Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
1
Sino Great Wall Co., Ltd.
The Third Quarterly Report 2018
October 2018 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
2
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Chen Lue, Person in charge of the Company, Mr.Tang Xianyong, Chief financial officer and the Mr. Tang
Xianyong, the person in charge of the accounting department (the person in charge of the accounting )hereby
confirm the authenticity and completeness of the financial report enclosed in this Quarterly Report.
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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II. Basic information about the company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
As at the end of the
reporting period
As at the end of last year
Changed （% ）over end of
prev. year
Gross assets （Yuan ） 10,995,887,423.35 11,667,845,186.30 -5.76%
Net assets attributable to the
shareholders of the listed
company （Yuan ）
2,085,798,371.28 2,151,482,467.52 -3.05%
Reporting period
Increase/decrease
over the same period
of last year （% ）
Between beginning
of the year to the
end of the report
period
Changed （% ）over
end of prev. year
Operating income （Yuan ） 672,083,613.81 -59.52% 2,259,055,189.05 -51.78%
Net profit attributable to the
shareholders of the listed
company （Yuan ）
-118,516,821.76 -183.55% 25,482,633.97 -93.79%
Net profit after deducting of
non-recurring gain/loss
attributable to the shareholders
of listed company （Yuan ）
-144,157,168.16 -201.54% -178,741,907.03 -143.93%
Cash flow generated by business
operation, net （Yuan ）
-- -- 1,287,313,317.95 263.90%
Basic earning per
share(Yuan/Share)
-0.0698 -183.59% 0.0150 -93.75%
Diluted gains per
share(Yuan/Share)
-0.0698 -183.59% 0.0150 -93.75%
Weighted average income/asset
ratio （% ）
-5.52% -12.61% 1.20% -20.29%
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB yuan
Items
Amount (Year-beginning to
the end of the report
period.)
Notes
Non-current asset disposal gain/loss(including the write-off part
for which assets impairment provision is made)
-641,051.32
Income from the exceeding part between investment cost of the
Company paid for obtaining subsidiaries, associates and
joint-ventures and recognizable net assets fair value attributable
to the Company when acquiring the investment
70,486,755.72
Mainly due to the acquisition
of Baden-Baden Hospital
evaluation value-added
Net amount of non-operating income and expense except the 134,378,836.60 Mainly due to the Land Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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aforesaid items compensation paid by Union
Holdings
Total 204,224,541.00 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the
Public-Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item.
□ Applicable √Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total number of common
shareholders at the period-end
71,164
Total preference
shareholders with the voting
power recovered at the end
of the reporting period(if
any)
0
Shares held by the top 10 shareholders
Shareholder
name
Properties of
shareholder
Share
proportion %
Quantity
Amount of
tradable shares
with
Conditional
held
Pledging or freezing
Status of the
shares
Quantity
Chen Lue
Domestic
Natural person
34.36% 583,454,556 581,340,196 freeze 583,454,556
STYLE-SUCC
ESS LIMITED
Foreign legal
person
5.47% 92,970,910
Union
Holdings Co.,
Ltd.
Domestic Non-
State-owned
legal person
5.18% 87,935,921
He Feiyan
Domestic
Natural person
3.23% 54,800,458 54,800,458 freeze 54,800,458
Jiutai Fund －
Bank of
Communicatio
ns －Jiutai
Huitong No.2
specific
customer asset
management
Other 2.50% 42,479,672 42,479,672 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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plan
Rich Crown
Investment Co.,
Ltd.
Foreign legal
person
1.37% 23,235,313
Qinghai Heyi
Industry
Development
Co.,Ltd/
Domestic Non-
State-owned
legal person
0.79% 13,357,084 Pledge 13,357,000
Huang Huaian
Domestic
Natural person
0.72% 12,288,800
Li Guanping
Domestic
Natural person
0.49% 8,236,700
Zheng
Qianghui
Domestic
Natural person
0.35% 6,000,026
Shares held by the Top 10 Shareholders of Non-restricted shares
Name of the shareholder
Quantity of unrestricted shares held at the end of the
reporting period
Share type
Share type Quantity
STYLE-SUCCESS LIMITED 92,970,910
Foreign shares
placed in
domestic
exchange
92,970,910
Union Holdings Co., Ltd. 87,935,921
RMB Common
shares
87,935,921
Rich Crown Investment Co., Ltd. 23,235,313
Foreign shares
placed in
domestic
exchange
23,235,313
Qinghai Heyi Industry
Development Co.,Ltd/
13,357,084
RMB Common
shares
13,357,084
Huang Huaian 12,288,800
RMB Common
shares
12,288,800
Li Guanping 8,236,700
RMB Common
shares
8,236,700
Zheng Qianghui 6,000,026
RMB Common
shares
6,000,026
Chen Cheng 6,000,000
RMB Common
shares
6,000,000
Jiangxi Kangfu Real Estate Co.,
Ltd.
5,700,000
RMB Common
shares
5,700,000
Chen Lihong 4,775,760
Foreign shares
placed in
domestic
exchange
4,775,760 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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Explanation on associated
relationship or concerted action of
the above shareholders
The above shareholder Mr. Chen Lu and the shareholder Ms. He Feiyan are acting in
concert; the shareholder “Union Holdings Co., Ltd.”and the shareholder “Rich Crown
Investment Co., Ltd.”, whose controlling shareholder is “Union Development Group
Co.,Ltd.”. whether the other shareholders have associated relations are unknown.
Note to the top 10 common
stockholders involved in margin
financing & securities lending (If
any)
Nil
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes
√ Applicable □ Not applicable
Items
This period/Year-end
balance
Same period of the
previous
year/Year-beginning
balance
Changes % Remarks on the change
Notes receivable 447,177,239.41 288,201,562.88 55.16%
Mainly due to the increase of company
bill collection.
Fixed assets 327,340,997.07 174,537,150.56 87.55%
Mainly due to the merger of Acura
Kliniken Baden-Baden GmbH
Construction in progress 437,000.00 4,968,590.96 -91.20%
Mainly due to installation of overseas
equipment
Other account payable 1,395,803,754.30 537,070,684.98 159.89%
Mainly due to the increase in short-term
capital borrowing.
Non-current liability due in 1
year
1,192,851,267.22 820,422,471.45 45.39%
Mainly due to the maturity of the loan in
the coming year.
Long-term Borrowing 150,000,000.00 843,092,471.02 -82.21%
Mainly due to the maturity of the loan in
the coming year.
Deferred tax liability 51,894,878.61 26,088,961.71 98.92%
Mainly due to the merger of Acura
Kliniken Baden-Baden GmbH
Business income 2,259,055,189.05 4,685,207,526.32 -51.78%
Mainly for the national credit tightening,
the tight capital led to the company's
business contraction, the project
progressed slowly.
Business cost 1,970,673,537.82 3,657,257,165.36 -46.12% Due to reduced operating income.
Financial expenses 400,405,629.14 132,272,854.08 202.71%
Due to the increased Long-term and
short-term borrowing.
Income tax expenses 7,699,247.03 81,101,852.86 -90.51% Due to reduced profits.
Net cash flow generated by
operation activities
1,287,313,317.95 -785,444,322.16 -263.90%
Mainly because the current payment is
better.
Net cash flow generated by
investment activities
-351,491,732.24 -606,720,595.95 -42.07% Mainly due to reduced investment.
Net cash flow generated by
financing activities
-1,424,770,406.23 1,616,558,862.59 -188.14%
Mainly due to the repayment of loans in
the current period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
□ Applicable √ Not applicable Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √ Not applicable
The company has no commitments completed in period and those without completed till lend of the period from
actual controller, shareholders, related parties, purchaser and companies.
IV . Anticipation of Business Performance of 2018
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
□ Applicable √ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Entrusted Financial Management
□ Applicable √ Not applicable
No securities investment in period.
VII. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
VIII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
X. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by ：Sino Great Wall Co., Ltd.
September 30,2018
In RMB yuan
Items At the end of term Beginning of term
Current asset ：
Monetary fund 1,222,691,983.34 1,604,973,916.12 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable and account
receivable
5,668,909,779.12 5,994,876,806.96
Including ： Notes receivable 447,177,239.41 288,201,562.88
Account receivable 5,221,732,539.71 5,706,675,244.08
Advance payment 246,095,408.35 225,208,527.88
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 1,180,185,927.08 1,674,675,360.28
Repurchasing of financial assets
Inventories 748,555,829.35 556,839,325.50
Assets held for sales
Non-current asset due in 1 year
Other current asset 15,868,715.23 17,126,911.05
Total of current assets 9,082,307,642.47 10,073,700,847.79
Non-current assets ：
Loans and payment on other ’s behalf
disbursed
Available for sale of financial assets 10,338,500.00 10,338,500.00
Expired investment in possess
Long-term receivable 16,780,123.46 14,328,557.82
Long term share equity investment
Property investment
Fixed assets 327,340,997.07 174,537,150.56
Construction in progress 437,000.00 4,968,590.96
Production physical assets
Gas & petrol
Intangible assets 146,102,050.94 127,524,445.00
development expenses
Goodwill 57,769,954.64 64,494,271.55
Long-germ expenses to be
amortized
9,183,168.42 10,124,913.15
Deferred income tax asset 116,582,099.44 118,233,337.36
Other non-current asset 1,229,045,886.91 1,069,594,572.11
Total of non-current assets 1,913,579,780.88 1,594,144,338.51
Total of assets 10,995,887,423.35 11,667,845,186.30
Current liabilities Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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Short-term loans 2,409,540,278.76 3,477,200,420.55
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable and account payable 2,517,689,190.38 2,626,177,075.77
Advance receipts 125,579,343.25 146,379,852.67
Selling of repurchased financial assets
Fees and commissions receivable
Employees ’ wage payable 60,753,902.81 21,911,542.07
Tax payable 475,002,266.80 357,445,477.71
Other account payable 1,395,803,754.30 537,070,684.98
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 1,192,851,267.22 820,422,471.45
Other current liability 121,529,600.95
Total of current liability 8,177,220,003.52 8,108,137,126.15
Non-current liabilities ：
Long-term loan 150,000,000.00 843,092,471.02
Bond payable 345,000,000.00 345,000,000.00
Including ：preferred stock
Sustainable debt
Long-term payable 62,606,067.75 81,945,567.86
Long-term payable employee ’s
remuneration
Expected liabilities 2,958,723.15 3,414,189.15
Deferred income 5,890,413.95
Deferred income tax liability 51,894,878.61 26,088,961.71
Other non-current liabilities
Total non-current liabilities 618,350,083.46 1,299,541,189.74
Total of liability 8,795,570,086.98 9,407,678,315.89
Owners ’ equity
Share capital 1,698,245,011.00 1,698,245,011.00
Other equity instrument
Including ：preferred stock
Sustainable debt
Capital reserves -1,299,349,701.74 -1,299,349,701.74 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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Less ：Shares in stock
Other comprehensive income 595,233.77 858,242.13
Special reserves 137,193,764.46 164,231,078.18
Surplus reserves 84,394,441.23 84,394,441.23
Common risk provision
Retained profit 1,464,719,622.56 1,503,103,396.72
Total of owner ’s equity belong to the
parent company
2,085,798,371.28 2,151,482,467.52
Minority shareholders ’ equity 114,518,965.09 108,684,402.89
Total of owners ’ equity 2,200,317,336.37 2,260,166,870.41
Total of liabilities and owners ’ equity 10,995,887,423.35 11,667,845,186.30
Legal Representative: Chen Lue Person in charge of accounting ：Tang Xianyong Accounting Dept Leader: Tang Xianyong
2.Parent Company Balance Sheet
In RMB yuan
Items At the end of term Beginning of term
Current asset ：
Monetary fund 243,505,951.54 407,959,304.60
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable and account receivable
Including ：Notes receivable
Account receivable
Advance payment
3,865,500.01
Other account receivable 2,806,035,781.56 3,690,967,483.22
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 2,175,646.45
Total of current assets 3,049,541,733.10 4,104,967,934.28
Non-current assets ：
Available for sale of financial assets
Expired investment in possess
Long-term receivable
Long term share equity investment 3,311,211,536.66 3,311,211,536.66
Property investment
Fixed assets 44,308.72 52,246.48
Construction in progress
Production physical assets
Gas & petrol
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
12
Intangible assets
Development expenses
Goodwill
Long-germ expenses to be amortized 2,216,225.79 168,284.84
Deferred income tax asset
Other non-current asset 787,328,020.00 550,524,570.00
Total of non-current assets 4,100,800,091.17 3,861,956,637.98
Total of assets 7,150,341,824.27 7,966,924,572.26
Current liabilities
Short-term loans 1,541,182,123.93 2,287,870,000.00
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Notes payable and account payable
388,227,578.11 537,227,578.11
Advance receipts
Employees ’ wage payable 4,533,410.16 1,580,335.12
Tax payable 94,478,087.53 97,124,633.81
Other account payable
990,089,993.91 392,422,663.75
Classified as held for sale debt
Non-current liability due in 1 year
1,176,250,000.00 700,000,000.00
Other current liability
Total of current liability 4,194,761,193.64 4,016,225,210.79
Non-current liabilities ：
Long-term loan 800,000,000.00
Bond payable 100,000,000.00 100,000,000.00
Including ：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 100,000,000.00 900,000,000.00
Total of liability 4,294,761,193.64 4,916,225,210.79
Owners ’ equity
Share capital 1,698,245,011.00 1,698,245,011.00
Other equity instrument
Including ：preferred stock
Sustainable debt
Capital reserves 1,237,956,472.37 1,237,956,472.37 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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Less ：Shares in stock
Other comprehensive income
Special reserves
Surplus reserves 26,309,287.00 26,309,287.00
Retained profit -106,930,139.74 88,188,591.10
Total of owners ’ equity 2,855,580,630.63 3,050,699,361.47
Total of liabilities and owners ’ equity 7,150,341,824.27 7,966,924,572.26
3.Consolidated Income statement of the Report period
In RMB yuan
Items Amount in this period Amount in last period
I. Total revenue 672,083,613.81 1,660,125,169.52
Incl ：Business income 672,083,613.81 1,660,125,169.52
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 942,438,139.46 1,477,429,530.55
Incl ：Business cost 658,461,435.36 1,337,658,549.60
Interest expenses
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount provided as insurance
contract reserves
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 745,870.79 444,136.65
Sales expense 1,941,491.70 5,186,848.41
Administrative expense 57,216,694.51 81,317,075.77
R & D expenses
Financial expenses 222,017,931.24 21,120,082.82
Including ：Interest cost 215,522,929.15 20,689,788.99
Interest income 3,343,599.29 1,807,822.57
Asset impairment loss 2,054,715.86 31,702,837.30
Add ： Other gains
Investment gain（“ - ”for loss ）
Incl: Investment gains from affiliates
Fair value change income
Gains from currency exchange（“ - ”
for loss ）
113,926,608.10 -13,227,051.60
Assets disposal income
III. Operational profit（“ - ”for loss ） -156,427,917.55 169,468,587.37
Add ：Non-operational income 25,845,524.88 263,830.31
Less ：Non-operational expenses 205,178.47 415,828.12 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
14
IV .Gross profit( “- ”for loss) -130,787,571.14 169,316,589.56
Less ：Income tax expenses -11,090,989.76 24,874,714.61
V . Net profit -119,696,581.38 144,441,874.95
(1) Categorized by going concern
(2) Termination of operating net
profit
Net profit attributable to the owners
of parent company
-118,516,821.76 141,854,355.89
Minority shareholders ’ equity -1,179,759.62 2,587,519.06
VI. After tax net amount of
comprehensive income
Net of profit of other comprehensive
income attributable to owners of the
parent company
（I ）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit
plans of changes in net debt or net ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（II）
Other comprehensive income that wil
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
financial statements
6.Other
Net
after-tax of other comprehensive inco
me attributable to Minority
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
15
shareholders ’ equity
VII. Total comprehensive income -119,696,581.38 144,441,874.95
Total comprehensive income
attributable to the owner of the parent
company
-118,516,821.76 141,854,355.89
Total comprehensive income
attributable minority shareholders
-1,179,759.62 2,587,519.06
VIII. Earnings per share
（I ）Basic earnings per share -0.0698 0.0835
(II)Diluted earnings per share -0.0698 0.0835
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Chen Lue Person in charge of accounting ：Tang Xianyong Accounting Dept Leader: Tang Xianyong
4.Income statement of the Parent Company of the Report period
In RMB yuan
Items Amount in this period Amount in last period
I. Turnover 54,418.18 61,297.29
Less ：Operation cost 0.00 0.00
Taxes and surcharge 34,225.74
Sales expenses 371,946.50
Administrative expenses 2,387,007.15 10,651,768.00
R & D cost
Financial expenses
117,586,989.99 15,358,373.68
Including ：Interest cost
121,102,703.51
Interest income
3,518,795.43
Impairment loss on assets
-1,355,806.96
Add ：Other gains
Investment gains( “- “for loss)
Including: investment income from
associates and joint ventures
Fair value change income
Assets disposal income
II. Operational profit（“ - ”for loss ） -118,563,772.00 -26,355,016.63
Add ：Non-operational income
Less ：Non -operational expenses
III.Gross profit( “- ”for loss) -118,563,772.00 -26,355,016.63
Less ：Income tax expenses
IV . Net profit -118,563,772.00 -26,355,016.63
(1) Categorized by going concern
(2) Termination of operating net
profit
V .After tax net amount of
comprehensive income
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
16
（I ）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit
plans of changes in net debt or net ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（ II ）
Other comprehensive income that wil
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
financial statements
6.Other
VI. Total comprehensive income
-118,563,772.00 -26,355,016.63
VII. Earnings per share ：
（I ）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB yuan
Items Amount in this period Amount in last period
I. Total revenue 2,259,055,189.05 4,685,207,526.32
Including ：Business income 2,259,055,189.05 4,685,207,526.32
Interest income
Insurance fee earned
Commission charge and commission
income
II. Total Business cost 2,583,757,816.17 4,142,505,782.67
Including ：Business cost 1,970,673,537.82 3,657,257,165.36
Interest expense Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
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Commission chare and commission
expense
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge
2,852,388.84 2,386,723.94
Sales expenses 18,463,113.78 23,281,434.80
Administrative expense 185,124,556.07 206,493,833.92
R & D cost
Financial expenses 400,405,629.14 132,272,854.08
Including ：Interest cost 390,129,337.03 117,091,144.72
Interest income 9,833,816.40 6,316,332.71
Asset impairment loss 6,238,590.52 120,813,770.57
Add ：Other gains
Investment gain（“ - ”for loss ） 5,171,892.51
Including: investment income from
associates and joint ventures
Fair value change income
Gains from currency exchange（“ - ”
for loss ）
146,374,380.81 -41,886,089.93
Assets disposal income
III. Operational profit（“ - ”for loss ） -173,156,353.80 500,815,653.72
Add ：Non-operational income 205,066,020.08 4,708,455.09
Less ：Non-operational expenses 841,479.08 508,950.45
IV . Gross profit( “- ”for loss) 31,068,187.20 505,015,158.36
Less ：Income tax expenses 7,699,247.03 81,101,852.86
V . Net profit 23,368,940.17 423,913,305.50
(1) Categorized by going concern
(2) Termination of operating net
profit
Net profit attributable to the owners
of parent company
25,482,633.97 410,460,805.92
Minority shareholders ’ equity -2,113,693.80 13,452,499.58
VI.After tax net amount of
comprehensive income
-263,008.36
Net of profit of other comprehensive
income attributable to owners of the
parent company
-263,008.36
（I ）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
18
1.Re-measurement of defined benefit
plans of changes in net debt or net ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（II）
Other comprehensive income that wil
l be reclassified into profit or loss.
-263,008.36
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
financial statements
-263,008.36
6.Other
Net
after-tax of other comprehensive inco
me attributable to Minority
shareholders ’ equity
VII. Total comprehensive income 23,105,931.81 423,913,305.50
Total comprehensive income
attributable to the owner of the parent
company
25,219,625.61 410,460,805.92
Total comprehensive income
attributable minority shareholders
-2,113,693.80 13,452,499.58
VIII. Earnings per share
（I ）Basic earnings per share 0.0150 0.24
(II)Diluted earnings per share 0.0150 0.24
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I. Turnover 171,780.25 172,315.30
Less ：Business cost 0.00 1,482.50 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
19
Taxes and surcharge 278,916.40
Sales expenses 994,445.50 371,946.50
Administrative expense 20,291,125.45 21,228,860.07
R & D cost
Financial expenses
198,992,446.79 52,725,808.24
Including ：Interest cost 200,617,859.56
Interest income 3,944,055.45
Asset impairment loss 7,082,692.91 -57,423.85
Add ：Other gains
Investment gain（“ - ”for loss ）
Including: investment income from
associates and joint ventures
Fair value change income
Assets disposal income
II. Operational profit（“ - ”for loss ） -227,188,930.40 -74,377,274.56
Add ：Non-operational income 100,000,000.00
Less ：Non-operational expenses
III.Gross profit( “- ”for loss) -127,188,930.40 -74,377,274.56
Less ：Income tax expenses
IV . Net profit -127,188,930.40 -74,377,274.56
(1) Categorized by going concern
(2) Termination of operating net
profit
V .After tax net amount of
comprehensive income
（I ）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit
plans of changes in net debt or net ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（ II ）
Other comprehensive income that wil
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as
sets
3.Held-to-maturity investments reclas Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
20
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
financial statements
6.Other
VI. Total comprehensive income
-127,188,930.40 -74,377,274.56
VII. Earnings per share ：
（I ）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
rending of services
2,813,614,672.80 3,177,253,209.09
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central
bank
Net increase of inter-bank loans from
other financial bodies
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of the financial assets
that are measured at fair value and
whose movement is counted to the
current gain and loss
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Tax returned 3,488,505.37 12,758,357.03
Other cash received from business
operation
3,926,123,995.63 3,245,486,770.66
Sub-total of cash inflow 6,743,227,173.80 6,435,498,336.78
Cash paid for purchasing of 2,518,844,052.72 2,823,791,162.98 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
21
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 179,518,278.57 284,756,611.90
Taxes paid 77,150,857.45 175,356,391.05
Other cash paid for business activities 2,680,400,667.11 3,937,038,493.01
Sub-total of cash outflow from
business activities
5,455,913,855.85 7,220,942,658.94
Cash flow generated by business
operation, net
1,287,313,317.95 -785,444,322.16
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and
other long-term assets
432,865.55
Net cash received from disposal of
subsidiaries or other operational units
1,062,398.45
Other investment-related cash
received
Sub-total of cash inflow due to
investment activities
1,495,264.00
Cash paid for construction of fixed
assets, intangible assets and
other long-term assets
12,179,377.50 45,779,721.11
Cash paid as investment 376,429,730.78 517,381,774.84
Net increase of loan against pledge
Net cash received from subsidiaries
and other operational units
-35,622,112.04 43,559,100.00
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
352,986,996.24 606,720,595.95
Net cash flow generated by
investment
-351,491,732.24 -606,720,595.95
III.Cash flow generated by financing Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
22
Cash received as investment 490,000.00
Incl: Cash received as investment
from minor shareholders
Cash received as loans 1,255,509,245.00 4,026,537,500.00
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
financing activities
1,255,999,245.00 4,026,537,500.00
Cash to repay debts 2,425,799,391.05 1,758,114,122.78
Cash paid as dividend, profit, or
interests
254,970,260.18 242,393,681.30
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
activities
409,470,833.33
Sub-total of cash outflow due to
financing activities
2,680,769,651.23 2,409,978,637.41
Net cash flow generated by financing -1,424,770,406.23 1,616,558,862.59
IV . Influence of exchange rate
alternation on cash and cash
equivalents
-4,433,209.17 -8,154,660.05
V .Net increase of cash and cash
equivalents
-493,382,029.69 216,239,284.43
Add: balance of cash and cash
equivalents at the beginning of term
647,222,590.49 943,705,322.41
VI ..Balance of cash and cash
equivalents at the end of term
153,840,560.80 1,159,944,606.84
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
rending of services
54,418.18 128,210.00
Tax returned
Other cash received from business
operation
3,768,971,880.81 2,603,508,330.39
Sub-total of cash inflow 3,769,026,298.99 2,603,636,540.39
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for staffs 1,087,705.66 380,672.60
Taxes paid 1,012,663.31 366,621.64
Other cash paid for business activities 2,421,993,707.71 4,060,602,342.91 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
23
Sub-total of cash outflow from
business activities
2,424,094,076.68 4,061,349,637.15
Cash flow generated by business
operation, net
1,344,932,222.31 -1,457,713,096.76
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow due to
investment activities
Cash paid for construction of fixed
assets, intangible assets
and other long-term assets
65,440.00
Cash paid as investment 163,000,000.00 398,535,100.00
Net cash received from subsidiaries
and other operational units
5,000,000.00
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
163,000,000.00 403,600,540.00
Net cash flow generated by
investment
-163,000,000.00 -403,600,540.00
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 840,650,000.00 3,131,370,000.00
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
financing activities
840,650,000.00 3,131,370,000.00
Cash to repay debts 1,909,087,876.07 980,000,000.00
Cash paid as dividend, profit, or
interests
170,194,670.62 204,306,306.50
Other cash paid for financing
activities
60,833.33
Sub-total of cash outflow due to 2,079,282,546.69 1,184,367,139.83 Sino Great Wall Co., Ltd. The Third Quarterly Report 2018
24
financing activities
Net cash flow generated by financing -1,238,632,546.69 1,947,002,860.17
IV . Influence of exchange rate
alternation on cash and cash
equivalents
V .Net increase of cash and cash
equivalents
-56,700,324.38 85,689,223.41
Add: balance of cash and cash
equivalents at the beginning of term
99,547,899.86 168,691,344.34
VI ..Balance of cash and cash
equivalents at the end of term
42,847,575.48 254,380,567.75
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
Legal representative ：Chen Lue
Sino Great Wall Co., Ltd.
October 31,2018
