GuangdongProvincialExpresswayDevelopmentCo.，Ltd.
TheFirstQuarterReport2021
April2021
I.ImportantNoticeTheBoardofDirectorsandtheSupervisoryCommitteeoftheCompanyanditsdirectors,supervisorsandseniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.AllofthedirectorspresentedtheboardmeetingatwhichthisQuarterReportwasexamined.Mr.ZhengRenfa,Leader,Mr.WangChunhua,GeneralManager,Mr.LuMing,Chiefoftheaccountingwork,MsZhouFang,Chiefoftheaccountingorgan(chiefofaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisreport.
II.BasicInformationoftheCompany
（1）MainfinancialdataandfinancialindexIndicatebytickmarkwhethertheCompanyneedstoretroactivelyrestateanyofitsaccountingdata.
√Yes□NoRetrospectiveadjustmentorrestatementreasonBusinesscombinationunderthesamecontrol
| Thisperiod | Sameperiodoflastyear | Changesofthisperiodoversameperiodoflastyear（％） | ||
| Beforeadjustment | Afteradjustment | Afteradjustment | ||
| Operatingrevenue（Yuan） | 1,257,975,487.27 | 211,215,592.28 | 354,680,507.03 | 254.68% |
| Netprofitattributabletotheshareholdersofthelistedcompany（Yuan） | 399,100,166.26 | -70,094,226.94 | -65,790,927.23 | 706.62% |
| Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan） | 395,414,595.12 | -71,989,487.82 | -71,989,487.82 | 649.27% |
| Netcashgeneratedfrom/usedinoperatingactivities（Yuan） | 849,020,540.34 | 142,313,822.41 | 163,886,674.37 | 418.05% |
| Basicearningpershare(Yuan/Share) | 0.19 | -0.03 | -0.03 | 733.33% |
| Dilutedgainspershare(Yuan/Share) | 0.19 | -0.03 | -0.03 | 733.33% |
| Weightedaveragereturnonequity（%） | 4.89% | -0.72% | -0.63% | 5.52% |
| Endofthisperiod | Endoflastperiod | Changesofthisperiod-endoversameperiod-endoflastyear(%) | ||
| Beforeadjustment | Afteradjustment | Afteradjustment | ||
| Totalassets（Yuan） | 19,839,202,045.48 | 19,748,578,658.11 | 19,748,578,658.11 | 0.46% |
| Netassetsattributabletotheshareholdersofthelistedcompany（Yuan） | 8,378,704,436.23 | 7,933,136,499.11 | 7,933,136,499.11 | 5.62% |
Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Items | Amount(Year-beginningtotheendofthereportperiod.) | Notes |
| Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | -112,712.62 | |
| Governmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 5,965,070.40 | |
| Netamountofnon-operatingincomeandexpenseexcepttheaforesaiditems | 954,275.16 | |
| Othernon-recurringGains/lossitems | 240,124.51 | |
| Less:Influencedamountofincometax | 1,761,727.77 | |
| Influencedamountofminorshareholders’equity(aftertax) | 1,599,458.54 | |
| Total | 3,685,571.14 | -- |
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 | 52,475 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 | |||
| Sharesheldbythetop10shareholders | ||||||
| Shareholdername | Propertiesofshareholder | Shareproportion% | Quantity | AmountoftradableshareswithConditionalheld | Pledgingorfreezing | |
| Statusoftheshares | Quantity | |||||
| GuangdongCommunicationGroupCo.,Ltd. | State-ownedlegalperson | 24.56% | 513,420,438 | 410,040,696 | ||
| GuangdongHighwayConstructionCo.,Ltd, | State-ownedlegalperson | 22.30% | 466,325,020 | |||
| ShangdongExpresswayInvestmentDevelopmentCo.,Ltd. | State-ownedlegalperson | 9.68% | 202,429,149 | |||
| TibetYingyueInvestmentManagementCo.,Ltd. | State-ownedlegalperson | 4.84% | 101,214,574 | |||
| GuangdongProvincialFreewayCo.,Ltd. | State-ownedlegalperson | 2.53% | 52,937,491 | 19,582,228 | ||
| ChinaLifeInsuranceCo.,Ltd.－Dividend－Personaldividend-005L-FH002 | Other | 1.96% | 41,009,355 | |||
| Shen | ||||||
| ChinaLifeInsuranceCo.,Ltd.－Traditional－Commoninsuranceproducts-005L-CT001Shen | Other | 1.67% | 35,003,947 | |||
| XinyueCo.,Ltd. | Overseaslegalperson | 0.63% | 13,201,086 | |||
| FengWuchu | Domesticnaturalpersonshares | 0.60% | 12,648,625 | |||
| HappyLifeInsuranceCo.,Ltd.-Dividend | Other | 0.56% | 11,617,747 | |||
| SharesheldbytheTop10ShareholdersofNon-restrictedshares | ||||||
| Shareholders’Names | Numberofthenon-restrictedsharesheld | Sharetype | ||||
| Sharetype | Quantity | |||||
| GuangdongHighwayConstructionCo.,Ltd, | 466,325,020 | RMBCommonshares | 466,325,020 | |||
| ShangdongExpresswayInvestmentDevelopmentCo.,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 | 41,009,355 | RMBCommonshares | 41,009,355 | |||
| ChinaLifeInsuranceCo.,Ltd.－Traditional－Commoninsuranceproducts-005L-CT001Shen | 35,003,947 | RMBCommonshares | 35,003,947 | |||
| GuangdongProvincialFreewayCo.,Ltd. | 33,355,263 | RMBCommonshares | 33,355,263 | |||
| XinyueCo.,Ltd. | 13,201,086 | Foreignsharesplacedindomesticexchange | 13,201,086 | |||
| FengWuchu | 12,648,625 | RMBCommonshares | 10,342,762 |
| Foreignsharesplacedindomesticexchange | 2,305,863 | ||
| HappyLifeInsuranceCo.,Ltd.-Dividend | 11,617,747 | RMBCommonshares | 11,617,747 |
| Relatedoracting-in-concertpartiesamongshareholdersabove | GuangdongCommunicationGroupCo.,Ltd.istheparentcompanyofGuangdongHighwayConstructionCo.,Ltd.andGuangdongProvincialFreewayCo.,Ltd.，ItisunknownwhetherthereisrelationshipbetweenothershareholdersandwhethertheyarepersonstakingconcertedactionspecifiedintheRegulationsonDisclosureofInformationaboutChangeinShareholdingofShareholdersofListedCompanies. | ||
| Participationoftop10unconditionalcommonshareshareholdersinsecuritiesmargintrading(ifany) | None | ||
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.
□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.
2.Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IIISignificantEventsI.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges
√Applicable□Notapplicable（I）Itemsofbalancesheetascomparedwiththebeginningofthisyear.
1.Otherpayablesdecreasedby1,237.36millionyuanand81.80%fromthebeginningoftheYear,whichwasmainlyduetotheagreementbetweenGuangdongProvincialExpresswayDevelopmentCo.,LtdandGuangdongProvincialFreewayCo.,Ltd.onthepaymentofcashtopurchase21%ofthesharesof
GuangdongGuanghuiExpresswayCo.,Ltd,theCompanypaidthesecondphaseofequitytransferamountto
GuangdongProvincialFreewayCo.,Ltd.
2.Non-currentliabilitiesduewithinoneyearItdecreasedby93.15millionyuanfromthebeginningoftheyear,oradecreaseof34.97%,whichwasmainlyduetothecombinedeffectsoftheCompany'srepaymentofdueloansandthereclassificationofsubjects.(II)Itemsofincomestatementascomparedwiththesameperiodofthepreviousyear
1.OperatingincomeItincreasedby903.29millionyuanoverthesameperiodlastyear,oranincreaseof254.68%.Thereinto,thetollincomeoftheFokaiExpressway,theGuangzhuSectionoftheJingzhuExpressway,theGuangfoExpressway,andtheGuanghuiExpresswayincreasedYOY,whichwasmainlydueto:in2020,affectedbythenewcoronavirusepidemic,thestateissuedrelevantpolicies:theoriginaltoll-freeperiodduringthestatutorySpringFestivalholiday(January24-January30)wasextendedtoFebruary8andfrom0:00onFebruary17,2020to24:00onMay5,2020,vehicletollsonnationaltollroadswereexempted.Inthefirstquarterof2021,thenumberoftolldaysoftheabove-saidhighwayswasincreasedby52dayscomparedtolastyear.
2.OperatingcostsItincreasedby127.35millionyuanoverthesameperiodlastyear,anincreaseof38.99%,whichwasmainlyduetotheincreaseinroadpropertydepreciationastheincreaseintollincome.
3.InvestmentincomeItincreasedby52.77millionyuanoverthesameperiodofthepreviousyear,anincreaseof3,857.59%,whichwasmainlyduetotheincreaseinthenumberofexpresswaytolldaysinthefirstquarterof2021
increasedby52dayscomparedwiththesameperiodlastyear,andtheprofitoftheCompany’sequityparticipatingexpresswaycompaniesincreased.
4.IncometaxexpensesItincreasedby189.18millionyuanoverthesameperiodlastyear,anincreaseof1,331.81%,whichwasmainlyduetothetotalprofitofeachhighwaysectioncompanyhadincreased.
5.NetprofitattributabletoownersoftheparentcompanyItincreasedby464.89millionyuanoverthesameperiodlastyear,anincreaseof706.62%,whichwasmainlyduetothecombinedeffectsoftheabovefactors.(III)Notesofmainitemsofcashflowstatement
1.CashreceivedfromthesaleofgoodsandtheprovisionoflaborservicesItincreasedby828.09millionyuaninthecurrentperiod,anincreaseof205.31%YOY,whichwasmainlyduetotheYOYincreaseintollrevenueinthecurrentperiod.
2.OthercashrelatedtooperatingactivitiesreceivedItdecreasedby42.97millionyuanoradecreaseof48.55%YOYinthecurrentperiod,whichwasmainlydueto:FokaiBranch,GuangfoExpresswayCo.,Ltd,JingzhuExpresswayGuangzhuSectionCompanyandGuangdongGuanghuiExpresswayCo.,Ltdreceivedthe55.85millionyuaninsubsidiesfromprovincialtollstations’abolishment.
3.VarioustaxesandfeespaidItincreasedby55.93millionyuaninthecurrentperiod,anincreaseof35.22%YOY,whichwasmainlyduetotheincreaseinvarioustaxesandfeespayableastheincreaseintollincome.
4.CashreceivedfrominvestmentrecoveryItincreasedby20millionyuaninthecurrentperiod,anincreaseof800.00%YOY,whichwasmainlyduetothereceiptofcapitalreductionfundsfromtheGanzhouGankangExpresswayCo.,Ltd-ashare-participatingsubsidiaryoftheCompany.
5.CashreceivedfrominvestmentincomeItdecreasedby5.2millionyuaninthecurrentperiod,adecreaseof77.62%YOY,asthecashdividendreceivedbytheCompanyduringthecurrentperioddecreasedYOY.
6.Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassetsItdecreasedby66.16millionyuaninthecurrentperiod,adecreaseof38.18%YOY,whichwasmainlydueto:ThereconstructionandexpansionprojectofthesouthsectionofFokaiexpresswayhasbeenopenedtotraffic
andturnedintofixedassets;andthepavementtreatmentprojectofGuangzhusectionhasbeenbasicallycompleted.Theprogresspaymentoftheprojectinthisperiodhasbeenreduced..
7.CashpaidfordebtrepaymentItdecreasedby402.57millionyuaninthecurrentperiod,adecreaseof64.40%YOY,Themainreasonsare:
theparentcompanypaidback375millionyuanofthePacificbondguaranteefundinthesameperiodoflastyear.
8.Cashpaidforthedistributionofdividends,profitsorinterestpaymentsItincreasedby155.8millionyuaninthecurrentperiod,anincreaseof133.32%YOY,whichwasmainlyduetotheimpactoftheepidemicinthesameperiodoflastyear,thebankagreedtopostponetheinterestpaymentuntiltheendoftheyear,andtheinterestpaymentinthecurrentperiodincreasedyearonyear..
9.OthercashpaidrelatedtofinancingactivitiesItincreasedby1,221.87millionyuaninthecurrentperiod,anincreaseof162,915.49%YOY,whichwasmainlyduetothe"AgreementbetweenGuangdongProvincialExpresswayDevelopmentCo.,LtdandGuangdongProvincialExpresswayCo.,Ltdonthepaymentofcashtopurchase21%ofthesharesofGuangdongGuanghuiExpresswayCo.,Ltd.",theCompanypaidthesecondphaseofequitytransferamounttoGuangdongProvincial
FreewayCo.,Ltd.inJanuary.
II.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.
□Applicable√Notapplicable
Progressintheimplementationofsharerepurchase
□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding
□Applicable√NotapplicableIII.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod
□Applicable√NotapplicableThecompanyhasnocommitmentscompletedinperiodandthosewithoutcompletedtilllendoftheperiodfromactualcontroller,shareholders,relatedparties,purchaserandcompanies.
IV.Financialassetinvestment
1.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 | 938,667,226.56 | 0.00 | 442,279,294.72 | 0.00 | 0.00 | 0.00 | 959,840,171.52 | Investmentinotherequityinstruments | Selffund |
| Total | 517,560,876.80 | -- | 938,667,226.56 | 0.00 | 442,279,294.72 | 0.00 | 0.00 | 0.00 | 959,840,171.52 | -- | -- | ||
| DisclosuredateforthenoticeofapprovalbytheBoard(Ifany) | July22,2009 | ||||||||||||
| Disclosuredateforthenoticeofapprovalbyshareholders’Meeting(Ifany) | August7,2009 | ||||||||||||
2.Investmentinderivatives
□Applicable√NotapplicableThereisnoderivativeinvestmentduringthereportperiod.V.Progressofinvestmentprojectswithraisedfunds
□Applicable√Notapplicable
VI.PredictionoftheperformancesfromJanuarytoJune2021Estimationonaccumulativenetprofitfromthebeginningoftheyeartotheendofnextreportperiodtobelossprobablyorthewarningofitsmaterialchangecomparedwiththecorrespondingperiodofthelastyearandexplanationonreason
√Applicable□Notapplicable
Estimatedearnings:Year-on-YearincreaseDatatypefilledintheperformanceforecast:Intervalnumber
| Fromthebeginningoftheyeartotheendofthenextreportingperiod | Sameperiodofthepreviousyear（Afteradjustment） | Increase/Decrease(%)（Afteradjustment） | Sameperiodofthepreviousyear（Beforeadjustment） | Increase/Decrease(%)（Afteradjustment） | |||||||||
| Netprofitattributabletotheshareholdersofthelistedcompany（RMB10,000) | 71,663.39 | -- | 105,387.33 | 2,461.43 | Increase | 2,811.45% | -- | 4,181.55% | -583.03 | Increase | 12,391.63% | -- | 18,175.93% |
| Basicearningpershare(Yuan/Share) | 0.34 | -- | 0.50 | 0.01 | Increase | 3,300.00% | -- | 4,900.00% | -0.003 | Increase | 11,433.33% | -- | 16,766.67% |
| Noteonperformanceforecasts | 1.Thebusinessperformanceofthesameperiodofthepreviousyear(beforeadjustment)intheabovetablewasthedatadisclosedinthe1sthalfof2020thatwasbeforethemajorassetrestructuringcarriedoutbythecompany;thedataofthesameperiodofthepreviousyear(afteradjustment)wasdoneaftertheretrospectionandrestatementforthe1sthalfof2020financialdataofthesameperiodinthepreviousyear,accordingtotherelevantcorporatemergerulesunderthecommoncontrol.2.In2020,Thesuddennewcoronavirusepidemic(hereinafterreferredtoasthe"epidemic"),thefirst-levelresponsetonationwideemergencywaslaunched,andtheoriginaltoll-freeperiodduringtheholidays(January24toJanuary30)-legalSpringFestivalwasextendedtoFebruary8,AccordingtotherelevantregulationsoftheMinistryofTransport,From0:00onFebruary17,2020to24:00OnMay5,2020thetollfeesforvehiclesonroadsacrossthecountrypreviouslytollchargedshallbeexempted.Thispolicyresultedinadecreaseinthecompany'soperatingincomeforthe1sthalfof2020.Inthe1sthalfof2021,thenumberoftolldaysthecompanyparticipatedintheholdingexpresswayincreasedYOY,andthecompany'soperatingincomeandinvestmentincomeincreased. | ||||||||||||
VII.Majorcontractsfordailyoperations
□Applicable√NotapplicableVIII.EntrustedFinancialManagement
□Applicable√NotapplicableThereisnoEntrustedFinancialManagementduringthereportperiod.IX.Externalguaranteegetoutofline
□Applicable√NotapplicableTheCompanyhasnoexternalguaranteegetoutofthelineinthePeriodX.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany
□Applicable√NotapplicableTherearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod
XI.Theregistrationformofacceptanceofinvestigation,communicationandinterviewinthereportperiodforfuturereference
√Applicable□Notapplicable
| Receptiontime | Placeofreception | Wayofreception | Typesofvisitorsreceived | Visitorsreceived | Maincontentsdiscussedandinformationprovided | IndexofBasicInformationontheInvestigationandSurvey |
| March26,2021 | MeetingRoomoftheCompany | ByPhone | Organization | ZhejiangSecuritiesTelephoneResearchAssociation：KuangPeiqin,ZhejiangSecurities;FengSiqiZhejiangSecurities；LiuPeiyiHuaxiaFund；YaoShuang,ChinaMerchantsFund;HeJinyang,InvescoGreatWallFund；LinShenglan,DanshuiInvestment；HongMei,XingshiInvesment；GuoZhe,Easternself-employed；LinXiaying,HuataiSecurities；YinJiaqi,GuotaiJunan;LuoYuejiang,HaitongSecurities；ZhangYibo,ChangjiangSecurities；FengQibin,ChangjiangSecurities；LiChengpeng,HuaxiSecurities. | 1.Themaincontentofresearch:1.thedailyoperation;2.thecompany'sfinancialdataanalysis;3.developmentstrategy;4.analysisontheindustry.2.Primarydatainvestigation:Publicinformationcompanyregularlyreports | InvestorRelationsActivityRecordMarch26,2021（2021001）www.cninfo.com.cn |
IV.FinancialStatementI.Financialstatement
1.ConsolidatedbalancesheetPreparedby：GuangdongProvincialExpresswayDevelopmentCo.,Ltd.
March31,2021
| Items | March31,2021 | December31,2020 |
| Currentasset： | ||
| Monetaryfund | 3,123,156,071.04 | 2,847,398,003.89 |
| Settlementprovision | ||
| Outgoingcallloan | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 216,803,564.01 | 168,907,517.56 |
| Financingreceivable | ||
| Prepayments | 3,945,681.83 | 3,607,538.01 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 38,678,576.29 | 60,925,367.64 |
| Including：Interestreceivable | ||
| Dividendreceivable | 1,205,472.90 | 2,705,472.90 |
| Otheraccountreceivable | 37,473,103.39 | 58,219,894.74 |
| Repurchasingoffinancialassets | ||
| Inventories | 178,097.34 | 53,761.06 |
| Contractassets | 5,407,716.90 | 5,452,813.90 |
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 |
| Othercurrentasset | 205,436.51 | 27,051.69 |
| Totalofcurrentassets | 3,388,426,889.24 | 3,086,423,799.07 |
| Non-currentassets： | ||
| Loansandpaymentonother’sbehalfdisbursed |
| Items | March31,2021 | December31,2020 |
| Creditor'sInvestment | ||
| OtherCreditor'sInvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 2,436,142,526.33 | 2,382,381,165.60 |
| Otherequityinstrumentsinvestment | 1,758,188,473.25 | 1,737,015,528.29 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 3,055,102.27 | 3,110,381.89 |
| Fixedassets | 11,202,817,589.95 | 11,540,075,929.69 |
| Including：Fixedassets | 11,202,817,589.95 | 11,540,075,929.69 |
| Liquidationoffixedassets | ||
| Constructioninprogress | 409,556,230.30 | 340,611,095.47 |
| Including：Constructioninprogress | 409,556,230.30 | 340,611,095.47 |
| Constructionmaterials | ||
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | 21,212,197.66 | Notapplicable |
| Intangibleassets | 292,781,789.32 | 302,381,356.52 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 2,366,718.75 | 3,462,122.00 |
| Deferredincometaxasset | 306,850,158.96 | 330,755,418.39 |
| Othernon-currentasset | 17,804,369.45 | 22,361,861.19 |
| Totalofnon-currentassets | 16,450,775,156.24 | 16,662,154,859.04 |
| Totalofassets | 19,839,202,045.48 | 19,748,578,658.11 |
| Currentliabilities | ||
| Short-termloans | 200,192,500.00 | 200,192,500.00 |
| LoanfromCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 302,316,914.90 | 369,773,342.71 |
| Advancereceipts | 11,111,216.60 | 11,309,007.41 |
| Items | March31,2021 | December31,2020 |
| Contractliabilities | 309,734.51 | 309,734.51 |
| Sellingofrepurchasedfinancialassets | ||
| Deposittakingandinterbankdeposit | ||
| Entrustedtradingofsecurities | ||
| Entrustedsellingofsecurities | ||
| Employees’wagepayable | 17,501,125.68 | 16,726,198.13 |
| Taxpayable | 201,326,722.77 | 217,748,392.78 |
| Otheraccountpayable | 275,259,174.56 | 1,512,619,359.78 |
| Including：Interestpayable | ||
| Dividendpayable | 22,260,485.37 | 22,262,804.39 |
| Otherpayable | 252,998,689.19 | 1,490,356,555.39 |
| Feesandcommissionspayable | ||
| Reinsurancefeepayable | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 173,180,082.32 | 266,328,017.47 |
| Othercurrentliability | 1,020,874.08 | 648,581.64 |
| Totalofcurrentliability | 1,182,218,345.42 | 2,595,655,134.43 |
| Non-currentliabilities： | ||
| Reservefundforinsurancecontracts | ||
| Long-termloan | 6,002,013,800.00 | 4,977,438,800.00 |
| Bondpayable | 1,426,720,543.48 | 1,426,488,336.65 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | 19,665,747.30 | Notapplicable |
| Long-termpayable | 3,461,832.74 | 40,406,172.37 |
| Including：Long-termpayable | 3,461,832.74 | 40,406,172.37 |
| Specialaccountspayable | ||
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities |
| Items | March31,2021 | December31,2020 |
| Deferredincome | 84,184,950.52 | 89,170,569.64 |
| Deferredincometaxliability | 385,350,675.80 | 387,103,060.74 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 7,921,397,549.84 | 6,920,606,939.40 |
| Totalofliability | 9,103,615,895.26 | 9,516,262,073.83 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 676,937,614.08 | 645,969,210.48 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 318,829,104.33 | 302,895,877.65 |
| Specialreserve | ||
| Surplusreserves | 1,167,785,965.63 | 1,167,785,965.63 |
| Commonriskprovision | ||
| Retainedprofit | 4,124,345,626.19 | 3,725,679,319.35 |
| Totalofowner’sequitybelongtotheparentcompany | 8,378,704,436.23 | 7,933,136,499.11 |
| Minorityshareholders’equity | 2,356,881,713.99 | 2,299,180,085.17 |
| Totalofowners’equity | 10,735,586,150.22 | 10,232,316,584.28 |
| Totalofliabilitiesandowners’equity | 19,839,202,045.48 | 19,748,578,658.11 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：LuMingAccountingDeptLeader:ZhouFang
2.ParentCompanyBalanceSheet
InRMB
| Items | March31,2021 | December31,2020 |
| Currentasset： | ||
| Monetaryfund | 2,092,076,619.45 | 1,781,764,519.09 |
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 32,988,950.93 | 27,004,827.41 |
| Financingreceivable | ||
| Prepayments | 1,404,802.00 | 2,181,215.03 |
| Otheraccountreceivable | 30,589,927.62 | 54,148,114.53 |
| Including：Interestreceivable | ||
| Dividendreceivable | 1,205,472.90 | 2,705,472.90 |
| Otheraccountreceivable | 29,384,454.72 | 51,442,641.63 |
| Inventories | ||
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | 261,477,446.44 | 256,279,340.60 |
| Othercurrentasset | 205,436.51 | 27,051.69 |
| Totalofcurrentassets | 2,418,743,182.95 | 2,121,405,068.35 |
| Non-currentassets： | ||
| Creditor'srightinvestment | 277,903,684.98 | 287,903,684.98 |
| OtherCreditor'srightinvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 5,607,667,220.99 | 5,529,362,536.53 |
| Otherequityinstrumentsinvestment | 1,758,188,473.25 | 1,737,015,528.29 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 2,802,964.02 | 2,858,243.64 |
| Fixedassets | 6,071,703,906.46 | 6,245,462,940.39 |
| Including：Fixedassets | 6,071,703,906.46 | 6,245,462,940.39 |
| Liquidationoffixedassets | ||
| Constructioninprogress | 46,283,986.18 | 43,086,545.58 |
| Including：Constructioninprogress | 46,283,986.18 | 43,086,545.58 |
| Items | March31,2021 | December31,2020 |
| Constructionmaterias | ||
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | 19,768,377.85 | |
| Intangibleassets | 147,247,855.39 | 150,582,241.22 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | ||
| Deferredincometaxasset | 298,851,931.62 | 322,365,911.10 |
| Othernon-currentasset | 8,038,963.07 | 7,089,990.48 |
| Totalofnon-currentassets | 14,238,457,363.81 | 14,325,727,622.21 |
| Totalofassets | 16,657,200,546.76 | 16,447,132,690.56 |
| Currentliabilities | ||
| Short-termloans | 200,192,500.00 | 200,192,500.00 |
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 108,272,985.52 | 105,919,984.52 |
| Advancereceipts | ||
| ContractLiabilities | ||
| Employees’wagepayable | 6,172,906.20 | 6,472,802.81 |
| Taxpayable | 5,501,677.05 | 9,165,801.86 |
| Otheraccountpayable | 179,679,339.02 | 1,431,814,861.38 |
| Including：Interestpayable | ||
| Dividendpayable | 22,260,485.37 | 22,262,804.39 |
| Otheraccountpayable | 157,418,853.65 | 1,409,552,056.99 |
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | 104,734,806.45 | 190,331,701.48 |
| Othercurrentliability | 753,235,424.75 | 539,618,124.00 |
| Totalofcurrentliability | 1,357,789,638.99 | 2,483,515,776.05 |
| Non-currentliabilities： | ||
| Long-termloan | 5,448,063,800.00 | 4,389,653,800.00 |
| Items | March31,2021 | December31,2020 |
| Bondpayable | 1,426,720,543.48 | 1,426,488,336.65 |
| Including：preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | 19,182,760.52 | Notapplicable |
| Long-termpayable | 3,461,832.74 | 40,406,172.37 |
| Including：Long-termpayable | 3,461,832.74 | 40,406,172.37 |
| Specialaccountspayable | ||
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 12,582,715.25 | 13,403,327.12 |
| Deferredincometaxliability | 110,930,999.36 | 105,636,866.50 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 7,020,942,651.35 | 5,975,588,502.64 |
| Totalofliability | 8,378,732,290.34 | 8,459,104,278.69 |
| Owners’equity | ||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 |
| Otherequityinstruments | ||
| Including：preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 938,969,546.79 | 938,969,546.79 |
| Less：Sharesinstock | ||
| Othercomprehensiveincome | 318,829,104.33 | 302,895,877.65 |
| Specialreserve | ||
| Surplusreserves | 987,813,698.07 | 987,813,698.07 |
| Retainedprofit | 3,942,049,781.23 | 3,667,543,163.36 |
| Totalofowners’equity | 8,278,468,256.42 | 7,988,028,411.87 |
| Totalofliabilitiesandowners’equity | 16,657,200,546.76 | 16,447,132,690.56 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：LuMingAccountingDeptLeader:ZhouFang
3.ConsolidatedIncomestatement
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Incomefromthekeybusiness | 1,257,975,487.27 | 354,680,507.03 |
| Incl：Businessincome | 1,257,975,487.27 | 354,680,507.03 |
| Interestincome | ||
| Insurancefeeearned | ||
| Feeandcommissionreceived | ||
| II.Totalbusinesscost | 570,136,785.32 | 429,194,827.40 |
| Incl：Businesscost | 453,933,058.22 | 326,587,735.13 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Netamountofwithdrawalofinsurancecontractreserve | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 5,050,365.54 | 2,021,737.28 |
| Salesexpense | ||
| Administrativeexpense | 46,769,450.53 | 39,030,434.80 |
| R&Dcosts | ||
| Financialexpenses | 64,383,911.03 | 61,554,920.19 |
| Including：Interestexpense | 75,370,473.37 | 68,721,795.87 |
| Interestincome | 11,272,327.50 | 7,988,119.51 |
| Add:Otherincome | 6,205,194.91 | 1,678,147.16 |
| Investmentgain（“-”forloss） | 54,141,702.19 | 1,368,048.23 |
| Incl:investmentgainsfromaffiliates | 54,141,702.19 | -888,526.62 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue |
| Items | Amountinthisperiod | Amountinlastperiod |
| Creditimpairmentloss | ||
| Impairmentlossofassets | ||
| Assetsdisposalincome | 4.37 | |
| III.Operationalprofit（“-”forloss） | 748,185,599.05 | -71,468,120.61 |
| Add：Non-operationalincome | 1,052,152.87 | 3,047,414.52 |
| Less:Non-operatingexpense | 210,590.33 | 169,083.98 |
| IV.Totalprofit(“-”forloss) | 749,027,161.59 | -68,589,790.07 |
| Less：Incometaxexpenses | 174,979,322.91 | -14,205,040.44 |
| V.Netprofit | 574,047,838.68 | -54,384,749.63 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | 574,047,838.68 | -54,384,749.63 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| 1.Netprofitattributabletotheownersofparentcompany | 399,100,166.26 | -65,790,927.23 |
| 2.Minorityshareholders’equity | 174,947,672.42 | 11,406,177.60 |
| VI.Netafter-taxofothercomprehensiveincome | 15,933,226.68 | -136,431,142.69 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | 15,933,226.68 | -136,431,142.69 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 15,879,708.72 | -141,152,966.40 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 15,879,708.72 | -141,152,966.40 |
| 4.Changesinthefairvalueofthecompany’screditrisks |
| Items | Amountinthisperiod | Amountinlastperiod |
| 5.Other | ||
| （II）Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | 53,517.96 | 4,721,823.71 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | 53,517.96 | 4,721,823.71 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | 589,981,065.36 | -190,815,892.32 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 415,033,392.94 | -202,222,069.92 |
| Totalcomprehensiveincomeattributableminorityshareholders | 174,947,672.42 | 11,406,177.60 |
| VIII.Earningspershare | ||
| （I）Basicearningspershare | 0.19 | -0.03 |
| (II)Dilutedearningspershare | 0.19 | -0.03 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：LuMingAccountingDeptLeader:ZhouFang
4.IncomestatementoftheParentCompany
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Incomefromthekeybusiness | 363,024,875.64 | 96,834,013.49 |
| Incl：Businesscost | 195,651,672.79 | 138,349,439.05 |
| Businesstaxandsurcharge | 1,905,294.74 | 982,137.56 |
| Salesexpense | ||
| Administrativeexpense | 22,946,844.98 | 19,008,010.33 |
| R&Dexpense | ||
| Financialexpenses | 62,233,471.58 | 57,156,264.13 |
| Including：Interestexpenses | 72,356,582.17 | 64,517,846.96 |
| Interestincome | 10,369,222.62 | 7,384,203.28 |
| Add：Otherincome | 1,295,831.52 | 251,296.73 |
| Investmentgain（“-”forloss） | 216,505,664.30 | 18,442,347.73 |
| Including:investmentgainsfromaffiliates | 53,685,025.92 | 5,259,044.40 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | ||
| Impairmentlossofassets | ||
| Assetsdisposalincome | 4.37 | |
| II.Operationalprofit（“-”forloss） | 298,089,087.37 | -99,968,188.75 |
| Add：Non-operationalincome | 366,266.02 | 67,487.91 |
| Less：Non-operationalexpenses | 101,882.97 | |
| III.Totalprofit(“-”forloss) | 298,455,353.39 | -100,002,583.81 |
| Less：Incometaxexpenses | 23,514,876.10 | -26,425,570.81 |
| IV.Netprofit | 274,940,477.29 | -73,577,013.00 |
| 1.Netcontinuingoperatingprofit | 274,940,477.29 | -73,577,013.00 |
| 2.Terminationofoperatingnetprofit | ||
| V.Netafter-taxofothercomprehensiveincome | 15,933,226.68 | -136,431,142.69 |
| （I）Othercomprehensiveincome | 15,879,708.72 | -141,152,966.40 |
| Items | Amountinthisperiod | Amountinlastperiod |
| itemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | ||
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 15,879,708.72 | -141,152,966.40 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| (II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | 53,517.96 | 4,721,823.71 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | 53,517.96 | 4,721,823.71 |
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | ||
| 7.Other | ||
| VI.Totalcomprehensiveincome | 290,873,703.97 | -210,008,155.69 |
| VII.Earningspershare | ||
| （I）Basicearningspershare | ||
| (II)Dilutedearningspershare |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：LuMingAccountingDeptLeader:ZhouFang
5.ConsolidatedCashflowstatement
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 1,231,428,067.53 | 403,334,741.11 |
| Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
| Netincreaseofloansfromcentralbank | ||
| Netincreaseofinter-bankloansfromotherfinancialbodies | ||
| Cashreceivedagainstoriginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofclientdepositandinvestment | ||
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofinter-bankfundreceived | ||
| Netincreaseofrepurchasingbusiness | ||
| Netcashreceivedbyagentinsecuritiestrading | ||
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 45,538,110.74 | 88,510,929.16 |
| Sub-totalofcashinflow | 1,276,966,178.27 | 491,845,670.27 |
| Items | Amountinthisperiod | Amountinlastperiod |
| Cashpaidforpurchasingofmerchandiseandservices | 90,798,153.15 | 71,858,890.83 |
| Netincreaseofclienttradeandadvance | ||
| Netincreaseofsavingsincentralbankandbrothercompany | ||
| Cashpaidfororiginalcontractclaim | ||
| NetincreaseforOutgoingcallloan | ||
| Cashpaidforinterest,processingfeeandcommission | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtostaffsorpaidforstaffs | 102,471,251.72 | 87,989,063.42 |
| Taxespaid | 214,739,144.18 | 158,804,182.91 |
| Othercashpaidforbusinessactivities | 19,937,088.88 | 9,306,858.74 |
| Sub-totalofcashoutflowfrombusinessactivities | 427,945,637.93 | 327,958,995.90 |
| Netcashgeneratedfrom/usedinoperatingactivities | 849,020,540.34 | 163,886,674.37 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | 22,500,000.00 | 2,500,000.00 |
| Cashreceivedasinvestmentgains | 1,500,000.00 | 6,702,526.90 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 7,300.00 | 6,300.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | ||
| Sub-totalofcashinflowduetoinvestmentactivities | 24,007,300.00 | 9,208,826.90 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 107,120,724.56 | 173,285,117.84 |
| Cashpaidasinvestment | 2,500,000.00 | |
| Netincreaseofloanagainstpledge |
| Items | Amountinthisperiod | Amountinlastperiod |
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 107,120,724.56 | 175,785,117.84 |
| Netcashflowgeneratedbyinvestment | -83,113,424.56 | -166,576,290.94 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Including:Cashreceivedasinvestmentfromminorshareholders | ||
| Cashreceivedasloans | 1,166,930,000.00 | 1,060,000,000.00 |
| Otherfinancing–relatedcashreceived | 60,722,360.00 | 13,180,600.00 |
| Sub-totalofcashinflowfromfinancingactivities | 1,227,652,360.00 | 1,073,180,600.00 |
| Cashtorepaydebts | 222,535,000.00 | 625,100,000.00 |
| Cashpaidasdividend,profit,orinterests | 272,650,246.88 | 116,855,056.95 |
| Including:Dividendandprofitpaidbysubsidiariestominorshareholders | 147,000,000.00 | 40,369,392.46 |
| Othercashpaidforfinancingactivities | 1,222,616,161.75 | 750,000.00 |
| Sub-totalofcashoutflowduetofinancingactivities | 1,717,801,408.63 | 742,705,056.95 |
| Netcashflowgeneratedbyfinancing | -490,149,048.63 | 330,475,543.05 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 275,758,067.15 | 327,785,926.48 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 2,846,176,803.89 | 3,052,977,164.15 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 3,121,934,871.04 | 3,380,763,090.63 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：LuMingAccountingDeptLeader:ZhouFang
6.CashFlowStatementoftheParentCompany
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 366,616,254.19 | 113,507,357.25 |
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 252,174,679.47 | 86,723,417.53 |
| Sub-totalofcashinflow | 618,790,933.66 | 200,230,774.78 |
| Cashpaidforpurchasingofmerchandiseandservices | 3,368,975.06 | 3,452,081.46 |
| Cashpaidtostaffsorpaidforstaffs | 32,576,497.85 | 26,023,676.00 |
| Taxespaid | 15,318,003.35 | 9,893,866.80 |
| Othercashpaidforbusinessactivities | 34,425,290.28 | 30,499,503.45 |
| Sub-totalofcashoutflowfrombusinessactivities | 85,688,766.54 | 69,869,127.71 |
| Netcashgeneratedfrom/usedinoperatingactivities | 533,102,167.12 | 130,361,647.07 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | 37,500,000.00 | |
| Cashreceivedasinvestmentgains | 154,711,770.84 | 31,318,703.34 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 6,300.00 | |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived |
| Items | Amountinthisperiod | Amountinlastperiod |
| Sub-totalofcashinflowduetoinvestmentactivities | 192,211,770.84 | 31,325,003.34 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 34,226,195.85 | 104,578,459.51 |
| Cashpaidasinvestment | 1,246,839,292.00 | |
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | ||
| Sub-totalofcashoutflowduetoinvestmentactivities | 1,281,065,487.85 | 104,578,459.51 |
| Netcashflowgeneratedbyinvestment | -1,088,853,717.01 | -73,253,456.17 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Cashreceivedasloans | 1,166,930,000.00 | 1,000,000,000.00 |
| Otherfinancing–relatedashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | 1,166,930,000.00 | 1,000,000,000.00 |
| Cashtorepaydebts | 181,200,000.00 | 625,100,000.00 |
| Cashpaidasdividend,profit,orinterests | 118,889,480.00 | 59,022,402.54 |
| Othercashpaidforfinancingactivities | 776,869.75 | 750,000.00 |
| Sub-totalofcashoutflowduetofinancingactivities | 300,866,349.75 | 684,872,402.54 |
| Netcashflowgeneratedbyfinancing | 866,063,650.25 | 315,127,597.46 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 310,312,100.36 | 372,235,788.36 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 1,780,543,319.09 | 2,790,163,301.78 |
| VI..Balanceofcashandcashequivalentsattheendofterm | 2,090,855,419.45 | 3,162,399,090.14 |
LegalRepresentative:ZhengRenfaGeneralManager:WangChunhuaPersoninchargeofaccounting：LuMingAccountingDeptLeader:ZhouFangIIAdjustmentstotheFinancialStatements
1.Adjustmentoftherelevantitemsofthefinancialstatementsatthecurrentyearbeginningaccordingtothenewstandardsforfinancialinstruments,thenewstandardsforrevenuesandthenewstandardsforleaseimplementedcommencingfromyear2021
√Applicable□Notapplicable
Whethertoadjustthebalancesheetaccountatthebeginningoftheyear
√Yes□No
Consolidatedbalancesheet
InRMB
| Items | December31,2020 | January1,2021 | Adjustments |
| Currentasset： | |||
| Monetaryfund | 2,847,398,003.89 | 2,847,398,003.89 | |
| Accountreceivable | 168,907,517.56 | 168,907,517.56 | |
| Prepayments | 3,607,538.01 | 2,831,124.98 | -776,413.03 |
| Otheraccountreceivable | 60,925,367.64 | 60,925,367.64 | |
| Dividendreceivable | 2,705,472.90 | 2,705,472.90 | |
| Otheraccountreceivable | 58,219,894.74 | 58,219,894.74 | |
| Inventories | 53,761.06 | 53,761.06 | |
| Contractassets | 5,452,813.90 | 5,452,813.90 | |
| Non-currentassetduewithin1year | 51,745.32 | 51,745.32 | |
| Othercurrentassets | 27,051.69 | 27,051.69 | |
| Totalofcurrentassets | 3,086,423,799.07 | 3,085,647,386.04 | -776,413.03 |
| Non-currentassets： | |||
| Long-termequityinvestment | 2,382,381,165.60 | 2,381,947,306.18 | -433,859.42 |
| Otherequityinstruments | 1,737,015,528.29 | 1,737,015,528.29 |
| Items | December31,2020 | January1,2021 | Adjustments |
| investment | |||
| Propertyinvestment | 3,110,381.89 | 3,110,381.89 | |
| Fixedassets | 11,540,075,929.69 | 11,540,075,929.69 | |
| Constructioninprogress | 340,611,095.47 | 340,611,095.47 | |
| Userightassets | Notapplicable | 23,154,055.78 | 23,154,055.78 |
| Intangibleassets | 302,381,356.52 | 302,381,356.52 | |
| Long-termexpensestobeamortized | 3,462,122.00 | 2,454,375.00 | -1,007,747.00 |
| Deferredtaxassets | 330,755,418.39 | 330,755,418.39 | |
| Othernon-currentasset | 22,361,861.19 | 22,361,861.19 | |
| Totalofnon-currentassets | 16,662,154,859.04 | 16,683,867,308.40 | 21,712,449.36 |
| Totalofassets | 19,748,578,658.11 | 19,769,514,694.44 | 20,936,036.33 |
| Currentliabilities | |||
| Short-termloans | 200,192,500.00 | 200,192,500.00 | |
| Accountpayable | 369,773,342.71 | 369,773,342.71 | |
| Advancepayment | 11,309,007.41 | 11,309,007.41 | |
| Contractliabilities | 309,734.51 | 309,734.51 | |
| Employees’wagepayable | 16,726,198.13 | 16,726,198.13 | |
| Taxpayable | 217,748,392.78 | 217,748,392.78 | |
| Otheraccountpayable | 1,512,619,359.78 | 1,512,619,359.78 | |
| Dividendpayable | 22,262,804.39 | 22,262,804.39 | |
| Otheraccountpayable | 1,490,356,555.39 | 1,490,356,555.39 | |
| Non-currentliabilityduewithin1year | 266,328,017.47 | 266,328,017.47 | |
| Othercurrentliability | 648,581.64 | 648,581.64 | |
| Totalofcurrentliability | 2,595,655,134.43 | 2,595,655,134.43 | |
| Non-currentliabilities： | |||
| Long-termloan | 4,977,438,800.00 | 4,977,438,800.00 | |
| Bondpayable | 1,426,488,336.65 | 1,426,488,336.65 | |
| Leaseliability | Notapplicable | 21,369,895.75 | 21,369,895.75 |
| Long-termpayable | 40,406,172.37 | 40,406,172.37 | |
| Deferredincome | 89,170,569.64 | 89,170,569.64 | |
| Deferredincometaxliabilities | 387,103,060.74 | 387,103,060.74 |
| Items | December31,2020 | January1,2021 | Adjustments |
| Totalofcurrentliability | 6,920,606,939.40 | 6,941,976,835.15 | 21,369,895.75 |
| Totalofliabilities | 9,516,262,073.83 | 9,537,631,969.58 | 21,369,895.75 |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Capitalreserves | 645,969,210.48 | 645,969,210.48 | |
| Othercomprehensiveincome | 302,895,877.65 | 302,895,877.65 | |
| Surplusreserves | 1,167,785,965.63 | 1,167,785,965.63 | |
| Retainedprofit | 3,725,679,319.35 | 3,725,245,459.93 | -433,859.42 |
| Totalofowner’sequitybelongtotheparentcompany | 7,933,136,499.11 | 7,932,702,639.69 | -433,859.42 |
| Minorityshareholders’equity | 2,299,180,085.17 | 2,299,180,085.17 | |
| Totalofowners’equity | 10,232,316,584.28 | 10,231,882,724.86 | -433,859.42 |
| Totalofliabilitiesandowners’equity | 19,748,578,658.11 | 19,769,514,694.44 | 20,936,036.33 |
AdjustmentstatementOnDecember7,2018,theMinistryofFinanceissuedthenoticeonrevisingandprintingtheaccountingstandardsforBusinessEnterprisesNo.21-leasing(CK[2018]No.35).Throughtheresolutionofthe16thmeetingofthe9thboardofdirectorsofthecompanyonMarch26,2021,thecompanybegantoimplementtheabove-mentionednewleasecriteriafromJanuary1,2021.Inthisaccountingpolicychange,thecompanyadjuststheamountofretainedearningsatthebeginningoftheperiodandotherrelevantitemsinthefinancialstatementsaccordingtothecumulativeimpactofthefirstimplementationofthestandard.ParentCompanyBalanceSheet
InRMB
| Items | December31,2020 | January1,2021 | Adjustments |
| Currentasset： | |||
| Monetaryfund | 1,781,764,519.09 | 1,781,764,519.09 | |
| Accountpayable | 27,004,827.41 | 27,004,827.41 | |
| Prepayments | 2,181,215.03 | 1,404,802.00 | -776,413.03 |
| Otheraccountreceivable | 54,148,114.53 | 54,148,114.53 | |
| Dividendreceivable | 2,705,472.90 | 2,705,472.90 | |
| Otheraccountreceivable | 58,219,894.74 | 58,219,894.74 | |
| Non-currentassetdue | 256,279,340.60 | 256,279,340.60 |
| Items | December31,2020 | January1,2021 | Adjustments |
| within1year | |||
| Othercurrentassets | 27,051.69 | 27,051.69 | |
| Totalofcurrentassets | 2,121,405,068.35 | 2,120,628,655.32 | -776,413.03 |
| Non-currentassets： | |||
| Creditor'srightsinvestment | 287,903,684.98 | 287,903,684.98 | |
| Longtermshareequityinvestment | 5,529,362,536.53 | 5,528,928,677.11 | -433,859.42 |
| Otherequityinstrumentsinvestment | 1,737,015,528.29 | 1,737,015,528.29 | |
| Propertyinvestment | 2,858,243.64 | 2,858,243.64 | |
| Fixedassets | 6,245,462,940.39 | 6,245,462,940.39 | |
| Constructioninprogress | 43,086,545.58 | 43,086,545.58 | |
| Userightassets | Notapplicable | 21,927,040.99 | 21,927,040.99 |
| Intangibleassets | 150,582,241.22 | 150,582,241.22 | |
| Deferredtaxassets | 322,365,911.10 | 322,365,911.10 | |
| Othernon-currentasset | 7,089,990.48 | 7,089,990.48 | |
| Totalofnon-currentassets | 14,325,727,622.21 | 14,347,220,803.78 | 21,493,181.57 |
| Totalofassets | 16,447,132,690.56 | 16,467,849,459.10 | 20,716,768.54 |
| Currentliabilities | |||
| Short-termloans | 200,192,500.00 | 200,192,500.00 | |
| Accountpayable | 105,919,984.52 | 105,919,984.52 | |
| Employees’wagepayable | 6,472,802.81 | 6,472,802.81 | |
| Taxpayable | 9,165,801.86 | 9,165,801.86 | |
| Otheraccountpayable | 1,431,814,861.38 | 1,431,814,861.38 | |
| Dividendpayable | 22,262,804.39 | 22,262,804.39 | |
| Otheraccountpayable | 1,409,552,056.99 | 1,409,552,056.99 | |
| Non-currentliabilityduewithin1year | 190,331,701.48 | 190,331,701.48 | |
| Othercurrentliability | 539,618,124.00 | 539,618,124.00 | |
| Totalofcurrentliability | 2,483,515,776.05 | 2,483,515,776.05 | |
| Non-currentliabilities： | |||
| Long-termloan | 4,389,653,800.00 | 4,389,653,800.00 | |
| Bondpayable | 1,426,488,336.65 | 1,426,488,336.65 |
| Items | December31,2020 | January1,2021 | Adjustments |
| Long-termpayable | 40,406,172.37 | 40,406,172.37 | |
| Leaseliabilities | Notapplicable | 21,150,627.96 | 21,150,627.96 |
| Deferredincomet | 13,403,327.12 | 13,403,327.12 | |
| Deferredincometaxliability | 105,636,866.50 | 105,636,866.50 | |
| TotalofNon-currentliabilities | 5,975,588,502.64 | 5,996,739,130.60 | 21,150,627.96 |
| Totalofliability | 8,459,104,278.69 | 8,480,254,906.65 | 21,150,627.96 |
| Owners’equity | |||
| Sharecapital | 2,090,806,126.00 | 2,090,806,126.00 | |
| Capitalreserves | 938,969,546.79 | 938,969,546.79 | |
| Othercomprehensiveincome | 302,895,877.65 | 302,895,877.65 | |
| Surplusreserves | 987,813,698.07 | 987,813,698.07 | |
| Retainedprofit | 3,667,543,163.36 | 3,667,109,303.94 | -433,859.42 |
| Totalofowners’equity | 7,988,028,411.87 | 7,987,594,552.45 | -433,859.42 |
| Totalofliabilitiesandowners’equity | 16,447,132,690.56 | 16,467,849,459.10 | 20,716,768.54 |
AdjustmentstatementOnDecember7,2018,theMinistryofFinanceissuedthenoticeonrevisingandprintingtheaccountingstandardsforBusinessEnterprisesNo.21-leasing(CK[2018]No.35).Throughtheresolutionofthe16thmeetingofthe9thboardofdirectorsofthecompanyonMarch26,2021,thecompanybegantoimplementtheabove-mentionednewleasecriteriafromJanuary1,2021.Inthisaccountingpolicychange,thecompanyadjuststheamountofretainedearningsatthebeginningoftheperiodandotherrelevantitemsinthefinancialstatementsaccordingtothecumulativeimpactofthefirstimplementationofthestandard.
2.Notetotheretroactiveadjustmentofthepreviouscomparativedataaccordingtothenewstandardsforfinancialinstrumentsandthenewstandardsforleaseimplementedcommencingfromyear2021
□Applicable√Notapplicable
III.Auditors’ReportIstheFirstQuarterlyReportbeaudited?
□Yes√NoTheFirstQuarterlyreportisnotaudited.