CHINAMERCHANTSPORTGROUPCO.,LTD.
THEREPORTFORTHETHIRDQUARTEROF2019
DateofDisclosure:31October2019
PartIImportantNotesTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofChinaMerchantsPortGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.BaiJingtao,theCompany’slegalrepresentative,WenLing,theCompany’sChiefFinancialOfficer,andSunLigan,theperson-in-chargeoftheaccountingorganherebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.SecuritiesTimes,HongKongTaKungPaoandthecninfowebsitearemediadesignatedbytheCompanyforinformationdisclosure.AllinformationdisclosedbytheCompanyonabovedesignatedmediashallprevail.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
Definitions
| Term | Definition |
| The“Company”,“CMPort”or“we” | ChinaMerchantsPortGroupCo.,Ltd.,formerlynamedasShenzhenChiwanWharfHoldingsLimited |
| CMG | ChinaMerchantsGroupCo.,Limited |
| CMID | ChinaMerchantsInvestmentDevelopmentCompanyLimited,theChinesenameis“招商局投资发展有限公司” |
| CMPortHoldings | ChinaMerchantsPortHoldingsCompanyLimited(00144.HK) |
| ZhanjiangPort | ZhanjiangPort(Group)Co.,Ltd. |
| BroadfordGlobal | BroadfordGlobalLimited,awholly-ownedsubsidiaryofCMGHongKong |
| CMGD | ChinaMerchantsGangtongDevelopment(Shenzhen)Co.,Ltd.,aBroadfordGlobalwholly-ownedsubsidiaryinShenzhen |
| LacAssal | LacAssalInvestmentHoldingCompanyLimited |
| CMQianhaiIndustrial | ShenzhenChinaMerchantsQianhaiIndustrialDevelopmentCo.,Ltd. |
| SIPG | ShanghaiInternationalPort(Group)Co.,Ltd. |
| TCP | TCPParticipa??esS.A.,Paranagua,Brazil |
| HIPG | HambantotaInternationalPortGroup,Hambantota,SriLanka |
| DjiboutiAssetCompany | KHORAMBADOFZCO |
| SZSE | ShenzhenStockExchange |
| CMGFinance | ChinaMerchantsGroupFinanceCo.,Ltd. |
| The“ArticlesofAssociation” | TheArticlesofAssociationofChinaMerchantsPortGroupCo.,Ltd. |
| The“StockListingRules” | TheStockListingRulesoftheShenzhenStockExchange |
| Thecninfowebsite | www.cninfo.com.cn |
| TEU | TwentyFootEquivalentUnit |
| RMBRMB’0,000RMB’00,000,000 | ExpressedintheChinesecurrencyofRenminbiExpressedintensofthousandsofRenminbiExpressedinhundredsofmillionsofRenminbi(unlessotherwisespecified) |
PartIIKeyCorporateInformation
IKeyAccountingDataandFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
√Yes□No
Reasonsfortheretrospectiveadjustmentsorrestatements:1.Changestoaccountingpolicies.Fordetails,pleasereferto“XIIIYoYChangestoAccountingPolicies,EstimatesandMethods”under“PartIIISignificantEvents”inthisreport;2.Abusinesscombinationundercommoncontrol.TheCompanycompletedtheissuanceofsharestothetradingcounterpartCMIDon25December2018andtookcontrolofCMPortHoldingsinformandinnature.InaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.33-ConsolidatedFinancialStatements,theCompanystartstoincludeCMPortHoldingsintotheconsolidatedfinancialstatementssinceDecember2018.Therefore,theCompanyadjustedthecomparativefinancialdatainthetablebelowasrequiredbytherulesgoverningbusinesscombinationsundercommoncontrol.
| 30September2019 | 31December2018 | Change(%) | ||
| Restated | ||||
| Totalassets(RMB) | 152,633,216,405.25 | 128,018,084,415.68 | 19.23% | |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 33,006,062,129.65 | 30,760,475,412.93 | 7.30% | |
| Q32019 | YoYchange(%) | Q1~Q32019 | YoYchange(%) | |
| Operatingrevenue(RMB) | 3,178,406,039.64 | 22.75% | 9,012,759,460.97 | 24.11% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 171,091,424.23 | -38.20% | 2,470,272,754.81 | 175.43% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalitems(RMB) | 155,647,010.17 | 14.46% | 725,052,340.93 | 59.93% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -- | -- | 3,956,552,986.35 | 26.97% |
| Basicearningspershare(RMB/share) | 0.095 | -38.31% | 1.377 | 175.40% |
| Dilutedearningspershare(RMB/share) | 0.095 | -38.31% | 1.377 | 175.40% |
| Weightedaveragereturnonequity(%) | 0.52% | -0.43% | 7.74% | 4.63% |
Totalsharecapitaluptotheformertradingdatebeforethedisclosure:
| Totalsharecapitaluptotheformertradingdatebeforethedisclosure(share) | 1,793,412,378 |
FullydilutedEPScalculatedbythenewestsharecapital:
| FullydilutedEPScalculatedbythenewestsharecapital(RMB/share) | 1.377 |
Exceptionalgainsandlosses:
√Applicable□Notapplicable
Unit:RMB
| Item | Q1-Q32019 | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 4,172,553,224.00 | - |
| Governmentsubsidieschargedtocurrentprofitorloss(exclusiveofgovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsasperthegovernment’suniformstandards) | 93,398,328.01 | - |
| Capitaloccupationchargesonnon-financialenterprisesthatarerecordedintocurrentprofitorloss | 26,105,690.91 | - |
| Gainorlossonfair-valuechangesintradingfinancialassetsandliabilities,aswellasderivativefinancialassetsandliabilities&incomefromdisposaloftradingfinancialassetsandliabilities,derivativefinancialassetsandliabilities,aswellasinvestmentsinotherdebtobligations(exclusiveofeffectiveportionofhedgesthatariseintheCompany’sordinarycourseofbusiness) | 651,390,184.96 | Gainorlossonfairvaluechangesinfinancialassetsandliabilitiesatfairvaluethroughprofitorlossheldinthisyear |
| Reverseofbaddebtprovisionofaccountsreceivableandcontractassetsindividuallyconductingimpairmenttest | 886,165.84 | - |
| Non-operatingincomeandexpenseotherthantheabove | 4,111,751.77 | - |
| Othergainsandlossesthatmeetdefinitionofnonrecurringgain/loss | 722,688,249.35 | TheCompanyrealizeditscontroloverZhanjiangPortinthisyearandrecognizedtheinvestmentincomebyfairvalueregardingtheoriginallong-termequityinvestmentinZhanjiangPortunderequitymethod |
| Less:Incometaxeffects | 1,213,811,582.86 | - |
| Minorityinterestseffects(aftertax) | 2,712,101,598.10 | - |
| Total | 1,745,220,413.88 | -- |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√Notapplicable
NosuchcasesfortheReportingPeriod.
IITotalNumberofShareholdersandHoldingsofTop10Shareholdersat30September2019
1.NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders
| Numberofordinaryshareholdersattheperiod-end | 34,452(including23,286A-shareholdersand11,166B-shareholders) | Numberofpreferredshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | |||
| Top10shareholders | ||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheld | Restrictedsharesheld | Pledgedorfrozenshares | |
| ChinaMerchantsInvestmentDevelopmentCompanyLimited | Foreignlegalperson | 64.05% | 1,148,648,648 | 1,148,648,648 | 0 | |
| ChinaMerchantsGangtongDevelopment(Shenzhen)Co.,Ltd. | State-ownedlegalperson | 20.68% | 370,878,000 | 0 | 0 | |
| BroadfordGlobalLimited | State-ownedlegalperson | 3.08% | 55,314,208 | 0 | 0 | |
| CMBLSAREFTIFTEMPLETONASIANGRWFDGTI5496 | Foreignlegalperson | 1.80% | 32,276,393 | 0 | Unknown | |
| NORGESBANK | Foreignlegalperson | 0.16% | 2,802,863 | 0 | Unknown | |
| ChinaMerchantsSecurities(HK)Co.,Ltd. | State-ownedlegalperson | 0.14% | 2,580,267 | 0 | Unknown | |
| MaiShuqing | Domesticnaturalperson | 0.13% | 2,376,747 | 0 | Unknown | |
| ShenHuailing | Domesticnaturalperson | 0.08% | 1,519,849 | 0 | Unknown | |
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | Foreignlegalperson | 0.07% | 1,326,082 | 0 | Unknown | |
| ChenZehong | Domesticnaturalperson | 0.07% | 1,240,000 | 0 | Unknown | |
| Top10unrestrictedshareholders | ||||||
| Nameofshareholder | Unrestrictedsharesheld | Sharesbytype | ||||
| Type | Shares | |||||
| ChinaMerchantsGangtongDevelopment(Shenzhen)Co.,Ltd. | 370,878,000 | RMB-denominatedordinarystock | 370,878,000 |
| BroadfordGlobalLimited | 55,314,208 | Domesticallylistedforeignstock | 55,314,208 |
| CMBLSAREFTIFTEMPLETONASIANGRWFDGTI5496 | 32,276,393 | Domesticallylistedforeignstock | 32,276,393 |
| NORGESBANK | 2,802,863 | Domesticallylistedforeignstock | 2,802,863 |
| ChinaMerchantsSecurities(HK)Co.,Ltd. | 2,580,267 | Domesticallylistedforeignstock | 2,580,267 |
| MaiShuqing | 2,376,747 | RMB-denominatedordinarystock | 2,376,747 |
| ShenHuailing | 1,519,849 | Domesticallylistedforeignstock | 1,519,849 |
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | 1,326,082 | Domesticallylistedforeignstock | 1,326,082 |
| ChenZehong | 1,240,000 | RMB-denominatedordinarystock | 1,240,000 |
| IndustrialandCommercialBankofChina-FullgoalChinaSecuritiesDividendIndexEnhancedSecuritiesInvestmentFund | 1,128,901 | RMB-denominatedordinarystock | 1,128,901 |
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | ChinaMerchantsGangtongDevelopment(Shenzhen)Co.,Ltd.isawholly-ownedsubsidiaryofBroadfordGlobalLimited,andBroadfordGlobalLimitedisthecontrollingshareholderofChinaMerchantsInvestmentDevelopmentCompanyLimited.TheCompanydoesnotknowwhethertheotherunrestrictedshareholdersarerelatedpartiesornot. | ||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A | ||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesfortheReportingPeriod.
2.NumberofPreferredShareholdersandShareholdingsofTop10ofThem
□Applicable√Notapplicable
PartIIISignificantEvents
IChangesinMajorAccountingDataandFinancialIndicatorsfortheReportingPeriod，AsWellAsReasonsforSuchChanges
√Applicable□Notapplicable
| Item | 30September2019 | 1January2019 | Change(%) | Explanationofchanges |
| Notesreceivable | 183,280,331.85 | 11,608,669.43 | 1478.82% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyear |
| Accountsreceivable | 2,000,684,891.11 | 1,109,230,503.08 | 80.37% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyear |
| Othercurrentassets | 256,563,223.61 | 1,195,421,189.12 | -78.54% | RecoveryofshareholderloansprovidedforDjiboutiAssetCompanyinthisyear |
| Investmentsinotherequityinstruments | 576,268,518.53 | 247,848,314.30 | 132.51% | AnnewinvestmentinLacAssalinthisyear |
| Right-of-useassets | 7,800,820,483.13 | 6,549,564,031.55 | 19.10% | TheexecutionofnewstandardsgoverningleasesinthisyearandtheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyear |
| Fixedassets | 25,876,417,875.48 | 17,477,797,429.30 | 48.05% | ComprehensivelyinfluencedbytheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyearandnewstandardsgoverningleases |
| Othernon-currentassets | 2,090,965,196.70 | 395,191,485.98 | 429.10% | ComprehensivelyinfluencedbytheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyearandreclassificationofthelandtobereplacedlocatedinQianhaiwan |
| Short-termborrowings | 9,508,679,077.29 | 3,427,365,512.21 | 177.43% | ComprehensivelyinfluencedbytheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyearandincreaseinshort-termborrowingsoutofoperatingcapitals. |
| Taxespayable | 1,589,840,943.85 | 345,183,422.42 | 360.58% | RecognitionoftaxesinrelationtolandintegrationandreorganizationinQianhaiinthisyear |
| Dividendspayable | 601,041,503.21 | 66,052,207.09 | 809.95% | Accrualof2019interimdividendsfornon-controllinginterestsbythemainsubsidiaryCMPortHoldingsinthisyear |
| Currentportionofnon-currentliabilities | 5,331,155,487.58 | 2,903,320,877.97 | 83.62% | ComprehensivelyinfluencedbytheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyearandreclassification |
| ofbondspayableduewithinoneyear. | ||||
| Othercurrentliabilities | 1,462,750,847.15 | 602,659,721.80 | 142.72% | IssueofSCPinthisyearandtheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyear |
| Leasingliabilities | 1,703,624,315.56 | 1,020,239,824.73 | 66.98% | TheexecutionofnewstandardsgoverningleasesinthisyearandtheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyear |
| Deferredincome | 1,472,709,970.09 | 228,658,214.64 | 544.07% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyearandagovernmentsubsidyforthewesternchannelinthecurrentyear |
| Deferredincometaxliabilities | 3,908,205,769.54 | 2,911,074,941.27 | 34.25% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthisyearandwithholdingincometaxfromdividendsinthisyear |
| Item | Q1~Q32019 | Q1~Q32018 | Change(%) | Explanationofchanges |
| Costofsales | 5,578,083,009.08 | 4,083,642,812.31 | 36.60% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthecurrentperiod,andtheinclusionofTCPasanewentityintheconsolidationfinancialstatementsinFebruary2018 |
| Administrativeexpense | 996,281,408.36 | 727,114,780.51 | 37.02% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthecurrentperiod,andtheinclusionofTCPasanewentityintheconsolidationfinancialstatementsinFebruary2018 |
| Investmentincome | 3,437,560,891.43 | 2,334,080,699.12 | 47.28% | TheCompanytookcontrolofZhanjiangPortinthecurrentperiod,andreturnoninvestmentwasrecognizedandmeasuredonthelong-termequityinvestmentinZhanjiangPortformerlyatfairvalue |
| Gainonchangesinfairvalue | 278,440,925.78 | -682,729,854.10 | 140.78% | Increaseinnetgainsonfairvalueoftradingfinancialassetsheld |
| Assetdisposalincome | 4,171,684,760.29 | -3,636,782.41 | 114808.12% | CompensationincomefromlandwithinthescopeoflandintegrationandreorganizationinQianhai |
| Incometaxexpense | 2,167,283,540.59 | 560,348,680.84 | 286.77% | Incometaxgeneratedfromthenewlandcompensationclaims |
| Item | Q1~Q32019 | Q1~Q32018 | Change(%) | Explanationofchanges |
| Cashreceivedfromotheroperatingactivities | 826,743,586.32 | 505,434,007.65 | 63.57% | Agovernmentsubsidyforthewesternchannelinthecurrentyear |
| Paymentsforcommoditiesandservices | 2,607,802,429.06 | 1,938,269,025.06 | 34.54% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthecurrent |
| period,andtheinclusionofTCPasanewentityintheconsolidationfinancialstatementsinFebruary2018 | ||||
| Cashpaidtoandforemployees | 1,884,322,010.85 | 1,299,781,660.28 | 44.97% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthecurrentperiod,andtheinclusionofTCPasanewentityintheconsolidationfinancialstatementsinFebruary2018 |
| Taxespaid | 697,239,343.97 | 508,671,731.22 | 37.07% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthecurrentperiod,andtheinclusionofTCPasanewentityintheconsolidationfinancialstatementsinFebruary2018 |
| Returnoninvestment | 1,409,672,809.32 | 460,620,212.63 | 206.04% | DifferenceintimesfordividendofSIPGintwoyears |
| Cashreceivedfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 6,135,808,673.12 | 8,214,912.89 | 74591.10% | CompensationincomefromlandwithinthescopeoflandintegrationandreorganizationinQianhai |
| Cashreceivedfromotherinvestingactivities | 4,062,782,125.98 | 121,000,000.00 | 3257.67% | Comprehensivelyinfluencedbyrecoveryofprincipalofstructureddeposits,byrecoveryofaborrowingbyshareholdersandtheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthecurrentperiod |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 2,451,110,448.40 | 1,647,474,893.85 | 48.78% | TheinclusionofZhanjiangPortasanewentityintotheconsolidatedfinancialstatementsofthecurrentperiod,andtheinclusionofTCPasanewentityintheconsolidationfinancialstatementsinFebruary2018 |
| Paymentsforinvestments | 7,828,684,852.29 | 3,558,918,904.65 | 119.97% | PaymentsforcapitalincreaseinCMQianhaiIndustrialinthisyear |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | - | 9,317,382,826.55 | -100.00% | PaymentsforprojectsofTCPandHIPGlastyear |
| Cashpaidinotherinvestingactivities | 1,303,951,129.78 | 25,463,390.79 | 5020.89% | Thepurchaseofstructureddepositsnotrepaidondemandinthisyear |
| Borrowingsobtained | 12,838,230,272.62 | 30,277,177,842.54 | -57.60% | Decreaseinborrowingsobtainedinthisyear |
IIProgress,InfluenceandSolutionswithregardtoSignificantEvents
√Applicable□Notapplicable
1.IndextoInformationDisclosureInthereportingperiod,theCompanydisclosedthefollowingsignificanteventsonSecuritiesTimes,TaKungPaoandhttp://www.cninfo.com.cn:
| No. | AnnouncementNo. | Date | Title |
| 1 | 2019-054 | 3July2019 | AnnouncementonImplementationofEquityAssignationof2018 |
| 2 | 2019-055 | 11July2019 | AnnouncementonSemi-annualPerformanceEstimationof2019 |
| 3 | 2019-056 | 16July2019 | AnnouncementonVoluntaryDisclosureoftheBusinessVolumeDataofJune2019 |
| 4 | 2019-057 | 16August2019 | AnnouncementonVoluntaryDisclosureoftheBusinessVolumeDataofJuly2019 |
| 5 | 2019-058 | 16August2019 | AnnouncementonResignationofSecuritiesAffairsRepresentative |
| 6 | 2019-059 | 30August2019 | AnnouncementonVoluntaryDisclosureofSigningtheStrategicCooperationFrameAgreement |
| 7 | 2019-060 | 31August2019 | AnnouncementontheResolutionsofthe6thMeetingofthe9thBoardofDirectors |
| 8 | 2019-061 | 31August2019 | AnnouncementontheResolutionsofthe6thMeetingofthe9thSupervisoryCommittee |
| 9 | 2019-062 | 31August2019 | AbstractofInterimReportof2019 |
| 2019-062 | 31August2019 | AbstractofInterimReportof2019(Englishversion) | |
| 10 | 2019-063 | 31August2019 | AnnouncementonChangesinAccountingPolicies |
| 11 | 2019-064 | 31August2019 | AnnouncementonIssuingtheInterimResultsofControlledSubsidiariesin2019 |
| 12 | 2019-065 | 31August2019 | AnnouncementonOnlineInvestorSeminarofSemi-annualPerformancein2019andParticipatinginaUnifiedInvestorDayfortheListedCompaniesof2019inShenzhen |
| 13 | 2019-066 | 7September2019 | AnnouncementonResolutionsofthe8thExtraordinaryMeetingof9thBoardofDirectorsin2019 |
| 14 | 2019-067 | 7September2019 | AnnouncementonProvidingFinancialAidandConnectedtransactiontoHoldingSubsidiaries |
| 15 | 2019-068 | 16September2019 | AnnouncementonVoluntaryDisclosureoftheBusinessVolumeDataofAugust2019 |
Progressofanysharerepurchase:
□Applicable√NotapplicableProgressofanyreductionoftherepurchasedsharesthroughcentralizedbidding:
□Applicable√Notapplicable
IIICommitmentsthattheCompany’sActualController,Shareholders,RelatedParties,Acquirers,theCompanyItselforOtherParties,FailedtoFulfillonTimeduringtheReportingPeriodNosuchcasesintheReportingPeriod.IVOperatingPerformanceForecastfor2019
Warningofaforecastlossonoraforecastsignificantyear-on-yearchangeinthenetprofitmadeduringtheperiodfromthebeginningoftheyeartotheendofthenextreportingperiod,aswellasexplanationofwhy:
□Applicable√NotapplicableVSecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
| Varietyofsecurities | Codeofsecurities | Nameofsecurities | Initialinvestmentcost | Accountingmeasurementmodel | Beginningcarryingvalue | Gain/lossonfairvaluechangesintheReportingPeriod | Cumulativefairvaluechangesrecordedintoequity | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Gain/lossintheReportingPeriod | Endingcarryingvalue | Accountingitem | Fundingresources |
| Stock | 601018 | NingboPort | 592,183,095.14 | Fairvaluemethod | 1,361,414,474.58 | 114,517,739.90 | - | 0.00 | 0.00 | 38,672,165.11 | 1,520,382,032.52 | Tradingfinancialassets | Self-owned |
| Stock | 06198 | QingdaoPort | 124,405,138.80 | Fairvaluemethod | 190,401,046.01 | -16,959,420.50 | - | 0.00 | 0.00 | 15,697,928.28 | 178,625,688.00 | Tradingfinancialassets | Self-owned |
| Stock | 601298 | QingdaoPort | 331,404,250.30 | Fairvaluemethod | 413,280,000.00 | 253,120,000.00 | - | 0.00 | 0.00 | 42,526,400.00 | 666,400,000.00 | Tradingfinancialassets | Self-owned |
| Stock | 600377 | NinghuExpressway | 1,120,000.00 | Fairvaluemethod | 9,800,000.00 | - | 442,500.00 | 0.00 | 0.00 | 460,000.00 | 10,390,000.00 | Investmentsinotherequityinstruments | Self-owned |
| Stock | 400032 | PetrochemicalA1 | 3,500,000.00 | Fairvaluemethod | 382,200.00 | - | - | 0.00 | 0.00 | - | 382,200.00 | Investmentsinotherequityinstruments | Self-owned |
| Stock | 400009 | GuangJian1 | 27,500.00 | Fairvaluemethod | 17,000.00 | - | - | 0.00 | 0.00 | - | 17,000.00 | Investmentsinother | Self-owned |
| equityinstruments | |||||||||||
| Otherinvestmentsecuritiesattheperiod-end | - | -- | - | - | - | - | - | - | - | -- | -- |
| Total | 1,052,639,984.24 | -- | 1,975,294,720.59 | 350,678,319.40 | 442,500.00 | 0.00 | 0.00 | 97,356,493.39 | 2,376,196,920.52 | -- | -- |
VIWealthManagementEntrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIIInvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
| Date | Wayofcommunication | Typeofcommunicationparty | Indextomaininformationcommunicated |
| 1July2019to30September2019 | Byphone/writteninquiry | Individual | Maininquiry:basicbusinesscondition,investmentsandfinancialconditionoftheCompany;Materialsprovided:brochureoftheCompany;Index:SZSEEasyIR(http://irm.cninfo.com.cn/ssessgs/S001872/index.html) |
| 5September2019 | MeetinginInvestmentBank | Institution | |
| 25September2019 | Byone-on-onemeeting | Institution | |
| Timesofcommunications | 25 | ||
| Numberofinstitutionscommunicatedwith | 2 | ||
| Numberofindividualscommunicatedwith | 23 | ||
| Numberofothercommunicationparties | 0 | ||
| Tip-offsorleakagesofsubstantialconfidentialinformationduringthecommunications | No | ||
IXIrregularitiesintheProvisionofGuarantees
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
XOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
XIProgressMadeonInternalControlThefocusesofriskcontrolforQ32019areasfollows:
1.EstablishmentandEvaluationofInternalControlSystem
(1)EstablishmentofinternalcontrolsystemInQ32019,theCompanyissuedtheRulesforAuditCommitteeundertheBoardofDirectorsofChinaMerchantsPortGroupCo.,Ltd.,amongothers,improveditsmanagementlevelcontrolandcompliancerequirementsfortheCompanyandfinishedthefirstdraftoftheeighteen-business-processinvolvedinthemanagementoftheheadquartersoftheCompany.Currently,theCompanyisseekingforopinionsonthesaidfirstdraftfromalldepartmentsandplanstopublishitattheendoftheyear.
(2)CarryingouttheestablishmentandevaluationofinternalcontrolsystemonaregularbasisInQ32019,allunitsconductedsystemcardingandself-evaluationbysamplingregardinginternalcontrolpursuanttotheannualinternalcontrolsystemestablishmentandevaluationworkprogram.TheCompany’sworkgroupofriskcontrolreexaminedallunits’workingpapersregardinginternalcontrolandreportedproblemsinriskcontrolfortheQ22019soastocontinuouslypromoteallunits’internalcontrolsystemestablishmentandevaluationmoreregulated.Asofnow,theCompanyanditssubsidiariescompletedtheamendmentsto129systems,increased109systemsandfound38defectsofinternalcontrolamongwhich35havebeenrectified.Forthethreedefectsnotrectified,therectificationplanhasbeenformulated.
(3)PoppinguponlineoftheriskcontrolinformationsystemplatformInaccordancewiththeworkprogramofriskcontrolinformationsystem,theheadquartersoftheCompanycompletedtheentryofinitialdataincludingtheriskdatabase,progresssystem,self-evaluationpapers,internalcontroldefectsandriskissues.Moreover,theCompanyalsoputforwardadvicesaboutoptimizingtheriskcontrolinformationplatformandfeedbacks,whichprovidedstrongsupportsfortheformalpoppinguponlineofthe
systemattheendoftheyear.
2.RiskManagement
(1)Majorrisksfor2019weremonitoredAccordingtothedivisionofriskresponsibilityandfixedriskmanagementstrategies(solutions),combinedtheriskmattersandannualemphasisoftheCompanytogether,trackedandmonitoredthetoptenrisksfor2019timely,nosignificantriskmatterwasoccurredinthethirdquarteroftheCompany.
(2)Thetoptenrisksassessmentof2020wascarriedout.Theunitsincludedintheriskmanagementsystemshallcarryoutthetoptenrisksassessmentof2020.Basedonthetoptenriskslistformedthroughthecompletionofthetoptenrisksselectionineveryunitrespectively,ChinaMerchantsPortGroupCo.,Ltd.gavescoresintworoundsthroughorganizingtheleadersoftheCompany,alldepartmentsinheadquartersandmanagementlayerinsubsidiaries,andselectedtherisksrankingtoptenof2020.TheCompanycompletedthedivisionofresponsibilityandhasdrawnthemanagementstrategiesandmeasuresforriskmatters.
(3)SpecificpreventionandcontrolforrisksAsforthethirdquarterof2019,underscoringthespecificpreventionandcontrolandinvestigationofrisksmatters,theCompanytrackeddynamicrisksofsixinnovation-typeinvestmentprojectsandcontroltheriskexposurestrictly;andinvestigatedtheheadquartersofportsandfinancingtradingbusinessofallmanagementandcontrolenterprises,whichthereisnofinancingtradingbusinessyet.
(4)ConstructionofriskmanagementtoolsAccordingtotheworkplan,theworkprogramofriskpreferencedegreeandtolerancewasimplemented,andtherisklimitationindex(includingsixbusinesssectors,suchasmarket,credit,management,operation,debtpayingabilityandinvestment,and15specificindexes)wasfurtherformulated.FromtwodimensionsbetweenindexconformingtotheCompany’sactualoperationandindexabletoputintooperation(theindexassessisunifiedwiththeexistingsystemassess),theinternalcontrolauditdepartment,financemanagementdepartmentandoperationmanagementdepartmenthavemadethesecond-rounddiscussionandcommunication,andthequotaindexofriskpreferencedegreeofChinaMerchantsPortGroupCo.,Ltd.(firstdraft)wastakenshape,furtherimprovingtheconstructionofriskmanagementandcontrolinadvanceoftheCompany.
XIIDepositsinandLoansProvidedbyaFinanceCompany
TheProposalonSigningFinancialServiceAgreementwithSinotrans&CSCFinanceCo.,Ltd.wasreviewedandapprovedonthe2
ndMeetingofthe9
th
BoardofDirectorsheldbytheCompanyon23August2017,inwhich,theCompanywasagreedtosignedtheFinancialServiceAgreementwithSinotrans&CSCFinanceCo.,Ltd.(renamedChinaMerchantsGroupFinanceCo.,Ltd.fromAugust2017)withtheperiodofthreeyears.TheProposalonAdjustingLimitofDepositsandLoansandSigningSupplementaryAgreementtoFinancialServiceAgreementwithChinaMerchantsGroupFinanceCo.,LtdandtheRelated-partyTransactionswasreviewedandapprovedonthe5
thMeetingofthe9
th
BoardofDirectorsheldbytheCompanyon28March2019,inwhich,theCompanywasagreedtosignedSupplementaryAgreementtoFinancialServiceAgreementwithChinaMerchantsGroupFinanceCo.,Ltd.AttheendoftheReportingPeriod,depositsinandloansprovidedbyChinaMerchantsGroupFinanceCo.,Ltd.wereasfollows:
Unit:RMB’0,000
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| I.DepositsinChinaMerchantsGroupFinanceCo.,Ltd. | 49,413.12 | 610,048.94 | 608,092.64 | 51,369.41 |
| II.LoansprovidedbyChinaMerchantsGroupFinanceCo.,Ltd. | 77,500.00 | 129,248.39 | 125,800.00 | 80,948.39 |
XIIIExplainChangeoftheAccountingPolicy,AccountingEstimateandMeasurementMethodsasComparedwiththeFinancialReportingofLastYearTheAccountingStandardsforBusinessEnterprisesNo.21–Lease(hereinafterreferredtoas“Newleasestandard”)revisedandissuedbyMinistryofFinanceon7December2018requiredthatenterpriseslistedbothdomesticallyandoverseasandenterpriseslistedoverseaswhopreparethefinancialstatementsbyInternationalFinancialReportingStandardsorAccountingStandardsforBusinessEnterprisesshallimplementitform1January2019,andotherenterprisesimplementingtheAccountingStandardsforBusinessEnterprisesshallimplementitfrom1January2021.AccordingtotherequirementsofMinistryofFinance,enterpriseswhosesubsidiariesarelistedoverseasandpreparethefinancialstatementsbyInternationalFinancialReportingStandardsorAccountingStandardsforBusinessEnterprisescanimplementthenewleasestandardinadvance.TheCompany,inaccordancewiththerequirementsofMinistryofFinance,implementedthenewleasestandardfrom1January2019.Fordetails,seeAnnouncementonChangesinAccountingPolicies(AnnouncementNo.:
2019-031)publishedbytheCompanyonhttp://www.cninfo.com.cndated30March2019.Accordingtothe
regulationsofthenewstandards,theCompanydidnotadjusttheinformationduringcomparativeperiod,executedtheaccumulativeinfluencenumberofthestandardforthefirsttime,andadjustedthebeginningretainedearningsandtheamountofotherrelateditemsinfinancialstatements.On30April2019,MinistryofFinancerevisedandissuedtheFormatofFinancialStatementsofGeneralEnterprisesin2019withpartialadjustmenttotheformatofthefinancialstatements.ThealternationofformatofthefinancialstatementsoftheCompanywasexecutedintheinterimreportof2019.Fordetails,seetheAnnouncementonChangesinAccountingPolicies(AnnouncementNo.:2019-063)publishedbytheCompanyonhttp://www.cninfo.com.cndated31August2019.On19September2019,MinistryofFinancerevisedandissuedtheFormatofConsolidatedFinancialStatements(2019edition)withpartialadjustmenttotheformatofthefinancialstatementsbasedontheFormatofFinancialStatementsofGeneralEnterprisesin2019andFormatofFinancialStatementsofFinancialEnterprisesin2018.ThealternationofformatofthefinancialstatementsoftheCompanywasexecutedinthereportforthethirdquarteron30September2019.Fordetails,seetheAnnouncementonChangesinAccountingPolicies(AnnouncementNo.:2019-076)publishedbytheCompanyonhttp://www.cninfo.com.cndated31October2019.
PartIVFinancialStatementsIFinancialStatements
1.ConsolidatedBalanceSheet
Unit:RMB
| Item | 30September2019 | 31December2018(restated) |
| Currentassets: | ||
| Cashandbankbalances | 7,570,300,546.84 | 7,077,396,895.72 |
| Notesreceivable | 183,280,331.85 | 11,608,669.43 |
| Accountsreceivable | 2,000,684,891.11 | 1,109,230,503.08 |
| Prepayments | 114,094,741.55 | 124,404,862.87 |
| Otherreceivables | 861,375,359.75 | 766,518,078.72 |
| Including:Dividendsreceivable | 294,284,140.79 | 259,804,145.16 |
| Inventories | 177,571,554.18 | 108,567,270.02 |
| Assetsclassifiedasheldforsale | 115,356,162.94 | 115,356,162.94 |
| Currentportionofnon-currentassets | 880,016,146.03 | 25,952,956.76 |
| Othercurrentassets | 256,563,223.61 | 1,195,421,189.12 |
| Totalcurrentassets | 12,159,242,957.86 | 10,534,456,588.66 |
| Non-currentassets: | ||
| Long-termreceivables | 990,395,940.04 | 793,046,240.11 |
| Long-termequityinvestments | 57,121,941,857.95 | 50,176,577,263.40 |
| Investmentsinotherequityinstruments | 576,268,518.53 | 247,848,314.30 |
| Othernon-currentfinancialassets | 2,384,841,199.32 | 2,087,872,081.94 |
| Investmentproperty | 5,812,827,368.38 | 5,890,146,989.51 |
| Fixedassets | 25,876,417,875.48 | 22,994,190,880.43 |
| Constructioninprogress | 7,341,547,179.03 | 5,499,426,090.06 |
| Engineeringmaterial | 15,937,900.47 | - |
| Right-of-useassets | 7,800,820,483.13 | |
| Intangibleassets | 22,056,504,382.35 | 20,761,018,044.54 |
| R&Dexpense | 19,805,798.67 | - |
| Goodwill | 8,030,512,615.98 | 8,335,895,842.35 |
| Long-termprepaidexpense | 250,832,615.65 | 235,706,437.21 |
| Deferredincometaxassets | 104,354,515.71 | 66,708,157.19 |
| Othernon-currentassets | 2,090,965,196.70 | 395,191,485.98 |
| Totalnon-currentassets | 140,473,973,447.39 | 117,483,627,827.02 |
| Totalassets | 152,633,216,405.25 | 128,018,084,415.68 |
| Item | 30September2019 | 31December2018(restated) |
| Currentliabilities: | ||
| Short-termborrowings | 9,508,679,077.29 | 3,427,365,512.21 |
| Notespayable | 26,960,775.03 | - |
| Accountspayable | 473,848,698.02 | 429,120,690.97 |
| Receiptsinadvance | 25,702,237.90 | 29,170,709.86 |
| Contractualliabilities | 214,370,909.35 | 49,993,895.50 |
| Employeebenefitspayable | 624,724,714.81 | 433,489,555.40 |
| Taxespayable | 1,589,840,943.85 | 345,183,422.42 |
| Otherpayables | 2,445,068,275.38 | 1,690,124,901.29 |
| Including:Dividendspayable | 601,041,503.21 | 66,052,207.09 |
| Non-currentliabilitiesduewithoneyear | 5,331,155,487.58 | 2,903,320,877.97 |
| Othercurrentliabilities | 1,462,750,847.15 | 602,659,721.80 |
| Totalcurrentliabilities | 21,703,101,966.36 | 9,910,429,287.42 |
| Non-currentliabilities: | ||
| Long-termborrowings | 7,561,578,571.50 | 6,971,479,842.18 |
| Bondspayable | 21,158,771,697.12 | 22,097,467,096.40 |
| Leaseliabilities | 1,703,624,315.56 | |
| Long-termpayables | 1,294,397,897.63 | 1,294,190,118.18 |
| Long-termpayrollpayable | 723,418,097.82 | 375,325,127.65 |
| Provisions | 65,541,678.61 | 34,951,392.27 |
| Deferredincome | 1,472,709,970.09 | 228,658,214.64 |
| Deferredincometaxliabilities | 3,908,205,769.54 | 2,911,074,941.27 |
| Othernon-currentliabilities | 3,764,284,123.53 | 3,777,582,522.86 |
| Totalnon-currentliabilities | 41,652,532,121.40 | 37,690,729,255.45 |
| Totalliabilities | 63,355,634,087.76 | 47,601,158,542.87 |
| Owners’equity: | ||
| Sharecapital | 1,793,412,378.00 | 1,793,412,378.00 |
| Capitalreserves | 19,855,375,587.87 | 19,426,912,957.05 |
| Othercomprehensiveincome | -336,867,814.35 | 88,925,978.57 |
| Specialreserves | 23,183,673.64 | 8,231,080.43 |
| Surplusreserves | 527,175,908.67 | 527,175,908.67 |
| Retainedearnings | 11,143,782,395.82 | 8,915,817,110.21 |
| Totalequityattributabletoparentcompanyshareholders’ | 33,006,062,129.65 | 30,760,475,412.93 |
| Minorityinterests | 56,271,520,187.84 | 49,656,450,459.88 |
| Totalshareholders’equity | 89,277,582,317.49 | 80,416,925,872.81 |
| Totalliabilitiesandowners’equity | 152,633,216,405.25 | 128,018,084,415.68 |
ThefinancialstatementsfromPage17toPage28havebeensignedby:
Legalrepresentative:BaiJingtaoChiefFinancialOfficer:WenLingPerson-in-chargeoftheaccountingorgan:SunLigan
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30September2019 | 31December2018(restated) |
| Currentassets: | ||
| Cashandbankbalances | 192,908,139.78 | 389,841,854.93 |
| Accountsreceivable | - | 23,444,175.65 |
| Otherreceivables | 483,802,383.93 | 651,050,233.08 |
| Including:Dividendsreceivable | 207,259,421.40 | 329,153,465.70 |
| Inventories | - | 165,553.46 |
| Othercurrentassets | 1,305,257.21 | 1,563,111.61 |
| Totalcurrentassets | 678,015,780.92 | 1,066,064,928.73 |
| Non-currentassets: | ||
| Long-termreceivables | 61,004,284.75 | 11,004,284.75 |
| Long-termequityinvestments | 29,604,604,658.12 | 28,544,261,576.96 |
| Investmentsinotherequityinstruments | 527,671,090.00 | 151,746,700.00 |
| Investmentproperty | - | 12,685,959.06 |
| Fixedassets | 720,454.10 | 190,804,655.63 |
| Constructioninprogress | - | 2,500,843.87 |
| Intangibleassets | 55,298,062.81 | 57,755,603.44 |
| Long-termprepaidexpense | - | 3,785,801.32 |
| Totalnon-currentassets | 30,249,298,549.78 | 28,974,545,425.03 |
| Totalassets | 30,927,314,330.70 | 30,040,610,353.76 |
| Currentliabilities: | ||
| Short-termborrowings | - | 377,716,000.00 |
| Accountspayable | - | 13,125,624.29 |
| Contractualliabilities | - | 92,003.00 |
| Employeebenefitspayable | - | 26,605,190.52 |
| Taxespayable | 145,016,113.63 | 18,826,587.50 |
| Otherpayables | 592,711,718.01 | 717,536,924.18 |
| Including:Dividendspayable | 197,739,983.93 | 37,608,540.65 |
| Non-currentliabilitiesduewithoneyear | 344,721,753.45 | 299,531,506.81 |
| Othercurrentliabilities | 1,009,776,712.33 | 200,000,000.00 |
| Totalcurrentliabilities | 2,092,226,297.42 | 1,653,433,836.30 |
| Item | 30September2019 | 31December2018(restated) |
| Non-currentliabilities: | ||
| Long-termpayables | - | 151,710,000.00 |
| Deferredincometaxliabilities | 34,326,875.00 | 34,179,375.00 |
| Totalnon-currentliabilities | 34,326,875.00 | 185,889,375.00 |
| Totalliabilities | 2,126,553,172.42 | 1,839,323,211.30 |
| Owners’equity: | ||
| Sharecapital | 1,793,412,378.00 | 1,793,412,378.00 |
| Capitalreserves | 25,517,679,153.52 | 25,517,647,180.04 |
| Othercomprehensiveincome | 103,080,625.00 | 102,638,125.00 |
| Specialreserves | 300,328.61 | 470,465.59 |
| Surplusreserves | 527,175,908.67 | 527,175,908.67 |
| Retainedearnings | 859,112,764.48 | 259,943,085.16 |
| Totalshareholders’equity | 28,800,761,158.28 | 28,201,287,142.46 |
| Totalliabilitiesandowners’equity | 30,927,314,330.70 | 30,040,610,353.76 |
3.ConsolidatedIncomeStatementforQ3
Unit:RMB
| Item | Q32019 | Q32018 |
| 1.Revenue | 3,178,406,039.64 | 2,589,330,353.39 |
| Including:Operatingrevenue | 3,178,406,039.64 | 2,589,330,353.39 |
| 2.Costsandexpenses | 3,027,193,739.93 | 2,252,237,596.22 |
| Including:Costofsales | 1,970,062,313.17 | 1,469,181,593.93 |
| Taxesandsurcharges | 36,181,418.94 | 61,078,941.92 |
| Administrativeexpense | 349,036,690.00 | 229,694,042.28 |
| R&Dexpense | 32,360,952.71 | 25,511,552.02 |
| Financecosts | 639,552,365.11 | 466,771,466.07 |
| Including:Interestexpense | 537,231,578.17 | 446,929,334.02 |
| Interestincome | 66,340,293.70 | 82,025,472.89 |
| Add:Otherincome | 40,977,175.67 | 3,919,675.91 |
| Returnoninvestment(“-”forloss) | 812,511,406.87 | 797,780,466.05 |
| Including:Shareofprofitorlossofjointventuresandassociates | 800,883,928.29 | 783,255,125.89 |
| Gainonchangesinfairvalue(“-”forloss) | -365,186,387.23 | -211,390,461.27 |
| Creditimpairmentloss(“-”forloss) | -300,605.98 | 1,026,232.21 |
| Assetimpairmentloss(“-”forloss) | 96,054.00 | 344,445.40 |
| Assetdisposalincome(“-”forloss) | 1,827,593.76 | -14,115,664.40 |
| 3.Operatingprofit(“-”forloss) | 641,137,536.80 | 914,657,451.07 |
| Add:Non-operatingincome | 7,715,394.72 | 12,017,193.20 |
| Less:Non-operatingexpense | 9,154,852.76 | 54,161,889.78 |
| 4.Totalprofit(“-”forloss) | 639,698,078.76 | 872,512,754.49 |
| Less:Incometaxexpense | 149,312,790.43 | 183,848,659.57 |
| 5.Netprofit(“-”fornetloss) | 490,385,288.33 | 688,664,094.92 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 490,385,288.33 | 688,664,094.92 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | - | - |
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 171,091,424.23 | 276,846,536.50 |
| 5.2.2Netprofitattributabletominorityinterests | 319,293,864.10 | 411,817,558.42 |
| 6.Othercomprehensiveincome,netoftax | -226,046,371.51 | 230,262,503.84 |
| AttributabletoownersoftheCompanyastheparent | -93,181,249.64 | -291,146,836.69 |
| Item | Q32019 | Q32018 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -138,951.49 | 210,986.32 |
| 6.1.1Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | 123,548.51 | - |
| 6.1.2Changesinthefairvalueofinvestmentsinotherequityinstruments | -262,500.00 | 210,986.32 |
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -93,042,298.15 | -291,357,823.01 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | -14,204,312.79 | 4,289,906.88 |
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | - | 14,759.46 |
| 6.2.3Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -78,837,985.36 | -295,662,489.35 |
| Attributabletonon-controllinginterests | -132,865,121.87 | 521,409,340.53 |
| 7.Totalcomprehensiveincome | 264,338,916.82 | 918,926,598.76 |
| AttributabletoownersoftheCompanyastheparent | 77,910,174.59 | -14,300,300.19 |
| Attributabletominorityinterests | 186,428,742.23 | 933,226,898.95 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.095 | 0.154 |
| 8.2Dilutedearningspershare | 0.095 | 0.154 |
4.IncomeStatementoftheCompanyastheParentforQ3
Unit:RMB
| Item | Q32019 | Q32018 |
| 1.Operatingrevenue | 2,255,597.58 | 64,302,993.32 |
| Less:Costofsales | 3,935,675.51 | 37,535,635.06 |
| Taxesandsurcharges | 250,040.88 | 677,409.72 |
| Administrativeexpense | 4,351,326.63 | 17,624,077.09 |
| R&Dexpense | - | 176,574.54 |
| Financecosts | 9,001,535.76 | 14,549,332.38 |
| Including:Interestexpense | 9,942,358.24 | 10,699,557.51 |
| Interestincome | 3,565,984.24 | 4,258,772.27 |
| Add:Otherincome | 67,712.05 | - |
| Returnoninvestment(“-”forloss) | 25,630,162.05 | 8,731,799.29 |
| Including:Shareofprofitorlossofjointventuresandassociates | 14,807,577.05 | 8,291,799.29 |
| Assetdisposalincome(“-”forloss) | 502,371.58 | -223,673.61 |
| 2.Operatingprofit(“-”forloss) | 10,917,264.47 | 2,248,090.21 |
| Add:Non-operatingincome | 0.10 | 281,382.11 |
| Less:Non-operatingexpense | 13,063.89 | 83,085.02 |
| 3.Totalprofit(“-”forloss) | 10,904,200.68 | 2,446,387.30 |
| Less:Incometaxexpense | -3,681,490.33 | - |
| 4.Netprofit(“-”fornetloss) | 14,585,691.01 | 2,446,387.30 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 14,585,691.01 | 2,446,387.30 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | - | - |
| 5.Othercomprehensiveincome,netoftax | -262,500.00 | 7,500.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -262,500.00 | 7,500.00 |
| 5.1.1Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | - | - |
| 5.1.2Changesinthefairvalueofinvestmentsinotherequityinstruments | -262,500.00 | 7,500.00 |
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | - | - |
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | - | - |
| 5.2.2Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | - | - |
| 6.Totalcomprehensiveincome | 14,323,191.01 | 2,453,887.30 |
5.ConsolidatedincomestatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Revenue | 9,012,759,460.97 | 7,261,668,394.11 |
| Including:Operatingrevenue | 9,012,759,460.97 | 7,261,668,394.11 |
| 2.Operatingcostsandexpenses | 8,312,063,125.76 | 6,219,286,752.54 |
| Including:Costofsales | 5,578,083,009.08 | 4,083,642,812.31 |
| Taxesandsurcharges | 132,656,930.36 | 144,120,181.47 |
| Administrativeexpense | 996,281,408.36 | 727,114,780.51 |
| R&Dexpense | 92,379,788.00 | 73,575,367.64 |
| Financecosts | 1,512,661,989.99 | 1,190,833,610.60 |
| Including:Interestexpense | 1,575,186,876.47 | 1,158,918,040.82 |
| Interestincome | 205,694,115.16 | 192,227,447.71 |
| Add:Otherincome | 114,069,681.43 | 30,522,988.68 |
| Investmentincome(“-”forloss) | 3,437,560,891.43 | 2,334,080,699.12 |
| Including:Shareofprofitorlossofjointventuresandassociates | 2,596,836,906.37 | 2,280,857,082.51 |
| Gainonchangesinfairvalue(“-”forloss) | 278,440,925.78 | -682,729,854.10 |
| Creditimpairmentloss(“-”forloss) | 7,398,528.80 | 2,815,675.99 |
| Assetimpairmentloss(“-”forloss) | 121,105.16 | 344,445.40 |
| Assetdisposalincome(“-”forloss) | 4,171,684,760.29 | -3,636,782.41 |
| 3.Operatingprofit(“-”forloss) | 8,709,972,228.10 | 2,723,778,814.25 |
| Add:Non-operatingincome | 22,095,013.06 | 57,655,859.65 |
| Less:Non-operatingexpense | 16,661,227.05 | 77,146,226.10 |
| 4.Totalprofit(“-”forloss) | 8,715,406,014.11 | 2,704,288,447.80 |
| Less:Incometaxexpense | 2,167,283,540.59 | 560,348,680.84 |
| 5.Netprofit(“-”fornetloss) | 6,548,122,473.52 | 2,143,939,766.96 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 6,548,122,473.52 | 2,143,939,766.96 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | - | - |
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 2,470,272,754.81 | 896,884,942.15 |
| 5.2.2Netprofitattributabletominorityinterests | 4,077,849,718.71 | 1,247,054,824.81 |
| 6.Othercomprehensiveincome,netoftax | -1,142,062,566.11 | 243,716,774.54 |
| AttributabletoownersoftheCompanyastheparent | -425,793,792.72 | -283,022,884.64 |
| Item | Q1~Q32019 | Q1~Q32018 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | 15,491,398.99 | -141,513.68 |
| 6.1.1Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | 15,048,898.99 | - |
| 6.1.2Changesinthefairvalueofinvestmentsinotherequityinstruments | 442,500.00 | -141,513.68 |
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -441,285,191.71 | -282,881,370.96 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | -39,983,917.59 | 3,870,980.01 |
| 6.2.2Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -401,301,274.12 | -286,752,350.97 |
| Attributabletonon-controllinginterests | -716,268,773.39 | 526,739,659.18 |
| 7.Totalcomprehensiveincome | 5,406,059,907.41 | 2,387,656,541.50 |
| AttributabletoownersoftheCompanyastheparent | 2,044,478,962.09 | 613,862,057.51 |
| Attributabletominorityinterests | 3,361,580,945.32 | 1,773,794,483.99 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 1.377 | 0.500 |
| 8.2Dilutedearningspershare | 1.377 | 0.500 |
6.IncomeStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Operatingrevenue | 92,032,385.87 | 183,725,970.79 |
| Less:Costofsales | 76,074,166.52 | 104,439,721.38 |
| Taxesandsurcharges | 1,636,938.34 | 2,346,306.03 |
| Administrativeexpense | 41,809,584.57 | 55,287,511.43 |
| R&Dexpense | - | 176,574.54 |
| Financecosts | 37,124,831.40 | 25,943,344.61 |
| Including:Interestexpense | 32,276,680.84 | 27,074,710.19 |
| Interestincome | 10,414,141.65 | 17,169,968.62 |
| Add:Otherincome | 279,433.82 | - |
| Investmentincome(“-”forloss) | 1,012,144,142.26 | 54,148,074.29 |
| Including:Shareofprofitorlossofjointventuresandassociates | 52,654,083.88 | 45,919,099.29 |
| Assetdisposalincome(“-”forloss) | 502,371.58 | -1,157,680.60 |
| 2.Operatingprofit(“-”forloss) | 948,312,812.70 | 48,522,906.49 |
| Add:Non-operatingincome | 35,710.36 | 1,115,668.26 |
| Less:Non-operatingexpense | 81,092.18 | 202,335.13 |
| 3.Totalprofit(“-”forloss) | 948,267,430.88 | 49,436,239.62 |
| Less:Incometaxexpense | 144,323,146.24 | 395,773.33 |
| 4.Netprofit(“-”fornetloss) | 803,944,284.64 | 49,040,466.29 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 803,944,284.64 | 49,040,466.29 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | - | - |
| 5.Othercomprehensiveincome,netoftax | 442,500.00 | -577,500.00 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | 442,500.00 | -577,500.00 |
| 5.1.1Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | - | - |
| 5.1.2Changesinthefairvalueofinvestmentsinotherequityinstruments | 442,500.00 | -577,500.00 |
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | - | - |
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | - | - |
| 5.2.2Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | - | - |
| 6.Totalcomprehensiveincome | 804,386,784.64 | 48,462,966.29 |
7.ConsolidatedCashFlowStatementforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 8,883,879,809.23 | 6,907,275,967.42 |
| Receiptsoftaxrefunds | 2,983,000.88 | 6,523,416.76 |
| Cashreceivedfromotheroperatingactivities | 826,743,586.32 | 505,434,007.65 |
| Subtotalofcashgeneratedfromoperatingactivities | 9,713,606,396.43 | 7,419,233,391.83 |
| Paymentsforcommoditiesandservices | 2,607,802,429.06 | 1,938,269,025.06 |
| Cashpaidtoandonbehalfofemployees | 1,884,322,010.85 | 1,299,781,660.28 |
| Taxespaid | 697,239,343.97 | 508,671,731.22 |
| Cashpaidinotheroperatingactivities | 567,689,626.20 | 556,430,920.15 |
| Subtotalofcashusedinoperatingactivities | 5,757,053,410.08 | 4,303,153,336.71 |
| Netcashgeneratedfromoperatingactivities | 3,956,552,986.35 | 3,116,080,055.12 |
| 2.Cashflowsfrominvestingactivities: | ||
| Cashreceiptsfromdisposalsandrecoveryofinvestments | - | 200,000.00 |
| Returnoninvestment | 1,409,672,809.32 | 460,620,212.63 |
| Cashreceivedfromthedisposaloffixedassets,intangibleassetsandotherlong-termassets | 6,135,808,673.12 | 8,214,912.89 |
| Cashreceivedfromthedisposalofsubsidiariesandotherbusinessunits | 1,000,000.00 | - |
| Cashreceivedfromotherinvestingactivities | 4,062,782,125.98 | 121,000,000.00 |
| Subtotalofcashgeneratedfrominvestingactivities | 11,609,263,608.42 | 590,035,125.52 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-termassets | 2,451,110,448.40 | 1,647,474,893.85 |
| Paymentsforinvestments | 7,828,684,852.29 | 3,558,918,904.65 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | - | 9,317,382,826.55 |
| Cashpaidinotherinvestingactivities | 1,303,951,129.78 | 25,463,390.79 |
| Subtotalofcashusedininvestingactivities | 11,583,746,430.47 | 14,549,240,015.84 |
| Netcashgeneratedfrominvestingactivities | 25,517,177.95 | -13,959,204,890.32 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 27,255,000.00 | 40,100,000.00 |
| Including:Capitalcontributionsbyminorityintereststosubsidiaries | 27,255,000.00 | 40,100,000.00 |
| Borrowingsobtained | 12,838,230,272.62 | 30,277,177,842.54 |
| Cashgeneratedfromotherfinancingactivities | - | 3,879,245,683.44 |
| Subtotalofcashgeneratedfromfinancingactivities | 12,865,485,272.62 | 34,196,523,525.98 |
| Repaymentsofborrowings | 11,791,203,049.88 | 20,097,481,238.26 |
| Paymentsforinterestanddividends | 2,903,723,201.62 | 2,516,995,474.80 |
| Including:Dividendspaidbysubsidiariestominorityinterests | 1,343,615,386.61 | 694,934,596.99 |
| Cashusedinotherfinancingactivities | 281,985,995.17 | 142,123,745.90 |
| Subtotalofcashusedinfinancingactivities | 14,976,912,246.67 | 22,756,600,458.96 |
| Netcashgeneratedfromfinancingactivities | -2,111,426,974.05 | 11,439,923,067.02 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | 18,235,446.81 | -15,665,859.94 |
| 5.Netincreaseincashandcashequivalents | 1,888,878,637.06 | 581,132,371.88 |
| Add:Cashandcashequivalents,beginningoftheperiod | 5,373,281,504.75 | 7,729,460,082.75 |
| 6.Cashandcashequivalents,endoftheperiod | 7,262,160,141.81 | 8,310,592,454.63 |
8.CashFlowStatementoftheCompanyastheParentforQ1~Q3
Unit:RMB
| Item | Q1~Q32019 | Q1~Q32018 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 104,712,136.96 | 173,217,442.24 |
| Cashreceivedfromotheroperatingactivities | 7,971,877.19 | 478,013,625.50 |
| Subtotalofcashgeneratedfromoperatingactivities | 112,684,014.15 | 651,231,067.74 |
| Paymentsforcommoditiesandservices | 35,832,461.34 | 51,308,565.98 |
| Cashpaidtoandonbehalfofemployees | 81,295,085.51 | 92,735,879.63 |
| Taxespaid | 19,133,226.24 | 5,009,988.48 |
| Cashpaidinotheroperatingactivities | 278,977,499.75 | 544,437,740.05 |
| Subtotalofcashusedinoperatingactivities | 415,238,272.84 | 693,492,174.14 |
| Netcashgeneratedfromoperatingactivities | -302,554,258.69 | -42,261,106.40 |
| 2.Cashflowsfrominvestingactivities: | ||
| Returnoninvestment | 281,458,359.20 | 444,717,054.92 |
| Cashreceivedfromthedisposaloffixedassets,intangibleassetsandotherlong-termassets | - | 352,864.00 |
| Cashreceivedfromotherinvestingactivities | 228,867,355.24 | - |
| Subtotalofcashgeneratedfrominvestingactivities | 510,325,714.44 | 445,069,918.92 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-termassets | 1,916,637.68 | 8,448,540.50 |
| Paymentsforinvestments | 375,334,390.00 | - |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 18,825,000.00 | 149,709,800.00 |
| Cashpaidinotherinvestingactivities | 235,800,000.00 | - |
| Subtotalofcashusedininvestingactivities | 631,876,027.68 | 158,158,340.50 |
| Netcashgeneratedfrominvestingactivities | -121,550,313.24 | 286,911,578.42 |
| 3.Cashflowsfromfinancingactivities: | ||
| Borrowingsobtained | 1,660,000,000.00 | 764,630,000.00 |
| Subtotalofcashgeneratedfromfinancingactivities | 1,660,000,000.00 | 764,630,000.00 |
| Repaymentsofborrowings | 1,365,720,000.00 | 300,000,000.00 |
| Paymentsforinterestanddividends | 63,755,911.40 | 859,343,226.23 |
| Cashusedinotherfinancingactivities | 4,089,602.56 | 683,524.96 |
| Subtotalofcashusedinfinancingactivities | 1,433,565,513.96 | 1,160,026,751.19 |
| Netcashgeneratedfromfinancingactivities | 226,434,486.04 | -395,396,751.19 |
| 4.Effectofforeignexchangeratechangesoncashandcashequivalents | 736,370.74 | -2,127,897.82 |
| 5.Netincreaseincashandcashequivalents | -196,933,715.15 | -152,874,176.99 |
| Add:Cashandcashequivalents,beginningoftheperiod | 389,841,854.93 | 230,039,345.73 |
| 6.Cashandcashequivalents,endoftheperiod | 192,908,139.78 | 77,165,168.74 |
IIAdjustmentstotheFinancialStatements
1.AdjustmentstotheFinancialStatementsattheBeginningoftheExecutionofanyNewStandardsGoverningFinancialInstruments,RevenueorLeasesfrom2019
√Applicable□NotapplicableConsolidatedBalanceSheet
Unit:RMB
| Item | 31December2018(restated) | 1January2019 | Adjusted |
| Currentassets: | |||
| Cashandbankbalances | 7,077,396,895.72 | 7,077,396,895.72 | - |
| Notesreceivable | 11,608,669.43 | 11,608,669.43 | - |
| Accountsreceivable | 1,109,230,503.08 | 1,109,230,503.08 | - |
| Prepayments | 124,404,862.87 | 81,845,182.30 | -42,559,680.57 |
| Otherreceivables | 766,518,078.72 | 766,518,078.72 | - |
| Including:Dividendsreceivable | 259,804,145.16 | 259,804,145.16 | - |
| Inventories | 108,567,270.02 | 108,567,270.02 | - |
| Assetsclassifiedasheldforsale | 115,356,162.94 | 115,356,162.94 | - |
| Currentportionofnon-currentassets | 25,952,956.76 | 25,952,956.76 | - |
| Othercurrentassets | 1,195,421,189.12 | 1,195,421,189.12 | - |
| Totalcurrentassets | 10,534,456,588.66 | 10,491,896,908.09 | -42,559,680.57 |
| Non-currentassets: | |||
| Long-termreceivables | 793,046,240.11 | 793,046,240.11 | - |
| Long-termequityinvestments | 50,176,577,263.40 | 50,176,577,263.40 | - |
| Investmentsinotherequityinstruments | 247,848,314.30 | 247,848,314.30 | - |
| Othernon-currentfinancialassets | 2,087,872,081.94 | 2,087,872,081.94 | - |
| Investmentproperty | 5,890,146,989.51 | 5,890,146,989.51 | - |
| Fixedassets | 22,994,190,880.43 | 17,477,797,429.30 | -5,516,393,451.13 |
| Constructioninprogress | 5,499,426,090.06 | 5,499,426,090.06 | -- |
| Right-of-useassets | 6,549,564,031.55 | 6,549,564,031.55 | |
| Intangibleassets | 20,761,018,044.54 | 20,761,018,044.54 | - |
| Goodwill | 8,335,895,842.35 | 8,335,895,842.35 | - |
| Long-termprepaidexpense | 235,706,437.21 | 235,706,437.21 | - |
| Deferredincometaxassets | 66,708,157.19 | 66,708,157.19 | - |
| Othernon-currentassets | 395,191,485.98 | 395,191,485.98 | - |
| Totalnon-currentassets | 117,483,627,827.02 | 118,516,798,407.44 | 1,033,170,580.42 |
| Totalassets | 128,018,084,415.68 | 129,008,695,315.53 | 990,610,899.85 |
| Item | 31December2018(restated) | 1January2019 | Adjusted |
| Currentliabilities: | |||
| Short-termborrowings | 3,427,365,512.21 | 3,427,365,512.21 | - |
| Accountspayable | 429,120,690.97 | 429,120,690.97 | - |
| Receiptsinadvance | 29,170,709.86 | 29,170,709.86 | - |
| Contractualliabilities | 49,993,895.50 | 49,993,895.50 | - |
| Employeebenefitspayable | 433,489,555.40 | 433,489,555.40 | - |
| Taxespayable | 345,183,422.42 | 345,183,422.42 | - |
| Otherpayables | 1,690,124,901.29 | 1,690,124,901.29 | - |
| Including:Dividendspayable | 66,052,207.09 | 66,052,207.09 | - |
| Non-currentliabilitiesduewithoneyear | 2,903,320,877.97 | 3,027,360,245.85 | 124,039,367.88 |
| Othercurrentliabilities | 602,659,721.80 | 602,659,721.80 | - |
| Totalcurrentliabilities | 9,910,429,287.42 | 10,034,468,655.30 | 124,039,367.88 |
| Non-currentliabilities: | |||
| Long-termborrowings | 6,971,479,842.18 | 6,971,479,842.18 | - |
| Bondspayable | 22,097,467,096.40 | 22,097,467,096.40 | - |
| Leaseliabilities | 1,020,239,824.73 | 1,020,239,824.73 | |
| Long-termpayables | 1,294,190,118.18 | 1,252,860,200.23 | -41,329,917.95 |
| Long-termpayrollpayable | 375,325,127.65 | 375,325,127.65 | - |
| Provisions | 34,951,392.27 | 34,951,392.27 | - |
| Deferredincome | 228,658,214.64 | 228,658,214.64 | - |
| Deferredincometaxliabilities | 2,911,074,941.27 | 2,911,074,941.27 | - |
| Othernon-currentliabilities | 3,777,582,522.86 | 3,777,582,522.86 | - |
| Totalnon-currentliabilities | 37,690,729,255.45 | 38,669,639,162.23 | 978,909,906.78 |
| Totalliabilities | 47,601,158,542.87 | 48,704,107,817.53 | 1,102,949,274.66 |
| Owners’equity: | |||
| Sharecapital | 1,793,412,378.00 | 1,793,412,378.00 | - |
| Capitalreserves | 19,426,912,957.05 | 19,426,912,957.05 | - |
| Othercomprehensiveincome | 88,925,978.57 | 88,925,978.57 | - |
| Specificreserve | 8,231,080.43 | 8,231,080.43 | - |
| Surplusreserves | 527,175,908.67 | 527,175,908.67 | - |
| Retainedearnings | 8,915,817,110.21 | 8,877,958,652.78 | -37,858,457.43 |
| Totalequityattributabletoparentcompanyowners | 30,760,475,412.93 | 30,722,616,955.50 | -37,858,457.43 |
| Minorityinterests | 49,656,450,459.88 | 49,581,970,542.50 | -74,479,917.38 |
| Totalshareholders’equity | 80,416,925,872.81 | 80,304,587,498.00 | -112,338,374.81 |
| Totalliabilitiesandowners’equity | 128,018,084,415.68 | 129,008,695,315.53 | 990,610,899.85 |
BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31December2018(restated) | 1January2019 | Adjusted |
| Currentassets: | |||
| Cashandbankbalances | 389,841,854.93 | 389,841,854.93 | - |
| Accountsreceivable | 23,444,175.65 | 23,444,175.65 | - |
| Otherreceivables | 651,050,233.08 | 651,050,233.08 | - |
| Including:Dividendsreceivable | 329,153,465.70 | 329,153,465.70 | - |
| Inventories | 165,553.46 | 165,553.46 | - |
| Othercurrentassets | 1,563,111.61 | 1,563,111.61 | - |
| Totalcurrentassets | 1,066,064,928.73 | 1,066,064,928.73 | - |
| Non-currentassets: | |||
| Long-termreceivables | 11,004,284.75 | 11,004,284.75 | - |
| Long-termequityinvestments | 28,544,261,576.96 | 28,544,261,576.96 | - |
| Investmentsinotherequityinstruments | 151,746,700.00 | 151,746,700.00 | - |
| Investmentproperty | 12,685,959.06 | 12,685,959.06 | - |
| Fixedassets | 190,804,655.63 | 190,804,655.63 | - |
| Constructioninprogress | 2,500,843.87 | 2,500,843.87 | - |
| Right-of-useassets | 11,966,380.80 | 11,966,380.80 | |
| Intangibleassets | 57,755,603.44 | 57,755,603.44 | - |
| Long-termprepaidexpense | 3,785,801.32 | 3,785,801.32 | - |
| Totalnon-currentassets | 28,974,545,425.03 | 28,986,511,805.83 | 11,966,380.80 |
| Totalassets | 30,040,610,353.76 | 30,052,576,734.56 | 11,966,380.80 |
| Currentliabilities: | |||
| Short-termborrowings | 377,716,000.00 | 377,716,000.00 | - |
| Accountspayable | 13,125,624.29 | 13,125,624.29 | - |
| Contractualliabilities | 92,003.00 | 92,003.00 | - |
| Employeebenefitspayable | 26,605,190.52 | 26,605,190.52 | - |
| Taxespayable | 18,826,587.50 | 18,826,587.50 | - |
| Otherpayables | 717,536,924.18 | 717,536,924.18 | - |
| Including:Dividendspayable | 37,608,540.65 | 37,608,540.65 | - |
| Non-currentliabilitiesduewithoneyear | 299,531,506.81 | 305,454,311.08 | 5,922,804.27 |
| Othercurrentliabilities | 200,000,000.00 | 200,000,000.00 | - |
| Totalcurrentliabilities | 1,653,433,836.30 | 1,659,356,640.57 | 5,922,804.27 |
| Item | 31December2018(restated) | 1January2019 | Adjusted |
| Non-currentliabilities: | |||
| Leaseliabilities | 6,369,170.76 | 6,369,170.76 | |
| Long-termpayables | 151,710,000.00 | 151,710,000.00 | - |
| Deferredincometaxliabilities | 34,179,375.00 | 34,179,375.00 | - |
| Totalnon-currentliabilities | 185,889,375.00 | 192,258,545.76 | 6,369,170.76 |
| Totalliabilities | 1,839,323,211.30 | 1,851,615,186.33 | 12,291,975.03 |
| Owners’equity: | |||
| Sharecapital | 1,793,412,378.00 | 1,793,412,378.00 | - |
| Capitalreserves | 25,517,647,180.04 | 25,517,647,180.04 | - |
| Othercomprehensiveincome | 102,638,125.00 | 102,638,125.00 | - |
| Specialreserves | 470,465.59 | 470,465.59 | - |
| Surplusreserves | 527,175,908.67 | 527,175,908.67 | - |
| Retainedearnings | 259,943,085.16 | 259,617,490.93 | -325,594.23 |
| Totalshareholders’equity | 28,201,287,142.46 | 28,200,961,548.23 | -325,594.23 |
| Totalliabilitiesandowners’equity | 30,040,610,353.76 | 30,052,576,734.56 | 11,966,380.80 |
Noteforadjustment:
TheCompanybegantoimplementthenewleasestandards1January2019.Onthatimplementationdate,theCompanyconductedfinancialaccountingtreatmentinsituationswhereleaseliabilitiesshallbemeasuredbythepresentvaluediscountedbylessee’sincrementalborrowingrateonthefirstexecutiondayorright-of-useassetsshallbemeasuredbynewleasestandardsifit’sfromthebeginningdateofleaseterm.Inthebalancesheet,assetsandliabilitiesincreasedatthesametimeduetotheexistenceofoperationalleasecontract,butitdidnothavesignificantimpactsontheCompany’sfinancialsituations.
2.RetrospectiveRestatementofPreviousComparativeDataduetotheExecutionofanyNewStandardsGoverningFinancialInstrumentsorLeasesfrom2019
□Applicable√Notapplicable
IIIIndependentAuditor’sReportIndicatebytickmarkwhetherthefinancialstatementsabovehavebeenauditedbyanindependentauditor.
□Yes√NoThesefinancialstatementshavenotbeenauditedbysuchanauditor.
TheBoardofDirectorsChinaMerchantsPortGroupCo.,Ltd
31October2019