长安Ｂ：2019年第三季度报告全文（英文版）

2019 Third Quarter Report

Chongqing Changan Automobile Company Limited

October 2019

Chapter 1 Important Notes

The Board of Directors the Supervisory Committee and directors supervisors and seniormanagement of Chongqing Changan Automobile Company Limited (hereinafter referred to as “the

Company”) hereby guarantee that no false or misleading statement or major omission was made to

the materials in this report and that they will assume all the responsibilities individually and jointly

for the trueness accuracy and completeness of the contents of this report.

All directors attended the board meeting for reviewing the third quarter report.

The Chairman of the Board Zhang Baolin the Chief Financial Officer Zhang Deyong and the

responsible person of the accounting institution (Accountant in charge) Chen Jianfeng hereby

declare that the Financial Statements enclosed in this report are true accurate and complete.

Chapter 2 Basic Information

I. Main accounting data and financial indicators

Does the company conduct the retrospective adjustment or restatement of previous years accounting data due to changes in

accounting policies or accounting errors?

□Yes √No

In RMB Yuan

The reporting period The same period of last year Variance (%)

Total assets 92946725363.81 93488854098.95 -0.58%

Net assets attributable to shareholders

of listed company

43567997650.66 46244958676.52 -5.79%

The reporting period Variance (%)

Amount of the

period from the

beginning of year to

the end of report

term

Variance (%)

Operating income 15239641870.97 7.25% 45115421967.81 -9.50%

Net profit attributable to shareholders

of the Company

-421470641.21 5.61% -2661510402.32 -328.83%

Net profit excluding non-recurring

gains and losses attributable to

shareholders of listed company

-621493786.91 12.65% -3533261383.35 -22328.47%

cash flow from operating activities - - 3757823903.36 306.76%

Basic earnings per share -0.08 11.11% -0.55 -329.17%

Diluted earnings per share - - - -

Weighted average return on net assets -0.96%

Decrease by 0.01

percentage points

-5.93%

Decrease by 8.39

percentage points

Accidental gain/loss item and amount

√ Applicable □ Not applicable

In RMB Yuan

Item

Amount of the period from the beginning

of year to the end of report term

Gain/loss of non-current assets 14557748.80

Government subsidies accounted into current gain/loss account other than those

closely related to the Company’s common business comply with the national policy

and continues to enjoy at certain fixed rate or amount.

762226068.65

In addition to the effective hedging business related to the normal business of the

company the gains and losses from changes in fair value arising from the holding of

trading financial assets derivative financial assets trading financial liabilities

derivative financial liabilities and disposal of transactional financial assets derivative

finance Investment income from assets trading financial liabilities derivative financial

liabilities and other debt investments

127407169.45

Other non-business income and expenditures other than the above -9009286.44

Interest on deferred payment of funds received by non financial enterprises 23336168.02

Less: Influenced amount of income tax 34721308.93

Influenced amount of minority shareholders’ equity 12045578.52

Total 871750981.03

According to “Public offering of securities information disclosure of the company's information disclosure announcement No. 1 –non-recurring gains and losses “Public offering of securities information disclosure of the company's information disclosureannouncement No. 1 – non-recurring gains and losses” defined non-recurring items and Public offering of securities informationdisclosure of the company's information disclosure announcement No. 1 - non-recurring gains and losses “The items listed in thenon-recurring items defined as recurring items shall be explained .

□ Applicable √Not applicableThe company in the reporting period does not base on the definition and listing of “Public offering of securities informationdisclosure of the company's information disclosure announcement No. 1 – non-recurring gains and losses” about non-recurring gains

and losses to define a case of recurring profit or loss.II. Total number of shareholders at the end of the reporting period and statement on shares

held by the top ten tradable shareholders

1. Total number of shareholders at the end of the reporting period and statement on shares held by the top

ten shareholders

Unit: share

As of the reporting period the

total number of shareholders

170799

Total number of preferred

shareholders with voting rights

restored at the end of the

reporting period (if any)

Top 10 Shareholders

Name of the shareholder

Properties of

shareholder

Percentage of

total shares

（%）

Number of

Conditional

Pledging or freezing

Share status

Amou

China South Industries Group Co.

Ltd.State-owned legal person

21.56% 1035312673

No pledge or

frozen

China Changan Automobile Co.

Ltd.State-owned legal person

19.32% 928044946 139762403

No pledge or

frozen

China securities finance Co Ltd

domestic general legal

person shares

4.88% 234265333

No pledge or

frozen

United Prosperity (Hong Kong)

Investment Co. Limited.foreign legal person

3.21% 154120237

No pledge or

frozen

Central Huijin Investment Ltd.

domestic general legal

person shares

1.15% 55393100

No pledge or

frozen

DRAGON BILLION SELECT

MASTER FUND

foreign legal person

0.85% 40597114

No pledge or

frozen

National Social Security Fund 107

combination

fund finance products

etc.

0.76% 36489867

No pledge or

frozen

GIC PRIVATE LIMITED

foreign legal person

0.73% 35283393

No pledge or

frozen

Hong Kong Central Clearing

Company Limited

foreign legal person

0.63% 30458221

No pledge or

frozen

National Social Security Fund 116

combination

fund finance products

etc.

0.45% 21707388

No pledge or

frozen

Top 10 holders of unconditional shares

Name of the shareholder

Amount of shares

without sales

restriction

Category of shares

Category of shares Category of shares

China South Industries Group Co. Ltd. 1035312673 RMB ordinary shares 1035312673

China Changan Automobile Co. Ltd. 788282543 RMB ordinary shares 788282543

China securities finance Co Ltd 234265333 RMB ordinary shares 234265333

United Prosperity (Hong Kong) Investment Co. Limited. 154120237

Domestic listed foreign

154120237

Central Huijin Investment Ltd. 55393100 RMB ordinary shares 55393100

DRAGON BILLION SELECT MASTER FUND 40597114

Domestic listed foreign

40597114

National Social Security Fund 107 combination 36489867 RMB ordinary shares 36489867

GIC PRIVATE LIMITED 35283393

Domestic listed foreign

35283393

Hong Kong Central Clearing Company Limited 30458221 RMB ordinary shares 30458221

National Social Security Fund 116 combination 21707388 RMB ordinary shares 21707388

Explanation on the relationship and the action alike of above

shareholders

Among the top 10 shareholders China South Industries Group Co. Ltd. the

actual controller; China Changan Automobile Group Co. Ltd. the

controlling shareholder and its wholly owned subsidiary United Prosperity

(Hong Kong) Investment Co. Limited. belong to the concerted actorregulated by “Disclosure Administration of Shares Change Information of

The Listed Company”.Whether the company top 10 shareholders of ordinary shares and the top 10 circulated shareholders agreed on the repurchase

transactions during the report period

□Applicable √Not Applicable

The top 10 shareholders of ordinary shares and the top 10 circulated shareholders have not agreed on the repurchase transactions

during the report period

2. Total number of preferred shareholders at the end of the reporting period and statement on preferred

shares held by the top ten tradable shareholders

□Applicable √Not Applicable

Chapter 3 Important Matters

I. Significant changes & reasons in major accounting data financial indicators

√Applicable □Not Applicable

In RMB Yuan

Number Balance Sheet Items Sep. 30th2019 Jan. 1st 2019 Changes (%)

1 Transactional financial assets 1657728480.75 - -

2 Other equity investment 504572800.00 - -

3 Available for sale financial assets - 1957873311.31 -

4 Advances from customers 3366892439.12 1556482278.92 116.31%

5 Payroll payable 774352946.07 1362995277.56 -43.19%

6 Taxes payable 329908762.40 669316487.25 -50.71%

7 Other payables 4694200184.74 3079749015.80 52.42%

Income Statement Items Jan-Sep 2019 Jan-Sep 2018 Changes (%)

8 Investment gains and losses -522405370.82 1232775886.06 -142.38%

Profits belong to the parent company's

owner

-2661510402.32 1163081476.01 -328.83%

Cash Flow Statement Items Jan-Sep 2019 Jan-Sep 2018 Changes (%)

Net cash flows from operating

activities

3757823903.36 923849319.05 306.76%

Net cash flows from investing

activities

-3172586837.66 -5753482959.66 44.86%

Net cash flows from financing

activities

-413937943.57 -1401416537.03 70.46%

Net increase of cash and cash

equivalents

202190712.04 -6208413403.91 103.26%

As at the end of reporting period the company’s total asset was 92.991 billion Yuan，with 0.53% decrease compared with the

beginning of the year；The total liability was 49.520 billion Yuan with 4.61% increase compared with the beginning of the year.The debt asset ratio was 53.25%，which was 2.62 percentage points higher than that at the beginning of the year. The huge varianceof transactional financial assets、other equity investment and Available for sale financial assets mainly result from thereclassification of available-for-sale financial assets；The balance of advances from customers increased compared with the

beginning of the year mainly due to the increase in on-transit vehicles that the company had invoiced but did not reach the dealers

at the end of the quarter；The balance of payroll payables decreased mainly due to the reduction of the accrued payment；The

balance of taxes payable decreased mainly due to the decrease in the consumption tax payable; The balance of other payables

increased compared with the beginning of the year mainly due to the increase in the deposit of the dealer acceptance bill received.

During the reporting period the investment profit and loss decreased significantly mainly due to the decrease in investment

income of joint ventures and joint ventures；Net profit attributable to owners of the parent company decreased significantly mainly

due to the decline in sales of the company.

During the reporting period the net increase of cash and cash equivalents rised significantly，mainly due to the significant

decrease in net cash flows from investing activities and the significant increase in net cash flows from operating activities；the net

cash flow from operating activities increased significantly mainly due to the decrease span of cash paid for goods and services

purchased greater than that received for goods sold and services provided；the net cash flows from investing activities decreased on

a year-on-year basis mainly due to the decrease in cash paid for investing and the purchase and construction of fixed assets

intangible assets and other long-term assets. The net cash flow from financing activities increased significantly compared with the

same period of last year mainly due to the decrease in debt repayment and cash dividend distribution as compared with the same

period of last year.II. The progress and influence of significant events and the analysis and explanation on

resolving proposal

□Applicable √Not Applicable

III. Commitments made within the reporting period by the controlling shareholders

shareholders related party acquirer and the company overdue and not fulfilled

□Applicable √Not Applicable

During the reporting period the company's actual controllers shareholders related parties purchasers and companies and other

commitment parties don’t have any overdue unfulfilled commitments.IV. Forecast of operation performance of 2019

The warning or a reason for a loss or a significant change of cumulative net profit from the beginning of the year to the end of the

next reporting period compared with the same period of last year

□Applicable √Not Applicable

V. Securities investment

√Applicable □Not Applicable

Securit

ies

variety

Securitie

s code

Securitie

s short

name

Initial

investment cost（Yuan）

Number of

shares held

at the

beginning of

Percentage

of shares

held at the

beginning

Number of

shares held

at the end of

the period

Percentage

of shares

held at the

end of the

Book value at

the end of the

period

Reporting period

profit and loss（Yuan）

Acc

ount

ing

acco

Sou

rce

shar

the period（Share）

of the

period（Share） period （Yuan） unt es

Stock 600369

Southwe

Securitie

50000000 35500000 0.63% 35500000 0.63% 160105000 31080250.00

Tran

sacti

onal

fina

ncial

asset

Initi

inve

stm

ent

Stock 300750 CATL

1052930406.3

22999575 1.05% 22999575 1.04%

1497623480.

77215844.03

Tran

sacti

onal

fina

ncial

asset

Initi

inve

stm

ent

Total

1102930406.3

58499575 -- 58499575 --

1657728480.

108296094.03 -- --

VI. Entrusted financial management

□Applicable √Not Applicable

During the reporting period there is no entrusted financial management.

VII. Derivative Investment

□Applicable √Not Applicable

During the company's reporting period there is no derivative investment.

VIII. Interviews and visits in the reporting period

√Applicable □Not Applicable

Date Manner Object Content discussed and material offered

2019.01.02

On-Site

Survey

Institution

For details see the January 4 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 2 2019 investor

relations activities record sheet

2019.01.10

On-Site

Survey

Institution

For details see the January 14 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 10 2019 investor

relations activities record sheet(1)

2019.01.10

On-Site

Survey

Institution

For details see the January 14 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 10 2019 investor

relations activities record sheet(2)

2019.01.10

On-Site

Survey

Institution

For details see the January 14 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 10 2019 investor

relations activities record sheet(3)

2019.01.11

On-Site

Survey

Institution

For details see the January 14 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 11 2019 investor

relations activities record sheet(1)

2019.01.11

On-Site

Survey

Institution

For details see the January 14 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 11 2019 investor

relations activities record sheet(2)

2019.01.15

On-Site

Survey

Institution

For details see the January 17 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 15 2019 investor

relations activities record sheet

2019.01.15

On-Site

Survey

Institution

For details see the January 18 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 15 2019 investor

relations activities record sheet(2)

2019.01.16

On-Site

Survey

Institution

For details see the January 18 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 16 2019 investor

relations activities record sheet

2019.01.18

On-Site

Survey

Institution

For details see the January 22 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 18 2019 investor

relations activities record sheet

2019.01.22

On-Site

Survey

Institution

For details see the January 24 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 22 2019 investor

relations activities record sheet(1)

2019.01.22

On-Site

Survey

Institution

For details see the January 24 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: January 22 2019 investor

relations activities record sheet(2)

2019.02.26

On-Site

Survey

Institution

For details see the February 27 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: February 26 2019 investor

relations activities record sheet

2019.02.28

On-Site

Survey

Institution

For details see the March 1 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: February 28 2019 investor

relations activities record sheet

2019.03.05

On-Site

Survey

Institution

For details see the March 7 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: March 5 2019 investor

relations activities record sheet

2019.03.14

On-Site

Survey

Institution

For details see the March 18 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: March 14 2019 investor

relations activities record sheet(1)

2019.03.14 On-Site Institution For details see the March 18 2019 Shenzhen stock exchange interactive

Survey (http://irm.cninfo.com.cn) on the Changan Automobile: March 14 2019 investor

relations activities record sheet

2019.03.19

On-Site

Survey

Institution

For details see the March 20 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: March 19 2019 investor

relations activities record sheet

2019.03.22

On-Site

Survey

Institution

For details see the March 25 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: March 22 2019 investor

relations activities record sheet

2019.04.30

On-Site

Survey

Institution

For details see the May 7 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: April 30 2019 investor

relations activities record sheet

2019.05.06

On-Site

Survey

Institution

For details see the May 7 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: May 6 2019 investor relations

activities record sheet

2019.05.10

On-Site

Survey

Institution

For details see the May 13 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: May 10 2019 investor

relations activities record sheet

2019.05.14

On-Site

Survey

Institution

For details see the May 16 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: May 14 2019 investor

relations activities record sheet

2019.06.12

On-Site

Survey

Institution

For details see the May 7 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: May 6 2019 investor relations

activities record sheet

2019.06.12

On-Site

Survey

Institution

For details see the June 14 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: June 12 2019 investor

relations activities record sheet

2019.06.21

On-Site

Survey

Institution

For details see the June 25 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: June 21 2019 investor

relations activities record sheet

2019.06.28

On-Site

Survey

Institution

For details see the July 2 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: June 28 2019 investor

relations activities record sheet

2019.07.03

On-Site

Survey

Institution

For details see the July 5 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: July 3 2019 investor relations

activities record sheet

2019.07.05

On-Site

Survey

Institution

For details see the July 10 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: July 5 2019 investor relations

activities record sheet

2019.07.19

On-Site

Survey

Institution

For details see the July 23 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: July 19 2019 investor relations

activities record sheet

2019.07.23

On-Site

Survey

Institution

For details see the July 24 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: July 23 2019 investor relations

activities record sheet

2019.07.24

On-Site

Survey

Institution

For details see the July 26 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: July 24 2019 investor relations

activities record sheet (1)

2019.07.24

On-Site

Survey

Institution

For details see the July 26 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: July 24 2019 investor relations

activities record sheet (2)

2019.09.09

On-Site

Survey

Institution

For details see the September 11 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: September 9 2019 investor

relations activities record sheet

2019.09.10

On-Site

Survey

Institution

For details see the September 11 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: September 10 2019 investor

relations activities record sheet

2019.09.11

On-Site

Survey

Institution

For details see the September 12 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: September 11 2019 investor

relations activities record sheet (1)

2019.09.11

On-Site

Survey

Institution

For details see the September 12 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: September 11 2019 investor

relations activities record sheet (2)

2019.09.18

On-Site

Survey

Institution

For details see the September 18 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: September 18 2019 investor

relations activities record sheet

2019.09.26

On-Site

Survey

Institution

For details see the September 29 2019 Shenzhen stock exchange interactive

(http://irm.cninfo.com.cn) on the Changan Automobile: September 26 2019 investor

relations activities record sheet

IX. Illegal external guarantee

□Applicable √Not Applicable

The company doesn’t violate the rules of external guarantee during the reporting period.

X. Controlling shareholder and its related parties to the listing Corporation's non-operating

funds

□Applicable √Not Applicable

During the reporting period there is no non-operating capital occupied by the controlling shareholder and its related parties to the

listed company.

Chapter 4 Financial Statements

I. Financial Statements

1. Consolidated Balance Sheet

Prepared by: CHONGQING CHANGAN AUTOMOBILE CO. LTD.September 30 2019

In RMB Yuan

Account Ending Balance Opening Balance

Current assets:

Cash 10510594343.29 9980544526.14

Tradable financial assets 1657728480.75

Notes receivable 17685913990.69 20561625805.24

Accounts receivable 2062766851.13 1409419600.50

Prepayments 933110268.67 866249749.51

Other receivables 3619079956.70 3250452923.70

Inventories 5795866531.08 4917420457.19

Other current assets 2220766320.17 2227565353.23

Total current assets 44485826742.48 43213278415.51

Non-current assets:

Long-term equity investments 12239728020.92 13275170118.83

Investment in other equity

instruments

504572800.00

Available-for-sale financial assets 1957873311.31

Investment properties 7159527.61 7329561.28

Fixed assets 22999637127.21 22161054058.31

Construction in progress 5163264798.79 5383844030.75

Intangible assets 5371286282.00 5018243552.80

Development expenditure 583825055.99 789597615.60

Goodwill 9804394.00 9804394.00

Long-term deferred expenses 16857185.20 17104601.67

Deferred tax assets 1564763429.61 1655554438.89

Total non-current assets 48460898621.33 50275575683.44

TOTAL ASSETS 92946725363.81 93488854098.95

Current liabilities:

Short-term loans 229580000.00 190000000.00

Notes payable 13442200071.34 14807862262.39

Accounts payable 14670597516.17 13916201276.95

Advances from customers 3366892439.12 1556482278.92

Payroll payable 774352946.07 1362995277.56

Taxes payable 329908762.40 669316487.25

Other payables 4694200184.74 3079749015.81

Non-current liabilities within one

year

6594120.00

Other current liabilities 3773050469.49 4325441152.61

Total current liabilities 41280782389.33 39914641871.49

Non-current liabilities:

Long-term payables 290124611.27 303590824.69

Long-term payroll payable 49511133.37 53837000.00

Estimated liabilities 3578683047.90 3245322744.12

Deferred Revenue 4138018290.99 3683308534.73

Deferred tax liabilities 138768628.97 135231170.59

Total non-current liabilities 8195105712.50 7421290274.13

Total liabilities 49475888101.83 47335932145.62

Owners’ equity (or Shareholders’

equity):

Share capital 4802648511.00 4802648511.00

Capital reserves 5057242440.17 5057242440.17

Other comprehensive income 271377450.64 235509930.44

Special reserves 76351898.56 41222369.10

Surplus reserves 2401324255.50 2401324255.50

Retained earnings 30959053094.79 33707011170.31

Equity attributable to owners 43567997650.66 46244958676.52

Minority interests -97160388.68 -92036723.19

Total Owners’ equity (or Shareholders’

equity)

43470837261.98 46152921953.33

Liabilities and owners' equity (or

shareholders' equity) in total

92946725363.81 93488854098.95

Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng

2. Balance Sheet

In RMB Yuan

Account Ending Balance Opening Balance

Current assets:

Cash 6783904476.19 7310973018.99

Tradable financial assets 160105000.00

Notes receivable 16657797746.42 19391160283.70

Accounts receivable 6540857455.37 5679160679.69

Prepayments 674680338.75 671849711.04

Other receivables 2444558642.88 2344318158.83

Inventories 4137293209.04 3851783233.12

Other current assets 1249781601.52 1355155749.21

Total current assets 38648978470.17 40604400834.58

Non-current assets:

Long-term equity investments 17340580410.69 18017137600.72

Investment in other equity

instruments

494662800.00

Available-for-sale financial assets 541182000.00

Fixed assets 17844661368.98 16795537563.35

Construction in progress 3911485504.04 4114409774.13

Intangible assets 4099740569.71 4054893372.88

Development expenditure 408355613.79 559309970.45

Long-term deferred expenses 10675460.63 12555353.69

Deferred tax assets 1441970444.78 1533057523.95

Other non-current assets 250000000.00

Total non-current assets 45552132172.62 45878083159.16

TOTAL ASSETS 84201110642.79 86482483993.75

Current liabilities:

Short-term loans 29580000.00

Notes payable 11730268174.84 13572757870.72

Accounts payable 12072292829.88 10690985635.15

Advances from customers 2942458998.75 1208631011.05

Payroll payable 476373239.33 1001765362.99

Taxes payable 205806523.67 604525457.30

Other payables 3165452017.82 3219909047.22

Other current liabilities 3040696181.76 3923419042.37

Total current liabilities 33662927966.05 34221993426.80

Non-current liabilities:

Long-term payables 221150961.51 248240115.29

Long-term payroll payable 20403675.82 24315000.00

Estimated liabilities 2630952805.02 2372512543.49

Deferred Revenue 2836480796.10 2827208446.74

Deferred tax liabilities 32168492.04 26683742.04

Total non-current liabilities 5741156730.49 5498959847.56

Total liabilities 39404084696.54 39720953274.36

Owners’ equity (or Shareholders’

equity):

Share capital 4802648511.00 4802648511.00

Capital reserves 4705917638.38 4705917638.38

Other comprehensive income 149525803.58 149525803.58

Special reserves 26350160.93 19835367.61

Surplus reserves 2401324255.50 2401324255.50

Retained earnings 32711259576.86 34682279143.32

Total Owners’ equity (or Shareholders’

equity)

44797025946.25 46761530719.39

Liabilities and owners' equity (or

shareholders' equity) in total

84201110642.79 86482483993.75

3. Consolidated Income Statement of the reporting term

In RMB Yuan

Account Current Period Prior Period

1. Total operating income 15239641870.97 14208826200.12

2. Total operating cost 15436958851.52 14849743608.98

Including: Operating cost 12377295658.38 11649373012.29

Tax and surcharges 499570118.20 485653007.58

Operating expenses 1373059373.36 1369530915.47

General and administrative expenses 878020881.02 1206719665.90

R&D expenses 344466229.22 256006612.90

Financial expenses -35453408.66 -117539605.16

Add: Other income 141492994.54 294983400.18

Investment income (‘-‘ represent

loss)

-414068660.88 -129235929.05

Including: Investment income

from associates and joint venture

-469708441.67 -130437799.33

Gains from changes in fair value 87070018.18

Credit impairment loss -4361637.66

Asset impairment loss -1796176.94

Gain on disposal of assets 5165289.52 2320259.90

3.Operating profit -382018976.85 -474645854.77

Add: Non-operating income 5135954.79 21403080.23

Less: Non-operating expenses 20336854.47 13091796.95

4.Total profit -397219876.53 -466334571.49

Less: Income tax expense 25352762.93 -19920848.15

5.Net profit -422572639.46 -446413723.34

Classification by going concern

Net profit attributable to owners -421470641.21 -446525102.83

Minority interests -1101998.25 111379.49

6.Other comprehensive income net of tax 13299672.07 17439867.39

Net after-tax net of other

comprehensive income attributable to the

parent company owner

13299672.07 17439867.39

Other comprehensive income that

will be reclassified into profit or loss

13299672.07 17439867.39

Other comprehensive income of

convertible gains and losses under the

equity method

-9692020.90

Gains and losses from changes in

fair value of available-for-sale financial

assets

-8449000.00

Foreign currency financial

statement translation difference

13299672.07 35580888.29

7.Total comprehensive income -409272967.39 -428973855.95

Total comprehensive income

attributable to owners

-408170969.14 -429085235.44

Total comprehensive income

attributable to minority interest

-1101998.25 111379.49

8.Earnings per share

Basic earnings per share -0.08 -0.09

Diluted earnings per share N/A N/A

Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng

4. Income Statement of the reporting term

In RMB Yuan

Account Current Period Prior Period

1.Operating revenue 14120637727.72 13093065037.67

Less: Operating cost 12031564713.41 10883881181.83

Tax and surcharges 358002714.07 378993565.82

Operating expenses 968592956.55 1266350051.18

General and administrative

expenses

690004773.64 978001082.16

Research and development

expenses

244023383.38 281359134.12

Financial expenses -32976211.68 -115817102.01

Add: Other income 34022327.37 46580913.63

Investment income -384329858.65 -126115875.65

Including: Investment income

from associates and joint venture

-431385259.48 -130437799.33

Gains from changes in fair value -15265000.00

Credit impairment loss -2514873.36

Asset impairment loss -747130.34

Gain on disposal of assets 3009509.76 3485853.61

2.Operating profit -503652496.53 -656499114.18

Add: Non-operating income 3122855.88 15865485.40

Less: Non-operating expenses 18753563.34 12646697.02

3.Total profit -519283203.99 -653280325.80

Less: Income tax expense -3216467.13 -12512741.46

4.Net profit -516066736.86 -640767584.34

5、Consolidated Income Statement from 1st January to 30th September

In RMB Yuan

项目本期发生额上期发生额

1. Total operating income 45115421967.81 49851658390.16

2. Total operating cost 47846343996.87 51224849363.25

Including: Operating cost 39796706285.30 42264218716.74

Tax and surcharges 1579840592.98 1772568209.15

Operating expenses 2816275914.66 3912993343.98

General and administrative expenses 2138385000.99 2255596087.56

R&D expenses 1647422320.75 1362531453.29

Financial expenses -132286117.81 -343058447.47

Add: Other income 762226068.65 1411214619.50

Investment income -522405370.82 1232775886.06

Including: Investment income from

associates and joint venture

-578045151.61 1231574015.78

Gains from changes in fair value 127407169.45

Credit impairment loss -13891371.32

Asset impairment loss -152676538.06 -110737599.36

Gain on disposal of assets 14557748.80 21092069.59

3.Operating profit -2515704322.36 1181154002.70

Add: Non-operating income 23972635.23 50721976.99

Less: Non-operating expenses 32981921.67 65440559.88

4.Total profit -2524713608.80 1166435419.81

Less: Income tax expense 141920459.01 -4632530.32

5.Net profit -2666634067.81 1171067950.13

Net profit attributable to owners -2661510402.32 1163081476.01

Minority interests -5123665.49 7986474.12

6.Other comprehensive income net of tax 35867520.20 264469400.98

Net after-tax net of other

comprehensive income attributable to the

parent company owner

35867520.20 264469400.98

Other comprehensive income that will

be reclassified into profit or loss

35867520.20 264469400.98

Other comprehensive income of

convertible gains and losses under the

equity method

280064467.99

Gains and losses from changes in

fair value of available-for-sale financial

assets

-31985500.00

Foreign currency financial

statement translation difference

35867520.20 16390432.99

Net after-tax net of other

comprehensive income attributable to the

minority

7.Total comprehensive income -2630766547.61 1435537351.11

Total comprehensive income

attributable to owners

-2625642882.12 1427550876.99

Total comprehensive income

attributable to minority interest

-5123665.49 7986474.12

8.Earnings per share

Basic earnings per share -0.55 0.24

Diluted earnings per share N/A N/A

Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng

6、Income Statement from 1st January to 30th September

In RMB Yuan

Account Current Period Prior Period

1.Operating revenue 40925746049.94 47302130753.69

Less: Operating cost 36669471484.36 40610368755.55

Tax and surcharges 1213169611.10 1471431305.62

Operating expenses 1870809533.03 3564786417.55

General and administrative

expenses

1360825568.19 1693916179.04

Research and development

expenses

1591300039.24 1369977610.61

Financial expenses -121729573.14 -364251836.70

Add: Other income 440862305.46 808401420.89

Investment income -458228680.98 1869023010.80

Including: Investment income

from associates and joint venture

-509433452.89 1231574015.78

Gains from changes in fair value 36565000.00

Credit impairment loss -6896127.61

Asset impairment loss -141818001.51 -114762129.78

Gain on disposal of assets 9756936.37 27458836.63

2.Operating profit -1777859181.11 1546023460.56

Add: Non-operating income 17355197.17 38466685.40

Less: Non-operating expenses 27472289.72 57358989.48

3.Total profit -1787976273.66 1527131156.48

Less: Income tax expense 96571829.17 -44352572.88

4.Net profit -1884548102.83 1571483729.36

5.Other comprehensive income net of

tax

- 248078967.99

Other comprehensive income that

will be reclassified into profit or loss

- 248078967.99

Other comprehensive income of

convertible gains and losses under the

equity method

- 280064467.99

Gains and losses from changes in

fair value of available-for-sale financial

assets

- -31985500.00

6.Total comprehensive income -1884548102.83 1819562697.35

7、Consolidated cash flow statement

In RMB Yuan

Account Current Period Prior Period

1.Cash flows from operating activities:

Cash received from sale of goods

or rendering of services

52195863813.18 64290961489.90

Refunds of taxes 370518656.33 728229441.60

Cash received relating to other

operating activities

4051700128.82 2686402763.17

Subtotal of cash inflows 56618082598.33 67705593694.67

Cash paid for goods and services 41039472205.53 54305861406.86

Cash paid to and on behalf of

employees

4256843195.40 4782070413.71

Cash paid for all types of taxes 2275961263.72 2212209891.97

Cash paid relating to other

operating activities

5287982030.32 5481602663.08

Subtotal of cash outflows 52860258694.97 66781744375.62

Net cash flows from operating activities 3757823903.36 923849319.05

2.Cashflows from investing activities:

Cash received from investment

income

1382556705.95 1346724439.40

Net cash received from disposal of

fixed assets intangible assets and other

long-term assets

9246980.58 23899810.00

Cash received relating to other

investing activities

2198000.00 26358750.00

Subtotal of cash inflows 1394001686.53 1396982999.40

Cash paid for acquisition of fixed

assets intangible assets and other

long-term assets

3313861816.59 4609034832.18

Cash paid for acquisition of

investments

936788517.00 2541431126.88

Cash paid relating to other

investing activities

315938190.60

Subtotal of cash outflows 4566588524.19 7150465959.06

Net cash flows from investing activities -3172586837.66 -5753482959.66

3.Cash flows from financing activities:

Cash received from borrowings 85580000.00 176000000.00

Cash received relating to other

financing activities

6166032.98 782530058.59

Subtotal of cash inflows 91746032.98 958530058.59

Cash repayments of borrowings 52708100.00 188130000.00

Cash paid for distribution of

dividends or profits and interest

expenses

119340285.40 2171816595.62

Cash paid relating to other

financing activities

333635591.15

Subtotal of cash outflows 505683976.55 2359946595.62

Net cash flows from financing activities -413937943.57 -1401416537.03

4.Effect of changes in exchange rate on

cash

30891589.91 22636773.73

5.Net increase in cash and cash

equivalents

202190712.04 -6208413403.91

Add: Opening balance of cash and cash

equivalents

9648153614.80 21451305090.53

6.Closing balance of cash and cash

equivalents

9850344326.84 15242891686.62

8、Cash Flow Statement

单位：元

项目本期发生额上期发生额

1. CASH FLOWS FROM

OPERATING ACTIVITIES:

Cash received from sale of goods

or rendering of services

47436005517.08 61513377295.68

Refunds of taxes 383815314.26

Cash received relating to other

operating activities

2387245384.10 2087450058.48

Sub-total of cash inflows 49823250901.18 63984642668.42

Cash paid for goods and services 37783862965.51 51657866443.31

Cash paid to and on behalf of

employees

2963826773.83 3816901040.92

Cash paid for all types of taxes 1594920019.03 1612304463.01

Cash paid relating to other

operating activities

4938851025.43 5541806425.37

Sub-total of cash outflows 47281460783.80 62628878372.61

Net cash flows from operating activities 2541790117.38 1355764295.81

2. CASH FLOWS FROM

INVESTING ACTIVITIES:

Cash received from return on

investments

839201.56

Cash received from investment

income

1389178372.61 1353648189.40

Net cash received from disposal of

fixed assets intangible assets and other

long-term assets

19104810.00

Cash received relating to other

investing activities

117358750.00

Sub-total of cash inflows 1389178372.61 1490950950.96

Cash paid for acquisition of fixed

assets intangible assets and other

long-term assets

3084777049.44 4310287332.16

Cash paid for acquisition of

investments

997294972.55 2696187376.88

Cash paid relating to other

investing activities

300000000.00 200000000.00

Sub-total of cash outflows 4382072021.99 7206474709.04

Net cash flows from investing activities -2992893649.38 -5715523758.08

3. CASH FLOWS FROM FINANCING

ACTIVITIES:

Cash received from borrowings 29580000.00

Cash received relating to other

financing activities

461856503.42

Sub-total of cash inflows 29580000.00 461856503.42

Cash paid for distribution of

dividends or profits and interest

expenses

105545010.80 2161624947.55

Sub-total of cash outflows 105545010.80 2161624947.55

Net cash flows from financing activities -75965010.80 -1699768444.13

4. EFFECT OF CHANGES IN

EXCHANGE RATE ON CASH

5. NET INCREASE IN CASH AND

CASH EQUIVALENTS

-527068542.80 -6059527906.40

Add: Opening balance of cash and

cash equivalents

7310973018.99 20172657984.53

6. CLOSING BALANCE OF CASH

AND CASH EQUIVLANT

6783904476.19 14113130078.13

II. Notes on financial statement adjustments

1. Relevant situations of adjustment in financial statement at the beginning of the year when the new

financial instrument standards new income standards and new lease standards are first implemented

√Applicable □Not Applicable

Consolidated Balance Sheet

In RMB Yuan

Account 2018.12.31 2019.1.1 Adjustment

Current assets:

Cash 9980544526.14 9980544526.14

Notes receivable and accounts receivable 21971045405.74 21971045405.74

Notes receivable 20561625805.24 20561625805.24

Accounts receivable 1409419600.50 1409419600.50

Prepayments 866249749.51 866249749.51

Other receivables 3250452923.70 3250452923.70

Inventories 4917420457.19 4917420457.19

Holding assets for sale

Non-current assets due within one year

Other current assets 2227565353.23 2227565353.23

Total current assets 43213278415.51 43213278415.51

Non-current assets:

Available-for-sale financial assets 1957873311.31 not applicable -1957873311.31

Long-term receivables

Long-term equity investments 13275170118.83 13275170118.83

Investment in other equity instruments not applicable 1957873311.31 1957873311.31

Investment properties 7329561.28 7329561.28

Fixed assets 22161054058.31 22161054058.31

Construction in progress 5383844030.75 5383844030.75

Intangible assets 5018243552.80 5018243552.80

Development expenditure 789597615.60 789597615.60

Goodwill 9804394.00 9804394.00

Long-term deferred expenses 17104601.67 17104601.67

Deferred tax assets 1655554438.89 1655554438.89

Other non-current assets

Total non-current assets 50275575683.44 50275575683.44

TOTAL ASSETS 93488854098.95 93488854098.95

Current liabilities:

Short-term loans 190000000.00 190000000.00

Notes payable and accounts payable 28724063539.34 28724063539.34

Advances from customers 1556482278.92 1556482278.92

Payroll payable 1362995277.56 1362995277.56

Taxes payable 669316487.25 669316487.25

Other payables 3079749015.81 3079749015.81

Non-current liabilities within one year 6594120.00 6594120.00

Other current liabilities 4325441152.61 4325441152.61

Total current liabilities 39914641871.49 39914641871.49

Non-current liabilities:

Long-term loans

Long-term payables 303590824.69 303590824.69

Long-term payroll payable 53837000.00 53837000.00

Estimated liabilities 3245322744.12 3245322744.12

Deferred Revenue 3683308534.73 3683308534.73

Deferred tax liabilities 135231170.59 135231170.59

Other non-current liabilities

Total non-current liabilities 7421290274.13 7421290274.13

Total liabilities 47335932145.62 47335932145.62

Owners’ equity (or Shareholders’ equity):

Share capital 4802648511.00 4802648511.00

Capital reserves 5057242440.17 5057242440.17

Other comprehensive income 235509930.44 235509930.44

Special reserves 41222369.10 41222369.10

Surplus reserves 2401324255.50 2401324255.50

Retained earnings 33707011170.31 33707011170.31

Equity attributable to owners 46244958676.52 46244958676.52

Minority interests -92036723.19 -92036723.19

Total Owners’ equity (or Shareholders’ equity) 46152921953.33 46152921953.33

Liabilities and owners' equity (or shareholders' equity) in

total

93488854098.95 93488854098.95

Statement of adjustment

In 2017 the Ministry of Finance revised and issued the “Accounting Standard for Business Enterprise No.22- Recognition offinancial instrument and measurement” “Accounting Standard for Business Enterprise No.23- Transfer of Financial assets”

“Accounting Standard for Business Enterprise No.24- Hedge Accounting” and “Accounting Standard for Business Enterprise No.37-Presentation of financial instruments” and the enterprises listed in China are required to implementing relevant accounting rules of

new financial instruments since 1 Jan. 2019.In accordance with the requirement the company carries out above mentioned accounting rules since 1 Jan. 2019 and reclassify

“Available-for-sale financial assets” into “Investment in other equity instruments” for presenting.

Balance Sheet

In RMB Yuan

Account 2018.12.31 2019.1.1 Adjustment

Current assets:

Cash 7310973018.99 7310973018.99

Notes receivable and accounts receivable 25070320963.39 25070320963.39

Notes receivable 19391160283.70 19391160283.70

Accounts receivable 5679160679.69 5679160679.69

Prepayments 671849711.04 671849711.04

Other receivables 2344318158.83 2344318158.83

Inventories 3851783233.12 3851783233.12

Holding assets for sale

Non-current assets due within one year

Other current assets 1355155749.21 1355155749.21

Total current assets 40604400834.58 40604400834.58

Non-current assets:

Available-for-sale financial assets 541182000.00 not applicable -541182000.00

Long-term receivables

Long-term equity investments 18017137600.72 18017137600.72

Investment in other equity instruments not applicable 541182000.00 541182000.00

Investment properties

Fixed assets 16795537563.35 16795537563.35

Construction in progress 4114409774.13 4114409774.13

Intangible assets 4054893372.88 4054893372.88

Development expenditure 559309970.45 559309970.45

Goodwill

Long-term deferred expenses 12555353.69 12555353.69

Deferred tax assets 1533057523.95 1533057523.95

Other non-current assets 250000000.00 250000000.00

Total non-current assets 45878083159.17 45878083159.17

TOTAL ASSETS 86482483993.75 86482483993.75

Current liabilities:

Short-term loans

Notes payable 13572757870.72 13572757870.72

Accounts payable 10690985635.15 10690985635.15

Advances from customers 1208631011.05 1208631011.05

Payroll payable 1001765362.99 1001765362.99

Taxes payable 604525457.30 604525457.30

Other payables 3219909047.22 3219909047.22

Holding liabilities for sale

Non-current liabilities within one year

Other current liabilities 3923419042.37 3923419042.37

Total current liabilities 34221993426.80 34221993426.80

Non-current liabilities:

Long-term loans

Long-term payables 248240115.29 248240115.29

Long-term payroll payable 24315000.00 24315000.00

Estimated liabilities 2372512543.49 2372512543.49

Deferred Revenue 2827208446.74 2827208446.74

Deferred tax liabilities 26683742.04 26683742.04

Other non-current liabilities

Total non-current liabilities 5498959847.56 5498959847.56

Total liabilities 39720953274.36 39720953274.36

Owners’ equity (or Shareholders’ equity):

Share capital 4802648511.00 4802648511.00

Capital reserves 4705917638.38 4705917638.38

Other comprehensive income 149525803.58 149525803.58

Special reserves 19835367.61 19835367.61

Surplus reserves 2401324255.50 2401324255.50

Retained earnings 34682279143.32 34682279143.32

Total Owners’ equity (or Shareholders’ equity) 46761530719.39 46761530719.39

Liabilities and owners' equity (or shareholders' equity) in

total

86482483993.75 86482483993.75

Statement of adjustment

new financial instruments since 1 Jan. 2019.In accordance with the requirement the company carries out above mentioned accounting rules since 1 Jan. 2019 and reclassify

“Available-for-sale financial assets” into “Investment in other equity instruments” for presenting.

2. Explanation on retrospective adjustments in the previous comparison data for the first implementation

行情