HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
HEFEI MEILING CO., LTD.
THE THIRD QUARTERLY REPORT FOR 2015
October 2015
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Section I. Important Notes
Board of Directors and the Supervisory Committee of Hefei Meiling Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities,
individual and/or joint, for the reality, accuracy and completion of the whole contents.
Principal of the Company Mr. Liu Tibin, Person in Charge of Accounting Works Mr. Zhang Xiaolong and
Person in Charge of Accounting Organ (Accounting Officer) Mr. Luo Bo hereby confirm that the Financial Report
of the Third Quarterly Report is authentic, accurate and complete.
Third quarterly report of 2015 has not been audited.
All directors of the Company are attended the Meeting for quarterly report deliberation.
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Section II. Main accounting data and changes of shareholders
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Current period-end Period-end of last year Increase/decrease
Total assets(RMB) 10,375,589,670.70 9,009,014,201.70 15.17%
Net assets attributable to
shareholders of listed company 3,523,152,893.97 3,422,746,664.67 2.93%
(RMB)
Increase/decrease in
Increase/decrease in
comparison with
comparison with Year-begin to end of
Current period year-begin to
same period of last the Period
Period-end of last
year
year
Operating revenue (RMB) 1,942,291,649.54 -20.44% 8,369,208,938.79 -4.74%
Net profit attributable to
shareholders of the listed 3,532,646.05 -95.59% 161,902,412.73 -32.32%
company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting 4,446,182.64 -94.35% 153,015,756.74 -31.19%
non-recurring gains and
losses(RMB)
Net cash flow arising from
-- -- 979,671,394.79 604.44%
operating activities(RMB)
Basic earnings per share
0.0046 -95.59% 0.2120 -32.32%
(RMB/Share)
Diluted earnings per share
0.0046 -95.59% 0.2120 -32.32%
(RMB/Share)
2.29 percent point 2.62 percent point
Weighted average ROE 0.10% 4.64%
down down
Total share capital of the Company up to a trading day before disclosure:
Total share capital of the Company up to a trading day
763,739,205
before disclosure (Share)
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Whether share capital of the Company, from period-end to the disclosure date of 3rd quarter report, has changed
and has influenced on amount of owners’ equity due to the new shares issuing, increase issues in stocks, allotment,
stock ownership incentive exercise and buy-back etc. or not
□Yes √No
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin to
Item Note
end of the Period
Gains/losses from the disposal of non-current asset (including the
-4,838,347.34 --
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
16,182,856.50 --
national standards, which are closely relevant to enterprise’s
business)
Gains/losses of assets from authorized investment or management 517,808.22 --
Except for effective hedge business relevant to normal operation
of the Company, gains and losses arising from fair value change
of tradable financial assets and tradable financial liabilities, and -635,798.00 --
investment income from disposal of tradable financial assets,
tradable financial liabilities and financial assets available for sale
Other non-operating income and expenditure except for the
-1,957,359.67 --
aforementioned items
Less: impact on income tax 366,043.68 --
Impact on minority shareholders’ equity (post-tax) 16,460.04 --
Total 8,886,655.99 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
√Applicable □Not applicable
Item Amount (RMB) Reasons
During the Period, in line with the “Notice of VAT for Software Products issued by Ministry of
Finance and the State Administration of Taxation” Cai Sui[2011] No.100, the wholly-owned
subsidiary Mianyang Meiling Software Technology Co., Ltd. received a drawback of VAT for
Non-operati
4,028,798.75 software products. With purpose of fully valued the operation of the Company, in accordance with
ng income
the relevant regulation of No. (III) clause of Article II in “Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary
Profit/loss(2008)”, as for the government subsidy continues enjoy by certain quota or quantitative,
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
with closely relation with normal operation business, and qualified national policies shall reckoned
into recurring gains/losses
II. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
1. Statement of the total common shareholders and shares-held of top ten common
shareholders at end of the Period
In share
Total common shareholders in
66,663
reporting period
Shares-held of top ten common shareholders
Number of share
Proportion Amount of
Nature of Amount of pledged/frozen
Shareholders of shares restricted shares
shareholder shares held State of
held held Amount
share
State-owned legal
Sichuan Changhong Electric Co., LTD 21.58% 164,828,330 0 - -
person
State-owned legal
Hefei Xingtai Holding (Group) Co., Ltd. 6.26% 47,823,401 0 - -
person
Changhong (Hong Kong) Trading Foreign legal
3.30% 25,165,823 0 - -
Company Limited person
Foreign natural
CAO SHENGCHUN 1.75% 13,357,115 0 - -
person
Domestic nature
Wu Fang 0.80% 6,129,600 0 - -
person
DEUTSCHE BANK Foreign legal
0.63% 4,798,142 0 - -
AKTIENGESELLSCHAFT person
Domestic non
China Securities Finance Corporation
state-owned 0.58% 4,399,500 0 - -
Limited
corporate
Foreign legal
NORGES BANK 0.55% 4,216,432 0 - -
person
Foreign natural
Long Qinfang 0.42% 3,234,797 0 - -
person
DRAGON BILLION CHINA MASTER Foreign legal
0.39% 3,002,517 0 - -
FUND person
Particular about top ten common shareholders with un-restrict shares held
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Amount of unrestricted common shares held at Type of shares
Shareholders’ name
reporting period-end Type Amount
RMB ordinary
Sichuan Changhong Electric Co., LTD 164,828,330 164,828,330
shares
RMB ordinary
Hefei Xingtai Holding (Group) Co., Ltd. 47,823,401 47,823,401
shares
Changhong (Hong Kong) Trading Domestically listed
25,165,823 25,165,823
Company Limited foreign shares
Domestically listed
CAO SHENGCHUN 13,357,115 13,357,115
foreign shares
RMB ordinary
Wu Fang 6,129,600 6,129,600
shares
DEUTSCHE BANK RMB ordinary
4,798,142 4,798,142
AKTIENGESELLSCHAFT shares
China Securities Finance Corporation RMB ordinary
4,399,500 4,399,500
Limited shares
Domestically listed
NORGES BANK 4,216,432 4,216,432
foreign shares
Domestically listed
Long Qinfang 3,234,797 3,234,797
foreign shares
DRAGON BILLION CHINA MASTER Domestically listed
3,002,517 3,002,517
FUND foreign shares
Among the above shareholders, Changhong (Hong Kong) Trading Co., Ltd. is the
wholly-owned subsidiary of Sichuan Changhong Electronic Co., Ltd.; there existed no
associated relationship or belong to the concerted actors as specified in the Measures for
Explanation on associated relationship the Administration of Information Disclosure of Shareholder Equity Changes of Listed
among the aforesaid shareholders Companies among Sichuan Changhong Electronic Co., Ltd., Changhong (Hong Kong)
Trading Co., Ltd. and other top 8 shareholders; and the Company has not known whether
they belong to the concerted actors as specified in the Measures for the Administration of
Information Disclosure of Shareholder Equity Changes of Listed Companies or not.
Among the top ten common shareholders till 30th Sept. 2015, shareholder Wu Fang holds
Explanation on shareholders involving
6,129,600 shares of the Company through customer credit collateral securities trading
margin business among top ten common
account under the name of Dongxing Securities Co., Ltd., while holds 0 shares through
shareholders d (if applicable)
common securities account, and holds 6,129,600 shares of the Company in total
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□Yes √No
The top ten common shareholders or top ten common shareholders with un-restrict shares held have no a
buy-back agreement dealing in reporting period
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
2. Total of shareholders with preferred stock held and the top ten shareholdings in Period-end
□Applicable √Not applicable
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
1. Changes of items of balance sheet and cause analysis
In RMB
Item Closing balance Opening balance Changes Reasons
Note receivable 1,847,225,465.87 1,223,468,044.05 50.98% Note collection increased in the Period
The account paid in advance to suppliers
Account paid in advance 58,342,982.07 92,501,704.06 -36.93%
decreased at period-end
The accrued interest for time deposit of
subsidiary Zhongshan Changhong Electrics
Interest receivable 909,729.51 - 100%
recognized in the Period, no such amount
occurred last year
Parent company carried out entrust financing
Other current assets 300,000,000.00 - 100%
business in the Period
New associated company increased in the period
Long-term equity investment 66,475,840.08 14,211,004.21 367.78% and increasing capital for part of the associated
companies
Input for R&D increased in the Period and which
Development expenses 55,482,352.60 25,194,157.09 120.22%
are not transfer to capital yet
Financial liability measured by
fair value and with its variation
1,287,600.00 81,170.00 1486.30%
reckoned into current Fair value changes of the forward foreign
gains/losses exchange contract carried out in the Period
The un-expire note payable increased at
Note payable 3,343,949,044.74 1,553,110,292.55 115.31%
period-end
The salary and bonus accrued last year have been
Wages payable 58,266,172.25 156,537,212.29 -62.78%
grant in the Period
Subsidiary Sichuan Changhong Air conditioner
Tax payable 85,826,030.94 51,153,350.18 67.78%
Co., Ltd. hold over the VAT in the Period
Long-term loans from subsidiary Zhongshan
Long-term loans 50,066,181.20 18,947,000.00 164.24% Changhong Electric Co., Ltd. increased in the
Period
Part of the subsidiary earns in the Period and
Minority interest 28,752,151.36 15,634,189.83 83.91% purchasing part of the minority equity from
subsidiary
2. Changes of items of profit statement and cause analysis
In RMB
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Same period of
Item This Period Changes Reasons
last year
Same as “Financial liability measured by fair value
Add: Changing income of fair
-1,206,430.00 519,200.00 -332.36% and with its variation reckoned into current
value(Loss is listed with “-”)
gains/losses”
Investment income (loss is Loss from associated company increase y-o-y in the
-15,605,274.06 -3,182,602.11 -390.33%
listed with “-“) Period
Including: Investment income
on affiliated company and joint -18,400,988.39 -1,465,123.55 -1155.93% Same as “investment income”
venture
Including: gains from disposal Gains from fixed assets disposal decreased y-o-y in
860,650.87 1,517,833.34 -43.30%
of non-current assets the Period
Losses from fixed assets disposal decreased y-o-y in
Less: non-operation expenditure 9,294,581.25 3,877,664.58 139.70%
the Period
Including: Disposal loss of
5,698,998.21 1,596,131.19 257.05% Same as “non-operation expenditure”
non-current assets
Less: income tax expenses 29,516,348.07 53,237,882.50 -44.56% Taxable income tax of the Company declined y-o-y
Mainly because of the shrinking of white electricity
Net profit attributable to owners
161,902,412.73 239,217,808.78 -32.32% industry, sales, price and profitability of the AC
of parent company
products have declined over same period of last year
Minority shareholders’ gains Part of the subsidiaries earns in the Period on a y-o-y
-2,439,249.29 -11,133,180.75 78.09%
and losses basis
3. Changes of items of cash flow statement and cause analysis
In RMB
Same period of last
Item This Period Changes Reasons
year
Net cash flow arising from Sales account increased in the Period on a y-o-y
979,671,394.79 -194,210,258.34 604.44%
operation activities basis
The principal of entrusting at paid in the Period,
Net cash flow arising from
-357,057,792.87 51,628,665.71 -791.59% no such amount occurring at same period of last
investment activities
year
Net cash flow arising from The short-term loans paid by parent company
-259,027,147.02 112,542,782.48 -330.16%
financing activities increased on a y-o-y basis
Impact on cash and cash equivalent Exchange rate of the foreign currency changed in
20,829,216.21 6,852,120.57 203.98%
from exchange rate movement the Period
II. Progress of significant events, their influences, and analysis and explanation of their
solutions
√ Applicable □Not applicable
(I)Usage of raised capital and progress of the fund-raised projects in the Period
Total proceeds raised in privately offering in 2010 are RMB1,199,999,820.00 and the net proceeds amount to
RMB1,177,954,320.00 after deducted offering expenses RMB 22.0455 million (including underwriting and
sponsoring fee RMB 20.5 million).
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
In 2013, the three construction projects with fund-raising investment have completed and reaching the design
capacity, that is “Athena Luxury refrigerator production base”, “Freezer expansion project” and “Expansion
project of environmental and energy-saving refrigerators”, meanwhile, “working capital supplementation” project
implemented and recently, the Company has no other projects that suitable for investment by fund-raising.
According to the operation requirement of the Company, being approved by the Board, supervisory committee and
the general meeting of shareholders that balance of raising funds 284.440959 million Yuan (including interest
34.832977 million Yuan) up to 30 September 2013 and later interest are supplying the working capital of the
Company permanently. The Company actually withdrawal 291.354985 million Yuan for working capital
supplementation permanently up to 30 September 2015.
Up to the 30th of September 2015, the Company actually used 903.258041 million Yuan accumulatively in
fund-raising, balance of fund-raising accounting as 27.673765 million Yuan (including 2,480,644 Yuan undrawn
used for working capital supplementation, and totally 25,193,121 Yuan ready for contract payment and quality
assurance). More details are:
Athena Luxury refrigerator production base project: total investment amounting to 528,508,471 Yuan in total
after savings deducted. Up to 30th of September 2015, the project accumulatively invested 515,531,342 Yuan,
balance of fund-raising was 13,192,302 Yuan, including 12,977,129 Yuan ready for contract payment and quality
assurance and 215,173 Yuan undrawn used for working capital supplementation permanently.
Capacity expansion project for freezer: the project owns total investment of 251.883547 million Yuan after
savings deducted. Up to 30 September 2015, the project have accumulative investment of 239,667,554 Yuan,
balance at fund-raising account was 14,481,463 Yuan, including amount ready for payment and quality assurance
12,215,992 Yuan and 2,265,471 Yuan without extract used for supply current capital permanently.
(II) Implementation for annual performance incentive fund
On August 9, 2012 and August 28, 2012, the Company considers the adoption of "Hefei Meiling annual
performance incentive fund implementation plan" (hereinafter referred to as "" stimulus "") on the 16th meeting of
the 7th board of directors and the 2012-second provisional shareholders meeting. Details were disclosed on
information disclosure media appointed by the Company as "Securities Times", "Chinese Securities Daily",
"Hong Kong Commercial Daily" and the Juchao network (www.cninfo.com.cn) on August 10, 2012 and August
29th in the form of announcement (No.: 2012-028, No.: 2012-035).
1. Implementation about 2012 performance incentive fund provision and distribution plan
Found more in “1. Accrual of the Performance incentive fund for year of 2012 and distribution plan
implementation” of “(XII) implementation of the annual performance incentive fund” carried in “XIV.Other
Important events” of the Section V. Important Events in the Annual Report of 2014 published on 26 March 2015
Up to end of the reporting period, the directors, supervisors and senior management as grantees of the 2012
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
incentive plan did not reduce holding of their shares bought by them with 2012 performance incentive funds and
own capital. Other grantees of the 2012 incentive plan (not being directors, supervisors and senior management)
have reduced holding of 1,438,754 in aggregate, accounting for 0.1884% of the total share capital, since
September 2014 to the end of the reporting period.
2. Implementation of 2013 annual performance incentive provision and distribution program
For details, please refer to the 2014 annual report disclosed by the Company on 12 August 2015 under
section V “Significant Issues” under “XIV Explanation for other significant issues” under “(XIII) Implementation
of annual performance incentive funds” under 2. “Provision for and allocation plan for 2013 annual performance
incentive funds”.
Up to end of the reporting period, shares of the Company purchased by part of the incentive objects due to
the performance incentive plan for year of 2013 have expire for one year, according to the regulation of “Incentive
Plan” and commitment, part of the shares allow to unlock. However, shares of the Company purchased by all
incentive objects with grant performance incentive fund for year of 2013 and self-owned funds are not reduced till
end of the reporting period.
3. Ended as 30 September 2015, shares hold by all incentive objects amounting to 11,477,463 shares, a
1.5028% in total share capital of the Company, including 10,591,471 A-share, a 1.3868% in total share capital and
885,992 B-share, a 0.1160 % in total share capital of the Company.
4. Implementation of 2014 annual performance incentive provision and distribution program
According to the "incentive plan" the Company has approved, the operating results (audited in 2014) and the
actual operation situation, the annual performance incentive fund has reached the awarded conditions. Being
recognized by the Board, benefited directors and supervisors withdraw from voting, the "2014 Annual
Performance Incentive Fund Provision” was deliberated and approved in 6th meeting of the 8th session of the board,
4th meeting of 8th session of supervisory committee and general meeting of 2015 dated March 24, 2015 and April
28. And, being given independent opinions from independent directors, benefited directors and supervisors
withdraw from voting, the "2014 Annual Performance Incentive Fund Allocation Scheme” was deliberated and
approved in 8th meeting of the 8th session of the board, 6th meeting of 8th session of supervisory committee and
first extraordinary general meeting of 2015 dated July 3, 2015 and July 21. More details are:
(1) Incentive range and number: 44 people compliance with the conditions of the incentive objects (senior
management, middle management, and core technology and business personnel).
(2) Capital resources: in line with the 32,186,700 Yuan for incentive fund from 10% of net profit attributable
to shareholder of listed company that audited for year of 2014; RMB 24,780,000 has been distributed to 44
incentive objects (senior managers, middle management, and core technology and business personnel) that
satisfied the laws, regulations and “Incentive Plan”. All the incentive objects will, purchase stock of the Company
in open market with all incentive funds (income tax excluded) obtained plus no less favorable than 30 percent of
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
the total annual remuneration (except for performance fund; total annual remuneration after relevant tax cut and
five-insurance payment paid).
(3) Share holding: According to the "incentive plan" the company have approved, and under the premise of
the Listing Rules of Shenzhen Stock Exchange and other applicable Chinese laws and regulations, incentive target
promised within 60 working days as of receipt of the performance incentive funds (In case of regulatory ruled the
trading of shares shall not be specified, the time extended), to purchase the Company's shares through the open
market. Up to the disclosure date, majority of the incentive objects have subscribe the shares in line with the
regulation and lock-up shares according to the commitment, shares subscribe by part of the directors, supervisors
and senior executives have been released on appointed media dated 19 August 2015 to 25 August 2015.
(4) As for change of shareholding arising from disposal of shares by the grantees: the shares subscribe by
incentive objects due to the implementation of performance incentive plan for year of 2014 still less than
one-year-holding, unqualified the un-lock condition, and no shares disposed
(5)Commitment for restricted sales: According to the Implementation Program of the Annual Performance
Incentive Capital of Hefei Meiling Co., Ltd and the commitment made by all the grantees, grantees can not reduce
shareholding by any market means in respect of the Company’s shares purchased by them within one year upon
the date of purchase; 50% of the shares can be reduced for holding in the second year according to applicable laws
and rules; and the remaining 50% can be reduced for holding in the third year according to applicable laws and
rules. In addition, certain grantees who are also directors, supervisors or senior management of the Company
undertook that they would watch out their behaviors in compliance with relevant requirements of the Company
Law, Securities Law and Management Rules on Holding Shares of the Company or Change thereof by Director,
Supervisor and Senior Management of Listed Issuer, including but not limited to: shares transferred annually by
them shall not exceed 25% of the total shares held in the Company during their terms of office; they are not
allowed to sell the shares held in the Company within six month upon purchase or to buy back the shares within
six month upon disposal; they are not allowed to transfer the shares held in the Company within a half year upon
their resignation.
Details were disclosed on information disclosure media appointed by the Company as "Securities Times",
"China Securities Journal", "Hong Kong Commercial Daily" and the Juchao website (www.cninfo.com.cn)
respectively dated 26 March 2015, 18 April, 4 July, 22 July, 20 August and 26 August(Notice No.: 2015-003, No.:
2015-004, No.: 2015-009, No.: 2015-015, No.: 2015-022, No.: 2015-023, No.: 2015-025, No.: 2015-029, No.:
2015-036 and No.: 2015-037)
(III) Transaction with Sichuan Changhong Finance Co., Ltd.
Being decision by the Board and Shareholders General Meeting, agreed to enter into the “Financial Service
Agreement” with Sichuan Changhong Finance Co., Ltd. (Changhong Finance Company for short) for 3-years.
According to the agreement, Changhong Finance Company offering serial financial services of deposit/loans in
line with the requirement of the Company and subordinate subsidiaries within the business scope; related
transactions from year-beginning to end of the period are as:
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Interest received
Items Opening balance Increased Decreased Closing balance or paid;
commission charge
I. Deposit saving in
Changhong Finance 1,040,209,426.68 8,370,138,673.52 7,938,996,993.70 1,471,351,106.50 21,537,341.98
Company
II. Loans from
Changhong Finance - - - - -
Company
1. Short-term loans - 100,000,000.00 100,000,000.00 - 75,444.44
2. Long-term loans - - - - -
III. Other financial
- - - -
business
1. Note issuing 258,631,647.68 1,129,157,600.85 522,762,672.43 865,026,576.10 -
2. Notes discounted 210,940,218.46 1,399,969,891.49 569,095,715.17 1,041,814,394.78 18,121,147.56
3. Account receivable
- 50,000,000.00 50,000,000.00 - 176,527.78
factor
(IV) Other important events
Overview Disclosure date Query index for interim notice
The second largest shareholder Hefei Xingtai Holding (Group) Co., Ltd. Juchao Website:
planned to transfer 49,477,513 state-owned shares of the Company to Hefei 2015-3-7 http://www.cninfo.com.cn
Industrial Investment Holdings Group CO., Ltd. to be established for free. (2015-001)
Corresponding to relevant report in CCTV “3.15” the evening party, the
Juchao Website:
Company released the “Clarification Announcement of Unqualified Sampling
2015-3-16 http://www.cninfo.com.cn
Inspection of the “Meiling” Kitchen Ventilator on CCTV “3.15” ” on appointed
(2015-002)
medial
Subordinate controlling subsidiary Zhongke Meiling Hypothermia Technology Juchao Website:
Co., Ltd. invested approximately 156.3219 million Yuan for removal and 2015-3-26 http://www.cninfo.com.cn
expansion projects. (2015-003)
Board of the Company appointed Mr. Wu Dinggang as the deputy president of Juchao Website:
the Company, Mr. Zhang Xiaolong as the deputy president and person in charge 2015-3-26 http://www.cninfo.com.cn
of the finance (2015-003)
Being decision by the Board and Shareholders General Meeting, agreed to Juchao Website:
exercise the new Accounting Standard for Enterprise Business in line with 2015-3-26; http://www.cninfo.com.cn
relevant regulations and requirement from the Ministry of Finance, carried out 2015-4-18 (2015-003; 2015-008;
corresponding accounting policy change 2015-015)
Juchao Website:
Being decision by the Board and Shareholders General Meeting, agreed to 2015-3-26; http://www.cninfo.com.cn
carried out the business of forward foreign exchange transactions 2015-4-18 (2015-003; 2015-010;
2015-015)
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HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Juchao Website:
Being decision by the Board and Shareholders General Meeting, agreed to
2015-3-26; http://www.cninfo.com.cn
invested one billion Yuan at most to the financial products with own idle funds
2015-4-18 (2015-003; 2015-011;
of the Company
2015-015)
After democratic election of the Worker’s Conference, agreed to supplement Juchao Website:
th
Mr. Zhu Wenjie as the staff supervisor of 8 session of the supervisory 2015-4-10 http://www.cninfo.com.cn
committee (2015-014)
Being decision by the Board, agreed subordinate subsidiary Sichuan
Juchao Website:
Changhong AC Co., Ltd. established joint-venture manufacturing company and
2015-4-18 http://www.cninfo.com.cn
sales company with its own 50 million Yuan with the Hengyouyuan
(2015-016)
Technology Development Group Co., Ltd.
Subscribe financial products of “Yuntong Fortune Wen De Li” from Anhui Juchao Website:
Branch of Bank of Communications with idle fund of the Company 100 million 2015-5-22 http://www.cninfo.com.cn
Yuan (2015-019)
Juchao Website:
Payment of the advance for three shareholders with restricted shares held and 2015-5-22;
http://www.cninfo.com.cn
easing the restrictions on restricted stock of the Company hold 2015-7-29
(2015-020; 2015-030)
Being decision by the Board, agreed to invested 28 million Yuan for the
Juchao Website:
technology reform on refrigeration production line in order to improve the
2015-7-4 http://www.cninfo.com.cn
production capacity and manufacturing efficiency for large-volume refrigerator
(2015-022)
for quality requirement
Juchao Website:
The Board appointed Mr. Zhu Wenjie as the Securities Affairs Representative
2015-7-4 http://www.cninfo.com.cn
of the Company
(2015-022; 2015-024)
Juchao Website:
First majority shareholder Sichuan Changhhong “Letter of Promise not to
2015-7-9 http://www.cninfo.com.cn
reducing the Meiling stock in later six months”
(2015-027)
Juchao Website:
Mr. Deng Xiaohui resign as the deputy president of the Company due to
2015-8-8 http://www.cninfo.com.cn
occupation mobility
(2015-031)
Juchao Website:
Being approved by the Board, supervisory committee and recognized by
http://www.cninfo.com.cn
independent directors, agreed the Company subscribe “Sichuan Hongyu New 2015-8-12
(2015-032; 2015-033;
IT Venture Capital Fund” with self-own capital 40 million Yuan
2015-035)
The Board agreed subordinate controlling subsidiary Zhongke Meiling
Juchao Website:
Hypothermia Technology Co., Ltd. (“Zhongke Meiling”) launch the
2015-8-29; http://www.cninfo.com.cn
restructuring for established the limited company, and apply to list on NEEQ
2015-9-16 (2015-038; 2015-039;
after totally restructure. Currently, Zhongke Meiling completed the change
2015-041)
procedure in Industry and Commerce for the shareholding reform.
14
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Being approved by the Board, agreed the Company and subsidiary Sichuan
Juchao Website:
Changhong AC Co., Ltd. (“Changhong AC”) offering joint guarantee to certain
2015-8-29 http://www.cninfo.com.cn
premium reseller in appointed banks in the line of credit while keep risk under
(2015-038; 2015-040)
acceptable levels, guarantee is not over the 400 million Yuan in total.
The Company subscribe financial products of “Tian Tian Jin Stable” from Juchao Website:
Hefei Branch of China Merchants Bank Co., Ltd. with self idle fund 300 2015-9-26 http://www.cninfo.com.cn
million Yuan (2015-042)
15
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
III. Commitments made by the Company or shareholders holding above 5% shares of the Company in reporting period or made in
previous period and extending to reporting period
√ Applicable □Not applicable
Commitment Implement
Commitments Accepter Contents Commitment term
date ation
Strictly
1. The acquirer shall not engage in refrigerator business or activity which
performed
competes or will compete with business of Hefei Meiling Co., Ltd (“Meiling Effective
the
Electrical Appliances”), or that which has interest conflict with Meiling permanently
commitme
Electrical Appliances.
nts
Strictly
Commitment and 2. The acquirer promises to apply shareholders’ right on a legal and reasonable performed
Sichuan Effective
Commitments made guarantee of horizontal manner and shall not take any action to limit or affect the normal operation of the
Changhong permanently
in acquisition report competition avoidance Meiling Electrical Appliances. commitme
Electric Co., 2007-6-12
or equity change made in “Acquisition nts
LTD (“Sichuan
report Report of Hefei Meiling
Changhong”) 3. For any opportunity to engage in competing business, the acquirer will
Co., Ltd”
advise Meiling Electrical Appliances in written for engaging such business or
Strictly
not. If Meiling Electrical Appliances gives no clear written reply as to whether
performed
engaging the competing business or not within 20 days after receipt of the Effective
the
aforesaid letter, it shall be deemed that it will not engage in such business. The permanently
commitme
acquirer will only engage in non-competing business provided that Meiling
nts
Electrical Appliances confirms not to or is deemed to not engage in such
non-competing business.
Commitment regarding 1. It will not engage in such business or activity that competes with or has Strictly
Commitment made
Sichuan to reducing and interest conflict with that of Meiling Electrical Appliances except for the 2010 年 6 月 Effective performed
during the
Changhong preventing competition action taken for sake of Meiling Electrical Appliances as required by Meiling 24 日 permanently the
non-public offer
with Meiling Electrical Electrical Appliances. commitme
16
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Appliances 2. The Company promises to apply shareholders’ right on a legal and nts
reasonable manner and shall not take any action to limit or affect the normal
operation of Meiling Electrical Appliances.
3. In case that Meiling Electrical Appliances expects, on the basis of its
existing business, to expand its operation scope into the business which the
Company has already operated, the Company agrees to grant pre emptive right
to Meiling Electrical Appliances regarding such business if the same
conditions are met, provided that the Company is still the controlling
shareholder or actual controller of Meiling Electrical Appliances.
1. Measures will be adopted to prevent continued related transaction with
Meiling Electrical Appliances: as to the related transaction that can not be
prevented, it will sign related transaction agreement with Meiling Electrical
Appliances under the market principles of “equally paid and mutual benefit”,
Commitment regarding and fairly determined the transaction price according to the market prevailing Strictly
to reducing and standards. performed
Effective
standardizing related 2010-6-24 the
2. Perform the necessary obligations to make related directors and related permanently
transaction with Meiling commitme
shareholder abstain from voting according to relevant regulation, and observe
Electrical Appliances nts
legal procedure for approving related transaction and information disclosure
obligations.
3. Promise not to hurt legal interests of Meiling Electrical Appliances and
other shareholders through related transaction.
Strictly
performed
Commit to authorized Changhong Air Conditioning and Zhongshan Air Condition Appliance Co., Ltd. Effective
2010-11-6 the
(“Zhongshan Air Conditioning”) to use “Changhong” trademark and relevant patents for free. permanently
commitme
nts
1. Commit to disclose periodic reports on a truthful, accurate, complete, fair and prompt manner, to Strictly
The Company 2011-1-7 Effective
disclose all the information that have important influences over investors, to accept supervision under the performed
17
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
CSRC and Shenzhen Stock Exchange. permanently the
2. Commit to make public clarification in respect of such information that is released from any public commitme
media and may result in misleading influences on stock price once the Company is aware of such nts
information.
3. The directors, supervisors, senior management and core technicians of the Company will accept
opinions and criticism from the social publics, and they will not trade the Company’s securities, directly
or indirectly, with any inside information and other illegal methods. The Company promises that the
documents submitted to Shenzhen Stock Exchange exist no false statement or material omission, and no
relevant information will be disclosed during the application for listing without prior content from
Shenzhen Stock Exchange.
Strictly
1. Since the property transfer didn’t involve the buildings and land currently used by Changhong Air performed
Effective
Conditioning, Sichuan Changhong commits, upon the completion of equity transfer, to continue to lease the
permanently
such assets to Changhong Air Conditioning at market price; commitme
nts
Commitment made
in transfer of air Sichuan 2. After completion of this property transfer, Sichuan Changhong commits to manage to prevent new
2009-12-10
conditioning assets Changhong related transaction with Meiling Electrical Appliances. For those which can not be prevented, Sichuan Strictly
property Changhong commits to determine the transaction price based on market accepted methods, so as to performed
Effective
ensure fairness of related transaction and protection of the interest of Meiling Electrical Appliances. the
permanently
3. Sichuan Changhong commits that it will not engage in air conditioning and refrigerator business or commitme
activity which competes or will compete with business of Meiling Electrical Appliances, or that which nts
has interest conflict with Meiling Electrical Appliances.
Annual performance Part of the 1. Make promise not to reduce the shares of Meiling bought in every year during period of incentive fund
2013-8-15;
incentive fund, Directors, implemented via any market ways in the first year, which was allowed to be reduced by 50% according Three years after Implementi
2014-7-3;
commitments by supervisors, to the laws and regulations in the second year, and the remaining 50% was allowed to be reduced in the current stocks bought ng
2015-7-21
incentive objects senior third year in accordance with the laws and regulations.
18
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
while purchasing executives and From the date of
stock of the other incentive 2. The directors, supervisors and senior management, as the incentive objects of annual performance annual performance
Company with objects incentive fund, promised to manage in accordance with the relevant management approaches in incentive fund plan
performance accordance with the "Company Law", "Securities Law" and "The Company’s shares held by the approved by
2013-8-15;
incentive funds and directors, supervisors and senior management of the listed company and its change management rules", shareholder general Implementi
2014-7-3;
owned fund including but not limited to: during his tenure, the shares transferred each year shall not exceed 25% of meeting to 6 moths ng
2015-7-21
the total number of shares held of the Company; shall not sell the shares of the Company within six after directors,
months after bought it or purchase again six months after sold it; shall not transfer the shares held within supervisors and
six months after Dismission. senior executive
resigned
Sichuan 1. Sichuan Changhong and its concert party Changhong (Hong Kong) Trade Co., Ltd. undertook not to
Changhong reduce holding shares of “Meiling Appliances” and “Wanmeiling B” during the future six months
Electric Co., commencing from the date on which Meiling Appliances released relevant announcement (9 July 2015-9
LTD and January 2016), so as to maintain stable market and protect investors’ interest with their actual activities;
Commitments of not persons acting
2. Based on market conditions and as allowed by laws and rules, multiple measures were adopted Implementi
to reducing the in concert adequately to increase shareholding of Meiling Appliances, so as to demonstrate its firm confidence on 2015-7-9 2016-1-9
ng
shares Changhong the PRC economy and Meiling Appliances with its actual actions, maintain sound development of capital
(Hong Kong) market and promote recovery of healthy market;
Trading
Company 3. The Company continued to support operation and development of listed company. It is committed to
Limited bringing steady and real return to investors.
Perform the commitment promptly
√ Yes □ No
or not
Specific reason
for non-performance and the next Non-applicable
plan
19
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
IV. Estimation of operation performance for year of 2015
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason
□Applicable √Not applicable
V. Particular about security investment
□ Applicable √ Not applicable
No security investment in Period.
VI. Equity of other listed company held by the Company
√Applicable □Not applicable
Proportion
Shares held Shares held Proportion
Initial of shares Book value at Gains/losses in
at at of shares Accountin
Name Type investment held at period-end report period Resources
period-begin period-end held at g items
capital (RMB) period-beg (RMB) (RMB)
(Share) (Share) period-end
in
Available
Huishang
Commerci for sale Initial
Bank Co., 5,000,000.00 10,737,573 0.0972% 10,737,573 0.0972% 5,000,000.00 1,707,274.11
al bank financial investment
Ltd.
assets
Total 5,000,000.00 10,737,573 -- 10,737,573 -- 5,000,000.00 1,707,274.11 -- --
VII. Particulars about derivatives investment
√ Applicable □Not applicable
In 10 thousand Yuan
Amount Ratio of
of investment
reserve amount at
Investmen for period-end
Whether Investmen Actual
Related t amount devaluat in net
related Initial t amount gains/los
Operator relationsh Type Start date End date at ion of assets of
trade or investment at ses in
ip period-beg withdra the
not period-end period
in wing Company
(if at
applicab period-end
le) (%)
20
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Forward
Financial
foreign
institution N/A No 19,131.11 2014-7-1 2016-12-31 13,319.93 N/A 19,131.11 5.43% -111.61
exchange
s
contract
Total 19,131.11 -- -- 13,319.93 N/A 19,131.11 5.43% -111.61
Capital resource Self-owned capital
Lawsuits (if applicable) Not applicable
Disclosure date for approval from the
Board for investment of derivatives (if 19 April 2014; 26 March 2015
applicable)
Disclosure date for approval from board
of shareholders for investment of 6 June 201; 18 April 2015
derivatives (if applicable)
Risk analysis:
1. Market risk: the changes in domestic and foreign economic situation may create a major
volatility in exchange rate, future exchange business under certain market risks. Forward
exchange transaction business of the Company aims at lock-up the price in sale and
purchase of foreign exchange, and lowers the impact on profit from exchange fluctuations.
The Company will closely following the changes in exchange rate, based on the target rate
fix by business, with the research and judgment in aspect of the trend in foreign exchange
rate, determine the signature planning of agreement for forward exchange transaction
combine with prediction on receipt and payment as well as the tolerance capacity of
changing price arising from rate fluctuation; implement dynamic management on the
business to guarantee a reasonable profit standards for the Company.
2. Liquidity risk: all of the foreign exchange funds trading are depend on reasonably
Venture analysis and explanation on estimated of the import-export business in future, satisfy the requirement of trading truth.
control measures for derivatives holding In addition, forward exchange transaction operates in way of bank credit; there is no impact
in Period (including but not limited to on the fund liquidity of the Company.
market risk, liquidity risk, credit risks, 3. Bank default risk: if the cooperative bank close down or default in contractual period,
operational risk and legal risk etc.) the Company is un-able to settle the original foreign exchange contract in contractual price,
it exists a risks of income uncertainty. Therefore, the Company chose the Chinese-funded
banks as Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of
China and China Construction Bank for the foreign exchange funds trading and part of the
larger foreign banks (e.g. Deutsche Bank, United Overseas Bank, Oversea-Chinese
Banking Corp. and HSBC etc.), the above mentioned banks owns fund strength and
operating soundness, there is a slim chance of money costs for close down.
4. Operational risk: the money trading in forward exchange might causes relevant risks due
to the incorrect operations by handling personnel, relevant management mechanism has
formulated by the Company, well-defined the operation procedure and duty officer in favor
of preventing risk and risk control.
5. Legal risk: legal disputes may arise from the un-clear trading agreement signed between
the Company and banks in aspect of money trading in forward exchange. The Company
21
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
strengthens the review on relevant contracts in way of law, and chooses banks for
cooperation with good credit status in order to control the risk.
In accordance with the Article 7 “Recognition of Fair Value” of “The Accounting
Standards for Enterprises No. 22—Recognition and Measurement of Financial
Particular about the changes of market
Instruments”, the Company determined and measure the fair value basically in line with the
price or product’s fair value of invested
price provided or obtained from pricing services such as banks. As for the calculation of
derivatives in Period; as for analysis of
fair value for derivatives, it mainly refers to the un-matured contract of forward exchange
the fair value of derivatives, disclosed
facilities that signed with the banks in reporting period, and recognized as transactional
specific treatment methods and relevant
financial assets or liabilities based on the difference of forward exchange facilities’ contract
hypothesis and parameter setting
quotation at period-end and forward rate. In the reporting period, the gains/losses of
forward foreign exchange contract amounting to (1,116,100) Yuan.
Explanation on major changes on specific
principle of accounting policy and
Not applicable
accounting calculation for derivatives in
Period, by comparing with last period
Upon inspection, the independent directors of the Company believes that: during the
reporting period, the Company carried out its foreign exchange forward deals in strict
compliance with the standardized operation guidelines for listed issuer on main board
(2015 amended) issued by Shenzhen Stock Exchange, the Articles of Association,
Authorization Management of the Company, Management System in relating to Foreign
Exchange Forward Deals of Hefei Meiling Co., Ltd., and these deals were conducted
Specific opinions from independent within the authorization scope under general meeting and board meeting. The Company
directs on derivative investment and risk was able to lock revenue and costs against its actual business, thus to avoid and prevent
controlling from exchange risks and maintain steady operation. The foreign exchange forward deals
conducted by the Company were closely related to its normal operation needs, which was
beneficial to prevent the exchange risks exposed by import and export business and thus
met its requirement for operation development. There was no speculative operation, no
break of relevant rules and regulations and relevant business was conducted under
corresponding decision-making procedures. Interests of the Company and entire
shareholders, especially minority shareholders, were not prejudiced.
VIII. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
Amount
of reserve
Principal
Whether Trust Criteria for Actual
Related actually Anticipat
related financin for devaluati gains/loss
Name relationsh Type Start date End date collected ed
trade or g fixing on of es in
ip in the income
not amount reward withdrawi period
Period
ng (if
applicable
22
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
)
Anhui Province
branch of Bank Floating 5.4%
of N/A No proceeds 10,000 2015-5-22 2015-6-26 annual 10,000 0 51.78 51.78
Communication products yield
s
Hefei Branch of
Floating 4.7%
China 2015-12-2
N/A No proceeds 30,000 2015-9-25 annual 0 0 352.50 --
Merchants 5
products yield
Bank
Total 40,000 -- -- -- 10,000 0 404.28 51.78
Capital resource Self-owned capital
Principal uncollected for overdue and
N/A
accumulated earnings
Lawsuit involved (if applicable) Not applicable
Disclosure date for approval from the Board for
2015-3-26
trust financing (if applicable)
Disclosure date for approval from board of
2015-4-18
shareholders for trust financing (if applicable)
IX. Registration form of receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Content discussed
Date Place Way Type Object and documents
provided
Conference ESSENCE SECURITIES Co., Ltd.; Operation of the
2015-1-20 room of the Field research Institute Lombarda China Fund Management Company, no
Company Co., Ltd. materials provided
Conference Operation of the
2015-1-30 room of the Field research Institute Founder Securities Co., Ltd. Company, no
Company materials provided
Conference Operation of the
2015-2-5 room of the Field research Institute Great Wall Securities Co., Ltd. Company, no
Company materials provided
Conference Operation of the
2015-2-11 room of the Field research Institute Sinolink Securities Co., Ltd. Company, no
Company materials provided
Conference Operation of the
2015-4-2 Field research Institute Minsheng Securities Co., Ltd.
room of the Company, no
23
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Company materials provided
Conference Operation of the
UBS; Broad Peak Investment
2015-5-6 room of the Field research Institute Company, no
Advisers Pte Ltd
Company materials provided
CITIC Securities Co., Ltd.; Sun Life
Everbright Life; Haitong Securities
Conference Co., Ltd.; Changhong Fund Operation of the
2015-5-7 room of the Field research Institute Management Co., Ltd.; Fudun Company, no
Company Investment Consultant (Shanghai) materials provided
Co., Ltd.; Bank of China Investment
Management
Conference Operation of the
ESSENCE SECURITIES Co., Ltd.;
2015-5-8 room of the Field research Institute Company, no
Huaan Securities Co., Ltd.
Company materials provided
Conference Huatai Securities Co., Ltd.; Operation of the
2015-5-13 room of the Field research Institute Xingzheng Securities Fund Company, no
Company Management Co., Ltd. materials provided
Founder Securities Co., Ltd.;
Conference Operation of the
Huashang Fund Management Co.,
2015-5-14 room of the Field research Institute Company, no
Ltd.; Mirae Asset Management Co.,
Company materials provided
Ltd.
Conference Operation of the
2015-5-19 room of the Field research Institute GF Securities Co., Ltd Company, no
Company materials provided
Conference Operation of the
2015-6-5 room of the Field research Institute Bohai Securities Co., Ltd Company, no
Company materials provided
Conference Operation of the
Kingsmead Asset Management
2015-7-2 room of the Field research Institute Company, no
Pte.Ltd.
Company materials provided
Conference Operation of the
2015-8-21 room of the Field research Institute GF Securities Co., Ltd Company, no
Company materials provided
Conference Operation of the
2015-9-15 room of the Field research Institute Founder Securities Co., Ltd. Company, no
Company materials provided
24
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Hefei Meiling Co., Ltd
In RMB
Items Ending balance Opening balance
Current assets:
Monetary funds 3,077,869,134.08 2,665,219,013.80
Settlement provisions
Capital lent
Financial assets measured by fair
value and whose change is recorded in
current gains and losses
Derivative financial assets
Notes receivable 1,847,225,465.87 1,223,468,044.05
Accounts receivable 1,377,818,251.01 1,160,192,277.00
Accounts paid in advance 58,342,982.07 92,501,704.06
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable 909,729.51 -
Dividend receivable
Other receivables 32,355,909.11 28,729,328.80
Purchase restituted finance asset
Inventories 1,489,881,401.79 1,765,761,407.86
Divided into assets held ready for
sales
Non-current asset due within one
year
Other current assets 300,000,000.00 -
Total current assets 8,184,402,873.44 6,935,871,775.57
Non-current assets:
25
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Granted loans and advances
Finance asset available for sales 5,000,000.00 5,500,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 66,475,840.08 14,211,004.21
Investment property 14,286,359.03 14,892,795.62
Fixed assets 1,234,506,812.20 1,223,763,920.86
Construction in progress 47,638,379.33 62,766,707.57
Engineering material
Disposal of fixed asset 75,733,138.47 75,808,843.84
Productive biological asset
Oil and gas asset
Intangible assets 562,711,685.56 561,864,209.63
Expense on Research and
55,482,352.60 25,194,157.09
Development
Goodwill 5,313,913.50 5,313,913.50
Long-term expenses to be
apportioned
Deferred income tax asset 80,717,863.49 83,826,873.81
Other non-current asset 43,320,453.00 -
Total non-current asset 2,191,186,797.26 2,073,142,426.13
Total assets 10,375,589,670.70 9,009,014,201.70
Current liabilities:
Short-term loans 289,453,164.57 407,508,739.07
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into 1,287,600.00 81,170.00
current gains/losses
Derivative financial liability
Notes payable 3,343,949,044.74 1,553,110,292.55
Accounts payable 1,505,563,136.85 1,681,116,965.38
Accounts received in advance 244,004,037.06 296,641,377.09
Selling financial asset of
26
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
repurchase
Commission charge and
commission payable
Wage payable 58,266,172.25 156,537,212.29
Taxes payable 85,826,030.94 51,153,350.18
Interest payable
Dividend payable 2,200,499.91 2,237,640.91
Other accounts payable 716,673,552.66 872,725,707.68
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Divided into liability held ready
for sale
Non-current liabilities due within 1
11,153,364.92 11,153,512.52
year
Other current liabilities
Total current liabilities 6,258,376,603.90 5,032,265,967.67
Non-current liabilities:
Long-term loans 50,066,181.20 18,947,000.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable 40,426,920.51 40,317,465.61
Special accounts payable
Accrual liabilities 339,518,611.89 347,107,686.15
Deferred income 135,296,307.87 131,995,227.77
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 565,308,021.47 538,367,379.53
Total liabilities 6,823,684,625.37 5,570,633,347.20
Owner’s equity:
Share capital 763,739,205.00 763,739,205.00
27
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 1,451,329,388.21 1,466,959,939.03
Less: Inventory shares
Other comprehensive income -3,304,179.30 -3,262,898.99
Reasonable reserve
Surplus public reserve 359,857,106.14 359,857,106.14
Provision of general risk
Retained profit 951,531,373.92 835,453,313.49
Total owner’s equity attributable to
3,523,152,893.97 3,422,746,664.67
parent company
Minority interests 28,752,151.36 15,634,189.83
Total owner’s equity 3,551,905,045.33 3,438,380,854.50
Total liabilities and owner’s equity 10,375,589,670.70 9,009,014,201.70
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
2. Balance Sheet of parent company
In RMB
Item Ending balance Opening balance
Current assets:
Monetary funds 2,379,744,745.85 2,392,059,424.25
Financial assets measured by fair
value and whose change is recorded in
current gains and losses
Derivative financial assets
Notes receivable 1,242,403,052.48 828,127,854.78
Accounts receivable 977,729,128.03 809,847,584.71
Accounts paid in advance 353,318,612.38 176,658,393.90
Interest receivable
Dividend receivable
Other receivables 41,549,693.14 54,910,749.80
Inventories 701,125,522.20 795,329,785.95
Divided into assets held ready for
28
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
sales
Non-current asset due within one year
Other current assets 300,000,000.00 -
Total current assets 5,995,870,754.08 5,056,933,793.39
Non-current assets:
Finance asset available for sales 5,000,000.00 5,000,000.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 831,652,945.77 833,369,872.61
Investment real estate 11,924,376.15 12,279,792.66
Fixed assets 904,636,663.81 885,435,282.76
Construction in progress 20,804,020.79 48,527,533.03
Engineering material
Disposal of fixed asset 43,439,954.71 43,404,954.71
Productive biological asset
Oil and gas asset
Intangible assets 425,954,766.10 434,092,342.78
Expense on Research and Development 15,171,671.49 509,879.01
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 71,995,944.72 76,189,511.02
Other non-current asset
Total non-current asset 2,330,580,343.54 2,338,809,168.58
Total assets 8,326,451,097.62 7,395,742,961.97
Current liabilities:
Short-term loans 266,246,737.34 373,242,339.07
Financial liability measured by fair
value and with variation reckoned into 1,287,600.00 81,170.00
current gains/losses
Derivative financial liability
Notes payable 1,925,006,413.91 1,036,334,282.38
Accounts payable 1,060,990,368.02 1,151,471,839.41
Accounts received in advance 243,828,562.16 152,745,865.71
Wage payable 9,788,326.00 77,090,385.79
Taxes payable 25,157,646.48 23,323,462.51
29
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Interest payable
Dividend payable 2,200,499.91 2,237,640.91
Other accounts payable 856,232,276.94 712,029,942.44
Divided into liability held ready
for sale
Non-current liabilities due within 1 year 7,487,613.00 7,487,760.60
Other current liabilities
Total current liabilities 4,398,226,043.76 3,536,044,688.82
Non-current liabilities:
Long-term loans 7,292,800.00 7,932,800.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable 40,426,920.51 40,317,465.61
Special accounts payable
Accrual liabilities 339,518,611.89 347,107,686.15
Deferred income 69,922,408.93 75,538,045.61
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 457,160,741.33 470,895,997.37
Total liabilities 4,855,386,785.09 4,006,940,686.19
Owner’s equity:
Share capital 763,739,205.00 763,739,205.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 1,497,987,059.46 1,497,987,059.46
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 359,638,940.46 359,638,940.46
Retained profit 849,699,107.61 767,437,070.86
30
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Total owner’s equity 3,471,064,312.53 3,388,802,275.78
Total liabilities and owner’s equity 8,326,451,097.62 7,395,742,961.97
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
3. Consolidated Profit Statement (this report period)
In RMB
Item Amount in this period Amount in last period
I. Total operating income 1,942,291,649.54 2,441,249,157.46
Including: Operating income 1,942,291,649.54 2,441,249,157.46
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 1,919,762,086.64 2,361,091,843.34
Including: Operating cost 1,602,258,902.59 1,877,752,624.64
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance
contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 22,490,956.33 20,964,799.06
Sales expenses 250,693,912.13 388,899,395.16
Administration expenses 82,849,355.07 111,943,441.95
Financial expenses -19,114,423.08 -22,903,142.26
Losses of devaluation of asset -19,416,616.40 -15,565,275.21
Add: Changing income of fair value(Loss
-4,859,700.00 519,200.00
is listed with “-”)
Investment income (Loss is listed with
-10,120,841.34 -2,398,304.89
“-”)
Including: Investment income on
-11,918,415.45 -680,826.33
affiliated company and joint venture
Exchange income (Loss is listed with “-”)
III. Operating profit (Loss is listed with
7,549,021.56 78,278,209.23
“-”)
Add: Non-operating income 7,905,409.63 6,317,326.37
31
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Including: Disposal gains of
845,874.87 48,371.98
non-current assets
Less: Non-operating expense 29,968.10 1,064,736.66
Including: Disposal loss of non-current
2,194.90 1,041,736.66
asset
IV. Total Profit (Loss is listed with “-”) 15,424,463.09 83,530,798.94
Less: Income tax expense 15,004,174.47 16,443,099.19
V. Net profit (Net loss is listed with “-”) 420,288.62 67,087,699.75
Net profit attributable to owner’s of
3,532,646.05 80,111,532.95
parent company
Minority shareholders’ gains and
-3,112,357.43 -13,023,833.20
losses
VI. Net other comprehensive income
541,651.50 -2,111,339.33
after-tax
Net other comprehensive income
after-tax attributable to owners of parent 338,644.07 -2,111,339.33
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method which
will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income
items which will be reclassified 338,644.07 -2,111,339.33
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method which
will be reclassified subsequently to profit
or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
32
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
investment as available-for-sale financial
assets
4. The effect hedging portion
of gains or losses arising from cash flow
hedging instruments
5. Translation differences
arising on translation of foreign currency 338,644.07 -2,111,339.33
financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority 203,007.43 -
shareholders
VII. Total comprehensive income 961,940.12 64,976,360.42
Total comprehensive income
3,871,290.12 78,000,193.62
attributable to owners of parent Company
Total comprehensive income
-2,909,350.00 -13,023,833.20
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0046 0.1049
(ii) Diluted earnings per share 0.0046 0.1049
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
4. Profit Statement of Parent Company (this report period)
In RMB
Item Current Period Last Period
I. Operating income 1,329,826,538.29 1,406,719,083.14
Less: Operating cost 1,170,877,670.41 1,181,399,527.97
Operating tax and extras 14,068,239.18 4,377,611.36
Sales expenses 46,832,102.06 106,141,503.38
Administration expenses 34,872,319.84 60,590,292.49
Financial expenses -13,917,059.19 -21,328,540.42
Losses of devaluation of asset -2,006,516.36 -1,220,777.79
Add: Changing income of fair
-4,859,700.00 519,200.00
value(Loss is listed with “-”)
Investment income (Loss is
-8,341,667.04 1,754,750.88
listed with “-”)
33
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Including: Investment income
-10,139,241.15 79,689.49
on affiliated company and joint venture
II. Operating profit (Loss is listed
65,898,415.31 79,033,417.03
with “-”)
Add: Non-operating income 6,126,819.05 3,380,437.80
Including: Disposal gains of
- 16,361.75
non-current assets
Less: Non-operating expense - 1,061,305.28
Including: Disposal loss of
- 1,038,305.28
non-current asset
III. Total Profit (Loss is listed with
72,025,234.36 81,352,549.55
“-”)
Less: Income tax expense 13,244,337.71 11,765,491.50
IV. Net profit (Net loss is listed with
58,780,896.65 69,587,058.05
“-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
34
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 58,780,896.65 69,587,058.05
VII. Earnings per share:
(i) Basic earnings per share 0.0770 0.0911
(ii) Diluted earnings per share 0.0770 0.0911
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
5. Consolidated profit statement (year-begin to end of this period)
In RMB
Item Amount in this period Amount in last period
I. Total operating income 8,369,208,938.79 8,785,638,209.63
Including: Operating income 8,369,208,938.79 8,785,638,209.63
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 8,176,833,671.46 8,524,489,865.94
Including: Operating cost 6,686,504,030.49 6,658,248,346.20
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance
contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 67,790,549.95 66,615,799.33
35
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Sales expenses 1,196,139,995.33 1,545,371,615.68
Administration expenses 275,411,598.49 306,490,897.12
Financial expenses -64,917,017.50 -66,743,441.16
Losses of devaluation of asset 15,904,514.70 14,506,648.77
Add: Changing income of fair value(Loss
-1,206,430.00 519,200.00
is listed with “-”)
Investment income (Loss is listed with
-15,605,274.06 -3,182,602.11
“-”)
Including: Investment income on
-18,400,988.39 -1,465,123.55
affiliated company and joint venture
Exchange income (Loss is listed with “-”)
III. Operating profit (Loss is listed with
175,563,563.27 258,484,941.58
“-”)
Add: Non-operating income 22,710,529.49 26,715,233.53
Including: Disposal gains of
860,650.87 1,517,833.34
non-current assets
Less: Non-operating expense 9,294,581.25 3,877,664.58
Including: Disposal loss of non-current
5,698,998.21 1,596,131.19
asset
IV. Total Profit (Loss is listed with “-”) 188,979,511.51 281,322,510.53
Less: Income tax expense 29,516,348.07 53,237,882.50
V. Net profit (Net loss is listed with “-”) 159,463,163.44 228,084,628.03
Net profit attributable to owner’s of
161,902,412.73 239,217,808.78
parent company
Minority shareholders’ gains and losses -2,439,249.29 -11,133,180.75
VI. Net other comprehensive income
35,643.14 -1,519,701.65
after-tax
Net other comprehensive income
after-tax attributable to owners of parent -41,280.31 -1,519,701.65
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method which
will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income -41,280.31 -1,519,701.65
36
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method which
will be reclassified subsequently to profit
or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale financial
assets
4. The effect hedging portion
of gains or losses arising from cash flow
hedging instruments
5. Translation differences
arising on translation of foreign currency -41,280.31 -1,519,701.65
financial statements
6. Other
Net other comprehensive income
76,923.45 -
after-tax attributable to minority
VII. Total other consolidated income 159,498,806.58 226,564,926.38
Total consolidated income attributable to
161,861,132.42 237,698,107.13
owners of parent company
Total consolidated income attributable to
-2,362,325.84 -11,133,180.75
minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.2120 0.3132
(ii) Diluted earnings per share 0.2120 0.3132
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
6. Profit Statement of parent company (year-begin to end of this period)
In RMB
Items Amount in this period Amount in last period
I. Operating income 5,053,471,290.23 4,998,288,343.35
Less: operating cost 4,355,900,602.90 4,216,852,282.82
Operating tax and extras 35,661,857.61 23,716,964.02
37
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Sales expenses 413,572,867.04 462,903,848.24
Administration expenses 127,044,881.98 153,809,199.59
Financial expenses -52,365,696.17 -55,158,901.15
Losses of devaluation of asset 7,245,337.37 40,908,797.89
Add: Changing income of fair
-1,206,430.00 519,200.00
value(Loss is listed with “-”)
Investment income (Loss is listed with
-14,401,544.51 1,659,630.18
“-”)
Including: Investment income on
-16,716,926.84 -15,431.21
affiliated company and joint venture
II. Operating profit (Loss is listed
150,803,464.99 157,434,982.12
with “-”)
Add: Non-operating income 11,921,447.17 20,283,748.28
Including: Disposal gains of
- 696,676.82
non-current assets
Less: Non-operating expense 7,706,718.05 3,644,710.84
Including: Disposal loss of non-current
5,679,902.32 1,466,703.00
asset
III. Total Profit (Loss is listed with
155,018,194.11 174,074,019.56
“-”)
Less: Income tax expense 26,931,805.06 38,730,933.23
IV. Net profit (Net loss is listed with
128,086,389.05 135,343,086.33
“-”)
V. Net other comprehensive income
after-tax
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
38
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 128,086,389.05 135,343,086.33
VII. Earnings per share:
(i) Basic earnings per share 0.1677 0.1772
(ii) Diluted earnings per share 0.1677 0.1772
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
7. Consolidated Cash Flow Statement (year-begin to end of this period)
In RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling commodities
7,171,956,473.04 5,661,182,032.06
and providing labor services
Net increase of customer deposit and
interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from
other financial institution
Cash received from original insurance
contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
Net increase of amount from
disposal financial assets that measured
by fair value and with variation
reckoned into current gains/losses
Cash received from interest,
39
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received 202,906,688.63 75,985,996.85
Other cash received concerning
23,909,684.47 27,382,231.39
operating activities
Subtotal of cash inflow arising from
7,398,772,846.14 5,764,550,260.30
operating activities
Cash paid for purchasing
commodities and receiving labor 4,803,764,558.47 4,410,540,747.94
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 832,710,989.29 626,401,987.79
Taxes paid 297,596,221.20 322,955,088.33
Other cash paid concerning
485,029,682.39 598,862,694.58
operating activities
Subtotal of cash outflow arising from
6,419,101,451.35 5,958,760,518.64
operating activities
Net cash flows arising from operating
979,671,394.79 -194,210,258.34
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
100,500,000.00 676,076.88
investment
Cash received from investment
2,795,714.33 2,150,605.76
income
Net cash received from disposal of
4,202,632.00 41,316,035.71
fixed, intangible and other long-term
40
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
76,968,567.01 75,688,576.33
investing activities
Subtotal of cash inflow from investing
184,466,913.34 119,831,294.68
activities
Cash paid for purchasing fixed,
71,374,650.21 66,984,816.97
intangible and other long-term assets
Cash paid for investment 470,150,056.00 1,217,812.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
541,524,706.21 68,202,628.97
activities
Net cash flows arising from investing
-357,057,792.87 51,628,665.71
activities
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 1,400,969,378.32 1,322,865,410.42
Cash received from issuing bonds
Other cash received concerning
- 88,864.95
financing activities
Subtotal of cash inflow from financing
1,400,969,378.32 1,322,954,275.37
activities
Cash paid for settling debts 1,607,381,942.11 1,146,752,483.72
Cash paid for dividend and profit
52,390,562.88 60,590,588.42
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
41
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
Other cash paid concerning
224,020.35 3,068,420.75
financing activities
Subtotal of cash outflow from financing
1,659,996,525.34 1,210,411,492.89
activities
Net cash flows arising from financing
-259,027,147.02 112,542,782.48
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 20,829,216.21 6,852,120.57
exchange rate
V. Net increase of cash and cash
384,415,671.11 -23,186,689.58
equivalents
Add: Balance of cash and cash
2,645,879,017.88 2,238,884,137.50
equivalents at the period -begin
VI. Balance of cash and cash
3,030,294,688.99 2,215,697,447.92
equivalents at the period -end
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
8. Cash Flow Statement of parent company (year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 3,847,637,016.40 3,289,895,343.34
services
Write-back of tax received 117,943,770.04 34,967,339.65
Other cash received concerning
13,230,836.70 3,590,403.68
operating activities
Subtotal of cash inflow arising from
3,978,811,623.14 3,328,453,086.67
operating activities
Cash paid for purchasing
commodities and receiving labor 3,157,708,450.41 3,106,443,257.32
service
Cash paid to/for staff and workers 300,601,769.60 218,123,897.75
Taxes paid 121,867,065.71 113,834,004.67
Other cash paid concerning
222,116,329.76 252,580,757.65
operating activities
Subtotal of cash outflow arising from 3,802,293,615.48 3,690,981,917.39
42
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
operating activities
Net cash flows arising from operating
176,518,007.66 -362,528,830.72
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
100,000,000.00 -
investment
Cash received from investment
2,315,382.33 2,000,605.76
income
Net cash received from disposal of
fixed, intangible and other long-term 969,312.00 961,417.31
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
58,154,223.63 69,008,126.56
investing activities
Subtotal of cash inflow from investing
161,438,917.96 71,970,149.63
activities
Cash paid for purchasing fixed,
35,984,182.41 44,602,433.46
intangible and other long-term assets
Cash paid for investment 415,000,000.00 40,950,000.00
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
450,984,182.41 85,552,433.46
activities
Net cash flows arising from investing
-289,545,264.45 -13,582,283.83
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 1,312,414,820.91 1,131,724,576.65
Cash received from issuing bonds
Other cash received concerning
390,538,160.60 45,690,154.62
financing activities
Subtotal of cash inflow from financing 1,702,952,981.51 1,177,414,731.27
43
HEFEI MEILING CO., LTD. THE THIRD QUARTERLY REPORT FOR 2015(Full Text)
activities
Cash paid for settling debts 1,475,931,002.11 999,105,583.72
Cash paid for dividend and profit
50,789,587.20 58,149,356.51
distributing or interest paying
Other cash paid concerning
97,303,941.36 4,453,408.40
financing activities
Subtotal of cash outflow from financing
1,624,024,530.67 1,061,708,348.63
activities
Net cash flows arising from financing
78,928,450.84 115,706,382.64
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 16,089,563.99 5,345,392.94
exchange rate
V. Net increase of cash and cash
-18,009,241.96 -255,059,338.97
equivalents
Add: Balance of cash and cash
2,390,446,316.58 1,996,577,625.49
equivalents at the period -begin
VI. Balance of cash and cash
2,372,437,074.62 1,741,518,286.52
equivalents at the period -end
Legal representative: Liu Tibin
Person in charge of accounting works: Zhang Xiaolong
Person in charge of accounting institution: Luo Bo
II. Audit Report
Whether the third quarter report was audited or not
□Yes √No
Hefei Meiling Co., Ltd.
Chairman: Liu Tibin
17 October 2015
44
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