Bengang Steel Plates Co., Ltd.Third Quarter Report 2019 October 2019 I. Important Notice The Board of Directors, the Supervisory Committee and the Directors, members of theSupervisory Committee and senior management of the Company guarantee that thereare no misrepresentations or misleading statements, or material omission in this report,and individually and collectively accept full responsibility for the authenticity,accuracy and integrity of the information contained in this report.All the members of the Board of Directors attended the board meeting on which thisreport was examined.Gao Lie, Chairman of the Company, Shen Qiang, the principal in charge of theaccounting, and Zhao Zhonghua, Chief of Accounting Affairs, make the pledge for theauthenticity, accuracy and integrity of the attached financial statements. II. Company Profile I. Summary of Accounting data and Financial index Whether the Company makes retroactive adjustment or restatement of the accounting data of the previous year □ Yes √ No | At the end of the current period | At the end of previous year | Increase or decrease at the end of this reporting period over the previous year | Total assets(RMB) | 63,759,364,131.78 | 59,632,504,915.83 | 6.92% | Net assets attributable to shareholders of the listed company(RMB) | 19,439,854,342.60 | 19,126,258,116.67 | 1.64% | | This reporting period | Increase or decrease over the same period of the previous year | From the beginning of this year to the end of this reporting period | Increase or decrease over the same period of the previous year | Operating income(RMB) | 14,441,830,940.38 | 8.48% | 38,544,426,107.52 | 4.87% | Net profit attributable to the shareholders of the listed company(RMB) | 34,229,631.12 | -49.83% | 487,439,246.88 | -40.93% | Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company(RMB) | 26,305,669.24 | -49.16% | 479,515,285.00 | -38.26% | Net Cash flow generated by business operation(RMB) | -- | -- | 4,055,738,221.28 | -41.50% | Basic earnings per share(RMB/Share) | 0.01 | -50.00% | 0.13 | -38.10% | Diluted earnings per share(RMB/Share) | 0.01 | -50.00% | 0.13 | -38.10% | Weighted average net assets yield | 0.18% | -0.18% | 2.53% | -2.44% |
Unit: Yuan Items | From the beginning of the year to the end of the current period | Notes | Profit or loss from disposal of non-current assets (including the write-off part for which assets impairment provision is made) | -55,191,533.14 | | Details of government subsidies recorded into current profits and loss(except such government subsidy closely related to the company’s normal business operation, meeting the regulation of national policy and enjoyed constantly in certain quota or quantity according to a certain standard) | 62,516,500.00 | | Profit or loss from debt restructuring | 50,640.00 | | Other non-operating revenue and expenditure other than above items | 762,123.88 | | Less: Impact of income tax | 203,190.97 | | Impact of minority interests (after tax) | 10,577.89 | | Total | 7,923,961.88 | -- |
Total number of common shareholders at the end of the reporting period | 53,728 | The total number of preferred shareholders whose voting rights has been restored at end of the reporting period(if any) | 0 | Shareholding by Top 10 shareholders | Name of the | Nature of | Proportion of | Quantity of | Amount of | Number of share pledged/frozen |
shareholder | shareholder | shares held | shares | restricted shares held | State of share | Quantity | Benxi Steel & Iron (Group) Co., Ltd. | State-owned legal person | 61.44% | 2,381,105,094 | | Pledged | 732,115,333 | Frozen | 45,000,000 | Liaoning Provincial Transportation Investment Group Co., Ltd. | State-owned legal person | 4.77% | 184,842,883 | | | | CCB Principal Asset Management – ICBC – CR Trust – CR Trust · Xing Sheng No. 5 Collective Fund Trust Plan | Others | 4.77% | 184,842,883 | | | | Bei Xin Rui Feng Fund – China Merchants Bank – Bei Xin Rui Feng Fund Feng Qing No. 229 Asset Management Plan | Others | 4.77% | 184,842,883 | | | | China Life AMP Fund– ICBC – China Life AMP – Hua Xin Trust Targeted Additional Shares Issuance No. 10 Asset Management Plan | Others | 4.77% | 184,842,883 | | | | Liang Zhongqing | Domestic natural person | 0.71% | 27,623,365 | | | | Liu Qiuying | Domestic natural person | 0.34% | 13,274,400 | | | | VANGUARD EMERGING | Overseas legal person | 0.21% | 8,157,311 | | | |
MARKETS STOCK INDEX FUND | | | | | | | Chen Jinhong | Domestic natural person | 0.18% | 6,876,375 | | | | Yi Honglu | Domestic natural person | 0.17% | 6,426,080 | | | | Shareholding of top 10 shareholders of unrestricted shares | Name of the shareholder | Number of non-restricted common shares held at the period-end | Category of shares | Category of shares | Quantity | Benxi Steel & Iron (Group) Co., Ltd. | 2,381,105,094 | Common shares in RMB | 2,381,105,094 | Liaoning Provincial Transportation Investment Group Co., Ltd. | 184,842,883 | Common shares in RMB | 184,842,883 | CCB Principal Asset Management – ICBC – CR Trust – CR Trust · Xing Sheng No. 5 Collective Fund Trust Plan | 184,842,883 | Common shares in RMB | 184,842,883 | Bei Xin Rui Feng Fund – China Merchants Bank – Bei Xin Rui Feng Fund Feng Qing No. 229 Asset Management Plan | 184,842,883 | Common shares in RMB | 184,842,883 | China Life AMP Fund– ICBC – China Life AMP – Hua Xin Trust Targeted Additional Shares Issuance No. 10 Asset Management Plan | 184,842,883 | Common shares in RMB | 184,842,883 | Liang Zhongqing | 27,623,365 | Common shares in RMB | 27,623,365 | Liu Qiuying | 13,274,400 | Common shares in RMB | 13,274,400 | VANGUARD EMERGING MARKETS STOCK INDEX FUND | 8,157,311 | Foreign shares placed in domestic exchange | 8,157,311 | Chen Jinhong | 6,876,375 | Common shares in RMB | 6,876,375 | Yi Honglu | 6,426,080 | Common shares in | 6,426,080 |
| | RMB | | Related-parties or acting-in-concert parties among the above-mentioned shareholders | It is unknown to the Company whether there is any related parties or action-in-concert parties as defined in “Measures for the Administration of the Takeover of Listed Companies”among the above-mentioned shareholders. | Shareholders among the top 10 participating in securities margin trading (if any) | Benxi Steel & Iron (Group) Co., Ltd. holds 2,142,105,094 shares of the company through an ordinary securities account, and holds 239,000,000 shares through the investor's credit securities account, therefore, it holds a total of 2,381,105,094 shares. Liang Zhongqing holds 500 shares of the company through general securities account and 27,622,865 shares of the company through an investor's credit securities account. Yi Honglu holds 6,426,080 shares of the company through an investor's credit securities account. |
III. Important EventsI. Major Changes in Financial Data and Financial Index and Reasons √ Applicable □ Not applicable ? Items and reasons for the changes of more than 30% compared with the beginning of the year in theconsolidated statement 1. Statement of Financial Position | Increase / Decrease | Reasons | Construction in progress | 113% | Due to the increase of construction in progress that did not meet the conditions of transferring to fixed assets at the end of the period | Accounts payables | 50% | Due to the increase of accounts payables in the current period | Tax payable | -89% | Due to the decrease of VAT payable at the end of this period | Non-current liabilities due within one year | 552% | Due to the conversion of long-term borrowings into non-current liabilities due within one year | Long-term payables | 446% | Due to the increase in equipment leased at the end of the period. | Special reserves | 2913% | Due to the decrease of payment of safety production fee |
2. Statement of comprehensive income | Increase / Decrease | Reasons | Research and development expenses | 606% | Due to the increase of research and development expenses in current period | Financial expenses | -69% | Due to the decrease of exchange loss | Investment income | -99% | Due to the decrease in financial products purchased during the period. | Asset disposal gains | 170% | Due to the increase of disposal income on fixed assets | Non-operating income | 323% | Due to the increase of gains arose from fixed assets scrapping | Non-operating expenses | 3164% | Due to the increase of losses arose from fixed assets scrapping |
Income tax expenses | 84% | Due to the increase of deferred income tax | Profit or loss of non-controlling shareholders | -114% | Due to the decrease of profit of holding subsidiaries | 3. Statement of cash flows | Increase / Decrease | Reasons | Other cash received relating to operating activities | 115% | Due to the increase of other cash received relating to operating activities | Cash paid for all types of taxes | 47% | Due to the increase of taxes paid during the current period | Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | -33% | Due to the decrease of payment of acquisition of fixed assets, intangible assets during the current period | Cash received from borrowings | -65% | Due to the decrease of reception of borrowings | Cash repayments of borrowings | -77% | Due to the decrease of cash on repayment of borrowings |
Overview of important matters | Date of disclosure | Interim report disclosure website query index |
The company signed the "Asset Transfer Agreement" with Benxi Steel (Group) Co., Ltd. and Benxi Beiying Iron and Steel (Group) Co., Ltd., and acquired the equipment and equipment assets related to 2300mm hot rolling mill production line held by Benxi Iron and Steel Co., Ltd. and the equipment and equipment assets related to the 1780mm hot rolling mill production line held by Benxi Beiying Company. The company completed the purchase of the target assets on September 3, 2019. | August 15, 2019 | www.cninfo.com.cn Announcement No.: 2019-051 | September 03, 2019 | www.cninfo.com.cn Announcement No.: 2019-058 |
Commitment reasons | Commitment party | Type of commitment | Contents | Commitment time | Commitment period | Performance | Commitment to share reform | | | | | | | Commitment made in the acquisition report or the equity change report | | | | | | | Commitment made during asset restructuring | | | | | | | Commitment made during initial public offering or refinancing | Company directors, senior management | Other commitments | According to the relevant provisions of the China Securities Regulatory Commission, the following | January 26, 2016 | December 9, 2019 | Under normal fulfillment |
| | | fill the rewards. | | | | Equity incentive commitment | | | | | | | Other commitments to the company's minority shareholders | | | | | | | Commitment to fulfill on time | Yes |
IV. Financial Report I. Financial Statements 1. CONSOLIDATED STATEMENT OF FINANCIAL POSITION Prepared by: Bengang Steel Plates Co., Ltd. Unit: Yuan Items | Sep 30th , 2019 | Dec 31st, 2018 | Current assets: | | | Cash at bank and on hand | 19,984,210,581.72 | 16,567,471,755.77 | Settlement provisions | | | Capital lent | | | Financial assets held for trading | | | Financial assets at fair value through profit or loss | | | Derivative financial assets | | | Notes receivable | 2,647,287,059.10 | 3,580,145,843.38 | Accounts receivable | 592,287,178.61 | 639,482,481.45 | Receivables financing | | | Prepayments | 1,284,152,966.11 | 1,321,537,514.78 | Premium receivable | | | Reinsurance accounts receivable | | | Receivable deposit for reinsurance contract | | | Other receivables: | 208,492,688.07 | 202,763,964.98 | Including: Interest receivables | 12,642,974.12 | 11,608,705.43 | Dividend receivables | | | Redemptory financial assets for sale | | | Inventories | 9,648,655,795.97 | 10,677,747,112.40 | Contract assets | | | Assets classified as held for sale | | | Non-current assets due within one year | | | Other current assets | 330,615,190.73 | 292,119,771.13 | Total current assets | 34,695,701,460.31 | 33,281,268,443.89 | Non-current assets: | | |
Loan and advances issued | | | Debt investments | | | Available-for-sale financial assets | | 1,041,824,829.00 | Other debt investments | | | Held-to-maturity investments | | | Long-term receivables | | | Long-term equity investments | 2,481,589.04 | 2,455,681.55 | Other equity instrument investments | 1,041,824,829.00 | | Other non-current financial assets | | | Investment properties | | | Fixed assets | 25,722,058,707.79 | 23,924,504,539.97 | Construction in progress | 1,785,959,831.48 | 836,594,457.82 | Productive biological assets | | | Oil and gas assets | | | Right of use assets | | | Intangible assets | 273,141,866.04 | 278,062,441.04 | Development expenditure | | | Goodwill | | | Long-term deferred expenses | | | Deferred tax assets | 174,168,423.31 | 191,452,547.21 | Other non-current assets | 64,027,424.81 | 76,341,975.35 | Total non-current assets | 29,063,662,671.47 | 26,351,236,471.94 | Total assets | 63,759,364,131.78 | 59,632,504,915.83 | Current Liabilities: | | | Short-term loans | 12,535,851,000.00 | 11,938,490,375.85 | Loan from central bank | | | Absorbed deposit and interbank deposit | | | Financial liabilities held for trading | | | Financial liabilities at fair value through profit or loss | | | Derivative financial liabilities | | | Notes payable | 10,721,947,779.82 | 10,013,192,014.02 | Accounts payable | 8,297,245,042.10 | 5,522,042,811.65 | Advance from customers | 3,716,963,704.35 | 3,331,854,098.42 |
Contract Liabilities | | | Financial assets sold for repurchase | | | Deposits from customers and interbank | | | Acting trading securities | | | Acting underwriting securities | | | Employee benefits payable | 50,531,098.73 | 51,466,231.72 | Current tax liabilities | 55,344,641.91 | 515,752,369.68 | Other payables | 850,901,676.15 | 862,511,178.96 | Including: Interest payables | 8,014,283.24 | 9,658,681.99 | Dividend payables | | | Handling charges and commission payable | | | Reinsurance accounts payable | | | Liabilities held for sale | | | Non-current liabilities due within one year | 2,288,751,448.16 | 350,965,576.32 | Other current liabilities | | | Total current liabilities | 38,517,536,391.22 | 32,586,274,656.62 | Non-current liabilities: | | | Provision for insurance contract | | | Long-term loans | 4,972,547,175.82 | 7,083,640,094.16 | Bonds payable | | | Including: Preferred stock | | | Perpetual bond | | | Lease liabilities | | | Long-term payables | 74,746,302.05 | 13,686,705.92 | Long-term employee benefits payables | | | Estimated liabilities | | | Deferred income | 230,018,022.97 | 289,499,002.97 | Deferred tax liabilities | | | Other non-current liabilities | | | Total non-current liabilities | 5,277,311,500.84 | 7,386,825,803.05 | Total liabilities | 43,794,847,892.06 | 39,973,100,459.67 | Shareholders’ equity: | | | Share capital | 3,875,371,532.00 | 3,875,371,532.00 |
Other equity instruments | | | Including: Preferred stock | | | Perpetual bond | | | Capital reserves | 12,343,209,847.29 | 12,343,209,847.29 | Less: treasury shares | | | Other comprehensive income | | | Special reserves | 20,609,493.36 | 683,937.71 | Surplus reserves | 961,105,529.85 | 961,105,529.85 | General risk reserves | | | Undistributed profits | 2,239,557,940.10 | 1,945,887,269.82 | Total equity attributable to equity holders of the parent company | 19,439,854,342.60 | 19,126,258,116.67 | Non-controlling interests | 524,661,897.12 | 533,146,339.49 | Total shareholder’s equity | 19,964,516,239.72 | 19,659,404,456.16 | Total liabilities and shareholder’s equity | 63,759,364,131.78 | 59,632,504,915.83 |
Items | Sep 30th, 2019 | Dec 31st, 2018 | Current assets: | | | Cash at bank and on hand | 18,280,266,796.50 | 15,536,305,375.00 | Financial assets held for trading | | | Financial assets at fair value through profit or loss | | | Derivative financial assets | | | Notes receivable | 2,570,575,588.41 | 3,356,020,598.89 | Accounts receivable | 377,395,508.27 | 409,553,059.27 | Receivables financing | | | Prepayments | 1,262,333,417.87 | 1,309,194,738.97 | Other receivables | 221,109,216.42 | 235,037,391.46 | Including: Interest receivables | 11,054,927.27 | 9,815,280.04 | Dividend receivables | | | Inventories | 8,187,028,960.76 | 8,681,362,081.72 |
Contract assets | | | Assets classified as held for sale | | | Non-current assets due within one year | | | Other current assets | 265,082,350.56 | 193,989,096.20 | Total current assets | 31,163,791,838.79 | 29,721,462,341.51 | Non-current assets: | | | Debt investments | | | Available-for-sale financial assets | | 1,041,624,829.00 | Other debt investments | | | Held-to-maturity investment | | | Long-term receivables | | | Long-term equity investments | 2,016,281,902.16 | 2,016,281,902.16 | Other equity instrument investments | 1,041,624,829.00 | | Other non-current financial assets | | | Investment properties | | | Fixed assets | 24,088,077,920.91 | 22,035,187,328.57 | Construction in progress | 1,770,671,281.92 | 825,553,510.15 | Productive biological assets | | | Oil and gas assets | | | Right of use assets | | | Intangible assets | 146,296,575.00 | 148,776,177.96 | Development expenditure | | | Goodwill | | | Long-term deferred expenses | | | Deferred tax assets | 80,389,854.83 | 96,220,003.00 | Other non-current assets | 64,027,424.81 | 76,341,975.35 | Total non-current assets | 29,207,369,788.63 | 26,239,985,726.19 | Total assets | 60,371,161,627.42 | 55,961,448,067.70 | Current Liabilities: | | | Short-term loans | 11,235,851,000.00 | 10,624,270,375.85 | Financial assets held for trading | | | Financial liabilities at fair value through profit or loss | | | Derivative financial liabilities | | |
Notes payable | 8,554,883,676.61 | 9,213,748,427.22 | Accounts payable | 10,401,360,265.58 | 5,940,816,426.48 | Advance from customers | 3,570,678,789.25 | 3,189,143,565.45 | Contract liabilities | | | Employee benefits payable | 50,140,067.57 | 49,378,095.47 | Current tax liabilities | 5,563,337.07 | 507,003,883.57 | Other payables | 522,902,727.37 | 538,051,513.13 | Including: Interest payables | 6,247,124.51 | 7,341,833.33 | Dividend payables | | | Liabilities held for sale | | | Non-current liabilities due within one year | 2,288,751,448.16 | 350,965,576.32 | Other current liabilities | | | Total current liabilities | 36,630,131,311.61 | 30,413,377,863.49 | Non-current liabilities: | | | Long-term loans | 4,972,547,175.82 | 7,083,640,094.16 | Bonds payable | | | Including: Preferred stock | | | Perpetual bond | | | Lease liabilities | | | Long-term payables | 74,746,302.05 | 13,686,705.92 | Long-term employee benefits payable | | | Estimated liabilities | | | Deferred incomes | 230,018,022.97 | 289,499,002.97 | Deferred tax liabilities | | | Other non-current liabilities | | | Total non-current liabilities | 5,277,311,500.84 | 7,386,825,803.05 | Total liabilities | 41,907,442,812.45 | 37,800,203,666.54 | Shareholders’ equity: | | | Share capital | 3,875,371,532.00 | 3,875,371,532.00 | Other equity instruments | | | Including: Preferred stock | | | Perpetual bond | | | Capital reserves | 11,923,058,165.17 | 11,923,058,165.17 |
Less: treasury shares | | | Other comprehensive income | | | Special reserves | 16,323,073.17 | 525,218.48 | Surplus reserves | 961,105,529.85 | 961,105,529.85 | Undistributed profits | 1,687,860,514.78 | 1,401,183,955.66 | Total shareholder’s equity | 18,463,718,814.97 | 18,161,244,401.16 | Total liabilities and shareholder’s equity | 60,371,161,627.42 | 55,961,448,067.70 |
Items | The Current Period | The Previous Period | 1. Total operating income | 14,441,830,940.38 | 13,313,390,671.44 | Including: Operating income | 14,441,830,940.38 | 13,313,390,671.44 | Interest income | | | Premium earned | | | Income from handling charges and commission | | | 2. Total operating cost | 14,421,363,860.63 | 13,269,371,473.96 | Including: Operating cost | 13,739,273,641.14 | 11,807,011,528.70 | Interest cost | | | Expenditure for handling charges and commission | | | Surrender value | | | Net expenditure for compensation | | | Net provision for insurance contract appropriated | | | Bonus payment for policy | | | Reinsurance premium | | | Taxes and surcharges | 60,775,436.14 | 65,070,725.45 | Selling and distribution expenses | 257,155,173.90 | 277,192,418.87 | General and administrative expenses | 219,140,981.53 | 194,084,503.86 | Research and development expenses | 7,306,019.67 | 744,560.38 | Financial expenses | 137,712,608.25 | 925,267,736.70 |
Including: interest expenses | 136,052,012.01 | 341,799,842.63 | Interest incomes | 89,695,933.07 | 47,196,277.02 | Add: Other incomes | 20,821,500.00 | 22,139,558.33 | Income on investment ("-" for loss) | | | Including: Income from associates and joint ventures | | | Income from derecognition of financial assets measured at amortised cost ("-" for loss) | | | Exchange Income ("-" for loss) | | | Hedging income from net exposure (“-" for loss) | | | Gains from the change in fair value (“-" for loss) | | | Expected credit losses (“-" for loss) | 2,093,121.45 | | Asset impairment losses (“-" for loss) | | 6,821,520.16 | Assets disposal gains(“-” for loss) | 579,216.73 | 284,086.70 | 3. Operating profit ("-" for loss) | 43,960,917.93 | 73,264,362.67 | Add: Non-operating income | 1,506,324.18 | 160,456.93 | Less: Non-operating expenses | 6,120,953.63 | 581,084.33 | 4. Total profit ("-" for loss) | 39,346,288.48 | 72,843,735.27 | Less: Income tax expenses | 4,904,499.90 | 5,182,120.12 | 5. Net Profit ("-" for loss) | 34,441,788.58 | 67,661,615.15 | (1) Classification by continuing operating | | | 1 Net profit from continuing operation | 34,441,788.58 | 67,661,615.15 | 2 Net profit from discontinued operation | | | (2) Classification by ownership | | | 1 Net profit attributable to the owners of parent company | 34,229,631.12 | 68,230,224.01 | 2 Net profit attributable to non-controlling shareholders | 212,157.46 | -568,608.86 | 6. Other comprehensive income after tax | | | Other comprehensive income attributable to owners of parent company after tax | | |
1) Other comprehensive income items that will not be reclassified into gains/losses | | | (1) . Re-measurement of defined benefit plans of changes in net debt or net assets | | | (2) . Other comprehensive income under the equity method cannot be reclassified into profit or loss | | | (3). Changes of fair value of other equity instrument investments | | | (4). Changes in the fair value of the company's own credit risk | | | (5). Others | | | 2) Other comprehensive income that will be reclassified into profit or loss | | | (1) . Other comprehensive income under the equity method can be reclassified into profit or loss | | | (2). Gains and losses from fair value changes of other debt investments | | | (3). Gains and losses from fair value changes of available-for-sale financial assets | | | (4). Gains and losses resulting from reclassification of financial assets recognised in other comprehensive income | | | (5). Gains and losses from reclassification of held-to-maturity investments to available-for-sale investments | | | (6). Credit impairment losses of other debt investments | | | (7). Effective portion of gains or losses from cash flow hedging | | | (8). Translation differences in foreign currency financial statements | | | (9). Others | | | Other comprehensive income attributable to non-controlling shareholders after tax | | | 7. Total comprehensive income | 34,441,788.58 | 67,661,615.15 |
Total comprehensive income attributable to owners of parent company | 34,229,631.12 | 68,230,224.01 | Total comprehensive income attributable to non-controlling shareholders | 212,157.46 | -568,608.86 | 8. Earnings per share: | | | 1) Basic earnings per share | 0.01 | 0.02 | 2) Diluted earnings per share | 0.01 | 0.02 |
Items | The Current Period | The Previous Period | 1. Total operating income | 14,566,987,831.66 | 12,985,694,384.88 | Less: Operating cost | 14,024,765,556.43 | 11,617,944,541.11 | Taxes and surcharges | 49,468,259.31 | 57,126,440.52 | Selling and distribution expenses | 147,799,392.26 | 175,224,699.33 | General and administrative expenses | 205,034,439.76 | 181,799,889.96 | Research and development expenses | 7,306,019.67 | 744,560.38 | Financial expenses | 127,265,933.34 | 912,638,828.57 | Including: interest expenses | 120,934,881.27 | 326,523,217.57 | Interest incomes | 84,996,191.09 | 45,650,825.86 | Add: Other incomes | 20,821,500.00 | 22,139,558.33 | Income on investment ("-" for loss) | 27,594,915.42 | 3,493,150.68 | Including: Income from associates and joint ventures | | | Income from derecognition of financial assets measured at amortised cost ("-" for loss) | | | Hedging income from net exposure (“-" for loss) | | | Gains from the change in fair value (“-" for loss) | | | Expected credit losses (“-" for loss) | 1,245,121.45 | |
Asset impairment losses (“-" for loss) | | 6,821,520.16 | Assets disposal gains(“-” for loss) | 579,216.73 | 284,086.70 | 2. Operating profit ("-" for loss) | 55,588,984.49 | 69,460,590.20 | Add: Non-operating income | 1,141,958.73 | 125,720.44 | Less: Non-operating expenses | 6,116,261.39 | 575,548.65 | 3. Total profit ("-" for loss) | 50,614,681.83 | 69,010,761.99 | Less: Income tax expenses | 521,085.42 | 1,705,380.04 | 4. Net Profit ("-" for loss) | 50,093,596.41 | 67,305,381.95 | (1) Net profit from continuing operation ("-" for loss) | 50,093,596.41 | 67,305,381.95 | (2) Net profit from discontinued operation ("-" for loss) | | | 5. Other comprehensive income after tax | | | 1) Other comprehensive income items that will not be reclassified into gains/losses | | | (1) . Re-measurement of defined benefit plans of changes in net debt or net assets | | | (2) . Other comprehensive income under the equity method cannot be reclassified into profit or loss | | | (3). Changes of fair value of other equity instrument investments | | | (4). Changes in the fair value of the company's own credit risk | | | (5). Others | | | 2) Other comprehensive income that will be reclassified into profit or loss | | | (1) . Other comprehensive income under the equity method can be reclassified into profit or loss | | | (2). Gains and losses from fair value changes of other debt investments | | | (3). Gains and losses from fair value changes of available-for-sale financial assets | | | (4). Gains and losses resulting from reclassification of financial assets | | |
recognised in other comprehensive income | | | (5). Gains and losses from reclassification of held-to-maturity investments to available-for-sale investments | | | (6). Credit impairment losses of other debt investments | | | (7). Effective portion of gains or losses from cash flow hedging | | | (8). Translation differences in foreign currency financial statements | | | (9). Others | | | 6. Total comprehensive income | 50,093,596.41 | 67,305,381.95 | 7. Earnings per share: | | | 1) Basic earnings per share | | | 2) Diluted earnings per share | | |
Items | The Current Period | The Previous Period | 1. Total operating income | 38,544,426,107.52 | 36,754,638,048.58 | Including: Operating income | 38,544,426,107.52 | 36,754,638,048.58 | Interest income | | | Premium earned | | | Income from handling charges and commission | | | 2. Total operating cost | 38,043,189,142.86 | 36,008,275,762.90 | Including: Operating cost | 35,806,886,370.79 | 32,611,218,949.68 | Interest cost | | | Expenditure for handling charges and commission | | | Surrender value | | | Net expenditure for compensation | | | Net provision for insurance contract appropriated | | | Bonus payment for policy | | |
Reinsurance premium | | | Taxes and surcharges | 174,900,799.11 | 218,378,101.09 | Selling and distribution expenses | 831,600,373.04 | 791,230,427.82 | General and administrative expenses | 665,908,793.30 | 655,926,928.42 | Research and development expenses | 22,714,491.95 | 3,215,201.91 | Financial expenses | 541,178,314.67 | 1,728,306,153.98 | Including: interest expenses | 722,542,274.70 | 916,801,457.83 | Interest incomes | 216,779,712.65 | 108,801,680.36 | Add: Other incomes | 62,516,500.00 | 63,413,797.03 | Income on investment ("-" for loss) | 25,907.49 | 3,493,150.68 | Including: Income from associates and joint ventures | | | Income from derecognition of financial assets measured at amortised cost ("-" for loss) | | | Exchange Income ("-" for loss) | | | Hedging income from net exposure (“-" for loss) | | | Gains from the change in fair value (“-" for loss) | | | Expected credit losses (“-" for loss) | 5,844,635.28 | | Asset impairment losses (“-" for loss) | | 27,739,483.80 | Assets disposal gains(“-” for loss) | 2,997,921.07 | 1,109,667.33 | 6. Operating profit ("-" for loss) | 572,621,928.50 | 842,118,384.52 | Add: Non-operating income | 9,716,506.42 | 2,298,854.73 | Less: Non-operating expenses | 64,095,275.68 | 1,963,486.59 | 7. Total profit ("-" for loss) | 518,243,159.24 | 842,453,752.66 | Less: Income tax expenses | 30,866,681.63 | 16,818,346.16 | 8. Net Profit ("-" for loss) | 487,376,477.61 | 825,635,406.50 | (3) Classification by continuing operating | | | 1 Net profit from continuing operation | 487,376,477.61 | 825,635,406.50 | 2 Net profit from discontinued | | |
operation | | | (4) Classification by ownership | | | 1 Net profit attributable to the owners of parent company | 487,439,246.88 | 825,182,211.60 | 2 Net profit attributable to non-controlling shareholders | -62,769.27 | 453,194.90 | 6. Other comprehensive income after tax | | | Other comprehensive income attributable to owners of parent company after tax | | | 1) Other comprehensive income items that will not be reclassified into gains/losses | | | (1) . Re-measurement of defined benefit plans of changes in net debt or net assets | | | (2) . Other comprehensive income under the equity method cannot be reclassified into profit or loss | | | (3). Changes of fair value of other equity instrument investments | | | (4). Changes in the fair value of the company's own credit risk | | | (5). Others | | | 2) Other comprehensive income that will be reclassified into profit or loss | | | (1) . Other comprehensive income under the equity method can be reclassified into profit or loss | | | (2). Gains and losses from fair value changes of other debt investments | | | (3). Gains and losses from fair value changes of available-for-sale financial assets | | | (4). Gains and losses resulting from reclassification of financial assets recognised in other comprehensive income | | | (5). Gains and losses from reclassification of held-to-maturity investments to available-for-sale investments | | | (6). Credit impairment losses of | | |
other debt investments | | | (7). Effective portion of gains or losses from cash flow hedging | | | (8). Translation differences in foreign currency financial statements | | | (9). Others | | | Other comprehensive income attributable to non-controlling shareholders after tax | | | 7. Total comprehensive income | 487,376,477.61 | 825,635,406.50 | Total comprehensive income attributable to owners of parent company | 487,439,246.88 | 825,182,211.60 | Total comprehensive income attributable to non-controlling shareholders | -62,769.27 | 453,194.90 | 8. Earnings per share: | | | 1) Basic earnings per share | 0.13 | 0.21 | 2) Diluted earnings per share | 0.13 | 0.21 |
Items | The Current Period | The Previous Period | 1. Total operating income | 38,014,203,689.59 | 36,668,559,494.02 | Less: Operating cost | 35,782,055,553.61 | 33,019,136,503.31 | Taxes and surcharges | 133,935,663.72 | 192,669,833.48 | Selling and distribution expenses | 482,893,940.32 | 440,779,566.79 | General and administrative expenses | 624,372,438.11 | 619,992,907.29 | Research and development expenses | 22,714,491.95 | 3,215,201.91 | Financial expenses | 515,337,847.93 | 1,687,162,319.17 | Including: interest expenses | 679,030,224.93 | 870,205,608.54 | Interest incomes | 199,185,818.03 | 103,955,252.77 | Add: Other incomes | 62,516,500.00 | 63,413,797.03 | Income on investment ("-" for loss) | 27,594,915.42 | 3,493,150.68 |
Including: Income from associates and joint ventures | | | Income from derecognition of financial assets measured at amortised cost ("-" for loss) | | | Hedging income from net exposure (“-" for loss) | | | Gains from the change in fair value (“-" for loss) | | | Expected credit losses (“-" for loss) | 4,996,635.28 | | Asset impairment losses (“-" for loss) | | 27,739,483.80 | Assets disposal gains(“-” for loss) | 3,044,923.32 | 1,109,667.33 | 2. Operating profit ("-" for loss) | 551,046,727.97 | 801,359,260.91 | Add: Non-operating income | 9,279,999.48 | 1,840,469.10 | Less: Non-operating expenses | 64,051,443.56 | 1,957,950.91 | 3. Total profit ("-" for loss) | 496,275,283.89 | 801,241,779.10 | Less: Income tax expenses | 15,830,148.17 | 7,384,717.21 | 4. Net Profit ("-" for loss) | 480,445,135.72 | 793,857,061.89 | (1) Net profit from continuing operation ("-" for loss) | 480,445,135.72 | 793,857,061.89 | (2) Net profit from discontinued operation ("-" for loss) | | | 5. Other comprehensive income after tax | | | 1) Other comprehensive income items that will not be reclassified into gains/losses | | | (1) . Re-measurement of defined benefit plans of changes in net debt or net assets | | | (2) . Other comprehensive income under the equity method cannot be reclassified into profit or loss | | | (3). Changes of fair value of other equity instrument investments | | | (4). Changes in the fair value of the company's own credit risk | | | (5). Others | | | 2) Other comprehensive income that will be reclassified into profit or loss | | |
(1) . Other comprehensive income under the equity method can be reclassified into profit or loss | | | (2). Gains and losses from fair value changes of other debt investments | | | (3). Gains and losses from fair value changes of available-for-sale financial assets | | | (4). Gains and losses resulting from reclassification of financial assets recognised in other comprehensive income | | | (5). Gains and losses from reclassification of held-to-maturity investments to available-for-sale investments | | | (6). Credit impairment losses of other debt investments | | | (7). Effective portion of gains or losses from cash flow hedging | | | (8). Translation differences in foreign currency financial statements | | | (9). Others | | | 6. Total comprehensive income | 480,445,135.72 | 793,857,061.89 | 7. Earnings per share: | | | 1) Basic earnings per share | | | 2) Diluted earnings per share | | |
Items | The Current Period | The Previous Period | 1. Cash flow from operating activities: | | | Cash received from sale of goods or rendering of services | 26,790,594,559.41 | 26,188,229,365.29 | Net increase of customers’ deposit and interbank deposit | | | Net increase of loan from central bank | | | Net increase of loans from other | | |
financial institutions | | | Cash received for premium of original insurance contract | | | Net cash received for reinsurance business | | | Net increase of deposit and investment of the insured | | | Net increase of Financial assets at fair value through profit or loss | | | Cash from receiving interest, handling charge and commission | | | Net increase of loans from other financial institutions | | | Net increase of fund for buy-back business | | | Tax rebate received | 330,537,134.71 | 284,799,886.80 | Other cash received relating to operating activities | 179,458,663.12 | 83,617,244.68 | Subtotal of cash inflow received from operation activities | 27,300,590,357.24 | 26,556,646,496.77 | Cash paid for goods and services | 20,530,964,210.54 | 17,207,337,978.80 | Net increase of customer’s loan and advances | | | Net increase of deposit in central bank and interbank deposit | | | Cash for payment of compensation for original insurance contract | | | Cash for payment of interest, handling charge and commission | | | Cash for payment of policy bonus | | | Cash paid to and on behalf of employees | 1,450,655,474.24 | 1,438,947,941.23 | Cash paid for all types of taxes | 911,658,861.03 | 618,124,974.18 | Other cash paid relating to operating activities | 351,573,590.15 | 358,768,202.58 | Subtotal of cash outflow received from operation activities | 23,244,852,135.96 | 19,623,179,096.79 | Net cash flows generated from operating | 4,055,738,221.28 | 6,933,467,399.98 |
activities | | | 2. Cash flows from investing activities: | | | Cash received from return on investments | | 500,000,000.00 | Cash received from distribution of dividends or profit | | 3,493,150.68 | Net cash received from disposal of fixed assets, intangible assets and other long-term assets | | | Net cash received from disposal of subsidiary and other operating units | | | Other cash paid relating to investing activities | | | Subtotal of cash inflow received from investing activities | | 503,493,150.68 | Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 843,532,197.66 | 1,261,912,086.54 | Cash paid for acquisition of investments | | | Net increase of mortgage loan | | | Net cash received from subsidiary and other operating unit | | | Other cash paid relating to investing activities | | | Subtotal of cash outflows from investing activities | 843,532,197.66 | 1,261,912,086.54 | The net cash flow generated by investment activities | -843,532,197.66 | -758,418,935.86 | 3. Cash flows from financing activities: | | | Proceeds from investment | | 3,965,799,988.19 | Including: Proceeds from investment of non-controlling shareholders of subsidiary | | | Proceeds from borrowings | 7,482,429,000.00 | 21,592,058,293.24 | Other proceeds relating to financing activities | | | Subtotal cash inflow received from financing activities | 7,482,429,000.00 | 25,557,858,281.43 | Cash repayments of borrowings | 6,938,475,606.71 | 29,751,998,311.55 |
Cash payments for distribution of dividends, profit or interest expenses | 1,194,142,072.60 | 1,220,039,424.07 | Including: Cash paid to non-controlling shareholders as dividend and profit by subsidiaries | | | Other cash payments relating to financing activities | | | Subtotal of cash outflows from financing activities | 8,132,617,679.31 | 30,972,037,735.62 | The net cash flow generated by financing activities | -650,188,679.31 | -5,414,179,454.19 | 4. Effect of foreign exchange rate changes on cash and cash equivalents | 57,000,333.44 | 173,516,701.33 | 5. Net increase in cash and cash equivalents | 2,619,017,677.75 | 934,385,711.26 | Add: Cash and cash equivalents at the beginning of the period | 11,752,548,621.97 | 12,317,576,778.93 | 6. Cash and cash equivalents at the ending of the period | 14,371,566,299.72 | 13,251,962,490.19 |
Items | The Current Period | The Previous Period | 1.Cash flow from operating activities: | | | Cash received from sale of goods or rendering of services | 25,300,199,068.22 | 25,652,120,540.51 | Tax rebate received | 284,437,850.97 | 119,119,395.04 | Other cash received relating to operating activities | 174,941,066.19 | 80,682,696.51 | Subtotal of cash inflow received from operation activities | 25,759,577,985.38 | 25,851,922,632.06 | Cash paid for goods and services | 18,900,585,331.92 | 17,009,484,822.48 | Cash paid to and on behalf of employees | 1,371,069,525.86 | 1,372,731,925.30 | Cash paid for all types of taxes | 789,815,447.75 | 528,120,047.39 | Other cash paid relating to operating activities | 310,224,763.98 | 322,705,026.46 |
Subtotal of cash outflow received from operation activities | 21,371,695,069.51 | 19,233,041,821.63 | Net cash flows generated from operating activities | 4,387,882,915.87 | 6,618,880,810.43 | 2. Cash flows from investing activities: | | | Cash received from return on investments | | 500,000,000.00 | Cash received from distribution of dividends or profit | | 3,493,150.68 | Net cash received from disposal of fixed assets, intangible assets and other long-term assets | | | Net cash received from disposal of subsidiary and other operating units | | | Other cash paid relating to investing activities | | | Subtotal of cash inflow received from investing activities | | 503,493,150.68 | Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 836,697,138.22 | 1,241,365,059.32 | Cash paid for acquisition of investments | | 259,300,000.00 | Net cash received from subsidiary and other operating unit | | | Other cash paid relating to investing activities | | | Subtotal of cash outflows from investing activities | 836,697,138.22 | 1,500,665,059.32 | The net cash flow generated by investment activities | -836,697,138.22 | -997,171,908.64 | 3. Cash flows from financing activities: | | | Proceeds from investment | | 3,965,799,988.19 | Proceeds from borrowings | 6,282,429,000.00 | 20,515,395,400.00 | Other proceeds relating to financing activities | | | Subtotal cash inflow received from financing activities | 6,282,429,000.00 | 24,481,195,388.19 | Cash repayments of borrowings | 5,438,545,606.71 | 28,587,442,043.95 |
Cash payments for distribution of dividends, profit or interest expenses | 1,112,682,499.61 | 1,176,598,972.79 | Other cash payments relating to financing activities | | | Subtotal of cash outflows from financing activities | 6,551,228,106.32 | 29,764,041,016.74 | The net cash flow generated by financing activities | -268,799,106.32 | -5,282,845,628.55 | 4. Effect of foreign exchange rate changes on cash and cash equivalents | 56,922,645.03 | 173,504,704.68 | 5. Net increase in cash and cash equivalents | 3,339,309,316.36 | 512,367,977.92 | Add: Cash and cash equivalents at the beginning of the period | 10,807,824,843.20 | 12,152,285,550.21 | 6. Cash and cash equivalents at the ending of the period | 14,147,134,159.56 | 12,664,653,528.13 |
II. Adjustments of Financial Statements 1. Adjustments of beginning balance due to the first-time implementation of the newfinancial instruments guidelines, new revenue standards, new lease standards √ Applicable □ Not applicable CONSOLIDATED STATEMENT OF FINANCIAL POSITION Unit: yuan Items | Dec 31st 2018 | Jan 1st 2019 | Adjustment amount | Current assets: | | | | Cash at bank and on hand | 16,567,471,755.77 | 16,567,471,755.77 | | Settlement provisions | | | | Capital lent | | | | Financial assets held for trading | | | | Financial assets at fair value through profit or loss | | | | Derivative financial assets | | | | Notes receivable | 3,580,145,843.38 | 3,580,145,843.38 | | Accounts receivable | 639,482,481.45 | 639,482,481.45 | | Receivables financing | | | | Prepayments | 1,321,537,514.78 | 1,321,537,514.78 | | Premium receivable | | | | Reinsurance accounts receivable | | | | Receivable deposit for reinsurance contract | | | | Other receivables: | 202,763,964.98 | 202,763,964.98 | | Including: Interest receivables | 11,608,705.43 | 11,608,705.43 | | Dividend receivables | | | | Redemptory financial assets for sale | | | | Inventories | 10,677,747,112.40 | 10,677,747,112.40 | | Contract assets | | | | Assets classified as held for sale | | | | Non-current assets due within one year | | | | Other current assets | 292,119,771.13 | 292,119,771.13 | |
Total current assets | 33,281,268,443.89 | 33,281,268,443.89 | | Non-current assets: | | | | Loan and advances issued | | | | Debt investments | | | | Available-for-sale financial assets | 1,041,824,829.00 | | -1,041,824,829.00 | Other debt investments | | | | Held-to-maturity investments | | | | Long-term receivables | | | | Long-term equity investments | 2,455,681.55 | 2,455,681.55 | | Other equity instrument investments | | 1,041,824,829.00 | 1,041,824,829.00 | Other non-current financial assets | | | | Investment properties | | | | Fixed assets | 23,924,504,539.97 | 23,924,504,539.97 | | Construction in progress | 836,594,457.82 | 836,594,457.82 | | Productive biological assets | | | | Oil and gas assets | | | | Right of use assets | | | | Intangible assets | 278,062,441.04 | 278,062,441.04 | | Development expenditure | | | | Goodwill | | | | Long-term deferred expenses | | | | Deferred tax assets | 191,452,547.21 | 191,452,547.21 | | Other non-current assets | 76,341,975.35 | 76,341,975.35 | | Total non-current assets | 26,351,236,471.94 | 26,351,236,471.94 | | Total assets | 59,632,504,915.83 | 59,632,504,915.83 | | Current Liabilities: | | | | Short-term loans | 11,938,490,375.85 | 11,938,490,375.85 | | Loan from central bank | | | | Absorbed deposit and interbank deposit | | | | Financial liabilities held for trading | | | | Financial liabilities at fair value through profit or loss | | | |
Derivative financial liabilities | | | | Note payables | 10,013,192,014.02 | 10,013,192,014.02 | | Account payables | 5,522,042,811.65 | 5,522,042,811.65 | | Advance from customers | 3,331,854,098.42 | 3,331,854,098.42 | | Financial assets sold for repurchase | | | | Deposits from customers and interbank | | | | Acting trading securities | | | | Acting underwriting securities | | | | Employee benefits payable | 51,466,231.72 | 51,466,231.72 | | Current tax liabilities | 515,752,369.68 | 515,752,369.68 | | Other payables | 862,511,178.96 | 862,511,178.96 | | Including: Interest payables | 9,658,681.99 | 9,658,681.99 | | Dividend payables | | | | Handling charges and commission payable | | | | Reinsurance accounts payable | | | | Contract liabilities | | | | Liabilities held for sale | | | | Non-current liabilities due within one year | 350,965,576.32 | 350,965,576.32 | | Other current liabilities | | | | Total current liabilities | 32,586,274,656.62 | 32,586,274,656.62 | | Non-current liabilities: | | | | Provision for insurance contract | | | | Long-term loans | 7,083,640,094.16 | 7,083,640,094.16 | | Bonds payable | | | | Including: Preferred stock | | | | Perpetual bond | | | | Lease liabilities | | | | Long-term payables | 13,686,705.92 | 13,686,705.92 | | Long-term employee benefits payables | | | | Estimated liabilities | | | |
Deferred income | 289,499,002.97 | 289,499,002.97 | | Deferred tax liabilities | | | | Other non-current liabilities | | | | Total non-current liabilities | 7,386,825,803.05 | 7,386,825,803.05 | | Total liabilities | 39,973,100,459.67 | 39,973,100,459.67 | | Shareholders’ equity: | | | | Share capital | 3,875,371,532.00 | 3,875,371,532.00 | | Other equity instruments | | | | Including: Preferred stock | | | | Perpetual bond | | | | Capital reserves | 12,343,209,847.29 | 12,343,209,847.29 | | Less: treasury shares | | | | Other comprehensive income | | | | Special reserves | 683,937.71 | 683,937.71 | | Surplus reserves | 961,105,529.85 | 961,105,529.85 | | General risk reserves | | | | Undistributed profits | 1,945,887,269.82 | 1,945,887,269.82 | | Total equity attributable to equity holders of the parent company | 19,126,258,116.67 | 19,126,258,116.67 | | Non-controlling interests | 533,146,339.49 | 533,146,339.49 | | Total shareholder’s equity | 19,659,404,456.16 | 19,659,404,456.16 | | Total liabilities and shareholder’s equity | 59,632,504,915.83 | 59,632,504,915.83 | |
Items | Dec 31st 2018 | Jan 1st 2019 | Adjustment amount | Current assets: | | | | Cash at bank and on hand | 15,536,305,375.00 | 15,536,305,375.00 | | Financial assets held for trading | | | | Financial assets at fair value through profit or loss | | | | Derivative financial assets | | | | Notes receivable | 3,356,020,598.89 | 3,356,020,598.89 | | Accounts receivable | 409,553,059.27 | 409,553,059.27 | |
Receivables financing | | | | Prepayments | 1,309,194,738.97 | 1,309,194,738.97 | | Other receivables | 235,037,391.46 | 235,037,391.46 | | Including: Interest receivables | 9,815,280.04 | 9,815,280.04 | | Dividend receivables | | | | Inventories | 8,681,362,081.72 | 8,681,362,081.72 | | Contract assets | | | | Assets classified as held for sale | | | | Non-current assets due within one year | | | | Other current assets | 193,989,096.20 | 193,989,096.20 | | Total current assets | 29,721,462,341.51 | 29,721,462,341.51 | | Non-current assets: | | | | Debt investments | | | | Available-for-sale financial assets | 1,041,624,829.00 | | -1,041,624,829.00 | Other debt investments | | | | Held-to-maturity investment | | | | Long-term receivables | | | | Long-term equity investments | 2,016,281,902.16 | 2,016,281,902.16 | | Other equity instrument investments | | 1,041,624,829.00 | 1,041,624,829.00 | Other non-current financial assets | | | | Investment properties | | | | Fixed assets | 22,035,187,328.57 | 22,035,187,328.57 | | Construction in progress | 825,553,510.15 | 825,553,510.15 | | Productive biological assets | | | | Oil and gas assets | | | | Right of use assets | | | | Intangible assets | 148,776,177.96 | 148,776,177.96 | | Development expenditure | | | | Goodwill | | | | Long-term deferred expenses | | | | Deferred tax assets | 96,220,003.00 | 96,220,003.00 | | Other non-current assets | 76,341,975.35 | 76,341,975.35 | | Total non-current assets | 26,239,985,726.19 | 26,239,985,726.19 | | Total assets | 55,961,448,067.70 | 55,961,448,067.70 | |
Current Liabilities: | | | | Short-term loans | 10,624,270,375.85 | 10,624,270,375.85 | | Financial assets held for trading | | | | Financial liabilities at fair value through profit or loss | | | | Derivative financial liabilities | | | | Notes payable | 9,213,748,427.22 | 9,213,748,427.22 | | Accounts payable | 5,940,816,426.48 | 5,940,816,426.48 | | Advance from customers | 3,189,143,565.45 | 3,189,143,565.45 | | Contract liabilities | | | | Employee benefits payable | 49,378,095.47 | 49,378,095.47 | | Current tax liabilities | 507,003,883.57 | 507,003,883.57 | | Other payables | 538,051,513.13 | 538,051,513.13 | | Including: Interest payables | 7,341,833.33 | 7,341,833.33 | | Dividend payables | | | | Liabilities held for sale | | | | Non-current liabilities due within one year | 350,965,576.32 | 350,965,576.32 | | Other current liabilities | | | | Total current liabilities | 30,413,377,863.49 | 30,413,377,863.49 | | Non-current liabilities: | | | | Long-term loans | 7,083,640,094.16 | 7,083,640,094.16 | | Bonds payable | | | | Including: Preferred stock | | | | Perpetual bond | | | | Lease liabilities | | | | Long-term payables | 13,686,705.92 | 13,686,705.92 | | Long-term employee benefits payable | | | | Estimated liabilities | | | | Deferred incomes | 289,499,002.97 | 289,499,002.97 | | Deferred tax liabilities | | | | Other non-current liabilities | | | | Total non-current liabilities | 7,386,825,803.05 | 7,386,825,803.05 | | Total liabilities | 37,800,203,666.54 | 37,800,203,666.54 | | Shareholders’ equity: | | | |
Share capital | 3,875,371,532.00 | 3,875,371,532.00 | | Other equity instruments | | | | Including: Preferred stock | | | | Perpetual bond | | | | Capital reserves | 11,923,058,165.17 | 11,923,058,165.17 | | Less: treasury shares | | | | Other comprehensive income | | | | Special reserves | 525,218.48 | 525,218.48 | | Surplus reserves | 961,105,529.85 | 961,105,529.85 | | Undistributed profits | 1,401,183,955.66 | 1,401,183,955.66 | | Total shareholder’s equity | 18,161,244,401.16 | 18,161,244,401.16 | | Total liabilities and shareholder’s equity | 55,961,448,067.70 | 55,961,448,067.70 | |
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