虹美菱B：2023年第一季度报告
Stock Code: 000521, 200521 Stock Abbreviation: Changhong Meiling, Hongmeiling BAnnouncement No.: 2023-025
Changhong Meiling Co., Ltd.The First Quarterly Report of 2023
The Company and whole members of the Board guarantee that the information disclosed is true, accurate andcomplete and there are no fictitious records, misleading statements or material omissions carried in the Report.
Important Note:
1. Board of Directors and the Supervisory Committee of Changhong Meiling Co., Ltd. (hereinafter referred to asthe Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy andcompletion of the quarterly report, there are no any fictitious statements, misleading statements or importantomissions carried in this report, and shall take legal responsibilities, individual and/or joint.
2. Person in charge of the Company, head of accounting and person in charger of accounting organ (accountingofficer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate and complete.
3. The first quarterly report audited or not
□Yes √No
I. Main financial data(i) Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data or not
√Yes □No
Reasons for retroactive adjustment or restatement of the previous accounting data
√Changes in accounting policies □ Correction of accounting errors □ Business consolidation under the same control
□ Other reasons
| Current Period | Same period of last year | Changes of this period over same period of last year | ||
| Before adjustment | After adjustment | After adjustment | ||
| Operating income (RMB) | 5,025,237,527.25 | 4,012,925,239.44 | 4,012,925,239.44 | 25.23% |
| Net profit attributable to shareholders of the listed company (RMB) | 122,540,351.10 | 5,147,648.23 | 5,147,648.23 | 2,280.51% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 103,510,051.94 | -22,549,982.34 | -22,549,982.34 | 559.02% |
| Net cash flow arising from operating activities (RMB) | -372,008,676.48 | -1,064,503,447.07 | -1,064,503,447.07 | 65.05% |
| Basic earnings per share (RMB/Share) | 0.1190 | 0.0050 | 0.0050 | 2,280.00% |
| Diluted earnings per share (RMB/Share) | 0.1190 | 0.0050 | 0.0050 | 2,280.00% |
| Weighted average ROE | 2.34% | 0.10% | 0.10% | Increase by 2.24 percentage points |
| End of this period | End of last period | Changes of this period-end over same period-end of last year | ||
| Before adjustment | After adjustment | After adjustment | ||
| Total assets (RMB) | 17,061,136,133.84 | 16,200,361,212.80 | 16,205,296,370.67 | 5.28% |
| Owners’ equity attributable to shareholders of listed company (RMB) | 5,296,286,171.68 | 5,168,286,872.09 | 5,168,471,419.72 | 2.47% |
Reasons of accounting policy change and correction of accounting errorsThe Company made the accounting policy change in accordance with the "Accounting Standard for BusinessEnterprises No. 16Interpretation " issued by the Ministry of Finance on November 30, 2022: "The deferred incometax related to assets and liabilities arising from a single transaction is not subject to the accounting treatment of theinitial recognition exemption", and chose to implement from January 1, 2023.(ii)Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
| Item | Current amount | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | ||
| Governmental subsidy calculated into current gains and losses(while closely related with the normal business of the Company, the government subsidy that accord with the provision of national policies and are continuously enjoyed in line with a certain standard quota or quantity are excluded) | 10,348,869.48 | Mainly due to government subsidies. |
| Gain and loss from change of the fair value arising from transactional monetary assets, transactional financial liabilities as held as well as the investment income arising from disposal of the transactional monetary assets, transactional financial liabilities and financial assets available for sale excluding the effective hedging transaction in connection with the Company’s normal business | 6,095,174.23 | Mainly due to investment income obtained from the disposal of trading financial assets |
| Other non-operating income and expenses other than the above | 5,012,362.28 | Mainly due to income from fines. |
| Less: impact on income tax | 421,943.41 | |
| Impact on minority shareholders’ equity (post-tax) | 2,004,163.42 | |
| Total | 19,030,299.16 | -- |
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain 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
□ Applicable √ Not applicable
There are no 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(iii)Particulars about material changes in items of main accounting statement and financial index andexplanations of reasons
√ Applicable □Not applicable
1.Changes and reasons of items in balance sheet
In RMB
| Item | Ending balance | Opening balance | Changes ratio | Reasons of changes |
| Trading financial assets | 250,802,870.28 | 57,660,588.67 | 334.96% | Mainly due to the purchase of wealth management products by the Company in the current period. |
Account receivable
| Account receivable | 1,885,992,283.98 | 1,306,871,945.85 | 44.31% | Mainly due to the increase in the Company's operating income in the current period |
| Inventory | 2,448,841,210.43 | 1,710,306,933.71 | 43.18% | Mainly due to the increase in the Company's operating income in the current period |
| Non-current asset due within one year | 270,422,555.56 | 170,167,638.89 | 58.92% | Mainly due to the reclassification of the current corporate debt investment to maturity within one year |
Other current assets
| Other current assets | 166,239,145.08 | 120,589,431.85 | 37.86% | Mainly due to the increase in the Company's time deposits in the current period. |
| Creditor's rights investment | 202,020,611.11 | 121,543,750.00 | 66.21% | Mainly due to the increase in the Company's large certificates of deposit in the current period. |
Other non-current assets
| Other non-current assets | 2,411,486.64 | 893,238.57 | 169.97% | Mainly due to the increase in the Company's prepaid project payment in the current period |
Account payable
| Account payable | 4,027,615,277.29 | 2,917,997,138.00 | 38.03% | Mainly due to the increase in the Company's raw material procurement in the current period. |
| Other current liabilities | 29,608,735.19 | 22,605,269.51 | 30.98% | Mainly due to the increase in relevant taxes and fees caused by the increase in the Company's advance receipts in the current period. |
| Special reserve | 6,929,368.76 | 2,467,205.78 | 180.86% | Mainly due to the Company's provision of safety production expenses in the current period. |
2.Changes and reasons of items in profit statement
In RMB
| Item | Current period | Amount at the same period of last year | Changes ratio | Reasons of changes |
| Tax and extras | 39,314,902.23 | 29,031,104.40 | 35.42% | Mainly due to the increase in related taxes and fees due to the increase in the Company's sales in the current period |
Other income
| Other income | 11,993,948.27 | 26,202,120.61 | -54.23% | Mainly due to the YOY decrease in government subsidies received by the Company in the current period. |
| Investment earnings | 11,296,852.87 | 7,547,051.46 | 49.69% | Mainly due to the increase in the profit of the Company's associates in the current period. |
| Gains on changes in fair value | 1,581,886.04 | -1,533,990.67 | 203.12% | Mainly caused by the change in the fair value of the Company's irrevocable orders and forward foreign exchange contracts in the current period. |
| Gains on disposal of assets | - | 3,689,706.71 | -100.00% | Mainly due to there’s no proceeds from asset disposal by the Company in the current period. |
Non-operating income
| Non-operating income | 5,645,604.54 | 1,073,158.74 | 426.07% | Mainly due to the increase in revenue from fines received by the Company in the current period. |
Income tax expenses
| Income tax expenses | 7,491,433.56 | -1,669,169.27 | 548.81% | Mainly due to the increase in income tax expense due to the increase in the Company's taxable income in the current period |
| Gains/losses of minority’s interest | 5,547,007.66 | 8,232,999.11 | -32.62% | Mainly due to the YOY decrease in the earnings of some non-wholly-owned subsidiaries of the Company in the current period. |
3.Changes and reasons of items in cash flow statement
In RMB
| Item | Current period | Amount at the same period of last year | Changes ratio | Reasons of changes |
Other cash receivedconcerning operationactivities
| Other cash received concerning operation activities | 23,940,223.82 | 39,337,433.81 | -39.14% | Mainly due to the YOY decrease in government subsidies received by the Company in the current period. |
| Taxes paid | 75,109,108.69 | 132,796,426.52 | -43.44% | Mainly due to the YOY decrease in various taxes paid by the Company in the current period. |
| Cash received from recovery of investment | 150,000,000.00 | 1,539,824.00 | 9,641.37% | Mainly due to the withdrawal of corporate wealth management products at maturity in the current period. |
Net cash received fromdisposal of fixed assets,intangible assets and otherlong-term assets
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 114,445.00 | 8,304,653.60 | -98.62% | Mainly due to the YOY decrease in cash received by the Company for the disposal of assets in the current period. |
| Cash paid for investments | 560,000,000.00 | 220,000,000.00 | 154.55% | Mainly due to the purchase of wealth management products and large certificates of deposit by the Company in the current period. |
| Other cash received concerning financing activities | 250,646,926.33 | 4,466,696.88 | 5,511.46% | Mainly due to the constrained recovery of the Company's guarantee deposits in the current period. |
Cash paid for settling debts
| Cash paid for settling debts | 435,000,000.00 | 175,000,000.00 | 148.57% | Mainly due to the y-o-y Increase in repayment of loans in the Period |
| Cash paid for dividend and profit distributing or interest paying | 4,998,050.47 | 10,261,148.45 | -51.29% | Mainly due to the YOY decrease in interest paid by the Company in the current period. |
Other cash paid concerningfinancing activities
| Other cash paid concerning financing activities | 45,458,808.90 | 4,144,046.56 | 996.97% | Mainly due to the constrained recovery of the Company's guarantee deposits in the current period. |
Effect of exchange ratechanges on cash
| Effect of exchange rate changes on cash | -11,739,344.83 | 398,221.49 | -3,047.94% | Mainly due to the change of exchange rate in the Period |
II. Shareholders
(i)Total number of common shareholders and preference shareholders with voting rights recovered and topten shareholders
In Shares
| Total number of common shareholders at the end of report period | 48,771 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||||
| Top ten shareholders | |||||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of lock-up shares held | Information of shares pledged, tagged or frozen | ||||||
| State of share | Amount | ||||||||||
| Sichuan Changhong Electric Co., Ltd. | State-owned legal person | 24.12% | 248,457,724 | 0 | - | -- | |||||
| Hefei Industry Investment Holding (Group) Co., Ltd. | State-owned legal person | 4.64% | 47,823,401 | 0 | - | - | |||||
| CHANGHONG (HK) TRADING LIMITED | Foreign legal person | 2.63% | 27,077,797 | 0 | - | - | |||||
| Taiping Asset－ICBC－Taiping Star 19 investment products | Domestic non-state-owned legal person | 2.22% | 22,851,100 | 0 | - | - | |||||
| Huaan Funds－Bank of Shanghai－Huaan Funds－New Era No.2 Collective Asset Management plan | Domestic non-state-owned legal person | 1.99% | 20,520,700 | 0 | - | - | |||||
| CAO SHENGCHUN | Foreign natural person | 1.43% | 14,766,086 | 0 | - | - | |||||
| Xu Aiyun | Domestic natural person | 1.36% | 14,038,200 | 0 | - | - | |||||
| Huaan Funds－Industrial Bank－Huaan Funds－New Era No.1 Asset Management Plan | Domestic non-state-owned legal person | 1.15% | 11,822,201 | 0 | - | - | |||||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | Domestic non-state-owned legal person | 1.04% | 10,733,452 | 0 | - | - | |||||
| Wang Xinzhong | Domestic natural person | 0.94% | 9,679,240 | 0 | - | - | |||||
| Top ten shareholders with unrestricted shares held | |||||||||||
| Shareholder’s name | Amount of unrestricted shares held | Type of shares | |||||||||
| Type | Amount | ||||||||||
| Sichuan Changhong Electric Co., Ltd. | 248,457,724 | RMB ordinary shares | 248,457,724 | ||||||||
| Hefei Industry Investment Holding (Group) Co., Ltd. | 47,823,401 | RMB ordinary shares | 47,823,401 | ||||||||
| CHANGHONG (HK) TRADING LIMITED | 27,077,797 | Domestically listed foreign shares | 27,077,797 | ||||||||
| Taiping Asset－ICBC－Taiping Star 19 investment products | 22,851,100 | RMB ordinary shares | 22,851,100 | ||||||||
| Huaan Funds－Bank of Shanghai－Huaan Funds－New Era No.2 Collective Asset Management plan | 20,520,700 | RMB ordinary shares | 20,520,700 | ||||||||
| CAOSHENGCHUN | 14,766,086 | Domestically listed foreign shares | 14,766,086 | ||||||||
| Xu Aiyun | 14,038,200 | RMB ordinary shares | 14,038,200 | ||||||||
| Huaan Funds－Industrial Bank－Huaan Funds－New Era No.1 Asset Management Plan | 11,822,201 | RMB ordinary shares | 11,822,201 | ||||||||
| Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) | 10,733,452 | RMB ordinary shares | 10,733,452 | |
| Wang Xinzhong | 9,679,240 | RMB ordinary shares | 9,679,240 | |
| Explanation on associated relationship among the aforesaid shareholders | Among the above shareholders, CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co., Ltd., the foregoing shareholders constitute persons of uniform action. There existed no associated relationship or belong to the concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder Equity Changes of Listed Companies among Sichuan Changhong Electric Co., Ltd, Hong Kong Changhong and other top 8 shareholders, “Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) ” refers to the products of Caitong Fund Management Company subscribe for privately placement of 2016; The company neither knows whether there is any association among other shareholders, nor knows whether other shareholders belong to the persons acting in concert that is stipulated in the “Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies”. | |||
| Explanation on top ten shareholders involving margin business (if applicable) | As of March 31, 2023, among the top 10 common shareholders, Wang Xinzhong holds 9,679,240 shares of the Company through customer credit trading secured account of Sinolink Securities Co., Ltd., resulting in a total of 9,679,240 shares of the Company. | |||
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stockheld
□ Applicable √ Not applicable
III. Other important matters
√Applicable □Not applicable
| Overview | Date for disclosure | Information index for temporary report disclosure |
| After the resolution adopted by the board of directors and the board of supervisors of the Company, it’s agreed that the Company will with its own funds of 45 million yuan participate in the establishment of "Sichuan Hongyun Information Technology Venture Capital Fund Partnership (Limited Partnership)" (tentative name, subject to the approval and registration of the market regulatory department), and serve as a limited partner of the fund. | January 18,2023 | Juchao Website:http://www.cninfo.com.cn（No.: 2023-002,2023-003 and 2023-004） |
| After the resolution adopted by the board of directors and the board of supervisors of the Company, it’s agreed that the Company and its subsidiaries will make a single provision for bad debts for receivables of the customer Changhong RUBA Electric Appliance Co., Ltd(an associate of Zhongshan Changhong Electric Appliance Co., Ltd-a subsidiary to the Company) in the fourth quarter of 2022, and agreed that the Company, its subsidiaries Hefei Meiling Group Holdings Co., Ltd. and Sichuan Changhong Air Conditioning Co., Ltd and Sichuan Zhiyijia Network Technology Co., Ltd-an associate of the Company, made a single provision for bad debts for the receivables of Gome System (Gome System is the collective name of Gome's subsidiaries, branches, offices and agencies at all levels), with the total amount for the aforementioned single provisions for bad debts of 101,962,546.44 yuan. | January 18,2023 | Juchao Website:http://www.cninfo.com.cn（No.:2023-002,2023-003 and 2023-005） |
| After the resolution adopted by the board of directors of the Company, it’s agreed to renew the appointment of ShineWing CPA (LLP) as the auditor of the Company's 2023 annual financial report and internal control for one year. | March 31,2023 | Juchao Website: http://www.cninfo.com.cn（No.:2023-011 and 2023-015） |
| After the resolution adopted by the board of directors of the Company, it’s agreed that the Company and its subsidiaries will carry out forward foreign exchange fund trading business from July 1, 2023 to June 30, 2024, with a transaction balance of not more than USD 1.046 billion (mainly including: USD, AUD, EURO, and all other foreign currencies converted into USD), and the delivery period of a single business shall not exceed 1 year. | March 31,2023 | Juchao Website:http://www.cninfo.com.cn（No.:2023-011 and 2023-016） |
| After the resolution adopted by the board of directors and the board of | March 31,2023 | Juchao |
| supervisors of the Company, in accordance with the principles of legal compliance, standardized operation, one-by-one examination and approval, and account write-off records, it’s agreed to write off a total of 1,307,424.41 yuan of bad debts that were truly unrecoverable by Zhongshan Changhong-a subsidiary of the Company. | Website:http://www.cninfo.com.cn（No.:2023-011 ,2023-012 and 2023-017） | |
| After the resolution adopted by the board of directors of the Company, it’s approved that the Company and its subsidiaries will apply for a special credit line of up to 400 million yuan for the bill pool from Hefei Branch of Industrial Bank Co., Ltd; will apply for a special credit line of up to 300 million yuan for the bill pool from Hefei Branch of Ping An Bank Co., Ltd; and will apply for a special credit line of up to 400 million yuan for the bill pool from Hefei Branch of Jiujiang Bank Co., Ltd. | March 31,2023 | Juchao Website:http://www.cninfo.com.cn（No.:2023-011 and 2023-018） |
IV. Quarterly financial statements(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Changhong Meiling Co., Ltd.
In RMB
| Item | Ending balance | Opening balance |
| Current assets: | ||
| Monetary fund | 5,853,929,091.02 | 6,839,421,779.13 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | 250,802,870.28 | 57,660,588.67 |
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | 1,885,992,283.98 | 1,306,871,945.85 |
| Receivable financing | 1,568,606,632.24 | 1,446,358,719.88 |
| Account paid in advance | 45,024,757.74 | 45,859,491.55 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 97,372,570.89 | 88,354,803.24 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventory | 2,448,841,210.43 | 1,710,306,933.71 |
| Contract assets | 3,247,449.48 | 3,530,922.13 |
| Assets held for sale | ||
| Non-current asset due within one year | 270,422,555.56 | 170,167,638.89 |
| Other current assets | 166,239,145.08 | 120,589,431.85 |
| Total current assets | 12,590,478,566.70 | 11,789,122,254.90 |
| Non-current assets: | ||
| Loans and payments on behalf | ||
| Creditor's rights investment | 202,020,611.11 | 121,543,750.00 |
| Other Creditor's rights investment | ||
| Long-term account receivable | ||
| Long-term equity investment | 98,569,119.93 | 100,384,428.50 |
| Investment in other equity instrument | ||
| Other non-current financial assets | 628,549,448.31 | 628,549,448.31 |
| Investment real estate | 52,403,667.58 | 52,898,060.89 |
| Fixed assets | 2,192,388,880.83 | 2,229,553,866.96 |
| Construction in progress | 80,533,557.98 | 66,522,492.77 |
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | 33,430,513.42 | 36,646,135.10 |
| Intangible assets | 933,580,214.84 | 900,568,008.21 |
| Expense on research and development | 73,347,089.12 | 102,148,390.57 |
| Goodwill | ||
| Long-term expenses to be apportioned | 16,390,674.26 | 14,900,600.59 |
| Deferred income tax asset | 157,032,303.12 | 161,565,695.30 |
| Other non-current assets | 2,411,486.64 | 893,238.57 |
| Total non-current asset | 4,470,657,567.14 | 4,416,174,115.77 |
| Total assets | 17,061,136,133.84 | 16,205,296,370.67 |
| Current liabilities: | ||
| Short-term loans | 488,328,290.84 | 674,143,916.67 |
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | 33,521,920.35 | 41,961,524.78 |
| Derivative financial liability | ||
| Note payable | 4,681,667,908.72 | 4,964,374,512.60 |
| Account payable | 4,027,615,277.29 | 2,917,997,138.00 |
| Accounts received in advance | ||
| Contract liabilities | 414,514,806.14 | 358,755,397.77 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 317,581,219.13 | 348,154,915.13 |
| Taxes payable | 76,006,534.88 | 80,287,878.62 |
| Other account payable | 901,277,527.86 | 828,207,568.21 |
| Including: Interest payable | ||
| Dividend payable | 4,978,994.16 | 4,978,994.16 |
| Commission charge and commission payable | ||
| Reinsurance payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | 29,702,488.42 | 30,287,099.08 |
| Other current liabilities | 29,608,735.19 | 22,605,269.51 |
| Total current liabilities | 10,999,824,708.82 | 10,266,775,220.37 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term loans | 148,000,000.00 | 148,000,000.00 |
| Bonds payable | ||
| Including: Preferred stock |
| Perpetual capital securities | ||
| Lease liability | 25,796,848.32 | 28,164,287.97 |
| Long-term account payable | 1,097,197.29 | 1,145,286.48 |
| Long-term wages payable | 10,329,623.86 | 10,790,859.64 |
| Accrual liability | 32,851,482.36 | 32,685,631.78 |
| Deferred income | 153,738,339.98 | 161,013,911.91 |
| Deferred income tax liabilities | 16,171,532.93 | 17,509,503.08 |
| Other non-current liabilities | ||
| Total non-current liabilities | 387,985,024.74 | 399,309,480.86 |
| Total liabilities | 11,387,809,733.56 | 10,666,084,701.23 |
| Owner’s equity: | ||
| Share capital | 1,029,923,715.00 | 1,029,923,715.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 2,806,493,904.30 | 2,806,493,904.30 |
| Less: Treasury shares | ||
| Other comprehensive income | -20,069,224.75 | -20,881,462.63 |
| Special reserve | 6,929,368.76 | 2,467,205.78 |
| Surplus public reserve | 441,218,691.48 | 441,218,691.48 |
| Provision of general risk | ||
| Retained profit | 1,031,789,716.89 | 909,249,365.79 |
| Total owner’ s equity attributable to parent company | 5,296,286,171.68 | 5,168,471,419.72 |
| Minority interests | 377,040,228.60 | 370,740,249.72 |
| Total owner’ s equity | 5,673,326,400.28 | 5,539,211,669.44 |
| Total liabilities and owner’ s equity | 17,061,136,133.84 | 16,205,296,370.67 |
Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
2. Consolidated Profit Statement
In RMB
| Item | Current period | Last period |
| I. Total operating income | 5,025,237,527.25 | 4,012,925,239.44 |
| Including: Operating income | 5,025,237,527.25 | 4,012,925,239.44 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 4,890,898,229.81 | 4,011,460,060.46 |
| Including: Operating cost | 4,288,663,147.76 | 3,505,133,832.06 |
| 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 | ||
| Tax and extras | 39,314,902.23 | 29,031,104.40 |
| Sales expense | 396,134,102.96 | 335,122,981.27 |
| Administrative expense | 77,699,944.12 | 74,774,111.15 |
| R&D expense | 127,905,030.12 | 108,762,671.65 |
| Financial expenses | -38,818,897.38 | -41,364,640.07 |
| Including: Interest expenses | 5,614,718.39 | 11,459,855.40 |
| Interest income | 39,706,698.73 | 34,441,441.46 |
| Add: other income | 11,993,948.27 | 26,202,120.61 |
| Investment income (Loss is listed with “-”) | 11,296,852.87 | 7,547,051.46 |
| Including: Investment income on affiliated company and joint venture | 6,156,271.45 | 2,224,748.61 |
| The termination of income recognition for financial assets measured by amortized cost | -2,610,734.55 | |
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | 1,581,886.04 | -1,533,990.67 |
| Loss of credit impairment (Loss is listed with “-”) | -15,886,816.82 | -13,619,904.38 |
| Losses of devaluation of asset (Loss is listed with “-”) | -12,758,737.76 | -12,316,116.48 |
| Income from assets disposal (Loss is listed with “-”) | 3,689,706.71 | |
| III. Operating profit (Loss is listed with “-”) | 130,566,430.04 | 11,434,046.23 |
| Add: Non-operating income | 5,645,604.54 | 1,073,158.74 |
| Less: Non-operating expense | 633,242.26 | 795,726.90 |
| IV. Total profit (Loss is listed with “-”) | 135,578,792.32 | 11,711,478.07 |
| Less: Income tax expense | 7,491,433.56 | -1,669,169.27 |
| V. Net profit (Net loss is listed with “-”) | 128,087,358.76 | 13,380,647.34 |
| (i) Classify by business continuity | ||
| 1. Net profit from continuing operations (net loss listed with “-”) | 128,087,358.76 | 13,380,647.34 |
| 2. Net profit from termination of operations (net loss listed with “-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 122,540,351.10 | 5,147,648.23 |
| 2.Minority shareholders’ gains and losses | 5,547,007.66 | 8,232,999.11 |
| VI. Net after-tax of other comprehensive income | 1,054,218.75 | -344,376.37 |
| Net after-tax of other comprehensive income attributable to owners of parent company | 812,237.88 | -369,715.25 |
| (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | 812,237.88 | -369,715.25 |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | ||
| 3.Amount of financial assets re-classify to other comprehensive income |
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | 812,237.88 | -369,715.25 |
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 241,980.87 | 25,338.88 |
| VII. Total comprehensive income | 129,141,577.51 | 13,036,270.97 |
| Total comprehensive income attributable to owners of parent Company | 123,352,588.98 | 4,777,932.98 |
| Total comprehensive income attributable to minority shareholders | 5,788,988.53 | 8,258,337.99 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.1190 | 0.0050 |
| (ii) Diluted earnings per share | 0.1190 | 0.0050 |
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuanbefore combination, and realized 0.00 Yuan at last period for combined party.Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun
3. Consolidated Cash Flow Statement
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: | ||
| Cash received from selling commodities and providing labor services | 4,561,489,109.85 | 3,914,069,915.96 |
| 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 | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | 119,861,984.88 | 137,758,875.67 |
| Other cash received concerning operating activities | 23,940,223.82 | 39,337,433.81 |
| Subtotal of cash inflow arising from operating activities | 4,705,291,318.55 | 4,091,166,225.44 |
| Cash paid for purchasing commodities and receiving labor service | 4,319,024,021.57 | 4,337,604,502.71 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip |
| Cash paid to/for staff and workers | 500,241,447.73 | 448,108,157.26 |
| Taxes paid | 75,109,108.69 | 132,796,426.52 |
| Other cash paid concerning operating activities | 182,925,417.04 | 237,160,586.02 |
| Subtotal of cash outflow arising from operating activities | 5,077,299,995.03 | 5,155,669,672.51 |
| Net cash flows arising from operating activities | -372,008,676.48 | -1,064,503,447.07 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 150,000,000.00 | 1,539,824.00 |
| Cash received from investment income | 11,517,830.00 | 11,003,504.00 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 114,445.00 | 8,304,653.60 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 54,625,623.42 | 52,685,195.90 |
| Subtotal of cash inflow from investing activities | 216,257,898.42 | 73,533,177.50 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 69,827,261.89 | 71,711,824.73 |
| Cash paid for investment | 560,000,000.00 | 220,000,000.00 |
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 8,997.51 | 700.67 |
| Subtotal of cash outflow from investing activities | 629,836,259.40 | 291,712,525.40 |
| Net cash flows arising from investing activities | -413,578,360.98 | -218,179,347.90 |
| 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 | 248,567,208.06 | 225,000,000.00 |
| Other cash received concerning financing activities | 250,646,926.33 | 4,466,696.88 |
| Subtotal of cash inflow from financing activities | 499,214,134.39 | 229,466,696.88 |
| Cash paid for settling debts | 435,000,000.00 | 175,000,000.00 |
| Cash paid for dividend and profit distributing or interest paying | 4,998,050.47 | 10,261,148.45 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | 45,458,808.90 | 4,144,046.56 |
| Subtotal of cash outflow from financing activities | 485,456,859.37 | 189,405,195.01 |
| Net cash flows arising from financing activities | 13,757,275.02 | 40,061,501.87 |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | -11,739,344.83 | 398,221.49 |
| V. Net increase of cash and cash equivalents | -783,569,107.27 | -1,242,223,071.61 |
| Add: Balance of cash and cash equivalents at the period-begin | 6,113,222,069.76 | 5,840,194,931.57 |
| VI. Balance of cash and cash equivalents at the period-end | 5,329,652,962.49 | 4,597,971,859.96 |
Legal Representative: Wu DinggangPerson in charge of accounting works: Pang HaitaoPerson in charge of accounting institute: Yang Jun(ii) Audit reportWhether the 1
st
quarterly report has been audited or not
□Yes √ No
The Fist quarterly report of the Company has not been audited.
Board of Directors of Changhong Meiling Co., Ltd.
April 20, 2023
附件：公告原文