GuangdongElectricPowerDevelopmentCo.,Ltd.
TheFirstQuarterlyReport2020
April2020
TheFirstQuarterlyReport2020
1ImportantnotesTheBoardofDirectors，theSupervisoryCommittee,thedirectors,thesupervisors,andexecutivesoftheCompanyguaranteethattherearenosignificantomissions,fictitiousormisleadingstatementscarriedintheQuarterlyReportandwewillacceptindividualandjointresponsibilitiesforthetruthfulness,accuracyandcompletenessoftheQuarterlyReport.OtherdirectorsattendingtheMeetingforQuarterlyReportdeliberationexceptforthefollowed:
| Nameofdirectorabsent | Titleforabsentdirector | Reasonsforabsent | Attorney |
| WenLianhe | Director | Duetobusiness | WangJin |
| ChenZe | Director | Duetobusiness | WangJin |
| LiFangji | Director | Duetobusiness | ZhengYunpeng |
| YanMing | Director | Duetobusiness | ZhengYunpeng |
| MaoQinghan | Director | Duetobusiness | MaXiaoqian |
| YinZhongyu | Director | Duetobusiness | ShaQilin |
Mr.WangJin,PersoninchargeoftheCompany,Mr.LiuWei,Personinchargeofaccountingworks,Mr.MengFei,CFOaswellaspersoninchargeofaccountinginstitutionrepresentandwarrantthefinancialandaccountingreportinthefirstquarterlyreportistrueandcomplete.
TheFirstQuarterlyReport2020
II.BasicinformationaboutthecompanyI.Mainfinancialdataandindices
IndicatebytickmarkwhethertheCompanyneedstoretroactivelyrestateanyofitsaccountingdata.
□Yes√No
| Thisperiod | Sameperiodoflastyear | Changesofthisperiodoversameperiodoflastyear（％） | |
| Operatingrevenue（Yuan） | 4,703,863,816 | 5,589,715,802 | -15.85% |
| Netprofitattributabletotheshareholdersofthelistedcompany（Yuan） | 7,373,105 | 109,518,462 | -93.27% |
| Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan） | -372,094 | 109,805,200 | -100.34% |
| Netcashgeneratedfrom/usedinoperatingactivities（Yuan） | 1,170,574,344 | 1,805,095,658 | -35.15% |
| Basicearningpershare(Yuan/Share) | 0.0014 | 0.0209 | -93.30% |
| Dilutedgainspershare(Yuan/Share) | 0.0014 | 0.0209 | -93.30% |
| Weightedaveragereturnonequity（%） | 0.03% | 0.34% | -0.31% |
| Endofthisperiod | Endoflastperiod | Changesofthisperiod-endoversameperiod-endoflastyear(%) | |
| Totalassets（Yuan） | 76,358,861,961 | 75,472,027,123 | 1.18% |
| Netassetsattributabletotheshareholdersofthelistedcompany（Yuan） | 26,155,872,112 | 26,178,241,077 | -0.09% |
Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Items | Amount(Year-beginningtotheendofthereportperiod.) | Notes |
| Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | -119,473 |
TheFirstQuarterlyReport2020
| Govemmentsubsidyrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 7,922,409 | MainlyduetothatZhennengCompanyreceived4.2millionyuanduetoreimbursementofunemploymentinsuranceforaffectedcompaniesin2018andGuangqianCompanyreceivedasteadygrowthsubsidyof1millionyuan. |
| Othernon-operatingincomeandexpenditureexceptfortheaforementioneditems | 5,109,542 | Mainlyduetothesubsidiaries’fineincomefromprojectengineeringpartyatexaminationandtherefundoftaxes. |
| Less:Amountofinfluenceofincometax | 3,078,959 | |
| Influencedamountofminorshareholders’equity(aftertax) | 2,088,320 | |
| Total | 7,745,199 | -- |
FortheCompany’snon-recurringgain/lossitemsasdefinedintheExplanatoryAnnouncementNo.1oninformationdisclosureforCompainesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.
□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecorgnizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.II.Totalnumberofshareholdersattheperiod-endandshareholdingsoftop10shareholders
1.AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders
Inshares
| Totalnumberofcommonshareholdersattheperiod-end | 94,679 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 | |||
| Sharesheldbythetop10shareholders | ||||||
| Shareholdername | Propertiesofshareholder | Shareproportion% | Quantity | AmountoftradableshareswithConditionalheld | Pledgingorfreezing | |
| Statusoftheshares | Quantity | |||||
| GuangdongEnergyGroupCo.,Ltd. | State-ownedlegalperson | 67.39% | 3,538,005,285 | 1,893,342,621 | ||
TheFirstQuarterlyReport2020
| ChinaSecuritiesFinanceCo.,Ltd. | State-ownedlegalperson | 2.84% | 148,862,420 | ||
| ShenzhenGuangfaElectricPowerInvestmentCo.,Ltd. | State-ownedlegalperson | 2.22% | 116,693,602 | ||
| GuangdongElectricPowerDevelopmentCorporation | State-ownedlegalperson | 1.80% | 94,367,341 | ||
| LiZhuo | DomesticNaturalperson | 0.60% | 31,623,523 | ||
| ZhengJianxiang | DomesticNaturalperson | 0.45% | 23,372,798 | ||
| HarbinHaliIndustryCo.,Ltd. | DomesticNon-Stateownedlegalperson | 0.40% | 20,942,945 | ||
| CHINAINT'LCAPITALCORPHONGKONGSECURITIESLTD | OverseasLegalperson | 0.29% | 15,316,066 | ||
| HarbinDaoliDistrictCharityFoundation | DomesticNon-Stateownedlegalperson | 0.26% | 13,660,906 | ||
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | OverseasLegalperson | 0.25% | 13,088,628 | ||
| SharesheldbytheTop10ShareholdersofNon-restrictedshares | |||||
| Shareholders’Names | Numberofthenon-restrictedsharesheld | Sharetype | |||
| Sharetype | Quantity | ||||
| GuangdongEnergyGroupCo.,Ltd. | 1,644,662,664 | RMBCommonshares | 1,644,662,664 | ||
| ChinaSecuritiesFinanceCo.,Ltd. | 148,862,420 | RMBCommonshares | 148,862,420 | ||
| ShenzhenGuangfaElectricPowerInvestmentCo.,Ltd. | 116,693,602 | RMBCommonshares | 116,693,602 | ||
| GuangdongElectricPowerDevelopmentCorporation | 94,367,341 | RMBCommonshares | 94,367,341 | ||
| LiZhuo | 31,623,523 | RMBCommonshares | 31,623,523 | ||
| ZhengJianxiang | 23,372,798 | Foreignsharesplacedindomesticexchange | 23,372,798 | ||
| HarbinHaliIndustryCo.,Ltd. | 20,942,945 | RMBCommonshares | 20,942,945 | ||
| CHINAINT'LCAPITALCORPHONGKONGSECURITIESLTD | 15,316,066 | Foreignsharesplacedindomesticexchange | 15,316,066 | ||
| HarbinDaoliDistrictCharityFoundation | 13,660,906 | RMBCommonshares | 13,660,906 | ||
TheFirstQuarterlyReport2020
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | 13,088,628 | Foreignsharesplacedindomesticexchange | 13,088,628 |
| Explanationonassociatedrelationshiporconcertedactionoftheaboveshareholders | ThefourthlargestshareholderGuangdongElectricPowerDevelopmentCorporationisthewholly-ownedsubsidiariesofthelargestshareholderGuangdongEnergyGroup.Thesetwocompanieshaverelationships;whethertheothershareholdershaverelationshipsorunanimousactingwasunknown. | ||
| Notetothetop10commonstockholdersinvolvedinmarginfinancing&securitieslending(Ifany) | TheFifthlargestshareholderLiZhuoholds116,200AsharesoftheCompanythroughAsharesordinarystockaccount,andholds31,507,323AsharesoftheCompanythroughstockaccountwithcredittransactionandguarantee,hold31,623,523sharesoftheCompany'sstocktotally；TheseventhlargestshareholderHarbinHaliIndustryCo.,Ltd.holds300AsharesoftheCompanythroughAsharesordinarystockaccount,andholds20,942,645AsharesoftheCompanythroughstockaccountwithcredittransactionandguarantee.hold20，942，945sharesoftheCompany'sstocktotally；TheNinthlargestshareholderHarbinDaoliDistrictCharityFoundationholds10,300AsharesoftheCompanythroughAsharesordinarystockaccount,andholds13,650,606AsharesoftheCompanythroughstockaccountwithcredittransactionandguarantee,holds13,660,906sharesoftheCompany'sstocktotally. | ||
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.
□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.
2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
TheFirstQuarterlyReport2020
III.SignificantEventsI.Particularaboutlarge-marginchangeofmainaccountingstatementitemandfinancialindexanditsreason.
√Applicable□NotapplicableAffectedbytheSpringFestivalholidayandtheNewCoronaryPneumoniaepidemic,theelectricityconsumptionofthewholesocietyinGuangdongProvincedecreasedby10.4%YOYinthefirstquarterof2020,andthecoal-firedpowerunitsintheprovinceexperiencedalarge-scaleshutdownandpeakregulation.TheCompanyhadcompleted12.14billionkWhofpowergenerationasstatedintheconsolidatedaccounting,adecreaseof
16.24%YOY;thecumulativeon-gridelectricitywas11.517billionkWh,adecreaseof16.06%YOY;theaverageon-gridelectricitypriceintheconsolidatedstatementwas449.99yuan/thousandskWh(includingtax,thesamebelow)),aYOYdecreaseofRMB14.81/thousandskWh;itrealizedtheoperatingincomeofRMB4,703,863,800,aYOYdecreaseof15.85%;duetoalargedecreaseintheamountofon-gridelectricity,thenetcashflowgeneratedbytheCompany’soperatingactivitiesdecreasedby35.15%YOY.AffectedbythesharpreductionintheindustrialpowerdemandofthewholesocietyinGuangdongProvince,theCompany'son-gridelectricityinthefirstquarterdroppedsignificantlyYOY,andtheinvestmentincomeofassociatesalsodeclined,resultinginasignificantYOYdeclineintheCompany'sgrossprofitandinthenetprofitattributabletoparentcompanyincurredfrompowergeneration.Inthefirstquarterof2020,thenetprofitattributabletoshareholdersoftheparentcompanywas7.37millionyuan,aYOYdecreaseof93.27%II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.
√Applicable□Notapplicable
1.Duringthereportingperiod,GuangdongYudeanBoheCoalandElectricityCo.,Ltd.,whichisthecompany'sholdingsubsidiary,receivedtheApprovalonGuangdongYudeanMaomingBohePowerPlant2×1millionkilowatts‘Developinglargeunitsanddiscouragesmallones’PowerGenerationProject"byGuangdongProvincialDevelopmentandReformCommission(YuefaGaikeApprovalNo.1-[2020]),agreeingtobuildthe2×1millionkilowatt'Developinglargeunitsanddiscouragesmallones'powergenerationprojectinGuangdongYudeanMaomingBohePowerPlant.Theprojectplanstobuildtwo1-million-kilowattultra-supercriticalcoal-firedgeneratingunits,andsimultaneouslybuildfluegasdesulfurization,denitrification,dustremovalandotherfluegastreatmentenvironmentalprotectionfacilitiesandwastewatertreatmentfacilities.Thetotalinvestmentoftheprojectis8.104billionyuan,ofwhichtheprojectcapitalis1.621billionyuan,accountingfor20%ofthetotalinvestmentoftheproject,andthedomesticloanis6.483billionyuan.TheCompanyisfullypromotingtheprojectconstructioninaccordancewiththerelevantrequirementsoftheprojectapprovaldocument.
2.InordertopromotethelandingimplementationandtherapidprogressoftheHuizhouDayawanPetrochemicalZoneWestComprehensiveEnergyStationproject,afterreviewedbythesecondcommunicationmeetingin2020oftheninthboardofdirectorsoftheCompanyheldonFebruary14,2020,theCompanyandtheHuizhouDayawanPetrochemicalIndustrialZoneInvestmentCo.,Ltd.agreedtoinvestandestablishajointventure-HuizhouDayawanPetrochemicalDistrictWestComprehensiveEnergyStationProjectCompanyinaccordancewiththeequityproportionof80%:20%.Theupfrontworkshallbecarriedoutuponby3H-class(660-800MW)gasunitsand2150t/hgasboilers(Thefinalconstructionscaleshallbereasonablydeterminedat
TheFirstQuarterlyReport2020
thefeasibilitystudystage),andtheupfrontworkexpenseiscontrolledat12millionyuan.TheregisteredplaceoftheprojectcompanyisDayawanDistrict,HuizhouCity,andtheinitialregisteredcapitalis22millionyuan.TheCompanyiscurrentlycarryingouttheupfrontworkinaccordancewiththerelevantrequirementsbytheprojectapproval.
3.Accordingtothe"ReplybytheNationalDevelopmentandReformCommissionontheApprovalonGuangdongElectricPowerDevelopmentCo.,Ltd.'sIssuanceofGreenBonds"(FagaiEnterpriseBondsNo.21-[2020]),it’sagreedthattheCompanyshallissuenomorethan4billiongreenbonds,with800millionfundsraisedwillbeusedforYudeanYangjiangShapaOffshoreWindPowerProject,1billionyuanwillbeusedforZhuhaiJinwanOffshoreWindFarmProject,700millionyuanwillbeusedforthePhaseIIofGuangdongYudeanZhanjiangWailuoOffshoreWindPowerProject,and1.5billionyuanwillbeusedtosupplementtheworkingcapital.TheCompanyishandlingtherelatedmattersofthisissuanceofgreenbondsinaccordancewiththeapprovaldocumentsandotherrelevantrequirements.
4.Duringthereportingperiod,therepaymentofprincipalandinterestandthedelistingofthecorporatebond"12YudeanBonds"wascompletedonMarch18,2020.
5.InthetenthmeetingoftheninthboardofdirectorsoftheCompanyheldonJanuary17,2020,the"ProposalontheRoutineRelatedTransactionoftheCompanyandGuangdongEnergyGroupCo.,Ltd.in2020",the“ProposalabouttheCompanyandGuangdongYudeanFinanceCo.,Ltdsigningthe"FinancialServiceFrameworkAgreement",the"ProposalontheCompanyandGuangdongYudeanFinancialLeasingCo.,Ltd.Signingthe’FinancialLeaseCooperationFrameworkAgreement’"andthe"ProposalontheCompanyandGuangdongYudeanPropertyInsuranceCaptiveInsuranceCo.,Ltd.Signingthe'FrameworkAgreementonCooperationinInsuranceandRiskManagementServices'"werereviewedandapproved,andtheabove-mentionedrelatedpartytransactionswillbesubmittedtotheCompany'sfirstprovisionalshareholders’generalmeetingof2020forapproval.
| Announcement | Dateofdisclosure | Websitefordisclosure |
| AnnouncementonApprovalof2×1millionkilowatts"DevelopingLargeUnitsandSuppressingSmallOnes"PowerGenerationProjectofGuangdongMaomingBohePowerPlant | January11,2020 | http//www.cninfo.com.cn. |
| AnnouncementofResolutionsoftheSecondMeetingoftheNinthBoardofDirectorsbyCorrespondenceof2020 | February15,2020 | http//www.cninfo.com.cn. |
| AnnouncementonhavingobtainedtheapprovalfromtheNationalDevelopmentandReformCommissionfortheissuanceofgreenbonds. | February27,2020 | http//www.cninfo.com.cn. |
TheFirstQuarterlyReport2020
| AnnouncementofCorporate“12YudeanBonds”PrincipalandInterestPaymentandDelisting | March12,2020 | http//www.cninfo.com.cn. |
| EstimatesannouncementoftheDailyRelatedPartyTransactionsof2020 | January18,2020 | http//www.cninfo.com.cn. |
| AnnouncementofRelatedTransactionsonSigningoftheFinancialServicesFrameworkAgreement,FrameworkAgreementonFinancingLeasingCooperationandFrameworkAgreementonCooperationinInsuranceandRiskManagementServices | January18,2020 | http//www.cninfo.com.cn. |
Progressintheimplementationofsharerepurchase
□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding
□Applicable√NotapplicableIII.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod
□Applicable√NotapplicableNosuchcasesinthereportingperiod.
TheFirstQuarterlyReport2020
IV.Securitiesinvestment
√Applicable□Notapplicable
InRMB
| Securitycategory | Securitycode | StockAbbreviation: | Initialinvestmentcost | Modeofaccountingmeasurement | Bookvaluebalanceatthebeginningofthereportingperiod | Changesinfairvalueofthethisperiod | Cumulativefairvaluechangesinequity | Purchaseamountinthethisperiod | Saleamountinthethisperiod | Gain/lossofthereportingperiod | Bookvaluebalanceattheendofthereportingperiod | Accountingitems | Sourceoftheshares |
| Domesticandforeignstocks | 000027 | ShenzhenEnergy | 15,890,628 | FVM | 78,246,000 | -10,458,000 | 51,897,372 | 67,788,000 | OtherequityinstrumentInvestment | Own-funds | |||
| Domesticandforeignstocks | 600642 | Shenergy | 235,837,988 | FVM | 322,642,373 | -29,432,093 | 57,372,292 | 293,210,280 | OtherequityinstrumentInvestment | Own-funds | |||
| Domesticandforeignstocks | 831039 | NEEQ | 3,600,000 | FVM | 7,182,000 | 234,000 | 3,816,000 | 7,416,000 | OtherequityinstrumentInvestment | Own-funds |
TheFirstQuarterlyReport2020
| Total | 255,328,616 | -- | 408,070,373 | -39,656,093 | 113,085,664 | 0 | 0 | 0 | 368,414,280 | -- | -- |
| DisclosuredateforthenoticeofapprovalbytheBoard(Ifany) | October31,2019 | ||||||||||
| Disclosuredateforthenoticeofapprovalbyshareholders’Meeting(Ifany) | |||||||||||
V.EntrustedFinancialManagement
□Applicable√NotapplicableNosuchcasesintheReportingPeriodVI.Investmentinderivatives
□Applicable√NotapplicableNosuchcasesintheReportingPeriod
TheFirstQuarterlyReport2020
VII.Theregistrationformofacceptanceofinvestigation,communicationandinterviewinthereportperiodforfuturereference
□Applicable√NotapplicableNosuchcasesintheReportingPeriodVIII.Externalguaranteegetoutofline
□Applicable√NotapplicableNosuchcasesinthereportingperiod.IX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany
□Applicable√NotapplicableNosuchcasesinthereportingperiod.
IV.FinancialStatementI.Financialstatement
1.ConsolidatedbalancesheetPreparedby:GuangdongElectricPowerDevelopmentCo.,Ltd.
March31,2020
InRMB
| Items | March31,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 5,337,734,076 | 5,081,641,969 |
| Settlementprovision | ||
| Outgoingcallloan | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 2,559,444,787 | 3,197,690,464 |
| Financingreceivable | ||
| Prepayments | 807,453,150 | 605,314,333 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 189,144,729 | 272,801,588 |
| Including：Interestreceivable | 21,710,725 | 20,866,069 |
| Dividendreceivable | ||
| Repurchasingoffinancialassets | ||
| Inventories | 2,109,021,555 | 1,817,059,269 |
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 76,755,317 | 28,865,131 |
| Othercurrentasset | 550,591,741 | 305,595,567 |
| Totalofcurrentassets | 11,630,145,355 | 11,308,968,321 |
| Non-currentassets： |
| Loansandpaymentonother’sbehalfdisbursed | ||
| Creditor'sInvestment | ||
| OtherCreditor'sInvestment | ||
| Long-termreceivable | 18,581,834 | 65,856,346 |
| Longtermshareequityinvestment | 6,519,457,716 | 6,455,784,562 |
| Otherequityinstrumentsinvestment | 3,102,715,280 | 3,142,371,373 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 51,455,928 | 52,093,631 |
| Fixedassets | 40,656,253,717 | 38,555,718,718 |
| Constructioninprogress | 8,717,069,165 | 10,882,003,846 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 1,781,760,599 | 1,787,738,640 |
| Developmentexpenses | ||
| Goodwill | 2,449,886 | 2,449,886 |
| Long-germexpensestobeamortized | 18,581,836 | 19,473,586 |
| Deferredincometaxasset | 466,722,128 | 445,709,226 |
| Othernon-currentasset | 3,393,668,517 | 2,753,858,988 |
| Totalofnon-currentassets | 64,728,716,606 | 64,163,058,802 |
| Totalofassets | 76,358,861,961 | 75,472,027,123 |
| Currentliabilities | ||
| Short-termloans | 6,909,596,729 | 5,904,132,791 |
| LoanfromCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 1,312,229,196 | 1,364,236,650 |
| Accountpayable | 2,526,951,096 | 2,465,154,162 |
| Advancereceipts | 113,164 | 432,714 |
| Contractliabilities | 183,915 | |
| Sellingofrepurchasedfinancialassets |
| Deposittakingandinterbankdeposit | ||
| Entrustedtradingofsecurities | ||
| Entrustedsellingofsecurities | ||
| Employees’wagepayable | 267,405,716 | 242,510,538 |
| Taxpayable | 334,699,526 | 571,377,151 |
| Otheraccountpayable | 4,392,695,118 | 4,042,117,097 |
| Including：Interestpayable | ||
| Dividendpayable | 9,771,322 | 9,771,322 |
| Feesandcommissionspayable | ||
| Reinsurancefeepayable | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 2,967,304,196 | 3,182,980,482 |
| Othercurrentliability | 2,112,043,575 | 1,912,282,192 |
| Totalofcurrentliability | 20,823,222,231 | 19,685,223,777 |
| Non-currentliabilities： | ||
| Reservefundforinsurancecontracts | ||
| Long-termloan | 16,396,563,419 | 16,587,103,380 |
| Bondpayable | 1,497,184,090 | 1,496,631,799 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 2,416,600,683 | 2,485,346,245 |
| Long-termremunerationpayabletostaff | 131,161,515 | 134,988,860 |
| Expectedliabilities | ||
| Deferredincome | 138,673,572 | 139,256,513 |
| Deferredincometaxliability | 533,631,784 | 537,385,614 |
| Othernon-currentliabilities | 216,405,569 | 216,405,569 |
| Totalnon-currentliabilities | 21,330,220,632 | 21,597,117,980 |
| Totalofliability | 42,153,442,863 | 41,282,341,757 |
| Owners’equity | ||
| Sharecapital | 5,250,283,986 | 5,250,283,986 |
| Otherequityinstruments |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 5,096,918,174 | 5,096,918,174 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 1,646,400,974 | 1,676,143,044 |
| Specialreserve | ||
| Surplusreserves | 8,245,767,593 | 8,245,767,593 |
| Commonriskprovision | ||
| Retainedprofit | 5,916,501,385 | 5,909,128,280 |
| Totalofowner’sequitybelongtotheparentcompany | 26,155,872,112 | 26,178,241,077 |
| Minorityshareholders’equity | 8,049,546,986 | 8,011,444,289 |
| Totalofowners’equity | 34,205,419,098 | 34,189,685,366 |
| Totalofliabilitiesandowners’equity | 76,358,861,961 | 75,472,027,123 |
LegalRepresentative:WangJinPersoninchargeofaccounting：LiuWeiAccountingDeptLeader:MengFei
2.ParentCompanyBalanceSheet
InRMB
| Items | March31,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 385,438,613 | 224,504,289 |
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 113,493,594 | 209,249,102 |
| Financingreceivable | ||
| Prepayments | 43,331,700 | 43,002,000 |
| Otheraccountreceivable | 39,690,808 | 108,149,278 |
| Including：Interestreceivable | 2,659,176 | 689,092 |
| Dividendreceivable | 2,652,502 | 2,652,502 |
| Inventories | 161,912,273 | 151,518,056 |
| Contractassets |
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | ||
| Othercurrentasset | 1,228,009 | 1,228,009 |
| Totalofcurrentassets | 745,094,997 | 737,650,734 |
| Non-currentassets： | ||
| Creditor'srightinvestment | ||
| OtherCreditor'srightinvestment | ||
| Long-termreceivable | 421,000,000 | 340,000,000 |
| Longtermshareequityinvestment | 26,785,555,453 | 26,514,106,513 |
| Otherequityinstrumentsinvestment | 3,102,715,280 | 3,142,371,373 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 6,866,544 | 7,025,443 |
| Fixedassets | 675,773,988 | 706,435,221 |
| Constructioninprogress | 19,079,373 | 14,945,019 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 84,782,548 | 85,839,959 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | ||
| Deferredincometaxasset | ||
| Othernon-currentasset | 356,004,000 | 356,004,000 |
| Totalofnon-currentassets | 31,451,777,186 | 31,166,727,528 |
| Totalofassets | 32,196,872,183 | 31,904,378,262 |
| Currentliabilities | ||
| Short-termloans | 1,712,005,125 | 1,401,641,708 |
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 86,264,581 | 156,122,676 |
| Advancereceipts | ||
| ContractLiabilities |
| Employees’wagepayable | 79,201,725 | 63,480,425 |
| Taxpayable | 14,676,483 | 44,298,675 |
| Otheraccountpayable | 49,267,140 | 71,126,853 |
| Including：Interestpayable | ||
| Dividendpayable | 9,771,322 | 9,771,322 |
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 1,520,826,303 | 1,554,314,700 |
| Othercurrentliability | 2,111,290,685 | 1,912,282,192 |
| Totalofcurrentliability | 5,573,532,042 | 5,203,267,229 |
| Non-currentliabilities： | ||
| Long-termloan | ||
| Bondpayable | 799,057,333 | 798,857,333 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 3,466,237 | |
| Long-termremunerationpayabletostaff | 35,316,758 | 36,570,958 |
| Expectedliabilities | ||
| Deferredincome | 39,984,807 | 39,984,807 |
| Deferredincometaxliability | 525,279,663 | 535,193,684 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 1,399,638,561 | 1,414,073,019 |
| Totalofliability | 6,973,170,603 | 6,617,340,248 |
| Owners’equity | ||
| Sharecapital | 5,250,283,986 | 5,250,283,986 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 5,599,980,903 | 5,599,980,903 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 1,646,400,974 | 1,676,143,044 |
| Specialreserve |
| Surplusreserves | 8,245,767,593 | 8,245,767,593 |
| Retainedprofit | 4,481,268,124 | 4,514,862,488 |
| Totalofowners’equity | 25,223,701,580 | 25,287,038,014 |
| Totalofliabilitiesandowners’equity | 32,196,872,183 | 31,904,378,262 |
3.ConsolidatedIncomestatement
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Incomefromthekeybusiness | 4,703,863,816 | 5,589,715,802 |
| Including：Businessincome | 4,703,863,816 | 5,589,715,802 |
| Interestincome | ||
| Insurancefeeearned | ||
| Feeandcommissionreceived | ||
| II.Totalbusinesscost | 4,690,246,724 | 5,448,292,472 |
| Including：Businesscost | 4,232,870,861 | 4,937,475,435 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Netamountofwithdrawalofinsurancecontractreserve | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 37,570,428 | 41,001,643 |
| Salesexpense | 10,259,734 | 6,295,103 |
| Administrativeexpense | 133,741,951 | 132,305,459 |
| R&Dcosts | 490,566 | 77,830 |
| Financialexpenses | 275,313,184 | 331,137,001 |
| Including：Interestexpense | 291,475,183 | 345,801,584 |
| Interestincome | 17,673,491 | 16,268,357 |
| Add：Otherincome | 8,534,600 | 36,893,397 |
| Investmentgain（“-”forloss） | 63,673,155 | 91,517,161 |
| Including:investmentgainsfromaffiliates | 63,673,155 | 91,517,161 |
| Terminationofrecognitionofgainsonfinancialassetsatamortizedcost | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | 8,454 | |
| Lossofcreditimpairment | 20,911 | |
| Impairmentlossesonassets | ||
| Incomeondisposalofassets | -137 | |
| III.Operationalprofit（“-”forloss） | 85,845,621 | 269,842,342 |
| Add：Non-operationalincome | 4,627,807 | 987,834 |
| Less:Non-operatingexpense | 249,929 | 2,688,294 |
| IV.Totalprofit(“-”forloss) | 90,223,499 | 268,141,882 |
| Less：Incometaxexpenses | 44,747,697 | 75,526,858 |
| V.Netprofit | 45,475,802 | 192,615,024 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | 45,475,802 | 192,615,024 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| Netprofitattributabletotheownersofparentcompany | 7,373,105 | 109,518,462 |
| Minorityshareholders’equity | 38,102,697 | 83,096,562 |
| VI.Netafter-taxofothercomprehensiveincome | -29,742,070 | 43,672,399 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | -29,742,070 | 43,672,399 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -29,742,070 | 43,672,399 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -29,742,070 | 43,672,399 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | ||
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | ||
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | 15,733,732 | 236,287,423 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | -22,368,965 | 234,920,763 |
| Totalcomprehensiveincomeattributableminorityshareholders | 38,102,697 | 1,366,660 |
| VIII.Earningspershare | ||
| （I）Basicearningspershare | 0.0014 | 0.0209 |
| (II)Dilutedearningspershare | 0.0014 | 0.0209 |
LegalRepresentative:WangJinPersoninchargeofaccounting：LiuWeiAccountingDeptLeader:MengFei
4.IncomestatementoftheParentCompany
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Revenue | 208,902,754 | 393,185,298 |
| Including：Businesscost | 235,016,646 | 424,777,175 |
| Businesstaxandsurcharge | 1,352,528 | 2,653,793 |
| Salesexpense | 537,974 | 350,336 |
| Administrativeexpense | 16,929,915 | 16,792,181 |
| R&Dcosts | ||
| Financialexpenses | 55,643,798 | 50,152,227 |
| Including：Interestexpenses | 56,202,961 | 50,952,925 |
| Interestincome | 1,338,054 | 1,394,554 |
| Add:Otherincome | ||
| Investmentgain（“-”forloss） | 66,125,625 | 161,309,228 |
| Including:investmentgainsfromaffiliates | 61,448,940 | 89,089,146 |
| Terminationofrecognitionofgainsonfinancialassetsatamortizedcost | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | 8,454 | |
| Creditimpairmentloss | 20,911 | |
| Impairmentlossesonassets | ||
| Incomeondisposalofassets | ||
| II.Operationalprofit（“-”forloss） | -34,431,571 | 59,777,267 |
| Add：Non-operationalincome | 895,086 | 7,642 |
| Less：Non-operationalexpenses | 57,879 |
| III.Totalprofit(“-”forloss) | -33,594,364 | 59,784,909 |
| Less：Incometaxexpenses | ||
| IV.Netprofit | -33,594,364 | 59,784,909 |
| 1.Netcontinuingoperatingprofit | -33,594,364 | 59,784,909 |
| 2.Terminationofoperatingnetprofit | ||
| V.Netafter-taxofothercomprehensiveincome | -29,742,070 | 43,672,399 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -29,742,070 | 43,672,399 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -29,742,070 | 43,672,399 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | ||
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | ||
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges |
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| VI.Totalcomprehensiveincome | -63,336,434 | 103,457,308 |
| VII.Earningspershare | ||
| （I）Basicearningspershare | ||
| (II)Dilutedearningspershare |
5.ConsolidatedCashflowstatement
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 5,951,197,187 | 7,198,521,146 |
| Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
| Netincreaseofloansfromcentralbank | ||
| Netincreaseofinter-bankloansfromotherfinancialbodies | ||
| Cashreceivedagainstoriginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofclientdepositandinvestment | ||
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofinter-bankfundreceived | ||
| Netincreaseofrepurchasingbusiness | ||
| Netcashreceivedbyagentinsecuritiestrading | ||
| Taxreturned | 4,664,390 |
| Othercashreceivedfrombusinessoperation | 66,524,155 | 433,730,029 |
| Sub-totalofcashinflow | 6,017,721,342 | 7,636,915,565 |
| Cashpaidforpurchasingofmerchandiseandservices | 3,839,441,128 | 4,805,190,930 |
| Netincreaseofclienttradeandadvance | ||
| Netincreaseofsavingsincentralbankandbrothercompany | ||
| Cashpaidfororiginalcontractclaim | ||
| NetincreaseforOutgoingcallloan | ||
| Cashpaidforinterest,processingfeeandcommission | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtostaffsorpaidforstaffs | 356,577,920 | 413,894,277 |
| Taxespaid | 472,161,097 | 460,397,105 |
| Othercashpaidforbusinessactivities | 178,966,853 | 152,337,595 |
| Sub-totalofcashoutflowfrombusinessactivities | 4,847,146,998 | 5,831,819,907 |
| Netcashgeneratedfrom/usedinoperatingactivities | 1,170,574,344 | 1,805,095,658 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | ||
| Cashreceivedasinvestmentgains | 121,345 | |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 112,300,704 | 592,258 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | ||
| Sub-totalofcashinflowduetoinvestmentactivities | 112,300,704 | 713,603 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 1,084,293,124 | 745,025,118 |
| Cashpaidasinvestment | 78,692,039 | |
| Netincreaseofloanagainstpledge | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 1,084,293,124 | 823,717,157 |
| Netcashflowgeneratedbyinvestment | -971,992,420 | -823,003,554 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Including:Cashreceivedasinvestmentfromminorshareholders | ||
| Cashreceivedasloans | 4,318,742,335 | 2,526,712,472 |
| Otherfinancing–relatedcashreceived | 20,000,000 | |
| Sub-totalofcashinflowfromfinancingactivities | 4,338,742,335 | 2,526,712,472 |
| Cashtorepaydebts | 3,928,566,618 | 3,704,558,354 |
| Cashpaidasdividend,profit,orinterests | 351,311,235 | 432,017,527 |
| Including:Dividendandprofitpaidbysubsidiariestominorshareholders | ||
| Othercashpaidforfinancingactivities | 1,354,531 | 712,667 |
| Sub-totalofcashoutflowduetofinancingactivities | 4,281,232,384 | 4,137,288,548 |
| Netcashflowgeneratedbyfinancing | 57,509,951 | -1,610,576,076 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | 232 | -237 |
| V.Netincreaseofcashandcashequivalents | 256,092,107 | -628,484,209 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 5,079,641,969 | 5,570,382,893 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 5,335,734,076 | 4,941,898,684 |
6.CashFlowStatementoftheParentCompany
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 324,942,952 | 560,862,026 |
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 17,887,749 | 9,331,847 |
| Sub-totalofcashinflow | 342,830,701 | 570,193,873 |
| Cashpaidforpurchasingofmerchandiseandservices | 271,756,794 | 430,841,917 |
| Cashpaidtostaffsorpaidforstaffs | 64,253,609 | 73,493,740 |
| Taxespaid | 24,790,894 | 26,279,908 |
| Othercashpaidforbusinessactivities | 13,024,976 | 7,758,990 |
| Sub-totalofcashoutflowfrombusinessactivities | 373,826,273 | 538,374,555 |
| Netcashgeneratedfrom/usedinoperatingactivities | -30,995,572 | 31,819,318 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | 16,460,000 | 300,000,000 |
| Cashreceivedasinvestmentgains | 3,042,532 | 71,804,024 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 589,130 | |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits |
| Otherinvestment-relatedcashreceived | ||
| Sub-totalofcashinflowduetoinvestmentactivities | 19,502,532 | 372,393,154 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 5,514,986 | 7,473,223 |
| Cashpaidasinvestment | 241,157,389 | 117,379,238 |
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 246,672,375 | 124,852,461 |
| Netcashflowgeneratedbyinvestment | -227,169,843 | 247,540,693 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Cashreceivedasloans | 2,299,450,000 | 899,700,000 |
| Otherfinancing–relatedashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 2,299,450,000 | 899,700,000 |
| Cashtorepaydebts | 1,800,000,000 | 900,000,000 |
| Cashpaidasdividend,profit,orinterests | 80,325,978 | 36,399,727 |
| Othercashpaidforfinancingactivities | 24,515 | 84,195 |
| Sub-totalofcashoutflowduetofinancingactivities | 1,880,350,493 | 936,483,922 |
| Netcashflowgeneratedbyfinancing | 419,099,507 | -36,783,922 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | 232 | -237 |
| V.Netincreaseofcashandcashequivalents | 160,934,324 | 242,575,852 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 224,504,289 | 385,577,464 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 385,438,613 | 628,153,316 |
IIAdjustmentstotheFinancialStatements
1.Adjustmentoftherelevantitemsofthefinancialstatementsatthecurrentyearbeginningaccordingtothenewstandardsforfinancialinstruments,thenewstandardsforrevenuesandthenewstandardsforleaseimplementedcommencingfromyear2020
√Applicable□NotapplicableConsolidatedbalancesheet
InRMB
| Items | December31,2019 | January1,2020 | Adjustment |
| Currentasset： | |||
| Monetaryfund | 5,081,641,969 | 5,081,641,969 | |
| Accountreceivable | 3,197,690,464 | 3,197,690,464 | |
| Prepayments | 605,314,333 | 605,314,333 | |
| Otheraccountreceivable | 272,801,588 | 272,801,588 | |
| Including：Interestreceivable | 20,866,069 | 20,866,069 | |
| Inventories | 1,817,059,269 | 1,817,059,269 | |
| Non-currentassetduewithin1year | 28,865,131 | 28,865,131 | |
| Othercurrentasset | 305,595,567 | 305,595,567 | |
| Totalofcurrentassets | 11,308,968,321 | 11,308,968,321 | |
| Non-currentassets： | |||
| Long-termreceivable | 65,856,346 | 65,856,346 | |
| Longtermshareequityinvestment | 6,455,784,562 | 6,455,784,562 | |
| Otherequityinstrumentsinvestment | 3,142,371,373 | 3,142,371,373 | |
| Propertyinvestment | 52,093,631 | 52,093,631 | |
| Fixedassets | 38,555,718,718 | 38,555,718,718 |
| Constructioninprogress | 10,882,003,846 | 10,882,003,846 | |
| Intangibleassets | 1,787,738,640 | 1,787,738,640 | |
| Goodwill | 2,449,886 | 2,449,886 | |
| Long-germexpensestobeamortized | 19,473,586 | 19,473,586 | |
| Deferredincometaxasset | 445,709,226 | 445,709,226 | |
| Othernon-currentasset | 2,753,858,988 | 2,753,858,988 | |
| Totalofnon-currentassets | 64,163,058,802 | 64,163,058,802 | |
| Totalofassets | 75,472,027,123 | 75,472,027,123 | |
| Currentliabilities | |||
| Short-termloans | 5,904,132,791 | 5,904,132,791 | |
| Notespayable | 1,364,236,650 | 1,364,236,650 | |
| Accountpayable | 2,465,154,162 | 2,465,154,162 | |
| Advancepayment | 432,714 | 248,799 | -183,915 |
| Contractliabilities | 183,915 | 183,915 | |
| Employees’wagepayable | 242,510,538 | 242,510,538 | |
| Taxpayable | 571,377,151 | 571,377,151 | |
| Otheraccountpayable | 4,042,117,097 | 4,042,117,097 | |
| Dividendpayable | 9,771,322 | 9,771,322 | |
| Non-currentliabilityduewithin1year | 3,182,980,482 | 3,182,980,482 | |
| Othercurrentliability | 1,912,282,192 | 1,912,282,192 | |
| Totalofcurrentliability | 19,685,223,777 | 19,685,223,777 | |
| Non-currentliabilities： | |||
| Long-termloan | 16,587,103,380 | 16,587,103,380 | |
| Bondpayable | 1,496,631,799 | 1,496,631,799 | |
| Long-termpayable | 2,485,346,245 | 2,485,346,245 | |
| Long-termremunerationpayabletostaff | 134,988,860 | 134,988,860 | |
| Deferredincome | 139,256,513 | 139,256,513 | |
| Deferredincometaxliability | 537,385,614 | 537,385,614 | |
| Othernon-currentliabilities | 216,405,569 | 216,405,569 |
| Totalnon-currentliabilities | 21,597,117,980 | 21,597,117,980 |
| Totalofliability | 41,282,341,757 | 41,282,341,757 |
| Owners’equity | ||
| Sharecapital | 5,250,283,986 | 5,250,283,986 |
| Capitalreserves | 5,096,918,174 | 5,096,918,174 |
| Othercomprehensiveincome | 1,676,143,044 | 1,676,143,044 |
| Surplusreserves | 8,245,767,593 | 8,245,767,593 |
| Retainedprofit | 5,909,128,280 | 5,909,128,280 |
| Totalofowner’sequitybelongtotheparentcompany | 26,178,241,077 | 26,178,241,077 |
| Minorityshareholders’equity | 8,011,444,289 | 8,011,444,289 |
| Totalofowners’equity | 34,189,685,366 | 34,189,685,366 |
| Totalofliabilitiesandowners’equity | 75,472,027,123 | 75,472,027,123 |
AdjustmentstatementTheMinistryofFinancerevisedandreleasedthe"No.14AccountingStandardsforBusinessEnterprises-Revenue"in2017,andrequireddomesticlistedcompaniestoimplementthenewrevenuestandardfromJanuary1,2020.Therefore,atthebeginningofthisyear,theCompanyadjustedtherelevantamountinthe"advancesreceived"tothe"contractliability"accountforreporting.ParentCompanyBalanceSheet
InRMB
| Items | December31,2019 | January1,2020 | Adjustment |
| Currentasset： | |||
| Monetaryfund | 224,504,289 | 224,504,289 | |
| Accountreceivable | 209,249,102 | 209,249,102 | |
| Prepayments | 43,002,000 | 43,002,000 | |
| Otheraccountreceivable | 108,149,278 | 108,149,278 | |
| Including：Interestreceivable | 689,092 | 689,092 | |
| Dividendreceivable | 2,652,502 | 2,652,502 | |
| Inventories | 151,518,056 | 151,518,056 |
| Othercurrentassets | 1,228,009 | 1,228,009 |
| Totalofcurrentassets | 737,650,734 | 737,650,734 |
| Non-currentassets： | ||
| Long-termpayable | 340,000,000 | 340,000,000 |
| Longtermshareequityinvestment | 26,514,106,513 | 26,514,106,513 |
| OtherequityInstrumentinvestment | 3,142,371,373 | 3,142,371,373 |
| Propertyinvestment | 7,025,443 | 7,025,443 |
| Fixedassets | 706,435,221 | 706,435,221 |
| Constructioninprocess | 14,945,019 | 14,945,019 |
| Intangibleassets | 85,839,959 | 85,839,959 |
| Othernon-currentassets | 356,004,000 | 356,004,000 |
| Totalofnon-currentassets | 31,166,727,528 | 31,166,727,528 |
| Totalofassets | 31,904,378,262 | 31,904,378,262 |
| Currentliabilities | ||
| Short-termloans | 1,401,641,708 | 1,401,641,708 |
| Accountpayable | 156,122,676 | 156,122,676 |
| Employees’wagepayable | 63,480,425 | 63,480,425 |
| Taxpayable | 44,298,675 | 44,298,675 |
| Otheraccountpayable | 71,126,853 | 71,126,853 |
| Dividendpayable | 9,771,322 | 9,771,322 |
| Non-currentliabilitiesduewithin1year | 1,554,314,700 | 1,554,314,700 |
| Non-currentliabilities： | 1,912,282,192 | 1,912,282,192 |
| Totalofliability | 5,203,267,229 | 5,203,267,229 |
| Non-currentliabilities： | ||
| Bondspayable | 798,857,333 | 798,857,333 |
| Long-termpayable | 3,466,237 | 3,466,237 |
| Employees’wagepayable | 36,570,958 | 36,570,958 |
| Deferredincome | 39,984,807 | 39,984,807 |
| Deferredincometaxliability | 535,193,684 | 535,193,684 |
| Totalnon-currentliabilities | 1,414,073,019 | 1,414,073,019 |
| Totalofliability | 6,617,340,248 | 6,617,340,248 |
| Owners’equity | ||
| Sharecapital | 5,250,283,986 | 5,250,283,986 |
| Capitalreserves | 5,599,980,903 | 5,599,980,903 |
| Othercomprehensiveincome | 1,676,143,044 | 1,676,143,044 |
| Surplusreserves | 8,245,767,593 | 8,245,767,593 |
| Retainedprofit | 4,514,862,488 | 4,514,862,488 |
| Totalofowners’equity | 25,287,038,014 | 25,287,038,014 |
| Totalofliabilitiesandowners’equity | 31,904,378,262 | 31,904,378,262 |
Adjustmentstatement
2.Notetotheretroactiveadjustmentofthepreviouscomparativedataaccordingtothenewstandardsforfinancialinstrumentsandthenewstandardsforleaseimplementedcommencingfromyear2020
□Applicable√NotapplicableIII.Auditors’ReportIstheFirstQuarterlyReportbeaudited?
□Yes√NoTheFirstQuarterlyreportisnotaudited.