Bengang Steel Plates Co., Ltd.
Third Quarter Report 2019
October 2019I. Important NoticeThe Board of Directors, the Supervisory Committee and the Directors, members of theSupervisory Committee and senior management of the Company guarantee that thereare no misrepresentations or misleading statements, or material omission in this report,and individually and collectively accept full responsibility for the authenticity,accuracy and integrity of the information contained in this report.
All the members of the Board of Directors attended the board meeting on which this
report was examined.
Gao Lie, Chairman of the Company, Shen Qiang, the principal in charge of the
accounting, and Zhao Zhonghua, Chief of Accounting Affairs, make the pledge for the
authenticity, accuracy and integrity of the attached financial statements.
II. Company Profile
I. Summary of Accounting data and Financial index
Whether the Company makes retroactive adjustment or restatement of the accounting data of the previous year
□ Yes √ No
Increase or decrease at the end of
At theendofthecurrent
Attheendofpreviousyear this reporting period over the
period
previous year
Total assets（RMB） 63,759,364,131.78 59,632,504,915.83 6.92%
Net assetsattributableto
shareholders ofthelistedcompany 19,439,854,342.60 19,126,258,116.67 1.64%
（RMB）
Increase ordecrease Fromthebeginningof Increaseordecreaseover
Thisreportingperiod overthesameperiod thisyeartotheendof thesameperiodofthe
of thepreviousyear thisreportingperiod previousyear
Operating income（RMB） 14,441,830,940.38 8.48% 38,544,426,107.52 4.87%
Net profitattributabletothe
shareholders ofthelistedcompany 34,229,631.12 -49.83% 487,439,246.88 -40.93%
（RMB）
Net profitafterdeductingofnon-
recurring gain/lossattributableto
26,305,669.24 -49.16% 479,515,285.00 -38.26%
the shareholdersoflistedcompany
（RMB）
Net Cashflowgeneratedby
-- -- 4,055,738,221.28 -41.50%
business operation（RMB）
Basic earningsper
0.01 -50.00% 0.13 -38.10%
share(RMB/Share)
Diluted earningsper
0.01 -50.00% 0.13 -38.10%
share(RMB/Share)
Weightedaveragenetassetsyield 0.18% -0.18% 2.53% -2.44%
Items and amount of non-recurring profit and loss
√ Applicable □ Not applicable
Unit: Yuan
Fromthebeginningoftheyearto
Items Notes
the endofthecurrentperiod
Profit orlossfromdisposalofnon-currentassets
(including thewrite-offpartforwhichassets -55,191,533.14
impairment provisionismade)
Details ofgovernmentsubsidiesrecordedintocurrent
profits andloss（exceptsuchgovernmentsubsidy
closely relatedtothecompany’snormalbusiness
62,516,500.00
operation, meetingtheregulationofnationalpolicyand
enjoyed constantlyincertainquotaorquantity
according toacertainstandard）
Profit orlossfromdebtrestructuring 50,640.00
Other non-operatingrevenueandexpenditureotherthan
762,123.88
above items
Less: Impactofincometax 203,190.97
Impactofminorityinterests(aftertax) 10,577.89
Total 7,923,961.88 --
For the Company’s non-recurring profit and loss items as defined in “the Explanatory Announcement No.1 on information
disclosure for Companies Offering their Securities to the Public-Non-recurring Profits and Losses” and its non-recurring profit and
loss items as illustrated in “the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securities
to the Public-Non-recurring Profits and Losses” which have been defined as recurring profits and losses, it is necessary to explain
the reason.
□ Applicable √ Not applicable
None of Non-recurring profit and loss items recognized as recurring profit and loss items as defined by “the Explanatory
Announcement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Profits and
Losses” in the report period.
II. Total Number of Shareholders and Shareholding of top 10 shareholders
1. Total number of common shareholders, preferred shareholders whose voting rights
restored, and shareholding of top 10 shareholders
Unit: Share
Thetotalnumberofpreferred
Totalnumberofcommon
shareholderswhosevotingrightshas
shareholders attheendofthe 53,728 0
beenrestoredatendofthereporting
reporting period
period（ifany）
Shareholding byTop10shareholders
Nameofthe Natureof Proportionof Quantity of Amountof Numberofsharepledged/frozen
shareholder shareholder sharesheld shares restrictedshares
held Stateofshare Quantity
State- Pledged 732,115,333
Benxi Steel&Iron 61.44% 2,381,105,094
ownedlegal
(Group) Co.,Ltd. Frozen 45,000,000
person
Liaoning
Provincial State-
Transportation ownedlegal 4.77% 184,842,883
Investment Group person
Co., Ltd.
CCB Principal
Asset
Management –
ICBC –CRTrust
Others 4.77% 184,842,883
– CRTrust·Xing
Sheng No.5
Collective Fund
Trust Plan
Bei XinRuiFeng
Fund –China
Merchants Bank–
Bei XinRuiFeng Others 4.77% 184,842,883
Fund FengQing
No. 229Asset
Management Plan
China LifeAMP
Fund– ICBC–
China LifeAMP–
Hua XinTrust
Targeted Others 4.77% 184,842,883
Additional Shares
Issuance No.10
Asset
Management Plan
Domestic
Liang Zhongqing natural 0.71% 27,623,365
person
Domestic
Liu Qiuying natural 0.34% 13,274,400
person
VANGUARD Overseas 0.21% 8,157,311
EMERGING legalperson
MARKETS
STOCK INDEX
FUND
Domestic
Chen Jinhong natural 0.18% 6,876,375
person
Domestic
Yi Honglu natural 0.17% 6,426,080
person
Shareholding oftop10shareholdersofunrestrictedshares
Number ofnon-restrictedcommonsharesheldatthe Categoryofshares
Name oftheshareholder
period-end Categoryofshares Quantity
Benxi Steel&Iron(Group)Co., Commonsharesin
2,381,105,094 2,381,105,094
Ltd. RMB
Liaoning Provincial
Commonsharesin
Transportation Investment 184,842,883 184,842,883
RMB
Group Co.,Ltd.
CCB Principal Asset
Management–ICBC–CRTrust Commonsharesin
184,842,883 184,842,883
– CRTrust·XingShengNo.5 RMB
Collective FundTrustPlan
Bei XinRuiFengFund–China
Merchants Bank– BeiXinRui Commonsharesin
184,842,883 184,842,883
Feng Fund Feng Qing No. 229 RMB
Asset ManagementPlan
China LifeAMPFund–ICBC–
China Life AMP – Hua Xin
Commonsharesin
Trust Targeted Additional 184,842,883 184,842,883
RMB
Shares Issuance No. 10 Asset
Management Plan
Commonsharesin
Liang Zhongqing 27,623,365 27,623,365
RMB
Commonsharesin
Liu Qiuying 13,274,400 13,274,400
RMB
VANGUARD EMERGING Foreignshares
MARKETS STOCK INDEX 8,157,311placedindomestic 8,157,311
FUND exchange
Commonsharesin
Chen Jinhong 6,876,375 6,876,375
RMB
Yi Honglu 6,426,080Commonsharesin 6,426,080
RMB
Related-parties oracting-in- ItisunknowntotheCompanywhetherthereisanyrelatedpartiesoraction-in-concertpartiesas
concert partiesamongthe definedin“MeasuresfortheAdministrationoftheTakeoverofListedCompanies”amongthe
above-mentioned shareholders above-mentionedshareholders.
BenxiSteel&Iron(Group)Co.,Ltd.holds2,142,105,094sharesofthecompanythroughan
ordinarysecuritiesaccount,andholds239,000,000sharesthroughtheinvestor'screditsecurities
Shareholders amongthetop10
account,therefore,itholdsatotalof2,381,105,094shares.LiangZhongqingholds500sharesof
participating insecurities
thecompanythroughgeneralsecuritiesaccountand27,622,865sharesofthecompanythrough
margin trading(ifany)
aninvestor'screditsecuritiesaccount.YiHongluholds6,426,080sharesofthecompanythrough
aninvestor'screditsecuritiesaccount.
Whether top 10 common shareholders and top 10 un-restricted common shareholders have a buy-back
agreement dealing in reporting period
□ Yes √ No
Top 10 common shareholders and top 10 un-restricted common shareholders had no buy-back agreement
dealing in reporting period.
2. Total Number of Preferred Shareholders and Shareholding of Top 10 Preferred
Shareholders□ Applicable √ Not applicable
III. Important Events
I. Major Changes in Financial Data and Financial Index and Reasons
√ Applicable □ Not applicable
? Items and reasons for the changes of more than 30% compared with the beginning of the year in the
consolidated statement
1.StatementofFinancialPosition Increase / Reasons
Decrease
Due to the increase of construction in
Constructionin progress 113% progress thatdid notmeet the conditionsof
transferringto fixed assets at the end of the
period
Accountspayables 50% Due to the increase of accounts payables in
thecurrentperiod
Taxpayable -89% Due to the decrease of VAT payable at the
endofthisperiod
Non-currentliabilitiesduewithin Due to the conversion of long-term
oneyear 552% borrowings into non-current liabilities due
withinoneyear
Long-termpayables 446% Due to the increase in equipment leased at
theendoftheperiod.
Specialreserves 2913% Due to the decrease of payment of safety
productionfee
? Items and reasons for the changes of more than 30% compared to January to September 2018 in the
consolidated financial statements
2.Statementofcomprehensiveincome Increase/ Reasons
Decrease
Researchanddevelopment 606% Due to the increase of research and
expenses developmentexpensesincurrentperiod
Financialexpenses -69% Duetothe decreaseofexchangeloss
Investmentincome -99% Due to the decrease in financial products
purchasedduringthe period.
Assetdisposalgains 170% Due to the increase of disposal income on
fixedassets
Non-operatingincome 323% Due to the increase of gains arose from
fixedassetsscrapping
Non-operatingexpenses 3164% Due to the increase of losses arose from
fixedassetsscrapping
Income taxexpenses 84% Duetotheincreaseofdeferredincometax
Profit orlossof non-controlling -114% Due to the decrease of profit of holding
shareholders subsidiaries
3.Statementofcashflows Increase/ Reasons
Decrease
Other cashreceivedrelatingto 115% Due to the increase of other cash received
operatingactivities relatingtooperatingactivities
Cash paidforalltypesoftaxes 47% Due to the increase of taxes paid during the
currentperiod
Cash paidforacquisitionoffixed Duetothedecreaseofpaymentofacquisition
assets,intangibleassetsandother -33% of fixed assets, intangible assets during the
long-termassets currentperiod
Cash receivedfromborrowings -65% Due to the decrease of reception of
borrowings
Cash repaymentsofborrowings -77% Due to the decrease of cash on repayment of
borrowings
II. Progress and influence of significant events, as well as the analysis and
explanation on solutions√ Applicable □ Not applicable
On May 22, 2019, the second meeting of the eighth board of directors of the company and the second
extraordinary shareholders meeting of the company in 2019 on June 10, 2019 reviewed and approved the
relevant proposals on the company's public offering of A-share convertible corporate bonds. The China
Securities Regulatory Commission (hereinafter referred to as the “China Securities Regulatory
Commission”) accepted the application materials for the public offering of A-share convertible corporate
bonds on August 7, 2019, and received the Notice issued by the China Securities Regulatory Commission
on September 18, 2019. The “Notice of Feedback of the China Securities Regulatory Commission's
Administrative Licensing Project Review” (No. 192096), the company and relevant intermediaries
carried out serious verification and implementation work for the feedback, and in accordance with the
requirements of the feedback, the information was supplemented and The question was answered and
the relevant reply was disclosed on October 15, 2019. The company's issue of convertible corporate
bonds is still subject to the approval of the China Securities Regulatory Commission. There is uncertainty
as to whether it can be approved. Investors are advised to pay attention to investment risks.
Overview ofimportantmatters Dateofdisclosure Interimreportdisclosure
websitequeryindex
The companysignedthe"Asset
Transfer Agreement"withBenxiSteel
(Group) Co.,Ltd.andBenxiBeiying August15,2019 www.cninfo.com.cn
Iron andSteel(Group)Co.,Ltd.,and AnnouncementNo.:2019-051
acquired theequipmentandequipment
assets relatedto2300mmhotrolling
mill productionlineheldbyBenxi
Iron andSteelCo.,Ltd.andthe
equipment andequipmentassets
related tothe1780mmhotrollingmill September03,2019 www.cninfo.com.cn
production lineheldbyBenxiBeiying AnnouncementNo.:2019-058
Company. Thecompanycompletedthe
purchase ofthetargetassetson
September 3,2019.
Progress in the implementation of share repurchase
□ Applicable √ Not Applicable
Progress in the implementation of the reduction of shareholding shares by centralized competitive
bidding
□ Applicable √ Not Applicable
III. The Under-Fulfillment Commitments by the End of the Period Made by
Actual Controller, Acquirer, Director, Supervisor, Senior Management
Personnel and other Related Parties.√ Applicable □ Not applicable
Commitment reasons Commitment Typeof Contents Commitment Commitment Performance
party commitment time period
Commitment toshare
reform
Commitment madein
the acquisitionreportor
the equitychange
report
Commitment made
during asset
restructuring
According to
the relevant
Commitment made Company provisionsof
during initialpublic directors, Other theChina January26, December9, Undernormal
offering orrefinancing senior commitments Securities 2016 2019 fulfillment
management Regulatory
Commission,
the following
commitments
can bemade
to the
company’s
efforts tofill
the rewards:
During the
tenure,
faithfully and
diligently
perform duties
and safeguards
the legitimate
rights and
interests ofthe
company and
all
shareholders,
including but
not limitedto:
1.
Commitment
not totransfer
benefits to
other unitsor
individuals
without
compensation
or unfair
conditions,
and notto
damage the
company’s
interests in
other ways;2.
Commitment
to constrain
the behavior
of job
consumption;
3.
Commitment
to notuse
company
assets to
engage in
investment
and
consumption
activities
unrelated to
the
performance
of theirduties;
4.
Commitment
to the
compensation
system
established by
the boardof
directors or
the
Remuneration
and Appraisal
Committee is
linked tothe
implementatio
n ofthe
company's
measures to
cover the
return; 5.If
the company
launches an
equity
incentive plan
in thefuture,
the termsof
the exerciseof
the equity
incentive plan
are linkedto
the
implementatio
n ofthe
company's
measures to
fill the
rewards.
Equity incentive
commitment
Other commitmentsto
the company'sminority
shareholders
Commitment tofulfill Yes
on time
IV. Investment in Securities
□ Applicable √ Not applicable
There are no securities investments in the reporting period.
V. Entrusted Financial Management
□ Applicable √ Not applicable
There is no entrusted financial management in the reporting period.
VI. Investment in Derivatives
□ Applicable √ Not applicable
There is no investment in derivatives in the reporting period.
VII. Registration form of Activities such as Research, Communication, Interview
in this Reporting Period
□ Applicable √ Not applicable
There is no researches, visits and interviews received in the reporting period.
VIII.Violation of Regulations in Provision of External Guaranty
□ Applicable √ Not applicable
There is no violation of regulations in provision of external guaranty during the reporting period.
IX. Illustrations of Non-Operating Occupation of Funds by the Controlling
Shareholder and Related Parties
□ Applicable √ Not applicable
There is no non-operating occupation of funds by the controlling shareholder and related parties.
IV. Financial Report
I. Financial Statements
1. CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Prepared by: Bengang Steel Plates Co., Ltd.
Unit: Yuan
Items Sep30th,2019 Dec31st,2018
Current assets:
Cashatbankandonhand 19,984,210,581.72 16,567,471,755.77
Settlementprovisions
Capitallent
Financialassetsheldfortrading
Financialassetsatfairvaluethrough
profit orloss
Derivativefinancialassets
Notes receivable 2,647,287,059.10 3,580,145,843.38
Accountsreceivable 592,287,178.61 639,482,481.45
Receivablesfinancing
Prepayments 1,284,152,966.11 1,321,537,514.78
Premiumreceivable
Reinsuranceaccountsreceivable
Receivabledepositforreinsurance
contract
Other receivables: 208,492,688.07 202,763,964.98
Including:Interestreceivables 12,642,974.12 11,608,705.43
Dividendreceivables
Redemptoryfinancialassetsforsale
Inventories 9,648,655,795.97 10,677,747,112.40
Contractassets
Assetsclassifiedasheldforsale
Non-currentassetsduewithinoneyear
Othercurrentassets 330,615,190.73 292,119,771.13
Totalcurrentassets 34,695,701,460.31 33,281,268,443.89
Non-current assets:
Loanandadvancesissued
Debtinvestments
Available-for-salefinancialassets 1,041,824,829.00
Otherdebtinvestments
Held-to-maturityinvestments
Long-termreceivables
Long-termequityinvestments 2,481,589.04 2,455,681.55
Otherequityinstrumentinvestments 1,041,824,829.00
Othernon-currentfinancialassets
Investmentproperties
Fixedassets 25,722,058,707.79 23,924,504,539.97
Constructioninprogress 1,785,959,831.48 836,594,457.82
Productivebiologicalassets
Oilandgasassets
Rightofuseassets
Intangibleassets 273,141,866.04 278,062,441.04
Developmentexpenditure
Goodwill
Long-termdeferredexpenses
Deferredtaxassets 174,168,423.31 191,452,547.21
Othernon-currentassets 64,027,424.81 76,341,975.35
Totalnon-currentassets 29,063,662,671.47 26,351,236,471.94
Totalassets 63,759,364,131.78 59,632,504,915.83
Current Liabilities:
Short-termloans 12,535,851,000.00 11,938,490,375.85
Loanfromcentralbank
Absorbeddepositandinterbankdeposit
Financialliabilitiesheldfortrading
Financialliabilitiesatfairvaluethrough
profit orloss
Derivativefinancialliabilities
Notespayable 10,721,947,779.82 10,013,192,014.02
Accountspayable 8,297,245,042.10 5,522,042,811.65
Advancefromcustomers 3,716,963,704.35 3,331,854,098.42
ContractLiabilities
Financialassetssoldforrepurchase
Depositsfromcustomersandinterbank
Actingtradingsecurities
Actingunderwritingsecurities
Employeebenefitspayable 50,531,098.73 51,466,231.72
Currenttaxliabilities 55,344,641.91 515,752,369.68
Otherpayables 850,901,676.15 862,511,178.96
Including:Interestpayables 8,014,283.24 9,658,681.99
Dividendpayables
Handlingchargesandcommission
payable
Reinsuranceaccountspayable
Liabilitiesheldforsale
Non-currentliabilitiesduewithinone 2,288,751,448.16 350,965,576.32
year
Othercurrentliabilities
Totalcurrentliabilities 38,517,536,391.22 32,586,274,656.62
Non-current liabilities:
Provisionforinsurancecontract
Long-termloans 4,972,547,175.82 7,083,640,094.16
Bondspayable
Including:Preferredstock
Perpetualbond
Leaseliabilities
Long-termpayables 74,746,302.05 13,686,705.92
Long-termemployeebenefitspayables
Estimatedliabilities
Deferredincome 230,018,022.97 289,499,002.97
Deferredtaxliabilities
Othernon-currentliabilities
Totalnon-currentliabilities 5,277,311,500.84 7,386,825,803.05
Totalliabilities 43,794,847,892.06 39,973,100,459.67
Shareholders’equity:
Sharecapital 3,875,371,532.00 3,875,371,532.00
Otherequityinstruments
Including:Preferredstock
Perpetualbond
Capital reserves 12,343,209,847.29 12,343,209,847.29
Less:treasuryshares
Othercomprehensiveincome
Specialreserves 20,609,493.36 683,937.71
Surplusreserves 961,105,529.85 961,105,529.85
Generalriskreserves
Undistributedprofits 2,239,557,940.10 1,945,887,269.82
Totalequityattributabletoequityholdersof 19,439,854,342.60 19,126,258,116.67
the parentcompany
Non-controllinginterests 524,661,897.12 533,146,339.49
Totalshareholder’sequity 19,964,516,239.72 19,659,404,456.16
Totalliabilitiesandshareholder’sequity 63,759,364,131.78 59,632,504,915.83
Legal Representative: Gao Lie Person in charge of accounting: Shen Qiang Accounting Dept. Leader: Zhao Zhonghua
2. STATEMENT OF FINANCIAL POSITION OF THE PARENT COMPANY
Unit: Yuan
Items Sep30th,2019 Dec31st,2018
Current assets:
Cashatbankandonhand 18,280,266,796.50 15,536,305,375.00
Financialassetsheldfortrading
Financialassetsatfairvaluethrough
profit orloss
Derivativefinancialassets
Notes receivable 2,570,575,588.41 3,356,020,598.89
Accountsreceivable 377,395,508.27 409,553,059.27
Receivablesfinancing
Prepayments 1,262,333,417.87 1,309,194,738.97
Other receivables 221,109,216.42 235,037,391.46
Including:Interestreceivables 11,054,927.27 9,815,280.04
Dividendreceivables
Inventories 8,187,028,960.76 8,681,362,081.72
Contractassets
Assetsclassifiedasheldforsale
Non-currentassetsduewithinoneyear
Othercurrentassets 265,082,350.56 193,989,096.20
Totalcurrentassets 31,163,791,838.79 29,721,462,341.51
Non-current assets:
Debtinvestments
Available-for-salefinancialassets 1,041,624,829.00
Otherdebtinvestments
Held-to-maturityinvestment
Long-termreceivables
Long-termequityinvestments 2,016,281,902.16 2,016,281,902.16
Otherequityinstrumentinvestments 1,041,624,829.00
Othernon-currentfinancialassets
Investmentproperties
Fixedassets 24,088,077,920.91 22,035,187,328.57
Constructioninprogress 1,770,671,281.92 825,553,510.15
Productivebiologicalassets
Oilandgasassets
Rightofuseassets
Intangibleassets 146,296,575.00 148,776,177.96
Developmentexpenditure
Goodwill
Long-termdeferredexpenses
Deferredtaxassets 80,389,854.83 96,220,003.00
Othernon-currentassets 64,027,424.81 76,341,975.35
Totalnon-currentassets 29,207,369,788.63 26,239,985,726.19
Totalassets 60,371,161,627.42 55,961,448,067.70
Current Liabilities:
Short-termloans 11,235,851,000.00 10,624,270,375.85
Financialassetsheldfortrading
Financialliabilitiesatfairvaluethrough
profit orloss
Derivativefinancialliabilities
Notespayable 8,554,883,676.61 9,213,748,427.22
Accountspayable 10,401,360,265.58 5,940,816,426.48
Advancefromcustomers 3,570,678,789.25 3,189,143,565.45
Contractliabilities
Employeebenefitspayable 50,140,067.57 49,378,095.47
Currenttaxliabilities 5,563,337.07 507,003,883.57
Otherpayables 522,902,727.37 538,051,513.13
Including:Interestpayables 6,247,124.51 7,341,833.33
Dividendpayables
Liabilitiesheldforsale
Non-currentliabilitiesduewithinone 2,288,751,448.16 350,965,576.32
year
Othercurrentliabilities
Totalcurrentliabilities 36,630,131,311.61 30,413,377,863.49
Non-current liabilities:
Long-termloans 4,972,547,175.82 7,083,640,094.16
Bondspayable
Including:Preferredstock
Perpetualbond
Leaseliabilities
Long-termpayables 74,746,302.05 13,686,705.92
Long-termemployeebenefitspayable
Estimatedliabilities
Deferredincomes 230,018,022.97 289,499,002.97
Deferredtaxliabilities
Othernon-currentliabilities
Totalnon-currentliabilities 5,277,311,500.84 7,386,825,803.05
Totalliabilities 41,907,442,812.45 37,800,203,666.54
Shareholders’equity:
Sharecapital 3,875,371,532.00 3,875,371,532.00
Otherequityinstruments
Including:Preferredstock
Perpetualbond
Capitalreserves 11,923,058,165.17 11,923,058,165.17
Less:treasuryshares
Othercomprehensiveincome
Specialreserves 16,323,073.17 525,218.48
Surplusreserves 961,105,529.85 961,105,529.85
Undistributedprofits 1,687,860,514.78 1,401,183,955.66
Totalshareholder’sequity 18,463,718,814.97 18,161,244,401.16
Totalliabilitiesandshareholder’sequity 60,371,161,627.42 55,961,448,067.70
3. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME OF THE
CURRENT REPORTING PERIOD
Unit: Yuan
Items TheCurrentPeriod ThePreviousPeriod
1. Totaloperatingincome 14,441,830,940.38 13,313,390,671.44
Including:Operatingincome 14,441,830,940.38 13,313,390,671.44
Interest income
Premium earned
Income fromhandlingcharges
and commission
2. Totaloperatingcost 14,421,363,860.63 13,269,371,473.96
Including:Operatingcost 13,739,273,641.14 11,807,011,528.70
Interest cost
Expenditure forhandlingcharges
and commission
Surrender value
Net expenditureforcompensation
Net provisionforinsurance
contract appropriated
Bonus paymentforpolicy
Reinsurance premium
Taxes andsurcharges 60,775,436.14 65,070,725.45
Selling anddistributionexpenses 257,155,173.90 277,192,418.87
General andadministrative 219,140,981.53 194,084,503.86
expenses
Research anddevelopment 7,306,019.67 744,560.38
expenses
Financial expenses 137,712,608.25 925,267,736.70
Including: interestexpenses 136,052,012.01 341,799,842.63
Interestincomes 89,695,933.07 47,196,277.02
Add: Otherincomes 20,821,500.00 22,139,558.33
Incomeoninvestment("-"forloss)
Including:Incomefromassociatesand
joint ventures
Income fromderecognition
of financialassetsmeasuredatamortisedcost
("-" forloss)
ExchangeIncome("-"forloss)
Hedgingincomefromnetexposure(“-"
for loss)
Gainsfromthechangeinfairvalue(“-"
for loss)
Expectedcreditlosses(“-"forloss) 2,093,121.45
Assetimpairmentlosses(“-"forloss) 6,821,520.16
Assetsdisposalgains（“-”forloss） 579,216.73 284,086.70
3. Operatingprofit("-"forloss) 43,960,917.93 73,264,362.67
Add:Non-operatingincome 1,506,324.18 160,456.93
Less:Non-operatingexpenses 6,120,953.63 581,084.33
4. Totalprofit("-"forloss) 39,346,288.48 72,843,735.27
Less:Incometaxexpenses 4,904,499.90 5,182,120.12
5. NetProfit("-"forloss) 34,441,788.58 67,661,615.15
(1) Classificationbycontinuing
operating
1 Netprofitfromcontinuing 34,441,788.58 67,661,615.15
operation
2 Netprofitfromdiscontinued
operation
(2) Classificationbyownership
1Netprofitattributabletothe 34,229,631.12 68,230,224.01
owners ofparentcompany
2Netprofitattributabletonon- 212,157.46 -568,608.86
controlling shareholders
6. Othercomprehensiveincomeaftertax
Othercomprehensiveincomeattributableto
owners ofparentcompanyaftertax
1) Othercomprehensiveincomeitems
that willnotbereclassifiedintogains/losses
(1).Re-measurementofdefined
benefit plansofchangesinnetdebtornet
assets
(2).Othercomprehensiveincome
under theequitymethodcannotbereclassified
into profitorloss
(3). Changesoffairvalueofother
equity instrumentinvestments
(4). Changesinthefairvalueof
the company'sowncreditrisk
(5). Others
2) Othercomprehensiveincomethatwill
be reclassifiedintoprofitorloss
(1).Othercomprehensiveincome
under theequitymethodcanbereclassified
into profitorloss
(2).Gainsandlossesfromfair
value changesofotherdebtinvestments
(3).Gainsandlossesfromfair
value changesofavailable-for-salefinancial
assets
(4).Gainsandlossesresulting
from reclassificationoffinancialassets
recognised inothercomprehensiveincome
(5).Gainsandlossesfrom
reclassification ofheld-to-maturity
investments toavailable-for-saleinvestments
(6).Creditimpairmentlossesof
other debtinvestments
(7).Effectiveportionofgainsor
losses fromcashflowhedging
(8). Translationdifferencesin
foreign currencyfinancialstatements
(9).Others
Othercomprehensiveincomeattributableto
non-controlling shareholdersaftertax
7. Totalcomprehensiveincome 34,441,788.58 67,661,615.15
Totalcomprehensiveincomeattributable 34,229,631.12 68,230,224.01
to ownersofparentcompany
Totalcomprehensiveincomeattributable 212,157.46 -568,608.86
to non-controllingshareholders
8. Earningspershare:
1)Basicearningspershare 0.01 0.02
2)Dilutedearningspershare 0.01 0.02
The current business combination under common control, the net profits of the combined party before achieved: Yuan, net profit
of previous period of the combined party realized: Yuan.
Legal Representative: Gao Lie Person in charge of accounting: Shen Qiang Accounting Dept. Leader: Zhao Zhonghua
4. STATEMENT OF COMPREHENSIVE INCOME OF THE PARENT COMPANY OF
THE CURRENT REPORTING PERIOD
Unit: Yuan
Items TheCurrentPeriod ThePreviousPeriod
1. Totaloperatingincome 14,566,987,831.66 12,985,694,384.88
Less: Operatingcost 14,024,765,556.43 11,617,944,541.11
Taxesandsurcharges 49,468,259.31 57,126,440.52
Sellinganddistributionexpenses 147,799,392.26 175,224,699.33
Generalandadministrativeexpenses 205,034,439.76 181,799,889.96
Research anddevelopmentexpenses 7,306,019.67 744,560.38
Financial expenses 127,265,933.34 912,638,828.57
Including: interestexpenses 120,934,881.27 326,523,217.57
Interestincomes 84,996,191.09 45,650,825.86
Add: Otherincomes 20,821,500.00 22,139,558.33
Incomeoninvestment("-"forloss) 27,594,915.42 3,493,150.68
Including:Incomefromassociatesand
joint ventures
Income fromderecognition
of financialassetsmeasuredatamortisedcost
("-" forloss)
Hedgingincomefromnetexposure(“-"
for loss)
Gainsfromthechangeinfairvalue(“-"
for loss)
Expectedcreditlosses(“-"forloss) 1,245,121.45
Assetimpairmentlosses(“-"forloss) 6,821,520.16
Assetsdisposalgains（“-”forloss） 579,216.73 284,086.70
2. Operatingprofit("-"forloss) 55,588,984.49 69,460,590.20
Add:Non-operatingincome 1,141,958.73 125,720.44
Less: Non-operatingexpenses 6,116,261.39 575,548.65
3. Totalprofit("-"forloss) 50,614,681.83 69,010,761.99
Less: Incometaxexpenses 521,085.42 1,705,380.04
4. NetProfit("-"forloss) 50,093,596.41 67,305,381.95
(1) Netprofitfromcontinuingoperation 50,093,596.41 67,305,381.95
("-" forloss)
(2) Netprofitfromdiscontinuedoperation
("-" forloss)
5. Othercomprehensiveincomeaftertax
1) Othercomprehensiveincomeitems
that willnotbereclassifiedintogains/losses
(1).Re-measurementofdefined
benefit plansofchangesinnetdebtornet
assets
(2).Othercomprehensiveincome
under theequitymethodcannotbereclassified
into profitorloss
(3). Changesoffairvalueofother
equity instrumentinvestments
(4). Changesinthefairvalueof
the company'sowncreditrisk
(5). Others
2) Othercomprehensiveincomethatwill
be reclassifiedintoprofitorloss
(1).Othercomprehensiveincome
under theequitymethodcanbereclassified
into profitorloss
(2).Gainsandlossesfromfair
value changesofotherdebtinvestments
(3).Gainsandlossesfromfair
value changesofavailable-for-salefinancial
assets
(4).Gainsandlossesresulting
from reclassificationoffinancialassets
recognised inothercomprehensiveincome
(5). Gainsandlossesfrom
reclassification ofheld-to-maturity
investments toavailable-for-saleinvestments
(6). Creditimpairmentlossesof
other debtinvestments
(7). Effectiveportionofgainsor
losses fromcashflowhedging
(8). Translationdifferencesin
foreign currencyfinancialstatements
(9). Others
6. Totalcomprehensiveincome 50,093,596.41 67,305,381.95
7. Earningspershare:
1)Basicearningspershare
2)Dilutedearningspershare
5. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FROM THE
BEGINNING OF THE YEAR TO THE END OF THE CURRENT REPORTING
PERIOD
Unit: Yuan
Items TheCurrentPeriod ThePreviousPeriod
1. Totaloperatingincome 38,544,426,107.52 36,754,638,048.58
Including:Operatingincome 38,544,426,107.52 36,754,638,048.58
Interest income
Premium earned
Income fromhandlingcharges
and commission
2. Totaloperatingcost 38,043,189,142.86 36,008,275,762.90
Including:Operatingcost 35,806,886,370.79 32,611,218,949.68
Interest cost
Expenditure forhandlingcharges
and commission
Surrender value
Net expenditureforcompensation
Net provisionforinsurance
contract appropriated
Bonus paymentforpolicy
Reinsurance premium
Taxes andsurcharges 174,900,799.11 218,378,101.09
Selling anddistributionexpenses 831,600,373.04 791,230,427.82
General andadministrative 665,908,793.30 655,926,928.42
expenses
Research anddevelopment 22,714,491.95 3,215,201.91
expenses
Financial expenses 541,178,314.67 1,728,306,153.98
Including: interestexpenses 722,542,274.70 916,801,457.83
Interestincomes 216,779,712.65 108,801,680.36
Add: Otherincomes 62,516,500.00 63,413,797.03
Incomeoninvestment("-"forloss) 25,907.49 3,493,150.68
Including:Incomefromassociatesand
joint ventures
Income fromderecognition
of financialassetsmeasuredatamortisedcost
("-" forloss)
ExchangeIncome("-"forloss)
Hedgingincomefromnetexposure(“-"
for loss)
Gainsfromthechangeinfairvalue(“-"
for loss)
Expectedcreditlosses(“-"forloss) 5,844,635.28
Assetimpairmentlosses(“-"forloss) 27,739,483.80
Assetsdisposalgains（“-”forloss） 2,997,921.07 1,109,667.33
6. Operatingprofit("-"forloss) 572,621,928.50 842,118,384.52
Add:Non-operatingincome 9,716,506.42 2,298,854.73
Less:Non-operatingexpenses 64,095,275.68 1,963,486.59
7. Totalprofit("-"forloss) 518,243,159.24 842,453,752.66
Less:Incometaxexpenses 30,866,681.63 16,818,346.16
8. NetProfit("-"forloss) 487,376,477.61 825,635,406.50
(3) Classificationbycontinuing
operating
1 Netprofitfromcontinuing 487,376,477.61 825,635,406.50
operation
2 Netprofitfromdiscontinued
operation
(4) Classificationbyownership
1Netprofitattributabletothe 487,439,246.88 825,182,211.60
owners ofparentcompany
2Netprofitattributabletonon- -62,769.27 453,194.90
controlling shareholders
6. Othercomprehensiveincomeaftertax
Othercomprehensiveincomeattributableto
owners ofparentcompanyaftertax
1) Othercomprehensiveincomeitems
that willnotbereclassifiedintogains/losses
(1).Re-measurementofdefined
benefit plansofchangesinnetdebtornet
assets
(2).Othercomprehensiveincome
under theequitymethodcannotbereclassified
into profitorloss
(3). Changesoffairvalueofother
equity instrumentinvestments
(4). Changesinthefairvalueof
the company'sowncreditrisk
(5). Others
2) Othercomprehensiveincomethatwill
be reclassifiedintoprofitorloss
(1).Othercomprehensiveincome
under theequitymethodcanbereclassified
into profitorloss
(2).Gainsandlossesfromfair
value changesofotherdebtinvestments
(3).Gainsandlossesfromfair
value changesofavailable-for-salefinancial
assets
(4).Gainsandlossesresulting
from reclassificationoffinancialassets
recognised inothercomprehensiveincome
(5).Gainsandlossesfrom
reclassification ofheld-to-maturity
investments toavailable-for-saleinvestments
(6).Creditimpairmentlossesof
other debtinvestments
(7). Effectiveportionofgainsor
losses fromcashflowhedging
(8). Translationdifferencesin
foreign currencyfinancialstatements
(9). Others
Othercomprehensiveincomeattributableto
non-controlling shareholdersaftertax
7. Totalcomprehensiveincome 487,376,477.61 825,635,406.50
Totalcomprehensiveincomeattributable 487,439,246.88 825,182,211.60
to ownersofparentcompany
Totalcomprehensiveincomeattributable -62,769.27 453,194.90
to non-controllingshareholders
8. Earningspershare:
1)Basicearningspershare 0.13 0.21
2)Dilutedearningspershare 0.13 0.21
The current business combination under common control, the net profits of the combined party before achieved: Yuan, net profit
of previous period of the combined party realized: Yuan.
Legal Representative: Gao Lie Person in charge of accounting: Shen Qiang Accounting Dept. Leader: Zhao Zhonghua
6. STATEMENT OF COMPREHENSIVE INCOME OF THE PARENT COMPANY
FROM THE BEGINNING OF THE YEAR TO THE END OF THE CURRENT
REPORTING PERIOD
Unit: Yuan
Items TheCurrentPeriod ThePreviousPeriod
1. Totaloperatingincome 38,014,203,689.59 36,668,559,494.02
Less: Operatingcost 35,782,055,553.61 33,019,136,503.31
Taxesandsurcharges 133,935,663.72 192,669,833.48
Sellinganddistributionexpenses 482,893,940.32 440,779,566.79
Generalandadministrativeexpenses 624,372,438.11 619,992,907.29
Research anddevelopmentexpenses 22,714,491.95 3,215,201.91
Financial expenses 515,337,847.93 1,687,162,319.17
Including: interestexpenses 679,030,224.93 870,205,608.54
Interestincomes 199,185,818.03 103,955,252.77
Add: Otherincomes 62,516,500.00 63,413,797.03
Incomeoninvestment("-"forloss) 27,594,915.42 3,493,150.68
Including:Incomefromassociatesand
joint ventures
Income fromderecognition
of financialassetsmeasuredatamortisedcost
("-" forloss)
Hedgingincomefromnetexposure(“-"
for loss)
Gainsfromthechangeinfairvalue(“-"
for loss)
Expectedcreditlosses(“-"forloss) 4,996,635.28
Assetimpairmentlosses(“-"forloss) 27,739,483.80
Assetsdisposalgains（“-”forloss） 3,044,923.32 1,109,667.33
2. Operatingprofit("-"forloss) 551,046,727.97 801,359,260.91
Add:Non-operatingincome 9,279,999.48 1,840,469.10
Less: Non-operatingexpenses 64,051,443.56 1,957,950.91
3. Totalprofit("-"forloss) 496,275,283.89 801,241,779.10
Less: Incometaxexpenses 15,830,148.17 7,384,717.21
4. NetProfit("-"forloss) 480,445,135.72 793,857,061.89
(1) Netprofitfromcontinuingoperation 480,445,135.72 793,857,061.89
("-" forloss)
(2) Netprofitfromdiscontinuedoperation
("-" forloss)
5. Othercomprehensiveincomeaftertax
1) Othercomprehensiveincomeitems
that willnotbereclassifiedintogains/losses
(1).Re-measurementofdefined
benefit plansofchangesinnetdebtornet
assets
(2).Othercomprehensiveincome
under theequitymethodcannotbereclassified
into profitorloss
(3). Changesoffairvalueofother
equity instrumentinvestments
(4). Changesinthefairvalueof
the company'sowncreditrisk
(5). Others
2) Othercomprehensiveincomethatwill
be reclassifiedintoprofitorloss
(1) .Othercomprehensiveincome
under theequitymethodcanbereclassified
into profitorloss
(2). Gainsandlossesfromfair
value changesofotherdebtinvestments
(3). Gainsandlossesfromfair
value changesofavailable-for-salefinancial
assets
(4). Gainsandlossesresulting
from reclassificationoffinancialassets
recognised inothercomprehensiveincome
(5). Gainsandlossesfrom
reclassification ofheld-to-maturity
investments toavailable-for-saleinvestments
(6). Creditimpairmentlossesof
other debtinvestments
(7). Effectiveportionofgainsor
losses fromcashflowhedging
(8). Translationdifferencesin
foreign currencyfinancialstatements
(9). Others
6. Totalcomprehensiveincome 480,445,135.72 793,857,061.89
7. Earningspershare:
1)Basicearningspershare
2)Dilutedearningspershare
7. CONSOLIDATED STATEMENT OF CASH FLOWS FROM THE BEGINNING OF
THE YEAR TO THE END OF THE CURRENT PERIOD
Unit: Yuan
Items TheCurrentPeriod ThePreviousPeriod
1. Cashflowfromoperatingactivities:
Cashreceivedfromsaleofgoodsor 26,790,594,559.41 26,188,229,365.29
rendering ofservices
Netincreaseofcustomers’depositand
interbank deposit
Netincreaseofloanfromcentralbank
Netincreaseofloansfromother
financial institutions
Cashreceivedforpremiumoforiginal
insurance contract
Netcashreceivedforreinsurance
business
Netincreaseofdepositandinvestment
of theinsured
NetincreaseofFinancialassetsatfair
value throughprofitorloss
Cashfromreceivinginterest,handling
charge andcommission
Netincreaseofloansfromother
financial institutions
Netincreaseoffundforbuy-back
business
Taxrebatereceived 330,537,134.71 284,799,886.80
Othercashreceivedrelatingto 179,458,663.12 83,617,244.68
operating activities
Subtotal ofcashinflowreceivedfrom 27,300,590,357.24 26,556,646,496.77
operation activities
Cashpaidforgoodsandservices 20,530,964,210.54 17,207,337,978.80
Netincreaseofcustomer’sloanand
advances
Netincreaseofdepositincentralbank
and interbankdeposit
Cashforpaymentofcompensationfor
original insurancecontract
Cashforpaymentofinterest,handling
charge andcommission
Cashforpaymentofpolicybonus
Cashpaidtoandonbehalfof 1,450,655,474.24 1,438,947,941.23
employees
Cashpaidforalltypesoftaxes 911,658,861.03 618,124,974.18
Othercashpaidrelatingtooperating 351,573,590.15 358,768,202.58
activities
Subtotal ofcashoutflowreceivedfrom 23,244,852,135.96 19,623,179,096.79
operation activities
Net cashflowsgeneratedfromoperating 4,055,738,221.28 6,933,467,399.98
activities
2. Cashflowsfrominvestingactivities:
Cashreceivedfromreturnon 500,000,000.00
investments
Cashreceivedfromdistributionof 3,493,150.68
dividends orprofit
Netcashreceivedfromdisposalof
fixed assets,intangibleassetsandotherlong-
term assets
Netcashreceivedfromdisposalof
subsidiary andotheroperatingunits
Othercashpaidrelatingtoinvesting
activities
Subtotal ofcashinflowreceivedfrom 503,493,150.68
investing activities
Cashpaidforacquisitionoffixed
assets, intangibleassetsandotherlong-term 843,532,197.66 1,261,912,086.54
assets
Cashpaidforacquisitionofinvestments
Netincreaseofmortgageloan
Netcashreceivedfromsubsidiaryand
other operatingunit
Othercashpaidrelatingtoinvesting
activities
Subtotal ofcashoutflowsfrominvesting 843,532,197.66 1,261,912,086.54
activities
The netcashflowgeneratedbyinvestment -843,532,197.66 -758,418,935.86
activities
3. Cashflowsfromfinancingactivities:
Proceedsfrominvestment 3,965,799,988.19
Including:Proceedsfrominvestmentof
non-controlling shareholdersofsubsidiary
Proceedsfromborrowings 7,482,429,000.00 21,592,058,293.24
Otherproceedsrelatingtofinancing
activities
Subtotal cashinflowreceivedfromfinancing 7,482,429,000.00 25,557,858,281.43
activities
Cashrepaymentsofborrowings 6,938,475,606.71 29,751,998,311.55
Cashpaymentsfordistributionof 1,194,142,072.60 1,220,039,424.07
dividends, profitorinterestexpenses
Including:Cashpaidtonon-controlling
shareholders asdividendandprofitby
subsidiaries
Othercashpaymentsrelatingto
financing activities
Subtotal ofcashoutflowsfromfinancing 8,132,617,679.31 30,972,037,735.62
activities
The netcashflowgeneratedbyfinancing -650,188,679.31 -5,414,179,454.19
activities
4. Effectofforeignexchangeratechangeson 57,000,333.44 173,516,701.33
cash andcashequivalents
5. Netincreaseincashandcashequivalents 2,619,017,677.75 934,385,711.26
Add:Cashandcashequivalentsatthe 11,752,548,621.97 12,317,576,778.93
beginning oftheperiod
6. Cashandcashequivalentsattheendingof 14,371,566,299.72 13,251,962,490.19
the period
8. STATEMENT OF CASH FLOWS OF THE PARENT COMPANY FROM THE
BEGINNING OF THE YEAR TO THE END OF THE CURRENT PERIOD
Unit: Yuan
Items TheCurrentPeriod ThePreviousPeriod
1.Cash flowfromoperatingactivities:
Cashreceivedfromsaleofgoodsor 25,300,199,068.22 25,652,120,540.51
rendering ofservices
Taxrebatereceived 284,437,850.97 119,119,395.04
Othercashreceivedrelatingto 174,941,066.19 80,682,696.51
operating activities
Subtotal ofcashinflowreceivedfrom 25,759,577,985.38 25,851,922,632.06
operation activities
Cashpaidforgoodsandservices 18,900,585,331.92 17,009,484,822.48
Cashpaidtoandonbehalfof 1,371,069,525.86 1,372,731,925.30
employees
Cashpaidforalltypesoftaxes 789,815,447.75 528,120,047.39
Othercashpaidrelatingtooperating 310,224,763.98 322,705,026.46
activities
Subtotal ofcashoutflowreceivedfrom 21,371,695,069.51 19,233,041,821.63
operation activities
Net cashflowsgeneratedfromoperating 4,387,882,915.87 6,618,880,810.43
activities
2. Cashflowsfrominvestingactivities:
Cashreceivedfromreturnon 500,000,000.00
investments
Cashreceivedfromdistributionof 3,493,150.68
dividends orprofit
Netcashreceivedfromdisposalof
fixed assets,intangibleassetsandotherlong-
term assets
Netcashreceivedfromdisposalof
subsidiary andotheroperatingunits
Othercashpaidrelatingtoinvesting
activities
Subtotal ofcashinflowreceivedfrom 503,493,150.68
investing activities
Cashpaidforacquisitionoffixed
assets, intangibleassetsandotherlong-term 836,697,138.22 1,241,365,059.32
assets
Cashpaidforacquisitionofinvestments 259,300,000.00
Netcashreceivedfromsubsidiaryand
other operatingunit
Othercashpaidrelatingtoinvesting
activities
Subtotal ofcashoutflowsfrominvesting 836,697,138.22 1,500,665,059.32
activities
The netcashflowgeneratedbyinvestment -836,697,138.22 -997,171,908.64
activities
3. Cashflowsfromfinancingactivities:
Proceedsfrominvestment 3,965,799,988.19
Proceedsfromborrowings 6,282,429,000.00 20,515,395,400.00
Otherproceedsrelatingtofinancing
activities
Subtotal cashinflowreceivedfromfinancing 6,282,429,000.00 24,481,195,388.19
activities
Cashrepaymentsofborrowings 5,438,545,606.71 28,587,442,043.95
Cashpaymentsfordistributionof 1,112,682,499.61 1,176,598,972.79
dividends, profitorinterestexpenses
Othercashpaymentsrelatingto
financing activities
Subtotal ofcashoutflowsfromfinancing 6,551,228,106.32 29,764,041,016.74
activities
The netcashflowgeneratedbyfinancing -268,799,106.32 -5,282,845,628.55
activities
4. Effectofforeignexchangeratechangeson 56,922,645.03 173,504,704.68
cash andcashequivalents
5. Netincreaseincashandcashequivalents 3,339,309,316.36 512,367,977.92
Add:Cashandcashequivalentsatthe 10,807,824,843.20 12,152,285,550.21
beginning oftheperiod
6. Cashandcashequivalentsattheendingof 14,147,134,159.56 12,664,653,528.13
the period
II. Adjustments of Financial Statements
1. Adjustments of beginning balance due to the first-time implementation of the new
financial instruments guidelines, new revenue standards, new lease standards
√ Applicable □ Not applicable
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Unit: yuan
Items Dec31st2018 Jan1st2019 Adjustmentamount
Current assets:
Cash atbankandonhand 16,567,471,755.77 16,567,471,755.77
Settlement provisions
Capital lent
Financial assetsheldfortrading
Financial assetsatfairvalue
through profitorloss
Derivative financialassets
Notes receivable 3,580,145,843.38 3,580,145,843.38
Accounts receivable 639,482,481.45 639,482,481.45
Receivables financing
Prepayments 1,321,537,514.78 1,321,537,514.78
Premium receivable
Reinsurance accountsreceivable
Receivable depositfor
reinsurance contract
Other receivables: 202,763,964.98 202,763,964.98
Including: Interestreceivables 11,608,705.43 11,608,705.43
Dividendreceivables
Redemptory financialassetsfor
sale
Inventories 10,677,747,112.40 10,677,747,112.40
Contract assets
Assets classifiedasheldforsale
Non-current assetsduewithin
one year
Other currentassets 292,119,771.13 292,119,771.13
Totalcurrentassets 33,281,268,443.89 33,281,268,443.89
Non-current assets:
Loan andadvancesissued
Debt investments
Available-for-salefinancialassets 1,041,824,829.00 -1,041,824,829.00
Other debtinvestments
Held-to-maturityinvestments
Long-term receivables
Long-term equityinvestments 2,455,681.55 2,455,681.55
Other equityinstrument
1,041,824,829.00 1,041,824,829.00
investments
Other non-currentfinancialassets
Investmentproperties
Fixed assets 23,924,504,539.97 23,924,504,539.97
Constructioninprogress 836,594,457.82 836,594,457.82
Productivebiologicalassets
Oil andgasassets
Right ofuseassets
Intangible assets 278,062,441.04 278,062,441.04
Developmentexpenditure
Goodwill
Long-termdeferredexpenses
Deferredtaxassets 191,452,547.21 191,452,547.21
Other non-currentassets 76,341,975.35 76,341,975.35
Totalnon-currentassets 26,351,236,471.94 26,351,236,471.94
Totalassets 59,632,504,915.83 59,632,504,915.83
Current Liabilities:
Short-termloans 11,938,490,375.85 11,938,490,375.85
Loan fromcentralbank
Absorbed depositandinterbank
deposit
Financial liabilitiesheldfor
trading
Financial liabilitiesatfairvalue
through profitorloss
Derivativefinancialliabilities
Note payables 10,013,192,014.02 10,013,192,014.02
Accountpayables 5,522,042,811.65 5,522,042,811.65
Advance fromcustomers 3,331,854,098.42 3,331,854,098.42
Financial assetssoldfor
repurchase
Deposits fromcustomersand
interbank
Acting tradingsecurities
Actingunderwritingsecurities
Employee benefitspayable 51,466,231.72 51,466,231.72
Current taxliabilities 515,752,369.68 515,752,369.68
Other payables 862,511,178.96 862,511,178.96
Including: Interestpayables 9,658,681.99 9,658,681.99
Dividendpayables
Handling chargesand
commission payable
Reinsuranceaccountspayable
Contract liabilities
Liabilities heldforsale
Non-currentliabilitiesduewithin 350,965,576.32 350,965,576.32
one year
Other currentliabilities
Totalcurrentliabilities 32,586,274,656.62 32,586,274,656.62
Non-current liabilities:
Provisionforinsurancecontract
Long-term loans 7,083,640,094.16 7,083,640,094.16
Bonds payable
Including:Preferredstock
Perpetualbond
Lease liabilities
Long-termpayables 13,686,705.92 13,686,705.92
Long-term employeebenefits
payables
Estimatedliabilities
Deferred income 289,499,002.97 289,499,002.97
Deferred taxliabilities
Other non-currentliabilities
Total non-currentliabilities 7,386,825,803.05 7,386,825,803.05
Total liabilities 39,973,100,459.67 39,973,100,459.67
Shareholders’ equity:
Share capital 3,875,371,532.00 3,875,371,532.00
Other equityinstruments
Including:Preferredstock
Perpetual bond
Capital reserves 12,343,209,847.29 12,343,209,847.29
Less: treasuryshares
Other comprehensiveincome
Special reserves 683,937.71 683,937.71
Surplus reserves 961,105,529.85 961,105,529.85
General riskreserves
Undistributed profits 1,945,887,269.82 1,945,887,269.82
Total equityattributabletoequity 19,126,258,116.67 19,126,258,116.67
holders oftheparentcompany
Non-controlling interests 533,146,339.49 533,146,339.49
Total shareholder’sequity 19,659,404,456.16 19,659,404,456.16
Total liabilitiesandshareholder’s 59,632,504,915.83 59,632,504,915.83
equity
Notes:
STATEMENOT OF FINANCIAL POSITION OF THE PARENT COMPANY
Unit: Yuan
Items Dec31st2018 Jan1st2019 Adjustmentamount
Current assets:
Cashatbankandonhand 15,536,305,375.00 15,536,305,375.00
Financialassetsheldfortrading
Financialassetsatfairvaluethroughprofit
or loss
Derivativefinancialassets
Notes receivable 3,356,020,598.89 3,356,020,598.89
Accountsreceivable 409,553,059.27 409,553,059.27
Receivablesfinancing
Prepayments 1,309,194,738.97 1,309,194,738.97
Otherreceivables 235,037,391.46 235,037,391.46
Including:Interestreceivables 9,815,280.04 9,815,280.04
Dividendreceivables
Inventories 8,681,362,081.72 8,681,362,081.72
Contractassets
Assetsclassifiedasheldforsale
Non-currentassetsduewithinoneyear
Othercurrentassets 193,989,096.20 193,989,096.20
Totalcurrentassets 29,721,462,341.51 29,721,462,341.51
Non-current assets:
Debtinvestments
Available-for-salefinancialassets 1,041,624,829.00 -1,041,624,829.00
Otherdebtinvestments
Held-to-maturityinvestment
Long-termreceivables
Long-termequityinvestments 2,016,281,902.16 2,016,281,902.16
Otherequityinstrumentinvestments 1,041,624,829.00 1,041,624,829.00
Othernon-currentfinancialassets
Investmentproperties
Fixedassets 22,035,187,328.57 22,035,187,328.57
Constructioninprogress 825,553,510.15 825,553,510.15
Productivebiologicalassets
Oilandgasassets
Rightofuseassets
Intangibleassets 148,776,177.96 148,776,177.96
Developmentexpenditure
Goodwill
Long-termdeferredexpenses
Deferredtaxassets 96,220,003.00 96,220,003.00
Othernon-currentassets 76,341,975.35 76,341,975.35
Totalnon-currentassets 26,239,985,726.19 26,239,985,726.19
Totalassets 55,961,448,067.70 55,961,448,067.70
Current Liabilities:
Short-termloans 10,624,270,375.85 10,624,270,375.85
Financialassetsheldfortrading
Financialliabilitiesatfairvaluethrough
profit orloss
Derivativefinancialliabilities
Notespayable 9,213,748,427.22 9,213,748,427.22
Accountspayable 5,940,816,426.48 5,940,816,426.48
Advancefromcustomers 3,189,143,565.45 3,189,143,565.45
Contractliabilities
Employeebenefitspayable 49,378,095.47 49,378,095.47
Currenttaxliabilities 507,003,883.57 507,003,883.57
Otherpayables 538,051,513.13 538,051,513.13
Including:Interestpayables 7,341,833.33 7,341,833.33
Dividendpayables
Liabilitiesheldforsale
Non-currentliabilitiesduewithinoneyear 350,965,576.32 350,965,576.32
Othercurrentliabilities
Totalcurrentliabilities 30,413,377,863.49 30,413,377,863.49
Non-current liabilities:
Long-termloans 7,083,640,094.16 7,083,640,094.16
Bondspayable
Including:Preferredstock
Perpetualbond
Leaseliabilities
Long-termpayables 13,686,705.92 13,686,705.92
Long-termemployeebenefitspayable
Estimatedliabilities
Deferredincomes 289,499,002.97 289,499,002.97
Deferredtaxliabilities
Othernon-currentliabilities
Totalnon-currentliabilities 7,386,825,803.05 7,386,825,803.05
Totalliabilities 37,800,203,666.54 37,800,203,666.54
Shareholders’equity:
Sharecapital 3,875,371,532.00 3,875,371,532.00
Otherequityinstruments
Including:Preferredstock
Perpetualbond
Capitalreserves 11,923,058,165.17 11,923,058,165.17
Less:treasuryshares
Othercomprehensiveincome
Specialreserves 525,218.48 525,218.48
Surplusreserves 961,105,529.85 961,105,529.85
Undistributedprofits 1,401,183,955.66 1,401,183,955.66
Totalshareholder’sequity 18,161,244,401.16 18,161,244,401.16
Totalliabilitiesandshareholder’sequity 55,961,448,067.70 55,961,448,067.70
Notes:
2. Retroactive adjustment due to the first time implementation of the new financial
instruments guidelines and new lease standards□ Applicable √ Not applicable
III. Audit report
Whether the third quarter report is audited
□ Yes √ No
The third quarter report is not audited.
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