Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
SEMI-ANNUAL REPORT 2017
2017-073
August 2017
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section I Important Statements, Contents and Definitions
The board of directors (the “Board”), the supervisory board (the “Supervisory Board”) as
well as the directors, supervisors and senior management of Guangdong Jadiete Holdings
Group Company Limited (the “Company”) hereby guarantee the factuality, accuracy and
completeness of the contents of this Report, and shall be jointly and severally liable for any
false representation, misleading statements or material omissions in this Report.
Ding Lihong, head of the Company, Chen Jincai, accounting head for this Report, and Zeng
Zhihua, head of the accounting department (head of accounting), hereby guarantee that the
Financial Report carried in this Report is factual, accurate and complete.
All the directors attended the board meeting for the review of this Report.
1. Great uncertainty in future earnings: For the Reporting Period, the Company realized net
profit attributable to the Company (as the parent company) of RMB-7.9971 million with this
figure before exceptional gains and losses being RMB-3.2803 million (exceptional gains and
losses being RMB-4.7168 million in total). The Company’s existing business lines are not very
profitable. In face of fierce competition, it is already hard for the Company to maintain the
status quo in its gold and jewels business, and it is even harder to improve the business
performance. Joint ventures Shenzhen Shenguorong Financing Guarantee Co., Ltd. and
Shenzhen Future Growing Business Fund (Limited Partnership) have made limited
contributions to the Company’s earnings due to their recent incorporations. In addition, the
shares held by Shenzhen Rieys Industrial Co., Ltd. experienced a significantly decreased price
due to a significant asset reorganization failure, and the stock price is expectedly hard to
rebound in a short period of time due to other factors. Therefore, earnings for this year are
quite uncertain. 2. Uncertainty in new business: The Company has lately launched a new
business line of garments e-commerce (operated by Shanghai Yunpeng Network Technology
Co., Ltd.), which is positioned as an “incubator” project. Although preparations for the
opening of the e-commerce platform went well, the business structure has been established in
a swift manner and quite a few brand companies have signed contracts with the platform to
open online shops (operated by the companies themselves or by the platform for the
companies) on the platform, it is quite uncertain whether the platform will be able to improve
its operating results and generate profit within a short time of period because of capital and
time restrictions.
The Company plans not to distribute cash dividends or bonus shares or convert capital
reserve into share capital.
This Report has been prepared in both Chinese and English. Should there be any
discrepancies or misunderstandings between the two versions, the Chinese version shall
prevail.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Table of Contents
Semi-Annual Report 2017 ................................................................................................................. 1
Section I Important Statements, Contents and Definitions ............................................................ 2
Section II Corporate Profile and Key Operating Results .............................................................. 5
Section III Business Profile ............................................................................................................... 9
Section IV Performance Discussion and Analysis ......................................................................... 11
Section V Significant Events ........................................................................................................... 20
Section VI Share Changes and Shareholders’ Profile ................................................................... 29
Section VII Preference Shares......................................................................................................... 35
Section VIII Directors, Supervisors and Senior Management ..................................................... 36
Section IX Corporate Bonds ........................................................................................................... 37
Section X Financial Report ............................................................................................................. 38
Section XI Documents Available for Reference ........................................................................... 155
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Definitions
Term Definition
Company, the Company Guangdong Jadiete Holdings Group Company Limited
CSRC China Securities Regulatory Commission
SZSE, the stock exchange Shenzhen Stock Exchange
RMB, RMB’0,000 RMB yuan, RMB ten thousand yuan
Reporting Period January 1, 2017-June 30, 2017
Shenghengchang Huifu Shenzhen Shenghengchang Huifu Industrial Co., Ltd.
Risheng Chuangyuan Shenzhen Risheng Chuangyuan Asset Management Co., Ltd.
Chinese Gold Nobility Shenzhen Chinese Gold Nobility Jewelry Co., Ltd.
Yunpeng Technology Shanghai Yunpeng Network Technology Co., Ltd.
Tianrui Trading Tianrui (HK) Trading Co., Ltd.
Shenguorong Financing Guarantee Shenzhen Shenguorong Financing Guarantee Co., Ltd.
Lianhua Huiren Shenzhen Lianhua Huiren Industrial Co., Ltd.
Future Growing Business Fund Shenzhen Future Growing Business Fund (Limited Partnership)
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section II Corporate Profile and Key Operating Results
I Corporate Information
Stock name JHG-B Stock code 200168
Stock exchange Shenzhen Stock Exchange
Company name in Chinese 广东舜喆（集团）股份有限公司
Abbr. (if any) 舜喆
Company name in English (if
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
any)
Abbr. (if any) JHG
Legal representative Ding Lihong
II Contact Information
Board Secretary Securities Representative
Name Xu Wei
18/F, Nepstar Building, intersection of
Dongbin Road and Houhaibin Road,
Address
Nanshan District, Shenzhen, Guangdong
Province, P.R.China
Tel. 0755-82250045
Fax 0755-82251182
E-mail JHG@200168.com
III Other Information
1. Ways to Contact the Company
Indicate by tick mark whether any changes occur to the registered address, office address and their postal codes, website address and
email address of the Company during the Reporting Period.
√ Applicable □ Not applicable
Meixin Industrial Park, Junbu Town, Puning City, Guangdong Province,
Registered address
P.R.China
Zip code 515322
Office address 18/F, Nepstar Building, intersection of Dongbin Road and Houhaibin Road,
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Nanshan District, Shenzhen, Guangdong Province, P.R.China
Zip code 518000
Website http://www.200168.com
Email xw@200168.com
Disclosure date of related current announcement
05/17/2017
on designated website (if any)
Designated website for disclosed current
http://www.cninfo.com.cn
announcement (if any)
2. Information Disclosure Media and Place where this Report is Kept
Indicate by tick mark whether any changes occurred to the information disclosure media and the place where this Report was kept
during the Reporting Period.
√ Applicable □ Not applicable
Newspapers designated by the Company for
Ta Kung Pao (HK) and Securities Times
information disclosure
Website designated by CSRC for publication of this
http://www.cninfo.com.cn
Report
18/F, Nepstar Building, intersection of Dongbin Road and Houhaibin Road,
Place where this Report is kept
Nanshan District, Shenzhen, Guangdong Province, P.R.China
Disclosure date of related current announcement on
05/17/2017
designated website (if any)
Designated website for disclosed current
http://www.cninfo.com.cn
announcement (if any)
IV Key Consolidated Operating Results
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
Reporting Period Same period of last year +/- (%)
Operating revenue (RMB) 190,460,084.85 200,186,975.70 -4.86%
Net profit attributable to shareholders of
-7,997,104.78 -4,308,101.71 85.63%
the Company (RMB)
Net profit attributable to shareholders of
the Company before exceptional gains and -3,280,270.04 -4,157,073.90 -21.09%
losses (RMB)
Net cash from operating activities (RMB) 3,132,874.45 3,793,814.95 -17.42%
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Basic earnings per share (RMB/share) -0.025 -0.014 78.57%
Diluted earnings per share (RMB/share) -0.025 -0.014 78.57%
Weighted average return on equity (%) -2.21% -1.19% -1.02%
End of Reporting Period End of last year +/- (%)
Total assets (RMB) 554,149,584.14 520,194,679.60 6.53%
Net assets attributable to shareholders of
358,847,027.21 366,670,353.78 -2.13%
the Company (RMB)
V Differences in Accounting Data under Chinese and Foreign Accounting Standards
1. Differences in Net Profit and Net Assets Disclosed in Financial Reports Prepared under Chinese and
International Accounting Standards
□ Applicable √ Not applicable
No such differences for the Reporting Period.
2. Differences in Net Profit and Net Assets Disclosed in Financial Reports Prepared under Chinese and
Foreign Accounting Standards
□ Applicable √ Not applicable
No such differences for the Reporting Period.
VI Exceptional Gains/Losses
√ Applicable □ Not applicable
Unit: RMB
Item Reporting Period Note
(1) Loss of RMB-5,539,925.21
Gains/losses on fair value changes of financial assets and
on fair value changes of financial
liabilities held for trading & investment income from disposal of
assets held for trading; and (2)
financial assets and liabilities held for trading as well as financial -5,523,684.66
investment income of
assets available for sale, except for effective hedges related to
RMB16,240.55 from disposal of
normal business operations of the Company
financial assets held for trading
Impairment provision reversal for accounts receivable on which
411,560.62
impairment test is carried out separately
Non-operating income and expense other than above 14,650.39
Less: Income tax effects 72,063.56
Minority interests effects (after tax) -452,702.47
Total -4,716,834.74 --
Explanation of why the Company classified an item as an exceptional gain/loss according to the definition in the Explanatory
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gains and
Losses, or reclassified any exceptional gain/loss item given as an example in the said explanatory announcement as a recurrent
gain/loss:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section III Business Profile
I Main Business Scope for Reporting Period
Is the Company subject to any disclosure requirements for special industries?
No.
During the Reporting Period, the Company’s business scope covered gold and jewelry marketing,
garments e-commerce, trade of precious metal nickel and house rental service, of which gold and
jewelry was the main business line, operated by controlled subsidiary Shenzhen Chinese Gold
Nobility Jewelry Co., Ltd. (Chinese Gold Nobility) and contributing 88.16% of the Company’s
consolidated operating revenue. Chinese Gold Nobility is a professional enterprise mainly engaged
in gold and jewelry brand operation, with its business scope of development, design, promotion and
sales of gold, silver, diamond inlay, jade, color gemstone etc. Base on the brand of "Chinese Gold
Nobility Jewelry" , we have established an " Internet Plus" model by establishment of channels in
Tmall flagship stores, mobile stores and Wechat Business platform, adoption of different strategies,
and launch of series of featured goods with new technique, to achieve "online + offline"
multi-channel marketing.
Since the second half of 2015, the gold and jewelry industry in China has entered into the “winter”,
when the sales of gold ornaments and gold consumption have decreased dramatically due to the
slumping domestic economy. Gold keeps at a comparatively low and flat price, which causes a big
decrease in enterprises’ gross profit rate, further influencing the sales of products like golden
ornaments. One of the business models of the domestic wholesale and retail industry of gold
products used between 2011 and 2013 is to promote the expanding of distribution channels and the
increase of sales through developing the quantity and scale of franchised outlets in different
locations. However after developing for a period of time, since 2014, there are no other barriers to
entry this field, except capital. Gold products in the market show a serious high level of
homogenization, meanwhile quantity of franchised outlets in different locations and their increase
in inventory have far surpassed the increase of demand for gold products in various places, which
means relatively supply has exceeded demand now. Conventional business structure and product
combination models are facing a great challenge and consumers are proposing a higher demand for
the brand, quality, personality, design and service. Gold and jewelry industry is going through a
period of transformation and of opportunities as well.
II Significant Changes in Main Assets
1. Significant Changes in Main Assets
Main assets Reason for significant change in Reporting Period
Equity assets Investment in Future Growing Business Fund with the Company’s own funds
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Monetary funds Investment in Future Growing Business Fund with the Company’s own funds
Financial assets held for trading Decreased stock price of shareholdings in third party
Accounts receivable Collection of customers’ payments by subsidiary Chinese Gold Nobility
Prepayments Contract in execution
Inventories Increased inventories of subsidiary Chinese Gold Nobility
2. Main Assets Overseas
□ Applicable √ Not applicable
III Core Competitiveness Analysis
Is the Company subject to any disclosure requirements for special industries?
No.
No significant changes occurred to the Company’s core competitiveness in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section IV Performance Discussion and Analysis
I Summary
For the Reporting Period, the Company achieved, on a consolidated basis, operating revenue of
RMB190.4601 million, roughly equaling RMB200.1870 million of the same period of last year.
The debt-to-assets ratio was 27.86%, which increased 11.18% over 16.68% of the same period of
last year. The liquidity ratio was 1.46, which decreased 3.2 over 4.66 of the same period of last year.
The quick ratio was 0.72, which decreased 3.18 over 3.90 of the same period of last year. The
turnover rate of the current assets was 0.71%, which increased 0.17% over 0.54% of the same
period of last year. The turnover rate of the non-current assets was 0.71%, which decreased 1.18%
over 1.89% of the same period of last year. And the turnover rate of the total assets was 0.35%,
which decreased 0.07% over 0.42% of the same period of last year. The liquidity decreased because
the Company used its own funds to invest in Shenzhen Future Growing Business Fund (Limited
Partnership). The consolidated operating profit stood at RMB-2.8933 million, down 807.41% from
RMB0.409 million of the same period of last year. The net profit attributable to the Company (as
the parent company) was RMB-7.9971 million, representing an 85.63% increase in loss from
RMB-4.3081 million of the same period of last year. These losses were caused by a significant loss
on investments in securities (financial assets held for trading) in the Reporting Period. The net profit
margin was -4.20%, which increased 2.05% in loss over -2.15% of the same period of last year; and
the profit margin of the total assets was 1.49%, which increased 0.14% in loss over -0.91% of the
same period of last year. The above changes were resulted by an expanding loss in the Reporting
Period.
During the period from the beginning of this year to the disclosure day of this Report, the Company
has mainly accomplished the following work:
1. Business
(1) Shenzhen Chinese Gold Nobility Jewelry Co., Ltd. (Chinese Gold Nobility), a subsidiary
controlled by the Company, achieved sales revenue of RMB167,920,000 in the Reporting Period,
accounting for 88.16% of the consolidated revenue of the Company; and achieved a net profit of
RMB6,910,000, accounting for -132.88% of the consolidated net profit of the Company. The major
products (business) of Chinese Gold Nobility include: gold ornament commodities, commodities
mounted with diamonds, jadeite commodities, and 18k ornaments and other accessories products
and etc. Jadeite products and gold products and diamond-mounted products are sold in combination
with each other, which shows a certain level of randomness. After the effect of an exceptional jade
order worth RMB69,512,300 is excluded, the gold and jewelry business operated by Chinese Gold
Nobility declined 50.84% on a year-on-year basis.
(2) Shenzhen Rieys Industrial Co., Ltd., a subsidiary controlled by the Company, achieved sales
revenue of RMB21,000,000, taking up 11% of the consolidated revenue of the Company; and
achieved a net profit of RMB-5,930,000, taking up 114.02% of the consolidated net profit of the
Company. Rieys Industrial has gone through a relatively huge loss, which is mainly caused by the
sharp drop of the price of the third-party securities held by it.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(3) Shanghai Yunpeng Network Technology Co., Ltd, a subsidiary controlled by the Company, has
engaged itself into various preparation works before opening during the reporting period, including
but not limited to: business negotiation, personnel development, signing authorizing agreements,
agency agreements, agency agreements for operations, applying to the platform for setting up online
stores and business layout and so on. Business models of Yunpeng Technology include
self-management, agency and agency operation. With the existing models, it has newly established
and operated as an agency altogether 21 online stores.
2. Investments Made
The Company held the first extraordinary general meeting of shareholders of Y2017 on Feb. 6,
2017, and agreed that the Company would become a limited partner of Shenzhen Future Growing
Business Fund (Limited Partnership) (“Future Growing Business Fund”) with its own funds of
RMB120 million. Shenzhen SGR (Qianhai) Financial Management Co., Ltd. is a common partner
subscribing for RMB30 million, and Shenzhen SGR Finance Management Co., Ltd. is a limited
partner subscribing for RMB400 million. As of the date of this Report, the Company completed the
subscription. To become a limited partner of Future Growing Business Fund, we hope to explore
and develop enterprises with growth and innovation by the help of its team with rich experience in
PE, so as to provide new profit growth for the Company in the business of our development
strategies.
3. Termination of Significant Event and of Planning for Major Asset Restructuring
On Mar. 22, 2017, the Company disclosed the Suspension Notice on Termination of Major Projects
and Planning of Major Asset Restructuring (No.: 2017-018). The Company has decided to
terminate the planning of major projects because the related policies involved are not yet clear;
besides, the Company and related parties need to further fulfill related items.
On Aug. 21, 2017, the Company disclosed the “Suspension Notice on Termination of Major Asset
Restructuring” (No.: 2017-066). Due to that the market circumstances and many other factors have
changed a lot compared to that at the beginning of planning and preparation, continuing this major
asset restructuring will face many uncertain factors. After the Company’s full investigation and
sufficient communication with relevant parties, the Company thinks conditions are not mature for it
to continue its asset restructuring. In order to truly protect the interests of all shareholders and all
business parties, and after serious consideration and friendly negotiation by and among various
parties, it is decided to terminate this major asset restructuring.
Such terminations have no substantial influence on the Company’s operation.
II Analysis of Main Business
See “I Summary” above.
Year-on-year changes of key consolidated financial data:
Unit: RMB
Reporting Period Same period of last year +/-% Main reason for change
Operating revenue 190,460,084.85 200,186,975.70 -4.86%
Operating costs 178,534,654.04 190,594,842.57 -6.33%
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Selling expense 1,434,407.39 1,189,892.46 20.55%
Administrative expense 7,324,503.57 6,961,491.74 5.21%
Finance costs 310,534.11 739,933.86 -58.03% Increased exchange gains
Income taxes 2,307,032.61 1,848,553.62 24.80%
Net cash from operating
3,132,874.45 3,793,814.95 -17.42%
activities
Net cash from investing Investment in Future
-120,001,252.72 -1,390,198.86 8,531.95%
activities Growing Business Fund
Investment in Future
Net increase in cash and Growing Business Fund
-116,868,768.94 2,403,682.09 -4,962.07%
cash equivalents and increase in cash paid
for goods
Major changes to the profit structure or sources of the Company in the Reporting Period:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Breakdown of main business:
Unit: RMB
Operating Gross profit
Operating Gross profit Operating cost:
Operating cost revenue: YoY margin: YoY
revenue margin YoY +/-%
+/-% +/-%
By business segment
Garments 894,330.66 624,291.90 30.19%
Gold and jewelry 167,918,918.82 156,985,824.32 6.51% -16.12% -17.63% 1.72%
Nickel 21,009,771.23 20,758,181.55 1.20%
By product
Garments 894,330.66 624,291.90 30.19%
Gold and jewelry 167,918,918.82 156,985,824.32 6.51% -16.12% -17.63% 1.72%
Nickel 21,009,771.23 20,758,181.55 1.20%
By geographic segment
Sale of garments 894,330.66 624,291.90 30.19%
Sale of gold and
jewelry in 167,918,918.82 156,985,824.32 6.51% -16.12% -17.63% 1.72%
Shenzhen
Domestic sale of
21,009,771.23 20,758,181.55 1.20%
nickel
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
III Non-Core Business Analysis
√ Applicable □ Not applicable
Unit: RMB
As a percentage of
Amount Source/reason Recurring (yes/no)
total profit (%)
Stock price of the
Gains/losses on fair Company’s shareholdings in
-5,539,925.21 191.32% No
value changes third party fell in Reporting
Period
IV Analysis of Assets and Liabilities
1. Significant Changes in Asset Composition
Unit: RMB
End of same period of last
End of Reporting Period
year
Change in
As a As a
percentag Main reason for significant change
percentage of percentage of
Amount Amount e (%)
total assets total assets
(%) (%)
Investment in Future Growing
Monetary funds 7,018,207.88 1.27% 303,874,987.30 63.91% -62.64% Business Fund with the Company’s
own funds
Accounts
18,387,843.59 3.32% 3,843,748.39 0.81% 2.51%
receivable
114,555,062.4
Inventories 20.67% 60,435,676.32 12.71% 7.96%
1
Investment in Future Growing
Long-term equity 270,015,275.9 Business Fund with the Company’s
48.73% 0.00 0.00% 48.73%
investments 3 own funds and Shenguorong Financing
Guarantee
Fixed assets 42,702,470.53 7.71% 74,392,180.93 15.65% -7.94%
2. Assets and Liabilities Measured at Fair Value
□ Applicable √ Not applicable
3. Restricted Asset Rights as of End of Reporting Period
Not applicable
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
V Investments Made
1. Total Investments Made
√ Applicable □ Not applicable
Investments made in the Reporting Period Investments made in same period of last
+/-%
(RMB) year (RMB)
121,376,785.52 0.00 -
2. Significant Equity Investments Made in the Reporting Period
√ Applicable □ Not applicable
Unit: RMB
progre
ss up Investm
to the ent
date of gains Whether Disclos
Major Invest Invest Shareh Funds Invest Estima Disclosu
Partner Product the and involved ure
Name busines ment ment olding resourc ment ted re date
s s type assets losses of with the index
s method amount ratio es period profits (if any)
liabiliti the lawsuits (if any)
es Reportin
statem g period
ent
Shenzh Announ
en cement
Shengu about
orong Particip
Financi ating to
Shenzh
al set up
en
Manag Buyout
Future
ement Funds
Growin
Co., (2017-0
g Capital 120,00
Investm Own Ltd and Sustain Compl 01/18/2 05)
Busines increm 0,000.0 21.82% Equity 0.00 0.00 No
ent funds Shenzh able eted 017 publishe
s Fund ent 0
en d on
(Limite
Shengu Securiti
d
orong es
Partners
Qianha Times ,
hip)
i Hong
Financi Kong
al Ta
Manag Kung
ement Pao and
15
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Co., http://w
Ltd ww.cnin
fo.co
120,00
Total -- -- 0,000.0 -- -- -- -- -- -- 0.00 0.00 -- -- --
0
3. Significant Non-Equity Investments Ongoing in the Reporting Period
□ Applicable √ Not applicable
4. Financial Investments
(1) Securities Investments
√ Applicable □ Not applicable
Profit/lo
ss on Cumulat Source
Variety Account fair ive fair Purchas Sold in Profit/lo
Code of Name of Initial of
of ing Opening value value ed in the the ss in the Closing Account
securitie securitie investm measure book changes changes Reporti Reporti Reporti book investm
securitie ment value in the charged ng ng ng value ing title
s s ent cost model ent
s Reporti to Period Period Period
ng equity funds
Period
Transact
Domesti Fair
17,902, 14,179, -5,539,9 -5,539,9 1,369,9 9,977,1 ional Own
c/overse 603398 BBYZ value
482.56 831.52 25.21 25.21 75.52 89.76 financia funds
as stock method
l assets
Transact
Domesti Fair
4,000.0 4,000.0 9,380.8 5,380.8 ional Own
c/overse 601375 ZYZQ value
0 0 0 0 financia funds
as stock method
l assets
Transact
Domesti Fair
1,348,4 1,315,8 1,348,4 32,692. ional Own
c/overse 600804 PBS value
92.07 00.00 92.07 07 financia funds
as stock method
l assets
Transact
Domesti Fair
6,810.0 12,172. 5,362.8 ional Own
c/overse 601881 YHZQ value
0 88 8 financia funds
as stock method
l assets
19,254, 15,499, -5,539,9 -5,539,9 1,376,7 1,370,0 43,435. 9,977,1
Total -- -- --
974.63 631.52 25.21 25.21 85.52 45.75 75 89.76
Disclosure date of the
announcement about the
16
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
board’s consent for the
securities investment
Disclosure date of the
announcement about the
general meeting’s consent
for the securities
investment (if any)
(2) Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VI Sale of Major Assets and Equity Interests
1. Sale of Major Assets
□ Applicable √ Not applicable
No such cases in the Reporting Period.
2. Sale of Major Equity Interests
□ Applicable √ Not applicable
VII Main Controlled and Joint Stock Companies
√ Applicable □ Not applicable
Main subsidiaries and joint stock companies with an over 10% influence on the Company’s net profit
Unit: RMB
Relationship Main
Company business Industry Registered Operating Operating
with the Total assets Net assets Net profit
name scope capital revenues profit
Company
Shenzhen Investment Investment
Rieys and import and import 52,813,476. 32,652,588. 21,009,771. -5,932,34
Subsidiary 50,000,000 -5,932,349.46
Industrial & export & export 83 45 23 9.46
Co., Ltd. trade trade
Shenzhen
Chinese Gold Gold 130,819,32 76,809,230. 167,918,91 9,222,978
Subsidiary 33,333,300 6,913,542.14
jewelry jewelry 7.09 37 8.82 .58
Gold
Nobility
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Jewelry
Co., Ltd.
Subsidiaries obtained or disposed in the Reporting Period:
□ Applicable √ Not applicable
Particulars of main controlled and joint stock companies
Rieys Industrial main business income was 21.0098 million, and the main business profit was -5.9323million. The business income
increased by 100% from the year earlier, which resulted from the new trade business in the second half year of 2016;
The main business income of Shenzhen Chinese Gold Nobility was 167.9189 million, and its mian business profit was9.223 0
million;
VIII Structured Bodies Controlled by the Company
□ Applicable √ Not applicable
IX Performance Forecast for January-September 2017
Warning of possible loss or considerable YoY change in the accumulative net profit made during the period-beginning to the end of
the next reporting period, as well as the reasons:
□ Applicable √ Not applicable
X Risks Facing the Company and Countermeasures
During the reporting period, the company has achieved a net profit of RMB-7,997,100 that belongs
to the parent company. After non-recurring profit and loss is deducted, net profit belonging to the
parent company is RMB-3,280,300 (non-recurring profit and loss in total: RMB -4,716,800). The
company’s current business shows a relatively weak earning power. The main reason for this is that
the original gold and jewelry business is facing a fierce competition, under which it is not easy to
maintain the status quo and it is very difficult to expand and increase performances. Shanghai
Yunpeng Technology Co., Ltd. starts relatively late in the e-commerce of clothing, and the
company has positioned Yunpeng Technology as an “incubating and cultivating” project. Even
though various preparation work for opening is carried out smoothly, many online stores are opened
up, due to capital and time limit, there is a huge uncertainty for Yunpeng Technology to increase
rapidly its performance and yield profit in a short period of time. Shenzhen SGR Financing
Guarantee Co., Ltd. and Shenzhen Future Growing Business Fund (Limited Partnership), both
shared by the company haven’t been established for a long period of time, so that they only give a
limited profit contribution to the company. The securities hold by Shenzhen Rieys Industrial Co.,
Ltd. have gone through a sharp drop due to the failure of major asset restructuring, together with the
influence from other factors, it is very hard for their price to pick up in a short period of time. To
sum up, there is great uncertainty for the company to achieve profitability in the current year.
In the future work, the Company will concentrate the resources to support the development of
18
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Yunpeng Technology, and adjust the business which is mainly gold jewelry, and supplemented by
clothing e-commerce at present to the business mode that both gold jewelry and clothing
e-commerce are main business to improve the operating performance of the Company. At the same
time, the Company will look for projects suitable for our actual situations in a flexible way to add
new profit growth point for the Company and solve the problems of sustainable development better.
19
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section V Significant Events
I Annual and Special Meetings of Shareholders Convened during the Reporting Period
1. Meetings of Shareholders Convened during the Reporting Period
Investor Index to disclosed
Meeting Type Convened date Disclosure date
participation ratio information
Resolution on the
First Special
Meeting of
Shareholders in 2017
The First Special
Special Meeting of (2017-010)
Meeting of 51.51% 02/06/2017 02/07/2017
Shareholders published on
Shareholders
Securities Times ,
Hong Kong Ta Kung
Pao and
http://www.cninfo.co
Resolution on the
2016 Annual
Meeting of
Shareholders
2016 Annual
Annual Meeting of (2017-052)
Meeting of 51.72% 06/30/2017 07/03/2017
Shareholders published on
Shareholders
Securities Times ,
Hong Kong Ta Kung
Pao and
http://www.cninfo.co
2. Special Meetings of Shareholders Convened at Request of Preference Shareholders with Resumed Voting
Rights
□ Applicable √ Not applicable
II Proposal for Profit Distribution and Converting Capital Reserve into Share Capital for the
Reporting Period
□ Applicable √ Not applicable
For the Reporting Period, the Company plans not to distribute cash dividends or bonus shares or convert capital reserve into share
capital.
20
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
III Commitments of the Company’s Actual Controller, Shareholders, Related Parties and
Acquirer, as well as the Company and Other Commitment Makers, Fulfilled in the Reporting
Period or still Ongoing at Period-End
√ Applicable □ Not applicable
Date of
Commitment Type of Term of
Commitment Contents commitment Fulfillment
maker commitment commitment
making
Commitments made in share reform
Commitments made in acquisition
documents or shareholding alteration
documents
Excepting the
company
stock, it can
The
not in any
Company's
area, in any
largest
form, engaged
shareholder
in production
Shenzhen
produce or
Shenghengcha
business
ng Huifu
operation may
Industrial Co.,
form
Ltd., the 05/21/2015 Perpetual In execution
competition to
second largest
the company
shareholder
stock and its
Shenzhen
Commitments made in time of asset subsidiaries
Risheng
restructuring which
Chuangyuan
stipulated by
Asset
the law,
Management
regulations
Co., Ltd.
and
stipulations
from CSRC.
The Will avoid and
Company's reduce the
largest related
shareholder transaction
Shenzhen between it 05/21/2015 Perpetual In execution
Shenghengcha together with
ng Huifu its related
Industrial Co., enterprise and
Ltd., the the company
21
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
second largest stock to the
shareholder greatest
Shenzhen extent. If the
Risheng related
Chuangyuan transaction
Asset with the
Management company
Co., Ltd. stock is
inevitable, the
transaction
must be
conducted in
line with the
principle of
fair, just and
sound and
making
compensation
for equal
value, the
transaction
price must be
recognized in
line with the
reasonable
price of the
market and
related
transaction
decision
making
procedure
avoiding
voting of
related
transaction by
the
shareholders'
general
meeting which
stipulated by
Article of
Association of
Guangdong
22
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Rieys Group
Company Ltd.
Commitments made in time of IPO or
refinancing
Commitments concerning stock
ownership incentive
Some
Directors,
Supervisors,
and Senior
Executives
would
increase Within 6
Some
stocks of the
Directors, months after
Other commitments made to minority company
Supervisors, 07/09/2015 In execution
shareholders when the price stock
and Senior
of the stock
Executives resumption
was lower
than 4
HKD/share
within 6
months after
the stock
resumption.
Executed in time Yes
IV Engagement and Disengagement of CPAs Firm
Has the semi-annual financial report been audited?
□Yes √ No
This Semi-Annual Report is unaudited.
V Explanations Given by Board of Directors and Supervisory Board Regarding “Modified
Auditor’s Report” Issued by CPAs Firm for the Reporting Period
□ Applicable √ Not applicable
VI Explanations Given by Board of Directors Regarding “Modified Auditor’s Report” Issued
for Last Year
□ Applicable √ Not applicable
23
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
VII Bankruptcy and Restructuring
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VIII Legal Matters
Significant lawsuits or arbitrations:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Punishments and Rectifications
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Credit Conditions of the Company as well as its Controlling Shareholder and Actual
Controller
□ Applicable √ Not applicable
XI Equity Incentive Plans, Employee Stock Ownership Plans or Other Incentive Measures for
Employees
□ Applicable √ Not applicable
No such cases in the Reporting Period.
XII Significant Related Transactions
1. Related Transactions Relevant to Routine Operations
□ Applicable √ Not applicable
No such cases in the Reporting Period.
2. Related Transactions Regarding Purchase or Sales of Assets or Equity Interests
□ Applicable √ Not applicable
No such cases in the Reporting Period.
3. Related Transactions Regarding Joint Investments in Third Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
24
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
4. Credits and Liabilities with Related Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
5. Other Significant Related Transactions
□ Applicable √ Not applicable
No such cases in the Reporting Period.
XIII. Particulars about the Non-operating Occupation of Funds by the Controlling
Shareholder and Other Related Parties of the Company
□ Applicable √ Not applicable
The Company was not involved in the non-operating occupation of funds by the controlling shareholder and other related parties
during the Reporting Period.
XIV. Significant Contracts and Execution
1. Entrustment, Contracting and Leasing
(1) Entrustment
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(2) Contracting
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(3) Leasing
□ Applicable √ Not applicable
No such cases in the Reporting Period.
2. Significant Guarantees
√ Applicable □ Not applicable
(1) Guarantees
Unit: RMB'0,000
25
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Guarantees provided by the Company for external parties (excluding those for subsidiaries)
Disclosure Guarante
Actual
date of Actual e for a
Amount for occurrence date Type of Period of Executed
Guaranteed party relevant guarantee related
guarantee (date of guarantee guarantee or not
announcem amount party or
agreement)
ent not
Five years
from the
independent
Puning Yanlilai
04/17/2014 2,400 02/01/2014 2,400 pledge contract (loan No No
Trade Co., Ltd.
contract)
coming into
effect
Five years
from the
Puning independent
Huafengqiang 11/14/2014 1,800 01/01/2014 1,800 pledge contract (loan No No
Trade Co., Ltd. contract)
coming into
effect
Total external guarantee line Total actual occurred amount
approved during the Reporting of external guarantee during 4,200
Period (A1) the Reporting Period (A2)
Total external guarantee line
Total actual external guarantee
that has been approved at the
balance at the end of the 1,800
end of the Reporting Period
Reporting Period (A4)
(A3)
Guarantees provided by the Company for its subsidiaries
Disclosure Actual Actual Guarante
Amount for Type of Period of Executed
Guaranteed party date of occurrence date guarantee e for a
guarantee guarantee guarantee or not
relevant (date of amount related
26
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
announcem agreement) party or
ent not
Guarantees provided by the subsidiaries of the Company for subsidiaries
Disclosure Guarante
Actual
date of Actual e for a
Amount for occurrence date Type of Period of Executed
Guaranteed party relevant guarantee related
guarantee (date of guarantee guarantee or not
announcem amount party or
agreement)
ent not
Total guarantee amount provided by the Company (total of the above-mentioned three kinds of guarantees)
Total actual occurred amount
Total guarantee line approved
of guarantee during the
during the Reporting Period 4,200
Reporting Period
(A1+B1+C1)
(A2+B2+C2)
Total guarantee line that has Total actual guarantee balance
been approved at the end of the at the end of the Reporting 1,800
Reporting Period (A3+B3+C3) Period (A4+B4+C4)
Proportion of total guarantee amount (A4+B4+C4) to the net
5.02%
assets of the Company
Of which:
Explanation on possible bearing joint responsibility of
Not applicable
liquidation due to immature guarantee (if any)
Explanation on provision of guarantees for external parties in
Not applicable
violation of the prescribed procedure (if any)
Explanation on guarantee that adopts complex method
(2) Illegal Provision of Guarantees for External Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
3. Other Significant Contracts
□ Applicable √ Not applicable
No such cases in the Reporting Period.
27
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
XV. Social Responsibilities
1. Targeted Measures Taken to Help People Lift Themselves Out of Poverty
The Company did not take such measures in the first half of this year, and has no such plans for the moment.
2. Significant Environmental Protection
Indicate by tick mark whether the Company or any of its subsidiaries is a heavily polluting business identified by the environmental
protection authorities of China
Not applicable
XVI. Other Significant Events
√ Applicable □ Not applicable
On March 22, 2017, the company planed with the counterparty to restructure its major assets, and
the company’s securities have been in suspension since March 22, 2017. The 13th meeting of
7th board of directors held on August 21, 2017, reviewed and passed the proposal on terminating the
planning and preparation of major assets restructuring. For details, please see Suspension Notice on
Termination of Major Asset Restructuring (No.: 2017-066) published by the company on Securities
Times and Ta Kung Pao and on www.cninfo.com.cn.
XVII. Significant Events of Subsidiaries
□ Applicable √ Not applicable
28
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section VI Share Changes and Shareholders’ Profile
I. Share Changes
1. Share Changes
Unit: share
Before Increase/decrease (+/-) After
Increase
Percentag New Bonus from Percentag
Number Other Subtotal Number
e (%) issues shares capital e (%)
reserve
164,025,0 164,025,0
I. Unlisted tradable shares 51.48% 0 0 0 0 0 51.48%
00 00
164,025,0 164,025,0
1. Founders’ shares 51.48% 0 0 0 0 0 51.48%
00 00
Among which: Shares held
0 0.00% 0 0 0 0 0 0 0.00%
by the state
Shares held by 164,025,0 164,025,0
51.48% 0 0 0 0 0 51.48%
domestic corporations 00 00
Shares held by
0 0.00% 0 0 0 0 0 0 0.00%
overseas corporations
Other 0 0.00% 0 0 0 0 0 0 0.00%
2. Raised shares by legal
0 0.00% 0 0 0 0 0 0 0.00%
person
3. Internal employee
0 0.00% 0 0 0 0 0 0 0.00%
shares
4. Preferred shares or
0 0.00% 0 0 0 0 0 0 0.00%
other
154,575,0 154,575,0
II. Listed tradable shares 48.52% 0 0 0 0 0 48.52%
00 00
1. Renminbi ordinary
0 0.00% 0 0 0 0 0 0 0.00%
shares
2. Domestically listed 154,575,0 154,575,0
48.52% 0 0 0 0 0 48.52%
foreign shares 00 00
3. Overseas listed foreign
0 0.00% 0 0 0 0 0 0 0.00%
shares
4. Others 0 0.00% 0 0 0 0 0 0 0.00%
29
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
318,600,0 318,600,0
III. Total shares 100.00% 0 0 0 0 0 100.00%
00 00
Reasons for the share changes
□ Applicable √ Not applicable
Approval of share changes
□ Applicable √ Not applicable
Transfer of share ownership
□ Applicable √ Not applicable
Effects of share changes on the basic EPS, diluted EPS, net assets per share attributable to common shareholders of the Company and
other financial indexes over the prior year and the prior period
□ Applicable √ Not applicable
Other contents that the Company considers necessary or is required by the securities regulatory authorities to disclose
□ Applicable √ Not applicable
2. Changes in Restricted Shares
□ Applicable √ Not applicable
II. Issuance and Listing of Securities
□ Applicable √ Not applicable
III. Total Number of Shareholders and Their Shareholdings
Unit: share
Total number of preference
Total number of ordinary shareholders who had resumed
shareholders at the end of the 11,543 their voting right at the end of 0
Reporting Period the Reporting Period (if any)
(see note 8)
Shareholdings of ordinary shareholders with a stake over 5% or top 10 ordinary shareholders
Number Increase Number Number Pledged or frozen shares
of /decreas of of listed
Name of Nature of Shareholding ordinary e of unlisted tradable
shareholder shareholder percentage (%) shares shares tradable ordinary Status Number
held at during ordinary shares
the end the shares held
30
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
of the Reportin held
Reportin g Period
g Period
Shenzhen
Shenghengchan Domestic
117,855, 117,855,
g Huifu non-state-owned 36.99% Pledged 117,855,000
000 000
Industrial Co., corporation
Ltd.
Shenzhen
Risheng
Domestic
Chuangyuan 34,020,0 34,020,0
non-state-owned 10.68% Pledged 34,020,000
Asset 00 00
corporation
Management
Co., Ltd.
Guotai Junan
Securities Foreign 27,063,1
8.49%
(Hong Kong) corporation 03
Limited
Shenzhen
Domestic
Lianhua Huiren 12,150,0 12,150,0
non-state-owned 3.81% Pledged 12,150,000
Industrial Co., 00 00
corporation
Ltd.
Domestic 7,234,46
Su Youhe 2.27%
individual 9
Shenwan
Hongyuan Foreign 6,840,04
2.15%
Securities (HK) corporation 6
Limited
China Foreign 4,665,86
1.46%
corporation 0
Everbright
31
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Securities (HK)
Limited
Domestic 1,451,30
Fan Jiongyang 0.46%
individual 0
Wei Guobin
Domestic 1,145,81
(Ngai Kwok 0.36%
individual 6
Pan)
Domestic
Chen Jinming 0.24% 765,500
individual
Strategic investors or the general
legal person due to the placement of
new shares become the top 10 Not applicable
ordinary shareholders (if any) (note
3)
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset
Explanation on associated
Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd., which belonged to
relationship among the
action-in-concert promulgated by Measures for the Administration of Disclosure of
above-mentioned shareholders or
Information on the Change of Shareholdings in Listed Companies. The Company did not
explanation on acting-in-concert
know whether there existed related relationship among other shareholders.
Particulars about shares held by top 10 tradable ordinary shareholders
Number of listed tradable ordinary shares held n at the Type of share
Name of shareholder
end of the period Type of share Amount
Domestically
Guotai Junan Securities (Hong
27,063,103 listed foreign 27,063,103
Kong) Limited
shares
Domestically
Su Youhe 7,234,469 listed foreign 7,234,469
shares
Shenwan Hongyuan Securities (HK) 6,840,046 Domestically 6,840,046
32
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Limited listed foreign
shares
Domestically
China Everbright Securities (HK)
4,665,860 listed foreign 4,665,860
Limited
shares
Domestically
Fan Jiongyang 1,451,300 listed foreign 1,451,300
shares
Domestically
Wei Guobin (Ngai Kwok Pan) 1,145,816 listed foreign 1,145,816
shares
Domestically
Chen Jinming 765,500 listed foreign 765,500
shares
Domestically
Chen Jianxing 732,344 listed foreign 732,344
shares
Domestically
Han Liang 711,458 listed foreign 711,458
shares
Domestically
Chen Zhenqi 701,800 listed foreign 701,800
shares
Explanation on associated
relationship or/and persons acting in
concert among the top ten
non-restricted common shareholders Unknown
and between the top ten
non-restricted common
shareholders and the top ten
33
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
common shareholders
Explanation on the top 10
shareholders participating in the
Not applicable
margin trading business (if any) (see
note 4)
Indicate by tick mark whether any of the top ten common shareholders or the top ten non-restricted common shareholders of the
Company conducted any promissory repo during the Reporting Period.
□ Yea √ No
No such cases in the Reporting Period.
IV. Change of the Controlling Shareholder or the Actual Controller
Change of the controlling shareholder in the Reporting Period
□ Applicable √ Not applicable
There was no any change of the controlling shareholder of the Company in the Reporting Period.
Change of the actual controller in the Reporting Period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the Reporting Period.
34
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section VII Preference Shares
□ Applicable √ Not applicable
No preference shares in the Reporting Period.
35
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section VIII Directors, Supervisors and Senior Management
I Changes in Shareholdings of Directors, Supervisors and Senior Management
□ Applicable √ Not applicable
There were no changes in shareholdings of directors, supervisors, and executive officers in the Reporting Period. For details, please
refer to the 2016 Annual Report.
II Changes in Directors, Supervisors and Senior Management
□ Applicable √ Not applicable
There were no changes in directors, supervisors, and executive officers in the Reporting Period. For details, please refer to the 2016
Annual Report.
36
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section IX Corporate Bonds
Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before the approval date of this
Report or were due but could not be redeemed in full?
No
37
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section X Financial Report
I. Auditor’s Report
Whether the semi-annual report has been audited?
□Yes √ No
The semi-annual report of the Company has not been audited.
II. Financial Statements
The unit of the financial statements attached: RMB
1. Consolidated Balance Sheet
Prepared by Guangdong Rieys Group Company Ltd.
June 30, 2017
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 7,018,207.88 123,886,976.82
Settlement reserve
Interbank lendings
Financial assets at fair value through
9,977,189.76 15,499,631.52
profit/loss
Derivative financial assets
Notes receivable
Accounts receivable 18,387,843.59 43,557,743.28
Accounts paid in advance 8,504,750.72 207,424.73
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserve
Interest receivable
Dividends receivable
Other accounts receivable 51,081,880.32 41,739,384.75
Financial assets purchased under
agreements to resell
38
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Inventories 114,555,062.41 74,939,082.16
Assets held for sale
Non-current assets due within one
year
Other current assets 15,714,694.76 9,985,213.09
Total current assets 225,239,629.44 309,815,456.35
Non-current assets:
Loans and advances to customers
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 270,015,275.93 149,998,221.71
Investment property
Fixed assets 42,702,470.53 44,012,361.38
Construction in progress
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 9,216,788.84 9,355,420.76
R&D expenses
Goodwill 2,395,820.87 2,395,820.87
Long-term deferred expense
Deferred income tax assets 4,579,598.53 4,617,398.53
Other non-current assets
Total non-current assets 328,909,954.70 210,379,223.25
Total assets 554,149,584.14 520,194,679.60
Current liabilities:
Short-term borrowings
Borrowings from the Central Bank
Money deposits accepted and
inter-bank deposits
Interbank borrowings
Financial liabilities at fair value
through profit/loss
39
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Derivative financial liabilities
Notes payable
Accounts payable 19,318,197.56 25,524,801.45
Accounts received in advance 32,362,367.65 482,960.95
Financial assets sold for repurchase
Fees and commissions payable
Payroll payable 400,257.72 412,376.20
Taxes payable 33,827,155.34 33,965,898.62
Interest payable
Dividends payable
Other accounts payable 68,492,796.93 55,197,870.96
Reinsurance premiums payable
Insurance contract reserve
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 154,400,775.20 115,583,908.18
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term accounts payable
Long-term payroll payable
Special payables
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
40
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Total liabilities 154,400,775.20 115,583,908.18
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 52,303,274.79 52,129,496.58
Less: Treasury shares
Other comprehensive income
Special reserve
Surplus reserve 86,036,260.20 86,036,260.20
Provisions for general risks
Retained earnings -98,092,507.78 -90,095,403.00
Equity attributable to owners of the
358,847,027.21 366,670,353.78
Company
Minority interests 40,901,781.73 37,940,417.64
Total owners’ equity 399,748,808.94 404,610,771.42
Total liabilities and owners’ equity 554,149,584.14 520,194,679.60
Legal representative: Ding Lihong Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zeng Zhihua
2. Balance Sheet of the Company
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 1,677,088.41 119,117,878.02
Financial assets at fair value through
profit/loss
Derivative financial assets
Notes receivable
Accounts receivable
Accounts paid in advance 29,895.87 66,198.00
Interest receivable
Dividends receivable
Other accounts receivable 66,887,351.87 75,929,989.74
41
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Inventories
Assets held for sale
Non-current assets due within one
year
Other current assets
Total current assets 68,594,336.15 195,114,065.76
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 350,015,284.19 224,998,229.97
Investment property
Fixed assets 41,009,010.69 42,121,038.15
Construction in progress
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 9,216,788.84 9,355,420.76
R&D expenses
Goodwill
Long-term deferred expense
Deferred income tax assets 2,718,629.60 2,718,629.60
Other non-current assets
Total non-current assets 402,959,713.32 279,193,318.48
Total assets 471,554,049.47 474,307,384.24
Current liabilities:
Short-term borrowings
Financial liabilities at fair value
through profit/loss
Derivative financial liabilities
Notes payable
Accounts payable 19,442.64 19,442.64
Accounts received in advance 376,757.66 164,667.00
Payroll payable 215,067.82 202,963.22
42
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Taxes payable 27,214,831.30 26,764,743.75
Interest payable
Dividends payable
Other accounts payable 45,131,482.40 42,223,361.35
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 72,957,581.82 69,375,177.96
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term payables
Long-term payroll payable
Special payables
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 72,957,581.82 69,375,177.96
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 52,129,496.58 52,129,496.58
Less: Treasury shares
Other comprehensive income
Special reserve
Surplus reserve 86,036,260.20 86,036,260.20
Retained earnings -58,169,289.13 -51,833,550.50
Total owners’ equity 398,596,467.65 404,932,206.28
43
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Total liabilities and owners’ equity 471,554,049.47 474,307,384.24
3. Consolidated Income Statement
Unit: RMB
Item January-June 2017 January-June 2016
1. Operating revenues 190,460,084.85 200,186,975.70
Including: Sales income 190,460,084.85 200,186,975.70
Interest income
Premium income
Fee and commission income
2. Operating costs 187,846,722.05 199,776,483.69
Including: Cost of sales 178,534,654.04 190,594,842.57
Interest expenses
Fee and commission expenses
Surrenders
Net claims paid
Net amount provided as insurance
contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and surtaxes 654,183.56 122,989.29
Selling expenses 1,434,407.39 1,189,892.46
Administrative expenses 7,324,503.57 6,961,491.74
Finance costs 310,534.11 739,933.86
Asset impairment loss -411,560.62 167,333.77
Add: Profit on fair value changes (“-”
-5,539,925.21 0.00
means loss)
Investment income (“-” means loss) 33,294.77 -1,522.94
Including: Share of profit/loss of
associates and joint ventures
Exchange gains (“-” means loss)
Other gains
3. Operating profit (“-” means loss) -2,893,267.64 408,969.07
Add: Non-operating income 0.33 0.44
Including: Profit on disposal of
non-current assets
44
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Less: Non-operating expense 2,404.16 200,000.00
Including: Loss on disposal of
non-current assets
4. Total profit (“-” means loss) -2,895,671.47 208,969.51
Less: Corporate income tax 2,307,032.61 1,848,553.62
5. Net profit (“-” means loss) -5,202,704.08 -1,639,584.11
Net profit attributable to owners of
-7,997,104.78 -4,308,101.71
the Company
Minority interests’ income 2,794,400.70 2,668,517.60
6. Other comprehensive income net of tax
Other comprehensive income net of
tax attributable to owners of the
Company
6.1 Other comprehensive income
that will not be reclassified into
profit/loss
6.1.1 Changes in net liabilities
or assets with a defined benefit plan upon
re-measurement
6.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
6.2 Other comprehensive income
to be subsequently reclassified into
profit/loss
6.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss under
the equity method
6.2.2 Profit/loss on fair value
changes of available-for-sale financial
assets
6.2.3 Profit/loss on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective profit/loss on
cash flow hedges
6.2.5 Currency translation
differences
6.2.6 Other
45
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Other comprehensive income net of
tax attributable to minority interests
7. Total comprehensive income -5,202,704.08 -1,639,584.11
Attributable to owners of the
-7,997,104.78 -4,308,101.71
Company
Attributable to minority interests 2,794,400.70 2,668,517.60
8. Earnings per share
8.1 Basic earnings per share -0.030 -0.010
8.2 Diluted earnings per share -0.030 -0.010
Where business mergers under the same control occurred in this Reporting Period, the net profit achieved by the merged parties
before the business mergers was RMB0.00, with the corresponding amount for the last period being RMB0.00.
Legal representative: Ding Lihong Chief of the accounting work: Chen Jincai Chief of the accounting organ: Zeng Zhihua
4. Income Statement of the Company
Unit: RMB
Item January-June 2017 January-June 2016
1. Operating revenues 637,064.14 0.00
Less: Operating costs 166,356.27 0.00
Taxes and surtaxes 418,155.62
Selling expenses
Administrative expenses 5,868,665.93 4,584,885.65
Finance costs 536,679.17 642,274.67
Asset impairment loss
Add: profit on fair value changes (“-”
means loss)
Investment income (“-” means
17,054.22
loss)
Including: Share of profit/loss of
associates and joint ventures
Other gains
2. Operating profit (“-” means loss) -6,335,738.63 -5,227,160.32
Add: Non-operating income
Including: Profit on disposal of
non-current assets
Less: Non-operating expense 200,000.00
Including: Loss on disposal of
non-current assets
46
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
3. Total profit (“-” means loss) -6,335,738.63 -5,427,160.32
Less: Corporate income tax
4. Net profit (“-” means loss) -6,335,738.63 -5,427,160.32
5. Other comprehensive income net of
tax
5.1 Other comprehensive income that
will not be reclassified into profit and
loss
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
5.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
5.2 Other comprehensive income to
be subsequently reclassified into
profit/loss
5.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
5.2.2 Profit/loss on fair value
changes of available-for-sale financial
assets
5.2.3 Profit/loss on reclassifying
held-to-maturity investments into
available-for-sale financial assets
5.2.4 Effective profit/loss on cash
flow hedges
5.2.5 Currency translation
differences
5.2.6 Other
6. Total comprehensive income -6,335,738.63 -5,427,160.32
7. Earnings per share
7.1 Basic earnings per share -0.020 -0.020
7.2 Diluted earnings per share -0.020 -0.020
5. Consolidated Cash Flow Statement
Unit: RMB
47
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Item January-June 2017 January-June 2016
1. Cash flows associated with operating
activities:
Cash received from sale of
279,104,141.77 235,472,158.88
commodities and rendering of service
Net increase in money deposits from
customers and interbank placements
Net increase in loans from the
Central Bank
Net increase in funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase in deposits of policy
holders and investment fund
Net increase in disposal of financial
assets at fair value through profit/loss
Interest, fees and commissions
received
Net increase in interbank borrowings
Net increase in funds in repurchase
business
Tax refunds received
Cash generated by other operating
35,298,621.21 612,905,230.54
activities
Subtotal of cash generated by operating
314,402,762.98 848,377,389.42
activities
Cash paid for goods and services 280,323,737.91 231,558,558.05
Net increase in loans and advances to
customers
Net increase in funds deposited in the
Central Bank and interbank placements
Cash paid for claims of original
insurance contracts
Interest, fees and commissions paid
Cash paid as policy dividends
Cash paid to and for employees 2,049,087.43 2,327,459.34
Taxes paid 3,962,251.90 2,120,127.84
Cash used in other operating 24,934,811.29 608,577,429.24
48
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
activities
Subtotal of cash used in operating
311,269,888.53 844,583,574.47
activities
Net cash generated by operating
3,132,874.45 3,793,814.95
activities
2. Cash flows associated with investing
activities:
Cash received from retraction of
1,326,057.76 2,867.06
investments
Cash received as investment income 50,187.43 10.00
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Cash generated by other investing
activities
Subtotal of cash generated by investing
1,376,245.19 2,877.06
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 1,393,075.92
assets
Cash paid for investment 121,377,497.91
Net increase in pledged loans
Net cash paid to acquire subsidiaries
and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
121,377,497.91 1,393,075.92
activities
Net cash generated by investing
-120,001,252.72 -1,390,198.86
activities
3. Cash flows associated with financing
activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received as borrowings
Cash received from issuance of
bonds
49
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Cash generated by other financing
activities
Subtotal of cash generated by financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority interests
Cash used in other financing
activities
Sub-total of cash used in financing
activities
Net cash generated by financing
activities
4. Effect of foreign exchange rate
-390.67 66.00
changes on cash and cash equivalents
5. Net increase in cash and cash
-116,868,768.94 2,403,682.09
equivalents
Add: Opening balance of cash and
123,886,976.82 301,471,305.21
cash equivalents
6. Closing balance of cash and cash
7,018,207.88 303,874,987.30
equivalents
6. Cash Flow Statement of the Company
Unit: RMB
Item January-June 2017 January-June 2016
1. Cash flows associated with operating
activities:
Cash received from sale of
395,200.00
commodities and rendering of service
Tax refunds received
Cash generated by other operating
36,632,375.31 8,443,529.07
activities
Subtotal of cash generated by operating
36,632,375.31 8,838,729.07
activities
Cash paid for goods and services
Cash paid to and for employees 846,506.12 638,288.55
Taxes paid 27,707.62 9,663.86
Cash used in other operating
28,198,951.18 253,940,952.94
activities
50
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Subtotal of cash used in operating
29,073,164.92 254,588,905.35
activities
Net cash generated by operating
7,559,210.39 -245,750,176.28
activities
2. Cash flows associated with investing
activities:
Cash received from retraction of
investments
Cash received as investment income
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Cash generated by other investing
activities
Subtotal of cash generated by investing
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 1,180,000.00
assets
Cash paid for investment 120,000,000.00
Net cash paid to acquire subsidiaries
5,000,000.00
and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
125,000,000.00 1,180,000.00
activities
Net cash generated by investing
-125,000,000.00 -1,180,000.00
activities
3. Cash flows associated with financing
activities:
Cash received from capital
contributions
Cash received as borrowings
Cash received from issuance of
bonds
Cash generated by other financing
activities
Subtotal of cash generated by financing
activities
Repayment of borrowings
51
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Cash paid for interest expenses and
distribution of dividends or profit
Cash used in other financing
activities
Sub-total of cash used in financing
activities
Net cash generated by financing
activities
4. Effect of foreign exchange rate
changes on cash and cash equivalents
5. Net increase in cash and cash
-117,440,789.61 -246,930,176.28
equivalents
Add: Opening balance of cash and
119,117,878.02 250,310,105.45
cash equivalents
6. Closing balance of cash and cash
1,677,088.41 3,379,929.17
equivalents
7. Consolidated Statement of Changes in Owners’ Equity
January-June 2017
Unit: RMB
January-June 2017
Equity attributable to owners of the Company
Other equity
Item Other Retaine Minorit Total
instruments Less: General
Share Capital compre Special Surplus d y owners’
Prefer Perpet Treasur risk
capital reserve hensive reserve reserve earning interests equity
ence ual Other y shares reserve
income s
shares bonds
1. Balance at the 318,60
52,129, 86,036, -90,095, 37,940, 404,610
end of the prior 0,000.
496.58 260.20 403.00 417.64 ,771.42
year 00
Add: Changes
in accounting
policies
Correction of
errors in prior
periods
Business
mergers under the
same control
Other
2. Balance at the 318,60 52,129, 86,036, -90,095, 37,940, 404,610
52
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
beginning of the 0,000. 496.58 260.20 403.00 417.64 ,771.42
year 00
3. Increase/
decrease in the 173,778 -7,997,1 2,961,3 -4,861,9
period (“-” means .21 04.78 64.09 62.48
decrease)
3.1 Total
-7,997,1 2,794,4 -5,202,7
comprehensive
04.78 00.70 04.08
income
3.2 Capital
increased and
reduced by owners
3.2.1
Ordinary shares
increased by
shareholders
3.2.2 Capital
increased by
holders of other
equity instruments
3.2.3
Amounts of
share-based
payments charged
to owners’ equity
3.2.4 Other
3.3 Profit
distribution
3.3.1
Appropriation to
surplus reserve
3.3.2
Appropriation to
general risk
provisions
3.3.3
Appropriation to
owners (or
shareholders)
3.3.4 Other
3.4 Internal
173,778 166,963 340,741
carry-forward of
.21 .39 .60
owners’ equity
53
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
3.4.1 New
increase of capital
(or share capital)
from capital
reserve
3.4.2 New
increase of capital
(or share capital)
from surplus
reserve
3.4.3 Surplus
reserve for making
up loss
3.4.4 Other
3.5 Special reserve
3.5.1
Withdrawn for the
period
3.5.2 Used in
the period
3.6 Other
318,60
52,303, 86,036, -98,092, 40,901, 399,748
4. Closing balance 0,000.
274.79 260.20 507.78 781.73 ,808.94
00
January-June 2016
Unit: RMB
January-June 2016
Equity attributable to owners of the Company
Other equity Minorit
Other Total
Item instruments Less: General Retaine y
Share Capital compre Special Surplus owners’
Treasur risk d interest
Prefer Perpet equity
capital reserve hensive reserve reserve
y shares reserve earnings s
ence ual Other
income
shares bonds
1. Balance at the 318,60
52,129, 86,036, -92,329, 33,357, 397,794
end of the prior 0,000.
496.58 260.20 076.97 710.95 ,390.76
year 00
Add: Changes
in accounting
policies
Correction of
errors in prior
54
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
periods
Business
mergers under the
same control
Other
2. Balance at the 318,60
52,129, 86,036, -92,329, 33,357, 397,794
beginning of the 0,000.
496.58 260.20 076.97 710.95 ,390.76
year 00
3. Increase/
decrease in the 2,233,6 4,582,7 6,816,3
period (“-” means 73.97 06.69 80.66
decrease)
3.1 Total
2,233,6 4,582,7 6,816,3
comprehensive
73.97 06.69 80.66
income
3.2 Capital
increased and
reduced by owners
3.2.1
Ordinary shares
increased by
shareholders
3.2.2 Capital
increased by
holders of other
equity instruments
3.2.3
Amounts of
share-based
payments charged
to owners’ equity
3.2.4 Other
3.3 Profit
distribution
3.3.1
Appropriation to
surplus reserve
3.3.2
Appropriation to
general risk
provisions
3.3.3
Appropriation to
55
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
owners (or
shareholders)
3.3.4 Other
3.4 Internal
carry-forward of
owners’ equity
3.4.1 New
increase of capital
(or share capital)
from capital
reserve
3.4.2 New
increase of capital
(or share capital)
from surplus
reserve
3.4.3 Surplus
reserve for making
up loss
3.4.4 Other
3.5 Special reserve
3.5.1
Withdrawn for the
period
3.5.2 Used in
the period
3.6 Other
318,60
52,129, 86,036, -90,095, 37,940, 404,610
4. Closing balance 0,000.
496.58 260.20 403.00 417.64 ,771.42
00
8. Statement of Changes in Owners’ Equity of the Company
January-June 2017
Unit: RMB
January-June 2017
Other equity instruments Other
Less: Retaine Total
Item Share Prefere Capital comprehe Special Surplus
Perpetu Treasury d owners’
capital nce Other reserve nsive reserve reserve
al bonds shares earnings equity
shares income
1. Balance at the
318,600, 52,129,49 86,036,26 -51,833, 404,932,2
end of the prior
56
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
year 000.00 6.58 0.20 550.50 06.28
Add: Changes
in accounting
policies
Correction of
errors in prior
periods
Other
2. Balance at the
318,600, 52,129,49 86,036,26 -51,833, 404,932,2
beginning of the
000.00 6.58 0.20 550.50 06.28
year
3. Increase/
decrease in the -6,335,7 -6,335,73
period (“-” means 38.63 8.63
decrease)
3.1 Total
-6,335,7 -6,335,73
comprehensive
38.63 8.63
income
3.2 Capital
increased and
reduced by owners
3.2.1
Ordinary shares
increased by
shareholders
3.2.2 Capital
increased by
holders of other
equity instruments
3.2.3
Amounts of
share-based
payments charged
to owners’ equity
3.2.4 Other
3.3 Profit
distribution
3.3.1
Appropriation to
surplus reserve
3.3.2
Appropriation to
owners (or
57
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
shareholders)
3.3.3 Other
3.4 Internal
carry-forward of
owners’ equity
3.4.1 New
increase of capital
(or share capital)
from capital
reserve
3.4.2 New
increase of capital
(or share capital)
from surplus
reserve
3.4.3 Surplus
reserve for making
up loss
3.4.4 Other
3.5 Special reserve
3.5.1
Withdrawn for the
period
3.5.2 Used in
the period
3.6 Other
318,600, 52,129,49 86,036,26 -58,169, 398,596,4
4. Closing balance
000.00 6.58 0.20 289.13 67.65
January-June 2016
Unit: RMB
January-June 2016
Other equity instruments Other
Less: Retaine Total
Item Share Prefere Capital comprehe Special Surplus
Perpetu Treasury d owners’
capital nce Other reserve nsive reserve reserve
al bonds shares earnings equity
shares income
1. Balance at the -172,94
318,600, 52,129,49 86,036,26 283,818,9
end of the prior 6,764.5
000.00 6.58 0.20 92.25
year 3
Add: Changes
in accounting
policies
58
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Correction of
errors in prior
periods
Other
2. Balance at the -172,94
318,600, 52,129,49 86,036,26 283,818,9
beginning of the 6,764.5
000.00 6.58 0.20 92.25
year 3
3. Increase/
decrease in the 121,113 121,113,2
period (“-” means ,214.03 14.03
decrease)
3.1 Total
121,113 121,113,2
comprehensive
,214.03 14.03
income
3.2 Capital
increased and
reduced by owners
3.2.1
Ordinary shares
increased by
shareholders
3.2.2 Capital
increased by
holders of other
equity instruments
3.2.3
Amounts of
318,600, 52,129,49
share-based
000.00 6.58
payments charged
to owners’ equity
3.2.4 Other
3.3 Profit
distribution
3.3.1
Appropriation to
surplus reserve
3.3.2
Appropriation to
owners (or
shareholders)
3.3.3 Other
3.4 Internal
carry-forward of
59
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
owners’ equity
3.4.1 New
increase of capital
(or share capital)
from capital
reserve
3.4.2 New
increase of capital
(or share capital)
from surplus
reserve
3.4.3 Surplus
reserve for making
up loss
3.4.4 Other
3.5 Special reserve
3.5.1
Withdrawn for the
period
3.5.2 Used in
the period
3.6 Other
318,600, 52,129,49 86,036,26 -51,833, 404,932,2
4. Closing balance
000.00 6.58 0.20 550.50 06.28
III. Company Profile
1. The registration place, the organization method and the headquarters address of the Company
Guangdong Jadiete Holdings Group Company Limited (original name: Guangdong Rieys Group
Company Ltd, hereinafter referred to as ‘the Company’) was a limited liability company registered
in Guangdong Province and had been approved by the Y-H-B [1997] No. 580 document of People’s
Government of Guangdong Province on November 17, 1997, which established by five enterprises
including Puning Haicheng Industrial Co., Ltd. (this company changed its name to Shenzhen
Shenghengchang Industrial Co., Ltd. after relocating in Shenzhen; in 2007 this company was
renamed as Guangzhou Shenghengchang Investment Co., Ltd.; in 2008 this company was renamed
as Guangzhou Shenghengchang Trade and Development Co., Ltd.; on January 28, 2010 this
company was renamed as Puning Shenghengchang Trade Development Co., Ltd.; on July 26, 2013,
this company was renamed as Shenzhen Shenghengchang Huifu Industrial Co., Ltd. as relocation),
an original Sino-foreign cooperated enterprise of Hongxing Weaving Garment Co., Ltd. Under
approval of Guangdong Province Administration for Industry and Commerce, the Company
registered with the registration number of the license of the business corporation of:
914452002311318335. The Share B, which was the HK common stock as well as the domestically
60
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
listed foreign share issued by the Company, had listed on the SZSE. The registration place of the
Company: Meixin Industrial Park, Junbu Town, Puning, Guangdong Province, of which the parent
company was the Shenzhen Shenghengchang Huifu Industrial Co., Ltd. and the ultimate actual
controller of the Group was Chen Hongcheng.
The Company used to be the Puning Hongxing Weaving Garment Co., Ltd., which had reorganized
as a limited liability company based on the former company on November 17, 1997.
The original registration capital of the Company was of RMB80,000,000.00 with the total amount
of the share capital of 80,000,000 shares. And the face value of the shares of the Company was of
RMB1 per share. In March 1999, with the approval of the Shareholders’ General Meeting, the
Company declared a Bonus Issue of 3.5 shares per 10 shares based on the total number of shares
accrued in the register as at December 31, 1998 (80 million shares), making the registered capital
increased to 108,000,000 shares. The Company issued 60,000,000 shares of foreign invested stock
domestically listed (“Stock B”) for foreign investors on October 17, 2000, and issued 9,000,000
shares of Stock B for exercise of over-allotment options during the period from October 27 to
November 22, 2000 in accordance with approval of ZJFXZ (2000) No. 133 issued by China
Securities Regulatory Commission on September 29, 2000. The registered capital of the Company
increased to RMB177,000,000 after issuance of Stock B, which was divided into 177,000,000
shares of RMB1.00 each. The registered capital of the Company increased to 318,600,000 after
years of bonus distribution and transfer increase in paid-in capital, which was divided into
318,600,000 shares of RMB1.00 each.
As at June 30, 2017, the Company’s total share capital was 318,600,000 shares, including
164,025,000 non-tradable legal shares (representing 51.48% of total shares and 154,575,000
domestic listed foreign shares (stock B) (representing 48.52% of total shares).
2. Operating scope
The operating scope of the Company: executes the self-management and agent of the import and
export business of other goods and techniques except for the national organization unified joint
venture export commodities and the national approved corporation operation export commodities;
executes the processing imported materials operation, “three-processing and one compensation”,
counter trade and entrepot trade (operates according to the [98] WZMZSHZ No. 1225 document);
the production, processing and sales of the clothing, needle and textiles. Sales of the industrial
capital goods (excluding the gold, car, dangerous chemicals), department stores, furniture, arts and
crafts (excluding the gold jewelry) and the domestic commerce (except for those forbidden by the
laws, administrative regulations and the State Council; and as for the projects limited by the laws,
administrative regulations and the State Council should acquire the permission before
operating).Crops planting. Storage. Various investments. Real Estate development (three-level with
the period of validity to 31 December 2015.) Commercial residential buildings developed owning to
renting out the Company. Hotel management. Engages in the technique development, design and
sales of the gold, silver, platinum, diamond, jade, jewelry, hardstone article and so on. Engage itself
in: technical service in the field of network technology and communication technology, technical
development, technical consultation, technology transfer, computer software development,
computer information system integration, and wholesale and retail of computers, software and
61
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
accessory equipment, communication equipment and electronic products, and construction of
computer network engineering, e-commerce, design and production of various advertising,
publishing advertisements through self-own media, cultural and art exchange planning and the
wholesale and retail of clothing, daily articles and crafts.
3. Information of the special enterprises with limited business allotted time
Naught
4. Business nature and major operating activities of the Company
The Company is the gold jewelry vendor; mainly engages in the technique development, design and
sales of the gold jewelry.
5. Approval of the presentation of the financial statements
The financial statements and the notes to the financial statements were approved by the 14rd Session
of the 7th Board of Directors of the Company on August 28, 2017.
There were 4 main bodies included in the consolidated financial statement scope at the period-end
of the Reporting Period, which specifically including:
Name of the subsidiaries Type of the Shareholding Voting proportion
subsidiaries proportion (%) (%)
Shenzhen Rieys Industrial Co., Limited liability 90.00 90.00
Ltd. company
Tianrui (Hong Kong) Limited liability 100.00 100.00
Trading Co., Ltd. company
Shenzhen Chinese Gold Limited liability 51.00 51.00
Nobility Jewelry Co., Ltd. company
Shanghai Yunpeng Internet 60.00 60.00
Limited company
Technology Co., Ltd
There was no change of main bodies in the Reporting Period included into the scope of consolidated
financial statement compared with last period.
IV. Basis for the Preparation of the Financial Statement
1. Basis for the Preparation
The Company and its subsidiaries are prepared based on assumption of the Company’s continuing
operations, according to transactions and events actually occurred, and based on “Basic Accounting
Standard for Business Enterprises” and specific accounting standards as well as the application
guide, explanation and other relevant regulations (generally referred to as “ASBE”) issued
by Ministry of Finance. In addition, the Company’s financial statements also comply with the
relevant financial information in “Compilation Rules for Information Disclosures by Companies that
Offer Securities to the Public No.15 - General Provisions for Financial Reports” (hereinafter referred
to as “the No. 15”) issued by CSRC (revised in 2014).
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
The accounting measurement of the Company based on the accrual basis. Except for certain
financial instruments, the financial statements were all based on the historical cost for measurement.
If there was impairment of the assets, should withdraw the impairment provision according to the
relevant regulations.
2. Continuing Operations
The financial statement presented based on the continuing operations. There was no any event or
situation caused major concerns on the continuing operation ability of the Company within 12
months from the period-end.
V. Significant Accounting Policies and Estimates
Specific accounting policies and accounting estimates indicators:
Not applicable
1. Statement of Compliance with the Accounting Standards for Business Enterprises
The financial statements prepared by the Company are in compliance with in compliance with the
Accounting Standards for Business Enterprises, which factually and completely present the
Company’s, and the relevant information of the Company’s merger and financial positions as at
June 30, 2017, as well as the merger, business results and the merger and cash flows for the first
half year of 2017.
2. Fiscal Period
The Company’s fiscal year starts on January 1 and ends on December 31 of every year according to
the Gregorian calendar.
3. Operating Cycle
Normal operating cycle refers to the period from the Group purchases the assets for processing to
realize the cash or cash equivalents. The Group regards 12 months as an operating cycle and regards
which as the partition criterion of the mobility of the assets and liabilities.
4. Recording Currency
Recording currency is RMB.
5. Accounting Treatment for Business Combinations under the Common Control and Not under the
Common Control
(1) Judgment standard of the package deal
If the terms, conditions and the economic influences of each transaction in the process of the
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
enterprise merger realized by multiple steps met with one or various situation of the followings,
should execute the accounting treatment by considering the multiple transactions as the package
deal:
① these transactions are considered simultaneously, or in the case of mutual influence made;
② these transactions as a whole in order to achieve a complete business results;
③ the occurrence of a transaction depends on occurs at least one other transaction ;
④ a transaction look alone is not economical, but when considered together with other transaction
is economical.
(2) Business combination under the same control
For the business combination under the same control, the assets and liabilities that the combining
party obtains in a business combination, except for the adjustment executed owning to the
differences between the accounting policies, shall be measured on the basis of their originally
carrying amount in the combined party on the combining date. As for the balance between the
carrying amount of the net assets obtained by the combining party and the carrying amount of the
consideration paid by it (or the total par value of the shares issued), the additional paid-in capital
(share/capital premium) shall be adjusted. If the additional paid-in capital (share/capital premium) is
not sufficient to be offset, the retained earnings shall be adjusted.
The direct relevant expenses occurred for executing the enterprise merger should be recorded in the
current gains and losses when occurred.
(3) Business combination not under the same control
Business combination not under the common control refers to that parties involved in the merger
are not subject to the ultimate control of the same party or same multi-parties before & after the
merger.
For a business combination not under the same control, the combination costs shall include the fair
values, on the acquisition date, of the assets paid, the liabilities incurred or assumed and the equity
securities issued by the acquirer in exchange for the control on the acquiree. On the purchase date,
the merger cost occurred in the Company and the assets, liabilities and the contingent liabilities of
the acquirees should be recognized according to the fair value.
As for the expenses for audit, legal services and assessment, and other administrative expenses,
should be recorded into the profits and losses in the current period. The trading expenses for the
equity securities or debt securities issued by the acquirer as the combination consideration shall be
recorded into the amount of initial measurement of the equity securities or debt securities.
The Company shall recognize the positive balance between the combination costs and the fair value
of the identifiable net assets it obtains from the acquiree as business reputation and shall execute the
follow-up measurement according to the cost which deducted the accumulative impairment
provision; the Company shall record which in the current gains and losses after the reexamination to
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
treat the balance between the combination costs and the fair value of the identifiable net assets it
obtains from the acquiree.
As for the deductible temporary differences the acquirer obtains from the acquiree which are not
recognized into deferred income tax liabilities due to their not meeting the recognition standards, if
new or further information shows that the relevant situation has existed on the acquiring date and
the economic benefits brought by the deductible temporary differences the acquirer obtains from the
acquiree on the acquiring date can be realized, they shall be recognized into deferred income tax
assets and the relevant goodwill shall be reduced. Where the goodwill is not sufficient to be offset,
the difference shall be recognized into the profits and losses in the current period. In other
circumstances than the above, where the deductible temporary differences are recognized into
deferred income tax assets on the acquiring date, they shall be recorded into the profits and losses in
the current period.
In a business combination not under same control realized by two or more transactions of exchange,
according to about the 5th Notice about the Treasury Issuing the Accounting Standards for
Enterprises (Finance accounting) [2012] No. 19 Criterion about the “package deal”, whether the
deals are “package deal” or not, belong to the “package deal”, see the previous paragraphs
described in this section and note IV, 12 “long term equity investment transaction” and conduct
accounting treatment, those not belong to the “package deal” distinguish between the individual
financial statements and the consolidated financial statements and conduct relevant accounting
treatment.
In the individual financial statements, the sum of the book value and new investment cost of the
Company holds in the acquiree before the acquiring date shall be considered as initial cost of the
investment. Other related comprehensive gains in relation to the equity interests that the Company
holds in the acquiree before the acquiring date, except for the corresponding share in the changes in
the net liabilities or assets with a defined benefit plan measured at the equity method arising from
the acquiree’s re-measurement, the others shall be transferred into current investment gains.
In the Company’s consolidated financial statements, the merger cost is the sum of the consideration
pays on the purchase date and the fair value on the purchase date of the equity of the acquirees hold
before the purchase date. As for the equity interests that the Company holds in the acquiree before
the acquiring date, they shall be re-measured according to their fair values at the acquiring date; the
positive difference between their fair values and carrying amounts shall be recorded into the
investment gains for the period including the acquiring date. Other related comprehensive gains in
relation to the equity interests that the Company holds in the acquiree before the acquiring date,
except for the corresponding share in the changes in the net liabilities or assets with a defined
benefit plan measured at the equity method arising from the acquiree’s re-measurement, the others
shall be transferred into current investment gains.
6. Preparation of the Consolidated Financial Statements
The consolidation scope for financial statements is determined on the basis of control and all the
subsidiaries (including the individual main body controlled by the Company) are all included in the
consolidated financial statement.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
The consolidated financial statement bases on the financial statement of the Company and the
subsidiaries and prepares according to the other relevant materials by the Company. When
preparing the consolidated financial statement, the accounting policies and the accounting period of
the Company and the subsidiaries were required to maintain unanimous while the intercompany
significant contracts and the come-and-go balance should be offset.
For the subsidiaries increased owning to the enterprise merger under the same control during the
Reporting Period, the Company includes their income, expenses and profits from the period-begin
of the merger to the end of the Reporting Period in the consolidated statement of income and
includes the cash flow in the consolidated statement of cash flow, as well as adjust the opening
balance and the comparison amount of the consolidated financial statement; as for the subsidiaries
increased owning to the enterprise merger not under the same control during the Reporting Period,
the Company includes their income, expenses and profits from the purchase date to the end of the
Reporting Period in the consolidated statement of income and includes the cash flow in the
consolidated statement of cash flow, while not to as adjust the opening balance and the comparison
amount of the consolidated financial statement; during the Reporting Period, as for the disposed
subsidiaries, the Company includes their income, expenses and profits from the period-begin of the
merger to the disposal date in the consolidated statement of income and includes the cash flow in
the consolidated statement of cash flow, and not to adjust the opening balance of the consolidated
balance sheet.
The portion of a subsidiary’s shareholders’ equity and the portion of a subsidiary’s net profits and
losses for the period not held by the Company are recognized as minority interests and minority
shareholder profits and losses respectively and presented separately under shareholders’ equity and
net profits in the consolidation financial statements. The portion of a subsidiary’s net profits and
losses for the period that belong to minority interests is presented as the item of “minority
shareholder profits and losses” under the bigger item of net profits in the consolidated financial
statements. Where the loss of a subsidiary shared by minority shareholders exceeds the portion
enjoyed by minority shareholders in the subsidiary’s opening owners’ equity, minority interests are
offset.
As for the transactions purchasing minority equities of the subsidiaries or the transitions not losing
the control right of the subsidiaries owning to disposing the equity investment on them, should be
measured as the equity transactions and adjust the book value that attributes to the equities of the
shareholders of the Company and the equities of the minority shareholders for reflecting the
changes in the relevant equities of the subsidiaries. The Company adjusts the capital surplus of the
difference between the adjusted amount of the equities of the minority shareholders and the fair
value of the paid/received consideration, if the capital surplus is insufficient to write down, the
retained income should be adjusted.
Where the Company losses control on its original subsidiaries due to disposal of some equity
investments or other reasons, the residual equity interests are re-measured according to the fair
value on the date when such control ceases. The summation of the consideration obtained from the
disposal of equity interests and the fair value of the residual equity interests, minus the portion in
the original subsidiary’s net assets measured on a continuous basis from the acquisition date that is
enjoyable by the Company according to the original shareholding percentage in the subsidiary, is
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
recorded in investment gains for the period when the Company’s control on the subsidiary ceases.
Other comprehensive incomes in relation to the equity investment in the original subsidiary are
treated on the same accounting basis as the acquiree directly disposes the relevant assets or
liabilities (that is, except for the changes in the net liabilities or assets with a defined benefit plan
resulted from re-measurement of the original subsidiary, the rest shall all be transferred into current
investment gains) when such control ceases. And subsequent measurement is conducted on the
residual equity interests according to the No. 2 Accounting Standard for Business
Enterprises-Long-term Equity Investments or the No. 22 Accounting Standard for Business
Enterprises-Recognition and Measurement of Financial Instruments.
Where the Company losses control on its original subsidiaries due to step by step disposal of equity
investments through multiple transactions, it need to distinguish the Company losses control on its
subsidiaries due to disposal of equity investments whether belongs to a package deal. If each
transaction of disposing the equity investment of the subsidiaries until losing the control right
belongs to the package deal, should be regarded as a transaction of disposing the subsidiaries and
losing the control right for accounting treatment. Those not belong to a package deal, each of
them a deal depends on circumstances respectively conduct accounting treatment in accordance
with the applicable principles of “part disposal of subsidiaries of a long-term equity investment
under the condition of not losing control on its subsidiaries” (see details to the first two
paragraphs)and “Where the Group losses control on its original subsidiaries due to disposal of some
equity investments or other reasons” (see the details to the first paragraph).However, before losing
control, every disposal cost and corresponding net assets balance of subsidiary of disposal
investment are confirmed as other comprehensive income in consolidated financial statements,
which together transferred into the current profits and losses in the loss of control , when the
Company losing control on its subsidiary.
7. Classification of Joint Arrangements and Accounting Treatment of Joint Operations
Not applicable
8. Confirmation Standard for Cash and Cash Equivalent
In preparing the cash flow statement, the cash equivalents of the Company include the investments
with short period (it usually expires within three months from the purchase date), characteristics of
high liquidity, easy conversion to certain amount of cash and little risk of value change.
9. Transactions of Foreign Currencies and Conversion of Financial Statements in Foreign Currencies
(1) Adjustments are made to foreign currency accounts in accordance with the exchange rate
prevailing on the balance sheet date
Value of non currency item accrued at fair value by foreign currency is adjusted in accordance with
the exchange rate prevailing on fair value confirm date. Conversion differences arising from those
specific borrowings are to be capitalized as part of the cost of the construction in progress in the
period before the fixed assets being acquired and constructed has not yet reached working condition
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
for its intended use. Conversion differences arising from other accounts are charged to financial
expenses.
(2) In balance sheet, assets and liabilities items are converted into RMB at the exchange rate
prevailing on the consolidated balance sheet date. Owner’s equity items (excluding undistributed
profit item) are converted into RMB at the exchange rate when the transaction occurs. In income
statement, revenue and expenses items are accrued by the proper method and the approximate rate
when the transaction occurs. Translation difference occurred for above reason is disclosed in the
consolidated balance sheet as a separate item.
10. Financial Instruments
The term “financial instruments” refers to the contracts under which the financial assets of an
enterprise are formed and the financial liability or right instruments of any other entity are formed.
Financial instruments include the financial assets, financial liabilities and equity instruments.
(1) Recognition and derecognition of the financial instruments
When the Company becomes a party to a financial instrument, it shall recognize a financial asset or
financial liability.
Where a financial asset satisfies any of the following requirements, the recognition of it shall be
terminated:
① Where the contractual rights for collecting the cash flow of the said financial asset are
terminated;
② Where the said financial asset has been transferred and meets the conditions for recognizing the
termination of financial assets as follows.
Only when the prevailing obligations of a financial liability are relieved in all or in part may the
recognition of the financial liability be terminated in all or partly. Where the Company (debtor)
enters into an agreement with a creditor so as to substitute the existing financial liabilities by way of
any new financial liability, and if the contractual stipulations regarding the new financial liability is
substantially different from that regarding the existing financial liability, it shall terminate the
recognition of the existing financial liability, and shall at the same time recognize the new financial
liability.
Buying and selling the financial assets by conventional methods and executing the accounting
recognition and derecognition according to the transaction date.
(2) Category and measurement of the financial assets
The Company classifies the financial assets into the following four kinds when initially recognizing
according to the contract terms of the issued financial instruments and the economic nature reflected
by which but not by the law methods as well as combines with the aims of acquiring and holding
the financial assets and undertaking the financial liabilities: financial assets measured by fair value
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
with the changes be recorded in the current gains and losses, held-to-maturity investment, loans and
accounts receivable as well as the available-for-sale financial assets. The financial assets should be
measured by fair value when initially recognizing. As for the financial assets measured by fair value
with the changes be recorded in the current gains and losses, the relevant transactions expenses
should be directly recorded in the current gains and losses while the relevant transactions expenses
of the financial assets of other categories should be recorded in the initially recognized amount.
Financial assets measured by fair value with the changes be included in the current gains and losses
As for the financial assets measured by fair value with the changes are included in the current gains
and losses which include the tradable financial assets and the financial assets be appointed as the
one be measured by fair value with the changes are included in the current gains and losses when
initially recognized. For this kind of the financial assets, should be executed the follow-up
measurement by adopting the fair value, and the profits or losses form from the changes of the fair
value as well as the dividends and the interest income related to the financial assets should be
recorded in the current gains and losses.
Held-to-maturity investment
The term “held-to-maturity investment “refers to a non-derivative financial asset with a fixed date
of maturity, a fixed or determinable amount of repo price and which the enterprise holds for a
definite purpose or the enterprise is able to hold until its maturity. The following non-derivative
financial assets shall not be classified as investments held to their maturity. As for the
held-to-maturity investment, shall make subsequent measurement on its financial liabilities on the
basis of the post-amortization costs by adopting the actual interest rate method, while the gains or
losses of the derecognition, impairment or amortization should be recorded in the current gains and
losses.
Accounts receivable
Accounts receivable refers to the non-derivative financial assets without any quotation in the active
market but with fixed or recognizable recovery amount, which include the accounts receivable and
other accounts receivable etc. As for the accounts receivable, shall make subsequent measurement
on its financial liabilities on the basis of the post-amortization costs by adopting the actual interest
rate method, while the gains or losses of the derecognition, impairment or amortization should be
recorded in the current gains and losses.
Available-for-sale financial assets
Available-for-sale financial assets refers to the non-derivative financial assets be appointed as
available-for-sale and the financial assets except for the above category of the financial assets. The
available-for-sale financial assets should adopt the follow-up measurement and the premium should
adopt the actual interest rate for amortization and be recognized as the interest income. Except for
the impairment losses and the exchange differences of the foreign currency financial assets which
be regarded as the current gains and losses, the changes of the fair value of the available-for-sale
financial assets should be recognized as other comprehensive income, and when the financial assets
being derecognizing, the portion of the accumulative amount of changes in the fair value originally
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
recorded in the other comprehensive income which corresponds to the portion whose recognition
has been disposed, shall be transferred and recorded in the current gains and losses. And the
dividends or the interest income related to the available-for-sale financial assets should be recorded
in the current gains and losses.
(3) Category and measurement of financial liabilities
The financial liabilities of the Company are classified as the follows when initially recognized:
financial liabilities measured by fair value with the changes are recorded in the current gains and
losses and other financial liabilities. As for those had not be divided as the financial liabilities
measured by fair value with the changes be recorded in the current gains and losses, the relevant
transaction expenses should be recorded in the initial recognized amount.
Financial liabilities measured by fair value with the changes be recorded in the current gains and
losses
The financial liabilities measured by fair value with the changes be recorded in the current gains
and losses, which include the tradable financial liabilities and the financial liabilities be appointed
as measured by fair value with the changes be recorded in the current gains and losses when
initially recognized. For this kind of financial liabilities should be executed the follow-up
measurement according to the fair value, while the profits or losses form from the changes of the
fair value and the dividends and the interest expenses related to the financial liabilities should be
recorded in the current gains and losses.
Other financial liabilities
For the derivative financial liabilities, which are connected to the equity instrument for which there
is no quotation in the active market and whose fair value cannot be reliably measured, and which
must be settled by delivering the equity instrument, they shall be executed follow-up measurement
on the basis of their costs. As for the other financial liabilities, should adopt the effective interest
method and be executed the follow-up measurement according to the amortized cost with the profits
or losses form from derecognition or amortization be recorded in the current gains and losses.
(4) Fair value of the financial instruments
As for the financial assets or financial liabilities for which there is an active market, the current
offer or current price in the active market shall be used to determine the fair values thereof.
Where there is no active market for a financial instrument, the Company concerned shall adopt
value appraisal techniques to determine its fair value. The result obtained by adopting value
appraisal techniques shall be able to reflect the transaction prices that may be adopted in fair
dealings on the value appraisal day. The value appraisal techniques mainly include the prices
adopted by the parties, who are familiar with the condition, in the latest market transaction upon
their own free will, the current fair value obtained by referring to other financial instruments of the
same essential nature, the cash flow capitalization method and the option pricing model, etc.
To determine the fair value of a financial asset, the Company chooses those value appraisal
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
techniques which are generally acknowledged by market participants and have been proved as
reliable by past actual transaction prices of the market. To determine the fair value of a financial
asset by adopting value appraisal techniques, the Company shall adopt, if possible, all the market
parameters that are taken into account by market participants in pricing financial instruments and
the observable transaction price of the current market with the same financial instruments for testing
the validity of the valuation technique.
(5) Impairment of financial assets
The Company shall carry out an inspection, on the balance sheet day, on the carrying amount of the
financial assets and where there is any objective evidence proving that such financial asset has been
impaired, an impairment provision shall be made. The expression “objective evidence proving that
the financial asset has been impaired” refers to the actually incurred events which, after the
financial asset is initially recognized, have an impact on the predicted future cash flow of the said
financial asset that can be reliably measured by the Company.
Financial assets measured by amortized cost
If there are objective evidences indicate that the financial assets occur impairment, the carrying
amount of the said financial asset shall be written down to the current value of the predicted future
cash flow (excluding the loss of future credits not yet occurred), and the amount as written down
shall be recorded in the current gains and losses. The current value of the predicted future cash flow
shall be determined according to the capitalization of the original actual interest rate of the said
financial asset, taking into account the value of the relevant guarantee.
An impairment test shall be made on the financial assets with significant single amounts. If any
objective evidence shows that it has been impaired, the impairment-related losses shall be
recognized and shall be recorded into the profits and losses of the current period. With regard to the
financial assets with insignificant single amounts, an independent impairment test may be carried
out, or they may be included in a combination of financial assets with similar credit risk features so
as to carry out an impairment-related test. Where, upon independent test, the financial asset
(including those financial assets with significant single amounts and those with insignificant
amounts) has not been impaired, it shall be included in a combination of financial assets with
similar risk features so as to conduct another impairment test. The financial assets which have
suffered from an impairment loss in any single amount shall not be included in any combination of
financial assets with similar risk features for any impairment test.
Where any financial asset measured on the basis of post-amortization costs is recognized as having
suffered from any impairment loss, if there is any objective evidence proving that the value of the
said financial asset has been restored, and it is objectively related to the events that occur after such
loss is recognized, the impairment-related losses as originally recognized shall be reversed and be
recorded into the profits and losses of the current period. However, the reversed carrying amount
shall not be any more than the post-amortization costs of the said financial asset on the day of
reverse under the assumption that no provision is made for the impairment.
Available-for-sale financial assets
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Where there are objective evidences indicate that the available-for-sale financial assets are impaired,
the accumulative losses arising from the decrease of the fair value of the owner’s equity which was
directly included shall be transferred out and recorded into the profits and losses of the current
period. The accumulative losses that are transferred out shall be the balance obtained from the
initially obtained costs of the sold financial asset after deducting the principals as taken back, the
current fair value and the impairment-related losses as was recorded into the profits and losses of
the current period.
As for the sellable debt instruments whose impairment-related losses have been recognized, if,
within the accounting period thereafter, the fair value has risen and are objectively related to the
subsequent events that occur after the originally impairment-related losses were recognized, the
originally recognized impairment-related losses shall be reversed and be recorded into the profits
and losses of the current period. The impairment-related losses incurred to a sellable equity
instrument investment shall not be reversed through profits and losses.
Financial assets measured by cost
When the equity instrument investments for which there is no quotation in the active market and
whose fair value cannot be measured reliably, or the derivative financial assets which are connected
with the said equity instrument and must be settled by delivering the said equity instrument are
impaired, should recognize the book value of the financial assets and the differences between the
current value recognized from the discounting according to the current market earnings rate of the
similar financial assets to the future cash flow as the impairment losses and record which in the
current gains and losses. And the occurred impairment losses once being recognized should not be
reversed.
(7) Transformation of the financial assets
The term “"transfer of a financial asset” refers to transferring or delivering a financial asset to a
party other than the issuer of the financial asset (the transferee).
Where the Company has transferred nearly all of the risks and rewards related to the ownership of
the financial asset to the transferee, it shall stop recognizing the financial asset. If it retained nearly
all of the risks and rewards related to the ownership of the financial asset, it shall not stop
recognizing the financial asset.
Where the Company does not transfer or retain nearly all of the risks and rewards related to the
ownership of a financial asset, it shall deal with it according to the circumstances as follows,
respectively: if it gives up its control over the financial asset, it shall stop recognizing the financial
asset; if it does not give up its control over the financial asset, it shall, according to the extent of its
continuous involvement in the transferred financial asset, recognize the related financial asset and
recognize the relevant liability accordingly.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
11. Receivables
(1) Accounts Receivable with Significant Single Amount for Which the Bad Debt Provision is Made
Individually
Individual material receivables are the top five largest receivables
Standard of significant single amounts or sum of receivables which account for 10% of ending balance of
accounts receivable.
As for the accounts receivable with significant single amount at
the period-end, could execute the impairment test individually. If
there was objective evidence to shows that it has been impaired,
Withdrawing method of provision for bad debts of significant
the impairment-related losses shall be recognized and shall be
single amounts
made bed debt provision according to the difference that the
current value of the future cash flow lowers than its book value
of the accounts receivable.
(2) Accounts Receivable Which the Bad Debt Provision is Withdrawn by Credit Risk Characteristics
Name of portfolios Bad debt provision method
In the groups, adopting aging analysis method to withdraw bad debt provision:
√ Applicable □ Not applicable
Withdrawal proportion for accounts Withdrawal proportion for other accounts
Age
receivable receivable
Within 1 year (including 1 year) 2.00% 2.00%
1-2 years 10.00% 10.00%
2-3 years 50.00% 50.00%
Over 3 years 80.00% 80.00%
3 to 4 years 80.00% 80.00%
4 to 5 years 80.00% 80.00%
Over 5 years 100.00% 100.00%
In the groups, adopting balance percentage method to withdraw bad debt provision:
□ Applicable √ Not applicable
In the groups, adopting other methods to withdraw bad debt provision:
□ Applicable √ Not applicable
(3) Accounts Receivable with an Insignificant Single Amount but for Which the Bad Debt Provision is
Made Individually
As for the accounts receivable with insignificant single amount at
Withdrawal method for bad debt provision
the period-end, could execute the impairment test individually.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
the impairment-related losses shall be calculated and recognized
and shall be made bed debt provision according to the proportion
of the accounts receivable portfolios that are accounts receivable
that didn’t incur impairment in individual test (including
accounts receivable with significant single amount and accounts
receivable with insignificant single amount ) and the accounts
receivable portfolios with similar credit risk characteristics to
closing balance.
12. Inventory
Whether the Company need to comply with the disclosure requirements of special industry?
No
(1) Inventory classification
The inventory of the Company classified as:
A. Real estate development products: developed products, development cost.
B. Non-real estate products: raw materials, products in production, stock merchandise, delivery
commodity, commission processing materials, etc.
(2) Method for inventory valuation
Inventories are valued at the lower of cost and net realizable value.
Real estate development product costs include land cost, construction costs and other costs.
Borrowing costs meet the capitalization conditions are also included in real estate development
product costs. Non-real estate development product costs include purchase cost, process cost and
other costs.
The raw materials acquired by the Company are measured according to the actual cost and the raw
materials, outside processing materials, goods in process and self-made semi-manufactured goods
adopt weighted average valuation when issued or received (winding wheel setting and jade
accessories adopt individual pricing).
(3) Confirmation of net realizable value of inventory and Recording method of provision for
inventory devaluation
At the end of the year, after overall check of the inventory, draw or adjust provision for inventory
devaluation according to the lower of the cost of inventory and net realizable values of inventory.
In normal operation process, net realizable values of commodities inventories for direct sales
including finished goods, commodities and materials for sales are determined by the estimated
selling prices minus the estimated selling expenses and relevant taxes and fees; In normal operation
process, net realizable values of materials that need further processing are determined by the
estimated selling prices of the finished goods minus estimated cost to completion, estimated selling
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
expenses and relevant taxes. For the inventory held to implement sales contract or work contract, its
net realizable value is calculated on the basis of contract price. For the balance of inventory beyond
the amount of the sales contract, its net realizable value is calculated on the basis of general selling
price.
Provision for inventory devaluation is provided for based on individual inventory item at end of the
period. For inventory that has large quantity and low unit price, the provision for inventory
devaluation is provided for based on categories of the inventory. For inventory related to the
products manufactured and sold in the same district, with same or similar use or purpose, and
difficult to account for separately from other items, the provision for inventory devaluation is
provided for on a consolidated basis.
When the factors that influence the decreased bookkeeping of inventory value have disappeared,
switch back from the provision for inventory devaluation amount that previously appropriated and
the amount that switched back is charged to profit or loss of current period.
(4) System of stock inventories
Perpetual inventory system is applied.
(5) Amortization for low cost and short lived articles and package materials
When consuming the low cost and short lived articles, the Company adopts the one-time
amortization method for amortization.
The turnover package materials should be recorded in the cost expenses according to the one-time
amortization method.
13. Divided as Assets Held for Sale
(1) Recognition standard of assets held for sale
The Company recognizes the non-current assets or the assets group that simultaneously meet with
the following conditions as the assets held for sale. The compose part must be immediately sold
only according to the usual terms of selling the compose part under the current conditions; the
enterprise had made resolution on the disposal of the compose part, if needed to receive the
approval from the shareholders according to the rules, should had acquired the approval from the
Annual General Meeting or the corresponding capability mechanism; the enterprise had signed the
irrepealably transfer agreement with the transferee; and the transfer should be completed within 1
year.
(2) Accounting treatment method of assets held for sale
As for the fixed assets held for sale, shall adjust its expected net salvage value that lead which
reflect the amount of the fair value minuses the disposal expenses but should not exceed the original
book value of the fixed assets when meet with the conditions held for sale and as for the difference
that the original book value higher than the expected net salvage after adjustment, should be
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
recorded in the current gains and losses as the losses of the assets impairment. As for the other
non-current assets held for sale, should be disposed by comparing the above principles, and the
non-current assets held for sale include the single assets and disposal group, while the disposal
group refers to a group of assets sold as a whole or disposed together by other methods.
(3) Liabilities in the disposal group of assets held for sale
As for the liabilities be divided in the disposal group held for sale, the Company lists which as the
liabilities among the disposal group held for sale. The long-term equity investment of this part
refers to the long-term equity investment owns the control, jointly control or the significant
influences on the investees of the Company. As for the long-term equity investment not owning the
control, jointly control or the significant influences on the investees of the Company, should be
regarded as the available-for-sale financial assets or be measured as the financial assets for
measurement by fair value with the changes be recorded in the current gains and losses, of which
the details of the accounting policies in Notes IV. 9 “Financial Instruments”.
14. Long-term Equity Investment
The long-term equity investments of this part refer to the long-term equity investments that the
Group has control, joint control or significant influence over the investees. The long-term equity
investment that the Group does not have control, joint control or significant influence over the
investees, should be recognized as available-for-sale financial assets or be measured by fair value
with the changes should be included in the financial assets accounting of the current gains and
losses.
(1) Recognition of investment costs
As for long-term equity investments acquired by enterprise merger, if the merger is under the same
control, the share of the book value of the owner’s equity of the merged enterprise, on the date of
merger, is regarded as the initial cost of the long-term equity investment. The difference between
the initial cost of the long-term equity investment and the payment in cash, non-cash assets
transferred as well as the book value of the debts borne by the merging party shall offset against the
capital reserve. If the capital reserve is insufficient to dilute, the retained earnings shall be adjusted
(If the consideration of the merging enterprise is that it issues equity securities, it shall, on the date
of merger, regard the share of the book value of the shareholder's equity of the merged enterprise on
the consolidated financial statement of the ultimate control party as the initial cost of the long-term
equity investment. The total face value of the stocks issued shall be regarded as the capital stock,
while the difference between the initial cost of the long-term equity investment and total face value
of the shares issued shall offset against the capital reserve. If the capital reserve is insufficient to
dilute, the retained earnings shall be adjusted. The equities of the combined party which
respectively acquired through multiple transaction under the same control that ultimately form into
the combination of the enterprises under the same control, should be disposed according whether
belongs to package deal; if belongs to package deal, each transaction would be executed accounting
treatment by the Company as a transaction of acquiring the control right. If not belongs to package
deal, it shall, on the date of merger, regard the enjoyed share of the book value of the shareholder's
equity of the merged enterprise on the consolidated financial statement of the ultimate control party
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as the initial cost of the long-term equity investment, and as for the difference between the initial
investment cost of the long-term equity investment and sum of the book value of the long-term
equity investment before the combination and the book value of the consideration of the new
payment that further required on the combination date, should adjust the capital reserve; if the
capital reserve is insufficient to dilute, the retained earnings shall be adjusted. The equity
investment held before the combination date which adopted the equity method for accounting, or
the other comprehensive income confirmed for the available-for-sale financial assets, should not
have any accounting disposal for the moment).
For the long-term investment required from the business combination under different control, the
initial investment cost regarded as long-term equity investment on the purchasing date according to
the combination cost, the combination costs shall be the sum of the fair values of the assets paid, the
liabilities incurred or assumed and the equity securities issued by the Company (The equities of the
acquirees which respectively acquired through multiple transaction that ultimately form into the
combination of the enterprises under the different control, should be disposed according whether
belongs to package deal; if belongs to package deal, each transaction would be executed accounting
treatment by the Company as a transaction of acquiring the control right. If not belongs to package
deal, the sum of the book value of the original held equity investment of the acquirees and the
newly added investment cost should be regarded as the initial investment cost of the long-term
equity investment that changed to be accounted by cost method. If the original held equity is
calculated by cost method, the other relevant comprehensive income would not have any accounting
disposal for the moment. If the original held equity investment is the financial assets available for
sale, its difference between the fair value and the book value as well as the accumulative changes of
the fair value that include in the other comprehensive income, should transfer into the current gains
and losses).
The commission fees for audit, law services, assessment and consultancy services and other
relevant expenses occurred in the business combination by the combining party or the purchase
party, shall be recorded into current profits and losses upon their occurrence; the transaction
expense from the issuance of equity securities or bonds securities which are as consideration for
combination by the combining party, should be recorded as the initial amount of equity securities
and bonds securities.
Besides the long-term equity investments formed by business combination, the other long-term
equity investments shall be initially measured by cost, the cost is fixed in accordance with the ways
of gaining, such as actual cash payment paid by the Group, the fair value of equity securities issued
by the Group, the agreed value of the investment contract or agreement, the fair value or original
carrying amount of exchanged assets from non-monetary assets exchange transaction, the fair value
of the long-term equity investments, etc. The expenses, taxes and other necessary expenditures
directly related with gaining the long-term equity investments shall also be recorded into investment
cost. The long-term equity investment cost for those could execute significant influences on the
investees because of appending the investment or could execute joint control but not form as control,
should be as the sum of the fair value of the original held equity investment and the newly added
investment cost recognized according to the No. 22 of Accounting Standards for Business
Enterprises—Recognition and Measurement of Financial Instrument.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(2) Subsequent measurement and recognition of gains or losses
Long-term equity investment measured by cost method
The long-term equity investment which the Company could execute the control on the investees,
should be measured by cost method and shall be included at its initial investment cost and append
as well as withdraw the cost of investing and adjusting the long-term equity investment.
As for the long-term equity investment measured by cost method, the return on investment at
current period shall be recognized in accordance with the cash dividend or profit announced to
distribute by the invested entity, except the announced but not distributed cash dividend or profit
included in the actual payment or consideration upon gaining the investment.
Long-term equity investment measured by equity method
As for the long-term equity investment of the joint ventures and the associated enterprises, the
Company adopts the equity method for measurement; as for the one part of the equity investment
that indirectly held by the joint ventures through the similar main bodies such as the venture capital
Institutions, mutual fund, trust company or the unit-linked Insurance funds, should be measured by
adopting fair value with the changes be recorded in the gains and losses.
If the initial cost of a long-term equity investment is more than the Company’s attributable share of
the fair value of the invested entity’s identifiable net assets for investment, the initial cost of the
long-term equity investment may not be adjusted. If the initial cost of a long-term equity investment
is less than the Company’s attributable share of the fair value of the invested entity’s identifiable net
assets for investment, the difference shall be included in the current profits and losses.
After the Company acquires the long-term equity investment, respectively recognize investment
income and other comprehensive income according to the net gains and losses as well as the portion
of other comprehensive income which should be enjoyed or be shared, and at the same time adjust
the book value of the long-term equity investment; corresponding reduce the book value of the
long-term equity investment according to profits which be declared to distribute by the investees or
the portion of the calculation of cash dividends which should be enjoyed; for the other changes
except for the net gains and losses, other comprehensive income and the owners’ equity except for
the profits distribution of the investees, should adjust the book value of the long-term equity
investment as well as include in the owners’ equities.
When executes the measurement on the long-term equity investment by the equity method, the
Company should adjust the net profits of the investees in the aspects such as the fair value,
accounting policies and accounting period of each identifiable asset of the investees when acquiring
firstly and secondly recognize the current investment gains and losses according to the net gains and
losses which should enjoyed or undertook of the investees.
For the unrealized profits or losses of internal transactions occurred among the Company and joint
ventures, the proportion attributable to the Company will be recognized based on the offset as the
investment gains and losses.
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Recognition of share of losses of the invested companies under the equity method is treated in the
following steps: First, reduce the book value of the long-term equity investment. Second, when the
book value is insufficient to cover the share of losses, investment losses are recognized up to a limit
of book values of other long-term equity which form net investment in substance by reducing the
book value of long term receivables, etc. Finally, after all the above treatments, if the Company is
still responsible for any additional liabilities in accordance with the provisions stipulated in the
investment contracts or agreements, estimated liabilities are recognized and charged into current
investment loss according to the liabilities estimated. If the invested company achieve profit in
subsequent periods, the treatment is in the reversed steps described above after deduction of any
unrecognized investment losses, i.e., reduce book value of estimated liabilities recognized, restore
book values of other long-term equity which form net investment in substance, and in long-term
equity investment, and recognize investment income at the same time.
Disposal of the long-term equity investment
When disposing of a long-term equity investment, the difference between its book value and the
actual purchase price shall be included in the current profits and losses. As for the long-term equity
investment measured by adopting the equity method, when disposing the investment, should adopt
the same basis as the investees when directly disposing the relevant assets or liabilities and execute
the accounting treatment on the part which originally be recorded in the other comprehensive
income according to the corresponding proportion. As for the owners’ equities recognized owning
to the changes of the other owners’ equities except for the net gains and losses, other comprehensive
income and the profits distribution of the investees, should be carried down in the current gains and
losses according to the proportion. If lost the jointly control or the significant influences on the
investees owning to the reasons such as disposing part of the equity investment, the retained
equities after the disposal should change to be recognized according to the financial instruments and
be measured by the measure criterion, with the difference between the fair value on the date losing
the jointly control or the significant influences and the book value, should be recorded in the current
gains and losses. As for the other comprehensive income recognized owning to the original equity
investment which be measured by adopting the equity method, should be executed the accounting
treatment bases on the same basis as directly disposing the relevant assets or liabilities by the
investees when terminating the measurement by adopting the equity method. And the owners’
equities recognized owning to the changes of the other owners’ equities except for the net gains and
losses, other comprehensive income and the profits distribution, should be totally transferred in the
current gains and losses when terminating the measurement by adopting the equity method.
As for those lost the control right on the investees owning to the reasons such as disposing part of
the equity investment, when preparing the individual financial statement, if the retained equities
after the disposal could execute the jointly control or significant influences on the investees, should
change to be measured by equity method and execute the adjustment of the retained equity by
regarding which as adopting the equity method for measurement the time when acquires; and if the
retained equities after the disposal could not execute the jointly control or significant influences on
the investees, should change to be recognized according to the financial instruments and be
executed the accounting treatment according to the relevant regulations of the measure criterion
with the difference between the fair value on the date lost the control and the book value, should be
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
recorded in the current gains and losses.
If the disposed equity is acquired by the enterprise merger owning to the reasons such as the
additional investment, when preparing the individual financial statement, as for the disposed
retained equities be measured by adopting the cost method or the equity method, the other
comprehensive income and the other owners’ equities recognized owning to the equity investment
which adopts the equity method for measurement before the purchase date should be carried
forward according to the proportion; as for the disposed retained equities change to be recognized
according to the financial instruments and be executed the accounting treatment according to the
measure criterion, the other comprehensive income and other owners’ equities should be totally
carried forward.
(3) Judgment criterion of the jointly control and significant influences
If the Company jointly control certain arrangement according to the relevant agreement with the
other participants and owns the activity decision-making with significant influences on the return of
the arrangement, which only exists through the consensus of the participants with enjoy and control
right, should regard the Company and other participants jointly control certain arrangement and the
arrangement is the joint venture arrangement.
As for the joint venture arrangement reaches through the individual main body, when judging the
Company enjoying the right on the net assets of the individual main body according to the relevant
agreement, should regard the individual main body as the joint venture and should measure which
by adopting the equity method. If the Company not enjoys the right on the net assets of the
individual main body according to the relevant agreement after the judgment, the individual main
body should be regarded as the jointly operation and the Company should recognize the projects
related to the interest shares of the joint operation and execute the accounting treatment according
to the regulations of the relevant ASBE.
The term “significant influence” means having the power to participate in the formulation of
financial and operating policies of an enterprise, but not the power to control or jointly control the
formulation of these policies together with other parties. The Company judges whether there are
significant influences on the investees through one or various situations of the following and
comprehensively considers all the facts and situations. (1) there are representatives assigned in the
Board of Directors or the similar capability mechanisms in the investees; (2) participates in the
decision-making process of the financial and operating policies of the investees; (3) there are
significant transactions with the investees; (4) sends the administrative staffs to the investees; (5)
provides the key technical materials to the investees.
(4) Impairment testing and impairment provision methods
On the balance sheet date, if there are similar situations such as the book value of the long-term
equity investment larger than the shares of the book value of the owners’ equities of the investees,
the Company should execute the impairment test of the long-term equity investment according to
the No. 8 of ASBE – Assets Impairment and as for the recoverable amount less than book value of
the long-term equity investment, should be withdrawn the impairment provision. As for the specific
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methods for withdrawing the assets impairment, please refer to Notes IV. 19.
15. Investment Real Estates
Measurement mode of investment real estates
Measurement of cost method
Depreciation or amortization method
Investment real estates refer to the real estate held for gaining the rental or the capital appreciation
or for both causes mentioned above, which includes the leased land use right, held-to-transferred
land use right after appreciation and the leased buildings.
The Company adopts cost mode measurement on the current investment real estates. For investment
properties and rental assets measured at the cost model, they will be implemented the same
depreciation policy similar to fixed assets, land use right for rental will be implemented the same
amortization policy to intangible assets; for those with the indication of impairment, the recoverable
amount can only be estimated, and if recoverable amount is lower than its book value, the
corresponding impairment loss should be confirmed.
16. Fixed Assets
(1) Conditions for Recognition
Fixed assets are tangible assets that are held for use in the production or supply of services, for
rental to others, or for administrative purposes; they have useful lives over one fiscal year. And they
shall be recognized only when both of the following conditions are satisfied: A. It is probable that
economic benefits associated with the assets will flow to the enterprise; B. The cost of the fixed
assets can be measured reliably.
(2) Depreciation Methods
Expected net salvage
Category of fixed assets Method Useful life Annual deprecation
value
Buildings and Average method of
35 years 5% 2.71%
constructions useful life
Average method of
Machinery equipment 10 years 5% 9.50%
useful life
Transportation Average method of
8 years 5% 11.88%
equipment useful life
Office equipment and Average method of
5 years 5% 19.00%
others useful life
Not applicable
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(3) Recognition Basis, Pricing and Depreciation Method of Fixed Assets by Finance Lease
The fixed assets gained from financing leasing, if could ensure reasonable to gain the ownership of
the leasing assets when the term expired, should withdraw the depreciation during the service
period of the leasing assets; if could not ensure reasonable to gain the ownership of the leasing
assets when the term expired, should withdraw the depreciation during the shorter period between
the leasing period and the service period of the leasing assets.
If the fixed assets gained from the financing leasing method met with the capitalization condition of
the remodeling expense, should average amortized according to the shortest period among the
period between the two decorations, the rest leasing period and the service period of the fixed
assets.
17. Construction in Progress
(1) Classification of construction in progress
The Construction in progress will be calculated based on the classification of proposed projects.
(2) Transfer time of construction in progress to fixed assets
For the construction in progress, all expenses occurring before they are ready for the use will be the
book values as the fixed assets. In case the construction in progress has been ready for use but the
final accounts for completion have not been handled, from the date when such projects has been
ready for use, the Company will evaluate the values and determine the costs based on the project
budgets, prices or actual costs of projects, etc and the depreciation amount will also be withdrawn;
when the final accounts for completion are handled, the Company will adjust the originally
evaluated values subject to the actual costs, but will not adjust the withdrawn depreciation amount.
18. Borrowing Expenses
(1) Confirmation principle of capitalization of borrowing expenses
In case the borrowing expenses occurring in the Company may directly be attributable to the
construction and productions of assets complying with the capitalization conditions, they will be
capitalized and accrued to the relevant capital costs; other borrowing expenses will be confirmed as
the expenses based on the actual amount at the time of occurrence and accrued to the current profit
or loss.
The assets complying with the capitalization conditions mean the assets such as fixed assets,
investment real estates and inventory, etc that need a long time of construction and production
activities before they are ready for use or for sales.
The borrowing expenses begin to be capitalized under the following circumstances:
A. The asset payment have been made which include the payment such as the paid cashes,
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transferred non-currency assets or borne liabilities with the interests to construct or produce the
assets complying with the capitalization conditions;
B. The borrowing expenses have occurred;
C. The necessary construction or production activities to make the assets ready for use or sales have
been launched.
In case during the construction or production period the assets complying with the capitalization
conditions are abnormally suspended and the suspension period exceeds 3 months continuously, the
capitalization of borrowing expenses will also be suspended.
The capitalization of borrowing expenses for the assets that have been constructed or produced and
are ready for use or sales will be stopped.
When parts of the purchased assets or assets whose production satisfies the capitalization conditions
are completed respectively and can be used individually, the capitalization of the borrowing
expenses of these parts will be stopped.
(2) Capitalization period of borrowing expenses
The capitalization period means the period from the moment that the borrowing expenses start to be
capitalized to the moment that the capitalization is stopped, which does not include the period that
the capitalization of borrowing expenses is suspended.
(3) Calculation method about capitalization amount of borrowing expenses
The interest expenses for special loans (after the deduction of interest income generated by the
unused loan capitals or the investment return obtained from the temporary investments) and
auxiliary expenses will be capitalized before the assets complying with the capitalization conditions
are ready for the expected use or sales.
The interest amount of general loans to be capitalized will be determined by multiplying the
weighted average amount of the asset payment by which the accumulated assets exceed the special
loans with the capitalization rate of general loans. The capitalization rate will be determined based
on the weighted average interest rate of general loans.
In case the loans have the discounts or premiums, the Company will adjust the interest amount in
each period based on the amortized discount and premium amount in each accounting period in
accordance with the actual interest rate method.
19. Biological Assets
Not applicable
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
20. Oil-gas Assets
21. Intangible Assets
(1) Pricing Method, Service Life and Impairment Test
Pricing method of the intangible assets
When acquiring, the intangible assets are generally recorded according to actual cost;
A. For those the price of intangible assets deferred paid exceed normal credit condition so
substantively has financing character, the cost of intangible assets is confirmed on the basis of
present value of purchasing price.
B. For fixed assets formed through obtaining them by the debtor paying for debt in debt restructure,
recognize its recording value as fair value of the fixed assets, and record the difference between the
carrying amounts of debt restructure and the fixed assets used for paying debt into current profit or
loss; in the circumstance of the non monetary assets exchange has commercial nature and fair value
of surrendered or received assets can be measured reliably, recording value of received assets
should be recognized as fair value of surrendered assets unless there is clear evidence to indicate
that fair value of received assets is more reliable; for non monetary assets exchange which doesn’t
meet the requirement of premise mentioned above, cost of received assets should be recognized as
carrying amount and related tax expenses payable of surrendered assets and should not be
recognized as profit or loss.
C. Recording value of fixed assets obtained by absorbing and consolidated by enterprise under the
common control should be recognized as carrying amount of the consolidated party; recording
value of fixed assets obtained by absorbing and consolidated by enterprise under different control
should be recognized as fair value.
Service life and amortization of the intangible assets
A. Estimation of useful life for intangible assets with finite useful life
At end of each year, the Company will recheck the useful life of intangible assets with the definite
useful life and amortization method will be rechecked.
According to the re-check, the useful life and amortization method of the intangible assets at the
end of the year are not different from those estimated before.
B. Amortization of the intangible assets:
In case their useful life is limited, the intangible assets are amortized evenly over the period in
which they produce economic profit for the Company; in case it is impossible to evaluate the useful
life when the intangible assets bring the benefits to enterprises, it will be deemed that the useful life
of such intangible assets is uncertain and amortization is not applicable and not execute the
amortization.
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(2) Accounting Policy for Internal Research and Development Expenditures
Not applicable
22. Long-term Assets Impairment
For the long-term non-current financial assets of the fixed assets, projects under construction and
intangible assets, the Company would judge whether decrease in value exists on the date of balance
sheet at every period-end. No matter whether there is any sign of possible assets impairment, the
business reputation formed by the merger of enterprises and intangible assets with uncertain service
lives shall be subject to impairment test every year.
If there is the sign of possible impairment of the assets, should estimate the recoverable amount:
(1) Where there is any evidence indicating a possible impairment of assets, the enterprise shall, on
the basis of single item assets, estimate the recoverable amount.
(2) Where it is difficult to do so, it shall determine the recoverable amount of the group assets on
the basis of the asset group to which the asset belongs.
(3) The recoverable amount shall be determined on the basis of the higher one of the net amount of
the fair value of the asset minus the disposal expenses and the current value of the expected future
cash flow of the asset
Where the recoverable amount of the assets is lower than its carrying value, the book value of the
assets should be written down to the recoverable amount with the written-down amount be
recognized as the impairment losses of the assets and record which in the current gains and losses as
well as at the same time withdraw the corresponding impairment provision of the assets.
After the recognition of the impairment losses of the assets, the depreciation or the amortization
expenses of the impairment assets should be corresponding adjusted in the future period to lead the
assets in the retained service life so that to systematically sharing the book value of the assets after
the adjustment (deducted the expected net salvage).
The impairment losses of the long-term non-current financial assets of the fixed assets, projects
under construction and intangible assets once being recognized should no longer be reversed in the
accounting period afterwards.
23. Long-term Expenses to be Amortized
Long-term expenses to be amortized will be averagely amortized in the benefit period, including:
(1) Prepaid rentals for operating leased fixed assets will be averagely amortized according to the
term stipulated in the lease contract.
(2) Fixed assets improvement expenses for operating leased fixed assets will be averagely
amortized according to the remaining lease period and the useful life of leased assets, whichever is
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
shorter.
24. Payroll
(1) Accounting Treatment of Short-term Compensation
Short-term compensation refers to the Company needs to pay all of the payroll for the employees
within 12 months after the end of the annual Reporting Period during which the employees provide
the relevant service and exclude the welfare after demission and the demission welfare. The
short-term compensation actually happened during the accounting period when the active staff
offering the service for the Company should be recognized as liabilities and is included in the
current gains and losses or relevant assets cost. During the accounting period the service workers
providing the service, the social insurance charges such as the medical treatment, industrial injury,
birth insurance and the housing fund paid for the employees by the Company as well as the labor
union expenditure and the personnel education fund withdrawn according to the regulations, should
be calculated the corresponding amount of the payroll according to the stipulated withdraw basis
and withdraw proportion
If the employee services and benefits is the non-monetary welfare, should be measured by fair
value.
(2) Accounting Treatment of the Welfare After Demission
Welfare after demission refers to various forms of the compensation and benefits provided by the
Company which receive the service from the employees after the retirement or the relief of the labor
relation with the enterprise of the service workers, except for the short-term compensation and
demission welfare. Welfare plan after demission is classified into defined contribution plans and
defined benefit plans.
A. Defined contribution plans
During the accounting period the service workers providing the service for the Company, the
Company should pay the basic endowment insurance and unemployment insurance for the
employees according to the relevant regulations of the local government and the payable amount
calculated according to the cardinal number of the payment as well as the proportion stipulated by
the local, should be recognized as the liabilities and record which in the current gains and losses or
the relevant assets cost.
The Company pays the fees for the local social insurance agencies according to the certain
proportion of the total amount of the staff salaries and the corresponding expenses should be
recorded in the current gains and losses or the relevant assets cost.
B. Defined benefit plans
The Company attributes the benefits obligations from the defined benefit plans according to the
formula recognized by the expected accumulative benefit units to the period the employees
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
providing the service and records which in the current gains and losses or the relevant assets cost.
The deficits or surplus formed from the current value of the defined benefit plans obligations
minuses the fair value of the defined benefit plans assets should be recognized as a net liability or
net assets of the defined benefit plans. If there is surplus of the defined benefit plans, the Company
should measure the net assets of the defined benefit plans according to the lower one between the
surplus and the assets of the defined benefit plans.
All the obligations of the defined benefit plans, including the obligations paid within 12 months
after the end of the expected annual Reporting Period the service workers providing the service,
should be discounted according to the national debt matched with the obligatory term of the defined
benefit plans and the currency on the balance sheet date or the market returns of the high-quality
company bonds on the active market.
The service cost from the defined benefit plans and the net liabilities or the net amount of the
interests of the net assets from the defined benefit plans should be recorded in the current gains and
losses or the relevant assets cost; the net liabilities of the defined benefit plans be remeasured or the
changes from the net assets should be recorded in the other comprehensive income and should not
be reversed to the gains and losses in the follow-up accounting period.
When settling the defined benefit plans, should recognize the settled gains or losses according to the
difference between the current value of the defined benefit plans recognized on the settlement date
and the settlement price.
(3) Accounting Treatment of the Demission Welfare
Demission welfare which refers to that the Company cancels the labor relationship with any
employee prior to the expiration of the relevant labor contract or brings forward any compensation
proposal for the purpose of encouraging the employee to accept a layoff was recorded into current
gains and losses in the Current Period. When the Company cannot unilaterally withdraw the earlier
one between the demission welfare provided owning to the relieve of the labor relation plans or the
reduction advices and the recognition of the cost or expenses related to the reorganization involved
with the payment of the demission welfare, the liabilities of the employee compensation from the
demission welfare should be recognized and be recorded in the current gains and losses.
(4) Accounting Treatment of the Welfare of Other Long-term Staffs
Not applicable
25. Estimated Liabilities
(1) Recognition principles:
Only if the obligation pertinent to a contingencies such as external guarantee, unsettled lawsuits or
arbitrations, quality guarantee of the products, losses contracts, restructuring obligations, retirement
obligations of fixed assets shall be recognized as an estimated debts when the following conditions
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
are satisfied simultaneously:
A. That obligation is a current obligation of the Company;
B. It is likely to cause any economic benefit to flow out of the Company as a result of performance
of the obligation; and
C. The amount of the obligation can be measured in a reliable way.
(2) Measurement methods:
The Company shall measure the estimated debts in accordance with the best estimate of the
necessary expenses for the performance of the current obligation.
When recognizing the current best estimate, the Company should comprehensive consider the
elements such as the risks, uncertainty and currency time and value of the contingencies.
The best estimate should be respectively disposed according to the following situations:
A. If there is a sequent range (or section) for the necessary expenses and if all the outcomes within
this range are equally likely to occur, the best estimate shall be determined in accordance with the
middle estimate which is equaled to the average amount of the bound amount within the range.
B. When there is not a sequent range (or section) for the necessary expenses, or there is a sequent
range but the possibility of various kinds of results happed would be different within the range, so if
the contingencies concern a single item, the best estimate shall be determined in the light of the
most likely outcome; and if the contingencies concern two or more items, the best estimate should
be calculated and determined in accordance with all possible outcomes and the relevant
probabilities.
When all or some of the expenses necessary for the liquidation of an estimated debts of an
enterprise is expected to be compensated by a third party, the compensation should be separately
recognized as an asset when it is virtually certain that the reimbursement will be obtained and the
amount recognized for the reimbursement should not exceed the book value of the estimated debts.
26. Share-based Payment
Not applicable
27. Other Financial Instruments Such as Preferred Shares and Perpetual Capital Securities
Not applicable
28. Revenue
Whether the Company needs to comply with the disclosure requirements of special industry?
No
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(1) Sales of goods
Revenue from the sale of goods is recognized when the enterprise has transferred to the buyer the
significant risks and rewards of ownership of the goods; the enterprise retains neither continuing
managerial involvement to the degree usually associated with ownership nor effective control over
the goods sold; it is probable that the economic benefits associated with the transaction will flow to
the enterprise; and the relevant amount of revenue and costs can be measured reliably.
Real estate sales will be confirmed the realization of revenue thereof upon the complete and
acceptance of real estate, meeting the delivery terms of sales contract, and obtaining the proof of
payment made by the purchasers according to the agreement under the contract on delivering real
estate (usually after receiving the first phase of sales contract payment and confirming the payment
arrangements of the remaining).
(2) Providing service
In case on the preparation date of balance sheet the results about service transaction can be reliably
evaluated, the labor income will be confirmed by the completion percentage method. The
completed percentage of service transactions is determined by the measurement of finished work
(or the proportion of services performed to date to the total services to be performed, or the
proportion of costs incurred to date to the estimated total costs).
The Company will determine the total amount of rendering of service based on the prices in
contracts and agreements that have been received or will be receivable, except that such prices are
not fair. On the balance sheet date, the current labor incomes will be determined based on the
amount after the total labor income amount multiplied by the completion progress deducts the
accumulated labors in the past accounting periods. At the same time, the current labor incomes will
be carried forward based on the amount after the estimated total labor cost multiplied by the
completion progress deducts the accumulated labors in the past accounting periods.
In case the service transaction results on the preparation date of balance sheet cannot be reliably
evaluated, they will be determined in the following methods:
A. In case the service costs that have occurred can be compensated, the service income will be
confirmed based on such service costs and the same amounts will be settled as the service costs.
B. In case the service costs that have occurred cannot be compensated, such service costs will be
accrued to the current profit or loss and will not be confirmed as the service costs.
(3) Use right of transferred assets
In case the economic benefits related to the transaction will probably flow into the enterprise and
the income amounts can be reliably calculated, the Company will determine the income amount
about use right of transferred assets by the following means:
A. The interest income amount will be calculated and determined based on the use time of currency
capital from the Company by others and actual interest rate.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
B. The income amount of use expenses will be calculated and determined subject to the charging
time and method agreed in the relevant contracts and agreements.
29. Government Subsidies
(1) Judgment Basis and Accounting Treatment of Government Subsidies Related to Assets
Government grants refer to monetary assets or non-monetary assets obtained free by a company
from the government, but not include the capital invested by government as a business owner.
The government grants should be recognized when simultaneously met with the following
conditions:
A. The Company can meet the conditions for the government subsidies;
B. The enterprise can obtain the government subsidies.
Government grants related to assets are recognized as deferred income and are averagely distributed
in the life of relevant assets, and recorded to current profit or loss.
(2) Judgment Basis and Accounting Treatment of Government Subsidies Related to Income
Government grants related to income are handled under the following circumstances:
A. If such grants are used to compensate for relevant costs and losses of the company during later
periods, they will be recognized as deferred income and recorded to current profit or loss upon
recognizing related costs;
B. If such grants are used to compensate for relevant costs and losses occurred of the company, they
will be directly through current profit or loss.
30. Deferred Income Tax Assets/Deferred Income Tax Liabilities
Corporate income tax will be calculated by liability method of the balance sheet.
The company’s tax base will be determined upon the company obtains the assets or liabilities; on
the balance sheet date, take the balance sheet as the basis, and if the book value of related assets or
liabilities are different to the tax bases provided by tax laws, it will calculate and confirm the
deferred income tax assets or deferred income tax liabilities occurred in accordance with the
provisions of tax laws, which effect will be included in current income tax expense.
The company is subject to the limit of the amount of taxable income likely to be used to offset
temporary difference, thus confirms the deferred income tax asset produced by the deductible
temporary difference.
In addition to the cases specified under income guidelines that no need to confirm the deferred
income tax liabilities, the company should recognize related deferred income tax liabilities for all
taxable temporary differences.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
31. Lease
(1) Accounting Treatment of Operating Lease
If the terms of the lease will be transferred to the lessee substantially together with all the risks and
rewards related to the ownership of leased assets, then the lease is a finance lease, and other lease is
operating lease.
(1) The Company as the leaser
As for the rent expenses from operating leases, the Company recognizes the current gains and losses
by using the straight-line method over each period of the lease term. The initial direct costs shall be
recognized as the profits and losses of the current period
(2) The Company as the leasee
The Company uses depreciation policy consistent with its own fixed assets to make provision for
depreciation of leased assets.
For rent in operating leases, the Company will use the straight-line method to record it into the cost
of relevant assets or current profit or loss in each period during the lease term; and initial direct
costs occurred will be through current profit or loss.
Rent in operating leases will be recorded into the cost of relevant assets or current profit or loss in
each period during the lease term.
(2) Accounting Treatments of Finance Lease
The Company as the leaser
In finance lease, at the lease beginning date, the Company takes the minimum lease receipt and the
initial direct costs as the entry value of finance lease receivable, and records the unguaranteed
residual value; and the difference between the sum of minimum lease receipt, initial direct costs and
unguaranteed residual value and its present value is recognized as unrealized finance income. For
unrealized finance income each period during the lease term, it will use the effective interest
method to confirm the current financing income.
The Company as the leasee
In finance lease, at the lease beginning date, the Company will take the lower of the fair value of the
leased assets and the present value of minimum lease payment as the entry value of leased assets,
and take the minimum lease payment as the entry value of long-term payables, and their difference
will be as unrecognized finance cost. Initial direct costs are included in the value of leased assets.
For unrecognized finance income each period during the lease term, it will use the effective interest
method to confirm the current financing cost.
32. Other Significant Accounting Policies and Estimates
Not applicable
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
33. Changes in Main Accounting Policies and Estimates
(1) Change of Accounting Policies
□ Applicable √ Not applicable
(2) Significant Changes in Accounting Estimates
□ Applicable √ Not applicable
34. Other
Not applicable
VI. Taxation
1. Main Taxes and Tax Rate
Category of taxes Tax basis Tax rate
VAT Revenue of product 17
Consumption tax Revenue of sale of taxable product 5
Consumption tax, VAT and business tax
Urban maintenance and construction tax 7
the taxpayer actually paid
Corporate income tax Income tax payable 25
Revenue of sales of real estate (after May
VAT 5
1, 2016, apply a simplified method)
Revenue of sales of real estate (before
Business tax 5
April 30, 2016)
Notes of the disclosure situation of the taxpaying bodies with different enterprises income tax rate
Name Income tax rate
2. Tax Preference
3. Other
1. The Company implements the uniform tax rebate policy of export, i.e. the export is exempt from
VAT and the input-VAT of goods is refunded with refund rate according to relevant rules before
export in accordance with the requirements of tax law.
2. Since January 1, 2008, other subsidiaries of the Company has adopted the applicable income tax
rate of 25%, except for those company established in the below-mentioned districts.
Companies established in Hong Kong SAR are entitled to a profits tax rate of 16.5%.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
VII. Notes on Major Items in Consolidated Financial Statements of the Company
1. Monetary Funds
Unit: RMB
Item Closing balance Opening balance
Cash on hand 525,024.48 49,087.45
Bank deposits 6,491,008.82 123,834,488.84
Other monetary funds 2,174.58 3,400.53
Total 7,018,207.88 123,886,976.82
Of which: total amount deposited in
4,308.67 39,715.34
overseas
Other notes:
There was no any account pledged, frozen or with potential recovery risks of the Company at the
period-end.
2. Financial Assets Measured by Fair Value and the Changes be Included in the Current Gains and Losses
Unit: RMB
Item Closing balance Opening balance
Trading financial assets 9,977,189.76 15,499,631.52
Equity tool investment 9,977,189.76 15,499,631.52
Total 9,977,189.76 15,499,631.52
Other notes:
3. Derivative Financial Assets
□ Applicable √ Not applicable
4. Notes Receivable
(1) Notes Receivable Listed by Category
Unit: RMB
Item Closing balance Opening balance
(2) Notes Receivable Pledged by the Company at the Period-end
Unit: RMB
Item Pledged amount at the period-end
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(3) Notes Receivable which had Endorsed by the Company or had Discounted and had not Due on the
Balance Sheet Date at the Period-end
Unit: RMB
Amount of recognition termination at the Amount of not terminated recognition at
Item
period-end the period-end
(4) Notes Transferred to Accounts Receivable Because Drawer of the Notes Fails to Executed the Contract
or Agreement
Unit: RMB
Item Transferred accounts receivable amount at the period-end
Other notes:
5. Accounts Receivable
(1) Accounts Receivable Disclosed by Category
Unit: RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Withdra
Book
Proportio wal Proportio Withdrawal Book value
Amount Amount value Amount Amount
n proportio n proportion
n
Accounts receivable
with significant
single amount for 10,072,1 10,072,1 10,212, 10,212,50
33.33% 100.00% 18.30% 100.00%
which bad debt 46.03 46.03 506.65 6.65
provision separately
accrued
Accounts receivable
withdrawal of bad
19,733,6 1,345,83 18,387,84 45,174, 1,617,034 43,557,743.
debt provision of by 65.30% 6.82% 80.96% 3.58%
77.94 4.35 3.59 777.63 .35 28
credit risks
characteristics:
Accounts receivable
with insignificant
single amount for 414,548. 414,548. 414,548 414,548.5
1.37% 100.00% 0.74% 100.00%
which bad debt 51 51 .51 1
provision separately
accrued
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
30,220,3 11,832,5 18,387,84 55,801, 12,244,08 43,557,743.
Total 100.00% 39.15% 100.00% 21.94%
72.48 28.89 3.59 832.79 9.51 28
Accounts receivable with single significant amount and withdrawal bad debt provision separately at end of period
√ Applicable □ Not applicable
Unit: RMB
Accounts receivable Closing balance
(classified by units) Account receivable Bad debt provision Withdrawal proportion Withdrawal reason
Long-term credit, the
Victoria
5,847,841.40 5,847,841.40 100.00% Company believe it
International(USA) INC
irrecoverable
Long-term credit, the
Hong Kong Jinhua Trade
4,224,304.63 4,224,304.63 100.00% Company believe it
Limited
irrecoverable
Total 10,072,146.03 10,072,146.03 -- --
In the groups, accounts receivable adopting aging analysis method to withdraw bad debt provision:
√ Applicable □ Not applicable
Unit: RMB
Closing balance
Aging
Account receivable Bad debt provision Withdrawal proportion
Sub-item within 1 year
Subtotal within 1 year 18,990,846.30 617,438.92 3.25%
1 to 2 years 14,442.76 1,444.28 10.00%
2 to 3 years 2,155.24 1,077.62 50.00%
Over 3 years 726,233.64 725,873.53 99.95%
Total 19,733,677.94 1,345,834.35 6.82%
Notes of confirming the basis of the groups:
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision
□ Applicable √ Not applicable
In the groups, accounts receivable adopting other methods to withdraw bad debt provision:
(2) Accounts Receivable Withdraw, Reversed or Collected during the Reporting Period
The withdrawal amount of the bad debt provision during the Reporting Period was of RMB 0.00; the amount of the reversed or
collected part during the Reporting Period was of RMB 411,560.62.
Significant amount of reversed or recovered bad debt provision:
Unit: RMB
Name of the entity Amount Method
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(3) The Actual Write-off Accounts Receivable
Unit: RMB
Item Amount
Of which the significant write-off accounts receivable:
Unit: RMB
Whether produced
Name Nature Amount Reason Procedure by related
transaction
Notes of accounts receivable write-off:
(4) Top 5 of the Closing Balance of the Accounts Receivable Collected According to the Arrears Party
Name Amount Bad debt Proportion
provision %
Shanghai Zhaoke Trading Co., Ltd 18,384,868.25 615,537.83 60.84
Victoria International(USA) INC 5,847,841.40 5,847,841.40 19.35
Hong Kong Jinhua Trade Limited 4,224,304.63 4,224,304.63 13.98
Hong Kong Heyi Co., Ltd 452,499.70 452,499.70 1.50
Chen Shunqin 335,904.80 335,904.80 1.11
Total 29,245,418.78 11,476,088.36 96.78
(5) Account Receivable which Terminate the Recognition Owning to the Transfer of the Financial Assets
(6) The Amount of the Assets and Liabilities Formed by the Transfer and the Continues Involvement of
Accounts Receivable
Other notes:
6. Prepayment
(1) List by Aging Analysis
Unit: RMB
Closing balance Opening balance
Aging
Amount Proportion Amount Proportion
Within 1 year 8,504,750.72 100.00% 207,424.73 207,424.73%
Total 8,504,750.72 -- 207,424.73 --
Notes of the reasons of the prepayment ages over 1 year with significant amount but failed settled in time:
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(2) Top 5 of the Closing Balance of the Prepayment Collected According to the Prepayment Target
Name of the entity Closing amount Proportion (%) Time Reason
Shenzhen Zhaokang Investment 7,753,398.40 91.17 Y2017 The contract is not
Co., Ltd fulfilled
Shanghai Jiancheng Trading Co., 350,000.00 4.12 Y2017 The contract is not
Ltd fulfilled
Shandong Humon Smelting Co., 199,567.19 2.35 Y2017 The contract is not
Ltd. fulfilled
Shenzhen Wenxing Industrial Co., 76,331.63 0.90 Y2017 The contract is not
Ltd fulfilled
Mcs Outfitters (Shanghai) Limited 37,846.19 0.45 Y2017 The contract is not
fulfilled
Total 8,417,143.41 98.99
Other notes:
7. Interest Receivable
(1) Category of Interest Receivable
Unit: RMB
Item Closing balance Opening balance
(2) Significant Overdue Interest
Impairment or not and its
Borrowing unit Closing balance Time Reason
judgment basis
Other notes:
8. Dividend Receivable
(1) Dividend Receivable
Unit: RMB
Item (or investee unit) Closing balance Opening balance
(2) Significant Dividend Receivable with Aging over 1 Year
Unit: RMB
Impairment or not and its
Item (or investee unit) Closing balance Aging Reason
judgment basis
Other notes:
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
9. Other Accounts Receivable
(1) Other Accounts Receivable Disclosed by Category
Unit: RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Withdra
Book
Proportio wal Proportio Withdrawal Book value
Amount Amount value Amount Amount
n proportio n proportion
n
Other accounts
receivable with
significant single 40,333,6 2,331,60 38,002,01 40,333, 2,331,608 38,002,013.
67.68% 5.78% 80.26% 5.78%
amount for which 22.03 8.20 3.83 622.03 .20 83
bad debt provision
separately accrued
Other accounts
receivable withdrawn
16,481,7 3,401,84 13,079,86 6,822,6 3,401,847 3,420,834.9
bad debt provision 27.66% 20.64% 13.58% 49.86%
14.35 7.86 6.49 82.78 .86 2
according to credit
risks characteristics
Other accounts
receivable with
insignificant single 2,780,16 2,780,16 3,096,6 2,780,160
4.66% 100.00% 6.16% 89.78% 316,536.00
amount for which 0.81 0.81 96.81 .81
bad debt provision
separately accrued
59,595,4 8,513,61 51,081,88 50,253, 8,513,616 41,739,384.
Total 100.00% 14.29% 100.00% 16.94%
97.19 6.87 0.32 001.62 .87 75
Other accounts receivable with single significant amount and withdrawal bad debt provision separately at end of period：
√ Applicable □ Not applicable
Unit: RMB
Closing balance
Other accounts
Other accounts
receivable (unit) Bad debt provision Withdrawal proportion Withdrawal reason
receivable
Long-term credit, the
Refund of tax for export
2,331,608.20 2,331,608.20 100.00% Company believe it
receivable
irrecoverable
Puning Tianhe Weaving The amount had been
38,002,013.83
& Garments Factory Co., collected by Jadiete
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Ltd. Holding Group.
Total 40,333,622.03 2,331,608.20 -- --
In the groups, other accounts receivable adopting aging analysis method to withdraw bad debt provision:
√ Applicable □ Not applicable
Unit: RMB
Closing balance
Aging
Other accounts receivable Bad debt provision Withdrawal proportion
Sub-item within 1 year
Subtotal within 1 year 12,865,021.19 62,119.80 0.48%
1 to 2 years 141,526.37 14,152.63 10.00%
2 to 3 years 50,790.42 25,395.22 50.00%
Over 3 years 3,424,376.37 3,300,180.21 96.37%
Total 16,481,714.35 3,401,847.86 20.64%
Notes:
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable √ Not applicable
In the groups, other accounts receivable adopting other methods to withdraw bad debt provision:
□ Applicable √ Not applicable
(2) Bad Debt Provision Withdrawal, Reversed or Collected during the Reporting Period
The withdrawal amount of the bad debt provision during the Reporting Period was of RMB0.00; the amount of the reversed or
collected part during the Reporting Period was of RMB0.00.
Of which the significant amount of the reversed or collected part during the Reporting Period:
Unit: RMB
Name of the entity Reversed or collected amount Method
(3) The Actual Write-off Other Accounts Receivable
Unit: RMB
Item Amount
Of which the significant write-off other accounts receivable:
Unit: RMB
Whether produced
Name Nature Amount Reason Procedure by related
transaction
Notes of other accounts receivable write-off:
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(4) Other Account Receivable Classified by Account Nature
Unit: RMB
Nature Closing book balance Opening book balance
The cash pledge and guarantee 120,960.00 319,536.00
Payment on behalf 467,381.47 2,948,349.86
Intercourse funds 18,673,533.69 6,651,363.25
Bonus 38,002,013.83 38,002,013.83
Tax 2,331,608.20 2,331,738.68
Total 59,595,497.19 50,253,001.62
(5) Top 5 of the Closing Balance of the Other Accounts Receivable Collected According to the Arrears
Party
Unit: RMB
Closing balance of
Name of the entity Nature Closing balance Aging Proportion%
bad debt provision
Puning Tianhe
Weaving &
Bonus 38,002,013.83 Within 1 year 63.77%
Garments Factory
Co., Ltd.
Puning Yanlilai
Intercourse funds 12,000,000.00 Within 1 year 20.14%
Trade Co., Ltd
Refund of tax for
export Tax 2,331,608.20 Over 5 years 3.91% 2,331,608.20
receivable-VAT
Suning Banhe
Chemical Fiber
Intercourse funds 800,000.00 Over 5 years 1.34% 800,000.00
Fabric Simulation
Co., Ltd.
Guangzhou Panyu
Tanzhou Zhenyu
Intercourse funds 800,000.00 Over 5 years 1.34% 800,000.00
Textile Printing and
Dyeing Co., Ltd
Total -- 53,933,622.03 -- 90.50% 3,931,608.20
(6) Accounts Receivable Involved with Government Subsidies
Unit: RMB
Name of the units Projects name Closing balance Closing aging Estimated time, amount
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
and basis
(7) Other Account Receivable which Terminate the Recognition Owning to the Transfer of the Financial
Assets
(8) The Amount of the Assets and Liabilities Formed by the Transfer and the Continues Involvement of
Other Accounts Receivable
Other notes:
10. Inventory
Whether the Company needs to comply with the disclosure requirements of the real estate industry
No
(1) Category of Inventory
Unit: RMB
Closing balance Opening balance
Item Falling price Falling price
Book balance Book value Book balance Book value
reserves reserves
Raw materials 3,538,001.64 3,538,001.64
Inventory goods 111,017,060.77 111,017,060.77 47,695,584.06 47,695,584.06
Commissioned
processing 18,861,349.18 18,861,349.18
materials
Delivery
8,382,148.92 8,382,148.92
commodity
Total 114,555,062.41 114,555,062.41 74,939,082.16 74,939,082.16
Whether the Company needs to comply with the disclosure requirements of Shenzhen Stock Exchange Industry Information
Disclosure Guidelines No. 4 - Listed companies engaged in seed industry and planting business
No
(2) Falling Price Reserves of Inventory
Unit: RMB
Increased amount Decreased amount
Item Opening balance Reverse or Closing balance
Withdrawal Other Other
write-off
No such case in Reporting Period
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(3) Notes of the Closing Balance of the Inventory which Includes Capitalized Borrowing Expenses
There was no closing balance of the inventory which includes capitalized borrowing expenses
(4) Completed Unsettled Assets Formed From the Construction Contact at the Period-end
Unit: RMB
Item Amount
Other notes:
11. Assets Divided as Held-to-sold
Unit: RMB
Estimated disposal
Item Closing book value Fair value Estimated disposal time
expense
Other notes:
12. Non-current Assets Due Within 1 Year
Unit: RMB
Item Closing balance Opening balance
Other notes:
13. Other Current Assets
Unit: RMB
Item Closing balance Opening balance
Input tax to be verified 15,714,694.76 9,985,213.09
Total 15,714,694.76 9,985,213.09
Other notes:
Ministry of Finance issued Regulations of VAT Accounting Treatment (CK [2016] No. 22) on
December 3, 2016, which specifically required that debit balance at the period-end of classification
item, such as “VAT payable”, “unpaid VAT”, “input tax to be deducted”, and “input tax to be
verified” in the course of “tax payable” should be listed in the item of “other current assets” or
“other non-current assets” of balance sheet according to the situations. Credit balance at the
period-end of course, like “tax payable—tax to be written-off” should be listed in the item of “other
current liabilities” or “other non-current liabilities” of balance sheet according to the situations.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
14. Available-for-sale Financial Assets
(1) List of Available-for-sale Financial Assets
Unit: RMB
Closing balance Opening balance
Item Depreciation Depreciation
Book balance Book value Book balance Book value
reserves reserves
(2) Available-for-sale Financial Assets Measured by Fair Value at the Period-end
Unit: RMB
Category of the
Available-for-sale equity Available-for-sale
available-for-sale Total
instruments liabilities instruments
financial assets
(3) Available-for-sale Financial Assets Measured by Cost at the Period-end
Unit: RMB
Book balance Depreciation reserves Shareholdi Cash
ng bonus of
Investee Period-beg Period-beg proportion the
Increase Decrease Period-end Increase Decrease Period-end
in in among the Reporting
investees Period
(4) Changes of the Impairment of the Available-for-sale Financial Assets during the Reporting Period
Unit: RMB
Category of the
Available-for-sale equity Available-for-sale
available-for-sale Total
instruments liabilities instruments
financial assets
(5) Relevant Notes of the Fair Value of the Available-for-sale Equity Instruments which Seriously Fell or
Temporarily Fell but not Withdrawn the Impairment Provision
Unit: RMB
Item of
Falling range of Withdrawn Reason of not
available-for-sale Fair value of the Continued falling
Investment cost the fair value amount of withdrawn the
equity period-end time (month)
against the cost impairment impairment
instruments
Other notes:
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
15. Investment Held-to-maturity
(1) List of Investment Held-to-maturity
Unit: RMB
Closing balance Opening balance
Item Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
(2) Significant Investment Held-to-maturity at the End of the Reporting Period
Unit: RMB
Item Book value Coupon rate Actual interest rate Due date
(3) The Current Reclassified Investment Held-to-maturity
Other notes
16. Long-term Accounts Receivable
(1) List of Long-term Accounts Receivable
Unit: RMB
Closing balance Opening balance
Interval of
Item Provision for Provision for
Book balance Book value Book balance Book value discount rate
impairment impairment
(2) Long-term Accounts Receivable Derecognized for the Transfer of Financial Assets
(3) Amount of Assets and Liabilities Generated from the Transfer of Long-term Accounts Receivable and
Continuous involvement
Other notes
17. Long-term Equity Investment
Unit: RMB
Increase/decrease Closing
Additiona Gains and Adjustme Cash Withdraw balance
Opening Reduced Changes Closing
Investees l losses nt of bonus or al of of
balance investmen of other Other balance
investmen recognize other profits impairme impairme
t equity
t d under comprehe announce nt nt
104
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
the equity nsive d to issue provision provision
method income
I. Joint ventures
II. Associated enterprises
Shenzhen
Shenguor
ong 149,998,2 150,014,5
16,324.24
Financing 21.71 45.95
Guarantee
Co., Ltd.
Shenzhen
Future
Growing
Business 120,000,0 120,000,7
729.98
Fund 00.00 29.98
(Limited
Partnershi
p)
149,998,2 120,000,0 270,015,2
Subtotal 17,054.22
21.71 00.00 75.93
149,998,2 120,000,0 270,015,2
Total 17,054.22
21.71 00.00 75.93
Other notes
The 7th meeting of 7th board of directors held on Jan. 17, 2017, reviewed and passed the Proposal of
participating and establishing a merger and acquisition fund: Shenzhen Future Growing Business
Fund (Limited Partnership). The company participated and established the merger and acquisition
fund: Shenzhen Future Growing Business Fund (Limited Partnership) with RMB 12 million on Mar.
14, 2017. After capital increase, the company takes up 30% of Shenzhen Future Growing Business
Fund (Limited Partnership). For details please see (1) in Note XII.
18. Investment Property
(1) Investment Property Adopting the Cost Measurement Mode
□ Applicable √ Not applicable
(2) Investment Property Adopting Fair Value Measurement Mode
□ Applicable √ Not applicable
105
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(3) Details of Investment Property without Certificate of Property Right
Unit: RMB
Item Book value Reason
Other notes
19. Fixed Assets
(1) List of Fixed Assets
Unit: RMB
Houses and Machinery Transportation Electronic and other
Item Total
buildings equipment equipment equipment
I. Original book
value
1. Opening
75,424,039.96 3,638,278.11 1,525,484.27 80,587,802.34
balance
2. Increased
amount of the period
(1) Purchase
(2) Transfer of
construction in
progress
(3) Increased
from enterprise
merger
3. Decreased
amount of the period
(1) Disposal or
Scrap
4. Closing balance 75,424,039.96 3,638,278.11 1,525,484.27 80,587,802.34
II. Accumulative
34,343,519.23 1,883,250.46 348,671.27 36,575,440.96
depreciation
1. Opening
balance
2. Increased
998,532.90 174,998.94 136,359.01 1,309,890.85
amount of the period
106
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(1) Withdrawal 998,532.90 174,998.94 136,359.01 1,309,890.85
3. Decreased
amount of the period
(1) Disposal or
Scrap
4. Closing balance 35,342,052.13 2,058,249.40 485,030.28 37,885,331.81
III. Depreciation
reserves
1. Opening
balance
2. Increased
amount of the period
(1) Withdrawal
3. Decreased
amount of the period
(1) Disposal or
Scrap
4. Closing balance
IV. Book value
1. Closing book
35,342,052.13 2,058,249.40 485,030.28 37,885,331.81
value
2. Opening book
41,080,520.73 1,755,027.65 1,176,813.00 44,012,361.38
value
(2) List of Temporarily Idle Fixed Assets
Unit: RMB
Accumulative Impairment
Item Original book value Book value Notes
depreciation provision
Houses and
20,962,955.00 11,625,378.60 9,337,576.40
buildings
(3) Fixed Assets Leased in from Financing Lease
Unit: RMB
107
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Accumulative
Item Original book value Impairment provision Book value
depreciation
(4) Fixed Assets Leased out from Operation Lease
Unit: RMB
Item Closing book value
(5) Details of Fixed Assets without Certificate of Property Right
Unit: RMB
Item Book value Reason
Other notes
①Current period depreciation: RMB 1,309,890.85
②Original price of fixed assets changed from projects under construction in current period.
③In current period, the situation of fixed assets being used as guaranties: on Jun. 30, 2017, houses
and buildings with a book value of RMB 9,337,576.40 (original value: RMB 20,962,955.00) are
used to provide guaranty to ICBC Jieyang Rongcheng Sub-branch. Please see 2 (1) in Note XI.
④In current period, “disposal or crapping” of “houses and buildings”, please see Note XIII for
details.
20. Construction in Progress
(1) List of Construction in Progress
Unit: RMB
Closing balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
(2) Changes of Significant Construction in Progress
Unit: RMB
Of
Amount Proporti
Accumul which:
that on Capitaliz
Other ative the
transferr estimate ation rate
Estimate decrease amount amount
Name o f Opening ed to Closing d of the Project of the Capital
d Increase d amount of of the
item balance fixed balance project progress interests resources
number of the capitaliz capitaliz
assets of accumul of the
period ed ed
the ative period
interests interests
period input
of the
108
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
period
(3) List of the Withdrawal of the Impairment Provision of the Construction in Progress
Unit: RMB
Item Amount of provision Reason of provision
Other notes
21. Engineering Material
Unit: RMB
Item Closing balance Opening balance
Other notes:
22. Liquidation of Fixed Assets
Unit: RMB
Item Closing balance Opening balance
Other notes:
23. Productive Biological Assets
(1) Productive Biological Assets Adopting Cost Measurement Mode
□ Applicable √ Not applicable
(2) Productive Biological Assets Adopting Fair Value Measurement Mode
□ Applicable √ Not applicable
24. Oil and Gas Assets
□ Applicable √ Not applicable
25. Intangible Assets
(1) List of Intangible Assets
Unit: RMB
Item Land use right Patent right Non-patent right 373,115.00 Total
I. Original book
value
109
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
1. Opening
13,863,200.00 373,115.00 14,236,315.00
balance
2. Increased
amount of the period
(1) Purchase
(2) Internal R
&D
(3) Increased
from enterprise
merger
3. Decreased
amount of the period
(1) Disposal
4. Closing
13,863,200.00 373,115.00 14,236,315.00
balance
II. Total accrued
amortization
1. Opening
4,507,779.24 373,115.00 4,880,894.24
balance
2. Increased
138,631.92 138,631.92
amount of the period
(1)
138,631.92 138,631.92
Withdrawal
3. Decreased
amount of the period
(1) Disposal
4. Closing
4,646,411.16 373,115.00 5,019,526.16
balance
III. Depreciation
reserves
1. Opening
balance
2. Increased
amount of the period
110
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(1)
Withdrawal
3. Decreased
amount of the period
(1) Disposal
4. Closing
balance
IV. Book value
1. Closing book
9,216,788.84 9,216,788.84
value
2. Opening
9,216,788.84 9,355,420.76
book value
The proportion of the intangible assets formed from the internal R&D through the Company among the balance of the intangible
assets at the period-end is 000%.
(2) Details of Land Use Right without Certificate of Property Right
Unit: RMB
Item Book value Reason
Other notes:
①In current period the amortization amount is RMB 138,631.92
②The situation of intangible assets being used as guaranties: on Jun. 30, 2017, a book value of
RMB 2,061,759.21 (original value: RMB 3,206,000.00) is used to provide guaranty to ICBC
Jieyang Rongcheng Sub-branch. Please see 2 (1) in Note XI.
③“Disposal” in current period, please see annotation Thirteen for details.
(2) No such cases of land use right without certificate of ownership in the Reporting Period.
26. R&D Expenses
Unit: RMB
Opening Closing
Item Current increased amount Current decreased amount
balance balance
Other notes
111
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
27. Goodwill
(1) Original Book Value of Goodwill
Unit: RMB
Name of the
invested units or
Opening balance Increase Decrease Closing balance
events generating
goodwill
CHINESE GOLD
2,395,820.87 2,395,820.87
NOBILITY
Total 2,395,820.87 2,395,820.87
(2) Impairment Provision of Goodwill
Unit: RMB
Name of the
invested units or
Opening balance Increase Decrease Closing balance
events generating
goodwill
CHINESE GOLD
NOBILITY
Notes to the recognition methods of the goodwill impairment test process, parameters and goodwill impairment losses:
In line with the Capital increase agreement signed by the Company and the CHINESE GOLD
NOBILITY, the CHINESE GOLD NOBILITY had fulfilled 100% profits committed, after test, the
recoverable goodwill was no less than RMB2,395,820.87, thus, the impairment provision of
goodwill would not been withdrawn in Reporting Period.
Other notes
28. Long-term Unamortized Expenses
Unit: RMB
Amortization
Item Opening balance Increased amount Decreased amount Closing balance
amount
Other notes
29. Deferred Income Tax Assets/Deferred Income Tax Liabilities
(1) Deferred Income Tax Assets Had Not Been Off-set
Unit: RMB
112
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Closing balance Opening balance
Item Deductible temporary Deferred income tax Deductible temporary Deferred income tax
difference assets difference assets
Assets impairment
14,563,051.00 3,640,762.75 14,714,251.00 3,678,562.75
provision
Trading financial assets 3,755,343.11 938,835.78 3,755,343.11 938,835.78
Total 18,318,394.11 4,579,598.53 18,469,594.11 4,617,398.53
(2) Deferred Income Tax Liabilities Had Not Been Off-set
Unit: RMB
Closing balance Opening balance
Item Taxable temporary Deferred income tax Taxable temporary Deferred income tax
differences liabilities differences liabilities
(3) Deferred Income Tax Assets or Liabilities Listed by Net Amount after Off-set
Unit: RMB
Mutual set-off amount of Amount of deferred Amount of deferred
Mutual set-off amount of
deferred income tax income tax assets or income tax assets or
Item deferred income tax
assets and liabilities at liabilities after off-set at liabilities after off-set at
assets and liabilities
the period-end the period-end the period-begin
Deferred income tax
4,579,598.53 4,617,398.53
assets
(4) List of Unrecognized Deferred Income Tax Assets
Unit: RMB
Item Closing balance Opening balance
Deductible losses 39,946,051.50 39,946,051.50
Total 39,946,051.50 39,946,051.50
(5) Deductible Losses of Unrecognized Deferred Income Tax Assets Will Due the Following Years
Unit: RMB
Years Closing balance Opening balance Notes
2016 3,205,969.16 3,205,969.16
2017 661,650.60 661,650.60
2018 19,429,361.72 19,429,361.72
113
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
2019 14,209,131.72 14,209,131.72
2020 2,439,938.30 2,439,938.30
Total 39,946,051.50 39,946,051.50 --
Other notes:
30. Other Non-current Assets
Unit: RMB
Item Closing balance Opening balance
Other notes:
31. Short-term Loans
(1) Category of Short-term Loans
Unit: RMB
Item Closing balance Opening balance
Notes of short-term loans category:
(2) List of the Overdue Short-term Loans
The amount of the overdue short-term loans at the period-end was of RMB000, of which the significant overdue short-term loans are
as follows:
Unit: RMB
Borrower Closing balance Lending rate Overdue time Overdue rate
Other notes:
32. Financial Liabilities Measured by Fair Value and the Changes Included in the Current Gains and
Losses
Unit: RMB
Item Closing balance Opening balance
Other notes:
33. Derivative Financial Liabilities
□ Applicable √ Not applicable
34. Notes Payable
Unit: RMB
114
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Category Closing balance Opening balance
The total amount of the due but not paid notes payable at the period-end was of RMB000.
35. Accounts Payable
(1) List of Accounts Payable
Unit: RMB
Item Closing balance Opening balance
Payment for goods 19,318,197.56 25,524,801.45
Total 19,318,197.56 25,524,801.45
(2) Notes of the Significant Accounts Payable Aging over One Year
Unit: RMB
Item Closing balance Unpaid/ Un-carry-over reason
Other notes:
36. Advance from Customers
(1) List of Advance from Customers
Unit: RMB
Item Closing balance Opening balance
Payment for goods 32,362,367.65 482,960.95
Total 32,362,367.65 482,960.95
(2) Significant Advance from Customers Aging over One Year
Unit: RMB
Item Closing balance Unpaid/ Un-carry-over reason
(3) Particulars of Settled but Unfinished Projects Formed by Construction Contract at Period-end.
Unit: RMB
Item Amount
Other notes:
115
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
37. Payroll Payable
(1) List of Payroll Payable
Unit: RMB
Item Opening balance Increase Decrease Closing balance
I. Short-term salary 412,376.20 2,171,660.75 2,183,779.23 400,257.72
II. Post-employment
benefit-defined 112,912.35 112,912.35
contribution plans
Total 412,376.20 2,284,573.10 2,296,691.58 400,257.72
(2) List of Short-term Salary
Unit: RMB
Item Opening balance Increase Decrease Closing balance
1. Salary, bonus,
412,376.20 1,940,891.86 1,953,010.34 400,257.72
allowance, subsidy
2. Employee welfare 130,867.38 130,867.38
3. Social insurance 57,692.63 57,692.63
Of which: Medical
52,626.12 52,626.12
insurance premiums
Work-related
2,230.66 2,230.66
injury insurance
Maternity
2,835.85 2,835.85
insurance
4. Housing fund 30,821.95 30,821.95
5. Labor union budget
and employee education 11,386.93 11,386.93
budget
Total 412,376.20 2,171,660.75 2,183,779.23 400,257.72
(3) List of Drawing Scheme
Unit: RMB
Item Opening balance Increase Decrease Closing balance
1. Basic pension benefits 107,308.82 107,308.82
2. Unemployment
5,603.53 5,603.53
insurance
116
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Total 112,912.35 112,912.35
Other notes:
38. Taxes Payable
Unit: RMB
Item Closing balance Opening balance
VAT 3,347,385.57 3,458,437.91
Corporate income tax 20,320,138.26 20,871,916.64
Business tax 781,313.74 781,313.74
Land VAT 2,560,000.00 2,560,000.00
Property tax 3,144,771.10 2,850,741.80
Land use tax 1,855,116.00 1,735,056.00
Others 1,818,430.67 1,708,432.53
Total 33,827,155.34 33,965,898.62
Other notes:
39. Interest Payable
Unit: RMB
Item Closing balance Opening balance
List of the significant overdue interest:
Unit: RMB
Borrower Overdue amount Overdue reasons
Other notes:
40. Dividends Payable
Unit: RMB
Item Closing balance Opening balance
Note: Including significant unpaid dividends payable over one year, the unpaid reason shall be disclosed:
41. Other Accounts Payable
(1) Other Accounts Payable Listed by Nature of the Account
Unit: RMB
Item Closing balance Opening balance
Intercourse funds 29,941,672.96 16,358,621.28
117
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Bonus margin 38,002,013.82 38,002,013.82
Payment on behalf 67,448.40 360,771.83
Rental bond 380,000.00 380,000.00
Others 101,661.75 96,464.03
Total 68,492,796.93 55,197,870.96
(2) Other Significant Accounts Payable with Aging over One Year
Unit: RMB
Item Closing balance Unpaid/ Un-carry-over reason
Other notes
42. Liabilities Classified as Held-for-Sale
Unit: RMB
Item Closing balance Opening balance
Other notes:
43. Non-current Liabilities Due within 1 Year
Unit: RMB
Item Closing balance Opening balance
Other notes:
44. Other Current Liabilities
Unit: RMB
Item Closing balance Opening balance
Increase/decrease of the short-term bonds payable:
Unit: RMB
Withdraw Overflow
The Pay in
Bonds Face Issuing Bonds Opening interest discount Closing
Amount current current
name value date maturity balance by face amortizati balance
issue period
value on
Other notes:
118
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
45. Long-term Loan
(1) Category of Long-term Loan
Unit: RMB
Item Closing balance Opening balance
Notes of long-term loans category:
Other notes including interest rate range:
46. Bonds Payable
(1) Bonds Payable
Unit: RMB
Item Closing balance Opening balance
(2) Increase/Decrease of Bonds Payable (Excluding the Other Financial Instruments Classified as the
Preference Shares, Perpetual Capital Securities of the Financial Liabilities)
Unit: RMB
(3) Notes to the Conditions and Time of the Shares Transfer of the Convertible Corporate Bonds
(4) Notes to the Other Financial Instruments Classified as Financial Liabilities
Basic situation of outstanding preferred stock, perpetual capital securities and other financial instrument at the period-end
Change in outstanding preferred stock, perpetual capital securities and other financial instrument at the period-end
Unit: RMB
Outstanding Opening period Increase Decrease Closing period
financial
Amount Book value Amount Book value Amount Book value Amount Book value
instrument
Notes to judgment of other financial instrument classified as financial liabilities
Other notes:
47. Long-term Payables
(1) Long-term Payables Listed by the Nature of the Account
Unit: RMB
Item Closing balance Opening balance
Other notes:
119
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
48. Long-term Payroll Payable
(1) Long-term Payroll Payable Chart
Unit: RMB
Item Closing balance Opening balance
(2) List of the Changes of Defined Benefit Plans
Obligation present value of defined benefit plans:
Unit: RMB
Item Reporting period Same period of last year
Plan assets:
Unit: RMB
Item Reporting period Same period of last year
Liabilities (net assets) of defined benefit plans:
Unit: RMB
Item Reporting period Same period of last year
Notes of influence of content of defined benefit plans and its relevant risks to the future cash flow, time and uncertainty of the
Company:
Notes to the results of significant actuarial assumptions and sensitivity analysis of defined benefit plans:
Other notes:
49. Special Payable
Unit: RMB
Item Opening balance Increase Decrease Closing balance Reasons
Other notes:
50. Accrued Liabilities
Unit: RMB
Item Closing balance Opening balance Reasons
Other notes, including significant assumptions, valuation explanation related to significant estimated liabilities:
51. Deferred Revenue
Unit: RMB
Item Opening balance Increase Decrease Closing balance Reason
Item involving government subsidies:
120
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Unit: RMB
Amount recorded
into Related to
Amount of newly
Item Opening balance non-operating Other changes Closing balance assets/related
subsidy
income in report income
period
Other notes:
52. Other Non-current Liabilities
Unit: RMB
Item Closing balance Opening balance
Other notes:
53. Share Capital
Unit: RMB
Increase/decrease (+/-)
Opening Capitalized Closing
New shares
balance Bonus shares Capital Others Subtotal balance
issued
reserves
The sum of
318,600,000.00 318,600,000.00
shares
Other notes:
Notes: for more details, please refer to Note I. Basic Information of the Company.
54. Other Equity Instruments
(1) The Basic Information of Other Financial Instruments such as Preferred Stock and Perpetual Bond
Outstanding at the End of the Period
(2) The Statement of Changes in Financial Instruments such as Preferred Stock and Perpetual Bond
Outstanding at the End of the Period
Unit: RMB
Outstanding The beginning of the
Increase Decrease The end of the period
financial period
instruments Amount Book value Amount Book value Amount Book value Amount Book value
The current changes in other equity instruments and the corresponding reasons and the basis of the relevant accounting treatment
121
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Other notes:
55. Capital Surplus
Unit: RMB
Item Opening balance Increase Decrease Closing balance
Capital premium 52,129,496.58 173,778.21 52,303,274.79
Total 52,129,496.58 173,778.21 52,303,274.79
Other notes, including changes and reason of change:
Due to the failure of Shenzhen Chinese Gold Nobility Jewelry Co., Ltd in fulfilling a net profit of
RMB 10 million as indicated in performance commitment requirement, the shareholders: Zhang
Jielin and Yu Shizhen will, as regulated in the performance commitment, provide accordingly
Chinese Gold Nobility with a performance compensation of RMB 340,741.60, which has been
transferred to the account of Chinese Gold Nobility on Apr. 20, 2017.
56. Treasury Stock
Unit: RMB
Item Opening balance Increase Decrease Closing balance
Other notes, including changes and reason of change:
57. Other Comprehensive Income
Unit: RMB
Reporting Period
Less: recorded
in other
Amount comprehensive Attributable
Opening before income in Less: to owners Attributable Closing
Item
balance income tax prior period Income tax of the to minority balance
in current and transferred expense Company shareholder
period to profit or after tax s after tax
loss in current
period
Other explanation, including the active part of the hedging gains/losses of cash flow transferred to initial reorganization adjustment
for the arbitraged items:
58. Special Reserves
Unit: RMB
Item Opening balance Increase Decrease Closing balance
122
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Other notes, including changes and reason of change:
59. Surplus Reserves
Unit: RMB
Item Opening balance Increase Decrease Closing balance
Statutory surplus
49,036,260.20 49,036,260.20
reserves
Discretionary surplus
37,000,000.00 37,000,000.00
reserves
Total 86,036,260.20 86,036,260.20
Other note, including changes and reason of change
60. Retained Earnings
Unit: RMB
Item Reporting Period Same period of last year
Opening balance of retained profits before
-90,095,403.00 -92,329,076.97
adjustments
Opening balance of retained profits after
-90,095,403.00 -92,329,076.97
adjustments
Add: Net profit attributable to owners of the
-7,997,104.78 2,233,673.97
Company
Closing retained profits -98,092,507.78 -90,095,403.00
List of adjustment of opening retained profits:
1) RMB000 opening retained profits was affected by retrospective adjustment conducted according to the Accounting Standards for
Business Enterprises and relevant new regulations.
2) RMB000 opening retained profits was affected by changes on accounting policies.
3) RMB000 opening retained profits was affected by correction of significant accounting errors.
4) RMB000 opening retained profits was affected by changes in combination scope arising from same control.
5) RMB000 opening retained profits was affected totally by other adjustments.
61. Revenues and Operating Costs
Unit: RMB
Reporting Period Same period of last year
Item
Sales revenue Cost of sales Sales revenue Cost of sales
Main operations 189,823,020.71 178,368,297.77 200,186,975.70 190,594,842.57
Other operations 637,064.14 166,356.27
123
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Total 190,460,084.85 178,534,654.04 200,186,975.70 190,594,842.57
62. Business Tax and Surcharges
Unit: RMB
Item Reporting Period Same period of last year
Consumption tax 4,062.05 1,171.35
Urban maintenance and construction tax 58,068.04 71,083.83
Education Surcharge 42,204.68 50,734.11
Property tax 294,029.30
Land use tax 120,060.00
Stamp duty 135,759.49
Total 654,183.56 122,989.29
Other notes:
According to relevant provisions in “Provisions Concerning the Accounting Treatments on
Value -Added Tax” (Caikuai No. [2016] 22) published by ministry of finance, item “business tax and
surcharges” in profit statement is adjusted to “tax and surcharges”. House property tax, land use tax,
vehicle and vessel use tax, stamp tax and relevant taxes, which were counted into management fees
before, are now adjusted into the item “tax and surcharges” since May 1, 2016.
63. Sale Expenses
Unit: RMB
Item Reporting Period Same period of last year
Salary 669,390.73 658,210.13
Office expenses 28,406.15 2,048.00
Depreciation 16,854.16 15,631.58
Business entertainment fees 14,088.40 29,936.80
Social security premiums 44,068.52 57,162.44
Business travel charges 10,830.60 57,635.40
Testing fees 1,810.00 62,651.00
Software expenses 216,912.77 94,273.08
Rental fees 270,270.29
Others 161,775.77 212,344.03
Total 1,434,407.39 1,189,892.46
Other notes:
124
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
64. Administration Expenses
Unit: RMB
Item Reporting Period Same period of last year
Depreciation 1,126,680.42 1,903,295.30
Salary 1,262,796.56 1,284,020.04
Charge for fund management 1,200,000.00
Automobile expenses 335,203.77 475,858.98
Rental fees 578,986.10 1,055,680.49
Auditing fees 411,527.23
Welfare fees 130,867.38 377,624.98
Entertainment expenses 243,390.31 326,342.90
Office expenses 222,043.08 556,227.81
Social security premiums 134,483.43 134,414.08
Water & electricity fees 140,232.92 159,475.84
Amortization of intangible assets 138,631.92 336,594.12
Others 1,399,660.45 351,957.20
Total 7,324,503.57 6,961,491.74
Other notes:
65. Financial Expenses
Unit: RMB
Item Reporting Period Same period of last year
Interest expenses 605,207.50 645,695.56
Less: Interest income 88,059.03 17,501.15
Exchange loss 16,755.99 104,650.69
Less: exchange earning 241,014.94 14,180.07
Handling and other 17,644.59 21,268.83
Total 310,534.11 739,933.86
Other notes:
66. Asset Impairment Loss
Unit: RMB
Item Reporting Period Same period of last year
I. Bad debt loss -411,560.62 167,333.77
125
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Total -411,560.62 167,333.77
Other notes:
67. Gains and Losses from Changes in Fair Value
Unit: RMB
Sources of changes in fair value gains Reporting period Same period of last year
Financial assets measured by fair value and
the changes be included in the current -5,539,925.21
profits and losses
Total -5,539,925.21 0.00
Other notes:
68. Investment Income
Unit: RMB
Item Reporting Period Same period of last year
Income received from long-term equity
17,054.22
investment by equity method
Investment income arising from disposal of
16,240.55 -1,522.94
long-term equity investments
Total 33,294.77 -1,522.94
Other notes:
69. Other Income
Unit: RMB
Sources of other income Reporting period Same period of last year
70. Non-operating Gains
Unit: RMB
Recorded in the amount of the
Item Reporting Period Same period of last year
non-recurring gains and losses
Total 0.33 0.44
Government subsidies recorded into current profits and losses
Unit: RMB
Whether Special Related to
Distribution Distribution Reporting Same period
Item Nature subsidies subsidy or assets/related
entity reason Period of last year
influence the not income
126
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
current
profits and
losses or not
Other notes:
71. Non-operating Expenses
Unit: RMB
Recorded in the amount of the
Item Reporting Period Same period of last year
non-recurring gains and losses
Donation 200,000.00
Fine for delaying payment 2,404.16 2,404.16
Total 2,404.16 200,000.00 2,404.16
Other notes:
72. Income Tax Expense
(1) Lists of Income Tax Expense
Unit: RMB
Item Reporting Period Same period of last year
Current income tax expense 2,269,232.61 1,848,553.62
Deferred income tax expense 37,800.00
Total 2,307,032.61 1,848,553.62
(2) Adjustment Process of Accounting Profit and Income Tax Expense
Unit: RMB
Item Reporting Period
Total profits -2,895,671.47
Influence of deductible temporary difference or deductible losses
1,384,981.30
of deferred income tax assets derecognized in Reporting Period.
Profit and loss of joint ventures and associated enterprises
17,054.22
accounted by equity method
Others 867,197.09
influence of using unrecognized deductible losses and deductible
37,800.00
temporary differences of previous years (“-“ means loss)
Income tax expenses 2,307,032.61
Other notes
127
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
73. Other Comprehensive Income
See note.
74. Information of Cash Flow Statement
(1) Other Cash Received Relevant to Operating Activities
Unit: RMB
Item Reporting Period Same period of last year
Other intercourse fund 30,187,830.43 612,825,000.00
Amount related business activities 5,110,790.78 80,230.54
Total 35,298,621.21 612,905,230.54
Note to other cash received relevant to operating activities:
(2) Other Cash Paid Relevant to Operating Activities
Unit: RMB
Item Reporting Period Same period of last year
Other intercourse fund 19,500,000.00 604,410,000.00
Audit intermediary fees, etc 356,000.00 800,000.00
Amount related business activities 5,078,811.29 3,367,429.24
Total 24,934,811.29 608,577,429.24
Note to other cash paid relevant to operating activities:
(3) Other Cash Received Relevant to Investment Activities
Unit: RMB
Item Reporting Period Same period of last year
Note to other cash received relevant to investment activities:
(4) Other Cash Paid Relevant to Investment Activity
Unit: RMB
Item Reporting Period Same period of last year
Note to other cash paid relevant to investment activities:
(5) Other Cash Received Relevant to Financing Activities
Unit: RMB
128
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Item Reporting Period Same period of last year
Note to other cash received relevant to financing activities:
(6) Other Cash Paid Relevant to Financing Activities
Unit: RMB
Item Reporting Period Same period of last year
Note to other cash paid relevant to financing activities:
75. Supplemental Information for Cash Flow Statement
(1) Supplemental Information for Cash Flow Statement
Unit: RMB
Supplemental information Reporting Period Same period of last year
1. Reconciliation of net profit to net cash
-- --
flows generated from operating activities
Net profit -5,202,704.08 -1,639,584.11
Depreciation of fixed assets, of oil-gas
1,309,890.85 1,918,926.88
assets, of productive biological assets
Amortization of intangible assets 138,631.92 336,594.12
Losses on changes in fair value (gains:
5,539,925.21
negative)
Financial cost (gains: negative) -66.00
Investment loss (gains: negative) -33,294.77 1,522.94
Decrease in deferred income tax assets
37,800.00
(gains: negative)
Decrease in inventory (gains: negative) -39,615,980.25 -7,203,140.64
Decrease in accounts receivable from
65,800,489.84 481,536,676.02
operating activities (gains: negative)
Increase in payables from operating
-25,183,016.54 -471,157,114.26
activities (decrease: negative)
Others 341,132.27
Net cash flows generated from operating
3,132,874.45 3,793,814.95
activities
2. Significant investing and financing
activities without involvement of cash -- --
receipts and payments
3. Net increase in cash and cash equivalents: -- --
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Closing balance of cash 7,018,207.88 303,874,987.30
Less: Opening balance of cash 123,886,976.82 301,471,305.21
Net increase in cash and cash equivalents -116,868,768.94 2,403,682.09
(2) Net Cash Paid of Obtaining the Subsidiary
Unit: RMB
Amount
Including: --
Including: --
Including: --
Other notes:
(3) Net Cash Receive from Disposal of the Subsidiary
Unit: RMB
Amount
Including: --
Including: --
Including: --
Other notes:
(4) Cash and Cash Equivalents
Unit: RMB
Item Closing balance Opening balance
I. Cash 7,018,207.88 123,886,976.82
Including: Cash on hand 525,024.48 1,208,935.64
Bank deposit on demand 6,491,008.82 302,636,688.39
Other monetary funds on demand 2,174.58 29,363.27
III. Closing balance of cash and cash
7,018,207.88 123,886,976.82
equivalents
Other notes:
76. Note to Items in the Statement of Change in Equity
Particulars about the name of the item of “Other” adjusting last closing balance and the adjustment amount:
Not applicable
130
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
77. Assets with Restricted Ownership and Right to Use
Unit: RMB
Item Closing book value Restricted reason
Fixed assets 9,337,576.40 External guaranty
Intangible assets 2,061,759.21 External guaranty
Total 11,399,335.61 --
Other notes:
78. Foreign Currency Monetary Items
(1) Foreign Currency Monetary Items
Unit: RMB
Closing foreign currency Closing convert to RMB
Item Exchange rate
balance balance
Including: USD 64.28 6.7744 435.45
HKD 4,462.65 0.86792 3,873.22
Including: USD 863,226.47 6.7744 5,847,841.40
Other accounts receivable
Including: USD 20,000.00 6.7744 135,488.00
EUR
HKD 55,780.00 0.86792 48,412.58
Other notes:
(2) Note to Oversea Entities Including: for Significant Oversea Entities, Shall Disclose Main Operating
Place, Recording Currency and Selection Basis, if there Are Changes into Recording Currency, Shall Also
Disclose the Reason.
□ Applicable √ Not applicable
79. Arbitrage
Disclosure of arbitrage items according to the category of arbitrage and the qualitative and quantitative information of related
arbitrage tools and hedging risk:
Not applicable
80. Other
Not applicable
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
VIII. Change of Consolidation Scope
1. Business Combination Not under the Same Control
(1) Business Combination Not under the Same Control during the Reporting Period
Unit: RMB
The income The net profit
of the of the
The
Proportion of acquiree from acquiree from
Time of the Cost of the Way of the determination
Name of the the Date of the the
acquisition of acquisition of acquisition of basis of
acquiree acquisition of acquisition acquisition acquisition
the stock the stock the stock acquisition
the stock date to the date to the
date
end of the end of the
period period
Other notes:
No such cases in the Reporting Period.
(2) Combination Cost and Goodwill
Unit: RMB
Cost of business combination
The explanations on the contingent consideration and its changes as well as the determination method of the fair value of the cost of
business combination:
The main reason for the formation of large goodwill:
Other notes:
(3) The Identifiable Assets and Liabilities of Acquiree at Purchase Date
Unit: RMB
The fair value of the Purchase date The book value of the purchase date
The determination method of the fair value of the recognizable assets and liabilities:
Not applicable
The contingent liabilities of the acquiree undertaken in business combination:
Not applicable
Other notes:
Not applicable
132
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(4) The Profit or Loss from Equity Held by the Date before Acquisition in Accordance with the Fair Value
Measured Again
Whether there is a transaction that through multiple transaction step by step to realize enterprises merger and gaining the control
during the Reporting Period
□ Yes √ No
(5) The Explanations on the Situation in which the Merger Price Cannot Be determined Rationally at the
Date of Acquisition or the End of the Period of Merger and Explanations on the Fair Value of the
Acquiree’s Recognizable Assets and Liabilities
Not applicable
(6) Other Notes
Not applicable
2. Business Combination under the Same Control
(1) Business Combination under the Same Control during the Reporting Period
Unit: RMB
Income of the Net profits of
merged party the merged
Proportion of Basis of the Income of the Net profits of
Determinatio from the party from
equity enterprise merged party the merged
Name of the Date of n basis of the beginning of the beginning
acquired in merger under during the party during
merged party merger date of the period of of the period
business the same period of the period of
merger merger to the of merger to
combination control comparison comparison
date of the date of
merger merger
Other notes:
Not applicable
(2) Combination Cost
Unit: RMB
Combination cost
Explanations on contingent consideration and its changes:
Other notes:
Not applicable
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(3) The Book Value of the Assets and Liabilities of the Combined Party at Combining Date
Unit: RMB
At combining date At the end of last period
The contingent liabilities of the merged party undertaken in enterprise merger:
Not applicable
Other notes:
Not applicable
3. Counter Purchase
The basic information of transactions, the constitutive basis of counter purchase, whether the retained assets and liabilities of listed
companies constitute the business or not and the relevant basis, the determination of the cost of merger, the amount and accounting of
the equity adjusted when treated as equity transaction:
Not applicable
4. The Disposal of Subsidiary
Whether there is such a situation where the control power of the subsidiary is lost for a single disposal of the investment to the
subsidiary
□Yes √ No
Whether there is such a situation where many transactions are made to dispose the investment to the subsidiary in phases losing the
control power of it during the report period
□Yes √ No
5. Other Reasons for the Changes in Combination Scope
Explanations on changes in consolidation scope caused by other reasons (such as the establishment of new subsidiary and liquidation
of subsidiary) and the relevant information:
6. Other
IX. Equity in Other Entities
1. Equity in Subsidiary
(1) The Structure of the Enterprise Group
Main operating Nature of Holding percentage (%)
Name Registration place Way of gaining
place business Directly Indirectly
Shenzhen Rieys Shenzhen Shenzhen Trading 90.00% 100.00
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Industrial Co.,
Ltd.
TIANRUI (HK)
TRADING
Hong Kong Hong Kong Trading 100.00% Combination
COMPANY
LIMITED
Chinese Gold
Shenzhen Shenzhen Trading 100.00% Combination
Nobility
Technical service,
Shanghai development,
Yunpeng Network consulting,
Shanghai Shanghai 60.00% Set-up
Technology Co., transfer of
Ltd. network
technology etc.
Notes: holding proportion in subsidiary different from voting proportion:
Not applicable
Basis of holding half or less voting rights but still been controlled investee and holding more than half of the voting rights not been
controlled investee:
Not applicable
Significant structure entities and controlling basis in the scope of combination:
Not applicable
Basis of determine whether the Company is the agent or the principal:
Not applicable
Other notes:
(2) Significant Not Wholly Owned Subsidiary
Unit: RMB
The profits and losses Declaring dividends Balance of minority
Shareholding proportion
Name arbitrate to the minority distribute to minority shareholder at closing
of minority shareholder
shareholders shareholder period
Shenzhen Rieys
10.00% -593,234.95 3,265,258.85
Industrial Co., Ltd.
Chinese Gold Nobility 49.00% 3,387,635.65 37,636,522.88
Holding proportion of minority shareholder in subsidiary different from voting proportion:
Other notes:
(3) The Main Financial Information of Significant Not Wholly Owned Subsidiary
Unit: RMB
135
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Closing balance Opening balance
Non-curr Non-curr Non-curr Non-curr
Name Current Total Current Total Current Total Current Total
ent ent ent ent
assets assets liabilities liabilities assets assets liabilities liabilities
assets liabilities assets liabilities
Shenzhe
n Rieys
49,949,7 2,863,71 52,813,4 52,813,4 20,160,8 50,919,3 3,000,94 53,920,2 15,335,3 15,335,3
Industria
59.41 7.42 76.83 76.83 88.38 08.96 7.92 56.88 18.97 18.97
l Co.,
Ltd.
Chinese
130,659, 159,450. 130,819, 54,010,0 54,010,0 98,646,4 219,218. 98,865,7 29,310,7 29,310,7
Gold
876.81 28 327.09 96.72 96.72 82.14 75 00.89 54.26 54.26
Nobility
Unit: RMB
Reporting period The same period of last year
Cash flow Cash flow
Total Total
Name Operation from Operation from
Net profit consolidated Net profit consolidated
revenue operating revenue operating
income income
activities activities
Shenzhen
Rieys 21,009,771.2 47,950,476.6 -26,948,658.0
-5,932,349.46 -5,932,349.46 -2,925,265.06 -1,503,299.26 -1,503,299.26
Industrial 3 6 7
Co., Ltd.
Chinese Gold 167,918,918. 305,270,090.
6,913,542.14 6,913,542.14 1,189.55 9,659,258.40 9,659,258.40 -667,194.24
Nobility 82 96
Other notes:
(4) Significant Restrictions of Using Enterprise Group Assets and Paying Off Enterprise Group Debt
(5) Provide Financial Support or Other Support for Structure Entities Incorporate into the Scope of
Consolidated Financial Statements
Other notes:
X. The Risk Related Financial Instruments
Not applicable
XI. The Disclosure of the Fair Value
1. Closing Fair Value of Assets and Liabilities Calculated by Fair Value
Unit: RMB
136
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Fair value at the end of the reporting period
Item First level Second level Third level
Total
Fair value measurement Fair value measurement Fair value measurement
I. Sustaining fair value
-- -- -- --
measurement
(2) equity instruments
9,977,189.76 9,977,189.76
investment
Total assets continuously
9,977,189.76 9,977,189.76
measured at fair value
II. Non-Sustaining fair
-- -- -- --
value measurement
2. Market Price Recognition Basis for Consistent and Inconsistent Fair Value Measurement Items at Level
1
Based on the stock trade price in SZSE and SSE.
3. Consistent and Inconsistent Fair value Measurement Items at Level 2, Valuation Techniques Adopted,
the Qualitative and Quantitative Information of Important Parameters
Not applicable
4. Consistent and Inconsistent Fair Value Measurement Items at Level 3, Valuation Techniques Adopted,
the Qualitative and Quantitative Information of Important Parameters
Not applicable
5. Consistent Fair Value Measurement Items at Level 3, the Adjustment Information of the Opening and
Closing Book Value, and the Sensitivity Analysis of Unobservable Parameters
Not applicable
6. Consistent Fair Value Measurement Items, Conversion between All Levels during the Reporting Period,
the Reasons for Conversion and Policies at the Time of Determination of Conversion
Not applicable
7. Change and Change Reason of Valuation Techniques in the Reporting Period
Not applicable
137
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
8. Particulars about the Fair Value of the Financial Assets and Financial Liabilities Not Measured at Fair
Value
Not applicable
9. Other
Not applicable
XII. Related Party and Related Transaction
1. Information Related to Parent Company of the Company
Proportion of voting
Proportion of share
rights owned by
Name of parent held by parent
Registration place Nature of business Registered capital parent company
company company against the
against the Company
Company (%)
(%)
Room No. 1805 of
Shenzhen
Nepstar Building in
Shenghengchang
Yuehai Street, Trading 9800 36.99% 36.99%
Huifu Industrial Co.,
Nanshan District,
Ltd.
Shenzhen
Notes: Information on the parent company:
There was no change in the registered capital of the parent company during the Reporting Period.
The final controller of the Company is Chen Hongcheng.
Other notes:
2. Subsidiaries of the Company
For more details, please refer to Note IX. 1. Equity in Subsidiaries.
3. Information on the Joint Ventures and Associated Enterprises of the Company
For information of the major joint ventures or associated enterprises of the Company, please refer to note
List of other joint ventures and associated enterprises that made related-party transactions with the Company generating balance
during or before the report period:
Name of the joint venture or associated enterprise Relationship with the Company
Other notes
138
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
4. Information on Other Related Parties of the Company
Name Relationship
Shareholder holding 10.68% stake of the Company, affiliate
Shenzhen Rishen Investment Co., Ltd.
controlled under Chen Hongcheng’s family
Shareholder holding 3.81% stake of the Company, affiliate
Shenzhen Lianhua Huiren Industrial Co., Ltd.
controlled under Chen Hongcheng’s family
Chen Xuewen Direct relative of Chen Hongcheng
Ding Lihong Board chairman of the Company, relative of Chen Hongcheng
Other notes
5. List of Related-party Transactions
(1) Information on Acquisition of Goods and Reception of Labor Service (Unit: Ten Thousand Yuan)
Information on acquisition of goods and reception of labor service
Unit: RMB
The approval trade Whether exceed trade Same period of last
Related-party Content Reporting Period
credit credit or not year
Information of sales of goods and provision of labor service
Unit: RMB
Related-party Content Reporting Period Same period of last year
Information on related-party transactions of sales of goods and provision and reception of labor service
(2) Relating Commissioned Management/Contract and Entrusted Management/Outsourcing
List of commissioned management/contract of the Company:
Unit: RMB
Pricing basis of Revenue from
Name of the Start date of End date of
Name of the Type of the commissioned commissioned
entrusting commissioned commissioned
commissioned commissioned/co management management/cont
party/contract-out management/cont management/cont
party/contractor ntracted assets revenue/contract ract confirmed in
party ract ract
revenue the report period
Explanations on relating commissioned management/contract
List of entrusted management/outsourcing:
Unit: RMB
Name of the Start date of End date of Pricing basis of Trustee
Name of the Type of the
entrusting entrusted entrusted trustee fee/expense on
commissioned entrusted/outsour
party/contract-out management/outs management/outs fee/expense on outsourcing
party/contractor ced assets
party ourcing ourcing outsourcing confirmed in the
139
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
report period
Explanations on relating management/outsourcing
(3) Information of Related Lease
The Company serves as the lessor:
Unit: RMB
Rental income confirmed in the Rental income confirmed in the
Name of leasee Type of leased assets
Report period same period of last year
The Company serves as the leasee:
Unit: RMB
Rental expense confirmed in the Rental expense confirmed in the
Name of lessor Type of leased assets
report period same period of last year
Explanations on related-party lease
(4) Related-party Guarantee
The Company serves as the guarantee
Unit: RMB
Secured party Amount Start date Maturity date Fulfill or not
The Company serves as the secured party
Unit: RMB
Guarantee Amount Start date Maturity date Fulfill or not
Explanations on related-party guarantee
(5) Borrowing and Lending of Related Parties
Unit: RMB
Related party Amount Start date Maturity date notes
Borrowing
Lending
(6) Related Party Asset Transfer and Debt Restructuring
Unit: RMB
Contents of related-party
Related party Reporting period Same period of last year
transactions
140
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(7) Rewards for the Key Management Personnel
Unit: RMB
Item Reporting period Same period of last year
Rewards for the key management
337,000.00 253,000.00
personnel
(8) Other Related-party Transactions
6. Receivables and Payables of Related Parties
(1) Receivables
Unit: RMB
Closing balance Opening balance
Name o f item Related-party
Book balance Bad debt provision Book balance Bad debt provision
(2) Payables
Unit: RMB
Name o f item Related-party Closing book balance Opening book balance
Other accounts payable Chen Xuewen 177,923.60 64,404.72
64,404.72 10,570,000.00
7. Related Party Commitment
There was no related party commitment for the Company to disclose.
8. Other
XIII. Share-based Payment
1. General Share-based Payment
□ Applicable √ Not applicable
2. Shared-based Payment Settled by Equity
□ Applicable √ Not applicable
3. Shared-based Payment Settled by Cash
□ Applicable √ Not applicable
141
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
4. Modification and Termination on Share-based Payment
Not applicable
5. Other
Not applicable
XIV. Commitments and Contingencies
1. Significant Commitments
Significant commitments at balance sheet date
As of June 30, 2017, there were no significant commitments to be disclosed.
2. Contingencies
(1) Significant Contingencies at Balance Sheet Date
The Company mortgaged its real estate (The mortgaged property assessment value was RMB36.32
million) for Huafengqiang Trade Co., Ltd. and the Jieyang RongCheng sub-branch of The Industrial
and Commercial Bank of China Co., Ltd. signing Maximum amount mortgage contract, the
Maximum amount mortgage contract was: Maximum amount mortgage in 2014 NO. 3632 of
RongCheng sub-branch. The secured principle credit was from November 11, 2014 to November 11,
2019. Huafengqiang Trade Co., Ltd. signed RMB17,000,000.00 loan contract with Jieyang
RongCheng sub-branch of The Industrial and Commercial Bank of China Co., Ltd. on May 22,
2017, which was the guarantee for the Company. The borrowing period was for 12 months. The
Huafengqiang Trade Co., Ltd. provided counter guarantee for the Company with this loan.
As of June 30, 2017, the Company provide guarantee for non-related party were as followed:
Entity Events Amount involved Period Notes
(RMB’0,000)
Huafengqiang Trade Co., Ltd. Bank loan pledge 1,700.00 05/22/2017-05/19/2018 -
Total - 1,700.00 - -
As of June 30, 2017, there was no contingencies such as pending litigation, external guarantee for
the Company to disclose.
As of June 30, 2017, there was no other contingency to disclose for the Company except for the
aforesaid event.
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Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(2) If the Company Has No Significant Contingency to Disclose, Relevant Explanations Should Also Be
Given
There was no significant contingency for the Company to disclose.
3. Other
XV. Events after Balance Sheet Date
1. Significant Non-adjusting Events
Unit: RMB
Effects on financial condition Reason for inability to estimate
Item Content
and operating result the influence number
2. Profit Distribution
Unit: RMB
3. Sales Return
4. Notes of Other Events after Balance Sheet Date
Shenzhen Rieys Industrial Co., Ltd. a subsidiary of the company, has sold by lots 465364 shares of
BanBao Educational Toys own by the former from July 28 to August 4, 2017, the stock trade of
which has caused an investment loss of RMB7,069,898.22. Up to Aug. 28, 2017, there are 6600
shares of BanBao Educational Toys left on the paper.
Up to Aug. 28, 2017, (date of report approval by the board), apart from the above important items,
the company has no other events after the balance sheet date that should be disclosed.
XVI. Other Significant Events
1. The Accounting Errors Correction in Previous Period
(1) Retroactive Restatement
Unit: RMB
Name of each affected item of
Contents of the correction of
Procedures of processing statement during the period of Cumulative effects
accounting errors
comparison
143
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(2) Prospective Application
Contents of the correction of accounting Reason for adopting method of prospective
Procedures of approval
errors application
2. Debt Restructuring
Not applicable
3. Assets Replacement
(1) Exchange of Non-monetary Assets
Not applicable
(2) Replacement of Other Assets
Not applicable
4. Annuity Plan
Not applicable
5. Discontinued Operation
Unit: RMB
Profits generated
from
discontinued
Income tax
Item Income Expense Total profits Net profits operation
expense
attributable to
owners’ of the
Company
Other notes
Not applicable
6. Segment Information
(1) Recognition Basis and Accounting Policies of Reportable Segment
Not applicable
144
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
(2) The Financial Information of Reportable Segment
Unit: RMB
Item Offset between segments Total
(3) If There Is No Reportable Segment, or the Total Amount of Assets and Liabilities of Each Part of
Reportable Segment Cannot Be Disclosed, the Relevant Reasons Should Be Given
Not applicable
(4) Other Notes
Not applicable
7. Other Important Transactions and Events that Have an Impact on Investors’ Decision-making
Not applicable
8. Other
Not applicable
XVII. Notes of Main Items in the Financial Statements of the Company
1. Accounts Receivable
(1) Accounts Receivable Classified by Category
Unit: RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Withdra
Book
Proportio wal Proportio Withdrawal Book value
Amount Amount value Amount Amount
n proportio n proportion
n
Accounts receivable
with significant
single amount for 4,608,27 4,608,27 4,608,2 4,608,276
100.00% 100.00% 0.00 100.00% 100.00% 0.00
which bad debt 6.88 6.88 76.88 .88
provision separately
accrued
4,608,27 4,608,27 4,608,2 4,608,276
Total 100.00% 100.00% 100.00% 100.00%
6.88 6.88 76.88 .88
145
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Accounts receivable with single significant amount and withdrawal bad debt provision separately at end of period
√ Applicable □ Not applicable
Unit: RMB
Accounts receivable Closing balance
(classified by units) Account receivable Bad debt provision Withdrawal proportion Withdrawal reason
Long-term credit, the
Capital airport 21,713.00 21,713.00 100.00% Company believe it
irrecoverable
Long-term credit, the
Ningbo Industrial and
26,354.45 26,354.45 100.00% Company believe it
Commercial Bureau
irrecoverable
Long-term credit, the
Chen Shunqin 335,904.80 335,904.80 100.00% Company believe it
irrecoverable
Long-term credit, the
Hong Kong Jinhua
4,224,304.63 4,224,304.63 100.00% Company believe it
Trading Company
irrecoverable
Total 4,608,276.88 4,608,276.88 -- --
In the groups, accounts receivable adopting aging analysis method to withdraw bad debt provision:
□ Applicable √ Not applicable
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable √ Not applicable
In the groups, accounts receivable adopting other methods to withdraw bad debt provision:
(2) Accounts Receivable Withdrawn, Reversed or Collected during the Reporting Period
The withdrawal amount of the bad debt provision during the Reporting Period was of RMB000; the amount of the reversed or
collected part during the Reporting Period was of RMB000.
Significant amount of reversed or recovered bad debt provision:
Unit: RMB
Name of unit Collected or reversed amount Way
(3) Particulars about Accounts Receivable Actually Verified during the Reporting Period
Unit: RMB
Item Amount of verification
The verification of significant accounts receivable:
Unit: RMB
Procedures of Whether the
Name of unit Nature of other Amount of Reason for
verification accounts are
146
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
accounts receivable verification verification performed generated from
related-party
transactions or not
Notes of the verification of accounts receivable:
(4) Accounts Receivable of the Top 5 of the Closing Balance Collected According to the Arrears Party
Name of the entity Amount Bad debt provision Proportion
%
Capital airport 21,713.00 21,713.00 0.47
Ningbo Industrial and 26,354.45 26,354.45 0.57
Commercial Bureau
Chen Shunqin 335,904.80 335,904.80 7.29
Hong Kong Jinhua 4,224,304.63 4,224,304.63 91.67
Trading Company
Total 4,608,276.88 4,608,276.88 100.00
(5) Accounts Receivable Derecognized for the Transfer of Financial Assets
(6) Amount of Assets and Liabilities Generated from the Transfer of Accounts Receivable and Continued
Involvement
Other notes:
2. Other Accounts Receivable
(1) Other Accounts Receivable Classified by Category
Unit: RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Withdra
Book
Proportio wal Proportio Withdrawal Book value
Amount Amount value Amount Amount
n proportio n proportion
n
Other accounts
receivable with
significant single 69,709,4 2,931,60 66,777,86 75,469, 2,931,608 72,537,567.
95.36% 4.21% 5.94% 36.94%
amount for which 77.93 8.20 9.73 176.05 .20 85
bad debt provision
separately accrued
Other accounts 1,594,82 2.18% 1,485,34 93.14% 109,482.1 4,877,7 5.94% 1,801,879 36.94% 3,075,885.8
147
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
receivable withdrawn 6.10 3.96 4 65.85 .96 9
bad debt provision
according to credit
risks characteristics
Other accounts
receivable with
insignificant single 1,794,76 1,794,76 1,794,7 1,478,227
2.46% 100.00% 2.19% 82.36% 316,536.00
amount for which 3.36 3.36 63.36 .36
bad debt provision
separately accrued
73,099,0 6,211,71 66,887,35 82,141, 6,211,715 75,929,989.
Total 100.00% 8.50% 100.00% 7.56%
67.39 5.52 1.87 705.26 .52 74
Other receivable with single significant amount and withdrawal bad debt provision separately at end of period:
√ Applicable □ Not applicable
Unit: RMB
Closing balance
Other accounts receivable
Other accounts
(unit） Bad debt provision Withdrawal proportion Withdrawal reason
receivable
Included in consolidated
Tianrui (HK) Trading Co., related party did not
57,707,092.85
Ltd. withdraw bad debt
provision
Included in consolidated
Shenzhen Rieys Industrial related party did not
9,070,776.88
Co., Ltd. withdraw bad debt
provision
Long-term credit, the
Refund of tax for export
2,331,608.20 2,331,608.20 100.00% Company believe it
receivable
irrecoverable
Long-term credit, the
Shenzhen Zhao Tong
600,000.00 600,000.00 100.00% Company believe it
Investment Co., Ltd.
irrecoverable
Total 69,709,477.93 2,931,608.20 -- --
In the groups, other accounts receivable adopting aging analysis method to withdraw bad debt provision:
√ Applicable □ Not applicable
Unit: RMB
Closing balance
Aging
Other accounts receivable Bad debt provision Withdrawal proportion
Subentry within 1 year
148
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Subtotal within 1 year 49,814.10 58,199.26 116.83%
1 to 2 years 40,201.83 4,020.18 10.00%
2 to 3 years 8,298.65 4,149.33 50.00%
Over 3 years 1,496,511.52 1,418,975.19 94.82%
Total 1,594,826.10 1,485,343.96 93.14%
Notes:
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable √ Not applicable
In the groups, other accounts receivable adopting other methods to withdraw bad debt provision:
□ Applicable √ Not applicable
(2) The Bad-debt Provision Withdrawn, Reversed or Collected during the Reporting Period
The withdrawal amount of the bad debt provision during the Reporting Period was of RMB000; the amount of the reversed or
collected part during the Reporting Period was of RMB000.
Of which the significant amount of the reversed or collected part during the Reporting Period:
Unit: RMB
Name of unit Collected or reversed amount Way
(3) Other Accounts Receivable Actually Verified during the Reporting Period
Unit: RMB
Item Amount of verification
The verification of significant other accounts receivable:
Unit: RMB
Whether the
Procedures of accounts are
Nature of other Amount of Reason for
Name of unit verification generated from
accounts receivable verification verification
performed related-party
transactions or not
Notes of the verification of other accounts receivable:
(4) Other Accounts Receivable Classified by Account Nature
Unit: RMB
Nature Closing book balance Opening book balance
Fund of related party 66,777,869.73 72,537,567.85
Intercourse funds 3,780,300.83 4,014,013.16
Tax 2,331,608.20 2,331,608.20
149
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Payment on behalf 209,288.63 2,938,980.05
Margin 319,536.00
Total 73,099,067.39 82,141,705.26
(5) The Top Five Other Account Receivable Classified by Debtor at Period-end
Unit: RMB
Proportion to the
total of closing Closing balance of
Name of unit Nature of accounts Closing balance Aging
balance of other bad-debt provision
accounts receivable
Tianrui (HK) Trading Intercourse of
57,707,092.85 Over 5 years 78.94%
Co., Ltd. related party
Shenzhen Rieys Intercourse of
9,070,776.88 Within 1 year 12.41%
Industrial Co., Ltd. related party
Refund of tax for
Tax 2,331,608.20 Over 5 years 3.19% 2,331,608.20
export receivable
Guangdong Yuanfeng
Intercourse funds 700,000.00 Over 5 years 0.96% 700,000.00
Trade Co., Ltd.
Shenzhen Zhao Tong
Intercourse funds 600,000.00 Over 5 years 0.82% 600,000.00
Investment Co., Ltd.
Total -- 70,409,477.93 -- 96.32% 3,631,608.20
(6) Account Receivable Involving Government Subsidies
Unit: RMB
Name of the government Account-age at the end Estimated time, amount
Name of unit Closing balance
subsidy item of the period and basis of charge
(7) Other Account Receivable Derecognized Due To the Transfer of Financial Assets
(8) Amount of Assets and Liabilities Generated from the Transfer of Other Accounts Receivable and
Continued Involvement
Other notes:
3. Long-term Equity Investment
Unit: RMB
Item Closing balance Opening balance
150
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Investment to the
80,000,008.26 80,000,008.26 75,000,008.26 75,000,008.26
subsidiary
Investment to
joint ventures and
270,015,275.93 270,015,275.93 149,998,221.71 149,998,221.71
associated
enterprises
Total 350,015,284.19 350,015,284.19 224,998,229.97 224,998,229.97
(1) Investment to the Subsidiary
Unit: RMB
Withdrawn
Closing balance
impairment
Investee Opening balance Increase Decrease Closing balance of impairment
provision in the
provision
Reporting Period
Shenzhen Rieys
45,000,000.00 45,000,000.00
Industrial Co., Ltd.
Tianrui (HK)
8.26 8.26
Trading Co., Ltd.
Chinese Gold
30,000,000.00 30,000,000.00
Nobility
Shanghai Yunpeng
Network
5,000,000.00 5,000,000.00
Technology Co.,
Ltd.
Total 75,000,008.26 5,000,000.00 80,000,008.26
(2) Investment to Joint Ventures and Associated Enterprises
Unit: RMB
Increase/decrease
Profit and Closing
loss on Adjustme Cash, balance
Additiona investmen nt of dividends Impairme for
The Opening Reduced Changes Closing
l ts other and nt impairme
investor balance investmen in other Others balance
investmen confirmed comprehe profits provision nt
ts equity
ts according nsive declared s provision
to equity income to issue s
law
151
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
I. Joint ventures
II. Associated enterprises
Shenzhen
Shenguor
ong 149,998,2 150,014,5
16,324.24
Financing 21.71 45.95
Guarantee
Co., Ltd.
Shenzhen
Future
Growing
Business 120,000,7
729.98
Fund 29.98
(Limited
Partnershi
p)
149,998,2 270,015,2
Subtotal 17,054.22
21.71 75.93
149,998,2 270,015,2
Total 17,054.22
21.71 75.93
(3) Other Notes
Not applicable
4. Revenues and Operating Costs
Unit: RMB
Reporting Period Same period of last year
Item
Sales revenue Cost of sales Sales revenue Cost of sales
Other operations 637,064.14 166,356.27
Total 637,064.14 166,356.27
Other notes:
The current other operations income was generated from the housing lease.
5. Investment Income
Unit: RMB
Item Reporting Period Same period of last year
Long-term equity investment income 17,054.22
152
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
accounted by equity method
Total 17,054.22
6. Other
XVIII. Supplementary Materials
1. Items and Amounts of Extraordinary Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
Item Amount Explanation
Government subsidies recorded into the (1) gains and losses of changes in fair
current gains and losses (excluding the value generated from holding trading
government subsidies that are closely financial assets was RMB-5,539,925.21 (2)
-5,523,684.66
relative to business and enjoyed in normed investment income received from the
way or quantitatively in accordance with the disposal of trading financial assets was
national standards) RMB16,240.55
Write-back of impairment provision of
accounts receivable with separate 411,560.62
impairment test
Other non-operating income and expenses
14,650.39
other than the above
Less: amount affected by income tax 72,063.56
Minority interests effects -452,702.47
Total -4,716,834.74 --
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 √ Not applicable
2. Return on Net Equity and Earnings Per Share
EPS（Yuan/share）
Profit as of Reporting Period Weighted average ROE (%)
EPS-basic EPS-diluted
Net profit attributable to common
-2.21% -0.030 -0.030
shareholders of the Company
Net profit attributable to common
shareholders of the Company after -0.90% -0.0103 -0.0103
deduction of non-recurring profit
153
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
and loss
3. Differences between Accounting Data under Domestic and Overseas Accounting Standards
(1) Differences of Net Profit and Net Assets Disclosed in Financial Reports Prepared under International
and Chinese Accounting Standards
□ Applicable √ Not applicable
(2) Differences of Net Profit and Net Assets Disclosed in Financial Reports Prepared under Overseas and
Chinese Accounting Standards
□ Applicable √ Not applicable
(3) Explain Reasons for the Differences between Accounting Data under Domestic and Overseas
Accounting Standards, for Audit Data Adjusting Differences Had Been Foreign Audited, Should Indicate
the Name of the Foreign Institutions
4. Other
154
Guangdong Jadiete Holdings Group Company Limited Semi-Annual Report 2017
Section XI Documents Available for Reference
I The financial statements with the signatures and seals of the legal representative, the CFO and the accounting head; and
II The originals of the company announcements and documents disclosed on the CSRC-designated newspapers during the Reporting
Period.
(The Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the
two versions, the Chinese version shall prevail.)
155
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