(1)
(2) A
(3)
(4)
13 65 68 126
66 67
2017 9 26 9 2017 10 27 9
2017 9 26 9 30 A
2017 10 27 9 30 2017 9 26
10 A H 2017 10 27 10
A H 9 3
XVII-1 XX-3
H 2017 8 7
http://www.hkexnews.hk H
H
H
183 1712–1716
9 H
24
H
* 2017 10 11
................................................................ 1
. .......................................................... 13
................................................... 66
..................................................... 68
............................................ I-1
........................................ II-1
........................................ III-1
........................................ IV-1
........................................ V-1
...................................... VI-1
.................................... VII-1
.................................... VIII-1
.................................... IX-1
........ X-1
............................... XI-1
............................... XII-1
–i–
............................... XIII-1
........................... XIV-1
................................................ XV-1
....................... XVI–1
2017 3 .............................. XVII-1
2017 1 H .......................... XVIII-1
2017 3 .......................... XIX-1
2017 1 H ....................... XX-1
– ii –
A
1.00
A A
A 2017 10 27
A A
A A
A H
105,018,242
19.94%
–1–
H A 1108
600876
(i)
100% (ii)
100% (iii)
70.99%
33,030,516 A
6.27%
2017 10 27
A
A
–2–
2017 2 7 (1)
(2) A
(3)
A
13,126,864 A 100%
2017 2 7
2017 2 7
100%
A
2017 8 7
–3–
A
2017 8 7
(i) (ii)
(iii)
H
1.00
H H
H 2017 10 27 A
H H
A A
2011
76.92% 23.08%
–4–
A A
1
4 6
A A
(i) (ii)
(iii)
A
A
–5–
2017 2 6 H
2017 10 6
10.2.2
A A
(2) A A
A
A A
(2) A A
A
–6–
2017 12 31 2018 12
31 2019 12 31 2018 12 31 2019 12
31 2020 12 31
(1)
A 10 A
511,865,700
(i)
100% (ii)
100% (iii)
70.99%
(1)
–7–
A
A
A
9,452,076 A
100%
2017 2 7
2017
2 7
100%
A
–8–
2017 8 7
A
2017 8 7
571
1.00 A H
A A
2017 8 7
–9–
A
2017 2 24
A
10,451,576 A
70.99%
2017 2 7
2017 2 7
70.99%
A
– 10 –
2017 8 7
A
2017 8 7
2010
67.47% 25.03% 7.5%
A A A
2017 2 7
A
A 10%
A A
– 11 –
2017 2 24
A
26 1
26
2016
51% 29.01% 12.75% 7.24%
%
– 12 –
9
(1)
(2) A
(3)
(4)
2016 12 7
– 13 –
2017 2 7 (i) 2017 8 7
100% (ii)
2017 8 7
100% (iii)
2017 8 7
70.99%
2017 2 7 (i) (ii)
(iii) 2017 8
7 (a) (b)
(c)
A 2017 2 7
2017 2 24
A A 10%
A
(i)
A A (ii)
(iii)
– 14 –
A A (iv)
A A
(v) (vi)
(1)
1.
(i)
2017 2 7 2017 8 7
(1)
(2)
14A
2017 8 7
76.92% 23.08%
307,825,000
2016 10 31
2017 8 3
2016 10 31
100% 30,782.50 307,825,000
13,126,864 A
– 15 –
(ii)
2017 2 7 2017 8 7
(1)
(2)
14A
2017 8 7
67.47% 25.03%
7.5%
221,651,200
2016 10 31
2017 8 3
2016 10 31
100% 22,165.11
221,651,200 9,452,076 A
– 16 –
(iii)
2017 2 7 2017 8 7
(1)
(2)
14A
2017 8 7
51%
12.75% 7.24% 70.99%
245,089,500
2016 10 31 70.99%
2017 8 3
2016 10 31 100%
34,523.83 245,089,500
10,451,576 A
29.01%
– 17 –
14.61
11.1(a)
14.61 11.1(a)
14.60A 14.62
10 11
14.60A 14.62 10
14.62 10
10.2
1.
– 18 –
2.
3.
4.
1.
2.
3.
4.
– 19 –
5.
6.
7.
8.
9.
10.
11. 2016 12 5
3
1
12.
1+3+8 [2016]42
2
(1) 2016 1 29
(i)
(ii)
(iii)
(iv)
10% (v)
(a) 50 5%
– 20 –
(b) 50 200
4% (c) 200 3% (vi)
60% (vii)
60% (viii) (ix)
2016
12 5
(2) 2016 2017 7
2016
2017 5.76 2018 2022
1%-4%
– 21 –
10.3%
2017 2.55 2018 2022
0.3%-0.7%
10.2%
2017 2.74 2018
62% 2019 2022
3%-8%
10.3%
2016 12 31
– 22 –
(i)
(ii)
(iii)
10 9
2017 7
2016 10 31 2017 7 31
2017 7 31
11.1(b)
14.62 10 11
– 23 –
236,788,461.54 10,097,588 1.92%
71,036,538.46 3,029,276 0.58%
307,825,000 13,126,864 2.49%
149,552,144.41 6,377,490 1.21%
55,482,150.65 2,365,976 0.45%
16,616,904.94 708,610 0.13%
221,651,200 9,452,076 1.79%
176,085,855.41 7,508,991 1.43%
44,021,463.85 1,877,247 0.36%
24,982,180.74 1,065,338 0.20%
245,089,500 10,451,576 1.98%
– 24 –
23.45
26.50 (i)
2017 2 8 A 20
90% (ii)
(i)20 (ii)60
(iii)120 90% A
2016 9 8 2017 3 9 2016 9
8 A 20 90%
23.45
(a) H 4.51
487.58%
(b) H 5.33
397.19%
(c) 5
H 5.26 403.80%
(d) 10
H 5.27 402.56%
(e) 30
H 5.17 412.54%
– 25 –
(f) 2016 9 7 A
A 25.61 28.94 8.43%
(g) 2017 6 30
524,447,375.98 2017 9 22 2017 6 30
1.00 1.12 2,245%
33,030,516 A
6.27% A
5.90%
A
A H
36
36
(i)
(ii)
12
– 26 –
2016 10 28
36
12 36
12
12
12
12
25% 25%
25%
(i)
6 A 20
(ii)A 6
36 6
– 27 –
i.
ii. A
iii. H
iv.
v.
vi.
vii.
viii.
– 28 –
(i) (iv) (v)
(vii)
(iii)
2017 8 7 6
2017 10 11 14 15 16
20% 6
14 15 16
(i) (ii)
(iii)
– 29 –
2016 10 31
70.99%
12
A A
2017 2 7 (i) (ii)
(iii)
2017 8 7
[2008]43
– 30 –
[2008]43
2017 8 7
A (i)
2017 12 31 39,730,400 (ii) 2018 12
31 61,678,800 (iii) 2019 12 31
69,394,900
A
(i) 2017 12 31 26,214,000 (ii) 2018
12 31 26,367,100 (iii) 2019 12
31 26,719,900
A
(i) A
(ii)
A
– 31 –
(i) 2017 12 31
12,797,400 (ii) 2018 12 31 33,370,300
(iii) 2019 12 31 41,245,000
2017 12 31
2018 1 1 2020 12 31 2017
1 1 2019 12 31 2020 12 31
(i)
74,155,600 (ii)
27,072,700 (iii)
47,147,500
2017 2018 2019 2020 12 31
2017 2018 2019 2020 12 31
2017 8 3
2017 2018 2019
2020 12 31
– 32 –
10
=
(0) (0)
– 33 –
+
+
+
– 34 –
– 35 –
=
(0) (0)
(1)
=
(2)
= 1+
(3)
=
– 36 –
1.00
100%
10
10
30
26
– 37 –
(i) (ii)
(i) (iv) (v)
2011
76.92% 23.08%
76.92% 138,270,841
2017 5 31 179,211,093
2015 2016 12 31 2017
5 31
2017 2016 2015
5 31 12 31 12 31
239,296,806 505,711,315 14,505,906
8,057,485 18,909,802 (11,782,283)
6,819,955 17,832,643 (11,782,283)
1,245,585,521 1,130,822,801 984,700,810
– 38 –
2014 2015 12 31
2016 2
2014 2015 2016
2015 12
2016 2
2014 2015
2016
650T/D
2.5 4.0
2010
67.47% 25.03% 7.5%
67.47% 25.03% 7.5%
97,640,000 40,000,000
10,000,000
– 39 –
2017 5 31
215,015,907 2015 2016 12 31
2017 5 31
2017 2016 2015
5 31 12 31 12 31
106,906,230 233,072,834 69,275,702
7,864,828 35,304,332 843,442
5,892,996 29,929,273 809,311
491,885,795 468,574,897 443,656,703
2014 12 31
2015 10
2014 2015 2016
2015 10
2014 2015
2016
– 40 –
320T/D
2.5
4.0
2016
51% 29.01% 12.75% 7.24%
51% 160,000,000
– 41 –
2017 5 31
324,597,212 2016
12 31 2017 5 31
2016 10 28
2017 2016
5 31 12 31
110,801,652 37,110,963
4,794,672 722,518
3,581,281 539,145
668,177,822 497,887,949
280T/D
1.5 4.0
– 42 –
A
(1)
91%
100%
100%
53.64% 19%
100%
19.94%
13.10%
– 43 –
(2) A
91%
0.13%
100%
100%
1.34% 53.64%
19% 100%
0.54% 0.34% 0.19%
20.56%
12.75%
1.14%
100% 70.99%
(3)
(1)
(2)
1 44.25%
91%
2
100% 100% 70.99%
1,356,917,020.31 3,747,053,630.50
833,647,603.35 2,504,960,002.30 2016 12 31
59,817,125.02
11,516,063.78
– 44 –
(2) A A
10
A 511,865,700
(QFII)
A
A A H
A 2017 2 7
2017 2 24
A A
10% A
2017 2 17
(i)
(ii)
A A 20%
A A A
– 45 –
2017 9 30
[2017][1029]
A 581,625,352
A A
A
A
A A
A
A
A A
A
A
A 1.00
– 46 –
10
A
(QFII)
A
A A
A 12
A A A
36 A
12
36
A A
– 47 –
A
A 100%
100%
A
774,565,700 – 40,000,000
2016 10 –
222,700,000
2016 10
511,865,700 A
511,865,700
– 48 –
A
A
20% 105,353,375 A
A 581,625,352
A A
21,827,961 A 581,625,352 A
559,797,391
A
A A
A
A A
A
A 20 90%
20 A =A
20 A A
20 A
A
– 49 –
1.00
A 1.00 A
A A
A
511,865,700
(i) 410,000,000
(ii) 90,000,000
400
A
A A
A 12
A A
– 50 –
A
2017 2 7 2017 2 24
(1)
(2)
A
A
A 10%
A A
(i)
– 51 –
(ii) A
(iii) H
(iv)
(v)
(vi)
(vii)
(viii)
(ix)
(i) (iv) (v)
A A
– 52 –
A A A
A 20
A A 90%
A
A
A
3
A A A 36
A
14A
– 53 –
A
(i) (ii) A (iii)
A
581,625,352
(ii) (iii)
(i) A A 3
% % %
A
105,018,242 19.94 115,115,830 20.56 115,115,830 19.79
69,000,000 13.10 71,365,976 12.75 71,365,976 12.27
– – 6,377,490 1.14 6,377,490 1.10
– – 708,610 0.13 708,610 0.12
– – 7,508,991 1.34 9,691,787 1.67
174,018,242 33.04 201,076,897 35.92 203,259,693 34.95
– – 1,877,247 0.34 1,877,247 0.32
– – 1,065,338 0.19 1,065,338 0.18
– – 3,029,276 0.54 3,029,276 0.52
– – – – 19,645,165 3.38
A 102,748,633 19.51 102,748,633 18.35 102,748,633 17.67
A 276,766,875 52.54 309,797,391 55.34 331,625,352 57.02
H
248,600,699 47.19 248,600,699 44.41 248,600,699 42.74
H 1,399,301 0.27 1,399,301 0.25 1,399,301 0.24
250,000,000 47.46 250,000,000 44.66 250,000,000 42.98
526,766,875 100 559,797,391 100 581,625,352 100
– 54 –
(1) H H
(2)
(3) A
581,625,352
2015 2015
2015
0.15mm-2mm
– 55 –
(1)
(2)
(3)
– 56 –
2018
66
67
– 57 –
A A
A A
A (i)
410,000,000 (ii)
90,000,000 400
A
66 67
12
– 58 –
105,018,242
19.94%
ITO
69,000,000
13.10%
ITO TFT-LCD
+ +
– 59 –
100% 14
105,018,242 A
19.94% 69,000,000 A 13.10%
19.00%
53.64%
174,018,242 A 33.04%
14A
14A A
5% A 14A
– 60 –
174,018,242 A
33.04% A
201,076,897 A 35.92%
26 1
A A
A A
A
A
A
A
– 61 –
174,018,242 A 33.04%
(a)
(b)
A A
(c)
(d)
(e)
A A
(f)
A A
(g)
22 4
(h) 2016 10 18 69,000,000 A
– 62 –
[2013]110 [2014]17
[2015]31
A A
A A
66 67
– 63 –
A A
68 126
(i)
(ii) (iii) A (iv) A (v)
A A
A A
A A
2017 9 26 9 2017 10 27
9 2017 9 26 9 30
A 2017 10 27 9 30
2017 9 26 10 A H
2017 10 27 10 A
H 9 3
XVII-1 XX-3
H 2017 8 7
http://www.hkexnews.hk H
H
H
183 1712-1716
9 H
– 64 –
24
H
66 67
(1) (2) A (3) A (4)
2017 10 11
1 1.13
– 65 –
(1)
(2) A
(3)
2017 10 11
(i) (ii)
(iii) A (iv) A (v)
13 65
68 126
– 66 –
2017 10 11
– 67 –
18
41
(1)
(2) A
(3)
(i)
(ii) A A
A (iii)
2017 10 11
– 68 –
2016 12 7
2017 2 7 2017 8 7 (i)
100%
307,825,000 13,126,864 A (ii)
100%
221,651,200 9,452,076 A
(iii)
70.99% 245,089,500
10,451,576 A
2017 2 7 10
A 573,457,000
2017 2 24
A A 10% 2017 8 7
A 511,865,700
100% 14
105,018,242 A
19.94% 69,000,000 A
13.10% 19.00%
53.64% 14A
14A A
5% A 14A
– 69 –
174,018,242 A
33.04% A
201,076,897 A 35.92%
26
26 1
(i) (ii) A
A A (iii)
– 70 –
(i) (ii)
(iii)
A
– 71 –
1.
1.1
H A
1.2
2015 2016 12 31 2016 2017
6 30 2016 12
31 2016 2017 6 30
12 31 6 30
2015 2016 2016 2017
662,157 392,096 137,240 154,969
(184,755) 11,516 (25,746) 1,178
– 72 –
12 31 2017
2015 2016 6 30
1,314,035 1,356,917 1,267,087
1,035,690 833,648 742,640
278,345 523,269 524,447
2015 12 31 662.2
2016 12 31 392.1 40.8%
2015 12 31 184.8
2016 12 31
11.5 2016 2015 12
2016 12 31
2016 12 31
0.15
2016 6 30 137.2
2017 6 30 155.0 12.9%
2016 6 30 25.7
2017 6 30
1.2 2017 6 30
2017 6
30 (i) (ii)
2015 12 31 1,314.0
2016 12 31 1,356.9 3.3% 2016
– 73 –
55.2
78.7 62.9
42.6
2016 12 31 1,356.9
2017 6 30 1,267.1 6.6%
66.8
77.4 51.9
55.1 36.2 7.6
2015 12 31 1,035.7
2016 12 31 833.6 19.5% 2016
417.2
124.0 390.2
2016 12 31 833.6
2017 6 30 742.6 10.9%
359.9 40.0 13.4
306.5
2.
174,018,242 A
33.04%
– 74 –
ITO TFT-LCD
ITO
+ +
– 75 –
3.
3.1
(i) 合肥新能源
76.92% 23.08%
650T/D
2.5 4.0
(ii) 桐城新能源
67.47% 25.03% 7.50%
320T/D
2.5 4.0
– 76 –
(iii) 宜興新能源
51.00%
29.01% 12.75% 7.24%
280T/D
1.5 4.0
2.
3.2
2014 2015 2016 12 31 2017
5 31
– 77 –
(i) 合肥新能源
2017
12 31 5 31
2014 2015 2016
– 14,505.91 505,711.32 239,296.81
– 516.41 101,213.98 49,162.26
16,036.62 (11,782.28) 17,832.64 6,819.96
12 31 2017
2014 2015 2016 5 31
13,660.98 125,123.57 289,908.57 421,132.73
540,103.88 590,387.32 738,546.66 863,924.43
692,783.67 859,577.24 840,914.24 824,452.79
– 239,755.00 219,885.00 202,450.00
166,340.78 154,558.49 172,391.14 179,211.09
2014 2015 12 31
2015 12
2014 2015 12 31 14.51
2015 12
2016 14 4
5 2016 12 31
2017 5 31 505.71
239.30
– 78 –
2014 2015 2016 12 31 2017 5
31 0.52 101.21
49.16 2015 12 31
3.56% 2016 12 31 20.01% 2017 5
31
2016
2014 12 31 16.04
27.61 2015 12 31
11.78 (i)
(ii) 2014 2015
2016 12 31 2017 5 31
-81.22% 3.53% 2.85%
2014 2015 2016 12 31 2017 5 31
13.66 125.12 289.91
421.13 8.16 131.72%
45.26%
540.10
590.39 738.55 863.92
2014 12 31 692.78
2015 12 31 859.58 24.08%
2015 2014 2015
– 79 –
2016 12 31 2017 5 31 239.76
219.89 202.45
76.45% 84.30% 84.76% 85.61%
(ii) 桐城新能源
2017
12 31 5 31
2014 2015 2016
5,568.56 69,275.70 233,072.83 106,906.23
(215.63) 16,493.50 69,991.35 21,744.92
(7,238.42) 809.31 29,929.27 5,893.00
12 31 2017
2014 2015 2016 5 31
82,590.06 116,981.07 153,354.72 162,199.89
279,432.05 367,463.06 259,451.99 276,869.89
272,226.31 326,675.63 315,220.18 329,685.91
– – – –
75,384.33 76,193.64 209,122.91 215,015.91
2015 10 2014 2015 2016 12 31
2017 5 31 5.57
69.28 233.07 106.91
2014 12 31
– 80 –
2016 12 31 2015 12 31
163.80 236.44% (i)2016
(ii) 2016 PID
0.22 16.49 69.99
21.74 2014 2015 12 31
53.50
324.36% 2016 12 31 69.99
2016
3.87% 23.81% 30.03% 20.34%
2014 12 31 7.24
9.50 2015
2016 12 31 2017 5 31
0.81 29.93 5.89 2014 12
31 2016 12 31
2014
2015 2016 12 31 2017 5 31
129.99% 1.17% 12.84% 5.51%
2014 12 31 82.59
2015 12 31 116.98
34.39 41.64%
36.37 31.09% 2016 12 31
153.35
2017 5 31 162.20 2016
12 31
– 81 –
272.23 326.68
315.22 329.69
78.75% 82.83% 55.37% 56.29%
(iii) 宜興新能源
2016 2017
12 31 5 31
37,110.96 110,801.65
(32,710.08) (90,346.69)
4,400.88 20,454.96
– (4,400.92)
539.15 3,581.28
2016 10 28 2016 10 31
2016 2017
12 31 5 31
109,504.20 244,163.68
176,872.02 313,580.61
388,383.75 424,014.14
– 30,000.00
321,015.93 324,597.21
2016 12 31 2017 5 31
37.11 110.80
– 82 –
198.57% (i) 2017 2016 (ii)
2016 11
32.71
90.35
2016 12 31 2017 5 31
4.40 20.45 2016 12
31 11.86% 2017 5 31 18.46%
(i) (ii) (iii)
2017 5 31 4.40
2016 12 31
2017 5 31
1.32 4.71
2016 12 31 2017 5 31 1.45%
3.23%
2016 12 31 2017 5 31
109.50 244.16
2016 12 31
2017 5 31 176.87 313.58
77.29% 75.00
35.63 9.17%
– 83 –
30.00
2016 12
31 2017 5 31 35.52% 51.42%
4.
(i)
25%
2016
2% 2030
1,760 2,500 2030 8%
– 84 –
13%
2050 20%
2012
2010 2016
350.0 323.6
300.0
242.8
250.0
200.0 186.4
150.0 141.4
101.5
100.0 77.4
70.8
42.5 49.8
50.0 32.8
19.8
0.7 3.3 6.9
0.0
2010 2011 2012 2013 2014 2015 2016
2016 323.6 2010
– 85 –
42.5 40.3%
2016 77.4 2010 119.1%
2016 4.7%
2050
2050
4,674 1,738
2010 11 2016 53 30.0%
(ii)
2013 7
2014 6 2014-2020
2020 100
2015 3
– 86 –
(i) (ii) (iii)
2015 2015 6
2015 10
17.0
2015
49.8
2015 11
2016 3
2020
2016 12
– 87 –
2020 110
2016 12
2020
2015
(iii)
(i)
(ii)
(iii)
– 88 –
(iv)
7.
2017 2018 2019
2020 12 31
(i) (ii) (iii)
(iv) (v)
(vi)
– 89 –
5.
2017 2 7 2017 8 7
(1)
(2)
：
76.92% 23.08%
307,825,000 2016 10
31 307,825,000
13,126,864 A
2017 2 7 2017 8 7
(1)
(2)
– 90 –
67.47% 25.03% 7.5%
221,651,200 2016 10
31 221,651,200
9,452,076 A
2017 2 7 2017 8 7
(1)
(2)
51% 12.75% 7.24% 70.99%
– 91 –
245,089,500 2016 10
31 70.99% 245,089,500
10,451,576 A
2017 3 9
(i) (ii)
(1) (2) (2) (2) (3) (3)
002163.SZ 9.50 803,550,000 9,462,522.38 1,207,001,712 806.73 6.32
002623.SZ 37.58 160,000,000 9,113,370.94 2,165,983,916 659.78 2.78
000012.SZ 9.88 2,075,335,560 776,950,973.00 7,812,335,004 26.39 2.62
002218.SZ 4.48 618,171,052 108,636,020.57 2,703,829,862 25.49 1.02
600207.SH 10.31 862,955,974 (219,662,052.70) (490,650,768)
379.60 3.19
1. 2017 2 7
– 92 –
2.
3. 2017 2 7
2017 2 7
2014 2015 12 2015 10
2016 10
(1)
2016 12 31 17.26 7.41 106.74 (2)
2017 5 31 18.81 15.67 40.14 (2)
(3)
2017 12 31 7.75 8.46 26.98 (2)
(4)
2017 5 31 1.72 1.03 1.06 (2)
(1) 100%
(2) 2016 12 31
(3) 2017 5 31
(4) 2017 12 31 2017
12 31
(5)
(i) 2016 12 31 2017 5
31 17.26 18.81 2017 12 31
– 93 –
7.75 (ii) 2016 12 31
7.41 2017 5 31 15.67
2017 12 31 8.46 2016 12 31
(iii) 2016 12 31 106.74
2017 5 31 40.14 2017 12 31
26.98
2017 12 31 2020 12 31
23.12% 1.08% 54.45%
(i)
(ii)
(iii)
2016 2017
2017 (iv)
6.
(i)
(ii) (iii)
(iv)
(v) 2017 5 31
(vi) 2017 2020
(vii)
2016 12 31 106.74 2017 12 31
– 94 –
26.98 2018 12 31
100%
33,030,516 A
6.27% A
5.90%
236,788,461.54 10,097,588 1.92%
71,036,538.46 3,029,276 0.58%
307,825,000.00 13,126,864 2.49%
– 95 –
149,552,144.41 6,377,490 1.21%
55,482,150.65 2,365,976 0.45%
16,616,904.94 708,610 0.13%
221,651,200.00 9,452,076 1.79%
176,085,855.41 7,508,991 1.43%
44,021,463.85 1,877,247 0.36%
24,982,180.74 1,065,338 0.20%
245,089,500.00 10,451,576 1.98%
23.45 26.50
(i) 2017 2 8 20
A 90% (ii)
(i)20
(ii)60 (iii)120
– 96 –
90%
20 A 90%
20
60 120 90%
A 24.38 A 25.51
3.97% 8.78%
A 2016 9 8 2017 3 9 2016 9
8 20 A 90%
23.45
(a) H 4.51 487.58%
(b) H 5.33 397.19%
(c) 5
H 5.26 403.80%
(d) 10
H 5.27 402.56%
(e) 30
H 5.17 412.54%
(f) 2016 9 7 A A
25.61 28.94 8.43%
– 97 –
(g) 2017 6 30 524,447,375.98
2017 9 22 2017 6 30
1.00 1.12
2,245.00%
A
H
23.45 2016
1 4 2017 2 6
(i)H 1.00 1.13
(ii)A
35
A
2016 9 7
30
A 2016 9 8
25
23.45
20
15
10
5
0
4/1/2016 4/2/2016 4/3/2016 4/4/2016 4/5/2016 4/6/2016 4/7/2016 4/8/2016 4/9/2016 4/10/2016 4/11/2016 4/12/2016 4/1/2017 4/2/2017
H (1108.hk) A (600876.ch)
– 98 –
A A 20.50 A 35.35
A 27.05 A
25.61 2016 9 8 A
H
A 2016 1 28 H 4.22
799.45% 2016 1 15 H 3.88
497.04%
A (i) 23.45
A 27.05 13.13% (ii)
A 25.61 8.43%
23.45
2017 3 31 1.00 2,245.00%
2.05 2016 12
31 956.31%
(i) (ii)
(iii) 12
36
(iv) 2017 3 31
2016
– 99 –
12 31 (v) H
36
36
(i)
(ii)
2016 10 28
12 36
12 36
12
12
12 25%
25%
25%
– 100 –
(i)
6 A 20
(ii)A 6
36 6
7.
6.
6.1
70.99%
2016 10 31
70.99%
774,565,545 2016 10 31 2017 7 31
– 101 –
2017 7 31
774,565,700 0.01%
i） 估值方法
2016 11 1 2021 12 31
2022 1 1
– 102 –
(i)
(ii)
(iii)
ii) 目標公司的估值及其假設
9% 11%
2018 2022 0.3% 8.0%
– 103 –
2018 2017 62.03%
(i)
(ii)
CAPM
CAPM
3.5% 4.5%
(a)
– 104 –
(b)
(c)
(d)
(a)
– 105 –
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k) 2016 12 5
3
(l) 1+3+8
[2016]42
– 106 –
(i)
(ii)
(iii)
(iv) 2017 8 3
(v) (k) (l)
(a)
2016
2019
(b)
(c) 2017 7
2016 (d)
(vi)
2016 1 29
(vii) 13.90(2)
k l
– 107 –
6.2
5
2017 6 30
2017 7 31
(i) 估值方法
(ii) 物業估值中考慮的因素
– 108 –
7.
[2008]43
(i) 2017 12 31
39,730,400
(ii) 2018 12 31
61,678,800
(iii) 2019 12 31
69,394,900
(i) 2017 12 31
26,214,000
(ii) 2018 12 31
26,367,100
(iii) 2019 12 31
26,719,900
– 109 –
(i) 2017 12 31
12,797,400
(ii) 2018 12 31
33,370,300
(iii) 2019 12 31
41,245,000
2017 12 31 2018 1 1 2020
12 31 2018 2019 12 31
2020 12 31
74,155,600
27,072,700
47,147,500
2017 2018 2019
2020 12 31
– 110 –
=
(0) (0)
(i) 2017 2018 2019 2020 12 31
(ii)
(i) 2017 2018 2019 2020 12 31
(ii)
2017 2018 2019 12 31
2017 2018 2019
12 31
– 111 –
8. A
8.1 A
A
10
A
(QFII)
A A
A
A 20 A
90%
A
– 112 –
1.00
A 1.00
A
A A
100%
100%
A
774,565,700
– 40,000,000 2016 10
– 222,700,000
2016 10
511,865,700
– 113 –
A
A
20% 105,353,375 A 2017
9 30
[2017][1029]
A
581,625,352
A A
21,827,961 A 581,625,352 A
559,797,391
A
A A
A
A 12
– 114 –
A
8.2
A 2017 2 7
2017 2 24
A
A 10% A
A A
8.3
A 20 A
A 90%
A
A
2017 2 17
– 115 –
(i)
(ii)
A
A 20%
(i) A (ii)
(iii)
A
8.4
A A A 12
A A A
36
36 12
A
A
– 116 –
9. A
A A
A A 511,865,700
(i)
410,000,000
(ii) 90,000,000 400
800.0
114.3
A A
12
(i) 914.3
(ii) (iii)
A A
(iv)
(v) A
A A
– 117 –
10.
12
A H
A
(i)
40%
208.8
2017 3 31
(ii) A H A
12 A H 50%
A 12 A H
(iii) A H H
511.9 H
H A
– 118 –
(iv)
A
H
(v)
2017 A
A 36
12
A A 36
A A 12
A
A A
– 119 –
11.
i ii A
(iii) A
581,625,352
(ii) (iii)
(i) A A
% % %
A
105,018,242 19.94 115,115,830 20.56 115,115,830 19.79
69,000,000 13.10 71,365,976 12.75 71,365,976 12.27
– – 6,377,490 1.14 6,377,490 1.10
– – 708,610 0.13 708,610 0.12
– – 7,508,991 1.34 9,691,787 1.67
174,018,242 33.04 201,076,897 35.92 203,259,693 34.95
– – 1,877,247 0.34 1,877,247 0.32
– – 1,065,338 0.19 1,065,338 0.18
– – 3,029,276 0.54 3,029,276 0.52
– – – – 19,645,165 3.38
A 102,748,633 19.51 102,748,633 18.35 102,748,633 17.67
A 276,766,875 52.54 309,797,391 55.34 331,625,352 57.02
H
1 248,600,699 47.19 248,600,699 44.41 248,600,699 42.74
H 1,399,301 0.27 1,399,301 0.25 1,399,301 0.24
H 250,000,000 47.46 250,000,000 44.66 250,000,000 42.98
526,766,875 100.00 559,797,391 100.00 581,625,352 100.00
– 120 –
(1) H H
(2)
(3) A
581,625,352
A H
A 1.16% 2.80%
2.88% A A
H 1.84% 4.48%
A A
A
A A
20% A
581,625,332 A
A A
A H
(i) (ii) A
(iii) (iv)
A H
– 121 –
12. A
100% 100% 70.99%
12.1
2016
12 31
59.82
2016 12 31 11.52
A
A
12.2
1,242.09
2016 12 31 523.27
718.82
2016 12 31 0.99
526,766,875
559,797,391
1,147.93 2016 12 31
2.05
– 122 –
A A A
A
A A
12.3
A 23.45
33,030,516
A 511,865,700
A A
A
2016 12
31 228.26
5.
12
A
– 123 –
12.4
523.27 1,147.93
(i) 90.00 231.45 (ii)
87.84 320.29 (iii)
471.34 521.21
2016 12 31
97.78% 73.58%
A
A
A
12.5
A
A
13.
174,018,242 A
33.04% A
201,076,897 A 35.92%
– 124 –
26 1
A A
A A
VI
26 i
ii
69,000,000 A
2017 2 7
– 125 –
(i)
(ii)
(iii) (iv)
A A
A
9
2017 10 11
– 126 –
1.
2014 2015 2016 12 31 2017 6 30
2014 12 31 81 184
2015 12 31 73 172 2016 12 31
84 180 2017 6 30 41 160
http://www.hkex.com.hk
http://www.zhglb.com/
2015 4 17 2014 12 31 2014
http://www.hkexnews.hk/listedco/listconews/SEHK/2015/0417/LTN20150417020_c.pdf
2016 8 29 2015 12 31 2015
http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0829/LTN201608291111_c.pdf
2017 4 19 2016 12 31 2016
http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0419/LTN20170419523_c.pdf
2017 9 22 2017 6 30 2017
http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0922/LTN20170922696_c.pdf
2.
2014 2015 2016 12 31
2017 6 30
2014 2015 2016 12 31
2014 2015 2016 12 31
2014 2015 2016 12 31 2017 6 30
– I-1 –
2014 2015 2016 12 31 2017 6 30
6 30 12 31
2017 2016 2016 2015 2014
154,969,277.04 137,239,714.63 392,095,626.14 662,156,635.13 660,058,269.97
170,783,254.39 164,010,892.76 472,351,862.60 846,550,754.69 815,895,486.83
3,935,160.93 (26,771,178.13) (80,256,236.46) (184,394,119.56) (56,994,679.72)
5,608,416.14 (22,582,878.74) 21,170,495.90 (184,931,091.61) 15,730,223.86
1,177,959.02 (25,745,594.23) 11,516,063.78 (184,755,120.74) 21,159,211.92
– – – (10,071,986.12) (15,661,852.74)
1,177,959.02 (25,745,594.23) 11,516,063.78 (194,827,106.86) 5,497,359.18
0.0022 (0.0491) 0.02 (0.36) 0.0411
– – 0.02 (0.36) –
– I-2 –
3. 2016 12 31
2016 12 31
2016 12 31 2016
2016 1–12
. 392,095,626.14 662,156,635.13
34 392,095,626.14 662,156,635.13
. 472,351,862.60 846,550,754.69
34 343,709,563.17 633,653,570.97
35 5,232,136.49 4,094,122.28
36 7,482,306.95 29,168,969.27
37 87,025,947.92 122,170,107.57
38 8,433,936.20 8,666,023.10
39 20,467,971.87 48,797,961.50
. - -80,256,236.46 -184,394,119.56
40 105,878,607.94 5,490,124.60
40 254,968.93 459,490.08
41 4,451,875.58 6,027,096.65
41 15,875.60 14,470.37
. - 21,170,495.90 -184,931,091.61
42 9,654,432.12 9,896,015.25
. - 11,516,063.78 -194,827,106.86
11,516,063.78 -184,755,120.74
-10,071,986.12
.
. 11,516,063.78 -194,827,106.86
11,516,063.78 -184,755,120.74
-10,071,986.12
.
0.02 -0.36
0.02 -0.36
– I-3 –
2016 12 31
1 157,528,516.53 102,342,860.91
2 45,986,571.00 25,230,005.90
3 101,891,329.13 71,678,942.58
4 1,638,352.47 4,329,899.13
5 107,581,717.91 28,928,810.44
6 132,978,500.26 195,863,112.95
7 34,874,034.35 58,978,537.93
582,479,021.65 487,352,169.84
8
9 55,000,000.00 51,727,535.57
11 648,972,313.06 691,522,403.10
12 9,828,822.54
13 62,609,172.40 64,517,450.10
15 3,515,290.90 4,995,326.04
16 4,341,222.30 4,091,374.33
774,437,998.66 826,682,911.68
1,356,917,020.31 1,314,035,081.52
17 20,000,000.00 67,930,000.00
18 90,000,000.00 110,200,000.00
19 46,373,902.20 80,295,143.32
20 14,391,654.50 20,132,927.79
21 25,743,969.95 26,291,242.89
22 15,381,067.45 14,961,097.35
23 713,868.25
25 42,578,922.04 166,587,026.05
26 471,337,062.91 81,097,651.66
726,520,447.30 567,495,089.06
– I-4 –
2016 12 31
27 87,836,374.23 459,170,134.47
29 19,290,781.82 9,024,861.99
107,127,156.05 468,194,996.46
833,647,603.35 1,035,690,085.52
30 526,766,875.00 515,018,242.00
31 1,473,105,039.50 1,251,445,315.32
32 51,365,509.04 51,365,509.04
33 -1,527,968,006.58 -1,539,484,070.36
523,269,416.96 278,344,996.00
523,269,416.96 278,344,996.00
1,356,917,020.31 1,314,035,081.52
– I-5 –
2016 1–12
.
136,730,044.67 290,013,349.20
43 115,177,751.23 19,647,073.22
251,907,795.90 309,660,422.42
100,904,584.34 262,162,002.68
75,241,190.93 103,920,662.94
21,684,812.32 44,025,043.10
43 23,524,286.36 30,590,278.40
221,354,873.95 440,697,987.12
30,552,921.95 -131,037,564.70
.
322,732.92 6,232.00
43 9,930,000.00 96,430,259.30
10,252,732.92 96,436,491.30
56,177,058.27 26,034,865.12
43 104,992,752.67 662,305.05
161,169,810.94 26,697,170.17
-150,917,078.02 69,739,321.13
.
209,624,984.30
120,000,000.00 166,645,153.57
43 340,319,034.02 571,928,695.56
669,944,018.32 738,573,849.13
141,829,011.07 91,639,032.28
6,927,438.38 3,952,160.79
43 330,638,185.77 577,126,786.26
479,394,635.22 672,717,979.33
190,549,383.10 65,855,869.80
. 428.59 7,344.49
. 70,185,655.62 4,564,970.72
42,342,860.91 37,777,890.19
. 112,528,516.53 42,342,860.91
– I-6 –
. 515,018,242.00 1,251,445,315.32 51,365,509.04 -1,539,484,070.36 278,344,996.00
. 515,018,242.00 1,251,445,315.32 51,365,509.04 -1,539,484,070.36 278,344,996.00
.
- 11,748,633.00 221,659,724.18 11,516,063.78 244,924,420.96
11,516,063.78 11,516,063.78
11,748,633.00 221,659,724.18 233,408,357.18
1. 11,748,633.00 197,876,351.30 209,624,984.30
2. 23,783,372.88 23,783,372.88
. 526,766,875.00 1,473,105,039.50 51,365,509.04 -1,527,968,006.58 523,269,416.96
– I-7 –
. 500,018,242.00 857,450,406.90 456,157.74 51,365,509.04 -1,359,891,297.28 -88,788,534.35 -39,389,515.95
662,516,418.00 5,162,347.66 667,678,765.66
. 500,018,242.00 1,519,966,824.90 456,157.74 51,365,509.04 -1,354,728,949.62 -88,788,534.35 628,289,249.71
.
- 15,000,000.00 -268,521,509.58 -456,157.74 -184,755,120.74 88,788,534.35 -349,944,253.71
-184,755,120.74 -10,071,986.12 -194,827,106.86
15,000,000.00 -268,521,509.58 -456,157.74 98,860,520.47 -155,117,146.85
1. 15,000,000.00 -597,759,624.04 -582,759,624.04
2. 329,238,114.46 -456,157.74 98,860,520.47 427,642,477.19
. 515,018,242.00 1,251,445,315.32 51,365,509.04 -1,539,484,070.36 278,344,996.00
2016 1–12
2016 12 31
.
1.
1994 4 6
400,000,000
1994 6 29 250,000,000 H 1995 9 29 50,000,000 A
2006 6 2100 A
2006 11 30 199,981,758 A
179,018,242 500,018,242
2010 9 3 20,000,000
4% 159,018,242 31.8%
2015 8 25 2015 2015 12 4
[2015]2813 2015 12 15,000,000
2016 1 26 11,748,633
1.00 526,766,875
2016 10 17 6,900
105,018,242 19.94%
69,000,000 13.10%
914103006148088992
9
2016 12 31 526,766,875
– I-8 –
2016 12 31
.
2.
1
2
3
4
.
1.
2.
2016 12 31 61.44%
144,041,425.65
– I-9 –
2016 12 31
.
1.
2016 12 31
2016
2.
1 1 12 31
3.
12
4.
5.
1.
2.
– I-10 –
2016 12 31
.
6.
1.
2.
3.
4.
7.
1.
– I-11 –
2016 12 31
.
7.
2.
3.
2
8.
9.
1.
– I-12 –
2016 12 31
.
9.
2.
10.
1.
– I-13 –
2016 12 31
.
10.
2.
3.
4.
– I-14 –
2016 12 31
.
10.
5.
50%
12
– I-15 –
2016 12 31
.
10.
5.
20%
6
11.
(1)
500.00
(2)
(1)
(2)
(3)
– I-16 –
2016 12 31
.
11.
(2)
(%) (%)
1 1 0 0
1
1–2 30 30
2–3 50 50
3 100 100
3–4 100 100
4–5 100 100
5
– I-17 –
2016 12 31
.
12.
1.
2.
3.
4.
5.
– I-18 –
2016 12 31
.
13.
14.
1.
12
2.
22
3.
20% 50%
20%
– I-19 –
2016 12 31
.
15.
16.
(1)
(2)
(%) (%)
30–50 3–5 1.90–3.23
4–28 3–5 3.39–24.25
10 3 9.70
6–12 3–5 7.92–16.17
4–28 3–5 3.39–24.25
17.
– I-20 –
2016 12 31
.
18.
1.
2.
3
– I-21 –
2016 12 31
.
19.
(1)
1.
2.
(2)
(1) (2)
(3)
(4)
(5)
– I-22 –
2016 12 31
.
19.
(2)
20.
21.
– I-23 –
2016 12 31
.
22.
(1)
1.
(2)
– I-24 –
2016 12 31
.
22.
(3)
(4)
23.
24.
1.
– I-25 –
2016 12 31
.
24.
2.
3.
25.
(1)
(2)
(3)
– I-26 –
2016 12 31
.
26.
1.
2.
3.
27.
(1)
(2)
– I-27 –
2016 12 31
.
28.
(1)
(2)
2016 6 24 2016 4 1
8,988,076.02
30 35
10 10–15
3 5
4 8
– I-28 –
2016 12 31
.
1.
13%–17%
5%–7%
15% 25%
3%
25%
15%
25%
2.
2016 12 2016 15%
2016 10 21
GR201634000360
2016 15%
– I-29 –
2016 12 31
.
1.
95,219.74 43,940.18
112,433,296.79 42,298,920.73
45,000,000.00 60,000,000.00
157,528,516.53 102,342,860.91
45,000,000.00
2.
(1)
45,586,571.00 25,230,005.90
400,000.00
45,986,571.00 25,230,005.90
– I-30 –
2016 12 31
.
2.
(2)
218,099,344.74
218,099,344.74
3.
(1)
(%) (%) (%) (%)
156,466,612.01 100.00 54,575,282.88 34.88 101,891,329.13 125,374,455.66 100.00 53,695,513.08 42.83 71,678,942.58
156,466,612.01 54,575,282.88 101,891,329.13 125,374,455.66 53,695,513.08 71,678,942.58
– I-31 –
2016 12 31
.
3.
(1)
(%)
1
1 70,253,078.53
1 2 1,880,549.56 564,164.86 30.00
2 3 79,720.82 39,860.41 50.00
3 4 605,589.30 605,589.30 100.00
4 5 2,672,254.67 2,672,254.67 100.00
5 50,693,413.64 50,693,413.64 100.00
126,184,606.52 54,575,282.88 43.25
– I-32 –
2016 12 31
.
3.
(1)
30,282,005.49 3,877,582.73
30,282,005.49 3,877,582.73
879,769.80
(2)
879,769.80 0
(3)
(%) (%)
40,719,334.97 26.02 261,691.73
28,621,134.25 18.29
12,236,362.66 7.82
4,757,122.32 3.04
3,423,061.27 2.19
89,757,015.47 57.36 261,691.73
– I-33 –
2016 12 31
.
4.
(1)
(%) (%)
1 1,583,447.58 96.64 4,083,207.96 94.31
1 2 30,737.65 1.88 201,553.73 4.65
2 3 3,100.00 0.19 7,867.24 0.18
3 21,067.24 1.29 37,270.20 0.86
1,638,352.47 100.00 4,329,899.13 100.00
(2)
(%)
786,187.03 47.99
279,436.97 17.06
187,737.98 11.46
99,000.00 6.04
64,536.85 3.94
1,416,898.83 86.49
– I-34 –
2016 12 31
.
5.
(1)
(%) (%) (%) (%)
10,808,704.00 6.86 10,808,704.00 100.00 10,808,704.00 12.90 10,808,704.00 100.00
146,664,511.77 93.14 39,082,793.86 26.65 107,581,717.91 72,949,808.50 87.10 44,020,998.06 60.34 28,928,810.44
157,473,215.77 49,891,497.86 107,581,717.91 83,758,512.50 54,829,702.06 28,928,810.44
10,808,704.00 10,808,704.00 100.00%
10,808,704.00 10,808,704.00
– I-35 –
2016 12 31
.
5.
(1)
(%)
1
1 634,542.06
1 2 978,432.51 293,529.75 30.00
2 3 879,072.00 439,536.00 50.00
3 4 250,813.89 250,813.89 100.00
4 5 202,850.27 202,850.27 100.00
5 37,896,063.95 37,896,063.95 100.00
40,841,774.68 39,082,793.86 95.69
105,822,737.09 18,224,337.03
105,822,737.09 18,224,337.03
– I-36 –
2016 12 31
.
5.
(2)
276,795.80 5,215,000.00
5,215,000.00
5,215,000.00
10,430,000.00
5,215,000.00 500,000.00
250,000.00 2016 12
9,930,000.00 9,930,000.00
4,965,000.00
(3)
23,783,372.88
79,974,572.99 16,385,035.53
53,715,269.90 55,283,558.44
10,430,000.00
1,659,918.53
157,473,215.77 83,758,512.50
– I-37 –
2016 12 31
.
5.
(4)
(%)
55,000,000.00 1 34.93
23,967,434.48 1 15.22
13,636,363.00 1–2 8.66
10,808,704.00 5 6.86 10,808,704.00
10,000,000.00 1 6.35
113,412,501.48 72.02 10,808,704.00
– I-38 –
2016 12 31
.
6.
(1)
45,997,542.78 1,375,019.80 44,622,522.98 52,967,558.31 506,219.48 52,461,338.83
2,700,674.45 2,700,674.45 3,797,511.02 3,797,511.02
117,910,829.68 32,772,117.38 85,138,712.30 192,178,496.67 53,090,824.10 139,087,672.57
516,590.53 516,590.53 516,590.53 516,590.53
167,125,637.44 34,147,137.18 132,978,500.26 249,460,156.53 53,597,043.58 195,863,112.95
(2)
506,219.48 1,375,019.80 506,219.48 1,375,019.80
53,090,824.10 20,679,101.89 40,997,808.61 32,772,117.38
53,597,043.58 22,054,121.69 41,504,028.09 34,147,137.18
– I-39 –
2016 12 31
.
7.
33,708,996.77 57,910,038.63
1,165,037.58 1,068,499.30
34,874,034.35 58,978,537.93
8.
(1)
7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
– I-40 –
2016 12 31
.
8.
(2)
(%)
1.
4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 35.90
2.
1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 31.08
3.
2,291,217.53 2,291,217.53 2,291,217.53 2,291,217.53 29.45
7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
20%
(3)
7,791,217.53 7,791,217.53
7,791,217.53 7,791,217.53
– I-41 –
2016 12 31
.
9.
(1)
55,000,000.00 55,000,000.00 55,000,000.00 55,000,000.00
-3,272,464.43 -3,272,464.43 6.15%
55,000,000.00 55,000,000.00 51,727,535.57 51,727,535.57
2013 12 100%
12,200
6,700 5,500
6.15% 34 2016 12 31
2017
10.
– I-42 –
2016 12 31
.
11.
(1)
.
1. 266,547,539.08 767,940,819.66 4,121,659.45 1,465,715.59 1,040,075,733.78
2. 12,288,909.46 116,768.74 12,405,678.20
(1) 717,782.49 116,768.74 834,551.23
(2) 11,571,126.97 11,571,126.97
3. 56,984.27 56,984.27
(1) 56,984.27 56,984.27
4. 266,547,539.08 780,172,744.85 4,121,659.45 1,582,484.33 1,052,424,427.71
.
1. 51,709,147.38 288,327,602.07 2,972,713.80 469,585.58 343,479,048.83
2. 7,400,273.01 44,603,152.32 176,186.70 281,943.53 52,461,555.56
(1) 7,400,273.01 44,603,152.32 176,186.70 281,943.53 52,461,555.56
3. 35,056.17 35,056.17
(1) 35,056.17 35,056.17
4. 59,109,420.39 332,895,698.22 3,148,900.50 751,529.11 395,905,548.22
.
1. 5,074,281.85 5,074,281.85
2. 2,472,284.58 2,472,284.58
(1) 2,472,284.58 2,472,284.58
3.
4. 7,546,566.43 7,546,566.43
.
1. 207,438,118.69 439,730,480.20 972,758.95 830,955.22 648,972,313.06
2. 214,838,391.70 474,538,935.74 1,148,945.65 996,130.01 691,522,403.10
195,966,337.18
– I-43 –
2016 12 31
.
12.
(1)
3,312,126.40 3,312,126.40
66,111.41 66,111.41
6,450,584.73 6,450,584.73
9,828,822.54 9,828,822.54
13.
(1)
.
1. 71,449,612.50 6,000,000.00 435,897.46 77,885,509.96
2.
3. 107,038.39 107,038.39
(1) 107,038.39 107,038.39
4. 71,342,574.11 6,000,000.00 435,897.46 77,778,471.57
.
1. 7,443,843.33 5,900,000.00 24,216.53 13,368,059.86
2. 1,595,119.56 100,000.00 145,299.12 1,840,418.68
(1) 1,595,119.56 100,000.00 145,299.12 1,840,418.68
3. 39,179.37 39,179.37
(1) 39,179.37 39,179.37
4. 8,999,783.52 6,000,000.00 169,515.65 15,169,299.17
.
.
1. 62,342,790.59 266,381.81 62,609,172.40
2. 64,005,769.17 100,000.00 411,680.93 64,517,450.10
0
– I-44 –
2016 12 31
.
13.
(2)
9,415,764.88
28 45
14.
15.
378,000.00 108,000.00 270,000.00
3,499,095.91 1,420,471.68 2,078,624.23
1,118,230.13 1,010,340.78 107,889.35
1,200,000.00 33,333.33 1,166,666.67
4,995,326.04 1,200,000.00 2,572,145.79 107,889.35 3,515,290.90
– I-45 –
2016 12 31
.
16.
(1)
16,451,510.01 2,467,726.50 23,506,872.88 3,922,624.33
12,489,972.00 1,873,495.80 675,000.00 168,750.00
28,941,482.01 4,341,222.30 24,181,872.88 4,091,374.33
(2)
137,500,191.85 151,480,885.22
544,435,331.97 482,840,248.91
681,935,523.82 634,321,134.13
– I-46 –
2016 12 31
.
16.
(3)
2016 11,523,112.57
2017 10,589,070.12 10,589,070.12
2018 36,614,485.92 36,614,485.92
2019 21,894,490.75 21,894,490.75
2020 372,641,647.21 402,219,089.55
2021 102,695,637.97
544,435,331.97 482,840,248.91
17.
(1)
20,000,000.00 50,000,000.00
17,930,000.00
20,000,000.00 67,930,000.00
2016 12 31 4.785%
– I-47 –
2016 12 31
.
18.
90,000,000.00 110,200,000.00
90,000,000.00 110,200,000.00
19.
(1)
1 1 17,853,268.60 17,619,403.52
1 28,520,633.60 62,675,739.80
46,373,902.20 80,295,143.32
(2) 1
3,300,000.00
3,300,000.00
– I-48 –
2016 12 31
.
20.
(1)
1 1 5,354,722.46 5,262,754.37
1 9,036,932.04 14,870,173.42
14,391,654.50 20,132,927.79
(2) 1
5,149,328.80
5,149,328.80
– I-49 –
2016 12 31
.
21.
(1)
. 25,950,868.95 59,107,174.94 63,015,045.94 22,042,997.95
.
340,373.94 15,117,944.59 11,757,346.53 3,700,972.00
. 9,180,471.78 9,180,471.78
.
26,291,242.89 83,405,591.31 83,952,864.25 25,743,969.95
(2)
. 9,378,333.05 47,153,598.08 50,122,396.33 6,409,534.80
. 4,058,879.41 4,058,879.41
. 1,334,739.89 3,944,111.84 4,381,033.14 897,818.59
1,208,085.52 3,346,426.72 3,790,136.44 764,375.80
73,636.58 373,970.81 368,201.18 79,406.21
53,017.79 223,714.31 222,695.52 54,036.58
. 7,466,456.43 3,462,206.65 3,957,154.05 6,971,509.03
. 7,771,339.58 488,378.96 495,583.01 7,764,135.53
.
.
25,950,868.95 59,107,174.94 63,015,045.94 22,042,997.95
– I-50 –
2016 12 31
.
21.
(3)
1. 66,771.50 14,476,656.89 11,025,548.41 3,517,879.98
2. 273,602.44 641,287.70 731,798.12 183,092.02
3.
340,373.94 15,117,944.59 11,757,346.53 3,700,972.00
22.
2,959,777.00 1,054,652.51
75,649.29 134,257.61
9,106,452.20 9,133,823.53
154,688.43 216,587.00
294,378.96 261,316.84
1,238,632.92 1,600,260.25
1,278,844.52 1,393,474.23
207,513.24 1,145,855.33
65,130.89 20,870.05
15,381,067.45 14,961,097.35
– I-51 –
2016 12 31
.
23.
684,626.58
29,241.67
713,868.25
24.
25.
(1)
5,617,787.84 25,550,840.93
36,961,134.20 46,441,902.17
91,244,227.75
878,145.68
2,471,909.52
42,578,922.04 166,587,026.05
– I-52 –
2016 12 31
.
26. 1
1 471,337,062.91 81,097,651.66
1
1
471,337,062.91 81,097,651.66
27.
(1)
86,889,567.92 58,919,024.02
946,806.31 400,251,110.45
87,836,374.23 459,170,134.47
– I-53 –
2016 12 31
.
27.
(1)
1. 2010
2010 2 1 2017 1 31
2016 12 31
398,969,600.00
2. (1) 2015 6 54,437,104.51
5,000 36
5,000
2016 12 31 25,896,799.15
16,998,580.25 (2) 2015 6
88,788,355.07
63,636,363.00 3
6.44% 2016 12 31 32,981,507.38
21,656,826.36 (3) 2016 12 120,372,692.36
10,000
3
10,000
2016 12 31
100,000,000.00 33,333,332.00
28.
– I-54 –
2016 12 31
.
29.
9,024,861.99 15,602,667.74 5,336,747.91 19,290,781.82
9,024,861.99 15,602,667.74 5,336,747.91 19,290,781.82
3,847,500.00 1,215,000.00 2,632,500.00
2,359,024.38 53,920.56 2,305,103.82
0.45mm
2,143,337.61 280,131.60 1,863,206.01
675,000.00 75,000.00 600,000.00
2,552,667.74 2,482,648.98 70,018.76
2016
1,050,000.00 1,050,000.00
2016
2,000,000.00 2,000,000.00
10,000,000.00 1,230,046.77 8,769,953.23
9,024,861.99 15,602,667.74 5,336,747.91 19,290,781.82
– I-55 –
2016 12 31
.
30.
+ -
515,018,242.00 11,748,633.00 11,748,633.00 526,766,875.00
2015 8 25 2015 2015 12 4
[2015]2813 2016 1 26 11,748,633
1.00
31.
1,179,144,842.05 221,659,724.18 1,400,804,566.23
72,300,473.27 72,300,473.27
1,251,445,315.32 221,659,724.18 1,473,105,039.50
1. 2016 1 11,748,633 197,876,351.30
2. 2015 11 2016
23,783,372.88
– I-56 –
2016 12 31
.
32.
51,365,509.04 51,365,509.04
51,365,509.04 51,365,509.04
33.
-1,539,484,070.36 -1,359,891,297.28
+ - 5,162,347.66
-1,539,484,070.36 -1,354,728,949.62
11,516,063.78 -184,755,120.74
-1,527,968,006.58 -1,539,484,070.36
34.
380,091,217.36 337,501,702.46 611,606,292.33 596,718,897.17
12,004,408.78 6,207,860.71 50,550,342.80 36,934,673.80
392,095,626.14 343,709,563.17 662,156,635.13 633,653,570.97
– I-57 –
2016 12 31
.
35.
5,741.68 187,976.80
1,692,633.65 1,039,059.56
275,385.63 979,727.01
1,883,220.51
1,382,796.18
1,710,769.63
164,809.72 4,138.40
5,232,136.49 4,094,122.28
[2016]22 2016 5 1
36.
5,255,815.70 8,937,893.09
237,707.59 1,287,186.07
203,121.71 11,420,349.45
624,331.64 746,432.22
397,595.15 1,091,331.99
763,735.16 5,685,776.45
7,482,306.95 29,168,969.27
2015 12
– I-58 –
2016 12 31
.
37.
37,479,187.08 41,578,920.35
2,612,502.24 17,415,326.30
1,840,418.68 4,396,166.82
7,864,025.28 19,774,656.06
21,276,277.57 14,218,171.78
2,282,801.22 8,848,342.78
13,670,735.85 15,938,523.48
87,025,947.92 122,170,107.57
2015 12
38.
9,207,506.10 6,697,222.45
-3,669,695.12 -5,046,109.90
148,153.54 119,978.04
-34,209.89 -246,238.32
1,091,289.81 5,952,063.36
1,690,891.76 1,189,107.47
8,433,936.20 8,666,023.10
– I-59 –
2016 12 31
.
39.
. -4,058,434.40 10,272,406.73
. 22,054,121.69 37,012,050.88
.
.
.
.
. 2,472,284.58 1,513,503.89
.
.
.
.
.
.
.
20,467,971.87 48,797,961.50
40.
254,968.93 459,490.08 254,968.93
95.03 459,490.08 95.03
254,873.90 254,873.90
3,130,969.27 88,665.10 3,130,969.27
102,455,677.91 4,567,408.16 102,455,677.91
36,991.83 374,561.26 36,991.83
105,878,607.94 5,490,124.60 105,878,607.94
– I-60 –
2016 12 31
.
40.
66,474,750.00
17,000,000.00
10,322,700.00 340,000.00
2,500,000.00
2,482,648.98 255,094.00
1,230,046.77
1,215,000.00 1,215,000.00
540,880.00 703,362.00
280,131.60 280,131.60
75,000.00 75,000.00
53,920.56 53,920.56
104,400.00
19,500.00
48,000.00
3,000.00
2015 130,000.00
2014 800,000.00
540,000.00
280,600.00
102,455,677.91 4,567,408.16
– I-61 –
2016 12 31
.
41.
15,875.60 14,470.37 15,875.60
15,875.60 14,470.37 15,875.60
25,514.21
4,431,441.73 4,039,106.78 4,431,441.73
4,558.25 1,948,005.29 4,558.25
4,451,875.58 6,027,096.65 4,451,875.58
42.
(1)
9,904,280.09 9,493,658.32
-249,847.97 402,356.93
9,654,432.12 9,896,015.25
– I-62 –
2016 12 31
.
42.
(2)
21,170,495.90
5,292,623.98
-5,662,799.08
3,152,807.74
-12,647,401.98
22,178,736.16
-2,659,534.70
9,654,432.12
43.
(1)
110,292,930.00 2,688,262.00
494,397.36 1,838,248.03
4,390,423.87 15,120,563.19
115,177,751.23 19,647,073.22
(2)
11,749,333.25 5,883,634.25
1,095,394.87 1,646,873.10
10,679,558.24 23,059,771.05
23,524,286.36 30,590,278.40
– I-63 –
2016 12 31
.
43.
(3)
9,930,000.00 86,430,259.30
650 10,000,000.00
9,930,000.00 96,430,259.30
(4)
14,263,037.36
90,729,715.31
662,305.05
104,992,752.67 662,305.05
(5)
71,042,132.42 265,423,111.66
15,000,000.00
49,000,000.00 282,655,583.90
184,276,901.60 8,000,000.00
15,000,000.00
6,000,000.00
10,000,000.00
5,850,000.00
340,319,034.02 571,928,695.56
– I-64 –
2016 12 31
.
44.
(6)
105,000,000.00 255,000,000.00
71,200,000.00 265,455,583.90
115,600,000.00 23,667,739.36
6,162,400.00
15,440,437.50
6,354,402.59
10,000,000.00
15,000,000.00
12,153,463.00
880,945.68 5,850,000.00
330,638,185.77 577,126,786.26
– I-65 –
2016 12 31
.
44.
(1)
1.
11,516,063.78 -194,827,106.86
20,467,971.87 48,797,961.50
52,461,555.56 101,779,659.95
1,840,418.68 4,352,751.12
2,572,145.79 801,520.48
- -239,093.33 -445,019.71
- 25,514.21
- 7,016,163.30 9,618,708.15
-
- -249,847.97 402,356.93
- 41,175,096.14 -21,535,533.46
- -44,018,592.18 -84,014,815.23
- -61,988,959.69 4,006,438.22
30,552,921.95 -131,037,564.70
2.
3.
112,528,516.53 42,342,860.91
42,342,860.91 37,777,890.19
70,185,655.62 4,564,970.72
283,285,854.17
(2)
(3)
– I-66 –
2016 12 31
.
44.
(4)
. 112,528,516.53 42,342,860.91
95,219.74 43,940.18
112,433,296.79 42,298,920.73
.
. 112,528,516.53 42,342,860.91
45.
45,000,000.00
174,093,824.18
219,093,824.18
– I-67 –
2016 12 31
.
46.
(1)
6,647.27
33.80 6.9370 234.47
0.60 7.3000 4.38
7,164.17 0.8945 6,408.42
4,508,123.03
5,039,768.18 0.8945 4,508,123.03
1,325,530.61
181,410.55 7.3068 1,325,530.61
(2)
.
.
1.
(1)
(%)
100
100
100
100
– I-68 –
2016 12 31
.
1.
1.1
1.1.1
2016
1.1.2
1.2
1.2.1
30
54.46%
– I-69 –
2016 12 31
.
1.
1.2
1.2.2
1.3
1 1 2 2 3
157,528,516.53 157,528,516.53
45,986,571.00 45,986,571.00
156,466,612.01 156,466,612.01
157,473,215.77 157,473,215.77
55,000,000.00 55,000,000.00
572,454,915.31 572,454,915.31
20,000,000.00 20,000,000.00
90,000,000.00 90,000,000.00
46,373,902.20 46,373,902.20
42,578,922.04 42,578,922.04
471,337,062.91 471,337,062.91
53,934,956.22 33,901,418.01 87,836,374.23
670,289,887.15 53,934,956.22 33,901,418.01 758,126,261.38
– I-70 –
2016 12 31
.
2016 12 31 2016 12 31
.
1.
(%) (%)
1,286,740,000.00 19.94 19.94
2.
– I-71 –
2016 12 31
.
3.
– I-72 –
2016 12 31
.
4.
(1)
1,009,966.91 554,227.78
1,460,358.39 2,890,466.52
211,458.34 402,986.11
59,900.00
35,017.09 70,743.60
19,735.05 96,258.13
3,986,538.45 3,512,769.15
15,232,131.66 5,284,202.20
14,811.32
440,437.50
162,400.00
2,992,250.98
82,096.24
20,341.88
2,404,865.49 3,004,987.58
– I-73 –
2016 12 31
.
4.
(1)
85,980,878.54 18,656,866.95
1,132,075.48
2,061,598.72
17,752,459.99
1,041,601.04
164,549.58
1,469,883.78 1,664,246.52
2,156,379.88
1,592,186.19
1,679,245.29
8,107,000.00
377,358.48
(2)
20,000,000.00 2016 5 27 2017 5 27
– I-74 –
2016 12 31
.
4.
(2)
12,920,000.00 2010 2 1 2017 1 31
72,093,600.00 2010 2 1 2017 1 31
92,701,000.00 2010 2 1 2017 1 31
107,882,000.00 2010 2 1 2017 1 31
35,853,000.00 2010 2 1 2017 1 31
32,300,000.00 2010 2 1 2017 1 31
45,220,000.00 2010 2 1 2017 1 31
45,000,000.00 2016 8 8 2017 2 8
50,000,000.00 2015 6 19 2018 6 18
63,636,363.00 2015 6 23 2018 6 22
100,000,000.00 2016 12 9 2017 12 8
(3)
3,061,026.44 2,667,315.79
– I-75 –
2016 12 31
.
4.
(3)
(1)
2016
420,000.00 51,929.46 471,929.46
240,000.00 35,858.40 275,858.40 2016 5
400,000.00 51,373.40 451,373.40
85,272.00 24,292.00 109,564.00 2016 5
60,000.00 60,000.00
60,000.00 60,000.00
60,000.00 60,000.00
60,000.00 60,000.00
340,440.00 48,259.38 388,699.38
30,000.00 30,000.00
30,000.00 30,000.00
161,298.00 49,246.86 210,544.86
137,057.00 32,373.58 169,430.58
300,000.00 1,784,067.00 293,333.08 2,377,400.08
– I-76 –
2016 12 31
.
4.
(3)
(1)
2015
398,436.00 45,614.82 444,050.82
2015 12 24
21,701.00 3,621.20 25,322.20
247,044.00 94,809.68 341,853.68 2015 12 23
385,270.00 45,109.82 430,379.82 2015 12 23
40,000.00 40,000.00 2015 12 23
40,000.00 40,000.00 2015 12 23
40,000.00 40,000.00
40,000.00 40,000.00
1,480.00 1,480.00 2015 12 23
1,480.00 1,480.00 2015 12 23
20,000.00 20,000.00 2015 12 23
122,058.00 42,402.72 164,460.72 2015 12 23
330,000.00 60,407.28 390,407.28 2015 12 23
740.00 740.00 2015 12 23
740.00 740.00 2015 12 23
172,589.00 42,412.18 215,001.18
111,717.00 31,762.93 143,479.93
184,440.00 1,788,815.00 366,140.63 2,339,395.63
– I-77 –
2016 12 31
.
4.
(3)
(2)
2016 2 1 2015 3 1
2 2015 1
2016 2015
500,000.00 202,416.00
76,626.36 24,704.16
576,626.36 227,120.16
2 2015 1
2016 2015
0 –1,000,000.00 2 1
(4)
(1) 2016 12
993
2016 12 1
993 2016 12 31
– I-78 –
2016 12 31
.
4.
(4)
(2) 2016 12 1 2
0.2mm 3D
880 750
2017 3 24
2018 12 31
(3) 2016 12 1
500
(4)
2016 12 31 205,000,000.00
(5)
2016 49,000,000.00
189,173,393.60
15,000,000.00
6,000,000.00
– I-79 –
2016 12 31
.
5.
(1)
28,621,134.25 951,397.68
289,079.90 889,079.90
1,349,753.33 1,349,753.33
22,038.01 687,351.82
13,500.00 11,658.10
279,436.97 110,007.97
5,600.00
23,982,714.48 22,795.40
1,650,000.00 1,650,000.00
82,796.95 82,796.95
150,738.92 150,738.92
– I-80 –
2016 12 31
.
5.
(2)
1,279,458.02 884,038.46
3,544,508.91 3,017,684.73
4,611,449.84 3,293,562.08
963,003.08
517,453.69
135,400.00
2,714.60
5,181,103.61
5,496,513.80 347,185.00
1,800,000.00
6,552.00
18,899,748.61 91,246,227.75
239,181.20 6,902,312.39
140,000.00 140,000.00
9,000,000.00 31,200,000.00
3,500.00
1,600.00
2,659,797.02 3,261,179.04
– I-81 –
2016 12 31
.
6.
2015 2015–2017
2015 2016 2017
2015 10 31
=
0
2016 5,895.44 2016 5,685.76
3,517.10
2016 6 2,378.34
.
1.
(1)
2017 2 7 2016 10 31
100%
100%
70.99% 10 57,345.70
511,865,700
– I-82 –
2016 12 31
.
1.
(2)
2017 2 14
18
23,950
50 24,000 2017 3
1
(3)
2017 2 14
400T
1,400 m2 280 m2
680 m2 80,030
.
1.
2.
(1)
– I-83 –
2016 12 31
.
2.
(2)
1.
2016 2015
2016 2015 12 31 12 31
392,095,626.14 662,156,635.13 774,437,998.66 826,682,911.68
392,095,626.14 662,156,635.13 774,437,998.66 826,682,911.68
2.
2016 50%
– I-84 –
4. 2017 6 30
2017 6 30
2017 6 30 2017
vConsolidated Balance Sheet (Continued)
2017 6 30
Prepared by: Luoyang Glass Company Limited* 30 June 2017 Unit: Yuan Currency: RMB
Item Note Closing Balance Opening Balance
Current Assets:
Cash and cash equivalents 1 .1 90,688,037.20 157,528,516.53
Clearing settlement funds
Placements with banks and other financial
institutions
Financial assets at fair value through profit
or loss
Derivative financial assets
Bills receivables 2 .2 43,611,023.42 45,986,571.00
Accounts receivables 3 .3 138,102,959.21 101,891,329.13
Prepayments 4 .4 3,394,273.59 1,638,352.47
Premiums receivable
Receivables from reinsurers
Deposits receivable from reinsurance
contract
Interest receivable
Dividend receivable
Other receivables 5 .5 30,165,639.43 107,581,717.91
Purchases of resold financial assets
Inventories 6 .6 125,052,551.31 132,978,500.26
Assets classified as held for sale
Non-current assets due within one year
Other current assets 7 .7 25,249,726.39 34,874,034.35
Total current assets 456,264,210.55 582,479,021.65
Non-current assets:
Loans and advances granted
Available-for-sale financial assets
Held-to-maturity investment
Long-term receivables 9 .9 55,000,000.00 55,000,000.00
Long-term equity investment
Investment properties
Fixed assets 10 .10 616,035,578.26 648,972,313.06
Construction in progress 11 .11 14,085,910.61 –
Engineering materials
Disposal of fixed assets
Productive biological assets
Oil and gas assets
Intangible assets 12 .12 117,744,298.48 62,609,172.40
Development expenditures
Goodwill
Long-term deferred expenses 13 .13 4,926,055.07 3,515,290.90
Deferred income tax assets 14 .14 2,667,194.21 4,341,222.30
Other non-current assets 15 .15 364,102.58 –
Total non-current assets 810,823,139.21 774,437,998.66
Total assets 1,267,087,349.76 1,356,917,020.31
– I-85 –
Consolidated Balance Sheet (Continued)
2017 6 30
Prepared by: Luoyang Glass Company Limited* 30 June 2017 Unit: Yuan Currency: RMB
Item Note Closing Balance Opening Balance
Current liabilities:
Short-term borrowings 16 .16 326,496,500.00 20,000,000.00
Borrowings from central bank
Deposit taking and deposit in inter-bank
market
Placements from banks and other financial
institutions
Financial liabilities at fair value through profit
or loss
Derivative financial liabilities
Bills payables 17 .17 50,000,000.00 90,000,000.00
Accounts payables 18 .18 32,946,511.78 46,373,902.20
Receipts in advance 19 .19 11,271,186.74 14,391,654.50
Disposal of repurchased financial assets
Handling charges and commissions payable
Employee compensation payable 20 .20 18,417,757.49 25,743,969.95
Taxes payable 21 .21 6,744,882.37 15,381,067.45
Interest payable 22 .22 1,717,967.40 713,868.25
Dividend payable
Other payables 23 .23 53,049,499.38 42,578,922.04
Reinsurance accounts payable
Deposits for insurance contracts
Customer deposits for trading in securities
Amounts due to issuer for securities
underwriting
Liabilities classified as held for sale
Non-current liabilities due within one year 24 .24 111,407,706.89 471,337,062.91
Other current liabilities
Total current liabilities 612,052,012.05 726,520,447.30
– I-86 –
Balance Sheet of the Company
2017 6 30
Prepared by: Luoyang Glass Company Limited* 30 June 2017 Unit: Yuan Currency: RMB
Item Note Closing Balance Opening Balance
Non-current liabilities:
Long-term borrowings 25 .25 121,722,318.19 87,836,374.23
Bonds payable
Including: Preferential shares
Perpetual bonds
Long-term payables
Long-term employee compensation payable
Special payables
Accrued liability
Deferred income 26 .26 8,865,643.54 19,290,781.82
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 130,587,961.73 107,127,156.05
Total Liabilities 742,639,973.78 833,647,603.35
Owners’ equity
Share capital 27 .27 526,766,875.00 526,766,875.00
Other equity instruments
Including: Preferential shares
Perpetual bonds
Capital reserve 28 .28 1,473,105,039.50 1,473,105,039.50
Less: Treasury stock
Other comprehensive income
Special reserve
Surplus reserve 29 .29 51,365,509.04 51,365,509.04
General risk provisions
Undistributed profit 30 .30 -1,526,790,047.56 -1,527,968,006.58
Total owners’ equity attributable to owners of the
Company 524,447,375.98 523,269,416.96
Minority interests
Total owners’ equity 524,447,375.98 523,269,416.96
Total liabilities and owners’ equity 1,267,087,349.76 1,356,917,020.31
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-87 –
Balance Sheet of the Company (Continued)
2017 6 30
Prepared by: Luoyang Glass Company Limited* 30 June 2017 Unit: Yuan Currency: RMB
Item Note Closing Balance Opening Balance
Current Assets:
Cash and cash equivalents 70,744,724.85 109,837,249.29
Financial assets at fair value through profit
or loss
Derivative financial assets
Bills receivables 740,000.00 12,832,190.32
Accounts receivables 1 XI.1 206,785,944.80 207,658,323.10
Prepayments 692,465.64 58,700.86
Interest receivable
Dividend receivable
Other receivables 2 XI.2 24,603,318.97 82,751,723.72
Inventories
Assets classified as held for sale
Non-current assets due within one year
Other current assets 156,428.50 52,829.24
Total current assets 303,722,882.76 413,191,016.53
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investment
Long-term receivables 55,000,000.00 55,000,000.00
Long-term equity investment 3 XI.3 828,986,593.99 748,986,593.99
Investment properties
Fixed assets 2,688,202.10 2,878,637.33
Construction in progress
Engineering materials
Disposal of fixed assets
Productive biological assets
Oil and gas assets
Intangible assets 64,376,286.57 6,674,333.25
Development expenditures
Goodwill
Long-term deferred expenses 216,000.00 270,000.00
Deferred income tax assets
Other non-current assets
Total non-current assets 951,267,082.66 813,809,564.57
Total assets 1,254,989,965.42 1,227,000,581.10
– I-88 –
Balance Sheet of the Company (Continued)
2017 6 30
Prepared by: Luoyang Glass Company Limited* 30 June 2017 Unit: Yuan Currency: RMB
Item Note Closing Balance Opening Balance
Current liabilities:
Short-term borrowings 321,496,500.00 –
Financial liabilities at fair value through profit or loss
Derivative financial liabilities
Bills payable 60,000,000.00 90,000,000.00
Accounts payable 7,035,573.47 15,317,580.28
Receipts in advance 10,188,797.54 11,625,410.24
Employee compensation payable 5,744,367.17 8,015,791.49
Taxes payable 551,330.73 807,117.66
Interest payable
Dividend payable
Other payables 412,242,355.52 281,486,640.75
Liabilities classified as held for sale
Non-current liabilities due within one year 9,146,724.30 386,428,324.30
Other current liabilities
Total current liabilities 826,405,648.73 793,680,864.72
Non-current liabilities:
Long-term borrowings 826,297.19 946,806.31
Bonds payable
Including: Preferential shares
Perpetual bonds
Long-term payables
Long-term employee compensation payable
Special payables
Accrued liability
Deferred income
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 826,297.19 946,806.31
Total Liabilities 827,231,945.92 794,627,671.03
– I-89 –
Consolidated Income Statement
2017 6 30
Prepared by: Luoyang Glass Company Limited* 30 June 2017 Unit: Yuan Currency: RMB
Item Note Closing Balance Opening Balance
Owners’ equity:
Share capital 526,766,875.00 526,766,875.00
Other equity instruments
Including: Preferential shares
Perpetual bonds
Capital reserve 1,253,391,100.15 1,253,391,100.15
Less: Treasury stock
Other comprehensive income
Special reserve
Surplus reserve 51,365,509.04 51,365,509.04
Undistributed profit -1,403,765,464.69 -1,399,150,574.12
Total owners’ equity 427,758,019.50 432,372,910.07
Total liabilities and owners’ equity 1,254,989,965.42 1,227,000,581.10
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-90 –
Consolidated Income Statement (Continued)
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
January– January–
Item Note June 2017 June 2016
. I. Total operating revenue 154,969,277.04 137,239,714.63
Including: Operating revenue 31 .31 154,969,277.04 137,239,714.63
Interest income
Premium earned
Handling charges and
commission income
. II. Total operating costs 170,783,254.39 164,010,892.76
Less: Operating cost 31 .31 112,590,015.32 128,487,520.70
Interest expense
Handling charges and
commission expense
Surrender value
Net compensation expenses
Net amount of provisions for
insurance contract
Expenditures on policy dividend
Reinsurance expenses
Taxes and surcharges 32 .32 3,301,953.14 192,141.99
Selling expenses 33 .33 3,261,156.57 3,541,156.15
Administrative expenses 34 .34 37,112,773.42 27,468,430.63
Financial expenses 35 .35 13,663,932.39 3,217,323.22
Impairment losses of assets 36 .36 853,423.55 1,104,320.07
Add: Gains from changes in fair
- value (loss is represented
by “-”)
- Investment income (loss is
represented by “-”)
Including: Gains from investment
in associates and
joint ventures
- Exchange gain (loss is
represented by “-”)
Other income 19,749,138.28 –
– I-91 –
Income Statement of the Company
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
January– January–
Item Note June 2017 June 2016
. - III. Operating profit (loss is 3,935,160.93 -26,771,178.13
represented by “-”)
Add: Non-operating income 37 .37 1,909,633.82 4,328,879.61
Including: Gains on disposal of 37 .37 83,418.35 95.03
non-current assets
Less: Non-operating expense 38 .38 236,378.61 140,580.22
Including: Losses on disposal of
non-current assets
. - IV. Total profit (total loss is represented by “-”) 5,608,416.14 -22,582,878.74
Less: Income tax expenses 39 .39 4,430,457.12 3,162,715.49
. - V. Net profit (net loss is represented by “-”) 1,177,959.02 -25,745,594.23
Net profit attributable to the owners of 1,177,959.02 -25,745,594.23
the Company
Minority interests
. VI. Other comprehensive income, net of tax
. VII. Total comprehensive income 1,177,959.02 -25,745,594.23
Total comprehensive income attributable 1,177,959.02 -25,745,594.23
to owners of the Company
Total comprehensive income attributable
to minority interests
. VIII. Earnings per share:
(I) Basic earnings per share (RMB/share) 0.0022 -0.0491
(II) Diluted earnings per share (RMB/share)
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-92 –
Consolidated Cash Flow Statement
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
Item Note January–June 2017 January–June 2016
. I. Operating revenue 4 XI.4 72,438,752.95 90,696,768.06
Less: Operating cost 4 XI.4 72,252,825.33 88,703,352.02
Taxes and surcharges 401,776.30 15,183.99
Selling expenses 218,657.97 337,516.41
Administrative expenses -1,139,669.58 10,410,987.82
Financial expenses 11,070,786.45 -905,799.95
Impairment losses of assets 600,521.20 –
Add: Gains from changes in fair value
- (loss is represented by “-”)
Investment income (loss is 5 XI.5 5,515,364.92 5,533,462.50
- represented by “-”)
Including: Gains from investment
in associates and
joint ventures
Other income
. - II. Operating profit (loss is represented by “-”) -5,450,779.80 -2,331,009.73
Add: Non-operating income 1,036,395.35 65,836.27
Including: Gains on disposal of – 95.03
non-current assets
Less: Non-operating expense 200,506.12 –
Including: Losses on disposal
of non-current
assets
. - III. Total profit (total loss is represented by “-”) -4,614,890.57 -2,265,173.46
Less: Income tax expenses
. - IV. Net profit (net loss is represented by “-”) -4,614,890.57 -2,265,173.46
. V. Other comprehensive income, net of tax
. VI. Total comprehensive income -4,614,890.57 -2,265,173.46
. VII. Earnings per share:
(I) Basic earnings per share (RMB/
share)
(II) Diluted earnings per share
(RMB/share)
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-93 –
Consolidated Cash Flow Statement (Continued)
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
Item Note January–June 2017 January–June 2016
. I. Cash flow from operating activities:
Cash received from sales of goods or 59,649,540.35 46,357,908.63
rendering of services
Tax refunds received
Other cash received related to operating 40 VI. 40 12,309,769.38 5,590,870.37
activities
Subtotal of cash inflows from operating 71,959,309.73 51,948,779.00
activities
Cash paid for purchase of goods or 31,980,948.60 60,010,928.46
rendering of services
Cash paid to and for employees 36,826,931.46 36,484,249.91
Cash paid for various taxes 18,026,778.16 15,594,521.33
Other cash payments related to 40 VI. 40 7,345,032.08 15,695,448.22
operating activities
Subtotal of cash outflows from operating 94,179,690.30 127,785,147.92
activities
Net cash flow from operating activities -22,220,380.57 -75,836,368.92
. II. Cash flow from investment activities:
Cash from recovery of investment
Cash received from return of investment
Net cash received from disposal of fixed 2,348,600.00 –
assets, intangible assets and other
long-term assets
Net cash received from disposal of –
subsidiaries and other operating units
Other cash received from investment 40 VI. 40 23,798,268.89 –
activities
Subtotal of cash inflows from investment 26,146,868.89 –
activities
Cash paid for the acquisition and 5,295,506.51 148,134.20
construction of fixed assets, intangible
assets, and other long-term assets
Cash paid for investment
Net increase in pledged loans
Net cash paid for acquisition of
subsidiaries and other operating
entities
Other cash payments related to 40 VI. 40 – 90,729,715.31
investment activities
Subtotal of cash outflows from 5,295,506.51 90,877,849.51
investment activities
Net cash flow from investment activities 20,851,362.38 -90,877,849.51
– I-94 –
Cash Flow Statement of the Company
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
Item Note January–June 2017 January–June 2016
. III. Cash flows from financing activities:
Cash received from investment – 209,624,984.30
Including: cash received by subsidiaries
from investments of minority
interests
Proceeds from loans 335,904,000.00 15,000,000.00
Cash received from issuing bonds
Other cash received related to financing 40 VI. 40 271,257,432.90 81,055,772.70
activities
Subtotal of cash inflows from financing 607,161,432.90 305,680,757.00
activities
Cash paid for repayments of borrowings 347,464,266.99 54,238,626.83
Cash payment for distribution of 9,008,431.66 3,841,626.46
dividends and profits or repayment of
interest
Including: dividends and profits paid
by subsidiaries to minority
interests
Other cash payments related to 40 VI. 40 301,160,000.00 86,855,497.44
financing activities
Subtotal of cash outflows from financing 657,632,698.65 144,935,750.73
activities
Net cash flow from financing activities -50,471,265.75 160,745,006.27
. IV. Effect of exchange rate changes on cash -195.39 128.15
and cash equivalents
. V. Net increase in cash and cash -51,840,479.33 -5,969,084.01
equivalents
Add: Opening balance of cash and 112,528,516.53 42,342,860.91
cash equivalents
. VI. Closing balance of cash and cash 60,688,037.20 36,373,776.90
equivalents
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-95 –
Cash Flow Statement of the Company (Continued)
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
Item Note January–June 2017 January–June 2016
. I. Cash flow from operating activities:
Cash received from sales of goods or 37,301,455.04 31,355,222.82
rendering of services
Tax refunds received
Other cash received related to operating 37,206,581.02 139,387,525.74
activities
Subtotal of cash inflows from operating 74,508,036.06 170,742,748.56
activities
Cash paid for purchase of goods and 86,900.00 21,495,623.96
rendering of services
Cash paid to and for employees 6,977,169.55 12,015,636.74
Cash paid for various taxes 686,886.91 943,550.75
Other cash payments related to operating 83,702,867.49 165,597,696.70
activities
Subtotal of cash outflows from operating 91,453,823.95 200,052,508.15
activities
Net cash flow from operating activities -16,945,787.89 -29,309,759.59
. II. Cash flow from investment activities:
Cash from recovery of investment
Cash received from return of investment
Net cash received from disposal of fixed 400,000.00 –
assets, intangible assets and other long-
term assets
Net cash received from disposal of –
subsidiaries and other operating units
Other cash received from investment 43,164,222.88 –
activities
Subtotal of cash inflows from investment 43,564,222.88 –
activities
Cash paid for the acquisition and construction 3,360,200.60 –
of fixed assets, intangible assets, and other
long-term assets
Cash paid for investment 80,000,000.00 –
Net cash paid for acquisition of subsidiaries
and other operating entities
Other cash payments related to investment – 90,729,715.31
activities
Subtotal of cash outflows from investment 83,360,200.60 90,729,715.31
activities
Net cash flow from investment activities -39,795,977.72 -90,729,715.31
– I-96 –
Consolidated Statement of Changes in Owners’ Equity
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
Item Note January–June 2017 January–June 2016
. III. Cash flows from financing activities:
Cash received from investment – 209,624,984.30
Proceeds from loans 235,904,000.00 –
Cash received from issuing bonds – –
Other cash received related to financing 534,383,680.49 34,555,772.70
activities
Subtotal of cash inflows from financing 770,287,680.49 244,180,757.00
activities
Cash paid for repayment of borrowings 290,582,396.18 21,703,058.86
Cash payment for distribution of dividends 5,815,847.75 17,046.53
and profits or interest repayment
Other cash payments related to financing 441,240,000.00 102,800,000.00
activities
Subtotal of cash outflows from financing 737,638,243.93 124,520,105.39
activities
Net cash flow from financing activities 32,649,436.56 119,660,651.61
. IV. Effects of changes in exchange rate on cash -195.39 128.15
and cash equivalents
. V. Net increase in cash and cash equivalents -24,092,524.44 -378,695.14
Add: Opening balance of cash and cash 64,837,249.29 422,236.77
equivalents
. VI. Closing balance of cash and cash equivalents 40,744,724.85 43,541.63
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-97 –
Consolidated Statement of Changes in Owners’ Equity (Continued)
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
Current period
Attributable to owners of the Company
Other equity i struments
Other
Preferentia Perpetual comprehensive General risk Undistributed Total
Item Share capital shares bonds Others Capital reserve Less: Treasury stock i come Specia reserve Surplus reserve provis ons profit Minority i terests owners’ equity
. I. Balance at the end of l st year 526,766,875.00 1,473,105,039.50 51,365,509.04 -1,527,968,006.58 523,269,416.96
Add: Changes i accounting pol c es
Effects of correction of prior period errors
Business combination under common control
Others
. II. Balance at the beginning of the year 526,766,875.00 1,473,105,039.50 51,365,509.04 -1,527,968,006.58 523,269,416.96
. - III. Change for the period (decrease i i dicated by “-”) 1,177,959.02 1,177,959.02
(I) Total comprehensive i come 1,177,959.02 1,177,959.02
(II) Capital contributed or reduced by owners
1. 1. Ordinary shares paid by shareholders
2. 2. Capital contributed by holders of other equity
i struments
3. 3. Amount of share-based payments recognised
i owners’ equity
4. 4. Others
(III) Profit distribution
1. 1. Transfer to surplus reserves
2. 2. Provis on for general risk reserve
3. 3. Distribution to owners (or shareholders)
4. 4. Others
(IV) Internal carry-forward of owners’ equity
1. 1. Transfer of capital reserve to capital (share
capital)
2. 2. Transfer of surplus reserve to capital (share
capital)
3. 3. Surplus reserve making up for l sses
4. 4. Others
(V) Specia reserve
1. 1. Appropriation for the period
2. 2. Uti i ed i the period
(VI) Others
IV. Balance at the end of the period 526,766,875.00 1,473,105,039.50 51,365,509.04 -1,526,790,047.56 524,447,375.98
– I-98 –
Statement of Changes in Owners’ Equity of the Company
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
January–June 2016
Attributable to owners of the Company
Other equity i struments
Other comprehensive General risk Undistributed Total
Item Share capital Preferentia shares Perpetual bonds Others Capital reserve Less: Treasury stock i come Specia reserve Surplus reserve provis ons profit Minority i terests owners’ equity
. I. Balance at the end of l st year 515,018,242.00 1,251,445,315.32 51,365,509.04 -1,539,484,070.36 278,344,996.00
Add: Changes i accounting pol c es
Effects of correction of prior period errors
Business combination under common control
Others
. II. Balance at the beginning of the year 515,018,242.00 1,251,445,315.32 51,365,509.04 -1,539,484,070.36 278,344,996.00
. - III. Change for the period (decrease i i dicated by “-”) 11,748,633.00 197,876,351.30 -25,745,594.23 183,879,390.07
(I) Total comprehensive i come -25,745,594.23 -25,745,594.23
(II) Capital contributed or reduced by owners 11,748,633.00 197,876,351.30 209,624,984.30
1. 1. Ordinary shares paid by shareholders 11,748,633.00 197,876,351.30 209,624,984.30
2. 2. Capital contributed by holders of other equity
i struments
3. 3. Amount of share-based payments recognised
i owners’ equity
4. 4. Others
(III) Profit distribution
1. 1. Transfer to surplus reserves
2. 2. Provis on for general risk reserve
3. 3. Distribution to owners (or shareholders)
4. 4. Others
(IV) Internal carry-forward of owners’ equity
1. 1. Transfer of capital reserve to capital (share
capital)
2. 2. Transfer of surplus reserve to capital (share
capital)
3. 3. Surplus reserve making up for l sses
4. 4. Others
(V) Specia reserve
1. 1. Appropriation for the period
2. 2. Uti i ed i the period
(VI) Others
IV. Balance at the end of the period 526,766,875.00 1,449,321,666.62 51,365,509.04 -1,565,229,664.59 462,224,386.07
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-99 –
Statement of Changes in Owners’ Equity of the Company (Continued)
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
January–June 2017
Other equity i struments Other
Less: comprehensive Undistributed Total
Item Share capital Preferentia shares Perpetual bonds Others Capital reserve Treasury stock i come Specia reserve Surplus reserve profit owners’ equity
. I. Balance at the end of l st year 526,766,875.00 1,253,391,100.15 51,365,509.04 -1,399,150,574.12 432,372,910.07
Add: Changes i accounting pol c es
Effects of correction of prior period errors
Others
. II. Balance at the beginning of the year 526,766,875.00 1,253,391,100.15 51,365,509.04 -1,399,150,574.12 432,372,910.07
. - III. Change for the period (decrease i i dicated by “-”) -4,614,890.57 -4,614,890.57
(I) Total comprehensive i come -4,614,890.57 -4,614,890.57
(II) Capital contributed or reduced by owners
1. 1. Ordinary shares paid by shareholders
2. 2. Capital contributed by holders of other equity
i struments
3. 3. Amount of share-based payments
recognised i owners’ equity
4. 4. Others
(III) Profit distribution
1. 1. Transfer to surplus reserves
2. 3. Distribution to owners (or shareholders)
3. 3. Others
(IV) Internal carry-forward of owners’ equity
1. 1. Transfer of capital reserve to capital (share
capital)
2. 2. Transfer of surplus reserve to capital (share
capital)
3. 3. Surplus reserve making up for l sses
4. 4. Others
(V) Specia reserve
1. 1. Appropriation for the period
2. 2. Uti i ed i the period
(VI) Others
. IV. Balance at the end of the period 526,766,875.00 1,253,391,100.15 51,365,509.04 -1,403,765,464.69 427,758,019.50
– I-100 –
2017 1–6
Prepared by: Luoyang Glass Company Limited* January–June 2017 Unit: Yuan Currency: RMB
January–June 2016
Other equity i struments Other
Less: comprehensive Undistributed Total
Item Share capital Preferentia shares Perpetual bonds Others Capital reserve Treasury stock i come Specia reserve Surplus reserve profit owners’ equity
. I. Balance at the end of l st year 515,018,242.00 1,030,115,828.84 51,365,509.04 -1,353,434,966.46 243,064,613.42
Add: Changes i accounting pol c es
Effects of correction of prior period errors
Others
. II. Balance at the beginning of the year 515,018,242.00 1,030,115,828.84 51,365,509.04 -1,353,434,966.46 243,064,613.42
. - III. Change for the period (decrease i i dicated by “-”) 11,748,633.00 197,876,351.30 -2,265,173.46 207,359,810.84
(I) Total comprehensive i come -2,265,173.46 -2,265,173.46
(II) Capital contributed or reduced by owners 11,748,633.00 197,876,351.30 209,624,984.30
1. 1. Ordinary shares paid by shareholders 11,748,633.00 197,876,351.30 209,624,984.30
2. 2. Capital contributed by holders of other equity
i struments
3. 3. Amount of share-based payments
recognised i owners’ equity
4. 4. Others
(III) Profit distribution
1. 1. Transfer to surplus reserves
2. 3. Distribution to owners (or shareholders)
3. 3. Others
(IV) Internal carry-forward of owners’ equity
1. 1. Transfer of capital reserve to capital (share
capital)
2. 2. Transfer of surplus reserve to capital (share
capital)
3. 3. Surplus reserve making up for l sses
4. 4. Others
(V) Specia reserve
1. 1. Appropriation for the period
2. 2. Uti i ed i the period
(VI) Others
. IV. Balance at the end of the period 526,766,875.00 1,227,992,180.14 51,365,509.04 -1,355,700,139.92 450,424,424.26
Legal representative: Person in charge of accounting: Person in charge of accounting department:
Zhang Chong Ma Yan Chen Jing
– I-101 –
. II. Company Profile
1. 1. Company overview
Luoyang Glass Company Limited* (“the Company”) was incorporated
in the People’s Republic of China (“the PRC”) as a joint stock limited
company.
The Company forms part of the restructuring plan of China Luoyang
Float Glass (Group) Company Limited (“CLFG”), a state-owned
enterprise. Pursuant to the approvals from relevant PRC authorities
including the State Restructuring Commission and the National
1994 4 6 Administrative Bureau of State-owned Assets, CLFG established the
Company on 6 April 1994 with CLFG as the sole promoter. At the
400,000,000 time of its establishment, the Company had a registered capital of
400,000,000 RMB400,000,000, including 400,000,000 state-owned legal person
1.00 shares of RMB1.00 each which was paid up in full by CLFG by way of
transfer of its principal business undertakings and subsidiaries together
with the relevant assets and liabilities.
1994 6 29 On 29 June 1994, 250,000,000 H shares were issued at HK$3.65 per
250,000,000 H share, which were listed on the Stock Exchange of Hong Kong Limited
3.65 H 1994 7 8 on 8 July 1994.
H According to the plan disclosed in the H shares prospectus and
1995 with the approval from the China Securities Regulatory Commission,
9 29 the Company issued 40,000,000 A shares to the public in the PRC
5.03 40,000,000 A and 10,000,000 A shares to the employees of the Company on 29
10,000,000 A September 1995 at RMB5.03 each, which were listed on the Shanghai
40,000,000 A Stock Exchange on 30 October 1995 and 10 May 1996, respectively.
10,000,000 A
1995 10 30 1996 5 10
2006 6 In June 2006, as approved at the general meeting of the Company
and approved by the document (Shang Zi Pi [2006] No. 1232) from
the Ministry of Commerce of the PRC, CLFG enabled the shares it held
in the Company to be tradable by transfer of 21,000,000 shares of the
Company at nil consideration to the holders of tradable A shares in
[2006]1232 accordance with regulations of “Provisions on Management of Share
2100 Reform Proposals of Listed Companies”(
A )issued by China Securities Regulatory Commission (“CSRC”) and
“Guidelines on Share Reform Proposals of Listed Companies”(
)issued by Shanghai Stock Exchange.
37,900 Upon the completion of the reform, CLFG reduced its shareholding in
the Company to 379,000,000 shares.
– I-102 –
. II. Company Profile (Continued)
1. 1. Company overview (Continued)
2006 11 30 According to the judgment (2007) Luo Zhi Zi No. 18-32 issued by
(2007) 18–32 the Intermediate People’s Court of Luoyang, Henan Province on 30
November 2006, 199,981,758 A shares of the Company held by CLFG
199,981,758 A were used to offset the debts of RMB629,942,543 due to the Company.
629,942,543 The transfer registration has been processed by China Securities
Depository and Clearing Corporation Limited Shanghai Branch on 6
2006 12 6 December 2006. Accordingly, CLFG reduced its shareholding in the
Company to 179,018,242 shares and the Company’s total share capital
179,018,242 was changed to be 500,018,242 shares.
500,018,242
2010 9 3 On 3 September 2010, CLFG sold 20,000,000 non-restricted circulating
shares of the Company (representing 4% of the total share capital of
20,000,000 the Company) via the Block Trading System of the Shanghai Stock
4% Exchange. After the sale of the shares, CLFG holds 159,018,242
159,018,242 non-restricted circulating shares of the Company, representing 31.8% of
31.8% the total share capital of the Company.
2015 8 25 2015 In accordance with the resolution of 2015 first extraordinary general
2015 12 meeting held on 25 August 2015, and the Approval of the Issuance of
4 Shares by Luoyang Glass Company Limited* to China Luoyang Float
Glass (Group) Company Limited for Asset Acquisition and Raising of
Supporting Funds Proceeds (CSRC Permit [2015] No. 2813) (
2015 2813 2015 ( [2015]2813 )) issued by CSRC
12 on 4 December 2015, the Company issued 15,000,000 new shares to
15,000,000 China Luoyang Float Glass (Group) Company Limited for the purpose
2016 1 26 of purchasing relevant assets in December 2015. On 26 January 2016,
11,748,633 the Company issued 11,748,633 RMB denominated ordinary shares
1.00 to specific investors at a par value of RMB1.00 per share. After this
526,766,875 issuance, the Company’s total share capital changed to 526,766,875
shares.
– I-103 –
. II. Company Profile (Continued)
1. 1. Company overview (Continued)
2016 10 17 On 17 October 2016, CLFG transferred its 69,000,000 shares in the
6,900 Company to Bengbu Institute by way of agreement. Upon completion
of the transfer by way of agreement, there was no change in the
Company’s de facto controller. CLFG held the Company’s 105,018,242
105,018,242 shares, accounting for 19.94% of the Company’s total share capital.
19.94% Bengbu Institute held the Company’s 69,000,000 shares, accounting for
69,000,000 13.10% of the Company’s total share capital.
13.10%
The principal activities of the Company and its subsidiaries (“the
Group”) are manufacturing and sale of float sheet glass. The scope of
business includes manufacturing of glass and relevant sophisticated
processing goods, mechanical equipment, electric appliances and
accessories, sale of self-produced products, provision of technical
consultancy and technical services.
914103006148088992
Registration Number/Unified Social Credit Codes:
Legal representative: Zhang Chong
9
Registered address and address of head office: No. 9, Tang Gong Zhong Lu, Xigong District, Luoyang
2017 6 30 As of 30 June 2017, the total share capital of the Company was
526,766,875 526,766,875 shares.
These financial statements are released subject to resolution and
approval by the Board of the Company.
2. 2. Scope of Consolidated Financial Statements
No. Name of subsidiary Abbreviation
1
CLFG Longmen Glass Co. Ltd. Longmen Company
2
CLFG Longhai Electronic Glass Limited Longhai Company
3
Bengbu China National Building Materials Information Display Materials Co., Ltd. Bengbu Company
4
CNBMG (Puyang) Photoelectric Material Co., Ltd. Puyang Company
– I-104 –
. III. Basis of Preparation of Financial Statements
1. 1. Basis of preparation
The financial statements of the Company have been prepared on a
going-concern basis in respect of the actual transactions and events
in accordance with the requirements of the Accounting Standards for
Business Enterprises – Basic Standards and the detailed accounting
standards (the “Accounting Standards for Business Enterprises”)
issued by the Ministry of Finance, and based on the following significant
accounting policies and estimates.
2. 2. Going concern
2017 6 30 As at 30 June 2017, the production and operation of the Group
were normal. The Group’s financing channels were unimpeded.
155,787,801.50 Although the Group’s current liabilities exceeded its current assets by
RMB155,787,801.50, the Directors of the Company have evaluated
that the Group is expected to record positive cash flow from operating
activities in the future. Meanwhile, CNBMG, the de facto controller of
the Company, and CLFG, the controlling shareholder of the Company
made an undertaking in respect of provision of financial assistance
to the Company, respectively, to satisfy the capital need for the
Group’s repayment of debts and capital commitment. The Directors
of the Company believe that there exists no problem with the Group’s
continuing operating capability. As a result, the Company has prepared
these financial statements on a going-concern basis.
. IV. Major Accounting Policies and Accounting Estimates
Reminder about specific accounting policies and accounting estimates:
accounting policies concerning the recognition and measurement of
provisions for bad debts for receivables, measurement of inventories
delivered, depreciation of fixed assets, amortisation of intangible assets,
and revenue recognition and measurement of the Company are developed
according to the characteristics of the Group’s business operation. Please
refer to the relevant notes for particulars.
1. 1. Declaration on compliance with Accounting Standards for Business
Enterprises
The financial statements of the Company were prepared in compliance
with the requirements of Accounting Standards for Business Enterprises,
2017 6 30 2017 reflecting the Company’s financial positions as at 30 June 2017, and
1–6 operating results, cash flows and other relevant information for the first
half of 2017 on a true and complete basis.
2. 2. Accounting period
1 1 12 Accounting year of the Company is the calendar year from 1 January to
31 31 December.
– I-105 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
3. 3. Operating cycle
12 The Company takes one year or 12 months as its normal operating
cycle which shall act as the division standard for the liquidity of assets
and liabilities.
4. 4. Measurement currency
The Company’s reporting currency is the Renminbi (“RMB”).
5. 5. The accounting treatment of business combination under common
control and not under common control
(1) (1) Business combination under common control
As for the long-term equity investment combination formed from
the business combination under common control, the party
combining business shall take payment in cash, transfer of
non-cash assets or undertaking of debts as the consideration
of such combination, on the combination date, the Company
shall take the share of the book value of the net asset of the
combined party as stated in the consolidated financial statement
of the ultimate controlling party to be the initial investment cost of
long-term equity investment. Should the combining party takes
the issuance of equity instrument as the consideration for the
combination, the total face value of the issued shares shall be
the share capital. The difference between the initial investment
cost of long-term equity investment and the book value of the
consideration paid (or aggregate nominal value of shares issued)
for the combination shall be adjusted to capital reserve. If the
capital reserve is not sufficient to absorb the difference, any
excess shall be adjusted against retained earnings.
– I-106 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
5. 5. The accounting treatment of business combination under common
control and not under common control (Continued)
(2) (2) Business combination not under common control
For business combination not under common control, the
acquisition cost is the sum of the fair value of assets paid,
liabilities occurred or undertaken and equity bonds issued by the
acquirer, in exchange of control of acquiree. The recognizable
and identifiable assets, liabilities and contingent liabilities of the
acquiree obtained in the business combination not under the
common control shall be measured at fair value on the acquisition
date. Where the cost of a business combination exceeds the
acquirer’s interest in the fair value of the acquiree’s identifiable
net assets, the difference shall be recognized as goodwill. Where
the cost of combination is less than the acquirer’s interest in
the fair value of the acquiree’s identifiable net assets, and upon
review, the above situation remains undchanged, the difference
shall be recognized as non-operating profit for the current period
if it remains true after reassessment.
6. 6. Preparation method of consolidated financial statements
(1) (1) Scope of consolidated financial statements
The Company shall have all subsidiaries (including the individual
entities controlled by the Company) incorporated into the scope
of the consolidated financial statement(s), including such
enterprises controlled by the Company, dispensable parts of the
investee(s) and the structured subject(s).
(2) (2) Centralization of the accounting policies, balance sheet date and
accounting period of the parent company and subsidiaries
An adjustment of subsidiaries’ financial statements is necessary
when preparing consolidated financial statements if the
accounting policy and accounting period adopted by the
Company and its subsidiaries are different.
– I-107 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
6. 6. Preparation method of consolidated financial statements (Continued)
(3) (3) Items to be offset in consolidated financial statement(s)
Consolidated financial statement(s) shall take the balance
sheet(s) of the parent company and of subsidiaries as the
basis, having offsetting the internal transactions between the
parent company and subsidiaries, and between subsidiaries.
Such shares in the owners’ equity of subsidiaries, which are not
attributable to the parent company, shall be the minority interests
which shall be listed under the item of “Minority interests” under
owners’ equity in the consolidated balance sheet(s). Such
long-term equity investment of the parent company being held
by subsidiaries shall be treated as the treasury shares of the
Group which shall be the deduction item of owners’ equity and
presented under “Less: Treasury shares” under owners’ equity in
the consolidated balance sheet(s).
(4) (4) Accounting treatment for subsidiaries acquired
For subsidiaries acquired under common control, the assets,
liabilities, operating results and cash flow of acquired subsidiaries
should be included in consolidated financial statements from the
time when the ultimate controlling party commences the real-time
control. For subsidiaries acquired from business combination not
under common control, when preparing consolidated financial
statements, subsidiaries’ individual financial statements should
be adjusted on the basis of the fair value of identifiable net assets
on the date of acquisition.
– I-108 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
7. 7. Category of joint venture arrangement and accounting treatment for joint
operation
(1) (1) Category of joint venture arrangement
Joint venture arrangement is divided into joint operation and a
joint venture. Such joint venture arrangement yet to be achieved
by an individual entity is regarded as joint operation. An individual
entity refers to such entity having separate and distinguishable
financial structure, including an individual entity of legal person
and a subject which is not a legal person but is recognized
by law. Such joint venture arrangement reached through an
individual entity is usually treated as a joint venture. In the event
that such rights enjoyed and obligations undertaken by the
parties to the joint venture under the joint venture arrangement
are changed as a result of the change in the relevant facts and
situation, the parties to the joint venture shall re-evaluate the
category of such joint arrangement.
(2) (2) Accounting treatment for joint operation
Participants of the joint operation shall conform the following
items related to such participants’ shares of interests in the
joint operation and accounting treatment shall be implemented
pursuant to the provisions of the relevant accounting standards
for business enterprises: to confirm the assets or liabilities held
separately and to confirm the assets or liabilities jointly held
pursuant to such participant’s shares; to confirm such revenue
generated from the sale of such shares enjoyed in the joint
operation; to confirm such revenue generated from any disposal
of assets by the joint operation pursuant to such participant’s
shares; to confirm the expenses incurred individually and to
confirm the expenses incurred in the joint operation pursuant to
such participant’s shares.
As for the participants of joint operation without the common
control thereof, accounting treatment shall be implemented
pursuant to the provisions of the participants to the joint operation
if such participants are entitled to the relevant assets of the
joint operation and are liable to the relevant liabilities of the joint
operation. Otherwise, accounting treatment shall be implemented
pursuant to the relevant accounting standards for business
enterprises.
– I-109 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
7. 7. Category of joint venture arrangement and accounting treatment for joint
operation (Continued)
(3) (3) Accounting treatment for a joint venture
Participants of a joint venture shall implement accounting
2 treatment regarding investment of a joint venture with reference to
the provisions of Accounting Standards for Business Enterprises
No. 2 – Long-term Equity Investments ( 2
). Such participants who are not entitled to common
control shall implement the accounting treatment pursuant to the
extent of impact on the joint venture.
8. 8. Recognition standard of cash and cash equivalents
In preparation of the cash flow statement, cash represents the
Company’s treasury cash and deposit withdrawn on demand. Cash
equivalents defined in preparation of the cash flow statement by the
Company refer to short-term, highly liquid investments that are readily
convertible to known amounts of cash and which are subject to an
insignificant risk on change in value.
9. 9. Translation of transactions in foreign currency and statements in foreign
currency
(1) (1) Translation of transactions in foreign currency
Foreign currency transactions of the Company are recorded in
the recording currency translated at the spot exchange rates
on the transaction date. At the balance sheet date, monetary
items denominated in foreign currencies are translated to RMB
using the spot exchange rate at that date. Exchange differences
arising from the difference between the spot exchange rate on
the balance sheet date and the spot exchange rate at the time
of initial recognition or on the last balance sheet date shall be
recorded into the profit or loss for the period, other than the
exchange difference of special borrowings denoted in foreign
currency eligible for capitalization which shall be capitalized and
recorded in the cost of relevant assets during the capitalization
period. Non-monetary items denominated in foreign currency
measured at historical cost shall continue to be translated at the
spot exchange rate at the date of transaction with the amount
of its functional currency unchanged. The non-monetary items
denoted in foreign currency measured at fair value shall be
translated into the amount in its bookkeeping base currency at
the spot exchange rate on the date the fair value was determined,
the exchange gains and losses arising therefrom shall be treated
as the change in fair value (including the change in exchange
rate), and included in the gains and losses for the current period
or recognized as other comprehensive income.
– I-110 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
9. 9. Translation of transactions in foreign currency and statements in foreign
currency (Continued)
(2) (2) Translation of statements in foreign currency
In the event that the controlling subsidiaries, joint ventures and
associated ventures of the Company adopt such bookkeeping
base currency different from that of the Company, accounting
verification and preparation and reporting of consolidated
financial statements shall be processed after the translation
of financial statements denoted in foreign currency has been
conducted. As for the items of under assets and liabilities in
the balance sheet, the spot exchange rate on the date of the
balance sheet shall be adopted. All the items under owners’
equity excluding the “undistributed profit” shall adopt the spot
exchange rate at the time of occurrence. As for the income and
expenses in the income statement, the spot exchange rate on the
date of transaction shall be adopted. The difference of translation
in the financial statement denoted in foreign currency resulted
from the translation of foreign currency shall be listed under other
comprehensive income of the owners’ equity in the balance sheet.
The cash flow in foreign currency shall be recognized according
to the systematic and reasonable method by adopting the spot
exchange rate on the date of transaction. The amount of impact
on cash due to the change in the exchange rate shall be listed
separately in the cash flow statement. When overseas operation
is disposed of, all of or such part of the difference of translation in
the financial statement denoted in foreign currency related to the
overseas operation, based on the ratio of the overseas operation
disposed of, shall be recognized in current profit or loss.
10. 10. Financial instruments
(1) (1) Classification and recognition of financial instrument
Financial instrument is classified as financial asset or financial
liability and equity instrument. When the Company becomes a
party to a contract of financial instrument, such instrument is
recognized as a financial asset or a financial liability, or an equity
instrument.
In initial recognition, financial asset should be divided into
financial assets at fair value through profit or loss, held-to-maturity
investments, receivables and available-for-sale financial assets.
Classification of financial asset other than receivables is based
on the purpose and capability of financial asset held by the
Company and its subsidiaries. In initial recognition, financial
liability should be divided into financial liability at fair value
through profit or loss and other financial liability.
– I-111 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
10. 10. Financial instruments (Continued)
(1) (1) Classification and recognition of financial instrument (Continued)
Financial assets which are measured at fair value and are
recognized in current profit or loss include such financial assets
targeted to be sold in short term and financial assets designated
at fair value through profit or loss upon initial recognition.
Receivables refer to non-derivative financial assets which do
not have price quotation nor fixed or confirmable recovered
amount in the active market. Available-for-sale financial assets
include such non-derivative and available-for-sale financial
assets and financial assets not classified as others at the time
of initial recognition. Held-for-maturity investment refers to such
non-derivative financial assets with fixed maturity date, fixed or
confirmable recovered amount and for which the management
has express intent and capability to hold until the maturity.
(2) (2) Measurement of financial instrument
Financial instrument of the Company should be measured at
its fair value at initial recognition. Subsequent measurement
shall be dealt with according to the classification: The financial
assets measured at fair value through profit or loss, financial
assets available for sale and financial liabilities measured at fair
value through profit or loss shall be measured at fair value. The
held-to-maturity investments, loans and receivables and other
financial liabilities are measured at amortised cost. As for the
equity instrument investment which do not have price quotation in
the active market and its fair value cannot be reliably measured,
and such derivative financial assets or derivative financial
liabilities linked with the equity instrument and settled through
delivery of the equity instrument shall be measured at cost.
Such profit or loss resulted from the change in the fair value in
the subsequent measurement of the financial assets or financial
liabilities of the Company, except for those related to hedging,
shall be dealt with according to the following methods: The
gains or losses resulted from the change in the fair value of the
financial assets or financial liabilities measured at fair values
through profit and loss for the current period shall be included in
the profit or loss of the change in fair value. The change in the
fair value of available-for-sale financial assets shall be included in
other comprehensive income.
– I-112 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
10. 10. Financial instruments (Continued)
(3) (3) The Company’s recognition method for the fair value of the
financial instruments
Should there be financial instruments in the active market, the
price quotation in the active market shall be used to recognize its
fair value. Should there be no financial instruments in the active
market, the valuation technique shall be adopted to recognize its
fair value. Valuation technique mainly includes market approach,
income approach and cost approach.
(4) (4) Recognition and measurement of transfer of financial assets and
liabilities
When the Company has transferred nearly all of the risks and
rewards related to the ownership of the financial assets to the
transferee, or neither transferred nor retained nearly all of the
risks and rewards related to the ownership of the financial
assets, but has given up control over the financial assets, it shall
derecognize the financial assets. In the event that the financial
assets are satisfied with the derecognization conditions, the book
value of the financial assets to be transferred and the difference
between the consideration received due to such transfer and the
accumulative change in the fair value originally recognized in
other comprehensive income shall be recognized in the current
profit and loss. In the event that part of the financial assets to
be transferred satisfied the derecognization conditions, the
overall book value of the financial assets to be transferred shall
be amortized pursuant to the respective fair values between the
derecognized part and the non-derecognized part.
Should all or part of the current obligations for financial liabilities
have been discharged, such financial liabilities or a part of such
financial liabilities shall be derecognized.
– I-113 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
10. 10. Financial instruments (Continued)
(5) (5) Impairment of financial assets
In case of impairment of the financial assets measured at
amortized cost, provision for impairment will be made based on
the difference between the present value of the expected future
cash flow (excluding future credit loss which has not occurred)
and the book value. Should any objective evidence indicates that
the value of the financial assets has been restored and objectively
is related to the events which occurred after the recognition of the
loss, the impairment loss originally recognized shall be reversed
and be recognized in current profit or loss.
In case of impairment of the financial assets measured at cost,
provision for impairment will be made based on the difference
between the present value of the expected future cash flow and
the book value. Once the impairment loss incurred is recognized,
it will no longer be reversed.
When the objective proof shows that impairment of the
available-for-sale financial assets occurs, the accumulated loss
originally recorded in the shareholders’ equity due to the fall of
fair value is reversed and recorded in impairment loss. As for the
available-for-sale debt instrument investment with recognized
impairment loss, if the post-period fair value rises and objectively,
it is related to the events which occurred after the recognition
of the loss, the impairment loss originally recognized shall be
reversed and recognized in current profit and loss. As for the
available-for-sale equity instrument investment with recognized
impairment loss, the post-period increase in fair value shall be
recorded in shareholders’ equity.
– I-114 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
10. 10. Financial instruments (Continued)
(5) (5) Impairment of financial assets (Continued)
As for the equity instrument investment, it is in the Company’s
judgment that with respect to the “serious” or “non-tentative”
drop in the fair value, the calculation method for the specific
quantifying standard and cost, the method for recognization of
period-end fair value, and the recognization basis during the
period of continuous drop are:
The specific quantifying Period-end fair value dropped
standard for “serious” drop for 50% or more than 50% with
in fair value respect to the cost.
50%
12 The specific quantifying The drop continued for a
standard for “non-tentative” consecutive period of 12 months.
drop in fair value
Calculation method for cost When it is obtained, the sum of the
consideration to be paid (after
deducting the declared but not
released cash dividend or the
debenture interest upon maturity
but not obtained yet) and the
relevant trading fee shall be the
investment cost.
Method for recognization of Should there be financial
period-end fair value instruments in the active market,
the price quotation in the
active market shall be used to
recognize their fair value. Should
there be no financial instruments
in the active market, the valuation
technique shall be adopted to
recognize their fair value.
Recognization basis during During the continuous drop or
the period of continuous the continuing period of falling
drop trend, the degree of rebound
20% is less than 20%. Should the
6 continuing period of rebound
last for less than 6 months, it
should be treated as the period
of continuous drop.
– I-115 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
11. 11. Accounts receivable
The receivables of the Company include accounts receivable, long-term
receivables and other receivables. If there is objective evidence that
they have been impaired, impairment loss shall be recognized based on
the differences between book values and the present value of estimated
future cash flows by the Company.
(1) (1) Accounts receivable of which single amount is significant and is
individually provided for bad debts:
Basis and criteria for Receivables with the book balance
500.00 determining significant of over RMB5 million
single amount
Provision for accounts Recognized at the difference
receivable which single between the book value and the
amount is significant and present value of the expected
is individually provided for future cash flow
bad debts
(2) (2) Receivables with provision for bad debts pursuant to the group of
characteristics of credit risk:
Provision for bad debts pursuant to the group of characteristics of
credit risk (aging analysis method, balance percentage method
and other methods)
Basis for recognition of the Nature of amounts and
group characteristics of risks
– I-116 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
11. 11. Accounts receivable (Continued)
(2) (2) Receivables with provision for bad debts pursuant to the group of
characteristics of credit risk: (Continued)
The group with provision E x c e p t f o r r e c e i v a b l e s w i t h o u t
for bad debts based on provision for bad debts, such
aging analysis receivables without impairment
upon single test shall be divided
into some credit risk groups
pursuant to aging analysis method.
Then, provision for bad debts is
made based on the definite ratio
of the balance of the receivables
group.
(1) The group without (1) Various margins and deposits
provision for bad debts related to the production and
operations that are fully recoverable
upon maturity; (2) Accounts
(2) receivable incurred between the
Company and related party which
has good financial position; (3)
Other amounts that have positive
evidence indicating they are fully
(3) recoverable.
Methods of making
provision for bad debts
in group
The group with provision Aging analysis
for bad debts based on
aging analysis
The group without Without provision for bad debts
provision for bad debts
– I-117 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
11. 11. Accounts receivable (Continued)
(2) (2) Receivables with provision for bad debts pursuant to the group of
characteristics of credit risk: (Continued)
In the group, the provision for bad debts based on aging analysis:
Percentage
of accounts Percentage of
receivable other receivables
Age provided for provided for
(%) (%)
1 1 Within 1 year (including 1 year) 0 0
1 Including: sub-items within 1 year
1 2 1–2 years 30 30
2 3 2–3 years 50 50
3 Above 3 years 100 100
3 4 3–4 years 100 100
4 5 4–5 years 100 100
5 Above 5 years 100 100
(3) (3) Accounts receivable of which single amount is not significant but
individually provided for bad debts:
Reason of the individual Positive evidence indicates that
provision for bad debts there is obvious difference in
recoverability
Provision Method for bad For the provision for bad debts by
debts using individual determination
method, the accounts receivable
from the related party shall be fully
provided for bad debts in the event
that it is estimated that it cannot be
fully recovered.
– I-118 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
12. 12. Inventories
1. 1. Classification
Inventories mean finished goods or merchandise held for sale
in the ordinary course of business, unfinished products in the
process of production, and materials or supplies used in the
process of production or rendering of services. Inventories mainly
include raw materials, revolving materials, work in progress and
finished goods.
2. 2. Measurement for delivered inventories
Upon delivery of inventories, the actual cost of such inventories
will be determined by using weighted average method.
3. 3. Provision for impairment
At the end of the period, after a thorough inspection of the
inventories, provision for decline in value of inventories will be
made or adjusted at the lower of the cost and the net realizable
value. Net realizable value of held-for-sale commodity stocks,
such as finished goods, goods-in-stock, and held-for-sale raw
materials, during the normal course of production and operation,
shall be determined by their estimated selling prices less the
related selling expenses and taxes; the net realizable value of
material inventories, which need to be processed, during the
normal course of production and operation, shall be determined
by the amount after deducting the estimated cost of completion,
estimated selling expenses and relevant taxes from the estimated
selling price of finished goods; the net realizable value of
inventories held for execution of sales contracts or labor contracts
shall be calculated on the ground of the contracted price. If an
enterprise holds more inventories than the quantity stipulated in
the sales contract, the net realizable value of the exceeding part
shall be calculated on the ground of general selling price.
– I-119 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
12. 12. Inventories (Continued)
3. 3. Provision for impairment (Continued)
Decline in value of inventories is made on an item-by-item basis
at the end of the period. For large quantity and low value items
of inventories, provision may be made based on categories of
inventories; for items of inventories relating to a product line that
is produced and marketed in the same geographical area and
with the same or similar end uses or purposes, which cannot
be evaluated separately from other items in that product line,
provision for decline in value of inventories may be determined on
an aggregate basis.
Should the factors causing any write-down of the inventories do
not exist, the amount of write-down will be recovered and be
reversed from the provision for diminution in value of inventories
that has been made. The reversed amount will be included in the
current profits and losses.
4. 4. Inventory system
The Company adopts perpetual inventory system.
5. 5. Amortization of low-value consumables and packaging materials
Low-value consumables are amortized using one-off write-off
method. Packaging materials and other revolving materials are
amortized using equal-split amortization method.
13. 13. Recognition of assets held for sale
Non-current assets meeting the following criteria shall be recognized as
assets held for sale: (i) The resolution has been made to dispose this
non-current asset; (ii) there is an irrecoverable transfer agreement that
has been made between the Company and the transferee; (iii) the whole
transfer shall be completed within one year.
– I-120 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
14. 14. Long-term equity investments
1. 1. Determination of initial investment cost
For a long-term equity investment obtained from business
consolidation under common control, the initial cost is measured
at the share of the carrying amount of the equity of the combined
party; for a long-term equity investment obtained from business
consolidation not under common control, the initial cost is the
consolidation cost at the date of acquisition. For a long-term
equity investment acquired by cash, the initial investment cost
shall be the actual purchase price. For a long-term equity
investment acquired by the issue of equity securities, the initial
investment cost shall be the fair value of the securities issued.
For a long-term equity investment acquired by debt restructuring,
the initial investment cost is recognized according to relevant
requirements of Accounting Standards for Business Enterprises
No.12 – Debt Restructuring. For a long-term equity investment
12 acquired by exchange of non-monetary assets, the initial
investment cost is recognized according to relevant standards
and regulations.
2. 2. Subsequent measurement and profit or loss recognition
Where the investor has a control over the investee, long-term
equity investments are measured using cost method. Long-term
equity investments in associates and joint ventures are measured
using equity method. Where part of the equity investments of
an investor in its associates are held indirectly through venture
investment institutions, common fund, trust companies or other
similar entities including investment linked insurance funds, such
part of equity investments indirectly held by the investor shall be
measured at fair value through profit or loss according to relevant
requirements of Accounting Standards for Business Enterprises
No. 22 – Recognition and measurement of Financial Instruments
22 regardless whether the above entities have significant influence
on such part of equity investments, while the remaining part shall
be measured using equity method.
– I-121 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
14. 14. Long-term equity investments (Continued)
3. 3. Basis of conclusion for common control and significant influence
over the investee
Joint control over an investee refers to where the activities which
have a significant influence on return on certain arrangement
could be decided only by mutual consent of the investing parties
sharing the control, which includes the sales and purchase of
goods or services, management of financial assets, acquisition
and disposal of assets, research and development activities and
financing activities, etc. Significant influence on the investee
refers to that: significant influence over the investee exists when
20% holding more than 20% but less than 50% of the shares with
50% voting rights or even if the holding is below 20%, there is still
20% significant influence if any of the following conditions is met: there
is representative in the board of directors or similar governing
body of the investee; participation in the investee’s policy setting
process; assigning key management to the investee; the investee
relies on the technology or technical information of the investing
company; or major transactions with the investee.
15. 15. Fixed assets
(1) (1) Recognition conditions
Fixed assets are tangible assets that are held for production,
provision of services, leasing or administrative purposes, and
have useful life of more than one financial year. Fixed assets
are recognized when both of the following conditions are met:
economic benefits in relation to the fixed assets are very likely to
flow into the enterprise; and the cost of the fixed assets can be
measured reliably.
– I-122 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
15. 15. Fixed assets (Continued)
(2) (2) Depreciation methods
Main fixed assets held by the Company are buildings and
structures, machine and equipment, electronic equipment and
transportation tools etc. Depreciation is provided based upon
the straight-line method. The Company determines the useful life
and estimates net residual value of a fixed asset according to
the nature and use pattern of the fixed asset. The Company, at
the end of each year, has a review on the useful life, expected
residual value and the depreciation method of the fixed assets.
If it differs from its previous estimate, adjustment will be made
accordingly. The Company provides depreciation for all its fixed
assets other than fully depreciated fixed assets that are still in use
and land individually accounted for.
Annual
Depreciable Residual depreciation
Category Depreciation method life value rate rate
(year) (%) (%)
Buildings and structures Straight-line method 30–50 3–5 1.90–3.23
Machine and equipment Straight-line method 4–28 3–5 3.39–24.25
Electronic equipment Straight-line method 10 3 9.70
Transportation tools Straight-line method 6–12 3–5 7.92–16.17
Other equipment Straight-line method 4–28 3–5 3.39–24.25
(3) (3) Recognition, measurement and depreciation of fixed assets under
finance lease
As for the fixed assets under finance lease, it is a lease that
actually involves the transfer of all risks and rewards related to
the ownership of the asset. Initial price of the fixed assets under
finance lease is taking the lower of the fair value of the leased
asset on the inception date and present value of the minimum
lease payment, as the book value. Subsequent calculation of the
price of the fixed assets under finance lease shall adopt such
depreciation policy for calculating depreciation and making
provision for impairment whereas such policy is consistent with
that for self-owned fixed assets.
– I-123 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
16. 16. Construction in progress
There are two types of construction in progress for the Company:
self-construction and sub-contracting construction. Construction in
progress is transferred to fixed assets when the project is completed
and ready for its intended use. A fixed asset is ready for intended use
if any of the following criteria is met: the construction of the fixed assets
(including installation) has been completed or substantially completed;
the fixed asset has been put to trial production or trial operation and it
is evidenced that the asset can operate ordinarily or produce steadily
qualified products; or the result of trial operation proves that it can run or
operate normally; little or no expenditure will be incurred for construction
of the fixed asset; or the fixed asset constructed has achieved or almost
achieved the requirement of design or contract.
17. 17. Borrowing costs
The Company’s borrowing costs that are directly attributable to the
acquisition or production of a qualifying asset are capitalized into
the cost of relevant assets. Other borrowing costs are recognized
as expenses in profit and loss for the current period when incurred.
Qualifying assets include fixed assets, investment property and
inventories that necessarily take a substantial period of time for
acquisition, construction or production to get ready for their intended use
or sale.
– I-124 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
17. 17. Borrowing costs (Continued)
Calculation of amount to be capitalized
The capitalization period refers to the period beginning from the
commencement of capitalizing borrowing costs to the date of ceasing
capitalization, excluding the period of suspension of capitalization.
Where the acquisition and construction or production of a qualified asset
3 is interrupted abnormally and the interruption period lasts for more than
3 months, the capitalization of the borrowing costs shall be suspended.
For designated borrowings, the capitalized amount shall be the actual
interest expense incurred for the designated borrowings, less the
interest income from the unused funds of the designated borrowings
or investment income from the temporary investments; and for general
borrowings, the weighted average of general borrowings occupied,
based on the accumulated expenditure exceeding the capital
expenditure from designated borrowings times the capitalization rate
of the general borrowings so occupied. The capitalization rate is the
weighted average rate of the general borrowings; and for borrowings
with discount or premium, the discount or premium was amortized over
the term of the borrowings to adjust the interest in every period using
effective interest rate method.
The effective interest rate method is based on the effective interest rate
of the borrowings to calculate the amortization of discount or premium
or interest expense. The effective interest rate is the rate in discounting
the estimated future cash flows to the carrying value of the borrowings.
– I-125 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
18. 18. Intangible assets
(1) (1) Measurement, useful life and impairment test
Measurement of intangible assets
Intangible assets are initially measured at costs. The actual
costs of purchased intangible assets include the considerations
and relevant expenses paid. The actual costs of intangible
assets contributed by investors are the prices contained in the
investment agreements or mutually agreed. If the price contained
in the investment agreement or mutually is not a fair value, the fair
value of the intangible asset is regarded as the actual cost. The
cost of a self-developed intangible asset is the total expenditure
incurred in bringing the asset to its intended use.
Subsequent measurement of the Company’s intangible assets:
Intangible assets with finite useful lives are amortized on a
straight-line basis over the useful lives of the intangible assets;
at the end of each year, the useful lives and amortization policy
are reviewed, and adjusted if there are variance with original
estimates; Intangible assets with indefinite useful lives are not
amortized and the useful lives are reviewed at the end of each
year. If there is objective evidence that the useful life of an
intangible asset is finite, the intangible asset is amortized using
the straight line method according to the estimated useful life.
– I-126 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
18. 18. Intangible assets (Continued)
(1) (1) Measurement, useful life and impairment test (Continued)
Determination basis of infinite useful life
An intangible asset is regarded as having an indefinite useful
life when there is no foreseeable limit to the period over which
the asset is expected to generate economic benefits for the
Company or it has no definite useful life. The judgment basis
of intangible assets with indefinite useful life: derived from the
contractual rights or other legal rights but the contract or the law
does not specify certain useful life; in light of the conditions of
the competitors and the opinions of relevant experts, the specific
period that intangible asset can generate economic benefits to
the Company still can not be determined.
At the end of each year, the useful life shall be reviewed for those
intangible assets with indefinite useful life by mainly using the
bottom-up method. The relevant department that uses intangible
asset will perform the basic review and evaluate whether there
are changes in the basis for judgments of the indefinite useful life,
etc.
– I-127 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
18. 18. Intangible assets (Continued)
(2) (2) Accounting policy regarding the expenditure on the internal
research and development
As for an internal research and development project, expenditure
incurred in the research phase is recognized in profit or loss in
the period as incurred. Expenses incurred in the development
(1) stage are recognized as intangible assets if all of the following
conditions are met: (1) the technical feasibility of completing the
(2) intangible asset so that it will be available for use or for sale; (2)
the intention to complete the intangible asset for use or for sale;
(3) (3) how the intangible asset will generate economic benefits
including there is evidence that the products produced using the
intangible asset has a market or the intangible asset itself has a
market; if the intangible asset is for internal use, there is evidence
that there exists usage for the intangible asset; (4) the availability
(4) of adequate technical, financial and other resources to complete
the development and the ability to use or sell the intangible
asset; (5) the expenditures attributable to the development of the
(5) intangible asset could be reliably measured.
Basis for distinguishing research phase and development phase
of an internal research and development project: research
stage is the activities carried out for the planned investigation
and search of new technology and knowledge, which has the
characteristics of planning and exploration; before commercial
production or other uses, the application of new technologies and
new knowledge obtained from the research phase to produce
new or improved materials, equipment and products is regarded
as development phase, which has the characteristics of very
probable pinpointing and forming results.
– I-128 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
19. 19. Long-term asset impairment
Should there be traces of impairment in long-term equity investment,
property investment adopting cost-mode measurement, fixed assets,
engineering in construction, productive biological assets adopting cost
mode measurement, oil and gas assets, intangible assets, goodwill and
other long-term assets on the balance sheet date, testing for impairment
shall be conducted. The results of said testing for impairment show that
should the recovered amount of assets be lower than their book value,
provision for impairment regarding such difference shall be made and
be recognized in profit and loss.
Recovered amount is the higher of the net amount derived from
deducting the disposal fee from the fair value of asset, and the present
value of the expected cash flow of assets. Provision for asset impairment
shall be calculated and recognized based on a single item of asset. If
it is difficult to evaluate the recovered amount for a single item of asset,
such recovered amount for the asset group can be recognized by the
asset group belonged to such assets. Asset group is the smallest asset
group that can independently generate cash flow.
As for the goodwill listed individually in the financial statement,
regardless of the existence of traces of impairment, impairment test
shall be conducted at least annually. When impairment test is being
conducted, the book value of goodwill will be amortised to such asset
group or asset group combination benefited from the synergic effect of
the expected enterprise combination. Testing results show that should
the recovered amount of such asset group or asset group combination
of amortised goodwill is lower than its book value, the corresponding
impairment loss is recognized. The impairment loss amount is firstly used
to offset such amortised book value of the goodwill regarding such asset
group or asset group combination. The book value of other assets shall
be offset based on the ratio accounted by the book value of such other
assets (excluding the goodwill) of such asset group or asset group
combination.
Once the impairment loss of such assets is recognized, it is not be
reversed in any subsequent period.
– I-129 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
20. 20. Long-term deferred expenses
Long-term deferred expenses of the Company are expenses which
have been paid but the benefit period is over one year (not including
one year). Long-term deferred expenses are amortized evenly over
the estimated benefit period of the expense item. In the case that
the long-term deferred expense cannot benefit the future accounting
period, the residue value of such projects not amortized yet shall all be
transferred to the profit or loss in the current period.
21. 21. Employee compensation
Employees’ compensation refers to remuneration or indemnification in
various forms given to employees for the company’s obtaining of service
provided by employees or for dissolution of labor relationship with
employees. Employees’ compensation shall include short-term wages,
after-service welfare, dismissal welfare and other long-term employees’
welfare.
(1) (1) Accounting treatment of short-term compensation
During the accounting period for which employees provide
their service to the Company, the short-term compensation
actually incurred are recognized as liabilities and recognized
in current profit and loss, except for being recognized in asset
cost as required or allowed by other accounting standards. The
employees’ welfare incurred shall be recognized in current profit
and loss or relevant asset cost based on the actual amount
incurred at the time of occurrence. Should the employees’ welfare
be non-monetary welfare, it shall be measured at fair value. The
Company shall pay for employees’ medical insurance, labor
injury insurance, birth insurance and other social insurance
premium and housing accumulation fund. Besides, the Company
shall allocate labor union expenses and employee education
expenses. During the accounting period for which employees
provide their service, the amount of the corresponding
employee’s compensation shall be calculated and confirmed
pursuant to the allocation basis and the ratio of allocation as
stated; and the corresponding liabilities shall be recognized and
recorded in current profit and loss or the relevant asset cost.
– I-130 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
21. 21. Employee compensation (Continued)
(2) (2) Accounting treatment of off-service welfare
During the accounting period for which employees provide
their service, the Company shall recognize the amount of
deposit reserve calculated based on the Defined Contribution
Plan as liabilities, and shall recognize it in current profit and
loss or the relevant asset cost. According to the formula
confirmed by the expected accumulated welfare unit method,
the welfare obligations generated in Defined benefit plans shall
be attributable to the period for which employees provide their
service and shall be recognized in current profit and loss or the
relevant asset cost.
(3) (3) Accounting treatment of dismissal welfare
When the Company provides employees with dismissal welfare,
the employees’ compensation liabilities generated from the
dismissal welfare is recognized and recorded in current profit
and loss whichever of the following is earlier: when the Company
cannot unilaterally revoke such dismissal welfare provided due to
dissolution of labor relationship plan or suggested redundancy;
when the Company recognizes such cost or fee involving the
restructuring of payment for dismissal welfare.
(4) (4) Accounting treatment of other long-term employees’ welfare
Other long-term employees’ welfare provided to employees by
the Company, if in compliance with the conditions for the Defined
Contribution Plan, shall be processed pursuant to the provisions
of the Defined Contribution Plan. In addition, net liabilities or net
assets of other long-term employees shall be recognized and
measured pursuant to the relevant provisions of the Defined
Benefits Plan.
– I-131 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
22. 22. Estimated liability
If an obligation in relation to contingency is the present obligation of the
Company and the performance of such obligation is likely to lead to the
outflow of economic benefits and its amount can be reliably measured,
such obligation shall be recognized as estimated liability. The best
estimate of the expenditure from current obligation is initially recorded
as accrued liability. When the necessary expenditures fall within a
range and the probability of each result in the range are identical, the
best estimate is the median of the range; if there are severable items
involved, every possible result and relevant probability are taken into
account for the best estimation.
At the balance sheet date, the Company reviews the carrying value
of accrued liability and an adjustment is necessary according to the
current best appraisable amount if there is obvious evidence that
carrying value cannot fairly represent the best appraisable amount.
23. 23. Revenue
(1) (1) Sales of goods
Revenue from the sale of goods shall be recognized at the
amount received or receivable from buyers based on contractual
or agreed prices, only when all of the following conditions are
satisfied: the significant risks and rewards of ownership of the
goods have been passed to the buyer; the Company retains
neither continuing managerial involvement to the degree usually
associated with ownership nor effective control over the goods
sold; the amount of revenue can be measured reliably; it is
probable that the associated economic benefits will flow to the
enterprise; the associated costs incurred or to be incurred can
be measured reliably.
Specific method for revenue recognition: the sales revenue shall
be recognized upon the goods are delivered, the client signs to
acknowledge the receipt of such goods and the relevant papers
such as invoices and bill of lading are handed to the purchasing
client.
If there is deferred payment clause in the agreement or mutually
agreed price, which in substance is a financing nature, the fair
value of the receivables is recorded as sales amount.
– I-132 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
23. 23. Revenue (Continued)
(2) (2) Provision of labor services
At the balance sheet date, when the outcome of a transaction
involving the rendering of services can be estimated reliably,
revenue from provision of services shall be recognized using the
percentage of completion method. The percentage of completion
is determined by the Company based on the percentage of
actual cost over estimated total cost. At the balance sheet date,
when the outcome of the transaction involving the rendering of
services cannot be estimated reliably, it shall be dealt with in the
following ways: if the cost of services incurred is expected
to be compensated, the revenue from the rendering of services
is recognized to the extent of actual cost incurred to date, and
the relevant cost is carried forward to cost of service in profit
or loss; if the cost of services incurred is not expected to be
compensated, the cost incurred should be included in current
profit or loss, and no revenue from the rendering of services may
be recognized.
(3) (3) Alienating the right to use an asset
When the inflow of economic benefits from the alienating of assets
is probable and the income can be measured reliably, the income
from alienating the right to use an asset is recognized.
– I-133 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
24. 24. Government grants
(1) (1) Basis for determination of and accounting treatment for
government grants related to assets
If the government grant received by the Company is used for
construction or other project that forms a long term asset, it
is regarded as asset-related government grant. Asset-related
government grant is recognized as deferred income and is
evenly amortized to profit or loss on a straight-line basis over the
useful life of the relevant asset starting from the date the asset is
available for use.
(2) (2) Basis for determination of and accounting treatment for
government grants related to income
The government grants other than the government grants related
to assets are recognized as government grants related to income.
Government grants related to income shall be treated as follows:
those used to compensate relevant expenses or losses to be
incurred by the enterprise in subsequent periods are recognized
as deferred income and recorded in profit and loss for the current
period when such expenses are recognized; and those used to
compensate relevant expenses or losses that have been incurred
by the enterprise are recorded directly in profit or loss for the
current period.
(3) (3) Specific standards for differentiating governmental grants related
to assets from those related to income
Where there is no express regulation on subsidy object
in government documents, the criteria for differentiating
governmental grants related to assets from those related to
income is as below: government grant subject to a certain
project shall be separated according to the proportion of
expenditure budget and capitalization budget, and the proportion
shall be reviewed and modified if necessary on the balance sheet
date; government grant shall be categorized as related to
income if its usage is just subject to general statement without
specific project in relevant document.
– I-134 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
25. 25. Deferred tax assets/deferred tax liabilities
(1) (1) The deferred income tax assets or income tax liabilities shall be
calculated and recognized at the applicable tax rate during which
such asset are expected to be recovered or such liabilities can
be settled, based on the difference between the carrying amount
of assets and liabilities and their tax basis (for the items that have
not been recognized as the assets and liabilities and whose
taxable basis can be determined according to the tax law, the
taxable basis can be determined as its difference).
(2) (2) The deferred income tax assets are recognized to the extent that
it is probable that future taxable profits will be available against
which deductible temporary differences can be utilized. At the
balance sheet date, if there is positive evidence indicating that
sufficient taxable profits can be obtained in the future period to
deduct deductible temporary differences, and the unrecognized
deferred income tax asset in the previous accounting period shall
be recognized. The carrying amount of a deferred tax asset is
reduced to the extent that it is no longer probable that sufficient
taxable profits will be available to allow the benefit of the deferred
tax asset to be utilized.
(3) (3) As for taxable temporary difference related to the investments of
subsidiaries and associated enterprises, the deferred income tax
liabilities are recognized unless the Company can control the time
for the reversal of temporary differences and such differences
are much likely not to be reversed in the foreseeable future. As
for the deductible temporary difference related to investments
in subsidiaries and associated enterprises, the deferred income
tax assets shall be recognized when such temporary differences
are much likely to be reversed in the foreseeable future and
the taxable profit are available against which the deductible
temporary difference can be utilized.
– I-135 –
. IV. Major Accounting Policies and Accounting Estimates (Continued)
26. 26. Lease
Accounting treatment for operating leases
Lease expenditure for operating leases shall be recorded into the cost
of the relevant asset or the current profits and losses on a straight-line
basis during the lease term.
27. 27. Changes in significant accounting policies
Details of and reasons for changes Note (Financial statement items
in accounting policies Procedures for approval and amounts materially affected)
2017 5 10 2017 1–6
16 2017 126
2006 16 19,749,138.28
2017 1 1
2017 1 1
19,749,138.28
On 10 May 2017, the Ministry of Finance of the PRC Approved at the 33rd meeting Items of income statement for
published the amended Accounting Standard for of the eighth session of the January to June 2017
Business Enterprises No. 16 – Government Grants Board of the Company
which came into force since 12 June 2017 with the An increase in other income by
Accounting Standard for Business Enterprises No. RMB19,749,138.28
16 promulgated by the Ministry of Finance of the
PRC in 2006 repealed simultaneously. In accordance A decrease in non-operating
with such amended standard, for government grants income by RMB19,749,138.28
existing as at 1 January 2017, the prospective
application method shall be applied; and for newly-
added government grants from 1 January 2017 to
the date on which the standard came into force,
adjustments shall be made according to the amended
standard.
Explanation:
2017 6 12 The Group started to implement the amended standard since 12 June
2017.
The main changes in the aforementioned accounting policy are
as follows: government grants relating to the ordinary activities of
enterprises shall be included in other income or used to write down the
related costs based on the nature of economic business. Enterprises
shall separately present “other income” above “operating profit” in their
income statements and the government grants included in other income
shall be reflected therein. Government grants not relating to the ordinary
activities of enterprises shall be included in non-operating income and
expenses.
– I-136 –
. V. Taxes
1. 1. Major categories of taxes and tax rates
Category Tax basis Tax rate
Value added tax Assessable value-added part 13% 17% 13% and 17%
of sales revenue and labor
services
City maintenance and Turnover tax paid 5% 7% 5% and 7%
construction tax
Enterprise income tax Enterprise's profit 15% 25% 15% and 25%
Educational Turnover tax paid 3% 3%
surcharges
Should there be any entity paying taxes at different enterprise income
tax rates, the disclosure is explained below
Name of entity paying taxes Income tax rate
The Company 25%
Longhai Company, Bengbu Company 15%
Other subsidiaries 25%
2. 2. Preferential tax treatment
2016 Longhai Company, a wholly-owned subsidiary of the Company, has
12 2017 been approved as a high-tech enterprise in December 2016 and paid
15% the enterprise income tax at a tax rate of 15% in 2017.
2016 Bengbu Company, a wholly-owned subsidiary of the Company, has
10 21 been approved as a high-tech enterprise on 21 October 2016 by Anhui
Provincial Department of Science and Technology, Anhui Provincial
Department of Finance, Anhui Provincial Office, SAT and Anhui Local
GR201634000360 Taxation Bureau, and has been granted the High-tech Enterprise
Certificate (No. GR201634000360) with a term of 3 years. Bengbu
2017 15% Company paid the enterprise income tax at a tax rate of 15% in 2017.
– I-137 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
1. 1. Cash and cash equivalents
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Cash on hand 87,694.01 95,219.74
Deposits at banks 60,600,343.19 112,433,296.79
Other cash and cash equivalents 30,000,000.00 45,000,000.00
Total 90,688,037.20 157,528,516.53
2. 2. Notes receivable
(1) (1) Category of notes receivable
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Bank acceptance 43,611,023.42 45,586,571.00
Trade acceptance 400,000.00
Total 43,611,023.42 45,986,571.00
– I-138 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
2. 2. Notes receivable (Continued)
(2) (2) Notes receivable which were endorsed but were not yet
discounted by the Company at the end of the period and not due
as of the date of the balance sheet:
Unit: Yuan Currency: RMB
Derecognized amount Not-yet-derecognized
at the end of amount at the end
Item the period of the period
Bank acceptance 45,070,979.84
Trade acceptance
Total 45,070,979.84
3. 3. Accounts receivable
(1) (1) Disclosed categorization of accounts receivable
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying amount Provision for bad debts Carrying amount Provision for bad debts
Category Amount Ratio Amount Provision ratio Book value Amount Ratio Amount Provision ratio Book value
(%) (%) (%) (%)
Account receivables with significant
single amount and individual
provision for bad debts
Accounts receivable with provision 193,577,848.89 100.00 55,474,889.68 28.66 138,102,959.21 156,466,612.01 100.00 54,575,282.88 34.88 101,891,329.13
for bad debts pursuant to
the group with credit risk
characteristics
Account receivables with
insignificant single amount and
individual provision for bad debts
Total 193,577,848.89 / 55,474,889.68 / 138,102,959.21 156,466,612.01 / 54,575,282.88 / 101,891,329.13
– I-139 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
3. 3. Accounts receivable (Continued)
(1) (1) Disclosed categorization of accounts receivable (Continued)
For the groups, the accounts receivable with provision for bad
debts are calculated pursuant to the ageing analysis method are
as follows:
Unit: Yuan Currency: RMB
Closing balance
Accounts Provision for
Aging receivable bad debts Provision ratio
(%)
1 Within 1 year
1 Including: Sub-items within 1 year
1 Sub-total within 1 year 109,541,575.90
1 2 1 to 2 years 4,746,367.28 1,423,910.18 30.00
2 3 2 to 3 years 2.14 1.07 50.00
3 Above 3 years
3 4 3 to 4 years 79,720.82 79,720.82 100.00
4 5 4 to 5 years 605,589.30 605,589.30 100.00
5 Above 5 years 53,365,668.31 53,365,668.31 100.00
Total 168,338,923.75 55,474,889.68 32.95
For the groups, the accounts receivable without provision for bad debts
are as follows:
Unit: Yuan Currency: RMB
Amount at the
Amount at the end beginning of
Item of the period the period
Group without provision for bad debts 25,238,925.14 30,282,005.49
(related parties)
Total 25,238,925.14 30,282,005.49
– I-140 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
3. 3. Accounts receivable (Continued)
(2) (2) Provision for bad debts made, recovered or reversed for the
current period:
Provision for bad debts for the current period is RMB899,606.80;
899,606.80 the recovery or reversal of the provision for bad debts is RMB0.
0
(3) (3) Top five largest accounts receivable at the end of the period by
the balance collected regarding the party in default:
The total amount from the top five largest accounts receivable at
the end of the period by the balance collected regarding the party
127,807,491.72 in default is RMB127,807,491.72, representing 66.02% of the total
balance of the accounts receivable at the end of the period. The
66.02% total balance of the corresponding provision for bad debts at the
4,757,122.32 end of the period is RMB4,757,122.32.
4. 4. Prepayments
(1) (1) Aging analysis of prepayments
Unit: Yuan Currency: RMB
Closing balance Opening balance
Aging Amount Ratio Amount Ratio
(%) (%)
1 Within 1 year 3,339,004.70 98.38 1,583,447.58 96.64
1 2 1 to 2 years 5,564.00 0.16 30,737.65 1.88
2 3 2 to 3 years 25,537.65 0.75 3,100.00 0.19
3 Above 3 years 24,167.24 0.71 21,067.24 1.29
Total 3,394,273.59 100.00 1,638,352.47 100.00
– I-141 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
4. 4. Prepayments (Continued)
(2) (2) Top five largest prepayments at the end of the period by the total
balance collected regarding the party paying prepayments:
The total amount from the top five largest prepayments at the end
of the period by the balance collected regarding the party paying
3,058,346.58 prepayments is RMB3,058,346.58, representing 90.10% of the
90.10% total balance of the prepayments at the end of the period.
5. 5. Other receivables
(1) (1) Disclosed categories of other receivables
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying amount Provision for bad debts Carrying amount Provision for bad debts
Provision Provision
Category Amount Ratio Amount ratio Book value Amount Ratio Amount ratio Book value
(%) (%) (%) (%)
Other receivables with significant 10,808,704.00 13.39 10,808,704.00 100.00 10,808,704.00 6.86 10,808,704.00 100.00
single amount and individual
provision for bad debts
Other receivables with provision 69,900,396.45 86.61 39,734,757.02 56.84 30,165,639.43 146,664,511.77 93.14 39,082,793.86 26.65 107,581,717.91
for bad debts pursuant to
the group with credit risk
characteristics
Other receivables with
insignificant single amount and
individual provision for bad
debts
Total 80,709,100.45 / 50,543,461.02 / 30,165,639.43 157,473,215.77 / 49,891,497.86 / 107,581,717.91
– I-142 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
5. 5. Other receivables (Continued)
(1) (1) Disclosed categories of other receivables (Continued)
Other receivables with significant single amount and individual
provision for bad debts at the end of the period:
Unit: Yuan Currency: RMB
Closing balance
Other Provision for Provision
Other receivables (by unit) receivables bad debts Ratio Reason for making provision
(%)
Xili Sub-Branch, Zhengzhou of 10,808,704.00 10,808,704.00 100
China Construction Bank Full provision for bad debts
due to failure of recovery
Total 10,808,704.00 10,808,704.00
For the groups, other receivables with provision for bad debts by using
ageing analysis method:
Unit: Yuan Currency: RMB
Closing balance
Provision for
Aging Other receivables bad debts Provision Ratio
(%)
1 Within 1 year
1 Including: Sub-items within 1 year
1 Sub-total within 1 year 690,253.34
1 2 1 to 2 years 72,468.82 21,740.65 30.00
2 3 2 to 3 years 968,432.51 484,216.26 50.00
3 Above 3 years
3 4 3 to 4 years 879,072.00 879,072.00 100.00
4 5 4 to 5 years 250,813.89 250,813.89 100.00
5 Above 5 years 38,098,914.22 38,098,914.22 100.00
Total 40,959,954.78 39,734,757.02 97.01
– I-143 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
5. 5. Other receivables (Continued)
(1) (1) Disclosed categories of other receivables (Continued)
In the group, other receivables with no provision for bad debts
Unit: Yuan Currency: RMB
Amount at
Amount at the end the beginning
Item of the period of the period
Group with no provision for bad debts
(related party, spare fund, security
deposit, etc.) 28,940,441.67 105,822,737.09
Total 28,940,441.67 105,822,737.09
(2) (2) Provision for bad debts made, recovered or reversed for the
current period:
Provision for bad debts for the current period is RMB651,963.16;
651,963.16 Provision for bad debts recovered or reversed for the current
0 period is RMB0.
(3) (3) Category of other receivables by nature of amount
Unit: Yuan Currency: RMB
Carrying amount
Carrying amount at at the beginning
Nature of amount the end of the period of the period
Performance committed compensation for
assets acquisition 23,783,372.88
Security deposit, deposit, reserve 26,767,827.90 79,974,572.99
Current accounts 53,941,272.55 53,715,269.90
Total 80,709,100.45 157,473,215.77
– I-144 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
5. 5. Other receivables (Continued)
(4) (4) The top five largest other receivables at the end of the period by
the balance collected regarding the party in default:
Unit: Yuan Currency: RMB
Ratio representing
with respect to
the total balance
of other Balance of
receivables at provision for bad
Closing the end of debts at the end
Name Nature of amount balance Aging the period of the period
(%)
13,636,363.00 2–3 16.90
International Far Eastern Leasing Security deposit 2 to 3 years
Co., Ltd.
10,808,704.00 5 13.39 10,808,704.00
Xili Sub-Branch, Zhengzhou of China Current accounts More than 5
Construction Bank years
10,000,000.00 1 12.39
Taiping & Sinopec Financial Leasing Security deposit Within 1 year
Co., Ltd.*
9,856,832.00 5 12.21 9,856,832.00
Zhuge County Government Current accounts More than 5
years
4,600,000.00 5 5.70 4,600,000.00
Shenzhen Cynthia Industrial Current accounts More than 5
Company Limited years
Total 48,901,899.00 60.59 25,265,536.00
– I-145 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
6. 6. Inventories
(1) (1) Category of inventories
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying Provision for Carrying Provision for
Item amount depreciation Book value amount depreciation Book value
Raw materials 46,621,469.24 1,325,240.88 45,296,228.36 45,997,542.78 1,375,019.80 44,622,522.98
Products in process 3,350,387.32 269,863.36 3,080,523.96 2,700,674.45 2,700,674.45
Commodity inventories 98,663,452.65 22,504,244.19 76,159,208.46 117,910,829.68 32,772,117.38 85,138,712.30
Circulation materials 516,590.53 516,590.53 516,590.53 516,590.53
Total 149,151,899.74 24,099,348.43 125,052,551.31 167,125,637.44 34,147,137.18 132,978,500.26
(2) (2) Provision for decreased price of inventories
Unit: Yuan Currency: RMB
Increase for the current period Decrease for the current period
Reversal or
Item Opening balance Provision Others write-off Others Closing balance
Raw materials 1,375,019.80 225,895.73 275,674.65 1,325,240.88
Products in process 269,863.36 269,863.36
Commodity inventories 32,772,117.38 10,267,873.19 22,504,244.19
Total 34,147,137.18 495,759.09 10,543,547.84 24,099,348.43
– I-146 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
7. 7. Other current assets
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Tax to be deducted 24,084,688.81 33,708,996.77
Payment of Enterprise Income Tax in advance 1,165,037.58 1,165,037.58
Total 25,249,726.39 34,874,034.35
8. Available-for-sale financial assets
8.
(1) (1) Available-for-sale financial assets
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying Provision for Carrying Provision for
Item amount impairment Book value amount impairment Book value
Available-for-sale debt
instruments:
Available-for-sale equity 7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
instruments:
Measured at fair value
Measured at cost 7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
Total 7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
– I-147 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
8. 8. Available-for-sale financial assets (Continued)
(2) (2) Available-for-sale financial assets measured per cost at the end
of the period
Unit: Yuan Currency: RMB
Carrying amount Provision for impairment
Cash
At the Increase for Decrease for At the Increase for Decrease for Shareholding dividend for
beginning of the current the current At the end of beginning of the current the current At the end of ratio in the the current
Investee the period period period the period the period period period the period investee period
(%)
1. 1.Luoyang Luobo Glass 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 35.90
Fibre Co., Ltd. (Note)
2. 2.CLFG Luoyang Jingjiu 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 31.08
Glass Products
Company Limited
(Note)
3. 3.CLFG New Lighting 2,291,217.53 2,291,217.53 2,291,217.53 2,291,217.53 29.45
Company Limited
(Note)
Total 7,791,217.53 7,791,217.53 7,791,217.53 7,791,217.53
Note: The Company is of the view that, despite the Company’s
shareholding in the investees exceeds 20%, since the Company
20% did not assign any management personnel to the investees,
or participate in any formulation of the investees’ financial and
operating policies, engage in any significant transactions with
the investees, or provide any key technological information
to the investees, Thus, the Company is of the view that it
has no significant impact on the investees and classified as
available-for-sale financial assets.
– I-148 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
8. 8. Available-for-sale financial assets (Continued)
(3) (3) Change in the impairment of available-for-sale financial assets
during the Reporting Period
Unit: Yuan Currency: RMB
Category of available-for-sale Available-for-sale Available-for-sale
financial assets equity instruments debt instruments Total
Balance of provision for 7,791,217.53 7,791,217.53
impairment at the beginning of
the period
Provision for the Period
Including: Shift from other
comprehensive income
Decrease for the period
Including: Reverse from recovery
of fair value after the period
Balance of provision for 7,791,217.53 7,791,217.53
impairment at the end of the
period
9. 9. Long-term receivables
(1) (1) Long-term receivables:
Unit: Yuan Currency: RMB
Closing balance Opening balance
Range of
Carrying Provision for Carrying Provision for discount
Item amount bad debts Book value amount bad debts Book value rate
Receivables from disposal of
equity interest in the
Industrial Company 55,000,000.00 55,000,000.00 55,000,000.00 55,000,000.00
Total 55,000,000.00 55,000,000.00 55,000,000.00 55,000,000.00
– I-149 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
10. 10. Fixed assets
(1) (1) Fixed assets
Unit: Yuan Currency: RMB
Transportation
Item Buildings Machinery equipment Others Total
. I. Original book value:
1. 1. Opening balance 266,547,539.08 780,172,744.85 4,121,659.45 1,582,484.33 1,052,424,427.71
2. 2. Increase for the current period 68,382.89 66,337.60 29,711.58 164,432.07
(1) (1) Purchase 68,382.89 66,337.60 29,711.58 164,432.07
(2) (2) Shift from construction in
progress
(3) (3) Increase from business
combination
3. 3. Decrease for the current period 49,900,930.32 62,865.00 49,963,795.32
(1) (1) Disposal or retirement 62,865.00 62,865.00
(2) (2) Transferred to construction in 49,900,930.32 49,900,930.32
progress
4. 4. Closing balance 266,547,539.08 730,340,197.42 4,125,132.05 1,612,195.91 1,002,625,064.46
. II. Accumulated depreciation
1. 1. Opening balance 59,109,420.39 332,895,698.22 3,148,900.50 751,529.11 395,905,548.22
2. 2. Increase for the current period 5,625,525.03 17,346,819.18 81,698.34 131,013.87 23,185,056.42
(1) (1) Provision 5,625,525.03 17,346,819.18 81,698.34 131,013.87 23,185,056.42
3. 3. Decrease for the current period 40,022,382.20 25,302.67 40,047,684.87
(1) (1) Disposal or retirement 25,302.67 25,302.67
(2) (2) Transferred to construction in 40,022,382.20 40,022,382.20
progress
4. 4. Closing balance 64,734,945.42 310,220,135.20 3,205,296.17 882,542.98 379,042,919.77
. III. Provision for impairment
1. 1. Opening balance 7,546,566.43 7,546,566.43
2. 2. Increase for the current period
(1) (1) Provision
3. 3. Decrease for the current period
(1) (1) Disposal or retirement
4. 4. Closing balance 7,546,566.43 7,546,566.43
. IV. Book value
1. 1. Book value at the end of the period 201,812,593.66 412,573,495.79 919,835.88 729,652.93 616,035,578.26
2. 2. Book value at the beginning of the 207,438,118.69 439,730,480.20 972,758.95 830,955.22 648,972,313.06
period
– I-150 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
11. 11. Construction in progress
(1) (1) Construction in progress
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying Provision for Carrying Provision for
Item amount impairment Book value amount impairment Book value
Upgrading of cold 12,402,424.04 12,402,424.04
repair technology
for production line of
ultra-thin substrate for
information display
400 400 tons of ultra-white 1,683,486.57 1,683,486.57
photothermal materials
project
Total 14,085,910.61 14,085,910.61
– I-151 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
12. 12. Intangible Assets
(1) (1) Intangible Assets
Unit: Yuan Currency: RMB
Non-patent Trademark
Item Land use rights patent right technology rights Software Total
. I. Original book value
1. 1. Opening balance 71,342,574.11 6,000,000.00 435,897.46 77,778,471.57
2. 2. Increase for the current period 58,275,196.60 58,275,196.60
(1) (1) Purchase 58,275,196.60 58,275,196.60
(2) (2) Internal research and
development
(3) (3) Increase from business
combination
3. 3. Decrease for the current period 2,011,785.37 2,011,785.37
(1) (1) Disposal 2,011,785.37 2,011,785.37
4. 4. Closing balance 127,605,985.34 6,000,000.00 435,897.46 134,041,882.80
. II. Accumulated amortization
1. 1. Opening balance 8,999,783.52 6,000,000.00 169,515.65 15,169,299.17
2. 2. Increase for the current period 1,181,328.92 72,649.56 1,253,978.48
(1) (1) Provision 1,181,328.92 72,649.56 1,253,978.48
3. 3. Decrease for the current period 125,693.33 125,693.33
(1) (1) Disposal 125,693.33 125,693.33
4. 4. Closing balance 10,055,419.11 6,000,000.00 242,165.21 16,297,584.32
. III. Provision for impairment
1. 1. Opening balance
2. 2. Increase for the current period
(1) (1) Provision
3. 3. Decrease for the current period
(1) (1) Disposal
4. 4. Closing balance
. IV. Book value
1. 1. Book value at the end of 117,550,566.23 193,732.25 117,744,298.48
the period
2. 2. Book value at the beginning 62,342,790.59 266,381.81 62,609,172.40
of the period
Note: Land use rights among the Group’s intangible assets were
all for lands located in the PRC with a remaining use period
28 50 ranging from 28 to 50 years.
– I-152 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
12. 12. Intangible Assets (Continued)
(2) (2) Land use rights for incompletely processed ownership certificate:
Unit: Yuan Currency: RMB
Reason for incompletely
Item Book value processed ownership certificate
Land of Development Zone 9,415,764.88
Still in the process of
application
13. 13. Long-term deferred expenses
Unit: Yuan Currency: RMB
Increase for Amortized Other
Opening the current amount for the decreased Closing
Item balance period current period amount balance
Amortization of reconstruction of the 270,000.00 54,000.00 216,000.00
electrical circuit of the office
Far East Leasing Service Fees 2,078,624.23 710,235.84 1,368,388.39
Consultation service charge 1,166,666.67 2,500,000.00 324,999.99 3,341,666.68
Total 3,515,290.90 2,500,000.00 1,089,235.83 4,926,055.07
– I-153 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
14. 14. Deferred income tax assets/deferred income tax liabilities
(1) (1) Deferred income tax assets not being offset
Unit: Yuan Currency: RMB
Closing Balance Opening Balance
Deductible Deferred Deductible Deferred
temporary income tax temporary income tax
Item differences assets differences assets
Provision for impairment of assets 12,966,060.29 1,982,819.21 16,451,510.01 2,467,726.50
Unrealized profits in internal
transactions
Deductible losses
Deferred income 4,562,500.00 684,375.00 12,489,972.00 1,873,495.80
Total 17,528,560.29 2,667,194.21 28,941,482.01 4,341,222.30
(2) (2) Breakdown of unrecognized deferred income tax assets
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Deductible temporary differences 132,489,422.80 137,500,191.85
Deductible losses 562,585,312.07 544,435,331.97
Total 695,074,734.87 681,935,523.82
Note: Because it is uncertain whether sufficient taxable incomes
can be obtained in the future, they are not recognized as
deferred income tax assets.
– I-154 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
14. 14. Deferred income tax assets/deferred income tax liabilities (Continued)
(3) (3) Deductible losses not yet recognized as deferred tax assets will
expire in the following years indicated
Unit: Yuan Currency: RMB
Amount at the
Amount at the end beginning of
Year of the period the period Note
2017 2017 10,589,070.12
2018 2018 36,614,485.92 36,614,485.92
2019 2019 21,894,490.75 21,894,490.75
2020 2020 372,641,647.21 372,641,647.21
2021 2021 102,695,637.97 102,695,637.97
2022 2022 28,739,050.22
Total 562,585,312.07 544,435,331.97
15. 15. Other non-current assets
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
EPC EPC engineering management software 364,102.58
Total 364,102.58
– I-155 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
16. 16. Short-term loans
(1) (1) Category of short-term loans
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Pledged loan
Mortgage loan 5,000,000.00 20,000,000.00
Guaranty loan 321,496,500.00
Credit loan
Total 326,496,500.00 20,000,000.00
2017 6 30 Note: On 30 June 2017, annual interest rate of short-term loans was
4.35%– 4.35%-4.785%.
4.785%
17. 17. Bills payable
Unit: Yuan Currency: RMB
Category Closing balance Opening balance
Commercial acceptances
Bank acceptances 50,000,000.00 90,000,000.00
Total 50,000,000.00 90,000,000.00
The total amount of bills payable that became due at the end of the
0 period but had not been paid was RMB0.
– I-156 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
18. 18. Accounts payable
(1) (1) Accounts payable are shown as follows
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
1 1 Within 1 year (including 1 year) 15,503,229.21 17,853,268.60
1 Above 1 year 17,443,282.57 28,520,633.60
Total 32,946,511.78 46,373,902.20
19. 19. Receipts in advance
(1) (1) Receipts in advance are shown as follows
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
1 1 Within 1 year (including 1 year) 7,474,969.65 5,354,722.46
1 Above 1 year 3,796,217.09 9,036,932.04
Total 11,271,186.74 14,391,654.50
– I-157 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
20. 20. Staff remuneration payables
(1) (1) Staff remuneration payables are shown as follows:
Unit: Yuan Currency: RMB
Decrease for
Opening Increase for the the current Closing
Item Balance current period period Balance
. I. Short-term remuneration 22,042,997.95 26,883,350.54 30,571,472.60 18,354,875.89
. II. After-service welfare – provision
plan set 3,700,972.00 4,365,963.46 8,004,053.86 62,881.60
. III. Termination benefits
. IV. Other benefits due within one year
Total 25,743,969.95 31,249,314.00 38,575,526.46 18,417,757.49
(2) (2) Short-term remuneration is shown as follows:
Unit: Yuan Currency: RMB
Increase for the Decrease for the
Item Opening Balance current period current period Closing Balance
. I. Salary, bonus, allowance and subsidy 6,409,534.80 21,512,713.58 25,286,897.09 2,635,351.29
. II. Staff’s welfare 1,164,522.00 1,164,522.00
. III. Social insurance premium 897,818.59 1,834,114.08 2,731,932.67
Including: Medical insurance 764,375.80 1,508,236.49 2,272,612.29
Labor injury insurance 79,406.21 211,306.96 290,713.17
Birth insurance 54,036.58 114,570.63 168,607.21
. IV. Housing accumulation fund 6,971,509.03 2,164,110.35 1,138,344.65 7,997,274.73
. V. Labor union expenses and employee 7,764,135.53 207,890.53 249,776.19 7,722,249.87
education expenses
. VI. Short-period paid leave
. VII. Short-term profit sharing plan
Total 22,042,997.95 26,883,350.54 30,571,472.60 18,354,875.89
– I-158 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
20. 20. Staff remuneration payables (Continued)
(3) (3) Provision Plan set is shown as follows
Unit: Yuan Currency: RMB
Decrease for
Opening Increase for the the current Closing
Item Balance current period period Balance
1. 1. Basic endowment insurance 3,517,879.98 4,240,691.48 7,695,689.86 62,881.60
2. 2. Unemployment insurance 183,092.02 125,271.98 308,364.00
3. 3. Enterprise annuity
Total 3,700,972.00 4,365,963.46 8,004,053.86 62,881.60
21. 21. Tax payable
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Value-added tax 844,356.63 2,959,777.00
Consumption tax
Business tax 75,649.29 75,649.29
Enterprise income tax 2,526,843.91 9,106,452.20
Individual income tax 153,306.11 154,688.43
Urban maintenance and construction tax 146,299.53 294,378.96
Property tax 1,238,632.96 1,238,632.92
Land-use tax 1,637,181.63 1,278,844.52
Education surcharges 101,742.22 207,513.24
Other tax
Other tax 20,870.09
20,870.09 65,130.89
65,130.89
Total 6,744,882.37 15,381,067.45
– I-159 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
22. 22. Interest payable
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Interest on long-term loan with periodic 1,717,967.40 684,626.58
payments of interest and return of principal at
maturity
Interest on corporate bonds
Interests payable for short-term borrowings 29,241.67
Interest on preference shares/perpetual bonds
classified as financial liabilities
Total 1,717,967.40 713,868.25
23. 23. Other payables
(1) (1) Other payables by nature of amounts are shown as follows
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Announcement and intermediary fee 5,133,600.06 5,617,787.84
Current accounts 47,915,899.32 36,961,134.20
Total 53,049,499.38 42,578,922.04
24. 24. Non-current liabilities due within one year
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
1 Long-term loans due within one year 111,407,706.89 471,337,062.91
1 Bonds payable due within one year
1 Long-term payable due within one year
Total 111,407,706.89 471,337,062.91
– I-160 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
25. 25. Long-term loans
(1) (1) Category of Long-term loans
Unit: Yuan Currency: RMB
Item Closing balance Opening balance
Pledged loan
Mortgage loan 120,896,021.00 86,889,567.92
Guaranty loan 826,297.19 946,806.31
Credit loan
Total 121,722,318.19 87,836,374.23
1. 2010 Note: 1. In 2010, the Company concluded the debt restructuring
agreements of interest free and delayed repayment of
principal, respectively, with certain financial institutions, i.e.
Bank of Communication – Luoyang Branch, Bank of China
– Luoyang Xigong Sub-branch, China Construction Bank –
Luoyang Branch, Bank of Luoyang – Kaidong Sub-branch
2010 2 and Industrial & Commercial Bank of China – Luoyang
1 2017 1 31 Branch, under which interests are exempted from the period
of 1 February 2010 to 31 January 2017 and repayment
of principal can be delayed after the first two years. The
2017 6 30 principals will be paid in the following five years according
to the agreed proportion. As of 30 June 2017, the balance of
8,768,000.00 the interest-free long-term loans of Industrial & Commercial
2017 10 30 Bank of China – Luoyang Branch was RMB8,768,000.00,
which will expire on 30 October 2017 and have been
reclassified into long-term loans due within one year. Upon
the termination of the policies concerning interest-free and
repayment of principal by Bank of Communication – Luoyang
Branch, Bank of China – Luoyang Xigong Sub-branch, China
Construction Bank – Luoyang Branch, Bank of Luoyang –
Kaidong Sub-branch and Industrial & Commercial Bank
2018 1 6 of China – Luoyang Branch, the Company will conclude
2017 6 30 short-term loans contracts with each of such banks with a
321,496,500.00 term from January to June 2018. As of 30 June 2017, the
balance of loans was RMB321,496,500.00.
– I-161 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
25. 25. Long-term loans (Continued)
(1) (1) Category of Long-term loans (Continued)
Note: (Continued)
2. (1) 2015 2. With respect to the mortgaged loan: (1) in June 2015,
6 Longhai Company used part of its production equipment
(with the original book value of RMB54,437,104.51) to
54,437,104.51 process the after-sale lease-back financing lease business
with International Far Eastern Leasing Co., Ltd. for a
financing amount of RMB50,000,000 for a lease term of 36
months. CLFG and Triumph Technology Group Company
provided guarantee for joint and several liability with respect
5000
to the foregoing financing leasing matter. Longhai Company
36 believed that pursuant to the substance-over-form principle,
for such transaction in reality, the Lessor (International Far
Eastern Leasing Co., Ltd.) provided loan to the Lessee
(Longhai Company) by taking the leased article as the
mortgaged article. Under such transaction, the nominal
selling price of the underlying asset (the leased article) of
RMB50,000,000 was handled as long-term loan by Longhai
Company and the underlying asset (the leased article) was
booked in at its original book value with provision made.
As of 30 June 2017, the balance of such long-term loan
was RMB17,526,930.36, all of which is long-term loan due
within one year. (2) in June 2015, Longhai Company used
part of its production equipment (with the original book
value of RMB88,788,355.07) as collateral to obtain a 3-year
5000 loan of RMB63,636,363.00 in total, at annual interest rate
of 6.44% issued by Bank of Shanghai, Pudong Branch, as
entrusted by International Far Eastern Leasing Co., Ltd..
As of 30 June 2017, the balance of such long-term loan
2017 was RMB22,296,739.23, all of which is long-term loan.
6 30 (3) In December 2016, Bengbu Company conducted its
sale and leaseback financial leasing business with part
17,526,930.36
of its production equipment (with original book value of
RMB120,372,692.36) with Taiping & Sinopec Financial
(2) 2015 6 L e a s i n g C o., L t d.* ( ) for
financing of RMB100,000,000.00 with a term of 3 years.
Triumph Technology Group Company provided joint-liability
88,788,355.07 guarantee for the foregoing financing leasing matter.
63,636,363.00
3
6.44% 2017
6 30
22,296,739.23
(3) 2016 12
120,372,692.36
10,000 3
– I-162 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
25. 25. Long-term loans (Continued)
(1) (1) Category of Long-term loans (Continued)
Note: (Continued)
2. 2. (Continued)
Bengbu Company believed that, based on the principle
of “substance over form”, the transaction actually was
the Lessor (Taiping & Sinopec Financial Leasing Co.,
Ltd.* ( )) provided loans to
the Lessee (Bengbu Company) with the leased property
as the collateral. Under such transaction, the nominal
selling price of the underlying asset (the leased property)
of RMB100,000,000.00 was accounted as long-term
loan by Bengbu Company and the underlying asset (the
leased property) was accounted at its original book value
with provision for depreciation. As of 30 June 2017, the
10,000 balance of such long-term loan was RMB83,333,334.00, of
which, the long-term loan due within one year amounted
to RMB33,333,332.00. (4) In April 2017, Bengbu Company
entered into the finance lease agreement (leaseback)
in respect of certain equipment of the production line
2017
of ultra-thin glass and ancillary equipment (with original
6 30 book value of RMB129,477,714.97) with Suyin Financial
83,333,334.00 Leasing Co., Ltd.* ( ) for financing
of RMB100,000,000.00 with a term of 5 years. Triumph
Technology Group Company provided joint-liability
33,333,332.00 (4) guarantee for the foregoing financing leasing matter. Bengbu
2017 4 Company believed that, based on the principle of “substance
over form”, the transaction actually was the Lessor (Suyin
Financial Leasing Co., Ltd.* ( ))
provided loans to the Lessee (Bengbu Company) with the
leased property as the collateral. Under such transaction,
129,477,714.97
the nominal selling price of the underlying asset (the leased
property) of RMB100,000,000.00 was accounted as long-
term loan by Bengbu Company and the underlying asset (the
leased property) was accounted at its original book value
10,000 with provision for depreciation. As of 30 June 2017, the
5 balance of such long-term loan was RMB100,000,000.00, of
which, the long-term loan due within one year amounted to
RMB29,103,981.00.
10,000
2017 6 30
100,000,000.00
29,103,981.00
– I-163 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
26. 26. Deferred income
Deferred income
Unit: Yuan Currency: RMB
Increase for Decrease for
Opening the current the current Closing
Item Balance period period Balance Reason
formation
Government grants 19,290,781.82 950,000.00 11,375,138.28 8,865,643.54
Total 19,290,781.82 950,000.00 11,375,138.28 8,865,643.54
Projects involving government subsidy:
Unit: Yuan Currency: RMB
Amount recorded
New additional in non-operating
subsidy for the profits for the Related to assets/
Projects with liabilities Opening Balance current period current period Other changes Closing Balance related to income
Fiscal subsidy for ultra-thin and ultra-white glass 2,632,500.00 607,500.00 2,025,000.00
production line Related to assets
Land-use subsidy for ultra-thin and ultra-white 2,305,103.82 26,960.28 2,278,143.54
glass production line project Related to assets
0.45mm 0.45mm E-glass technology research and 1,863,206.01 1,863,206.01
application Related to income
Special fund for ultra-thin production line 600,000.00 37,500.00 562,500.00
Related to assets
Subsidy for stabilizing employment from the 70,018.76 70,018.76
Social Security Bureau Related to income
2016 Special fund for innovative provincial 1,050,000.00 950,000.00 2,000,000.00
construction of Anhui province of 2016 Related to income
2016 Special municipal supporting funds for major 2,000,000.00 2,000,000.00
provincial technology projects of 2016 Related to income
Technology projects construction funds 8,769,953.23 8,769,953.23
Related to income
Total 19,290,781.82 950,000.00 11,375,138.28 8,865,643.54
– I-164 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
27. 27. Share capital
Unit: Yuan Currency: RMB
+ -
Changes in this period (+, -)
Capital
reserve
transferred to
Opening Balance New shares Bonus shares shares Others Sub-total Closing Balance
Total number of shares 526,766,875.00 526,766,875.00
28. 28. Capital reserve
Unit: Yuan Currency: RMB
Increase for the Decrease for the
Item Opening Balance current period current period Closing Balance
Capital premium (share capital premium) 1,400,804,566.23 1,400,804,566.23
Other capital reserves 72,300,473.27 72,300,473.27
Total 1,473,105,039.50 1,473,105,039.50
29. 29. Surplus reserve
Unit: Yuan Currency: RMB
Increase for the Decrease for the
Item Opening Balance current period current period Closing Balance
Statutory surplus reserve 51,365,509.04 51,365,509.04
Discretionary surplus reserve
Reserve fund
Enterprise development fund
Others
Total 51,365,509.04 51,365,509.04
– I-165 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
30. 30. Undistributed profit
Unit: Yuan Currency: RMB
Item Current period Previous period
Undistributed profit at the end of the previous -1,527,968,006.58 -1,539,484,070.36
period before adjustment
Total effects of adjustments of undistributed
+ - profits at the beginning of the period
(increase expressed with +, and decrease
expressed with -)
Undistributed profit at the beginning of the -1,527,968,006.58 -1,539,484,070.36
period after adjustment
Add: net profit attributable to owners of the 1,177,959.02 -25,745,594.23
Company for the period
Less: Appropriation to statutory surplus
reserve
Appropriation to discretionary surplus
reserve
Appropriation to general risk provisions
Dividend payable in respect of ordinary
shares
Dividend on ordinary shares as
converted into share capital
Undistributed profit at the end of the period -1,526,790,047.56 -1,565,229,664.59
31. 31. Operating income and operating cost
Unit: Yuan Currency: RMB
Amount for current period Amount for previous period
Item Income Cost Income Cost
Principal operations 152,856,356.90 111,125,433.36 135,466,204.64 127,477,857.21
Other operations 2,112,920.14 1,464,581.96 1,773,509.99 1,009,663.49
Total 154,969,277.04 112,590,015.32 137,239,714.63 128,487,520.70
– I-166 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
32. 32. Tax and surcharges
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Consumption tax
Business tax 5,741.68
City maintenance tax 222,690.73 108,800.50
Education surcharges 159,064.81 77,599.81
Resource tax
Property tax 1,037,097.14
Land-use tax 1,641,860.37
Vehicle-use tax
Stamp duty 200,128.78
Others 41,111.31
Total 3,301,953.14 192,141.99
33. 33. Selling expenses
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Staff’s remuneration 2,379,334.16 2,485,495.04
Depreciation expenses 87,597.70 118,033.97
Transportation costs 46,118.69 81,230.34
Loading and unloading charges 276,093.80 228,723.14
Material consumption 110,190.65 119,336.11
Other selling expenses 361,821.57 508,337.55
Total 3,261,156.57 3,541,156.15
– I-167 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
34. 34. Administrative expenses
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Staff’s remuneration 10,287,367.74 12,035,425.21
Depreciation of fixed assets 2,163,272.51 992,385.23
Amortization of intangible assets 1,253,978.48 878,642.62
Intermediary engagement fees 3,127,928.60 2,973,674.53
Research and development fees 14,594,681.15 2,264,527.32
Taxes 3,022,044.94
Other expenses
Total
5,685,544.94 5,301,730.78
Total 37,112,773.42 27,468,430.63
35. 35. Financial expenses
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Interest expense 11,717,495.38 4,426,071.99
Less: Interest income -422,177.91 -2,061,988.44
Exchange loss 74,982.72 70,867.83
Less: Exchange gain -0.27 -162.23
Handling charges (interests of discounted bill) 1,164,199.93
Other expenses 1,129,432.54 782,534.07
Total 13,663,932.39 3,217,323.22
– I-168 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
36. 36. Impairment losses of assets
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
. I. Bad debt losses 1,551,569.96 153,921.09
. II. Impairment losses of inventories -698,146.41 950,398.98
Total 853,423.55 1,104,320.07
37. 37. Non-operating income
Non-operating income
Unit: Yuan Currency: RMB
Amount recognized
as extraordinary
Amount for Amount for gain or loss of the
Item current period previous period current period
Total gain on disposal of non-current 83,418.35 95.03 83,418.35
assets
Including: Gain on disposal of fixed 22,266.73 95.03 22,266.73
assets
Gains on disposal of 61,151.62 61,151.62
intangible assets
Gains from debt restructuring 1,715,899.47 2,046.24 1,715,899.47
Gains from non-monetary assets
exchange
Donations received
Government subsidies 4,294,086.69
Other gains 110,316.00 32,651.65 110,316.00
Total 1,909,633.82 4,328,879.61 1,909,633.82
– I-169 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
37. 37. Non-operating income (Continued)
Government subsidy recognized as gain or loss of the current period
Unit: Yuan Currency: RMB
Amount for Amount for Related to assets/
Subsidy item current period previous period earnings
Fiscal subsidy for ultra-thin and ultra- 607,500.00
white glass production line Related to assets
Land-use subsidy for ultra-thin and 26,960.28
ultra-white glass production line Related to assets
project
Special financial subsidy for “research 140,065.80
and development of application Related to earnings
technology”
Subsidy for supporting enterprises 3,421,560.61
and stabilizing employment issued Related to earnings
by Social Security Funds Collecting
Center of Bengbu
Construction funds for scientific and
technological projects Related to earnings
Economic compensation for
personnel buyout Related to earnings
Other incentives and subsidies 98,000.00
Related to earnings
Total 4,294,086.69
– I-170 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
38. 38. Non-operating expense
Unit: Yuan Currency: RMB
Amount recognized
as extraordinary
Amount for Amount for profit and loss of
Item current period previous period the current period
Total Loss from disposal of non-
current assets
Including Loss from disposal of
fixed assets
Loss from disposal of
intangible assets
Loss from debt restructuring
Loss from exchange of non-monetary
assets
External donation
Indemnities, liquidated damages and 226,243.61 226,243.61
penalties
Other expenditures 10,135.00 140,580.22 10,135.00
Total 236,378.61 140,580.22 236,378.61
39. 39. Income tax expenses
(1) (1) The table for income tax expenses
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Income tax expenses for the current 2,756,429.03 1,727,874.09
period
Deferred income tax expenses 1,674,028.09 1,434,841.40
Total 4,430,457.12 3,162,715.49
– I-171 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
39. 39. Income tax expenses (Continued)
(2) (2) Reconciliation between accounting profit and income tax
expenses
Unit: Yuan Currency: RMB
Amount for
Item current period
Total profits 5,608,416.14
Income tax expenses calculated in accordance with legal/ 1,402,104.04
applicable tax rates
Effect of different tax rates applicable to subsidiaries -2,938,559.32
Effect of adjustment of income tax in previous periods
Effect of non-taxable income
Effect of cost, expense and loss non-deductible 373,963.70
Effect of deductible losses that have not recognized for
deferred income tax asset during the prior period
Effect of deductible temporary differences or deductible 5,868,886.68
losses that have not recognized for deferred income tax
asset during the period
Super deduction of research and development expenses -303,083.87
Adjustment effect for income tax in previous periods 27,145.89
Income tax expenses 4,430,457.12
40. 40. Items of cash flow statement
(1) (1) Cash received related to other operating activities:
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Government subsidies 9,270,000.00
Other current accounts 3,039,769.38 5,590,870.37
Total 12,309,769.38 5,590,870.37
– I-172 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
40. 40. Items of cash flow statement (Continued)
(2) (2) Other cash paid related to operating activities:
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Intermediary engagement fees 961,182.97 7,911,415.88
Travel expense 585,367.24 571,304.35
Other current accounts and expenses 5,798,481.87 7,212,727.99
Total 7,345,032.08 15,695,448.22
(3) (3) Other cash received for activities related to investment
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Compensation for performance 23,798,268.89
commitment
Total 23,798,268.89
(4) (4) Other cash paid for activities related to investment
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Payment for acquisition of equity interest 90,729,715.31
Total 90,729,715.31
– I-173 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
40. 40. Items of cash flow statement (Continued)
(5) (5) Other cash received for activities related to financing
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Bill discount 38,865,850.00
Triumph Technology Group Company 49,000,000.00
CNBM (Bengbu) Photoelectricity Materials 15,000,000.00
Co., Ltd.
CLFG 217,391,582.90 11,055,772.70
Bill deposit 15,000,000.00
Other accounts 6,000,000.00
Total 271,257,432.90 81,055,772.70
(6) (6) Other cash paid for activities related to financing
Unit: Yuan Currency: RMB
Amount for Amount for
Item current period previous period
Repayment of matured bill 90,000,000.00 45,000,000.00
Triumph Technology Group Company 9,000,000.00 31,200,000.00
CLFG 197,660,000.00 10,600,000.00
Other accounts 4,500,000.00 55,497.44
Total 301,160,000.00 86,855,497.44
– I-174 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
41. 41. Supplementary information of cash flow statement
(1) (1) Supplementary information of cash flow statement
Unit: Yuan Currency: RMB
Amount for the Amount for the
Supplementary information current period previous period
1. 1. Net profit adjusted to cash flow of operating
activities:
Net profit 1,177,959.02 -25,745,594.23
Add: Provision for assets impairment 853,423.55 1,104,320.07
Depreciation of fixed assets, depletion 23,185,056.42 29,143,819.04
of oil and gas assets, depreciation of
productive biological assets
Amortization of intangible assets 1,253,978.48 970,476.94
Amortization of long-term deferred 1,089,235.83 967,550.40
expenses
Losses from disposal of fixed assets, -83,418.35 -95.03
- intangible assets and other long-term
assets (“-” for gains)
- Losses from scrapping of fixed assets 11,544.99
(“-” for gains)
- Losses from changes in fair value
(“-” for gains)
- Finance expenses (“-” for gains) 12,498,076.75 3,651,180.97
- Investment losses (“-” for gains)
- Decrease in deferred income tax assets 1,674,028.09 1,434,841.40
(“-” for increase)
- Increase in deferred income tax liabilities
(“-” for decrease)
- Decrease in inventories (“-” for increase) 17,866,448.59 -46,523,419.33
Decrease in operating receivables -32,400,058.37 -37,368,886.46
- (“-” for increase)
Increase in operating payables (“-” for -49,335,110.58 -3,482,107.68
- decrease)
Others
Net cash flow from operating activities -22,220,380.57 -75,836,368.92
2. 2. Significant investing and financing activities
that do not involve cash receipts and
payment:
Conversion of debts into capital
Convertible corporate bonds due
within one year
Fixed assets acquired under finance leases
– I-175 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
41. 41. Supplementary information of cash flow statement (Continued)
(1) (1) Supplementary information of cash flow statement (Continued)
Unit: Yuan Currency: RMB
Amount for the Amount for the
Supplementary information current period previous period
3. 3. Net changes in cash and cash equivalents:
Closing balance of cash at the end of the 60,688,037.20 36,373,776.90
period
Less: Opening balance of cash at the 112,528,516.53 42,342,860.91
beginning of the period
Add: Closing balance of cash equivalents
at the end of the period
Less: Opening balance of cash equivalents
at the beginning of the period
Net increase in cash and cash equivalents -51,840,479.33 -5,969,084.01
(2) (2) Constitution of cash and cash equivalents
Unit: Yuan Currency: RMB
Closing balance Opening balance
at the end of at the beginning
Item the period of the period
. I. Cash 60,688,037.20 112,528,516.53
Including: Cash on hand 87,694.01 95,219.74
Bank deposit available for payment at 60,600,343.19 112,433,296.79
any time
Other cash and cash equivalents
available for payment at any time
Deposits in central bank available for
payment
Deposit in other banks
Loans to other banks
. II. Cash equivalents
Including: Bond investment due in three months
– I-176 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
41. 41. Supplementary information of cash flow statement (Continued)
(2) (2) Constitution of cash and cash equivalents (Continued)
Unit: Yuan Currency: RMB
Closing balance Opening balance
at the end of at the beginning
Item the period of the period
. III. Balance of cash and cash equivalents as at the 60,688,037.20 112,528,516.53
end of the period
Including: Cash and cash equivalents subject
to restriction by the Company or
subsidiaries under the Group
42. 42. Assets under restricted ownership or use right
Unit: Yuan Currency: RMB
Book value
at the end of Reasons for
Item the period restriction
Cash and cash equivalents 30,000,000.00
Bill deposit
Notes receivable
Inventory
Fixed assets 268,583,878.04
Mortgage loan
Intangible assets
Total 298,583,878.04
– I-177 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
43. 43. Monetary item in foreign currency
(1) (1) Monetary item in foreign currency:
Unit: Yuan
Balance of
foreign currency Balance of RMB
at the end converted at the
Item of the period Exchange rate end of the period
Cash and cash equivalents 6,409.74
Including: USD 27.58 6.7745 186.84
EURO 0.60 7.7667 4.66
HKD 7,164.53 0.8679 6,218.24
Long-term loans 1,205,021.49
Including: USD
EURO 155,494.67 7.7496 1,205,021.49
HKD
– I-178 –
. VI. Notes to Significant Items of the Consolidated Financial Statements
(Continued)
44. 44. Government subsidies
1. 1. Basic information on government subsidies
Unit: Yuan Currency: RMB
The amount
recognized in
the current
Items Amount Presentation profits and losses
Fiscal subsidy for ultra-thin and 607,500.00 607,500.00
ultra-white glass production line Other income
Land-use subsidy for ultra-thin and 26,960.28 26,960.28
ultra-white glass production line Other income
project
Special financial subsidy for 1,863,206.01 1,863,206.01
“research and development of Other income
application technology”
Subsidy for supporting enterprises 124,018.76 124,018.76
and stabilizing employment Other income
issued by Social Security Funds
Collecting Center of Bengbu
Construction funds for scientific 8,769,953.23 8,769,953.23
and technological projects Other income
Economic compensation for 8,320,000.00 8,320,000.00
personnel buyout Other income
Other incentives and subsidies 37,500.00 37,500.00
Other income
Total 19,749,138.28 19,749,138.28
45. 45. Other
The Group has participated in the defined pension plan for the
employees as organized by the local government according to the
relevant Chinese regulations. Pursuant to the Plan, the Group needs
to make the pension contributions in a unified manner in proportion to
the salary, bonus and partial allowance of the employees. Each retired
employee is entitled to the equivalent pension at certain fixed ratio to the
salary on the retirement date. Except as the aforesaid annual defined
contributions, the Group is not obligated to pay any other significant
retirement benefits.
– I-179 –
. VII. Interests in Other Entities
1. 1. Interests in subsidiaries
(1) (1) The constitution of the Group
(%)
Shareholding ratio (%)
Location of Place of Nature of
Name of subsidiaries principal business Registration business Direct Indirect Obtained by
100
CLFG Longmen Glass Co. Ltd. Yanshi City Yanshi City Producing and Investment
selling
100
CLFG Longhai Electronic Glass Limited Yanshi City Yanshi City Producing and Investment
selling
100
CNBMG (Puyang) Photoelectric Material Puyang City Puyang City Producing and Investment
Co., Ltd.* selling
100
Bengbu China National Building Materials Bengbu City Bengbu City Producing and Business
Information Display Materials Co., Ltd. selling combination
under
common
control
. VIII. Risks Relating to Financial Instruments
1. 1. Financial risks
The business of the Group involves various financial risks: market risk
(inclusive of foreign exchange risk and interest rate risk), credit risk and
liquidity risk. The Group concentrates its efforts on unpredicable factors
in the financial market in its overall risk management procedure, and
aims to seek methods to minimize potential negative effects that will
affect the financial performance of the Group. Such kinds of risks still
are limited by following financial management policies and practice of
the Group.
– I-180 –
. VIII. Risks Relating to Financial Instruments (Continued)
1. 1. Financial risks (Continued)
1.1 1.1 Market risk
1.1.1 1.1.1 Foreign exchange risk
The exchange risk of the Group mainly comes from the
bank deposit and loan out of the range of recording
currency. The main currencies that incur risks include U.S.
dollar, Euro and HK dollar.
2017 1–6 There have been little foreign exchange transactions
from January to June 2017 by the Group. Therefore, the
management of the Company anticipates there is no
commercial transaction in the future that will incur major
foreign exchange risks.
1.1.2 1.1.2 Interest rate risk
The interest rate risk of the Group mainly comes from bank
and other loans and bank deposit. Since most expenses
and operating cash flow of the Group is not hugely relevant
to the changes in market interest rates, fixed interest bank
loan will not have sensitive reaction with the changes
in market interest rates. The Group had never hedged
potentially floating rate with any financial instrument before.
The Group’s risk of changes in fair value of financial
instruments resulted from the changes in interest rates was
mainly associated with floating-rate bank loans, for which
the Group aims to maintain those floating rates to eliminate
fair value risks arising from changes in interest rate.
– I-181 –
. VIII. Risks Relating to Financial Instruments (Continued)
1. 1. Financial risks (Continued)
1.2 1.2 Credit risk
1.2.1 1.2.1 Account receivable
The credit risk of the Group mainly comes from the account
receivable. The Group has made credit rating about all
clients who request credit amount exceeding a certain
amount. Such account receivable generally will become
due for payment within 30 days from the date of billing.
30 The debtor must pay off all unpaid balance before getting
granted with other credits.
The credit risk that the Group faces will be mainly affected
by individual characteristics of clients. The industry that its
clients engage in and bad debt risk of the state will slightly
affect credit risk. Therefore, the concentration of material
credit risk is mainly due to the large account receivable of
the Group payable by individual client. As of the balance
sheet date, the account receivable of the Group payable
by the top five clients has accounted for 66.02% of the
total amount of account receivable of the Group (without
deducting bad debt reserve).
66.02%
1.2.2 1.2.2 Bank deposits
The Group reduces deposit risk by depositing in banking
institutions with high credit ratings. Due to the high credit
ratings of these banks, the management does not expect
any risk of the banks’ being unable to fulfill the commitment.
– I-182 –
. VIII. Risks Relating to Financial Instruments (Continued)
1. 1. Financial risks (Continued)
1.3 1.3 Liquidity risk
Within the Group, each subsidiary is responsible for its own cash
flow forecast. Based on the summary of the cash flow forecast of
each subsidiary, the company’s finance department should keep
continuous monitoring of the short-term and long-term funding
needs at the Group level in order to ensure that it maintains cash
and cash equivalents of normal operations. Meanwhile, it should
have access to the controlling shareholder and actual controller
commitment to provide financial assistance to meet short-term
and long-term funding needs. The management of the Group
is responsible to monitor the usage of borrowings and ensures
compliance with loan agreements.
Financial assets and financial liabilities held by the Group is
analyzed dependent on maturity date of the undiscounted
remaining contractual obligations:
1 1 2 2 5
Item Within 1 year 1 to 2 years 2 to 5 years Total
Cash and cash equivalents 90,688,037.20 90,688,037.20
Bills receivables 43,611,023.42 43,611,023.42
Accounts receivables 138,102,959.21 138,102,959.21
Other receivables 3,394,273.59 3,394,273.59
Long-term receivables 55,000,000.00 55,000,000.00
Total financial assets 330,796,293.42 330,796,293.42
Short-term loans 326,496,500.00 326,496,500.00
Accounts payables 32,946,511.78 32,946,511.78
Other payables 53,049,499.38 53,049,499.38
Other non-current liabilities due within 111,407,706.89 111,407,706.89
one year
Long-term loan 53,101,303.19 68,621,015.00 121,722,318.19
Total financial liability 523,900,218.05 53,101,303.19 68,621,015.00 645,622,536.24
– I-183 –
. IX. Disclosure of Fair Value
According to the input values which are significant to the overall fair value
measurement, the fair value hierarchy could be divided into:
Level one: The (unadjusted) quoted prices in active markets for identical assets
or liabilities.
Level two: Directly (e.g. taken from the prices) or indirectly (e.g. based on the
current price projections) observable input values for the assets or liabilities
other than the market quotes in the level one.
Level three: The (unobservable) input values for the assets or liabilities as
determined by the variables other than observable market data.
2017 6 30 As at 30 June 2017, the Group did not have any financial instruments that are
2017 6 30 accounted for by fair value measurements. For the half year ended 30 June
2017, there were not any significant transfers between level one and level two
financial instruments.
. X. Related Parties and Connected Transactions
1. 1. Parent company of the Company
Unit: Yuan Currency: RMB
Shareholding Ratio of voting
ratio in the rights of the
Place of Company by parent company
Name of parent company Registration Nature of business Registered capital parent company in the Company
(%) (%)
1,286,740,000.00 19.94 19.94
China Luoyang Float Glass (Group) Luoyang, China Manufacturing of glass and related raw
Company Limited materials, whole-set equipment
2. 2. Subsidiaries of the Company
For details, please refer to Note VII. Interests in Other Entities.
– I-184 –
. X. Related Parties and Connected Transactions (Continued)
3. 3. Other related parties
Name of other related parties Relationship with the Company
Triumph Technology Group Company Others
CLFG (Beijing) International Engineering Co., Ltd. Wholly-owned subsidiary of the parent company
CLFG Luoyang Jingrun Coating Glass Co., Ltd. Controlled subsidiary of the parent company
Luoyang New Jingrun Engineering Glass Co., Ltd. Controlled subsidiary of the parent company
CLFG Luoyang Glass Engineering Design and Research Co., Ltd. Wholly-owned subsidiary of the parent company
CLFG Warehousing & Logistics Company Limited Wholly-owned subsidiary of the parent company
Luoyang Luobo Glass Fibre Co., Ltd. Controlled subsidiary of the parent company
China Triumph International Engineering Co., Ltd. Brother company of the Group
Anhui Bengbu Huayi Conductive Film Glass Co., Ltd. Brother company of the Group
Henan Zhonglian Glass Co., Ltd. Brother company of the Group
Bengbu Glass Industry Design Institute Brother company of the Group
Triumph Science & Technology Co., Ltd Brother company of the Group
CTIEC Shenzhen Scieno-tech Engineering Company Brother company of the Group
China Triumph Bengbu Engineering and Technology Company Limited Brother company of the Group
Jiangsu CTIEC Environmental Protection Research Institute Co., Ltd. Brother company of the Group
China Triumph Bengbu Engineering and Technology Company Limited Brother company of the Group
Sino-Italian CTIEC (Bengbu) Glass Cold-End Machinery Company Brother company of the Group
Limited
– I-185 –
. X. Related Parties and Connected Transactions (Continued)
3. 3. Other related parties (Continued)
Name of other related parties Relationship with the Company
Anhui Huaguang Photoelectricity Materials Technology Group Co., Ltd Brother company of the Group
Bengbu Chemical Machinery Manufacturing Co., Ltd.* Brother company of the Group
CNBM (Bengbu) Photoelectricity Materials Co., Ltd. Brother company of the Group
CNBM (Hefei) New Energy Company Limited* Controlled subsidiary of the parent company
Dengfeng Hongzhai Silicon Co., Ltd. Controlled subsidiary of the parent company
CNBM Triumph Robotics (Shanghai) Co., Ltd. Brother company of the Group
Shanghai CTIEC Luculent Information Technology Co., Ltd.* Brother company of the Group
Bengbu China Optoelectronics Technology Co., Ltd.* Brother company of the Group
Sinoma Science & Technology Co., Ltd. Brother company of the Group
Wonderful Sky Financial Group Limited Others
– I-186 –
. X. Related Parties and Connected Transactions (Continued)
4. 4. Connected transactions
(1) (1) Connected transactions regarding purchase and sales of
commodity, provision and receiving of labor service
Table of purchase of commodity/receiving of labor service
Unit: Yuan Currency: RMB
Content of connected Amount for the Amount for the
Related party transactions current period previous period
449,197.86 928,000.70
Bengbu Glass Industry Design Institute Purchase of raw materials
188,679.24
Bengbu Glass Industry Design Institute Consulting services received
1,721,747.82 1,723,179.50
Bengbu Chemical Machinery Purchase of raw materials
Manufacturing Co., Ltd.*
9,572.64 16,581.20
Sino-Italian CTIEC (Bengbu) Glass Cold- Purchase of raw materials
End Machinery Company Limited
109,958.34
Bengbu Glass Industry Design Institute Interests expenditure
117,135.42
CNBM (Bengbu) Photoelectricity Materials Interests expenditure
Co., Ltd.
42,009.35
CNBM (Hefei) New Energy Company Interests expenditure
Limited*
14,358.97
CNBM Triumph Robotics (Shanghai) Co., Purchase of raw materials
Ltd.
9,081,346.37 7,223,530.78
Triumph Technology Group Company Purchase of raw materials
814,687.63 1,910,486.31
Dengfeng Hongzhai Silicon Co., Ltd. Purchase of raw materials
1,586,660.00 1,107,585.13
Wonderful Sky Financial Group Limited Service fees for
announcements
32,051.28
China Triumph Bengbu Engineering and Purchase of raw materials
Technology Company Limited
36,656.41
Sinoma Science & Technology Co., Ltd. Purchase of fixed assets
1,211,578.78
China Luoyang Float Glass (Group) Interests expenditure
Company Limited
– I-187 –
. X. Related Parties and Connected Transactions (Continued)
4. 4. Connected transactions (Continued)
(1) (1) Connected transactions regarding purchase and sales of
commodity, provision and receiving of labor service (Continued)
Table of sales of commodity/provision of labor service
Unit: Yuan Currency: RMB
Content of connected Amount for the Amount for the
Related party transactions current period previous period
3,531,503.96 6,286,108.85
Anhui Bengbu Huayi Conductive Film Glass Float glass
Co., Ltd.
469,923.60 552,528.27
Triumph Science & Technology Co., Ltd Float glass
990,754.71
CLFG Longhao Glass Co. Ltd. Technical services
82,013.68 10,493.68
China Luoyang Float Glass (Group) Utilities and tenant
Company Limited
7,180.17
Sino-Italian CTIEC (Bengbu) Glass Cold- Float glass
End Machinery Company Limited
1,390,700.00
Bengbu China Optoelectronics Technology Disposal of land
Co., Ltd.*
557,900.00
CNBM (Bengbu) Photoelectricity Materials Disposal of land
Co., Ltd.
1,017,303.86
CNBM (Bengbu) Photoelectricity Materials Sales of raw materials
Co., Ltd.
566,037.72
CNBM (Bengbu) Photoelectricity Materials Technical services
Co., Ltd.
– I-188 –
. X. Related Parties and Connected Transactions (Continued)
4. 4. Connected transactions (Continued)
(2) (2) Related guaranty
The Company acts as the guaranteed party
Unit: Yuan Currency: RMB
Whether the
Commencement guaranty been
Amount under date of the Expiry date of completed
Guarantor guaranty guaranty the guaranty or not
106,860,000.00 2017 1 25 2018 1 25
China National Building Material Group 25 January 2017 25 January 2018 No
Co., Ltd.
57,600,000.00 2017 1 26 2018 1 26
China National Building Material Group 26 January 2017 26 January 2018 No
Co., Ltd.
71,424,000.00 2017 2 10 2019 2 9
China National Building Material Group 10 February 2017 9 February 2019 No
Co., Ltd.
92,721,000.00 2017 1 16 2018 1 5
China National Building Material Group 16 January 2017 5 January 2018 No
Co., Ltd.
28,758,400.00 2016 6 6 2017 6 6
China National Building Material Group 6 June 2016 6 June 2017 Yes
Co., Ltd.
9,014,600.00 2016 10 30 2017 10 30
China National Building Material Group 30 October 2016 30 October 2017 No
Co., Ltd.
50,000,000.00 2016 6 13 2017 6 13
China National Building Material Group 13 June 2016 13 June 2017 Yes
Co., Ltd.
50,000,000.00 2015 6 19 2018 6 18
China Luoyang Float Glass (Group) Company 19 June 2015 18 June 2018 No
Limited, Triumph Technology Group
Company
63,636,363.00 2015 6 23 2018 6 22
China Luoyang Float Glass (Group) Company 23 June 2015 22 June 2018 No
Limited, Triumph Technology Group
Company
100,000,000.00 2016 12 8 2019 12 8
Triumph Technology Group Company 8 December 2016 8 December 2019 No
100,000,000.00 2017 4 12 2022 4 12
Triumph Technology Group Company 12 April 2017 12 April 2022 No
– I-189 –
. X. Related Parties and Connected Transactions (Continued)
4. 4. Connected transactions (Continued)
(3) (3) Remuneration of key management personnel
Unit: Yuan Currency: RMB
Amount for the Amount for the
Item current period previous period
Remuneration of key management personnel 793,701.83 807,423.58
(4) (4) Other connected transactions
Entrusted loans of related parties:
2017 6 30 As of 30 June 2017, the entrusted loans provided by the
Company through banks to its subsidiaries amounted to
205,000,000.00 RMB205,000,000.00.
Financial assistance of related parties:
2017 1–6 In the period from January to June 2017, CLFG provided an
aggregate fund of RMB217,391,582.90 directly to the Company.
217,391,582.90
– I-190 –
. X. Related Parties and Connected Transactions (Continued)
5. 5. Receivables and payables of related parties
(1) (1) Receivables
Unit: Yuan Currency: RMB
Closing balance at the Opening balance at the
end of the period beginning of the period
Carrying Provision for Carrying Provision for
Project name Related party amount bad debts amount bad debts
24,546,298.49 28,621,134.25
Accounts Anhui Bengbu Huayi Conductive Film Glass
receivable Co., Ltd.
289,079.90
Accounts Anhui Huaguang Photoelectricity Materials
receivable Technology Group Co., Ltd
1,349,753.33
Accounts Luoyang New Jingrun Engineering Glass
receivable Co., Ltd.
463,969.47 22,038.01
Accounts Triumph Science & Technology Co., Ltd
receivable
13,500.00
Prepayment China Triumph Bengbu Engineering and
Technology Company Limited
279,436.97
Prepayment Triumph Technology Group Company
1,627.36 5,600.00
Prepayment CNBM Triumph Robotics (Shanghai) Co., Ltd.*
288,005.60 23,982,714.48
Other receivables China Luoyang Float Glass (Group) Company
Limited
1,650,000.00 1,650,000.00
Other receivables China Triumph International Engineering
Co., Ltd.
22,796.95 82,796.95
Other receivables CLFG (Beijing) International Engineering
Co., Ltd.
150,738.92 150,738.92
Other receivables Luoyang Luobo Glass Fibre Co., Ltd.
– I-191 –
. X. Related Parties and Connected Transactions (Continued)
5. 5. Receivables and payables of related parties (Continued)
(2) (2) Payables
Unit: Yuan Currency: RMB
Carrying amount Carrying amount
at the end of at the beginning
Project name Related party the period of the period
971,319.60 1,279,458.02
Accounts payable Bengbu Chemical Machinery Manufacturing Co., Ltd.*
1,182,499.11 3,544,508.91
Accounts payable Jiangsu CTIEC Environmental Protection Research Institute
Co., Ltd.
2,351,773.05 4,611,449.84
Accounts payable Triumph Technology Group Company
909,893.08 963,003.08
Accounts payable Bengbu Glass Industry Design Institute
472,417.48 517,453.69
Accounts payable Dengfeng Hongzhai Silicon Co., Ltd.
85,400.00 135,400.00
Accounts payable Sino-Italian CTIEC (Bengbu) Glass Cold-End Machinery
Company Limited
2,714.60
Accounts payable Yinan Huasheng Mineral Products Industry Co., Ltd.
746,721.84 5,496,513.80
Prepayment received Anhui Bengbu Huayi Conductive Film Glass Co., Ltd.
1,300,000.00 1,800,000.00
Prepayment received CNBM (Bengbu) Photoelectricity Materials Co., Ltd.
6,552.00 6,552.00
Prepayment received Sino-Italian CTIEC (Bengbu) Glass Cold-End Machinery
Company Limited
33,654,884.31 18,899,748.61
Other payables China Luoyang Float Glass (Group) Company Limited
5,258,770.75 239,181.20
Other payables Bengbu Glass Industry Design Institute
140,000.00 140,000.00
Other payables China Triumph International Engineering Co., Ltd. Bengbu
Branch
9,000,000.00
Other payables Triumph Technology Group Company
3,500.00 3,500.00
Other payables Bengbu Chemical Machinery Manufacturing Co., Ltd.*
1,600.00 1,600.00
Other payables Sino-Italian CTIEC (Bengbu) Glass Cold-End Machinery
Company Limited
3,021,234.05 2,659,797.02
Other payables Wonderful Sky Financial Group Limited
– I-192 –
. X. Related Parties and Connected Transactions (Continued)
6. 6. Other significant events
Segment information
(1) (1) Determination basis and accounting policy of reporting
segment
During the reporting period, the Group’s revenue mainly came
from the sale of photovoltaic glass, thus it is regarded as the
only reportable segment. The management of the Group reviews
the Group’s performance based on such segment and regularly
reviews its financial information to decide on resources allocation
thereto and assess its performance.
(2) (2) Other explanations:
Geographic information
The following table sets out information about the geographical
location of the Group’s revenue from external customers and
the Group’s non-current assets (excluding financial assets
and deferred income tax assets). The geographical location
of customers is stated as the location at which goods were
delivered to customers. The geographical location of fixed
assets, construction in progress and lease prepayments under
non-current assets is determined as the physical location of
the assets; the geographical location of intangible assets and
exploration and evaluation assets is determined as the location
of relevant operations; the geographical location of interests in
associates and other investments is determined as the location of
their respective operations.
Revenue from external customers Non-current assets
2017 1–6 2016 1–6 2017 6 30 2016 12 31
January– January– 30 June 31 December
Item June 2017 June 2016 2017 2016
China 154,969,277.04 137,239,714.63 753,155,945.00 715,096,776.36
Total 154,969,277.04 137,239,714.63 753,155,945.00 715,096,776.36
Major customers
2017 1–6 The Group has a concentrated group of major customers that the
total sales to the top five customers accounted for over 50% of
50% the Group’s revenue in the period from January to June 2017.
– I-193 –
. XI. Notes to Major Items of the Financial Statements of the Company
1. 1. Accounts receivable
(1) (1) Accounts receivable by category:
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying amount Provision for bad debts Carrying amount Provision for bad debts
Category Amount Ratio Amount Provision ratio Book value Amount Ratio Amount Provision ratio Book value
(%) (%) (%) (%)
219,348,939.58 78.08 22,868,491.89 10.43 196,480,447.69 219,348,939.58 77.85 22,868,491.89 10.43 196,480,447.69
Account receivables with significant single amount
and individual provision for bad debts
61,567,844.92 21.92 51,262,347.81 83.26 10,305,497.11 62,400,361.33 22.15 51,222,485.92 82.09 11,177,875.41
Accounts receivable with provision for bad
debts pursuant to the group with credit risk
characteristics
Account receivables with insignificant single amount
and individual provision for bad debts
Total 280,916,784.50 74,130,839.70 206,785,944.8 281,749,300.91 74,090,977.81 207,658,323.10
Account receivables with significant single amount and individual
provision for bad debts at the end of the period:
Unit: Yuan Currency: RMB
Closing balance
Accounts Provision for
Accounts receivable (by Unit) receivable bad debts Provision ratio Reasons for provision
219,348,939.58 22,868,491.89 10.43%
CLFG Longmen Glass Co. Ltd. It is expected that the
recovered amount is
lower than the carrying
amount
Total 219,348,939.58 22,868,491.89
– I-194 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
1. 1. Accounts receivable (Continued)
(1) (1) Accounts receivable by category: (Continued)
In the group, accounts receivable with provision for bad debts
made based on ageing analysis:
Unit: Yuan Currency: RMB
Closing balance
Accounts Provision for
Aging receivable bad debts Provision ratio
1 Within 1 year
1 Including: sub-items within 1 year
1 Subtotal for those within 1 year 10,305,493.58
1 2 1 to 2 years 3.51 1.05 29.91
2 3 2 to 3 years 2.14 1.07 50.00
3 Above 3 years
3 4 3 to 4 years 79,720.82 79,720.82 100.00
4 5 4 to 5 years 604,439.11 604,439.11 100.00
5 Above 5 years 50,578,185.76 50,578,185.76 100.00
Total 61,567,844.92 51,262,347.81 83.26
In the group, the accounts receivable without provision for bad
debts is as follows:
Unit: Yuan Currency: RMB
Amount at
Amount at the end the beginning
Item of the period of the period
Group without provision for bad debts 1,349,753.33
(related parties)
Total 1,349,753.33
– I-195 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
1. 1. Accounts receivable (Continued)
(2) (2) Provision for bad debts made, recovered and reversed for the
current period:
39,861.89 Provision for bad debts for the current period is RMB39,861.89;
the recovery or reversal of the provision for bad debts for the
0 current period is RMB0.
(3) (3) Top five largest accounts receivable at the end of the period by
the balance collected regarding the party in default:
The total accounts receivable at the end of the period by
the balance collected regarding the party in default is
236,602,674.01 RMB236,602,674.01, representing 84.23% of the total balance
of the accounts receivable at the end of the period. The total
84.23% balance of the corresponding provision for bad debts at the end
30,446,240.13 of the period is RMB30,446,240.13.
2. 2. Other receivables
(1) (1) Other accounts receivable by category:
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying amount Bad debt provision Carrying amount Provision for bad debts
Category Amount Ratio Amount Provision ratio Book value Amount Ratio Amount Provision ratio Book value
(%) (%) (%) (%)
263,569,509.44 91.56 241,515,980.86 91.63 22,053,528.58 241,515,980.86 69.91 241,515,980.86 100
Other receivables with significant single amount and
individual provision for bad debts
24,300,738.07 8.44 21,750,947.68 89.51 2,549,790.39 103,942,012.09 30.09 21,190,288.37 20.39 82,751,723.72
Other receivables provided for bad debts in groups with
credit risk characteristics
Other receivables with insignificant single amount and
individual provision for bad debts
Total 287,870,247.51 263,266,928.54 24,603,318.97 345,457,992.95 262,706,269.23 82,751,723.72
– I-196 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
2. 2. Other receivables (Continued)
(1) (1) Other accounts receivable by category: (Continued)
Other receivables with significant single amount and individual
provision for bad debts at the end of the period are set as follows:
Unit: Yuan Currency: RMB
Closing balance
Provision for Reasons for
Other receivables (by unit) Other receivables bad debts Provision ratio provision
252,760,805.44 230,707,276.86 91.27%
CLFG Longmen Glass Company It is expected that
Limited the recovered
amount is lower
than the carrying
amount
10,808,704.00 10,808,704.00 100.00%
Xili Sub-branch, Zhengzhou of It is expected to be
China Construction Bank unrecoverable
Total 263,569,509.44 241,515,980.86
– I-197 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
2. 2. Other receivables (Continued)
(1) (1) Other accounts receivable by category: (Continued)
In the group, other receivables with provision for bad debts
based on ageing analysis:
Unit: Yuan Currency: RMB
Closing balance
Provision for
Aging Other receivables bad debts Provision ratio
1 Within 1 year
1 Including: sub-items within 1 year
1 Subtotal for those within 1 year 241,899.22
1 2 1 to 2 years
2 3 2 to 3 years 844,296.51 422,148.26 50.00
3 Above 3 years
3 4 3 to 4 years 783,600.00 783,600.00 100.00
4 5 4 to 5 years 113,085.89 113,085.89 100.00
5 Above 5 years 20,432,113.53 20,432,113.53 100.00
Total 22,414,995.15 21,750,947.68 97.04
In the group, other receivables without provision for bad debts
are as follows:
Unit: Yuan Currency: RMB
Amount at the Amount at the
Item end of the period beginning of the period
Group with no provision for bad debts
(related party, spare fund, security
deposit etc.) 1,885,742.92 81,656,976.72
Total 1,885,742.92 81,656,976.72
– I-198 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
2. 2. Other receivables (Continued)
(2) (2) Provision for bad debts made, recovered or reversed for the
current period:
Provision for bad debts for the current period is RMB560,659.31.
560,659.31 Provision for bad debts recovered or reversed for the current
0 period is RMB0.
(3) (3) Other receivables categorized by nature of amount
Unit: Yuan Currency: RMB
Carrying amount Carrying amount
at the end at the beginning
Nature of amount of the period of the period
Amounts due from subsidiaries 252,760,805.44 231,720,141.78
Compensation for performance
commitment 23,783,372.88
Land deposits 55,000,000.00
Reserves 74,156.06 64,237.86
Current accounts 35,035,286.01 34,890,240.43
Total 287,870,247.51 345,457,992.95
– I-199 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
2. 2. Other receivables (Continued)
(4) (4) Top five largest other receivables at the end of the period by the
balance collected regarding the party in default:
Unit: Yuan Currency: RMB
Proportion in
total balance Balance of
of other provision for
receivables bad debts
at the end at the end
Name of Unit Nature of amount Closing balance Aging of the period of the period
(%)
252,760,805.44 1 87.80 230,707,276.86
CLFG Longmen Glass Loans from Within 1 year or
Company Limited subsidiaries above
10,808,704.00 1 3.75 10,808,704.00
Xili Sub-branch, Zhengzhou of Current accounts Within 1 year
China Construction Bank
4,600,000.00 5 1.60 4,600,000.00
Shenzhen Cynthia Industrial Current accounts Above 5 years
Company Limited
2,372,413.21 2–3 0.82 2,372,413.21
Zhengzhou Yinji Trade City Current accounts 2 to 3 years
Co., Ltd*
1,777,751.72 5 0.62 1,777,751.72
CLFG Luoyang Dinghong Current accounts Above 5 years
Glass Technology
Engineering Co., Ltd*
Total 272,319,674.37 94.59 250,266,145.79
– I-200 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
3. 3. Long-term equity investment
Unit: Yuan Currency: RMB
Closing balance Opening balance
Carrying Provision for Carrying Provision for
Item amount impairment Book value amount impairment Book value
893,499,984.17 64,513,390.18 828,986,593.99 813,499,984.17 64,513,390.18 748,986,593.99
Investment in subsidiaries
Investment in associates and joint
ventures
Total 893,499,984.17 64,513,390.18 828,986,593.99 813,499,984.17 64,513,390.18 748,986,593.99
(1) (1) Investment in subsidiaries
Unit: Yuan Currency: RMB
Balance of the
Provision for provision for
Increase for the Decrease for the impairment for the impairment at the
Investee Opening balance current period current period Closing balance current period end of the period
64,513,390.18 64,513,390.18 64,513,390.18
CLFG Longmen Glass Company
Limited
48,941,425.28 48,941,425.28
CLFG Longhai Electronic Glass
Limited
699,545,168.71 699,545,168.71
Bengbu China National Building
Materials Information Display
Material Co., Ltd.
500,000.00 80,000,000.00 80,500,000.00
CNBMG (Puyang) Photoelectric
Material Co., Ltd.
Total 813,499,984.17 80,000,000.00 893,499,984.17 64,513,390.18
– I-201 –
. XI. Notes to Major Items of the Financial Statements of the Company
(Continued)
4. 4. Operating income and operating costs:
Unit: Yuan Currency: RMB
January–June 2017 January–June 2016
Item Income Costs Income Costs
72,204,860.11 72,203,078.73 83,865,123.56 83,030,353.10
Principal business
233,892.84 49,746.60 6,831,644.50 5,672,998.92
Other business
Total 72,438,752.95 72,252,825.33 90,696,768.06 88,703,352.02
5. 5. Investment income
Unit: Yuan Currency: RMB
Item January–June 2017 January–June 2016
Income from long-term equity investment based
on the cost method
Income from long-term equity investment based
on the equity method
Investment income from disposal of long-term
equity investment
Investment income from financial assets at
fair value through profit or loss during the
holding period
Investment income from disposal of financial
assets at fair value through profit or loss
Investment income from held-for-maturity 5,515,364.92 5,533,462.50
investments during the holding period
Investment income from available-for-sale
financial assets during the holding period
Investment income from disposal of available-
for-sale financial assets
Gains arising from remeasurement of the fair
value of residual equity interests after loss of
control
Total 5,515,364.92 5,533,462.50
– I-202 –
. XII. Supplementary Information
1. 1. Breakdown of extraordinary profit and loss for the current period
Unit: Yuan Currency: RMB
Item Amount Explanation
Profit/loss on disposal of non-current assets 83,418.35
Tax return and deduction due to ultra vires
approval or without formal approval
documents
Government subsidies (except for the grants 19,077,178.00
which are closely related to the Company’s
normal business, are in compliance with
the provisions of the State and have
the standard amount or quantities in
accordance with the national standard)
attributable to profits and losses for the
period
Profit/loss from debt restructuring 1,715,899.47
Other non-operating income and expenses -126,062.61
other than the aforesaid items
Other profits or losses items within the
definition of extraordinary profit or loss
Effect of income tax -1,343,268.54
Effect of minority interests
Total 19,407,164.67
– I-203 –
. XII. Supplementary Information (Continued)
2. 2. Return on net assets and earnings per share
Earnings per share
Weighted
average return Basic earnings Diluted earnings
Profit for the reporting period on net assets per share per share
(%)
Net profit attributable to holders of 0.22 0.0022 0.0022
ordinary shares of the Company
Net profit attributable to holders of -3.48 -0.0346 -0.0346
ordinary shares of the Company
after deducting extraordinary
profit and loss
– I-204 –
5.
1.
2017 8 31
1,282,819,968.68
2017 8 31 1,056,472,000.00
195,058,246.00
30,084,701.19
1,205,021.49
2017.2.6 2018.2.12 4.350% 106,860,000.00
2017.2.10 2018.2.9 4.350% 64,224,000.00
2017.1.16 2018.1.15 4.568% 88,450,000.00
2017.1.26 2018.1.26 4.568% 57,600,000.00
2017.7.25 2018.6.02 4.350% 26,750,000.00
2017.7.20 2018.7.20 4.785% 9,500,000.00
2017.8.8 2018.8.8 4.785% 9,000,000.00
1989.3.07 2019.2.15 2.50% 1,205,021.49
2016.10.30 2017.10.30 0% 8,768,000.00
2016.12.9 2019.12.9 4.275% 75,000,001.00
2017.4.27 2022.4.27 4.750% 90,058,245.00
2015.6.23 2018.6.23 5.23% 13,244,607.50
2015.6.23 2018.6.23 6.43% 16,840,093.69
– I-205 –
2016.10.28 2017.10.28 4.350% 35,000,000.00
2017.2.6 2018.2.6 4.350% 45,500,000.00
2017.3.9 2018.3.9 4.350% 30,000,000.00
2017.5.23 2018.5.23 4.350% 15,000,000.00
2017.2.4 2018.2.3 4.350% 30,000,000.00
2017.5.3 2018.2.3 4.350% 20,000,000.00
2017.7.21 2018.7.21 5.003% 15,000,000.00
2017.7.24 2018.7.21 5.003% 15,000,000.00
2015.3.26 2021.3.25 6.431% 72,700,000.00
2015.5.28 2021.5.27 6.159% 3,000,000.00
2015.9.9 2021.9.8 5.364% 71,620,000.00
2015.12.15 2021.12.14 5.341% 67,500,000.00
2016.10.28 2018.10.26 4.750% 30,000,000.00
2017.3.27 2018.3.26 4.350% 75,000,000.00
2017.3.28 2018.3.27 4.350% 50,000,000.00
2017.1.11 2018.1.11 4.350% 20,000,000.00
2017.1.16 2018.1.16 4.350% 30,000,000.00
2017.5.8 2018.6.20 5.145% 15,000,000.00
– I-206 –
2017.5.8 2018.12.20 5.145% 15,000,000.00
2017.6.14 2019.6.20 5.145% 20,000,000.00
2017.6.14 2019.12.20 5.145% 10,000,000.00
2017.8.4 2019.12.20 5.145% 10,000,000.00
2017.8.4 2020.6.20 5.145% 20,000,000.00
1,282,819,968.68
2017 8 31 1,400,000.00
36,244,499.34
264,726,351.34
54,519,612.81
2.
2017 8 31 4,845,591.20
3.
2017 8 31
355,490,463.49
4.
2017 8 31
5.
2017 8 31
2017 8 31
– I-207 –
2017 8 31
2017 8 31
6.
7.
2016 12 31
(i) 2017 2 7 (a)
(b) (c)
(ii) 2017 2 7 (a)
(b)
(c)
(iii) 2017 2 7
(iv) A
2017 2 24
– I-208 –
(v) 2017 8 7
A (a) (b) (c)
(vi) 2017 8 7 (a)
(b) (c)
8.
2016
2025
20% 2020
10,100 m2
– I-209 –
ITO TP
2017
2017 2,684 50,000
1.
2.
3.
– I-210 –
4.
5.
6.
7.
8.
9.
– I-211 –
9.
2016 2015 2014 12 31
2017 6 30
(a) 2016 12 31
2015
0.15mm–2.0mm
20%
18
2016
39,209.56 27,006.10 8,025.62
10,413.79
1,151.61 19,627.12
39,209.56 40.79%
– I-212 –
0.15mm
19,843.90 52.21%
8,598.09 22.62%
16,069.03 66.00% 0
0%
5%
(1)
0.80 2015 12 31
0.86 0.57 2015 12 31 0.41
4.38 2015 12 31
12.52 2.05 2015 12 31 2.68
– I-213 –
(2)
112,528,516.53 99.994% 0.006%
579,173,437.14
2015 12 31 608,197,786.13
20,000,000.00 2015 12 31 67,930,000.00
559,173,437.14 2015 12 31 540,267,786.13
(3)
726,520,447.30
2015 12 31 567,495,089.06 2015 28.02%
107,127,156.05 2015 12 31 468,194,996.46
2015 77.12% 523,269,416.96
2015 12 31 278,344,996.00 2015 87.99%
174,093,824.18
2016
– I-214 –
959
50,299,063.33
(b) 2015 12 31
2015
66,215.66
209.84 -18,439.41 12,739.94
-18,475.51 20,591.43
– I-215 –
66,215.66 0.32%
0.20mm 0.20mm
232,457,852.31 35.11%
3.07%
(1)
0.86 2014 12 31
0.75 0.41 2014 12 31 0.25
12.52 2014 12 31 23.29 2.68 2014 12 31
2.66
– I-216 –
(2)
42,342,860.91 99.99% 0.01%
608,197,786.13
2014 12 31 525,829,398.25
67,930,000.00 2014 12 31 20,000,000.00
540,267,786.13 2014 12 31 505,829,398.25
(3)
567,495,089.06
2014 12 31 674,259,284.43 2014 15.83%
468,194,996.46 2014 12 31 470,184,675.53
2014 0.42% 278,344,996.00
2014 12 31 717,077,784.06 2014 61.18%
9,429,009.42
36,269,452.96
2,337,873.60
– I-217 –
2015
(1)
[2015]2813
(2) 2015 12 21
2015 12
21
(i)
100% 2015 12 14
100%
(ii)
100% 63.98%
67% 52% 40.29%
(a)
100%
2015 12 16
– I-218 –
63.98%
2015 12 18
67%
2015 12 15
52%
2015 12 21
40.29%
2015 12 16
(b)
2015 12 21
1,102
50,398,246.78
(c) 2014 12 31
– I-219 –
66,005.83
75.67% 5,699.47 7,852.22
2,115.92 12,013.24
66,005.83 75.67%
2014 1 0.33mm
0.33mm
– I-220 –
154,123,790.22 23.35%
4.83%
(1)
0.75 2013 12 31
0.75 0.25 2013 12 31 0.45
23.29 2013 12 31 3.45 2.66 2013 12 31
1.25
(2)
37,777,890.19 99.997% 0.003%
525,829,398.25
2013 12 31 603,144,409.84
20,000,000.00 2013 12 31 50,696,833.33
505,829,398.25 2013 12 31 552,447,576.51
(3)
674,259,284.43
2013 12 31 756,121,624.86 2013 10.83%
470,184,675.53 2013 12 31 517,551,976.42
2013 9.15% 717,077,784.06
2013 12 31 103,313,890.92 2013 594.08%
– I-221 –
116,688,080
2014
100% 12,200
3,659,521 6,879,905.41
2,172
75,965,371.27
(d) 2017 6 30
– I-222 –
100% 100%
70.99%
180t/d 1550 m2
2017 5 10
8
154,969,277.04 12.92%
3,935,160.93 30,706,339.06
1,177,959.02 26,923,553.25
0.0022 58.61% 2.83
– I-223 –
326,496,500.00 5,000,000.00
321,496,500.00 233,130,025.08
111,407,706.89 9,973,021.49
223,157,003.59
2017 6 30 60,688,037.20
186.84 2016 12 31 234.47
6,218.24 2016 12 31 6,408.42
4.66 2016 12 31 4.38 2016 12 31
112,528,516.53 51,840,479.33
2017 6 30 130.03% 2016 12 31
137.81%
2017 6 30
2017 6 30 938 714 128
96 49%
– I-224 –
2014 12 31 2015 12 31 2016 12 31 2017 5 31
2014 2015 2016 2017 5 31
1
12 31
1
3.340
– II-1 –
2014 12 31 2015
12 31 2016 12 31 2017 5 31 2014 2015 2016
2017 5 31
2016 5 31
2101
– II-2 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
19,243,150.04 41,335,372.53 48,767,304.76 10,088,009.42
103,983,151.37 40,450,406.54 12,667,993.75
226,794,141.83 136,388,856.55 54,170.29
19,048,491.83 19,450,159.33 511,780.00
5,283,904.37 2,257,611.51 5,295,888.18 3,509,756.00
45,709,013.77 44,364,723.08 21,276,773.00
1,070,876.01 5,661,435.62 36,549,657.44 63,219.48
421,132,729.22 289,908,565.16 125,123,567.42 13,660,984.90
688,610,839.36 693,539,264.72 449,545,405.36 414,205.33
36,589,066.42 44,224,322.64 309,919,434.89 585,937,983.76
97,145,068.83 98,046,948.18 100,112,402.21 102,267,478.83
707,412.31
30,705.24
1,369,700.00 5,103,700.00 4,164,000.00
824,452,792.16 840,914,235.54 859,577,242.46 692,783,667.92
1,245,585,521.38 1,130,822,800.70 984,700,809.88 706,444,652.82
– II-3 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
175,500,000.00 124,500,000.00 53,500,000.00
9,951,944.03 15,951,039.96 1,871,120.00
379,215,824.02 363,017,801.50 313,094,935.99 334,629,524.47
166,655.78 196,232.86 16,072,514.00
2,992,975.32 6,425,293.76 4,247,289.25
8,311,686.90 3,264,284.48 11,107,224.55 11,106,578.83
3,894,409.49 634,986.63 600,561.52
234,020,933.29 174,687,024.00 140,023,669.93 194,367,772.33
49,870,000.00 49,870,000.00 49,870,000.00
863,924,428.83 738,546,663.19 590,387,315.24 540,103,875.63
202,450,000.00 219,885,000.00 239,755,000.00
202,450,000.00 219,885,000.00 239,755,000.00
1,066,374,428.83 958,431,663.19 830,142,315.24 540,103,875.63
130,000,000.00 130,000,000.00 130,000,000.00 130,000,000.00
4,239,113.75 4,239,113.75 3,634,077.72 3,634,077.72
44,971,978.80 38,152,023.76 20,924,416.92 32,706,699.47
179,211,092.55 172,391,137.51 154,558,494.64 166,340,777.19
1,245,585,521.38 1,130,822,800.70 984,700,809.88 706,444,652.82
– II-4 –
2017 2016
1–5 1–5 2016 2015 2014
. 239,296,805.88 186,447,721.06 505,711,315.13 14,505,905.85
190,134,545.04 148,678,411.30 404,497,332.67 13,989,490.87
1,876,633.01 2,697,244.00
12,534,940.23 6,190,549.78 17,613,773.23 819,582.52
15,913,430.50 10,080,186.64 38,244,913.27 11,747,611.31 6,223,254.04
13,180,930.16 4,842,188.44 26,057,249.61 10,092.84 4,586.50
204,701.62
2,310,699.53
. 7,762,324.85 16,656,384.90 16,600,802.35 -12,060,871.69 -6,227,840.54
295,160.00 2,309,000.00 25,000,000.00 27,610,000.00
24,721,410.86
. 8,057,484.85 16,656,384.90 18,909,802.35 -11,782,282.55 21,382,159.46
1,237,529.81 588,266.76 1,077,159.48 5,345,539.87
. 6,819,955.04 16,068,118.14 17,832,642.87 -11,782,282.55 16,036,619.59
.
. 6,819,955.04 16,068,118.14 17,832,642.87 -11,782,282.55 16,036,619.59
.
– II-5 –
2017
1–5 2016 1–5 2016 2015 2014
.
51,566,746.20 106,258,514.76 267,702,943.40 1,887,012.60
476,749.12 404,062.42 67,665,414.62 26,988,653.31 27,663,187.00
52,043,495.32 106,662,577.18 335,368,358.02 28,875,665.91 27,663,187.00
121,210,360.22 127,664,230.64 258,757,119.88 2,937,814.47
22,635,417.64 13,750,229.29 43,035,390.31 1,768,257.72 846,682.19
2,953,557.30 2,441,433.87 15,184,264.43 2,976,735.28 1,761,592.97
8,063,752.62 431,932.23 37,004,826.52 55,373,274.49 1,019,893.29
154,863,087.78 144,287,826.03 353,981,601.14 63,056,081.96 3,628,168.45
-102,819,592.46 -37,625,248.85 -18,613,243.12 -34,180,416.05 24,035,018.55
.
481,833.55 28,943,087.77 224,953,392.44 188,209,413.81
481,833.55 28,943,087.77 224,953,392.44 188,209,413.81
-481,833.55 -28,943,087.77 -224,953,392.44 -188,209,413.81
– II-6 –
2017
1–5 2016 1–5 2016 2015 2014
.
140,500,000.00 58,042,476.07 154,500,000.00 343,500,000.00
55,000,000.00 20,000,000.00 148,149,858.00
195,500,000.00 58,042,476.07 174,500,000.00 343,500,000.00 148,149,858.00
106,935,000.00 36,561,451.66 103,370,000.00 375,000.00
5,428,534.33 4,915,253.16 20,149,386.04 14,264,428.00
103,555.40 46,608,804.17
112,363,534.33 41,476,704.82 123,622,941.44 61,248,232.17
83,136,465.67 16,565,771.25 50,877,058.56 282,251,767.83 148,149,858.00
.
. -20,164,960.34 -21,059,477.60 3,320,727.67 23,117,959.34 -16,024,537.26
36,526,696.43 0.00 33,205,968.76 10,088,009.42 26,112,546.68
. 16,361,736.09 -21,059,477.60 36,526,696.43 33,205,968.76 10,088,009.42
– II-7 –
2017 1–5
. 130,000,000.00 4,239,113.75 38,152,023.76 172,391,137.51
. 130,000,000.00 4,239,113.75 38,152,023.76 172,391,137.51
.
- 6,819,955.04 6,819,955.04
6,819,955.04 6,819,955.04
1.
2.
3.
4.
1.
2.
3.
1.
2.
3.
4.
1.
2.
. 130,000,000.00 4,239,113.75 44,971,978.80 179,211,092.55
– II-8 –
2016 1–5
. 130,000,000.00 3,634,077.72 20,924,416.92 154,558,494.64
. 130,000,000.00 3,634,077.72 20,924,416.92 154,558,494.64
.
- 16,068,118.14 16,068,118.14
16,068,118.14 16,068,118.14
1.
2.
3.
4.
1.
2.
3.
1.
2.
3.
4.
1.
2.
. 130,000,000.00 3,634,077.72 36,992,535.06 170,626,612.78
– II-9 –
2016
. 130,000,000.00 3,634,077.72 20,924,416.92 154,558,494.64
. 130,000,000.00 3,634,077.72 20,924,416.92 154,558,494.64
.
- 605,036.03 17,227,606.84 17,832,642.87
17,832,642.87 17,832,642.87
1.
2.
3.
4.
605,036.03 -605,036.03
1. 605,036.03 -605,036.03
2.
3.
1.
2.
3.
4.
1.
2.
. 130,000,000.00 4,239,113.75 38,152,023.76 172,391,137.51
– II-10 –
2015
. 130,000,000.00 3,634,077.72 32,706,699.47 166,340,777.19
. 130,000,000.00 3,634,077.72 32,706,699.47 166,340,777.19
.
- -11,782,282.55 -11,782,282.55
-11,782,282.55 -11,782,282.55
1.
2.
3.
4.
1.
2.
3.
1.
2.
3.
4.
1.
2.
. 130,000,000.00 3,634,077.72 20,924,416.92 154,558,494.64
– II-11 –
2014
. 130,000,000.00 2,030,415.76 18,273,741.84 150,304,157.60
. 130,000,000.00 2,030,415.76 18,273,741.84 150,304,157.60
.
- 1,603,661.96 14,432,957.63 16,036,619.59
16,036,619.59 16,036,619.59
1.
2.
3.
4.
1,603,661.96 -1,603,661.96
1. 1,603,661.96 -1,603,661.96
2.
3.
1.
2.
3.
4.
1.
2.
. 130,000,000.00 3,634,077.72 32,706,699.47 166,340,777.19
– II-12 –
.
2011 3 4
2011 3 4 2061 3 4
100,000,000.00 20,000,000.00 2011 3 2
[2011] 071 2011 11 14
100,000,000.00 130,000,000.00
110,000,000.00 2011 11 29 [2011]093
70,000,000.00
53.84% 30,000,000.00 23.08%
30,000,000.00 23.08% 2014 7 12
53.84%
2014 8 20 2014 10 20
23.08%
2014 10 30
601
91340100570418775Y
130,000,000.00 100,000,000.00 76.92%
30,000,000.00 23.08%
– II-13 –
.
1.
15 –
2. 12
.
2017 5 31 2016 12 31 2015 12 31 2014 12 31 2017
1–5 2016 2015 2014
1 1 12 31
12
1.
– II-14 –
2.
(i)
: (ii)
3.
4.
5.
– II-15 –
50%
12
20% 6
– II-16 –
1.
500.00
2.
(1)
(2)
(3)
(%) (%)
1 1 0 0
1 2 30 30
2 3 50 50
3 4 100 100
4 5 100 100
5 100 100
– II-17 –
3.
1.
2.
3.
4.
– II-18 –
5.
1.
2.
(%) (%)
30–50 3–5 1.90–3.23
4–28 3–5 3.39–24.25
4–10 3–5 9.50–24.25
6–12 3–5 7.92–16.17
4–28 3–5 3.39–24.25
1.
– II-19 –
2.
3
1.
2.
– II-20 –
3.
(1)
(2) (3)
(4)
(5)
– II-21 –
1.
2.
3.
4.
– II-22 –
1.
(1)
(2)
(3) (4) (5)
2.
(1)
(2)
3.
1.
2.
– II-23 –
(1)
(2)
1.
2.
1.
2.
– II-24 –
.
17%
7%
25%
GR201634001122 2016 12 5
2016 1 1 2018 12 31
15%
.
2017 2016 2015 2014
5 31 12 31 12 31 12 31
1,931.98 37,491.98 4,601.98 1,039.43
16,359,804.11 36,489,204.45 33,201,366.78 10,086,969.99
2,881,413.95 4,808,676.10 15,561,336.00
19,243,150.04 41,335,372.53 48,767,304.76 10,088,009.42
2015 1500
2017 2016 2015 2014
5 31 12 31 12 31 12 31
28,311,172.22 12,940,104.70 12,667,993.75
75,541,225.05 27,510,301.84
130,754.10
103,983,151.37 40,450,406.54 12,667,993.75
2017 5 31 32,904,764.73
– II-25 –
2017 5 31 2016 12 31 2015 12 31
226,998,843.45 136,388,856.55 54,170.29
204,701.62
226,794,141.83 136,388,856.55 54,170.29
3–6
1.
2017 5 31 2016 12 31 2015 12 31
1 226,316,504.72 136,388,856.55 54,170.29
1 2 682,338.73
226,998,843.45 136,388,856.55 54,170.29
2.
2017 5 31
(%) (%)
226,998,843.45 100.00 204,701.62 0.09
226,998,843.45 100.00 204,701.62 0.09
– II-26 –
2016 12 31
(%) (%)
136,388,856.55 100.00
136,388,856.55 100.00
2015 12 31
(%) (%)
54,170.29 100.00
54,170.29 100.00
(1)
2017 5 31 2016 12 31 2015 12 31
(%) (%) (%)
1 226,316,504.72 136,388,856.55 54,170.29
1 2 682,338.73 30.00 204,701.62
226,998,843.45 0.09 204,701.62 136,388,856.55 54,170.29
– II-27 –
3. 2017 5 31
(%)
58,028,828.52 25.56
32,530,472.74 14.33
30,307,021.34 13.35
21,825,450.39 9.61
13,240,723.00 5.83
155,932,495.99 68.68
1.
2017 5 31 2016 12 31 2015 12 31
(%) (%) (%)
1 19,048,491.83 100.00 19,450,159.33 100.00 511,780.00 100.00
19,048,491.83 100.00 19,450,159.33 100.00 511,780.00 100.00
2. 2017 5 31
(%)
15,000,000.00 78.75
2,441,451.19 12.82
1,093,959.02 5.74
289,740.00 1.52
166,099.12 0.87
18,991,249.33 99.70
– II-28 –
1.
2017 5 31
(%) (%)
5,283,904.37 100.00
1. 2,531,163.59 47.90
2. 2,752,740.78 52.10
5,283,904.37 100.00
2016 12 31
(%) (%)
2,257,611.51 100.00
1. 186,047.10 8.24
2. 2,071,564.41 91.76
2,257,611.51 100.00
– II-29 –
2015 12 31
(%) (%)
5,295,888.18 100.00
1. 745,063.42 14.07
2. 4,550,824.76 85.93
5,295,888.18 100.00
2014 12 31
(%) (%)
3,509,756.00 100.00
1.
46,500.00 1.32
2. 3,463,256.00 98.68
3,509,756.00 100.00
– II-30 –
(1)
(i)
2017 5 31 2016 12 31
(%) (%)
1 2,531,163.59 186,047.10
2,531,163.59 186,047.10
2015 12 31 2014 12 31
(%) (%)
1 745,063.42 46,500.00
745,063.42 46,500.00
(ii)
2017 2016 2015 2014
5 31 12 31 12 31 12 31
27,467.43 1,041,805.45 400,000.00
739,484.78 30,840.98 480,563.31 50,000.00
2,013,256.00 2,013,256.00 3,028,456.00 3,013,256.00
2,752,740.78 2,071,564.41 4,550,824.76 3,463,256.00
2.
2017 2016 2015 2014
5 31 12 31 12 31 12 31
2,013,256.00 2,013,256.00 3,028,456.00 3,013,256.00
27,467.43 1,041,805.45 400,000.00
3,270,648.37 216,888.08 1,225,626.73 96,500.00
5,283,904.37 2,257,611.51 5,295,888.18 3,509,756.00
– II-31 –
3. 2017 5 31
(%)
1,422,223.00 4–5 26.92
2,007,112.27 1 37.99
377,700.00 4–5 7.15
337,641.41 1 6.39
124,983.85 1 2.37
– 4,269,660.53 80.82
1.
2017 5 31
24,526,759.24 24,526,759.24
67,686.96 67,686.96
21,114,567.57 21,114,567.57
45,709,013.77 45,709,013.77
2016 12 31
15,344,491.89 15,344,491.89
179,326.84 179,326.84
28,840,904.35 28,840,904.35
44,364,723.08 44,364,723.08
– II-32 –
2015 12 31
17,732,066.97 17,732,066.97
893,668.38 893,668.38
2,651,037.65 2,651,037.65
21,276,773.00 21,276,773.00
2017 2016 2015 2014
5 31 12 31 12 31 12 31
4,555,969.39 36,549,657.44 63,219.48
1,070,876.01 1,105,466.23
1,070,876.01 5,661,435.62 36,549,657.44 63,219.48
.
1. 2014 1 1 169,240.00 131,310.00 117,970.00 418,520.00
2. 196,307.54 24,469.67 94,800.00 315,577.21
(1) 196,307.54 24,469.67 94,800.00 315,577.21
3.
4. 2014 12 31 365,547.54 155,779.67 212,770.00 734,097.21
.
1. 2014 1 1 50,238.90 79,160.56 41,246.12 170,645.58
2. 71,270.56 47,849.13 30,126.61 149,246.30
(1) 71,270.56 47,849.13 30,126.61 149,246.30
3.
4. 2014 12 31 121,509.46 127,009.69 71,372.73 319,891.88
. 2014 12 31
244,038.08 28,769.98 141,397.27 414,205.33
– II-33 –
.
1. 2015 1 1 365,547.54 155,779.67 212,770.00 734,097.21
2. 159,990,550.40 285,968,308.60 1,427,179.53 623,798.16 1,445,548.02 449,455,384.71
(1) 830,000.01 1,427,179.53 623,798.16 1,445,548.02 4,326,525.72
(2) 159,990,550.40 285,138,308.59 445,128,858.99
3.
4. 2015 12 31 159,990,550.40 285,968,308.60 1,792,727.07 779,577.83 1,658,318.02 450,189,481.92
.
1. 2015 1 1 121,509.46 127,009.69 71,372.73 319,891.88
2. 6,812.33 91,580.16 68,468.49 157,323.70 324,184.68
(1) 6,812.33 91,580.16 68,468.49 157,323.70 324,184.68
3.
4. 2015 12 31 6,812.33 213,089.62 195,478.18 228,696.43 644,076.56
. 2015 12 31 159,990,550.40 285,961,496.27 1,579,637.45 584,099.65 1,429,621.59 449,545,405.36
.
1. 2016 1 1 159,990,550.40 285,968,308.60 1,792,727.07 779,577.83 1,658,318.02 450,189,481.92
2. 51,607,626.19 226,189,724.92 197,564.10 149,682.22 233,451.53 278,378,048.96
(1) 1,059,396.90 197,564.10 149,682.22 233,451.53 1,640,094.75
(2) 51,607,626.19 225,130,328.02 276,737,954.21
3.
4. 2016 12 31 211,598,176.59 512,158,033.52 1,990,291.17 929,260.05 1,891,769.55 728,567,530.88
.
1. 2016 1 1 6,812.33 213,089.62 195,478.18 228,696.43 644,076.56
2. 4,632,473.62 28,525,934.35 360,573.11 212,912.72 652,295.80 34,384,189.60
(1) 4,632,473.62 28,525,934.35 360,573.11 212,912.72 652,295.80 34,384,189.60
3.
4. 2016 12 31 4,632,473.62 28,532,746.68 573,662.73 408,390.90 880,992.23 35,028,266.16
. 2016 12 31 206,965,702.97 483,625,286.84 1,416,628.44 520,869.15 1,010,777.32 693,539,264.72
.
1. 2017 1 1 211,598,176.59 512,158,033.52 1,990,291.17 929,260.05 1,891,769.55 728,567,530.88
2. 12,258,997.65 254,183.41 – – 59,914.53 12,573,095.59
(1) 254,183.41 59,914.53 314,097.94
(2) 12,258,997.65 12,258,997.65
3.
4. 2017 5 31 223,857,174.24 512,412,216.93 1,990,291.17 929,260.05 1,951,684.08 741,140,626.47
.
1. 2017 1 1 4,632,473.62 28,532,746.68 573,662.73 408,390.90 880,992.23 35,028,266.16
2. 2,418,819.24 14,707,499.66 149,216.15 69,286.95 156,698.95 17,501,520.95
(1) 2,418,819.24 14,707,499.66 149,216.15 69,286.95 156,698.95 17,501,520.95
3.
4. 2017 5 31 7,051,292.86 43,240,246.34 722,878.88 477,677.85 1,037,691.18 52,529,787.11
. 2017 5 31 216,805,881.38 469,171,970.59 1,267,412.29 451,582.20 913,992.90 688,610,839.36
12,198,988.60
– II-34 –
1.
2017 5 31 2016 12 31
4,675,269.11 4,675,269.11 16,149,849.64 16,149,849.64
31,913,797.31 31,913,797.31 28,074,473.00 28,074,473.00
36,589,066.42 36,589,066.42 44,224,322.64 44,224,322.64
2015 12 31 2014 12 31
65,749,165.75 65,749,165.75 215,943,500.00 215,943,500.00
244,170,269.14 244,170,269.14 359,963,410.00 359,963,410.00
10,031,073.76 10,031,073.76
309,919,434.89 309,919,434.89 585,937,983.76 585,937,983.76
– II-35 –
2.
2014
2014 1 1 12 31
(%) (%)
828,730,000.00 105,567,296.66 480,370,687.10 585,937,983.76 71% 71% 5,883,982.98 2,372,149.75 5.05%
828,730,000.00 105,567,296.66 480,370,687.10 585,937,983.76 71% 71% 5,883,982.98 2,372,149.75
2015
2015 1 1 12 31
(%) (%)
828,730,000.00 585,937,983.76 169,110,310.12 445,128,858.99 309,919,434.89 91% 91% 22,007,696.80 16,123,713.82 5.22%
– II-36 –
828,730,000.00 585,937,983.76 169,110,310.12 445,128,858.99 309,919,434.89 91% 91% 22,007,696.80 16,123,713.82
2016
2016 1 1 12 31
(%) (%)
828,730,000.00 309,919,434.89 11,042,841.96 276,737,954.21 44,224,322.64 93% 93% 26,051,012.33 4,043,315.53 5.35%
828,730,000.00 309,919,434.89 11,042,841.96 276,737,954.21 44,224,322.64 93% 93% 26,051,012.33 4,043,315.53
2017
2017 1 1 5 31
(%) (%)
828,730,000.00 44,224,322.64 4,062,280.35 12,258,997.65 36,027,605.34 93.50% 93.50% 26,051,012.33 5.35%
– II-37 –
828,730,000.00 44,224,322.64 4,062,280.35 12,258,997.65 36,027,605.34 93.50% 93.50% 26,051,012.33
.
1. 2014 1 1 107,753,830.88 107,753,830.88
2.
3.
4. 2014 12 31 107,753,830.88 107,753,830.88
.
1. 2014 1 1 3,331,275.43 3,331,275.43
2. 2,155,076.62 2,155,076.62
(1) 2,155,076.62 2,155,076.62
3.
4. 2014 12 31 5,486,352.05 5,486,352.05
. 2014 12 31 102,267,478.83 102,267,478.83
.
1. 2015 1 1 107,753,830.88 107,753,830.88
2.
3.
4. 2015 12 31 107,753,830.88 107,753,830.88
.
1. 2015 1 1 5,486,352.05 5,486,352.05
2. 2,155,076.62 2,155,076.62
(1) 2,155,076.62 2,155,076.62
3.
4. 2015 12 31 7,641,428.67 7,641,428.67
. 2015 12 31 100,112,402.21 100,112,402.21
.
1. 2016 1 1 107,753,830.88 107,753,830.88
2. 94,339.62 94,339.62
(1) 94,339.62 94,339.62
3.
4. 2016 12 31 107,753,830.88 94,339.62 107,848,170.50
.
1. 2016 1 1 7,641,428.67 7,641,428.67
2. 2,155,076.57 4,717.08 2,159,793.65
(1) 2,155,076.57 4,717.08 2,159,793.65
3.
4. 2016 12 31 9,796,505.24 4,717.08 9,801,222.32
. 2016 12 31 97,957,325.64 89,622.54 98,046,948.18
– II-38 –
.
1. 2017 1 1 107,753,830.88 94,339.62 107,848,170.50
2.
3.
4. 2017 5 31 107,753,830.88 94,339.62 107,848,170.50
.
1. 2017 1 1 9,796,505.24 4,717.08 9,801,222.32
2. 897,948.55 3,930.80 901,879.35
(1) 897,948.55 3,930.80 901,879.35
3.
4. 2017 5 31 10,694,453.79 8,647.88 10,703,101.67
. 2017 5 31 97,059,377.09 85,691.74 97,145,068.83
2017 2017
1 1 5 31
757,941.76 50,529.45 707,412.31
757,941.76 50,529.45 707,412.31
2017 5 2016 2015 2014
31 12 31 12 31 12 31
1,369,700.00 5,103,700.00 4,164,000.00
1,369,700.00 5,103,700.00 4,164,000.00
2017 2016 2015 2014
5 31 12 31 12 31 12 31
175,500,000.00 124,500,000.00 53,500,000.00
175,500,000.00 124,500,000.00 53,500,000.00
2017 2016 2015 2014
5 31 12 31 12 31 12 31
8,107,927.46 15,951,039.96 1,871,120.00
1,844,016.57
9,951,944.03 15,951,039.96 1,871,120.00
– II-39 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
1 1 105,380,876.84 79,877,577.07 313,094,935.99 334,629,524.47
1 273,834,947.18 283,140,224.43
379,215,824.02 363,017,801.50 313,094,935.99 334,629,524.47
1
273,423,781.04
273,423,781.04
2017 2016 2015 2014
5 31 12 31 12 31 12 31
1 1 160,025.32 196,232.86 16,072,514.00
1 6,630.46
166,655.78 196,232.86 16,072,514.00
1.
2014 2014
1 1 12 31
. 1,440,828.98 1,440,828.98
.
136,912.73 136,912.73
1,577,741.71 1,577,741.71
– II-40 –
2015 2015
1 1 12 31
. 12,555,064.81 8,307,775.56 4,247,289.25
.
975,285.73 975,285.73
13,530,350.54 9,283,061.29 4,247,289.25
2016 2016
1 1 12 31
. 4,247,289.25 43,274,431.29 41,096,426.78 6,425,293.76
.
3,216,524.40 3,216,524.40
4,247,289.25 46,490,955.69 44,312,951.18 6,425,293.76
2017 2017
1 1 5 31
. 6,425,293.76 19,061,078.28 22,493,396.72 2,992,975.32
.
1,501,043.52 1,501,043.52
6,425,293.76 20,562,121.80 23,994,440.24 2,992,975.32
– II-41 –
2.
2014 2014
1 1 12 31
1.
1,199,353.37 1,199,353.37
2. 127,282.57 127,282.57
3. 61,540.04 61,540.04
50,618.28 50,618.28
6,070.41 6,070.41
4,851.35 4,851.35
4. 52,353.00 52,353.00
5.
300.00 300.00
1,440,828.98 1,440,828.98
2015 2015
1 1 12 31
1.
11,464,013.72 7,216,724.47 4,247,289.25
2. 545,208.37 545,208.37
3. 428,187.72 428,187.72
340,402.38 340,402.38
43,392.39 43,392.39
44,392.95 44,392.95
4. 117,655.00 117,655.00
12,555,064.81 8,307,775.56 4,247,289.25
– II-42 –
2016 1 1 2016 12 31
1.
4,247,289.25 37,474,383.33 35,296,378.82 6,425,293.76
2. 3,019,303.27 3,019,303.27
3. 1,473,736.27 1,473,736.27
1,176,770.71 1,176,770.71
140,465.34 140,465.34
156,500.22 156,500.22
4. 531,916.00 531,916.00
5.
775,092.42 775,092.42
4,247,289.25 43,274,431.29 41,096,426.78 6,425,293.76
2017 1 1 2017 5 31
1.
6,425,293.76 15,322,530.20 18,804,630.72 2,943,193.24
2. 2,304,283.96 2,304,283.96
3. 704,661.88 704,661.88
562,236.87 562,236.87
67,539.69 67,539.69
74,885.32 74,885.32
4. 517,407.08 467,625.00 49,782.08
5.
212,195.16 212,195.16
6,425,293.76 19,061,078.28 22,493,396.72 2,992,975.32
3.
2014 1 1 2014 12 31
1. 121,408.20 121,408.20
2. 7,615.25 7,615.25
3. 7,889.28 7,889.28
136,912.73 136,912.73
– II-43 –
2015 1 1 2015 12 31
1. 902,011.40 902,011.40
2. 65,794.33 65,794.33
3. 7,480.00 7,480.00
975,285.73 975,285.73
2016 1 1 2016 12 31
1. 3,020,012.82 3,020,012.82
2. 176,168.78 176,168.78
3. 20,342.80 20,342.80
3,216,524.40 3,216,524.40
2017 1 1 2017 5 31
1. 1,425,946.40 1,425,946.40
2. 75,097.12 75,097.12
1,501,043.52 1,501,043.52
2017 5 31 2016 12 31 2015 12 31 2014 12 31
4,547,681.45
9,734,229.65 9,734,229.65
1,124,121.79 1,348,946.19 1,348,946.20 1,355,690.93
2,518,018.30 1,777,424.68
45,496.31 28,093.86 24,048.70 16,658.25
76,369.05 109,819.75
8,311,686.90 3,264,284.48 11,107,224.55 11,106,578.83
– II-44 –
2017 5 31 2016 12 31 2015 12 31 2014 12 31
2,909,436.58 469,505.38 514,241.94
984,972.91 165,481.25 86,319.58
3,894,409.49 634,986.63 600,561.52
2017 5 31 2016 12 31 2015 12 31 2014 12 31
232,264,473.70 173,041,436.62 122,985,397.85 192,198,211.06
1,092,177.88 400,000.00 1,500,000.00
530,940.56 524,099.29 14,667,443.99 2,063,974.27
133,341.15 721,488.09 870,828.09 105,587.00
234,020,933.29 174,687,024.00 140,023,669.93 194,367,772.33
2017 5 31 1
153,615,734.65
153,615,734.65
2017 5 31 2016 12 31 2015 12 31 2014 12 31
49,870,000.00 49,870,000.00 49,870,000.00
49,870,000.00 49,870,000.00 49,870,000.00
– II-45 –
2017 5 31 2016 12 31 2015 12 31
172,450,000.00 5.34%–6.43% 189,885,000.00 5.34%–6.43% 209,755,000.00 5.34%–6.43%
30,000,000.00 4.75% 30,000,000.00 4.75% 30,000,000.00 4.75%
202,450,000.00 219,885,000.00 239,755,000.00
2017 5 31 2016 12 31 2015 12 31 2014 12 31
30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00
100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00
130,000,000.00 130,000,000.00 130,000,000.00 130,000,000.00
2014 1 1 2014 12 31 2015 12 31
2,030,415.76 1,603,661.96 3,634,077.72 3,634,077.72
2,030,415.76 1,603,661.96 3,634,077.72 3,634,077.72
2015 12 31 2016 12 31 2017 5 31
3,634,077.72 605,036.03 4,239,113.75 4,239,113.75
3,634,077.72 605,036.03 4,239,113.75 4,239,113.75
– II-46 –
2017 5 31
38,152,023.76
+ -
38,152,023.76
6,819,955.04 –
44,971,978.80
2016 12 31
20,924,416.92
+ -
20,924,416.92
17,832,642.87 –
605,036.03
38,152,023.76
2015 12 31
32,706,699.47
+ -
32,706,699.47
-11,782,282.55 –
20,924,416.92
– II-47 –
2014 12 31
18,273,741.84
+ -
18,273,741.84
16,036,619.59 –
1,603,661.96 10%
32,706,699.47
2017 1–5 2016 1–5 2016 2015
. 230,139,611.43 181,945,582.67 176,211,223.22 138,510,681.46 482,165,519.48 381,763,542.82 11,677,414.52 11,751,860.94
230,139,611.43 181,945,582.67 176,211,223.22 138,510,681.46 482,165,519.48 381,763,542.82 11,677,414.52 11,751,860.94
. 9,157,194.45 8,188,962.37 10,236,497.84 10,167,729.84 23,545,795.65 22,733,789.85 2,828,491.33 2,237,629.93
9,022,921.40 8,188,962.37 10,236,497.84 10,167,729.84 23,059,495.25 22,733,789.85 2,828,491.33 2,237,629.93
134,273.05 68,768.00 486,300.40
239,296,805.88 190,134,545.04 186,447,721.06 148,678,411.30 505,711,315.13 404,497,332.67 14,505,905.85 13,989,490.87
2017 1–5 2016 1–5 2016 2015
740,593.62 1,036,831.06
1,124,121.80 1,573,770.56
11,917.59 86,642.38
1,876,633.01 2,697,244.00
2017 1–5 2016 1–5 2016 2015
301,234.79 202,609.62 663,762.43 118,775.05
12,065,547.53 5,913,514.09 16,271,221.53 700,807.47
168,157.91 74,426.07 678,789.27
12,534,940.23 6,190,549.78 17,613,773.23 819,582.52
– II-48 –
2017 1–5 2016 1–5 2016 2015 2014
5,877,636.79 4,646,050.08 14,886,485.46 4,036,088.85 885,293.81
1,746,584.69 298,714.62 3,280,209.24 325,498.83 149,246.30
901,879.35 913,473.80 2,159,793.65 1,501,267.09 1,441,829.87
62,019.45 145,848.69 468,149.58 737,173.75 97,577.03
42,395.02 71,202.88 217,987.06 286,424.13 148,775.18
45,152.86 15,653.65 67,645.01 20,259.05 41,410.70
86,703.87 125,363.43 269,520.22 398,845.03 55,329.09
658,150.94 57,560.00 420,711.09 3,861.39 8,927.00
27,265.06 123,718.81 194,481.08 280,618.35 18,063.50
307,824.15 397,621.44 1,027,504.12 734,000.99 361,960.00
148,699.62 125,677.75 1,173,756.88 132,023.12 17,433.96
83,960.38 134,668.60 356,956.00 179,969.00 34,340.00
939,567.49 1,926,602.86 2,802,392.40 2,754,210.93
5,089,259.06 1,038,038.70 2,187,348.48
339,529.35 286,826.32 6,744,555.66 600.00
496,369.91 760,200.38 2,863,206.88 308,589.33 208,856.67
15,913,430.50 10,080,186.64 38,244,913.27 11,747,611.31 6,223,254.04
2017 1–5 2016 1–5 2016 2015 2014
12,426,782.95 3,943,504.85 22,861,651.80
66,505.59 42,159.27 660,121.23
820,652.80 940,842.86 3,855,719.04 10,092.84 4,586.50
13,180,930.16 4,842,188.44 26,057,249.61 10,092.84 4,586.50
2017 1–5 2016 1–5 2016 2015 2014
204,701.62
204,701.62
– II-49 –
2017 1–5 2016 1–5 2016 2015 2014
2,310,699.53
2,310,699.53
1.
2017 1–5 2016 1–5 2016 2015 2014
294,800.00 294,800.00 2,309,000.00 2,309,000.00 25,000,000.00 25,000,000.00 27,610,000.00 27,610,000.00
360.00 360.00
295,160.00 295,160.00 2,309,000.00 2,309,000.00 25,000,000.00 25,000,000.00 27,610,000.00 27,610,000.00
2.
2017 1–5 2016 1–5 2016 2015 2014
25,000,000.00 27,610,000.00
2,254,000.00
54,000.00
11,000.00 1,000.00
30,000.00
10,000.00
200,000.00
43,800.00
294,800.00 2,309,000.00 25,000,000.00 27,610,000.00
– II-50 –
2017 1–5 2016 1–5 2016 2015 2014
24,721,410.86 24,721,410.86
24,721,410.86 24,721,410.86
2017 1–5 2016 1–5 2016 2015 2014
1,268,235.05 588,266.76 1,077,159.48 5,345,539.87
-30,705.24
1,237,529.81 588,266.76 1,077,159.48 5,345,539.87
1.
2017 1–5 2016 2015 2014
476,749.12 67,665,414.62 26,988,653.31 27,663,187.00
66,505.59 660,121.23
294,800.00 2,309,000.00 25,000,000.00 27,610,000.00
48,400,000.00
15,000,000.00
1,560,000.00
115,443.53 1,296,293.39 428,653.31 53,187.00
8,063,752.62 37,004,826.52 55,373,274.49 1,019,893.29
168,157.91 262,675.14
7,192,915.54 9,663,947.18 3,798,356.23 992,373.13
27,041,248.84 10,996,757.46
24,721,410.86
15,000,000.00
702,679.17 36,955.36 856,749.94 27,520.16
– II-51 –
2.
2017 1–5 2016 2015 2014
55,000,000.00 20,000,000.00 148,149,858.00
20,000,000.00
10,000,000.00
138,149,858.00
55,000,000.00
103,555.40 46,608,804.17
103,555.40 46,608,804.17
1.
2017 1–5 2016 2015 2014
1.
6,819,955.04 17,832,642.87 -11,782,282.55 16,036,619.59
204,701.62
17,501,520.95 34,384,189.60 324,184.68 149,246.30
901,879.35 2,159,793.65 1,501,267.09 1,441,829.87
50,529.45
-
-
– II-52 –
2017 1–5 2016 2015 2014
-
- 12,906,782.95 24,300,151.80
-
-
-30,705.24
-
- -1,344,290.69 -23,087,950.08 -21,276,773.00
-
-151,272,797.48 -149,128,979.89 -15,020,076.22 -86,153.14
-
11,442,831.59 74,926,908.93 12,073,263.95 6,493,475.93
-102,819,592.46 -18,613,243.12 -34,180,416.05 24,035,018.55
2.
16,361,736.09 36,526,696.43 33,205,968.76 10,088,009.42
36,526,696.43 33,205,968.76 10,088,009.42 26,112,546.68
-20,164,960.34 3,320,727.67 23,117,959.34 -16,024,537.26
2
2017 1–5 2016 2015 2014
.
1,931.98 37,491.98 4,601.98 1,039.43
16,359,804.11 36,489,204.45 33,201,366.78 10,086,969.99
.
16,361,736.09 36,526,696.43 33,205,968.76 10,088,009.42
2017 5 31
2,881,413.95
5,607,927.46
71,816,534.17
48,471,445.67
128,777,321.25
– II-53 –
2017 5 31
5,068.81 6.8633 34,788.76
1,903,741.26 6.8633 13,065,947.38
2016 12 31
690,454.49 6.8054 4,698,845.46
.
(%) (%)
1,286,740,000.00 76.92 76.92
9
– II-54 –
1.
2017 1–5 2016 2015 2014
2,520,659.30 6,109,677.50 6,835,539.85
471,597.01 685,816.67
22,603,295.90 45,428,111.16 6,375,958.31
800,854.72
3,247,863.24 4,615,384.60
2,075,471.64
480,000.00 1,438,500.00 1,767,000.00
412,000.00
1,862,733.33 2,420,655.56
141,509.43
94,339.62
5,537,349.05 14,316,826.16 1,520,323.07
3,931.62 2,156,923.08
101,196.58
76,259,445.60 575,506,910.00
2,594,339.63
326,028.30
46,504.27 11,463.77
438,058.03
746,569.45
464,102.59
29,017.09
24,287.18
1,524,739.57 1,412,240.42 1,068,461.54
– II-55 –
2017 1–5 2016 2015 2014
153,207.55
5,209,638.68
2.
2017 1–5
20,000,000.00 2017/6/2 2019/6/1
30,000,000.00 2018/2/4 2020/2/3
45,500,000.00 2018/2/7 2020/2/6
30,000,000.00 2018/3/9 2020/3/8
15,000,000.00 2018/5/24 2020/5/23
2016
30,000,000.00 2017/3/3 2019/3/2
30,000,000.00 2017/2/21 2019/2/20
29,500,000.00 2017/2/22 2019/2/21
35,000,000.00 2017/10/29 2019/10/28
2015
100,000,000.00 2021/3/26 2023/3/25
4,500,000.00 2021/5/28 2023/5/27
95,500,000.00 2021/9/9 2023/9/8
90,000,000.00 2021/12/15 2023/12/14
49,000,000.00 2016/10/28 2018/10/27
4,500,000.00 2016/6/2 2018/6/1
– II-56 –
1.
2017 5 31 2016 12 31
27,467.43
1,303,700.00 5,103,700.00
36,000.00
1,093,959.02
3,247.43
15,000,000.00 15,000,000.00
2015 12 31 2014 12 31
400,000.00 400,000.00
241,805.45
400,000.00
5,000.00
2.
2017 5 31 2016 12 31 2015 12 31 2014 12 31
1,814,944.60 1,334,944.60 54,048,353.06
11,840.00
2,000.00
153,615,734.65 151,095,075.35 122,985,397.85 138,149,858.00
21,087,225.00 20,611,416.67
55,746,569.45
– II-57 –
2017 5 31 2016 12 31 2015 12 31 2014 12 31
273,423,781.04 282,519,058.29 286,017,346.12 334,629,524.47
660,066.38 401,870.72
64,636.90 64,636.90 1,284,790.00
1,294,339.63
11,524,994.31 8,514,531.63 1,520,323.07
546,000.00 546,000.00
512,527.90
3,406.84
1,639,246.34 744,157.43
.
.
.
( )
( )
.
2017 5 31
– II-58 –
2014 12 31 2015 12 31 2016 12 31 2017 5 31
2014 2015 2016 2017 5 31
1
12 31
1
3.340
– III-1 –
2014 12 31 2015
12 31 2016 12 31 2017 5 31 2014 2015 2016
2017 5 31
2016 5 31
2101
– III-2 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
4,001,345.49 17,139,435.86 4,569,654.10 1,434,093.01
23,960,036.60 17,920,000.00 12,954,898.52 9,714,089.18
113,433,249.72 85,136,743.73 70,221,628.75 26,925,687.36
983,429.71 1,361,751.60 503,153.77 1,070,899.01
210,466.15 148,817.66 277,205.55 692,918.14
18,017,823.03 29,029,597.59 12,992,051.66 22,244,052.53
1,593,532.21 2,618,373.40 15,462,477.32 20,508,322.82
162,199,882.91 153,354,719.84 116,981,069.67 82,590,062.05
262,758,771.93 259,603,658.52 271,786,076.26 1,535,968.17
14,808,685.98 1,728,535.21 213,559,520.01
51,466,690.25 52,419,908.25 54,707,631.52 56,925,910.36
651,763.84 732,915.61 170,783.15 204,914.72
735,160.00 11,142.00
329,685,912.00 315,220,177.59 326,675,632.93 272,226,313.26
491,885,794.91 468,574,897.43 443,656,702.60 354,816,375.31
– III-3 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
131,600,000.00
50,000,000.00 50,000,000.00 91,060,000.00
90,212,791.10 71,936,770.27 152,279,559.08 167,988,549.89
830,684.62 77,335.05 496,309.41 2,410,158.80
1,319,841.39 1,803,215.18 1,233,806.80
1,293,245.42 3,269,796.82 565,901.71 671,274.60
420,206.11
133,213,325.40 344,662.72 121,827,487.31 108,362,064.23
276,869,887.93 259,451,986.15 367,463,064.31 279,432,047.52
276,869,887.93 259,451,986.15 367,463,064.31 279,432,047.52
– III-4 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
133,388,980.00 133,388,980.00 37,000,000.00 37,000,000.00
6,611,020.00 6,611,020.00
3,073,858.35 3,073,858.35 80,931.05
71,942,048.63 66,049,052.93 39,112,707.24 38,384,327.79
215,015,906.98 209,122,911.28 76,193,638.29 75,384,327.79
491,885,794.91 468,574,897.43 443,656,702.60 354,816,375.31
– III-5 –
2017 1-5 2016 1-5 2016 2015 2014
. 106,906,230.23 93,419,982.97 233,072,833.77 69,275,702.33 5,568,563.14
85,161,305.55 66,392,927.42 163,081,479.66 52,782,206.56 5,784,194.00
2,061,013.95 3,595,600.28
5,499,717.93 5,183,876.61 11,110,997.40 4,314,863.82 677,537.66
3,818,521.46 4,789,944.45 11,950,806.92 10,312,172.81 9,500,409.27
2,951,533.69 2,879,587.08 5,880,721.55 2,985,108.36 56,781.05
-250,490.69 2,248,529.85 -136,526.29 789,283.87
. 7,664,628.34 14,173,647.41 35,204,698.11 -982,122.93 -11,239,642.71
200,200.00 107,652.89 1,825,565.00 3,803,905.00
27,253.89
8,019.40
. 7,864,828.34 14,173,647.41 35,304,331.60 843,442.07 -7,435,737.71
1,971,832.64 72,992.43 5,375,058.61 34,131.57 -197,320.97
. 5,892,995.70 14,100,654.98 29,929,272.99 809,310.50 -7,238,416.74
.
. 5,892,995.70 14,100,654.98 29,929,272.99 809,310.50 -7,238,416.74
.
– III-6 –
2017 1-5 2016 1-5 2016 2015 2014
.
35,166,311.99 36,709,597.89 89,832,737.39 51,304,916.15 7,940,939.94
3,671,510.00
1,705,393.77 2,209,197.79 4,162,495.52 2,673,567.90 509,864.27
36,871,705.76 38,918,795.68 93,995,232.91 53,978,484.05 12,122,314.21
31,866,627.34 24,979,994.78 67,018,909.19 40,163,377.45 6,870,812.53
8,437,814.51 8,583,511.09 21,382,784.34 6,376,551.06 2,019,672.56
5,917,733.20 1,863,703.19 10,391,476.96 4,318,723.56 3,330,257.64
848,725.74 2,435,453.53 4,098,575.36 229,246.83 486,690.37
47,070,900.79 37,862,662.59 102,891,745.85 51,087,898.90 12,707,433.10
-10,199,195.03 1,056,133.09 -8,896,512.94 2,890,585.15 -585,118.89
.
– III-7 –
2017 1-5 2016 1-5 2016 2015 2014
1,219,870.34 905,088.80 86,220,896.52 27,755,024.06 38,278,605.83
1,219,870.34 905,088.80 86,220,896.52 27,755,024.06 38,278,605.83
-1,219,870.34 905,088.80 -86,220,896.52 -27,755,024.06 -38,278,605.83
.
63,000,000.00
29,143,117.00 174,689,560.48 127,375,000.00 39,727,317.79
29,143,117.00 237,689,560.48 127,375,000.00 39,727,317.79
1,719,025.00 6,123,167.06
29,109,936.80 123,879,202.20 99,375,000.00
1,719,025.00 29,109,936.80 130,002,369.26 99,375,000.00
-1,719,025.00 33,180.20 107,687,191.22 28,000,000.00 39,727,317.79
.
.
-13,138,090.37 184,224.49 12,569,781.76 3,135,561.09 863,593.07
17,139,435.86 4,569,654.10 4,569,654.10 1,434,093.01 570,499.94
.
4,001,345.49 4,753,878.59 17,139,435.86 4,569,654.10 1,434,093.01
– III-8 –
2017 1-5
. 133,388,980.00 6,611,020.00 3,073,858.35 66,049,052.93 209,122,911.28
. 133,388,980.00 6,611,020.00 3,073,858.35 66,049,052.93 209,122,911.28
.
– 5,892,995.70 5,892,995.70
5,892,995.70 5,892,995.70
1.
2.
3.
4.
1.
2.
3.
1.
2.
3.
4.
1.
2.
. 133,388,980.00 6,611,020.00 3,073,858.35 71,942,048.63 215,015,906.98
– III-9 –
2016 1-5
. 37,000,000.00 80,931.05 39,112,707.24 76,193,638.29
. 37,000,000.00 80,931.05 39,112,707.24 76,193,638.29
.
- 14,100,654.98 14,100,654.98
14,100,654.98 14,100,654.98
1.
2.
3.
4.
1.
2.
3.
1.
2.
3.
4.
1.
2.
. 37,000,000.00 80,931.05 53,213,362.22 90,294,293.27
– III-10 –
2016
. 37,000,000.00 80,931.05 39,112,707.24 76,193,638.29
. 37,000,000.00 80,931.05 39,112,707.24 76,193,638.29
.
– 96,388,980.00 6,611,020.00 2,992,927.30 26,936,345.69 132,929,272.99
29,929,272.99 29,929,272.99
96,388,980.00 6,611,020.00 103,000,000.00
1. 96,388,980.00 6,611,020.00 103,000,000.00
2.
3.
4.
2,992,927.30 -2,992,927.30
1. 2,992,927.30 -2,992,927.30
2.
3.
1.
2.
3.
4.
1.
2.
. 133,388,980.00 6,611,020.00 3,073,858.35 66,049,052.93 209,122,911.28
– III-11 –
2015
. 37,000,000.00 38,384,327.79 75,384,327.79
. 37,000,000.00 38,384,327.79 75,384,327.79
.
– 80,931.05 728,379.45 809,310.50
809,310.50 809,310.50
1.
2.
3.
4.
80,931.05 -80,931.05
1. 80,931.05 -80,931.05
2.
3.
1.
2.
3.
4.
1.
2.
. 37,000,000.00 80,931.05 39,112,707.24 76,193,638.29
– III-12 –
2014
. 37,000,000.00 45,622,744.53 82,622,744.53
. 37,000,000.00 45,622,744.53 82,622,744.53
.
– -7,238,416.74 -7,238,416.74
-7,238,416.74 -7,238,416.74
1.
2.
3.
4.
1.
2.
3.
1.
2.
3.
4.
1.
2.
. 37,000,000.00 38,384,327.79 75,384,327.79
– III-13 –
.
2010 12 24
340881000046390(1-1) 10,000.00
5,000.00 50%
4,000.00 40% 1,000.00
10%
2013 9 4 40%
2016 8 28 40%
2016 10 21 10,000.00 13,338.898
3,338.898
9,000.00 67.47%
1,000.00 7.5% 3,338.898
25.03%
91340881567507232G
13,338.898
– III-14 –
.
1.
15
2. 12
.
2017 5 31 2016 12 31 2015 12 31 2014 12 31 2017
1-5 2016 2015 2014
1 1 12 31
12
1.
– III-15 –
2.
3.
4.
– III-16 –
5.
50%
12
20% 6
– III-17 –
1.
500.00
2.
(1)
(2)
(3)
– III-18 –
(%) (%)
1 1 0 0
1 2 30 30
2 3 50 50
3 4 100 100
4 5 100 100
5 100 100
3.
1.
2.
3.
– III-19 –
4.
5.
1.
2.
(%) (%)
30-50 3-5 1.90-3.23
4-28 3-5 3.39-24.25
4-10 3-5 9.50-24.25
6-12 3-5 7.92-16.17
4-28 3-5 3.39-24.25
– III-20 –
1.
2.
3
1.
– III-21 –
2.
3.
(1)
(2) (3)
(4)
(5)
– III-22 –
1.
2.
3.
4.
– III-23 –
1.
2.
3.
– III-24 –
1.
2.
1.
2.
– III-25 –
1.
2.
.
17%
7%
25%
.
2017 2016 2015 2014
5 31 12 31 12 31 12 31
30,075.62 7,087.97 24,933.82 26,580.88
3,971,269.87 17,132,347.89 4,544,720.28 1,407,512.13
4,001,345.49 17,139,435.86 4,569,654.10 1,434,093.01
2017 2016 2015 2014
5 31 12 31 12 31 12 31
19,960,036.60 17,920,000.00 7,954,898.52 4,610,000.00
4,000,000.00 5,000,000.00 1,000,000.00
4,104,089.18
23,960,036.60 17,920,000.00 12,954,898.52 9,714,089.18
– III-26 –
2017 5 31 55,741,815.67
1.
2017 2016 2015 2014
5 31 12 31 12 31 12 31
115,880,068.62 87,838,039.32 70,837,675.73 27,690,494.23
2,446,818.90 2,701,295.59 616,046.98 764,806.87
113,433,249.72 85,136,743.73 70,221,628.75 26,925,687.36
3–6
1.
2017 2016 2015 2014
5 31 12 31 12 31 12 31
1 110,219,971.68 79,513,053.17 68,651,437.15 24,451,619.59
1 2 2,996,404.40 6,751,322.96 661,565.59 3,238,874.64
2 3 2,231,561.95 487,564.20 1,524,672.99
3 4 432,130.59 1,086,098.99
115,880,068.62 87,838,039.32 70,837,675.73 27,690,494.23
2.
2017 5 31
(%) (%)
115,880,068.62 100.00 2,446,818.90 2.11
115,880,068.62 100.00 2,446,818.90 2.11
– III-27 –
2016 12 31
(%) (%)
87,838,039.32 100.00 2,701,295.59 3.08
87,838,039.32 100.00 2,701,295.59 3.08
2015 12 31
(%) (%)
70,837,675.73 100.00 616,046.98 0.87
70,837,675.73 100.00 616,046.98 0.87
2014 12 31
(%) (%)
27,690,494.23 100.00 764,806.87 2.76
27,690,494.23 100.00 764,806.87 2.76
– III-28 –
(1)
2017 5 31 2016 12 31
(%) (%)
1 66,447,835.49 46,175,026.84
1 2 2,996,357.76 30.00 898,907.33 6,751,276.32 30.00 2,025,382.90
2 3 2,231,561.95 50.00 1,115,780.98 487,564.20 50.00 243,782.10
3 4 432,130.59 100.00 432,130.59 432,130.59 100.00 432,130.59
72,107,885.79 3.39 2,446,818.90 53,845,997.95 5.02 2,701,295.59
2015 12 31 2014 12 31
(%) (%)
1 48,424,762.73 15,579,230.85
1 2 661,565.59 30.00 198,469.68 2,549,356.24 30.00 764,806.87
2 3 835,154.59 50.00 417,577.30
49,921,482.91 1.23 616,046.98 18,128,587.09 4.22 764,806.87
2017 5 31 2016 12 31
(%) (%)
43,772,182.83 33,992,041.37
43,772,182.83 33,992,041.37
2015 12 31 2014 12 31
(%) (%)
20,916,192.82 9,561,907.14
20,916,192.82 9,561,907.14
– III-29 –
2. 2017 5 31
(%)
37,824,907.28 32.64
18,261,257.28 15.76
15,139,525.29 13.06
6,722,957.25 5.80
5,434,701.01 4.69
83,383,348.11 71.95
1.
2017 5 31 2016 12 31
(%) (%)
1 939,079.80 95.49 1,341,361.60 98.51
1 2 44,349.91 4.51 17,750.00 1.30
2 3 2,640.00 0.19
983,429.71 100.00 1,361,751.60 100.00
2015 12 31 2014 12 31
(%) (%)
1 490,113.77 97.41 1,061,719.01 99.14
1 2 13,040.00 2.59
2 3
3 9,180.00 0.86
503,153.77 100.00 1,070,899.01 100.00
– III-30 –
2. 2017 5 31
(%)
550,688.38 56.00
92,757.72 9.43
80,700.00 8.21
67,216.00 6.83
44,000.00 4.47
835,362.10 84.94
1.
2017 5 31
(%) (%)
301,526.15 100.00 91,060.00 30.20
301,526.15 100.00 91,060.00 30.20
– III-31 –
2016 12 31
(%) (%)
235,891.66 100.00 87,074.00 36.91
235,891.66 100.00 87,074.00 36.91
2015 12 31
(%) (%)
344,291.15 100.00 67,085.60 19.49
344,291.15 100.00 67,085.60 19.49
2014 12 31
(%) (%)
747,770.14 100.00 54,852.00 7.34
747,770.14 100.00 54,852.00 7.34
– III-32 –
(1)
2017 5 31 2016 12 31
(%) (%)
1 122,015.17 136,889.66
1 2 5,160.00 30.00 1,548.00 2,360.00 30.00 708.00
2 3 15,700.00 50.00 7,850.00 20,552.00 50.00 10,276.00
3 4 7,912.00 100.00 7,912.00 30,340.00 100.00 30,340.00
4 5 28,000.00 100.00 28,000.00
5 45,750.00 100.00 45,750.00 45,750.00 100.00 45,750.00
224,537.17 40.55 91,060.00 235,891.66 36.91 87,074.00
2015 12 31 2014 12 31
(%) (%)
1 247,649.15 671,680.14
1 2 20,552.00 30.00 6,165.60 30,340.00 30.00 9,102.00
2 3 30,340.00 50.00 15,170.00
3 4 45,750.00 100.00 45,750.00
4 5 45,750.00 100.00 45,750.00
344,291.15 19.49 67,085.60 747,770.14 7.34 54,852.00
2017 5 31 2016 12 31
(%) (%)
76,988.98
76,988.98
– III-33 –
2.
2017 2016 2015 2014
5 31 12 31 12 31 12 31
61,867.42 88,259.72 209,311.11 621,664.77
42,223.75 42,185.94 35,978.04 29,463.37
197,434.98 105,446.00 99,002.00 96,642.00
301,526.15 235,891.66 344,291.15 747,770.14
3. 2017 5 31
(%)
76,988.98 1 25.53
45,750.00 5 15.17 45,750.00
31,696.00 0-4 10.51 17,310.00
30,916.72 1 10.25
28,000.00 4-5 9.29 28,000.00
213,351.70 70.75 91,060.00
– III-34 –
1.
2017 5 31
8,515,424.67 8,515,424.67
2,369,188.30 2,369,188.30
7,194,812.68 69,176.43 7,125,636.25
7,573.81 7,573.81
18,086,999.46 69,176.43 18,017,823.03
2016 12 31
9,744,114.75 9,744,114.75
4,050,277.77 4,050,277.77
15,371,833.98 143,292.84 15,228,541.14
6,663.93 6,663.93
29,172,890.43 143,292.84 29,029,597.59
2015 12 31
6,745,736.73 6,745,736.73
2,464,310.64 2,464,310.64
3,774,521.02 3,774,521.02
7,483.27 7,483.27
12,992,051.66 12,992,051.66
– III-35 –
2014 12 31
6,483,301.74 6,483,301.74
1,303,776.97 1,303,776.97
14,423,370.08 14,423,370.08
33,603.74 33,603.74
22,244,052.53 22,244,052.53
2017 2016 2015 2014
5 31 12 31 12 31 12 31
1,593,532.21 2,618,373.40 15,462,477.32 20,508,322.82
1,593,532.21 2,618,373.40 15,462,477.32 20,508,322.82
1.
.
1. 2015 1 1 733,889.85 698,100.65 514,311.18 1,946,301.68
2. 118,409,499.57 155,704,900.16 – 83,030.47 274,197,430.20
(1) 365,837.61 83,030.47 448,868.08
(2) 118,409,499.57 155,339,062.55 273,748,562.12
3.
4. 2015 12 31 118,409,499.57 156,438,790.01 698,100.65 597,341.65 276,143,731.88
.
1. 2015 1 1 78,682.46 214,368.20 117,282.85 410,333.51
2. 794,060.80 2,964,288.85 82,848.12 106,124.34 3,947,322.11
(1) 794,060.80 2,964,288.85 82,848.12 106,124.34 3,947,322.11
3.
4. 2015 12 31 794,060.80 3,042,971.31 297,216.32 223,407.19 4,357,655.62
.
.
1. 2015 1 1 655,207.39 483,732.45 397,028.33 1,535,968.17
2. 2015 12 31 117,615,438.77 153,395,818.70 400,884.33 373,934.46 271,786,076.26
– III-36 –
.
1. 2016 1 1 118,409,499.57 156,438,790.01 698,100.65 597,341.65 276,143,731.88
2. 302,529.92 2,135,567.91 268,794.87 166,000.00 2,872,892.70
(1) 2,135,567.91 268,794.87 166,000.00 2,570,362.78
(2) 302,529.92 302,529.92
3. 63,473.57 26,320.00 89,793.57
(1) 26,320.00 26,320.00
(2) 63,473.57 63,473.57
4. 2016 12 31 118,648,555.92 158,574,357.92 966,895.52 737,021.65 278,926,831.01
.
1. 2016 1 1 794,060.80 3,042,971.31 297,216.32 223,407.19 4,357,655.62
2. 3,212,624.55 11,528,191.05 114,871.56 116,899.33 14,972,586.49
(1) 3,212,624.55 11,528,191.05 114,871.56 116,899.33 14,972,586.49
3. 7,069.62 7,069.62
(1) 7,069.62 7,069.62
4. 2016 12 31 4,006,685.35 14,571,162.36 412,087.88 333,236.90 19,323,172.49
.
. 2016 12 31 114,641,870.57 144,003,195.56 554,807.64 403,784.75 259,603,658.52
.
1. 2017 1 1 118,648,555.92 158,574,357.92 966,895.52 737,021.65 278,926,831.01
2. 20,460.00 20,776,243.55 3,000.00 20,799,703.55
(1) 19,739,829.04 3,000.00 19,742,829.04
(2) 20,460.00 1,036,414.51 1,056,874.51
3. 12,298,249.52 12,298,249.52
(1) 12,298,249.52 12,298,249.52
4. 2017 5 31 118,669,015.92 167,052,351.95 966,895.52 740,021.65 287,428,285.04
.
1. 2017 1 1 4,006,685.35 14,571,162.36 412,087.88 333,236.90 19,323,172.49
2. 1,324,730.92 4,955,046.82 61,130.75 45,099.85 6,386,008.34
(1) 1,324,730.92 4,955,046.82 61,130.75 45,099.85 6,386,008.34
3. 1,039,667.72 1,039,667.72
(1) 1,039,667.72 1,039,667.72
4. 2017 5 31 5,331,416.27 18,486,541.46 473,218.63 378,336.75 24,669,513.11
.
. 2017 5 31 113,337,599.65 148,565,810.49 493,676.89 361,684.90 262,758,771.93
– III-37 –
1.
2017 5 31 2016 12 31
1,777,649.57 1,777,649.57 1,728,535.21 1,728,535.21
1# 12,791,036.41 12,791,036.41
4# 240,000.00 240,000.00
14,808,685.98 14,808,685.98 1,728,535.21 1,728,535.21
2015 12 31 2014 12 31
700 m2/a
213,559,520.01 213,559,520.01
213,559,520.01 213,559,520.01
.
1. 2015 1 1 51,880,051.60 12,316,037.70 64,196,089.30
2. 55,555.56 55,555.56
(1) 55,555.56 55,555.56
3.
4. 2015 12 31 51,880,051.60 12,316,037.70 55,555.56 64,251,644.86
.
1. 2015 1 1 3,692,073.60 3,578,105.34 7,270,178.94
2. 1,037,601.00 1,231,603.77 4,629.63 2,273,834.40
(1) 1,037,601.00 1,231,603.77 4,629.63 2,273,834.40
3.
4. 2015 12 31 4,729,674.60 4,809,709.11 4,629.63 9,544,013.34
.
.
1. 2014 12 31 48,187,978.00 8,737,932.36 56,925,910.36
2. 2015 12 31 47,150,377.00 7,506,328.59 50,925.93 54,707,631.52
– III-38 –
.
1. 2016 1 1 51,880,051.60 12,316,037.70 55,555.56 64,251,644.86
2.
3.
4. 2016 12 31 51,880,051.60 12,316,037.70 55,555.56 64,251,644.86
.
1. 2016 1 1 4,729,674.60 4,809,709.11 4,629.63 9,544,013.34
2. 1,037,601.00 1,231,603.75 18,518.52 2,287,723.27
(1) 1,037,601.00 1,231,603.75 18,518.52 2,287,723.27
3.
4. 2016 12 31 5,767,275.60 6,041,312.86 23,148.15 11,831,736.61
.
. 2016 12 31
46,112,776.00 6,274,724.84 32,407.41 52,419,908.25
.
1. 2017 1 1 51,880,051.60 12,316,037.70 55,555.56 64,251,644.86
2.
3.
4. 2017 5 31 51,880,051.60 12,316,037.70 55,555.56 64,251,644.86
.
1. 2017 1 1 5,767,275.60 6,041,312.86 23,148.15 11,831,736.61
2. 432,333.75 513,168.20 7,716.05 953,218.00
(1) 432,333.75 513,168.20 7,716.05 953,218.00
3.
4. 2017 5 31 6,199,609.35 6,554,481.06 30,864.20 12,784,954.61
.
. 2017 5 31 45,680,442.25 5,761,556.64 24,691.36 51,466,690.25
1.
2017 5 31 2016 12 31
634,469.73 2,537,878.90 697,092.40 2,788,369.59
17,294.11 69,176.43 35,823.21 143,292.84
651,763.84 2,607,055.33 732,915.61 2,931,662.43
– III-39 –
2015 12 31 2014 12 31
170,783.15 683,132.58 204,914.72 819,658.87
170,783.15 683,132.58 204,914.72 819,658.87
2017 2016 2015 2014
5 31 12 31 12 31 12 31
735,160.00 11,142.00
735,160.00 11,142.00
1.
2017 2016 2015 2014
5 31 12 31 12 31 12 31
131,600,000.00
131,600,000.00
2016 1 29
M59-JXHZ2016-5
131,600,000.00 6.11325%
2017 3 9
131,600,000.00
– III-40 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
760,000.00
50,000,000.00 50,000,000.00 90,300,000.00
50,000,000.00 50,000,000.00 91,060,000.00
2017 2016 2015 2014
5 31 12 31 12 31 12 31
1 1 51,187,776.60 32,120,994.91 98,494,589.20 21,380,379.03
1 39,025,014.50 39,815,775.36 53,784,969.88 146,608,170.86
90,212,791.10 71,936,770.27 152,279,559.08 167,988,549.89
2017 5 31 1
38,961,654.50
38,961,654.50
2017 2016 2015 2014
5 31 12 31 12 31 12 31
1 1 830,684.62 77,335.05 446,309.41 2,380,158.80
1 50,000.00 30,000.00
830,684.62 77,335.05 496,309.41 2,410,158.80
1.
2015 2015
1 1 12 31
. 16,745,757.81 15,511,951.01 1,233,806.80
.
1,186,274.79 1,186,274.79
17,932,032.60 16,698,225.80 1,233,806.80
– III-41 –
2016 2016
1 1 12 31
. 1,233,806.80 21,884,233.29 21,314,824.91 1,803,215.18
.
1,398,969.72 1,398,969.72
1,233,806.80 23,283,203.01 22,713,794.63 1,803,215.18
2017 2017
1 1 5 31
. 1,803,215.18 8,650,252.06 9,133,625.85 1,319,841.39
.
612,646.81 612,646.81
. 20,134.67 20,134.67
1,803,215.18 9,283,033.54 9,766,407.33 1,319,841.39
2.
2015 2015
1 1 12 31
1. 15,464,433.64 14,230,626.84 1,233,806.80
2. 912,438.59 912,438.59
3. 337,391.08 337,391.08
262,185.08 262,185.08
50,040.75 50,040.75
25,165.25 25,165.25
4. 31,494.50 31,494.50
16,745,757.81 15,511,951.01 1,233,806.80
– III-42 –
2016 2016
1 1 12 31
1. 1,233,806.80 19,332,149.69 18,762,741.31 1,803,215.18
2. 1,283,208.53 1,283,208.53
3. 467,320.95 467,320.95
307,048.01 307,048.01
137,571.46 137,571.46
22,701.48 22,701.48
4. 37,838.34 37,838.34
5. 763,715.78 763,715.78
1,233,806.80 21,884,233.29 21,314,824.91 1,803,215.18
2017 2017
1 1 5 31
1. 1,803,215.18 7,698,395.39 8,181,769.18 1,319,841.39
2. 718,106.14 718,106.14
3. 215,677.09 215,677.09
142,715.61 142,715.61
60,152.86 60,152.86
12,808.62 12,808.62
4. 18,073.44 18,073.44
1,803,215.18 8,650,252.06 9,133,625.85 1,319,841.39
3.
2015 2015
1 1 12 31
1. 1,134,264.08 1,134,264.08
2. 52,010.71 52,010.71
1,186,274.79 1,186,274.79
– III-43 –
2016 2016
1 1 12 31
1. 1,347,979.25 1,347,979.25
2. 50,990.47 50,990.47
1,398,969.72 1,398,969.72
2017 1 1 2017 5 31
1. 591,843.91 591,843.91
2. 20,802.90 20,802.90
612,646.81 612,646.81
2017 2016 2015 2014
5 31 12 31 12 31 12 31
851,659.79 2,812,550.77
74,938.61 74,938.61 221,725.61
332,564.40 332,564.40 332,564.40 660,515.16
34,082.62 44,595.64 11,611.70 10,759.44
5,147.40
1,293,245.42 3,269,796.82 565,901.71 671,274.60
2017 2016 2015 2014
5 31 12 31 12 31 12 31
420,206.11
420,206.11
– III-44 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
132,919,838.33 121,514,535.03 108,278,077.15
192,500.00 192,500.00 197,500.00 3,500.00
100,987.07 152,162.72 115,452.28 80,487.08
133,213,325.40 344,662.72 121,827,487.31 108,362,064.23
2017 2016 2015 2014
5 31 12 31 12 31 12 31
90,000,000.00 90,000,000.00 15,000,000.00 15,000,000.00
10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00
12,000,000.00 12,000,000.00
33,388,980.00 33,388,980.00
133,388,980.00 133,388,980.00 37,000,000.00 37,000,000.00
1. 2016 9 28
40%
2. 2016 10 21 (1)
6,300.00 6,300.00
6,300.00 (2)
10,000.00 13,338.898
4,000.00 3,338.898
661.102
– III-45 –
2016 2016
1 1 12 31
. 6,611,020.00 6,611,020.00
6,611,020.00 6,611,020.00
2017 2017
1 1 5 31
. 6,611,020.00 6,611,020.00
6,611,020.00 6,611,020.00
2
2015 2015 2016 2017
1 1 12 31 12 31 5 31
80,931.05 80,931.05 2,992,927.30 3,073,858.35 3,073,858.35
80,931.05 80,931.05 2,992,927.30 3,073,858.35 3,073,858.35
– III-46 –
2017 5 31
66,049,052.93
+ -
66,049,052.93
5,892,995.70 –
71,942,048.63
2016 12 31
39,112,707.24
+ -
39,112,707.24
29,929,272.99 –
2,992,927.30 10%
66,049,052.93
– III-47 –
2015 12 31
38,384,327.79
+ -
38,384,327.79
809,310.50 –
80,931.05 10%
39,112,707.24
2014 12 31
45,622,744.53
+ -
45,622,744.53
-7,238,416.74 –
38,384,327.79
– III-48 –
2017 1–5 2016 1–5 2016 2015 2014
. 102,689,576.26 81,434,969.88 93,419,982.97 66,392,927.42 232,365,982.64 162,750,998.98 69,089,292.06 52,782,206.56 5,545,249.46 5,784,194.00
102,689,576.26 81,434,969.88 93,419,982.97 66,392,927.42 232,365,982.64 162,750,998.98 69,089,292.06 52,782,206.56 5,545,249.46 5,784,194.00
. 4,216,653.97 3,726,335.67 706,851.13 330,480.68 186,410.27 23,313.68
1,886,792.46 1,774,667.85 326,028.30
335,777.78 330,480.68 186,410.27 23,313.68
2,329,861.51 1,951,667.82 45,045.05
106,906,230.23 85,161,305.55 93,419,982.97 66,392,927.42 233,072,833.77 163,081,479.66 69,275,702.33 52,782,206.56 5,568,563.14 5,784,194.00
2017 1–5 2016 1–5 2016
135,790.17
58,195.79
374,693.05 654,952.68
1,662,822.00 2,660,515.20
23,498.90 86,146.44
2,061,013.95 3,595,600.28
2016 12 3 [2016]22
2016 5 1
2017 1–5 2016 1–5 2016 2015 2014
366,817.74 469,506.09 1,004,172.61 803,224.71 314,802.49
4,998,599.10 4,584,532.85 9,705,288.07 3,426,854.69 217,986.47
134,301.09 129,837.67 401,536.72 84,784.42 144,748.70
5,499,717.93 5,183,876.61 11,110,997.40 4,314,863.82 677,537.66
– III-49 –
2017 1–5 2016 1–5 2016 2015 2014
840,993.02 1,256,200.50 3,689,132.24 2,672,235.68 2,622,480.29
953,218.00 432,333.75 2,287,723.27 2,273,834.40 2,269,204.77
1,692,337.24 1,624,064.66 4,229,826.71 3,990,772.80
2,024,310.44 1,409,072.96 4,349,886.75 1,136,276.02 617,951.41
3,818,521.46 4,789,944.45 11,950,806.92 10,312,172.81 9,500,409.27
2017 1–5 2016 1–5 2016 2015 2014
2,618,657.22 2,876,443.78 9,479,856.47 2,328,034.72
7,515.25 3,944.05 4,164,236.92 3,115.59 5,526.17
340,391.72 7,087.35 565,102.00 660,189.23 62,307.22
2,951,533.69 2,879,587.08 5,880,721.55 2,985,108.36 56,781.05
2017 1–5 2016 1–5 2016 2015 2014
. -250,490.69 2,105,237.01 -136,526.29 789,283.87
. 143,292.84
-250,490.69 2,248,529.85 -136,526.29 789,283.87
– III-50 –
1.
2017 1–5 2016 1–5 2016 2015 2014
27,253.89 27,253.89
27,253.89 27,253.89
200,000.00 200,000.00 75,399.00 75,399.00 1,825,565.00 1,825,565.00 3,788,510.00 3,788,510.00
200.00 200.00 5,000.00 5,000.00 15,395.00 15,395.00
200,200.00 200,200.00 107,652.89 107,652.89 1,825,565.00 1,825,565.00 3,803,905.00 3,803,905.00
2.
2017 1–5 2016 1–5 2016 2015 2014
150,000.00
50,000.00
20,000.00
2016
35,399.00
20,000.00
1,580,000.00
– III-51 –
2017 1–5 2016 1–5 2016 2015 2014
100,000.00
19,800.00 12,600.00
100,000.00 10,000.00
2015
25,765.00
3,671,510.00
78,800.00
2014
15,600.00
200,000.00 75,399.00 1,825,565.00 3,788,510.00
2017 1–5 2016 1–5 2016 2015 2014
8,019.40 8,019.40
8,019.40 8,019.40
– III-52 –
1.
2017 1–5 2016 1–5 2016 2015 2014
1,890,680.87 72,992.43 5,937,191.07
81,151.77 -562,132.46 34,131.57 -197,320.97
1,971,832.64 72,992.43 5,375,058.61 34,131.57 -197,320.97
1.
2017 1–5 2016 2015 2014
1,705,393.77 4,162,495.52 2,673,567.90 509,864.27
200,000.00 75,399.00 1,825,565.00 117,000.00
1,505,393.77 4,087,096.52 848,002.90 392,864.27
848,725.74 4,098,575.36 229,246.83 486,690.37
848,725.74 4,098,575.36 229,246.83 486,690.37
2.
2017 1-5 2016 2015 2014
174,689,560.48 127,375,000.00 39,727,317.79
29,000,000.00 118,375,000.00 33,500,000.00
9,000,000.00
6,227,317.79
131,600,000.00
4,089,560.48
– III-53 –
2017 1-5 2016 2015 2014
10,000,000.00
123,879,202.20 107,975,000.00
123,879,202.20 99,375,000.00
8,600,000.00
1.
2017 1-5 2016 2015 2014
1.
5,892,995.70 29,929,272.99 809,310.50 -7,238,416.74
-250,490.69 2,248,529.85 -136,526.29 789,283.87
6,386,008.34 14,972,586.49 3,947,322.11 205,788.27
953,218.00 2,287,723.27 2,273,834.40 2,269,204.77
-27,253.89
2,618,657.22 4,378,257.32 2,328,034.72
81,151.77 -562,132.46 34,131.57 -197,320.97
– III-54 –
2017 1-5 2016 2015 2014
11,011,774.56 -16,180,838.77 9,252,000.87 -16,422,651.98
-33,769,378.50 -20,645,976.40 -45,416,766.61 -28,736,276.40
-3,123,131.43 -25,296,681.34 29,799,243.88 48,745,270.29
-10,199,195.03 -8,896,512.94 2,890,585.15 -585,118.89
2.
3.
4,001,345.49 17,139,435.86 4,569,654.10 1,434,093.01
17,139,435.86 4,569,654.10 1,434,093.01 570,499.94
-13,138,090.37 12,569,781.76 3,135,561.09 863,593.07
2.
2017 1-5 2016 2015 2014
. 4,001,345.49 17,139,435.86 4,569,654.10 1,434,093.01
30,075.62 7,087.97 24,933.82 26,580.88
3,971,269.87 17,132,347.89 4,544,720.28 1,407,512.13
.
. 4,001,345.49 17,139,435.86 4,569,654.10 1,434,093.01
– III-55 –
.
(%) (%)
32,318 67.47 67.47
– III-56 –
1.
2017 1-5 2016 2015 2014
9,202,780.00 23,246,128.14 3,292,478.64
2,737,777.71 10,721,534.44 5,958,244.34
17,094,017.09
1,282,051.28 1,196,581.20
34,188.03
84,905.66 292,452.83
– III-57 –
2017 1-5 2016 2015 2014
11,794.87 34,080.34 58,311.97 6,153.85
3,760.68
94,871.79
5,939,874.44
3,020,410.26 155,025.64
96,923.08
23,247.86
5,641.03 6,358.97 7,880.34
9,743.59 4,871.79
17,094.02
544,415.40
9,689.08 87,608.97
3,730,375.89 4,979,224.22 3,166,077.78
10,736,414.68 39,923,353.96 33,030,463.25 9,978,077.37
8,460,147.38 4,942,467.28
1,886,792.46
1,076,108.24
326,028.30
438,058.03
– III-58 –
2017 1-5 2016 2015 2014
46,504.27 11,463.77
9,345,898.30 1,381,103.60 265,269.03
2,329,861.51 54,177.78
1,319,838.33
5,005,800.80
2013 2014 2015
2,598,793.80 5,414,624.22 14,834,043.55 2014
2015
4,942,467.28 8,460,147.38
2017 2016 2015 2014
5 31 12 31 12 31 12 31
4,000,000.00 5,000,000.00
6,500,000.00
37,824,907.28 33,274,638.33 18,967,627.78 8,872,388.74
717,356.40 689,518.40 689,518.40
5,434,701.01
512,527.90
46.64 46.64 1,259,046.64
– III-59 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
76,988.98
44,000.00 247,174.36
50,000,000.00 50,000,000.00 90,000,000.00
56,598,406.71 38,961,654.50 103,700,000.00 144,107,000.00
30,704.62 4,488,113.34 3,292,478.64
3,440,183.11 2,689,013.55 2,333,931.07
1,868,563.42 1,868,563.42
1,082,051.28 250,000.00
500,000.00 960,000.00
26,674.00 35,274.00
– III-60 –
2017 2016 2015 2014
5 31 12 31 12 31 12 31
60,400.00 755,360.80
11,336.22 102,502.50
5,550.00
32,564.29
2,000,000.00
121,114,535.03 108,278,077.15
132,919,838.33
400,000.00
– III-61 –
.
.
.
.
2017 5 31
– III-62 –
2016 12 31 2017 5 31 2016 10 28
2016 12 31 2017 5 31
1
70.99%
12 31
1
3.340
– IV-1 –
2016 12 31 2017 5
31 2016 10 28 2016 12 31
2017 5 31
– IV-2 –
2017 5 31 2016 12 31
47,485,346.63 32,016,695.93
42,970,974.46
99,061,741.56 33,347,754.21
7,160,431.14 1,700,398.32
686,723.30 803.25
21,904,164.79 18,693,469.47
24,894,300.31 23,745,076.59
244,163,682.19 109,504,197.77
273,053,224.80 283,697,640.09
94,040,700.17 49,167,503.96
54,908,694.10 55,518,607.10
2,011,520.54
424,014,139.61 388,383,751.15
668,177,821.80 497,887,948.92
– IV-3 –
2017 5 31 2016 12 31
175,000,000.00 100,000,000.00
81,494,723.74 16,635,433.48
28,778,166.33 31,987,007.38
18,945,481.57 15,000,000.00
2,568,630.60 2,155,640.80
1,623,005.86 582,535.61
279,766.66
4,890,835.33 10,511,400.96
313,580,610.09 176,872,018.23
30,000,000.00
30,000,000.00
343,580,610.09 176,872,018.23
313,700,000.00 313,700,000.00
6,776,785.31 6,776,785.31
53,914.54 53,914.54
4,066,511.86 485,230.84
324,597,211.71 321,015,930.69
668,177,821.80 497,887,948.92
– IV-4 –
2016 10 28
2017 1–5 2016 12 31
. 110,801,652.03 37,110,963.00
90,346,690.55 32,710,082.72
1,107,700.16 379,941.66
2,722,317.06 777,570.36
9,409,972.49 1,601,379.72
2,420,299.86 919,470.70
. 4,794,671.91 722,517.84
. 4,794,671.91 722,517.84
1,213,390.89 183,372.46
. 3,581,281.02 539,145.38
.
. 3,581,281.02 539,145.38
.
– IV-5 –
2016 10 28
2017 1–5 2016 12 31
.
9,712,038.51 2,283,360.48
794,022.31 461,851.10
10,506,060.82 2,745,211.58
75,313,222.26 21,479,140.47
10,395,446.93 2,077,311.48
1,160,941.83 3,717.80
13,690,577.56 430,313.52
100,560,188.58 23,990,483.27
-90,054,127.76 -21,245,271.69
.
12,313,948.65 16,249,341.19
12,313,948.65 16,249,341.19
-12,313,948.65 -16,249,341.19
.
222,700,000.00
230,000,000.00
230,000,000.00 222,700,000.00
125,000,000.00 99,000,000.00
2,335,520.84 824,124.67
60,000,000.00
127,335,520.84 159,824,124.67
102,664,479.16 62,875,875.33
.
. 296,402.75 25,381,262.45
25,381,262.45
. 25,677,665.20 25,381,262.45
– IV-6 –
2017 1–5
. 313,700,000.00 6,776,785.31 53,914.54 485,230.84 321,015,930.69
. 313,700,000.00 6,776,785.31 53,914.54 485,230.84 321,015,930.69
.
– 3,581,281.02 3,581,281.02
3,581,281.02 3,581,281.02
1.
2.
3.
4.
1.
2.
3.
1.
2.
3.
4.
1.
2.
. 313,700,000.00 6,776,785.31 53,914.54 4,066,511.86 324,597,211.71
– IV-7 –
2016 10 28 2016 12 31
.
.
.
– 313,700,000.00 6,776,785.31 53,914.54 485,230.84 321,015,930.69
539,145.38 539,145.38
313,700,000.00 6,776,785.31 320,476,785.31
1. 313,700,000.00 6,776,785.31 320,476,785.31
2.
3.
4.
53,914.54 –53,914.54
1. 53,914.54 –53,914.54
2.
3.
1.
2.
3.
4.
1.
2.
. 313,700,000.00 6,776,785.31 53,914.54 485,230.84 321,015,930.69
– IV-8 –
.
2016 10 28
91320282MA1MXWBJ1H 31,370.00
160,000,000.00 51.00% 91,000,000.00
29.01% 40,000,000.00
12.75% 22,700,000.00 7.24%
1
31,370.00
.
1.
–
15 –
2. 12
– IV-9 –
.
2017 5 31 2016 12 31 2017 1-5 2016 10 28
2016 12 31
1 1 12 31
12
1.
– IV-10 –
2.
3.
4.
5.
– IV-11 –
50%
12
20% 6
1.
500.00
– IV-12 –
2.
(1)
(2)
(3)
(%) (%)
1 1 0 0
1 2 30 30
2 3 50 50
3 100 100
3.
– IV-13 –
1.
2.
3.
4.
5.
1.
– IV-14 –
2.
(%) (%)
30-50 3-5 1.90-3.23
4-28 3-5 3.39-24.25
4-10 3-5 9.50-24.25
6-12 3-5 7.92-16.17
4-28 3-5 3.39-24.25
1.
2.
3
– IV-15 –
1.
2.
– IV-16 –
3.
(1)
(2) (3)
(4)
(5)
– IV-17 –
1.
2.
3.
4.
– IV-18 –
1.
2.
3.
1.
– IV-19 –
2.
1.
2.
3.
1.
2.
– IV-20 –
.
17%
5%
25%
.
2017 5 31 2016 12 31
109,719.53 193,750.06
25,567,945.67 25,187,512.39
21,807,681.43 6,635,433.48
47,485,346.63 32,016,695.93
2017 5 31 2016 12 31
36,766,457.02
6,204,517.44
42,970,974.46
2017 5 31 24,752,868.72
18,971,450.83
– IV-21 –
1.
2017 5 31 2016 12 31
1 99,061,741.56 33,347,754.21
99,061,741.56 33,347,754.21
3-6
2.
2017 5 31
(%) (%)
99,061,741.56 100.00
93,767,531.81 94.66
5,294,209.75 5.34
99,061,741.56 100.00
– IV-22 –
2016 12 31
(%) (%)
33,347,754.21 100.00
30,078,259.76 90.20
3,269,494.45 9.80
33,347,754.21 100.00
(1)
2017 5 31 2016 12 31
(%) (%)
1 93,767,531.81 30,078,259.76
93,767,531.81 30,078,259.76
2017 5 31 2016 12 31
(%) (%)
5,294,209.75 3,269,494.45
5,294,209.75 3,269,494.45
– IV-23 –
3. 2017 5 31
(%)
14,896,790.71 15.04
4,235,384.62 4.28
2,708,715.20 2.73
62,201,896.47 62.79
5,294,209.75 5.34
89,336,996.75 90.18
1.
2017 5 31 2016 12 31
(%) (%)
1 7,160,431.14 100.00 1,700,398.32 100.00
7,160,431.14 100.00 1,700,398.32 100.00
2. 2017 5 31
(%)
3,817,860.28 53.32
2,963,141.04 41.38
6,781,001.32 94.70
– IV-24 –
1.
2017 5 31
(%) (%)
686,723.30 100.00
686,723.30 100.00
686,723.30 100.00
2016 12 31
(%) (%)
803.25 100.00
803.25 100.00
803.25 100.00
– IV-25 –
(1)
2017 5 31 2016 12 31
(%) (%)
1 686,723.30 803.25
686,723.30 803.25
2.
2017 5 31 2016 12 31
686,187.80
535.50 803.25
686,723.30 803.25
3. 2017 5 31
(%)
72,000.00 10.48
43,935.00 6.40
81,810.00 11.91
201,800.50 29.39
65,223.50 9.50
464,769.00 67.68
– IV-26 –
1.
2017 5 31 2016 12 31
11,624,010.77 11,624,010.77 7,944,952.07 7,944,952.07
10,268,953.13 10,268,953.13 10,724,655.96 10,724,655.96
11,200.89 11,200.89 23,861.44 23,861.44
21,904,164.79 21,904,164.79 18,693,469.47 18,693,469.47
2017 5 31 2016 12 31
24,894,289.60 23,745,076.59
10.71
24,894,300.31 23,745,076.59
– IV-27 –
1.
.
1. 2016 10 28
2. 179,510,143.01 104,969,943.48 684,439.67 285,164,526.16
(1) 591,926.02 4,871.79 596,797.81
(2) 100,718,128.09 115,042.72 100,833,170.81
(3) 179,510,143.01 3,659,889.37 564,525.16 183,734,557.54
3.
4. 2016 12 31 179,510,143.01 104,969,943.48 684,439.67 285,164,526.16
.
1. 2016 10 28
2. 812,069.70 635,118.19 19,698.18 1,466,886.07
(1) 6,324.16 6,324.16
(2) 588,019.37 1,821.52 589,840.89
(3) 812,069.70 40,774.66 17,876.66 870,721.02
3.
4. 2016 12 31 812,069.70 635,118.19 19,698.18 1,466,886.07
.
. 2016 12 31
178,698,073.31 104,334,825.29 664,741.49 283,697,640.09
– IV-28 –
.
1. 2017 1 1 179,510,143.01 104,969,943.48 684,439.67 285,164,526.16
2. 255,792.12 1,544,715.49 95,281.79 1,895,789.40
(1) 19,345.00 426,461.54 95,281.79 541,088.33
(2) 236,447.12 1,118,253.95 1,354,701.07
3. 7,505,338.05 7,505,338.05
(1) 7,505,338.05 7,505,338.05
4. 2017 5 31 172,260,597.08 106,514,658.97 779,721.46 279,554,977.51
.
1. 2017 1 1 812,069.70 635,118.19 19,698.18 1,466,886.07
2. 2,030,910.83 3,065,896.19 56,894.14 5,153,701.16
(1) 2,030,910.83 3,065,896.19 56,894.14 5,153,701.16
3. 118,834.52 118,834.52
(1) 118,834.52 118,834.52
4. 2017 5 31
2,724,146.01 3,701,014.38 76,592.32 6,501,752.71
.
. 2017 5 31
169,536,451.07 102,813,644.59 703,129.14 273,053,224.80
2. 2017 5 31
6,224,902.37
6,224,902.37
1.
2017 5 31 2016 12 31
94,040,700.17 94,040,700.17 49,167,503.96 49,167,503.96
94,040,700.17 94,040,700.17 49,167,503.96 49,167,503.96
– IV-29 –
2.
2016 2016
10 28 12 31
(%) (%)
100,833,170.81 100,833,170.81
49,167,503.96 49,167,503.96
150,000,674.77 100,833,170.81 49,167,503.96 – –
2017 1 1 2017 5 31
(%) (%)
49,167,503.96 46,227,897.28 1,354,701.07 94,040,700.17 308,261.38 308,261.38
– IV-30 –
49,167,503.96 46,227,897.28 1,354,701.07 94,040,700.17 – 308,261.38 308,261.38 –
.
1. 2016 10 28
2. 55,762,572.30 55,762,572.30
(1) 55,762,572.30 55,762,572.30
3.
4.2016 12 31 55,762,572.30 55,762,572.30
.
1. 2016 10 28
2. 243,965.20 243,965.20
(1) 243,965.20 243,965.20
3.
4. 2016 12 31 243,965.20 243,965.20
.
. 2016 12 31 55,518,607.10 55,518,607.10
.
1. 2017 1 1 55,762,572.30 55,762,572.30
2.
3.
4 .2017 5 31 55,762,572.30 55,762,572.30
.
1. 2017 1 1 243,965.20 243,965.20
2. 609,913.00 609,913.00
(1) 609,913.00 609,913.00
3.
4. 2017 5 31 853,878.20 853,878.20
.
. 2017 5 31 54,908,694.10 54,908,694.10
2017 5 31 2016 12 31
40% 2,011,520.54
2,011,520.54
2017 5 31 2016 12 31
175,000,000.00 100,000,000.00
175,000,000.00 100,000,000.00
– IV-31 –
2017 5 31 2016 12 31
81,494,723.74 16,635,433.48
81,494,723.74 16,635,433.48
2017 5 31 2016 12 31
1 1 28,778,166.33 31,987,007.38
28,778,166.33 31,987,007.38
2017 5 31 2016 12 31
1 1 18,945,481.57 15,000,000.00
18,945,481.57 15,000,000.00
1.
2016 10 28 2016 12 31
. 4,034,895.82 2,101,615.02 1,933,280.80
.
450,863.68 228,503.68 222,360.00
4,485,759.50 2,330,118.70 2,155,640.80
2017 1 1 2017 5 31
. 1,933,280.80 14,244,564.23 13,903,484.43 2,274,360.60
.
222,360.00 1,309,833.76 1,237,923.76 294,270.00
. 108,800.00 108,800.00
2,155,640.80 15,663,197.99 15,250,208.19 2,568,630.60
– IV-32 –
2.
2016 10 28 2016 12 31
1.
3,623,389.36 1,822,389.36 1,801,000.00
2. 134,611.16 134,611.16
3. 259,619.30 130,650.50 128,968.80
202,003.70 101,941.70 100,062.00
46,370.85 23,023.05 23,347.80
11,244.75 5,685.75 5,559.00
4. 17,276.00 13,964.00 3,312.00
4,034,895.82 2,101,615.02 1,933,280.80
2017 1 1 2017 5 31
1.
1,801,000.00 12,359,799.31 12,080,299.31 2,080,500.00
2. 943,583.44 943,583.44
3. 128,968.80 759,742.67 718,034.87 170,676.60
100,062.00 589,452.39 557,092.89 132,421.50
23,347.80 137,542.92 129,992.37 30,898.35
5,559.00 32,747.36 30,949.61 7,356.75
4. 3,312.00 102,240.00 82,368.00 23,184.00
5.
79,198.81 79,198.81
1,933,280.80 14,244,564.23 13,903,484.43 2,274,360.60
3.
2016 10 28 2016 12 31
1. 428,200.50 216,958.50 211,242.00
2. 22,242.28 11,124.28 11,118.00
3. 420.90 420.90
450,863.68 228,503.68 222,360.00
– IV-33 –
2017 1 1 2017 5 31
1. 211,242.00 1,244,359.20 1,176,044.70 279,556.50
2. 11,118.00 65,474.56 61,879.06 14,713.50
222,360.00 1,309,833.76 1,237,923.76 294,270.00
2017 5 31 2016 12 31
271.46 14.08
1,213,390.89 183,372.46
0.70
286,764.78 286,764.78
84,757.48 84,757.48
32,111.45 22,925.21
0.42
5,709.80 4,700.48
1,623,005.86 582,535.61
2017 5 31 2016 12 31
47,162.5
232,604.16
279,766.66
2017 5 31 2016 12 31
99,130.71
155,400.00 91,600.00
4,500,000.00 10,149,166.66
136,304.62 270,634.30
4,890,835.33 10,511,400.96
– IV-34 –
2017 5 31 2016 12 31
30,000,000.00 5.145%
30,000,000.00
2016 12 31 2017 5 31
% %
160,000,000.00 51.00 160,000,000.00 51.00
91,000,000.00 29.01 91,000,000.00 29.01
40,000,000.00 12.75 40,000,000.00 12.75
22,700,000.00 7.24 22,700,000.00 7.24
313,700,000.00 100.00 313,700,000.00 100.00
2016 2016 2017
10 28 12 31 5 31
. 6,776,785.31 6,776,785.31 6,776,785.31
6,776,785.31 6,776,785.31 6,776,785.31
– IV-35 –
91,000,000.00
2016 4 30
(2016) 276
97,776,785.31 91,000,000.00
6,776,785.31
2016 2016 2017
10 28 12 31 5 31
53,914.54 53,914.54 53,914.54
53,914.54 53,914.54 53,914.54
2016 12 31
+ –
539,145.38
539,145.38
53,914.54 10%
485,230.84
– IV-36 –
2017 5 31
485,230.84
+ –
485,230.84
3,581,281.02
4,066,511.86
2017 1-5 2016 10 28 2016 12 31
. 103,151,943.86 83,267,237.26 33,070,696.37 28,747,568.00
103,151,943.86 83,267,237.26 33,070,696.37 28,747,568.00
. 7,649,708.17 7,079,453.29 4,040,266.63 3,962,514.72
295,431.63 3,063.37 77,948.69
349,519.46 71,545.35
7,004,757.08 7,004,844.57 3,962,317.94 3,962,514.72
110,801,652.03 90,346,690.55 37,110,963.00 32,710,082.72
2016 10 28
2017 1-5 2016 12 31
35.65 0.70
21.38 0.42
674,888.41 286,764.78
211,893.77 84,757.48
220,846.69 8,418.00
14.26 0.28
1,107,700.16 379,941.66
– IV-37 –
2016 10 28
2017 1-5 2016 12 31
363,817.46 53,772.91
48,351.00 10,245.60
1,652.37 446.58
139,370.85 5,875.63
78,030.75 27,250.50
2,090,476.81 679,979.14
617.82
2,722,317.06 777,570.36
2016 10 28
2017 1–5 2016 12 31
2,225,191.44 519,857.07
261,053.70 103,715.58
18,864.00 13,244.00
980,515.97 419,689.58
348,813.15 139,525.26
412,281.91 47,656.42
143,293.10 8,934.40
193,176.70 13,717.11
28,301.89 61,320.75
147,229.14 27,430.00
4,400,916.10
250,335.39 246,289.55
9,409,972.49 1,601,379.72
2016 10 28
2017 1-5 2016 12 31
2,521,182.65 973,291.33
136,818.52 64,237.51
35,935.73 10,416.88
2,420,299.86 919,470.70
– IV-38 –
1.
2016 10 28
2017 1-5 2016 12 31
1,213,390.89 183,372.46
1,213,390.89 183,372.46
1.
2016 10 28
2017 1–5 2016 12 31
794,022.31 461,851.10
244,200.00 199,600.00
522,042.11 198,013.59
27,780.20 64,237.51
13,690,577.56 430,313.52
699,815.90 93,249.39
160,400.00 108,000.00
180,458.54 10,414.88
6,988,650.00
5,000,000.00
661,253.12 218,649.25
2.
2016 10 28
2017 1–5 2016 12 31
60,000,000.00
20,000,000.00
40,000,000.00
– IV-39 –
1.
2016 10 28
2017 1-5 2016 12 31
1.
3,581,281.02 539,145.38
5,153,701.16 1,466,886.07
609,913.00 243,965.20
–
–
–
– 2,524,638.35 824,124.67
–
–
–
– -3,210,695.32 -18,693,469.47
– -135,918,375.89 -35,048,127.57
– 37,205,409.92 29,422,204.03
-90,054,127.76 -21,245,271.69
2.
3.
25,677,665.20 25,381,262.45
25,381,262.45
296,402.75 25,381,262.45
2.
2016 10 28
2017 1–5 2016 12 31
. 25,677,665.20 25,381,262.45
109,719.53 193,750.06
25,567,945.67 25,187,512.39
.
. 25,677,665.20 25,381,262.45
– IV-40 –
21,807,681.43
24,752,868.72
36,496,135.95
83,056,686.10 –
.
(%) (%)
2,498,320,000.00 51 51
– IV-41 –
1.
2016 10 28
2016 12 31
2017 1–5
253,681.97 15,970,251.87
712,288.17 4,566,667.03
10,119.66 13,564.10
75,471.70
1,429,923.77
48,618.79
420,588.83
8,205.13
6,183,658.11 13,117,569.20
15,384.62
1,755,881.70 2,769,083.90
2,106,844.47 1,739,703.02
2.
2016 10 28
2017 1–5 2016 12 31
349,519.46
– IV-42 –
3.
30,000,000.00 2017/4/12 2022/6/30
75,000,000.00 2017/3/27 2018/3/26
50,000,000.00 2017/3/28 2018/3/27
50,000,000.00 2016/12/26 2018/12/26
4.
2016 10 28
2016 12 31
6,999,968.75
5.
2016 4 30
(2016) 276
97,776,785.31 184,452,708.01
141,561,505.00 55,762,572.30
199,000,000.00 35,000,000.00
50,000,000.00 2016 10 31
– IV-43 –
1.
2017 5 31 2016 12 31
5,294,209.75 3,239,828.16
29,666.29
205,000.00
1,394.87
5,295,604.62 3,474,494.45
2.
2017 5 31 2016 12 31
3,695,594.22 13,347,556.00
5,287,969.62
4,566,667.03
1,297,626.03
227,516.33
80,000.00
46,328.20 3,076.92
15,000,000.00 15,000,000.00
1,084,961.67
91,130.71 149,166.66
5,000.00 5,000.00
3,000.00 3,000.00
205,000.0 205,000.00
– IV-44 –
2017 5 31 2016 12 31
10,500,000.00 10,000,000.00
231,196.00
17,819,504.79
.
.
.
.
2017 5 31
– IV-45 –
2017 6 30
2017 7 31
398
10
(852) 2342-2000 (852) 3101-9041 GP@Vigers.com
www.Vigers.com
2017 6 30 2017 7 31
HKIS 2012
RICS 2017
HKEx
– V-1 –
2 4
IVSC 2017
5 6 7
IVSC 2017
DRC DRC
DRC
1 3
– V-2 –
2017
– V-3 –
1. 5% 2016 4 30
11% 2016 4 30
2. 30% 60%
3.
25%
4. 0.05%
5. 10%
5%
– V-4 –
1. 5.
4
110,000
– V-5 –
9
MRICS MHKIS RPS(GP) CREA MSc(RealEst) MCIM MRICS MHKIS RPS(GP)
RICS RICS
2017 10 11
417
RICS RICS 34
UK USA
HKIS
2006
417 RICS RICS
16 UK
USA HKIS
RICS
2006 2009
– V-6 –
1. 2017 6 30 2017 6 30 2017 6 30
100%
2017 7 31 2017 7 31 2017 7 31
100%
56,691.40
2. 2017 6 30 2017 6 30 2017 6 30
50,100,000 100% 50,100,000
2017 7 31 2017 7 31 2017 7 31
2016–43 50,100,000 100% 50,100,000
3. 2017 6 30 2017 6 30 2017 6 30
100%
2017 7 31 2017 7 31 2017 7 31
A 4-7-1 100%
7 701
4. 2017 6 30 2017 6 30 2017 6 30
720,000 100% 720,000
2017 7 31 2017 7 31 2017 7 31
68 720,000 100% 720,000
1
3 116 171
– V-7 –
5. 2017 6 30 2017 6 30 2017 6 30
100%
111,400,000 111,400,000
2017 7 31 2017 7 31 2017 7 31
02-38 02-39 02-40 100%
111,400,000 111,400,000
6. 2017 6 30 2017 6 30 2017 6 30
100%
100,200,000 100,200,000
2017 7 31 2017 7 31 2017 7 31
03-054 100%
100,100,000 100,100,000
7. 2017 6 30 2017 6 30 2017 6 30
100%
127,600,000 127,600,000
1103015 2017 7 31 2017 7 31 2017 7 31
123 100%
127,500,000 127,500,000
2017 6 30
390,020,000
2017 7 31
389,820,000
– V-8 –
1. 2017 6 2017 2017
30 6 30 6 30
56,691.40 100%
2017 2017 2017
7 31 7 31 7 31
56,691.40 100%
50
1995 7 25
2045
7 24 2.(2)
4
1. 1995 6 2 1995 8 9
1997 7 24 1999 11 4
2006 9 20
56,691.40
2.
(1) 56,691.40
(2)
3. 2.(2)
4.
BA(Project Management) 5 2017 6 18
– V-9 –
2. 2017 2017 2017
2016–43 205,468.67 6 30 6 30 6 30
100%
50,100,000 50,100,000
2017 3 23
2067 3 23
2017 2017 2017
7 31 7 31 7 31
100%
50,100,000 50,100,000
1. 2017 7 11 (2017) 0001406
2. 2017 6 22 410928201706003
1.0
3.
(1)
(2)
(3)
4. BA(Project Management) 5 2017 6 19
– V-10 –
3. 70 2017 2017 2017
A 4-7-1 6 30 6 30 6 30
7 701 100%
2017 2017 2017
60.19 7 31 7 31 7 31
100%
1. 2002 3 20 (2002) 0151
2. 2001 4 5 200101658
3.
(1)
(2)
–
–
–
–
4.
5. BSc(Hons) 4 2017 7 13
– V-11 –
4. 2017 2017 2017
68 1 3 1998 2002 6 30 6 30 6 30
116 171 100%
720,000 720,000
40.94
2017 2017 2017
7 31 7 31 7 31
116 33.76 100%
171 7.18 720,000 720,000
1. 2002 12 4 0201106116 0201106107
2.
(1)
(2)
(3)
3.
4. BA(Project Management) 5 2017 6 19
– V-12 –
5. 2000 2017 2017 2017
02-38 2002 6 30 6 30 6 30
02-39 02-40 100%
111,400,000 111,400,000
104,176.90
44,835.51
2017 2017 2017
2060 1 7 31 7 31 7 31
6 100%
111,400,000 111,400,000
1.
(2010) 100002 2010 1 8 02-38 92,392.92
(2010) 100003 2010 1 8 02-39 11,669.88
(2010) 100004 2010 1 8 02-40 114.10
– V-13 –
2. (2000) 00000479 00000481 00011421 00011430
00011433 00011416 00011431 00011435 00011427 00011428 00011429 00011417
00011419 00011415 00011420 00011413 00011434 00011422 00011423 00011418
00011426 00011484 00011483 00011424 00011426 00011436
6,292.39
67.24
38,475.88
3.
(1)
(2)
(3)
4.
5. BA(Project Management) 5 2017 6 18
– V-14 –
6. 2006 2017 2017 2017
03-054 6 30 6 30 6 30
100%
100,200,000 100,200,000
126,605.98
43,626.32
2060 10 2017 2017 2017
14 7 31 7 31 7 31
100%
100,100,000 100,100,000
1. 2010 12 8 (2010) 100122
2. (2006) 00021902 00021901 00021903 00021904
00021905 00021984 00021985 00021986 00021987 00021988 00021989 00021990
00021991 00021992 00021993 00021997 00021994 00021995 00021906
1,702.55
41,923.77
3.
(1)
(2)
(3)
4.
5. BA(Project Management) 5 2017 6 18
– V-15 –
7. 2014 2017 2017 2017
1103015 2015 6 30 6 30 6 30
123 100%
127,600,000 127,600,000
117,692.30
43,921.56
2017 2017 2017
2057 6 7 31 7 31 7 31
25 100%
127,500,000 127,500,000
1. 2014 10 31 2014285
2. 2014024948 2014024969 2014024964
2014024967 2014024965 2014024958 2014024968 2014024961 2014024949 2014024954
2014024938 2014024919 2014024944 2014024960 2014024959 2014024970 2014024957
2014024963 2014024962 2015015949
3. 2017 6 30 1,814.31 4,522.71
557,900 1,390,700
– V-16 –
4.
(1)
(2)
(3)
(4) 1,814.31 4,522.71
5.
6. BA(Project Management) 5 2017 6 20
– V-17 –
2017 6 30
2017 7 31
398
10
(852) 2342-2000 (852) 3101-9041 GP@Vigers.com
www.Vigers.com
2017 6 30 2017 7 31
HKIS 2012
– VI-1 –
RICS 2017
HKEx
IVSC 2017
DRC DRC
DRC
2017
– VI-2 –
– VI-3 –
1. 5% 2016 4 30
11% 2016 4 30
2. 30% 60%
3.
25%
4. 0.05%
5. 10%
5%
– VI-4 –
9
MRICS MHKIS RPS(GP) CREA MSc(RealEst) MCIM MRICS MHKIS RPS(GP)
RICS RICS
2017 10 11
417
RICS RICS 34
UK USA
HKIS
2006
417 RICS RICS
16 UK
USA HKIS
RICS
2006 2009
– VI-5 –
1. 2017 6 30 2017 6 30 2017 6 30
100%
140,400,000 140,400,000
2017 7 31 2017 7 31 2017 7 31
100%
140,200,000 140,200,000
2. 2017 6 30 2017 6 30 2017 6 30
100%
285,500,000 285,500,000
601 2017 7 31 2017 7 31 2017 7 31
S73400 S73501 S73502 100%
285,000,000 285,000,000
3. 2017 6 30 2017 6 30 2017 6 30
70.99%
215,900,000 153,267,410
2017 7 31 2017 7 31 2017 7 31
1 70.99%
215,900,000 153,267,410
2017 6 30
579,167,410
2017 7 31
578,467,410
– VI-6 –
1. 2012 2017 6 30 2017 6 30 2017 6 30
2013 100%
140,400,000 140,400,000
332,564.36
51,628.87
2017 7 31 2017 7 31 2017 7 31
3,400.00 100%
140,200,000 140,200,000
2011 2
28 2061
2 28
1. (2016) 0000870 0000868 0000873 0000867
0000875 0000871 0000869 0000872 0000874 0000876 0000877 0000929
2.
(1)
(2)
(3)
(4)
– VI-7 –
3.
4. 3,400.00
1,800,000
5. BA(Project Management) 5 2017 6 22
– VI-8 –
2. 2007 2017 6 30 2017 6 30 2017 6 30
100%
285,500,000 285,500,000
601
S73400
S73501 269,789.24
S73502
137,784.93 2017 7 31 2017 7 31 2017 7 31
100%
7,000.62 285,000,000 285,000,000
A 2017
9 28
60.17
下文
9 9
A B
2016 12 31
2062 12 25
– VI-9 –
1.
(2012) 24 2012 4 21 S73400 136,119.04
(2015) 078 2015 10 20 S73501 130,270.70
(2015) 079 2015 10 20 S73502 3,399.50
2. (2017) 0005709 0018005 0017993 0018002
0017998 0017990 0005746 0017997 0005715 0018007
3. (2017) 0005709 0005746 0005715 S73400
4.
(1)
(2)
(3) S73400
(4) A B
A B
5.
6. 60.17 A B
2016
12 28
100,000
– VI-10 –
7.
(i) :
45
(ii) :
(iii) : S73400
(iv) :
(v) :
(vi) :
(vii) :
(viii) :
8. BA(Project Management) 5 2017 6 21
9. 2017 9 28 (2017) 0228861
A
– VI-11 –
3. 2017 6 30 2017 6 30 2017 6 30
2010 2011 70.99%
215,900,000 153,267,410
1
127,136.20
96,179.21
2017 7 31 2017 7 31 2017 7 31
5,157.59 70.99%
215,900,000 153,267,410
2054 1 14
2056 12 24
1. (2016) 0009783 0009782 0009785 0009786
0009784
– VI-12 –
2. 26 (2017) 2031 (2016)
0009784 14,827.20
15,263.15 2017 4 12 2022 6 30
3.
(1)
(2)
(3) (2016) 0009784
4. 70.99%
5. 4,690.50
20,350,000 12,720,000
6. 5,157.59
9,100,000
7.
(i) :
20
(ii) :
– VI-13 –
(iii) : (2016)
0009784
(iv) :
(v) :
(vi) :
(vii) :
(viii) :
8. BSc(Hons) 9 2017 6 22
– VI-14 –
2017 6 30
1 2 3
601
S73400
S73501
S73502 1
1 140,400,000 285,500,000 215,900,000
2017 5 31 2 146,316,780 273,343,791 218,374,453
3 – – –
2017 6 30
4 -321,718 -723,184 -480,699
2017 6 30 145,995,062 272,620,607 217,893,755
-5,595,062 12,879,394 -1,993,755
1. 2017 6 30
2. 2017 5 31
3.
4. 2017 6 30
– VI-15 –
2017 7 31
1 2 3
601
S73400
S73501
S73502 1
1 140,200,000 285,000,000 215,900,000
2017 5 31 2 146,316,780 273,343,791 218,374,453
3 – – –
2017 7 31
4 -644,366 -1,336,547 -961,397
2017 7 31 145,672,415 272,007,243 217,413,056
-5,472,415 12,992,757 -1,513,056
1. 2017 7 31
2. 2017 5 31
3.
4. 2017 7 31
– VI-16 –
(2016) 1276
.
.
.
.
2017 7
2016 10 31
2017 7 31 2017 7 31
– VII-1 –
.
1.
2.
3.
4.
1.
2.
– VII-2 –
3.
4.
5.
6.
7.
8.
9.
10.
11. 2016 12 5 3
.
– VII-3 –
– VII-4 –
1.
(1)
(2)
(3)
– VII-5 –
(4)
(5)
(6)
– VII-6 –
(7)
2.
=
(1)
= + +
A.
2009
– VII-7 –
[2016]67 [2016]11
B.
C.
= +
50%
– VII-8 –
D.
11%
6%
= 1.11 11%+
1.06 6%
(2)
= 0.6+ 0.4
– VII-9 –
= 1 100%
(3)
=
3.
=
538
2009 1 1
– VII-10 –
(1)
A.
B.
a.
2016
b.
– VII-11 –
c.
d.
e.
=
1/2
2
C.
– VII-12 –
= + +
= (1+17%) (1+10%)+
10% 17%
[2009]127
= 10%
– VII-13 –
(2)
A.
=
100%
= 40%
60%
B.
=
100%
– VII-14 –
C.
2013 5 1
= 1
100%
= 1
100%
= Min
4.
– VII-15 –
= +
5.
– VII-16 –
6.
– VII-17 –
– VII-18 –
P–
K–
Ri – i
n–
r–
– VII-19 –
7.
1.
E V–D
V = P + C1 + C2 + E
E:
V:
D:
P:
C 1:
C 2:
E :
– VII-20 –
P
[ ] R n+1
n
P= Rt ( 1 + r )-t ( 1 + r )-n 公式三
t=1
(r-g)
R t: t
t: 1, 2, 3,..., n
r:
R n+1:
g: g =0
n:
2.
1
=
1 T –
– VII-21 –
2
2016 11
1 2021 12 31
2022 1 1
3
(WACC)
4
5
– VII-22 –
.
1.
05
2. 2017 1 6
3. 2016 11
4.
5. (2016) 28
6. (2016) 14
1.
2. 12 46
3.
4.
5.
– VII-23 –
6.
7.
8. 1991 91
9.
[1992]36
10.
[2001]102
11. 14
12. 2003 378
13. 2003 3
14. 2005 12
15. 2016 32
– VII-24 –
16. [2006]274
17. [2009]941
18. [2013]64
19.
127 2016 9 8
20.
21.
22.
23.
24.
25.
1. [2004]20
2. –– [2004]20
– VII-25 –
3. [2012]248
4. [2011]230
5. [2007]189
6. [2011]230
7. [2007]189
8. [2007]189
9. [2007]189
10. [2008]217
11. [2011]227
12. [2012]244
13. [2011]230
14. [2010]214
15. [2007]189
16. [2003]18
– VII-26 –
17. [2010]121
1.
2.
3.
4.
5.
6.
7.
8.
1.
2.
3. (2002)10
4. [2002]394
– VII-27 –
5.
[2007]670
6.
[2002]1980
7.
[1999]1283
8.
[2002]125
9. (2009)
10.
[2016]67
11. [2016]11
12. 2016 10
– VII-28 –
13.
14. 2012
12
15.
16.
[2015]12
17.
18.
19.
20.
21.
22.
23.
– VII-29 –
.
114,728.22
114,833.36 105.14 0.09%
97,280.22 97,280.22
17,448.00 17,553.14 105.14 0.60%
%
29,916.95 30,651.91 734.96 2.46
84,811.27 84,181.45 -629.82 -0.74
70,046.24 68,171.59 -1,874.65 -2.68
4,413.89 4,253.09 -160.80 -3.64
9,840.77 11,246.40 1,405.63 14.28
9,831.65 10,521.53 689.88 7.02
510.37 510.37 – –
114,728.22 114,833.36 105.14 0.09
74,504.22 74,504.22 – –
22,776.00 22,776.00 – –
97,280.22 97,280.22 – –
17,448.00 17,553.14 105.14 0.60
– VII-30 –
30,782.50
17,448.00 13,334.50 76.42 %
2016 10 31
30,782.50
– VII-31 –
.
2017 10 30
– VII-32 –
2017 8 7
1. 10 2017 1
20
– VII-33 –
2. 3
1 201620526213.2 2016/5/27 2016.12.07
2 201620526288.0 2016/5/27 2017.1.18
3 201620500263.3 2016/5/23 2016.12.07
3. [2017]20
2017 4 1
4. [2017]18
2017 4 1
2017 4 10
– VII-34 –
(2016) 1275
.
.
.
.
2017 7
2016
10 31 2017 7 31 2017 7 31
– VIII-1 –
.
1.
2.
3.
4.
1.
2.
– VIII-2 –
3.
4.
5.
6.
7.
8.
9.
10.
11.
1+3+8 [2016]42
.
– VIII-3 –
– VIII-4 –
1.
A
B
C
– VIII-5 –
D
(E)
– VIII-6 –
F
G
2.
=
(1)
= + +
A.
– VIII-7 –
2009
2016 67 2016 11
B.
C.
– VIII-8 –
= +
50%
D.
11%
6%
= 1.11 11%+
1.06 6%
(2)
= 0.6+ 0.4
– VIII-9 –
= 1 100%
(3)
=
3.
=
538
2009 1 1
– VIII-10 –
(1)
A.
B.
a.
2016
b.
– VIII-11 –
c.
d.
e.
=
1/2
2
– VIII-12 –
C.
= + +
= (1+17%) (1+10%)+
10% 17%
[2009]127
= 10%
– VIII-13 –
(2)
A.
=
100%
= 40%
60%
B.
=
100%
– VIII-14 –
C.
2013 5 1
= 1
100%
= 1
100%
= Min
4.
-
– VIII-15 –
5.
6.
(1)
– VIII-16 –
(2)
– VIII-17 –
– VIII-18 –
– VIII-19 –
P–
K–
Ri – i
n–
r–
7.
8.
– VIII-20 –
1.
(WACC)
2.
E V-D
V = P + C1 + C2 + E
E:
V:
D:
P:
C 1:
C 2:
E :
P
[ ] R n+1
n
P= Rt ( 1 + r )-t ( 1 + r )-n 公式三
t=1
(r-g)
– VIII-21 –
R t: t
t: 1, 2, 3,..., n;
r:
Rn+1:
g: g=0
n:
3.
4.
1 T
5.
WACC
– VIII-22 –
6.
7.
.
A.
1.
05
2. 2017 1 6
3. 2016 11
4.
5.
7.5% 2016 644
– VIII-23 –
6.
7. 2016 9
B.
1.
2. 12 46
3.
4.
5.
6.
7.
8. 1991 91
9.
[1992]36
10.
[2001]102
11. 14
– VIII-24 –
12. 2003 378
13. 2003 3
14. 2005 12
15. [2006]274
16. [2009]941
17. [2013]64
18. 109
19.
20.
21.
22.
23.
– VIII-25 –
24.
C.
1. [2004]20
2. [2004]20
3. [2012]248
4. [2011]230
5. [2011]230
6. [2011]230
7. [2011]230
8. [2011]230
9. [2011]230
10. [2008]217
11. [2011]227
12. [2012]244
13. [2011]230
– VIII-26 –
14. [2003]18
15. [2008]217
16.
[2012]246
D.
1.
2.
3.
4.
5.
6.
7.
8.
E.
1.
2. 2002 10
– VIII-27 –
3. [2002]394
4.
[2007]670
5.
[2002]1980
6.
[1999]1283
7.
[2002]125
8.
9. 2009
10.
[2016]67
11. [2016]11
– VIII-28 –
12.
13. 2012
12
14.
2015 12
15.
16. [1984] 678
17.
18.
19.
20.
21.
22.
23.
24.
– VIII-29 –
25.
26.
27.
28.
.
47,268.71 47,195.90
72.81 0.15% 26,259.71 26,259.71
21,009.00 20,936.19
72.81 0.35%
– VIII-30 –
%
15,614.91 15,745.82 130.91 0.84
31,653.80 31,450.08 -203.72 -0.64
26,187.81 25,059.72 -1,128.09 -4.31
107.41 107.41 – –
5,280.12 6,204.49 924.37 17.51
78.46 78.46 – –
47,268.71 47,195.90 -72.81 -0.15
26,259.71 26,259.71 – –
– – –
26,259.71 26,259.71 – –
21,009.00 20,936.19 -72.81 -0.35
22,165.11 1,156.11 5.50%
– VIII-31 –
2016 10 31
22,165.11
.
– VIII-32 –
2017 10 30
1
2017 8 7
– VIII-33 –
1. [2017]20
2017 4 1
2. [2017]18
2017 4 1
2017 4 10
– VIII-34 –
(2016) 1274
.
.
.
.
2017 7
2016 10 31
2017 7 31 2017 7 31
– IX-1 –
.
1.
2.
3.
4.
1.
2.
– IX-2 –
3.
4.
5.
6.
7.
8.
9.
10.
.
– IX-3 –
1.
– IX-4 –
(1)
(2)
2016 10
(3)
(4)
2.
– IX-5 –
=
(1)
= + +
A.
(2014)
(2014) (2014)
[2016]154
[2016]570
– IX-6 –
B.
C.
= +
50%
D.
11%
6%
= 1.11 11%+
1.06 6%
– IX-7 –
(2)
= 0.6+ 0.4
= 1 100%
(3)
=
3.
– IX-8 –
=
538
2009 1 1
(1)
=
+
A.
– IX-9 –
B.
C.
D.
E.
– IX-10 –
[2007]670
[2002]10
[2002]1980
[2002]125
F.
6
= + + +
+
1/2
– IX-11 –
(2)
A.
= 0.6 0.4
=
100%
= +
100%
– IX-12 –
B.
(3)
=
(1)
(2)
(3)
=
4.
– IX-13 –
5.
2016 10 28
2016 4 30 (2016) 276
– IX-14 –
1.
(WACC)
2.
E=V–D
V = P + C1 + C2 +E'
E:
V:
D:
P:
C1
C2
E'
P
[ ] R n+1
n
P= Rt ( 1 + r )-t ( 1 + r )-n 公式三
t=1
(r-g)
– IX-15 –
R t: t
t: 1, 2, 3,..., n
r:
Rn+1:
g: g=0
n:
3.
4.
= +
1 T –
5.
(WACC)
– IX-16 –
6.
7.
.
1.
05
2. 2017 1 6
3.
4.
5. 2017 2 6
6.
– IX-17 –
7.24% [ 20170204]
1.
2. 12 46
3.
4.
5.
6.
7. 1991 91
8.
[1992]36
9.
[2001]102
10. 14
11. [2006]274
– IX-18 –
12. 2003 378
13. 2005 12
14. [2006]274
15. [2009]941
16. [2013]64
17.
127 2016 9 8
18.
19.
20.
21.
1. [2004]20
– IX-19 –
2. –– [2004]20
3. [2012]248
4. [2011]230
5. [2007]189
6. [2011]230
7. [2007]189
8. [2007]189
9. [2007]189
10. [2011]227
11. [2011]230
12. [2010]214
13. [2007]189
14. [2003]18
15. [2010]121
– IX-20 –
1.
2.
3.
4.
1.
2.
3. (2014)
4. (2014)
5. (2014)
6.
[2016]154
7.
[2016]570
8.
9.
– IX-21 –
10.
11.
12.
13.
14.
15.
16.
17.
– IX-22 –
.
62,859.89
61,585.69 1,274.20 2.03 % 30,812.21
30,812.21 32,047.68
30,773.48 1,274.20 3.98 %
%
26,110.90 26,110.90 – –
36,748.99 35,474.79 -1,274.20 -3.47
18,432.65 16,587.95 -1,844.70 -10.01
12,740.08 13,296.54 556.46 4.37
5,576.26 5,590.30 14.04 0.25
5,576.26 5,590.30 14.04 0.25
– – – –
62,859.89 61,585.69 -1,274.20 -2.03
30,812.21 30,812.21 – –
– – – –
30,812.21 30,812.21 – –
32,047.68 30,773.48 -1,274.20 -3.98
34,523.83
2,476.15 7.73%
– IX-23 –
2016 10 31
34,523.83
– IX-24 –
.
2017 10 30
– IX-25 –
(1) 2016 10 28
2016 4 30
(2016) 276
(2) 8
2016 11 16
(3)
1 10
2016 10 31
– IX-26 –
2017 8 7
1 2013-06 474.56 1
2 2013-06 1,606.2
3 2012-06 179.4
4 2012-06 1,747.6
5 2012-06 378.00
6 2011-11 771.83
5,157.59
– IX-27 –
(4) 5
2016 11 16
127,136.20 55,762,572.30
( )
1 (2016) 2054-1-14 14,827.20 6,449,832.00
0009784
2 (2016) 2056-12-24 13,333.40 5,933,363.00
0009782
3 (2016) 2056-12-24 24,927.70 11,092,826.50
0009783
4 (2016) 2054-1-14 28,617.80 9,658,653.00
2,809,332.00
0009785
5 (2016) 2054-1-14 45,430.10 8,225,902.80
11,592,663.00
0009786
127,136.20 55,762,572.30
(5) [2017]20
2017 4 1
– IX-28 –
(6) [2017]18
2017 4 1
2017 4 10
– IX-29 –
A.
(1) (2)
(3)
(i) (ii)(a) (b)
(c) 2017 2018 2019 2020 12 31
2017 4 10
2016 10 31
14.61
11.1(a) 10
– X-1 –
14.62(2) 10.3(b)
3000 –
– X-2 –
9
2017 8 7
– X-3 –
B.
111
11 1106
2017 8 7
2017 4 10
2017 2018 2019 2020 12 31
14.61 10
10
11.1(b)
– X-4 –
2017 8 7
9
2017 8 7
– X-5 –
2014 12 31
2015 12 31 5,350
2015 9 1
2015 9 1 2016 6 1 450
2015 12 27
2015 12 27 2016 10 27
4,900
2015 12 31 23,975.5
2015
2015 3 26 2021 3 25 8,180 2015 5 28 2021 5
27 337.5 2015 9 9 2021 9 8 7,958 2015 12 15
2021 12 14 7,500
2016 12 31 12,450
2016
2016 3 2 2017 3 2 3,000 2016 7 21
2017 7 21 3,000 2016 8 19 2017 8 19 2,950
2016 10 28 2017 10 28 3,500
– XI-1 –
2017 2 6
2017 2 6 2018 2 6 4,550 2017 3
9
2017 3 9 2018 3 9 3,000 2017 5 24
2017 5 24 2018 3 24 1,500
2017 2 4
2017 2 4 2018 2 3 3,000 2017 5 3
2017 5 3 2018 2 3 2,000
2014 2,761
2015 2,500
2011 3 10,000 7,000
3,000 2011 6 40%
3,000 7,000 2011 11
3,000
13,000 7,000 53.84% 3,000
– XI-2 –
23.08% 3,000 23.08% 2014 7 2014 10
53.84% 23.08%
10,000 76.92%
3,000 23.08%
2015 12 83% 2016
2 97% 2015 12
2016
14 4 5
2015 12 1,168 -1,178
2016 48,217 1,891
2017 1–5 23,014 806
2015 12 2016
505,711,315 18,909,802
2016 12 31
– XI-3 –
2016 12 31
2014 12 31 20 3,799 2015 12 31
407 3,220 2016 12 31 698
4,123 2017 5 31 644 4678
2015 2
1 3,900
3,700 2015 2 28 2021 2 28
2014 12 31 70,644
54,010 76.45%
– XI-4 –
2015 12 31 98,470
83,014 84.30%
2016 12 31 113,082
95,843 84.76%
2017 5 31 124,559
106,637 85.61%
2016 12 31
2016 12 31
– XI-5 –
2015 2016 12 31 2017 5 31
2015 12 31
2016 12 31 13,160 2016 1 29
M59-JXHZ2016-5
13,160 6.11325%
2017 3 9
131,600,000
2017 5 31
2015 12 31 182.5565
2015 5 11 158 2015
12 30 10 2015 2 10
2015 7 4 1.98 2015 2 15
10 2015 12 4
2.5765
2016 12 31 7.5399
2016 8 2 2 2016 10 1
3.5399 2016 12 10
2
– XII-1 –
2017 5 31 20 2017 1
13 15 5
2010 12 24
10,000.00 5,000.00
50% 4,000.00 40%
1,000.00 10%
2013 9 4 40%
2016 8 28 40%
2016 10 21 10,000.00 13,338.898
3,338.898
9,000.00 67.47%
1,000.00 7.5%
3,338.898 25.03%
– XII-2 –
2015 10 6,927.57 24% 81 2016
233,072,833 30% 29,929,272
2015 2016 PID
2015 1 1 2017 5 31
2015 1 1 2017 5 31
2014 12 31 315 3,022 2015 12 31
365 3,270 2016 12 31 370
3,296
2017 5 31
– XII-3 –
2016 10 28 2016 12 31
2017 5 31 5
51% 29.01% 12.75%
7.24%
37,110,963
32,016,695
109,504,197
176,872,018
10,000
-67,367,820
– XIII-1 –
110,801,652
47,485,346
244,163,682
343,580,610
20,500
-69,416,927
2016 10 31
31,370
16,000
4,000 2,270
– XIII-2 –
9,100
(2016) 2-00179
19,900 2016 11
9,900 2016 12 31 10,000
2017 1 5,000
2,000
2017.1.11-2018.1.11 3,000 2017.1.16-2018.1.16
2017 3 5,000
2017.3.27-
2018.3.26 2,500
2017 4 12,000
5 3,000
1,500 2017.5.8-2018.6.20 1,500 2017.5.8-2018.12.20
2017 5 31
5,000 12,500
3,000
2016 12 5,000 2017 5
31 3,550
2017
5 31
– XIII-3 –
2016 10 28 31,370 2017
5 31
2016 11
1.8 1.6 1.5
1.5
2.5 2 25~30
2017 5 31
– XIII-4 –
2016 12 31 554 3,968
2017 5 31 565 4,179
2017 4 (2016) 0009784
2016 12 31 497,887,948
176,872,018 35.52% 2017 5 31
668,177,821 343,580,610 51.42%
2016 12 31 2017 5 31
2016 12 31 2017 5 31
– XIII-5 –
4 29
100%
100% 70.99%
2016 12 31
2017 3 31 2016 12 31
2017 5 31
(i) (ii) (iii)
2016 12 31
2016
12 31 2017 3 31
2016 2016 12 31
(i) (ii)
(iii)
2016 1 1
– XIV-1 –
4 29 14 69(4)(a)(ii)
– XIV-2 –
2016 12 31
2016 12 31 2017 5 31
1 2 2 2
157,528,516.53 19,243,150.04 4,001,345.49 47,485,346.63 228,258,358.69
45,986,571.00 103,983,151.37 23,960,036.60 42,970,974.46 216,900,733.43
101,891,329.13 226,794,141.83 113,433,249.72 99,061,741.56 -512,527.90 4 540,667,934.34
1,638,352.47 4,048,491.83 983,429.71 7,160,431.14 13,830,705.15
107,581,717.91 20,283,904.37 210,466.15 686,723.30 -15,000,000.00 4 113,762,811.73
132,978,500.26 45,709,013.77 18,017,823.03 21,904,164.79 218,609,501.85
34,874,034.35 1,070,876.01 1,593,532.21 24,894,300.31 62,432,742.88
582,479,021.65 421,132,729.22 162,199,882.91 244,163,682.19 1,394,462,788.07
55,000,000.00 55,000,000.00
648,972,313.06 688,610,839.36 262,758,771.93 273,053,224.80 1,873,395,149.15
36,589,066.42 14,808,685.98 94,040,700.17 145,438,452.57
62,609,172.40 97,145,068.83 51,466,690.25 54,908,694.10 266,129,625.58
3,515,290.90 707,412.31 4,222,703.21
4,341,222.30 30,705.24 651,763.84 5,023,691.38
1,369,700.00 2,011,520.54 3,381,220.54
774,437,998.66 824,452,792.16 329,685,912.00 424,014,139.61 2,352,590,842.43
1,356,917,020.31 1,245,585,521.38 491,885,794.91 668,177,821.80 3,747,053,630.50
– XIV-3 –
2016 12 31
2016 12 31 2017 5 31
1 2 2 2
20,000,000.00 175,500,000.00 175,000,000.00 370,500,000.00
90,000,000.00 9,951,944.03 50,000,000.00 81,494,723.74 231,446,667.77
46,373,902.20 379,215,824.02 90,212,791.10 28,778,166.33 -512,527.90 4 544,068,155.75
14,391,654.50 166,655.78 830,684.62 3,945,481.57 19,334,476.47
25,743,969.95 2,992,975.32 1,319,841.39 2,568,630.60 32,625,417.26
15,381,067.45 8,311,686.90 1,293,245.42 1,623,005.86 26,609,005.63
713,868.25 3,894,409.49 279,766.66 4,888,044.40
42,578,922.04 234,020,933.29 133,213,325.40 19,890,835.33 -15,000,000.00 4 414,704,016.06
471,337,062.91 49,870,000.00 521,207,062.91
726,520,447.30 863,924,428.83 276,869,887.93 313,580,610.09 2,165,382,846.25
87,836,374.23 202,450,000.00 30,000,000.00 320,286,374.23
19,290,781.82 19,290,781.82
107,127,156.05 202,450,000.00 30,000,000.00 339,577,156.05
833,647,603.35 1,066,374,428.83 276,869,887.93 343,580,610.09 2,504,960,002.30
526,766,875.00 130,000,000.00 133,388,980.00 313,700,000.00 -130,000,000.00 3(2) 559,797,391.00
-133,388,980.00 3(2)
-313,700,000.00 3(2)
13,126,864.00 3(1)
9,452,076.00 3(1)
10,451,576.00 3(1)
-3,497,458.04 49,211,092.55 81,626,926.98 10,897,211.71 -49,211,092.55 3(2) 588,130,586.08
-81,626,926.98 3(2)
-10,897,211.71 3(2)
591,628,044.12 3(2)
523,269,416.96 179,211,092.55 215,015,906.98 324,597,211.71 -94,165,651.12 3(3) 1,147,927,977.08
94,165,651.12 3(3) 94,165,651.12
523,269,416.96 179,211,092.55 215,015,906.98 324,597,211.71 1,242,093,628.20
1,356,917,020.31 1,245,585,521.38 491,885,794.91 668,177,821.80 3,747,053,630.50
– XIV-4 –
2016 12 31 2016 12 31
2016 12 31
1 2 2 2
. 392,095,626.14 505,711,315.13 233,072,833.77 37,110,963.00 -326,028.30 4 1,167,664,709.74
343,709,563.17 404,497,332.67 163,081,479.66 32,710,082.72 -326,028.30 4 943,672,429.92
5,232,136.49 2,697,244.00 3,595,600.28 379,941.66 11,904,922.43
7,482,306.95 17,613,773.23 11,110,997.40 777,570.36 36,984,647.94
87,025,947.92 38,244,913.27 11,950,806.92 1,601,379.72 138,823,047.83
8,433,936.20 26,057,249.61 5,880,721.55 919,470.70 41,291,378.06
20,467,971.87 2,248,529.85 22,716,501.72
. - -80,256,236.46 16,600,802.35 35,204,698.11 722,517.84 -27,728,218.16
105,878,607.94 2,309,000.00 107,652.89 108,295,260.83
254,968.93 27,253.89 282,222.82
4,451,875.58 8,019.40 4,459,894.98
15,875.60 15,875.60
. -
21,170,495.90 18,909,802.35 35,304,331.60 722,517.84 76,107,147.69
9,654,432.12 1,077,159.48 5,375,058.61 183,372.46 16,290,022.67
. - 11,516,063.78 17,832,642.87 29,929,272.99 539,145.38 59,817,125.02
11,516,063.78 17,832,642.87 29,929,272.99 539,145.38 -156,406.07 3(3) 59,660,718.95
156,406.07 3(3) 156,406.07
– XIV-5 –
2016 12 31
2016 12 31 2016 12 31
1 2 2 2
.
136,730,044.67 267,702,943.40 89,832,737.39 2,283,360.48 496,549,085.94
115,177,751.23 67,665,414.62 4,162,495.52 461,851.10 -6,162,400.00 4 161,305,112.47
-20,000,000.00 4
251,907,795.90 335,368,358.02 93,995,232.91 2,745,211.58 657,854,198.41
100,904,584.34 258,757,119.88 67,018,909.19 21,479,140.47 448,159,753.88
75,241,190.93 43,035,390.31 21,382,784.34 2,077,311.48 141,736,677.06
21,684,812.32 15,184,264.43 10,391,476.96 3,717.80 47,264,271.51
23,524,286.36 37,004,826.52 4,098,575.36 430,313.52 -6,000,000.00 4 59,058,001.76
221,354,873.95 353,981,601.14 102,891,745.85 23,990,483.27 696,218,704.21
30,552,921.95 -18,613,243.12 -8,896,512.94 -21,245,271.69 -38,364,505.80
– XIV-6 –
2016 12 31
2016 12 31 2016 12 31
1 2 2 2
.
322,732.92 322,732.92
9,930,000.00 9,930,000.00
10,252,732.92 10,252,732.92
56,177,058.27 28,943,087.77 86,220,896.52 16,249,341.19 187,590,383.75
104,992,752.67 104,992,752.67
161,169,810.94 28,943,087.77 86,220,896.52 16,249,341.19 292,583,136.42
-150,917,078.02 -28,943,087.77 -86,220,896.52 -16,249,341.19 -282,330,403.50
– XIV-7 –
2016 12 31
2016 12 31 2016 12 31
1 2 2 2
.
209,624,984.30 63,000,000.00 222,700,000.00 495,324,984.30
120,000,000.00 154,500,000.00 274,500,000.00
340,319,034.02 20,000,000.00 174,689,560.48 -6,000,000.00 4 529,008,594.50
669,944,018.32 174,500,000.00 237,689,560.48 222,700,000.00 1,298,833,578.80
141,829,011.07 103,370,000.00 99,000,000.00 344,199,011.07
6,927,438.38 20,149,386.04 6,123,167.06 824,124.67 34,024,116.15
330,638,185.77 103,555.40 123,879,202.20 60,000,000.00 -6,162,400.00 4 488,458,543.37
-20,000,000.00 4
479,394,635.22 123,622,941.44 130,002,369.26 159,824,124.67 866,681,670.59
190,549,383.10 50,877,058.56 107,687,191.22 62,875,875.33 432,151,908.21
. 428.59 428.59
. 70,185,655.62 3,320,727.67 12,569,781.76 25,381,262.45 111,457,427.50
42,342,860.91 33,205,968.76 4,569,654.10 80,118,483.77
. 112,528,516.53 36,526,696.43 17,139,435.86 25,381,262.45 191,575,911.27
– XIV-8 –
1 2016 2016 12 31
2 2017 5 31 2016 12 31
3 (1) 2016 10
31
2016 10 31 100%
307,824,981.58 100% 221,651,108.68 100%
345,238,266.81 100%
30,782.50 100% 22,165.12
70.99% 24,508.95 23.45
2017 2 8 20
A 90%
100%
10,097,588 3,029,276 13,126,864
100%
6,377,490 2,365,976 708,610 9,452,076
70.99%
7,508,991 1,877,247 1,065,338
10,451,576
(2)
(i)
(ii) 59,162.80
(3)
4
– XIV-9 –
2017 10 11 XIV-1 XIV-9 2016 12
31 2016 12 31
XIV-1 XIV-9
100% 100%
70.99% 2016 12 31
2016 12 31
2016 12 31 2016 1 1
2016 12 31
4.29
7
7
4.29(7)
– XIV-10 –
300
4.29(1)
2016 12 31
(a)
(b)
(c) 4.29(1)
2017 10 11
– XIV-11 –
1.
2.
(a) 526,766,875 250,000,000
1.00 276,766,875 1.00
(b)
(c) 2016 12 31
– XV-1 –
(d)
(e) 2015 6 10 A
2015 8 10 2015 12 29
15,000,000 A 2016 2 2
11,748,633 A A
250,018,242 A 276,766,875 A
3.
(i) (ii) 2017 2 6
(iii)
2016
8 31 4.63
9 30 5.94
10 31 5.78
11 30 5.6
12 30 5.1
2017
1 27 5.22
2 6 5.33
2 28 5.71
3 31 5.56
4 28 5.1
5 31 4.15
6 30 4.33
7 31 4.31
8 31 4.66
9 29 4.48
4.51
2016 9 8
6.6 2017 6 1 2017 6 2 4.06
– XV-2 –
4.
(a)
XV (i)
XV 7 8
(ii) 352
(iii)
(b)
XV 2
3 324
10%
1 1 1
(%) (%)
2 201,076,897 (L) 201,076,897 (L) 72.65 38.17 A
2 200,368,287 (L) 200,368,287 (L) 72.40 38.04 A
71,365,976 (L) 71,365,976 (L) 25.79 13.55 A
115,115,830 (L) 115,115,830 (L) 41.59 21.85 A
– XV-3 –
1 (L)–
2
5.
6.
(a) 2016 12 31
(b)
7.
– XV-4 –
8.
(a)
(b)
(c)
(d)
(e)
(f)
9.
(a)
174,018,242 A 33.04%
22 4
– XV-5 –
(b)
(c)
(d)
22 8
(e)
(f)
(g) 2016 10 18 69,000,000
A
(h)
22 4
(i)
(j)
(k)
– XV-6 –
22 4
(l) (1) (2) (3) (4)
22 8
(m)
(n)
(o) 22 4
10.
11.
(a)
(b)
(c)
(d)
2017 4 11
– XV-7 –
100,000,000
5 2017 4 20
(e)
2016 12 8
100,000,000
3
(f) 2016 12 7
(g) 2015 6 10
494,179,465
674,909,180
A 6.69 10 32,137,519
A
12.
1 4
6
– XV-8 –
2016 12 31
13.
(a)
(b) 9
(c)
183 1712-1716
(d)
17 B
9
1047
– XV-9 –
767
2000 27
2
(e)
– XV-10 –
(f) 111
11 1106
– XV-11 –
14.
(i)
9 (ii) http://www.sfc.hk (iii)
http://www.zhglb.com/
(a)
(b) 2014 12 31 2015 12 31 2016 12 31
2017 6 30
(c) 13 65
(d) 66 67
(e) 68 126
(f)
(g)
(h)
(i)
(j)
(k)
– XV-12 –
(l) 11.
(m) 12.
(n)
– XV-13 –
100% 100%
70.99%
[2013]110 [2014]17
[2015]31
.
[2017]
2-01204 2016 -0.1463
-0.0556
.
– XVI-1 –
1.
15%
2050 2050
40% 32%
2.
– XVI-2 –
2015
3.
4.
.
– XVI-3 –
.
1.
2.
3.
– XVI-4 –
4.
.
– XVI-5 –
1.
2.
3.
4.
5.
6.
7.
– XVI-6 –
2017 3
2017 9 8 2017 9 29 2017 9 26
9 2017 10 27 9
2017 8 7
2017 3
2017 9 26 9
9 3 2017 3
2017 2 7 2017 2 24 2017 8
7
1.
2.
2.01
– XVII-1 –
2017 3
2.02
2.03
2.04
2.05
2.06
2.07
2.08
2.09
2.10
2.11
2.12
2.13
2.14
2.15
2.16
2.17
– XVII-2 –
2017 3
2.18
2.19
2.20
2.21
2.22
3.
4.
5.
6.
7.
8.
9.
10.
11.
– XVII-3 –
2017 3
12.
13.
2017 2 7 2017 2 24 2017 8 7
1.
2017 2 7 2017 2 24 2017 8 7
2017 8 7
*
– XVII-4 –
2017 3
1. H 2017 8 25 4
H 2017 8 26 2017 9 26
H H
H H 2017 8 25
4 H 183
1712–1716
2.
3.
24
183 1712–1716
9
4. 2017 9 5
5.
6. 1
7.
9
471009
86-379-6390 8588
86-379-6325 1984
8.
– XVII-5 –
2017 1 H
2017 9 8 2017 9 29 2017 9 26
10 H 2017 10 27 10 A
H
2017 8 7 H
2017 1 H
2017 9 26 10
A
9 3 2017 1 H
2017 2 7 2017 2 24 2017 8
7
1.
1.01
1.02
– XVIII-1 –
2017 1 H
1.03
1.04
1.05
1.06
1.07
1.08
1.09
1.10
1.11
1.12
1.13
1.14
1.15
1.16
1.17
1.18
1.19
– XVIII-2 –
2017 1 H
1.20
1.21
1.22
2.
3.
4.
5.
2017 2 7 2017 2 24 2017 8 7
2017 8 7
*
– XVIII-3 –
2017 1 H
1. H 2017 8 25 4
H H 2017 8 26 2017 9
26 H H
H H H 2017
8 25 4 H
183 1712–1716
2. H
3.
24
183 1712–1716
9
4. H 2017 9 5
5. H
6. H 1 H
7.
9
471009
86-379-6390 8588
86-379-6325 1984
8. H
– XVIII-4 –
2017 3
2017 3
2017 8 7 2017 3
2017 9 8 2017 9 29
2017 9 26 9
2017 10 27 9
9 3
2017 10 11
73 3% 3%
10 2
2017 10 10 105,018,242
19.94% 6
73 6
– XIX-1 –
2017 3
14 15 16 17 18 19
14
15
16
17
18
19
2017 10 11
2017 10 11
*
– XIX-2 –
2017 3
1.
2. H 2017 8 25 4
H 2017 8 26 2017 10 27
H H
H H 2017 8 25
4 H 183
1712–1716
3.
4.
24
183 1712–
1716 9
5. 2017 10 6
6.
7. 1
8.
9
471009
86-379-6390 8588
86-379-6325 1984
9.
– XIX-3 –
2017 1 H
2017 1 H
2017 8 7 2017 1 H
H 2017 9 8 2017 9 29
H
2017 9 26 10 A
H 2017 10 27 10 A
9 3
2017 10 11
73 3% 3%
10 2
2017 10 10 105,018,242
19.94% H 6
73 H 6 H
– XX-1 –
2017 1 H
H 6 7 8 9 10 11
6
7
8
9
10
11
2017 10 11
2017 10 11
*
– XX-2 –
2017 1 H
1. H
2. H 2017 8 25 4
H H 2017 8 26 2017 10
27 H H
H H H 2017
8 25 4 H
183 1712–1716
3. H
4.
24
183 1712–
1716 9
5. H 2017 10 6
6. H
7. H 1 H
8.
9
471009
86-379-6390 8588
86-379-6325 1984
9. H
– XX-3 –
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