GuangdongProvincialExpresswayDevelopmentCo.，Ltd.
TheFirstQuarterlyReport2020
April2020
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） | 211,215,592.28 | 736,437,257.60 | -71.32% |
| Netprofitattributabletotheshareholdersofthelistedcompany（Yuan） | -70,094,226.94 | 354,064,646.18 | -119.80% |
| Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan） | -71,989,487.82 | 353,871,455.69 | -120.34% |
| Netcashgeneratedfrom/usedinoperatingactivities（Yuan） | 142,313,822.41 | 518,337,607.13 | -72.54% |
| Basicearningpershare(Yuan/Share) | -0.034 | 0.17 | -120% |
| Dilutedgainspershare(Yuan/Share) | -0.034 | 0.17 | -120% |
| Weightedaveragereturnonequity（%） | -0.72% | 3.61% | -4.33% |
| Endofthisperiod | Endoflastperiod | Changesofthisperiod-endoversameperiod-endoflastyear(%) | |
| Totalassets（Yuan） | 17,764,608,422.89 | 17,674,545,340.78 | 0.51% |
| Netassetsattributabletotheshareholdersofthelistedcompany（Yuan） | 9,620,855,660.12 | 9,823,426,849.75 | -2.06% |
Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Items | Amount(Year-beginningtotheendofthereportperiod.) | Notes |
| Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | 54,135.66 | |
| Governmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 634,569.81 | Stablepostallowance,maternityallowance |
| Othernon-businessincomeandexpendituresotherthantheabove | 2,469,693.04 | |
| Less:Influencedamountofincometax | 747,383.83 | |
| Influencedamountofminorshareholders’equity(aftertax) | 515,753.80 | |
| Total | 1,895,260.88 | -- |
ExplainthereasonsiftheCompanyclassifiesanitemasanextraordinarygain/lossaccordingtothedefinitionintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-ExtraordinaryGainsandLosses,orclassifiesanyextraordinarygain/lossitemmentionedinthesaidexplanatoryannouncementasarecurrentgain/lossitem.
□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecognizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.II.TotalShareholdersandSharesHeldbyTopTenShareholdersattheEndoftheReportingPeriod
1.AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders
Inshares
| Totalnumberofcommonshareholdersattheperiod-end | 54,195 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 | ||
| Sharesheldbythetop10shareholders | |||||
| Shareholdername | Propertiesof | Share | Quantity | Amountof | Pledgingorfreezing |
| shareholder | proportion% | tradableshareswithConditionalheld | Statusoftheshares | Quantity | ||
| GuangdongCommunicationGroupCo.,Ltd. | State-ownedlegalperson | 24.56% | 513,412,507 | 410,032,765 | ||
| GuangdongHighwayConstructionCo.,Ltd, | State-ownedlegalperson | 22.30% | 466,325,020 | |||
| YadongFuxingYalianInvestmentCo.,Ltd. | DomesticnonState-ownedLegalperson | 9.68% | 202,429,149 | |||
| TibetYingyueInvestmentManagementCo.,Ltd. | State-ownedlegalperson | 4.84% | 101,214,574 | |||
| GuangdongExpresswayCo.,Ltd. | State-ownedlegalperson | 2.53% | 52,937,491 | 19,582,228 | ||
| ChinaLifeInsuranceCo.,Ltd.－Dividend－Personaldividend-005L-FH002Shen | Other | 1.74% | 36,330,529 | |||
| ChinaLifeInsuranceCo.,Ltd.－Traditional－Commoninsuranceproducts-005L-CT001Shen | Other | 1.73% | 36,225,847 | |||
| OrientSecuritiesCo.,Ltd. | State-ownedlegalperson | 1.08% | 22,508,593 | |||
| FengWuchu | Domesticnaturalpersonshares | 0.93% | 19,545,052 | |||
| HongKongSecurities | Overseaslegalperson | 0.88% | 18,408,606 |
| ClearingCo.,Ltd. | ||||
| SharesheldbytheTop10ShareholdersofNon-restrictedshares | ||||
| Shareholders’Names | Numberofthenon-restrictedsharesheld | Sharetype | ||
| Sharetype | Quantity | |||
| GuangdongHighwayConstructionCo.,Ltd, | 466,325,020 | RMBCommonshares | 466,325,020 | |
| YadongFuxingYalianInvestmentCo.,Ltd. | 202,429,149 | RMBCommonshares | 202,429,149 | |
| GuangdongCommunicationGroupCo.,Ltd. | 103,379,742 | RMBCommonshares | 103,379,742 | |
| TibetYingyueInvestmentManagementCo.,Ltd. | 101,214,574 | RMBCommonshares | 101,214,574 | |
| ChinaLifeInsuranceCo.,Ltd.－Dividend－Personaldividend-005L-FH002Shen | 36,330,529 | RMBCommonshares | 36,330,529 | |
| ChinaLifeInsuranceCo.,Ltd.－Traditional－Commoninsuranceproducts-005L-CT001Shen | 36,225,847 | RMBCommonshares | 36,225,847 | |
| GuangdongExpresswayCo.,Ltd. | 33,355,263 | RMBCommonshares | 33,355,263 | |
| OrientSecuritiesCo.,Ltd. | 22,508,593 | RMBCommonshares | 22,508,593 | |
| FengWuchu | 19,545,052 | RMBCommonshares | 17,451,789 | |
| Foreignsharesplacedindomesticexchange | 2,093,263 | |||
| HongKongSecuritiesClearingCo.,Ltd. | 18,408,606 | RMBCommonshares | 18,408,606 | |
| Explanationonassociatedrelationshiporconcertedactionoftheaboveshareholders | GuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd.andGuangdongExpresswayCo.,Ltd.ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformationaboutChangeinShareholdingofShareholdersofListedCompanies. | |||
| Participationoftop10unconditionalcommonshareshareholdersinsecuritiesmargintrading(ifany) | Nil | |||
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhavea
buy-backagreementdealinginreportingperiod.
□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.
2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IIISignificantEventsI.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges
√Applicable□Notapplicable（I）Itemsofbalancesheetascomparedwiththebeginningofthisyear.
1.NotesreceivableandaccountreceivableAccountsreceivabledecreasedby45.61millionyuanand36.39%fromthebeginningoftheyear,mainlyduetothedecreaseintollincometobesplitbetweenGuangdongProvincialExpresswayDevelopmentCo.,Ltd.FokaiBranchandJingzhuExpresswayGuangzhuSectionCo.,Ltd.
2.ConstructioninprocessConstructioninprogressprojectsincludeconstructioninprogressandengineeringmaterials.Theconstructioninprogressincreasedby100.9millionyuanand44.04%comparedwiththebeginningoftheyear,mainlyduetotheinfluenceofthetransferofprojectfundsfromtheexpansionprojectofSanbaotoShuikousectionofFokaiExpressway.
3.Taxespayabledecreasedby55.91millionyuanand66.36%fromthebeginningoftheyear,mainlyduetothetaxesaccruedinthepreviousyearbyaffiliatedbranchesandsubsidiariesandthetaxesaccruedinthecurrentperiodaffectedbythenewcoronaviruspneumoniaepidemic.
4.Non-currentliabilitiesduewithinoneyeardecreasedby639.36millionyuanand80.34%fromthebeginningoftheyear,whichisthecombinedeffectofthecompany'srepaymentof625.35millionyuanofloansdue,long-termpayablesandreclassificationofaccounts.
5.Bondspayableincreasedby747.65millionyuanand110.25%,fromthebeginningoftheyear,whicharefive-yearmedium-termnotesissuedbythecompanyinMarch2020.
6.Othercomprehensiveincomedecreasedby136.43millionyuanand35.70%fromthebeginningoftheyear,
whichisthecombinedeffectoftheparentcompany'sconfirmationofchangesinthefairvalueofsharesofChinaEverbrightBankCorporationLimitedandconfirmationofchangesinothercomprehensiveincomeofGuoyuanSecuritiesCorporationLimitedbyshareratio.(II)Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear
1.Operatingincomedecreasedby525.22millionyuanand71.32%yearonyear,Mainlyduetothefollowingfactors:.(1)Duetothesuddennewcoronaryviruspneumoniaepidemic,theperiodofexemptingthe
tollfeeforsmallpassengercarsduringthe2020ChineseNewYearholiday(January24-January30)wasextendedtoFebruary8;(2)Thedocument-NoticeoftheMinistryofTransportonToll-freeofHighwayVehicleTollsduringthePreventionandControlofNewCoronaryPneumoniaEpidemic(No.62-[2020]MinistryofTransport)stipulatesthat:From0:00onFebruary17,2020totheendoftheepidemicpreventionandcontrolwork,thetollfeesforvehiclesonroadsacrossthecountrypreviouslytollchargedshallbeexempted;(3)ETCimplementsthenewpreferentialpolicy,whichisadjustedfrom98%to95%.
2.Operatingcostsdecreasedby42.89millionyuanand16.63%yearonyear.Themainreasonisthatthecompanyineachsectioniscurrentlyinthefreeexpresswayperiodfornewcoronaviruspneumoniaepidemicpreventionandcontrol.Thecompanyineachsectionadoptsthepredictedvehicleflowtoaccruedepreciationandadopts2019versionofpredictedvehicleflowasdepreciationbasisforFokaiBranchandJingzhuExpresswayGuangzhusectioncompanyfromJanuary1,2020.
3..Invesementincomedecreasedby114.15millionyuanand95.24%yearonyear,Themainreasonisthatmostofthecompaniesthatourcompanyparticipatesarehighwayenterprises.Affectedbythenewcoronavirus
pneumoniaepidemicandtollfreeduringtheepidemicpreventionandcontrolperiod,thecompanyconfirmsthattheinvestmentincomeofthecompaniesthatourcompanyparticipatesdecreasesyearonyearaccordingtotheproportionofsharesheld.
4.Incometaxdecreasedby118.04millionyuanand123.00%yearonyear,Themainreasonsareasfollows:
Firstly,thetotalprofitofFokaiBranchhasdecreased,anddeferredincometaxassetswithunrecoveredlosseshavebeenrecognizedasaresultofconsolidatedtaxpaymentbythebranch.Thecurrentyear-on-yeardecreaseinincometaxis51.31millionyuan;Secondly,thetotalprofitofGuangzhou-FoshanExpresswayCo.,Ltd.andGuangzhuSectionofJiangzhuExpresswayCo.,Ltd.decreased,withayear-on-yearreductioninincometaxexpenseof66.73millionyuan.
5.Thenetprofitattributabletotheowneroftheparentcompanydecreasedby424.16millionyuanand
119.80%yearonyear,mainlyduetothecombinedeffectsoftheabovefactors.(III)Notesofmainitemsofcashflowstatement
1.Cashreceivedfromsalesofgoodsorrendingofservicesdecreasedby490.67millionyuandn66.43%yearonyear,duetothesuddennewcoronaryviruspneumoniaepidemic,theperiodofexemptingthetollfeeforsmallpassengercarsduringthe2020ChineseNewYearholiday(January24-January30)wasextendedtoFebruary8From0:00onFebruary17,2020totheendoftheepidemicpreventionandcontrolwork,thetollfeesforvehiclesonroadsacrossthecountrypreviouslytollchargedshallbeexempted.
2.Othercashpaidforbusinessactivitiesincreasedby54.48millionyuanand666.01%,ThisismainlybecauseFokaiBranch,GuangfoExpresswayCo.,Ltd.andJingzhuExpresswayGuangzhuSectionCompanyhavereceived35.41millionyuaninsubsidiesforcancelingprovincialtollstations.
3.Cashpaidforpurchasingofmerchandiseandservices,Themainaccountingpaymentofspecialprojects,maintenancecostsandnetworkingfees,etc.Thisperiodwitnessedayear-on-yeardecreaseof21.39millionyuanand41.02%,mainlyduetotheyear-on-yeardecreaseinprojectfundspaidbyFokaiBranch,GuangfoExpresswayCo.,Ltd.andJingzhuExpresswayGuangzhuSectionCompany.
4.Cashreceivedfrominvestmentretrievingdecreasedby47.18millionyuanand60.10%yearonyear,mainlyduetoadecreaseincashdividendsofZhaoqingYuezhaoHighwayCo.,Ltd.
5.Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassetsdecreasedby132.2millionyuandn45.35%yearonyear,ItismainlybecausethemainlineofthereconstructionandexpansionprojectofSanbao-ShuikousectionofFokaiBranchhasbeencompletedandopenedtotraffic,andtheamountofprogresspaymenthasbeenreduced.
6.Cashtorepaydebtsdecreasedby316.55millionyuanand33.62%yearonyear,Thereasonisthattheparentcompany'sloanrepaymentinthisperioddecreasedby280.9millionyuanyearonyear,andtheloanrepaymentinthisperiodofJingzhuExpresswayGuangzhuSectionCo.,Ltd.decreasedby35.65millionyuanyearonyear.II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.
√Applicable□Notapplicable
TheMinistryofTransportationissuedtheNnoticeoftheMinistryofTransportationonWaivingTollsforTollRoadsDuringthePreventionandControlPeriod(hereinafterreferredtoastheNotice)onFebruary15,2020.AccordingtotherequirementsoftheNotice,from00:00onFebruary17,2020untiltheendoftheepidemicpreventionandcontrol,allexpresswayscontrolledandsharedbythecompanywillbefreeofvehicletollsforallvehiclesthatpassthroughthesesectionsaccordingtolaw,andthespecificdeadlinewillbenotifiedseparately.
Suspensionofvehicletollsisexpectedtoadverselyaffectthecompany'sshort-termoperatingresults.Asofthedisclosuredateofthisreport,thetimeforresumingthecollectionofvehicletollshasnotyetbeendetermined,Relatedsupportingpolicieswillbeissuedseparately.Thecompanywillactivelyrespondanddoitsbesttomitigatetheadverseimpactoftheepidemiconthecompany.Onthebasisofstrictepidemicpreventionandcontrolandensuringsmoothtrafficflow,thecompanystrictlycontrolledthecostandactivelystrivedforreasonablepolicysupport.Infact,thecompanyhasdonethefollowingworkwelltomakesufficientpreparationsforrestartingthechargingbusinessandacceleratingthedevelopmentaftertheepidemicpreventionandcontrolworkiscompleted.Progressintheimplementationofsharerepurchase
□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding
□Applicable√NotapplicableIII.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod
□Applicable√NotapplicableThecompanyhasnocommitmentscompletedinperiodandthosewithoutcompletedtilllendoftheperiodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies.
IV.Investmentinsecurities
√Applicable□Notapplicable
InRMB
| Securitycategory | Securitycode | StockAbbreviation: | Initialinvestmentcost | Modeofaccountingmeasurement | Bookvaluebalanceatthebeginningofthereportingperiod | Changesinfairvalueofthethisperiod | Cumulativefairvaluechangesinequity | Purchaseamountinthethisperiod | Saleamountinthethisperiod | Gain/lossofthereportingperiod | Bookvaluebalanceattheendofthereportingperiod | Accountingitems | Sourceoftheshares |
| Domesticandforeignstocks | 601818 | ChinaEverbrightBank | 517,560,876.80 | FVM | 1,037,474,303.04 | 0.00 | 331,709,471.04 | 0.00 | 0.00 | 0.00 | 849,270,347.84 | Investmentinotherequityinstruments | Selffund |
| Total | 517,560,876.80 | -- | 1,037,474,303.04 | 0.00 | 331,709,471.04 | 0.00 | 0.00 | 0.00 | 849,270,347.84 | -- | -- | ||
| DisclosuredateforthenoticeofapprovalbytheBoard(Ifany) | July22,2009 | ||||||||||||
| Disclosuredateforthenoticeofapprovalbyshareholders’Meeting(Ifany) | August7,2009 | ||||||||||||
V.EntrustedFinancialManagement
□Applicable√NotapplicableThereisnoEntrustedFinancialManagementduringthereportperiod.VI.Investmentinderivatives
□Applicable√NotapplicableThereisnoderivativeinvestmentduringthereportperiod.VII.Theregistrationformofacceptanceofinvestigation,communicationandinterviewinthereportperiodforfuturereference
□Applicable√NotapplicableThePeriodhasnoresearch,communicationandwritteninquiryfromtheinvestorsinthereportperiod.
VIII.Externalguaranteegetoutofline
□Applicable√NotapplicableTheCompanyhasnoexternalguaranteegetoutofthelineinthePeriodIX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany
□Applicable√NotapplicableTherearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod
IV.FinancialStatementI.Financialstatement
1.ConsolidatedbalancesheetPreparedby：GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
March31,2020
InRMB
| Items | March31,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 3,207,183,328.94 | 2,817,920,894.50 |
| Settlementprovision | ||
| Outgoingcallloan | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 81,940,551.16 | 125,343,724.66 |
| Financingreceivable | ||
| Prepayments | 10,910,436.29 | 10,894,246.41 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 16,701,798.64 | 26,618,178.57 |
| Including：Interestreceivable | ||
| Dividendreceivable | 1,205,472.90 | 7,205,472.90 |
| Repurchasingoffinancialassets | ||
| Inventories | 111,683.22 | 111,683.22 |
| Contractassets | 5,095,277.77 | |
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 |
| Othercurrentasset | ||
| Totalofcurrentassets | 3,321,994,821.34 | 2,980,940,472.68 |
| Non-currentassets： | ||
| Loansandpaymentonother’sbehalfdisbursed |
| Items | March31,2020 | December31,2019 |
| Creditor'sInvestment | ||
| OtherCreditor'sInvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 3,244,958,991.90 | 3,255,739,898.36 |
| Otherequityinstrumentsinvestment | 1,647,618,649.57 | 1,835,822,604.77 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 3,276,220.75 | 3,331,500.37 |
| Fixedassets | 8,766,501,362.25 | 8,925,700,473.65 |
| Constructioninprogress | 329,998,673.90 | 229,098,299.48 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 5,899,225.58 | 6,393,895.17 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 1,114,764.44 | 1,114,764.44 |
| Deferredincometaxasset | 411,904,538.16 | 385,494,106.13 |
| Othernon-currentasset | 31,341,175.00 | 50,909,325.73 |
| Totalofnon-currentassets | 14,442,613,601.55 | 14,693,604,868.10 |
| Totalofassets | 17,764,608,422.89 | 17,674,545,340.78 |
| Currentliabilities | ||
| Short-termloans | 250,000,000.00 | |
| LoanfromCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 219,443,159.02 | 290,657,734.31 |
| Advancereceipts | 13,008,000.22 | 15,605,094.69 |
| Contractliabilities | 2,787,610.63 | |
| Sellingofrepurchasedfinancialassets | ||
| Deposittakingandinterbankdeposit | ||
| Entrustedtradingofsecurities |
| Items | March31,2020 | December31,2019 |
| Entrustedsellingofsecurities | ||
| Employees’wagepayable | 19,648,713.12 | 14,822,524.70 |
| Taxpayable | 28,348,082.08 | 84,257,586.94 |
| Otheraccountpayable | 605,596,839.14 | 626,180,586.92 |
| Including：Interestpayable | ||
| Dividendpayable | 20,020,119.31 | 20,020,119.31 |
| Otherpayable | 585,576,719.83 | 606,160,467.61 |
| Feesandcommissionspayable | ||
| Reinsurancefeepayable | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 156,497,285.01 | 795,861,958.07 |
| Othercurrentliability | 96,959.93 | 189,628.17 |
| Totalofcurrentliability | 1,295,426,649.15 | 1,827,575,113.80 |
| Non-currentliabilities： | ||
| Reservefundforinsurancecontracts | ||
| Long-termloan | 4,724,660,000.00 | 4,640,425,000.00 |
| Bondpayable | 1,425,779,626.12 | 678,124,972.89 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 41,138,247.84 | 39,369,379.91 |
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 35,416,900.00 | |
| Deferredincometaxliability | 192,796,146.59 | 238,453,976.29 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 6,419,790,920.55 | 5,596,373,329.09 |
| Totalofliability | 7,715,217,569.70 | 7,423,948,442.89 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock |
| Items | March31,2020 | December31,2019 |
| Sustainabledebt | ||
| Capitalreserves | 2,566,524,645.31 | 2,562,570,465.31 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 245,762,202.21 | 382,193,344.90 |
| Specialreserve | ||
| Surplusreserves | 910,425,068.90 | 910,425,068.90 |
| Commonriskprovision | ||
| Retainedprofit | 3,807,337,617.70 | 3,877,431,844.64 |
| Totalofowner’sequitybelongtotheparentcompany | 9,620,855,660.12 | 9,823,426,849.75 |
| Minorityshareholders’equity | 428,535,193.07 | 427,170,048.14 |
| Totalofowners’equity | 10,049,390,853.19 | 10,250,596,897.89 |
| Totalofliabilitiesandowners’equity | 17,764,608,422.89 | 17,674,545,340.78 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
2.ParentCompanyBalanceSheet
InRMB
| Items | March31,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 3,163,620,290.14 | 2,791,384,501.78 |
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 21,864,051.27 | |
| Financingreceivable | ||
| Prepayments | 1,871,208.06 | 1,737,598.88 |
| Otheraccountreceivable | 9,263,878.95 | 13,435,651.19 |
| Including：Interestreceivable | ||
| Dividendreceivable | 1,205,472.90 | 7,205,472.90 |
| Otherreceivable | 8,058,406.05 | 6,230,178.29 |
| Inventories | ||
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 164,982,252.56 | 151,637,139.08 |
| Othercurrentasset | ||
| Totalofcurrentassets | 3,339,737,629.71 | 2,980,058,942.20 |
| Non-currentassets： | ||
| Creditor'srightinvestment | 537,903,684.98 | 537,903,684.98 |
| OtherCreditor'srightinvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 4,778,624,000.71 | 4,789,404,907.17 |
| Otherequityinstrumentsinvestment | 1,647,618,649.57 | 1,835,822,604.77 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 3,024,082.50 | 3,079,362.12 |
| Fixedassets | 6,696,160,197.05 | 6,818,701,482.08 |
| Constructioninprogress | 147,137,194.70 | 46,952,925.08 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets |
| Items | March31,2020 | December31,2019 |
| Intangibleassets | 2,350,441.04 | 2,533,878.12 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | ||
| Deferredincometaxasset | 411,722,506.14 | 385,296,935.33 |
| Othernon-currentasset | 17,297,114.17 | 36,901,029.57 |
| Totalofnon-currentassets | 14,241,837,870.86 | 14,456,596,809.22 |
| Totalofassets | 17,581,575,500.57 | 17,436,655,751.42 |
| Currentliabilities | ||
| Short-termloans | 250,000,000.00 | |
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 133,476,829.30 | 129,930,285.56 |
| Advancereceipts | ||
| ContractLiabilities | ||
| Employees’wagepayable | 5,892,751.84 | 6,340,740.61 |
| Taxpayable | 1,888,703.95 | 8,704,510.83 |
| Otheraccountpayable | 561,437,707.65 | 582,131,356.01 |
| Including：Interestpayable | ||
| Dividendpayable | 20,020,119.31 | 20,020,119.31 |
| Otherpayable | 541,417,588.34 | 562,111,236.70 |
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 124,021,209.32 | 744,589,133.72 |
| Othercurrentliability | 848,674,656.72 | 821,133,339.57 |
| Totalofcurrentliability | 1,925,391,858.78 | 2,292,829,366.30 |
| Non-currentliabilities： | ||
| Long-termloan | 4,243,630,000.00 | 4,243,730,000.00 |
| Bondpayable | 1,425,779,626.12 | 678,124,972.89 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | 41,138,247.84 | 39,369,379.91 |
| Items | March31,2020 | December31,2019 |
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 16,138,700.00 | |
| Deferredincometaxliability | 82,927,367.76 | 129,978,356.56 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 5,809,613,941.72 | 5,091,202,709.36 |
| Totalofliability | 7,735,005,800.50 | 7,384,032,075.66 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 2,978,412,876.93 | 2,974,458,696.93 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 245,762,202.21 | 382,193,344.90 |
| Specialreserve | ||
| Surplusreserves | 894,580,785.25 | 894,580,785.25 |
| Retainedprofit | 3,637,007,709.68 | 3,710,584,722.68 |
| Totalofowners’equity | 9,846,569,700.07 | 10,052,623,675.76 |
| Totalofliabilitiesandowners’equity | 17,581,575,500.57 | 17,436,655,751.42 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
3.ConsolidatedIncomestatement
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Incomefromthekeybusiness | 211,215,592.28 | 736,437,257.60 |
| Including：Businessincome | 211,215,592.28 | 736,437,257.60 |
| Interestincome | ||
| Insurancefeeearned | ||
| Feeandcommissionreceived | ||
| II.Totalbusinesscost | 310,872,891.11 | 352,232,513.86 |
| Including：Businesscost | 214,952,514.53 | 257,839,452.31 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Netamountofwithdrawalofinsurancecontractreserve | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 1,411,031.51 | 3,168,467.28 |
| Salesexpense | ||
| Administrativeexpense | 33,888,825.63 | 36,707,007.01 |
| R&Dcosts | ||
| Financialexpenses | 60,620,519.44 | 54,517,587.26 |
| Including：Interestexpense | 67,218,676.58 | 58,652,879.99 |
| Interestincome | 7,404,419.59 | 5,041,225.60 |
| Add：Otherincome | 634,569.81 | 115,533.91 |
| Investmentgain（“-”forloss） | 5,699,699.42 | 119,851,621.21 |
| Including:investmentgainsfromaffiliates | 5,259,044.40 | 119,198,798.96 |
| Terminationofrecognitionofgainsonfinancialassetsatamortizedcost | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| Lossofcreditimpairment | ||
| Impairmentlossesonassets | ||
| Incomeondisposalofassets | 4.37 | |
| III.Operationalprofit（“-”forloss） | -93,323,025.23 | 504,171,898.86 |
| Add：Non-operationalincome | 2,675,740.31 | 332,608.56 |
| Less:Non-operatingexpense | 151,915.98 | 190,851.47 |
| IV.Totalprofit(“-”forloss) | -90,799,200.90 | 504,313,655.95 |
| Less：Incometaxexpenses | -22,070,118.89 | 95,971,634.16 |
| V.Netprofit | -68,729,082.01 | 408,342,021.79 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | -68,729,082.01 | 408,342,021.79 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| Netprofitattributabletotheownersofparentcompany | -70,094,226.94 | 354,064,646.18 |
| Minorityshareholders’equity | 1,365,144.93 | 54,277,375.61 |
| VI.Netafter-taxofothercomprehensiveincome | -136,431,142.69 | 70,193,314.91 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | -136,431,142.69 | 70,193,314.91 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -141,152,966.40 | 70,576,483.20 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -141,152,966.40 | 70,576,483.20 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | 4,721,823.71 | -383,168.29 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | 4,721,823.71 | -383,168.29 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | -205,160,224.70 | 478,535,336.70 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | -206,525,369.63 | 424,257,961.09 |
| Totalcomprehensiveincomeattributableminorityshareholders | 1,365,144.93 | 54,277,375.61 |
| VIII.Earningspershare | ||
| （I）Basicearningspershare | -0.03 | 0.17 |
| (II)Dilutedearningspershare | -0.03 | 0.17 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPerson-in-chargeoftheaccountingwork：FangZhi
Person-in-chargeoftheaccountingorgan：ZhouFang
4.IncomestatementoftheParentCompany
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Revenue | 96,834,013.49 | 324,156,876.46 |
| Including：Businesscost | 138,349,439.05 | 151,217,612.97 |
| Businesstaxandsurcharge | 982,137.56 | 1,724,079.25 |
| Salesexpense | ||
| Administrativeexpense | 19,008,010.33 | 20,909,420.29 |
| R&Dcosts | ||
| Financialexpenses | 57,156,264.13 | 50,832,482.65 |
| Including：Interestexpenses | 64,517,846.96 | 55,840,761.99 |
| Interestincome | 7,384,203.28 | 5,026,938.55 |
| Add:Otherincome | 251,296.73 | |
| Investmentgain（“-”forloss） | 18,442,347.73 | 119,851,621.21 |
| Including:investmentgainsfromaffiliates | 5,259,044.40 | 119,198,798.96 |
| Terminationofrecognitionofgainsonfinancialassetsatamortizedcost | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | ||
| Assetimpairmentloss | ||
| Incomeondisposalofassets | 4.37 | |
| II.Operationalprofit（“-”forloss） | -99,968,188.75 | 219,324,902.51 |
| Add：Non-operationalincome | 67,487.91 | 111,869.48 |
| Less：Non-operationalexpenses | 101,882.97 | 35,895.17 |
| III.Totalprofit(“-”forloss) | -100,002,583.81 | 219,400,876.82 |
| Less：Incometaxexpenses | -26,425,570.81 | 24,887,313.90 |
| IV.Netprofit | -73,577,013.00 | 194,513,562.92 |
| 1.Netcontinuingoperatingprofit | -73,577,013.00 | 194,513,562.92 |
| 2.Terminationofoperatingnetprofit | ||
| V.Netafter-taxofothercomprehensiveincome | -136,431,142.69 | 70,193,314.91 |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -141,152,966.40 | 70,576,483.20 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -141,152,966.40 | 70,576,483.20 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | 4,721,823.71 | -383,168.29 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | 4,721,823.71 | -383,168.29 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| VI.Totalcomprehensiveincome | -210,008,155.69 | 264,706,877.83 |
| VII.Earningspershare | ||
| （I）Basicearningspershare | ||
| (II)Dilutedearningspershare |
LegalRepresentative:ZhengRenfa
GeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
5.ConsolidatedCashflowstatement
InRMB
| Items | Reportperiod | Sameperiodofthepreviousyear |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 247,991,044.46 | 738,658,072.58 |
| Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
| Netincreaseofloansfromcentralbank | ||
| Netincreaseofinter-bankloansfromotherfinancialbodies | ||
| Cashreceivedagainstoriginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofclientdepositandinvestment | ||
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofinter-bankfundreceived | ||
| Netincreaseofrepurchasingbusiness | ||
| Netcashreceivedbyagentinsecuritiestrading | ||
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 62,657,171.96 | 8,177,214.62 |
| Sub-totalofcashinflow | 310,648,216.42 | 746,835,287.20 |
| Cashpaidforpurchasingofmerchandiseandservices | 30,752,706.57 | 52,141,942.34 |
| Netincreaseofclienttradeandadvance |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| Netincreaseofsavingsincentralbankandbrothercompany | ||
| Cashpaidfororiginalcontractclaim | ||
| NetincreaseforOutgoingcallloan | ||
| Cashpaidforinterest,processingfeeandcommission | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtostaffsorpaidforstaffs | 68,502,304.72 | 73,711,658.04 |
| Taxespaid | 62,705,913.66 | 82,310,582.56 |
| Othercashpaidforbusinessactivities | 6,373,469.06 | 20,333,497.13 |
| Sub-totalofcashoutflowfrombusinessactivities | 168,334,394.01 | 228,497,680.07 |
| Netcashgeneratedfrom/usedinoperatingactivities | 142,313,822.41 | 518,337,607.13 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | ||
| Cashreceivedasinvestmentgains | 31,318,703.34 | 78,499,342.80 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 6,300.00 | 31,580.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | ||
| Sub-totalofcashinflowduetoinvestmentactivities | 31,325,003.34 | 78,530,922.80 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 159,341,895.02 | 291,544,023.52 |
| Cashpaidasinvestment | ||
| Netincreaseofloanagainstpledge | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowdueto | 159,341,895.02 | 291,544,023.52 |
| Items | Reportperiod | Sameperiodofthepreviousyear |
| investmentactivities | ||
| Netcashflowgeneratedbyinvestment | -128,016,891.68 | -213,013,100.72 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Including:Cashreceivedasinvestmentfromminorshareholders | ||
| Cashreceivedasloans | 1,060,000,000.00 | 1,410,000,000.00 |
| Otherfinancing–relatedcashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 1,060,000,000.00 | 1,410,000,000.00 |
| Cashtorepaydebts | 625,100,000.00 | 941,650,000.00 |
| Cashpaidasdividend,profit,orinterests | 59,184,496.29 | 64,965,149.34 |
| Including:Dividendandprofitpaidbysubsidiariestominorshareholders | ||
| Othercashpaidforfinancingactivities | 750,000.00 | 791,384.00 |
| Sub-totalofcashoutflowduetofinancingactivities | 685,034,496.29 | 1,007,406,533.34 |
| Netcashflowgeneratedbyfinancing | 374,965,503.71 | 402,593,466.66 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 389,262,434.44 | 707,917,973.07 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 2,816,699,694.50 | 2,123,303,796.32 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 3,205,962,128.94 | 2,831,221,769.39 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
6.CashFlowStatementoftheParentCompany
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 113,507,357.25 | 317,930,569.57 |
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 86,723,417.53 | 227,481,382.77 |
| Sub-totalofcashinflow | 200,230,774.78 | 545,411,952.34 |
| Cashpaidforpurchasingofmerchandiseandservices | 3,452,081.46 | 6,738,037.43 |
| Cashpaidtostaffsorpaidforstaffs | 26,023,676.00 | 27,527,028.50 |
| Taxespaid | 9,893,866.80 | 13,682,757.81 |
| Othercashpaidforbusinessactivities | 30,499,503.45 | 25,373,283.31 |
| Sub-totalofcashoutflowfrombusinessactivities | 69,869,127.71 | 73,321,107.05 |
| Netcashgeneratedfrom/usedinoperatingactivities | 130,361,647.07 | 472,090,845.29 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | ||
| Cashreceivedasinvestmentgains | 31,318,703.34 | 78,499,342.80 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 6,300.00 | 3,700.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | 213,750.00 | |
| Sub-totalofcashinflowduetoinvestmentactivities | 31,325,003.34 | 78,716,792.80 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 104,578,459.51 | 276,927,693.99 |
| Cashpaidasinvestment | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits |
| Items | Amountinthisperiod | Amountinlastperiod |
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 104,578,459.51 | 276,927,693.99 |
| Netcashflowgeneratedbyinvestment | -73,253,456.17 | -198,210,901.19 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Cashreceivedasloans | 1,000,000,000.00 | 1,410,000,000.00 |
| Otherfinancing–relatedashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 1,000,000,000.00 | 1,410,000,000.00 |
| Cashtorepaydebts | 625,100,000.00 | 906,000,000.00 |
| Cashpaidasdividend,profit,orinterests | 59,022,402.54 | 60,068,493.09 |
| Othercashpaidforfinancingactivities | 750,000.00 | 791,384.00 |
| Sub-totalofcashoutflowduetofinancingactivities | 684,872,402.54 | 966,859,877.09 |
| Netcashflowgeneratedbyfinancing | 315,127,597.46 | 443,140,122.91 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 372,235,788.36 | 717,020,067.01 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 2,790,163,301.78 | 2,095,376,368.04 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 3,162,399,090.14 | 2,812,396,435.05 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：FangZhiAccountingDeptLeader:ZhouFang
IIAdjustmentstotheFinancialStatements
1.Adjustmentoftherelevantitemsofthefinancialstatementsatthecurrentyearbeginningaccordingtothenewstandardsforfinancialinstruments,thenewstandardsforrevenuesandthenewstandardsforleaseimplementedcommencingfromyear2020
√Applicable□NotapplicableConsolidatedbalancesheet
InRMB
| Items | December31,2019 | January1,2020 | Adjustment |
| Currentasset： | |||
| Monetaryfund | 2,817,920,894.50 | 2,817,920,894.50 | |
| Accountreceivable | 125,343,724.66 | 127,694,377.99 | 2,350,653.33 |
| Prepayments | 10,894,246.41 | 10,894,246.41 | |
| Otheraccountreceivable | 26,618,178.57 | 19,172,247.47 | -7,445,931.10 |
| Dividendreceivable | 7,205,472.90 | 7,205,472.90 | |
| Inventories | 111,683.22 | 111,683.22 | |
| Contractassets | 5,095,277.77 | 5,095,277.77 | |
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 | |
| Totalofcurrentassets | 2,980,940,472.68 | 2,980,940,472.68 | |
| Non-currentassets： | |||
| Long-termequityinvestment | 3,255,739,898.36 | 3,255,739,898.36 | |
| Otherequityinstrumentsinvestment | 1,835,822,604.77 | 1,835,822,604.77 | |
| Propertyinvestment | 3,331,500.37 | 3,331,500.37 | |
| Fixedassets | 8,925,700,473.65 | 8,925,700,473.65 | |
| Constructioninprogress | 229,098,299.48 | 229,098,299.48 | |
| Intangibleassets | 6,393,895.17 | 6,393,895.17 | |
| Long-termexpensestobeamortized | 1,114,764.44 | 1,114,764.44 | |
| Deferredtaxassets | 385,494,106.13 | 385,494,106.13 | |
| Othernon-currentasset | 50,909,325.73 | 50,909,325.73 | |
| Totalofnon-currentassets | 14,693,604,868.10 | 14,693,604,868.10 | |
| Totalofassets | 17,674,545,340.78 | 17,674,545,340.78 |
| Items | December31,2019 | January1,2020 | Adjustment |
| Currentliabilities | |||
| Accountpayable | 290,657,734.31 | 290,657,734.31 | |
| Advancepayment | 15,605,094.69 | 12,817,484.06 | -2,787,610.63 |
| Contractliabilities | 2,787,610.63 | 2,787,610.63 | |
| Employees’wagepayable | 14,822,524.70 | 14,822,524.70 | |
| Taxpayable | 84,257,586.94 | 84,257,586.94 | |
| Otheraccountpayable | 626,180,586.92 | 626,180,586.92 | |
| Dividendpayable | 20,020,119.31 | 20,020,119.31 | |
| Non-currentliabilityduewithin1year | 795,861,958.07 | 795,861,958.07 | |
| Othercurrentliability | 189,628.17 | 189,628.17 | |
| Totalofcurrentliability | 1,827,575,113.80 | 1,827,575,113.80 | |
| Non-currentliabilities： | |||
| Long-termloan | 4,640,425,000.00 | 4,640,425,000.00 | |
| Bondpayable | 678,124,972.89 | 678,124,972.89 | |
| Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
| Deferredincometaxasset | 238,453,976.29 | 238,453,976.29 | |
| Totalofcurrentliability | 5,596,373,329.09 | 5,596,373,329.09 | |
| Non-currentliabilities： | 7,423,948,442.89 | 7,423,948,442.89 | |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Capitalreserves | 2,562,570,465.31 | 2,562,570,465.31 | |
| Othercomprehensiveincome | 382,193,344.90 | 382,193,344.90 | |
| Surplusreserves | 910,425,068.90 | 910,425,068.90 | |
| Retainedprofit | 3,877,431,844.64 | 3,877,431,844.64 | |
| Totalofowner’sequitybelongtotheparentcompany | 9,823,426,849.75 | 9,823,426,849.75 | |
| Minorityshareholders’equity | 427,170,048.14 | 427,170,048.14 | |
| Totalofowners’equity | 10,250,596,897.89 | 10,250,596,897.89 | |
| Totalofliabilitiesandowners’equity | 17,674,545,340.78 | 17,674,545,340.78 |
Adjustmentstatement
ParentCompanyBalanceSheet
InRMB
| Items | December31,2019 | January1,2020 | Adjustment |
| Currentasset： | |||
| Monetaryfund | 2,791,384,501.78 | 2,791,384,501.78 | |
| Accountpayable | 21,864,051.27 | 21,864,051.27 | |
| Prepayments | 1,737,598.88 | 1,737,598.88 | |
| Otheraccountreceivable | 13,435,651.19 | 13,435,651.19 | |
| Dividendreceivable | 7,205,472.90 | 7,205,472.90 | |
| Non-currentassetduewithin1year | 151,637,139.08 | 151,637,139.08 | |
| Totalofcurrentassets | 2,980,058,942.20 | 2,980,058,942.20 | |
| Non-currentassets： | |||
| Creditor'srightsinvestment | 537,903,684.98 | 537,903,684.98 | |
| Longtermshareequityinvestment | 4,789,404,907.17 | 4,789,404,907.17 | |
| Otherequityinstrumentsinvestment | 1,835,822,604.77 | 1,835,822,604.77 | |
| Propertyinvestment | 3,079,362.12 | 3,079,362.12 | |
| Fixedassets | 6,818,701,482.08 | 6,818,701,482.08 | |
| Constructioninprogress | 46,952,925.08 | 46,952,925.08 | |
| Intangibleassets | 2,533,878.12 | 2,533,878.12 | |
| Deferredtaxassets | 385,296,935.33 | 385,296,935.33 | |
| Othernon-currentasset | 36,901,029.57 | 36,901,029.57 | |
| Totalofnon-currentassets | 14,456,596,809.22 | 14,456,596,809.22 | |
| Totalofassets | 17,436,655,751.42 | 17,436,655,751.42 | |
| Currentliabilities | |||
| Accountpayable | 129,930,285.56 | 129,930,285.56 | |
| Employees’wagepayable | 6,340,740.61 | 6,340,740.61 | |
| Taxpayable | 8,704,510.83 | 8,704,510.83 | |
| Otheraccountpayable | 582,131,356.01 | 582,131,356.01 | |
| Dividendpayable | 20,020,119.31 | 20,020,119.31 | |
| Non-currentliabilityduewithin1year | 744,589,133.72 | 744,589,133.72 |
| Items | December31,2019 | January1,2020 | Adjustment |
| Othercurrentliability | 821,133,339.57 | 821,133,339.57 | |
| Totalofcurrentliability | 2,292,829,366.30 | 2,292,829,366.30 | |
| Non-currentliabilities： | |||
| Long-termloan | 4,243,730,000.00 | 4,243,730,000.00 | |
| Bondpayable | 678,124,972.89 | 678,124,972.89 | |
| Long-termpayable | 39,369,379.91 | 39,369,379.91 | |
| Deferredincometaxliability | 129,978,356.56 | 129,978,356.56 | |
| TotalofNon-currentliabilities | 5,091,202,709.36 | 5,091,202,709.36 | |
| Totalofliability | 7,384,032,075.66 | 7,384,032,075.66 | |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Capitalreserves | 2,974,458,696.93 | 2,974,458,696.93 | |
| Othercomprehensiveincome | 382,193,344.90 | 382,193,344.90 | |
| Surplusreserves | 894,580,785.25 | 894,580,785.25 | |
| Retainedprofit | 3,710,584,722.68 | 3,710,584,722.68 | |
| Totalofowners’equity | 10,052,623,675.76 | 10,052,623,675.76 | |
| Totalofliabilitiesandowners’equity | 17,436,655,751.42 | 17,436,655,751.42 |
Adjustmentstatement
2.Notetotheretroactiveadjustmentofthepreviouscomparativedataaccordingtothenewstandardsforfinancialinstrumentsandthenewstandardsforleaseimplementedcommencingfromyear2020
√Applicable□NotapplicableOnJuly5,2017,theMinistryofFinanceissuedtheNoticeonRevisingandIssuingAccountingStandardsforEnterprisesNo.14-Income(CK[2017]No.22)(hereinafterreferredtoasthe"NewIncomeStandards").AfterthefourthmeetingoftheninthboardofdirectorsofthecompanyapprovedtheresolutiononApril3,2020,thecompanywillimplementtheaforesaidNewIncomeStandardsfromJanuary1,2020.Accordingtotherelevantrequirementsoftheabove-mentionedNewIncomeStandards,thecompanymustmakecorrespondingadjustmentstotherelevantaccountingpoliciespreviouslyadopted.
UndertheNewIncomeStandards,theCompanyshallfirstrecognizetheamountofmerchandisesalesreceivedinadvancefromcustomersasacontractualliabilityandconvertitintoincomewhenrelevantperformanceobligationsarefulfilled;Thecompanyhastransferredgoodstocustomersandhastherighttoreceiveconsideration,ofwhichunconditional(onlydependingonthepassageoftime)shallberecognizedasaccountsreceivable,andthosedependingonotherfactorsotherthanthepassageoftimeshallberecognizedascontractassets.
TheCompanyretroactivelyappliedtheNewIncomeStandards,butchosenottorestatetheclassificationandmeasurement(includingimpairment)involvingtheinconsistencybetweenthedatainthepreviouscomparativefinancialstatementsandtheNewIncomeStandards.Therefore,theCompanyadjustedtheaccountsreceivable,otherreceivables,contractualassets,pre-paidaccountsandcontractualliabilitiesatthebeginningof2020forthecumulativeimpactofthefirstimplementationoftherevisedstandards,andthefinancialstatementsfor2019werenotrestated.III.Auditors’ReportIstheFirstQuarterlyReportbeaudited?
□Yes√NoTheFirstQuarterlyreportisnotaudited.