TigerResearch/tigerbot-earning-plugin huggingface dataset:
(4) Conclude on the appropriateness of the management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required by CAS to draw users’attention in our auditor’s report to the related disclosures in the financial statements or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
(5) Evaluate the overall presentation, structure and content of the financial statements, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
(6) Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the financial statements.We are responsible for the direction, supervision and performance of the Company audit.We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding the planned scope and timing of the audit and significant audit findings, including any noteworthy deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Baker TillyYZ [2023] No.13206
Beijing·China
24March 2023 Chinese CPA
(Engagement Partner):
Chen Zihan
Chinese CPA: Zhong Qinfang
II Financial Statements
Currency unit for the financial statements and the notes thereto: RMB
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Current assets: Monetary assets| Item|31 December 2022|1 January 2022
||1,517,528,893.83|2,280,821,442.11
 Settlement reserve Interbank loans granted Held-for-trading financial assets Derivative financial assets Notes receivable|||200,000.00
 Accounts receivable||419,933,915.30|293,985,139.93
 Accounts receivable financing Prepayments||100,341,806.56|70,979,023.99
 Premiums receivable Reinsurance receivables Receivable reinsurance contract reserve Other receivables||639,903,523.33|926,361,533.14
 Including: Interest receivable Dividends receivable Financial assets purchased under resale agreements Inventories||10,975,334,223.37|9,125,134,062.27
Contract assets||1,094,632.90|
 Assets held for sale Current portion of non-current assets Other current assets||65,655,266.27|58,996,984.81
 Total current assets||13,719,792,261.56|12,756,478,186.25
 Non-current assets: Loans and advances to customers Investments in debt obligations Investments in other debt obligations Long-term receivables||22,651,454.07|23,831,889.11
 Long-term equity investments||79,781,437.31|50,360,681.37
 Investments in other equity instruments||887,838.64|1,002,551.95
 Other non-current financial assets Investment property||405,762,739.18|459,204,609.35
Fixed assets||82,745,172.12|114,155,590.40
 Construction in progress Productive living assets Oil and gas assets Right-of-use assets||70,168,415.65|71,472,680.73
 Intangible assets||1,269,382.91|1,753,389.33
 Development costs Goodwill||9,446,847.38|9,446,847.38
 Long-term prepaid expense||21,980,602.46|22,751,829.74
 Deferred income tax assets||1,383,050,586.04|1,279,816,590.32
 Other non-current assets||2,750,873.08|45,571,997.85
Total non-current assets||2,080,495,348.84|2,079,368,657.53
 Total assets||15,800,287,610.40|14,835,846,843.78
 Current liabilities: Short-term borrowings Borrowings from the central bank|||
Held-for-trading financial liabilities Derivative financial liabilities Notes payable Accounts payable|608,283,388.52|351,894,812.23
 Advances from customers|2,260,847.31|1,381,666.59
 Contract liabilities|920,828,040.81|1,374,165,809.40
 Financial assets sold under repurchase agreements Customer deposits and interbank deposits Payables for acting trading of securities Payables for underwriting of securities Employee benefits payable|239,126,392.02|230,618,067.23
 Taxes payable|3,917,278,346.81|3,316,590,190.34
 Other payables|1,515,085,832.45|1,027,622,090.94
 Including: Interest payable Dividends payable|12,202,676.04|17,542,675.98
Handling charges and commissions payable Reinsurance payables Liabilities directly associated with assets held for sale Current portion of non-current liabilities|218,858,766.82|83,924,701.83
 Other current liabilities|83,991,786.83|77,403,624.02
 Total current liabilities|7,505,713,401.57|6,463,600,962.58
 Non-current liabilities: Insurance contract reserve Long-term borrowings|3,618,782,344.00|3,524,500,000.00
 Bonds payable Including: Preferred shares Perpetual bonds Lease liabilities|77,963,283.55|83,081,182.89
 Long-term payables Long-term employee benefits payable Provisions|766,612.52|1,425,490.50
 Deferred income Deferred income tax liabilities|241,978.54|307,853.79
Other non-current liabilities|128,008,919.79|126,059,683.08
 Total non-current liabilities|3,825,763,138.40|3,735,374,210.26
 Total liabilities|11,331,476,539.97|10,198,975,172.84
 Owners’equity: Share capital|595,979,092.00|595,979,092.00
 Other equity instruments Including: Preferred shares Perpetual bonds Capital reserves|80,488,045.38|154,342,349.00
 Less: Treasury stock Other comprehensive income|-3,854,377.95|-8,174,653.66
 Specific reserve Surplus reserves|48,886,605.81|47,574,940.18
General reserve||
Retained earnings|3,691,056,182.73|3,800,330,330.23
 Total equity attributable to owners of the Company as the parent|4,412,555,547.97|4,590,052,057.75
 Non-controlling interests|56,255,522.46|46,819,613.19
 Total owners’equity|4,468,811,070.43|4,636,871,670.94
 Total liabilities and owners’equity|15,800,287,610.40|14,835,846,843.78
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili Head of the financial department: Liu Qiang
Current assets: Monetary assets  Item|31 December 2022|1 January 2022| Unit: RMB
|532,263,736.63|1,177,352,486.44|
 Held-for-trading financial assets Derivative financial assets Notes receivable Accounts receivable|5,137,042.71||2,223,974.66
 Accounts receivable financing Prepayments|||5,400.00
 Other receivables|5,162,396,869.45|2,412,506,681.28|
 Including: Interest receivable  Dividends receivable|151,433,108.41||
 Inventories|793,075,051.53|2,343,857,737.13|
Contract assets Assets held for sale Current portion of non-current assets Other current assets|18,130,015.97||496,729.09
 Total current assets|6,511,002,716.29|5,936,443,008.60|
 Non-current assets: Investments in debt obligations Investments in other debt obligations Long-term receivables Long-term equity investments|1,447,747,317.70|1,109,826,561.76|
 Investments in other equity instruments|1,118,338.64||1,233,051.95
 Other non-current financial assets Investment property|260,599,477.89|283,198,989.66|
 Fixed assets|31,577,309.67|41,133,269.92|
 Construction in progress Productive living assets Oil and gas assets Right-of-use assets|3,238,351.85||4,075,422.31
Intangible assets Development costs Goodwill Long-term prepaid expense|860,115.06||259,463.73
 Deferred income tax assets|152,942,094.59|190,014,842.35|
 Other non-current assets|2,362,376,650.86|1,718,846,484.20|
Total assets|10,771,462,372.55|9,285,031,094.48
 Current liabilities: Short-term borrowings Held-for-trading financial liabilities Derivative financial liabilities Notes payable Accounts payable|41,228,778.20|48,640,839.24
 Advances from customers|952,186.65|425,164.77
 Contract liabilities|840,878,470.63|524,139,983.49
 Employee benefits payable|56,425,731.67|49,313,279.30
 Taxes payable|1,783,757.84|4,678,424.25
 Other payables|7,258,663,180.38|5,963,004,158.44
Including: Interest payable  Dividends payable|29,642.40|29,642.40
 Liabilities directly associated with assets held for sale Current portion of non-current liabilities|190,431,469.82|65,163,793.74
 Other current liabilities|75,679,062.35|47,172,598.51
 Total current liabilities|8,466,042,637.54|6,702,538,241.74
 Non-current liabilities: Long-term borrowings|462,000,000.00|525,100,000.00
 Bonds payable Including: Preferred shares Perpetual bonds Lease liabilities|1,947,178.87|2,976,367.29
 Long-term payables Long-term employee benefits payable Provisions Deferred income Deferred income tax liabilities Other non-current liabilities|40,000,000.00|40,000,000.00
Total non-current liabilities|503,947,178.87|568,076,367.29
 Total liabilities|8,969,989,816.41|7,270,614,609.03
 Owners’equity: Share capital|595,979,092.00|595,979,092.00
 Other equity instruments Including: Preferred shares Perpetual bonds Capital reserves|53,876,380.11|53,876,380.11
 Less: Treasury stock Other comprehensive income|-2,742,841.65|-2,574,121.54
 Specific reserve Surplus reserves|48,886,605.81|29,637,548.47
 Retained earnings|1,105,473,319.87|1,337,497,586.41
Total owners’equity|1,801,472,556.14|2,014,416,485.45
Total liabilities and owners’equity 10,771,462,372.55 9,285,031,094.48
3. Consolidated Income Statement
| Item|2022||2021|
1. Revenue|||3,708,669,046.85||4,911,120,528.33
 Including: Operating revenue|||3,708,669,046.85||4,911,120,528.33
 Interest revenue Insurance premium income Handling charge and commission income2. Costs and expenses|||3,142,047,245.48||3,584,941,653.00
 Including: Cost of sales|||1,978,777,621.22||1,827,382,823.18
 Interest costs Handling charge and commission expense Surrenders Net insurance claims paid Net amount provided as insurance contract reserve Expenditure on policy dividends Reinsurance premium expense Taxes and surcharges|||725,920,657.80||1,352,677,993.06
 Selling expense|||53,541,997.78||73,372,016.02
Administrative expense|||329,991,655.74||323,975,355.61
| R&D expense||3,244,129.11||2,171,797.80
 Finance costs|||50,571,183.83||5,361,667.33
 Including: Interest expense|||64,941,564.63||75,361,420.03
| Interest income||21,591,864.72||75,033,921.17
 Add: Other income|||19,484,058.67||32,012,226.29
| Return on investment (“-”for loss)||1,981,330.90||6,609,725.37
Including: Share of profit or loss of joint ventures and associates|||2,040,461.81||4,650,460.58
 Income from the derecognition of financial assets at amortized cost (“-”for loss) Exchange gain (“-”for loss) Net gain on exposure hedges (“-”for|||||
loss)| Gain on changes in fair value (“-”||||
for loss)|||117,082.19||193,746.57
 Credit impairment loss (“-”for loss)|||-17,395,139.90||-29,194,857.89
 Asset impairment loss (“-”for loss)|||-528,430.23||23,120.82
 Asset disposal income (“-”for loss)|||175,810,605.44||27.94
3. Operating profit (“-”for loss)|||746,091,308.44||1,335,822,864.43
 Add: Non-operating income|||7,198,004.28||15,587,559.41
 Less: Non-operating expense|||2,556,893.74||7,495,978.90
4. Profit before tax (“-”for loss)|||750,732,418.98||1,343,914,444.94
 Less: Income tax expense|||221,391,811.02||335,904,738.19
5. Net profit (“-”for net loss)|||529,340,607.96||1,008,009,706.75
5.1 By operating continuity5.1.1 Net profit from continuing operations (“-”for net loss)|||529,340,607.96||1,008,009,706.75
5.1.2 Net profit from discontinued operations (“-”for net loss)5.2 By ownership5.2.1 Net profit attributable to shareholders of the Company as the parent|537,664,698.69|1,025,380,909.03
5.2.1 Net profit attributable to non- controlling interests|-8,324,090.73|-17,371,202.28
6. Other comprehensive income, net of tax|4,320,275.71|-1,425,064.25
 Attributable to owners of the Company as the parent|4,320,275.71|-1,425,064.25
6.1 Items that will not be reclassified to profit or loss|-168,720.11|-28,670.35
6.1.1 Changes caused by remeasurements on defined benefit schemes6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method6.1.3 Changes in the fair value of investments in other equity instruments|-168,720.11|-28,670.35
6.1.4 Changes in the fair value arising from changes in own credit risk6.1.5 Other6.2 Items that will be reclassified to profit or loss|4,488,995.82|-1,396,393.90
6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method6.2.2 Changes in the fair value of investments in other debt obligations6.2.3 Other comprehensive income arising from the reclassification of financial assets6.2.4 Credit impairment allowance for investments in other debt obligations6.2.5 Reserve for cash flow hedges6.2.6 Differences arising from the translation of foreign currency- denominated financial statements|4,488,995.82|-1,396,393.90
6.2.7 Other Attributable to non-controlling interests7. Total comprehensive income|533,660,883.67|1,006,584,642.50
 Attributable to owners of the Company as the parent|541,984,974.40|1,023,955,844.78
 Attributable to non-controlling interests|-8,324,090.73|-17,371,202.28
8. Earnings per share8.1 Basic earnings per share|0.9022|1.7205
8.2 Diluted earnings per share|0.9022|1.7205
Where business combinations under common control occurred in the Current Period, the net profit achieved by the acquirees before the combinations was RMB9,596,148.16, with the amount for the same period of last year being RMB21,251,005.70.
4. Income Statement of the Company as the Parent
Item|2022||2021|
1. Operating revenue||75,486,414.74||80,529,601.93
 Less: Cost of sales||44,999,240.65||38,571,950.27
Taxes and surcharges||5,106,898.84|7,146,348.46
 Selling expense||400,095.36|2,006,401.50
 Administrative expense||102,699,790.62|95,334,812.14
 R&D expense Finance costs||6,565,334.70|-34,874,500.11
 Including: Interest costs||27,016,860.03|25,501,758.97
| Interest revenue|13,235,541.77|63,489,075.60
 Add: Other income||183,849.33|20,102,972.08
| Return on investment (“-”for loss)|313,407,689.63|134,368,018.21
 Including: Share of profit or loss of joint ventures and associates||2,040,461.81|4,650,460.58
 Income from the derecognition of financial assets at amortized cost (“-”for|||
loss)| Net gain on exposure hedges (“-”||
for loss)| Gain on changes in fair value (“-”||
for loss) Credit impairment loss (“-”for loss)||280,304.06|-356,512.44
 Asset impairment loss (“-”for loss) Asset disposal income (“-”for loss)2. Operating profit (“-”for loss)||229,586,897.59|126,459,067.52
Add: Non-operating income|||7,173,820.40
 Less: Non-operating expense||23,576.47|169,457.44
3. Profit before tax (“-”for loss)||229,563,321.12|133,463,430.48
 Less: Income tax expense||37,072,747.76|29,147,742.04
4. Net profit (“-”for net loss)||192,490,573.36|104,315,688.44
4.1 Net profit from continuing operations (“-”for net loss)||192,490,573.36|104,315,688.44
4.2 Net profit from discontinued operations (“-”for net loss)5. Other comprehensive income, net of tax||-168,720.11|-28,670.35
5.1 Items that will not be reclassified to profit or loss||-168,720.11|-28,670.35
5.1.1 Changes caused by remeasurements on defined benefit schemes5.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method5.1.3 Changes in the fair value of investments in other equity instruments||-168,720.11|-28,670.35
5.1.4 Changes in the fair value arising from changes in own credit risk5.1.5 Other5.2 Items that will be reclassified to profit or loss5.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method5.2.2 Changes in the fair value of investments in other debt obligations5.2.3 Other comprehensive income arising from the reclassification of financial assets5.2.4 Credit impairment allowance for investments in other debt obligations5.2.5 Reserve for cash flow hedges5.2.6 Differences arising from the|||
translation of foreign currency- denominated financial statements5.2.7 Other6. Total comprehensive income|192,321,853.25|104,287,018.09
7. Earnings per share7.1 Basic earnings per share|0.3230|0.1750
7.2 Diluted earnings per share|0.3230|0.1750
Item|2022||2021| Unit: RMB
1. Cash flows from operating activities: Proceeds from sale of commodities and rendering of services||3,437,128,020.73||5,848,887,354.06
 Net increase in customer deposits and interbank deposits Net increase in borrowings from the central bank Net increase in loans from other financial institutions Premiums received on original insurance contracts Net proceeds from reinsurance Net increase in deposits and investments of policy holders Interest, handling charges and commissions received Net increase in interbank loans obtained Net increase in proceeds from repurchase transactions Net proceeds from acting trading of securities Tax rebates||10,058,351.98||42,434,277.83
 Cash generated from other operating activities||1,078,867,968.60||354,846,811.16
 Subtotal of cash generated from operating activities||4,526,054,341.31||6,246,168,443.05
 Payments for commodities and services||2,510,779,597.33||4,893,470,956.31
 Net increase in loans and advances to customers Net increase in deposits in the central bank and in interbank loans granted Payments for claims on original insurance contracts Net increase in interbank loans granted Interest, handling charges and commissions paid Policy dividends paid Cash paid to and for employees||983,205,651.52||941,865,001.94
Taxes paid||688,906,681.47||1,533,290,206.83
 Cash used in other operating activities||237,929,307.13||706,522,030.42
 Subtotal of cash used in operating activities||4,420,821,237.45||8,075,148,195.50
 Net cash generated from/used in operating activities||105,233,103.86||-1,828,979,752.45
2. Cash flows from investing activities:||||
Return on investment||122,536.02
 Net proceeds from the disposal of fixed assets, intangible assets and other long- lived assets|197,192,641.96|112,437.89
 Net proceeds from the disposal of subsidiaries and other business units Cash generated from other investing activities Subtotal of cash generated from investing activities|197,490,121.81|234,973.91
 Payments for the acquisition of fixed assets, intangible assets and other long- lived assets|17,734,048.21|24,851,720.82
 Payments for investments|27,380,294.13|
 Net increase in pledged loans granted Net payments for the acquisition of subsidiaries and other business units||4,292,240.68
 Cash used in other investing activities Subtotal of cash used in investing activities|45,114,342.34|29,143,961.50
Net cash generated from/used in investing activities|152,375,779.47|-28,908,987.59
3. Cash flows from financing activities: Capital contributions received|17,760,000.00|2,140,000.00
 Including: Capital contributions by non- controlling interests to subsidiaries|17,760,000.00|2,140,000.00
 Borrowings raised|285,589,674.44|
 Cash generated from other financing activities Subtotal of cash generated from financing activities|303,349,674.44|2,140,000.00
 Repayment of borrowings|63,300,000.00|31,000,000.00
 Interest and dividends paid|593,986,146.21|482,143,700.54
Including: Dividends paid by subsidiaries to non-controlling interests Cash used in other financing activities|306,511,487.27|62,778,403.22
 Subtotal of cash used in financing activities|963,797,633.48|575,922,103.76
 Net cash generated from/used in financing activities|-660,447,959.04|-573,782,103.76
4. Effect of foreign exchange rates changes on cash and cash equivalents|4,790,697.94|-1,487,028.62
5. Net increase in cash and cash equivalents|-398,048,377.77|-2,433,157,872.42
 Add: Cash and cash equivalents, beginning of the period|1,907,742,235.25|4,340,900,107.67
6. Cash and cash equivalents, end of the|1,509,693,857.48|1,907,742,235.25
6. Cash Flow Statement of the Company as the Parent
Item|2022||2021|
1. Cash flows from operating activities: Proceeds from sale of commodities and rendering of services||421,114,781.33||655,800,441.53
 Tax rebates||||33,168,933.87
 Cash generated from other operating activities||1,762,436,455.47||2,571,773,113.99
Subtotal of cash generated from operating activities|2,183,551,236.80|3,260,742,489.39
 Payments for commodities and services|97,820,597.35|1,726,321,339.89
 Cash paid to and for employees|65,677,185.99|63,355,236.26
 Taxes paid|34,805,390.11|12,501,445.12
 Cash used in other operating activities|1,082,444,909.69|3,120,104,282.29
 Subtotal of cash used in operating activities|1,280,748,083.14|4,922,282,303.56
 Net cash generated from/used in operating activities|902,803,153.66|-1,661,539,814.17
2. Cash flows from investing activities: Proceeds from disinvestment|1,841,000,000.00|50,000,000.00
 Return on investment|473,625,777.76|
 Net proceeds from the disposal of fixed assets, intangible assets and other long- lived assets|209.00|2,344.57
 Net proceeds from the disposal of subsidiaries and other business units Cash generated from other investing activities Subtotal of cash generated from investing activities|2,314,625,986.76|50,002,344.57
 Payments for the acquisition of fixed assets, intangible assets and other long- lived assets|1,154,885.13|2,309,879.80
 Payments for investments|3,124,506,071.91|466,000,000.00
 Net payments for the acquisition of subsidiaries and other business units Cash used in other investing activities Subtotal of cash used in investing activities|3,125,660,957.04|468,309,879.80
Net cash generated from/used in investing activities|-811,034,970.28|-418,307,535.23
3. Cash flows from financing activities: Capital contributions received Borrowings raised|125,000,000.00|
 Cash generated from other financing activities Subtotal of cash generated from financing activities|125,000,000.00|
 Repayment of borrowings|63,100,000.00|30,800,000.00
 Interest and dividends paid|432,215,867.55|269,890,778.58
 Cash used in other financing activities|1,603,790.70|1,198,076.70
 Subtotal of cash used in financing activities|496,919,658.25|301,888,855.28
Net cash generated from/used in financing activities|-371,919,658.25|-301,888,855.28
4. Effect of foreign exchange rates changes on cash and cash equivalents|12,768.24|-12,608.83
5. Net increase in cash and cash equivalents|-280,138,706.63|-2,381,748,813.51
 Add: Cash and cash equivalents, beginning of the period|808,411,401.68|3,190,160,215.19
6. Cash and cash equivalents, end of the period|528,272,695.05|808,411,401.68
7. Consolidated Statements of Changes in Owners’Equity
|||2022 Equity attributable to owners of the Company as the parent||||||||
 Item  Capi tal reser ves  Surp lus reser ves  Retai ned earni ngs  Non- contr ollin g inter ests| Shar e capit al|| Other equity instruments|| Less: Trea sury stock| Othe r com preh ensiv e inco|| Spec ific reser ve| Gene ral reser ve|| Total owners’ equity
 Subt otal|| Prefe rred share s| Perp etual bond s| Othe r|||||| Othe r|
||||||me|-||||
1. Balance as at the end of the prior year 80,488,045.38 29,637,548.47 3,788,180,758.20 4,486,110,790.39 44,979,674.19|595,979,092.00|||||8,174,653.66|||||4,531,090,464.58
 Add: Adjustment for change in accounting policy Adjustment for correction of previous error Adjustment for business combination under common control 73,854,303.62 17,937,391.71 12,149,572.03 103,941,267.36 1,839,939.00|||||||||||105,781,206.36
 Other adjustments2. Balance as at the beginning of the year 154,342,349.00 47,574,940.18 3,800,330,330.23 4,590,052,057.75 46,819,613.19|595,979,092.00|||||-8,174,653.66|||||4,636,871,670.94