2023 Third Quarterly Report
-
Date: 2023.10.27
MING YANG SMART ENERGYGROUP LIMITED
(GDR under the symbol: "MYSE")
(a joint stock company established under the lawsof the People's Republic of China with limited liability)
2023 Third Quarterly Report
IMPORTANT NOTICE
TheBoard of Directors, the Supervisory Committee and the Directors, Supervisorsand senior management of the Company warrant that the information containedherein is true, accurate and complete and that there are no falserepresentations, misleading statements contained in or material omissions fromthis quarterly report, for which they jointly and severally accept legalresponsibility.
Theperson in charge of the Company, the person in charge of accounting, and thehead of the accounting firm (accounting chief) warrant that the financialinformation contained herein is true, accurate and complete.
Whether the third quarterlyfinancial statements were audited：□Yes √No
I. PRINCIPAL FINANCIALINFORMATION
(1) PrincipalAccounting Information and Financial Indicators
Unit: Yuan Currency:RMB
|
Items |
This reporting period |
Increase/decrease from this reporting period compared with the same period of last year (%) |
From the beginning of the year to the end of the Reporting Period |
Increase/ (decrease) from corresponding period of last year (%) |
|
Operating income |
10,398,611,805.11 |
40.04 |
20,957,817,340.32 |
-3.26 |
|
Net profit attributable to shareholders of the listed company |
573,680,529.77 |
-48.65 |
1,227,801,867.37 |
-65.56 |
|
Net profit attributable to shareholders of the listed company after deducting extraordinary profit and loss |
538,222,032.16 |
-45.68 |
1,075,426,041.29 |
-67.33 |
|
Net cash flows from operating activities |
1,019,248,155.40 |
N/A |
-2,319,208,958.69 |
N/A |
|
Basic earnings per share (RMB/share) |
0.26 |
-36.59 |
0.55 |
-65.41 |
|
Diluted earnings per share (RMB/share) |
0.26 |
-36.59 |
0.55 |
-65.19 |
|
Weighted average return on net assets (%) |
1.97 |
Decreased by 1.38 percentage points |
4.27 |
Decreased by 10.48 percentage points |
|
|
As at the end of the Reporting Period |
As at the end of last year |
Increase/(decrease) from the end of last year (%) |
|
|
Total assets |
80,944,154,047.39 |
68,940,224,911.06 |
17.41 |
|
|
Total equity attributable to shareholders of the Company |
28,549,795,921.12 |
28,113,710,200.58 |
1.55 |
|
Note: “During the Reporting Period” meansthree months from the beginning to the end of this quarter, the same as below.
(2) Extraordinary gain and loss items
Unit:Yuan Currency: RMB
|
Items |
Amount during the Reporting Period |
Amount from the beginning of the year to the end of the Reporting Period |
Description |
|
Profit or loss on disposal of non-current assets |
-171,787.58 |
-4,453,765.92 |
|
|
Tax rebate and exemption that is approved beyond authority, or incurred without formal approval, or incurred on an occasional basis |
- |
|
|
|
Government grants (except for the grants which are closely related to the Company’s normal business, are in compliance with the provisions of China and have the standard amount or quantities in accordance with certain standard) included in current profits and losses |
10,154,330.67 |
32,133,325.48 |
|
|
Capital occupation fee received from non-financial enterprises and included in current profit or loss |
- |
|
|
|
Gain arising from the investment cost for the enterprise acquiring the subsidiaries, associates and joint ventures being less than the fair value of the identifiable net assets of the investee at the time of acquisition of the investment |
- |
|
|
|
Gain or loss from exchange of non-monetary assets |
- |
|
|
|
Profit or loss from entrusted investment or asset management |
52,391,395.74 |
147,057,861.05 |
|
|
Provision for impairment of assets due to force majeure factors such as natural disasters |
- |
|
|
|
Gain or loss from debt restructuring |
- |
|
|
|
Corporate restructuring costs such as employee placement expenses and integration costs |
- |
|
|
|
Gain or loss from the excess over the fair value in a transaction at obviously unfair price |
- |
|
|
|
Net profit or loss of subsidiaries for the period from the beginning of the period to the date of combination arising from business combination under common control |
- |
|
|
|
Profit or loss arising from contingent events unrelated to the normal operations of the Company |
- |
|
|
|
Except for the effective hedging activities related to the Company’s normal operations, profit or loss arising from changes in fair value of financial assets held for trading, derivative financial assets, financial liabilities held for trading and derivative financial liabilities, and investment income from disposal of financial assets held for trading, derivative financial assets, financial liabilities held for trading, derivative financial liabilities and other debt investments |
-17,153,588.02 |
-52,582,935.39 |
|
|
Reversal of provision for impairment of receivables and contract assets individually tested for impairment |
119,510.81 |
18,476,379.36 |
|
|
Profit or loss from entrusted loans |
- |
|
|
|
Gains or losses arising from changes in fair value of investment properties subsequently measured at fair value |
- |
|
|
|
Effects of one-off adjustment to current profit or loss in accordance with the requirements of taxation, accounting and other laws and regulations on current profit or loss |
- |
|
|
|
Custody fee income from entrusted operations |
- |
|
|
|
Other non-operating income and expenses other than the above |
-4,475,904.06 |
37,763,124.49 |
|
|
Other profit or loss items that meet the definition of extraordinary profit or loss |
523,157.06 |
177,962.06 |
|
|
Less: Amount of effects of income tax |
-5,629,739.50 |
-26,034,648.16 |
|
|
Amount of effects of minority interests (after tax) |
-298,877.51 |
-161,476.89 |
|
|
Total |
35,458,497.61 |
152,375,826.08 |
|
Statementson defining extraordinary items under “Explanatory Announcement on InformationDisclosure for Companies Offering Their Securities to the Public No.1 －Extraordinary Profit and Loss” as recurrent items
(3)Significant changes of key accounting items and financial indicators and thereasons for the changes
√Applicable □Not applicable
|
Items |
Change (%) |
Main reasons for change |
|
Net profit attributable to shareholders of the listed company _ from the beginning of the year to the end of the Reporting Period |
-65.56 |
Mainly due to the decrease of the price of wind turbines and the decrease of the delivery scale of offshore wind turbines |
|
Net profit attributable to shareholders of the listed company after deducting extraordinary profit and loss _ from the beginning of the year to the end of the Reporting Period |
-67.33 |
Same as above |
|
Basic earnings per share _ from the beginning of the year to the end of the Reporting Period |
-65.41 |
Mainly due to the decrease of the net profit attributable to shareholders of the listed company during the period |
|
Diluted earnings per share _ from the beginning of the year to the end of the Reporting Period |
-65.19 |
Same as above |
|
Operating income _ for the Reporting Period |
40.04 |
Due to the increase of the sales scale of wind turbines and power station products |
|
Net profit attributable to shareholders of the listed company _ for the Reporting Period |
-48.65 |
Mainly due to the year-on-year decrease of exchange gains as a result of exchange rate fluctuations, as well as the year-on-year decrease of investment income generated from disposal of long-term equity investments |
|
Net profit attributable to shareholders of the listed company after deducting extraordinary profit and loss _ for the Reporting Period |
-45.68 |
Same as above |
|
Basic earnings per share_ for the Reporting Period |
-36.59 |
Mainly due to the decrease of the net profit attributable to shareholders of the listed company during the period |
|
Diluted earnings per share _ for the Reporting Period |
-36.59 |
Same as above |
II. INFORMATION ON SHAREHOLDERS
(1) Total number of ordinary shareholders, totalnumber of holders of preference shares with voting rights restored andshareholdings of the top 10 shareholders
Unit:share
|
Total number of ordinary shareholders as at the end of the Reporting Period |
145,734 |
Total number of preference shareholders whose voting rights were restored as at the end of the Reporting Period (if any) |
N/A |
|||
|
Shareholdings of the top ten shareholders |
||||||
|
Name of shareholder |
Type of shareholder |
Number of shares held |
Percentage of shares held (%) |
Number of shares held subject to restrictions on sale |
Shares pledged, marked or frozen |
|
|
Status of shares |
Number |
|||||
|
Hong Kong Securities Clearing Company Limited |
Others |
255,848,983 |
11.26 |
|
N/A |
|
|
WISER TYSON INVESTMENT CORP LIMITED |
Overseas legal person |
157,062,475 |
6.91 |
|
N/A |
|
|
Mingyang New Energy Investment Holding Group Co., Ltd. |
Domestic non-state-owned legal person |
135,051,612 |
5.94 |
|
Pledged |
119,666,667 |
|
FIRST BASE INVESTMENTS LIMITED |
Overseas legal person |
119,470,011 |
5.26 |
|
Pledged |
94,532,600 |
|
Mingyang New Energy Investment Holding Group Co., Ltd. － special account for pledge of convertible corporate bonds non-publicly issued to professional investors in 2023 (first tranche) |
Domestic non-state-owned legal person |
65,000,000 |
2.86 |
|
N/A |
0 |
|
Citibank, National Association |
Others |
48,865,330 |
2.15 |
|
N/A |
0 |
|
KEYCORP LIMITED |
Overseas legal person |
44,683,336 |
1.97 |
|
Pledged |
24,000,000 |
|
National Social Security Fund - Portfolio 102 |
Others |
44,461,538 |
1.96 |
|
N/A |
0 |
|
Xiamen Bohui Yuncheng Investment Partnership (Limited Partnership) |
Domestic non-state-owned legal person |
36,647,003 |
1.61 |
|
Pledged |
4,400,000 |
|
China Pacific Life Insurance Co., Ltd － Dividend － Personal Dividend |
Others |
25,073,807 |
1.10 |
|
N/A |
0 |
|
Shareholdings of the top ten shareholders of shares not subject to lock-up |
||||||
|
Name of shareholder |
Number of unrestricted outstanding shares |
Class and number of shares |
||||
|
Class |
Number |
|||||
|
Hong Kong Securities Clearing Company Limited |
255,848,983 |
RMB ordinary share |
255,848,983 |
|||
|
WISER TYSON INVESTMENT CORP LIMITED |
157,062,475 |
RMB ordinary share |
157,062,475 |
|||
|
Mingyang New Energy Investment Holding Group Co., Ltd. |
135,051,612 |
RMB ordinary share |
135,051,612 |
|||
|
FIRST BASE INVESTMENTS LIMITED |
119,470,011 |
RMB ordinary share |
119,470,011 |
|||
|
Mingyang New Energy Investment Holding Group Co., Ltd. － special account for pledge of convertible corporate bonds non-publicly issued to professional investors in 2023 (first tranche) |
65,000,000 |
RMB ordinary share |
65,000,000 |
|||
|
Citibank, National Association |
48,865,330 |
RMB ordinary share |
48,865,330 |
|||
|
KEYCORP LIMITED |
44,683,336 |
RMB ordinary share |
44,683,336 |
|||
|
National Social Security Fund - Portfolio 102 |
44,461,538 |
RMB ordinary share |
44,461,538 |
|||
|
Xiamen Bohui Yuncheng Investment Partnership (Limited Partnership) |
36,647,003 |
RMB ordinary share |
36,647,003 |
|||
|
China Pacific Life Insurance Co., Ltd － Dividend － Personal Dividend |
25,073,807 |
RMB ordinary share |
25,073,807 |
|||
|
Description of connected relationship or concerted action among the above shareholders |
Among the above shareholders, Wiser Tyson Investment Corp Limited, First Base Investments Limited, Keycorp Limited, Xiamen Bohui Yuncheng Investment Partnership (Limited Partnership) and Mingyang New Energy Investment Holding Group Co., Ltd. were under common control by the actual controllers of the Company, namely Zhang Chuanwei, Wu Ling and Zhang Rui, and were therefore related parties of each other. Mingyang New Energy Investment Holding Group Co., Ltd. – special account for pledge of convertible corporate bonds non-publicly issued to professional investors in 2023 (first tranche) is the special account for pledge of convertible bonds issued by controlling shareholder, Mingyang New Energy Investment Holding Group Co., Ltd.. |
|||||
|
Description of the top ten shareholders and top ten shareholders not subject to trading moratorium involved in margin financing and securities lending business and refinancing business (if any) |
As at the end of the Reporting Period, the number of shares of the Company held through credit securities accounts by the top ten shareholders and by the top ten shareholders not subject to trading moratorium are both 0. Save as the shareholders above, the Company is not aware of other shareholders involved in margin financing and securities lending business and refinancing business |
|||||
Note: Within the unpledged shares of Mingyang NewEnergy Investment Holding Group Co., Ltd., 2,500,000 shares are frozen shares.
III. OTHER REMINDERS
Other importantinformation that needs to be brought to the attention of investors regardingthe Company’s operations during the Reporting Period
MACROBUTTON AcceptAllChangesInDocAndStopTracking √ Applicable MACROBUTTON AcceptAllChangesInDocAndStopTracking □ Not applicable
TheCompany convened the 40th meeting of the second session of the Board and the35th meeting of the second session of the Supervisory Committee on 18 July2023, and convened the 2023 third extraordinary general meeting on 26 September2023, respectively, at which the Proposal on Changes of Partial InvestmentProjects of Proceeds (《关于变更部分募集资金投资项目的议案》) was considered and approved, agreeing tochange the proceeds of RMB371.2522 million originally planned to be invested inthe Construction Project of Hybrid Tower Production Base of the 2020 non-publicoffering shares proceeds project to be used for the investment and constructionof the 100MW wind power project of Mingyang Huangchuan in Xinyang Huangming NewEnergy Co., Ltd. The proportion of the amount involving the change in the useof proceeds to the net proceeds from the 2020 non-public offering was 6.43%. Asof the Reporting Period, the Company has opened a special account for theproceeds and signed a supervision agreement for the 100MW wind power project ofMingyang Huangchuan in Xinyang Huangming New Energy Co., Ltd.
IV. QUARTERLY FINANCIAL STATEMENTS
MACROBUTTON AcceptAllChangesInDocAndStopTracking □ Applicable MACROBUTTON AcceptAllChangesInDocAndStopTracking √ Not applicable
(II)Financial Statements
ConsolidatedBalance Sheet
Asat 30 September 2023
Prepared by:Ming Yang Smart Energy Group Limited
Unit: Yuan Currency: RMB Audit status: Unaudited
|
30 September 2023 |
31 December 2022 |
|
|
Current assets: |
||
|
Cash and cash equivalents |
10,274,696,396.52 |
11,157,064,897.68 |
|
Settlement provisions |
|
|
|
Loans to banks and other financial institutions |
|
|
|
Financial assets held for trading |
50,127,083.33 |
200,182,291.67 |
|
Derivative financial assets |
|
|
|
Notes receivable |
22,898,370.84 |
|
|
Accounts receivable |
15,115,071,189.49 |
10,773,783,527.49 |
|
Financing receivables |
1,188,438,826.43 |
1,175,566,142.98 |
|
Prepayments |
1,196,348,642.36 |
843,632,141.93 |
|
Insurance premium receivables |
|
|
|
Due from reinsurers |
|
|
|
Reinsurance contract reserve receivables |
|
|
|
Other receivables |
910,320,027.67 |
784,096,171.43 |
|
Including: Interest receivable |
|
|
|
Dividends receivable |
110,723,756.63 |
6,143,756.63 |
|
Financial assets purchased under agreements to resell |
|
|
|
Inventories |
12,608,524,234.66 |
8,024,077,123.53 |
|
Contract assets |
794,860,353.83 |
652,644,533.38 |
|
Assets held for sale |
|
|
|
Non-current assets due within one year |
1,805,445,430.53 |
630,240,740.00 |
|
Other current assets |
1,820,051,121.58 |
1,222,759,900.67 |
|
Total current assets |
45,786,781,677.24 |
35,464,047,470.76 |
|
Non-current assets: |
||
|
Loans and advances |
|
|
|
Debt investment |
|
|
|
Other debt investments |
|
|
|
Long-term receivables |
|
|
|
Long-term equity investment |
523,147,990.64 |
487,814,402.75 |
|
Other equity instrument investments |
118,987,293.10 |
115,400,720.88 |
|
Other non-current financial assets |
440,689,731.53 |
623,620,627.97 |
|
Investment properties |
|
|
|
Fixed assets |
11,311,333,602.01 |
10,715,292,022.58 |
|
Construction in progress |
7,017,143,320.44 |
5,606,789,873.45 |
|
Productive biological assets |
|
|
|
Oil and gas assets |
|
|
|
Right-of-use assets |
115,229,701.39 |
151,387,882.99 |
|
Intangible assets |
1,619,208,277.00 |
1,585,047,039.31 |
|
Development expenditures |
562,130,790.52 |
258,860,906.13 |
|
Goodwill |
69,299,162.68 |
69,269,162.68 |
|
Long-term deferred expenses |
127,881,582.87 |
152,012,462.64 |
|
Deferred tax assets |
882,654,246.68 |
621,061,546.82 |
|
Other non-current assets |
12,369,666,671.29 |
13,089,620,792.10 |
|
Total non-current assets |
35,157,372,370.15 |
33,476,177,440.30 |
|
Total assets |
80,944,154,047.39 |
68,940,224,911.06 |
|
Current liabilities: |
||
|
Short-term borrowings |
1,308,216,112.93 |
259,513,744.63 |
|
Borrowing from the central bank |
|
|
|
Deposits and balances from banks and other financial institutions |
|
|
|
Financial liabilities held for trading |
|
|
|
Derivative financial liabilities |
|
|
|
Notes payable |
11,142,633,824.88 |
7,568,416,438.14 |
|
Accounts payable |
11,788,403,417.48 |
9,660,320,401.29 |
|
Receipts in advance |
|
|
|
Contract liabilities |
7,964,856,616.10 |
7,565,805,012.30 |
|
Financial assets sold under agreements to buy-back |
|
|
|
Customer deposits and balances from banks and other financial institutions |
|
|
|
Proceeds from trading of securities as broker |
|
|
|
Securities underwriting brokerage deposits |
|
|
|
Employee payroll payable |
259,267,347.65 |
272,274,032.86 |
|
Taxes payable |
209,493,905.92 |
212,025,502.26 |
|
Other payables |
1,793,232,447.57 |
1,531,527,730.36 |
|
Including: Interest payable |
|
|
|
Dividends payable |
2,200,000.00 |
2,200,000.00 |
|
Fees and commission payable |
|
|
|
Reinsurance accounts payable |
|
|
|
Liabilities held for sale |
|
|
|
Non-current liabilities due within one year |
775,743,828.97 |
669,299,149.04 |
|
Other current liabilities |
692,830,946.40 |
617,889,896.94 |
|
Total current liabilities |
35,934,678,447.90 |
28,357,071,907.82 |
|
Non-current liabilities: |
||
|
Insurance contract liabilities |
|
|
|
Long-term borrowings |
8,553,821,656.79 |
5,256,600,986.02 |
|
Bond payables |
1,429,067,871.32 |
1,382,153,025.30 |
|
Including: Preference shares |
|
|
|
Perpetual bonds |
|
|
|
Lease liabilities |
35,007,309.83 |
61,257,922.26 |
|
Long-term payables |
2,747,228,138.41 |
2,392,524,791.65 |
|
Long-term employee payroll payable |
|
|
|
Estimated liabilities |
1,961,019,169.96 |
1,907,130,558.08 |
|
Deferred income |
344,274,675.12 |
327,293,318.62 |
|
Deferred tax liabilities |
1,086,786,297.84 |
890,852,136.82 |
|
Other non-current liabilities |
|
|
|
Total non-current liabilities |
16,157,205,119.27 |
12,217,812,738.75 |
|
Total liabilities |
52,091,883,567.17 |
40,574,884,646.57 |
|
Owners’ equity (or shareholders’ equity): |
||
|
Paid-in capital (or share capital) |
2,271,983,706.00 |
2,272,085,706.00 |
|
Other equity instruments |
|
|
|
Including: Preference shares |
|
|
|
Perpetual bonds |
|
|
|
Capital reserve |
17,012,116,152.64 |
16,966,961,745.66 |
|
Less: Treasury stock |
260,219,412.63 |
90,875,421.69 |
|
Other comprehensive income |
41,881,068.02 |
42,485,633.24 |
|
Special reserve |
53,890,246.19 |
23,532,432.80 |
|
Surplus reserve |
740,435,107.35 |
740,435,107.35 |
|
General risk reserve |
|
|
|
Retained earnings |
8,689,709,053.55 |
8,159,084,997.22 |
|
Total equity (or shareholders’ equity) attributable to owners of the parent |
28,549,795,921.12 |
28,113,710,200.58 |
|
Minority interest |
302,474,559.10 |
251,630,063.91 |
|
Total owners’ equity (or shareholders’ equity) |
28,852,270,480.22 |
28,365,340,264.49 |
|
Total liabilities and owners’ equity (or shareholders’ equity) |
80,944,154,047.39 |
68,940,224,911.06 |
Person-in-charge of the Company: Zhang Chuanwei Person-in-charge of accounting: LiangCaifa Head of accountant firm:Zhang Feng
Consolidated ProfitStatement
Januaryto September 2023
Prepared by: MingYang Smart Energy Group Limited
Unit: Yuan Currency: RMB Audit status: Unaudited
|
Item |
First three quarters of 2023 (January to September) |
First three quarters of 2022(January to September) |
|
I. Total revenue |
20,957,817,340.32 |
21,663,546,142.08 |
|
Including: Operating revenue |
20,957,817,340.32 |
21,663,546,142.08 |
|
Interest income |
|
|
|
Earned premiums |
|
|
|
Fee and commission revenue |
|
|
|
II. Total operating cost |
19,999,210,527.81 |
18,971,958,066.52 |
|
Including: Operating cost |
17,649,716,663.19 |
16,635,165,146.43 |
|
Interest expenses |
|
|
|
Fee and commission expenses |
|
|
|
Surrenders |
|
|
|
Net payments for insurance claims |
|
|
|
Net provision of insurance reserve |
|
|
|
Policyholder dividends |
|
|
|
Reinsurance expenses |
|
|
|
Taxes and surcharges |
80,597,042.38 |
91,254,266.98 |
|
Selling expenses |
873,432,580.32 |
965,302,919.03 |
|
Administrative expenses |
650,286,307.77 |
559,834,398.51 |
|
R&D expenses |
727,222,738.83 |
848,327,448.89 |
|
Financial expenses |
17,955,195.32 |
-127,926,113.32 |
|
Including: Interest expense |
254,082,041.07 |
228,014,607.53 |
|
Interest income |
167,107,338.02 |
130,421,309.43 |
|
Add: Other income |
142,178,065.88 |
288,276,007.79 |
|
Investment income (“-” means loss) |
503,468,265.78 |
1,076,213,883.08 |
|
Including: Income from investments in associates and joint ventures |
16,120,651.71 |
43,659,210.60 |
|
Income from derecognition of financial assets measured at amortised cost |
|
|
|
Exchange gains (“-” means loss) |
|
|
|
Net exposure hedging gains (“-” means loss) |
|
|
|
Gains on changes in fair value (“-” means loss) |
-52,582,935.39 |
64,089,383.99 |
|
Credit impairment losses (“-” means loss) |
-179,531,954.85 |
-168,177,894.90 |
|
Asset impairment losses (“-” means loss) |
-14,799,262.99 |
-3,795,142.81 |
|
Gains from disposal of assets (“-” means loss) |
4,922,275.45 |
593,782.60 |
|
III. Operating profit (“-” means loss) |
1,362,261,266.39 |
3,948,788,095.31 |
|
Add: Non-operating income |
51,943,595.23 |
24,383,391.83 |
|
Less: Non-operating expenses |
23,556,511.86 |
19,964,568.51 |
|
IV. Total profits (“-” means total losses) |
1,390,648,349.76 |
3,953,206,918.63 |
|
Less: Income tax expense |
115,622,184.02 |
398,348,186.56 |
|
V. Net profit (“-” means net loss) |
1,265,026,165.74 |
3,554,858,732.07 |
|
(I) Classification by operation continuity |
||
|
1. Net profit from continuing operations (“-” means net loss) |
1,265,026,165.74 |
3,554,858,732.07 |
|
2. Net profit from discontinuing operations (“-” means net loss) |
|
|
|
(II) Classification by ownership |
||
|
1. Net profit attributable to owners of the parent (“-” means net loss) |
1,227,801,867.37 |
3,564,979,479.13 |
|
2. Minority profit or loss (“-” means net loss) |
37,224,298.37 |
-10,120,747.06 |
|
VI. Other comprehensive income net of tax |
-664,368.28 |
-149,789,149.61 |
|
(I) Other comprehensive income attributable to owners of the parent, net of tax |
-604,565.22 |
-149,175,688.97 |
|
1. Other comprehensive income that cannot be reclassified into profit or loss |
2,994,527.03 |
4,196,467.47 |
|
(1) Changes arising from the re-measurement 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 other equity instrument investments |
2,994,527.03 |
4,196,467.47 |
|
(4) Change in fair value of the enterprise’s own credit risk |
|
|
|
2. Other comprehensive income that will be reclassified into profit or loss |
-3,599,092.25 |
-153,372,156.44 |
|
(1) Other comprehensive income that can be transferred to profit or loss under the equity method |
|
|
|
(2) Changes in fair value of other debt investments |
|
|
|
(3) Amount of financial assets reclassified into other comprehensive income |
|
|
|
(4) Provision for credit impairment of other debt investments |
|
|
|
(5) Cash flow hedging reserves |
|
|
|
(6) Exchange differences on translation of foreign currency financial statements |
-3,599,092.25 |
-153,372,156.44 |
|
(7) Others |
|
|
|
(II) Other comprehensive income attributable to minority shareholders, net of tax |
-59,803.06 |
-613,460.64 |
|
VII. Total comprehensive income |
1,264,361,797.46 |
3,405,069,582.46 |
|
(I) Total comprehensive income attributable to owners of the parent |
1,227,197,302.15 |
3,415,803,790.16 |
|
(II) Total comprehensive income attributable to minority interest |
37,164,495.31 |
-10,734,207.70 |
|
VIII. Earnings per share: |
||
|
(I) Basic earnings per share (RMB/Share) |
0.55 |
1.59 |
|
(II) Diluted earnings per share (RMB/Share) |
0.55 |
1.58 |
For business combinations under common control that occurred during theperiod, the net profit realised by the combined party prior to the combinationis RMB0, while net profit realised by the combined party during the previousperiod is RMB0.
Person-in-charge of the Company: ZhangChuanwei Person-in-charge ofaccounting: Liang Caifa Head ofaccountant firm: Zhang Feng
Consolidated CashFlow Statement
Januaryto September 2023
Prepared by: Ming Yang Smart Energy GroupLimited
Unit: Yuan Currency: RMB Audit status: Unaudited
|
Item |
First three quarters of 2023 (January to September) |
First three quarters of 2022 (January to September) |
|
I. Cash flow from operating activities: |
||
|
Cash received from sales of goods and rendering of services |
16,336,690,290.12 |
13,373,600,067.26 |
|
Net increase in customer deposits and placements from banks and other financial institutions |
|
|
|
Net increase in loans from the central bank |
|
|
|
Net increase in funds borrowed from other financial institutions |
|
|
|
Cash received from premiums under original insurance contracts |
|
|
|
Net cash received from re-insurance business |
|
|
|
Net increase in deposits and investment from the insured |
|
|
|
Cash received from interest, fees and commission |
|
|
|
Net increase in placements from banks and other financial institutions |
|
|
|
Net increase in repurchase business funds |
|
|
|
Net cash received from securities trading brokerage business |
|
|
|
Tax refunds received |
152,351,047.06 |
371,421,506.81 |
|
Other cash received in connection with operating activities |
911,002,094.64 |
691,165,340.38 |
|
Sub-total of cash inflows from operating activities |
17,400,043,431.82 |
14,436,186,914.45 |
|
Cash paid for purchase of goods and services |
16,217,079,562.76 |
15,421,671,219.77 |
|
Net increase in loans and advances to customers |
|
|
|
Net increase in deposits with central banks and other financial institutions |
|
|
|
Cash paid for claims under original insurance contract |
|
|
|
Net increase in placements with banks and other financial institutions |
|
|
|
Cash paid for interest, fees and commission |
|
|
|
Cash paid for policy dividend |
|
|
|
Cash paid to and on behalf of employees |
1,518,928,673.75 |
1,294,485,315.88 |
|
Tax payments |
781,288,889.63 |
1,423,872,743.03 |
|
Other cash paid in connection with operating activities |
1,201,955,264.37 |
1,515,618,754.24 |
|
Sub-total of cash outflows from operating activities |
19,719,252,390.51 |
19,655,648,032.92 |
|
Net cash flow from operating activities |
-2,319,208,958.69 |
-5,219,461,118.47 |
|
II. Cash flow from investing activities: |
||
|
Cash received from disposal of investments |
829,717,827.60 |
3,324,708,055.52 |
|
Cash received from investment income |
15,349,427.43 |
36,357,913.58 |
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets |
950,925.75 |
354,444.50 |
|
Net cash received from disposal of subsidiaries and other business units |
606,958,905.78 |
1,160,059,601.78 |
|
Other cash received in connection with investing activities |
100,537,042.01 |
4,163,288,248.98 |
|
Sub-total of cash inflows from investing activities |
1,553,514,128.57 |
8,684,768,264.36 |
|
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets |
6,331,558,726.44 |
6,043,023,153.16 |
|
Cash paid for investments |
300,582,115.33 |
6,378,724,616.77 |
|
Net increase in pledged loans |
|
|
|
Net cash paid for acquisition of subsidiaries and other business units |
|
|
|
Other cash paid in connection with investing activities |
33,728,000.00 |
|
|
Sub-total of cash outflows from investing activities |
6,665,868,841.77 |
12,421,747,769.93 |
|
Net cash flows from investing activities |
-5,112,354,713.20 |
-3,736,979,505.57 |
|
III. Cash flow from financing activities: |
||
|
Cash received from investments |
52,670,000.00 |
6,679,401,501.28 |
|
Including: Cash receipts from investments in subsidiaries by minority shareholders |
52,670,000.00 |
|
|
Cash received from borrowings |
7,636,154,201.53 |
4,814,108,683.00 |
|
Other cash received in connection with financing activities |
688,222,801.39 |
4,421,780.67 |
|
Sub-total of cash inflows from financing activities |
8,377,047,002.92 |
11,497,931,964.95 |
|
Cash repayment of debts |
574,602,466.53 |
2,692,784,212.43 |
|
Cash paid for distribution of dividends, profits or interest expenses |
806,361,836.01 |
557,766,944.77 |
|
Including: Dividends and profits paid by subsidiaries to minority shareholders |
|
|
|
Other cash paid in connection with financing activities |
381,795,295.11 |
882,314,335.41 |
|
Sub-total of cash outflows from financing activities |
1,762,759,597.65 |
4,132,865,492.61 |
|
Net cash flows from financing activities |
6,614,287,405.27 |
7,365,066,472.34 |
|
IV. Effects of exchange rate changes on cash and cash equivalents |
104,204,680.75 |
385,903,277.35 |
|
V. Net increase in cash and cash equivalents |
-713,071,585.87 |
-1,205,470,874.35 |
|
Add: Opening balance of cash and cash equivalents |
10,530,081,360.65 |
13,105,847,068.63 |
|
VI. Closing balance of cash and cash equivalents |
9,817,009,774.78 |
11,900,376,194.28 |
Person-in-charge ofthe Company: Zhang Chuanwei Person-in-charge of accounting: Liang Caifa Head of accountant firm: Zhang Feng
As at 30 September 2023
Preparedby: Ming Yang Smart Energy Group Limited
Unit: Yuan Currency: RMB Audit status:Unaudited
|
30 September 2023 |
31 December 2022 |
|
|
Current assets: |
||
|
Cash and cash equivalents |
7,875,312,791.81 |
8,704,902,879.03 |
|
Financial assets held for trading |
50,127,083.33 |
150,182,291.67 |
|
Derivative financial assets |
|
|
|
Notes receivable |
18,523,138.72 |
|
|
Accounts receivable |
14,111,014,484.79 |
10,114,188,465.73 |
|
Financing receivables |
1,145,673,964.43 |
1,172,266,142.98 |
|
Prepayments |
1,364,561,624.78 |
1,086,818,475.14 |
|
Other receivables |
5,463,240,337.35 |
4,561,549,014.69 |
|
Including: Interest receivable |
|
|
|
Dividends receivable |
25,122,926.63 |
25,122,926.63 |
|
Inventories |
7,752,913,288.33 |
5,617,063,443.08 |
|
Contract assets |
544,064,785.16 |
317,369,774.52 |
|
Assets held for sale |
|
|
|
Non-current assets due within one year |
1,805,445,430.53 |
630,240,740.00 |
|
Other current assets |
6,315,037,871.41 |
5,596,065,372.87 |
|
Total current assets |
46,445,914,800.64 |
37,950,646,599.71 |
|
Non-current assets: |
||
|
Debt investment |
|
|
|
Other debt investments |
|
|
|
Long-term receivables |
|
|
|
Long-term equity investment |
10,893,483,662.70 |
10,185,053,257.81 |
|
Other equity instrument investments |
102,017,157.07 |
98,745,040.22 |
|
Other non-current financial assets |
415,189,731.53 |
623,620,627.97 |
|
Investment properties |
|
|
|
Fixed assets |
468,534,001.72 |
388,915,678.27 |
|
Construction in progress |
499,170,461.42 |
167,518,716.56 |
|
Productive biological assets |
|
|
|
Oil and gas assets |
|
|
|
Right-of-use assets |
30,640,983.64 |
43,048,023.65 |
|
Intangible assets |
634,593,287.22 |
633,966,880.55 |
|
Development expenditures |
456,173,324.86 |
225,728,045.08 |
|
Goodwill |
|
|
|
Long-term deferred expenses |
6,901,892.45 |
5,298,157.62 |
|
Deferred tax assets |
539,246,346.24 |
409,486,373.89 |
|
Other non-current assets |
11,935,068,963.48 |
12,471,018,534.37 |
|
Total non-current assets |
25,981,019,812.33 |
25,252,399,335.99 |
|
Total assets |
72,426,934,612.97 |
63,203,045,935.70 |
|
Current liabilities: |
||
|
Short-term borrowings |
|
259,513,744.63 |
|
Financial liabilities held for trading |
|
|
|
Derivative financial liabilities |
|
|
|
Notes payable |
10,275,623,750.60 |
7,494,711,291.12 |
|
Accounts payable |
13,660,911,092.47 |
10,289,213,026.35 |
|
Receipts in advance |
|
|
|
Contract liabilities |
12,697,531,000.01 |
11,042,682,296.07 |
|
Employee payroll payable |
123,791,241.98 |
116,405,003.27 |
|
Taxes payable |
18,635,805.04 |
106,922,977.08 |
|
Other payables |
4,128,057,996.04 |
2,958,172,611.54 |
|
Including: Interest payable |
|
|
|
Dividends payable |
|
|
|
Liabilities held for sale |
|
|
|
Non-current liabilities due within one year |
220,534,422.26 |
228,939,023.86 |
|
Other current liabilities |
1,315,930,340.93 |
1,052,298,419.39 |
|
Total current liabilities |
42,441,015,649.33 |
33,548,858,393.31 |
|
Non-current liabilities: |
||
|
Long-term borrowings |
679,185,355.18 |
500,000,000.00 |
|
Bond payables |
|
|
|
Including: Preference shares |
|
|
|
Perpetual bonds |
|
|
|
Lease liabilities |
16,810,364.39 |
27,302,956.78 |
|
Long-term payables |
689,607,940.49 |
524,010,283.85 |
|
Long-term employee payroll payable |
|
|
|
Estimated liabilities |
1,851,812,206.92 |
1,798,758,816.30 |
|
Deferred income |
153,399,224.90 |
145,242,025.26 |
|
Deferred tax liabilities |
1,037,258,645.07 |
855,000,801.95 |
|
Other non-current liabilities |
|
|
|
Total non-current liabilities |
4,428,073,736.95 |
3,850,314,884.14 |
|
Total liabilities |
46,869,089,386.28 |
37,399,173,277.45 |
|
Owners’ equity (or shareholders’ equity): |
||
|
Paid-in capital (or share capital) |
2,271,983,706.00 |
2,272,085,706.00 |
|
Other equity instruments |
|
|
|
Including: Preference shares |
|
|
|
Perpetual bonds |
|
|
|
Capital reserve |
17,089,505,641.06 |
17,075,559,172.30 |
|
Less: Treasury stock |
260,219,412.63 |
90,875,421.69 |
|
Other comprehensive income |
20,669,583.51 |
17,888,284.19 |
|
Special reserve |
|
|
|
Surplus reserve |
740,435,107.35 |
740,435,107.35 |
|
Retained earnings |
5,695,470,601.40 |
5,788,779,810.10 |
|
Total owners’ equity (or shareholders’ equity) |
25,557,845,226.69 |
25,803,872,658.25 |
|
Total liabilities and owners’ equity (or shareholders’ equity) |
72,426,934,612.97 |
63,203,045,935.70 |
Person-in-charge of the Company: ZhangChuanwei Person-in-charge ofaccounting: Liang Caifa Head of accountant firm: Zhang Feng
Profit Statement of the Parent
January to September 2023
Preparedby: Ming Yang Smart Energy Group Limited
Unit: Yuan Currency: RMB Audit status: Unaudited
|
Item |
First three quarters of 2023 (January to September) |
First three quarters of 2022 (January to September) |
|
I. Operating revenue |
19,917,051,604.54 |
21,021,812,330.20 |
|
Less: Operating cost |
18,123,093,208.69 |
17,237,633,532.88 |
|
Taxes and surcharges |
27,447,459.99 |
52,850,946.18 |
|
Selling expenses |
684,765,555.30 |
753,649,768.39 |
|
Administrative expenses |
284,426,640.91 |
267,906,344.04 |
|
R&D expenses |
387,816,012.67 |
658,335,554.48 |
|
Financial expenses |
-141,853,622.17 |
-269,547,134.06 |
|
Including: Interest expense |
85,341,043.10 |
57,636,110.25 |
|
Interest income |
161,136,052.47 |
115,705,334.86 |
|
Add: Other income |
89,969,411.74 |
255,309,124.51 |
|
Investment income (“-” means loss) |
243,013,787.85 |
280,857,263.62 |
|
Including: Income from investments in associates and joint ventures |
9,577,396.71 |
35,305,155.72 |
|
Income from derecognition of financial assets measured at amortised cost |
|
- |
|
Net exposure hedging gains (“-” means loss) |
|
|
|
Gains on changes in fair value (“-” means loss) |
-52,582,935.39 |
64,089,383.99 |
|
Credit impairment losses (“-” means loss) |
-156,893,602.88 |
-92,913,670.71 |
|
Asset impairment losses (“-” means loss) |
-1,964,138.77 |
-2,223,683.05 |
|
Gains from disposal of assets (“-” means loss) |
3,497.95 |
113,535.36 |
|
II. Operating profit (“-” means loss) |
672,902,369.65 |
2,826,215,272.01 |
|
Add: Non-operating income |
47,544,842.67 |
2,615,078.95 |
|
Less: Non-operating expenses |
43,982,636.77 |
11,710,606.69 |
|
III. Total profits (“-” means total losses) |
676,464,575.55 |
2,817,119,744.27 |
|
Less: Income tax expense |
78,961,280.40 |
221,311,799.10 |
|
IV. Net profit (“-” means net loss) |
597,503,295.15 |
2,595,807,945.17 |
|
(I) Net profit from continuing operations (“-” means net loss) |
597,503,295.15 |
2,595,807,945.17 |
|
(II) Net profit from discontinuing operations (“-” means net loss) |
|
|
|
V. Other comprehensive income, net of tax |
2,781,299.32 |
5,526,940.79 |
|
(I) Other comprehensive income that cannot be reclassified into profit or loss |
2,781,299.32 |
5,526,940.79 |
|
1. Changes arising from the re-measurement 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 other equity instrument investments |
2,781,299.32 |
5,526,940.79 |
|
4. Change in fair value of the enterprise’s own credit risk |
|
|
|
(II) Other comprehensive income that will be reclassified into profit or loss |
|
- |
|
1. Other comprehensive income that can be transferred to profit or loss under the equity method |
|
|
|
2. Changes in fair value of other debt investments |
|
|
|
3. Amount of financial assets reclassified into other comprehensive income |
|
|
|
4. Provision for credit impairment of other debt investments |
|
|
|
5. Cash flow hedging reserves |
|
|
|
6. Exchange differences on translation of foreign currency financial statements |
|
|
|
7. Others |
|
|
|
VI. Total comprehensive income |
600,284,594.47 |
2,601,334,885.96 |
|
VII. Earnings per share: |
||
|
(I) Basic earnings per share (RMB/Share) |
|
|
|
(II) Diluted earnings per share (RMB/Share) |
|
|
Person-in-charge of the Company: Zhang Chuanwei Person-in-charge of accounting: Liang Caifa Head of accountant firm: Zhang Feng
Cash Flow Statement of the Parent
January to September 2023
Preparedby: Ming Yang Smart Energy Group Limited
Unit: Yuan Currency: RMB Audit status:Unaudited
|
Item |
First three quarters of 2023 (January to September) |
First three quarters of 2022 (January to September) |
|
I. Cash flow from operating activities: |
||
|
Cash received from sales of goods and rendering of services |
18,120,657,406.83 |
14,520,890,103.81 |
|
Tax refunds received |
93,531,394.20 |
196,527,561.46 |
|
Other cash received in connection with operating activities |
1,869,671,322.94 |
1,022,091,502.89 |
|
Sub-total of cash inflows from operating activities |
20,083,860,123.97 |
15,739,509,168.16 |
|
Cash paid for purchase of goods and services |
17,046,617,932.20 |
16,689,214,556.04 |
|
Cash paid to and on behalf of employees |
536,190,891.83 |
512,609,900.48 |
|
Tax payments |
433,670,781.70 |
1,044,282,153.13 |
|
Other cash paid in connection with operating activities |
1,251,910,222.37 |
1,997,120,093.26 |
|
Sub-total of cash outflows from operating activities |
19,268,389,828.10 |
20,243,226,702.91 |
|
Net cash flow from operating activities |
815,470,295.87 |
-4,503,717,534.75 |
|
II. Cash flow from investing activities: |
||
|
Cash received from disposal of investments |
807,071,022.00 |
3,632,509,961.63 |
|
Cash received from investment income |
14,843,558.38 |
34,727,207.61 |
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets |
7,500.00 |
35,560,536.85 |
|
Net cash received from disposal of subsidiaries and other business units |
|
|
|
Other cash received in connection with investing activities |
2,485,037,087.81 |
4,612,252,081.76 |
|
Sub-total of cash inflows from investing activities |
3,306,959,168.19 |
8,315,049,787.85 |
|
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets |
710,874,436.41 |
513,282,735.16 |
|
Cash paid for investments |
1,092,902,657.90 |
6,526,521,672.88 |
|
Net cash paid for acquisition of subsidiaries and other business units |
|
|
|
Other cash paid in connection with investing activities |
2,549,102,262.66 |
5,464,908,300.46 |
|
Sub-total of cash outflows from investing activities |
4,352,879,356.97 |
12,504,712,708.50 |
|
Net cash flows from investing activities |
-1,045,920,188.78 |
-4,189,662,920.65 |
|
III. Cash flow from financing activities: |
||
|
Cash received from investments |
|
6,679,401,501.28 |
|
Cash received from borrowings |
179,185,355.18 |
1,023,808,683.00 |
|
Cash received from issuance of bonds |
|
1,245,150,720.00 |
|
Other cash received in connection with financing activities |
260,321,377.03 |
|
|
Sub-total of cash inflows from financing activities |
439,506,732.21 |
8,948,360,904.28 |
|
Cash repayment of debts |
259,291,906.00 |
470,491,000.00 |
|
Cash paid for distribution of dividends, profits or interest expenses |
677,771,533.42 |
462,212,187.42 |
|
Other cash paid in connection with financing activities |
256,459,847.50 |
|
|
Sub-total of cash outflows from financing activities |
1,193,523,286.92 |
932,703,187.42 |
|
Net cash flows from financing activities |
-754,016,554.71 |
8,015,657,716.86 |
|
IV. Effects of exchange rate changes on cash and cash equivalents |
103,576,498.21 |
390,112,566.64 |
|
V. Net increase in cash and cash equivalents |
-880,889,949.41 |
-287,610,171.90 |
|
Add: Opening balance of cash and cash equivalents |
8,455,177,493.26 |
8,978,636,203.70 |
|
VI. Closing balance of cash and cash equivalents |
7,574,287,543.85 |
8,691,026,031.80 |
Person-in-charge of the Company: Zhang Chuanwei Person-in-charge of accounting: Liang Caifa Head of accountant firm: Zhang Feng
Adjustments tofinancial statements at the beginning of the year upon initial adoption of newaccounting standards or interpretation of standards since 2023
□ Applicable √ Not applicable
Ming Yang Smart Energy Group Limited
27 October 2023