Guangdong Provincial Expressway Development Co.，Ltd.October 2020
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
As at the end of the reporting
period
As at the end of last year
Changed （%）over end of
prev. year
Gross assets（Yuan） 16905477331.50 17674545340.78 -4.35%
Net assets attributable to the
shareholders of the listed company（Yuan）
9177164266.77 9823426849.75 -6.58%
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. year
Operating revenue（Yuan） 763407014.35 -4.19% 1424305976.14 -37.54%
Net profit attributable to the
shareholders of the listed company（Yuan）
351032289.60 -5.44% 345202032.42 -68.84%
Net profit after deducting of
non-recurring gain/loss attributable
to the shareholders of listed
company（Yuan）
348606597.62 -6.41% 339091880.20 -69.10%
Net cash generated from /used in
operating activities（Yuan）
579301395.86 -0.80% 997207500.20 -39.00%
Basic earning per
share(Yuan/Share)
0.17 -5.56% 0.17 -67.92%
Diluted gains per
share(Yuan/Share)
0.17 -5.56% 0.17 -67.92%
Weighted average return on
equity（%）
3.67% -0.28% 3.61% -7.86%
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)
1343684.46
Govemment subsidies recognized in current gain and
loss(excluding those closely related to the Company’s business
and granted under the state’s policies)
6408601.01
Other non-business income and expenditures other than the above 1569750.74
Less: Amount of influence of income tax 2331391.67
Amount of influence of minority interests(after tax) 880492.32
Total 6110152.22 --
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
55744
Total preference shareholders
with the voting power
recovered at the end of the
reporting period(if any)
0
Shares held by the top 10 shareholders
Shareholder name
Properties of
shareholder
Share
proportion %
Quantity
Amount of
tradable shares
with Conditional
held
Pledging or freezing
Status of the
shares
Quantity
Guangdong
Communication
Group Co. Ltd.State-owned legal
person
24.56% 513420438 410040696
Guangdong
Highway
Construction Co.
Ltd
State-owned legal
person
22.30% 466325020
Shangdong
Expressway
Investment
Development
Co. Ltd.
State-owned legal
person
9.68% 202429149
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
China Life
Insurance Co.Ltd.－Dividend
－Personal
dividend
-005L-FH002
Shen
Other 1.96% 41009355
China Life
Insurance Co.Ltd.－Traditional
－Common
insurance
products-005L-C
T001Shen
Other 1.78% 37225847
Orient Securities
Co. Ltd.
State-owned legal
person
1.08% 22508593
Feng Wuchu
Domestic natural
person shares
0.99% 20776353
Xinyue Co. Ltd.Overseas legal
person
0.63% 13201086
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
shares
466325020
Shangdong Expressway Investment
Development Co. Ltd.
202429149
RMB Common
shares
202429149
Guangdong Communication Group
Co. Ltd.
103379742
RMB Common
shares
103379742
Tibet Yingyue Investment
Management Co. Ltd.
101214574
RMB Common
shares
101214574
China Life Insurance Co. Ltd.－
Dividend －Personal dividend
-005L-FH002 Shen
41009355
RMB Common
shares
41009355
China Life Insurance Co. Ltd.－
Traditional－Common insurance
products-005L-CT001Shen
37225847
RMB Common
shares
37225847
Guangdong Expressway Co. Ltd. 33355263
RMB Common
shares
33355263
Orient Securities Co. Ltd. 22508593
RMB Common
shares
22508593
Feng Wuchu 20776353
RMB Common
shares
18470490
Foreign shares
placed in
domestic
exchange
2305863
Xinyue Co. Ltd. 13201086
Foreign shares
placed in
domestic
exchange
13201086
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.Guangdong Expressway Co. Ltd.and Xinyue 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 None
common share shareholders in
securities margin trading (if any)
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 beginning of this year.
1. Accounts receivable increased by 40.68 million yuan and 31.85% from the beginning of the year mainly
due to the increase in toll income to be split between Guangdong Provincial Expressway Development Co. Ltd.
Fokai Branch and Jingzhu Expressway Guangzhu Section Co. Ltd.
2. Non-current liabilities due within one year decreased by 544.46 million yuan and 69.67% from the
beginning of the year which is the combined effect of the company's repayment of 899.16 million yuan of loans
due long-term payables and reclassification of accounts.
3. Bonds payable increased by 748.13 million yuan and 110.32% from the beginning of the year which are
five-year medium-term notes issued 750 million yuan by the company in March 2020.
4. Other comprehensive income decreased by 135.87 million yuan and 35.55% from the beginning of the year
which is the combined effect of the parent company's confirmation of changes in the fair value of shares of China
Everbright Bank Corporation Limited and confirmation of changes in other comprehensive income of Guoyuan
Securities Corporation Limited by share ratio.(II) Items of income statement as compared with the same period of the previous year
1.Operating income decreased by 856.19 million yuan and 37.54 % year on year of which The toll income of
Fokai Expressway decreased by 325.81 million yuan from the same period of the previous year the toll income of
Jingzhu Expressway Guangzhu section decreased by 415.14 million yuan and the toll income of Guangfo
Expressway decreased by 133.62 million yuan. Mainly due to the following factors:（1）Due to the sudden new
coronary virus pneumonia epidemic Due to the nationwide emergency first-level response the original toll-free
period during the statutory Spring Festival holiday (January 24-January 30) was extended to February 8;
（2）According to the relevant regulations of the Ministry of Transport From 0:00 on February 17 2020 to 24:00
On May 52020 the toll fees for vehicles on roads across the country previously toll charged shall be exempted.
2.Invesement income decreased by 155.41 million yuan and 37.39% year on year Mainly due to the impact
of the new corona-virus epidemic the profit of the share-participating companies decreased leading to the
Company’s investment income decreased.
3.Income tax decreased by 157.14 million yuan and 54.47% year on year Mainly due to the total profit of the
Company decreased due to the impact of the corona-virus epidemic.
4. The net profit attributable to the owner of the parent company decreased by 762.53 million yuan and
68.84% year on year mainly due to the combined effects of the above factors.
(III) Notes of main items of cash flow statement
1. Cash received from sales of goods or rending of services decreased by 930.07 million yuan and 39.67%
year on year Mainly due to the impact of the new corona-virus epidemic For details please refer to the above
reasons for the decline in operating income.
2. Other cash paid for business activities increased by 46.62 million yuan and 105.38% This is mainly
because Fokai Branch Guangfo Expressway Co. Ltd. and Jingzhu Expressway Guangzhu Section Company have
received 35.41 million yuan in subsidies for canceling provincial toll stations.
3. Cash paid for purchasing of merchandise and services The main accounting payment of special projects
maintenance costs and networking fees etc. This period witnessed a year-on-year decrease of 54.12 million yuan
and 30.88% mainly due to the year-on-year decrease in project funds paid by Fokai Branch Guangfo Expressway
Co. Ltd. and Jingzhu Expressway Guangzhu Section Company.
4. Taxes paid，The current period decreased by 159.77 million yuan and 51.52% year on year，Mainly due to
the impact of the new corona-virus epidemic Various taxes and fees payable were reduced due to the decrease in
toll income.
5. Cash paid for construction of fixed assets intangible assets and other long-term assets decreased by 300.49
million yuan and 51.12% year on year It is mainly because the main line of the reconstruction and expansion
project of Sanbao-Shuikou section of Fokai Branch has been completed and opened to traffic and the amount of
progress payment has been reduced.
6. Cash received from borrowing decreased by 2361.7 million and 62.87% year on year The reason was that
the parent company’s current borrowings decreased by 1200 million yuan YOY the Fokai Branch’s current
borrowings decreased by 755 million yuan and Jingzhu Expressway Guangzhu Section Co. Ltd.’s current
borrowings decreased by 406.7 million yuan.
7. Cash to repay debts decreased by 1683.19 million and 55.85% year on year The reason is that the parent
company's loan repayment in this period decreased by 1241.51 million yuan year on year and the loan repayment
in this period of Jingzhu Expressway Guangzhu Section Co. Ltd. decreased by 441.68 million yuan year on year.II. The progress of significant events and influence as well as the analysis and explanation on resolving
proposal.
√ Applicable □Not applicable
On July 16 2020 the Company received the "Notice on Starting the Asset Reorganization of Expressway
Projects" from the controlling shareholder Guangdong Transportation Group Co. Ltd. stated Guangdong
Communication Group Co. Ltd will plan the asset reorganization of the expressway projects. The underlying
assets and transaction method involved in the planned asset reorganization was planned as follows: Guangdong
Expressway Co. Ltd. transfers its holding equity of 21% equity of Guangdong Guanghui Expressway Co. Ltd to
the Company and the Company pays the consideration in cash.
According to the relevant regulations of the Shenzhen Stock Exchange the Company shall disclose the
progress announcement every 10 trading days.
Announcement Date of disclosure Website for disclosure
Reminder announcement on planning
major asset reorganization matter
July 172020 www.cninfo.com.cn
Announcement on the progress of planning
major asset restructuring matter
July 292020 www.cninfo.com.cn
Announcement on the progress of planning
major asset restructuring matter
August 282020 www.cninfo.com.cn
Announcement on the progress of planning
major asset restructuring matter
September 112020 www.cninfo.com.cn
Announcement on the progress of planning
major asset restructuring matter
September 252020 www.cninfo.com.cn
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. Financial asset investment
1. Investment in securities
√ Applicable □Not applicable
In RMB
Security
category
Security
code
Stock
Abbreviati
on:
Initial
investment cost
Mode of
accounti
ng
measure
ment
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
Account
ing
items
Source
of the
shares
Domestic and
foreign stocks
601818
China
Everbright
Bank
517560876.80 FVM 1037474303.04 341119668.80 50344558.02 858680545.60
Other
assets
Self
fund
Total 517560876.80 -- 1037474303.04 0.00 341119668.80 0.00 0.00 50344558.02 858680545.60 -- --
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
2.Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.V. Progress of investment projects with raised funds
□ Applicable √Not applicable
VI. Prediction of 2020 business performance
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Entrusted Financial Management
□Applicable √Not applicable
There is no Entrusted Financial Management during the report period.IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
X. 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
XI. The registration form of acceptance of investigation communication and interview in the report period for future reference
√Applicable □Not applicable
Reception time Place
Way of
reception
Types of
visitors
Visitor Main content involved and materials provided
Disclosure of
information
August 272020
Meeting room
of the
Company
By phone Organization
Telephone survey of Guotai Junan Securities
Research Institute; Zheng Wu and Huangfu Xiaohan
of Guotai Junan Securities Research Institute;Wang
Zitong of Shanghai Dazheng Investment Co.Ltd.;Zeng Shang of Tibet Yuancheng Investment
Management Co. Ltd.;Zhang Gang of Shenzhen
Ximengbei Asset Management Co. Ltd.;Yan Feng
of Bosc Asset and Cheng Zhixiong of Shenzhen
Qianhai Dingye Investment Development Co. Ltd.
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
www.cninfo.com.cn
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Guangdong Provincial Expressway Development Co. Ltd.September 302020
In RMB
Items September 30 2020 December 312019
Current asset：
Monetary fund 2617519510.01 2817920894.50
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable
Account receivable 168371390.12 125343724.66
Financing of receivables
Prepayments 4450387.83 10894246.41
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 48772356.54 26618178.57
Including：Interest receivable
Dividend receivable 37205472.90 7205472.90
Other account receivable 11566883.64 19412705.67
Repurchasing of financial assets
Inventories 89116.85 111683.22
Contract assets 5182256.86
Assets held for sales
Non-current asset due within 1 year 51745.32 51745.32
Other current asset 7087899.28
Total of current assets 2851524662.81 2980940472.68
Non-current assets：
Loans and payment on other’s behalf
Items September 30 2020 December 312019
disbursed
Creditor's right investment
Other Creditor's right investment
Long-term receivable
Long term share equity investment 3363775812.90 3255739898.36
Other equity instruments investment 1657028847.33 1835822604.77
Other non-current financial assets
Property investment 3165661.51 3331500.37
Fixed assets 8474304554.47 8925700473.65
Including：Fixed assets 8474266661.61 8925700473.65
Liquidation of fixed assets 37892.86
Construction in progress 189943453.62 229098299.48
Including：Construction in progress 189943453.62 229098299.48
Engineering Materials
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 5131601.73 6393895.17
Development expenses
Goodwill
Long-germ expenses to be amortized 1061255.72 1114764.44
Deferred income tax asset 354850432.16 385494106.13
Other non-current asset 4691049.25 50909325.73
Total of non-current assets 14053952668.69 14693604868.10
Total of assets 16905477331.50 17674545340.78
Current liabilities
Short-term loans 200000000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 273199808.48 290657734.31
Items September 30 2020 December 312019
Advance receipts 10869603.32 15605094.69
Contract Liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 16271291.04 14822524.70
Tax payable 79260014.41 84257586.94
Other account payable 417829386.70 626180586.92
Including：Interest payable
Dividend payable 49246597.30 20020119.31
Other account payable 368582789.40 606160467.61
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 241398157.42 795861958.07
Other current liability 7805854.13 189628.17
Total of current liability 1246634115.50 1827575113.80
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 4478457500.00 4640425000.00
Bond payable 1426251240.76 678124972.89
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 40406172.36 39369379.91
Including：Long-term payable 40406172.36 39369379.91
Special payable
Long-term remuneration payable to
staff
Expected liabilities
Deferred income 29927018.42
Deferred income tax liability 196032018.83 238453976.29
Items September 30 2020 December 312019
Other non-current liabilities
Total non-current liabilities 6171073950.37 5596373329.09
Total of liability 7417708065.87 7423948442.89
Owners’ equity
Share capital 2090806126.00 2090806126.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 2589295515.31 2562570465.31
Less：Shares in stock
Other comprehensive income 246323864.67 382193344.90
Special reserve
Surplus reserves 910425068.90 910425068.90
Common risk provision
Retained profit 3340313691.89 3877431844.64
Total of owner’s equity belong to the
parent company
9177164266.77 9823426849.75
Minority shareholders’ equity 310604998.86 427170048.14
Total of owners’ equity 9487769265.63 10250596897.89
Total of liabilities and owners’ equity 16905477331.50 17674545340.78
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 302020 December 312019
Current asset：
Monetary fund 2582094773.72 2791384501.78
Transactional financial assets
Derivative financial assets
Notes receivable
Account receivable 25108426.80 21864051.27
Financing of receivables
Prepayments 1031754.00 1737598.88
Other account receivable 124463834.90 13435651.19
Including：Interest receivable
Dividend receivable 118156851.62 7205472.90
Other receivable 6306983.28 6230178.29
Inventories
Contract assets
Assets held for sales
Non-current asset due within 1 year 191851125.66 151637139.08
Other current asset 432671.23
Total of current assets 2924982586.31 2980058942.20
Non-current assets：
Creditor's right investment 539903684.98 537903684.98
Other Creditor's right investment
Long-term receivable
Long term share equity investment 4896366150.91 4789404907.17
Other equity instruments investment 1657028847.33 1835822604.77
Other non-current financial assets
Property investment 2913523.26 3079362.12
Fixed assets 6405628425.71 6818701482.08
Including：Fixed assets 6405628425.71 6818701482.08
Liquidation of fixed assets
Construction in progress 23578648.80 46952925.08
Items September 302020 December 312019
Including： Construction in progress 23578648.80 46952925.08
Engineering material
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1955691.81 2533878.12
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 350725570.29 385296935.33
Other non-current asset 264364.98 36901029.57
Total of non-current assets 13878364908.07 14456596809.22
Total of assets 16803347494.38 17436655751.42
Current liabilities
Short-term loans 200000000.00
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 146992135.34 129930285.56
Advance receipts
Contract Liabilities
Employees’ wage payable 6021266.35 6340740.61
Tax payable 5918764.00 8704510.83
Other account payable 349837977.63 582131356.01
Including：Interest payable
Dividend payable 22262804.39 20020119.31
Other account payable 327575173.24 562111236.70
Liabilities held for sales
Non-current liability due within 1 year 171707907.69 744589133.72
Other current liability 574316635.90 821133339.57
Total of current liability 1454794686.91 2292829366.30
Non-current liabilities：
Long-term loan 4023762500.00 4243730000.00
Items September 302020 December 312019
Bond payable 1426251240.76 678124972.89
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 40406172.36 39369379.91
Including：Long-term payable 40406172.36 39369379.91
Special payable
Long-term remuneration payable to
staff
Expected liabilities
Deferred income 14223938.99
Deferred income tax liability 85279917.20 129978356.56
Other non-current liabilities
Total non-current liabilities 5589923769.31 5091202709.36
Total of liability 7044718456.22 7384032075.66
Owners’ equity
Share capital 2090806126.00 2090806126.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 3001183746.93 2974458696.93
Less：Shares in stock
Other comprehensive income 246323864.67 382193344.90
Special reserve
Surplus reserves 894580785.25 894580785.25
Retained profit 3525734515.31 3710584722.68
Total of owners’ equity 9758629038.16 10052623675.76
Total of liabilities and owners’ equity 16803347494.38 17436655751.42
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 763407014.35 796831081.45
Including: Operating income 763407014.35 796831081.45
Interest income
Insurance fee earned
Fee and commission received
II. Total operating costs 430797879.65 408683513.05
Including ：Operating costs 338231885.58 310517119.58
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 3316464.07 3696459.38
Sales expense
Administrative expense 35592532.20 40415600.33
R & D expense
Financial expenses 53656997.80 54054333.76
Including ：Interest expense 64237587.95 58646545.15
Interest income 10202793.23 5500733.79
Add：Other income 2488809.85 725865.31
Investment gain（“-”for loss） 153637927.67 139449983.30
Including: investment gains from
affiliates
153637927.67 139066452.38
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
Items Amount in this period Amount in last period
Credit impairment loss
Impairment loss of assets
Assets disposal income
III. Operating profit（“-”for loss） 488735872.22 528323417.01
Add ：Non-operating income 2031835.52 1237352.91
Less: Non-operating expenses 955571.20 485161.05
IV. Total profit(“-”for loss) 489812136.54 529075608.87
Less：Income tax expenses 88118624.57 98800338.73
V. Net profit 401693511.97 430275270.14
(I) Classification by business
continuity
1.Net continuing operating profit 401693511.97 430275270.14
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of
parent company
351032289.60 371244455.76
2.Minority shareholders’ equity 50661222.37 59030814.38
VI. Net after-tax of other comprehensive
income
8043444.30 24758918.08
Net of profit of other comprehensive inco
me attributable to owners of the parent co
mpany.
8043444.30 24758918.08
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
12350884.56 22937357.04
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
12350884.56 22937357.04
4. Changes in the fair value of the
company’s credit risks
Items Amount in this period Amount in last period
5.Other（II）
Other comprehensive income that will be
reclassified into profit or loss.
-4307440.26 1821561.04
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
-4307440.26 1821561.04
2. Changes in the fair value of
investments in other debt obligations
3. Other comprehensive income arising
from the reclassification of financial
assets
4.Allowance for credit impairments in
investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency fina
ncial statements
7.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 409736956.27 455034188.22
Total comprehensive income attributable
to the owner of the parent company
359075733.90 396003373.84
Total comprehensive income
attributable minority shareholders
50661222.37 59030814.38
VIII. Earnings per share
（I）Basic earnings per share 0.17 0.18
(II)Diluted earnings per share 0.17 0.18
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 345290053.53 342418541.44
Including ：Operating costs 215071734.20 198429214.26
Business tax and surcharge 1871678.43 2004169.87
Sales expense
Administrative expense 22317906.60 24497934.85
R & D expense
Financial expenses 51365737.56 49775101.80
Including：Interest expenses 62681289.65 55249291.52
Interest income 10152704.97 5487589.69
Add：Other income 820611.86
Investment gain（“-”for loss） 349779119.77 154270235.80
Including: investment gains from
affiliates
152563256.87 139066452.38
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
Assets disposal income
II. Operating profit（“-”for loss） 405262728.37 221982356.46
Add ：Non-operating income 1821874.42 953148.06
Less：Non -operating expenses 400686.60 357431.46
III. Total profit(“-”for loss) 406683916.19 222578073.06
Less：Income tax expenses 21558803.60 20782022.44
IV. Net profit 385125112.59 201796050.62
1.Net continuing operating profit 385125112.59 201796050.62
2.Termination of operating net profit
Items Amount in this period Amount in last period
V. Net after-tax of other comprehensive
income
8043444.30 24758918.08
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
12350884.56 22937357.04
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
12350884.56 22937357.04
4. Changes in the fair value of the
company’s credit risks
5.Other
(II)Other comprehensive income that wi
ll be reclassified into profit or loss
-4307440.26 1821561.04
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
-4307440.26 1821561.04
2. Changes in the fair value of
investments in other debt obligations
3. Other comprehensive income arising
from the reclassification of financial
assets
4.Allowance for credit impairments in
investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency fin
ancial statements
7.Other
VI. Total comprehensive income 393168556.89 226554968.70
VII. Earnings per share
（I）Basic earnings per share
Items Amount in this period Amount in last period
(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 1424305976.14 2280504326.66
Including：Operating income 1424305976.14 2280504326.66
Interest income
Insurance fee earned
Commission charge and commission
income
II. Total operating costs 1145251508.45 1145369320.38
Including：Operating costs 862407010.64 860140930.07
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 6990268.04 10253483.35
Sales expense
Administrative expense 103583451.68 117390810.80
R & D expense
Financial expenses 172270778.09 157584096.16
Including：Interest expense 196012356.85 173687402.86
Interest income 24963549.41 21262441.48
Items Amount in this period Amount in last period
Add：Other income 6360099.05 1146092.93
Investment gain（“-”for loss） 260276492.20 415691849.62
Including: investment gains from
affiliates
209491279.16 376779450.47
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 -236683.81
Impairment loss of assets
Assets disposal income 4.37 13129094.29
III. Operating profit（“-”for loss） 545454379.50 1565102043.12
Add ：Non-operating income 6109512.47 1972712.67
Less: Non-operating expense 3147579.68 4716569.00
IV. Total profit(“-”for loss) 548416312.29 1562358186.79
Less：Income tax expenses 131358775.61 288497112.78
V. Net profit 417057536.68 1273861074.01
(I) Classification by business
continuity
1.Net continuing operating profit 417057536.68 1273861074.01
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of
parent company
345202032.42 1107730568.06
2.Minority shareholders’ equity 71855504.26 166130505.95
VI. Net after-tax of other comprehensive
income
-135869480.23 43697001.82
Net of profit of other comprehensive inco
me attributable to owners of the parent co
mpany.
-135869480.23 43697001.82
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
-134095318.08 42345889.92
Items Amount in this period Amount in last period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
-134095318.08 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
-1774162.15 1351111.90
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
-1774162.15 1351111.90
2. Changes in the fair value of
investments in other debt obligations
3. Other comprehensive income arising
from the reclassification of financial
assets
4.Allowance for credit impairments in
investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency fina
ncial statements
7.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 281188056.45 1317558075.83
Total comprehensive income attributable
to the owner of the parent company
209332552.19 1151427569.88
Total comprehensive income
attributable minority shareholders
71855504.26 166130505.95
VIII. Earnings per share
Items Amount in this period Amount in last period
（I）Basic earnings per share 0.17 0.53
(II)Diluted earnings per share 0.17 0.53
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 638869783.57 965545058.79
Including ：Operating costs 543729693.04 527619888.78
Business tax and surcharge 4286607.15 5490462.24
Sales expense
Administrative expense 62581563.09 71493995.49
R & D expense
Financial expenses 163307565.75 146152262.04
Including：Interest expenses 189304423.71 164808705.82
Interest income 24870918.66 21139717.95
Add：Other income 2169427.73 70758.72
Investment gain（“-”for loss） 862863321.92 1129929737.50
Including: investment gains from
affiliates
208416608.36 376779450.47
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Items Amount in this period Amount in last period
Impairment loss of assets
Assets disposal income 4.37
II. Operating profit（“-”for loss） 729997108.56 1344788946.46
Add ：Non-operating income 2854966.85 1252084.02
Less：Non -operating expenses 810732.57 728260.63
III. Total profit(“-”for loss) 732041342.84 1345312769.85
Less：Income tax expenses 34571365.04 64865201.09
IV. Net profit 697469977.80 1280447568.76
1.Net continuing operating profit 697469977.80 1280447568.76
2.Termination of operating net profit
V. Net after-tax of other comprehensive
income
-135869480.23 43697001.82
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
-134095318.08 42345889.92
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
-134095318.08 42345889.92
4. Changes in the fair value of the
company’s credit risks
5.Other（II）
Other comprehensive income that will b
e reclassified into profit or loss.
-1774162.15 1351111.90
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
-1774162.15 1351111.90
2. Changes in the fair value of
investments in other debt obligations
3. Other comprehensive income arising
from the reclassification of financial
assets
Items Amount in this period Amount in last period
4. Allowance for credit impairments in
investments in other debt obligations
5. Reserve for cash flow hedges
6.
Translation differences in currency fina
ncial statements
7.Other
VI. Total comprehensive income 561600497.57 1324144570.58
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
1414313148.67 2344383753.90
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
Items Amount in this period Amount in last period
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
90863613.91 44239546.43
Sub-total of cash inflow 1505176762.58 2388623300.33
Cash paid for purchasing of
merchandise and services
121141667.08 175258111.40
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 198975181.20 216220155.68
Taxes paid 150371056.82 310136078.87
Other cash paid for business activities 37481357.28 52225350.39
Sub-total of cash outflow from business
activities
507969262.38 753839696.34
Net cash generated from /used in
operating activities
997207500.20 1634783603.99
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 227191465.51 270260694.55
Net cash retrieved from disposal of
fixed assets intangible assets and other
long-term assets
19025.00 13963900.00
Net cash received from disposal of
subsidiaries or other operational units
Items Amount in this period Amount in last period
Other investment-related cash received
Sub-total of cash inflow due to
investment activities
227210490.51 284224594.55
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
287376018.67 587874379.29
Cash paid as investment 80000000.00
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
367376018.67 587874379.29
Net cash flow generated by investment -140165528.16 -303649784.74
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment
from minor shareholders
Cash received as loans 1395000000.00 3756700000.00
Other financing –related cash received
Sub-total of cash inflow from financing
activities
1395000000.00 3756700000.00
Cash to repay debts 1330808612.50 3014002500.00
Cash paid as dividend profit or
interests
1122241257.94 1587922592.34
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 1122177.00 791384.00
Sub-total of cash outflow due to
financing activities
2454172047.44 4602716476.34
Net cash flow generated by financing -1059172047.44 -846016476.34
IV. Influence of exchange rate
alternation on cash and cash equivalents
1728690.91 -1534520.73
V.Net increase of cash and cash
equivalents
-200401384.49 483582822.18
Items Amount in this period Amount in last period
Add: balance of cash and cash
equivalents at the beginning of term
2816699694.50 2123303796.32
VI ..Balance of cash and cash
equivalents at the end of term
2616298310.01 2606886618.50
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
653751664.34 991093953.83
Tax returned
Other cash received from business
operation
56397055.19 40435161.13
Sub-total of cash inflow 710148719.53 1031529114.96
Cash paid for purchasing of
merchandise and services
28094034.65 56811641.02
Cash paid to staffs or paid for staffs 78319133.22 84950880.56
Taxes paid 24748390.60 36317795.45
Other cash paid for business activities 277964701.39 170450166.76
Sub-total of cash outflow from business
activities
409126259.86 348530483.79
Net cash generated from /used in
operating activities
301022459.67 682998631.17
II.Cash flow generated by investing
Cash received from investment
retrieving
5000000.00
Cash received as investment gains 711991591.17 941023466.69
Net cash retrieved from disposal of 7700.00 4900.00
Items Amount in this period Amount in last period
fixed assets intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
investment activities
711999291.17 946028366.69
Cash paid for construction of fixed
assets intangible assets
and other long-term assets
184304883.00 548481380.34
Cash paid as investment 82000000.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
266304883.00 548481380.34
Net cash flow generated by investment 445694408.17 397546986.35
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 1335000000.00 3290000000.00
Other financing –related ash received
Sub-total of cash inflow from
financing activities
1335000000.00 3290000000.00
Cash to repay debts 1330808612.50 2572317500.00
Cash paid as dividend profit or
interests
960804497.31 1350708402.36
Other cash paid for financing activities 1122177.00 791384.00
Sub-total of cash outflow due to
financing activities
2292735286.81 3923817286.36
Net cash flow generated by financing -957735286.81 -633817286.36
IV. Influence of exchange rate
alternation on cash and cash equivalents
1728690.91 -1534520.73
V.Net increase of cash and cash
equivalents
-209289728.06 445193810.43
Add: balance of cash and cash 2790163301.78 2095376368.04
Items Amount in this period Amount in last period
equivalents at the beginning of term
VI ..Balance of cash and cash
equivalents at the end of term
2580873573.72 2540570178.47
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 2020
√ Applicable □ Not applicable
Whether to adjust the balance sheet accounts at the beginning of the year
√ Yes □No
Consolidated balance sheet
In RMB
Items December 312019 January 12020 Adjustment
Current asset：
Monetary fund 2817920894.50 2817920894.50
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable
Account receivable 125343724.66 127694377.99 2350653.33
Financing of receivables
Prepayments 10894246.41 10894246.41
Insurance receivable
Reinsurance receivable
Items December 312019 January 12020 Adjustment
Provisions of Reinsurance
contracts receivable
Other account receivable 26618178.57 19172247.47 -7445931.10
Including：Interest receivable
Dividend receivable 7205472.90 7205472.90
Other receivable 19412705.67 11966774.57 -7445931.10
Repurchasing of financial
assets
Inventories 111683.22 111683.22
Contract assets 5095277.77 5095277.77
Assets held for sales
Non-current asset due within
1 year
51745.32 51745.32
Other current asset
Total of current assets 2980940472.68 2980940472.68
Non-current assets：
Loan and advancement
provided
Creditor's right
investment
Other Creditor's right
investment
Long-term receivable
Long term share equity
investment
3255739898.36 3255739898.36
Other equity instruments
investment
1835822604.77 1835822604.77
Other non-current financial
assets
Property investment 3331500.37 3331500.37
Fixed assets 8925700473.65 8925700473.65
Including：Fixed assets 8925700473.65 8925700473.65
Liquidation of fixed assets
Construction in progress 229098299.48 229098299.48
Including : Construction
in progress
229098299.48 229098299.48
Items December 312019 January 12020 Adjustment
Engineering material
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 6393895.17 6393895.17
Development expenses
Goodwill
Long-germ expenses to be
amortized
1114764.44 1114764.44
Deferred income tax asset 385494106.13 385494106.13
Other non-current asset 50909325.73 50909325.73
Total of non-current assets 14693604868.10 14693604868.10
Total of assets 17674545340.78 17674545340.78
Current liabilities
Short-term loans
Loan from Central Bank
Borrowing funds
Transactional financial
liabilities
Derivative financial liabilities
Notes payable
Account payable 290657734.31 290657734.31
Advance receipts 15605094.69 12817484.06 -2787610.63
Contract liabilities 2787610.63 2787610.63
Selling of repurchased
financial assets
Deposit taking and interbank
deposit
Entrusted trading of
securities
Entrusted selling of securities
Employees’ wage payable 14822524.70 14822524.70
Tax payable 84257586.94 84257586.94
Other account payable 626180586.92 626180586.92
Including：Interest payable
Items December 312019 January 12020 Adjustment
Dividend payable 20020119.31 20020119.31
Other payable 606160467.61 606160467.61
Fees and commissions
payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due
within 1 year
795861958.07 795861958.07
Other current liability 189628.17 189628.17
Total of current liability 1827575113.80 1827575113.80
Non-current liabilities：
Reserve fund for insurance
contracts
Long-term loan 4640425000.00 4640425000.00
Bond payable 678124972.89 678124972.89
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 39369379.91 39369379.91
Including：Long-term
payable
39369379.91 39369379.91
Special payable
Long-term remuneration
payable to staff
Expected liabilities
Deferred income
Deferred income tax liability 238453976.29 238453976.29
Other non-current liabilities
Total non-current liabilities 5596373329.09 5596373329.09
Total of liability 7423948442.89 7423948442.89
Owners’ equity
Share capital 2090806126.00 2090806126.00
Other equity instruments
Including：preferred stock
Items December 312019 January 12020 Adjustment
Sustainable debt
Capital reserves 2562570465.31 2562570465.31
Less：Shares in stock
Other comprehensive income 382193344.90 382193344.90
Special reserve
Surplus reserves 910425068.90 910425068.90
Common risk provision
Retained profit 3877431844.64 3877431844.64
Total of owner’s equity
belong to the parent company
9823426849.75 9823426849.75
Minority shareholders’ equity 427170048.14 427170048.14
Total of owners’ equity 10250596897.89 10250596897.89
Total of liabilities and
owners’ equity
17674545340.78 17674545340.78
Adjustment statement
On July 5 2017 the Ministry of Finance issued the Notice on Revising and Issuing Accounting Standards for
Enterprises No.14-Income (CK [2017] No.22) (hereinafter referred to as the "New Income Standards"). After the
fourth meeting of the ninth board of directors of the company approved the resolution on April 3 2020 the
company will implement the aforesaid New Income Standards from January 1 2020. According to the relevant
requirements of the above-mentioned New Income Standards the company must make corresponding adjustments
to the relevant accounting policies previously adopted.Under the New Income Standards the Company shall first recognize the amount of merchandise sales
received in advance from customers as a contractual liability and convert it into income when relevant
performance obligations are fulfilled; The company has transferred goods to customers and has the right to receive
consideration of which unconditional (only depending on the passage of time) shall be recognized as accounts
receivable and those depending on other factors other than the passage of time shall be recognized as contract
assets.The Company retroactively applied the New Income Standards but chose not to restate the classification and
measurement (including impairment) involving the inconsistency between the data in the previous comparative
financial statements and the New Income Standards. Therefore the Company adjusted the accounts receivable
other receivables contractual assets pre-paid accounts and contractual liabilities at the beginning of 2020 for the
cumulative impact of the first implementation of the revised standards and the financial statements for 2019 were
not restated.Parent Company Balance Sheet
In RMB
Items December 312019 January 12020
Amount involved in the
adjustment
Items December 312019 January 12020
Amount involved in the
adjustment
Current asset：
Monetary fund 2791384501.78 2791384501.78
Transactional financial assets
Derivative financial assets
Notes receivable
Account receivable 21864051.27 21864051.27
Financing of receivables
Prepayments 1737598.88 1737598.88
Other account receivable 13435651.19 13435651.19
Including：Interest receivable
Dividend receivable 7205472.90 7205472.90
Other receivable 6230178.29 6230178.29
Inventories
Contract assets
Assets held for sales
Non-current asset due within
1 year
151637139.08 151637139.08
Other current asset
Total of current assets 2980058942.20 2980058942.20
Non-current assets：
Creditor's rights investment 537903684.98 537903684.98
Other Creditor's rights
investment
Long-term account
receivable
Long term share equity
investment
4789404907.17 4789404907.17
Other equity instruments
investment
1835822604.77 1835822604.77
Other non-current financial
assets
Property investment 3079362.12 3079362.12
Fixed assets 6818701482.08 6818701482.08
Including：Fixed assets 6818701482.08 6818701482.08
Items December 312019 January 12020
Amount involved in the
adjustment
Liquidation of fixed assets
Construction in progress 46952925.08 46952925.08
Including: Construction in
progress
46952925.08 46952925.08
Engineering material
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 2533878.12 2533878.12
Development expenses
Goodwill
Long-germ expenses to be
amortized
Deferred income tax asset 385296935.33 385296935.33
Other non-current asset 36901029.57 36901029.57
Total of non-current assets 14456596809.22 14456596809.22
Total of assets 17436655751.42 17436655751.42
Current liabilities
Short-term loans
Transactional financial
liabilities
Derivative financial liabilities
Notes payable
Account payable 129930285.56 129930285.56
Advance receipts
Contract Liabilities
Employees’ wage payable 6340740.61 6340740.61
Tax payable 8704510.83 8704510.83
Other account payable 582131356.01 582131356.01
Including：Interest payable
Dividend payable 20020119.31 20020119.31
Other payable 562111236.70 562111236.70
Liabilities held for sales
Non-current liability due 744589133.72 744589133.72
Items December 312019 January 12020
Amount involved in the
adjustment
within 1 year
Other current liability 821133339.57 821133339.57
Total of current liability 2292829366.30 2292829366.30
Non-current liabilities：
Long-term loan 4243730000.00 4243730000.00
Bond payable 678124972.89 678124972.89
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 39369379.91 39369379.91
Including：Long-term
payable
39369379.91 39369379.91
Special payable
Long-term remuneration
payable to staff
Expected liabilities
Deferred income
Deferred income tax liability 129978356.56 129978356.56
Other non-current liabilities
Total non-current liabilities 5091202709.36 5091202709.36
Total of liability 7384032075.66 7384032075.66
Owners’ equity
Share capital 2090806126.00 2090806126.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 2974458696.93 2974458696.93
Less：Shares in stock
Other comprehensive income 382193344.90 382193344.90
Special reserve
Surplus reserves 894580785.25 894580785.25
Retained profit 3710584722.68 3710584722.68
Total of owners’ equity 10052623675.76 10052623675.76
Items December 312019 January 12020
Amount involved in the
adjustment
Total of liabilities and
owners’ equity
17436655751.42 17436655751.42
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 2020
□ Applicable √ Not applicable
III. Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
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