KONKAGROUPCO.,LTD.
FIRSTQUARTERREPORT2020
2020-36
April2020
PartIImportantNotesTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.LiuFengxi,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andFengJunxiu,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformationIKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
Q12020
| Q12020 | Q12019 | Change(%) | |
| Operatingrevenue(RMB) | 7,806,520,237.49 | 10,772,118,842.18 | -27.53% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | -220,602,940.37 | 85,566,720.43 | -357.81% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | -333,520,116.21 | -418,684,690.19 | 20.34% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -1,031,223,468.58 | -540,740,144.72 | -90.71% |
| Basicearningspershare(RMB/share) | -0.0916 | 0.0355 | -358.03% |
| Dilutedearningspershare(RMB/share) | -0.0916 | 0.0355 | -358.03% |
| Weightedaveragereturnonequity(%) | -2.77% | 1.05% | -3.82% |
| 31March2020 | 31December2019 | Change(%) | |
| Totalassets(RMB) | 44,151,457,346.04 | 42,586,955,452.27 | 3.67% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 7,846,689,489.69 | 8,068,505,598.13 | -2.75% |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q12020 | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | -149,388.59 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 93,148,568.70 | |
| Gain/Lossonentrustingotherswithinvestmentsorassetmanagement | 30,927,327.63 |
Gain/Lossonchangesinfairvaluearisingfromholdingofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandinvestmentincomefromdisposalofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilities,otherdebtobligationsotherthaneffectivehedgebusinessrelatedtotheCompany’snormaloperatingbusinesses
| Gain/Lossonchangesinfairvaluearisingfromholdingofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandinvestmentincomefromdisposalofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilities,otherdebtobligationsotherthaneffectivehedgebusinessrelatedtotheCompany’snormaloperatingbusinesses | 21,639,153.64 | |
| Gainorlossonloanentrustments | 426,624.74 | |
| Non-operatingincomeandexpenseotherthantheabove | 643,137.73 | |
| Less:Incometaxeffects | 21,397,677.10 | |
| Non-controllinginterestseffects(netoftax) | 12,320,570.91 | |
| Total | 112,917,175.84 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
| Item | Amount(RMB) | Reason |
| Taxrebatesonsoftware | 4,486,602.24 | GovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards |
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat31March2020
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholdersattheperiod-end | 162,694 | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | ||||||
| Top10shareholders | |||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | ||||
| Status | Shares | ||||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | State-ownedlegalperson | 21.75% | 523,746,932 | 0 | |||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreignlegalperson | 7.56% | 182,100,202 | 0 | |||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreignlegalperson | 2.47% | 59,497,225 | 0 | |||||
| HOLYTIMEGROUPLIMITED | Foreignlegalperson | 2.33% | 56,139,100 | 0 | |||||
| GAOLINGFUND,L.P. | Foreignlegalperson | 2.19% | 52,801,250 | 0 | |||||
HUALIFEINSURANCECO.,LTD.－SELF-OWNEDFUNDS
| HUALIFEINSURANCECO.,LTD.－SELF-OWNEDFUNDS | Other | 2.12% | 50,987,841 | 0 | |||||
| NAMNGAI | Foreignnaturalperson | 0.92% | 22,063,940 | 0 | |||||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedlegalperson | 0.83% | 20,000,120 | 0 | |||||
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | Foreignlegalperson | 0.52% | 12,452,154 | 0 | |||||
| SPDRPortfolioEmergingMarketsETF | Foreignlegalperson | 0.46% | 11,131,563 | 0 | |||||
| Top10unrestrictedshareholders | |||||||||
| Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | |||||||
| Type | Shares | ||||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | 523,746,932 | RMB-denominatedordinarystock | 523,746,932 | ||||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 182,100,202 | Domesticallylistedforeignstock | 182,100,202 | ||||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 59,497,225 | Domesticallylistedforeignstock | 59,497,225 | ||||||
| HOLYTIMEGROUPLIMITED | 56,139,100 | Domesticallylistedforeignstock | 56,139,100 | ||||||
| GAOLINGFUND,L.P. | 52,801,250 | Domesticallylistedforeignstock | 52,801,250 | ||||||
| HUALIFEINSURANCECO.,LTD.－SELF-OWNEDFUNDS | 50,987,841 | RMB-denominatedordinarystock | 50,987,841 | ||||||
| NAMNGAI | 22,063,940 | Domesticallylistedforeignstock | 22,063,940 | ||||||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | 20,000,120 | Domesticallylistedforeignstock | 20,000,120 | ||||||
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | 12,452,154 | Domesticallylistedforeignstock | 12,452,154 | ||||||
| SPDRPortfolioEmergingMarketsETF | 11,131,563 | Domesticallylistedforeignstock | 11,131,563 | ||||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownEnterprisesCo.(“OCTGroup”forshort),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOverseasChineseTownEnterprisesCo.arepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | ||||||||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | None | ||||||||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEventsIChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable(I)DuringtheReportingPeriod,theCompanycarriedonwithitslong-termdevelopmentstrategyof“Technology+Industry+Park”.ItkeptincreasinginvestmentsinR&Dandbranding,aswellasrestructuringthebusiness.Meanwhile,itimprovedtheoperatingsystem,enhancedbasicmanagement,strengthenedriskcontrolandadoptedaseriesofmeasurestoreducecostsandincreaseefficiency,withthepurposeofachievinghigh-quality,sustaineddevelopment.DuringtheReportingPeriod,theprojectofResearchandIndustrializationofKeyTechnologiesoftheNextGenerationInternetSmartTerminalheldbytheCompanywontheSecondPrizeofGuangdongScientificandTechnologicalProgressAwardafterreceivingonenationalscientificandtechnologicalawardandthreeprovincialministerial-levelscientificandtechnologicalprogressawardsin2019.AffectedbytheCOVID-19outbreak,theCompanyencountered,aftertheSpringFestivalholidays,suchproblemsasinsufficientutilizationratesoffactories,increasinglaborcost,limitedlogisticsinsupplyofrawmaterialsanddecliningmarketdemand.Theseproblemshavecausedaconsiderableyear-on-yeardeclineinoperatingrevenue.Togetherwithfiercermarketcompetitionandthehighfixedcostsandexpenses,theCompanyrecordedlosstosomeextentinQ12020.
(II)ChangesinKeyFinancialStatementLineItems
Unit:RMB’0,000
Item
| Item | 31March2020 | 1January2020 | Amountofchange | Change(%) | Explanationofwhy |
| Fixedassets | 210,335.87 | 256,125.42 | -45,789.55 | -17.88% | ThetransferoffixedassetsintoconstructioninprogressduetotransformationandupgradingduringtheReportingPeriod |
| Constructioninprogress | 483,452.15 | 429,154.44 | 54,297.71 | 12.65% | |
| Item | Q12020 | Q12019 | Amountofchange | Change(%) | Explanationofwhy |
| Operatingrevenue | 780,652.02 | 1,077,211.88 | -296,559.86 | -27.53% | TheoperatingrevenueandcostofsalesdecreasedfortheReportingPeriodaffectedbytheepidemic |
| Costofsales | 723,973.11 | 1,015,581.43 | -291,608.32 | -28.71% | |
| R&Dexpense | 8,953.97 | 6,048.84 | 2,905.13 | 48.03% | TheCompanycontinuedtostrengthentheinputinresearchanddevelopment |
| Financecosts | 17,914.00 | 27,809.24 | -9,895.24 | -35.58% | YoYincreaseingainsonforeignexchange |
| Netcashgeneratedfrom/usedinoperatingactivities | -103,122.35 | -54,074.01 | -49,048.34 | -90.71% | TheincreaseininventoriesfortheReportingPeriod |
Netcashgeneratedfrom/usedininvestingactivities
| Netcashgeneratedfrom/usedininvestingactivities | -49,585.52 | -117,475.06 | 67,889.54 | 57.79% | NolargeinvestmentsfortheReportingPeriod |
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
√Applicable□Notapplicable(I)Privateplacementofcorporatebonds:Sofar,RMB600millionofprivatelyplacedcorporatebondsareintheprocess.(II)TheapplicationforaprivateplacementofA-shareshasbeenacceptedbytheCSRCforexaminationon20May2019.TheCompanyhasrepliedtothefeedbacksoftheCSRCanddisclosedsuchreplies.Currently,thismatterisstillbeingexaminedbytheCSRC.Anditisuncertainwhetheritwillbeapprovedornot.(III)KonkaChuzhouSmartAppliancesandEquipmentIndustrialParkandYibinSmartTerminalHigh-TechIndustrialParkhaveobtainedtheprojectland,andtheroofsofthemainfactorieshavebeensealed.DongguanKonkaSmartIndustrialPark,ChongqingKonkaSemiconductorOptoelectronicIndustrialParkandYanchengSemiconductorClosedBetaTestBaseandSuiningKonkaElectronicTechnologyIndustrialParkhaveobtainedtheprojectlandandareunderconstruction.GuxianGreenTechnologyTownisinpreparationandwaitingtobidforthetargetlandinagovernmentaudition.(IV)Launchingandestablishingfunds:Sofar,OrientKonkaIndustrialM&AFundrespectivelyholds7.75%ofsharesinJiangxiYahuaElectronicMaterialsCo.,Ltd.,2.75%ofsharesinShenzhenGenewTechnologiesCo.,Ltd.,3.65%ofsharesinRoshowTechnologyCo.,Ltd.,and11.73%ofsharesinShenzhenGrenRFCommunicationCo.,Ltd.throughinvestments.EmergingIndustryDevelopmentInvestmentFundisinthestageofpromotingaffairsrelatedtoindustrialandcommercialregistration.TheaffairofWuzhenJiayuDigitalEconomyIndustrialFundstillneedstobesubmittedtothegeneralmeetingofKonkaGroupforreview.
| Summaryofthesignificantevent | Disclosuredate | Indextotherelatedannouncement |
| PrivateplacementofA-Stocks | 10September2019 | http://www.cninfo.com.cn/new/index |
| Privateplacementofcorporatebonds | 18September2019 | |
| InvestmentandconstructionofDongguanKonkaSmartIndustrialPark | 11March2017 | |
| InvestmentandconstructionofKonkaChuzhouSmartAppliancesandEquipmentIndustrialPark | 5December2018 | |
| InvestmentandconstructionofYibinSmartTerminalHigh-TechIndustrialPark | 16December2017 | |
| InvestmentandconstructionofSuiningKonkaElectronicTechnologyIndustrialPark | 17October2018 |
Progressofanysharerepurchase:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√NotapplicableIIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVSecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VCashEntrustedforWealthManagement
√Applicable□Notapplicable
Unit:RMB'0,000
Specifictype
| Specifictype | Capitalresources | Amountincurred | UndueBalance | Overdueamount |
| Bankfinancialproducts | Self-ownedfunds | 0 | 1,756.17 | 0 |
| Total | 0 | 1,756.17 | 0 | |
Detailsofthesinglemajoramount,orhigh-risktrustinvestmentwithlowsecurity,poorfluidityandnon-guaranteed
□Applicable√NotapplicableCashEntrustedforWealthManagementexpectedtobeunabletorecovertheprincipalorimpairmentmightbeoccurred
□Applicable√Notapplicable
| InvestmentandconstructionofChongqingKonkaSemiconductorOptoelectronicIndustrialPark | 9October2019 |
| InvestmentandconstructionofYanchengSemiconductorClosedBetaBase | 26November2019 |
| OrientKonkaIndustrialM&AFund | 7September2018 |
| EmergingIndustryDevelopmentInvestmentFund | 4March2020 |
| WuzhenJiayuDigitalEconomyIndustrialFund | 28March2020 |
VIInvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
Date
| Date | Wayofcommunication | Typeofcommunicationparty | Indextomaininformationcommunicated |
| 2January2020 | On-site | Institution | http://www.cninfo.com.cn/new/index |
VIIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IXOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
31March2020
Unit:RMB
Item
| Item | 31March2020 | 31December2019 |
| Currentassets: | ||
| Monetaryassets | 7,714,170,053.73 | 6,599,360,051.61 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | 61,494,666.97 | |
| Derivativefinancialassets | ||
| Notesreceivable | 2,477,768,953.45 | 2,838,041,432.89 |
| Accountsreceivable | 4,562,828,525.65 | 4,416,179,657.87 |
| Accountsreceivablefinancing | 133,315,265.89 | 143,174,271.82 |
| Prepayments | 2,124,569,851.91 | 2,072,550,811.86 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 1,834,879,169.24 | 1,772,183,366.49 |
| Including:Interestreceivable | 17,074,238.98 | 7,807,400.40 |
| Dividendsreceivable | 547,848.62 | 547,848.62 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 6,015,858,038.82 | 5,318,503,044.69 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | 123,735,055.72 | 108,087,016.22 |
| Othercurrentassets | 1,769,219,709.71 | 2,093,212,552.25 |
| Totalcurrentassets | 26,756,344,624.12 | 25,422,786,872.67 |
Non-currentassets:
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 406,924,720.01 | 410,509,555.85 |
| Long-termequityinvestments | 3,456,701,196.89 | 3,465,541,196.89 |
| Investmentsinotherequityinstruments | 21,642,170.36 | 21,642,170.36 |
| Othernon-currentfinancialassets | 1,744,356,781.32 | 1,753,121,727.83 |
| Investmentproperty | 396,925,137.69 | 400,197,374.07 |
| Fixedassets | 2,103,358,697.37 | 2,561,254,191.55 |
| Constructioninprogress | 4,834,521,494.81 | 4,291,544,368.52 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Userightsassets | ||
| Intangibleassets | 1,222,375,289.88 | 1,213,271,713.22 |
| R&Dexpense | ||
| Goodwill | 779,260,296.41 | 779,260,296.41 |
| Long-termprepaidexpense | 133,553,884.93 | 107,590,078.88 |
| Deferredincometaxassets | 1,020,924,915.89 | 987,763,182.17 |
| Othernon-currentassets | 1,274,568,136.36 | 1,172,472,723.85 |
| Totalnon-currentassets | 17,395,112,721.92 | 17,164,168,579.60 |
| Totalassets | 44,151,457,346.04 | 42,586,955,452.27 |
| Currentliabilities: | ||
| Short-termborrowings | 11,812,886,919.46 | 10,332,687,239.63 |
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 1,302,270,306.84 | 1,319,396,374.37 |
| Accountspayable | 5,537,977,204.94 | 5,797,822,479.60 |
| Advancesfromcustomers | 1,076,856,387.08 | |
| Contractualliabilities | 935,642,967.45 |
Financialassetssoldunderrepurchaseagreements
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Payrollpayable | 310,238,736.14 | 426,870,498.58 |
| Taxespayable | 178,236,124.27 | 607,845,294.99 |
| Otherpayables | 2,356,212,848.01 | 2,374,287,243.20 |
| Including:Interestpayable | 165,752,944.91 | 227,831,108.53 |
| Dividendspayable | ||
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 183,463,203.78 | 210,066,077.13 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 22,616,928,310.89 | 22,145,831,594.58 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 5,949,577,205.45 | 4,890,315,729.90 |
| Bondspayable | 4,989,085,429.81 | 4,987,709,643.64 |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | 471,616,875.47 | 383,287,104.62 |
| Long-termpayrollpayable | 5,519,082.82 | 5,565,646.72 |
| Provisions | 206,591.51 | 206,591.51 |
| Deferredincome | 149,162,764.81 | 151,874,258.45 |
| Deferredincometaxliabilities | 106,504,224.21 | 95,467,096.05 |
| Othernon-currentliabilities | 117,318,235.28 | |
| Totalnon-currentliabilities | 11,788,990,409.36 | 10,514,426,070.89 |
| Totalliabilities | 34,405,918,720.25 | 32,660,257,665.47 |
Owners’equity:
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 230,368,577.09 | 230,368,577.09 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -22,506,271.59 | -21,293,103.52 |
| Specificreserve | ||
| Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 |
| Generalreserve | ||
| Retainedearnings | 4,019,160,666.52 | 4,239,763,606.89 |
| TotalequityattributabletoownersoftheCompanyastheparent | 7,846,689,489.69 | 8,068,505,598.13 |
| Non-controllinginterests | 1,898,849,136.10 | 1,858,192,188.67 |
| Totalowners’equity | 9,745,538,625.79 | 9,926,697,786.80 |
| Totalliabilitiesandowners’equity | 44,151,457,346.04 | 42,586,955,452.27 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31March2020 | 31December2019 |
| Currentassets: | ||
| Monetaryassets | 2,945,704,259.70 | 2,498,077,198.12 |
| Held-for-tradingfinancialassets | 61,494,666.97 | |
| Derivativefinancialassets | ||
| Notesreceivable | 2,078,654,197.01 | 2,148,312,821.38 |
| Accountsreceivable | 8,756,846,915.14 | 9,564,720,940.39 |
| Accountsreceivablefinancing | 78,098,304.28 | 66,002,903.68 |
| Prepayments | 986,924,659.28 | 911,315,168.95 |
| Otherreceivables | 11,187,973,675.53 | 10,552,820,915.47 |
| Including:Interestreceivable | 9,047,673.66 | 7,431,353.86 |
| Dividendsreceivable | 522,881,671.02 | 518,580,871.02 |
| Inventories | 244,043,528.66 | 218,644,308.47 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale |
Currentportionofnon-currentassets
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 931,697,245.84 | 1,096,689,897.40 |
| Totalcurrentassets | 27,209,942,785.44 | 27,118,078,820.83 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 7,870,242,927.15 | 7,712,084,967.88 |
| Investmentsinotherequityinstruments | 12,940,214.36 | 12,940,214.36 |
| Othernon-currentfinancialassets | 250,230,000.00 | 250,230,000.00 |
| Investmentproperty | 396,925,137.69 | 400,197,374.07 |
| Fixedassets | 438,286,081.85 | 444,107,402.57 |
| Constructioninprogress | 46,155,023.23 | 40,933,270.51 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Userightsassets | ||
| Intangibleassets | 78,538,036.27 | 80,470,750.60 |
| R&Dexpense | ||
| Goodwill | ||
| Long-termprepaidexpense | 20,488,848.56 | 39,047,325.68 |
| Deferredincometaxassets | 904,657,272.36 | 883,234,085.45 |
| Othernon-currentassets | ||
| Totalnon-currentassets | 10,018,463,541.47 | 9,863,245,391.12 |
| Totalassets | 37,228,406,326.91 | 36,981,324,211.95 |
| Currentliabilities: | ||
| Short-termborrowings | 4,881,778,912.37 | 5,014,312,913.74 |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 3,169,512,375.84 | 2,610,991,473.69 |
| Accountspayable | 10,732,921,551.68 | 11,078,648,690.19 |
| Advancesfromcustomers | 318,839,961.84 |
Contractualliabilities
| Contractualliabilities | 217,283,844.24 | |
| Payrollpayable | 94,423,693.88 | 125,402,307.95 |
| Taxespayable | 6,707,287.93 | 9,305,344.42 |
| Otherpayables | 3,413,245,965.44 | 3,193,392,734.69 |
| Including:Interestpayable | 161,548,720.10 | 223,847,860.57 |
| Dividendspayable | ||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | ||
| Currentportionofnon-currentliabilities | 122,000,000.00 | 130,512,375.00 |
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 22,637,873,631.38 | 22,481,405,801.52 |
| Non-currentliabilities: | ||
| Long-termborrowings | 3,443,317,205.45 | 3,438,055,729.90 |
| Bondspayable | 4,989,085,429.81 | 4,987,709,643.64 |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | 27,901,384.63 | 21,855,688.19 |
| Long-termpayrollpayable | ||
| Provisions | 206,591.51 | 206,591.51 |
| Deferredincome | 56,342,096.55 | 59,545,839.30 |
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | 148,791,740.47 | |
| Totalnon-currentliabilities | 8,665,644,448.42 | 8,507,373,492.54 |
| Totalliabilities | 31,303,518,079.80 | 30,988,779,294.06 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 114,018,066.79 | 114,018,066.79 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -2,682,217.31 | -2,682,217.31 |
| Specificreserve |
Surplusreserves
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 |
| Retainedearnings | 2,178,042,204.44 | 2,245,698,875.22 |
| Totalowners’equity | 5,924,888,247.11 | 5,992,544,917.89 |
| Totalliabilitiesandowners’equity | 37,228,406,326.91 | 36,981,324,211.95 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | Q12020 | Q12019 |
| 1.Revenue | 7,806,520,237.49 | 10,772,118,842.18 |
| Including:Operatingrevenue | 7,806,520,237.49 | 10,772,118,842.18 |
| Interestincome | ||
| Premiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 8,238,718,867.67 | 11,207,423,978.98 |
| Including:Costofsales | 7,239,731,075.92 | 10,155,814,290.20 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netclaimspaid | ||
| Netamountprovidedaspolicyreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 15,308,409.56 | 18,475,034.55 |
| Sellingexpense | 474,319,677.27 | 528,175,102.68 |
| Administrativeexpense | 240,679,941.63 | 166,378,779.54 |
| R&Dexpense | 89,539,723.57 | 60,488,366.07 |
| Financecosts | 179,140,039.72 | 278,092,405.94 |
| Including:Interestexpense | 299,701,187.78 | 270,257,047.31 |
| Interestincome | 75,521,808.48 | 42,801,685.68 |
| Add:Otherincome | 91,772,474.77 | 33,914,982.48 |
Returnoninvestment(“-”forloss)
| Returnoninvestment(“-”forloss) | 54,859,916.67 | 266,889,127.97 |
| Including:Shareofprofitorlossofjointventuresandassociates | 5,251,729.37 | |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Foreignexchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | -3,005,381.67 | |
| Creditimpairmentloss(“-”forloss) | -1,851,680.71 | |
| Assetimpairmentloss(“-”forloss) | 1,008,713.42 | 4,958,806.66 |
| Assetdisposalincome(“-”forloss) | -21,776.59 | 293,705,640.64 |
| 3.Operatingprofit(“-”forloss) | -286,430,982.62 | 161,158,039.28 |
| Add:Non-operatingincome | 6,708,221.29 | 28,855,410.44 |
| Less:Non-operatingexpense | 329,999.39 | 4,995,457.15 |
| 4.Profitbeforetax(“-”forloss) | -280,052,760.72 | 185,017,992.57 |
| Less:Incometaxexpense | -5,687,275.24 | 26,564,577.49 |
| 5.Netprofit(“-”fornetloss) | -274,365,485.48 | 158,453,415.08 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | -274,365,485.48 | 158,453,415.08 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | -220,602,940.37 | 85,566,720.43 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -53,762,545.11 | 72,886,694.65 |
| 6.Othercomprehensiveincome,netoftax | 305,885.47 | 23,162,659.81 |
| AttributabletoownersoftheCompanyastheparent | -1,213,168.07 | 24,014,779.82 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 6.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 6.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -1,213,168.07 | 24,014,779.82 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -1,213,168.07 | 24,014,779.82 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | 1,519,053.54 | -852,120.01 |
| 7.Totalcomprehensiveincome | -274,059,600.01 | 181,616,074.89 |
| AttributabletoownersoftheCompanyastheparent | -221,816,108.44 | 109,581,500.25 |
| Attributabletonon-controllinginterests | -52,243,491.57 | 72,034,574.64 |
| 8.Earningspershare |
8.1Basicearningspershare
| 8.1Basicearningspershare | -0.0916 | 0.0355 |
| 8.2Dilutedearningspershare | -0.0916 | 0.0355 |
Legalrepresentative:LiuFengxiCFO:LiChunleiHeadofthefinancialdepartment:FengJunxiu
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12020 | Q12019 |
| 1.Operatingrevenue | 2,173,088,156.73 | 3,159,459,959.20 |
| Less:Costofsales | 1,908,039,936.17 | 3,084,291,674.08 |
| Taxesandsurcharges | 1,190,131.21 | 1,508,984.24 |
| Sellingexpense | 206,626,489.19 | 318,153,101.41 |
| Administrativeexpense | 122,812,588.05 | 60,368,923.38 |
| R&Dexpense | 10,427,818.73 | 11,416,023.40 |
| Financecosts | 98,317,835.64 | 185,005,604.01 |
| Including:Interestexpense | 247,210,956.09 | 246,745,502.24 |
| Interestincome | 116,118,501.10 | 109,403,676.64 |
| Add:Otherincome | 47,511,070.74 | 13,187,319.83 |
| Returnoninvestment(“-”forloss) | 37,878,815.64 | 64,398,528.84 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | -3,005,381.67 | |
| Creditimpairmentloss(“-”forloss) | ||
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | ||
| 2.Operatingprofit(“-”forloss) | -88,936,755.88 | -426,703,884.32 |
| Add:Non-operatingincome | 141,649.22 | 235,648.04 |
| Less:Non-operatingexpense | 101,484.58 | 494,763.01 |
| 3.Profitbeforetax(“-”forloss) | -88,896,591.24 | -426,962,999.29 |
Less:Incometaxexpense
| Less:Incometaxexpense | -21,239,920.46 | -107,517,405.52 |
| 4.Netprofit(“-”fornetloss) | -67,656,670.78 | -319,445,593.77 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -67,656,670.78 | -319,445,593.77 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | ||
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 5.1.1Changescausedbyremeasurementsondefinedbenefitpensionschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 5.1.4Changesinthefairvalueofthecompany’screditrisks | ||
| 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
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | -67,656,670.78 | -319,445,593.77 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | Q12020 | Q12019 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 8,499,871,584.58 | 11,629,972,953.14 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 61,099,379.53 | 307,323,363.61 |
| Cashgeneratedfromotheroperatingactivities | 517,064,976.00 | 1,487,656,643.30 |
| Subtotalofcashgeneratedfromoperatingactivities | 9,078,035,940.11 | 13,424,952,960.05 |
| Paymentsforcommoditiesandservices | 8,277,120,758.49 | 12,464,112,932.57 |
| Netincreaseinloansandadvancestocustomers |
Netincreaseindepositsinthecentralbankandininterbankloansgranted
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 522,535,841.05 | 548,246,765.80 |
| Taxespaid | 497,454,218.72 | 159,596,824.94 |
| Cashusedinotheroperatingactivities | 812,148,590.43 | 793,736,581.46 |
| Subtotalofcashusedinoperatingactivities | 10,109,259,408.69 | 13,965,693,104.77 |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,031,223,468.58 | -540,740,144.72 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 51,626,012.60 | 71,798,210.00 |
| Returnoninvestment | 42,185,934.10 | 18,560,027.29 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 291,834.00 | 27,086.77 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | 484,929,444.44 | 50,000,000.00 |
| Subtotalofcashgeneratedfrominvestingactivities | 579,033,225.14 | 140,385,324.06 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 986,208,459.31 | 198,262,328.78 |
| Paymentsforinvestments | 400,000.00 | 1,116,840,150.00 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 88,280,000.00 | 33,420.00 |
Subtotalofcashusedininvestingactivities
| Subtotalofcashusedininvestingactivities | 1,074,888,459.31 | 1,315,135,898.78 |
| Netcashgeneratedfrom/usedininvestingactivities | -495,855,234.17 | -1,174,750,574.72 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 92,900,439.00 | 69,775,272.10 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 92,900,439.00 | 69,775,272.10 |
| Borrowingsobtained | 5,990,188,961.51 | 8,527,657,744.97 |
| Cashgeneratedfromotherfinancingactivities | 120,900,000.00 | |
| Subtotalofcashgeneratedfromfinancingactivities | 6,203,989,400.51 | 8,597,433,017.07 |
| Repaymentsofborrowings | 3,561,043,093.07 | 5,791,211,803.51 |
| Paymentsforinterestanddividends | 251,247,798.13 | 130,287,756.06 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | 80,860,476.44 | 113,256,202.85 |
| Subtotalofcashusedinfinancingactivities | 3,893,151,367.64 | 6,034,755,762.42 |
| Netcashgeneratedfrom/usedinfinancingactivities | 2,310,838,032.87 | 2,562,677,254.65 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | 9,479,762.14 | -28,585,274.94 |
| 5.Netincreaseincashandcashequivalents | 793,239,092.26 | 818,601,260.27 |
| Add:Cashandcashequivalents,beginningoftheperiod | 4,493,701,917.22 | 3,434,149,481.72 |
| 6.Cashandcashequivalents,endoftheperiod | 5,286,941,009.48 | 4,252,750,741.99 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | Q12020 | Q12019 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 2,771,899,784.42 | 5,741,645,965.28 |
Taxrebates
| Taxrebates | 20,649,207.83 | 2,001,311.86 |
| Cashgeneratedfromotheroperatingactivities | 2,075,822,222.03 | 2,888,350,859.75 |
| Subtotalofcashgeneratedfromoperatingactivities | 4,868,371,214.28 | 8,631,998,136.89 |
| Paymentsforcommoditiesandservices | 1,450,487,246.54 | 4,822,152,505.81 |
| Cashpaidtoandforemployees | 133,423,344.93 | 228,776,897.37 |
| Taxespaid | 4,136,871.33 | 27,043,199.31 |
| Cashusedinotheroperatingactivities | 2,873,144,580.53 | 3,497,902,432.17 |
| Subtotalofcashusedinoperatingactivities | 4,461,192,043.33 | 8,575,875,034.66 |
| Netcashgeneratedfrom/usedinoperatingactivities | 407,179,170.95 | 56,123,102.23 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 32,450,000.00 | 4,538,210.00 |
| Returnoninvestment | 15,939,565.72 | 20,974,260.08 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 40,484.00 | 75,760.33 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | 432,059,444.44 | 68,811,385.15 |
| Subtotalofcashgeneratedfrominvestingactivities | 480,489,494.16 | 94,399,615.56 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 25,216,708.68 | 37,545,366.80 |
| Paymentsforinvestments | 167,400,000.00 | 419,430,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 88,280,000.00 | 2,341,938,500.00 |
| Subtotalofcashusedininvestingactivities | 280,896,708.68 | 2,798,913,866.80 |
| Netcashgeneratedfrom/usedininvestingactivities | 199,592,785.48 | -2,704,514,251.24 |
| 3.Cashflowsfromfinancingactivities: |
Capitalcontributionsreceived
| Capitalcontributionsreceived | ||
| Borrowingsobtained | 2,292,002,445.87 | 4,288,771,590.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 2,292,002,445.87 | 4,288,771,590.00 |
| Repaymentsofborrowings | 2,559,852,000.00 | 1,517,544,630.00 |
| Paymentsforinterestanddividends | 218,167,563.74 | 103,058,776.61 |
| Cashusedinotherfinancingactivities | 4,759,802.05 | 85,309.60 |
| Subtotalofcashusedinfinancingactivities | 2,782,779,365.79 | 1,620,688,716.21 |
| Netcashgeneratedfrom/usedinfinancingactivities | -490,776,919.92 | 2,668,082,873.79 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | 2,905,864.39 | -11,843,842.05 |
| 5.Netincreaseincashandcashequivalents | 118,900,900.90 | 7,847,882.73 |
| Add:Cashandcashequivalents,beginningoftheperiod | 1,337,342,186.92 | 1,497,794,555.85 |
| 6.Cashandcashequivalents,endoftheperiod | 1,456,243,087.82 | 1,505,642,438.58 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearofanyNewStandardsGoverningRevenueorLeasesfrom2020
√Applicable□Notapplicable
(1)ConsolidatedBalanceSheet
Unit:RMB
| Item | 31December2019 | 1January2020 | Adjusted |
| Currentassets: | |||
| Monetaryassets | 6,599,360,051.61 | 6,599,360,051.61 | |
| Settlementreserve | |||
| Interbankloansgranted | |||
| Held-for-tradingfinancialassets | 61,494,666.97 | 61,494,666.97 | |
| Derivativefinancialassets | |||
| Notesreceivable | 2,838,041,432.89 | 2,838,041,432.89 | |
| Accountsreceivable | 4,416,179,657.87 | 4,416,179,657.87 |
Accountsreceivablefinancing
| Accountsreceivablefinancing | 143,174,271.82 | 143,174,271.82 |
| Prepayments | 2,072,550,811.86 | 2,072,550,811.86 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 1,772,183,366.49 | 1,772,183,366.49 |
| Including:Interestreceivable | 7,807,400.40 | 7,807,400.40 |
| Dividendsreceivable | 547,848.62 | 547,848.62 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 5,318,503,044.69 | 5,318,503,044.69 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | 108,087,016.22 | 108,087,016.22 |
| Othercurrentassets | 2,093,212,552.25 | 2,093,212,552.25 |
| Totalcurrentassets | 25,422,786,872.67 | 25,422,786,872.67 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 410,509,555.85 | 410,509,555.85 |
| Long-termequityinvestments | 3,465,541,196.89 | 3,465,541,196.89 |
| Investmentsinotherequityinstruments | 21,642,170.36 | 21,642,170.36 |
| Othernon-currentfinancialassets | 1,753,121,727.83 | 1,753,121,727.83 |
| Investmentproperty | 400,197,374.07 | 400,197,374.07 |
| Fixedassets | 2,561,254,191.55 | 2,561,254,191.55 |
Constructioninprogress
| Constructioninprogress | 4,291,544,368.52 | 4,291,544,368.52 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Userightsassets | |||
| Intangibleassets | 1,213,271,713.22 | 1,213,271,713.22 | |
| R&Dexpense | |||
| Goodwill | 779,260,296.41 | 779,260,296.41 | |
| Long-termprepaidexpense | 107,590,078.88 | 107,590,078.88 | |
| Deferredincometaxassets | 987,763,182.17 | 987,763,182.17 | |
| Othernon-currentassets | 1,172,472,723.85 | 1,172,472,723.85 | |
| Totalnon-currentassets | 17,164,168,579.60 | 17,164,168,579.60 | |
| Totalassets | 42,586,955,452.27 | 42,586,955,452.27 | |
| Currentliabilities: | |||
| Short-termborrowings | 10,332,687,239.63 | 10,332,687,239.63 | |
| Borrowingsfromthecentralbank | |||
| Interbankloansobtained | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 1,319,396,374.37 | 1,319,396,374.37 | |
| Accountspayable | 5,797,822,479.60 | 5,797,822,479.60 | |
| Advancesfromcustomers | 1,076,856,387.08 | -1,076,856,387.08 | |
| Contractualliabilities | 959,538,151.80 | 959,538,151.80 | |
| Financialassetssoldunderrepurchaseagreements | |||
| Customerdepositsandinterbankdeposits | |||
| Payablesforactingtradingofsecurities | |||
| Payablesforunderwritingofsecurities | |||
| Payrollpayable | 426,870,498.58 | 426,870,498.58 |
Taxespayable
| Taxespayable | 607,845,294.99 | 607,845,294.99 | |
| Otherpayables | 2,374,287,243.20 | 2,374,287,243.20 | |
| Including:Interestpayable | 227,831,108.53 | 227,831,108.53 | |
| Dividendspayable | |||
| Handlingchargesandcommissionspayable | |||
| Reinsurancepayables | |||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | |||
| Currentportionofnon-currentliabilities | 210,066,077.13 | 210,066,077.13 | |
| Othercurrentliabilities | |||
| Totalcurrentliabilities | 22,145,831,594.58 | 22,028,513,359.30 | -117,318,235.28 |
| Non-currentliabilities: | |||
| Insurancecontractreserve | |||
| Long-termborrowings | 4,890,315,729.90 | 4,890,315,729.90 | |
| Bondspayable | 4,987,709,643.64 | 4,987,709,643.64 | |
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | |||
| Long-termpayables | 383,287,104.62 | 383,287,104.62 | |
| Long-termpayrollpayable | 5,565,646.72 | 5,565,646.72 | |
| Provisions | 206,591.51 | 206,591.51 | |
| Deferredincome | 151,874,258.45 | 151,874,258.45 | |
| Deferredincometaxliabilities | 95,467,096.05 | 95,467,096.05 | |
| Othernon-currentliabilities | 117,318,235.28 | 117,318,235.28 | |
| Totalnon-currentliabilities | 10,514,426,070.89 | 10,631,744,306.17 | 117,318,235.28 |
| Totalliabilities | 32,660,257,665.47 | 32,660,257,665.47 | |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
Otherequityinstruments
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 230,368,577.09 | 230,368,577.09 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -21,293,103.52 | -21,293,103.52 |
| Specificreserve | ||
| Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 |
| Generalreserve | ||
| Retainedearnings | 4,239,763,606.89 | 4,239,763,606.89 |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,068,505,598.13 | 8,068,505,598.13 |
| Non-controllinginterests | 1,858,192,188.67 | 1,858,192,188.67 |
| Totalowners’equity | 9,926,697,786.80 | 9,926,697,786.80 |
| Totalliabilitiesandowners’equity | 42,586,955,452.27 | 42,586,955,452.27 |
NotesforadjustmentTheMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.14-Revenue"(CaiKuai[2017]No.22),andtheCompanyimplementedsince1Jan.2020.Accordingtothenewincomestandard,enterprisesimplementingthisstandardforthefirsttimeshouldadjusttheamountofretainedearningsandotherrelateditemsinthefinancialstatementsatthebeginningoftheyearwhenthestandardisfirstimplementedbasedonthecumulativeimpactofthefirstimplementationofthestandard,andnoadjustmentismadetotheinformationforthecomparableperiod.
(2)BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31December2019 | 1January2020 | Adjusted |
| Currentassets: | |||
| Monetaryassets | 2,498,077,198.12 | 2,498,077,198.12 | |
| Held-for-tradingfinancialassets | 61,494,666.97 | 61,494,666.97 | |
| Derivativefinancialassets | |||
| Notesreceivable | 2,148,312,821.38 | 2,148,312,821.38 |
Accountsreceivable
| Accountsreceivable | 9,564,720,940.39 | 9,564,720,940.39 |
| Accountsreceivablefinancing | 66,002,903.68 | 66,002,903.68 |
| Prepayments | 911,315,168.95 | 911,315,168.95 |
| Otherreceivables | 10,552,820,915.47 | 10,552,820,915.47 |
| Including:Interestreceivable | 7,431,353.86 | 7,431,353.86 |
| Dividendsreceivable | 518,580,871.02 | 518,580,871.02 |
| Inventories | 218,644,308.47 | 218,644,308.47 |
| Contractualassets | ||
| Assetsclassifiedasheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 1,096,689,897.40 | 1,096,689,897.40 |
| Totalcurrentassets | 27,118,078,820.83 | 27,118,078,820.83 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 7,712,084,967.88 | 7,712,084,967.88 |
| Investmentsinotherequityinstruments | 12,940,214.36 | 12,940,214.36 |
| Othernon-currentfinancialassets | 250,230,000.00 | 250,230,000.00 |
| Investmentproperty | 400,197,374.07 | 400,197,374.07 |
| Fixedassets | 444,107,402.57 | 444,107,402.57 |
| Constructioninprogress | 40,933,270.51 | 40,933,270.51 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Userightsassets | ||
| Intangibleassets | 80,470,750.60 | 80,470,750.60 |
| R&Dexpense |
Goodwill
| Goodwill | |||
| Long-termprepaidexpense | 39,047,325.68 | 39,047,325.68 | |
| Deferredincometaxassets | 883,234,085.45 | 883,234,085.45 | |
| Othernon-currentassets | |||
| Totalnon-currentassets | 9,863,245,391.12 | 9,863,245,391.12 | |
| Totalassets | 36,981,324,211.95 | 36,981,324,211.95 | |
| Currentliabilities: | |||
| Short-termborrowings | 5,014,312,913.74 | 5,014,312,913.74 | |
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 2,610,991,473.69 | 2,610,991,473.69 | |
| Accountspayable | 11,078,648,690.19 | 11,078,648,690.19 | |
| Advancesfromcustomers | 318,839,961.84 | -318,839,961.84 | |
| Contractualliabilities | 170,048,221.37 | 170,048,221.37 | |
| Payrollpayable | 125,402,307.95 | 125,402,307.95 | |
| Taxespayable | 9,305,344.42 | 9,305,344.42 | |
| Otherpayables | 3,193,392,734.69 | 3,193,392,734.69 | |
| Including:Interestpayable | 223,847,860.57 | 223,847,860.57 | |
| Dividendspayable | |||
| Liabilitiesdirectlyassociatedwithassetsclassifiedasheldforsale | |||
| Currentportionofnon-currentliabilities | 130,512,375.00 | 130,512,375.00 | |
| Othercurrentliabilities | |||
| Totalcurrentliabilities | 22,481,405,801.52 | 22,332,614,061.05 | -148,791,740.47 |
| Non-currentliabilities: | |||
| Long-termborrowings | 3,438,055,729.90 | 3,438,055,729.90 | |
| Bondspayable | 4,987,709,643.64 | 4,987,709,643.64 | |
| Including:Preferredshares |
Perpetualbonds
| Perpetualbonds | |||
| Leaseliabilities | |||
| Long-termpayables | 21,855,688.19 | 21,855,688.19 | |
| Long-termpayrollpayable | |||
| Provisions | 206,591.51 | 206,591.51 | |
| Deferredincome | 59,545,839.30 | 59,545,839.30 | |
| Deferredincometaxliabilities | |||
| Othernon-currentliabilities | 148,791,740.47 | 148,791,740.47 | |
| Totalnon-currentliabilities | 8,507,373,492.54 | 8,656,165,233.01 | 148,791,740.47 |
| Totalliabilities | 30,988,779,294.06 | 30,988,779,294.06 | |
| Owners’equity: | |||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserves | 114,018,066.79 | 114,018,066.79 | |
| Less:Treasurystock | |||
| Othercomprehensiveincome | -2,682,217.31 | -2,682,217.31 | |
| Specificreserve | |||
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 | |
| Retainedearnings | 2,245,698,875.22 | 2,245,698,875.22 | |
| Totalowners’equity | 5,992,544,917.89 | 5,992,544,917.89 | |
| Totalliabilitiesandowners’equity | 36,981,324,211.95 | 36,981,324,211.95 |
NotesforadjustmentTheMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.14-Revenue"(CaiKuai[2017]No.22),andtheCompanyimplementedsince1Jan.2020.Accordingtothenewincomestandard,enterprisesimplementingthisstandardforthefirsttimeshouldadjusttheamountofretainedearningsandotherrelateditemsinthefinancialstatementsatthebeginningoftheyearwhenthestandardisfirstimplementedbasedonthecumulativeimpactofthefirstimplementationofthestandard,andnoadjustmentismadetotheinformationforthecomparableperiod.
2.RetrospectiveRestatementofPreviousComparativeDataduetotheFirstExecutionofanyNewStandardsGoverningRevenueorLeasesfrom2020
√Applicable□NotapplicableTheMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.14-Revenue"(CaiKuai[2017]No.22),andtheCompanyimplementedsince1Jan.2020.Accordingtothenewincomestandard,enterprisesimplementingthisstandardforthefirsttimeshouldadjusttheamountofretainedearningsandotherrelateditemsinthefinancialstatementsatthebeginningoftheyearwhenthestandardisfirstimplementedbasedonthecumulativeimpactofthefirstimplementationofthestandard,andnoadjustmentismadetotheinformationforthecomparableperiod.IIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.
TheBoardofDirectorsKonkaGroupCo.,Ltd.
29April2020