Audited financial statements of China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd. December 31, 2021
Audit report on financial statements
One anti-counterfeiting, one coding and one code: 31 Shenzhen Quanxinhao Co.Ltd(000007) 20253730j
Name of auditee: China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd. - CPIC
Audit, planning, phase I, one room: 2021
Report report document No. 1: PwC ztsz (2022) No. 10077
Signature: Certified Public Accountant: Peng runguo
Note: No. 1 of the first division and the first series: 31 Shenzhen Quanxinhao Co.Ltd(000007) 2707
Signature of certified public accountant: Zhang Jiong
Note: No. 1 of the first division and the first series: 31 Shenzhen Quanxinhao Co.Ltd(000007) 2909
One person and one name of one office: PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership)
One office, one office, one electricity and one telephone: 02123238888
One office, one place and one address: 42 / F, Qiantan center, 588 Dongyu Road, Pudong New Area, Shanghai, China
The use of anti-counterfeiting code in the business report only indicates that the business report is issued by an accounting firm approved to be established according to law, and the legal responsibility subject of the business report is the accounting firm issuing the report and the signing certified public accountant. Report anti-counterfeiting information query website: https://zxfw.shcpa.org.cn./codeSearch
catalogue
Page I. audit report 1-8 II. Audited financial statements
Consolidated balance sheet 1-2 consolidated income statement 3-4 consolidated statement of changes in shareholders' equity 5-6 consolidated cash flow statement 7-8 company balance sheet 9 company income statement 10 statement of changes in shareholders' equity 11-12 cash flow statement 13 notes to financial statements 14-173 appendix supplementary information to financial statements
1、 Return on net assets and earnings per share A1 II. Statement of differences between Chinese accounting standards and Hong Kong Financial Reporting Standards A2
December 31, 2021
(unless otherwise specified, the monetary unit is RMB million)
1、 Basic information of the group
China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd. (hereinafter referred to as "the company") was restructured from the former China The Pacific Securities Co.Ltd(601099) insurance company in October 2001 with the approval of the State Council of the people's Republic of China and the approval of the former China Insurance Regulatory Commission (hereinafter referred to as "CIRC") [2001] No. 239 document. After the restructuring, the company obtained the business license of enterprise legal person with the registration number of 1 Ping An Bank Co.Ltd(000001) 001110 newly issued by the former State Administration for Industry and Commerce of the people's Republic of China on October 24, 2001. The original total share capital was RMB 20639 million, and the registered place and headquarters address were Shanghai. From February 2002 and 2007 to April 2007, the company issued new shares by increasing capital to old shareholders and absorbing new shareholders, increasing the total share capital to RMB 6.7 billion.
The company made an initial public offering of 1 billion ordinary shares and A-Shares in Shanghai Stock Exchange in December 2007, and the total share capital increased to RMB 7.7 billion. The A shares issued by the company were listed on Shanghai Stock Exchange on December 25, 2007.
The company publicly offered overseas listed foreign shares ("H shares") in December 2009. After the issuance of H shares, the total share capital increased to RMB 8.6 billion. The H shares issued by the company were listed on the main board of the stock exchange of Hong Kong on December 23, 2009.
The company privately issued 462 million H shares in November 2012, with the total share capital increased to RMB 9.062 billion, and obtained the approval of the original CIRC for the change of the company's registered capital in December 2012. The company obtained the business license of enterprise legal person with registration number of 1000 Ping An Bank Co.Ltd(000001) 1107 on February 5, 2013. On December 15, 2015, the company renewed the business license of enterprise legal person, and the unified social credit code was 91310000132211707b.
The company issued 102873300 global depository receipts (hereinafter referred to as "GDRs") on the London Stock Exchange in June 2020 and listed on the London Stock Exchange. In July 2020, the company issued an additional 8794991 GDRs, each of which represents A-share shares of 5 equity companies.
After the issuance of the above GDR, the total share capital of the company was changed to about RMB 9.62 billion.
The approved business scope of the company is: holding investment insurance enterprises; To supervise and administer various Chinese and international reinsurance businesses of holding investment insurance enterprises; To supervise and manage the fund application business of holding investment insurance enterprises; Approved to participate in international insurance activities. The business of annuity and pension insurance of the group and its subsidiaries (collectively referred to as the "operation of annuity and pension insurance" and other related businesses of the group in accordance with the laws and regulations).
See note VI for the main subsidiaries included in the consolidation scope this year.
Notes to financial statements (Continued)
December 31, 2021
(unless otherwise specified, the monetary unit is RMB million)
2、 Preparation basis of financial statements
The financial statements are prepared in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards and relevant provisions (hereinafter collectively referred to as the "accounting standards for business enterprises") issued by the Ministry of Finance on February 15, 2006 and thereafter, as well as the disclosure provisions of the rules for the preparation of information disclosure by companies offering securities to the public No. 15 - General Provisions on financial reports issued by the China Securities Regulatory Commission.
Standards in force but not yet implemented during the period of the financial statements
In 2017, the Ministry of Finance promulgated the revised accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, accounting standards for Business Enterprises No. 23 - transfer of financial assets Accounting standards for Business Enterprises No. 24 - hedging (hereinafter referred to as "accounting standards related to new financial instruments") and notice on transitional measures for insurance companies to implement accounting standards related to new financial instruments (CK [2017] No. 20) (hereinafter referred to as "notice"). In addition, the Ministry of Finance issued the notice on further implementing the accounting standards related to new financial instruments (CK [2020] No. 22) (hereinafter referred to as the "Supplementary Notice") in 2020. The accounting standards related to new financial instruments came into effect on January 1, 2018. The group is an insurance company listed both at home and abroad. The activities of the group are mainly related to insurance:
(1) The book value of liabilities arising from insurance contracts (including the deposit components of insurance mixed contracts and embedded derivatives) is significant compared with the total book value of all liabilities;
(2) The book value of insurance related liabilities accounts for more than 90% of the total book value of all liabilities.
The group meets the "conditions for insurance companies to suspend the implementation of relevant accounting standards for new financial instruments" specified in part II of the notice. According to the supplementary notice, the implementation of relevant accounting standards for new financial instruments is suspended until January 1, 2023. Supplementary disclosure is required in accordance with the requirements specified in part III of the notice.
Among them, the supplementary disclosure information of financial assets listed in the financial assets measured at fair value and whose changes are included in the current profit and loss, available for sale financial assets, held to maturity investments, and investments classified as loans and receivables is as follows:
Notes to financial statements (Continued)
December 31, 2021
(unless otherwise specified, the monetary unit is RMB million)
2、 Preparation basis of financial statements (Continued)
Standards in force but not yet implemented during the period of the financial statements (Continued)
December 31, 2021 fair value changes in fair value trading financial assets (a) 2255114 management and performance evaluation based on fair value
Financial assets (b) 10098931 non class A and B financial assets
——Financial assets meeting sppi conditions (c) 110575824999 - financial assets not meeting sppi conditions 379349 (12444) total 14974 360 Security Technology Inc(601360) 0 financial assets meeting sppi conditions (c) Credit risk rating domestic book value as of December 31, 2021
Rating free note 400437 AAA 633839 A-1 101 AA + 31478
