THIRD QUARTER REPORT 2018
October 2018
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 referred
to as the “Company”) hereby guarantee the factuality, accuracy and completeness of the
contents 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 Report
and its summary.
Mr. Wang Dongsheng, the Company’s legal representative, Mr. Chen Yanshun, president ofthe Company’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 in
this 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 shall
prevail.
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
| Item | 30 September 2018 | 31 December 2017 | Change (%) | |||
| Total assets (RMB) | 289,680,059,305.00 | 256,108,741,849.00 | 13.11% | |||
| Equity attributable to the listed company’s shareholders (RMB) | 85,818,805,445.00 | 84,809,816,377.00 | 1.19% | |||
| Item | Q3 2018 | YoY change (%) | Q1-Q3 2018 | YoY change (%) | ||
| Operating revenue (RMB) | 25,990,508,323.00 | 4.79% | 69,464,413,289.00 | 0.08% | ||
| Net profit attributable to the listed company’s shareholders (RMB) | 403,860,235.00 | -81.42% | 3,379,066,735.00 | -47.82% | ||
| Net profit attributable to the listed company’s shareholders before exceptional items (RMB) | 119,979,875.00 | -93.68% | 1,098,848,634.00 | -81.43% | ||
| Net cash generated from/used in operating activities (RMB) | -- | -- | 18,297,602,412.00 | -1.05% | ||
| Basic earnings per share (RMB/share) | 0.012 | -80.65% | 0.097 | -47.57% | ||
| Diluted earnings per share (RMB/share) | 0.012 | -80.65% | 0.097 | -47.57% | ||
| Weighted average return on equity (%) | 0.47% | -82.33% | 3.92% | -50.75% | ||
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
| Item | Q1-Q3 2018 | Note |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | -17,906,941.00 | N/A |
| Tax rebates, reductions and exemptions given with ultra vires approval or in lack of official approval documents | 0.00 | N/A |
| Government subsidies charged to current profit or 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) | 2,431,679,361.00 | N/A |
| Capital occupation charges on non-financial enterprises that are charged to current profit or loss | 0.00 | N/A |
| Gain 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 asset value of investees when making investments | 9,317,244.00 | N/A |
| Gain or loss on non-monetary asset swaps | 0.00 | N/A |
| Gain or loss on investments or assets entrusted to other entities for management | 0.00 | N/A |
| Allowance for asset impairments due to acts of God such as natural disasters | 0.00 | N/A |
| Gain or loss on debt restructuring | 0.00 | N/A |
| Restructuring costs in staff arrangement, integration, etc. | 0.00 | N/A |
| Gain or loss on over-fair value amount as a result of transactions with distinctly unfair prices | 0.00 | N/A |
| Current profit or loss on subsidiaries obtained in business combinations involving enterprises under common control from period-beginning to combination dates, net | 0.00 | N/A |
| Gain or loss 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 & investment income from disposal of trading financial assets and liabilities and available-for-sale financial assets (exclusive of effective portion of hedges that arise in the Company’s ordinary course of business) | 273,977,796.00 | N/A |
| Reversed portion of impairment allowance for accounts receivable which are tested individually for impairment | 153,235.00 | N/A |
| Gain or loss on loan entrustments | 0.00 | N/A |
| Gain or loss 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 profit or loss | 0.00 | N/A |
| Income from charges on entrusted management | 0.00 | N/A |
| Non-operating income and expense other than above | 48,197,584.00 | N/A |
| Other gains and losses that meet definition of exceptional gain/loss | 0.00 | N/A |
| Less: Income tax effects | 313,681,228.00 | N/A |
| Non-controlling interests effects (net of tax) | 151,518,950.00 | N/A |
| Total | 2,280,218,101.00 | -- |
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss
Items:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2018
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 | 1,423,472 (including 1,384,020 A-shareholders and 39,452 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 Ezcapital Opto-electronics Industry Investment Co., Ltd. | State-owned legal person | 7.62% | 2,653,000,041 | 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 | 3.57% | 1,241,423,641 | 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 | 1.42% | 493,694,620 | 0 | N/A | 0 | ||
| National Social Security Fund Portfolio 108 | Other | 1.07% | 371,014,227 | 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 | ||
| China Securities Finance Corporation Limited | Other | 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 | 4,063,333,333 | |||||
| ordinary stock | |||
| Chongqing Ezcapital Opto-electronics Industry Investment Co., Ltd. | 2,653,000,041 | RMB-denominated ordinary stock | 2,653,000,041 |
| Hefei Jianxiang Investment Co., Ltd. | 2,510,142,953 | RMB-denominated ordinary stock | 2,510,142,953 |
| Beijing Yizhuang Investment Holdings Co., Ltd | 1,241,423,641 | RMB-denominated ordinary stock | 1,241,423,641 |
| Beijing BOE Investment & Development Co., Ltd. | 822,092,180 | RMB-denominated ordinary stock | 822,092,180 |
| Hong Kong Securities Clearing Company Ltd. | 493,694,620 | RMB-denominated ordinary stock | 493,694,620 |
| National Social Security Fund Portfolio 108 | 371,014,227 | RMB-denominated ordinary stock | 371,014,227 |
| 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 |
| 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 Photoelectricity 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 | Naught |
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.
□ Yea √ 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 Selected Consolidated Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
Unit: RMB
| Item | 30 September 2018 (or Q1~Q3 2018) | 31 December 2017 (or Q1~Q3 2017) | Change (%) | Explanation of why |
| Inventories | 12,178,965,256.00 | 8,957,719,381.00 | 36% | Mass production on new production lines and additions to the consolidation scope |
| Long-term equity investments | 4,036,661,192.00 | 6,928,854,415.00 | -42% | Shift of associate to subsidiary during the current period |
| Construction in progress | 67,442,708,371.00 | 50,761,250,426.00 | 33% | Rise in investments in new constructions in the current period |
| Notes and accounts payable | 22,096,470,048.00 | 16,749,587,533.00 | 32% | Rise in material purchases as a result of the production and sales ramp-up in the current period |
| Current portion of non-current liabilities | 6,068,813,097.00 | 9,109,708,511.00 | -33% | Repayment of bank loans in the current period |
| Finance costs | 2,242,661,339.00 | 1,413,361,041.00 | 59% | Greater exchange loss and interest expenditure |
| Asset impairment loss | 783,454,658.00 | 1,757,042,642.00 | -55% | Decline in inventory valuation allowances, which were recorded at the lower of the cost and the net realizable value |
| Other investment | 2,261,274,910.00 | 458,317,281.00 | 393% | Rise in government subsidies in the current period |
| Investment income | 258,565,775.00 | 61,147,940.00 | 323% | Higher gains on wealth management products during the current period |
| Net cash generated from/used in financing activities | 11,681,695,994.00 | 27,057,943,017.00 | -57% | Rise in bank loan repayments in the current period |
II Progress, Influence and Solutions Associated with Significant Events
√ Applicable □ Not applicable
1. The wholly-owned subsidiary, BOE Technology (Hong Kong) Co., Ltd., filed lawsuits to Beijing Municipal Higher People's Court
against following Defendants: Letv Mobile Intelligent Information Technology (Beijing) Co., Ltd. (referred to as “Letv Mobile”
hereinafter) , TV Plus Holdings (Beijing) Limited, Leseil Mobile Technology (Beijing) Co., Ltd. and JiaYueting, with the total
amount 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. On 29 June 2018, the Supreme People's Court issued the final verdict to dismiss Letv
Mobile’s appeal and sustain the original ruling. For receivables corresponding to aforementioned amount of claims, the Company has
counted provision for bad debts as per regulations in accounting standard accordingly; therefore, it has uncertain influences on theCompany.
| Overview of significant events | Disclosure date | index to disclosure website for interim report |
| Announcement on Connected Transaction regarding Participation in Beijing Electronic Control Industrial Investment Co., Ltd. | 31 July 2018 | www.cninfo.com.cn |
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties and
Acquirers, as well as the Company Itself and Other Parties, Failed to Fulfill on Time duringReporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV 2018 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in net profit for year 2018, as well as explanation of why:
□ Applicable √ Not applicable
V Securities Investments
√ Applicable □ Not applicable
Unit: RMB
| Security type | Security code | Security name | Initial investment cost | Measurement method | Beginning carrying amount | Gain/Loss on fair-value changes in Reporting Period | Accumulated fair-value changes charged to equity | Purchased in Reporting Period | Sold in Reporting Period | Gain/loss in Reporting Period | Ending carrying amount | Accounting title | Funding source |
| Domestically/Overseas listed stock | HK00903 | TPV Technology | 134,658,158.00 | Fair value method | 21,584,703.00 | 0.00 | -13,251,799.00 | 0.00 | 0.00 | 196,070.00 | 14,791,508.00 | Available-for-sale financial assets | Self-funded |
| Domestically/Overseas listed stock | SH600658 | Electronic Zone | 90,160,428.00 | Fair value method | 108,996,372.00 | 0.00 | 23,298,083.00 | 0.00 | 0.00 | 1,875,523.00 | 69,973,707.00 | Available-for-sale financial assets | Self-funded |
| Domestically/Overseas listed stock | HK01963 | Bank of Chongqing | 120,084,375.00 | Fair value method | 130,968,760.00 | 0.00 | -15,895,655.00 | 0.00 | 0.00 | 3,033,233.00 | 104,188,720.00 | Available-for-sale financial assets | Self-funded |
| Funds | BLK | BlackRock Global Allocation | 0.00 | Fair value method | 6,347,799.00 | 0.00 | 2,081,841.00 | 0.00 | 6,179,429.00 | 2,570,403.00 | 0.00 | Available-for-sale | Self-funded |
| Fund (USD) A2 | financial assets | ||||||||||||
| Domestically/Overseas listed stock | HK06066 | China Securities | 70,041,364.00 | Fair value method | 65,856,319.00 | 0.00 | -24,453,603.00 | 0.00 | 0.00 | 0.00 | 45,587,761.00 | Available-for-sale financial assets | Self-funded |
| Domestically/Overseas listed stock | HK01518 | New century medical treatment | 140,895,855.00 | Fair value method | 178,837,871.00 | 0.00 | 605,921.00 | 0.00 | 662,426.00 | 1,127,547.00 | 141,501,776.00 | Available-for-sale financial assets | Self-funded |
| Domestically/Overseas listed stock | HK00948 | Z-Obee Holdings Ltd. | 0.00 | Fair value method | 246,566.00 | 0.00 | 305,200.00 | 0.00 | 290,658.00 | 299,797.00 | 0.00 | Available-for-sale financial assets | Self-funded |
| 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 | 555,840,180.00 | -- | 512,838,390.00 | 0.00 | -27,310,012.00 | 0.00 | 7,132,513.00 | 9,102,573.00 | 376,043,472.00 | -- | -- | ||
| Disclosure date of announcement on Board’s consent for securities investments | N/A | ||||||||||||
| Disclosure date of announcement on general meeting’s consent for securities investments (if any) | N/A | ||||||||||||
VI 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 | Self-funded | 1,257,000 | 583,200 | 0 |
| Total | 1,257,000 | 583,200 | 0 | |
High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or noprotection of the principal:
□ Applicable √ Not applicable
Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:
□ Applicable √ Not applicable
VII Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VIII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc.during Reporting Period
√ Applicable □ Not applicable
| Date of visit | Way of visit | Type of visitor | About |
| 3 July 2018 | By one-on-one meeting | Institution | Performance of the Company for the first half of the year and industrial situation; Main operating information of the Company; Technology and product innovation; Future strategic layout. |
| 4 July 2018 | By one-on-one meeting | Institution | |
| 5 July 2018 | By one-on-one meeting | Institution | |
| 12 July 2018 | By one-on-one meeting | Institution | |
| 17 July 2018 | By one-on-one meeting | Institution | |
| 18 July 2018 | By one-on-one meeting | Institution | |
| 26 July 2018 | By one-on-one meeting | Institution | |
| 29 August 2018 | By one-on-one meeting | Institution | |
| 13 September 2018 | By one-on-one meeting | Institution | |
| 20 September 2018 | By one-on-one meeting | Institution |
IX Irregularities in Provision of Guarantees for External Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Occupation of the Company’s Capital by Controlling Shareholder or Its Related Parties for
Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB
| Item | 30 September 2018 | 31 December 2017 |
| Current assets: | ||
| Monetary capital | 53,087,082,081.00 | 57,128,659,576.00 |
| Settlement reserve | 0.00 | 0.00 |
| Interbank loans granted | 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 and accounts receivable | 19,694,977,483.00 | 16,347,031,379.00 |
| Including: Notes receivable | 533,324,430.00 | 833,268,127.00 |
| Accounts receivable | 19,161,653,053.00 | 15,513,763,252.00 |
| Prepayments | 987,661,510.00 | 587,126,751.00 |
| Premiums receivable | 0.00 | 0.00 |
| Reinsurance receivables | 0.00 | 0.00 |
| Receivable reinsurance contract reserve | 0.00 | 0.00 |
| Other receivables | 724,420,493.00 | 818,024,132.00 |
| Financial assets purchased under resale agreements | 0.00 | 0.00 |
| Inventories | 12,178,965,256.00 | 8,957,719,381.00 |
| Assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current assets | 0.00 | 17,303,152.00 |
| Other current assets | 12,465,582,300.00 | 15,924,433,978.00 |
| Total current assets | 99,138,689,123.00 | 99,780,298,349.00 |
| Non-current assets: | ||
| Loans and advances to customers | 0.00 | 0.00 |
| Available-for-sale financial assets | 766,169,370.00 | 859,899,356.00 |
| Held-to-maturity investments | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 |
| Long-term equity investments | 4,036,661,192.00 | 6,928,854,415.00 |
| Investment property | 1,268,961,384.00 | 1,296,662,205.00 |
| Fixed assets | 106,323,512,619.00 | 88,625,296,761.00 |
| Construction in progress | 67,442,708,371.00 | 50,761,250,426.00 |
| Productive living assets | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 |
| Intangible assets | 5,383,958,273.00 | 2,982,664,308.00 |
| R&D expense | 0.00 | 0.00 |
| Goodwill | 841,479,045.00 | 197,963,688.00 |
| Long-term prepaid expense | 394,830,975.00 | 379,829,430.00 |
| Deferred income tax assets | 185,662,548.00 | 106,255,657.00 |
| Other non-current assets | 3,897,426,405.00 | 4,189,767,254.00 |
| Total non-current assets | 190,541,370,182.00 | 156,328,443,500.00 |
| Total assets | 289,680,059,305.00 | 256,108,741,849.00 |
| Current liabilities: | ||
| Short-term borrowings | 1,563,009,194.00 | 3,249,736,430.00 |
| Borrowings from central bank | 0.00 | 0.00 |
| Customer deposits and interbank deposits | 0.00 | 0.00 |
| Interbank loans obtained | 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 and accounts payable | 22,096,470,048.00 | 16,749,587,533.00 |
| Advances from customers | 789,492,542.00 | 781,324,522.00 |
| Financial assets sold under repurchase agreements | 0.00 | 0.00 |
| Handling charges and commissions payable | 0.00 | 0.00 |
| Payroll payable | 1,787,731,588.00 | 2,217,066,944.00 |
| Taxes payable | 673,476,286.00 | 775,621,146.00 |
| Other payables | 19,796,895,018.00 | 16,122,413,130.00 |
| Reinsurance payables | 0.00 | 0.00 |
| Insurance contract reserve | 0.00 | 0.00 |
| Payables for acting trading of securities | 0.00 | 0.00 |
| Payables for underwriting of securities | 0.00 | 0.00 |
| Liabilities directly associated with assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current liabilities | 6,068,813,097.00 | 9,109,708,511.00 |
| Other current liabilities | 1,102,987,556.00 | 730,709,590.00 |
| Total current liabilities | 53,878,875,329.00 | 49,736,167,806.00 |
| Non-current liabilities: | ||
| Long-term borrowings | 91,696,478,647.00 | 78,973,633,010.00 |
| Bonds payable | 9,973,978,795.00 | 9,966,467,496.00 |
| Including: Preferred shares | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 |
| Long-term payables | 1,549,439,574.00 | 1,176,250,982.00 |
| Long-term payroll payable | 0.00 | 0.00 |
| Provisions | 16,457,010.00 | 16,457,010.00 |
| Deferred income | 8,115,602,224.00 | 2,261,955,307.00 |
| Deferred income tax liabilities | 1,340,866,351.00 | 563,302,910.00 |
| Other non-current liabilities | 10,418,882,740.00 | 9,130,244,495.00 |
| Total non-current liabilities | 123,111,705,341.00 | 102,088,311,210.00 |
| Total liabilities | 176,990,580,670.00 | 151,824,479,016.00 |
| 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 | 38,262,622,157.00 | 38,585,515,122.00 |
| Less: Treasury stock | 0.00 | 0.00 |
| Other comprehensive income | -156,565,476.00 | 150,602,933.00 |
| Specific reserve | 0.00 | 0.00 |
| Surplus reserves | 889,640,475.00 | 889,640,475.00 |
| General reserve | 0.00 | 0.00 |
| Retained earnings | 12,024,709,526.00 | 10,385,659,084.00 |
| Total equity attributable to owners of the Company as the parent | 85,818,805,445.00 | 84,809,816,377.00 |
| Non-controlling interests | 26,870,673,190.00 | 19,474,446,456.00 |
| Total owners’ equity | 112,689,478,635.00 | 104,284,262,833.00 |
| Total liabilities and owners’ equity | 289,680,059,305.00 | 256,108,741,849.00 |
Legal representative: Wang Dongsheng Chief Financial Officer: Sun Yun Financial Officer: Yang Xiaoping
2. Balance Sheet of the Company as the Parent
Unit: RMB
| Item | 30 September 2018 | 31 December 2017 |
| Current assets: | ||
| Monetary capital | 4,737,795,583.00 | 2,990,801,501.00 |
| Financial assets at fair value through profit or loss | 0.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 |
| Notes and accounts receivable | 41,692,757.00 | 39,897,385.00 |
| Including: Notes receivable | 1,000,000.00 | 0.00 |
| Accounts receivable | 40,692,757.00 | 39,897,385.00 |
| Prepayments | 58,539,027.00 | 10,315,083.00 |
| Other receivables | 1,924,663,029.00 | 1,835,131,720.00 |
| Inventories | 12,722,646.00 | 12,751,847.00 |
| Assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current assets | 632,000,000.00 | 3,648,840,000.00 |
| Other current assets | 7,531,966.00 | 61,082,075.00 |
| Total current assets | 7,414,945,008.00 | 8,598,819,611.00 |
| Non-current assets: | ||
| Available-for-sale financial assets | 103,453,247.00 | 149,269,107.00 |
| Held-to-maturity investments | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 |
| Long-term equity investments | 139,837,379,654.00 | 121,193,680,391.00 |
| Investment property | 291,365,998.00 | 292,544,063.00 |
| Fixed assets | 963,926,933.00 | 982,985,346.00 |
| Construction in progress | 250,593,462.00 | 274,400,649.00 |
| Productive living assets | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 |
| Intangible assets | 499,452,594.00 | 530,490,988.00 |
| R&D expense | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 |
| Long-term prepaid expense | 108,134,949.00 | 112,776,691.00 |
| Deferred income tax assets | 98,549,668.00 | 150,206,185.00 |
| Other non-current assets | 301,965,295.00 | 480,909,226.00 |
| Total non-current assets | 142,454,821,800.00 | 124,167,262,646.00 |
| Total assets | 149,869,766,808.00 | 132,766,082,257.00 |
| Current liabilities: | ||
| Short-term borrowings | 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 and accounts payable | 42,992,846.00 | 50,152,503.00 |
| Advances from customers | 1,727,192,663.00 | 1,375,022,585.00 |
| Payroll payable | 170,319,668.00 | 283,000,193.00 |
| Taxes payable | 61,130,646.00 | 119,584,927.00 |
| Other payables | 7,391,716,205.00 | 10,032,392,970.00 |
| Liabilities directly associated with assets classified as held for sale | 0.00 | 0.00 |
| Current portion of non-current liabilities | 3,090,000,000.00 | 4,031,840,000.00 |
| Other current liabilities | 0.00 | 0.00 |
| Total current liabilities | 12,483,352,028.00 | 15,891,993,178.00 |
| Non-current liabilities: | ||
| Long-term borrowings | 26,720,000,000.00 | 23,943,000,000.00 |
| Bonds payable | 9,973,978,795.00 | 9,966,467,496.00 |
| Including: Preferred shares | 0.00 | 0.00 |
| Perpetual bonds | 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 | 5,742,736,897.00 | 130,652,127.00 |
| Deferred income tax liabilities | 0.00 | 0.00 |
| Other non-current liabilities | 19,150,000,000.00 | 7,600,000,000.00 |
| Total non-current liabilities | 61,586,715,692.00 | 41,640,119,623.00 |
| Total liabilities | 74,070,067,720.00 | 57,532,112,801.00 |
| 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 | 37,590,966,191.00 | 37,588,541,593.00 |
| Less: Treasury stock | 0.00 | 0.00 |
| Other comprehensive income | 153,154,008.00 | 192,097,489.00 |
| Specific reserve | 0.00 | 0.00 |
| Surplus reserves | 889,640,475.00 | 889,640,475.00 |
| Retained earnings | 2,367,539,651.00 | 1,765,291,136.00 |
| Total owners’ equity | 75,799,699,088.00 | 75,233,969,456.00 |
| Total liabilities and owners’ equity | 149,869,766,808.00 | 132,766,082,257.00 |
3. Consolidated Income Statement for Q3
Unit: RMB
| Item | Q3 2018 | Q3 2017 |
| 1. Revenue | 25,990,508,323.00 | 24,803,328,149.00 |
| Including: Operating revenue | 25,990,508,323.00 | 24,803,328,149.00 |
| 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 | 26,024,312,239.00 | 22,425,267,847.00 |
| Including: Cost of sales | 21,245,420,721.00 | 19,040,130,225.00 |
| 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 insurance contract reserve | 0.00 | 0.00 |
| Expenditure on policy dividends | 0.00 | 0.00 |
| Reinsurance premium expense | 0.00 | 0.00 |
| Taxes and surcharges | 200,057,483.00 | 144,335,774.00 |
| Selling expense | 751,560,070.00 | 760,132,128.00 |
| Administrative expense | 1,471,377,632.00 | 568,679,877.00 |
| R&D expense | 989,103,251.00 | 1,264,145,472.00 |
| Finance costs | 1,041,487,684.00 | 314,247,859.00 |
| Including: Interest expense | 852,142,227.00 | 524,655,338.00 |
| Interest income | 195,757,126.00 | 229,837,025.00 |
| Asset impairment loss | 325,305,398.00 | 333,596,512.00 |
| Add: Other income | 357,114,751.00 | 183,014,417.00 |
| Investment income (“-” for loss) | 91,641,762.00 | 41,985,789.00 |
| Including: Share of profit or loss of joint ventures and associates | -2,412,689.00 | 4,320,922.00 |
| Gain on changes in fair value (“-” for loss) | 0.00 | 0.00 |
| Foreign exchange gain (“-” for loss) | 0.00 | 0.00 |
| Asset disposal income (“-” for loss) | -431,247.00 | 527,112.00 |
| 3. Operating profit (“-” for loss) | 414,521,350.00 | 2,603,587,620.00 |
| Add: Non-operating income | 32,215,068.00 | 45,382,701.00 |
| Less: Non-operating expense | 25,909,519.00 | 36,738,470.00 |
| 4. Profit before tax (“-” for loss) | 420,826,899.00 | 2,612,231,851.00 |
| Less: Income tax expense | 279,701,576.00 | 412,765,482.00 |
| 5. Net profit (“-” for net loss) | 141,125,323.00 | 2,199,466,369.00 |
| 5.1 Net profit from continuing operations (“-” for net loss) | 141,125,323.00 | 2,199,466,369.00 |
| 5.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| Net profit attributable to owners of the Company as the parent | 403,860,235.00 | 2,173,061,620.00 |
| Net profit attributable to non-controlling interests | -262,734,912.00 | 26,404,749.00 |
| 6. Other comprehensive income, net of tax | -19,565,137.00 | -21,113,647.00 |
| Attributable to owners of the Company as the parent | -68,881,892.00 | -4,000,944.00 |
| 6.1 Items that will not be reclassified to profit or loss | 0.00 | 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 not be reclassified to profit or loss under equity method | 0.00 | 0.00 |
| 6.2 Items that may subsequently be reclassified to profit or loss | -68,881,892.00 | -4,000,944.00 |
| 6.2.1 Share of other comprehensive income of investees that will be reclassified to profit or loss under equity method | 0.00 | 0.00 |
| 6.2.2 Gain/Loss on changes in fair value of available-for-sale financial assets | -51,328,248.00 | 21,235,545.00 |
| 6.2.3 Gain/Loss arising from reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 6.2.4 Effective gain/loss on cash flow hedges | 0.00 | 0.00 |
| 6.2.5 Differences arising from translation of foreign currency-denominated financial statements | -17,553,644.00 | -25,236,489.00 |
| 6.2.6 Other | 0.00 | 0.00 |
| Attributable to non-controlling interests | 49,316,755.00 | -17,112,703.00 |
| 7. Total comprehensive income | 121,560,186.00 | 2,178,352,722.00 |
| Attributable to owners of the Company as the parent | 334,978,343.00 | 2,169,060,676.00 |
| Attributable to non-controlling interests | -213,418,157.00 | 9,292,046.00 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.012 | 0.062 |
| 8.2 Diluted earnings per share | 0.012 | 0.062 |
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: Wang Dongsheng Chief Financial Officer: Sun Yun Financial Officer: Yang Xiaoping
4. Income Statement of the Company as the Parent for Q3
Unit: RMB
| Item | Q3 2018 | Q3 2017 |
| 1. Operating revenue | 880,896,282.00 | 529,426,781.00 |
| Less: Cost of sales | 11,375,516.00 | 22,804,344.00 |
| Taxes and surcharges | 10,756,707.00 | 449,900.00 |
| Selling expense | 114,342.00 | 169,256.00 |
| Administrative expense | 208,556,956.00 | 145,362,352.00 |
| R&D expense | 333,106,008.00 | 247,715,348.00 |
| Finance costs | 287,967,713.00 | 131,735,582.00 |
| Including: Interest expense | 296,503,529.00 | 140,397,611.00 |
| Interest income | 10,680,666.00 | 13,503,667.00 |
| Asset impairment loss | 0.00 | 0.00 |
| Add: Other income | 230,746,114.00 | 10,259,445.00 |
| Investment income (“-” for loss) | -2,272,624.00 | 4,182,766.00 |
| Including: Share of profit or loss of joint ventures and associates | -2,281,972.00 | 4,320,922.00 |
| Gain on changes in fair value (“-” for loss) | 0.00 | 0.00 |
| Asset disposal income (“-” for loss) | 0.00 | 0.00 |
| 2. Operating profit (“-” for loss) | 257,492,530.00 | -4,367,790.00 |
| Add: Non-operating income | 1,026,267.00 | 211,963.00 |
| Less: Non-operating expense | 1,532,297.00 | 121,522.00 |
| 3. Profit before tax (“-” for loss) | 256,986,500.00 | -4,277,349.00 |
| Less: Income tax expense | 30,344,396.00 | 0.00 |
| 4. Net profit (“-” for net loss) | 226,642,104.00 | -4,277,349.00 |
| 4.1 Net profit from continuing operations (“-” for net loss) | 226,642,104.00 | -4,277,349.00 |
| 4.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5. Other comprehensive income, net of tax | -4,076,480.00 | -27,332,567.00 |
| 5.1 Items that will not be reclassified to profit or loss | 0.00 | 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 |
| 5.2 Items that may subsequently be reclassified to profit or loss | -4,076,480.00 | -27,332,567.00 |
| 5.2.1 Share of other comprehensive income of investees that will be reclassified to profit or loss under equity method | 0.00 | 0.00 |
| 5.2.2 Gain/Loss on changes in fair value of available-for-sale financial assets | -4,076,480.00 | -27,332,567.00 |
| 5.2.3 Gain/Loss arising from reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 5.2.4 Effective gain/loss on cash flow hedges | 0.00 | 0.00 |
| 5.2.5 Differences arising from translation of foreign currency-denominated financial statements | 0.00 | 0.00 |
| 5.2.6 Other | 0.00 | 0.00 |
| 6. Total comprehensive income | 222,565,624.00 | -31,609,916.00 |
| 7. Earnings per share | ||
| 7.1 Basic earnings per share | 0.0065 | -0.0001 |
| 7.2 Diluted earnings per share | 0.0065 | -0.0001 |
5. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2018 | Q1~Q3 2017 |
| 1. Revenue | 69,464,413,289.00 | 69,408,356,144.00 |
| Including: Operating revenue | 69,464,413,289.00 | 69,408,356,144.00 |
| 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 | 68,169,468,906.00 | 61,820,017,178.00 |
| Including: Cost of sales | 56,390,002,852.00 | 51,275,396,814.00 |
| 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 insurance contract reserve | 0.00 | 0.00 |
| Expenditure on policy dividends | 0.00 | 0.00 |
| Reinsurance premium expense | 0.00 | 0.00 |
| Taxes and surcharges | 502,623,237.00 | 500,036,766.00 |
| Selling expense | 2,046,342,664.00 | 1,988,692,991.00 |
| Administrative expense | 3,615,086,182.00 | 2,670,203,499.00 |
| R&D expense | 2,589,297,974.00 | 2,215,283,425.00 |
| Finance costs | 2,242,661,339.00 | 1,413,361,041.00 |
| Including: Interest expense | 2,279,883,467.00 | 1,756,184,975.00 |
| Interest income | 541,745,812.00 | 606,657,457.00 |
| Asset impairment loss | 783,454,658.00 | 1,757,042,642.00 |
| Add: Other income | 2,261,274,910.00 | 458,317,281.00 |
| Investment income (“-” for loss) | 258,565,775.00 | 61,147,940.00 |
| Including: Share of profit or loss of joint ventures and associates | -31,991,268.00 | -9,369,632.00 |
| Gain on changes in fair value (“-” for loss) | 0.00 | 0.00 |
| Foreign exchange gain (“-” for loss) | 0.00 | 0.00 |
| Asset disposal income (“-” for loss) | -589,758.00 | -2,593,427.00 |
| 3. Operating profit (“-” for loss) | 3,814,195,310.00 | 8,105,210,760.00 |
| Add: Non-operating income | 128,856,936.00 | 98,913,684.00 |
| Less: Non-operating expense | 33,563,330.00 | 57,068,973.00 |
| 4. Profit before tax (“-” for loss) | 3,909,488,916.00 | 8,147,055,471.00 |
| Less: Income tax expense | 939,270,136.00 | 1,353,027,097.00 |
| 5. Net profit (“-” for net loss) | 2,970,218,780.00 | 6,794,028,374.00 |
| 5.1 Net profit from continuing operations (“-” for net loss) | 2,970,218,780.00 | 6,794,028,374.00 |
| 5.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| Net profit attributable to owners of the Company as the parent | 3,379,066,735.00 | 6,475,667,220.00 |
| Net profit attributable to non-controlling interests | -408,847,955.00 | 318,361,154.00 |
| 6. Other comprehensive income, net of tax | -242,834,533.00 | -35,115,613.00 |
| Attributable to owners of the Company as the parent | -307,168,409.00 | 5,367,252.00 |
| 6.1 Items that will not be reclassified to profit or loss | 0.00 | 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 not be reclassified to profit or loss under equity method | 0.00 | 0.00 |
| 6.2 Items that may subsequently be reclassified to profit or loss | -307,168,409.00 | 5,367,252.00 |
| 6.2.1 Share of other comprehensive income of investees that will be reclassified to profit or loss under equity method | 0.00 | 0.00 |
| 6.2.2 Gain/Loss on changes in fair value of available-for-sale financial assets | -142,383,300.00 | 19,080,453.00 |
| 6.2.3 Gain/Loss arising from reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 6.2.4 Effective gain/loss on cash flow hedges | 0.00 | 0.00 |
| 6.2.5 Differences arising from translation of foreign currency-denominated financial statements | -164,785,109.00 | -13,713,201.00 |
| 6.2.6 Other | 0.00 | 0.00 |
| Attributable to non-controlling interests | 64,333,876.00 | -40,482,865.00 |
| 7. Total comprehensive income | 2,727,384,247.00 | 6,758,912,761.00 |
| Attributable to owners of the Company as the parent | 3,071,898,326.00 | 6,481,034,472.00 |
| Attributable to non-controlling interests | -344,514,079.00 | 277,878,289.00 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.097 | 0.185 |
| 8.2 Diluted earnings per share | 0.097 | 0.185 |
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.
6. Income Statement of the Company as the Parent for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2018 | Q1~Q3 2017 |
| 1. Operating revenue | 3,027,757,238.00 | 1,234,889,796.00 |
| Less: Cost of sales | 24,162,249.00 | 28,474,942.00 |
| Taxes and surcharges | 34,788,558.00 | 19,019,285.00 |
| Selling expense | 547,948.00 | 1,190,400.00 |
| Administrative expense | 535,278,413.00 | 387,637,790.00 |
| R&D expense | 826,657,662.00 | 689,780,098.00 |
| Finance costs | 666,905,601.00 | 337,091,462.00 |
| Including: Interest expense | 696,539,636.00 | 376,890,181.00 |
| Interest income | 31,590,749.00 | 51,167,887.00 |
| Asset impairment loss | 0.00 | 0.00 |
| Add: Other income | 763,173,779.00 | 19,888,228.00 |
| Investment income (“-” for loss) | 882,196,406.00 | 598,700,736.00 |
| Including: Share of profit or loss of joint ventures and associates | -19,884,534.00 | -9,369,632.00 |
| Gain on changes in fair value (“-” for loss) | 0.00 | 0.00 |
| Asset disposal income (“-” for loss) | 0.00 | -110,106.00 |
| 2. Operating profit (“-” for loss) | 2,584,786,992.00 | 390,174,677.00 |
| Add: Non-operating income | 4,344,115.00 | 2,442,585.00 |
| Less: Non-operating expense | 2,108,640.00 | 797,870.00 |
| 3. Profit before tax (“-” for loss) | 2,587,022,467.00 | 391,819,392.00 |
| Less: Income tax expense | 244,757,659.00 | 7,327,135.00 |
| 4. Net profit (“-” for net loss) | 2,342,264,808.00 | 384,492,257.00 |
| 4.1 Net profit from continuing operations (“-” for net loss) | 2,342,264,808.00 | 384,492,257.00 |
| 4.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5. Other comprehensive income, net of tax | -38,943,481.00 | -21,301,621.00 |
| 5.1 Items that will not be reclassified to profit or loss | 0.00 | 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 |
| 5.2 Items that may subsequently be reclassified to profit or loss | -38,943,481.00 | -21,301,621.00 |
| 5.2.1 Share of other comprehensive income of investees that will be reclassified to profit or loss under equity method | 0.00 | 0.00 |
| 5.2.2 Gain/Loss on changes in fair value of available-for-sale financial assets | -38,943,481.00 | -21,301,621.00 |
| 5.2.3 Gain/Loss arising from reclassification of held-to-maturity investments to available-for-sale financial assets | 0.00 | 0.00 |
| 5.2.4 Effective gain/loss on cash flow hedges | 0.00 | 0.00 |
| 5.2.5 Differences arising from translation of foreign currency-denominated financial statements | 0.00 | 0.00 |
| 5.2.6 Other | 0.00 | 0.00 |
| 6. Total comprehensive income | 2,303,321,327.00 | 363,190,636.00 |
| 7. Earnings per share | ||
| 7.1 Basic earnings per share | 0.0673 | 0.0110 |
| 7.2 Diluted earnings per share | 0.0673 | 0.0110 |
7. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2018 | Q1~Q3 2017 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 60,772,530,957.00 | 68,660,537,726.00 |
| 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 |
| Net increase in proceeds from disposal of financial assets at fair value through profit or loss | 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 |
| Tax rebates | 6,005,730,169.00 | 6,141,348,934.00 |
| Cash generated from other operating activities | 4,515,605,387.00 | 1,189,087,137.00 |
| Subtotal of cash generated from operating activities | 71,293,866,513.00 | 75,990,973,797.00 |
| Payments for commodities and services | 38,238,359,784.00 | 43,814,203,995.00 |
| 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 |
| Interest, handling charges and commissions paid | 0.00 | 0.00 |
| Policy dividends paid | 0.00 | 0.00 |
| Cash paid to and for employees | 7,486,983,925.00 | 6,008,117,704.00 |
| Taxes paid | 2,335,162,753.00 | 3,219,791,480.00 |
| Cash used in other operating activities | 4,935,757,639.00 | 4,457,853,330.00 |
| Subtotal of cash used in operating activities | 52,996,264,101.00 | 57,499,966,509.00 |
| Net cash generated from/used in operating activities | 18,297,602,412.00 | 18,491,007,288.00 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | 56,395,382,400.00 | 16,678,325,660.00 |
| Investment income | 640,439,103.00 | 253,736,670.00 |
| Net proceeds from disposal of fixed assets, intangible assets and other long-lived assets | 24,665,452.00 | 58,162,797.00 |
| Net proceeds from disposal of subsidiaries or other business units | 0.00 | 0.00 |
| Cash generated from other investing activities | 3,417,013,120.00 | 2,713,352,560.00 |
| Subtotal of cash generated from investing activities | 60,477,500,075.00 | 19,703,577,687.00 |
| Payments for acquisition of fixed assets, intangible assets and other long-lived assets | 37,753,522,657.00 | 35,760,451,600.00 |
| Payments for investments | 54,265,549,688.00 | 30,495,761,172.00 |
| Net increase in pledged loans granted | 0.00 | 0.00 |
| Net payments for acquisition of subsidiaries and other business units | 0.00 | 8,399,081.00 |
| Cash used in other investing activities | 505,424,898.00 | 1,150,788,952.00 |
| Subtotal of cash used in investing activities | 92,524,497,243.00 | 67,415,400,805.00 |
| Net cash generated from/used in investing activities | -32,046,997,168.00 | -47,711,823,118.00 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 4,212,024,400.00 | 11,505,150,000.00 |
| Including: Capital contributions by non-controlling interests to subsidiaries | 4,212,024,400.00 | 11,505,150,000.00 |
| Increase in borrowings obtained | 28,080,875,769.00 | 32,033,861,904.00 |
| Net proceeds from issuance of bonds | 0.00 | 0.00 |
| Cash generated from other financing activities | 1,831,147,947.00 | 14,496,263.00 |
| Subtotal of cash generated from financing activities | 34,124,048,116.00 | 43,553,508,167.00 |
| Repayment of borrowings | 16,354,302,160.00 | 11,236,228,804.00 |
| Payments for interest and dividends | 5,874,569,087.00 | 4,307,704,845.00 |
| Including: Dividends paid by subsidiaries to non-controlling interests | 0.00 | 0.00 |
| Cash used in other financing activities | 213,480,875.00 | 951,631,501.00 |
| Subtotal of cash used in financing activities | 22,442,352,122.00 | 16,495,565,150.00 |
| Net cash generated from/used in financing activities | 11,681,695,994.00 | 27,057,943,017.00 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | 827,974,389.00 | -927,057,213.00 |
| 5. Net increase in cash and cash equivalents | -1,239,724,373.00 | -3,089,930,026.00 |
| Add: Cash and cash equivalents, beginning of the period | 47,913,287,583.00 | 49,354,810,388.00 |
| 6. Cash and cash equivalents, end of the period | 46,673,563,210.00 | 46,264,880,362.00 |
8. Cash Flow Statement of the Company as the Parent for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2018 | Q1~Q3 2017 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 3,396,625,349.00 | 879,853,858.00 |
| Tax rebates | 25,803,518.00 | 13,333,576.00 |
| Cash generated from other operating activities | 624,672,967.00 | 614,660,499.00 |
| Subtotal of cash generated from operating activities | 4,047,101,834.00 | 1,507,847,933.00 |
| Payments for commodities and services | 398,673,820.00 | 331,019,244.00 |
| Cash paid to and for employees | 699,458,250.00 | 539,284,451.00 |
| Taxes paid | 367,901,747.00 | 220,220,479.00 |
| Cash used in other operating activities | 234,107,331.00 | 2,862,076,874.00 |
| Subtotal of cash used in operating activities | 1,700,141,148.00 | 3,952,601,048.00 |
| Net cash generated from/used in operating activities | 2,346,960,686.00 | -2,444,753,115.00 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | 506,160,000.00 | 0.00 |
| Investment income | 785,144,132.00 | 1,605,616,700.00 |
| Net proceeds from disposal of fixed assets, intangible | 232,676.00 | 2,096.00 |
| assets and other long-lived assets | ||
| Net proceeds from disposal of subsidiaries or other business units | 0.00 | 0.00 |
| Cash generated from other investing activities | 3,516,832,697.00 | 1,114,275,822.00 |
| Subtotal of cash generated from investing activities | 4,808,369,505.00 | 2,719,894,618.00 |
| Payments for acquisition of fixed assets, intangible assets and other long-lived assets | 221,434,709.00 | 132,200,597.00 |
| Payments for investments | 18,757,457,360.00 | 17,159,624,980.00 |
| Net payments for acquisition of subsidiaries and other business units | 0.00 | 0.00 |
| Cash used in other investing activities | 200,000,400.00 | 700,921,165.00 |
| Subtotal of cash used in investing activities | 19,178,892,469.00 | 17,992,746,742.00 |
| Net cash generated from/used in investing activities | -14,370,522,964.00 | -15,272,852,124.00 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 0.00 | 0.00 |
| Increase in borrowings obtained | 10,367,000,000.00 | 15,833,000,000.00 |
| Net proceeds from issuance of bonds | 0.00 | 0.00 |
| Cash generated from other financing activities | 16,993,246,939.00 | 3,880,581.00 |
| Subtotal of cash generated from financing activities | 27,360,246,939.00 | 15,836,880,581.00 |
| Repayment of borrowings | 3,932,732,992.00 | 0.00 |
| Payments for interest and dividends | 2,255,848,689.00 | 1,566,799,827.00 |
| Cash used in other financing activities | 7,500,000,000.00 | 609,376,971.00 |
| Sub-total of cash used in financing activities | 13,688,581,681.00 | 2,176,176,798.00 |
| Net cash generated from/used in financing activities | 13,671,665,258.00 | 13,660,703,783.00 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | 98,891,103.00 | -7,909,075.00 |
| 5. Net increase in cash and cash equivalents | 1,746,994,083.00 | -4,064,810,531.00 |
| Add: Cash and cash equivalents, beginning of the period | 2,990,801,501.00 | 7,548,700,412.00 |
| 6. Cash and cash equivalents, end of the period | 4,737,795,584.00 | 3,483,889,881.00 |
II Independent Auditor’s Report
Indicate 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)：
Wang Dongsheng
Date of the Board’s approval of this Report: 26 October 2018