新和成:2021年第三季度报告（英文版）

Securities Code:002001 Securities Abbr:NHU
Zhejiang NHU Company Ltd.Q3 2021 Report
The Company and whole members of the BOD guarantee that the information disclosed is
authentic accurate complete and free from any false records misleading statements or significant
omissions.Important Content Reminder:
1. The Board of Directors Board of Supervisors directors supervisors and senior executives of
Zhejiang NHU Company Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the
information presented in this report is authentic accurate complete and free of any false records
misleading statements or material omissions and they will bear joint and several liabilities for such
information.
2. The Company’s legal representative the person in charge of finance and accounting work and
the person in charge of accounting institution (Accounting Officer) hereby declare and warrant that
the financial statements in this report are authentic accurate and complete.
3. Whether the Third Quarterly Report has been audited or not
□ Yes √ No
Note:
This Report has been prepared in both Chinese and English version and the English version is for
reference only. Should there be any discrepancies or misunderstandings between the two versions
the Chinese versions shall prevail. The complete published Chinese Third Quarterly Report may be
obtained at www.cninfo.com.cn.
1Securities Code:002001 Securities Abbr:NHU
Section Ⅰ Key Accounting Data
Ⅰ Key Accounting Data and Financial Indicators
Whether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not
√ Yes □ No
Retroactive adjustment or restatement of reasons
Consolidated under the Same Control
YoY YoY
Q3 2020 Q1-Q3 2020
Change(%) Change(%)
Item Q3 2021 Q1-Q3 2021 Before After
Before After After After
Adjustmen Adjustmen
Adjustment Adjustment Adjustment Adjustment
t t
32620749321701631217016311051629674733287473328
Operating Revenue (RMB) 50.31% 40.72%
6.8965.6865.68574.90667.93667.93
Net Profit Attributable to
957591164.7281732877265926413366090229374032935522
Shareholders of the Listed 31.79% 14.67%
57.72.5898.07053.23918.78
Company (RMB)
Net Profit Attributable to
Shareholders of the Listed
922007774.6862255136862255133201462428010622801062
Company after Deducting 34.36% 14.29%
31.80.8029.94619.03619.03
Non-recurring Gains and
Losses (RMB)
Net Cash Flow Generated by 38308244 2136658 2044681
————————87.36%
Operational Activities (RMB) 90.52 649.79 185.86
Basic Earnings per Share
0.37 0.28[Note] 0.28[Note] 32.14% 1.31 1.14[Note] 1.14[Note] 14.91%
(RMB/Share)
Diluted Earnings per Share
0.37 0.28[Note] 0.28[Note] 32.14% 1.31 1.14[Note] 1.14[Note] 14.91%
(RMB/Share)
Increase Increase
0.520.23
Weighted Average ROE 4.53% 4.04% 4.01% 16.55% 16.45% 16.32%
percentage percentage
point point
At the End of the Current At the End of Last Year Change(%)
Item
Reporting Period Before Adjustment After Adjustment After Adjustment
Total Assets (RMB) 33553242598.08 30897007799.54 30897007799.54 8.60%
Net Assets Attributable to
Shareholders of the Listed 20870228922.98 19336254922.95 19336254922.95 7.93%
Company (RMB)
Note: Weifang Jinghe Real Estate Co. Ltd was included in the scope of the Company’s consolidation on November 1 2020 and the
Company made retroactive adjustments to the relevant financial statement data.[Note] After the implementation of the Company’s profit distribution plan for 2020 the Company’s share capital increased from
2148662300.00 shares to 2578394760.00 shares and the above earnings per share for the same period of the previous year was
recalculated based on the adjusted share capital.
2Securities Code:002001 Securities Abbr:NHU
II Breakdown of non-recurring gains and losses for this period
√ Applicable □ Not applicable
Unit: RMB
Item Q3 2021 Q1-Q3 2021 Note
Profit and Loss from Disposal of Non-current Assets -783508.00 282056.79
The government subsidies included in the current
profits and losses (excluding the government
subsidies closely related to regular businesses of the 26651861.18 103032538.14
Company and issued in the quota or quantity based
on the national standards)
Gains or losses from investment or asset
3218622.3932836592.17
management entrusted to others
Profits and losses resulting from the changes in fair
value for holding trading financial assets derivative
financial assets and trading financial liabilities
derivative financial liabilities and investment income
from disposal of trading financial assets derivative
8142423.9531443452.98
financial assets trading financial liabilities
derivative financial liabilities and other obligatory
right investment excluding the effective hedging
businesses related to the regular business operation
of the Company
Non-operating revenue and expenses other than the
-1158572.448407953.47
above
Less: Impact of income tax 487436.82 11374725.42
Total 35583390.26 164627868.13 --
Details of other profit and loss items that meet the definition of non-recurring profit and loss
□ Applicable √ Not applicable
The Company does not have any other profit and loss items that meet the definition of non-recurring profit and loss.Explanation on defining the non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on Information
Disclosure for Companies Offering Their Securities to Public - Non-recurring Profit and loss as non-recurring profit and loss items.□ Applicable √ Not applicable
The Company does not define the non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on Information
Disclosure for Companies Offering Their Securities to Public - Non-recurring Profit and loss as recurring profit and loss items.III Major Changes of Main Items in Financial Statements and Financial Indicators within the Reporting
Period as well as the Reasons for the Changes
√ Applicable □Not applicable
1、Balance Sheet Position
(1) The closing balance of trading financial assets increased by 47.54% compared to the closing balance in the previous year mainly
due to the increase of the purchase of principal-protected floating-income financial products in the current reporting period.
(2) The closing balance of notes receivable increased by 37.62% compared to the closing balance in the previous year. It was mainly
due to that the qualified notes receivable were reclassified into financial assets measured at fair value and recorded into other
comprehensive income in the previous year.
(3) The closing balance of receivables financing decreased by 79.72% compared to the closing balance in the previous year. It was
3Securities Code:002001 Securities Abbr:NHU
mainly due to that the qualified notes receivable were reclassified into financial assets measured at fair value and recorded into other
comprehensive income in the previous year.
(4) The closing balance of prepayments increased by 52.64% compared to the closing balance in the previous year. It was mainly due
to the increase of prepayment in raw materials in the current reporting per iod.
(5) The closing balance of other current assets decreased by 73.65% compared to the closing balance in the previous year. It was
mainly due to the repurchase of the expired bank financial products in the current reporting period.
(6) The closing balance of construction in progress increased by 91.98% compared to the closing balance in the previous year. It was
mainly due to the increase of the investment in project TMB project Hongweisu and other new projects in the current reporting
period.
(7) The closing balance of long-term deferred expenses increased by 51.55% compared to the closing balance in the previous year. It
was mainly due to the increase of input in deferred material in the current reporting period.
(8) The closing balance of other non-current assets increased by 74.36% compared to the closing balance in the previous year. It was
mainly due to the increase of prepayment in equipment in the current reporting period.
(9) The closing balance of contract labilities increased by 36.98% compared to the closing balance in the previous year. It was mainly
due to the increase of advance payments on sales in the current reporting period.
(10) The closing balance of other payables decreased by 48.43% compared to the closing balance in the previous year. It was mainly
due to paying the balance of projects.
(11) The closing balance of long-term borrowings increased by 30.01% compared to the closing balance in the previous year. It was
mainly due to the increase of long-term bank borrowings required for projects investment.
(12) The closing balance of deferred income tax liabilities increased by 38.78% compared to the closing balance in the previous year.
It was mainly due to the increase of taxable temporary differences which was brought by the deducting amount of part of fixed
assets when calculating the taxable income amount.
(13) The closing balance of treasury share increased by 100.00% compared to the closing balance in the previous year. It was mainly
due to the repurchase of part of companies’ social public shares.
(14) The closing balance of other comprehensive incomes decreased by 37.44% compared to the closing balance in the previous year.
It was mainly due to the difference of translating foreign currency financial statement.
2. Income Statement Position
(1) Operating income in the current Q1-Q3 period increased by 40.72% compared to the same period of last year. It was mainly due
to the increase of nutritional products on sales volume in the current Q1-Q3 period.
(2) Operating cost in the current Q1-Q3 period increased by 80.12% compared to the same period of last year. It was mainly due to
the increase of nutritional products on sales volume and adjusting freight and transportation premium into operating costs for
implementing the new income standard in the current Q1-Q3 period.
(3) Sales expenses in the current Q1-Q3 period decreased by 56.12% compared to the same period of last year. It was mainly due to
adjusting freight and transportation premium into operating costs for implementing the new income standard in the current Q1-Q3
period.
(4) Research and development expenses in the current Q1-Q3 period increased by 48.96% compared to the same period of last year.
It was mainly due to the increase of material inputs and salary in the current Q1-Q3 period.
(5) Investment income in the current Q1-Q3 period decreased by 30.94% compared to the same period of last year. It was mainly due
to the decrease in purchase of structured deposits in the current Q1-Q3 period..
(6) Incomes from changes in fair in the current Q1-Q3 period increased by 160.45% compared to the same period of last year. It was
mainly due to the fluctuation in exchange rate of forward settlement and sale in the current Q1-Q3 period.
(7) Credit impairment losses in the current Q1-Q3 period decreased by 36.46% compared to the same period of last year. It was
mainly due to the decrease of bad debt provision caused by changes in the age of accounts receivable in the current Q1-Q3 period..
4Securities Code:002001 Securities Abbr:NHU
(8) Asset impairment losses in the current Q1-Q3 period increased by 220.62% compared to the same period of last year. It was
mainly due to the increase of provision for inventory declines in the current Q1-Q3 period.
(9) Asset disposal income in the current Q1-Q3 period decreased by 90.78% compared to the same period of last year. It was mainly
due to the loss on disposal of non-current assets in the current Q1-Q3 period.
(10) Non-operating revenues in the current Q1-Q3 period increased by 710.82% compared to the same period of last year. It was
mainly due to receive compensation in the current Q1-Q3 period.
(11) Non-operating expenses in the current Q1-Q3 period decreased by 73.87% compared to the same period of last year. It was
mainly due to donations made to the epidemic last year.
3. Cash Flow Statement Position
(1) Net cash flow generated by operating activities in the current Q1-Q3 period increased by 87.36% compared to the same period of
last year. It was mainly due to the increase in sales revenue and corresponding increase in payment for goods in the current Q1-Q3
period.
(2) Net cash flow generated by investment activities in the current Q1-Q3 period decreased by 541.92% compared to the same period
of last year. It was mainly due to the decrease of financial products recovered and the increase of fixed asset construction expenses in
the current Q1-Q3 period.
(3) Net cash flow generated by financing activities in the current Q1-Q3 period increased by 39.06% compared to the same period of
last year. It was mainly due to the increase of new bank borrowings in the current Q1-Q3 period.
5Securities Code:002001 Securities Abbr:NHU
Section Ⅱ Shareholders Information
Ⅰ Total Number of Common Shareholders and Preferred Shareholders Whose Voting Rights Have Been
Recovered Shareholding List of Top 10 Shareholders
Unit: share
Total Number of Preferred
Shareholders (If Any) Whose
Total Number of Common Shareholders at
99655 Voting Rights Have Been 0
the End of the Reporting Period
Recovered at the End of the
Reporting Period
Shareholding List of Top 10 Shareholders
Pledged Marked or
The Number of
Shareholding Shareholding Frozen
Shareholder Name Shareholder Nature Shares Held with
Percentage Amount
Trading Restrictions Status Number
Domestic
NHU Holding Group Co.Non-state-owned 48.55% 1251903644
Ltd.Legal Person
Hong Kong Securities Overseas Legal
2.94%75876286
Clearing Co. Ltd. Person
Shanghai Chongyang
Strategic Investment Co. Ltd.Others 1.75% 45060167
- Chongyang Strategic Huizhi
Fund
National Social Security Fund
Others 1.01% 26086092
112
National Social Security Fund
Others 0.95% 24500000
503
Overseas Legal
Kuwait Investment Authority 0.59% 15318702
Person
Shanghai Chongyang
Strategic Investment Co. Ltd.Others 0.51% 13164209
- Chongyang Strategic Qizhou
Fund
Domestic Natural
Hu Baishan 0.47% 12163274 9122455
Person
Beijing Yuanfeng Private
Equity Fund Management
Partnership (Limited
Others 0.46% 11977187
Partnership) - Yuanfeng Value
Private Equity Investment
Fund
Domestic
Chongyang Group Co. Ltd. Non-state-owned 0.45% 11635159
Legal Person
Shareholding List of Top 10 Shareholders without Trading Restrictions
Shareholding Amount without Trading Type of Shares
Shareholder Name
Restrictions Type Amount
NHU Holding Group Co. Ltd. 1251903644 RMB common stock 1251903644
Hong Kong Securities Clearing Co. Ltd. 75876286 RMB common stock 75876286
Shanghai Chongyang Strategic Investment
Co. Ltd. - Chongyang Strategic Huizhi 45060167 RMB common stock 45060167
Fund
National Social Security Fund 112 26086092 RMB common stock 26086092
6Securities Code:002001 Securities Abbr:NHU
National Social Security Fund 503 24500000 RMB common stock 24500000
Kuwait Investment Authority 15318702 RMB common stock 15318702
Shanghai Chongyang Strategic Investment
Co. Ltd. - Chongyang Strategic Qizhou 13164209 RMB common stock 13164209
Fund
Beijing Yuanfeng Private Equity Fund
Management Partnership (Limited
11977187 RMB common stock 11977187
Partnership) - Yuanfeng Value Private
Equity Investment Fund
Chongyang Group Co. Ltd. 11635159 RMB common stock 11635159
Zhejiang NHU Co. Ltd.- the Third
10131522 RMB common stock 10131522
Employee Stock Ownership Plan
Among the above shareholders Hu Baishan is a director of NHU Holding Group Co.Explanation of the Association Relationship
Ltd.. The Company is unaware whether there is any related relationships among other
or Concerted Action of Above-mentioned
shareholders and whether they are persons acting in concert as stipulated in the
Shareholders
“Administrative Measures for the Acquisition of Listed Companies”.Shanghai Chongyang Strategic Investment Co. Ltd. - Chongyang Strategic Huizhi
Fund holds 45060106 shares through the customer credit transaction guarantee
securities account of Guotai Junan Securities Co. Ltd.; Shanghai Chongyang Strategic
Investment Co. Ltd. - Chongyang Strategic Qizhou Fund holds 13164133 shares
Explanation of Top 10 Shareholders’ through the customer credit transaction guarantee securities account of Guojin
Participation in Securities Margin Trading Securities Co. Ltd.;Beijing Yuanfeng Private Equity Fund Management Partnership
(If Any) (Limited Partnership) - Yuanfeng Value Private Equity Investment Fund holds
5988587 shares through the customer credit transaction guarantee securities account of
Huatai Securities Co. Ltd.; Chongyang Group Co. Ltd. holds 11634955 shares
through the customer credit transaction guarantee securities account of China
Merchants Securities Co. Ltd..Notes: Zhejiang NHU Co. Ltd. Repurchase Securities Account is among top 10 shareholders without trading restrictions at the end of
the reporting period but do not participate in the listing of the top 10 shareholders of the company.II Total Number of Preferred Shareholders Shareholding List of Top 10 Preferred Shareholders
□Applicable √Not applicable
7Securities Code:002001 Securities Abbr:NHU
Section III Other Significant Events
√Applicable □Not applicable
Ⅰ Progress of the Share Repurchase Plan
th thAt the 7 Meeting of the 8 Board of Directors held on August 18 2021 Zhejiang NHU Co. Ltd .(hereinafter referred to as “thecompany”) deliberated and adopted The Proposal on Share Repurchase Plan of the Company agreed that the company would use its
own funds to repurchase part of the public shares of the company in the form of centralized bidding transaction. And the shares
repurchased would be used for implementing equity incentive plan or employee stock ownership plan. The total amount of
repurchase would be RMB300-600mn and the repurchase price would be no more than RMB41/share. The specific amount of shares
repurchased and its proportion in the total share capital shall be subject to the actual amount of shares repurchased at the expiration of
the repurchase period. The implementation period of the share repurchase plan shall not exceed 12 months from the date when the
board of directors of the company deliberates and adopts The Proposal on Share Repurchase Plan of the Company. By September 30
2021 the company has repurchased 10988369 shares in the form of centralized bidding trading through Zhejiang NHU Co. Ltd.
Repurchase Securities Account accounting for 0.4262% of the company's total share capital. The maximum transaction price is RMB
30.03/ share the minimum transaction price is RMB 26.15/ share and the cumulative transaction amount is RMB 320335151.32
(excluding transaction costs). The share repurchase plan complies with the requirements of relevant laws and regulations and the
company's established repurchase plan. For more details please refer to The Announcement on the Progress of Share Repurchase of
the Company (2021-031) published on http://www.cninfo.com.cn
II Progress of Investment Project with Raised Funds
With the approval of [2017] No. 1684 document of China Securities Regulatory Commission the company's lead underwriter CSC
Securities Co. Ltd. privately issued 175 million common shares (A shares) to specific objects at an issue price of RMB 28.00/share
raising a total of RMB 4900 million. After deducting the underwriting and recommendation fees of RMB 30 million yuan (including
tax) the raised funds amounted to RMB 4870 million which was remitted to the raised funds supervision account of the company
by the lead underwriter CSC Securities Co. Ltd. on December 7 2017. In addition after deducting lawyer fees audit fees capital
verification fees and other issuance expenses of RMB 4.62 million (excluding tax) and considering the deductible VAT input tax of
RMB 1.70 million of underwriting fees and recommendation fees deducted by the lead underwriter the net amount of funds raised
was RMB 4867.08 million. The availability of the above raised funds has been verified by Tianjian Certified Public Accountants
(special general partnership) who issued the capital verification report ([2017] No. 503).From January 1 to September 30 2021 the actual use of the raised funds was RMB 202.17 million and the accumulated investment
of the raised funds project was RMB 1852.40 million. By September 30 2021 the balance of raised funds was RMB
3590.11million.
8Securities Code:002001 Securities Abbr:NHU
Section Ⅳ Financial Statements
Ⅰ Explanation of adjustment of financial statements
1.Consolidated Balance Sheet
Prepared by: Zhejiang NHU Co. Ltd.September 30 2021
Unit: RMB
Item September 30 2021 December 31 2020
Current Assets:
Cash and Bank Balances 6340440223.98 4927657236.24
Deposit Reservation for Balance
Loans to Banks and Other
Financial Institutions
Trading Financial Assets 1257416104.40 852227964.70
Derivative Financial Assets
Notes Receivable 456999661.80 332064366.59
Accounts Receivable 2350185056.20 1930930930.01
Receivables Financing 59908897.23 295393346.17
Prepayments 177160408.09 116063557.59
Premium Receivable
Reinsurance Accounts Receivable
Reinsurance Contract Reserves
Receivable
Other Receivables 177126619.17 178610951.64
Including: Interest Receivable
Dividends Receivable
Buying Back the Sale of Financial
Assets
Inventories 3062556213.00 3117042558.78
Contract Assets
Holding for-sale Assets
Non-current Assets Due within 1
Year
Other Current Assets 468380215.65 1777569473.96
Subtotal of Current Assets 14350173399.52 13527560385.68
Non-current Assets:
Granting of Loans and Advances
Investment in Creditor's Rights
Investment in Other Creditor's
Rights
Long-term Receivables
Long-term Equity Investment 371718824.16 343378891.18
Investment in Other Equity
22998147.5522998147.55
Instruments
Other Non-current Financial
Assets
9Securities Code:002001 Securities Abbr:NHU
Item September 30 2021 December 31 2020
Investment Property
Fixed Assets 14168850627.38 13914151215.54
Construction in Progress 2544735203.45 1325545420.56
Productive Biological Assets
Oil and Gas Assets
Right-of-use Assets 4703662.43
Intangible Assets 1529049971.25 1407067129.87
Development Expenditure
Goodwill
Long-term Deferred Expenses 20260935.60 13369412.48
Deferred Income Tax Assets 56388768.87 65143706.00
Other Non-current Assets 484363057.87 277793490.68
Subtotal of Non-current Assets 19203069198.56 17369447413.86
Total Assets 33553242598.08 30897007799.54
Current Liabilities:
Short-term Borrowings 1878796276.48 2363525192.53
Loan from the Central Bank
Loan from Banks and Other
Financial Institutions
Transactional Financial Liabilities
Derivative Financial Liabilities
Notes Payable 611362478.19 497644517.23
Accounts Payable 1370662402.82 1463728316.04
Received Prepayments
Contract Liabilities 77122452.03 56302537.11
Financial Assets Sold for
Repurchase
Deposit Taking and Interbank
Deposit
Receiving from Vicariously Traded
Securities
Receiving from Vicariously Sold
Securities
Payroll payable 256340698.11 322646061.45
Tax Payable 288065311.71 268864472.38
Other Payables 66963842.09 129839228.89
Including: Interest Payable
Dividends Payable
Service Charge and Commission
Payable
Reinsurance Accounts Payable
Holding for-sale Liabilities
Non-current Liabilities Due within
1629380596.531275888293.32
1 Year
Other Current Liabilities 5754587.37 4956463.49
Subtotal of Current Liabilities 6184448645.33 6383395082.44
Non-current Liabilities:
Insurance Contract Reserves
10Securities Code:002001 Securities Abbr:NHU
Item September 30 2021 December 31 2020
Long-term Borrowings 5378451096.83 4136875354.33
Bonds Payable
Including: Preferred Stocks
Perpetual Bonds
Lease Liabilities 5363434.35
Long-term Payables
Long-term Payroll Payable
Expected Liabilities
Deferred Income 911741268.80 873066181.34
Deferred Income Tax Liabilities 138560546.48 99839731.45
Other Non-current Liabilities
Subtotal of Non-current Liabilities 6434116346.46 5109781267.12
Total Liabilities 12618564991.79 11493176349.56
Shareholders' Equity:
Share Capital 2578394760.00 2148662300.00
Other Equity Instruments
Including: Preferred Stocks
Perpetual Bonds
Capital Reserves 4130790096.84 4560522556.84
Less: Treasury Share 320360784.48
Other Comprehensive Incomes 17394706.91 27803829.31
Special Reserves 12267565.69 9550346.85
Surplus Reserves 1074331150.00 1074331150.00
General Risk Reserves
Undistributed Profits 13377411428.02 11515384739.95
Total Shareholders' Equity Attributable
20870228922.9819336254922.95
to the Parent Company
Minority Shareholders' Equity 64448683.31 67576527.03
Total Shareholders' Equity 20934677606.29 19403831449.98
Total Liabilities and Shareholders'
33553242598.0830897007799.54
Equity
Legal representative: Hu Baifan Chief accountant: Shi Guanqun Accounting officer: Wang Xiaobi
11Securities Code:002001 Securities Abbr:NHU
2.Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1-Q3 2021 Q1-Q3 2020
I. Total Operating Revenue 10516296574.90 7473328667.93
Including: Operating Revenue 10516296574.90 7473328667.93
Interest Income
Earned Premiums
Service Charge and
Commission Income
II. Total Operating Cost 6768859660.10 4192761471.86
Including: Operating Cost 5593507476.30 3105496979.08
Interest Expenditures
Service Charge and
Commission Expenses
Surrender Value
Net Claims Paid
The Net Amount Withdrawn
for Insurance Liability Reserves
Policyholder Dividend
Expense
Reinsurance Cost
Taxes and Surcharges 88269874.64 78651633.12
Sales Expenses 88864094.38 202501589.66
Administration Expenses 291525770.12 285890945.67
Research and Development
520062056.43349125641.83
Expenses
Financial Expenses 186630388.23 171094682.50
Including: Interest
246262466.47168194178.47
Expenses
Interest Income 116114608.98 30876044.12
Add: Other Income 100525022.26 77498524.71
Investment Income (Mark "-"
59117130.8585605026.08
for Loss)
Including: Investment Income
28674263.489221649.84
from Affiliates and Joint Ventures
Profits from Recognition
Termination of Financial Assets at
Amortized Cost
Exchange Gains (Mark "-" for
Losses)
Profit of Net Exposure Hedging
(Mark "-" for Loss)
Incomes from Changes in Fair
33837177.7812991781.93
Value (losses marked with "-")
Credit Impairment Losses
-24034277.06-37826152.74
(Mark "-" for Loss)
Asset Impairment Losses
-10877539.41-3392646.29
(Mark "-" for Loss)
Asset Disposal Income (Mark
282056.793060150.86
"-" for Loss)
12Securities Code:002001 Securities Abbr:NHU
Item Q1-Q3 2021 Q1-Q3 2020
III. Operating Profit (Mark "-" for Loss) 3906286486.01 3418503880.62
Add: Non-operating Revenues 11062337.09 1364340.95
Less: Non-operating Expenses 3786996.91 14494924.83
IV. Total Profit (Mark "-" for Total Loss) 3913561826.19 3405373296.74
Less: Income Tax Expense 533069053.25 460864439.19
V. Net Profit (Mark "-" for Net Loss) 3380492772.94 2944508857.55
(I) Classified by Operation Continuity
1. Net Profit as a Going Concern
3380492772.942944508857.55
(Mark "-" for Net Loss)
2. Net Profit of Discontinued
Operation (Mark "-" for Net Loss)
(II) Classified by the Attribution of
Ownership
1. Net Profit Attributable to the
3366090298.072935522918.78
Parent Company's Owner
2. Minority Shareholders' Profit and
14402474.878985938.77
Loss
VI. Net Amount of Other Comprehensive -9714908.71
-15034580.49
Incomes after Tax
Net Amount of Other Comprehensive
Incomes after Tax Attributable to the -10409122.40 -11027716.49
Parent Company's Owner
(I) Other Comprehensive Income
that cannot be Reclassified as P/L
1. Re-measure the Variation
of the Defined Benefit P lan
2. Other Comprehensive
Income that cannot be Transferred to P/L
under the Equity Method
3. Changes in the Fair Value
of Investment in Other Equity
Instruments
4. Changes in the Fair Value
of the Credit Risk of the Enterprise
5. Others
(II) Other Comprehensive Income
-10409122.40-11027716.49
that will be Reclassified as P/L
1. Other Comprehensive
Income that can be Transferred to P/L
under the Equity Method
2. Changes in the Fair Value
of Investment in Other Creditor's Rights
3. Financial Assets
Reclassified into Other Comprehensive
Income
4. Provisions for the Credit
Impairment of Investment in Other
Creditor's Rights
5. Cash Flow Hedge
Reserves
6. Currency Translation
-10409122.40-11027716.49
Difference
7. Others
13Securities Code:002001 Securities Abbr:NHU
Item Q1-Q3 2021 Q1-Q3 2020
Net Amount of Other Comprehensive
Incomes After Tax Attributable to -4625458.09 1312807.78
Minority Shareholders
VII. Total Comprehensive Income 3365458192.45 2934793948.84
Total Comprehensive Income 2924495202.29
Attributable to the Parent Company's 3355681175.67
Owner
Total Comprehensive Income 10298746.55
9777016.78
Attributable to Minority Shareholders
VIII. Earnings per Share:
(I) Basic Earnings per Share 1.31 1.14
(II) Diluted Earnings per Share 1.31 1.14
In the case of enterprise consolidation under the same control in the current period the net profit realized by the consolidated party
before consolidation was RMB 0.00 and the net profit realized by the consolidated party in the previous period was RMB
-1880134.45.Legal representative: Hu Baifan Chief accountant: Shi Guanqun Accounting officer: Wang Xiaobi
14Securities Code:002001 Securities Abbr:NHU
3.Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2021 Q1~Q3 2020
I. Cash Flow Generated by Operational
Activities:
Cash from Sales of Merchandise
10346764132.297767181131.74
and Provision of Services
Net Increase in Customer's Bank
Deposits and Interbank Deposits
Net Increase in Loan from the
Central Bank
Net Increase in Loan from Other
Financial Institutions
Cash Arising from Receiving
Premiums for the Original Insurance
Contract
Net Amount Arising from
Reinsurance Business
Net Increase in Deposits and
Investments from Policyholders
Cash Arising from Interests
Service Charges and Commissions
Net Increase in Loan from Banks
and Other Financial Institutions
Net Increase in Repurchase
Business Funds
Net Amount of Cash Received
from the Vicariously Traded Securities
Tax Refund 663717474.82 520378134.92
Other Cash Receipts Relating to
262072642.4298073756.23
Operating Activities
Subtotal of Cash Inflow from
11272554249.538385633022.89
Operational Activities
Cash Paid for Merchandise and
5554579782.284254308544.33
Services
Net Increase in Loans and
Advances to Customers
Net Increase in Deposits with
Central Bank and Other Financial
Institutions
Cash Paid for Original Insurance
Contract Claims
Net Increase of Funds Lent
Cash Paid for Interests Service
Charges and Commissions
Cash Paid for Policy Dividends
Cash Paid to and for Employees 1119035556.90 919294780.21
Cash Paid for Taxes and
683137156.56815505846.76
Surcharges
Other Cash Payments Relating to
84977263.27351842665.73
Operating Activities
Subtotal of Cash Outflow from 7441729759.01 6340951837.03
15Securities Code:002001 Securities Abbr:NHU
Item Q1~Q3 2021 Q1~Q3 2020
Operational Activities
Net Cash Flow Generated by Operating
3830824490.522044681185.86
Activities
II. Cash Flow from Investment
Activities:
Cash Arising from Disposal of
2276074.28
Investments
Cash Arising from Investment
41295727.2277229529.45
Incomes
Net Cash Arising from Disposal of
Fixed Assets Intangible Assets and 12356503.13 3645923.49
Other Long-term Assets
Net Cash Arising from Disposal of
Subsidiaries and Other Business Units
Other Cash Receipts Relating to
1800000000.003928094561.00
Investing Activities
Subtotal of Cash Inflow from
1853652230.354011246088.22
Investment Activities
Cash Paid for Purchase and
Construction of Fixed Assets Intangible 2165507011.52 1595414508.77
Assets and Other Long-term Assets
Cash Paid for Investments 20886127.90
Net Increase in Pledge Loans
Net Cash Paid for Acquisition of
83904479.7938433508.94
Subsidiaries and Other Business Units
Other Cash Payments Relating to
1600000000.001904898740.00
Investing Activities
Subtotal of Cash Outflows from
3849411491.313559632885.61
Investment Activities
Net Cash Flow Generated by
-1995759260.96451613202.61
Investment Activities
III. Cash Flow from Financing
Activities:
Cash Arising from Absorbing
Investments
Including: Cash Arising from
Subsidiaries Absorbing Investments by
Minority Shareholders
Cash Arising from Loan 4848268656.73 4181948571.45
Other Cash Receipts Relating to
50000000.00
Financing Activities
Subtotal of Cash Inflow from Financing
4848268656.734231948571.45
Activities
Cash Paid for Borrowings
3411549400.713519896904.97
Repayment
Cash Paid for Distribution of
Dividends and Profits or Payment of 1771907984.48 1251029735.30
Interests
Including: Dividends and Profits
Paid to Minority Shareholders by
Subsidiaries
Other Cash Payments Relating to
7086761.2422646296.92
Financing Activities
Subtotal of Cash Outflow from 5190544146.43 4793572937.19
16Securities Code:002001 Securities Abbr:NHU
Item Q1~Q3 2021 Q1~Q3 2020
Financing Activities
Net Cash Flow Generated by Financing
-342275489.70-561624365.74
Activities
IV. Impact of Fluctuation in Exchange
-41320150.82-7423210.11
Rate on Cash and Cash Equivalents
V. Net Increase in Cash and Cash
1451469589.041927246812.62
Equivalents
Add: Cash and Cash Equivalents at
4669306776.093213557815.42
the Commencement of the Period
VI. Cash and Cash Equivalents at the
6120776365.135140804628.04
End of the Period
17Securities Code:002001 Securities Abbr:NHU
II Explanation of adjustment of financial statements
1.The first implementation of new lease criteria from 2021 to adjust the relevant items of the financial
statements implemented at the beginning of the year for the first time
√ Applicable. □Not applicable
Whether the accounts of the balance sheet at the beginning of the year shall be adjusted
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB
Item December 31 2020 January 1 2021 Adjusted Amount
Current Assets:
Cash and Bank
4927657236.244927657236.24
Balances
Deposit Reservation
for Balance
Loans to Banks and
Other Financial Institutions
Trading Financial
852227964.70852227964.70
Assets
Derivative Financial
Assets
Notes Receivable 332064366.59 332064366.59
Accounts Receivable 1930930930.01 1930930930.01
Receivables
295393346.17295393346.17
Financing
Prepayments 116063557.59 116063557.59
Premium Receivable
Reinsurance Accounts
Receivable
Reinsurance Contract
Reserves Receivable
Other Receivables 178610951.64 178610951.64
Including: Interest
Receivable
Dividends
Receivable
Buying Back the Sale
of Financial Assets
Inventories 3117042558.78 3117042558.78
Contract Assets
Holding for-sale
Assets
Non-current Assets
Due within 1 Year
Other Current Assets 1777569473.96 1777569473.96
Subtotal of Current Assets 13527560385.68 13527560385.68
Non-current Assets:
Granting of Loans and
Advances
Investment in
Creditor's Rights
18Securities Code:002001 Securities Abbr:NHU
Item December 31 2020 January 1 2021 Adjusted Amount
Investment in Other
Creditor's Rights
Long-term
Receivables
Long-term Equity
343378891.18343378891.18
Investment
Investment in Other
22998147.5522998147.55
Equity Instruments
Other Non-current
Financial Assets
Investment Property
Fixed Assets 13914151215.54 13914151215.54
Construction in
1325545420.561325545420.56
Progress
Productive Biological
Assets
Oil and Gas Assets
Right-of-use Assets 3604870.23 3604870.23
Intangible Assets 1407067129.87 1407067129.87
Development
Expenditure
Goodwill
Long-term Deferred
13369412.4813369412.48
Expenses
Deferred Income Tax
65143706.0065143706.00
Assets
Other Non-current
277793490.68277793490.68
Assets
Subtotal of Non-current
17369447413.8617373052284.093604870.23
Assets
Total Assets 30897007799.54 30900612669.77 3604870.23
Current Liabilities:
Short-term
2363525192.532363525192.53
Borrowings
Loan from the Central
Bank
Loan from Banks and
Other Financial Institutions
Transactional
Financial Liabilities
Derivative Financial
Liabilities
Notes Payable 497644517.23 497644517.23
Accounts Payable 1463728316.04 1463728316.04
Received
Prepayments
Contract Liabilities 56302537.11 56302537.11
Financial Assets Sold
for Repurchase
Deposit Taking and
Interbank Deposit
Receiving from
19Securities Code:002001 Securities Abbr:NHU
Item December 31 2020 January 1 2021 Adjusted Amount
Vicariously Traded
Securities
Receiving from
Vicariously Sold Securities
Payroll payable 322646061.45 322646061.45
Tax Payable 268864472.38 268864472.38
Other Payables 129839228.89 129839228.89
Including: Interest
Payable
Dividends
Payable
Service Charge and
Commission Payable
Reinsurance Accounts
Payable
Holding for-sale
Liabilities
Non-current
Liabilities Due within 1 1275888293.32 1275888293.32
Year
Other Current
4956463.494956463.49
Liabilities
Subtotal of Current
6383395082.446383395082.44
Liabilities
Non-current Liabilities:
Insurance Contract
Reserves
Long-term
4136875354.334136875354.33
Borrowings
Bonds Payable
Including:
Preferred Stocks
Perpetual
Bonds
Lease Liabilities 3604870.23 3604870.23
Long-term Payables
Long-term Payroll
Payable
Expected Liabilities
Deferred Income 873066181.34 873066181.34
Deferred Income Tax
99839731.4599839731.45
Liabilities
Other Non-current
Liabilities
Subtotal of Non-current
5109781267.125113386137.353604870.23
Liabilities
Total Liabilities 11493176349.56 11496781219.79 3604870.23
Shareholders' Equity:
Share Capital 2148662300.00 2148662300.00
Other Equity
Instruments
Including:
20Securities Code:002001 Securities Abbr:NHU
Item December 31 2020 January 1 2021 Adjusted Amount
Preferred Stocks
Perpetual
Bonds
Capital Reserves 4560522556.84 4560522556.84
Less: Treasury Share
Other Comprehensive
27803829.3127803829.31
Incomes
Special Reserves 9550346.85 9550346.85
Surplus Reserves 1074331150.00 1074331150.00
General Risk
Reserves
Undistributed Profits 11515384739.95 11515384739.95
Total Shareholders' Equity
Attributable to the Parent 19336254922.95 19336254922.95
Company
Minority
67576527.0367576527.03
Shareholders' Equity
Total Shareholders' Equity 19403831449.98 19403831449.98
Total Liabilities and
30897007799.5430900612669.773604870.23
Shareholders' Equity
Explanation of Adjustment:
According to Accounting Standards for Enterprises No.21 – Lease (CaiKuai [2018] No.35) issued by the Ministry of
Finance in 2018 the Company has implemented the new lease criteria and made adjustment to the relevant items in the
financial statements as of January 1 2021.
2. Explanation of data comparison for early stage of retroactive adjustment due to first implementation of
the new lease criteria from 2021
□ Applicable √ Not applicable
III Independent Auditor’s Report
Whether the financial statements above have been audited by an independent auditor.□Yes √ No
These financial statements have not been audited by such an auditor.Board of Directors of Zhejiang NHU Company Ltd
October 292021
21