HANGZHOU HIKVISION DIGITAL
TECHNOLOGY CO., LTD.
2021 Quarter 1 ReportJanuary to March 2021
April 17
th2021
Section I Important Notes, Contents and Definitions
The Board of Directors, Board of Supervisors, directors, supervisors and seniormanagement of Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referredto as the “Company”) hereby guarantee that the information presented in this reportshall be together be wholly liable for the truthfulness, accuracy and completeness of itscontents and free of any false records, misleading statements or material omissions,and will undertake individual and joint legal liabilities.All directors of the Company have attended the board meeting to review thisquarterly report.
Chen Zongnian, the Company's legal representative, Jin Yan, the person in chargeof the accounting work, and Zhan Junhua, the person in charge of accounting institution(accounting supervisor) hereby declare and warrant that the financial statements in thisreport are authentic, accurate and complete.
Note:
This document is a translated version of the Chinese version 2021 Q1 Financial Report (“2021年第一季度报告全文”), and the published 2021 Q1 report in the Chinese version shall prevail. Thecomplete published Chinese 2021 Q1 Financial Report may be obtained at http://www.cninfo.com.cn.
Section II Corporate Profile
I. Key Accounting Data and Financial IndicatorsWhether the Company performed a retroactive adjustment or restatement of the previous accounting data
□Yes√ No
| 2021 Q1 | 2020 Q1 | YoY Change(%) between 2020 Q1 and 2021 Q1 | |
| Operating income (RMB) | 13,988,385,531.58 | 9,428,902,974.38 | 48.36% |
| Net profits attributable to shareholders of the Company (RMB) | 2,169,440,312.25 | 1,496,269,608.01 | 44.99% |
| Net profits attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 2,022,056,316.46 | 1,469,074,026.95 | 37.64% |
| Net cash flows from operating activities (RMB) | -2,018,107,114.23 | -3,982,048,164.94 | 49.32% |
| Basic earnings per share (RMB/share) | 0.235 | 0.163 | 44.17% |
| Diluted earnings per share (RMB/share) | 0.233 | 0.163 | 42.94% |
| Weighted average Return on Equity (ROE) | 3.95% | 3.28% | 0.67% |
| On March 31st 2021 | On December 31st 2020 | Change(%) between December 31st 2020 and March 31st 2021 | |
| Total assets (RMB) | 86,378,576,574.09 | 88,701,682,384.20 | -2.62% |
| Net assets attributable to shareholders of the Company (RMB) | 55,954,297,409.10 | 53,794,311,162.05 | 4.02% |
The total share capital of the Company as of the previous trading day of the financial report disclosure:
| The total share capital of the Company as of the previous trading day of the financial report disclosure (share) | 9,343,417,190 |
| Fully diluted earnings per share (RMB/share) calculated with the latest share capital | 0.232 |
| Item | January 1st 2021–March 31st 2021 |
| Profit or loss from disposal of non-current assets (including the write-off for the impairment provision of assets) | 3,464,415.12 |
| The government subsidies included in the current profits and losses (excluding the government subsidy closely related to regular course of business of the Company and government subsidy based on standard quota or quantitative continuous application according to the state industrial policy.) | 136,094,421.65 |
| Profits and losses attributed to change in fair value for held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, and derivative financial liabilities; and investment income from disposal of held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, derivative financial liabilities and other debt investments, excluding the effective hedging business related to the regular business operation of the Company. | 51,180,033.58 |
| Other non-operating income and expenditures except the items mentioned above | 9,727,970.62 |
| Less: Impact of income tax | 22,186,726.25 |
| Impact of the minority interests (after tax) | 30,896,118.93 |
| Total | 147,383,995.79 |
II. Total Number of Shareholders at the end of the reporting period and Information for Top 10 Shareholders
1. Total number of common shareholders and preferred shareholders with resumed voting rights and information about top 10 shareholders
Unit: Share
| Total number of common shareholders at the end of the reporting period | 234,089 | Total number of preferred shareholders (if any) whose voting rights have been recovered at the end of the reporting period | 0 | |||
| Particulars about top 10 shareholders | ||||||
| Name of shareholder | Nature of shareholder | Share- holding percentage (%) | Total shares held at the period-end | The number of common shares held with trading restrictions | Pledged or frozen | |
| Status | Amount | |||||
| China Electronics Technology HIK Group Co., Ltd. | Domestic State-owned corporation | 38.88% | 3,632,897,256 | 0 | Pledged | 50,000,000 |
| Gong Hongjia | Overseas individual | 10.30% | 962,504,814 | 962,504,814 | Pledged | 202,100,000 |
| Xinjiang Weixun Investment Management Limited Partnership | Domestic non-state-owned corporation | 4.82% | 450,795,176 | 0 | ||
| Shanghai Gaoyi Asset Management Partnership (Limited Partnership) - Gaoyi Adjacent Mountain 1 Yuanwang Fund | Other | 2.30% | 215,000,000 | 0 | ||
| Xinjiang Pukang Investment Limited Partnership | Domestic non-state-owned corporation | 1.95% | 182,510,174 | 0 | ||
| The 52nd Research Institute at China Electronics Technology Group Corporation | Domestic State-owned corporation | 1.93% | 180,775,044 | 0 | ||
| Hu Yangzhong | Domestic Individual | 1.66% | 155,246,477 | 136,639,858 | ||
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | Overseas corporation | 1.32% | 123,501,524 | 0 | ||
| CITIC Securities Company Limited | Domestic State-owned corporation | 1.15% | 107,578,342 | 0 | ||
| Bank of China Co., Ltd. - Efunds Blue Chip Select Hybrid Securities Investment Fund | Other | 0.96% | 90,000,160 | 0 | ||
| Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s) | |||
| Name of shareholder | Number of common shares without trading restrictions held at the period-end | Type of shares | |
| Type | Number | ||
| China Electronics Technology HIK Group Co., Ltd. | 3,632,897,256 | RMB ordinary shares | 3,632,897,256 |
| Xinjiang Weixun Investment Management Limited Partnership | 450,795,176 | RMB ordinary shares | 450,795,176 |
| Shanghai Gaoyi Asset Management Partnership (Limited Partnership) - Gaoyi Adjacent Mountain 1 Yuanwang Fund | 215,000,000 | RMB ordinary shares | 215,000,000 |
| Xinjiang Pukang Investment Limited Partnership | 182,510,174 | RMB ordinary shares | 182,510,174 |
| The 52nd Research Institute at China Electronics Technology Group Co. Ltd. | 180,775,044 | RMB ordinary shares | 180,775,044 |
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | 123,501,524 | RMB ordinary shares | 123,501,524 |
| CITIC Securities Company Limited | 107,578,342 | RMB ordinary shares | 107,578,342 |
| Bank of China Co., Ltd. - Efunds Blue Chip Select Hybrid Securities Investment Fund | 90,000,160 | RMB ordinary shares | 90,000,160 |
| Central Huijin Investment Ltd. | 65,818,800 | RMB ordinary shares | 65,818,800 |
| Guo Minfang | 57,670,726 | RMB ordinary shares | 57,670,726 |
| Explanation on associated relationship and concerted actions among above shareholders | China Electronics Technology HIK Group Co., Ltd. and The 52nd Research Institute at China Electronics Technology Group are all subject to control of China Electronics Technology Group Corporation. Ms. Chen Chunmei, limited partner of Xinjiang Pukang Investment Limited Partnership, is the spouse of Mr. Gong Hongjia, overseas individual shareholder of the Company. Hu Yangzhong, domestic individual, is holding shares in both Xinjiang Weixun Investment Management Limited Partnership and Xinjiang Pukang Investment Limited Partnership. Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Measures for Management of the Disclosure of the Shareholding Changes of Shareholders of the Listed Company. | ||
Any of the Company’s top 10 common shareholders or top 10 non-restricted common shareholders conducts anyagreed buy-back in the reporting period?
□ Applicable √ Inapplicable
No such cases in the reporting period.
2. Total number of preferred shareholders and information about Top 10 preferred shareholders
□ Applicable √ Inapplicable
Section III Significant Events
1. Information and explanation about variations in key financial statement items and financialindicators during the reporting period.
√Applicable □Inapplicable
1.1 Explanation for variations in balance sheet items
| Item | Balance on March 31st 2021 (RMB) | Balance on December 31st 2020 (RMB) | YoY change (%) | Note of Changes |
| Notes receivable | 1,315,201,363.11 | 1,303,252,705.19 | -22.09% | Decrease in note settlements |
| Receivables for financing | 1,226,759,192.33 | 1,959,601,195.25 | ||
| Other receivables | 776,738,302.85 | 519,143,350.82 | 49.62% | Increase in employee housing loans |
| Right-of-use assets | 378,652,592.50 | 0.00 | 100.00% | According to the new lease standard, recognized the right-of-use assets |
| Payroll payable | 1,463,896,374.55 | 2,877,786,430.71 | -49.13% | 2020 year-end bonus were issued this quarter |
| Lease liabilities | 253,242,830.34 | 0.00 | 100.00% | According to the new lease standard, recognized the lease liability |
| Minority shareholders' equity | 962,423,655.91 | 685,432,238.49 | 40.41% | Increased profits from innovative business subsidiaries |
| Item | 2021 Q1 (RMB) | 2020 Q1 (RMB) | YoY Change (%) | Note of changes |
| Total operating income | 13,988,385,531.58 | 9,428,902,974.38 | 48.36% | Increase in market demand and expansion of sales |
| Total operating costs | 7,439,068,423.51 | 4,963,386,892.35 | 49.88% | Increase with sales revenue growth |
| Business taxes and surcharges | 101,336,830.02 | 49,517,189.63 | 104.65% | Sales growth impact |
| Research and Development (R&D) expenses | 1,687,820,001.28 | 1,218,291,551.09 | 38.54% | R&D investment continued to increase |
| Financial expenses | -102,974,119.07 | -209,496,786.15 | 50.85% | Increase in foreign exchange losses |
| Item | 2021 Q1 (RMB) | 2020 Q1 (RMB) | YoY Change (%) | Note of changes |
| Other income | 464,549,234.50 | 301,718,659.20 | 53.97% | Increase in government subsidies |
| Investment Income | 5,303,647.94 | -2,717,395.11 | 295.17% | Increase in foreign exchange forward trading income |
| Gains from changes in fair value | 34,574,820.33 | -28,072,695.09 | 223.16% | Increase in gains from changes in fair value of other non-current financial assets |
| Credit impairment losses | -197,732,278.00 | 2,621,244.53 | 7643.45% | Increase in credit impairment loss reserves |
| Income tax expenses | 475,617,677.61 | 317,562,607.29 | 49.77% | Increase in profits led to increase in accrued income tax expense |
| Profit or loss attributable to minority shareholders | 265,189,109.84 | 57,130,939.00 | 364.18% | Increased profitability of innovative business subsidiaries |
| Item | 2021 Q1 (RMB) | 2020 Q1 (RMB) | YoY Change (%) | Note of changes |
| Net cash flows from operating activities | -2,018,107,114.23 | -3,982,048,164.94 | 49.32% | Increase in sales collection |
| Net cash flows from investing activities | -559,863,626.77 | -824,520,039.21 | 32.10% | Decrease in equity investment expenditures |
| Net cash flows from financing activities | -458,675,244.36 | 1,257,055,108.43 | -136.49% | Net borrowing inflow decreased during the current reporting period |
On March 4
th2021, the Company received a notice from shareholder Gong Hongjia, informing the Companythat between November 6
th 2020 and March 3
rd2021, Mr. Gong Hongjia, through block transactions, reduced hisholdings of the Company’s shares by a total of 113,103,400 shares, representing 1.21% of the total share capital ofthe Company. After the reduction, Mr. Gong Hongjia holds 972,504,814 shares of the Company, representing 10.41%of the total share capital of the Company.On April 18
th 2019, the 10
thmeeting of the fourth session of the board of directors of the Company consideredand approved the Proposal on Entering into Entrusted Management Agreement with the Company’s ControllingShareholder and Related Party Transactions. On April 19
th2019, Hangzhou EZVIZ Network Co., Ltd. (“EZVIZNetwork”), a controlled subsidiary of the Company, entered into an Entrusted Management Agreement withCETHIK Group Co., Ltd. (“CETHIK”), the controlling shareholder of the Company, and the Company’s wholly-owned subsidiary Hangzhou EZVIZ Technology Co., Ltd. (“EZVIZ Technology”). Pursuant to the EntrustedManagement Agreement, CETHIK entrusts the actual operation and management power of EZVIZ Technology toEZVIZ Network, which shall assume the full responsibility of the production, operation, and management of EZVIZTechnology. EZVIZ Network shall be entitled to the distributable profits generated by EZVIZ Technology beforeand after the entrusted management. At the same time, EZVIZ Network shall pay CETHIK the capital occupationfee at a rate equal to the interest rate of the central bank for loans of over five years plus 1%, based on the paid-incapital of EZVIZ Technology.During the current reporting period, based on the actual production, operation and business requirements ofEZVIZ Network and to further optimize the business procedures of EZVIZ Network, upon friendly and thoroughnegotiation among the three parties to the agreement, EZVIZ Network entered into the Termination Agreement ofthe Entrusted Management Agreement with CETHIK and EZVIZ Technology on March 27
th
2021. EZVIZ Networkwould no longer exercise the actual operation and management power of EZVIZ Technology, and was no longerresponsible for the production, operation and management of EZVIZ Technology.
| Overview of significant events | Disclosure Date | Temporary public disclosure website index |
| Announcement on Entering into Entrusted Management Agreement with the Company’s Controlling Shareholder and Related Party Transactions (announcement No.: 2019-026) | April 20th 2019 | www.cninfo.com.cn |
| Proposal on the Spin-off of the Subsidiary Hangzhou EZVIZ Network Co., Ltd. to Be Listed on the SSE STAR (Sci-Tech Innovation Board) Market | January 9th 2021 | www.cninfo.com.cn |
| Announcement on Reduction of More Than 1% of Shares by Shareholder (announcement No.: 2021-018) | March 5th 2021 | www.cninfo.com.cn |
| Announcement on Progress of Entering into the Termination Agreement of the Entrusted Management Agreement and Related Party Transactions (announcement No.: 2021-025) | March 30th 2021 | www.cninfo.com.cn |
Implementation progress of share repurchase
□ Applicable √ Inapplicable
Progress in the implementation of the reduction of repurchased shares by means of centralized bidding
□ Applicable √ Inapplicable
3. Unfulfilled and overdue commitments from the related committed parties such as theCompany’s actual controller, shareholders, related parties, acquirer(s), and the Companyduring the reporting period
□Applicable √Inapplicable
No such case during the reporting period.
4. Financial asset investment
1. Securities investment
□Applicable √Inapplicable
2. Details in derivatives investment
√Applicable □Inapplicable
Unit: 0,000 RMB
| Name of derivative investment operator | Relation-ship | Whether related transaction exists | Types of derivatives investment | Initial investment amount of derivatives investment | Start Date | Expiration date | Initial investment amount | Purchase amount during the current reporting period | Amount sold during the current reporting period | Amount of impairment provision (if any) | Closing investment amount | The proportion of the closing investment amount to the Company’s net assets at the end of the reporting period | Actual profit and loss amount during the reporting period |
| Commercial bank | No | No | Foreign exchange contract | 351,670.38 | October 21st 2020 | June 18th 2021 | 351,670.38 | 142,730.18 | - | - | 333,855.82 | 5.87% | 1,660.30 |
| Total | 351,670.38 | -- | -- | 351,670.38 | 142,730.18 | -- | - | 333,855.82 | 5.87% | 1,660.30 | |||
| Source of funds for derivatives investments | Own capital | ||||||||||||
| Litigation involved (if applicable) | Not applicable | ||||||||||||
| Disclosure date of the board of directors announcement for the approval of derivatives investment (if any) | April 20th 2019 / December 25th 2019 | ||||||||||||
| Disclosure date of the announcement of the shareholders meeting for the approval of derivatives investment (if any) | May 16th 2020 | ||||||||||||
| Risk analysis and control measures for derivatives holdings during the reporting period (including but not limited to market risk, liquidity risk, credit risk, operational risk, legal risk, etc.) | For specific information on risk analysis and control measures, please refer to the Announcement on Conducting Foreign Exchange Hedging Transactions in 2019 (Announcement No. 2019-021) disclosed by the Company on April 20th 2019 and Announcement on the Implementation of Foreign Exchange Hedging Transactions in 2020 (Announcement No. 2019-065) disclosed on December 25th 2019. | ||||||||||||
| Changes in market prices or product fair values of invested derivatives during the reporting period. The analysis of the fair value of derivatives should disclose the specific methods used and related assumptions and parameter settings | The Company's accounting for the fair value of derivatives is mainly for the unexpired contracts of forward foreign exchange settlement and sale transactions signed by the Company and banks during the reporting period. Based on the difference between the quotation of the unexpired forward foreign exchange settlement and sale contract at the end of the period and the forward foreign exchange price, the held-for-trading financial assets or held-for-trading financial liabilities are recognized. | ||||||||||||
| Explanation of whether the Company’s derivatives accounting policies and specific accounting principles have changed significantly during the reporting period compared with the previous reporting period | Not applicable |
| Independent directors' specific opinions on the Company's derivatives investment and risk control | Not applicable |
10. The Company’s funds used by the controlling shareholder or its related parties for non-operating purposes
□ Applicable √ Inapplicable
No such case in the reporting period.
11. Schedule for the reception activities including research, communication and interviewsduring the reporting period
√ Applicable □ Inapplicable
| Time of reception | Location of reception | Method of reception | Type of reception object | Reception object | The main content of the discussion and the information provided | Index of basic situation of the research |
| December 22nd 2020 to January 11th 2021 | Headquarters meeting room of the Company | Site Research and telephone communication | Institutional investors | 106 investors including China Asset Management-Zhang Fan, etc. | The Company's operating conditions and future prospects | CNINF, Investor Relations Activity Record: From December 22rd 2020 to January 11th 2021 |
| January 12th 2021 to January 29th 2021 | Headquarters meeting room of the Company | Site Research and telephone communication | Institutional investors | 138 investors including Huachuang Securities-Meng Can, etc. | The Company's operating conditions and future prospects | CNINF, Investor Relations Activity Record: From January 12th 2021 to January 29th 2021 |
| February 1st 2021 to March 2nd 2021 | Headquarters meeting room of the Company | Site Research and telephone communication | Institutional investors | 56 investors including Haitong self-operated -Wang Jing, etc. | The Company's operating conditions and future prospects | CNINF, Investor Relations Activity Record: From February 1st 2021 to March 2nd 2021 |
| March 3rd 2021 to March 17th 2021 | Headquarters meeting room of the Company | Site Research and telephone communication | Institutional investors | 145 investors including Orient Securities-Kuai Jian, etc. | The Company's operating conditions and future prospects | CNINF, Investor Relations Activity Record: From March 3rd 2021 to March 17th 2021 |
Section IV Financial Reports
4.1 Financial Reports
1. Consolidated Balance Sheet
Unit: RMB
| Item | March 31st 2021 | December 31st 2020 |
| Current Assets: | ||
| Cash and bank balances | 32,111,011,899.49 | 35,459,729,108.27 |
| Held-for-trading financial assets | 28,966,015.66 | 22,679,846.77 |
| Notes receivable | 1,315,201,363.11 | 1,303,252,705.19 |
| Accounts receivable | 20,973,667,434.48 | 21,979,380,716.86 |
| Receivables for financing | 1,226,759,192.33 | 1,959,601,195.25 |
| Prepayments | 358,132,475.17 | 296,334,689.86 |
| Other receivables | 776,738,302.85 | 519,143,350.82 |
| Inventories | 13,296,205,149.20 | 11,477,906,040.70 |
| Contract assets | 196,024,031.95 | 245,754,510.98 |
| Non-current assets due within one year | 1,152,521,256.39 | 1,001,208,813.83 |
| Other current assets | 638,134,044.36 | 497,914,506.64 |
| Total Current Assets | 72,073,361,164.99 | 74,762,905,485.17 |
| Non-current Assets: | ||
| Long-term receivables | 1,898,992,941.58 | 2,105,570,004.53 |
| Long-term equity investment | 852,725,144.92 | 864,026,710.23 |
| Other non-current financial assets | 514,899,633.97 | 491,939,067.27 |
| Fixed assets | 5,873,594,023.63 | 5,876,007,536.60 |
| Construction in progress | 1,715,245,946.60 | 1,425,235,193.72 |
| Right-of-use assets | 378,652,592.50 | |
| Intangible assets | 1,245,928,073.34 | 1,251,317,923.69 |
| Goodwill | 274,461,013.86 | 274,203,665.20 |
| Long-term deferred expenses | 105,494,101.65 | 108,584,686.85 |
| Deferred tax assets | 814,553,795.53 | 820,380,954.86 |
| Other non-current assets | 630,668,141.52 | 721,511,156.08 |
| Total Non-current Assets | 14,305,215,409.10 | 13,938,776,899.03 |
| Total Assets | 86,378,576,574.09 | 88,701,682,384.20 |
| Current Liabilities: | ||
| Short-term borrowings | 3,654,845,187.46 | 3,999,246,634.59 |
| Held-for-trading financial liabilities | 2,068,250.71 | 7,405,771.15 |
| Notes payable | 1,249,039,557.65 | 1,036,920,229.85 |
| Accounts payable | 9,819,229,848.36 | 13,593,884,790.19 |
| Contract Liabilities | 2,036,442,723.36 | 2,161,166,671.26 |
| Item | March 31st 2021 | December 31st 2020 |
| Payroll payable | 1,463,896,374.55 | 2,877,786,430.71 |
| Taxes payable | 2,102,853,694.16 | 1,770,057,908.62 |
| Other payables | 1,638,905,084.46 | 1,525,053,355.95 |
| Including : Interests payable | ||
| Dividends payable | 99,978,972.64 | 205,898,523.84 |
| Non-current liabilities due within one year | 3,487,487,119.31 | 3,507,680,339.78 |
| Other current liabilities | 815,971,604.11 | 745,711,579.57 |
| Total Current Liabilities | 26,270,739,444.13 | 31,224,913,711.67 |
| Non-current Liabilities: | ||
| Long-term borrowings | 1,938,063,534.97 | 1,961,167,761.30 |
| Lease liabilities | 253,242,830.34 | |
| Long-term payables | 8,361,807.34 | 39,595,459.35 |
| Provisions | 132,330,294.91 | 151,443,871.02 |
| Deferred income | 170,939,305.96 | 190,878,987.69 |
| Deferred tax liabilities | 93,050,570.22 | 92,979,823.89 |
| Other non-current liabilities | 595,127,721.21 | 560,959,368.74 |
| Total non-current liabilities | 3,191,116,064.95 | 2,997,025,271.99 |
| Total liabilities | 29,461,855,509.08 | 34,221,938,983.66 |
| Owners’ Equity | ||
| Share capital | 9,343,417,190.00 | 9,343,417,190.00 |
| Capital reserves | 5,240,457,954.06 | 5,178,777,462.09 |
| Less: Treasury shares | 1,190,255,442.42 | 1,121,918,737.47 |
| Other comprehensive income | (87,791,779.16) | (84,993,926.94) |
| Surplus reserves | 4,672,505,348.00 | 4,672,505,348.00 |
| Retained earnings | 37,975,964,138.62 | 35,806,523,826.37 |
| Total owners' equity attributable to owner of the Company | 55,954,297,409.10 | 53,794,311,162.05 |
| Minority equity | 962,423,655.91 | 685,432,238.49 |
| Total owners' equity | 56,916,721,065.01 | 54,479,743,400.54 |
| Total liabilities and owners' equity | 86,378,576,574.09 | 88,701,682,384.20 |
2. Balance Sheet of the Parent Company
Unit: RMB
| Item | March 31st 2021 | December 31st 2020 |
| Current Assets: | ||
| Cash and bank balances | 25,679,145,255.63 | 23,476,606,330.08 |
| Notes receivable | 114,004,717.43 | 107,411,912.35 |
| Accounts receivable | 23,983,472,376.09 | 24,193,392,179.36 |
| Receivables for financing | 22,284,836.68 | 12,216,215.65 |
| Prepayments | 82,699,584.12 | 62,946,087.75 |
| Other receivables | 2,224,723,264.00 | 726,703,133.65 |
| Including: Interests receivable | ||
| Dividends receivable | 22,910,404.14 | 22,910,404.14 |
| Inventories | 285,948,942.40 | 204,216,250.73 |
| Contract assets | 4,167,307.23 | 3,311,250.08 |
| Non-current assets due within one year | 73,600,189.74 | 71,208,685.76 |
| Other current assets | 24,535,425.21 | 10,110,869.86 |
| Total Current Assets | 52,494,581,898.53 | 48,868,122,915.27 |
| Non-current Assets: | ||
| Long-term receivables | 35,801,090.54 | 47,762,348.01 |
| Long-term equity investment | 6,803,099,956.82 | 6,727,373,453.97 |
| Other non-current financial assets | 512,015,413.97 | 489,054,847.27 |
| Fixed assets | 2,763,703,825.04 | 2,762,700,997.83 |
| Construction in progress | 381,675,184.52 | 388,903,828.81 |
| Right-of-use assets | 76,018,434.74 | |
| Intangible assets | 159,917,787.84 | 158,917,438.86 |
| Long-term deferred expenses | 40,463,535.71 | 43,264,691.73 |
| Deferred tax assets | 110,066,596.99 | 110,066,596.99 |
| Other non-current assets | 6,189,019.63 | 2,740,576.47 |
| Total Non-current Assets | 10,888,950,845.80 | 10,730,784,779.94 |
| Total Assets | 63,383,532,744.33 | 59,598,907,695.21 |
| Current Liabilities: | ||
| Short-term borrowings | 1,030,909,486.11 | 1,431,233,375.00 |
| Accounts payable | 509,194,119.62 | 540,664,512.60 |
| Contract liabilities | 261,904,524.56 | 240,629,015.92 |
| Item | March 31st 2021 | December 31st 2020 |
| Payroll payable | 620,881,187.83 | 1,618,357,135.99 |
| Taxes payable | 1,828,628,827.81 | 1,539,095,196.97 |
| Other payables | 3,074,411,695.11 | 659,214,959.62 |
| Including : Interests payable | ||
| Dividends payable | 99,978,972.64 | 205,898,523.84 |
| Non-current liabilities due within one year | 3,118,653,409.82 | 3,219,794,958.37 |
| Other current liabilities | 656,728,340.61 | 589,167,743.26 |
| Total Current Liabilities | 11,101,311,591.47 | 9,838,156,897.73 |
| Non-current Liabilities: | ||
| Lease liabilities | 42,048,898.62 | |
| Provisions | 85,230,299.84 | 85,230,299.84 |
| Deferred Income | 95,908,461.07 | 122,455,935.44 |
| Other non-current liabilities | 595,127,721.21 | 560,959,368.74 |
| Total non-current liabilities | 818,315,380.74 | 768,645,604.02 |
| Total liabilities | 11,919,626,972.21 | 10,606,802,501.75 |
| Owners’ Equity | ||
| Share capital | 9,343,417,190.00 | 9,343,417,190.00 |
| Capital reserves | 4,823,976,370.94 | 4,770,210,334.16 |
| Less: Treasury shares | 1,190,255,442.42 | 1,121,918,737.47 |
| Surplus reserves | 4,672,505,348.00 | 4,672,505,348.00 |
| Retained earnings | 33,814,262,305.60 | 31,327,891,058.77 |
| Total owners' equity | 51,463,905,772.12 | 48,992,105,193.46 |
| Total liabilities and owners' equity | 63,383,532,744.33 | 59,598,907,695.21 |
3. Consolidated Income Statement
Unit: RMB
| Item | 2021 Q1 | 2020 Q1 |
| I. Total operating income | 13,988,385,531.58 | 9,428,902,974.38 |
| Including：operating costs | 13,988,385,531.58 | 9,428,902,974.38 |
| II．Total operating costs | 11,316,658,363.91 | 7,747,072,149.74 |
| Including：operating costs | 7,439,068,423.51 | 4,963,386,892.35 |
| Business taxes and surcharges | 101,336,830.02 | 49,517,189.63 |
| Selling expenses | 1,786,834,444.08 | 1,375,631,338.26 |
| Administrative expenses | 404,572,784.09 | 349,741,964.56 |
| Research and Development (R&D) expenses | 1,687,820,001.28 | 1,218,291,551.09 |
| Financial expenses | (102,974,119.07) | (209,496,786.15) |
| Including：Interest expenses | 52,121,944.86 | 48,701,459.47 |
| Interest income | 183,538,676.95 | 153,642,155.64 |
| Add: Other Income | 464,549,234.50 | 301,718,659.20 |
| Investment income (loss“-“) | 5,303,647.94 | (2,717,395.11) |
| Including: Investment gains (losses) in associated enterprise and joint-venture enterprise | (11,301,565.31) | (9,935,360.93) |
| Gains (loss “-“) from changes in fair values | 34,574,820.33 | (28,072,695.09) |
| Credit impairment losses (“-“) | (197,732,278.00) | 2,621,244.53 |
| Impairment losses (“-“) of assets | (81,411,914.50) | (103,828,115.83) |
| Asset disposal income (loss“-“) | 3,464,415.12 | 1,353.60 |
| III. Operating profit (loss“-“) | 2,900,475,093.06 | 1,851,553,875.94 |
| Add: Non-operating income | 15,425,698.32 | 24,229,257.85 |
| Less: Non-operating expenses | 5,653,691.68 | 4,819,979.49 |
| IV. Total profit (loss“-“) | 2,910,247,099.70 | 1,870,963,154.30 |
| Less: Income tax expenses | 475,617,677.61 | 317,562,607.29 |
| V. Net profit (loss“-“) | 2,434,629,422.09 | 1,553,400,547.01 |
| 5.1 Classification by operation continuity | ||
| (a) Net profit (loss) on continuous operation | 2,434,629,422.09 | 1,553,400,547.01 |
| (b) Net profit (loss) on terminated operation | ||
| 5.2 Classification by attribution of ownership | ||
| (a) Net profit attributable to owners of parent company | 2,169,440,312.25 | 1,496,269,608.01 |
| (b) Profit or loss attributable to minority shareholders | 265,189,109.84 | 57,130,939.00 |
| VI. Other comprehensive income, net of income tax | (2,726,280.29) | (37,242,955.93) |
| Item | 2021 Q1 | 2020 Q1 |
| Other comprehensive income attributable to owners of the Company, net of tax | (2,797,852.20) | (34,437,334.57) |
| (I) Items that will not be reclassified subsequently to profit or loss | ||
| (II) Other comprehensive income to be reclassified to profit or loss in subsequent periods | (2,797,852.20) | (34,437,334.57) |
| 1. Other comprehensive income that can be converted to profit or loss under the equity method | ||
| 2.Changes in the fair value of other debt investments | ||
| 3.Amount of financial assets reclassified and included in other comprehensive income | ||
| 4. Other debt investment credit impairment reserves | ||
| 5. Cash flow hedge reserve | ||
| 6.Exchange differences arising on conversion of financial statements denominated in foreign currencies | (2,797,852.20) | (34,437,334.57) |
| 7.others | ||
| Other comprehensive income attributable to minority interests, net of tax | 71,571.91 | (2,805,621.36) |
| VII. Total comprehensive income | 2,431,903,141.80 | 1,516,157,591.08 |
| Total comprehensive income attributable to owners of the parent company | 2,166,642,460.05 | 1,461,832,273.44 |
| Total comprehensive income attributable to minority shareholders | 265,260,681.75 | 54,325,317.64 |
| VIII. Earnings per share | ||
| (I) Basic earnings per share | 0.235 | 0.163 |
| (II) Diluted earnings per share | 0.233 | 0.163 |
| Item | 2021 Q1 | 2020 Q1 |
| I. Total operating income | 5,525,726,049.24 | 3,888,284,807.12 |
| Less: Total operating Cost | 1,203,075,535.63 | 1,214,991,297.16 |
| Business taxes and surcharges | 56,815,962.05 | 36,706,687.00 |
| Selling expenses | 673,606,665.39 | 511,328,876.11 |
| Administrative expenses | 131,045,785.41 | 145,493,911.77 |
| Research and Development (R&D) expenses | 1,049,402,945.94 | 830,544,229.73 |
| Financial expenses | (201,426,530.85) | (143,585,206.84) |
| Including : Interest expenses | 1,151,813.31 | 8,098,667.88 |
| Interest income | 125,405,534.02 | 113,932,437.22 |
| Add: Other income | 313,529,482.40 | 255,891,866.72 |
| Item | 2021 Q1 | 2020 Q1 |
| Investment income | 28,349,522.34 | (6,057,956.31) |
| Including: Investment gain (loss) in associated enterprise and joint-venture enterprise | (9,009,792.99) | (6,057,956.31) |
| Gains (loss “-“) from changes in fair values | 22,960,566.70 | (30,856,367.84) |
| Credit impairment losses (“-“) | (58,852,300.79) | 19,945,798.13 |
| Impairment losses (“-“) of assets | 607,190.96 | 1,062,741.98 |
| Asset disposal income (loss“-“) | 3,462,440.34 | 137.59 |
| II. Operating profit (loss “-“) | 2,923,262,587.62 | 1,532,791,232.46 |
| Add: Non-operating income | 2,274,141.76 | 1,636,767.26 |
| Less: Non-operating expenses | 328,615.42 | 812,202.21 |
| III. Total profit (loss “-“) | 2,925,208,113.96 | 1,533,615,797.51 |
| Less: Income tax expenses | 438,836,867.13 | 153,380,596.34 |
| IV. Net profit (loss “-“) | 2,486,371,246.83 | 1,380,235,201.17 |
| (a) Net profit (loss “-“) on continuous operation | 2,486,371,246.83 | 1,380,235,201.17 |
| (b) Net profit (loss “-“) on terminated operation | ||
| V. Other comprehensive income, net of income tax | ||
| VI. Total comprehensive income | 2,486,371,246.83 | 1,380,235,201.17 |
| Item | 2021 Q1 | 2020 Q1 |
| I. Cash flows from operating activities: | ||
| Cash received from sale of goods or rendering of services | 16,428,465,685.12 | 12,364,575,383.68 |
| Receipts of tax refunds | 991,809,469.82 | 701,767,590.55 |
| Other cash receipts relating to operating activities | 588,410,871.02 | 253,999,575.53 |
| Sub-total of cash inflows from operating activities | 18,008,686,025.96 | 13,320,342,549.76 |
| Cash payments for goods purchased and services received | 13,971,786,080.20 | 11,970,068,113.92 |
| Cash paid to and on behalf of employees | 4,336,320,740.87 | 3,665,925,547.95 |
| Payments of various types of taxes | 938,996,033.15 | 1,179,545,852.70 |
| Other cash payments relating to operating activities | 779,690,285.97 | 486,851,200.13 |
| Sub-total of cash outflows from operating activities | 20,026,793,140.19 | 17,302,390,714.70 |
| Item | 2021 Q1 | 2020 Q1 |
| Net Cash flows from Operating Activities | (2,018,107,114.23) | (3,982,048,164.94) |
| II. Cash flows from Investing Activities: | ||
| Cash receipts from recovery of investments | 1,426,348,673.18 | 2,800,000.00 |
| Cash receipts from investment income | 7,216,471.65 | |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 5,980,574.19 | 3,661,297.33 |
| Other cash receipts relating to investing activities | 18,179,686.32 | 19,764,416.70 |
| Sub-total of cash inflows from investing activities | 1,450,508,933.69 | 33,442,185.68 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 600,635,383.06 | 545,872,224.89 |
| Cash paid to acquire investments | 1,409,737,177.40 | |
| Net cash paid to acquire subsidiaries and other business units | 312,090,000.00 | |
| Sub-total of cash outflows from investing activities | 2,010,372,560.46 | 857,962,224.89 |
| Net cash flows from Investing Activities | (559,863,626.77) | (824,520,039.21) |
| III. Cash flows from financing activities: | ||
| Cash receipts from capital contributions | 5,500,000.00 | 4,500,000.00 |
| Including: cash receipts from capital contributions from minority owners of subsidiaries | 5,500,000.00 | |
| Cash receipts from borrowings | 438,000,000.00 | 1,825,210,239.36 |
| Sub-total of cash inflows from financing activities | 443,500,000.00 | 1,829,710,239.36 |
| Cash repayments of borrowings | 807,825,160.67 | 518,982,508.77 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 64,425,606.92 | 53,672,622.16 |
| Other cash payments relating to financing activities | 29,924,476.77 | |
| Sub-total of cash outflows from financing activities | 902,175,244.36 | 572,655,130.93 |
| Net cash flows from Financing Activities | (458,675,244.36) | 1,257,055,108.43 |
| IV. Effect of foreign exchange rate changes on Cash and Cash Equivalents | (37,562,227.05) | 14,803,212.07 |
| V. Net decrease in Cash and Cash Equivalents | (3,074,208,212.41) | (3,534,709,883.65) |
| Add: Opening balance of Cash and Cash Equivalents | 35,024,837,878.31 | 26,515,668,008.40 |
| VI. Closing Balance of Cash and Cash Equivalents | 31,950,629,665.90 | 22,980,958,124.75 |
6. Cash Flow Statement of the Parent Company
Unit: RMB
| Item | 2021 Q1 | 2020 Q1 |
| I. Cash flows from Operating Activities:: | ||
| Cash receipts from the sale of goods and the rendering of services | 6,216,217,986.06 | 3,440,793,769.61 |
| Receipts of tax refunds | 259,141,181.69 | 233,879,202.17 |
| Other cash receipts relating to operating activities | 2,714,150,577.01 | 196,263,149.03 |
| Sub-total of cash inflows from operating activities | 9,189,509,744.76 | 3,870,936,120.81 |
| Cash payments for goods acquired and services received | 1,525,602,508.68 | 1,457,795,777.54 |
| Cash payments to and on behalf of employees | 2,325,677,915.54 | 2,125,981,304.27 |
| Payments of various types of taxes | 630,778,577.74 | 860,524,128.27 |
| Other cash payments relating to operating activities | 1,746,345,958.85 | 3,788,161,986.18 |
| Sub-total of cash outflows from operating activities | 6,228,404,960.81 | 8,232,463,196.26 |
| Net Cash flows from Operating Activities | 2,961,104,783.95 | (4,361,527,075.45) |
| II. Cash flows from Investing Activities: | ||
| Cash receipts from recovery of investments | 33,859,315.33 | 2,800,000.00 |
| Cash receipts from investment income | 3,500,000.00 | |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 5,803,938.63 | 1,190,957.34 |
| Other cash receipts relating to investing activities | 2,543,566,042.49 | |
| Sub-total of cash inflows from investing activities | 43,163,253.96 | 2,547,556,999.83 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 127,412,549.60 | 147,896,373.36 |
| Cash payments to acquire investments | 70,000,000.00 | |
| Net cash paid to acquire subsidiaries and other business units | 623,491,250.00 | |
| Sub-total of cash outflows from investing activities | 197,412,549.60 | 771,387,623.36 |
| Net Cash flows from Investing Activities | (154,249,295.64) | 1,776,169,376.47 |
| III. Cash flows from Financing Activities | ||
| Cash receipts from capital contributions | 4,714,600.00 | |
| Cash receipts from borrowings | 1,214,164,938.24 | |
| Sub-total of cash inflows from financing activities | 1,218,879,538.24 |
| Item | 2021 Q1 | 2020 Q1 |
| Cash repayments of borrowings | 400,000,000.00 | 8,863,858.01 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 7,542,458.71 | 13,231,510.58 |
| Other cash payments relating to financing activities | 7,820,293.00 | |
| Sub-total of cash outflows from financing activities | 415,362,751.71 | 22,095,368.59 |
| Net Cash flows from Financing Activities | (415,362,751.71) | 1,196,784,169.65 |
| IV. Effect of foreign exchange rate changes on Cash and Cash Equivalents | 4,495,623.40 | 85,110,683.25 |
| V. Net increase(decrease) in cash and cash equivalents | 2,395,988,360.00 | (1,303,462,846.08) |
| Add: Beginning balance of cash and cash equivalents | 23,264,693,578.70 | 16,656,028,410.72 |
| VI. Closing Balance of Cash and Cash Equivalents | 25,660,681,938.70 | 15,352,565,564.64 |
| Item | December 31st 2020 | January 1st 2021 | Adjustments |
| Current Assets: | |||
| Cash and bank balances | 35,459,729,108.27 | 35,459,729,108.27 | 0.00 |
| Held-for-trading financial assets | 22,679,846.77 | 22,679,846.77 | 0.00 |
| Notes receivable | 1,303,252,705.19 | 1,303,252,705.19 | 0.00 |
| Accounts receivable | 21,979,380,716.86 | 21,979,380,716.86 | 0.00 |
| Receivables for financing | 1,959,601,195.25 | 1,959,601,195.25 | 0.00 |
| Prepayments | 296,334,689.86 | 293,382,571.11 | -2,952,118.75 |
| Other receivables | 519,143,350.82 | 519,026,062.82 | -117,288.00 |
| Inventories | 11,477,906,040.70 | 11,477,906,040.70 | 0.00 |
| Contract assets | 245,754,510.98 | 245,754,510.98 | 0.00 |
| Non-current assets due within one year | 1,001,208,813.83 | 1,001,208,813.83 | 0.00 |
| Other current assets | 497,914,506.64 | 497,437,052.76 | -477,453.88 |
| Total Current Assets | 74,762,905,485.17 | 74,759,358,624.54 | -3,546,860.63 |
| Non-current Assets: |
| Item | December 31st 2020 | January 1st 2021 | Adjustments |
| Long-term receivables | 2,105,570,004.53 | 2,105,570,004.53 | 0.00 |
| Long-term equity investment | 864,026,710.23 | 864,026,710.23 | 0.00 |
| Other non-current financial assets | 491,939,067.27 | 491,939,067.27 | 0.00 |
| Fixed assets | 5,876,007,536.60 | 5,830,677,198.85 | -45,330,337.75 |
| Construction in progress | 1,425,235,193.72 | 1,425,235,193.72 | 0.00 |
| Right-of-use assets | 392,720,632.07 | 392,720,632.07 | |
| Intangible assets | 1,251,317,923.69 | 1,251,317,923.69 | 0.00 |
| Goodwill | 274,203,665.20 | 274,203,665.20 | 0.00 |
| Long-term deferred expenses | 108,584,686.85 | 108,584,686.85 | 0.00 |
| Deferred tax assets | 820,380,954.86 | 820,380,954.86 | 0.00 |
| Other non-current assets | 721,511,156.08 | 721,511,156.08 | 0.00 |
| Total Non-current Assets | 13,938,776,899.03 | 14,286,167,193.35 | 347,390,294.32 |
| Total Assets | 88,701,682,384.20 | 89,045,525,817.89 | 343,843,433.69 |
| Current Liabilities: | |||
| Short-term borrowings | 3,999,246,634.59 | 3,999,246,634.59 | 0.00 |
| Held-for-trading financial liabilities | 7,405,771.15 | 7,405,771.15 | 0.00 |
| Notes payable | 1,036,920,229.85 | 1,036,920,229.85 | 0.00 |
| Accounts payable | 13,593,884,790.19 | 13,593,884,790.19 | 0.00 |
| Contract liabilities | 2,161,166,671.26 | 2,161,166,671.26 | 0.00 |
| Payroll payable | 2,877,786,430.71 | 2,877,786,430.71 | 0.00 |
| Taxes payable | 1,770,057,908.62 | 1,770,057,908.62 | 0.00 |
| Other payables | 1,525,053,355.95 | 1,525,053,355.95 | 0.00 |
| Including : Interests payable | |||
| Dividends payable | 205,898,523.84 | 205,898,523.84 | 0.00 |
| Non-current liabilities due within one year | 3,507,680,339.78 | 3,644,521,493.05 | 136,841,153.27 |
| Other current liabilities | 745,711,579.57 | 745,711,579.57 | 0.00 |
| Total Current Liabilities | 31,224,913,711.67 | 31,361,754,864.94 | 136,841,153.27 |
| Non-current Liabilities: | |||
| Long-term borrowings | 1,961,167,761.30 | 1,961,167,761.30 | 0.00 |
| Lease liabilities | 229,593,779.26 | 229,593,779.26 | |
| Long-term payables | 39,595,459.35 | 17,003,960.51 | -22,591,498.84 |
| Provisions | 151,443,871.02 | 151,443,871.02 | 0.00 |
| Deferred income | 190,878,987.69 | 190,878,987.69 | 0.00 |
| Deferred tax liabilities | 92,979,823.89 | 92,979,823.89 | 0.00 |
| Other non-current liabilities | 560,959,368.74 | 560,959,368.74 | 0.00 |
| Item | December 31st 2020 | January 1st 2021 | Adjustments |
| Total non-current liabilities | 2,997,025,271.99 | 3,204,027,552.41 | 207,002,280.42 |
| Total liabilities | 34,221,938,983.66 | 34,565,782,417.35 | 343,843,433.69 |
| Owners’ Equity | |||
| Share capital | 9,343,417,190.00 | 9,343,417,190.00 | 0.00 |
| Capital reserves | 5,178,777,462.09 | 5,178,777,462.09 | 0.00 |
| Less: Treasury shares | 1,121,918,737.47 | 1,121,918,737.47 | 0.00 |
| Other comprehensive income | -84,993,926.94 | -84,993,926.94 | 0.00 |
| Surplus reserves | 4,672,505,348.00 | 4,672,505,348.00 | 0.00 |
| Retained earnings | 35,806,523,826.37 | 35,806,523,826.37 | 0.00 |
| Total owners' equity attributable to owner of the Company | 53,794,311,162.05 | 53,794,311,162.05 | 0.00 |
| Minority equity | 685,432,238.49 | 685,432,238.49 | 0.00 |
| Total owners' equity | 54,479,743,400.54 | 54,479,743,400.54 | 0.00 |
| Total liabilities and owners' equity | 88,701,682,384.20 | 89,045,525,817.89 | 343,843,433.69 |
| Item | December 31st 2020 | January 1st 2021 | Adjustments |
| Current Assets: | |||
| Cash and bank balances | 23,476,606,330.08 | 23,476,606,330.08 | 0.00 |
| Notes receivable | 107,411,912.35 | 107,411,912.35 | 0.00 |
| Accounts receivable | 24,193,392,179.36 | 24,193,392,179.36 | 0.00 |
| Receivables for financing | 12,216,215.65 | 12,216,215.65 | 0.00 |
| Prepayments | 62,946,087.75 | 62,946,087.75 | 0.00 |
| Other receivables | 726,703,133.65 | 726,703,133.65 | 0.00 |
| Inventories | 204,216,250.73 | 204,216,250.73 | 0.00 |
| Contract assets | 3,311,250.08 | 3,311,250.08 | 0.00 |
| Non-current assets due within one year | 71,208,685.76 | 71,208,685.76 | 0.00 |
| Other current assets | 10,110,869.86 | 10,110,869.86 | 0.00 |
| Total Current Assets | 48,868,122,915.27 | 48,868,122,915.27 | 0.00 |
| Non-current Assets: | |||
| Long-term receivables | 47,762,348.01 | 47,762,348.01 | 0.00 |
| Long-term equity investment | 6,727,373,453.97 | 6,727,373,453.97 | 0.00 |
| Other non-current financial assets | 489,054,847.27 | 489,054,847.27 | 0.00 |
| Fixed assets | 2,762,700,997.83 | 2,762,700,997.83 | 0.00 |
| Construction in progress | 388,903,828.81 | 388,903,828.81 | 0.00 |
| Right-of-use assets | 66,446,154.01 | 66,446,154.01 |
| Item | December 31st 2020 | January 1st 2021 | Adjustments |
| Intangible assets | 158,917,438.86 | 158,917,438.86 | 0.00 |
| Long-term deferred expenses | 43,264,691.73 | 43,264,691.73 | 0.00 |
| Deferred tax assets | 110,066,596.99 | 110,066,596.99 | 0.00 |
| Other non-current assets | 2,740,576.47 | 2,740,576.47 | 0.00 |
| Total Non-current Assets | 10,730,784,779.94 | 10,797,230,933.95 | 66,446,154.01 |
| Total Assets | 59,598,907,695.21 | 59,665,353,849.22 | 66,446,154.01 |
| Current Liabilities: | |||
| Short-term borrowings | 1,431,233,375.00 | 1,431,233,375.00 | 0.00 |
| Accounts payable | 540,664,512.60 | 540,664,512.60 | 0.00 |
| Contract liabilities | 240,629,015.92 | 240,629,015.92 | 0.00 |
| Payroll payable | 1,618,357,135.99 | 1,618,357,135.99 | 0.00 |
| Taxes payable | 1,539,095,196.97 | 1,539,095,196.97 | 0.00 |
| Other payables | 659,214,959.62 | 659,214,959.62 | 0.00 |
| Including : Interests payable | |||
| Dividends payable | 205,898,523.84 | 205,898,523.84 | 0.00 |
| Non-current liabilities due within one year | 3,219,794,958.37 | 3,249,794,123.42 | 29,999,165.05 |
| Other current liabilities | 589,167,743.26 | 589,167,743.26 | 0.00 |
| Total Current Liabilities | 9,838,156,897.73 | 9,868,156,062.78 | 29,999,165.05 |
| Non-current Liabilities: | |||
| Lease liabilities | 36,446,988.96 | 36,446,988.96 | |
| Provisions | 85,230,299.84 | 85,230,299.84 | 0.00 |
| Deferred income | 122,455,935.44 | 122,455,935.44 | 0.00 |
| Other non-current liabilities | 560,959,368.74 | 560,959,368.74 | 0.00 |
| Total non-current liabilities | 768,645,604.02 | 805,092,592.98 | 36,446,988.96 |
| Total liabilities | 10,606,802,501.75 | 10,673,248,655.76 | 66,446,154.01 |
| Owners’ Equity | |||
| Share capital | 9,343,417,190.00 | 9,343,417,190.00 | |
| Capital reserves | 4,770,210,334.16 | 4,770,210,334.16 | 0.00 |
| Less: Treasury shares | 1,121,918,737.47 | 1,121,918,737.47 | 0.00 |
| Surplus reserves | 4,672,505,348.00 | 4,672,505,348.00 | 0.00 |
| Retained earnings | 31,327,891,058.77 | 31,327,891,058.77 | 0.00 |
| Total owners' equity | 48,992,105,193.46 | 48,992,105,193.46 | 0.00 |
| Total liabilities and owners' equity | 59,598,907,695.21 | 59,665,353,849.22 | 66,446,154.01 |
(2) Description of retrospective adjustment to prior comparative data for the initial implementation of thenew lease standard since the fiscal year of 2021.
√Applicable □Inapplicable
The Group has adopted the Accounting Standard for Business Enterprises No. 21 – Leases amended by the Ministry of Financein 2018 (the “New Lease Standard”, and the standard for leases before amendment, the “Original Lease Standard”) with effect from 1January 2021 (“Date of Initial Application”). The New Lease Standard for Leases improves the definition of leases, adds contentsincluding the identification, separation and portfolio of leases; abolishes the classification of operating leases and financial leases forlessees, and requires recognition of right-of-use assets and lease liabilities for all leases (except for short-term leases and leases of lowvalue assets) upon lease commencement, as well as recognition of depreciation and interest expenses respectively; improves thesubsequent measurement of leases for lessees, adds accounting treatment methods in the event of option reassessment and leaseadjustment, and adds relevant disclosure requirements. In addition, it enriches the disclosure contents for lessors. For contracts thatexisted before the Date of Initial Application, the Group opted not to reassess whether a contract is, or contains, a lease at the date ofinitial application. As lessee, the Group adjusted the retained earnings at the beginning of the fiscal year of first-time adoption and theamounts of other related items in the financial statements based on the cumulative amounts affected by first-time adoption of the NewLease Standard, and did not adjust the information for comparative periods.
The effects of adoption of the New Lease Standard on balance sheet items on January 1
st2021 are set out as follows:
Consolidated Balance Sheet
Unit: RMB
| Item | Under Original Lease Standard | Reclassification (Note) | Under New Lease Standard |
| Current Assets： | |||
| Prepayments | 296,334,689.86 | -2,952,118.75 | 293,382,571.11 |
| Other receivables | 519,143,350.82 | -117,288.00 | 519,026,062.82 |
| Other current assets | 497,914,506.64 | -477,453.88 | 497,437,052.76 |
| Non-current assets: | |||
| Fixed assets | 5,876,007,536.60 | -45,330,337.75 | 5,830,677,198.85 |
| Right-of-use assets | 392,720,632.07 | 392,720,632.07 | |
| Current Liabilities: | |||
| Non-current liabilities due within one year | 3,507,680,339.78 | 136,841,153.27 | 3,644,521,493.05 |
| Non-current Liabilities: | |||
| Long-term payables | 39,595,459.35 | -22,591,498.84 | 17,003,960.51 |
| Lease liabilities | 229,593,779.26 | 229,593,779.26 |
Balance Sheet of the Parent Company
Unit: RMB
| Item | Under Original Lease Standard | Reclassification (Note) | Under New Lease Standard |
| Non-current assets: | |||
| Right-of-use assets | 66,446,154.01 | 66,446,154.01 | |
| Current Liabilities: | |||
| Non-current liabilities due within one year | 3,219,794,958.37 | 29,999,165.05 | 3,249,794,123.42 |
| Non-current Liabilities: | |||
| Lease liabilities | 36,446,988.96 | 36,446,988.96 |