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Rego Interactive Co., Ltd — Interim / Quarterly Report 2021
Oct 25, 2021
50588_rns_2021-10-25_df947393-548f-4576-9eb4-37442495163e.pdf
Interim / Quarterly Report
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1065)
Third Quarterly Report 2021
1. Important
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1.1 The board (the “ Board ”) of directors (the “ Directors ”) and the supervisory committee of Tianjin Capital Environmental Protection Group Company Limited (the “ Company ”) and all of its Directors, supervisors and senior management warrant that there are no false information, misleading statements or material omissions in this quarterly report, and accept joint and several responsibilities for the truthfulness, accuracy and completeness of the contents contained in this quarterly report.
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1.2 Mr. Liu Yujun, the chairman of the Company, Ms. Peng Yilin, the officer in charge of the accounting function, and Mr. Liu Tao, the officer in charge of the accounting department (the chief accountant) have warranted the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.
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1.3 The third quarterly report of the Company has not been audited.
1
2. Major Financial Data of the Company
2.1 Major accounting data and financial indicators
Unit: 0’000 Currency: RMB
| For the current reporting period (July to September) |
Increase/decrease for the current reporting period as compared to the same period lastyear(%) |
For the period from the beginning of the year to the end of the reporting period (January to September) |
Increase/decrease for the period from the beginning of the year to the end of the reporting period as compared to the same period lastyear(%) |
|
|---|---|---|---|---|
| Operatingincome | 136,061.1 | 41.91 | 326,456.5 | 31.63 |
| Net profit attributable to the shareholders of the Company |
24,019.9 | 33.65 | 54,468.8 | 24.74 |
| Net profit attributable to the shareholders of the Company after deduction of extraordinary profit or loss items |
22,460.1 | 40.52 | 48,895.3 | 26.55 |
| Net cash flow from operatingactivities | N/A | N/A | 82,611.7 | 70.82 |
| Basic earningsper share(RMB/share) | 0.17 | 33.65 | 0.38 | 22.58 |
| Diluted earningsper share(RMB/share) | 0.17 | 33.65 | 0.38 | 22.58 |
| Weighted average return ratio on net assets(%) |
3.50 | Increased by 0.67 percentagepoints |
8.01 | Increased by 1.10 percentagepoints |
| As at the end of the current reporting period |
As at the end of thepreviousyear | Increase/decrease as at the end of the current reporting period as compared to the end of the previous year(%) |
||
| Total assets | 2,148,083.7 | 1,880,296.9 | 14.24 | |
| Owner’s equity attributable to the shareholders of the Company |
701,270.6 |
659,135.1 | 6.39 |
2
2.2 Extraordinary profit or loss items and amounts
Unit: 0’000 Currency: RMB
| Unit: | 0’000 Currency: RMB | |
|---|---|---|
| Items | Amounts for the current reporting period (July to September) |
Amounts for the period from the beginning of the year to the end of the reporting period (January to September) |
| Gain or loss on disposal of non-current assets (including the portion offset bytheprovision for the impairment of assets) |
-216.6 | -216.9 |
| Government grants included in profit or loss for the current period other than those closely related to the normal operation of the Company, in compliance with national policies and regulations, as well as the government grants entitled continuously in accordance with certain standard quota orquantitybasis |
1,999.0 | 6,677.4 |
| Other non-operating income and expenditure except for those mentioned above |
35.9 | -39.8 |
| Impact on income tax | -284.5 | -1,104.1 |
| Impact on minorityinterests(after tax) | 26.0 | 256.9 |
| Total | 1,559.8 | 5,573.5 |
2.3 Description of and reasons for changes in major accounting data and financial indicators
| Items | Change (%) | Main reason |
|---|---|---|
| Currency funds | 60.99 | Mainly due to operating receipts and the increase in funds from debt financing during the currentperiod. |
| Notes receivable | 139.01 | Mainly due to new bank acceptance notes receivable by subsidiaries during the current period. |
| Prepayments | 275.96 | Mainly due to prepayment of sludge disposal costs duringthe currentperiod. |
| Inventories | 47.67 | Mainly due to the addition of raw materials such as pharmaceuticals during the current period. |
| Contract assets | N/A | Mainly due to the inclusion of construction service income corresponding to PPP projects under construction in contract assets in accordance with the “Interpretation of Accounting Standards for Business Enterprises No. 14” duringthe currentperiod. |
| Non-current assets due within one year |
743.11 | Mainly due to recognition of availability service fees receivable due within one year in accordance with the “Interpretation of Accounting Standards for Business Enterprises No. 14” duringthe currentperiod. |
| Other current assets | 34.69 | Mainly due to the increase in input VAT to be deducted duringthe currentperiod. |
3
| Items | Change (%) | Main reason |
|---|---|---|
| Long-term receivables | 111.46 | Mainly due to recognition of availability service fees for PPP projects of the Company as long-term receivables in accordance with the “Interpretation of Accounting Standards for Business Enterprises No. 14” during the currentperiod. |
| Construction in progress | 106.77 | Mainly due to the increase in investment in the construction of cooling and heating, hazardous waste and other projects under non-franchise model duringthe currentperiod. |
| Goodwill | N/A | Mainly due to recognition of goodwill on the hazardous waste projects acquired during the currentperiod. |
| Short-term borrowings | N/A | Mainly due to new short-term borrowings duringthe currentperiod. |
| Accrued payroll | –71.59 | Mainly due to payment of year-end bonus accrued at the end of 2020 during the current period. |
| Long-term borrowings | 71.36 | Mainly due to new long-term borrowings duringthe currentperiod. |
| Debentures payable | –100.00 | Mainly due to repayment of 18 Jinchuang Corporate Bonds (Phase I) during the current period. |
| Operating revenue | 31.63 | Due to increased income as a result of increase in sewage treatment of existing projects of the Company, and recognition of construction service income corresponding to PPP projects under construction in accordance with the “Interpretation of Accounting Standards for Business Enterprises No. 14” during the currentperiod. |
| Operating costs | 37.29 | Due to increased operating costs of the Company’s existing projects and newly operated projects as a result of growth in business volume and improved effluent water quality standards, and recognition of construction service cost corresponding to PPP projects under construction in accordance with the “Interpretation of Accounting Standards for Business Enterprises No. 14” during the currentperiod. |
| Sales expenses | 91.82 | Mainly due to the increase in hazardous wastes and sales expenses duringthe currentperiod. |
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| Items | Change (%) | Main reason |
|---|---|---|
| Research and development expenses |
54.76 | Mainly due to the increase in research and development investment during the current period as compared to the same period last year. |
| Other income | –34.03 | Mainly due to the decrease in the VAT refund upon collection in line with the decrease in the VAT paid as a result of lower VAT rate during the currentperiod. |
| Credit impairment losses | N/A | Mainly due to provision for bad debts on receivables made by subsidiaries during the currentperiod. |
| Net cash flow from operating activities |
70.82 | Mainly due to the increase in the operating receipts such as sewage treatment service fee during the current period as compared to the sameperiod lastyear. |
| Net cash flow from financing activities |
978.63 | Mainly due to the increase in new debt financing during the current period as compared to the sameperiod lastyear. |
| Net increase in cash and cash equivalents |
300.18 | Mainly due to the combined effect of cash flow from operating, investing and financing activities. |
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3. Information on Shareholders
3.1 Total number of shareholders and the shareholdings of the top ten shareholders and the top ten shareholders of circulating shares (or shareholders of non-restricted circulating shares) as at the end of the reporting period
| shares) as at the end of the reporting period | shares) as at the end of the reporting period | shares) as at the end of the reporting period | shares) as at the end of the reporting period | shares) as at the end of the reporting period | ||
|---|---|---|---|---|---|---|
| Total number of shareholders | 64,441, of which 61 were shareholders of H shares |
|||||
| Shareholdings of the top ten shareholders | ||||||
| Name of shareholders(full name) | Nature of shareholders |
Number of shares held at the end of the reporting period (shares) |
Percentage of shareholdings (%) |
Number of restricted shares held (shares) |
Pledged, marked or frozen | |
| Status of shares |
Number (shares) |
|||||
| Tianjin Municipal Investment Company Limited(“TMICL”) |
State-owned legalperson |
715,565,186 | 50.14 | 0 | None | – |
| HKSCC Nominees Limited | Other | 337,954,810 | 23.68 | 0 | None | – |
| Central Huijin Asset Management Ltd. | State-owned legalperson |
14,169,800 | 0.99 | 0 | None | – |
| Hong Kong Securities Clearing Company Limited |
Other | 9,466,054 | 0.66 | 0 | None | – |
| Zhejiang Jinxin Construction Engineering Co., Ltd. (浙江錦鑫建設工程有限公司) |
Domestic non-state-owned legalperson |
6,499,900 | 0.46 | 0 | None | – |
| Hou Hongyan (侯紅燕) | Domestic natural person |
4,400,000 | 0.31 | 0 | None | – |
| Shenyang Railway Coal Group Co., Ltd. (瀋陽鐵道煤炭集團有限公司) |
State-owned legalperson |
1,500,000 | 0.11 | 0 | None | – |
| Zhou Lunhui (周倫慧) | Domestic natural person |
1,270,000 | 0.09 | 0 | None | – |
| Wu Jinxin (吳俊新) | Domestic natural person |
1,234,300 | 0.09 | 0 | None | – |
| China Merchants Securities Co., Ltd | Stated-owned legalperson |
1,180,400 | 0.08 | 0 | None | – |
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Shareholdings of the top ten shareholders of non-restricted circulating shares
| Shareholdings of the top ten shareholders of non-restricted circulating shares | Shareholdings of the top ten shareholders of non-restricted circulating shares | Shareholdings of the top ten shareholders of non-restricted circulating shares | Shareholdings of the top ten shareholders of non-restricted circulating shares |
|---|---|---|---|
| Name of shareholders | Number of non-restricted circulating shares held(shares) |
Type and number of shares | |
| Type | Number(shares) | ||
| TMICL | 715,565,186 | OrdinaryRMB Shares | 715,565,186 |
| HKSCC Nominees Limited | 337,954,810 | H Shares | 337,954,810 |
| Central Huijin Asset Management Ltd. | 14,169,800 | OrdinaryRMB Shares | 14,169,800 |
| Hong Kong Securities Clearing CompanyLimited |
9,466,054 | Ordinary RMB Shares | 9,466,054 |
| Zhejiang Jinxin Construction Engineering Co., Ltd.(浙江錦鑫建設工程有限公司) |
6,499,900 | Ordinary RMB Shares | 6,499,900 |
| Hou Hongyan(侯紅燕) | 4,400,000 | OrdinaryRMB Shares | 4,400,000 |
| Shenyang Railway Coal Group Co., Ltd. (瀋陽鐵道煤炭集團有限公司) |
1,500,000 | Ordinary RMB Shares | 1,500,000 |
| Zhou Lunhui(周倫慧) | 1,270,000 | OrdinaryRMB Shares | 1,270,000 |
| Wu Jinxin(吳俊新) | 1,234,300 | OrdinaryRMB Shares | 1,234,300 |
| China Merchants Securities Co., Ltd | 1,180,400 | OrdinaryRMB Shares | 1,180,400 |
| Notes on the connected relationship or parties acting in concert among the above shareholders |
It is not certain whether there is any connected relationship among the top ten shareholders. It is not certain whether there is any connected relationship between the top ten shareholders of non-restricted circulating shares and the top ten shareholders. Notes: (1) According to the register of members as provided by HKSCC Nominees Limited, those H shares held by it were held on behalf of various clients. As at the end of the reporting period, Ningbo BSLS Trade Co., Ltd.(寧波百思樂斯貿易有限公司) and its concert parties Ningbo Ningdian Investment Development Co., Ltd. (寧波寧電投資發 展有限公司) and LVNENG Investment & Development Co., Ltd. (Hong Kong) held a total of 124,498,000 H shares of the Company, representing 8.72% of the total share capital of the Company, and none of the shares were pledged. (2) None of the top ten shareholders are strategic investors of the Company. |
||
| Description on engagement in margin trading and short selling and refinancing business by top ten shareholders and top ten non-restricted shareholders (if any) |
Zhejiang Jinxin Construction Engineering Co., Ltd. (浙江錦鑫建設工程有限公司) held, in aggregate, 6,499,900 shares of the Company, of which, 394,300 shares through ordinary securities account and 6,105,600 shares through credit securities account; Hou Hongyan (侯紅燕) held, in aggregate, 4,400,000 shares of the Company, of which, 0 shares through ordinary securities account and 4,400,000 shares through credit securities account; Zhou Lunhui (周倫慧) held, in aggregate, 1,270,000 shares of the Company, of which, 0 shares through ordinary securities account and 1,270,000 shares through credit securities account; Wu Jinxin (吳俊新) held, in aggregate, 1,234,300 shares of the Company, of which, 0 shares through ordinary securities account and 1,234,300 shares through credit securities account. |
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4. Reminders
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4.1 Other important information on operations of the Company during the reporting period on which investor’s attention are drawn
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(1) The Company convened the 32nd meeting of the eighth session of the Board on 13 July 2020 to consider the matters relating to the non-public issuance of A shares, and the relevant matters were considered and approved at the 2020 First Extraordinary General Meeting, the 2020 First H Shareholders’ Class Meeting and the 2020 First A Shareholders’ Class Meeting of the Company held on 7 September 2020. For details, please refer to the relevant announcements published on the websites of the Shanghai Stock Exchange (http://www.sse. com.cn) and the Hong Kong Stock Exchange (http://www.hkex.com.hk) on 14 July 2020 and 8 September 2020, respectively, as well as the Company’s circular published on the website of the Hong Kong Stock Exchange (http://www.hkex.com.hk) on 21 August 2020.
In light of the changes in the capital market condition, the Company adjusted the proposal of the 2020 non-public issuance of A shares of the Company having considered a combination of various factors in respect of the actual situation, development and planning of the Company, after careful analysis and repeated communications with respective parties. On 30 March 2021, the Company held the 47th meeting of the eighth session of the Board, on which the “Resolution regarding adjustment to the proposed 2020 non-public issuance of A shares” 《關於調整( 2020 年度非公開發行 A 股股票方案的議案》) were considered and approved to adjust the proposed 2020 non-public issuance of A shares. On the same day, the Company issued an announcement on the reply to feedback (revised version) on “Notice regarding CSRC’s Second Feedback on the Review of Administrative Permission Items”. For details of the above announcements, please refer to the relevant announcements published on the websites of the Shanghai Stock Exchange (http://www.sse.com.cn) and the Hong Kong Stock Exchange (http://www.hkex.com.hk) on 31 March 2021.
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Since the validity period of the resolution of the general meeting on the 2020 non-public issuance of A shares of the Company and the validity period for the authorization granted by the shareholders’ meeting of the Company to the Board and its authorized representative(s) to deal with the relevant issues on the 2020 non-public issuance of A shares of the Company were expired on 7 September 2021, to guarantee continuity of the related work on the 2020 non-public issuance of A shares of the Company, the Company held the 57th meeting of the eighth session of the Board on 3 September 2021, on which “Resolution regarding an extension of the validity period of the resolution of the general meeting on the 2020 nonpublic issuance of A shares of the Company” (《關於延長公司 2020 年度非公開發行 A 股 股票決議有效期的議案》) and “Resolution to propose to the shareholders’ meeting for the authorization granted to the Board and its authorized representative(s) to deal with the nonpublic issuance of shares” (《關於提請股東大會授權董事會及其授權人士全權辦理公司 非公開發行股票事宜有效期延期的議案》) were considered and approved. The Board of the Company agreed to extend the validity period of the resolution of the general meeting on the 2020 non-public issuance of A shares of the Company and the validity period of the proposal to the shareholders’ meeting of the Company for authorization granted to the Board and its authorized representative(s) to deal with the non-public issuance of A shares of the Company for 12 months from 7 September 2021 to 7 September 2022. Relevant matters were considered and approved at the 2021 Second Extraordinary General Meeting, the 2021 First H Shareholders’ Class Meeting and the 2021 First A Shareholders’ Class Meeting of the Company held on 15 October 2021. For details, please refer to the relevant announcements published on the websites of the Shanghai Stock Exchange (http://www.sse.com.cn) and the Hong Kong Stock Exchange (http://www.hkex.com.hk) on 3 September 2021 and 15 October 2021, respectively, as well as the Company’s circular published on the website of the Hong Kong Stock Exchange (http://www.hkex.com.hk) on 27 September 2021.
The 2020 non-public issuance of A shares of the Company remains subject to the obtaining of approval (the “ Approval ”) from the China Securities Regulatory Commission (the “ CSRC ”). There are still uncertainties on whether the Company can obtain the Approval in relation to the 2020 non-public issuance of A shares. The Company will perform its obligation of information disclosure in a timely manner according to the progress of the approval by CSRC. Shareholders and potential shareholders of the Company are advised to exercise caution when dealing in the securities of the Company.
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- (2) The impacts of the implementation of the “Accounting Standards for Business Enterprises No. 14 – Revenue” issued by the Ministry of Finance of the People’s Republic of China (“ PRC ”) on the Company: (1) this report is prepared in accordance with new accounting standards; (2) in view of the business conditions of the PPP projects, the Company has made adjustments to the retained earnings as at the beginning of 2021 and the amounts of relevant items in the financial statements in respect of the contracts of the relevant PPP projects. The specific impacts are as follows:
Unit: Yuan Currency: RMB
| Amounts of the impacts | Amounts of the impacts | |
|---|---|---|
| on the balance as at | ||
| Affected items in the financial statements | 1 January 2021 | |
| The Group | The Company | |
| Long-term receivables | 1,690,626,429.93 | 0 |
| Contract assets | 258,758,430.48 | 0 |
| Intangible assets | -1,753,383,335.85 | 0 |
| Trade receivables | -133,401,583.16 | 0 |
| Deferred income tax liabilities | 14,665,917.93 | 0 |
| Undistributed profits as at the beginning of the period | 47,934,023.47 | 0 |
The change in accounting policies is effected by the Company in accordance with the provisions and requirements of the relevant notice issued by the Ministry of Finance of the PRC and in compliance with the provisions of relevant laws and regulations and the actual situation of the Company and will not have material impact on the financial position and operating results of the Company and there is no damage to the interests of the Company and its shareholders.
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5. Quarterly Financial Statements
5.1 Type of audit opinion
□ Applicable √ Not applicable
5.2 Financial statements
Consolidated Balance Sheet
As at 30 September 2021
Unit: ’000 Currency: RMB
| Items CURRENT ASSETS: Currency funds Notes receivable Trade receivables Prepayments Other receivables Inventories Contract assets Non-current assets due within one year Other current assets Total current assets NON-CURRENT ASSETS: Long-term receivables Long-term equity investments Other equity instruments investments Fixed assets Construction in progress Intangible assets Goodwill Deferred income tax assets Other non-current assets Total non-current assets TOTAL ASSETS |
Balance as at the end of the period 2,678,353 6,348 2,417,379 98,578 23,287 25,784 374,433 169,036 110,754 5,903,952 3,483,568 195,000 2,000 972,748 20,385 10,119,240 498,766 13,661 271,517 15,576,885 21,480,837 |
Balance as at the beginning of the year 1,663,646 2,656 1,959,083 26,220 24,117 17,460 0 20,049 82,228 3,795,459 1,647,402 195,000 2,000 809,495 9,859 11,999,818 0 12,965 330,971 15,007,510 18,802,969 |
|---|---|---|
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| Items CURRENT LIABILITIES: Short-term borrowings Trade payables Contract liabilities Accrued payroll Taxes payable Other payables Including: Interests payable Dividends payable Non-current liabilities due within one year Total current liabilities NON-CURRENT LIABILITIES: Long-term borrowings Debentures payable Long-term payables Provisions Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities TOTAL LIABILITIES OWNERS’ EQUITY (OR SHAREHOLDERS’ EQUITY): Paid-up capital (or share capital) Capital reserves Surplus reserves Undistributed Profits Total equity attributable to owners of the Company (or shareholders’ equity) Minority interests Total owners’ equity (or shareholders’) equity TOTAL LIABILITIES AND OWNERS’ EQUITY (OR SHAREHOLDERS’ EQUITY) |
Balance as at the end of the period 142,819 338,570 589,612 24,327 53,196 1,105,289 1,635 0 1,616,893 3,870,706 7,244,895 0 220,113 14,691 1,959,646 125,104 34,000 9,598,449 13,469,155 1,427,228 431,024 619,054 4,535,400 7,012,706 998,976 8,011,682 21,480,837 |
Balance as at the beginning of the year 0 294,973 527,410 85,620 56,841 955,773 2,097 142 1,596,263 3,516,880 4,227,894 1,098,848 247,734 13,737 1,981,434 100,799 34,000 7,704,446 11,221,326 1,427,228 431,024 619,054 4,114,045 6,591,351 990,292 7,581,643 18,802,969 |
|---|---|---|
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Consolidated Income Statement January to September 2021
Unit: ’000 Currency: RMB
| Amounts for | |||||
|---|---|---|---|---|---|
| the period | |||||
| from the | |||||
| Amounts for | beginning of the | ||||
| the period | previous year to | ||||
| from the | the end of the | ||||
| beginning | corresponding | ||||
| of the year to | reporting period | ||||
| the end of the | of the | ||||
| reporting period | previous year | ||||
| (January | (January to | ||||
| Items | to September) | September) | |||
| 1. | Total operating income | 3,264,565 | 2,480,166 | ||
| Including: Operating income | 3,264,565 | 2,480,166 | |||
| 2. | Total operating costs | 2,643,707 | 2,006,262 | ||
| Including: Operating costs | 2,281,942 | 1,662,080 | |||
| Tax and surcharges | 27,439 | 31,114 | |||
| Sales expenses | 22,660 | 11,813 | |||
| Administrative expenses | 126,509 | 108,976 | |||
| Research and development expenses | 6,930 | 4,478 | |||
| Finance expenses | 178,227 | 187,801 | |||
| Including: Interest expenses | 237,093 | 195,048 | |||
| Interest income | 82,464 | 17,906 | |||
| Add: Other income | 78,805 | 119,459 | |||
| Credit impairment losses | |||||
| (losses are stated by “-”) | –2,076 | 0 | |||
| 3. | Operating profit (losses are stated by “-”) | 697,587 | 593,363 | ||
| Add: Non-operating income | 674 | 726 | |||
| Less: Non-operating expenses | 3,414 | 2,807 | |||
| 4. | Total profit (total losses are stated by “-”) | 694,847 | 591,282 | ||
| Less: Income tax expenses | 112,064 | 111,491 | |||
| 5. | Net profit (net losses are stated by “-”) | 582,783 | 479,791 | ||
| (I) | Classified by continuity of operations | ||||
| 1. | Net profit from continuing operations |
||||
| (net losses are stated by “-”) | 582,783 | 479,791 | |||
| (II) | Classified by ownership of the equity | ||||
| 1. | Net profit attributable to shareholders of the |
||||
| Company (net losses are stated by “-”) | 544,688 | 436,674 | |||
| 2. | Loss or profit attributable to minority |
||||
| shareholders (net losses are stated by “-”) | 38,095 | 43,117 |
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| Amounts for | ||||
|---|---|---|---|---|
| the period | ||||
| from the | ||||
| Amounts for | beginning of the | |||
| the period | previous year to | |||
| from the | the end of the | |||
| beginning | corresponding | |||
| of the year to | reporting period | |||
| the end of the | of the | |||
| reporting period | previous year | |||
| (January | (January to | |||
| Items | to September) | September) | ||
| 6. | Total | comprehensive income | 582,783 | 479,791 |
| (I) | Total comprehensive income attributable to | |||
| owners of the Company | 544,688 | 436,674 | ||
| (II) | Total comprehensive income attributable to | |||
| minority shareholders | 38,095 | 43,117 | ||
| 7. | Earnings per share: | |||
| (I) | Basic earnings per share (RMB/share) | 0.38 | 0.31 | |
| (II) | Diluted earnings per share (RMB/share) | 0.38 | 0.31 |
For the business combination under common control effected in the current period, the net profit recognized by the merged party before the combination was RMB0, and the net profit recognized by the merged party in the previous period was RMB0.
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Consolidated Cash Flow Statement January to September 2021
Unit: ’000 Currency: RMB
| Amounts for the | |||
|---|---|---|---|
| period from the | |||
| beginning of the | |||
| previous year to | |||
| Amounts for the | the end of the | ||
| period from the | corresponding | ||
| beginning of the | reporting period | ||
| year to the end | of the | ||
| of the reporting | previous year | ||
| period (January | (January to | ||
| Items | to September) | September) | |
| 1. | Cash flow from operating activities: | ||
| Cash received from sales of goods and rendering of | |||
| services | 2,511,581 | 1,930,950 | |
| Taxes and levies rebate received | 27,586 | 79,902 | |
| Cash receipts relating to other operating activities | 126,933 | 172,620 | |
| Sub-total of cash inflow from operating activities | 2,666,100 | 2,183,472 | |
| Cash paid for goods and services | 1,161,559 | 946,275 | |
| Cash paid to and on behalf of employees | 328,146 | 270,243 | |
| Payment of taxes and levies | 220,616 | 303,130 | |
| Cash payments relating to other operating activities | 129,662 | 180,218 | |
| Sub-total of cash outflow from operating activities | 1,839,983 | 1,699,866 | |
| Net cash flow generated from operating activities | 826,117 | 483,606 | |
| 2. | Cash flow from investing activities: | ||
| Net cash received from disposal of fixed assets, | |||
| intangible assets and other long-term assets | 204 | 49 | |
| Cash receipts from other investing activities | 0 | 3,900 | |
| Sub-total of cash inflow from investing activities | 204 | 3,949 | |
| Cash paid to acquire and construct fixed assets, | |||
| intangible assets and other long-term assets | 730,399 | 1,137,277 | |
| Cash paid for investments | 696,008 | 0 | |
| Cash payments relating to other investing activities | 0 | 1,500 | |
| Sub-total of cash outflow from investing activities | 1,426,407 | 1,138,777 | |
| Net cash flow generated from investing activities | –1,426,203 | –1,134,828 |
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| Amounts for the | |||
|---|---|---|---|
| period from the | |||
| beginning of the | |||
| previous year to | |||
| Amounts for the | the end of the |
||
| period from the | corresponding |
||
| beginning of the | reporting period |
||
| year to the end | of the |
||
| of the reporting | previous year |
||
| period (January | (January to |
||
| Items | to September) | September) | |
| 3. | Cash flow from financing activities: | ||
| Cash received from assimilated investments | 2,298 | 15,647 | |
| Including: cash received from minority shareholders’ | |||
| investments assimilated by subsidiaries | 2,298 | 15,647 | |
| Cash received from borrowings | 4,390,126 | 2,011,429 | |
| Sub-total of cash inflow from financing activities | 4,392,424 | 2,027,076 | |
| Cash paid for repayment of debt | 2,348,660 | 1,520,925 | |
| Cash paid for distribution of dividends, profits or | |||
| interest payments | 438,048 | 357,285 | |
| Including: Dividends and profits paid by subsidiaries | |||
| to minority shareholders | 31,709 | 31,925 | |
| Sub-total of cash outflow from financing activities | 2,786,708 | 1,878,210 | |
| Net cash flow generated from financing activities | 1,605,716 | 148,866 | |
| 4. | Effect of foreign exchange rate changes on | ||
| cash and cash equivalent | 0 | 0 | |
| 5. | Net increase in cash and cash equivalents | 1,005,630 | –502,356 |
| Add: Balance of cash and cash equivalents at the | |||
| beginning of the period | 1,652,657 | 2,066,301 | |
| 6. | Balance of cash and cash equivalents at the end of | ||
| the period | 2,658,287 | 1,563,945 | |
| 5.3 | Adjustments to the financial statements as at the | beginning of the | year during which |
| new lease standards have been adopted for the first | time since 2021 |
□ Applicable √ Not applicable
By order of the Board Liu Yujun Chairman
Tianjin, the PRC 25 October 2021
As at the date of this announcement, the Board comprises three executive Directors: Mr. Liu Yujun, Ms. Wang Jing and Mr. Niu Bo; two non-executive Directors: Mr. Gu Wenhui and Mr. Si Xiaolong; and three independent non-executive Directors: Mr. Di Xiaofeng, Mr. Guo Yongqing and Mr. Wang Xiangfei.
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