THIRD QUARTER REPORT 2019
October 2019
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,supervisors and senior management of BOE Technology Group Co., Ltd. (hereinafter referredto as the “Company”) hereby guarantee the factuality, accuracy and completeness of thecontents of this Report and its summary, and shall be jointly and severally liable for anymisrepresentations, misleading statements or material omissions therein.All the Company’s directors have attended the Board meeting for the review of this Reportand its summary.Mr. Chen Yanshun, the Company’s legal representative, Mr. Liu Xiaodong, president of theCompany’s Execution Committee (Chief Executive Officer), Ms. Sun Yun, the Company’sChief Financial Officer, and Ms. Yang Xiaoping, head of the Company’s financial department(equivalent to financial manager) hereby guarantee that the Financial Statements carried inthis Report are factual, accurate and complete.This Report has been prepared in both Chinese and English. Should there be anydiscrepancies or misunderstandings between the two versions, the Chinese version shallprevail.
Part II Key Corporate Information
I Key Consolidated Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
√ Yes □ No
Reasons for the retrospective restatements:
Changes to the accounting policies.
| Item | 30 September 2019 | 31 December 2018 | Change (%) | |
| Before | Restated | Restated | ||
| Total assets (RMB) | 324,400,678,094.00 | 304,028,491,385.00 | 304,028,491,385.00 | 6.70% |
| Equity attributable to the listed company’s shareholders (RMB) | 86,762,736,301.00 | 85,856,748,703.00 | 85,856,748,703.00 | 1.06% |
| Item | Q3 2019 | YoY change (%) | Q1-Q3 2019 | YoY change (%) |
| Operating revenue (RMB) | 30,682,823,546.00 | 18.05% | 85,722,032,233.00 | 23.40% |
| Net profit attributable to the listed company’s shareholders (RMB) | 183,791,110.00 | -54.49% | 1,852,239,559.00 | -45.18% |
| Net profit attributable to the listed company’s shareholders before exceptional items (RMB) | -840,490,839.00 | -332.16% | -189,000,405.00 | -110.13% |
| Net cash generated from/used in operating activities (RMB) | -- | -- | 16,526,989,409.00 | -10.37% |
| Basic earnings per share (RMB/share) | 0.005 | -58.33% | 0.053 | -45.36% |
| Diluted earnings per share (RMB/share) | 0.005 | -58.33% | 0.053 | -45.36% |
| Weighted average return on equity (%) | 0.21% | -55.32% | 2.14% | -45.41% |
Notes:
In the 2018 Annual Report, the net profit attributable to the listed company’s shareholders before exceptional gains and losses wasrestated according to the audit results. According to the interpretations of the regulatory document CK [2018] No.15, governmentsubsidies received, whether related to assets or income, shall be presented as cash generated from operating activities” in the cashflow statements. Above adjustment has no influence on total assets and equity attributable to the listed company’s shareholders forthe end of last year.Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
| Item | Q1-Q3 2019 | Note |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | -10,469,354.00 | N/A |
| Tax rebates, reductions and exemptions with ultra vires approval or in lack of duly approved document | 0.00 | N/A |
| Government subsidies charged to current profit and loss (exclusive of government subsidies given in the Company’s ordinary course of business at fixed quotas or amounts as per government’s uniform standards ) | 1,433,252,399.00 | N/A |
| Capital occupation charges on non-financial enterprises that are charged to current gains and losses | 0.00 | N/A |
| Income equal to the amount by which investment costs for the Company to obtain subsidiaries, associates and joint ventures are lower than the Company’s enjoyable fair value of identifiable net assets of investees when making investments | 0.00 | N/A |
| Gains and losses on non-monetary asset swap | 0.00 | N/A |
| Gains and losses on investment or asset management entrustments to other entities | 0.00 | N/A |
| Allowance for asset impairments due to acts of God such as natural disasters | 0.00 | N/A |
| Gains and losses on debt restructuring | 0.00 | N/A |
| Restructuring costs in staff arrangement, integration, etc. | 0.00 | N/A |
| Gains and losses on over-fair value amount as a result of transactions with distinctly unfair prices | 0.00 | N/A |
| Current gains and losses on subsidiaries acquired through business mergers under same control from period-beginning to merger dates, net | 0.00 | N/A |
| Gains and losses on contingencies that do not arise in the Company’s ordinary course of business | 0.00 | N/A |
| Gain or loss on fair-value changes in trading financial assets and liabilities and derivative financial assets and liabilities & investment income from disposal of trading financial assets and liabilities and derivative financial assets and liabilities, and other creditors’ investment (exclusive of effective portion of hedges that arise in the Company’s ordinary course of business) | 86,944,711.00 | N/A |
| Reversed portion of impairment allowance for accounts receivable and contract assets which are tested individually for impairment | 393,516.00 | N/A |
| Gains and losses on loan entrustment | 0.00 | N/A |
| Gains and losses on fair value changes in investment property of which subsequent measurement is carried out using fair value method | 0.00 | N/A |
| Effects of all adjustments required by taxation, accounting and other applicable laws and regulations on current gains and losses | 0.00 | N/A |
| Income from charges on entrusted management | 0.00 | N/A |
| Non-operating income and expense other than above | 63,888,377.00 | N/A |
| Other gains and losses that meet definition of nonrecurring gain/loss | 795,126,980.00 | N/A |
| Less: Income tax effects | 87,489,641.00 | N/A |
| Non-controlling interests effects (net of tax) | 240,407,024.00 | N/A |
| Total | 2,041,239,964.00 | -- |
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the ExplanatoryAnnouncement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/LossItems:
√Applicable □ Not applicable
| Item | Amount | Reason |
| Other gains and losses that meet definition of nonrecurring gain/loss | 795,126,980.00 | The Company undertook the transfer and share swap obligations for investments from non-controlling interests of the Company’s subsidiary Hefei Xinsheng Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Hefei Xinsheng”), which was recorded into financial liabilities as applicable accounting standards related to financial instruments. During the Reporting Period, the Company signed the Equity Transfer Agreement with Hefei Heping Investment Company Limited (hereinafter referred to as “Hefei Heping”), in which the Company was agreed to be transferred the 15.3846% shares in Hefei Xinsheng held by Hefei Heping. Once upon completion of this transfer, Hefei Xinsheng will be a wholly-owned subsidiary of the Company. The difference of RMB795,126,980.00 between the cash payment and carrying financial liabilities was recorded into the current profit or loss as required by standards. |
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2019
1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well asHoldings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders | 1,434,390 (including 1,394,366 A-shareholders and 40,024 B-shareholders） | ||||||
| Top 10 shareholders | |||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Number of shares | Restricted shares | Shares in pledge or frozen | ||
| Status | Shares | ||||||
| Beijing State-owned Capital Operation and Management Center | State-owned legal person | 11.68% | 4,063,333,333 | 0 | N/A | 0 | |
| Chongqing Capital Opto-electronic Industry Investment Co., Ltd. | State-owned legal person | 7.60% | 2,643,863,541 | 0 | N/A | 0 | |
| Hefei Jianxiang Investment Co., Ltd. | State-owned legal person | 7.21% | 2,510,142,953 | 0 | N/A | 0 | |
| Beijing Yizhuang Investment Holdings Co., Ltd | State-owned legal person | 3.36% | 1,168,209,006 | 0 | N/A | 0 | |
| Beijing BOE Investment & Development Co., Ltd. | State-owned legal person | 2.36% | 822,092,180 | 0 | N/A | 0 | |
| Hong Kong Securities Clearing Company Ltd. | Foreign legal person | 1.37% | 477,597,769 | 0 | N/A | 0 |
| Beijing Electronics Holdings Co., Ltd. | State-owned legal person | 0.79% | 273,735,583 | 0 | N/A | 0 |
| Central Huijin Assets Management Co., Ltd | State-owned legal person | 0.71% | 248,305,300 | 0 | N/A | 0 |
| Xiamen Hengxing Group Co., Ltd. | Domestic non-state-owned legal person | 0.47% | 163,345,478 | 0 | N/A | 0 |
| China Securities Finance Corporation Limited | Domestic non-state-owned legal person | 0.38% | 132,480,249 | 0 | N/A | 0 |
| Top 10 unrestricted shareholders | ||||||
| Name of shareholder | Unrestricted shares | Shares by type | ||||
| Type | Shares | |||||
| Beijing State-owned Capital Operation and Management Center | 4,063,333,333 | RMB-denominated ordinary stock | 4,063,333,333 | |||
| Chongqing Capital Opto-electronic Industry Investment Co., Ltd. | 2,643,863,541 | RMB-denominated ordinary stock | 2,643,863,541 | |||
| Hefei Jianxiang Investment Co., Ltd. | 2,510,142,953 | RMB-denominated ordinary stock | 2,510,142,953 | |||
| Beijing Yizhuang Investment Holdings Co., Ltd | 1,168,209,006 | RMB-denominated ordinary stock | 1,168,209,006 | |||
| Beijing BOE Investment & Development Co., Ltd. | 822,092,180 | RMB-denominated ordinary stock | 822,092,180 | |||
| Hong Kong Securities Clearing Company Ltd. | 477,597,769 | RMB-denominated ordinary stock | 477,597,769 | |||
| Beijing Electronics Holdings Co., Ltd. | 273,735,583 | RMB-denominated ordinary stock | 273,735,583 | |||
| Central Huijin Assets Management Co., Ltd | 248,305,300 | RMB-denominated ordinary stock | 248,305,300 | |||
| Xiamen Hengxing Group Co., Ltd. | 163,345,478 | RMB-denominated ordinary stock | 163,345,478 | |||
| China Securities Finance Corporation Limited | 132,480,249 | RMB-denominated ordinary stock | 132,480,249 | |||
| Related or acting-in-concert parties among shareholders above | 1. Beijing State-owned Capital Operation and Management Center held 100% equities of Beijing Electronics Holdings Co., Ltd. 2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its controlling shareholder. 3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and | |||||
| Chongqing Capital Opto-electronic Industry Investment Co., Ltd., by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders. 4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Center handed over 70% of the shares directly held by it to Beijing Electronics Holdings Co., Ltd. for management through Stock Management Protocol, and Beijing Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for disposing right and usufruct of the shares, of which the rest 30% voting right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right. 5. Except for the above relationships, the Company does not know any other connected party or acting-in-concert party among the top 10 shareholders. | |
| Top 10 ordinary shareholders involved in securities margin trading | The Company’s shareholder Beijing Yizhuang Investment Holdings Co., Ltd. decreased its shareholding in the Company of 30,709,600 shares for involved in refinancing business. The Company’s shareholder Xiamen Hengxing Group Co., Ltd. holds 42,926,898 shares through the securities margin trading account. |
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of theCompany conducted any promissory repo during the Reporting Period.
□ Yes √ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
Part III Significant Events
I Changes in Key Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
1. The Construction in progress as at 30 September 2019 rose 35% compared to 31 December 2018, primarily driven by increasewith the progress of new projects in the Reporting Period.
2. Short-term borrowings as at 30 September 2019 rose 75% compared to 31 December 2018, primarily driven by optimization ofdebt structure and reduction of finance costs in the Reporting Period.
3. The current portion of non-current liabilities as at 30 September 2019 rose 88% compared to 31 December 2018, primarily drivenby the transfer of the current portion of long-term borrowings into this item in the Reporting Period.
4. Bonds payable as at 30 September 2019 declined 96% compared to 31 December 2018, primarily driven by the advance cashing ofcorporate bonds in the Reporting period.
5. R&D expense went up 75% during the Reporting Period compared to the same period of last year, primarily driven by a higheramount of R&D investment in the Reporting Period.
6. Finance costs went down 38% during the Reporting Period compared to the same period of last year, primarily driven by reductionof finance costs arising from repayments of carrying convertible creditor’s rights by the Company during the Reporting Period.
7. Asset impairment loss went up 51% during the Reporting Period compared to the same period of last year, primarily driven by anincrease in the inventory valuation allowance recorded in the Reporting Period according to the lower of cost and net realizablevalue.
8. Return on investment went down 71% during the Reporting Period compared to the same period of last year, primarily driven by adecrease in mature wealth management products in the Reporting Period.
9. Net cash generated from/used in financing activities went up 38% during the Reporting Period compared to the same period of lastyear, primarily driven by the putting in place of the project company’s investment funds as the progress of the new project.II Progress, Influence and Solutions with regard to Significant Events
√ Applicable □ Not applicable
1. The wholly-owned subsidiary, BOE Technology (Hong Kong) Co., Ltd., filed lawsuits to Beijing Municipal Higher People's Courtagainst following Defendants: Letv Mobile Intelligent Information Technology (Beijing) Co., Ltd. (referred to as “Letv Mobilehereinafter”) , TV Plus Holdings (Beijing) Limited, Leseil Mobile Technology (Beijing) Co., Ltd. and Jia Yueting, with the totalamount of claims being about US$41.84 million. Beijing Municipal Higher People's Court issued Notice of Case Acceptance andCivil Ruling Paper for property preservation on 6 July 2017 and 31 July 2017 respectively. Letv Mobile raised the jurisdictionobjection to Beijing Municipal Higher People's Court, which was rejected, and also instituted an appeal to the Supreme People'sCourt for verdict on jurisdiction objection. The final verdict of the Supreme People's Court is that the appeal of Letv Mobile isrejected and the original verdict is maintained. On 8 March 2019, the case was first heard in the Beijing Municipal Higher People’sCourt and the next step for the Company is to wait for notice or judgment from the court. For receivables corresponding toaforementioned amount of claims, the Company has counted provision for bad debts as per regulations in accounting standardaccordingly; therefore, it has uncertain influences on the Company.
| Summary of the significant event | Disclosure date | Index to the related announcement |
| Announcement on Signing Supplementary Agreement of Cooperation Agreement on Life Science and Technology Industrial Base Project (II) | 8 September 2019 | www.cninfo.com.cn |
Progress of any share repurchases:
□ Applicable √ Not applicable
Progress of any reduction of the repurchased shares through centralized bidding:
□ Applicable √ Not applicable
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
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV Securities Investments
√ Applicable □ Not applicable
Unit: RMB
| Variety of security | Symbol of security | Name of security | Initial investment cost | Accounting measurement model | Beginning carrying value | Gain/loss of changes in fair value in the Reporting Period | Accumulative changes in fair value recorded into equities | Purchased in the Reporting Period | Sold in the Reporting Period | Gain/loss in Reporting Period | Ending carrying value | Accounting title | Capital source |
| Domestic and overseas stock | HK00903 | TPV Technology | 134,658,158.00 | Fair value method | 25,613,279.00 | -24,470,177.00 | -133,515,055.00 | 0.00 | 0.00 | 471,354.00 | 1,143,103.00 | Other equity instruments investment | Self-owned funds |
| Domestic and overseas stock | SH600658 | Electronic Zone | 90,160,428.00 | Fair value method | 83,995,943.00 | 56,125,880.00 | 49,961,395.00 | 0.00 | 0.00 | 1,883,379.00 | 140,121,823.00 | Other equity instruments investment | Self-owned funds |
| Domestic and overseas stock | HK01963 | Bank of Chongqing | 120,084,375.00 | Fair value method | 98,705,065.00 | -4,000,184.00 | -40,472,517.00 | 0.00 | 0.00 | 3,859,812.00 | 98,835,126.00 | Other equity instruments investment | Self-owned funds |
| Domestic and overseas stock | HK06066 | China Securities | 70,041,364.00 | Fair value method | 44,412,577.00 | 12,415,268.00 | -12,468,379.00 | 0.00 | 0.00 | 2,044,411.00 | 58,945,138.00 | Other equity instruments investment | Self-owned funds |
| Domestic and | HK01518 | New Century | 140,848,850.00 | Fair value method | 125,909,253.00 | -72,588,144.00 | -87,705,450.00 | 0.00 | 0.00 | 0.00 | 57,630,071.00 | Other equity | Self-owned funds |
V Wealth Management Entrustment
√ Applicable □ Not applicable
Unit: RMB’0,000 (in RMB ten thousand yuan)
| Type of wealth management | Funding source | Principal | Outstanding amount before maturity | Overdue amount |
| Wealth management product purchased from bank and structural deposits | Self-funded | 674,150 | 455,750 | 0 |
| total | 674,150 | 455,750 | 0 | |
High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or no protection of the principal:
□ Applicable √ Not applicable
Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:
□ Applicable √ Not applicable
| overseas stock | Healthcare | instruments investment | |||||||||||
| Other securities investments held at the period-end | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | ||
| Total | 555,793,175.00 | -- | 378,636,117.00 | -32,517,357.00 | -224,200,006.00 | 0.00 | 0.00 | 8,258,956.00 | 356,675,261.00 | -- | -- | ||
| Disclosure date of the announcement about the board’s consent for the securities investment | N/A | ||||||||||||
| Disclosure date of the announcement about the general meeting’s consent for the securities investment (if any) | N/A | ||||||||||||
VI Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.VII Communications with the Investment Community such as Researches, Inquiries andInterviews during the Reporting Period
√ Applicable □ Not applicable
| Date | Way of communication | Type of communication party | Index to main information communicated |
| 24 July 2019 | One-on-one meeting | Institution | 1. the main situations of the industry 2. main operating information of the Company 3. innovations of technology and products 4. future strategy layout For details, see www.cninfo.com.cn |
| 27 August 2019 | By phone | Institution | |
| 4 September 2019 | One-on-one meeting | Institution | |
| 12 September 2019 | One-on-one meeting | Institution | |
| 25 September 2019 | One-on-one meeting | Institution | |
| 25 September 2019 | One-on-one meeting | Institution | |
| 26 September 2019 | One-on-one meeting | Individual |
VIII Irregularities in the Provision of Guarantees
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s Capital by the Controlling Shareholder or Its RelatedParties for Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Part IV Financial StatementsI Financial Statements
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB
| Item | 30 September 2019 | 31 December 2018 |
| Current assets: | ||
| Monetary capital | 48,537,145,034.00 | 51,481,539,711.00 |
| Settlement reserve | 0.00 | 0.00 |
| Interbank loans granted | 0.00 | 0.00 |
| Trading financial assets | 3,868,390,729.00 | 0.00 |
| Financial assets at fair value through profit or loss | 0.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 |
| Notes receivable | 178,506,526.00 | 656,781,577.00 |
| Accounts receivable | 20,394,423,858.00 | 19,880,680,518.00 |
| Accounts receivable financing | 0.00 | 0.00 |
| Prepayments | 1,150,697,091.00 | 770,633,448.00 |
| Premiums receivable | 0.00 | 0.00 |
| Reinsurance receivables | 0.00 | 0.00 |
| Receivable reinsurance contract reserve | 0.00 | 0.00 |
| Other receivables | 1,306,620,088.00 | 2,454,174,971.00 |
| Including: Interests receivable | 199,832,235.00 | 140,597,317.00 |
| Dividends receivable | 0.00 | 3,711,768.00 |
| Financial assets purchased under resale agreements | 0.00 | 0.00 |
| Inventories | 12,276,290,821.00 | 11,985,398,172.00 |
| Contractual assets | 0.00 | 0.00 |
| Assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current assets | 0.00 | 0.00 |
| Other current assets | 9,932,441,785.00 | 12,463,073,779.00 |
| Total current assets | 97,644,515,932.00 | 99,692,282,176.00 |
| Non-current assets: |
| Loans and advances to customers | 0.00 | 0.00 |
| Investments in debt obligations | 0.00 | 0.00 |
| Available-for-sale financial assets | 0.00 | 734,022,359.00 |
| Investments in other debt obligations | 0.00 | 0.00 |
| Held-to-maturity investments | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 |
| Long-term equity investments | 2,533,559,094.00 | 2,389,166,886.00 |
| Investments in other equity instruments | 699,346,221.00 | 0.00 |
| Other non-current financial assets | 2,066,450.00 | 0.00 |
| Investment property | 1,251,323,201.00 | 1,283,867,651.00 |
| Fixed assets | 127,361,926,032.00 | 128,157,730,995.00 |
| Construction in progress | 76,098,791,074.00 | 56,423,354,887.00 |
| Productive living assets | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 |
| Right-of-use assets | 0.00 | 0.00 |
| Intangible assets | 6,961,496,297.00 | 5,937,679,394.00 |
| R&D expense | 0.00 | 0.00 |
| Goodwill | 904,370,509.00 | 904,370,509.00 |
| Long-term prepaid expense | 391,205,648.00 | 360,640,853.00 |
| Deferred income tax assets | 230,327,653.00 | 252,373,622.00 |
| Other non-current assets | 10,321,749,983.00 | 7,893,002,053.00 |
| Total non-current assets | 226,756,162,162.00 | 204,336,209,209.00 |
| Total assets | 324,400,678,094.00 | 304,028,491,385.00 |
| Current liabilities: | ||
| Short-term borrowings | 9,510,291,178.00 | 5,449,954,885.00 |
| Borrowings from central bank | 0.00 | 0.00 |
| Interbank loans obtained | 0.00 | 0.00 |
| Trading financial liabilities | 0.00 | 0.00 |
| Financial liabilities at fair value through profit or loss | 0.00 | 0.00 |
| Derivative financial liabilities | 0.00 | 0.00 |
| Notes payable | 1,247,223,048.00 | 591,109,272.00 |
| Accounts payable | 19,207,745,420.00 | 22,213,956,616.00 |
| Advances from customers | 1,461,459,542.00 | 1,218,934,743.00 |
| Contractual liabilities | 0.00 | 0.00 |
| Financial assets sold under repurchase agreements | 0.00 | 0.00 |
| Customer deposits and interbank deposits | 0.00 | 0.00 |
| Payables for acting trading of securities | 0.00 | 0.00 |
| Payables for underwriting of securities | 0.00 | 0.00 |
| Payroll payable | 1,582,501,516.00 | 2,224,931,171.00 |
| Taxes payable | 585,637,520.00 | 970,108,298.00 |
| Other payables | 27,455,003,339.00 | 22,956,979,828.00 |
| Including: Interest payable | 369,070,169.00 | 1,016,761,921.00 |
| Dividends payable | 8,051,171.00 | 23,648,778.00 |
| Handling charges and commissions payable | 0.00 | 0.00 |
| Reinsurance payable | 0.00 | 0.00 |
| Liabilities directly associated with assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current liabilities | 10,509,608,124.00 | 5,597,563,204.00 |
| Other current liabilities | 1,241,583,180.00 | 1,004,557,061.00 |
| Total current liabilities | 72,801,052,867.00 | 62,228,095,078.00 |
| Non-current liabilities: | ||
| Insurance contract reserve | 0.00 | 0.00 |
| Long-term borrowings | 109,410,456,896.00 | 94,780,077,864.00 |
| Bonds payable | 384,965,694.00 | 10,288,666,233.00 |
| Including: Preferred shares | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 |
| Lease liabilities | 0.00 | 0.00 |
| Long-term payables | 1,123,611,940.00 | 1,416,092,239.00 |
| Long-term payroll payable | 0.00 | 0.00 |
| Provisions | 16,457,010.00 | 16,457,010.00 |
| Deferred income | 2,352,999,803.00 | 2,187,558,533.00 |
| Deferred income tax liabilities | 1,515,592,979.00 | 1,419,373,545.00 |
| Other non-current liabilities | 7,705,969,476.00 | 11,334,873,322.00 |
| Total non-current liabilities | 122,510,053,798.00 | 121,443,098,746.00 |
| Total liabilities | 195,311,106,665.00 | 183,671,193,824.00 |
| Owners’ equity: | ||
| Share capital | 34,798,398,763.00 | 34,798,398,763.00 |
| Other equity instruments | 0.00 | 0.00 |
| Including: Preferred shares | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 |
| Capital reserves | 38,240,644,938.00 | 38,213,100,596.00 |
| Less: Treasury stock | 0.00 | 0.00 |
| Other comprehensive income | -255,541,230.00 | -125,258,252.00 |
| Special reserves | 0.00 | 0.00 |
| Surplus reserves | 1,152,625,429.00 | 1,152,626,310.00 |
| General reserve | 0.00 | 0.00 |
| Retained earnings | 12,826,608,401.00 | 11,817,881,286.00 |
| Total equity attributable to owners of the Company as the parent | 86,762,736,301.00 | 85,856,748,703.00 |
| Non-controlling interests | 42,326,835,128.00 | 34,500,548,858.00 |
| Total owners’ equity | 129,089,571,429.00 | 120,357,297,561.00 |
| Total liabilities and owners’ equity | 324,400,678,094.00 | 304,028,491,385.00 |
Legal representative: Chen Yanshun President of the Company’s Execution Committee: Liu XiaodongChief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping
2. Balance Sheet of the Company as the Parent
Unit: RMB
| Item | 30 September 2019 | 31 December 2018 |
| Current assets: | ||
| Monetary capital | 1,382,345,299.00 | 3,829,814,050.00 |
| Trading financial assets | 0.00 | 0.00 |
| Financial assets at fair value through profit or loss | 0.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 |
| Notes receivable | 0.00 | 1,500,000.00 |
| Accounts receivable | 1,141,481,714.00 | 36,952,623.00 |
| Accounts receivable financing | 0.00 | 0.00 |
| Prepayments | 66,494,516.00 | 25,020,734.00 |
| Other receivables | 3,273,800,460.00 | 2,015,828,460.00 |
| Including: Interest receivable | 11,375,624.00 | 9,659,279.00 |
| Dividends receivable | 10,404,147.00 | 14,115,915.00 |
| Inventories | 12,851,513.00 | 9,289,141.00 |
| Contractual assets | 0.00 | 0.00 |
| Assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current assets | 150,000,000.00 | 450,000,000.00 |
| Other current assets | 16,676,131.00 | 47,805,096.00 |
| Total current assets | 6,043,649,633.00 | 6,416,210,104.00 |
| Non-current assets: | ||
| Investments in debt obligations | 0.00 | 0.00 |
| Available-for-sale financial assets | 0.00 | 128,297,254.00 |
| Investments in other debt obligations | 0.00 | 0.00 |
| Held-to-maturity investments | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 |
| Long-term equity investments | 149,524,795,210.00 | 143,499,733,485.00 |
| Investments in other equity instruments | 159,952,958.00 | 0.00 |
| Other non-current financial assets | 0.00 | 0.00 |
| Investment property | 282,935,963.00 | 290,253,475.00 |
| Fixed assets | 946,496,644.00 | 969,371,352.00 |
| Construction in progress | 301,483,939.00 | 251,314,313.00 |
| Productive living assets | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 |
| Right-of-use assets | 0.00 | 0.00 |
| Intangible assets | 1,522,170,424.00 | 514,186,496.00 |
| R&D expense | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 |
| Long-term prepaid expense | 107,306,817.00 | 99,701,797.00 |
| Deferred income tax assets | 224,671,813.00 | 290,794,548.00 |
| Other non-current assets | 82,216,747.00 | 284,243,667.00 |
| Total non-current assets | 153,152,030,515.00 | 146,327,896,387.00 |
| Total assets | 159,195,680,148.00 | 152,744,106,491.00 |
| Current liabilities: | ||
| Short-term borrowings | 4,660,000,000.00 | 1,000,000,000.00 |
| Trading financial liabilities | 0.00 | 0.00 |
| Financial liabilities at fair value through profit or loss | 0.00 | 0.00 |
| Derivative financial liabilities | 0.00 | 0.00 |
| Notes payable | 0.00 | 0.00 |
| Accounts payable | 81,092,199.00 | 35,322,286.00 |
| Advances from customers | 1,427,418,603.00 | 1,577,035,515.00 |
| Contractual liabilities | 0.00 | 0.00 |
| Payroll payable | 132,962,108.00 | 201,139,261.00 |
| Taxes payable | 39,814,864.00 | 250,558,556.00 |
| Other payables | 5,361,530,234.00 | 8,209,736,090.00 |
| Including: Interest payable | 252,600,302.00 | 330,964,989.00 |
| Dividends payable | 6,451,171.00 | 6,451,171.00 |
| Liabilities directly associated with assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current liabilities | 2,263,400,000.00 | 2,590,000,000.00 |
| Other current liabilities | 15,060,807.00 | 0.00 |
| Total current liabilities | 13,981,278,815.00 | 13,863,791,708.00 |
| Non-current liabilities: | ||
| Long-term borrowings | 33,237,742,361.00 | 26,520,000,000.00 |
| Bonds payable | 0.00 | 9,976,533,425.00 |
| Including: Preferred shares | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 |
| Lease liabilities | 0.00 | 0.00 |
| Long-term payables | 0.00 | 0.00 |
| Long-term payroll payable | 0.00 | 0.00 |
| Provisions | 0.00 | 0.00 |
| Deferred income | 4,848,876,487.00 | 5,523,949,841.00 |
| Deferred income tax liabilities | 0.00 | 0.00 |
| Other non-current liabilities | 29,897,240,829.00 | 20,954,104,125.00 |
| Total non-current liabilities | 67,983,859,677.00 | 62,974,587,391.00 |
| Total liabilities | 81,965,138,492.00 | 76,838,379,099.00 |
| Owners’ equity: | ||
| Share capital | 34,798,398,763.00 | 34,798,398,763.00 |
| Other equity instruments | 0.00 | 0.00 |
| Including: Preferred shares | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 |
| Capital reserves | 37,599,121,411.00 | 37,590,966,191.00 |
| Less: Treasury stock | 0.00 | 0.00 |
| Other comprehensive income | -82,341,718.00 | -28,507,585.00 |
| Special reserves | 0.00 | 0.00 |
| Surplus reserves | 1,152,625,429.00 | 1,152,626,310.00 |
| Retained earnings | 3,762,737,771.00 | 2,392,243,713.00 |
| Total owners’ equity | 77,230,541,656.00 | 75,905,727,392.00 |
| Total liabilities and owners’ equity | 159,195,680,148.00 | 152,744,106,491.00 |
3. Consolidated Income Statement for Q3
Unit: RMB
| Item | Q3 2019 | Q3 2018 |
| 1. Revenue | 30,682,823,546.00 | 25,990,508,323.00 |
| Including: Operating revenue | 30,682,823,546.00 | 25,990,508,323.00 |
| Interest income | 0.00 | 0.00 |
| Premium income | 0.00 | 0.00 |
| Handling charge and commission income | 0.00 | 0.00 |
| 2. Costs and expenses | 31,097,785,874.00 | 25,699,006,841.00 |
| Including: Cost of sales | 27,057,692,052.00 | 21,245,420,721.00 |
| Interest expense | 0.00 | 0.00 |
| Handling charge and commission expense | 0.00 | 0.00 |
| Surrenders | 0.00 | 0.00 |
| Net claims paid | 0.00 | 0.00 |
| Net amount provided as policy reserve | 0.00 | 0.00 |
| Expenditure on policy dividends | 0.00 | 0.00 |
| Reinsurance premium expense | 0.00 | 0.00 |
| Taxes and surcharges | 214,937,325.00 | 200,057,483.00 |
| Selling expense | 631,659,702.00 | 751,560,070.00 |
| Administrative expense | 1,371,592,653.00 | 1,471,377,632.00 |
| R&D expense | 1,607,788,491.00 | 989,103,251.00 |
| Finance costs | 214,115,651.00 | 1,041,487,684.00 |
| Including: Interest expense | 64,529,664.00 | 852,142,227.00 |
| Interest income | 238,386,295.00 | 195,757,126.00 |
| Add: Other income | 274,484,937.00 | 357,114,751.00 |
| Return on investment (“-” for loss) | 62,422,694.00 | 91,641,762.00 |
| Including: Share of profit or loss of joint ventures and associates | 40,210,928.00 | -2,412,689.00 |
| Derecognition income of financial assets measured at amortized cost | 0.00 | 0.00 |
| Foreign exchange gain (“-” for loss) | 0.00 | 0.00 |
| Net gain on exposure hedges (“-” for loss) | 0.00 | 0.00 |
| Gain on changes in fair value (“-” for loss) | 75,790,778.00 | 0.00 |
| Credit impairment loss (“-” for loss) | -811,324.00 | 0.00 |
| Assets impairment loss (“-” for loss) | -584,698,398.00 | -325,305,398.00 |
| Asset disposal income (“-” for loss) | -599,481.00 | -431,247.00 |
| 3. Operating profit (“-” for loss) | -588,373,122.00 | 414,521,350.00 |
| Add: Non-operating income | 28,303,377.00 | 32,215,068.00 |
| Less: Non-operating expense | 18,339,210.00 | 25,909,519.00 |
| 4. Profit before tax (“-” for loss) | -578,408,955.00 | 420,826,899.00 |
| Less: Income tax expense | 218,461,783.00 | 279,701,576.00 |
| 5. Net profit (“-” for net loss) | -796,870,738.00 | 141,125,323.00 |
| 5.1 By operating continuity | ||
| 5.1.1 Net profit from continuing operations (“-” for net loss) | -796,870,738.00 | 141,125,323.00 |
| 5.1.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5.2 By ownership | ||
| 5.2.1 Net profit attributable to owners of the Company as the parent | 183,791,110.00 | 403,860,235.00 |
| 5.2.2 Net profit attributable to non-controlling interests | -980,661,848.00 | -262,734,912.00 |
| 6. Other comprehensive income, net of tax | 40,095,872.00 | -19,565,137.00 |
| Attributable to owners of the Company as the parent | 27,776,614.00 | -68,881,892.00 |
| 6.1 Items that will not be reclassified to profit or loss | -23,120,769.00 | 0.00 |
| 6.1.1 Changes caused by remeasurements on defined benefit pension schemes | 0.00 | 0.00 |
| 6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method | 0.00 | 0.00 |
| 6.1.3 Changes in the fair value of investments in other equity instruments | -23,120,769.00 | 0.00 |
| 6.1.4 Changes in the fair value of the company’s credit risks | 0.00 | 0.00 |
| 6.1.5 Other | 0.00 | 0.00 |
| 6.2 Items that will be reclassified to profit or loss | 50,897,383.00 | -68,881,892.00 |
| 6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method | 0.00 | 0.00 |
| 6.2.2 Changes in the fair value of investments in other debt obligations | 0.00 | 0.00 |
| 6.2.3 Gain/Loss on changes in the fair value of available-for-sale | 0.00 | -51,328,248.00 |
| financial assets | ||
| 6.2.4 Other comprehensive income arising from the reclassification of financial assets | 0.00 | 0.00 |
| 6.2.5 Gain/Loss arising from the reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 6.2.6 Allowance for credit impairments in investments in other debt obligations | 0.00 | 0.00 |
| 6.2.7 Reserve for cash flow hedges | 0.00 | 0.00 |
| 6.2.8 Differences arising from the translation of foreign currency-denominated financial statements | 50,897,383.00 | -17,553,644.00 |
| 6.2.9 Other | 0.00 | 0.00 |
| Attributable to non-controlling interests | 12,319,258.00 | 49,316,755.00 |
| 7. Total comprehensive income | -756,774,866.00 | 121,560,186.00 |
| Attributable to owners of the Company as the parent | 211,567,724.00 | 334,978,343.00 |
| Attributable to non-controlling interests | -968,342,590.00 | -213,418,157.00 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.005 | 0.012 |
| 8.2 Diluted earnings per share | 0.005 | 0.012 |
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.Legal representative: Chen Yanshun President of the Company’s Execution Committee: Liu XiaodongChief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping
4. Income Statement of the Company as the Parent for Q3
Unit: RMB
| Item | Q3 2019 | Q3 2018 |
| 1. Operating revenue | 804,092,949.00 | 880,896,282.00 |
| Less: Cost of sales | 4,639,853.00 | 11,375,516.00 |
| Taxes and surcharges | 13,328,825.00 | 10,756,707.00 |
| Selling expense | 0.00 | 114,342.00 |
| Administrative expense | 177,461,557.00 | 208,556,956.00 |
| R&D expense | 562,250,371.00 | 333,106,008.00 |
| Finance costs | 247,532,655.00 | 287,967,713.00 |
| Including: Interest expense | 241,987,314.00 | 296,503,529.00 |
| Interest income | 6,493,528.00 | 10,680,666.00 |
| Add: Other income | 234,796,640.00 | 230,746,114.00 |
| Return on investment (“-” for loss) | 40,393,087.00 | -2,272,624.00 |
| Including: Share of profit or loss of joint ventures and associates | 40,210,928.00 | -2,281,972.00 |
| Derecognition income of financial assets measured at amortized cost | 0.00 | 0.00 |
| Net gain on exposure hedges (“-” for loss) | 0.00 | 0.00 |
| Gain on changes in fair value (“-” for loss) | 0.00 | 0.00 |
| Credit impairment loss (“-” for loss) | 0.00 | 0.00 |
| Assets impairment loss (“-” for loss) | 0.00 | 0.00 |
| Asset disposal income (“-” for loss) | 0.00 | 0.00 |
| 2. Operating profit (“-” for loss) | 74,069,415.00 | 257,492,530.00 |
| Add: Non-operating income | 127,852.00 | 1,026,267.00 |
| Less: Non-operating expense | 126,852.00 | 1,532,297.00 |
| 3. Profit before tax (“-” for loss) | 74,070,415.00 | 256,986,500.00 |
| Less: Income tax expense | 20,460,727.00 | 30,344,396.00 |
| 4. Net profit (“-” for net loss) | 53,609,688.00 | 226,642,104.00 |
| 4.1 Net profit from continuing operations (“-” for net loss) | 53,609,688.00 | 226,642,104.00 |
| 4.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5. Other comprehensive income, net of tax | 17,375,934.00 | -4,076,480.00 |
| 5.1 Items that will not be reclassified to profit or loss | 17,375,934.00 | 0.00 |
| 5.1.1 Changes caused by remeasurements on defined benefit pension schemes | 0.00 | 0.00 |
| 5.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method | 0.00 | 0.00 |
| 5.1.3 Changes in the fair value of investments in other equity instruments | 17,375,934.00 | 0.00 |
| 5.1.4 Changes in the fair value of the company’s credit risks | 0.00 | 0.00 |
| 5.1.5 Other | 0.00 | 0.00 |
| 5.2 Items that will be reclassified to profit or loss | 0.00 | -4,076,480.00 |
| 5.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method | 0.00 | 0.00 |
| 5.2.2 Changes in the fair value of investments in other debt obligations | 0.00 | 0.00 |
| 5.2.3 Gain/Loss on changes in the fair value of available-for-sale financial assets | 0.00 | -4,076,480.00 |
| 5.2.4 Other comprehensive income arising from the reclassification of financial assets | 0.00 | 0.00 |
| 5.2.5 Gain/Loss arising from the reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 5.2.6 Allowance for credit impairments in investments in other debt obligations | 0.00 | 0.00 |
| 5.2.7 Reserve for cash flow hedges | 0.00 | 0.00 |
| 5.2.8 Differences arising from the translation of foreign currency-denominated financial statements | 0.00 | 0.00 |
| 5.2.9 Other | 0.00 | 0.00 |
| 6. Total comprehensive income | 70,985,622.00 | 222,565,624.00 |
| 7. Earnings per share | ||
| 7.1 Basic earnings per share | 0.0015 | 0.0065 |
| 7.2 Diluted earnings per share | 0.0015 | 0.0065 |
5. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2019 | Q1~Q3 2018 |
| 1. Revenue | 85,722,032,233.00 | 69,464,413,289.00 |
| Including: Operating revenue | 85,722,032,233.00 | 69,464,413,289.00 |
| Interest income | 0.00 | 0.00 |
| Premium income | 0.00 | 0.00 |
| Handling charge and commission income | 0.00 | 0.00 |
| 2. Operating costs and expenses | 84,988,854,900.00 | 67,386,014,248.00 |
| Including: Cost of sales | 72,870,025,283.00 | 56,390,002,852.00 |
| Interest expense | 0.00 | 0.00 |
| Handling charge and commission expense | 0.00 | 0.00 |
| Surrenders | 0.00 | 0.00 |
| Net claims paid | 0.00 | 0.00 |
| Net amount provided as policy reserve | 0.00 | 0.00 |
| Expenditure on policy dividends | 0.00 | 0.00 |
| Reinsurance premium expense | 0.00 | 0.00 |
| Taxes and surcharges | 639,790,732.00 | 502,623,237.00 |
| Selling expense | 1,996,946,988.00 | 2,046,342,664.00 |
| Administrative expense | 3,568,776,147.00 | 3,615,086,182.00 |
| R&D expense | 4,532,446,727.00 | 2,589,297,974.00 |
| Finance costs | 1,380,869,023.00 | 2,242,661,339.00 |
| Including: Interest expense | 1,600,091,473.00 | 2,279,883,467.00 |
| Interest income | 637,209,152.00 | 541,745,812.00 |
| Add: Other income | 1,392,437,864.00 | 2,261,274,910.00 |
| Investment income (“-” for loss) | 75,988,065.00 | 258,565,775.00 |
| Including: Share of profit or loss of joint ventures and associates | 23,638,967.00 | -31,991,268.00 |
| Derecognition income of financial assets measured at amortized cost | 0.00 | 0.00 |
| Foreign exchange gain (“-” for loss) | 0.00 | 0.00 |
| Net gain on exposure hedges (“-” for loss) | 0.00 | 0.00 |
| Gain on changes in fair value (“-” for loss) | 131,456,933.00 | 0.00 |
| Credit impairment loss (“-” for loss) | -21,041,769.00 | 0.00 |
| Assets impairment loss (“-” for loss) | -1,182,805,265.00 | -783,454,658.00 |
| Asset disposal income (“-” for loss) | -225,802.00 | -589,758.00 |
| 3. Operating profit (“-” for loss) | 1,128,987,359.00 | 3,814,195,310.00 |
| Add: Non-operating income | 124,646,909.00 | 128,856,936.00 |
| Less: Non-operating expense | 30,187,550.00 | 33,563,330.00 |
| 4. Profit before tax (“-” for loss) | 1,223,446,718.00 | 3,909,488,916.00 |
| Less: Income tax expense | 892,236,824.00 | 939,270,136.00 |
| 5. Net profit (“-” for net loss) | 331,209,894.00 | 2,970,218,780.00 |
| 5.1 By operating continuity (“-” for net loss) | ||
| 5.1.1 Net profit from continuing operations (“-” for net loss) | 331,209,894.00 | 2,970,218,780.00 |
| 5.1.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5.2 By ownership | ||
| 5.2.1 Net profit attributable to owners of the Company as the parent | 1,852,239,559.00 | 3,379,066,735.00 |
| 5.2 2. Net profit attributable to non-controlling interests | -1,521,029,665.00 | -408,847,955.00 |
| 6. Other comprehensive income, net of tax | 88,992,377.00 | -242,834,533.00 |
| Attributable to owners of the Company as the parent | 75,908,403.00 | -307,168,409.00 |
| 6.1 Items that will not be reclassified to profit or loss | -46,727,821.00 | 0.00 |
| 6.1.1 Changes in net liabilities or assets caused by remeasurements on defined benefit pension schemes | 0.00 | 0.00 |
| 6.1.2 Share of other comprehensive income of investees that will | 0.00 | 0.00 |
| not be reclassified to profit or loss under equity method | ||
| 6.1.3 Changes in the fair value of investments in other equity instruments | -46,727,821.00 | 0.00 |
| 6.1.4 Changes in the fair value of the company’s credit risks | 0.00 | 0.00 |
| 6.1.5 Other | 0.00 | 0.00 |
| 6.2 Items that may subsequently be reclassified to profit or loss | 122,636,224.00 | -307,168,409.00 |
| 6.2.1 Share of other comprehensive income of investees that will be reclassified to profit or loss under equity method | 175,359,777.00 | 0.00 |
| 6.2.2 Changes in the fair value of investments in other debt obligations | 0.00 | 0.00 |
| 6.2.3 Gain/Loss on changes in fair value of available-for-sale financial assets | 0.00 | -142,383,300.00 |
| 6.2.4. Other comprehensive income arising from the reclassification of financial assets | 0.00 | 0.00 |
| 6.2.5 Gain/Loss arising from reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 6.2.6 Allowance for credit impairments in investments in other debt obligations | 0.00 | 0.00 |
| 6.2.7 Reserve for cash flow hedges | 0.00 | 0.00 |
| 6.2.8 Differences arising from translation of foreign currency-denominated financial statements | -52,723,553.00 | -164,785,109.00 |
| 6.2.9 Other | 0.00 | 0.00 |
| Attributable to non-controlling interests | 13,083,974.00 | 64,333,876.00 |
| 7. Total comprehensive income | 420,202,271.00 | 2,727,384,247.00 |
| Attributable to owners of the Company as the parent | 1,928,147,962.00 | 3,071,898,326.00 |
| Attributable to non-controlling interests | -1,507,945,691.00 | -344,514,079.00 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.053 | 0.097 |
| 8.2 Diluted earnings per share | 0.053 | 0.097 |
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.Legal representative: Chen Yanshun President of the Company’s Execution Committee: Liu XiaodongChief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping
6. Income Statement of the Company as the Parent for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2019 | Q1~Q3 2018 |
| 1. Operating revenue | 3,693,788,781.00 | 3,027,757,238.00 |
| Less: Cost of sales | 13,866,441.00 | 24,162,249.00 |
| Taxes and surcharges | 32,091,950.00 | 34,788,558.00 |
| Selling expense | 0.00 | 547,948.00 |
| Administrative expense | 480,568,050.00 | 535,278,413.00 |
| R&D expense | 1,496,046,336.00 | 826,657,662.00 |
| Finance costs | 737,047,649.00 | 666,905,601.00 |
| Including: Interest expense | 746,772,224.00 | 696,539,636.00 |
| Interest income | 24,854,626.00 | 31,590,749.00 |
| Add: Other income | 702,776,927.00 | 763,173,779.00 |
| Investment income (“-” for loss) | 832,587,366.00 | 882,196,406.00 |
| Including: Share of profit or loss of joint ventures and associates | 23,691,240.00 | -19,884,534.00 |
| Derecognition income of financial assets measured at amortized cost | 0.00 | 0.00 |
| Net gain on exposure hedges (“-” for loss) | 0.00 | 0.00 |
| Gain on changes in fair value (“-” for loss) | 0.00 | 0.00 |
| Credit impairment loss (“-” for loss) | -7,044,401.00 | 0.00 |
| Assets impairment loss (“-” for loss) | 0.00 | 0.00 |
| Asset disposal income (“-” for loss) | 0.00 | 0.00 |
| 2. Operating profit (“-” for loss) | 2,462,488,247.00 | 2,584,786,992.00 |
| Add: Non-operating income | 2,575,137.00 | 4,344,115.00 |
| Less: Non-operating expense | 975,890.00 | 2,108,640.00 |
| 3. Profit before tax (“-” for loss) | 2,464,087,494.00 | 2,587,022,467.00 |
| Less: Income tax expense | 305,734,696.00 | 244,757,659.00 |
| 4. Net profit (“-” for net loss) | 2,158,352,798.00 | 2,342,264,808.00 |
| 4.1 Net profit from continuing operations (“-” for net loss) | 2,158,352,798.00 | 2,342,264,808.00 |
| 4.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5. Other comprehensive income, net of tax | 202,267,125.00 | -38,943,481.00 |
| 5.1 Items that will not be reclassified to profit or loss | 26,907,348.00 | 0.00 |
| 5.1.1 Changes in net liabilities or assets caused by remeasurements on defined benefit pension schemes | 0.00 | 0.00 |
| 5.1.2 Share of other comprehensive income of investees that will not be reclassified to profit or loss under equity method | 0.00 | 0.00 |
| 5.1.3 Changes in the fair value of investments in other debt obligations | 26,907,348.00 | 0.00 |
| 5.1.4 Changes in the fair value of the company’s credit risks | 0.00 | 0.00 |
| 5.1.5 Other | 0.00 | 0.00 |
| 5.2 Items that may subsequently be reclassified to profit or loss | 175,359,777.00 | -38,943,481.00 |
| 5.2.1 Share of other comprehensive income of investees that will be reclassified to profit or loss under equity method | 175,359,777.00 | 0.00 |
| 5.2.2 Changes in the fair value of investments in other debt obligations | 0.00 | 0.00 |
| 5.2.3 Gain/Loss on changes in fair value of available-for-sale financial assets | 0.00 | -38,943,481.00 |
| 5.2.4 Other comprehensive income arising from the reclassification of financial assets | 0.00 | 0.00 |
| 5.2.5 Gain/Loss arising from reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 5.2.6 Allowance for credit impairments in investments in other debt obligations | 0.00 | 0.00 |
| 5.2.7 Reserve for cash flow hedges | 0.00 | 0.00 |
| 5.2.8 Differences arising from translation of foreign currency-denominated financial statements | 0.00 | 0.00 |
| 5.2.9 Other | 0.00 | 0.00 |
| 6. Total comprehensive income | 2,360,619,923.00 | 2,303,321,327.00 |
| 7. Earnings per share | ||
| 7.1 Basic earnings per share | 0.0620 | 0.0673 |
| 7.2 Diluted earnings per share | 0.0620 | 0.0673 |
7. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2019 | Q1~Q3 2018 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 90,795,247,871.00 | 60,772,530,957.00 |
| Net increase in customer deposits and interbank deposits | 0.00 | 0.00 |
| Net increase in borrowings from central bank | 0.00 | 0.00 |
| Net increase in loans from other financial institutions | 0.00 | 0.00 |
| Premiums received on original insurance contracts | 0.00 | 0.00 |
| Net proceeds from reinsurance | 0.00 | 0.00 |
| Net increase in deposits and investments of policy holders | 0.00 | 0.00 |
| Interest, handling charges and commissions received | 0.00 | 0.00 |
| Net increase in interbank loans obtained | 0.00 | 0.00 |
| Net increase in proceeds from repurchase transactions | 0.00 | 0.00 |
| Net proceeds from acting trading of securities | 0.00 | 0.00 |
| Tax rebates | 5,540,874,958.00 | 6,005,591,808.00 |
| Cash generated from other operating activities | 5,004,310,777.00 | 4,658,687,543.00 |
| Subtotal of cash generated from operating activities | 101,340,433,606.00 | 71,436,810,308.00 |
| Payments for commodities and services | 68,399,418,986.00 | 38,239,152,251.00 |
| Net increase in loans and advances to customers | 0.00 | 0.00 |
| Net increase in deposits in central bank and in interbank loans granted | 0.00 | 0.00 |
| Payments for claims on original insurance contracts | 0.00 | 0.00 |
| Net increase in interbank loans granted | 0.00 | 0.00 |
| Interest, handling charges and commissions paid | 0.00 | 0.00 |
| Policy dividends paid | 0.00 | 0.00 |
| Cash paid to and for employees | 8,056,691,079.00 | 7,486,983,925.00 |
| Taxes paid | 2,790,851,592.00 | 2,335,162,753.00 |
| Cash used in other operating activities | 5,566,482,540.00 | 4,935,757,639.00 |
| Subtotal of cash used in operating activities | 84,813,444,197.00 | 52,997,056,568.00 |
| Net cash generated from/used in operating activities | 16,526,989,409.00 | 18,439,753,740.00 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | 26,937,918,625.00 | 56,395,382,400.00 |
| Return on investment | 341,466,867.00 | 640,439,103.00 |
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 33,905,351.00 | 24,665,452.00 |
| Net proceeds from the disposal of subsidiaries and other business units | 0.00 | 0.00 |
| Cash generated from other investing activities | 1,110,244,320.00 | 3,274,861,792.00 |
| Subtotal of cash generated from investing activities | 28,423,535,163.00 | 60,335,348,747.00 |
| Payments for the acquisition of fixed assets, intangible assets and other long-lived assets | 37,854,619,360.00 | 37,753,522,657.00 |
| Payments for investments | 24,285,645,875.00 | 54,265,549,688.00 |
| Net increase in pledged loans granted | 0.00 | 0.00 |
| Net payments for the acquisition of subsidiaries and other business units | 0.00 | 0.00 |
| Cash used in other investing activities | 81,359,067.00 | 505,424,898.00 |
| Subtotal of cash used in investing activities | 62,221,624,302.00 | 92,524,497,243.00 |
| Net cash generated from/used in investing activities | -33,798,089,139.00 | -32,189,148,496.00 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 9,396,220,000.00 | 4,212,024,400.00 |
| Including: Capital contributions by non-controlling interests to subsidiaries | 9,396,220,000.00 | 4,212,024,400.00 |
| Borrowings obtained | 37,923,426,290.00 | 28,080,875,769.00 |
| Cash generated from other financing activities | 357,634,475.00 | 1,831,147,947.00 |
| Subtotal of cash generated from financing activities | 47,677,280,765.00 | 34,124,048,116.00 |
| Repayments of borrowings | 25,867,488,701.00 | 16,354,302,160.00 |
| Payments for interest and dividends | 5,442,071,700.00 | 5,874,569,087.00 |
| Including: Dividends paid by subsidiaries to non-controlling interests | 36,394,420.00 | 0.00 |
| Cash used in other financing activities | 259,564,952.00 | 213,480,875.00 |
| Subtotal of cash used in financing activities | 31,569,125,353.00 | 22,442,352,122.00 |
| Net cash generated from/used in financing activities | 16,108,155,412.00 | 11,681,695,994.00 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | 457,359,826.00 | 827,974,389.00 |
| 5. Net increase in cash and cash equivalents | -705,584,492.00 | -1,239,724,373.00 |
| Add: Cash and cash equivalents, beginning of the period | 43,350,696,520.00 | 47,913,287,583.00 |
| 6. Cash and cash equivalents, end of the period | 42,645,112,028.00 | 46,673,563,210.00 |
8. Cash Flow Statement of the Company as the Parent for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2019 | Q1~Q3 2018 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 3,672,204,949.00 | 3,396,625,349.00 |
| Tax rebates | 0.00 | 25,803,518.00 |
| Cash generated from other operating activities | 348,439,553.00 | 624,672,967.00 |
| Subtotal of cash generated from operating activities | 4,020,644,502.00 | 4,047,101,834.00 |
| Payments for commodities and services | 2,417,299,531.00 | 398,673,820.00 |
| Cash paid to and for employees | 911,369,102.00 | 699,458,250.00 |
| Taxes paid | 662,913,180.00 | 367,901,747.00 |
| Cash used in other operating activities | 430,459,939.00 | 234,107,331.00 |
| Subtotal of cash used in operating activities | 4,422,041,752.00 | 1,700,141,148.00 |
| Net cash generated from/used in operating activities | -401,397,250.00 | 2,346,960,686.00 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | 366,360,000.00 | 506,160,000.00 |
| Return on investment | 638,155,513.00 | 785,144,132.00 |
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 740.00 | 232,676.00 |
| Net proceeds from the disposal of subsidiaries and other business units | 0.00 | 0.00 |
| Cash generated from other investing activities | 568,637,974.00 | 3,516,832,697.00 |
| Subtotal of cash generated from investing activities | 1,573,154,227.00 | 4,808,369,505.00 |
| Payments for the acquisition of fixed assets, intangible assets and other long-lived assets | 986,386,306.00 | 221,434,709.00 |
| Payments for investments | 6,011,944,700.00 | 18,757,457,360.00 |
| Net payments for the acquisition of subsidiaries and other business units | 0.00 | 0.00 |
| Cash used in other investing activities | 2,317,224,712.00 | 200,000,400.00 |
| Subtotal of cash used in investing activities | 9,315,555,718.00 | 19,178,892,469.00 |
| Net cash generated from/used in investing activities | -7,742,401,491.00 | -14,370,522,964.00 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 0.00 | 0.00 |
| Borrowings obtained | 15,791,142,361.00 | 10,367,000,000.00 |
| Cash generated from other financing activities | 9,161,162,232.00 | 16,993,246,939.00 |
| Subtotal of cash generated from financing activities | 24,952,304,593.00 | 27,360,246,939.00 |
| Repayments of borrowings | 14,143,195,075.00 | 3,932,732,992.00 |
| Payments for interest and dividends | 1,912,890,527.00 | 2,255,848,689.00 |
| Cash used in other financing activities | 3,201,796,768.00 | 7,500,000,000.00 |
| Subtotal of cash used in financing activities | 19,257,882,370.00 | 13,688,581,681.00 |
| Net cash generated from/used in financing activities | 5,694,422,223.00 | 13,671,665,258.00 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | 1,907,767.00 | 98,891,103.00 |
| 5. Net increase in cash and cash equivalents | -2,447,468,751.00 | 1,746,994,083.00 |
| Add: Cash and cash equivalents, beginning of the period | 3,829,814,050.00 | 2,990,801,501.00 |
| 6. Cash and cash equivalents, end of the period | 1,382,345,299.00 | 4,737,795,584.00 |
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the Execution of any New StandardsGoverning Financial Instruments, Revenue or Leases from 2019
√ Applicable □ Not applicable
Consolidated Balance Sheet
Unit: RMB
| Item | 31 December 2018 | 1 January 2019 | Adjusted |
| Current assets: | |||
| Monetary capital | 51,481,539,711.00 | 51,481,539,711.00 | 0.00 |
| Settlement reserve | 0.00 | 0.00 | 0.00 |
| Interbank loans granted | 0.00 | 0.00 | 0.00 |
| Trading financial assets | 0.00 | 5,534,413,566.00 | 5,534,413,566.00 |
| Financial assets at fair value through profit or loss | 0.00 | 0.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 | 0.00 |
| Notes receivable | 656,781,577.00 | 656,781,577.00 | 0.00 |
| Accounts receivable | 19,880,680,518.00 | 19,874,667,809.00 | -6,012,709.00 |
| Accounts receivable financing | 0.00 | 0.00 | 0.00 |
| Prepayments | 770,633,448.00 | 770,633,448.00 | 0.00 |
| Premiums receivable | 0.00 | 0.00 | 0.00 |
| Reinsurance receivables | 0.00 | 0.00 | 0.00 |
| Receivable reinsurance contract reserve | 0.00 | 0.00 | 0.00 |
| Other receivables | 2,454,174,971.00 | 2,453,289,708.00 | -885,263.00 |
| Including: Interest receivable | 140,597,317.00 | 140,597,317.00 | 0.00 |
| Dividends receivable | 3,711,768.00 | 3,711,768.00 | 0.00 |
| Financial assets purchased under resale agreements | 0.00 | 0.00 | 0.00 |
| Inventories | 11,985,398,172.00 | 11,985,398,172.00 | 0.00 |
| Contractual assets | 0.00 | 0.00 | 0.00 |
| Assets classified as held for sale | 0.00 | 0.00 | 0.00 |
| Current portion of non-current assets | 0.00 | 0.00 | 0.00 |
| Other current assets | 12,463,073,779.00 | 6,928,660,213.00 | -5,534,413,566.00 |
| Total current assets | 99,692,282,176.00 | 99,685,384,204.00 | -6,897,972.00 |
| Non-current assets: | |||
| Loans and advances to customers | 0.00 | 0.00 | 0.00 |
| Investments in debt obligations | 0.00 | 0.00 | 0.00 |
| Available-for-sale financial assets | 734,022,359.00 | 0.00 | -734,022,359.00 |
| Investments in other debt obligations | 0.00 | 0.00 | 0.00 |
| Held-to-maturity investments | 0.00 | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 | 0.00 |
| Long-term equity investments | 2,389,166,886.00 | 2,389,166,886.00 | 0.00 |
| Investments in other equity instruments | 0.00 | 721,155,927.00 | 721,155,927.00 |
| Other non-current financial assets | 0.00 | 12,866,432.00 | 12,866,432.00 |
| Investment property | 1,283,867,651.00 | 1,283,867,651.00 | 0.00 |
| Fixed assets | 128,157,730,995.00 | 128,157,730,995.00 | 0.00 |
| Construction in progress | 56,423,354,887.00 | 56,423,354,887.00 | 0.00 |
| Productive living assets | 0.00 | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 | 0.00 |
| Right-of-use assets | 0.00 | 0.00 | 0.00 |
| Intangible assets | 5,937,679,394.00 | 5,937,679,394.00 | 0.00 |
| R&D expense | 0.00 | 0.00 | 0.00 |
| Goodwill | 904,370,509.00 | 904,370,509.00 | 0.00 |
| Long-term prepaid expense | 360,640,853.00 | 360,640,853.00 | 0.00 |
| Deferred income tax assets | 252,373,622.00 | 252,373,622.00 | 0.00 |
| Other non-current assets | 7,893,002,053.00 | 7,893,002,053.00 | 0.00 |
| Total non-current assets | 204,336,209,209.00 | 204,336,209,209.00 | 0.00 |
| Total assets | 304,028,491,385.00 | 304,021,593,413.00 | -6,897,972.00 |
| Current liabilities: | |||
| Short-term borrowings | 5,449,954,885.00 | 5,449,954,885.00 | 0.00 |
| Borrowings from central bank | 0.00 | 0.00 | 0.00 |
| Interbank loans obtained | 0.00 | 0.00 | 0.00 |
| Trading financial liabilities | 0.00 | 0.00 | 0.00 |
| Financial liabilities at fair value through profit or loss | 0.00 | 0.00 | 0.00 |
| Derivative financial liabilities | 0.00 | 0.00 | 0.00 |
| Notes payable | 591,109,272.00 | 591,109,272.00 | 0.00 |
| Accounts payable | 22,213,956,616.00 | 22,213,956,616.00 | 0.00 |
| Advances from customers | 1,218,934,743.00 | 1,218,934,743.00 | 0.00 |
| Contractual liabilities | 0.00 | 0.00 | 0.00 |
| Financial assets sold under repurchase agreements | 0.00 | 0.00 | 0.00 |
| Customer deposits and interbank deposits | 0.00 | 0.00 | 0.00 |
| Payables for acting trading of securities | 0.00 | 0.00 | 0.00 |
| Payables for underwriting of securities | 0.00 | 0.00 | 0.00 |
| Payroll payable | 2,224,931,171.00 | 2,224,931,171.00 | 0.00 |
| Taxes payable | 970,108,298.00 | 970,108,298.00 | 0.00 |
| Other payables | 22,956,979,828.00 | 22,956,979,828.00 | 0.00 |
| Including: Interest payable | 1,016,761,921.00 | 1,016,761,921.00 | 0.00 |
| Dividends payable | 23,648,778.00 | 23,648,778.00 | 0.00 |
| Handling charges and commissions payable | 0.00 | 0.00 | 0.00 |
| Reinsurance payables | 0.00 | 0.00 | 0.00 |
| Liabilities directly associated with assets classified as held for sale | 0.00 | 0.00 | 0.00 |
| Current portion of non-current liabilities | 5,597,563,204.00 | 5,597,563,204.00 | 0.00 |
| Other current liabilities | 1,004,557,061.00 | 1,004,557,061.00 | 0.00 |
| Total current liabilities | 62,228,095,078.00 | 62,228,095,078.00 | 0.00 |
| Non-current liabilities: | |||
| Insurance contract reserve | 0.00 | 0.00 | 0.00 |
| Long-term borrowings | 94,780,077,864.00 | 94,780,077,864.00 | 0.00 |
| Bonds payable | 10,288,666,233.00 | 10,288,666,233.00 | 0.00 |
| Including: Preferred shares | 0.00 | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 | 0.00 |
| Lease liabilities | 0.00 | 0.00 | 0.00 |
| Long-term payables | 1,416,092,239.00 | 1,416,092,239.00 | 0.00 |
| Long-term payroll payable | 0.00 | 0.00 | 0.00 |
| Provisions | 16,457,010.00 | 16,457,010.00 | 0.00 |
| Deferred income | 2,187,558,533.00 | 2,187,558,533.00 | 0.00 |
| Deferred income tax liabilities | 1,419,373,545.00 | 1,419,373,545.00 | 0.00 |
| Other non-current liabilities | 11,334,873,322.00 | 11,334,873,322.00 | 0.00 |
| Total non-current liabilities | 121,443,098,746.00 | 121,443,098,746.00 | 0.00 |
| Total liabilities | 183,671,193,824.00 | 183,671,193,824.00 | 0.00 |
| Owners’ equity: | |||
| Share capital | 34,798,398,763.00 | 34,798,398,763.00 | 0.00 |
| Other equity instruments | 0.00 | 0.00 | 0.00 |
| Including: Preferred shares | 0.00 | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 | 0.00 |
| Capital reserves | 38,213,100,596.00 | 38,213,100,596.00 | 0.00 |
| Less: Treasury stock | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -125,258,252.00 | -331,449,633.00 | -206,191,381.00 |
| Specific reserve | 0.00 | 0.00 | 0.00 |
| Surplus reserves | 1,152,626,310.00 | 1,152,625,429.00 | -881.00 |
| General reserve | 0.00 | 0.00 | 0.00 |
| Retained earnings | 11,817,881,286.00 | 12,018,320,805.00 | 200,439,519.00 |
| Total equity attributable to owners of the Company as the parent | 85,856,748,703.00 | 85,850,995,960.00 | -5,752,743.00 |
| Non-controlling interests | 34,500,548,858.00 | 34,499,403,629.00 | -1,145,229.00 |
| Total owners’ equity | 120,357,297,561.00 | 120,350,399,589.00 | -6,897,972.00 |
| Total liabilities and owners’ equity | 304,028,491,385.00 | 304,021,593,413.00 | -6,897,972.00 |
Note for adjustment:
The Group began to implement the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement ofFinancial Instruments, the Accounting Standards for Business Enterprises No. 23 – Transfer of Financial Assets, the AccountingStandards for Business Enterprises No. 24 – Hedging Accounting, and the Accounting Standards for Business Enterprises No. 37 –Presentation of Financial Instruments revised in 2017 from 1 January 2019. The Company adjusted related items of the FinancialStatements at the Beginning of the First Execution Year according to the requirements of the standards.Balance Sheet of the Company as the Parent
Unit: RMB
| Item | 31 December 2018 | 1 January 2019 | Adjusted |
| Current assets: | |||
| Monetary capital | 3,829,814,050.00 | 3,829,814,050.00 | 0.00 |
| Trading financial assets | 0.00 | 0.00 | 0.00 |
| Financial assets at fair value through profit or loss | 0.00 | 0.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 | 0.00 |
| Notes receivable | 1,500,000.00 | 1,500,000.00 | 0.00 |
| Accounts receivable | 36,952,623.00 | 36,952,623.00 | 0.00 |
| Accounts receivable financing | 0.00 | 0.00 | 0.00 |
| Prepayments | 25,020,734.00 | 25,020,734.00 | 0.00 |
| Other receivables | 2,015,828,460.00 | 2,015,819,544.00 | -8,916.00 |
| Including: Interest receivable | 9,659,279.00 | 9,659,279.00 | 0.00 |
| Dividends receivable | 14,115,915.00 | 14,115,915.00 | 0.00 |
| Inventories | 9,289,141.00 | 9,289,141.00 | 0.00 |
| Contractual assets | 0.00 | 0.00 | 0.00 |
| Assets classified as held for sale | 0.00 | 0.00 | 0.00 |
| Current portion of non-current assets | 450,000,000.00 | 450,000,000.00 | 0.00 |
| Other current assets | 47,805,096.00 | 47,805,096.00 | 0.00 |
| Total current assets | 6,416,210,104.00 | 6,416,201,188.00 | -8,916.00 |
| Non-current assets: | |||
| Investments in debt obligations | 0.00 | 0.00 | 0.00 |
| Available-for-sale financial assets | 128,297,254.00 | 0.00 | -128,297,254.00 |
| Investments in other debt obligations | 0.00 | 0.00 | 0.00 |
| Held-to-maturity investments | 0.00 | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 | 0.00 |
| Long-term equity investments | 143,499,733,485.00 | 143,499,733,485.00 | 0.00 |
| Investments in other equity instruments | 0.00 | 128,297,254.00 | 128,297,254.00 |
| Other non-current financial assets | 0.00 | 0.00 | 0.00 |
| Investment property | 290,253,475.00 | 290,253,475.00 | 0.00 |
| Fixed assets | 969,371,352.00 | 969,371,352.00 | 0.00 |
| Construction in progress | 251,314,313.00 | 251,314,313.00 | 0.00 |
| Productive living assets | 0.00 | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 | 0.00 |
| Right-of-use assets | 0.00 | 0.00 | 0.00 |
| Intangible assets | 514,186,496.00 | 514,186,496.00 | 0.00 |
| R&D expense | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 |
| Long-term prepaid expense | 99,701,797.00 | 99,701,797.00 | 0.00 |
| Deferred income tax assets | 290,794,548.00 | 290,794,548.00 | 0.00 |
| Other non-current assets | 284,243,667.00 | 284,243,667.00 | 0.00 |
| Total non-current assets | 146,327,896,387.00 | 146,327,896,387.00 | 0.00 |
| Total assets | 152,744,106,491.00 | 152,744,097,575.00 | -8,916.00 |
| Current liabilities: | |||
| Short-term borrowings | 1,000,000,000.00 | 1,000,000,000.00 | 0.00 |
| Trading financial liabilities | 0.00 | 0.00 | 0.00 |
| Financial liabilities at fair value through profit or loss | 0.00 | 0.00 | 0.00 |
| Derivative financial liabilities | 0.00 | 0.00 | 0.00 |
| Notes payable | 0.00 | 0.00 | 0.00 |
| Accounts payable | 35,322,286.00 | 35,322,286.00 | 0.00 |
| Advances from customers | 1,577,035,515.00 | 1,577,035,515.00 | 0.00 |
| Contractual liabilities | 0.00 | 0.00 | 0.00 |
| Payroll payable | 201,139,261.00 | 201,139,261.00 | 0.00 |
| Taxes payable | 250,558,556.00 | 250,558,556.00 | 0.00 |
| Other payables | 8,209,736,090.00 | 8,209,736,090.00 | 0.00 |
| Including: Interest payable | 330,964,989.00 | 330,964,989.00 | 0.00 |
| Dividends payable | 6,451,171.00 | 6,451,171.00 | 0.00 |
| Liabilities directly associated with assets classified as held for sale | 0.00 | 0.00 | 0.00 |
| Current portion of non-current liabilities | 2,590,000,000.00 | 2,590,000,000.00 | 0.00 |
| Other current liabilities | 0.00 | 0.00 | 0.00 |
| Total current liabilities | 13,863,791,708.00 | 13,863,791,708.00 | 0.00 |
| Non-current liabilities: | |||
| Long-term borrowings | 26,520,000,000.00 | 26,520,000,000.00 | 0.00 |
| Bonds payable | 9,976,533,425.00 | 9,976,533,425.00 | 0.00 |
| Including: Preferred shares | 0.00 | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 | 0.00 |
| Lease liabilities | 0.00 | 0.00 | 0.00 |
| Long-term payables | 0.00 | 0.00 | 0.00 |
| Long-term payroll payable | 0.00 | 0.00 | 0.00 |
| Provisions | 0.00 | 0.00 | 0.00 |
| Deferred income | 5,523,949,841.00 | 5,523,949,841.00 | 0.00 |
| Deferred income tax liabilities | 0.00 | 0.00 | 0.00 |
| Other non-current liabilities | 20,954,104,125.00 | 20,954,104,125.00 | 0.00 |
| Total non-current liabilities | 62,974,587,391.00 | 62,974,587,391.00 | 0.00 |
| Total liabilities | 76,838,379,099.00 | 76,838,379,099.00 | 0.00 |
| Owners’ equity: | |||
| Share capital | 34,798,398,763.00 | 34,798,398,763.00 | 0.00 |
| Other equity instruments | 0.00 | 0.00 | 0.00 |
| Including: Preferred shares | 0.00 | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 | 0.00 |
| Capital reserves | 37,590,966,191.00 | 37,590,966,191.00 | 0.00 |
| Less: Treasury stock | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -28,507,585.00 | -284,608,843.00 | -256,101,258.00 |
| Specific reserve | 0.00 | 0.00 | 0.00 |
| Surplus reserves | 1,152,626,310.00 | 1,152,625,429.00 | -881.00 |
| Retained earnings | 2,392,243,713.00 | 2,648,336,936.00 | 256,093,223.00 |
| Total owners’ equity | 75,905,727,392.00 | 75,905,718,476.00 | -8,916.00 |
| Total liabilities and owners’ equity | 152,744,106,491.00 | 152,744,097,575.00 | -8,916.00 |
Note for adjustment:
The Group began to implement the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement ofFinancial Instruments, the Accounting Standards for Business Enterprises No. 23 – Transfer of Financial Assets, the AccountingStandards for Business Enterprises No. 24 – Hedging Accounting, and the Accounting Standards for Business Enterprises No. 37 –Presentation of Financial Instruments revised in 2017 from 1 January 2019. The Company adjusted related items of the FinancialStatements at the Beginning of the First Execution Year according to the requirements of the standards.
2. Retrospective Restatement of Previous Comparative Data due to the Execution of any New StandardsGoverning Financial Instruments or Leases from 2019
□ Applicable √ Not applicable
III Independent Auditor’s ReportIndicate by tick mark 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.
Chairman of the Board (signature)：Chen Yanshun Date of the Board’s approval of this Report: 30
th
October 2019