GuangdongProvincialExpresswayDevelopmentCo.，Ltd.
TheThirdQuarterlyReport2018
October2018
I.ImportantNoticeTheBoardofDirectorsandtheSupervisoryCommitteeoftheCompanyanditsdirectors,supervisorsandsenior
executivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.
AllofthedirectorspresentedtheboardmeetingatwhichthisQuarterlyReportwasexamined.Mr.ZhengRenfa,Leader,Mr.WangChunhua,GeneralManager,Mr.FangZhi,Chiefoftheaccountingwork,
Ms.ZhouFang,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisreport.
II.BasicinformationaboutthecompanyI.Mainfinancialdataandindices
IndicatebytickmarkwhethertheCompanyneedstoretroactivelyrestateanyofitsaccountingdata.√Yes□NoReasonsforretrospectiverestatements:
Accountingpolicychange
Thisperiod
Sameperiodoflastyear
Changesofthisperiodoversameperiodoflastyear
（％）
BeforeadjustmentAfteradjustmentAfteradjustment
Grossassets（Yuan）16,010,228,283.6416,523,315,093.7216,523,315,093.72-3.11%
Netassetsattributabletotheshareholdersofthelistedcompany（Yuan）
9,180,965,779.999,023,071,118.459,023,071,118.451.75%
Reportingperiod
Increase/decreaseoverthesameperiod
oflastyear（%）
Betweenbeginning
oftheyeartotheendofthereport
period
Changed（%）over
endofprev.yearOperatingrevenue(Yuan）850,769,743.923.43%2,386,633,889.065.47%
Netprofitattributabletothe441,303,002.7614.69%1,220,305,249.74-4.49%
shareholdersofthelistedcompany（Yuan）
Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholders
oflistedcompany（Yuan）
427,205,756.2411.05%1,180,123,467.7714.95%Cashflowgeneratedbybusiness
operation,net（Yuan）
----1,434,266,698.31-12.80%Basicearningper
share(RMB/Share)
0.2116.67%0.58-4.92%Dilutedgainsper
share(Yuan/Share)
0.2116.67%0.58-4.92%Weightedaverageincome/asset
ratio（%）
4.91%0.43%13.50%-1.53%
ThereasonsforthechangeofAccountingPolicyandtheCorrectionofAccountingerrors
AccordingtothenoticeonrevisionoftheformatforissuingGeneralEnterpriseFinancialstatementsfor2018(accounting[2018]No.15).Thecompanyshalladjustitsbalancesheetandincomestatementasrequiredbythenotice,,AccordingtothenoticeonrevisionoftheformatforissuingGeneralEnterpriseFinancialstatementfor
2018(accounting{2018}No.15,Thecompanyshalladjustitsbalancesheetandincomestatementasrequiredby
theNotice.Thischangeinaccountingpolicy，anditisonlyaninternaladjustmentoftheitemsonthebalance
sheetandtheincomestatement,whichwillnothaveanyimpactonthecompany'stotalassets,totalliabilities,netassetsandnetprofitsofthecurrentperiodandthepreviousperiodwithnosuchaccountingpolicychange.Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMByuanItems
Amount(Year-beginningto
theendofthereport
period.)
Notes
Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade)
66,040,603.46
MainlyduetotheZhuhaiHigh-techZoneManagementCommitteewithdrew4.213kmfromtheZhuhaisectionoftheJingzhuExpresswayGuangzhuSectionCo.,Ltd.,andconfirmedtheprofitandlossofassetsdisposalofRMB66,231,472.
Items
Amount(Year-beginningto
theendofthereport
period.)
NotesSingleimpairmenttestforimpairmentofreceivables
transferredbacktopreparation
1,815,828.92Othernon-businessincomeandexpendituresotherthanthe
above
1,442,154.37Less:Influencedamountofincometax16,668,724.65
Influencedamountofminorshareholders’equity(aftertax)12,448,080.13
Total40,181,781.97--
ExplainthereasonsiftheCompanyclassifiesanitemasanextraordinarygain/lossaccordingtothedefinitionintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-ExtraordinaryGainsandLosses,orclassifiesanyextraordinarygain/lossitemmentionedinthesaidexplanatoryannouncementasarecurrentgain/lossitem.□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecognizedasrecurringgain/loss/itemsasdefinedbytheinformation
disclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.
II.TotalShareholdersandSharesHeldbyTopTenShareholdersattheEndoftheReportingPeriod1.AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders
Inshares
Totalnumberofcommonshareholdersattheperiod-end
57,628
Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany)
Sharesheldbythetop10shareholdersShareholder
name
Propertiesofshareholder
Shareproportion%
Quantity
Amountoftradableshares
withConditional
held
PledgingorfreezingStatusofthe
shares
QuantityGuangdong
CommunicationGroupCo.,Ltd.
State-ownedlegalperson
24.55%513,382,595410,002,853Guangdong
HighwayConstructionCo.,Ltd,
State-ownedlegalperson
22.30%466,325,020466,325,020YadongFuxing
Yalian
Domesticnon
State-own
9.68%202,429,149202,429,149Pledge156,652,500
InvestmentCo.,Ltd.
edLegalpersonTibetYingyueInvestmentManagementCo.,Ltd.
Domesticnon
State-ownedLegalperson
4.84%101,214,574101,214,574Guangdong
ExpresswayCo.,Ltd.
State-ownedlegalperson
2.53%52,937,49152,937,491Guangfa
SecuritiesCo.,Ltd.
State-ownedlegalperson
1.45%30,364,37230,364,372
FengWuchu
Domesticnaturalpersonshares
1.08%22,574,543Agricultural
BankofChina
－Jinyuanshun
AnfengBondSecuritiesInvestmentfund
Domesticnon
State-ownedLegalperson
0.79%16,583,627
AgriculturalBankofChina
－Jingshun
GreatWallEnergyInfrastructureMixedSecuritiesInvestmentFund
Domesticnon
State-ownedLegalperson
0.69%14,381,528
UBSAGLONDONBRANCH
Overseaslegalperson
0.63%13,222,231SharesheldbytheTop10ShareholdersofNon-restrictedshares
Shareholders’Names
Numberofthenon-restrictedsharesheld
SharetypeSharetypeQuantityGuangdongCommunicationGroupCo.,Ltd.103,379,742RMBCommonshares103,379,742FengWuchu22,574,543RMBCommonshares20,667,204
Foreignsharesplacedindomesticexchange
1,907,339
AgriculturalBankofChina－Jinyuanshun
AnfengBondSecuritiesInvestmentfund
16,583,627RMBCommonshares16,583,627
AgriculturalBankofChina－JingshunGreat
WallEnergyInfrastructureMixedSecuritiesInvestmentFund
14,381,528RMBCommonshares14,381,528UBSAGLONDONBRANCH13,222,231
Foreignsharesplacedindomesticexchange
13,222,231XinyueCo.,Ltd.13,201,086
Foreignsharesplacedindomesticexchange
13,201,086PRUSIKUMBRELLAUCITSFUNDPLC12,999,871
Foreignsharesplacedindomesticexchange
12,999,871MATTHEWSCHINADIVIDENDFUND11,207,421
Foreignsharesplacedindomesticexchange
11,207,421
KhazanahNasionalBerhad－Selffund10,522,779RMBCommonshares10,522,779
VALUEPARTNERSHIGH-DIVIDENDSTOCKSFUNDS
9,860,753
Foreignsharesplacedindomesticexchange
9,860,753Explanationonassociated
relationshiporconcertedactionoftheaboveshareholders
GuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd,GuangdongExpresswayCo.,Ltd.andXinyueCo.,Ltd..ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformationaboutChangeinShareholdingofShareholdersofListedCompanies.Participationoftop10unconditionalcommonshareshareholdersinsecuritiesmargintrading(ifany)
Nil
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.
□Yes√No
Thetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompany
havenobuy–backagreementdealinginreportingperiod.
2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IIISignificantEvents
I.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges√Applicable□Notapplicable
（I）Itemsofbalancesheet\
1.Advancepaymentincreasedby41.40millionyuanand929.97%overthebeginningoftheyear,ThereasonfortheincreaseistheprepaidprojectpaymentfortheexpansionprojectofFobaoExpresswayfromSanbaotoShuikou.2.Constructioninprocessincreasedby475.69millionyuanand133.60%overthebeginningoftheyear,mainlyduetotheconstructioncostsoftheexpansionprojectoftheSanbao-ShuikousectionoftheFokaiExpressway.3.Notespayableandaccountpayabledecreasedby92.46millionyuanand34.64%overthebeginningoftheyear,Themainreasonisthatthecompany'sbranchandholdingsubsidiariespaytheprogressoftheproject.4.Taxespayabledecreasedby306.77millionyuanand71.57%overthebeginningoftheyear,Themainreasonisthatthecompany'sbranchandholdingsubsidiariespaytheaccruedtaxesandfees.5.Otheraccountpayableincreasedby40.48millionyuanand33.18%overthebeginningoftheyear,ThemainreasonisthatthecompanyborrowedfromGuangdongGuanghuiExpresswayCo.,Ltd.forlessthanoneyeartoentrustloans.6.Non-currentliabilitiesdue1yearincreasedby1243.97millionyuanand102.08%overthebeginningoftheyear,Themainreasonisthatthecompany'sbranchandholdingsubsidiariespaytheaccruedtaxesandfees.7.Long-termborrowingdecreasedby1517.45millionyuanand31.99%overthebeginningoftheyear,Thereasonisthatthecompanyrepaysthematurityoftheborrowingsandlong-termborrowingstothecomprehensiveimpactofthesubject.
(II)Itemsofincomestatement1AssetsdisposalincomeThedisposalincomeofassetswas66.37millionyuanduringthereportingperiod,whichwastheassetdisposalincomeconfirmedbytheZhuhaiHigh-techZoneManagementCommittee'srepurchaseofthe4.213kmexpresswayassetsofJingzhuExpresswayGuangzhuSectionCo.,Ltd.,GuangaoExpresswayZhuhaisection.Therewasnobalanceinthesubjectduringthesameperiodlastyear.2.Non-operationincome
Non-operationincomedecreasedby60.16millionyuanand94.86%yearonyear，Mainlyinthesameperiodof
lastyear,GuangdongFokaiExpresswayCo.,Ltd.receivedcompensationforthecancellationoftheJiujiangBridgeforRMB60million,whichwasnotaffectedbythisfactorinthecurrentperiod.3.IncometaxexpensesIncometaxexpensesIncreasedby257.08millionyuanand321.28%yearonyear,Thereasonismainlybecausetheparentcompanyconfirmedthedepreciationincometaxassetsofthepreviousyearinthesameperiodoflastyear,andreducedthecurrentincometaxexpenses.Thereisnosuchfactorinthecurrentperiod;FokaiBranch,GuangfoExpresswayCo.,Ltd.andJingzhuExpresswayGuangzhuSectionCo.,Ltd.profitincreased.(III)Notesofmainitemsofcashflowstatement1.Cashpaidforpurchasingofmerchandiseandservicesincreasedby40.54millionyuanand39.95%yearonyear,ThereasonismainlybecausetheconstructionfundspaidbyFokaiBranch,GuangfoExpresswayCo.,Ltd.and
JingzhuExpresswayGuangzhuSectionhaveincreasedyear-on-year.2.Taxespaidincreasedby334.19millionyuanand102.58%yearonyear,Mainlyduetothesubsidiarycompanypaystheincometaxaccruedattheendoflastyear.3.Cashreceivedinreturnoninvestmentsincreasedby65.22millionyuanand36.04%yearonyear,Themainreasonisthatsomeshareholdingcompaniessentcashdividendstoincrease.4.Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassetsincreasedby228.04millionyuanand164356.43%yearonyear,ThemainreasonisthatJingzhuExpresswayGuangzhuSectionCo.,Ltd.receivedthe4.213kmexpresswayassetcompensationandenterpriseincometaxcompensationfortheZhuhaisectionoftheGuang'aoExpresswaytransferredfromtheZhuhaiHigh-techZoneManagementCommittee.5.Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassetsincreasedby253.16millionyuanand98.60%yearonyear,ThemainreasonisthattheprogressofthereconstructionandexpansionprojectoftheSanbao-ShuikousectionpaidbyFokaiBranchinthecurrentperiodhasincreased.6.Cashpaidasdividend,profit,orinterestsincreasedby546.06millionyuanand58.30%yearonyear,Mainlyduetotheincreaseincashdividendspaidbythecompanyduringtheperiod,JingzhuExpresswayGuangzhuSectionCo.,Ltd.andGuangfoExpresswayCo.,Ltd.paidminorityshareholders'cashdividendsincreasedyear-on-year.
II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.
√Applicable□Notapplicable
TheProposalaboutGuangdongProvincialExpresswayDevelopmentCo.,Ltd’sMergerofGuangdongFokaiExpresswayCo.,Ltdwasexaminedanapprovedintheeighthmeeting(Temporary)oftheeighthsessionboardofdirectorsofthecompanyandwasapprovedinthe2016annualshareholders'generalmeeting,agreedtothecompany'smergerandconsolidationofthewholly-ownedsubsidiary-GuangdongFokaiExpresswayCo.,Ltd.InMay2017,thecompanysetuptheGuangdongProvincialExpresswayDevelopmentCo.,LtdFoshanBranchCompany,andcompletedtherelevantindustrialandcommercialregistrationprocedures.OnAugust1,2017,theoperationandmanagementoftheFokaiExpresswaywasofficiallytransferredtoFokaiBranchCompanyfromFokaiCompany.InAugust2018,GuangdongFokaiExpresswayCo.,Ltd.completedtheindustrialandcommercialcancellationwork,andobtainedthe"NoticeofApprovalforCancellationofRegistration"andthe"NoticeofPermissionforCancellationofRegistration".FromSeptember2018,GuangdongFokaiExpresswayCo.,Ltdwillnolongerbeincludedintheconsolidatedstatement.
Descriptionofprovisionalannouncement
Dateofdisclosingprovisional
announcement
Descriptionofthewebsitefordisclosing
provisionalannouncementsAnnouncementofResolutionsofthe8
th
(Provisional)MeetingoftheEighthBoardofDirectors
April8,2017www.cninfo.com.cnAnnouncementofMerger
April8,2017www.cninfo.com.cnAnnouncementofResolutionsoftheShareholders'GeneralMeetingof2016
April29,2017www.cninfo.com.cnAnnouncementontheprogressofmajorMay4,2017www.cninfo.com.cn
Events
III.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod
□Applicable√NotapplicableThecompanyhasnocommitmentscompletedinperiodandthosewithoutcompletedtilllendoftheperiodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies.IV.AnticipationofBusinessPerformanceof2018Alertoflossorsignificantchangeinnetprofitfromthebeginningofyeartotheendofnextreportperiodorcomparingwiththesameperiodoflastyear,andstatementofcausations.□Applicable√Notapplicable
V.Investmentinsecurities√Applicable□Notapplicable
InRMByuanSecuri
tycateg
ory
Securitycode
StockAbbrevi
ation:
Initialinvestmentcost
Modeofaccountingmeasurement
Bookvaluebalanceatthebeginningofthereportingperiod
Changesinfairvalueofthethisperiod
Cumulativefairvaluechangesin
equity
Purcha
seamountinthe
thisperiod
Saleamountinthethisperiod
Gain/lossofthereporting
period
Bookvaluebalanceatthe
endofthereporting
period
Accountin
gitems
Sourceoftheshares
Domesticandforeignstocks
601818
ChinaEverbrightBank
517,560,876
.80
FVM952,782,523.20-32,935,692.16402,285,954.240.000.0042,581,144.86919,846,831.04
Financialassetsavailableforsale
Selffund
Total
517,560,876
.80
--952,782,523.20-32,935,692.16402,285,954.240.000.0042,581,144.86919,846,831.04----Disclosuredateforthenotice
ofapprovalbytheBoard(Ifany)
July22,2009Disclosuredateforthenotice
ofapprovalbyshareholders’
Meeting(Ifany)
August7,2009
VI.EntrustedFinancialManagement□Applicable√NotapplicableThereisnoEntrustedFinancialManagementduringthereportperiod.VII.Investmentinderivatives□Applicable√NotapplicableThereisnoderivativeinvestmentduringthereportperiod.
VIII.Theregistrationformofacceptanceofinvestigation,communicationandinterviewinthereportperiodforfuturereference
√Applicable□Notapplicable
ReceptiontimeWayofreceptionTypesofvisitorsBasicindexJuly23,2018OnsiteinvestigationOrganization
1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports
August28,2018OnsiteinvestigationOrganization
1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports
IX.Externalguaranteegetoutofline
□Applicable√Notapplicable
TheCompanyhasnoexternalguaranteegetoutofthelineinthePeriodX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany
□Applicable√Notapplicable
Therearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod
IV.FinancialStatementI.Financialstatement
1.Consolidatedbalancesheet
Preparedby：GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
September30,2018
InRMByuanItemsYear-endbalanceYear-beginningbalance
Currentasset：
Monetaryfund2,053,744,068.062,363,042,700.42SettlementprovisionOutgoingcallloan
Financialassetsmeasuredatfairvaluewithvariationsaccountedintocurrentincomeaccount
DerivativefinancialassetsNotesreceivableandaccountreceivable97,539,024.1492,642,625.45
Including：
Notesreceivable
Accountreceivable97,539,024.1492,642,625.45
Advancepayment45,853,206.464,451,901.75
InsurancereceivableReinsurancereceivableProvisionsofReinsurancecontractsreceivable
Otheraccountreceivable17,810,306.9315,415,512.07
RepurchasingoffinancialassetsInventories127,187.68
Assetsheldforsales
Non-currentassetduein1year51,745.3255,669.14
Othercurrentasset76,576.08
Totalofcurrentassets2,215,125,538.592,475,684,984.91
Non-currentassets：
Loansandpaymentonother’sbehalf
disbursed
Availableforsaleoffinancialassets1,718,421,932.771,751,357,624.93
ItemsYear-endbalanceYear-beginningbalanceExpiredinvestmentinpossessLong-termreceivableLongtermshareequityinvestment3,214,982,779.233,047,275,000.00
Propertyinvestment3,713,453.232,755,757.68
Fixedassets7,736,659,064.508,505,434,890.71
Constructioninprogress833,301,812.32357,612,211.95
ProductionphysicalassetsGas&petrolIntangibleassets5,196,142.087,096,435.17
developmentexpensesGoodwillLong-germexpensestobeamortized9,276.7392,768.83
Deferredincometaxasset246,707,469.99335,299,025.28
Othernon-currentasset36,110,814.2040,706,394.26
Totalofnon-currentassets13,795,102,745.0514,047,630,108.81
Totalofassets16,010,228,283.6416,523,315,093.72
Currentliabilities
Short-termloansLoanfromCentralBankDepositreceivedandholdforothersCallloanreceivedFinancialliabilitiesmeasuredatfairvaluewithvariationsaccountedintocurrentincomeaccount
DerivativefinancialliabilitiesNotespayableandaccountpayable174,476,639.63266,934,026.99
Advancereceipts14,450,419.4814,856,113.90
SellingofrepurchasedfinancialassetsFeesandcommissionsreceivable
Employees’wagepayable17,518,602.3011,334,182.16
Taxpayable121,874,371.46428,647,394.29
Otheraccountpayable162,474,009.20121,998,386.07ReinsurancefeepayableInsurancecontractprovision
ItemsYear-endbalanceYear-beginningbalanceEntrustedtradingofsecuritiesEntrustedsellingofsecurities
LiabilitiesheldforsalesNon-currentliabilityduein1year2,462,580,000.001,218,610,000.00OthercurrentliabilityTotalofcurrentliability2,953,374,042.072,062,380,103.41
Non-currentliabilities：
Long-termloan3,226,720,000.004,744,170,000.00Bondpayable
Including：preferredstock
SustainabledebtLong-termpayable2,022,210.112,022,210.11
Long-termpayableemployee’s
remuneration
Expectedliabilities
DeferredincomeDeferredincometaxliability226,424,569.23260,632,098.75
Othernon-currentliabilitiesTotalnon-currentliabilities3,455,166,779.345,006,824,308.86Totalofliability6,408,540,821.417,069,204,412.27
Owners’equity
Sharecapital2,090,806,126.002,090,806,126.00
Otherequityinstrument
Including：preferredstock
SustainabledebtCapitalreserves2,536,774,965.312,510,069,749.76
Less：Sharesinstock
Othercomprehensiveincome296,095,920.18327,263,824.17Specialreserves
Surplusreserves544,821,130.03544,821,130.03CommonriskprovisionRetainedprofit3,712,467,638.473,550,110,288.49
Totalofowner’sequitybelongtothe
parentcompany
9,180,965,779.999,023,071,118.45
ItemsYear-endbalanceYear-beginningbalance
Minorityshareholders’equity420,721,682.24431,039,563.00Totalofowners’equity9,601,687,462.239,454,110,681.45Totalofliabilitiesandowners’equity16,010,228,283.6416,523,315,093.72
LegalRepresentative:ZhenRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：
FangZhiAccountingDeptLeader:ZhouFang
2.ParentCompanyBalanceSheet
InRMByuanItemsYear-endbalanceYear-beginningbalanceCurrentasset：
Monetaryfund2,035,470,942.102,130,475,892.67Financialassetsmeasuredatfairvaluewithvariationsaccountedintocurrentincomeaccount
DerivativefinancialassetsNotesreceivableandaccountreceivable
22,091,269.5219,001,899.29Including：
Notesreceivable
Accountreceivable
22,091,269.5219,001,899.29Advancepayment
44,806,954.961,520,014.23Otheraccountreceivable59,465,215.3317,368,588.12
InventoriesAssetsheldforsales
Non-currentassetduein1year80,000,000.0080,000,000.00OthercurrentassetTotalofcurrentassets2,241,834,381.912,248,366,394.31
Non-currentassets：
Availableforsaleoffinancialassets
1,718,421,932.771,751,357,624.93Expiredinvestmentinpossess
Long-termreceivableLongtermshareequityinvestment4,748,647,788.048,216,937,219.66Propertyinvestment3,461,314.982,503,619.43
Fixedassets5,374,535,335.595,784,192,105.58
ItemsYear-endbalanceYear-beginningbalanceConstructioninprogress
829,757,760.32353,858,869.95ProductionphysicalassetsGas&petrol
Intangibleassets
1,939,038.372,856,323.67DevelopmentexpensesGoodwillLong-germexpensestobeamortizedDeferredincometaxasset246,529,217.91335,050,091.31
Othernon-currentasset822,918,014.67827,775,329.66Totalofnon-currentassets13,746,210,402.6517,274,531,184.19Totalofassets15,988,044,784.5619,522,897,578.50Currentliabilities
Short-termloansFinancialliabilitiesmeasuredatfairvaluewithvariationsaccountedintocurrentincomeaccount
DerivativefinancialliabilitiesNotespayableandaccountpayable
147,803,724.18200,070,986.17Advancereceipts
Employees’wagepayable4,451,845.705,419,848.48
Taxpayable9,041,815.3412,893,797.03
Otheraccountpayable
127,027,603.774,503,328,739.76Classifiedasheldforsaledebt
Non-currentliabilityduein1year
2,319,280,000.00968,610,000.00Othercurrentliability893,038,780.15644,691,748.64Totalofcurrentliability3,500,643,769.146,335,015,120.08
Non-currentliabilities：
Long-termloan2,947,670,000.004,545,170,000.00Bondpayable
Including：preferredstock
SustainabledebtLong-termpayable
2,022,210.112,022,210.11Long-termpayabletoemployees
Expectedliabilities
ItemsYear-endbalanceYear-beginningbalanceDeferredincomeDeferredincometaxliability100,571,488.56108,805,411.60
Othernon-currentliabilitiesTotalofNon-currentliabilities3,050,263,698.674,655,997,621.71Totalofliability6,550,907,467.8110,991,012,741.79
Owners’equity
Sharecapital2,090,806,126.002,090,806,126.00Otherequityinstrument
Including：preferredstock
SustainabledebtCapitalreserves2,948,663,196.932,921,957,981.38
Less：Sharesinstock
Othercomprehensiveincome
296,095,920.18327,263,824.17SpecialreservesSurplusreserves528,976,846.38528,976,846.38Retainedprofit3,572,595,227.262,662,880,058.78
Totalofowners’equity9,437,137,316.758,531,884,836.71Totalofliabilitiesandowners’equity15,988,044,784.5619,522,897,578.50
LegalRepresentative:ZhenRenfaGeneralManager:WangChunhua
Personinchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
3.ConsolidatedIncomestatementoftheReportperiod
InRMByuan
ItemsAmountinthisperiodAmountinlastperiodI.Totalrevenue850,769,743.92822,526,484.69
Incl：Businessincome850,769,743.92822,526,484.69
InterestincomeInsurancefeeearnedFeeandcommissionreceivedII.Totalbusinesscost374,224,642.79391,978,517.38Incl：
Businesscost283,488,989.77281,272,481.97
Interestexpenses
ItemsAmountinthisperiodAmountinlastperiodFeeandcommissionpaid
InsurancedischargepaymentNetclaimamountpaidNetamountprovidedasinsurancecontractreservesInsurancepolicydividendpaid
Reinsuranceexpenses
Businesstaxandsurcharge3,887,775.993,382,365.58SalesexpenseAdministrativeexpense32,160,291.4636,843,648.73
R&Dexpenses541,264.573,776,420.24
Financialexpenses55,962,149.9266,703,600.86
Including：Interestcost59,606,588.1771,692,070.66
Interestincome4,644,969.746,956,786.65Assetimpairmentloss-1,815,828.92
Add：
Othergains194,598.16
Investmentgain（“-”forloss）134,304,872.05113,907,034.97
Incl:Investmentgainsfromaffiliates134,304,872.05113,907,034.97
Fairvaluechangeincome
Gainsfromcurrencyexchange（“-”forloss）
Assetsdisposalincome21,509,712.51
III.Operationalprofit（“-”forloss）632,554,283.85544,455,002.28
Add：
Non-operationalincome571,258.421,121,057.31
Less：Non-operationalexpenses137,992.921,028,790.51
IV.Grossprofit(“-”forloss)632,987,549.35544,547,269.08
Less：
Incometaxexpenses123,881,985.5999,958,901.51
V.Netprofit509,105,563.76444,588,367.57
(1)Categorizedbygoingconcern509,105,563.76444,588,367.57(2)TerminationofoperatingnetprofitNetprofitattributabletotheownersofparentcompany
441,303,002.76384,780,778.72
Minorityshareholders’equity67,802,561.0059,807,588.85
VI.Aftertaxnetamountofcomprehensiveincome
42,627,645.56
ItemsAmountinthisperiodAmountinlastperiodNetofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany
42,627,645.56
（I）Othercomprehensiveincome
itemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.
（II）
Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss.
42,627,645.561.Othercomprehensiveincomeunder
theequitymethodinvesteecanbereclassifiedintoprofitorloss.
-1,482,656.442.Gainsandlossesfromchangesinfa
irvalueavailableforsalefinancialassets
44,110,302.003.Held-to-maturityinvestmentsreclas
sifiedtogainsandlossesofavailableforsalefinancialassets4.Theeffectiveportionofcashflowhedgesandlosses5.Translationdifferencesincurrencyfinancialstatements6.OtherNetafter-taxofothercomprehensiveincomeattributabletoMinority
shareholders’equity
VII.Totalcomprehensiveincome551,733,209.32444,588,367.57Totalcomprehensiveincomeattributabletotheowneroftheparentcompany
483,930,648.32384,780,778.72
ItemsAmountinthisperiodAmountinlastperiodTotalcomprehensiveincomeattributableminorityshareholders
67,802,561.0059,807,588.85VIII.Earningspershare
（I）Basicearningspershare0.210.18
(II)Dilutedearningspershare0.210.18
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.
LegalRepresentative:ZhenRenfaGeneralManager:WangChunhua
Personinchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
4.IncomestatementoftheParentCompanyoftheReportperiod
InRMByuanItemsAmountinthisperiodAmountinlastperiodI.Turnover380,022,328.89243,646,856.46
Less：
Operationcost170,355,701.76107,539,198.57
Taxesandsurcharge2,323,857.601,135,202.88
SalesexpensesAdministrativeexpenses18,325,889.0916,820,363.64
R&DcostFinancialexpenses
51,345,142.5052,147,873.91
Including：Interestcost
55,947,515.4858,733,287.40Interestincome4,614,243.776,593,195.70
Impairmentlossonassets-1,240,782.92
Add：
Othergains194,598.16
Investmentgains(“-“forloss)820,280,096.41501,673,481.88
Including:investmentincomefromassociatesandjointventures
134,304,872.05113,907,034.97Fairvaluechangeincome
Assetsdisposalincome
II.Operationalprofit（“-”forloss）959,387,215.43567,677,699.34
Add：
Non-operationalincome182,721.87279,044.71
Less：Non-operationalexpenses184,874.00
III.Grossprofit(“-”forloss)959,385,063.30567,956,744.05
ItemsAmountinthisperiodAmountinlastperiod
Less：Incometaxexpenses34,466,045.998,943,088.28
IV.Netprofit924,919,017.31559,013,655.77
(1)Categorizedbygoingconcern924,919,017.31559,013,655.77(2)TerminationofoperatingnetprofitV.Aftertaxnetamountofcomprehensiveincome
42,627,645.56
（I）Othercomprehensiveincome
itemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.
（II）
Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss.
42,627,645.561.Othercomprehensiveincomeunder
theequitymethodinvesteecanbereclassifiedintoprofitorloss.
-1,482,656.442.Gainsandlossesfromchangesinfa
irvalueavailableforsalefinancialassets
44,110,302.003.Held-to-maturityinvestmentsreclas
sifiedtogainsandlossesofavailableforsalefinancialassets4.Theeffectiveportionofcashflowhedgesandlosses
5.Translationdifferencesincurrencyfinancialstatements
6.OtherVI.Totalcomprehensiveincome967,546,662.87559,013,655.77
VII.Earningspershare：
（I）Basicearningspershare
(II)Dilutedearningspershare
LegalRepresentative:ZhenRenfaGeneralManager:WangChunhua
Personinchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
5.ConsolidatedIncomestatementbetweenthebeginningoftheyearandendofthereportperiod
InRMByuanItemsAmountinthisperiodAmountinlastperiodI.Totalrevenue2,386,633,889.062,262,749,048.43Including：
Businessincome2,386,633,889.062,262,749,048.43
Interestincome
InsurancefeeearnedCommissionchargeandcommissionincomeII.TotalBusinesscost1,103,131,283.221,144,258,992.54
Including：Businesscost817,225,556.12814,962,327.13
InterestexpenseCommissionchareandcommission
expense
InsurancedischargepaymentNetclaimamountpaidInsurancepolicydividendpaidInsurancepolicydividendpaid
ReinsuranceexpensesBusinesstaxandsurcharge
10,740,890.9810,278,140.64SalesexpensesAdministrativeexpense105,269,752.40111,288,226.47
R&Dcost3,026,437.607,025,757.34
Financialexpenses168,742,365.39200,507,959.88
Including：Interestcost185,358,874.77223,016,680.03
Interestincome22,721,206.0422,596,555.68Assetimpairmentloss-1,873,719.27196,581.08
Add：
Othergains194,598.16
Investmentgain（“-”forloss）393,663,174.25337,337,399.41
Including:investmentincomefromassociatesandjointventures
351,082,029.39313,283,142.59
ItemsAmountinthisperiodAmountinlastperiodFairvaluechangeincome
Gainsfromcurrencyexchange（“-”forloss）
Assetsdisposalincome66,369,899.18
III.Operationalprofit（“-”forloss）1,743,730,277.431,455,827,455.30
Add：Non-operationalincome3,258,819.0063,420,135.89
Less：
Non-operationalexpenses2,145,960.354,128,264.77
IV.Grossprofit(“-”forloss)1,744,843,136.081,515,119,326.42
Less：
Incometaxexpenses337,103,704.4480,018,819.53
V.Netprofit1,407,739,431.641,435,100,506.89(1)Categorizedbygoingconcern1,407,739,431.641,435,100,506.89
(2)TerminationofoperatingnetprofitNetprofitattributabletotheownersofparentcompany
1,220,305,249.741,277,628,791.25
Minorityshareholders’equity187,434,181.90157,471,715.64
VI.Aftertaxnetamountofcomprehensiveincome
-31,167,903.99-75,869,719.44Netofprofitofothercomprehensive
incomeattributabletoownersoftheparentcompany
-31,167,903.99-75,869,719.44
（I）Othercomprehensiveincome
itemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.
（II）
Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss.
-31,167,903.99-75,869,719.441.Othercomprehensiveincomeunder
theequitymethodinvesteecanbereclassifiedintoprofitorloss.
-6,466,134.872.Gainsandlossesfromchangesinfa
irvalueavailableforsalefinancialas
-24,701,769.12-75,869,719.44
ItemsAmountinthisperiodAmountinlastperiodsets3.Held-to-maturityinvestmentsreclassifiedtogainsandlossesofavailableforsalefinancialassets4.Theeffectiveportionofcashflowhedgesandlosses5.Translationdifferencesincurrencyfinancialstatements6.OtherNetafter-taxofothercomprehensiveincomeattributabletoMinority
shareholders’equity
VII.Totalcomprehensiveincome1,376,571,527.651,359,230,787.45Totalcomprehensiveincomeattributabletotheowneroftheparentcompany
1,189,137,345.751,201,759,071.81Totalcomprehensiveincome
attributableminorityshareholders
187,434,181.90157,471,715.64VIII.Earningspershare
（I）Basicearningspershare0.580.61
(II)Dilutedearningspershare0.580.61
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.
LegalRepresentative:ZhenRenfaGeneralManager:WangChunhua
Personinchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
6.IncomeStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMByuanItemsAmountinthisperiodAmountinlastperiodI.Turnover1,055,916,596.63281,871,132.87Less：
Businesscost480,666,389.08107,771,305.27
Taxesandsurcharge5,817,633.501,180,772.15
Salesexpenses
ItemsAmountinthisperiodAmountinlastperiodAdministrativeexpense60,558,892.1243,378,310.99
R&DcostFinancialexpenses
155,551,567.44119,005,596.12
Including：Interestcost174,813,943.23138,099,572.86
Interestincome22,420,977.8819,141,752.56Assetimpairmentloss-1,240,782.92
Add：
Othergains194,598.16
Investmentgain（“-”forloss）1,700,859,665.121,432,408,272.61
Including:investmentincomefromassociatesandjointventures
351,082,029.39313,283,142.59FairvaluechangeincomeAssetsdisposalincome138,427.18
II.Operationalprofit（“-”forloss）2,055,755,587.871,442,943,420.95
Add：Non-operationalincome1,099,053.86352,923.13
Less：
Non-operationalexpenses670,700.09
III.Grossprofit(“-”forloss)2,056,183,941.641,443,296,344.08
Less：
Incometaxexpenses88,520,873.40-211,327,478.86
IV.Netprofit1,967,663,068.241,654,623,822.94(1)Categorizedbygoingconcern1,967,663,068.241,654,623,822.94
(2)TerminationofoperatingnetprofitV.Aftertaxnetamountofcomprehensiveincome
-31,167,903.99-75,869,719.44
（I）Othercomprehensiveincome
itemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.
（II）
Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss.
-31,167,903.99-75,869,719.441.Othercomprehensiveincomeunder
theequitymethodinvesteecanbere
-6,466,134.87
ItemsAmountinthisperiodAmountinlastperiodclassifiedintoprofitorloss.2.Gainsandlossesfromchangesinfairvalueavailableforsalefinancialassets
-24,701,769.12-75,869,719.443.Held-to-maturityinvestmentsreclas
sifiedtogainsandlossesofavailableforsalefinancialassets4.Theeffectiveportionofcashflowhedgesandlosses
5.Translationdifferencesincurrencyfinancialstatements
6.OtherVI.Totalcomprehensiveincome
1,936,495,164.251,578,754,103.50
VII.Earningspershare：
（I）Basicearningspershare
(II)DilutedearningspershareLegalRepresentative:ZhenRenfaGeneralManager:WangChunhua
Personinchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
7.ConsolidatedCashFlowStatementBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMByuanItemsAmountinthisperiodAmountinlastperiodI.CashflowsfromoperatingactivitiesCashreceivedfromsalesofgoodsorrendingofservices
2,430,071,550.432,269,246,330.63Netincreaseofcustomerdeposits
andcapitalkeptforbrothercompanyNetincreaseofloansfromcentralbankNetincreaseofinter-bankloansfromotherfinancialbodiesCashreceivedagainstoriginalinsurancecontractNetcashreceivedfromreinsurance
ItemsAmountinthisperiodAmountinlastperiodbusinessNetincreaseofclientdepositandinvestmentNetincreaseofthefinancialassetsthataremeasuredatfairvalueandwhosemovementiscountedtothecurrentgainandlossCashreceivedasinterest,processingfeeandcommissionNetincreaseofinter-bankfundreceivedNetincreaseofrepurchasingbusiness
TaxreturnedOthercashreceivedfrombusinessoperation
54,513,688.3267,752,504.28Sub-totalofcashinflow2,484,585,238.752,336,998,834.91
Cashpaidforpurchasingofmerchandiseandservices
142,035,365.51101,493,279.85Netincreaseofclienttradeand
advanceNetincreaseofsavingsncentralbankandbrothercompanyCashpaidfororiginalcontractclaim
Cashpaidforinterest,processingfeeandcommission
CashpaidforpolicydividendCashpaidtostaffsorpaidforstaffs200,483,302.33203,043,259.59
Taxespaid659,984,230.23325,795,159.90Othercashpaidforbusinessactivities47,815,642.3761,842,977.19Sub-totalofcashoutflowfrom
businessactivities
1,050,318,540.44692,174,676.53Cashflowgeneratedbybusiness
operation,net
1,434,266,698.311,644,824,158.38II.Cashflowgeneratedbyinvesting
Cashreceivedfrominvestmentretrieving
ItemsAmountinthisperiodAmountinlastperiodCashreceivedasinvestmentgains246,194,475.70180,974,999.80Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets
228,183,292.51138,750.00Netcashreceivedfromdisposalof
subsidiariesorotheroperationalunitsOtherinvestment-relatedcashreceived
575,046.0060,287,001.01Sub-totalofcashinflowdueto
investmentactivities
474,952,814.21241,400,750.81Cashpaidforconstructionoffixed
assets,intangibleassetsandotherlong-termassets
509,914,271.20256,756,858.37Cashpaidasinvestment
NetincreaseofloanagainstpledgeNetcashreceivedfromsubsidiariesandotheroperationalunitsOthercashpaidforinvestmentactivitiesSub-totalofcashoutflowduetoinvestmentactivities
509,914,271.20256,756,858.37Netcashflowgeneratedby
investment
-34,961,456.99-15,356,107.56III.Cashflowgeneratedbyfinancing
CashreceivedasinvestmentIncl:CashreceivedasinvestmentfromminorshareholdersCashreceivedasloans1,259,000,000.001,308,000,000.00Cashreceivedfrombondplacing
Otherfinancing–relatedash
received
4,861,111.11Sub-totalofcashinflowfrom
financingactivities
1,263,861,111.111,308,000,000.00Cashtorepaydebts1,487,480,000.001,625,100,000.00
Cashpaidasdividend,profit,orinterests
1,482,717,100.16936,660,204.59Incl:Dividendandprofitpaidby
ItemsAmountinthisperiodAmountinlastperiodsubsidiariestominorshareholdersOthercashpaidforfinancingactivitiesSub-totalofcashoutflowduetofinancingactivities
2,970,197,100.162,561,760,204.59Netcashflowgeneratedbyfinancing-1,706,335,989.05-1,253,760,204.59
IV.Influenceofexchangeratealternationoncashandcashequivalents
-2,267,884.631,447,084.51V.Netincreaseofcashandcash
equivalents
-309,298,632.36377,154,930.74Add:balanceofcashandcash
equivalentsatthebeginningofterm
2,363,042,700.422,603,279,644.25VI..Balanceofcashandcash
equivalentsattheendofterm
2,053,744,068.062,980,434,574.99LegalRepresentative:ZhenRenfaGeneralManager:WangChunhua
Personinchargeofaccounting：
FangZhiAccountingDeptLeader:ZhouFang
8.CashFlowStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMByuanItemsAmountinthisperiodAmountinlastperiodI.CashflowsfromoperatingactivitiesCashreceivedfromsalesofgoodsorrendingofservices
1,028,479,493.61204,860,249.44Taxreturned
Othercashreceivedfrombusinessoperation
342,818,820.26711,264,490.94Sub-totalofcashinflow1,371,298,313.87916,124,740.38
Cashpaidforpurchasingofmerchandiseandservices
59,667,495.436,155,244.77Cashpaidtostaffsorpaidforstaffs80,870,547.3834,315,661.16
Taxespaid38,553,095.964,409,052.82Othercashpaidforbusinessactivities363,020,990.09285,269,012.07Sub-totalofcashoutflowfrom542,112,128.86330,148,970.82
ItemsAmountinthisperiodAmountinlastperiodbusinessactivitiesCashflowgeneratedbybusinessoperation,net
829,186,185.01585,975,769.56II.Cashflowgeneratedbyinvesting
CashreceivedfrominvestmentretrievingCashreceivedasinvestmentgains877,415,742.211,290,045,873.00Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets
296,095.00128,000.00Netcashreceivedfromdisposalof
subsidiariesorotheroperationalunitsOtherinvestment-relatedcashreceived
650,750.0010,786,916.66Sub-totalofcashinflowdueto
investmentactivities
878,362,587.211,300,960,789.66Cashpaidforconstructionoffixed
assets,intangibleassetsandotherlong-termassets
495,317,031.901,413,815.93Cashpaidasinvestment4,500,000.00
NetcashreceivedfromsubsidiariesandotheroperationalunitsOthercashpaidforinvestmentactivities
10,000,000.00Sub-totalofcashoutflowdueto
investmentactivities
495,317,031.9015,913,815.93Netcashflowgeneratedby
investment
383,045,555.311,285,046,973.73III.Cashflowgeneratedbyfinancing
Cashreceivedasinvestment
Cashreceivedasloans600,000,000.00Cashreceivedfrombondplacing
Otherfinancing–relatedash
received
295,861,111.11Sub-totalofcashinflowfrom
financingactivities
895,861,111.11Cashtorepaydebts614,100,000.0050,100,000.00
ItemsAmountinthisperiodAmountinlastperiodCashpaidasdividend,profit,orinterests
1,212,529,917.37813,656,128.90Othercashpaidforfinancing
activities
374,200,000.00Sub-totalofcashoutflowdueto
financingactivities
2,200,829,917.37863,756,128.90Netcashflowgeneratedbyfinancing-1,304,968,806.26-863,756,128.90
IV.Influenceofexchangeratealternationoncashandcashequivalents
-2,267,884.631,447,084.51V.Netincreaseofcashandcash
equivalents
-95,004,950.571,008,713,698.90Add:balanceofcashandcash
equivalentsatthebeginningofterm
2,130,475,892.671,795,455,123.88VI..Balanceofcashandcash
equivalentsattheendofterm
2,035,470,942.102,804,168,822.78LegalRepresentative:ZhenRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
II.Auditor‘sreportWhethertheQ3reportisaudited□Yes√NoTheQ3Reportisnotaudited.