Sino Great Wall Co., Ltd. The Third Quarterly Report 2018 Sino Great Wall Co., Ltd.
The Third Quarterly Report 2018
October 2018
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018 1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company hereby guarantees that there are no misstatement, misleading representation or important omissions in this report and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof. All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Chen Lue, Person in charge of the Company, Mr.Tang Xianyong, Chief financial officer and the Mr. Tang Xianyong, the person in charge of the accounting department (the person in charge of the accounting )hereby confirm the authenticity and completeness of the financial report enclosed in this Quarterly Report.
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018 II. Basic information about the company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes√ No
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||As at the end of the||||||Changed （%）over end of||
||||||As at the end of last year|||||
|||reporting period||||||prev. year||
|Gross assets（Yuan）|10,995,887,423.35|||11,667,845,186.30||||-5.76%||
|Net assets attributable to the|2,085,798,371.28|||2,151,482,467.52||||||
|shareholders of the listed||||||||-3.05%||
|company（Yuan）||||||||||
||||||||Between beginning|||
||||Increase/decrease|||||||
||||||||of the year to the||Changed （%）over|
|||Reporting period|over the same period|||||||
||||||||end of the report||end of prev. year|
||||of last year（%）|||||||
||||||||period|||
|Operating income（Yuan）|672,083,613.81||-59.52%|||2,259,055,189.05|||-51.78%|
|Net profit attributable to the|-118,516,821.76|||||25,482,633.97||||
|shareholders of the listed|||-183.55%||||||-93.79%|
|company（Yuan）||||||||||
|Net profit after deducting of||||||||||
|non-recurring gain/loss||||||||||
|||-144,157,168.16|-201.54%||||-178,741,907.03||-143.93%|
|attributable to the shareholders||||||||||
|of listed company（Yuan）||||||||||
|Cash flow generated by business||||||1,287,313,317.95||||
|||--|--||||||263.90%|
|operation, net（Yuan）||||||||||
|Basic earning per|-0.0698|||||0.0150||||
||||-183.59%||||||-93.75%|
|share(Yuan/Share)||||||||||
|Diluted gains per|-0.0698|||||0.0150||||
||||-183.59%||||||-93.75%|
|share(Yuan/Share)||||||||||
|Weighted average income/asset||||||||||
|||-5.52%|-12.61%||||1.20%||-20.29%|
|ratio（%）||||||||||

Items and amount of non-current gains and losses
√ Applicable□ Not applicable
In RMB yuan
||||
|-|-|-|
||Amount (Year-beginning to||
|Items|the end of the report|Notes|
||period.)||
|Non-current asset disposal gain/loss(including the write-off part|||
||-641,051.32||
|for which assets impairment provision is made)|||
|Income from the exceeding part between investment cost of the|||
|||Mainly due to the acquisition|
|Company paid for obtaining subsidiaries, associates and|||
||70,486,755.72|of Baden-Baden Hospital|
|joint-ventures and recognizable net assets fair value attributable|||
|||evaluation value-added|
|to the Company when acquiring the investment|||
|Net amount of non-operating income and expense except the|134,378,836.60|Mainly due to the Land|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|aforesaid items||compensation paid by Union|
|||Holdings|
|Total|204,224,541.00|--|

Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public-Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item.
□ Applicable√Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information disclosure explanatory Announcement No.1- Non–recurring gain/loss in the report period.
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period 1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the Shares Held by Top Ten Common Shareholders
In shares
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Total preference||||||
|||||||||shareholders with the voting||||||
||Total number of common|||||||||||||
||||||71,164|||power recovered at the end||||0||
||shareholders at the period-end|||||||||||||
|||||||||of the reporting period(if||||||
|||||||||any)||||||
||Shares held by the top 10 shareholders|||||||||||||
|||||||||||Amount of|Pledging or freezing|||
|||||||||||tradable shares||||
||Shareholder||Properties of||Share|||||||||
||||||||Quantity|||with|Status of the|||
||name||shareholder||proportion %||||||||Quantity|
|||||||||||Conditional|shares|||
|||||||||||held||||
|Chen Lue||DomesticNatural person||34.36%||583,454,556|||581,340,196|||||
||||||||||||freeze||583,454,556|
|STYLE-SUCCESS LIMITED||Foreign legalperson||5.47%||92,970,910||||||||
|UnionHoldings Co.,Ltd.||Domestic Non-State-ownedlegal person||5.18%||87,935,921||||||||
|He Feiyan||DomesticNatural person||3.23%||54,800,458|||54,800,458|||||
||||||||||||freeze||54,800,458|
|Jiutai Fund－Bank ofCommunications－JiutaiHuitong No.2specificcustomer assetmanagement||Other||2.50%||42,479,672|||42,479,672|||||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
|||||||||
|-|-|-|-|-|-|-|-|
|plan||||||||
|Rich CrownInvestment Co.,Ltd.||Foreign legalperson|1.37%||23,235,313|||
|Qinghai HeyiIndustryDevelopmentCo.,Ltd/||Domestic Non-State-ownedlegal person|0.79%||13,357,084|||
|||||||Pledge|13,357,000|
|Huang Huaian||DomesticNatural person|0.72%||12,288,800|||
|Li Guanping||DomesticNatural person|0.49%||8,236,700|||
|ZhengQianghui||DomesticNatural person|0.35%||6,000,026|||
||Shares held by the Top 10 Shareholders of Non-restricted shares|||||||
|||||Quantity of unrestricted shares held at the end of the||Share type||
||Name of the shareholder|||||||
|||||reporting period||Share type|Quantity|
|STYLE-SUCCESS LIMITED|||92,970,910|||Foreign shares||
|||||||placed in||
||||||||92,970,910|
|||||||domestic||
|||||||exchange||
|Union Holdings Co., Ltd.|||87,935,921|||RMB Common||
||||||||87,935,921|
|||||||shares||
|Rich Crown Investment Co., Ltd.|||23,235,313|||Foreign shares||
|||||||placed in||
||||||||23,235,313|
|||||||domestic||
|||||||exchange||
|Qinghai Heyi IndustryDevelopment Co.,Ltd/|||13,357,084|||RMB Common||
||||||||13,357,084|
|||||||shares||
|Huang Huaian|||12,288,800|||RMB Common||
||||||||12,288,800|
|||||||shares||
|Li Guanping|||8,236,700|||RMB Common||
||||||||8,236,700|
|||||||shares||
|Zheng Qianghui|||6,000,026|||RMB Common||
||||||||6,000,026|
|||||||shares||
|Chen Cheng|||6,000,000|||RMB Common||
||||||||6,000,000|
|||||||shares||
|Jiangxi Kangfu Real Estate Co.,Ltd.|||5,700,000|||RMB Common||
||||||||5,700,000|
|||||||shares||
|Chen Lihong|||4,775,760|||Foreign shares||
|||||||placed in||
||||||||4,775,760|
|||||||domestic||
|||||||exchange||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
|||
|-|-|
||The above shareholder Mr. Chen Lu and the shareholder Ms. He Feiyan are acting in|
|Explanation on associated||
||concert; the shareholder “Union Holdings Co., Ltd.”and the shareholder “Rich Crown|
|relationship or concerted action of||
||Investment Co., Ltd.”, whose controlling shareholder is “Union Development Group|
|the above shareholders||
||Co.,Ltd.”. whether the other shareholders have associated relations are unknown.|
|Note to the top 10 common||
|stockholders involved in margin||
||Nil|
|financing & securities lending (If||
|any)||

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 number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the report period
□ Applicable√Not applicable
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018 III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as reasons for the changes
√ Applicable□ Not applicable
||||||
|-|-|-|-|-|
|Items|This period/Year-endbalance|Same period of thepreviousyear/Year-beginningbalance|Changes %|Remarks on the change|
||||55.16%|Mainly due to the increase of companybill collection.|
|Notes receivable|447,177,239.41|288,201,562.88|||
||||87.55%|Mainly due to the merger of AcuraKliniken Baden-Baden GmbH|
|Fixed assets|327,340,997.07|174,537,150.56|||
||||-91.20%|Mainly due to installation of overseasequipment|
|Construction in progress|437,000.00|4,968,590.96|||
||||159.89%|Mainly due to the increase in short-termcapital borrowing.|
|Other account payable|1,395,803,754.30|537,070,684.98|||
|Non-current liability due in 1|||45.39%|Mainly due to the maturity of the loan inthe coming year.|
||1,192,851,267.22|820,422,471.45|||
|year|||||
||||-82.21%|Mainly due to the maturity of the loan inthe coming year.|
|Long-term Borrowing|150,000,000.00|843,092,471.02|||
||||98.92%|Mainly due to the merger of AcuraKliniken Baden-Baden GmbH|
|Deferred tax liability|51,894,878.61|26,088,961.71|||
||||-51.78%|Mainly for the national credit tightening,the tight capital led to the company'sbusiness contraction, the projectprogressed slowly.|
|Business income|2,259,055,189.05|4,685,207,526.32|||
|Business cost|1,970,673,537.82|3,657,257,165.36|-46.12%|Due to reduced operating income.|
||||202.71%|Due to the increased Long-term andshort-term borrowing.|
|Financial expenses|400,405,629.14|132,272,854.08|||
|Income tax expenses|7,699,247.03|81,101,852.86|-90.51%|Due to reduced profits.|
|Net cash flow generated by|||-263.90%|Mainly because the current payment isbetter.|
||1,287,313,317.95|-785,444,322.16|||
|operation activities|||||
|Net cash flow generated by|||-42.07%|Mainly due to reduced investment.|
||-351,491,732.24|-606,720,595.95|||
|investment activities|||||
|Net cash flow generated by|||-188.14%|Mainly due to the repayment of loans inthe current period.|
||-1,424,770,406.23|1,616,558,862.59|||
|financing activities|||||

II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
□ Applicable√ Not applicable
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018 III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer, directors, supervisors, senior executives or other related parties in the reporting period and commitments unfinished in implementation at the end of the reporting period
□ Applicable√ Not applicable
The company has no commitments completed in period and those without completed till lend of the period from actual controller, shareholders, related parties, purchaser and companies.
IV. Anticipation of Business Performance of 2018
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the same period of last year, and statement of causations.
□ Applicable√ Not applicable
V. Investment in securities
□ Applicable√ Not applicable
No securities investment in period.
VI. Entrusted Financial Management
□ Applicable√ Not applicable
No securities investment in period.
VII. Investment in derivatives
□ Applicable√Not applicable
There is no derivative investment during the report period.
VIII. The registration form of acceptance of investigation, communication and interview in the report period for future reference
□ Applicable√ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
IX. External guarantee get out of line
□ Applicable√Not applicable
The Company has no external guarantee get out of the line in the Period
X. Controlling shareholder and its related parties occupying non-business capital of the listed company□ Applicable√Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company in Period
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Preparedby：Sino Great Wall Co., Ltd.
September 30,2018
In RMB yuan
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|1,222,691,983.34|1,604,973,916.12|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial assets|||
|Notes receivable and account|||
||5,668,909,779.12|5,994,876,806.96|
|receivable|||
|Including： Notes receivable|447,177,239.41|288,201,562.88|
|Account receivable|5,221,732,539.71|5,706,675,244.08|
|Advance payment|246,095,408.35|225,208,527.88|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts|||
|receivable|||
|Other account receivable|1,180,185,927.08|1,674,675,360.28|
|Repurchasing of financial assets|||
|Inventories|748,555,829.35|556,839,325.50|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|15,868,715.23|17,126,911.05|
|Total of current assets|9,082,307,642.47|10,073,700,847.79|
|Non-current assets：|||
|Loans and payment on other’s behalf|||
|disbursed|||
|Available for sale of financial assets|10,338,500.00|10,338,500.00|
|Expired investment in possess|||
|Long-term receivable|16,780,123.46|14,328,557.82|
|Long term share equity investment|||
|Property investment|||
|Fixed assets|327,340,997.07|174,537,150.56|
|Construction in progress|437,000.00|4,968,590.96|
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|146,102,050.94|127,524,445.00|
|development expenses|||
|Goodwill|57,769,954.64|64,494,271.55|
|Long-germ expenses to be|||
||9,183,168.42|10,124,913.15|
|amortized|||
|Deferred income tax asset|116,582,099.44|118,233,337.36|
|Other non-current asset|1,229,045,886.91|1,069,594,572.11|
|Total of non-current assets|1,913,579,780.88|1,594,144,338.51|
|Total of assets|10,995,887,423.35|11,667,845,186.30|
|Current liabilities|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Short-term loans|2,409,540,278.76|3,477,200,420.55|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Notes payable and account payable|2,517,689,190.38|2,626,177,075.77|
|Advance receipts|125,579,343.25|146,379,852.67|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|60,753,902.81|21,911,542.07|
|Tax payable|475,002,266.80|357,445,477.71|
|Other account payable|1,395,803,754.30|537,070,684.98|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Liabilities held for sales|||
|Non-current liability due in 1 year|1,192,851,267.22|820,422,471.45|
|Other current liability||121,529,600.95|
|Total of current liability|8,177,220,003.52|8,108,137,126.15|
|Non-current liabilities：|||
|Long-term loan|150,000,000.00|843,092,471.02|
|Bond payable|345,000,000.00|345,000,000.00|
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|62,606,067.75|81,945,567.86|
|Long-term payable employee’s|||
|remuneration|||
|Expected liabilities|2,958,723.15|3,414,189.15|
|Deferred income|5,890,413.95||
|Deferred income tax liability|51,894,878.61|26,088,961.71|
|Other non-current liabilities|||
|Total non-current liabilities|618,350,083.46|1,299,541,189.74|
|Total of liability|8,795,570,086.98|9,407,678,315.89|
|Owners’ equity|||
|Share capital|1,698,245,011.00|1,698,245,011.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|-1,299,349,701.74|-1,299,349,701.74|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Less：Shares in stock|||
|Other comprehensive income|595,233.77|858,242.13|
|Special reserves|137,193,764.46|164,231,078.18|
|Surplus reserves|84,394,441.23|84,394,441.23|
|Common risk provision|||
|Retained profit|1,464,719,622.56|1,503,103,396.72|
|Total of owner’s equity belong to the|||
||2,085,798,371.28|2,151,482,467.52|
|parent company|||
|Minority shareholders’ equity|114,518,965.09|108,684,402.89|
|Total of owners’ equity|2,200,317,336.37|2,260,166,870.41|
|Total of liabilities and owners’ equity|10,995,887,423.35|11,667,845,186.30|

 Legal Representative: Chen Lue Person in charge ofaccounting：Tang Xianyong Accounting Dept Leader: Tang Xianyong 2.Parent Company Balance Sheet
In RMB yuan
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|243,505,951.54|407,959,304.60|
|Financial assets measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial assets|||
|Notes receivable and account receivable|||
|Including：Notes receivable|||
|Account receivable|||
|Advance payment||3,865,500.01|
|Other account receivable|2,806,035,781.56|3,690,967,483.22|
|Inventories|||
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset||2,175,646.45|
|Total of current assets|3,049,541,733.10|4,104,967,934.28|
|Non-current assets：|||
|Available for sale of financial assets|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|3,311,211,536.66|3,311,211,536.66|
|Property investment|||
|Fixed assets|44,308.72|52,246.48|
|Construction in progress|||
|Production physical assets|||
|Gas & petrol|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Intangible assets|||
|Development expenses|||
|Goodwill|||
|Long-germ expenses to be amortized|2,216,225.79|168,284.84|
|Deferred income tax asset|||
|Other non-current asset|787,328,020.00|550,524,570.00|
|Total of non-current assets|4,100,800,091.17|3,861,956,637.98|
|Total of assets|7,150,341,824.27|7,966,924,572.26|
|Current liabilities|||
|Short-term loans|1,541,182,123.93|2,287,870,000.00|
|Financial liabilities measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial liabilities|||
|Notes payable and account payable|388,227,578.11|537,227,578.11|
|Advance receipts|||
|Employees’ wage payable|4,533,410.16|1,580,335.12|
|Tax payable|94,478,087.53|97,124,633.81|
|Other account payable|990,089,993.91|392,422,663.75|
|Classified as held for sale debt|||
|Non-current liability due in 1 year|1,176,250,000.00|700,000,000.00|
|Other current liability|||
|Total of current liability|4,194,761,193.64|4,016,225,210.79|
|Non-current liabilities：|||
|Long-term loan||800,000,000.00|
|Bond payable|100,000,000.00|100,000,000.00|
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Long-term payable to employees|||
|Expected liabilities|||
|Deferred income|||
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total of Non-current liabilities|100,000,000.00|900,000,000.00|
|Total of liability|4,294,761,193.64|4,916,225,210.79|
|Owners’ equity|||
|Share capital|1,698,245,011.00|1,698,245,011.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|1,237,956,472.37|1,237,956,472.37|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Less：Shares in stock|||
|Other comprehensive income|||
|Special reserves|||
|Surplus reserves|26,309,287.00|26,309,287.00|
|Retained profit|-106,930,139.74|88,188,591.10|
|Total of owners’ equity|2,855,580,630.63|3,050,699,361.47|
|Total of liabilities and owners’ equity|7,150,341,824.27|7,966,924,572.26|

 3.Consolidated Income statement of the Report period
In RMB yuan
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Total revenue|672,083,613.81|1,660,125,169.52|
|Incl：Business income|672,083,613.81|1,660,125,169.52|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|942,438,139.46|1,477,429,530.55|
|Incl：Business cost|658,461,435.36|1,337,658,549.60|
|Interest expenses|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Net amount provided as insurance|||
|contract reserves|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|745,870.79|444,136.65|
|Sales expense|1,941,491.70|5,186,848.41|
|Administrative expense|57,216,694.51|81,317,075.77|
|R & D expenses|||
|Financial expenses|222,017,931.24|21,120,082.82|
|Including：Interest cost|215,522,929.15|20,689,788.99|
|Interest income|3,343,599.29|1,807,822.57|
|Asset impairment loss|2,054,715.86|31,702,837.30|
|Add： Other gains|||
|Investment gain（“-”for loss）|||
|Incl: Investment gains from affiliates|||
|Fair value change income|||
|Gains from currency exchange（“-”|||
||113,926,608.10|-13,227,051.60|
|for loss）|||
|Assets disposal income|||
|III. Operational profit（“-”for loss）|-156,427,917.55|169,468,587.37|
|Add ：Non-operational income|25,845,524.88|263,830.31|
|Less：Non-operational expenses|205,178.47|415,828.12|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|IV .Gross profit(“-”for loss)|-130,787,571.14|169,316,589.56|
|Less：Income tax expenses|-11,090,989.76|24,874,714.61|
|V. Net profit|-119,696,581.38|144,441,874.95|
|(1) Categorized by going concern|||
|(2) Termination of operating net|||
|profit|||
|Net profit attributable to the owners|||
||-118,516,821.76|141,854,355.89|
|of parent company|||
|Minority shareholders’ equity|-1,179,759.62|2,587,519.06|
|VI. After tax net amount of|||
|comprehensive income|||
|Net of profit of other comprehensive|||
|income attributable to owners of the|||
|parent company|||
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||
|1.Re-measurement of defined benefit|||
|plans of changes in net debt or net ass|||
|ets|||
|2.Other comprehensive income under|||
|the equity method investee can not b|||
|e reclassified into profit or loss.|||
|（II）|||
|Other comprehensive income that wil|||
|l be reclassified into profit or loss.|||
|1.Other comprehensive income under|||
|the equity method investee can be re|||
|classified into profit or loss.|||
|2.Gains and losses from changes in fa|||
|ir value available for sale financial as|||
|sets|||
|3.Held-to-maturity investments reclas|||
|sified to gains and losses of available|||
|for sale financial assets|||
|4.The effective portion of cash flow h|||
|edges and losses|||
|5.Translation differences in currency|||
|financial statements|||
|6.Other|||
|Net|||
|after-tax of other comprehensive inco|||
|me attributable to Minority|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|shareholders’ equity|||
|VII. Total comprehensive income|-119,696,581.38|144,441,874.95|
|Total comprehensive income|||
|attributable to the owner of the parent|-118,516,821.76|141,854,355.89|
|company|||
|Total comprehensive income|||
||-1,179,759.62|2,587,519.06|
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|-0.0698|0.0835|
|(II)Diluted earnings per share|-0.0698|0.0835|

 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Chen Lue Person in charge ofaccounting：Tang Xianyong Accounting Dept Leader: Tang Xianyong 4.Income statement of the Parent Company of the Report period
In RMB yuan
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Turnover|54,418.18|61,297.29|
|Less：Operation cost|0.00|0.00|
|Taxes and surcharge||34,225.74|
|Sales expenses||371,946.50|
|Administrative expenses|2,387,007.15|10,651,768.00|
|R & D cost|||
|Financial expenses|117,586,989.99|15,358,373.68|
|Including：Interest cost|121,102,703.51||
|Interest income|3,518,795.43||
|Impairment loss on assets|-1,355,806.96||
|Add：Other gains|||
|Investment gains(“-“for loss)|||
|Including: investment income from|||
|associates and joint ventures|||
|Fair value change income|||
|Assets disposal income|||
|II. Operational profit（“-”for loss）|-118,563,772.00|-26,355,016.63|
|Add ：Non-operational income|||
|Less：Non -operational expenses|||
|III.Gross profit(“-”for loss)|-118,563,772.00|-26,355,016.63|
|Less：Income tax expenses|||
|IV. Net profit|-118,563,772.00|-26,355,016.63|
|(1) Categorized by going concern|||
|(2) Termination of operating net|||
|profit|||
|V.After tax net amount of|||
|comprehensive income|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||
|1.Re-measurement of defined benefit|||
|plans of changes in net debt or net ass|||
|ets|||
|2.Other comprehensive income under|||
|the equity method investee can not b|||
|e reclassified into profit or loss.|||
|（ II ）|||
|Other comprehensive income that wil|||
|l be reclassified into profit or loss.|||
|1.Other comprehensive income under|||
|the equity method investee can be re|||
|classified into profit or loss.|||
|2.Gains and losses from changes in fa|||
|ir value available for sale financial as|||
|sets|||
|3.Held-to-maturity investments reclas|||
|sified to gains and losses of available|||
|for sale financial assets|||
|4.The effective portion of cash flow h|||
|edges and losses|||
|5.Translation differences in currency|||
|financial statements|||
|6.Other|||
|VI. Total comprehensive income|-118,563,772.00|-26,355,016.63|
|VII. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB yuan
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Total revenue|2,259,055,189.05|4,685,207,526.32|
|Including：Business income|2,259,055,189.05|4,685,207,526.32|
|Interest income|||
|Insurance fee earned|||
|Commission charge and commission|||
|income|||
|II. Total Business cost|2,583,757,816.17|4,142,505,782.67|
|Including：Business cost|1,970,673,537.82|3,657,257,165.36|
|Interest expense|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Commission chare and commission|||
|expense|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Insurance policy dividend paid|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|2,852,388.84|2,386,723.94|
|Sales expenses|18,463,113.78|23,281,434.80|
|Administrative expense|185,124,556.07|206,493,833.92|
|R & D cost|||
|Financial expenses|400,405,629.14|132,272,854.08|
|Including：Interest cost|390,129,337.03|117,091,144.72|
|Interest income|9,833,816.40|6,316,332.71|
|Asset impairment loss|6,238,590.52|120,813,770.57|
|Add：Other gains|||
|Investment gain（“-”for loss）|5,171,892.51||
|Including: investment income from|||
|associates and joint ventures|||
|Fair value change income|||
|Gains from currency exchange（“-”|||
||146,374,380.81|-41,886,089.93|
|for loss）|||
|Assets disposal income|||
|III. Operational profit（“-”for loss）|-173,156,353.80|500,815,653.72|
|Add ：Non-operational income|205,066,020.08|4,708,455.09|
|Less：Non-operational expenses|841,479.08|508,950.45|
|IV. Gross profit(“-”for loss)|31,068,187.20|505,015,158.36|
|Less：Income tax expenses|7,699,247.03|81,101,852.86|
|V. Net profit|23,368,940.17|423,913,305.50|
|(1) Categorized by going concern|||
|(2) Termination of operating net|||
|profit|||
|Net profit attributable to the owners|||
||25,482,633.97|410,460,805.92|
|of parent company|||
|Minority shareholders’ equity|-2,113,693.80|13,452,499.58|
|VI.After tax net amount of|||
||-263,008.36||
|comprehensive income|||
|Net of profit of other comprehensive|||
|income attributable to owners of the|-263,008.36||
|parent company|||
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|1.Re-measurement of defined benefit|||
|plans of changes in net debt or net ass|||
|ets|||
|2.Other comprehensive income under|||
|the equity method investee can not b|||
|e reclassified into profit or loss.|||
|（II）|||
|Other comprehensive income that wil|-263,008.36||
|l be reclassified into profit or loss.|||
|1.Other comprehensive income under|||
|the equity method investee can be re|||
|classified into profit or loss.|||
|2.Gains and losses from changes in fa|||
|ir value available for sale financial as|||
|sets|||
|3.Held-to-maturity investments reclas|||
|sified to gains and losses of available|||
|for sale financial assets|||
|4.The effective portion of cash flow h|||
|edges and losses|||
|5.Translation differences in currency|||
||-263,008.36||
|financial statements|||
|6.Other|||
|Net|||
|after-tax of other comprehensive inco|||
|me attributable to Minority|||
|shareholders’ equity|||
|VII. Total comprehensive income|23,105,931.81|423,913,305.50|
|Total comprehensive income|||
|attributable to the owner of the parent|25,219,625.61|410,460,805.92|
|company|||
|Total comprehensive income|||
||-2,113,693.80|13,452,499.58|
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.0150|0.24|
|(II)Diluted earnings per share|0.0150|0.24|

 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB 0.00, last period the combined party realized RMB0.00.
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period In RMB yuan
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Turnover|171,780.25|172,315.30|
|Less：Business cost|0.00|1,482.50|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Taxes and surcharge||278,916.40|
|Sales expenses|994,445.50|371,946.50|
|Administrative expense|20,291,125.45|21,228,860.07|
|R & D cost|||
|Financial expenses|198,992,446.79|52,725,808.24|
|Including：Interest cost|200,617,859.56||
|Interest income|3,944,055.45||
|Asset impairment loss|7,082,692.91|-57,423.85|
|Add：Other gains|||
|Investment gain（“-”for loss）|||
|Including: investment income from|||
|associates and joint ventures|||
|Fair value change income|||
|Assets disposal income|||
|II. Operational profit（“-”for loss）|-227,188,930.40|-74,377,274.56|
|Add ：Non-operational income|100,000,000.00||
|Less：Non-operational expenses|||
|III.Gross profit(“-”for loss)|-127,188,930.40|-74,377,274.56|
|Less：Income tax expenses|||
|IV. Net profit|-127,188,930.40|-74,377,274.56|
|(1) Categorized by going concern|||
|(2) Termination of operating net|||
|profit|||
|V.After tax net amount of|||
|comprehensive income|||
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||
|1.Re-measurement of defined benefit|||
|plans of changes in net debt or net ass|||
|ets|||
|2.Other comprehensive income under|||
|the equity method investee can not b|||
|e reclassified into profit or loss.|||
|（ II ）|||
|Other comprehensive income that wil|||
|l be reclassified into profit or loss.|||
|1.Other comprehensive income under|||
|the equity method investee can be re|||
|classified into profit or loss.|||
|2.Gains and losses from changes in fa|||
|ir value available for sale financial as|||
|sets|||
|3.Held-to-maturity investments reclas|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|sified to gains and losses of available|||
|for sale financial assets|||
|4.The effective portion of cash flow h|||
|edges and losses|||
|5.Translation differences in currency|||
|financial statements|||
|6.Other|||
|VI. Total comprehensive income|-127,188,930.40|-74,377,274.56|
|VII. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period In RMB yuan
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||2,813,614,672.80|3,177,253,209.09|
|rending of services|||
|Net increase of customer deposits|||
|and capital kept for brother company|||
|Net increase of loans from central|||
|bank|||
|Net increase of inter-bank loans from|||
|other financial bodies|||
|Cash received against original|||
|insurance contract|||
|Net cash received from reinsurance|||
|business|||
|Net increase of client deposit and|||
|investment|||
|Net increase of the financial assets|||
|that are measured at fair value and|||
|whose movement is counted to the|||
|current gain and loss|||
|Cash received as interest, processing|||
|fee and commission|||
|Net increase of inter-bank fund|||
|received|||
|Net increase of repurchasing business|||
|Tax returned|3,488,505.37|12,758,357.03|
|Other cash received from business|||
||3,926,123,995.63|3,245,486,770.66|
|operation|||
|Sub-total of cash inflow|6,743,227,173.80|6,435,498,336.78|
|Cash paid for purchasing of|2,518,844,052.72|2,823,791,162.98|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|merchandise and services|||
|Net increase of client trade and|||
|advance|||
|Net increase of savings n central bank|||
|and brother company|||
|Cash paid for original contract claim|||
|Cash paid for interest, processing|||
|fee and commission|||
|Cash paid for policy dividend|||
|Cash paid to staffs or paid for staffs|179,518,278.57|284,756,611.90|
|Taxes paid|77,150,857.45|175,356,391.05|
|Other cash paid for business activities|2,680,400,667.11|3,937,038,493.01|
|Sub-total of cash outflow from|||
||5,455,913,855.85|7,220,942,658.94|
|business activities|||
|Cash flow generated by business|||
||1,287,313,317.95|-785,444,322.16|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|||
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and|432,865.55||
|other long-term assets|||
|Net cash received from disposal of|||
||1,062,398.45||
|subsidiaries or other operational units|||
|Other investment-related cash|||
|received|||
|Sub-total of cash inflow due to|||
||1,495,264.00||
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets and|12,179,377.50|45,779,721.11|
|other long-term assets|||
|Cash paid as investment|376,429,730.78|517,381,774.84|
|Net increase of loan against pledge|||
|Net cash received from subsidiaries|||
||-35,622,112.04|43,559,100.00|
|and other operational units|||
|Other cash paid for investment|||
|activities|||
|Sub-total of cash outflow due to|||
||352,986,996.24|606,720,595.95|
|investment activities|||
|Net cash flow generated by|||
||-351,491,732.24|-606,720,595.95|
|investment|||
|III.Cash flow generated by financing|||

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Cash received as investment|490,000.00||
|Incl: Cash received as investment|||
|from minor shareholders|||
|Cash received as loans|1,255,509,245.00|4,026,537,500.00|
|Cash received from bond placing|||
|Other financing –related ash|||
|received|||
|Sub-total of cash inflow from|||
||1,255,999,245.00|4,026,537,500.00|
|financing activities|||
|Cash to repay debts|2,425,799,391.05|1,758,114,122.78|
|Cash paid as dividend, profit, or|||
||254,970,260.18|242,393,681.30|
|interests|||
|Incl: Dividend and profit paid by|||
|subsidiaries to minor shareholders|||
|Other cash paid for financing|||
|||409,470,833.33|
|activities|||
|Sub-total of cash outflow due to|||
||2,680,769,651.23|2,409,978,637.41|
|financing activities|||
|Net cash flow generated by financing|-1,424,770,406.23|1,616,558,862.59|
|IV. Influence of exchange rate|||
|alternation on cash and cash|-4,433,209.17|-8,154,660.05|
|equivalents|||
|V.Net increase of cash and cash|||
||-493,382,029.69|216,239,284.43|
|equivalents|||
|Add: balance of cash and cash|||
||647,222,590.49|943,705,322.41|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||153,840,560.80|1,159,944,606.84|
|equivalents at the end of term|||

8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period In RMB yuan
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||54,418.18|128,210.00|
|rending of services|||
|Tax returned|||
|Other cash received from business|||
||3,768,971,880.81|2,603,508,330.39|
|operation|||
|Sub-total of cash inflow|3,769,026,298.99|2,603,636,540.39|
|Cash paid for purchasing of|||
|merchandise and services|||
|Cash paid to staffs or paid for staffs|1,087,705.66|380,672.60|
|Taxes paid|1,012,663.31|366,621.64|
|Other cash paid for business activities|2,421,993,707.71|4,060,602,342.91|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|Sub-total of cash outflow from|||
||2,424,094,076.68|4,061,349,637.15|
|business activities|||
|Cash flow generated by business|||
||1,344,932,222.31|-1,457,713,096.76|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|||
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and|||
|other long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other operational units|||
|Other investment-related cash|||
|received|||
|Sub-total of cash inflow due to|||
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets||65,440.00|
|and other long-term assets|||
|Cash paid as investment|163,000,000.00|398,535,100.00|
|Net cash received from subsidiaries|||
|||5,000,000.00|
|and other operational units|||
|Other cash paid for investment|||
|activities|||
|Sub-total of cash outflow due to|||
||163,000,000.00|403,600,540.00|
|investment activities|||
|Net cash flow generated by|||
||-163,000,000.00|-403,600,540.00|
|investment|||
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|840,650,000.00|3,131,370,000.00|
|Cash received from bond placing|||
|Other financing –related ash|||
|received|||
|Sub-total of cash inflow from|||
||840,650,000.00|3,131,370,000.00|
|financing activities|||
|Cash to repay debts|1,909,087,876.07|980,000,000.00|
|Cash paid as dividend, profit, or|||
||170,194,670.62|204,306,306.50|
|interests|||
|Other cash paid for financing|||
|||60,833.33|
|activities|||
|Sub-total of cash outflow due to|2,079,282,546.69|1,184,367,139.83|

Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
||||
|-|-|-|
|financing activities|||
|Net cash flow generated by financing|-1,238,632,546.69|1,947,002,860.17|
|IV. Influence of exchange rate|||
|alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash|||
||-56,700,324.38|85,689,223.41|
|equivalents|||
|Add: balance of cash and cash|||
||99,547,899.86|168,691,344.34|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||42,847,575.48|254,380,567.75|
|equivalents at the end of term|||

II.Auditor‘s report
Whether the Q3 report is audited
□ Yes√ No
The Q3 Report is not audited.
Legal representative：Chen Lue Sino Great Wall Co., Ltd.
October 31,2018