Chengde Nanjiang Co., Ltd.
THE THIRD QUARTERLY REPORT FOR 2015
October 2015
Section I. Important Notes
Board of Directors and the Supervisory Committee of Chengde Nanjiang Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.
All directors of the Company are attended the Meeting for quarterly report deliberation.
Principal of the Company Zhao Yongsheng, Person in Charge of Accounting Works Zhao Yongsheng and Person in Charge of Accounting Organ (Accounting Officer) Liu Fengguo hereby confirm that the Financial Report of the Third Quarterly Report is authentic, accurate and complete.
Section II. Main accounting data and changes of shareholders I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not
□Yes√ No
||||||||
|-|-|-|-|-|-|-|
||Current period-end||Period-end of last year||Increase/decrease||
|Total assets(RMB)|614,936,432.32||642,501,296.47||-4.29%||
|Net assets attributable to|415,271,977.01||289,982,016.44||||
|shareholders of listed company|||||43.21%||
|(RMB)|||||||
|||||||Increase/decrease in|
|||Increase/decrease in|||||
|||||Year-begin to end of||comparison with|
||Current period|comparison with same|||||
|||||the Period||year-begin to|
|||period of last year|||||
|||||||Period-end of last year|
|Operating revenue (RMB)|107,993,371.65|-12.87%||465,813,996.25||36.69%|
|Net profit attributable to|1,742,667.13|||121,888,560.55|||
|shareholders of the listed company||-89.56%||||238.30%|
|(RMB)|||||||
|Net profit attributable to|||||||
|shareholders of the listed company|||||||
||2,511,802.22|139.89%||21,798,757.95||224.57%|
|after deducting non-recurring gains|||||||
|and losses(RMB)|||||||
|Net cash flow arising from||||16,481,722.11|||
||--|--||||116.79%|
|operating activities(RMB)|||||||
|Basic earnings per share|0.002|||0.173|||
|||-91.67%||||239.22%|
|(RMB/Share)|||||||
|Diluted earnings per share|0.002|||0.173|||
|||-91.67%||||239.22%|
|(RMB/Share)|||||||
|Weighted average ROE|0.42%|-6.61%||34.73%||18.91%|

 Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||end of the Period||
|Gains/losses from the disposal of non-current asset (including the|103,610,779.62|Earnings from land assets transfer|

||||
|-|-|-|
|write-off that accrued for impairment of assets)|||
|Other non-operating income and expenditure except for the|||
||-3,520,977.02||
|aforementioned items|||
|Total|100,089,802.60|--|

Concerning the extraordinary profit (gain)/loss defined byQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable√ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss.
II. Statement of the total shareholders and shares-held of top ten shareholders at end of the Period
1. Statement of the total common shareholders and shares-held of top ten common shareholders at end of the Period
In share
||||||||
|-|-|-|-|-|-|-|
|Total common shareholders in|||||||
|||19,555|||||
|reporting period-end|||||||
|Shares-held of top ten common shareholders|||||||
|||||Amount of|Number of share pledged/frozen||
||Nature of|Proportion of|Amount of shares||||
|Shareholders||||non-tradable|||
||shareholder|shares held|held||State of share|Amount|
|||||shares held|||
|Wang Dong|Domestic naturalperson|29.49%|208,324,800|208,324,800|||
|China EverbrightSecurities (HK)Limited|Foreign corporate|13.28%|93,833,093|0|||
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Foreign corporate|6.87%|48,524,062|0|||
|Chengde NorthIndustrialCorporation|Domesticnon-state ownedlegal person|2.62%|18,517,651|18,517,651|||
|Wang Zhengsong|Domestic naturalperson|1.89%|13,327,891|13,327,891|||

||||||||
|-|-|-|-|-|-|-|
|Wang Wensheng|Domestic naturalperson|1.03%|7,258,007|0|||
|Zhou Haihong|Domestic naturalperson|0.95%|6,708,495|0|||
|Li Tianyun|Domestic naturalperson|0.73%|5,158,000|0|||
|ShanghaiWanguo (H.K)Securities|Foreign corporate|0.71%|4,995,920|0|||
|Chen Yan|Domestic naturalperson|0.57%|4,023,256|0|||
|Tradable shares held by top 10 shareholders|||||||
||||||Type of shares||
|Shareholders||Amount of tradable shares held|||||
||||||Type|Amount|
|China Everbright Securities (HK)Limited||93,833,093|||Domestically||
||||||listed foreign|93,833,093|
||||||shares||
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED||48,524,062|||Domestically||
||||||listed foreign|48,524,062|
||||||shares||
|Wang Wensheng||7,258,007|||Domestically||
||||||listed foreign|7,258,007|
||||||shares||
|Zhou Haihong||6,708,495|||Domestically||
||||||listed foreign|6,708,495|
||||||shares||
|Li Tianyun||5,158,000|||Domestically||
||||||listed foreign|5,158,000|
||||||shares||
|Shanghai Wanguo (H.K) Securities||4,995,920|||Domestically||
||||||listed foreign|4,995,920|
||||||shares||
|Chen Yan||4,023,256|||Domestically||
||||||listed foreign|4,023,256|
||||||shares||
|Zhao Ziying||3,286,616|||Domestically||
||||||listed foreign|3,286,616|
||||||shares||
|VANGUARD TOTAL||3,182,875|||Domestically|3,182,875|

|||||
|-|-|-|-|
|INTERNATIONAL STOCK INDEXFUND||listed foreign||
|||shares||
|Peng Wei|2,978,525|Domestically||
|||listed foreign|2,978,525|
|||shares||
|Explanation on associated|The Company is unknown whether there exists associated relationship or belongs to|||
|relationship among the aforesaid|consistent actor regulated by “management method for acquisition of listed company” among|||
|shareholders|the above said shareholders.|||
|Explanation on shareholders||||
|involving margin business about top||||
||N/A|||
|ten common shareholders (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 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 of shareholders with preferred stock held and the top ten shareholdings in Period-end
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial indexes as well as reasons
√ Applicable□Not applicable
|||||||||
|-|-|-|-|-|-|-|-|
|1. Items of balance sheet||||||||
|Serial|Item|Closing balance|Opening balance|Changes|||Reasons|
|||||Amount||Ratio||
|1|Monetaryfund|79,966,390.15|36,998,545.17|42,967,844.98||116.13%|The house-selling money receivedin the Period increased|
|2|Accountreceivable|3,731,171.15|2,722,676.66|1,008,494.49||37.04%|Credit sale operation at period-endincreased|
|3|Account paidin advance|22,136,445.52|7,780,145.39|14,356,300.13||184.52%|The account paid in advance forengineering increased during thePeriod|
|4|Other accountreceivables|89,395,601.44|11,008,292.44|78,387,309.00||712.08%|The receivable account forgovernment landpurchasing-and-storage increasedin the Period|
|5|Other currentassets|7,496,677.69|24,131,851.80|-16,635,174.11||-68.93%|The tax paid in advance was closeto gains/losses|
|6|Intangibleassets|5,461,790.60|11,902,512.97|-6,440,722.37||-54.11%|The government landpurchasing-and-storage in thePeriod|
|7|Accountreceivable|21,665,650.35|10,425,920.41|11,239,729.94||107.81%|Procurement payment payable inthe Period|
|8|Accountreceived inadvance|95,689,012.56|290,954,152.81|-195,265,140.25||-67.11%|House account received inadvance was close to revenue|
|9|Otherpayables|46,586,448.33|14,624,828.17|31,961,620.16||218.54%|The intercourse funds received inthe period increased|
|2. Items of profit statement||||||||
|Serial|Item|This Period|Last period||Changes||Reasons|
||||||Amount|Ratio||
|1|Operationrevenue|465,813,996.25|340,773,707.74||125,040,288.51|36.69%|Real estate project close torevenue in the Period|
|2|Business taxand surcharge|23,682,943.35|175,909.40||23,507,033.95|13363.15%|Real estate project close torevenue in the Period|

||||||||
|-|-|-|-|-|-|-|
|3|Sales expense|1,834,389.20|2,863,009.15|-1,028,619.95|-35.93%|Marketing expenses declined inthe Period|
|4|Non-operationrevenue|104,095,952.29|59,203,175.73|44,892,776.56|75.83%|Earnings from land transferincreased in the Period|
|5|Income taxesexpenses|23,911,569.38|-23,637.85|23,935,207.23|101257.97%|The payable income tax increasedin the Period|
|3. Items of cash flow statement|||||||
|Serial|Item|This Period|Last period|Changes||Reasons|
|||||Amount|Ratio||
|1|Net cash flowarising fromoperatingactivities|16,481,722.11|-98,162,930.60|114,644,652.71|116.79%|The house-selling money receivedin the Period increased|
|2|Net cash flowarising frominvestmentactivities|26,486,122.87|48,710,324.62|-22,224,201.75|-45.63%|Account received from landtransfer decreased in the Perido|

II. Progress and influence of the main events as well as solution analysis specification
□ Applicable√ Not applicable
III. Commitments made by the Company or shareholders holding above5% shares of the Company in reporting period or made in previous period and extending to reporting period√ Applicable□Not applicable
|||||||
|-|-|-|-|-|-|
||Commitment||Dated for|Commitmen|Implementa|
|Commitments||Contents||||
||party||commitment|t term|tion|
|Share Merger||||||
|Reform||||||
|||1. Commitments in aspect of independency of listed||||
|||company: For the equity changes, that is||||
|||208,324,800 shares of Chengde Dalu Co., Ltd held by||||
|||Chen Rong was transfer, Wang Dong guarantee there||||
|||are no influence on the independent of employee,||||
|Commitments in||||||
|||financial, institution, business and integrity of assets||Duration of||
|report of|C o ntrolling||||Implementi|
|||of Chengde Dalu Co., Ltd. After transaction, Chengde|2012-04-24|the||
|acquisition or|shareholder||||ng|
|||Dalu Co., Ltd still has the ability of independent||Company||
|equity change||||||
|||operation and owes independent legal person, and||||
|||continues to owes the independency of institution,||||
|||assts, employees, production and financial. 2.||||
|||Commitments for horizontal competition: after||||
|||208,324,800 shares of Chengde Dalu Co., Ltd held by||||

||||||||
|-|-|-|-|-|-|-|
|||Chen Rong was transfer, Wang Dong guarantee there|||||
|||are no or potential horizontal competition between the|||||
|||Chengde Dalu Co., Ltd and Wang Dong and related|||||
|||parties of Wang Dong|||||
|||The performance compensation commitment: net|||||
|||profit (deducting non-recurring gains and losses) for|||||
|||2012, 2013, 2014 and 2015 for|Runhua Rural Water||||
|Commitments in||(Tianjin) International Trade Co., Ltd. Respectively||||Implementi|
||Controlling||||||
|assets||can’t be less than 306,300 Yuan, 904,000 Yuan,||2013-04-10|2012-2015|ng|
||shareholder||||||
|reorganization||1,500,000 Yuan and 3,400,000 Yuan. If the actual net||||normally|
|||profit is less than the promised, the controlling|||||
|||shareholders shall perform the obligations of profit|||||
|||compensation accordingly.|||||
|Commitment|||||||
|made during the|||||||
|IPO or refinancing|||||||
|Other|||||||
|commitments to|||||||
|minority|||||||
|shareholders of|||||||
|the Company|||||||
|Completed on|||||||
||Yes||||||
|time or not|||||||

IV. Estimation of operation performance for year of 2015
Estimation of 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 of reason
□Applicable √Not applicable
V. Particular about security investment
□ Applicable√ Not applicable
The Company had no security investment in Period.
VI. Explanation on equity of other listed company held
□ Applicable√ Not applicable
No security investment in Period.
VII. Particulars about derivatives investment
□ Applicable√ Not applicable
The Company had no derivatives investment in Period.
VIII. Registration form of receiving research, communication and interview in the report period
√ Applicable□Not applicable
|||||||
|-|-|-|-|-|-|
||||||Content discussed and|
|Date|Place|Way|Type|Object||
||||||documents provided|
||Securities||||Suspension condition of the|
|2015-07-23|department of the|Telephone|Personal|Investor|Company, no material|
||Company||||required|
||Securities||||Current situation of the|
|2015-09-17|department of the|Telephone|Personal|Investor|Company, no material|
||Company||||required|

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
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Chengde Nanjiang Co., Ltd.
2015-09-30
In RMB
||||
|-|-|-|
|Items|Balance at period-end|Balance at period-begin|
|Current assets:|||
|Monetary funds|79,966,390.15|36,998,545.17|
|Settlement provisions|||
|Capital lent|||
|Financial liability measured by fair value and with|||
|variation reckoned into current gains/losses|||
|Derivative financial liability|||
|Notes receivable|||
||3,731,171.15|2,722,676.66|
|Accounts receivable|||
|Accounts paid in advance|22,136,445.52|7,780,145.39|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|89,395,601.44|11,008,292.44|
|Purchase restituted finance asset|||
|Inventories|376,471,664.72|515,713,286.09|
|Divided into assets held for sale|||
|Non-current asset due within one year|||
|Other current assets|7,496,677.69|24,131,851.80|
|Total current assets|579,197,950.67|598,354,797.55|
|Non-current assets:|||
|Loans and payments on behalf|||
|Finance asset available for sales|||

||||
|-|-|-|
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|6,960,162.95|6,684,960.46|
|Investment property|||
|Fixed assets|10,432,800.50|10,294,681.90|
|Construction in progress|||
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|6,971.15|640,727.71|
|Oil and gas asset|||
|Intangible assets|5,461,790.60|11,902,512.97|
|Expense on Research and Development|||
|Goodwill|||
|Long-term expenses to be apportioned|6,841,167.73|8,588,027.16|
|Deferred income tax asset|834,223.19|834,223.19|
|Other non-current asset|5,201,365.53|5,201,365.53|
|Total non-current asset|35,738,481.65|44,146,498.92|
|Total assets|614,936,432.32|642,501,296.47|
|Current liabilities:|||
|Short-term loans|||
|Loan from central bank|||
|Absorbing deposit and interbank deposit|||
|Capital borrowed|||
|Financial liability measured by fair value and with|||
|variation reckoned into current gains/losses|||
|Derivative financial liability|||
|Notes payable|||
|Accounts payable|21,665,650.35|10,425,920.41|
|Accounts received in advance|95,689,012.56|290,954,152.81|
|Selling financial asset of repurchase|||
|Commission charge and commission payable|||
|Wage payable|6,120,756.72|6,233,580.16|
|Taxes payable|11,406,907.15|10,023,172.67|
|Interest payable|||

||||
|-|-|-|
|Dividend payable|||
|Other accounts payable|46,586,448.33|14,624,828.17|
|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 year|||
|Other current liabilities|||
|Total current liabilities|181,468,775.11|332,261,654.22|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|181,468,775.11|332,261,654.22|
|Owner’s equity:|||
|Share capital|706,320,000.00|706,320,000.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|459,871,788.64|456,470,388.64|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus public reserve|76,791,550.17|76,791,550.17|

||||
|-|-|-|
|Provision of general risk|||
|Retained profit|-827,711,361.80|-949,599,922.37|
|Total owner’s equity attributable to parent company|415,271,977.01|289,982,016.44|
|Minority interests|18,195,680.20|20,257,625.81|
|Total owner’s equity|433,467,657.21|310,239,642.25|
|Total liabilities and owner’s equity|614,936,432.32|642,501,296.47|

 Legal representative: Zhao Yongsheng
Person in charge of accounting works: Zhao Yongsheng
Person in charge of accounting institution: Liu Fengguo
2. Balance Sheet of parent company
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
||62,432,875.87|18,291,266.59|
|Monetary funds|||
|Financial liability measured by fair value and with|||
|variation reckoned into current gains/losses|||
|Derivative financial liability|||
|Notes receivable|||
|Accounts receivable|450,000.00||
|Account paid in advance|2,680,000.00|1,372,194.98|
|Interest receivable|||
|Dividends receivable|||
|Other receivables|14,456,391.08|16,638,184.13|
|Inventories|364,716,890.28|490,087,338.82|
|Divided into assets held for sale|||
|Non-current assets maturing within one year|||
|Other current assets|5,565,960.37|19,420,345.47|
|Total current assets|450,302,117.60|545,809,329.99|
|Non-current assets:|||
|Available-for-sale financial assets|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|157,284,836.37|157,284,836.37|
|Investment property|||
|Fixed assets|1,913,319.30|1,183,425.73|

||||
|-|-|-|
|Construction in progress|||
|Project materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil and natural gas assets|||
|Intangible assets|||
|Research and development costs|||
|Goodwill|||
|Long-term deferred expenses|140,889.64|172,589.80|
|Deferred income tax assets|750.00|750.00|
|Other non-current assets|||
|Total non-current assets|159,339,795.31|158,641,601.90|
|Total assets|609,641,912.91|704,450,931.89|
|Current liabilities:|||
|Short-term borrowings|||
|Financial liability measured by fair value and with|||
|variation reckoned into current gains/losses|||
|Derivative financial liability|||
|Notes payable|||
|Accounts payable|12,067,587.94|3,625,964.00|
|Accounts received in advance|79,295,162.55|277,140,032.59|
|Wage payable|-5,378.88|628.22|
|Taxes payable|1,575,803.62|49,975.30|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|285,273,498.71|243,993,740.20|
|Divided into liability held for sale|||
|Non-current liabilities due within 1 year|||
|Other current liabilities|||
|Total current liabilities|378,206,673.94|524,810,340.31|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||

||||
|-|-|-|
|Perpetual capital securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|378,206,673.94|524,810,340.31|
|Owners’ equity:|||
|Share capita|706,320,000.00|706,320,000.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|452,767,424.55|449,366,024.55|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus reserve|76,791,550.17|76,791,550.17|
|Retained profit|-1,004,443,735.75|-1,052,836,983.14|
|Total owner’s equity|231,435,238.97|179,640,591.58|
|Total liabilities and owner’s equity|609,641,912.91|704,450,931.89|

 3. Consolidated Profit Statement (this report period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|107,993,371.65|123,941,291.65|
|Including: Operating income|107,993,371.65|123,941,291.65|
|Interest income|||
|Insurance gained|||
|Commission charge and commission income|||
|II. Total operating cost|95,771,869.56|132,303,509.76|
|Including: Operating cost|84,234,941.60|124,972,799.23|
|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|5,929,190.33|-59,605.53|
|Sales expenses|516,169.32|1,116,742.37|
|Administration expenses|5,064,969.99|4,977,054.74|
|Financial expenses|26,598.32|1,296,518.95|
|Losses of devaluation of asset|||
|Add: Changing income of fair value(Loss is listed|||
|with “-”)|||
|Investment income (Loss is listed with “-”)|237,643.40|-55,909.46|
|Including: Investment income on affiliated|||
|company and joint venture|||
|Exchange income (Loss is listed with “-”)|||
|III. Operating profit (Loss is listed with “-”)|12,459,145.49|-8,418,127.57|
|Add: Non-operating income|19,621.03|24,365,707.35|
|Including: Disposal gains of non-current asset||21,005,400.00|
|Less: Non-operating expense|788,756.12|1,370,417.38|
|Including: Disposal loss of non-current asset|||
|IV. Total Profit (Loss is listed with “-”)|11,690,010.40|14,577,162.40|
|Less: Income tax expense|10,982,085.40||
|V. Net profit (Net loss is listed with “-”)|707,925.00|14,577,162.40|
|Net profit attributable to owner’s of parent company|1,742,667.13|16,698,152.14|
|Minority shareholders’ gains and losses|-1,034,742.13|-2,120,989.74|
|VI. Net after-tax of other comprehensive income|||
|Net after-tax of other comprehensive income|||
|attributable to owners of parent 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 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 available-for-sale financial assets|||
|3. Gains or losses arising from|||
|reclassification of held-to-maturity investment as|||
|available-for-sale financial assets|||
|4. The effect hedging portion of gains or|||
|losses arising from cash flow hedging instruments|||
|5. Translation differences arising on|||
|translation of foreign currency financial statements|||
|6. Other|||
|Net after-tax of other comprehensive income|||
|attributable to minority shareholders|||
|VII. Total comprehensive income|707,925.00|14,577,162.40|
|Total comprehensive income attributable to owners|||
||1,742,667.13|16,698,152.14|
|of parent Company|||
|Total comprehensive income attributable to|||
||-1,034,742.13|-2,120,989.74|
|minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.002|0.024|
|(ii) Diluted earnings per share|0.002|0.024|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party
Legal representative: Zhao Yongsheng
Person in charge of accounting works: Zhao Yongsheng
Person in charge of accounting institution: Liu Fengguo
4. Profit Statement of parent company (this report period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|78,382,617.45|298,332.72|
|Less: Operating cost|53,498,980.90|298,332.72|
|Operating tax and extras|5,867,010.50||

||||
|-|-|-|
|Sales expenses|20,290.00|184,781.10|
|Administration expenses|2,633,347.65|2,599,400.39|
|Financial expenses|-46,403.75|194,417.07|
|Losses of devaluation of asset|||
|Add: Changing income of fair value(Loss is listed|||
|with “-”)|||
|Investment income (Loss is listed with “-”)|||
|Including: Investment income on affiliated|||
|company and joint venture|||
|II. Operating profit (Loss is listed with “-”)|16,409,392.15|-2,978,598.56|
|Add: Non-operating income||24,281,444.10|
|Including: Disposal gains of non-current asset||21,005,400.00|
|Less: Non-operating expense|1,178,407.00|533,165.53|
|Including: Disposal loss of non-current asset|||
|III. Total Profit (Loss is listed with “-”)|15,230,985.15|20,769,680.01|
|Less: Income tax expense|1,616,711.09||
|IV. Net profit (Net loss is listed with “-”)|13,614,274.06|20,769,680.01|
|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 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|13,614,274.06|20,769,680.01|
|VII. Earnings per share:|||
|(i) Basic earnings per share|0.02|0.03|
|(ii) Diluted earnings per share|0.02|0.03|

 5. Consolidated profit statement (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|465,813,996.25|340,773,707.74|
|Including: Operating income|465,813,996.25|340,773,707.74|
|Interest income|||
|Insurance gained|||
|Commission charge and commission income|||
|II. Total operating cost|422,440,817.00|362,588,181.51|
|Including: Operating cost|379,938,918.56|343,116,036.53|
|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|23,682,943.35|175,909.40|
|Sales expenses|1,834,389.20|2,863,009.15|
|Administration expenses|16,745,696.81|15,169,482.60|
|Financial expenses|239,269.08|1,263,743.83|
|Losses of devaluation of asset|-400.00||
|Add: Changing income of fair value(Loss is listed|||
|with “-”)|||
|Investment income (Loss is listed with “-”)|275,202.49|65,487.42|

||||
|-|-|-|
|Including: Investment income on affiliated|||
|company and joint venture|||
|Exchange income (Loss is listed with “-”)|||
|III. Operating profit (Loss is listed with “-”)|43,648,381.74|-21,748,986.35|
|Add: Non-operating income|104,095,952.29|59,203,175.73|
|Including: Disposal gains of non-current asset|106,610,779.62|55,653,179.07|
|Less: Non-operating expense|4,006,149.69|5,674,494.08|
|Including: Disposal loss of non-current asset|||
|IV. Total Profit (Loss is listed with “-”)|143,738,184.34|31,779,695.30|
|Less: Income tax expense|23,911,569.38|-23,637.85|
|V. Net profit (Net loss is listed with “-”)|119,826,614.96|31,803,333.15|
|Net profit attributable to owner’s of parent company|121,888,560.55|36,029,302.24|
|Minority shareholders’ gains and losses|-2,061,945.59|-4,225,969.09|
|VI. Net after-tax of other comprehensive income|||
|Net after-tax of other comprehensive income|||
|attributable to owners of parent 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 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 available-for-sale financial assets|||
|3. Gains or losses arising from|||
|reclassification of held-to-maturity investment as|||
|available-for-sale financial assets|||
|4. The effect hedging portion of gains or|||
|losses arising from cash flow hedging instruments|||
|5. Translation differences arising on|||

||||
|-|-|-|
|translation of foreign currency financial statements|||
|6. Other|||
|Net after-tax of other comprehensive income|||
|attributable to minority shareholders|||
|VII. Total comprehensive income|119,826,614.96|31,803,333.15|
|Total comprehensive income attributable to owners|||
||121,888,560.55|36,029,302.24|
|of parent Company|||
|Total comprehensive income attributable to|||
||-2,061,945.59|-4,225,969.09|
|minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.173|0.051|
|(ii) Diluted earnings per share|0.173|0.051|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party
6. Profit Statement of parent company (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|314,809,355.99|4,366,378.34|
|Less: Operating cost|227,719,964.07|766,378.34|
|Operating tax and extras|23,566,674.58|198,000.00|
|Sales expenses|209,500.76|464,629.10|
|Administration expenses|9,353,453.99|7,478,437.27|
|Financial expenses|-105,812.02|539,116.73|
|Losses of devaluation of asset|||
|Add: Changing income of fair value(Loss is listed|||
|with “-”)|||
|Investment income (Loss is listed with “-”)|||
|Including: Investment income on affiliated|||
|company and joint venture|||
|II. Operating profit (Loss is listed with “-”)|54,065,574.61|-5,080,183.10|
|Add: Non-operating income||58,929,223.17|
|Including: Disposal gains of non-current asset||55,653,179.07|
|Less: Non-operating expense|4,055,616.13|4,757,165.53|
|Including: Disposal loss of non-current asset|||
|III. Total Profit (Loss is listed with “-”)|50,009,958.48|49,091,874.54|

||||
|-|-|-|
|Less: Income tax expense|1,616,711.09||
|IV. Net profit (Net loss is listed with “-”)|48,393,247.39|49,091,874.54|
|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 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|48,393,247.39|49,091,874.54|
|VII. Earnings per share:|||
|(i) Basic earnings per share|0.07|0.07|
|(ii) Diluted earnings per share|0.07|0.07|

 7. Consolidated Cash Flow Statement (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating activities:|||
|Cash received from selling commodities and|||
||290,981,255.51|493,464,533.91|
|providing labor services|||

||||
|-|-|-|
|Net increase of customer deposit and interbank|||
|deposit|||
|Net increase of loan from central bank|||
|Net increase of capital borrowed from other|||
|financial institution|||
|Cash received from original insurance contract fee|||
|Net cash received from reinsurance business|||
|Net increase of insured savings and investment|||
|Net increase of amount from disposal financial|||
|assets that measured by fair value and with variation|||
|reckoned into current gains/losses|||
|Cash received from interest, commission charge|||
|and commission|||
|Net increase of capital borrowed|||
|Net increase of returned business capital|||
|Write-back of tax received||1,326,925.90|
|Other cash received concerning operating activities|72,171,366.82|32,988,319.10|
|Subtotal of cash inflow arising from operating activities|363,152,622.33|527,779,778.91|
|Cash paid for purchasing commodities and|||
||223,026,143.92|522,817,068.09|
|receiving labor 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|7,794,384.63|5,693,324.00|
|Taxes paid|34,284,472.79|21,779,585.23|
|Other cash paid concerning operating activities|81,565,898.88|75,652,732.19|
|Subtotal of cash outflow arising from operating|||
||346,670,900.22|625,942,709.51|
|activities|||
|Net cash flows arising from operating activities|16,481,722.11|-98,162,930.60|
|II. Cash flows arising from investing activities:|||
|Cash received from recovering investment|||
|Cash received from investment income||171,000.00|

||||
|-|-|-|
|Net cash received from disposal of fixed,|||
||27,500,000.00|50,202,731.60|
|intangible and other long-term assets|||
|Net cash received from disposal of subsidiaries|||
|and other units|||
|Other cash received concerning investing activities|||
|Subtotal of cash inflow from investing activities|27,500,000.00|50,373,731.60|
|Cash paid for purchasing fixed, intangible and|||
||1,013,877.13|1,663,406.98|
|other long-term assets|||
|Cash paid for investment|||
|Net increase of mortgaged loans|||
|Net cash received from subsidiaries and other units|||
|obtained|||
|Other cash paid concerning investing activities|||
|Subtotal of cash outflow from investing activities|1,013,877.13|1,663,406.98|
|Net cash flows arising from investing activities|26,486,122.87|48,710,324.62|
|III. Cash flows arising from financing activities|||
|Cash received from absorbing investment|||
|Including: Cash received from absorbing minority|||
|shareholders’ investment by subsidiaries|||
|Cash received from loans|||
|Cash received from issuing bonds|||
|Other cash received concerning financing activities||2,600,000.00|
|Subtotal of cash inflow from financing activities||2,600,000.00|
|Cash paid for settling debts|||
|Cash paid for dividend and profit distributing or|||
|interest paying|||
|Including: Dividend and profit of minority|||
|shareholder paid by subsidiaries|||
|Other cash paid concerning financing activities|1,894,100.00|51,500.00|
|Subtotal of cash outflow from financing activities|1,894,100.00|51,500.00|
|Net cash flows arising from financing activities|-1,894,100.00|2,548,500.00|
|IV. Influence on cash and cash equivalents due to|||
|fluctuation in exchange rate|||
|V. Net increase of cash and cash equivalents|41,073,744.98|-46,904,105.98|
|Add: Balance of cash and cash equivalents at the|||
||35,582,359.90|77,981,488.06|
|period -begin|||

||||
|-|-|-|
|VI. Balance of cash and cash equivalents at the period|||
||76,656,104.88|31,077,382.08|
|-end|||

8. Cash Flow Statement of parent company (from year-begin to end of this period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating activities:|||
|Cash received from selling commodities and|||
||113,417,193.42|158,574,101.65|
|providing labor services|||
|Write-back of tax received|||
|Other cash received concerning operating activities|50,073,767.65|34,269,930.67|
|Subtotal of cash inflow arising from operating activities|163,490,961.07|192,844,032.32|
|Cash paid for purchasing commodities and|||
||48,400,490.93|162,636,915.74|
|receiving labor service|||
|Cash paid to/for staff and workers|4,825,500.45|4,424,014.96|
|Taxes paid|11,092,152.53|14,030,841.19|
|Other cash paid concerning operating activities|54,044,330.75|87,778,507.42|
|Subtotal of cash outflow arising from operating|||
||118,362,474.66|268,870,279.31|
|activities|||
|Net cash flows arising from operating activities|45,128,486.41|-76,026,246.99|
|II. Cash flows arising from investing activities:|||
|Cash received from recovering investment|||
|Cash received from investment income|||
|Net cash received from disposal of fixed,|||
|||50,000,000.00|
|intangible and other long-term assets|||
|Net cash received from disposal of subsidiaries|||
|and other units|||
|Other cash received concerning investing activities|||
|Subtotal of cash inflow from investing activities||50,000,000.00|
|Cash paid for purchasing fixed, intangible and|||
||986,877.13|60,090.00|
|other long-term assets|||
|Cash paid for investment||5,000,166.64|
|Net cash received from subsidiaries and other units|||
|Other cash paid concerning investing activities|||
|Subtotal of cash outflow from investing activities|986,877.13|5,060,256.64|
|Net cash flows arising from investing activities|-986,877.13|44,939,743.36|
|III. Cash flows arising from financing activities|||

||||
|-|-|-|
|Cash received from absorbing investment|||
|Cash received from loans||43,700,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning financing activities|||
|Subtotal of cash inflow from financing activities||43,700,000.00|
|Cash paid for settling debts||10,200,000.00|
|Cash paid for dividend and profit distributing or|||
|interest paying|||
|Other cash paid concerning financing activities|1,894,100.00||
|Subtotal of cash outflow from financing activities|1,894,100.00|10,200,000.00|
|Net cash flows arising from financing activities|-1,894,100.00|33,500,000.00|
|IV. Influence on cash and cash equivalents due to|||
|fluctuation in exchange rate|||
|V. Net increase of cash and cash equivalents|42,247,509.28|2,413,496.37|
|Add: Balance of cash and cash equivalents at the|||
||17,625,400.53|5,681,141.82|
|period -begin|||
|VI. Balance of cash and cash equivalents at the period|||
||59,872,909.81|8,094,638.19|
|-end|||

II. Audit Report
Whether the third quarter report was audited or not
□Yes√No
The third quarter report of the Company has not been audited.