payments for acquisition of subsidiaries and other business units|||
|Cash used in other investing activities|||
|Subtotal of cash used in investing activities|12,393,267,106.03|8,649,042,380.39|
|Net cash generated from/used in investing activities|28,157,055.65|-1,454,985,803.54|
|3. Cash flows from financing activities:|||

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|Capital contributions received|||
|Including: Capital contributions by non-controlling interests to|||
|subsidiaries|||
|Increase in borrowings obtained||429,950,000.00|
|Net proceeds from issuance of bonds|||
|Cash generated from other financing activities|||
|Subtotal of cash generated from financing activities||429,950,000.00|
|Repayment of borrowings|81,393,672.34|464,293,064.12|
|Payments for interest and dividends|653,894,346.91|499,516,450.57|
|Including: Dividends paid by subsidiaries to non-controlling interests|||
|Cash used in other financing activities|||
|Subtotal of cash used in financing activities|735,288,019.25|963,809,514.69|
|Net cash generated from/used in financing activities|-735,288,019.25|-533,859,514.69|
|4. Effect of foreign exchange rate changes on cash and cash equivalents|283,110.30||
|5. Net increase in cash and cash equivalents|-421,344,095.87|-1,299,623,100.81|
|Add: Cash and cash equivalents, beginning of the period|1,417,489,071.71|4,171,689,917.21|
|6. Cash and cash equivalents, end of the period|996,144,975.84|2,872,066,816.40|

 8. Cash Flow Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2018|Q1~Q3 2017|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities and rendering of services|9,982,234,962.36|9,850,148,284.12|
|Tax rebates|||
|Cash generated from other operating activities|39,199,702.69|38,736,675.26|
|Subtotal of cash generated from operating activities|10,021,434,665.05|9,888,884,959.38|
|Payments for commodities and services|7,293,496,640.59|6,852,988,102.23|
|Cash paid to and for employees|790,707,722.05|645,646,594.51|
|Taxes paid|412,788,269.97|370,064,700.60|
|Cash used in other operating activities|328,777,838.65|1,350,354,065.27|
|Subtotal of cash used in operating activities|8,825,770,471.25|9,219,053,462.61|
|Net cash generated from/used in operating activities|1,195,664,193.80|669,831,496.77|
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|5,935,000,000.00|3,185,000,000.00|

Wuxi Little Swan Company Limited Third Quarter Report 2018
||||
|-|-|-|
|Investment income|59,934,823.87|104,184,719.36|
|Net proceeds from disposal of fixed assets, intangible assets and other|||
||1,378,421.40|192,710.01|
|long-lived assets|||
|Net proceeds from disposal of subsidiaries or other business units||2,415,000.00|
|Cash generated from other investing activities|109,415,609.59|38,174,499.80|
|Subtotal of cash generated from investing activities|6,105,728,854.86|3,329,966,929.17|
|Payments for acquisition of fixed assets, intangible assets and other|||
||169,367,095.97|46,670,938.80|
|long-lived assets|||
|Payments for investments|6,900,000,000.00|4,475,000,000.00|
|Net payments for acquisition of subsidiaries and other business units|||
|Cash used in other investing activities|||
|Subtotal of cash used in investing activities|7,069,367,095.97|4,521,670,938.80|
|Net cash generated from/used in investing activities|-963,638,241.11|-1,191,704,009.63|
|3. Cash flows from financing activities:|||
|Capital contributions received|||
|Increase in borrowings obtained||243,000,000.00|
|Net proceeds from issuance of bonds|||
|Cash generated from other financing activities|||
|Subtotal of cash generated from financing activities||243,000,000.00|
|Repayment of borrowings|16,806,882.34|258,943,093.80|
|Payments for interest and dividends|645,367,374.65|492,786,139.87|
|Cash used in other financing activities|||
|Sub-total of cash used in financing activities|662,174,256.99|751,729,233.67|
|Net cash generated from/used in financing activities|-662,174,256.99|-508,729,233.67|
|4. Effect of foreign exchange rate changes on cash and cash equivalents|-1,379,355.61||
|5. Net increase in cash and cash equivalents|-431,527,659.91|-1,030,601,746.53|
|Add: Cash and cash equivalents, beginning of the period|945,759,061.62|2,353,708,554.75|
|6. Cash and cash equivalents, end of the period|514,231,401.71|1,323,106,808.22|

 II 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.
Wuxi Little Swan Company Limited Third Quarter Report 2018 Wuxi Little Swan Company Limited Legal representative: Fang Hongbo 31 October 2018