KONKAGROUPCO.,LTD.THIRDQUARTERREPORT2019
2019-102
October2019
PartIImportantNotes
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(togetherwithitsconsolidatedsubsidiaries,the“Company”,exceptwherethecontextotherwiserequires)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.LiuFengxi,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andFengJunxiu,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyConsolidatedFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
Exceptionalgainsandlosses:
√Applicable□NotapplicableUnit:RMB
Item
| Item | Q1-Q32019 | Note |
| Gain/Lossarisingfromdisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 676,642,041.23 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 616,080,972.15 | |
| Gain/Lossonentrustingotherswithinvestmentsorassetmanagement | 134,559,649.39 | |
| Gain/Lossonchangesinfairvaluearisingfromholdingoftradingfinancialassetsandliabilitiesandinvestmentincomefromdisposaloftradingfinancialassets,financialliabilitiesandavailable-for-salefinancialassetsotherthaneffectivehedgebusinessrelatedtotheCompany’snormaloperatingbusinesses | -13,291,264.69 |
| 30September2019 | 31December2018 | Change(%) | |||
| Totalassets(RMB) | 41,668,497,548.19 | 32,985,061,889.03 | 26.33% | ||
| Equityattributabletothelistedcompany’sshareholders(RMB) | 8,334,866,038.71 | 8,104,736,790.53 | 2.84% | ||
| Q32019 | YoYchange(%) | Q1-Q32019 | YoYchange(%) | ||
| Operatingrevenue(RMB) | 15,644,806,446.79 | 28.91% | 41,681,249,260.63 | 40.05% | |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 97,725,667.63 | 11.00% | 450,492,688.36 | 4.81% | |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | -423,396,028.22 | -109.27% | -1,046,307,661.79 | -107.94% | |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -- | -- | -2,572,579,841.94 | 11.20% | |
| Basicearningspershare(RMB/share) | 0.0406 | 10.93% | 0.1871 | 4.82% | |
| Dilutedearningspershare(RMB/share) | 0.0406 | 10.93% | 0.1871 | 4.82% | |
| Weightedaveragereturnonequity(%) | 1.20% | 0.10% | 5.40% | 0.16% | |
Gain/lossonentrustmentloans
| Gain/lossonentrustmentloans | 1,459,119.47 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 55,926,248.85 | |
| Othergainsandlossesthatmeetdefinitionofexceptionalgain/loss | 240,824,796.53 | |
| Less:Incometaxeffects | 98,385,181.09 | |
| Non-controllinginterestseffects(netoftax) | 117,016,031.69 | |
| Total | 1,496,800,350.15 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
| Item | Amount(RMB) | Reason |
| Taxrebatesonsoftware | 29,365,991.65 | RecurrentgovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards |
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat30September2019
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholders | 94,131 | Numberofpreferredshareholderswithresumedvotingrights(ifany) | 0 | |||||
| Top10shareholders | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Numberofshares | Restrictedshares | Sharesinpledgeorfrozen | |||
| Status | Shares | |||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | State-ownedlegalperson | 21.75% | 523,746,932 | 0 | ||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreignlegalperson | 7.56% | 182,100,202 | 0 | ||||
| HOLYTIMEGROUPLIMITED | Foreignlegalperson | 2.33% | 56,139,100 | 0 | ||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreignlegalperson | 2.25% | 54,203,779 | 0 | ||||
| GAOLINGFUND,L.P. | Foreignlegalperson | 2.19% | 52,801,250 | 0 | ||||
| HONGKONGSECURITIESCLEARINGCOMPANYLTD. | Foreignlegalperson | 0.99% | 23,763,169 | 0 | ||||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedlegalperson | 0.96% | 23,060,224 | 0 | ||||
| NAMNGAI | Foreignnaturalperson | 0.88% | 21,207,340 | 0 | ||||
| NATIONALSOCIALSECURITYFUNDNO.118PORTFOLIO | Other | 0.88% | 21,099,537 | 0 | ||||
CHENWEIQIN
| CHENWEIQIN | Domesticnaturalperson | 0.69% | 16,656,822 | 0 | |||||
| Top10unrestrictedshareholders | |||||||||
| Nameofshareholder | Unrestrictedshares | Sharesbytype | |||||||
| Type | Shares | ||||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | 523,746,932 | RMB-denominatedordinarystock | 523,746,932 | ||||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 182,100,202 | Domesticallylistedforeignstock | 182,100,202 | ||||||
| HOLYTIMEGROUPLIMITED | 56,139,100 | Domesticallylistedforeignstock | 56,139,100 | ||||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 54,203,779 | Domesticallylistedforeignstock | 54,203,779 | ||||||
| GAOLINGFUND,L.P. | 52,801,250 | Domesticallylistedforeignstock | 52,801,250 | ||||||
| HONGKONGSECURITIESCLEARINGCOMPANYLTD. | 23,763,169 | RMB-denominatedordinarystock | 23,763,169 | ||||||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | 23,060,224 | Domesticallylistedforeignstock | 23,060,224 | ||||||
| NAMNGAI | 21,207,340 | Domesticallylistedforeignstock | 21,207,340 | ||||||
| NATIONALSOCIALSECURITYFUNDNO.118PORTFOLIO | 21,099,537 | RMB-denominatedordinarystock | 21,099,537 | ||||||
| CHENWEIQIN | 16,656,822 | RMB-denominatedordinarystock | 16,656,822 | ||||||
| Relatedoracting-in-concertpartiesamongshareholdersabove | JialongInvestmentLimited,awholly-fundedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownEnterprisesCo.(“OCTGroup”forshort),holds180,001,110and18,360,000commonsharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.JialongInvestmentLimitedandOverseasChineseTownEnterprisesCo.arepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | ||||||||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | ChenWeiqinholds16,656,822A-sharesintheCompanythroughhisaccountofcollateralsecuritiesformargintradinginCITICSecuritiesCompanyLimited. | ||||||||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinSelectedConsolidatedFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable(I)IntheReportingPeriod,theCompanycarriedonwithitslong-termdevelopmentstrategyof“Technology+Industry+Park”,acceleratingitsstrategictransformationandupgradewithrespectto“OneCentricOrientation,TwoDevelopmentPaths,ThreeDevelopmentStrategiesandFourBusinessGroups”andachievedthefollowingfruits.
1.DuringtheReportingPeriod,theCompanycontinuedtoincreaseitsinvestmentinR&D,thoroughlyresearchanddevelopcoretechnologiesandimprovecompetitivenessofmainbusiness.Ontheonehand,theCompanyactivelymadedeepapplicationofadvancedtechnologiessuchasAI,8Kand5Ginproductresearchanddevelopmentandsuccessivelylaunchedaseriesofcoretechnologyproductssuchas8KTV,panoramicAITVandOLEDTV.Ontheotherhand,theCompanyfurtherstrengtheneditstechnologylayoutinnewdisplaytechnology,newmaterials,energysavingandenvironmentprotection.Itsetupacademicianworkstationandsemi-conductorandoptoelectronicsresearchinstituteintendingtodrivehigh-qualitydevelopmentoftheCompanythroughinnovationsandbreakthroughsincoretechnologies.
2.Inaccordancewiththelong-termdevelopmentstrategyof“Technology+Industry+Park”,duringtheReportingPeriod,theCompanysuccessfullydelistedlandsusedforprojectsofChuzhouMinghuHealthCommunity,DongguanCity’sNewPlant,ChongqingKonkaSemi-conductorOptoelectronicsIndustrialPark,YantaiHealthAcceleratorIndustrialParkandHaimenHeadquartersforEasternChinawithsmoothproceedingofotherprojectsofindustrialpark.
3.Duetotherapiddevelopmentofemergingbusinesses,forQ1~Q3of2019,theCompanyrealizedtheoperatingrevenueofRMB41.68billionwithanincreaseof40.05%comparedwiththatofthesameperiodoflastyear.(II)ChangesinKeyFinancialStatementLineItems
Unit:RMB’0,000(inRMBtenthousandyuan)
Item
| Item | 30September2019 | 1January2019 | Change | Change(%) | Mainreasonforchange |
| Prepayments | 377,035.20 | 103,697.92 | 273,337.28 | 263.59% | Remarkableincreaseinbusinessinrelationtoenvironmentalprotectionandsupplychainmanagement |
| Non-currentfinanicalassets | 154,876.44 | 54,823.00 | 100,053.44 | 182.50% | Newlyaddedinvestmentsinopto-electronicsindustryfund |
| Interestspayable | 14,989.11 | 2,723.06 | 12,266.05 | 450.45% | IssueofcorporatebondsofRMB5billioninthisyear |
| Long-termborrowings | 181,269.57 | 44,500.00 | 136,769.57 | 307.35% | Increaseinnewlyaddedlong-termborrowingsofsubsidiaries |
| Item | Q1~Q32019 | Q1~Q32018 | Change | Change(%) | Mainreasonforchange |
Operatingrevenue
| Operatingrevenue | 4,168,124.93 | 2,976,172.99 | 1,191,951.94 | 40.05% | YoYincreaseinoperatingrevenueandcostofsalesregardingsupplychainmanagementbusinessfortheReportingPeriodandnewlyaddedbusinessinrelationtoenvironmentalprotection |
| Costofsales | 3,960,148.07 | 2,806,358.27 | 1,153,789.80 | 41.11% | |
| R&Dexpense | 31,910.23 | 22,674.73 | 9,235.50 | 40.73% | ContinuouslyenhancementofR&Dinputsinthisyear |
| Assetdisposalincome | 29,370.58 | 6,357.51 | 23,013.07 | 361.98% | DisposalofassetsbysubsidiariesintheReportingPeriod |
| Netcashgeneratedfrom/usedininvestingactivities | -101,394.11 | -73,803.61 | -27,590.50 | -37.38% | Increaseininvestingoffixedassetsandintangibleassetsinthisyear |
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
√Applicable□Notapplicable
1.ThelandshavebeenobtainedforprojectsofChuzhouMinghuHealthCommunity,DongguanCity’sNewPlant,ChongqingKonkaSemi-conductorOptoelectronicsIndustrialPark,YantaiHealthAcceleratorIndustrialParkandHaimenHeadquartersforEasternChinaduringtheReportingPeriod.AsforKonkaSmartTerminalsHigh-TechIndustrialParkinYibin,KonkaElectronicsTechnologyIndustrialParkinSuining,KonkaSmartAppliancesandEquipmentIndustrialParkinChuzhouandLankaoEnvironmentalProtectionBusinessIndustrialBase,therelevantconstructionisunderthepreparationorinprogress.
2.In2018LaunchofestablishingtheOrientKonkaIndustrialM&AFundrespectivelyholds
11.77%ofsharesinJiangxiYahuaElectronicMaterialsCo.,Ltd.,2.75%ofsharesinShenzhenGenewTechnologiesCo.,Ltd.,3.74%ofsharesinRoshowTechnologyCo.,Ltd.,and11.73%ofsharesinShenzhenGrenRFCommunicationCo.,Ltd.throughinvestments.
3.PrivateplacementofcorporatebondsofRMB0.6billion:ThematterhasbeenreviewedandapprovedinthegeneralmeetingoftheCompany,andthepreparationforrelevantdeclarationmaterialsisunderway.
| Announcementonsignificantevent | Disclosuredate | Websitelinktoannouncement |
| AnnouncementontheIssuanceResultsofthePrivatePlacementofCorporateBonds(PhaseIII)in2019 | 24July2019 | http://www.cninfo.com.cn/new/index |
| AnnouncementonReceivingtheNoticeofCSRContheexaminationoftheApplicationforResumptionofAdministrativeLicense | 10September2019 | |
| AnnouncementonCompletionofChangesinRegistrationforTransferofthe51%EquityInterestsinChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 27September2019 | |
| TheCompletionoftheRegistrationofChongqingKonkaSemiconductorOpto-electronicsResearchInstitute | 9October2019 |
Progressofanysharerepurchase:
□Applicable√Notapplicable
Progressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√NotapplicableIIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVSecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VWealthManagementEntrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIInvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
Date
| Date | WayofCommunication | Typeofcommunicationparty | Indextomaininformationcommunicated |
| 28June2019 | On-sitemeeting | Institution | http://www.cninfo.com.cn/new/index |
| 3July2019 | On-sitemeeting | Institution | |
| 17July2019 | On-sitemeeting | Institution | |
| 20August2019 | On-sitemeeting | Institution | |
| 11September2019 | On-sitemeeting | Institution |
VIIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IXOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
30September2019
Unit:RMB
Item
| Item | 30September2019 | 31December2018 |
| Currentassets: | ||
| Monetarycapital | 6,994,794,669.87 | 4,348,144,129.53 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Tradingfinancialassets | 61,494,666.97 | |
| Financialassetsatfairvaluethroughprofitorloss | 5,464,984.92 | |
| Derivativefinancialassets | ||
| Notesreceivable | 1,822,756,223.18 | 3,329,711,954.15 |
| Accountsreceivable | 5,384,468,569.95 | 4,458,053,586.42 |
| Accountsreceivablefinancing | 30,428,416.44 | |
| Prepayments | 3,770,352,017.29 | 1,036,979,167.56 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 1,177,221,079.26 | 410,804,180.50 |
| Including:Interestsreceivable | 5,833,162.55 | 4,059,682.40 |
| Dividendsreceivable | 547,848.62 | 547,848.62 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 6,471,061,158.11 | 5,487,605,227.05 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | 51,791,485.91 | 22,318,208.13 |
| Othercurrentassets | 1,524,910,157.61 | 2,744,216,141.98 |
| Totalcurrentassets | 27,289,278,444.59 | 21,843,297,580.24 |
| Non-currentassets: |
Loansandadvancestocustomers
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Available-for-salefinancialassets | 633,664,881.33 | |
| Investmentsinotherdebtobligations | ||
| Held-to-maturityinvestments | ||
| Long-termreceivables | 412,670,698.02 | 390,793,038.05 |
| Long-termequityinvestments | 2,964,002,398.80 | 2,637,780,825.53 |
| Investmentsinotherequityinstruments | 19,140,214.36 | |
| Othernon-currentfinancialassets | 1,548,764,400.00 | |
| Investmentproperty | 206,600,900.02 | 210,824,355.72 |
| Fixedassets | 2,556,567,268.89 | 2,410,226,495.81 |
| Constructioninprogress | 3,136,285,379.56 | 2,176,871,530.80 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 1,181,935,439.32 | 737,776,686.34 |
| R&Dexpense | ||
| Goodwill | 855,691,423.75 | 855,691,423.75 |
| Long-termprepaidexpense | 106,941,419.03 | 111,223,426.77 |
| Deferredincometaxassets | 870,066,949.65 | 639,433,954.30 |
| Othernon-currentassets | 520,552,612.20 | 337,477,690.39 |
| Totalnon-currentassets | 14,379,219,103.60 | 11,141,764,308.79 |
| Totalassets | 41,668,497,548.19 | 32,985,061,889.03 |
| Currentliabilities: | ||
| Short-termborrowings | 13,813,454,740.84 | 13,884,132,931.63 |
| Borrowingsfromcentralbank | ||
| Interbankloansobtained | ||
| Tradingfinancialliabilities | ||
| Financialliabilitiesatfairvaluethroughprofitorloss | 2,459,603.25 | |
| Derivativefinancialliabilities | ||
| Notespayable | 1,110,673,136.13 | 862,330,689.47 |
| Accountspayable | 5,197,990,516.38 | 4,362,723,050.33 |
| Advancesfromcustomers | 1,180,010,394.07 | 723,227,529.20 |
| Contractualliabilities |
Financialassetssoldunderrepurchaseagreements
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Payrollpayable | 230,972,629.89 | 376,506,567.71 |
| Taxespayable | 381,795,313.44 | 288,004,192.44 |
| Otherpayables | 2,230,692,538.75 | 2,024,657,277.74 |
| Including:Interestpayable | 149,891,095.43 | 27,230,631.41 |
| Dividendspayable | ||
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 1,353,399.25 | 151,792,404.13 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 24,146,942,668.75 | 22,675,834,245.90 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 1,812,695,729.90 | 445,000,000.00 |
| Bondspayable | 4,986,333,857.47 | |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | 342,932,515.78 | 128,374,597.41 |
| Long-termpayrollpayable | 5,617,330.28 | 8,792,614.98 |
| Provisions | 1,597,591.51 | 21,772,898.37 |
| Deferredincome | 139,556,366.01 | 112,899,128.24 |
| Deferredincometaxliabilities | 140,317,722.60 | 141,020,093.34 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 7,429,051,113.55 | 857,859,332.34 |
| Totalliabilities | 31,575,993,782.30 | 23,533,693,578.24 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares |
Perpetualbonds
| Perpetualbonds | ||
| Capitalreserves | 237,761,961.98 | 208,356,624.21 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -16,738,417.62 | -10,538,219.08 |
| Specialreserves | 110,216.01 | |
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 |
| Generalreserve | ||
| Retainedearnings | 4,478,222,085.15 | 4,271,408,192.21 |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,334,866,038.71 | 8,104,736,790.53 |
| Non-controllinginterests | 1,757,637,727.18 | 1,346,631,520.26 |
| Totalowners’equity | 10,092,503,765.89 | 9,451,368,310.79 |
| Totalliabilitiesandowners’equity | 41,668,497,548.19 | 32,985,061,889.03 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30September2019 | 31December2018 |
| Currentassets: | ||
| Monetarycapital | 2,851,530,664.06 | 2,124,335,536.69 |
| Tradingfinancialassets | 61,494,666.97 | |
| Financialassetsatfairvaluethroughprofitorloss | 5,464,984.92 | |
| Derivativefinancialassets | ||
| Notesreceivable | 1,296,842,782.41 | 2,181,466,683.90 |
| Accountsreceivable | 9,790,478,715.40 | 7,427,246,429.42 |
| Accountsreceivablefinancing | ||
| Prepayments | 1,555,701,408.42 | 1,019,335,571.49 |
| Otherreceivables | 8,754,780,182.80 | 6,667,463,126.57 |
| Including:Interestreceivable | 4,496,389.55 | 5,769,663.24 |
| Dividendsreceivable | ||
| Inventories | 328,176,805.47 | 254,225,716.41 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 98,176,190.78 | 77,249,216.99 |
| Totalcurrentassets | 24,737,181,416.31 | 19,756,787,266.39 |
Non-currentassets:
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Available-for-salefinancialassets | 326,164,881.33 | |
| Investmentsinotherdebtobligations | ||
| Held-to-maturityinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 6,841,301,700.53 | 6,182,962,034.71 |
| Investmentsinotherequityinstruments | 14,440,214.36 | |
| Othernon-currentfinancialassets | 250,230,000.00 | |
| Investmentproperty | 206,600,900.02 | 210,824,355.72 |
| Fixedassets | 448,222,683.16 | 462,721,018.30 |
| Constructioninprogress | 232,303,682.48 | 157,356,696.30 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 80,820,208.46 | 83,593,959.11 |
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | 66,565,616.18 | 80,388,949.97 |
| Deferredincometaxassets | 757,082,868.26 | 516,879,201.66 |
| Othernon-currentassets | 20,000,000.00 | 20,000,000.00 |
| Totalnon-currentassets | 8,917,567,873.45 | 8,040,891,097.10 |
| Totalassets | 33,654,749,289.76 | 27,797,678,363.49 |
| Currentliabilities: | ||
| Short-termborrowings | 9,193,116,148.28 | 8,179,564,987.70 |
| Tradingfinancialliabilities | ||
| Financialliabilitiesatfairvaluethroughprofitorloss | 2,459,603.25 | |
| Derivativefinancialliabilities | ||
| Notespayable | 1,854,390,903.32 | 3,513,157,955.43 |
| Accountspayable | 8,326,957,968.42 | 6,477,055,955.65 |
| Advancesfromcustomers | 367,080,069.26 | 306,650,717.69 |
| Contractualliabilities | ||
| Payrollpayable | 75,048,950.85 | 146,199,496.44 |
| Taxespayable | 1,850,089.08 | 10,913,871.30 |
Otherpayables
| Otherpayables | 2,625,799,680.02 | 2,011,494,378.65 |
| Including:Interestpayable | 146,784,607.53 | 24,158,666.48 |
| Dividendspayable | ||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 40,000,000.00 | |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 22,444,243,809.23 | 20,687,496,966.11 |
| Non-currentliabilities: | ||
| Long-termborrowings | 346,995,729.90 | 245,000,000.00 |
| Bondspayable | 4,986,333,857.47 | |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Provisions | 206,591.51 | 206,591.51 |
| Deferredincome | 69,127,582.04 | 75,705,476.93 |
| Deferredincometaxliabilities | 751,345.42 | |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 5,402,663,760.92 | 321,663,413.86 |
| Totalliabilities | 27,846,907,570.15 | 21,009,160,379.97 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 114,018,066.79 | 114,018,066.79 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -1,182,217.31 | -1,182,217.31 |
| Specialreserves | ||
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 |
| Retainedearnings | 2,059,495,676.94 | 3,040,171,940.85 |
| Totalowners’equity | 5,807,841,719.61 | 6,788,517,983.52 |
| Totalliabilitiesandowners’equity | 33,654,749,289.76 | 27,797,678,363.49 |
3.ConsolidatedIncomeStatementforQ3
Unit:RMB
Item
| Item | Q32019 | Q32018 |
| 1.Revenue | 15,644,806,446.79 | 12,136,315,129.29 |
| Including:Operatingrevenue | 15,644,806,446.79 | 12,136,315,129.29 |
| Interestincome | ||
| Premiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 16,025,188,376.66 | 12,507,069,794.98 |
| Including:Costofsales | 14,927,438,285.30 | 11,621,326,279.61 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netclaimspaid | ||
| Netamountprovidedaspolicyreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 18,882,712.84 | 22,256,789.30 |
| Sellingexpense | 537,449,008.46 | 511,335,968.05 |
| Administrativeexpense | 214,581,564.94 | 194,171,683.61 |
| R&Dexpense | 161,891,918.04 | 89,738,422.31 |
| Financecosts | 164,944,887.08 | 68,240,652.10 |
| Including:Interestexpense | 286,311,826.27 | 266,966,287.29 |
| Interestincome | 28,365,849.61 | 98,892,687.14 |
| Add:Otherincome | 298,288,604.77 | 141,693,252.31 |
| Returnoninvestment(“-”forloss) | 236,696,834.29 | 270,593,341.32 |
| Including:Shareofprofitorlossofjointventuresandassociates | -17,103,633.76 | 7,581,610.96 |
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Foreignexchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 10,085,276.33 | |
| Creditimpairmentloss(“-”forloss) | -39,670,359.96 | |
| Assetsimpairmentloss(“-”forloss) | 2,261,331.07 | -6,112,105.62 |
Assetdisposalincome(“-”forloss)
| Assetdisposalincome(“-”forloss) | -147,012.51 | |
| 3.Operatingprofit(“-”forloss) | 117,194,480.30 | 45,358,086.14 |
| Add:Non-operatingincome | 41,224,843.98 | 15,634,997.65 |
| Less:Non-operatingexpense | 1,809,247.39 | 5,920,162.45 |
| 4.Profitbeforetax(“-”forloss) | 156,610,076.89 | 55,072,921.34 |
| Less:Incometaxexpense | 4,284,277.99 | -115,426,383.66 |
| 5.Netprofit(“-”fornetloss) | 152,325,798.90 | 170,499,305.00 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 152,325,798.90 | 170,499,305.00 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 97,725,667.63 | 88,041,649.48 |
| 5.2.1Netprofitattributabletonon-controllinginterests | 54,600,131.27 | 82,457,655.52 |
| 6.Othercomprehensiveincome,netoftax | -757,628.66 | -12,097,422.41 |
| AttributabletoownersoftheCompanyastheparent | -2,540,311.85 | -13,373,312.59 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -2,540,311.85 | -13,373,312.59 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | ||
| 6.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancial |
assets
| assets | ||
| 6.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 6.2.7Reserveforcashflowhedges | ||
| 6.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -2,540,311.85 | -13,373,312.59 |
| 6.2.9Other | ||
| Attributabletonon-controllinginterests | 1,782,683.19 | 1,275,890.18 |
| 7.Totalcomprehensiveincome | 151,568,170.24 | 158,401,882.59 |
| AttributabletoownersoftheCompanyastheparent | 95,185,355.78 | 74,668,336.89 |
| Attributabletonon-controllinginterests | 56,382,814.46 | 83,733,545.70 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0406 | 0.0366 |
| 8.2Dilutedearningspershare | 0.0406 | 0.0366 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
4.IncomeStatementoftheCompanyastheParentforQ3
Unit:RMB
| Item | Q32019 | Q32018 |
| 1.Operatingrevenue | 3,420,624,874.36 | 4,440,642,646.78 |
| Less:Costofsales | 3,398,476,539.34 | 4,461,216,408.91 |
| Taxesandsurcharges | 2,196,972.53 | 3,290,938.91 |
| Sellingexpense | 289,700,691.74 | 318,949,025.34 |
| Administrativeexpense | 97,690,345.27 | 116,016,183.63 |
| R&Dexpense | 11,583,116.72 | 26,533,247.55 |
| Financecosts | 51,277,210.40 | 42,077,470.06 |
| Including:Interestexpense | 221,815,070.42 | 157,525,819.04 |
| Interestincome | 107,028,598.07 | 47,340,463.92 |
| Add:Otherincome | 16,519,680.07 | 37,349,655.22 |
| Returnoninvestment(“-”forloss) | 151,953,623.56 | 282,414,798.36 |
| Including:Shareofprofitorlossofjointventuresandassociates | -7,857,057.42 | -7,560,003.70 |
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 10,085,276.33 | |
| Creditimpairmentloss(“-”forloss) | -20,000,000.00 |
Assetsimpairmentloss(“-”forloss)
| Assetsimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 607.74 | |
| 2.Operatingprofit(“-”forloss) | -281,826,698.01 | -197,590,289.97 |
| Add:Non-operatingincome | 185,713.17 | 966,927.34 |
| Less:Non-operatingexpense | 169,334.48 | 285,098.31 |
| 3.Profitbeforetax(“-”forloss) | -281,810,319.32 | -196,908,460.94 |
| Less:Incometaxexpense | -65,507,220.62 | -77,096,924.08 |
| 4.Netprofit(“-”fornetloss) | -216,303,098.70 | -119,811,536.86 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -216,303,098.70 | -119,811,536.86 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | 5,222,526.42 | |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | 5,222,526.42 | |
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Gain/Lossonchangesinthefairvalueofavailable-for-salefinancialassets | 4,296,185.76 | |
| 5.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.5Gain/Lossarisingfromthereclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
| 5.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.2.7Reserveforcashflowhedges | ||
| 5.2.8Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 926,340.66 |
5.2.9Other
| 5.2.9Other | ||
| 6.Totalcomprehensiveincome | -216,303,098.70 | -114,589,010.44 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
5.ConsolidatedIncomeStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Revenue | 41,681,249,260.63 | 29,761,729,899.11 |
| Including:Operatingrevenue | 41,681,249,260.63 | 29,761,729,899.11 |
| Interestincome | ||
| Premiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Operatingcostsandexpenses | 42,723,961,198.82 | 30,481,274,468.11 |
| Including:Costofsales | 39,601,480,656.43 | 28,063,582,724.87 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netclaimspaid | ||
| Netamountprovidedaspolicyreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 56,271,805.11 | 49,903,363.92 |
| Sellingexpense | 1,605,394,922.82 | 1,614,517,042.56 |
| Administrativeexpense | 562,506,207.37 | 421,990,456.18 |
| R&Dexpense | 319,102,256.98 | 226,747,319.07 |
| Financecosts | 579,205,350.11 | 104,533,561.51 |
| Including:Interestexpense | 815,995,662.79 | 495,028,664.94 |
| Interestincome | 147,039,381.38 | 238,028,339.28 |
| Add:Otherincome | 642,173,576.13 | 264,719,535.81 |
| Investmentincome(“-”forloss) | 795,857,862.21 | 802,351,913.03 |
| Including:Shareofprofitorlossofjointventuresandassociates | -8,562,359.20 | 13,656,793.55 |
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost |
Foreignexchangegain(“-”forloss)
| Foreignexchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | -3,005,381.67 | 69,940,688.81 |
| Creditimpairmentloss(“-”forloss) | -89,146,583.72 | |
| Assetsimpairmentloss(“-”forloss) | -9,456,436.22 | -65,664,206.03 |
| Assetdisposalincome(“-”forloss) | 293,705,840.64 | 63,575,092.87 |
| 3.Operatingprofit(“-”forloss) | 587,416,939.18 | 415,378,455.49 |
| Add:Non-operatingincome | 63,494,286.07 | 42,852,490.62 |
| Less:Non-operatingexpense | 5,278,988.90 | 11,871,912.02 |
| 4.Profitbeforetax(“-”forloss) | 645,632,236.35 | 446,359,034.09 |
| Less:Incometaxexpense | 14,595,671.18 | -132,872,432.79 |
| 5.Netprofit(“-”fornetloss) | 631,036,565.17 | 579,231,466.88 |
| 5.1Byoperatingcontinuity(“-”fornetloss) | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 631,036,565.17 | 579,231,466.88 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 450,492,688.36 | 429,834,688.51 |
| 5.22.Netprofitattributabletonon-controllinginterests | 180,543,876.81 | 149,396,778.37 |
| 6.Othercomprehensiveincome,netoftax | -3,865,740.99 | -16,498,381.12 |
| AttributabletoownersoftheCompanyastheparent | -6,200,198.54 | -18,225,153.33 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -4,800,000.00 | |
| 6.1.1Changesinnetliabilitiesorassetscausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 6.1.2Shareofothercomprehensiveincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -4,800,000.00 | |
| 6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 6.1.5Other | ||
| 6.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | -1,400,198.54 | -18,225,153.33 |
6.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod
| 6.2.1Shareofothercomprehensiveincomeofinvesteesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets | -31,342.08 | |
| 6.2.4.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.5Gain/Lossarisingfromreclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
| 6.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 6.2.7Reserveforcashflowhedges | ||
| 6.2.8Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -1,400,198.54 | -18,193,811.25 |
| 6.2.9Other | ||
| Attributabletonon-controllinginterests | 2,334,457.55 | 1,726,772.21 |
| 7.Totalcomprehensiveincome | 627,170,824.18 | 562,733,085.76 |
| AttributabletoownersoftheCompanyastheparent | 444,292,489.82 | 411,609,535.18 |
| Attributabletonon-controllinginterests | 182,878,334.36 | 151,123,550.58 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.1871 | 0.1785 |
| 8.2Dilutedearningspershare | 0.1871 | 0.1785 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Operatingrevenue | 8,788,646,584.76 | 10,997,211,162.08 |
| Less:Costofsales | 8,662,626,032.49 | 10,419,241,341.62 |
| Taxesandsurcharges | 5,247,218.40 | 13,586,744.27 |
| Sellingexpense | 892,638,143.13 | 1,115,535,743.30 |
| Administrativeexpense | 214,332,248.59 | 241,930,804.62 |
| R&Dexpense | 33,467,367.19 | 128,379,273.19 |
| Financecosts | 315,092,491.81 | 188,923,238.66 |
| Including:Interestexpense | 706,461,849.17 | 445,544,643.70 |
Interestincome
| Interestincome | 332,427,396.10 | 160,404,469.05 |
| Add:Otherincome | 42,403,642.65 | 79,741,765.34 |
| Investmentincome(“-”forloss) | 337,929,362.44 | 1,441,862,076.64 |
| Including:Shareofprofitorlossofjointventuresandassociates | -3,928,528.71 | 5,680,179.60 |
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | -3,005,381.67 | 69,940,688.81 |
| Creditimpairmentloss(“-”forloss) | -26,660,947.01 | |
| Assetsimpairmentloss(“-”forloss) | -3,172,282.22 | -36,873,991.62 |
| Assetdisposalincome(“-”forloss) | 200.00 | 19,557.06 |
| 2.Operatingprofit(“-”forloss) | -987,262,322.66 | 444,304,112.65 |
| Add:Non-operatingincome | 1,708,572.98 | 14,841,432.79 |
| Less:Non-operatingexpense | 1,126,692.02 | 5,725,462.45 |
| 3.Profitbeforetax(“-”forloss) | -986,680,441.70 | 453,420,082.99 |
| Less:Incometaxexpense | -240,955,012.03 | -164,010,095.13 |
| 4.Netprofit(“-”fornetloss) | -745,725,429.67 | 617,430,178.12 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -745,725,429.67 | 617,430,178.12 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | 5,546,547.44 | |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 5.1.1Changesinnetliabilitiesorassetscausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 5.1.2Shareofothercomprehensiveincomeofinvesteesthatwillnotbereclassifiedtoprofitorlossunderequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 5.1.5Other | ||
| 5.2Itemsthatmaysubsequentlybereclassifiedtoprofitorloss | 5,546,547.44 | |
| 5.2.1Shareofothercomprehensiveincomeof |
investeesthatwillbereclassifiedtoprofitorlossunderequitymethod
| investeesthatwillbereclassifiedtoprofitorlossunderequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Gain/Lossonchangesinfairvalueofavailable-for-salefinancialassets | 4,296,185.76 | |
| 5.2.4Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.5Gain/Lossarisingfromreclassificationofheld-to-maturityinvestmentstoavailable-for-salefinancialassets | ||
| 5.2.6Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.2.7Reserveforcashflowhedges | ||
| 5.2.8Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | 1,250,361.68 | |
| 5.2.9Other | ||
| 6.Totalcomprehensiveincome | -745,725,429.67 | 622,976,725.56 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 41,460,695,427.76 | 24,472,986,972.47 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromcentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities |
Taxrebates
| Taxrebates | 596,940,645.18 | 312,128,742.81 |
| Cashgeneratedfromotheroperatingactivities | 2,810,409,063.92 | 2,865,828,267.19 |
| Subtotalofcashgeneratedfromoperatingactivities | 44,868,045,136.86 | 27,650,943,982.47 |
| Paymentsforcommoditiesandservices | 42,633,289,918.22 | 24,117,693,794.31 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsincentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 1,354,791,311.98 | 1,235,221,504.02 |
| Taxespaid | 604,891,331.46 | 1,593,043,900.48 |
| Cashusedinotheroperatingactivities | 2,847,652,417.14 | 3,601,969,084.22 |
| Subtotalofcashusedinoperatingactivities | 47,440,624,978.80 | 30,547,928,283.03 |
| Netcashgeneratedfrom/usedinoperatingactivities | -2,572,579,841.94 | -2,896,984,300.56 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 222,405,975.50 | 45,531,154.28 |
| Investmentincome | 109,794,038.16 | 100,982,942.46 |
| Netproceedsfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets | 123,083,476.75 | 1,851,025.13 |
| Netproceedsfromdisposalofsubsidiariesorotherbusinessunits | 90,801,480.11 | 141,294,742.26 |
| Cashgeneratedfromotherinvestingactivities | 1,757,416,878.42 | 1,392,285,000.00 |
| Subtotalofcashgeneratedfrominvestingactivities | 2,303,501,848.94 | 1,681,944,864.13 |
| Paymentsforacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 1,280,750,151.25 | 267,022,282.19 |
| Paymentsforinvestments | 1,236,659,360.00 | 450,546,156.00 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsforacquisitionofsubsidiariesandotherbusinessunits | 927,532,476.11 | |
| Cashusedinotherinvestingactivities | 800,033,420.00 | 774,880,000.00 |
| Subtotalofcashusedininvestingactivities | 3,317,442,931.25 | 2,419,980,914.30 |
| Netcashgeneratedfrom/usedininvestingactivities | -1,013,941,082.31 | -738,036,050.17 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 316,350,268.17 | 189,790,594.60 |
Including:Capitalcontributionsbynon-controllingintereststosubsidiaries
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 316,350,268.17 | 189,790,594.60 |
| Increaseinborrowingsobtained | 21,816,836,119.64 | 11,340,498,767.13 |
| Cashgeneratedfromotherfinancingactivities | 662,446,627.50 | 1,023,076.93 |
| Subtotalofcashgeneratedfromfinancingactivities | 22,795,633,015.31 | 11,531,312,438.66 |
| Repaymentofborrowings | 15,301,413,298.24 | 6,369,248,011.05 |
| Paymentsforinterestanddividends | 674,111,965.45 | 668,095,998.12 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | 33,607,322.95 | 1,629,621.25 |
| Cashusedinotherfinancingactivities | 534,292,325.64 | 77,087,550.43 |
| Subtotalofcashusedinfinancingactivities | 16,509,817,589.33 | 7,114,431,559.60 |
| Netcashgeneratedfrom/usedinfinancingactivities | 6,285,815,425.98 | 4,416,880,879.06 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | 7,020,688.15 | 22,282,446.23 |
| 5.Netincreaseincashandcashequivalents | 2,706,315,189.88 | 804,142,974.56 |
| Add:Cashandcashequivalents,beginningoftheperiod | 3,434,149,481.72 | 3,097,899,703.76 |
| 6.Cashandcashequivalents,endoftheperiod | 6,140,464,671.60 | 3,902,042,678.32 |
8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 15,276,237,884.82 | 12,987,769,338.60 |
| Taxrebates | 48,371,777.09 | 130,863,528.45 |
| Cashgeneratedfromotheroperatingactivities | 9,241,152,305.86 | 2,759,126,679.00 |
| Subtotalofcashgeneratedfromoperatingactivities | 24,565,761,967.77 | 15,877,759,546.05 |
| Paymentsforcommoditiesandservices | 13,228,154,713.94 | 11,185,702,814.55 |
| Cashpaidtoandforemployees | 538,054,123.81 | 713,115,942.78 |
| Taxespaid | 44,781,446.37 | 1,158,672,182.51 |
| Cashusedinotheroperatingactivities | 10,978,851,545.86 | 3,967,958,429.50 |
| Subtotalofcashusedinoperatingactivities | 24,789,841,829.98 | 17,025,449,369.34 |
| Netcashgeneratedfrom/usedinoperatingactivities | -224,079,862.21 | -1,147,689,823.29 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 166,685,882.00 | 224,007,998.00 |
| Investmentincome | 96,058,958.81 | 111,276,583.85 |
| Netproceedsfromdisposaloffixedassets,intangible | 255,200.79 | 172,255.79 |
assetsandotherlong-livedassets
| assetsandotherlong-livedassets | ||
| Netproceedsfromdisposalofsubsidiariesorotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | 777,615,551.82 | 1,564,279,083.79 |
| Subtotalofcashgeneratedfrominvestingactivities | 1,040,615,593.42 | 1,899,735,921.43 |
| Paymentsforacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 59,662,429.02 | 72,123,850.33 |
| Paymentsforinvestments | 703,450,000.00 | 2,022,767,387.50 |
| Netpaymentsforacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 5,137,623,500.00 | 922,780,798.39 |
| Subtotalofcashusedininvestingactivities | 5,900,735,929.02 | 3,017,672,036.22 |
| Netcashgeneratedfrom/usedininvestingactivities | -4,860,120,335.60 | -1,117,936,114.79 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Increaseinborrowingsobtained | 11,517,566,793.66 | 4,899,799,364.16 |
| Cashgeneratedfromotherfinancingactivities | 2,500,000.00 | |
| Subtotalofcashgeneratedfromfinancingactivities | 11,520,066,793.66 | 4,899,799,364.16 |
| Repaymentofborrowings | 4,960,897,423.76 | 1,502,962,221.73 |
| Paymentsforinterestanddividends | 561,130,301.68 | 640,026,892.15 |
| Cashusedinotherfinancingactivities | 10,922,037.42 | 435,233,291.92 |
| Subtotalofcashusedinfinancingactivities | 5,532,949,762.86 | 2,578,222,405.80 |
| Netcashgeneratedfrom/usedinfinancingactivities | 5,987,117,030.80 | 2,321,576,958.36 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | -10,762,185.92 | -41,200,286.25 |
| 5.Netincreaseincashandcashequivalents | 892,154,647.07 | 14,750,734.03 |
| Add:Cashandcashequivalents,beginningoftheperiod | 1,497,794,555.85 | 1,743,269,944.67 |
| 6.Cashandcashequivalents,endoftheperiod | 2,389,949,202.92 | 1,758,020,678.70 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheExecutionofanyNewStandardsGoverningFinancialInstruments,RevenueorLeasesfrom2019
√Applicable□NotapplicableConsolidatedBalanceSheet
Unit:RMB
| Item | 31December2018 | 1January2019 | Adjusted |
| Currentassets: |
Monetarycapital
| Monetarycapital | 4,348,144,129.53 | 4,348,144,129.53 | |
| Tradingfinancialassets | Inapplicable | 66,959,651.89 | 66,959,651.89 |
| Financialassetsatfairvaluethroughprofitorloss | 5,464,984.92 | Inapplicable | -5,464,984.92 |
| Notesreceivable | 3,329,711,954.15 | 3,136,050,327.88 | -193,661,626.27 |
| Accountsreceivable | 4,458,053,586.42 | 4,457,458,904.32 | -594,682.10 |
| Accountsreceivablefinancing | Inapplicable | 193,661,626.27 | 193,661,626.27 |
| Prepayments | 1,036,979,167.56 | 1,036,979,167.56 | |
| Otherreceivables | 410,804,180.50 | 408,514,607.98 | -2,289,572.52 |
| Including:Interestreceivable | 4,059,682.40 | 4,059,682.40 | |
| Dividendsreceivable | 547,848.62 | 547,848.62 | |
| Inventories | 5,487,605,227.05 | 5,487,605,227.05 | |
| Currentportionofnon-currentassets | 22,318,208.13 | 22,318,208.13 | |
| Othercurrentassets | 2,744,216,141.98 | 2,744,216,141.98 | |
| Totalcurrentassets | 21,843,297,580.24 | 21,901,907,992.59 | 58,610,412.35 |
| Non-currentassets: | |||
| Available-for-salefinancialassets | 633,664,881.33 | Inapplicable | -633,664,881.33 |
| Long-termreceivables | 390,793,038.05 | 390,793,038.05 | |
| Long-termequityinvestments | 2,637,780,825.53 | 2,637,780,825.53 | |
| Investmentsinotherequityinstruments | Inapplicable | 23,940,214.36 | 23,940,214.36 |
| Othernon-currentfinancialassets | Inapplicable | 548,230,000.00 | 548,230,000.00 |
| Investmentproperty | 210,824,355.72 | 210,824,355.72 | |
| Fixedassets | 2,410,226,495.81 | 2,410,226,495.81 | |
| Constructioninprogress | 2,176,871,530.80 | 2,176,871,530.80 | |
| Intangibleassets | 737,776,686.34 | 737,776,686.34 | |
| Goodwill | 855,691,423.75 | 855,691,423.75 | |
| Long-termprepaidexpense | 111,223,426.77 | 111,223,426.77 | |
| Deferredincometaxassets | 639,433,954.30 | 639,433,954.30 | |
| Othernon-currentassets | 337,477,690.39 | 337,477,690.39 | |
| Totalnon-currentassets | 11,141,764,308.79 | 11,080,269,641.82 | -61,494,666.97 |
| Totalassets | 32,985,061,889.03 | 32,982,177,634.41 | -2,884,254.62 |
| Currentliabilities: | |||
| Short-termborrowings | 13,884,132,931.63 | 13,884,132,931.63 | |
| Tradingfinancialliabilities | Inapplicable | 2,459,603.25 | 2,459,603.25 |
Financialliabilitiesatfairvaluethroughprofitorloss
| Financialliabilitiesatfairvaluethroughprofitorloss | 2,459,603.25 | Inapplicable | -2,459,603.25 |
| Notespayable | 862,330,689.47 | 862,330,689.47 | |
| Accountspayable | 4,362,723,050.33 | 4,362,723,050.33 | |
| Advancesfromcustomers | 723,227,529.20 | 723,227,529.20 | |
| Payrollpayable | 376,506,567.71 | 376,506,567.71 | |
| Taxespayable | 288,004,192.44 | 288,004,192.44 | |
| Otherpayables | 2,024,657,277.74 | 2,024,657,277.74 | |
| Including:Interestpayable | 27,230,631.41 | 27,230,631.41 | |
| Currentportionofnon-currentliabilities | 151,792,404.13 | 151,792,404.13 | |
| Totalcurrentliabilities | 22,675,834,245.90 | 22,675,834,245.90 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 445,000,000.00 | 445,000,000.00 | |
| Long-termpayables | 128,374,597.41 | 128,374,597.41 | |
| Long-termpayrollpayable | 8,792,614.98 | 8,792,614.98 | |
| Provisions | 21,772,898.37 | 21,772,898.37 | |
| Deferredincome | 112,899,128.24 | 112,899,128.24 | |
| Deferredincometaxliabilities | 141,020,093.34 | 141,020,093.34 | |
| Totalnon-currentliabilities | 857,859,332.34 | 857,859,332.34 | |
| Totalliabilities | 23,533,693,578.24 | 23,533,693,578.24 | |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
| Capitalreserves | 208,356,624.21 | 208,356,624.21 | |
| Othercomprehensiveincome | -10,538,219.08 | -10,538,219.08 | |
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 | |
| Retainedearnings | 4,271,408,192.21 | 4,268,523,937.59 | -2,884,254.62 |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,104,736,790.53 | 8,101,852,535.91 | -2,884,254.62 |
| Non-controllinginterests | 1,346,631,520.26 | 1,346,631,520.26 | |
| Totalowners’equity | 9,451,368,310.79 | 9,448,484,056.17 | -2,884,254.62 |
| Totalliabilitiesandowners’equity | 32,985,061,889.03 | 32,982,177,634.41 | -2,884,254.62 |
NotesforadjustmentTheCompanyhasimplementedtheNewFinancialInstrumentStandardsinceJanuary1,2019,respectivelymeasured“financialassetsatfairvaluethroughprofitorloss”as“financialassetsheldfortrading”,measured“available-for-salefinancialassets”as
“financialassetsheldfortrading”，“othernon-currentfinancialassets”and“otherequityinstrument”,measured“notesmeasuredatthefairvaluewithitschangesincludedintoothercomprehensiveincome”as“accountsreceivablefinancing”,measured“financialliabilitiesatfairvaluethroughprofitorloss”as“tradingfinancialliabilities”.AccordingtotheconvergencerulesoftheNewFinancialInstrumentStandards,theCompanydoesnotneedtorestatethepreviouscomparables,andtheinformationpresentedinthefinancialstatementsisnotinconsistentwiththerequirementsofthenewstandard.Thedifferencebetweentheoriginalbookvalueofthefinancialinstrumentandthenewbookvalueonthedateofimplementationofthestandardisincludedintheretainedearningsatthebeginningof2019.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item
| Item | 31December2018 | 1January2019 | Adjusted |
| Currentassets: | |||
| Monetarycapital | 2,124,335,536.69 | 2,124,335,536.69 | |
| Tradingfinancialassets | Inapplicable | 66,959,651.89 | 66,959,651.89 |
| Financialassetsatfairvaluethroughprofitorloss | 5,464,984.92 | Inapplicable | -5,464,984.92 |
| Notesreceivable | 2,181,466,683.90 | 2,181,166,683.90 | -300,000.00 |
| Accountsreceivable | 7,427,246,429.42 | 7,426,742,836.53 | -503,592.89 |
| Accountsreceivablefinancing | Inapplicable | 300,000.00 | 300,000.00 |
| Prepayments | 1,019,335,571.49 | 1,019,335,571.49 | |
| Otherreceivables | 6,667,463,126.57 | 6,665,839,214.30 | -1,623,912.27 |
| Including:Interestreceivable | 5,769,663.24 | 5,769,663.24 | |
| Inventories | 254,225,716.41 | 254,225,716.41 | |
| Othercurrentassets | 77,249,216.99 | 77,249,216.99 | |
| Totalcurrentassets | 19,756,787,266.39 | 19,816,154,428.20 | 59,367,161.81 |
| Non-currentassets: | |||
| Available-for-salefinancialassets | 326,164,881.33 | Inapplicable | -326,164,881.33 |
| Long-termequityinvestments | 6,182,962,034.71 | 6,182,962,034.71 | |
| Investmentsinotherequityinstruments | Inapplicable | 14,440,214.36 | 14,440,214.36 |
| Othernon-currentfinancialassets | Inapplicable | 250,230,000.00 | 250,230,000.00 |
| Investmentproperty | 210,824,355.72 | 210,824,355.72 | |
| Fixedassets | 462,721,018.30 | 462,721,018.30 |
Constructioninprogress
| Constructioninprogress | 157,356,696.30 | 157,356,696.30 | |
| Intangibleassets | 83,593,959.11 | 83,593,959.11 | |
| Long-termprepaidexpense | 80,388,949.97 | 80,388,949.97 | |
| Deferredincometaxassets | 516,879,201.66 | 516,879,201.66 | |
| Othernon-currentassets | 20,000,000.00 | 20,000,000.00 | |
| Totalnon-currentassets | 8,040,891,097.10 | 7,979,396,430.13 | -61,494,666.97 |
| Totalassets | 27,797,678,363.49 | 27,795,550,858.33 | -2,127,505.16 |
| Currentliabilities: | |||
| Short-termborrowings | 8,179,564,987.70 | 8,179,564,987.70 | |
| Tradingfinancialliabilities | Inapplicable | 2,459,603.25 | 2,459,603.25 |
| Financialliabilitiesatfairvaluethroughprofitorloss | 2,459,603.25 | Inapplicable | -2,459,603.25 |
| Notespayable | 3,513,157,955.43 | 3,513,157,955.43 | |
| Accountspayable | 6,477,055,955.65 | 6,477,055,955.65 | |
| Advancesfromcustomers | 306,650,717.69 | 306,650,717.69 | |
| Payrollpayable | 146,199,496.44 | 146,199,496.44 | |
| Taxespayable | 10,913,871.30 | 10,913,871.30 | |
| Otherpayables | 2,011,494,378.65 | 2,011,494,378.65 | |
| Including:Interestpayable | 24,158,666.48 | 24,158,666.48 | |
| Currentportionofnon-currentliabilities | 40,000,000.00 | 40,000,000.00 | |
| Totalcurrentliabilities | 20,687,496,966.11 | 20,687,496,966.11 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 245,000,000.00 | 245,000,000.00 | |
| Provisions | 206,591.51 | 206,591.51 | |
| Deferredincome | 75,705,476.93 | 75,705,476.93 | |
| Deferredincometaxliabilities | 751,345.42 | 751,345.42 | |
| Totalnon-currentliabilities | 321,663,413.86 | 321,663,413.86 | |
| Totalliabilities | 21,009,160,379.97 | 21,009,160,379.97 | |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
| Capitalreserves | 114,018,066.79 | 114,018,066.79 | |
| Othercomprehensiveincome | -1,182,217.31 | -1,182,217.31 | |
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 | |
| Retainedearnings | 3,040,171,940.85 | 3,038,044,435.69 | -2,127,505.16 |
Totalowners’equity
| Totalowners’equity | 6,788,517,983.52 | 6,786,390,478.36 | -2,127,505.16 |
| Totalliabilitiesandowners’equity | 27,797,678,363.49 | 27,795,550,858.33 | -2,127,505.16 |
NotesforadjustmentTheCompanyhasimplementedtheNewFinancialInstrumentStandardsinceJanuary1,2019,respectivelymeasured“financialassetsatfairvaluethroughprofitorloss”as“financialassetsheldfortrading”,measured“available-for-salefinancialassets”as“financialassetsheldfortrading”，“othernon-currentfinancialassets”and“otherequityinstrument”,measured“notesmeasuredatthefairvaluewithitschangesincludedintoothercomprehensiveincome”as“accountsreceivablefinancing”,measured“financialliabilitiesatfairvaluethroughprofitorloss”as“tradingfinancialliabilities”.AccordingtotheconvergencerulesoftheNewFinancialInstrumentStandards,theCompanydoesnotneedtorestatethepreviouscomparables,andtheinformationpresentedinthefinancialstatementsisnotinconsistentwiththerequirementsofthenewstandard.Thedifferencebetweentheoriginalbookvalueofthefinancialinstrumentandthenewbookvalueonthedateofimplementationofthestandardisincludedintheretainedearningsatthebeginningof2019.
2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstofanyNewStandardsGoverningFinancialInstrumentsorLeasesfrom2019
□Applicable√NotapplicableIIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.
TheBoardofDirectorsKonkaGroupCo.,Ltd.
30October2019