HANGZHOU HIKVISION DIGITAL
TECHNOLOGY CO., LTD.
2019 Quarter 3 ReportJuly to September 2019
October 19
th2019
Section I Important Notes, Contents and DefinitionsThe Board of Directors, Board of Supervisors, directors, supervisors and seniormanagement of Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafterreferred to as the “Company”) hereby guarantee that the information presented in thisreport shall be together be wholly liable for the truthfulness, accuracy andcompleteness of its contents and free of any false records, misleading statements ormaterial omissions, and will undertake individual and joint legal liabilities.All directors have attended the board meeting to review this quarterly report.Chen Zongnian, the Company's legal representative, Jin Yan, the person incharge of the accounting work, and Zhan Junhua, the person in charge of accountingdepartment (accounting supervisor) hereby declare and warrant that the financialstatements in this report are authentic, accurate and complete.
Note:
This document is a translated version of the Chinese version 2019 Q3 Financial Report (“2019年第三季度报告全文”), and the published Q3 report in the Chinese version shall prevail. The completepublished Chinese 2019 Q3 Financial Report may be obtained at http://www.cninfo.com.cn.
Section II Corporate ProfileI. Key Accounting Data and Financial IndicatorsWhether the Company performed a retroactive adjustment or restatement of the previous accounting data
√ Yes □No
| At September 30th 2019 | At December 31st 2018 | Change(%) between December 31st 2018 and September 30th 2019 | ||||||
| Before adjustments | After adjustments | After adjustments | ||||||
| Total assets (RMB) | 68,288,828,836.24 | 63,484,352,233.42 | 63,465,019,931.22 | 7.60% | ||||
| Net assets attributable to shareholders of the Company (RMB) | 40,439,398,048.74 | 37,590,154,638.46 | 37,567,728,835.78 | 7.64% | ||||
| 2019 Q3 | 2018 Q3 | YoY Change(%) between 2018 Q3 and 2019 Q3 | 2019 Q1~Q3 | 2018 Q1~Q3 | YoY Change(%) between 2018 Q1~Q3 and 2019 Q1~Q3 | |||
| Before adjustments | After adjustments | After adjustments | Before adjustments | After adjustments | After adjustments | |||
| Operating income (RMB) | 15,915,642,804.35 | 12,926,932,976.48 | 12,926,932,976.48 | 23.12% | 39,838,916,228.85 | 33,802,691,201.11 | 33,802,691,201.11 | 17.86% |
| Net profits attributable to shareholders of the Company (RMB) | 3,810,578,954.89 | 3,248,407,615.14 | 3,248,407,615.14 | 17.31% | 8,027,334,165.13 | 7,395,803,151.00 | 7,395,803,151.00 | 8.54% |
| Net profits attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 3,667,114,061.94 | 3,142,725,705.56 | 3,142,725,705.56 | 16.69% | 7,789,309,590.97 | 7,151,996,666.81 | 7,151,996,666.81 | 8.91% |
| Net cash flows from operating activities (RMB) | 555,379,028.58 | 4,267,464,655.50 | 4,267,464,655.50 | -86.99% | 124,315,235.40 | 2,646,271,297.50 | 2,646,271,297.50 | -95.30% |
| Basic earnings per share (RMB/share) | 0.400 | 0.357 | 0.357 | 12.04% | 0.860 | 0.806 | 0.806 | 6.70% |
| Diluted earnings per share (RMB/share) | 0.400 | 0.353 | 0.353 | 13.31% | 0.860 | 0.804 | 0.804 | 6.97% |
| Weighted average Return on Equity (ROE) | 9.64% | 10.25% | 10.25% | -0.61% | 20.44% | 23.06% | 23.06% | -2.62% |
The total share capital of the Company as of the previous trading day of the financial report disclosure:
| The total share capital of the Company as of the previous trading day of the financial report disclosure (share) | 9,345,010,696.00 |
| 2019 Q3 | 2019 Q1~Q3 | |
| Fully diluted earnings per share (RMB/share) calculated with the latest share capital | 0.408 | 0.859 |
| Item | January 1st –September 30th 2019 |
| Profit or loss from disposal of non-current assets (including the write-off for the impairment provision of assets) | 1,199,556.27 |
| The government subsidies included in the current profits and losses (excluding the government subsidy closely related to regular course of business of the Company and government subsidy based on standard quota or quantitative continuous application according to the state industrial policy.) | 284,740,071.76 |
| Net gains and losses from beginning of the reporting period to the merge date for the subsidiary merged involving enterprises under common control | -885,138.65 |
| Profits and losses attributed to change in fair value for held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, and derivative financial liabilities; and investment income from disposal of held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, derivative financial liabilities and other debt investments, excluding the effective hedging business related to the regular business operation of the Company. | 21,799,481.93 |
| Other non-operating income and expenditures except the items mentioned above | 45,991,918.07 |
| Less: Impact of income tax | 82,768,374.18 |
| Impact of the minority interests (after tax) | 32,052,941.04 |
| Total | 238,024,574.16 |
II. Total Number of Shareholders at the end of the reporting period and Information for Top 10 Shareholders
1. Total number of common shareholders and preferred shareholders with resumed voting rights and information about top 10 shareholders
Unit: Share
| Total number of common shareholders at the end of the reporting period | 217,240 | Total number of preferred shareholders (if any) whose voting rights have been recovered at the end of the reporting period | 0 | |||||
| Particulars about top 10 shareholders | ||||||||
| Name of shareholder | Nature of shareholder | Share- holding percentage (%) | Total shares held at the period-end | The number of common shares held with trading restrictions | Pledged or frozen | |||
| Status | Amount | |||||||
| China Electronics Technology HIK Group Co., Ltd. | Domestic State-owned corporation | 39.10% | 3,653,674,956 | 0 | Pledged | 50,000,000 | ||
| Gong Hongjia | Overseas individual | 13.43% | 1,255,056,700 | 941,292,525 | Pledged | 545,030,000 | ||
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | Overseas corporation | 6.38% | 595,977,036 | 0 | - | |||
| Xinjiang Weixun Investment Management Limited Partnership | Domestic non-state-owned corporation | 4.82% | 450,795,176 | 0 | Pledged | 127,612,000 | ||
| Xinjiang Pukang Investment Limited Partnership | Domestic non-state-owned corporation | 1.95% | 182,510,174 | 0 | Pledged | 37,200,000 | ||
| Hu Yangzhong | Domestic Individual | 1.95% | 182,186,477 | 136,639,858 | Pledged | 109,310,468 | ||
| The 52nd Research Institute at China Electronics Technology Group Corporation | Domestic State-owned corporation | 1.93% | 180,775,044 | 0 | - | |||
| CITIC Securities Company Limited | Domestic State-owned corporation | 1.04% | 96,903,225 | 0 | - | |||
| Central Huijin Investment Ltd. | Domestic State-owned corporation | 0.70% | 65,818,800 | 0 | - | |||
| Guo Minfang | Domestic Individual | 0.42% | 39,474,700 | 0 | - | |||
| Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s) | |||
| Name of shareholder | Number of common shares without trading restrictions held at the period-end | Type of shares | |
| Type | Number | ||
| China Electronics Technology HIK Group Co., Ltd. | 3,653,674,956 | RMB ordinary shares | 3,653,674,956 |
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | 595,977,036 | RMB ordinary shares | 595,977,036 |
| Xinjiang Weixun Investment Management Limited Partnership | 450,795,176 | 450,795,176 | |
| Gong Hongjia | 313,764,175 | RMB ordinary shares | 313,764,175 |
| Xinjiang Pukang Investment Limited Partnership | 182,510,174 | RMB ordinary shares | 182,510,174 |
| The 52nd Research Institute at China Electronics Technology Group Co. Ltd. | 180,775,044 | RMB ordinary shares | 180,775,044 |
| CITIC Securities Company Limited | 96,903,225 | RMB ordinary shares | 96,903,225 |
| Central Huijin Investment Ltd. | 65,818,800 | RMB ordinary shares | 65,818,800 |
| Hu Yangzhong | 45,546,619 | RMB ordinary shares | 45,546,619 |
| Guo Minfang | 39,474,700 | RMB ordinary shares | 39,474,700 |
| Explanation on associated relationship and concerted actions among above shareholders | China Electronics Technology HIK Group Co., Ltd. and The 52nd Research Institute at China Electronics Technology Group are all subject to control of China Electronics Technology Group Corporation. Ms. Chen Chunmei, limited partner of Xinjiang Pukang Investment Limited Partnership, is the spouse of Mr. Gong Hongjia, foreign individual shareholder of the Company. Hu Yangzhong, domestic individual, is holding shares in both Xinjiang Weixun Investment Management Limited Partnership and Xinjiang Pukang Investment Limited Partnership. Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Measures for Management of the Disclosure of the Shareholding Changes of Shareholders of the Listed Company. | ||
Any of the Company’s top 10 common shareholders or top 10 non-restricted common shareholders conducts anyagreed buy-back in the reporting period?
□ Applicable √ Inapplicable
No such cases in the reporting period.
2. Total number of preferred shareholders and information about Top 10 preferred shareholders
□ Applicable √ Inapplicable
Section III Significant Events
1. Information and explanation about variations in key financial statement items and
financial indicators during the reporting period.
√Applicable □Inapplicable
1.1 Explanation for variations in balance sheet items
| Item | Balance at September 30th 2019 (RMB) | Balance at January 1st 2019 (RMB) | YoY change (%) | Note of Changes |
| Accounts receivable | 22,263,835,274.52 | 16,619,441,281.18 | 33.96% | Increase as sales revenue grows |
| Long-term receivalbes | 938,509,869.57 | 705,512,368.17 | 33.03% | |
| Receipts in advance | 845,999,565.36 | 641,430,490.22 | 31.89% | |
| Receivables for financing | 1,198,257,901.65 | 2,247,357,583.28 | -46.68% | Bank acceptance bills endorsed for payment |
| Prepayments | 698,836,396.28 | 460,304,219.65 | 51.82% | Increase in stock-ups |
| Inventories | 9,844,634,655.15 | 5,725,104,153.41 | 71.96% | |
| Notes payable | 1,082,080,179.53 | 463,479,760.54 | 133.47% | |
| Construction in process | 658,376,204.58 | 416,092,413.42 | 58.23% | Increase in construction investment on Chengdu Science and Technology Base and Chongqing Science and Technology Base |
| Long-term borrowings | 4,530,620,000.00 | 440,000,000.00 | 929.69% | Increase in foreign currency loans for long-term asset investment |
| Other payables | 880,158,563.93 | 2,953,454,987.95 | -70.20% | The shares for 2018 Restricted Incentive Stock Scheme were granted, and the investment funds were converted into share capital and capital reserve, which led to a decrease in other payables and an increase in capital reserve. Other current liabilities and treasury shares increased according to the increase in the number of shares subject to sale restrictions. |
| Other current liabilities | 2,299,380,825.08 | 364,984,759.94 | 529.99% | |
| Share capital | 4,225,822,036.36 | 1,960,939,660.52 | 115.50% | |
| Treasury shares | 2,299,380,825.08 | 364,984,759.94 | 529.99% |
1.2 Explanation for variations in income statement items
| Item | 2019 Q1~Q3 (RMB) | 2018 Q1~Q3 (RMB) | YoY Change (%) | Note of changes |
| R&D expenses | 4,007,277,010.81 | 3,077,722,956.20 | 30.20% | Continue to increase investments in R&D |
| Financial expense | -626,571,624.15 | -367,680,813.03 | -70.41% | Increase in foreign exchange gains subject to exchange rate fluctuations. |
| Item | 2019 Q1~Q3 (RMB) | 2018 Q1~Q3 (RMB) | YoY Change (%) | Note of changes |
| Net cash flows from operating activities | 124,315,235.40 | 2,646,271,297.50 | -95.30% | Increase in stock-ups in the current reporting period |
| Net cash flows from investing activities | -1,257,968,335.26 | 1,296,366,271.60 | -197.04% | The previous bank's principal-guaranteed wealth management investment was withdrawn |
| Net cash flows from financing activities | -4,477,259,135.63 | -2,606,239,170.94 | -71.79% | Due to the current EURO debt repayment and the increase in distribution of dividends |
4. Guidance on the Company’s 2019 full year operational results.The estimated year-over-year change (%) range of the net profits attributable to shareholders of the Company for2019 is from 5% to 20%.
5. Financial Assets measured at fair value
√ Applicable □ Inapplicable
Unit: RMB
| Category | Initial investment cost | Current profits or losses on the changes in fair value | Accumulated fair value changes included in equity | Purchase during the reporting period | Amount sold during the reporting period | Cumulative investment income | Closing balance | Source of funds |
| Derivative instruments | 1,013,306,062.25 | -1,573,852.92 | 318,303,388.25 | 8,769,414.59 | 369,559.03 | Company's own funds | ||
| Other non-current financial assets | 290,966,813.00 | 12,788,786.31 | 2,884,220.00 | 306,639,819.31 | Company's own funds | |||
| Receivables for financing | 2,247,357,583.28 | 15,490,388.65 | 1,198,257,901.65 | Company's own funds | ||||
| Total | 3,551,630,458.53 | 11,214,933.39 | 15,490,388.65 | 321,187,608.25 | 8,769,414.59 | 1,505,267,279.99 | -- |
9.1 Reception of research activities during 2019 Q3
| Time of reception | Method of reception | Type of reception object | Index of basic situation of the research |
| July 20th 2019 | Performance Result-Conference Call | Institutional and individual investors | CNINF, Investor Relations Activity Record: July 20th 2019 |
| From July 22nd 2019 to August 2nd 2019 | Site Research and telephone communication | Institutional investors | CNINF, Investor Relations Activity Record: From July 22nd 2019 to August 2nd 2019 |
| From August 5th 2019 to August 16th 2019 | Site Research and telephone communication | Institutional investors | CNINF, Investor Relations Activity Record: From August 5th 2019 to August 16th 2019 |
| From August 19th 2019 to September 9th 2019 | Site Research and telephone communication | Institutional investors | CNINF, Investor Relations Activity Record: From August 19th 2019 to September 9th 2019 |
| From September 10th 2019 to September 23rd 2019 | Site Research and telephone communication | Institutional investors | CNINF, Investor Relations Activity Record: From September 10th 2019 to September 23rd 2019 |
| Time of conference | Location | Conference Name | Type of reception object | Method of reception |
| July 2019 | Tokyo | Daiwa Hong Kong China Investment Seminar Tokyo 2019 | All kinds of investors | One-on-One, One-on-multi, small group Meetings, and etc. |
| July 2019 | Shanghai | Guotai Junan Information Industry Summit | All kinds of investors | One-on-One, One-on-multi, small group Meetings, and etc. |
| July 2019 | Hongkong-Taiwan | Hongkong Taiwan NDR-via HSBC | All kinds of investors | One-on-One, One-on-multi, small group Meetings, and etc. |
| September 2019 | Taipei | Credit Suisse Asian Technology Conference | All kinds of investors | One-on-One, One-on-multi, small group Meetings, and etc. |
| September 2019 | Paris-Stockholm | Europe NDR-Via CICC | All kinds of investors | One-on-One, One-on-multi, small group Meetings, and etc. |
| September 2019 | London | CICC Forum (UK) 2019 | All kinds of investors | One-on-One, One-on-multi, small group Meetings, and etc. |
| September 2019 | Suzhou | Citic Securities Thematic Investment Forum--Looking for Core Assets | All kinds of investors | One-on-One, One-on-multi, small group Meetings, and etc. |
| Number of daily research received (On-site and telephone conference, times) | 64 |
| Number of institutional investors received (ppl) | 946 |
| Number of individual investors received (ppl) | 12 |
| Number of investor relations conference participated | 7 |
Section IV Financial Reports
4.1 Financial Reports
1. Consolidated Balance Sheet
Prepared by Hangzhou Hikvision Digital Technology Co., Ltd.
September 30
th2019
Unit: RMB
| Item | September 30th 2019 | January 1st 2019 |
| Current Assets: | ||
| Cash and bank balances | 21,170,573,356.45 | 26,559,675,452.93 |
| Held-for-trading financial assets | 525.40 | 1,860,050.59 |
| Notes receivable | 295,486,490.54 | 295,598,790.07 |
| Accounts receivable | 22,263,835,274.52 | 16,619,441,281.18 |
| Receivables for financing | 1,198,257,901.65 | 2,247,357,583.28 |
| Prepayments | 698,836,396.28 | 460,304,219.65 |
| Other receivables | 604,327,565.47 | 586,594,721.43 |
| Including: Interests receivable | ||
| Dividends receivable | 17,357,220.31 | |
| Inventories | 9,844,634,655.15 | 5,725,104,153.41 |
| Non-current assets due within one year | 416,237,783.60 | 380,795,020.47 |
| Other current assets | 799,413,172.78 | 730,720,129.59 |
| Total Current Assets | 57,291,603,121.84 | 53,607,451,402.60 |
| Non-current Assets: | ||
| Long-term receivables | 938,509,869.57 | 705,512,368.17 |
| Long-term equity investment | 182,712,073.98 | 163,301,844.56 |
| Other non-current financial assets | 306,639,819.31 | 290,966,813.00 |
| Fixed assets | 5,574,963,274.09 | 5,082,415,160.10 |
| Construction in progress | 658,376,204.58 | 416,092,413.42 |
| Intangible assets | 935,308,665.25 | 869,913,050.09 |
| Goodwill | 267,284,401.74 | 212,269,337.23 |
| Long-term deferred expenses | 61,440,882.50 | |
| Deferred tax assets | 601,705,744.04 | 534,346,941.25 |
| Other non-current assets | 1,470,284,779.34 | 1,582,750,600.80 |
| Total Non-current Assets | 10,997,225,714.40 | 9,857,568,528.62 |
| Total Assets | 68,288,828,836.24 | 63,465,019,931.22 |
| Item | September 30th 2019 | January 1st 2019 |
| Current Liabilities: | ||
| Short-term borrowings | 3,653,373,875.43 | 3,465,655,688.29 |
| Held-for-trading financial liabilities | 290,998.43 | |
| Notes payable | 1,082,080,179.53 | 463,479,760.54 |
| Accounts payable | 10,117,196,410.23 | 10,301,665,725.20 |
| Receipts in advance | 845,999,565.36 | 641,430,490.22 |
| Payroll payable | 1,759,801,508.61 | 1,921,741,131.63 |
| Taxes payable | 1,564,532,913.98 | 1,418,921,664.57 |
| Other payables | 880,158,563.93 | 2,953,454,987.95 |
| Including : Interests payable | ||
| Dividends payable | 143,274,043.24 | 119,917,640.92 |
| Non-current liabilities due within one year | 81,429,583.47 | 3,178,171,147.16 |
| Other current liabilities | 2,299,380,825.08 | 364,984,759.94 |
| Total Current Liabilities | 22,283,953,425.62 | 24,709,796,353.93 |
| Non-current Liabilities: | ||
| Long-term borrowings | 4,530,620,000.00 | 440,000,000.00 |
| Long-term payables | 41,727,878.55 | |
| Provisions | 83,507,109.84 | 77,625,238.49 |
| Deferred income | 334,186,881.02 | 293,179,089.13 |
| Total non-current liabilities | 4,990,041,869.41 | 810,804,327.62 |
| Total liabilities | 27,273,995,295.03 | 25,520,600,681.55 |
| Owners’ Equity | ||
| Share capital | 9,345,010,696.00 | 9,227,270,473.00 |
| Capital reserves | 4,225,822,036.36 | 1,960,939,660.52 |
| Less: Treasury shares | 2,299,380,825.08 | 364,984,759.94 |
| Other comprehensive income | -76,304,567.44 | -76,065,167.67 |
| Surplus reserves | 4,460,712,358.45 | 4,460,712,358.45 |
| Retained earnings | 24,783,538,350.45 | 22,359,856,271.42 |
| Total owners' equity attributable to owner of the Company | 40,439,398,048.74 | 37,567,728,835.78 |
| Minority equity | 575,435,492.47 | 376,690,413.89 |
| Total owners' equity | 41,014,833,541.21 | 37,944,419,249.67 |
| Total liabilities and owners' equity | 68,288,828,836.24 | 63,465,019,931.22 |
2. Balance Sheet of the Parent Company
Unit: RMB
| Item | September 30th 2019 | January 1st 2019 |
| Current Assets: | ||
| Cash and bank balances | 15,592,582,543.73 | 19,192,461,228.22 |
| Notes receivable | 5,982,155.46 | 121,404,793.77 |
| Accounts receivable | 23,425,928,122.32 | 15,204,519,161.71 |
| Receivables for financing | 96,303,923.54 | 228,210,299.95 |
| Prepayments | 118,454,356.84 | 132,344,929.55 |
| Other receivables | 1,527,682,843.72 | 522,987,955.34 |
| Including: Interests receivable | ||
| Dividends receivable | 19,907,220.31 | 2,550,000.00 |
| Inventories | 138,631,630.98 | 168,885,723.93 |
| Non-current liabilities due within one year | 7,413,343.79 | |
| Other current assets | 26,742,647.34 | 93,661,315.14 |
| Total Current Assets | 40,939,721,567.72 | 35,664,475,407.61 |
| Non-current Assets: | ||
| Long-term receivables | 1,025,843.03 | |
| Long-term equity investment | 4,810,090,414.55 | 4,361,147,395.90 |
| Other non-current financial assets | 303,745,599.31 | 290,956,813.00 |
| Fixed assets | 2,867,764,981.55 | 2,844,176,300.34 |
| Construction in progress | 93,057,845.99 | 65,156,482.70 |
| Intangible assets | 196,367,070.52 | 197,147,608.73 |
| Long-term deferred expenses | 30,280,331.17 | |
| Deferred tax assets | 134,005,079.74 | 221,779,547.02 |
| Other non-current assets | 10,314,513.26 | 14,601,579.55 |
| Total Non-current Assets | 8,446,651,679.12 | 7,994,965,727.24 |
| Total Assets | 49,386,373,246.84 | 43,659,441,134.85 |
| Current Liabilities: | ||
| Short-term borrowings | 600,000,000.00 | |
| Accounts payable | 310,445,377.57 | 356,787,605.91 |
| Receipts in advance | 228,294,965.91 | 204,337,524.21 |
| Payroll payable | 1,289,630,946.65 | 1,272,626,004.95 |
| Taxes payable | 1,113,797,730.35 | 987,057,652.70 |
| Other payables | 3,421,127,887.72 | 2,529,600,057.31 |
| Including : Interests payable | ||
| Dividends payable | 140,824,043.24 | 117,467,640.92 |
| Non-current liabilities due within one year | 3,172,727,888.37 | |
| Other current liabilities | 2,299,380,825.08 | 364,984,759.94 |
| Total Current Liabilities | 9,262,677,733.28 | 8,888,121,493.39 |
| Non-current Liabilities: | ||
| Long-term borrowings | 3,101,520,000.00 | |
| Provisions | 61,415,503.32 | 52,956,535.09 |
| Deferred Income | 182,057,460.95 | 186,747,708.01 |
| Total non-current liabilities | 3,344,992,964.27 | 239,704,243.10 |
| Total liabilities | 12,607,670,697.55 | 9,127,825,736.49 |
| Owners’ Equity | ||
| Share capital | 9,345,010,696.00 | 9,227,270,473.00 |
| Capital reserves | 4,171,716,829.11 | 1,883,262,407.46 |
| Less: Treasury shares | 2,299,380,825.08 | 364,984,759.94 |
| Other comprehensive income | -774,633.17 | -2,178,538.52 |
| Surplus reserves | 4,460,712,358.45 | 4,460,712,358.45 |
| Retained earnings | 21,101,418,123.98 | 19,327,533,457.91 |
| Total owners' equity | 36,778,702,549.29 | 34,531,615,398.36 |
| Total liabilities and owners' equity | 49,386,373,246.84 | 43,659,441,134.85 |
3. Consolidated Income Statement
Unit: RMB
| Item | 2019 Q3 | 2018 Q3 |
| I. Total operating income | 15,915,642,804.35 | 12,926,932,976.48 |
| II．Total operating costs | ||
| Including：Total operating costs | 8,496,804,444.94 | 7,036,005,384.29 |
| Business taxes and surcharges | 96,963,076.85 | 104,050,722.65 |
| Selling expenses | 1,940,139,966.75 | 1,526,549,345.93 |
| Administrative expenses | 446,580,701.06 | 369,444,844.78 |
| Research and Development (R&D) expenses | 1,502,476,961.10 | 1,165,040,356.96 |
| Financial expenses | -496,628,196.89 | -209,159,495.22 |
| Including：Interest expenses | 74,410,747.56 | 69,037,602.29 |
| Interest income | 161,426,059.65 | 121,478,786.49 |
| Add: Other Income | 580,970,230.04 | 579,805,136.62 |
| Investment income (loss) | 8,327,642.30 | -17,084,846.81 |
| Including: Investment gains (losses) in associated enterprise and joint-venture enterprise | 5,825,385.04 | -4,156,308.97 |
| Gains (losses) from changes in fair values | 9,348,538.93 | 11,293,693.95 |
| Credit impairment losses (“-“) | -144,256,060.56 | |
| Impairment losses (“-“) of assets | -69,340,091.15 | -138,919,268.98 |
| Asset disposal income (loss) | 389,512.37 | 208,920.36 |
| III. Operating profit (loss) | 4,314,745,622.47 | 3,370,305,452.23 |
| Add: Non-operating income | 20,153,328.90 | 42,218,791.84 |
| Less: Non-operating expenses | 3,644,173.04 | 2,129,007.88 |
| IV. Total profit (loss) | 4,331,254,778.33 | 3,410,395,236.19 |
| Less: Income tax expenses | 460,924,198.11 | 170,291,201.09 |
| V. Net profit (loss) | 3,870,330,580.22 | 3,240,104,035.10 |
| 4.1 Classification by operation continuity | ||
| (a) Net profit (loss) on continuous operation | 3,870,330,580.22 | 3,240,104,035.10 |
| (b) Net profit (loss) on terminated operation | ||
| 4.2 Classification by attribution of ownership | ||
| (a) Net profit attributable to owners of parent company | 3,810,578,954.89 | 3,248,407,615.14 |
| (b) Profit or loss attributable to minority shareholders | 59,751,625.33 | -8,303,580.04 |
| VI. Other comprehensive income, net of income tax | -5,267,606.68 | -12,993,816.04 |
| Other comprehensive income attributable to owners of the Company, net of tax | -5,162,206.61 | -12,822,856.59 |
| Item | 2019 Q3 | 2018 Q3 |
| (I) Items that will not be reclassified subsequently to profit or loss | ||
| 1. Changes in re-measurement of defined benefit obligation | ||
| 2. Amounts of other comprehensive income that cannot be transferred into profit or loss under equity method | ||
| 3. Changes in fair value of other equity instruments investment | ||
| 4. Changes in the fair value of the Company's own credit risk | ||
| 5.Others | ||
| (II) Other comprehensive income to be reclassified to profit or loss in subsequent periods | -5,162,206.61 | -12,822,856.59 |
| 1. Amounts of other comprehensive income that are able to be transferred into profit or loss under equity method | ||
| 2. Changes in fair value of other debt investments | ||
| 3. Gain or losses attributes to the changes in fair value of available-for-sale financial assets | ||
| 4. The amount of financial assets reclassified into other comprehensive income | ||
| 5. Gains or losses through reclassifying held-to-maturity financial assets to available-for-sale financial assets | ||
| 6. Credit impairment provisions for other credit investment | ||
| 7. Cash flow hedge reserve | ||
| 8. Exchange differences arising on conversion of financial statements denominated in foreign currencies | -6,527,620.17 | -12,822,856.59 |
| 9. Gains and losses from changes in fair value of other current assets | 1,365,413.56 | |
| Other comprehensive income attributable to minority interests, net of tax | -105,400.07 | -170,959.45 |
| VII. Total comprehensive income | 3,865,062,973.54 | 3,227,110,219.06 |
| Total comprehensive income attributable to owners of the parent company | 3,805,416,748.28 | 3,235,584,758.55 |
| Total comprehensive income attributable to minority shareholders | 59,646,225.26 | -8,474,539.49 |
| VIII. Earnings per share | ||
| (I) Basic earnings per share | 0.400 | 0.357 |
| (II) Diluted earnings per share | 0.400 | 0.353 |
4. Income Statement of the Parent Company
Unit: RMB
| Item | 2019 Q3 | 2018 Q3 |
| I. Total operating income | 6,920,272,660.94 | 6,326,855,356.62 |
| Less: Total operating Cost | 2,180,260,453.52 | 1,806,308,761.49 |
| Business taxes and surcharges | 67,760,722.14 | 76,813,412.34 |
| Selling expenses | 852,081,852.19 | 722,750,073.68 |
| Administrative expenses | 184,623,515.65 | 178,443,955.39 |
| Research and Development (R&D) expenses | 1,095,442,523.12 | 704,150,930.84 |
| Financial expenses | -361,435,536.59 | -85,249,908.65 |
| Including : Interest expenses | 6,808,200.57 | 35,733,846.62 |
| Interest income | 124,514,655.05 | 101,754,084.35 |
| Add: Other income | 434,811,042.75 | 463,491,035.44 |
| Investment income (loss) | 2,102,615.50 | 18,078,624.24 |
| Including: Investment gain (loss) in associated enterprise and joint-venture enterprise | 2,102,615.50 | -2,018,558.50 |
| Gains (losses) from changes in fair values | 10,635,547.81 | |
| Credit impairment losses (“-“) | -30,515,452.66 | |
| Impairment losses (“-“) of assets | 1,753,720.58 | 298,410.00 |
| Asset disposal income (loss) | 10,098.01 | 62,691.36 |
| II. Operating profit (loss) | 3,320,336,702.90 | 3,405,568,892.57 |
| Add: Non-operating income | 4,577,655.07 | 14,684,291.45 |
| Less: Non-operating expenses | 1,684,190.05 | 281,527.25 |
| III. Total profit (loss) | 3,323,230,167.92 | 3,419,971,656.77 |
| Less: Income tax expenses | 151,477,969.94 | 87,517,500.57 |
| IV. Net profit (loss) | 3,171,752,197.98 | 3,332,454,156.20 |
| (a) Net profit (loss) on continuous operation | 3,171,752,197.98 | 3,332,454,156.20 |
| (b) Net profit (loss) on terminated operation | ||
| V. Other comprehensive income, net of income tax | -1,937,862.58 | |
| (I) Items that will not be reclassified subsequently to profit or loss | ||
| 1. Changes in re-measurement of defined benefit obligation | ||
| 2. Amounts of other comprehensive income that cannot be transferred into profit or loss under equity method | ||
| 3. Changes in fair value of other equity instruments investment | ||
| 4. Changes in the fair value of the Company's own credit risk | ||
| 5.Others |
| (II) Other comprehensive income to be reclassified to profit or loss in subsequent periods | -1,937,862.58 | |
| 1. Amounts of other comprehensive income that are able to be transferred into profit or loss under equity method | ||
| 2. Changes in fair value of other debt investments | ||
| 3. Gain or losses attributes to the changes in fair value of available-for-sale financial assets | ||
| 4. The amount of financial assets reclassified into other comprehensive income | ||
| 5. Gains or losses through reclassifying held-to-maturity financial assets to available-for-sale financial assets | ||
| 6. Credit impairment provisions for other credit investment | ||
| 7. Cash flow hedge reserve | ||
| 8. Exchange differences arising on conversion of financial statements denominated in foreign currencies | ||
| 9. Gains and losses from changes in fair value of other current assets | -1,937,862.58 | |
| VI. Total comprehensive income | 3,169,814,335.40 | 3,332,454,156.20 |
| VIII. Earnings per share | ||
| (I) Basic earnings per share | ||
| (II) Diluted earnings per share |
| Item | 2019 Q1-Q3 | 2018 Q1-Q3 |
| I. Total operating income | 39,838,916,228.85 | 33,802,691,201.11 |
| II．Total operating costs | ||
| Including：Total operating costs | 21,337,310,778.62 | 18,622,304,210.36 |
| Business taxes and surcharges | 264,510,982.77 | 281,941,341.25 |
| Selling expenses | 5,153,400,075.91 | 4,175,942,610.35 |
| Administrative expenses | 1,177,690,944.82 | 960,293,296.63 |
| Research and Development (R&D) expenses | 4,007,277,010.81 | 3,077,722,956.20 |
| Financial expenses | -626,571,624.15 | -367,680,813.03 |
| Including：Interest expenses | 167,413,125.18 | 131,591,884.36 |
| Interest income | 454,438,589.00 | 323,231,227.64 |
| Add: Other Income | 1,303,536,451.58 | 1,417,431,530.21 |
| Investment income (loss) | 29,551,998.27 | 61,182,269.35 |
| Including: Investment gains (losses) in associated enterprise and joint-venture enterprise | 1,610,229.42 | -1,618,218.28 |
| Item | 2019 Q1-Q3 | 2018 Q1-Q3 |
| Gains (losses) from changes in fair values | 11,214,933.39 | 5,191,145.93 |
| Credit impairment losses (“-“) | -278,782,493.13 | |
| Impairment losses (“-“) of assets | -149,483,833.80 | -464,816,967.17 |
| Asset disposal income (loss) | 1,199,556.27 | 3,972,499.20 |
| III. Operating profit (loss) | 9,442,534,672.65 | 8,075,128,076.87 |
| Add: Non-operating income | 58,460,407.50 | 115,369,165.70 |
| Less: Non-operating expenses | 12,058,354.95 | 6,713,135.08 |
| IV. Total profit (loss) | 9,488,936,725.20 | 8,183,784,107.49 |
| Less: Income tax expenses | 1,394,844,854.79 | 836,093,959.57 |
| V. Net profit (loss) | 8,094,091,870.41 | 7,347,690,147.92 |
| 4.1 Classification by operation continuity | ||
| (c) Net profit (loss) on continuous operation | 8,094,091,870.41 | 7,347,690,147.92 |
| (d) Net profit (loss) on terminated operation | ||
| 4.2 Classification by attribution of ownership | ||
| (c) Net profit attributable to owners of parent company | 8,027,334,165.13 | 7,395,803,151.00 |
| (d) Profit or loss attributable to minority shareholders | 66,757,705.28 | -48,113,003.08 |
| VI. Other comprehensive income, net of income tax | 224,061.25 | -27,278,644.78 |
| Other comprehensive income attributable to owners of the Company, net of tax | -239,399.77 | -25,721,402.30 |
| (I) Items that will not be reclassified subsequently to profit or loss | ||
| 1. Changes in re-measurement of defined benefit obligation | ||
| 2. Amounts of other comprehensive income that cannot be transferred into profit or loss under equity method | ||
| 3. Changes in fair value of other equity instruments investment | ||
| 4. Changes in the fair value of the Company's own credit risk | ||
| 5.Others | ||
| (II) Other comprehensive income to be reclassified to profit or loss in subsequent periods | -239,399.77 | -25,721,402.30 |
| 1.Amounts of other comprehensive income that are able to be transferred into profit or loss under equity method | ||
| 2.Changes in fair value of other debt investments | ||
| 3.Gain or losses attributes to the changes in fair value of available-for-sale financial assets | ||
| 4.The amount of financial assets reclassified into other comprehensive income | ||
| 5.Gains or losses through reclassifying held-to-maturity financial assets to available-for-sale financial assets | ||
| 6.Credit impairment provisions for other credit investment | ||
| 7.Cash flow hedge reserve | ||
| 8.Exchange differences arising on conversion of financial statements denominated in foreign currencies | -15,729,788.42 | -25,721,402.30 |
| Item | 2019 Q1-Q3 | 2018 Q1-Q3 |
| 9.Gains and losses from changes in fair value of other current assets | 15,490,388.65 | |
| Other comprehensive income attributable to minority interests, net of tax | 463,461.02 | -1,557,242.48 |
| VII. Total comprehensive income | 8,094,315,931.66 | 7,320,411,503.14 |
| Total comprehensive income attributable to owners of the parent company | 8,027,094,765.36 | 7,370,081,748.70 |
| Total comprehensive income attributable to minority shareholders | 67,221,166.30 | -49,670,245.56 |
| VIII. Earnings per share | ||
| (I) Basic earnings per share | 0.860 | 0.806 |
| (II) Diluted earnings per share | 0.860 | 0.804 |
| Item | 2019 Q1-Q3 | 2018 Q1-Q3 |
| I. Total operating income | 17,354,516,639.53 | 15,464,499,573.18 |
| Less: Total operating Cost | 5,260,041,102.44 | 4,417,272,352.25 |
| Business taxes and surcharges | 179,363,153.88 | 199,390,389.05 |
| Selling expenses | 2,352,469,006.14 | 1,961,637,326.64 |
| Administrative expenses | 531,467,438.33 | 452,964,347.64 |
| Research and Development (R&D) expenses | 2,875,427,888.71 | 2,233,528,649.02 |
| Financial expenses | -436,020,048.92 | -94,069,779.21 |
| Including : Interest expenses | 49,350,390.76 | 60,724,467.42 |
| Interest income | 392,680,476.99 | 288,800,852.06 |
| Add: Other income | 1,070,578,767.20 | 1,230,024,234.53 |
| Investment income (loss) | 19,153,543.65 | 86,657,634.81 |
| Including: Investment gain (loss) in associated enterprise and joint-venture enterprise | -772,376.22 | -387,572.76 |
| Gains (losses) from changes in fair values | 12,788,786.31 | |
| Credit impairment losses (“-“) | 622,905,019.26 | |
| Impairment losses (“-“) of assets | 51,323,003.42 | -280,144,626.30 |
| Asset disposal income (loss) | 191,846.66 | 3,807,041.30 |
| II. Operating profit (loss) | 8,368,709,065.45 | 7,334,120,572.13 |
| Add: Non-operating income | 12,793,513.71 | 55,046,967.74 |
| Less: Non-operating expenses | 6,921,272.37 | 1,137,844.51 |
| III. Total profit (loss) | 8,374,581,306.79 | 7,388,029,695.36 |
| Less: Income tax expenses | 997,044,554.62 | 635,642,395.80 |
| IV. Net profit (loss) | 7,377,536,752.17 | 6,752,387,299.56 |
| (c) Net profit (loss) on continuous operation | 7,377,536,752.17 | 6,752,387,299.56 |
| (d) Net profit (loss) on terminated operation | ||
| V. Other comprehensive income, net of income tax | -774,633.17 | |
| (I) Items that will not be reclassified subsequently to profit or loss | ||
| 1. Changes in re-measurement of defined benefit obligation | ||
| 2. Amounts of other comprehensive income that cannot be transferred into profit or loss under equity method | ||
| 3. Changes in fair value of other equity instruments investment | ||
| 4. Changes in the fair value of the Company's own credit risk | ||
| 5.Others | ||
| (II) Other comprehensive income to be reclassified to profit or loss in subsequent periods | -774,633.17 | |
| 1.Amounts of other comprehensive income that are able to be transferred into profit or loss under equity method | ||
| 2.Changes in fair value of other debt investments | ||
| 3.Gain or losses attributes to the changes in fair value of available-for-sale financial assets | ||
| 4.The amount of financial assets reclassified into other comprehensive income | ||
| 5.Gains or losses through reclassifying held-to-maturity financial assets to available-for-sale financial assets | ||
| 6.Credit impairment provisions for other credit investment | ||
| 7.Cash flow hedge reserve | ||
| 8.Exchange differences arising on conversion of financial statements denominated in foreign currencies | ||
| 9.Gains and losses from changes in fair value of other current assets | -774,633.17 | |
| VI. Total comprehensive income | 7,376,762,119.00 | 6,752,387,299.56 |
| VIII. Earnings per share | ||
| (I) Basic earnings per share | ||
| (II) Diluted earnings per share |
7. Consolidated Cash Flow Statement from January 1
st
2019 to September 30
th2019Unit: RMB
| Item | 2019 Q1-Q3 | 2018 Q1-Q3 |
| I. Cash flows from operating activities: | ||
| Cash received from sale of goods or rendering of services | 39,797,920,691.39 | 36,015,579,775.66 |
| Receipts of tax refunds | 2,205,856,683.57 | 2,665,907,552.39 |
| Other cash receipts relating to operating activities | 1,108,671,779.38 | 765,226,775.70 |
| Sub-total of cash inflows from operating activities | 43,112,449,154.34 | 39,446,714,103.75 |
| Cash payments for goods purchased and services received | 29,259,780,105.41 | 24,879,653,623.03 |
| Cash paid to and on behalf of employees | 6,690,990,896.32 | 5,182,379,464.21 |
| Payments of various types of taxes | 3,748,604,004.24 | 3,379,293,442.87 |
| Other cash payments relating to operating activities | 3,288,758,912.97 | 3,359,116,276.14 |
| Sub-total of cash outflows from operating activities | 42,988,133,918.94 | 36,800,442,806.25 |
| Net Cash flows from Operating Activities | 124,315,235.40 | 2,646,271,297.50 |
| II. Cash flows from Investing Activities: | ||
| Cash receipts from recovery of investments | 4,390,000,000.00 | |
| Cash receipts from investment income | 10,579,222.38 | 63,310,521.07 |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 56,062,267.50 | 7,061,204.25 |
| Net cash received from disposal of subsidiaries and other business units | ||
| Other cash receipts relating to investing activities | 18,166,664.71 | 21,501,640.52 |
| Sub-total of cash inflows from investing activities | 84,808,154.59 | 4,481,873,365.84 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 1,274,540,687.78 | 2,045,279,305.07 |
| Cash paid to acquire investments | 2,884,220.00 | 1,100,000,000.00 |
| Net cash paid to acquire subsidiaries and other business units | 65,351,582.07 | 31,900,000.00 |
| Other cash payments relating to investing activities | 8,327,789.17 | |
| Sub-total of cash outflows from investing activities | 1,342,776,489.85 | 3,185,507,094.24 |
| Net cash flows from Investing Activities | -1,257,968,335.26 | 1,296,366,271.60 |
| III. Cash flows from financing activities: | ||
| Cash receipts from capital contributions | 113,220,262.15 | 93,009,000.00 |
| Including: cash receipts from capital contributions from minority owners of subsidiaries | 113,220,262.15 | 93,009,000.00 |
| Cash receipts from borrowings | 7,150,799,943.42 | 6,848,374,132.18 |
| Other cash receipts relating to financing activities | ||
| Sub-total of cash inflows from financing activities | 7,264,020,205.57 | 6,941,383,132.18 |
| Cash repayments of borrowings | 2,826,949,887.78 | 4,796,975,777.05 |
| Cash repayments of bonds | 3,079,240,000.00 | |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 5,808,192,337.22 | 4,744,090,779.74 |
| Including : Dividends and profits paid by subsidiaries to minority shareholders | ||
| Other cash payments relating to financing activities | 26,897,116.20 | 6,555,746.33 |
| Sub-total of cash outflows from financing activities | 11,741,279,341.20 | 9,547,622,303.12 |
| Net cash flows from Financing Activities | -4,477,259,135.63 | -2,606,239,170.94 |
| IV. Effect of foreign exchange rate changes on Cash and Cash Equivalents | 314,124,262.83 | 190,798,684.33 |
| V. Net Increase in Cash and Cash Equivalents | -5,296,787,972.66 | 1,527,197,082.49 |
| Add: Opening balance of Cash and Cash Equivalents | 26,031,011,733.89 | 16,029,185,269.17 |
| VI. Closing Balance of Cash and Cash Equivalents | 20,734,223,761.23 | 17,556,382,351.66 |
| Item | 2019 Q1-Q3 | 2018 Q1-Q3 |
| I. Cash flows from Operating Activities:: | ||
| Cash receipts from the sale of goods and the rendering of services | 12,029,215,025.03 | 14,907,717,914.68 |
| Receipts of tax refunds | 934,577,449.38 | 1,230,024,234.53 |
| Other cash receipts relating to operating activities | 596,615,907.62 | 432,099,258.49 |
| Sub-total of cash inflows from operating activities | 13,560,408,382.03 | 16,569,841,407.70 |
| Cash payments for goods acquired and services received | 6,141,625,941.11 | 5,186,391,543.22 |
| Cash payments to and on behalf of employees | 3,826,354,338.41 | 2,728,678,859.56 |
| Payments of various types of taxes | 2,274,516,905.16 | 2,515,330,361.54 |
| Other cash payments relating to operating activities | 1,374,026,139.24 | 1,862,352,721.51 |
| Sub-total of cash outflows from operating activities | 13,616,523,323.92 | 12,292,753,485.83 |
| Net Cash flows from Operating Activities | -56,114,941.89 | 4,277,087,921.87 |
| II. Cash flows from Investing Activities: | ||
| Cash receipts from recovery of investments | 4,350,000,000.00 | |
| Cash receipts from investment income | 2,568,699.00 | 97,039,236.04 |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 3,976,093.24 | 9,584,879.25 |
| Net cash receipts from disposals of subsidiaries and other business units | 5,971.53 |
| Other cash receipts relating to investing activities | 3,066,451,513.72 | 920,896,354.89 |
| Sub-total of cash inflows from investing activities | 3,072,996,305.96 | 5,377,526,441.71 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 264,771,882.74 | 434,905,794.49 |
| Cash payments to acquire investments | 1,100,000,000.00 | |
| Net cash paid to aquire subsidiaries and other business units | 414,400,000.00 | 765,183,014.00 |
| Other cash payments relating to investing activities | 982,391,211.78 | 775,777,777.23 |
| Sub-total of cash outflows from investing activities | 1,661,563,094.52 | 3,075,866,585.72 |
| Net Cash flows from Investing Activities | 1,411,433,211.44 | 2,301,659,855.99 |
| III. Cash flows from Financing Activities | ||
| Cash receipts from capital contributions | ||
| Cash receipts from borrowings | 3,679,240,000.00 | 900,000,000.00 |
| Other cash receipts relating to financing activities | ||
| Sub-total of cash inflows from financing activities | 3,679,240,000.00 | 900,000,000.00 |
| Cash repayments of borrowings | 900,000,000.00 | |
| Cash repayments of bonds | 3,079,240,000.00 | |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 5,669,311,652.85 | 4,668,001,510.29 |
| Other cash payments relating to financing activities | 26,897,116.20 | 6,555,746.33 |
| Sub-total of cash outflows from financing activities | 8,775,448,769.05 | 5,574,557,256.62 |
| Net Cash flows from Financing Activities | -5,096,208,769.05 | -4,674,557,256.62 |
| IV. Effect of foreign exchange rate changes on Cash and Cash Equivalents | 140,012,598.62 | 100,499,959.08 |
| V. Net increase in cash and cash equivalents | -3,600,877,900.88 | 2,004,690,480.32 |
| Add: Beginning balance of cash and cash equivalents | 18,998,934,287.59 | 12,304,082,533.11 |
| VI. Closing Balance of Cash and Cash Equivalents | 15,398,056,386.71 | 14,308,773,013.43 |
Consolidated Balance Sheet
Unit: RMB
| Item | December 31st 2018 | January 1st 2019 | Adjustments |
| Current Assets: | |||
| Cash and bank balances | 26,559,675,452.93 | 26,559,675,452.93 | 0.00 |
| Balances with clearing agencies | |||
| Lending with banks and other financial institutions | |||
| Held-for-trading financial assets | 1,860,050.59 | 1,860,050.59 | |
| Financial assets at fair value through current profit and loss | 1,860,050.59 | -1,860,050.59 | |
| Derivative financial assets | |||
| Notes receivable | 2,569,445,189.92 | 295,598,790.07 | -2,273,846,399.85 |
| Accounts receivable | 16,619,441,281.18 | 16,619,441,281.18 | 0.00 |
| Receivables for financing | 2,247,357,583.28 | 2,247,357,583.28 | |
| Prepayments | 460,304,219.65 | 460,304,219.65 | 0.00 |
| Premiums receivable | |||
| Amounts receivable under reinsurance contracts | |||
| Reinsurer's share of insurance contract reserves | |||
| Other receivables | 586,594,721.43 | 586,594,721.43 | 0.00 |
| Including: Interests receivable | |||
| Dividends receivable | |||
| Financial assets purchased under resale agreements | |||
| Inventories | 5,725,104,153.41 | 5,725,104,153.41 | 0.00 |
| Contract assets | |||
| Held-for-sale assets | |||
| Non-current assets due within one year | 380,795,020.47 | 380,795,020.47 | 0.00 |
| Other current assets | 730,720,129.59 | 730,720,129.59 | 0.00 |
| Total Current Assets | 53,633,940,219.17 | 53,607,451,402.60 | -26,488,816.57 |
| Non-current Assets: | |||
| Loans and advances to customers | |||
| Debt investments | |||
| Available-for-sale financial assets | 290,966,813.00 | -290,966,813.00 | |
| Other debt investments | |||
| Held-to-maturity investments | |||
| Long-term receivables | 705,512,368.17 | 705,512,368.17 | 0.00 |
| Long-term equity investment | 163,301,844.56 | 163,301,844.56 | 0.00 |
| Other equity investments |
| Other non-current financial assets | 290,966,813.00 | 290,966,813.00 | |
| Investment real estate | |||
| Fixed assets | 5,082,415,160.10 | 5,082,415,160.10 | 0.00 |
| Construction in progress | 416,092,413.42 | 416,092,413.42 | 0.00 |
| Productive biological assets | |||
| Oil and gas assets | |||
| Right-to-use assets | |||
| Intangible assets | 869,913,050.09 | 869,913,050.09 | 0.00 |
| Development expenditures | |||
| Goodwill | 212,269,337.23 | 212,269,337.23 | 0.00 |
| Long-term deferred expenses | |||
| Deferred tax assets | 534,346,941.25 | 534,346,941.25 | 0.00 |
| Other non-current assets | 1,582,750,600.80 | 1,582,750,600.80 | 0.00 |
| Total Non-current Assets | 9,857,568,528.62 | 9,857,568,528.62 | 0.00 |
| Total Assets | 63,491,508,747.79 | 63,465,019,931.22 | -26,488,816.57 |
| Current Liabilities: | |||
| Short-term borrowings | 3,465,655,688.29 | 3,465,655,688.29 | 0.00 |
| Borrowings from the central bank | |||
| Capitals borrowed from banks and other financial institutions | |||
| Held-for-trading financial liabilities | 290,998.43 | 290,998.43 | |
| Financial liabilities at fair value through current profit and loss | 290,998.43 | -290,998.43 | |
| Derivative financial liabilities | |||
| Notes payable | 463,479,760.54 | 463,479,760.54 | 0.00 |
| Accounts payable | 10,301,665,725.20 | 10,301,665,725.20 | 0.00 |
| Receipts in advance | 641,430,490.22 | 641,430,490.22 | 0.00 |
| Contract liabilities | |||
| Financial assets sold under repurchase agreements | |||
| Customer deposits and deposits from banks and other financial institutions | |||
| Funds from securities trading agency | |||
| Funds from underwriting securities agency | |||
| Payroll payable | 1,921,741,131.63 | 1,921,741,131.63 | 0.00 |
| Taxes payable | 1,418,921,664.57 | 1,418,921,664.57 | 0.00 |
| Other payables | 2,953,454,987.95 | 2,953,454,987.95 | 0.00 |
| Including : Interests payable | |||
| Dividends payable | 119,917,640.92 | 119,917,640.92 | 0.00 |
| Fees and commissions payable | |||
| Amounts payable under reinsurance contracts | |||
| Held-for-sale liabilities | |||
| Non-current liabilities due within one year | 3,178,171,147.16 | 3,178,171,147.16 | 0.00 |
| Other current liabilities | 364,984,759.94 | 364,984,759.94 | 0.00 |
| Total Current Liabilities | 24,709,796,353.93 | 24,709,796,353.93 | 0.00 |
| Non-current Liabilities: | |||
| Insurance contract reserves | |||
| Long-term borrowings | 440,000,000.00 | 440,000,000.00 | 0.00 |
| Bonds payable | |||
| Including: Preferred share | |||
| Perpetual bond | |||
| Leasing liabilities | |||
| Long-term payables | |||
| Long-term payroll payable | |||
| Provisions | 77,625,238.49 | 77,625,238.49 | 0.00 |
| Deferred income | 293,179,089.13 | 293,179,089.13 | 0.00 |
| Deferred tax liabilities | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 810,804,327.62 | 810,804,327.62 | 0.00 |
| Total liabilities | 25,520,600,681.55 | 25,520,600,681.55 | 0.00 |
| Owners’ Equity | |||
| Share capital | 9,227,270,473.00 | 9,227,270,473.00 | 0.00 |
| Other equity instruments | |||
| Including: Preferred share | |||
| Perpetual debt | |||
| Capital reserves | 1,960,939,660.52 | 1,960,939,660.52 | 0.00 |
| Less: Treasury shares | 364,984,759.94 | 364,984,759.94 | 0.00 |
| Other comprehensive income | -49,576,351.10 | -76,065,167.67 | -26,488,816.57 |
| Special reserves | |||
| Surplus reserves | 4,460,712,358.45 | 4,460,712,358.45 | 0.00 |
| General risk reserve | |||
| Retained earnings | 22,359,856,271.42 | 22,359,856,271.42 | 0.00 |
| Total owners' equity attributable to owner of the Company | 37,594,217,652.35 | 37,567,728,835.78 | -26,488,816.57 |
| Minority equity | 376,690,413.89 | 376,690,413.89 | 0.00 |
| Total owners' equity | 37,970,908,066.24 | 37,944,419,249.67 | -26,488,816.57 |
| Total liabilities and owners' equity | 63,491,508,747.79 | 63,465,019,931.22 | -26,488,816.57 |
| Item | December 31st 2018 | January 1st 2019 | Adjustments |
| Current Assets: | |||
| Cash and bank balances | 19,192,461,228.22 | 19,192,461,228.22 | 0.00 |
| Balances with clearing agencies | |||
| Financial assets at fair value through current profit and loss | |||
| Derivative financial assets | |||
| Notes receivable | 351,793,632.24 | 121,404,793.77 | -230,388,838.47 |
| Accounts receivable | 15,204,519,161.71 | 15,204,519,161.71 | 0.00 |
| Receivables for financing | 228,210,299.95 | 228,210,299.95 | |
| Prepayments | 132,344,929.55 | 132,344,929.55 | 0.00 |
| Other receivables | 522,987,955.34 | 522,987,955.34 | 0.00 |
| Including: Interests receivable | |||
| Dividends receivable | 2,550,000.00 | 2,550,000.00 | 0.00 |
| Inventories | 168,885,723.93 | 168,885,723.93 | 0.00 |
| Contract assets | |||
| Held-for-sale assets | |||
| Non-current assets due within one year | |||
| Other current assets | 93,661,315.14 | 93,661,315.14 | 0.00 |
| Total Current Assets | 35,666,653,946.13 | 35,664,475,407.61 | -2,178,538.52 |
| Non-current Assets: | |||
| Debt investments | |||
| Available-for-sale financial assets | 290,956,813.00 | -290,956,813.00 | |
| Other debt investments | |||
| Held-to-maturity investments | |||
| Long-term receivables | |||
| Long-term equity investment | 4,361,147,395.90 | 4,361,147,395.90 | 0.00 |
| Other equity investments | |||
| Other non-current financial assets | 0.00 | 290,956,813.00 | 290,956,813.00 |
| Investment real estate | |||
| Fixed assets | 2,844,176,300.34 | 2,844,176,300.34 | 0.00 |
| Construction in progress | 65,156,482.70 | 65,156,482.70 | 0.00 |
| Productive biological assets | |||
| Oil and gas assets | |||
| Right-to-use assets | |||
| Intangible assets | 197,147,608.73 | 197,147,608.73 | 0.00 |
| Development expenditures | |||
| Goodwill | |||
| Long-term deferred expenses | |||
| Deferred tax assets | 221,779,547.02 | 221,779,547.02 | 0.00 |
| Other non-current assets | 14,601,579.55 | 14,601,579.55 | 0.00 |
| Total Non-current Assets | 7,994,965,727.24 | 7,994,965,727.24 | 0.00 |
| Total Assets | 43,661,619,673.37 | 43,659,441,134.85 | -2,178,538.52 |
| Current Liabilities: | |||
| Short-term borrowings | |||
| Held-for-trading financial liabilities | |||
| Financial liabilities at fair value through current profit and loss | |||
| Derivative financial liabilities | |||
| Notes payable | |||
| Accounts payable | 356,787,605.91 | 356,787,605.91 | 0.00 |
| Receipts in advance | 204,337,524.21 | 204,337,524.21 | 0.00 |
| Contract liabilities | |||
| Payroll payable | 1,272,626,004.95 | 1,272,626,004.95 | 0.00 |
| Taxes payable | 987,057,652.70 | 987,057,652.70 | 0.00 |
| Other payables | 2,529,600,057.31 | 2,529,600,057.31 | 0.00 |
| Including : Interests payable | |||
| Dividends payable | 117,467,640.92 | 117,467,640.92 | 0.00 |
| Held-for-sale liabilities | |||
| Non-current liabilities due within one year | 3,172,727,888.37 | 3,172,727,888.37 | 0.00 |
| Other current liabilities | 364,984,759.94 | 364,984,759.94 | 0.00 |
| Total Current Liabilities | 8,888,121,493.39 | 8,888,121,493.39 | 0.00 |
| Non-current Liabilities: | |||
| Long-term borrowings | |||
| Bonds payable | |||
| Including: Preferred share | |||
| Perpetual bond | |||
| Leasing liabilities |
| Long-term payables | |||
| Long-term payroll payable | |||
| Provisions | 52,956,535.09 | 52,956,535.09 | 0.00 |
| Deferred income | 186,747,708.01 | 186,747,708.01 | 0.00 |
| Deferred tax liabilities | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 239,704,243.10 | 239,704,243.10 | 0.00 |
| Total liabilities | 9,127,825,736.49 | 9,127,825,736.49 | 0.00 |
| Owners’ Equity | |||
| Share capital | 9,227,270,473.00 | 9,227,270,473.00 | 0.00 |
| Other equity instruments | |||
| Including: Preferred share | |||
| Perpetual debt | |||
| Capital reserves | 1,883,262,407.46 | 1,883,262,407.46 | 0.00 |
| Less: Treasury shares | 364,984,759.94 | 364,984,759.94 | 0.00 |
| Other comprehensive income | -2,178,538.52 | -2,178,538.52 | |
| Special reserves | |||
| Surplus reserves | 4,460,712,358.45 | 4,460,712,358.45 | 0.00 |
| Retained earnings | 19,327,533,457.91 | 19,327,533,457.91 | 0.00 |
| Total owners' equity | 34,533,793,936.88 | 34,531,615,398.36 | -2,178,538.52 |
| Total liabilities and owners' equity | 43,661,619,673.37 | 43,659,441,134.85 | -2,178,538.52 |
Consolidated Balance Sheet
Unit: RMB
| Book value presented according to former standard for financial instruments as at December 31st 2018 | Reclassification | Re-measurement | Book value presented according to the New Standards for Financial Instruments as at January 1st 2019 | |
| Financial assets held for trading (Note 1) | 1,860,050.59 | 1,860,050.59 | ||
| Financial assets at fair value through profit and loss of current period (Note 1) | 1,860,050.59 | -1,860,050.59 | ||
| Notes receivable (Note 2) | 2,569,445,189.92 | -2,273,846,399.85 | 295,598,790.07 | |
| Receivables for financing (Note 2) | 2,273,846,399.85 | -26,488,816.57 | 2,247,357,583.28 | |
| Other comprehensive income (Note 2) | -49,576,351.10 | -26,488,816.57 | -76,065,167.67 | |
| Available-for-sale financial assets (Note 3) | 290,966,813.00 | -290,966,813.00 | ||
| Other non-current financial assets (Note 3) | 290,966,813.00 | 290,966,813.00 | ||
| Held-for-trading financial liabilities (Note 4) | 290,998.43 | 290,998.43 | ||
| Financial liabilities at fair value through profit and loss of current period (Note 4) | 290,998.43 | -290,998.43 |
| Book value presented according to former standard for financial instruments as at December 31st 2018 | Reclassification | Re-measurement | Book value presented according to the New Standards for Financial Instruments as at January 1st 2019 | |
| Notes receivable (Note 2) | 351,793,632.24 | -230,388,838.47 | 121,404,793.77 | |
| Receivables for financing (Note 2) | 230,388,838.47 | -2,178,538.52 | 228,210,299.95 | |
| Other comprehensive income (Note 2) | -2,178,538.52 | -2,178,538.52 | ||
| Available-for-sale financial assets (Note 3) | 290,956,813.00 | -290,956,813.00 | ||
| Other non-current financial assets (Note 3) | 290,956,813.00 | 290,956,813.00 |
Gains or losses arising from changes in fair value of the derivative financial assets were directly recognized inprofit or loss of the current period. Financial assets measured at fair value through current profit and loss werereclassified to held-for-trading financial assets on January 1
st2019.
Note 2: In its daily capital management, the Group endorses or discounts some of its bank acceptance notes. Thebusiness model for managing the aforesaid notes receivable is for the purposes of obtaining contractual cash flowsand sale. Therefore, on January 1
st2019, the Group reclassified such notes receivable as financial assets at fairvalue through other comprehensive income, and presented as receivables for financing.
Note 3: On January 1
st2019, some of the equity investments held by the Group were reclassified as financialassets at fair value through profit and loss of current period and presented as other non-current financial assets.
Note 4: The derivative financial liabilities held by the Group include forward foreign exchange contracts andforeign exchange option contracts, which are not designated as hedging instruments. Gains or losses arising fromchanges in fair value of the derivative financial liabilities were directly recognized in profit or loss of the currentperiod. Financial liabilities measured at fair value through current profit and loss were reclassified toheld-for-trading financial liabilities on January 1
st
2019.
4.3 Audit Report
Whether audit has been performed on this 2019 3
rdQuarter Report
□ Yes √ No
The Company’s 2019 3
rd
Quarter report has not been audited
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.Chairman: Chen ZongnianOctober 19
th
2019
Note: This document is a translated version of the Chinese version 2019 Q3 Financial Report(“2019年第三季度报告全文”), and the published Q3 report in the Chinese version shall prevail.The complete published Chinese 2019 Q3 Financial Report may be obtained at
http://www.cninfo.com.cn.