StockCode:600057StockAbbreviation:XiamenXiangyu
XiamenXiangyuCo.,Ltd.ReportforThirdQuarterof2025
NotestoImportantItems:
TheBoardofdirectors,theBoardofSupervisors,aswellasDirectors,SupervisorsandSeniorManagementoftheCompanyshallguaranteetheauthenticity,accuracy,andcompletenessofthecontentsoftheQuarterlyReportwithoutanyfalserecordation,misleadingstatement,ormaterialomission,andshallassumethejointandseverallegalliabilities.ThepersoninchargeoftheCompany,thepersoninchargeoffinancialaffairs,andtheleadingmemberoftheaccountingbody(thepersoninchargeofaccounting)shallguaranteetheauthenticity,accuracyandcompletenessofthefinancialinformationintheQuarterlyReport.Whetherthefinancialstatementsforthethirdquarterareauditedornot
□Yes√NoI.Keyfinancialdata
(1)Keyaccountingdataandfinancialindicators
Unit:millionYuanCurrency:RMB
TheBoardofDirectorsandallDirectorsoftheCompanyshallguaranteethatthereisnofalserecordation,misleadingstatement,ormaterialomissionincontentsofthisAnnouncement,andshallassumethelegalliabilityforauthenticity,accuracyandcompletenessofsuchcontents.
Item
| Item | Currentreportingperiod | ChangesonaYoYbasis(%) | Frombeginningoftheyeartotheendofreportingperiod | ChangesonaYoYbasis(%) |
| Operatingrevenue | 112,916.46 | 19.85 | 316,864.72 | 6.44 |
| Totalprofit | 1,043.51 | 239.01 | 2,547.69 | 57.27 |
| Netprofitattributableto | 601.25 | 443.17 | 1,633.37 | 83.57 |
| shareholdersofthelistedcompany | ||||
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingthenon-recurringprofitandloss | 818.11 | 2,590.23 | 1,148.85 | 302.47 |
| Netcashflowfromoperatingactivities | Notapplicable | Notapplicable | 7,123.60 | 1,282.30 |
| Basicearningspershare(Yuan/share) | 0.18 | 4,400.00 | 0.49 | 75.00 |
| Dilutedearningspershare(Yuan/share) | 0.18 | 4,400.00 | 0.49 | 75.00 |
| Weightedaveragereturnonequity(%) | 2.84 | Increasedby2.61pp | 7.83 | Increasedby3.62pp |
| Attheendofreportingperiod | Attheendoflastyear | Changescomparedtotheendoflastyear(%) | ||
| Totalassets | 130,216.89 | 123,872.66 | 5.12 | |
| Owner’sequityattributabletotheshareholdersofthelistedcompany | 30,465.73 | 23,821.81 | 27.89 | |
Note:The“CurrentReportingPeriod”meanstheperiodofthreemonthsfromthebeginningofthecurrentquartertotheendofthecurrentquarter;thesameasbelow.Remark:
Intheabovestatement,thenetprofitattributabletotheshareholdersofthelistedcompanyfrombeginningoftheyeartotheendofreportingperiodincludestheinterestsattributabletotheholdersoftheperpetualbondsintheamountofRMB369million;afterdeductingsuchinterest,theamountofthenetprofitattributabletotheshareholdersofthelistedcompanyfrombeginningoftheyeartotheendofreportingperiodisRMB1.264billion.Whencalculatingthebasicearningspershare,thedilutedearningspershare,theweightedaveragenetreturnonequity,andotherkeyfinancialindicators,theperpetualbondsandtheinterestsaccruedthereonarededucted.
(2)Non-recurringprofitandlossitemsandamountsthereof
Unit:YuanCurrency:RMB
| Non-recurringprofitandlossitems | Amountincurrentreportingperiod | Amountfrombeginningoftheyeartotheendofthereportingperiod | Remark |
| Thedisposalgainsandlossesofnon-currentassets,includingthereversalofpreviouslyrecognizedassetimpairmentprovisions | 684,149.94 | -5,160,841.59 | |
| Thegovernmentsubsidies(exceptforthosecloselyrelatedtotheCompany’snormalbusinessoperations,inlinewithnationalpolicies,andcontinuouslyavailableatcertainstandardquotaorration)includedinthecurrentprofitandloss | 87,293,554.45 | 380,252,951.88 | |
| ExceptfortheeffectivehedgingbusinessrelatedtotheCompany’snormalbusinessoperations,thechangesinfairvaluerecognizedinprofitorlossderivedfromholdingfinancialassetsandfinancialliabilitiesbynon-financialenterprises,andthegainsandlossesarisingfromthedisposaloffinancialassetsandfinancialliabilities | -539,332,924.67 | 178,830,689.43 | Influencedbythedomesticcurtailingexcessivecompetition(“anti-involution”)policyandthesupply-demanddynamicsinthesecondhalfoftheyear,futurespricesofsomeoftheCompany'sgoodsexperiencedvolatility.Consequently,thecorrespondingfutureshedgingagainstspotgoodsrecordedlossesinthethirdquarter.However,theoveralloperationalperformancemaintainedsteadygrowthwhencombinedwithgainsfromthespotbusiness,effectivelyhedgingagainsttheriskofpricefluctuations. |
| Fundoccupationfeeschargedtonon-financialenterprisesthat | 47,710,287.98 | 143,921,472.84 |
| recognizedincurrentprofitorloss | ||
| Reversaloftheimpairmentprovisionforreceivablesofwhichtheimpairmenttestsarecarriedoutseparately | 22,645,534.62 | 37,275,673.19 |
| Trusteefeefromentrustedoperations | 1,686,320.63 | 5,058,962.25 |
| Othernon-operatingincomesandexpensesthanthosementionedabove | 44,459,493.94 | 131,284,648.20 |
| Less:Amountofincometaxconsequence | -70,810,568.61 | 219,628,622.81 |
| Amountofminorityequityconsequence(aftertax) | -47,189,846.66 | 167,317,536.29 |
| Total | -216,853,167.84 | 484,517,397.10 |
ForitemsnotlistedintheExplanatoryAnnouncementonInformationDisclosureforCompaniesOfferingSecuritiestothePublicNo.1-Non-recurringGainsandLossesbutdefinedasnon-recurringgainsorlossesbytheCompanywithmaterialamount,aswellasthenon-recurringprofitandlossitemslistedinExplanatoryAnnouncementonInformationDisclosureforCompaniesOfferingSecuritiestothePublicNo.1-Non-recurringGainsandLossesbutdefinedasrecurringgainsandlossesbytheCompany,explanationsshouldbeprovided.
□Applicable√NotApplicable
(3)Thecircumstancesandcausesforoccurrenceofchangesinthekeyaccountingdataandfinancialindicators
√Applicable□NotApplicable
| Nameofitem | Proportionofchange(%) | Maincause |
| Totalprofit_currentreportingperiod | 239.01 | TheCompany'sbusinessoperatedsteadily,withoveralloperationscontinuingtoimprove.Firstly,thesupplychainadvantagesofcoreproductswereconsolidated,andthebulkcommoditybusinessachievedgrowthinbothvolumeandprofits.Secondly,throughoptimizedriskmanagementandcontrolmeasures,impairmentlosses |
| Totalprofit_frombeginningoftheyeartotheendofreportingperiod | 57.27 | |
| Netprofitattributabletoshareholdersofthelistedcompany_currentreportingperiod | 443.17 | |
| Netprofitattributabletoshareholdersofthelistedcompany_frombeginningoftheyeartotheendofreportingperiod | 83.57 |
| decreasedyear-on-year.Thirdly,thescaleofbillsettlementwasexpanded,continuouslyimprovingcapitaloperationefficiency,leadingtofinancialexpensesdecreasingyear-on-year. | ||
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingthenon-recurringprofitandloss_currentreportingperiod | 2,590.23 | Mainlyduetotheyear-on-yearincreaseinnetprofitattributabletoshareholdersofthelistedcompanyandtheyear-on-yeardecreaseinnon-recurringgainsandlosses.Theyear-on-yeardecreaseintheCompany'snon-recurringgainsandlosseswasprimarilyduetothelossesonthefutureshedgingagainstspotgoods.TheselosseswereattributedtothevolatilityinthefuturespricesofsomeoftheCompany’sgoods,aresultof"anti-involution"policiesandsupply-demanddynamicsinthesecondhalfoftheyear.However,aftercombiningthegainsfromthespotbusiness,theoveralloperatingperformancemaintainedsteadygrowth,effectivelyhedgingagainsttheriskofpricefluctuations. |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingthenon-recurringprofitandloss_frombeginningoftheyeartotheendofreportingperiod | 302.47 | |
| Netcashflowfromoperatingactivities_frombeginningoftheyeartotheendofreportingperiod | 1,282.30 | MainlyduetotheCompany'scontinuousoptimizationofsettlementmethodswithincreaseduseofbillpaymentsinbusinesssettlements,andfocusedeffortstoaccelerateoperationalturnover,whichhasdrivenanimprovementinoveralloperationalefficiency.Thesetwomeasureshaveworkedsynergistically,effectivelyimprovingtheoperatingcashflowsituation. |
| Basicearningspershare(Yuan/share)_currentreportingperiod | 4,400.00 | Mainlyduetotheriseofnetprofitattributabletoshareholdersofthelistedcompanyincurrentperiod. |
| Basicearningspershare(Yuan/share)_frombeginningoftheyeartotheendofreportingperiod | 75.00 | |
| Dilutedearningspershare(Yuan/share)_currentreportingperiod | 4,400.00 | |
| Dilutedearningspershare(Yuan/share)_frombeginningoftheyeartotheendofreportingperiod | 75.00 |
II.Informationonshareholders
(1)Thetotalnumberofcommonshareholders,thenumberofpreferredshareholderswhosevotingrightsarerestored,andthesharesheldbytoptenshareholders
Unit:Share
| Totalnumberofshareholdersattheendofthereportingperiod | 34,803 | Totalnumberofpreferredshareholderswhosevotingrightsarerestoredattheendofthereportingperiod(ifany) | 0 | |||
| Shareholdingstatusofthetop10shareholders(excludingshareslentthroughrefinancing) | ||||||
| NameofShareholder | NatureofShareholder | NumberofSharesHeld | ProportionofShareholding(%) | NumberofRestrictedSharesHeld | Pledge,Marking,orFreezing | |
| StatusofShare | Quantity | |||||
| XiamenXiangyuGroupCorporation | State-ownedlegalperson | 1,362,930,780 | 49.22 | 217,425,988 | No | 0 |
| ChinaMerchantsGroupLimited | State-ownedlegalperson | 178,253,119 | 6.44 | 178,253,119 | No | 0 |
| ShandongPortGroupCo.,Ltd. | State-ownedlegalperson | 178,253,119 | 6.44 | 178,253,119 | No | 0 |
| NationalSocialSecurityFundPortfolio114 | Others | 63,895,430 | 2.31 | 0 | No | 0 |
| ChinaMerchantsBankCo.,Ltd.-SSEDividendTradingOpen-endedIndexSecuritiesInvestmentFund | Others | 53,767,491 | 1.94 | 0 | No | 0 |
| XiamenCCREGroupCo.,Ltd. | State-ownedlegalperson | 50,226,994 | 1.81 | 0 | No | 0 |
| ChinaAgriculturalReclamationIndustryDevelopmentFund(L.P.) | State-ownedlegalperson | 42,649,000 | 1.54 | 0 | No | 0 |
| HongKongSecuritiesClearingCompanyLtd. | Overseaslegalperson | 36,175,726 | 1.31 | 0 | No | 0 |
| XiangyuRealEstateGroupCo.,Ltd. | State-ownedlegalperson | 30,388,100 | 1.10 | 0 | No | 0 |
| NationalSocialSecurityFundPortfolio503 | Others | 20,000,088 | 0.72 | 0 | No | 0 |
| Shareholdingstatusofthetop10unrestrictedshareholders(excludingshareslentthroughrefinancing) | ||||||
| NameofShareholder | Numberofunrestrictedoutstandingsharesheld | Classandnumberofshares | ||||
| Classofshares | Number | |||||
| XiamenXiangyuGroupCorporation | 1,145,504,792 | RMBordinaryshares | 1,145,504,792 |
| NationalSocialSecurityFundPortfolio114 | 63,895,430 | RMBordinaryshares | 63,895,430 |
| ChinaMerchantsBankCo.,Ltd.-SSEDividendTradingOpen-endedIndexSecuritiesInvestmentFund | 53,767,491 | RMBordinaryshares | 53,767,491 |
| XiamenCCREGroupCo.,Ltd. | 50,226,994 | RMBordinaryshares | 50,226,994 |
| ChinaAgriculturalReclamationIndustryDevelopmentFund(L.P.) | 42,649,000 | RMBordinaryshares | 42,649,000 |
| HongKongSecuritiesClearingCompanyLtd. | 36,175,726 | RMBordinaryshares | 36,175,726 |
| XiangyuRealEstateGroupCo.,Ltd. | 30,388,100 | RMBordinaryshares | 30,388,100 |
| NationalSocialSecurityFundPortfolio503 | 20,000,088 | RMBordinaryshares | 20,000,088 |
| ShanghaiPudongDevelopmentBankCo.,Ltd.–E-FundYuxiangHuibaoBond-typeSecuritiesInvestmentFund | 17,434,851 | RMBordinaryshares | 17,434,851 |
| PICCPropertyandCasualtyCompanyLimited-ProprietaryFunds | 15,079,354 | RMBordinaryshares | 15,079,354 |
| Notetoassociationorconcertedactionofaforesaidshareholders | XiangyuRealEstateGroupCo.,Ltd.isawholly-ownedsubsidiaryofXiamenXiangyuGroupCorporation.TheCompanyisnotawarethatwhetherthereisanyassociationbetweentheotheraforesaidshareholders,orwhethertheotheraforesaidshareholdersarethepersonactinginconcertasstipulatedinthe“AdministrationoftheTakeoverofListedCompaniesProcedures”. | ||
| Notestoparticipationontop10shareholdersandtop10unrestrictedshareholdersinsecuritiesmargintradingandrefinancingbusiness(ifany) | Notapplicable | ||
Note:AsofSeptember30,thenumberofsharesintheCompany'ssharerepurchasespecialaccountis100,000,037.
Sharelendingstatusofshareholdersholdingmorethan5%,thetop10shareholders,andthetop10unrestrictedcirculatingshareholdersparticipatinginrefinancing.
□Applicable√NotApplicableThetop10shareholdersandthetop10unrestrictedcirculatingshareholdershavechangedcomparedtothepreviousperiodduetolending/returningsharesforrefinancing.
□Applicable√NotApplicableIII.OtherremindersOtherimportantinformationontheCompany’soperatingconditionsduringthereportingperiodthatinvestorsshallberemindedof
□Applicable√NotApplicableIV.Quarterlyfinancialstatements
(1)Typeofauditor’sopinions
□Applicable√NotApplicable
(2)Financialstatements
ConsolidatedBalanceSheetAsatSeptember30,2025Preparedby:XiamenXiangyuCo.,Ltd.
Unit:YuanCurrency:RMBTypeofAudit:Unaudited
| Item | September30,2025 | December31,2024 |
| Currentassets: | ||
| Cashandcashequivalents | 22,836,908,207.85 | 18,605,821,359.60 |
| Depositreservationforbalance | ||
| LendingtoBanksandOtherFinancialInstitutions | ||
| Held-for-tradingfinancialassets | 1,604,346,412.55 | 319,499,110.68 |
| Derivativefinancialassets | 342,964,280.72 | 618,797,267.20 |
| Notesreceivable | 851,022,003.78 | 482,753,845.83 |
| Accountsreceivable | 15,664,928,214.29 | 18,901,834,463.18 |
| Financingofreceivables | 968,098,858.07 | 339,346,314.84 |
| Prepayments | 21,313,969,664.73 | 19,889,261,758.67 |
| Premiumsreceivable | ||
| Reinsuranceaccountsreceivable | ||
| Provisionofcessionreceivable | ||
| Otherreceivables | 6,010,985,837.24 | 3,950,598,289.43 |
| Including:Interestsreceivable | ||
| Dividendsreceivable | 18,703,933.36 | |
| Redemptorymonetarycapitalforsale | ||
| Inventories | 28,380,471,710.50 | 26,426,841,851.12 |
| Including:dataresources | ||
| Contractassets | 888,690,418.81 | 753,118,265.09 |
| Held-for-saleassets | ||
| Non-currentassetsduewithinoneyear | 3,657,757,690.05 | 3,468,640,719.61 |
| Othercurrentassets | 5,147,960,214.11 | 4,443,656,642.21 |
| Totalcurrentassets | 107,668,103,512.70 | 98,200,169,887.46 |
| Non-currentassets: | ||
| Loanandadvanceincash | ||
| Investmentincreditor’sright | ||
| Otherinvestmentsincreditor’sright | ||
| Long-termreceivables | 2,701,035,496.98 | 6,172,751,596.39 |
| Long-termequityinvestment | 1,663,893,729.96 | 1,650,398,710.17 |
| Investmentinotherequityinstruments | 567,448,214.88 | |
| Othernon-currentfinancialassets | 36,344,214.85 | 47,957,795.28 |
| Investmentproperties | 1,479,969,225.71 | 1,338,189,879.74 |
| Fixedassets | 10,198,446,742.86 | 10,361,429,132.55 |
| Constructioninprogress | 169,289,517.83 | 424,845,983.17 |
| Productivebiologicalassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 453,348,915.42 | 489,381,755.34 |
| Intangibleassets | 2,135,929,060.09 | 2,170,629,697.71 |
| Including:dataresources | ||
| Developmentexpenditure | 27,781,667.85 | 17,180,447.49 |
| Including:dataresources | ||
| Goodwill | 12,669,186.90 | 12,669,186.90 |
| Long-termunamortizedexpenses | 125,766,935.71 | 128,958,385.34 |
| Deferredincometaxassets | 2,727,949,306.26 | 2,514,453,030.10 |
| Othernon-currentassets | 248,918,760.13 | 343,648,981.88 |
| Totalnon-currentassets | 22,548,790,975.43 | 25,672,494,582.06 |
| Totalassets | 130,216,894,488.13 | 123,872,664,469.52 |
| Currentliabilities: | ||
| Short-termborrowing | 17,415,536,236.99 | 24,078,655,699.36 |
| Borrowingsfromcentralbank | ||
| Loansfromotherbanksandotherfinancialinstitutions | ||
| Tradingfinancialliabilities | 16,164,777.39 | |
| Derivativefinancialliabilities | 862,454,348.84 | 711,242,929.00 |
| Notespayable | 37,775,447,540.54 | 30,183,976,411.89 |
| Accountspayable | 11,868,797,537.47 | 12,440,953,178.40 |
| Accountcollectedinadvance | 38,423,485.03 | 34,737,066.50 |
| Contractliabilities | 14,057,137,303.42 | 10,525,638,744.07 |
| Financialassetssoldforrepurchase | ||
| Depositsfromcustomersandinterbank | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Payrollpayable | 1,154,643,071.20 | 1,236,036,229.34 |
| Taxespayable | 575,959,659.75 | 841,265,101.72 |
| Otherpayables | 2,111,000,910.85 | 2,452,321,615.81 |
| Including:Interestspayable | ||
| Dividendspayable | 191,377,171.62 | 296,350,482.61 |
| Handlingchargesandcommissionspayable | ||
| Accountspayableforreinsurance | ||
| Held-for-saleliabilities | ||
| Non-currentliabilitiesduewithinoneyear | 2,442,194,577.79 | 807,921,023.48 |
| Othercurrentliabilities | 1,079,602,877.32 | 1,167,071,906.80 |
| Totalcurrentliabilities | 89,397,362,326.59 | 84,479,819,906.37 |
| Non-currentliabilities: | ||
| Provisionforinsurancecontracts | ||
| Long-termborrowings | 2,457,499,834.10 | 1,820,072,396.62 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 302,165,949.99 | 323,642,079.50 |
| Long-termpayables | 24,780,806.22 | 149,667,149.32 |
| Long-termpayrollpayable | 586,677,251.94 | 567,838,110.78 |
| Estimatedliabilities | 12,343,292.28 | 13,769,427.10 |
| Deferredincome | 263,257,132.16 | 255,310,577.01 |
| Deferredincometaxliabilities | 94,843,009.82 | 103,801,283.72 |
| Othernon-currentliabilities | 27,659,397.25 | 1,430,000,000.00 |
| Totalnon-currentliabilities | 3,769,226,673.76 | 4,664,101,024.05 |
| Totalliabilities | 93,166,589,000.35 | 89,143,920,930.42 |
| Owner’sequity(orshareholders’equity): | ||
| Paid-upcapital(orcapitalstock) | 2,768,963,339.00 | 2,233,063,057.00 |
| Otherequityinstruments | 14,265,000,000.00 | 10,113,300,000.00 |
| Including:Preferredshares | ||
| Perpetualbonds | 14,265,000,000.00 | 10,113,300,000.00 |
| Capitalreserve | 6,040,306,374.54 | 4,090,531,787.90 |
| Less:Treasurystock | 711,864,677.54 | 164,957,998.88 |
| Othercomprehensiveincome | 327,181,792.60 | 358,056,288.47 |
| Appropriativereserve | 182,687.91 | |
| Surplusreserve | 897,461,023.93 | 897,461,023.93 |
| Generalriskreserve | ||
| Undistributedprofits | 6,878,495,609.67 | 6,294,357,106.24 |
| Totalowner’sequity(orshareholders’equity)attributabletoparentcompany | 30,465,726,150.11 | 23,821,811,264.66 |
| Minorityequity | 6,584,579,337.67 | 10,906,932,274.44 |
| Totalowner’sequity(orshareholders’equity) | 37,050,305,487.78 | 34,728,743,539.10 |
| Totalliabilitiesandowner’sequity(orshareholders’equity) | 130,216,894,488.13 | 123,872,664,469.52 |
PersoninchargeofCompany:WuJiePersoninchargeoffinancialaffairs:SuZhuquanLeadingmemberofaccountingbody:LinJing
ConsolidatedIncomeStatement
January–September2025Preparedby:XiamenXiangyuCo.,Ltd.
Unit:YuanCurrency:RMBTypeofAudit:Unaudited
| Item | FirstThreeQuarters(January–September)of2025 | FirstThreeQuarters(January–September)of2024 |
| I.Totaloperatingrevenue | 316,864,716,075.74 | 297,698,649,026.93 |
| Including:Operatingrevenue | 316,864,716,075.74 | 297,698,649,026.93 |
| Interestincome | ||
| Insurancepremiumearned | ||
| Handlingchargesandcommissionsincome | ||
| II.Totaloperatingcost | 314,812,295,164.67 | 296,192,097,809.43 |
| Including:Operatingcost | 310,851,681,601.14 | 291,685,130,768.65 |
| Interestexpense | ||
| Handlingchargeandcommissionsexpense | ||
| Surrendervalue | ||
| Netpaymentofinsuranceclaims | ||
| Netprovisionininsurancereserve | ||
| Policydividend | ||
| Amortizedreinsuranceexpenditures | ||
| Taxesandsurcharges | 362,262,287.58 | 340,877,223.69 |
| Sellingexpenses | 1,567,383,597.35 | 1,572,360,323.28 |
| Administrativeexpenses | 1,063,114,907.50 | 935,218,119.11 |
| Research&developmentexpense | 60,794,253.41 | 55,413,246.97 |
| Financialexpense | 907,058,517.69 | 1,603,098,127.73 |
| Including:Interestexpense | 615,447,236.47 | 949,037,881.08 |
| Interestincome | 367,365,970.49 | 254,123,964.38 |
| Add:Otherincome | 394,098,564.47 | 353,383,464.48 |
| Incomefrominvestment(Losstobefilledinwith“-”) | 78,844,174.50 | 351,828,225.75 |
| Including:Incomefrominvestmentinassociatedenterpriseandjointventure | 154,954,625.61 | 206,523,622.19 |
| Incomefromderecognitionoffinancialassetsmeasuredatamortizedcost | -1,767,379.40 | -16,002,875.89 |
| Profitorlossonexchange(Losstobefilledinwith“-”) | ||
| Netprofitonexposurehedging(Losstobefilledinwith“-”) | ||
| Incomefromchangeinfairvalue(Losstobefilledinwith“-”) | 181,905,639.52 | 117,714,363.64 |
| Lossoncreditimpairment(Losstobefilledinwith“-”) | -109,897,042.79 | -588,623,167.38 |
| Assetimpairmentloss(Losstobefilledinwith“-”) | -175,808,901.59 | -191,879,149.30 |
| Incomefromdisposalofassets(Losstobefilledinwith“-”) | -2,051,496.02 | -6,224,564.66 |
| III.Operatingprofit(Losstobefilledinwith“-”) | 2,419,511,849.16 | 1,542,750,390.03 |
| Add:Non-operatingincome | 192,776,127.34 | 166,301,889.41 |
| Less:Non-operatingexpense | 64,600,824.71 | 89,106,096.45 |
| IV.Totalprofits(Totallossestobefilledinwith“-”) | 2,547,687,151.79 | 1,619,946,182.99 |
| Less:Incometaxexpense | 443,081,763.43 | 169,787,609.89 |
| V.Netprofit(Netlosstobefilledinwith“-”) | 2,104,605,388.36 | 1,450,158,573.10 |
| (I)Classifiedbysustainabilityoperation | ||
| 1.Netprofitfromsustainableoperation(Netlosstobefilledinwith“-”) | 2,104,605,388.36 | 1,450,158,573.10 |
| 2.Netprofitfromdiscontinuedoperation(Netlosstobefilledinwith“-”) | ||
| (II)Classifiedbyattributionofownership | ||
| 1.Netprofitattributabletotheshareholdersoftheparentcompany(Netlosstobefilledinwith“-”) | 1,633,367,547.82 | 889,756,906.37 |
| 2.Minorityinterestincome(Netlosstobefilledinwith“-”) | 471,237,840.54 | 560,401,666.73 |
| VI.Net-of-taxothercomprehensiveincome | -44,790,895.77 | -91,012,332.13 |
| (I)Net-of-taxothercomprehensiveincomeattributabletotheparentcompany | -30,874,495.87 | -90,937,513.59 |
| 1.Othercomprehensiveincomethatcannotbereclassifiedasprofitandloss | 208,442,343.23 | |
| (1)Amountofchangesinre-measurementofdefinedbenefitplans | ||
| (2)Othercomprehensiveincomethatcannotbetransferredtoprofitandlossundertheequitymethod | ||
| (3)Changeinfairvalueofotherinvestmentsinequityinstruments | 208,442,343.23 | |
| (4)Changesinfairvalueofenterprise’sowncreditrisk | ||
| 2.Othercomprehensiveincometobereclassifiedasprofitandincome | -239,316,839.10 | -90,937,513.59 |
| (1)Othercomprehensiveincomethatcanbetransferredtoprofitandlossundertheequitymethod | -7,721,234.73 | -25,821.15 |
| (2)Changesinfairvalueofotherinvestmentsonbonds | ||
| (3)Amountoffinancialassetsreclassifiedandincludedinothercomprehensiveincome | ||
| (4)Provisionforcreditimpairmentofotherinvestmentsinbonds | ||
| (5)Reserveforcashflowhedge | -136,419,147.58 | -24,045,049.05 |
| (6)Translationdifferenceofforeigncurrencyfinancialstatements | -95,176,456.79 | -66,866,643.39 |
| (7)Others | ||
| (II)Net-of-taxothercomprehensiveincomeattributabletotheminority | -13,916,399.90 | -74,818.54 |
| VII.Totalcomprehensiveincome | 2,059,814,492.59 | 1,359,146,240.97 |
| (I)Totalcomprehensiveincomeattributabletotheownersoftheparentcompany | 1,602,493,051.95 | 798,819,392.78 |
| (II)Totalcomprehensiveincomeattributabletotheminority | 457,321,440.64 | 560,326,848.19 |
| VIII.Earningspershare: | ||
| (I)Basicearningspershare(Yuan/share) | 0.49 | 0.28 |
| (II)Dilutedearningspershare(Yuan/share) | 0.49 | 0.28 |
Incaseofthemergerofenterprisesunderthesamecontroloccurringinthecurrentperiod,thenetprofitrealizedbythemergedpartybeforethemergershallbeRMB0.00,andthenetprofitrealizedbythemergedpartyinthepreviousperiodshallbeRMB0.00.PersoninchargeofCompany:WuJiePersoninchargeoffinancialaffairs:SuZhuquanLeadingmemberofaccountingbody:LinJing
ConsolidatedCashFlowStatement
January–September,2025Preparedby:XiamenXiangyuCo.,Ltd.
Unit:YuanCurrency:RMBTypeofAudit:Unaudited
| Item | FirstThreeQuarters(January–September)of2025 | FirstThreeQuarters(January–September)of2024 |
| I.Cashflowfromoperatingactivities: | ||
| Cashreceivingfromsalesofgoodsandrenderingofservices | 344,623,904,314.49 | 325,728,845,048.28 |
| Netincreaseincustomerdepositanddepositfromotherbanks | ||
| Netincreaseinborrowingfromcentralbank | ||
| Netincreaseinfundsborrowedfromotherfinancialinstitutions | ||
| Cashobtainedbyreceiptofpremiumsfromoriginalinsurancecontracts | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseindepositofinsuredandinvestment | ||
| Cashreceivedfrominterests,handlingcharges,andcommissions | ||
| Netincreaseinloansfromotherbanksandotherfinancialinstitutions | ||
| Netincreaseinfundsforrepurchasebusiness | ||
| Netcashreceivedfromactingtradingsecurities | ||
| Refundoftaxreceived | 1,038,385,795.62 | 876,933,125.29 |
| Othercashreceivedinrelationtooperatingactivities | 3,413,913,677.92 | 2,251,954,381.85 |
| Subtotalofcashinflowfromoperatingactivities | 349,076,203,788.03 | 328,857,732,555.42 |
| Cashpaidforgoodsandservices | 333,461,951,023.28 | 321,183,579,569.61 |
| Netincreaseincustomerloansandadvances | ||
| NetincreaseindepositintheCentralBankandotherbanks | ||
| Cashpaidforclaimsundertheoriginalinsurancecontract | ||
| Netincreaseinlendingtobanksandotherfinancialinstitutions | ||
| Cashpaidforinterest,handlingcharges,andcommissions | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtoandfortheemployees | 1,881,612,770.96 | 1,781,336,712.78 |
| Taxespaid | 2,161,289,496.76 | 1,518,120,782.19 |
| Othercashpaidinrelationtooperatingactivities | 4,447,752,134.88 | 3,859,352,336.07 |
| Subtotalofcashoutflowfromoperatingactivities | 341,952,605,425.88 | 328,342,389,400.65 |
| Netcashflowfromoperatingactivities | 7,123,598,362.15 | 515,343,154.77 |
| II.Cashflowfrominvestmentactivities | ||
| Cashreceivingfrominvestmentwithdrawal | 5,812,398,209.84 | 5,499,375,956.76 |
| Cashreceivingfromreturnoninvestment | 81,421,478.31 | 86,460,877.27 |
| Netamountofcashreceivingfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 162,203,491.13 | 90,333,478.14 |
| Netamountofcashreceivingfromdisposalofsubsidiaryandotherbusinessunit | 36,341,199.79 | |
| Othercashreceivingrelatedtoinvestmentactivities | ||
| Subtotalofcashinflowfrominvestmentactivities | 6,056,023,179.28 | 5,712,511,511.96 |
| Cashpaidtoacquirefixedassets,intangible | 814,011,326.10 | 1,435,043,912.96 |
| assets,andotherlong-termassets | ||
| Cashpaidtoacquireinvestment | 6,070,265,187.44 | 4,735,189,863.36 |
| Netincreaseinpledgeloan | ||
| Netamountofcashpaidtoacquiresubsidiaryandotherbusinessunit | ||
| Othercashpaidrelatedtoinvestmentactivities | 102,349,975.03 | |
| Subtotalofcashoutflowfrominvestmentactivities | 6,884,276,513.54 | 6,272,583,751.35 |
| Netcashflowfrominvestmentactivities | -828,253,334.26 | -560,072,239.39 |
| III.Cashflowfromfinancingactivities: | ||
| Cashreceivedfrominvestmentbyothers | 11,844,524,887.55 | 5,107,877,248.12 |
| Including:Cashreceivedfromsubsidiaryinvestmentsfromminorityshareholders | 496,164,300.00 | 574,521,323.12 |
| Cashreceivingfromborrowings | 59,897,524,666.04 | 67,596,939,888.32 |
| Othercashreceivingrelatedtofinancingactivities | 2,050,838,146.10 | 1,736,191,982.88 |
| Subtotalofcashinflowfromfinancingactivities | 73,792,887,699.69 | 74,441,009,119.32 |
| Cashpaidforrepaymentofdebt | 65,083,126,338.61 | 66,592,119,283.30 |
| Cashpaidfordistributionofdividend,profitorpaymentofinterest | 2,054,837,783.19 | 2,385,350,324.82 |
| Including:Dividendandprofitpaidbysubsidiarytominorityshareholders | 349,303,095.48 | 603,438,070.62 |
| Othercashpaidrelatingtofinancingactivities | 11,093,187,033.35 | 7,786,612,281.31 |
| Subtotalofcashoutflowfromfinancingactivities | 78,231,151,155.15 | 76,764,081,889.43 |
| Netcashflowfromfinancingactivities | -4,438,263,455.46 | -2,323,072,770.11 |
| IV.Effectofexchangeratechangesoncashandcashequivalents | -95,205,252.29 | -148,835,832.19 |
| V.Netincreaseincashandcashequivalents | 1,761,876,320.14 | -2,516,637,686.92 |
| Add:Beginningbalanceofcashandcashequivalents | 16,686,493,830.09 | 19,501,933,090.88 |
| VI.Endingbalanceofcashandcashequivalents | 18,448,370,150.23 | 16,985,295,403.96 |
PersoninchargeofCompany:WuJiePersoninchargeoffinancialaffairs:SuZhuquanLeadingmemberofaccountingbody:LinJing
Theimplementationofnewaccountingstandardsorthenewinterpretationstotheaccountingstandardssince2025involvestheadjustmentofthefinancialstatementsatthebeginningoftheyearwhentheyareimplementedforthefirsttime.
□Applicable√NotApplicableItisherebyannounced.
TheBoardofDirectorsofXiamenXiangyuCo.,Ltd.
October30,2025