九阳股份:2021年第三季度报告（英文版）

Joyoung Co.Ltd. Third Quarterly Report
Ticker: 002242 Stock Abbreviation:
Joyoung
Joyoung Co. Ltd.Interim Report of the Third Quarter 2021
The Company and all members of the Board of Directors have guaranteed that the information disclosed is true
accurate and complete and contains no false record misleading statements or material omissions.Important notes:
Board of Directors the Supervisory Committee as well as all the directors supervisors and senior
management staff of Joyoung Co. Ltd. (hereinafter referred to as the “Company”) have guaranteed that this
Report contains no false record misleading statement or material omission and shall be jointly and severally
liable for the factuality accuracy and completeness of the information given in this Report.CEO of the Company CFO of the Company and Chief Accountant of Accounting Institution declared
that the quarterly financial statements should be true accurate and complete.In case of any discrepancy the Chinese version of the report shall prevail.Whether the third quarterly report was audited
□ Yes √ No
I. Key Accounting Data and Financial Indicators
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data
□ Yes √ No
From 1 January
From 1 July 2021 to
YoY Change 2021 to 30 YoY Change
30 September 2021
September 2021
Operating revenue (RMB) 2288421316.19 -9.35% 7031953663.00 -0.72%
Net Profit attributable to shareholders of the Company
211704401.73-6.42%663158912.962.98%
(RMB)
Net profit attributable to shareholders of the Company
197518780.25-5.51%546476352.91-9.24%
before non-recurring gains and losses (RMB)
Net cash flows from operating activities (RMB) —— —— -459813538.33 -154.97%
Basic earnings per share (RMB / share) 0.29 -3.33% 0.87 3.57%
Diluted earnings per share (RMB / share) 0.28 -6.67% 0.86 2.38%
Decreased by 1.78 Decreased by 2.17
Weighted average return on net assets 4.07% 14.37%
percent point percent point
30 Sep. 2021 30 Sep. 2020 Flux
Total assets (RMB) 7580907506.60 9134826691.51 -17.01%
Net assets attributable to shareholders of the
4184856332.934283761519.10-2.31%
Company (RMB)
1Joyoung Co.Ltd. Third Quarterly Report
2. Non-recurring gain and loss items and amounts thereof
Unit: RMB
From 1 July 2021 to 30 From 1 January 2021 to 30
Item Note
September 2021 September 2021
Profit or loss from disposal of non-current assets (including the write
-196760.886909911.46
off of the provision for impairment of assets)
Government grants included in the current profit or loss (that is
closely related to the operations of the Company except for those
6235526.8176490396.77
of fixed quotas or amounts according to the nationally unified
standards)
Gains or losses from changes in fair value arising from the holding
of trading financial assets derivative financial assets trading
financial liabilities and derivative financial liabilities and investment
income from the disposal of trading financial assets derivative
4075069.6749056454.34
financial assets trading financial liabilities derivative financial
liabilities and other debt investments excluding the effective
hedging business related to the Company’s normal business
operations
Other non-operating income or expenses except the above items 8415960.69 15653453.58
Less: Impact of income taxes 4390330.59 31147097.33
Impact of minority interests (after tax) -46155.78 280558.77
Total 14185621.48 116682560.05 --
Details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
For non-recurring profit or loss items listed in the Interpretative Announcement on Information Disclosure of Companies Offering
Securities to the Public No. 1 — Non-recurring Profit or Loss that have been defined as recurring profit or loss items by the Company
please provide the reasons
□ Applicable √ Not applicable
3. Changes in key accounting data and financial indicators and reasons for such changes
Unit: RMB
Item 30 September 31 December Flux Notes
20212021
Trading financial assets 543268397.23 1246680033.61 -56.42% Mainly due to redemption of wealth management products
at the end of the period
Notes receivable 1256645555.26 1895450516.93 -33.70% Mainly due to the decrease in notes collections in the
current period
Accounts receivable 776781891.28 212481359.50 265.58% Mainly due to the increase in receivables from JS Global
Trading HK Limited which have not yet reached their due
dates
Receivables financing 446551564.74 758694902.66 -41.14% Mainly due to the endorsement of notes receivable in the
period-end
Prepaid expense 83769484.63 16243257.44 415.72% Mainly due to the increase in raw materials and the increase
in the amount of locking in raw material prices during the
period
Other receivables 92928264.62 168782890.42 -44.94% Mainly due to the recovery of plant and compensation for
land resumption during the period
Construction in progress 54270244.98 11012005.02 392.83% Mainly due to the new industrial factory project in the current
period
Long-term deferred expense 9392145.74 4273916.45 119.76% Mainly due to the increase in advertising and promotion
expenses in the current period
Notes payable 1601309031.91 1227524091.85 30.45% Mainly due to the higher use of notes for settlement in the
period
Accounts payable 1145891369.68 2445262708.10 -53.14% Mainly due to the higher use of prepaid expense for
2Joyoung Co.Ltd. Third Quarterly Report
settlement in the period
Unearned revenue 1301873.47 -100.00% Mainly due to the decrease in rent received in advance
during the period
Contract liability 308062516.01 568863419.80 -45.85% Mainly due to the decrease in advance receipts in the
current period
Payroll payable 30423598.12 239440390.99 -87.29% Mainly due to bonus payment at the beginning of the period
Other payables 79796888.57 143383890.67 -44.35% Mainly due to the decrease in accrued unpaid expenses in
the current period
Right-of-use asset 48035043.99 This is mainly due to the recognition of right-of-use assets
Lease liability 22035656.08 and lease liabilities as a result of the implementation of the
new leasing standards in the current period
Current portion of non-current 29151811.52
liabilities
Other current liabilities 40048127.08 72741689.90 -44.94% Mainly due to decrease in contract liabilities and related stay
- recognition tax
Minority interests -6525688.24 -1269760.66 -413.93% Mainly due to the loss of SharkNinja (China) in the current
period
Item From 1 January From 1 January YoY Note
2021 to 30 2021 to 30
September 2021 September 2020
Taxes and surcharges 27956551.98 40944630.40 -31.72% Mainly due to the decrease in city construction tax and
education surcharge
Financial expense -20735319.66 -13260474.11 -56.37% Mainly due to the increase in interest income
Other income 76730424.69 26604473.22 188.41% Mainly due to the increase in government subsidies in the
current period
Investment income 53838899.20 20982567.45 156.59% Mainly due to the increase in income from long-term
investments and wealth management investments in the
current period
Gains/(Losses) on changes in fair 13058790.16 -9828547.70 232.87% Mainly due to the increase in the fair value of the fund
value during the period
Credit impairment losses -12732405.68 -20628705.62 38.28% Mainly due to the decrease in bad debts from other
receivable during the period
Asset impairment losses -9619182.89 -5061750.94 -90.04% Mainly due to the increase in bad debts of prepaid expense
Non-operating income 14731647.50 4007813.38 267.57% Mainly due to the receipt of compensation income during the
period
Non-operating expense 10318936.96 5607292.43 84.03% Mainly due to the increase in donation expenses in the
current period
Net cash flows from operating -459813538.33 836525901.98 -154.97% Mainly due to the payment for raw materials in the current
activities period
Cash received from returns on 10851423.00 3500000.00 210.04% Mainly due to the increase in cash received from the
investments disposal of associates during the period
Net cash received from disposal 150940690.59 28432063.55 430.88% Mainly due to the recovery of the prior period's disposal of
of fixed assets intangible assets the South Plant in the current period
and other long-term assets
Cash paid to acquire fixed assets 69179022.89 52198209.64 32.53% Mainly due to the addition of construction in progress during
intangible assets and other the period
long-term assets
Cash paid to acquire investments 23540303.16 15202789.49 54.84% Mainly due to the increase in the purchase of equity
instruments and financial instruments during the period
Cash paid relating to other 2276500000.00 3303300000.00 -31.08% Mainly due to the decrease in wealth management product
investing activities purchases in the current period
Cash received relating to other 25520.00 829053052.04 -100.00% Mainly due to the decrease in financing bank acceptance
financing activities bills received during the period
Sub-total of cash inflows from 24525520.00 853553052.04 -97.13% Mainly due to the decrease in financing bank acceptance
financing activities bills received during the period
Cash payments for interest 767017000.00 444917420.00 72.40% Mainly due to the increase in dividend distribution for the
expenses and distribution of period
dividends or profits
Cash payments relating to other 50136000.00 360038000.00 -86.07% Mainly due to the decrease in payment of financing bank
financing activities acceptance bills in the period
Net cash flows from financing -792627480.00 48597632.04 -1731.00% Mainly due to the decrease in payment of financing bank
activities acceptance bills in the period
3Joyoung Co.Ltd. Third Quarterly Report
II. Shareholder Information
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the period-end
Unit: share
Total number of preferred
Total number of common shareholders at the end of the shareholders with resumed voting
389160
Reporting Period rights at the end of the Reporting
Period (if any)
Top 10 common shareholders
Total shares Number of Pledged or frozen shares
Nature of Shareholding
Name of shareholder held at the restricted
shareholder percentage
period-end shares held Status Number
Domestic
Shanghai Lihong Enterprise
non-state-owned 50.13% 384523746 Pledged 307618897
Management Limited
corporation
BILTING DEVELOPMENTS LIMITED Foreign corporation 16.94% 129924090
Hong Kong Securities Clearing Co.Foreign corporation 11.80% 90515456
Ltd.State-owned
Central Huijin Investment Ltd. 1.49% 11442633
corporation
Basic Pension Insurance Fund Portfolio
Others 1.40% 10721435
No. 1001
China Merchants Bank-Rosefinch
Industry Best Choice Hybrid Securities Others 0.57% 4391600
Investment Fund
China Merchants Bank-Zhuque
Rosefinch One-Year Holding Hybrid Others 0.56% 4263006
Securities Investment Fund
Rosefinch Fund-Shaanxi Coal Industry
Company Limited-Shaanxi Coal
Others 0.40% 3032307
Rosefinch New Economy Industry
Single Asset Management Plan
GF Securities-Rosefinch Corporate
Others 0.38% 2882320
Preferred Equity Fund
Bank of Korea- Equity Fund Foreign corporation 0.30% 2336500
Top 10 non-restricted common shareholders
Type of shares
Name of shareholder Number of non-restricted shares held
Type of shares Number
Shanghai Lihong Enterprise Management Limited 384523746 RMB common stock 384523746
BILTING DEVELOPMENTS LIMITED 129924090 RMB common stock 129924090
Hong Kong Securities Clearing Co. Ltd. 90515456 RMB common stock 90515456
Central Huijin Investment Ltd. 11442633 RMB common stock 11442633
Basic Pension Insurance Fund Portfolio No. 1001 10721435 RMB common stock 10721435
China Merchants Bank-Rosefinch Industry Best Choice
4391600 RMB common stock 4391600
Hybrid Securities Investment Fund
China Merchants Bank-Zhuque Rosefinch One-Year Holding
4263006 RMB common stock 4263006
Hybrid Securities Investment Fund
Rosefinch Fund-Shaanxi Coal Industry Company
Limited-Shaanxi Coal Rosefinch New Economy Industry 3032307 RMB common stock 3032307
Single Asset Management Plan
GF Securities-Rosefinch Corporate Preferred Equity Fund 2882320 RMB common stock 2882320
Bank of Korea- Equity Fund 2336500 RMB common stock 2336500
Related or acting-in-concert parties among shareholders In April 2019 the shareholding structure of Bilting Developments Limited
4Joyoung Co.Ltd. Third Quarterly Report
above changed. MR. Xuning WANG the controlling shareholder of the Company became
the controlling shareholder of Bilting Developments Limited (See Report No.
2019-027 of the Company on www.chinainfo.com.cn.). As a result Shanghai
Lihong Enterprise Management Co. Ltd. and Bilting Developments Limited both
controlled by Mr. Xuning WANG are defined as acting-in-concert parties by the
Administrative Measures for the Takeover of Listed Companies.Other than the aforementioned related and acting-in-concert parties the
Company is uncertain about whether there are related or acting-in-concert parties
among shareholders above.Explanation on the top 10 common shareholders participating
N/A
in securities
margin trading (if any)
2.Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings
□ Applicable √ Not applicable
III. Other Significant Events
□ Applicable √ Not applicable
VI. Quarterly Financial Statements
1. Financial Statements
1.1 Consolidated Balance Sheet
Prepared by: Joyoung Co. Ltd.Unit: RMB
Item 30 September 2021 31 December 2021
Current assets:
Cash at bank and on hand 1555751114.72 1961209198.52
Deposit reservation for balance
Lending funds
Trading financial expense 543268397.23 1246680033.61
Derivative financial assets
Notes receivable 1256645555.26 1895450516.93
Accounts receivable 776781891.28 212481359.50
Receivables financing 446551564.74 758694902.66
Prepaid expense 83769484.63 16243257.44
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 92928264.62 168782890.42
Including: interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 778146716.56 944928730.94
Contract assets
Holding assets for sale
5Joyoung Co.Ltd. Third Quarterly Report
Item 30 September 2021 31 December 2021
Current portion of non-current liabilities
Other current assets 122244513.68 95244781.09
Total current assets 5656087502.72 7299715671.11
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables 20627825.00 23550500.00
Long-term equity investments 193081224.56 182672045.70
Investments in other equity instruments 282552082.98 261574880.56
Other non-current financial assets 370180059.85 354580966.53
Investment properties 95652730.16 91011579.14
Fixed assets 604782694.56 646310542.44
Construction in progress 54270244.98 11012005.02
Productive biological asset
Oil and gas assets
Right-of-use assets 48035043.99
Intangible assets 122529879.92 124865929.90
Development expenditures
Goodwill
Long-term prepaid expenses 9392145.74 4273916.45
Deferred tax assets 58716072.14 70258654.66
Other non-current assets 65000000.00 65000000.00
Total non-current assets 1924820003.88 1835111020.40
TOTAL ASSETS 7580907506.60 9134826691.51
Current liabilities:
Short-term borrowings
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liability
Notes payable 1601309031.91 1227524091.85
Accounts payable 1145891369.68 2445262708.10
Unearned revenue 1301873.47
Contract liabilities 308062516.01 568863419.80
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 30423598.12 239440390.99
Tax payable 91458330.05 101144277.49
Other payables 79796888.57 143383890.67
Including: Interest payable
Dividend payable
Handling fees and commissions payable
Dividend payable for reinsurance
6Joyoung Co.Ltd. Third Quarterly Report
Item 30 September 2021 31 December 2021
Holding liabilities for sale
Current portion of non-current liabilities 29151811.52
Other current liabilities 40048127.08 72741689.90
Total current liabilities 3326141672.94 4799662342.27
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 22035656.08
Long-term payables
Long-term payroll payable
Accrued liabilities
Deferred income 1369375.06 1570000.00
Deferred tax liabilities 53030157.83 51102590.80
Other non-current liabilities
Total non-current liabilities 76435188.97 52672590.80
Total liabilities 3402576861.91 4852334933.07
Shareholders’ equity
Share capital 767033000.00 767169000.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital surplus 942348540.87 933782862.84
Less: Treasury stock
Other comprehensive income 20606021.56 21584865.16
Special reserve
Surplus reserve 397820873.71 397820873.71
General risk reserve
Undistributed profits 2057047896.79 2163403917.39
Total equity attributable to shareholders of the Company 4184856332.93 4283761519.10
Minority interests -6525688.24 -1269760.66
Total shareholders’ equity 4178330644.69 4282491758.44
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7580907506.60 9134826691.51
Legal representative: Ningning Yang Principal in charge of accounting: Jiantiao Qiu Head of accounting department: Wen
Guo
1.2 CONSOLIDATED INCOME STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021
Unit: RMB
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
Total revenue 7031953663.00 7082944404.29
Including: Operating revenue 7031953663.00 7082944404.29
Interest income
7Joyoung Co.Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
Earned Premium
Handling fees and commission income
Total operating cost 6428336085.06 6354338648.43
Including: Cost of sales 4927257842.45 4880330624.02
Interest expense
Handling fees and commission expenses
Surrender value
Net payments for insurance claims
Net provision for insurance liability
Bond insurance expense
Amortized Reinsurance Expenditures
Taxes and surcharges 27956551.98 40944630.40
Selling and distribution expenses 1036712663.47 990575154.88
General and administrative expenses 230586637.26 237210831.38
Research and development expenses 226557709.56 218537881.86
Financial income -20735319.66 -13260474.11
Including: Interest expenses 1506250.07
Interest income 26332788.86 24919428.33
Add: Other income 76730424.69 26604473.22
Investment income/(loss) 53838899.20 20982567.45
Including: Investment income from associates and joint ventures 10764226.72 2233431.23
Including: Profits or losses arising from derecognition of financial
assets measured at amortized costs
Foreign exchange gains/(losses)
Net exposure to hedging gains/(losses)
Gains/(Losses) on changes in fair value 13058790.16 -9828547.70
Credit impairment losses -12732405.68 -20628705.62
Asset impairment losses -9619182.89 -5061750.94
Losses on disposal of assets 183434.85 161334.61
Operating profit 725077538.27 740835126.88
Add: Non-operating income 14731647.50 4007813.38
Less: Non-operating expenses 10318936.96 5607292.43
Total profit 729490248.81 739235647.83
Less: Income tax expenses 95219286.13 102953462.58
Net Profit 634270962.68 636282185.25
(1) Classified by continuity of operations
Net profit from continuing operations 634270962.68 636282185.25
Net profit from discontinued operations
(2) Classified by ownership of the equity
Attributable to shareholders of the Company 663158912.96 643988210.04
Minority interests -28887950.28 -7706024.79
Other comprehensive income net of tax -978843.60 5457275.76
Other comprehensive income attributable to equity owners of the Company net
-978843.605457275.76
of tax
(1) Other comprehensive income items which will not be reclassified
-119546.60-4469398.03
subsequently to profit or loss
8Joyoung Co.Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
1) Changes arising from remeasurement of defined benefit plan
2) Other comprehensive income that cannot be transferred to profit or
loss under the equity method
3) Changes in fair value of investments in other equity instruments -119546.60 -4469398.03
4) Changes in fair value of an enterprise's own credit risk
5) Others
(2) Other comprehensive income items which will be reclassified
-859297.009926673.79
subsequently to profit or loss
1) Other comprehensive income available for transfer to profit or loss
under the equity method
2) Changes in fair value of other debt investments
3) Reclassification of financial assets to other comprehensive income
4) Provision for credit impairment of other debt investments
5) Cash flow hedge reserve
Differences on translation of foreign currency financial statements -859297.00 9926673.79
Others
Other comprehensive income attributable to minority shareholders net of tax
Total comprehensive income 633292119.08 641739461.01
Attributable to equity owners of the Company 662180069.36 649445485.80
Attributable to minority interests -28887950.28 -7706024.79
Earnings per share:
(1) Basic earnings per share 0.87 0.84
(2) Diluted earnings per share 0.86 0.84
In the case of a business combination under the same control in the current period the net income realized by the party being consolidated before
the combination was: $0.00 and the net income realized by the party being consolidated in the previous period was: $0.00.Legal representative: Ningning Yang Principal in charge of accounting: Jiantiao Qiu Head of accounting department: Wen
Guo
1.3 CONSOLIDATED CASH FLOW STATEMENTS
Unit: RMB
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 7968153431.84 8020841116.05
Net increase in customer deposits and deposits from banks and other
financial institutions
Net decrease in deposits with the Central Bank
Net decrease in deposits with other financial institutions
Cash received from premiums of original insurance contracts
Net cash received from reinsurance operations
Net increase in policyholders' savings and investment funds
Cash received from interest fee and commission
Net increase in borrowed funds
Net increase in funds for repurchase operations
Net cash received from agency purchases and sales of securities
Refund of taxes and surcharges 40000000.00
9Joyoung Co.Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
Cash received relating to other operating activities 182723928.83 193095668.08
Sub-total of cash inflows 8190877360.67 8213936784.13
Cash paid for goods and services 6256676573.58 5254913472.81
Net increase in loans and advances to customers
Deposits from banks and other financial institutions
Cash payment of benefits from the original insurance contract
Net increase in funds removed
Cash paid for interest fee and commission
Cash paid as policy dividends
Cash paid to and on behalf of employees 655418395.48 608102856.12
Payments of taxes and surcharges 468145557.23 424150413.64
Cash paid relating to other operating activities 1270450372.71 1090244139.58
Sub-total of cash outflows 8650690899.00 7377410882.15
Net cash flows from operating activities -459813538.33 836525901.98
2. Cash flows from investing activities
Cash received from disposal of investments 10851423.00 3500000.00
Cash received from returns on investments 35090910.71 33286658.78
Net cash received from disposal of fixed assets intangible assets and other
150940690.5928432063.55
long-term assets
Net cash received from disposal of subsidiaries and other business units 0.00
Cash received relating to other investing activities 2186600000.00 1992900000.00
Sub-total of cash inflows 2383483024.30 2058118722.33
Cash paid to acquire fixed assets intangible assets and other long-term
69179022.8952198209.64
assets
Cash paid to acquire investments 23540303.16 15202789.49
Net increase in pledged loans
Net cash paid to acquire subsidiaries and other business units
Cash paid relating to other investing activities 2276500000.00 3303300000.00
Sub-total of cash outflows 2369219326.05 3370700999.13
Net cash flows from investing activities 14263698.25 -1312582276.80
3. Cash flows from financing activities
Cash received from capital contributions 24500000.00 24500000.00
Including: Cash received from capital contributions by minority shareholders
24500000.0024500000.00
of subsidiaries
Cash received from borrowings
Cash received relating to other financing activities 25520.00 829053052.04
Sub-total of cash inflows 24525520.00 853553052.04
Cash repayments of borrowings
Cash payments for interest expenses and distribution of dividends or profits 767017000.00 444917420.00
Including: Cash payments for dividends or profit to minority shareholders of
subsidiaries
Cash payments relating to other financing activities 50136000.00 360038000.00
Sub-total of cash outflows 817153000.00 804955420.00
Net cash flows from financing activities -792627480.00 48597632.04
4. Effect of foreign exchange rate changes on cash
-3022527.45-3070481.25
and cash equivalents
10Joyoung Co.Ltd. Third Quarterly Report
For the nine months ended 30 For the nine months ended
Item
September 2021 30 September 2020
5. Net increase in cash and cash equivalents -1241199847.53 -430529224.03
Add: Cash and cash equivalents at the beginning of the period 1713797184.45 1160756361.34
6. Cash and cash equivalents at the end of the period 472597336.92 730227137.31
2. Note on accounting adjustments on financial statements
2.1 Financial statement adjustment at the beginning of the initial implementation of new leasing standards from 2021
Whether need to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
CONSOLIDATED BALANCE SHEET
Unit: RMB
Item 31 December 2021 1 January 2021 Adjustment
Current Asset:
Cash at bank and on hand 1961209198.52 1961209198.52
Deposit Reservation for Balance
Lending funds
Trading financial statements 1246680033.61 1246680033.61
Derivative financial assets
Notes receivable 1895450516.93 1895450516.93
Accounts receivable 212481359.50 212481359.50
Receivables financing 758694902.66 758694902.66
Prepaid expense 16243257.44 16243257.44
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 168782890.42 168782890.42
Including: interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 944928730.94 944928730.94
Contract assets
Holding assets for sale
Current portion of non-current assets
Other current asset 95244781.09 95244781.09
Total current asset 7299715671.11 7299715671.11
Non-current asset:
Disburse loans and advances
Debt Investment
Other debt investments
Long-term receivables 23550500.00 23550500.00
Long-term equity investments 182672045.70 182672045.70
Investments in other equity instruments 261574880.56 261574880.56
Other non-current financial assets 354580966.53 354580966.53
Investment properties 91011579.14 91011579.14
11Joyoung Co.Ltd. Third Quarterly Report
Item 31 December 2021 1 January 2021 Adjustment
Fixed assets 646310542.44 646310542.44
Construction in progress 11012005.02 11012005.02
Productive biological asset
Oil and gas assets
Right-of-use assets 37016346.38 37016346.38
Intangible assets 124865929.90 124865929.90
Development expenditure
Goodwill
Long-term deferred expenses 4273916.45 4273916.45
Deferred tax assets 70258654.66 70258654.66
Other non-current assets 65000000.00 65000000.00
Total non-current assets 1835111020.40 1872127366.78 37016346.38
TOTAL ASSETS 9134826691.51 9171843037.89 37016346.38
Current liabilities
Short-term borrowings
Customer deposits and deposits from banks
Loans from other banks and other financial
institutions
Trading financial liabilities
Derivative financial liabilities
Notes payables 1227524091.85 1227524091.85
Account payables 2445262708.10 2445262708.10
Unearned revenue 1301873.47 1301873.47
Contract liabilities 568863419.80 568863419.80
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 239440390.99 239440390.99
Taxes payable 101144277.49 101144277.49
Other payables 143383890.67 143383890.67
Including interest payable
Dividends payable
Fees and commissions payable
Sub-insurance accounts payable
Holding liabilities for sale
Current portion of non-current liabilities 10135444.87 10135444.87
Other current liabilities 72741689.90 72741689.90
Total current liabilities 4799662342.27 4809797787.14 10135444.87
Non-current liabilities
Insurance contract reserves
Long-term borrowings
Bonds receivable
Including: preferred stock
Perpetual bond
Leasing liability 29378835.07 29378835.07
12Joyoung Co.Ltd. Third Quarterly Report
Item 31 December 2021 1 January 2021 Adjustment
Long-term payable
Long-term payroll payable
Accrued liabilities
Deferred income 1570000.00 1570000.00
Deferred tax liabilities 51102590.80 51102590.80
Other non-current liabilities
Total non-current liabilities 52672590.80 82051425.87 29378835.07
Total liabilities 4852334933.07 4891849213.01 39514279.94
Shareholders’ equity
Share capital 767169000.00 767169000.00
Other equity instruments
Including: preferred stock
Perpetual bonds
Capital surplus 933782862.84 933782862.84
Less: Treasury stock
Other comprehensive income 21584865.16 21584865.16
Special reserve
Surplus reserve 397820873.71 397820873.71
General risk reserve
Undistributed profits 2163403917.39 2160905983.83 -2497933.56
Total equity attributable to shareholders of the Company 4283761519.10 4281263585.54 -2497933.56
Minority interests -1269760.66 -1269760.66
Total shareholders’ equity 4282491758.44 4279993824.88 -2497933.56
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 9134826691.51 9171843037.89 37016346.38
Note of accounting adjustments
The Ministry of Finance (MOF) revised and issued Enterprise Accounting Standard No. 21 - Leases in December 2018 which is effective from
January 1 2019 for enterprises listed both domestically and internationally and for enterprises listed outside of China that adopt IFRS or ASBE for
preparing financial statements. For other enterprises that have implemented the ASBE the standards will be effective from January 1 2021. The
Company has changed its accounting policies accordingly.
2.2 Note on Retrospective Adjustment of Comparative Data for Initial Implementation of the New Leasing Standard
Commencing from 2021
□ Applicable √ Not applicable
3. Auditing Report
Whether the third quarterly report was audited
□ Yes √ No
Joyoung Co. Ltd. Board of Directors
27 October 2021
13