Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Wuxi Little Swan Company Limited
Report for the Third Quarter of 2015
October 2015
1
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Wuxi Little Swan Company Limited (hereinafter referred to as “the Company”) warrant that this report is
factual, accurate and complete without any false record, misleading statement or material omission. And they shall
be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Mr. Fang Hongbo, chairman of the Board of Directors, Mr. Sun Yunan, CFO, and Mr. Zhong Fangliu, chief of the
accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual,
accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
2
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 12,585,033,082.49 11,376,793,928.71 10.62%
Net assets attributable to shareholders of the
4,846,345,765.01 4,427,982,112.33 9.45%
Company (RMB Yuan)
YoY increase YoY increase
Jul.-Sept. 2015 Jan.-Sept. 2015
/decrease (%) /decrease (%)
Operating revenues (RMB Yuan) 3,510,072,100.54 25.17% 9,611,975,965.14 23.57%
Net profit attributable to shareholders of the
255,058,086.34 28.92% 685,752,354.91 33.36%
Company (RMB Yuan)
Net profit attributable to shareholders of the
Company after extraordinary gains and losses 219,795,998.78 27.64% 588,911,220.79 32.43%
(RMB Yuan)
Net cash flows from operating activities (RMB
-- -- 2,573,223,119.81 154.02%
Yuan)
Basic EPS (RMB Yuan/share) 0.40 29.03% 1.08 33.33%
Diluted EPS (RMB Yuan/share) 0.40 29.03% 1.08 33.33%
Weighted average ROE (%) 5.41% 0.63% 14.95% 2.42%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Amount as of
Item Note
Jan.-Sept. 2015
Gains/losses on the disposal of non-current assets (including the offset part of asset
-239,763.40
impairment provisions)
Government grants recognized in the current period, except for those acquired in the ordinary
course of business or granted at certain quotas or amounts according to the country’s unified 21,113,821.61
standards
Gain/loss on entrusting others with investments or asset management 97,336,543.98
Gain/loss on debt restructuring 5,139,757.88
Reversal of impairment provisions for the accounts receivable on which impairment tests were 341,340.00
3
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
carried out separately
Other non-operating income and expenses than the above 7,516,565.87
Less: Income tax effects 19,677,549.20
Minority interests effects (after tax) 14,689,582.62
Total 96,841,134.12 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common shareholders at the period-end 24,977
Shareholdings of the top ten common shareholders
Pledged or frozen
Number of
Shareholding Number of shares
Nature of restricted
Name of shareholder percentage the shares Number
shareholder shares Status of
(%) held of
held shares
shares
Domestic
MIDEA GROUP CO., LTD. non-state-owned 37.78% 238,948,117
corporation
TITONI INVESTMENTS DEVELOPMENT
Foreign corporation 14.89% 94,204,942
LTD.
GAOLING FUND, L.P. Foreign corporation 3.43% 21,694,456
State-owned
FINANCE BUREAU OF WUXI 2.70% 17,054,071
corporation
CHINA SECURITIES FINANCE State-owned
1.90% 12,036,290
CORPORATION LIMITED corporation
GREENWOODS CHINA ALPHA MASTER
Foreign corporation 1.65% 10,463,425
FUND
State-owned
Central Huijin Investment Ltd. 1.61% 10,156,300
corporation
4
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Domestic
NATIONAL SOCIAL SECURITY FUND
non-state-owned 1.11% 7,000,029
PORTFOLIO 102
corporation
LMA SPC F/B/O MAP 147 SEGREGATED
Foreign corporation 0.75% 4,750,518
PORTFOLIO
Domestic
CITIC Securities Co., Ltd. non-state-owned 0.74% 4,687,195
corporation
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted Type of shares
Name of shareholder common shares held
Type Number
at the period-end
MIDEA GROUP CO., LTD. 238,948,117 RMB ordinary share 238,948,117
TITONI INVESTMENTS DEVELOPMENT
94,204,942 Domestically listed foreign share 94,204,942
LTD.
GAOLING FUND, L.P. 21,694,456 Domestically listed foreign share 21,694,456
FINANCE BUREAU OF WUXI 17,054,071 RMB ordinary share 17,054,071
CHINA SECURITIES FINANCE
12,036,290 RMB ordinary share 12,036,290
CORPORATION LIMITED
GREENWOODS CHINA ALPHA MASTER
10,463,425 Domestically listed foreign share 10,463,425
FUND
Central Huijin Investment Ltd. 10,156,300 RMB ordinary share 10,156,300
NATIONAL SOCIAL SECURITY FUND
7,000,029 RMB ordinary share 7,000,029
PORTFOLIO 102
LMA SPC F/B/O MAP 147 SEGREGATED
4,750,518 Domestically listed foreign share 4,750,518
PORTFOLIO
CITIC Securities Co., Ltd. 4,687,195 RMB ordinary share 4,687,195
Explanation on associated relationship or/and MIDEA GROUP CO., LTD. and TITONI INVESTMENTS DEVELOPMENT
persons LTD. are parties acting in concert.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company
carry out any agreed buy-back in the reporting period?
□ Yes √ No
No any top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out
any agreed buy-back in the reporting period during the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
5
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Section III. Significant Events
I. Major changes in main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
Unit: RMB Ten Thousand Yuan
Financial Increase/ Increase/
30 Sept. 2015 31 Dec. 2014 Explanation
statement item decrease decrease (%)
We enhanced capital management, adopting notes
Monetary funds 406,246.43 305,991.50 100,254.93 33%
payable instead of cash more often in payment.
Notes receivable 167,641.95 314,715.35 -147,073.40 -47% Due notes receivable from customers were honored.
Prepayments 22,483.03 14,297.75 8,185.28 57% Prepayments for materials increased.
Other receivables 2,411.00 3,461.20 -1,050.20 -30% The export tax rebates from last year were received.
Other current assets 338,245.87 194,797.22 143,448.64 74% We invested more in banks’ financial products.
Long-term deferred
489.56 185.20 304.36 164% The expenses on molds increased.
expenses
Banker’s acceptance bills drawn by the Company
Notes payable 158,843.30 117,385.11 41,458.19 35%
were adopted more often in payment.
The dividends for some shareholders with restricted
Dividends payable 540.07 408.81 131.25 32%
shares for 2014 were unpaid.
Financial Jan.-Sept. Jan.-Sept. Increase/ Increase/
Explanation
statement item 2015 2014 decrease decrease (%)
Administrative
43,430.08 32,582.10 10,847.98 33% The expense on remuneration and R&D increased.
expenses
The interest on deposits and the exchange gains due
Financial expenses -8,192.47 -4,341.62 -3,850.85 -89%
to exchange rate fluctuations increased.
In the same period of last year, a provision of RMB
Asset impairment losses 866.84 2,243.10 -1,376.26 -61% 13.74 million was made for impairment of fixed
assets.
Gains on fair value The losses on fair value changes of forward exchange
-24.89 -1,339.08 1,314.19 98%
changes contracts decreased.
Non-business expenses 3,626.80 2,721.71 905.08 33% Government subsidies granted increased.
Net profits 79,871.63 58,231.35 21,640.28 37% The sales volume increased.
Minority shareholders’ The net profits of subsidiary Hefei Midea Washing
11,296.40 6,811.20 4,485.19 66%
income Machine Co., Ltd. increased.
6
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
The translation difference of foreign-currency
Other comprehensive
120.01 26.65 93.36 350% statements of the Singapore subsidiary changed as a
incomes
result of exchange rate fluctuations.
The cash received from sale of goods and rendering
Net cash flows from of services increased as the sales volume increased.
257,322.31 101,301.89 156,020.42 154%
operating activities Meanwhile, the operating receivables decreased and
the operating payables increased.
Net cash flows from
-250,227.95 -17,600.36 -232,627.59 -1322% We invested more in banks’ financial products.
investing activities
Net cash flows from
-18,585.37 -8,999.89 -9,585.48 -107% The cash paid as dividends increased.
financing activities
Net increase in cash and
-11,491.01 74,701.65 -86,192.66 -115% The investing and financing cash flows increased.
cash equivalents
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
√ Applicable □ Inapplicable
Time of Period
Commitment making of Fulfil
Commitment Contents
maker commitme commi lment
nt tment
Where the controlling shareholder GD Midea Holding Co., Ltd.
(Midea Holding) plans to sell the Company’s shares released from In the
trading moratorium held by it via the bid trading system of the proce
Commitment on share Controlling Shenzhen Stock Exchange, and Midea Holding decreases over 5% 28 Feb. Long-t ss of
reform shareholder shares within six months since the first reduction of holdings, Midea 2008 erm imple
Holding will disclose the suggestive announcement on share selling menta
through the Company two trading days before its first reduction of tion
holdings.
1. As for the commitment of avoiding horizontal competition, Midea
In the
Holding (the controlling shareholder) and Mr. He Xiangjian (the
Commitment in the Controlling proce
actual controller) has promised that, and for the period after the said 1 Dec.
acquisition report or shareholder Long-t ss of
transaction when the Company’s controlling shareholder and actual 2010, 6
the report on equity and actual erm imple
controller remain unchanged, the actual controller Mr. He Xiangjian Jun. 2014
changes controller menta
and his direct relatives, Midea Group and its controlling other
tion
enterprises recently no and will neither engage in the same or similar
7
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
production and operating activities as the current main business of
Little and its controlling enterprises, nor control other economic
entities, institutions and economic organizations to engage in or
participate at the same competitive business with the current main
business of Little Swan and the enterprises controlled by it. If Little
Swan and its controlling enterprises developed their operation
business scope on the basis of the current business, the actual
controller Mr. He Xiangjian and his direct relatives, Midea Group and
its controlling other enterprises if had ceased production on those
business, the Company will solve the horizontal competition caused
by them during reasonable period, and if at the moment had not
execute any production and operation, they will not engage in those
new business competed with Little Swan or its controlling enterprises.
If there was any situation violated the above commitments, the profits
gained from the relevant business should be enjoyed by Little Swan.
2. As for the commitment for regulating related-party transactions, GD
Midea Holding (the controlling shareholder) and Mr. He Xiangjian
(the actual controller) have promised that when there are inevitable
related-party transactions or such transaction incurred with rational
reasons of the period after the said transaction when the Company’s
controlling shareholder and actual controller remain unchanged, the
actual controller Mr. He Xiangjian and his direct relatives, Midea
Group and its controlling other enterprises will standard and try their
best to reduce the related transactions between Little Swan and its
controlled enterprises. If there was unavoidable related transactions
with Little Swan and its controlling enterprises, the Company will
sign the standard related transaction agreement with Little Swan
In the
according to law and execute the approval procedure according to
Controlling proce
relevant regulations for ensuring the fairness of the price of the related 1 Dec.
shareholder Long-t ss of
transactions; guarantee that to execute the information disclosure 2010, 6
and actual erm imple
obligations of the related transactions according to relevant Jun. 2014
controller menta
regulations; guarantee not to make use of the related transactions
tion
illegally transfer the capital and profits of Little Swan as well as not to
make use of the related transactions to do harm to the interests of
Little Swan and the shareholders; will not require Little Swan to
provide more favorable conditions than the conditions that provides
for the independent third parties among any market fair deal; when
those other enterprise relevant events involved with the actual
controller Mr. He Xiangjian and his direct relatives, Midea Group and
its controlling enterprises taking the voting, the Company should
execute the voting avoiding obligations. If there did any situation that
violated the above commitments and guarantees own to Midea Group
and Mr. He Xiangjian that harmed the equities of Little or other
shareholders, Midea Group and Mr. He Xiangjian should take the
8
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
corresponding compensation responsibility according to laws.
3. As for the commitment on independence, for further ensure the In the
Controlling independent operation of Little Swan, Midea Group and the actual proce
1 Dec.
shareholder controller Mr. He Xiangjian and its controlling other enterprises will Long-t ss of
2010, 6
and actual maintain mutual independent in the aspects such as personnel, finance, erm imple
Jun. 2014
controller assets, business and institutions according to the relevant laws and menta
regulations as well as the normative documents. tion
4. As for the commitment on related-party deposits and borrowings,
up to 8 Apr. 2010, the Financial Settlement Center of GD Midea In the
Holding had settled all internal deposits and borrowings with Hefei proce
Controlling Royalstar Washing Equipment Manufacturing Co., Ltd.; and GD 1 Dec. Long-t ss of
shareholder Midea Holding has promised that there will be no more deposits, 2010 erm imple
borrowings or other funds flows incurred between the Financial menta
Settlement Center and Hefei Royalstar Washing Equipment tion
Manufacturing Co., Ltd..
5. The commitment by GD Midea Holding on housing properties with
no ownership certificates of the target company for sale is detailed as
follows. Two pieces of the buildings of Royalstar Washing Equipment
In the
assessed and sold to the Company are of no ownership
proce
certificates—the warehouse for half-finished products (176 square
Controlling 1 Dec. Long-t ss of
meters) and the workshop for injection molding (834 square meters),
shareholder 2010 erm imple
both located in the old factory of Royalstar Washing Equipment,
menta
Hewa Road, Hefei. GD Midea Holding has promised that if loss
tion
occurs due to the said two buildings without ownership certificates in
the asset disposal process in the future, it will assume the loss thus
caused and make compensation to the Company.
6. The commitment by GD Midea Holding on trademarks is detailed (2)
as follows. (1) Concerning the “Midea” trademark: Upon approval and Conce
implementation of the equity transfer transaction, GD Midea Holding rning
has promised that it will make sure that Royalstar Washing Equipment the
uses the “Midea” trademark in a proper manner. Royalstar Washing “Royal
Equipment will be allowed to use the “Midea” trademark with a star”
In the
trademark use fee not more than that paid by Midea Group (the tradem
proce
controlling shareholder of GD Midea Holding) and its subsidiaries ark
Controlling 1 Dec. ss of
(currently 3‰ of the annual sales income generated by products using was
shareholder 2010 imple
the “Midea” trademark), and upon negotiation and signing of the expire
menta
“Agreement for Trademark Use”. The related-party transactions d on
tion
incurred due to the said use of the “Midea” trademark will be 31
submitted to the decision-making organ of the Company for approval Mar.
according to the stipulated procedure. As such, interests of the 2013
Company and its minority shareholders will be safeguarded. (2) and
Concerning the “Royalstar” trademark: GD Midea Holding has signed will
the “Contract for Trademark Use” with Royalstar Group and obtained not be
9
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
the ordinary use rights of the “Royalstar” (or “荣事达”) trademark. As renew
the transferor in the transfer transaction of equity interests of ed,
Royalstar Washing Equipment, GD Midea Holding has promised that others
within the scope as agreed in the “Contract for Trademark Use”, if any are in
dispute arises between Royalstar Washing Equipment and Royalstar the
Group over the former’s execution of the “Contract for Trademark proces
Use”, Little Swan will not be involved. If Royalstar Washing s of
Equipment and Little Swan have to assume any responsibility or loss long
due to the aforesaid dispute, GD Midea Holding is willing to take on term
the responsibility instead and make compensations to Royalstar imple
Washing Equipment and Little Swan at full amount. mentat
ion
7. The commitment by GD Midea Holding on social security payment
and tax risks is detailed as follows. GD Midea Holding has promised
that upon the completion of the said equity transfer deal, if Royalstar
Washing Equipment is obliged to take on any responsibility or pay
relevant fares as required by relevant government authorities due to its
social security payment before the said deal, GD Midea Holding is
In the
willing to pay relevant fares for Royalstar Washing Equipment to
proce
relevant government authorities in a timely manner and assume any
Controlling 1 Dec. Long-t ss of
other liability. If any loss thus occurs to Royalstar Washing Equipment
shareholder 2010 erm imple
or Little Swan, GD Midea Holding is willing to assume relevant
menta
responsibilities for compensation. Upon the completion of the said
tion
equity transfer deal, if income tax evasion or any other tax risk is
found in Royalstar Washing Equipment, GD Midea Holding is willing
to assume relevant legal responsibilities and risks and pay relevant
taxes in a timely manner to relevant government authorities; and if
any loss thus occurs to Little Swan, GD Midea Holding will assume
the corresponding responsibility for compensation.
8. The commitment by Midea Group on capital safety at the finance
In the
companies of the Company: during the validity period of the Financial
3 proce
Services Agreement, when Midea Group occurred emergency
Controlling 18 Mar. years ss of
situation of payment difficulty at finance companies, it should adopt
shareholder 2015 validit imple
the effective measures such as increase the capital fund of the finance
y menta
companies according to the actual needs of solving the payment
tion
difficulty to ensure the capital safety of the Company.
Commitments made
upon the assets
reorganization
Commitments made
upon IPO or
refinancing
10
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Other commitments
made to minority
shareholders
Executed timely or
Yes
not?
Specific reasons fail
to complete execution
Inapplicable
and further plans (if
any)
IV. Predict the 2015 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
V. Securities investments
□ Applicable √ Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
□ Applicable √ Inapplicable
There was no shareholding in other listed companies in the Company
VII. Derivative investment
Unit: RMB Ten Thousand Yuan
Proportion
of the
Relate
Closin closing Actual
d-part Impairme
Type of Initial Opening g investment gain/loss
Relatio y Beginning Ending nt
Operator derivative investment investmen invest amount in in
n transac date date provision
investment amount t amount ment the reporting
tion or (if any)
amount Company’s period
not
closing net
assets (%)
Forward
16 May 19 May
Bank No No exchange 5,770 5,770 0 0.00% 60
2013 2015
contract
11
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Total 5,770 -- -- 5,770 0 0.00% 60
Capital source for derivative
All self-owned funds
investment
Lawsuits (if applicable) Inapplicable
Disclosure date of the board
announcement approving the 18 Mar. 2015
derivative investment (if any)
Disclosure date of the general meeting
announcement approving the 20 Apr. 2015
derivative investment (if any)
The Company has formulated the Management Methods for Exchange Funds upon review
to thoroughly assess and control derivative investment risks, which are detailed as follows:
1. Market risk
Fluctuations of exchange rates may incur a great market risk in the foreign exchange funds
business. Meanwhile, if the Company fails to input foreign exchanges on time for contract
execution in the foreign exchange funds business, contract breach risk may incur.
Counter-measures: The Company will not carry out speculative trading in its foreign
exchange funds business. And the Company will stick to the principle of being prudent in
operations. A from-the-bottom-up management mechanism is adopted. When subsidiaries or
product enterprises file applications for funds business, they will give a risk analysis on
conditions or circumstances that might affect gains and losses, estimate the maximum gain
and loss, and state the ratio or total amount of guarantee deposits they can bear. And the
Analysis on risks and control Company will, according to their applications, update operations in time in its funds
measures of derivative products held business and make funds arrangements before the maturity date.
in the reporting period (including but
2. Operation risk
not limited to market risk, liquidity
risk, credit risk, operation risk, law The Company may suffer loss in its hedging business and foreign exchange funds business
risk, etc.) due to faulty internal procedures, staff, systems and external events.
Counter-measures: Responsibility division and approval procedures for the hedging and
foreign exchange business have been specified in relevant management rules. And a sound
supervision mechanism has been established. And operation risk can be effectively reduced
by enhancing risk control over procedures for operation, decision-making and trading.
3. Risk concerning laws and regulations
The Company carries out its foreign exchange business in compliance with applicable laws
and regulations, with rights and duties between the Company and agencies being stated
clearly.
Counter-measures: The Company urges responsible departments to understand better about
relevant laws, regulations and market rules; be strict in contract re-checks; make clear
relevant rights and duties; and enhance compliance checks to make sure that the Company
operates derivative investments in compliance with applicable laws, regulations and the
12
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Company’s internal management rules.
Changes of market prices or fair
values in the reporting period of the
invested derivatives. And the analysis
The Company adopts forward foreign exchange quotations declared by the People’s Bank of
on the fair value of the derivatives
China in its analysis on fair values of derivative products.
should include the specific use
methods and the relevant assumptions
and parameters.
Whether significant changes occurred
to the Company’s accounting policy
and specific accounting principles of
No significant changes.
derivatives in the reporting period
compared to the previous reporting
period
Independent directors of the Company believe that: The Company has formulated derivative
investment rules such as the Management Methods for Exchange Funds to help it effectively
Specific opinion from independent control risks involved; the Company’s derivative investments in the reporting period mainly
directors on the Company’s targeted its exports. It signed forward exchange contracts with domestic financial
derivatives investment and risk institutions, which helped it to lock up the exchange rate and avoid the risk of exchange rate
control fluctuations. The Company conducted no speculative operations, so there was no credit risk.
And transaction periods were determined according to expectations and payment receiving
and making, with no influence on the Company’s fluidity.
VIII. Researches, visits and interviews received in the reporting period
Main discussion and
Time Place Way of reception Visitor type Visitor materials provided by
the Company
GF securities, Biaopu Investment,
Conference Room High Hope International, Xixian Asset Overall operation of
12 Aug. 2015 Field research Institution
of the Company Zhongtai Securities, Huabao the Company
Investment
Yizhenglang Investment, Sinolink
Securities, Blossom Investment,
Conference Room Overall operation of
19 Aug. 2015 Field research Institution Pacific Securities, Citic PE Jingnuo
of the Company the Company
Investment, Singapore Tokyo
Haishang ,
Conference Room Overall operation of
11 Sep. 2015 Field research Institution Zheshang Securities
of the Company the Company
Conference Room Neuberger-Berman, Value partners Overall operation of
15 Sep. 2015 Field research Institution
of the Company investment the Company
13
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Wuxi Little Swan Company Limited
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 4,062,464,287.18 3,059,914,956.21
Settlement reserves
Intra-group lendings
Financial assets measured at fair value of which changes are recorded in current
248,907.75
profits and losses
Derivative financial assets
Notes receivable 1,676,419,522.76 3,147,153,535.61
Accounts receivable 1,059,234,557.08 856,343,229.70
Accounts paid in advance 224,830,339.24 142,977,522.28
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserves
Interest receivable
Dividend receivable
Other accounts receivable 24,109,952.21 34,611,969.22
Financial assets purchased under agreements to resell
Inventories 605,989,653.98 605,616,993.25
Assets held for sale
Non-current assets due within 1 year
Other current assets 3,382,458,658.05 1,947,972,214.72
Total current assets 11,035,506,970.50 9,794,839,328.74
Non-current assets:
Loans by mandate and advances granted
Available-for-sale financial assets 200,000.00 200,000.00
14
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 2,595,011.08 2,850,040.45
Investing real estate 69,987,243.75 73,229,177.52
Fixed assets 1,006,135,467.04 1,065,820,898.65
Construction in progress 323,748.00
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 198,831,363.18 202,760,577.70
R&D expense
Goodwill
Long-term deferred expenses 4,895,619.38 1,851,978.15
Deferred income tax assets 266,557,659.56 235,241,927.50
Other non-current assets
Total of non-current assets 1,549,526,111.99 1,581,954,599.97
Total assets 12,585,033,082.49 11,376,793,928.71
Current liabilities:
Short-term borrowings 99,766,633.19
Borrowings from the Central Bank
Customer bank deposits and due to banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable 1,588,433,022.23 1,173,851,127.31
Accounts payable 2,476,603,810.46 2,262,449,152.85
Accounts received in advance 622,168,195.08 851,592,826.03
Financial assets sold and repurchased
Handling charges and commissions payable
Payroll payable 214,843,945.51 250,377,809.92
Tax payable 278,739,422.85 273,648,854.64
Interest payable
15
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Dividend payable 5,400,652.06 4,088,128.36
Other accounts payable 43,706,497.62 48,540,416.84
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of securities
Payables for acting underwriting of securities
Liabilities held for sale
Non-current liabilities due within 1 year
Other current liabilities 1,563,232,105.54 1,351,628,660.52
Total current liabilities 6,892,894,284.54 6,216,176,976.47
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: preference shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables 2,073,957.30 2,073,957.30
Estimated liabilities 9,555,177.30 9,960,830.74
Deferred income 3,508,833.30 3,848,733.33
Deferred income tax liabilities 37,336.16
Other non-current liabilities
Total non-current liabilities 15,137,967.90 15,920,857.53
Total liabilities 6,908,032,252.44 6,232,097,834.00
Owners’ equity:
Share capital 632,487,764.00 632,487,764.00
Other equity instruments
Of which: preference shares
Perpetual bonds
Capital reserves 1,155,986,987.73 1,139,956,336.03
Less: Treasury stock
Other comprehensive income -2,249,549.69 -3,449,689.57
Specific reserves
Surplus reserves 332,594,722.29 332,594,722.29
16
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Provisions for general risks
Retained profits 2,727,525,840.68 2,326,392,979.58
Total equity attributable to owners of the Company 4,846,345,765.01 4,427,982,112.33
Minority interests 830,655,065.04 716,713,982.38
Total owners’ equity 5,677,000,830.05 5,144,696,094.71
Total liabilities and owners’ equity 12,585,033,082.49 11,376,793,928.71
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 2,735,206,817.12 1,911,559,698.48
Financial assets measured at fair value of which changes are recorded in current
169,471.35
profits and losses
Derivative financial assets
Notes receivable 1,010,834,932.41 1,995,701,371.99
Accounts receivable 1,257,852,525.69 599,080,895.73
Accounts paid in advance 162,468,154.56 82,118,815.39
Interest receivable
Dividend receivable
Other accounts receivable 18,416,207.34 16,162,292.29
Inventories 407,002,617.92 391,600,972.50
Assets held for sale
Non-current assets due within 1 year
Other current assets 1,527,246,717.04 1,024,148,072.06
Total current assets 7,119,027,972.08 6,020,541,589.79
Non-current assets:
Available-for-sale financial assets 150,000.00 150,000.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 1,342,289,502.65 1,342,544,532.02
Investing real estate 8,306,355.40 9,112,459.48
17
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Fixed assets 506,643,512.02 536,196,976.55
Construction in progress 323,748.00
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 95,954,043.03 97,971,768.25
R&D expense
Goodwill
Long-term deferred expenses 4,462,841.58 1,525,311.48
Deferred income tax assets 171,615,870.18 156,000,386.72
Other non-current assets
Total of non-current assets 2,129,745,872.86 2,143,501,434.50
Total assets 9,248,773,844.94 8,164,043,024.29
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable 1,103,402,441.83 584,317,575.73
Accounts payable 2,097,871,236.11 1,663,609,722.19
Accounts received in advance 394,214,986.25 536,032,679.79
Payroll payable 133,357,269.29 156,971,021.63
Tax payable 213,336,562.28 178,868,538.14
Interest payable
Dividend payable 5,400,652.06 4,088,128.36
Other accounts payable 10,667,296.69 15,256,765.11
Liabilities held for sale
Non-current liabilities due within 1 year
Other current liabilities 992,707,872.22 884,584,189.21
Total current liabilities 4,950,958,316.73 4,023,728,620.16
Non-current liabilities:
Long-term borrowings
Bonds payable
18
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Of which: preference shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income
Deferred income tax liabilities 25,420.70
Other non-current liabilities
Total non-current liabilities 25,420.70
Total liabilities 4,950,958,316.73 4,023,754,040.86
Owners’ equity:
Share capital 632,487,764.00 632,487,764.00
Other equity instruments
Of which: preference shares
Perpetual bonds
Capital reserves 1,313,862,821.92 1,300,124,962.20
Less: Treasury stock
Other comprehensive income
Specific reserves
Surplus reserves 319,944,578.39 319,944,578.39
Retained profits 2,031,520,363.90 1,887,731,678.84
Total owners’ equity 4,297,815,528.21 4,140,288,983.43
Total liabilities and owners’ equity 9,248,773,844.94 8,164,043,024.29
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
3. Consolidated income statement for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Operating revenues 3,510,072,100.54 2,804,258,384.17
Including: Sales income 3,510,072,100.54 2,804,258,384.17
Interest income
19
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Premium income
Handling charge and commission income
II. Operating costs 3,198,907,863.33 2,576,607,738.71
Including: Cost of sales 2,583,468,348.47 2,091,801,523.78
Interest expenses
Handling charge and commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 19,754,705.85 19,941,950.55
Selling and distribution expenses 495,065,883.50 371,631,466.09
Administrative expenses 161,344,800.11 115,738,140.00
Financial expenses -70,719,418.82 -33,516,356.24
Asset impairment loss 9,993,544.22 11,011,014.51
Add: Gain/(loss) from change in fair value (“-” means loss) 138,950.00
Gain/(loss) from investment (“-” means loss) 25,864,076.79 34,382,091.67
Including: share of profits in associates and joint ventures
Foreign exchange gains (“-” means loss)
III. Business profit (“-” means loss) 337,028,314.00 262,171,687.13
Add: non-operating income 21,611,774.63 15,602,937.06
Including: Gains on disposal of non-current assets
Less: non-operating expense 3,404,577.63 2,880,560.12
Including: Losses on disposal of non-current assets
IV. Total profit (“-” means loss) 355,235,511.00 274,894,064.07
Less: Income tax expense 55,028,201.18 42,944,237.62
V. Net profit (“-” means loss) 300,207,309.82 231,949,826.45
Net profit attributable to owners of the Company 255,058,086.34 197,842,982.94
Minority shareholders’ income 45,149,223.48 34,106,843.51
VI. After-tax net amount of other comprehensive incomes 1,226,885.57 40,488.59
After-tax net amount of other comprehensive incomes attributable to owners
1,226,885.57 40,488.59
of the Company
(I) Other comprehensive incomes that will not be reclassified into gains and
losses
20
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
1. Changes in net liabilities or assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other comprehensive incomes in investees that
cannot be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains and
1,226,885.57 40,488.59
losses
1. Enjoyable shares in other comprehensive incomes in investees that
will be reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale financial
assets
3. Gains and losses on reclassifying held-to-maturity investments into
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows
5. Foreign-currency financial statement translation difference 1,226,885.57 40,488.59
6. Other
After-tax net amount of other comprehensive incomes attributable to minority
shareholders
VII. Total comprehensive incomes 301,434,195.39 231,990,315.04
Attributable to owners of the Company 256,284,971.92 197,883,471.54
Attributable to minority shareholders 45,149,223.47 34,106,843.50
VIII. Earnings per share
(I) Basic earnings per share 0.40 0.31
(II) Diluted earnings per share 0.40 0.31
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
4. Income statement of the Company for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Total sales 2,647,909,682.72 2,045,214,108.73
Less: cost of sales 2,045,857,912.17 1,551,013,865.02
Business taxes and surcharges 12,612,735.77 14,895,038.76
Distribution expenses 349,207,178.77 287,110,364.16
Administrative expenses 118,831,368.42 80,643,242.07
Financial costs -48,976,872.61 -12,084,031.02
21
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Impairment loss 3,828,984.75 9,489,035.72
Add: gain/(loss) from change in fair value (“-” means loss) 149,660.00
Gain/(loss) from investment (“-” means loss) 16,566,655.20 27,323,011.72
Including: income form investment on associates and joint ventures
II. Business profit (“-” means loss) 183,115,030.65 141,619,265.74
Add: non-operating income 10,604,914.48 6,170,955.53
Including: Gains on disposal of non-current assets
Less: non-operating expense 1,749,739.07 2,599,036.26
Including: Losses on disposal of non-current assets
III. Total profit (“-” means loss) 191,970,206.06 145,191,185.01
Less: Income tax expense 29,992,841.90 22,917,494.19
IV. Net profit (“-” means loss) 161,977,364.16 122,273,690.82
V. After-tax net amount of other comprehensive incomes 41,983.20
(I) Other comprehensive incomes that will not be reclassified into gains and
losses
1. Changes in net liabilities or assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other comprehensive incomes in investees that cannot
be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains and losses 41,983.20
1. Enjoyable shares in other comprehensive incomes in investees that will be
reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale financial assets
3. Gains and losses on reclassifying held-to-maturity investments into
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows
5. Foreign-currency financial statement translation difference 41,983.20
6. Other
VI. Total comprehensive incomes 161,977,364.16 122,315,674.02
VII. Earnings per share
(I) Basic earnings per share 0.26 0.19
(II) Diluted earnings per share 0.26 0.19
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
22
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
5. Consolidated income statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Operating revenues 9,611,975,965.14 7,778,315,404.72
Including: Sales income 9,611,975,965.14 7,778,315,404.72
Interest income
Premium income
Handling charge and commission income
II. Operating costs 8,804,565,769.65 7,183,578,691.28
Including: Cost of sales 7,041,009,821.12 5,747,116,600.37
Interest expenses
Handling charge and commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 57,452,288.11 51,122,619.48
Selling and distribution expenses 1,345,059,132.80 1,080,503,620.01
Administrative expenses 434,300,798.21 325,821,024.69
Financial expenses -81,924,696.40 -43,416,185.10
Asset impairment loss 8,668,425.80 22,431,011.83
Add: Gain/(loss) from change in fair value (“-” means loss) -248,907.75 -13,390,840.00
Gain/(loss) from investment (“-” means loss) 97,684,604.61 90,760,162.13
Including: share of profits in associates and joint ventures
Foreign exchange gains (“-” means loss)
III. Business profit (“-” means loss) 904,845,892.35 672,106,035.57
Add: non-operating income 36,267,977.30 27,217,146.86
Including: Gains on disposal of non-current assets
Less: non-operating expense 8,452,933.88 7,628,798.78
Including: Losses on disposal of non-current assets
IV. Total profit (“-” means loss) 932,660,935.77 691,694,383.65
Less: Income tax expense 133,944,603.89 109,380,840.22
V. Net profit (“-” means loss) 798,716,331.88 582,313,543.43
23
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Net profit attributable to owners of the Company 685,752,354.91 514,201,515.06
Minority shareholders’ income 112,963,976.97 68,112,028.37
VI. After-tax net amount of other comprehensive incomes 1,200,139.88 266,497.35
After-tax net amount of other comprehensive incomes attributable to owners
1,200,139.88 266,497.35
of the Company
(I) Other comprehensive incomes that will not be reclassified into gains and
losses
1. Changes in net liabilities or assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other comprehensive incomes in investees that
cannot be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains and
1,200,139.88 266,497.35
losses
1. Enjoyable shares in other comprehensive incomes in investees that
will be reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale financial
assets
3. Gains and losses on reclassifying held-to-maturity investments into
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows
5. Foreign-currency financial statement translation difference 1,200,139.88 266,497.35
6. Other
After-tax net amount of other comprehensive incomes attributable to minority
shareholders
VII. Total comprehensive incomes 799,916,471.76 582,580,040.78
Attributable to owners of the Company 686,952,494.78 514,468,012.41
Attributable to minority shareholders 112,963,976.98 68,112,028.37
VIII. Earnings per share
(I) Basic earnings per share 1.08 0.81
(II) Diluted earnings per share 1.08 0.81
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
6. Income statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
24
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Total sales 7,156,452,912.99 5,687,914,331.68
Less: cost of sales 5,464,993,451.84 4,269,756,795.64
Business taxes and surcharges 38,003,931.52 36,659,116.46
Distribution expenses 971,149,732.18 805,413,041.27
Administrative expenses 313,002,396.68 225,606,342.21
Financial costs -54,431,862.98 -16,645,680.21
Impairment loss 2,590,943.92 3,540,560.15
Add: gain/(loss) from change in fair value (“-” means loss) -169,471.35 -7,686,250.00
Gain/(loss) from investment (“-” means loss) 59,711,217.63 50,796,884.88
Including: income form investment on associates and joint ventures
II. Business profit (“-” means loss) 480,686,066.11 406,694,791.04
Add: non-operating income 13,977,041.12 9,905,491.91
Including: Gains on disposal of non-current assets
Less: non-operating expense 5,101,838.54 5,790,568.60
Including: Losses on disposal of non-current assets
III. Total profit (“-” means loss) 489,561,268.69 410,809,714.35
Less: Income tax expense 61,153,089.84 61,410,065.24
IV. Net profit (“-” means loss) 428,408,178.85 349,399,649.11
V. After-tax net amount of other comprehensive incomes -9,996.00
(I) Other comprehensive incomes that will not be reclassified into gains and
losses
1. Changes in net liabilities or assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other comprehensive incomes in investees that cannot
be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains and losses -9,996.00
1. Enjoyable shares in other comprehensive incomes in investees that will be
reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale financial assets
3. Gains and losses on reclassifying held-to-maturity investments into
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows
5. Foreign-currency financial statement translation difference -9,996.00
6. Other
25
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
VI. Total comprehensive incomes 428,408,178.85 349,389,653.11
VII. Earnings per share
(I) Basic earnings per share 0.68 0.55
(II) Diluted earnings per share 0.68 0.55
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
7. Consolidated cash flow statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 8,539,671,109.04 5,854,769,921.86
Net increase of deposits from customers and dues from banks
Net increase of loans from the central bank
Net increase of funds borrowed from other financial institutions
Cash received from premium of original insurance contracts
Net cash received from reinsurance business
Net increase of deposits of policy holders and investment fund
Net increase of disposal of financial assets measured at fair value of which
changes are recorded into current gains and losses
Cash received from interest, handling charges and commissions
Net increase of intra-group borrowings
Net increase of funds in repurchase business
Tax refunds received 47,592,234.87 13,166,555.37
Other cash received relating to operating activities 88,908,550.74 59,179,851.13
Subtotal of cash inflows from operating activities 8,676,171,894.65 5,927,116,328.36
Cash paid for goods and services 3,685,447,682.88 2,946,834,967.13
Net increase of customer lendings and advances
Net increase of funds deposited in the central bank and amount due from banks
Cash for paying claims of the original insurance contracts
Cash for paying interest, handling charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 658,321,640.98 533,741,998.28
Various taxes paid 475,664,243.74 501,447,104.33
26
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Other cash payment relating to operating activities 1,283,515,207.24 932,073,325.18
Subtotal of cash outflows from operating activities 6,102,948,774.84 4,914,097,394.92
Net cash flows from operating activities 2,573,223,119.81 1,013,018,933.44
II. Cash flows from investing activities:
Cash received from withdrawal of investments 5,143,950,000.00 5,440,020,000.00
Cash received from return on investments 97,933,583.98 83,159,591.47
Net cash received from disposal of fixed assets, intangible assets and other
462,167.75 844,540.00
long-term assets
Net cash received from disposal of subsidiaries or other business units
Other cash received relating to investing activities
Subtotal of cash inflows from investing activities 5,242,345,751.73 5,524,024,131.47
Cash paid to acquire fixed assets, intangible assets and other long-term assets 63,575,280.09 55,907,723.73
Cash paid for investment 7,681,050,000.00 5,644,120,000.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries and other business units
Other cash payments relating to investing activities
Subtotal of cash outflows from investing activities 7,744,625,280.09 5,700,027,723.73
Net cash flows from investing activities -2,502,279,528.36 -176,003,592.26
III. Cash Flows from Financing Activities:
Cash received from capital contributions
Including: Cash received from minority shareholder investments by
subsidiaries
Cash received from borrowings 214,745,075.98 100,360,740.00
Cash received from issuance of bonds
Other cash received relating to financing activities
Subtotal of cash inflows from financing activities 214,745,075.98 100,360,740.00
Repayment of borrowings 114,978,442.79
Cash paid for interest expenses and distribution of dividends or profit 285,620,324.29 190,359,596.70
Including: dividends or profit paid by subsidiaries to minority shareholders
Other cash payments relating to financing activities
Sub-total of cash outflows from financing activities 400,598,767.08 190,359,596.70
Net cash flows from financing activities -185,853,691.10 -89,998,856.70
IV. Effect of foreign exchange rate changes on cash and cash equivalents
V. Net increase in cash and cash equivalents -114,910,099.65 747,016,484.48
Add: Opening balance of cash and cash equivalents 1,516,739,804.86 1,558,204,866.53
27
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
VI. Closing balance of cash and cash equivalents 1,401,829,705.21 2,305,221,351.01
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
8. Cash flow statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 4,942,262,530.17 3,902,801,185.93
Tax refunds received 4,291,106.27
Other cash received relating to operating activities 57,770,418.14 29,041,956.63
Subtotal of cash inflows from operating activities 5,004,324,054.58 3,931,843,142.56
Cash paid for goods and services 1,827,998,436.15 1,736,877,561.10
Cash paid to and for employees 435,882,808.80 337,293,632.27
Various taxes paid 285,171,204.10 372,812,427.18
Other cash payment relating to operating activities 896,760,873.18 673,354,836.47
Subtotal of cash outflows from operating activities 3,445,813,322.23 3,120,338,457.02
Net cash flows from operating activities 1,558,510,732.35 811,504,685.54
II. Cash flows from investing activities:
Cash received from withdrawal of investments 3,495,100,000.00 3,049,900,000.00
Cash received from return on investments 59,960,197.00 51,659,368.70
Net cash received from disposal of fixed assets, intangible assets and other
98,032.70 446,698.24
long-term assets
Net cash received from disposal of subsidiaries or other business units 38,977.14
Other cash received relating to investing activities
Subtotal of cash inflows from investing activities 3,555,158,229.70 3,102,045,044.08
Cash paid to acquire fixed assets, intangible assets and other long-term assets 29,652,085.40 30,786,364.18
Cash paid for investment 4,537,000,000.00 3,280,000,000.00
Net cash paid to acquire subsidiaries and other business units
Other cash payments relating to investing activities
Subtotal of cash outflows from investing activities 4,566,652,085.40 3,310,786,364.18
Net cash flows from investing activities -1,011,493,855.70 -208,741,320.10
III. Cash Flows from Financing Activities:
Cash received from capital contributions
28
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Cash received from borrowings 15,234,122.32
Cash received from issuance of bonds
Other cash received relating to financing activities
Subtotal of cash inflows from financing activities 15,234,122.32
Repayment of borrowings 15,234,122.32
Cash paid for interest expenses and distribution of dividends or profit 284,785,192.80 189,398,353.17
Other cash payments relating to financing activities
Sub-total of cash outflows from financing activities 300,019,315.12 189,398,353.17
Net cash flows from financing activities -284,785,192.80 -189,398,353.17
IV. Effect of foreign exchange rate changes on cash and cash equivalents
V. Net increase in cash and cash equivalents 262,231,683.85 413,365,012.27
Add: Opening balance of cash and cash equivalents 600,231,105.51 882,413,120.18
VI. Closing balance of cash and cash equivalents 862,462,789.36 1,295,778,132.45
Legal representative: Fang Hongbo Chief of the accounting work: Sun Yunan
Chief of the accounting organ: Zhong Fangliu
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
Wuxi Little Swan Company Limited
Legal representative: Fang Hongbo
27 Oct. 2015
29
首页
微信公众号
证券之星APP
