trading opportunities. Moreover, if the trading operator fails to fully understand the terms of transaction contracts or product information, the Group will face the legal risks and transaction losses therefrom. Measures taken for risk control: 1. Basic management principles: the Group strictly follows the hedging principle and the main purpose of locking costs and avoiding risks. It is required that the financial derivatives business to be carried out matches the variety, size, direction and duration of spot goods, and no speculative trading should be involved. In the selection of hedging instruments, only simple financial derivatives that are closely related to the main business operation and meet the requirements of hedge accounting treatment should be selected, and avoid complex business that exceeds the prescribed business scope or is difficult to recognize in terms of risk and pricing; 2. The Group has formulated a special risk management system tailored to the risk characteristics of the financial derivatives business, covering all key aspects such as pre-emptive prevention, in-process monitoring and post-processing. Professional personnel are rationally arranged for investment decision-making, business operations and risk control. Investment participants are required to fully understand the risks of financial derivatives investment and strictly implement the business operations and risk management systems of derivatives. Before starting the derivatives business, the holding company must submit to the management department of the Group detailed business reports including its internal approval, main product terms, operational necessity, preparations, risk analysis, risk management strategy, fair value analysis and accounting methods, and special summary reports on business operated. Operations can be implemented only after getting opinions from the professional department of the Group; 3. Relevant departments should track the changes in the open market price or fair value of financial derivatives, timely assess the risk exposure changes of invested financial derivatives, and make reports to the board of directors on business development; 4. When the combined impairment of the fair value of derivatives and changes in the value of the assets (if any) used for risk hedging by the Group results in a total loss or floating loss amounting to 10% of the recently audited net assets of the Company, and the absolute amount exceeds RMB10 million, the Group will disclose it in a timely manner.
Premium income
Unit: share
China Securities Finance Corporation LimitedDomestic general legal person2.76373,231,553
Reinsurance receivables
Specific reserve
Total equity attributable to owners of the Company as the parent30,393,949,636.0030,111,946,237.00
Unit: RMB’0,000
Use rights assets
Meeting of the 6
Notes payable1,720,401,552.001,720,401,552.00
Payments for claims on original insurance contracts
Deferred income tax liabilities952,554,433.00952,677,822.00
Accounts receivable8,340,353,992.008,340,353,992.00
3. Profit before tax (“-” for loss)873,893,858.0081,386,006.00
Industrial finance &
Net increase in deposits in the central bank and in interbank loans granted-202,132,448.00-73,444,006.00
Cash generated from other investing activities
Other income620,518,501465,016,95833.4%Increase in subsidies for R&D
Handling charges and commissions payable
nd
Notes receivable123,291,567228,941,977-46.1%Collection of payments
Add: Other income4,807,000.003,481,500.00
Other equity instruments
Net increase in pledged loans granted
Announcement on Intended Capital Increase to TCL CSOT31 March 2020
Capital contributions received2,260,200,000.001,717,989,160.00
R&D expense1,548,470,972.001,548,470,972.00
Deferred income tax assets899,537,907.00840,874,034.00
Administrative expense321,790,541.00900,923,674.00
Progress of any share repurchase:
ItemQ1 2020Q1 2019
Dividends payable11,058,239.0011,058,225.00
Derivative financial liabilities5,980,760.00
thMeeting ofthe 6
Less: Income tax expense
Selling expense5,539,685.007,861,046.00
Other non-current assets
Subtotal of cash used in financing activities8,236,477,338.0011,500,026,756.00
6.2.6 Differences arising from the translation of foreign currency-denominated financial statements-88,857,288.00373,035,904.00
□ Applicable ■ Not applicable
6. Other comprehensive income, net of tax-201,191,608.00360,421,531.00
Dividends payable11,058,225.0011,058,225.00
Asset impairment loss (“-” for loss)
Unit: RMB
Derivative financial liabilities164,796,874.0084,704,591.00
Accounts receivable financing
Subtotal of cash generated from operating activities8,531,246,209.006,984,040,989.00
Including: Share of profit or loss of joint ventures and associates300,625,432.00233,511,429.00
t6 projectThe generation 11 (or G11) new TFT-LCD production line of TCL CSOT
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties,Acquirers, the Company Itself or Other Parties, Failed to Fulfill on Time during theReporting Period
Held-for-trading financial assets2,969,105,570.002,969,105,570.00
2. Cash flows from investing activities:
Notes receivable228,941,977.00228,941,977.00
Net increase in proceeds from repurchase transactions
Other payables12,293,565,901.0012,293,565,901.00
Taxes payable9,821,553.0010,354,865.00
Settlement reserve
Investments in debt obligations
Other non-current assets5,619,189,2514,250,658,88732.2%Increase in prepayments for equipment
Perpetual bonds
Item31 December 20191 January 2020Adjustment
Legal representative: Li Dongsheng Person-in-charge of financial affairs: Du JuanPerson-in-charge of the financial department: Xi Wenbo
Finance costs384,913,273.00309,514,284.00
Held-for-trading financial assets3,254,410,434.002,969,105,570.00
Other receivables17,874,324,003.0017,129,473,443.00
712 Corp.Tianjin 712 Communication & Broadcasting Co., Ltd. (stock code: 603712.SH), with the Company holding a 19.07% interest as its second largest shareholder
□ Applicable ■ Not applicable
Contractual assets
VIII Communications with the Investment Community such as Researches, Inquiries andInterviews during the Reporting Period
Other equity instruments
Net increase in loans from other financial institutions100,000,000.00
7.1 Basic earnings per share0.06760.0060
II Adjustments to the Financial Statements
Item31 December 20191 January 2020Adjustment
Total liabilities48,466,555,888.0035,956,491,432.00
Policy dividends paid
Owners’ equity attributable to the listed company’s shareholders (RMB)30,393,949,63630,111,946,2370.94
Deferred income44,414,600.0051,561,600.00
Other comprehensive income-670,059,091.00-534,081,855.00
Held-for-trading financial assets9,343,312,655.006,074,750,918.00
Total1,049,069--616,0931,068,556675,056-7,917979,412----
6. Cash Flow Statement of the Company as the Parent
Part V Financial StatementsI Financial Statements
Long-term equity investments39,297,272,437.0039,297,272,437.00
Prepayments364,422,948.00364,422,948.00
Non-current liabilities:
Dividends receivable5,771,104.00
R&D expense22,086,746.0013,988,515.00
Non-current assets:
Long-term prepaid expense452,021,127.00454,968,882.00
Attributable to owners of the Company as the parent-135,977,236.00182,670,669.00
Perpetual bonds
3. Cash flows from financing activities:
Add: Other income620,518,501.00465,016,958.00
□ Applicable ■ Not applicable
China Securities Finance Corporation Limited373,231,553RMB-denominated ordinary stock373,231,553
Productive living assets
Held-for-trading financial assets6,074,750,918.006,074,750,918.00
Payables for acting trading of securities
Productive living assets
Provisions
Investments in other debt obligations