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.
ANNOUNCEMENT IN RELATION TO THE UNAUDITED CONSOLIDATED
FINANCIAL RESULTS OF DIGITAL CHINA INFORMATION SERVICE
COMPANY LTD.* FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2019
This announcement is made by Digital China Holdings Limited (the "Company") pursuant to Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).
The board of directors of the Company (the "Board") hereby notifies that the unaudited consolidated financial results of 神州數碼信息服務股份有限公司 (Digital China Information Service Company Ltd.*) ("DCITS") and its subsidiaries for the third quarter ended 30 September 2019 (the "Results") has been released on 21 October 2019. DCITS is the Company's 40.43% non-wholly-owned subsidiary, the shares of which are listed on The Shenzhen Stock Exchange.
The following is a summary of the Results together with the comparative figures of DCITS and its subsidiaries for the previous corresponding financial period:
Digital China Information Service Company Ltd.*
Summary of the unaudited consolidated financial results of DCITS
For the third quarter ended 30 September 2019
Three months | Nine months | Three months | Nine months | |
ended 30 | ended 30 | ended 30 | ended 30 | |
September 2019 | September 2019 | September 2018 | September 2018 | |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |
RMB'000 | RMB'000 | RMB'000 | RMB'000 | |
Revenue | 2,104,044 | 6,234,238 | 2,010,354 | 6,171,257 |
Net profit before taxation | 74,655 | 200,213 | 46,475 | 296,710 |
Net profit for the period | 55,777 | 182,394 | 46,234 | 294,177 |
Net profit attributable to | ||||
DCITS's shareholders | 61,170 | 190,314 | 45,864 | 296,356 |
1 |
Please refer to the full text of the Results attached to this announcement for details.
Shareholders and investors of the Company are reminded that the information above relates to the financial information of the Company's 40.43% non-wholly-owned subsidiary, DCITS, rather than that of the Company. The financial information in this announcement is based on preliminary financial data of DCITS, has not been audited nor reviewed by its auditors.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.
By Order of the Board
Digital China Holdings Limited
(神州數碼控股有限公司*)
GUO Wei
Chairman and Chief Executive Officer
Hong Kong, 21 October 2019
At the publication of this announcement, the Board comprises nine directors, namely:
Executive Directors: Mr. GUO Wei (Chairman and Chief Executive Officer) and Mr. LIN Yang (Vice Chairman)
Non-executive Directors: Mr. YU Ziping and Mr. PENG Jing
Independent Non-executive Directors: Mr. WONG Man Chung, Francis, Ms. NI Hong (Hope), Dr. LIU Yun, John, Ms. YAN Xiaoyan and Mr. KING William
Website: www.dcholdings.com
* For identification purpose only
2
Hereinbelow is a reproduction of the announcement made by DCITS pursuant to the relevant listing rules of The Shenzhen Stock Exchange.
(Note: Unless otherwise stated, the following currencies are all in RMB dollars.)
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
Digital China Information Service Company Ltd.
2019 Third Quarterly Report
October 2019
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
I. IMPORTANT NOTE
The Board of Directors and the Supervisory Committee of the Company, its Directors, supervisors and senior management members warrant that the contents of this quarterly report, for which they assume joint and several legal liabilities, are true, accurate and complete without any false representations, misleading statements or material omissions.
All Directors except the following have attended in person the meeting of the Board of Directors for the consideration of this quarterly report:
Name of Director not | Position of Director not | Reasons for not attending | Name of appointee |
attending in person | attending in person | meeting in person | |
Lu Benfu | Independent director | Business reasons | Wang Nengguang |
Guo Wei, the person-in-charge of the Company, Zhang Yunfei, the person-in-charge of accounting operations and Zhang Xiuhui, the head of the accounting department (head of accounting), warrant that the financial statements in this quarterly report are true, accurate and complete.
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
- GENERAL INFORMATION OF THE COMPANY
- Principal accounting figures and financial indicators
Whether the Company has made retrospective adjustment to or restatement of the accounting data of prior years □ Yes √ No
As at the end of the | As at the end of | Increase/decrease as at | ||||||||||||||||||||||
the end of the reporting | ||||||||||||||||||||||||
reporting period | last year | period compared with | ||||||||||||||||||||||
the end of last year | ||||||||||||||||||||||||
Total assets (RMB) | 9,986,486,358.01 | 10,696,306,209.17 | -6.64% | |||||||||||||||||||||
Net assets attributable to shareholders of the | 5,039,130,284.13 | 4,946,084,692.51 | 1.88% | |||||||||||||||||||||
listed company (RMB) | ||||||||||||||||||||||||
Increase/decrease | From the | Increase/decrease | ||||||||||||||||||||||
For the reporting | in the reporting | beginning of the | of the reporting | |||||||||||||||||||||
period compared | ||||||||||||||||||||||||
period compared | year to the end of | |||||||||||||||||||||||
period | with the same | |||||||||||||||||||||||
with the same | the reporting | |||||||||||||||||||||||
period of last | ||||||||||||||||||||||||
period of last year | period | |||||||||||||||||||||||
year | ||||||||||||||||||||||||
Operating revenue (RMB) | 2,104,043,896.30 | 4.66% | 6,234,237,899.77 | 1.02% | ||||||||||||||||||||
Net profit attributable to | ||||||||||||||||||||||||
shareholders of the listed | 61,170,421.26 | 33.37% | 190,314,176.44 | -35.78% | ||||||||||||||||||||
company (RMB) | ||||||||||||||||||||||||
Net profit after extraordinary gain or loss items | ||||||||||||||||||||||||
attributable to | 14,951,902.63 | -63.37% | 133,579,710.40 | 5.25% | ||||||||||||||||||||
shareholders of the listed | ||||||||||||||||||||||||
company (RMB) | ||||||||||||||||||||||||
Net cash flows from operating activities (RMB) | -- | -- | -614,865,394.82 | 14.68% | ||||||||||||||||||||
Basic earnings per share | 0.0635 | 33.40% | 0.1975 | -35.79% | ||||||||||||||||||||
(RMB/share) | ||||||||||||||||||||||||
Diluted earnings per share | 0.0635 | 33.40% | 0.1975 | -35.79% | ||||||||||||||||||||
(RMB/share) | ||||||||||||||||||||||||
Weighted average return on net assets | 1.22% | 0.33% | 3.83% | -2.05% | ||||||||||||||||||||
Items and amounts of extraordinary gain or loss | ||||||||||||||||||||||||
√ Applicable □ N/A | ||||||||||||||||||||||||
Unit: RMB | ||||||||||||||||||||||||
Amount from the | ||||||||||||||||||||||||
Item | beginning of the year to end | Note | ||||||||||||||||||||||
of the reporting period | ||||||||||||||||||||||||
Gain/loss from the disposal of non-current assets (including | ||||||||||||||||||||||||
written-off portions for which asset impairment provision has | 900,350.85 | |||||||||||||||||||||||
been made) | ||||||||||||||||||||||||
Government grants included in current period's profit and loss | ||||||||||||||||||||||||
(other than government grants closely related to the business of | 17,225,268.71 | |||||||||||||||||||||||
the enterprise and received in fixed amounts or fixed instalments | ||||||||||||||||||||||||
in accordance with uniform national standards) | ||||||||||||||||||||||||
Gain/loss from the fair-value change in trading financial assets, | ||||||||||||||||||||||||
derivative financial assets, trading financial liabilities and | 19,602,281.49 | |||||||||||||||||||||||
derivative financial liabilities, and investment income from the | ||||||||||||||||||||||||
disposal of trading financial assets, derivative financial assets, |
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
trading financial liabilities, derivative financial liabilities and | ||
other debt investments, other than effective hedging for value | ||
protection relating to the Company's normal operations | ||
Non-operating income and expenses other than the above | 1,046,791.95 | |
Investment gain on disposal of long-term equity interests | 23,717,643.82 | |
Less: Effect of income tax | 5,409,316.06 | |
Effect of minority interests (after tax) | 348,554.72 | |
Total | 56,734,466.04 | -- |
An explanatory statement should be made in respect of extraordinary gain or loss items defined under the"Explanatory Announcement No. 1 for Information Disclosure by Public Issuers of Securities -Extraordinary Gain or Loss Items", as well as the classification of extraordinary gain or loss items defined under the "Explanatory Announcement No. 1 for Information Disclosure by Public Issuers of Securities -Extraordinary Gain or Loss Items" as recurring profit or loss items by the Company
□ Applicable √ N/A
For the reporting period, the Company has not classified any extraordinary gain or loss items as defined under or set out in the "Explanatory Announcement No. 1 for Information Disclosure by Public Issuers of Securities -Extraordinary Gain or Loss Items" as recurring profit or loss items.
- Total number of shareholders and particulars of shareholdings of the top 10 shareholders at the end of the reporting period
1. Total number of ordinary shareholders and preferential shareholders with reinstated voting rights and particulars of shareholdings of the top 10 shareholders
Unit: Share | ||||||||||
Total number of preferential | ||||||||||
Total number of ordinary shareholders as | 63,000 | shareholders with reinstated | 0 | |||||||
at the end of the reporting period | voting rights as at the end of | |||||||||
the reporting period | ||||||||||
Particulars of shareholding of the top 10 shareholders | ||||||||||
Number of shares | Pledged or frozen | |||||||||
Name of shareholder | Nature of | Percentage of | Number of | held subject to | Status of | |||||
shareholder | shareholding | shares held | trading | Number | ||||||
shares | ||||||||||
moratorium | ||||||||||
Digital China Software | Non-state-ow | |||||||||
Limited (神州數碼軟件有 | ned domestic | 40.43% | 389,540,110 | 0 | Pledged | 270,490,483 | ||||
限公司) ("DCSL") | legal person | |||||||||
China-Singapore Suzhou | ||||||||||
Industrial Park Ventures | State-owned | |||||||||
Co., Ltd. (中新蘇州工業 | 6.71% | 64,675,937 | 0 | Pledged | 21,000,000 | |||||
legal person | ||||||||||
園區創業投資有限公司) | ||||||||||
("CSSIP") | ||||||||||
Pingxiang Xinrui | ||||||||||
Corporate Management | Non-state-ow | |||||||||
Partnership (Limited | ||||||||||
ned domestic | 5.41% | 52,101,765 | 0 | |||||||
Partnership) (萍鄉信銳企 | ||||||||||
業管理合夥企業(有限合 | legal person | |||||||||
夥)) ("Pingxiang Xinrui") | ||||||||||
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
Kunshan Shenchang | |||||||
Technology Co., Ltd. (昆 | State-owned | ||||||
山市申昌科技有限公司) | 5.16% | 49,708,280 | 0 | Frozen | 6,632,000 | ||
legal person | |||||||
("Shenchang | |||||||
Technology") | |||||||
China Galaxy Securities | |||||||
Co., Ltd. (中國銀河證券 | State-owned | 1.94% | 18,660,000 | 0 | |||
股份有限公司) ("Galaxy | legal person | ||||||
Securities") | |||||||
Infinity I-China | Foreign legal | ||||||
Investments(Israel),L.P. | 1.36% | 13,130,434 | 0 | Pledged | 13,130,434 | ||
person | |||||||
("Infinity I-China") | |||||||
Wang Yufei (王宇飛) | Domestic | 0.94% | 9,082,000 | 0 | Pledged | 8,790,000 | |
natural person | |||||||
Cheng Yanyun (程艷雲) | Domestic | 0.89% | 8,527,926 | 8,527,926 | |||
natural person | |||||||
Wu Donghua (吳冬華) | Domestic | 0.80% | 7,735,638 | 7,735,638 | |||
natural person | |||||||
Zhang Dandan (張丹丹) | Domestic | 0.64% | 6,212,438 | 0 | Pledged | 4,830,000 | |
natural person | |||||||
Particulars of shareholdings of the top 10 shareholders not subject to trading moratorium | |||||||
Name of shareholder | Number of shares held not subject | Class of shares | |||||
to trading moratorium | Class of shares | Number | |||||
DSCL | 389,540,110 | RMB ordinary shares | 389,540,110 | ||||
CSSIP | 64,675,937 | RMB ordinary shares | 64,675,937 | ||||
Pingxiang Xinrui | 52,101,765 | RMB ordinary shares | 52,101,765 | ||||
Shenchang Technology | 49,708,280 | RMB ordinary shares | 49,708,280 | ||||
Galaxy Securities | 18,660,000 | RMB ordinary shares | 18,660,000 | ||||
Infinity I-China | 13,130,434 | RMB ordinary shares | 13,130,434 | ||||
Wang Yufei (王宇飛) | 9,082,000 | RMB ordinary shares | 9,082,000 | ||||
Zhang Dandan (張丹丹) | 6,212,438 | RMB ordinary shares | 6,212,438 | ||||
He Shenglong (賀勝龍) | 5,050,000 | RMB ordinary shares | 5,050,000 | ||||
Feng Jiangang (馮健剛) | 3,601,400 | RMB ordinary shares | 3,601,400 | ||||
DCSL and Pingxiang Xinrui were connected parties under Paragraph 4 of "Accounting | |||||||
Description of connected relationships or | Standards for Business Enterprises No. 36 -Disclosure of Connected Parties". Unless | ||||||
concerted party relationships among the | otherwise described above, DCSL has no connected relationship or person acting in | ||||||
aforesaid shareholders | concert with other shareholders and the Company is not aware of connected relationship | ||||||
or person acting in concert between other shareholders. | |||||||
Description of participation in margin | Nil | ||||||
trading by any of the top 10 shareholders | |||||||
Whether any of the top 10 ordinary shareholders and top 10 ordinary shareholders not subject to trading moratorium of the Company conducted any transactions on agreed repurchases during the reporting period
- Yes √ No
None of the top 10 ordinary shareholders and top 10 ordinary shareholders not subject to trading moratorium of the Company has conducted any transactions on agreed repurchases during the reporting period.
2. Total number of preferential shareholders and particulars of shareholding of the top 10 preferential shareholders
□ Applicable √ N/A
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
- SIGNIFICANT EVENTS
- Changes in major accounting items and financial indicators during the reporting period and reasons therefor
- Applicable □ N/A
(I) Reasons for change in the balance sheet items:
Item | Closing balance (RMB) | Opening balance (RMB) | Percentage of | Note |
change | ||||
Cash and bank balances | 668,735,635.67 | 1,518,050,558.45 | -55.95% | 1 |
Trading financial assets | 658,542,970.12 | 1,121,676,020.00 | -41.29% | 2 |
Bills receivable | 8,179,943.26 | 20,024,810.58 | -59.15% | 3 |
Prepayments | 204,272,694.18 | 115,911,248.60 | 76.23% | 4 |
Development expenses | 41,361,687.19 | 17,733,832.82 | 133.24% | 5 |
Short-term borrowings | 1,052,224,430.96 | 1,661,499,464.30 | -36.67% | 6 |
Bills payable | 749,481,260.43 | 503,401,182.16 | 48.88% | 7 |
Staff remuneration payable | 197,499,593.18 | 342,082,828.52 | -42.27% | 8 |
Non-current liabilities due within | 50,000,000.00 | 20,000,000.00 | 150.00% | 9 |
one year | ||||
Long-term borrowings | - | 45,000,000.00 | -100.00% | 10 |
Long-term payables | 6,195,238.00 | 4,454,762.00 | 39.07% | 11 |
Estimated liabilities | 660,000.00 | 4,535,900.00 | -85.45% | 12 |
Notes: The opening balances in the above table represent the balances after adjustments at the beginning of the period in accordance with the new accounting standards on financial instruments.
- Cash and bank balances decreased by 55.95% as compared to last year, which was mainly attributable to the cash outflows from operating activities and repayment of bank loans during the period;
- Trading financial assets decreased by 41.29% as compared to last year, which was mainly attributable to the redemption of bank wealth management products during the period;
- Bills receivable decreased by 59.15% as compared to last year, which was mainly attributable to the repayment from the matured bills receivable and decreased bills during the period;
- Prepayments increased by 76.23% as compared to last year, which was mainly attributable to the increase in prepayments for procurement for large projects during the period;
- Development expenses increased by 133.24% as compared to last year, which was mainly attributable to the increase in research and development projects during the period;
- Short-termborrowings decreased by 36.67% as compared to last year, which was mainly attributable to the repayment of short-term borrowings during the period;
- Bills payable increased by 48.88% as compared to last year, which was mainly attributable to the increase in bank acceptance bills settled during the period;
- Staff remuneration payable decreased by 42.27% as compared to last year, which was mainly attributable to the payment of bonus provided as at the end of the last year;
- Non-currentliabilities due within one year increased by 150.00% as compared to last year, which was mainly attributable to that the long-term borrowings will become due within one year;
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
- Long-termborrowings decreased by 100.00% as compared to last year, which was mainly attributable to the reclassification of long-term borrowings into non-current liabilities due within one year during the period;
- Long-termpayables increased by 39.07% as compared to last year, which was mainly attributable to the increase in convertible bonds during the period;
- Estimated liabilities decreased by 85.45% as compared to last year, which was mainly attributable to the payment of legal fees during the period;
(II) Reasons for changes in income statement items:
Item | Amount for the | Amount for the same | Percentage of | Note |
current period (RMB) | period of last year (RMB) | change | ||
Research and development | 241,550,502.75 | 157,647,149.67 | 53.22% | 13 |
expenses | ||||
Financial expenses | 67,525,657.21 | 41,309,076.87 | 63.46% | 14 |
Investment income | 61,265,349.16 | 173,992,996.53 | -64.79% | 15 |
Gains on changes in fair value | 16,166,950.12 | 78,559.50 | 20479.24% | 16 |
Non-operating income | 3,405,417.79 | 333,033.74 | 922.54% | 17 |
Income tax expenses | 17,819,544.80 | 2,532,463.81 | 603.64% | 18 |
13.Research and development expenses increased by 53.22% as compared to the last corresponding year, which was mainly attributable to the increase in investments in research and development during the period;
- Financial expenses increased by 63.46% as compared to the last corresponding year, which was mainly attributable to the increase in interest expenses and decrease in exchange gain during the period;
- Investment income decreased by 64.79% as compared to the last corresponding year, which was mainly attributable to the significant amount of income from disposal of part of equity interests of a subsidiary during the last corresponding year;
- Gains on changes in fair value increased by 20,479.24% as compared to the last corresponding year, which was mainly attributable to the increase in share investment and fair value of non-bank wealth management products during the period;
- Non-operatingincome increased by 922.54% as compared to the last corresponding year, which was mainly attributable to the increase in gains on disposal of retirement fixed assets during the period as compared to the last corresponding year;
- Income tax expenses increased by 603.64% as compared to the last corresponding year, which was mainly attributable to the decrease in provision for deferred income tax assets during the period;
(III) Reasons for change in cash flow statement items:
Amount for the current | Amount for the same | Percentage | ||
Item | period of last year | Note | ||
period (RMB) | of change | |||
(RMB) | ||||
Net cash flows from investing activities | 474,157,884.41 | -323,118,497.22 | 246.74% | 19 |
Net cash flows from financing activities | -714,491,181.80 | -264,050,680.36 | -170.59% | 20 |
Effect on cash and cash equivalents due to | -152,946.17 | -756,954.20 | 79.79% | 21 |
change in foreign currency exchange rate | ||||
- Net cash flows from investing activities increased by 246.74% as compared to the last corresponding year, which was mainly attributable to the redemption of wealth management products during the period;
- Net cash flows from financing activities decreased by 170.59% as compared to the last corresponding year, which was mainly attributable to the net repayment of borrowings during the period;
- Effect on cash and cash equivalents due to change in foreign currency exchange rate increased by 79.79% as compared to the last corresponding year, which was mainly attributable to the exchange rate fluctuations in the external financial market during the period.
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
II. Progress of significant events and analysis of their impacts and solutions
- Applicable □ N/A
1. Progress of the 2019 Share Option and Restricted Share Incentive Scheme
On 23 April 2019, the Company convened the 2019 third interim meeting of the eighth session of the Board at which the resolutions in relation to the "2019 Share Option and Restricted Share Incentive Scheme (Draft) of the Company and Its Summary" (《關於公司<2019年股票期權與限制性股票激勵計劃(草案)>及其摘要的議案》), etc. were considered and approved. On 8 May 2019, the Company convened the 2019 fourth interim meeting of the eighth session of the Board at which the resolutions in relation to the "2019 Share Option and Restricted Share Incentive Scheme (Revised Draft) of the Company and Its Summary" (《關於公司 <2019年股票期權與限制性股票激勵計劃(草案修訂稿)>及其摘要的議案》), etc. were considered and approved. In accordance with relevant provisions of the Administrative Measures for the Equity Incentives of Listed Companies (《上市公司股權激勵管理辦 法》) (the "Administrative Measures"), the Company has published the names and positions of the incentive recipients within the Company and the supervisory committee conducted verification on the incentive recipients based on the publication. On 22 May 2019, the Company disclosed the "Explanations and Verification Opinions of the Supervisory Committee on the Publication of Incentive Recipients of the 2019 Share Option and Restricted Share Incentive Scheme" (《監事會關於2019年股票期權與限制性股 票激勵計劃激勵對象名單的公示情況說明及核查意見》).
On 10 September 2019, the Company convened the 2019 third extraordinary general meeting at which the resolutions in relation to the 2019 Share Option and Restricted Share Incentive Scheme, etc. were considered and approved. On 17 September 2019, the Company convened the seventh interim meeting of the eighth session of the Board at which the Resolution in relation to the "Adjustment to the Name List of Incentive Recipients, Number of Options to be Granted and Price under the 2019 Share Option and Restricted Share Incentive Scheme" (《關於調整2019年股票期權與限制性股票激勵計劃激勵對象名單、授予權益數量及價格的 議案》) and the "Resolution in relation to Grant of Share Options and Restricted Shares to Incentive Recipients" (《關於向激勵對象 授予股票期權與限制性股票的議案》) were considered and approved, pursuant to which it was determined that the grant date of the share options and restricted shares should be 17 September 2019. The total number of interests to be granted to incentive recipients under the incentive scheme is 29.87 million including 22.47 million share options and 7.40 million restricted shares. For details of the abovementioned matters, please refer to relevant announcements published in the Securities Times and on the website of CNINFO* (巨潮資訊網網站http://www.cninfo.com.cn).
As at the disclosure date of this announcement, the 2019 Share Option and Restricted Share Incentive Scheme are still valid and the grant registration procedures are yet to be completed.
2. Progress of donation for participation in establishment of Beijing Fintech Research Institute (北京金融科技研究院)
In order to promote the joint development of the fintech industry, on 10 September 2019, the Company convened the 2019 sixth interim meeting of the eighth session of the Board at which the Resolution in relation to "Donation for Participation in Establishment of Beijing Fintech Research Institute" (《關於捐贈資金參與設立北京金融科技研究院的議案》) was considered and approved, pursuant to which Digital China Rongxin Software Limited* (神州數碼融信軟件有限公司), a wholly-owned subsidiary of the Company, was approved to participate in the establishment of Beijing Fintech Research Institute (北京金融科技研究院) (the "Research Institute") as a promoter and donate RMB2 million with its own funds as the start-up funds for the Research Institute. For details, please refer to the Announcement on "Donation for Participation in Establishment of Beijing Fintech Research Institute" 《( 關 於捐贈資金參與設立北京金融科技研究院的公告》) published by the Company in the Securities Times and on the website of CNINFO* (巨潮資訊網網站) 11 September 2019. As at the disclosure date of this announcement, the Company has not yet been completed the actual capital contribution.
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
3. Progress of disposal of shares by a subsidiary of the Company
Digital China Software (BVI) Limited (the "DC Software"), a subsidiary of the Company, disclosed the "Announcement on the Plan of Reduction of Shareholding by Shareholders Holding 5% or above Equity Interests in the Company" 《( 關於公司持股5%以上 的股東減持股份計劃的公告》) through Digiwin Software Co., Ltd. (鼎捷軟件股份有限公司) (stock code: 300378, stock abbreviation: Digiwin Software). For details, please refer to the "Announcement on the Plan of Reduction of Shareholding by Shareholders Holding 5% or above Equity Interests in the Company" (《關於公司持股5%以上的股東減持股份計劃的公告》) (announcement no.: 2019-04057) (the "Shareholding Reduction Plan") published by Digiwin Software on the website of CNINFO* (巨潮資訊網) and in the Securities Times and China Securities Journal.
The Company published the "Announcement on Disposal of Shares of Digiwin Software by a Subsidiary" (《關於下屬子公司 出售鼎捷軟件股份的公告》) and the "Announcement on Disposal of Shares to Public by a Subsidiary" (《關於下屬子公司對外出 售股票資產的公告》) (announcement no.: 2019-063,2019-065,2019-066) in the Securities Times and the website of CNINFO* (巨 潮資訊網) on 30 July, 2 August and 6 August 2019, respectively. On 29 August 2019, the Company convened the third meeting of the eighth session of the Board at which the Resolution in relation to "Authorization of the Management to Dispose Shares" (《關於 授權管理層處置股票資產的議案》) was considered and approved, pursuant to which the management was authorized to dispose the remaining unsold shares under the Shareholding Reduction Plan in due course. For details, please refer to the "Announcement on Authorization of the Management to Dispose Shares" (《關於授權管理層處置股票資產的公告》) published by the Company in the Securities Times and on the website of CNINFO* (巨潮資訊網) on 31 August 2019. The above matter has been considered and approved at the 2019 third extraordinary general meeting of the Company. The Company disclosed the "Announcement on Progress of the Disposal of Shares to Public by a Subsidiary" (《關於下屬子公司對外出售股票資產的進展公告》) (announcement no.: 2019-090) in the Securities Times and on the website of CNINFO* (巨潮資訊網) on 25 September 2019.
As at the disclosure date of this announcement, DC Software has accumulatively disposed 3,031,000 shares of Digiwin Software and still holds 43,696,639 shares of Digiwin Software, representing approximately 16.43% of the total share capital of Digiwin Software. The Company will continue to pay attention to the disposal of shares of Digiwin Software by DC Software and fulfill the information disclosure and approval obligations in a timely manner.
4. Index of the Company's announcements during the reporting period:
Brief description of material matter | Date of disclosure | Search index for website on which interim |
announcements are published | ||
Holding announcement on the convening of the first extraordinary | 02 January 2019 | http://www.cninfo.com.cn |
general meeting of 2019 | ||
Announcement of resolutions of the first extraordinary general | 03 January 2019 | http://www.cninfo.com.cn |
meeting of 2019 | ||
Announcement of resolutions of the first interim meeting of 2019 | 03 January 2019 | http://www.cninfo.com.cn |
of the eighth session of the board of directors | ||
Announcement of resolutions of the first interim meeting of 2019 | 03 January 2019 | http://www.cninfo.com.cn |
of the eighth session of the supervisory committee | ||
Announcement of pledge of shares by the controlling shareholder | 05 January 2019 | http://www.cninfo.com.cn |
of the Company | ||
Announcement of implementation of sell-down of shares by | 10 January 2019 | http://www.cninfo.com.cn |
members of the senior management of the Company | ||
Preliminary Announcement of sell-down of shares in the Company | 10 January 2019 | http://www.cninfo.com.cn |
by a shareholder | ||
Holding announcement on projected continuing connected | 12 January 2019 | http://www.cninfo.com.cn |
transactions in 2019 | ||
Announcement of unusual stock trading movement | 18 January 2019 | http://www.cninfo.com.cn |
Announcement of receipt of government grants | 23 January 2019 | http://www.cninfo.com.cn |
Announcement of resolutions of the second interim meeting of | 31 January 2019 | http://www.cninfo.com.cn |
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2019 of the eighth session of the board of directors | ||
Announcement on projected continuing connected transactions in | 31 January 2019 | http://www.cninfo.com.cn |
2019 | ||
Announcement of estimated amount of guarantee to be provided | 31 January 2019 | http://www.cninfo.com.cn |
by the Company and its subsidiaries | ||
Announcement of securities investment using internal funds | 31 January 2019 | http://www.cninfo.com.cn |
Announcement of financial assistance provided to a subsidiary | 31 January 2019 | http://www.cninfo.com.cn |
Notice convening the second extraordinary general meeting of | 31 January 2019 | http://www.cninfo.com.cn |
2019 | ||
Preliminary announcement of 2018 annual results | 31 January 2019 | http://www.cninfo.com.cn |
Announcement of supplementary pledge of shares by a | 31 January 2019 | http://www.cninfo.com.cn |
shareholder | ||
Announcement of resolutions of the second interim meeting of | 31 January 2019 | http://www.cninfo.com.cn |
2019 of the eighth session of the supervisory committee | ||
Holding announcement on the convening of the second | 15 February 2019 | http://www.cninfo.com.cn |
extraordinary general meeting of 2019 | ||
Announcement of resolutions of the second extraordinary general | 19 February 2019 | http://www.cninfo.com.cn |
meeting of 2019 | ||
Announcement of the award of the hi-tech enterprise certificate to | 07 March 2019 | http://www.cninfo.com.cn |
a subsidiary | ||
Announcement on repurchase by way of share pledge conducted | 09 March 2019 | http://www.cninfo.com.cn |
by the controlling shareholder of the Company | ||
Announcement on repurchase by way of share pledge conducted | 28 March 2019 | http://www.cninfo.com.cn |
by the controlling shareholder of the Company | ||
Announcement of resolutions of the first meeting of the eighth | 28 March 2019 | http://www.cninfo.com.cn |
session of the board of directors | ||
Summary of 2018 Annual Report | 28 March 2019 | http://www.cninfo.com.cn |
Notice of the 2018 annual general meeting | 28 March 2019 | http://www.cninfo.com.cn |
Announcement on provision for asset impairment | 28 March 2019 | http://www.cninfo.com.cn |
Announcement of resolutions of the first meeting of the eighth | 28 March 2019 | http://www.cninfo.com.cn |
session of the supervisory committee | ||
Announcement on progress of sell-down of shares by a | 08 April 2019 | http://www.cninfo.com.cn |
shareholder | ||
Announcement of resolutions of the second meeting of the eighth | 12 April 2019 | http://www.cninfo.com.cn |
session of the board of directors | ||
2019 first quarterly report | 12 April 2019 | http://www.cninfo.com.cn |
Announcement of resolutions of the second meeting of the eighth | 12 April 2019 | http://www.cninfo.com.cn |
session of the supervisory committee | ||
Announcement on provision for asset impairment | 12 April 2019 | http://www.cninfo.com.cn |
Announcement of receipt of government grants | 12 April 2019 | http://www.cninfo.com.cn |
Holding announcement on the convening of the annual general | 16 April 2019 | http://www.cninfo.com.cn |
meeting of 2018 | ||
Announcement of resolutions of the 2018 annual general meeting | 19 April 2019 | http://www.cninfo.com.cn |
Announcement of resolutions of the third interim meeting of 2019 | 24 April 2019 | http://www.cninfo.com.cn |
of the eighth session of the board of directors | ||
Announcement of resolutions of the third interim meeting of 2019 | 24 April 2019 | http://www.cninfo.com.cn |
of the eighth session of the supervisory committee | ||
Announcement on provision of guarantee by a wholly-owned | 26 April 2019 | http://www.cninfo.com.cn |
subsidiary of the Company | ||
Announcement on the partial release of pledge of shares by the | 27 April 2019 | http://www.cninfo.com.cn |
controlling shareholder of the Company | ||
Announcement - Progress on sell-down of shares by a shareholder | 06 May 2019 | http://www.cninfo.com.cn |
with shareholdings of 5% or above |
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Announcement on repurchase by way of share pledge conducted | 07 May 2019 | http://www.cninfo.com.cn |
by the controlling shareholder of the Company | ||
Announcement of resolutions of the fourth interim meeting of | 09 May 2019 | http://www.cninfo.com.cn |
2019 of the eighth session of the board of directors | ||
Explanations on Revision of the 2019 Share Option and Restricted | 09 May 2019 | http://www.cninfo.com.cn |
Share Incentive Scheme (Draft) | ||
Announcement of resolutions of the fourth interim meeting of | 09 May 2019 | http://www.cninfo.com.cn |
2019 of the eighth session of the supervisory committee | ||
Announcement on extension of the repurchase by way of share | 22 May 2019 | http://www.cninfo.com.cn |
pledge conducted by the controlling shareholder of the Company | ||
Explanations and Verification Opinions of the Supervisory | ||
Committee on the Publication of Incentive Recipients of the 2019 | 22 May 2019 | http://www.cninfo.com.cn |
Share Option and Restricted Share Incentive Scheme | ||
Announcement of receipt of government grants | 28 May 2019 | http://www.cninfo.com.cn |
Announcement on implementation of rights and interests | 31 May 2019 | http://www.cninfo.com.cn |
distribution for 2018 | ||
Notice convening the third extraordinary general meeting of 2019 | 31 May 2019 | http://www.cninfo.com.cn |
Report on the open solicitation of voting rights by independent | 31 May 2019 | http://www.cninfo.com.cn |
directors | ||
Holding announcement on the convening of the third | 10 June 2019 | http://www.cninfo.com.cn |
extraordinary general meeting of 2019 | ||
Announcement of resolutions of the fifth interim meeting of 2019 | 13 June 2019 | http://www.cninfo.com.cn |
of the eighth session of the board of directors | ||
Announcement on cancellation of the 2019 third extraordinary | 13 June 2019 | http://www.cninfo.com.cn |
general meeting and convening the meeting in due course | ||
Holding announcement on changes in the interests of shareholders | 29 June 2019 | http://www.cninfo.com.cn |
with shareholdings of 5% or above | ||
Announcement of implementation of sell-down of shares by | 09 July 2019 | http://www.cninfo.com.cn |
shareholders with shareholdings of 5% or above | ||
Preliminary announcement of sell-down of shares in the Company | 09 July 2019 | http://www.cninfo.com.cn |
by shareholders with shareholdings of 5% or above | ||
Holding announcement on changes in the interests of shareholders | 09 July 2019 | http://www.cninfo.com.cn |
with shareholdings of 5% or above | ||
Supplemental announcement on changes in the interests of | 09 July 2019 | http://www.cninfo.com.cn |
shareholders with shareholdings of 5% or above | ||
Announcement on progress of investment in establishment of an | 13 July 2019 | http://www.cninfo.com.cn |
industrial investment fund | ||
Announcement on the partial release of pledge of shares by the | 30 July 2019 | http://www.cninfo.com.cn |
shareholders of the Company | ||
Announcement on disposal of shares of Digiwin Software by a | 30 July 2019 | http://www.cninfo.com.cn |
subsidiary | ||
Announcement of implementation of sell-down of shares by | 31 July 2019 | http://www.cninfo.com.cn |
shareholders with shareholdings of 5% or above | ||
Announcement on disposal of shares to public by a subsidiary | 02 August 2019 | http://www.cninfo.com.cn |
Announcement on disposal of shares to public by a subsidiary | 06 August 2019 | http://www.cninfo.com.cn |
Announcement on completion of fund change filing and | 07 August 2019 | http://www.cninfo.com.cn |
registration procedures for the industrial investment fund | ||
Announcement on the release of pledge of shares by the | 13 August 2019 | http://www.cninfo.com.cn |
shareholders of the Company | ||
Announcement of resolutions of the third meeting of the eighth | 31 August 2019 | http://www.cninfo.com.cn |
session of the board of directors | ||
Summary of 2019 Interim Report | 31 August 2019 | http://www.cninfo.com.cn |
Announcement on authorization of the management to dispose | 31 August 2019 | http://www.cninfo.com.cn |
shares | ||
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
Announcement of financial assistance provided to a subsidiary | 31 August 2019 | http://www.cninfo.com.cn |
Notice convening the third extraordinary general meeting of 2019 | 31 August 2019 | http://www.cninfo.com.cn |
Report on the open solicitation of voting rights by independent | 31 August 2019 | http://www.cninfo.com.cn |
directors | ||
Announcement on provision for asset impairment and write-off of | 31 August 2019 | http://www.cninfo.com.cn |
assets | ||
Announcement on resignation of senior management of the | 31 August 2019 | http://www.cninfo.com.cn |
Company | ||
Announcement of resolutions of the third meeting of the eighth | 31 August 2019 | http://www.cninfo.com.cn |
session of the supervisory committee | ||
Announcement of receipt of government grants | 31 August 2019 | http://www.cninfo.com.cn |
Announcement of resolutions of the sixth interim meeting of 2019 | 11 September 2019 | http://www.cninfo.com.cn |
of the eighth session of the board of directors | ||
Announcement on donation for participation in establishment of | 11 September 2019 | http://www.cninfo.com.cn |
Beijing Fintech Research Institute | ||
Holding announcement on the convening of the third | 12 September 2019 | http://www.cninfo.com.cn |
extraordinary general meeting of 2019 | ||
Announcement of pledge of shares by the controlling shareholder | 12 September 2019 | http://www.cninfo.com.cn |
of the Company | ||
Announcement of resolutions of the third extraordinary general | 17 September 2019 | http://www.cninfo.com.cn |
meeting of 2019 | ||
Self-inspection report on insiders under the 2019 Share Option and | ||
Restricted Share Incentive Scheme and trading of shares of the | 17 September 2019 | http://www.cninfo.com.cn |
Company by incentive recipients | ||
Announcement of resolutions of the seventh interim meeting of | 18 September 2019 | http://www.cninfo.com.cn |
2019 of the eighth session of the board of directors | ||
Announcement on adjustment to the name list of incentive | ||
recipients, number of options to be granted and price under the | 18 September 2019 | http://www.cninfo.com.cn |
2019 Share Option and Restricted Share Incentive Scheme | ||
Announcement on grant of share options and restricted shares to | 18 September 2019 | http://www.cninfo.com.cn |
incentive recipients | ||
Announcement of resolutions of the fifth interim meeting of 2019 | 18 September 2019 | http://www.cninfo.com.cn |
of the eighth session of the supervisory committee | ||
Verification opinions of the supervisory committee on the name | ||
life of incentive recipients as at the grant date of the 2019 Share | 18 September 2019 | http://www.cninfo.com.cn |
Option and Restricted Share Incentive Scheme | ||
Announcement on disposal of shares to public by a subsidiary | 26 September 2019 | http://www.cninfo.com.cn |
Progress of implementation of share repurchase
- Applicable √ N/A
Progress of implementation of sell-down of repurchased shares by way of centralised bidding
- Applicable √ N/A
- Undertakings of relevant parties including the Company and its de facto controller, shareholders, connected parties and acquirers of which performances had yet to be completed as at the end of the reporting period
- Applicable √ N/A
The Company had no undertakings of relevant parties, including the Company and its de facto controller, shareholders, connected parties and acquirers, of which performances had yet to be completed as at the end of the reporting period.
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
IV. Estimates on operating results for 2019
Warnings and explanations on estimated loss or significant change (as compared to the same period of the previous year) in net accumulated profit for the period from the beginning of the year to the end of the next reporting period
- Applicable □ N/A
Estimated results: significant increase in the same direction
Numeric data type of the estimated results: interval number
From the beginning of the year | Corresponding | |||||||||
to the end of the next reporting | period of last | Increase/decrease | ||||||||
period | year | |||||||||
Estimated amount of | ||||||||||
accumulative net profit (RMB | 36,000 | -- | 40,000 | 4,209.62 | Increase | 755.18% | -- | 850.20% | ||
ten thousand) | ||||||||||
Basic earnings per share | 0.3737 | -- | 0.4152 | 0.0437 | Increase | 755.07% | -- | 850.07% | ||
(RMB/Share) | ||||||||||
During the year, the Company focused its key efforts and advantageous resources on strategic and | ||||||||||
innovative businesses with better development prospects and the ATM business was properly | ||||||||||
disposed of in 2018. Therefore, in light of the complex and volatile external environment, the | ||||||||||
Explanation on the estimated | Company's strategic shift and upgrade was continuously advanced. The financial technology software | |||||||||
and services business achieved relatively stable operation and development. As at result, the net | ||||||||||
results | ||||||||||
profit for the year is expected to increase significantly year-on-year. This estimation of results is the | ||||||||||
result of preliminary calculations by the Company's finance department. The specific financial data | ||||||||||
will be disclosed by the Company in detail in the 2019 annual report. Investors are advised to make | ||||||||||
careful decisions and pay attention to investment risks. | ||||||||||
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
V. Investment in securities
- Applicable □ N/A
Unit: RMB | |||||||||||||
Gain/loss | Cumulative | Amount | Amount | ||||||||||
Book value at | fair value | Gain/loss for | Book value at | Source | |||||||||
Type of | Stock | Stock | Initial | Accounting | from | Accounting | |||||||
change | purchased | disposed | |||||||||||
the beginning | fair-value | the reporting | the end of the | of | |||||||||
securities | code | name | investment cost | method | accounted | during the | during the | classification | |||||
of the period | change for | period | period | funds | |||||||||
for in | period | period | |||||||||||
the period | |||||||||||||
equity | |||||||||||||
19 | |||||||||||||
Bond | 155228 | Zhongxi | 280,000,000.00 | Fair-value | 280,000,000.00 | 280,000,000.00 | 3,340,141.76 | Others | Internal | ||||
01 (19 中 | measurement | funds | |||||||||||
希 01) | |||||||||||||
Domestic/foreign | Digital | Fair-value | Trading | Internal | |||||||||
000034 | 23,937,265.50 | 21,676,020.00 | 3,851,724.00 | 4,259,458.80 | 25,527,744.00 | financial | |||||||
stock | China | measurement | funds | ||||||||||
assets | |||||||||||||
Domestic/foreign | Fair-value | Trading | Internal | ||||||||||
003816 | CGN | 12,450.00 | 12,450.00 | 24,068.67 | 11,618.67 | financial | |||||||
stock | measurement | funds | |||||||||||
assets | |||||||||||||
Total | 303,949,715.50 | -- | 21,676,020.00 | 3,851,724.00 | 0.00 | 280,012,450.00 | 280,024,068.67 | 7,611,219.23 | 25,527,744.00 | -- | -- | ||
Date of announcement of the Board | |||||||||||||
of Directors' meeting approving the | 31 January 2019 | ||||||||||||
securities investments | |||||||||||||
Date of announcement of the general | |||||||||||||
meeting approving the securities | |||||||||||||
investments (if any) | |||||||||||||
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Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
VI. Entrusted fund management
- Applicable □ N/A
Unit: RMB ten thousand
Specific type of | Source of funds under | Amount of entrusted fund | Outstanding | Amount overdue | ||||||||||||||||||||||||||||||||||||||||||||||||||
and under yet to be | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
entrustment | entrusted management | management incurred | balance | |||||||||||||||||||||||||||||||||||||||||||||||||||
recouped | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank investment product | Internal funds | 120,900 | 37,070 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Securities firm investment product | Internal funds | 30,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other categories | Internal funds | 16,000 | 25,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 166,900 | 62,070 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Details of high-risk entrusted fund management with individually material amounts or a lower level of security or liquidity without guaranteed repayment of principal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
√ Applicable □ N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unit: RMB ten thousand | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Actual | General | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Name of | Realisation | Any entrusted | description | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain/loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Type of | of | |||||||||||||||||||||||||||||||||||||||||||||||||||||
trustee | of | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Method for | Pro-forma | incurred | Impairment | Statutory | fund | the matter | ||||||||||||||||||||||||||||||||||||||||||||||||
institution | trustee | Product | Source | Investment | Anticipated | gain/loss | ||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Start date | End date | determining | annualised | for | provision | procedures | management | and | |||||||||||||||||||||||||||||||||||||||||||||
(or | institution | type | of fund | target | yield | for the | ||||||||||||||||||||||||||||||||||||||||||||||||
fees | yield rate | the | provided | fulfilled | plan in | relevant | ||||||||||||||||||||||||||||||||||||||||||||||||
name of | (or trustee) | reporting | ||||||||||||||||||||||||||||||||||||||||||||||||||||
reporting | future | index | ||||||||||||||||||||||||||||||||||||||||||||||||||||
trustee) | period | |||||||||||||||||||||||||||||||||||||||||||||||||||||
period | for | |||||||||||||||||||||||||||||||||||||||||||||||||||||
enquiry | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
China Citic | income | Repayment | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank, | Bank | 15 | products | of principal | ||||||||||||||||||||||||||||||||||||||||||||||||||
Beijing | Internal | 16 April | (bonds, | and | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bank | Investment | 10,000 | January | 4.30% | 107.21 | 107.21 | Realised | Yes | Yes | |||||||||||||||||||||||||||||||||||||||||||||
Zhichun | funds | 2019 | notes, etc) | interests | ||||||||||||||||||||||||||||||||||||||||||||||||||
product | 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Road | and debt | upon | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Sub-branch | class | maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 10,000 | -- | -- | -- | -- | -- | -- | 107.21 | 107.21 | -- | -- | -- | -- | |||||||||||||||||||||||||||||||||||||||||
Expected inability to recoup the principal amount under entrusted fund management or other situations that might result in impairment
□ Applicable √ N/A
15
Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
VII. Derivative Investments
- Applicable √ N/A
There was no derivative investment during the reporting period.
VIII. Registration record of reception of analysts, communications and press interviews during the reporting period
- Applicable □ N/A
Date | Mode | Type of audience received | Index for general research information |
http://www.cninfo.com.cn/new/disclosur | |||
25 July 2019 | On-site visit | Institution | e/detail?plate=szse&stockCode=000555 |
&announcementId=1206474348&annou | |||
ncementTime=2019-07-25 | |||
http://www.cninfo.com.cn/new/disclosur | |||
02 September 2019 | Telephone communication | Institution | e/detail?plate=szse&stockCode=000555 |
&announcementId=1206886920&annou | |||
ncementTime=2019-09-04 | |||
http://www.cninfo.com.cn/new/disclosur | |||
10 September 2019 | On-site visit | Institution | e/detail?plate=szse&stockCode=000555 |
&announcementId=1206917360&annou | |||
ncementTime=2019-09-11 | |||
IX. Guarantees for third parties in violation of regulations
- Applicable √ N/A
There was no provision of guarantees to third parties by the Company in violation of regulations during the reporting period.
X. Appropriation of non-operating funds of the listed company by the controlling shareholder and its connected parties
- Applicable √ N/A
There was no appropriation of non-operating funds of the listed company by the Company's controlling shareholder and its connected parties during the reporting period.
16
Full text of the 2019 Third Quarterly Report of Digital China Information Service Company Ltd.
IV. FINANCIAL STATEMENTS
I. Financial Statements
1. Consolidated balance sheet
Prepared by: Digital China Information Service Company Ltd.
30 September 2019
Unit: RMB | ||
Item | 30 September 2019 | 31 December 2018 |
Current assets: | ||
Cash and bank balances | 668,735,635.67 | 1,518,050,558.45 |
Balances with clearing companies | ||
Loans to banks and other financial institutions | ||
Trading financial assets | 658,542,970.12 | |
Financial assets at fair value through profit and loss | 21,676,020.00 | |
Derivative financial assets | ||
Bills receivable | 8,179,943.26 | 20,024,810.58 |
Trade receivables | 3,213,890,480.98 | 3,006,436,880.14 |
Receivables financing | ||
Prepayments | 204,272,694.18 | 115,911,248.60 |
Premium receivable | ||
Receivables from reinsurers | ||
Reinsurance contract reserves receivable | ||
Other receivables | 179,211,198.32 | 152,877,183.82 |
Including: Interest receivable | ||
Dividend receivable | ||
Purchase of repo financial assets | ||
Inventories | 2,055,931,286.94 | 1,726,098,649.25 |
Contract assets | ||
Assets classified as held-for-sale | ||
Non-current assets due within one year | ||
Other current assets | 19,917,053.07 | 1,122,833,926.47 |
Total current assets | 7,008,681,262.54 | 7,683,909,277.31 |
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Non-current assets: | |||
Disbursement of loans and advances | |||
Debt investments | |||
Available-for-sale financial assets | 110,334,697.32 | ||
Other debt investments | |||
Held-to-maturity investments | |||
Long-term receivables | |||
Long-term equity investments | 488,791,920.15 | 509,384,368.44 | |
Other investments in equity instruments | 133,442,498.00 | ||
Other non-current financial assets | |||
Investment properties | 14,094,490.35 | 14,373,078.37 | |
Fixed assets | 502,164,562.47 | 532,791,372.68 | |
Construction in progress | |||
Productive biological assets | |||
Oil & gas assets | |||
Right of use assets | |||
Intangible assets | 121,071,226.50 | 152,873,405.70 | |
Development expenses | 41,361,687.19 | 17,733,832.82 | |
Goodwill | 1,544,132,544.03 | 1,544,132,544.03 | |
Long-term deferred and prepaid expenses | 18,802,507.98 | 23,532,165.55 | |
Deferred income tax assets | 113,943,658.80 | 107,241,466.95 | |
Other non-current assets | |||
Total non-current assets | 2,977,805,095.47 | 3,012,396,931.86 | |
Total assets | 9,986,486,358.01 | 10,696,306,209.17 | |
Current liabilities: | |||
Short-term borrowings | 1,052,224,430.96 | 1,661,499,464.30 | |
Borrowings from central bank | |||
Placements from banks and other financial institutions | |||
Trading financial liabilities | |||
Financial liabilities at fair value through profit and loss | |||
Derivative financial liabilities | |||
Bills payables | 749,481,260.43 | 503,401,182.16 | |
Trade payables | 1,736,554,400.81 | 1,757,615,905.90 | |
Advanced receipts | 757,143,845.24 | 1,050,093,691.53 | |
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Contract liabilities | ||
Funds from selling and repurchasing financial assets | ||
Customer bank deposits and amounts due to banks and | ||
other financial institutions | ||
Customer brokerage deposits | ||
Funds from securities underwriters | ||
Staff remuneration payable | 197,499,593.18 | 342,082,828.52 |
Taxes payable | 112,471,745.99 | 112,910,824.33 |
Other payables | 147,534,751.17 | 127,834,661.60 |
Including: Interest payable | 1,540,298.66 | 4,668,907.86 |
Dividend payable | ||
Fees and commission payable | ||
Due to reinsurers | ||
Liabilities classified as held-for-sale | ||
Non-current liabilities due within one year | 50,000,000.00 | 20,000,000.00 |
Other current liabilities | ||
Total current liabilities | 4,802,910,027.78 | 5,575,438,558.34 |
Non-current liabilities: | ||
Reserves for insurance contracts | ||
Long-term borrowings | 45,000,000.00 | |
Bonds payables | ||
Including: preferential shares | ||
perpetual notes | ||
Lease liabilities | ||
Long-term payables | 6,195,238.00 | 4,454,762.00 |
Long-term staff remuneration payable | ||
Estimated liabilities | 660,000.00 | 4,535,900.00 |
Deferred income | 22,387,805.09 | 25,358,580.41 |
Deferred income tax liabilities | 26,845,116.67 | 17,832,072.29 |
Other non-current liabilities | ||
Total non-current liabilities | 56,088,159.76 | 97,181,314.70 |
Total liabilities | 4,858,998,187.54 | 5,672,619,873.04 |
Owners' equity: | ||
Share capital | 963,431,273.00 | 963,431,273.00 |
Other equity instruments | ||
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Including: preferential shares | |||||
perpetual notes | |||||
Capital reserve | 2,271,767,136.05 | 2,274,178,387.44 | |||
Less: Treasury stock | |||||
Other comprehensive income | 75,172,807.36 | 66,489,317.80 | |||
Special reserve | |||||
Surplus reserve | 27,209,080.61 | 27,209,080.61 | |||
General risk provisions | |||||
Retained profits | 1,701,549,987.11 | 1,614,776,633.66 | |||
Total owners' equity attributable to parent company | 5,039,130,284.13 | 4,946,084,692.51 | |||
Minority shareholder's interest | 88,357,886.34 | 77,601,643.62 | |||
Total owners' equity | 5,127,488,170.47 | 5,023,686,336.13 | |||
Total liabilities and owners' equity | 9,986,486,358.01 | 10,696,306,209.17 | |||
Legal representative: Guo Wei | Person-in-charge of accounting | Head of accounting department: | |||
operations: Zhang Yunfei | Zhang Xiuhui |
2. Balance sheet of the parent company
Unit: RMB | ||
Item | 30 September 2019 | 31 December 2018 |
Current assets: | ||
Cash and bank balances | 27,223,728.61 | 26,836,259.23 |
Trading financial assets | 287,530,424.29 | |
Financial assets at fair value through profit and loss | 21,676,020.00 | |
Derivative financial assets | ||
Bills receivable | 12,562,754.56 | |
Trade receivables | 26,375,843.76 | 221,408,715.75 |
Receivables financing | ||
Prepayments | 6,470,471.12 | 159,900.05 |
Other receivables | 17,070,545.32 | 69,586,506.00 |
Including: Interest receivable | ||
Dividend receivable | ||
Inventories | 84,107,321.73 | 21,467,571.28 |
Contract assets | ||
Assets classified as held-for-sale | ||
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Non-current assets due within one year | |||
Other current assets | 4,180,275.71 | 251,797,684.09 | |
Total current assets | 452,958,610.54 | 625,495,410.96 | |
Non-current assets: | |||
Debt investments | |||
Available-for-sale financial assets | 71,812,197.32 | ||
Other debt investments | |||
Held-to-maturity investments | |||
Long-term receivables | 26,400,000.00 | 26,400,000.00 | |
Long-term equity investments | 2,757,388,815.25 | 2,754,581,026.60 | |
Other investments in equity instruments | 54,435,005.00 | ||
Other non-current financial assets | |||
Investment properties | |||
Fixed assets | 167,537.73 | 222,927.86 | |
Construction in progress | |||
Productive biological assets | |||
Oil & gas assets | |||
Right of use assets | |||
Intangible assets | 111,749.00 | 305,084.00 | |
Development expenses | |||
Goodwill | |||
Long-term deferred and prepaid expenses | 221,821.31 | 295,761.75 | |
Deferred income tax assets | |||
Other non-current assets | |||
Total non-current assets | 2,838,724,928.29 | 2,853,616,997.53 | |
Total assets | 3,291,683,538.83 | 3,479,112,408.49 | |
Current liabilities: | |||
Short-term borrowings | 37,707,081.38 | ||
Trading financial liabilities | |||
Financial liabilities at fair value through profit and loss | |||
Derivative financial liabilities | |||
Bills payables | 93,263,551.08 | 21,639,707.31 | |
Trade payables | 25,052,808.27 | 243,655,540.32 | |
Advanced receipts | 58,855,024.79 | 5,318,079.89 | |
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Contract liabilities | |||
Staff remuneration payable | 6,019,386.36 | 8,801,149.66 | |
Taxes payable | 166,050.93 | 330,117.23 | |
Other payables | 1,006,058.68 | 2,101,760.19 | |
Including: Interest payable | 57,600.00 | ||
Dividend payable | |||
Liabilities classified as held-for-sale | |||
Non-current liabilities due within one year | |||
Other current liabilities | |||
Total current liabilities | 184,362,880.11 | 319,553,435.98 | |
Non-current liabilities: | |||
Long-term borrowings | |||
Bonds payables | |||
Including: preferential shares | |||
perpetual notes | |||
Lease liabilities | |||
Long-term payables | |||
Long-term staff remuneration payable | |||
Estimated liabilities | |||
Deferred income | |||
Deferred income tax liabilities | |||
Other non-current liabilities | |||
Total non-current liabilities | |||
Total liabilities | 184,362,880.11 | 319,553,435.98 | |
Owners' equity: | |||
Share capital | 963,431,273.00 | 963,431,273.00 | |
Other equity instruments | |||
Including: preferential shares | |||
perpetual notes | |||
Capital reserve | 2,099,414,949.00 | 2,099,414,949.00 | |
Less: Treasury stock | |||
Other comprehensive income | -17,377,192.32 | ||
Special reserve | |||
Surplus reserve | 27,209,080.61 | 27,209,080.61 | |
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Retained profits | 34,642,548.43 | 69,503,669.90 |
Total owners' equity | 3,107,320,658.72 | 3,159,558,972.51 |
Total liabilities and owners' equity | 3,291,683,538.83 | 3,479,112,408.49 |
3. Consolidated income statement for the reporting period
Unit: RMB | ||
Item | Amount for the | Amount for the |
current period | previous period | |
1. Total operating revenue | 2,104,043,896.30 | 2,010,354,029.70 |
Including: Operating revenue | 2,104,043,896.30 | 2,010,354,029.70 |
Interest income | ||
Earned premium | ||
Fees and commission income | ||
2. Total operating cost | 2,062,601,013.83 | 1,956,684,311.78 |
Including: Operating cost | 1,748,209,226.02 | 1,655,097,162.58 |
Interest expenses | ||
Fees and commission expenses | ||
Surrenders | ||
Net amount of compensation payout | ||
Net amount of reserves for insurance liabilities | ||
Policyholder dividends expenses | ||
Expenses for reinsurance accepted | ||
Taxes and surcharges | 7,379,382.55 | 5,146,225.10 |
Selling expenses | 117,823,865.81 | 144,600,046.47 |
Administrative expenses | 70,517,304.41 | 86,501,387.63 |
Research and development expenses | 96,895,928.75 | 45,594,224.14 |
Financial expenses | 21,775,306.29 | 19,745,265.86 |
Including: Interest expenses | 20,873,330.92 | 16,928,510.54 |
Interest income | 1,045,387.43 | 2,104,823.83 |
Add: Other income | 11,980,666.38 | 14,522,877.34 |
Investment income (loss indicated by "-") | 29,607,909.64 | 2,276,668.06 |
Including: Investment income from associates and joint ventures | 5,278,422.06 | 2,943,744.32 |
Gains on derecognition of financial assets measured at amortized | ||
cost | ||
Exchange gains (loss indicated by "-") | ||
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Gains on net exposure hedging (loss indicated by "-") | ||
Gains from change in fair value (loss indicated by "-") | 23,078,272.66 | -1,737,460.00 |
Credit impairment loss (loss indicated by "-") | -12,105,810.05 | |
Asset impairment loss (loss indicated by "-") | -20,411,495.35 | -21,876,401.84 |
Gains from the disposal of assets (loss indicated by "-") | 219.00 | |
3. Operating profit (loss indicated by "-") | 73,592,425.75 | 46,855,620.48 |
Add: Non-operating income | 1,402,247.82 | 128,579.86 |
Less: Non-operating expenses | 339,241.15 | 509,327.84 |
4. Total profit (total loss indicated by "-") | 74,655,432.42 | 46,474,872.50 |
Less: Income tax expenses | 18,878,402.88 | 241,124.77 |
5. Net profit (net loss indicated by "-") | 55,777,029.54 | 46,233,747.73 |
(I) Analysed by continuity | ||
1. Net profit from continuing operations (loss indicated by "-") | 55,777,029.54 | 46,233,747.73 |
2. Net profit from discontinued operations (loss indicated by "-") | ||
(II) Analysed by ownership | ||
1. Net profit attributable to owners of the parent company | 61,170,421.26 | 45,863,808.07 |
2. Minority interests | -5,393,391.72 | 369,939.66 |
6. Net amount of other comprehensive income after taxation | 3,053,823.79 | -2,069,608.68 |
Net amount of other comprehensive income after taxation attributable | 3,053,823.79 | -2,069,608.68 |
to owners of the parent company | ||
(I) Other comprehensive income which cannot be reclassified as profit | 4,837,759.98 | |
or loss | ||
1. Changes in the re-measurement of defined benefit plans | ||
2. Other comprehensive income under equity method which | 212,730.98 | |
cannot be recorded in profit and loss | ||
3. Change in fair value of other investments in equity instruments | 4,625,029.00 | |
4. Change in fair value of inherent credit risks | ||
5. Others | ||
(II) Other comprehensive income which will be reclassified as profit or | -1,783,936.19 | -2,069,608.68 |
loss | ||
1. Other comprehensive income under equity method which will | -55,657.01 | 89,524.96 |
be recorded in profit and loss | ||
2. Change in fair value of other debt investments | ||
3. Change in fair value of available-for-sale financial assets | ||
4. Reclassification of financial assets included in other | ||
comprehensive income | ||
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5. Gain or loss arising from reclassification of held-to-maturity | ||||
investment as available-for-sale financial assets | ||||
6. Credit loss for other debt investments | ||||
7. Cash flow hedging reserve | ||||
8. Differences arising from foreign currency translation | -1,728,279.18 | -2,159,133.64 | ||
9. Others | ||||
Net amount of other comprehensive income after taxation attributable | ||||
to minority shareholders | ||||
7. Total comprehensive income | 58,830,853.33 | 44,164,139.05 | ||
Total comprehensive income attributable to owners of the parent | 64,224,245.05 | 43,794,199.39 | ||
company | ||||
Total comprehensive income attributable to minority shareholders | -5,393,391.72 | 369,939.66 | ||
8. Earnings per share: | ||||
(I) Basic earnings per share | 0.0635 | 0.0476 | ||
(II) Diluted earnings per share | 0.0635 | 0.0476 | ||
Legal representative: Guo Wei | Person-in-charge of accounting | Head of accounting department: | ||
operations: Zhang Yunfei | Zhang Xiuhui | |||
4. Income statement of the parent company for the reporting period | ||||
Unit: RMB | ||||
Item | Amount for the | Amount for the | ||
reporting period | previous period | |||
1. Total operating revenue | 101,555,520.09 | 249,078,191.85 | ||
Less: Operating cost | 96,523,384.36 | 235,849,361.48 | ||
Taxes and surcharges | 50,879.80 | 595,776.34 | ||
Selling expenses | 236,403.56 | 462,479.88 | ||
Administrative expenses | 7,227,171.01 | 5,793,865.77 | ||
Research and development expenses | 253,863.96 | |||
Financial expenses | 1,581,500.16 | -1,325,128.17 | ||
Including: Interest expenses | 1,524,629.79 | 482,053.61 | ||
Interest income | 79,118.31 | 1,387,210.79 | ||
Add: Other income | ||||
Investment income (loss indicated by "-") | 4,495.75 | -2,154,504.40 | ||
Including: Investment income from associates and joint ventures | -7,123.56 | -375,948.69 | ||
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Gains on derecognition of financial assets measured at amortized | ||
cost | ||
Gains on net exposure hedging (loss indicated by "-") | ||
Gains from change in fair value (loss indicated by "-") | 24,914,189.57 | -1,737,460.00 |
Credit impairment loss (loss indicated by "-") | -265,216.65 | |
Asset impairment loss (loss indicated by "-") | -220,633.44 | 2,752,239.59 |
Gains from the disposal of assets (loss indicated by "-") | ||
2. Operating profit (loss indicated by "-") | 20,115,152.47 | 6,562,111.74 |
Add: Non-operating income | ||
Less: Non-operating expenses | 771.17 | 2,501.16 |
3. Total profit (total loss indicated by "-") | 20,114,381.30 | 6,559,610.58 |
Less: Income tax expenses | 255,524.51 | |
4. Net profit (net loss indicated by "-") | 20,114,381.30 | 6,304,086.07 |
(1) Net profit from continuing operations (net loss indicated by "-") | 20,114,381.30 | 6,304,086.07 |
(2) Net profit from discontinued operations (net loss indicated by "-") | ||
5. Net amount of other comprehensive income after taxation | ||
(I) Other comprehensive income which cannot be reclassified as profit or | ||
loss | ||
1. Changes in the re-measurement of defined benefit plans | ||
2. Other comprehensive income under equity method which cannot | ||
be recorded in profit and loss | ||
3. Change in fair value of other investments in equity instruments | ||
4. Change in fair value of inherent credit risks | ||
5. Others | ||
(II) Other comprehensive income which will be reclassified as profit or | ||
loss | ||
1. Other comprehensive income under equity method which will be | ||
recorded in profit and loss | ||
2. Change in fair value of other debt investments | ||
3. Change in fair value of available-for-sale financial assets | ||
4. Reclassification of financial assets included in other | ||
comprehensive income | ||
5. Gain or loss arising from reclassification of held-to-maturity | ||
investment as available-for-sale financial assets | ||
6. Credit loss for other debt investments | ||
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7. | Cash flow hedging reserve | ||
8. | Differences arising from foreign currency translation | ||
9. | Others | ||
6. Total comprehensive income | 20,114,381.30 | 6,304,086.07 | |
7. Earnings per share: | |||
(I) Basic earnings per share | |||
(II) Diluted earnings per share | |||
5. Consolidated income statement for the period from the beginning of the year to the end of the reporting period
Unit: RMB | ||
Item | Amount for the | Amount for the |
reporting period | previous period | |
1. Total operating revenue | 6,234,237,899.77 | 6,171,256,725.93 |
Including: Operating revenue | 6,234,237,899.77 | 6,171,256,725.93 |
Interest income | ||
Earned premium | ||
Fees and commission income | ||
2. Total operating cost | 5,971,438,697.72 | 5,890,661,638.58 |
Including: Operating cost | 5,094,226,821.93 | 5,028,434,942.10 |
Interest expenses | ||
Fees and commission expenses | ||
Surrenders | ||
Net amount of compensation payout | ||
Net amount of reserves for insurance liabilities | ||
Policyholder dividends expenses | ||
Expenses for reinsurance accepted | ||
Taxes and surcharges | 24,292,165.25 | 26,555,584.77 |
Selling expenses | 346,544,065.35 | 373,983,005.55 |
Administrative expenses | 197,299,485.23 | 262,731,879.62 |
Research and development expenses | 241,550,502.75 | 157,647,149.67 |
Financial expenses | 67,525,657.21 | 41,309,076.87 |
Including: Interest expenses | 66,087,340.45 | 55,456,449.33 |
Interest income | 5,667,131.43 | 7,798,094.83 |
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Add: Other income | 25,592,749.95 | 29,652,275.15 |
Investment income (loss indicated by "-") | 61,265,349.16 | 173,992,996.53 |
Including: Investment income from associates and joint ventures | 13,019,946.31 | -4,549,530.14 |
Gains on derecognition of financial assets measured at | ||
amortized cost | ||
Exchange gains (loss indicated by "-") | ||
Gains on net exposure hedging (loss indicated by "-") | ||
Gains from change in fair value (loss indicated by "-") | 16,166,950.12 | 78,559.50 |
Credit impairment loss (loss indicated by "-") | -127,190,595.82 | |
Asset impairment loss (loss indicated by "-") | -40,367,422.32 | -186,039,260.48 |
Gains from the disposal of assets (loss indicated by "-") | 219.00 | |
3. Operating profit (loss indicated by "-") | 198,266,233.14 | 298,279,877.05 |
Add: Non-operating income | 3,405,417.79 | 333,033.74 |
Less: Non-operating expenses | 1,458,266.37 | 1,902,976.24 |
4. Total profit (total loss indicated by "-") | 200,213,384.56 | 296,709,934.55 |
Less: Income tax expenses | 17,819,544.80 | 2,532,463.81 |
5. Net profit (net loss indicated by "-") | 182,393,839.76 | 294,177,470.74 |
(I) Analysed by continuity | ||
1. Net profit from continuing operations (net loss indicated by "-") | 182,393,839.76 | 134,058,516.47 |
2. Net profit from discontinued operations (net loss indicated by "-") | 160,118,954.27 | |
(II) Analysed by ownership | ||
1. Net profit attributable to owners of the parent company | 190,314,176.44 | 296,355,978.04 |
2. Minority interests | -7,920,336.68 | -2,178,507.30 |
6. Net amount of other comprehensive income after taxation | 12,767,971.72 | -2,250,741.71 |
Net amount of other comprehensive income after taxation attributable to | 12,767,971.72 | -2,250,741.71 |
owners of the parent company | ||
(I) Other comprehensive income which cannot be reclassified as profit or | 17,336,290.26 | |
loss | ||
1. Changes in the re-measurement of defined benefit plans | ||
2. Other comprehensive income under equity method which cannot be | 265,256.42 | |
recorded in profit and loss | ||
3. Change in fair value of other investments in equity instruments | 17,071,033.84 | |
4. Change in fair value of inherent credit risks | ||
5. Others | ||
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(II) Other comprehensive income which will be reclassified as profit or | -4,568,318.54 | -2,250,741.71 | ||||
loss | ||||||
1. | Other comprehensive income under equity method which will be | -2,715,055.36 | -54,674.46 | |||
recorded in | profit and loss | |||||
2. | Change in fair value of other debt investments | |||||
3. | Change in fair value of available-for-sale financial assets | |||||
4. | Reclassification of financial assets included in other comprehensive | |||||
income | ||||||
5. | Gain or loss arising from reclassification of held-to-maturity | |||||
investment as available-for-sale financial assets | ||||||
6. | Credit loss for other debt investments | |||||
7. | Cash flow hedging reserve | |||||
8. | Differences arising from foreign currency translation | -1,853,263.18 | -2,196,067.25 | |||
9. | Others | |||||
Net amount of other comprehensive income after taxation attributable to | ||||||
minority shareholders | ||||||
7. Total comprehensive income | 195,161,811.48 | 291,926,729.03 | ||||
Total comprehensive income attributable to owners of the parent company | 203,082,148.16 | 294,105,236.33 | ||||
Total comprehensive income attributable to minority shareholders | -7,920,336.68 | -2,178,507.30 | ||||
8. Earnings per share: | ||||||
(I) Basic earnings per share | 0.1975 | 0.3076 | ||||
(II) Diluted earnings per share | 0.1975 | 0.3076 | ||||
Legal representative: Guo Wei | Person-in-charge of accounting | Head of accounting department: | ||||
operations: Zhang Yunfei | Zhang Xiuhui |
6. Income statement of the parent company for the period from the beginning of the year to the end of the reporting period
Unit: RMB | |||
Item | Amount for the | Amount for the | |
reporting period | previous period | ||
1. Total operating revenue | 125,939,034.98 | 728,754,281.34 | |
Less: Operating cost | 119,350,531.27 | 685,333,556.84 | |
Taxes and surcharges | 500,154.01 | 852,923.34 | |
Selling expenses | 556,301.15 | 726,218.99 | |
Administrative expenses | 20,033,224.97 | 17,562,906.78 | |
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Research and development expenses | 732,992.61 | |
Financial expenses | 1,377,092.47 | -2,602,494.06 |
Including: Interest expenses | 1,797,131.72 | 1,522,293.60 |
Interest income | 238,412.66 | -3,647,076.30 |
Add: Other income | 260,000.00 | |
Investment income (loss indicated by "-") | 227,142.76 | -854,827.80 |
Including: Investment income from associates and joint ventures | -192,211.35 | -3,000,767.31 |
Gains on derecognition of financial assets measured at amortized | ||
cost | ||
Gains on net exposure hedging (loss indicated by "-") | ||
Gains from change in fair value (loss indicated by "-") | 15,854,404.29 | 78,559.50 |
Credit impairment loss (loss indicated by "-") | -2,068,856.27 | |
Asset impairment loss (loss indicated by "-") | -377,316.78 | -4,542,459.75 |
Gains from the disposal of assets (loss indicated by "-") | ||
2. Operating profit (loss indicated by "-") | -2,715,887.50 | 21,562,441.40 |
Add: Non-operating income | 51.77 | 919.90 |
Less: Non-operating expenses | 2,737.10 | 7,203.93 |
3. Total profit (total loss indicated by "-") | -2,718,572.83 | 21,556,157.37 |
Less: Income tax expenses | 1,759,810.96 | |
4. Net profit (net loss indicated by "-") | -2,718,572.83 | 19,796,346.41 |
(1) Net profit from continuing operations (net loss indicated by "-") | -2,718,572.83 | 19,796,346.41 |
(2) Net profit from discontinued operations (net loss indicated by "-") | ||
5. Net amount of other comprehensive income after taxation | ||
(I) Other comprehensive income which cannot be reclassified as profit or | ||
loss | ||
1. Changes in the re-measurement of defined benefit plans | ||
2. Other comprehensive income under equity method which cannot be | ||
recorded in profit and loss | ||
3. Change in fair value of other investments in equity instruments | ||
4. Change in fair value of inherent credit risks | ||
5. Others | ||
(II) Other comprehensive income which will be reclassified as profit or loss | ||
1. Other comprehensive income under equity method which will be | ||
recorded in profit and loss | ||
2. Change in fair value of other debt investments | ||
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3. | Change in fair value of available-for-sale financial assets | ||
4. | Reclassification of financial assets included in other comprehensive | ||
income | |||
5. | Gain or loss arising from reclassification of held-to-maturity | ||
investment as available-for-sale financial assets | |||
6. | Credit loss for other debt investments | ||
7. | Cash flow hedging reserve | ||
8. | Differences arising from foreign currency translation | ||
9. | Others | ||
6. Total comprehensive income | -2,718,572.83 | 19,796,346.41 | |
7. Earnings per share: | |||
(I) Basic earnings per share | |||
(II) Diluted earnings per share | |||
7. Consolidated cash flow statement for the period from the beginning of the year to the end of the reporting period
Unit: RMB | ||
Item | Amount for the | Amount for the |
reporting period | previous period | |
1. Cash flow from operating activities: | ||
Cash received from sales of goods and rendering of services | 6,259,926,355.18 | 6,193,325,733.16 |
Net increase in customer bank deposits and amounts due to other | ||
financial institutions | ||
Net increase in borrowings from central bank | ||
Net increase in placements from other financial institutions | ||
Cash received in premiums under original insurance contracts | ||
Net cash received from reinsurance business | ||
Net increase of policyholder deposits and investment funds | ||
Cash received from interests, fees and commissions | ||
Net increase in placements from banks and other financial institutions | ||
Net increase in repurchase business capital | ||
Net cash received for customer brokerage deposits | ||
Tax rebates received | 6,544,034.43 | 9,563,818.92 |
Other cash received in connection with operating activities | 77,151,669.46 | 46,218,678.47 |
Sub-total of cash inflow from operating activities | 6,343,622,059.07 | 6,249,108,230.55 |
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Cash paid for purchase of goods and rendering of services | 5,048,315,240.17 | 4,994,218,105.03 |
Net increase in customer loans and advances | ||
Net increase in deposits with central bank and other financial | ||
institutions | ||
Cash paid for original insurance contract claims | ||
Net increase in loans to banks and other financial institutions | ||
Interest, fees and commissions paid | ||
Cash paid for policyholder dividend | ||
Cash paid to and for employees | 1,227,899,014.19 | 1,136,016,727.77 |
Taxes paid | 253,539,557.30 | 388,348,017.00 |
Other cash paid in connection with operating activities | 428,733,642.23 | 451,192,657.39 |
Sub-total of cash outflow from operating activities | 6,958,487,453.89 | 6,969,775,507.19 |
Net cash flow from operating activities | -614,865,394.82 | -720,667,276.64 |
2. Cash flow from investing activities: | ||
Cash received from disposal of investments | 31,378,781.39 | 5,582.00 |
Cash received on obtaining investment income | 45,365,159.30 | 31,371,431.48 |
Net cash received from disposal of fixed assets, intangible assets | 1,813,171.84 | 1,097,275.56 |
and other long-term assets | ||
Net cash received from disposal of subsidiaries and other business units | 53,825,639.71 | |
Other cash received in connection with investing activities | 9,749,680,000.00 | 7,361,304,115.37 |
Sub-total of cash inflow from investing activities | 9,828,237,112.53 | 7,447,604,044.12 |
Cash paid for purchase and construction of fixed assets, intangible | 34,115,100.92 | 27,867,662.40 |
assets and other long-term assets | ||
Cash paid for acquisition of investments | 49,571,677.20 | 24,852,860.94 |
Net increase in pledge loans | ||
Net cash paid for acquisition of subsidiaries and other business units | ||
Other cash paid in connection with investing activities | 9,270,392,450.00 | 7,718,002,018.00 |
Sub-total of cash outflow from investing activities | 9,354,079,228.12 | 7,770,722,541.34 |
Net cash flow from investing activities | 474,157,884.41 | -323,118,497.22 |
3. Cash flow from financing activities: | ||
Cash received from investments | 18,302,500.00 | 1,000,000.00 |
Including: Cash received from investments in a subsidiary by | 18,302,500.00 | 1,000,000.00 |
minority shareholders | ||
Cash received on drawdown of loans | 719,729,007.35 | 1,007,337,915.41 |
Other cash received in connection with financing activities | 1,740,476.00 | 9,254,762.00 |
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Sub-total of cash inflow from financing activities | 739,771,983.35 | 1,017,592,677.41 | |
Cash paid for repayment of borrowings | 1,349,170,040.69 | 1,191,733,410.49 | |
Cash paid for dividend or profit distribution or interest payment | 102,955,478.47 | 87,136,412.56 | |
Including: Dividend and profit paid to minority shareholders | |||
by a subsidiary | |||
Other cash paid in connection with financing activities | 2,137,645.99 | 2,773,534.72 | |
Sub-total of cash outflow from financing activities | 1,454,263,165.15 | 1,281,643,357.77 | |
Net cash flows from financing activities | -714,491,181.80 | -264,050,680.36 | |
4. | Effect on cash and cash equivalents due to change in foreign | -152,946.14 | -756,954.20 |
currency exchange rate | |||
5. | Net increase in cash and cash equivalents | -855,351,638.35 | -1,308,593,408.42 |
Add: Balance of cash and cash equivalents at the beginning of the period | 1,483,675,206.37 | 1,776,372,815.17 | |
6. | Balance of cash and cash equivalents at the end of the period | 628,323,568.02 | 467,779,406.75 |
8. Cash flow statement of the parent company for the period from the beginning of the year to the end of the reporting period
Unit: RMB | ||
Item | Amount for the | Amount for the |
reporting period | previous period | |
1. Cash flow from operating activities: | ||
Cash received from sales of goods and rendering of services | 411,341,328.97 | 702,400,304.85 |
Tax rebates received | 2,926,203.62 | |
Other cash received in connection with operating activities | 184,951,826.71 | 176,736,695.23 |
Sub-total of cash inflow from operating activities | 596,293,155.68 | 882,063,203.70 |
Cash paid for purchase of goods and rendering of services | 360,545,480.12 | 665,510,992.78 |
Cash paid to and for employees | 16,680,203.25 | 15,926,680.46 |
Taxes paid | 4,889,006.90 | 2,963,637.24 |
Other cash paid in connection with operating activities | 138,084,990.01 | 42,046,150.67 |
Sub-total of cash outflow from operating activities | 520,199,680.28 | 726,447,461.15 |
Net cash flow from operating activities | 76,093,475.40 | 155,615,742.55 |
2. Cash flow from investing activities: | ||
Cash received from disposal of investments | 12,450.00 | 5,582.00 |
Cash received on obtaining investment income | 419,354.11 | 4,785,702.72 |
Net cash received from disposal of fixed assets, intangible assets and | 900.14 | 2,160.00 |
other long-term assets | ||
Net cash received from disposal of subsidiaries and other business units | ||
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Other cash received in connection with investing activities | 2,536,803,019.00 | |
Sub-total of cash inflow from investing activities | 432,704.25 | 2,541,596,463.72 |
Cash paid for purchase and construction of fixed assets, intangible assets | 30,054.79 | |
and other long-term assets | ||
Cash paid for acquisition of investments | 3,012,450.00 | 26,352,860.94 |
Net cash paid for acquisition of subsidiaries and other business units | ||
Other cash paid in connection with investing activities | 2,859,121,618.00 | |
Sub-total of cash outflow from investing activities | 3,012,450.00 | 2,885,504,533.73 |
Net cash flow from investing activities | -2,579,745.75 | -343,908,070.01 |
3. Cash flow from financing activities: | ||
Cash received from investments | ||
Cash received on drawdown of loans | 37,707,081.38 | |
Other cash received in connection with financing activities | ||
Sub-total of cash inflow from financing activities | 37,707,081.38 | |
Cash paid for repayment of borrowings | 37,707,081.38 | 39,500,000.00 |
Cash paid for dividend or profit distribution or interest payment | 35,574,826.27 | 32,354,233.80 |
Other cash paid in connection with financing activities | 78,673.20 | |
Sub-total of cash outflow from financing activities | 73,360,580.85 | 71,854,233.80 |
Net cash flows from financing activities | -73,360,580.85 | -34,147,152.42 |
4. Effect on cash and cash equivalents due to change in foreign | ||
currency exchange rate | ||
5. Net increase in cash and cash equivalents | 153,148.80 | -222,439,479.88 |
Add: Balance of cash and cash equivalents at the beginning of the period | 44,612.15 | 250,396,554.93 |
6. Balance of cash and cash equivalents at the end of the period | 197,760.95 | 27,957,075.05 |
II. Adjustments to the financial statements
1. Details of adjustments to relevant items in the financial statements in relation to the adoption of the new ASBEs on financial instruments, new ASBEs on revenue or new ASBEs on leases as at the beginning of the year of adoption since 2019
√ Applicable □ N/A Consolidated balance sheet
Unit: RMB | |||
Item | 31 December 2018 | 01 January 2019 | Adjustments |
Current assets: | |||
Cash and bank balances | 1,518,050,558.45 | 1,518,050,558.45 | |
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Balances with clearing companies | |||
Loans to banks and other financial institutions | |||
Trading financial assets | 1,121,676,020.00 | 1,121,676,020.00 | |
Financial assets at fair value through profit and loss | 21,676,020.00 | -21,676,020.00 | |
Derivative financial assets | |||
Bills receivable | 20,024,810.58 | 20,024,810.58 | |
Trade receivables | 3,006,436,880.14 | 2,944,412,778.10 | -62,024,102.04 |
Receivables financing | |||
Prepayments | 115,911,248.60 | 115,911,248.60 | |
Premium receivable | |||
Receivables from reinsurers | |||
Reinsurance contract reserves receivable | |||
Other receivables | 152,877,183.82 | 137,058,969.88 | -15,818,213.94 |
Including: Interest receivable | |||
Dividend receivable | |||
Purchase of repo financial assets | |||
Inventories | 1,726,098,649.25 | 1,726,098,649.25 | |
Contract assets | |||
Assets classified as held-for-sale | |||
Non-current assets due within one year | |||
Other current assets | 1,122,833,926.47 | 22,833,926.47 | -1,100,000,000.00 |
Total current assets | 7,683,909,277.31 | 7,606,066,961.33 | -77,842,315.98 |
Non-current assets: | |||
Disbursement of loans and advances | |||
Debt investments | |||
Available-for-sale financial assets | 110,334,697.32 | -110,334,697.32 | |
Other debt investments | |||
Held-to-maturity investments | |||
Long-term receivables | |||
Long-term equity investments | 509,384,368.44 | 509,384,368.44 | |
Other investments in equity instruments | 116,371,464.16 | 116,371,464.16 | |
Other non-current financial assets | |||
Investment properties | 14,373,078.37 | 14,373,078.37 | |
Fixed assets | 532,791,372.68 | 532,791,372.68 | |
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Construction in progress | |||
Productive biological assets | |||
Oil & gas assets | |||
Right of use assets | |||
Intangible assets | 152,873,405.70 | 152,873,405.70 | |
Development expenses | 17,733,832.82 | 17,733,832.82 | |
Goodwill | 1,544,132,544.03 | 1,544,132,544.03 | |
Long-term deferred and prepaid expenses | 23,532,165.55 | 23,532,165.55 | |
Deferred income tax assets | 107,241,466.95 | 115,902,389.10 | 8,660,922.15 |
Other non-current assets | |||
Total non-current assets | 3,012,396,931.86 | 3,027,094,620.85 | 14,697,688.99 |
Total assets | 10,696,306,209.17 | 10,633,161,582.18 | -63,144,626.99 |
Current liabilities: | |||
Short-term borrowings | 1,661,499,464.30 | 1,661,499,464.30 | |
Borrowings from central bank | |||
Placements from banks and other financial institutions | |||
Trading financial liabilities | |||
Financial liabilities at fair value through profit and loss | |||
Derivative financial liabilities | |||
Bills payables | 503,401,182.16 | 503,401,182.16 | |
Trade payables | 1,757,615,905.90 | 1,757,615,905.90 | |
Advanced receipts | 1,050,093,691.53 | 1,050,093,691.53 | |
Contract liabilities | |||
Funds from selling and repurchasing financial assets | |||
Customer bank deposits and amounts due to banks and | |||
other financial institutions | |||
Customer brokerage deposits | |||
Funds from securities underwriters | |||
Staff remuneration payable | 342,082,828.52 | 342,082,828.52 | |
Taxes payable | 112,910,824.33 | 112,910,824.33 | |
Other payables | 127,834,661.60 | 127,834,661.60 | |
Including: Interest payable | 4,668,907.86 | 4,668,907.86 | |
Dividend payable | |||
Fees and commission payable | |||
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Due to reinsurers | |||
Liabilities classified as held-for-sale | |||
Non-current liabilities due within one year | 20,000,000.00 | 20,000,000.00 | |
Other current liabilities | |||
Total current liabilities | 5,575,438,558.34 | 5,575,438,558.34 | |
Non-current liabilities: | |||
Reserves for insurance contracts | |||
Long-term borrowings | 45,000,000.00 | 45,000,000.00 | |
Bonds payables | |||
Including: preferential shares | |||
perpetual notes | |||
Lease liabilities | |||
Long-term payables | 4,454,762.00 | 4,454,762.00 | |
Long-term staff remuneration payable | |||
Estimated liabilities | 4,535,900.00 | 4,535,900.00 | |
Deferred income | 25,358,580.41 | 25,358,580.41 | |
Deferred income tax liabilities | 17,832,072.29 | 27,953,321.29 | 10,121,249.00 |
Other non-current liabilities | |||
Total non-current liabilities | 97,181,314.70 | 107,302,563.70 | 10,121,249.00 |
Total liabilities | 5,672,619,873.04 | 5,682,741,122.04 | 10,121,249.00 |
Owners' equity: | |||
Share capital | 963,431,273.00 | 963,431,273.00 | |
Other equity instruments | |||
Including: preferential shares | |||
perpetual notes | |||
Capital reserve | 2,274,178,387.44 | 2,274,178,387.44 | |
Less: Treasury stock | |||
Other comprehensive income | 66,489,317.80 | 62,404,835.64 | -4,084,482.16 |
Special reserve | |||
Surplus reserve | 27,209,080.61 | 27,209,080.61 | |
General risk provisions | |||
Retained profits | 1,614,776,633.66 | 1,545,221,160.43 | -69,555,473.23 |
Total owners' equity attributable to parent company | 4,946,084,692.51 | 4,872,444,737.12 | -73,639,955.39 |
Minority shareholder's interest | 77,601,643.62 | 77,975,723.02 | 374,079.40 |
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Total owners' equity | 5,023,686,336.13 | 4,950,420,460.14 | -73,265,875.99 | |||
Total liabilities and owners' equity | 10,696,306,209.17 | 10,633,161,582.18 | -63,144,626.99 | |||
Details of adjustments | ||||||
Balance sheet of the parent company | ||||||
Unit: RMB | ||||||
Item | 31 December 2018 | 01 January 2019 | Adjustments | |||
Current assets: | ||||||
Cash and bank balances | 26,836,259.23 | 26,836,259.23 | ||||
Trading financial assets | 271,676,020.00 | 271,676,020.00 | ||||
Financial assets at fair value through profit and loss | 21,676,020.00 | -21,676,020.00 | ||||
Derivative financial assets | ||||||
Bills receivable | 12,562,754.56 | 12,562,754.56 | ||||
Trade receivables | 221,408,715.75 | 222,986,754.57 | 1,578,038.82 | |||
Receivables financing | ||||||
Prepayments | 159,900.05 | 159,900.05 | ||||
Other receivables | 69,586,506.00 | 69,586,011.88 | -494.12 | |||
Including: Interest receivable | ||||||
Dividend receivable | ||||||
Inventories | 21,467,571.28 | 21,467,571.28 | ||||
Contract assets | ||||||
Assets classified as held-for-sale | ||||||
Non-current assets due within one year | ||||||
Other current assets | 251,797,684.09 | 1,797,684.09 | -250,000,000.00 | |||
Total current assets | 625,495,410.96 | 627,072,955.66 | 1,577,544.70 | |||
Non-current assets: | ||||||
Debt investments | ||||||
Available-for-sale financial assets | 71,812,197.32 | |||||
Other debt investments | ||||||
Held-to-maturity investments | ||||||
Long-term receivables | 26,400,000.00 | 26,400,000.00 | ||||
Long-term equity investments | 2,754,581,026.60 | 2,754,581,026.60 | ||||
Other investments in equity instruments | 37,363,971.16 | 37,363,971.16 | ||||
Other non-current financial assets | ||||||
Investment properties | ||||||
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Fixed assets | 222,927.86 | 222,927.86 | |
Construction in progress | |||
Productive biological assets | |||
Oil & gas assets | |||
Right of use assets | |||
Intangible assets | 305,084.00 | 305,084.00 | |
Development expenses | |||
Goodwill | |||
Long-term deferred and prepaid expenses | 295,761.75 | 295,761.75 | |
Deferred income tax assets | |||
Other non-current assets | |||
Total non-current assets | 2,853,616,997.53 | 2,819,168,771.37 | -34,448,226.16 |
Total assets | 3,479,112,408.49 | 3,446,241,727.03 | -32,870,681.46 |
Current liabilities: | |||
Short-term borrowings | 37,707,081.38 | 37,707,081.38 | |
Trading financial liabilities | |||
Financial liabilities at fair value through profit and loss | |||
Derivative financial liabilities | |||
Bills payables | 21,639,707.31 | 21,639,707.31 | |
Trade payables | 243,655,540.32 | 243,655,540.32 | |
Advanced receipts | 5,318,079.89 | 5,318,079.89 | |
Contract liabilities | |||
Staff remuneration payable | 8,801,149.66 | 8,801,149.66 | |
Taxes payable | 330,117.23 | 330,117.23 | |
Other payables | 2,101,760.19 | 2,101,760.19 | |
Including: Interest payable | 57,600.00 | 57,600.00 | |
Dividend payable | |||
Liabilities classified as held-for-sale | |||
Non-current liabilities due within one year | |||
Other current liabilities | |||
Total current liabilities | 319,553,435.98 | 319,553,435.98 | |
Non-current liabilities: | |||
Long-term borrowings | |||
Bonds payables | |||
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Including: preferential shares | |||
perpetual notes | |||
Lease liabilities | |||
Long-term payables | |||
Long-term staff remuneration payable | |||
Estimated liabilities | |||
Deferred income | |||
Deferred income tax liabilities | |||
Other non-current liabilities | |||
Total non-current liabilities | |||
Total liabilities | 319,553,435.98 | 319,553,435.98 | |
Owners' equity: | |||
Share capital | 963,431,273.00 | 963,431,273.00 | |
Other equity instruments | |||
Including: preferential shares | |||
perpetual notes | |||
Capital reserve | 2,099,414,949.00 | 2,099,414,949.00 | |
Less: Treasury stock | |||
Other comprehensive income | -34,448,226.16 | -34,448,226.16 | |
Special reserve | |||
Surplus reserve | 27,209,080.61 | 27,209,080.61 | |
Retained profits | 69,503,669.90 | 71,081,214.60 | 1,577,544.70 |
Total owners' equity | 3,159,558,972.51 | 3,126,688,291.05 | -32,870,681.46 |
Total liabilities and owners' equity | 3,479,112,408.49 | 3,446,241,727.03 | -32,870,681.46 |
Details of adjustments
The Ministry of Finance promulgated the revised "Accounting Standards for Business Enterprises No. 22 -Recognition and Measurement of Financial Instruments", "Accounting Standards for Business Enterprises No. 23 -Transfer of Financial Assets" and "Accounting Standards for Business Enterprises No. 24 -Hedge Accounting" on 31 March 2017 and promulgated the revised "Accounting Standards for Business Enterprises No. 37 -Presentation of Financial Instruments" on 2 May (collectively the "New Standards on Financial Instruments"). Domestic listed companies shall implement the New Standards on Financial Instruments from 1 January 2019. The Group implemented the New Standards on Financial Instruments from 1 January 2019. According to the requirements of the convergence regulations, no retrospective adjustments will be made to the comparative statements for the last corresponding year and adjustments will only be made to the undistributed profit or other comprehensive income at the beginning of the reporting period.
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2. Statement on adjustments to comparative figures for previous periods in relation the adoption of the new ASBEs on financial instruments or new ASBEs on leases since 2019
- Applicable √ N/A
III. Audit Report
Whether the third quarterly report is audited
- Yes √ No
The third quarterly report of the Company is unaudited.
Digital China Information Service Company Ltd.
Chairman: Guo Wei
21 October 2019
41
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Digital China Holdings Ltd. published this content on 21 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2019 10:45:06 UTC