Bengang Steel Plates Co., Ltd.Third Quarter Report 2019
October 2019
I. Important Notice
The Board of Directors, the Supervisory Committee and the Directors, members ofthe Supervisory Committee and senior management of the Company guarantee thatthere are no misrepresentations or misleading statements, or material omission in thisreport, and individually and collectively accept full responsibility for the authenticity,accuracy andintegrity of the information contained in this report.
All the members of the Board of Directors attended the board meeting on which thisreport was examined.Gao Lie, Chairman of the Company, Shen Qiang, the principal in charge of theaccounting, and Zhao Zhonghua, Chief of Accounting Affairs, make the pledge forthe authenticity, accuracy and integrity of the attached financial statements.
II. Company ProfileI. Summary of Accounting data and Financial indexWhether the Company makes retroactive adjustment or restatement of the accounting data of the previous year
□ Yes √ No
At the end of the current
period
At the end of previous year
this reporting peri
| od over the |
previous yearTotal assets（RMB） 63,759,364,131.78
59,632,504,915.83
6.92%
Net assets attributable toshareholders of the listed company（RMB）
19,439,854,342.60
19,126,258,116.67
1.64%
This reporting period
Increase or decreaseover the same periodof the previous year
From the beginning ofthis year to the end ofthis reporting period
Increase or decrease over
the same period of the
previous yearOperating income（RMB） 14,441,830,940.38
8.48%
38,544,426,107.52
4.87%
Net profit attributable to theshareholders of the listed company（RMB）
34,229,631.12
-49.83%
487,439,246.88
-40.93%
Net profit after deducting ofnon-recurring gain/loss attributableto the shareholders of listedcompany（RMB）
26,305,669.24
-49.16%
479,515,285.00
-38.26%
Net Cash flow generated bybusiness operation（RMB）
--
--
8,225,117,860.64
18.63%
Basic earnings pershare(RMB/Share)
0.01
-50.00%
0.13
-38.10%
Diluted earnings pershare(RMB/Share)
0.01
-50.00%
0.13
-38.10%
Weighted average net assets yield 0.18%
-0.18%
2.53%
-2.44%
Items and amount of non-recurring profit and loss
√ Applicable □ Not applicable
Unit: YuanItems
From the beginning of the year tothe end of the current period
NotesProfit or loss from disposal of non-current assets(including the write-off part for which assetsimpairment provision is made)
-55,191,533.14
Details of government subsidies recorded into currentprofits and loss（except such government subsidyclosely related to the company’s normal businessoperation, meeting the regulation of national policy andenjoyed constantly in certain quota or quantityaccording to a certain standard）
62,516,500.00
Profit or loss from debt restructuring 50,640.00
Other non-
| operating revenue and expenditure other than |
above items
762,123.88
Less: Impact of income tax 203,190.97
Impact of minority interests (after tax) 10,577.89
Total 7,923,961.88
--For the Company’s non-recurring profit and loss items as defined in “the Explanatory Announcement No.1 on informationdisclosure for Companies Offering their Securities to the Public-Non-recurring Profits and Losses” and its non-recurring profitand loss items as illustrated in “the Explanatory Announcement No.1 on information disclosure for Companies Offering theirSecurities to the Public-Non-recurring Profits and Losses” which have been defined as recurring profits and losses, it is necessaryto explain the reason.
□ Applicable √ Not applicable
None of Non-recurring profit and loss items recognized as recurring profit and loss items as defined by “the ExplanatoryAnnouncement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Profits andLosses” in the report period.II. Total Number of Shareholders and Shareholding of top 10 shareholders
1. Total number of common shareholders, preferred shareholders whose voting rights
restored, and shareholding of top 10 shareholders
Unit: ShareTotal number of commonshareholders at the end of thereporting period
53,728
The total number of preferredshareholders whose voting rights hasbeen restored at end of the reportingperiod（if any）
Shareholding by Top 10 shareholdersName of the Nature of Proportion of
Amount ofNumber of share pledged/frozen
shareholder shareholder
shares held sharesrestricted shares
held
State of share Quantity
| Benxi Steel & Iron |
(Group) Co., Ltd.
State-owned legalperson
61.44%
2,381,105,094
Pledged 732,115,333
Frozen 45,000,000
LiaoningProvincialTransportationInvestment GroupCo., Ltd.
State-owned legalperson
4.77%
184,842,883
CCB PrincipalAssetManagement –ICBC – CR Trust– CR Trust · XingSheng No. 5Collective FundTrust Plan
Others
4.77%
184,842,883
Bei Xin Rui FengFund – ChinaMerchants Bank –Bei Xin Rui FengFund Feng QingNo. 229 AssetManagement Plan
Others
4.77%
184,842,883
China Life AMPFund– ICBC –China Life AMP –
Hua Xin TrustTargetedAdditional SharesIssuance No. 10AssetManagement Plan
Others 4.77%
184,842,883
Liang Zhongqing
Domesticnaturalperson
0.71%
27,623,365
Liu Qiuying
Domesticnaturalperson
0.34%
13,274,400
VANGUARDEMERGING
Overseaslegal person
0.21%
8,157,311
MARKETSSTOCK INDEXFUNDChen Jinhong
Domesticnaturalperson
0.18%
6,876,375
Yi Honglu
Domesticnaturalperson
0.17%
6,426,080
Shareholding of top 10 shareholders of unrestricted sharesName of the shareholder
Number of non-restricted common shares held at the
period-end
Category of sharesCategory of shares Quantity
Co., Ltd.
2,381,105,094
| Benxi Steel & Iron (Group) |
Common shares inRMB
2,381,105,094
| Liaoning Provincial Transportation Investment |
Group Co., Ltd.
184,842,883
Common shares inRMB
184,842,883
| CCB Principal Asset |
Management – ICBC –
Trust –
| CR Trust · Xing Sheng No. 5 Collective Fund Trust |
Plan
184,842,883
Common shares inRMB
184,842,883
Bei Xin Rui Feng Fund –
Merchants Bank –
| Bei Xin Rui |
Feng Fund Feng Qing No. 229
Asset Management Plan
184,842,883
Common shares inRMB
184,842,883
China Life AMP Fund– ICBC –
China Life AMP –
Management Plan
184,842,883
| Hua Xin Trust Targeted Additional Shares Issuance No. 10 Asset |
Common shares inRMB
184,842,883
Liang Zhongqing 27,623,365
Common shares inRMB
27,623,365
Liu Qiuying 13,274,400
Common shares inRMB
13,274,400
| VANGUARD EMERGING MARKETS STOCK INDEX |
FUND
8,157,311
Foreign sharesplaced in domesticexchange
8,157,311
Chen Jinhong 6,876,375
Common shares inRMB
6,876,375
Yi Honglu 6,426,080
Common shares inRMB
6,426,080
Related-parties oracting-in-concert parties amongthe above-mentionedshareholders
It is unknown to the Company whether there is any related parties or action-in-concert parties asdefined in “Measures for the Administration of the Takeover of Listed Companies”among theabove-mentioned shareholders.
Shareholders among the top 10participating in securitiesmargin trading (if any)
Benxi Steel & Iron (Group) Co., Ltd. holds 2,142,105,094 shares of the company through anordinary securities account, and holds 239,000,000 shares through the investor's credit securitiesaccount, therefore, it holds a total of 2,381,105,094 shares. Liang Zhongqing holds 500 shares ofthe company through general securities account and 27,622,865 shares of the company throughan investor's credit securities account. Yi Honglu holds 6,426,080 shares of the company throughan investor's credit securities account.
Whether top 10 common shareholders and top 10 un-restricted common shareholders have a buy-backagreement dealing in reporting period
□ Yes √ No
Top 10 common shareholders and top 10 un-restricted common shareholders had no buy-backagreement dealing in reporting period.
2. Total Number of Preferred Shareholders and Shareholding of Top 10 Preferred
Shareholders
□ Applicable √ Not applicable
III. Important EventsI. Major Changes in Financial Data and Financial Index and Reasons
√ Applicable □ Not applicable
? Items and reasons for the changes of more than 30% compared with the beginning of the year in the
consolidated statement
1. Statement of Financial Position
Decrease
Reasons
Construction in progress 113%
| Increase / | |
| Due to the increase of construction in |
progress that did not meet the conditions oftransferring to fixed assets at the end of the
Accounts payables 50%
| period |
| Due to the increase of accounts payables in |
the current periodTax payable -89%
Due to the decrease of VAT payable at the
Non-current liabilities due withinone year
552%
| end of this period |
| Due to the conversion of long-term |
borrowings into non-current liabilities due
within one yearLong-term payables 446%
Due to the increase in equipment leased at
the end of the period.Special reserves 2913%
? Items and reasons for the changes of more than 30% compared to January to September 2018 in the
consolidated financial statements
2. Statement of comprehensive income
Increase /Decrease
Reasons
Research and developmentexpenses
606%
Due to the
Due to the decrease of payment of safetyproduction fee
increase of research and
development expenses in current period
| increase of research and | ||
| Financial expenses | -69% | Due to the decrease of exchange loss |
Investment income -99%
Asset disposal gains 170%
| Due to the decrease in financial products purchased during the period. |
| Due to the increase of disposal income on fixed assets |
Non-operating income 323%
fixed assets scrappingNon-operating expenses 3164%
| Due to the increase of gains arose from |
| Due to the increase of losses arose from fixed assets scrapping |
| Income tax expenses | 84% | Due to the increase of deferred income tax |
| Profit or loss of non-controlling |
shareholders
-114%
subsidiaries
3. Statement of cash flows
Increase /Decrease
ReasonsOther cash received relating tooperating activities
115%
Due to the decrease of profit of holdingDue to the increase of other cash received
relating to operating activitiesCash paid for all types of taxes 47%
Due to the increase of taxes paid
| Due to the increase of other cash received |
| during the |
current periodCash paid for acquisition of fixedassets, intangible assets and otherlong-term assets
297%
Due to the increase in cash paid for the purchase
equipment during the period.Cash received from borrowings -65%
Due to the decrease
| of the Group's 2300 and 1780 rolling mill |
| of reception of |
borrowingsCash repayments of borrowings -77%
II. Progress and influence of significant events, as well as the analysis andexplanation on solutions
√ Applicable □ Not applicable
On May 22, 2019, the second meeting of the eighth board of directors of the company and the secondextraordinary shareholders meeting of the company in 2019 on June 10, 2019 reviewed and approvedthe relevant proposals on the company's public offering of A-share convertible corporate bonds. TheChina Securities Regulatory Commission (hereinafter referred to as the “China Securities RegulatoryCommission”) accepted the application materials for the public offering of A-share convertiblecorporate bonds on August 7, 2019, and received the Notice issued by the China Securities RegulatoryCommission on September 18, 2019. The “Notice of Feedback of the China Securities RegulatoryCommission's Administrative Licensing Project Review” (No. 192096), the company and relevantintermediaries carried out serious verification and implementation work for the feedback, and inaccordance with the requirements of the feedback, the information was supplemented and The questionwas answered and the relevant reply was disclosed on October 15, 2019. The company's issue ofconvertible corporate bonds is still subject to the approval of the China Securities RegulatoryCommission. There is uncertainty as to whether it can be approved. Investors are advised to payattention to investment risks.
Overview of important matters Date of disclosure
Interim report disclosurewebsite query index
The company signed the "AssetTransfer Agreement" with Benxi Steel(Group) Co., Ltd. and Benxi BeiyingIron and Steel (Group) Co., Ltd., and
assets related to 2300mm hot rollingmill production line held by BenxiIron and Steel Co., Ltd. and theequipment and equipment assetsrelated to the 1780mm hot rolling millproduction line held by Benxi BeiyingCompany. T
| he company completed the |
purchase of the target assets onSeptember 3, 2019.
August 15, 2019
www.cninfo.com.cnAnnouncement No.: 2019-051
September 03, 2019
www.cninfo.com.cn
Announcement No.: 2019-058
Progress in the implementation of share repurchase
□ Applicable √ Not Applicable
Progress in the implementation of the reduction of shareholding shares by centralized competitivebidding
□ Applicable √ Not Applicable
III. The Under-Fulfillment Commitments by the End of the Period Made by
Actual Controller, Acquirer, Director, Supervisor, Senior ManagementPersonnel and other Related Parties.
√ Applicable □ Not applicable
Commitment reasons
Commitmentparty
Type ofcommitment
Contents
Commitment
time
Commitment
period
Performance
Commitment to sharereform
Commitment made inthe
the equity changereport
Commitment madeduring assetrestructuring
Commitment madeduring initial publicoffering or refinancing
Companydirectors,seniormanagement
Othercommitments
According tothe relevantprovisions ofthe ChinaSecuritiesRegulatoryCommission,the following
January 26,2016
December 9,2019
Under normalfulfillment
commitmentscan be madeto thecompany’sefforts to fillthe rewards:
During thetenure,faithfully anddiligently
the legitimaterights and
| interests of the |
company andallshareholders,including butnot limited to:
1.Commitmentnot to transferbenefits toother units orindividualswithoutcompensationor unfairconditions,and not todamage thecompany’sinterests inother ways; 2.Commitmentto constrainthe behaviorof jobconsumption;3.Commitmentto not usecompany
assets toengage ininvestmentandconsumptionactivitiesunrelated totheperformanceof their duties;
4.Commitmentto thecompensationsystemestablished bythe board ofdirectors ortheRemunerationand AppraisalCommittee islinked to theimplementation of thecompany'smeasures tocover thereturn; 5. Ifthe companylaunches anequityincentive planin the future,the terms of
| the exercise of |
the equityincentive planare linked totheimplementation of thecompany'smeasures to
fill therewards.Equity incentivecommitment
Other commitments tothe company's minorityshareholders
Commitment to fulfillon time
Yes
IV. Investment in Securities
□ Applicable √ Not applicable
There are no securities investments in the reporting period.V. Entrusted Financial Management
□ Applicable √ Not applicable
There is no entrusted financial management in the reporting period.VI. Investment in Derivatives
□ Applicable √ Not applicable
There is no investment in derivatives in the reporting period.VII. Registration form of Activities such as Research, Communication,Interview in this Reporting Period
□ Applicable √ Not applicable
There is no researches, visits and interviews received in the reporting period.
VIII. Violation of Regulations in Provision of External Guaranty
□ Applicable √ Not applicable
There is no violation of regulations in provision of external guaranty during the reporting period.IX. Illustrations of Non-Operating Occupation of Funds by the ControllingShareholder and Related Parties
□ Applicable √ Not applicable
There is no non-operating occupation of funds by the controlling shareholder and related parties.
IV. Financial Report
I. Financial Statements
1. CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Prepared by: Bengang Steel Plates Co., Ltd.
Unit: YuanItems Sep 30
th
, 2019 Dec 31
st
, 2018Current assets:
Cash at bank and on hand19,984,210,581.72
16,567,471,755.77
Settlement provisions
Capital lent
Financial assets held for trading
Financial assets at fair value throughprofit or loss
Derivative financial assets
Notes receivable2,647,287,059.10
3,580,145,843.38
Accounts receivable592,287,178.61
639,482,481.45
Receivables financing
Prepayments1,284,152,966.11
1,321,537,514.78
Premium receivable
Reinsurance accounts receivable
Receivable deposit for reinsurancecontract
Other receivables:
208,492,688.07
202,763,964.98
Including: Interest receivables12,642,974.12
11,608,705.43
Dividend receivables
Redemptory financial assets for sale
Inventories9,648,655,795.97
10,677,747,112.40
Contract assets
Assets classified as held for sale
Non-current assets due within one year
Other current assets330,615,190.73
292,119,771.13
Total current assets34,695,701,460.31
33,281,268,443.89
Non-current assets:
Loan and advances issued
Debt investments
Available-for-sale financial assets
1,041,824,829.00
Other debt investments
Held-to-maturity investments
Long-term receivables
Long-term equity investments2,481,589.04
2,455,681.55
Other equity instrument investments1,041,824,829.00
Other non-current financial assets
Investment properties
Fixed assets25,722,058,707.79
23,924,504,539.97
Construction in progress1,785,959,831.48
836,594,457.82
Productive biological assets
Oil and gas assets
Right of use assets
Intangible assets273,141,866.04
278,062,441.04
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets174,168,423.31
191,452,547.21
Other non-current assets64,027,424.81
76,341,975.35
Total non-current assets29,063,662,671.47
26,351,236,471.94
Total assets63,759,364,131.78
59,632,504,915.83
Current Liabilities:
Short-term loans12,535,851,000.00
11,938,490,375.85
Loan from central bank
Absorbed deposit and interbank deposit
Financial liabilities held for trading
Financial liabilities at fair
profit or loss
| value through |
Derivative financial liabilities
Notes payable10,721,947,779.82
10,013,192,014.02
Accounts payable8,297,245,042.10
5,522,042,811.65
Advance from customers3,716,963,704.35
3,331,854,098.42
Contract Liabilities
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Employee benefits payable50,531,098.73
51,466,231.72
Current tax liabilities55,344,641.91
515,752,369.68
Other payables850,901,676.15
862,511,178.96
Including: Interest payables8,014,283.24
9,658,681.99
Dividend payables
Handling charges and commissionpayable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within oneyear
2,288,751,448.16
350,965,576.32
Other current liabilities
Total current liabilities38,517,536,391.22
32,586,274,656.62
Non-current liabilities:
Provision for insurance contract
Long-term loans4,972,547,175.82
7,083,640,094.16
Bonds payable
Including: Preferred stock
Perpetual bond
Lease liabilities
Long-term payables74,746,302.05
13,686,705.92
Long-term employee benefits payables
Estimated liabilities
Deferred income230,018,022.97
289,499,002.97
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities5,277,311,500.84
7,386,825,803.05
Total liabilities43,794,847,892.06
39,973,100,459.67
Shareholders’ equity:
Share capital3,875,371,532.00
3,875,371,532.00
Other equity instruments
Including: Preferred stock
Perpetual bond
Capital reserves12,343,209,847.29
12,343,209,847.29
Less: treasury shares
Other comprehensive income
Special reserves20,609,493.36
683,937.71
Surplus reserves961,105,529.85
961,105,529.85
General risk reserves
Undistributed profits2,239,557,940.10
1,945,887,269.82
Total equity attributable to equity holders ofthe parent company
19,439,854,342.60
19,126,258,116.67
Non-controlling interests524,661,897.12
533,146,339.49
Total shareholder’s equity19,964,516,239.72
19,659,404,456.16
Total liabilities and shareholder’s equity63,759,364,131.78
59,632,504,915.83
Legal Representative: Gao Lie Person in charge of accounting: Shen Qiang Accounting Dept. Leader: Zhao Zhonghua
2. STATEMENT OF FINANCIAL POSITION OF THE PARENT COMPANY
Unit: YuanItems Sep 30
th
, 2019 Dec 31
st
, 2018Current assets:
Cash at bank and on hand18,280,266,796.50
15,536,305,375.00
Financial assets held for trading
Financial assets at fair value throughprofit or loss
Derivative financial assets
Notes receivable2,570,575,588.41
3,356,020,598.89
Accounts receivable377,395,508.27
409,553,059.27
Receivables financing
Prepayments1,262,333,417.87
1,309,194,738.97
Other receivables221,109,216.42
235,037,391.46
Including: Interest receivables11,054,927.27
9,815,280.04
Dividend receivables
Inventories8,187,028,960.76
8,681,362,081.72
Contract assets
Assets classified as held for sale
Non-current assets due within one year
Other current assets265,082,350.56
193,989,096.20
Total current assets31,163,791,838.79
29,721,462,341.51
Non-current assets:
Debt investments
Available-for-sale financial assets
1,041,624,829.00
Other debt investments
Held-to-maturity investment
Long-term receivables
Long-term equity investments2,016,281,902.16
2,016,281,902.16
Other equity instrument investments1,041,624,829.00
Other non-current financial assets
Investment properties
Fixed assets24,088,077,920.91
22,035,187,328.57
Construction in progress1,770,671,281.92
825,553,510.15
Productive biological assets
Oil and gas assets
Right of use assets
Intangible assets146,296,575.00
148,776,177.96
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets80,389,854.83
96,220,003.00
Other non-current assets64,027,424.81
76,341,975.35
Total non-current assets29,207,369,788.63
26,239,985,726.19
Total assets60,371,161,627.42
55,961,448,067.70
Current Liabilities:
Short-term loans11,235,851,000.00
10,624,270,375.85
Financial assets held for trading
profit or loss
| Financial liabilities at fair value through |
Derivative financial liabilities
Notes payable8,554,883,676.61
9,213,748,427.22
Accounts payable10,401,360,265.58
5,940,816,426.48
Advance from customers3,570,678,789.25
3,189,143,565.45
Contract liabilities
Employee benefits payable50,140,067.57
49,378,095.47
Current tax liabilities5,563,337.07
507,003,883.57
Other payables522,902,727.37
538,051,513.13
Including: Interest payables6,247,124.51
7,341,833.33
Dividend payables
Liabilities held for sale
Non-current liabilities due within oneyear
2,288,751,448.16
350,965,576.32
Other current liabilities
Total current liabilities36,630,131,311.61
30,413,377,863.49
Non-current liabilities:
Long-term loans4,972,547,175.82
7,083,640,094.16
Bonds payable
Including: Preferred stock
Perpetual bond
Lease liabilities
Long-term payables74,746,302.05
13,686,705.92
Long-term employee benefits payable
Estimated liabilities
Deferred incomes230,018,022.97
289,499,002.97
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities5,277,311,500.84
7,386,825,803.05
Total liabilities41,907,442,812.45
37,800,203,666.54
Shareholders’ equity:
Share capital3,875,371,532.00
3,875,371,532.00
Other equity instruments
Including: Preferred stock
Perpetual bond
Capital reserves11,923,058,165.17
11,923,058,165.17
Less: treasury shares
Other comprehensive income
Special reserves16,323,073.17
525,218.48
Surplus reserves961,105,529.85
961,105,529.85
Undistributed profits1,687,860,514.78
1,401,183,955.66
Total shareholder’s equity18,463,718,814.97
18,161,244,401.16
Total liabilities and shareholder’s equity60,371,161,627.42
55,961,448,067.70
3. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME OF THE
CURRENT REPORTING PERIOD
Unit: YuanItems The Current Period The Previous Period
1. Total operating income
14,441,830,940.38
13,313,390,671.44
Including: Operating income14,441,830,940.38
13,313,390,671.44
Interest income
Premium earned
Income from handling chargesand commission
2. Total operating cost
14,421,363,860.63
13,269,371,473.96
Including: Operating cost13,739,273,641.14
11,807,011,528.70
Interest cost
Expenditure for handling chargesand commission
Surrender value
Net expenditure for compensation
Net provision for insurancecontract appropriated
Bonus payment for policy
Reinsurance premium
Taxes and surcharges60,775,436.14
65,070,725.45
Selling and distribution expenses257,155,173.90
277,192,418.87
General and administrativeexpenses
219,140,981.53
194,084,503.86
Research and developmentexpenses
7,306,019.67
744,560.38
Financial expenses137,712,608.25
925,267,736.70
Including: interest expenses136,052,012.01
341,799,842.63
Interest incomes89,695,933.07
47,196,277.02
Add: Other incomes20,821,500.00
22,139,558.33
Income on investment ("-" for loss)
Including: Income from associates andjoint ventures
Income from derecognitionof financial assets measured at amortised cost("-" for loss)
Exchange Income ("-" for loss)
Hedging income from net exposure (“-"for loss)
Gains from the change in fair value (“-"for loss)
Expected credit losses (“-" for loss)2,093,121.45
Asset impairment losses (“-" for loss)
6,821,520.16
Assets disposal gains（“-” for loss）579,216.73
284,086.70
3. Operating profit ("-" for loss)
43,960,917.93
73,264,362.67
Add: Non-operating income1,506,324.18
160,456.93
Less: Non-operating expenses6,120,953.63
581,084.33
4. Total profit ("-" for loss)
39,346,288.48
72,843,735.27
Less: Income tax expenses4,904,499.90
5,182,120.12
5. Net Profit ("-" for loss)
34,441,788.58
67,661,615.15
(1) Classification by continuing
operating
1 Net profit from continuing
operation
34,441,788.58
67,661,615.15
2 Net profit from discontinued
operation
(2) Classification by ownership
1 Net profit attributable to theowners of parent company
34,229,631.12
68,230,224.01
2 Net profit attributable tonon-controlling shareholders
212,157.46
-568,608.86
6. Other comprehensive income after tax
Other comprehensive income attributable toowners of parent company after tax
1) Other comprehensive income items
that will not be reclassified into gains/losses
(1) . Re-measurement of defined
benefit plans of changes in net debt or netassets
(2) .
under the equity method cannot be reclassifiedinto profit or loss
| Other comprehensive income |
(3). Changes of fair value of other
equity instrument investments
(4). Changes in the fair value of
the company's own credit risk
(5). Others
2) Other comprehensive income that will
be reclassified into profit or loss
(1) . Other
under the equity method can be reclassifiedinto profit or loss
| comprehensive income |
(2). Gains and losses from fair
value changes of other debt investments
(3). Gains and losses from fair
value changes of available-for-sale financialassets
(4). Gains and losses resulting
from reclassification of financial assetsrecognised in other comprehensive income
(5). Gains and losses from
reclassification of held-to-maturityinvestments to available-for-sale investments
(6). Credit impairment losses of
other debt investments
(7). Effective portion of gains or
losses from cash flow hedging
(8). Translation differences in
foreign currency financial statements
(9). Others
Other comprehensive income attributable tonon-controlling shareholders after tax
7. Total comprehensive income
34,441,788.58
67,661,615.15
Total comprehensive income attributableto owners of parent company
34,229,631.12
68,230,224.01
Total comprehensive income attributableto non-controlling shareholders
212,157.46
-568,608.86
8. Earnings per share:
1) Basic earnings per share
0.01
0.02
2) Diluted earnings per share
0.01
0.02
The current business combination under common control, the net profits of the combined party before achieved: Yuan, net profitof previous period of the combined party realized: Yuan.Legal Representative: Gao Lie Person in charge of accounting: Shen Qiang Accounting Dept. Leader: Zhao Zhonghua
4. STATEMENT OF COMPREHENSIVE INCOME OF THE PARENT COMPANY OF
THE CURRENT REPORTING PERIOD
Unit: YuanItems The Current Period The Previous Period
1. Total operating income
14,566,987,831.66
12,985,694,384.88
Less: Operating cost14,024,765,556.43
11,617,944,541.11
Taxes and surcharges49,468,259.31
57,126,440.52
Selling and distribution expenses147,799,392.26
175,224,699.33
General and administrative expenses205,034,439.76
181,799,889.96
Research and development expenses7,306,019.67
744,560.38
Financial expenses127,265,933.34
912,638,828.57
Including: interest expenses120,934,881.27
326,523,217.57
Interest incomes84,996,191.09
45,650,825.86
Add: Other incomes20,821,500.00
22,139,558.33
Income on investment ("-" for loss)27,594,915.42
3,493,150.68
Including: Income from associates andjoint ventures
Income from derecognition
of financial assets measured at amortised cost("-" for loss)
Hedging income from net exposure (“-"for loss)
Gains from the change in fair value (“-"for loss)
Expected credit losses (“-" for loss)1,245,121.45
Asset impairment losses (“-" for loss)
6,821,520.16
Assets disposal gains（“-” for loss）579,216.73
284,086.70
2. Operating profit ("-" for loss)
55,588,984.49
69,460,590.20
Add: Non-operating income1,141,958.73
125,720.44
Less: Non-operating expenses6,116,261.39
575,548.65
3. Total profit ("-" for loss)
50,614,681.83
69,010,761.99
Less: Income tax expenses521,085.42
1,705,380.04
4. Net Profit ("-" for loss)
50,093,596.41
67,305,381.95
(1) Net profit from continuing operation
("-" for loss)
50,093,596.41
67,305,381.95
(2) Net profit from discontinued operation
("-" for loss)
5. Other comprehensive income after tax
1) Other comprehensive income items
that will not be reclassified into gains/losses
(1) . Re-measurement of defined
benefit plans of changes in net debt or netassets
(2) . Other
under the equity method cannot be reclassifiedinto profit or loss
| comprehensive income |
(3). Changes of fair value of other
equity instrument investments
(4). Changes in the fair value of
the company's own credit risk
(5). Others
2) Other comprehensive income that will
be reclassified into profit or loss
(1) .
under the equity method can be reclassifiedinto profit or loss
| Other comprehensive income |
(2). Gains and losses from fair
value changes of other debt investments
(3). Gains and losses from fair
value changes of available-for-sale financialassets
(4). Gains and losses resulting
from reclassification of financial assets
recognised in other comprehensive income
(5). Gains and losses from
reclassification of held-to-maturityinvestments to available-for-sale investments
(6). Credit impairment losses of
other debt investments
(7). Effective portion of gains or
losses from cash flow hedging
(8). Translation differences in
foreign currency financial statements
(9). Others
6. Total comprehensive income
50,093,596.41
67,305,381.95
7. Earnings per share:
1) Basic earnings per share
2) Diluted earnings per share
5. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FROM THE
BEGINNING OF THE YEAR TO THE END OF THE CURRENT REPORTINGPERIOD
Unit: YuanItems The Current Period The Previous Period
1. Total operating income
38,544,426,107.52
36,754,638,048.58
Including: Operating income38,544,426,107.52
36,754,638,048.58
Interest income
Premium earned
Income from handling chargesand commission
2. Total operating cost
38,043,189,142.86
36,008,275,762.90
Including: Operating cost35,806,886,370.79
32,611,218,949.68
Interest cost
Expenditure for handling chargesand commission
Surrender value
Net expenditure for compensation
Net provision for insurancecontract appropriated
Bonus payment for policy
Reinsurance premium
Taxes and surcharges174,900,799.11
218,378,101.09
Selling and distribution expenses831,600,373.04
791,230,427.82
General and administrativeexpenses
665,908,793.30
655,926,928.42
Research and developmentexpenses
22,714,491.95
3,215,201.91
Financial expenses541,178,314.67
1,728,306,153.98
Including: interest expenses722,542,274.70
916,801,457.83
Interest incomes216,779,712.65
108,801,680.36
Add: Other incomes62,516,500.00
63,413,797.03
Income on investment ("-" for loss)25,907.49
3,493,150.68
Including: Income from associates andjoint ventures
Income from derecognition
of financial assets measured at amortised cost("-" for loss)
Exchange Income ("-" for loss)
Hedging income from net exposure (“-"for loss)
Gains from the change in fair value (“-"for loss)
Expected credit losses (“-" for loss)5,844,635.28
Asset impairment losses (“-" for loss)
27,739,483.80
Assets disposal gains（“-” for loss）2,997,921.07
1,109,667.33
6. Operating profit ("-" for loss)
572,621,928.50
842,118,384.52
Add: Non-operating income9,716,506.42
2,298,854.73
Less: Non-operating expenses64,095,275.68
1,963,486.59
7. Total profit ("-" for loss)
518,243,159.24
842,453,752.66
Less: Income tax expenses30,866,681.63
16,818,346.16
8. Net Profit ("-" for loss)
487,376,477.61
825,635,406.50
(3) Classification by continuing
operating
1 Net profit from continuing
operation
487,376,477.61
825,635,406.50
2 Net profit from discontinued
operation
(4) Classification by ownership
1 Net profit attributable to theowners of parent company
487,439,246.88
825,182,211.60
2 Net profit attributable tonon-controlling shareholders
-62,769.27
453,194.90
6. Other comprehensive income after tax
Other comprehensive income attributable toowners of parent company after tax
1) Other comprehensive income items
that will not be reclassified into gains/losses
(1) . Re-measurement of defined
benefit plans of changes in net debt or netassets
(2) .
under the equity method cannot be reclassifiedinto profit or loss
| Other comprehensive income |
(3). Changes of fair value of other
equity instrument investments
(4). Changes in the fair value of
the company's own credit risk
(5). Others
2) Other comprehensive income that will
be reclassified into profit or loss
(1) . Other
under the equity method can be reclassifiedinto profit or loss
| comprehensive income |
(2). Gains and losses from fair
value changes of other debt investments
(3). Gains and losses from fair
value changes of available-for-sale financialassets
(4). Gains and losses resulting
from reclassification of financial assetsrecognised in other comprehensive income
(5). Gains and losses from
reclassification of held-to-maturityinvestments to available-for-sale investments
(6). Credit impairment losses of
other debt investments
(7). Effective portion of gains or
losses from cash flow hedging
(8). Translation differences in
foreign currency financial statements
(9). Others
Other comprehensive income attributable tonon-controlling shareholders after tax
7. Total comprehensive income
487,376,477.61
825,635,406.50
Total comprehensive income attributableto owners of parent company
487,439,246.88
825,182,211.60
Total comprehensive income attributableto non-controlling shareholders
-62,769.27
453,194.90
8. Earnings per share:
1) Basic earnings per share
0.13
0.21
2) Diluted earnings per share
0.13
0.21
The current business combination under common control, the net profits of the combined party before achieved: Yuan, net profitof previous period of the combined party realized: Yuan.Legal Representative: Gao Lie Person in charge of accounting: Shen Qiang Accounting Dept. Leader: Zhao Zhonghua
6. STATEMENT OF COMPREHENSIVE INCOME OF THE PARENT COMPANY
FROM THE BEGINNING OF THE YEAR TO THE END OF THE CURRENTREPORTING PERIOD
Unit: YuanItems The Current Period The Previous Period
1. Total operating income
38,014,203,689.59
36,668,559,494.02
Less: Operating cost35,782,055,553.61
33,019,136,503.31
Taxes and surcharges133,935,663.72
192,669,833.48
Selling and distribution expenses482,893,940.32
440,779,566.79
General and administrative expenses624,372,438.11
619,992,907.29
Research and development expenses22,714,491.95
3,215,201.91
Financial expenses515,337,847.93
1,687,162,319.17
Including: interest expenses679,030,224.93
870,205,608.54
Interest incomes199,185,818.03
103,955,252.77
Add: Other incomes62,516,500.00
63,413,797.03
Income on investment ("-" for loss)27,594,915.42
3,493,150.68
Including: Income from associates andjoint ventures
Income from derecognitionof financial assets measured at amortised cost("-" for loss)
Hedging income from net exposure (“-"for loss)
Gains from the change in fair value (“-"for loss)
Expected credit losses (“-" for loss)4,996,635.28
Asset impairment losses (“-" for loss)
27,739,483.80
Assets disposal gains（“-” for loss）3,044,923.32
1,109,667.33
2. Operating profit ("-" for loss)
551,046,727.97
801,359,260.91
Add: Non-operating income9,279,999.48
1,840,469.10
Less: Non-operating expenses64,051,443.56
1,957,950.91
3. Total profit ("-" for loss)
496,275,283.89
801,241,779.10
Less: Income tax expenses15,830,148.17
7,384,717.21
4. Net Profit ("-" for loss)
480,445,135.72
793,857,061.89
(1) Net profit from continuing operation
("-" for loss)
480,445,135.72
793,857,061.89
(2) Net profit from discontinued operation
("-" for loss)
5. Other comprehensive income after tax
1) Other comprehensive income items
that will not be reclassified into gains/losses
(1) . Re-measurement of defined
benefit plans of changes in net debt or netassets
(2) . Other
under the equity method cannot be reclassifiedinto profit or loss
| comprehensive income |
(3). Changes of fair value of other
equity instrument investments
(4). Changes in the fair value of
the company's own credit risk
(5). Others
2) Other comprehensive income that will
be reclassified into profit or loss
(1) .
under the equity method can be reclassifiedinto profit or loss
| Other comprehensive income |
(2). Gains and losses from fair
value changes of other debt investments
(3). Gains and losses from fair
value changes of available-for-sale financialassets
(4). Gains and losses resulting
from reclassification of financial assetsrecognised in other comprehensive income
(5). Gains and losses from
reclassification of held-to-maturityinvestments to available-for-sale investments
(6). Credit impairment losses of
other debt investments
(7). Effective portion of gains or
losses from cash flow hedging
(8). Translation differences in
foreign currency financial statements
(9). Others
6. Total comprehensive income
480,445,135.72
793,857,061.89
7. Earnings per share:
1) Basic earnings per share
2) Diluted earnings per share
7. CONSOLIDATED STATEMENT OF CASH FLOWS FROM THE BEGINNING OF
THE YEAR TO THE END OF THE CURRENT PERIOD
Unit: YuanItems The Current Period The Previous Period
1. Cash flow from operating activities:
Cash received from sale of goods orrendering of services
26,790,594,559.41
26,188,229,365.29
Net increase of customers’ deposit andinterbank deposit
Net increase of loan from central bank
Net increase of loans from other
financial institutionsCash received for premium of originalinsurance contract
Net cash received for reinsurancebusiness
Net increase of deposit and investmentof the insured
Net increase of Financial assets at fairvalue through profit or loss
Cash from receiving interest, handlingcharge and commission
Net increase of loans from otherfinancial institutions
Net increase of fund for buy-backbusiness
Tax rebate received330,537,134.71
284,799,886.80
Other cash received relating tooperating activities
179,458,663.12
83,617,244.68
Subtotal of cash inflow received fromoperation activities
27,300,590,357.24
26,556,646,496.77
Cash paid for goods and services16,361,584,571.18
17,207,337,978.80
Net increase of customer’s loan andadvances
Net increase of deposit in central bankand interbank deposit
Cash for payment of compensation fororiginal insurance contract
Cash for payment of interest, handlingcharge and commission
Cash for payment of policy bonus
Cash paid to and on behalf ofemployees
1,450,655,474.24
1,438,947,941.23
Cash paid for all types of taxes911,658,861.03
618,124,974.18
Other cash paid relating to operatingactivities
351,573,590.15
358,768,202.58
Subtotal of cash outflow from operationactivities
19,075,472,496.60
19,623,179,096.79
Net cash flows generated from operating8,225,117,860.64
6,933,467,399.98
activities
2. Cash flows from investing activities:
Cash received from return oninvestments
500,000,000.00
Cash received from distribution ofdividends or profit
3,493,150.68
Net cash received from disposal offixed assets, intangible assets and otherlong-term assets
Net cash received from disposal ofsubsidiary and other operating units
Other cash paid relating to investingactivities
Subtotal of cash inflows received frominvesting activities
503,493,150.68
Cash paid for acquisition of fixedassets, intangible assets and other long-termassets
5,012,911,837.02
1,261,912,086.54
Cash paid for acquisition of investments
Net increase of mortgage loan
Net cash received from subsidiary andother operating unit
Other cash paid relating to investingactivities
Subtotal of cash outflows from investingactivities
5,012,911,837.02
1,261,912,086.54
The net cash flow generated by investmentactivities
-5,012,911,837.02
-758,418,935.86
3. Cash flows from financing activities:
Proceeds from investment
3,965,799,988.19
Including: Proceeds from investment ofnon-controlling shareholders of subsidiary
Proceeds from borrowings7,482,429,000.00
21,592,058,293.24
Other proceeds relating to financingactivities
Subtotal cash
activities
7,482,429,000.00
| inflow received from financing |
25,557,858,281.43
Cash repayments of borrowings6,938,475,606.71
29,751,998,311.55
Cash payments for distribution ofdividends, profit or interest expenses
1,194,142,072.60
1,220,039,424.07
Including: Cash paid to non-controllingshareholders as dividend and profit bysubsidiaries
Other cash payments relating tofinancing activities
Subtotal of cash outflows from financingactivities
8,132,617,679.31
30,972,037,735.62
The net cash flow generated by financingactivities
-650,188,679.31
-5,414,179,454.19
| 4. Effect of foreign exchange rate changes on |
cash and cash equivalents
57,000,333.44
173,516,701.33
5. Net increase in cash and cash equivalents
2,619,017,677.75
934,385,711.26
Add: Cash and cash equivalents at thebeginning of the period
11,752,548,621.97
12,317,576,778.93
6. Cash and cash equivalents at the ending of
the period
14,371,566,299.72
13,251,962,490.19
8. STATEMENT OF CASH FLOWS OF THE PARENT COMPANY FROM THE
BEGINNING OF THE YEAR TO THE END OF THE CURRENT PERIOD
Unit: YuanItems The Current Period The Previous Period
1.Cash flow from operating activities:
Cash received from sale of goods orrendering of services
25,300,199,068.22
25,652,120,540.51
Tax rebate received284,437,850.97
119,119,395.04
Other cash received relating tooperating activities
174,941,066.19
80,682,696.51
Subtotal of cash inflow received fromoperation activities
25,759,577,985.38
25,851,922,632.06
Cash paid for goods and services14,731,205,692.56
17,009,484,822.48
Cash paid to and on behalf ofemployees
1,371,069,525.86
1,372,731,925.30
Cash paid for all types of taxes789,815,447.75
528,120,047.39
Other cash paid relating to operatingactivities
310,224,763.98
322,705,026.46
Subtotal of cash outflow from operationactivities
17,202,315,430.15
19,233,041,821.63
Net cash flows generated from operatingactivities
8,557,262,555.23
6,618,880,810.43
2. Cash flows from investing activities:
Cash received from return oninvestments
500,000,000.00
Cash received from distribution ofdividends or profit
3,493,150.68
Net cash received from disposal offixed assets, intangible assets and otherlong-term assets
Net cash received from disposal ofsubsidiary and other operating units
Other cash paid relating to investingactivities
Subtotal of cash inflow received frominvesting activities
503,493,150.68
Cash paid for acquisition of fixedassets, intangible assets and other long-termassets
5,006,076,777.58
1,241,365,059.32
Cash paid for acquisition of investments
259,300,000.00
Net cash received from subsidiary andother operating unit
Other cash paid relating to investingactivities
Subtotal of cash outflows from investingactivities
5,006,076,777.58
1,500,665,059.32
The net cash flow generated by investmentactivities
-5,006,076,777.58
-997,171,908.64
3. Cash flows from financing activities:
Proceeds from investment
3,965,799,988.19
Proceeds from borrowings6,282,429,000.00
20,515,395,400.00
Other proceeds relating to financingactivities
| Subtotal cash inflow received from financing |
activities
6,282,429,000.00
24,481,195,388.19
Cash repayments of borrowings5,438,545,606.71
28,587,442,043.95
Cash payments for distribution ofdividends, profit or interest expenses
1,112,682,499.61
1,176,598,972.79
Other cash payments relating tofinancing activities
Subtotal of cash outflows from financingactivities
6,551,228,106.32
29,764,041,016.74
The net cash flow generated by financingactivities
-268,799,106.32
-5,282,845,628.55
| 4. Effect of foreign exchange rate changes on |
cash and cash equivalents
56,922,645.03
173,504,704.68
5. Net increase in cash and cash equivalents
3,339,309,316.36
512,367,977.92
Add: Cash and cash equivalents at thebeginning of the period
10,807,824,843.20
12,152,285,550.21
6. Cash and cash equivalents at the ending of
the period
14,147,134,159.56
12,664,653,528.13
II. Adjustments of Financial Statements
1. Adjustments of beginning balance due to the first-time implementation of the new
financial instruments guidelines, new revenue standards, new lease standards
√ Applicable □ Not applicable
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Unit: yuan
Items Dec 31
st
2018 Jan 1
st
2019 Adjustment amountCurrent assets:
Cash at bank and on hand16,567,471,755.77
16,567,471,755.77
Settlement provisions
Capital lent
Financial assets held for trading
Financial assets at fair valuethrough profit or loss
Derivative financial assets
Notes receivable3,580,145,843.38
3,580,145,843.38
Accounts receivable639,482,481.45
639,482,481.45
Receivables financing
Prepayments1,321,537,514.78
1,321,537,514.78
Premium receivable
Reinsurance accounts receivable
Receivable deposit forreinsurance contract
Other receivables:
202,763,964.98
202,763,964.98
Including: Interest receivables11,608,705.43
11,608,705.43
Dividend receivables
Redemptory financial assets forsale
Inventories10,677,747,112.40
10,677,747,112.40
Contract assets
Assets classified as held for sale
Non-current assets due withinone year
Other current assets292,119,771.13
292,119,771.13
Total current assets33,281,268,443.89
33,281,268,443.89
Non-current assets:
Loan and advances issued
Debt investments
Available-for-sale financial assets
1,041,824,829.00
-1,041,824,829.00
Other debt investments
Held-to-maturity investments
Long-term receivables
Long-term equity investments2,455,681.55
2,455,681.55
Other equity instrumentinvestments
1,041,824,829.00
1,041,824,829.00
Other non-current financial assets
Investment properties
Fixed assets23,924,504,539.97
23,924,504,539.97
Construction in progress836,594,457.82
836,594,457.82
Productive biological assets
Oil and gas assets
Right of use assets
Intangible assets278,062,441.04
278,062,441.04
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets191,452,547.21
191,452,547.21
Other non-current assets76,341,975.35
76,341,975.35
Total non-current assets26,351,236,471.94
26,351,236,471.94
Total assets59,632,504,915.83
59,632,504,915.83
Current Liabilities:
Short-term loans11,938,490,375.85
11,938,490,375.85
Loan from central bank
Absorbed deposit and interbankdeposit
Financial liabilities held fortrading
Financial liabilities at fair valuethrough profit or loss
Derivative financial liabilities
Note payables10,013,192,014.02
10,013,192,014.02
Account payables5,522,042,811.65
5,522,042,811.65
Advance from customers3,331,854,098.42
3,331,854,098.42
Financial assets sold forrepurchase
Deposits from customers andinterbank
Acting trading securities
Acting underwriting securities
Employee benefits payable51,466,231.72
51,466,231.72
Current tax liabilities515,752,369.68
515,752,369.68
Other payables862,511,178.96
862,511,178.96
Including: Interest payables9,658,681.99
9,658,681.99
Dividend payables
Handling charges andcommission payable
Reinsurance accounts payable
Contract liabilities
Liabilities held for sale
Non-current liabilities due withinone year
350,965,576.32
350,965,576.32
Other current liabilities
Total current liabilities32,586,274,656.62
32,586,274,656.62
Non-current liabilities:
Provision for insurance contract
Long-term loans7,083,640,094.16
7,083,640,094.16
Bonds payable
Including: Preferred stock
Perpetual bond
Lease liabilities
Long-term payables13,686,705.92
13,686,705.92
Long-term employee benefitspayables
Estimated liabilities
Deferred income289,499,002.97
289,499,002.97
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities7,386,825,803.05
7,386,825,803.05
Total liabilities39,973,100,459.67
39,973,100,459.67
Shareholders’ equity:
Share capital3,875,371,532.00
3,875,371,532.00
Other equity instruments
Including: Preferred stock
Perpetual bond
Capital reserves12,343,209,847.29
12,343,209,847.29
Less: treasury shares
Other comprehensive income
Special reserves683,937.71
683,937.71
Surplus reserves961,105,529.85
961,105,529.85
General risk reserves
Undistributed profits1,945,887,269.82
1,945,887,269.82
Total equity attributable to equityholders of the parent company
19,126,258,116.67
19,126,258,116.67
Non-controlling interests533,146,339.49
533,146,339.49
Total shareholder’s equity19,659,404,456.16
19,659,404,456.16
Total liabilities and shareholder’sequity
59,632,504,915.83
59,632,504,915.83
Notes:
STATEMENOT OF FINANCIAL POSITION OF THE PARENT COMPANY
Unit: YuanItems Dec 31
st 2018 Jan 1
st
2019 Adjustment amountCurrent assets:
Cash at bank and on hand15,536,305,375.00
15,536,305,375.00
Financial assets held for trading
Financial assets at fair value through profitor loss
Derivative financial assets
Notes receivable3,356,020,598.89
3,356,020,598.89
Accounts receivable409,553,059.27
409,553,059.27
Receivables financing
Prepayments1,309,194,738.97
1,309,194,738.97
Other receivables235,037,391.46
235,037,391.46
Including: Interest receivables9,815,280.04
9,815,280.04
Dividend receivables
Inventories8,681,362,081.72
8,681,362,081.72
Contract assets
Assets classified as held for sale
Non-current assets due within one year
Other current assets193,989,096.20
193,989,096.20
Total current assets29,721,462,341.51
29,721,462,341.51
Non-current assets:
Debt investments
Available-for-sale financial assets1,041,624,829.00
-1,041,624,829.00
Other debt investments
Held-to-maturity investment
Long-term receivables
Long-term equity investments2,016,281,902.16
2,016,281,902.16
Other equity instrument investments
1,041,624,829.00
1,041,624,829.00
Other non-current financial assets
Investment properties
Fixed assets22,035,187,328.57
22,035,187,328.57
Construction in progress825,553,510.15
825,553,510.15
Productive biological assets
Oil and gas assets
Right of use assets
Intangible assets148,776,177.96
148,776,177.96
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets96,220,003.00
96,220,003.00
Other non-current assets76,341,975.35
76,341,975.35
Total non-current assets26,239,985,726.19
26,239,985,726.19
Total assets55,961,448,067.70
55,961,448,067.70
Current Liabilities:
Short-term loans10,624,270,375.85
10,624,270,375.85
Financial assets held for trading
Financial liabilities at fair value throughprofit or loss
Derivative financial liabilities
Notes payable9,213,748,427.22
9,213,748,427.22
Accounts payable5,940,816,426.48
5,940,816,426.48
Advance from customers3,189,143,565.45
3,189,143,565.45
Contract liabilities
Employee benefits payable49,378,095.47
49,378,095.47
Current tax liabilities507,003,883.57
507,003,883.57
Other payables538,051,513.13
538,051,513.13
Including: Interest payables7,341,833.33
7,341,833.33
Dividend payables
Liabilities held for sale
Non-current liabilities due within one year350,965,576.32
350,965,576.32
Other current liabilities
Total current liabilities30,413,377,863.49
30,413,377,863.49
Non-current liabilities:
Long-term loans7,083,640,094.16
7,083,640,094.16
Bonds payable
Including: Preferred stock
Perpetual bond
Lease liabilities
Long-term payables13,686,705.92
13,686,705.92
Long-term employee benefits payable
Estimated liabilities
Deferred incomes289,499,002.97
289,499,002.97
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities7,386,825,803.05
7,386,825,803.05
Total liabilities37,800,203,666.54
37,800,203,666.54
Shareholders’ equity:
Share capital3,875,371,532.00
3,875,371,532.00
Other equity instruments
Including: Preferred stock
Perpetual bond
Capital reserves11,923,058,165.17
11,923,058,165.17
Less: treasury shares
Other comprehensive income
Special reserves525,218.48
525,218.48
Surplus reserves961,105,529.85
961,105,529.85
Undistributed profits1,401,183,955.66
1,401,183,955.66
Total shareholder’s equity18,161,244,401.16
18,161,244,401.16
Total liabilities and shareholder’s equity55,961,448,067.70
55,961,448,067.70
Notes:
2. Retroactive adjustment due to the first time implementation of the new financial
instruments guidelines and new lease standards
□ Applicable √ Not applicable
III. Audit reportWhether the third quarter report is audited
□ Yes √ No
The third quarter report is not audited.