MING YANG SMART ENERGY GROUP
LIMITED
(GDR under the symbol:
"MYSE")
(a joint stock company
established under the laws of the People's Republic of China with
limited liability)
2024 Third Quarterly
Report
IMPORTANT NOTICE
The Board of Directors, the
Supervisory Committee and the Directors, Supervisors and senior
management of the Company warrant that the information contained
herein is true, accurate and complete and that there are no false
representations, misleading statements contained in or material
omissions from this quarterly report, for which they jointly and
severally accept legal responsibility.
The person in charge of the
Company, the person in charge of accounting, and the head of the
accounting firm (accounting chief) warrant that the financial
information contained herein is true, accurate and
complete.
Whether the third quarterly
financial statements were audited:
□Yes √No
I.
KEY FINANCIAL
DATA
（I） Key
Accounting Data
and Financial Indicators
Unit: Yuan
Currency: RMB
|
Items
|
Reporting
Period
|
Corresponding period last year
|
Increase/decrease for the Reporting Period form the
corresponding period last year (%)
|
From the
beginning of the year to the end of Reporting Period
|
Corresponding period last year
|
Increase/decrease for the period from the beginning of the
year to the end of Reporting Period from the corresponding period
last year (%)
|
|
Before
adjustment
|
After
adjustment
|
After
adjustment
|
Before
adjustment
|
After
adjustment
|
After
adjustment
|
|
Operating income
|
8,440,559,256.23
|
10,398,611,805.11
|
10,470,383,005.50
|
-19.39
|
20,236,621,066.72
|
20,957,817,340.32
|
21,111,588,962.51
|
-4.14
|
|
Net profit attributable to
shareholders of the listed company
|
147,854,295.34
|
573,680,529.77
|
581,478,243.05
|
-74.57
|
808,510,813.26
|
1,227,801,867.37
|
1,235,965,477.55
|
-34.58
|
|
Net profit attributable to
shareholders of the listed company after deducting extraordinary
profit and loss
|
123,009,929.24
|
538,222,032.16
|
546,019,745.44
|
-77.47
|
678,843,890.82
|
1,075,426,041.29
|
1,083,589,651.47
|
-37.35
|
|
Net cash flows from operating
activities
|
N/A
|
N/A
|
N/A
|
N/A
|
-4,637,441,458.49
|
-2,319,208,958.69
|
-2,331,524,820.47
|
N/A
|
|
Basic earnings per share
(RMB/share)
|
0.07
|
0.26
|
0.26
|
-73.08
|
0.36
|
0.55
|
0.55
|
-34.55
|
|
Diluted earnings per share
(RMB/share)
|
0.07
|
0.26
|
0.26
|
-73.08
|
0.36
|
0.55
|
0.55
|
-34.55
|
|
Weighted average return on net
assets (%)
|
0.54
|
1.97
|
1.97
|
decrease
by 1.43 percentage points
|
2.93
|
4.27
|
4.27
|
decrease
by 1.34 percentage points
|
|
|
As at the
end of the Reporting Period
|
As at the
end of last year
|
Increase/decrease for the end of the Reporting Period from the
end of the last year (%)
|
|
Before
adjustment
|
After
adjustment
|
After
adjustment
|
|
Total assets
|
82,919,568,907.16
|
83,861,255,864.75
|
84,220,696,668.06
|
-1.54
|
|
Owner's equity attributable to
shareholders of the listed company
|
27,032,719,310.81
|
27,422,713,697.82
|
27,559,515,987.93
|
-1.91
|
Note: The "Reporting Period" refers
to the period of three months from the beginning of this quarter to
the end of this quarter, which applies to the sections
below.
Explanation on the reasons for
retrospective adjustment or restatement
1. According to the Resolution on
Acquisition of 100% Equity of Guangdong Mingyang Longyuan Power
Electronics Co., Ltd. and Related Transactions approved by Ming
Yang Smart Energy Group Limited (the "Company") at the fourth
meeting of the third session of the Board of Directors on 12
January 2024, the Company acquired 100% equity interests in
Guangdong Mingyang Longyuan Power Electronics Co., Ltd. ("Guangdong
Mingyang Longyuan"), a wholly-owned subsidiary of Zhongshan
Mingyang Electric Appliances Co., Ltd. The aforesaid transaction
was completed on 16 January 2024, and in accordance with the
'Accounting Standard for Business Enterprises No. 33 - Consolidated
Financial Statements' and related regulations, the Company
consolidated Guangdong Mingyang Longyuan and its subsidiaries into
its consolidated financial statements.
2. The acquisition of 100% equity
interest in Guangdong Mingyang Longyuan by the Company constituted
a business combination under the same control as the Company and
Guangdong Mingyang Longyuan are both controlled by Mingyang New
Energy Investment Holding Group Co., Ltd. and such control is
non-temporary. According to the relevant provisions of the
Accounting Standard for Business Enterprises No. 33 - Consolidated
Financial Statements, the addition of a subsidiary as a result of
the same-control business combination during the Reporting Period
should be regarded as a consolidated reporting entity that has
existed in the previous periods, and the Company is required to
make retrospective adjustments to the financial statement data of
the previous years. That is, the Company shall adjust the opening
balance of the consolidated balance sheet when preparing the
consolidated balance sheet; the items from the beginning of the
current period to the end of the reporting period of Guangdong
Mingyang Longyuan shall be included in the consolidated income
statement and the cash flow statement when preparing the
consolidated income statement and the cash flow statement; and at
the same time, adjustments shall be made to the relevant items of
the aforesaid financial statements for the comparative periods, and
the consolidated reporting entity shall be deemed to have been in
existence from the time when the ultimate controlling party started
to exercise control.
（II） Extraordinary Profit and
Loss Items and
Amounts
√Applicable □Not
applicable
Unit:
Yuan Currency: RMB
|
Extraordinary profit and loss items
|
Amount
during the Period
|
Amount
from the beginning of the year to the end of the Reporting
Period
|
Description
|
|
Profit or loss on disposal of
non-current assets (including the part offset with the provision
for impairment of assets)
|
-337,758.19
|
-1,733,240.08
|
|
|
Government grants (except for the
grants which are closely related to the Company's normal business,
are in compliance with the provisions of China and have the
standard amount and continuing impact on the Company's profit or
loss in accordance with the national standard) included in current
profits and losses
|
25,286,686.74
|
54,781,702.41
|
|
|
Profit or loss from changes in fair
value arising from financial assets and financial liabilities held
by non-financial enterprises, and profit or loss arising from
disposal of financial assets and financial liabilities other than
effective hedging business related to the Company's normal business
operations
|
18,547,356.91
|
114,919,131.24
|
|
|
Capital occupation fee received from
non-financial enterprises and included in current profit or
loss
|
|
|
|
|
Profit or loss from entrusted
investment or asset management
|
|
|
|
|
Profit or loss from entrusted
loans
|
|
|
|
|
Asset impairment provisions due to
force majeure factors such as natural disasters
|
|
|
|
|
Reversal of provision made for
impairment of receivables that are individually tested for
impairment
|
562,126.34
|
30,114,596.07
|
|
|
Gains when the investment cost of
acquiring a subsidiary, an associate and a joint venture is less
than the fair value of the identifiable net assets of the invested
entity
|
|
|
|
|
Net profit or loss of subsidiaries
for the period from the beginning of the period to the date of
combination arising from business combination under common
control
|
|
|
|
|
Gain or loss from exchange of
non-monetary assets
|
|
|
|
|
Gain or loss from debt
restructuring
|
|
|
|
|
One-off expenses arising from
discontinued continuing activities of the company such as staff
settlement expenses
|
|
|
|
|
Impact on the current profit or loss
by one-off adjustment according to laws and regulations related to
tax and accounting
|
|
|
|
|
Share payment expenses recognized
due to cancelling and amending share option incentive
scheme
|
|
|
|
|
Profit or loss arising from the
changes in fair value of staff salary payable in respect of shares
payment in cash after the day of right exercise
|
|
|
|
|
Profit or loss from changes in fair
value of investment properties subsequently measured in the fair
value mode
|
|
|
|
|
Gains that exceed the fair value in
transactions with unfair price
|
|
|
|
|
Profit or loss arising from
contingent events unrelated to the normal operations of the
Company
|
|
|
|
|
Custody fee income from entrusted
operations
|
|
|
|
|
Other non-operating income and
expenses other than the above
|
-14,511,104.06
|
-42,677,487.96
|
|
|
Other profit or loss items that meet
the definition of extraordinary profit or loss
|
0.00
|
102,143.99
|
|
|
Less: Amount of effects of income
tax
|
4,785,874.87
|
24,974,045.70
|
|
|
Amount of effects of minority
interests (after tax)
|
-82,933.23
|
865,877.53
|
|
|
Total
|
24,844,366.10
|
129,666,922.44
|
|
Explanation on non-recurring gains
and losses items defined by the Company according to unlisted cases
of "Explanatory Announcement No. 1 for Companies Offering
Securities to the Public - Non-operating Profit or Loss" with
material amount and defining the non-recurring gains and losses
items listed in the "Explanatory Announcement No. 1 for Companies
Offering Securities to the Public - Non-operating Profit or Loss"
as recurring gains or losses items.
□Applicable √ Not
applicable
（III） Significant changes of key accounting items and financial
indicators and the reasons for the changes
√Applicable □Not
applicable
|
Items
|
Change
(%)
|
Main
reasons for change
|
|
Net profit attributable to
shareholders of the listed company _ from the beginning of the year
to the end of the Reporting Period
|
-34.58
|
Mainly due to the decrease of the
price of wind turbines and the decrease of the delivery scale of
offshore wind turbines
|
|
Net profit attributable to
shareholders of the listed company after deducting extraordinary
profit and loss _ from the beginning of the year to the end of the
Reporting Period
|
-37.35
|
Same as above
|
|
Basic earnings per share (RMB/share)
_ from the beginning of the year to the end of the Reporting
Period
|
-34.55
|
Mainly due to the decrease of the
net profit attributable to shareholders of the listed company
during the period
|
|
Diluted earnings per share
(RMB/share) _ from the beginning of the year to the end of the
Reporting Period
|
-34.55
|
Same as above
|
|
Net profit attributable to
shareholders of the listed company _ for the Reporting
Period
|
-74.57
|
Mainly due to the decrease of the
price of wind turbines and the decrease of the delivery scale of
offshore wind turbines
|
|
Net profit attributable to
shareholders of the listed company after deducting extraordinary
profit and loss _ for the Reporting Period
|
-77.47
|
Same as above
|
|
Basic earnings per share
(RMB/share)_ for the Reporting Period
|
-73.08
|
Mainly due to the decrease of the
net profit attributable to shareholders of the listed company
during the period
|
|
Diluted earnings per share
(RMB/share) _ for the Reporting Period
|
-73.08
|
Same as above
|
II. INFORMATION ON
SHAREHOLDER
（I） Total number of ordinary shareholders,
total number of holders of preference shares with voting rights
restored and shareholdings of the top ten shareholders
Unit:
share
|
Total
number of ordinary shareholders as at the end of the Reporting
Period
|
139,842
|
Total
number of preference shareholders whose voting rights were restored
as at the end of the Reporting Period (if any)
|
0
|
|
Shareholdings of the top ten shareholders (excluding shares lent through refinancing)
|
|
Name of
shareholder
|
Nature of
shareholder
|
Number of
shares held
|
Percentage of shares held (%)
|
Number of shares held subject to
restrictions on sale
|
Shares
pledged, marked or frozen
|
|
Status of
shares
|
Number
|
|
WISER TYSON INVESTMENT CORP
LIMITED
|
Overseas
legal person
|
157,062,475
|
6.91
|
-
|
Pledged
|
121,700,475
|
|
FIRST BASE INVESTMENTS
LIMITED
|
Overseas
legal person
|
119,470,011
|
5.26
|
-
|
Pledged
|
95,000,000
|
|
Mingyang New Energy Investment
Holding Group Co., Ltd.
|
Domestic
non-state-owned legal person
|
113,591,612
|
5.00
|
-
|
Pledged
|
12,000,000
|
|
Hong Kong Securities Clearing
Company Limited
|
Others
|
76,055,645
|
3.35
|
-
|
Nil
|
-
|
|
Mingyang New Energy Investment
Holding Group Co., Ltd.－special account for pledge of convertible corporate
bonds non-publicly issued to professional
investors in 2023 (first tranche)
|
Domestic
non-state-owned legal person
|
50,640,000
|
2.23
|
-
|
Pledged
|
50,640,000
|
|
KEYCORP LIMITED
|
Overseas
legal person
|
44,683,336
|
1.97
|
-
|
Pledged
|
44,390,000
|
|
Ningbo Boyun Tiancheng Venture
Capital Partnership (Limited Partnership)
|
Domestic
non-state-owned legal person
|
36,647,003
|
1.61
|
-
|
Nil
|
-
|
|
Mingyang New Energy Investment
Holding Group Co., Ltd.－special account for pledge of convertible corporate
bonds non-publicly issued to professional
investors in 2024 (first tranche)
|
Domestic
non-state-owned legal person
|
35,820,000
|
1.58
|
-
|
Pledged
|
35,820,000
|
|
China Pacific Life Insurance Co.,
Ltd － Dividend － Personal Dividend
|
Others
|
34,046,207
|
1.50
|
-
|
Nil
|
-
|
|
Bank of Communications Co., Ltd.-
HSBC Jintrust Low-Carbon Pioneer Stock Securities Investment
Fund
|
Others
|
32,686,383
|
1.44
|
-
|
Nil
|
-
|
|
Shareholdings of the top ten shareholders of shares not
subject to lock-up (excluding shares lent
through refinancing)
|
|
Name of shareholder
|
Number of
unrestricted outstanding shares
|
Class and
number of shares
|
|
Class
|
Number
|
|
WISER TYSON INVESTMENT CORP
LIMITED
|
157,062,475
|
RMB
ordinary share
|
157,062,475
|
|
FIRST BASE INVESTMENTS
LIMITED
|
119,470,011
|
RMB
ordinary share
|
119,470,011
|
|
Mingyang New Energy Investment
Holding Group Co., Ltd.
|
113,591,612
|
RMB
ordinary share
|
113,591,612
|
|
Hong Kong Securities Clearing
Company Limited
|
76,055,645
|
RMB
ordinary share
|
76,055,645
|
|
Mingyang New Energy Investment
Holding Group Co., Ltd.－special account for pledge of convertible corporate
bonds non-publicly issued to professional
investors in 2023 (first tranche)
|
50,640,000
|
RMB
ordinary share
|
50,640,000
|
|
KEYCORP LIMITED
|
44,683,336
|
RMB
ordinary share
|
44,683,336
|
|
Ningbo Boyun Tiancheng Venture
Capital Partnership (Limited Partnership)
|
36,647,003
|
RMB
ordinary share
|
36,647,003
|
|
Mingyang New Energy Investment
Holding Group Co., Ltd.－special account for pledge of convertible corporate
bonds non-publicly issued to professional
investors in 2024 (first tranche)
|
35,820,000
|
RMB
ordinary share
|
35,820,000
|
|
China Pacific Life Insurance Co.,
Ltd － Dividend － Personal Dividend
|
34,046,207
|
RMB
ordinary share
|
34,046,207
|
|
Bank of Communications Co., Ltd.-
HSBC Jintrust Low-Carbon Pioneer Stock Securities Investment
Fund
|
32,686,383
|
RMB
ordinary share
|
32,686,383
|
|
Description of connected
relationship or concerted action among the above
shareholders
|
(1) Due to the non-public issuance
of exchangeable corporate bonds by the controlling shareholder,
Mingyang New Energy Investment Holding Group Co., Ltd., the shares
were pledged to Shenwan Hongyuan Securities Co., Ltd. through the
transfer and registration with China Securities Depository and
Clearing Co., Ltd., and independently registered as shareholder
accounts, "Mingyang New Energy Investment Holding Group Co., Ltd. -
Special pledge account for non-public issuance of exchangeable
corporate bonds (first tranche) to professional investors in 2023"
and "Mingyang New Energy Investment Holding Group Co., Ltd. -
Special pledge account for non-public issuance of exchangeable
corporate bonds (first tranche) to professional investors in 2024".
Mingyang New Energy Investment Holding Group Co., Ltd. holds a
total of 200,051,612 shares of the Company.
(2) The above-mentioned
shareholders, WISER TYSON INVESTMENT CORP LIMITED, FIRST BASE
INVESTMENTS LIMITED, KEYCORP LIMITED and Mingyang New Energy
Investment Holding Group Co., Ltd. (including "Mingyang New Energy
Investment Holding Group Co., Ltd. - Special pledge account for
non-public issuance of exchangeable corporate bonds (first tranche)
to professional investors in 2023" and "Mingyang New Energy
Investment Holding Group Co., Ltd. - Special pledge account for
non-public issuance of exchangeable corporate bonds (first tranche)
to professional investors in 2024"), Ningbo Boyun Tiancheng Venture
Capital Partnership (Limited Partnership) is under the control of
Zhang Chuanwei, Wu Ling and Zhang Rui, the de facto controllers of
the Company, and therefore are related parties to each
other.
|
|
Description of the top ten
shareholders and top ten shareholders not subject to trading
moratorium involved in margin financing and securities lending
business and refinancing business (if any)
|
N/A
|
Information of shares lent through
refinancing business by holders with a shareholding of 5%, the top
10 shareholders and the top 10 circulating shareholders not
subjected to selling restrictions
□Applicable √Not
applicable
The top 10 shareholders and the top
10 circulating shareholders not subjected to selling restrictions
have changed from the last period due to shares lent/returned
through refinancing
□Applicable √Not
applicable
Information of the special repurchase
accounts among the top 10
shareholders：The Company's top
10 shareholders have special repurchase accounts. As of 30 June
2024, Ming Yang Smart Energy Group Co., Ltd.'s special repurchase
securities account held a total of 121,119,984 shares of the
Company, representing 5.33% of the Company's total share
capital.
III. OTHER
REMINDERS
Other important information that
needs to be brought to the attention of investors regarding the
Company's operations during the Reporting Period
□ Applicable √ Not
applicable
IV. QUARTERLY FINANCIAL
STATEMENTS
（I） Type of Audit
Opinion
□ Applicable √ Not applicable
（II） Financial Statements
Consolidated Balance
Sheet
As at 30
September 2024
Unit:
Yuan Currency:
RMB Audit status: Unaudited
|
Item
|
30 September
2024
|
31 December
2023
|
|
Current assets:
|
|
Cash and cash balances
|
11,181,753,936.10
|
13,044,171,641.42
|
|
Settlement provisions
|
|
|
|
Loans to banks and other financial
institutions
|
|
|
|
Financial assets held for
trading
|
1,184,766.87
|
1,252,856.92
|
|
Derivative financial
assets
|
|
|
|
Notes receivable
|
3,449,246.50
|
11,863,236.98
|
|
Accounts receivable
|
15,598,478,580.93
|
14,059,012,735.52
|
|
Financing receivables
|
1,420,752,676.91
|
786,889,059.96
|
|
Prepayments
|
891,501,258.28
|
771,123,302.42
|
|
Insurance premium
receivables
|
|
|
|
Due from reinsurers
|
|
|
|
Reinsurance contract reserve
receivables
|
|
|
|
Other receivables
|
1,316,947,449.45
|
844,770,862.89
|
|
Including: Interest
receivable
|
|
|
|
Dividends receivable
|
196,912,115.57
|
76,049,647.00
|
|
Financial assets purchased under
agreements to resell
|
|
|
|
Inventories
|
10,971,268,909.51
|
9,737,620,576.88
|
|
Including: Data resources
|
|
|
|
Contract assets
|
936,172,150.88
|
809,011,938.98
|
|
Assets held for sale
|
|
|
|
Non-current assets due within one
year
|
1,949,397,015.46
|
1,522,949,500.26
|
|
Other current assets
|
2,334,888,763.31
|
2,094,947,559.40
|
|
Total current assets
|
46,605,794,754.20
|
43,683,613,271.63
|
|
Non-current assets:
|
|
Loans and advances
|
|
|
|
Debt investment
|
|
|
|
Other debt investments
|
|
|
|
Long-term receivables
|
10,000,000.00
|
|
|
Long-term equity
investment
|
810,545,865.34
|
539,499,971.39
|
|
Other equity instrument
investments
|
145,529,449.71
|
122,673,711.33
|
|
Other non-current financial
assets
|
597,589,515.25
|
560,117,024.70
|
|
Investment properties
|
|
|
|
Fixed assets
|
13,994,656,800.33
|
13,430,638,520.55
|
|
Construction in progress
|
4,976,137,656.32
|
8,777,325,916.28
|
|
Productive biological
assets
|
|
|
|
Oil and gas assets
|
|
|
|
Right-of-use assets
|
236,899,387.03
|
380,944,562.26
|
|
Intangible assets
|
2,173,581,740.11
|
2,065,781,989.72
|
|
Including: Data resources
|
|
|
|
Development expenditures
|
613,433,172.94
|
246,004,739.30
|
|
Including: Data resources
|
|
|
|
Goodwill
|
68,569,375.91
|
68,569,375.91
|
|
Long-term deferred
expenses
|
120,220,219.69
|
116,250,957.21
|
|
Deferred tax assets
|
1,356,968,206.47
|
1,158,364,240.20
|
|
Other non-current assets
|
11,209,642,763.86
|
13,070,912,387.58
|
|
Total non-current assets
|
36,313,774,152.96
|
40,537,083,396.43
|
|
Total assets
|
82,919,568,907.16
|
84,220,696,668.06
|
|
Current liabilities:
|
|
Short-term borrowings
|
1,147,330,876.87
|
874,387,154.28
|
|
Borrowing from the central
bank
|
|
|
|
Deposits and balances from banks and
other financial institutions
|
|
|
|
Financial liabilities held for
trading
|
|
|
|
Derivative financial liabilities
|
|
|
|
Notes payable
|
7,633,096,970.69
|
11,433,450,444.40
|
|
Accounts payable
|
12,083,973,270.20
|
11,204,382,361.81
|
|
Receipts in advance
|
|
|
|
Contract liabilities
|
8,459,859,015.93
|
7,648,864,116.90
|
|
Financial assets sold under
agreements to buy-back
|
|
|
|
Customer deposits and balances from
banks and other financial institutions
|
|
|
|
Proceeds from trading of securities
as broker
|
|
|
|
Securities underwriting brokerage
deposits
|
|
|
|
Employee payroll payable
|
288,733,848.48
|
355,666,980.47
|
|
Taxes payable
|
192,961,458.34
|
255,802,703.90
|
|
Other payables
|
2,208,569,078.02
|
2,755,885,529.82
|
|
Including: Interest payable
|
|
|
|
Dividends payable
|
2,200,000.00
|
2,200,000.00
|
|
Fees and commission payable
|
|
|
|
Reinsurance accounts payable
|
|
|
|
Liabilities held for sale
|
|
|
|
Non-current liabilities due within
one year
|
2,954,468,123.49
|
2,589,772,135.66
|
|
Other current liabilities
|
734,220,755.63
|
647,180,270.55
|
|
Total current liabilities
|
35,703,213,397.65
|
37,765,391,697.79
|
|
Non-current liabilities:
|
|
Insurance contract liabilities
|
|
|
|
Long-term borrowings
|
12,307,582,355.04
|
11,480,062,600.75
|
|
Bond payables
|
|
|
|
Including: Preference shares
|
|
|
|
Perpetual bonds
|
|
|
|
Lease liabilities
|
106,845,227.34
|
280,595,145.69
|
|
Long-term payables
|
3,132,059,170.62
|
2,827,124,148.98
|
|
Long-term employee payroll
payable
|
|
|
|
Estimated liabilities
|
1,750,358,810.38
|
1,732,196,128.44
|
|
Deferred income
|
396,777,103.45
|
416,103,638.29
|
|
Deferred tax liabilities
|
1,280,299,740.84
|
1,117,458,022.43
|
|
Other non-current liabilities
|
|
|
|
Total non-current liabilities
|
18,973,922,407.67
|
17,853,539,684.58
|
|
Total liabilities
|
54,677,135,805.32
|
55,618,931,382.37
|
|
Owners' equity (or shareholders' equity):
|
|
Paid-in capital (or share
capital)
|
2,271,594,206.00
|
2,271,759,206.00
|
|
Other equity instruments
|
|
|
|
Including: Preference shares
|
|
|
|
Perpetual bonds
|
|
|
|
Capital reserve
|
17,181,257,127.50
|
17,108,858,418.25
|
|
Less: Treasury stock
|
1,355,565,084.01
|
560,642,480.21
|
|
Other comprehensive income
|
49,756,786.84
|
49,344,950.77
|
|
Special reserve
|
115,701,247.50
|
74,772,468.49
|
|
Surplus reserve
|
795,833,097.67
|
795,833,097.67
|
|
General risk reserve
|
|
|
|
Retained earnings
|
7,974,141,929.31
|
7,819,590,326.96
|
|
Total equity (or shareholders'
equity) attributable to owners of the parent
|
27,032,719,310.81
|
27,559,515,987.93
|
|
Minority interest
|
1,209,713,791.03
|
1,042,249,297.76
|
|
Total owners' equity (or
shareholders' equity)
|
28,242,433,101.84
|
28,601,765,285.69
|
|
Total liabilities and owners' equity
(or shareholders' equity)
|
82,919,568,907.16
|
84,220,696,668.06
|
Person-in-charge of the
Company: Zhang Chuanwei Person-in-charge of accounting:
Liang Caifa
Head of accountant firm:
Zhang Feng
Consolidated Income
Statement
January
to September 2024
Unit:
Yuan Currency: RMB
Audit status: Unaudited
|
Item
|
First three quarters of
2024
(January to
September)
|
First three quarters of
2023
(January to
September)
|
|
I. Total revenue
|
20,236,621,066.72
|
21,111,588,962.51
|
|
Including: Operating revenue
|
20,236,621,066.72
|
21,111,588,962.51
|
|
Interest income
|
|
|
|
Earned premiums
|
|
|
|
Fee and commission revenue
|
|
|
|
II. Total operating cost
|
20,287,976,841.08
|
20,146,406,287.44
|
|
Including: Operating cost
|
17,159,951,826.30
|
17,756,813,914.03
|
|
Interest expenses
|
|
|
|
Fee and commission expenses
|
|
|
|
Surrenders
|
|
|
|
Net payments for insurance
claims
|
|
|
|
Net provision of insurance
reserve
|
|
|
|
Policyholder dividends
|
|
|
|
Reinsurance expenses
|
|
|
|
Taxes and surcharges
|
115,210,839.03
|
81,003,920.17
|
|
Selling expenses
|
1,459,413,760.09
|
891,002,915.83
|
|
Administrative expenses
|
777,466,152.02
|
659,481,024.49
|
|
R&D expenses
|
501,035,158.59
|
739,969,305.31
|
|
Financial expenses
|
274,899,105.05
|
18,135,207.61
|
|
Including: Interest expense
|
380,619,192.19
|
254,200,226.22
|
|
Interest income
|
157,615,492.35
|
167,341,919.64
|
|
Add: Other income
|
396,279,728.21
|
143,449,781.98
|
|
Investment income ("-" means
loss)
|
745,546,200.86
|
503,468,265.78
|
|
Including: Income from investments
in associates and joint ventures
|
18,339,365.53
|
16,120,651.71
|
|
Income from derecognition of
financial assets measured at amortised cost
|
|
|
|
Exchange gains ("-" means
loss)
|
|
|
|
Net exposure hedging gains ("-"
means loss)
|
|
|
|
Gains on changes in fair value ("-"
means loss)
|
-29,205,477.94
|
-52,582,935.39
|
|
Credit impairment losses ("-" means
loss)
|
-24,083,195.79
|
-179,531,954.85
|
|
Asset impairment losses ("-" means
loss)
|
-52,061,122.36
|
-14,799,262.99
|
|
Gains from disposal of assets ("-"
means loss)
|
3,227,250.04
|
4,699,864.18
|
|
III. Operating profit ("-" means
loss)
|
988,347,608.66
|
1,369,886,433.78
|
|
Add: Non-operating income
|
18,217,132.81
|
52,079,041.46
|
|
Less: Non-operating expenses
|
65,855,110.87
|
23,556,854.84
|
|
IV. Total profits ("-" means total
losses)
|
940,709,630.60
|
1,398,408,620.40
|
|
Less: Income tax expense
|
76,345,567.40
|
125,770,161.21
|
|
V. Net profit ("-" means net
loss)
|
864,364,063.20
|
1,272,638,459.19
|
|
(I) Classification by operation
continuity
|
|
1. Net profit from continuing
operations ("-" means net loss)
|
864,364,063.20
|
1,272,638,459.19
|
|
2. Net profit from discontinuing
operations ("-" means net loss)
|
|
|
|
(II) Classification by
ownership
|
|
1. Net profit attributable to owners
of the parent ("-" means net loss)
|
808,510,813.26
|
1,235,965,477.55
|
|
2. Minority profit or loss ("-"
means net loss)
|
55,853,249.94
|
36,672,981.64
|
|
VI. Other comprehensive income net
of tax
|
567,005.45
|
-664,368.28
|
|
(I) Other comprehensive income
attributable to owners of the parent, net of tax
|
411,836.07
|
-604,565.22
|
|
1. Other comprehensive income that
cannot be reclassified into profit or loss
|
3,929,302.09
|
2,994,527.03
|
|
(1) Changes arising from the
re-measurement of defined benefit plan
|
|
|
|
(2) Other comprehensive income that
cannot be transferred to profit or loss under the equity
method
|
|
|
|
(3) Changes in fair value of other
equity instrument investments
|
3,929,302.09
|
2,994,527.03
|
|
(4) Change in fair value of the
enterprise's own credit risk
|
|
|
|
2. Other comprehensive income that
will be reclassified into profit or loss
|
-3,517,466.02
|
-3,599,092.25
|
|
(1) Other comprehensive income that
can be transferred to profit or loss under the equity
method
|
|
|
|
(2) Changes in fair value of other
debt investments
|
|
|
|
(3) Amount of financial assets
reclassified into other comprehensive income
|
|
|
|
(4) Provision for credit impairment
of other debt investments
|
|
|
|
(5) Cash flow hedging reserves
|
|
|
|
(6) Exchange differences on
translation of foreign currency financial statements
|
-3,517,466.02
|
-3,599,092.25
|
|
(7) Others
|
|
|
|
(II) Other comprehensive income
attributable to minority shareholders, net of tax
|
155,169.38
|
-59,803.06
|
|
VII. Total comprehensive
income
|
864,931,068.65
|
1,271,974,090.91
|
|
(I) Total comprehensive income
attributable to owners of the parent
|
808,922,649.33
|
1,235,360,912.33
|
|
(II) Total comprehensive income
attributable to minority interest
|
56,008,419.32
|
36,613,178.58
|
|
VIII. Earnings per share:
|
|
(I) Basic earnings per share
(RMB/Share)
|
0.36
|
0.55
|
|
(II) Diluted earnings per share
(RMB/Share)
|
0.36
|
0.55
|
For business combinations under
common control that occurred during the Reporting Period, the net
profit realised by the combined party prior to the combination is
RMB0, while the net profit realised by the
combined party during the previous period is
RMB7,612,293.45.
Person-in-charge of the
Company: Zhang Chuanwei Person-in-charge of accounting:
Liang Caifa Head of accountant firm: Zhang
Feng
Consolidated Cash Flow
Statement
January
to September 2024
Unit:
Yuan Currency: RMB
Audit status: Unaudited
|
Item
|
First three quarters of
2024
(January to
September)
|
First three quarters of
2023
(January to
September)
|
|
I.
Cash flow from operating activities:
|
|
Cash received from sales of goods
and rendering of services
|
18,279,497,292.67
|
16,446,792,955.00
|
|
Net increase in customer deposits
and placements from banks and other financial institutions
|
|
|
|
Net increase in loans from the
central bank
|
|
|
|
Net increase in funds borrowed from
other financial institutions
|
|
|
|
Cash received from premiums under
original insurance contracts
|
|
|
|
Net cash received from re-insurance
business
|
|
|
|
Net increase in deposits and
investment from the insured
|
|
|
|
Cash received from interest, fees
and commission
|
|
|
|
Net increase in placements from
banks and other financial institutions
|
|
|
|
Net increase in repurchase business
funds
|
|
|
|
Net cash received from securities
trading brokerage business
|
|
|
|
Tax refunds received
|
147,606,004.42
|
152,351,047.06
|
|
Other cash received in connection
with operating activities
|
590,714,265.84
|
943,837,027.25
|
|
Sub-total of cash inflows from
operating activities
|
19,017,817,562.93
|
17,542,981,029.31
|
|
Cash paid for purchase of goods and
services
|
19,672,906,412.78
|
16,307,081,478.36
|
|
Net increase in loans and advances
to customers
|
|
|
|
Net increase in deposits with
central banks and other financial institutions
|
|
|
|
Cash paid for claims under original
insurance contract
|
|
|
|
Net increase in placements with
banks and other financial institutions
|
|
|
|
Cash paid for interest, fees and
commission
|
|
|
|
Cash paid for policy dividend
|
|
|
|
Cash paid to and on behalf of
employees
|
1,805,036,191.97
|
1,539,472,063.78
|
|
Tax payments
|
867,356,961.36
|
787,144,987.73
|
|
Other cash paid in connection with
operating activities
|
1,309,959,455.31
|
1,240,807,319.91
|
|
Sub-total of cash outflows from
operating activities
|
23,655,259,021.42
|
19,874,505,849.78
|
|
Net cash flow from operating
activities
|
-4,637,441,458.49
|
-2,331,524,820.47
|
|
II.
Cash flow from investing activities:
|
|
Cash received from disposal of
investments
|
1,694,614,972.28
|
829,717,827.60
|
|
Cash received from investment
income
|
278,084,036.97
|
15,349,427.43
|
|
Net cash received from disposal of
fixed assets, intangible assets and other long-term assets
|
15,414,871.05
|
950,925.75
|
|
Net cash received from disposal of
subsidiaries and other business units
|
1,324,164,409.77
|
606,958,905.78
|
|
Other cash received in connection
with investing activities
|
141,239,746.84
|
100,537,042.01
|
|
Sub-total of cash inflows from
investing activities
|
3,453,518,036.91
|
1,553,514,128.57
|
|
Cash paid for acquisition of fixed
assets, intangible assets and other long-term assets
|
5,075,795,718.55
|
6,332,034,127.56
|
|
Cash paid for investments
|
391,179,335.04
|
300,582,115.33
|
|
Net increase in pledged loans
|
|
|
|
Net cash paid for acquisition of
subsidiaries and other business units
|
|
|
|
Other cash paid in connection with
investing activities
|
|
33,728,000.00
|
|
Sub-total of cash outflows from
investing activities
|
5,466,975,053.59
|
6,666,344,242.89
|
|
Net cash flows from investing
activities
|
-2,013,457,016.68
|
-5,112,830,114.32
|
|
III. Cash flow from financing activities:
|
|
Cash received from investments
|
514,270,000.00
|
52,670,000.00
|
|
Including: Cash receipts from
investments in subsidiaries by minority shareholders
|
514,270,000.00
|
52,670,000.00
|
|
Cash received from borrowings
|
8,365,239,997.38
|
7,651,829,761.53
|
|
Other cash received in connection
with financing activities
|
2,285,676.90
|
688,222,801.39
|
|
Sub-total of cash inflows from
financing activities
|
8,881,795,674.28
|
8,392,722,562.92
|
|
Cash repayment of debts
|
908,835,061.59
|
580,412,466.53
|
|
Cash paid for distribution of
dividends, profits or interest expenses
|
1,050,221,330.79
|
806,456,299.69
|
|
Including: Dividends and profits
paid by subsidiaries to minority shareholders
|
|
|
|
Other cash paid in connection with
financing activities
|
1,555,499,369.32
|
381,795,295.11
|
|
Sub-total of cash outflows from
financing activities
|
3,514,555,761.70
|
1,768,664,061.33
|
|
Net cash flows from financing
activities
|
5,367,239,912.58
|
6,624,058,501.59
|
|
IV.
Effects of exchange rate changes on cash and cash
equivalents
|
-15,395,666.00
|
104,204,680.75
|
|
V.
Net increase in cash and cash equivalents
|
-1,299,054,228.59
|
-716,091,752.45
|
|
Add: Opening balance of cash and
cash equivalents
|
12,070,683,635.67
|
10,580,570,401.02
|
|
VI.
Closing balance of cash and cash equivalents
|
10,771,629,407.08
|
9,864,478,648.57
|
Person-in-charge of the
Company: Zhang Chuanwei Person-in-charge of accounting: Liang
Caifa Head of accountant firm: Zhang
Feng
Balance sheet of the
Parent
As at 30
September 2024
Unit:
Yuan Currency: RMB
Audit status: Unaudited
|
Item
|
30 September
2024
|
31 December
2023
|
|
Current assets:
|
|
Cash and cash balances
|
6,141,494,190.81
|
9,574,429,404.63
|
|
Financial assets held for
trading
|
1,184,766.87
|
1,252,856.92
|
|
Derivative financial assets
|
|
|
|
Notes receivable
|
|
6,043,383.55
|
|
Accounts receivable
|
13,722,080,921.45
|
13,244,311,250.39
|
|
Financing receivables
|
1,387,775,514.89
|
756,608,955.16
|
|
Prepayments
|
1,221,902,844.48
|
990,672,464.07
|
|
Other receivables
|
6,023,118,838.46
|
6,090,128,038.34
|
|
Including: Interest receivable
|
|
|
|
Dividends receivable
|
18,979,170.00
|
19,191,474.07
|
|
Inventories
|
5,724,051,971.74
|
6,432,398,056.24
|
|
Including: Data resources
|
|
|
|
Contract assets
|
515,712,284.80
|
536,765,372.39
|
|
Assets held for sale
|
|
|
|
Non-current assets due within one
year
|
1,949,397,015.46
|
1,522,949,500.26
|
|
Other current assets
|
6,161,862,830.00
|
5,954,128,985.74
|
|
Total current assets
|
42,848,581,178.96
|
45,109,688,267.69
|
|
Non-current assets:
|
|
Debt investment
|
|
|
|
Other debt investments
|
|
|
|
Long-term receivables
|
|
|
|
Long-term equity investment
|
12,237,600,070.98
|
10,949,866,646.29
|
|
Other equity instrument investments
|
106,808,828.70
|
102,892,832.77
|
|
Other non-current financial
assets
|
382,812,194.53
|
383,268,335.54
|
|
Investment properties
|
|
|
|
Fixed assets
|
687,293,969.76
|
561,781,133.51
|
|
Construction in progress
|
648,731,480.73
|
519,950,015.42
|
|
Productive biological assets
|
|
|
|
Oil and gas assets
|
|
|
|
Right-of-use assets
|
35,734,805.56
|
30,062,101.91
|
|
Intangible assets
|
906,513,791.45
|
960,040,549.93
|
|
Including: Data
resources
|
|
|
|
Development expenditures
|
588,020,686.62
|
235,640,071.47
|
|
Including: Data
resources
|
|
|
|
Goodwill
|
|
|
|
Long-term deferred expenses
|
7,661,035.70
|
9,963,481.59
|
|
Deferred tax assets
|
603,835,242.84
|
580,268,737.69
|
|
Other non-current assets
|
11,029,144,123.86
|
12,692,102,319.59
|
|
Total non-current assets
|
27,234,156,230.73
|
27,025,836,225.71
|
|
Total assets
|
70,082,737,409.69
|
72,135,524,493.40
|
|
Current liabilities:
|
|
Short-term borrowings
|
1,137,319,999.97
|
450,097,500.00
|
|
Financial liabilities held for
trading
|
|
|
|
Derivative financial liabilities
|
|
|
|
Notes payable
|
7,406,120,357.34
|
11,089,605,154.39
|
|
Accounts payable
|
14,728,745,937.56
|
14,240,317,758.14
|
|
Receipts in advance
|
|
|
|
Contract liabilities
|
10,517,451,566.97
|
10,880,539,354.56
|
|
Employee payroll payable
|
119,755,887.88
|
141,469,986.95
|
|
Taxes payable
|
21,858,927.36
|
26,114,041.44
|
|
Other payables
|
4,619,697,602.18
|
4,403,909,552.31
|
|
Including: Interest payable
|
|
|
|
Dividends payable
|
|
|
|
Liabilities held for sale
|
|
|
|
Non-current liabilities due within
one year
|
515,679,765.45
|
250,706,951.29
|
|
Other current liabilities
|
1,005,017,816.34
|
1,064,027,757.00
|
|
Total current liabilities
|
40,071,647,861.05
|
42,546,788,056.08
|
|
Non-current liabilities:
|
|
Long-term borrowings
|
1,195,627,190.82
|
766,372,244.51
|
|
Bond payables
|
|
|
|
Including: Preference shares
|
|
|
|
Perpetual bonds
|
|
|
|
Lease liabilities
|
27,338,333.35
|
16,362,737.35
|
|
Long-term payables
|
889,909,051.35
|
801,866,058.82
|
|
Long-term employee payroll
payable
|
|
|
|
Estimated liabilities
|
1,711,991,649.62
|
1,691,631,079.84
|
|
Deferred income
|
141,123,089.88
|
143,662,032.90
|
|
Deferred tax liabilities
|
1,202,318,258.93
|
1,048,896,276.23
|
|
Other non-current liabilities
|
|
|
|
Total non-current liabilities
|
5,168,307,573.95
|
4,468,790,429.65
|
|
Total liabilities
|
45,239,955,435.00
|
47,015,578,485.73
|
|
Owners' equity (or shareholders' equity):
|
|
Paid-in capital (or share
capital)
|
2,271,594,206.00
|
2,271,759,206.00
|
|
Other equity instruments
|
|
|
|
Including: Preference shares
|
|
|
|
Perpetual bonds
|
|
|
|
Capital reserve
|
17,121,884,192.78
|
17,115,177,744.69
|
|
Less: Treasury stock
|
1,355,565,084.01
|
560,642,480.21
|
|
Other comprehensive income
|
24,742,504.39
|
21,413,907.86
|
|
Special reserve
|
|
|
|
Surplus reserve
|
783,825,171.42
|
783,825,171.42
|
|
Retained earnings
|
5,996,300,984.11
|
5,488,412,457.91
|
|
Total owners' equity (or
shareholders' equity)
|
24,842,781,974.69
|
25,119,946,007.67
|
|
Total liabilities and owners' equity
(or shareholders' equity)
|
70,082,737,409.69
|
72,135,524,493.40
|
Person-in-charge of the
Company: Zhang Chuanwei
Person-in-charge of
accounting: Liang Caifa Head of
accountant firm: Zhang Feng
Income Statement of the
Parent
January
to September 2024
Unit:
Yuan Currency: RMB
Audit status: Unaudited
|
Item
|
First three quarters of
2024
(January to
September)
|
First three quarters of
2023
(January to
September)
|
|
I. Operating revenue
|
19,397,459,575.06
|
19,917,051,604.54
|
|
Less: Operating cost
|
16,982,583,967.32
|
18,123,093,208.69
|
|
Taxes and surcharges
|
48,981,094.08
|
27,447,459.99
|
|
Selling expenses
|
1,278,583,026.33
|
684,765,555.30
|
|
Administrative expenses
|
287,418,462.05
|
284,426,640.91
|
|
R&D expenses
|
154,048,820.91
|
387,816,012.67
|
|
Financial expenses
|
11,478,506.02
|
-141,853,622.17
|
|
Including: Interest expense
|
105,100,707.54
|
85,341,043.10
|
|
Interest income
|
146,041,864.22
|
161,136,052.47
|
|
Add: Other income
|
291,655,009.94
|
89,969,411.74
|
|
Investment income ("-" means
loss)
|
371,303,452.81
|
243,013,787.85
|
|
Including: Income from investments
in associates and joint ventures
|
11,258,097.03
|
9,577,396.71
|
|
Income from derecognition of
financial assets measured at amortised cost
|
|
-
|
|
Net exposure hedging gains ("-"
means loss)
|
|
|
|
Gains on changes in fair value ("-"
means loss)
|
-14,225,331.06
|
-52,582,935.39
|
|
Credit impairment losses ("-" means
loss)
|
75,641,888.25
|
-156,893,602.88
|
|
Asset impairment losses ("-" means
loss)
|
-25,669,301.53
|
-1,964,138.77
|
|
Gains from disposal of assets ("-"
means loss)
|
-1,515,443.05
|
3,497.95
|
|
II. Operating profit ("-" means
loss)
|
1,331,555,973.71
|
672,902,369.65
|
|
Add: Non-operating income
|
2,515,862.27
|
47,544,842.67
|
|
Less: Non-operating expenses
|
42,917,477.02
|
43,982,636.77
|
|
III. Total profits ("-" means total
losses)
|
1,291,154,358.96
|
676,464,575.55
|
|
Less: Income tax expense
|
129,306,621.85
|
78,961,280.40
|
|
IV. Net profit ("-" means net
loss)
|
1,161,847,737.11
|
597,503,295.15
|
|
(I) Net profit from continuing
operations ("-" means net loss)
|
1,161,847,737.11
|
597,503,295.15
|
|
(II) Net profit from discontinuing
operations ("-" means net loss)
|
|
|
|
V. Other comprehensive income, net
of tax
|
3,328,596.53
|
2,781,299.32
|
|
(I) Other comprehensive income that
cannot be reclassified into profit or loss
|
3,328,596.53
|
2,781,299.32
|
|
1. Changes arising from the
re-measurement of defined benefit plan
|
|
|
|
2. Other comprehensive income that
cannot be transferred to profit or loss under the equity
method
|
|
|
|
3. Changes in fair value of other
equity instrument investments
|
3,328,596.53
|
2,781,299.32
|
|
4. Change in fair value of the
enterprise's own credit risk
|
|
|
|
(II) Other comprehensive income that
will be reclassified into profit or loss
|
|
-
|
|
1. Other comprehensive income that
can be transferred to profit or loss under the equity method
|
|
|
|
2. Changes in fair value of other
debt investments
|
|
|
|
3. Amount of financial assets
reclassified into other comprehensive income
|
|
|
|
4. Provision for credit impairment
of other debt investments
|
|
|
|
5. Cash flow hedging reserves
|
|
|
|
6. Exchange differences on
translation of foreign currency financial statements
|
|
|
|
7. Others
|
|
|
|
VI. Total comprehensive
income
|
1,165,176,333.64
|
600,284,594.47
|
|
VII. Earnings per share:
|
|
(I) Basic earnings per share
(RMB/Share)
|
|
|
|
(II) Diluted earnings per share
(RMB/Share)
|
|
|
Person-in-charge of the
Company: Zhang Chuanwei Person-in-charge of accounting: Liang Caifa
Head of
accountant firm: Zhang Feng
Cash Flow Statement of the
Parent
January
to September 2024
Unit:
Yuan Currency: RMB
Audit status: Unaudited
|
Item
|
First three quarters of
2024
(January to
September)
|
First three quarters of
2023
(January to
September)
|
|
I.
Cash flow from operating activities:
|
|
Cash received from sales of goods
and rendering of services
|
18,420,997,026.65
|
18,120,657,406.83
|
|
Tax refunds received
|
33,249,152.51
|
93,531,394.20
|
|
Other cash received in connection
with operating activities
|
1,844,031,294.43
|
1,869,671,322.94
|
|
Sub-total of cash inflows from
operating activities
|
20,298,277,473.59
|
20,083,860,123.97
|
|
Cash paid for purchase of goods and
services
|
21,013,169,152.07
|
17,046,617,932.20
|
|
Cash paid to and on behalf of
employees
|
541,274,126.37
|
536,190,891.83
|
|
Tax payments
|
375,299,927.82
|
433,670,781.70
|
|
Other cash paid in connection with
operating activities
|
1,020,136,218.79
|
1,251,910,222.37
|
|
Sub-total of cash outflows from
operating activities
|
22,949,879,425.05
|
19,268,389,828.10
|
|
Net cash flow from operating
activities
|
-2,651,601,951.46
|
815,470,295.87
|
|
II.
Cash flow from investing activities:
|
|
Cash received from disposal of
investments
|
1,694,614,972.28
|
807,071,022.00
|
|
Cash received from investment
income
|
360,003,244.99
|
14,843,558.38
|
|
Net cash received from disposal of
fixed assets, intangible assets and other long-term assets
|
|
7,500.00
|
|
Net cash received from disposal of
subsidiaries and other business units
|
|
|
|
Other cash received in connection
with investing activities
|
2,419,015,266.59
|
2,485,037,087.81
|
|
Sub-total of cash inflows from
investing activities
|
4,473,633,483.86
|
3,306,959,168.19
|
|
Cash paid for acquisition of fixed
assets, intangible assets and other long-term assets
|
823,419,397.27
|
710,874,436.41
|
|
Cash paid for investments
|
1,241,827,895.04
|
1,092,902,657.90
|
|
Net cash paid for acquisition of
subsidiaries and other business units
|
|
|
|
Other cash paid in connection with
investing activities
|
1,795,743,378.34
|
2,549,102,262.66
|
|
Sub-total of cash outflows from
investing activities
|
3,860,990,670.65
|
4,352,879,356.97
|
|
Net cash flows from investing
activities
|
612,642,813.21
|
-1,045,920,188.78
|
|
III. Cash flow from financing activities:
|
|
Cash received from investments
|
|
|
|
Cash received from borrowings
|
1,613,454,946.31
|
179,185,355.18
|
|
Cash received from issuance of
bonds
|
|
260,321,377.03
|
|
Other cash received in connection
with financing activities
|
1,613,454,946.31
|
439,506,732.21
|
|
Sub-total of cash inflows from
financing activities
|
61,400,000.00
|
259,291,906.00
|
|
Cash repayment of debts
|
701,986,577.48
|
677,771,533.42
|
|
Cash paid for distribution of
dividends, profits or interest expenses
|
1,677,960,167.30
|
256,459,847.50
|
|
Sub-total of cash outflows from
financing activities
|
2,441,346,744.78
|
1,193,523,286.92
|
|
Net cash flows from financing
activities
|
-827,891,798.47
|
-754,016,554.71
|
|
IV.
Effects of exchange rate changes on cash and cash
equivalents
|
-13,714,652.80
|
103,576,498.21
|
|
V.
Net increase in cash and cash equivalents
|
-2,880,565,589.52
|
-880,889,949.41
|
|
Add: Opening balance of cash and
cash equivalents
|
8,826,106,622.07
|
8,455,177,493.26
|
|
VI.
Closing balance of cash and cash equivalents
|
5,945,541,032.55
|
7,574,287,543.85
|
Person-in-charge of the
Company: Zhang Chuanwei Person-in-charge of accounting: Liang Caifa
Head of
accountant firm: Zhang Feng
Adjustments to financial statements
at the beginning of the year upon initial adoption of new
accounting standards or interpretations of standards for the first
time since 2024
□Applicable √Not applicable
Ming Yang
Smart Energy Group Limited
30
October, 2024