Guangdong Electric Power Development Co., Ltd.
The Third Quarterly Report 2020
October 2020
1 Important notesThe Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of theCompany guarantee that there are no significant omissions, fictitious or misleading statements carried in theQuarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy andcompleteness of the Quarterly Report.Other directors attending the Meeting for Quarterly Report deliberation except for the followed:
| Name of director absent | Title for absent director | Reasons for absent | Attorney |
| Rao Subo | Director | Due to business | Wang Jin |
| Chen Ze | Director | Due to business | Wang Jin |
| Wen Lianhe | Director | Due to business | Zheng Yunpeng |
| Yan Ming | Director | Due to business | Zheng Yunpeng |
| Liang Peilu | Director | Due to business | Li Baobing |
| Mao Qinghan | Director | Due to business | Ma Xiaoqian |
Mr. Wang Jin, Person in charge of the Company, Mr.Liu Wei , Person in charge of accounting works, Mr.MengFei , Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and completeness of thefinancial report enclosed in this report.
II. Basic information about the companyI. Main financial data and indicesIndicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
| As at the end of the reporting period | As at the end of last year | Changed （%）over end of prev. year | ||||
| Gross assets（Yuan） | 81,793,310,492 | 75,472,027,123 | 8.38% | |||
| Net assets attributable to the shareholders of the listed company（Yuan） | 27,099,905,152 | 26,178,241,077 | 3.52% | |||
| Reporting period | Increase/decrease over the same period of last year（%） | Between beginning of the year to the end of the report period | Changed （%）over end of prev. year | |||
| Operating revenue（Yuan） | 8,313,722,282 | -3.85% | 20,853,640,105 | -3.10% | ||
| Net profit attributable to the shareholders of the listed company（Yuan） | 755,703,910 | -0.21% | 1,569,388,405 | 17.22% | ||
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（Yuan） | 753,661,026 | 4.78% | 1,538,203,735 | 17.61% | ||
| Net cash generated from /used in operating activities（Yuan） | 2,470,190,633 | -16.83% | 6,488,412,530 | -4.21% | ||
| Basic earning per share(Yuan/Share) | 0.1439 | -0.21% | 0.2989 | 17.22% | ||
| Diluted gains per share(Yuan/Share) | 0.1439 | -0.21% | 0.2989 | 17.22% | ||
| Weighted average return on equity（%） | 2.83% | -0.35% | 6.09% | 0.67% | ||
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
| Items | Amount (Year-beginning to the end of the report period.) | Notes |
| Non-current asset disposal gain/loss(including the write-off part for which assets impairment provision is made) | 51,176,503 | Yuejia Company liquidated the proceeds from the sale of machinery and equipment. |
| Govemment subsidy recognized in current gain and loss(excluding those closely related to the Company’s business and granted under the state’s policies) | 10,656,170 | Mainly due to Zhenneng Company received unemployment insurance rebate and Guangqian Company received subsidy for stable growth of electricity. |
| Other non-business income and expenditures other than the above | 1,383,385 | |
| Fines and overdue payment fees | -2,784,751 | |
| Non-current assets scrap income | 8,035,492 | Mainly due to the income from scrapped fixed assets of Zhongyue Company and Pinghai Power Plant. |
| Loss of Non-current assets scrapped | -2,265,819 | |
| Less: Amount of influence of income tax | 16,550,245 | |
| Influenced amount of minor shareholders’ equity (after tax) | 18,466,065 | |
| Total | 31,184,670 | -- |
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 oninformation disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses andits non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosurefor Companies offering their securities to the public-non-recurring Gains and losses which have been defined asrecurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/items as defined by the informationdisclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recoveredand the Shares Held by Top Ten Common Shareholders
In shares
| Total number of common shareholders at the period-end | 89,268 | Total preference shareholders with the voting power recovered at the end of the reporting period(if any) | 0 | |||||||
| Shares held by the top 10 shareholders | ||||||||||
| Shareholder name | Properties of shareholder | Share proportion % | Quantity | Amount of tradable shares with Conditional held | Pledging or freezing | |||||
| Status of the shares | Quantity | |||||||||
| Guangdong Energy Group Co., Ltd. | State-owned legal person | 67.39% | 3,538,005,285 | 1,893,342,621 | ||||||
| China Securities Finance Co., Ltd. | State-owned legal person | 2.84% | 148,862,420 | |||||||
| Guangdong Development Group Incorporated | State-owned legal person | 2.22% | 116,693,602 | |||||||
| Guangdong Electric Power Development Corporation | State-owned legal person | 1.80% | 94,367,341 | |||||||
| Li Zhuo | Domestic Natural person | 1.15% | 60,527,911 | |||||||
| Zheng Jianxiang | Domestic Natural person | 0.47% | 24,804,886 | |||||||
| Harbin Hali Industry Co., Ltd. | Domestic Non-State owned legal person | 0.40% | 20,942,945 | |||||||
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | Overseas Legal person | 0.35% | 18,553,952 | |||||||
| CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD | Overseas Legal person | 0.29% | 15,216,066 | |||||||
| Harbin Daoli District Charity Foundation | Domestic Non-State owned legal person | 0.26% | 13,667,406 | |||||||
| Shares held by the Top 10 Shareholders of Non-restricted shares | ||||||||||
| Shareholders’ Names | Number of the non-restricted shares held | Share type | ||||||||
| Share type | Quantity | |||||||||
| Guangdong Energy Group Co., Ltd. | 1,644,662,664 | RMB Common shares | 1,644,662,664 | |||||||
| China Securities Finance Co., Ltd. | 148,862,420 | RMB Common shares | 148,862,420 |
| Guangdong Development Group Incorporated | 116,693,602 | RMB Common shares | 116,693,602 |
| Guangdong Electric Power Development Corporation | 94,367,341 | RMB Common shares | 94,367,341 |
| Li Zhuo | 60,527,911 | RMB Common shares | 60,527,911 |
| Zheng Jianxiang | 24,804,886 | Foreign shares placed in domestic exchange | 24,804,886 |
| Harbin Hali Industry Co., Ltd. | 20,942,945 | RMB Common shares | 2,094,294 |
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | 18,553,952 | Foreign shares placed in domestic exchange | 18,553,952 |
| CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD | 15,216,066 | Foreign shares placed in domestic exchange | 15,216,066 |
| Harbin Daoli District Charity Foundation | 13,667,406 | RMB Common shares | 13,667,406 |
| Explanation on associated relationship or concerted action of the above shareholders | The fourth largest shareholder Guangdong Electric Power Development Corporation is the wholly-owned subsidiaries of the largest shareholder Guangdong Energy Group. These two companies have relationships; whether the other shareholders have relationships or unanimous acting was unknown. | ||
| Explanation on associated relationship or concerted action of the above shareholders | The Fifth largest shareholder Li Zhuo holds 1,125,720 A shares of the Company through A shares ordinary stock account, and holds 59,402,191A shares of the Company through stock account with credit transaction and guarantee. hold 60,527,911 shares of the Company's stock totally. The Seventh largest shareholder Harbin Hali Industry Co., Ltd. holds300 A shares of the Company through A shares ordinary stock account, and holds 20,942,645 A shares of the Company through stock account with credit transaction and guarantee, hold 20,942,945 shares of the Company's stock to The Tenth largest shareholder Harbin Daoli District Charity Foundation holds16,800 A shares of the Company through A shares ordinary stock account, and holds 13,650,606A shares of the Company through stock account with credit transaction and guarantee, hold 13,667,406 shares of the Company's stock totally. | ||
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have abuy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Companyhave no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of thereport period
□ Applicable √Not applicable
III. Significant EventsI. Particular about large-margin change of main accounting statement item and financial index and itsreason.
√ Applicable □ Not applicable
1. In the first three quarters of 2020, the Company completed the combined on-gird power of 51.689 billion kWh,down 1.63% YOY, the average on-grid price in the consolidated statement was 445.76 yuan/thousands kWh(including tax, the same below), up 14.84 yuan/thousands kWh. The cost of fuel for power generation decreased byRMB 1,314,493,800, a decrease of 10.17%. With the continuous improvement of the epidemic prevention andcontrol situation in Guangdong Province and the steady recovery of social and economic operations, the Company'spower production in the third quarter of 2020 was generally stable, and the main cost and expense control effectswere good. With the influence of factors such as coal price falling, the profit margin of the main business wascertainly increased, and the net profit attributable to shareholders of the parent company in the first three quarters of2020 was RMB 1,569,388,400, a year-on-year increase of 17.22%.
2. During the reporting period, the asset impairment losses increased by RMB 111,916,100 YOY, an increase of
232.20%. The main reason was: on the one hand, the #1 unit of Sha A Power Plant was expected to be scrappedbefore the end of this year, with an impairment loss of RMB 60,878,800; on the other hand, the Company’sheadquarter recovered the debt investment fund of RMB 48,197,600 that had been withdrawn for impairment inprevious years.
3. The net non-operating income and expenditure increased by RMB 25,089,900 YOY, an increase of 286.96%. It’smainly because the Company scrapped fixed assets leading to the net non-operating income and expenditureincreased by RMB 22 million yuan YOY.
4. During the reporting period, the corporate income tax expenses increased by RMB 300,222,500 YOY, anincrease of 48.93%. It’s mainly due to the Company's better YOY profit this year, resulting in an increase in incometax expenses.II. The progress of significant events and influence, as well as the analysis and explanation on resolvingproposal.
√ Applicable □ Not applicable
1. During the reporting period, the Company received the Guangdong Provincial Development and ReformCommission's "Notice on Adjusting the On-grid Price of Natural Gas Generation Power in Our Province" (Yue FaGai Price No. 284 - [2020]). In order to promote the healthy development of the natural gas power generationindustry and appropriately reduce the electricity cost of the whole society, the Guangdong Provincial Developmentand Reform Commission had decided to further adjust the on-grid price for natural gas power in our province.According to the Company's preliminary calculations, this adjustment of natural gas power price is expected toaffect from August to December 2020 to reduce revenue by RMB 61.61 million, net profit by RMB 46.21 million,and net profit attributable to parent company by RMB 38.75 million.
2. During the reporting period, Mr. Lin Weifeng, Workers' Supervisor of Guangdong Electric Power DevelopmentCo., Ltd., no longer serves as workers' supervisor of the Company due to job changes, but still serves as the headof the finance department at Shajiao A Power Plant-a branch of the Company. According to the relevant provisionsof the Company's "Articles of Association", Mr. Li Jianwen (with resume attached) was democratically elected bythe Company's employees as the workers' director of the Company's ninth board of supervisors, with his term of
office is from the date of the announcement to the date of expiry of the current board of supervisors.
3. In order to implement the requirements of deepening the reform of state-owned enterprises and improve thelevel of integration of industry and finance, Approved by the 14th meeting of the ninth board of directors of theCompany on August 26, 2020, The board of directors agreed to the Company participating in the capital increaseand share expansion of Guangdong Energy Financial Leasing Co., Ltd and obtaining 25% equity of GuangdongEnergy Financial Leasing Co., Ltd by injecting RMB 512,958,300 into the financial leasing company. After thecapital injection, it will hold its registered capital of RMB 500 million. The price of the capital injection shall bedetermined on the basis of the net asset assessment value of the financial leasing company recorded and approvedby the competent authority. Currently, the Company is promoting the capital increase of the financial leasingcompany as planned.
4. In order to accelerate the large-scale development of the Company’s new energy power projects, increase theproportion of installed capacity of clean energy, Approved by the 14th meeting of the ninth board of directors of theCompany on August 26, 2020, the board of directors agreed in principle that the wholly-ownedsubsidiary-Guangdong Wind Power Co., Ltd acquires the 100% equity of Dacheng County Dun’an New EnergyCo., Ltd in the form of pre-acquisition. The total investment in the acquisition shall not exceed 800 million yuan,and the specific transaction price shall be based on the asset evaluation results.The transaction deposit of 80million yuan for the equity acquisition transaction will be resolved by the Company’s capital increase toGuangdong Wind Power Company. the Company is currently carrying out the pre-acquisition work of Dun’an NewEnergy Company as planned.
5. Approved by the 14th meeting of the ninth board of directors of the Company on August 26, 2020, It is agreed tohire PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) as thedomestic and overseas audit institution of the company in 2020.This proposal must be submitted to theProvisional General Meeting of Shareholders for consideration.
6. As of 17: 32, September 10, 2020, the Unit 1 of Guangdong Yudean Maoming Bohe Power Plant's 2×1 millionkilowatt “Replacing Small Units with Large Ones " power generation project built by the Company's holdingsubsidiary Guangdong Yudean Bohe Coal Power Co., Ltd was successfully passed the 168-hour full-load trialoperation and marked it’s officially put into commercial operation.
7. The term of the Company's ninth board of directors and ninth board of supervisors expired on September 18, 2020.As the preparations for the nomination of candidates for the new board of directors and board of supervisors havenot been completed, the election of the change of the Company's board of directors and board of supervisors will bepostponed, and the tenure of the special committees of the board of directors and the senior management staff hasalso been extended accordingly. Currently, the Company is actively promoting the election for the change of boardof directors and board of supervisors.
| Announcement | Date of disclosure | Website for disclosure |
| Announcement on the adjustment of on-grid electricity prices for gas-fired power plants | August 5,2020 | http//www.cninfo.com.cn. |
| Announcement on changes in Employee Workers’ Supervisor | August 14,2020 | http//www.cninfo.com.cn. |
| Announcement on Related transaction in Capital Increase and Share Expansion of Guangdong Energy Finance Leasing Co., Ltd. | August 28,2020 | http//www.cninfo.com.cn. |
| Announcement of Resolutions of the 14th Meeting of the Ninth Board of Directors | August 28,2020 | http//www.cninfo.com.cn. |
| Announcement on Hiring the Company's Annual Audit Institution | September 1,2020 | http//www.cninfo.com.cn. |
| Voluntary Information Disclosure Announcement Regarding Project Commissioning | September 11,2020 | http//www.cninfo.com.cn. |
| Reminder announcement on the postponement of the change of board of directors and board of supervisors | October 17,2020 | http//www.cninfo.com.cn. |
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,directors, supervisors, senior executives or other related parties in the reporting period and commitmentsunfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
No such cases in the reporting period.IV. Financial asset investment
1.Securities investment
√ Applicable □Not applicable
In RMB
| Security category | Security code | Stock Abbreviation: | Initial investment cost | Mode of accounting measurement | Book value balance at the beginning of the reporting period | Changes in fair value of the this period | Cumulative fair value changes in equity | Purchase amount in the this period | Sale amount in the this period | Gain/loss of the reporting period | Book value balance at the end of the reporting period | Accounting items | Source of the shares |
| Domestic and foreign stocks | 000027 | Shenzhen Energy | 15,890,628 | Fair value measurement | 78,246,000 | -10,710,000 | 51,645,372 | 630,000 | 67,536,000 | Other equity instrument Investment | Own-Funds | ||
| Domestic and foreign stocks | 600642 | Shenergy | 235,837,988 | Fair value measurement | 322,642,373 | -17,214,998 | 69,589,387 | 12,217,095 | 305,427,375 | Other equity instrument Investment | Own-Funds |
| Domestic and foreign stocks | 831039 | NEEQ | 3,600,000 | Fair value measurement | 7,182,000 | 4,338,000 | 7,920,000 | 450,000 | 11,520,000 | Other equity instrument Investment | Own-Funds | ||
| Total | 255,328,616 | -- | 408,070,373 | -23,586,998 | 129,154,759 | 0 | 0 | 13,297,095 | 384,483,375 | -- | -- | ||
| Disclosure date for the notice of approval by the Board (If any) | October 31, 2019 | ||||||||||||
| Disclosure date for the notice of approval by shareholders’ Meeting (If any) | |||||||||||||
2.Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.V. Progress of investment projects with raised funds
□ Applicable √Not applicable
VI. Prediction of 2020 business performanceEstimation on accumulative net profit from the beginning of the year to the end of next report period to be lossprobably or the warning of its material change compared with the corresponding period of the last year andexplanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
X. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed companyin PeriodXI. The registration form of acceptance of investigation, communication and interview in the report periodfor future reference
□ Applicable √Not applicable
No such cases in the reporting period.
IV. Financial StatementI. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
In RMB
| Items | September 30,2020 | December 31, 2019 |
| Current asset： | ||
| Monetary fund | 6,594,174,586 | 5,081,641,969 |
| Settlement provision | ||
| Outgoing call loan | ||
| Transactional financial assets | ||
| Derivative financial assets | ||
| Notes receivable | ||
| Account receivable | 3,277,998,883 | 3,197,690,464 |
| Financing of receivables | ||
| Prepayments | 924,266,841 | 605,314,333 |
| Insurance receivable | ||
| Reinsurance receivable | ||
| Provisions of Reinsurance contracts receivable | ||
| Other account receivable | 316,027,817 | 272,801,588 |
| Including：Interest receivable | 21,528,655 | 20,866,069 |
| Dividend receivable |
| Repurchasing of financial assets | ||
| Inventories | 1,890,925,907 | 1,817,059,269 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current asset due within 1 year | 50,012,703 | 28,865,131 |
| Other current asset | 484,773,258 | 305,595,567 |
| Total of current assets | 13,538,179,995 | 11,308,968,321 |
| Non-current assets： | ||
| Loans and payment on other’s behalf disbursed | ||
| Creditor's right investment | ||
| Other Creditor's right investment | ||
| Long-term receivable | 65,856,346 | |
| Long term share equity investment | 6,519,452,671 | 6,455,784,562 |
| Other equity instruments investment | 3,188,520,935 | 3,142,371,373 |
| Other non-current financial assets | ||
| Property investment | 50,180,522 | 52,093,631 |
| Fixed assets | 41,946,261,667 | 38,555,718,718 |
| Construction in progress | 9,583,892,764 | 10,882,003,846 |
| Production physical assets | ||
| Oil & gas assets | ||
| Use right assets | ||
| Intangible assets | 2,149,264,203 | 1,787,738,640 |
| Development expenses | ||
| Goodwill | 2,449,886 | 2,449,886 |
| Long-germ expenses to be amortized | 20,009,625 | 19,473,586 |
| Deferred income tax asset | 303,803,785 | 445,709,226 |
| Other non-current asset | 4,491,294,439 | 2,753,858,988 |
| Total of non-current assets | 68,255,130,497 | 64,163,058,802 |
| Total of assets | 81,793,310,492 | 75,472,027,123 |
| Current liabilities | ||
| Short-term loans | 7,134,452,824 | 5,904,132,791 |
| Loan from Central Bank | ||
| Borrowing funds | ||
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 1,579,992,546 | 1,364,236,650 |
| Account payable | 2,419,111,438 | 2,465,154,162 |
| Advance receipts | 682,983 | 432,714 |
| Contract liabilities | 152,249,845 | |
| Selling of repurchased financial assets | ||
| Deposit taking and interbank deposit | ||
| Entrusted trading of securities | ||
| Entrusted selling of securities | ||
| Employees’ wage payable | 493,618,916 | 242,510,538 |
| Tax payable | 714,411,002 | 571,377,151 |
| Other account payable | 5,100,733,767 | 4,042,117,097 |
| Including：Interest payable | ||
| Dividend payable | 9,771,322 | 9,771,322 |
| Fees and commissions payable | ||
| Reinsurance fee payable | ||
| Liabilities held for sales | ||
| Non-current liability due within 1 year | 2,016,804,892 | 3,182,980,482 |
| Other current liability | 1,590,334,825 | 1,912,282,192 |
| Total of current liability | 21,202,393,038 | 19,685,223,777 |
| Non-current liabilities： | ||
| Reserve fund for insurance contracts | ||
| Long-term loan | 18,325,551,691 | 16,587,103,380 |
| Bond payable | 3,014,377,193 | 1,496,631,799 |
| Including：preferred stock | ||
| Sustainable debt | ||
| Lease liability | ||
| Long-term payable | 2,955,816,598 | 2,485,346,245 |
| Long-term remuneration payable to staff | 120,176,705 | 134,988,860 |
| Expected liabilities | ||
| Deferred income | 139,840,678 | 139,256,513 |
| Deferred income tax liability | 533,536,101 | 537,385,614 |
| Other non-current liabilities | 200,000,000 | 216,405,569 |
| Total non-current liabilities | 25,289,298,966 | 21,597,117,980 |
| Total of liability | 46,491,692,004 | 41,282,341,757 |
| Owners’ equity | ||
| Share capital | 5,250,283,986 | 5,250,283,986 |
| Other equity instruments | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 5,096,918,174 | 5,096,918,174 |
| Less：Shares in stock | ||
| Other comprehensive income | 1,658,452,796 | 1,676,143,044 |
| Special reserve | ||
| Surplus reserves | 8,515,360,638 | 8,245,767,593 |
| Common risk provision | ||
| Retained profit | 6,578,889,558 | 5,909,128,280 |
| Total of owner’s equity belong to the parent company | 27,099,905,152 | 26,178,241,077 |
| Minority shareholders’ equity | 8,201,713,336 | 8,011,444,289 |
| Total of owners’ equity | 35,301,618,488 | 34,189,685,366 |
| Total of liabilities and owners’ equity | 81,793,310,492 | 75,472,027,123 |
Legal representative ：Wang JinPerson-in-charge of the accounting work：Liu WeiPerson-in -charge of the accounting organ：Meng Fei
2.Parent Company Balance Sheet
In RMB
| Items | September 30,2020 | December 31, 2019 |
| Current asset： | ||
| Monetary fund | 373,751,028 | 224,504,289 |
| Transactional financial assets | ||
| Derivative financial assets | ||
| Notes receivable | ||
| Account receivable | 126,472,923 | 209,249,102 |
| Financing of receivables | ||
| Prepayments | 26,680,500 | 43,002,000 |
| Other account receivable | 152,656,368 | 108,149,278 |
| Including：Interest receivable | 3,173,329 | 689,092 |
| Dividend receivable | 2,652,502 | |
| Inventories | 132,984,215 | 151,518,056 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current asset due within 1 year | ||
| Other current asset | 271,301 | 1,228,009 |
| Total of current assets | 812,816,335 | 737,650,734 |
| Non-current assets： | ||
| Creditor's right investment | ||
| Other Creditor's right investment | ||
| Long-term receivable | 596,000,000 | 340,000,000 |
| Long term share equity investment | 27,470,574,979 | 26,514,106,513 |
| Other equity instruments investment | 3,188,520,935 | 3,142,371,373 |
| Other non-current financial assets | ||
| Property investment | 6,548,745 | 7,025,443 |
| Fixed assets | 587,086,827 | 706,435,221 |
| Construction in progress | 3,415,153 | 14,945,019 |
| Production physical assets | ||
| Oil & gas assets | ||
| Use right assets | ||
| Intangible assets | 82,733,157 | 85,839,959 |
| Development expenses | ||
| Goodwill | ||
| Long-germ expenses to be amortized | ||
| Deferred income tax asset | ||
| Other non-current asset | 208,353,879 | 356,004,000 |
| Total of non-current assets | 32,143,233,675 | 31,166,727,528 |
| Total of assets | 32,956,050,010 | 31,904,378,262 |
| Current liabilities | ||
| Short-term loans | 1,709,620,917 | 1,401,641,708 |
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Account payable | 84,028,584 | 156,122,676 |
| Advance receipts | ||
| Contract Liabilities | 5,364,445 | |
| Employees’ wage payable | 112,893,153 | 63,480,425 |
| Tax payable | 11,685,237 | 44,298,675 |
| Other account payable | 53,545,127 | 71,126,853 |
| Including：Interest payable | ||
| Dividend payable | 9,771,322 | 9,771,322 |
| Liabilities held for sales | ||
| Non-current liability due within 1 year | 500,763,889 | 1,554,314,700 |
| Other current liability | 1,604,091,803 | 1,912,282,192 |
| Total of current liability | 4,081,993,155 | 5,203,267,229 |
| Non-current liabilities： | ||
| Long-term loan | ||
| Bond payable | 2,315,554,141 | 798,857,333 |
| Including：preferred stock | ||
| Sustainable debt | ||
| Lease liability | ||
| Long-term payable | 3,466,237 | |
| Long-term remuneration payable to staff | 32,102,143 | 36,570,958 |
| Expected liabilities | ||
| Deferred income | 39,984,807 | 39,984,807 |
| Deferred income tax liability | 529,296,935 | 535,193,684 |
| Other non-current liabilities | ||
| Total non-current liabilities | 2,916,938,026 | 1,414,073,019 |
| Total of liability | 6,998,931,181 | 6,617,340,248 |
| Owners’ equity | ||
| Share capital | 5,250,283,986 | 5,250,283,986 |
| Other equity instruments | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 5,599,980,903 | 5,599,980,903 |
| Less：Shares in stock | ||
| Other comprehensive income | 1,658,452,796 | 1,676,143,044 |
| Special reserve | ||
| Surplus reserves | 8,515,360,638 | 8,245,767,593 |
| Retained profit | 4,933,040,506 | 4,514,862,488 |
| Total of owners’ equity | 25,957,118,829 | 25,287,038,014 |
| Total of liabilities and owners’ equity | 32,956,050,010 | 31,904,378,262 |
3.Consolidated Income statement of the Report period
In RMB
| Items | Amount in this period | Amount in last period |
| I. Income from the key business | 8,313,722,282 | 8,646,351,018 |
| Incl：Business income | 8,313,722,282 | 8,646,351,018 |
| Interest income | ||
| Insurance fee earned | ||
| Fee and commission received | ||
| II. Total business cost | 6,961,633,784 | 7,497,679,016 |
| Incl：Business cost | 6,384,412,514 | 6,928,192,466 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 61,578,856 | 71,719,992 |
| Sales expense | 11,771,851 | 11,243,947 |
| Administrative expense | 218,078,599 | 174,317,245 |
| R & D costs | 15,185,561 | 1,289,004 |
| Financial expenses | 270,606,404 | 310,916,362 |
| Including：Interest expense | 289,291,728 | 319,264,192 |
| Interest income | 19,873,826 | 11,283,318 |
| Add: Other income | 1,681,229 | 6,877,778 |
| Investment gain（“-”for loss） | 171,148,439 | 136,008,997 |
| Incl: investment gains from affiliates | 158,931,344 | 134,803,712 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Gains from currency exchange | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | ||
| Impairment loss of assets | -46,974,810 | 48,197,647 |
| Assets disposal income | -273 | |
| III. Operational profit（“-”for loss） | 1,477,943,083 | 1,339,756,424 |
| Add ：Non-operational income | 8,483,098 | 3,309,345 |
| Less: Non-operating expense | 656,594 | 1,790,954 |
| IV. Total profit(“-”for loss) | 1,485,769,587 | 1,341,274,815 |
| Less：Income tax expenses | 440,869,839 | 303,700,779 |
| V. Net profit | 1,044,899,748 | 1,037,574,036 |
| (I) Classification by business continuity | ||
| 1.Net continuing operating profit | 1,044,899,748 | 1,037,574,036 |
| 2.Termination of operating net profit | ||
| (II) Classification by ownership | ||
| 1.Net profit attributable to the owners of parent company | 755,703,910 | 757,309,917 |
| 2.Minority shareholders’ equity | 289,195,838 | 280,264,119 |
| VI. Net after-tax of other comprehensive income | -12,081,166 | -22,817,126 |
| Net of profit of other comprehensive income attributable to owners of the parent company. | -12,081,166 | -22,817,126 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | -12,081,166 | -22,817,126 |
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | -12,081,166 | -22,817,126 |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | ||
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3. Other comprehensive income arising from the reclassification |
| of financial assets | ||
| 4.Allowance for credit impairments in investments in other debt obligations | ||
| 5. Reserve for cash flow hedges | ||
| 6.Translation differences in currency financial statements | ||
| 7.Other | ||
| Net of profit of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | 1,032,818,582 | 1,014,756,910 |
| Total comprehensive income attributable to the owner of the parent company | 743,622,744 | 734,492,791 |
| Total comprehensive income attributable minority shareholders | 289,195,838 | 280,264,119 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.1439 | 0.1442 |
| (II)Diluted earnings per share | 0.1439 | 0.1442 |
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB 0.00, last period the combined party realized RMB0.00.Legal representative ：Wang JinPerson-in-charge of the accounting work：Liu WeiPerson-in -charge of the accounting organ：Meng Fei
4.Income statement of the Parent Company of the Report period
In RMB
| Items | Amount in this period | Amount in last period |
| I. Income from the key business | 356,610,269 | 635,806,632 |
| Incl：Business cost | 314,268,839 | 594,224,355 |
| Business tax and surcharge | 1,684,037 | 2,450,238 |
| Sales expense | 567,210 | 422,950 |
| Administrative expense | 28,556,216 | 28,185,676 |
| R & D expense | 161,909 | 360,401 |
| Financial expenses | 51,583,168 | 52,177,490 |
| Including：Interest expenses | 51,993,612 | 52,540,192 |
| Interest income | 1,670,271 | 1,454,556 |
| Add：Other income | ||
| Investment gain（“-”for loss） | 277,223,757 | 223,828,335 |
| Including: investment gains from affiliates | 159,656,349 | 134,624,138 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | ||
| Impairment loss of assets | -46,974,810 | 48,647,647 |
| Assets disposal income | ||
| II. Operational profit（“-”for loss） | 190,199,746 | 230,461,503 |
| Add ：Non-operational income | 4,874,977 | 174,784 |
| Less：Non -operational expenses | 45,210 | 702,682 |
| III. Total profit(“-”for loss) | 195,029,513 | 229,933,605 |
| Less：Income tax expenses | ||
| IV. Net profit | 195,029,513 | 229,933,605 |
| 1.Net continuing operating profit | 195,029,513 | 229,933,605 |
| 2.Termination of operating net profit | ||
| V. Net after-tax of other comprehensive income | -12,081,168 | -22,817,126 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | -12,081,168 | -22,817,126 |
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | -12,081,168 | -22,817,126 |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| (II)Other comprehensive income that will be reclassified into profit or loss | ||
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt |
| obligations | ||
| 3. Other comprehensive income arising from the reclassification of financial assets | ||
| 4.Allowance for credit impairments in investments in other debt obligations | ||
| 5. Reserve for cash flow hedges | ||
| 6.Translation differences in currency financial statements | ||
| 7.Other | ||
| VI. Total comprehensive income | 182,948,345 | 207,116,479 |
| VII. Earnings per share | ||
| （I）Basic earnings per share | 0.0371 | 0.0438 |
| (II)Diluted earnings per share | 0.0371 | 0.0438 |
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
| Items | Amount in this period | Amount in last period |
| I. Turnover | 20,853,640,105 | 21,520,532,268 |
| Including：Operating income | 20,853,640,105 | 21,520,532,268 |
| Interest income | ||
| Insurance fee earned | ||
| Commission charge and commission income | ||
| II. Total operating costs | 18,097,475,127 | 19,534,660,935 |
| Including ：Operating costs | 16,535,385,536 | 17,952,335,942 |
| Interest expense | ||
| Fee and commission paid | ||
| Insurance discharge payment | ||
| Net claim amount paid | ||
| Appropriation of deposit for duty,net | ||
| Insurance policy dividend paid | ||
| Reinsurance expenses | ||
| Business tax and surcharge | 159,730,933 | 165,085,350 |
| Sales expense | 34,666,408 | 24,088,735 |
| Administrative expense | 519,754,272 | 445,202,049 |
| R & D expense | 16,016,670 | 1,636,527 |
| Financial expenses | 831,921,309 | 946,312,332 |
| Including：Interest expense | 883,583,234 | 983,273,645 |
| Interest income | 55,714,232 | 42,944,823 |
| Add：Other income | 15,169,944 | 46,350,634 |
| Investment gain（“-”for loss） | 407,217,504 | 440,490,979 |
| Including: investment gains from affiliates | 373,629,965 | 408,421,926 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Gains from currency exchange | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | 20,911 | -523,441 |
| Impairment loss of assets | -63,718,440 | 48,197,647 |
| Assets disposal income | 51,176,503 | |
| III. Operating profit（“-”for loss） | 3,166,031,400 | 2,520,387,152 |
| Add ：Non-operating income | 25,351,020 | 8,602,532 |
| Less: Non-operating expense | 13,684,188 | 22,025,650 |
| IV. Total profit(“-”for loss) | 3,177,698,232 | 2,506,964,034 |
| Less：Income tax expenses | 913,749,251 | 613,536,709 |
| V. Net profit | 2,263,948,981 | 1,893,427,325 |
| (I) Classification by business continuity | ||
| 1.Net continuing operating profit | 2,263,948,981 | 1,893,427,325 |
| 2.Termination of operating net profit | ||
| (II) Classification by ownership | ||
| 1.Net profit attributable to the owners of parent company | 1,569,388,405 | 1,338,879,300 |
| 2.Minority shareholders’ equity | 694,560,576 | 554,548,025 |
| VI. Net after-tax of other comprehensive income | -17,690,248 | 34,695,456 |
| Net of profit of other comprehensive income attributable to owners of the parent company. | -17,690,248 | 34,695,456 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | -17,690,248 | 34,695,456 |
| 1.Re-measurement of defined benefit plans of changes in net debt or net assets | ||
| 2.Other comprehensive income under the equity method invest |
| ee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | -17,690,248 | 34,695,456 |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| (II)Other comprehensive income that will be reclassified into profit or loss | ||
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3. Other comprehensive income arising from the reclassification of financial assets | ||
| 4.Allowance for credit impairments in investments in other debt obligations | ||
| 5. Reserve for cash flow hedges | ||
| 6.Translation differences in currency financial statements | ||
| 7.Other | ||
| Net of profit of other comprehensive income attributable to Minority shareholders’ equity | ||
| VII. Total comprehensive income | 2,246,258,733 | 1,928,122,781 |
| Total comprehensive income attributable to the owner of the parent company | 1,551,698,157 | 1,373,574,756 |
| Total comprehensive income attributable minority shareholders | 694,560,576 | 554,548,025 |
| VIII. Earnings per share | ||
| （I）Basic earnings per share | 0.2989 | 0.2550 |
| (II)Diluted earnings per share | 0.2989 | 0.2550 |
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB 0.00, last period the combined party realized RMB0.00.Legal representative ：Wang JinPerson-in-charge of the accounting work：Liu WeiPerson-in -charge of the accounting organ：Meng Fei
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
| Items | Amount in this period | Amount in last period |
| I. Revenue | 826,164,433 | 1,620,715,714 |
| Including ：Operating costs | 816,067,727 | 1,572,358,236 |
| Business tax and surcharge | 5,489,002 | 8,340,931 |
| Sales expense | 1,831,908 | 1,098,839 |
| Administrative expense | 82,641,254 | 65,049,565 |
| R & D expense | 161,909 | 630,094 |
| Financial expenses | 162,667,973 | 153,134,251 |
| Including：Interest expenses | 164,915,238 | 154,449,687 |
| Interest income | 3,993,460 | 3,932,287 |
| Add：Other income | 44,061 | 10,000 |
| Investment gain（“-”for loss） | 1,612,809,083 | 1,289,334,443 |
| Including: investment gains from affiliates | 371,180,201 | 404,708,029 |
| Financial assets measured at amortized cost cease to be recognized as income | ||
| Net exposure hedging income | ||
| Changing income of fair value | ||
| Credit impairment loss | 20,911 | -303,753 |
| Impairment loss of assets | -63,718,440 | 48,647,647 |
| Assets disposal income | 157,963 | 3,218,915 |
| II. Operating profit（“-”for loss） | 1,306,618,238 | 1,161,011,049 |
| Add ：Non-operating income | 14,662,914 | 182,626 |
| Less：Non -operating expenses | 1,419,294 | 1,884,087 |
| III. Total profit(“-”for loss) | 1,319,861,858 | 1,159,309,588 |
| Less：Income tax expenses | 2,056,715 | 47,879,436 |
| IV. Net profit | 1,317,805,143 | 1,111,430,152 |
| 1.Net continuing operating profit | 1,317,805,143 | 1,111,430,152 |
| 2.Termination of operating net profit | ||
| V. Net after-tax of other comprehensive income | -17,690,248 | 34,695,456 |
| （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | -17,690,248 | 34,695,456 |
| 1.Re-measurement of defined benefit plans of changes in net d |
| ebt or net assets | ||
| 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | ||
| 3. Changes in the fair value of investments in other equity instruments | -17,690,248 | 34,695,456 |
| 4. Changes in the fair value of the company’s credit risks | ||
| 5.Other | ||
| （II） Other comprehensive income that will be reclassified into profit or loss. | ||
| 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | ||
| 2. Changes in the fair value of investments in other debt obligations | ||
| 3. Other comprehensive income arising from the reclassification of financial assets | ||
| 4. Allowance for credit impairments in investments in other debt obligations | ||
| 5. Reserve for cash flow hedges | ||
| 6. Translation differences in currency financial statements | ||
| 7.Other | ||
| VI. Total comprehensive income | 1,300,114,895 | 1,146,125,608 |
| VII. Earnings per share | ||
| （I）Basic earnings per share | 0.2510 | 0.2117 |
| (II)Diluted earnings per share | 0.2510 | 0.2117 |
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
| Items | Amount in this period | Amount in last period |
| I.Cash flows from operating activities | ||
| Cash received from sales of goods or rending of services | 23,410,418,937 | 24,362,498,308 |
| Net increase of customer deposits and capital kept for brother company | ||
| Net increase of loans from central bank | ||
| Net increase of inter-bank loans from other financial bodies | ||
| Cash received against original insurance contract | ||
| Net cash received from reinsurance business |
| Net increase of client deposit and investment | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of inter-bank fund received | ||
| Net increase of repurchasing business | ||
| Net cash received by agent in securities trading | ||
| Tax returned | 127,569,517 | 58,799,293 |
| Other cash received from business operation | 279,600,355 | 243,645,593 |
| Sub-total of cash inflow | 23,817,588,809 | 24,664,943,194 |
| Cash paid for purchasing of merchandise and services | 13,959,789,469 | 15,275,232,014 |
| Net increase of client trade and advance | ||
| Net increase of savings in central bank and brother company | ||
| Cash paid for original contract claim | ||
| Net increase for Outgoing call loan | ||
| Cash paid for interest, processing fee and commission | ||
| Cash paid for policy dividend | ||
| Cash paid to staffs or paid for staffs | 1,053,661,424 | 1,131,162,005 |
| Taxes paid | 1,779,907,829 | 1,014,809,741 |
| Other cash paid for business activities | 535,817,557 | 470,163,457 |
| Sub-total of cash outflow from business activities | 17,329,176,279 | 17,891,367,217 |
| Net cash generated from /used in operating activities | 6,488,412,530 | 6,773,575,977 |
| II. Cash flow generated by investing | ||
| Cash received from investment retrieving | 102,820,430 | |
| Cash received as investment gains | 343,549,395 | 201,960,518 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 278,790,688 | |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | 10,000,000 | |
| Sub-total of cash inflow due to investment activities | 632,340,083 | 304,780,948 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 5,480,965,047 | 3,000,250,669 |
| Cash paid as investment | 70,294,338 | 79,035,790 |
| Net increase of loan against pledge | ||
| Net cash received from subsidiaries and other operational units |
| Other cash paid for investment activities | ||
| Sub-total of cash outflow due to investment activities | 5,551,259,385 | 3,079,286,459 |
| Net cash flow generated by investment | -4,918,919,302 | -2,774,505,511 |
| III.Cash flow generated by financing | ||
| Cash received as investment | 4,400,000 | 512,000,000 |
| Including: Cash received as investment from minor shareholders | 4,400,000 | 512,000,000 |
| Cash received as loans | 18,088,592,531 | 10,903,258,541 |
| Other financing –related cash received | 2,546,535 | 1,038,130 |
| Sub-total of cash inflow from financing activities | 18,095,539,066 | 11,416,296,671 |
| Cash to repay debts | 15,936,421,657 | 13,544,754,488 |
| Cash paid as dividend, profit, or interests | 2,210,125,314 | 1,795,543,714 |
| Including: Dividend and profit paid by subsidiaries to minor shareholders | 245,761,088 | 385,697,942 |
| Other cash paid for financing activities | 5,952,486 | 3,335,383 |
| Sub-total of cash outflow due to financing activities | 18,152,499,457 | 15,343,633,585 |
| Net cash flow generated by financing | -56,960,391 | -3,927,336,914 |
| IV. Influence of exchange rate alternation on cash and cash equivalents | -220 | |
| V.Net increase of cash and cash equivalents | 1,512,532,617 | 71,733,552 |
| Add: balance of cash and cash equivalents at the beginning of term | 5,079,641,969 | 5,570,382,893 |
| VI ..Balance of cash and cash equivalents at the end of term | 6,592,174,586 | 5,642,116,445 |
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
| Items | Amount in this period | Amount in last period |
| I.Cash flows from operating activities | ||
| Cash received from sales of goods or rending of services | 958,831,367 | 1,820,859,152 |
| Tax returned | 1,797,630 | |
| Other cash received from business operation | 76,854,450 | 46,901,686 |
| Sub-total of cash inflow | 1,037,483,447 | 1,867,760,838 |
| Cash paid for purchasing of merchandise and services | 689,992,723 | 1,338,827,716 |
| Cash paid to staffs or paid for staffs | 195,677,333 | 202,912,167 |
| Taxes paid | 71,326,703 | 70,035,488 |
| Other cash paid for business activities | 42,084,971 | 43,410,776 |
| Sub-total of cash outflow from business activities | 999,081,730 | 1,655,186,147 |
| Net cash generated from /used in operating activities | 38,401,717 | 212,574,691 |
| II.Cash flow generated by investing | ||
| Cash received from investment retrieving | 16,460,000 | 348,864,150 |
| Cash received as investment gains | 1,553,075,401 | 1,057,794,667 |
| Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 855,007 | 6,281,001 |
| Net cash received from disposal of subsidiaries or other operational units | ||
| Other investment-related cash received | ||
| Sub-total of cash inflow due to investment activities | 1,570,390,408 | 1,412,939,818 |
| Cash paid for construction of fixed assets, intangible assets and other long-term assets | 13,312,373 | 26,677,506 |
| Cash paid as investment | 1,113,926,727 | 1,445,721,936 |
| Net cash received from subsidiaries and other operational units | ||
| Other cash paid for investment activities | ||
| Sub-total of cash outflow due to investment activities | 1,127,239,100 | 1,472,399,442 |
| Net cash flow generated by investment | 443,151,308 | -59,459,624 |
| III. Cash flow generated by financing | ||
| Cash received as investment | ||
| Cash received as loans | 6,099,335,332 | 2,398,950,000 |
| Other financing –related ash received | 2,546,535 | 1,035,360 |
| Sub-total of cash inflow from financing activities | 6,101,881,867 | 2,399,985,360 |
| Cash to repay debts | 5,600,000,000 | 2,000,000,000 |
| Cash paid as dividend, profit, or interests | 831,816,281 | 465,720,875 |
| Other cash paid for financing activities | 2,371,652 | 2,018,021 |
| Sub-total of cash outflow due to financing activities | 6,434,187,933 | 2,467,738,896 |
| Net cash flow generated by financing | -332,306,066 | -67,753,536 |
| IV. Influence of exchange rate alternation on cash and cash equivalents | -220 | |
| V.Net increase of cash and cash equivalents | 149,246,739 | 85,361,531 |
| Add: balance of cash and cash equivalents at the beginning of term | 224,504,289 | 385,577,464 |
| VI ..Balance of cash and cash equivalents at the end of term | 373,751,028 | 470,938,995 |
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according tothe new standards for financial instruments, the new standards for revenues and the new standards forlease implemented commencing from year 2020
□ Applicable √ Not applicable
2. Note to the retroactive adjustment of the previous comparative data according to the new standards forfinancial instruments and the new standards for lease implemented commencing from year 2020
□ Applicable √ Not applicable
III. Auditor’ reportIs the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.