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粤高速B:2021年第一季度报告全文(英文版) 下载公告
公告日期:2021-04-27

GuangdongProvincialExpresswayDevelopmentCo.,Ltd.

TheFirstQuarterReport2021

April2021

I.ImportantNoticeTheBoardofDirectorsandtheSupervisoryCommitteeoftheCompanyanditsdirectors,supervisorsandseniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.AllofthedirectorspresentedtheboardmeetingatwhichthisQuarterReportwasexamined.Mr.ZhengRenfa,Leader,Mr.WangChunhua,GeneralManager,Mr.LuMing,Chiefoftheaccountingwork,MsZhouFang,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisreport.

II.BasicInformationoftheCompany

(1)MainfinancialdataandfinancialindexIndicatebytickmarkwhethertheCompanyneedstoretroactivelyrestateanyofitsaccountingdata.

√Yes□NoRetrospectiveadjustmentorrestatementreasonBusinesscombinationunderthesamecontrol

ThisperiodSameperiodoflastyearChangesofthisperiodoversameperiodoflastyear(%)
BeforeadjustmentAfteradjustmentAfteradjustment
Operatingrevenue(Yuan)1,257,975,487.27211,215,592.28354,680,507.03254.68%
Netprofitattributabletotheshareholdersofthelistedcompany(Yuan)399,100,166.26-70,094,226.94-65,790,927.23706.62%
Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany(Yuan)395,414,595.12-71,989,487.82-71,989,487.82649.27%
Netcashgeneratedfrom/usedinoperatingactivities(Yuan)849,020,540.34142,313,822.41163,886,674.37418.05%
Basicearningpershare(Yuan/Share)0.19-0.03-0.03733.33%
Dilutedgainspershare(Yuan/Share)0.19-0.03-0.03733.33%
Weightedaveragereturnonequity(%)4.89%-0.72%-0.63%5.52%
EndofthisperiodEndoflastperiodChangesofthisperiod-endoversameperiod-endoflastyear(%)
BeforeadjustmentAfteradjustmentAfteradjustment
Totalassets(Yuan)19,839,202,045.4819,748,578,658.1119,748,578,658.110.46%
Netassetsattributabletotheshareholdersofthelistedcompany(Yuan)8,378,704,436.237,933,136,499.117,933,136,499.115.62%

Itemsandamountofnon-currentgainsandlosses

√Applicable□Notapplicable

InRMB

ItemsAmount(Year-beginningtotheendofthereportperiod.)Notes
Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade)-112,712.62
Governmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies)5,965,070.40
Netamountofnon-operatingincomeandexpenseexcepttheaforesaiditems954,275.16
Othernon-recurringGains/lossitems240,124.51
Less:Influencedamountofincometax1,761,727.77
Influencedamountofminorshareholders’equity(aftertax)1,599,458.54
Total3,685,571.14--

ExplainthereasonsiftheCompanyclassifiesanitemasanextraordinarygain/lossaccordingtothedefinitionintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-ExtraordinaryGainsandLosses,orclassifiesanyextraordinarygain/lossitemmentionedinthesaidexplanatoryannouncementasarecurrentgain/lossitem.

□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecognizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.

II.TotalShareholdersandSharesHeldbyTopTenShareholdersattheEndoftheReportingPeriod

1.AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders

Inshares

Totalnumberofcommonshareholdersattheperiod-end52,475Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany)0
Sharesheldbythetop10shareholders
ShareholdernamePropertiesofshareholderShareproportion%QuantityAmountoftradableshareswithConditionalheldPledgingorfreezing
StatusofthesharesQuantity
GuangdongCommunicationGroupCo.,Ltd.State-ownedlegalperson24.56%513,420,438410,040,696
GuangdongHighwayConstructionCo.,Ltd,State-ownedlegalperson22.30%466,325,020
ShangdongExpresswayInvestmentDevelopmentCo.,Ltd.State-ownedlegalperson9.68%202,429,149
TibetYingyueInvestmentManagementCo.,Ltd.State-ownedlegalperson4.84%101,214,574
GuangdongProvincialFreewayCo.,Ltd.State-ownedlegalperson2.53%52,937,49119,582,228
ChinaLifeInsuranceCo.,Ltd.-Dividend-Personaldividend-005L-FH002Other1.96%41,009,355
Shen
ChinaLifeInsuranceCo.,Ltd.-Traditional-Commoninsuranceproducts-005L-CT001ShenOther1.67%35,003,947
XinyueCo.,Ltd.Overseaslegalperson0.63%13,201,086
FengWuchuDomesticnaturalpersonshares0.60%12,648,625
HappyLifeInsuranceCo.,Ltd.-DividendOther0.56%11,617,747
SharesheldbytheTop10ShareholdersofNon-restrictedshares
Shareholders’NamesNumberofthenon-restrictedsharesheldSharetype
SharetypeQuantity
GuangdongHighwayConstructionCo.,Ltd,466,325,020RMBCommonshares466,325,020
ShangdongExpresswayInvestmentDevelopmentCo.,Ltd.202,429,149RMBCommonshares202,429,149
GuangdongCommunicationGroupCo.,Ltd.103,379,742RMBCommonshares103,379,742
TibetYingyueInvestmentManagementCo.,Ltd.101,214,574RMBCommonshares101,214,574
ChinaLifeInsuranceCo.,Ltd.-Dividend-Personaldividend-005L-FH002Shen41,009,355RMBCommonshares41,009,355
ChinaLifeInsuranceCo.,Ltd.-Traditional-Commoninsuranceproducts-005L-CT001Shen35,003,947RMBCommonshares35,003,947
GuangdongProvincialFreewayCo.,Ltd.33,355,263RMBCommonshares33,355,263
XinyueCo.,Ltd.13,201,086Foreignsharesplacedindomesticexchange13,201,086
FengWuchu12,648,625RMBCommonshares10,342,762
Foreignsharesplacedindomesticexchange2,305,863
HappyLifeInsuranceCo.,Ltd.-Dividend11,617,747RMBCommonshares11,617,747
Relatedoracting-in-concertpartiesamongshareholdersaboveGuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd.andGuangdongProvincialFreewayCo.,Ltd.,ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformationaboutChangeinShareholdingofShareholdersofListedCompanies.
Participationoftop10unconditionalcommonshareshareholdersinsecuritiesmargintrading(ifany)None

Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.

□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.

2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod

□Applicable√Notapplicable

IIISignificantEventsI.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges

√Applicable□Notapplicable(I)Itemsofbalancesheetascomparedwiththebeginningofthisyear.

1.Otherpayablesdecreasedby1,237.36millionyuanand81.80%fromthebeginningoftheYear,whichwasmainlyduetotheagreementbetweenGuangdongProvincialExpresswayDevelopmentCo.,LtdandGuangdongProvincialFreewayCo.,Ltd.onthepaymentofcashtopurchase21%ofthesharesof

GuangdongGuanghuiExpresswayCo.,Ltd,theCompanypaidthesecondphaseofequitytransferamountto

GuangdongProvincialFreewayCo.,Ltd.

2.Non-currentliabilitiesduewithinoneyearItdecreasedby93.15millionyuanfromthebeginningoftheyear,oradecreaseof34.97%,whichwasmainlyduetothecombinedeffectsoftheCompany'srepaymentofdueloansandthereclassificationofsubjects.(II)Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear

1.OperatingincomeItincreasedby903.29millionyuanoverthesameperiodlastyear,oranincreaseof254.68%.Thereinto,thetollincomeoftheFokaiExpressway,theGuangzhuSectionoftheJingzhuExpressway,theGuangfoExpressway,andtheGuanghuiExpresswayincreasedYOY,whichwasmainlydueto:in2020,affectedbythenewcoronavirusepidemic,thestateissuedrelevantpolicies:theoriginaltoll-freeperiodduringthestatutorySpringFestivalholiday(January24-January30)wasextendedtoFebruary8andfrom0:00onFebruary17,2020to24:00onMay5,2020,vehicletollsonnationaltollroadswereexempted.Inthefirstquarterof2021,thenumberoftolldaysoftheabove-saidhighwayswasincreasedby52dayscomparedtolastyear.

2.OperatingcostsItincreasedby127.35millionyuanoverthesameperiodlastyear,anincreaseof38.99%,whichwasmainlyduetotheincreaseinroadpropertydepreciationastheincreaseintollincome.

3.InvestmentincomeItincreasedby52.77millionyuanoverthesameperiodofthepreviousyear,anincreaseof3,857.59%,whichwasmainlyduetotheincreaseinthenumberofexpresswaytolldaysinthefirstquarterof2021

increasedby52dayscomparedwiththesameperiodlastyear,andtheprofitoftheCompany’sequityparticipatingexpresswaycompaniesincreased.

4.IncometaxexpensesItincreasedby189.18millionyuanoverthesameperiodlastyear,anincreaseof1,331.81%,whichwasmainlyduetothetotalprofitofeachhighwaysectioncompanyhadincreased.

5.NetprofitattributabletoownersoftheparentcompanyItincreasedby464.89millionyuanoverthesameperiodlastyear,anincreaseof706.62%,whichwasmainlyduetothecombinedeffectsoftheabovefactors.(III)Notesofmainitemsofcashflowstatement

1.CashreceivedfromthesaleofgoodsandtheprovisionoflaborservicesItincreasedby828.09millionyuaninthecurrentperiod,anincreaseof205.31%YOY,whichwasmainlyduetotheYOYincreaseintollrevenueinthecurrentperiod.

2.OthercashrelatedtooperatingactivitiesreceivedItdecreasedby42.97millionyuanoradecreaseof48.55%YOYinthecurrentperiod,whichwasmainlydueto:FokaiBranch,GuangfoExpresswayCo.,Ltd,JingzhuExpresswayGuangzhuSectionCompanyandGuangdongGuanghuiExpresswayCo.,Ltdreceivedthe55.85millionyuaninsubsidiesfromprovincialtollstations’abolishment.

3.VarioustaxesandfeespaidItincreasedby55.93millionyuaninthecurrentperiod,anincreaseof35.22%YOY,whichwasmainlyduetotheincreaseinvarioustaxesandfeespayableastheincreaseintollincome.

4.CashreceivedfrominvestmentrecoveryItincreasedby20millionyuaninthecurrentperiod,anincreaseof800.00%YOY,whichwasmainlyduetothereceiptofcapitalreductionfundsfromtheGanzhouGankangExpresswayCo.,Ltd-ashare-participatingsubsidiaryoftheCompany.

5.CashreceivedfrominvestmentincomeItdecreasedby5.2millionyuaninthecurrentperiod,adecreaseof77.62%YOY,asthecashdividendreceivedbytheCompanyduringthecurrentperioddecreasedYOY.

6.Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassetsItdecreasedby66.16millionyuaninthecurrentperiod,adecreaseof38.18%YOY,whichwasmainlydueto:ThereconstructionandexpansionprojectofthesouthsectionofFokaiexpresswayhasbeenopenedtotraffic

andturnedintofixedassets;andthepavementtreatmentprojectofGuangzhusectionhasbeenbasicallycompleted.Theprogresspaymentoftheprojectinthisperiodhasbeenreduced..

7.CashpaidfordebtrepaymentItdecreasedby402.57millionyuaninthecurrentperiod,adecreaseof64.40%YOY,Themainreasonsare:

theparentcompanypaidback375millionyuanofthePacificbondguaranteefundinthesameperiodoflastyear.

8.Cashpaidforthedistributionofdividends,profitsorinterestpaymentsItincreasedby155.8millionyuaninthecurrentperiod,anincreaseof133.32%YOY,whichwasmainlyduetotheimpactoftheepidemicinthesameperiodoflastyear,thebankagreedtopostponetheinterestpaymentuntiltheendoftheyear,andtheinterestpaymentinthecurrentperiodincreasedyearonyear..

9.OthercashpaidrelatedtofinancingactivitiesItincreasedby1,221.87millionyuaninthecurrentperiod,anincreaseof162,915.49%YOY,whichwasmainlyduetothe"AgreementbetweenGuangdongProvincialExpresswayDevelopmentCo.,LtdandGuangdongProvincialExpresswayCo.,Ltdonthepaymentofcashtopurchase21%ofthesharesofGuangdongGuanghuiExpresswayCo.,Ltd.",theCompanypaidthesecondphaseofequitytransferamounttoGuangdongProvincial

FreewayCo.,Ltd.inJanuary.

II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.

□Applicable√Notapplicable

Progressintheimplementationofsharerepurchase

□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding

□Applicable√NotapplicableIII.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod

□Applicable√NotapplicableThecompanyhasnocommitmentscompletedinperiodandthosewithoutcompletedtilllendoftheperiodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies.

IV.Financialassetinvestment

1.Investmentinsecurities

√Applicable□Notapplicable

InRMB

SecuritycategorySecuritycodeStockAbbreviation:InitialinvestmentcostModeofaccountingmeasurementBookvaluebalanceatthebeginningofthereportingperiodChangesinfairvalueofthethisperiodCumulativefairvaluechangesinequityPurchaseamountinthethisperiodSaleamountinthethisperiodGain/lossofthereportingperiodBookvaluebalanceattheendofthereportingperiodAccountingitemsSourceoftheshares
Domesticandforeignstocks601818ChinaEverbrightBank517,560,876.80FVM938,667,226.560.00442,279,294.720.000.000.00959,840,171.52InvestmentinotherequityinstrumentsSelffund
Total517,560,876.80--938,667,226.560.00442,279,294.720.000.000.00959,840,171.52----
DisclosuredateforthenoticeofapprovalbytheBoard(Ifany)July22,2009
Disclosuredateforthenoticeofapprovalbyshareholders’Meeting(Ifany)August7,2009

2.Investmentinderivatives

□Applicable√NotapplicableThereisnoderivativeinvestmentduringthereportperiod.V.Progressofinvestmentprojectswithraisedfunds

□Applicable√Notapplicable

VI.PredictionoftheperformancesfromJanuarytoJune2021Estimationonaccumulativenetprofitfromthebeginningoftheyeartotheendofnextreportperiodtobelossprobablyorthewarningofitsmaterialchangecomparedwiththecorrespondingperiodofthelastyearandexplanationonreason

√Applicable□Notapplicable

Estimatedearnings:Year-on-YearincreaseDatatypefilledintheperformanceforecast:Intervalnumber

FromthebeginningoftheyeartotheendofthenextreportingperiodSameperiodofthepreviousyear(Afteradjustment)Increase/Decrease(%)(Afteradjustment)Sameperiodofthepreviousyear(Beforeadjustment)Increase/Decrease(%)(Afteradjustment)
Netprofitattributabletotheshareholdersofthelistedcompany(RMB10,000)71,663.39--105,387.332,461.43Increase2,811.45%--4,181.55%-583.03Increase12,391.63%--18,175.93%
Basicearningpershare(Yuan/Share)0.34--0.500.01Increase3,300.00%--4,900.00%-0.003Increase11,433.33%--16,766.67%
Noteonperformanceforecasts1.Thebusinessperformanceofthesameperiodofthepreviousyear(beforeadjustment)intheabovetablewasthedatadisclosedinthe1sthalfof2020thatwasbeforethemajorassetrestructuringcarriedoutbythecompany;thedataofthesameperiodofthepreviousyear(afteradjustment)wasdoneaftertheretrospectionandrestatementforthe1sthalfof2020financialdataofthesameperiodinthepreviousyear,accordingtotherelevantcorporatemergerulesunderthecommoncontrol.2.In2020,Thesuddennewcoronavirusepidemic(hereinafterreferredtoasthe"epidemic"),thefirst-levelresponsetonationwideemergencywaslaunched,andtheoriginaltoll-freeperiodduringtheholidays(January24toJanuary30)-legalSpringFestivalwasextendedtoFebruary8,AccordingtotherelevantregulationsoftheMinistryofTransport,From0:00onFebruary17,2020to24:00OnMay5,2020thetollfeesforvehiclesonroadsacrossthecountrypreviouslytollchargedshallbeexempted.Thispolicyresultedinadecreaseinthecompany'soperatingincomeforthe1sthalfof2020.Inthe1sthalfof2021,thenumberoftolldaysthecompanyparticipatedintheholdingexpresswayincreasedYOY,andthecompany'soperatingincomeandinvestmentincomeincreased.

VII.Majorcontractsfordailyoperations

□Applicable√NotapplicableVIII.EntrustedFinancialManagement

□Applicable√NotapplicableThereisnoEntrustedFinancialManagementduringthereportperiod.IX.Externalguaranteegetoutofline

□Applicable√NotapplicableTheCompanyhasnoexternalguaranteegetoutofthelineinthePeriodX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany

□Applicable√NotapplicableTherearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod

XI.Theregistrationformofacceptanceofinvestigation,communicationandinterviewinthereportperiodforfuturereference

√Applicable□Notapplicable

ReceptiontimePlaceofreceptionWayofreceptionTypesofvisitorsreceivedVisitorsreceivedMaincontentsdiscussedandinformationprovidedIndexofBasicInformationontheInvestigationandSurvey
March26,2021MeetingRoomoftheCompanyByPhoneOrganizationZhejiangSecuritiesTelephoneResearchAssociation:KuangPeiqin,ZhejiangSecurities;FengSiqiZhejiangSecurities;LiuPeiyiHuaxiaFund;YaoShuang,ChinaMerchantsFund;HeJinyang,InvescoGreatWallFund;LinShenglan,DanshuiInvestment;HongMei,XingshiInvesment;GuoZhe,Easternself-employed;LinXiaying,HuataiSecurities;YinJiaqi,GuotaiJunan;LuoYuejiang,HaitongSecurities;ZhangYibo,ChangjiangSecurities;FengQibin,ChangjiangSecurities;LiChengpeng,HuaxiSecurities.1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:PublicinformationcompanyregularlyreportsInvestorRelationsActivityRecordMarch26,2021(2021001)www.cninfo.com.cn

IV.FinancialStatementI.Financialstatement

1.ConsolidatedbalancesheetPreparedby:GuangdongProvincialExpresswayDevelopmentCo.,Ltd.

March31,2021

ItemsMarch31,2021December31,2020
Currentasset:
Monetaryfund3,123,156,071.042,847,398,003.89
Settlementprovision
Outgoingcallloan
Transactionalfinancialassets
Derivativefinancialassets
Notesreceivable
Accountreceivable216,803,564.01168,907,517.56
Financingreceivable
Prepayments3,945,681.833,607,538.01
Insurancereceivable
Reinsurancereceivable
ProvisionsofReinsurancecontractsreceivable
Otheraccountreceivable38,678,576.2960,925,367.64
Including:Interestreceivable
Dividendreceivable1,205,472.902,705,472.90
Otheraccountreceivable37,473,103.3958,219,894.74
Repurchasingoffinancialassets
Inventories178,097.3453,761.06
Contractassets5,407,716.905,452,813.90
Assetsheldforsales
Non-currentassetduewithin1year51,745.3251,745.32
Othercurrentasset205,436.5127,051.69
Totalofcurrentassets3,388,426,889.243,086,423,799.07
Non-currentassets:
Loansandpaymentonother’sbehalfdisbursed
ItemsMarch31,2021December31,2020
Creditor'sInvestment
OtherCreditor'sInvestment
Long-termreceivable
Longtermshareequityinvestment2,436,142,526.332,382,381,165.60
Otherequityinstrumentsinvestment1,758,188,473.251,737,015,528.29
Othernon-currentfinancialassets
Propertyinvestment3,055,102.273,110,381.89
Fixedassets11,202,817,589.9511,540,075,929.69
Including:Fixedassets11,202,817,589.9511,540,075,929.69
Liquidationoffixedassets
Constructioninprogress409,556,230.30340,611,095.47
Including:Constructioninprogress409,556,230.30340,611,095.47
Constructionmaterials
Productionphysicalassets
Oil&gasassets
Userightassets21,212,197.66Notapplicable
Intangibleassets292,781,789.32302,381,356.52
Developmentexpenses
Goodwill
Long-germexpensestobeamortized2,366,718.753,462,122.00
Deferredincometaxasset306,850,158.96330,755,418.39
Othernon-currentasset17,804,369.4522,361,861.19
Totalofnon-currentassets16,450,775,156.2416,662,154,859.04
Totalofassets19,839,202,045.4819,748,578,658.11
Currentliabilities
Short-termloans200,192,500.00200,192,500.00
LoanfromCentralBank
Borrowingfunds
Transactionalfinancialliabilities
Derivativefinancialliabilities
Notespayable
Accountpayable302,316,914.90369,773,342.71
Advancereceipts11,111,216.6011,309,007.41
ItemsMarch31,2021December31,2020
Contractliabilities309,734.51309,734.51
Sellingofrepurchasedfinancialassets
Deposittakingandinterbankdeposit
Entrustedtradingofsecurities
Entrustedsellingofsecurities
Employees’wagepayable17,501,125.6816,726,198.13
Taxpayable201,326,722.77217,748,392.78
Otheraccountpayable275,259,174.561,512,619,359.78
Including:Interestpayable
Dividendpayable22,260,485.3722,262,804.39
Otherpayable252,998,689.191,490,356,555.39
Feesandcommissionspayable
Reinsurancefeepayable
Liabilitiesheldforsales
Non-currentliabilityduewithin1year173,180,082.32266,328,017.47
Othercurrentliability1,020,874.08648,581.64
Totalofcurrentliability1,182,218,345.422,595,655,134.43
Non-currentliabilities:
Reservefundforinsurancecontracts
Long-termloan6,002,013,800.004,977,438,800.00
Bondpayable1,426,720,543.481,426,488,336.65
Including:preferredstock
Sustainabledebt
Leaseliability19,665,747.30Notapplicable
Long-termpayable3,461,832.7440,406,172.37
Including:Long-termpayable3,461,832.7440,406,172.37
Specialaccountspayable
Long-termremunerationpayabletostaff
Expectedliabilities
ItemsMarch31,2021December31,2020
Deferredincome84,184,950.5289,170,569.64
Deferredincometaxliability385,350,675.80387,103,060.74
Othernon-currentliabilities
Totalnon-currentliabilities7,921,397,549.846,920,606,939.40
Totalofliability9,103,615,895.269,516,262,073.83
Owners’equity
Sharecapital2,090,806,126.002,090,806,126.00
Otherequityinstruments
Including:preferredstock
Sustainabledebt
Capitalreserves676,937,614.08645,969,210.48
Less:Sharesinstock
Othercomprehensiveincome318,829,104.33302,895,877.65
Specialreserve
Surplusreserves1,167,785,965.631,167,785,965.63
Commonriskprovision
Retainedprofit4,124,345,626.193,725,679,319.35
Totalofowner’sequitybelongtotheparentcompany8,378,704,436.237,933,136,499.11
Minorityshareholders’equity2,356,881,713.992,299,180,085.17
Totalofowners’equity10,735,586,150.2210,232,316,584.28
Totalofliabilitiesandowners’equity19,839,202,045.4819,748,578,658.11

LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting:LuMingAccountingDeptLeader:ZhouFang

2.ParentCompanyBalanceSheet

InRMB

ItemsMarch31,2021December31,2020
Currentasset:
Monetaryfund2,092,076,619.451,781,764,519.09
Transactionalfinancialassets
Derivativefinancialassets
Notesreceivable
Accountreceivable32,988,950.9327,004,827.41
Financingreceivable
Prepayments1,404,802.002,181,215.03
Otheraccountreceivable30,589,927.6254,148,114.53
Including:Interestreceivable
Dividendreceivable1,205,472.902,705,472.90
Otheraccountreceivable29,384,454.7251,442,641.63
Inventories
Contractassets
Assetsheldforsales
Non-currentassetduewithin1year261,477,446.44256,279,340.60
Othercurrentasset205,436.5127,051.69
Totalofcurrentassets2,418,743,182.952,121,405,068.35
Non-currentassets:
Creditor'srightinvestment277,903,684.98287,903,684.98
OtherCreditor'srightinvestment
Long-termreceivable
Longtermshareequityinvestment5,607,667,220.995,529,362,536.53
Otherequityinstrumentsinvestment1,758,188,473.251,737,015,528.29
Othernon-currentfinancialassets
Propertyinvestment2,802,964.022,858,243.64
Fixedassets6,071,703,906.466,245,462,940.39
Including:Fixedassets6,071,703,906.466,245,462,940.39
Liquidationoffixedassets
Constructioninprogress46,283,986.1843,086,545.58
Including:Constructioninprogress46,283,986.1843,086,545.58
ItemsMarch31,2021December31,2020
Constructionmaterias
Productionphysicalassets
Oil&gasassets
Userightassets19,768,377.85
Intangibleassets147,247,855.39150,582,241.22
Developmentexpenses
Goodwill
Long-germexpensestobeamortized
Deferredincometaxasset298,851,931.62322,365,911.10
Othernon-currentasset8,038,963.077,089,990.48
Totalofnon-currentassets14,238,457,363.8114,325,727,622.21
Totalofassets16,657,200,546.7616,447,132,690.56
Currentliabilities
Short-termloans200,192,500.00200,192,500.00
Transactionalfinancialliabilities
Derivativefinancialliabilities
Notespayable
Accountpayable108,272,985.52105,919,984.52
Advancereceipts
ContractLiabilities
Employees’wagepayable6,172,906.206,472,802.81
Taxpayable5,501,677.059,165,801.86
Otheraccountpayable179,679,339.021,431,814,861.38
Including:Interestpayable
Dividendpayable22,260,485.3722,262,804.39
Otheraccountpayable157,418,853.651,409,552,056.99
Liabilitiesheldforsales
Non-currentliabilityduewithin1year104,734,806.45190,331,701.48
Othercurrentliability753,235,424.75539,618,124.00
Totalofcurrentliability1,357,789,638.992,483,515,776.05
Non-currentliabilities:
Long-termloan5,448,063,800.004,389,653,800.00
ItemsMarch31,2021December31,2020
Bondpayable1,426,720,543.481,426,488,336.65
Including:preferredstock
Sustainabledebt
Leaseliability19,182,760.52Notapplicable
Long-termpayable3,461,832.7440,406,172.37
Including:Long-termpayable3,461,832.7440,406,172.37
Specialaccountspayable
Long-termremunerationpayabletostaff
Expectedliabilities
Deferredincome12,582,715.2513,403,327.12
Deferredincometaxliability110,930,999.36105,636,866.50
Othernon-currentliabilities
Totalnon-currentliabilities7,020,942,651.355,975,588,502.64
Totalofliability8,378,732,290.348,459,104,278.69
Owners’equity
Sharecapital2,090,806,126.002,090,806,126.00
Otherequityinstruments
Including:preferredstock
Sustainabledebt
Capitalreserves938,969,546.79938,969,546.79
Less:Sharesinstock
Othercomprehensiveincome318,829,104.33302,895,877.65
Specialreserve
Surplusreserves987,813,698.07987,813,698.07
Retainedprofit3,942,049,781.233,667,543,163.36
Totalofowners’equity8,278,468,256.427,988,028,411.87
Totalofliabilitiesandowners’equity16,657,200,546.7616,447,132,690.56

LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting:LuMingAccountingDeptLeader:ZhouFang

3.ConsolidatedIncomestatement

InRMB

ItemsAmountinthisperiodAmountinlastperiod
I.Incomefromthekeybusiness1,257,975,487.27354,680,507.03
Incl:Businessincome1,257,975,487.27354,680,507.03
Interestincome
Insurancefeeearned
Feeandcommissionreceived
II.Totalbusinesscost570,136,785.32429,194,827.40
Incl:Businesscost453,933,058.22326,587,735.13
Interestexpense
Feeandcommissionpaid
Insurancedischargepayment
Netclaimamountpaid
Netamountofwithdrawalofinsurancecontractreserve
Insurancepolicydividendpaid
Reinsuranceexpenses
Businesstaxandsurcharge5,050,365.542,021,737.28
Salesexpense
Administrativeexpense46,769,450.5339,030,434.80
R&Dcosts
Financialexpenses64,383,911.0361,554,920.19
Including:Interestexpense75,370,473.3768,721,795.87
Interestincome11,272,327.507,988,119.51
Add:Otherincome6,205,194.911,678,147.16
Investmentgain(“-”forloss)54,141,702.191,368,048.23
Incl:investmentgainsfromaffiliates54,141,702.19-888,526.62
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome
Gainsfromcurrencyexchange
Netexposurehedgingincome
Changingincomeoffairvalue
ItemsAmountinthisperiodAmountinlastperiod
Creditimpairmentloss
Impairmentlossofassets
Assetsdisposalincome4.37
III.Operationalprofit(“-”forloss)748,185,599.05-71,468,120.61
Add:Non-operationalincome1,052,152.873,047,414.52
Less:Non-operatingexpense210,590.33169,083.98
IV.Totalprofit(“-”forloss)749,027,161.59-68,589,790.07
Less:Incometaxexpenses174,979,322.91-14,205,040.44
V.Netprofit574,047,838.68-54,384,749.63
(I)Classificationbybusinesscontinuity
1.Netcontinuingoperatingprofit574,047,838.68-54,384,749.63
2.Terminationofoperatingnetprofit
(II)Classificationbyownership
1.Netprofitattributabletotheownersofparentcompany399,100,166.26-65,790,927.23
2.Minorityshareholders’equity174,947,672.4211,406,177.60
VI.Netafter-taxofothercomprehensiveincome15,933,226.68-136,431,142.69
Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany.15,933,226.68-136,431,142.69
(I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod15,879,708.72-141,152,966.40
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.
3.Changesinthefairvalueofinvestmentsinotherequityinstruments15,879,708.72-141,152,966.40
4.Changesinthefairvalueofthecompany’screditrisks
ItemsAmountinthisperiodAmountinlastperiod
5.Other
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss.53,517.964,721,823.71
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss.53,517.964,721,823.71
2.Changesinthefairvalueofinvestmentsinotherdebtobligations
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations
5.Reserveforcashflowhedges
6.Translationdifferencesincurrencyfinancialstatements
7.Other
NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity
VII.Totalcomprehensiveincome589,981,065.36-190,815,892.32
Totalcomprehensiveincomeattributabletotheowneroftheparentcompany415,033,392.94-202,222,069.92
Totalcomprehensiveincomeattributableminorityshareholders174,947,672.4211,406,177.60
VIII.Earningspershare
(I)Basicearningspershare0.19-0.03
(II)Dilutedearningspershare0.19-0.03

Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting:LuMingAccountingDeptLeader:ZhouFang

4.IncomestatementoftheParentCompany

InRMB

ItemsAmountinthisperiodAmountinlastperiod
I.Incomefromthekeybusiness363,024,875.6496,834,013.49
Incl:Businesscost195,651,672.79138,349,439.05
Businesstaxandsurcharge1,905,294.74982,137.56
Salesexpense
Administrativeexpense22,946,844.9819,008,010.33
R&Dexpense
Financialexpenses62,233,471.5857,156,264.13
Including:Interestexpenses72,356,582.1764,517,846.96
Interestincome10,369,222.627,384,203.28
Add:Otherincome1,295,831.52251,296.73
Investmentgain(“-”forloss)216,505,664.3018,442,347.73
Including:investmentgainsfromaffiliates53,685,025.925,259,044.40
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome
Netexposurehedgingincome
Changingincomeoffairvalue
Creditimpairmentloss
Impairmentlossofassets
Assetsdisposalincome4.37
II.Operationalprofit(“-”forloss)298,089,087.37-99,968,188.75
Add:Non-operationalincome366,266.0267,487.91
Less:Non-operationalexpenses101,882.97
III.Totalprofit(“-”forloss)298,455,353.39-100,002,583.81
Less:Incometaxexpenses23,514,876.10-26,425,570.81
IV.Netprofit274,940,477.29-73,577,013.00
1.Netcontinuingoperatingprofit274,940,477.29-73,577,013.00
2.Terminationofoperatingnetprofit
V.Netafter-taxofothercomprehensiveincome15,933,226.68-136,431,142.69
(I)Othercomprehensiveincome15,879,708.72-141,152,966.40
ItemsAmountinthisperiodAmountinlastperiod
itemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss.
3.Changesinthefairvalueofinvestmentsinotherequityinstruments15,879,708.72-141,152,966.40
4.Changesinthefairvalueofthecompany’screditrisks
5.Other
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss53,517.964,721,823.71
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss.53,517.964,721,823.71
2.Changesinthefairvalueofinvestmentsinotherdebtobligations
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations
5.Reserveforcashflowhedges
6.Translationdifferencesincurrencyfinancialstatements
7.Other
VI.Totalcomprehensiveincome290,873,703.97-210,008,155.69
VII.Earningspershare
(I)Basicearningspershare
(II)Dilutedearningspershare

LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting:LuMingAccountingDeptLeader:ZhouFang

5.ConsolidatedCashflowstatement

InRMB

ItemsAmountinthisperiodAmountinlastperiod
I.Cashflowsfromoperatingactivities
Cashreceivedfromsalesofgoodsorrendingofservices1,231,428,067.53403,334,741.11
Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany
Netincreaseofloansfromcentralbank
Netincreaseofinter-bankloansfromotherfinancialbodies
Cashreceivedagainstoriginalinsurancecontract
Netcashreceivedfromreinsurancebusiness
Netincreaseofclientdepositandinvestment
Cashreceivedfrominterest,commissionchargeandcommission
Netincreaseofinter-bankfundreceived
Netincreaseofrepurchasingbusiness
Netcashreceivedbyagentinsecuritiestrading
Taxreturned
Othercashreceivedfrombusinessoperation45,538,110.7488,510,929.16
Sub-totalofcashinflow1,276,966,178.27491,845,670.27
ItemsAmountinthisperiodAmountinlastperiod
Cashpaidforpurchasingofmerchandiseandservices90,798,153.1571,858,890.83
Netincreaseofclienttradeandadvance
Netincreaseofsavingsincentralbankandbrothercompany
Cashpaidfororiginalcontractclaim
NetincreaseforOutgoingcallloan
Cashpaidforinterest,processingfeeandcommission
Cashpaidforpolicydividend
Cashpaidtostaffsorpaidforstaffs102,471,251.7287,989,063.42
Taxespaid214,739,144.18158,804,182.91
Othercashpaidforbusinessactivities19,937,088.889,306,858.74
Sub-totalofcashoutflowfrombusinessactivities427,945,637.93327,958,995.90
Netcashgeneratedfrom/usedinoperatingactivities849,020,540.34163,886,674.37
II.Cashflowgeneratedbyinvesting
Cashreceivedfrominvestmentretrieving22,500,000.002,500,000.00
Cashreceivedasinvestmentgains1,500,000.006,702,526.90
Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets7,300.006,300.00
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits
Otherinvestment-relatedcashreceived
Sub-totalofcashinflowduetoinvestmentactivities24,007,300.009,208,826.90
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets107,120,724.56173,285,117.84
Cashpaidasinvestment2,500,000.00
Netincreaseofloanagainstpledge
ItemsAmountinthisperiodAmountinlastperiod
Netcashreceivedfromsubsidiariesandotheroperationalunits
Othercashpaidforinvestmentactivities
Sub-totalofcashoutflowduetoinvestmentactivities107,120,724.56175,785,117.84
Netcashflowgeneratedbyinvestment-83,113,424.56-166,576,290.94
III.Cashflowgeneratedbyfinancing
Cashreceivedasinvestment
Including:Cashreceivedasinvestmentfromminorshareholders
Cashreceivedasloans1,166,930,000.001,060,000,000.00
Otherfinancing–relatedcashreceived60,722,360.0013,180,600.00
Sub-totalofcashinflowfromfinancingactivities1,227,652,360.001,073,180,600.00
Cashtorepaydebts222,535,000.00625,100,000.00
Cashpaidasdividend,profit,orinterests272,650,246.88116,855,056.95
Including:Dividendandprofitpaidbysubsidiariestominorshareholders147,000,000.0040,369,392.46
Othercashpaidforfinancingactivities1,222,616,161.75750,000.00
Sub-totalofcashoutflowduetofinancingactivities1,717,801,408.63742,705,056.95
Netcashflowgeneratedbyfinancing-490,149,048.63330,475,543.05
IV.Influenceofexchangeratealternationoncashandcashequivalents
V.Netincreaseofcashandcashequivalents275,758,067.15327,785,926.48
Add:balanceofcashandcashequivalentsatthebeginningofterm2,846,176,803.893,052,977,164.15
VI..Balanceofcashandcashequivalentsattheendofterm3,121,934,871.043,380,763,090.63

LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting:LuMingAccountingDeptLeader:ZhouFang

6.CashFlowStatementoftheParentCompany

InRMB

ItemsAmountinthisperiodAmountinlastperiod
I.Cashflowsfromoperatingactivities
Cashreceivedfromsalesofgoodsorrendingofservices366,616,254.19113,507,357.25
Taxreturned
Othercashreceivedfrombusinessoperation252,174,679.4786,723,417.53
Sub-totalofcashinflow618,790,933.66200,230,774.78
Cashpaidforpurchasingofmerchandiseandservices3,368,975.063,452,081.46
Cashpaidtostaffsorpaidforstaffs32,576,497.8526,023,676.00
Taxespaid15,318,003.359,893,866.80
Othercashpaidforbusinessactivities34,425,290.2830,499,503.45
Sub-totalofcashoutflowfrombusinessactivities85,688,766.5469,869,127.71
Netcashgeneratedfrom/usedinoperatingactivities533,102,167.12130,361,647.07
II.Cashflowgeneratedbyinvesting
Cashreceivedfrominvestmentretrieving37,500,000.00
Cashreceivedasinvestmentgains154,711,770.8431,318,703.34
Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets6,300.00
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits
Otherinvestment-relatedcashreceived
ItemsAmountinthisperiodAmountinlastperiod
Sub-totalofcashinflowduetoinvestmentactivities192,211,770.8431,325,003.34
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets34,226,195.85104,578,459.51
Cashpaidasinvestment1,246,839,292.00
Netcashreceivedfromsubsidiariesandotheroperationalunits
Othercashpaidforinvestmentactivities
Sub-totalofcashoutflowduetoinvestmentactivities1,281,065,487.85104,578,459.51
Netcashflowgeneratedbyinvestment-1,088,853,717.01-73,253,456.17
III.Cashflowgeneratedbyfinancing
Cashreceivedasinvestment
Cashreceivedasloans1,166,930,000.001,000,000,000.00
Otherfinancing–relatedashreceived
Sub-totalofcashinflowfromfinancingactivities1,166,930,000.001,000,000,000.00
Cashtorepaydebts181,200,000.00625,100,000.00
Cashpaidasdividend,profit,orinterests118,889,480.0059,022,402.54
Othercashpaidforfinancingactivities776,869.75750,000.00
Sub-totalofcashoutflowduetofinancingactivities300,866,349.75684,872,402.54
Netcashflowgeneratedbyfinancing866,063,650.25315,127,597.46
IV.Influenceofexchangeratealternationoncashandcashequivalents
V.Netincreaseofcashandcashequivalents310,312,100.36372,235,788.36
Add:balanceofcashandcashequivalentsatthebeginningofterm1,780,543,319.092,790,163,301.78
VI..Balanceofcashandcashequivalentsattheendofterm2,090,855,419.453,162,399,090.14

LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting:LuMingAccountingDeptLeader:ZhouFangIIAdjustmentstotheFinancialStatements

1.Adjustmentoftherelevantitemsofthefinancialstatementsatthecurrentyearbeginningaccordingtothenewstandardsforfinancialinstruments,thenewstandardsforrevenuesandthenewstandardsforleaseimplementedcommencingfromyear2021

√Applicable□Notapplicable

Whethertoadjustthebalancesheetaccountatthebeginningoftheyear

√Yes□No

Consolidatedbalancesheet

InRMB

ItemsDecember31,2020January1,2021Adjustments
Currentasset:
Monetaryfund2,847,398,003.892,847,398,003.89
Accountreceivable168,907,517.56168,907,517.56
Prepayments3,607,538.012,831,124.98-776,413.03
Otheraccountreceivable60,925,367.6460,925,367.64
Dividendreceivable2,705,472.902,705,472.90
Otheraccountreceivable58,219,894.7458,219,894.74
Inventories53,761.0653,761.06
Contractassets5,452,813.905,452,813.90
Non-currentassetduewithin1year51,745.3251,745.32
Othercurrentassets27,051.6927,051.69
Totalofcurrentassets3,086,423,799.073,085,647,386.04-776,413.03
Non-currentassets:
Long-termequityinvestment2,382,381,165.602,381,947,306.18-433,859.42
Otherequityinstruments1,737,015,528.291,737,015,528.29
ItemsDecember31,2020January1,2021Adjustments
investment
Propertyinvestment3,110,381.893,110,381.89
Fixedassets11,540,075,929.6911,540,075,929.69
Constructioninprogress340,611,095.47340,611,095.47
UserightassetsNotapplicable23,154,055.7823,154,055.78
Intangibleassets302,381,356.52302,381,356.52
Long-termexpensestobeamortized3,462,122.002,454,375.00-1,007,747.00
Deferredtaxassets330,755,418.39330,755,418.39
Othernon-currentasset22,361,861.1922,361,861.19
Totalofnon-currentassets16,662,154,859.0416,683,867,308.4021,712,449.36
Totalofassets19,748,578,658.1119,769,514,694.4420,936,036.33
Currentliabilities
Short-termloans200,192,500.00200,192,500.00
Accountpayable369,773,342.71369,773,342.71
Advancepayment11,309,007.4111,309,007.41
Contractliabilities309,734.51309,734.51
Employees’wagepayable16,726,198.1316,726,198.13
Taxpayable217,748,392.78217,748,392.78
Otheraccountpayable1,512,619,359.781,512,619,359.78
Dividendpayable22,262,804.3922,262,804.39
Otheraccountpayable1,490,356,555.391,490,356,555.39
Non-currentliabilityduewithin1year266,328,017.47266,328,017.47
Othercurrentliability648,581.64648,581.64
Totalofcurrentliability2,595,655,134.432,595,655,134.43
Non-currentliabilities:
Long-termloan4,977,438,800.004,977,438,800.00
Bondpayable1,426,488,336.651,426,488,336.65
LeaseliabilityNotapplicable21,369,895.7521,369,895.75
Long-termpayable40,406,172.3740,406,172.37
Deferredincome89,170,569.6489,170,569.64
Deferredincometaxliabilities387,103,060.74387,103,060.74
ItemsDecember31,2020January1,2021Adjustments
Totalofcurrentliability6,920,606,939.406,941,976,835.1521,369,895.75
Totalofliabilities9,516,262,073.839,537,631,969.5821,369,895.75
Owners’equity
Sharecapital2,090,806,126.002,090,806,126.00
Capitalreserves645,969,210.48645,969,210.48
Othercomprehensiveincome302,895,877.65302,895,877.65
Surplusreserves1,167,785,965.631,167,785,965.63
Retainedprofit3,725,679,319.353,725,245,459.93-433,859.42
Totalofowner’sequitybelongtotheparentcompany7,933,136,499.117,932,702,639.69-433,859.42
Minorityshareholders’equity2,299,180,085.172,299,180,085.17
Totalofowners’equity10,232,316,584.2810,231,882,724.86-433,859.42
Totalofliabilitiesandowners’equity19,748,578,658.1119,769,514,694.4420,936,036.33

AdjustmentstatementOnDecember7,2018,theMinistryofFinanceissuedthenoticeonrevisingandprintingtheaccountingstandardsforBusinessEnterprisesNo.21-leasing(CK[2018]No.35).Throughtheresolutionofthe16thmeetingofthe9thboardofdirectorsofthecompanyonMarch26,2021,thecompanybegantoimplementtheabove-mentionednewleasecriteriafromJanuary1,2021.Inthisaccountingpolicychange,thecompanyadjuststheamountofretainedearningsatthebeginningoftheperiodandotherrelevantitemsinthefinancialstatementsaccordingtothecumulativeimpactofthefirstimplementationofthestandard.ParentCompanyBalanceSheet

InRMB

ItemsDecember31,2020January1,2021Adjustments
Currentasset:
Monetaryfund1,781,764,519.091,781,764,519.09
Accountpayable27,004,827.4127,004,827.41
Prepayments2,181,215.031,404,802.00-776,413.03
Otheraccountreceivable54,148,114.5354,148,114.53
Dividendreceivable2,705,472.902,705,472.90
Otheraccountreceivable58,219,894.7458,219,894.74
Non-currentassetdue256,279,340.60256,279,340.60
ItemsDecember31,2020January1,2021Adjustments
within1year
Othercurrentassets27,051.6927,051.69
Totalofcurrentassets2,121,405,068.352,120,628,655.32-776,413.03
Non-currentassets:
Creditor'srightsinvestment287,903,684.98287,903,684.98
Longtermshareequityinvestment5,529,362,536.535,528,928,677.11-433,859.42
Otherequityinstrumentsinvestment1,737,015,528.291,737,015,528.29
Propertyinvestment2,858,243.642,858,243.64
Fixedassets6,245,462,940.396,245,462,940.39
Constructioninprogress43,086,545.5843,086,545.58
UserightassetsNotapplicable21,927,040.9921,927,040.99
Intangibleassets150,582,241.22150,582,241.22
Deferredtaxassets322,365,911.10322,365,911.10
Othernon-currentasset7,089,990.487,089,990.48
Totalofnon-currentassets14,325,727,622.2114,347,220,803.7821,493,181.57
Totalofassets16,447,132,690.5616,467,849,459.1020,716,768.54
Currentliabilities
Short-termloans200,192,500.00200,192,500.00
Accountpayable105,919,984.52105,919,984.52
Employees’wagepayable6,472,802.816,472,802.81
Taxpayable9,165,801.869,165,801.86
Otheraccountpayable1,431,814,861.381,431,814,861.38
Dividendpayable22,262,804.3922,262,804.39
Otheraccountpayable1,409,552,056.991,409,552,056.99
Non-currentliabilityduewithin1year190,331,701.48190,331,701.48
Othercurrentliability539,618,124.00539,618,124.00
Totalofcurrentliability2,483,515,776.052,483,515,776.05
Non-currentliabilities:
Long-termloan4,389,653,800.004,389,653,800.00
Bondpayable1,426,488,336.651,426,488,336.65
ItemsDecember31,2020January1,2021Adjustments
Long-termpayable40,406,172.3740,406,172.37
LeaseliabilitiesNotapplicable21,150,627.9621,150,627.96
Deferredincomet13,403,327.1213,403,327.12
Deferredincometaxliability105,636,866.50105,636,866.50
TotalofNon-currentliabilities5,975,588,502.645,996,739,130.6021,150,627.96
Totalofliability8,459,104,278.698,480,254,906.6521,150,627.96
Owners’equity
Sharecapital2,090,806,126.002,090,806,126.00
Capitalreserves938,969,546.79938,969,546.79
Othercomprehensiveincome302,895,877.65302,895,877.65
Surplusreserves987,813,698.07987,813,698.07
Retainedprofit3,667,543,163.363,667,109,303.94-433,859.42
Totalofowners’equity7,988,028,411.877,987,594,552.45-433,859.42
Totalofliabilitiesandowners’equity16,447,132,690.5616,467,849,459.1020,716,768.54

AdjustmentstatementOnDecember7,2018,theMinistryofFinanceissuedthenoticeonrevisingandprintingtheaccountingstandardsforBusinessEnterprisesNo.21-leasing(CK[2018]No.35).Throughtheresolutionofthe16thmeetingofthe9thboardofdirectorsofthecompanyonMarch26,2021,thecompanybegantoimplementtheabove-mentionednewleasecriteriafromJanuary1,2021.Inthisaccountingpolicychange,thecompanyadjuststheamountofretainedearningsatthebeginningoftheperiodandotherrelevantitemsinthefinancialstatementsaccordingtothecumulativeimpactofthefirstimplementationofthestandard.

2.Notetotheretroactiveadjustmentofthepreviouscomparativedataaccordingtothenewstandardsforfinancialinstrumentsandthenewstandardsforleaseimplementedcommencingfromyear2021

□Applicable√Notapplicable

III.Auditors’ReportIstheFirstQuarterlyReportbeaudited?

□Yes√NoTheFirstQuarterlyreportisnotaudited.


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