SHENZHENPROPERTIES&RESOURCES
DEVELOPMENT(GROUP)LTD.
FIRSTQUARTERLYREPORT2021
(AnnouncementNo.2021-21)
April2021
PartIImportantNotes
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.LiuShengxiang,theCompany’slegalrepresentative,CaiLili,theCompany’sheadoffinancialaffairs,andLiuQiang,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformationIKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
| Q12021 | Q12020 | Change(%) | |
| Operatingrevenue(RMB) | 891,026,732.66 | 861,546,080.08 | 3.42% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 214,420,219.16 | 152,014,318.10 | 41.05% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | 208,303,080.57 | 152,909,860.77 | 36.23% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | 83,213,087.80 | -609,307,576.52 | -113.66% |
| Basicearningspershare(RMB/share) | 0.3598 | 0.2551 | 41.04% |
| Dilutedearningspershare(RMB/share) | 0.3598 | 0.2551 | 41.04% |
| Weightedaveragereturnonequity(%) | 5.59% | 4.72% | 0.87% |
| 31March2021 | 31December2020 | Change(%) | |
| Totalassets(RMB) | 12,455,805,632.29 | 12,207,356,912.54 | 2.04% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 3,942,068,204.39 | 3,727,917,440.03 | 5.74% |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q12021 | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 7,000.00 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 136,000.00 | |
| Non-operatingincomeandexpenseotherthantheabove | 8,010,201.46 | |
| Less:Incometaxeffects | 2,004,300.37 | |
| Non-controllinginterestseffects(netoftax) | 31,762.50 | |
| Total | 6,117,138.59 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat31March2021
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholdersattheperiod-end | 55,834 | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | ||||
| Top10shareholders | |||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | ||
| Status | Shares | ||||||
| ShenzhenInvestmentHoldingsCorporation | State-ownedlegalperson | 50.57% | 301,414,637 | 3,326 | |||
| ShenzhenState-OwnedEquityOperationandManagementCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.38% | 38,037,890 | 0 | |||
| ChinaOrientAssetManagementCo.,Ltd. | State-ownedlegalperson | 3.90% | 23,236,400 | 0 | |||
| ChuYuanyuan | Domesticnaturalperson | 0.54% | 3,241,100 | 0 | |||
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalperson | 0.37% | 2,205,280 | 0 | |||
| ShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd. | Domesticnon-state-ownedlegalperson | 0.29% | 1,730,300 | 1,730,300 | |||
| DuanShaoteng | Domesticnaturalperson | 0.29% | 1,699,765 | 0 | |||
| ChinaConstructionBank-WanjiaSelectedMixedTypeSecuritiesInvestmentFund | Other | 0.26% | 1,529,489 | 0 | |||
| YangYaochu | Domesticnaturalperson | 0.25% | 1,500,384 | 0 | |||
| BoseraFund-PICCLifeInsurance-TraditionalGeneral | Other | 0.25% | 1,477,500 | 0 | |||
| InsurancePortfolio-BoseraFund–A-StockMixedPortfolioSingleAssetManagementPlanofPICCLifeInsuranceCompanyLimited | ||||
| Top10unrestrictedshareholders | ||||
| Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | ||
| Type | Shares | |||
| ShenzhenInvestmentHoldingsCorporation | 301,411,311 | RMB-denominatedordinarystock | 301,411,311 | |
| ShenzhenState-OwnedEquityOperationandManagementCo.,Ltd. | 38,037,890 | RMB-denominatedordinarystock | 38,037,890 | |
| ChinaOrientAssetManagementCo.,Ltd. | 23,236,400 | RMB-denominatedordinarystock | 23,236,400 | |
| ChuYuanyuan | 3,241,100 | RMB-denominatedordinarystock | 3,241,100 | |
| HongKongSecuritiesClearingCompanyLtd. | 2,205,280 | RMB-denominatedordinarystock | 2,205,280 | |
| DuanShaoteng | 1,699,765 | RMB-denominatedordinarystock | 1,699,765 | |
| ChinaConstructionBank-WanjiaSelectedMixedTypeSecuritiesInvestmentFund | 1,529,489 | RMB-denominatedordinarystock | 1,529,489 | |
| YangYaochu | 1,500,384 | Domesticallylistedforeignstock | 1,500,384 | |
| BoseraFund-PICCLifeInsurance-TraditionalGeneralInsurancePortfolio-BoseraFund–A-StockMixedPortfolioSingleAssetManagementPlanofPICCLifeInsuranceCompanyLimited | 1,477,500 | RMB-denominatedordinarystock | 1,477,500 | |
| MaiFurong | 1,103,096 | Domesticallylistedforeignstock | 1,103,096 | |
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thefirstlargestshareholder,ShenzhenInvestmentHoldingCorporation,istheactualcontrollingshareholderoftheCompany,thesecondlargestshareholderisthewholly-ownedsubsidiaryofShenzhenInvestmentHoldingCorporation,whichexistrelated-partyrelationshipwiththeCompany.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheother8shareholders. | |||
| Top10shareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A | |||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√No
NosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEventsIChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable
1.PrepaymentsstoodatRMB75,086,951.68asat31March2021,rising48.56%comparedto31December2020,primarilydrivenbytheincreaseindemolitionservicefeeprepaid.
2.Long-termprepaidexpensestoodatRMB15,627,354.02asat31March2021,rising31.74%comparedto31December2020,primarilydrivenbytheincreaseindecorationexpendituresofrentedofficeswiththeCompanyasthelessee.
3.ContractliabilitiesstoodatRMB863,750,204.45asat31March2021,rising29.52%comparedto31December2020,primarilydrivenbytheincreaseinadvancesfromcommercialbuildingsales.
4.SellingexpensestoodatRMB3,005,132.04duringQ12021,declining35.91%comparedtoQ12020,primarilydrivenbythedecreaseinsalesserviceexpense.
5.FinancecostsstoodatRMB11,763,247.61duringQ12021,declining45.61%comparedtoQ12020,primarilydrivenbytheincreaseincapitalizedinterestexpense.
6.ReturnoninvestmentstoodatRMB2,577,004.72duringQ12021,comparedtoRMB-10,994.73inQ12020,withthechangeprimarilydrivenbytheincreaseinreturnsoninvestmentsinjointventurescalculatedusingtheequitymethodasaresultofasubstantialincreaseintheirnetprofits.
7.Non-operatingincomestoodatRMB8,612,813.60duringQ12021,rising997.85%comparedtoQ12020,primarilydrivenbythereceiptofdemolitioncompensation.
8.Netcashgeneratedfrom/usedinoperatingactivitiesstoodatRMB83,213,087.80duringQ12021,comparedtoRMB-609,307,576.52inQ12020,withthechangeprimarilydrivenbytheincreaseinsalespaymentscollected.
9.Netcashgeneratedfrom/usedininvestingactivitiesstoodatRMB-7,912,883.72duringQ12021,comparedtoRMB-3,384,962.58inQ12020,withthechangeprimarilydrivenbytheincreaseinofficedecorationexpenditures.
10.Netcashgeneratedfrom/usedinfinancingactivitiesstoodatRMB-46,683,112.50duringQ12021,comparedtoRMB772,655,600.48inQ12020,withthechangeprimarilydrivenbythenewloanofRMB807millioninthesameperiodoflastyear,withnocomparableloaninthecurrentperiod.
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
√Applicable□Notapplicable
1.ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,planstoinvestintheestablishmentofawholly-ownedsubsidiaryintheVietnam-ChinaEconomicandTradeCooperationZoneinHaiPhong,Vietnam,inabidtostrengthenin-depthcooperationwithimportantoverseascustomers,studyandexploreadvancedcutting-edgetechnologies,takeanactivepartintheinternationalindustriallayout,andexpandtheinternationalmarket.InJanuary2021,thesubsidiaryinVietnamcompleteditsregistrationandreceivedtheEnterpriseRegistrationCertificatefromtheBusinessRegistrationOfficeoftheHaiphongDepartmentofPlanningandInvestmentDecision.ThedetailsweredisclosedonthedesignatedmediaonJanuary6.
2.TheCompanyreceivedtheNoticeofShenzhenInvestmentHoldingsCo.,Ltd.ontheFreeTransferofSharesofShenZhenProperties&ResourcesDevelopment(Group)Ltd.(S.T.K.[2021]No.38)fromthecontrollingshareholderShenzhenInvestment
HoldingsCo.,Ltd.(SIHC).SIHCdecidedtotransferits38,037,890non-restrictedtradablecommonsharesontheA-sharesmarketintheCompany(accountingfor6.382%ofthetotalsharecapitaloftheCompany)toShenzhenState-ownedEquityManagementCo.,Ltd.forfreetoreplenishthesocialsecurityfunds.On17March2021,theCompanyreceivedtheConfirmationofSecuritiesTransferRegistrationissuedbyShenzhenBranchofChinaSecuritiesDepositoryandClearingCorporationLimitedfromShenzhenState-ownedEquityManagementCo.,Ltd.confirmingthattheregistrationproceduresforthefreetransferoftheabove-mentionedstate-ownedshareshadbeencompletedonMarch15.TherespectivedetailsweredisclosedonthedesignatedmediaonJanuary29andMarch18.
3.On18July2020,theCompanyreleasedanannouncementonthedesignatedmedia,disclosinginformationontheplanoftheCompany'scontrollingshareholderSIHCtoreducethenumberofitssharesintheCompanybynomorethan11,919,581sharesinthecallauctionwithin6monthsafter15tradingdaysfromthedateofdisclosure.From25August2020toSeptember4,2020,SIHCaccumulatedareductionof5,959,696sharesintheCompanyincallauction,withthenumberofsharesreducedbymorethanhalf.ThedetailsweredisclosedonthedesignatedmediaonSeptember5.On9February2021,theCompanyreceivedtheNotificationLetterontheImplementationofthePRDShareReductionPlanfromSIHC.ItwasnotedintheLetterthatfrom10August2020to9February2021,SIHCaccumulativelyreduced5,959,696sharesintheCompany(accountfor1.00%oftheCompany'stotalsharecapital)incallauction,addingthatsincethereductionperiodsetinthesharereductionplanhasexpired,theimplementationofthisreductionplanhasbeenconcluded.ThedetailsweredisclosedonthedesignatedmediaonFebruary10.
| Overviewofsignificantevents | Disclosuredate | Indextodisclosurewebsiteforinterimreport |
| Wholly-ownedsubsidiarytoestablishawholly-ownedsubsidiaryoverseas | 23September2020 | AnnouncementNo.2020-43onWholly-ownedSubsidiarytoEstablishaWholly-OwnedSubsidiaryOverseasonwww.cninfo.com.cn |
| 6January2021 | AnnouncementNo.2021-01onCompletionofRegistrationofVietnamSubsidiaryonwww.cninfo.com.cn | |
| Thetransferofsomestate-ownedsharesheldbythecontrollingshareholderoftheCompanyShenzhenInvestmentHoldingsCo.,Ltd.tosocialsecurityfundwithoutcompensation | 29January2021 | AnnouncementNo.2021-02ontheTransferofSomeState-ownedSharesHeldbyControllingShareholderstoSocialSecurityFundwithoutCompensation |
| 18March2021 | AnnouncementNo.2021-05ontheCompletingtheRegistrationofShareOwnershipTransferregardingTransferofSomeState-ownedSharesHeldbyControllingShareholderstoSocialSecurityFundwithoutCompensation | |
| TheCompany’scontrollingshareholdertoreduceshareholding | 18July2020 | AnnouncementNo.2020-33ontheCompany’sControllingShareholdertoReduceShareholdingonwww.cninfo.com.cn |
| 5September2020 | AnnouncementNo.2020-41onProgressofShareholdingReductionbytheCompany’sControllingShareholder(OverHalfofItsReductionPlan) | |
| 10February2021 | AnnouncementNo.2021-03onExpirationandCompletionofReducingShareholdingbytheCompany’sControllingShareholders |
Progressofanysharerepurchases:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IVFinancialInvestments
1.SecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
| Typeofsecurities | Codeofsecurities | Nameofsecurities | Initialinvestmentcost | Accountingmeasurementmethod | Openingcarryingamount | Gain/lossonfair-valuechangesinthecurrentperiod | Cumulativefair-valuechangesthroughequity | Purchasedinthecurrentperiod | Soldinthecurrentperiod | Gain/lossinthecurrentperiod | Closingcarryingamount | Accountingtitle | Fundingsource |
| Domestic/overseasstock | 400016、420016 | GintianA,GintianB | 3,565,856.06 | Fairmethod | 1,044,905.12 | 0.00 | -50,535.60 | 0.00 | 0.00 | 0.00 | 994,369.52 | Otherequityinstrumentinvestment | Obtainedindebtrestructuring |
| Total | 3,565,856.06 | -- | 1,044,905.12 | 0.00 | -50,535.60 | 0.00 | 0.00 | 0.00 | 994,369.52 | -- | -- | ||
| DisclosuredateofannouncementonBoard’sconsentforsecuritiesinvestment | |||||||||||||
| Disclosuredateofannouncementonshareholders’meeting’sconsentforsecuritiesinvestment(ifany) | |||||||||||||
2.InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VProgressofProjectsFinancedwithRaisedFunds
□Applicable√Notapplicable
VIOperatingPerformanceForecastforJanuary-June2021Warningofaforecastlossonoraforecastsignificantyear-on-yearchangeintheaccumulativenetprofitfromthebeginningoftheyeartotheendofthenextreportingperiod,aswellasexplanationofwhy:
□Applicable√Notapplicable
VIISignificantContractsArisingfromtheCompany’sOrdinaryCourseofBusiness
□Applicable√NotapplicableVIIICashEntrustedforWealthManagement
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IXIrregularitiesinProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
XICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
| Date | Place | Wayofcommunication | Typeofcommunicationparty | Communicationparty | Majordiscussioncontentandinformationprovided | Indextomaininformationcommunicated |
| 7January2021 | TheCompany | ByPhone | Individual | Individual | Inquiredofreasonforslumpinstock | N/A |
| 10January2021 | TheCompany | Other | Individual | Individual | Inquiredofwhethertheimplementationof“TwoRedLines”mayinfluencethecreditoftheCompany | N/A |
| 13January2021 | TheCompany | Other | Individual | Individual | Inquiredofinformationabouttheprojectofdigitalecologicalindustrialpark | N/A |
| 26January2021 | TheCompany | Other | Individual | Individual | Inquiredofinformationaboutcashflowstatementsin2020ThirdQuarterReport | N/A |
| 27January2021 | TheCompany | Other | Individual | Individual | Inquiredofdisclosuretimeof2020AnnualReport | N/A |
| 15March2021 | TheCompany | Other | Individual | Individual | InquiredofinformationaboutemploymentoftheCompany | N/A |
| 20March2021 | TheCompany | Other | Individual | Individual | Inquiredofdisclosuretimeof2021FirstQuarterReport | N/A |
PartIVFinancialStatementsIFinancialStatements
1.ConsolidatedBalanceSheet
PreparedbyShenZhenProperties&ResourcesDevelopment(Group)Ltd.
31March2021
Unit:RMB
| Item | 31March2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 4,236,786,272.36 | 4,206,266,629.32 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 241,098,903.01 | 187,697,631.47 |
| Accountsreceivablefinancing | ||
| Prepayments | 75,086,951.68 | 50,543,422.85 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 806,040,257.43 | 789,050,350.51 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 5,329,071,962.25 | 5,312,489,258.20 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 47,312,127.72 | 48,991,965.92 |
| Totalcurrentassets | 10,735,396,474.45 | 10,595,039,258.27 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 48,287,225.51 | 45,710,220.79 |
| Investmentsinotherequityinstruments | 994,369.52 | 1,044,905.12 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 478,003,522.78 | 484,738,506.83 |
| Fixedassets | 111,982,155.26 | 116,233,936.04 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Userightsassets | 13,874,979.81 | |
| Intangibleassets | 427,470.54 | 482,049.51 |
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | 15,627,354.02 | 11,862,716.14 |
| Deferredincometaxassets | 1,049,051,017.26 | 950,681,245.50 |
| Othernon-currentassets | 2,161,063.14 | 1,564,074.34 |
| Totalnon-currentassets | 1,720,409,157.84 | 1,612,317,654.27 |
| Totalassets | 12,455,805,632.29 | 12,207,356,912.54 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 365,648,385.01 | 468,269,685.65 |
| Advancesfromcustomers | 683,919.44 | 473,274.48 |
| Contractualliabilities | 863,750,204.45 | 666,893,629.72 |
| Financialassetssoldunderrepurchaseagreements |
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Payrollpayable | 150,533,526.05 | 177,190,197.36 |
| Taxespayable | 2,395,310,227.22 | 2,487,212,979.37 |
| Otherpayables | 891,059,926.80 | 847,142,613.09 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 36,722,824.88 | 36,722,824.88 |
| Othercurrentliabilities | 53,821,158.90 | 43,354,691.51 |
| Totalcurrentliabilities | 4,757,530,172.75 | 4,727,259,896.06 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 3,587,800,000.00 | 3,587,800,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 14,016,985.64 | |
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Provisions | 2,396,947.00 | 2,396,947.00 |
| Deferredincome | 0.00 | 0.00 |
| Deferredincometaxliabilities | 262.20 | 262.20 |
| Othernon-currentliabilities | 106,387,153.03 | 108,778,327.45 |
| Totalnon-currentliabilities | 3,710,601,347.87 | 3,698,975,536.65 |
| Totalliabilities | 8,468,131,520.62 | 8,426,235,432.71 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 80,488,045.38 | 80,488,045.38 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -7,019,044.21 | -6,749,589.41 |
| Specificreserve | ||
| Surplusreserves | 19,205,979.63 | 19,205,979.63 |
| Generalreserve | ||
| Retainedearnings | 3,253,414,131.59 | 3,038,993,912.43 |
| TotalequityattributabletoownersoftheCompanyastheparent | 3,942,068,204.39 | 3,727,917,440.03 |
| Non-controllinginterests | 45,605,907.28 | 53,204,039.80 |
| Totalowners’equity | 3,987,674,111.67 | 3,781,121,479.83 |
| Totalliabilitiesandowners’equity | 12,455,805,632.29 | 12,207,356,912.54 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31March2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 3,128,781,159.66 | 3,216,703,036.69 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 4,453,779.81 | 2,624,500.42 |
| Accountsreceivablefinancing | ||
| Prepayments | ||
| Otherreceivables | 226,062,266.79 | 145,325,697.20 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Inventories | 658,057,076.23 | 653,885,107.24 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 496,729.09 | 496,729.09 |
| Totalcurrentassets | 4,017,851,011.58 | 4,019,035,070.64 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 1,073,753,105.90 | 1,071,176,101.18 |
| Investmentsinotherequityinstruments | 1,224,869.52 | 1,275,405.12 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 301,708,379.26 | 303,827,356.62 |
| Fixedassets | 47,543,764.29 | 51,091,963.72 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Userightsassets | 649,585.03 | |
| Intangibleassets | ||
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | 389,195.94 | 432,440.01 |
| Deferredincometaxassets | 241,148,792.13 | 252,331,518.26 |
| Othernon-currentassets | 1,344,668,234.55 | 1,197,407,234.55 |
| Totalnon-currentassets | 3,011,085,926.62 | 2,877,542,019.46 |
| Totalassets | 7,028,936,938.20 | 6,896,577,090.10 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 40,429,856.19 | 55,887,947.36 |
| Advancesfromcustomers |
| Contractualliabilities | ||
| Payrollpayable | 43,247,376.59 | 50,710,148.02 |
| Taxespayable | 1,107,591.55 | 3,736,082.67 |
| Otherpayables | 4,095,750,244.82 | 3,971,988,862.11 |
| Including:Interestpayable | ||
| Dividendspayable | 29,642.40 | 29,642.40 |
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 31,573,154.86 | 31,573,154.86 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 4,212,108,224.01 | 4,113,896,195.02 |
| Non-currentliabilities: | ||
| Long-termborrowings | 588,200,000.00 | 588,200,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 656,457.21 | |
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| Provisions | ||
| Deferredincome | ||
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
| Totalnon-currentliabilities | 628,856,457.21 | 628,200,000.00 |
| Totalliabilities | 4,840,964,681.22 | 4,742,096,195.02 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 53,876,380.11 | 53,876,380.11 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -2,595,986.79 | -2,545,451.19 |
| Specificreserve |
| Surplusreserves | 19,205,979.63 | 19,205,979.63 |
| Retainedearnings | 1,521,506,792.03 | 1,487,964,894.53 |
| Totalowners’equity | 2,187,972,256.98 | 2,154,480,895.08 |
| Totalliabilitiesandowners’equity | 7,028,936,938.20 | 6,896,577,090.10 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Revenue | 891,026,732.66 | 861,546,080.08 |
| Including:Operatingrevenue | 891,026,732.66 | 861,546,080.08 |
| Interestincome | ||
| Premiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 630,078,645.14 | 662,964,303.05 |
| Including:Costofsales | 314,741,306.53 | 330,926,955.66 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netclaimspaid | ||
| Netamountprovidedaspolicyreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 253,169,175.96 | 266,678,061.72 |
| Sellingexpense | 3,005,132.04 | 4,689,041.03 |
| Administrativeexpense | 47,399,783.00 | 39,041,614.67 |
| R&Dexpense | ||
| Financecosts | 11,763,247.61 | 21,628,629.97 |
| Including:Interestexpense | 29,487,619.47 | 38,309,547.10 |
| Interestincome | 18,078,929.02 | 16,103,643.77 |
| Add:Otherincome | 1,380,702.88 | 1,170,615.61 |
| Returnoninvestment(“-”forloss) | 2,577,004.72 | -10,994.73 |
| Including:Shareofprofitorlossofjointventuresandassociates | 2,577,004.72 | -10,994.73 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Foreignexchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -31,765.17 | 1,016,216.33 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | ||
| 3.Operatingprofit(“-”forloss) | 264,874,029.95 | 200,757,614.24 |
| Add:Non-operatingincome | 8,612,813.60 | 784,515.00 |
| Less:Non-operatingexpense | 595,612.14 | 2,078,006.42 |
| 4.Profitbeforetax(“-”forloss) | 272,891,231.41 | 199,464,122.82 |
| Less:Incometaxexpense | 66,209,144.78 | 71,031,397.02 |
| 5.Netprofit(“-”fornetloss) | 206,682,086.63 | 128,432,725.80 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 206,682,086.63 | 128,432,725.80 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent | 214,420,219.16 | 152,014,318.10 |
| 5.2.2Netprofitattributabletonon-controllinginterests | -7,738,132.53 | -23,581,592.30 |
| 6.Othercomprehensiveincome,netoftax | -269,454.80 | -1,413,997.45 |
| AttributabletoownersoftheCompanyastheparent | -269,454.80 | -1,413,997.45 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -50,535.60 | -329,260.41 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -50,535.60 | -329,260.41 |
| 6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -218,919.20 | -1,084,737.04 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -218,919.20 | -1,084,737.04 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 206,412,631.83 | 127,018,728.35 |
| AttributabletoownersoftheCompanyastheparent | 214,150,764.36 | 150,600,320.65 |
| Attributabletonon-controllinginterests | -7,738,132.53 | -23,581,592.30 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.3598 | 0.2551 |
| 8.2Dilutedearningspershare | 0.3598 | 0.2551 |
Wherebusinesscombinationsundercommoncontroloccurredinthecurrentperiod,thenetprofitachievedbytheacquireesbefore
thecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Operatingrevenue | 21,929,527.54 | 9,570,288.89 |
| Less:Costofsales | 9,362,877.96 | 7,201,252.82 |
| Taxesandsurcharges | 178,848.22 | 1,448,803.87 |
| Sellingexpense | 127,251.59 | 11,069.00 |
| Administrativeexpense | 16,002,920.61 | 11,018,364.52 |
| R&Dexpense | ||
| Financecosts | -9,932,128.28 | -15,068,444.79 |
| Including:Interestexpense | 6,333,034.48 | |
| Interestincome | 16,286,641.67 | 15,074,747.59 |
| Add:Otherincome | 102,972.08 | |
| Returnoninvestment(“-”forloss) | 31,125,117.93 | 36,174,277.60 |
| Including:Shareofprofitorlossofjointventuresandassociates | 2,577,004.72 | -10,994.73 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | 13,225.50 | |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | ||
| 2.Operatingprofit(“-”forloss) | 37,431,072.95 | 41,133,521.07 |
| Add:Non-operatingincome | 7,293,820.40 | 18,036.00 |
| Less:Non-operatingexpense | 269.72 | 2,000,000.00 |
| 3.Profitbeforetax(“-”forloss) | 44,724,623.63 | 39,151,557.07 |
| Less:Incometaxexpense | 11,182,726.13 | 9,533,067.22 |
| 4.Netprofit(“-”fornetloss) | 33,541,897.50 | 29,618,489.85 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 33,541,897.50 | 29,618,489.85 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | -50,535.60 | -329,260.41 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -50,535.60 | -329,260.41 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | -50,535.60 | -329,260.41 |
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements |
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 33,491,361.90 | 29,289,229.44 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.0563 | 0.0497 |
| 7.2Dilutedearningspershare | 0.0563 | 0.0497 |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,091,637,435.67 | 308,259,221.14 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | ||
| Cashgeneratedfromotheroperatingactivities | 144,447,762.47 | 278,533,921.65 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,236,085,198.14 | 586,793,142.79 |
| Paymentsforcommoditiesandservices | 295,983,391.70 | 659,349,883.60 |
| Netincreaseinloansandadvancestocustomers |
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 192,980,462.47 | 170,204,761.13 |
| Taxespaid | 564,218,068.71 | 309,457,486.32 |
| Cashusedinotheroperatingactivities | 99,690,187.46 | 57,088,588.26 |
| Subtotalofcashusedinoperatingactivities | 1,152,872,110.34 | 1,196,100,719.31 |
| Netcashgeneratedfrom/usedinoperatingactivities | 83,213,087.80 | -609,307,576.52 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 9,344.57 | |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 9,344.57 | |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 7,922,228.29 | 3,384,962.58 |
| Paymentsforinvestments | ||
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 7,922,228.29 | 3,384,962.58 |
| Netcashgeneratedfrom/usedin | -7,912,883.72 | -3,384,962.58 |
| investingactivities | ||
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 140,000.00 | 490,000.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 140,000.00 | 490,000.00 |
| Borrowingsobtained | 807,000,000.00 | |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 140,000.00 | 807,490,000.00 |
| Repaymentsofborrowings | ||
| Paymentsforinterestanddividends | 46,823,112.50 | 34,834,399.52 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 46,823,112.50 | 34,834,399.52 |
| Netcashgeneratedfrom/usedinfinancingactivities | -46,683,112.50 | 772,655,600.48 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | 237,436.15 | 1,083,303.30 |
| 5.Netincreaseincashandcashequivalents | 28,854,527.73 | 161,046,364.68 |
| Add:Cashandcashequivalents,beginningoftheperiod | 4,168,154,911.83 | 3,285,345,233.47 |
| 6.Cashandcashequivalents,endoftheperiod | 4,197,009,439.56 | 3,446,391,598.15 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12021 | Q12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 8,452,796.79 | 5,388,532.54 |
| Taxrebates | ||
| Cashgeneratedfromotheroperatingactivities | 176,427,722.21 | 150,366,853.96 |
| Subtotalofcashgeneratedfromoperatingactivities | 184,880,519.00 | 155,755,386.50 |
| Paymentsforcommoditiesandservices | 21,070,926.08 | 27,546,580.74 |
| Cashpaidtoandforemployees | 16,422,540.08 | 13,488,663.13 |
| Taxespaid | 4,902,594.08 | 5,805,090.10 |
| Cashusedinotheroperatingactivities | 102,653,754.14 | 344,578,504.62 |
| Subtotalofcashusedinoperatingactivities | 145,049,814.38 | 391,418,838.59 |
| Netcashgeneratedfrom/usedinoperatingactivities | 39,830,704.62 | -235,663,452.09 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 565,000,000.00 | |
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 2,344.57 | |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 2,344.57 | 565,000,000.00 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 5,955,921.97 | 2,290,332.09 |
| Paymentsforinvestments | 117,000,000.00 | |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 122,955,921.97 | 2,290,332.09 |
| Netcashgeneratedfrom/usedininvestingactivities | -122,953,577.40 | 562,709,667.91 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsobtained | ||
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities |
| Repaymentsofborrowings | ||
| Paymentsforinterestanddividends | 6,325,812.50 | |
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 6,325,812.50 | |
| Netcashgeneratedfrom/usedinfinancingactivities | -6,325,812.50 | |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | ||
| 5.Netincreaseincashandcashequivalents | -89,448,685.28 | 327,046,215.82 |
| Add:Cashandcashequivalents,beginningoftheperiod | 3,190,160,215.19 | 2,450,935,673.17 |
| 6.Cashandcashequivalents,endoftheperiod | 3,100,711,529.91 | 2,777,981,888.99 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearoftheNewStandardsGoverningLeasesfrom2021
√Applicable□NotapplicableWhethertheCompanyneedstoadjustitemsinbalancesheetsatthebeginningoftheyear
√Yes□NoConsolidatedBalanceSheet
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjusted |
| Currentassets: | |||
| Monetaryassets | 4,206,266,629.32 | 4,206,266,629.32 | |
| Accountsreceivable | 187,697,631.47 | 187,697,631.47 | |
| Prepayments | 50,543,422.85 | 50,543,422.85 | |
| Otherreceivables | 789,050,350.51 | 789,050,350.51 | |
| Inventories | 5,312,489,258.20 | 5,312,489,258.20 | |
| Othercurrentassets | 48,991,965.92 | 48,991,965.92 | |
| Totalcurrentassets | 10,595,039,258.27 | 10,595,039,258.27 | |
| Non-currentassets: | |||
| Long-termequityinvestments | 45,710,220.79 | 45,710,220.79 | |
| Investmentsinotherequity | 1,044,905.12 | 1,044,905.12 |
| instruments | |||
| Investmentproperty | 484,738,506.83 | 484,738,506.83 | |
| Fixedassets | 116,233,936.04 | 116,233,936.04 | |
| Userightsassets | 14,992,421.49 | 14,992,421.49 | |
| Intangibleassets | 482,049.51 | 482,049.51 | |
| Long-termprepaidexpense | 11,862,716.14 | 11,862,716.14 | |
| Deferredincometaxassets | 950,681,245.50 | 950,681,245.50 | |
| Othernon-currentassets | 1,564,074.34 | 1,564,074.34 | |
| Totalnon-currentassets | 1,612,317,654.27 | 1,627,310,075.76 | 14,992,421.49 |
| Totalassets | 12,207,356,912.54 | 12,222,349,334.03 | 14,992,421.49 |
| Currentliabilities: | |||
| Accountspayable | 468,269,685.65 | 468,269,685.65 | |
| Advancesfromcustomers | 473,274.48 | 473,274.48 | |
| Contractualliabilities | 666,893,629.72 | 666,893,629.72 | |
| Payrollpayable | 177,190,197.36 | 177,190,197.36 | |
| Taxespayable | 2,487,212,979.37 | 2,487,212,979.37 | |
| Otherpayables | 847,142,613.09 | 847,142,613.09 | |
| Including:Interestpayable | 0.00 | ||
| Dividendspayable | 12,202,676.04 | 12,202,676.04 | |
| Currentportionofnon-currentliabilities | 36,722,824.88 | 36,722,824.88 | |
| Othercurrentliabilities | 43,354,691.51 | 43,354,691.51 | |
| Totalcurrentliabilities | 4,727,259,896.06 | 4,727,259,896.06 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 3,587,800,000.00 | 3,587,800,000.00 | |
| Leaseliabilities | 14,992,421.49 | 14,992,421.49 | |
| Provisions | 2,396,947.00 | 2,396,947.00 | |
| Deferredincome | 0.00 | ||
| Deferredincometaxliabilities | 262.20 | 262.20 | |
| Othernon-currentliabilities | 108,778,327.45 | 108,778,327.45 | |
| Totalnon-currentliabilities | 3,698,975,536.65 | 3,713,967,958.14 | 14,992,421.49 |
| Totalliabilities | 8,426,235,432.71 | 8,441,227,854.20 | 14,992,421.49 |
| Owners’equity: | |||
| Sharecapital | 595,979,092.00 | 595,979,092.00 | |
| Capitalreserves | 80,488,045.38 | 80,488,045.38 | |
| Othercomprehensiveincome | -6,749,589.41 | -6,749,589.41 | |
| Surplusreserves | 19,205,979.63 | 19,205,979.63 | |
| Retainedearnings | 3,038,993,912.43 | 3,038,993,912.43 | |
| TotalequityattributabletoownersoftheCompanyastheparent | 3,727,917,440.03 | 3,727,917,440.03 | |
| Non-controllinginterests | 53,204,039.80 | 53,204,039.80 | |
| Totalowners’equity | 3,781,121,479.83 | 3,781,121,479.83 | |
| Totalliabilitiesandowners’equity | 12,207,356,912.54 | 12,222,349,334.03 | 14,992,421.49 |
NotestoadjustmentTheCompanyhasimplementedthenewIFRS16Leasessince1January2021,andaccordingtotheaccumulatednumberofimpactsbasedontheexecutionofthenewleasestandard,theCompanywilladjusttheamountofrelevantitemsinthefinancialstatementsatthebeginningofthefirstyearofexecution,andwillnotadjustinformationforcomparableperiods.Foroperationalleasingpriortothedateofinitialadoption,theCompanywillmeasuretheleaseliabilitiesaccordingtothepresentvaluediscountedattheincrementalborrowingrateonthedateofinitialadoptionbasedontheremainingleasepayments,andmakenecessaryadjustmentstotheright-of-useassetsatanamountequaltotheleaseliabilities.BalancesheetoftheCompanyastheparent
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjusted |
| Currentassets: | |||
| Monetaryassets | 3,216,703,036.69 | 3,216,703,036.69 | |
| Accountsreceivable | 2,624,500.42 | 2,624,500.42 | |
| Otherreceivables | 145,325,697.20 | 145,325,697.20 | |
| Inventories | 653,885,107.24 | 653,885,107.24 | |
| Othercurrentassets | 496,729.09 | 496,729.09 | |
| Totalcurrentassets | 4,019,035,070.64 | 4,019,035,070.64 | |
| Non-currentassets: | |||
| Long-termequityinvestments | 1,071,176,101.18 | 1,071,176,101.18 | |
| Investmentsinotherequityinstruments | 1,275,405.12 | 1,275,405.12 | |
| Investmentproperty | 303,827,356.62 | 303,827,356.62 |
| Fixedassets | 51,091,963.72 | 51,091,963.72 | |
| Use-of-rightassets | 727,535.23 | 727,535.23 | |
| Long-termprepaidexpense | 432,440.01 | 432,440.01 | |
| Deferredincometaxassets | 252,331,518.26 | 252,331,518.26 | |
| Othernon-currentassets | 1,197,407,234.55 | 1,197,407,234.55 | |
| Totalnon-currentassets | 2,877,542,019.46 | 2,878,269,554.69 | 727,535.23 |
| Totalassets | 6,896,577,090.10 | 6,897,304,625.33 | 727,535.23 |
| Currentliabilities: | |||
| Accountspayable | 55,887,947.36 | 55,887,947.36 | |
| Payrollpayable | 50,710,148.02 | 50,710,148.02 | |
| Taxespayable | 3,736,082.67 | 3,736,082.67 | |
| Otherpayables | 3,971,988,862.11 | 3,971,988,862.11 | |
| Dividendspayable | 29,642.40 | 29,642.40 | |
| Currentportionofnon-currentliabilities | 31,573,154.86 | 31,573,154.86 | |
| Totalcurrentliabilities | 4,113,896,195.02 | 4,113,896,195.02 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 588,200,000.00 | 588,200,000.00 | |
| Leaseliabilities | 727,535.23 | 727,535.23 | |
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 | |
| Totalnon-currentliabilities | 628,200,000.00 | 628,927,535.23 | 727,535.23 |
| Totalliabilities | 4,742,096,195.02 | 4,742,823,730.25 | 727,535.23 |
| Owners’equity: | |||
| Sharecapital | 595,979,092.00 | 595,979,092.00 | |
| Capitalreserves | 53,876,380.11 | 53,876,380.11 | |
| Othercomprehensiveincome | -2,545,451.19 | -2,545,451.19 | |
| Surplusreserves | 19,205,979.63 | 19,205,979.63 | |
| Retainedearnings | 1,487,964,894.53 | 1,487,964,894.53 | |
| Totalowners’equity | 2,154,480,895.08 | 2,154,480,895.08 | |
| Totalliabilitiesandowners’equity | 6,896,577,090.10 | 6,897,304,625.33 | 727,535.23 |
NotestoadjustmentTheCompanyhasimplementedthenewIFRS16Leasessince1January2021,andaccordingtotheaccumulatednumberofimpacts
basedontheexecutionofthenewleasestandard,theCompanywilladjusttheamountofrelevantitemsinthefinancialstatementsatthebeginningofthefirstyearofexecution,andwillnotadjustinformationforcomparableperiods.Foroperationalleasingpriortothedateofinitialadoption,theCompanywillmeasuretheleaseliabilitiesaccordingtothepresentvaluediscountedattheincrementalborrowingrateonthedateofinitialadoptionbasedontheremainingleasepayments,andmakenecessaryadjustmentstotheright-of-useassetsatanamountequaltotheleaseliabilities.
2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstExecutionoftheNewStandardsGoverningLeasesfrom2021
□Applicable√NotapplicableIIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.