Securities Code:002001 Securities Abbr:NHU
Zhejiang NHU Company Ltd.Q3 2024 Report
The Company and whole members of the BOD guarantee that the information disclosed is
authentic accurate complete and free from any false records misleading statements or significant
omissions.Important Content Reminder:
1. The Board of Directors Board of Supervisors directors supervisors and senior executives of
Zhejiang NHU Company Ltd. (hereinafter referred to as the “Company”) hereby guarantee that
the information presented in this report is authentic accurate complete and free of any false
records misleading statements or material omissions and they will bear joint and several
liabilities for such information.
2. The Company’s legal representative the person in charge of finance and accounting work and
the person in charge of accounting institution (Accounting Officer) hereby declare and warrant
that the financial statements in this report are authentic accurate and complete.
3. Whether the Third Quarterly Report has been audited or not
□ Yes √ No
Note:
This Report has been prepared in both Chinese and English version and the English version is for
reference only. Should there be any discrepancies or misunderstandings between the two versions
the Chinese versions shall prevail. The complete published Chinese Third Quarterly Report may
be obtained at www.cninfo.com.cn.
1Securities Code:002001 Securities Abbr:NHU
Section Ⅰ Key Accounting Data
Ⅰ Key Accounting Data and Financial Indicators
Whether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not
□ Yes √ No
Items Q3 2024 YoY Change(%) Q1-Q3 2024 YoY Change(%)
Operating revenue (yuan) 5937027231.87 65.21% 15781739446.23 43.31%
Net profit attributable to
shareholders of listed 1785157145.05 188.87% 3989518788.01 89.87%
company (yuan)
Net profit attributable to
shareholders of listed
1724718549.44199.77%3882181017.1499.03%
company after deducting non-
recurring profit or loss (yuan)
Net cash flows from operating
——4576730480.4374.33%
activities (yuan)
Basic EPS (yuan/share) 0.58 190.00% 1.29 89.71%
Diluted EPS (yuan/share) 0.58 190.00% 1.29 89.71%
Increase 4.21 Increase 6.70%
Weighted average ROE 6.64% 15.22%
percentage points percentage points
Items September 30 2024 December 31 2023 Change(%)
Total assets (yuan) 41532120961.65 39156246864.67 6.07%
Net assets attributable to
shareholders of listed 27459182571.48 24804662320.99 10.70%
company (yuan)
II Non-recurring gains and losses for this period
√ Applicable □ Not applicable
Unit: RMB
Item Q3 2024 Q1-Q3 2024
Gains or losses on disposal of non-current assets including
-691176.67-1819619.21
write-off of provision for impairment
Government grants included in profit or loss (excluding
those closely related to operating activities of the
Company satisfying government policies and regulations 39570519.38 99388971.04
and continuously enjoyed with certain quantity or quota
based on certain standards)
Gains or losses on changes in fair value of held-for-trading
financial assets and held-for-trading financial liabilities
and investment income from disposal of held-for-trading
5221539.61775679.12
financial assets and held-for-trading financial liabilities
excluding those arising from hedging business related to
operating activities
2Securities Code:002001 Securities Abbr:NHU
Gains or losses on assets consigned to the third party for
-1631328.60-823199.88
investment or management
Other non-operating revenue or expenditures -691728.99 -894825.62
Other items of profit or loss that meet the definition of
27065053.2627065053.26
non-recurring profit or loss
Less: Enterprise income tax affected 8394503.61 16249271.38
Non-controlling interest affected (after tax) 9778.77 105016.46
Total 60438595.61 107337770.87
Remarks on other profit or loss satisfying the definition of non-recurring profit or loss:
□ Applicable √ Not Applicable
The Company has no other profit or loss satisfying the definition of non-recurring profit or loss.Remarks on defining non-recurring profit or loss listed in the “Interpretation Pronouncement on Information Disclosure Criteria forPublic Companies No. 1 – Non-Recurring Profit or Loss” as recurring profit or loss.□ Applicable √ Not ApplicableThe Company has no situation of defining non-recurring profit or loss listed in the “Interpretation Pronouncement on InformationDisclosure Criteria for Public Companies No. 1 – Non-Recurring Profit or Loss” as recurring profit or loss
III Major Changes of Main Items in Financial Statements and Financial Indicators within the Reporting
Period as well as the Reasons for the Changes
√ Applicable □Not applicable
1.Balance Sheet Position
(1) The closing balance of Cash and bank balances increased by 51.38% compared to the opening balance in this year. It was
mainly due to the increase in operating revenue and the increase in payment collection during the reporting period.
(2) The closing balance of held-for-trading financial assets decreased by 98.53% compared to the opening balance in this year. It
was mainly due to the redemption of bank financial products upon maturity during the reporting period.
(3) The closing balance of Notes receivable increased by 163.62% compared to the opening balance in this year. It was mainly
due to the increase in payment for goods by way of promissory notes during the reporting period.
(4) The closing balance of Accounts receivable increased by 42.31% compared to the opening balance in this year. It was mainly
due to the increase in operating income during the reporting period.
(5) The closing balance of Receivables financing increased by 45.35% compared to the opening balance in this year. It was
mainly due to the increase in payment for goods by way of promissory notes during the reporting period.
(6) The closing balance of Other current assets decreased by 69.14% compared to the opening balance in this year. It was mainly
due to the decrease in value-added tax to be deducted during the reporting period.
3Securities Code:002001 Securities Abbr:NHU
(7) The closing balance of Construction in progress decreased by 61.80% compared to the opening balance in this year. It was
mainly due to the solidification of projects under construction during the reporting period.
(8) The closing balance of Long-term prepayments increased by 211.38% compared to the opening balance in this year. It was
mainly due to the increase in materials invested for amortization during the reporting period.
(9) The closing balance of Deferred tax assets increased by 590.55% compared to the opening balance in this year. It was mainly
due to the increase in provision for deferred income tax as a result of the increase in provision for impairment of assets during the
reporting period.
(10) The closing balance of Notes payable decreased by 49.79% compared to the opening balance in this year. It was mainly due
to the maturity of bankers' acceptances during the reporting period.
(11) The closing balance of Taxes and rates payable increased by 38.44% compared to the opening balance in this year. It was
mainly due to the increase in operating revenue during the reporting period which affected the increase in value-added tax and
enterprise income tax payable.
(12) The closing balance of Other payables decreased by 34.76% compared to the opening balance in this year. It was mainly due
to the decrease in the refund of deposit guarantee and provisional payments receivable during the period under review.
(13) The closing balance of Other current liabilities increased by 38.58% compared to the opening balance in this year. It was
mainly due to the increase in advance receipts of goods during the reporting period which affected the increase in sales tax to be
transferred.
(14) The closing balance of Special reserve increased by 66.73% compared to the opening balance in this year. It was mainly due
to the increase in the provision for production safety expenses during the reporting period.
2. Income Statement Position
(1) Operating revenue in the current Q1-Q3 period increased by 43.31% compared to the same period of last year. It was mainly
due to the increase in volume and price of main products in the nutrition category in the current Q1-Q3 period.
(2) Operating Cost in the current Q1-Q3 period increased by 30.40% compared to the same period of last year. It was mainly due
to the increase in volume of main products in the nutrition category in the current Q1-Q3 period.
(3) Taxes and surcharges in the current Q1-Q3 period increased by 53.26% compared to the same period of last year. It was mainly
due to the increase in city maintenance and construction tax and education surcharge as a result of the increase in operating
revenue in the current Q1-Q3 period.
(4) Financial expenses in the current Q1-Q3 period increased by 202.34% compared to the same period of last year. It was mainly
due to the decrease in foreign exchange gains in the current Q1-Q3 period.
4Securities Code:002001 Securities Abbr:NHU
(5) Other income in the current Q1-Q3 period increased by 43.01% compared to the same period of last year. It was mainly due to
the increase in government grants in the current Q1-Q3 period.
(6) Gains on changes in fair value in the current Q1-Q3 period increased by 107.17% compared to the same period of last year. It
was mainly due to the increase in fair value as a result of exchange rate fluctuations in the current Q1-Q3 period.
(7) Credit impairment loss in fair value in the current Q1-Q3 period increased by 525.35% compared to the same period of last
year. It was mainly due to the increase in credit impairment losses provided for changes in accounts receivable in the current Q1-
Q3 period.
(8) Assets impairment loss in fair value in the current Q1-Q3 period decreased by 79.75% compared to the same period of last year.
It was mainly due to the decrease in impairment losses on assets due to fluctuations in market prices of products in the current
Q1-Q3 period.
(9) Gains on asset disposal in fair value in the current Q1-Q3 period decreased by 111.63% compared to the same p eriod of last
year. It was mainly due to the decrease in assets disposed in the current Q1-Q3 period.
(10) Non-operating expenditures in fair value in the current Q1-Q3 period increased by 162.30% compared to the same period of
last year. It was mainly due to the increase in the scrapping of fixed assets in the current Q1-Q3 period.
(11) Income tax in fair value in the current Q1-Q3 period increased by 95.80% compared to the same period of last year. It was
mainly due to the increase in total profit in the current Q1-Q3 period.
3. Cash Flow Statement Position
(1) Net cash flows from operating activities in the current Q1-Q3 period increased by 74.33% compared to the same period of last
year. It was mainly due to the increase in revenue and the rise in payment collection in the current Q1-Q3 period.
(2) Net cash flows from investing activities in the current Q1-Q3 period increased by 64.93% compared to the same period of last
year. It was mainly due to the decrease in expenditure on the purchase and construction of fixed assets in the current Q1-Q3 period.
(3) Net cash flows from financing activities in the current Q1-Q3 period decreased by 328.44% compared to the same period of last
year. It was mainly due to the decrease in bank loans obtained in the current Q1-Q3 period.
(4) Net increase in cash and cash equivalents in the current Q1-Q3 period increased by 627.71% compared to the same period of last
year. It was mainly due to the increase in payment collection and the decrease in expenditure on the purchase and construction of
fixed assets in the current Q1-Q3 period.
5Securities Code:002001 Securities Abbr:NHU
Section Ⅱ Shareholders Information
Ⅰ Total Number of Common Shareholders and Number of Preferred Shareholders with Voting Rights
Recovered and Information about Top 10 Shareholders
Unit: share
Total number of preferred shareholders whose voting
Total number of common shareholders at
84564 rights have been recovered at the end of the reporting 0
the end of the reporting period
period
Information about top 10 shareholders(Excluding lending shares through refinancing)
Shares pledged marked or frozen
Nature of Holding Quantity of Quantity of
Shareholders
shareholders proportion shares restricted shares
Condition Quantity
Domestic non-
NHU Holding Group Co.state-owned 49.80% 1539232431 0 N/A 0
Ltd.legal person
Hong Kong Securities
Overseas legal
Clearing Company 4.11% 127147775 0 N/A 0
person
Limited
National Social Security
Others 1.33% 41000000 0 N/A 0
Fund No.503 Portfolio
Industrial and
Commercial Bank of
China Limited - Huatai-
Others 1.14% 35106321 0 N/A
PineBridge CSI 300
Trading Open-end Index
Fund
Zhejiang NHU Company
Ltd.－Employee stock Others 0.96% 29528181 0 N/A 0
ownership plan phase IV
China Construction Bank
Corporation Limited- E
Fund CSI 300 Medical Others 0.94% 28960377 0 N/A 0
and Health Trading Open-
end Index Fund
China Construction Bank
Corporation Limited-E
fund CSI 300 exchange- Others 0.76% 23552931 0 N/A 0
traded open index initiated
securities investment fund
Shanghai Chongyang
Strategic Investment Co.Others 0.52% 15970264 0 N/A 0
Ltd.－Chongyang
Strategic Huizhi Fund
Industrial and
Commercial Bank of
China Limited - Huaxia
Others 0.48% 14959025 0 N/A 0
CSI 300 exchange-type
open index securities
investment fund
Domestic
Hu Baishan 0.47% 14595929 10946947 N/A 0
natural person
Information about top 10 shareholders without trading restrictions
(Excluding shares lent through refinancing and executive lock up shares)
Category of shares
Shareholders Quantity of non-restricted shares
Category Quantity
RMB ordinary
NHU Holding Group Co. Ltd. 1539232431 1539232431
shares
6Securities Code:002001 Securities Abbr:NHU
Hong Kong Securities Clearing Company RMB ordinary
127147775127147775
Limited shares
National Social Security Fund No.503 RMB ordinary
4100000041000000
Portfolio shares
Industrial and Commercial Bank of China
RMB ordinary
Limited - Huatai-PineBridge CSI 300 35106321 35106321
shares
Trading Open-end Index Fund
Zhejiang NHU Company Ltd.－Employee RMB ordinary
2952818129528181
stock ownership plan phase IV shares
China Construction Bank Corporation
RMB ordinary
Limited- E Fund CSI 300 Medical and 28960377 28960377
shares
Health Trading Open-end Index Fund
China Construction Bank Corporation
Limited-E fund CSI 300 exchange-traded RMB ordinary
2355293123552931
open index initiated securities investment shares
fund
Shanghai Chongyang Strategic Investment
RMB ordinary
Co. Ltd.－Chongyang Strategic Huizhi 15970264 15970264
shares
Fund
Industrial and Commercial Bank of China
RMB ordinary
Limited - Huaxia CSI 300 exchange-type 14959025 14959025
shares
open index securities investment fund
Bank of China. Ltd -Harvest CSI 300
RMB ordinary
exchange-traded open index securities 14556351 14556351
shares
Investment Fund
Among the above shareholders Hu Baishan is the director of NHU Holding Group
Co. Ltd. Due to participating in Employee stock ownership plan phase IV Hu
Explanation on associated relationship or
Baishan formed an association relationship with Zhejiang NHU Company Ltd.－
concerted actions among above
Employee stock ownership plan phase IV. The Company does not know whether other
shareholders
shareholders have relationships and whether they are persons acting in concert as
defined in Administration of the Takeover of Listed Companies Procedures.Shanghai Chongyang Strategic Investment Co. Ltd.－Chongyang Strategic Huizhi
Explanation on top 10 shareholders’
participating in securities margin trading Fund holds 15970264 shares through client account of collateral securities for margin
trading of Guotai Junan Securities Co. Ltd.Note: The Company’s special securities account for repurchase is attributable to the top 10 shareholders who however did no t
participate in the presentation of such balances.Shareholders holding more than 5% of shares top 10 shareholders and top 10 shareholders with unlimited shares in circulation
participating in the lending of shares in the transfer and financing business.√Applicable □Not applicable
Unit: Share
Shareholders with holding proportion over 5% the top 10 shareholders and the top 10 shareholders' participation in securities lending
and borrowing transactions
Shares borrowed for
Holdings in ordinary Shares borrowed for
securities lending at the Holdings in ordinary
account and credit securities lending at the
beginning of the period account and credit account
account at the beginning end of the period and have
Shareholder name and have not yet been at the end of the period
of the period not yet been returned
(full name) returned
Ratio to Ratio to Ratio to Ratio to
Total Total Total Total
total share total share total share total share
quantity quantity quantity quantity
capital capital capital capital
China Construction
Bank Corporation
Limited- E Fund
CSI 300 Medical 22999677 0.74% 252800 0.01% 28960377 0.94% 0 0.00%
and Health Trading
Open-end Index
Fund
7Securities Code:002001 Securities Abbr:NHU
Shareholders with holding proportion over 5% the top 10 shareholders and the top 10 shareholders' participation in securities lending
and borrowing transactions
Shares borrowed for
Holdings in ordinary Shares borrowed for
securities lending at the Holdings in ordinary
account and credit securities lending at the
beginning of the period account and credit account
account at the beginning end of the period and have
Shareholder name and have not yet been at the end of the period
of the period not yet been returned
(full name) returned
Ratio to Ratio to Ratio to Ratio to
Total Total Total Total
total share total share total share total share
quantity quantity quantity quantity
capital capital capital capital
Industrial and
Commercial Bank
of China Limited -
Huatai-PineBridge 11582159 0.37% 35600 0.00% 35106321 1.14% 0 0.00%
CSI 300 Trading
Open-end Index
Fund
China Construction
Bank Corporation
Limited-E fund CSI
300 exchange- 4295231 0.14% 30900 0.00% 23552931 0.76% 0 0.00%
traded open index
initiated securities
investment fund
Industrial and
Commercial Bank
of China Limited -
Huaxia CSI 300 3180561 0.10% 169200 0.01% 14959025 0.48% 0 0.00%
exchange-type open
index securities
investment fund
The top 10 shareholders and the top 10 holders of unlimited shares have experienced changes due to participating in the lending of
shares in the transfer and financing business compared to the previous period.□ Applicable √ Not applicable
II Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders
□ Applicable √Not applicable
Section III Other Significant Events
√Applicable □Not applicable
I Outward investment and signing of the Investment Cooperation Agreement.The company held the sixth meeting of the ninth board of directors on July 17 2024 and convened the first extraordinary general
meeting of shareholders on August 2 2024. Proposal on Outward Investment and Signing of the Investment Cooperation Agreement
was approved and the company agreed to sign the Investment Cooperation Agreement with the Management Committee of Tianjin
Economic and Technological Development Zone to invest in and construct a nylon new material project in the Nangang Industrial
8Securities Code:002001 Securities Abbr:NHU
Zone of Tianjin with a total investment of about 10 billion yuan (subject to the actual investment). For details please refer to the
relevant announcements published by the company on July 18 2024 and August 3 2024 in the designated information disclosure
media and http://www.cninfo.com.cn .II Progress of the Forth Employee Stock Ownership Plan
The fourth phase of the Employee stock ownership Plan of the Company was reviewed and approved by the first extraordinary
general meeting of shareholders in 2023 held on June 26 2023. The forth employee stock ownership plan is managed by the
Company itself and the company's stocks are acquired and held by the Company through the secondary market purchase with a
duration of not more than 24 months. As of September 25 2023 a total of 29528181 shares of the Company have been purchased
under the fourth phase of the employee stock ownership Plan through the secondary market bidding transaction accounting for
0.9553% of the Company's existing total share capital with a total transaction amount of 479442157.08 yuan (excluding transaction
costs). The average transaction price was about 16.2368 yuan per share and the company completed the target stock purchase of the
fourth phase of the employee stock ownership plan. The lock-up period of the underlying shares acquired under the fourth employee
stock ownership plan is 12 months calculated from the date of the Company's announcement of the transfer of the last underlying
shares to the plan from September 26 2023 to September 25 2024. As of September 25 2024 the lock up period of the fourth phase
of the employee stock ownership plan has expired. For details please refer to the Advisory Announcement on the expiration of the
lock up period for the fourth employee stock ownership plan (2024-035) published by the Company on designated information
disclosure media and http://www.cninfo.com.cn.Section Ⅳ Quarterly Financial Statements
Ⅰ Financial statements
1. Consolidated balance sheet
Prepared by Zhejiang NHU Co. Ltd.September 30 2024
Unit: RMB Yuan
Items September 30 2024 January 1 2024
Current assets:
Cash and bank balances 6877834976.38 4543361146.98
Settlement funds
Loans to other banks
Held-for-trading financial assets 2545424.04 173056050.95
Derivative financial assets
Notes receivable 306130028.42 116125267.70
Accounts receivable 3533939894.11 2483266952.88
Receivables financing
482016376.87331634090.61
Advances paid 219027656.26 209274602.05
Premiums receivable
9Securities Code:002001 Securities Abbr:NHU
Items September 30 2024 January 1 2024
Reinsurance accounts receivable
Reinsurance reserve receivable
Other receivables 174244326.39 142060705.67
Including: Interest receivable
Dividend receivable
Financial assets under reverse repo
Inventories 3571946104.14 4318878875.34
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets
21054220.3368232745.03
Total current assets
15188739006.9412385890437.21
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 855629974.63 697145200.08
Other equity instrument investments 21998147.55 22998147.55
Other non-current financial assets
Investment property
Fixed assets
22155526259.0921860082637.13
Construction in progress 619609076.03 1621882507.56
Productive biological assets
Oil & gas assets
Right-of-use assets
5208715.596603631.56
Intangible assets
2504690831.412407560753.82
Including: Data resources
Development expenditures
Including: Data resources
Goodwill
3622704.973622704.97
Long-term prepayments
36424580.7211697961.72
10Securities Code:002001 Securities Abbr:NHU
Items September 30 2024 January 1 2024
Deferred tax assets 4489150.22 650079.18
Other non-current assets 136182514.50 138112803.89
Total non-current assets 26343381954.71 26770356427.46
Total assets 41532120961.65 39156246864.67
Current liabilities:
Short-term borrowings 1570443815.81 1235688062.90
Central bank loans
Loans from other banks
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 175411260.30 349347472.36
Accounts payable 1736907884.06 1930958598.05
Advances received
Contract liabilities 218325989.63 251008240.97
Financial liabilities under repo
Absorbing deposit and interbank
deposit
Deposit for agency security
transaction
Deposit for agency security
underwriting
Employee benefits payable 344704055.52 418273203.88
Taxes and rates payable 417815009.15 301794080.40
Other payables 35013447.82 53671773.90
Including: Interest payable
Dividend payable
Handling fee and commission
payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
1474991230.651564392458.67
year
Other current liabilities
23919851.4017260124.76
Total current liabilities 5997532544.34 6122394015.89
Non-current liabilities:
Insurance policy reserve
Long-term borrowings 6620263191.08 6821643194.58
11Securities Code:002001 Securities Abbr:NHU
Items September 30 2024 January 1 2024
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 3971553.79 5240136.43
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income
1049601667.251065586274.49
Deferred tax liabilities 268458241.73 221675090.41
Other non-current liabilities
Total non-current liabilities 7942294653.85 8114144695.91
Total liabilities
13939827198.1914236538711.80
Equity:
Share capital 3090907356.00 3090907356.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve
3613345485.133613345485.13
Less: Treasury shares 500059711.25 500059711.25
Other comprehensive income 111349993.63 103920732.85
Special reserve 101472776.46 60860818.76
Surplus reserve
1545453678.001545453678.00
General risk reserve
Undistributed profit 19496712993.51 16890233961.50
Total equity attributable to the parent
27459182571.4824804662320.99
company
Non-controlling interest 133111191.98 115045831.88
Total equity 27592293763.46 24919708152.87
Total liabilities & equity 41532120961.65 39156246864.67
Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: He Jiangyong
12Securities Code:002001 Securities Abbr:NHU
2. Consolidated income statement for Q1-Q3
Unit: RMB Yuan
Items Q1~Q3 2024 Q1~Q3 2023
I. Total operating revenue 15781739446.23 11012182404.49
Including: Operating revenue
15781739446.2311012182404.49
Interest income
Premiums earned
Revenue from handling charges and commission
II. Total operating cost 11168127903.08 8613037482.05
Including: Operating cost 9542295372.45 7317660311.35
Interest expenses
Handling charges and commission expenditures
Surrender value
Net payment of insurance claims
Net provision of insurance policy reserve
Premium bonus expenditures
Reinsurance expenses
Taxes and surcharges 160042208.27 104426959.89
Selling expenses 134660406.09 112299932.75
Administrative expenses 448966347.67 404120702.31
R&D expenses 750191079.58 630879477.56
Financial expenses 131972489.02 43650098.19
Including: Interest expenses 207500271.37 238838965.10
Interest income 88226976.49 108442251.78
Add: Other income 204181592.96 142770997.45
Investment income (or less: losses) 42313966.93 47120519.14
Including: Investment income from associates and
19759145.8636739427.92
joint ventures
Gains from derecognition of financial
assets at amortized cost
Gains on foreign exchange (or less: losses)
Gains on net exposure to hedging risk (or less: losses)
Gains on changes in fair value (or less: losses) 775679.12 -10812005.69
Credit impairment loss -62852250.50 14776432.74
Assets impairment loss -20401891.12 -100765005.00
Gains on asset disposal (or less: losses)
-1819619.2115642367.20
13Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2024 Q1~Q3 2023
III. Operating profit (or less: losses) 4775809021.33 2507878228.28
Add: Non-operating revenue 4840258.61 4743937.00
Less: Non-operating expenditures 6956098.91 2652955.45
IV. Profit before tax (or less: total loss) 4773693181.03 2509969209.83
Less: Income tax
765133595.85390773634.12
V. Net profit (or less: net loss) 4008559585.18 2119195575.71
(I) Categorized by the continuity of operations
1. Net profit from continuing operations (or less: net loss) 4008559585.18 2119195575.71
2. Net profit from discontinued operations (or less: net loss)
(II) Categorized by the portion of equity ownership
1. Net profit attributable to owners of parent company 3989518788.01 2101209064.57
2. Net profit attributable to non-controlling shareholders 19040797.17 17986511.14
VI. Other comprehensive income after tax 6453823.71 26702749.15
Items attributable to the owners of the parent company 7429260.78 23939260.33
(I) Not to be reclassified subsequently to profit or loss
1. Changes in remeasurement on the net defined benefit
plan
2. Items under equity method that will not be reclassified
to profit or loss
3. Changes in fair value of other equity instrument
investments
4. Changes in fair value of own credit risk
5. Others
(II) To be reclassified subsequently to profit or loss 7429260.78 23939260.33
1. Items under equity method that may be reclassified to
profit or loss
2. Changes in fair value of other debt investments
3. Profit or loss from reclassification of financial assets
into other comprehensive income
4. Provision for credit impairment of other debt
investments
5. Cash flow hedging reserve
6. Translation reserve 7429260.78 23939260.33
7. Others
Items attributable to non-controlling shareholders -975437.07 2763488.82
VII. Total comprehensive income 4015013408.89 2145898324.86
Items attributable to the owners of the parent company
3996948048.792125148324.90
Items attributable to non-controlling shareholders 18065360.10 20749999.96
14Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2024 Q1~Q3 2023
VIII. Earnings per share (EPS):
(I) Basic EPS (yuan per share) 1.29 0.68
(II) Diluted EPS (yuan per share) 1.29 0.68
Net profit realized by the combined party in business combination under common control before the business combination in the
current period was 0.00 yuan and net profit realized by the combined party in the previous period was 0.00 yuan.Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: He Jiangyong
3.Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB Yuan
Items Q1~Q3 2024 Q1~Q3 2023
I. Cash flows from operating activities:
Cash receipts from sale of goods or rendering of services 14208584079.52 11802768128.21
Net increase of client deposit and interbank deposit
Net increase of central bank loans
Net increase of loans from other financial institutions
Cash receipts from original insurance contract premium
Net cash receipts from reinsurance
Net increase of policy-holder deposit and investment
Cash receipts from interest handling charges and commission
Net increase of loans from others
Net increase of repurchase
Net cash receipts from agency security transaction
Receipts of tax refund 504347584.09 743080725.01
Other cash receipts related to operating activities 240289766.80 270041812.98
Subtotal of cash inflows from operating activities 14953221430.41 12815890666.20
Cash payments for goods purchased and services received 7336303377.94 7719463280.93
Net increase of loans and advances to clients
Net increase of central bank deposit and interbank deposit
Cash payments for insurance indemnities of original insurance
contracts
Net increase of loans to others
Cash payments for interest handling charges and commission
Cash payments for policy bonus
Cash paid to and on behalf of employees 1617381639.35 1503644860.82
Cash payments for taxes and rates 1122310348.10 683715624.20
15Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2024 Q1~Q3 2023
Other cash payments related to operating activities 300495584.59 283711122.55
Subtotal of cash outflows from operating activities 10376490949.98 10190534888.50
Net cash flows from operating activities 4576730480.43 2625355777.70
II. Cash flows from investing activities:
Cash receipts from withdrawal of investments
1000000.00
Cash receipts from investment income 16201616.44 46685586.31
Net cash receipts from the disposal of fixed assets intangible
168096.15151506.85
assets and other long-term assets
Net cash receipts from the disposal of subsidiaries & other
80930328.36
business units
Other cash receipts related to investing activities 145000000.00 826629111.67
Subtotal of cash inflows from investing activities
243300040.95873466204.83
Cash payments for the acquisition of fixed assets intangible
1094155338.303324737687.35
assets and other long-term assets
Cash payments for investments 155675400.17 239046899.46
Net increase of pledged borrowings
Net cash payments for the acquisition of subsidiaries & other
business units
Other cash payments related to investing activities 180000000.00
Subtotal of cash outflows from investing activities 1249830738.47 3743784586.81
Net cash flows from investing activities
-1006530697.52-2870318381.98
III. Cash flows from financing activities:
Cash receipts from absorbing investments 1937026.75
Including: Cash received by subsidiaries from non-
1937026.75
controlling shareholders as investments
Cash receipts from borrowings 3650675987.22 4644092688.41
Other cash receipts related to financing activities
Subtotal of cash inflows from financing activities 3652613013.97 4644092688.41
Cash payments for the repayment of borrowings 3325398021.09 3144406430.05
Cash payments for distribution of dividends or profits and for
1582572282.671791310007.20
interest expenses
Including: Cash paid by subsidiaries to non-controlling
shareholders as dividend or profit
Other cash payments related to financing activities 1574805.01 1747793.28
Subtotal of cash outflows from financing activities 4909545108.77 4937464230.53
Net cash flows from financing activities -1256932094.80 -293371542.12
IV. Effect of foreign exchange rate changes on cash & cash
83273351.2084195127.83
equivalents
V. Net increase in cash and cash equivalents 2396541039.31 -454139018.57
16Securities Code:002001 Securities Abbr:NHU
Items Q1~Q3 2024 Q1~Q3 2023
Add: Opening balance of cash and cash equivalents 4446570415.30 5151841931.86
VI. Closing balance of cash and cash equivalents 6843111454.61 4697702913.29
Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: He Jiangyong
II Adjustments to financial statements at the beginning of the year of first implementation of new
accounting standards for the first time from 2024 onwards
□ Applicable √ Not applicable
III Independent Auditor’s Report
Whether the financial statements above have been audited by an independent auditor.□Yes √ No
These financial statements have not been audited by such an auditor.Board of Directors of Zhejiang NHU Company Ltd
October 242024
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