KONKAGROUPCO.,LTD.THIRDQUARTERLYREPORT2020
2020-118
October2020
PartIImportantNotesTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(togetherwithitsconsolidatedsubsidiaries,the“Company”,exceptwherethecontextotherwiserequires)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.LiuFengxi,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andFengJunxiu,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyConsolidatedFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
| 30September2020 | 31December2019 | Change(%) | |||
| Totalassets(RMB) | 44,785,049,225.79 | 42,586,955,452.27 | 5.16% | ||
| Equityattributabletothelistedcompany’sshareholders(RMB) | 8,518,673,314.06 | 8,068,505,598.13 | 5.58% | ||
| Q32020 | YoYchange(%) | Q1-Q32020 | YoYchange(%) | ||
| Operatingrevenue(RMB) | 12,276,961,374.42 | -21.53% | 29,801,145,271.16 | -28.50% | |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 520,661,894.19 | 432.78% | 615,363,686.82 | 36.60% | |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | -843,908,630.71 | -99.32% | -1,493,919,126.18 | -42.78% | |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -99,506,432.85 | 81.21% | -1,175,873,360.33 | 54.29% | |
| Basicearningspershare(RMB/share) | 0.2162 | 432.51% | 0.2556 | 36.61% | |
| Dilutedearningspershare(RMB/share) | 0.2162 | 432.51% | 0.2556 | 36.61% | |
| Weightedaveragereturnonequity(%) | 6.27% | 5.07% | 7.37% | 1.97% | |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q1-Q32020 | Note |
| Gain/Lossarisingfromdisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 1,306,383,744.02 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 451,617,886.43 | |
| Gain/Lossonentrustingotherswithinvestmentsorassetmanagement | 29,457,327.63 | |
| Gain/Lossonchangesinfairvaluearisingfromholdingofheld-for-tradingfinancialassetsandliabilitiesandderivativefinancialassetsandliabilities,andinvestmentincomefromdisposalofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilities,andotherdebtinvestmentsotherthaneffectivehedge | 59,718,772.71 |
| businessrelatedtotheCompany’snormaloperatingbusinesses | ||
| Gain/lossonentrustmentloans | 267,097.29 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 7,388,516.01 | |
| Othergainsandlossesthatmeetdefinitionofexceptionalgain/loss | 675,542,207.54 | |
| Less:Incometaxeffects | 325,646,046.95 | |
| Non-controllinginterestseffects(netoftax) | 95,446,691.68 | |
| Total | 2,109,282,813.00 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
| Item | Amount(RMB) | Reason |
| Taxrebatesonsoftware | 21,347,468.54 | RecurrentgovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards |
IITotalNumberofShareholdersandHoldingsofTop10ofThemasattheEndoftheReportingPeriod
1.NumbersofOrdinaryShareholdersandPreferenceShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholders | 139,572 | Numberofpreferenceshareholderswithresumedvotingrights(ifany) | 0 | |||||
| Top10shareholders | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | |||
| Status | Shares | |||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | State-ownedcorporation | 21.75% | 523,746,932 | 0 | ||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreigncorporation | 7.56% | 182,100,202 | 0 | ||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreigncorporation | 2.44% | 58,852,625 | 0 | ||||
| HOLYTIMEGROUPLIMITED | Foreigncorporation | 2.38% | 57,289,100 | 0 | ||||
| GAOLINGFUND,L.P. | Foreign | 2.19% | 52,801,250 | 0 | ||||
| corporation | |||||||
| WANGJINGFENG | Domesticindividual | 1.52% | 36,569,800 | 0 | |||
| NAMNGAI | Foreignindividual | 0.94% | 22,567,540 | 0 | |||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedcorporation | 0.82% | 19,752,620 | 0 | |||
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | Foreigncorporation | 0.52% | 12,452,154 | 0 | |||
| HONGKONGSECURITIESCLEARINGCOMPANYLTD. | Foreigncorporation | 0.37% | 8,810,290 | 0 | |||
| Top10unrestrictedshareholders | |||||||
| Nameofshareholder | Unrestrictedordinarysharesheld | Sharesbyclass | |||||
| Class | Shares | ||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | 523,746,932 | RMB-denominatedordinaryshare | 523,746,932 | ||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 182,100,202 | Domesticallylistedforeignshare | 182,100,202 | ||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 58,852,625 | Domesticallylistedforeignshare | 58,852,625 | ||||
| HOLYTIMEGROUPLIMITED | 57,289,100 | Domesticallylistedforeignshare | 57,289,100 | ||||
| GAOLINGFUND,L.P. | 52,801,250 | Domesticallylistedforeignshare | 52,801,250 | ||||
| WANGJINGFENG | 36,569,800 | RMB-denominatedordinaryshare | 36,569,800 | ||||
| NAMNGAI | 22,567,540 | Domesticallylistedforeignshare | 22,567,540 | ||||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | 19,752,620 | Domesticallylistedforeignshare | 19,752,620 | ||||
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | 12,452,154 | Domesticallylistedforeignshare | 12,452,154 | ||||
| HONGKONGSECURITIESCLEARINGCOMPANYLTD. | 8,810,290 | RMB-denominatedordinaryshare | 8,810,290 | ||||
| Relatedoracting-in-concertpartiesamongshareholdersabove | JialongInvestmentLimited,awholly-fundedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownEnterprisesCo.(“OCTGroup”forshort),holds180,001,110and18,360,000commonsharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.JialongInvestmentLimitedand | ||||||
| OverseasChineseTownEnterprisesCo.arepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | |
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading | A-shareholdersWangJingfengheld36,309,800A-sharesintheCompanythroughhisaccountofcollateralsecuritiesformargintradinginGuotaiJunanSecuritiesCo.,Ltd.. |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferenceShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable(I)DuringtheReportingPeriod,theCompanyactivelypromotedstrategictransformationandupgradingbyimplementingthelong-termdevelopmentstrategyof“Technology+Industry+Parks”andcenteringon“Semiconductor+NewConsumerElectronics+High-TechParks”.Intermsofthesemiconductorbusiness,theCompanyworkedondevelopmentandcommercializationinrespectofMicroLEDandMiniLED,inadditiontothelaunchoftheMiniLED8KTV.Withregardtotheconsumerelectronicsbusiness,continuedeffortsweremadetoenrichproductcategoriesandcontent,andtoenhancecoordinationbetweentheonlineandofflinemarketingsystem.Bywayoflivestreaming(includinglivestreaminginofflinestores),theCompanywasabletofurtherboostonlineandofflinesales.Asforthehigh-techparkbusiness,theYangtzeRiverDeltaHeadquartersandtheFrestecRefrigerationPark,amongothers,werelaunchedduringtheReportingPeriod.TheseindustrialparksareexpectedtohelptheCompanyoptimizeresourceallocationandpromoteintelligentupgradinginthehigh-techparkbusiness.(II)ChangesinKeyFinancialStatementLineItems
Unit:RMB
| Item | Q1-Q32020 | Q1-Q32019 | Amountofchange | Percentageofchange | Mainreasonforchange |
| Operatingrevenue | 29,801,145,271.16 | 41,681,249,260.63 | -11,880,103,989.47 | -28.50% | DecreasesinbothoperatingrevenueandcostofsalesasaresultofthepandemicduringtheReportingPeriod |
| Costofsales | 27,874,517,742.42 | 39,601,480,656.43 | -11,726,962,914.01 | -29.61% | |
| R&Dexpense | 486,664,300.94 | 319,102,256.98 | 167,562,043.96 | 52.51% | GreaterinvestmentsinR&D |
| Returnoninvestment | 1,932,345,020.63 | 795,857,862.21 | 1,136,487,158.42 | 142.80% | DisposaloftheCompany’sinterestinDongguanKonkaInvestmentCo.,Ltd. |
| Creditimpairmentloss(“-”forloss) | -419,369,553.83 | -89,146,583.72 | -330,222,970.11 | -370.43% | Allowancesfordoubtfulaccountsestablishedinthecurrentperiod |
| Assetimpairmentloss(“-”forloss) | -98,202,971.26 | -9,456,436.22 | -88,746,535.04 | -938.48% | Inventoryvaluationallowancesestablishedinthecurrentperiod |
IIProgress,InfluenceandSolutionsinrespectofSignificantEvents(I)Privateplacementsofcorporatebonds:Sofar,inrespectoftheprivateplacementofRMB2.3billionofcorporatebonds,theCompanyhasreceivedtheNoObjectionLetterfromtheShenzhenStockExchange;andRMB600millionofprivatelyplacedcorporatebondsareintheprocess.(II)Launchingandestablishingfunds:Currently,OrientKonkaIndustryM&AFundrespectivelyholds7.75%,2.75%,11.73%,6.05%and3%equityinterestinJiangxiYahuaElectronicMaterialsCo.,Ltd.,GenewTechnologiesCo.,Ltd.,ShenzhenGrentechTechnologiesCo.,Ltd.,HuizhouXuxinIntelligentTechnologyCo.,Ltd.andYimeideTechnologyCo.,Ltd.XinjiaEmergingIndustryDevelopmentInvestmentFund,WuzhenJiayuDigitalEconomyIndustryFundandYibinKanghuiEmergingIndustryFundhavecompletedthefilinginAssetManagementAssociationofChina.YanchengElectronicInformationIndustryFundhasaccomplishedthesigningofthepartnershipagreementandnowthefilinginAssetManagementAssociationofChinaisunderway.(III)YibinSmartTerminalHigh-TechIndustrialParkhasbeencompletedandaccepted.KonkaChuzhouSmartAppliancesandEquipmentIndustrialPark,DongguanKonkaSmartIndustrialPark,ChongqingKonkaSemiconductorOptoelectronicIndustrialParkandSuiningKonkaElectronicTechnologyIndustrialParkhaveobtainedtheprojectlandandareunderconstruction.YanchengSemiconductorClosedBetaTestBasehascompletedthebasicconstructionandisheadedtowardsinteriordecoration.FrestecRefrigerationPark,KonkaProductionBaseforExportedIntelligentTerminalsandGuxianGreenTechnologyTownareinthepipelineandwaitingtobidforthetargetlandingovernmentauditions.
| Summaryofthesignificantevent | Dateofdisclosure | Indextodisclosure |
| PrivateplacementofRMB600millionofcorporatebonds | 18September2019 | http://www.cninfo.com.cn/new/index |
| InvestmentandconstructionofDongguanKonkaSmartIndustrialPark | 11March2017 | |
| InvestmentandconstructionofKonkaChuzhouSmartAppliancesandEquipmentIndustrialPark | 5December2018 | |
| InvestmentandconstructionofYibinSmartTerminalHigh-TechIndustrialPark | 16December2017 | |
| InvestmentandconstructionofSuiningKonkaElectronicTechnologyIndustrialPark | 17October2018 | |
| InvestmentandconstructionofChongqingKonkaSemiconductorOptoelectronicIndustrialPark | 9October2019 | |
| InvestmentandconstructionofYanchengSemiconductorClosedBetaBase | 26November2019 | |
| InvestmentandconstructionofGuxianGreenTechnologyTown | 26November2019 | |
| OrientKonkaIndustryM&AFund | 7September2018 | |
| XinjiaEmergingIndustryDevelopmentInvestmentFund | 4March2020 | |
| WuzhenJiayuDigitalEconomyIndustryFund | 28March2020 | |
| InvestmentandconstructionofKonkaProductionBaseforExportedIntelligentTerminals | 6June2020 | |
| PrivateplacementofRMB2.3billionofcorporatebonds | 6June2020 | |
| InvestmentandconstructionofFrestecRefrigerationPark | 21July2020 |
| YibinKanghuiEmergingIndustryFund | 21July2020 |
| YanchengElectronicInformationIndustryFund | 23September2020 |
| CompletionofOwnershipTransferwiththeIndustrialandCommercialAdministrationinRespectoftheDisposalofa51%InterestinDongguanKonkaInvestmentCo.,Ltd.inanOpenManner | 26September2020 |
Progressofanysharerepurchase:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√NotapplicableIIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherRelevantParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVFinancialInvestments
1.SecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VProgressofProjectsFinancedwithRaisedFunds
□Applicable√NotapplicableVI2020AnnualOperatingPerformanceForecastWarningofaforecastlossonoraforecastsignificantyear-on-yearchangeinthe2020annualnetprofit,aswellasexplanationofwhy:
□Applicable√NotapplicableVIISignificantContractsArisingfromtheCompany’sOrdinaryCourseofBusiness
□Applicable√NotapplicableVIIICashEntrustedforWealthManagement
√Applicable□Notapplicable
Unit:RMB’0,000
| Type | Fundingsource | Amount | Undueamount | Unrecoveredoverdueamount |
| Bank’swealthmanagementproduct | Self-owned | 0 | 940 | 0 |
| Total | 0 | 940 | 0 | |
High-riskwealthmanagementtransactionswithasignificantsingleamount,orwithlowsecurity,lowliquidityornoprincipalprotection:
□Applicable√NotapplicableWealthmanagementtransactionswithpossibleimpairmentsincludinganexpectedlyunrecoverableprincipal:
□Applicable√NotapplicableIXIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsReceivedduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
30September2020
Unit:RMB
| Item | 30September2020 | 31December2019 |
| Currentassets: | ||
| Monetaryassets | 6,579,261,424.18 | 6,599,360,051.61 |
| Settlementreserve | ||
| Loanstootherbanksandfinancialinstitutions | ||
| Held-for-tradingfinancialassets | 61,494,666.97 | |
| Derivativefinancialassets | ||
| Notesreceivable | 1,846,727,412.55 | 2,838,041,432.89 |
| Accountsreceivable | 5,879,294,945.56 | 4,416,179,657.87 |
| Receivablesfinancing | 90,635,143.47 | 143,174,271.82 |
| Prepayments | 2,580,862,758.73 | 2,072,550,811.86 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 1,710,567,669.55 | 1,772,183,366.49 |
| Including:Interestreceivable | 19,432,661.26 | 7,807,400.40 |
| Dividendsreceivable | 547,848.62 | 547,848.62 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 5,005,680,260.84 | 5,318,503,044.69 |
| Contractassets | 57,517,986.07 | |
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | 93,761,768.42 | 108,087,016.22 |
| Othercurrentassets | 1,566,320,040.85 | 2,093,212,552.25 |
| Totalcurrentassets | 25,410,629,410.22 | 25,422,786,872.67 |
| Non-currentassets: | ||
| Loansandadvancestocustomers |
| Debtinvestments | ||
| Otherdebtinvestments | ||
| Long-termreceivables | 406,490,863.41 | 410,509,555.85 |
| Long-termequityinvestments | 4,080,885,163.89 | 3,465,541,196.89 |
| Investmentsinotherequityinstruments | 26,642,171.36 | 21,642,170.36 |
| Othernon-currentfinancialassets | 1,812,985,572.95 | 1,753,121,727.83 |
| Investmentproperty | 388,983,302.24 | 400,197,374.07 |
| Fixedassets | 2,397,168,269.57 | 2,561,254,191.55 |
| Constructioninprogress | 6,012,462,841.51 | 4,291,544,368.52 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 1,135,960,506.05 | 1,213,271,713.22 |
| Developmentcosts | 1,430,936.03 | |
| Goodwill | 779,260,296.41 | 779,260,296.41 |
| Long-termprepaidexpense | 119,132,580.66 | 107,590,078.88 |
| Deferredincometaxassets | 1,044,085,436.95 | 987,763,182.17 |
| Othernon-currentassets | 1,168,931,874.54 | 1,172,472,723.85 |
| Totalnon-currentassets | 19,374,419,815.57 | 17,164,168,579.60 |
| Totalassets | 44,785,049,225.79 | 42,586,955,452.27 |
| Currentliabilities: | ||
| Short-termborrowings | 11,545,605,169.58 | 10,332,687,239.63 |
| Borrowingsfromthecentralbank | ||
| Loansfromotherbanksandfinancialinstitutions | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 1,206,473,051.09 | 1,319,396,374.37 |
| Accountspayable | 5,853,839,416.94 | 5,797,822,479.60 |
| Advancesfromcustomers | 1,076,856,387.08 | |
| Contractliabilities | 1,637,940,617.00 | |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsanddepositsfromotherbanksandfinancialinstitutions | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities |
| Employeebenefitspayable | 349,178,094.68 | 426,870,498.58 |
| Taxesandleviespayable | 301,663,370.44 | 607,845,294.99 |
| Otherpayables | 2,130,027,470.51 | 2,374,287,243.20 |
| Including:Interestpayable | 153,125,872.24 | 227,831,108.53 |
| Dividendspayable | ||
| Feesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 13,023,381.44 | 210,066,077.13 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 23,037,750,571.68 | 22,145,831,594.58 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 5,169,802,097.54 | 4,890,315,729.90 |
| Bondspayable | 4,991,837,002.15 | 4,987,709,643.64 |
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | 713,894,401.32 | 383,287,104.62 |
| Long-termemployeebenefitspayable | 5,286,794.22 | 5,565,646.72 |
| Provisions | 137,192,250.40 | 206,591.51 |
| Deferredincome | 158,620,881.77 | 151,874,258.45 |
| Deferredincometaxliabilities | 88,347,193.28 | 95,467,096.05 |
| Othernon-currentliabilities | 110,361,780.89 | |
| Totalnon-currentliabilities | 11,375,342,401.57 | 10,514,426,070.89 |
| Totalliabilities | 34,413,092,973.25 | 32,660,257,665.47 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Capitalreserves | 230,368,577.09 | 230,368,577.09 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -66,091,804.01 | -21,293,103.52 |
| Specificreserve | ||
| Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 |
| Generalreserve | ||
| Retainedearnings | 4,734,730,023.31 | 4,239,763,606.89 |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,518,673,314.06 | 8,068,505,598.13 |
| Non-controllinginterests | 1,853,282,938.48 | 1,858,192,188.67 |
| Totalowners’equity | 10,371,956,252.54 | 9,926,697,786.80 |
| Totalliabilitiesandowners’equity | 44,785,049,225.79 | 42,586,955,452.27 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30September2020 | 31December2019 |
| Currentassets: | ||
| Monetaryassets | 2,949,020,415.52 | 2,498,077,198.12 |
| Held-for-tradingfinancialassets | 61,494,666.97 | |
| Derivativefinancialassets | ||
| Notesreceivable | 1,325,764,809.15 | 2,148,312,821.38 |
| Accountsreceivable | 5,604,165,653.64 | 9,564,720,940.39 |
| Receivablesfinancing | 66,002,903.68 | |
| Prepayments | 1,003,172,364.65 | 911,315,168.95 |
| Otherreceivables | 8,734,438,082.30 | 10,552,820,915.47 |
| Including:Interestreceivable | 11,146,879.93 | 7,431,353.86 |
| Dividendsreceivable | 349,515,715.50 | 518,580,871.02 |
| Inventories | 257,339,197.13 | 218,644,308.47 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 753,175,326.36 | 1,096,689,897.40 |
| Totalcurrentassets | 20,627,075,848.75 | 27,118,078,820.83 |
| Non-currentassets: | ||
| Debtinvestments | ||
| Otherdebtinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 8,992,378,578.30 | 7,712,084,967.88 |
| Investmentsinotherequityinstruments | 17,940,215.36 | 12,940,214.36 |
| Othernon-currentfinancialassets | 250,230,000.00 | 250,230,000.00 |
| Investmentproperty | 388,983,302.24 | 400,197,374.07 |
| Fixedassets | 430,537,915.34 | 444,107,402.57 |
| Constructioninprogress | 75,312,908.26 | 40,933,270.51 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 74,981,659.82 | 80,470,750.60 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 14,247,153.98 | 39,047,325.68 |
| Deferredincometaxassets | 815,152,260.37 | 883,234,085.45 |
| Othernon-currentassets | ||
| Totalnon-currentassets | 11,059,763,993.67 | 9,863,245,391.12 |
| Totalassets | 31,686,839,842.42 | 36,981,324,211.95 |
| Currentliabilities: | ||
| Short-termborrowings | 4,906,232,184.91 | 5,014,312,913.74 |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 1,764,184,964.11 | 2,610,991,473.69 |
| Accountspayable | 6,996,269,041.93 | 11,078,648,690.19 |
| Advancesfromcustomers | 318,839,961.84 | |
| Contractliabilities | 198,727,133.74 | |
| Employeebenefitspayable | 130,898,131.46 | 125,402,307.95 |
| Taxesandleviespayable | 3,200,613.86 | 9,305,344.42 |
| Otherpayables | 4,026,877,947.82 | 3,193,392,734.69 |
| Including:Interestpayable | 147,583,113.80 | 223,847,860.57 |
| Dividendspayable | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 130,512,375.00 | |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 18,026,390,017.83 | 22,481,405,801.52 |
| Non-currentliabilities: |
| Long-termborrowings | 2,353,034,612.32 | 3,438,055,729.90 |
| Bondspayable | 4,991,837,002.15 | 4,987,709,643.64 |
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | 24,965,378.82 | 21,855,688.19 |
| Long-termemployeebenefitspayable | ||
| Provisions | 5,426,045.35 | 206,591.51 |
| Deferredincome | 45,071,455.73 | 59,545,839.30 |
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | 57,440,562.28 | |
| Totalnon-currentliabilities | 7,477,775,056.65 | 8,507,373,492.54 |
| Totalliabilities | 25,504,165,074.48 | 30,988,779,294.06 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Capitalreserves | 114,018,066.79 | 114,018,066.79 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -2,682,217.31 | -2,682,217.31 |
| Specificreserve | ||
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 |
| Retainedearnings | 2,435,828,725.27 | 2,245,698,875.22 |
| Totalowners’equity | 6,182,674,767.94 | 5,992,544,917.89 |
| Totalliabilitiesandowners’equity | 31,686,839,842.42 | 36,981,324,211.95 |
3.ConsolidatedIncomeStatementforQ3
Unit:RMB
| Item | Q32020 | Q32019 |
| 1.Revenues | 12,276,961,374.42 | 15,644,806,446.79 |
| Including:Operatingrevenue | 12,276,961,374.42 | 15,644,806,446.79 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Feeandcommissionincome |
| 2.Costsandexpenses | 12,941,220,330.25 | 16,025,188,376.66 |
| Including:Costofsales | 11,605,524,309.54 | 14,927,438,285.30 |
| Interestexpense | ||
| Feeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandlevies | 19,117,752.68 | 18,882,712.84 |
| Sellingexpense | 443,120,418.41 | 537,449,008.46 |
| Administrativeexpense | 290,185,810.31 | 214,581,564.94 |
| R&Dexpense | 228,614,714.65 | 161,891,918.04 |
| Financecosts | 354,657,324.66 | 164,944,887.08 |
| Including:Interestexpense | 209,255,381.22 | 286,311,826.27 |
| Interestincome | 8,632,937.66 | 28,365,849.61 |
| Add:Otherincome | 149,944,065.29 | 298,288,604.77 |
| Returnoninvestment(“-”forloss) | 1,333,651,444.04 | 236,696,834.29 |
| Including:Shareofprofitorlossofjointventuresandassociates | 468,102.97 | -17,103,633.76 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -379,482,046.65 | -39,670,359.96 |
| Assetimpairmentloss(“-”forloss) | -96,217,311.31 | 2,261,331.07 |
| Assetdisposalincome(“-”forloss) | 89,624,963.47 | |
| 3.Operatingprofit(“-”forloss) | 433,262,159.01 | 117,194,480.30 |
| Add:Non-operatingincome | 13,906,702.31 | 41,224,843.98 |
| Less:Non-operatingexpense | 6,986,036.13 | 1,809,247.39 |
| 4.Grossprofit(“-”forloss) | 440,182,825.19 | 156,610,076.89 |
| Less:Incometaxexpense | -29,221,823.79 | 4,284,277.99 |
| 5.Netprofit(“-”fornetloss) | 469,404,648.98 | 152,325,798.90 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 469,404,648.98 | 152,325,798.90 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 520,661,894.19 | 97,725,667.63 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -51,257,245.21 | 54,600,131.27 |
| 6.Othercomprehensiveincome,netoftax | -48,021,475.59 | -757,628.66 |
| AttributabletoownersoftheCompanyastheparent | -44,481,996.02 | -2,540,311.85 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -44,481,996.02 | -2,540,311.85 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -44,481,996.02 | -2,540,311.85 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | -3,539,479.57 | 1,782,683.19 |
| 7.Totalcomprehensiveincome | 421,383,173.39 | 151,568,170.24 |
| AttributabletoownersoftheCompanyastheparent | 476,179,898.17 | 95,185,355.78 |
| Attributabletonon-controllinginterests | -54,796,724.78 | 56,382,814.46 |
| 8.Earningspershare |
| 8.1Basicearningspershare | 0.2162 | 0.0406 |
| 8.2Dilutedearningspershare | 0.2162 | 0.0406 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
4.IncomeStatementoftheCompanyastheParentforQ3
Unit:RMB
| Item | Q32020 | Q32019 |
| 1.Operatingrevenue | 1,874,354,128.92 | 3,420,624,874.36 |
| Less:Costofsales | 1,859,732,505.45 | 3,398,476,539.34 |
| Taxesandlevies | 1,598,888.37 | 2,196,972.53 |
| Sellingexpense | 59,995,538.39 | 289,700,691.74 |
| Administrativeexpense | 153,151,582.89 | 97,690,345.27 |
| R&Dexpense | 11,884,823.72 | 11,583,116.72 |
| Financecosts | 222,105,925.22 | 51,277,210.40 |
| Including:Interestexpense | 206,857,085.73 | 221,815,070.42 |
| Interestincome | 116,575,711.62 | 107,028,598.07 |
| Add:Otherincome | 8,462,482.65 | 16,519,680.07 |
| Returnoninvestment(“-”forloss) | 523,004,913.64 | 151,953,623.56 |
| Including:Shareofprofitorlossofjointventuresandassociates | -7,427,078.59 | -7,857,057.42 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -212,612,195.51 | -20,000,000.00 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 89,600,000.00 | |
| 2.Operatingprofit(“-”forloss) | -25,659,934.34 | -281,826,698.01 |
| Add:Non-operatingincome | 8,790,701.45 | 185,713.17 |
| Less:Non-operatingexpense | 2,828,750.98 | 169,334.48 |
| 3.Grossprofit(“-”forloss) | -19,697,983.87 | -281,810,319.32 |
| Less:Incometaxexpense | -15,512,798.22 | -65,507,220.62 |
| 4.Netprofit(“-”fornetloss) | -4,185,185.65 | -216,303,098.70 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -4,185,185.65 | -216,303,098.70 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | -4,185,185.65 | -216,303,098.70 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
5.ConsolidatedIncomeStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Revenues | 29,801,145,271.16 | 41,681,249,260.63 |
| Including:Operatingrevenue | 29,801,145,271.16 | 41,681,249,260.63 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Feeandcommissionincome | ||
| 2.Costsandexpenses | 31,294,628,818.95 | 42,723,961,198.82 |
| Including:Costofsales | 27,874,517,742.42 | 39,601,480,656.43 |
| Interestexpense | ||
| Feeandcommissionexpense |
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandlevies | 48,302,193.04 | 56,271,805.11 |
| Sellingexpense | 1,412,344,800.39 | 1,605,394,922.82 |
| Administrativeexpense | 731,101,590.75 | 562,506,207.37 |
| R&Dexpense | 486,664,300.94 | 319,102,256.98 |
| Financecosts | 741,698,191.41 | 579,205,350.11 |
| Including:Interestexpense | 742,208,965.50 | 815,995,662.79 |
| Interestincome | 132,894,768.38 | 147,039,381.38 |
| Add:Otherincome | 468,038,917.63 | 642,173,576.13 |
| Returnoninvestment(“-”forloss) | 1,932,345,020.63 | 795,857,862.21 |
| Including:Shareofprofitorlossofjointventuresandassociates | 45,185,728.73 | -8,562,359.20 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | -3,005,381.67 | |
| Creditimpairmentloss(“-”forloss) | -419,369,553.83 | -89,146,583.72 |
| Assetimpairmentloss(“-”forloss) | -98,202,971.26 | -9,456,436.22 |
| Assetdisposalincome(“-”forloss) | 188,079,246.33 | 293,705,840.64 |
| 3.Operatingprofit(“-”forloss) | 577,407,111.71 | 587,416,939.18 |
| Add:Non-operatingincome | 22,568,475.79 | 63,494,286.07 |
| Less:Non-operatingexpense | 14,122,911.48 | 5,278,988.90 |
| 4.Grossprofit(“-”forloss) | 585,852,676.02 | 645,632,236.35 |
| Less:Incometaxexpense | 44,203,698.68 | 14,595,671.18 |
| 5.Netprofit(“-”fornetloss) | 541,648,977.34 | 631,036,565.17 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 541,648,977.34 | 631,036,565.17 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) |
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 615,363,686.82 | 450,492,688.36 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -73,714,709.48 | 180,543,876.81 |
| 6.Othercomprehensiveincome,netoftax | -46,863,350.96 | -3,865,740.99 |
| AttributabletoownersoftheCompanyastheparent | -44,798,700.49 | -6,200,198.54 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -4,800,000.00 | |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -4,800,000.00 | |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -44,798,700.49 | -1,400,198.54 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -44,798,700.49 | -1,400,198.54 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | -2,064,650.47 | 2,334,457.55 |
| 7.Totalcomprehensiveincome | 494,785,626.38 | 627,170,824.18 |
| AttributabletoownersoftheCompanyastheparent | 570,564,986.33 | 444,292,489.82 |
| Attributabletonon-controllinginterests | -75,779,359.95 | 182,878,334.36 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.2556 | 0.1871 |
| 8.2Dilutedearningspershare | 0.2556 | 0.1871 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Operatingrevenue | 5,249,800,159.81 | 8,788,646,584.76 |
| Less:Costofsales | 4,810,832,336.30 | 8,662,626,032.49 |
| Taxesandlevies | 4,054,892.86 | 5,247,218.40 |
| Sellingexpense | 406,754,081.49 | 892,638,143.13 |
| Administrativeexpense | 313,001,635.63 | 214,332,248.59 |
| R&Dexpense | 37,421,071.21 | 33,467,367.19 |
| Financecosts | 396,462,530.95 | 315,092,491.81 |
| Including:Interestexpense | 637,210,813.14 | 706,461,849.17 |
| Interestincome | 359,545,756.63 | 332,427,396.10 |
| Add:Otherincome | 68,743,421.98 | 42,403,642.65 |
| Returnoninvestment(“-”forloss) | 1,031,869,975.34 | 337,929,362.44 |
| Including:Shareofprofitorlossofjointventuresandassociates | -8,126,917.97 | -3,928,528.71 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | -3,005,381.67 | |
| Creditimpairmentloss(“-”forloss) | -222,810,467.29 | -26,660,947.01 |
| Assetimpairmentloss(“-”forloss) | 5,726,253.37 | -3,172,282.22 |
| Assetdisposalincome(“-”forloss) | 188,200,000.00 | 200.00 |
| 2.Operatingprofit(“-”forloss) | 353,002,794.77 | -987,262,322.66 |
| Add:Non-operatingincome | 9,106,266.95 | 1,708,572.98 |
| Less:Non-operatingexpense | 3,054,317.36 | 1,126,692.02 |
| 3.Grossprofit(“-”forloss) | 359,054,744.36 | -986,680,441.70 |
| Less:Incometaxexpense | 68,788,742.83 | -240,955,012.03 |
| 4.Netprofit(“-”fornetloss) | 290,266,001.53 | -745,725,429.67 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 290,266,001.53 | -745,725,429.67 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | ||
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod |
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 290,266,001.53 | -745,725,429.67 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 29,184,784,329.28 | 41,460,695,427.76 |
| Netincreaseincustomerdepositsanddepositsfromotherbanksandfinancialinstitutions | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,feesandcommissionsreceived | ||
| Netincreaseinloansfromotherbanksandfinancialinstitutions | ||
| Netincreaseinproceedsfromrepurchasetransactions |
| Netproceedsfromactingtradingofsecurities | ||
| Taxandlevyrebates | 158,747,704.56 | 596,940,645.18 |
| Cashgeneratedfromotheroperatingactivities | 2,779,748,792.23 | 2,810,409,063.92 |
| Subtotalofcashgeneratedfromoperatingactivities | 32,123,280,826.07 | 44,868,045,136.86 |
| Paymentsforcommoditiesandservices | 28,608,102,086.75 | 42,633,289,918.22 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandotherbanksandfinancialinstitutions | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseinloanstootherbanksandfinancialinstitutions | ||
| Interest,feesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 1,359,110,793.58 | 1,354,791,311.98 |
| Taxesandleviespaid | 785,311,074.53 | 604,891,331.46 |
| Cashusedinotheroperatingactivities | 2,546,630,231.54 | 2,847,652,417.14 |
| Subtotalofcashusedinoperatingactivities | 33,299,154,186.40 | 47,440,624,978.80 |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,175,873,360.33 | -2,572,579,841.94 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 695,562,072.60 | 222,405,975.50 |
| Returnoninvestment | 97,902,372.90 | 109,794,038.16 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 305,251,144.96 | 123,083,476.75 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 588,620,437.06 | 90,801,480.11 |
| Cashgeneratedfromotherinvestingactivities | 2,057,357,513.79 | 1,757,416,878.42 |
| Subtotalofcashgeneratedfrominvestingactivities | 3,744,693,541.31 | 2,303,501,848.94 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 2,417,483,605.63 | 1,280,750,151.25 |
| Paymentsforinvestments | 162,157,119.25 | 1,236,659,360.00 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 155,520,775.46 | 800,033,420.00 |
| Subtotalofcashusedininvestingactivities | 2,735,161,500.34 | 3,317,442,931.25 |
| Netcashgeneratedfrom/usedininvestingactivities | 1,009,532,040.97 | -1,013,941,082.31 |
| 3.Cashflowsfromfinancingactivities: |
| Capitalcontributionsreceived | 133,039,439.25 | 316,350,268.17 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 133,039,439.25 | 316,350,268.17 |
| Borrowingsreceived | 14,453,038,928.17 | 21,816,836,119.64 |
| Cashgeneratedfromotherfinancingactivities | 1,396,812,658.86 | 662,446,627.50 |
| Subtotalofcashgeneratedfromfinancingactivities | 15,982,891,026.28 | 22,795,633,015.31 |
| Repaymentofborrowings | 13,243,185,186.02 | 15,301,413,298.24 |
| Interestanddividendspaid | 745,791,874.18 | 674,111,965.45 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | 4,513,500.00 | 33,607,322.95 |
| Cashusedinotherfinancingactivities | 1,347,499,266.63 | 534,292,325.64 |
| Subtotalofcashusedinfinancingactivities | 15,336,476,326.83 | 16,509,817,589.33 |
| Netcashgeneratedfrom/usedinfinancingactivities | 646,414,699.45 | 6,285,815,425.98 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -22,135,152.50 | 7,020,688.15 |
| 5.Netincreaseincashandcashequivalents | 457,938,227.59 | 2,706,315,189.88 |
| Add:Cashandcashequivalents,beginningoftheperiod | 4,493,701,917.22 | 3,434,149,481.72 |
| 6.Cashandcashequivalents,endoftheperiod | 4,951,640,144.81 | 6,140,464,671.60 |
8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 5,287,315,115.68 | 15,276,237,884.82 |
| Taxandlevyrebates | 42,763,151.28 | 48,371,777.09 |
| Cashgeneratedfromotheroperatingactivities | 10,273,988,822.96 | 9,241,152,305.86 |
| Subtotalofcashgeneratedfromoperatingactivities | 15,604,067,089.92 | 24,565,761,967.77 |
| Paymentsforcommoditiesandservices | 3,473,166,490.54 | 13,228,154,713.94 |
| Cashpaidtoandforemployees | 280,122,707.16 | 538,054,123.81 |
| Taxesandleviespaid | 10,631,888.24 | 44,781,446.37 |
| Cashusedinotheroperatingactivities | 10,751,419,805.68 | 10,978,851,545.86 |
| Subtotalofcashusedinoperatingactivities | 14,515,340,891.62 | 24,789,841,829.98 |
| Netcashgeneratedfrom/usedinoperatingactivities | 1,088,726,198.30 | -224,079,862.21 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 1,217,936,530.00 | 166,685,882.00 |
| Returnoninvestment | 187,723,779.95 | 96,058,958.81 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 188,253,456.56 | 255,200.79 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | 1,935,867,847.12 | 777,615,551.82 |
| Subtotalofcashgeneratedfrominvestingactivities | 3,529,781,613.63 | 1,040,615,593.42 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 65,949,474.37 | 59,662,429.02 |
| Paymentsforinvestments | 1,340,905,815.71 | 703,450,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 126,968,061.44 | 5,137,623,500.00 |
| Subtotalofcashusedininvestingactivities | 1,533,823,351.52 | 5,900,735,929.02 |
| Netcashgeneratedfrom/usedininvestingactivities | 1,995,958,262.11 | -4,860,120,335.60 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsreceived | 9,378,654,852.74 | 11,517,566,793.66 |
| Cashgeneratedfromotherfinancingactivities | 132,564,434.59 | 2,500,000.00 |
| Subtotalofcashgeneratedfromfinancingactivities | 9,511,219,287.33 | 11,520,066,793.66 |
| Repaymentofborrowings | 10,634,198,610.76 | 4,960,897,423.76 |
| Interestanddividendspaid | 663,698,397.97 | 561,130,301.68 |
| Cashusedinotherfinancingactivities | 494,170,138.20 | 10,922,037.42 |
| Subtotalofcashusedinfinancingactivities | 11,792,067,146.93 | 5,532,949,762.86 |
| Netcashgeneratedfrom/usedinfinancingactivities | -2,280,847,859.60 | 5,987,117,030.80 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -5,866,676.75 | -10,762,185.92 |
| 5.Netincreaseincashandcashequivalents | 797,969,924.06 | 892,154,647.07 |
| Add:Cashandcashequivalents,beginningoftheperiod | 1,337,342,186.92 | 1,497,794,555.85 |
| 6.Cashandcashequivalents,endoftheperiod | 2,135,312,110.98 | 2,389,949,202.92 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYear(2020)oftheNewAccountingStandardsGoverningRevenueandLeases
√Applicable□NotapplicableWhetheritemsofthebalancesheetsatthebeginningoftheyearneedadjustments
√Yes□NoConsolidatedbalancesheet
Unit:RMB
| Item | 31December2019 | 1January2020 | Adjustment |
| Currentassets: | |||
| Monetaryassets | 6,599,360,051.61 | 6,599,360,051.61 | |
| Settlementreserve | |||
| Loanstootherbanksandfinancialinstitutions | |||
| Held-for-tradingfinancialassets | 61,494,666.97 | 61,494,666.97 | |
| Derivativefinancialassets | |||
| Notesreceivable | 2,838,041,432.89 | 2,838,041,432.89 | |
| Accountsreceivable | 4,416,179,657.87 | 4,419,658,123.40 | 3,478,465.53 |
| Receivablesfinancing | 143,174,271.82 | 143,174,271.82 | |
| Prepayments | 2,072,550,811.86 | 2,072,550,811.86 | |
| Premiumsreceivable | |||
| Reinsurancereceivables | |||
| Receivablereinsurancecontractreserve | |||
| Otherreceivables | 1,772,183,366.49 | 1,772,183,366.49 | |
| Including:Interestreceivable | 7,807,400.40 | 7,807,400.40 | |
| Dividendsreceivable | 547,848.62 | 547,848.62 | |
| Financialassetspurchasedunderresaleagreements | |||
| Inventories | 5,318,503,044.69 | 5,307,497,440.88 | -11,005,603.81 |
| Contractassets | 13,248,335.74 | 13,248,335.74 | |
| Assetsheldforsale | |||
| Currentportionofnon-currentassets | 108,087,016.22 | 108,087,016.22 | |
| Othercurrentassets | 2,093,212,552.25 | 2,104,218,156.06 | 11,005,603.81 |
| Totalcurrentassets | 25,422,786,872.67 | 25,439,513,673.94 | 16,726,801.27 |
| Non-currentassets: | |||
| Loansandadvancestocustomers | |||
| Debtinvestments | |||
| Otherdebtinvestments |
| Long-termreceivables | 410,509,555.85 | 410,509,555.85 | |
| Long-termequityinvestments | 3,465,541,196.89 | 3,465,541,196.89 | |
| Investmentsinotherequityinstruments | 21,642,170.36 | 21,642,170.36 | |
| Othernon-currentfinancialassets | 1,753,121,727.83 | 1,753,121,727.83 | |
| Investmentproperty | 400,197,374.07 | 400,197,374.07 | |
| Fixedassets | 2,561,254,191.55 | 2,561,254,191.55 | |
| Constructioninprogress | 4,291,544,368.52 | 4,291,544,368.52 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | |||
| Intangibleassets | 1,213,271,713.22 | 1,213,271,713.22 | |
| Developmentcosts | |||
| Goodwill | 779,260,296.41 | 779,260,296.41 | |
| Long-termprepaidexpense | 107,590,078.88 | 107,590,078.88 | |
| Deferredincometaxassets | 987,763,182.17 | 987,763,182.17 | |
| Othernon-currentassets | 1,172,472,723.85 | 1,172,472,723.85 | |
| Totalnon-currentassets | 17,164,168,579.60 | 17,164,168,579.60 | |
| Totalassets | 42,586,955,452.27 | 42,603,682,253.54 | 16,726,801.27 |
| Currentliabilities: | |||
| Short-termborrowings | 10,332,687,239.63 | 10,332,687,239.63 | |
| Borrowingsfromthecentralbank | |||
| Loansfromotherbanksandfinancialinstitutions | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 1,319,396,374.37 | 1,319,396,374.37 | |
| Accountspayable | 5,797,822,479.60 | 5,797,822,479.60 | |
| Advancesfromcustomers | 1,076,856,387.08 | -1,076,856,387.08 | |
| Contractliabilities | 959,538,151.80 | 959,538,151.80 |
| Financialassetssoldunderrepurchaseagreements | |||
| Customerdepositsanddepositsfromotherbanksandfinancialinstitutions | |||
| Payablesforactingtradingofsecurities | |||
| Payablesforunderwritingofsecurities | |||
| Employeebenefitspayable | 426,870,498.58 | 426,870,498.58 | |
| Taxesandleviespayable | 607,845,294.99 | 607,845,294.99 | |
| Otherpayables | 2,374,287,243.20 | 2,289,729,308.18 | -84,557,935.02 |
| Including:Interestpayable | 227,831,108.53 | 227,831,108.53 | |
| Dividendspayable | |||
| Feesandcommissionspayable | |||
| Reinsurancepayables | |||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | |||
| Currentportionofnon-currentliabilities | 210,066,077.13 | 210,066,077.13 | |
| Othercurrentliabilities | |||
| Totalcurrentliabilities | 22,145,831,594.58 | 21,943,955,424.28 | -201,876,170.30 |
| Non-currentliabilities: | |||
| Insurancecontractreserve | |||
| Long-termborrowings | 4,890,315,729.90 | 4,890,315,729.90 | |
| Bondspayable | 4,987,709,643.64 | 4,987,709,643.64 | |
| Including:Preferenceshares | |||
| Perpetualbonds | |||
| Leaseliabilities | |||
| Long-termpayables | 383,287,104.62 | 383,287,104.62 | |
| Long-termemployee | 5,565,646.72 | 5,565,646.72 |
| benefitspayable | |||
| Provisions | 206,591.51 | 101,491,327.80 | 101,284,736.29 |
| Deferredincome | 151,874,258.45 | 151,874,258.45 | |
| Deferredincometaxliabilities | 95,467,096.05 | 95,467,096.05 | |
| Othernon-currentliabilities | 117,318,235.28 | 117,318,235.28 | |
| Totalnon-currentliabilities | 10,514,426,070.89 | 10,733,029,042.46 | 218,602,971.57 |
| Totalliabilities | 32,660,257,665.47 | 32,676,984,466.74 | 16,726,801.27 |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
| Otherequityinstruments | |||
| Including:Preferenceshares | |||
| Perpetualbonds | |||
| Capitalreserves | 230,368,577.09 | 230,368,577.09 | |
| Less:Treasurystock | |||
| Othercomprehensiveincome | -21,293,103.52 | -21,293,103.52 | |
| Specificreserve | |||
| Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 | |
| Generalreserve | |||
| Retainedearnings | 4,239,763,606.89 | 4,239,763,606.89 | |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,068,505,598.13 | 8,068,505,598.13 | |
| Non-controllinginterests | 1,858,192,188.67 | 1,858,192,188.67 | |
| Totalowners’equity | 9,926,697,786.80 | 9,926,697,786.80 | |
| Totalliabilitiesandowners’equity | 42,586,955,452.27 | 42,603,682,253.54 | 16,726,801.27 |
NotestotheadjustmentIn2017,theMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.14-Revenue"(referredtoasthe"NewRevenueStandards").ThecompanywillbeginaccountingtreatmentinaccordancewiththenewlyrevisedstandardsfromJanuary1,2020.Accordingtotheconvergenceregulations,thecomparableperiodinformationwillnotbeadjusted.Thedifferencebetweentheimplementationofthenewstandardsandthecurrentstandardsonthefirstdaywillberetrospectivelyadjusted.Profitorothercomprehensiveincome.
BalancesheetoftheCompanyastheparent
Unit:RMB
| Item | 31December2019 | 1January2020 | Adjustment |
| Currentassets: | |||
| Monetaryassets | 2,498,077,198.12 | 2,498,077,198.12 | |
| Held-for-tradingfinancialassets | 61,494,666.97 | 61,494,666.97 | |
| Derivativefinancialassets | |||
| Notesreceivable | 2,148,312,821.38 | 2,148,312,821.38 | |
| Accountsreceivable | 9,564,720,940.39 | 9,580,894,472.00 | 16,173,531.61 |
| Receivablesfinancing | 66,002,903.68 | 66,002,903.68 | |
| Prepayments | 911,315,168.95 | 911,315,168.95 | |
| Otherreceivables | 10,552,820,915.47 | 10,552,820,915.47 | |
| Including:Interestreceivable | 7,431,353.86 | 7,431,353.86 | |
| Dividendsreceivable | 518,580,871.02 | 518,580,871.02 | |
| Inventories | 218,644,308.47 | 207,949,690.07 | -10,694,618.40 |
| Contractassets | |||
| Assetsheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 1,096,689,897.40 | 1,107,384,515.80 | 10,694,618.40 |
| Totalcurrentassets | 27,118,078,820.83 | 27,134,252,352.44 | 16,173,531.61 |
| Non-currentassets: | |||
| Debtinvestments | |||
| Otherdebtinvestments | |||
| Long-termreceivables |
| Long-termequityinvestments | 7,712,084,967.88 | 7,712,084,967.88 | |
| Investmentsinotherequityinstruments | 12,940,214.36 | 12,940,214.36 | |
| Othernon-currentfinancialassets | 250,230,000.00 | 250,230,000.00 | |
| Investmentproperty | 400,197,374.07 | 400,197,374.07 | |
| Fixedassets | 444,107,402.57 | 444,107,402.57 | |
| Constructioninprogress | 40,933,270.51 | 40,933,270.51 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | |||
| Intangibleassets | 80,470,750.60 | 80,470,750.60 | |
| Developmentcosts | |||
| Goodwill | |||
| Long-termprepaidexpense | 39,047,325.68 | 39,047,325.68 | |
| Deferredincometaxassets | 883,234,085.45 | 883,234,085.45 | |
| Othernon-currentassets | |||
| Totalnon-currentassets | 9,863,245,391.12 | 9,863,245,391.12 | |
| Totalassets | 36,981,324,211.95 | 36,997,497,743.56 | 16,173,531.61 |
| Currentliabilities: | |||
| Short-termborrowings | 5,014,312,913.74 | 5,014,312,913.74 | |
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 2,610,991,473.69 | 2,610,991,473.69 | |
| Accountspayable | 11,078,648,690.19 | 11,078,648,690.19 | |
| Advancesfromcustomers | 318,839,961.84 | -318,839,961.84 | |
| Contractliabilities | 269,891,156.62 | 269,891,156.62 | |
| Employeebenefitspayable | 125,402,307.95 | 125,402,307.95 | |
| Taxesandleviespayable | 9,305,344.42 | 9,305,344.42 | |
| Otherpayables | 3,193,392,734.69 | 3,181,261,535.24 | -12,131,199.45 |
| Including:Interestpayable | 223,847,860.57 | 223,847,860.57 | |
| Dividendspayable | |||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | |||
| Currentportionofnon-currentliabilities | 130,512,375.00 | 130,512,375.00 | |
| Othercurrentliabilities | |||
| Totalcurrentliabilities | 22,481,405,801.52 | 22,420,325,796.85 | -61,080,004.67 |
| Non-currentliabilities: | |||
| Long-termborrowings | 3,438,055,729.90 | 3,438,055,729.90 | |
| Bondspayable | 4,987,709,643.64 | 4,987,709,643.64 | |
| Including:Preferenceshares | |||
| Perpetualbonds | |||
| Leaseliabilities | |||
| Long-termpayables | 21,855,688.19 | 21,855,688.19 | |
| Long-termemployeebenefitspayable | |||
| Provisions | 206,591.51 | 28,511,322.57 | 28,304,731.06 |
| Deferredincome | 59,545,839.30 | 59,545,839.30 | |
| Deferredincometaxliabilities | |||
| Othernon-currentliabilities | 48,948,805.22 | 48,948,805.22 | |
| Totalnon-currentliabilities | 8,507,373,492.54 | 8,584,627,028.82 | 77,253,536.28 |
| Totalliabilities | 30,988,779,294.06 | 31,004,952,825.67 | 16,173,531.61 |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
| Otherequityinstruments | |||
| Including:Preferenceshares | |||
| Perpetualbonds | |||
| Capitalreserves | 114,018,066.79 | 114,018,066.79 | |
| Less:Treasurystock |
| Othercomprehensiveincome | -2,682,217.31 | -2,682,217.31 | |
| Specificreserve | |||
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 | |
| Retainedearnings | 2,245,698,875.22 | 2,245,698,875.22 | |
| Totalowners’equity | 5,992,544,917.89 | 5,992,544,917.89 | |
| Totalliabilitiesandowners’equity | 36,981,324,211.95 | 36,997,497,743.56 | 16,173,531.61 |
NotestotheadjustmentIn2017,theMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.14-Revenue"(referredtoasthe"NewRevenueStandards").ThecompanywillbeginaccountingtreatmentinaccordancewiththenewlyrevisedstandardsfromJanuary1,2020.Accordingtotheconvergenceregulations,thecomparableperiodinformationwillnotbeadjusted.Thedifferencebetweentheimplementationofthenewstandardsandthecurrentstandardsonthefirstdaywillberetrospectivelyadjusted.Profitorothercomprehensiveincome.
2.RetrospectiveAdjustmentstotheComparativeDataofPriorPeriodsduetotheFirstExecutionin2020oftheNewAccountingStandardsGoverningRevenueandLeases
√Applicable□NotapplicableIn2017,theMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.14-Revenue"(referredtoasthe"NewRevenueStandards").ThecompanywillbeginaccountingtreatmentinaccordancewiththenewlyrevisedstandardsfromJanuary1,2020.Accordingtotheconvergenceregulations,thecomparableperiodinformationwillnotbeadjusted.Thedifferencebetweentheimplementationofthenewstandardsandthecurrentstandardsonthefirstdaywillberetrospectivelyadjusted.Profitorothercomprehensiveincome.IIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.
TheBoardofDirectorsKonkaGroupCo.,Ltd
30October2020