Share’s name:
| Share’s name: | Jiangling Motors | Share’s code: | 000550 | No.: | 2020-043 |
| Jiangling B | 200550 |
Jiangling Motors Corporation, Ltd.2020 Third Quarter Report
§1 Important Note
1.1 The Board of Directors and its members, the Supervisory Board and itsmembers, and the senior executives are jointly and severally liable for thetruthfulness, accuracy and completeness of the information disclosed in theReport, and confirm that the information disclosed herein does not contain anyfalse statement, misrepresentation or major omission.
1.2 All Directors were present at the Board meeting to review the 2020 ThirdQuarter Report.
1.3 Chairman Qiu Tiangao, CFO Li Weihua and Chief of Finance Department,Ding Ni, confirm that the financial statements in this Quarter Report are truthful,accurate and complete.
§2 Brief Introduction
2.1 Main accounting data and financial indicators
Unit: RMB
| At the end of the reporting period | At the end of the previous year | YoY Change (%) | ||||
| Total Assets | 26,511,369,513.00 | 24,298,528,593.00 | 9.11% | |||
| Shareholder’s equity Attributable to the Equity Holders of the Company | 10,794,721,847.00 | 10,496,563,781.00 | 2.84% | |||
| Reporting period (2020 Third quarter) | YoY Change (%) | Beginning of year to end of reporting period | YoY Change (%) | |||
| Revenue | 8,005,447,973.00 | 19.73% | 22,078,865,851.00 | 8.19% | ||
| Profit Attributable to the Equity Holders of the Company | 150,811,264.00 | 52.63% | 358,583,046.00 | 127.42% | ||
| Net Cash Generated From Operating Activities | -- | -- | 859,262,456.00 | -33.05% | ||
| Basic Earnings Per Share (RMB) | 0.17 | 52.63% | 0.42 | 127.42% | ||
| Diluted Earnings Per Share (RMB) | 0.17 | 52.63% | 0.42 | 127.42% | ||
| Weighted Average Return on Net Asset Ratio (%) | 1.41% | 0.46% | 3.36% | 1.85% | ||
2.2 Total number of shareholders and top ten shareholders at the end ofreporting period
2.2.1 Total number of shareholders and top ten shareholders
| Total shareholders | JMC had 31,334 shareholders as of September 30, 2020, including 25,811 A-share holders and 5,523 B-share holders. | ||||
| Top ten shareholders | |||||
| Shareholder Name | Shareholder Type | Shareholding Percentage (%) | Shares as of September 30, 2020 | Shares with Trading Restriction | Shares due to mortgage or frozen |
| Nanchang Jiangling Investment Co., Ltd. | State-owned legal person | 41.03 | 354,176,000 | 0 | 0 |
| Ford Motor Company | Foreign legal person | 32.00 | 276,228,394 | 0 | 0 |
| China Securities Corporation Limited | Domestic non-State-owned legal persons | 2.72 | 23,458,066 | 0 | 0 |
| Shanghai Automotive Co., Ltd. | State-owned Legal person | 1.51 | 13,019,610 | 0 | 0 |
| Central Huijin Investment Ltd. | State-owned Legal person | 0.83 | 7,186,600 | 0 | 0 |
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | Foreign legal person | 0.64 | 5,491,132 | 0 | 0 |
| GAOLING FUND, L.P. | Foreign legal person | 0.63 | 5,453,086 | 0 | 0 |
INVESCO FUNDS SICAV
| INVESCO FUNDS SICAV | Foreign legal person | 0.56 | 4,841,889 | 0 | 0 | |
| LSV EMERGING MARKETS EQUITY FUND, L.P. | Foreign legal person | 0.35 | 2,996,400 | 0 | 0 | |
| Yang Wenting | Domestic natural person | 0.30 | 2,622,100 | 0 | 0 | |
| Top ten shareholders holding unlimited tradable shares | ||||||
| Shareholder Name | Shares without Trading Restriction | Share Type | ||||
| Nanchang Jiangling Investment Co., Ltd. | 354,176,000 | A share | ||||
| Ford Motor Company | 276,228,394 | B share | ||||
| China Securities Corporation Limited | 23,458,066 | A share | ||||
| Shanghai Automotive Co., Ltd. | 13,019,610 | A share | ||||
| Central Huijin Investment Ltd. | 7,186,600 | A share | ||||
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | 5,491,132 | A share | ||||
| GAOLING FUND, L.P. | 5,453,086 | B share | ||||
| INVESCO FUNDS SICAV | 4,841,889 | B share | ||||
| LSV EMERGING MARKETS EQUITY FUND, L.P. | 2,996,400 | B share | ||||
| Yang Wenting | 2,622,100 | A share | ||||
| Notes on association among above-mentioned shareholders | None. | |||||
Stock buy-back of top ten shareholders or top ten shareholders holdingunlimited tradable shares in the reporting period
□Yes □√No
There was no Stock buy-back of top ten shareholders or top ten shareholdersholding unlimited tradable shares in the reporting period.
2.2.2 Total number of shareholders holding preferred shares and top tenshareholders holding preferred shares
□Applicable □√Not Applicable
§3 Major Events
3.1 Causes and explanations on major changes of financial indicators of thereporting period
□√Applicable □Not Applicable
In the first three quarters of 2020, JMC sold 220,816 vehicles in total, up
9.21% compared with the same period last year; including 88,379 trucks,42,458 pickups, 30,472 SUVs, 59,507 light buses. Revenue and net profitduring the reporting period were RMB 22,078 million and RMB 359 million,increase 8.19% and increase 127.42% respectively compared with the sameperiod last year.
As of the end of the third quarter of 2020, compared with the end of theprevious year, accounts receivables increased by RMB 861 million, up
39.01%, mainly reflecting the increase of sales.
As of the end of the third quarter of 2020, compared with the end of theprevious year, development costs decreased by RMB 44 million, down
34.79%, mainly reflecting the transfer of research and development costs intointangible assets.
As of the end of the third quarter of 2020, compared with the end of theprevious year, employee benefits payable increased by RMB 185 million, up
48.20%, mainly reflecting the impact of social security payment policy underCOVID-19 situation.
As of the end of the third quarter of 2020, compared with the end of theprevious year, taxes payable decreased by RMB 77 million, down 38.81%,mainly reflecting the decrease of tax payable at the end of the period.
Investment income in the first three quarters of 2020 increased by RMB 35million, up 143.75% compared with the same period last year, primarilyreflecting the new structural deposit investment income.
Net profit in the first three quarters of 2020 increased by RMB 201 million, up
127.42% compared with the same period last year, primarily reflecting theincrease of sales, the continuous promotion of cost reduction and efficiencyimprovement, and strict control of expenditure.
Income tax expenses in the first three quarters of 2020 increased by RMB 96million, up 164.82% compared with the same period last year, primarilyreflecting the rise in profits during the current period.
Net cash flows from operating activities in the first three quarters of 2020decreased by RMB 424 million, down 33.05% compared with the same periodlast year, primarily reflecting the increase in payment for goods purchased.
Net cash flows from investing activities in the first three quarters of 2020decreased by RMB 800 million, down 75.49% compared with the same periodlast year, primarily reflecting the increase in structural deposit investment.
Net cash flows from financing activities in the first three quarters of 2020increased by RMB 1,250 million, up 3582.78% compared with the same periodlast year, primarily reflecting the new short-term loan business in the currentperiod.
3.2 Analysis of major events, their impacts and resolutions
□Applicable □√Not Applicable
Progress of Share Repurchase
□Applicable □√Not Applicable
Progress of the implementation of the centralized bidding method to reducethe share repurchases
□Applicable □√Not Applicable
3.3 Commitments of the Company actual controlling party, the shareholders,the related parties, the acquirer, or the Company
□Applicable □√Not Applicable
3.4 Financial assets investment
3.4.1Securities investment
□Applicable □√Not Applicable
There was no securities investment during the reporting period.
3.4.2. Securities derivates investment
□Applicable □√Not Applicable
There was no securities derivates investment during the reporting period.
3.5 Progress of raising capital investment projects
□Applicable □√Not Applicable
3.6 Forecast on 2020 operating performance
Warning and explanations as to the situation that accumulated net profit duringthe period from year beginning to the end of next reporting period may benegative or, compared with the same period last year, may have a substantial
change
√ Applicable □ Not Applicable
Preliminary results: net profit was positive, with a year-on-year increase ofmore than 50%.Data type of performance forecast: interval number.
| Beginning of year to end of next reporting period | Same period last year | Change | ||||||
| Profit Attributable to the Equity Holders of the Company (RMB million) | 399 | -- | 473 | 147.81 | up | 170% | -- | 220% |
| Basic earnings per share (RMB) | 0.46 | -- | 0.55 | 0.17 | up | 170% | -- | 220% |
| Explanation on changes in performance | The main reasons are: 1. the Company's operating conditions in the first three quarters of 2020 were good, and the net profit in the first three quarters of 2020 was 359 million, increased 127.42% compared with the same period last year; 2. the fourth quarter of 2020 is expected to continue the current operating conditions and steadily increase the Company's profits. | |||||||
3.7 Daily operation of major contracts
□Applicable □√Not Applicable
3.8 Entrust asset management
□Applicable □√Not Applicable
There was no entrust asset management during the reporting period.
3.9 Outside guarantee in breach of laws & regulations
□Applicable □√Not Applicable
There was no outside guarantee in breach of laws & regulations during thereporting period.
3.10 Non-operating funding in the Company occupied by controllingshareholder and its affiliates
□Applicable □√Not Applicable
There was no non-operating funding in the Company occupied by controllingshareholder and its affiliates.
3.11 External research and media interviews with the Company during thereporting period
□√Applicable □Not Applicable
Date
| Date | Place | Communication Method | Type of Object | Reception Object | Content | Indexes |
| July 7,2020 | Nanchang City | On-the-spot research | Institution | China Merchants Securities, Yangtze River Securities, CICC, etc. | JMC Operating highlights | Please refer to The Record Sheet of Investor Relations Activities of JMC (000550) on July 7. |
§4 Financial Statements
Jiangling Motors Corporation, Ltd.
1. Consolidated Balance Sheet
September 30, 2020
(All amounts in RMB Yuan unless otherwise stated)
Assets
| Assets | 30 September 2020 Consolidated* | 31 December 2019 Consolidated |
| Current assets： | ||
| Cash at bank and on hand | 9,153,983,379.00 | 8,937,936,658.00 |
| Financial assets at fair value through profit or loss | 1,201,308,373.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 |
| Notes receivables | 75,687,509.00 | 85,816,311.00 |
| Accounts receivables | 3,069,559,970.00 | 2,208,236,620.00 |
| Receivables financing | 260,898,799.00 | 289,044,373.00 |
| Advances to suppliers | 463,183,196.00 | 517,122,502.00 |
| Other receivables | 99,527,784.00 | 115,983,137.00 |
| Inventories | 2,225,249,070.00 | 1,946,869,092.00 |
| Other current assets | 896,142,785.00 | 973,426,066.00 |
| Total current assets | 17,445,540,865.00 | 15,074,434,759.00 |
| Non-current assets： | ||
| Long-term equity investments | 38,313,937.00 | 40,934,557.00 |
| Fixed assets | 5,084,282,718.00 | 5,714,489,577.00 |
| Construction in progress | 1,893,657,748.00 | 1,498,124,778.00 |
| Right-of-use asset | 25,201,149.00 | 36,039,891.00 |
| Intangible assets | 1,071,108,933.00 | 948,755,845.00 |
| Development costs | 81,608,009.00 | 125,142,080.00 |
| Deferred tax assets | 871,656,154.00 | 860,607,106.00 |
| Total non-current assets | 9,065,828,648.00 | 9,224,093,834.00 |
| Total assets | 26,511,369,513.00 | 24,298,528,593.00 |
| Current liabilities： | ||
| Short-term borrowings | 1,300,000,000.00 | 0.00 |
| Derivative financial liabilities | 793,757.00 | 545,632.00 |
| Notes payables | 0.00 | 31,400,000.00 |
| Accounts payables | 8,841,595,523.00 | 8,116,169,589.00 |
| Contract liabilities | 222,733,044.00 | 268,170,154.00 |
| Employee benefits payable | 571,372,410.00 | 385,547,290.00 |
| Taxes payable | 121,627,555.00 | 198,777,104.00 |
| Other payables | 3,947,416,168.00 | 4,145,266,838.00 |
| Current portion of non-current liabilities | 8,367,905.00 | 13,843,406.00 |
| Other current liabilities | 286,185,889.00 | 264,558,923.00 |
Total current liabilities
| Total current liabilities | 15,300,092,251.00 | 13,424,278,936.00 |
| Non-current liabilities： | ||
| Long-term borrowings | 2,898,699.00 | 3,197,814.00 |
| Lease liabilities | 18,006,672.00 | 22,592,252.00 |
| Long-term employee benefits payable | 60,464,464.00 | 63,685,000.00 |
| Provisions | 178,481,788.00 | 166,687,460.00 |
| Deferred income | 39,470,654.00 | 34,389,578.00 |
| Deferred tax liabilities | 24,862,209.00 | 25,339,981.00 |
| Other non-current liabilities | 92,370,929.00 | 61,793,791.00 |
| Total non-current liabilities | 416,555,415.00 | 377,685,876.00 |
| Total liabilities | 15,716,647,666.00 | 13,801,964,812.00 |
| Owners' equity： | ||
| Share capital | 863,214,000.00 | 863,214,000.00 |
| Capital surplus | 839,442,490.00 | 839,442,490.00 |
| Other comprehensive income | -11,395,500.00 | -11,395,500.00 |
| Surplus reserve | 431,607,000.00 | 431,607,000.00 |
| Undistributed profits | 8,671,853,857.00 | 8,373,695,791.00 |
| Total equity attributable to equity owners of the Company | 10,794,721,847.00 | 10,496,563,781.00 |
| Minority interests | 0.00 | 0.00 |
| Total owners' equity | 10,794,721,847.00 | 10,496,563,781.00 |
| Total Liabilities and owners' equity | 26,511,369,513.00 | 24,298,528,593.00 |
* Unaudited financial indexes
2. Company Balance Sheet
September 30, 2020
(All amounts in RMB Yuan unless otherwise stated)
Assets
| Assets | 30 September 2020 Company* | 31 December 2019 Company* |
| Current assets： | ||
| Cash at bank and on hand | 8,043,210,925.00 | 8,677,928,946.00 |
| Financial assets at fair value through profit or loss | 1,101,239,332.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 |
| Notes receivables | 1,000,000.00 | 20,792,000.00 |
| Accounts receivables | 1,385,061,481.00 | 865,928,297.00 |
| Receivables financing | 517,687,323.00 | 52,811,157.00 |
| Advances to suppliers | 459,333,532.00 | 504,562,617.00 |
| Other receivables | 2,847,372,209.00 | 3,118,317,705.00 |
| Inventories | 1,939,692,594.00 | 1,471,931,881.00 |
| Other current assets | 728,851,424.00 | 821,783,113.00 |
| Total current assets | 17,023,448,820.00 | 15,534,055,716.00 |
| Non-current assets： | ||
| Long-term equity investments | 878,313,937.00 | 380,934,557.00 |
| Fixed assets | 3,905,995,051.00 | 4,462,909,152.00 |
| Construction in progress | 1,723,845,689.00 | 1,244,963,653.00 |
| Right-of-use asset | 24,475,782.00 | 33,138,423.00 |
| Intangible assets | 643,438,595.00 | 513,529,416.00 |
| Development costs | 59,313,212.00 | 100,271,663.00 |
| Deferred tax assets | 168,326,132.00 | 182,248,610.00 |
| Total non-current assets | 7,403,708,398.00 | 6,917,995,474.00 |
| Total assets | 24,427,157,218.00 | 22,452,051,190.00 |
| Current liabilities： | ||
| Short-term borrowings | 1,300,000,000.00 | 0.00 |
| Derivative financial liabilities | 793,757.00 | 545,632.00 |
| Notes payables | 0.00 | 0.00 |
| Accounts payables | 8,547,772,257.00 | 7,908,815,398.00 |
| Contract liabilities | 45,482,197.00 | 77,585,490.00 |
| Employee benefits payable | 506,935,419.00 | 312,170,895.00 |
| Taxes payable | 110,991,788.00 | 119,431,418.00 |
| Other payables | 1,338,121,470.00 | 2,227,351,456.00 |
| Current portion of non-current liabilities | 8,367,905.00 | 11,500,358.00 |
| Other current liabilities | 11,950,924.00 | 13,333,551.00 |
| 'Total current liabilities | 11,870,415,717.00 | 10,670,734,198.00 |
Non-current liabilities：
| Non-current liabilities： | ||
| Long-term borrowings | 2,898,699.00 | 3,197,814.00 |
| Lease liabilities | 18,006,672.00 | 22,592,252.00 |
| Long-term employee benefits payable | 60,164,464.00 | 63,385,000.00 |
| Provisions | 0.00 | 0.00 |
| Deferred income | 39,470,654.00 | 34,389,578.00 |
| Deferred tax liabilities | 0.00 | 0.00 |
| Other non-current liabilities | 82,672,678.00 | 50,930,075.00 |
| Total non-current liabilities | 203,213,167.00 | 174,494,719.00 |
| Total liabilities | 12,073,628,884.00 | 10,845,228,917.00 |
| Owners' equity： | ||
| Share capital | 863,214,000.00 | 863,214,000.00 |
| Capital surplus | 839,442,490.00 | 839,442,490.00 |
| Other comprehensive income | -11,616,750.00 | -11,616,750.00 |
| Surplus reserve | 431,607,000.00 | 431,607,000.00 |
| Undistributed profits | 10,230,881,594.00 | 9,484,175,533.00 |
| Total owners' equity | 12,353,528,334.00 | 11,606,822,273.00 |
| 'Total Liabilities and owners' equity | 24,427,157,218.00 | 22,452,051,190.00 |
* Unaudited financial indexes
3. Consolidated Income Statement
2020 Third Quarter
(All amounts in RMB Yuan unless otherwise stated)
Item
| Item | 2020 Third Quarter* | 2019 Third Quarter* |
| Total revenue | 8,005,447,973.00 | 6,686,321,890.00 |
| Including：Revenue | 8,005,447,973.00 | 6,686,321,890.00 |
| Total Cost of sales | 7,864,914,785.00 | 6,613,576,186.00 |
| Including：Cost of sales | 6,743,564,735.00 | 5,498,650,661.00 |
| Taxes and surcharges | 165,084,079.00 | 173,475,307.00 |
| Selling expenses | 385,668,065.00 | 393,403,753.00 |
| General and administrative expenses | 233,221,005.00 | 206,704,388.00 |
| Research and development expenses | 397,894,800.00 | 388,187,519.00 |
| Financial expenses | -60,517,899.00 | -46,845,442.00 |
| Including: Interest expenses | 1,637,337.00 | 52,909.00 |
| Interest income | -57,693,606.00 | -55,590,474.00 |
| Add:：Other income | 4,646,000.00 | 712,399.00 |
| Investment income | 30,633,471.00 | 10,328,270.00 |
| Including: Share of profit of associates and joint ventures | 403,934.00 | -607,821.00 |
| Profit arising from changes in fair value | -8,951,793.00 | 2,025,411.00 |
| Credit impairment losses | 6,405,562.00 | -725,073.00 |
| Asset impairment losses | 0.00 | 0.00 |
| Gains on disposals of assets | 371,470.00 | 1,419,705.00 |
| Operating profit | 173,637,898.00 | 86,506,416.00 |
| Add: Non-operating income | 1,018,486.00 | 2,505,897.00 |
| Less: Non-operating expenses | 215,058.00 | 2,166,924.00 |
| Total profit | 174,441,326.00 | 86,845,389.00 |
| Less: Income tax expenses | 23,630,062.00 | -11,966,044.00 |
| Net profit | 150,811,264.00 | 98,811,433.00 |
| Classified by continuity of operations | ||
| Net profit from continuing operations | 150,811,264.00 | 98,811,433.00 |
| Net profit from discontinued operations | 0.00 | 0.00 |
| Classified by ownership of the equity | ||
| Attributable to equity owners of the Company | 150,811,264.00 | 98,811,433.00 |
| Minority interests | 0.00 | 0.00 |
| Other comprehensive income, net of tax | ||
| Attributable to equity owners of the Company | ||
| Item that will not be reclassified to profit or loss | ||
| Remeasurements of retirement benefits obligations | 0.00 | 0.00 |
| Attributable to minority interests | ||
| Total comprehensive income | 150,811,264.00 | 98,811,433.00 |
| Attributable to equity owners of the Company | 150,811,264.00 | 98,811,433.00 |
| Attributable to minority interests | 0.00 | 0.00 |
| Earnings per share： |
Basic earnings per share(RMB Yuan)
| Basic earnings per share(RMB Yuan) | 0.17 | 0.11 |
| Diluted earnings per share(RMB Yuan) | 0.17 | 0.11 |
*: Unaudited financial indexes
4. Company Income Statement
2020 Third Quarter(All amounts in RMB Yuan unless otherwise stated)
Item
| Item | 2020 Third Quarter* | 2019 Third Quarter* |
| Revenue | 7,434,799,353.00 | 6,351,827,903.00 |
| Less: Cost of sales | 6,384,386,397.00 | 5,307,432,301.00 |
| Taxes and surcharges | 159,419,737.00 | 171,413,199.00 |
| Selling expenses | 58,218,944.00 | 49,774,454.00 |
| General and administrative expenses | 183,000,259.00 | 186,779,262.00 |
| Research and development expenses | 386,528,458.00 | 365,804,330.00 |
| Financial expenses | -53,684,063.00 | -62,594,812.00 |
| Including: Interest expenses | 1,628,117.00 | 52,909.00 |
| Interest income | -50,910,983.00 | -69,819,852.00 |
| Add: Other income | 1,669,369.00 | 136,099.00 |
| Investment income | 30,065,937.00 | 10,328,270.00 |
| Including: Share of profit of associates and joint ventures | 403,934.00 | -607,821.00 |
| Profit arising from changes in fair value | -9,020,834.00 | 2,025,411.00 |
| Credit impairment losses | 6,687,375.00 | 86,882.00 |
| Asset impairment losses | 0.00 | 0.00 |
| Gains on disposals of assets | -141,127.00 | 0.00 |
| Operating profit | 346,190,341.00 | 345,795,831.00 |
| Add: Non-operating income | 564,360.00 | 2,336,569.00 |
| Less: Non-operating expenses | 193,359.00 | 2,166,924.00 |
| Total profit | 346,561,342.00 | 345,965,476.00 |
| Less: Income tax expenses | 27,178,859.00 | 27,428,265.00 |
| Net profit | 319,382,483.00 | 318,537,211.00 |
| Net profit from continuing operations | 319,382,483.00 | 318,537,211.00 |
| Net profit from discontinued operations | 0.00 | 0.00 |
| Other comprehensive income, net of tax | ||
| Item that will not be reclassified to profit or loss | ||
| Remeasurements of retirement benefits obligations | 0.00 | 0.00 |
| Total comprehensive income | 319,382,483.00 | 318,537,211.00 |
| Earnings per share | ||
| Basic earnings per share(RMB Yuan) | 0 | 0 |
| Diluted earnings per share(RMB Yuan) | 0 | 0 |
*: Unaudited financial indexes
5. Consolidated Income Statement
Beginning of year to end of reporting period
(All amounts in RMB Yuan unless otherwise stated)
Item
| Item | 2020.1.1-2020.9.30 Consolidated* | 2019.1.1-2019.9.30 Consolidated* |
| Total revenue | 22,078,865,851.00 | 20,408,275,392.00 |
| Including：Revenue | 22,078,865,851.00 | 20,408,275,392.00 |
| Total Cost of sales | 21,792,781,697.00 | 20,551,981,009.00 |
| Including：Cost of sales | 18,603,687,100.00 | 17,177,310,005.00 |
| Taxes and surcharges | 551,663,221.00 | 542,450,802.00 |
| Selling expenses | 977,855,385.00 | 1,099,279,015.00 |
| General and administrative expenses | 692,348,451.00 | 643,859,078.00 |
| Research and development expenses | 1,094,477,252.00 | 1,225,618,155.00 |
| Financial expenses | -127,249,712.00 | -136,536,046.00 |
| Including: Interest expenses | 20,699,302.00 | 158,962.00 |
| Interest income | -151,934,124.00 | -148,355,647.00 |
| Add:：Other income | 170,285,467.00 | 73,274,604.00 |
| Investment income | 58,911,471.00 | 24,168,915.00 |
| Including: Share of profit of associates and joint ventures | -2,620,620.00 | -274,196.00 |
| Profit arising from changes in fair value | 1,060,248.00 | -1,531,580.00 |
| Credit impairment losses | -59,837,249.00 | 331,051.00 |
| Asset impairment losses | -34,107,710.00 | -8,435,244.00 |
| Gains on disposals of assets | -210,485.00 | -792,340.00 |
| Operating profit | 422,185,896.00 | -56,690,211.00 |
| Add: Non-operating income | 4,617,679.00 | 160,893,192.00 |
| Less: Non-operating expenses | 30,453,310.00 | 4,798,150.00 |
| Total profit | 396,350,265.00 | 99,404,831.00 |
| Less: Income tax expenses | 37,767,219.00 | -58,268,418.00 |
| Net profit | 358,583,046.00 | 157,673,249.00 |
| Classified by continuity of operations | ||
| Net profit from continuing operations | 358,583,046.00 | 157,673,249.00 |
| Net profit from discontinued operations | 0.00 | 0.00 |
| Classified by ownership of the equity | ||
| Attributable to equity owners of the Company | 358,583,046.00 | 157,673,249.00 |
| Minority interests | 0.00 | 0.00 |
| Other comprehensive income, net of tax | ||
| Attributable to equity owners of the Company | ||
| Item that will not be reclassified to profit or loss | ||
| Remeasurements of retirement benefits obligations | 0.00 | 0.00 |
| Attributable to minority interests | ||
| Total comprehensive income | 358,583,046.00 | 157,673,249.00 |
| Attributable to equity owners of the Company | 358,583,046.00 | 157,673,249.00 |
Attributable to minority interests
| Attributable to minority interests | 0.00 | 0.00 |
| Earnings per share： | ||
| Basic earnings per share(RMB Yuan) | 0.42 | 0.18 |
| Diluted earnings per share(RMB Yuan) | 0.42 | 0.18 |
* Unaudited financial indexes
6. Company Income Statement
Beginning of year to end of reporting period
(All amounts in RMB Yuan unless otherwise stated)
Item
| Item | 2020.1.1-2020.9.30 Company* | 2019.1.1-2019.9.30 Company* |
| Revenue | 20,534,909,286.00 | 19,326,365,521.00 |
| Less: Cost of sales | 17,581,900,423.00 | 16,534,388,039.00 |
| Taxes and surcharges | 533,986,456.00 | 527,905,701.00 |
| Selling expenses | 164,661,733.00 | 166,281,002.00 |
| General and administrative expenses | 541,155,937.00 | 565,917,197.00 |
| Research and development expenses | 1,080,831,227.00 | 1,127,629,868.00 |
| Financial expenses | -121,629,402.00 | -174,244,795.00 |
| Including: Interest expenses | 17,950,805.00 | 158,962.00 |
| Interest income | -142,784,383.00 | -182,234,472.00 |
| Add: Other income | 146,775,161.00 | 12,698,304.00 |
| Investment income | 58,343,937.00 | 24,168,915.00 |
| Including: Share of profit of associates and joint ventures | -2,620,620.00 | -274,196.00 |
| Profit arising from changes in fair value | 991,207.00 | -1,531,580.00 |
| Credit impairment losses | -55,275,628.00 | 1,484,145.00 |
| Asset impairment losses | -20,994,208.00 | -7,931,633.00 |
| Gains on disposals of assets | -1,286,491.00 | -2,136,061.00 |
| Operating profit | 882,556,890.00 | 605,240,599.00 |
| Add: Non-operating income | 3,616,884.00 | 152,789,594.00 |
| Less: Non-operating expenses | 30,298,030.00 | 4,440,304.00 |
| Total profit | 855,875,744.00 | 753,589,889.00 |
| Less: Income tax expenses | 48,744,703.00 | 43,958,811.00 |
| Net profit | 807,131,041.00 | 709,631,078.00 |
| Net profit from continuing operations | 807,131,041.00 | 709,631,078.00 |
| Net profit from discontinued operations | 0.00 | 0.00 |
| Other comprehensive income, net of tax | ||
| Item that will not be reclassified to profit or loss | ||
| Remeasurements of retirement benefits obligations | 0.00 | 0.00 |
| Total comprehensive income | 807,131,041.00 | 709,631,078.00 |
| Earnings per share | ||
| Basic earnings per share(RMB Yuan) | 0 | 0 |
| Diluted earnings per share(RMB Yuan) | 0 | 0 |
* Unaudited financial indexes
7. Consolidated Cash Flow Statement
Beginning of year to end of reporting period
(All amounts in RMB Yuan unless otherwise stated)
Item
| Item | 2020.1.1-2020.9.30 Consolidated* | 2019.1.1-2019.9.30 Consolidated* |
| Cash flows from operating activities： | ||
| Cash received from sales of goods or rendering of services | 23,182,317,549.00 | 22,642,494,374.00 |
| Cash received relating to other operating activities | 276,518,362.00 | 430,289,346.00 |
| Sub-total of cash inflows | 23,458,835,911.00 | 23,072,783,720.00 |
| Cash paid for goods and services | 17,624,001,228.00 | 16,361,559,127.00 |
| Cash paid to and on behalf of employees | 1,637,690,537.00 | 1,751,545,158.00 |
| Payments of taxes and surcharges | 1,318,344,666.00 | 1,554,274,974.00 |
| Cash paid relating to other operating activities | 2,019,537,024.00 | 2,122,039,171.00 |
| Sub-total of cash outflows | 22,599,573,455.00 | 21,789,418,430.00 |
| Net cash flows from operating activities | 859,262,456.00 | 1,283,365,290.00 |
| Cash flows from investing activities： | ||
| Cash received from disposal of investments | 12,457,000,000.00 | 6,500,000,000.00 |
| Cash received from returns on investments | 61,692,956.00 | 31,184,819.00 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 9,215,209.00 | 2,999,907.00 |
| Cash received relating to other investing activities | 156,835,539.00 | 159,204,423.00 |
| Sub-total of cash inflows | 12,684,743,704.00 | 6,693,389,149.00 |
| Cash paid to acquire fixed assets, intangible assets and other long-term assets | 884,027,270.00 | 1,242,286,697.00 |
| Cash paid to acquire investments | 13,657,000,000.00 | 6,500,000,000.00 |
| Cash paid relating to other investing activities | 2,324,966.00 | 10,204,238.00 |
| Sub-total of cash outflows | 14,543,352,236.00 | 7,752,490,935.00 |
| Net cash flows from investing activities | -1,858,608,532.00 | -1,059,101,786.00 |
| Cash flows from financing activities： | ||
| Cash received from borrowings | 2,300,000,000.00 | |
| Sub-total of cash inflows | 2,300,000,000.00 | |
| Cash repayments of borrowings | 1,000,231,444.00 | 219,935.00 |
| Cash payments for distribution of dividends, profits or interest expenses | 75,271,714.00 | 34,658,254.00 |
| Cash payments relating to other financing activities | 9,104,045.00 | 19,044.00 |
| Sub-total of cash outflows | 1,084,607,203.00 | 34,897,233.00 |
| Net cash flows from financing activities | 1,215,392,797.00 | -34,897,233.00 |
| 'Effect of foreign exchange rate changes on cash and cash equivalents | 0.00 | 0.00 |
| Net increase in cash and cash equivalents | 216,046,721.00 | 189,366,271.00 |
| Add: Cash and cash equivalents at beginning of year | 8,937,936,658.00 | 7,616,879,976.00 |
| Cash and cash equivalents at end of period | 9,153,983,379.00 | 7,806,246,247.00 |
*: Unaudited financial indexes
8. Company Cash Flow Statement
Beginning of year to end of reporting period(All amounts in RMB Yuan unless otherwise stated)
Item
| Item | 2020.1.1-2020.9.30 Company* | 2019.1.1-2019.9.30 Company* |
| Cash flows from operating activities | ||
| Cash received from sales of goods or rendering of services | 20,550,589,662.00 | 21,462,982,106.00 |
| Cash received relating to other operating activities | 209,416,626.00 | 336,998,027.00 |
| Sub-total of cash inflows | 20,760,006,288.00 | 21,799,980,133.00 |
| Cash paid for goods and services | 16,914,181,638.00 | 15,643,776,592.00 |
| Cash paid to and on behalf of employees | 1,474,056,417.00 | 1,570,141,081.00 |
| Payments of taxes and surcharges | 1,113,105,980.00 | 1,333,196,533.00 |
| Cash paid relating to other operating activities | 1,220,333,241.00 | 1,352,407,064.00 |
| Sub-total of cash outflows | 20,721,677,276.00 | 19,899,521,270.00 |
| Net cash flows from operating activities | 38,329,012.00 | 1,900,458,863.00 |
| Cash flows from investing activities： | ||
| Cash received from disposal of investments | 15,024,976,131.00 | 8,706,000,000.00 |
| Cash received from returns on investments | 61,125,422.00 | 31,184,819.00 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 7,963,672.00 | 2,772,307.00 |
| Cash received relating to other investing activities | 218,678,069.00 | 214,820,572.00 |
| Sub-total of cash inflows | 15,312,743,294.00 | 8,954,777,698.00 |
| Cash paid to acquire fixed assets, intangible assets and other long-term assets | 869,780,310.00 | 940,538,675.00 |
| Cash paid to acquire investments | 16,333,600,982.00 | 9,116,000,000.00 |
| Cash paid relating to other investing activities | 2,324,966.00 | 10,204,238.00 |
| Sub-total of cash outflows | 17,205,706,258.00 | 10,066,742,913.00 |
| Net cash flows from investing activities | -1,892,962,964.00 | -1,111,965,215.00 |
| Cash flows from financing activities： | ||
| Cash received from borrowings | 2,300,000,000.00 | |
| Sub-total of cash inflows | 2,300,000,000.00 | |
| Cash repayments of borrowings | 1,000,231,444.00 | 219,935.00 |
| Cash payments for distribution of dividends, profits or interest expenses | 72,573,475.00 | 34,658,254.00 |
| Cash payments relating to other financing activities | 7,279,150.00 | 19,044.00 |
| Sub-total of cash outflows | 1,080,084,069.00 | 34,897,233.00 |
| Net cash flows from financing activities | 1,219,915,931.00 | -34,897,233.00 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 0.00 | 0.00 |
| Net increase in cash and cash equivalents | -634,718,021.00 | 753,596,415.00 |
| Add: Cash and cash equivalents at beginning of year | 8,677,928,946.00 | 6,244,682,576.00 |
| Cash and cash equivalents at end of period | 8,043,210,925.00 | 6,998,278,991.00 |
*: Unaudited financial indexes