Sundiro Holding Co., Ltd. 2015 Semi-Annual Financial Statement
1、Consolidated Balance Sheet
Prepared by： Sundiro Holding Co., Ltd. June 30st, 2015 Unit： RMB Item Ending Balance Beginning Balance Current assets: Monetary Capital 515,510,264.71 Settlement Provision The Lending Funds Trading financial assets Notes Receivable 64,459,468.55 Account Receivable 221,578,570.43 Prepayments 119,878,689.78 Premiums Receivable Receivables from Reinsurers Receivable reinsurance contract reserve Interest Receivable 1,443,650.05 Dividend Receivable Other Receivable 61,857,495.05 Redemptory monetary capital for sale Stock 217,142,436.52
Non-current assets due within one 2,037,542.82 year Other current assets 33,103,726.37 Total current assets 1,237,011,844.28 Non-current assets： Entrusted loans and advances
Available- for –sale financial 29,180,973.30 assets Held to maturity investments Long-term receivables 54,320,418.73 Long-term equity investment 1,277,160,962.62 Investment property 81,068,894.66 Fixed assets 618,719,010.03 Construction in progress 1,233,240,017.78 Materials holds for construction of
fixed assets Disposal of fixed assets 2,125.00 Productive biological assets
Oil and gas assets Intangible assets 302,202,596.85 Development expenditure 5,705,118.60 Goodwill 109,545.59 Long-term prepaid expenses 4,526,396.54 Deferred tax assets 45,307,630.03 Other non- current assets Total non-current assets 3,651,543,689.73 Total assets 4,888,555,534.01 Current liability： Short-term borrowings 761,060,970.00 Borrowings from the central bank Deposits and interbank deposit Borrowing funds Trading financial liabilities Notes payable 12,000,000.00 Accounts payable 336,864,007.17 Advances from customers 48,029,859.31 Financial assets sold under repurchase agreements Fees and commissions payable Payroll payable 43,940,450.38 Taxes payable 31,917,319.47 Interests payable 439,184.02 Dividend payable 17,875,907.30 Other payable 62,349,598.48 Payable reinsurers Insurance contract reserve Acting sale of securities Acting underwriting securities
Non-current liabilities due within 203,152,140.32 one year Other current liabilities Total current liabilities 1,517,629,436.45 Non-current liabilities： Long-term borrowings 436,090,000.00 377,990,000.00 Bonds payables Long-term payables 5,169,234.19 Special payables 827,863.83 827,863.83 Estimated liabilities 4,998,851.68 Deferred income tax liabilities Deferred Revenue 6,321,744.80 Other non-current liabilities Total non-current liabilities 453,407,694.50 Total liabilities 1,971,037,130.95 1,585,082,129.36 Owner’s equity(or shareholder’s equity)： Paid-up capital(or equity) 814,064,000.00 Capital reserves 645,348,498.59 Less-treasury stock Other comprehensive income 646,194.25 623,825.73 Special reserves 2,496,005.65 Surplus reserves 58,651,732.30 General risk provisions Undistributed profit 701,896,818.51 Currency translation differences Total equity attributable to owners of 2,223,103,249.30 the parent Minority interests 694,415,153.76 Owner’s equity(or shareholder’s 2,917,518,403.06 equity)： Liabilities and owner’s equity (or 4,888,555,534.01 shareholder’s equity) Total
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang
2、Parent Company Balance Sheet
Prepared by： Sundiro Holding Co., Ltd. June 30st, 2015 Unit： RMB Item Ending Balance Beginning Balance Current assets: Monetary Capital 344,837,239.03 176,346,834.75
Trading financial assets -
Notes Receivable -
Account Receivable - Prepayments 1,521,800.00 287,800.00 Interest Receivable 1,443,650.05 798,057.37 Dividend Receivable 15,560,450.86 31,560,450.86 Other Receivable 344,054,149.55 234,481,919.13
Stock -
Non-current assets due within one 729,319.44 729,319.44 year Other current assets 549.83 Total current assets 708,147,158.76 444,204,381.55
Non-current assets：
Entrusted loans and advances
Available- for –sale financial 4,180,973.30 4,180,973.30 assets Held to maturity investments 54,320,418.73 54,202,629.82 Long-term receivables 1,539,759,463.12 1,679,784,608.13 Long-term equity investment 1,626,542.12 3,505,847.01 Investment property 917,049.97 1,006,604.33
Construction in progress - Materials holds for construction of
fixed assets -
Disposal of fixed assets -
Productive biological assets -
Oil and gas assets - Intangible assets 235,394.33 297,458.69
Development expenditure -
Goodwill -
Long-term prepaid expenses
Deferred tax assets -
Other non- current assets - Total non-current assets 1,602,073,044.80 1,744,375,984.23 Total assets 2,310,220,203.56 2,188,580,365.78
Current liability：
Short-term borrowings 230,000,000.00 130,000,000.00 Trading financial liabilities Notes payable Accounts payable Advances from customers 85,000.00 85,000.00 Payroll payable 1,723,913.85 6,118,333.89 Taxes payable 188,771.16 230,036.44 Interests payable 299,666.66
Dividend payable
Other payable 183,760,511.77 182,783,714.00 Non-current liabilities due within one year Other current liabilities Total current liabilities 416,057,863.44 319,217,084.33 Non-current liabilities： Long-term borrowings Bonds payables Long-term payables Special payables Estimated liabilities Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities 416,057,863.44 319,217,084.33 Owner’s equity(or shareholder’s equity)： Paid-up capital(or equity) 814,064,000.00 814,064,000.00 Capital reserves 265,164,546.10 265,164,546.10 Less-treasury stock Special reserves Surplus reserves 152,893,188.10 152,893,188.10
General risk provisions
Undistributed profit 662,040,605.92 637,241,547.25 Currency translation differences Owner’s equity(or shareholder’s 1,894,162,340.12 1,869,363,281.45 equity)： Liabilities and owner’s equity (or 2,310,220,203.56 2,188,580,365.78 shareholder’s equity) Total
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang
3、Consolidated Income Statement
Prepared by： Sundiro Holding Co., Ltd. January-June 2015 Unit： RMB
Item Amount of this period Amount of last period One. Total operating income 407,514,004.28 429,077,812.15 Include：Operating income 407,514,004.28 429,077,812.15 Interest income Earned Premium Fee and commission income Two. Total operating costs 397,933,680.99 400,327,296.32 Include：Operating costs 266,938,178.92 271,804,106.83 Interest expense Fee and commission expense Surrenders Net claims paid Net reserves of insurance contracts to extract Policyholder dividends Reinsurance costs
Business tax and 18,771,265.57 8,792,445.34 surcharges Selling expenses 46,082,080.61 39,805,441.14 Administrative expenses 69,056,574.08 71,714,174.71 Finance costs -2,954,339.26 7,768,041.92 Impairment losses on assets 39,921.07 443,086.38 Add：Changes in fair value gains(- means loss)
Investment income(- means 58,481,061.41 51,901,330.15 loss) Include：Investment income from associates and joint 56,919,622.45 50,359,830.94 ventures Exchange gains(- means loss) Three. Profit from operation(- means 68,061,384.70 80,651,845.98 loss) Add：Non-operating income 1,163,246.26 4,167,919.52 Less：Non-operating expense 1,546,819.04 91,255.02 ： Include Losses on disposal of 136,241.51 12,947.39 non-current assets Four. Total profit (- means loss) 67,677,811.92 84,728,510.48 Less：Income tax expense 15,510,318.26 19,331,384.09 Five. Net profit(- means net loss) 52,167,493.66 65,397,126.39 Include：Net profit that the merged party has already realized before the combination
Net profit attributable to the owner 50,197,583.79 51,233,449.02 of the parent company Minority interest 1,969,909.87 14,163,677.37 Six. Earnings per share： 1. Basic earnings per share 0.0617 0.0684 2. Diluted earnings per share 0.0617 0.0684 Seven. Other comprehensive income 22,368.52 127,082.29 Eight. Total comprehensive income 52,189,862.18 65,524,208.68 Total comprehensive income attributable to the owners of the 50,219,952.31 51,360,531.31 parent company
Total comprehensive income 1,969,909.87 14,163,677.37 attributable to minority shareholders
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang
4、Parent Company Income Statement
Prepared by： Sundiro Holding Co., Ltd. January-June 2015 Unit： RMB Item Amount of this period Amount of last period One. Operating income 8,643,555.74 7,329,036.42 Less：Operating costs 2,349,754.94 175,366.32 Business tax and surcharges 344,214.45 330,126.43 Selling expenses - - Administrative expenses 9,460,072.88 8,805,321.62 Finance costs -6,522,685.50 6,082,411.02 Impairment losses on assets 1,123,626.55 -262,596.76 Add：Changes in fair value - - gains(- means loss)
Investment income(- means 22,899,433.10 60,266,709.64 loss) Include：Investment income from associates and joint 20,617,501.09 50,392,543.75 ventures Two. Profit from operation(- means 24,788,005.52 52,465,117.43 loss) Add：Non-operating income 11,720.00 Less：Non-operating expense 666.85 551.33 ： Include Losses on disposal of 666.85 551.33 non-current assets Three. Total profit (- means loss) 24,799,058.67 52,464,566.10 Less：Income tax expense Four. Net profit(- means net loss) 24,799,058.67 52,464,566.10 Five. Earnings per share： 1. Basic earnings per share 2. Diluted earnings per share Six. Other comprehensive income Seven. Total comprehensive income 24,799,058.67 52,464,566.10
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang
5、The consolidated cash flow statement
Prepared by： Sundiro Holding Co., Ltd. January-June 2015 Unit： RMB Item Amount of this period Amount of last period One. Cash flows from operating activities：
Cash received from sales of goods 304,897,664.27 428,180,759.35 and provided service Customer deposits and interbank deposits from Net increase Net increase in borrowings from central bank Net increase of capital borrowed from other financial institutions Cash received from primary insurance premium Net cash received from reinsurance business Net increase in policyholders' deposits and investments Net increase in disposal of trading financial assets Cash interest, fees and charged commissions Net increased of capital borrowed Net capital increase of repurchased business Tax refunds 2,504,796.67
Other received cash relating to 78,827,498.84 20,568,221.90 operating activities Sub-total of cash inflows from 383,725,163.11 451,253,777.92 operating activities
Cash of purchasing commodities 175,265,338.05 228,826,943.71 and paying labor service Net increase in loans and advances Net increase in central banks and interbank payments Cash paid for the indemnity of original insurance contract Cash paid for interest, fees and commissions Cash paid for policyholder dividend
Payments to employees and cash 205,338,396.89 172,925,898.57 payment for employees Cash paid for taxes 55,073,881.76 121,457,838.59
Other cash paid for operating 95,821,657.62 119,725,023.95 activities Sub-total of cash outflows from 531,499,274.32 642,935,704.82 operating activities Net cash flow from operating activities -147,774,111.21 -191,681,926.90 Two. Cash flows from investing activities： Cash received from investment 6,178,700.00
Cash received from investment 25,276,703.47 22,470,182.89 income Net cash received from disposal of fixed assets, intangible assets and other 3,847,784.67 906,249.10 long-term assets Net cash received from disposal of subsidiaries and other business - - units Other cash received from investing - - activities Sub-total of cash inflows from investing 29,124,488.14 29,555,131.99 activities Cash paid for acquisition of fixed assets, intangible assets and other 72,782,213.42 141,555,825.10 long-term assets Cash paid for investments 45,000,000.00 Net increase in pledged loans Net cash payment from subsidiaries and other business units Other cash paid to investing activities Sub-total of cash outflows from 117,782,213.42 141,555,825.10 investing activities Net cash flows from investing activities -88,657,725.28 -112,000,693.11 Three. Cash flows from financing activities： Cash received from investors 484,361,997.70 ： Include Cash that subsidiaries 206,441,997.70 received from minority shareholders Cash received from borrowings 564,552,065.00 459,647,850.57 Cash received from issuance of bonds Other cash received from financing activities Sub-total of cash inflows from 564,552,065.00 944,009,848.27 financing activities Cash of repayments 169,274,012.31 260,000,000.00
Cash to pay dividends, profits 38,387,306.13 9,804,993.97 distribution or interest payment Include：Dividends and profit that paid to minority shareholders by 4,000,000.00 2,000,000.00 subsidiaries
Other cash paid for financing 2,812,709.20 1,995,000.00 activities Sub-total of cash outflows from 210,474,027.64 271,799,993.97 financing activities Net cash flow from financing activities 354,078,037.36 672,209,854.30 Four. Effect of changing rate changes -1,618,107.54 -61,158.71 on cash and cash equivalents Five. Net increase in cash and cash 116,028,093.33 368,466,075.58 equivalents ： Add Cash and cash equivalents 399,482,171.38 270,346,796.42 at the beginning of the period Six. Cash and cash equivalents at the 515,510,264.71 638,812,872.00 end of the period
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang
6、Parent Company Statement of Cash Flows
Prepared by： Sundiro Holding Co., Ltd. January-June 2015 Unit： RMB Item Amount of this period Amount of last period One. Cash flows from operating activities：
Cash received from sales of goods 1,623,361.72 1,624,368.40 and provided service Tax refunds 1,496,189.25
Other received cash relating to 153,753,778.49 58,290,484.27 operating activities Sub-total of cash inflows from 155,377,140.21 61,411,041.92 operating activities Cash of purchasing commodities - - and paying labor service
Payments to employees and cash 7,224,701.01 8,339,977.44 payment for employees Cash paid for taxes 255,274.18 980,066.52
Other cash paid for operating 115,879,669.20 36,729,762.19 activities Sub-total of cash outflows from 123,359,644.39 46,049,806.15 operating activities Net cash flow from operating activities 32,017,495.82 15,361,235.77 Two. Cash flows from investing activities： Cash received from investment 56,000.00
Cash received from investment 41,997,196.52 33,861,274.06 income Net cash received from disposal of fixed assets, intangible assets and other 3,643,419.67 long-term assets Net cash received from disposal of subsidiaries and other business units Other cash received from investing activities Sub-total of cash inflows from investing 45,640,616.19 33,917,274.06 activities Cash paid for acquisition of fixed assets, intangible assets and other 69,990.00 235,289.60 long-term assets Cash paid for investments 280,694,375.00 Net increase in pledged loans Net cash payment from subsidiaries and other business units Other cash paid to investing activities Sub-total of cash outflows from 69,990.00 280,929,664.60 investing activities Net cash flows from investing activities 45,570,626.19 -247,012,390.54 Three. Cash flows from financing activities： Cash received from investment 277,920,000.00 Cash received from borrowings 200,000,000.00 100,000,000.00
Cash received from issuance of 200,000,000.00 100,000,000.00 bonds Other cash received from financing - - activities Sub-total of cash inflows from 200,000,000.00 377,920,000.00 financing activities Cash of repayments 100,000,000.00 100,000,000.00
Cash to pay dividends, profits 6,577,437.73 3,835,666.66 distribution or interest payment
Other cash paid for financing 2,520,280.00 1,995,000.00 activities Sub-total of cash outflows from 109,097,717.73 105,830,666.66 financing activities Net cash flow from financing activities 90,902,282.27 272,089,333.34 Four. Effect of changing rate changes - - on cash and cash equivalents Five. Net increase in cash and cash 168,490,404.28 40,438,178.57 equivalents ： Add Cash and cash equivalents 176,346,834.75 122,581,756.93 at the beginning of the period Six. Cash and cash equivalents at the 344,837,239.03 163,019,935.50 end of the period
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang 7、Statement of changes in consolidated equity
Prepared by： Sundiro Holding Co., Ltd. Semi-Annual 2015 Unit： RMB Current amount Current amount Interest of Equity attributable to owners of the parent minority Total equity Item shareholders Other equity instruments Less：Treasury shares Other Special General risk provisions Paid-up capital Undistributed comprehensive reserves (or equity) preferenc Perpetual othe profit e share debt r income One. Balance by 10,64 814,064,000.0 645,348,498.5 696,638, the end of last 623,825.73 4,436 58,651,732.30 655,335,246.05 2,881,305,858.02 0 9 118.37 year .98 Add： Changes in accounting policies
Correction of errors Other Two. Balance at 10,64 814,064,000.0 645,348,498.5 696,638, the beginning of 623,825.73 4,436 58,651,732.30 655,335,246.05 2,881,305,858.02 0 9 118.37 the year .98 Three. Current - - Amount of 8,148 22,368.52 46,561,572.46 2,222,96 36,212,545.04 change ("-" ,431. 4.61 means decrease ) 33 （ ） 1 total of 1,969,90 22,368.52 50,197,583.79 52,189,862.18 comprehensive 9.87 income （2）Capital 3,636,01 that the owner -3,636,011.33 -0.81 invest and 0.52 reduce 1．Capital invested by the owner 2．Amount of Shares included in the owners' equity 3,636,01 ． -3,636,011.33 -0.81 3 Other 0.52 （3）Profit distribution 1．Transfer to surplus reserve 2．Common risk provision 3．Distribution to owners (or shareholders) 4．Other （4）Internal transfer of owner’s equity 1．Capital reserves to capital (or equity) 2．Surplus reserves to capital (or equity) 3．Reserve to cover losses 4．Other - - （ ） 8,148 5 Special 7,828,88 -15,977,316.33 ,431. reserves 5.00 33 1．Current 17,39 16,710,9 34,104,063.21 extraction 3,072 90.97 .24 25,54 24,539,8 ． 1,503 50,081,379.54 2 Current use 75.97 .57 （6）Other 2,496 Four. Balance at 814,064,000.0 645,348,498.5 694,415, 646,194.25 ,005. 58,651,732.30 701,896,818.51 2,917,518,403.06 end of the period 0 9 153.76 65 Last term amount Last term amount Interest of Equity attributable to owners of the parent minority Total equity Item shareholders Other equity instruments Less：Treasury shares Other Special General risk provisions Paid-up capital Undistributed comprehensive reserves (or equity) preferenc Perpetual othe profit e share debt r income One. Balance by 736,064,000.0 474,704, the end of last 445,113,782.59 142,953.22 45,979,523.79 614,934,308.28 2,316,938,792.30 0 224.42 year Add： Changes in accounting policies
Correction of errors Other Two. Balance at 736,064,000.0 474,704, the beginning of 445,113,782.59 142,953.22 45,979,523.79 614,934,308.28 2,316,938,792.30 0 224.42 the year Three. Current 10,64 Amount of 200,234,716.0 221,933, 78,000,000.00 480,872.51 4,436 12,672,208.51 40,400,937.77 564,367,065.72 change ("-" 0 893.95 .98 means decrease ) （ ） 1 total of 20,154,7 480,872.51 76,291,984.21 96,927,589.61 comprehensive 32.89 income （2）Capital 78,000,000.00 200,234,716.0 214,818, 493,053,318.02 that the owner invest and 0 602.02 reduce ． 1 Capital 199,869,215.6 214,818, 78,000,000.00 492,687,817.70 invested by the 8 602.02 owner 2．Amount of Shares included in the owners' equity 3．Other 365,500.32 365,500.32 - (3) Profit 12,672,208.51 -37,094,128.51 24,568,5 -48,990,447.42 distribution 27.42 ． 1 Transfer to 12,672,208.51 -12,672,208.51 surplus reserve 2．Common risk provision 3．Distribution - to owners (or -24,421,920.00 24,568,5 -48,990,447.42 shareholders) 27.42 4．Other （ ） 4 Internal 1,302,07 1,203,082.07 2,505,160.46 transfer of 8.39 owner’s equity 1．Capital reserves to capital (or equity) 2．Surplus reserves to capital (or equity) 3．Reserve to cover losses 1,302,07 ． 1,203,082.07 2,505,160.46 4 Other 8.39 (5) Special 10,64 10,227,0 20,871,445.05 4,436 reserves 08.07 .98 39,06 ． 37,532,3 1 Current 4,242 76,596,554.52 11.72 extraction .80 28,41 27,305,3 ． 9,805 55,725,109.47 2 Current use 03.65 .82 （6）Other 10,64 Four. Balance at 814,064,000.0 645,348,498.5 696,638, 623,825.73 4,436 58,651,732.30 655,335,246.05 2,881,305,858.02 end of the period 0 9 118.37 .98
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang
8、Statement of Changes in Equity holders of the parent company
Prepared by： Sundiro Holding Co., Ltd. Semi-Annual 2015 Unit： RMB Current amount Current amount Ot her eq uit Special y Capital reserve Undistributed profit reserves ins tru Item Less： Other Paid in capital (or stock) me Treasury comprehensiv Total equity nts shares e income pre fer enc Perpetual debt other e sha re One. Balance 265,164,546.1 152,893,188.1 1,869,363,281. by the end of 814,064,000.00 637,241,547.25 0 0 45 last year Add： Changes in accounting policies
Correction of errors
Other Two. Balance at the 265,164,546.1 152,893,188.1 1,869,363,281. 814,064,000.00 637,241,547.25 beginning of 0 0 45 the year Three. Current Amount of change ("-" 24,799,058.67 24,799,058.67 means decrease ) （1）total of comprehensive 24,799,058.67 24,799,058.67 income （2）Capital that the owner invest and reduce 1．Capital invested by the owner 2．Amount of Shares included in the owners' equity 3．Other （3）Profit distribution 1．Transfer to surplus reserve 2．Distributio n to owners (or shareholders) 3．Other （4）Internal transfer of owner’s equity 1．Capital reserves to capital (or equity) 2．Surplus reserves to capital (or equity) 3．Reserve to cover losses 4．Other （5）Special reserves 1．Current extraction 2．Current use （6）Other Four. Balance 265,164,546.1 152,893,188.1 1,894,162,340. at end of the 814,064,000.00 662,040,605.92 0 0 12 period Last term amount Item Last term amount Paid in capital (or stock) Ot Less： Other Total equity her Treasury comprehensiv eq shares e income uit Special y Capital reserve Undistributed profit reserves ins tru me nts pre Perpetual debt other fer enc e sha re One. Balance 140,220,979.5 1,491,472,615. by the end of 736,064,000.00 67,574,045.78 547,613,590.62 9 99 last year Add： Changes in accounting policies
Correction of errors
Other Two. Balance at the 140,220,979.5 1,491,472,615. 736,064,000.00 67,574,045.78 547,613,590.62 beginning of 9 99 the year Three. Current Amount of 197,590,500.3 377,890,665.4 change ("-" 78,000,000.00 12,672,208.51 89,627,956.63 2 6 means decrease ) （ ） 1 total of 126,722,085.1 126,722,085.14 comprehensive 4 income （2）Capital 197,590,500.3 275,590,500.3 that the owner 78,000,000.00 invest and 2 2 reduce ． 1 Capital 197,225,000.0 275,225,000.0 78,000,000.00 invested by the 0 0 owner 2．Amount of Shares included in the owners' equity 3．Other 365,500.32 365,500.32 （ ） 3 Profit 12,672,208.51 -37,094,128.51 -24,421,920.00 distribution ． 1 Transfer to 12,672,208.51 -12,672,208.51 surplus reserve 2．Distributio n to owners (or -24,421,920.00 -24,421,920.00 shareholders) 3．Other （4）Internal transfer of owner’s equity 1．Capital reserves to capital (or equity) 2．Surplus reserves to capital (or equity) 3．Reserve to cover losses 4．Other （5）Special reserves 1．Current extraction 2．Current use （6）Other Four. Balance 265,164,546.1 152,893,188.1 1,869,363,281. at end of the 814,064,000.00 637,241,547.25 0 0 45 period
Legal Representative：Zhao Xuhong Chief financial officer：Du Shuliang Accounting Leader：Chen Xiang