GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
TheThirdQuarterlyReport2020
October2020
I.ImportantNoticeTheBoardofDirectorsandtheSupervisoryCommitteeoftheCompanyanditsdirectors,supervisorsandseniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.AllofthedirectorspresentedtheboardmeetingatwhichthisQuarterlyReportwasexamined.Mr.ZhengRenfa,Leader,Mr.WangChunhua,GeneralManager,Mr.FangZhi,Chiefoftheaccountingwork,MsZhouFang,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisreport.
II.BasicInformationoftheCompany
(1)MainfinancialdataandfinancialindexIndicatebytickmarkwhethertheCompanyneedstoretroactivelyrestateanyofitsaccountingdata.
√Yes□No
Asattheendofthereportingperiod | Asattheendoflastyear | Changed(%)overendofprev.year | ||||
Grossassets(Yuan) | 16,905,477,331.50 | 17,674,545,340.78 | -4.35% | |||
Netassetsattributabletotheshareholdersofthelistedcompany(Yuan) | 9,177,164,266.77 | 9,823,426,849.75 | -6.58% | |||
Reportingperiod | Increase/decreaseoverthesameperiodoflastyear(%) | Betweenbeginningoftheyeartotheendofthereportperiod | Changed(%)overendofprev.year | |||
Operatingrevenue(Yuan) | 763,407,014.35 | -4.19% | 1,424,305,976.14 | -37.54% | ||
Netprofitattributabletotheshareholdersofthelistedcompany(Yuan) | 351,032,289.60 | -5.44% | 345,202,032.42 | -68.84% | ||
Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany(Yuan) | 348,606,597.62 | -6.41% | 339,091,880.20 | -69.10% | ||
Netcashgeneratedfrom/usedinoperatingactivities(Yuan) | 579,301,395.86 | -0.80% | 997,207,500.20 | -39.00% |
Basicearningpershare(Yuan/Share) | 0.17 | -5.56% | 0.17 | -67.92% |
Dilutedgainspershare(Yuan/Share) | 0.17 | -5.56% | 0.17 | -67.92% |
Weightedaveragereturnonequity(%) | 3.67% | -0.28% | 3.61% | -7.86% |
Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
Items | Amount(Year-beginningtotheendofthereportperiod.) | Notes |
Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | 1,343,684.46 | |
Govemmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 6,408,601.01 | |
Othernon-businessincomeandexpendituresotherthantheabove | 1,569,750.74 | |
Less:Amountofinfluenceofincometax | 2,331,391.67 | |
Amountofinfluenceofminorityinterests(aftertax) | 880,492.32 | |
Total | 6,110,152.22 | -- |
ExplainthereasonsiftheCompanyclassifiesanitemasanextraordinarygain/lossaccordingtothedefinitionintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-ExtraordinaryGainsandLosses,orclassifiesanyextraordinarygain/lossitemmentionedinthesaidexplanatoryannouncementasarecurrentgain/lossitem.
□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecognizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.II.TotalShareholdersandSharesHeldbyTopTenShareholdersattheEndoftheReportingPeriod
1.AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders
Inshares
Totalnumberofcommonshareholdersattheperiod-end | 55,744 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 |
Sharesheldbythetop10shareholders |
Shareholdername | Propertiesofshareholder | Shareproportion% | Quantity | AmountoftradableshareswithConditionalheld | Pledgingorfreezing | |
Statusoftheshares | Quantity | |||||
GuangdongCommunicationGroupCo.,Ltd. | State-ownedlegalperson | 24.56% | 513,420,438 | 410,040,696 | ||
GuangdongHighwayConstructionCo.,Ltd, | State-ownedlegalperson | 22.30% | 466,325,020 | |||
ShangdongExpresswayInvestmentDevelopmentCo.,Ltd. | State-ownedlegalperson | 9.68% | 202,429,149 | |||
TibetYingyueInvestmentManagementCo.,Ltd. | State-ownedlegalperson | 4.84% | 101,214,574 | |||
GuangdongExpresswayCo.,Ltd. | State-ownedlegalperson | 2.53% | 52,937,491 | 19,582,228 | ||
ChinaLifeInsuranceCo.,Ltd.-Dividend-Personaldividend-005L-FH002Shen | Other | 1.96% | 41,009,355 | |||
ChinaLifeInsuranceCo.,Ltd.-Traditional-Commoninsuranceproducts-005L-CT001Shen | Other | 1.78% | 37,225,847 | |||
OrientSecuritiesCo.,Ltd. | State-ownedlegalperson | 1.08% | 22,508,593 | |||
FengWuchu | Domesticnaturalpersonshares | 0.99% | 20,776,353 |
XinyueCo.,Ltd. | Overseaslegalperson | 0.63% | 13,201,086 | |||
SharesheldbytheTop10ShareholdersofNon-restrictedshares | ||||||
Shareholders’Names | Numberofthenon-restrictedsharesheld | Sharetype | ||||
Sharetype | Quantity | |||||
GuangdongHighwayConstructionCo.,Ltd, | 466,325,020 | RMBCommonshares | 466,325,020 | |||
ShangdongExpresswayInvestmentDevelopmentCo.,Ltd. | 202,429,149 | RMBCommonshares | 202,429,149 | |||
GuangdongCommunicationGroupCo.,Ltd. | 103,379,742 | RMBCommonshares | 103,379,742 | |||
TibetYingyueInvestmentManagementCo.,Ltd. | 101,214,574 | RMBCommonshares | 101,214,574 | |||
ChinaLifeInsuranceCo.,Ltd.-Dividend-Personaldividend-005L-FH002Shen | 41,009,355 | RMBCommonshares | 41,009,355 | |||
ChinaLifeInsuranceCo.,Ltd.-Traditional-Commoninsuranceproducts-005L-CT001Shen | 37,225,847 | RMBCommonshares | 37,225,847 | |||
GuangdongExpresswayCo.,Ltd. | 33,355,263 | RMBCommonshares | 33,355,263 | |||
OrientSecuritiesCo.,Ltd. | 22,508,593 | RMBCommonshares | 22,508,593 | |||
FengWuchu | 20,776,353 | RMBCommonshares | 18,470,490 | |||
Foreignsharesplacedindomesticexchange | 2,305,863 | |||||
XinyueCo.,Ltd. | 13,201,086 | Foreignsharesplacedindomesticexchange | 13,201,086 | |||
Explanationonassociatedrelationshiporconcertedactionoftheaboveshareholders | GuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd.,GuangdongExpresswayCo.,Ltd.andXinyueCo.,Ltd.,ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformationaboutChangeinShareholdingofShareholdersofListedCompanies. | |||||
Participationoftop10unconditional | None |
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.
□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.
2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IIISignificantEventsI.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges
√Applicable□Notapplicable(I)Itemsofbalancesheetascomparedwiththebeginningofthisyear.
1.Accountsreceivableincreasedby40.68millionyuanand31.85%fromthebeginningoftheyear,mainlyduetotheincreaseintollincometobesplitbetweenGuangdongProvincialExpresswayDevelopmentCo.,Ltd.FokaiBranchandJingzhuExpresswayGuangzhuSectionCo.,Ltd.
2.Non-currentliabilitiesduewithinoneyeardecreasedby544.46millionyuanand69.67%fromthe
beginningoftheyear,whichisthecombinedeffectofthecompany'srepaymentof899.16millionyuanofloansdue,long-termpayablesandreclassificationofaccounts.
3.Bondspayableincreasedby748.13millionyuanand110.32%,fromthebeginningoftheyear,whicharefive-yearmedium-termnotesissued750millionyuanbythecompanyinMarch2020.
4.Othercomprehensiveincomedecreasedby135.87millionyuanand35.55%fromthebeginningoftheyear,
whichisthecombinedeffectoftheparentcompany'sconfirmationofchangesinthefairvalueofsharesofChinaEverbrightBankCorporationLimitedandconfirmationofchangesinothercomprehensiveincomeofGuoyuanSecuritiesCorporationLimitedbyshareratio.(II)Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear
1.Operatingincomedecreasedby856.19millionyuanand37.54%yearonyear,ofwhich,ThetollincomeofFokaiExpresswaydecreasedby325.81millionyuanfromthesameperiodofthepreviousyear,thetollincomeofJingzhuExpresswayGuangzhusectiondecreasedby415.14millionyuan,andthetollincomeofGuangfoExpresswaydecreasedby133.62millionyuan.Mainlyduetothefollowingfactors:(1)Duetothesuddennewcoronaryviruspneumoniaepidemic,Duetothenationwideemergencyfirst-levelresponse,theoriginaltoll-freeperiodduringthestatutorySpringFestivalholiday(January24-January30)wasextendedtoFebruary8;
(
)AccordingtotherelevantregulationsoftheMinistryofTransport,From0:00onFebruary17,2020to24:00OnMay5,2020thetollfeesforvehiclesonroadsacrossthecountrypreviouslytollchargedshallbeexempted.
2.Invesementincomedecreasedby155.41millionyuanand37.39%yearonyear,Mainlyduetotheimpactofthenewcorona-virusepidemic,theprofitoftheshare-participatingcompaniesdecreasedleadingtotheCompany’sinvestmentincomedecreased.
3.Incometaxdecreasedby157.14millionyuanand54.47%yearonyear,MainlyduetothetotalprofitoftheCompanydecreasedduetotheimpactofthecorona-virusepidemic.
4.Thenetprofitattributabletotheowneroftheparentcompanydecreasedby762.53millionyuanand
68.84%yearonyear,mainlyduetothecombinedeffectsoftheabovefactors.(III)Notesofmainitemsofcashflowstatement
1.Cashreceivedfromsalesofgoodsorrendingofservicesdecreasedby930.07millionyuanand39.67%yearonyear,Mainlyduetotheimpactofthenewcorona-virusepidemic,Fordetails,pleaserefertotheabovereasonsforthedeclineinoperatingincome.
2.Othercashpaidforbusinessactivitiesincreasedby46.62millionyuanand105.38%,ThisismainlybecauseFokaiBranch,GuangfoExpresswayCo.,Ltd.andJingzhuExpresswayGuangzhuSectionCompanyhavereceived35.41millionyuaninsubsidiesforcancelingprovincialtollstations.
3.Cashpaidforpurchasingofmerchandiseandservices,Themainaccountingpaymentofspecialprojects,
maintenancecostsandnetworkingfees,etc.Thisperiodwitnessedayear-on-yeardecreaseof54.12millionyuanand30.88%,mainlyduetotheyear-on-yeardecreaseinprojectfundspaidbyFokaiBranch,GuangfoExpresswayCo.,Ltd.andJingzhuExpresswayGuangzhuSectionCompany.
4.Taxespaid,Thecurrentperioddecreasedby159.77millionyuanand51.52%yearonyear,Mainlyduetotheimpactofthenewcorona-virusepidemic,Varioustaxesandfeespayablewerereducedduetothedecreaseintollincome.
5.Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassetsdecreasedby300.49millionyuanand51.12%yearonyear,ItismainlybecausethemainlineofthereconstructionandexpansionprojectofSanbao-ShuikousectionofFokaiBranchhasbeencompletedandopenedtotraffic,andtheamountofprogresspaymenthasbeenreduced.
6.Cashreceivedfromborrowingdecreasedby2361.7millionand62.87%yearonyear,Thereasonwasthattheparentcompany’scurrentborrowingsdecreasedby1,200millionyuanYOY,theFokaiBranch’scurrentborrowingsdecreasedby755millionyuan,andJingzhuExpresswayGuangzhuSectionCo.,Ltd.’scurrentborrowingsdecreasedby406.7millionyuan.
7.Cashtorepaydebtsdecreasedby1,683.19millionand55.85%yearonyear,Thereasonisthattheparentcompany'sloanrepaymentinthisperioddecreasedby1,241.51millionyuanyearonyear,andtheloanrepaymentinthisperiodofJingzhuExpresswayGuangzhuSectionCo.,Ltd.decreasedby441.68millionyuanyearonyear.II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.
√Applicable□Notapplicable
OnJuly16,2020,theCompanyreceivedthe"NoticeonStartingtheAssetReorganizationofExpresswayProjects"fromthecontrollingshareholderGuangdongTransportationGroupCo.,Ltd.,statedGuangdongCommunicationGroupCo.,Ltdwillplantheassetreorganizationoftheexpresswayprojects.Theunderlyingassetsandtransactionmethodinvolvedintheplannedassetreorganizationwasplannedasfollows:GuangdongExpresswayCo.,Ltd.transfersitsholdingequityof21%equityofGuangdongGuanghuiExpresswayCo.,LtdtotheCompany,andtheCompanypaystheconsiderationincash.
AccordingtotherelevantregulationsoftheShenzhenStockExchange,theCompanyshalldisclosetheprogressannouncementevery10tradingdays.
Announcement | Dateofdisclosure | Websitefordisclosure |
Reminderannouncementonplanningmajorassetreorganizationmatter | July17,2020 | www.cninfo.com.cn |
Announcementontheprogressofplanningmajorassetrestructuringmatter | July29,2020 | www.cninfo.com.cn |
Announcementontheprogressofplanningmajorassetrestructuringmatter | August28,2020 | www.cninfo.com.cn |
Announcementontheprogressofplanningmajorassetrestructuringmatter | September11,2020 | www.cninfo.com.cn |
Announcementontheprogressofplanningmajorassetrestructuringmatter | September25,2020 | www.cninfo.com.cn |
Progressintheimplementationofsharerepurchase
□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding
□Applicable√NotapplicableIII.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod
□Applicable√NotapplicableThecompanyhasnocommitmentscompletedinperiodandthosewithoutcompletedtilllendoftheperiodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies.
IV.Financialassetinvestment
1.Investmentinsecurities
√Applicable□Notapplicable
InRMB
Securitycategory | Securitycode | StockAbbreviation: | Initialinvestmentcost | Modeofaccountingmeasurement | Bookvaluebalanceatthebeginningofthereportingperiod | Changesinfairvalueofthethisperiod | Cumulativefairvaluechangesinequity | Purchaseamountinthethisperiod | Saleamountinthethisperiod | Gain/lossofthereportingperiod | Bookvaluebalanceattheendofthereportingperiod | Accountingitems | Sourceoftheshares |
Domesticandforeignstocks | 601818 | ChinaEverbrightBank | 517,560,876.80 | FVM | 1,037,474,303.04 | 341,119,668.80 | 50,344,558.02 | 858,680,545.60 | Otherassets | Selffund | |||
Total | 517,560,876.80 | -- | 1,037,474,303.04 | 0.00 | 341,119,668.80 | 0.00 | 0.00 | 50,344,558.02 | 858,680,545.60 | -- | -- | ||
DisclosuredateforthenoticeofapprovalbytheBoard(Ifany) | July22,2009 | ||||||||||||
Disclosuredateforthenoticeofapprovalbyshareholders’Meeting(Ifany) | August7,2009 |
2.Investmentinderivatives
□Applicable√NotapplicableThereisnoderivativeinvestmentduringthereportperiod.V.Progressofinvestmentprojectswithraisedfunds
□Applicable√NotapplicableVI.Predictionof2020businessperformanceEstimationonaccumulativenetprofitfromthebeginningoftheyeartotheendofnextreportperiodtobelossprobablyorthewarningofitsmaterialchangecomparedwiththecorrespondingperiodofthelastyearandexplanationonreason
□Applicable√NotapplicableVII.Majorcontractsfordailyoperations
□Applicable√NotapplicableVIII.EntrustedFinancialManagement
□Applicable√NotapplicableThereisnoEntrustedFinancialManagementduringthereportperiod.IX.Externalguaranteegetoutofline
□Applicable√NotapplicableTheCompanyhasnoexternalguaranteegetoutofthelineinthePeriodX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany
□Applicable√Notapplicable
Therearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod
XI.Theregistrationformofacceptanceofinvestigation,communicationandinterviewinthereportperiodforfuturereference
√Applicable□Notapplicable
Receptiontime | Place | Wayofreception | Typesofvisitors | Visitor | Maincontentinvolvedandmaterialsprovided | Disclosureofinformation |
August27,2020 | MeetingroomoftheCompany | Byphone | Organization | TelephonesurveyofGuotaiJunanSecuritiesResearchInstitute;ZhengWuandHuangfuXiaohanofGuotaiJunanSecuritiesResearchInstitute;WangZitongofShanghaiDazhengInvestmentCo.,Ltd.;ZengShangofTibetYuanchengInvestmentManagementCo.,Ltd.;ZhangGangofShenzhenXimengbeiAssetManagementCo.,Ltd.;YanFengofBoscAssetandChengZhixiongofShenzhenQianhaiDingyeInvestmentDevelopmentCo.,Ltd. | 1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports | www.cninfo.com.cn |
IV.FinancialStatementI.Financialstatement
1.ConsolidatedbalancesheetPreparedby:GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
September30,2020
InRMB
Items | September30,2020 | December31,2019 |
Currentasset: | ||
Monetaryfund | 2,617,519,510.01 | 2,817,920,894.50 |
Settlementprovision | ||
Outgoingcallloan | ||
Transactionalfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | ||
Accountreceivable | 168,371,390.12 | 125,343,724.66 |
Financingofreceivables | ||
Prepayments | 4,450,387.83 | 10,894,246.41 |
Insurancereceivable | ||
Reinsurancereceivable | ||
ProvisionsofReinsurancecontractsreceivable | ||
Otheraccountreceivable | 48,772,356.54 | 26,618,178.57 |
Including:Interestreceivable | ||
Dividendreceivable | 37,205,472.90 | 7,205,472.90 |
Otheraccountreceivable | 11,566,883.64 | 19,412,705.67 |
Repurchasingoffinancialassets | ||
Inventories | 89,116.85 | 111,683.22 |
Contractassets | 5,182,256.86 | |
Assetsheldforsales | ||
Non-currentassetduewithin1year | 51,745.32 | 51,745.32 |
Othercurrentasset | 7,087,899.28 | |
Totalofcurrentassets | 2,851,524,662.81 | 2,980,940,472.68 |
Non-currentassets: | ||
Loansandpaymentonother’sbehalf |
Items | September30,2020 | December31,2019 |
disbursed | ||
Creditor'srightinvestment | ||
OtherCreditor'srightinvestment | ||
Long-termreceivable | ||
Longtermshareequityinvestment | 3,363,775,812.90 | 3,255,739,898.36 |
Otherequityinstrumentsinvestment | 1,657,028,847.33 | 1,835,822,604.77 |
Othernon-currentfinancialassets | ||
Propertyinvestment | 3,165,661.51 | 3,331,500.37 |
Fixedassets | 8,474,304,554.47 | 8,925,700,473.65 |
Including:Fixedassets | 8,474,266,661.61 | 8,925,700,473.65 |
Liquidationoffixedassets | 37,892.86 | |
Constructioninprogress | 189,943,453.62 | 229,098,299.48 |
Including:Constructioninprogress | 189,943,453.62 | 229,098,299.48 |
EngineeringMaterials | ||
Productionphysicalassets | ||
Oil&gasassets | ||
Userightassets | ||
Intangibleassets | 5,131,601.73 | 6,393,895.17 |
Developmentexpenses | ||
Goodwill | ||
Long-germexpensestobeamortized | 1,061,255.72 | 1,114,764.44 |
Deferredincometaxasset | 354,850,432.16 | 385,494,106.13 |
Othernon-currentasset | 4,691,049.25 | 50,909,325.73 |
Totalofnon-currentassets | 14,053,952,668.69 | 14,693,604,868.10 |
Totalofassets | 16,905,477,331.50 | 17,674,545,340.78 |
Currentliabilities | ||
Short-termloans | 200,000,000.00 | |
LoanfromCentralBank | ||
Borrowingfunds | ||
Transactionalfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | ||
Accountpayable | 273,199,808.48 | 290,657,734.31 |
Items | September30,2020 | December31,2019 |
Advancereceipts | 10,869,603.32 | 15,605,094.69 |
ContractLiabilities | ||
Sellingofrepurchasedfinancialassets | ||
Deposittakingandinterbankdeposit | ||
Entrustedtradingofsecurities | ||
Entrustedsellingofsecurities | ||
Employees’wagepayable | 16,271,291.04 | 14,822,524.70 |
Taxpayable | 79,260,014.41 | 84,257,586.94 |
Otheraccountpayable | 417,829,386.70 | 626,180,586.92 |
Including:Interestpayable | ||
Dividendpayable | 49,246,597.30 | 20,020,119.31 |
Otheraccountpayable | 368,582,789.40 | 606,160,467.61 |
Feesandcommissionspayable | ||
Reinsurancefeepayable | ||
Liabilitiesheldforsales | ||
Non-currentliabilityduewithin1year | 241,398,157.42 | 795,861,958.07 |
Othercurrentliability | 7,805,854.13 | 189,628.17 |
Totalofcurrentliability | 1,246,634,115.50 | 1,827,575,113.80 |
Non-currentliabilities: | ||
Reservefundforinsurancecontracts | ||
Long-termloan | 4,478,457,500.00 | 4,640,425,000.00 |
Bondpayable | 1,426,251,240.76 | 678,124,972.89 |
Including:preferredstock | ||
Sustainabledebt | ||
Leaseliability | ||
Long-termpayable | 40,406,172.36 | 39,369,379.91 |
Including:Long-termpayable | 40,406,172.36 | 39,369,379.91 |
Specialpayable | ||
Long-termremunerationpayabletostaff | ||
Expectedliabilities | ||
Deferredincome | 29,927,018.42 | |
Deferredincometaxliability | 196,032,018.83 | 238,453,976.29 |
Items | September30,2020 | December31,2019 |
Othernon-currentliabilities | ||
Totalnon-currentliabilities | 6,171,073,950.37 | 5,596,373,329.09 |
Totalofliability | 7,417,708,065.87 | 7,423,948,442.89 |
Owners’equity | ||
Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
Otherequityinstruments | ||
Including:preferredstock | ||
Sustainabledebt | ||
Capitalreserves | 2,589,295,515.31 | 2,562,570,465.31 |
Less:Sharesinstock | ||
Othercomprehensiveincome | 246,323,864.67 | 382,193,344.90 |
Specialreserve | ||
Surplusreserves | 910,425,068.90 | 910,425,068.90 |
Commonriskprovision | ||
Retainedprofit | 3,340,313,691.89 | 3,877,431,844.64 |
Totalofowner’sequitybelongtotheparentcompany | 9,177,164,266.77 | 9,823,426,849.75 |
Minorityshareholders’equity | 310,604,998.86 | 427,170,048.14 |
Totalofowners’equity | 9,487,769,265.63 | 10,250,596,897.89 |
Totalofliabilitiesandowners’equity | 16,905,477,331.50 | 17,674,545,340.78 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhiPerson-in-chargeoftheaccountingorgan:ZhouFang
2.ParentCompanyBalanceSheet
InRMB
Items | September30,2020 | December31,2019 |
Currentasset: | ||
Monetaryfund | 2,582,094,773.72 | 2,791,384,501.78 |
Transactionalfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | ||
Accountreceivable | 25,108,426.80 | 21,864,051.27 |
Financingofreceivables | ||
Prepayments | 1,031,754.00 | 1,737,598.88 |
Otheraccountreceivable | 124,463,834.90 | 13,435,651.19 |
Including:Interestreceivable | ||
Dividendreceivable | 118,156,851.62 | 7,205,472.90 |
Otherreceivable | 6,306,983.28 | 6,230,178.29 |
Inventories | ||
Contractassets | ||
Assetsheldforsales | ||
Non-currentassetduewithin1year | 191,851,125.66 | 151,637,139.08 |
Othercurrentasset | 432,671.23 | |
Totalofcurrentassets | 2,924,982,586.31 | 2,980,058,942.20 |
Non-currentassets: | ||
Creditor'srightinvestment | 539,903,684.98 | 537,903,684.98 |
OtherCreditor'srightinvestment | ||
Long-termreceivable | ||
Longtermshareequityinvestment | 4,896,366,150.91 | 4,789,404,907.17 |
Otherequityinstrumentsinvestment | 1,657,028,847.33 | 1,835,822,604.77 |
Othernon-currentfinancialassets | ||
Propertyinvestment | 2,913,523.26 | 3,079,362.12 |
Fixedassets | 6,405,628,425.71 | 6,818,701,482.08 |
Including:Fixedassets | 6,405,628,425.71 | 6,818,701,482.08 |
Liquidationoffixedassets | ||
Constructioninprogress | 23,578,648.80 | 46,952,925.08 |
Items | September30,2020 | December31,2019 |
Including:Constructioninprogress | 23,578,648.80 | 46,952,925.08 |
Engineeringmaterial | ||
Productionphysicalassets | ||
Oil&gasassets | ||
Userightassets | ||
Intangibleassets | 1,955,691.81 | 2,533,878.12 |
Developmentexpenses | ||
Goodwill | ||
Long-germexpensestobeamortized | ||
Deferredincometaxasset | 350,725,570.29 | 385,296,935.33 |
Othernon-currentasset | 264,364.98 | 36,901,029.57 |
Totalofnon-currentassets | 13,878,364,908.07 | 14,456,596,809.22 |
Totalofassets | 16,803,347,494.38 | 17,436,655,751.42 |
Currentliabilities | ||
Short-termloans | 200,000,000.00 | |
Transactionalfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | ||
Accountpayable | 146,992,135.34 | 129,930,285.56 |
Advancereceipts | ||
ContractLiabilities | ||
Employees’wagepayable | 6,021,266.35 | 6,340,740.61 |
Taxpayable | 5,918,764.00 | 8,704,510.83 |
Otheraccountpayable | 349,837,977.63 | 582,131,356.01 |
Including:Interestpayable | ||
Dividendpayable | 22,262,804.39 | 20,020,119.31 |
Otheraccountpayable | 327,575,173.24 | 562,111,236.70 |
Liabilitiesheldforsales | ||
Non-currentliabilityduewithin1year | 171,707,907.69 | 744,589,133.72 |
Othercurrentliability | 574,316,635.90 | 821,133,339.57 |
Totalofcurrentliability | 1,454,794,686.91 | 2,292,829,366.30 |
Non-currentliabilities: | ||
Long-termloan | 4,023,762,500.00 | 4,243,730,000.00 |
Items | September30,2020 | December31,2019 |
Bondpayable | 1,426,251,240.76 | 678,124,972.89 |
Including:preferredstock | ||
Sustainabledebt | ||
Leaseliability | ||
Long-termpayable | 40,406,172.36 | 39,369,379.91 |
Including:Long-termpayable | 40,406,172.36 | 39,369,379.91 |
Specialpayable | ||
Long-termremunerationpayabletostaff | ||
Expectedliabilities | ||
Deferredincome | 14,223,938.99 | |
Deferredincometaxliability | 85,279,917.20 | 129,978,356.56 |
Othernon-currentliabilities | ||
Totalnon-currentliabilities | 5,589,923,769.31 | 5,091,202,709.36 |
Totalofliability | 7,044,718,456.22 | 7,384,032,075.66 |
Owners’equity | ||
Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
Otherequityinstruments | ||
Including:preferredstock | ||
Sustainabledebt | ||
Capitalreserves | 3,001,183,746.93 | 2,974,458,696.93 |
Less:Sharesinstock | ||
Othercomprehensiveincome | 246,323,864.67 | 382,193,344.90 |
Specialreserve | ||
Surplusreserves | 894,580,785.25 | 894,580,785.25 |
Retainedprofit | 3,525,734,515.31 | 3,710,584,722.68 |
Totalofowners’equity | 9,758,629,038.16 | 10,052,623,675.76 |
Totalofliabilitiesandowners’equity | 16,803,347,494.38 | 17,436,655,751.42 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhi
Person-in-chargeoftheaccountingorgan:ZhouFang
3.ConsolidatedIncomestatementoftheReportperiod
InRMB
Items | Amountinthisperiod | Amountinlastperiod |
I.Turnover | 763,407,014.35 | 796,831,081.45 |
Including:Operatingincome | 763,407,014.35 | 796,831,081.45 |
Interestincome | ||
Insurancefeeearned | ||
Feeandcommissionreceived | ||
II.Totaloperatingcosts | 430,797,879.65 | 408,683,513.05 |
Including:Operatingcosts | 338,231,885.58 | 310,517,119.58 |
Interestexpense | ||
Feeandcommissionpaid | ||
Insurancedischargepayment | ||
Netclaimamountpaid | ||
Appropriationofdepositforduty,net | ||
Insurancepolicydividendpaid | ||
Reinsuranceexpenses | ||
Businesstaxandsurcharge | 3,316,464.07 | 3,696,459.38 |
Salesexpense | ||
Administrativeexpense | 35,592,532.20 | 40,415,600.33 |
R&Dexpense | ||
Financialexpenses | 53,656,997.80 | 54,054,333.76 |
Including:Interestexpense | 64,237,587.95 | 58,646,545.15 |
Interestincome | 10,202,793.23 | 5,500,733.79 |
Add:Otherincome | 2,488,809.85 | 725,865.31 |
Investmentgain(“-”forloss) | 153,637,927.67 | 139,449,983.30 |
Including:investmentgainsfromaffiliates | 153,637,927.67 | 139,066,452.38 |
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
Gainsfromcurrencyexchange | ||
Netexposurehedgingincome | ||
Changingincomeoffairvalue |
Items | Amountinthisperiod | Amountinlastperiod |
Creditimpairmentloss | ||
Impairmentlossofassets | ||
Assetsdisposalincome | ||
III.Operatingprofit(“-”forloss) | 488,735,872.22 | 528,323,417.01 |
Add:Non-operatingincome | 2,031,835.52 | 1,237,352.91 |
Less:Non-operatingexpenses | 955,571.20 | 485,161.05 |
IV.Totalprofit(“-”forloss) | 489,812,136.54 | 529,075,608.87 |
Less:Incometaxexpenses | 88,118,624.57 | 98,800,338.73 |
V.Netprofit | 401,693,511.97 | 430,275,270.14 |
(I)Classificationbybusinesscontinuity | ||
1.Netcontinuingoperatingprofit | 401,693,511.97 | 430,275,270.14 |
2.Terminationofoperatingnetprofit | ||
(II)Classificationbyownership | ||
1.Netprofitattributabletotheownersofparentcompany | 351,032,289.60 | 371,244,455.76 |
2.Minorityshareholders’equity | 50,661,222.37 | 59,030,814.38 |
VI.Netafter-taxofothercomprehensiveincome | 8,043,444.30 | 24,758,918.08 |
Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | 8,043,444.30 | 24,758,918.08 |
(I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 12,350,884.56 | 22,937,357.04 |
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 12,350,884.56 | 22,937,357.04 |
4.Changesinthefairvalueofthecompany’screditrisks |
Items | Amountinthisperiod | Amountinlastperiod |
5.Other | ||
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | -4,307,440.26 | 1,821,561.04 |
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -4,307,440.26 | 1,821,561.04 |
2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.Reserveforcashflowhedges | ||
6.Translationdifferencesincurrencyfinancialstatements | ||
7.Other | ||
NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
VII.Totalcomprehensiveincome | 409,736,956.27 | 455,034,188.22 |
Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 359,075,733.90 | 396,003,373.84 |
Totalcomprehensiveincomeattributableminorityshareholders | 50,661,222.37 | 59,030,814.38 |
VIII.Earningspershare | ||
(I)Basicearningspershare | 0.17 | 0.18 |
(II)Dilutedearningspershare | 0.17 | 0.18 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhi
Person-in-chargeoftheaccountingorgan:ZhouFang
4.IncomestatementoftheParentCompanyoftheReportperiod
InRMB
Items | Amountinthisperiod | Amountinlastperiod |
I.Revenue | 345,290,053.53 | 342,418,541.44 |
Including:Operatingcosts | 215,071,734.20 | 198,429,214.26 |
Businesstaxandsurcharge | 1,871,678.43 | 2,004,169.87 |
Salesexpense | ||
Administrativeexpense | 22,317,906.60 | 24,497,934.85 |
R&Dexpense | ||
Financialexpenses | 51,365,737.56 | 49,775,101.80 |
Including:Interestexpenses | 62,681,289.65 | 55,249,291.52 |
Interestincome | 10,152,704.97 | 5,487,589.69 |
Add:Otherincome | 820,611.86 | |
Investmentgain(“-”forloss) | 349,779,119.77 | 154,270,235.80 |
Including:investmentgainsfromaffiliates | 152,563,256.87 | 139,066,452.38 |
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
Netexposurehedgingincome | ||
Changingincomeoffairvalue | ||
Creditimpairmentloss | ||
Impairmentlossofassets | ||
Assetsdisposalincome | ||
II.Operatingprofit(“-”forloss) | 405,262,728.37 | 221,982,356.46 |
Add:Non-operatingincome | 1,821,874.42 | 953,148.06 |
Less:Non-operatingexpenses | 400,686.60 | 357,431.46 |
III.Totalprofit(“-”forloss) | 406,683,916.19 | 222,578,073.06 |
Less:Incometaxexpenses | 21,558,803.60 | 20,782,022.44 |
IV.Netprofit | 385,125,112.59 | 201,796,050.62 |
1.Netcontinuingoperatingprofit | 385,125,112.59 | 201,796,050.62 |
2.Terminationofoperatingnetprofit |
Items | Amountinthisperiod | Amountinlastperiod |
V.Netafter-taxofothercomprehensiveincome | 8,043,444.30 | 24,758,918.08 |
(I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 12,350,884.56 | 22,937,357.04 |
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 12,350,884.56 | 22,937,357.04 |
4.Changesinthefairvalueofthecompany’screditrisks | ||
5.Other | ||
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | -4,307,440.26 | 1,821,561.04 |
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -4,307,440.26 | 1,821,561.04 |
2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.Reserveforcashflowhedges | ||
6.Translationdifferencesincurrencyfinancialstatements | ||
7.Other | ||
VI.Totalcomprehensiveincome | 393,168,556.89 | 226,554,968.70 |
VII.Earningspershare | ||
(I)Basicearningspershare |
Items | Amountinthisperiod | Amountinlastperiod |
(II)Dilutedearningspershare |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhiPerson-in-chargeoftheaccountingorgan:ZhouFang
5.ConsolidatedIncomestatementbetweenthebeginningoftheyearandendofthereportperiod
InRMB
Items | Amountinthisperiod | Amountinlastperiod |
I.Turnover | 1,424,305,976.14 | 2,280,504,326.66 |
Including:Operatingincome | 1,424,305,976.14 | 2,280,504,326.66 |
Interestincome | ||
Insurancefeeearned | ||
Commissionchargeandcommissionincome | ||
II.Totaloperatingcosts | 1,145,251,508.45 | 1,145,369,320.38 |
Including:Operatingcosts | 862,407,010.64 | 860,140,930.07 |
Interestexpense | ||
Feeandcommissionpaid | ||
Insurancedischargepayment | ||
Netclaimamountpaid | ||
Appropriationofdepositforduty,net | ||
Insurancepolicydividendpaid | ||
Reinsuranceexpenses | ||
Businesstaxandsurcharge | 6,990,268.04 | 10,253,483.35 |
Salesexpense | ||
Administrativeexpense | 103,583,451.68 | 117,390,810.80 |
R&Dexpense | ||
Financialexpenses | 172,270,778.09 | 157,584,096.16 |
Including:Interestexpense | 196,012,356.85 | 173,687,402.86 |
Interestincome | 24,963,549.41 | 21,262,441.48 |
Items | Amountinthisperiod | Amountinlastperiod |
Add:Otherincome | 6,360,099.05 | 1,146,092.93 |
Investmentgain(“-”forloss) | 260,276,492.20 | 415,691,849.62 |
Including:investmentgainsfromaffiliates | 209,491,279.16 | 376,779,450.47 |
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
Gainsfromcurrencyexchange | ||
Netexposurehedgingincome | ||
Changingincomeoffairvalue | ||
Creditimpairmentloss | -236,683.81 | |
Impairmentlossofassets | ||
Assetsdisposalincome | 4.37 | 13,129,094.29 |
III.Operatingprofit(“-”forloss) | 545,454,379.50 | 1,565,102,043.12 |
Add:Non-operatingincome | 6,109,512.47 | 1,972,712.67 |
Less:Non-operatingexpense | 3,147,579.68 | 4,716,569.00 |
IV.Totalprofit(“-”forloss) | 548,416,312.29 | 1,562,358,186.79 |
Less:Incometaxexpenses | 131,358,775.61 | 288,497,112.78 |
V.Netprofit | 417,057,536.68 | 1,273,861,074.01 |
(I)Classificationbybusinesscontinuity | ||
1.Netcontinuingoperatingprofit | 417,057,536.68 | 1,273,861,074.01 |
2.Terminationofoperatingnetprofit | ||
(II)Classificationbyownership | ||
1.Netprofitattributabletotheownersofparentcompany | 345,202,032.42 | 1,107,730,568.06 |
2.Minorityshareholders’equity | 71,855,504.26 | 166,130,505.95 |
VI.Netafter-taxofothercomprehensiveincome | -135,869,480.23 | 43,697,001.82 |
Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | -135,869,480.23 | 43,697,001.82 |
(I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -134,095,318.08 | 42,345,889.92 |
Items | Amountinthisperiod | Amountinlastperiod |
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -134,095,318.08 | 42,345,889.92 |
4.Changesinthefairvalueofthecompany’screditrisks | ||
5.Other | ||
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | -1,774,162.15 | 1,351,111.90 |
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -1,774,162.15 | 1,351,111.90 |
2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.Reserveforcashflowhedges | ||
6.Translationdifferencesincurrencyfinancialstatements | ||
7.Other | ||
NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
VII.Totalcomprehensiveincome | 281,188,056.45 | 1,317,558,075.83 |
Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 209,332,552.19 | 1,151,427,569.88 |
Totalcomprehensiveincomeattributableminorityshareholders | 71,855,504.26 | 166,130,505.95 |
VIII.Earningspershare |
Items | Amountinthisperiod | Amountinlastperiod |
(I)Basicearningspershare | 0.17 | 0.53 |
(II)Dilutedearningspershare | 0.17 | 0.53 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhiPerson-in-chargeoftheaccountingorgan:ZhouFang
6.IncomeStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
Items | Amountinthisperiod | Amountinlastperiod |
I.Revenue | 638,869,783.57 | 965,545,058.79 |
Including:Operatingcosts | 543,729,693.04 | 527,619,888.78 |
Businesstaxandsurcharge | 4,286,607.15 | 5,490,462.24 |
Salesexpense | ||
Administrativeexpense | 62,581,563.09 | 71,493,995.49 |
R&Dexpense | ||
Financialexpenses | 163,307,565.75 | 146,152,262.04 |
Including:Interestexpenses | 189,304,423.71 | 164,808,705.82 |
Interestincome | 24,870,918.66 | 21,139,717.95 |
Add:Otherincome | 2,169,427.73 | 70,758.72 |
Investmentgain(“-”forloss) | 862,863,321.92 | 1,129,929,737.50 |
Including:investmentgainsfromaffiliates | 208,416,608.36 | 376,779,450.47 |
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
Netexposurehedgingincome | ||
Changingincomeoffairvalue | ||
Creditimpairmentloss |
Items | Amountinthisperiod | Amountinlastperiod |
Impairmentlossofassets | ||
Assetsdisposalincome | 4.37 | |
II.Operatingprofit(“-”forloss) | 729,997,108.56 | 1,344,788,946.46 |
Add:Non-operatingincome | 2,854,966.85 | 1,252,084.02 |
Less:Non-operatingexpenses | 810,732.57 | 728,260.63 |
III.Totalprofit(“-”forloss) | 732,041,342.84 | 1,345,312,769.85 |
Less:Incometaxexpenses | 34,571,365.04 | 64,865,201.09 |
IV.Netprofit | 697,469,977.80 | 1,280,447,568.76 |
1.Netcontinuingoperatingprofit | 697,469,977.80 | 1,280,447,568.76 |
2.Terminationofoperatingnetprofit | ||
V.Netafter-taxofothercomprehensiveincome | -135,869,480.23 | 43,697,001.82 |
(I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -134,095,318.08 | 42,345,889.92 |
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -134,095,318.08 | 42,345,889.92 |
4.Changesinthefairvalueofthecompany’screditrisks | ||
5.Other | ||
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | -1,774,162.15 | 1,351,111.90 |
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -1,774,162.15 | 1,351,111.90 |
2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets |
Items | Amountinthisperiod | Amountinlastperiod |
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.Reserveforcashflowhedges | ||
6.Translationdifferencesincurrencyfinancialstatements | ||
7.Other | ||
VI.Totalcomprehensiveincome | 561,600,497.57 | 1,324,144,570.58 |
VII.Earningspershare | ||
(I)Basicearningspershare | ||
(II)Dilutedearningspershare |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhiPerson-in-chargeoftheaccountingorgan:ZhouFang
7.ConsolidatedCashFlowStatementBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
Items | Amountinthisperiod | Amountinlastperiod |
I.Cashflowsfromoperatingactivities | ||
Cashreceivedfromsalesofgoodsorrendingofservices | 1,414,313,148.67 | 2,344,383,753.90 |
Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
Netincreaseofloansfromcentralbank | ||
Netincreaseofinter-bankloansfromotherfinancialbodies | ||
Cashreceivedagainstoriginalinsurancecontract | ||
Netcashreceivedfromreinsurancebusiness | ||
Netincreaseofclientdepositandinvestment |
Items | Amountinthisperiod | Amountinlastperiod |
Cashreceivedfrominterest,commissionchargeandcommission | ||
Netincreaseofinter-bankfundreceived | ||
Netincreaseofrepurchasingbusiness | ||
Netcashreceivedbyagentinsecuritiestrading | ||
Taxreturned | ||
Othercashreceivedfrombusinessoperation | 90,863,613.91 | 44,239,546.43 |
Sub-totalofcashinflow | 1,505,176,762.58 | 2,388,623,300.33 |
Cashpaidforpurchasingofmerchandiseandservices | 121,141,667.08 | 175,258,111.40 |
Netincreaseofclienttradeandadvance | ||
Netincreaseofsavingsincentralbankandbrothercompany | ||
Cashpaidfororiginalcontractclaim | ||
NetincreaseforOutgoingcallloan | ||
Cashpaidforinterest,processingfeeandcommission | ||
Cashpaidforpolicydividend | ||
Cashpaidtostaffsorpaidforstaffs | 198,975,181.20 | 216,220,155.68 |
Taxespaid | 150,371,056.82 | 310,136,078.87 |
Othercashpaidforbusinessactivities | 37,481,357.28 | 52,225,350.39 |
Sub-totalofcashoutflowfrombusinessactivities | 507,969,262.38 | 753,839,696.34 |
Netcashgeneratedfrom/usedinoperatingactivities | 997,207,500.20 | 1,634,783,603.99 |
II.Cashflowgeneratedbyinvesting | ||
Cashreceivedfrominvestmentretrieving | ||
Cashreceivedasinvestmentgains | 227,191,465.51 | 270,260,694.55 |
Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 19,025.00 | 13,963,900.00 |
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits |
Items | Amountinthisperiod | Amountinlastperiod |
Otherinvestment-relatedcashreceived | ||
Sub-totalofcashinflowduetoinvestmentactivities | 227,210,490.51 | 284,224,594.55 |
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 287,376,018.67 | 587,874,379.29 |
Cashpaidasinvestment | 80,000,000.00 | |
Netincreaseofloanagainstpledge | ||
Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
Othercashpaidforinvestmentactivities | ||
Sub-totalofcashoutflowduetoinvestmentactivities | 367,376,018.67 | 587,874,379.29 |
Netcashflowgeneratedbyinvestment | -140,165,528.16 | -303,649,784.74 |
III.Cashflowgeneratedbyfinancing | ||
Cashreceivedasinvestment | ||
Including:Cashreceivedasinvestmentfromminorshareholders | ||
Cashreceivedasloans | 1,395,000,000.00 | 3,756,700,000.00 |
Otherfinancing–relatedcashreceived | ||
Sub-totalofcashinflowfromfinancingactivities | 1,395,000,000.00 | 3,756,700,000.00 |
Cashtorepaydebts | 1,330,808,612.50 | 3,014,002,500.00 |
Cashpaidasdividend,profit,orinterests | 1,122,241,257.94 | 1,587,922,592.34 |
Including:Dividendandprofitpaidbysubsidiariestominorshareholders | ||
Othercashpaidforfinancingactivities | 1,122,177.00 | 791,384.00 |
Sub-totalofcashoutflowduetofinancingactivities | 2,454,172,047.44 | 4,602,716,476.34 |
Netcashflowgeneratedbyfinancing | -1,059,172,047.44 | -846,016,476.34 |
IV.Influenceofexchangeratealternationoncashandcashequivalents | 1,728,690.91 | -1,534,520.73 |
V.Netincreaseofcashandcashequivalents | -200,401,384.49 | 483,582,822.18 |
Items | Amountinthisperiod | Amountinlastperiod |
Add:balanceofcashandcashequivalentsatthebeginningofterm | 2,816,699,694.50 | 2,123,303,796.32 |
VI..Balanceofcashandcashequivalentsattheendofterm | 2,616,298,310.01 | 2,606,886,618.50 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhiPerson-in-chargeoftheaccountingorgan:ZhouFang
8.CashFlowStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
Items | Amountinthisperiod | Amountinlastperiod |
I.Cashflowsfromoperatingactivities | ||
Cashreceivedfromsalesofgoodsorrendingofservices | 653,751,664.34 | 991,093,953.83 |
Taxreturned | ||
Othercashreceivedfrombusinessoperation | 56,397,055.19 | 40,435,161.13 |
Sub-totalofcashinflow | 710,148,719.53 | 1,031,529,114.96 |
Cashpaidforpurchasingofmerchandiseandservices | 28,094,034.65 | 56,811,641.02 |
Cashpaidtostaffsorpaidforstaffs | 78,319,133.22 | 84,950,880.56 |
Taxespaid | 24,748,390.60 | 36,317,795.45 |
Othercashpaidforbusinessactivities | 277,964,701.39 | 170,450,166.76 |
Sub-totalofcashoutflowfrombusinessactivities | 409,126,259.86 | 348,530,483.79 |
Netcashgeneratedfrom/usedinoperatingactivities | 301,022,459.67 | 682,998,631.17 |
II.Cashflowgeneratedbyinvesting | ||
Cashreceivedfrominvestmentretrieving | 5,000,000.00 | |
Cashreceivedasinvestmentgains | 711,991,591.17 | 941,023,466.69 |
Netcashretrievedfromdisposalof | 7,700.00 | 4,900.00 |
Items | Amountinthisperiod | Amountinlastperiod |
fixedassets,intangibleassets,andotherlong-termassets | ||
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
Otherinvestment-relatedcashreceived | ||
Sub-totalofcashinflowduetoinvestmentactivities | 711,999,291.17 | 946,028,366.69 |
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 184,304,883.00 | 548,481,380.34 |
Cashpaidasinvestment | 82,000,000.00 | |
Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
Othercashpaidforinvestmentactivities | ||
Sub-totalofcashoutflowduetoinvestmentactivities | 266,304,883.00 | 548,481,380.34 |
Netcashflowgeneratedbyinvestment | 445,694,408.17 | 397,546,986.35 |
III.Cashflowgeneratedbyfinancing | ||
Cashreceivedasinvestment | ||
Cashreceivedasloans | 1,335,000,000.00 | 3,290,000,000.00 |
Otherfinancing–relatedashreceived | ||
Sub-totalofcashinflowfromfinancingactivities | 1,335,000,000.00 | 3,290,000,000.00 |
Cashtorepaydebts | 1,330,808,612.50 | 2,572,317,500.00 |
Cashpaidasdividend,profit,orinterests | 960,804,497.31 | 1,350,708,402.36 |
Othercashpaidforfinancingactivities | 1,122,177.00 | 791,384.00 |
Sub-totalofcashoutflowduetofinancingactivities | 2,292,735,286.81 | 3,923,817,286.36 |
Netcashflowgeneratedbyfinancing | -957,735,286.81 | -633,817,286.36 |
IV.Influenceofexchangeratealternationoncashandcashequivalents | 1,728,690.91 | -1,534,520.73 |
V.Netincreaseofcashandcashequivalents | -209,289,728.06 | 445,193,810.43 |
Add:balanceofcashandcash | 2,790,163,301.78 | 2,095,376,368.04 |
Items | Amountinthisperiod | Amountinlastperiod |
equivalentsatthebeginningofterm | ||
VI..Balanceofcashandcashequivalentsattheendofterm | 2,580,873,573.72 | 2,540,570,178.47 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork:FangZhiPerson-in-chargeoftheaccountingorgan:ZhouFangIIAdjustmentstotheFinancialStatements
1.Adjustmentoftherelevantitemsofthefinancialstatementsatthecurrentyearbeginningaccordingtothenewstandardsforfinancialinstruments,thenewstandardsforrevenuesandthenewstandardsforleaseimplementedcommencingfromyear2020
√Applicable□NotapplicableWhethertoadjustthebalancesheetaccountsatthebeginningoftheyear
√Yes□NoConsolidatedbalancesheet
InRMB
Items | December31,2019 | January1,2020 | Adjustment |
Currentasset: | |||
Monetaryfund | 2,817,920,894.50 | 2,817,920,894.50 | |
Settlementprovision | |||
Outgoingcallloan | |||
Transactionalfinancialassets | |||
Derivativefinancialassets | |||
Notesreceivable | |||
Accountreceivable | 125,343,724.66 | 127,694,377.99 | 2,350,653.33 |
Financingofreceivables | |||
Prepayments | 10,894,246.41 | 10,894,246.41 | |
Insurancereceivable | |||
Reinsurancereceivable |
Items | December31,2019 | January1,2020 | Adjustment |
ProvisionsofReinsurancecontractsreceivable | |||
Otheraccountreceivable | 26,618,178.57 | 19,172,247.47 | -7,445,931.10 |
Including:Interestreceivable | |||
Dividendreceivable | 7,205,472.90 | 7,205,472.90 | |
Otherreceivable | 19,412,705.67 | 11,966,774.57 | -7,445,931.10 |
Repurchasingoffinancialassets | |||
Inventories | 111,683.22 | 111,683.22 | |
Contractassets | 5,095,277.77 | 5,095,277.77 | |
Assetsheldforsales | |||
Non-currentassetduewithin1year | 51,745.32 | 51,745.32 | |
Othercurrentasset | |||
Totalofcurrentassets | 2,980,940,472.68 | 2,980,940,472.68 | |
Non-currentassets: | |||
Loanandadvancementprovided | |||
Creditor'srightinvestment | |||
OtherCreditor'srightinvestment | |||
Long-termreceivable | |||
Longtermshareequityinvestment | 3,255,739,898.36 | 3,255,739,898.36 | |
Otherequityinstrumentsinvestment | 1,835,822,604.77 | 1,835,822,604.77 | |
Othernon-currentfinancialassets | |||
Propertyinvestment | 3,331,500.37 | 3,331,500.37 | |
Fixedassets | 8,925,700,473.65 | 8,925,700,473.65 | |
Including:Fixedassets | 8,925,700,473.65 | 8,925,700,473.65 | |
Liquidationoffixedassets | |||
Constructioninprogress | 229,098,299.48 | 229,098,299.48 | |
Including:Constructioninprogress | 229,098,299.48 | 229,098,299.48 |
Items | December31,2019 | January1,2020 | Adjustment |
Engineeringmaterial | |||
Productionphysicalassets | |||
Oil&gasassets | |||
Userightassets | |||
Intangibleassets | 6,393,895.17 | 6,393,895.17 | |
Developmentexpenses | |||
Goodwill | |||
Long-germexpensestobeamortized | 1,114,764.44 | 1,114,764.44 | |
Deferredincometaxasset | 385,494,106.13 | 385,494,106.13 | |
Othernon-currentasset | 50,909,325.73 | 50,909,325.73 | |
Totalofnon-currentassets | 14,693,604,868.10 | 14,693,604,868.10 | |
Totalofassets | 17,674,545,340.78 | 17,674,545,340.78 | |
Currentliabilities | |||
Short-termloans | |||
LoanfromCentralBank | |||
Borrowingfunds | |||
Transactionalfinancialliabilities | |||
Derivativefinancialliabilities | |||
Notespayable | |||
Accountpayable | 290,657,734.31 | 290,657,734.31 | |
Advancereceipts | 15,605,094.69 | 12,817,484.06 | -2,787,610.63 |
Contractliabilities | 2,787,610.63 | 2,787,610.63 | |
Sellingofrepurchasedfinancialassets | |||
Deposittakingandinterbankdeposit | |||
Entrustedtradingofsecurities | |||
Entrustedsellingofsecurities | |||
Employees’wagepayable | 14,822,524.70 | 14,822,524.70 | |
Taxpayable | 84,257,586.94 | 84,257,586.94 | |
Otheraccountpayable | 626,180,586.92 | 626,180,586.92 | |
Including:Interestpayable |
Items | December31,2019 | January1,2020 | Adjustment |
Dividendpayable | 20,020,119.31 | 20,020,119.31 | |
Otherpayable | 606,160,467.61 | 606,160,467.61 | |
Feesandcommissionspayable | |||
Reinsurancefeepayable | |||
Liabilitiesheldforsales | |||
Non-currentliabilityduewithin1year | 795,861,958.07 | 795,861,958.07 | |
Othercurrentliability | 189,628.17 | 189,628.17 | |
Totalofcurrentliability | 1,827,575,113.80 | 1,827,575,113.80 | |
Non-currentliabilities: | |||
Reservefundforinsurancecontracts | |||
Long-termloan | 4,640,425,000.00 | 4,640,425,000.00 | |
Bondpayable | 678,124,972.89 | 678,124,972.89 | |
Including:preferredstock | |||
Sustainabledebt | |||
Leaseliability | |||
Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
Including:Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
Specialpayable | |||
Long-termremunerationpayabletostaff | |||
Expectedliabilities | |||
Deferredincome | |||
Deferredincometaxliability | 238,453,976.29 | 238,453,976.29 | |
Othernon-currentliabilities | |||
Totalnon-currentliabilities | 5,596,373,329.09 | 5,596,373,329.09 | |
Totalofliability | 7,423,948,442.89 | 7,423,948,442.89 | |
Owners’equity | |||
Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
Otherequityinstruments | |||
Including:preferredstock |
Items | December31,2019 | January1,2020 | Adjustment |
Sustainabledebt | |||
Capitalreserves | 2,562,570,465.31 | 2,562,570,465.31 | |
Less:Sharesinstock | |||
Othercomprehensiveincome | 382,193,344.90 | 382,193,344.90 | |
Specialreserve | |||
Surplusreserves | 910,425,068.90 | 910,425,068.90 | |
Commonriskprovision | |||
Retainedprofit | 3,877,431,844.64 | 3,877,431,844.64 | |
Totalofowner’sequitybelongtotheparentcompany | 9,823,426,849.75 | 9,823,426,849.75 | |
Minorityshareholders’equity | 427,170,048.14 | 427,170,048.14 | |
Totalofowners’equity | 10,250,596,897.89 | 10,250,596,897.89 | |
Totalofliabilitiesandowners’equity | 17,674,545,340.78 | 17,674,545,340.78 |
Adjustmentstatement
OnJuly5,2017,theMinistryofFinanceissuedtheNoticeonRevisingandIssuingAccountingStandardsforEnterprisesNo.14-Income(CK[2017]No.22)(hereinafterreferredtoasthe"NewIncomeStandards").AfterthefourthmeetingoftheninthboardofdirectorsofthecompanyapprovedtheresolutiononApril3,2020,thecompanywillimplementtheaforesaidNewIncomeStandardsfromJanuary1,2020.Accordingtotherelevantrequirementsoftheabove-mentionedNewIncomeStandards,thecompanymustmakecorrespondingadjustmentstotherelevantaccountingpoliciespreviouslyadopted.
UndertheNewIncomeStandards,theCompanyshallfirstrecognizetheamountofmerchandisesalesreceivedinadvancefromcustomersasacontractualliabilityandconvertitintoincomewhenrelevantperformanceobligationsarefulfilled;Thecompanyhastransferredgoodstocustomersandhastherighttoreceiveconsideration,ofwhichunconditional(onlydependingonthepassageoftime)shallberecognizedasaccountsreceivable,andthosedependingonotherfactorsotherthanthepassageoftimeshallberecognizedascontractassets.
TheCompanyretroactivelyappliedtheNewIncomeStandards,butchosenottorestatetheclassificationandmeasurement(includingimpairment)involvingtheinconsistencybetweenthedatainthepreviouscomparativefinancialstatementsandtheNewIncomeStandards.Therefore,theCompanyadjustedtheaccountsreceivable,otherreceivables,contractualassets,pre-paidaccountsandcontractualliabilitiesatthebeginningof2020forthecumulativeimpactofthefirstimplementationoftherevisedstandards,andthefinancialstatementsfor2019werenotrestated.ParentCompanyBalanceSheet
InRMB
Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
Currentasset: | |||
Monetaryfund | 2,791,384,501.78 | 2,791,384,501.78 | |
Transactionalfinancialassets | |||
Derivativefinancialassets | |||
Notesreceivable | |||
Accountreceivable | 21,864,051.27 | 21,864,051.27 | |
Financingofreceivables | |||
Prepayments | 1,737,598.88 | 1,737,598.88 | |
Otheraccountreceivable | 13,435,651.19 | 13,435,651.19 | |
Including:Interestreceivable | |||
Dividendreceivable | 7,205,472.90 | 7,205,472.90 | |
Otherreceivable | 6,230,178.29 | 6,230,178.29 | |
Inventories | |||
Contractassets | |||
Assetsheldforsales | |||
Non-currentassetduewithin1year | 151,637,139.08 | 151,637,139.08 | |
Othercurrentasset | |||
Totalofcurrentassets | 2,980,058,942.20 | 2,980,058,942.20 | |
Non-currentassets: | |||
Creditor'srightsinvestment | 537,903,684.98 | 537,903,684.98 | |
OtherCreditor'srightsinvestment | |||
Long-termaccountreceivable | |||
Longtermshareequityinvestment | 4,789,404,907.17 | 4,789,404,907.17 | |
Otherequityinstrumentsinvestment | 1,835,822,604.77 | 1,835,822,604.77 | |
Othernon-currentfinancialassets | |||
Propertyinvestment | 3,079,362.12 | 3,079,362.12 | |
Fixedassets | 6,818,701,482.08 | 6,818,701,482.08 | |
Including:Fixedassets | 6,818,701,482.08 | 6,818,701,482.08 |
Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
Liquidationoffixedassets | |||
Constructioninprogress | 46,952,925.08 | 46,952,925.08 | |
Including:Constructioninprogress | 46,952,925.08 | 46,952,925.08 | |
Engineeringmaterial | |||
Productionphysicalassets | |||
Oil&gasassets | |||
Userightassets | |||
Intangibleassets | 2,533,878.12 | 2,533,878.12 | |
Developmentexpenses | |||
Goodwill | |||
Long-germexpensestobeamortized | |||
Deferredincometaxasset | 385,296,935.33 | 385,296,935.33 | |
Othernon-currentasset | 36,901,029.57 | 36,901,029.57 | |
Totalofnon-currentassets | 14,456,596,809.22 | 14,456,596,809.22 | |
Totalofassets | 17,436,655,751.42 | 17,436,655,751.42 | |
Currentliabilities | |||
Short-termloans | |||
Transactionalfinancialliabilities | |||
Derivativefinancialliabilities | |||
Notespayable | |||
Accountpayable | 129,930,285.56 | 129,930,285.56 | |
Advancereceipts | |||
ContractLiabilities | |||
Employees’wagepayable | 6,340,740.61 | 6,340,740.61 | |
Taxpayable | 8,704,510.83 | 8,704,510.83 | |
Otheraccountpayable | 582,131,356.01 | 582,131,356.01 | |
Including:Interestpayable | |||
Dividendpayable | 20,020,119.31 | 20,020,119.31 | |
Otherpayable | 562,111,236.70 | 562,111,236.70 | |
Liabilitiesheldforsales | |||
Non-currentliabilitydue | 744,589,133.72 | 744,589,133.72 |
Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
within1year | |||
Othercurrentliability | 821,133,339.57 | 821,133,339.57 | |
Totalofcurrentliability | 2,292,829,366.30 | 2,292,829,366.30 | |
Non-currentliabilities: | |||
Long-termloan | 4,243,730,000.00 | 4,243,730,000.00 | |
Bondpayable | 678,124,972.89 | 678,124,972.89 | |
Including:preferredstock | |||
Sustainabledebt | |||
Leaseliability | |||
Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
Including:Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
Specialpayable | |||
Long-termremunerationpayabletostaff | |||
Expectedliabilities | |||
Deferredincome | |||
Deferredincometaxliability | 129,978,356.56 | 129,978,356.56 | |
Othernon-currentliabilities | |||
Totalnon-currentliabilities | 5,091,202,709.36 | 5,091,202,709.36 | |
Totalofliability | 7,384,032,075.66 | 7,384,032,075.66 | |
Owners’equity | |||
Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
Otherequityinstruments | |||
Including:preferredstock | |||
Sustainabledebt | |||
Capitalreserves | 2,974,458,696.93 | 2,974,458,696.93 | |
Less:Sharesinstock | |||
Othercomprehensiveincome | 382,193,344.90 | 382,193,344.90 | |
Specialreserve | |||
Surplusreserves | 894,580,785.25 | 894,580,785.25 | |
Retainedprofit | 3,710,584,722.68 | 3,710,584,722.68 | |
Totalofowners’equity | 10,052,623,675.76 | 10,052,623,675.76 |
Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
Totalofliabilitiesandowners’equity | 17,436,655,751.42 | 17,436,655,751.42 |
Adjustmentstatement
2.Notetotheretroactiveadjustmentofthepreviouscomparativedataaccordingtothenewstandardsforfinancialinstrumentsandthenewstandardsforleaseimplementedcommencingfromyear2020
□Applicable√NotapplicableIII.Auditor’reportIstheThirdQuarterlyReportbeaudited?
□Yes√NoTheThirdQuarterlyreportisnotaudited.