StockCode:000521,200521StockAbbreviation:ChanghongMeiling,HongmeilingBAnnouncementNo.:2025-071
ChanghongMeilingCo.,Ltd.TheThirdQuarterlyReportof2025
TheCompanyandwholemembersoftheBoardguaranteethattheinformationdisclosedistrue,accurateandcompleteandtherearenofictitiousrecords,misleadingstatementsormaterialomissionscarriedintheReport.ImportantNote:
Whetherthedirectorsorseniorexecutiveshaveanyobjectionstothecontentsofthequarterlyreportorcannotguaranteeitstruthfulness,accuracyandcompleteness
□Yes√No
1.TheBoardofDirectorsanditsdirectors,seniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.
2.Mr.WuDinggang,PersoninchargeoftheCompany,Mr.YangBing,headofaccountingandMr.HuXiangfei,personinchargerofaccountingorgan(accountingofficer)herebyconfirmthatthefinancialinformationofthisQuarterlyReportisauthentic,accurateandcomplete.
3.TheThirdquarterlyreportauditedornot
□Yes√No
I.Mainfinancialdata(i)MainaccountingdataandfinancialindexesWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot
√Yes□NoRetroactiveadjustmentorrestatement
□Changesinaccountingpolicies□Correctionofaccountingerrors
√Mergersunderthesamecontrol□Otherreason
| CurrentPeriod | Sameperiodoflastyear | Increase/decreaseintheperiodcomparedwiththesameperiodofthepreviousyear | Year-begintoperiod-end | Sameperiodoflastyear | Increase/decreasefromyear-begintoperiod-endcomparedwiththesameperiodofthepreviousyear | |||
| Beforeadjustment | Afteradjustment | Afteradjustment | Beforeadjustment | Afteradjustment | Afteradjustment | |||
| Operatingincome(RMB) | 7,321,413,995.48 | 7,810,029,557.25 | 7,815,798,948.22 | -6.33% | 25,392,929,837.63 | 22,757,699,848.95 | 22,775,149,971.76 | 11.49% |
| Netprofitattributabletoshareholdersofthelistedcompany(RMB) | 71,219,065.64 | 115,406,948.15 | 115,953,785.77 | -38.58% | 488,406,410.91 | 530,440,364.03 | 532,042,735.95 | -8.20% |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses(RMB) | 59,980,739.90 | 81,836,690.17 | 81,753,224.33 | -26.63% | 451,027,864.43 | 514,341,146.54 | 515,311,042.02 | -12.47% |
| Netcashflowarisingfromoperatingactivities(RMB) | — | — | — | — | 1,344,895,114.32 | 2,745,427,803.45 | 2,753,988,429.67 | -51.17% |
| Basicearningspershare(RMB/Share) | 0.0692 | 0.1121 | 0.1126 | -38.54% | 0.4743 | 0.5150 | 0.5166 | -8.19% |
| Dilutedearningspershare(RMB/Share) | 0.0692 | 0.1121 | 0.1126 | -38.54% | 0.4743 | 0.5150 | 0.5166 | -8.19% |
| WeightedaverageROE | 1.16% | 1.96% | 1.97% | Decreasedby0.81percentagepoints | 7.86% | 8.86% | 8.89% | Decreasedby1.03percentagepoints |
| Endofthisperiod | Endoflastperiod | Changesofthisperiod-endoversameperiod-endoflastyear | ||||||
| Beforeadjustment | Afteradjustment | Afteradjustment | ||||||
| Totalassets(RMB) | 24,058,903,150.66 | 23,972,603,896.48 | 23,972,603,896.48 | 0.36% | ||||
| Owners’equityattributabletoshareholdersoflisted | 6,211,715,768.65 | 6,085,800,940.38 | 6,085,800,940.38 | 2.07% | ||||
Note:InOctober2024,theCompanyacquired99%oftheequityofHefeiChanghongIndustrialCo.,Ltd.(hereinafterreferredtoas"HefeiIndustrial")heldbythecontrollingshareholderSichuanChanghongElectricCo.,Ltd.(hereinafterreferredtoas"SichuanChanghong")withitsownfunds;HefeiMeilingIOTTechnologyCo.,Ltd.(hereinafterreferredtoas"HefeiIndustry"),asubsidiary,acquired1%ofthesharesofHefeiIndustrialheldbySichuanChanghongInnovationInvestmentCo.,Ltd.,asubsidiaryofSichuanChanghong,withitsownfunds.OnNovember20,2024,HefeiIndustrialhascompletedtheindustrialandcommercialchangeregistrationproceduresforthechangeofshareholdersofthecompany,andobtainedthe"RegistrationNotice"issuedbytheMarketSupervisionandAdministrationBureauofHefeiEconomicandTechnologicalDevelopmentZone,AnhuiProvince.Afterthecompletionoftheequitytransfer,theCompanyholds100%oftheequityofHefeiIndustrial.Duringthereportingperiod,accordingtobusinessarrangements,HefeiMeilingNonferrousMetalProductsCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,hasacquired1%equityinterestinHefeiIndustryheldbyWulianTechnology.AccordingtotherelevantprovisionsoftheNo.33AccountingStandardforBusinessEnterprises-ConsolidatedFinancialStatement,theparentcompanyshalladjusttheopeningnumberoftheconsolidatedstatementandatthesametimeshalladjusttherelevantitemsofthecomparativestatementsduetotheadditionofsubsidiariesandbusinessesduetothebusinesscombinationunderthecommoncontrolduringthereportingperiod,soastotreattheconsolidatedreportingentityashavingexistedsincethetimewhentheultimatecontrollerbegantocontrol.Accordingly,theopeningnumbersandthenumbersofthesameperiodofthepreviousyearhavebeenrestated.(ii)Itemsofnon-recurringgainsandlosses
√Applicable□Notapplicable
InRMB
| Item | Currentamount | Year-begintoperiod-end | Note |
| Gains/lossesfromthedisposalofnon-currentasset(includingthewrite-offthataccruedforimpairmentofassets) | -4,555,400.42 | -6,262,005.60 | |
| Governmentalsubsidycalculatedintocurrentgainsandlosses(whilecloselyrelatedwiththenormalbusinessoftheCompany,thegovernmentsubsidythataccordwiththeprovisionofnationalpoliciesandarecontinuouslyenjoyedinlinewithacertainstandardquotaorquantityareexcluded) | 20,888,555.14 | 55,844,665.87 | Mainlyduetogovernmentsubsidies. |
| Gainandlossfromchangeofthefairvaluearisingfromtransactionalmonetaryassets,transactionalfinancialliabilitiesasheldaswellastheinvestmentincomearisingfromdisposalofthetransactionalmonetaryassets,transactionalfinancialliabilitiesandfinancialassetsavailableforsaleexcludingtheeffectivehedgingtransactioninconnectionwiththeCompany’snormalbusiness | -13,550,777.52 | -26,151,252.76 | MainlyduetothegainsandlossesarisingfromtheCompany'sirrevocableorders,changesinthefairvalueofforeignexchangecontractsanddisposalsinthecurrentperiod |
| Switchbackoftheimpairmentforreceivablesthathasimpairmenttestindependently | 8,715,608.62 | 18,614,550.79 | |
| Gain/lossondebtrestructuring | 84,052.53 | ||
| Othernon-operatingincomeandexpensesotherthantheabove | 2,998,112.56 | 4,638,812.66 | |
| Less:impactonincometax | 1,973,569.99 | 5,599,313.10 | |
| Impactonminorityshareholders’equity(post-tax) | 1,284,202.65 | 3,790,963.91 | |
| Total | 11,238,325.74 | 37,378,546.48 | -- |
Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition
□Applicable√NotapplicableTherearenoothergains/lossesitemsthatmeetthedefinitionofnon-recurringgains/lossesintheCompany.Explaintheitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss(revisedin2023)
□Applicable√NotapplicableTherearenoitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss.
(iii)Particularsaboutmaterialchangesinitemsofmainaccountingstatementandfinancialindexandexplanationsofreasons
√Applicable□Notapplicable
1.Changesandreasonsofitemsinbalancesheet
InRMB
| Item | Endingbalance | Openingbalance | Changesratio | Reasonsofchanges |
| Tradingfinancialassets | 1,775,015,353.44 | - | - | MainlyduetotheCompany'spurchaseofstructureddepositsduringthecurrentperiod. |
| Derivativefinancialassets | 26,709,688.51 | 72,010,074.43 | -62.91% | Mainlyduetothenoncancelableordersandchangeofthefairvalueofforwardforeignexchangecontractchanges |
| Accountreceivable | 2,544,979,733.66 | 1,527,978,374.48 | 66.56% | MainlyduetotheincreaseintheCompany'soperatingincomeduringthecurrentperiod. |
| Otherreceivable | 60,354,615.63 | 135,391,270.79 | -55.42% | MainlyduetotheCompanyreceivingexporttaxrebatesduringthecurrentperiod. |
| Inventory | 1,923,754,513.92 | 3,514,968,009.34 | -45.27% | MainlyduetothereductionintheCompany'sproductionduringthecurrentperiod. |
| Contractassets | 710,919.00 | 2,763,866.97 | -74.28% | Mainlyduetothetransferofcontractassetstoaccountsreceivableduringthecurrentperiod. |
| Non-currentassetduewithinoneyear | 654,660,628.78 | 60,242,921.84 | 986.70% | MainlyduetotheincreaseintheCompany'sdebtinvestmentsmaturingwithinoneyearduringthecurrentperiod. |
| Constructioninprocess | 133,827,437.21 | 97,807,983.40 | 36.83% | MainlyduetotheincreaseintheCompany'sprojectinvestmentsduringthecurrentperiod. |
| Userightassets | 152,265,486.58 | 113,784,190.78 | 33.82% | MainlyduetotheleaseofnewlyaddedfactoriesbytheCompanyduringthecurrentperiod. |
| Developmentexpenses | 149,050,901.22 | 74,710,694.74 | 99.50% | MainlyduetotheincreaseintheCompany'sR&Dinvestmentduringthecurrentperiod. |
| Long-termexpensestobeamortized | 22,127,790.48 | 33,336,772.23 | -33.62% | MainlyduetothescheduledamortizationoftheCompany'sfixedassetmajormaintenanceprojectduringthecurrentperiod. |
| Short-termloans | 1,000,361,041.30 | 766,747,286.01 | 30.47% | MainlyduetotheincreaseintheCompany'sbankloansduringthecurrentperiod. |
| Derivativefinancialliabilities | 29,404,080.50 | 156,359,680.92 | -81.19% | Mainlyduetothenoncancelableordersandchangeofthefairvalueofforwardforeignexchangecontractchanges |
| Contractliabilities | 397,667,431.78 | 609,737,871.24 | -34.78% | MainlyduetoadecreaseintheCompany'sadvancereceiptsduring |
| thecurrentperiod. | ||||
| Non-currentliabilityduewithin1year | 56,181,073.81 | 29,135,164.68 | 92.83% | MainlyduetotheincreaseinproductqualityguaranteedepositsandleaseliabilitiesthatareduewithinoneyearfortheCompanyinthecurrentperiod. |
| Othercurrentliability | 14,050,371.97 | 23,824,389.50 | -41.03% | MainlyduetothedecreaseintheCompany'soutputtaxpendingtransferforthecurrentperiod. |
| Long-termloan | 43,649,742.25 | - | - | Mainlyduetotheincreaseinlong-termborrowingscausedbytheCompany'sA-sharerepurchaseandrenovationexpensesinthecurrentperiod. |
| Long-termpayable | 219,637.08 | 455,409.20 | -51.77% | MainlyduetotheallocationofspecialpayablesoftheCompanyinthecurrentperiod |
| Specialreserve | 35,276,315.45 | 20,968,173.59 | 68.24% | MainlyduetotheincreaseintheprovisionforsafetyproductionexpensesbytheCompanyinthecurrentperiod |
2.Changesandreasonsofitemsinprofitstatement
InRMB
| Item | Currentperiod | Amountatthesameperiodoflastyear | Changesratio | Reasonsofchanges |
| Financialexpenses | -186,471.43 | -124,166,532.38 | 99.85% | MainlyduetotheYOYincreaseintheCompany'sforeignexchangelossesandtheYOYdecreaseininterestincome. |
| Investmentearnings | 30,072,540.83 | 21,041,038.63 | 42.92% | MainlyduetotheincreaseintheCompany'sstructureddepositincomeinthecurrentperiod. |
| Gainsonchangesinfairvalue | 88,670,567.94 | -11,228,505.02 | 889.69% | Mainlyduetothenoncancelableordersandchangeofthefairvalueofforwardforeignexchangecontractchanges |
| Creditimpairmentloss | -25,339,996.75 | -1,247,366.84 | 1,931.48% | MainlyduetotheYOYincreaseintheprovisionforbaddebtlossesofaccountsreceivablebytheCompanyinthecurrentperiod |
| Lossofassetimpairment | -82,435,256.97 | -48,615,603.79 | 69.57% | MainlyduetotheYOYincreaseintheCompany'sprovisionforinventorydepreciationlossesinthecurrentperiod. |
| Assetdisposalincome | 111,884.60 | 1,090,679.41 | -89.74% | MainlyduetotheYOYdecreaseinfixedassetdisposalincomeoftheCompanyinthecurrentperiod |
| Incometaxexpenses | 104,245,622.31 | 73,947,693.77 | 40.97% | MainlyduetotheincreaseintaxableincomeoftheCompanyinthecurrentperiod,resultinginanincreaseinincometaxexpenses |
3.Changesandreasonsofitemsincashflowstatement
InRMB
| Item | Currentperiod | Amountatthesameperiodoflastyear | Changesratio | Reasonsofchanges |
| Othercashreceivedconcerningoperationactivities | 142,470,936.53 | 59,465,418.00 | 139.59% | MainlyduetotheYOYincreaseingovernmentsubsidiesanddepositsreceivedbytheCompanyinthecurrentperiod |
| Taxrefundreceived | 433,837,530.22 | 299,978,134.73 | 44.62% | MainlyduetotheYOYincreaseintheCompany'svalue-addedtaxpaymentinthecurrentperiod |
| Othercashpaidconcerningoperatingactivities | 873,576,151.81 | 618,358,040.59 | 41.27% | MainlyduetotheYOYincreaseinvariousoperatingexpensespaidbytheCompanyinthecurrentperiod |
| Cashreceivedfromrecoveryofinvestment | 20,906,761,598.30 | 7,438,000,000.00 | 181.08% | MainlyduetotheYOYincreaseintherecoveryoftheCompany'swealthmanagementproductsinthecurrentperiod |
| Cashreceivedfromabsorbinginvestment | 108,802,511.20 | 45,916,313.88 | 136.96% | MainlyduetotheYOYincreaseinrevenuefromtheCompany'swealthmanagementproductsinthecurrentperiod |
| Cashpaidforpurchasingfixed,intangibleandotherlong-termassets | 1,404,030.10 | 827,741.22 | 69.62% | MainlyduetotheYOYincreaseincashreceivedfromthedisposaloffixedassetsbytheCompanyinthecurrentperiod |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 335,245,837.22 | 223,226,696.20 | 50.18% | MainlyduetotheYOYincreaseincashpaymentsfortheacquisitionandconstructionofassetsbytheCompanyinthecurrentperiod |
| Cashpaidforinvestments | 23,370,000,000.00 | 9,870,000,000.00 | 136.78% | MainlyduetotheYOYincreaseintheCompany'spurchaseofwealthmanagementproductsinthecurrentperiod |
| Othercashpaidconcerninginvestingactivities | 134,132,125.91 | 22,666,893.19 | 491.75% | MainlyduetotheYOYincreaseindeliverylossesoftheCompany'sforwardforeignexchangecontractsinthecurrentperiod |
| Cashreceivedfromborrowing | 2,779,799,558.07 | 1,798,005,348.24 | 54.60% | MainlyduetotheYOYincreaseinbankloansobtainedbytheCompanyinthecurrentperiod |
| Othercashreceivedconcerningfinancingactivities | 332,226,468.58 | 60,913,309.56 | 445.41% | MainlyduetotheYOYincreaseinbilldiscountingoftheCompanyinthecurrentperiod |
| Othercashpaymentsrelatedtofinancingactivities | 202,114,377.38 | 106,156,873.90 | 90.39% | MainlyduetotheYOYincreaseinthecompany'srestrictedmarginthisperiodandthestockrepurchase. |
| Influenceoncashandcashequivalentsduetofluctuationinexchangerate | 5,683,154.75 | 19,235,492.91 | -70.45% | Mainlyduetotheimpactofexchangeratechangesduringthecurrentperiod |
II.Applicationoftheraisedcapital
□Applicable√Notapplicable
TheCompanyhadnoapplicationoftheraisedcapitalinthereportingperiod.III.Shareholders(i)Totalnumberofcommonshareholdersandpreferenceshareholderswithvotingrightsrecoveredandtoptenshareholders
InShares
| Totalnumberofcommonshareholdersattheendofreportperiod | 61,160 | Totalpreferenceshareholderswithvotingrightsrecoveredatendofreportingperiod(ifapplicable) | 0 | ||||
| Sharesheldbythetop10shareholders(Excludingshareslentthroughrefinancing) | |||||||
| Shareholder’sname | Natureofshareholder | Proportionofsharesheld | Amountofsharesheld | Amountoflock-upsharesheld | Informationofsharespledged,taggedorfrozen | ||
| Stateofshare | Amount | ||||||
| SichuanChanghongElectricCo.,Ltd. | State-ownedlegalperson | 24.12% | 248,457,724 | 0 | - | - | |
| HKSCC | OverseasLegalperson | 3.39% | 34,872,113 | 0 | - | - | |
| CHANGHONG(HK)TRADINGLIMITE | OverseasLegalperson | 2.63% | 27,077,797 | 0 | - | - | |
| HefeiIndustryInvestmentHolding(Group)Co.,Ltd. | State-ownedlegalperson | 1.83% | 18,864,896 | 0 | - | - | |
| CAOSHENGCHUN | Overseasnaturalperson | 1.43% | 14,766,086 | 0 | - | - | |
| CITICSecuritiesCo.,Ltd.-TheNationalSocialSecurityFund1106portfolio | Domesticnon-state-ownedlegalperson | 1.16% | 11,971,700 | 0 | - | - | |
| ChinaMerchantsBankCo.,Ltd-Taikangqualitylifehybridsecuritiesinvestmentfund | Domesticnon-state-ownedlegalperson | 0.88% | 9,100,000 | 0 | - | - | |
| WangJiaqling | Domesticnaturalperson | 0.87% | 9,000,019 | 0 | - | - | |
| ICBC-Taikangstrategypreferredflexibleallocationofhybridsecuritiesinvestmentfund | Domesticnon-state-ownedlegalperson | 0.87% | 9,000,000 | 0 | - | - | |
| TheNationalSocialSecurityFund101portfolio | Domesticnon-state-ownedlegalperson | 0.87% | 8,993,902 | 0 | - | - | |
| Toptenshareholderswithunrestrictedsharesheld(excludingshareslentthroughconversionsandlocked-upsharesforseniormanagers) | |||||||
| Shareholder’sname | Amountofunrestrictedsharesheld | Typeofshares | |||||
| Type | Amount | ||||||
| SichuanChanghongElectricCo.,Ltd. | 248,457,724 | RMBordinaryshares | 248,457,724 | ||||
| HKSCC | 34,872,113 | RMBordinaryshares | 34,872,113 | ||||
| CHANGHONG(HK)TRADINGLIMITE | 27,077,797 | Domesticallylistedforeignshares | 27,077,797 | |
| HefeiIndustryInvestmentHolding(Group)Co.,Ltd. | 18,864,896 | RMBordinaryshares | 18,864,896 | |
| CAOSHENGCHUN | 14,766,086 | Domesticallylistedforeignshares | 14,766,086 | |
| CITICSecuritiesCo.,Ltd.-TheNationalSocialSecurityFund1106portfolio | 11,971,700 | RMBordinaryshares | 11,971,700 | |
| ChinaMerchantsBankCo.,Ltd-Taikangqualitylifehybridsecuritiesinvestmentfund | 9,100,000 | RMBordinaryshares | 9,100,000 | |
| WangJiaqling | 9,000,019 | RMBordinaryshares | 9,000,019 | |
| ICBC-Taikangstrategypreferredflexibleallocationofhybridsecuritiesinvestmentfund | 9,000,000 | RMBordinaryshares | 9,000,000 | |
| TheNationalSocialSecurityFund101portfolio | 8,993,902 | RMBordinaryshares | 8,993,902 | |
| Explanationonassociatedrelationshipamongtheaforesaidshareholders | Amongtheaboveshareholders,CHANGHONG(HK)TRADINGLIMITED(hereinafterreferredtoasHongKongChanghong)isthewholly-ownedsubsidiaryofSichuanChanghongElectricCo.,Ltd.;exceptthesharesoftheCompanydirectlyheldoftheBsharesoftheCompany,6,296,913sharesofB-stockarealsoheldthroughPhillipSecurities(HongKong)Co.,Ltd.,theforegoingshareholdersconstitutepersonsofuniformaction.ThereexistednoassociatedrelationshiporbelongtotheconcertedactorsasspecifiedintheMeasuresfortheAdministrationofInformationDisclosureofShareholderEquityChangesofListedCompaniesamongSichuanChanghongElectricCo.,Ltd,HongKongChanghongandothertop8shareholders,Thecompanyneitherknowswhetherthereisanyassociationamongothershareholders,norknowswhetherothershareholdersbelongtothepersonsactinginconcertthatisstipulatedinthe“AdministrativeMeasuresonInformationDisclosureofChangesinShareholdingofListedCompanies | |||
| Explanationontoptenshareholdersinvolvingmarginbusiness(ifapplicable) | Notapplicable | |||
Informationofshareholdersholdingmorethan5%oftheshares,thetop10shareholdersandthetop10shareholdersofunrestrictedtradablesharesparticipatinginthelendingofsharesinsecuritieslendingandborrowingbusiness
□Applicable√NotapplicableThetop10shareholdersandthetop10shareholdersofunrestrictedtradableshareshavechangedcomparedwiththepreviousperiodduetothesecuritieslending/returning,
□Applicable√Notapplicable(ii)Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√NotapplicableIV.Otherimportantmatters
√Applicable□Notapplicable
| Overview | Datefordisclosure | Informationindexfortemporaryreportdisclosure |
| WiththeapprovalbytheresolutionsoftheCompany'sboardofdirectorsandthesupervisoryboard,it’sagreedtorevisecertainprovisionsofthe"ChanghongMeilingCo.,Ltd.’sRiskManagementPlanforDepositandLoanFinancialBusinesswithSichuanChanghongGroupFinanceCo.,Ltd." | January2,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-001,2025-002and2025-003) |
| ThegeneralpartnersofSichuanHongyunInformationTechnologyVentureCapitalFundPartnership(LimitedPartnership),inwhichtheCompanyinvestsasalimitedpartner,unanimouslyagreedtoterminatetheoperationofthepartnership,dissolvethepartnership,andestablishaliquidationteamtohandletheterminationandliquidationofthepartnership.OnJanuary24,2025,theCompanyreceivedatotalofRMB18,152,000,includingthepaid-incapitalandtheincomefromcashmanagementofthisamount.AsofJune10,2025,theCompanyhasreceivedtheremainingpropertydistributionofRMB38,829.19,aswellasthe'RegistrationNotice'issuedbytheSichuanTianfuNewAreaSmartCityOperationsBureau,markingthecompletionoftheliquidationandderegistrationofHongyunFundPhaseII. | January24,2025,June12,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-004and2025-044) |
| AccordingtotheresolutionpassedbytheCompany'sboardofdirectorsonthe"ProposalonInvestingintheEstablishmentofaSubsidiaryandParticipatingintheBiddingofLandUseRights,"it’sagreedthattheCompanyanditssubsidiary,MianyangMeilingRefrigerationCo.,Ltd.(hereinafterreferredtoas"MianyangMeiling"),shalljointlyinvest500millionyuanbytheirownfundstoestablishasubsidiary,MianyangChanghongSmartHomeApplianceCo.,Ltd.(hereinafterreferredtoas"SmartHomeApplianceCompany"),toengageintheinvestmentandconstructionofthewashingmachinecapacityexpansionproject,andalsoparticipateinthebiddingforindustriallandtobeusedforthewashingmachineprojectconstruction.OnApril18,2025,SmartHomeApplianceCompanywonthestate-ownedconstructionlanduserightslocatedinFuxinCommunity,SongyaTown,EconomicDevelopmentZone,andsignedthe"ConfirmationofTransferofState-ownedConstructionLandUseRights,"withatotaltransactionamountof59,008,598yuan.OnApril25,2025,theBoardofDirectorsreviewedandapprovedthe"ProposalontheInvestmentandConstructionofaSubsidiary'sProjectwithanAnnualProductionCapacityof1MillionWashingMachinesperShift,"agreeingthatSmartHomeApplianceCompanyshallinvestapproximately520millionyuantobuildaprojectwithanannualproductioncapacityof1millionwashingmachinespershiftintheMianyangEconomicandTechnologicalDevelopmentZone(includingtheaforementionedpurchasedland,factorybuildings,andequipmentinvestment),achievingthecapabilitytoproduceanadditional1millionwashingmachinespershift. | March18,2025,April18,2025,April26,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-005,2025-006,2025-021,2025-028and2025-029) |
| WiththeapprovalbytheresolutionsoftheCompany'sBoardofDirectors,BoardofSupervisors,andGeneralMeetingofShareholders,theCompany's2024profitdistributionplanwasapproved.BasedontheCompany'stotalsharecapitalof1,029,923,715sharesasofDecember31,2024,acashdividendof3.3yuan(includingtax)per10shareswillbedistributedtoallshareholders,withnobonussharesandnocapitalreserveconvertedintoshares.OnJune5,2025,theCompanydisclosedthe"AnnouncementontheImplementationofthe2024ProfitDistributionPlan"andimplementedtheaforementionedprofitdistributionplan. | April3,2025,April26,2025,June5,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-008,2025-010,2025-030and2025-042) |
| FollowingresolutionspassedbytheCompany'sboardofdirectorsandthegeneralmeetingofshareholders,it’sagreedtocontinueappointPan-ChinaCertifiedPublicAccountants(LLP)astheauditorfortheCompany's2025financialreportandinternalcontrol,withatermofoneyear. | April3,2025,April26,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-011and2025-030) |
| FollowingresolutionspassedbytheCompany'sboardofdirectorsandshareholders'generalmeeting,theCompanyanditssubsidiariesareauthorizedtoconductforwardforeignexchangetransactionsfromJuly1,2025toJune30,2026,withatransaction | April3,2025,April26,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-015and2025- |
| balancenotexceedingUSD2.009billion(mainlyincludingUSD,AUD,andEUR,withotherforeigncurrenciesconvertedtoUSD). | 030) | |
| FollowingresolutionspassedbytheCompany'sboardofdirectorsandboardofsupervisors,theCompanyagreestochangeitsaccountingpolicyinaccordancewiththerelevantprovisionsoftheMinistryofFinance's"InterpretationNo.17oftheEnterpriseAccountingStandards"and"InterpretationNo.18oftheEnterpriseAccountingStandards." | April3,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-008and2025-013) |
| FollowingtheresolutionspassedbytheCompany'sboardofdirectorsandthe2024annualgeneralmeetingofshareholders,it’sagreedthattheCompanyanditssubsidiarieswillapplytotheHefeiBranchofIndustrialBankCo.,Ltd.foraspecialbillpoolcreditlineofuptoRMB400million,andtotheHefeiBranchofPingAnBankCo.,Ltd.foraspecialbillpoolcreditlineofuptoRMB500million. | April3,2025,April26,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-017and2025-030) |
| UpontheproposaloftheChairman,theBoardofDirectorsreviewedandapprovedthe"ProposalonIncreasingtheFundingSourcefortheRepurchaseoftheCompany'sAShares."ThespecificplanforrepurchasingAsharesisasfollows:theCompanywilluseitsownfundsandself-raisedfunds(includingspecialloansforsharerepurchasefromfinancialinstitutions,etc.)totalingnolessthan150millionyuan(inclusive)andnomorethan300millionyuan(inclusive)torepurchaseaportionoftheCompany'sAsharesthroughcentralizedbiddingfortheimplementationofequityincentives.Therepurchasepriceforthisbuybackshallnotexceed10.67yuanpershare.Therepurchaseperiodiswithin12monthsfromthedatetheBoardofDirectorsapprovestherepurchaseplan.TheCompanyfirstrepurchaseditsAsharesthroughadedicatedsecuritiesaccountforstockrepurchasesviacentralizedbiddingtransactionsonJuly15,2025.AsofSeptember30,theCompanyhadrepurchasedatotalof4,865,101Ashares,accountingfor0.4724%oftheCompany'stotalsharecapital.ThehighesttransactionpriceforthisrepurchaseofAshareswasRMB7.45pershare,thelowestwasRMB7.02pershare,andthetotaltransactionamountwasRMB35,107,505.1(excludingtransactionfees). | April10,2025,May9,2025,June5,2025,July2,2025,July4,2025,July16,2025,August5,2025,September2,2025,October11,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-019,2025-031,2025-032,2025-041,2025-043,2025-049,2025-50,2025-051,2025-052,2025-053,2025-061and2025-069) |
| AfterbeingreviewedandapprovedbytheNominationCommitteeundertheBoardofDirectors,andapprovedbytheresolutionoftheCompany'sBoardofDirectors,it’sagreedtoappointMr.WangXiaochengastheCompany'sVicePresident,withatermofofficefromthedateofapprovalbytheBoardofDirectorsuntiltheexpirationofthecurrentBoardofDirectors'term. | May9,2025, | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-031and2025-033) |
| FollowingtheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedthatSichuanChanghongAirConditioningCo.,Ltd.willuseitsself-raisedfundsof28.355millionyuantocarryoutaspecialrenovationprojecttoimprovetheutilizationrateoftheparksite,ensuringitsfuturebusinessdevelopment. | May9,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-031) |
| Tothankthebroadshareholderbasefortheirlong-termsupportandtoestablishadiversifiedshareholderreturnmechanism,theCompanyhasdisclosedthe'VoluntaryInformationDisclosureAnnouncementonShareholderAppreciationandRewardActivities.' | May21,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-035) |
| PursuanttotheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedthatZhongshanChanghongElectricCo.,Ltd.(hereinafterreferredtoas"ZhongshanChanghong")planstoinvestapproximately296.42millionyuanbyself-raisedfundstoconstructasingle-shiftairconditionerproductionprojectwithanannualoutputof4millionunits,therebyachievinganadditionalannualsingle-shiftproductioncapacityof4millionairconditioners.Theprojectinvestmentincludesproductionlines,equipment,workingcapital,andotherrelateditems.TheprojectwillbeimplementedatasiteleasedfromGuangdongChanghongElectronicsCo.,Ltd.(hereinafterreferredtoas"GuangdongChanghong"),aholdingsubsidiaryofSichuanChanghong,whereanewfactoryisplannedtobebuilt.TheprojectimplementationwillcommenceafterthecompletionofthenewfactorybyGuangdongChanghong,andisexpectedtostartin | May24,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-036,2025-038and2025-039) |
| 2027. | ||
| FollowingtheresolutionpassedbytheCompany'sboardofdirectorsandboardofsupervisors,ZhongshanChanghongintendstosignan"IndustrialPropertyLeaseIntentAgreement"withGuangdongChanghong,aholdingsubsidiaryofSichuanChanghong.GuangdongChanghongwillconstructanewfactory,andZhongshanChanghongwillleaseitforthepurposeofimplementingZhongshanChanghong'ssingle-shiftproductionprojectof4millionsetsofairconditionersperyear.Theintendedleasetermis5years(fromJanuary1,2027,toDecember31,2031).Uponexpirationofthelease,bothpartieswillcontinuetonegotiatesubsequentleasingmatters. | May24,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-036,2025-037and2025-039) |
| FollowingtheresolutionpassedbytheCompany'sboardofdirectorsandboardofsupervisors,it’sagreedthattheCompanymayincreasetheestimatedamountofroutinerelated-partytransactionsforthesaleofgoodsandotherbusinesstoSichuanChanghongin2025bynomorethan12.5millionyuan(excludingtax). | May24,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-036,2025-037and2025-040) |
| InviewofMr.PangHaitao'sresignationfromthepositionofChiefFinancialOfficerduetojobchanges,afterreviewandapprovalbytheCompany'sNominationCommitteeandAuditCommitteeoftheBoardofDirectors,theBoardofDirectorshaspassedaresolutiontoapprovetheappointmentofMr.YangBingastheCompany'sChiefFinancialOfficer,withatermofofficefromthedateofapprovalbytheBoardofDirectorsuntiltheexpirationofthecurrentBoard'sterm. | June19,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-045and2025-047) |
| UpontheapprovalresolutionbytheCompany'sboardofdirectors,it’sagreedthatthesubsidiaryHefeiChanghongIndustrialCo.,Ltd.willinvestintheconstructionoftheHefeiChanghongSmartHomeApplianceIndustrialParkproject.Thetotalinvestmentoftheprojectis877.05millionyuan,fundedbyself-raisedfunds.ThisprojectstillneedstobesubmittedtotheCompany'sshareholders'generalmeetingforreview. | June19,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-045and2025-046) |
| FollowingtheresolutionspassedbytheCompany'sboardofdirectorsandshareholders'generalmeeting,it’sagreedtoamendcertainprovisionsofthe'ArticlesofAssociationoftheCompany,''RulesofProcedureforShareholders'GeneralMeeting',and'RulesofProcedureforBoardMeeting.' | August21,2025,September30,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-054,2025-057and2025-068) |
| FollowingtheresolutionspassedbytheCompany'sboardofdirectors,boardofsupervisors,andgeneralmeetingofshareholders,it’sagreedthattheCompanyanditssubsidiarycompanies(excludingZhongkeMeilingCryogenicsCo.,Ltd.anditssubsidiaries)mayincreasetheuseofupto1.2billionRMBoftheiridlefundstoinvestinbankwealthmanagementproductsthataresafe,highlyliquid,low-risk,andstable,withaproducttermwithinoneyear. | August21,2025,September30,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-054,2025-055.2025-059and2025-068) |
| AfterbeingreviewedandapprovedbytheNominationCommitteeundertheBoardofDirectorsandpassedbytheBoardofDirectors'resolution,it’sagreedtoappointMr.TangYoudaoasthePresidentoftheCompany,withthetermofofficefromthedateofapprovalbytheBoardofDirectorsuntiltheexpirationofthecurrentBoard'sterm. | September13,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-062and2025-063) |
| AccordingtotheresolutionpassedbytheCompany'sBoardofDirectors,it’sagreedthattheCompany'ssubsidiary,SichuanChanghongAirConditioningCo.,Ltd.,willincreasethecapitaltoitscontrolledsubsidiary,HongyuanGeothermalPumpTechnologyCo.,Ltd.(hereinafterreferredtoas"HongyuanGeothermalPump"),by95millionyuanbyusingitsownfunds,andthenHongyuanGeothermalPumpwillfurtherincreasethecapitaltoitswholly-ownedsubsidiary,GroundEnergyHeatPumpTech.(Zhongshan)Co.,Ltd | September13,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-062and2025-064) |
| FollowingtheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedtoappointMs.XiaoLiastheCompany'ssecuritiesaffairsrepresentative,withatermfromthedateofapprovalbytheboardofdirectorsuntiltheexpirationofthecurrentboard'sterm. | September12,2025 | JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-062and2025-065) |
V.Quarterlyfinancialstatements(i)Financialstatement
1.ConsolidateBalanceSheetPreparedbyChanghongMeilingCo.,Ltd.
September30,2025
InRMB
| Item | Endingbalance | Openingbalance |
| Currentassets: | ||
| Monetaryfund | 9,186,050,460.18 | 10,492,450,750.61 |
| Settlementprovisions | ||
| Capitallent | ||
| Tradingfinancialassets | 1,775,015,353.44 | |
| Derivativefinancialassets | 26,709,688.51 | 72,010,074.43 |
| Notereceivable | ||
| Accountreceivable | 2,544,979,733.66 | 1,527,978,374.48 |
| Receivablefinancing | 1,079,384,242.82 | 1,516,987,953.83 |
| Accountpaidinadvance | 63,399,338.06 | 60,352,345.27 |
| Insurancereceivable | ||
| Reinsurancereceivables | ||
| Contractreserveofreinsurancereceivable | ||
| Otheraccountreceivable | 60,354,615.63 | 135,391,270.79 |
| Including:Interestreceivable | ||
| Dividendreceivable | 12,124,951.70 | |
| Buyingbackthesaleoffinancialassets | ||
| Inventory | 1,923,754,513.92 | 3,514,968,009.34 |
| Including:Dataresources | ||
| Contractassets | 710,919.00 | 2,763,866.97 |
| Assetsheldforsale | ||
| Non-currentassetduewithinoneyear | 654,660,628.78 | 60,242,921.84 |
| Othercurrentassets | 546,077,262.41 | 562,030,362.98 |
| Totalcurrentassets | 17,861,096,756.41 | 17,945,175,930.54 |
| Non-currentassets: |
| Loansandpaymentsonbehalf | ||
| Creditor'srightsinvestment | 1,519,557,537.27 | 1,474,153,793.17 |
| OtherCreditor'srightsinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 89,374,855.79 | 81,511,146.82 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | 658,550,306.14 | 676,094,304.44 |
| Investmentrealestate | 64,165,257.92 | 66,720,850.69 |
| Fixedassets | 2,222,743,131.85 | 2,218,850,660.12 |
| Constructioninprogress | 133,827,437.21 | 97,807,983.40 |
| Productivebiologicalasset | ||
| Oilandgasasset | ||
| Right-of-useassets | 152,265,486.58 | 113,784,190.78 |
| Intangibleassets | 1,028,394,031.66 | 994,429,966.05 |
| Including:Dataresources | ||
| Expenseonresearchanddevelopment | 149,050,901.22 | 74,710,694.74 |
| Including:Dataresources | ||
| Goodwill | ||
| Long-termexpensestobeapportioned | 22,127,790.48 | 33,336,772.23 |
| Deferredincometaxasset | 137,985,995.73 | 176,953,941.27 |
| Othernon-currentassets | 19,763,662.40 | 19,073,662.23 |
| Totalnon-currentasset | 6,197,806,394.25 | 6,027,427,965.94 |
| Totalassets | 24,058,903,150.66 | 23,972,603,896.48 |
| Currentliabilities: | ||
| Short-termloans | 1,000,361,041.30 | 766,747,286.01 |
| Loanfromcentralbank | ||
| Capitalborrowed | ||
| Tradingfinancialliability | ||
| Derivativefinancialliability | 29,404,080.50 | 156,359,680.92 |
| Notepayable | 8,876,637,059.70 | 7,934,125,435.65 |
| Accountpayable | 5,085,801,209.25 | 6,132,020,588.41 |
| Accountsreceivedinadvance | 2,016,583.84 | 11,085.70 |
| Contractliabilities | 397,667,431.78 | 609,737,871.24 |
| Sellingfinancialassetofrepurchase |
| Absorbingdepositandinterbankdeposit | ||
| Securitytradingofagency | ||
| Securitysalesofagency | ||
| Wagepayable | 354,994,277.30 | 389,952,777.46 |
| Taxespayable | 120,120,028.45 | 95,871,539.98 |
| Otheraccountpayable | 1,101,900,704.17 | 1,031,439,412.53 |
| Including:Interestpayable | ||
| Dividendpayable | 7,492,505.08 | 6,005,989.72 |
| Commissionchargeandcommissionpayable | ||
| Reinsurancepayable | ||
| Liabilityheldforsale | ||
| Non-currentliabilitiesduewithinoneyear | 56,181,073.81 | 29,135,164.68 |
| Othercurrentliabilities | 14,050,371.97 | 23,824,389.50 |
| Totalcurrentliabilities | 17,039,133,862.07 | 17,169,225,232.08 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termloans | 43,649,742.25 | |
| Bondspayable | ||
| Including:Preferredstock | ||
| Perpetualcapitalsecurities | ||
| Leaseliability | 131,839,795.69 | 101,826,405.91 |
| Long-termaccountpayable | 219,637.08 | 455,409.20 |
| Long-termwagespayable | 9,207,785.07 | 10,195,289.45 |
| Accrualliability | 37,747,488.03 | 45,030,417.22 |
| Deferredincome | 137,765,827.02 | 125,435,177.90 |
| Deferredincometaxliabilities | 45,279,451.84 | 44,072,593.30 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 405,709,726.98 | 327,015,292.98 |
| Totalliabilities | 17,444,843,589.05 | 17,496,240,525.06 |
| Owner’sequity: | ||
| Sharecapital | 1,029,923,715.00 | 1,029,923,715.00 |
| Otherequityinstrument | ||
| Including:Preferredstock |
| Perpetualcapitalsecurities | ||
| Capitalpublicreserve | 2,750,470,215.39 | 2,750,470,215.39 |
| Less:Treasuryshares | 35,107,505.10 | |
| Othercomprehensiveincome | -23,039,813.14 | -21,222,419.68 |
| Specialreserve | 35,276,315.45 | 20,968,173.59 |
| Surpluspublicreserve | 502,454,071.02 | 502,454,071.02 |
| Provisionofgeneralrisk | ||
| Retainedprofit | 1,951,738,770.03 | 1,803,207,185.06 |
| Totalowner’sequityattributabletoparentcompany | 6,211,715,768.65 | 6,085,800,940.38 |
| Minorityinterests | 402,343,792.96 | 390,562,431.04 |
| Totalowner’sequity | 6,614,059,561.61 | 6,476,363,371.42 |
| Totalliabilitiesandowner’sequity | 24,058,903,150.66 | 23,972,603,896.48 |
LegalRepresentative:WuDinggangPersoninchargeofaccountingworks:YangBingPersoninchargeofaccountinginstitute:HuXiangfei
2.ConsolidatedIncomestatementbetweenthebeginningoftheyearandendofthereportperiod
InRMB
| Item | Currentperiod | Lastperiod | |
| I.Totaloperatingincome | 25,392,929,837.63 | 22,775,149,971.76 | |
| Including:Operatingincome | 25,392,929,837.63 | 22,775,149,971.76 | |
| Interestincome | |||
| Insurancegained | |||
| Commissionchargeandcommissionincome | |||
| II.Totaloperatingcost | 24,919,740,815.00 | 22,239,485,808.43 | |
| Including:Operatingcost | 22,814,651,602.20 | 20,419,014,001.14 | |
| Interestexpense | |||
| Commissionchargeandcommissionexpense | |||
| Cashsurrendervalue | |||
| Netamountofexpenseofcompensation | |||
| Netamountofwithdrawalofinsurancecontractreserve | |||
| Bonusexpenseofguaranteeslip | |||
| Reinsuranceexpense | |||
| Taxandextras | 88,461,144.95 | 80,618,983.44 |
| Salesexpense | 1,204,355,483.17 | 1,141,620,519.32 |
| Administrativeexpense | 289,887,198.88 | 274,049,028.44 |
| R&Dexpense | 522,571,857.23 | 448,349,808.47 |
| Financialexpenses | -186,471.43 | -124,166,532.38 |
| Including:Interestexpenses | 24,906,755.48 | 20,597,273.50 |
| Interestincome | 101,392,384.88 | 141,501,014.85 |
| Add:otherincome | 125,123,336.51 | 121,416,412.81 |
| Investmentincome(Lossislistedwith“-”) | 30,072,540.83 | 21,041,038.63 |
| Including:Investmentincomeonaffiliatedcompanyandjointventure | 8,538,499.92 | 7,635,137.26 |
| Theterminationofincomerecognitionforfinancialassetsmeasuredbyamortizedcost | -20,419,902.10 | -30,503,769.06 |
| Exchangeincome(Lossislistedwith“-”) | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Incomefromchangeoffairvalue(Lossislistedwith“-”) | 88,670,567.94 | -11,228,505.02 |
| Lossofcreditimpairment(Lossislistedwith“-”) | -25,339,996.75 | -1,247,366.84 |
| Lossesofdevaluationofasset(Lossislistedwith“-”) | -82,435,256.97 | -48,615,603.79 |
| Incomefromassetsdisposal(Lossislistedwith“-”) | 111,884.60 | 1,090,679.41 |
| III.Operatingprofit(Lossislistedwith“-”) | 609,392,098.79 | 618,120,818.53 |
| Add:Non-operatingincome | 5,649,236.72 | 7,691,040.94 |
| Less:Non-operatingexpense | 7,384,314.26 | 6,982,910.14 |
| IV.Totalprofit(Lossislistedwith“-”) | 607,657,021.25 | 618,828,949.33 |
| Less:Incometaxexpense | 104,245,622.31 | 73,947,693.77 |
| V.Netprofit(Netlossislistedwith“-”) | 503,411,398.94 | 544,881,255.56 |
| (i)Classifybybusinesscontinuity | ||
| 1.Netprofitfromcontinuingoperations(netlosslistedwith“-”) | 503,411,398.94 | 544,881,255.56 |
| 2.Netprofitfromterminationofoperations(netlosslistedwith“-”) | ||
| (ii)Classifybyownership | ||
| 1.Netprofitattributabletoowner’sofparentcompany | 488,406,410.91 | 532,042,735.95 |
| 2.Minorityshareholders’gainsandlosses | 15,004,988.03 | 12,838,519.61 |
| VI.Netafter-taxofothercomprehensiveincome | -1,904,880.62 | 149,851.21 |
| Netafter-taxofothercomprehensiveincomeattributabletoownersofparentcompany | -1,817,393.46 | 155,402.93 |
| (i)Othercomprehensiveincomeitemswhichwillnotbereclassified |
| subsequentlytoprofitofloss | ||
| 1.Changesofthedefinedbenefitplansthatre-measured | ||
| 2.Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss | ||
| 3.Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 4.Fairvaluechangeofenterprise'screditrisk | ||
| 5.Other | ||
| (ii)Othercomprehensiveincomeitemswhichwillbereclassifiedsubsequentlytoprofitorloss | -1,817,393.46 | 155,402.93 |
| 1.Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 2.Changeoffairvalueofotherdebtinvestment | ||
| 3.Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 4.Creditimpairmentprovisionforotherdebtinvestment | ||
| 5.Cashflowhedgingreserve | ||
| 6.Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | -1,817,393.46 | 155,402.93 |
| 7.Other | ||
| Netafter-taxofothercomprehensiveincomeattributabletominorityshareholders | -87,487.16 | -5,551.72 |
| VII.Totalcomprehensiveincome | 501,506,518.32 | 545,031,106.77 |
| TotalcomprehensiveincomeattributabletoownersofparentCompany | 486,589,017.45 | 532,198,138.88 |
| Totalcomprehensiveincomeattributabletominorityshareholders | 14,917,500.87 | 12,832,967.89 |
| VIII.Earningspershare: | ||
| (i)Basicearningspershare | 0.4743 | 0.5166 |
| (ii)Dilutedearningspershare | 0.4743 | 0.5166 |
EnterprisecombineunderthesamecontrolinthePeriod,thecombinedpartyrealizednetprofitof0.00Yuanbeforecombination,andrealized0.00Yuanatlastperiodforcombinedparty.LegalRepresentative:WuDinggangPersoninchargeofaccountingworks:YangBingPersoninchargeofaccountinginstitute:HuXiangfei
3.ConsolidatedCashFlowStatementBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
| Item | Currentperiod | Lastperiod |
| I.Cashflowsarisingfromoperatingactivities: | ||
| Cashreceivedfromsellingcommoditiesandprovidinglaborservices | 27,244,478,389.60 | 23,142,632,315.40 |
| Netincreaseofcustomerdepositandinterbankdeposit | ||
| Netincreaseofloanfromcentralbank | ||
| Netincreaseofcapitalborrowedfromotherfinancialinstitution | ||
| Cashreceivedfromoriginalinsurancecontractfee | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofinsuredsavingsandinvestment | ||
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofcapitalborrowed | ||
| Netincreaseofreturnedbusinesscapital | ||
| Netcashreceivedbyagentsinsaleandpurchaseofsecurities | ||
| Write-backoftaxreceived | 1,122,837,199.52 | 878,299,622.69 |
| Othercashreceivedconcerningoperatingactivities | 142,470,936.53 | 59,465,418.00 |
| Subtotalofcashinflowarisingfromoperatingactivities | 28,509,786,525.65 | 24,080,397,356.09 |
| Cashpaidforpurchasingcommoditiesandreceivinglaborservice | 24,162,491,841.26 | 18,861,866,738.29 |
| Netincreaseofcustomerloansandadvances | ||
| Netincreaseofdepositsincentralbankandinterbank | ||
| Cashpaidfororiginalinsurancecontractcompensation | ||
| Netincreaseofcapitallent | ||
| Cashpaidforinterest,commissionchargeandcommission | ||
| Cashpaidforbonusofguaranteeslip | ||
| Cashpaidto/forstaffandworkers | 1,694,985,888.04 | 1,546,206,012.81 |
| Taxespaid | 433,837,530.22 | 299,978,134.73 |
| Othercashpaidconcerningoperatingactivities | 873,576,151.81 | 618,358,040.59 |
| Subtotalofcashoutflowarisingfromoperatingactivities | 27,164,891,411.33 | 21,326,408,926.42 |
| Netcashflowsarisingfromoperatingactivities | 1,344,895,114.32 | 2,753,988,429.67 |
| II.Cashflowsarisingfrominvestingactivities: | ||
| Cashreceivedfromrecoveringinvestment | 20,906,761,598.30 | 7,438,000,000.00 |
| Cashreceivedfrominvestmentincome | 108,802,511.20 | 45,916,313.88 |
| Netcashreceivedfromdisposaloffixed,intangibleandotherlong-termassets | 1,404,030.10 | 827,741.22 |
| Netcashreceivedfromdisposalofsubsidiariesandotherunits | ||
| Othercashreceivedconcerninginvestingactivities | 123,604,562.13 | 145,464,949.37 |
| Subtotalofcashinflowfrominvestingactivities | 21,140,572,701.73 | 7,630,209,004.47 |
| Cashpaidforpurchasingfixed,intangibleandotherlong-termassets | 335,245,837.22 | 223,226,696.20 |
| Cashpaidforinvestment | 23,370,000,000.00 | 9,870,000,000.00 |
| Netincreaseofmortgagedloans | ||
| Netcashreceivedfromsubsidiariesandotherunitsobtained | ||
| Othercashpaidconcerninginvestingactivities | 134,132,125.91 | 22,666,893.19 |
| Subtotalofcashoutflowfrominvestingactivities | 23,839,377,963.13 | 10,115,893,589.39 |
| Netcashflowsarisingfrominvestingactivities | -2,698,805,261.40 | -2,485,684,584.92 |
| III.Cashflowsarisingfromfinancingactivities | ||
| Cashreceivedfromabsorbinginvestment | ||
| Including:Cashreceivedfromabsorbingminorityshareholders’investmentbysubsidiaries | ||
| Cashreceivedfromloans | 2,779,799,558.07 | 1,798,005,348.24 |
| Othercashreceivedconcerningfinancingactivities | 332,226,468.58 | 60,913,309.56 |
| Subtotalofcashinflowfromfinancingactivities | 3,112,026,026.65 | 1,858,918,657.80 |
| Cashpaidforsettlingdebts | 2,503,042,196.13 | 1,941,925,085.56 |
| Cashpaidfordividendandprofitdistributingorinterestpaying | 362,242,151.38 | 331,222,527.04 |
| Including:Dividendandprofitofminorityshareholderpaidbysubsidiaries | 4,066,474.72 | 5,083,093.40 |
| Othercashpaidconcerningfinancingactivities | 202,114,377.38 | 106,156,873.90 |
| Subtotalofcashoutflowfromfinancingactivities | 3,067,398,724.89 | 2,379,304,486.50 |
| Netcashflowsarisingfromfinancingactivities | 44,627,301.76 | -520,385,828.70 |
| IV.Influenceoncashandcashequivalentsduetofluctuationinexchangerate | 5,683,154.75 | 19,235,492.91 |
| V.Netincreaseofcashandcashequivalents | -1,303,599,690.57 | -232,846,491.04 |
| Add:Balanceofcashandcashequivalentsattheperiod-begin | 9,976,098,734.11 | 8,391,177,936.62 |
| VI.Balanceofcashandcashequivalentsattheperiod-end | 8,672,499,043.54 | 8,158,331,445.58 |
LegalRepresentative:WuDinggangPersoninchargeofaccountingworks:YangBingPersoninchargeofaccountinginstitute:HuXiangfei(ii)Theinformationoftheadjustingitemsrelatedtothefinancialstatementsatthebeginningoftheyearoffirstimplementationduetothefirstimplementationofnewaccountingstandardsfrom
2025Adjustmentdescription
□Applicable√Notapplicable(iii)Auditors'ReportWhethertheThirdQuarterlyfinancialreporthasbeenauditedornot
□Yes√NoTheThirdQuarterlyfinancialreportoftheCompanyhasnotbeenaudited.
TheBoardofDirectorsofChanghongMeilingCo.,Ltd.
October23,2025
