Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 Hefei Meiling Co., Ltd.
The First Quarterly Report of 2016
April 2016
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 Section I. Important Notes
Board of Directors and the Supervisory Committee of Hefei Meiling 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.
Mr. Liu Tibin, person in charge of the Company, Mr. Zhang Xiaolong, person in charger of accounting works and Mr. Luo Bo, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete.
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
The First Quarterly Report of 2016 has not been audited.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 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|
||This Period|||period of last year|
|||Before|||
||||After adjustment|After adjustment|
|||adjustment|||
|Operating income (RMB)|2,926,400,488.89|2,690,420,998.10|2,752,501,149.32|6.32%|
|Net profit attributable to shareholders of|53,709,680.24||53,995,097.74||
|the listed company(RMB)||54,960,953.89||-0.53%|
|Net profit attributable to shareholders of|||||
|the listed company after deducting|41,338,292.32|54,838,638.93|54,838,638.93|-24.62%|
|non-recurring gains and losses(RMB)|||||
|Net cash flow arising from operating|139,597,747.12||-117,793,266.60||
|activities(RMB)||-126,760,952.62||218.51%|
|Basic earnings per share (RMB/Share)|0.0703|0.0720|0.0707|-0.53%|
|Diluted earnings per share (RMB/Share)|0.0703|0.0720|0.0707|-0.53%|
|Weighted average ROE|1.53%|1.59%|1.53%|--|
|||||Changes of this|
|||||period-end over|
|||End of last period|||
|||||same period-end of|
||End of this period||||
|||||last year|
|||Before|||
||||After adjustment|After adjustment|
|||adjustment|||
|Total assets (RMB)|9,896,368,387.89|9,066,223,601.14|9,237,288,359.74|7.13%|
|Net assets attributable to shareholder of|3,428,845,753.98||3,475,377,586.34||
|listed company (RMB)||3,384,574,993.19||-1.34%|

 Note: the Company successfully acquired98.856% equity interests of Guangdong Changhong Ridian Science& Technology Company Limited (“Changhong Ridian”) in relevant bidding at the end of 2015, and completed business and commercial registration procedures in respect of this acquisition in early February 2016. Upon
completion of the registration, the Company will hold98.856% equity interests of Changhong Ridian. According
to relevant provisions under No.33 of the Enterprise Accounting Standards-consolidated financial statement, with
respect to subsidiaries and businesses acquired by the parent company due to business combination under the
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 same control during the reporting period, adjustments shall be made to the beginning figures in the consolidated statement, and relevant items in comparative statements shall be also adjusted, as if the consolidated reporting entity had been existing since the time when the ultimate controller begins to exercise control. Accordingly, beginning figures for the period and figures of the corresponding period of last year are restated.
Total share capital of the Company up to a trading day before disclosure:
|||
|-|-|
|Total share capital of the Company up to a||
||763,739,205|
|trading day before disclosure (Share)||
|Fully diluted earnings per share calculated with||
||0.0703|
|the latest share capital (RMB/Share)||

Items of non-recurring gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Balance from year-begin to||
|Item||Note|
||period-end||
|Gains/losses from the disposal of non-current asset (including the||Found in “Non-operating income|
||-186,783.63||
|write-off that accrued for impairment of assets)||and expenditure”|
|Governmental subsidy reckoned into current gains/losses (not|||
|including the subsidy enjoyed in quota or ration according to||Found in “Non-operating income|
||8,327,386.64||
|national standards, which are closely relevant to enterprise’s||and expenditure”|
|business)|||
|Held transaction financial asset, gains/losses of changes of fair|||
|values from transaction financial liabilities, and investment gains|||
|from disposal of transaction financial asset, transaction financial|||
||4,986,301.37|Found in “Investment income”|
|liabilities and financial asset available for sales, exclude the|||
|effective hedging business relevant with normal operations of the|||
|Company|||
|Other non-operating income and expenditure except for the||Found in “Non-operating income|
||845,109.54||
|aforementioned items||and expenditure”|
|Less : impact on income tax|1,643,975.59|--|
|Impact on minority shareholders’ equity (post-tax)|-43,349.59|--|
|Total|12,371,387.92|--|

 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
||||
|-|-|-|
|Item|Involved amount (RMB)|Reason|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|||During the reporting period, the wholly owned subsidiary - Mianyang|
|||Meiling Software Technology Co., Ltd. has received VAT refunds of|
|||software products according to "Notice about VAT policy of software|
|||products by Ministry of Finance & State Administration of Taxation"|
|||CS No. [2011] 100 document, and adequately disclosed the company's|
|||business situation, in accordance with relevant provisions in the third|
|Non-operation income|550,355.96|article of the second item of CSRC "No. 1 explanatory announcement|
|||about information disclosure of the company publicly issues securities|
|||- non-recurring profit and loss (2008)", the public subsidies which are|
|||closely related to the company's business, conform to the national|
|||policies and regulations and continue to be enjoyed according to a|
|||certain standard rating or quantity should be included in the company's|
|||recurring gains and losses.|

II. Total number of shareholders at the end of this report period and top ten shareholders 1. Number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders In shares
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Total preference shareholderswith voting rights recovered atend of reporting period (ifapplicable)|||||
|Total number of common|||||||||
|||72,326||||N/A|||
|shareholders at the end of report|||||||||
|period|||||||||
|Top ten shareholders|||||||||
||||||||Number of share||
||||||Amount of||||
|||||Amount of shares|||pledged/frozen||
|Shareholder’s name|Nature of||Proportion of||restricted shares||||
||shareholder||shares held|held|||State of||
||||||held|||Amount|
||||||||share||
|Sichuan Changhong ElectricCo., Ltd.|State-ownedlegal person||21.58%|164,828,330|0||||
||||||||——|——|
|Hefei Industrial InvestmentHolding (Group) Co., Ltd.|State-ownedlegal person||6.26%|47,823,401|0||||
||||||||——|——|
|Changhong (Hong Kong) TradeCo., Ltd.|Foreign legalperson||3.30%|25,165,823|0||||
||||||||——|——|
|CAO SHENGCHUN|Foreign naturalperson||1.75%|13,360,415|0||||
||||||||——|——|
|China Securities FinanceCorporation Limited|Domesticgeneral legalperson||0.58%|4,399,500|0||||
||||||||——|——|
|NORGES BANK|Foreign legalperson||0.55%|4,216,432|0||||
||||||||——|——|
|DEUTSCHE BANKAKTIENGESELLSCHAFT|Foreign legalperson||0.48%|3,699,287|0||||
||||||||——|——|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|CMB - China ClassicConfiguration Hybrid SecuritiesInvestment Fund|Domesticnon-state-ownedlegal person||0.46%|3,505,304||0||||
|||||||||——|——|
|ICBC- South LongyuanIndustry Theme StockSecurities Investment Fund|Domesticnon-state-ownedlegal person||0.46%|3,488,500||0||||
|||||||||——|——|
|Long Qinfang|Foreign naturalperson||0.42%|3,239,297||0||||
|||||||||——|——|
|Top ten shareholders with unrestricted shares held||||||||||
||||||Type of shares|||||
|Shareholder’s name||Amount of unrestricted shares held||||||||
||||||Type||Amount|||
|Sichuan Changhong Electric Co., Ltd.||164,828,330|||RMB ordinary|||||
||||||||164,828,330|||
||||||shares|||||
|Hefei Industrial Investment Holding(Group) Co., Ltd.||47,823,401|||RMB ordinary|||||
||||||||47,823,401|||
||||||shares|||||
|Changhong (Hong Kong) Trade Co., Ltd.||25,165,823|||Domestically listed|||||
||||||||25,165,823|||
||||||foreign shares|||||
|CAO SHENGCHUN||13,360,415|||Domestically listed|||||
||||||||13,360,415|||
||||||foreign shares|||||
|China Securities Finance CorporationLimited||4,399,500|||RMB ordinary|||||
||||||||4,399,500|||
||||||shares|||||
|NORGES BANK||4,216,432|||Domestically listed|||||
||||||||4,216,432|||
||||||foreign shares|||||
|DEUTSCHE BANKAKTIENGESELLSCHAFT||3,699,287|||RMB ordinary|||||
||||||||3,699,287|||
||||||shares|||||
|CMB - China Classic ConfigurationHybrid Securities Investment Fund||3,505,304|||RMB ordinary|||||
||||||||3,505,304|||
||||||shares|||||
|ICBC- South Longyuan Industry ThemeStock Securities Investment Fund||3,488,500|||RMB ordinary|||||
||||||||3,488,500|||
||||||shares|||||
|Long Qinfang||3,239,297|||Domestically listed|||||
||||||||3,239,297|||
||||||foreign shares|||||
|||Among the above shareholders, Changhong (Hong Kong) Trade Co., Ltd. is the||||||||
|||wholly-owned subsidiary of Sichuan Changhong Electronic Co., Ltd.; there existed no||||||||
|||associated relationship or belong to the concerted actors as specified in the Measures for||||||||
|Explanation on associated relationship||the Administration of Information Disclosure of Shareholder Equity Changes of Listed||||||||
|among the aforesaid shareholders||Companies among Sichuan Changhong Electronic Co., Ltd., Changhong (Hong Kong)||||||||
|||Trade Co., Ltd. and other top 8 shareholders; as the Company has not known whether||||||||
|||there exists any business relationship among the other shareholders with unrestricted||||||||
|||subscription or they belong to the concerted actors as specified in the Measures for the||||||||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
|||
|-|-|
||Administration of Information Disclosure of Shareholder Equity Changes of Listed|
||Companies.|
|Explanation on top ten common||
|shareholders involving margin business|Not applicable|
|(if applicable)||

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 and shares held by top ten shareholders with preferred stock held
□ Applicable√ Not applicable
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 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
1. Changes and reasons of items in balance sheet
In RMB
||||||
|-|-|-|-|-|
|Item|Balance atperiod-end|Balance atyear-begin|Changesratio|Reasons of changes|
|Monetary Fund|3,007,374,476.31|2,135,189,879.15|40.85%|Mainly due to recovery ofentrusted financing principals bythe Company and increase of bankborrowings.|
|Other receivable|26,686,197.96|39,494,835.30|-32.43%|Mainly due to receipt of export taxrefund by parent company.|
|Other currentassets|18,395,389.20|539,101,578.44|-96.59%|Mainly due to recovery ofentrusted financing principals byparent company as the sameexpired in the period.|
|Developmentexpenditure|70,080,324.34|53,344,827.72|31.37%|Mainly due to increase of researchand development investment by thesubsidiary Sichuan Air Conditionerin the period.|
|Short-term loans|339,440,767.02|58,680,093.19|478.46%|Mainly due to increase of shortterm borrowings of the parentcompany in the period.|
|Salaryemployeespayable|77,390,262.12|115,297,429.40|-32.88%|Mainly due to grant of salary andyear-end bonus as provided for inprevious year in the period.|
|Taxes payable|101,877,955.85|70,530,483.54|44.45%|Mainly due to expansion of sales ofthe Company in the period.|
|Minority equity|55,809,062.90|36,290,904.66|53.78%|Mainly due to materialization ofcapital increase by minorityshareholders to subsidiaries in theperiod.|

2. Changes and reasons of items in profit statement
In RMB
||||||
|-|-|-|-|-|
|Item|Amount at thisperiod|Amount at sameperiod of last year|Changesratio|Reasons of changes|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||||
|-|-|-|-|-|
|Business taxesand additional|27,786,160.01|18,119,401.70|53.35%|Mainly due to increase of sales ofthe Company and credit of VAT ofthe subsidiary Sichuan AirConditioner in the period.|
|Financialexpenses|-5,371,504.22|-19,080,895.94|-71.85%|Mainly due to decrease of interestincome of parent company anddecrease of exchange gains of theCompany in the period.|
|Assetsimpairment loss|18,384,472.57|9,428,760.49|94.98%|Mainly due to provision of baddebts for trade receivables whichare increased due to growth of salesof the Company in the period.|
|Changing incomeof fair value(Loss is listedwith “-”)|--|81,770.00|-100.00%|Mainly due to movement of fairvalue of forward exchange contractin the corresponding period of lastyear, and there is no suchmovement in this period.|
|Investmentincome (loss islisted with “-“)|358,659.99|171,415.10|109.23%|Mainly due to collection ofentrusted financing income by theCompany in this period, whilethere is no such income in thecorresponding period of last year|
|Income frominvestment forassociatedenterprise andjoint venture|-4,627,641.38|171,415.10|-2799.67%|Mainly due to year-on-yearincrease of losses recorded byassociated corporations in thisperiod.|
|Non-operationincome|10,126,101.23|6,077,129.21|66.63%|Mainly due to increase ofgovernment grant received by theCompany in the period.|
|Including:income fromdisposal ofnon-current assets|137,329.94|14,784.00|828.91%|Mainly due to increase of gainsfrom disposal of fixed assets byparent company in the period.|
|Non-operatingexpenses|590,032.72|6,178,693.98|-90.45%|Mainly due to decrease of lossesfrom disposal of long term assetsby parent company in the period.|
|Including: lossfrom disposal ofnon-current assets|324,113.57|5,689,480.81|-94.30%|Same reason as “non-operatingexpenses” above.|
|Income tax|6,528,778.06|9,522,918.59|-31.44%|Mainly due to that profit before tax|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
|||||||
|-|-|-|-|-|-|
|expenses|||||of certain subsidiaries makes uplosses recorded in previous year.|
|||||-75.72%|Mainly due to that certainnon-wholly owned subsidiariesturned to make profit in this periodinstead of losses.|
||Minority interest|-1,050,229.32|-4,326,016.18|||

3. Changes and reasons of items in cash flow statement
In RMB
||||||
|-|-|-|-|-|
|Item|Amount at thisperiod|Amount at sameperiod of last year|Changesratio|Reasons of changes|
|Cash receivedfrom sellingcommodities andproviding laborservices|2,763,169,371.62|1,885,020,797.44|46.59%|Mainly due to increase of salesamount received by the Companyin the period.|
|Tax refundsreceived|73,998,123.72|54,031,690.80|36.95%|Mainly due to increase of exporttax refund received by theCompany in the period.|
|Cash receivedrelated with otheroperatingactivities|10,898,715.23|6,487,030.96|68.01%|Mainly due to increase ofgovernment grant received by theCompany in the period.|
|Cash paid forpurchasingcommodities andreceiving laborservice|2,164,889,172.42|1,523,411,470.90|42.11%|Mainly due to increase ofprocurement of raw materials andincrease of note payables due forpayment.|
|Cash receivedfrom recoveringinvestment|500,000,000.00|-|100.00%|Mainly due to recovery of the dueentrusted financing principals bythe Company in this period, whilethere is no such recovery in thecorresponding period of last year.|
|Cash receivedfrom investmentincome|4,986,301.37|-|100.00%|Mainly due to receipt of entrustedfinancing income by the Companyin this period, while there is nosuch income in the correspondingperiod of last year.|
|Net cash receivedfrom disposal offixed assets,intangible assetsand other|216,587.52|1,234,432.00|-82.45%|Mainly due to decrease of disposalof long term assets by theCompany in the period.|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 long-term assets
||||||
|-|-|-|-|-|
|Cash receivedrelated with otherinvestmentactivities|11,813,596.67|17,362,060.65|-31.96%|Mainly due to decrease of interestincome of parent company in theperiod.|
|Cash paid forinvestment|95,983,860.00|36,149,974.00|165.52%|Mainly due to acquisition of equityinterests of business under thesame control by parent company inthe period.|
|Cash receivedfrom absorbinginvestment|16,661,794.74|-|100.00%|Mainly due to absorption of capitalcontribution from minorityshareholders by subsidiaries in theperiod, while there is no suchcapital contribution in thecorresponding period of last year.|
|Cash receivedfrom loans|384,191,670.80|686,048,061.59|-44.00%|Mainly due to increase of shortterm borrowings of parentcompany in the period.|
|Cash receivedrelated with otherfinancingactivities|3,451.80|-|100.00%|Mainly due to receipt of odd lotsdividends by parent company in theperiod, while there is no suchdividend in the correspondingperiod of last year.|
|Cash paid fordebt settlement|48,119,369.00|391,572,057.56|-87.71%|Mainly due to decrease ofrepayment of short termborrowings by parent company inthe period.|
|Cash paid fordividend/profitdistribution orinterest expenses|2,013,571.61|4,053,158.20|-50.32%|Mainly due to decrease ofborrowing interest repaid by parentcompany in the period.|
|Impact on cashfrom exchangerate movement|-5,770,988.16|7,205,021.10|-180.10%|Mainly due to change of exchangerate in the period.|

II. Analysis and explanation of significant events and their influence and solutions
√ Applicable□Not applicable
(I) Particular about process of the fund raised and investment of fund raised in the report period
All projects invested with raised funds of non-public offering by the company in 2010 have been completed and
reached the production index, accumulative invest capital for investment projects is 1,222,530,875 yuan. Up to
March 31, 2016, account balance of raise funds is 20,499,015 yuan (of which the amount the company has not
withdrawn for permanently supplementing the working funds is 244,084 yuan, and the total amount to pay the
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 contract and retention money is 20,254,931yuan).
(II) Non-public issuance of share of the Company
The non-public issuance of the Company has been considered and approved at the12th meeting of the
8th session of board of directors and the
2nd
special general meeting of 2015 held on 18 November 2015 and 22 December 2015, respectively. Details are disclosed in the announcements (Nos. 2015-053, 2015-054, 2015-057, 2015-063, 2015-064, 2015-065, 2015-070, 2016-007, 2016-014, 2016-015, 2016-016, 2016-017 and 2016-018) of the Company dated 19 November, 23 December, 30 December 2015 and 25 March 2016 on the designated information disclosure media including Securities Times, China Securities, Hong Kong Commercial Daily and Juchao website(www.cninfo.com.cn) and the 2015 annual report of the Company.
Pursuant to the requirements under the Response Notice on Review of Administration Permit Projects of the CSRC (No. 153769) issued by the CSRC, the Company and relevant intermediate institutions made specific explanation on the issues listed on the Response Notice on 29 January 2016, and performed its obligation of information disclosure. Details are disclosed in the announcements (Nos. 2016-006 and 2016-012) of the Company dated 30 January and 24 February 2016 on the designated information disclosure media including Securities Times, China Securities, Hong Kong Commercial Daily and Juchao website(www.cninfo.com.cn) . Taking into account the change of domestic securities market and the actual condition of the Company, in order to ensure smooth proceeding of this non-public issuance, it is agreed for the Company to make adjustments to the issue price, pricing principles and issuance quantity of this non-public issuance plan, and to extend the “term of this issuance resolution” as set out in such plan with others remained unchanged, subject to approval at the 17th meeting of the
8th
board of directors and the
1st
special general meeting of 2016. The adjusted non-public issuance plan has obtained consent from the relevant state-owned assets supervision and management authorities, pending for approval from the CSRC. Besides, according to the Guideline Opinions on Initial Offering, Refinancing and Immediate Dilution of Return arising from Material Assets Reorganization (Announcement of the CSRC No.2015-31), the Company established relevant measures relating to immediate dilution of return and compensation in respect of non-public issuance, and the directors and senior management of the Company made relevant undertakings. For details, please refer to theCompany’s announcements (Nos. 2016-009, 2016-010, 2016-011, 2016-014, 2016-015, 2016-016, 2016-017, 2016-018, 2016-019, 2016-024, 2016-036 and 2016-037 ) dated 24 February, 7 March, 19 March, 2 April and 6 April 2016 published on the designated information disclosure media including Securities Times, China Securities, Hong Kong Commercial Daily and Juchao website(www.cninfo.com.cn) .
(III) Implementation for annual performance incentive fund
On August 9, 2012 and August 28, 2012, the Company considers the adoption of "Hefei Meiling annual performance incentive fund implementation plan" (hereinafter referred to as "" stimulus "") on the
16th
meeting of the
7th
board of directors and the 2012-second provisional shareholders meeting. Details were disclosed on information disclosure media appointed by the Company as "Securities Times", "Chinese Securities Daily", "Hong Kong Commercial Daily" and the Juchao network (www.cninfo.com.cn) on August 10, 2012 and August 29th in the form of announcement (No.: 2012-028, No.:2012-035).
1. Implementation about 2012, 2013 and 2014 performance incentive fund provision and distribution plan Please see the details in "The implementation of the company's annual incentive funds "of "XV-Implementation of thecompany’s stock incentive plan, employee stock ownership plan or other employee incentives " at "Section Five-Important matters" in "2015 Annual Report" of the company disclosed on Mar. 25, 2016.
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 As at the end of this reporting period, stocks of the Company purchased by certain performance incentive grantees of 2012 (other than directors, supervisors and senior management) with the 2012 performance incentive funds granted to them and their own capital can be totally released, and stocks of the Company purchased by certain performance incentive grantees of 2013 (other than directors, supervisors and senior management) with the 2013 performance incentive funds granted to them and their own capital can be half released. The overall shareholding by these grantees is set out below. Stocks of the Company purchased by the performance incentive grantees of 2014 with the 2014 performance incentive funds granted to them and their own capital are held less than one year, so all the stocks purchased by these grantees are locked for sale. The existing directors, supervisors and senior management among the performance incentive grantees who purchase stocks of the Company under the 2012, 2013 and 2014 performance incentive plans have not reduced their shareholding.
2. Shareholding and reducing of performance incentive objects of the Company
Up to March 31, 2016, the total number of thecompany’s stock held by incentive objects is 11,341,853 shares, accounting for1.49% of thecompany’s total share capital, of which A stock is 10,008,721 shares, accounting for about1.31% of thecompany’s total share capital, B stock is 1,333,132 shares, accounting for about0.17% of thecompany’s total share capital. Up to March 31, 2016, some 2012& 2013 annual performance incentive objects (non directors, supervisors or senior management) have cumulatively reduced holding of 2,137,603 shares from September 2014 to the end of this reporting period, accounting for0.28% of thecompany’s total share capital. (IV) Transaction with Sichuan Changhong Group Finance Co., Ltd
Subject to approval from the board of directors and general meeting of the Company, it is agreed for the Company to enter into Financial Service Agreement with Sichuan Changhong Group Finance Co., Ltd. (“Changhong Finance Company”) for a term of three years. Pursuant to the agreement, Changhong Finance Company will provide a series of financial services including savings and loans within its operating scope according to requirements of the Company and its subsidiaries. From the beginning of this year to the end of reporting period, the connected transactions occurred between the Company and Changhong Finance Company are set out below:
|||||||
|-|-|-|-|-|-|
|Item|Opening balance|Increased duringthe Year|Decreased duringthe Year|Ending balance|Interest,handlingcharge paid orreceived|
|I. Savings in ChanghongGroup Finance Company|1,260,081,706.55|5,498,866,761.79|5,459,131,140.83|1,299,817,327.51|7,168,953.41|
|II. Borrowings fromChanghong Group FinanceCompany|-|-||--|-|
|1.Short-term loans|-|-||--|-|
|2.Long-term loans|-|-||--|-|
|III. Other financial business|-|-||--|-|
|1.notes drawing|733,001,248.18|434,503,140.90|418,344,202.64|749,160,186.44|-|
|2.notes discounted|236,410,328.55|342,705,572.67|314,595,135.43|264,520,765.79|4,092,272.35|

Note: the Company acquired Guangdong Changhong Ridian Technology Co., Ltd. (hereinafter referred to as
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 "Changhong Ridian") in early 2016, the above table already contains Changhong Ridian and Changhong Finance related transactions deposits, loans and other financial services.
(IV) Overview of other significant events
||||
|-|-|-|
|||Information index for temporary report|
|Overview|Date for disclosure||
|||disclosure|
|As approved by resolution on the 14th meeting of the 8th board of directors,the Company is approved to acquire 98.856% equity interests of GuangdongChanghong Ridian Science & Technology Company Limited (“ChanghongRidian”) in relevant bidding at the end of 2015, at the consideration ofRMB95.65 million. During the reporting period, the business and commercialregistration has been completed in respect of this equity transfer.|||
||2015-12-19;|Juchao Website:|
||2015-12-24;|http://www.cninfo.com.cn|
||2016-1-5;|( No.: 2015-061, 2015-062, 2015-066,|
||2016-2-4;|2015-067, 2016-001, 2016-008 )|
|In order to ensure orderly proceeding of smart living project, as approved byresolution on the 15th meeting of the 8th board of directors, the Company isapproved to invest in incorporation of Changmei Technology Company.||Juchao Website:|
||2016-1-8|http://www.cninfo.com.cn|
|||( No.: 2016-002)|
|Commitment Letter on No Reduction of Shareholding in Meiling Applianceswithin a half year issued by the first largest shareholder of theCompany-Sichuan Changhong Appliances Company Limited.||Juchao Website:|
||2016-1-19|http://www.cninfo.com.cn|
|||( No.: 2016-003)|
|Due to change of personal job, Mr. Li Jin, the former vice chairman of theBoard, applied to resign as the director and vice chairman of the 8th board ofdirectors and member of the strategic committee and remuneration andexamination committee.|||
|||Juchao Website:|
||2016-1-21|http://www.cninfo.com.cn|
|||( No.: 2016-004)|
|Zhongke Meiling Low Temperature Technology Company Limited(“Zhongke Meiling”), a controlling subsidiary of the Company, is officiallylisted on the national middle and small enterprise stock transfer system on 24February 2016, in way of agreement transfer, with the securities abbreviationand stock code being Zhongke Meiling and 835892 respectively.|||
|||Juchao Website:|
||2016-1-30;||
|||http://www.cninfo.com.cn|
||2016-2-24;||
|||( No.: 2016-005, 2016-013)|
|As approved by the board of directors and general meeting, it is agreed forthe Company and its subsidiaries to carry out forward exchange capitaltransactions during the period from 1 July 2016 to 30 June 2017, thetransaction balance shall not exceed USD500 million and settlement periodfor a single transaction shall not last for over 2 years.|||
|||Juchao Website:|
||2016-3-19;||
|||http://www.cninfo.com.cn|
||2016-4-7;||
|||( No.: 2016-020, 2016-022, 2016-037)|
|As approved by the board of directors and general meeting, it is agreed forthe Company to continue financial service cooperation with Sichuan FinanceCompany, and to enter into Financial Service Agreement with a term of threeyears, in respect of which, the independent directors issued prior consent andapproval opinions.|||
|||Juchao Website:|
||2016-3-19;|http://www.cninfo.com.cn|
||2016-4-7;|( No.: 2016-020, 2016-021, 2016-023,|
|||2016-024, 2016-037)|
|The former second largest shareholder of the Company-Hefei XingtaiFinancial Holdings (Group) Company Limited transferred 49,477,513 statedowned shares of the Company held by it to Hefei Industrial InvestmentHoldings (Group) Company Limited at nil consideration. As of the end of thereporting period, transfer registration procedures for this equity transfer has|||
|||Juchao Website:|
||2016-3-25|http://www.cninfo.com.cn|
|||( No.: 2016-026)|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|been completed.|||
|The board of directors agreed to appoint Mr. Xu Bangjun as a candidate ofnon-independent director of the 8th board of directors, with a term same as the8th board of directors, which is subject to approval from the 2015 annualgeneral meeting of the Company.|||
|||Juchao Website:|
||2016-3-25|http://www.cninfo.com.cn|
|||( No.: 2016-027)|
|The board of directors agreed the subsidiary Zhongshan ChanghongAppliances Company (“Zhongshan Changhong”) to jointly, with the partnerRUBA GENERAL TRADING FZE (a company based in The United ArabEmirates), increase capital injection into Changhong Ruba TradingCompany(Private) Limited in cash according to the existing shareholdingproportion. Changhong Ruba Trading Company (Private) Limited is a jointventure sales company established by the two parties in Pakistan, the totalamount of the increased capital is USD6.40 million.|||
|||Juchao Website:|
||2016-3-25|http://www.cninfo.com.cn|
|||( No.: 2016-027, 2016-032)|
|The board of directors agreed the subsidiaries Zhongshan Changhong andSichuan Changhong Air Conditioner Company to jointly establishPT.CHANGHONG MEILING ELECTRIC INDONESIA in Indonesia, withregistered capital of USD6.0 million.|||
|||Juchao Website:|
||2016-3-25|http://www.cninfo.com.cn|
|||( No.: 2016-027, 2016-033)|
|As approved by resolution at the 19th meeting of the 8th board of directors, itis agreed for the Company to apply from Hefei Branch of China MerchantsBank a special credit facility with the maximum amount of RMB300 millioninvolving notes related businesses. The term of credit facility is one year, andthe facility is mainly used on note related business by way of note pledge.|||
|||Juchao Website:|
||2016-3-25|http://www.cninfo.com.cn|
|||( No.: 2016-027, 2016-034)|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 III. Commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period
√Applicable□ Not applicable
||||||||
|-|-|-|-|-|-|-|
|||||||Implemen|
|Commitment|Acceptor|Content||Date|Term||
|||||||tation|
|Commitmentsmade inacquisitionreport orequity changereport|||1. The acquirer shall not engage in refrigerator business||||
||||or activity which competes or will compete with||||
|||||||Strictly|
||||business of Meiling Electrical Appliances Co., Ltd.||Valid for long||
|||||||implemen|
||||(hereinafter referred to as the “Meiling Electrical||term||
|||||||ted|
||||Appliances”),or that which has interest conflict with||||
||||Meiling Electrical Appliances.||||
||||2. The acquirer promises to apply shareholders’ right on||||
||Sichuan|About committed and||||Strictly|
||||a legal and reasonable manner and shall not take any||Valid for long||
||Changhong|promised in order to||||implemen|
||||action to limit or affect the normal operation of Meiling||term||
||Electric Co.,|prevent horizontal||||ted|
||||Electrical Appliances.||||
||LTD|competition in the|||||
|||||2007-6-12|||
||||3. For any opportunity to engage in competing business,||||
||(hereinafter|Acquisition Report of|||||
||referred to as|Hefei Meiling Co.,|the acquirer will advise Meiling Electrical Appliances in||||
||the “Sichuan|Ltd.|written for engaging such business or not. If Meiling||||
||||Electrical Appliances gives no clear written reply as to||||
||Changhong”)||||||
||||whether engaging the competing business or not within|||Strictly|
||||||Valid for long||
||||20 days after receipt of the aforesaid letter, it shall be|||implemen|
||||||term||
||||deemed that it will not engage in such business. The|||ted|
||||acquirer will only engage in non-competing business||||
||||provided that Meiling Electrical Appliances confirms||||
||||not to or is deemed to not engage in such||||
||||non-competing business.||||
|Commitmentmade duringthe||Commitment|1. It will not engage in such business or activity that||||
||Sichuan||||Valid for long|Strictly|
|||regarding to reducing|competes with or has interest conflict with that of|2010-6-24|||
||Changhong||||term|implemen|
|||and preventing|Meiling Electrical Appliances except for the action||||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
|||||||
|-|-|-|-|-|-|
|non-publicoffer|competition with|taken for sake of Meiling Electrical Appliances as|||ted|
||Meiling Electrical|required by Meiling Electrical Appliances.||||
||Appliances|2. The Company promises to apply shareholders’ right||||
|||on a legal and reasonable manner and shall not take any||||
|||action to limit or affect the normal operation of Meiling||||
|||Electrical Appliances.||||
|||3. In case that Meiling Electrical Appliances expects, on||||
|||the basis of its existing business, to expand its operation||||
|||scope into the business which the Company has already||||
|||operated, the Company agrees to grant pre emptive right||||
|||to Meiling Electrical Appliances regarding such||||
|||business if the same conditions are met, provided that||||
|||the Company is still the controlling shareholder or||||
|||actual controller of Meiling Electrical Appliances.||||
|||1. Measures will be adopted to prevent continued related||||
|||transaction with Meiling Electrical Appliances: as to the||||
|||related transaction that can not be prevented, it will sign||||
|||related transaction agreement with Meiling Electrical||||
|||Appliances under the market principles of “equally paid||||
||Commitment|||||
|||and mutual benefit”, and fairly determined the||||
||regarding to reducing|||||
|||transaction price according to the market prevailing|||Strictly|
||and standardizing|||Valid for long||
|||standards.|2010-6-24||implemen|
||related transaction|||term||
|||2. Perform the necessary obligations to make related|||ted|
||with Meiling|||||
|||directors and related shareholder abstain from voting||||
||Electrical Appliances|||||
|||according to relevant regulation, and observe legal||||
|||procedure for approving related transaction and||||
|||information disclosure obligations.||||
|||3. Promise not to hurt legal interests of Meiling||||
|||Electrical Appliances and other shareholders through||||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||||||
|-|-|-|-|-|-|-|
||||related transaction.||||
|||Commit to authorized Changhong Air Conditioning and Zhongshan Air||||Strictly|
||||||Valid for long||
|||Conditioning Co., Ltd. (hereinafter referred to as the “Zhongshan Air||2010-11-6||implemen|
||||||term||
|||Conditioning”) to use “Changhong” trademark and relevant patents for free.||||ted|
|||1. Commit to disclose periodic reports on a truthful, accurate, complete, fair and|||||
|||prompt manner, to disclose all the information that have important influences|||||
|||over investors, to accept supervision under the CSRC and Shenzhen Stock|||||
|||Exchange.|||||
|||2. Commit to make public clarification in respect of such information that is|||||
|||released from any public media and may result in misleading influences on|||||
|||||||Strictly|
|||stock price once the Company is aware of such information.|||Valid for long||
||The Company|||2011-1-7||implemen|
|||3. The directors, supervisors, senior management and core technicians of the|||term||
|||||||ted|
|||Company will accept opinions and criticism from the social publics, and they|||||
|||will not trade the Company’s securities, directly or indirectly, with any inside|||||
|||information and other illegal methods. The Company promises that the|||||
|||documents submitted to Shenzhen Stock Exchange exist no false statement or|||||
|||material omission, and no relevant information will be disclosed during the|||||
|||application for listing without prior content from Shenzhen Stock Exchange.|||||
|Commitmentmade intransfer ofairconditioningassetsproperty||1. Since the property transfer didn’t involve the buildings and land currently|||||
|||||||Strictly|
|||used by Changhong Air Conditioning, Sichuan Changhong commits, upon the|||Valid for long||
|||||||implemen|
|||completion of equity transfer, to continue to lease such assets to Changhong Air|||term||
|||||||ted|
||Sichuan|Conditioning at market price.|||||
|||||2009-12-10|||
||Changhong|2. After completion of this property transfer, Sichuan Changhong commits to|||||
|||||||Strictly|
|||manage to prevent new related transaction with Meiling Electrical Appliances.|||Valid for long||
|||||||implemen|
|||For those which can not be prevented, Sichuan Changhong commits to|||term||
|||||||ted|
|||determine the transaction price based on market accepted methods, so as to|||||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
|||||||
|-|-|-|-|-|-|
|||ensure fairness of related transaction and protection of the interest of Meiling||||
|||Electrical Appliances.||||
|||3. Sichuan Changhong commits that it will not engage in air conditioning and||||
|||refrigerator business or activity which competes or will compete with business||||
|||of Meiling Electrical Appliances, or that which has interest conflict with||||
|||Meiling Electrical Appliances.||||
|Commitmentsby Annualperformanceincentivefund,incentiveobjects whilepurchasingstock of theCompanywithperformanceincentivefunds andowned fund||1. Make promise not to reduce the shares of Meiling bought in every year||||
|||during implementation of the performance incentive fund via any market ways|2013-8-15;|Three years after||
||||||Implemen|
|||in the later first year, which was allowed to be reduced by 50% according to the|2014-7-3;|current shares||
||||||ting|
|||laws and regulations in the second year, and the remaining 50% was allowed to|2015-7-21|purchased||
||Some of the|||||
|||be reduced in the third year in accordance with the laws and regulations.||||
||Directors,|||||
|||||From the date||
||supervisors and|2. The directors, supervisors and senior management promised to manage in||||
|||||when annual||
||senior|accordance with the relevant management approaches in accordance with the||||
|||||incentive fund||
||executives of|"Company Law", "Securities Law" and "The Company’s shares held by the||||
|||||plan deliberated||
||the Company as|directors, supervisors and senior management of the listed company and its||||
||||2013-8-15;|||
|||||and approved by||
||well as other|change management rules", as objects of annual performance incentive fund of|||Implemen|
||||2014-7-3;|general meeting||
||incentive|Meiling, including but not limited to: during his tenure, the shares transferred|||ting|
||||2015-7-21|to 6 moths after||
||objects|each year shall not exceed 25% of the total number of shares held of the||||
|||||director,||
|||Company; shall not sell the shares of the Company within six months after||||
|||||supervisor and||
|||bought it or purchase again six months after sold it; shall not transfer the shares||||
|||||senior executives||
|||held within six months after Dismission.||||
|||||resigned||
|Commitmentsof not toreducing theshares||1. Based on market conditions and as allowed by laws and rules, multiple||||
||Sichuan|||||
|||measures were adopted adequately to increase shareholding of Meiling||||
||Changhong|||||
||Electric Co.,|Appliances, so as to demonstrate its firm confidence on the PRC economy and|||Strictly|
|||||Valid for long||
||LTD and|Meiling Appliances with its actual actions, maintain sound development of|2015-7-9||implemen|
|||||term||
||persons acting|capital market and promote recovery of healthy market;|||ted|
||in concert|2. The Company continued to support operation and development of listed||||
||Changhong|company. It is committed to bringing steady and real return to investors.||||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||||||
|-|-|-|-|-|-|-|
||(Hong Kong)|3. Sichuan Changhong has committed that Sichuan Changhong and its persons|||||
||Trading|acting in concert - Changhong (Hong Kong) Trading Co., Ltd. shall not reduce|||||
||Company|holdings of "Meiling" and "Anhui Meiling B" within six months since January|||||
|||||||Implemen|
||Limited|18, 2016, if the holdings of "Meiling" and "Anhui Meiling B" increase due to||2016-1-18|2016-7-18||
|||||||ting|
|||Meiling bonus issue or share capital increased by transferring, the company will|||||
|||still abide by the above commitment. To violate the above commitment, all|||||
|||gains by reducing holdings will belong to Meiling.|||||
|Commitmentmade duringthenon-publicoffer|||1. I hereby undertake not to deliver interests to other||||
||||entities or individuals without consideration or at unfair||||
||||conditions, nor to prejudice the Company’s interests by||||
||||other means.||||
||||2. I hereby undertake to restrain my role related||||
||||consumption behaviors.||||
||||3. I hereby undertake not to conduct any investment and||||
||||||Till the||
||||consumption which is not related to performance of||||
|||Commitment on|||completion of||
||||duties with utilization of any company assets.||||
||Directors and|compensation of|||projects invested||
||||4. I hereby undertake that the remuneration system||||
||senior|immediate dilution of|||with the proceeds|Implemen|
|||||2016-2-23|||
||||determined by the board of directors or the remuneration||||
||executives of|return arising from|||from this|ting|
||||and examination committee be linked to implementation||||
||the Company|non-public issuance of|||non-public||
||||of the compensation of return measures.||||
|||shares|||issuance of||
||||5. In case that the Company adopts share based||shares||
||||incentive plan in future, I hereby undertake that the||||
||||exercise conditions of the incentive plan to be||||
||||announced by the Company be linked to implementation||||
||||of the compensation of return measures.||||
||||6. For the period from the date of this commitment to||||
||||the date of completion of this non-public issuance of||||
||||shares, if the CSRC makes other new regulatory||||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|||requirements on compensation of return measures and|
|||the commitment thereof, and in case that the above|
|||commitments cannot satisfy these new requirements|
|||from the CSRC, I hereby undertake to issue|
|||supplementary commitment in compliance with the|
|||latest CSRC requirements.|
|||As one of the principals responsible for compensation of|
|||return measures, I, in case of break of the above|
|||commitments or refuse to perform the above|
|||commitments, agree to receive relevant punishment or|
|||to adopt relevant administration measures according to|
|||the systems, rules and regulations of the CSRC and|
|||Shenzhen Stock Exchange.|
|Perform the commitment promptly or|√Yes □No||
|not|||
|If the commitments is not fulfilled on|||
|time, shall explain the specify reason|Not applicable||
|and the next work plan|||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 IV. Forecast of operation performance from Jan.– June of 2016
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable√ Not applicable
V. Securities Investment
□ Applicable√ Not applicable
No security investment in Period.
VI. Derivative investment
□ Applicable√ Not applicable
No derivative investment in Period.
VII. Trust financing
√Applicable□Not applicable
In 10 thousand Yuan
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Amount||||
|||||||||of||||
|||||||||reserve||||
|||||||||for|||Actual|
||Whethe||Trust|||Criteria|Principal|||||
|||||||||devalua|Anticip|Actual|collected|
||r related||financin|||for|actually|||||
|Name||Type||Start date|End date|||tion of|ated|gains/losses|gains/loss|
||trade or||g|||fixing|collected in|||||
|||||||||withdra|income|in period|es in|
||not||amount|||reward|the Period|||||
|||||||||wing|||period|
|||||||||(if||||
|||||||||applica||||
|||||||||ble)||||
|Anhui||||||||||||
|||Floating||||||||||
|Province||||||||||||
|||procee||||3.9%||||||
|branch of||||||||||||
||No|ds|50,000|2015-10-20|2016-1-19|annual|50,000|-|486.16|498.63|498.63|
|Bank of||||||||||||
|||produc||||yield||||||
|Communicatio||||||||||||
|||ts||||||||||
|ns||||||||||||
|Total|||50,000|--|--|--|50,000|-|486.16|498.63|498.63|
|Capital resource|||Self-owned temporary idle capital|||||||||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
|||
|-|-|
|Principal uncollected for overdue||
||0|
|and accumulated earnings||
|Lawsuit involved (if applicable)|-|
|Disclosure date for approval from||
|the Board for trust financing (if|2015-3-26|
|applicable)||
|Disclosure date for approval from||
|board of shareholders for trust|2015-4-18|
|financing (if applicable)||
|Whether has trust financing plan||
||No|
|in future||

VIII. Registration form for receiving research, communication and interview in the report period
√ Applicable□Not applicable
|||||
|-|-|-|-|
|Time|Way|Type|Basic situation index of investigation|
||||http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do|
|2016-1-7|Field research|Institute||
||||?stockcode=000521|
||||http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do|
|2016-1-15|Field research|Institute||
||||?stockcode=000521|
||||http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do|
|2016-1-22|Field research|Institute||
||||?stockcode=000521|
||||http://irm.cninfo.com.cn/ircs/ssgs/companyIrmForSzse.do|
|2016-1-26|Field research|Institute||
||||?stockcode=000521|

IX. Guarantee outside against the regulation
□Applicable√Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable√ Not applicable
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Hefei Meiling Co., Ltd.
In RMB
||||
|-|-|-|
|Item|Balance at period-end|Balance at period-begin|
|Current assets:|||
|Monetary funds|3,007,374,476.31|2,135,189,879.15|
|Settlement provisions|-|-|
|Capital lent|-|-|
|Financial liability measured by fair|||
|value and with variation reckoned into|||
||-|-|
|current gains/losses|||
|Derivative financial liability|-|-|
||1,469,342,400.75|1,286,332,682.74|
|Notes receivable|||
||1,473,335,295.44|1,338,396,321.83|
|Accounts receivable|||
|Accounts paid in advance|77,871,853.12|68,041,820.73|
|Insurance receivable|-|-|
|Reinsurance receivables|-|-|
|Contract reserve of reinsurance|||
||-|-|
|receivable|||
|Interest receivable|1,540,027.02|1,238,199.65|
|Dividend receivable|-|-|
|Other receivables|26,686,197.96|39,494,835.30|
|Purchase restituted finance asset|-|-|
|Inventories|1,532,773,157.93|1,554,946,209.51|
|Divided into assets held for sale|-|-|
|Non-current asset due within one|||
||-|-|
|year|||
|Other current assets|18,395,389.20|539,101,578.44|
|Total current assets|7,607,318,797.73|6,962,741,527.35|
|Non-current assets:|||
|Loans and payments on behalf|||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|Finance asset available for sales|17,000,000.00|17,000,000.00|
|Held-to-maturity investment|-|-|
|Long-term account receivable|-|-|
|Long-term equity investment|70,425,919.51|74,239,547.01|
|Investment property|13,882,067.97|14,084,213.51|
|Fixed assets|1,279,981,725.75|1,267,493,931.98|
|Construction in progress|51,949,453.28|56,504,880.99|
|Engineering material|-|-|
|Disposal of fixed asset|75,773,138.47|75,773,138.47|
|Productive biological asset|-|-|
|Oil and gas asset|-|-|
|Intangible assets|586,352,801.14|593,449,698.85|
|Expense on Research and|||
||70,080,324.34|53,344,827.72|
|Development|||
|Goodwill|-|-|
|Long-term expenses to be|||
||-|-|
|apportioned|||
|Deferred income tax asset|79,603,387.70|78,435,177.86|
|Other non-current asset|44,000,772.00|44,221,416.00|
|Total non-current asset|2,289,049,590.16|2,274,546,832.39|
|Total assets|9,896,368,387.89|9,237,288,359.74|
|Current liabilities:|||
|Short-term loans|339,440,767.02|58,680,093.19|
|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|1,961,170,250.32|2,172,064,923.79|
|Accounts payable|2,037,352,117.03|1,604,075,191.50|
|Accounts received in advance|348,432,938.56|295,604,800.16|
|Selling financial asset of|||
||-|-|
|repurchase|||
|Commission charge and|||
||-|-|
|commission payable|||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|Wage payable|77,390,262.12|115,297,429.40|
|Taxes payable|101,877,955.85|70,530,483.54|
|Interest payable|173,468.38|214,328.89|
|Dividend payable|2,200,499.91|2,200,499.91|
|Other accounts payable|730,256,218.70|643,567,087.33|
|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|||
||11,147,235.60|11,153,067.68|
|year|||
|Other current liabilities|-|-|
|Total current liabilities|5,609,441,713.49|4,973,387,905.39|
|Non-current liabilities:|||
|Long-term loans|299,787,008.80|243,004,866.40|
|Bonds payable|-|-|
|Including: preferred stock|-|-|
|Perpetual capital|||
|securities|-|-|
|Long-term account payable|-|-|
|Long-term wages payable|35,988,442.98|38,211,463.86|
|Special accounts payable|-|-|
|Projected liabilities|335,990,014.55|338,125,014.55|
|Deferred income|130,506,391.19|132,890,618.54|
|Deferred income tax liabilities|-|-|
|Other non-current liabilities|-|-|
|Total non-current liabilities|802,271,857.52|752,231,963.35|
|Total liabilities|6,411,713,571.01|5,725,619,868.74|
|Owner’s equity:|||
|Share capital|763,739,205.00|763,739,205.00|
|Other equity instrument|-|-|
|Including: preferred stock|-|-|
|Perpetual capital|||
||-|-|
|securities|||
|Capital public reserve|1,429,225,754.29|1,529,184,356.13|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|Less: Inventory shares|-|-|
|Other comprehensive income|-2,563,411.37|-2,280,500.61|
|Reasonable reserve|-|-|
|Surplus public reserve|367,066,994.18|367,066,994.18|
|Provision of general risk|-|-|
|Retained profit|871,377,211.88|817,667,531.64|
|Total owner’s equity attributable to|||
||3,428,845,753.98|3,475,377,586.34|
|parent company|||
|Minority interests|55,809,062.90|36,290,904.66|
|Total owner’s equity|3,484,654,816.88|3,511,668,491.00|
|Total liabilities and owner’s equity|9,896,368,387.89|9,237,288,359.74|

 Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
||2,490,663,083.80|1,654,499,494.28|
|Monetary funds|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|-|-|
|Derivative financial liability|-|-|
||1,016,945,850.78|828,061,004.44|
|Notes receivable|||
|Accounts receivable|730,388,140.83|943,328,995.97|
|Account paid in advance|206,065,050.88|302,567,578.88|
|Interest receivable|-|-|
|Dividends receivable|-|-|
|Other receivables|40,179,659.93|53,255,891.89|
|Inventories|849,605,142.79|869,593,027.59|
|Divided into assets held for sale|-|-|
|Non-current assets maturing within|||
|one year|-|-|
|Other current assets|14,360,164.83|522,617,641.34|
|Total current assets|5,348,207,093.84|5,173,923,634.39|
|Non-current assets:|||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|Available-for-sale financial assets|17,000,000.00|17,000,000.00|
|Held-to-maturity investments|-|-|
|Long-term receivables|-|-|
|Long-term equity investments|932,211,020.76|840,634,581.05|
|Investment property|11,687,431.81|11,805,903.99|
|Fixed assets|891,449,408.47|890,217,780.00|
|Construction in progress|20,172,314.13|20,365,686.01|
|Project materials|-|-|
|Disposal of fixed assets|43,479,954.71|43,479,954.71|
|Productive biological assets|-|-|
|Oil and natural gas assets|-|-|
|Intangible assets|436,337,289.64|438,227,183.15|
|Research and development costs|1,136,027.62|2,162,829.06|
|Goodwill|-|-|
|Long-term deferred expenses|-|-|
|Deferred income tax assets|68,430,968.96|70,170,515.47|
|Other non-current assets|-|-|
|Total non-current assets|2,421,904,416.10|2,334,064,433.44|
|Total assets|7,770,111,509.94|7,507,988,067.83|
|Current liabilities:|||
|Short-term borrowings|324,424,335.02|34,411,720.00|
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|-|-|
|Derivative financial liability|-|-|
|Notes payable|1,206,325,161.85|1,395,443,530.25|
|Accounts payable|1,161,785,139.05|1,114,807,199.47|
|Accounts received in advance|166,487,785.67|145,333,375.62|
|Wage payable|15,085,453.81|42,847,802.62|
|Taxes payable|39,601,854.80|20,425,867.86|
|Interest payable|173,468.38|214,328.89|
|Dividend payable|2,200,499.91|2,200,499.91|
|Other accounts payable|704,820,937.63|686,009,980.82|
|Divided into liability held for sale|-|-|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|Non-current liabilities due within 1|||
||7,481,483.68|7,487,315.76|
|year|||
|Other current liabilities|-|-|
|Total current liabilities|3,628,386,119.80|3,449,181,621.20|
|Non-current liabilities:|||
|Long-term loans|256,341,900.00|199,341,900.00|
|Bonds payable|-|-|
|Including: preferred stock|-|-|
|Perpetual capital|||
||-|-|
|securities|||
|Long-term account payable|-|-|
|Long-term wages payable|35,988,442.98|38,211,463.86|
|Special accounts payable|-|-|
|Projected liabilities|335,990,014.55|338,125,014.55|
|Deferred income|66,186,338.39|68,050,877.23|
|Deferred income tax liabilities|-|-|
|Other non-current liabilities|-|-|
|Total non-current liabilities|694,506,695.92|643,729,255.64|
|Total liabilities|4,322,892,815.72|4,092,910,876.84|
|Owners’ equity:|||
|Share capita|763,739,205.00|763,739,205.00|
|Other equity instrument|-|-|
|Including: preferred stock|-|-|
|Perpetual capital|||
||-|-|
|securities|||
|Capital public reserve|1,493,143,491.54|1,497,987,446.59|
|Less: Inventory shares|-|-|
|Other comprehensive income|-|-|
|Reasonable reserve|-|-|
|Surplus reserve|366,848,828.50|366,848,828.50|
|Retained profit|823,487,169.18|786,501,710.90|
|Total owner’s equity|3,447,218,694.22|3,415,077,190.99|
|Total liabilities and owner’s equity|7,770,111,509.94|7,507,988,067.83|

Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
Hefei Meiling Co., Ltd.The First Quarterly Report of 2016 3. Consolidated Profit Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|2,926,400,488.89|2,752,501,149.32|
|Including: Operating income|2,926,400,488.89|2,752,501,149.32|
|Interest income|-|-|
|Insurance gained|-|-|
|Commission charge and commission|||
||-|-|
|income|||
|||2,693,460,769.50|
|II. Total operating cost|2,877,106,988.41||
|Including: Operating cost|2,286,732,134.67|2,152,651,043.15|
|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|27,786,160.01|18,119,401.70|
|Sales expenses|451,951,041.92|432,609,102.60|
|Administration expenses|97,624,683.46|99,733,357.50|
|Financial expenses|-5,371,504.22|-19,080,895.94|
|Losses of devaluation of asset|18,384,472.57|9,428,760.49|
|Add: Changing income of fair|||
||-|81,770.00|
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed|||
||358,659.99|171,415.10|
|with “-”)|||
|Including: Investment income on|||
||-4,627,641.38|171,415.10|
|affiliated company and joint venture|||
|Exchange income (Loss is listed|||
||-|-|
|with “-”)|||
|III. Operating profit (Loss is listed with|49,652,160.47|59,293,564.92|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|“-”)|||
|Add: Non-operating income|10,126,101.23|6,077,129.21|
|Including: Disposal gains of|||
||137,329.94|14,784.00|
|non-current asset|||
|Less: Non-operating expense|590,032.72|6,178,693.98|
|Including: Disposal loss of|||
||324,113.57|5,689,480.81|
|non-current asset|||
|IV. Total Profit (Loss is listed with “-”)|59,188,228.98|59,192,000.15|
|Less: Income tax expense|6,528,778.06|9,522,918.59|
|V. Net profit (Net loss is listed with “-”)|52,659,450.92|49,669,081.56|
|Net profit attributable to owner’s of|||
||53,709,680.24|53,995,097.74|
|parent company|||
|Minority shareholders’ gains and|||
||-1,050,229.32|-4,326,016.18|
|losses|||
|VI. Net after-tax of other comprehensive|||
||-401,296.49|-309,624.32|
|income|||
|Net after-tax of other comprehensive|||
|income attributable to owners of parent|-282,910.76|-243,495.58|
|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|-282,910.76|-243,495.58|
|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|||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|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|-282,910.76|-243,495.58|
|financial statements|||
|6. Other|-|-|
|Net after-tax of other comprehensive|||
|income attributable to minority|-118,385.73|-66,128.74|
|shareholders|||
|VII. Total comprehensive income|52,258,154.43|49,359,457.24|
|Total comprehensive income|||
||53,426,769.48|53,751,602.16|
|attributable to owners of parent Company|||
|Total comprehensive income|||
||-1,168,615.05|-4,392,144.92|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.0703|0.0707|
|(ii) Diluted earnings per share|0.0703|0.0707|

 Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
4. Profit Statement of Parent Company
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|1,550,458,365.77|1,501,709,121.95|
|Less: Operating cost|1,305,236,415.06|1,253,513,363.69|
|Operating tax and extras|12,227,268.52|10,329,956.47|
|Sales expenses|163,483,635.62|144,475,730.93|
|Administration expenses|46,061,487.37|50,319,095.61|
|Financial expenses|-7,456,125.90|-14,222,182.00|
|Losses of devaluation of asset|-140,138.17|2,036,087.98|
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|-|81,770.00|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|Investment income (Loss is|||
|listed with “-”)|5,760,147.93|85,130.93|
|Including: Investment income|||
|on affiliated company and joint venture|773,846.56|85,130.93|
|II. Operating profit (Loss is listed|||
|with “-”)|36,805,971.20|55,423,970.20|
|Add: Non-operating income|7,031,366.56|2,608,543.71|
|Including: Disposal gains of|||
|non-current asset|92,759.42|-|
|Less: Non-operating expense|310,277.05|6,042,964.39|
|Including: Disposal loss of|||
|non-current asset|244,077.48|5,668,797.10|
|III. Total Profit (Loss is listed with|||
|“-”)|43,527,060.71|51,989,549.52|
|Less: Income tax expense|6,541,602.43|7,598,058.95|
|IV. Net profit (Net loss is listed with|||
|“-”)|36,985,458.28|44,391,490.57|
|V. Net after-tax of other comprehensive|||
|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|||
|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|||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|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|36,985,458.28|44,391,490.57|
|VII. Earnings per share:|||
|(i) Basic earnings per share|0.0484|0.0581|
|(ii) Diluted earnings per share|0.0484|0.0581|

 Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
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|2,763,169,371.62|1,885,020,797.44|
|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|-|-|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|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|73,998,123.72|54,031,690.80|
|Other cash received concerning|||
||10,898,715.23|6,487,030.96|
|operating activities|||
|Subtotal of cash inflow arising from|||
||2,848,066,210.57|1,945,539,519.20|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|2,164,889,172.42|1,523,411,470.90|
|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|329,027,920.11|268,577,049.07|
|Taxes paid|79,046,193.58|80,040,160.08|
|Other cash paid concerning|||
||135,505,177.34|191,304,105.75|
|operating activities|||
|Subtotal of cash outflow arising from|||
||2,708,468,463.45|2,063,332,785.80|
|operating activities|||
|Net cash flows arising from operating|||
||139,597,747.12|-117,793,266.60|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|500,000,000.00|-|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|investment|||
|Cash received from investment|||
||4,986,301.37|-|
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term|216,587.52|1,234,432.00|
|assets|||
|Net cash received from disposal of|||
||-|-|
|subsidiaries and other units|||
|Other cash received concerning|||
||11,813,596.67|17,362,060.65|
|investing activities|||
|Subtotal of cash inflow from investing|||
||517,016,485.56|18,596,492.65|
|activities|||
|Cash paid for purchasing fixed,|||
||36,348,248.79|36,883,835.95|
|intangible and other long-term assets|||
|Cash paid for investment|95,983,860.00|36,149,974.00|
|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|||
||132,332,108.79|73,033,809.95|
|activities|||
|Net cash flows arising from investing|||
||384,684,376.77|-54,437,317.30|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
||16,661,794.74|-|
|investment|||
|Including: Cash received from|||
|absorbing minority shareholders’|-|-|
|investment by subsidiaries|||
|Cash received from loans|384,191,670.80|686,048,061.59|
|Cash received from issuing bonds|-|-|
|Other cash received concerning|||
||3,451.80|-|
|financing activities|||
|Subtotal of cash inflow from financing|||
||400,856,917.34|686,048,061.59|
|activities|||
|Cash paid for settling debts|48,119,369.00|391,572,057.56|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|Cash paid for dividend and profit|||
||2,013,571.61|4,053,158.20|
|distributing or interest paying|||
|Including: Dividend and profit of|||
|minority shareholder paid by|-|-|
|subsidiaries|||
|Other cash paid concerning|||
||-|-|
|financing activities|||
|Subtotal of cash outflow from|||
||50,132,940.61|395,625,215.76|
|financing activities|||
|Net cash flows arising from financing|||
||350,723,976.73|290,422,845.83|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|-5,770,988.16|7,205,021.10|
|exchange rate|||
|V. Net increase of cash and cash|||
||869,235,112.46|125,397,283.03|
|equivalents|||
|Add: Balance of cash and cash|||
||2,121,161,238.01|2,709,097,193.11|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||2,990,396,350.47|2,834,494,476.14|
|equivalents at the period -end|||

Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
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|1,459,425,734.39|919,267,902.33|
|services|||
|Write-back of tax received|42,807,549.95|35,315,414.37|
|Other cash received concerning|||
||5,404,054.78|1,969,905.92|
|operating activities|||
|Subtotal of cash inflow arising from|||
||1,507,637,339.12|956,553,222.62|
|operating activities|||
|Cash paid for purchasing|||
||1,197,030,174.41|973,813,926.55|
|commodities and receiving labor|||

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|service|||
|Cash paid to/for staff and workers|134,305,529.47|90,288,074.11|
|Taxes paid|21,297,508.43|25,736,819.33|
|Other cash paid concerning|||
||60,265,931.74|66,618,277.52|
|operating activities|||
|Subtotal of cash outflow arising from|||
||1,412,899,144.05|1,156,457,097.51|
|operating activities|||
|Net cash flows arising from operating|||
||94,738,195.07|-199,903,874.89|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
||500,000,000.00|-|
|investment|||
|Cash received from investment|||
||4,986,301.37|-|
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term|205,587.52|965,112.00|
|assets|||
|Net cash received from disposal of|||
||-|-|
|subsidiaries and other units|||
|Other cash received concerning|||
||7,772,259.09|14,255,616.51|
|investing activities|||
|Subtotal of cash inflow from investing|||
||512,964,147.98|15,220,728.51|
|activities|||
|Cash paid for purchasing fixed,|||
||24,183,155.13|15,521,939.44|
|intangible and other long-term assets|||
|Cash paid for investment|95,650,000.00|6,000,000.00|
|Net cash received from|||
||-|-|
|subsidiaries and other units|||
|Other cash paid concerning|||
||-|-|
|investing activities|||
|Subtotal of cash outflow from investing|||
||119,833,155.13|21,521,939.44|
|activities|||
|Net cash flows arising from investing|||
||393,130,992.85|-6,301,210.93|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|-|-|

Hefei Meiling Co., Ltd.The First Quarterly Report of 2016
||||
|-|-|-|
|investment|||
|Cash received from loans|380,831,650.44|619,816,005.59|
|Cash received from issuing bonds|-|-|
|Other cash received concerning|||
||9,427,786.43|4,801,561.18|
|financing activities|||
|Subtotal of cash inflow from financing|||
||390,259,436.87|624,617,566.77|
|activities|||
|Cash paid for settling debts|35,028,969.00|347,191,657.56|
|Cash paid for dividend and profit|||
||1,601,868.57|3,496,983.19|
|distributing or interest paying|||
|Other cash paid concerning|||
||96,569.57|19,697,344.21|
|financing activities|||
|Subtotal of cash outflow from|||
||36,727,407.14|370,385,984.96|
|financing activities|||
|Net cash flows arising from financing|||
||353,532,029.73|254,231,581.81|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|-5,237,628.13|6,512,404.39|
|exchange rate|||
|V. Net increase of cash and cash|||
||836,163,589.52|54,538,900.38|
|equivalents|||
|Add: Balance of cash and cash|||
||1,654,499,494.28|2,390,446,316.58|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||2,490,663,083.80|2,444,985,216.96|
|equivalents at the period -end|||

Legal Representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institute: Luo Bo
II. Audit report
Whether the
1st
quarterly report has been audited or not
□Yes√ No
The
1st
quarterly report of the Company has not been audited
Hefei Meiling Co., Ltd.
Chairman: Liu Tibin
28 April 2016