厦门象屿：Xiamen Xiangyu Report for First Quarter of2024
Stock Code: 600057 Stock Abbreviation: Xiamen Xiangyu
Xiamen Xiangyu Co., Ltd.Report for First Quarter of 2024
The Board of Directors and all Directors of the Company shall guarantee that there is nofalse recordation, misleading statement, or material omission in contents of thisAnnouncement, and shall assume the legal liability for authenticity, accuracy andcompleteness of such contents.
Notes to Important Items:
The Board of directors, the Board of Supervisors, as well as Directors, Supervisors and SeniorManagement of the Company shall guarantee the authenticity, accuracy, and completeness ofthe contents of the Quarterly Report without any false recordation, misleading statement, ormaterial omission, and shall assume the joint and several legal liabilities.The person in charge of the Company, the person in charge of financial affairs, and the leadingmember of the accounting body (the person in charge of accounting) shall guarantee theauthenticity, accuracy and completeness of the financial information in the Quarterly Report.Whether the financial statements for the first quarter are audited or not
□Yes √No
This report is prepared in both Chinese and English. The Chinese version shall prevail in caseof any discrepancy between the Chinese and English texts.
I. Key financial data
(1) Key accounting data and financial indicators
Unit: million Yuan Currency: RMB
| Item | Current Reporting Period | YoY Change (%) |
| Revenue | 104,568.01 | -19.03 |
| Net Profit Attributable to the Shareholders of the Listed | 407.65 | -25.39 |
| Company | |||
| Net profits Attributable to the Shareholders of the Listed Company after Deducting Non-recurring Gains and Losses | -10.26 | -122.85 | |
| Net Cash Flow Generated from Operating Activities | -11,357.79 | Not Applicable | |
| Basic Earnings Per Share (RMB/share) | 0.15 | -34.78 | |
| Diluted Earnings Per Share (RMB/share) | 0.15 | -34.78 | |
| Weighted Average Return on Equity (%) | 2.19 | -36.15 | |
| At the End of Reporting Period | At the End of Last Year | Changes Compared to the End of Last Year (%) | |
| Total Assets | 133,669.17 | 129,705.19 | 3.06 |
| Equity Attributable to the Shareholders of the Listed Company | 23,422.65 | 20,841.31 | 12.39 |
Remark:
In the above statement, the net profit attributable to the shareholders of the listed company inthe current reporting period includes the interests attributable to the holders of the perpetualbonds in the reporting period in the amount of RMB 77 million; after deducting such interest, theamount of the net profit attributable to the shareholders of the listed company in the currentreporting period is RMB 330 million. When calculating the basic earnings per share, the dilutedearnings per share, the weighted average net return on equity, and other key financialindicators, the perpetual bonds and the interests accrued thereon are deducted.
(2) Non-recurring gain and loss items and amounts thereof
Unit: Yuan Currency: RMB
| Non-recurring Gain and Loss Item | Amount in current reporting period | Remark |
| Gain or loss on disposal of non-current assets, including the write-off for the accrued impairment of assets | -465,729.88 | |
| The government subsidies (except for those closely related to the Company’s normal business operations, in line with national policies, continuously available at certain standard quota or ration) | 144,254,198.15 |
| included in the current profit and loss | ||
| Except for the effective hedging business related to the Company’s normal business operations, the changes in fair value recognized in profit or loss derived from holding financial assets and financial liabilities by non-financial enterprises, and the gains and losses arising from the disposal of financial assets and financial liabilities | 334,756,114.68 | Mainly including the changes in fair value recognized in profit or loss and the gains and losses on disposal arising from the hedging against the fluctuation in commodity price and exchange rate by the Company with futures instrument and foreign exchange contract in order to support the spot operation of the main business, which are closely related to the operating profit and loss of the main business. |
| Reversal of the impairment provision for receivables of which the impairment tests are carried out separately | 1,609,996.57 | |
| Trustee fee from entrusted operations | 1,686,320.82 | |
| Other non-operating incomes and expenses than those mentioned above | 7,001,466.01 | |
| Less: Amount of income tax consequence | 102,645,276.58 | |
| Amount of minority equity consequence (after tax) | -31,718,842.31 | |
| Total | 417,915,932.08 |
For items not listed in the Explanatory Announcement on Information Disclosure for CompaniesOffering Securities to the Public No.1 - Non-recurring Gains and Losses but defined asnon-recurring gains or losses by the Company with material amount, as well as thenon-recurring profit and loss items listed in Explanatory Announcement on InformationDisclosure for Companies Offering Securities to the Public No.1 - Non-recurring Gains andLosses but defined as recurring gains and losses by the Company, explanations should beprovided.
□Applicable √Not Applicable
(3) The circumstances and causes for occurrence of changes in the key accounting data andfinancial indicators
√Applicable □Not Applicable
| Name of item | Proportion of change (%) | Main cause |
| Net profits Attributable to the Shareholders of the Listed Company after Deducting Non-recurring Gains and Losses | -122.85 | During the reporting period, the downstream demand has marginally improved, the company's business operation has remained stable, and the operating performance has improved sequentially. Due to the high base of performance in the first quarter of 2023, the operating performance in the first quarter of this year declined YoY. |
| Basic Earnings Per Share (RMB/share) | -34.78 | |
| Diluted Earnings Per Share (RMB/share) | -34.78 | |
| Weighted Average Return on Equity (%) | -36.15 | |
| Net Cash Flow Generated from Operating Activities | Not applicable | Net cash flow from operating activities decreased cash outflow of RMB14.45 billion YoY, mainly due to the acceleration of sales collection from the bulk commodity business during the reporting period, as well as the adjustment of the procurement and sales pace of the agricultural product supply chain. |
II. Information on shareholders
(1) The total number of common shareholders, the number of preferred shareholders whosevoting rights are restored, and the shares held by top ten shareholders
Unit: Share
| Total number of shareholders at the end of the reporting period | 47,275 | Total number of preferred shareholders whose voting rights are restored at the end of the reporting period (if any) | 0 | |||
| Shares holding by top 10 shareholders (excluding shares lent through refinancing) | ||||||
| Name of Shareholder | Nature of Shareholder | Number of Shares Held | Proportion of Shareholding (%) | Number of Restricted Shares Held | Pledge, Marking, or Freezing | |
| Status of Share | Quantity | |||||
| Xiamen Xiangyu Group Corporation | State-owned legal person | 1,145,504,792 | 50.33 | 0 | No | 0 |
| National Social Security Fund Portfolio 114 | Others | 51,530,160 | 2.26 | 0 | No | 0 |
| Xiamen CCRE Group Co., Ltd. | State-owned legal person | 50,226,994 | 2.21 | 0 | No | 0 |
| China Merchants Bank Co., Ltd. - SSE Dividend Trading Open-ended Index Securities Investment Fund | Others | 45,398,638 | 1.99 | 0 | No | 0 |
| China Agricultural Reclamation Industry Development Fund (L.P.) | Others | 43,149,000 | 1.90 | 0 | No | 0 |
| National Social Security Fund Portfolio 503 | Others | 37,000,000 | 1.63 | 0 | No | 0 |
| Xiangyu Real Estate Group Co., Ltd. | State-owned legal person | 30,388,100 | 1.34 | 0 | No | 0 |
| Hong Kong Securities Clearing Company Ltd. | Overseas legal person | 29,561,663 | 1.30 | 0 | No | 0 |
| Guosen Securities Co.,Ltd. | State-owned legal person | 19,308,221 | 0.85 | 0 | No | 0 |
| Chinese Life Insurance Co., Ltd.-Traditional-General Insurance Products-005L-CT001 Shanghai | Others | 18,021,618 | 0.79 | 0 | No | 0 |
| Shares holding by top 10 unrestricted shareholders | ||||||
| Name of Shareholder | Number of unrestricted outstanding shares held | Class and number of shares | ||||
| Class of shares | Number | |||||
| Xiamen Xiangyu Group Corporation | 1,145,504,792 | RMB ordinary shares | 1,145,504,792 | |||
| National Social Security Fund Portfolio 114 | 51,530,160 | RMB ordinary shares | 51,530,160 | |||
| Xiamen CCRE Group Co., Ltd. | 50,226,994 | RMB ordinary shares | 50,226,994 | |||
| China Merchants Bank Co., Ltd. - SSE Dividend Trading Open-ended Index Securities Investment Fund | 45,398,638 | RMB ordinary shares | 45,398,638 |
| China Agricultural Reclamation Industry Development Fund (L.P.) | 43,149,000 | RMB ordinary shares | 43,149,000 |
| National Social Security Fund Portfolio 503 | 37,000,000 | RMB ordinary shares | 37,000,000 |
| Xiangyu Real Estate Group Co., Ltd. | 30,388,100 | RMB ordinary shares | 30,388,100 |
| Hong Kong Securities Clearing Company Ltd. | 29,561,663 | RMB ordinary shares | 29,561,663 |
| Guosen Securities Co.,Ltd. | 19,308,221 | RMB ordinary shares | 19,308,221 |
| Chinese Life Insurance Co., Ltd.-Traditional-General Insurance Products-005L-CT001 Shanghai | 18,021,618 | RMB ordinary shares | 18,021,618 |
| Note to association or concerted action of aforesaid shareholders | Xiangyu Real Estate Group Co., Ltd. is a wholly-owned subsidiary of Xiamen Xiangyu Group Corporation. The Company is not aware that whether there is any association between the other aforesaid shareholders, or whether the other aforesaid shareholders are the person acting in concert as stipulated in the “Administration of the Takeover of Listed Companies Procedures”. | ||
| Notes to participation on top 10 shareholders and top 10 unrestricted shareholders in securities margin trading and refinancing business (if any) | Not applicable | ||
Shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10shareholders of unrestricted outstanding shares participate in the lending of shares in therefinancing business.
□Applicable √Not Applicable
The top 10 shareholders and the top 10 shareholders of unrestricted outstanding shares havechanged compared with the previous period due to the refinancing, lending/repayment.
□Applicable √Not Applicable
III. Other remindersOther important information on the Company’s operating conditions during the reporting periodthat investors shall be reminded of
√Applicable □Not Applicable
1. From October 31, 2023, to January 29, 2024, the controlling shareholder of the
Company, Xiamen Xiangyu Group Co., Ltd. (“Xiangyu Group”) increased its holdings ofthe Company’s shares through the Shanghai Stock Exchange trading system viacentralized bidding. The cumulative increase amounted to a total of 22,901,069 shares,representing 1.01% of the Company’s issued shares, with a cumulative increaseamount of RMB 150.22 million. The implementation of the share increase plan has nowbeen completed.
2. The Proposal to Apply for Registration of DFI Debt Financing Instruments wasconsidered and approved at the 16th meeting of the Ninth Board of Directors and theFirst Extraordinary General Meeting of Shareholders of the Company in 2024. As of thedate of this announcement, the Company has received the Acceptance Notice ofRegistration (Ref. No.: NAFMII Registration Quota [2024] DFI 20), issued by theNational Association of Financial Market Institutional Investors. The registration of theCompany’s debt financing instruments will be valid for a period of 2 years commencingfrom the issue of the Notices.IV. Quarterly financial statements
(1) Type of auditor’s opinions
□Applicable √Not Applicable
(2) Financial statements
Consolidated Balance SheetAs at March 31, 2024Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
| Item | March 31, 2024 | December 31, 2023 |
| Current assets: | ||
| Cash and cash equivalents | 20,730,245,741.50 | 22,255,982,864.26 |
| Deposit reservation for balance | ||
| Lending to Banks and Other Financial Institutions | ||
| Held-for-trading financial assets | 427,216,609.81 | 823,821,583.04 |
| Derivative financial assets | 301,030,500.30 | 290,784,622.08 |
| Notes receivable | 410,315,581.39 | 531,018,797.44 |
| Accounts receivable | 19,417,120,239.90 | 17,808,282,129.58 |
| Financing of receivables | 554,385,688.15 | 562,035,707.23 |
| Prepayments | 28,481,712,644.75 | 30,179,224,372.46 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Provision of cession receivable | ||
| Other receivables | 5,039,523,804.62 | 4,824,363,740.79 |
| Including: Interests receivable | ||
| Dividends receivable | 8,155,895.51 | 8,155,895.51 |
| Redemptory monetary capital for sale | ||
| Inventories | 31,648,557,862.74 | 27,202,095,346.27 |
| Including: Data resources | ||
| Contract assets | 713,484,181.21 | 623,954,297.34 |
| Held-for-sale assets | ||
| Non-current assets due within one year | 755,225,742.63 | 3,940,044.00 |
| Other current assets | 6,750,085,484.21 | 5,727,455,847.03 |
| Total current assets | 115,228,904,081.21 | 110,832,959,351.52 |
| Non-current assets: | ||
| Loan and advance in cash | ||
| Investment in creditor’s right | ||
| Other investments in creditor’s right | ||
| Long-term receivables | 3,220,000.00 | 3,220,000.00 |
| Long-term equity investment | 1,333,329,837.46 | 1,273,802,681.20 |
| Investment in other equity instruments | ||
| Other non-current financial assets | 109,897,282.94 | 118,056,884.24 |
| Investment properties | 1,249,115,717.56 | 1,253,542,856.19 |
| Item | March 31, 2024 | December 31, 2023 |
| Fixed assets | 10,067,658,280.27 | 10,130,256,249.17 |
| Construction in progress | 178,503,443.68 | 90,064,574.87 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 636,237,705.76 | 710,373,088.27 |
| Intangible assets | 2,044,419,081.32 | 2,069,253,992.42 |
| Including: Data resources | ||
| Development expenditure | 10,807,405.28 | 10,773,087.28 |
| Including: Data resources | ||
| Goodwill | 12,669,186.90 | 12,669,186.90 |
| Long-term unamortized expenses | 136,063,316.25 | 145,432,099.20 |
| Deferred income tax assets | 2,141,694,091.32 | 2,011,107,600.24 |
| Other non-current assets | 516,646,783.53 | 1,043,675,008.09 |
| Total non-current assets | 18,440,262,132.27 | 18,872,227,308.07 |
| Total assets | 133,669,166,213.48 | 129,705,186,659.59 |
| Current liabilities: | ||
| Short-term borrowing | 32,700,892,372.82 | 23,072,286,016.00 |
| Borrowings from central bank | ||
| Loans from other banks and other financial institutions | ||
| Trading financial liabilities | ||
| Derivative financial liabilities | 626,447,520.06 | 855,375,659.63 |
| Notes payable | 21,276,688,129.88 | 28,764,603,938.00 |
| Accounts payable | 11,302,447,620.44 | 13,553,556,041.96 |
| Account collected in advance | 37,783,398.46 | 38,393,090.98 |
| Contract liabilities | 12,266,881,752.78 | 10,026,177,969.16 |
| Financial assets sold for repurchase | ||
| Deposits from customers and interbank | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Payroll payable | 859,019,014.81 | 1,210,644,474.69 |
| Taxes payable | 481,613,065.02 | 565,644,171.18 |
| Other payables | 2,853,329,576.48 | 4,498,960,067.44 |
| Including: Interests payable | ||
| Dividends payable | 260,393,219.02 | 245,548,911.32 |
| Handling charges and commissions payable | ||
| Accounts payable for reinsurance | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within one year | 3,112,193,856.94 | 2,960,758,026.04 |
| Other current liabilities | 4,402,602,803.97 | 2,466,462,437.30 |
| Total current liabilities | 89,919,899,111.66 | 88,012,861,892.38 |
| Item | March 31, 2024 | December 31, 2023 |
| Non-current liabilities: | ||
| Provision for insurance contracts | ||
| Long-term borrowings | 2,068,553,989.95 | 1,616,654,995.83 |
| Bonds payable | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liabilities | 287,974,641.11 | 321,494,633.41 |
| Long-term payables | 279,199,097.50 | 195,922,321.13 |
| Long-term payroll payable | 562,941,153.52 | 563,392,657.25 |
| Estimated liabilities | 10,877,980.75 | 9,744,505.66 |
| Deferred income | 262,301,666.66 | 267,228,811.80 |
| Deferred income tax liabilities | 95,237,523.91 | 95,484,174.84 |
| Other non-current liabilities | 1,430,000,000.00 | 1,430,000,000.00 |
| Total non-current liabilities | 4,997,086,053.40 | 4,499,922,099.92 |
| Total liabilities | 94,916,985,165.06 | 92,512,783,992.30 |
| Owner’s equity (or shareholders’ equity): | ||
| Paid-up capital (or capital stock) | 2,276,213,492.00 | 2,268,205,992.00 |
| Other equity instruments | 8,118,300,000.00 | 5,918,300,000.00 |
| Including: Preferred shares | ||
| Perpetual bonds | 8,118,300,000.00 | 5,918,300,000.00 |
| Capital reserve | 6,184,845,794.14 | 6,140,981,890.47 |
| Less: Treasury stock | 438,581,442.95 | 460,513,885.55 |
| Other comprehensive income | 121,114,809.19 | 144,350,107.81 |
| Appropriative reserve | 331,715.01 | |
| Surplus reserve | 809,665,467.34 | 809,665,467.34 |
| General risk reserve | ||
| Undistributed profits | 6,350,756,079.91 | 6,020,320,085.21 |
| Total owner’s equity (or shareholders’ equity) attributable to parent company | 23,422,645,914.64 | 20,841,309,657.28 |
| Minority equity | 15,329,535,133.78 | 16,351,093,010.01 |
| Total owner’s equity (or shareholders’ equity) | 38,752,181,048.42 | 37,192,402,667.29 |
| Total liabilities and owner’s equity (or shareholders’ equity) | 133,669,166,213.48 | 129,705,186,659.59 |
Person in charge of Company: Deng Qidong Person in charge of financial affairs: SuZhuquan Leading member of accounting body: Lin Jing
Consolidated Income StatementJanuary – March 2024Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
| Item | First Quarter of 2024 | First Quarter of 2023 |
| I. Total operating revenue | 104,568,011,386.73 | 129,150,204,083.95 |
| Including: Operating revenue | 104,568,011,386.73 | 129,150,204,083.95 |
| Interest income | ||
| Insurance premium earned | ||
| Handling charges and commissions income | ||
| II. Total operating cost | 104,169,126,348.62 | 128,004,975,289.97 |
| Including: Operating cost | 102,638,121,712.13 | 126,409,791,032.38 |
| Interest expense | ||
| Handling charge and commissions expense | ||
| Surrender value | ||
| Net payment of insurance claims | ||
| Net provision in insurance reserve | ||
| Policy dividend | ||
| Amortized reinsurance expenditures | ||
| Taxes and surcharges | 123,386,001.35 | 136,812,075.96 |
| Selling expenses | 577,866,502.80 | 548,687,861.33 |
| Administrative expenses | 304,500,552.46 | 382,670,902.88 |
| Research & development expense | 20,619,747.24 | 33,042,135.40 |
| Financial expense | 504,631,832.64 | 493,971,282.02 |
| Including: Interest expense | 327,064,594.01 | 422,621,277.93 |
| Interest income | 70,356,747.14 | 59,680,173.13 |
| Add: Other income | 152,092,206.42 | 109,631,299.79 |
| Income from investment (Loss to be filled in with “-”) | 81,663,107.65 | -162,890,813.21 |
| Including: Income from investment in associated enterprise and joint venture | 59,415,477.29 | -125,737,603.12 |
| Income from derecognition of financial assets measured at amortized cost | -13,604,761.76 | -2,875,705.43 |
| Profit or loss on exchange |
| Item | First Quarter of 2024 | First Quarter of 2023 |
| (Loss to be filled in with “-”) | ||
| Net profit on exposure hedging (Loss to be filled in with “-”) | ||
| Income from change in fair value (Loss to be filled in with “-”) | 290,882,895.97 | 500,442,450.42 |
| Loss on credit impairment (Loss to be filled in with “-”) | -28,257,834.53 | -71,077,829.69 |
| Asset impairment loss (Loss to be filled in with “-”) | -314,106,541.81 | -713,960,674.11 |
| Income from disposal of assets (Loss to be filled in with “-”) | -44,677.14 | 69,186.14 |
| III. Operating profit (Loss to be filled in with “-”) | 581,114,194.67 | 807,442,413.32 |
| Add: Non-operating income | 25,037,653.96 | 42,136,210.37 |
| Less: Non-operating expense | 18,457,240.69 | 1,535,802.93 |
| IV. Total profits (Total losses to be filled in with “-”) | 587,694,607.94 | 848,042,820.76 |
| Less: Income tax expense | 58,387,790.20 | 89,575,637.68 |
| V. Net profit (Net loss to be filled in with “-”) | 529,306,817.74 | 758,467,183.08 |
| (I) Classified by sustainability operation | ||
| 1. Net profit from sustainable operation (Net loss to be filled in with “-”) | 529,306,817.74 | 758,467,183.08 |
| 2. Net profit from discontinued operation (Net loss to be filled in with “-”) | ||
| (II) Classified by attribution of ownership | ||
| 1. Net profit attributable to the shareholders of the parent company (Net loss to be filled in with “-”) | 407,653,314.49 | 546,358,768.55 |
| 2. Minority interest income (Net loss to be filled in with “-”) | 121,653,503.25 | 212,108,414.53 |
| VI. Net-of-tax other comprehensive income | -23,297,788.32 | -15,653,896.47 |
| (I) Net-of-tax other comprehensive income attributable to the parent company | -23,235,298.62 | -30,568,238.52 |
| 1. Other comprehensive income that cannot be reclassified as profit and loss | ||
| (1) Amount of changes in | ||
| Item | First Quarter of 2024 | First Quarter of 2023 |
| re-measurement of defined benefit plans | ||
| (2) Other comprehensive income that cannot be transferred to profit and loss under the equity method | ||
| (3) Change in fair value of other investments in equity instruments | ||
| (4) Changes in fair value of enterprise’s own credit risk | ||
| 2. Other comprehensive income to be reclassified as profit and income | -23,235,298.62 | -30,568,238.52 |
| (1) Other comprehensive income that can be transferred to profit and loss under the equity method | -69.73 | |
| (2) Changes in fair value of other investments on bonds | ||
| (3) Amount of financial assets reclassified and included in other comprehensive income | ||
| (4) Provision for credit impairment of other investments in bonds | ||
| (5) Reserve for cash flow hedge | -26,639,747.12 | 15,583,308.43 |
| (6) Translation difference of foreign currency financial statements | 3,404,518.23 | -46,151,546.95 |
| (7) Others | ||
| (II) Net-of-tax other comprehensive income attributable to the minority | -62,489.70 | 14,914,342.05 |
| VII. Total comprehensive income | 506,009,029.42 | 742,813,286.61 |
| (I) Total comprehensive income attributable to the owners of the parent company | 384,418,015.87 | 515,790,530.03 |
| (II) Total comprehensive income attributable to the minority | 121,591,013.55 | 227,022,756.58 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share (Yuan/share) | 0.15 | 0.23 |
| (II) Diluted earnings per share (Yuan/share) | 0.15 | 0.23 |
Person in charge of Company: Deng Qidong Person in charge of financial affairs: SuZhuquan Leading member of accounting body: Lin Jing
Consolidated Cash Flow Statement
January – March, 2024Prepared by: Xiamen Xiangyu Co., Ltd.
Unit: Yuan Currency: RMB Type of Audit: Unaudited
| Item | First Quarter of 2024 | First Quarter of 2023 |
| I. Cash flow from operating activities: | ||
| Cash receiving from sales of goods and rendering of services | 116,330,202,830.93 | 161,445,726,252.95 |
| Net increase in customer deposit and deposit from other banks | ||
| Net increase in borrowing from central bank | ||
| Net increase in funds borrowed from other financial institutions | ||
| Cash obtained by receipt of premiums from original insurance contracts | ||
| Net cash received from reinsurance business | ||
| Net increase in deposit of insured and investment | ||
| Cash received from interests, handling charges, and commissions | ||
| Net increase in loans from other banks and other financial institutions | ||
| Net increase in funds for repurchase business | ||
| Net cash received from acting trading securities | ||
| Refund of tax received | 250,853,036.92 | 100,061,058.88 |
| Other cash received in relation to operating activities | 805,358,212.27 | 778,975,019.50 |
| Subtotal of cash inflow from operating activities | 117,386,414,080.12 | 162,324,762,331.33 |
| Cash paid for sales of goods and rendering of services | 126,228,578,231.50 | 185,373,451,231.27 |
| Net increase in customer loans and advances | ||
| Net increase in deposit in the Central Bank and other banks | ||
| Cash paid for claims under the original insurance contract | ||
| Net increase in lending to banks and other financial institutions | ||
| Cash paid for interest, handling charges, and commissions | ||
| Cash paid for policy dividend | ||
| Cash paid to and for the employees | 922,254,277.18 | 991,795,117.37 |
| Taxes paid | 650,770,597.54 | 943,761,507.85 |
| Other cash paid in relation to operating activities | 942,604,192.26 | 823,258,168.04 |
| Subtotal of cash outflow from operating activities | 128,744,207,298.48 | 188,132,266,024.53 |
| Net cash flow from operating activities | -11,357,793,218.36 | -25,807,503,693.19 |
| II. Cash flow from investment activities | ||
| Cash receiving from investment withdrawal | 773,477,567.98 | 2,201,761,516.93 |
| Cash receiving from return on investment | 584,644.76 | 9,150,118.65 |
| Net amount of cash receiving from disposal of fixed assets, intangible assets, and other long-term assets | 2,762,920.32 | 2,259,547.06 |
| Net amount of cash receiving from disposal of subsidiary and other business unit | ||
| Other cash receiving related to investment activities | 103,357,101.97 | |
| Subtotal of cash inflow from investment activities | 776,825,133.06 | 2,316,528,284.61 |
| Cash paid to acquire fixed assets, intangible assets, and other long-term assets | 279,250,571.80 | 617,540,147.28 |
| Cash paid to acquire investment | 1,911,055,541.21 | 453,960,846.20 |
| Net increase in pledge loan | ||
| Net amount of cash paid to acquire subsidiary and other business unit | ||
| Other cash paid related to investment activities | 1,361,883.92 | |
| Subtotal of cash outflow from investment activities | 2,190,306,113.01 | 1,072,862,877.40 |
| Net cash flow from investment activities | -1,413,480,979.95 | 1,243,665,407.21 |
| III. Cash flow from financing activities: | ||
| Cash received from investment by others | 2,262,455,925.00 | 1,721,513,100.00 |
| Including: Cash received from subsidiary investments from minority shareholders | 24,100,000.00 | 962,915,100.00 |
| Cash receiving from borrowings | 31,566,223,125.40 | 50,567,566,854.95 |
| Other cash receiving related to financing activities | 1,137,362,230.30 | 18,995,000.00 |
| Subtotal of cash inflow from financing | 34,966,041,280.70 | 52,308,074,954.95 |
| activities | ||
| Cash paid for repayment of debt | 21,219,901,528.80 | 25,752,921,420.27 |
| Cash paid for distribution of dividend, profit or payment of interest | 536,256,250.68 | 622,303,520.11 |
| Including: Dividend and profit paid by subsidiary to minority shareholders | 215,743,239.88 | 236,769,395.05 |
| Other cash paid relating to financing activities | 1,571,086,200.26 | 4,612,981,946.71 |
| Subtotal of cash outflow from financing activities | 23,327,243,979.74 | 30,988,206,887.09 |
| Net cash flow from financing activities | 11,638,797,300.96 | 21,319,868,067.86 |
| IV. Effect of exchange rate changes on cash and cash equivalents | -12,882,153.30 | -61,990,687.09 |
| V. Net increase in cash and cash equivalents | -1,145,359,050.65 | -3,305,960,905.21 |
| Add: Beginning balance of cash and cash equivalents | 19,501,933,090.88 | 15,648,477,435.10 |
| VI. Ending balance of cash and cash equivalents | 18,356,574,040.23 | 12,342,516,529.89 |
Person in charge of Company: Deng Qidong Person in charge of financial affairs: SuZhuquan Leading member of accounting body: Lin Jing
(3) The implementation of new accounting standards or the interpretations to the accountingstandards since 2024 involves the adjustment of the financial statements at the beginning of theyear when they are implemented for the first time.
□Applicable √Not Applicable
It is hereby announced.
The Board of Directors of Xiamen Xiangyu Co., Ltd.
April 29, 2024