The 3rd Quarterly Report 2019(Full Text)
Stock code：200771 Stock ID：Hangqilun B Announcement No.2019-58
Hangzhou Steam Turbine Co., Ltd.
The Third Quarterly Report 2019(Full Text)
（Stock code：200771）
October 2019
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The 3rd Quarterly Report 2019(Full Text)
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr.Zheng Bin, Person in charge of the Company, Mr. Zhao Jiamao, Person in charge of accounting works, Mr.Jin
Can , Chief of the accounting organ (the person in charge of the accounting )hereby confirm the authenticity and
completeness of the financial report enclosed in this Quarterly Report .
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The 3rd Quarterly Report 2019(Full Text)
II. Basic information about the company
I. Main financial data and indices
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
No
As at the end of the reporting Changed （%）over
As at the end of last year
period end of prev. year
Gross assets（Yuan） 12,212,544,839.66 11,569,169,903.81 5.56%
Net assets attributable to the
shareholders of the listed company 6,387,256,350.19 6,007,540,929.16 6.32%
（Yuan）
Increase/decrease
Between beginning of
over the same Changed （%）over
Reporting period the year to the end of
period of last year end of prev. year
the report period
（%）
Operating income（Yuan） 1,259,472,944.08 13.60% 3,179,654,647.11 -6.28%
Net profit attributable to the
shareholders of the listed company 128,559,248.99 -21.28% 288,884,381.99 -1.01%
（Yuan）
Net profit after deducting of
non-recurring gain/loss attributable to
116,129,508.20 -19.37% 247,703,697.88 6.09%
the shareholders of listed company
（Yuan）
Cash flow generated by business
-- -- 163,279,420.58 -72.79%
operation, net（Yuan）
Basic earning per share(Yuan/Share) 0.17 -22.73% 0.38 -2.56%
Diluted gains per share(Yuan/Share) 0.17 -22.73% 0.38 -2.56%
Weighted average income/asset ratio
2.04% -0.69% 4.66% -0.23%
（%）
Items and amount of non-current gains and losses
In RMB
Amount
(Year-beginning to the
Non-recurring gain and loss items Notes
end of the report
period.)
Non-current asset disposal gain/loss(including the write-off part for which assets impairment
-326,973.05
provision is made)
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The 3rd Quarterly Report 2019(Full Text)
Govemment subsidy recognized in current gain and loss(excluding those closely related to the
25,729,477.67
Company’s business and granted under the state’s policies)
Gain/loss from debt reorganization -2,196,787.49
In addition to normal business with the company effective hedging related business, holders of
tradable financial assets, transactions and financial liabilities arising from changes in fair value
29,778,787.02
gains and losses, as well as the disposal of trading of financial assets, trading financial liabilities
and available-for-sale financial assets gains return on investment
Net amount of non-operating income and expense except the aforesaid items 1,716,098.66
Less: .Amount of influence of income tax 9,036,858.65
Influence on minority shareholders’ equity (after tax) 4,483,060.05
Total 41,180,684.11 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and
Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on
information Disclosure for Companies offering their securities to the public-non-recurring Gains and losses
which have been defined as recurring gains and losses, it is necessary to explain the reason.
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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The 3rd Quarterly Report 2019(Full Text)
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders with the
Total number of common
13,631 voting power recovered at the end of the 0
shareholders at the period-end
reporting period(if any)
Shares held by the top 10 shareholders
Pledging or
Amount of
Share freezing
Properties of tradable shares
Shareholder name proportion Quantity Status
shareholder with Conditional
% of the Quantity
held
shares
Hangzhou Steam Turbine Power Group Co., State-owned legal
63.64% 479,824,800 479,824,800
Ltd. person
VANGUARD TOTAL INTERNATIONAL
Foreign legal person 0.71% 5,357,736 0
STOCK INDEX FUND
VANGUARD EMERGING MARKETS
Foreign legal person 0.63% 4,722,804 0
STOCK INDEX FUND
GUOTAI JUNAN
Foreign legal person 0.59% 4,423,583 0
SECURITIES(HONGKONG) LIMITED
Domestic Natural
Zhou Jie 0.58% 4,337,000 0
person
State-owned legal
China Merchants Securities (HK)Co., Ltd. 0.47% 3,555,077 0
person
ISHARES CORE MSCI EMERGING
Foreign legal person 0.46% 3,496,459 0
MARKETS ETF
NORGES BANK Foreign legal person 0.33% 2,514,529 0
Domestic Natural
Xia Zulin 0.31% 2,301,000 0
person
Domestic Natural
Wang Yihu 0.20% 1,488,524 0
person
To 10 holders of unconditional shares
Amount of Share type
shares without
Shareholders’ Names
sales Share type Quantity
restriction
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 5,357,736 Foreign shares placed 5,357,736
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The 3rd Quarterly Report 2019(Full Text)
in domestic exchange
Foreign shares placed
VANGUARD EMERGING MARKETS STOCK INDEX FUND 4,722,804 4,722,804
in domestic exchange
Foreign shares placed
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 4,423,583 4,423,583
in domestic exchange
Foreign shares placed
Zhou Jie 4,337,000 4,337,000
in domestic exchange
Foreign shares placed
China Merchants Securities (HK)Co., Ltd. 3,555,077 3,555,077
in domestic exchange
Foreign shares placed
ISHARES CORE MSCI EMERGING MARKETS ETF 3,496,459 3,496,459
in domestic exchange
Foreign shares placed
NORGES BANK 2,514,529 2,514,529
in domestic exchange
Foreign shares placed
Xia Zulin 2,301,000 2,301,000
in domestic exchange
Foreign shares placed
Wang Yihu 1,488,524 1,488,524
in domestic exchange
Foreign shares placed
BOCHK INVESTMENT FUNDS-BOCHK CHINA GOLDEN DRAGON FUND 1,267,627 1,267,627
in domestic exchange
(1)It is unknown to the Company if there is any
relationship among the top 10 common share
holders without restriction. (2) Other Shareholders.
Explanation on associated relationship or concerted action of the above
is not an action-in-concert” party with any of other
shareholders
shareholders as described by the “Administration
Rules of Informational Disclosure about Change of
Shareholding Statues of PLCs”.
Note to the top 10 common stockholders involved in margin financing & securities
Not applicable
lending (If any)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
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The 3rd Quarterly Report 2019(Full Text)
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
Not applicable
III. Significant Events
I. Changes in the principal accounting statement items and financial indications and the causes
In RMB
Balance sheet items Ending balance Opening balance Scale of change Causes of change
Mainly due to the adjustment of the report items
Transactional financial
1,030,270,000.00 0.00 according to the implementation of new
assets
financial standard in the current period.
Mainly due to the increase in the prepaid
Prepayments 497,157,397.80 370,958,990.74 34.02% equipment payment for the construction of the
new plant.
Mainly due to the dividends of Hangzhou Bank
Dividend receivable 27,827,292.60 16,557,292.60 68.07% and the increase in pledge dividends in the
current period.
Mainly due to the increase of bid bond and
Other account receivable 22,019,008.05 15,995,166.16 37.66%
reserve fund.
Mainly due to the adjustment of the report items
Other current asset 48,913,537.98 1,188,747,955.74 -95.89% according to the implementation of new
financial standard in the current period.
Mainly due to the adjustment of the report items
Available for sale of
0.00 2,130,076,555.2 -100.00% according to the implementation of new
financial assets
financial standard in the current period.
Mainly due to the capital increase into the joint
Long term share equity
10,941,439.29 8,221,439.29 33.08% venture-Zhejiang Zhongrun Gas Turbine
investment
Technology Co., Ltd.
Mainly due to the continuous investment in the
Construction in progress 726,277,749.36 454,767,328.93 59.70% construction of the new plant area in the current
period.
Mainly due to the adjustment of the report items
Other equity instruments
2,297,345,490.70 0.00 according to the implementation of new
investment
financial standard in the current period.
Other non-current financial Mainly due to the adjustment of the report items
180,406,134.44 0.00
assets according to the implementation of new
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The 3rd Quarterly Report 2019(Full Text)
financial standard in the current period.
Mainly due to the decrease in short-term
Short-term loans 97,700,000.00 139,600,000.00 -30.01%
borrowings during the period.
Mainly due to the decrease in interest on
Interest payable 0.00 437,314.72 -100.00%
borrowings that were not paid during the period.
777,253,689.21 474,876,451.26 63.67% Mainly due to the receipt of compensation for
Long-term payable
removal in the current period.
Income statement items Amount in the Same period of last Scale of change Causes of change
reporting period term
Mainly due to the YOY decrease in value-added
Business tax and surcharge 17,493,111.64 33,984,172.83 -48.53%
tax paid during the period.
Mainly due to the increase in interest income
Financial expenses -18,382,223.74 -9,991,434.12 -83.98%
during the period.
Mainly due to decrease in the provision for
impairment of assets in the current period due to
Impairment loss of assets -37,549,167.26 -98,292,739.70 61.80%
the debt restructuring and the recovery of
long-term accounts receivable and so forth.
Mainly due to decrease in the allowable exempt
Non-operating income 4,831,680.19 11,253,922.23 -57.07% accounts payable in the current period due to the
debt restructuring.
Mainly due to the increase in compensation
Non-operating expenses 5,637,262.06 3,264,511.69 72.68%
expenses in the current period.
Cash flow statement Items Amount in the Same period of the Scale of change Causes of change
reporting period previous year
Cash flow generated by Mainly due to the YOY decrease in cash receipts
163,279,420.58 600,061,531.02 -72.79%
business operation, net from sales of goods during the period.
Net cash flow generated by Mainly due to the decrease in newly purchased
investment 160,871,735.69 -417,696,615.32 138.51% wealth management products and the decrease
in total holdings in the current period.
Net increasing of cash and Mainly due to the increase in dividends
cash equivalents -250,913,888.08 -66,417,360.93 -277.78% distributed to external and the decrease in bank
borrowings during the period.
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The 3rd Quarterly Report 2019(Full Text)
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
Not applicable
Progress in the implementation of share repurchase
Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
There are no commitments that the company, shareholders, actual controller, acquirer, directors, supervisors,
senior executives or other related parties have fulfilled during the reporting period and have not yet fulfilled by the
end of reporting period.
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The 3rd Quarterly Report 2019(Full Text)
IV. Investment in securities
In RMB
Gain/l
Sale
Cumulative oss of
Stock Mode of Book value balance Changes in fair Purchase amoun Book value balance at Sauce
Security Security Initial investment fair value the Accounting
Abbreviati accounting at the beginning of value of the this amount in the t in the the end of the of the
category code cost changes in reporti Items
on measurement the reporting period period this period this reporting period shares
equity ng
period
period
Other Equity
Domestic and Hangzhou 1,906,391, Self
600926 390,954,040.00 FVM 2,011,876,524.40 285,468,966.30 2,297,345,490.70 Instrument
450.70 funds
foreign stocks Bank investment
Other See
Domestic and LUTIAN -1,631,104
000912 3,756,608.40 FVM -1,631,104.76 3,756,608.40 2,125,503.64 non-current notes
HUA .76
foreign stocks financial assets below
Total 394,710,648.40 -- 2,011,876,524.40 283,837,861.54 0.00 3,756,608.40 0.00 0.00 2,299,470,994.34 -- --
Disclosure Date of Announcement on
Securities investment approved by the
Board of Directors
Disclosure Date of Announcement on
Securities Investment Approved by
the Shareholders Meeting (If any)
VI. Entrusted financial management
In RMB 10,000
Type Source Amount Unexpired balance Overdue amount
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The 3rd Quarterly Report 2019(Full Text)
Bank financing product Self funds 88,127 96,527 0
Brokerage financing
Self funds 2,400.8 500 0
product
Trust financing product Self funds 18,000 6,000 0
Total 108,527.8 103,027 0
Specific Circumstance of Trust Investment which is Large in single amount, low insecurity, poor in liquidity or unguaranteed in high risk
In RMB 10,000
Way Actual
Referent Actual Whether Is there
Type of of recovery Summary of
ial profit or Provision or not a
Name of Trustees Type of Conf Prospectiv of profits matters and
Date of Date of Capital Investment Annuali e Yield loss for for due commiss
Trustees (or (or Producti Amount Source irmi and losses related
Beginning Expiry Orientation zed the impairmen process ion plan
Entrustees) Entrustees on ng (if any) during the query Index
Yield reporting t (if any) has been in the
) Rew reporting (if any)
Rate period followed future
ards period
Invest in creditors’ rights of
real estate / other creditors’
Investmen Floa
Hangzhou Disposal rights, public and private
t
Industrial & March March ting
manageme Trust 10,000 of own bonds, public and private 7.50% 733.56 733.56 733.56 Yes No
Commercial 30,2018 21,2019 profi
nt capital equity instruments,
Trust
company t
short-term/high-liquid debt
instruments.
Bank
non-capi
tal Floa
Disposal
preserva December March Invest in high liquid assets, ting
Hangzhou Bank Bank 7,000 of own 4.35% 75.92 75.92 75.92 Yes No
tion 28,2018 29,2019 debt assets, equity assets. profi
capital
interest t
manage
ment
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The 3rd Quarterly Report 2019(Full Text)
products
Investment in bonds, currency
market instruments, interbank
deposits, trust plans that meet
Bank
regulatory requirements, asset
non-capi
income rights, currency
tal
market funds, bond funds and Floa
preserva Disposal
November November other fixed income ting
CZB Bank tion 7,000 of own 4.85% 337.64 0 0 Yes No
20,2018 18,2019 instruments, asset profi
interest capital
securitization products, asset t
manage
management plans that meet
ment
the above investment
products
directions, and other financial
instruments allowed by
policies and regulations.
Bank
non-capi
tal
Government debt, corporate Floa
preserva Disposal
September bonds, inter-bank lending, ting
Bank of China Bank tion 7,000 of own July 29,2019 2.95% 19.47 19.47 19.47 Yes No
2,2019 medium-term notes, financing profi
interest capital
bonds, etc. t
manage
ment
products
Bank
non-capi
Government debt, corporate Floa
tal Disposal
September October bonds, inter-bank lending, ting
Bank of China Bank preserva 7,000 of own 2.90% 18.91 0 0 Yes No
6,2019 10,2019 medium-term notes, financing profi
tion capital
bonds, etc. t
interest
manage
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ment
products
Total 38,000 -- -- -- -- -- -- 1,185.5 828.95 -- -- -- --
Situation with the appearance of principals which can not be recovered expectedly or other existing situations which may lead to impairment
Not applicable
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VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
No such cases in the reporting period.
VIII. External guarantee get out of line
□ Applicable √Not applicable
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related
Parties
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
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IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:：Hangzhou Steam Turbine Co., Ltd.
In RMB
Items September 30,2019 December 31,2018
Current asset：
Monetary fund 1,474,367,079.10 1,382,392,009.59
Settlement provision
Outgoing call loan
Transactional financial assets 1,030,270,000.00 0.00
Financial assets measured at fair value with variations accounted into
current income account
Derivative financial assets
Notes receivable 663,773,928.40 595,089,175.22
Account receivable 2,018,581,642.30 1,940,798,255.26
Financing of receivables
Prepayments 497,157,397.80 370,958,990.74
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Other account receivable 49,846,300.65 32,552,458.76
Including：Interest receivable
Dividend receivable 27,827,292.60 16,557,292.60
Repurchasing of financial assets
Inventories 1,977,940,204.58 2,188,121,342.87
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 48,913,537.98 1,188,747,955.74
Total of current assets 7,760,850,090.81 7,698,660,188.18
Non-current assets：
Loans and payment on other’s behalf disbursed
Debt investment
Available for sale of financial assets 0.00 2,130,076,555.20
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Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 10,941,439.29 8,221,439.29
Other equity instruments investment 2,297,345,490.70 0.00
Other non-current financial assets 180,406,134.44 0.00
Property investment
Fixed assets 747,728,356.99 783,740,928.49
Construction in progress 726,277,749.36 454,767,328.93
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 274,277,500.98 279,740,756.49
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 214,718,077.09 213,962,707.23
Other non-current asset
Total of non-current assets 4,451,694,748.85 3,870,509,715.63
Total of assets 12,212,544,839.66 11,569,169,903.81
Current liabilities
Short-term loans 97,700,000.00 139,600,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 203,383,831.40 263,897,462.79
Account payable 1,151,812,574.17 1,086,685,918.74
Advance receipts 2,552,139,715.82 2,582,234,158.36
Contract Liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
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Employees’ wage payable 81,628,041.93 86,390,955.29
Tax payable 49,851,418.96 62,405,200.62
Other account payable 46,198,091.05 36,904,303.01
Including：Interest payable 0.00 437,314.72
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 100,000,000.00 100,100,000.00
Other current liability
Total of current liability 4,282,713,673.33 4,358,217,998.81
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 22,600,000.00 22,700,000.00
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 777,253,689.21 474,876,451.26
Long-term remuneration payable to staff
Expected liabilities
Deferred income 42,435,855.35 44,675,128.30
Deferred income tax liability 287,020,975.81 244,169,946.57
Other non-current liabilities
Total non-current liabilities 1,129,310,520.37 786,421,526.13
Total of liability 5,412,024,193.70 5,144,639,524.94
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 151,684,419.65 151,684,419.65
Less：Shares in stock
Other comprehensive income 1,620,186,251.18 1,377,168,522.74
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Special reserve 19,636,062.06 21,020,671.47
Surplus reserves 621,112,807.78 621,112,807.78
Common risk provision
Retained profit 3,220,626,409.52 3,082,544,107.52
Total of owner’s equity belong to the parent company 6,387,256,350.19 6,007,540,929.16
Minority shareholders’ equity 413,264,295.77 416,989,449.71
Total of owners’ equity 6,800,520,645.96 6,424,530,378.87
Total of liabilities and owners’ equity 12,212,544,839.66 11,569,169,903.81
Legal Representative: Zheng Bin
Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
2.Parent Company Balance Sheet
In RMB
Items September 30,2019 December 31,2018
Current asset：
Monetary fund 1,024,800,003.89 877,357,020.98
Transactional financial assets 550,000,000.00
Financial assets measured at fair value with variations accounted into
current income account
Derivative financial assets
Notes receivable 272,048,207.93 302,284,986.43
Account receivable 1,478,540,676.14 1,374,628,210.45
Financing of receivables
Prepayments 248,134,193.27 208,498,421.20
Other account receivable 34,356,195.24 19,984,760.06
Including：Interest receivable
Dividend receivable 27,827,292.60 16,557,292.60
Inventories 1,372,902,913.88 1,584,030,951.83
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 890,000,000.00
Total of current assets 4,980,782,190.35 5,256,784,350.95
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Non-current assets：
Debt investment
Available for sale of financial assets 2,090,631,297.62
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 860,732,321.62 502,919,378.03
Other equity instruments investment 2,297,345,490.70
Other non-current financial assets 142,280,276.86
Property investment
Fixed assets 431,785,349.13 448,890,495.75
Construction in progress 261,686,676.55 142,310,055.48
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 162,699,868.04 165,734,347.73
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 163,716,346.37 163,871,631.81
Other non-current asset
Total of non-current assets 4,320,246,329.27 3,514,357,206.42
Total of assets 9,301,028,519.62 8,771,141,557.37
Current liabilities
Short-term loans
Transactional financial liabilities
Financial liabilities measured at fair value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 10,000,000.00 24,200,000.00
Account payable 641,335,487.31 630,653,099.86
Advance receipts 1,695,176,632.88 1,877,069,335.29
Contract Liabilities
Employees’ wage payable 52,256,774.59 43,332,523.01
Tax payable 19,132,298.76 37,809,874.53
Other account payable 30,826,263.84 24,708,959.22
Including：Interest payable 212,010.69
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Dividend payable
Liabilities held for sales
Non-current liability due within 1 year 100,000,000.00 100,000,000.00
Other current liability
Total of current liability 2,548,727,457.38 2,737,773,791.91
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 567,664,904.81 264,512,388.24
Long-term remuneration payable to staff
Expected liabilities
Deferred income 40,931,870.35 41,944,793.30
Deferred income tax liability 287,020,975.81 244,169,946.57
Other non-current liabilities
Total non-current liabilities 895,617,750.97 550,627,128.11
Total of liability 3,444,345,208.35 3,288,400,920.02
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 138,953,250.09 138,953,250.09
Less：Shares in stock
Other comprehensive income 1,620,432,733.09 1,377,784,111.74
Special reserve 7,136,365.23 7,609,505.31
Surplus reserves 602,356,402.65 602,356,402.65
Retained profit 2,733,794,160.21 2,602,026,967.56
Total of owners’ equity 5,856,683,311.27 5,482,740,637.35
Total of liabilities and owners’ equity 9,301,028,519.62 8,771,141,557.37
Legal Representative: Zheng Bin
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Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 1,259,472,944.08 1,108,687,686.30
Including：Operating income 1,259,472,944.08 1,108,687,686.30
Interest income 0.00 0.00
Insurance fee earned 0.00 0.00
Fee and commission received 0.00 0.00
II. Total operating costs 1,063,402,412.11 928,441,577.15
Including：Operating costs 833,112,502.91 698,663,985.04
Interest expense 0.00 0.00
Fee and commission paid 0.00 0.00
Insurance discharge payment 0.00 0.00
Net claim amount paid 0.00 0.00
Appropriation of deposit for duty, net 0.00 0.00
Insurance policy dividend paid 0.00 0.00
Reinsurance expenses 0.00 0.00
Business tax and surcharge 4,034,970.65 4,164,943.79
Sales expense 53,828,704.09 44,033,676.52
Administrative expense 128,452,938.62 119,519,553.39
R & D expense 58,101,016.42 72,054,029.60
Financial expenses -14,127,720.58 -9,994,611.19
Including：Interest expense 3,049,492.86 3,615,328.64
Interest income 8,604,496.65 2,712,767.25
Add：Other income 9,967,888.64 2,529,767.83
Investment gain（“-”for loss） 2,238,832.77 70,813,800.50
Including: investment gains from affiliates 0.00 0.00
Financial assets measured at amortized cost cease to be recognized as
0.00 0.00
income
Gains from currency exchange 0.00 0.00
Net exposure hedging income 0.00 0.00
21
The 3rd Quarterly Report 2019(Full Text)
Changing income of fair value -156,349.42 0.00
Credit impairment loss 0.00 0.00
Impairment loss of assets -43,972,973.96 -55,181,386.88
Assets disposal income 0.00 -3,512.61
III. Operating profit（“-”for loss） 164,147,930.00 198,404,777.99
Add ：Non-operating income 4,086,841.03 7,064,195.75
Less: Non-operating expenses 416,499.78 673,357.15
IV. Total profit(“-”for loss) 167,818,271.25 204,795,616.59
Less：Income tax expenses 20,942,187.32 22,054,153.14
V. Net profit 146,876,083.93 182,741,463.45
(I) Classification by business continuity
1.Net continuing operating profit 146,876,083.93 182,741,463.45
2.Termination of operating net profit 0.00 0.00
(II) Classification by ownership
1.Net profit attributable to the owners of parent company 128,559,248.99 163,313,243.33
2.Minority shareholders’ equity 18,316,834.94 19,428,220.12
VI. Net after-tax of other comprehensive income 28,052,616.28 -23,360,682.96
Net of profit of other comprehensive income attributable to owners of the p 27,868,098.54 -23,405,956.89
arent company.
（I）Other comprehensive income items that will not be reclassified into
27,731,271.01 0.00
gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net ass
0.00 0.00
ets
2.Other comprehensive income under the equity method investee can not b
0.00 0.00
e reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments 27,731,271.01 0.00
4. Changes in the fair value of the company’s credit risks 0.00 0.00
5.Other 0.00 0.00
（II）
136,827.53 -23,405,956.89
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can be rec 0.00 0.00
lassified into profit or loss.
2. Changes in the fair value of investments in other debt obligations 0.00 0.00
0.00 -23,439,529.39
22
The 3rd Quarterly Report 2019(Full Text)
3.Gains and losses from changes in fair value available for sale financial as
sets
4. Other comprehensive income arising from the reclassification of
0.00 0.00
financial assets
5.Held-to-maturity investments reclassified to gains and losses of available 0.00 0.00
for sale financial assets
6. Allowance for credit impairments in investments in other debt
0.00 0.00
obligations
7. Reserve for cash flow hedges 0.00 0.00
8. Translation differences in currency financial statements 136,827.53 33,572.50
9.Other 0.00 0.00
Net of profit of other comprehensive income attributable to Minority
184,517.74 45,273.93
shareholders’ equity
VII. Total comprehensive income 174,928,700.21 159,380,780.49
Total comprehensive income attributable to the owner of the parent
156,427,347.53 139,907,286.44
company
Total comprehensive income attributable minority shareholders 18,501,352.68 19,473,494.05
VIII. Earnings per share
（I）Basic earnings per share 0.17 0.22
(II)Diluted earnings per share 0.17 0.22
Legal Representative: Zheng Bin
Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
4.Income statement of the Parent Company of the Report period
In RMB
Items Amount in this period Amount in last period
I. Revenue 819,933,432.91 698,411,449.47
Including：Operating costs 550,786,723.53 422,591,187.82
Business tax and surcharge 656,680.27 853,658.87
Sales expense 29,989,897.19 28,830,027.49
Administrative expense 85,386,581.72 78,734,803.39
R & D expense 34,623,248.26 49,502,603.39
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The 3rd Quarterly Report 2019(Full Text)
Financial expenses -14,211,732.34 -9,515,143.09
Including：Interest expenses 1,386,892.71 941,722.22
Interest income 6,570,709.61 1,672,779.68
Add：Other income 8,461,395.92 1,603,129.49
Investment gain（“-”for loss） 467,203.13 101,614,644.02
Including: investment gains from affiliates
Financial assets measured at amortized cost cease to be recognized as
income
Net exposure hedging income
Changing income of fair value -156,349.42
Credit impairment loss
Impairment loss of assets -44,516,274.64 -49,956,816.30
Assets disposal income
II. Operating profit（“-”for loss） 96,958,009.27 180,675,268.81
Add ：Non-operating income 2,744,198.08 6,804,403.21
Less：Non -operating expenses -571,413.09
III. Total profit(“-”for loss) 100,273,620.44 187,479,672.02
Less：Income tax expenses 15,194,105.20 14,396,702.89
IV. Net profit 85,079,515.24 173,082,969.13
1.Net continuing operating profit 85,079,515.24 173,082,969.13
2.Termination of operating net profit 0.00 0.00
V. Net after-tax of other comprehensive income 27,731,271.01 -23,439,529.39
（I）Other comprehensive income items that will not be reclassified into
27,731,271.01 0.00
gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net ass
0.00 0.00
ets
2.Other comprehensive income under the equity method investee can not b
0.00 0.00
e reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments 27,731,271.01 0.00
4. Changes in the fair value of the company’s credit risks 0.00 0.00
5.Other 0.00 0.00
（II）
0.00 -23,439,529.39
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can be rec
0.00 0.00
lassified into profit or loss.
24
The 3rd Quarterly Report 2019(Full Text)
2. Changes in the fair value of investments in other debt obligations 0.00 0.00
3.
Gains and losses from changes in fair value available for sale financial asse 0.00 -23,439,529.39
ts
4. Other comprehensive income arising from the reclassification of
0.00 0.00
financial assets
5.Held-to-maturity investments reclassified to gains and losses of available
0.00 0.00
for sale financial assets
6. Allowance for credit impairments in investments in other debt
0.00 0.00
obligations
7. Reserve for cash flow hedges 0.00 0.00
8. Translation differences in currency financial statements 0.00 0.00
9.Other 0.00 0.00
VI. Total comprehensive income 112,810,786.25 149,643,439.74
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
Legal Representative: Zheng Bin
Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 3,179,654,647.11 3,392,818,668.43
Including：Operating income 3,179,654,647.11 3,392,818,668.43
Interest income
Insurance fee earned
Commission charge and commission income
II. Total operating costs 2,877,835,659.02 3,036,194,058.93
Including：Operating costs 2,199,516,904.17 2,310,780,137.30
Interest expense
Fee and commission paid
25
The 3rd Quarterly Report 2019(Full Text)
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty,net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 17,493,111.64 33,984,172.83
Sales expense 140,724,643.41 121,041,978.74
Administrative expense 363,621,264.60 356,975,613.55
R & D expense 174,861,958.94 223,403,590.63
Financial expenses -18,382,223.74 -9,991,434.12
Including：Interest expense 10,212,822.58 9,518,675.26
Interest income 22,290,646.94 8,999,590.97
Add：Other income 25,729,477.67 22,867,462.28
Investment gain（“-”for loss） 101,699,155.43 107,958,407.94
Including: investment gains from affiliates
Financial assets measured at amortized cost cease to be recognized as
income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value -1,631,104.76 0.00
Credit impairment loss
Impairment loss of assets -37,549,167.26 -98,292,739.70
Assets disposal income -1,183.02 -3,512.61
III. Operating profit（“-”for loss） 390,066,166.15 389,154,227.41
Add ：Non-operating income 4,831,680.19 11,253,922.23
Less: Non-operating expense 5,637,262.06 3,264,511.69
IV. Total profit(“-”for loss) 389,260,584.28 397,143,637.95
Less：Income tax expenses 57,717,586.61 54,032,024.96
V. Net profit 331,542,997.67 343,111,612.99
(I) Classification by business continuity
1.Net continuing operating profit 331,542,997.67 343,111,612.99
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company 288,884,381.99 291,823,837.34
26
The 3rd Quarterly Report 2019(Full Text)
2.Minority shareholders’ equity 42,658,615.68 51,287,775.65
VI. Net after-tax of other comprehensive income 243,515,485.04 -96,070,528.59
Net of profit of other comprehensive income attributable to owners of the p 243,017,728.44 -96,069,678.89
arent company.
（I）Other comprehensive income items that will not be reclassified into
242,648,621.35 0.00
gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net ass
ets
2.Other comprehensive income under the equity method investee can not b
e reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments 242,648,621.35
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
369,107.09 -96,069,678.89
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can be rec
lassified into profit or loss.
2. Changes in the fair value of investments in other debt obligations
3.Gains and losses from changes in fair value available for sale financial as -96,069,048.81
sets
4. Other comprehensive income arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassified to gains and losses of available
for sale financial assets
6. Allowance for credit impairments in investments in other debt
obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements 369,107.09 -630.08
9.Other
Net of profit of other comprehensive income attributable to Minority
497,756.60 -849.70
shareholders’ equity
VII. Total comprehensive income 575,058,482.71 247,041,084.40
Total comprehensive income attributable to the owner of the parent
531,902,110.43 195,754,158.45
company
27
The 3rd Quarterly Report 2019(Full Text)
Total comprehensive income attributable minority shareholders 43,156,372.28 51,286,925.95
VIII. Earnings per share
（I）Basic earnings per share 0.38 0.39
(II)Diluted earnings per share 0.38 0.39
Legal Representative: Zheng Bin
Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I. Revenue 2,021,367,165.14 2,189,150,333.95
Including：Operating costs 1,419,479,492.96 1,515,016,894.16
Business tax and surcharge 7,626,103.56 20,834,534.64
Sales expense 78,039,858.11 70,905,475.62
Administrative expense 245,306,228.86 233,577,791.35
R & D expense 106,667,412.13 161,617,772.84
Financial expenses -21,470,371.54 -10,794,244.88
Including：Interest expenses 4,691,534.25 3,846,459.27
Interest income 18,593,178.48 5,902,263.69
Add：Other income 13,917,270.04 19,859,416.82
Investment gain（“-”for loss） 153,015,943.33 199,260,434.93
Including: investment gains from affiliates
Financial assets measured at amortized cost cease to be recognized as
income
Net exposure hedging income
Changing income of fair value -1,631,104.76
Credit impairment loss
Impairment loss of assets -42,320,934.82 -82,930,149.30
Assets disposal income
II. Operating profit（“-”for loss） 308,699,614.85 334,181,812.67
Add ：Non-operating income 3,376,160.54 10,929,928.48
Less：Non -operating expenses 2,332,671.26 991,089.95
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The 3rd Quarterly Report 2019(Full Text)
III. Total profit(“-”for loss) 309,743,104.13 344,120,651.20
Less：Income tax expenses 27,173,831.49 28,421,452.77
IV. Net profit 282,569,272.64 315,699,198.43
1.Net continuing operating profit 282,569,272.64 315,699,198.43
2.Termination of operating net profit
V. Net after-tax of other comprehensive income 242,648,621.35 -96,069,048.81
（I）Other comprehensive income items that will not be reclassified into
242,648,621.35
gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net a
ssets
2.Other comprehensive income under the equity method investee can not
be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments 242,648,621.35
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
-96,069,048.81
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can be r
eclassified into profit or loss.
2. Changes in the fair value of investments in other debt obligations
3.
Gains and losses from changes in fair value available for sale financial as -96,069,048.81
sets
4. Other comprehensive income arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassified to gains and losses of availabl
e for sale financial assets
6. Allowance for credit impairments in investments in other debt
obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements
9.Other
VI. Total comprehensive income 525,217,893.99 219,630,149.62
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
29
The 3rd Quarterly Report 2019(Full Text)
Legal Representative: Zheng Bin
Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 2,401,489,904.17 2,922,174,240.29
Net increase of customer deposits and capital kept for
brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Cash received from interest, commission charge and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in securities trading
Tax returned 9,452,246.56 4,436,443.28
Other cash received from business operation 38,089,833.69 23,972,719.40
Sub-total of cash inflow 2,449,031,984.42 2,950,583,402.97
Cash paid for purchasing of merchandise and services 1,390,790,562.36 1,410,074,595.43
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 535,189,229.29 546,423,474.68
Taxes paid 206,236,487.81 268,804,298.07
30
The 3rd Quarterly Report 2019(Full Text)
Other cash paid for business activities 153,536,284.38 125,219,503.77
Sub-total of cash outflow from business activities 2,285,752,563.84 2,350,521,871.95
Net cash generated from /used in operating activities 163,279,420.58 600,061,531.02
II. Cash flow generated by investing
Cash received from investment retrieving 1,319,400.00 101,314,432.00
Cash received as investment gains 90,647,265.02 98,301,115.34
Net cash retrieved from disposal of fixed assets, intangible
267,093.28 4,138.00
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 2,435,058,131.23 3,373,416,055.08
Sub-total of cash inflow due to investment activities 2,527,291,889.53 3,573,035,740.42
Cash paid for construction of fixed assets, intangible assets and
308,397,153.84 323,721,857.46
other long-term assets
Cash paid as investment 64,120,000.00 67,000,000.00
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 1,993,903,000.00 3,600,010,498.28
Sub-total of cash outflow due to investment activities 2,366,420,153.84 3,990,732,355.74
Net cash flow generated by investment 160,871,735.69 -417,696,615.32
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor
shareholders
Cash received as loans 97,700,000.00 144,800,000.00
Other financing –related cash received
Sub-total of cash inflow from financing activities 97,700,000.00 144,800,000.00
Cash to repay debts 139,800,000.00 102,800,000.00
Cash paid as dividend, profit, or interests 206,283,221.41 105,886,694.26
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 2,530,666.67 2,530,666.67
Sub-total of cash outflow due to financing activities 348,613,888.08 211,217,360.93
Net cash flow generated by financing -250,913,888.08 -66,417,360.93
IV. Influence of exchange rate alternation on cash and cash 5,489,068.91 4,374,942.68
31
The 3rd Quarterly Report 2019(Full Text)
equivalents
V.Net increase of cash and cash equivalents 78,726,337.10 120,322,497.45
Add: balance of cash and cash equivalents at the beginning of
1,262,186,817.20 1,222,677,495.94
term
VI ..Balance of cash and cash equivalents at the end of term 1,340,913,154.30 1,342,999,993.39
Legal Representative: Zheng Bin
Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 1,270,950,290.66 1,732,346,257.32
Tax returned 1,710,862.98
Other cash received from business operation 21,046,261.46 8,454,029.21
Sub-total of cash inflow 1,291,996,552.12 1,742,511,149.51
Cash paid for purchasing of merchandise and services 714,774,061.03 930,857,428.18
Cash paid to staffs or paid for staffs 348,781,348.27 363,539,423.10
Taxes paid 108,690,832.97 162,465,388.01
Other cash paid for business activities 63,232,732.77 39,414,332.67
Sub-total of cash outflow from business activities 1,235,478,975.04 1,496,276,571.96
Net cash generated from /used in operating activities 56,517,577.08 246,234,577.55
II.Cash flow generated by investing
Cash received from investment retrieving 100,000,000.00
Cash received as investment gains 141,974,518.67 189,603,142.33
Net cash retrieved from disposal of fixed assets, intangible assets,
242,600.00
and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 1,236,201,629.52 2,429,775,072.51
Sub-total of cash inflow due to investment activities 1,378,418,748.19 2,719,378,214.84
Cash paid for construction of fixed assets, intangible assets 136,069,232.99 120,259,505.35
32
The 3rd Quarterly Report 2019(Full Text)
and other long-term assets
Cash paid as investment 419,212,943.59 66,000,000.00
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 582,000,000.00 2,480,000,000.00
Sub-total of cash outflow due to investment activities 1,137,282,176.58 2,666,259,505.35
Net cash flow generated by investment 241,136,571.61 53,118,709.49
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
Other financing –related ash received
Sub-total of cash inflow from financing activities
Cash to repay debts
Cash paid as dividend, profit, or interests 155,705,624.93 41,558,617.59
Other cash paid for financing activities
Sub-total of cash outflow due to financing activities 155,705,624.93 41,558,617.59
Net cash flow generated by financing -155,705,624.93 -41,558,617.59
IV. Influence of exchange rate alternation on cash and cash
5,494,459.15 4,362,150.46
equivalents
V.Net increase of cash and cash equivalents 147,442,982.91 262,156,819.91
Add: balance of cash and cash equivalents at the beginning of
877,357,020.98 654,407,180.33
term
VI ..Balance of cash and cash equivalents at the end of term 1,024,800,003.89 916,564,000.24
Legal Representative: Zheng Bin
Person-in-charge of the accounting work：Zhao Jiamao
Person-in -charge of the accounting organ：Jin Can
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to
the new standards for financial instruments, the new standards for revenues and the new standards for
lease implemented commencing from year 2019
Consolidated balance sheet
In RMB
33
The 3rd Quarterly Report 2019(Full Text)
Amount involved in the
Items December 31,2018 January 1,2019
adjustment
Current asset：
Monetary fund 1,382,392,009.59 1,382,392,009.59
Settlement provision
Outgoing call loan
Transactional financial assets 0.00 1,156,870,000.00 1,156,870,000.00
Financial assets measured at fair value with
variations accounted into current income account
Derivative financial assets
Notes receivable 595,089,175.22 595,089,175.22
Account receivable 1,940,798,255.26 1,940,798,255.26
Financing of receivables
Prepayments 370,958,990.74 370,958,990.74
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Other account receivable 32,552,458.76 32,552,458.76
Including：Interest receivable
Dividend receivable 16,557,292.60 16,557,292.60
Repurchasing of financial assets
Inventories 2,188,121,342.87 2,188,121,342.87
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 1,188,747,955.74 31,877,955.74 -1,156,870,000.00
Total of current assets 7,698,660,188.18 7,698,660,188.18
Non-current assets：
Loans and payment on other’s behalf disbursed
Debt investment
Available for sale of financial assets 2,130,076,555.20 -2,130,076,555.20
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 8,221,439.29 8,221,439.29
Other equity instruments investment 0.00 2,011,876,524.40 2,011,876,524.40
34
The 3rd Quarterly Report 2019(Full Text)
Other non-current financial assets 0.00 118,200,030.80 118,200,030.80
Property investment
Fixed assets 783,740,928.49 783,740,928.49
Construction in progress 454,767,328.93 454,767,328.93
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 279,740,756.49 279,740,756.49
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 213,962,707.23 213,962,707.23
Other non-current asset
Total of non-current assets 3,870,509,715.63 3,870,509,715.63
Total of assets 11,569,169,903.81 11,569,169,903.81
Current liabilities
Short-term loans 139,600,000.00 139,600,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair value with
variations accounted into current income account
Derivative financial liabilities
Notes payable 263,897,462.79 263,897,462.79
Account payable 1,086,685,918.74 1,086,685,918.74
Advance receipts 2,582,234,158.36 2,582,234,158.36
Contract liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 86,390,955.29 86,390,955.29
Tax payable 62,405,200.62 62,405,200.62
Other account payable 36,904,303.01 36,904,303.01
Including：Interest payable 437,314.72 437,314.72
Dividend payable 0.00
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The 3rd Quarterly Report 2019(Full Text)
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 100,100,000.00 100,100,000.00
Other current liability
Total of current liability 4,358,217,998.81 4,358,217,998.81
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 22,700,000.00 22,700,000.00
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 474,876,451.26 474,876,451.26
Long-term remuneration payable to staff
Expected liabilities
Deferred income 44,675,128.30 44,675,128.30
Deferred income tax liability 244,169,946.57 244,169,946.57
Other non-current liabilities
Total non-current liabilities 786,421,526.13 786,421,526.13
Total of liability 5,144,639,524.94 5,144,639,524.94
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 151,684,419.65 151,684,419.65
Less：Shares in stock
Other comprehensive income 1,377,168,522.74 1,377,168,522.74
Special reserve 21,020,671.47 21,020,671.47
Surplus reserves 621,112,807.78 621,112,807.78
Common risk provision
Retained profit 3,082,544,107.52 3,082,544,107.52
Total of owner’s equity belong to the parent 6,007,540,929.16 6,007,540,929.16
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The 3rd Quarterly Report 2019(Full Text)
company
Minority shareholders’ equity 416,989,449.71 416,989,449.71
Total of owners’ equity 6,424,530,378.87 6,424,530,378.87
Total of liabilities and owners’ equity 11,569,169,903.81 11,569,169,903.81
Adjustment statement
Parent Company Balance Sheet
In RMB
Amount involved in the
Items December 31,2018 January 1,2019
adjustment
Current asset：
Monetary fund 877,357,020.98 877,357,020.98
Transactional financial assets 890,000,000.00 890,000,000.00
Financial assets measured at fair value with
variations accounted into current income account
Derivative financial assets
Notes receivable 302,284,986.43 302,284,986.40
Account receivable 1,374,628,210.45 1,374,628,210.45
Financing of receivables
Prepayments 208,498,421.20 208,498,421.20
Other account receivable 19,984,760.06 19,984,760.06
Including：Interest receivable
Dividend receivable 16,557,292.60 16,557,292.60
Inventories 1,584,030,951.83 1,584,030,951.83
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 890,000,000.00 -890,000,000.00
Total of current assets 5,256,784,350.95 5,256,784,350.95
Non-current assets：
Debt investment
Available for sale of financial assets 2,090,631,297.62 -2,090,631,297.62
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 502,919,378.03 502,919,378.03
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The 3rd Quarterly Report 2019(Full Text)
Other equity instruments investment 2,011,876,524.40 2,011,876,524.40
Other non-current financial assets 78,754,773.22 78,754,773.22
Property investment
Fixed assets 448,890,495.75 448,890,495.75
Construction in progress 142,310,055.48 142,310,055.48
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 165,734,347.73 165,734,347.73
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 163,871,631.81 163,871,631.81
Other non-current asset
Total of non-current assets 3,514,357,206.42 3,514,357,206.42
Total of assets 8,771,141,557.37 8,771,141,557.37
Current liabilities
Short-term loans
Transactional financial liabilities
Financial liabilities measured at fair value with
variations accounted into current income account
Derivative financial liabilities
Notes payable 24,200,000.00 24,200,000.00
Account payable 630,653,099.86 630,653,099.86
Advance receipts 1,877,069,335.29 1,877,069,335.29
Contract Liabilities
Employees’ wage payable 43,332,523.01 43,332,523.01
Tax payable 37,809,874.53 37,809,874.53
Other account payable 24,708,959.22 24,708,959.22
Including：Interest payable 212,010.69 212,010.69
Dividend payable
Liabilities held for sales
Non-current liability due within 1 year 100,000,000.00 100,000,000.00
Other current liability
Total of current liability 2,737,773,791.91 2,737,773,791.91
Non-current liabilities：
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The 3rd Quarterly Report 2019(Full Text)
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 264,512,388.24 264,512,388.24
Long-term remuneration payable to staff
Expected liabilities
Deferred income 41,944,793.30 41,944,793.30
Deferred income tax liability 244,169,946.57 244,169,946.57
Other non-current liabilities
Total non-current liabilities 550,627,128.11 550,627,128.11
Total of liability 3,288,400,920.02 3,288,400,920.02
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 138,953,250.09 138,953,250.09
Less：Shares in stock
Other comprehensive income 1,377,784,111.74 1,377,784,111.74
Special reserve 7,609,505.31 7,609,505.31
Surplus reserves 602,356,402.65 602,356,402.65
Retained profit 2,602,026,967.56 2,602,026,967.56
Total of owners’ equity 5,482,740,637.35 5,482,740,637.35
Total of liabilities and owners’ equity 8,771,141,557.37 8,771,141,557.37
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
financial instruments and the new standards for lease implemented commencing from year 2019
Not applicable
III. Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
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The 3rd Quarterly Report 2019(Full Text)
The Third Quarterly report is not audited.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
October 30, 2019
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