2020 Third Quarter Report
Of
Chongqing Changan Automobile Company Limited
October, 2020
Chapter 1 Important NotesThe Board of Directors, the Supervisory Committee and directors, supervisors and seniormanagement of Chongqing Changan Automobile Company Limited (hereinafter referred to as “theCompany”) hereby guarantee that no false or misleading statement or major omission was made tothe materials in this report and that they will assume all the responsibilities, individually and jointly,for the trueness, accuracy and completeness of the contents of this report.Except the following directors, all the directors attended the board meeting for reviewing thethird quarter report.
| The name of the directors absent | Positions | Reasons for the absence | Name of the consignee |
| Tan Xiaogang | Director | Go out on business | Zhou Zhiping |
| Chen Quanshi | Independent director | Go out on business | Pang Yong |
| Wei Xinjiang | Independent director | Go out on business | Liu Jipeng |
| Lv Laisheng | Director | Go out on business | -- |
Chapter 2 Basic InformationI. Main accounting data and financial indicatorsDoes the company conduct the retrospective adjustment or restatement of previous years accounting data due to changes inaccounting policies or accounting errors?
□Yes √No
In RMB Yuan
| The reporting period | The same period of last year | Variance (%) | ||
| Total assets | 111,454,983,833.18 | 97,617,053,590.38 | 14.18% | |
| Net assets attributable to shareholders of listed company | 47,574,285,870.08 | 44,028,312,743.66 | 8.05% | |
| The reporting period | Variance (%) | Amount of the period from the beginning of year to the end of report term | Variance (%) | |
| Operating income | 23,059,924,854.44 | 51.32% | 55,841,582,333.54 | 23.77% |
| Net profit attributable to shareholders of the Company | 883,806,569.75 | 309.70% | 3,485,972,972.43 | 230.98% |
| Net profit excluding non-recurring gains and losses attributable to shareholders of listed company | 519,048,534.49 | 183.52% | -2,097,839,766.98 | 40.63% |
| cash flow from operating activities | - | - | 7,019,439,880.31 | 86.80% |
| Basic earnings per share | 0.18 | 325.00% | 0.73 | 232.73% |
| Diluted earnings per share | - | - | - | - |
| Weighted average return on net assets | 1.93% | Increase by 2.89 percentage points | 7.61% | Increase by 13.54 percentage points |
| Item | Amount of the period from the beginning of year to the end of report term |
| Non-current asset disposal gains and losses | 3,547,958,240.58 |
| Government subsidies included in the profit and loss of the current period (Except closely related to business operations, in accordance with the national unified standard quota or quantitative enjoyment of government subsidies) | 404,396,688.75 |
| In addition to the effective hedging business related to the normal business of the company, the gains and losses from changes in fair value arising from the holding of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and disposal of transactional financial assets, derivative finance Investment income from assets, trading financial liabilities, derivative financial liabilities and other debt investments | 1,960,648,739.46 |
| Gains and losses from entrusted loans | 10,344,929.28 |
| Other non-business income and expenditures other than the above items | -11,478,048.37 |
| Interest on deferred payment of funds received by non-financial enterprises | 33,690,992.81 |
| Subtract: Influenced amount of income tax | 341,014,560.27 |
| Influenced amount of miniority shareholders’ equity (after tax) | 20,734,242.83 |
| Total | 5,583,812,739.41 |
| As of the reporting period, the total number of shareholders | 137,049 | Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) | 0 | ||||||
| Top 10 Shareholders | |||||||||
| Name of the shareholder | Properties of shareholder | Percentage of total shares （%） | Number of shares | Conditional shares | Pledging or freezing | ||||
| Share status | Amount | ||||||||
| China South Industries Group Co., Ltd. | State-owned legal person shares | 20.84% | 1,001,080,085 | No pledge or frozen | - | ||||
| China Changan Automobile Co., | State-owned legal person | 19.32% | 928,044,946 | No pledge or | - | ||||
| Ltd. | shares | frozen | |||||||
| China securities finance Co, Ltd | domestic general legal person shares | 4.88% | 234,265,333 | No pledge or frozen | - | ||||
| Hong Kong Central Clearing Company Limited | foreign legal person shares | 4.79% | 229,847,911 | No pledge or frozen | - | ||||
| United Prosperity (Hong Kong) Investment Co., Limited. | foreign legal person shares | 3.21% | 154,120,237 | No pledge or frozen | - | ||||
| Central Huijin Investment Ltd. | domestic general legal person shares | 1.15% | 55,393,100 | No pledge or frozen | - | ||||
| GIC PRIVATE LIMITED | foreign legal person shares | 0.73% | 35,283,393 | No pledge or frozen | - | ||||
| DRAGON BILLION SELECT MASTER FUND | foreign legal person shares | 0.57% | 27,561,583 | No pledge or frozen | - | ||||
| Qianhai Life Insurance Co., Ltd.-own funds | fund, finance products, etc. | 0.57% | 27,162,766 | No pledge or frozen | - | ||||
| CAPE ANN GLOBAL DEVELOPING MARKETS FUND | foreign legal person shares | 0.50% | 24,130,860 | No pledge or frozen | - | ||||
| Top 10 holders of unconditional shares | |||||||||
| Name of the shareholder | Amount of shares without sales restriction | Category of shares | |||||||
| Category of shares | Category of shares | ||||||||
| China South Industries Group Co., Ltd. | 1,001,080,085 | RMB ordinary shares | 1,001,080,085 | ||||||
| China Changan Automobile Co., Ltd. | 928,044,946 | RMB ordinary shares | 928,044,946 | ||||||
| China securities finance Co, Ltd | 234,265,333 | RMB ordinary shares | 234,265,333 | ||||||
| Hong Kong Central Clearing Company Limited | 229,847,911 | RMB ordinary shares | 229,847,911 | ||||||
| United Prosperity (Hong Kong) Investment Co., Limited. | 154,120,237 | Domestic listed foreign shares | 154,120,237 | ||||||
| Central Huijin Investment Ltd. | 55,393,100 | RMB ordinary shares | 55,393,100 | ||||||
| GIC PRIVATE LIMITED | 35,283,393 | Domestic listed foreign shares | 35,283,393 | ||||||
| DRAGON BILLION SELECT MASTER FUND | 27,561,583 | Domestic listed foreign shares | 27,561,583 | ||||||
| Qianhai Life Insurance Co., Ltd.-own funds | 27,162,766 | RMB ordinary shares | 27,162,766 | ||||||
| CAPE ANN GLOBAL DEVELOPING MARKETS FUND | 24,130,860 | Domestic listed foreign shares | 24,130,860 | ||||||
| Explanation on the relationship and the action alike of above shareholders | Among the top 10 shareholders, China South Industries Group Co., Ltd., the actual controller; China Changan Automobile Group Co., Ltd., the controlling shareholder, and its wholly owned subsidiary United Prosperity | ||||||||
(Hong Kong) Investment Co., Limited. belong to the concerted actorregulated by “Disclosure Administration of Shares Change Information ofThe Listed Company”.
Whether the company top 10 shareholders of ordinary shares, and the top 10 circulated shareholders agreed on the repurchasetransactions during the report period
□Applicable √Not Applicable
The top 10 shareholders of ordinary shares, and the top 10 circulated shareholders have not agreed on the repurchase transactionsduring the report period
2. Total number of preferred shareholders at the end of the reporting period and statement on preferredshares held by the top ten tradable shareholders
□Applicable √Not Applicable
Chapter 3 Important Matters
I. Significant changes & reasons in major accounting data, financial indicators
√Applicable □Not Applicable
| As at the end of reporting period, the company’s total asset was 111.455 billion yuan, with 14.18% increase compared with the beginning of the year. The total liability was 63.997 billion yuan, with 19.17% increase compared with the beginning of the year. The debt asset ratio was 57.40%, which was 2.41 percentage points higher than that at the beginning of the year. The substantial increase in cash was mainly due to the net cash inflow from operating activities and investment activities during the current period. Transactional financial assets decreased significantly, mainly due to the sale of transactional financial assets. The | ||||||
significant increase in accounts receivable was mainly due to the changes in the scope of consolidation during the current period.The accounts receivable in the original consolidation scope were converted into accounts receivable outside the consolidationscope. Inventories increased substantially, mainly due to the increase in Inventories. Contract assets increased substantially, mainlydue to new energy vehicle subsidies received this year. Other current assets decreased significantly, mainly due to the decrease inthe debit balance of value-added tax payable. Short-term loans increased significantly due to the company’s new borrowings.Contract liabilities increased significantly, mainly due to the increase in advance payments from dealers. Other payables decreasedsignificantly, mainly due to the transfer of CAPSA disposal funds into investment income. The substantial increase in long-termloans was due to the company's new special loans this year.
During the reporting period, taxes and surcharges increased sharply, mainly due to the increase in income, which caused theincrease in value-added tax, consumption tax and surcharges. The general and administrative expenses increased significantly,mainly due to changes in organization and prepaid wages. Other income decreased significantly, mainly due to the decrease ingovernment financial subsidies obtained. Investment income increased significantly, mainly due to the income from the mixedreform of new energy technology companies and the sale of CAPSA equity. Gains from changes in fair value increasedsignificantly, mainly due to changes in fair value of transactional financial assets. Income tax expense decreased significantly,mainly due to the increase in deductible temporary differences. The net profit attributable to the owners increased significantly,mainly due to the company's sales growth, product structure optimization, substantial improvement in profitability of independentbusinesses, and steady increase in profitability of joint venture businesses. At the same time, non-recurring gains and lossesincreased by approximately 5.6 billion yuan in net profit attributable to shareholders of listed companies.During the reporting period, the net increase of cash and cash equivalents increased significantly, mainly due to the net cashinflow from operating activities and investment activities during the current period. The net cash flow from operating activitiesincreased significantly, mainly due to the increase in cash received from sales of goods and provision of labor services. The netcash flow from investment activities increased significantly, mainly due to the sale of transactional financial assets. The net cashflow from financing activities increased significantly, mainly due to the increase in borrowings.
II. The progress and influence of significant events and the analysis and explanation onresolving proposal
√Applicable □Not Applicable
(1) Non-public offering of shares
On April 27, 2020, the company held the 64th meeting of the seventh board of directors, at which 13 proposals including the"Proposal on the Company's Non-public Issuance of A Shares" were reviewed and approved, and the company plans to issuenon-public shares to specific targets. The total amount of raised funds does not exceed 6 billion yuan (including this figure). Fordetails, please refer to the relevant announcement disclosed by the company on the http://www.cninfo.com.cn on April 28, 2020.On May 22, 2020, this matter was approved by the 2019 Annual General Meeting of Shareholders (Announcement No.:
2020-44).
On June 9, 2020, the company received the application acceptance form for administrative license of China SecuritiesRegulatory Commission (Announcement No.: 2020-52).
On July 24, 2020, the company held the third meeting of the eighth session of the board of directors, and approved 5 proposalsincluding the "Proposal on Adjusting the Company's 2020 Non-public Issuance of A Shares-The Validity Period of Resolutions of theGeneral Meeting of Shareholders". For details, please refer to the relevant announcement disclosed by the company on thehttp://www.cninfo.com.cn website on July 25, 2020.
On August 10, 2020, the relevant adjustment proposal was approved by the third extraordinary general meeting of shareholdersin 2020 (Announcement No.: 2020-74).
On September 18, 2020, the company received the "Reply for the Approval of Non-public Issuance of Shares by ChongqingChangan Automobile Co., Ltd." issued by the China Securities Regulatory Commission (Announcement No.: 2020-84).
(2) Free transfer matters
On April 18, 2020, the company disclosed the "Indicative Announcement Concerning the Gratuitous Transfer of 0.71% Equityof the Company by the Actual Controller" (Announcement No.: 2020-18). The company’s actual controller, China South IndustriesGroup has signed a free transfer agreement with China Power Technology Investment Holdings Co., Ltd. (hereinafter referred to as“China Power Technology Investment Holdings”) to transfer 34,232,588 shares of Changan Automobile for free., which accounts for
0.71% of the company’s total issued shares.
On May 29, 2020, the company disclosed the "Announcement on Obtaining the Approval of the State-owned Assets Supervisionand Administration Commission of the State Council for the Gratuitous Transfer of the Company's Equity by the Actual Controller"(Announcement No.: 2020-45). On June 19, 2020, the company disclosed the "Announcement on the Completion of TransferRegistration for the Gratuitous Transfer of State-owned Equity of the Actual Controller" (Announcement No.: 2020-54), confirmingthat the transfer and registration procedures of the above-mentioned freely transferred shares was completed, and the transfer datewas June 18, 2020.
(3) Equity incentive matters
On July 13, 2020, the company held the second meeting of the eighth session of the board of directors and approved threeproposals related to the restricted stock incentive plan. For details, please refer to the "Announcement of Resolutions of the SecondMeeting of the Eighth Board of Directors" (Announcement number: 2020-63).
Implementation progress of share repurchase
□Applicable √Not Applicable
Progress in the implementation of the reduction of share repurchase by centralized bidding
□Applicable √Not Applicable
III. Commitments made within the reporting period by the controlling shareholders,shareholders, related party, acquirer and the company overdue and not fulfilled
□Applicable √Not Applicable
During the reporting period, the company's actual controllers, shareholders, related parties, purchasers and companies and othercommitment parties don’t have any overdue unfulfilled commitments.IV. Securities investment
(1)Equity-holdings in financial enterprises
√Applicable □Not Applicable
| Securities variety | Securities code | Securities short name | Initial investment cost（Yuan） | Number of shares held at the beginning of the period（Share） | Percentage of shares held at the beginning of the period | Number of shares held at the end of the period（Share） | Percentage of shares held at the end of the period | Book value at the end of the period （Yuan） | Reporting period profit and loss （Yuan） | Accounting account | Source of shares |
| Stock | 600369 | Southwest Securities | 50,000,000 | 35,500,000 | 0.63% | 33,630,000 | 0.51% | 176,893,800.00 | 6,856,244.22 | Transactional financial assets | Initial investment |
| Stock | 300750 | CATL | 1,000,000,821 | 22,999,575 | 1.06% | 1,149,159 | 0.05% | 240,404,062.80 | 1,960,539,622.40 | Transactional financial assets | Initial investment |
| Total | 1,050,000,821 | 58,499,575 | -- | 34,779,159 | -- | 417,297,862.80 | 1,967,395,866.62 | -- | -- | ||
| Date | Manner | Object | Content discussed and material offered |
| 2020.01.14 | On-Site Survey | Institution | For details, see the January 16, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: January 14, 2020 |
| investor relations activities record sheet | |||
| 2020.01.21 | On-Site Survey | Institution | For details, see the January 21, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: January 21, 2020 investor relations activities record sheet |
| 2020.04.30 | "Panorama·Roadshow World" Webcast | All investors | For details, see the May 6, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: April 30, 2020 investor relations activities record sheet |
| 2020.05.07 | Telephone conference | Institution | For details, see the May 9, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: May 7, 2020 investor relations activities record sheet |
| 2020.05.08 | Telephone conference | Institution | For details, see the May 9, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: May 8, 2020 investor relations activities record sheet |
| 2020.05.12 | Telephone conference | Institution | For details, see the May 14, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: May 12, 2020 investor relations activities record sheet(1) |
| 2020.05.12 | On-Site Survey | Institution | For details, see the May 14, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: May 12, 2020 investor relations activities record sheet(2) |
| 2020.06.24 | On-Site Survey | Institution | For details, see the June 28, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: June 24, 2020 investor relations activities record sheet |
| 2020.07.14 | Telephone conference | Institution | For details, see the July 17, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: July 14, 2020 investor relations activities record sheet |
| 2020.07.15 | Telephone conference | Institution | For details, see the July 17, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: July 15, 2020 investor relations activities record sheet |
| 2020.07.16 | Telephone conference | Institution | For details, see the July 17, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: July 16, 2020 investor relations activities record sheet |
| 2020.07.17 | On-Site Survey | Institution | For details, see the July 21, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: July 17, 2020 investor relations activities record sheet |
| 2020.08.31 | On-Site Survey | Institution | For details, see the September 2, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: August 31, 2020 investor relations activities record sheet |
| 2020.09.01 | On-Site Survey | Institution | For details, see the September 3, 2020 Shenzhen stock exchange interactive (http://irm.cninfo.com.cn) on the Changan Automobile: September 1, 2020 investor relations activities record sheet |
Chapter 4 Financial StatementsI. Financial Statements
1. Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.
In RMB Yuan
| Account | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Cash | 21,523,795,949.13 | 10,066,171,353.48 |
| Transactional financial assets | 417,297,862.80 | 2,419,476,200.00 |
| Notes receivable | 30,413,714,401.95 | 26,805,635,587.19 |
| Accounts receivable | 2,168,748,567.22 | 838,314,076.82 |
| Prepayments | 704,484,935.11 | 623,801,896.07 |
| Other receivables | 252,819,974.76 | 3,731,755,992.46 |
| Inventories | 4,854,582,355.32 | 3,375,441,488.37 |
| Contract assets | 1,795,811,136.71 | - |
| Other current assets | 999,687,355.44 | 1,746,120,128.04 |
| Total current assets | 63,130,942,538.44 | 49,606,716,722.43 |
| Non-current assets: | ||
| Long-term receivables | 12,285,663,719.73 | 11,008,336,989.09 |
| Other equity investment | 731,506,100.00 | 734,506,100.00 |
| Investment properties | 6,932,816.05 | 7,102,849.72 |
| Fixed assets | 25,868,780,947.38 | 26,939,490,554.19 |
| Construction in progress | 1,983,254,088.69 | 1,729,803,028.43 |
| Intangible assets | 5,005,050,384.40 | 5,209,619,313.49 |
| Development expenditure | 656,321,457.16 | 814,745,464.20 |
| Goodwill | 42,586,584.41 | 9,804,394.00 |
| Long-term deferred expenses | 11,178,367.22 | 14,327,639.90 |
| Deferred tax assets | 1,732,766,829.70 | 1,542,600,534.93 |
| Total non-current assets | 48,324,041,294.74 | 48,010,336,867.95 |
| Total assets | 111,454,983,833.18 | 97,617,053,590.38 |
| Current liabilities: | ||
| Short-term loans | 380,000,000.00 | 229,580,000.00 |
| Notes payable | 17,247,043,895.19 | 13,430,543,294.23 |
| Accounts payable | 21,767,207,102.05 | 18,905,725,271.50 |
| Advances from customers | - | 2,315,641,685.78 |
| Contract liabilities | 5,289,446,772.53 | - |
| Payroll payable | 1,447,674,590.20 | 1,046,335,781.91 |
| Taxes payable | 747,018,131.42 | 889,092,442.80 |
| Other payables | 2,847,502,506.48 | 4,809,918,141.45 |
| Other current liabilities | 5,097,986,867.56 | 4,253,942,761.77 |
| Total current liabilities | 54,823,879,865.43 | 45,880,779,379.44 |
| Non-current liabilities: | ||
| Long-term loans | 1,555,300,000.00 | 55,300,000.00 |
| Long-term payable | 733,843,848.69 | 857,356,423.71 |
| Long term payroll payable | 42,757,719.81 | 45,932,000.00 |
| Estimated liabilities | 3,333,071,776.86 | 3,352,580,839.28 |
| Deferred earnings | 3,351,421,757.75 | 3,194,291,079.21 |
| Deferred tax liabilities | 136,332,297.60 | 296,742,890.29 |
| Total non-current liabilities | 9,152,727,400.71 | 7,802,203,232.49 |
| Total liabilities | 63,976,607,266.14 | 53,682,982,611.93 |
| Owners’ equity: | ||
| Share capital | 4,802,648,511.00 | 4,802,648,511.00 |
| Capital reserves | 5,366,097,594.66 | 5,366,097,594.66 |
| Other Comprehensive Income | 168,429,195.19 | 139,994,580.19 |
| Special reserves | 78,641,781.70 | 47,076,242.71 |
| Surplus reserves | 2,401,324,255.50 | 2,401,324,255.50 |
| Retained earnings | 34,757,144,532.03 | 31,271,171,559.60 |
| Equity attributable to owners | 47,574,285,870.08 | 44,028,312,743.66 |
| Minority interests | -95,909,303.04 | -94,241,765.21 |
| Total equity | 47,478,376,567.04 | 43,934,070,978.45 |
| Total liabilities and owener’s equity | 111,454,983,833.18 | 97,617,053,590.38 |
Legal person: Zhu Huarong Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng
2. Balance Sheet
In RMB Yuan
| Account | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Cash | 17,029,501,888.30 | 6,563,020,335.56 |
| Transactional financial assets | 176,893,800.00 | 184,245,000.00 |
| Notes receivable | 29,375,242,977.48 | 25,837,326,483.09 |
| Accounts receivable | 5,778,121,669.49 | 5,094,270,365.72 |
| Prepayments | 496,420,849.75 | 403,105,316.24 |
| Other receivables | 1,240,530,868.92 | 2,597,314,344.40 |
| Inventories | 3,074,491,279.82 | 1,735,570,691.28 |
| Contract assets | 1,172,197,092.60 | - |
| Other current assets | 389,992,598.91 | 798,430,035.62 |
| Total current assets | 58,733,393,025.27 | 43,213,282,571.91 |
| Non-current assets: | ||
| Long-term equity investments | 15,124,868,084.61 | 16,052,319,271.82 |
| Other equity investment | 721,309,400.00 | 724,309,400.00 |
| Fixed assets | 19,285,216,175.68 | 20,301,231,002.41 |
| Construction in progress | 1,679,999,223.82 | 1,545,211,000.22 |
| Intangible assets | 3,656,821,788.41 | 4,030,438,649.57 |
| Development expenditure | 558,477,357.68 | 431,774,377.27 |
| Long-term deferred expenses | 7,428,051.29 | 9,719,259.84 |
| Deferred tax assets | 1,494,121,159.07 | 1,318,884,054.48 |
| Total non-current assets | 42,528,241,240.56 | 44,413,887,015.61 |
| Total assets | 101,261,634,265.83 | 87,627,169,587.52 |
| Current liabilities: | ||
| Short-term loans | 310,000,000.00 | 29,580,000.00 |
| Notes payable | 14,490,288,462.75 | 11,983,445,725.06 |
| Accounts payable | 19,346,216,599.63 | 15,601,432,751.74 |
| Advances from customers | - | 1,870,992,349.08 |
| Contract liabilities | 4,871,687,965.73 | - |
| Payroll payable | 1,139,239,054.00 | 641,340,149.30 |
| Taxes payable | 575,189,732.39 | 453,619,905.66 |
| Other payables | 2,537,112,623.44 | 4,301,257,819.04 |
| Other current liabilities | 4,130,092,838.96 | 3,400,065,879.02 |
| Total current liabilities | 47,399,827,276.90 | 38,281,734,578.90 |
| Non-current liabilities: | ||
| Long-term loans | 1,555,300,000.00 | 55,300,000.00 |
| Long-term payable | 162,300,028.54 | 285,768,478.89 |
| Long term payroll payable | 19,956,878.06 | 22,747,000.00 |
| Estimated liabilities | 2,485,065,446.17 | 2,413,434,397.36 |
| Deferred earnings | 2,141,455,899.06 | 2,135,615,106.85 |
| Deferred tax liabilities | 80,853,445.83 | 81,775,341.60 |
| Total non-current liabilities | 6,444,931,697.66 | 4,994,640,324.70 |
| Total liabilities | 53,844,758,974.56 | 43,276,374,903.60 |
| Owners' equity: | ||
| Share capital | 4,802,648,511.00 | 4,802,648,511.00 |
| Capital reserves | 5,014,772,792.87 | 5,014,772,792.87 |
| Other comprehensive income | 259,380,413.58 | 259,380,413.58 |
| Special reserves | 21,064,487.30 | 19,917,658.63 |
| Surplus reserves | 2,401,324,255.50 | 2,401,324,255.50 |
| Retained earnings | 34,917,684,831.02 | 31,852,751,052.34 |
| Total owners' equity | 47,416,875,291.27 | 44,350,794,683.92 |
| Total liabilities and owners’ equity | 101,261,634,265.83 | 87,627,169,587.52 |
| Account | Current Period | Prior Period |
| 1.Total operating revenue | 23,059,924,854.44 | 15,239,641,870.97 |
| Less:Operating cost | 19,854,726,032.02 | 12,377,295,658.38 |
| Tax and surcharges | 870,223,433.60 | 499,570,118.20 |
| Operating expenses | 776,936,277.11 | 1,373,059,373.36 |
| General and administrative expenses | 1,196,476,733.07 | 715,873,415.81 |
| Research and development expenses | 832,151,987.62 | 506,613,694.43 |
| Financial expenses | -56,682,430.59 | -35,453,408.66 |
| Add: Other income | 188,418,733.47 | 141,492,994.54 |
| Investment income | 524,094,923.69 | -414,068,660.88 |
| Including: Investment income from associates and joint venture | 309,260,124.00 | -469,708,441.67 |
| Gains from changes in fair value | 62,568,799.56 | 87,070,018.18 |
| Credit impairment loss | 6,359,894.64 | -4,361,637.66 |
| Asset impairment loss | -1,970,600.37 | - |
| Gain on disposal of assets | 230,996.02 | 5,165,289.52 |
| 2.Operating profit | 365,795,568.62 | -382,018,976.85 |
| Add: Non-operating income | 8,485,196.78 | 5,135,954.79 |
| Less: Non-operating expenses | -209,540.54 | 20,336,854.47 |
| 3.Total profit | 374,490,305.94 | -397,219,876.53 |
| Less: Income tax expense | -508,192,319.47 | 25,352,762.93 |
| 4.Net profit | 882,682,625.41 | -422,572,639.46 |
| Classification by going concern | ||
| Net profit from continuing operations | 882,682,625.41 | -422,572,639.46 |
| Net profit from discontinued operations | ||
| Classification by ownership attribution | ||
| Net profit attributable to owners | 883,806,569.75 | -421,470,641.21 |
| Minority interests | -1,123,944.34 | -1,101,998.25 |
| 5.Other comprehensive income, net of tax | 21,667,675.63 | 13,299,672.07 |
| Net after-tax net of other comprehensive income attributable to the parent company owner | 21,667,675.63 | 13,299,672.07 |
| Other comprehensive income that will be reclassified into profit or loss | 21,667,675.63 | 13,299,672.07 |
| Foreign currency financial statement translation difference | 21,667,675.63 | 13,299,672.07 |
| 6.Total comprehensive income | 904,350,301.04 | -409,272,967.39 |
| Total comprehensive income attributable to owners | 905,474,245.38 | -408,170,969.14 |
| Total comprehensive income attributable to minority interest | -1,123,944.34 | -1,101,998.25 |
| 7.Earnings per share |
| Basic earnings per share | 0.18 | -0.08 |
| Diluted earnings per share | Not applicable | Not applicable |
| Account | Current Period | Prior Period |
| 1.Operating revenue | 22,405,653,698.10 | 14,120,637,727.72 |
| Less: Operating cost | 19,804,992,963.20 | 12,031,564,713.41 |
| Tax and surcharges | 564,573,659.98 | 358,002,714.07 |
| Operating expenses | 761,720,910.64 | 968,592,956.55 |
| General and administrative expenses | 978,360,073.16 | 473,600,026.95 |
| Research and development expenses | 753,736,455.57 | 460,428,130.07 |
| Financial expenses | -82,499,176.26 | -32,976,211.68 |
| Add: Other income | 48,537,577.77 | 34,022,327.37 |
| Investment income | 3,286,330,730.80 | -384,329,858.65 |
| Including: Investment income from associates and joint venture | 393,278,347.97 | -431,385,259.48 |
| Gains from changes in fair value | 22,532,100.00 | -15,265,000.00 |
| Credit impairment loss | 1,695,735.18 | -2,514,873.36 |
| Asset impairment loss | - | - |
| Gain on disposal of assets | - | 3,009,509.76 |
| 2.Operating profit | 2,983,864,955.56 | -503,652,496.53 |
| Add: Non-operating income | 7,238,557.75 | 3,122,855.88 |
| Less: Non-operating expenses | - | 18,753,563.34 |
| 3.Total profit | 2,991,103,513.31 | -519,283,203.99 |
| Less: Income tax expense | -90,372,920.40 | -3,216,467.13 |
| 4.Net profit | 3,081,476,433.71 | -516,066,736.86 |
| Net profit from continuing operations | 3,081,476,433.71 | -516,066,736.86 |
| Net profit from discontinued operations | ||
| 5.Other comprehensive income, net of tax | ||
| 6.Total comprehensive income | 3,081,476,433.71 | -516,066,736.86 |
| 7.Earnings per share | ||
| Basic earnings per share | 0.64 | -0.11 |
| Diluted earnings per share | Not applicable | Not applicable |
| Account | Current Period | Prior Period |
| 1.Total operating revenue | 55,841,582,333.54 | 45,115,421,967.81 |
| Less: Operating cost | 49,589,341,729.65 | 39,796,706,285.30 |
| Tax and surcharges | 2,076,509,817.05 | 1,579,840,592.98 |
| Operating expenses | 2,047,653,359.18 | 2,816,275,914.66 |
| General and administrative expenses | 2,360,629,505.98 | 1,559,033,968.43 |
| Research and development expenses | 2,296,706,411.04 | 2,226,773,353.31 |
| Financial expenses | -154,735,975.97 | -132,286,117.81 |
| Add: Other income | 404,396,688.75 | 762,226,068.65 |
| Investment income | 3,524,898,587.68 | -522,405,370.82 |
| Including: Investment income from associates and joint venture | -219,022,032.89 | -578,045,151.61 |
| Gains from changes in fair value | 1,816,243,496.56 | 127,407,169.45 |
| Credit impairment loss | -16,940,224.37 | -13,891,371.32 |
| Asset impairment loss | -210,213,218.08 | -152,676,538.06 |
| Gain on disposal of assets | 33,659,642.99 | 14,557,748.80 |
| 2.Operating profit | 3,177,522,460.14 | -2,515,704,322.36 |
| Add: Non-operating income | 39,664,057.22 | 23,972,635.23 |
| Less: Non-operating expenses | 51,142,105.59 | 32,981,921.67 |
| 3.Total profit | 3,166,044,411.77 | -2,524,713,608.80 |
| Less: Income tax expense | -318,261,022.83 | 141,920,459.01 |
| 4.Net profit | 3,484,305,434.60 | -2,666,634,067.81 |
| Classification by going concern | ||
| Net profit from continuing operations | 3,484,305,434.60 | -2,666,634,067.81 |
| Net profit from discontinued operations | ||
| Classification by ownership attribution | ||
| Net profit attributable to owners | 3,485,972,972.43 | -2,661,510,402.32 |
| Minority interests | -1,667,537.83 | -5,123,665.49 |
| 5.Other comprehensive income, net of tax | 28,434,615.00 | 35,867,520.20 |
| Net after-tax net of other comprehensive income | 28,434,615.00 | 35,867,520.20 |
| attributable to the parent company owner | ||
| Other comprehensive income that will be reclassified into profit or loss | 28,434,615.00 | 35,867,520.20 |
| Foreign currency financial statement translation difference | 28,434,615.00 | 35,867,520.20 |
| 6.Total comprehensive income | 3,512,740,049.60 | -2,630,766,547.61 |
| Total comprehensive income attributable to owners | 3,514,407,587.43 | -2,625,642,882.12 |
| Total comprehensive income attributable to minority interest | -1,667,537.83 | -5,123,665.49 |
| 7.Earnings per share | ||
| Basic earnings per share | 0.73 | -0.55 |
| Diluted earnings per share | Not applicable | Not applicable |
| Account | Current Period | Prior Period |
| 1.Operating revenue | 52,164,573,595.47 | 40,925,746,049.94 |
| Less: Operating cost | 47,716,851,866.23 | 36,669,471,484.36 |
| Tax and surcharges | 1,326,595,162.77 | 1,213,169,611.10 |
| Operating expenses | 1,722,760,567.36 | 1,870,809,533.03 |
| General and administrative expenses | 1,704,843,597.33 | 781,474,535.63 |
| Research and development expenses | 2,134,550,600.79 | 2,170,651,071.80 |
| Financial expenses | -180,469,941.05 | -121,729,573.14 |
| Add: Other income | 106,422,387.91 | 440,862,305.46 |
| Investment income | 5,603,470,503.46 | -458,228,680.98 |
| Including: Investment income from associates and joint venture | -36,967,363.11 | -509,433,452.89 |
| Gains from changes in fair value | 1,232,100.00 | 36,565,000.00 |
| Credit impairment loss | -19,418,826.10 | -6,896,127.61 |
| Asset impairment loss | -162,746,163.89 | -141,818,001.51 |
| Gain on disposal of assets | -10,976,304.75 | 9,756,936.37 |
| 2.Operating profit | 3,257,425,438.67 | -1,777,859,181.11 |
| Add: Non-operating income | 30,164,079.45 | 17,355,197.17 |
| Less: Non-operating expenses | 43,916,807.17 | 27,472,289.72 |
| 3.Total profit | 3,243,672,710.95 | -1,787,976,273.66 |
| Less: Income tax expense | -176,159,000.35 | 96,571,829.17 |
| 4.Net profit | 3,419,831,711.30 | -1,884,548,102.83 |
| Net profit from continuing operations | 3,419,831,711.30 | -1,884,548,102.83 |
| Net profit from discontinued operations | ||
| 5.Other comprehensive income, net of tax | ||
| 6.Total comprehensive income | 3,419,831,711.30 | -1,884,548,102.83 |
| 7.Earnings per share | ||
| Basic earnings per share | 0.71 | -0.39 |
| Diluted earnings per share | Not applicable | Not applicable |
| Account | Current Period | Prior Period |
| 1.Cash flows from operating activities: | ||
| Cash received from sale of goods or rendering of services | 59,930,321,923.05 | 52,195,863,813.18 |
| Refunds of taxes | 360,670,888.01 | 370,518,656.33 |
| Cash received relating to other operating activities | 2,075,715,232.73 | 4,051,700,128.82 |
| Subtotal of cash inflows | 62,366,708,043.79 | 56,618,082,598.33 |
| Cash paid for goods and services | 43,414,997,218.34 | 41,039,472,205.53 |
| Cash paid to and on behalf of employees | 3,908,561,563.58 | 4,256,843,195.40 |
| Cash paid for all types of taxes | 2,917,091,828.88 | 2,275,961,263.72 |
| Cash paid relating to other operating activities | 5,106,617,552.68 | 5,287,982,030.32 |
| Subtotal of cash outflows | 55,347,268,163.48 | 52,860,258,694.97 |
| Net cash flows from operating activities | 7,019,439,880.31 | 3,757,823,903.36 |
| 2.Cashflows from investing activities: | ||
| Cash received from return on investments | 1,763,103,867.38 | - |
| Cash received from investment income | 4,123,878,052.39 | 1,382,556,705.95 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 48,841,644.04 | 9,246,980.58 |
| Cash received relating to other investing activities | 18,790,704.55 | 2,198,000.00 |
| Subtotal of cash inflows | 5,954,614,268.36 | 1,394,001,686.53 |
| Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 2,826,038,840.71 | 3,313,861,816.59 |
| Cash paid for acquisition of investments | 150,604,996.00 | 936,788,517.00 |
| Cash paid relating to other investing activities | 104,231,229.20 | 315,938,190.60 |
| Subtotal of cash outflows | 3,080,875,065.91 | 4,566,588,524.19 |
| Net cash flows from investing activities | 2,873,739,202.45 | -3,172,586,837.66 |
| 3.Cash flows from financing activities: | ||
| Cash received from borrowing | 2,011,525,472.30 | 85,580,000.00 |
| Cash received relating to other financing activities | 243,609,412.22 | 6,166,032.98 |
| Subtotal of cash inflows | 2,255,134,884.52 | 91,746,032.98 |
| Cash repayments of borrowings | 361,105,472.30 | 52,708,100.00 |
| Cash paid for distribution of dividends or profits and interest expenses | 31,841,983.79 | 119,340,285.40 |
| Cash paid relating to other financing activities | 369,422,231.01 | 333,635,591.15 |
| Subtotal of cash outflows | 762,369,687.10 | 505,683,976.55 |
| Net cash flows from financing activities | 1,492,765,197.42 | -413,937,943.57 |
| 4.Effect of changes in exchange rate on cash | -41,476,426.32 | 30,891,589.91 |
| 5.Net increase in cash and cash equivalents | 11,344,467,853.86 | 202,190,712.04 |
| Add: Opening balance of cash and cash equivalents | 9,360,474,674.89 | 9,648,153,614.80 |
| 6.Closing balance of cash and cash equivalents | 20,704,942,528.75 | 9,850,344,326.84 |
| Account | Current Period | Prior Period |
| 1.Cash flows from operating activities: | ||
| Cash received from sale of goods or rendering of services | 52,480,910,634.81 | 47,436,005,517.08 |
| Cash received relating to other operating activities | 723,986,897.62 | 2,387,245,384.10 |
| Subtotal of cash inflows | 53,204,897,532.43 | 49,823,250,901.18 |
| Cash paid for goods and services | 39,732,970,912.48 | 37,783,862,965.51 |
| Cash paid to and on behalf of employees | 2,833,913,413.03 | 2,963,826,773.83 |
| Cash paid for all types of taxes | 1,539,194,258.50 | 1,594,920,019.03 |
| Cash paid relating to other operating activities | 3,406,567,463.74 | 4,938,851,025.43 |
| Subtotal of cash outflows | 47,512,646,047.75 | 47,281,460,783.80 |
| Net cash flows from operating activities | 5,692,251,484.68 | 2,541,790,117.38 |
| 2.Cashflows from investing activities: | ||
| Cash received from return on investments | 1,942,989,489.98 | - |
| Cash received from investment income | 3,916,753,315.02 | 1,389,178,372.61 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 93,034.76 | - |
| Cash received relating to other investing activities | 16,388,900.00 | - |
| Subtotal of cash inflows | 5,876,224,739.76 | 1,389,178,372.61 |
| Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 1,738,710,737.94 | 3,084,777,049.44 |
| Cash paid for acquisition of investments | 1,127,218,581.00 | 997,294,972.55 |
| Cash paid relating to other investing activities | - | 300,000,000.00 |
| Subtotal of cash outflows | 2,865,929,318.94 | 4,382,072,021.99 |
| Net cash flows from investing activities | 3,010,295,420.82 | -2,992,893,649.38 |
| 3.Cash flows from financing activities: | ||
| Cash received from borrowings | 1,839,580,000.00 | 29,580,000.00 |
| Subtotal of cash inflows | 1,839,580,000.00 | 29,580,000.00 |
| Cash paid for debt repayment | 59,160,000.00 | - |
| Cash paid for distribution of dividends or profits and interest expenses | 16,485,352.76 | 105,545,010.80 |
| Subtotal of cash outflows | 75,645,352.76 | 105,545,010.80 |
| Net cash flows from financing activities | 1,763,934,647.24 | -75,965,010.80 |
| 4.Effect of changes in exchange rate on cash | - | - |
| 5.Net increase in cash and cash equivalents | 10,466,481,552.74 | -527,068,542.80 |
| Add: Opening balance of cash and cash equivalents | 6,563,020,335.56 | 7,310,973,018.99 |
| 6.Closing balance of cash and cash equivalents | 17,029,501,888.30 | 6,783,904,476.19 |
II. Notes on financial statement adjustments
1. Since 2020, the first implementation of the new revenue standards, the new lease standards to adjust thefirst implementation of the financial statements at the beginning of the year.
√Applicable □Not Applicable
Consolidated balance sheet
In RMB Yuan
| Account | December 31, 2019 | January 01, 2020 | Adjustment |
| Current assets: | |||
| Cash | 10,066,171,353.48 | 10,066,171,353.48 | |
| Transactional financial assets | 2,419,476,200.00 | 2,419,476,200.00 | |
| Notes receivable | 26,805,635,587.19 | 26,805,635,587.19 | |
| Accounts receivable | 838,314,076.82 | 838,314,076.82 | |
| Prepayments | 623,801,896.07 | 623,801,896.07 | |
| Other receivables | 3,731,755,992.46 | 269,534,090.37 | -3,462,221,902.09 |
| Inventories | 3,375,441,488.37 | 3,375,441,488.37 | |
| Contract assets | 3,462,221,902.09 | 3,462,221,902.09 | |
| Other current assets | 1,746,120,128.04 | 1,746,120,128.04 | |
| Total current assets | 49,606,716,722.43 | 49,606,716,722.43 | |
| Non-current assets: | |||
| Long-term receivables | 11,008,336,989.09 | 11,008,336,989.09 | |
| Other equity investment | 734,506,100.00 | 734,506,100.00 | |
| Investment properties | 7,102,849.72 | 7,102,849.72 | |
| Fixed assets | 26,939,490,554.19 | 26,939,490,554.19 | |
| Construction in progress | 1,729,803,028.43 | 1,729,803,028.43 | |
| Intangible assets | 5,209,619,313.49 | 5,209,619,313.49 | |
| Devlopment expenditure | 814,745,464.20 | 814,745,464.20 | |
| Goodwill | 9,804,394.00 | 9,804,394.00 | |
| Long-term deferred expenses | 14,327,639.90 | 14,327,639.90 | |
| Deferred tax assets | 1,542,600,534.93 | 1,542,600,534.93 | |
| Total non-current assets | 48,010,336,867.95 | 48,010,336,867.95 | |
| Total assets | 97,617,053,590.38 | 97,617,053,590.38 | |
| Current liabilities: | |||
| Short-term loans | 229,580,000.00 | 229,580,000.00 | |
| Notes payable | 13,430,543,294.23 | 13,430,543,294.23 |
| Accounts payable | 18,905,725,271.50 | 18,905,725,271.50 | |
| Advances from customers | 2,315,641,685.78 | -2,315,641,685.78 | |
| Contract liabilities | 2,315,641,685.78 | 2,315,641,685.78 | |
| Payroll payable | 1,046,335,781.91 | 1,046,335,781.91 | |
| Taxes payable | 889,092,442.80 | 889,092,442.80 | |
| Other payables | 4,809,918,141.45 | 4,809,918,141.45 | |
| Other current liabilities | 4,253,942,761.77 | 4,253,942,761.77 | |
| Total current liabilities | 45,880,779,379.44 | 45,880,779,379.44 | |
| Non-current liabilities: | |||
| Long-term loans | 55,300,000.00 | 55,300,000.00 | |
| Long-term payable | 857,356,423.71 | 857,356,423.71 | |
| Long term payroll payable | 45,932,000.00 | 45,932,000.00 | |
| Estimated liabilities | 3,352,580,839.28 | 3,352,580,839.28 | |
| Deferred earnings | 3,194,291,079.21 | 3,194,291,079.21 | |
| Deferred tax liabilities | 296,742,890.29 | 296,742,890.29 | |
| Total non-current liabilities | 7,802,203,232.49 | 7,802,203,232.49 | |
| Total liabilities | 53,682,982,611.93 | 53,682,982,611.93 | |
| Owners’ equity: | |||
| Share capital | 4,802,648,511.00 | 4,802,648,511.00 | |
| Capital reserves | 5,366,097,594.66 | 5,366,097,594.66 | |
| Other Comprehensive Income | 139,994,580.19 | 139,994,580.19 | |
| Special reserves | 47,076,242.71 | 47,076,242.71 | |
| Surplus reserves | 2,401,324,255.50 | 2,401,324,255.50 | |
| Retained earnings | 31,271,171,559.60 | 31,271,171,559.60 | |
| Equity attributable to owners | 44,028,312,743.66 | 44,028,312,743.66 | |
| Minority interests | -94,241,765.21 | -94,241,765.21 | |
| Total equity | 43,934,070,978.45 | 43,934,070,978.45 | |
| Total liabilities and owener’s equity | 97,617,053,590.38 | 97,617,053,590.38 |
Balance sheet
In RMB Yuan
| Account | December 31, 2019 | January 01, 2020 | Adjustment |
| Current assets: | |||
| Cash | 6,563,020,335.56 | 6,563,020,335.56 | |
| Transactional financial assets | 184,245,000.00 | 184,245,000.00 | |
| Notes receivable | 25,837,326,483.09 | 25,837,326,483.09 | |
| Accounts receivable | 5,094,270,365.72 | 5,094,270,365.72 | |
| Prepayments | 403,105,316.24 | 403,105,316.24 | |
| Other receivables | 2,597,314,344.40 | 941,161,145.80 | -1,656,153,198.60 |
| Inventories | 1,735,570,691.28 | 1,735,570,691.28 | |
| Contract assets | 1,656,153,198.60 | 1,656,153,198.60 | |
| Other current assets | 798,430,035.62 | 798,430,035.62 | |
| Total current assets | 43,213,282,571.91 | 43,213,282,571.91 | |
| Non-current assets: | |||
| Long-term equity investments | 16,052,319,271.82 | 16,052,319,271.82 | |
| Other equity investment | 724,309,400.00 | 724,309,400.00 | |
| Fixed assets | 20,301,231,002.41 | 20,301,231,002.41 | |
| Construction in progress | 1,545,211,000.22 | 1,545,211,000.22 | |
| Intangible assets | 4,030,438,649.57 | 4,030,438,649.57 | |
| Development expenditure | 431,774,377.27 | 431,774,377.27 | |
| Long-term deferred expenses | 9,719,259.84 | 9,719,259.84 | |
| Deferred tax assets | 1,318,884,054.48 | 1,318,884,054.48 | |
| Total non-current assets | 44,413,887,015.61 | 44,413,887,015.61 | |
| Total assets | 87,627,169,587.52 | 87,627,169,587.52 | |
| Current liabilities: | |||
| Short-term loans | 29,580,000.00 | 29,580,000.00 | |
| Notes payable | 11,983,445,725.06 | 11,983,445,725.06 | |
| Accounts payable | 15,601,432,751.74 | 15,601,432,751.74 | |
| Advances from customers | 1,870,992,349.08 | -1,870,992,349.08 | |
| Contract liabilities | 1,870,992,349.08 | 1,870,992,349.08 | |
| Payroll payable | 641,340,149.30 | 641,340,149.30 | |
| Taxes payable | 453,619,905.66 | 453,619,905.66 | |
| Other payables | 4,301,257,819.04 | 4,301,257,819.04 |
| Other current liabilities | 3,400,065,879.02 | 3,400,065,879.02 | |
| Total current liabilities | 38,281,734,578.90 | 38,281,734,578.90 | |
| Non-current liabilities: | |||
| Long-term loans | 55,300,000.00 | 55,300,000.00 | |
| Long-term payable | 285,768,478.89 | 285,768,478.89 | |
| Long term payroll payable | 22,747,000.00 | 22,747,000.00 | |
| Estimated liabilities | 2,413,434,397.36 | 2,413,434,397.36 | |
| Deferred earnings | 2,135,615,106.85 | 2,135,615,106.85 | |
| Deferred tax liabilities | 81,775,341.60 | 81,775,341.60 | |
| Total non-current liabilities | 4,994,640,324.70 | 4,994,640,324.70 | |
| Total liabilities | 43,276,374,903.60 | 43,276,374,903.60 | |
| Owners' equity: | |||
| Share capital | 4,802,648,511.00 | 4,802,648,511.00 | |
| Capital reserves | 5,014,772,792.87 | 5,014,772,792.87 | |
| Other comprehensive income | 259,380,413.58 | 259,380,413.58 | |
| Special reserves | 19,917,658.63 | 19,917,658.63 | |
| Surplus reserves | 2,401,324,255.50 | 2,401,324,255.50 | |
| Retained earnings | 31,852,751,052.34 | 31,852,751,052.34 | |
| Total owners' equity | 44,350,794,683.92 | 44,350,794,683.92 | |
| Total liabilities and owners’ equity | 87,627,169,587.52 | 87,627,169,587.52 |