CHANGCHAICOMPANY,LIMITED
THIRDQUARTERLYREPORT2020
October2020
PartIImportantNotes
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofChangchaiCompany,Limited(togetherwithitsconsolidatedsubsidiaries,the“Company”,exceptwherethecontextotherwiserequires)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.ShiXinkun,theCompany’slegalrepresentative,ZhangXin,theCompany’sGeneralManager,andJiangHe,headoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
PartIIKeyCorporateInformation
IKeyConsolidatedFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
√Yes□NoReasonforretrospectiverestatement:
Correctionofaccountingerror
| 30September2020 | 31December2019 | Change(%) | ||||||
| Before | After | After | ||||||
| Totalassets(RMB) | 3,764,223,265.12 | 3,484,975,990.48 | 3,488,820,324.60 | 7.89% | ||||
| Equityattributabletothelistedcompany’sshareholders(RMB) | 2,173,457,688.37 | 2,109,239,597.94 | 2,110,892,767.58 | 2.96% | ||||
| Q32020 | Q32019 | YoYchange(%) | Q1-Q32020 | Q1-Q32019 | YoYchange(%) | |||
| Before | After | After | Before | After | After | |||
| Operatingrevenue(RMB) | 584,404,482.93 | 460,579,449.28 | 462,134,190.47 | 26.46% | 1,751,860,265.23 | 1,576,409,294.87 | 1,581,005,315.47 | 10.81% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 11,263,467.62 | 950,668.62 | 944,815.43 | 1092.13% | 38,953,778.68 | 20,008,693.69 | 20,062,451.12 | 94.16% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | 8,151,814.68 | 197,704.53 | 159,010.84 | 5026.58% | 28,823,954.64 | 14,424,860.12 | 14,419,757.46 | 99.89% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | 38,040,529.46 | -23,645,425.75 | -23,579,838.08 | -- | 17,685,800.21 | -177,873,130.52 | -176,901,330.95 | -- |
| Basicearningspershare(RMB/share) | 0.0201 | 0.0017 | 0.0017 | 1082.35% | 0.0694 | 0.0356 | 0.0357 | 94.40% |
| Dilutedearningspershare(RMB/share) | 0.0201 | 0.0017 | 0.0017 | 1082.35% | 0.0694 | 0.0356 | 0.0357 | 94.40% |
| Weightedaveragereturnonequity(%) | 0.54% | 0.05% | 0.05% | 0.49% | 1.86% | 1.02% | 1.02% | 0.84% |
Reasonforchangeinaccountingpolicyandparticularsaboutcorrectionofaccountingerror:
TheProposalonCorrectionofPreviousAccountingErrorwasreviewedandapprovedonthe4
thMeetingofthe9
thBoardofDirectorsheldon29July2020,andChangzhouXingshengPropertyManagementCo.,Ltd.whichwasnotincludedinthescopeofconsolidatedbalancesheetbeforehasbeencarriedoutaccountingtreatmentinaccordancetothestipulationsofaccountingstandards.Fordetails,seetheAnnouncementontheResolutionsofthe4
th
Meetingofthe9
th
BoardofDirectors(AnnouncementNo.:2020-043),theAnnouncementonCorrectionofPreviousAccountingError(AnnouncementNo.:2020-045),andtheAuthenticationReportofSpecialInstructionregardingCorrectionofAccountingErrorfrom2017to2019disclosedonSecuritiesTimes,TaKungPaoandhttp://www.cninfo.com.cn.
1.Effectstotheconsolidatedbalancesheetofthesameperiodin2019
| Effecteditems | 1January-30September2019 | |
| Before | After | |
| Incomestatement: | ||
| 1.Revenues | 1,576,409,294.87 | 1,581,005,315.47 |
| Operatingrevenue | 1,576,409,294.87 | 1,581,005,315.47 |
| 2.Costsandexpenses | 1,561,504,072.64 | 1,566,116,694.04 |
| Costofsales | 1,359,819,510.40 | 1,363,790,338.62 |
| Taxesandlevies | 5,752,156.03 | 5,768,967.47 |
| Administrativeexpense | 56,227,095.34 | 56,859,918.77 |
| Financecosts | -5,341,321.85 | -5,349,163.54 |
| Interestexpense | 3,845,353.84 | 3,864,569.25 |
| Interestincome | 3,262,988.18 | 3,264,215.89 |
| Otherincome | 326,259.20 | 338,322.49 |
| Investmentincome | 6,454,405.76 | 6,512,955.00 |
| Creditimpairmentloss | -5,586,101.21 | -5,581,969.86 |
| 3.Operatingprofit | 17,097,695.63 | 17,155,838.71 |
| Non-operatingincome | 961,235.14 | 977,241.24 |
| Non-operatingexpense | 233,654.06 | 246,251.41 |
| 4.Grossprofit | 17,825,276.71 | 17,886,828.54 |
| Incometaxexpense | -2,232,431.33 | -2,224,636.93 |
| 5.Netprofit | 20,057,708.04 | 20,111,465.47 |
| Byoperatingcontinuity | 20,057,708.04 | 20,111,465.47 |
| NetprofitattributabletoownersoftheCompanyastheparent | 20,008,693.69 | 20,062,451.12 |
| 6.Totalcomprehensiveincome | 51,056,783.04 | 51,110,540.47 |
| AttributabletoownersoftheCompanyastheparent | 51,007,768.69 | 51,061,526.12 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.0356 | 0.0357 |
| 7.2Dilutedearningspershare | 0.0356 | 0.0357 |
| CashFlowStatement: | ||
| 1.Cashflowsfromoperatingactivities | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,359,318,699.75 | 1,364,093,458.22 |
| Cashgeneratedfromotheroperatingactivities | 11,459,085.79 | 12,148,649.31 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,394,569,539.45 | 1,400,033,861.44 |
| Paymentsforcommoditiesandservices | 1,266,094,750.13 | 1,269,133,440.46 |
| Cashpaidtoandforemployees | 219,511,319.88 | 220,572,688.59 |
| Taxesandleviespaid | 20,471,465.12 | 20,667,117.44 |
| Cashusedinotheroperatingactivities | 66,365,134.84 | 66,561,945.90 |
| Subtotalofcashusedinoperatingactivities | 1,572,442,669.97 | 1,576,935,192.39 |
| Netcashgeneratedfrom/usedinoperatingactivities | -177,873,130.52 | -176,901,330.95 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 14,000,000.00 | 17,900,000.00 |
| Returnoninvestment | 6,454,405.76 | 6,480,702.52 |
| Subtotalofcashgeneratedfrominvestingactivities | 21,494,911.84 | 25,421,208.60 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 16,257,775.02 | 16,317,913.12 |
| Paymentsforinvestments | 70,138,441.76 | 77,088,441.76 |
| Subtotalofcashusedininvestingactivities | 86,396,216.78 | 93,406,354.88 |
| Netcashgeneratedfrom/usedininvestingactivities | -64,901,304.94 | -67,985,146.28 |
| 5.Netincreaseincashandcashequivalents | -287,128,835.58 | -289,240,877.35 |
| Cashandcashequivalents,beginningoftheperiod | 687,079,639.59 | 691,266,373.34 |
| 6.Cashandcashequivalents,endoftheperiod | 399,950,804.01 | 402,025,495.99 |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q1-Q32020 | Note |
| Gain/Lossarisingfromdisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 181,780.55 | |
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 5,695,097.89 |
| Capitaloccupationchargesonnon-financialenterprisesthatarerecordedintocurrentprofitorloss | 257,714.14 | |
| Gain/Lossonchangesinfairvaluearisingfromholdingofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandinvestmentincomefromdisposalofheld-for-tradingfinancialassetsandliabilities,derivativefinancialassetsandliabilitiesandotherdebtinvestmentsotherthaneffectivehedgebusinessrelatedtotheCompany’snormaloperatingbusinesses | 5,503,903.85 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 224,536.62 | |
| Less:Incometaxeffects | 1,486,385.30 | |
| Non-controllinginterestseffects(aftertax) | 246,823.71 | |
| Total | 10,129,824.04 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IITotalNumberofShareholdersandHoldingsofTop10ofThemasattheEndoftheReportingPeriod
1.NumbersofOrdinaryShareholdersandPreferenceShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
Unit:share
| Numberofordinaryshareholders | 46,684 | Numberofpreferenceshareholderswithresumedvotingrights(ifany) | 0 | |||
| Top10shareholders | ||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Sharesinpledgeorfrozen | |
| Status | Shares | |||||
| ChangzhouInvestmentGroupCo.,Ltd. | State-ownedcorporation | 30.43% | 170,845,236 | |||
| ChinaConstructionBank－FirstStateCindaNewEnergyIndustryEquitySecuritiesInvestmentFund | Other | 1.70% | 9,554,765 | |||
| KGIASIALIMITED | Foreigncorporation | 0.57% | 3,189,845 | ||
| ChenJian | Domesticindividual | 0.34% | 1,914,000 | ||
| ChinaCiticBank－CCBCSI500IndexEnhancedSecuritiesInvestmentFund | Other | 0.29% | 1,614,501 | ||
| ChinaConstructionBank－FirstStateCindaAdvancedIntelligenceEquitySecuritiesInvestmentFund | Other | 0.28% | 1,594,500 | ||
| LiSuinan | Domesticindividual | 0.28% | 1,548,100 | ||
| HuangGuoliang | Domesticindividual | 0.27% | 1,528,891 | ||
| HuWenyong | Domesticindividual | 0.27% | 1,500,266 | ||
| UBSAG | Foreigncorporation | 0.25% | 1,392,120 | ||
| Top10unrestrictedshareholders | |||||
| Nameofshareholder | Unrestrictedordinarysharesheld | Sharesbyclass | |||
| Class | Shares | ||||
| ChangzhouInvestmentGroupCo.,Ltd. | 170,845,236 | RMB-denominatedordinaryshare | 170,845,236 | ||
| ChinaConstructionBank－FirstStateCindaNewEnergyIndustryEquitySecuritiesInvestmentFund | 9,554,765 | RMB-denominatedordinaryshare | 9,554,765 | ||
| KGIASIALIMITED | 3,189,845 | Domesticallylistedforeignshare | 3,189,845 | ||
| ChenJian | 1,914,000 | RMB-denominatedordinaryshare | 1,914,000 | ||
| ChinaCiticBank－CCBCSI500IndexEnhancedSecuritiesInvestmentFund | 1,614,501 | RMB-denominatedordinaryshare | 1,614,501 | ||
| ChinaConstructionBank－FirstStateCindaAdvancedIntelligenceEquitySecuritiesInvestmentFund | 1,594,500 | RMB-denominatedordinaryshare | 1,594,500 | ||
| LiSuinan | 1,548,100 | Domesticallylistedforeignshare | 1,548,100 | ||
| HuangGuoliang | 1,528,891 | Domesticallylistedforeignshare | 1,528,891 |
| HuWenyong | 1,500,266 | Domesticallylistedforeignshare | 1,500,266 |
| UBSAG | 1,392,120 | RMB-denominatedordinaryshare | 1,392,120 |
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Itisunknownwhetherthereisamongthetop10publicshareholdersandthetop10unrestrictedpublicshareholdersanyrelatedpartiesoracting-in-concertpartiesasdefinedintheAdministrativeMeasuresforInformationRegardingShareholdingAlteration. | ||
| Top10shareholdersengagedinsecuritiesmargintrading(ifany) | ShareholderChenJianheld800,000sharesintheCompanythroughhisaccountofcollateralsecuritiesformargintradinginZhongtaiSecuritiesCo.,Ltd.,accountingfor0.14%ofshareholding. | ||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.NumberofPreferenceShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEventsIChangesinKeyFinancialStatementLineItemsandExplanationofwhy
√Applicable□Notapplicable
1.ConsolidatedBalanceSheetItemsasat30September2020
| Item | 30September2020(RMB) | 31December2019(RMB) | Change(%) | Explanationofwhy |
| Accountsreceivable | 798,741,555.78 | 419,302,056.87 | 90.49% | TheCompanyproperlyallowedcustomers’buyingoncreditformoremarketsandmulti-cylinderdieselenginecustomersaremainlysupportingcompaniesofmainengine,whichareusuallygivenlongerpaymentdays. |
| Otherreceivables | 6,375,613.71 | 9,703,390.94 | -34.29% | RecoveryofanamountofRMB5millionduetowholly-ownedsubsidiaryHoushengInvestment |
| Constructioninprogress | 136,252,904.99 | 91,358,156.24 | 49.14% | Wholly-ownedsubsidiaryChangchaiMachinerybeingunderconstruction |
| Notespayable | 573,397,000.00 | 403,035,000.00 | 42.27% | MorebankacceptancebillswerepaidtosuppliersasrequiredbythemduringQ1-Q32020 |
| Employeebenefitspayable | 13,343,460.16 | 44,559,015.79 | -70.05% | Salariesandbonusesaccruedintheninemonthsended30September2019werepaidinthecorrespondingperiodofthecurrentyear |
| Taxesandleviespayable | 12,144,962.87 | 9,094,382.58 | 33.54% | IncreasesinbothsalesandprofitduringQ1-Q32020 |
2.ConsolidatedIncomeStatementItemsforQ1~Q32020
| Item | Q1~Q32020(RMB) | Q1~Q32019(RMB) | Change(%) | Explanationofwhy |
| Financecosts | 7,051,835.86 | -5,349,163.54 | - | Exchangegainsandlossesresultedfromexchangeratefluctuationsandincreaseindiscountingexpense |
| Otherincome | 5,695,097.89 | 338,322.49 | 1583.33% | IncreaseingovernmentgrantsreceivedbytheCompanyanditssubsidiariesduringQ1~Q32020 |
| Incometaxexpense | 5,108,476.05 | -2,224,636.93 | - | ProfitincreasedduringQ1~Q32020,andthesameperiodoflastyearsawcorporateincometaxrebates,withnosuchtaxrebatesinthecurrentperiod. |
| NetprofitattributabletoshareholdersoftheCompanyastheparent | 38,953,778.68 | 20,062,451.12 | 94.16% | IncreasesinbothsalesrevenueandprofitabilityduringQ1~Q32020 |
3.ConsolidatedCashFlowStatementItemsforQ1~Q32020
| Item | Q1~Q32020(RMB) | Q1~Q32019(RMB) | Change(%) | Explanationofwhy |
| Netcashgeneratedfrom/usedinoperatingactivities | 17,685,800.21 | -176,901,330.95 | - | IncreaseinsalesrevenueduringQ1~Q32020 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 114,151,611.40 | 16,317,913.12 | 599.55% | Increaseintheacquisitionoffixedassets,etc.bywholly-ownedsubsidiaryChangchaiMachinery,whichwasbeingunderconstruction |
| Paymentsforinvestments | 25,022,956.16 | 77,088,441.76 | -67.54% | Q1~Q32019sawaninvestmentofRMB50millionbytheCompanyinHoushengNewEnergy,withnosuchinvestmentinQ1~Q32020 |
| Netcashgeneratedfrom/usedinfinancingactivities | -2,280,722.28 | -44,354,400.12 | - | Q1~Q32019sawtherepaymentofsomebankloanandthepaymentofcashdividends,withnosuchdividendpayoutinQ1~Q32020 |
IIProgress,InfluenceandSolutionsinrespectofSignificantEvents
√Applicable□Notapplicable
1.Onthe9April2020,theCompanyheldthe24
th
Meetingofthe8
th
BoardofDirectorsandthe19
th
Meetingofthe8
th
SupervisoryCommittee,onwhichtheProposalonthePlanforPrivatePlacementofA-sharesin2020andrelatedproposalswerereviewedandapprovedandtheCompanywasallowedtoprivatelyofferstocksnotexceeding168,412,297shares(inclusive)tospecificinvestorsnotexceeding35includingChangzhouInvestmentGroupCo.,Ltd.(hereinafterreferredtoas“InvestmentGroup”)forraisingfundsnotexceedingRMB635million(inclusive).On8May2020,aboveissuewasreviewedandapprovedbythe2019AnnualGeneralMeetingoftheCompany.
2.On7September2020,theCompanyreceivedtheAcceptanceFormregardingApplicationforAdministrativePermissionofChinaSecuritiesRegulatoryCommissionfromChinaSecuritiesRegulatoryCommission(hereinafterreferredtoasthe“CSRC”),andtheCSRCacceptedtheCompany’sapplicationforadministrativepermissionforprivateplacementofA-shares.
3.On14September2020,theCompanyreceivedtheNoticeofFirstFeedbackonAdministrativePermissionProjectofCSRCfromtheCSRC.TheCompanycarefullycheckedandimplementedthefeedbacktogetherwithrelatedintermediaries,supplementedmaterialsofandansweredquestionsaboutissuesinvolvedasrequiredbythefeedbackanddisclosedthereplyonthefeedbackon29September2020.TheCompanytimelysubmittedthematerialsregardingthereplyonthefeedbacktotheCSRCasrequired.
4.On18September2020,theCompanyheldtheinterimmeetingoftheBoardofDirectorsandtheinterimmeetingoftheSupervisoryCommittee,reviewedandapprovedtheProposalonPlan(Revised)forPrivate
PlacementofStocksin2020andrelatedproposalswhichhavebeenreviewedandapprovedonthe2
ndExtraordinaryGeneralMeetingof2020heldon12October2020.TheinformationintheplanaboutthevalidityofresolutionsandauthorizationbythegeneralmeetingtotheBoardofDirectorstohandlerelatedissuesaboutthisprivateplacementofstockswereadjusted.Progressofanysharerepurchase:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherRelevantParties,FailedtoFulfillonTimeduringtheReportingPeriod
√Applicable□Notapplicable
| Commitment | Commitmentmaker | Typeofcommitment | Contents | Dateofcommitmentmaking | Periodofcommitment | Fulfillment |
| Othercommitmentsmadetominorityshareholders | ChangchaiCompany,Limited | Bonus | RewardsPlanforShareholdersinNextThreeYears(2020-2022)Underthepremiseofpositivedistributiveprofit(remainingafter-taxprofitsaftermakingupforthelossandextractingforthecommonreserves)inthisyearorhalfyearandabundantmoneyflowandnoinfluenceonthefollowing-upgoingconcernaftercashbonus,theprofitsallocatedbycasheveryyearshouldn’tbelowerthan10%oftheallocableprofitsfromparentcompany.Meanwhile,theaccumulatedallocableprofitsbycashinthearbitrarycontinuousthreeaccountingyearsshouldnotbelowerthan30%oftheannualaverageallocableprofitsinthosethreeyears. | 8May2020 | Year2020-2022 | Implementinanormalway |
| Fulfilledontime | Yes | |||||
| Whenthecommitmentwasnotcompletelyfulfilledatmaturity,thespecificreasonsandfollowingworkplanshallbegiven | N/A | |||||
IVSecuritiesInvestments
√Applicable□Notapplicable
| Typeofsecurities | Codeofsecurities | Nameofsecurities | Initialinvestmentcost | Accountingmeasurementmethod | Openingcarryingamount | Gain/lossonfair-valuechangesinthecurrentperiod | Cumulativefair-valuechangesthroughequity | Purchasedinthecurrentperiod | Soldinthecurrentperiod | Gain/lossinthecurrentperiod | Closingcarryingamount | Accountingtitle | Fundingsource |
| Domestic/foreignstock | 600166 | FotonMotor | 41,784,000.00 | Fairvaluemethod | 260,100,000.00 | 89,590,000.00 | 261,720,100.00 | 0.00 | 0.00 | 0.00 | 349,690,000.00 | Investmentinotherequityinstruments | Self-funded |
| Domestic/foreignstock | 600919 | BankofJiangsu | 18,000,000.00 | Fairvaluemethod | 102,060,000.00 | 7,380,000.00 | 77,724,000.00 | 0.00 | 0.00 | 0.00 | 109,440,000.00 | Investmentinotherequityinstruments | Self-funded |
| Total | 59,784,000.00 | -- | 362,160,000.00 | 96,970,000.00 | 339,444,100.00 | 0.00 | 0.00 | 0.00 | 459,130,000.00 | -- | -- | ||
2.InvestmentsinDerivativeFinancialInstruments
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
VProgressofProjectsFinancedwithRaisedFunds
□Applicable√Notapplicable
VI2020AnnualOperatingPerformanceForecastWarningofaforecastlossonoraforecastsignificantyear-on-yearchangeinthe2020annualnetprofit,aswellasexplanationofwhy:
□Applicable√Notapplicable
VIISignificantContractsArisingfromtheCompany’sOrdinaryCourseofBusiness
□Applicable√NotapplicableVIIICashEntrustedforWealthManagement
√Applicable□Notapplicable
Unit:RMB’0,000
| Type | Fundingsource | Amount | Undueamount | Unrecoveredoverdueamount |
| Broker’swealthmanagementproduct | Self-funded | 730.00 | 1,380.00 | 0.00 |
| Bank’swealthmanagementproduct | Self-funded | 310.00 | 0.00 | 0.00 |
| Total | 1,040.00 | 1,380.00 | 0.00 | |
High-riskwealthmanagementtransactionswithasignificantsingleamount,orwithlowsecurity,lowliquidityornoprincipalprotection:
□Applicable√NotapplicableWealthmanagementtransactionswithpossibleimpairmentsincludinganexpectedlyunrecoverableprincipal:
□Applicable√NotapplicableIXIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
XICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsReceivedduringtheReportingPeriod
√Applicable□Notapplicable
| Dateofcommunication | Placeofcommunication | Wayofcommunication | Typeofcommunicationparty | Communicationparty | Maincontentscommunicatedandmaterialsprovided | indexofthebasicfactsaccordingtotheinvestigation |
| 14September2020 | EasyIR | Other | Individual | Individualinvestor | Thepricingoftheprivateplacementofstocksin2020bytheCompany | EasyIR |
| 18August2020 | EasyIR | Other | Individual | Individualinvestor | TheownershipstructureandproductsofHoushengNewEnergy | EasyIR |
| 18August2020 | EasyIR | Other | Individual | Individualinvestor | TheownershipstructureofHoushengNewEnergy | EasyIR |
| 13August2020 | EasyIR | Other | Individual | Individualinvestor | ThedisposalplanofsharesinFutonMotorheldbytheCompany | EasyIR |
| 13August2020 | EasyIR | Other | Individual | Individualinvestor | ThereasonfortheincreaseinsalesexpenseoftheCompanyforthefirsthalftheyear | EasyIR |
| 13August2020 | EasyIR | Other | Individual | Individualinvestor | TheprogressoftheapplicationfortheprivateplacementofstocksbytheCompany | EasyIR |
| 27July2020 | EasyIR | Other | Individual | Individualinvestor | TheprogressoftheprivateplacementofstocksbytheCompany | EasyIR |
| 27July2020 | EasyIR | Other | Individual | Individualinvestor | TheconstructionperiodfortheinnovationcapacitybuildingprojectoftheCompany’stechnicalcenter | EasyIR |
| 24July2020 | EasyIR | Other | Individual | Individualinvestor | SuggestionsonthequestoftheCompanyforthegovernment | EasyIR |
| 24July2020 | EasyIR | Other | Individual | Individualinvestor | Thedisposalflowofoldfactories | EasyIR |
| 7July2020 | EasyIR | Other | Individual | Individualinvestor | TheremunerationappraisalstandardsfortheCompany’sseniormanagementandplanfortheinvestorsmeeting | EasyIR |
| 7July2020 | EasyIR | Other | Individual | Individualinvestor | FactoryinspectionforLithiumbatterydiaphragmproject | EasyIR |
| 7July2020 | EasyIR | Other | Individual | Individualinvestor | TheindustrialtransformationandupgradingoftheCompany | EasyIR |
| 7July2020 | EasyIR | Other | Individual | Individualinvestor | TheindustrialtransformationandupgradingoftheCompany | EasyIR |
| 7July2020 | EasyIR | Other | Individual | Individualinvestor | ProductR&DoftheCompany | EasyIR |
| 7July2020 | EasyIR | Other | Individual | Individualinvestor | WorkperformanceoftheCompany’sBoardSecretary | EasyIR |
| 7July2020 | EasyIR | Other | Individual | Individualinvestor | ThelaborcontractoftheGeneralManagerofHoushengNewEnergy | EasyIR |
| 6July2020 | EasyIR | Other | Individual | Individualinvestor | LandoftheCompany | EasyIR |
PartIVFinancialStatements
IFinancialStatements
1.ConsolidatedBalanceSheetPreparedbyChangchaiCompany,Limited
30September2020
Unit:RMB
| Item | 30September2020 | 31December2019 |
| Currentassets: | ||
| Monetaryassets | 588,267,039.78 | 638,589,260.09 |
| Settlementreserve | ||
| Loanstootherbanksandfinancialinstitutions | ||
| Held-for-tradingfinancialassets | 13,800,000.00 | 13,050,000.00 |
| Derivativefinancialassets | ||
| Notesreceivable | 473,884,245.66 | 606,283,023.05 |
| Accountsreceivable | 798,741,555.78 | 419,302,056.87 |
| Receivablesfinancing | ||
| Prepayments | 12,689,614.06 | 12,968,746.16 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 6,375,613.71 | 9,703,390.94 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 481,218,665.32 | 473,359,168.90 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 6,021,701.45 | 6,421,275.47 |
| Totalcurrentassets | 2,380,998,435.76 | 2,179,676,921.48 |
| Non-currentassets: |
| Loansandadvancestocustomers | ||
| Debtinvestments | ||
| Otherdebtinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | ||
| Investmentsinotherequityinstruments | 559,130,000.00 | 532,886,000.00 |
| Othernon-currentfinancialassets | 78,002,757.25 | 77,952,101.63 |
| Investmentproperty | 46,791,411.23 | 48,447,666.83 |
| Fixedassets | 464,591,862.13 | 457,722,667.32 |
| Constructioninprogress | 136,252,904.99 | 91,358,156.24 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 96,267,414.62 | 99,699,450.26 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 33,595.50 | 53,497.80 |
| Deferredincometaxassets | 1,977,483.64 | 1,023,863.04 |
| Othernon-currentassets | 177,400.00 | |
| Totalnon-currentassets | 1,383,224,829.36 | 1,309,143,403.12 |
| Totalassets | 3,764,223,265.12 | 3,488,820,324.60 |
| Currentliabilities: | ||
| Short-termborrowings | 22,000,000.00 | 22,000,000.00 |
| Borrowingsfromthecentralbank | ||
| Loansfromotherbanksandfinancialinstitutions | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 573,397,000.00 | 403,035,000.00 |
| Accountspayable | 554,002,319.77 | 525,625,016.89 |
| Advancesfromcustomers | 31,789,001.78 | |
| Contractliabilities | 31,398,892.82 | |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsanddepositsfromotherbanksandfinancialinstitutions | ||
| Payablesforactingtradingofsecurities |
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 13,343,460.16 | 44,559,015.79 |
| Taxesandleviespayable | 12,144,962.87 | 9,094,382.58 |
| Otherpayables | 244,367,973.24 | 205,064,145.10 |
| Including:Interestpayable | ||
| Dividendspayable | 3,891,433.83 | 3,891,433.83 |
| Feesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | ||
| Othercurrentliabilities | 1,085,248.50 | 1,177,712.38 |
| Totalcurrentliabilities | 1,451,739,857.36 | 1,242,344,274.52 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | 58,331,924.41 | 58,864,111.22 |
| Deferredincometaxliabilities | 60,899,865.60 | 57,082,890.27 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 119,231,790.01 | 115,947,001.49 |
| Totalliabilities | 1,570,971,647.37 | 1,358,291,276.01 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Capitalreserves | 164,328,665.43 | 164,328,665.43 |
| Less:Treasurystock |
| Othercomprehensiveincome | 339,444,100.00 | 317,059,775.00 |
| Specificreserve | 18,438,650.51 | 17,560,202.07 |
| Surplusreserves | 322,228,533.72 | 322,228,533.72 |
| Generalreserve | ||
| Retainedearnings | 767,643,412.71 | 728,341,265.36 |
| TotalequityattributabletoownersoftheCompanyastheparent | 2,173,457,688.37 | 2,110,892,767.58 |
| Non-controllinginterests | 19,793,929.38 | 19,636,281.01 |
| Totalowners’equity | 2,193,251,617.75 | 2,130,529,048.59 |
| Totalliabilitiesandowners’equity | 3,764,223,265.12 | 3,488,820,324.60 |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30September2020 | 31December2019 |
| Currentassets: | ||
| Monetaryassets | 516,026,926.22 | 584,957,678.96 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 461,625,375.66 | 576,948,023.05 |
| Accountsreceivable | 715,329,444.63 | 337,447,538.04 |
| Receivablesfinancing | ||
| Prepayments | 5,196,747.28 | 6,386,284.14 |
| Otherreceivables | 22,937,844.85 | 22,741,542.22 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Inventories | 362,725,150.30 | 368,653,472.39 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 3,898,333.51 | |
| Totalcurrentassets | 2,083,841,488.94 | 1,901,032,872.31 |
| Non-currentassets: | ||
| Debtinvestments | ||
| Otherdebtinvestments | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 367,752,730.03 | 252,752,730.03 |
| Investmentsinotherequityinstruments | 559,130,000.00 | 532,886,000.00 |
| Othernon-currentfinancialassets | 50,000,000.00 | 50,000,000.00 |
| Investmentproperty | 46,791,411.23 | 48,447,666.83 |
| Fixedassets | 378,520,875.17 | 364,071,199.07 |
| Constructioninprogress | 32,607,864.62 | 89,330,161.60 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | ||
| Intangibleassets | 67,786,482.85 | 70,169,770.91 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | ||
| Deferredincometaxassets | 1,926,498.14 | 970,026.67 |
| Othernon-currentassets | ||
| Totalnon-currentassets | 1,504,515,862.04 | 1,408,627,555.11 |
| Totalassets | 3,588,357,350.98 | 3,309,660,427.42 |
| Currentliabilities: | ||
| Short-termborrowings | 5,000,000.00 | 5,000,000.00 |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 560,197,000.00 | 392,105,000.00 |
| Accountspayable | 518,895,469.59 | 481,854,210.18 |
| Advancesfromcustomers | 28,673,664.87 | |
| Contractliabilities | 26,654,168.78 | |
| Employeebenefitspayable | 5,505,295.99 | 39,125,477.30 |
| Taxesandleviespayable | 9,128,863.21 | 5,952,664.10 |
| Otherpayables | 237,250,821.97 | 192,046,130.29 |
| Including:Interestpayable | ||
| Dividendspayable | 3,243,179.97 | 3,243,179.97 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | ||
| Othercurrentliabilities | ||
| Totalcurrentliabilities | 1,362,631,619.54 | 1,144,757,146.74 |
| Non-currentliabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | 58,331,924.41 | 58,864,111.22 |
| Deferredincometaxliabilities | 59,901,900.00 | 55,951,725.00 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 118,233,824.41 | 114,815,836.22 |
| Totalliabilities | 1,480,865,443.95 | 1,259,572,982.96 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Capitalreserves | 183,071,147.70 | 183,071,147.70 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 339,444,100.00 | 317,059,775.00 |
| Specificreserve | 18,438,650.51 | 17,560,202.07 |
| Surplusreserves | 322,228,533.72 | 322,228,533.72 |
| Retainedearnings | 682,935,149.10 | 648,793,459.97 |
| Totalowners’equity | 2,107,491,907.03 | 2,050,087,444.46 |
| Totalliabilitiesandowners’equity | 3,588,357,350.98 | 3,309,660,427.42 |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
3.ConsolidatedIncomeStatementforQ3
Unit:RMB
| Item | Q32020 | Q32019 |
| 1.Revenues | 584,404,482.93 | 462,134,190.47 |
| Including:Operatingrevenue | 584,404,482.93 | 462,134,190.47 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Feeandcommissionincome | ||
| 2.Costsandexpenses | 571,476,343.30 | 467,023,908.14 |
| Including:Costofsales | 482,566,998.78 | 390,805,565.08 |
| Interestexpense | ||
| Feeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandlevies | 3,122,156.69 | 759,274.52 |
| Sellingexpense | 38,696,970.53 | 37,273,069.65 |
| Administrativeexpense | 22,209,789.62 | 22,299,856.47 |
| R&Dexpense | 17,108,931.84 | 19,450,880.63 |
| Financecosts | 7,771,495.84 | -3,564,738.21 |
| Including:Interestexpense | 2,043,803.77 | 2,296,943.75 |
| Interestincome | 1,771,285.50 | 1,617,009.65 |
| Add:Otherincome | 3,017,133.07 | 204,284.78 |
| Returnoninvestment(“-”forloss) | 119,306.81 | 6,328,605.37 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) |
| Creditimpairmentloss(“-”forloss) | -1,356,757.76 | -329,359.12 |
| Assetimpairmentloss(“-”forloss) | -1,054,702.67 | |
| Assetdisposalincome(“-”forloss) | 170,802.94 | 35,470.13 |
| 3.Operatingprofit(“-”forloss) | 13,823,922.02 | 1,349,283.49 |
| Add:Non-operatingincome | 159,777.74 | 394,303.76 |
| Less:Non-operatingexpense | 28,902.97 | 28,413.43 |
| 4.Grossprofit(“-”forloss) | 13,954,796.79 | 1,715,173.82 |
| Less:Incometaxexpense | 2,711,164.47 | 770,358.39 |
| 5.Netprofit(“-”fornetloss) | 11,243,632.32 | 944,815.43 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 11,243,632.32 | 944,815.43 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 11,263,467.62 | 944,815.43 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -19,835.30 | 0.00 |
| 6.Othercomprehensiveincome,netoftax | 82,424,500.00 | -56,331,625.00 |
| AttributabletoownersoftheCompanyastheparent | 82,424,500.00 | -56,331,625.00 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | 82,424,500.00 | -56,331,625.00 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 82,424,500.00 | -56,331,625.00 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod |
| 6.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 93,668,132.32 | -55,386,809.57 |
| AttributabletoownersoftheCompanyastheparent | 93,687,967.62 | -55,386,809.57 |
| Attributabletonon-controllinginterests | -19,835.30 | 0.00 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0201 | 0.0017 |
| 8.2Dilutedearningspershare | 0.0201 | 0.0017 |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
4.IncomeStatementoftheCompanyastheParentforQ3
Unit:RMB
| Item | Q32020 | Q32019 |
| 1.Operatingrevenue | 544,380,376.94 | 421,276,661.38 |
| Less:Costofsales | 451,581,653.16 | 359,102,937.24 |
| Taxesandlevies | 2,294,057.28 | 284,731.94 |
| Sellingexpense | 34,532,756.23 | 35,132,740.35 |
| Administrativeexpense | 19,659,221.51 | 18,782,065.04 |
| R&Dexpense | 16,348,087.88 | 18,913,412.83 |
| Financecosts | 6,341,917.96 | -3,838,154.82 |
| Including:Interestexpense | 2,043,148.48 | 2,245,294.98 |
| Interestincome | 1,748,401.59 | 1,582,099.73 |
| Add:Otherincome | 1,498,700.00 | 196,959.20 |
| Returnoninvestment(“-”forloss) | 6,116,775.16 | |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -1,456,757.76 | -200,000.00 |
| Assetimpairmentloss(“-”forloss) | -1,054,702.67 | |
| Assetdisposalincome(“-”forloss) | -3,601.94 | 35,470.13 |
| 2.Operatingprofit(“-”forloss) | 12,606,320.55 | -951,866.71 |
| Add:Non-operatingincome | 141,340.86 | 90,530.00 |
| Less:Non-operatingexpense | 1,840.00 | 1,380.00 |
| 3.Grossprofit(“-”forloss) | 12,745,821.41 | -862,716.71 |
| Less:Incometaxexpense | 2,505,420.39 | 80,572.15 |
| 4.Netprofit(“-”fornetloss) | 10,240,401.02 | -943,288.86 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 10,240,401.02 | -943,288.86 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | 82,424,500.00 | -56,331,625.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | 82,424,500.00 | -56,331,625.00 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 82,424,500.00 | -56,331,625.00 |
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 92,664,901.02 | -57,274,913.86 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
5.ConsolidatedIncomeStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Revenues | 1,751,860,265.23 | 1,581,005,315.47 |
| Including:Operatingrevenue | 1,751,860,265.23 | 1,581,005,315.47 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Feeandcommissionincome | ||
| 2.Costsandexpenses | 1,694,490,647.57 | 1,566,116,694.04 |
| Including:Costofsales | 1,468,409,717.46 | 1,363,790,338.62 |
| Interestexpense | ||
| Feeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandlevies | 9,673,762.22 | 5,768,967.47 |
| Sellingexpense | 102,089,329.05 | 95,531,468.63 |
| Administrativeexpense | 57,818,820.36 | 56,859,918.77 |
| R&Dexpense | 49,447,182.62 | 49,515,164.09 |
| Financecosts | 7,051,835.86 | -5,349,163.54 |
| Including:Interestexpense | 5,384,379.68 | 3,864,569.25 |
| Interestincome | 4,563,438.25 | 3,264,215.89 |
| Add:Otherincome | 5,695,097.89 | 338,322.49 |
| Returnoninvestment(“-”forloss) | 5,503,903.85 | 6,512,955.00 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) |
| Creditimpairmentloss(“-”forloss) | -7,335,779.05 | -5,581,969.86 |
| Assetimpairmentloss(“-”forloss) | -17,398,507.67 | -26,096.43 |
| Assetdisposalincome(“-”forloss) | 181,780.55 | 1,024,006.08 |
| 3.Operatingprofit(“-”forloss) | 44,016,113.23 | 17,155,838.71 |
| Add:Non-operatingincome | 628,068.52 | 977,241.24 |
| Less:Non-operatingexpense | 424,278.65 | 246,251.41 |
| 4.Grossprofit(“-”forloss) | 44,219,903.10 | 17,886,828.54 |
| Less:Incometaxexpense | 5,108,476.05 | -2,224,636.93 |
| 5.Netprofit(“-”fornetloss) | 39,111,427.05 | 20,111,465.47 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 39,111,427.05 | 20,111,465.47 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 38,953,778.68 | 20,062,451.12 |
| 5.2.1Netprofitattributabletonon-controllinginterests | 157,648.37 | 49,014.35 |
| 6.Othercomprehensiveincome,netoftax | 22,732,693.67 | 30,999,075.00 |
| AttributabletoownersoftheCompanyastheparent | 22,732,693.67 | 30,999,075.00 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | 22,732,693.67 | 30,999,075.00 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 22,732,693.67 | 30,999,075.00 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod |
| 6.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 61,844,120.72 | 51,110,540.47 |
| AttributabletoownersoftheCompanyastheparent | 61,686,472.35 | 51,061,526.12 |
| Attributabletonon-controllinginterests | 157,648.37 | 49,014.35 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0694 | 0.0357 |
| 8.2Dilutedearningspershare | 0.0694 | 0.0357 |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Operatingrevenue | 1,625,850,180.06 | 1,454,605,836.96 |
| Less:Costofsales | 1,375,003,675.93 | 1,266,389,252.73 |
| Taxesandlevies | 7,653,755.04 | 4,248,625.13 |
| Sellingexpense | 91,909,154.03 | 88,479,571.30 |
| Administrativeexpense | 46,455,658.69 | 44,258,430.92 |
| R&Dexpense | 47,995,826.24 | 46,805,098.25 |
| Financecosts | 4,951,153.41 | -6,848,347.17 |
| Including:Interestexpense | 4,346,720.00 | 3,559,655.48 |
| Interestincome | 4,277,801.43 | 2,747,522.82 |
| Add:Otherincome | 3,430,304.92 | 326,259.20 |
| Returnoninvestment(“-”forloss) | 4,983,988.73 | 6,116,775.16 |
| Including:Shareofprofitorlossofjointventuresandassociates | ||
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -6,897,540.23 | -5,460,420.00 |
| Assetimpairmentloss(“-”forloss) | -16,871,000.79 | -26,096.43 |
| Assetdisposalincome(“-”forloss) | 7,179.81 | 1,024,006.08 |
| 2.Operatingprofit(“-”forloss) | 36,533,889.16 | 13,253,729.81 |
| Add:Non-operatingincome | 380,289.78 | 320,883.36 |
| Less:Non-operatingexpense | 5,865.58 | 168,334.64 |
| 3.Grossprofit(“-”forloss) | 36,908,313.36 | 13,406,278.53 |
| Less:Incometaxexpense | 3,114,992.90 | -4,038,108.25 |
| 4.Netprofit(“-”fornetloss) | 33,793,320.46 | 17,444,386.78 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 33,793,320.46 | 17,444,386.78 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | 22,732,693.67 | 30,999,075.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | 22,732,693.67 | 30,999,075.00 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | 22,732,693.67 | 30,999,075.00 |
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofotherdebtinvestments | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforotherdebtinvestments | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 56,526,014.13 | 48,443,461.78 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,611,643,141.67 | 1,364,093,458.22 |
| Netincreaseincustomerdepositsanddepositsfromotherbanksandfinancialinstitutions | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,feesandcommissionsreceived | ||
| Netincreaseinloansfromotherbanksandfinancialinstitutions | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxandlevyrebates | 21,886,374.72 | 23,791,753.91 |
| Cashgeneratedfromotheroperatingactivities | 11,604,073.90 | 12,148,649.31 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,645,133,590.29 | 1,400,033,861.44 |
| Paymentsforcommoditiesandservices | 1,284,823,979.81 | 1,269,133,440.46 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandotherbanksandfinancialinstitutions | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseinloanstootherbanksandfinancialinstitutions | ||
| Interest,feesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 220,889,699.06 | 220,572,688.59 |
| Taxesandleviespaid | 32,562,156.11 | 20,667,117.44 |
| Cashusedinotheroperatingactivities | 89,171,955.10 | 66,561,945.90 |
| Subtotalofcashusedinoperatingactivities | 1,627,447,790.08 | 1,576,935,192.39 |
| Netcashgeneratedfrom/usedinoperatingactivities | 17,685,800.21 | -176,901,330.95 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 29,773,443.16 | 17,900,000.00 |
| Returnoninvestment | 5,503,903.85 | 6,480,702.52 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 108,370.88 | 1,040,506.08 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | 97,150.00 | |
| Subtotalofcashgeneratedfrominvestingactivities | 35,482,867.89 | 25,421,208.60 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 114,151,611.40 | 16,317,913.12 |
| Paymentsforinvestments | 25,022,956.16 | 77,088,441.76 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 930,300.00 | |
| Subtotalofcashusedininvestingactivities | 140,104,867.56 | 93,406,354.88 |
| Netcashgeneratedfrom/usedininvestingactivities | -104,621,999.67 | -67,985,146.28 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | ||
| Borrowingsreceived | 20,000,000.00 | 19,000,000.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 20,000,000.00 | 19,000,000.00 |
| Repaymentofborrowings | 20,000,000.00 | 44,500,000.00 |
| Interestanddividendspaid | 2,280,722.28 | 18,854,400.12 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 22,280,722.28 | 63,354,400.12 |
| Netcashgeneratedfrom/usedinfinancingactivities | -2,280,722.28 | -44,354,400.12 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -401,452.02 | |
| 5.Netincreaseincashandcashequivalents | -89,618,373.76 | -289,240,877.35 |
| Add:Cashandcashequivalents,beginningoftheperiod | 545,959,998.20 | 691,266,373.34 |
| 6.Cashandcashequivalents,endoftheperiod | 456,341,624.44 | 402,025,495.99 |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32020 | Q1~Q32019 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,382,048,122.49 | 1,175,685,236.64 |
| Taxandlevyrebates | 14,909,572.36 | 17,666,191.34 |
| Cashgeneratedfromotheroperatingactivities | 7,698,523.96 | 7,495,628.63 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,404,656,218.81 | 1,200,847,056.61 |
| Paymentsforcommoditiesandservices | 1,108,481,874.19 | 1,132,183,895.35 |
| Cashpaidtoandforemployees | 186,731,262.98 | 183,902,068.67 |
| Taxesandleviespaid | 21,731,249.39 | 10,494,488.59 |
| Cashusedinotheroperatingactivities | 78,159,754.99 | 50,986,232.72 |
| Subtotalofcashusedinoperatingactivities | 1,395,104,141.55 | 1,377,566,685.33 |
| Netcashgeneratedfrom/usedinoperatingactivities | 9,552,077.26 | -176,719,628.72 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 500,487.00 | |
| Returnoninvestment | 4,983,988.73 | 6,116,775.16 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 107,470.88 | 1,024,006.08 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 5,591,946.61 | 7,140,781.24 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 6,477,322.90 | 11,570,933.53 |
| Paymentsforinvestments | 115,000,000.00 | 60,000,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 121,477,322.90 | 71,570,933.53 |
| Netcashgeneratedfrom/usedininvestingactivities | -115,885,376.29 | -64,430,152.29 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsreceived | 5,000,000.00 | 5,000,000.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 5,000,000.00 | 5,000,000.00 |
| Repaymentofborrowings | 5,000,000.00 | 28,500,000.00 |
| Interestanddividendspaid | 951,674.34 | 17,594,013.63 |
| Cashusedinotherfinancingactivities | ||
| Subtotalofcashusedinfinancingactivities | 5,951,674.34 | 46,094,013.63 |
| Netcashgeneratedfrom/usedinfinancingactivities | -951,674.34 | -41,094,013.63 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -531,932.82 | |
| 5.Netincreaseincashandcashequivalents | -107,816,906.19 | -282,243,794.64 |
| Add:Cashandcashequivalents,beginningoftheperiod | 497,777,104.81 | 651,854,206.79 |
| 6.Cashandcashequivalents,endoftheperiod | 389,960,198.62 | 369,610,412.15 |
Legalrepresentative:ShiXinkunGeneralManager:ZhangXinHeadoftheaccountingdepartment:JiangHe
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheExecutionYear(2019)oftheNewAccountingStandardsGoverningFinancialInstruments,RevenueandLeases
√Applicable□NotapplicableWhetheritemsofthebalancesheetsatthebeginningoftheyearneedadjustments
√Yes□NoConsolidatedbalancesheet
Unit:RMB
| Item | 31December2019 | 1January2020 | Adjustment |
| Currentassets: | |||
| Monetaryassets | 638,589,260.09 | 638,589,260.09 | |
| Settlementreserve | |||
| Loanstootherbanksandfinancialinstitutions | |||
| Held-for-tradingfinancialassets | 13,050,000.00 | 13,050,000.00 | |
| Derivativefinancialassets | |||
| Notesreceivable | 606,283,023.05 | 606,283,023.05 | |
| Accountsreceivable | 419,302,056.87 | 419,302,056.87 | |
| Receivablesfinancing | |||
| Prepayments | 12,968,746.16 | 12,968,746.16 | |
| Premiumsreceivable | |||
| Reinsurancereceivables | |||
| Receivablereinsurancecontractreserve | |||
| Otherreceivables | 9,703,390.94 | 9,703,390.94 | |
| Including:Interestreceivable | |||
| Dividendsreceivable | |||
| Financialassetspurchasedunderresaleagreements | |||
| Inventories | 473,359,168.90 | 473,359,168.90 | |
| Contractassets | |||
| Assetsheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 6,421,275.47 | 6,421,275.47 | |
| Totalcurrentassets | 2,179,676,921.48 | 2,179,676,921.48 | |
| Non-currentassets: |
| Loansandadvancestocustomers | |||
| Debtinvestments | |||
| Otherdebtinvestments | |||
| Long-termreceivables | |||
| Long-termequityinvestments | |||
| Investmentsinotherequityinstruments | 532,886,000.00 | 532,886,000.00 | |
| Othernon-currentfinancialassets | 77,952,101.63 | 77,952,101.63 | |
| Investmentproperty | 48,447,666.83 | 48,447,666.83 | |
| Fixedassets | 457,722,667.32 | 457,722,667.32 | |
| Constructioninprogress | 91,358,156.24 | 91,358,156.24 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | |||
| Intangibleassets | 99,699,450.26 | 99,699,450.26 | |
| Developmentcosts | |||
| Goodwill | |||
| Long-termprepaidexpense | 53,497.80 | 53,497.80 | |
| Deferredincometaxassets | 1,023,863.04 | 1,023,863.04 | |
| Othernon-currentassets | |||
| Totalnon-currentassets | 1,309,143,403.12 | 1,309,143,403.12 | |
| Totalassets | 3,488,820,324.60 | 3,488,820,324.60 | |
| Currentliabilities: | |||
| Short-termborrowings | 22,000,000.00 | 22,000,000.00 | |
| Borrowingsfromthecentralbank | |||
| Loansfromotherbanksandfinancialinstitutions | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 403,035,000.00 | 403,035,000.00 | |
| Accountspayable | 525,625,016.89 | 525,625,016.89 | |
| Advancesfromcustomers | 31,789,001.78 | -31,789,001.78 | |
| Contractliabilities | 31,789,001.78 | 31,789,001.78 | |
| Financialassetssoldunderrepurchaseagreements | |||
| Customerdepositsanddepositsfromother |
| banksandfinancialinstitutions | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 44,559,015.79 | 44,559,015.79 |
| Taxesandleviespayable | 9,094,382.58 | 9,094,382.58 |
| Otherpayables | 205,064,145.10 | 205,064,145.10 |
| Including:Interestpayable | ||
| Dividendspayable | 3,891,433.83 | 3,891,433.83 |
| Feesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | ||
| Othercurrentliabilities | 1,177,712.38 | 1,177,712.38 |
| Totalcurrentliabilities | 1,242,344,274.52 | 1,242,344,274.52 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | 58,864,111.22 | 58,864,111.22 |
| Deferredincometaxliabilities | 57,082,890.27 | 57,082,890.27 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 115,947,001.49 | 115,947,001.49 |
| Totalliabilities | 1,358,291,276.01 | 1,358,291,276.01 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferenceshares | ||
| Perpetualbonds |
| Capitalreserves | 164,328,665.43 | 164,328,665.43 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 317,059,775.00 | 317,059,775.00 |
| Specificreserve | 17,560,202.07 | 17,560,202.07 |
| Surplusreserves | 322,228,533.72 | 322,228,533.72 |
| Generalreserve | ||
| Retainedearnings | 728,341,265.36 | 728,341,265.36 |
| TotalequityattributabletoownersoftheCompanyastheparent | 2,110,892,767.58 | 2,110,892,767.58 |
| Non-controllinginterests | 19,636,281.01 | 19,636,281.01 |
| Totalowners’equity | 2,130,529,048.59 | 2,130,529,048.59 |
| Totalliabilitiesandowners’equity | 3,488,820,324.60 | 3,488,820,324.60 |
BalancesheetoftheCompanyastheparent
Unit:RMB
| Item | 31December2019 | 1January2020 | Adjustment |
| Currentassets: | |||
| Monetaryassets | 584,957,678.96 | 584,957,678.96 | |
| Held-for-tradingfinancialassets | |||
| Derivativefinancialassets | |||
| Notesreceivable | 576,948,023.05 | 576,948,023.05 | |
| Accountsreceivable | 337,447,538.04 | 337,447,538.04 | |
| Receivablesfinancing | |||
| Prepayments | 6,386,284.14 | 6,386,284.14 | |
| Otherreceivables | 22,741,542.22 | 22,741,542.22 | |
| Including:Interestreceivable | |||
| Dividendsreceivable | |||
| Inventories | 368,653,472.39 | 368,653,472.39 | |
| Contractassets | |||
| Assetsheldforsale | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 3,898,333.51 | 3,898,333.51 | |
| Totalcurrentassets | 1,901,032,872.31 | 1,901,032,872.31 | |
| Non-currentassets: | |||
| Debtinvestments | |||
| Otherdebtinvestments |
| Long-termreceivables | |||
| Long-termequityinvestments | 252,752,730.03 | 252,752,730.03 | |
| Investmentsinotherequityinstruments | 532,886,000.00 | 532,886,000.00 | |
| Othernon-currentfinancialassets | 50,000,000.00 | 50,000,000.00 | |
| Investmentproperty | 48,447,666.83 | 48,447,666.83 | |
| Fixedassets | 364,071,199.07 | 364,071,199.07 | |
| Constructioninprogress | 89,330,161.60 | 89,330,161.60 | |
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | |||
| Intangibleassets | 70,169,770.91 | 70,169,770.91 | |
| Developmentcosts | |||
| Goodwill | |||
| Long-termprepaidexpense | |||
| Deferredincometaxassets | 970,026.67 | 970,026.67 | |
| Othernon-currentassets | |||
| Totalnon-currentassets | 1,408,627,555.11 | 1,408,627,555.11 | |
| Totalassets | 3,309,660,427.42 | 3,309,660,427.42 | |
| Currentliabilities: | |||
| Short-termborrowings | 5,000,000.00 | 5,000,000.00 | |
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | 392,105,000.00 | 392,105,000.00 | |
| Accountspayable | 481,854,210.18 | 481,854,210.18 | |
| Advancesfromcustomers | 28,673,664.87 | -28,673,664.87 | |
| Contractliabilities | 28,673,664.87 | 28,673,664.87 | |
| Employeebenefitspayable | 39,125,477.30 | 39,125,477.30 | |
| Taxesandleviespayable | 5,952,664.10 | 5,952,664.10 | |
| Otherpayables | 192,046,130.29 | 192,046,130.29 | |
| Including:Interestpayable | |||
| Dividendspayable | 3,243,179.97 | 3,243,179.97 | |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | |||
| Currentportionofnon-currentliabilities | |||
| Othercurrentliabilities |
| Totalcurrentliabilities | 1,144,757,146.74 | 1,144,757,146.74 |
| Non-currentliabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Leaseliabilities | ||
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | 58,864,111.22 | 58,864,111.22 |
| Deferredincometaxliabilities | 55,951,725.00 | 55,951,725.00 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 114,815,836.22 | 114,815,836.22 |
| Totalliabilities | 1,259,572,982.96 | 1,259,572,982.96 |
| Owners’equity: | ||
| Sharecapital | 561,374,326.00 | 561,374,326.00 |
| Otherequityinstruments | ||
| Including:Preferenceshares | ||
| Perpetualbonds | ||
| Capitalreserves | 183,071,147.70 | 183,071,147.70 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 317,059,775.00 | 317,059,775.00 |
| Specificreserve | 17,560,202.07 | 17,560,202.07 |
| Surplusreserves | 322,228,533.72 | 322,228,533.72 |
| Retainedearnings | 648,793,459.97 | 648,793,459.97 |
| Totalowners’equity | 2,050,087,444.46 | 2,050,087,444.46 |
| Totalliabilitiesandowners’equity | 3,309,660,427.42 | 3,309,660,427.42 |
2.RetrospectiveAdjustmentstotheComparativeDataofPriorPeriodsduetotheFirstExecutionin2020oftheNewAccountingStandardsGoverningRevenueandLeases
□Applicable√Notapplicable
IIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.