粤高速B：2019年第三季度报告全文（英文版）

Guangdong Provincial Expressway Development Co.，Ltd.The Third Quarterly Report 2019

October 2019

I. Important Notice

The Board of Directors and the Supervisory Committee of the Company and its directors supervisors and senior

executives should guarantee the reality accuracy and completion of the quarterly report there are no any fictitious

statements misleading statements or important omissions carried in this report and shall take legal

responsibilities individual and or joint.

All of the directors presented the board meeting at which this Quarterly Report was examined.

Mr.Zheng Renfa Leader Mr.Wang Chunhua General Manager Mr. Fang Zhi Chief of the accounting workMs

Zhou Fang Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and completeness

of the financial report enclosed in this report.II. Basic Information of the Company

（1）Main financial data and financial index

Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.√ Yes □No

Reasons for retrospective restatements:

Accounting policy change

This period

Same period of last year

Changes of this

period over same

period of last year

（％）

Before adjustment After adjustment After adjustment

Gross assets（Yuan） 16977369289.08 16295910774.45 16295910774.45 4.18%

Net assets attributable to the

shareholders of the listed

company（Yuan）

9588602867.94 9586701904.06 9586701904.06 0.02%

Reporting period

Increase/decrease

over the same period

of last year（%）

Between beginning

of the year to the

end of the report

period

Changed （%）over

end of prev. yearOperating revenue (Yuan） 796831081.45 -6.34% 2280504326.66 -4.45%

Net profit attributable to the

shareholders of the listed

company（Yuan）

371244455.76 -15.88% 1107730568.06 -9.23%

Net profit after deducting of

non-recurring gain/loss

attributable to the shareholders

of listed company（Yuan）

372502498.79 -12.80% 1097541533.87 -7.00%

Cash flow generated by business

operation net（Yuan）

-- -- 1634783603.99 13.60%

Basic earning per

share(RMB/Share)

0.18 -14.29% 0.53 -8.62%

Diluted gains per

share(Yuan/Share)

0.18 -14.29% 0.53 -8.62%

Weighted average income/asset

ratio（%）

3.95% -0.96% 11.48% -2.02%

The reasons for the change of Accounting Policy and the Correction of Accounting errors

On April 30 2019 the Notice of the Ministry of Finance on Revising and Issuing the Format of Financial

Statements of General Enterprises (No. 6 Finance and Accounting [2019]) issued by the Ministry of Finance

adjusts the format of financial statements of enterprises accordingly and regulates that the detailed items of

"management expenses" and "R&D expenses" should be separated from the items of "management expenses" in

the profit statement; it also indicates that the actual government subsidies received should be listed in the item

"cash received from other business activities". In response to such change of accounting policy the Company

adopts the retroactive adjustment method to retroactively adjust the items reported in the financial statements from

January to September in 2018.Items and amount of non-current gains and losses

√ Applicable □ Not applicable

In RMB

Items

Amount (Year-beginning to

the end of the report

period.)

Notes

Non-current asset disposal gain/loss(including the write-off part

for which assets impairment provision is made)

10469562.85

Mainly due to the transfer of in

tellectual property income relat

ed to“Blue Channel”by Guan

gdong Expressway Technology

Investment Co. Ltd.Govemment subsidies recognized in current gain and

loss(excluding those closely related to the Company’s business

and granted under the state’s policies)

1146092.93

Other non-business income and expenditures other than the -84324.89

Items

Amount (Year-beginning to

the end of the report

period.)

Notes

above

Less: Amount of influence of income tax 1771748.41

Amount of influence of minority interests(after tax) -429451.71

Total 10189034.19 --

Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in

the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the

Public-Extraordinary Gains and Losses or classifies any extraordinary gain/loss item mentioned in the said

explanatory announcement as a recurrent gain/loss item.

□ Applicable √Not applicable

None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information

disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period

1. About Total Common Shareholders Total Preference Shareholders with the Voting Power Recovered

and the Shares Held by Top Ten Common Shareholders

In shares

Total number of common

shareholders at the period-end

56063

Total preference

shareholders with the voting

power recovered at the end

of the reporting period(if

any)

Shares held by the top 10 shareholders

Shareholder

name

Properties of

shareholder

proportion %

Quantity

Amount of

tradable shares

with

Conditional

held

Pledging or freezing

Status of the

Quantity

Guangdong

Communicatio

n Group Co.Ltd.State-owned

legal person

24.56% 513412507 410032765

Guangdong

Highway

Construction

Co. Ltd

State-owned

legal person

22.30% 466325020

Yadong Fuxing

Yalian

Domestic non

State-own

9.68% 202429149

Investment Co.Ltd.ed

Legal person

Tibet Yingyue

Investment

Management

Co. Ltd.

State-owned

legal person

4.84% 101214574

Guangdong

Expressway

Co. Ltd.

State-owned

legal person

2.53% 52937491 19582228

Guangfa

Securities Co.Ltd.State-owned

legal person

1.45% 30364372

China Life

Insurance Co.Ltd.－Dividend

－Personal

dividend

-005L-FH002

Shen

Other 1.26% 26372664

China Life

Insurance Co.Ltd.－

Traditional－

Common

insurance

products-005L-

CT001Shen

Other 1.17% 24436318

Agricultural

Bank of China

－Jingshun

Great Wall

Energy

Infrastructure

Mixed

Securities

Investment

Fund

Other 0.95% 19909303

Feng Wuchu

Domestic

natural person

0.94% 19664788

Shares held by the Top 10 Shareholders of Non-restricted shares

Shareholders’ Names Number of the non-restricted shares held

Share type

Share type Quantity

Guangdong Highway

Construction Co. Ltd

466325020

RMB Common

466325020

Yadong Fuxing Yalian Investment

Co. Ltd.

202429149

RMB Common

202429149

Guangdong Communication

Group Co. Ltd.

103379742

RMB Common

103379742

Tibet Yingyue Investment

Management Co. Ltd.

101214574

RMB Common

101214574

Guangdong Expressway Co. Ltd. 33355263

RMB Common

33355263

Guangfa Securities Co. Ltd. 30364372

RMB Common

30364372

China Life Insurance Co. Ltd.－

Dividend －Personal dividend

-005L-FH002 Shen

26372664

RMB Common

26372664

China Life Insurance Co. Ltd.－

Traditional－Common insurance

products-005L-CT001Shen

24436318

RMB Common

24436318

Agricultural Bank of China－

Jingshun Great Wall Energy

Infrastructure Mixed Securities

Investment Fund

19909303

RMB Common

19909303

Feng Wuchu 19664788

RMB Common

17564325

Foreign shares

placed in

domestic

exchange

2100463

Explanation on associated

relationship or concerted action of

the above shareholders

Guangdong Communication Group Co. Ltd. is the parent company of Guangdong

Highway Construction Co. Ltd.and Guangdong Expressway Co. Ltd. It is unknown

whether there is relationship between other shareholders and whether they are persons

taking concerted action specified in the Regulations on Disclosure of Information about

Change in Shareholding of Shareholders of Listed Companies.

Participation of top 10

unconditional common share

shareholders in securities margin

trading (if any)

Nil

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a

buy-back agreement dealing in reporting period.□ Yes √ No

The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company

have no buy –back agreement dealing in reporting period.

2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the

report period

□Applicable √Not applicable

III Significant Events

I. Major changes of main accounting statement items and financial indicators in the reporting period as well as

reasons for the changes

√ Applicable □ Not applicable

（I）Items of balance sheet as compared with the same period of the previous year

1.Advance payment increased by 15.81 million yuan and 826.56% over the beginning of the year Mainly due to

the prepayment cancelation of the provincial toll station project payment by Guangdong Expressway Technology

Investment Co. Ltd.

2.Dividend receivable increased by 9.38 million yuan and 778.41% over the beginning of the year Mainly due to

the newly added cash dividends receivable of Ganzhou Kangda Expressway Co. Ltd in this reporting period.

3.Other non-current assets increased by 38.98 million yuan and 39.06% over the beginning of the year Mainly

due to the increase in the amount of deductable input taxes and the prepaid project payment of Sanbao to Shuikou

section of Fokai Expressway.

4. Item received in advance increased by 5.92 million yuan and 49.19% over the beginning of the year Mainly

due to the procurement payment of the electronic toll collection system (ETC) received in advance by Guangdong

Expressway Technology Investment Co. Ltd.

5.Interest payable increased by 16.36 million yuan and 182.31% over the beginning of the year Mainly due to the

increase in interest on the medium-term notes accrued by the Company；Other account payable increased by

127.54 million yuan and 77.25% over the beginning of the year Mainly due to the increase in one-year entrusted

loans borrowed by the Company from Guangdong Guanghui Expressway Co. Ltd.

6. Non-current liabilities due 1 year decreased by1819.13 million yuan and 72.81% over the beginning of the year

Mainly due to the comprehensive impact of the Company's repayment of maturity loans and the long-term

borrowings reclassified to the subject.

7.Long-term borrowing increased by 1746.82 million yuan and 58.56% over the beginning of the yearMainly due

to the combined impact by the Company's new loans advanced repayment of loans and the reclassified into non-current

liabilities due within one year.

8.Bonds payable increased by 678.01 million yuan over the beginning of the year Mainly due to the book value of

the 5-year medium-term notes issued by the Company with a face value of 680 million yuan as determined by the

effective interest method.(II) Items of income statement as compared with the same period of the previous year

1.Operating income decreased by RMB 106.13 million and 4.45 % year on year Mainly due to the following

factors: The main line of Foshan First Ring Road Yunzhan Expressway and Gao'en Expressway are open to traffic

and the traffic flow of the Fokai Expressway is diverted which reduces the toll revenue of Fokai Expressway;

affected by the comprehensive impact of the restriction on the passage of more than 40-seats buses the traffic

flow diverted due to the opening of the Nansha Bridge and the first phase of the Fanguan Expressway the toll

revenue of the Beijing-Zhuhai Expressway Guangzhu Section decreased; due to the natural increase in traffic

volume and the traffic volume increase caused by the closure of some sections of Foshan First Ring Road for

reconstruction the Guangfo Expressway toll revenue increased slightly.

2.R & D expenses decreased by RMB 3.03 million and 100% year on year Mainly due to the company did not

have R&D expenditures this year.

3.The Assets disposal income decreased by 53.24 million yuan and 80.22% year on yearMainly due to the

comprehensive impact of the disposal income of the 4.213 km expressway asset repurchased by the Zhuhai

High-tech Zone Management Committee recognized by Beijing-Zhuhai Expressway Guangzhu Section Co. Ltd

during the same period last year and the disposal income of the “Blue Channel” assets recognized in this period by

Guangdong Expressway Technology Investment Co. Ltd.(III) Notes of main items of cash flow statement

1. Taxes paid

Mainly due to calculate the income tax value-added tax and its additional taxes and fees actually paid in the

current period. The current period decreased by 349.85 million yuan and 53.01% year on year，Mainly due to inthe same period last year Guangdong Fokai Expressway Co. Ltd (deregistered) paid the assessed value-added

income tax and there was no such situation in the current period.

2.Net cash retrieved from disposal of fixed assets intangible assets and other long-term assets decreased by

214.22 million yuan and 93.88% year on year Mainly due to in the same period last year Jingzhu Expressway

Guangzhu Section Co. Ltd. received the compensation for the 4.213 km expressway asset of the Zhuhai section

of the Guang'ao Expressway transferred from the Zhuhai High-tech Zone Management Committee. and there was

no such situation in the current period. Guangdong Expressway Technology Investment Co. Ltd received the

funds from the transfer of the related intellectual property assets group of the “Blue Channel”.

3. Cash received from borrowing increased by RMB 2497.70 million and 198.39% year on year The reason

was that the parent company's borrowing increased in the current period

4. Cash to repay debts increased by RMB1526.52 million and 102.62% year on year The reason was that the

parent company's borrowing increased in the current period

II. The progress of significant events and influence as well as the analysis and explanation on resolving

proposal.

□ Applicable √ Not applicable

Progress in the implementation of share repurchase

□ Applicable √ Not applicable

Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding

□ Applicable √ Not applicable

III. Commitments finished in implementation by the Company shareholders actual controller acquirer

directors supervisors senior executives or other related parties in the reporting period and commitments

unfinished in implementation at the end of the reporting period

□ Applicable √ Not applicable

The company has no commitments completed in period and those without completed till lend of the period from

actual controller shareholders related parties purchaser and companies.IV. Investment in securities

√ Applicable □Not applicable

In RMB

Securi

categ

ory

Security

code

Stock

Abbreviatio

Initial

investmen

t cost

Mode of

accounting

measurement

Book value

balance at the

beginning of the

reporting period

Changes in

fair value of

the this

period

Cumulative fair

value changes in

equity

Purchase

amount

in the

this

period

Sale

amount

in the this

period

Gain/loss of

the reporting

period

Book value

balance at the

end of the

reporting period

Accountin

g items

Source of

the shares

Dome

stic

and

foreig

stocks

601818

China

Everbright

Bank

5175608

76.80

FVM 870443292.80 409343602.56 37876045.98 926904479.36

Investmen

t in other

equity

instrumen

Self fund

Total

5175608

76.80

-- 870443292.80 0.00 409343602.56 0.00 0.00 37876045.98 926904479.36 -- --

Disclosure date for the notice of

approval by the Board (If any)

July 222009

Disclosure date for the notice of

approval by shareholders’

Meeting (If any)

August 72009

V. Entrusted Financial Management

□ Applicable √Not applicable

There is no Entrusted Financial Management during the report period.VI. Investment in derivatives

□ Applicable √Not applicable

There is no derivative investment during the report period.VII. The registration form of acceptance of investigation communication and interview in the report

period for future reference

√ Applicable □ Not applicable

Reception time Way of reception Types of visitors Basic index

July 92019 Onsite investigation Organization

1. The main content of research:1. the daily

operation; 2. the company's financial data

analysis;3. development strategy; 4. analysis

on the industry. 2.Primary data investigation:

Public information company regularly reports

August 302019 By phone Organization

1. The main content of research:1. the daily

operation; 2. the company's financial data

analysis;3. development strategy; 4. analysis

on the industry. 2.Primary data investigation:

Public information company regularly reports

VIII. External guarantee get out of line

□ Applicable √Not applicable

The Company has no external guarantee get out of the line in the Period

IX. Controlling shareholder and its related parties occupying non-business capital of the listed company

□ Applicable √Not applicable

There are no controlling shareholder and its related parties occupying non-business capital of the listed company

in Period

IV. Financial Statement

I. Financial statement

1. Consolidated balance sheet

Prepared by：Guangdong Provincial Expressway Development Co. Ltd.September 302019

In RMB

Items September 302019 December 312018

Current asset：

Monetary fund 2608107818.50 2124524996.32

Settlement provision

Outgoing call loan

Transactional financial assets

Financial assets measured at fair

value with variations accounted into

current income account

Derivative financial assets

Notes receivable

Account receivable 94364130.30 91076995.07

Financing of receivables

Prepayments 17724649.63 1912943.40

Insurance receivable

Reinsurance receivable

Provisions of Reinsurance contracts

receivable

Other account receivable 28981121.30 16487256.02

Including：Interest receivable

Dividend receivable 10589003.82 1205472.90

Other receivable 18392117.48 15281783.12

Repurchasing of financial assets

Inventories 110142.49 81017.91

Contract assets

Assets held for sales

Non-current asset due within 1 year 51745.32 51745.32

Other current asset

Items September 302019 December 312018

Total of current assets 2749339607.54 2234134954.04

Non-current assets：

Loans and payment on other’s behalf

disbursed

Debt investment

Available for sale of financial assets 1668791594.53

Other investment on bonds

Expired investment in possess

Long-term receivable

Long term share equity investment 3308550142.93 3145644970.07

Other equity instruments investment 1725252781.09

Other non-current financial assets

Property investment 3386779.99 3579007.54

Fixed assets 7736561699.25 7600046319.91

Including：Fixed assets 7736550560.39 7600046319.91

Liquidation of fixed assets 11138.86

Construction in progress 927486048.46 1089473425.63

Including： Construction in

progress

925936492.46 1087923869.63

Engineering Materials 1549556.00 1549556.00

Production physical assets

Oil & gas assets

Use right assets

Intangible assets 4275730.21 5739020.48

Development expenses

Goodwill

Long-germ expenses to be amortized 1168273.16 1221781.88

Deferred income tax asset 382568788.55 447485034.79

Other non-current asset 138779437.90 99794665.58

Total of non-current assets 14228029681.54 14061775820.41

Total of assets 16977369289.08 16295910774.45

Current liabilities

Short-term loans

Loan from Central Bank

Items September 302019 December 312018

Borrowing funds

Transactional financial liabilities

Financial liabilities measured at fair

value with variations accounted into

current income account

Derivative financial liabilities

Notes payable

Account payable 175782922.78 203779190.74

Advance receipts 17962010.45 12039708.01

Contract Liabilities

Selling of repurchased financial

assets

Deposit taking and interbank deposit

Entrusted trading of securities

Entrusted selling of securities

Employees’ wage payable 13904082.42 13122437.17

Tax payable 108133060.11 104198746.06

Other account payable 337976604.89 191254464.84

Including：Interest payable 25328104.93 8971576.57

Dividend payable 20020119.31 17191142.23

Other account payable 292628380.65 165091746.04

Fees and commissions payable

Reinsurance fee payable

Liabilities held for sales

Non-current liability due within 1

year

679355000.00 2498480000.00

Other current liability

Total of current liability 1333113680.65 3022874546.82

Non-current liabilities：

Reserve fund for insurance contracts

Long-term loan 4729862500.00 2983040000.00

Bond payable 678013637.73

Including：preferred stock

Sustainable debt

Items September 302019 December 312018

Lease liability

Long-term payable 39625983.68 38022210.11

Including：Long-term payable 39625983.68 38022210.11

Special payable

Long-term remuneration payable to

staff

Expected liabilities

Deferred income

Deferred income tax liability 205807094.55 205672389.59

Other non-current liabilities

Total non-current liabilities 5653309215.96 3226734599.70

Total of liability 6986422896.61 6249609146.52

Owners’ equity

Share capital 2090806126.00 2090806126.00

Other equity instruments

Including：preferred stock

Sustainable debt

Capital reserves 2562570465.31 2536774965.31

Less：Shares in stock

Other comprehensive income 299870466.92 245109114.81

Special reserve

Surplus reserves 775402561.35 775402561.35

Common risk provision

Retained profit 3859953248.36 3938609136.59

Total of owner’s equity belong to the

parent company

9588602867.94 9586701904.06

Minority shareholders’ equity 402343524.53 459599723.87

Total of owners’ equity 9990946392.47 10046301627.93

Total of liabilities and owners’ equity 16977369289.08 16295910774.45

Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

2.Parent Company Balance Sheet

In RMB

Items September 302019 December 312018

Current asset：

Monetary fund 2541791378.47 2096597568.04

Transactional financial assets

Financial assets measured at fair

value with variations accounted into

current income account

Derivative financial assets

Notes receivable

Account receivable 18899568.06 18405847.15

Financing of receivables

Prepayments 15354534.88 1532057.82

Other account receivable 64704913.38 9323782.66

Including：Interest receivable 47999930.18 1880148.12

Dividend receivable 10589003.82 1205472.90

Other receivable 6115979.38 6238161.64

Inventories

Contract assets

Assets held for sales

Non-current asset due within 1 year 100000000.00 100000000.00

Other current asset

Total of current assets 2740750394.79 2225859255.67

Non-current assets：

Debt investment 687903684.98

Available for sale of financial assets 1668791594.53

Other investment on bonds

Expired investment in possess

Long-term receivable

Long term share equity investment 4842215151.74 4679309978.88

Other equity instruments investment 1725252781.09

Other non-current financial assets

Property investment 3134641.74 3326869.29

Items September 302019 December 312018

Fixed assets 5579284393.38 5292898635.00

Including：Fixed assets 5579284393.38 5292898635.00

Liquidation of fixed assets

Construction in progress 917225296.18 1060230773.10

Including： Construction in progress 917225296.18 1060230773.10

Engineering material

Production physical assets

Oil & gas assets

Use right assets

Intangible assets 1311756.15 1741277.53

Development expenses

Goodwill

Long-germ expenses to be amortized

Deferred income tax asset 382463329.68 447328530.77

Other non-current asset 97761670.41 790720727.48

Total of non-current assets 14236552705.35 13944348386.58

Total of assets 16977303100.14 16170207642.25

Current liabilities

Short-term loans

Transactional financial liabilities

Financial liabilities measured at fair

value with variations accounted into

current income account

Derivative financial liabilities

Notes payable

Account payable 137975484.46 124833335.72

Advance receipts

Contract Liabilities

Employees’ wage payable 5291187.31 5669203.37

Tax payable 7890788.11 10297144.52

Other account payable 296570159.17 142457135.79

Including：Interest payable 24809482.80 8373096.36

Dividend payable 20020119.31 17191142.23

Other account payable 251740557.06 116892897.20

Items September 302019 December 312018

Liabilities held for sales

Non-current liability due within 1

year

628685000.00 2327180000.00

Other current liability 848827738.16 977236252.44

Total of current liability 1925240357.21 3587673071.84

Non-current liabilities：

Long-term loan 4333167500.00 2731990000.00

Bond payable 678013637.73

Including：preferred stock

Sustainable debt

Lease liability

Long-term payable 39625983.68 38022210.11

Including：Long-term payable 39625983.68 38022210.11

Special payable

Long-term remuneration payable to

staff

Expected liabilities

Deferred income

Deferred income tax liability 102335900.64 88220604.00

Other non-current liabilities

Total non-current liabilities 5153143022.05 2858232814.11

Total of liability 7078383379.26 6445905885.95

Owners’ equity

Share capital 2090806126.00 2090806126.00

Other equity instruments

Including：preferred stock

Sustainable debt

Capital reserves 2974458696.93 2948663196.93

Less：Shares in stock

Other comprehensive income 299870466.92 245109114.81

Special reserve

Surplus reserves 759558277.70 759558277.70

Retained profit 3774226153.33 3680165040.86

Total of owners’ equity 9898919720.88 9724301756.30

Items September 302019 December 312018

Total of liabilities and owners’ equity 16977303100.14 16170207642.25

Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

3.Consolidated Income statement of the Report period

In RMB

Items Amount in this period Amount in last period

I. Turnover 796831081.45 850769743.92

Including: Operating income 796831081.45 850769743.92

Interest income

Insurance fee earned

Fee and commission received

II. Total operating costs 408683513.05 376040471.71

Including ：Operating costs 310517119.58 283488989.77

Interest expense

Fee and commission paid

Insurance discharge payment

Net claim amount paid

Appropriation of deposit for duty net

Insurance policy dividend paid

Reinsurance expenses

Business tax and surcharge 3696459.38 3887775.99

Sales expense

Administrative expense 40415600.33 32160291.46

R & D expense 541264.57

Financial expenses 54054333.76 55962149.92

Including ：Interest expense 58646545.15 59606588.17

Interest income 5500733.79 4644969.74

Add：Other income 725865.31 194598.16

Items Amount in this period Amount in last period

Investment gain（“-”for loss） 139449983.30 134304872.05

Including: investment gains from

affiliates

139066452.38 134304872.05

Financial assets measured at

amortized cost cease to be recognized

as income

Gains from currency exchange

Net exposure hedging income

Changing income of fair value

Credit impairment loss

Impairment loss of assets 1815828.92

Assets disposal income 21509712.51

III. Operating profit（“-”for loss） 528323417.01 632554283.85

Add ：Non-operating income 1237352.91 571258.42

Less: Non-operating expenses 485161.05 137992.92

IV. Total profit(“-”for loss) 529075608.87 632987549.35

Less：Income tax expenses 98800338.73 123881985.59

V. Net profit 430275270.14 509105563.76

(I) Classification by business

continuity

1.Net continuing operating profit 430275270.14 509105563.76

2.Termination of operating net profit

(II) Classification by ownership

1.Net profit attributable to the owners

of parent company

371244455.76 441303002.76

2.Minority shareholders’ equity 59030814.38 67802561.00

VI. Net after-tax of other

comprehensive income

24758918.08 42627645.56

Net of profit of other comprehensive in

come attributable to owners of the pare

nt company.

24758918.08 42627645.56

（I）Other comprehensive income

items that will not be reclassified into

gains/losses in the subsequent

accounting period

22937357.04

Items Amount in this period Amount in last period

1.Re-measurement of defined benefit pl

ans of changes in net debt or net assets

2.Other comprehensive income under t

he equity method investee can not be re

classified into profit or loss.

3. Changes in the fair value of

investments in other equity instruments

22937357.04

4. Changes in the fair value of the

company’s credit risks

5.Other（II）

Other comprehensive income that will

be reclassified into profit or loss.

1821561.04 42627645.56

1.Other comprehensive income under t

he equity method investee can be reclas

sified into profit or loss.

1821561.04 -1482656.44

2. Changes in the fair value of

investments in other debt obligations

3.Gains and losses from changes in fair

value available for sale financial assets

44110302.00

4. Other comprehensive income arising

from the reclassification of financial

assets

5.Held-to-maturity investments reclassi

fied to gains and losses of available for

sale financial assets

6. Allowance for credit impairments in

investments in other debt obligations

7. Reserve for cash flow hedges

Translation differences in currency fina

ncial statements

9.Other

Net of profit of other comprehensive in

come attributable to Minority

Items Amount in this period Amount in last period

shareholders’ equity

VII. Total comprehensive income 455034188.22 551733209.32

Total comprehensive income

attributable to the owner of the parent

company

396003373.84 483930648.32

Total comprehensive income

attributable minority shareholders

59030814.38 67802561.00

VIII. Earnings per share

（I）Basic earnings per share 0.18 0.21

(II)Diluted earnings per share 0.18 0.21

The current business combination under common control the net profits of the combined party before achieved ne

t profit of RMB 0.00 last period the combined party realized RMB0.00.Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

4.Income statement of the Parent Company of the Report period

In RMB

Items Amount in this period Amount in last period

I. Revenue 342418541.44 380022328.89

Including ：Operating costs 198429214.26 170355701.76

Business tax and surcharge 2004169.87 2323857.60

Sales expense

Administrative expense 24497934.85 18325889.09

R & D expense

Financial expenses 49775101.80 51345142.50

Including：Interest expenses 55249291.52 55947515.48

Interest income 5487589.69 4614243.77

Add：Other income 194598.16

Investment gain（“-”for loss） 154270235.80 820280096.41

Including: investment gains from

affiliates

139066452.38 134304872.05

Financial assets measured at

amortized cost cease to be recognized

as income

Net exposure hedging income

Changing income of fair value

Credit impairment loss

Impairment loss of assets 1240782.92

Assets disposal income

II. Operating profit（“-”for loss） 221982356.46 959387215.43

Add ：Non-operating income 953148.06 182721.87

Less：Non -operating expenses 357431.46 184874.00

III. Total profit(“-”for loss) 222578073.06 959385063.30

Less：Income tax expenses 20782022.44 34466045.99

IV. Net profit 201796050.62 924919017.31

1.Net continuing operating profit 201796050.62 924919017.31

2.Termination of operating net profit

V. Net after-tax of other

comprehensive income

24758918.08 42627645.56

（I）Other comprehensive income 22937357.04

Items Amount in this period Amount in last period

items that will not be reclassified into

gains/losses in the subsequent

accounting period

1.Re-measurement of defined benefit

plans of changes in net debt or net ass

ets

2.Other comprehensive income under

the equity method investee can not b

e reclassified into profit or loss.

3. Changes in the fair value of

investments in other equity

instruments

22937357.04

4. Changes in the fair value of the

company’s credit risks

5.Other（II）

Other comprehensive income that wil

l be reclassified into profit or loss.

1821561.04 42627645.56

1.Other comprehensive income under

the equity method investee can be re

classified into profit or loss.

1821561.04 -1482656.44

2. Changes in the fair value of

investments in other debt obligations

Gains and losses from changes in fair

value available for sale financial asset

44110302.00

4. Other comprehensive income

arising from the reclassification of

financial assets

5.Held-to-maturity investments reclas

sified to gains and losses of available

for sale financial assets

6. Allowance for credit

impairments in investments in other

debt obligations

7. Reserve for cash flow hedges

Translation differences in currency fi

Items Amount in this period Amount in last period

nancial statements

9.Other

VI. Total comprehensive income 226554968.70 967546662.87

VII. Earnings per share

（I）Basic earnings per share

(II)Diluted earnings per share

Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

5. Consolidated Income statement between the beginning of the year and end of the report period

In RMB

Items Amount in this period Amount in last period

I. Turnover 2280504326.66 2386633889.06

Including：Operating income 2280504326.66 2386633889.06

Interest income

Insurance fee earned

Commission charge and commission

income

II. Total operating costs 1145369320.38 1105005002.49

Including：Operating costs 860140930.07 817225556.12

Interest expense

Fee and commission paid

Insurance discharge payment

Net claim amount paid

Appropriation of deposit for dutynet

Insurance policy dividend paid

Reinsurance expenses

Business tax and surcharge 10253483.35 10740890.98

Sales expense

Items Amount in this period Amount in last period

Administrative expense 117390810.80 105269752.40

R & D expense 3026437.60

Financial expenses 157584096.16 168742365.39

Including：Interest expense 173687402.86 185358874.77

Interest income 21262441.48 22721206.04

Add：Other income 1146092.93 194598.16

Investment gain（“-”for loss） 415691849.62 393663174.25

Including: investment gains from

affiliates

376779450.47 351082029.39

Financial assets measured at

amortized cost cease to be recognized

as income

Gains from currency exchange

Net exposure hedging income

Changing income of fair value

Credit impairment loss

Impairment loss of assets 1873719.27

Assets disposal income 13129094.29 66369899.18

III. Operating profit（“-”for loss） 1565102043.12 1743730277.43

Add ：Non-operating income 1972712.67 3258819.00

Less: Non-operating expense 4716569.00 2145960.35

IV. Total profit(“-”for loss) 1562358186.79 1744843136.08

Less：Income tax expenses 288497112.78 337103704.44

V. Net profit 1273861074.01 1407739431.64

(I) Classification by business

continuity

1.Net continuing operating profit 1273861074.01 1407739431.64

2.Termination of operating net profit

(II) Classification by ownership

1.Net profit attributable to the owners

of parent company

1107730568.06 1220305249.74

2.Minority shareholders’ equity 166130505.95 187434181.90

VI. Net after-tax of other

comprehensive income

43697001.82 -31167903.99

Items Amount in this period Amount in last period

Net of profit of other comprehensive in

come attributable to owners of the pare

nt company.（I）Other comprehensive income

items that will not be reclassified into

gains/losses in the subsequent

accounting period

42345889.92

1.Re-measurement of defined benefit pl

ans of changes in net debt or net assets

2.Other comprehensive income under t

he equity method investee can not be re

classified into profit or loss.

3. Changes in the fair value of

investments in other equity instruments

42345889.92

4. Changes in the fair value of the

company’s credit risks

5.Other（II）

Other comprehensive income that will

be reclassified into profit or loss.

1351111.90 -31167903.99

1.Other comprehensive income under t

he equity method investee can be reclas

sified into profit or loss.

1351111.90 -6466134.87

2. Changes in the fair value of

investments in other debt obligations

3.Gains and losses from changes in fair

value available for sale financial assets

-24701769.12

4. Other comprehensive income arising

from the reclassification of financial

assets

5.Held-to-maturity investments reclassi

fied to gains and losses of available for

sale financial assets

6. Allowance for credit impairments in

investments in other debt obligations

7. Reserve for cash flow hedges

Items Amount in this period Amount in last period

Translation differences in currency fina

ncial statements

9.Other

Net of profit of other comprehensive in

come attributable to Minority

shareholders’ equity

VII. Total comprehensive income 1317558075.83 1376571527.65

Total comprehensive income

attributable to the owner of the parent

company

1151427569.88 1189137345.75

Total comprehensive income

attributable minority shareholders

166130505.95 187434181.90

VIII. Earnings per share

（I）Basic earnings per share 0.53 0.58

(II)Diluted earnings per share 0.53 0.58

The current business combination under common control the net profits of the combined party before achieved ne

t profit of RMB 0.00 last period the combined party realized RMB0.00.Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period

In RMB

Items Amount in this period Amount in last period

I. Revenue 965545058.79 1055916596.63

Including ：Operating costs 527619888.78 480666389.08

Business tax and surcharge 5490462.24 5817633.50

Sales expense

Administrative expense 71493995.49 60558892.12

R & D expense

Items Amount in this period Amount in last period

Financial expenses 146152262.04 155551567.44

Including：Interest expenses 164808705.82 174813943.23

Interest income 21139717.95 22420977.88

Add：Other income 70758.72 194598.16

Investment gain（“-”for loss） 1129929737.50 1700859665.12

Including: investment gains from

affiliates

376779450.47 351082029.39

Financial assets measured at

amortized cost cease to be recognized

as income

Net exposure hedging income

Changing income of fair value

Credit impairment loss

Impairment loss of assets 1240782.92

Assets disposal income 138427.18

II. Operating profit（“-”for loss） 1344788946.46 2055755587.87

Add ：Non-operating income 1252084.02 1099053.86

Less：Non -operating expenses 728260.63 670700.09

III. Total profit(“-”for loss) 1345312769.85 2056183941.64

Less：Income tax expenses 64865201.09 88520873.40

IV. Net profit 1280447568.76 1967663068.24

1.Net continuing operating profit 1280447568.76 1967663068.24

2.Termination of operating net profit

V. Net after-tax of other

comprehensive income

43697001.82 -31167903.99

（I）Other comprehensive income

items that will not be reclassified into

gains/losses in the subsequent

accounting period

42345889.92

1.Re-measurement of defined benefit

plans of changes in net debt or net ass

ets

2.Other comprehensive income under

the equity method investee can not b

e reclassified into profit or loss.

3. Changes in the fair value of 42345889.92

Items Amount in this period Amount in last period

investments in other equity

instruments

4. Changes in the fair value of the

company’s credit risks

5.Other（II）

Other comprehensive income that wil

l be reclassified into profit or loss.

1351111.90 -31167903.99

1.Other comprehensive income under

the equity method investee can be re

classified into profit or loss.

1351111.90 -6466134.87

2. Changes in the fair value of

investments in other debt obligations

Gains and losses from changes in fair

value available for sale financial asset

-24701769.12

4. Other comprehensive income

arising from the reclassification of

financial assets

5.Held-to-maturity investments reclas

sified to gains and losses of available

for sale financial assets

6. Allowance for credit

impairments in investments in other

debt obligations

7. Reserve for cash flow hedges

Translation differences in currency fi

nancial statements

9.Other

VI. Total comprehensive income 1324144570.58 1936495164.25

VII. Earnings per share

（I）Basic earnings per share

(II)Diluted earnings per share

Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period

In RMB

Items Amount in this period Amount in last period

I.Cash flows from operating activities

Cash received from sales of goods or

rending of services

2344383753.90 2430071550.43

Net increase of customer

deposits and capital kept for brother

company

Net increase of loans from central

bank

Net increase of inter-bank loans from

other financial bodies

Cash received against original

insurance contract

Net cash received from reinsurance

business

Net increase of client deposit and

investment

Cash received from interest

commission charge and commission

Net increase of inter-bank fund

received

Net increase of repurchasing business

Net cash received by agent in

securities trading

Tax returned

Other cash received from business

operation

44239546.43 59374799.43

Sub-total of cash inflow 2388623300.33 2489446349.86

Cash paid for purchasing of

merchandise and services

175258111.40 142035365.51

Items Amount in this period Amount in last period

Net increase of client trade and

advance

Net increase of savings in central

bank and brother company

Cash paid for original contract

claim

Net increase for Outgoing call loan

Cash paid for interest processing

fee and commission

Cash paid for policy dividend

Cash paid to staffs or paid for staffs 216220155.68 200483302.33

Taxes paid 310136078.87 659984230.23

Other cash paid for business activities 52225350.39 47815642.37

Sub-total of cash outflow from

business activities

753839696.34 1050318540.44

Net cash generated from /used in

operating activities

1634783603.99 1439127809.42

II. Cash flow generated by investing

Cash received from investment

retrieving

Cash received as investment gains 270260694.55 246194475.70

Net cash retrieved from disposal of

fixed assets intangible assets and

other long-term assets

13963900.00 228183292.51

Net cash received from disposal of

subsidiaries or other operational units

Other investment-related cash

received

575046.00

Sub-total of cash inflow due to

investment activities

284224594.55 474952814.21

Cash paid for construction of fixed

assets intangible assets and

other long-term assets

587874379.29 509914271.20

Cash paid as investment

Net increase of loan against pledge

Net cash received from subsidiaries

and other operational units

Items Amount in this period Amount in last period

Other cash paid for investment

activities

Sub-total of cash outflow due to

investment activities

587874379.29 509914271.20

Net cash flow generated by

investment

-303649784.74 -34961456.99

III.Cash flow generated by financing

Cash received as investment

Including: Cash received as

investment from minor shareholders

Cash received as loans 3756700000.00 1259000000.00

Other financing –related cash

received

Sub-total of cash inflow from

financing activities

3756700000.00 1259000000.00

Cash to repay debts 3014002500.00 1487480000.00

Cash paid as dividend profit or

interests

1587922592.34 1482717100.16

Including: Dividend and profit paid

by subsidiaries to minor shareholders

Other cash paid for financing

activities

791384.00

Sub-total of cash outflow due to

financing activities

4602716476.34 2970197100.16

Net cash flow generated by financing -846016476.34 -1711197100.16

IV. Influence of exchange rate

alternation on cash and cash

equivalents

-1534520.73 -2267884.63

V.Net increase of cash and cash

equivalents

483582822.18 -309298632.36

Add: balance of cash and cash

equivalents at the beginning of term

2123303796.32 2363042700.42

VI ..Balance of cash and cash

equivalents at the end of term

2606886618.50 2053744068.06

Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period

In RMB

Items Amount in this period Amount in last period

I.Cash flows from operating activities

Cash received from sales of goods or

rending of services

991093953.83 1028479493.61

Tax returned

Other cash received from business

operation

40435161.13 347679931.37

Sub-total of cash inflow 1031529114.96 1376159424.98

Cash paid for purchasing of

merchandise and services

56811641.02 59667495.43

Cash paid to staffs or paid for staffs 84950880.56 80870547.38

Taxes paid 36317795.45 38553095.96

Other cash paid for business activities 170450166.76 363020990.09

Sub-total of cash outflow from

business activities

348530483.79 542112128.86

Net cash generated from /used in

operating activities

682998631.17 834047296.12

II.Cash flow generated by investing

Cash received from investment

retrieving

5000000.00

Cash received as investment gains 941023466.69 877415742.21

Net cash retrieved from disposal of

fixed assets intangible assets and

other long-term assets

4900.00 296095.00

Net cash received from disposal of

subsidiaries or other operational units

Other investment-related cash

received

650750.00

Sub-total of cash inflow due to

investment activities

946028366.69 878362587.21

Cash paid for construction of fixed 548481380.34 495317031.90

Items Amount in this period Amount in last period

assets intangible assets

and other long-term assets

Cash paid as investment

Net cash received from subsidiaries

and other operational units

Other cash paid for investment

activities

Sub-total of cash outflow due to

investment activities

548481380.34 495317031.90

Net cash flow generated by

investment

397546986.35 383045555.31

III. Cash flow generated by financing

Cash received as investment

Cash received as loans 3290000000.00 600000000.00

Other financing –related ash received 291000000.00

Sub-total of cash inflow from

financing activities

3290000000.00 891000000.00

Cash to repay debts 2572317500.00 614100000.00

Cash paid as dividend profit or

interests

1350708402.36 1212529917.37

Other cash paid for financing

activities

791384.00 374200000.00

Sub-total of cash outflow due to

financing activities

3923817286.36 2200829917.37

Net cash flow generated by financing -633817286.36 -1309829917.37

IV. Influence of exchange rate

alternation on cash and cash

equivalents

-1534520.73 -2267884.63

V.Net increase of cash and cash

equivalents

445193810.43 -95004950.57

Add: balance of cash and cash

equivalents at the beginning of term

2095376368.04 2130475892.67

VI ..Balance of cash and cash

equivalents at the end of term

2540570178.47 2035470942.10

Legal Representative:Zheng Renfa

General Manager: Wang Chunhua

Person-in-charge of the accounting work：Fang Zhi

Person-in -charge of the accounting organ：Zhou Fang

II Adjustments to the Financial Statements

1. Adjustment of the relevant items of the financial statements at the current year beginning according to

the new standards for financial instruments the new standards for revenues and the new standards for

lease implemented commencing from year 2019

√ Applicable □ Not applicable

Consolidated balance sheet

In RMB

Items December 312018 January 12019

Amount involved in the

adjustment

Current asset：

Monetary fund 2124524996.32 2124524996.32

Settlement provision

Outgoing call loan

Transactional financial

assets

Financial assets

measured at fair value with

variations accounted into

current income account

Derivative financial

assets

Notes receivable

Account receivable 91076995.07 91076995.07

Financing of

receivables

Prepayments 1912943.40 1912943.40

Insurance receivable

Reinsurance receivable

Provisions of Reinsurance

contracts receivable

Items December 312018 January 12019

Amount involved in the

adjustment

Other account receivable 16487256.02 16487256.02

Including：Interest

receivable

Dividend receivable 1205472.90 1205472.90

Other receivable 15281783.12 15281783.12

Repurchasing of financial

assets

Inventories 81017.91 81017.91

Contract assets

Assets held for sales

Non-current asset due

within 1 year

51745.32 51745.32

Other current asset

Total of current assets 2234134954.04 2234134954.04

Non-current assets：

Loans and payment on

other’s behalf disbursed

Debt investment

Available for sale of

financial assets

1668791594.53 -1668791594.53

Other investment on

bonds

Expired investment in

possess

Long-term receivable

Long term share equity

investment

3145644970.07 3145355906.88 -289063.19

Other equity instruments

investment

1668791594.53 1668791594.53

Other non-current financial

assets

Property investment 3579007.54 3579007.54

Fixed assets 7600046319.91 7600046319.91

Including：Fixed assets 7600046319.91 7600046319.91

Liquidation of fixed

assets

Construction in 1089473425.63 1089473425.63

Items December 312018 January 12019

Amount involved in the

adjustment

progress

Including : Construction

in progress

1087923869.63 1087923869.63

Engineering material 1549556.00 1549556.00

Production physical

assets

Oil & gas assets

Use right assets

Intangible assets 5739020.48 5739020.48

Development expenses

Goodwill

Long-germ expenses to be

amortized

1221781.88 1221781.88

Deferred income tax asset 447485034.79 447485034.79

Other non-current asset 99794665.58 99794665.58

Total of non-current assets 14061775820.41 14061486757.22 -289063.19

Total of assets 16295910774.45 16295621711.26 -289063.19

Current liabilities

Short-term loans

Loan from Central Bank

Borrowing funds

Transactional financial

liabilities

Financial liabilities

measured at fair value with

variations accounted into

current income account

Derivative financial

liabilities

Notes payable

Account payable 203779190.74 203779190.74

Advance receipts 12039708.01 12039708.01

Contract liabilities

Selling of repurchased

financial assets

Items December 312018 January 12019

Amount involved in the

adjustment

Deposit taking and

interbank deposit

Entrusted trading of

securities

Entrusted selling of

securities

Employees’ wage payable 13122437.17 13122437.17

Tax payable 104198746.06 104198746.06

Other account payable 191254464.84 191254464.84

Including：Interest payable 8971576.57 8971576.57

Dividend payable 17191142.23 17191142.23

Other payable 165091746.04 165091746.04

Fees and commissions

payable

Reinsurance fee payable

Liabilities held for sales

Non-current liability due

within 1 year

2498480000.00 2498480000.00

Other current liability

Total of current liability 3022874546.82 3022874546.82

Non-current liabilities：

Reserve fund for insurance

contracts

Long-term loan 2983040000.00 2983040000.00

Bond payable

Including：preferred stock

Sustainable debt

Lease liability

Long-term payable 38022210.11 38022210.11

Including：

Long-term payable

38022210.11 38022210.11

Special payable

Long-term remuneration

payable to staff

Items December 312018 January 12019

Amount involved in the

adjustment

Expected liabilities

Deferred income

Deferred income tax

liability

205672389.59 205672389.59

Other non-current

liabilities

Total non-current liabilities 3226734599.70 3226734599.70

Total of liability 6249609146.52 6249609146.52

Owners’ equity

Share capital 2090806126.00 2090806126.00

Other equity instruments

Including：preferred stock

Sustainable debt

Capital reserves 2536774965.31 2536774965.31

Less：Shares in stock

Other comprehensive

income

245109114.81 256173465.10 11064350.29

Special reserve

Surplus reserves 775402561.35 775402561.35

Common risk provision

Retained profit 3938609136.59 3927255723.11 -11353413.48

Total of owner’s equity

belong to the parent

company

9586701904.06 9586412840.87 -289063.19

Minority shareholders’

equity

459599723.87 459599723.87

Total of owners’ equity 10046301627.93 10046012564.74 -289063.19

Total of liabilities and

owners’ equity

16295910774.45 16295621711.26 -289063.19

Adjustment statement

Parent Company Balance Sheet

In RMB

Items December 312018 January 12019

Amount involved in the

adjustment

Current asset：

Monetary fund 2096597568.04 2096597568.04

Transactional financial

assets

Financial assets

measured at fair value with

variations accounted into

current income account

Derivative financial

assets

Notes receivable

Account receivable 18405847.15 18405847.15

Financing of receivables

Prepayments 1532057.82 1532057.82

Other account receivable 9323782.66 9323782.66

Including：Interest

receivable

1880148.12 1880148.12

Dividend receivable 1205472.90 1205472.90

Other receivable 6238161.64 6238161.64

Inventories

Contract assets

Assets held for sales

Non-current asset due

within 1 year

100000000.00 100000000.00

Other current asset

Total of current assets 2225859255.67 2225859255.67

Non-current assets：

Debt investment 692903684.98 692903684.98

Available for sale of

financial assets

1668791594.53 -1668791594.53

Other investment on bonds

Expired investment in

possess

Long-term receivable

Long term share equity

investment

4679309978.88 4679020915.69 -289063.19

Items December 312018 January 12019

Amount involved in the

adjustment

Other equity instruments

investment

1668791594.53 1668791594.53

Other non-current financial

assets

Property investment 3326869.29 3326869.29

Fixed assets 5292898635.00 5292898635.00

Including：Fixed assets 5292898635.00 5292898635.00

Liquidation of fixed assets

Construction in progress 1060230773.10 1060230773.10

Including: Construction in

progress

1060230773.10 1060230773.10

Engineering material

Production physical assets

Oil & gas assets

Use right assets

Intangible assets 1741277.53 1741277.53

Development expenses

Goodwill

Long-germ expenses to

be amortized

Deferred income tax

asset

447328530.77 447328530.77

Other non-current asset 790720727.48 97817042.50 -692903684.98

Total of non-current assets 13944348386.58 13944059323.39 -289063.19

Total of assets 16170207642.25 16169918579.06 -289063.19

Current liabilities

Short-term loans

Transactional financial

liabilities

Financial liabilities

measured at fair value with

variations accounted into

current income account

Derivative financial

liabilities

Notes payable

Items December 312018 January 12019

Amount involved in the

adjustment

Account payable 124833335.72 124833335.72

Advance receipts

Contract Liabilities

Employees’ wage payable 5669203.37 5669203.37

Tax payable 10297144.52 10297144.52

Other account payable 142457135.79 142457135.79

Including：Interest

payable

8373096.36 8373096.36

Dividend payable 17191142.23 17191142.23

Other payable 116892897.20 116892897.20

Liabilities held for sales

Non-current liability due

within 1 year

2327180000.00 2327180000.00

Other current liability 977236252.44 977236252.44

Total of current liability 3587673071.84 3587673071.84

Non-current liabilities：

Long-term loan 2731990000.00 2731990000.00

Bond payable

Including：preferred stock

Sustainable debt

Lease liability

Long-term payable 38022210.11 38022210.11

Including：Long-term

payable

38022210.11 38022210.11

Special payable

Long-term remuneration

payable to staff

Expected liabilities

Deferred income

Deferred income tax

liability

88220604.00 88220604.00

Other non-current

liabilities

Total non-current liabilities 2858232814.11 2858232814.11

Items December 312018 January 12019

Amount involved in the

adjustment

Total of liability 6445905885.95 6445905885.95

Owners’ equity

Share capital 2090806126.00 2090806126.00

Other equity instruments

Including：preferred stock

Sustainable debt

Capital reserves 2948663196.93 2948663196.93

Less：Shares in stock

Other comprehensive

income

245109114.81 256173465.10 11064350.29

Special reserve

Surplus reserves 759558277.70 759558277.70

Retained profit 3680165040.86 3668811627.38 -11353413.48

Total of owners’ equity 9724301756.30 9724012693.11 -289063.19

Total of liabilities and

owners’ equity

16170207642.25 16169918579.06 -289063.19

Adjustment statement

2. Note to the retroactive adjustment of the previous comparative data according to the new standards for

financial instruments and the new standards for lease implemented commencing from year 2019

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