Wafangdian Bearing Company Limited the Q3 Report for 2019 Wafangdian Bearing Company Limited
the Q3 Report for 2019
2019-32
October 2019
Chapter I. Important Prompts
The board of directors, board of supervisors, directors, supervisors and the top management guarantee there is no false record, misleading statement or major omission in the report, and take responsibilities for the truth, accuracy and completeness of the contents.
All the directors attended the Board meeting and discussed the report.
The charger of company Mr. Liu Jun, financial controller Ms. Sun Najuan and the charger of accounting department Ms. Sun Najuan made the statement: guarantee the truth, completeness of the financial report of the third quarter report.
Chapter II. Main financial dates and shareholder changes 2.1 Main accounting data and financial indicators
Whether the company needs to retroactively adjust or restate previous accounting data
[] Yes[V] No
Unit: Yuan
||||||||
|-|-|-|-|-|-|-|
||||||+/-comparing with the||
||current period||previous period||||
||||||previous period||
|Operating income(RMB)|3,078,785,798.86||3,298,167,332.49||-6.65%||
|Net profit attributable to shareholders of the|1,353,082,301.57||1,380,023,044.55||||
||||||-1.95%||
|listed company(Yuan)|||||||
|||+/-comparing|||||
||current period|with the||2019.01-.09||+/-(%) to period|
|||previous period|||||
|Turnover(RMB)|439,006,040.14|-20.34%||1,396,545,440.56||-14.11%|
|Net profit attributable to shareholders of the|-18,609,107.09|||-10,838,039.66|||
|||-1,001.38%||||-301.51%|
|listed company(RMB)|||||||
|Net profit attributable to the shareholders of|||||||
|the listed company and after deducting of|-21,897,768.34|1,820.19%||-15,704,197.56||484.96%|
|non-recurring gain/loss(RMB)|||||||
|Net Cash flow generated by business||||103,430,260.88|||
||--|--||||-27.17%|
|operation(RMB)|||||||
|Basic earnings per share(Yuan/share)|-0.046|-1,020.00%||-0.027||-307.69%|
|Diluted earnings per share(Yuan/share)|-0.046|-1,020.00%||-0.027||-307.69%|
|Net assets yield (%)|-1.40%|-16.40%||-0.80%||-39.80%|

Abnormal profit and loss items
√Applicable□Not applicable
Unit: Yuan
||||
|-|-|-|
|item|2019.01-.09|Explanation|
|Profit and loss on disposal of non-current assets (including write-off part|||
||1,247,643.07||
|of impairment provision for assets)|||
|Government subsidies included in current profits and losses(closely related|||
|to the business of the enterprise, except the government subsidies enjoyed|5,118,102.33||
|in accordance with the unified national standard or quota)|||
|Profits and losses relating to the debt restructure|-2,177,441.64||
|Other non-business income and expenditures other than the|||
||832,944.53||
|above|||
|Less: Influenced amount of income tax|155,090.39||
|total|4,866,157.90|--|

For the company according to the company information disclosure of securities for public issuance explanatory announcement no. 1 - non-recurring profit and loss "define non-recurring gains and losses as defined in the project, and put the company information disclosure of securities for public issuance explanatory announcement no. 1 - non-recurring profit and loss of non-recurring profit and loss items defined as listed in the current profits and losses of the project, should explain the reasons.
□Applicable√Inapplicable
During the reporting period of the company, there is no circumstance that the items listed in the explanatory announcement no. 1 on disclosure of information of companies publicly issuing securities are defined as the items of recurring gains and losses.
2.2. The statement of total number of shareholders and the first 10 shareholders of current shares in the end of the report period
1. The total number of common shareholders and preferred shareholders whose voting rights have been restored and the shareholding table of the top 10 shareholders
Unit: Share
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||||Reporting the total number of preferred shareholders||||||||
|Report the total number of common|||||||||||
||6,432||whose voting rights were restored at the end of the|||||||0|
|shareholders at the end of the period|||||||||||
||||period (if any)||||||||
|The situation of the first 10 shareholders of current shares|||||||||||
|||||Total shares|Non-current||Impawned or Frozen Shares||||
|Name|Nature|Ratio（%）|||||||||
|||||held|shares held||Status||Amount||
|Wafangdian Bearing GroupCorporation|State-ownedshareholder|60.61%||244,000,000|244,000,000||||||
|AKTIEBOLAGET SKF|Foreignshareholder|19.70%||79,300,000|||||||
|MerchantsSecurities Limited HongKong Company|State-ownedshareholder|1.79%||7,213,492|||||||
|Huang Junyue|Domesticshareholder|1.62%||6,528,768|||||||
|Hu Xiaofeng|Domesticshareholder|0.47%||1,879,277|||||||
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED|Foreignshareholder|0.35%||1,427,406|||||||
|Jin Yunhua|Domesticshareholder|0.27%||1,091,256|||||||
|Chen Haitao|Domesticshareholder|0.19%||750,996|||||||
|MAN,KWAI WING文贵荣|Foreign privateshareholder|0.18%||713,101|||||||
|Meng Qingliang|Domesticshareholder|0.17%||694,948|||||||
|The situation of the first 10 shareholders of current shares|||||||||||
|||||||Category of Shares|||||
|Name|Holding the number of listed shares in circulation||||||||||
|||||||Categories||Amount|||
|AKTIEBOLAGET SKF|79,300,000|||||B||||79,300,000|
|MerchantsSecurities Limited HongKong Company|7,213,492||||||||||
|||||||B||||7,213,492|
|Huang Junyue|6,528,768|||||B||||6,528,768|
|Hu Xiaofeng|1,879,277|||||B||||1,879,277|
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED|1,427,406||||||||||
|||||||B||||1,427,406|
|Jin Yunhua|1,091,256|||||B||||1,091,256|
|Chen Haitao|750,996|||||B||||750,996|
|MAN,KWAI WING文贵荣|713,101|||||B||||713,101|
|Meng Qingliang|694,948|||||B||||694,948|
|Zhou Lin|575,100|||||B||||575,100|
|Notes to relationship or “action in|There was no relationship and consistent activities between the first big shareholder and other||||||||||
|concert”among the top ten|shareholders or the top ten common stock holders; The relationship among other||||||||||
|shareholders.|shareholders, top ten circulation shareholders, top ten circulation shareholders and other||||||||||
||shareholders was not clear.||||||||||

Chapter III. Important Items
3.1 The great changes incompany’s key financial statement, financial indicators, and the reasons
√Applicable□Not applicable
Unite:0000Yuan
|||||||
|-|-|-|-|-|-|
|No.|Items|End ofperiod|Beginning period|+/-(%) toperiod|Explanation|
|1|Other receivables|3,271|9,226|-64.55%|The subsidiary received the landpayment from the land reserve center inthis period|
|2|Payable taxes|488|724|-32.60%|It is basically should pay value added taxto fall than at the beginning of the year|
|3|Other payables|8141|13185|-38.26%|This period is mainly to pay the realestate development company|
|4|Financial assets measured at fair valueand recorded in the current profit andloss|0|30|-100.00%|This period is mainly recorded as"trading financial assets" according tothe new financial instruments standards.|
||Items|2019.1.1-9.30|Lastperiod|+/-(%) toperiod|Explanation|
|5|Impairment loss of assets (markedwith "-")|-55|1|-5600.00%|The main period is the write-off of badaccounts receivable|
|6|Non-operating cost|527|86|512.79%|The main reason is the year-on-yearincrease in debt restructuring losses|
|7|Income tax expenses|0|-28|-100.00%|Mainly the income tax refunded by thetax bureau in the same period last year|
|8|Net profit|-1084|538|-301.49%|This was mainly due to a decrease inoperating profit and an increase in netnon-operating expenses|
|9|Other cash received in connectionwith operating activities|6452|204|3062.75%|The subsidiary received the landpayment from the land reserve center inthis period|
|10|Tax payments|3235|5744|-43.68%|It is the value added tax that is handed inthis period and additional collect tax tofall greatly year on year|
|11|Other cash paid relating to operatingactivities|13847|7488|84.92%|It is the money that estate developmentcompany owes before current periodpays basically|
|12|Net cash received from disposal offixed assets, intangible assets andother long-term assets|306|161|90.06%|This is mainly the disposal of fixedassets received cash year-on-yearincrease|
|13|Cash paid to acquire fixed assets,intangible assets and other long-termassets|121|224|-45.98%|This period is mainly the purchase andconstruction of fixed assets to pay cashdecreased|
|14|Obtain the cash received from the loan|65,500|19,500|235.90%|Mainly by the impact of loans, so thatthis period to obtain loans received bythe cash increase|
|15|Other proceeds relating to financingactivities|16,195|44,379|-63.51%|Cash received through other means offinancing, such as discounting, waslower than the same period last year|
|16|Repayment of borrowings|62,000|36,706|68.91%|Mainly by the impact of loans, so thatthis period of repayment of the cash paidby the loan increased year-on-year|
|17|Effects of foreign exchange ratechanges on cash|44|80|-45.00%|Mainly by the current dollar deposit andexchange rate changes|

3.2 The situation of major items in progress and the analysis explanation on its effect and
resolved proposal.
□ Applicable√Not applicable
3.3 The company's actual controllers, shareholders, related parties, acquirers and the company promise that the relevant parties have overfulfilled their commitments during the reporting period.
□ Applicable√Not applicable
3.4 Portfolio investment.
□ Applicable√Not applicable
3.5 Entrust finance
□ Applicable√Not applicable
3.6 Derivatives investments
□ Applicable√Not applicable
3.7 Reception of investigations,communications,or interviews in the report period
||||||
|-|-|-|-|-|
|Time/date|Way|Type of visitors|Visitors|Index catalog|
|||||Understand the company’s|
|2019.07.18|Telephone communication|Private investor|Private investor||
|||||production and operation status|
|||||Understand the company’s|
|2019.08.20|Telephone communication|Private investor|Private investor||
|||||production and operation status|

 3.8 Violation of guaranty
□ Applicable√Not applicable
3.9 Controlling shareholders and their related parties' non-operational appropriation of funds for listed companies
□ Applicable√Not applicable
Chapter IV Financial report
I. financial statements
Consolidated Balance Sheet.
Establishment unit: Wafangdian Bearing Co., LTD
2019.09.30
Unit: RMB Yuan
||||
|-|-|-|
|Item|2019.9.30|2018.12.31|
|Current assets ：|||
|Monetary fund|200,492,612.57|247,229,860.99|
|Financial assets held-for-trading|283,516.65||
|Financial asset measured at FV and any change|||
|||298,925.16|
|recognized in income|||
|Bills receivable|97,242,607.67|93,624,563.82|
|Account receivable|1,073,715,762.24|1,141,632,991.76|
|Account paid in advance|21,991,016.70|21,885,856.45|
|Other receivables|32,708,158.77|92,255,736.14|
|Include:Interest receivable|||

||||
|-|-|-|
|Dividend reciivable|1,250,000.00|1,250,000.00|
|Inventory|766,533,203.97|747,511,054.75|
|Other current assets|10,001,176.61|14,184,383.36|
|Total current assets|2,202,968,055.18|2,358,623,372.43|
|Non-current assets|||
|Financial assets available-for-sale|2,000,000.00|2,000,000.00|
|Other equity instruments investment|9,926,856.64||
|Investment property|124,515,780.06|129,270,498.66|
|Fixed assets|599,407,729.71|661,598,663.85|
|Construction in progress|44,067,086.19|48,159,927.20|
|Intangible assets|83,291,163.35|85,667,085.86|
|Long-term prepaid expense|969,879.70|1,208,536.46|
|Deferred tax assets|11,639,248.03|11,639,248.03|
|Other non-current assets|||
|Total non-current assets|875,817,743.68|939,543,960.06|
|Total assets|3,078,785,798.86|3,298,167,332.49|
|Current liabilities:|||
|Short-term loan|655,000,000.00|620,000,000.00|
|Note payable|300,134,618.98|343,636,065.16|
|Accounts payable|591,295,618.32|714,437,792.49|
|Accounts received in advance|16,332,485.37|21,286,971.52|
|Accrued payroll|12,077,580.50|12,248,327.93|
|Tax payable|4,883,436.13|7,242,006.46|
|Other payables|81,412,244.69|131,854,654.39|
|Interest payable|177,000.00|748,135.28|
|Dividends payable|360,000.00|360,000.00|
|Other current liabilities|4,920,248.12|4,920,248.12|
|Total current liabilities|1,666,056,232.11|1,855,626,066.07|
|Non-current liabilities|||
|Long-term payables|396,698.98|396,698.98|
|Deferred income|58,413,694.05|61,284,650.74|
|Deferred tax liabilities|836,872.15|836,872.15|
|Other non-current liabilities|||
|Total non-current liabilities|59,647,265.18|62,518,221.87|
|Total liabilities|1,725,703,497.29|1,918,144,287.94|
|Owner’s equity (shareholders’ equity)|||
|Capital stock|402,600,000.00|402,600,000.00|
|Capital reserves|485,691,050.47|485,691,050.47|
|The special reserve|1,296.68||
|Surplus reserve|136,770,391.01|136,770,391.01|
|Undistributed profit|328,019,563.41|354,961,603.07|
|Total owner's equity attributable to the parent company|1,353,082,301.57|1,380,023,044.55|
|Minority interest|||
|Total owner’s equity|1,353,082,301.57|1,380,023,044.55|
|Total owner’s equity and liabilities|3,078,785,798.86|3,298,167,332.49|

 Chairman: Liu Jun General Accountant : Sun Najuan Accounting charger : Sun Najuan
2. Balance Sheet of Parent Company
Unit: RMB Yuan
||||
|-|-|-|
|Item|2019.9.30|2018.12.31|

||||
|-|-|-|
|Current assets ：|||
|Monetary fund|195,912,603.00|146,186,890.65|
|Financial assets held-for-trading|283,516.65||
|Financial asset measured at FV and any change|||
|||298,925.16|
|recognized in income|||
|Bills receivable|91,781,567.67|89,620,372.80|
|Account receivable|1,101,017,985.77|1,209,757,673.66|
|Account paid in advance|19,047,296.87|19,008,909.78|
|Other receivables|15,819,932.79|14,963,827.46|
|Include:Interest receivable|||
|Dividend receivable|1,250,000.00|1,250,000.00|
|Inventory|713,110,758.13|680,255,742.99|
|Other current assets|9,857,956.74|13,765,726.62|
|Total current assets|2,146,831,617.62|2,173,858,069.12|
|Non-current assets|||
|Financial assets available-for-sale|2,000,000.00|2,000,000.00|
|Long-term equity investment|211,583,897.67|211,583,897.67|
|Other equity instruments investment|9,926,856.64||
|Other non-current financial assets|||
|Investment property|109,266,007.73|113,277,687.13|
|Fixed assets|412,682,466.83|460,415,212.74|
|Construction in progress|43,449,337.09|47,699,459.65|
|Gas and petrol assets|||
|Intangible assets|65,824,258.25|67,683,392.22|
|Long-term prepaid expense|820,931.62|1,017,695.53|
|Deferred tax assets|10,350,000.00|10,350,000.00|
|Other non-current assets|||
|Total non-current assets|865,903,755.83|914,027,344.94|
|Total assets|3,012,735,373.45|3,087,885,414.06|
|Current liabilities|||
|Short-term loan|655,000,000.00|620,000,000.00|
|Note payable|300,134,618.98|343,636,065.16|
|Accounts payable|530,766,191.25|585,972,014.52|
|Accounts received in advance|18,368,171.84|21,976,484.62|
|Contract liability|||
|Accrued payroll|5,498,520.27|5,520,469.68|
|Tax payable|2,499,024.32|4,783,202.06|
|Other payables|58,442,078.81|50,471,992.39|
|Include:Interest payable|177,000.00|748,135.28|
|Dividends payable|360,000.00|360,000.00|
|Other current liabilities|3,869,474.53|3,869,474.53|
|Total current liabilities|1,574,578,080.00|1,636,229,702.96|
|Non-current liabilities|||
|Long-term borrowing|||
|Long-term account payable|296,698.98|296,698.98|
|Deferred income|26,801,001.08|29,671,957.77|
|Deferred tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|27,097,700.06|29,968,656.75|
|Total liabilities|1,601,675,780.06|1,666,198,359.71|

||||
|-|-|-|
|Owner’s equity (shareholders’ equity)|||
|Capital stock|402,600,000.0|0 402,600,000.00|
|Capital public reserves|485,678,443.2|6 485,678,443.26|
|Surplus reserve|136,770,391.0|1 136,770,391.01|
|Undistributed profit|386,010,759.1|2 396,638,220.08|
|Total owner’s equity|1,411,059,593.3|9 1,421,687,054.35|
|Total owner’s equity and liabilities|3,012,735,373.4|5 3,087,885,414.06|

 3. Consolidated Income Sheet of report period
Unit: RMB Yuan
||||
|-|-|-|
||Account for the|Account for the prior|
|Item|||
||current period|period|
|1.Total operating income|439,006,040.14|551,110,606.27|
|Operating revenue|439,006,040.14|551,110,606.27|
|Interest income|||
|2.Total operating cost|460,479,580.09|552,648,146.77|
|Operating cost|392,689,600.80|479,506,105.13|
|Interest expenses|||
|Tax & surcharges for main operations|3,229,267.98|3,191,912.75|
|Selling expenses|39,131,919.62|45,887,399.71|
|Administrative expense|15,443,009.53|11,729,374.05|
|Research and development expense|-1,499,471.71|939,128.63|
|Financial expense|11,485,253.87|11,394,226.50|
|Including: interest expenses|12,532,671.16|6,087,377.76|
|interest revenue|296,419.74|82,824.96|
|Add:Other income|1,276,624.47|1,874,410.48|
|Investment income(loss with "-")|||
|Net exposure hedging income (loss marked with "-")|0.00|0.00|
|Gains of change of fair value of assets(loss with"-")|-26,194.47|0.00|
|Credit impairment loss (marked with "-")|0.00|0.00|
|Assets impairment loss(loss with "-")|-553,124.31|196.91|
|Asset disposal income (loss with "-")|2,299,138.58|1,395,099.47|
|3.Operating profit (loss with"-")|-18,477,095.68|1,732,166.36|
|Add: Non-operating revenue|216,160.26|1,003,825.36|
|Less: Non-operating cost|348,171.67|671,479.82|
|4.Total profit(loss with"-")|-18,609,107.09|2,064,511.90|
|Less: Income tax expenses|0.00|0.00|
|5. Net profit(Loss with"-")|-18,609,107.09|2,064,511.90|
|(I) classification by business continuity|||
|(1) continuous operating net profit (net loss is marked with "-")|-18,609,107.09|2,064,511.90|
|(2) termination of net profit (net loss is marked with "-")|0.00|0.00|
|(II) classification by ownership|||
|Net profit attributable to shareholders of parent company|-18,609,107.09|2,064,511.90|
|Minority interests|||
|6.Net after-tax income of other comprehensive income|||

||||
|-|-|-|
|Net after-tax of other comprehensive|||
|income attributable to the owner of the parent company|0.00|0.00|
|(1) other comprehensive income that cannot be reclassified|||
||0.00|0.00|
|into profit or loss|||
|1. Re-measure the change amount of the defined benefit plan|||
|2. Other comprehensive income that cannot be transferred to|||
|profit or loss under the equity method|||
|3. Changes in the fair value of other equity instruments|||
|4. Changes in the fair value of the enterprise's own credit risk|||
|5. Other|||
|(2) other comprehensive income that will be reclassified into|||
||0.00|0.00|
|profits and losses|||
|1. Other comprehensive income that can be converted to profit|||
|or loss under the equity method|||
|2. Changes in the fair value of other debt investments|||
|3. Changes in fair value of financial assets available for sale|||
|4. The amount of financial assets reclassified into other|||
|comprehensive income|||
|5. Reclassify the investment from hold to maturity into profit|||
|and loss of financial assets available for sale|||
|6. Provisions for credit impairment of other credit investments|||
|7. Cash flow hedge reserve|||
|8. Translation difference in foreign currency financial|||
|statements|||
|9. Other|||
|Net after-tax of other comprehensive income attributable to|||
|minority shareholders|||
|7. Total comprehensive returns|-18,609,107.09|2,064,511.90|
|Total comprehensive returns available for parent company|-18,609,107.09|2,064,511.90|
|Total comprehensive returns available for minority|||
|shareholders|||
|8.Earnings per share|||
|(1) Basic earnings per share|-0.046|0.005|
|(2) Diluted earnings per share|-0.046|0.005|

 Chairman: Liu Jun General Accountant : Sun Najuan Accounting charger: Sun Najuan 4. Income Sheet of Parent Company of report period
Unit: RMB Yuan
||||
|-|-|-|
||Account for the|Account for the prior|
|Item|||
||current period|period|
|1.Total operating income|442,980,205.34|557,363,515.51|
|Less:Total operating cost|398,437,815.98|490,241,710.54|
|Tax & surcharges for main operations|2,545,396.70|2,340,547.68|
|Selling expenses|38,754,374.03|45,294,704.26|
|Administrative expense|10,067,650.65|6,048,699.33|

||||
|-|-|-|
|Research and development expense|-1,715,268.54|656,842.79|
|Financial expense|11,490,232.41|8,873,989.26|
|Including: interest expenses|12,532,671.16|11,390,790.08|
|interest revenue|288,806.94|77,702.17|
|Add:Other income|1,276,624.47|1,674,410.48|
|Investment income(loss with "-")|||
|Among them: the investment income of joint venture and joint|||
|venture|||
|Income from the termination of a financial asset measured at|||
|amortized cost (loss marked with "-")|||
|Net exposure hedge gain (loss marked with "-")|||
|Fair value change income (loss marked with "-")|-26,194.47||
|Credit impairment loss (marked with "-")|||
|Impairment loss of assets (marked with "-")|-553,124.31|196.91|
|Income from asset disposal (loss marked with "-")|2,299,138.58|1,395,099.47|
|2.Operating profit (loss with"-")|-13,603,551.62|6,976,728.51|
|Add: Non-operating revenue|28,711.08|913,854.60|
|Less: Non-operating cost|300,392.87|3,193,821.99|
|3.Total profit(loss with"-")|-13,875,233.41|4,696,761.12|
|Less: Income tax expenses||-279,426.81|
|4. Net profit(Loss with"-")|-13,875,233.41|4,696,761.12|
|(I) continuous operating net profit (net loss is marked with "-")|-13,875,233.41|4,696,761.12|
|(2) termination of net profit (net loss is marked with "-")|||
|5.Net after-tax income of other comprehensive income|||
|(1) other comprehensive income that cannot be reclassified into|||
||0.00|0.00|
|profit or loss|||
|1. Re-measure the change amount of the defined benefit plan|||
|2. Other comprehensive income that cannot be transferred to profit|||
|or loss under the equity method|||
|3. Changes in the fair value of other equity instruments|||
|4. Changes in the fair value of the enterprise's own credit risk|||
|5. Other|||
|(2) other comprehensive income that will be reclassified into profits|||
||0.00|0.00|
|and losses|||
|1. Other comprehensive income that can be converted to profit or|||
|loss under the equity method|||
|2. Changes in the fair value of other debt investments|||
|3. Changes in fair value of financial assets available for sale|||
|4. The amount of financial assets reclassified into other|||
|comprehensive income|||
|5. Reclassify the investment from hold to maturity into profit and|||
|loss of financial assets available for sale|||
|6. Provisions for credit impairment of other credit investments|||
|7. Cash flow hedge reserve|||
|8. Translation difference in foreign currency financial statements|||
|9. Other|||
|6.Total comprehensive returns|-13,875,233.41|4,696,761.12|
|7.Earnings per share|||
|(1) Basic earnings per share|-0.034|0.012|
|(2) Diluted earnings per share|-0.034|0.012|

5. Consolidated Income Sheet from the beginning of the year to the end of report period Unit: RMB Yuan
||||
|-|-|-|
||Account for the current|Account for the prior|
|Item|||
||period|period|
|1.Total operating income|1,396,545,440.56|1,625,978,587.95|
|Including: Operating revenue|1,396,545,440.56|1,625,978,587.95|
|Interest income|||
|2.Total operating cost|1,411,836,195.69|1,629,854,519.07|
|Including: Operating cost|1,218,537,979.05|1,419,252,676.26|
|Interest expenses|||
|Handling charge and commission income|||
|Tax & surcharges for main operations|10,745,294.41|11,784,015.67|
|Selling expenses|106,227,844.41|116,626,971.34|
|Administrative expense|44,408,231.61|42,299,686.24|
|Research and development expense|4,459,316.43|4,444,519.93|
|Financial expense|27,457,529.78|35,446,649.63|
|Including: interest expenses|27,216,873.43|20,852,733.18|
|interest revenue|1,272,774.23|428,703.33|
|Add:Other income|5,118,102.33|4,029,838.63|
|Investment income(loss with "-")|||
|Fair value change income (loss marked with|||
||-15,408.51||
|"-")|||
|Credit impairment loss (marked with "-")|||
|Impairment loss of assets (marked with "-")|-553,124.31|12,983.76|
|Income from asset disposal (loss marked with|||
||1,248,982.39|1,638,595.29|
|"-")|||
|3.Operating profit (loss with"-")|-9,492,203.23|1,805,486.56|
|Add: Non-operating revenue|3,925,508.11|4,151,029.64|
|Less: Non-operating cost|5,271,344.54|857,450.99|
|4.Total profit(loss with"-")|-10,838,039.66|5,099,065.21|
|Less: Income tax expenses||-279,426.81|
|5. Net profit(Loss with"-")|-10,838,039.66|5,378,492.02|
|(i) according to the business continuity classification|||
|1. Net profit from continuing operations (net loss marked|||
||-10,838,039.66|5,378,492.02|
|with "-")|||
|2. Termination of net profit (net loss marked with|||
|"-")|||
|(ii) classification according to ownership|||
|1. Net profit attributable to the owner of the parent|||
||-10,838,039.66|5,378,492.02|
|company|||
|2. Profit and loss of minority shareholders|||
|6. Net after tax of other comprehensive income|||
|Net after tax of other comprehensive income|||
||0.00|0.00|
|attributable to the parent company owner|||
|(i) other comprehensive income that cannot be|||
||0.00|0.00|
|reclassified into profit or loss|||
|(ii) other comprehensive income that will be|||
||0.00|0.00|
|reclassified into profits and losses|||
|Net after tax of other comprehensive income|||
|attributable to minority shareholders|||
|7.Total comprehensive income|-10,838,039.66|5,378,492.02|
|Aggregate income attributable to the owner of the|||
||-10,838,039.66|5,378,492.02|
|parent company|||
|The total amount of comprehensive income|||

||||
|-|-|-|
|attributable to minority shareholders|||
|8. Earnings per share:|||
|(1) Basic earnings per share|-0.027|0.013|
|(2) Diluted earnings per share|-0.027|0.013|

 Chairman: Liu Jun General Accountant : Sun Najuan Accounting charger: Sun Najuan 6. Income Sheet of Parent Company from the beginning of the year to the end of report period
Unit: RMB Yuan
||||
|-|-|-|
||Account for the current||
|||Account for the prior|
|Item|||
||period|period|
|1.Total operating income|1,410,078,666.87|1,613,323,464.18|
|Less: Operating cost|1,235,702,069.15|1,419,411,734.27|
|Tax & surcharges for main operations|8,659,794.83|9,468,098.04|
|Selling expenses|104,993,425.56|114,630,572.97|
|Administrative expense|28,855,252.33|25,912,696.08|
|Research and development expense|3,667,009.23|3,719,984.09|
|Financial expense|27,470,214.75|27,251,162.67|
|Including: interest expenses|27,216,873.43|28,436,819.16|
|interest revenue|1,249,109.18|411,325.99|
|Add:Other income|5,118,102.33|3,601,288.42|
|Investment income(loss with "-")|||
|Fair value change income (loss marked with|||
||-15,408.51||
|"-")|||
|Credit impairment loss (marked with "-")|||
|Impairment loss of assets (marked with "-")|-553,124.31|12,983.76|
|Income from asset disposal (loss marked with|||
||2,302,730.32|1,638,595.29|
|"-")|||
|2.Operating profit (loss with"-")|7,583,200.85|18,182,083.53|
|Add: Non-operating revenue|3,052,558.93|3,675,443.24|
|Less: Non-operating cost|5,159,220.74|9,049,153.40|
|3.Total profit(loss with"-")|5,476,539.04|12,808,373.37|
|Less: Income tax expenses||-279,426.81|
|4. Net profit (net loss marked with "-")|5,476,539.04|13,087,800.18|
|(1) net profit from continuing operations (net loss marked|||
||5,476,539.04|13,087,800.18|
|with "-")|||
|(2) termination of net profit (net loss marked with "-")|||
|5. Net after tax of other comprehensive income|||
|(1) other comprehensive income that cannot be|||
||0.00|0.00|
|reclassified into profit or loss|||
|(2) other comprehensive income that will be reclassified|||
||0.00|0.00|
|into profits and losses|||
|6. Total comprehensive returns|5,476,539.04|13,087,800.18|
|7.Earnings per share|||
|(1) Basic earnings per share|0.014|0.033|
|(2) Diluted earnings per share|0.014|0.033|

7. Consolidated cash flow statements from the beginning of the year to the end of the
reporting period
Unit: RMB yuan
||||
|-|-|-|
||Account for the current||
|||Account for|
|Item|||
||period|the prior period|
|1.Cash from operating activities|||
|Cash received from sale of goods or rendering of|||
||789,897,120.71|797,620,577.70|
|services|||
|Other cash received relating to operating activities|64,515,982.94|2,043,645.29|
|Sub-total of cash inflows|854,413,103.65|799,664,222.99|
|Cash paid for goods and services|389,035,199.67|345,021,875.48|
|Cash paid to or on behalf of the employees|191,124,806.06|180,314,329.96|
|Tax payments|32,354,992.08|57,435,553.57|
|Other cash paid relating to operating activities|138,467,844.96|74,876,193.38|
|Sub-total of cash outflows|750,982,842.77|657,647,952.39|
|Net cash flows from operating activities|103,430,260.88|142,016,270.60|
|2.Cash flows from investing activities：|||
|Cash received from return of investment|||
|Cash received from investment incomes|||
|Net cash received from disposal of fixed assets, intangible|||
||3,056,908.99|1,609,692.00|
|assets and other long-term assets|||
|Proceeds from sale of subsidiaries and other operating|||
|units|||
|Other cash received relating to investing activities|||
|Sub-total of cash inflows|3,056,908.99|1,609,692.00|
|Cash paid to acquire fixed assets, intangible assets and|||
||1,205,036.75|2,235,975.45|
|other long-term assets|||
|Cash paid to acquire investment|||
|Sub-total of cash outflows|1,205,036.75|2,235,975.45|
|Net cash flows from investment activities|1,851,872.24|-626,283.45|
|3.Cash flows from financing activities|||
|Cash received from absorbing investment|||
|Including: Cash received from increase in minority|||
|interest|||
|Proceeds from borrowings|655,000,000.00|195,000,000.00|
|Other proceeds relating to financing activities|161,952,643.52|443,790,094.34|
|Sub-total of cash inflows|816,952,643.52|638,790,094.34|
|Repayment of borrowings|620,000,000.00|367,064,872.18|
|Distribution of dividends or profits & interest expenses|36,737,017.54|28,364,910.70|
|Including: dividends or profit paid to minority interest|||
|Cash paid for other financing activities|339,171,642.10|344,908,190.83|
|Sub-total of cash outflows|995,908,659.64|740,337,973.71|
|Net cash flows from financing activities|-178,956,016.12|-101,547,879.37|
|4. Effects of foreign exchange rate changes on cash|437,427.38|795,035.86|
|5.Net increases in cash and cash equivalents|-73,236,455.62|40,637,143.64|
|Add: cash and cash equivalent, at the beginning of year|188,431,805.23|58,043,497.54|
|6.Cash and cash equivalent at the end of the year|115,195,349.61|98,680,641.18|

 8. Parent company's cash flow statement from the beginning of the year to the end of the reporting period
Unit: RMB yuan
||||
|-|-|-|
||Account for the current||
|||Account for|
|Item|||
||period|the prior period|
|1.Cash from operating activities|||

||||
|-|-|-|
|Cash received from sale of goods or rendering of services|1,440,364,966.98|707,941,476.71|
|Refund of taxes and fares|||
|Other cash received relating to operating activities|4,538,693.29|1,676,761.98|
|Sub-total of cash inflows|1,444,903,660.27|709,618,238.69|
|Cash paid for goods and services|906,281,861.58|307,697,841.80|
|Cash paid to or on behalf of the employees|160,425,249.94|144,747,587.40|
|Tax payments|24,110,721.14|46,478,616.45|
|Other cash paid relating to operating activities|73,010,222.44|68,308,159.32|
|Sub-total of cash outflows|1,163,828,055.10|567,232,204.97|
|Net cash flows from operating activities|281,075,605.17|142,386,033.72|
|2.Cash flows from investing activities|||
|Cash received from return of investment|||
|Cash received from investment incomes|||
|Net cash received from disposal of fixed assets, intangible|||
||3,056,908.99|1,609,692.00|
|assets and other long-term assets|||
|Proceeds from sale of subsidiaries and other operating|||
|units|||
|Other cash received relating to investing activities|||
|Sub-total of cash inflows|3,056,908.99|1,609,692.00|
|Cash paid to acquire fixed assets, intangible assets and|||
||1,210,974.75|2,202,525.45|
|other long-term assets|||
|Cash paid to acquire investment|||
|Net cash used in acquiring subsidiaries and other|||
|operating units|||
|Other cash paid relating to investing activities|||
|Sub-total of cash outflows|1,210,974.75|2,202,525.45|
|Net cash flows from investment activities|1,845,934.24|-592,833.45|
|3.Cash flows from financing activities|||
|Cash received from absorbing investment|||
|Proceeds from borrowings|655,000,000.00|195,000,000.00|
|Other proceeds relating to financing activities|80,712,230.00|443,790,094.34|
|Sub-total of cash inflows to financing activities|735,712,230.00|638,790,094.34|
|Repayment of borrowings|620,000,000.00|367,064,872.18|
|Distribution of dividends or profits & interest|||
||36,737,017.54|28,364,283.89|
|expenses|||
|Cash paid for other financing activities|339,171,642.10|344,908,190.83|
|Sub-total of cash outflows to financing activities|995,908,659.64|740,337,346.90|
|Net cash flows from financing activities|-260,196,429.64|-101,547,252.56|
|4. Effects of foreign exchange rate changes on cash|437,427.38|795,035.86|
|5.Net increases in cash and cash equivalents|23,162,537.15|41,040,983.57|
|Add: cash and cash equivalent, at the beginning of year|87,388,834.89|54,083,755.28|
|6.Cash and cash equivalent at the end of the year|110,551,372.04|95,124,738.85|

 II. Explanation of adjustment of financial statements
1. Implement new financial instrument standards, new income standards or new leasing standards from 2019 to adjust the implementation of relevant items in the financial statements at the beginning of the year□Applicable√Inapplicable
1. Description of preliminary comparative data of retroactive adjustment for the implementation of new financial instrument standards or new lease standards from 2019
□Applicable√Inapplicable
III.Audited report
Whether the third quarter report is audited
□Yes√No