Bengang Steel Plates Co., Ltd.
Third Quarter Report 2019
October 2019I. Important NoticetThheeSBuopaerrdvisoofryDiCreocmtomrsi,ttteheeaSnudpseervniisoorrymaCnoamgemmitetnete oafndthetheCoDmirpeacntoyrsg,umareamntbeeersthoaftrtheperoerta,raenndoinmdiisvriedpuraelsleynatantdiocnoslloerctmiviesllyeaadcicnegpsttfautellmreesnptso,nosribmilaittyerfioarl tohmeiasusitohnenitnictihtyis,accuracy and integrity of the information contained in this report.
Arelplotrhtewmasemexbaemrsinoefdt.he Board of Directors attended the board meeting on which this
aGcacoouLnitein, gC, haanidrmZahnaoofZhthoengChouma,pCanhyie,fSohfenAcQcoiaunngti,ntgheAfpfraiinrcs,ipmalakine tchhearpgleedogfe tfhoer
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
At theendofthecurrent Increase or decrease at the end of
period Attheendofpreviousyear this reporting period over the
previous year
Totalassets（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 profitafterdeductingof
non-recurring gain/lossattributable 26,305,669.24 -49.16% 479,515,285.00 -38.26%
to theshareholdersoflisted
company（RMB）
Net Cashflowgeneratedby -- -- 8,225,117,860.64 18.63%
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
Items Fromthebeginningoftheyearto 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
Totalnumberofcommon Thetotalnumberofpreferred
shareholders attheendofthe 53,728shareholderswhosevotingrightshas 0
reporting period beenrestoredatendofthereporting
period（ifany）
Shareholding byTop10shareholders
Nameofthe Natureof Proportionof Quantity of Amountof Numberofsharepledged/frozen
shareholder shareholder sharesheld shares restrictedshares Stateofshare Quantity
held
Benxi Steel&Iron State-owne 61.44% 2,381,105,094 Pledged 732,115,333
(Group) Co.,Ltd. dlegal Frozen 45,000,000
person
Liaoning
Provincial State-owne
Transportation dlegal 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
Name oftheshareholder Numberofnon-restrictedcommonsharesheldatthe Categoryofshares
period-end Categoryofshares Quantity
Benxi Steel & Iron (Group) 2,381,105,094Commonsharesin 2,381,105,094
Co., Ltd. RMB
Liaoning Provincial Commonsharesin
Transportation Investment 184,842,883RMB 184,842,883
Group Co.,Ltd.
CCB Principal Asset
Management – ICBC – CR Commonsharesin
Trust – CRTrust· XingSheng 184,842,883RMB 184,842,883
No. 5 Collective Fund Trust
Plan
Bei XinRuiFengFund–China
Merchants Bank– Bei XinRui 184,842,883Commonsharesin 184,842,883
Feng Fund Feng Qing No. 229 RMB
Asset ManagementPlan
China LifeAMPFund–ICBC–
China Life AMP – Hua Xin Commonsharesin
Trust Targeted Additional 184,842,883RMB 184,842,883
Shares Issuance No. 10 Asset
Management Plan
Liang Zhongqing 27,623,365Commonsharesin 27,623,365
RMB
Liu Qiuying 13,274,400Commonsharesin 13,274,400
RMB
VANGUARD EMERGING Foreignshares
MARKETS STOCK INDEX 8,157,311placedindomestic 8,157,311
FUND exchange
Chen Jinhong 6,876,375 Commonsharesin 6,876,375
RMB
Yi Honglu 6,426,080 Commonsharesin 6,426,080
RMB
Related-parties or ItisunknowntotheCompanywhetherthereisanyrelatedpartiesoraction-in-concertpartiesas
acting-in-concert partiesamong definedin“MeasuresfortheAdministrationoftheTakeoverofListedCompanies”amongthe
the above-mentioned above-mentionedshareholders.
shareholders
BenxiSteel&Iron(Group)Co.,Ltd.holds2,142,105,094sharesofthecompanythroughan
Shareholders amongthetop10 ordinarysecuritiesaccount,andholds239,000,000sharesthroughtheinvestor'screditsecurities
participating insecurities account,therefore,itholdsatotalof2,381,105,094shares.LiangZhongqingholds500sharesof
margin trading(ifany) thecompanythroughgeneralsecuritiesaccountand27,622,865sharesofthecompanythrough
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 statement1. Statement of Financial Position Increase / Reasons
Decrease
Due to the increase of construction in
Constructionin progress 113% progress that did not meet the conditions of
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
endofthis period
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 statements2. Statement of comprehensive income 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 tax expenses 84% Due to the increase of deferred income tax
Profitorlossof non-controlling -114% Due to the decrease of profit of holding
shareholders subsidiaries
3.Statementofcashflows Increase/ Reasons
Decrease
Othercashreceivedrelatingto 115% Due to the increase of other cash received
operatingactivities relatingtooperatingactivities
Cashpaidforalltypesoftaxes 47% Due to the increase of taxes paid during the
currentperiod
Cashpaidforacquisitionoffixed Due to the increase in cash paid for the purchase
assets,intangibleassetsandother 297% of the Group's 2300 and 1780 rolling mill
long-termassets equipmentduringtheperiod.
Cashreceivedfromborrowings -65% Due to the decrease of reception of
borrowings
Cashrepaymentsofborrowings -77% Due to the decrease of cash on repayment of
borrowings
II. ePxrpolgarneasstioanndoninsfoluluenticoensof significant events, as well as the analysis and
√ 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
websitequery index
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 production lineheldbyBenxi
Iron andSteelCo.,Ltd.andthe
equipment andequipmentassets
related tothe1780mmhotrollingmill September 03,2019 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. AThcteuaUlndCeorn-Ftruollfliellrm, eAntcqCuoirmerm, itDmireencttsorb,y SthuepeErvnidsoro,f tSheeniPoreriModanMagaedme ebnyt
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, December 9, 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 commitments to
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.
IVnItIe.rvRieegwisitnrathtiiosnRefpoorrmtingofPerAiocdtivities such as Research, Communication,
□ 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.
SIXh.arIellhuosltdreartiaonnds RofelaNteodn-POapretireasting Occupation of Funds by the Controlling
□ 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:
Cash atbankandonhand 19,984,210,581.72 16,567,471,755.77
Settlement provisions
Capital lent
Financial assetsheldfortrading
Financial assetsatfairvaluethrough
profit orloss
Derivative financialassets
Notes receivable 2,647,287,059.10 3,580,145,843.38
Accounts receivable 592,287,178.61 639,482,481.45
Receivables financing
Prepayments 1,284,152,966.11 1,321,537,514.78
Premium receivable
Reinsurance accountsreceivable
Receivable depositforreinsurance
contract
Other receivables: 208,492,688.07 202,763,964.98
Including: Interestreceivables 12,642,974.12 11,608,705.43
Dividendreceivables
Redemptory financialassetsforsale
Inventories 9,648,655,795.97 10,677,747,112.40
Contract assets
Assets classifiedasheldforsale
Non-current assetsduewithinoneyear
Other currentassets 330,615,190.73 292,119,771.13
Total currentassets 34,695,701,460.31 33,281,268,443.89
Non-current assets:
Loan andadvancesissued
Debt investments
Available-for-salefinancialassets 1,041,824,829.00
Other debtinvestments
Held-to-maturityinvestments
Long-term receivables
Long-term equityinvestments 2,481,589.04 2,455,681.55
Other equityinstrumentinvestments 1,041,824,829.00
Other non-currentfinancialassets
Investment properties
Fixed assets 25,722,058,707.79 23,924,504,539.97
Constructioninprogress 1,785,959,831.48 836,594,457.82
Productivebiologicalassets
Oil andgasassets
Right ofuseassets
Intangible assets 273,141,866.04 278,062,441.04
Development expenditure
Goodwill
Long-termdeferredexpenses
Deferredtaxassets 174,168,423.31 191,452,547.21
Other non-currentassets 64,027,424.81 76,341,975.35
Total non-currentassets 29,063,662,671.47 26,351,236,471.94
Total assets 63,759,364,131.78 59,632,504,915.83
Current Liabilities:
Short-termloans 12,535,851,000.00 11,938,490,375.85
Loan fromcentralbank
Absorbed depositandinterbankdeposit
Financial liabilitiesheldfortrading
Financial liabilitiesatfairvaluethrough
profit orloss
Derivative financialliabilities
Notes payable 10,721,947,779.82 10,013,192,014.02
Accountspayable 8,297,245,042.10 5,522,042,811.65
Advance fromcustomers 3,716,963,704.35 3,331,854,098.42
Contract Liabilities
Financial assetssoldforrepurchase
Deposits fromcustomersandinterbank
Acting tradingsecurities
Actingunderwritingsecurities
Employee benefitspayable 50,531,098.73 51,466,231.72
Current taxliabilities 55,344,641.91 515,752,369.68
Other payables 850,901,676.15 862,511,178.96
Including: Interestpayables 8,014,283.24 9,658,681.99
Dividendpayables
Handling chargesandcommission
payable
Reinsuranceaccountspayable
Liabilities heldforsale
Non-currentliabilitiesduewithinone 2,288,751,448.16 350,965,576.32
year
Other currentliabilities
Total currentliabilities 38,517,536,391.22 32,586,274,656.62
Non-current liabilities:
Provision forinsurancecontract
Long-term loans 4,972,547,175.82 7,083,640,094.16
Bonds payable
Including:Preferredstock
Perpetual bond
Lease liabilities
Long-termpayables 74,746,302.05 13,686,705.92
Long-term employeebenefitspayables
Estimated liabilities
Deferredincome 230,018,022.97 289,499,002.97
Deferredtaxliabilities
Other non-currentliabilities
Total non-currentliabilities 5,277,311,500.84 7,386,825,803.05
Total liabilities 43,794,847,892.06 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 20,609,493.36 683,937.71
Surplus reserves 961,105,529.85 961,105,529.85
General riskreserves
Undistributed profits 2,239,557,940.10 1,945,887,269.82
Total equityattributabletoequityholdersof 19,439,854,342.60 19,126,258,116.67
the parentcompany
Non-controlling interests 524,661,897.12 533,146,339.49
Total shareholder’sequity 19,964,516,239.72 19,659,404,456.16
Total liabilitiesandshareholder’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:
Cash atbankandonhand 18,280,266,796.50 15,536,305,375.00
Financial assetsheldfortrading
Financial assetsatfairvaluethrough
profit orloss
Derivative financialassets
Notes receivable 2,570,575,588.41 3,356,020,598.89
Accounts receivable 377,395,508.27 409,553,059.27
Receivables financing
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
Contract assets
Assets classifiedasheldforsale
Non-currentassetsduewithinoneyear
Other currentassets 265,082,350.56 193,989,096.20
Total currentassets 31,163,791,838.79 29,721,462,341.51
Non-current assets:
Debt investments
Available-for-salefinancialassets 1,041,624,829.00
Other debtinvestments
Held-to-maturityinvestment
Long-term receivables
Long-term equityinvestments 2,016,281,902.16 2,016,281,902.16
Other equityinstrumentinvestments 1,041,624,829.00
Other non-currentfinancialassets
Investment properties
Fixed assets 24,088,077,920.91 22,035,187,328.57
Constructioninprogress 1,770,671,281.92 825,553,510.15
Productivebiologicalassets
Oil andgasassets
Right ofuseassets
Intangible assets 146,296,575.00 148,776,177.96
Development expenditure
Goodwill
Long-termdeferredexpenses
Deferredtaxassets 80,389,854.83 96,220,003.00
Other non-currentassets 64,027,424.81 76,341,975.35
Total non-currentassets 29,207,369,788.63 26,239,985,726.19
Total assets 60,371,161,627.42 55,961,448,067.70
Current Liabilities:
Short-termloans 11,235,851,000.00 10,624,270,375.85
Financial assetsheldfortrading
Financial liabilitiesatfairvaluethrough
profit orloss
Derivative financialliabilities
Notes payable 8,554,883,676.61 9,213,748,427.22
Accountspayable 10,401,360,265.58 5,940,816,426.48
Advance fromcustomers 3,570,678,789.25 3,189,143,565.45
Contract liabilities
Employee benefitspayable 50,140,067.57 49,378,095.47
Current taxliabilities 5,563,337.07 507,003,883.57
Other payables 522,902,727.37 538,051,513.13
Including: Interestpayables 6,247,124.51 7,341,833.33
Dividendpayables
Liabilities heldforsale
Non-currentliabilitiesduewithinone 2,288,751,448.16 350,965,576.32
year
Other currentliabilities
Total currentliabilities 36,630,131,311.61 30,413,377,863.49
Non-current liabilities:
Long-term loans 4,972,547,175.82 7,083,640,094.16
Bonds payable
Including: Preferredstock
Perpetualbond
Lease liabilities
Long-termpayables 74,746,302.05 13,686,705.92
Long-term employeebenefitspayable
Estimated liabilities
Deferredincomes 230,018,022.97 289,499,002.97
Deferredtaxliabilities
Other non-currentliabilities
Total non-currentliabilities 5,277,311,500.84 7,386,825,803.05
Total liabilities 41,907,442,812.45 37,800,203,666.54
Shareholders’equity:
Share capital 3,875,371,532.00 3,875,371,532.00
Other equityinstruments
Including: Preferredstock
Perpetualbond
Capital reserves 11,923,058,165.17 11,923,058,165.17
Less: treasuryshares
Other comprehensiveincome
Special reserves 16,323,073.17 525,218.48
Surplus reserves 961,105,529.85 961,105,529.85
Undistributedprofits 1,687,860,514.78 1,401,183,955.66
Total shareholder’sequity 18,463,718,814.97 18,161,244,401.16
Total liabilitiesandshareholder’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
Interestincome
Premiumearned
Incomefromhandlingcharges
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
Interestcost
Expenditureforhandlingcharges
and commission
Surrendervalue
Netexpenditureforcompensation
Netprovisionforinsurance
contract appropriated
Bonuspaymentforpolicy
Reinsurancepremium
Taxesandsurcharges 60,775,436.14 65,070,725.45
Sellinganddistributionexpenses 257,155,173.90 277,192,418.87
Generalandadministrative 219,140,981.53 194,084,503.86
expenses
Researchanddevelopment 7,306,019.67 744,560.38
expenses
Financialexpenses 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
Asset impairmentlosses(“-"forloss) 6,821,520.16
Assets disposalgains（“-”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
2Netprofitattributableto 212,157.46 -568,608.86
non-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
Asset impairmentlosses(“-"forloss) 6,821,520.16
Assets disposalgains（“-”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
Interestincome
Premiumearned
Incomefromhandlingcharges
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
Interestcost
Expenditureforhandlingcharges
and commission
Surrendervalue
Netexpenditureforcompensation
Netprovisionforinsurance
contract appropriated
Bonuspaymentforpolicy
Reinsurancepremium
Taxesandsurcharges 174,900,799.11 218,378,101.09
Sellinganddistributionexpenses 831,600,373.04 791,230,427.82
Generalandadministrative 665,908,793.30 655,926,928.42
expenses
Researchanddevelopment 22,714,491.95 3,215,201.91
expenses
Financialexpenses 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
Asset impairmentlosses(“-"forloss) 27,739,483.80
Assets disposalgains（“-”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
1 Netprofitattributabletothe 487,439,246.88 825,182,211.60
owners ofparentcompany
2 Netprofitattributableto -62,769.27 453,194.90
non-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
Incomefromderecognition
of financialassetsmeasuredatamortisedcost
("-" forloss)
Hedgingincomefromnetexposure(“-"
for loss)
Gainsfromthechangeinfairvalue(“-"
for loss)
Expectedcreditlosses(“-"forloss) 4,996,635.28
Asset impairmentlosses(“-"forloss) 27,739,483.80
Assets disposalgains（“-”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:
Cash receivedfromsaleofgoodsor 26,790,594,559.41 26,188,229,365.29
rendering ofservices
Net increaseofcustomers’depositand
interbank deposit
Net increaseofloanfromcentralbank
Net increaseofloansfromother
financial institutions
Cash receivedforpremiumoforiginal
insurance contract
Net cashreceivedforreinsurance
business
Net increaseofdepositandinvestment
of theinsured
Net increaseofFinancialassetsatfair
value throughprofitorloss
Cash fromreceivinginterest,handling
charge andcommission
Net increaseofloansfromother
financial institutions
Net increaseoffundforbuy-back
business
Taxrebatereceived 330,537,134.71 284,799,886.80
Other cashreceivedrelatingto 179,458,663.12 83,617,244.68
operating activities
Subtotal ofcashinflowreceivedfrom 27,300,590,357.24 26,556,646,496.77
operation activities
Cash paidforgoodsandservices 16,361,584,571.18 17,207,337,978.80
Net increaseofcustomer’sloanand
advances
Net increaseofdepositincentralbank
and interbankdeposit
Cash forpaymentofcompensationfor
original insurancecontract
Cash forpaymentofinterest,handling
charge andcommission
Cash forpaymentofpolicybonus
Cash paidtoandonbehalfof 1,450,655,474.24 1,438,947,941.23
employees
Cash paidforalltypesoftaxes 911,658,861.03 618,124,974.18
Other cashpaidrelatingtooperating 351,573,590.15 358,768,202.58
activities
Subtotal ofcashoutflowfromoperation 19,075,472,496.60 19,623,179,096.79
activities
Net cashflowsgeneratedfromoperating 8,225,117,860.64 6,933,467,399.98
activities
2. Cashflowsfrominvestingactivities:
Cash receivedfromreturnon 500,000,000.00
investments
Cash receivedfromdistributionof 3,493,150.68
dividends orprofit
Net cashreceivedfromdisposalof
fixed assets,intangibleassetsandother
long-term assets
Net cashreceivedfromdisposalof
subsidiary andotheroperatingunits
Other cashpaidrelatingtoinvesting
activities
Subtotal ofcashinflowsreceivedfrom 503,493,150.68
investing activities
Cash paidforacquisitionoffixed
assets, intangibleassetsandotherlong-term 5,012,911,837.02 1,261,912,086.54
assets
Cash paidforacquisitionofinvestments
Net increaseofmortgageloan
Net cashreceivedfromsubsidiaryand
other operatingunit
Other cashpaidrelatingtoinvesting
activities
Subtotal ofcashoutflowsfrominvesting 5,012,911,837.02 1,261,912,086.54
activities
The netcashflowgeneratedbyinvestment -5,012,911,837.02 -758,418,935.86
activities
3. Cashflowsfromfinancingactivities:
Proceeds frominvestment 3,965,799,988.19
Including: Proceedsfrominvestmentof
non-controlling shareholdersofsubsidiary
Proceeds fromborrowings 7,482,429,000.00 21,592,058,293.24
Other proceedsrelatingtofinancing
activities
Subtotal cashinflowreceivedfromfinancing 7,482,429,000.00 25,557,858,281.43
activities
Cash repaymentsofborrowings 6,938,475,606.71 29,751,998,311.55
Cash paymentsfordistributionof 1,194,142,072.60 1,220,039,424.07
dividends, profitorinterestexpenses
Including: Cashpaidtonon-controlling
shareholders asdividendandprofitby
subsidiaries
Other cashpaymentsrelatingto
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:
Cash receivedfromsaleofgoodsor 25,300,199,068.22 25,652,120,540.51
rendering ofservices
Taxrebatereceived 284,437,850.97 119,119,395.04
Other cashreceivedrelatingto 174,941,066.19 80,682,696.51
operating activities
Subtotal ofcashinflowreceivedfrom 25,759,577,985.38 25,851,922,632.06
operation activities
Cash paidforgoodsandservices 14,731,205,692.56 17,009,484,822.48
Cash paidtoandonbehalfof 1,371,069,525.86 1,372,731,925.30
employees
Cash paidforalltypesoftaxes 789,815,447.75 528,120,047.39
Other cashpaidrelatingtooperating 310,224,763.98 322,705,026.46
activities
Subtotal ofcashoutflowfromoperation 17,202,315,430.15 19,233,041,821.63
activities
Net cashflowsgeneratedfromoperating 8,557,262,555.23 6,618,880,810.43
activities
2. Cashflowsfrominvestingactivities:
Cash receivedfromreturnon 500,000,000.00
investments
Cash receivedfromdistributionof 3,493,150.68
dividends orprofit
Net cashreceivedfromdisposalof
fixed assets,intangibleassetsandother
long-term assets
Net cashreceivedfromdisposalof
subsidiary andotheroperatingunits
Other cashpaidrelatingtoinvesting
activities
Subtotal ofcashinflowreceivedfrom 503,493,150.68
investing activities
Cash paidforacquisitionoffixed
assets, intangibleassetsandotherlong-term 5,006,076,777.58 1,241,365,059.32
assets
Cash paidforacquisitionofinvestments 259,300,000.00
Net cashreceivedfromsubsidiaryand
other operatingunit
Other cashpaidrelatingtoinvesting
activities
Subtotal ofcashoutflowsfrominvesting 5,006,076,777.58 1,500,665,059.32
activities
The netcashflowgeneratedbyinvestment -5,006,076,777.58 -997,171,908.64
activities
3. Cashflowsfromfinancingactivities:
Proceeds frominvestment 3,965,799,988.19
Proceeds fromborrowings 6,282,429,000.00 20,515,395,400.00
Other proceedsrelatingtofinancing
activities
Subtotal cashinflowreceivedfromfinancing 6,282,429,000.00 24,481,195,388.19
activities
Cash repaymentsofborrowings 5,438,545,606.71 28,587,442,043.95
Cash paymentsfordistributionof 1,112,682,499.61 1,176,598,972.79
dividends, profitorinterestexpenses
Other cashpaymentsrelatingto
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
Settlementprovisions
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
Reinsuranceaccountsreceivable
Receivabledepositfor
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-currentassetsduewithin
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:
Loanandadvancesissued
Debtinvestments
Available-for-salefinancialassets 1,041,824,829.00 -1,041,824,829.00
Otherdebtinvestments
Held-to-maturityinvestments
Long-termreceivables
Long-termequityinvestments 2,455,681.55 2,455,681.55
Otherequityinstrument 1,041,824,829.00 1,041,824,829.00
investments
Othernon-currentfinancialassets
Investmentproperties
Fixedassets 23,924,504,539.97 23,924,504,539.97
Constructioninprogress 836,594,457.82 836,594,457.82
Productivebiologicalassets
Oilandgasassets
Rightofuseassets
Intangibleassets 278,062,441.04 278,062,441.04
Developmentexpenditure
Goodwill
Long-termdeferredexpenses
Deferredtaxassets 191,452,547.21 191,452,547.21
Othernon-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
Loanfromcentralbank
Absorbeddepositandinterbank
deposit
Financialliabilitiesheldfor
trading
Financialliabilitiesatfairvalue
through profitorloss
Derivativefinancialliabilities
Notepayables 10,013,192,014.02 10,013,192,014.02
Accountpayables 5,522,042,811.65 5,522,042,811.65
Advancefromcustomers 3,331,854,098.42 3,331,854,098.42
Financialassetssoldfor
repurchase
Depositsfromcustomersand
interbank
Actingtradingsecurities
Actingunderwritingsecurities
Employeebenefitspayable 51,466,231.72 51,466,231.72
Currenttaxliabilities 515,752,369.68 515,752,369.68
Otherpayables 862,511,178.96 862,511,178.96
Including:Interestpayables 9,658,681.99 9,658,681.99
Dividendpayables
Handlingchargesand
commission payable
Reinsuranceaccountspayable
Contractliabilities
Liabilitiesheldforsale
Non-currentliabilitiesduewithin 350,965,576.32 350,965,576.32
one year
Othercurrentliabilities
Totalcurrentliabilities 32,586,274,656.62 32,586,274,656.62
Non-current liabilities:
Provisionforinsurancecontract
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-termemployeebenefits
payables
Estimatedliabilities
Deferredincome 289,499,002.97 289,499,002.97
Deferredtaxliabilities
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
Undistributedprofits 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-controllinginterests 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:
Cash atbankandonhand 15,536,305,375.00 15,536,305,375.00
Financial assetsheldfortrading
Financial assetsatfairvaluethroughprofit
or loss
Derivative financialassets
Notes receivable 3,356,020,598.89 3,356,020,598.89
Accounts receivable 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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