GuangdongProvincialExpresswayDevelopmentCo.，Ltd.
TheThirdQuarterlyReport2020
October2020
I.ImportantNoticeTheBoardofDirectorsandtheSupervisoryCommitteeoftheCompanyanditsdirectors,supervisorsandseniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.AllofthedirectorspresentedtheboardmeetingatwhichthisQuarterlyReportwasexamined.Mr.ZhengRenfa,Leader,Mr.WangChunhua,GeneralManager,Mr.FangZhi,Chiefoftheaccountingwork,MsZhouFang,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisreport.
II.BasicInformationoftheCompany
（1）MainfinancialdataandfinancialindexIndicatebytickmarkwhethertheCompanyneedstoretroactivelyrestateanyofitsaccountingdata.
√Yes□No
| Asattheendofthereportingperiod | Asattheendoflastyear | Changed（%）overendofprev.year | ||||
| Grossassets（Yuan） | 16,905,477,331.50 | 17,674,545,340.78 | -4.35% | |||
| Netassetsattributabletotheshareholdersofthelistedcompany（Yuan） | 9,177,164,266.77 | 9,823,426,849.75 | -6.58% | |||
| Reportingperiod | Increase/decreaseoverthesameperiodoflastyear（%） | Betweenbeginningoftheyeartotheendofthereportperiod | Changed（%）overendofprev.year | |||
| Operatingrevenue（Yuan） | 763,407,014.35 | -4.19% | 1,424,305,976.14 | -37.54% | ||
| Netprofitattributabletotheshareholdersofthelistedcompany（Yuan） | 351,032,289.60 | -5.44% | 345,202,032.42 | -68.84% | ||
| Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan） | 348,606,597.62 | -6.41% | 339,091,880.20 | -69.10% | ||
| Netcashgeneratedfrom/usedinoperatingactivities（Yuan） | 579,301,395.86 | -0.80% | 997,207,500.20 | -39.00% | ||
| Basicearningpershare(Yuan/Share) | 0.17 | -5.56% | 0.17 | -67.92% |
| Dilutedgainspershare(Yuan/Share) | 0.17 | -5.56% | 0.17 | -67.92% |
| Weightedaveragereturnonequity（%） | 3.67% | -0.28% | 3.61% | -7.86% |
Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Items | Amount(Year-beginningtotheendofthereportperiod.) | Notes |
| Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | 1,343,684.46 | |
| Govemmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 6,408,601.01 | |
| Othernon-businessincomeandexpendituresotherthantheabove | 1,569,750.74 | |
| Less:Amountofinfluenceofincometax | 2,331,391.67 | |
| Amountofinfluenceofminorityinterests(aftertax) | 880,492.32 | |
| Total | 6,110,152.22 | -- |
ExplainthereasonsiftheCompanyclassifiesanitemasanextraordinarygain/lossaccordingtothedefinitionintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-ExtraordinaryGainsandLosses,orclassifiesanyextraordinarygain/lossitemmentionedinthesaidexplanatoryannouncementasarecurrentgain/lossitem.
□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecognizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.II.TotalShareholdersandSharesHeldbyTopTenShareholdersattheEndoftheReportingPeriod
1.AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders
Inshares
| Totalnumberofcommonshareholdersattheperiod-end | 55,744 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 |
| Sharesheldbythetop10shareholders | |||
| Shareholdername | Propertiesofshareholder | Shareproportion% | Quantity | AmountoftradableshareswithConditionalheld | Pledgingorfreezing | |
| Statusoftheshares | Quantity | |||||
| GuangdongCommunicationGroupCo.,Ltd. | State-ownedlegalperson | 24.56% | 513,420,438 | 410,040,696 | ||
| GuangdongHighwayConstructionCo.,Ltd, | State-ownedlegalperson | 22.30% | 466,325,020 | |||
| ShangdongExpresswayInvestmentDevelopmentCo.,Ltd. | State-ownedlegalperson | 9.68% | 202,429,149 | |||
| TibetYingyueInvestmentManagementCo.,Ltd. | State-ownedlegalperson | 4.84% | 101,214,574 | |||
| GuangdongExpresswayCo.,Ltd. | State-ownedlegalperson | 2.53% | 52,937,491 | 19,582,228 | ||
| ChinaLifeInsuranceCo.,Ltd.－Dividend－Personaldividend-005L-FH002Shen | Other | 1.96% | 41,009,355 | |||
| ChinaLifeInsuranceCo.,Ltd.－Traditional－Commoninsuranceproducts-005L-CT001Shen | Other | 1.78% | 37,225,847 | |||
| OrientSecuritiesCo.,Ltd. | State-ownedlegalperson | 1.08% | 22,508,593 | |||
| FengWuchu | Domesticnaturalpersonshares | 0.99% | 20,776,353 | |||
| XinyueCo.,Ltd. | Overseaslegalperson | 0.63% | 13,201,086 | |||
| SharesheldbytheTop10ShareholdersofNon-restrictedshares | ||||||
| Shareholders’Names | Numberofthenon-restrictedsharesheld | Sharetype | ||||
| Sharetype | Quantity | |||||
| GuangdongHighwayConstructionCo.,Ltd, | 466,325,020 | RMBCommonshares | 466,325,020 | |||
| ShangdongExpresswayInvestmentDevelopmentCo.,Ltd. | 202,429,149 | RMBCommonshares | 202,429,149 | |||
| GuangdongCommunicationGroupCo.,Ltd. | 103,379,742 | RMBCommonshares | 103,379,742 | |||
| TibetYingyueInvestmentManagementCo.,Ltd. | 101,214,574 | RMBCommonshares | 101,214,574 | |||
| ChinaLifeInsuranceCo.,Ltd.－Dividend－Personaldividend-005L-FH002Shen | 41,009,355 | RMBCommonshares | 41,009,355 | |||
| ChinaLifeInsuranceCo.,Ltd.－Traditional－Commoninsuranceproducts-005L-CT001Shen | 37,225,847 | RMBCommonshares | 37,225,847 | |||
| GuangdongExpresswayCo.,Ltd. | 33,355,263 | RMBCommonshares | 33,355,263 | |||
| OrientSecuritiesCo.,Ltd. | 22,508,593 | RMBCommonshares | 22,508,593 | |||
| FengWuchu | 20,776,353 | RMBCommonshares | 18,470,490 | |||
| Foreignsharesplacedindomesticexchange | 2,305,863 | |||||
| XinyueCo.,Ltd. | 13,201,086 | Foreignsharesplacedindomesticexchange | 13,201,086 | |||
| Explanationonassociatedrelationshiporconcertedactionoftheaboveshareholders | GuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd.,GuangdongExpresswayCo.,Ltd.andXinyueCo.,Ltd.,ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformationaboutChangeinShareholdingofShareholdersofListedCompanies. | |||||
| Participationoftop10unconditional | None | |||||
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.
□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.
2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IIISignificantEventsI.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges
√Applicable□Notapplicable（I）Itemsofbalancesheetascomparedwiththebeginningofthisyear.
1.Accountsreceivableincreasedby40.68millionyuanand31.85%fromthebeginningoftheyear,mainlyduetotheincreaseintollincometobesplitbetweenGuangdongProvincialExpresswayDevelopmentCo.,Ltd.FokaiBranchandJingzhuExpresswayGuangzhuSectionCo.,Ltd.
2.Non-currentliabilitiesduewithinoneyeardecreasedby544.46millionyuanand69.67%fromthe
beginningoftheyear,whichisthecombinedeffectofthecompany'srepaymentof899.16millionyuanofloansdue,long-termpayablesandreclassificationofaccounts.
3.Bondspayableincreasedby748.13millionyuanand110.32%,fromthebeginningoftheyear,whicharefive-yearmedium-termnotesissued750millionyuanbythecompanyinMarch2020.
4.Othercomprehensiveincomedecreasedby135.87millionyuanand35.55%fromthebeginningoftheyear,
whichisthecombinedeffectoftheparentcompany'sconfirmationofchangesinthefairvalueofsharesofChinaEverbrightBankCorporationLimitedandconfirmationofchangesinothercomprehensiveincomeofGuoyuanSecuritiesCorporationLimitedbyshareratio.(II)Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear
1.Operatingincomedecreasedby856.19millionyuanand37.54%yearonyear,ofwhich,ThetollincomeofFokaiExpresswaydecreasedby325.81millionyuanfromthesameperiodofthepreviousyear,thetollincomeofJingzhuExpresswayGuangzhusectiondecreasedby415.14millionyuan,andthetollincomeofGuangfoExpresswaydecreasedby133.62millionyuan.Mainlyduetothefollowingfactors:（1）Duetothesuddennewcoronaryviruspneumoniaepidemic,Duetothenationwideemergencyfirst-levelresponse,theoriginaltoll-freeperiodduringthestatutorySpringFestivalholiday(January24-January30)wasextendedtoFebruary8;
（
）AccordingtotherelevantregulationsoftheMinistryofTransport,From0:00onFebruary17,2020to24:00OnMay5,2020thetollfeesforvehiclesonroadsacrossthecountrypreviouslytollchargedshallbeexempted.
2.Invesementincomedecreasedby155.41millionyuanand37.39%yearonyear,Mainlyduetotheimpactofthenewcorona-virusepidemic,theprofitoftheshare-participatingcompaniesdecreasedleadingtotheCompany’sinvestmentincomedecreased.
3.Incometaxdecreasedby157.14millionyuanand54.47%yearonyear,MainlyduetothetotalprofitoftheCompanydecreasedduetotheimpactofthecorona-virusepidemic.
4.Thenetprofitattributabletotheowneroftheparentcompanydecreasedby762.53millionyuanand
68.84%yearonyear,mainlyduetothecombinedeffectsoftheabovefactors.(III)Notesofmainitemsofcashflowstatement
1.Cashreceivedfromsalesofgoodsorrendingofservicesdecreasedby930.07millionyuanand39.67%yearonyear,Mainlyduetotheimpactofthenewcorona-virusepidemic,Fordetails,pleaserefertotheabovereasonsforthedeclineinoperatingincome.
2.Othercashpaidforbusinessactivitiesincreasedby46.62millionyuanand105.38%,ThisismainlybecauseFokaiBranch,GuangfoExpresswayCo.,Ltd.andJingzhuExpresswayGuangzhuSectionCompanyhavereceived35.41millionyuaninsubsidiesforcancelingprovincialtollstations.
3.Cashpaidforpurchasingofmerchandiseandservices,Themainaccountingpaymentofspecialprojects,
maintenancecostsandnetworkingfees,etc.Thisperiodwitnessedayear-on-yeardecreaseof54.12millionyuanand30.88%,mainlyduetotheyear-on-yeardecreaseinprojectfundspaidbyFokaiBranch,GuangfoExpresswayCo.,Ltd.andJingzhuExpresswayGuangzhuSectionCompany.
4.Taxespaid，Thecurrentperioddecreasedby159.77millionyuanand51.52%yearonyear，Mainlyduetotheimpactofthenewcorona-virusepidemic,Varioustaxesandfeespayablewerereducedduetothedecreaseintollincome.
5.Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassetsdecreasedby300.49millionyuanand51.12%yearonyear,ItismainlybecausethemainlineofthereconstructionandexpansionprojectofSanbao-ShuikousectionofFokaiBranchhasbeencompletedandopenedtotraffic,andtheamountofprogresspaymenthasbeenreduced.
6.Cashreceivedfromborrowingdecreasedby2361.7millionand62.87%yearonyear,Thereasonwasthattheparentcompany’scurrentborrowingsdecreasedby1,200millionyuanYOY,theFokaiBranch’scurrentborrowingsdecreasedby755millionyuan,andJingzhuExpresswayGuangzhuSectionCo.,Ltd.’scurrentborrowingsdecreasedby406.7millionyuan.
7.Cashtorepaydebtsdecreasedby1,683.19millionand55.85%yearonyear,Thereasonisthattheparentcompany'sloanrepaymentinthisperioddecreasedby1,241.51millionyuanyearonyear,andtheloanrepaymentinthisperiodofJingzhuExpresswayGuangzhuSectionCo.,Ltd.decreasedby441.68millionyuanyearonyear.II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.
√Applicable□Notapplicable
OnJuly16,2020,theCompanyreceivedthe"NoticeonStartingtheAssetReorganizationofExpresswayProjects"fromthecontrollingshareholderGuangdongTransportationGroupCo.,Ltd.,statedGuangdongCommunicationGroupCo.,Ltdwillplantheassetreorganizationoftheexpresswayprojects.Theunderlyingassetsandtransactionmethodinvolvedintheplannedassetreorganizationwasplannedasfollows:GuangdongExpresswayCo.,Ltd.transfersitsholdingequityof21%equityofGuangdongGuanghuiExpresswayCo.,LtdtotheCompany,andtheCompanypaystheconsiderationincash.
AccordingtotherelevantregulationsoftheShenzhenStockExchange,theCompanyshalldisclosetheprogressannouncementevery10tradingdays.
| Announcement | Dateofdisclosure | Websitefordisclosure |
| Reminderannouncementonplanningmajorassetreorganizationmatter | July17,2020 | www.cninfo.com.cn |
| Announcementontheprogressofplanningmajorassetrestructuringmatter | July29,2020 | www.cninfo.com.cn |
| Announcementontheprogressofplanningmajorassetrestructuringmatter | August28,2020 | www.cninfo.com.cn |
| Announcementontheprogressofplanningmajorassetrestructuringmatter | September11,2020 | www.cninfo.com.cn |
| Announcementontheprogressofplanningmajorassetrestructuringmatter | September25,2020 | www.cninfo.com.cn |
Progressintheimplementationofsharerepurchase
□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding
□Applicable√NotapplicableIII.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod
□Applicable√NotapplicableThecompanyhasnocommitmentscompletedinperiodandthosewithoutcompletedtilllendoftheperiodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies.
IV.Financialassetinvestment
1.Investmentinsecurities
√Applicable□Notapplicable
InRMB
| Securitycategory | Securitycode | StockAbbreviation: | Initialinvestmentcost | Modeofaccountingmeasurement | Bookvaluebalanceatthebeginningofthereportingperiod | Changesinfairvalueofthethisperiod | Cumulativefairvaluechangesinequity | Purchaseamountinthethisperiod | Saleamountinthethisperiod | Gain/lossofthereportingperiod | Bookvaluebalanceattheendofthereportingperiod | Accountingitems | Sourceoftheshares |
| Domesticandforeignstocks | 601818 | ChinaEverbrightBank | 517,560,876.80 | FVM | 1,037,474,303.04 | 341,119,668.80 | 50,344,558.02 | 858,680,545.60 | Otherassets | Selffund | |||
| Total | 517,560,876.80 | -- | 1,037,474,303.04 | 0.00 | 341,119,668.80 | 0.00 | 0.00 | 50,344,558.02 | 858,680,545.60 | -- | -- | ||
| DisclosuredateforthenoticeofapprovalbytheBoard(Ifany) | July22,2009 | ||||||||||||
| Disclosuredateforthenoticeofapprovalbyshareholders’Meeting(Ifany) | August7,2009 | ||||||||||||
2.Investmentinderivatives
□Applicable√NotapplicableThereisnoderivativeinvestmentduringthereportperiod.V.Progressofinvestmentprojectswithraisedfunds
□Applicable√NotapplicableVI.Predictionof2020businessperformanceEstimationonaccumulativenetprofitfromthebeginningoftheyeartotheendofnextreportperiodtobelossprobablyorthewarningofitsmaterialchangecomparedwiththecorrespondingperiodofthelastyearandexplanationonreason
□Applicable√NotapplicableVII.Majorcontractsfordailyoperations
□Applicable√NotapplicableVIII.EntrustedFinancialManagement
□Applicable√NotapplicableThereisnoEntrustedFinancialManagementduringthereportperiod.IX.Externalguaranteegetoutofline
□Applicable√NotapplicableTheCompanyhasnoexternalguaranteegetoutofthelineinthePeriodX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany
□Applicable√Notapplicable
Therearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod
XI.Theregistrationformofacceptanceofinvestigation,communicationandinterviewinthereportperiodforfuturereference
√Applicable□Notapplicable
| Receptiontime | Place | Wayofreception | Typesofvisitors | Visitor | Maincontentinvolvedandmaterialsprovided | Disclosureofinformation |
| August27,2020 | MeetingroomoftheCompany | Byphone | Organization | TelephonesurveyofGuotaiJunanSecuritiesResearchInstitute;ZhengWuandHuangfuXiaohanofGuotaiJunanSecuritiesResearchInstitute;WangZitongofShanghaiDazhengInvestmentCo.,Ltd.;ZengShangofTibetYuanchengInvestmentManagementCo.,Ltd.;ZhangGangofShenzhenXimengbeiAssetManagementCo.,Ltd.;YanFengofBoscAssetandChengZhixiongofShenzhenQianhaiDingyeInvestmentDevelopmentCo.,Ltd. | 1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports | www.cninfo.com.cn |
IV.FinancialStatementI.Financialstatement
1.ConsolidatedbalancesheetPreparedby：GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
September30,2020
InRMB
| Items | September30,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 2,617,519,510.01 | 2,817,920,894.50 |
| Settlementprovision | ||
| Outgoingcallloan | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 168,371,390.12 | 125,343,724.66 |
| Financingofreceivables | ||
| Prepayments | 4,450,387.83 | 10,894,246.41 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 48,772,356.54 | 26,618,178.57 |
| Including：Interestreceivable | ||
| Dividendreceivable | 37,205,472.90 | 7,205,472.90 |
| Otheraccountreceivable | 11,566,883.64 | 19,412,705.67 |
| Repurchasingoffinancialassets | ||
| Inventories | 89,116.85 | 111,683.22 |
| Contractassets | 5,182,256.86 | |
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 |
| Othercurrentasset | 7,087,899.28 | |
| Totalofcurrentassets | 2,851,524,662.81 | 2,980,940,472.68 |
| Non-currentassets： | ||
| Loansandpaymentonother’sbehalf |
| Items | September30,2020 | December31,2019 |
| disbursed | ||
| Creditor'srightinvestment | ||
| OtherCreditor'srightinvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 3,363,775,812.90 | 3,255,739,898.36 |
| Otherequityinstrumentsinvestment | 1,657,028,847.33 | 1,835,822,604.77 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 3,165,661.51 | 3,331,500.37 |
| Fixedassets | 8,474,304,554.47 | 8,925,700,473.65 |
| Including：Fixedassets | 8,474,266,661.61 | 8,925,700,473.65 |
| Liquidationoffixedassets | 37,892.86 | |
| Constructioninprogress | 189,943,453.62 | 229,098,299.48 |
| Including：Constructioninprogress | 189,943,453.62 | 229,098,299.48 |
| EngineeringMaterials | ||
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 5,131,601.73 | 6,393,895.17 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 1,061,255.72 | 1,114,764.44 |
| Deferredincometaxasset | 354,850,432.16 | 385,494,106.13 |
| Othernon-currentasset | 4,691,049.25 | 50,909,325.73 |
| Totalofnon-currentassets | 14,053,952,668.69 | 14,693,604,868.10 |
| Totalofassets | 16,905,477,331.50 | 17,674,545,340.78 |
| Currentliabilities | ||
| Short-termloans | 200,000,000.00 | |
| LoanfromCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 273,199,808.48 | 290,657,734.31 |
| Items | September30,2020 | December31,2019 |
| Advancereceipts | 10,869,603.32 | 15,605,094.69 |
| ContractLiabilities | ||
| Sellingofrepurchasedfinancialassets | ||
| Deposittakingandinterbankdeposit | ||
| Entrustedtradingofsecurities | ||
| Entrustedsellingofsecurities | ||
| Employees’wagepayable | 16,271,291.04 | 14,822,524.70 |
| Taxpayable | 79,260,014.41 | 84,257,586.94 |
| Otheraccountpayable | 417,829,386.70 | 626,180,586.92 |
| Including：Interestpayable | ||
| Dividendpayable | 49,246,597.30 | 20,020,119.31 |
| Otheraccountpayable | 368,582,789.40 | 606,160,467.61 |
| Feesandcommissionspayable | ||
| Reinsurancefeepayable | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 241,398,157.42 | 795,861,958.07 |
| Othercurrentliability | 7,805,854.13 | 189,628.17 |
| Totalofcurrentliability | 1,246,634,115.50 | 1,827,575,113.80 |
| Non-currentliabilities： | ||
| Reservefundforinsurancecontracts | ||
| Long-termloan | 4,478,457,500.00 | 4,640,425,000.00 |
| Bondpayable | 1,426,251,240.76 | 678,124,972.89 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 40,406,172.36 | 39,369,379.91 |
| Including：Long-termpayable | 40,406,172.36 | 39,369,379.91 |
| Specialpayable | ||
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 29,927,018.42 | |
| Deferredincometaxliability | 196,032,018.83 | 238,453,976.29 |
| Items | September30,2020 | December31,2019 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 6,171,073,950.37 | 5,596,373,329.09 |
| Totalofliability | 7,417,708,065.87 | 7,423,948,442.89 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 2,589,295,515.31 | 2,562,570,465.31 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 246,323,864.67 | 382,193,344.90 |
| Specialreserve | ||
| Surplusreserves | 910,425,068.90 | 910,425,068.90 |
| Commonriskprovision | ||
| Retainedprofit | 3,340,313,691.89 | 3,877,431,844.64 |
| Totalofowner’sequitybelongtotheparentcompany | 9,177,164,266.77 | 9,823,426,849.75 |
| Minorityshareholders’equity | 310,604,998.86 | 427,170,048.14 |
| Totalofowners’equity | 9,487,769,265.63 | 10,250,596,897.89 |
| Totalofliabilitiesandowners’equity | 16,905,477,331.50 | 17,674,545,340.78 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhiPerson-in-chargeoftheaccountingorgan：ZhouFang
2.ParentCompanyBalanceSheet
InRMB
| Items | September30,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 2,582,094,773.72 | 2,791,384,501.78 |
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 25,108,426.80 | 21,864,051.27 |
| Financingofreceivables | ||
| Prepayments | 1,031,754.00 | 1,737,598.88 |
| Otheraccountreceivable | 124,463,834.90 | 13,435,651.19 |
| Including：Interestreceivable | ||
| Dividendreceivable | 118,156,851.62 | 7,205,472.90 |
| Otherreceivable | 6,306,983.28 | 6,230,178.29 |
| Inventories | ||
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 191,851,125.66 | 151,637,139.08 |
| Othercurrentasset | 432,671.23 | |
| Totalofcurrentassets | 2,924,982,586.31 | 2,980,058,942.20 |
| Non-currentassets： | ||
| Creditor'srightinvestment | 539,903,684.98 | 537,903,684.98 |
| OtherCreditor'srightinvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 4,896,366,150.91 | 4,789,404,907.17 |
| Otherequityinstrumentsinvestment | 1,657,028,847.33 | 1,835,822,604.77 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 2,913,523.26 | 3,079,362.12 |
| Fixedassets | 6,405,628,425.71 | 6,818,701,482.08 |
| Including：Fixedassets | 6,405,628,425.71 | 6,818,701,482.08 |
| Liquidationoffixedassets | ||
| Constructioninprogress | 23,578,648.80 | 46,952,925.08 |
| Items | September30,2020 | December31,2019 |
| Including：Constructioninprogress | 23,578,648.80 | 46,952,925.08 |
| Engineeringmaterial | ||
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 1,955,691.81 | 2,533,878.12 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | ||
| Deferredincometaxasset | 350,725,570.29 | 385,296,935.33 |
| Othernon-currentasset | 264,364.98 | 36,901,029.57 |
| Totalofnon-currentassets | 13,878,364,908.07 | 14,456,596,809.22 |
| Totalofassets | 16,803,347,494.38 | 17,436,655,751.42 |
| Currentliabilities | ||
| Short-termloans | 200,000,000.00 | |
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 146,992,135.34 | 129,930,285.56 |
| Advancereceipts | ||
| ContractLiabilities | ||
| Employees’wagepayable | 6,021,266.35 | 6,340,740.61 |
| Taxpayable | 5,918,764.00 | 8,704,510.83 |
| Otheraccountpayable | 349,837,977.63 | 582,131,356.01 |
| Including：Interestpayable | ||
| Dividendpayable | 22,262,804.39 | 20,020,119.31 |
| Otheraccountpayable | 327,575,173.24 | 562,111,236.70 |
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 171,707,907.69 | 744,589,133.72 |
| Othercurrentliability | 574,316,635.90 | 821,133,339.57 |
| Totalofcurrentliability | 1,454,794,686.91 | 2,292,829,366.30 |
| Non-currentliabilities： | ||
| Long-termloan | 4,023,762,500.00 | 4,243,730,000.00 |
| Items | September30,2020 | December31,2019 |
| Bondpayable | 1,426,251,240.76 | 678,124,972.89 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 40,406,172.36 | 39,369,379.91 |
| Including：Long-termpayable | 40,406,172.36 | 39,369,379.91 |
| Specialpayable | ||
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 14,223,938.99 | |
| Deferredincometaxliability | 85,279,917.20 | 129,978,356.56 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 5,589,923,769.31 | 5,091,202,709.36 |
| Totalofliability | 7,044,718,456.22 | 7,384,032,075.66 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 3,001,183,746.93 | 2,974,458,696.93 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 246,323,864.67 | 382,193,344.90 |
| Specialreserve | ||
| Surplusreserves | 894,580,785.25 | 894,580,785.25 |
| Retainedprofit | 3,525,734,515.31 | 3,710,584,722.68 |
| Totalofowners’equity | 9,758,629,038.16 | 10,052,623,675.76 |
| Totalofliabilitiesandowners’equity | 16,803,347,494.38 | 17,436,655,751.42 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhi
Person-in-chargeoftheaccountingorgan：ZhouFang
3.ConsolidatedIncomestatementoftheReportperiod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Turnover | 763,407,014.35 | 796,831,081.45 |
| Including:Operatingincome | 763,407,014.35 | 796,831,081.45 |
| Interestincome | ||
| Insurancefeeearned | ||
| Feeandcommissionreceived | ||
| II.Totaloperatingcosts | 430,797,879.65 | 408,683,513.05 |
| Including：Operatingcosts | 338,231,885.58 | 310,517,119.58 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Appropriationofdepositforduty,net | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 3,316,464.07 | 3,696,459.38 |
| Salesexpense | ||
| Administrativeexpense | 35,592,532.20 | 40,415,600.33 |
| R&Dexpense | ||
| Financialexpenses | 53,656,997.80 | 54,054,333.76 |
| Including：Interestexpense | 64,237,587.95 | 58,646,545.15 |
| Interestincome | 10,202,793.23 | 5,500,733.79 |
| Add：Otherincome | 2,488,809.85 | 725,865.31 |
| Investmentgain（“-”forloss） | 153,637,927.67 | 139,449,983.30 |
| Including:investmentgainsfromaffiliates | 153,637,927.67 | 139,066,452.38 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue |
| Items | Amountinthisperiod | Amountinlastperiod |
| Creditimpairmentloss | ||
| Impairmentlossofassets | ||
| Assetsdisposalincome | ||
| III.Operatingprofit（“-”forloss） | 488,735,872.22 | 528,323,417.01 |
| Add：Non-operatingincome | 2,031,835.52 | 1,237,352.91 |
| Less:Non-operatingexpenses | 955,571.20 | 485,161.05 |
| IV.Totalprofit(“-”forloss) | 489,812,136.54 | 529,075,608.87 |
| Less：Incometaxexpenses | 88,118,624.57 | 98,800,338.73 |
| V.Netprofit | 401,693,511.97 | 430,275,270.14 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | 401,693,511.97 | 430,275,270.14 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| 1.Netprofitattributabletotheownersofparentcompany | 351,032,289.60 | 371,244,455.76 |
| 2.Minorityshareholders’equity | 50,661,222.37 | 59,030,814.38 |
| VI.Netafter-taxofothercomprehensiveincome | 8,043,444.30 | 24,758,918.08 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | 8,043,444.30 | 24,758,918.08 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 12,350,884.56 | 22,937,357.04 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 12,350,884.56 | 22,937,357.04 |
| 4.Changesinthefairvalueofthecompany’screditrisks |
| Items | Amountinthisperiod | Amountinlastperiod |
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | -4,307,440.26 | 1,821,561.04 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -4,307,440.26 | 1,821,561.04 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | 409,736,956.27 | 455,034,188.22 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 359,075,733.90 | 396,003,373.84 |
| Totalcomprehensiveincomeattributableminorityshareholders | 50,661,222.37 | 59,030,814.38 |
| VIII.Earningspershare | ||
| （I）Basicearningspershare | 0.17 | 0.18 |
| (II)Dilutedearningspershare | 0.17 | 0.18 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhi
Person-in-chargeoftheaccountingorgan：ZhouFang
4.IncomestatementoftheParentCompanyoftheReportperiod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Revenue | 345,290,053.53 | 342,418,541.44 |
| Including：Operatingcosts | 215,071,734.20 | 198,429,214.26 |
| Businesstaxandsurcharge | 1,871,678.43 | 2,004,169.87 |
| Salesexpense | ||
| Administrativeexpense | 22,317,906.60 | 24,497,934.85 |
| R&Dexpense | ||
| Financialexpenses | 51,365,737.56 | 49,775,101.80 |
| Including：Interestexpenses | 62,681,289.65 | 55,249,291.52 |
| Interestincome | 10,152,704.97 | 5,487,589.69 |
| Add：Otherincome | 820,611.86 | |
| Investmentgain（“-”forloss） | 349,779,119.77 | 154,270,235.80 |
| Including:investmentgainsfromaffiliates | 152,563,256.87 | 139,066,452.38 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | ||
| Impairmentlossofassets | ||
| Assetsdisposalincome | ||
| II.Operatingprofit（“-”forloss） | 405,262,728.37 | 221,982,356.46 |
| Add：Non-operatingincome | 1,821,874.42 | 953,148.06 |
| Less：Non-operatingexpenses | 400,686.60 | 357,431.46 |
| III.Totalprofit(“-”forloss) | 406,683,916.19 | 222,578,073.06 |
| Less：Incometaxexpenses | 21,558,803.60 | 20,782,022.44 |
| IV.Netprofit | 385,125,112.59 | 201,796,050.62 |
| 1.Netcontinuingoperatingprofit | 385,125,112.59 | 201,796,050.62 |
| 2.Terminationofoperatingnetprofit |
| Items | Amountinthisperiod | Amountinlastperiod |
| V.Netafter-taxofothercomprehensiveincome | 8,043,444.30 | 24,758,918.08 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 12,350,884.56 | 22,937,357.04 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 12,350,884.56 | 22,937,357.04 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| (II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | -4,307,440.26 | 1,821,561.04 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -4,307,440.26 | 1,821,561.04 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| VI.Totalcomprehensiveincome | 393,168,556.89 | 226,554,968.70 |
| VII.Earningspershare | ||
| （I）Basicearningspershare |
| Items | Amountinthisperiod | Amountinlastperiod |
| (II)Dilutedearningspershare |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhiPerson-in-chargeoftheaccountingorgan：ZhouFang
5.ConsolidatedIncomestatementbetweenthebeginningoftheyearandendofthereportperiod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Turnover | 1,424,305,976.14 | 2,280,504,326.66 |
| Including：Operatingincome | 1,424,305,976.14 | 2,280,504,326.66 |
| Interestincome | ||
| Insurancefeeearned | ||
| Commissionchargeandcommissionincome | ||
| II.Totaloperatingcosts | 1,145,251,508.45 | 1,145,369,320.38 |
| Including：Operatingcosts | 862,407,010.64 | 860,140,930.07 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Appropriationofdepositforduty,net | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 6,990,268.04 | 10,253,483.35 |
| Salesexpense | ||
| Administrativeexpense | 103,583,451.68 | 117,390,810.80 |
| R&Dexpense | ||
| Financialexpenses | 172,270,778.09 | 157,584,096.16 |
| Including：Interestexpense | 196,012,356.85 | 173,687,402.86 |
| Interestincome | 24,963,549.41 | 21,262,441.48 |
| Items | Amountinthisperiod | Amountinlastperiod |
| Add：Otherincome | 6,360,099.05 | 1,146,092.93 |
| Investmentgain（“-”forloss） | 260,276,492.20 | 415,691,849.62 |
| Including:investmentgainsfromaffiliates | 209,491,279.16 | 376,779,450.47 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | -236,683.81 | |
| Impairmentlossofassets | ||
| Assetsdisposalincome | 4.37 | 13,129,094.29 |
| III.Operatingprofit（“-”forloss） | 545,454,379.50 | 1,565,102,043.12 |
| Add：Non-operatingincome | 6,109,512.47 | 1,972,712.67 |
| Less:Non-operatingexpense | 3,147,579.68 | 4,716,569.00 |
| IV.Totalprofit(“-”forloss) | 548,416,312.29 | 1,562,358,186.79 |
| Less：Incometaxexpenses | 131,358,775.61 | 288,497,112.78 |
| V.Netprofit | 417,057,536.68 | 1,273,861,074.01 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | 417,057,536.68 | 1,273,861,074.01 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| 1.Netprofitattributabletotheownersofparentcompany | 345,202,032.42 | 1,107,730,568.06 |
| 2.Minorityshareholders’equity | 71,855,504.26 | 166,130,505.95 |
| VI.Netafter-taxofothercomprehensiveincome | -135,869,480.23 | 43,697,001.82 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | -135,869,480.23 | 43,697,001.82 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -134,095,318.08 | 42,345,889.92 |
| Items | Amountinthisperiod | Amountinlastperiod |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -134,095,318.08 | 42,345,889.92 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| (II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | -1,774,162.15 | 1,351,111.90 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -1,774,162.15 | 1,351,111.90 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | 281,188,056.45 | 1,317,558,075.83 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 209,332,552.19 | 1,151,427,569.88 |
| Totalcomprehensiveincomeattributableminorityshareholders | 71,855,504.26 | 166,130,505.95 |
| VIII.Earningspershare |
| Items | Amountinthisperiod | Amountinlastperiod |
| （I）Basicearningspershare | 0.17 | 0.53 |
| (II)Dilutedearningspershare | 0.17 | 0.53 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhiPerson-in-chargeoftheaccountingorgan：ZhouFang
6.IncomeStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Revenue | 638,869,783.57 | 965,545,058.79 |
| Including：Operatingcosts | 543,729,693.04 | 527,619,888.78 |
| Businesstaxandsurcharge | 4,286,607.15 | 5,490,462.24 |
| Salesexpense | ||
| Administrativeexpense | 62,581,563.09 | 71,493,995.49 |
| R&Dexpense | ||
| Financialexpenses | 163,307,565.75 | 146,152,262.04 |
| Including：Interestexpenses | 189,304,423.71 | 164,808,705.82 |
| Interestincome | 24,870,918.66 | 21,139,717.95 |
| Add：Otherincome | 2,169,427.73 | 70,758.72 |
| Investmentgain（“-”forloss） | 862,863,321.92 | 1,129,929,737.50 |
| Including:investmentgainsfromaffiliates | 208,416,608.36 | 376,779,450.47 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss |
| Items | Amountinthisperiod | Amountinlastperiod |
| Impairmentlossofassets | ||
| Assetsdisposalincome | 4.37 | |
| II.Operatingprofit（“-”forloss） | 729,997,108.56 | 1,344,788,946.46 |
| Add：Non-operatingincome | 2,854,966.85 | 1,252,084.02 |
| Less：Non-operatingexpenses | 810,732.57 | 728,260.63 |
| III.Totalprofit(“-”forloss) | 732,041,342.84 | 1,345,312,769.85 |
| Less：Incometaxexpenses | 34,571,365.04 | 64,865,201.09 |
| IV.Netprofit | 697,469,977.80 | 1,280,447,568.76 |
| 1.Netcontinuingoperatingprofit | 697,469,977.80 | 1,280,447,568.76 |
| 2.Terminationofoperatingnetprofit | ||
| V.Netafter-taxofothercomprehensiveincome | -135,869,480.23 | 43,697,001.82 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -134,095,318.08 | 42,345,889.92 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -134,095,318.08 | 42,345,889.92 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | -1,774,162.15 | 1,351,111.90 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -1,774,162.15 | 1,351,111.90 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets |
| Items | Amountinthisperiod | Amountinlastperiod |
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| VI.Totalcomprehensiveincome | 561,600,497.57 | 1,324,144,570.58 |
| VII.Earningspershare | ||
| （I）Basicearningspershare | ||
| (II)Dilutedearningspershare |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhiPerson-in-chargeoftheaccountingorgan：ZhouFang
7.ConsolidatedCashFlowStatementBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 1,414,313,148.67 | 2,344,383,753.90 |
| Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
| Netincreaseofloansfromcentralbank | ||
| Netincreaseofinter-bankloansfromotherfinancialbodies | ||
| Cashreceivedagainstoriginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofclientdepositandinvestment |
| Items | Amountinthisperiod | Amountinlastperiod |
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofinter-bankfundreceived | ||
| Netincreaseofrepurchasingbusiness | ||
| Netcashreceivedbyagentinsecuritiestrading | ||
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 90,863,613.91 | 44,239,546.43 |
| Sub-totalofcashinflow | 1,505,176,762.58 | 2,388,623,300.33 |
| Cashpaidforpurchasingofmerchandiseandservices | 121,141,667.08 | 175,258,111.40 |
| Netincreaseofclienttradeandadvance | ||
| Netincreaseofsavingsincentralbankandbrothercompany | ||
| Cashpaidfororiginalcontractclaim | ||
| NetincreaseforOutgoingcallloan | ||
| Cashpaidforinterest,processingfeeandcommission | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtostaffsorpaidforstaffs | 198,975,181.20 | 216,220,155.68 |
| Taxespaid | 150,371,056.82 | 310,136,078.87 |
| Othercashpaidforbusinessactivities | 37,481,357.28 | 52,225,350.39 |
| Sub-totalofcashoutflowfrombusinessactivities | 507,969,262.38 | 753,839,696.34 |
| Netcashgeneratedfrom/usedinoperatingactivities | 997,207,500.20 | 1,634,783,603.99 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | ||
| Cashreceivedasinvestmentgains | 227,191,465.51 | 270,260,694.55 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 19,025.00 | 13,963,900.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits |
| Items | Amountinthisperiod | Amountinlastperiod |
| Otherinvestment-relatedcashreceived | ||
| Sub-totalofcashinflowduetoinvestmentactivities | 227,210,490.51 | 284,224,594.55 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 287,376,018.67 | 587,874,379.29 |
| Cashpaidasinvestment | 80,000,000.00 | |
| Netincreaseofloanagainstpledge | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 367,376,018.67 | 587,874,379.29 |
| Netcashflowgeneratedbyinvestment | -140,165,528.16 | -303,649,784.74 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Including:Cashreceivedasinvestmentfromminorshareholders | ||
| Cashreceivedasloans | 1,395,000,000.00 | 3,756,700,000.00 |
| Otherfinancing–relatedcashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 1,395,000,000.00 | 3,756,700,000.00 |
| Cashtorepaydebts | 1,330,808,612.50 | 3,014,002,500.00 |
| Cashpaidasdividend,profit,orinterests | 1,122,241,257.94 | 1,587,922,592.34 |
| Including:Dividendandprofitpaidbysubsidiariestominorshareholders | ||
| Othercashpaidforfinancingactivities | 1,122,177.00 | 791,384.00 |
| Sub-totalofcashoutflowduetofinancingactivities | 2,454,172,047.44 | 4,602,716,476.34 |
| Netcashflowgeneratedbyfinancing | -1,059,172,047.44 | -846,016,476.34 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | 1,728,690.91 | -1,534,520.73 |
| V.Netincreaseofcashandcashequivalents | -200,401,384.49 | 483,582,822.18 |
| Items | Amountinthisperiod | Amountinlastperiod |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 2,816,699,694.50 | 2,123,303,796.32 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 2,616,298,310.01 | 2,606,886,618.50 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhiPerson-in-chargeoftheaccountingorgan：ZhouFang
8.CashFlowStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 653,751,664.34 | 991,093,953.83 |
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 56,397,055.19 | 40,435,161.13 |
| Sub-totalofcashinflow | 710,148,719.53 | 1,031,529,114.96 |
| Cashpaidforpurchasingofmerchandiseandservices | 28,094,034.65 | 56,811,641.02 |
| Cashpaidtostaffsorpaidforstaffs | 78,319,133.22 | 84,950,880.56 |
| Taxespaid | 24,748,390.60 | 36,317,795.45 |
| Othercashpaidforbusinessactivities | 277,964,701.39 | 170,450,166.76 |
| Sub-totalofcashoutflowfrombusinessactivities | 409,126,259.86 | 348,530,483.79 |
| Netcashgeneratedfrom/usedinoperatingactivities | 301,022,459.67 | 682,998,631.17 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | 5,000,000.00 | |
| Cashreceivedasinvestmentgains | 711,991,591.17 | 941,023,466.69 |
| Netcashretrievedfromdisposalof | 7,700.00 | 4,900.00 |
| Items | Amountinthisperiod | Amountinlastperiod |
| fixedassets,intangibleassets,andotherlong-termassets | ||
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | ||
| Sub-totalofcashinflowduetoinvestmentactivities | 711,999,291.17 | 946,028,366.69 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 184,304,883.00 | 548,481,380.34 |
| Cashpaidasinvestment | 82,000,000.00 | |
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 266,304,883.00 | 548,481,380.34 |
| Netcashflowgeneratedbyinvestment | 445,694,408.17 | 397,546,986.35 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Cashreceivedasloans | 1,335,000,000.00 | 3,290,000,000.00 |
| Otherfinancing–relatedashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 1,335,000,000.00 | 3,290,000,000.00 |
| Cashtorepaydebts | 1,330,808,612.50 | 2,572,317,500.00 |
| Cashpaidasdividend,profit,orinterests | 960,804,497.31 | 1,350,708,402.36 |
| Othercashpaidforfinancingactivities | 1,122,177.00 | 791,384.00 |
| Sub-totalofcashoutflowduetofinancingactivities | 2,292,735,286.81 | 3,923,817,286.36 |
| Netcashflowgeneratedbyfinancing | -957,735,286.81 | -633,817,286.36 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | 1,728,690.91 | -1,534,520.73 |
| V.Netincreaseofcashandcashequivalents | -209,289,728.06 | 445,193,810.43 |
| Add:balanceofcashandcash | 2,790,163,301.78 | 2,095,376,368.04 |
| Items | Amountinthisperiod | Amountinlastperiod |
| equivalentsatthebeginningofterm | ||
| VI..Balanceofcashandcashequivalentsattheendofterm | 2,580,873,573.72 | 2,540,570,178.47 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhiPerson-in-chargeoftheaccountingorgan：ZhouFangIIAdjustmentstotheFinancialStatements
1.Adjustmentoftherelevantitemsofthefinancialstatementsatthecurrentyearbeginningaccordingtothenewstandardsforfinancialinstruments,thenewstandardsforrevenuesandthenewstandardsforleaseimplementedcommencingfromyear2020
√Applicable□NotapplicableWhethertoadjustthebalancesheetaccountsatthebeginningoftheyear
√Yes□NoConsolidatedbalancesheet
InRMB
| Items | December31,2019 | January1,2020 | Adjustment |
| Currentasset： | |||
| Monetaryfund | 2,817,920,894.50 | 2,817,920,894.50 | |
| Settlementprovision | |||
| Outgoingcallloan | |||
| Transactionalfinancialassets | |||
| Derivativefinancialassets | |||
| Notesreceivable | |||
| Accountreceivable | 125,343,724.66 | 127,694,377.99 | 2,350,653.33 |
| Financingofreceivables | |||
| Prepayments | 10,894,246.41 | 10,894,246.41 | |
| Insurancereceivable | |||
| Reinsurancereceivable |
| Items | December31,2019 | January1,2020 | Adjustment |
| ProvisionsofReinsurancecontractsreceivable | |||
| Otheraccountreceivable | 26,618,178.57 | 19,172,247.47 | -7,445,931.10 |
| Including：Interestreceivable | |||
| Dividendreceivable | 7,205,472.90 | 7,205,472.90 | |
| Otherreceivable | 19,412,705.67 | 11,966,774.57 | -7,445,931.10 |
| Repurchasingoffinancialassets | |||
| Inventories | 111,683.22 | 111,683.22 | |
| Contractassets | 5,095,277.77 | 5,095,277.77 | |
| Assetsheldforsales | |||
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 | |
| Othercurrentasset | |||
| Totalofcurrentassets | 2,980,940,472.68 | 2,980,940,472.68 | |
| Non-currentassets： | |||
| Loanandadvancementprovided | |||
| Creditor'srightinvestment | |||
| OtherCreditor'srightinvestment | |||
| Long-termreceivable | |||
| Longtermshareequityinvestment | 3,255,739,898.36 | 3,255,739,898.36 | |
| Otherequityinstrumentsinvestment | 1,835,822,604.77 | 1,835,822,604.77 | |
| Othernon-currentfinancialassets | |||
| Propertyinvestment | 3,331,500.37 | 3,331,500.37 | |
| Fixedassets | 8,925,700,473.65 | 8,925,700,473.65 | |
| Including：Fixedassets | 8,925,700,473.65 | 8,925,700,473.65 | |
| Liquidationoffixedassets | |||
| Constructioninprogress | 229,098,299.48 | 229,098,299.48 | |
| Including:Constructioninprogress | 229,098,299.48 | 229,098,299.48 |
| Items | December31,2019 | January1,2020 | Adjustment |
| Engineeringmaterial | |||
| Productionphysicalassets | |||
| Oil&gasassets | |||
| Userightassets | |||
| Intangibleassets | 6,393,895.17 | 6,393,895.17 | |
| Developmentexpenses | |||
| Goodwill | |||
| Long-germexpensestobeamortized | 1,114,764.44 | 1,114,764.44 | |
| Deferredincometaxasset | 385,494,106.13 | 385,494,106.13 | |
| Othernon-currentasset | 50,909,325.73 | 50,909,325.73 | |
| Totalofnon-currentassets | 14,693,604,868.10 | 14,693,604,868.10 | |
| Totalofassets | 17,674,545,340.78 | 17,674,545,340.78 | |
| Currentliabilities | |||
| Short-termloans | |||
| LoanfromCentralBank | |||
| Borrowingfunds | |||
| Transactionalfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | |||
| Accountpayable | 290,657,734.31 | 290,657,734.31 | |
| Advancereceipts | 15,605,094.69 | 12,817,484.06 | -2,787,610.63 |
| Contractliabilities | 2,787,610.63 | 2,787,610.63 | |
| Sellingofrepurchasedfinancialassets | |||
| Deposittakingandinterbankdeposit | |||
| Entrustedtradingofsecurities | |||
| Entrustedsellingofsecurities | |||
| Employees’wagepayable | 14,822,524.70 | 14,822,524.70 | |
| Taxpayable | 84,257,586.94 | 84,257,586.94 | |
| Otheraccountpayable | 626,180,586.92 | 626,180,586.92 | |
| Including：Interestpayable |
| Items | December31,2019 | January1,2020 | Adjustment |
| Dividendpayable | 20,020,119.31 | 20,020,119.31 | |
| Otherpayable | 606,160,467.61 | 606,160,467.61 | |
| Feesandcommissionspayable | |||
| Reinsurancefeepayable | |||
| Liabilitiesheldforsales | |||
| Non-currentliabilityduewithin1year | 795,861,958.07 | 795,861,958.07 | |
| Othercurrentliability | 189,628.17 | 189,628.17 | |
| Totalofcurrentliability | 1,827,575,113.80 | 1,827,575,113.80 | |
| Non-currentliabilities： | |||
| Reservefundforinsurancecontracts | |||
| Long-termloan | 4,640,425,000.00 | 4,640,425,000.00 | |
| Bondpayable | 678,124,972.89 | 678,124,972.89 | |
| Including：preferredstock | |||
| Sustainabledebt | |||
| Leaseliability | |||
| Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
| Including：Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
| Specialpayable | |||
| Long-termremunerationpayabletostaff | |||
| Expectedliabilities | |||
| Deferredincome | |||
| Deferredincometaxliability | 238,453,976.29 | 238,453,976.29 | |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 5,596,373,329.09 | 5,596,373,329.09 | |
| Totalofliability | 7,423,948,442.89 | 7,423,948,442.89 | |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Otherequityinstruments | |||
| Including：preferredstock |
| Items | December31,2019 | January1,2020 | Adjustment |
| Sustainabledebt | |||
| Capitalreserves | 2,562,570,465.31 | 2,562,570,465.31 | |
| Less：Sharesinstock | |||
| Othercomprehensiveincome | 382,193,344.90 | 382,193,344.90 | |
| Specialreserve | |||
| Surplusreserves | 910,425,068.90 | 910,425,068.90 | |
| Commonriskprovision | |||
| Retainedprofit | 3,877,431,844.64 | 3,877,431,844.64 | |
| Totalofowner’sequitybelongtotheparentcompany | 9,823,426,849.75 | 9,823,426,849.75 | |
| Minorityshareholders’equity | 427,170,048.14 | 427,170,048.14 | |
| Totalofowners’equity | 10,250,596,897.89 | 10,250,596,897.89 | |
| Totalofliabilitiesandowners’equity | 17,674,545,340.78 | 17,674,545,340.78 |
Adjustmentstatement
OnJuly5,2017,theMinistryofFinanceissuedtheNoticeonRevisingandIssuingAccountingStandardsforEnterprisesNo.14-Income(CK[2017]No.22)(hereinafterreferredtoasthe"NewIncomeStandards").AfterthefourthmeetingoftheninthboardofdirectorsofthecompanyapprovedtheresolutiononApril3,2020,thecompanywillimplementtheaforesaidNewIncomeStandardsfromJanuary1,2020.Accordingtotherelevantrequirementsoftheabove-mentionedNewIncomeStandards,thecompanymustmakecorrespondingadjustmentstotherelevantaccountingpoliciespreviouslyadopted.
UndertheNewIncomeStandards,theCompanyshallfirstrecognizetheamountofmerchandisesalesreceivedinadvancefromcustomersasacontractualliabilityandconvertitintoincomewhenrelevantperformanceobligationsarefulfilled;Thecompanyhastransferredgoodstocustomersandhastherighttoreceiveconsideration,ofwhichunconditional(onlydependingonthepassageoftime)shallberecognizedasaccountsreceivable,andthosedependingonotherfactorsotherthanthepassageoftimeshallberecognizedascontractassets.
TheCompanyretroactivelyappliedtheNewIncomeStandards,butchosenottorestatetheclassificationandmeasurement(includingimpairment)involvingtheinconsistencybetweenthedatainthepreviouscomparativefinancialstatementsandtheNewIncomeStandards.Therefore,theCompanyadjustedtheaccountsreceivable,otherreceivables,contractualassets,pre-paidaccountsandcontractualliabilitiesatthebeginningof2020forthecumulativeimpactofthefirstimplementationoftherevisedstandards,andthefinancialstatementsfor2019werenotrestated.ParentCompanyBalanceSheet
InRMB
| Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
| Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
| Currentasset： | |||
| Monetaryfund | 2,791,384,501.78 | 2,791,384,501.78 | |
| Transactionalfinancialassets | |||
| Derivativefinancialassets | |||
| Notesreceivable | |||
| Accountreceivable | 21,864,051.27 | 21,864,051.27 | |
| Financingofreceivables | |||
| Prepayments | 1,737,598.88 | 1,737,598.88 | |
| Otheraccountreceivable | 13,435,651.19 | 13,435,651.19 | |
| Including：Interestreceivable | |||
| Dividendreceivable | 7,205,472.90 | 7,205,472.90 | |
| Otherreceivable | 6,230,178.29 | 6,230,178.29 | |
| Inventories | |||
| Contractassets | |||
| Assetsheldforsales | |||
| Non-currentassetduewithin1year | 151,637,139.08 | 151,637,139.08 | |
| Othercurrentasset | |||
| Totalofcurrentassets | 2,980,058,942.20 | 2,980,058,942.20 | |
| Non-currentassets： | |||
| Creditor'srightsinvestment | 537,903,684.98 | 537,903,684.98 | |
| OtherCreditor'srightsinvestment | |||
| Long-termaccountreceivable | |||
| Longtermshareequityinvestment | 4,789,404,907.17 | 4,789,404,907.17 | |
| Otherequityinstrumentsinvestment | 1,835,822,604.77 | 1,835,822,604.77 | |
| Othernon-currentfinancialassets | |||
| Propertyinvestment | 3,079,362.12 | 3,079,362.12 | |
| Fixedassets | 6,818,701,482.08 | 6,818,701,482.08 | |
| Including：Fixedassets | 6,818,701,482.08 | 6,818,701,482.08 |
| Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
| Liquidationoffixedassets | |||
| Constructioninprogress | 46,952,925.08 | 46,952,925.08 | |
| Including:Constructioninprogress | 46,952,925.08 | 46,952,925.08 | |
| Engineeringmaterial | |||
| Productionphysicalassets | |||
| Oil&gasassets | |||
| Userightassets | |||
| Intangibleassets | 2,533,878.12 | 2,533,878.12 | |
| Developmentexpenses | |||
| Goodwill | |||
| Long-germexpensestobeamortized | |||
| Deferredincometaxasset | 385,296,935.33 | 385,296,935.33 | |
| Othernon-currentasset | 36,901,029.57 | 36,901,029.57 | |
| Totalofnon-currentassets | 14,456,596,809.22 | 14,456,596,809.22 | |
| Totalofassets | 17,436,655,751.42 | 17,436,655,751.42 | |
| Currentliabilities | |||
| Short-termloans | |||
| Transactionalfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | |||
| Accountpayable | 129,930,285.56 | 129,930,285.56 | |
| Advancereceipts | |||
| ContractLiabilities | |||
| Employees’wagepayable | 6,340,740.61 | 6,340,740.61 | |
| Taxpayable | 8,704,510.83 | 8,704,510.83 | |
| Otheraccountpayable | 582,131,356.01 | 582,131,356.01 | |
| Including：Interestpayable | |||
| Dividendpayable | 20,020,119.31 | 20,020,119.31 | |
| Otherpayable | 562,111,236.70 | 562,111,236.70 | |
| Liabilitiesheldforsales | |||
| Non-currentliabilitydue | 744,589,133.72 | 744,589,133.72 |
| Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
| within1year | |||
| Othercurrentliability | 821,133,339.57 | 821,133,339.57 | |
| Totalofcurrentliability | 2,292,829,366.30 | 2,292,829,366.30 | |
| Non-currentliabilities： | |||
| Long-termloan | 4,243,730,000.00 | 4,243,730,000.00 | |
| Bondpayable | 678,124,972.89 | 678,124,972.89 | |
| Including：preferredstock | |||
| Sustainabledebt | |||
| Leaseliability | |||
| Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
| Including：Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
| Specialpayable | |||
| Long-termremunerationpayabletostaff | |||
| Expectedliabilities | |||
| Deferredincome | |||
| Deferredincometaxliability | 129,978,356.56 | 129,978,356.56 | |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 5,091,202,709.36 | 5,091,202,709.36 | |
| Totalofliability | 7,384,032,075.66 | 7,384,032,075.66 | |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Otherequityinstruments | |||
| Including：preferredstock | |||
| Sustainabledebt | |||
| Capitalreserves | 2,974,458,696.93 | 2,974,458,696.93 | |
| Less：Sharesinstock | |||
| Othercomprehensiveincome | 382,193,344.90 | 382,193,344.90 | |
| Specialreserve | |||
| Surplusreserves | 894,580,785.25 | 894,580,785.25 | |
| Retainedprofit | 3,710,584,722.68 | 3,710,584,722.68 | |
| Totalofowners’equity | 10,052,623,675.76 | 10,052,623,675.76 |
| Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
| Totalofliabilitiesandowners’equity | 17,436,655,751.42 | 17,436,655,751.42 |
Adjustmentstatement
2.Notetotheretroactiveadjustmentofthepreviouscomparativedataaccordingtothenewstandardsforfinancialinstrumentsandthenewstandardsforleaseimplementedcommencingfromyear2020
□Applicable√NotapplicableIII.Auditor’reportIstheThirdQuarterlyReportbeaudited?
□Yes√NoTheThirdQuarterlyreportisnotaudited.