KONKAGROUPCO.,LTD.
FIRSTQUARTERLYREPORT2021
2021-43
April2021
PartIImportantNotes
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.LiuFengxi,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andGuoZhihua,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
| Q12021 | Q12020 | Change(%) | |
| Operatingrevenue(RMB) | 9,822,169,119.30 | 7,806,520,237.49 | 25.82% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 72,822,573.66 | -220,602,940.37 | 133.01% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | -389,266,066.84 | -333,520,116.21 | -16.71% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -529,240,793.59 | -1,031,223,468.58 | 48.68% |
| Basicearningspershare(RMB/share) | 0.0302 | -0.0916 | 132.97% |
| Dilutedearningspershare(RMB/share) | 0.0302 | -0.0916 | 132.97% |
| Weightedaveragereturnonequity(%) | 0.86% | -2.77% | 3.63% |
| 31March2021 | 31December2020 | Change(%) | |
| Totalassets(RMB) | 51,058,825,129.67 | 49,876,267,493.61 | 2.37% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 8,508,179,883.71 | 8,428,640,176.97 | 0.94% |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q12021 | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 126,657,276.21 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 422,340,713.56 | |
| Gain/Lossonchangesinfairvaluearisingfromholdingofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandinvestmentincomefromdisposalofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilities,otherdebtobligationsotherthaneffectivehedgebusinessrelatedtotheCompany’snormaloperatingbusinesses | 20,876,259.35 | |
| Gain/lossonentrustmentloans | 15,710,462.53 | |
| Non-operatingincomeandexpenseotherthantheabove | 2,197,249.52 | |
| Less:Incometaxeffects | 122,848,096.78 | |
| Non-controllinginterestseffects(netoftax) | 2,845,223.89 |
| Total | 462,088,640.50 |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
| Item | Amount(RMB) | Reason |
| Taxrebatesonsoftware | 1,943,763.63 | GovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards |
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat31March2021
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholdersattheperiod-end | 121,050 | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | ||||||
| Top10shareholders | |||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | ||||
| Status | Shares | ||||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | State-ownedlegalperson | 21.75% | 523,746,932 | 0 | |||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreignlegalperson | 7.48% | 180,001,110 | 0 | |||||
| WANGJINGFENG | Domesticnaturalperson | 4.61% | 111,000,000 | 0 | |||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreignlegalperson | 2.40% | 57,850,325 | 0 | |||||
| HOLYTIMEGROUPLIMITED | Foreignlegalperson | 2.38% | 57,289,100 | 0 | |||||
| GAOLINGFUND,L.P. | Foreignlegalperson | 2.19% | 52,801,250 | 0 | |||||
| NAMNGAI | Foreignnaturalperson | 0.94% | 22,567,540 | 0 | |||||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedlegalperson | 0.80% | 19,358,220 | 0 | |||||
| HAITONGINTERNATIONALSECURITIESCOMPANYLIMITED-ACCOUNTCLIENT | Foreignlegalperson | 0.50% | 12,146,654 | 0 | |||||
| LIPENG | Domesticnaturalperson | 0.40% | 9,673,280 | 0 | |||||
| Top10unrestrictedshareholders | |||||||||
| Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | ||
| Type | Shares | |||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | 523,746,932 | RMB-denominatedordinarystock | 523,746,932 | |
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 180,001,110 | Domesticallylistedforeignstock | 180,001,110 | |
| WANGJINGFENG | 111,000,000 | RMB-denominatedordinarystock | 111,000,000 | |
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 57,850,325 | Domesticallylistedforeignstock | 57,850,325 | |
| HOLYTIMEGROUPLIMITED | 57,289,100 | Domesticallylistedforeignstock | 57,289,100 | |
| GAOLINGFUND,L.P. | 52,801,250 | Domesticallylistedforeignstock | 52,801,250 | |
| NAMNGAI | 22,567,540 | Domesticallylistedforeignstock | 22,567,540 | |
| CHINAMERCHANTSSECURITIES(HK)LIMITED | 19,358,220 | Domesticallylistedforeignstock | 19,358,220 | |
| HAITONGINTERNATIONALSECURITIESCOMPANYLIMITED-ACCOUNTCLIENT | 12,146,654 | Domesticallylistedforeignstock | 12,146,654 | |
| LIPENG | 9,673,280 | RMB-denominatedordinarystock | 9,673,280 | |
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownEnterprisesCo.(“OCTGroup”forshort),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOverseasChineseTownEnterprisesCo.arepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | |||
| Top10shareholdersinvolvedinsecuritiesmargintrading(ifany) | WangJingfengholds111,000,000A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinGuotaiJunanSecuritiesCo.,Ltd.LiPengholds9,673,280A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinIndustrialSecuritiesCo.,Ltd. | |||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEventsIChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable(I)DuringtheReportingPeriod,theCompanycarriedonwithitslong-termdevelopmentstrategyof“Technology+Industry+Parks”.ItcontinuedtoenhanceR&Dinvestmentsandtechnologicalinnovation,carryoutqualityproductprograms,andoptimizedtheproductmixinamarket-orientedmanner.Newproductsincluding8KMiniLEDTV,K-FreshCell-LevelFresh-KeepingRefrigeratorandown-brandedsolid-statedriveproductswerelaunched.TheR&DandIndustrializationoftheKeyTechnologyforNewFresh-KeepingRefrigeratorBasedonMulti-FieldCouplingwiththeCompanyasoneoftheparticipantwasgrantedtheSci-TechProgressAward(ThirdPrize)ofAnhuiProvince.IntheReportingPeriod,astheCOVID-19pandemicwaseffectivelycontrolleddomestically,theindustrybegantoseeincreasingprospects,andtheCompany’srelevantbusinessoperationsgraduallyreturnedtonormal.Asaresult,theCompanyrecordeda25.82%year-on-yeargrowthinoperatingrevenue.ItcontinuedtoenhanceR&Dinvestmentsandtechnologicalinnovation,carryoutqualityproductprograms,andincreasequalityandefficiency.Alltheseeffortscontributedtoimprovingprofitability.(II)ChangesinKeyFinancialStatementLineItems
Unit:RMB
| Item | 31March2021 | 31December2020 | Amountofchange | Change(%) | Explanationofwhy |
| Held-for-tradingfinancialassets | 0 | 618,249,541.66 | -618,249,541.66 | -100.00% | Maturityofheld-for-tradingfinancialassets |
| Currentportionofnon-currentassets | 76,834,884.42 | 112,310,158.82 | -35,475,274.40 | -31.59% | Withdrawalofdebtinvestmentsduewithinoneyear |
| Long-termborrowings | 8,046,731,152.78 | 5,964,748,997.54 | 2,081,982,155.24 | 34.90% | Newborrowing |
| Deferredincome | 231,069,638.99 | 446,900,524.64 | -215,830,885.65 | -48.30% | Governmentgrants |
| Item | Q12021 | Q12020 | Amountofchange | Change(%) | Explanationofwhy |
| Operatingrevenue | 9,822,169,119.30 | 7,806,520,237.49 | 2,015,648,881.81 | 25.82% | Relevantbusinessesgraduallyreturnedtonormalwithimprovingprospectsintheindustry |
| Costofsales | 9,414,483,468.99 | 7,239,731,075.92 | 2,174,752,393.07 | 30.04% |
| R&Dexpense | 119,087,736.76 | 89,539,723.57 | 29,548,013.19 | 33.00% | GreaterR&Dinvestments |
| Netcashgeneratedfrom/usedinoperatingactivities | -529,240,793.59 | -1,031,223,468.58 | 501,982,674.99 | 48.68% | Cashoutflowinthecurrentperioddecreasedcomparedwiththatinthepreviousperiod |
| Netcashflowfrominvestmentactivities | -1,801,820,739.71 | -495,855,234.17 | -1,305,965,505.54 | -263.38% | Increaseinpaymentsorfixedassets,intangibleassetsandotherlong-livedassets |
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
√Applicable□Notapplicable(I)Privateplacementsofcorporatebonds:Sofar,RMB1billionoutoftheprivateplacementplanofRMB2.3billioncorporatebondshasbeenissuedon8January2021.ThebalanceofRMB1.3billioncorporatebondsandanotherprivateplacementplanofRMB600millioncorporatebondsareintheprocess.(II)Establishmentoffunds:Currently,OrientKonkaIndustryM&AFundrespectivelyholds
7.4969%,2.07%,11.73%,9.21%,3.00%,and3.84%equityinterestinJiangxiYahuaElectronicMaterialsCo.,Ltd.,GenewTechnologiesCo.,Ltd.,ShenzhenGrentechRFCommunicationCo.,Ltd.,HuizhouXuxinIntelligentTechnologyCo.,Ltd.,YimeideAutomationTechnologyCo.,Ltd.,andGmaOptoelectronicTechnologyCo.,Ltd.,respectively.KunshanXinjiaEmergingIndustrialDevelopmentInvestmentFundholds0.38%equityinterestinTongxinSoftwareTechnologyCo.,Ltd.TongxiangWuzhenJiayuDigitalEconomyIndustryFundholds12.00%equityinterestinFlyingScienceAndTechnology(Shenzhen)Co.,Ltd.YibinKanghuiElectronicInformationIndustryEquityInvestmentFundandYanchengKangyanInformationIndustryInvestmentFundhavecompletedthefilinginAssetManagementAssociationofChina.ChongqingKangxinEquityInvestmentFundhasaccomplishedthesigningofthepartnershipagreementandnowthefilinginAssetManagementAssociationofChinaisunderway.(III)YibinKonkaIntelligentTerminalHigh-TechParkhasbeencompletedandiscurrentlybringinginbusiness.WithrespecttoDongguanKonkaIntelligentIndustrialPark,KonkaChuzhouSmartAppliancesandEquipmentIndustrialPark,ChongqingKonkaSemiconductorPhotoelectricIndustrialPark,SuiningKonkaElectronicTechnologyIndustrialPark,andFrestecRefrigerationPark,thelandhasbeenobtainedfortheprojectsandtheyarenowunderconstruction.ThemainbodyofYanchengSemiconductorAssembly&TestBasewasbasicallyputinplace,theinteriordecorationisinprogress,andequipmenthasbeenpartiallyinplace.
| Summaryofthesignificantevent | Disclosuredate | Indextotherelatedannouncement |
| PrivateplacementofcorporatebondsofRMB0.6billion | 18September2019 | http://www.cninfo.com.cn/new/in |
| InvestmentandconstructionofDongguanKonkaSmartIndustrialPark | 11March2017 |
| InvestmentandconstructionofKonkaChuzhouSmartAppliancesandEquipmentIndustrialPark | 5December2018 | dex |
| InvestmentandconstructionofYibinSmartTerminalHigh-TechIndustrialPark | 16December2017 | |
| InvestmentandconstructionofSuiningKonkaElectronicTechnologyIndustrialPark | 17October2018 | |
| InvestmentandconstructionofChongqingKonkaSemiconductorOptoelectronicIndustrialPark | 9October2019 | |
| InvestmentandconstructionofYanchengSemiconductorClosedBetaBase | 26November2019 | |
| InvestmentandconstructionofGuxianEnvironmentalProtectionTechnologyTown | 26November2019 | |
| OrientKonkaIndustrialM&AFund | 7September2018 | |
| XinjiaEmergingIndustryDevelopmentInvestmentFund | 4March2020 | |
| WuzhenJiayuDigitalEconomyIndustrialFund | 28March2020 | |
| PrivateplacementofcorporatebondsofRMB2.3billion | 6June2020 | |
| InvestmentandconstructionofFrestecRefrigerationPark | 21July2020 | |
| YibinKanghuiEmergingIndustrialFund | 21July2020 | |
| YanchengElectronicInformationIndustrialFund | 23September2020 | |
| ProgressofinvestmentandconstructionofGuxianEnvironmentalProtectionTechnologyTowninYantai | 1December2020 | |
| ChongqingKangxinSemi-conductorIndustrialFund | 16December2020 | |
| Issuingresultofprivateplacementofcorporatebonds(PhaseI)in2021 | 9January2021 | |
| SigningtheprojectentryagreementwithXi'anInternationalTrade&LogisticsPark | 10February2021 | |
| Planoftransferof51%ofequityinShenzhenKangxinPropertyCo.,Ltd. | 27March2021 | |
| Completingthechangesintheregistrationfortransferring17%ofequityinYantaiKangyunIndustrialDevelopmentCo.,Ltd. | 1April2021 | |
| Signingtheagreementregardingtransferring39%ofequityinShanghaiKonkaGreenTechnologyCo.,Ltd.andreceivingtheequitytransfermoney | 14April2021 |
Progressofanysharerepurchase:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√NotapplicableIIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableIVFinancialInvestments
1.SecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VProgressofProjectsFinancedwithRaisedFunds
□Applicable√NotapplicableVIOperatingPerformanceForecastforJanuary-June2021WarningofaforecastlossonoraforecastsignificantYoYchangeinaccumulativenetprofitfromthebeginningoftheyeartotheendofthenextreportingperiod,aswellasexplanationofwhy:
□Applicable√NotapplicableVIISignificantContractsArisingfromtheCompany’sOrdinaryCourseofBusiness
□Applicable√NotapplicableVIIICashEntrustedforWealthManagement
√Applicable□Notapplicable
Unit:RMB'0,000
| Specifictype | Capitalresources | Amountincurred | UndueBalance | Overdueamount |
| Bankfinancialproducts | Self-ownedfunds | 61,990.62 | 0 | 0 |
| Total | 61,990.62 | 0 | 0 | |
High-riskwealthmanagementtransactionswithasignificantsingleamount,orwithlowsecurity,lowliquidityornoprincipalprotection:
□Applicable√NotapplicableWealthmanagementtransactionswithpossibleimpairmentsincludinganexpectedlyunrecoverableprincipal:
□Applicable√Notapplicable
IXIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsReceivedduringtheReportingPeriod
√Applicable□Notapplicable
| Date | Place | Wayofcommunication | Typeofcommunicationparty | Communicationparty | MaindiscussionsandmaterialsprovidedbytheCompany | Indextomaininformationcommunicated |
| 11January2021 | ConferenceRoomintheOfficeBuildingofKonkaR&DBuilding | Byphone | Institution | WangAnyafromTaiwanDongtengInnovationInvestmentCo.,Ltd. | InquiredabouttheCompany’sdevelopmentdirectionandbusinesssegments,thedevelopmentsituationofbusinessesincludingMicroLED,technologyindustrialparkandwhitehouseholdappliancewithnomaterialsprovided. | http://www.cninfo.com.cn/new/index |
PartIVFinancialStatementsIFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
31March2021
Unit:RMB
| Item | 31March2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 5,495,828,722.35 | 5,431,530,180.90 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | 618,249,541.66 | |
| Derivativefinancialassets | ||
| Notesreceivable | 2,105,805,615.98 | 2,358,180,193.96 |
| Accountsreceivable | 4,307,128,915.94 | 3,900,897,623.59 |
| Accountsreceivablefinancing | 62,075,923.80 | 84,057,197.44 |
| Prepayments | 1,425,647,455.16 | 1,183,270,543.41 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 1,955,080,618.62 | 2,145,736,640.60 |
| Including:Interestreceivable | 49,890,695.48 | 45,109,425.85 |
| Dividendsreceivable | 547,848.62 | 4,947,848.62 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 4,956,993,055.96 | 4,521,300,677.41 |
| Contractassets | 2,925,007,726.20 | 2,870,006,710.39 |
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | 76,834,884.42 | 112,310,158.82 |
| Othercurrentassets | 2,272,999,345.72 | 1,913,146,483.39 |
| Totalcurrentassets | 25,583,402,264.15 | 25,138,685,951.57 |
| Non-currentassets: | ||
| Loansandadvancestocustomers |
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 394,038,233.01 | 399,497,204.03 |
| Long-termequityinvestments | 4,532,885,748.17 | 4,375,833,584.65 |
| Investmentsinotherequityinstruments | 25,343,293.16 | 25,343,293.16 |
| Othernon-currentfinancialassets | 1,909,816,210.38 | 1,878,154,796.76 |
| Investmentproperty | 534,822,949.03 | 538,585,668.29 |
| Fixedassets | 3,167,964,226.63 | 3,178,642,017.84 |
| Constructioninprogress | 9,582,480,644.29 | 9,236,643,931.68 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 92,864,940.64 | |
| Intangibleassets | 1,169,901,220.57 | 1,189,191,001.51 |
| Developmentcosts | ||
| Goodwill | 675,795,873.17 | 675,795,873.17 |
| Long-termprepaidexpense | 167,019,596.15 | 153,198,562.82 |
| Deferredincometaxassets | 1,278,750,415.51 | 1,265,916,437.39 |
| Othernon-currentassets | 1,943,739,514.81 | 1,820,779,170.74 |
| Totalnon-currentassets | 25,475,422,865.52 | 24,737,581,542.04 |
| Totalassets | 51,058,825,129.67 | 49,876,267,493.61 |
| Currentliabilities: | ||
| Short-termborrowings | 11,111,298,316.46 | 10,990,550,475.78 |
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 1,205,764,073.28 | 1,335,987,026.21 |
| Accountspayable | 9,316,824,302.89 | 9,632,366,325.76 |
| Advancesfromcustomers | ||
| Contractliabilities | 933,131,420.21 | 1,217,367,735.94 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities |
| Employeebenefitspayable | 256,391,033.99 | 476,616,244.45 |
| Taxespayable | 466,991,812.68 | 508,214,059.16 |
| Otherpayables | 2,146,803,355.59 | 1,999,430,899.69 |
| Including:Interestpayable | 176,712,151.95 | 220,837,380.17 |
| Dividendspayable | 4,410,000.00 | |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 333,303,997.49 | 376,896,566.29 |
| Othercurrentliabilities | 428,194,177.59 | 441,774,317.23 |
| Totalcurrentliabilities | 26,198,702,490.18 | 26,979,203,650.51 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 8,046,731,152.78 | 5,964,748,997.54 |
| Bondspayable | 4,992,387,316.57 | 4,993,212,788.32 |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 55,993,583.49 | |
| Long-termpayables | 471,260,368.44 | 481,409,849.96 |
| Long-termemployeebenefitspayable | 5,212,124.66 | 5,248,309.14 |
| Provisions | 107,556,088.18 | 102,353,567.91 |
| Deferredincome | 231,069,638.99 | 446,900,524.64 |
| Deferredincometaxliabilities | 79,880,961.80 | 75,819,231.93 |
| Othernon-currentliabilities | 126,520,389.88 | 106,475,449.02 |
| Totalnon-currentliabilities | 14,116,611,624.79 | 12,176,168,718.46 |
| Totalliabilities | 40,315,314,114.97 | 39,155,372,368.97 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 236,887,329.26 | 230,185,310.09 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -16,290,398.70 | -16,583,042.42 |
| Specificreserve | ||
| Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 |
| Generalreserve | ||
| Retainedearnings | 4,667,916,435.48 | 4,595,371,391.63 |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,508,179,883.71 | 8,428,640,176.97 |
| Non-controllinginterests | 2,235,331,130.99 | 2,292,254,947.67 |
| Totalowners’equity | 10,743,511,014.70 | 10,720,895,124.64 |
| Totalliabilitiesandowners’equity | 51,058,825,129.67 | 49,876,267,493.61 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:GuoZhihua
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31March2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 3,437,036,404.30 | 3,481,445,560.17 |
| Held-for-tradingfinancialassets | 298,497,458.33 | |
| Derivativefinancialassets | ||
| Notesreceivable | 784,921,259.76 | 879,589,355.91 |
| Accountsreceivable | 5,478,711,363.15 | 4,473,251,691.85 |
| Accountsreceivablefinancing | 5,659,400.00 | 5,659,400.00 |
| Prepayments | 927,168,571.94 | 1,021,218,285.46 |
| Otherreceivables | 10,850,207,248.05 | 10,034,869,353.07 |
| Including:Interestreceivable | 47,533,681.27 | 41,138,869.97 |
| Dividendsreceivable | 750,486,555.50 | 749,431,635.50 |
| Inventories | 276,282,611.59 | 202,406,456.36 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 1,296,191,313.75 | 1,020,031,186.39 |
| Totalcurrentassets | 23,056,178,172.54 | 21,416,968,747.54 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables |
| Long-termequityinvestments | 9,030,064,013.22 | 8,806,166,599.56 |
| Investmentsinotherequityinstruments | 17,940,215.36 | 17,940,215.36 |
| Othernon-currentfinancialassets | 203,000,000.00 | 250,230,000.00 |
| Investmentproperty | 402,774,818.66 | 406,237,236.91 |
| Fixedassets | 426,930,324.47 | 431,762,044.14 |
| Constructioninprogress | 204,671,143.65 | 132,464,938.18 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 5,680,074.59 | |
| Intangibleassets | 57,685,850.89 | 59,506,272.63 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 15,016,575.03 | 16,532,521.69 |
| Deferredincometaxassets | 1,016,449,004.26 | 980,095,292.53 |
| Othernon-currentassets | 11,045,888.84 | 10,867,888.84 |
| Totalnon-currentassets | 11,391,257,908.97 | 11,111,803,009.84 |
| Totalassets | 34,447,436,081.51 | 32,528,771,757.38 |
| Currentliabilities: | ||
| Short-termborrowings | 5,065,072,539.35 | 5,052,990,048.93 |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 716,219,094.93 | 1,344,958,738.50 |
| Accountspayable | 8,671,785,626.53 | 6,811,467,585.39 |
| Advancesfromcustomers | ||
| Contractliabilities | 718,379,517.96 | 723,022,740.95 |
| Employeebenefitspayable | 62,286,222.16 | 147,391,317.06 |
| Taxespayable | 5,941,749.75 | 4,094,133.23 |
| Otherpayables | 4,182,811,180.78 | 4,275,347,622.57 |
| Including:Interestpayable | 171,666,688.63 | 215,828,625.04 |
| Dividendspayable | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 9,565,029.64 | 5,867,425.49 |
| Othercurrentliabilities | 1,268,104.34 | 6,108,675.36 |
| Totalcurrentliabilities | 19,433,329,065.44 | 18,371,248,287.48 |
| Non-currentliabilities: | ||
| Long-termborrowings | 3,928,904,773.28 | 2,930,034,612.32 |
| Bondspayable | 4,992,387,316.57 | 4,993,212,788.32 |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 3,329,397.02 | |
| Long-termpayables | 14,900,875.71 | 17,633,249.67 |
| Long-termemployeebenefitspayable | ||
| Provisions | 1,015,259.19 | 832,465.72 |
| Deferredincome | 46,815,659.44 | 61,530,557.55 |
| Deferredincometaxliabilities | 2,334,364.58 | |
| Othernon-currentliabilities | 52,254,630.52 | 54,162,098.05 |
| Totalnon-currentliabilities | 9,039,607,911.73 | 8,059,740,136.21 |
| Totalliabilities | 28,472,936,977.17 | 26,430,988,423.69 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 112,570,352.72 | 112,570,352.72 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -2,682,217.31 | -2,682,217.31 |
| Specificreserve | ||
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 |
| Retainedearnings | 2,229,100,775.74 | 2,352,385,005.09 |
| Totalowners’equity | 5,974,499,104.34 | 6,097,783,333.69 |
| Totalliabilitiesandowners’equity | 34,447,436,081.51 | 32,528,771,757.38 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Revenue | 9,822,169,119.30 | 7,806,520,237.49 |
| Including:Operatingrevenue | 9,822,169,119.30 | 7,806,520,237.49 |
| Interestincome | ||
| Insurancepremiumincome |
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 10,328,392,295.03 | 8,238,718,867.67 |
| Including:Costofsales | 9,414,483,468.99 | 7,239,731,075.92 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 19,689,328.47 | 15,308,409.56 |
| Sellingexpense | 384,406,831.83 | 474,319,677.27 |
| Administrativeexpense | 190,572,518.95 | 240,679,941.63 |
| R&Dexpense | 119,087,736.76 | 89,539,723.57 |
| Financecosts | 200,152,410.03 | 179,140,039.72 |
| Including:Interestexpense | 241,076,377.51 | 299,701,187.78 |
| Interestincome | 38,353,963.17 | 75,521,808.48 |
| Add:Otherincome | 423,439,468.60 | 91,772,474.77 |
| Returnoninvestment(“-”forloss) | 143,491,581.78 | 54,859,916.67 |
| Including:Shareofprofitorlossofjointventuresandassociates | -562,268.87 | |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 3,691,020.84 | |
| Creditimpairmentloss(“-”forloss) | 1,841,004.17 | -1,851,680.71 |
| Assetimpairmentloss(“-”forloss) | 340,422.57 | 1,008,713.42 |
| Assetdisposalincome(“-”forloss) | -150,371.12 | -21,776.59 |
| 3.Operatingprofit(“-”forloss) | 66,429,951.11 | -286,430,982.62 |
| Add:Non-operatingincome | 3,641,173.82 | 6,708,221.29 |
| Less:Non-operatingexpense | 659,880.52 | 329,999.39 |
| 4.Profitbeforetax(“-”forloss) | 69,411,244.41 | -280,052,760.72 |
| Less:Incometaxexpense | 50,676,074.79 | -5,687,275.24 |
| 5.Netprofit(“-”fornetloss) | 18,735,169.62 | -274,365,485.48 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 18,735,169.62 | -274,365,485.48 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent | 72,822,573.66 | -220,602,940.37 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -54,087,404.04 | -53,762,545.11 |
| 6.Othercomprehensiveincome,netoftax | 601,064.90 | 305,885.47 |
| AttributabletoownersoftheCompanyastheparent | 292,643.72 | -1,213,168.07 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | 292,643.72 | -1,213,168.07 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 292,643.72 | -1,213,168.07 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | 308,421.18 | 1,519,053.54 |
| 7.Totalcomprehensiveincome | 19,336,234.52 | -274,059,600.01 |
| AttributabletoownersoftheCompanyastheparent | 73,115,217.38 | -221,816,108.44 |
| Attributabletonon-controllinginterests | -53,778,982.86 | -52,243,491.57 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0302 | -0.0916 |
| 8.2Dilutedearningspershare | 0.0302 | -0.0916 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:GuoZhihua
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Operatingrevenue | 572,828,936.17 | 2,173,088,156.73 |
| Less:Costofsales | 526,837,769.50 | 1,908,039,936.17 |
| Taxesandsurcharges | 1,530,199.56 | 1,190,131.21 |
| Sellingexpense | 90,725,439.78 | 206,626,489.19 |
| Administrativeexpense | 63,447,264.56 | 122,812,588.05 |
| R&Dexpense | 12,244,133.13 | 10,427,818.73 |
| Financecosts | 84,383,746.30 | 98,317,835.64 |
| Including:Interestexpense | 214,458,640.65 | 247,210,956.09 |
| Interestincome | 123,379,686.00 | 116,118,501.10 |
| Add:Otherincome | 21,437,602.25 | 47,511,070.74 |
| Returnoninvestment(“-”forloss) | 47,236,157.82 | 37,878,815.64 |
| Including:Shareofprofitorlossofjointventuresandassociates | -8,613,603.76 | |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 1,656,645.84 | |
| Creditimpairmentloss(“-”forloss) | -27,664,804.19 | |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | ||
| 2.Operatingprofit(“-”forloss) | -163,674,014.94 | -88,936,755.88 |
| Add:Non-operatingincome | 1,720,057.44 | 141,649.22 |
| Less:Non-operatingexpense | 30,890.57 | 101,484.58 |
| 3.Profitbeforetax(“-”forloss) | -161,984,848.07 | -88,896,591.24 |
| Less:Incometaxexpense | -38,699,601.30 | -21,239,920.46 |
| 4.Netprofit(“-”fornetloss) | -123,285,246.77 | -67,656,670.78 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -123,285,246.77 | -67,656,670.78 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | -123,285,246.77 | -67,656,670.78 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 9,512,332,772.71 | 8,499,871,584.58 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders |
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 56,409,474.20 | 61,099,379.53 |
| Cashgeneratedfromotheroperatingactivities | 657,621,963.41 | 517,064,976.00 |
| Subtotalofcashgeneratedfromoperatingactivities | 10,226,364,210.32 | 9,078,035,940.11 |
| Paymentsforcommoditiesandservices | 9,476,296,648.41 | 8,277,120,758.49 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 625,328,886.69 | 522,535,841.05 |
| Taxespaid | 185,945,308.90 | 497,454,218.72 |
| Cashusedinotheroperatingactivities | 468,034,159.91 | 812,148,590.43 |
| Subtotalofcashusedinoperatingactivities | 10,755,605,003.91 | 10,109,259,408.69 |
| Netcashgeneratedfrom/usedinoperatingactivities | -529,240,793.59 | -1,031,223,468.58 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 45,012,770.66 | 51,626,012.60 |
| Returnoninvestment | 31,075,186.16 | 42,185,934.10 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 159,251,958.00 | 291,834.00 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 34,089,192.68 | |
| Cashgeneratedfromotherinvestingactivities | 101,331,124.10 | 484,929,444.44 |
| Subtotalofcashgeneratedfrominvestingactivities | 370,760,231.60 | 579,033,225.14 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 1,803,853,686.63 | 986,208,459.31 |
| Paymentsforinvestments | 188,127,428.68 | 400,000.00 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 180,599,856.00 | 88,280,000.00 |
| Subtotalofcashusedininvestingactivities | 2,172,580,971.31 | 1,074,888,459.31 |
| Netcashgeneratedfrom/usedininvestingactivities | -1,801,820,739.71 | -495,855,234.17 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 44,368,539.07 | 92,900,439.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 44,368,539.07 | 92,900,439.00 |
| Borrowingsraised | 7,240,208,717.59 | 5,990,188,961.51 |
| Cashgeneratedfromotherfinancingactivities | 296,375,956.73 | 120,900,000.00 |
| Subtotalofcashgeneratedfromfinancingactivities | 7,580,953,213.39 | 6,203,989,400.51 |
| Repaymentofborrowings | 4,466,489,496.89 | 3,561,043,093.07 |
| Interestanddividendspaid | 226,688,210.14 | 251,247,798.13 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | 3,087,000.00 | |
| Cashusedinotherfinancingactivities | 171,080,346.77 | 80,860,476.44 |
| Subtotalofcashusedinfinancingactivities | 4,864,258,053.80 | 3,893,151,367.64 |
| Netcashgeneratedfrom/usedinfinancingactivities | 2,716,695,159.59 | 2,310,838,032.87 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 3,140,025.95 | 9,479,762.14 |
| 5.Netincreaseincashandcashequivalents | 388,773,652.24 | 793,239,092.26 |
| Add:Cashandcashequivalents,beginningoftheperiod | 4,298,056,113.24 | 4,493,701,917.22 |
| 6.Cashandcashequivalents,endoftheperiod | 4,686,829,765.48 | 5,286,941,009.48 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 999,059,567.78 | 2,771,899,784.42 |
| Taxrebates | 22,557,838.62 | 20,649,207.83 |
| Cashgeneratedfromotheroperatingactivities | 217,038,045.37 | 2,075,822,222.03 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,238,655,451.77 | 4,868,371,214.28 |
| Paymentsforcommoditiesandservices | 898,514,624.74 | 1,450,487,246.54 |
| Cashpaidtoandforemployees | 140,791,858.87 | 133,423,344.93 |
| Taxespaid | 2,964,844.09 | 4,136,871.33 |
| Cashusedinotheroperatingactivities | 223,573,250.93 | 2,873,144,580.53 |
| Subtotalofcashusedinoperatingactivities | 1,265,844,578.63 | 4,461,192,043.33 |
| Netcashgeneratedfrom/usedinoperatingactivities | -27,189,126.86 | 407,179,170.95 |
| 2.Cashflowsfrominvestingactivities: |
| Proceedsfromdisinvestment | 69,047,750.00 | 32,450,000.00 |
| Returnoninvestment | 158,365.75 | 15,939,565.72 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 40,484.00 | |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | 586,521,708.23 | 432,059,444.44 |
| Subtotalofcashgeneratedfrominvestingactivities | 655,727,823.98 | 480,489,494.16 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 70,146,625.59 | 25,216,708.68 |
| Paymentsforinvestments | 196,500,000.00 | 167,400,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 1,364,896,522.33 | 88,280,000.00 |
| Subtotalofcashusedininvestingactivities | 1,631,543,147.92 | 280,896,708.68 |
| Netcashgeneratedfrom/usedininvestingactivities | -975,815,323.94 | 199,592,785.48 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsraised | 4,888,475,384.37 | 2,292,002,445.87 |
| Cashgeneratedfromotherfinancingactivities | 2,645,944,956.96 | |
| Subtotalofcashgeneratedfromfinancingactivities | 7,534,420,341.33 | 2,292,002,445.87 |
| Repaymentofborrowings | 3,520,533,434.80 | 2,559,852,000.00 |
| Interestanddividendspaid | 196,717,205.76 | 218,167,563.74 |
| Cashusedinotherfinancingactivities | 2,551,627,277.85 | 4,759,802.05 |
| Subtotalofcashusedinfinancingactivities | 6,268,877,918.41 | 2,782,779,365.79 |
| Netcashgeneratedfrom/usedinfinancingactivities | 1,265,542,422.92 | -490,776,919.92 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 1,751,291.25 | 2,905,864.39 |
| 5.Netincreaseincashandcashequivalents | 264,289,263.37 | 118,900,900.90 |
| Add:Cashandcashequivalents,beginningoftheperiod | 2,910,762,592.99 | 1,337,342,186.92 |
| 6.Cashandcashequivalents,endoftheperiod | 3,175,051,856.36 | 1,456,243,087.82 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearoftheNewStandardsGoverningLeasesfrom2021
√Applicable□NotapplicableWhetheritemsofthebalancesheetsatthebeginningoftheyearneedadjustments
√Yes□No
(1)ConsolidatedBalanceSheet
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjustment |
| Currentassets: | |||
| Monetaryassets | 5,431,530,180.90 | 5,431,530,180.90 | |
| Settlementreserve | |||
| Interbankloansgranted | |||
| Held-for-tradingfinancialassets | 618,249,541.66 | 618,249,541.66 | |
| Derivativefinancialassets | |||
| Notesreceivable | 2,358,180,193.96 | 2,358,180,193.96 | |
| Accountsreceivable | 3,900,897,623.59 | 3,900,897,623.59 | |
| Accountsreceivablefinancing | 84,057,197.44 | 84,057,197.44 | |
| Prepayments | 1,183,270,543.41 | 1,182,471,715.24 | -798,828.17 |
| Premiumsreceivable | |||
| Reinsurancereceivables | |||
| Receivablereinsurancecontractreserve | |||
| Otherreceivables | 2,145,736,640.60 | 2,145,209,803.70 | -526,836.90 |
| Including:Interestreceivable | 45,109,425.85 | 45,109,425.85 | |
| Dividendsreceivable | 4,947,848.62 | 4,947,848.62 | |
| Financialassetspurchasedunderresaleagreements | |||
| Inventories | 4,521,300,677.41 | 4,521,300,677.41 | |
| Contractualassets | 2,870,006,710.39 | 2,870,006,710.39 | |
| Assetsclassifiedasheldforsale | |||
| Currentportionofnon-currentassets | 112,310,158.82 | 112,310,158.82 | |
| Othercurrentassets | 1,913,146,483.39 | 1,913,146,483.39 | |
| Totalcurrentassets | 25,138,685,951.57 | 25,137,360,286.50 | -1,325,665.07 |
| Non-currentassets: | |||
| Loansandadvancestocustomers | |||
| Investmentsindebtobligations |
| Investmentsinotherdebtobligations | |||
| Long-termreceivables | 399,497,204.03 | 399,497,204.03 | |
| Long-termequityinvestments | 4,375,833,584.65 | 4,375,833,584.65 | |
| Investmentsinotherequityinstruments | 25,343,293.16 | 25,343,293.16 | |
| Othernon-currentfinancialassets | 1,878,154,796.76 | 1,878,154,796.76 | |
| Investmentproperty | 538,585,668.29 | 538,585,668.29 | |
| Fixedassets | 3,178,642,017.84 | 3,178,642,017.84 | |
| Constructioninprogress | 9,236,643,931.68 | 9,236,643,931.68 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Userightsassets | 103,838,847.54 | 103,838,847.54 | |
| Intangibleassets | 1,189,191,001.51 | 1,189,191,001.51 | |
| R&Dexpense | |||
| Goodwill | 675,795,873.17 | 675,795,873.17 | |
| Long-termprepaidexpense | 153,198,562.82 | 153,198,562.82 | |
| Deferredincometaxassets | 1,265,916,437.39 | 1,265,916,437.39 | |
| Othernon-currentassets | 1,820,779,170.74 | 1,820,779,170.74 | |
| Totalnon-currentassets | 24,737,581,542.04 | 24,841,420,389.58 | 103,838,847.54 |
| Totalassets | 49,876,267,493.61 | 49,978,780,676.08 | 102,513,182.47 |
| Currentliabilities: | |||
| Short-termborrowings | 10,990,550,475.78 | 10,990,550,475.78 | |
| Borrowingsfromthecentralbank | |||
| Interbankloansobtained | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 1,335,987,026.21 | 1,335,987,026.21 | |
| Accountspayable | 9,632,366,325.76 | 9,632,366,325.76 | |
| Advancesfromcustomers | |||
| Contractualliabilities | 1,217,367,735.94 | 1,217,367,735.94 | |
| Financialassetssoldunderrepurchaseagreements | |||
| Customerdepositsandinterbankdeposits | |||
| Payablesforactingtradingofsecurities | |||
| Payablesforunderwritingofsecurities | |||
| Payrollpayable | 476,616,244.45 | 476,616,244.45 |
| Taxespayable | 508,214,059.16 | 508,214,059.16 | |
| Otherpayables | 1,999,430,899.69 | 1,991,555,887.10 | -7,875,012.59 |
| Including:Interestpayable | 220,837,380.17 | 220,837,380.17 | |
| Dividendspayable | |||
| Handlingchargesandcommissionspayable | |||
| Reinsurancepayables | |||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | |||
| Currentportionofnon-currentliabilities | 376,896,566.29 | 425,552,664.43 | 48,656,098.14 |
| Othercurrentliabilities | 441,774,317.23 | 441,774,317.23 | |
| Totalcurrentliabilities | 26,979,203,650.51 | 27,019,984,736.06 | 40,781,085.55 |
| Non-currentliabilities: | |||
| Insurancecontractreserve | |||
| Long-termborrowings | 5,964,748,997.54 | 5,964,748,997.54 | |
| Bondspayable | 4,993,212,788.32 | 4,993,212,788.32 | |
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 61,732,096.92 | 61,732,096.92 | |
| Long-termpayables | 481,409,849.96 | 481,409,849.96 | |
| Long-termpayrollpayable | 5,248,309.14 | 5,248,309.14 | |
| Provisions | 102,353,567.91 | 102,353,567.91 | |
| Deferredincome | 446,900,524.64 | 446,900,524.64 | |
| Deferredincometaxliabilities | 75,819,231.93 | 75,819,231.93 | |
| Othernon-currentliabilities | 106,475,449.02 | 106,475,449.02 | |
| Totalnon-currentliabilities | 12,176,168,718.46 | 12,237,900,815.38 | 61,732,096.92 |
| Totalliabilities | 39,155,372,368.97 | 39,257,885,551.44 | 102,513,182.47 |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserves | 230,185,310.09 | 230,185,310.09 | |
| Less:Treasurystock | |||
| Othercomprehensiveincome | -16,583,042.42 | -16,583,042.42 | |
| Specificreserve |
| Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 | |
| Generalreserve | |||
| Retainedearnings | 4,595,371,391.63 | 4,595,371,391.63 | |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,428,640,176.97 | 8,428,640,176.97 | |
| Non-controllinginterests | 2,292,254,947.67 | 2,292,254,947.67 | |
| Totalowners’equity | 10,720,895,124.64 | 10,720,895,124.64 | |
| Totalliabilitiesandowners’equity | 49,876,267,493.61 | 49,978,780,676.08 | 102,513,182.47 |
NotesforadjustmentTheMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.21-Leases"(CaiKuai[2018]No.35)in2018,andtheCompanyimplementeditsince1January2021.Accordingtothenewstandardsgoverningleases,enterprisesimplementingthisstandardforthefirsttimeshouldadjusttheamountofretainedearningsandotherrelateditemsinthefinancialstatementsatthebeginningoftheyearwhenthestandardisfirstimplementedbasedonthecumulativeimpactofthefirstimplementationofthestandard,andnoadjustmentismadetotheinformationforthecomparableperiod.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjusted |
| Currentassets: | |||
| Monetaryassets | 3,481,445,560.17 | 3,481,445,560.17 | |
| Held-for-tradingfinancialassets | 298,497,458.33 | 298,497,458.33 | |
| Derivativefinancialassets | |||
| Notesreceivable | 879,589,355.91 | 879,589,355.91 | |
| Accountsreceivable | 4,473,251,691.85 | 4,473,251,691.85 | |
| Accountsreceivablefinancing | 5,659,400.00 | 5,659,400.00 | |
| Prepayments | 1,021,218,285.46 | 1,021,218,285.46 | |
| Otherreceivables | 10,034,869,353.07 | 10,034,869,353.07 | |
| Including:Interestreceivable | 41,138,869.97 | 41,138,869.97 | |
| Dividendsreceivable | 749,431,635.50 | 749,431,635.50 | |
| Inventories | 202,406,456.36 | 202,406,456.36 | |
| Contractualassets | |||
| Assetsclassifiedasheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 1,020,031,186.39 | 1,020,031,186.39 | |
| Totalcurrentassets | 21,416,968,747.54 | 21,416,968,747.54 |
| Non-currentassets: | |||
| Investmentsindebtobligations | |||
| Investmentsinotherdebtobligations | |||
| Long-termreceivables | |||
| Long-termequityinvestments | 8,806,166,599.56 | 8,806,166,599.56 | |
| Investmentsinotherequityinstruments | 17,940,215.36 | 17,940,215.36 | |
| Othernon-currentfinancialassets | 250,230,000.00 | 250,230,000.00 | |
| Investmentproperty | 406,237,236.91 | 406,237,236.91 | |
| Fixedassets | 431,762,044.14 | 431,762,044.14 | |
| Constructioninprogress | 132,464,938.18 | 132,464,938.18 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Userightsassets | 6,321,843.42 | 6,321,843.42 | |
| Intangibleassets | 59,506,272.63 | 59,506,272.63 | |
| R&Dexpense | |||
| Goodwill | |||
| Long-termprepaidexpense | 16,532,521.69 | 16,532,521.69 | |
| Deferredincometaxassets | 980,095,292.53 | 980,095,292.53 | |
| Othernon-currentassets | 10,867,888.84 | 10,867,888.84 | |
| Totalnon-currentassets | 11,111,803,009.84 | 11,118,124,853.26 | 6,321,843.42 |
| Totalassets | 32,528,771,757.38 | 32,535,093,600.80 | 6,321,843.42 |
| Currentliabilities: | |||
| Short-termborrowings | 5,052,990,048.93 | 5,052,990,048.93 | |
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 1,344,958,738.50 | 1,344,958,738.50 | |
| Accountspayable | 6,811,467,585.39 | 6,811,467,585.39 | |
| Advancesfromcustomers | |||
| Contractualliabilities | 723,022,740.95 | 723,022,740.95 | |
| Payrollpayable | 147,391,317.06 | 147,391,317.06 | |
| Taxespayable | 4,094,133.23 | 4,094,133.23 | |
| Otherpayables | 4,275,347,622.57 | 4,275,347,622.57 | |
| Including:Interestpayable | 215,828,625.04 | 215,828,625.04 | |
| Dividendspayable |
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | |||
| Currentportionofnon-currentliabilities | 5,867,425.49 | 8,297,306.42 | 2,429,880.93 |
| Othercurrentliabilities | 6,108,675.36 | 6,108,675.36 | |
| Totalcurrentliabilities | 18,371,248,287.48 | 18,373,678,168.41 | 2,429,880.93 |
| Non-currentliabilities: | |||
| Long-termborrowings | 2,930,034,612.32 | 2,930,034,612.32 | |
| Bondspayable | 4,993,212,788.32 | 4,993,212,788.32 | |
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 3,891,962.49 | 3,891,962.49 | |
| Long-termpayables | 17,633,249.67 | 17,633,249.67 | |
| Long-termpayrollpayable | |||
| Provisions | 832,465.72 | 832,465.72 | |
| Deferredincome | 61,530,557.55 | 61,530,557.55 | |
| Deferredincometaxliabilities | 2,334,364.58 | 2,334,364.58 | |
| Othernon-currentliabilities | 54,162,098.05 | 54,162,098.05 | |
| Totalnon-currentliabilities | 8,059,740,136.21 | 8,063,632,098.70 | 3,891,962.49 |
| Totalliabilities | 26,430,988,423.69 | 26,437,310,267.11 | 6,321,843.42 |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserves | 112,570,352.72 | 112,570,352.72 | |
| Less:Treasurystock | |||
| Othercomprehensiveincome | -2,682,217.31 | -2,682,217.31 | |
| Specificreserve | |||
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 | |
| Retainedearnings | 2,352,385,005.09 | 2,352,385,005.09 | |
| Totalowners’equity | 6,097,783,333.69 | 6,097,783,333.69 | |
| Totalliabilitiesandowners’equity | 32,528,771,757.38 | 32,535,093,600.80 | 6,321,843.42 |
NotesforadjustmentTheMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.21-Leases"(CaiKuai[2018]No.35)in2018,andtheCompanyimplementeditsince1January2021.Accordingtothenewstandardsgoverningleases,enterprisesimplementingthisstandardforthefirsttimeshouldadjusttheamountofretainedearningsandotherrelateditemsinthefinancialstatementsatthebeginningoftheyearwhenthestandardisfirstimplementedbasedonthecumulativeimpactofthefirstimplementationofthestandard,andnoadjustmentismadetotheinformationforthecomparableperiod.
2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstExecutionoftheNewStandardsGoverningLeasesfrom2021
√Applicable□NotapplicableTheMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.21-Leases"(CaiKuai[2018]No.35)in2018,andtheCompanyimplementeditsince1January2021.Accordingtothenewstandardsgoverningleases,enterprisesimplementingthisstandardforthefirsttimeshouldadjusttheamountofretainedearningsandotherrelateditemsinthefinancialstatementsatthebeginningoftheyearwhenthestandardisfirstimplementedbasedonthecumulativeimpactofthefirstimplementationofthestandard,andnoadjustmentismadetotheinformationforthecomparableperiod.IIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.
TheBoardofDirectors
KonkaGroupCo.,Ltd.28April2021