CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Stock Code: 000521, 200521 Stock Abbreviation: Changhong Meiling, Hongmeiling B
Announcement No.: 2024-022
Changhong Meiling Co., Ltd.
The First Quarterly Report of 2024
The Company and whole members of the Board guarantee that the information disclosed is true, accurate and
complete and there are no fictitious records, misleading statements or material omissions carried in the Report.
Important Note:
the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
person in charger of accounting organ (accounting officer) hereby confirm that the financial information of this
Quarterly Report is authentic, accurate and complete.
□Yes √No
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Changes of this
Current Period Same period of last year period over same
period of last year
Operating income (RMB)
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Net profit attributable to shareholders of the listed
company (RMB) 155,536,230.57 122,540,351.10 26.93%
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and
losses (RMB)
Net cash flow arising from operating activities
(RMB) -114,083,183.60 -372,008,676.48 69.33%
Basic earnings per share (RMB/Share)
Diluted earnings per share (RMB/Share)
Weighted average ROE
Changes of this
End of this period End of last period period-end over
same period-end
of last year
Total assets (RMB)
Owners’ equity attributable to shareholders of listed
company (RMB) 5,980,802,290.29 5,824,782,654.09 2.68%
(ii)Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Item Current amount Note
Gains/losses from the disposal of non-current asset (including
the write-off that accrued for impairment of assets) 36,334.95
Governmental subsidy calculated into current gains and
losses(while closely related with the normal business of the
Company, the government subsidy that accord with the Mainly due to government
provision of national policies and are continuously enjoyed in subsidies.
line with a certain standard quota or quantity are excluded)
Gain and loss from change of the fair value arising from
transactional monetary assets, transactional financial liabilities
Mainly due to the non
as held as well as the investment income arising from disposal
cancelable orders and change
of the transactional monetary assets, transactional financial
-45,481,586.24 of the fair value of forward
liabilities and financial assets available for sale excluding the
foreign exchange contract
effective hedging transaction in connection with the Company’s
changes
normal business
Switch back of the impairment for receivables that has
impairment test independently 730,284.97
Other non-operating income and expenses other than the above
-2,109,577.93
Less: impact on income tax
-4,947,542.79
Impact on minority shareholders’ equity (post-tax)
Total
-30,412,904.89 --
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss(revised in 2023)
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss (revised in 2023).
(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
In RMB
Changes
Item Ending balance Opening balance Reasons of changes
ratio
Mainly due to the purchase of wealth
Trading financial
assets
in the current period.
Mainly due to the increase in sales
Account receivable 2,375,000,927.75 1,633,706,889.06 45.37% during the current period
Mainly due to the increase in stocking
Inventory 3,402,387,173.63 2,022,738,412.97 68.21% for peak seasonin the current period.
Mainly due to the transfer of the
Contract assets 9,245,092.98 13,261,690.62 -30.29% Company's contract assets to accounts
receivable in the current period
Mainly due to the maturity of the
Non-current asset due
within one year
deposit in the current period
Mainly due to the increase in the
Company's fixed deposits and value-
Other current assets 316,348,294.36 225,419,883.07 40.34% added tax to be deducted during the
current period
Mainly due to the increase in the
Creditor's rights
investment
in the current period.
Mainly due to the non cancelable orders
Trading financial
Liabilities
foreign exchange contract changes
Mainly due to the increase in the
Account payable 5,231,251,785.68 3,882,303,908.89 34.75% Company's procurement in the current
period.
In RMB
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Item Current period Amount at the
Changes
same period of Reasons of changes
ratio
last year
Mainly due to the payment of the waste
electrical and electronic products disposal
Tax and extras 26,505,967.26 39,314,902.23 -32.58% fund in the previous period, and there is
none of that in the current period.
Mainly due to the Company's recognition
Other income 30,658,322.37 11,993,948.27 155.61% of VAT deductible income in the current
period
Mainly due to the decrease in investment
income obtained from the disposal of
Investment earnings 4,806,025.95 11,296,852.87 -57.46% trading financial assets by the Company
during the current period
Mainly due to the non cancelable orders
Gains on changes in
fair value
-36,212,338.39 1,581,886.04 -2,389.19% and change of the fair value of forward
foreign exchange contract changes
Mainly due to the reversal of the
Credit impairment loss 1,826,872.78 -15,886,816.82 -111.50% Company's bad debt provision in the
current period
Mainly due to the decrease in liquidated
Non-operating income 842,845.67 5,645,604.54 -85.07% damages received by the Company during
the period
Non-operating Mainly due to the provision of plant
expenses
Mainly due to the increase in income tax
expense due to the increase in the
Income tax expenses 20,354,739.63 7,491,433.56 171.71% Company's taxable income in the current
period
In RMB
Item Current period Amount at the
Changes
same period of last Reasons of changes
ratio
year
Mainly due to the YOY increase
in export tax rebates received by
Tax refund received 256,947,465.72 119,861,984.88 114.37% the Company during the current
period
Mainly due to the YOY decrease
Other cash received
in the guarantee deposit recovered
concerning operation 12,948,696.05 23,940,223.82 -45.91% by the Company in the current
activities
period
Mainly due to the YOY decrease
Cash received from recovery in the recovery of the Company's
of investment
the current period
Mainly due to that the Company
received dividends from
Cash received from absorbing
investment
but there is no such dividend in
the current period
Mainly due to the YOY increase
in the Company's purchase of
Cash paid for investments 980,000,000.00 560,000,000.00 75.00% wealth management products and
large-amount certificates of
deposit in the current period.
Mainly due to the increase in
Cash received from
borrowing
Company during the period
Other cash received Mainly due to the YOY decrease
concerning financing 39,855,330.30 250,646,926.33 -84.10% in limited recovery of the
activities Company's guarantee deposits in
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Item Current period Amount at the
Changes
same period of last Reasons of changes
ratio
year
the current period.
Cash paid for dividend and Mainly due to the YOY increase
profit distributing or interest 6,720,779.16 4,998,050.47 34.47% in bank interest paid by the
paying Company in the current period
Mainly due to the YOY decrease
Other cash paid concerning in restrictions of the Company
financing activities
period
Effect of exchange rate Mainly due to the change of
changes on cash
-432,457.38 -11,739,344.83 96.32% exchange rate in the Period
II. Shareholders
(i)Total number of common shareholders and preference shareholders with voting rights recovered and
top ten shareholders
In Shares
Total number of common
Total preference shareholders with voting rights recovered at
shareholders at the end of report 42,282 end of reporting period (if applicable) 0
period
Top ten shareholders
Information of shares
pledged, tagged or
Proportion frozen
Nature of Amount of Amount of lock-
Shareholder’s name of shares
shareholder shares held up shares held
held State of
Amount
share
State-owned legal
Sichuan Changhong Electric Co., Ltd. - --
person 24.12% 248,457,724 0
Overseas Legal - -
HKSCC 6.42% 66,131,044 0
person
Hefei Industry Investment Holding (Group) State-owned legal
Co., Ltd. person
Domestic non-
The National Social Security Fund 101
state-owned legal 3.44% 35,423,661 0 - -
portfolio
person
Overseas Legal
CHANGHONG (HK) TRADING LIMITE 2.63% 27,077,797 0 - -
person
Overseas natural
CAOSHENGCHUN 1.43% 14,766,086 0 - -
person
Domestic non-
ICBC - Guangfa Jufeng hybrid securities
state-owned legal 1.36% 14,000,078 0 - -
investment fund
person
Industrial Bank-Southern Xingrun value one- Domestic non-
year holding period of hybrid securities state-owned legal 1.34% 13,797,353 0 - -
investment fund person
Domestic non-
ICBC - South Excellent Growth Stock
state-owned legal 1.25% 12,823,000 0 - -
Securities Investment Fund
person
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Domestic non-
China Construction Bank Co., Ltd.- Jiashixin
state-owned legal 1.17% 12,082,100 0 - -
Consumer Stock Securities Investment Fund
person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Sichuan Changhong Electric Co., Ltd. 248,457,724 RMB ordinary shares 248,457,724
Domestically listed
HKSCC 66,131,044 foreign shares 66,131,044
Hefei Industry Investment Holding (Group) Co.,
Ltd. 37,923,401 RMB ordinary shares 37,923,401
The National Social Security Fund 101 portfolio 35,423,661 RMB ordinary shares 35,423,661
Domestically listed
CHANGHONG (HK) TRADING LIMITE 27,077,797 foreign shares 27,077,797
Domestically listed
CAOSHENGCHUN 14,766,086 foreign shares 14,766,086
ICBC - Guangfa Jufeng hybrid securities
investment fund
Industrial Bank-Southern Xingrun value one-year
holding period of hybrid securities investment fund
ICBC - South Excellent Growth Stock Securities
Investment Fund
China Construction Bank Co., Ltd.- Jiashixin
Consumer Stock Securities Investment Fund 12,082,100 RMB ordinary shares 12,082,100
Among the above shareholders, CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong
Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co., Ltd., the foregoing
shareholders constitute persons of uniform action. There existed no associated relationship or belong to the
Explanation on associated concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder
relationship among the Equity Changes of Listed Companies among Sichuan Changhong Electric Co., Ltd, Hong Kong Changhong
aforesaid shareholders and other top 8 shareholders, The company neither knows whether there is any association among other
shareholders, nor knows whether other shareholders belong to the persons acting in concert that is stipulated in
the “Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies”.
Explanation on top ten
shareholders involving
Not applicable
margin business (if
applicable)
Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10
shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and
borrowing business
□Applicable ?Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared
with the previous period due to the securities lending/returning,
□Applicable ?Not applicable
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
(ii)Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end
of the report period
□ Applicable √Not applicable
III. Other important matters
√ Applicable □ Not applicable
Information index for temporary
Overview Date for disclosure
report disclosure
Through the resolution passed by the Company's board of directors, it’s
agreed that the Company shall establish an ESG management organizational
structure and set up an ESG management committee under the board of
directors of the Company, which is composed of six directors-Mr. Wu Juchao
Dinggang, Mr. Zhong Ming, Mr. Zhao Qilin, Mr. Kou Huameng, Mr. Hu February 20,2024 Website:http://www.cninfo.com.cn
Zhaogui and Ms. Mou Wen (independent directors)-of the board of directors (No.: 2024-004 and 2024-005)
of the Company and the chairman is Mr. Wu Dinggang, taking effect from
the date of deliberation and approval of the board of directors, and the term
of office of the above members is the same as that of the board of directors.
Through the resolution passed by the Company's board of directors, it’s
agreed that the Company will invest 88 million yuan to renovate the front- Juchao
end production line of refrigerators in the Hefei manufacturing base, in order Website:http://www.cninfo.com.cn
February 20,2024
to enhance the Company's production and manufacturing capacity of
(No.: 2024-004)
refrigerators in the Hefei base and enhance the product market
competitiveness.
Through the resolution of the board of directors of the Company, it’s agreed
that Sichuan Changhong Air Conditioning Co., Ltd., a subsidiary of the
Company, will invest 100 million yuan by its own funds to establish a Juchao
wholly-owned subsidiary, Sichuan Changhong Air Conditioning Intelligent
March 15,2024 Website:http://www.cninfo.com.cn
Home Appliance Technology Co., Ltd. (tentative name, subject to industrial
(No.: 2024-006)
and commercial approval), to engage in related business with the
manufacturing and sales of variable frequency drive control boards in the air
conditioning industry (including special air conditioners) as the core.
Through the resolution of the Company's board of directors and supervisory
board, it’s agreed to the 2023 profit distribution plan of the Company. Based Juchao
on the total share capital of 1,029,923,715 shares as of December 31, 2023, a Website:http://www.cninfo.com.cn
cash dividend of 3 yuan (including tax) will be distributed to all shareholders March 30,2024
(No.: 2024-007, 2024-008 and 2024-
for every 10 shares, without bonus shares or conversion of reserve funds into
share capital. It’s expected to distribute a cash dividend of 308,977,114.50 010)
yuan(including tax).
Through the resolution of the Company's board of directors, it’s agreed to
Juchao
appoint Pan-China Certified Public Accounts (LLP) as the auditing agency
March 30,2024 Website:http://www.cninfo.com.cn
for the Company's 2024 financial report and internal control, with a term of
(No.: 2024-007 and 2024-011)
one year.
Through the resolution of the Company's board of directors and supervisory Juchao
board, it’s agreed that the subsidiary of the Company, Hefei Meiling Website:http://www.cninfo.com.cn
March 30,2024
Nonferrous Metal Products Co., Ltd., will write off a total of 3,092,614.56 (No.: 2024-007, 2024-008 and 2024-
yuan in bad debts of part accounts receivable that cannot be recovered. 012)
Through the resolution of the board of directors of the Company, it’s agreed
that the Company and its subsidiaries will carry out forward foreign
exchange fund trading business from July 1, 2024 to June 30, 2025, with a Juchao
transaction balance not exceeding 1.199 billion US dollars (mainly including March 30,2024 Website:http://www.cninfo.com.cn
US dollars, Australian dollars, Euros, and all other foreign currencies (No.: 2024-007 and 2024-013)
converted into US dollars), and the delivery period of a single transaction
shall not exceed one year.
Through the resolution of the Company's board of directors and supervisory Juchao
board, it’s agreed to the Company’s formulated "Shareholders' Return Plan March 30,2024 Website:http://www.cninfo.com.cn
for the Next Three Years (2021-2023) by the Company". (No.: 2024-007 and 2024-008)
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Information index for temporary
Overview Date for disclosure
report disclosure
Through the resolution of the Company's board of directors and supervisory
board, it’s agreed that the Company will increase the expected amount of no
more than 1,138 million yuan (excluding tax) of routine related party
transactions including purchase of raw materials and commodities between Juchao
the Company and its subsidiaries and Sichuan Changhong Electronic Holding
March 30,2024 Website:http://www.cninfo.com.cn
Group Co., Ltd. in 2024. After this increase, it’s expected that the total
(No.: 2024-007 and 2024-008)
amount of routine related party transactions between the Company and its
subsidiaries and Sichuan Changhong Electronic Holding Group Co., Ltd.,
including purchasing goods, receiving services, and leasing, will not exceed
Through the resolution of the board of directors of the Company, it’s agreed
that the Company and its subsidiaries can apply for a special line of up to Juchao
RMB 400 million for the bill pool to the Hefei Branch of Industrial Bank March 30,2024 Website:http://www.cninfo.com.cn
Co., Ltd; and apply to Hefei Branch Ping An Bank Co., Ltd. for a special (No.: 2024-007 and 2024-015)
credit line of up to RMB 500 million for the bill pool.
IV. Quarterly financial statements
(i) Financial statement
Prepared by Changhong Meiling Co., Ltd.
In RMB
Item Ending balance Opening balance
Current assets:
Monetary fund
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable
Account receivable
Receivable financing
Account paid in advance
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable
Including: Interest receivable
Dividend receivable
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Buying back the sale of financial assets
Inventory
Contract assets
Assets held for sale
Non-current asset due within one year
Other current assets
Total current assets
Non-current assets:
Loans and payments on behalf
Creditor's rights investment 624,913,378.80 420,537,485.54
Other Creditor's rights investment
Long-term account receivable
Long-term equity investment
Investment in other equity instrument
Other non-current financial assets
Investment real estate
Fixed assets
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets
Expense on research and development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset
Other non-current assets
Total non-current asset
Total assets
Current liabilities:
Short-term loans 1,247,208,244.26 1,134,102,419.03
Loan from central bank
Capital borrowed
Trading financial liability
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Derivative financial liability
Note payable
Account payable
Accounts received in advance
Contract liabilities
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable
Taxes payable
Other account payable
Including: Interest payable
Dividend payable
Commission charge and commission
payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Total non-current liabilities
Total liabilities
Owner’s equity:
Share capital
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve
Less: Treasury shares
Other comprehensive income -21,170,679.74 -20,704,362.05
Special reserve 12,196,535.23 11,246,811.91
Surplus public reserve
Provision of general risk
Retained profit
Total owner’ s equity attributable to parent
company 5,980,802,290.29 5,824,782,654.09
Minority interests
Total owner’ s equity
Total liabilities and owner’ s equity
Legal Representative: Wu Dinggang
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
In RMB
Item Current period Last period
I. Total operating income
Including: Operating income
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost
Including: Operating cost
Interest expense
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras
Sales expense
Administrative expense
R&D expense
Financial expenses
-41,837,399.95 -38,818,897.38
Including: Interest expenses
Interest income
Add: other income
Investment income
Including: Investment income on affiliated company and joint
venture 6,580,724.07 6,156,271.45
The termination of income recognition for financial assets
measured by amortized cost -589,721.74 -2,610,734.55
Exchange income
Net exposure hedging income
Income from change of fair value
-36,212,338.39 1,581,886.04
Loss of credit impairment
Losses of devaluation of asset (
-10,212,156.71 -12,758,737.76
Income from assets disposal
III. Operating profit (Loss is listed with “-”)
Add: Non-operating income
Less: Non-operating expense
IV. Total profit (Loss is listed with “-”)
Less: Income tax expense
V. Net profit (Net loss is listed with “-”)
(i) Classify by business continuity
”)
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
(ii) Classify by ownership
VI. Net after-tax of other comprehensive income
-444,448.87 1,054,218.75
Net after-tax of other comprehensive income attributable to
owners of parent company -466,317.69 812,237.88
(i) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
transfer to gain/loss
(ii) Other comprehensive income items which will be reclassified
subsequently to profit or loss -466,317.69 812,237.88
transfer to gain/loss
income
financial statements -466,317.69 812,237.88
Net after-tax of other comprehensive income attributable to
minority shareholders 21,868.82 241,980.87
VII. Total comprehensive income
Total comprehensive income attributable to owners of parent
Company 155,069,912.88 123,352,588.98
Total comprehensive income attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.1510 0.1190
(ii) Diluted earnings per share 0.1510 0.1190
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuan
before combination, and realized 0.00 Yuan at last period for combined party.
Legal Representative: Wu Dinggang
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
In RMB
Item Current period Last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services
Net increase of customer deposit and interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from other financial institution
Cash received from original insurance contract fee
Net cash received from reinsurance business
Net increase of insured savings and investment
Cash received from interest, commission charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase of securities
Write-back of tax received
Other cash received concerning operating activities
Subtotal of cash inflow arising from operating activities
Cash paid for purchasing commodities and receiving labor service
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Net increase of capital lent
Cash paid for interest, commission charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers
Taxes paid
Other cash paid concerning operating activities
Subtotal of cash outflow arising from operating activities
Net cash flows arising from operating activities
-114,083,183.60 -372,008,676.48
II. Cash flows arising from investing activities:
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
Cash received from recovering investment
Cash received from investment income
Net cash received from disposal of fixed, intangible and other long-term
assets 95,000.00 114,445.00
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities
Cash paid for purchasing fixed, intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities
Net cash flows arising from investing activities
-894,256,249.92 -413,578,360.98
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing minority shareholders’ investment
by subsidiaries
Cash received from loans
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities
Cash paid for settling debts
Cash paid for dividend and profit distributing or interest paying
Including: Dividend and profit of minority shareholder paid by subsidiaries
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities
Net cash flows arising from financing activities
IV. Influence on cash and cash equivalents due to fluctuation in exchange
rate -432,457.38 -11,739,344.83
V. Net increase of cash and cash equivalents
-884,903,693.31 -783,569,107.27
Add: Balance of cash and cash equivalents at the period-begin
VI. Balance of cash and cash equivalents at the period-end
Legal Representative: Wu Dinggang
Person in charge of accounting works: Pang Haitao
Person in charge of accounting institute: Yang Jun
CHANGHONG MEILING CO., LTD.THE FIRST QUARTERLY REPORT OF 2024
(ii)The Company started implementing the updated accounting standards commencing from 2024
and adjusted the relevant items in the financial statements at the beginning of the very year involved
in the initial implementation of the said standards
□Applicable √Not applicable
(iii) Audit report
Whether the First quarterly report has been audited or not
□Yes √ No
The First quarterly report of the Company has not been audited.
Board of Directors of Changhong Meiling Co., Ltd.
April 20, 2024
。