GuangdongProvincialExpresswayDevelopmentCo.，Ltd.
TheFirstQuarterlyReport2019
April2019
I.ImportantNoticeTheBoardofDirectorsandtheSupervisoryCommitteeoftheCompanyanditsdirectors,supervisorsandseniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.AllofthedirectorspresentedtheboardmeetingatwhichthisQuarterlyReportwasexamined.Mr.ZhengRenfa,Leader,Mr.WangChunhua,GeneralManager,Mr.FangZhi,Chiefoftheaccountingwork,MsZhouFang,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisreport.
II.BasicInformationoftheCompany（1）MainfinancialdataandfinancialindexIndicatebytickmarkwhethertheCompanyneedstoretroactivelyrestateanyofitsaccountingdata.□Yes√No
| Thisperiod | Sameperiodoflastyear | Changesofthisperiodoversameperiodoflastyear（％） | |
| Operatingrevenue（Yuan） | 736,437,257.60 | 743,043,761.26 | -0.89% |
| Netprofitattributabletotheshareholdersofthelistedcompany（Yuan） | 354,064,646.18 | 341,598,430.84 | 3.65% |
| Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan） | 353,871,455.69 | 341,067,803.01 | 3.75% |
| Netcashgeneratedfrom/usedinoperatingactivities（Yuan） | 518,337,607.13 | 332,977,529.61 | 55.67% |
| Basicearningpershare(Yuan/Share) | 0.17 | 0.16 | 6.25% |
| Dilutedgainspershare(Yuan/Share) | 0.17 | 0.16 | 6.25% |
| Weightedaveragereturnonequity（%） | 3.61% | 3.71% | -0.10% |
| Endofthisperiod | Endoflastperiod | Changesofthisperiod-endoversameperiod-endoflastyear(%) | |
| Totalassets（Yuan） | 17,264,308,203.57 | 16,295,910,774.45 | 5.94% |
| Netassetsattributabletotheshareholdersofthelistedcompany（Yuan） | 10,026,134,135.15 | 9,586,701,904.06 | 4.58% |
Itemsandamountofnon-currentgainsandlosses√Applicable□Notapplicable
InRMB
| Items | Amount(Year-beginningtotheendofthereportperiod.) | Notes |
| Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | -54,181.47 | |
| Govemmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 115,533.91 | |
| Othernon-businessincomeandexpendituresotherthantheabove | 195,938.56 | |
| Less:Influencedamountofincometax | 44,768.97 | |
| Influencedamountofminorshareholders’equity(aftertax) | 19,331.54 | |
| Total | 193,190.49 | -- |
ExplainthereasonsiftheCompanyclassifiesanitemasanextraordinarygain/lossaccordingtothedefinitionintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-ExtraordinaryGainsandLosses,orclassifiesanyextraordinarygain/lossitemmentionedinthesaidexplanatoryannouncementasarecurrentgain/lossitem.□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecognizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.II.TotalShareholdersandSharesHeldbyTopTenShareholdersattheEndoftheReportingPeriod1.AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders
Inshares
| Totalnumberofcommonshareholdersattheperiod-end | 57,566 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 |
| Sharesheldbythetop10shareholders | ||||||
| Shareholdername | Propertiesofshareholder | Shareproportion% | Quantity | AmountoftradableshareswithConditionalheld | Pledgingorfreezing | |
| Statusoftheshares | Quantity | |||||
| GuangdongCommunicationGroupCo.,Ltd. | State-ownedlegalperson | 24.56% | 513,412,507 | 410,032,765 | ||
| GuangdongHighwayConstructionCo.,Ltd, | State-ownedlegalperson | 22.30% | 466,325,020 | 466,325,020 | ||
| YadongFuxingYalianInvestmentCo.,Ltd. | DomesticnonState-ownedLegalperson | 9.68% | 202,429,149 | 202,429,149 | Pledge | 156,652,500 |
| TibetYingyueInvestmentManagementCo.,Ltd. | State-ownedlegalperson | 4.84% | 101,214,574 | 101,214,574 | ||
| GuangdongExpresswayCo.,Ltd. | State-ownedlegalperson | 2.53% | 52,937,491 | 52,937,491 | ||
| GuangfaSecuritiesCo.,Ltd. | State-ownedlegalperson | 1.45% | 30,364,372 | 30,364,372 | ||
| AgriculturalBankofChina－JingshunGreatWallEnergyInfrastructureMixedSecuritiesInvestmentFund | Other | 1.30% | 27,166,803 | |||
| FengWuchu | Domesticnaturalpersonshares | 1.07% | 22,369,146 | |||
| XinyueCo.,Ltd. | Overseaslegalperson | 0.63% | 13,201,086 | |||
| PRUSIKUMBRELLAUCITSFUNDPLC | Overseaslegalperson | 0.62% | 12,999,871 | |||
| SharesheldbytheTop10ShareholdersofNon-restrictedshares | ||||||
| Shareholders’Names | Numberofthenon-restrictedsharesheld | Sharetype | ||||
| Sharetype | Quantity | |||||
| GuangdongCommunicationGroupCo.,Ltd. | 103,379,742 | RMBCommonshares | 103,379,742 | |||
| AgriculturalBankofChina－JingshunGreatWallEnergyInfrastructureMixedSecuritiesInvestmentFund | 27,166,803 | RMBCommonshares | 27,166,803 | |||
| FengWuchu | 22,369,146 | RMBCommonshares | 20,461,807 | |||
| Foreignsharesplacedindomesticexchange | 1,907,339 | |||||
| XinyueCo.,Ltd. | 13,201,086 | Foreignsharesplacedindomesticexchange | 13,201,086 | |||
| PRUSIKUMBRELLAUCITSFUNDPLC | 12,999,871 | Foreignsharesplacedindomesticexchange | 12,999,871 | |||
| VALUEPARTNERSHIGH-DIVIDENDSTOCKSFUNDS | 12,291,518 | Foreignsharesplacedindomesticexchange | 12,291,518 | |||
| KhazanahNasionalBerhad－Selffund | 10,522,779 | RMBCommonshares | 10,522,779 | |||
| HuataiSecuritiesCo.,Ltd. | 10,065,914 | RMBCommonshares | 10,065,914 | |||
| VALUEPARTNERSCLASSICFUND | 9,971,395 | Foreignsharesplacedindomestic | 9,971,395 | |||
| exchange | |||
| MATTHEWSCHINADIVIDENDFUND | 9,755,290 | Foreignsharesplacedindomesticexchange | 9,755,290 |
| Explanationonassociatedrelationshiporconcertedactionoftheaboveshareholders | GuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd,GuangdongExpresswayCo.,Ltd.andXinyueCo.,Ltd..ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformationaboutChangeinShareholdingofShareholdersofListedCompanies. | ||
| Participationoftop10unconditionalcommonshareshareholdersinsecuritiesmargintrading(ifany) | Nil | ||
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IIISignificantEvents
I.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges√Applicable□Notapplicable1.MonetarycapitalIncreasedbyRMB707.92millionand33.32%overthebeginningoftheyear,It’smainlyduetothecomprehensiveimpactofvariouscashflowactivities,inwhichthenetcashinflowfromoperatingactivitieswasRMB518.34million,thenetcashoutflowfrominvestmentactivitieswasRMB213.01million,andthenetcashinflowfromfinancingactivitieswasRMB402.59million.2.ConstructioninprocessConstructioninprogressprojectsincludeconstructioninprogressandengineeringmaterials.ConstructioninprocessdecreasedbyRMB408.35millionand37.53%overthebeginningoftheyear,It’smainlyduetothecomprehensiveimpactofprojectcostincurredintheexpansionprojectofSanbaotoShuikouSectionofFokaiExpresswayandtheexpansionprojectassetofSanbaotoGongheSectionofFokaiExpresswayconvertedintofixedassets.Thecapitalperiodoftheprojecthasnotchanged.3.BondpayableincreasedbyRMB680million,A5-yearmedium-termnoteissuedforthecompany.(II)Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear1.OperatingincomedecreasedbyRMB6.61millionand0.89%yearonyear,Mainlyduetothefollowingfactors:
FoshanFirstRingRoadwasopentotraffic,anditdoesnotrestricttrucks,whichdivertspartofthetrafficflowofFokaiExpressway;HumenBridgerestrictsthepassageoftrucksover10tonsfromMarch8toApril2andtheZhuhaibranchline(S9919K0+945-K5+158)canceledthechargesfromDecember15th,2018therebyreducedtheincomeofGuangzhudongtolls;duetothenaturalgrowthoftrafficvolume,therevenueofGuangfoExpresswaytollincreased.2.R&DexpensesdecreasedbyRMB1.32millionand100%yearonyear,MainlyduetothecompanydidnothaveR&Dexpendituresthisyear.3.InvestmentgainsincreasedbyRMB16.84millionand16.35%,Themainreasonfortheincreasewasthattheinvestmentincomeoftheshare-participatingcompaniesrecognizedbytheCompanyaccordingtotheshareholdingratioincreasedYOY.
(III)Notesofmainitemsofcashflowstatement
1.TaxespaidMainlyduetocalculatetheincometax,value-addedtaxanditsadditionaltaxesandfeesactuallypaidinthecurrentperiod.ThecurrentperioddecreasedbyRMB177millionand68.26%yearonyear，Mainlyduetointhesameperiodlastyear,GuangdongFokaiExpresswayCo.,Ltd(deregistered)paidtheassessedvalue-addedincometax,andtherewasnosuchsituationinthecurrentperiod.
2.Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassetsincreasedbyRMB100.3millionand99.97%yearonyear,Mainlyduetointhesameperiodlastyear,JingzhuExpresswayGuangzhuSectionCo.,Ltd.receivedthecompensationofRMB100millionforthe4.213kmexpresswayassetoftheZhuhaisectionoftheGuang'aoExpresswaytransferredfromtheZhuhaiHigh-techZoneManagementCommittee.andtherewasnosuchsituationinthecurrentperiod.3.Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassetsincreasedby110.47millionand61.01%yearonyear,Mainlyduetothepaymentfortheexpansionandexpansionofthe
Sanbao-ShuikousectionoftheFokaiExpresswaypaidbytheFokaiBranchwasincreased.4.CashreceivedfromborrowingincreasedbyRMB996millionand240.58%yearonyear,Thereasonwasthattheparentcompany'sborrowingincreasedbyRMB1,255millioninthecurrentperiod,andtheJingzhuExpresswayGuangzhuSectionCo.,Ltd'sborrowinginthecurrentperioddecreasedbyRMB259millionYOY..5.CashtorepaydebtsincreasedbyRMB633.92millionand206.00%yearonyear,Thereasonwasthattheparentcompany'srepaymentofborrowingsincreasedbyRMB906millioninthecurrentperiod.TheJingzhuExpresswayGuangzhuSectionCo.,Ltd’srepaymentforborrowingsdecreasedbyRMB223.35millioninthecurrentperiod.GuangdongFokaiExpresswayCo.,Ltd(deregistered)repaidborrowingsofRMB48.73millioninthepreviousperiod.II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.□Applicable√NotapplicableProgressintheimplementationofsharerepurchase□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding□Applicable√NotapplicableIII.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod□Applicable√NotapplicableThecompanyhasnocommitmentscompletedinperiodandthosewithoutcompletedtilllendoftheperiodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies.IV．PredictionofBusinessperformanceforJanuary-June2019Estimationofaccumulativenetprofitfromthebeginningoftheyeartotheendofnextreportperiodtobeloss
probablyorthewarningofitsmaterialchangecomparedwiththecorrespondingperiodofthelastyearandexplanationofreason.□Applicable√NotapplicableV.Investmentinsecurities□Applicable√NotapplicableNon-existenceVI.Investmentinderivatives□Applicable√NotapplicableNon-existenceVII.RegistrationformofsuchActivitiesasReception,Research,Communication,InterviewintheReportingPeriod
√Applicable□Notapplicable
| Receptiontime | Wayofreception | Typesofvisitors | Basicindex |
| January9,2019 | Onsiteinvestigation | Organization | 1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports |
| January16,2019 | Onsiteinvestigation | Organization | 1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports |
| March29,2019 | Byphone | Organization | 1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports |
VIII.OutwardGuaranteeagainsttheRegulations□Applicable√NotapplicableTheCompanyhasnoexternalguaranteegetoutofthelineinthePeriodIX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany□Applicable√NotapplicableTherearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod
IV.FinancialStatementI.Financialstatement1.ConsolidatedbalancesheetPreparedby：GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
March31,2019
InRMB
| Items | March31,2019 | December31,2018 |
| Currentasset： | ||
| Monetaryfund | 2,832,442,969.39 | 2,124,524,996.32 |
| Settlementprovision | ||
| Outgoingcallloan | ||
| Transactionalfinancialassets | ||
| Financialassetsmeasuredatfairvaluewithvariationsaccountedintocurrentincomeaccount | ||
| Derivativefinancialassets | ||
| Notesreceivable&accountreceivable | 105,447,913.94 | 91,076,995.07 |
| Including：Notesreceivable | ||
| Accountreceivable | 105,447,913.94 | 91,076,995.07 |
| Prepayments | 1,283,038.94 | 1,912,943.40 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 17,798,021.47 | 16,487,256.02 |
| Including：Interestreceivable | ||
| Dividendreceivable | 1,205,472.90 | 1,205,472.90 |
| Otheraccountreceivable | 16,592,548.57 | 15,281,783.12 |
| Repurchasingoffinancialassets | ||
| Inventories | 83,931.70 | 81,017.91 |
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 |
| Othercurrentasset | ||
| Totalofcurrentassets | 2,957,107,620.76 | 2,234,134,954.04 |
| Non-currentassets： |
| Items | March31,2019 | December31,2018 |
| Loansandpaymentonother’sbehalfdisbursed | ||
| Debtinvestment | ||
| Availableforsaleoffinancialassets | 1,668,791,594.53 | |
| Otherinvestmentonbonds | ||
| Expiredinvestmentinpossess | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 3,201,788,350.19 | 3,145,644,970.07 |
| Otherequityinstrumentsinvestment | 1,762,893,572.13 | |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 3,497,339.23 | 3,579,007.54 |
| Fixedassets | 8,118,342,992.18 | 7,600,046,319.91 |
| Including：Fixedassets | 8,118,342,992.18 | 7,600,046,319.91 |
| Liquidationoffixedassets | ||
| Constructioninprogress | 681,124,596.93 | 1,089,473,425.63 |
| Including：Constructioninprogress | 679,575,040.93 | 1,087,923,869.63 |
| Engineeringmaterial | 1,549,556.00 | 1,549,556.00 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 5,106,557.74 | 5,739,020.48 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 1,221,781.88 | 1,221,781.88 |
| Deferredincometaxasset | 422,581,407.34 | 447,485,034.79 |
| Othernon-currentasset | 110,643,985.19 | 99,794,665.58 |
| Totalofnon-currentassets | 14,307,200,582.81 | 14,061,775,820.41 |
| Totalofassets | 17,264,308,203.57 | 16,295,910,774.45 |
| Currentliabilities | ||
| Short-termloans | ||
| LoanfromCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliabilities | ||
| Financialliabilitiesmeasuredatfairvaluewithvariations |
| Items | March31,2019 | December31,2018 |
| accountedintocurrentincomeaccount | ||
| Derivativefinancialliabilities | ||
| Notespayable&accountpayable | 154,910,357.26 | 203,779,190.74 |
| Including：Notespayable | ||
| Accountpayable | 154,910,357.26 | 203,779,190.74 |
| Advancereceipts | 12,375,610.28 | 12,039,708.01 |
| Sellingofrepurchasedfinancialassets | ||
| Deposittakingandinterbankdeposit | ||
| Entrustedtradingofsecurities | ||
| Entrustedsellingofsecurities | ||
| Employees’wagepayable | 18,092,331.40 | 13,122,437.17 |
| Taxpayable | 118,882,217.49 | 104,198,746.06 |
| Otheraccountpayable | 207,567,174.26 | 191,254,464.84 |
| Including：Interestpayable | 11,339,664.52 | 8,971,576.57 |
| Dividendpayable | 17,127,446.76 | 17,191,142.23 |
| Otheraccountpayable | 179,100,062.98 | 165,091,746.04 |
| Feesandcommissionspayable | ||
| Reinsurancefeepayable | ||
| ContractLiabilities | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 1,967,555,000.00 | 2,498,480,000.00 |
| Othercurrentliability | ||
| Totalofcurrentliability | 2,479,382,690.69 | 3,022,874,546.82 |
| Non-currentliabilities： | ||
| Reservefundforinsurancecontracts | ||
| Long-termloan | 3,302,315,000.00 | 2,983,040,000.00 |
| Bondpayable | 680,000,000.00 | |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 38,022,210.11 | 38,022,210.11 |
| Including：Long-termpayable | 38,022,210.11 | 38,022,210.11 |
| Specialpayable |
| Items | March31,2019 | December31,2018 |
| Expectedliabilities | ||
| Deferredincome | ||
| Deferredincometaxliability | 224,577,068.14 | 205,672,389.59 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 4,244,914,278.25 | 3,226,734,599.70 |
| Totalofliability | 6,724,296,968.94 | 6,249,609,146.52 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 2,551,949,235.31 | 2,536,774,965.31 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 315,302,429.72 | 245,109,114.81 |
| Surplusreserves | 775,402,561.35 | 775,402,561.35 |
| Commonriskprovision | ||
| Retainedprofit | 4,292,673,782.77 | 3,938,609,136.59 |
| Totalofowner’sequitybelongtotheparentcompany | 10,026,134,135.15 | 9,586,701,904.06 |
| Minorityshareholders’equity | 513,877,099.48 | 459,599,723.87 |
| Totalofowners’equity | 10,540,011,234.63 | 10,046,301,627.93 |
| Totalofliabilitiesandowners’equity | 17,264,308,203.57 | 16,295,910,774.45 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
2.ParentCompanyBalanceSheet
InRMB
| Items | March31,2019 | December31,2018 |
| Currentasset： | ||
| Monetaryfund | 2,813,617,635.05 | 2,096,597,568.04 |
| Transactionalfinancialassets | ||
| Financialassetsmeasuredatfairvaluewithvariationsaccountedintocurrentincomeaccount | ||
| Derivativefinancialassets | ||
| Notesreceivable&accountreceivable | 18,536,318.28 | 18,405,847.15 |
| Including：Notesreceivable | ||
| Accountreceivable | 18,536,318.28 | 18,405,847.15 |
| Prepayments | 996,386.44 | 1,532,057.82 |
| Otheraccountreceivable | 24,133,924.45 | 9,323,782.66 |
| Including：Interestreceivable | 17,087,212.26 | 1,880,148.12 |
| Dividendreceivable | 1,205,472.90 | 1,205,472.90 |
| Otheraccountreceivable | 5,841,239.29 | 6,238,161.64 |
| Inventories | ||
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 100,000,000.00 | 100,000,000.00 |
| Othercurrentasset | ||
| Totalofcurrentassets | 2,957,284,264.22 | 2,225,859,255.67 |
| Non-currentassets： | ||
| Debtinvestment | 692,903,684.98 | |
| Availableforsaleoffinancialassets | 1,668,791,594.53 | |
| Otherinvestmentonbonds | ||
| Expiredinvestmentinpossess | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 4,735,453,359.00 | 4,679,309,978.88 |
| Otherequityinstrumentsinvestment | 1,762,893,572.13 | |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 3,245,200.98 | 3,326,869.29 |
| Fixedassets | 5,872,474,309.21 | 5,292,898,635.00 |
| Items | March31,2019 | December31,2018 |
| Including：Fixedassets | 5,872,474,309.21 | 5,292,898,635.00 |
| Liquidationoffixedassets | ||
| Constructioninprogress | 640,868,926.90 | 1,060,230,773.10 |
| Including：Constructioninprogress | 640,868,926.90 | 1,060,230,773.10 |
| Engineeringmaterial | ||
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 1,597,159.29 | 1,741,277.53 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | ||
| Deferredincometaxasset | 422,441,216.87 | 447,328,530.77 |
| Othernon-currentasset | 110,016,836.44 | 790,720,727.48 |
| Totalofnon-currentassets | 14,241,894,265.80 | 13,944,348,386.58 |
| Totalofassets | 17,199,178,530.02 | 16,170,207,642.25 |
| Currentliabilities | ||
| Short-termloans | ||
| Transactionalfinancialliabilities | ||
| Financialliabilitiesmeasuredatfairvaluewithvariationsaccountedintocurrentincomeaccount | ||
| Derivativefinancialliabilities | ||
| Notespayable&accountpayable | 116,980,362.46 | 124,833,335.72 |
| Including：Notespayable | ||
| Accountpayable | 116,980,362.46 | 124,833,335.72 |
| Advancereceipts | ||
| ContractLiabilities | ||
| Employees’wagepayable | 5,454,825.93 | 5,669,203.37 |
| Taxpayable | 5,856,745.80 | 10,297,144.52 |
| Otheraccountpayable | 165,929,517.48 | 142,457,135.79 |
| Including：Interestpayable | 10,792,926.60 | 8,373,096.36 |
| Dividendpayable | 17,127,446.76 | 17,191,142.23 |
| Otheraccountpayable | 138,009,144.12 | 116,892,897.20 |
| Items | March31,2019 | December31,2018 |
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 1,796,255,000.00 | 2,327,180,000.00 |
| Othercurrentliability | 1,187,835,865.71 | 977,236,252.44 |
| Totalofcurrentliability | 3,278,312,317.38 | 3,587,673,071.84 |
| Non-currentliabilities： | ||
| Long-termloan | 3,086,915,000.00 | 2,731,990,000.00 |
| Bondpayable | 680,000,000.00 | |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 38,022,210.11 | 38,022,210.11 |
| Including：Long-termpayable | 38,022,210.11 | 38,022,210.11 |
| Specialpayable | ||
| Expectedliabilities | ||
| Deferredincome | ||
| Deferredincometaxliability | 111,746,098.40 | 88,220,604.00 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 3,916,683,308.51 | 2,858,232,814.11 |
| Totalofliability | 7,194,995,625.89 | 6,445,905,885.95 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 2,963,837,466.93 | 2,948,663,196.93 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 315,302,429.72 | 245,109,114.81 |
| Surplusreserves | 759,558,277.70 | 759,558,277.70 |
| Retainedprofit | 3,874,678,603.78 | 3,680,165,040.86 |
| Totalofowners’equity | 10,004,182,904.13 | 9,724,301,756.30 |
| Totalofliabilitiesandowners’equity | 17,199,178,530.02 | 16,170,207,642.25 |
3.ConsolidatedIncomestatement
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Incomefromthekeybusiness | 736,437,257.60 | 743,043,761.26 |
| Including：Businessincome | 736,437,257.60 | 743,043,761.26 |
| Interestincome | ||
| Insurancefeeearned | ||
| Feeandcommissionreceived | ||
| II.Totalbusinesscost | 352,232,513.86 | 349,373,491.44 |
| Including：Businesscost | 257,839,452.31 | 253,181,541.86 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Netamountofwithdrawalofinsurancecontractreserve | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 3,168,467.28 | 3,134,608.21 |
| Salesexpense | ||
| Administrativeexpense | 36,707,007.01 | 34,583,248.16 |
| R&Dcosts | 1,318,344.01 | |
| Financialexpenses | 54,517,587.26 | 57,155,749.20 |
| Including：Interestexpense | 58,652,879.99 | 63,343,856.83 |
| Interestincome | 5,041,225.60 | 7,183,114.61 |
| Assetimpairmentloss | ||
| Creditimpairmentloss | ||
| Add：Otherincome | 115,533.91 | |
| Investmentgain（“-”forloss） | 119,851,621.21 | 103,011,034.29 |
| Including:investmentgainsfromaffiliates | 119,198,798.96 | 103,011,034.29 |
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Incomeondisposalofassets |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| III.Operationalprofit（“-”forloss） | 504,171,898.86 | 496,681,304.11 |
| Add：Non-operationalincome | 332,608.56 | 924,878.79 |
| Including:Profitsfromdisposalofnon-currentassets | 92,737.24 | |
| Less:Non-operatingexpense | 190,851.47 | 277,993.40 |
| Including：Lossondisposalofnon-currentassets | 54,181.47 | 249,184.79 |
| IV.Totalprofit(“-”forloss) | 504,313,655.95 | 497,328,189.50 |
| Less：Incometaxexpenses | 95,971,634.16 | 102,250,360.83 |
| V.Netprofit | 408,342,021.79 | 395,077,828.67 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | 408,342,021.79 | 395,077,828.67 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| Netprofitattributabletotheownersofparentcompany | 354,064,646.18 | 341,598,430.84 |
| Minorityshareholders’equity | 54,277,375.61 | 53,479,397.83 |
| VI.Netafter-taxofothercomprehensiveincome | 70,193,314.91 | 313,345.79 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | 70,193,314.91 | 313,345.79 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 70,576,483.20 | |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 70,576,483.20 | |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | -383,168.29 | 313,345.79 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -383,168.29 | -4,979,890.45 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| 3.Gainsandlossesfromchangesinfairvalueavailableforsalefinancialassets | 5,293,236.24 | |
| 4.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.Held-to-maturityinvestmentsreclassifiedtogainsandlossesofavailableforsalefinancialassets | ||
| 6.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 7.Reserveforcashflowhedges | ||
| 8.Translationdifferencesincurrencyfinancialstatements | ||
| 9.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | 478,535,336.70 | 395,391,174.46 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 424,257,961.09 | 341,911,776.63 |
| Totalcomprehensiveincomeattributableminorityshareholders | 54,277,375.61 | 53,479,397.83 |
| VIII.Earningspershare | ||
| （I）Basicearningspershare | 0.17 | 0.16 |
| (II)Dilutedearningspershare | 0.17 | 0.16 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
4.IncomestatementoftheParentCompany
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Revenue | 324,156,876.46 | 328,850,035.97 |
| Including：Businesscost | 151,217,612.97 | 145,321,328.49 |
| Businesstaxandsurcharge | 1,724,079.25 | 1,715,552.23 |
| Salesexpense | ||
| Administrativeexpense | 20,909,420.29 | 18,510,954.70 |
| R&Dcosts | ||
| Financialexpenses | 50,832,482.65 | 52,730,252.46 |
| Including：Interestexpenses | 55,840,761.99 | 58,496,606.84 |
| Interestincome | 5,026,938.55 | 5,785,118.92 |
| Assetimpairmentloss | ||
| Creditimpairmentloss | ||
| Add：Otherincome | ||
| Investmentgain（“-”forloss） | 119,851,621.21 | 135,011,034.29 |
| Including:investmentgainsfromaffiliates | 119,198,798.96 | 103,011,034.29 |
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Incomeondisposalofassets | ||
| II.Operationalprofit（“-”forloss） | 219,324,902.51 | 245,582,982.38 |
| Add：Non-operationalincome | 111,869.48 | 583,307.92 |
| Less：Non-operationalexpenses | 35,895.17 | 251,804.79 |
| Including：Lossondisposalofnon-currentassets | 35,895.17 | 249,184.79 |
| III.Totalprofit(“-”forloss) | 219,400,876.82 | 245,914,485.51 |
| Less：Incometaxexpenses | 24,887,313.90 | 30,852,242.18 |
| IV.Netprofit | 194,513,562.92 | 215,062,243.33 |
| 1.Netcontinuingoperatingprofit | 194,513,562.92 | 215,062,243.33 |
| 2.Terminationofoperatingnetprofit | ||
| V.Netafter-taxofothercomprehensiveincome | 70,193,314.91 | 313,345.79 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 70,576,483.20 | 0.00 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebt |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| ornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 70,576,483.20 | |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | -383,168.29 | 313,345.79 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | -383,168.29 | -4,979,890.45 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Gainsandlossesfromchangesinfairvalueavailableforsalefinancialassets | 5,293,236.24 | |
| 4.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.Held-to-maturityinvestmentsreclassifiedtogainsandlossesofavailableforsalefinancialassets | ||
| 6.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 7.Reserveforcashflowhedges | ||
| 8.Translationdifferencesincurrencyfinancialstatements | ||
| 9.Other | ||
| VI.Totalcomprehensiveincome | 264,706,877.83 | 215,375,589.12 |
| VII.Earningspershare | ||
| （I）Basicearningspershare | ||
| (II)Dilutedearningspershare |
5.ConsolidatedCashflowstatement
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 738,658,072.58 | 734,954,247.26 |
| Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
| Netincreaseofloansfromcentralbank | ||
| Netincreaseofinter-bankloansfromotherfinancialbodies | ||
| Cashreceivedagainstoriginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofclientdepositandinvestment | ||
| Netincreaseofamountfromdisposalfinancialassetsthatmeasuredbyfairvalueandwithvariationreckonedintocurrentgains/losses | ||
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofinter-bankfundreceived | ||
| Netincreaseofrepurchasingbusiness | ||
| Netcashreceivedbyagentinsecuritiestrading | ||
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 8,177,214.62 | 8,628,131.32 |
| Sub-totalofcashinflow | 746,835,287.20 | 743,582,378.58 |
| Cashpaidforpurchasingofmerchandiseandservices | 52,141,942.34 | 65,925,589.00 |
| Netincreaseofclienttradeandadvance | ||
| Netincreaseofsavingsincentralbankandbrothercompany | ||
| Cashpaidfororiginalcontractclaim | ||
| Netincreaseinfinancialassetsheldfortradingpurposes | ||
| NetincreaseforOutgoingcallloan | ||
| Cashpaidforinterest,processingfeeandcommission | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtostaffsorpaidforstaffs | 73,711,658.04 | 74,728,511.17 |
| Taxespaid | 82,310,582.56 | 259,308,133.22 |
| Othercashpaidforbusinessactivities | 20,333,497.13 | 10,642,615.58 |
| Sub-totalofcashoutflowfrombusinessactivities | 228,497,680.07 | 410,604,848.97 |
| Netcashgeneratedfrom/usedinoperatingactivities | 518,337,607.13 | 332,977,529.61 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | ||
| Cashreceivedasinvestmentgains | 78,499,342.80 | 80,894,706.68 |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 31,580.00 | 100,329,850.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | ||
| Sub-totalofcashinflowduetoinvestmentactivities | 78,530,922.80 | 181,224,556.68 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 291,544,023.52 | 181,076,036.11 |
| Cashpaidasinvestment | ||
| Netincreaseofloanagainstpledge | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 291,544,023.52 | 181,076,036.11 |
| Netcashflowgeneratedbyinvestment | -213,013,100.72 | 148,520.57 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Including:Cashreceivedasinvestmentfromminorshareholders | ||
| Cashreceivedasloans | 1,410,000,000.00 | 414,000,000.00 |
| Cashreceivedfrombondplacing | ||
| Otherfinancing–relatedcashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 1,410,000,000.00 | 414,000,000.00 |
| Cashtorepaydebts | 941,650,000.00 | 307,730,000.00 |
| Cashpaidasdividend,profit,orinterests | 64,965,149.34 | 81,854,963.82 |
| Including:Dividendandprofitpaidbysubsidiariestominorshareholders | ||
| Othercashpaidforfinancingactivities | 791,384.00 | |
| Sub-totalofcashoutflowduetofinancingactivities | 1,007,406,533.34 | 389,584,963.82 |
| Netcashflowgeneratedbyfinancing | 402,593,466.66 | 24,415,036.18 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 707,917,973.07 | 357,541,086.36 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 2,123,303,796.32 | 2,363,042,700.42 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 2,831,221,769.39 | 2,720,583,786.78 |
6.CashFlowStatementoftheParentCompany
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 317,930,569.57 | 308,153,039.83 |
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 227,481,382.77 | 313,698,619.62 |
| Sub-totalofcashinflow | 545,411,952.34 | 621,851,659.45 |
| Cashpaidforpurchasingofmerchandiseandservices | 6,738,037.43 | 29,554,946.50 |
| Cashpaidtostaffsorpaidforstaffs | 27,527,028.50 | 30,305,685.91 |
| Taxespaid | 13,682,757.81 | 14,917,622.11 |
| Othercashpaidforbusinessactivities | 25,373,283.31 | 156,019,307.99 |
| Sub-totalofcashoutflowfrombusinessactivities | 73,321,107.05 | 230,797,562.51 |
| Netcashgeneratedfrom/usedinoperatingactivities | 472,090,845.29 | 391,054,096.94 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | ||
| Cashreceivedasinvestmentgains | 78,499,342.80 | 122,894,706.68 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 3,700.00 | 16,250.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | 213,750.00 | 213,750.00 |
| Sub-totalofcashinflowduetoinvestmentactivities | 78,716,792.80 | 123,124,706.68 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 276,927,693.99 | 170,844,583.14 |
| Cashpaidasinvestment | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 276,927,693.99 | 170,844,583.14 |
| Netcashflowgeneratedbyinvestment | -198,210,901.19 | -47,719,876.46 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Cashreceivedasloans | 1,410,000,000.00 | 155,000,000.00 |
| Cashreceivedfrombondplacing | ||
| Otherfinancing–relatedashreceived | 150,000,000.00 | |
| Sub-totalofcashinflowfromfinancingactivities | 1,410,000,000.00 | 305,000,000.00 |
| Cashtorepaydebts | 906,000,000.00 |
| Items | Amountinthisperiod | Amountinlastperiod |
| Cashpaidasdividend,profit,orinterests | 60,068,493.09 | 40,196,530.42 |
| Othercashpaidforfinancingactivities | 791,384.00 | 73,200,000.00 |
| Sub-totalofcashoutflowduetofinancingactivities | 966,859,877.09 | 113,396,530.42 |
| Netcashflowgeneratedbyfinancing | 443,140,122.91 | 191,603,469.58 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 717,020,067.01 | 534,937,690.06 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 2,095,376,368.04 | 2,130,475,892.67 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 2,812,396,435.05 | 2,665,413,582.73 |
IIAdjustmentstotheFinancialStatements1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearofanyNewStandardsGoverningFinancialInstruments,RevenueorLeases√Applicable□NotapplicableConsolidatedbalancesheet
InRMB
| Items | December31,2018 | January1,2019 | Adjustment |
| Currentasset： | |||
| Monetaryfund | 2,124,524,996.32 | 2,124,524,996.32 | |
| Notesreceivable&accountreceivable | 91,076,995.07 | 91,076,995.07 | |
| Accountreceivable | 91,076,995.07 | 91,076,995.07 | |
| Prepayments | 1,912,943.40 | 1,912,943.40 | |
| Otheraccountreceivable | 16,487,256.02 | 16,487,256.02 | |
| Dividendreceivable | 1,205,472.90 | 1,205,472.90 | |
| Otheraccountreceivable | 15,281,783.12 | 15,281,783.12 | |
| Inventories | 81,017.91 | 81,017.91 | |
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 | |
| Totalofcurrentassets | 2,234,134,954.04 | 2,234,134,954.04 | |
| Non-currentassets： | |||
| Available-for-salefinancialassets | 1,668,791,594.53 | Notapplicable | |
| Longtermshareequityinvestment | 3,145,644,970.07 | 3,145,644,970.07 |
| Items | December31,2018 | January1,2019 | Adjustment |
| Otherequityinstrumentsinvestment | Notapplicable | 1,668,791,594.53 | |
| Propertyinvestment | 3,579,007.54 | 3,579,007.54 | |
| Fixedassets | 7,600,046,319.91 | 7,600,046,319.91 | |
| Including:Fixedassets | 7,600,046,319.91 | 7,600,046,319.91 | |
| Liquidationoffixedassets | |||
| Constructioninprogress | 1,089,473,425.63 | 1,089,473,425.63 | |
| Including:Constructioninprogress | 1,087,923,869.63 | 1,087,923,869.63 | |
| Engineeringmaterial | 1,549,556.00 | 1,549,556.00 | |
| Intangibleassets | 5,739,020.48 | 5,739,020.48 | |
| Long-germexpensestobeamortized | 1,221,781.88 | 1,221,781.88 | |
| Deferredtaxassets | 447,485,034.79 | 447,485,034.79 | |
| Othernon-currentasset | 99,794,665.58 | 99,794,665.58 | |
| Totalofnon-currentassets | 14,061,775,820.41 | 14,061,775,820.41 | |
| Totalofassets | 16,295,910,774.45 | 16,295,910,774.45 | |
| Currentliabilities | |||
| Notespayable&accountpayable | 203,779,190.74 | 203,779,190.74 | |
| Including:Notespayable | |||
| Accountpayable | 203,779,190.74 | 203,779,190.74 | |
| Advancepayment | 12,039,708.01 | 12,039,708.01 | |
| Employees’wagepayable | 13,122,437.17 | 13,122,437.17 | |
| Taxpayable | 104,198,746.06 | 104,198,746.06 | |
| Otheraccountpayable | 191,254,464.84 | 191,254,464.84 | |
| Including：Interestpayable | 8,971,576.57 | 8,971,576.57 | |
| Dividendpayable | 17,191,142.23 | 17,191,142.23 | |
| Otheraccountpayable | 165,091,746.04 | 165,091,746.04 | |
| Non-currentliabilityduewithin1year | 2,498,480,000.00 | 2,498,480,000.00 | |
| Totalofcurrentliability | 3,022,874,546.82 | 3,022,874,546.82 | |
| Non-currentliabilities： | |||
| Long-termloan | 2,983,040,000.00 | 2,983,040,000.00 | |
| Long-termpayable | 38,022,210.11 | 38,022,210.11 | |
| Including:Long-termpayable | 38,022,210.11 | 38,022,210.11 | |
| Specialpayable |
| Items | December31,2018 | January1,2019 | Adjustment |
| Deferredincometaxliability | 205,672,389.59 | 205,672,389.59 | |
| Totalnon-currentliabilities | 3,226,734,599.70 | 3,226,734,599.70 | |
| Totalofliability | 6,249,609,146.52 | 6,249,609,146.52 | |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Capitalreserves | 2,536,774,965.31 | 2,536,774,965.31 | |
| Othercomprehensiveincome | 245,109,114.81 | 245,109,114.81 | |
| Surplusreserves | 775,402,561.35 | 775,402,561.35 | |
| Retainedprofit | 3,938,609,136.59 | 3,938,609,136.59 | |
| Totalofowner’sequitybelongtotheparentcompany | 9,586,701,904.06 | 9,586,701,904.06 | |
| Minorityshareholders’equity | 459,599,723.87 | 459,599,723.87 | |
| Totalofowners’equity | 10,046,301,627.93 | 10,046,301,627.93 | |
| Totalofliabilitiesandowners’equity | 16,295,910,774.45 | 16,295,910,774.45 |
AdjustmentstatementAccordingtotheNo.22AccountingStandardsforBusinessEnterprises,theCompanydesignatestheformer“availablefinancialassetsforsale”as“financialassetsmeasuredatfairvalueandwhosechangesareincludedinothercomprehensiveincome”.ParentCompanyBalanceSheet
InRMB
| Items | December31,2018 | January1,2019 | Adjustment |
| Currentasset： | |||
| Monetaryfund | 2,096,597,568.04 | 2,096,597,568.04 | |
| Notesreceivable&accountreceivable | 18,405,847.15 | 18,405,847.15 | |
| Accountreceivable | 18,405,847.15 | 18,405,847.15 | |
| Prepayments | 1,532,057.82 | 1,532,057.82 | |
| Otheraccountreceivable | 9,323,782.66 | 9,323,782.66 | |
| Including：Interestreceivable | 1,880,148.12 | 1,880,148.12 | |
| Dividendreceivable | 1,205,472.90 | 1,205,472.90 | |
| Otheraccountreceivable | 6,238,161.64 | 6,238,161.64 | |
| Non-currentassetduewithin1year | 100,000,000.00 | 100,000,000.00 |
| Items | December31,2018 | January1,2019 | Adjustment |
| Totalofcurrentassets | 2,225,859,255.67 | 2,225,859,255.67 | |
| Non-currentassets： | |||
| Debtinvestment | Notapplicable | 692,903,684.98 | |
| Available-for-salefinancialassets | 1,668,791,594.53 | Notapplicable | |
| Longtermshareequityinvestment | 4,679,309,978.88 | 4,679,309,978.88 | |
| Otherequityinstrumentsinvestment | Notapplicable | 1,668,791,594.53 | |
| Propertyinvestment | 3,326,869.29 | 3,326,869.29 | |
| Fixedassets | 5,292,898,635.00 | 5,292,898,635.00 | |
| Including:Fixedassets | 5,292,898,635.00 | 5,292,898,635.00 | |
| Liquidationoffixedassets | |||
| Constructioninprogress | 1,060,230,773.10 | 1,060,230,773.10 | |
| Including:Constructioninprogress | 1,060,230,773.10 | 1,060,230,773.10 | |
| Engineeringmaterial | |||
| Intangibleassets | 1,741,277.53 | 1,741,277.53 | |
| Deferredtaxassets | 447,328,530.77 | 447,328,530.77 | |
| Othernon-currentasset | 790,720,727.48 | 97,817,042.50 | -692,903,684.98 |
| Totalofnon-currentassets | 13,944,348,386.58 | 13,944,348,386.58 | |
| Totalofassets | 16,170,207,642.25 | 16,170,207,642.25 | |
| Currentliabilities | |||
| Notespayable&Accountpayable | 124,833,335.72 | 124,833,335.72 | |
| Including:Notespayable | |||
| Accountpayable | 124,833,335.72 | 124,833,335.72 | |
| Employees’wagepayable | 5,669,203.37 | 5,669,203.37 | |
| Taxpayable | 10,297,144.52 | 10,297,144.52 | |
| Otheraccountpayable | 142,457,135.79 | 142,457,135.79 | |
| Including：Interestpayable | 8,373,096.36 | 8,373,096.36 | |
| Dividendpayable | 17,191,142.23 | 17,191,142.23 | |
| Otheraccountpayable | 116,892,897.20 | 116,892,897.20 | |
| Non-currentliabilityduewithin1year | 2,327,180,000.00 | 2,327,180,000.00 |
| Items | December31,2018 | January1,2019 | Adjustment |
| Othercurrentliability | 977,236,252.44 | 977,236,252.44 | |
| Totalofcurrentliability | 3,587,673,071.84 | 3,587,673,071.84 | |
| Non-currentliabilities： | |||
| Long-termloan | 2,731,990,000.00 | 2,731,990,000.00 | |
| Long-termpayable | 38,022,210.11 | 38,022,210.11 | |
| Including:Long-termpayable | 38,022,210.11 | 38,022,210.11 | |
| Specialpayable | |||
| Deferredincometaxliability | 88,220,604.00 | 88,220,604.00 | |
| TotalofNon-currentliabilities | 2,858,232,814.11 | 2,858,232,814.11 | |
| Totalofliability | 6,445,905,885.95 | 6,445,905,885.95 | |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Capitalreserves | 2,948,663,196.93 | 2,948,663,196.93 | |
| Othercomprehensiveincome | 245,109,114.81 | 245,109,114.81 | |
| Surplusreserves | 759,558,277.70 | 759,558,277.70 | |
| Retainedprofit | 3,680,165,040.86 | 3,680,165,040.86 | |
| Totalofowners’equity | 9,724,301,756.30 | 9,724,301,756.30 | |
| Totalofliabilitiesandowners’equity | 16,170,207,642.25 | 16,170,207,642.25 |
AdjustmentstatementAccordingtotheNo.22AccountingStandardsforBusinessEnterprises,theCompanydesignatestheformer“availablefinancialassetsforsale”as“financialassetsmeasuredatfairvalueandwhosechangesareincludedinothercomprehensiveincome”,andtheentrustedloansaccountedthrough“othernon-currentassets”areclassifiedas“financialassetsmeasuredatamortizedcost”,andit’sthrough“debtinvestment”.2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstExecutionofanyNewStandardsGoverningFinancialInstrumentsorLeases□Applicable√NotapplicableIII.Auditor’reportIstheFirstQuarterlyReportbeaudited?□Yes√NoTheFirstQuarterlyreportisnotaudited.