Huadian Power International Corporation Limited*
1071
(1)
(2)
(3)
11 57 58
59 95
.......................................................... 1
..................................................... 11
............................................. 58
................................................... 59
...................................... 96
.................................... 98
.............................. 115
.................................. 214
.................................. 258
.................................. 300
..................... 329
.............................. 341
............................ 351
......................... 356
........................... 414
................. 427
........................... 432
.......................................... 433
........................................... 441
–i–
37.19%
6
–1–
48.98%
70%
30%
–2–
H A
–3–
60.3803%
–4–
–5–
6
(i)
(ii)
–6–
B
14 16 27
–7–
65%
65%
53%
571
1.00
–8–
–9–
%
*
– 10 –
Huadian Power International Corporation Limited*
1071
2
1
31
(1)
(2)
(3)
I.
(i)
(ii)
– 11 –
II.
2,123,741.78 (i)
1,360,941.78 (ii)
762,800
1.
(1)
(2)
(3)
2,123,741.78
589,747.35 1,533,994.43
37.19%
(i) (ii)
(%) (%)
996,000.00 689,767.22 100% 996,000.00 689,767.22 62.81%
– – – 589,747.35 1,533,994.43 37.19%
996,000.00 689,767.22 100% 1,558,747.35 2,223,761.65 100%
– 12 –
2,123,741.78
100%
3,586,700
3,586,700
5,710,400
37.19%
2,108,871 (i)
(ii)
(iii)
200,000
(1)
1,360,941.78
364,883.62
– 13 –
100%
(1) 100.00% 2,829.94 2,829.94
(2) 100.00% 4,486.41 4,486.41
(3) 100.00% 39,197.42 39,197.42
(4) 50.00% 47,766.05 23,883.03
(5) 55.00% 14,005.05 7,702.78
(6) 55.00% 57,809.98 31,795.49
(7) 55.00% 72,809.15 40,045.03
(8) 65.00% 40,942.80 26,612.82
(9) 55.00% 41,122.34 22,617.29
(10) 100.00% 225,989.80 225,989.80
(11) 100.00% 76,892.63 76,892.63
(12) 100.00% 20,200.00 20,200.00
(13) 100.00% 27,640.00 27,640.00
– 14 –
100%
(14) 100.00% 14,320.00 14,320.00
(15) 100.00% 38,820.00 38,820.00
(16) 100.00% 33,380.00 33,380.00
(17) 100.00% 2,113.05 2,113.05
(18) 61.8709% 227,220.00 140,583.06
(19) 100.00% 249,930.00 249,930.00
(20) 100.00% 2,028.63 2,028.63
(21) 100.00% 1,790.00 1,790.00
(22) 63.925% 428,440.00 273,880.27
(23) 60.00% 3,720.00 2,232.00
(24) 100.00% 28,180.00 28,180.00
(25) 100.00% 12,450.00 12,450.00
– 15 –
100%
(26) 100.00% 1,907.33 1,907.33
(27) 100.00% 9,434.81 9,434.81
1,360,941.78
(2)
762,800
(i) 70% 5
(ii) 30%
(1)
180
(1) 3.85%
– 16 –
(1)
(2)
(3)
(4)
(1) (2)
– 17 –
15
30
2.
B 29(2)
(1)
1.
2.
– 18 –
3.
(2)
1.
2.
3.
4.
5.
6.
7.
8.
[2015]74
50%
9.
2020 23
– 19 –
15%
10.
2
4 5
11.
12.
– 20 –
20
25
(3)
1. rf
(CCDC)
(%)
3 2.28
6 2.43
1 2.47
2 2.72
3 2.82
5 2.95
7 3.17
10 3.14
30 3.73
15 25
12 [2020]38
10
rf 3.14%
2.
A
– 21 –
rm
12
[2020]38
300
10
A
rm=10.64%
rm rf 10.64% 3.14% 7.50%
3.
4.
WIND
– 22 –
5 βu 0.6142
βe 1.0758
5.
ε=1.00%
0.00% 10 0.00%
0.00% 10 0.00%
0.00% 20 0.00%
0.00% 20 0.00%
5.00% 10 0.50%
– 23 –
0.00% 20 0.00%
5.00% 10 0.50%
0.01
6. rd
5 LPR
4.65% 25%
7. WACC
We 49.95%
Wd 50.05%
rd 4.65%
rf 3.14%
rm 10.64%
25.00%
βu 61.42%
βe 107.58%
1.00%
re 12.21%
rd 3.49%
7.80%
– 24 –
(4)
(i)
(ii)
(iii)
(iv)
3.
16,948.5 13,974.5 2,974
12,155,108
2,108,871
2,646.06 3,494.66
2,383.65 3,140.01
– 25 –
4.
10 10
(1) 222.46 46.29 100.00% 46.29 4.06 4.06 4.63 3.96 3.00 1.00
(2) 62.28 27.33 100.00% 27.33 4.25 4.25 4.59 4.03 1.00 –
(3) 821.71 201.61 100.00% 201.61 0.07 0.13 4.85 4.89 4.00 19.30
(4) 924.88 280.53 50.00% 140.27 67.40 66.76 59.61 52.07 10.00 –
(5) 195.32 169.79 55.00% 93.38 7.78 5.81 7.16 5.35 4.05 –
(6) 956.95 303.80 55.00% 167.09 14.57 10.80 7.60 5.60 4.80 8.80
(7) 932.28 491.93 55.00% 270.56 48.28 42.79 53.16 48.37 14.94 –
(8) 592.48 260.76 65.00% 169.49 42.57 39.91 32.88 28.90 9.93 –
(9) 591.98 258.62 55.00% 142.24 14.73 12.89 52.80 50.53 8.00 –
– 26 –
10 10
(10) 5,254.72 1,681.97 100.00% 1,681.97 130.65 120.32 136.65 119.92 66.30 14.80
(11) 1,425.47 403.34 100.00% 403.34 40.58 38.05 42.78 37.41 9.90 10.00
(12) 731.22 195.96 100.00% 195.96 19.81 19.77 7.04 6.06 10.00 –
(13) 754.82 186.37 100.00% 186.37 0.00 0.00 4.77 4.77 9.92 –
(14) 399.19 99.00 100.00% 99.00 0.00 0.00 0.00 0.00 – 5.00
(15) 1,403.47 303.26 100.00% 303.26 11.99 11.99 5.59 5.59 9.80 9.97
(16) 753.41 203.50 100.00% 203.50 0.00 0.00 1.11 1.11 5.00 5.10
(17) 21.51 21.13 100.00% 21.13 0.00 0.00 0.00 0.00 – 13.00
(18) 2,730.23 1,520.71 61.8709% 940.88 136.45 108.60 134.96 103.83 29.00 40.00
(19) 4,350.94 1,583.30 100.00% 1,583.30 179.62 161.49 191.71 164.87 37.95 35.00
(20) 40.90 20.00 100.00% 20.00 0.00 0.00 0.00 0.00 – –
– 27 –
10 10
(21) 51.86 19.56 100.00% 19.56 1.11 0.96 1.05 0.91 0.40 –
(22) 7,839.24 4,086.54 63.925% 2,612.32 187.32 167.47 264.07 240.45 154.16 –
(23) 130.79 44.04 60.00% 26.42 0.12 0.04 3.75 2.77 1.00 –
(24) 260.03 223.14 100.00% 223.14 22.42 19.05 25.99 22.01 4.95 –
(25) 363.60 68.31 100.00% 68.31 0.81 0.49 0.50 0.12 4.95 –
(26) 18.92 18.89 100.00% 18.89 0.00 0.00 0.00 0.00 0.00 3.00
(27) 446.82 94.79 100.00% 94.79 -0.05 -0.05 0.00 0.00 – 10.00
12,814.47 9,960.41
– 28 –
III.
1.
(1)
(1)
89.43 +13.92
(1)
– 29 –
(1)
2,767.41 -743.66
1,201.79 -88.77
419.49 -54.67
1,620.00 -2,088.86
1,950.00 -1,434.31
20,951.88 -13,426.33
14,936.57 +1,624.16
43,936.57
(i)
(ii)
(1)
– 30 –
(2)
(1)
30,110.00 30,110.00 +5,942.98
100%
48,940.00 48,940.00 +2,477.07
100%
46,550.00 46,550.00 +13,200.86
100%
64,070.00 38,685.66 +903.68
60.3803%
164,285.66
(1)
– 31 –
(1) 70%
(2) 30% (1)
180
30
(1)
(1) 3.85%
– 32 –
(2)
(3)
(4)
(1) (2)
60
2.
B 29(2)
(1)
1.
2.
– 33 –
3.
4.
5.
6.
7.
(2)
1.
2.
3.
25
4.
5.
6.
(i)
– 34 –
(ii)
5 LPR 4.65%
7.
8.
(3)
1. rf
(CCDC)
(%)
3 2.28
6 2.43
1 2.47
2 2.72
3 2.82
5 2.95
– 35 –
(%)
7 3.17
10 3.14
30 3.73
15 25 12
[2020]38
10
rf 3.14%
2.
A
rm
12
[2020]38
300
10
A
rm=10.64%
rm rf 10.64% 3.14% 7.50%
– 36 –
3.
4.
WIND
5
βu 0.6142
βe 1.0758
5.
ε=0.50%
0.00% 10 0.00%
0.00% 10 0.00%
– 37 –
0.00% 20 0.00%
0.00% 20 0.00%
0.00% 10 0.50%
0.00% 20 0.00%
5.00% 10 0.50%
0.50%
6. rd
5 LPR
4.65%
25%
– 38 –
7. WACC
We 49.95%
Wd 50.05%
rd 4.65%
rf 3.14%
rm 10.64%
25.00%
βu 116.91%
βe 111.16%
61.42%
re 107.58%
rd 0.50%
7.60%
(1)
1.
2.
3.
(2)
1.
– 39 –
2.
3.
4.
5.
6.
7.
8.
9.
10.
(1)
11.
12.
(1)
– 40 –
(1)
1.
2.
3.
4.
5.
6.
7.
8.
9.
(2)
1.
– 41 –
2.
3.
4.
5.
[2020]426
6.
7. 63
12.5%
25%
25%
– 42 –
25%
8.
2
4 5
– 43 –
3.
(1)
10 10
755,139.52 0.07 –
35,110,809.79 2.20 1.00
12,905,586.45 0.24 –
4,741,615.91 0.11 –
– 44 –
10 10
37,088,581.30 0.80 –
33,843,141.65 0.64 9.80
343,782,059.80 2.00 25.00
133,124,109.87 – 10.00
– 45 –
(2)
10 10
648.25 241.67 27.14 23.75 24.87 21.38 10.00 –
1,186.78 464.63 42.52 39.27 52.01 44.93 4.00 –
598.21 333.49 46.62 40.80 43.85 37.95 12.00 10.25
701.75 625.74 43.22 32.26 36.41 27.38 9.90 30.20
IV.
1.
(1)
(2)
– 46 –
(i) 70%
(ii) 48.98% (iii) 100%
70% 100%
48.98% 48.98% 2.04%
100%
(1) 51%
(2) 29%
(3) 20%
15
– 47 –
(1)
100%
70% 241,376.28 86,171.34 48,999.39 33,792.68 168,963.41
48.98% 211,923.31 52,938.02 30,102.01 20,760.02 103,800.05
100% 41,819.98 21,328.19 12,127.80 8,364.00 41,819.99
314,583.45
(1) 3.85%
– 48 –
(1)
(2)
(3)
(4)
(1) (2)
60
– 49 –
2.
10 10
3,116.45 1,695.06 218.64 161.89 266.18 198.23 60×2 –
4,048.80 1,604.29 327.35 245.15 329.72 245.12 66×2 –
1,186.65 351.44 0.00 0.00 0.00 0.00 – 100×2
V.
– 50 –
37.19% 62.81%
– 51 –
14
252
100
VI.
600023 64% 36%
– 52 –
7.68%
45%
30% 25%
7.68% 75% 25%
5% 82.56% 17.44%
46.84%
– 53 –
VII.
46.84%
14.24
14.22 14A.81
A
25% 100%
25% 75%
A
A
– 54 –
VIII.
371,200
(1) 364,900
1,360,900
996,000
(2) 6,300
208,200
201,900
236,690.9
232,535.3
142,297.8 135,726.6
– 55 –
IX.
(i) (2)
6
4,534,199,224 A
45.97% 85,862,000
H 0.87% (i)
(ii)
– 56 –
X.
XI.
*
– 57 –
Huadian Power International Corporation Limited*
1071
11 57
58 59 95
*
– 58 –
88
173
12 1209
(1)
(2)
(3)
A.
21,237.4178 (i)
13,609.4178
(ii) 7,628
37.19%
– 59 –
B.
2,082.23
C.
3,146
70% 48.98% 100%
A
(i)
(ii)
(iii)
(i)
(ii)
(iii)
– 60 –
(iv)
(i) 13.84
(ii)
13.80
(i)
– 61 –
(ii)
(iii)
(iv)
– 62 –
%
89,382,243 91,752,980 (2.58)
8,790,151 8,215,730 6.99
4,166,756 3,385,324 23.08
89,382
2.58%
8,790
6.99%
4,167 23.08%
– 63 –
67
58,448 43,160
7,340
7,948
V.
A.
GDP 6%
30
9.1-9.5 4.3%-5.2%
1.8 1.4
23.7 7.7%
– 64 –
17.8% 17.8% 17.6% 18.5% 19.5%
67.9% 68.9% 70.4% 71.1% 71.8%
4.8% 4.8% 4.2% 3.8% 3.5%
6.1% 5.5% 5.2% 4.7% 4.0%
3.4% 3.1% 2.5% 1.8% 1.1%
71.8%
67.9%
67 58,448 43,160
7,340
7,948
37.19%
– 65 –
B.
17.3% 22.8%
17.1%
2 × 1000
20
119 156
170
2,367
– 66 –
GDP
GDP
4,178 3,989 3,633 3,383 3,085
192,928 186,432 174,524 158,151 149,565
155,443 155,942 153,273 143,467 138,509
GDP 30,850
41,780 7.9%
149,565
192,928 6.6%
1.
– 67 –
3,494.66 2,646.06
3,140.01 2,383.65
121,551.08
21,088.71
27
II.
(1)
(2)
(3)
21,237.4178
5,897.4735
15,339.9443
37.19%
– 68 –
21,237.4178
35,867
(1)
13,609.4178
(i)
(ii) (iii)
(i)
(ii)
5
– 69 –
(i)
(ii)
A.
20
– 70 –
B.
C.
7.8%
(i)
(ii) (iii) β (iv)
– 71 –
3.14% 10
10
3.2174% 3.14%
7.50%
D.
521.9
(i)
(ii)
– 72 –
13,609
(i)
(ii)
(iii)
(i)
(ii)
5
– 73 –
A.
1. 4
2.
4
3.
4.
– 74 –
4
1.
60%
13.8
2.
90%
39.6
3.
70%
14.5
4.
80%
381.7
2.1
4
5%
4
– 75 –
B.
1. 23
2.
23
3.
4.
5.
6.
7.
8.
9.
10.
11. (i)
12.
(ii)
23
– 76 –
13. A.
14. 23
15.
16.
20 25
17.
18. B.
19. 23
20.
21.
22.
23.
– 77 –
C.
23
7.6% 7.8%
(i)
(ii)
(iii)
(iv)
4
– 78 –
(2)
7,628
37.19%
(I)
A. 13,609.4178
B. 7,628
21,237.4178
(II)
A. 100% 35,867
B. 13,609.4178
C. 7,628
57,104.4178
(III) 37.19%
21,237.4178
57,104.4178
37.19%
– 79 –
(A)
(B)
(C) (i)
(ii) (D)
37.19%
15
30
– 80 –
2.
(1)
(2)
– 81 –
(1)
(1)
(2)
(2)
– 82 –
439.3657
1,642.8566
30
2,082.2223
(i)
(ii)
(iii)
(i)
– 83 –
(ii)
5
A.
1. 2
2
2.
2
1.
10.1
80%
0.9
– 84 –
2.
4.3
0.5
2
B.
1. 10
10
2.
3.
4.
5.
6.
– 85 –
7.
100%
8. (i)
100%
9. (ii)
100%
10
10.
60.3803% A.
20 25
B.
– 86 –
C.
10
7.6% 7.8%
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
– 87 –
(ix)
(x)
10
– 88 –
60
3.
(i)
588.1 (ii)
599.7
– 89 –
66.8
991 SH601991
902 SH600011
SH600795
(1)
(2)
(i) 70%
(ii) 48.98% (iii) 100%
70% 48.98% 100%
3,146 (i)
70% 1,690 (ii)
48.98% 1,038 (iii)
100% 418
– 90 –
100%
(1) 51%
(2) 29%
(3) 20%
15
– 91 –
100%
4,951
3,146
(i) (ii)
(iii)
(i)
(ii)
5
– 92 –
(i)
(ii)
73% 83% 77%
BSPI
BSPI
BSPI
BSPI
– 93 –
60
4.
3,712
i. 3,649
13,609 9,960
ii. 63
2,082
2,019
– 94 –
236,690.9
232,535.3
142,297.8
135,726.6
(i)
(ii)
6 25
– 95 –
1.
(www.hkex.com.hk)
(www.hdpi.com.cn)
56 164
https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0417/ltn20190417336_c.pdf
47 132
https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0423/2020042300457_c.pdf
51 132
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0426/2021042600789_c.pdf
2.
96,121
270 (i)
66,025 (ii) 6,507 (iii) 53
(iv) 9,969 (v) 12,495 (vi)
802
– 96 –
3.
4.
207.32
3.62% 194.55 3.42%
89,382
2.58%
4,167 23.08%
3,249 0.329
– 97 –
I.
A.
B.
B.1
(i) (ii)
11,717
8,107.8
8,339.0 9,372.5
2,255
2,329.8
2,487.8 2,502.3
10,485.9 10,872.4
11,922.2
– 98 –
B.2
5,409.6 5,885.3
6,187.3
B.3
170.2 170.5
256.9
B.4
2,720.1 2,573.5
2,667.5
2,720.1
2,573.5
– 99 –
2,573.5
2,667.5
B.5
2,364.9 2,383.7
3,140.0
C.
14,715.7 16,815.2 21,378.3
16,014.3 15,822.9 43,427.2
2,812.3 2,551.0 3,260.6
56,347.0 56,767.7
69,384.0
– 100 –
63.4% 60.4% 57.1%
D.
5%
17.2 15.8
16.4
E.
2,802.9 4,068.1 1,487.3
F.
16,345.4 15,136.8 15,459.4
9,949.2 10,457.5 9,753.7
– 101 –
G.
H.
(i)
9,059,063,000 (ii)
9,055,732,000 (iii)
I.
2,770
509.1 581.3 602.3
J.
– 102 –
II.
A.
B.
B.1
(i) (ii) (iii)
1,938.5
1,911.1 1,714.2
45.0
50.0 43.4
31.9
32.2 33.8
– 103 –
1,200
2,015.4 1,993.3 1,791.3
B.2
1,761.0 1,697.1
1,480.9
B.3
16.5 14.4 17.3
B.4
14.0 10.9 10.0
B.5
– 104 –
92.4 78.2 57.6
B.6
130.4 161.9 198.2
C.
783.0 618.2 599.7
1,368.0 951.4 1,034.1
230.2 16.8 168.4
2,013.9 1,488.9 1,077.1
4.42% 4.37% 3.99%
– 105 –
55.29% 47.75% 37.29%
D.
E.
44.6 38.8
F.
G.
H.
I.
349
– 106 –
68.4 73.7 93.3
J.
III.
A.
B.
B.1
(i) (ii)
(iii)
1,905.1 2,020.9
– 107 –
1,766.4
28.0
40.1 52.3
23.4
24.0 36.1
1,320
1,956.5 2,085.0 1,854.8
B.2
1,601.2 1,629.1
1,432.1
B.3
7.2 4.9 8.4
– 108 –
B.4
6.2 6.6 5.9
B.5
157.9 134.7 104.2
B.6
213.4 245.1 245.1
C.
680.2 571.5 525.3
752.5 874.7 1,391.9
– 109 –
107.2 47.0 76.8
3,159.1 2,510.8 1,683.9
4.63% 4.58% 4.17%
71.06% 59.53% 53.17%
D.
E.
221.8 107.8 39.4
– 110 –
F.
G.
H.
I.
327
71.5 76.8 92.1
J.
– 111 –
IV.
A.
B.
B.1
B.2
B.6
C.
69.5 57.6 66.8
131.1 131.4 330.4
– 112 –
69.2 57.6 66.8
170.0 250.0 420.0
4.41% 4.41% 4.00%
77.53% 72.30% 35.59%
D.
E.
79.7 1,804.5 2,754.3
F.
– 113 –
G.
H.
I.
79
5.8 10.5 14.7
J.
2,000
– 114 –
Ernst & Young
Tel : +852 2846 9888
27/F, One Taikoo Place
979 Fax : +852 2868 4432
979 King’s Road
27 ey.com
Quarry Bay, Hong Kong
117 213
117 213
2.1 2.2
200
– 115 –
2.1 2.2
2.1
2.2
117
31(b)
– 116 –
I
– 117 –
5 10,485,940 10,872,368 11,922,234
8(b) (4,043,131) (4,218,702) (4,413,755)
8(a) (509,051) (581,298) (602,320)
(207,053) (282,686) (367,624)
(126,843) (131,149) (133,490)
(96,810) (99,416) (132,284)
(426,669) (572,009) (537,847)
(5,409,557) (5,885,260) (6,187,320)
5,076,383 4,987,108 5,734,914
6 170,206 170,471 256,860
7 32,962 28,735 40,479
7 (2,753,093) (2,602,282) (2,707,938)
32,494 62,025 170,341
8 2,558,952 2,646,057 3,494,656
9 (194,037) (262,405) (354,644)
2,364,915 2,383,652 3,140,012
2,275,661 2,296,668 3,005,916
89,254 86,984 134,096
2,364,915 2,383,652 3,140,012
– 118 –
2,364,915 2,383,652 3,140,012
18,100 676 (44,516)
(93,626) (14,463) (46,421)
(75,526) (13,787) (90,937)
2,289,389 2,369,865 3,049,075
2,200,135 2,282,881 2,914,979
89,254 86,984 134,096
2,289,389 2,369,865 3,049,075
– 119 –
13 68,804,824 70,153,934 82,562,440
14(b) – 2,691,339 2,706,832
14(a) 824,968 – –
15 820,173 1,099,689 1,462,673
15 268,946 268,946 268,946
17 483,971 541,654 10,057,837
18 2,535,204 2,112,148 2,775,906
28(b) 352,552 343,706 338,121
74,090,638 77,211,416 100,172,755
19 62,907 57,010 55,402
20 7,435,208 12,567,668 16,289,727
21 4,392,778 1,622,255 1,718,540
28(a) 9,980 1,176 7,650
22 2,449 16,131 46,428
23 2,812,347 2,550,975 3,260,581
14,715,669 16,815,215 21,378,328
24(b) 6,484,484 6,258,293 14,847,693
25 59,972 – –
26 606,350 778,736 1,207,273
27 8,813,528 8,717,746 27,267,131
29 9,223 9,625 6,887
28(a) 40,733 58,538 98,179
16,014,290 15,822,938 43,427,163
1,298,621 (992,277) 22,048,835
72,792,017 78,203,693 78,123,920
– 120 –
24(a) 49,862,554 50,509,367 54,536,337
25 1,153,461 – –
14(c) – 1,694,098 1,646,748
29 308,933 284,424 269,864
28(b) 50,352 47,588 42,161
30 – – 540,097
51,375,300 52,535,477 57,035,207
21,416,717 25,668,216 21,088,713
31 181,900 271,900 397,000
20,348,215 24,303,143 19,366,157
20,530,115 24,575,043 19,763,157
886,602 1,093,173 1,325,556
21,416,717 25,668,216 21,088,713
– 121 –
31(c) 31(d)(i) 31(d)(ii) 31(d)(iii) 31(d)(iv) 31(d)(v)
160,000 16,458,764 28,844 19,965 (30,807) 2,153,160 18,789,926 827,828 19,617,754
– – – – – 2,275,661 2,275,661 89,254 2,364,915
– – – 18,100 (93,626) – (75,526) – (75,526)
– – – 18,100 (93,626) 2,275,661 2,200,135 89,254 2,289,389
21,900 – – – – – 21,900 30,949 52,849
– – – – – – – (61,429) (61,429)
31(b) – – – – – (48,000) (48,000) – (48,000)
31 – 893,737 – – – (1,316,860) (423,123) – (423,123)
– (10,723) – – – – (10,723) – (10,723)
– – 3,731 – – (3,731) – – –
181,900 17,341,778* 32,575* 38,065* (124,433)* 3,060,230* 20,530,115 886,602 21,416,717
– 122 –
31(c) 31(d)(i) 31(d)(ii) 31(d)(iii) 31(d)(iv) 31(d)(v)
181,900 17,341,778 32,575 38,065 (124,433) 3,060,230 20,530,115 886,602 21,416,717
– – – – – 2,296,668 2,296,668 86,984 2,383,652
– – – 676 (14,463) – (13,787) – (13,787)
– – – 676 (14,463) 2,296,668 2,282,881 86,984 2,369,865
90,000 – – – – – 90,000 164,202 254,202
– – – – – – – (44,615) (44,615)
31 – 2,785,856 – – – (1,113,809) 1,672,047 – 1,672,047
– – 5,893 – – (5,893) – – –
271,900 20,127,634* 38,468* 38,741* (138,896)* 4,237,196* 24,575,043 1,093,173 25,668,216
– 123 –
31(c) 31(d)(i) 31(d)(ii) 31(d)(iii) 31(d)(iv) 31(d)(v)
271,900 20,127,634 38,468 38,741 (138,896) 4,237,196 24,575,043 1,093,173 25,668,216
– – – – – 3,005,916 3,005,916 134,096 3,140,012
– – – (44,516) (46,421) – (90,937) – (90,937)
– – – (44,516) (46,421) 3,005,916 2,914,979 134,096 3,049,075
125,100 9,595,684 – – – – 9,720,784 298,407 10,019,191
– – – – – – – (157,171) (157,171)
31(b) – – – – – (87,000) (87,000) – (87,000)
31 – (13,657,864) – – – (3,706,714) (17,364,578) – (17,364,578)
– – 36,024 – – (36,024) – – –
– 3,569 – – – – 3,569 (42,949) (39,380)
– 360 – – – – 360 – 360
397,000 16,069,383* 74,492* (5,775)* (185,317)* 3,413,374* 19,763,157 1,325,556 21,088,713
*
20,348,215,000 24,303,143,000 19,366,157,000
– 124 –
2,558,952 2,646,057 3,494,656
8(b) 4,043,131 4,218,702 4,413,755
8(b) 312 187,885 66,209
29 (13,722) (30,661) (21,576)
6 (666) (2,886) 4,706
6 – – (38,981)
7 (25,839) (21,725) (33,628)
7 2,731,890 2,585,692 2,688,196
7 7,135 (112) (479)
7 (7,123) (6,898) (6,372)
(32,494) (62,025) (170,341)
(2,449) (13,682) (30,297)
(4,381) 5,897 1,608
286,127 (5,132,460) (3,534,349)
39,439 2,258,618 (41,492)
(1,468,467) 756,587 642,226
8,111,845 7,388,989 7,433,841
28(a) (207,590) (229,192) (297,456)
7,904,255 7,159,797 7,136,385
(5,688,224) (6,955,649) (13,974,766)
39(c) – – (43,591)
18,460 90,760 63,730
– – (33,454)
62,747 22,368 26,401
25,839 21,725 33,628
(5,581,178) (6,820,796) (13,928,052)
915,637 2,874,448 4,586,425
30,949 164,202 298,407
23(c) 12,064,076 12,829,397 26,409,700
23(c) (11,444,275) (12,408,819) (14,239,244)
23(c) (742,295) (1,026,857) (400,262)
23(c) (2,606,126) (2,697,671) (3,025,385)
23(c) (178,093) (334,491) (653,967)
– – (39,380)
– – (5,434,438)
(1,960,127) (599,791) 7,501,856
362,950 (260,790) 710,189
23(a) 2,447,788 2,812,347 2,550,975
1,609 (582) (583)
23(a) 2,812,347 2,550,975 3,260,581
– 125 –
924,089 982,354 1,089,481
– 40,508 38,474
762,338 1,041,315 1,395,947
– – 27,513,496
– – 9,496,854
45,145 27,334 –
10,464 12,193 12,115
1,742,036 2,103,704 39,546,367
3,403 2,735 2,333
105,376 213,913 339,017
104,465 78,862 487,921
47,036 20,093 337,427
260,280 315,603 1,166,698
2,002,316 2,419,307 40,713,065
73,053 76,900 5,919,770
184,238 136,810 188,016
549,970 447,217 12,936,945
3,697 7,441 10,966
810,958 668,368 19,055,697
550,678 352,765 17,888,999
1,191,358 1,750,939 21,657,368
942,019 1,352,674 1,639,043
942,019 1,352,674 1,639,043
1,752,977 2,021,042 20,694,740
249,339 398,265 20,018,325
181,900 271,900 397,000
67,439 126,365 19,621,325
249,339 398,265 20,018,325
– 126 –
II
1.
231 21
2.1
(a)
(b)
(c)
(i) (ii)
(iii) (i) (ii)
(iii)
– 127 –
22,048,835,000
11,321,207,000
34 (b)
40
2.2
4
3
16
16 17 4
15 27
16 17
17
16
16
17
16
17 4
17 4
16
– 128 –
16
16
12
(i) (ii)
36
1,203,469,000
16
12
37
.
17
– 129 –
16
2,279,963
(1,203,469)
(824,968)
(6,597)
244,929
1,355,918
102,444
(1,213,433)
244,929
172,852
907
1,509,120
16 1,681,065
4.70%
1,458,362
– 130 –
23
23 12
12
(i) (ii)
(iii)
(iv)
3 2
9 2 1
39
7
4
16
10 4
28
17 3
17 3
1 3
16 2
37 2
1 9
16
41 2
1.
2.
3.
4.
– 131 –
4.
(a)
(b)
4(j)
4(k)
4(j)
(c)
– 132 –
12 19
4(j)
(a)
(b)
(c)
(d)
(e)
(f)
(d)
4(j)
4(w)
– 133 –
5 30
5 30
6 10
5 18
(e)
(f)
4(j)
4(j)
(g)
22 23
5 10
– 134 –
(h)
(i)
(1)
6 70
27 28
2 20
6 20
5 10
(2)
– 135 –
(3)
(ii)
(1)
(2)
4(d)
4(j)
(3)
4(j)
(4)
– 136 –
(i)
1
2
3
(j)
– 137 –
(k)
15 4(u)
– 138 –
32
– 139 –
(l)
(a)
(b)
(m)
12 12
30
90
– 140 –
12
(n)
(i) (ii)
– 141 –
(o)
(p)
(q)
(r)
(i)
(ii)
– 142 –
(s)
– 143 –
(t)
(i)
4(t)(ii)
4(t)(ii)
(ii)
(u)
15
(i)
(ii)
– 144 –
4(u)(i)
(v)
(w)
– 145 –
(x)
(y)
(z)
(aa)
(a)
(b)
(c)
(ab)
(1)
(a)
(b)
(c)
(2)
(a)
(b)
(c)
(d)
– 146 –
(e)
(f) (1)
(g) (1)(a)
(h)
(ac)
5.
10,437,592 10,826,811 11,874,786
516 315 301
38,769 21,269 21,113
10,476,877 10,848,395 11,896,200
9,063 23,973 26,034
10,485,940 10,872,368 11,922,234
– 147 –
(i)
8,107,765 2,329,827 10,437,592
516 – 516
19,309 19,460 38,769
8,127,590 2,349,287 10,476,877
8,076,064 2,349,287 10,425,351
51,526 – 51,526
8,127,590 2,349,287 10,476,877
8,092,098 2,339,149 10,431,247
35,492 10,138 45,630
8,127,590 2,349,287 10,476,877
8,338,970 2,487,841 10,826,811
315 – 315
4,466 16,803 21,269
8,343,751 2,504,644 10,848,395
8,294,012 2,504,644 10,798,656
49,739 – 49,739
8,343,751 2,504,644 10,848,395
8,341,218 2,487,841 10,829,059
2,533 16,803 19,336
8,343,751 2,504,644 10,848,395
– 148 –
9,372,458 2,502,328 11,874,786
301 – 301
11,693 9,420 21,113
9,384,452 2,511,748 11,896,200
9,307,235 2,511,748 11,818,983
77,217 – 77,217
9,384,452 2,511,748 11,896,200
9,380,409 2,502,718 11,883,127
4,043 9,030 13,073
9,384,452 2,511,748 11,896,200
8,127,590 2,349,287 10,476,877
3,681 – 3,681
(3,681) – (3,681)
8,127,590 2,349,287 10,476,877
8,343,751 2,504,644 10,848,395
5,796 – 5,796
(5,796) – (5,796)
8,343,751 2,504,644 10,848,395
– 149 –
9,384,452 2,511,748 11,896,200
12,184 – 12,184
(12,184) – (12,184)
9,384,452 2,511,748 11,896,200
– 4,346 1,697
* 4,346,000
1,697,000
(ii)
8,142 8,142 8,142
8,142 8,142 8,142
– 150 –
6.
(i) 167,900 163,812 192,417
666 2,886 (4,706)
(ii) – – –
– – 38,981
1,640 3,773 30,168
170,206 170,471 256,860
(i)
167,900,000 163,812,000 192,417,000
(ii)
80,345,000 317,841,000 396,771,000
7.
25,839 21,725 33,628
7,123 6,898 6,372
– 112 479
32,962 28,735 40,479
2,857,224 2,635,742 2,985,555
15,885 – –
14 – 62,387 43,941
(141,219) (112,437) (341,300)
2,731,890 2,585,692 2,688,196
14,068 16,590 19,742
7,135 – –
2,753,093 2,602,282 2,707,938
(2,720,131) (2,573,547) (2,667,459)
3.80% 5.15% 3.92% 5.88% 4.10% 5.90%
– 151 –
8.
(a)
463,107 512,176 584,769
45,944 69,122 17,551
509,051 581,298 602,320
(b)
(i) 24,725 – –
38,715 46,737 50,053
(i) 3,979,691 4,073,673 4,251,600
– 98,292 112,102
13 312 187,885 66,209
21 (748) 21,664 (2,299)
20 (16) (325) –
– 6,479 (27)
6,406 7,812 7,977
3,953 2,147 2,000
1,694 4,927 3,187
12,426 2,867 7,807
70,908 71,400 103,775
(i) 16
– 152 –
9.
(a)
188,946 260,392 338,751
14,032 (4,591) (8,128)
202,978 255,801 330,623
28(b) (8,941) 6,604 24,021
194,037 262,405 354,644
25%
16.5% 25%
(b)
2,558,952 2,646,057 3,494,656
25% 25% 25%
639,738 661,514 873,664
789 1,358 1,641
(9,904) (17,231) (44,178)
(i) (472,997) (402,672) (500,769)
35,393 35,984 38,951
(13,014) (11,957) (6,537)
14,032 (4,591) (8,128)
194,037 262,405 354,644
(i) [2011]58
15% [2020]23
15%
– 153 –
10.
135 300 90 525
143 317 93 553
278 617 183 1,078
162 361 91 614
143 257 95 495
305 618 186 1,109
*
(i) – – – –
*
(i) – – – –
*
(i) – – – –
(i) 100 223 91 414
*
(ii) – – – –
(iii) 59 132 40 231
(iii) (iv) 83 186 55 324
*
(iv) – – – –
242 541 186 969
– 154 –
*
(i)
(ii)
(iii)
(iv)
11.
10
12.
– 155 –
8,107,765 2,329,827 10,437,592
516 – 516
23,398 24,434 47,832
3,681 – 3,681
8,135,360 2,354,261 10,489,621
(3,681) – (3,681)
8,131,679 2,354,261 10,485,940
3,906,696 1,339,893 5,246,589
(3,194,672) (848,459) (4,043,131)
18,599 7,240 25,839
(2,182,195) (549,695) (2,731,890)
– (312) (312)
1,042 (278) 764
8,857,517 536,282 9,393,799
69,132,440 18,720,371 87,852,811
53,791,584 13,710,711 67,502,295
8,338,970 2,487,841 10,826,811
315 – 315
16,979 28,263 45,242
5,796 – 5,796
8,362,060 2,516,104 10,878,164
(5,796) – (5,796)
8,356,264 2,516,104 10,872,368
3,767,231 1,390,424 5,157,655
– 156 –
(3,361,595) (857,107) (4,218,702)
17,164 4,561 21,725
(2,063,467) (522,225) (2,585,692)
(179,173) (8,712) (187,885)
(20,928) (411) (21,339)
(6,479) – (6,479)
9,847,398 524,085 10,371,483
75,033,249 17,976,201 93,009,450
56,039,978 12,387,896 68,427,874
9,372,458 2,502,328 11,874,786
301 – 301
29,434 17,713 47,147
12,184 – 12,184
9,414,377 2,520,041 11,934,418
(12,184) – (12,184)
9,402,193 2,520,041 11,922,234
4,679,895 1,329,891 6,009,786
(3,585,861) (827,894) (4,413,755)
28,802 4,826 33,628
(2,144,303) (543,893) (2,688,196)
(66,209) – (66,209)
4,324 (2,025) 2,299
27 – 27
416,788,519 3,584,323 420,372,842
90,339,700 20,197,298 110,536,998
68,289,997 14,671,860 82,961,857
– 157 –
(b)
10,485,940 10,872,368 11,922,234
10,485,940 10,872,368 11,922,234
5,246,589 5,157,655 6,009,786
– (76) (18,012)
32,494 62,025 170,341
(2,720,131) (2,573,547) (2,667,459)
2,558,952 2,646,057 3,494,656
87,852,811 93,009,450 110,536,998
(203,790) (175,585) (232,352)
87,649,021 92,833,865 110,304,646
483,971 541,654 10,057,837
310,783 306,230 235,227
352,552 343,706 338,121
9,980 1,176 7,650
– – 607,602
88,806,307 94,026,631 121,551,083
67,502,295 68,427,874 82,961,857
(203,790) (175,585) (232,352)
67,298,505 68,252,289 82,729,505
40,733 58,538 98,179
50,352 47,588 42,161
– – 17,592,525
67,389,590 68,358,415 100,462,370
(c)
(d)
10,435,384,000 10,824,791,000 11,873,060,000
– 158 –
13.
3,915,769 73,547,359 117,900 188,712 5,949,091 83,718,831
10,902 162,456 1,929 4,043 3,104,396 3,283,726
153,359 3,837,500 3,791 7,550 (4,002,200) –
– – (5,077) (338) (6,439) (11,854)
– – – – (31,178) (31,178)
– – – – (3,066) (3,066)
235,372 (221,496) 837 6,171 – 20,884
– 1,581 – – – 1,581
4,315,402 77,327,400 119,380 206,138 5,010,604 86,978,924
16 – (1,379,173) – – – (1,379,173)
4,315,402 75,948,227 119,380 206,138 5,010,604 85,599,751
13,080 3,539 6,117 4,218 7,489,599 7,516,553
105,988 3,161,686 5,557 10,606 (3,283,837) –
(20) (26,344) (4,525) (55) (69,125) (100,069)
(40,678) – – – (446,148) (486,826)
– – – – (7,442) (7,442)
(50,388) (69,089) (1,267) 2,012 – (118,732)
– (1,118) – – – (1,118)
4,343,384 79,016,901 125,262 222,919 8,693,651 92,402,117
(5,584) 63,371 6,961 7,752 16,351,995 16,424,495
514,873 5,088,136 4,688 12,420 (5,620,117) –
– (24,320) (4,587) (595) (40,530) (70,032)
24,352 478,423 – – – 502,775
– 509,211 – – (569,979) (60,768)
– – – – (12,157) (12,157)
32,989 (61,800) (627) (6,186) – (35,624)
– 7,362 – – – 7,362
4,910,014 85,077,284 131,697 236,310 18,802,863 109,158,168
– 159 –
566,656 13,397,242 79,365 116,389 41,617 14,201,269
163,138 3,796,617 8,804 15,082 – 3,983,641
– – (3,923) (207) – (4,130)
(iv) – – – – 312 312
3,050 (11,023) 760 (296) – (7,509)
– 517 – – – 517
732,844 17,183,353 85,006 130,968 41,929 18,174,100
16
– (175,704) – – – (175,704)
732,844 17,007,649 85,006 130,968 41,929 17,998,396
178,726 3,878,062 9,814 11,838 – 4,078,440
(2) (7,797) (4,299) (49) (3,963) (16,110)
(iii) (iv) – 54,988 – – 132,897 187,885
(13,206) 14,716 (607) (903) – –
– (428) – – – (428)
898,362 20,947,190 89,914 141,854 170,863 22,248,183
192,550 4,078,976 11,816 13,783 – 4,297,125
– (13,519) (4,371) (517) (613) (19,020)
(iii) (iv) – 553 – – 65,656 66,209
(4,469) 5,923 (821) (633) – –
– 3,231 – – – 3,231
1,086,443 25,022,354 96,538 154,487 235,906 26,595,728
3,582,558 60,144,047 34,374 75,170 4,968,675 68,804,824
3,582,558 58,940,578 34,374 75,170 4,968,675 67,601,355
3,445,022 58,069,711 35,348 81,065 8,522,788 70,153,934
3,823,571 60,054,930 35,159 81,823 18,566,957 82,562,440
– 160 –
(i)
(ii)
16,345,416,000
15,136,833,000 15,459,438,000
(iii)
380,634,000
49,249,000
5.9%
(iv)
312,000 132,897,000
65,656,000
14.
6 70
2 20 6 20
(a)
808,048
41,645
(24,725)
824,968
– 161 –
(b)
– 1,064,514 17,537 1,197,912 – 2,279,963
– 22,770 3,309 – – 26,079
– 62,716 – 424,110 – 486,826
– (38,857) (2,582) (60,090) – (101,529)
– 1,111,143 18,264 1,561,932 – 2,691,339
– 1,111,143 18,264 1,561,932 – 2,691,339
– 27,194 53,835 – 145 81,174
36,785 35,009 – 498,185 – 569,979
– – – (509,211) – (509,211)
– (44,926) (6,497) (64,094) (27) (115,544)
– – (10,905) – – (10,905)
36,785 1,128,420 54,697 1,486,812 118 2,706,832
(c)
1,458,362 1,802,157
678,286 641,406
7 62,387 43,941
(396,878) (697,908)
1,802,157 1,789,596
27 108,059 142,848
1,694,098 1,646,748
34
795,988,000
631,177,000
726,993,000
– 162 –
(d)
62,056 43,610
8 98,292 112,102
7,794 10,994
168,142 166,706
(e) 23(d) 34
15.
865,945 98,907 268,946 1,233,798
80,345 28,533 – 108,878
– 3,066 – 3,066
946,290 130,506 268,946 1,345,742
317,841 1,346 – 319,187
– 7,442 – 7,442
1,264,131 139,294 268,946 1,672,371
396,771 7,097 – 403,868
– 12,157 – 12,157
(4,411) – – (4,411)
1,656,491 158,548 268,946 2,083,985
– 163 –
150,243 67,317 – 217,560
33,832 5,231 – 39,063
184,075 72,548 – 256,623
38,943 8,170 – 47,113
223,018 80,718 – 303,736
41,242 9,323 – 50,565
(1,935) – – (1,935)
262,325 90,041 – 352,366
762,215 57,958 268,946 1,089,119
1,041,113 58,576 268,946 1,368,635
1,394,166 68,507 268,946 1,731,619
268,946 268,946 268,946
5.6% 6.6% 5.5% 6.7% 5.9% 6.7%
– 164 –
16.
842,000 100% –
339,000 100% –
595,000 100% –
219,020 100% –
480,000 100% –
183,500 100% –
292,320 70% –
405,250 100% –
250,000 65% –
(ii)
75,000 60% –
80,000 65% –
(ii)
722,000 100% –
207,000 100% –
291,000 100% –
– 165 –
215,000 98% –
354,400 85% –
284,000 100% –
348,000 100% –
100% –
390,000
Elecdey Barchin, S.A.– 100% –
Sociedad Unipersonal 200
20,000 56% –
496,600 100% –
(i)
(ii)
– 166 –
17.
(i) – – 9,496,854
(ii) 483,971 541,654 560,983
483,971 541,654 10,057,837
238,988 299,556 348,086
(i)
39% 10%
49% 9,400,284,000
96,570,000
(ii) 10.49%
17,361,530 39% –
12,161,970 10% –
– 10.49%
125,000
10%
51%
– 167 –
6,731,834 3,645,469 3,566,432 3,451,499 5,663,445
73,878,873 61,438,676 13,846,317 15,386,908 12,864,776
10,076,509 9,233,048 9,402,140 3,293,916 4,329,308
48,961,916 39,837,055 3,463,929 10,591,086 8,704,471
21,572,282 16,014,042 4,546,680 4,953,405 5,494,442
9,528,874 6,466,016 1,414,070 1,824,429 2,000,754
1,876,069 1,295,684 513,849 632,713 684,208
(58) (7,112) (9,861) (2,034) 24,891
1,876,011 1,288,572 503,988 630,679 709,099
1,845,000 – 7,458 15,469 20,030
21,572,282 16,014,042 4,546,680 4,953,405 5,494,442
39% 10% 10.29% 10.35% 10.49%
8,413,190 1,601,404 467,853 512,677 576,367
– – 16,118 16,118 16,118
(585,000) – – – –
7,828,155 1,599,201 483,971 541,654 560,983
– – 69,498
– – 4,543
– 168 –
18.
(i) 1,993,042 1,632,747 2,345,165
(ii) 99,369 96,283 81,383
(iii) – – 32,000
(iv) 211,414 209,947 153,844
231,379 173,171 163,514
2,535,204 2,112,148 2,775,906
(i)
21
(ii)
(iii)
100
32
5 3 2
5
2 7
12
9
(iv) HK.03996
– 169 –
19.
62,907 57,010 55,402
20.
7,438,607 12,572,412 16,295,563
– 729 729
3,521 1,122 30
(6,920) (6,595) (6,595)
7,435,208 12,567,668 16,289,727
674,291 693,773 780,208
6,520,750 11,631,870 15,316,987
240,167 242,025 192,532
7,435,208 12,567,668 16,289,727
(a)
7,412,662 12,547,580 16,260,103
19,329 6,308 16,082
3,217 11,105 200
– 2,675 13,342
7,435,208 12,567,668 16,289,727
– 170 –
15 30
(b)
6,936 6,920 6,595
(16) (325) –
6,920 6,595 6,595
[2020]4
[2020]5
[2012]102
9
– 171 –
– – – 9.2% 100.0%
6,520,750 651,745 19,329 3,542 6,595 7,201,961
– – – (325) (6,595) (6,920)
– – – – 71.1%
11,631,870 673,685 6,308 11,105 9,270 12,332,238
– – – – (6,595) (6,595)
– – – – 33.1%
15,316,987 750,584 16,082 200 19,937 16,103,790
– – – – (6,595) (6,595)
– 172 –
21.
92,333 92,333 92,333
17,597 15,039 12,255
2,850,252 361,429 195,734
96,994 38,888 154,809
18(i) 1,233,846 1,040,826 1,142,907
68,636 63,155 66,740
127,500 126,491 167,369
(94,380) (115,906) (113,607)
4,392,778 1,622,255 1,718,540
95,128 94,380 115,906
328 21,664 4,603
(1,076) – (6,902)
– (138) –
94,380 115,906 113,607
0.0% 90.8% 0.2% 96.6% 1.3% 95.9%
22.
– 173 –
23.
(a)
7 – –
566,924 212,725 199,650
(i) 2,247,865 2,354,381 3,107,359
2,449 16,131 46,428
2,812,347 2,550,975 3,260,581
(i)
(b)
678,286,000 678,286,000 641,406,000
641,406,000
(c)
24 25
54,088,902 3,011,779 226,726 57,327,407
12,064,076 – – 12,064,076
(11,444,275) – – (11,444,275)
– (178,093) – (178,093)
– – (742,295) (742,295)
(2,606,126) – – (2,606,126)
(1,986,325) (178,093) (742,295) (2,906,713)
2,198 – – 2,198
7 – 15,885 – 15,885
– 174 –
24 25
7 2,716,005 – – 2,716,005
141,219 – – 141,219
(251,099) – – (251,099)
1,636,138 (1,636,138) – –
– – 61,429 61,429
31(d) – – 48,000 48,000
31(d) – – 1,316,860 1,316,860
4,242,263 (1,620,253) 1,426,289 4,048,299
56,347,038 1,213,433 910,720 58,471,191
24 14 25 30
56,347,038 1,213,433 910,720 58,471,191
16 – 244,929 – 244,929
56,347,038 1,458,362 910,720 58,716,120
12,829,397 – – 12,829,397
(12,408,819) – – (12,408,819)
– (334,491) – (334,491)
– – (1,026,857) (1,026,857)
(2,635,284) (62,387) – (2,697,671)
(2,214,706) (396,878) (1,026,857) (3,638,441)
46 – – 46
7 2,534,301 51,391 – 2,585,692
101,441 10,996 – 112,437
(460) – – (460)
– 175 –
24 14 25 30
– 678,286 – 678,286
– – 44,615 44,615
31(d) – – 1,113,809 1,113,809
2,635,282 740,673 1,158,424 4,534,379
56,767,660 1,802,157 1,042,287 59,612,104
24 14 30
56,767,660 1,802,157 1,042,287 59,612,104
26,409,700 – – 26,409,700
(14,239,244) – – (14,239,244)
– (653,967) – (653,967)
– – (400,262) (400,262)
(2,981,444) (43,941) – (3,025,385)
9,189,012 (697,908) (400,262) 8,090,842
(479) – – (479)
7 2,649,068 39,128 – 2,688,196
336,487 4,813 – 341,300
(4,111) – – (4,111)
– 641,406 – 641,406
– – 157,171 157,171
31(d) – – 87,000 87,000
– – 3,588,421 3,588,421
446,393 – – 446,393
3,427,837 685,347 3,832,592 7,945,776
69,384,030 1,789,596 4,474,617 75,648,243
– 176 –
(d)
7,794 10,994
396,878 697,908
404,672 708,902
24.
(a)
(ii) 27,507,150 27,019,774 26,561,573
(i) 23,101,930 22,911,750 25,924,543
– 100,000 410,000
618,614 705,135 682,228
– 1,412,057 3,120,679
– 148,000 313,000
2,702,000 2,568,400 4,155,890
844,943 796,332 683,059
54,774,637 55,661,448 61,850,972
(4,416,244) (4,634,694) (5,889,145)
(69,839) (219,049) (446,577)
(426,000) (193,000) (838,992)
– – (29,250)
– (105,338) (110,671)
49,862,554 50,509,367 54,536,337
(i)
365,928 173,300 219,400
– 177 –
(ii)
16,345,416,000 15,136,833,000 15,459,438,000
9,949,153,000
10,457,538,000 9,753,697,000
(b)
– 7,700 27,350
572,687 864,512 1,236,708
– – 249,000
999,714 234,000 6,020,000
1,572,401 1,106,212 7,533,058
4,416,244 4,634,694 5,889,145
69,839 219,049 446,577
426,000 193,000 838,992
– – 29,250
– 105,338 110,671
6,484,484 6,258,293 14,847,693
(c)
3.90%-6.20% 3.92%-6.20% 3.80%-6.20%
– 5.00% 4.51%-5.00%
2.97%-5.50% 4.41%-4.90% 2.85%-5.30%
5.10% 5.10% 5.10%
0.47%-4.57% 0.47%-5.15% 0.47%-7.70%
2.97%-4.68% 3.50%-4.57% 3.15%-4.90%
4.90% 4.90%-5.10% 4.90%-5.10%
– 178 –
(d)
1 6,484,484 6,258,293 14,847,693
1 2 9,045,096 11,707,684 14,189,975
2 5 19,329,964 22,679,994 17,928,632
5 21,487,494 16,121,689 22,417,730
56,347,038 56,767,660 69,384,030
(e)
844,943 690,994 572,388
– 105,338 110,671
25.
16 8 15
59,972 109,746
1 2 126,236 183,704
2 5 460,633 577,684
5 566,592 637,986
1,153,461 1,399,374
1,213,433 1,509,120
(295,687)
1,213,433
– 179 –
26.
434,561 486,243 548,974
– 179,930 513,367
109,289 112,563 132,247
62,500 – 12,685
606,350 778,736 1,207,273
516,861 484,423 774,790
70,035 257,178 351,529
10,187 19,009 52,074
9,267 18,126 28,880
606,350 778,736 1,207,273
– 180 –
27.
4,021,689 3,876,238 5,252,718
(i) 648,220 663,072 679,844
50,941 79,872 135,754
– – 182,400
– – 29,535
26,611 25,048 22,953
83,864 114,277 140,615
87,129 92,650 95,628
(ii) 2,600,820 2,537,583 10,863,872
(ii) 311,765 354,655 254,643
(ii) 1,835 1,835 1,835
(ii) – 28 448,605
(ii) 886,703 737,466 8,877,302
4,346 1,697 11,364
14 – 108,059 142,848
89,605 125,266 127,215
8,813,528 8,717,746 27,267,131
(i)
(ii)
28.
(a)
35,365 30,753 57,362
9(a) 188,946 260,392 338,751
9(a) 14,032 (4,591) (8,128)
(207,590) (229,192) (297,456)
30,753 57,362 90,529
40,733 58,538 98,179
(9,980) (1,176) (7,650)
30,753 57,362 90,529
– 181 –
(b)
20,600 47,309 13,897 227,375 39,861 – (12,341) (44,159) 2,421 294,963
9(a) (957) (3,399) (273) 3,224 (936) 9,814 762 706 – 8,941
– – – – – – – – (1,430) (1,430)
– – – – – – – – (274) (274)
19,643 43,910 13,624 230,599 38,925 9,814 (11,579) (43,453) 717 302,200
– 182 –
19,643 43,910 13,624 230,599 38,925 9,814 (11,579) (43,453) 717 302,200
9(a) (2,469) (3,759) 2,357 1,827 (1,684) (9,814) 762 6,176 – (6,604)
– – – – – – – – 771 771
– – – – – – – – (249) (249)
17,174 40,151 15,981 232,426 37,241 – (10,817) (37,277) 1,239 296,118
17,174 40,151 15,981 232,426 37,241 – (10,817) (37,277) 1,239 296,118
9(a) 576 (3,759) (346) (17,655) (12,018) – 762 8,419 – (24,021)
– – – – – – – – 4,089 4,089
– – – – – – – – 1,422 1,422
39(b) 3,187 – 18,919 – – – (3,754) – – 18,352
20,937 36,392 34,554 214,771 25,223 – (13,809) (28,858) 6,750 295,960
352,552 343,706 338,121
(50,352) (47,588) (42,161)
302,200 296,118 295,960
(c)
4(s)
355,663,000 165,170,000 100,073,000
23,420,000 16,419,000 12,676,000
27,324,000 20,234,000
29.
324,750 318,156 294,049
7,128 6,554 4,278
(13,722) (30,661) (21,576)
318,156 294,049 276,751
(9,223) (9,625) (6,887)
308,933 284,424 269,864
30.
– – 537,097
– – 3,000
– – 540,097
– 183 –
31.
(a)
160,000 – 28,844 49,286 238,130
– – – 70,832 70,832
– – – (33,523) (33,523)
– – – (48,000) (48,000)
21,900 – – – 21,900
– – 3,731 (3,731) –
181,900 – 32,575 34,864 249,339
181,900 – 32,575 34,864 249,339
– – – 115,098 115,098
90,000 – – – 90,000
– – 5,893 (5,893) –
– – – (56,172) (56,172)
271,900 – 38,468 87,897 398,265
271,900 – 38,468 87,897 398,265
– – – 335,876 335,876
– – – (87,000) (87,000)
125,100 19,320,565 – – 19,445,665
– – 36,024 (36,024) –
– – – (74,481) (74,481)
397,000 19,320,565 74,492 226,268 20,018,325
– 184 –
(b)
(i)
– 87,000 –
(ii)
48,000 – 87,000
(c)
181,900 271,900 397,000
181,900 271,900 397,000
(d)
(i)
16,458,764 17,341,778 20,127,634
– – 9,595,684
893,737 2,785,856 4,338,637
– – (18,114,794)
– – 118,293
893,737 2,785,856 (13,657,864)
(10,723) – –
– – 3,569
– – 360
17,341,778 20,127,634 16,069,383
– 185 –
(ii)
10%
50%
(iii)
4(v)
(iv)
4(k)
(v)
2,153,160 3,060,230 4,237,196
2,275,661 2,296,668 3,005,916
(48,000) – (87,000)
(1,201,262) (952,977) (3,513,943)
(115,598) (160,832) (192,771)
(1,316,860) (1,113,809) (3,706,714)
(3,731) (5,893) (36,024)
3,060,230 4,237,196 3,413,374
(e)
76% 73% 83%
– 186 –
16
67%
32.
6 12
24
2,964,000 21,655,000
233,490,000
16,580,000 592,013,000
22,823,000
6,879,000 2,077,000 10,625,000
– 187 –
33.
6,760,917 – 674,291 7,435,208
– – 3,087,936 3,087,936
– – 2,449 2,449
– – 2,812,347 2,812,347
– 310,783 – 310,783
6,760,917 310,783 6,577,023 13,648,723
6,484,484
59,972
606,350
8,698,707
49,862,554
1,153,461
66,865,528
– 188 –
11,873,895 – 693,773 12,567,668
– – 496,433 496,433
– – 16,131 16,131
– – 2,550,975 2,550,975
– – – –
– 306,230 – 306,230
11,873,895 306,230 3,757,312 15,937,437
6,258,293
778,736
8,576,724
50,509,367
1,694,098
67,817,218
– 189 –
– 15,509,519 – 780,208 16,289,727
– – – 431,280 431,280
– – – 46,428 46,428
– – – 3,260,581 3,260,581
32,000 – – – 32,000
– – 235,227 – 235,227
32,000 15,509,519 235,227 4,518,497 20,295,243
14,847,693
1,207,273
27,092,199
54,536,337
1,646,748
537,097
99,867,347
– 190 –
34.
(a)
99.46% 99.55%
99.62%
* – – – 7,201,961 7,201,961
240,167 – – – 240,167
** 3,087,936 – – – 3,087,936
** – – 94,380 – 94,380
2,449 – – – 2,449
2,812,347 – – – 2,812,347
6,142,899 – 94,380 7,201,961 13,439,240
– 191 –
* – – – 12,332,238 12,332,238
242,025 – – – 242,025
** 496,433 – – – 496,433
** – – 115,846 – 115,846
16,131 – – – 16,131
2,550,975 – – – 2,550,975
3,305,564 – 115,846 12,332,238 15,753,648
* – – – 16,103,790 16,103,790
192,532 – – – 192,532
** 431,280 – – – 431,280
** – – 113,547 – 113,547
46,428 – – – 46,428
3,260,581 – – – 3,260,581
3,930,821 – 113,547 16,103,790 20,148,158
*
20
**
20 21
– 192 –
(b)
3,443,158,000 29,500,344,000
11,321,207,000
1 1 2 2 5 5
24(a) 54,774,637 64,176,116 7,315,130 12,456,544 25,123,007 19,281,435
24(b) 1,572,401 1,582,931 1,582,931 – – –
25 1,213,433 1,509,120 109,746 183,704 577,684 637,986
26 606,350 606,350 606,350 – – –
8,698,707 8,698,707 8,698,707 – – –
66,865,528 76,573,224 18,312,864 12,640,248 25,700,691 19,919,421
1 1 2 2 5 5
24(a) 55,661,448 65,053,710 8,338,206 14,092,919 26,775,949 15,846,636
24(b) 1,106,212 1,022,286 1,022,286 – – –
14(c) 1,802,157 1,494,491 183,674 215,470 584,767 510,580
26 778,736 778,736 778,736 – – –
8,576,724 8,576,724 8,576,724 – – –
67,925,277 76,925,947 18,899,626 14,308,389 27,360,716 16,357,216
– 193 –
1 1 2 2 5 5
24(a) 61,850,972 73,963,003 10,539,338 17,292,142 22,793,362 23,338,161
24(b) 7,533,058 7,896,407 7,896,407 – – –
14(c) 1,789,596 1,767,218 242,061 247,166 679,881 598,110
26 1,207,273 1,207,273 1,207,273 – – –
27,092,199 27,092,199 27,092,199 – – –
99,473,098 111,926,100 46,977,278 17,539,308 23,473,243 23,936,271
(c)
24
11,207,671 16,477,872 16,262,617
– 638,223 450,067
– 7,815 13,553
11,207,671 17,123,910 16,726,237
45,139,367 40,289,788 53,121,413
1,213,433 – –
– 1,055,875 1,196,681
– 100,244 129,295
(2,814,789) (2,567,106) (3,307,009)
43,538,011 38,878,801 51,140,380
54,745,682 56,002,711 67,866,617
– 194 –
100
402,344,000 350,087,000 458,834,000
100
(d)
(i)
(ii)
136,482 21,959 159,613 49,180 57,795 78
10,247 – 10,274 – 9,125 –
2,467 – 3,098 – 1,973 –
(4,426) – (10,957) – (10,476) –
– – (334) (1,950) – –
(282,503) (341,718) (281,358) (349,362) (168,525) (328,240)
(137,733) (319,759) (119,664) (302,132) (110,108) (328,162)
– 195 –
7.8248 7.8314 7.9203 7.8473 7.8155 8.025
0.8561 0.886 0.8687 0.8762 0.8958 0.84164
5%
5,165 4,487 4,129
11,991 11,330 12,306
17,156 15,817 16,435
5%
(e)
18
– 196 –
(f)
(i)
13
6,760,917 – 6,760,917 –
211,414 211,414 – –
99,369 – – 99,369
– 197 –
11,873,895 – 11,873,895 –
209,947 209,947 – –
96,283 – – 96,283
15,509,519 – 15,509,519 –
153,844 153,844 – –
81,383 – – 81,383
32,000 – – 32,000
/
EV/EBITDA / EV/EBIT P/E
P/B
– 198 –
( 32
EV/EBITDA 4.5 12.4 10%
– 10%
– 10%
EV/EBIT 14.0
–
– 1,985,000
P/B 1.1 1.4 9,628,000
1.1 1.5 7,993,000
1.0 1.2
P/E 7.9
8.9
9.3
25% 30% 10%
30% 10%
30% 10%
851,000
4,126,000
3,426,000
7.1%
10%
137,000
– 199 –
(ii)
844,943 851,972 796,332 804,688 683,059 692,803
10,535,771 10,494,103 15,535,539 14,693,123 4,486,690 6,996,402
11,380,714 11,346,075 16,331,871 15,497,811 5,169,749 7,689,205
35.
(a)
2,802,904 4,068,061 1,487,292
(b)
1 5,859
1 5 17,576
5 149,417
172,852
36.
– 200 –
37.
(a)
66,866 22,257 44,977
959,463 1,147,190 1,432,943
175,231 169,280 186,127
59,956 69,693 137,014
– 729 –
(14,874) 1,498,578 1,934,715
– 100,000 310,000
1,183,888 (751,314) 7,538,490
291,028 106,516 752,978
20,808 48,742 35,233
– 28 5,083
98,861 152,861 171,796
11,239 11,772 15,537
– – 8,523,277
– – 532,455
– – 9,059,063
(b)
20 21 23 24 26 27
(c)
– 201 –
99% 99% 99%
99% 99%
99%
(d)
10 11
278 305 242
617 618 541
183 186 186
1,078 1,109 969
(e)
(f)
554,510 660,143 782,850
931,571 1,499,524 2,165,349
– 202 –
38.
14% 22% 13% 22% 8% 22%
39.
(a)
9,059,063,000
9,055,732,000
100%
100%
100%
100%
100%
100%
100%
100%
51%
56%
100%
– 203 –
80%
100%
51%
100%
100%
100%
100%
100%
60%
100%
100%
80%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
80%
100%
100%
80%
100%
– 204 –
100%
100%
100%
80%
100%
70%
100%
100%
100%
100%
90%
100%
100%
80%
65%
65%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
– 205 –
100%
98%
80%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
90%
100%
100%
100%
100%
100%
100%
100%
100%
100%
90%
100%
100%
– 206 –
100%
82%
60%
59%
61%
80%
96%
100%
100%
100%
100%
100%
100%
100%
100%
100%
60%
70%
100%
100%
100%
100%
100%
100%
100%
99%
100%
– 207 –
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
51%
90%
100%
100%
100%
51%
100%
100%
100%
100%
100%
100%
100%
63%
100%
100%
100%
– 208 –
100%
100%
85%
100%
95%
95%
95%
100%
100%
100%
100%
100%
100%
100%
51%
100%
Elecdeybarchin, S.A. 100%
100%
100%
100%
67%
100%
100%
100%
100%
100%
100%
100%
100%
– 209 –
68,798,336 70,146,844 82,052,224
– 2,691,339 2,706,832
824,968 – –
57,835 58,500 68,468
483,971 541,654 560,983
2,533,374 2,112,148 2,775,906
350,095 340,326 312,444
268,946 268,946 268,946
59,504 54,275 53,069
7,404,409 12,464,488 15,925,762
4,326,069 1,621,235 1,248,501
9,980 1,176 7,650
2,449 16,131 46,428
2,792,621 2,541,324 2,989,582
(6,446,131) (6,234,793) (8,555,430)
(59,972) – –
(605,953) (738,949) (1,091,773)
(8,690,745) (8,653,253) (14,082,233)
(9,223) (9,625) (6,887)
(38,574) (53,612) (91,527)
(49,381,835) (49,872,093) (53,692,794)
(1,153,461) – –
– (1,694,098) (1,646,748)
(308,933) (284,424) (269,864)
(50,352) (47,588) (38,406)
– – (540,097)
21,167,378 25,269,951 29,001,036
(886,602) (1,093,173) (1,368,505)
27,632,531
9,517,737
18,114,794
(b)
228,000,000
– 210 –
502,775
22,106
187,710
54,793
2,009
(446,393)
(16,005)
(36,258)
(1)
(3,755)
266,981
–
266,981
(38,981)
228,000
45,600,000 182,400,000
–
–
–
(c)
228,000
45,600
(2,009)
43,591
– 211 –
40.
4
(a)
20 21
(b)
– 212 –
(c) 10%
10%
51%
(d)
32
41.
42.
– 213 –
217 257
2018 2019 2020 12 31 2018
2019 2020 12 31 2018 2019 2020 12 31
217
257
2021 6 15 100%
2.1
– 214 –
200
2.1
2.1
2018 2019 2020 12 31
2018 2019 2020 12 31
217
– 215 –
13
28 12
2021 6 15
P07190
– 216 –
I.
RMB
000
– 217 –
12 31
2018 2019 2020
4 2,015,396 1,993,308 1,791,315
(1,323,527) (1,198,794) (998,697)
(221,488) (224,896) (224,560)
5 (68,353) (73,681) (93,252)
(14,048) (10,945) (10,011)
6 (16,968) (17,790) (20,137)
(116,574) (170,990) (134,247)
1,200 608 602
7 16,514 14,404 17,286
8 (4,071) (12,692) (2,672)
(473) (1,665) (1,853)
9 (92,360) (78,225) (57,591)
10 175,248 218,642 266,183
12 (44,859) (56,756) (67,958)
130,389 161,886 198,225
– 218 –
12 31
2018 2019 2020
14 2,537,647 2,355,448 2,242,577
17 49,212 90,694 17,907
15 159,547 – –
16 – 152,764 145,981
18 109,051 107,386 107,926
26 4,247 3,081 2,312
2,859,704 2,709,373 2,516,703
19 184,450 204,650 165,289
20 327,481 323,426 221,095
21 4,502 14,281 9,044
28(c) – 15,009 15,063
28(c) 36,352 44,073 20,878
22 230,178 16,757 168,377
782,963 618,196 599,746
23 1,175,000 734,000 794,000
24 118,637 152,409 90,082
25 46,939 27,255 57,706
28(c) 13,272 15,947 72,263
14,126 21,767 20,052
1,367,974 951,378 1,034,103
(585,011) (333,182) (434,357)
2,274,693 2,376,191 2,082,346
23 838,920 754,940 283,060
28(c) – 100,000 84,940
16,990 12,324 7,657
26 12,513 12,097 11,634
868,423 879,361 387,291
1,406,270 1,496,830 1,695,055
27 928,571 928,571 928,571
477,699 568,259 766,484
1,406,270 1,496,830 1,695,055
– 219 –
12 31
2018 2019 2020
2,536,540 2,354,603 2,242,032
49,212 90,694 17,907
159,547 – –
– 152,764 145,981
109,051 107,386 107,926
30,000 30,000 30,000
4,247 3,081 2,312
2,888,597 2,738,528 2,546,158
184,116 204,256 164,875
322,283 316,607 213,756
154 4,989 6,403
– 15,009 15,063
35,623 43,238 20,043
12,507 – –
158,125 7,061 158,606
712,808 591,160 578,746
1,175,000 734,000 794,000
111,035 149,312 89,499
28,402 4,836 41,214
13,272 15,947 72,114
– 59,472 64,921
12,933 20,004 19,117
1,340,642 983,571 1,080,865
(627,834) (392,411) (502,119)
2,260,763 2,346,117 2,044,039
838,920 754,940 283,060
– 100,000 84,940
16,990 12,324 7,657
12,513 12,097 11,634
868,423 879,361 387,291
1,392,340 1,466,756 1,656,748
928,571 928,571 928,571
463,769 538,185 728,177
1,392,340 1,466,756 1,656,748
– 220 –
* * *
2018 1 1 928,571 39,563 50,986 329,585 1,348,705
– – – 130,389 130,389
13 – – – (72,824) (72,824)
– – 11,867 (11,867) –
– – 11,867 (84,691) (72,824)
2018 12 31
2019 1 1 928,571 39,563 62,853 375,283 1,406,270
– – – 161,886 161,886
13 – – – (71,326) (71,326)
– – 13,423 (13,423) –
– – 13,423 (84,749) (71,326)
2019 12 31
2020 1 1 928,571 39,563 76,276 452,420 1,496,830
– – – 198,225 198,225
– – 19,495 (19,495) –
2020 12 31 928,571 39,563 95,771 631,150 1,695,055
*
10%
50%
25%
– 221 –
12 31
2018 2019 2020
175,248 218,642 266,183
(4,666) (4,666) (4,667)
214,705 218,113 217,777
– 6,783 6,783
6,783 – –
4,071 12,343 1,428
– 349 1,244
(1,927) (2,148) (2,878)
92,360 78,225 57,591
473 1,665 1,853
487,047 529,306 545,314
– – (2,393)
(116,183) (20,200) 39,361
120,749 4,055 102,331
(4,064) (10,128) 3,993
(13,335) 33,772 (62,327)
(26,472) (18,997) 31,142
447,742 517,808 657,421
(51,885) (48,365) (69,367)
395,857 469,443 588,054
70,658 (7,721) 23,195
1,927 2,148 2,878
301 2,876 –
(32,875) (90,122) (31,304)
(4,693) (2,493) (2,243)
– (15,009) (54)
35,318 (110,321) (7,528)
1,550,000 89,000 1,095,969
(1,674,980) (1,414,980) (1,507,849)
(92,479) (78,912) (58,282)
(72,824) (71,326)
(41,655) 2,675 56,316
– 100,000 (15,060)
(331,938) (572,543) (428,906)
99,237 (213,421) 151,620
130,941 230,178 16,757
230,178 16,757 168,377
– 222 –
1.
2003 10 20
495
2.
2.1
IFRSs
IAS IASB
2020 1 1
2019 1 1
2019 1 1 16 2019 1 1
17
2.1(a)
434,357,000
2020 12 31 12 (i)
(ii) 18.2
.
3
RMB 000
– 223 –
(a)
17 4
3 6
9 2
39 7 4
16
10 5
28
16 1
16 2021 6 30 7
1 4
1 4
2
8 4
12 4
16 3
37 3
2018-2020 3
1
2020 6 1
2
2021 1 1
3
2022 1 1
4
2023 1 1
5
6
2022 1 1
7
2021 4 1
– 224 –
(b) 16
2019 1 1 16
16 17
4 15
27 2019 1
1 16 16
2019 12 31
2019 1 1
17 4 16
17 4 2019 12 31
16
16
2019 1 1 16
RMB159,547,000
RMB159,547,000
2019 1 1
2.2
– 225 –
2.3
25 – 40
5 – 30
6
2.4
16
16
16
2.5
– 226 –
CGH
2.6
(a)
(b)
(c)
FVTPL
– 227 –
ECL
FVTPL
(d)
(1) 12 12
(2)
1 12 2
9
12
– 228 –
12
30
(i)
(ii) 90
35.3
2.7
(a)
12
(b)
– 229 –
2.8
2.9
2.10
2.11
(i)
(ii)
(iii)
(iv)
(v)
(a)
– 230 –
(b)
(c)
(d)
2.13
2.14
(a)
(b)
2.15
(a)
– 231 –
2.16
2.17
(a)
2.1(b)
2.1(b) 2018 12 31
2019 1 1
2018 12 31
2019 1 1
2019 1 1
– 232 –
(b)
12
2.18
2.19
(a)
(i)
(ii)
(iii)
(b)
(i)
(ii)
(iii)
(iv)
(v)
(vi) (a)
– 233 –
(vii) (a)(i)
(viii)
3.
(a)
13 14 15 16 17
36
2018 2019 2020 12
31 2,537,647,000 2,355,448,000
2,242,577,000 2018 12 31 2019 12 31 2020 12 31
159,547,000 152,764,000 145,981,000 2018 12 31 2019 12
31 2020 12 31 49,212,000 90,694,000
17,907,000
(b)
14 15 16
(c)
20 21
– 234 –
(d)
2018 2019 2020 12 31
109,051,000 107,386,000 107,926,000 31.5
4.
12 31
2018 2019 2020
1,938,524 1,911,138 1,714,165
45,003 49,952 43,361
31,869 32,218 33,789
2,015,396 1,993,308 1,791,315
5.
12 31
2018 2019 2020
48,653 53,674 74,232
19,700 20,007 19,020
68,353 73,681 93,252
2019 2020 2
2020 12 31
6.
7.
12 31
2018 2019 2020
5,236 6,333 5,611
9,351 5,923 8,797
1,927 2,148 2,878
16,514 14,404 17,286
– 235 –
8.
12 31
2018 2019 2020
1,350 12,343 954
2,721 – 474
– 349 1,244
4,071 12,692 2,672
9.
12 31
2018 2019 2020
89,847 77,528 53,238
– 118 3,897
2,513 579 456
92,360 78,225 57,591
10.
12 31
2018 2019 2020
214,705 218,113 217,777
– 6,783 6,783
214,705 224,896 224,560
6,783 – –
110 110 110
37,225 56,314 38,571
11.
11.1
– 236 –
11.2
12 31
2018 2019 2020
1,979 2,154 2,217
128 174 121
2,107 2,328 2,338
12.
25%
12 31
2018 2019 2020
43,737 56,006 67,652
1,122 750 306
44,859 56,756 67,958
12 31
2018 2019 2020
175,248 218,642 266,183
25% 43,812 54,660 66,545
1,398 2,299 2,055
(351) (203) (642)
44,859 56,756 67,958
13.
12 31
2018 2019 2020
72,824 71,326 –
2020 12 31
– 237 –
14.
2018 1 1
1,363,011 3,373,054 38,692 4,774,757
(496,156) (1,594,458) (26,285) (2,116,899)
866,855 1,778,596 12,407 2,657,858
2018 12 31
866,855 1,778,596 12,407 2,657,858
20 1,138 3,535 4,693
1,353 88,619 1,480 91,452
(51,835) (160,795) (2,075) (214,705)
– (1,544) (107) (1,651)
816,393 1,706,014 15,240 2,537,647
2018 12 31
2019 1 1
1,364,384 3,456,878 40,328 4,861,590
(547,991) (1,750,864) (25,088) (2,323,943)
816,393 1,706,014 15,240 2,537,647
2019 12 31
816,393 1,706,014 15,240 2,537,647
123 368 2,002 2,493
21,285 27,223 132 48,640
– 179 (179) –
(51,856) (163,862) (2,395) (218,113)
(3,753) (11,392) (74) (15,219)
782,192 1,558,530 14,726 2,355,448
2019 12 31
2020 1 1
1,379,002 3,460,843 38,263 4,878,108
(596,810) (1,902,313) (23,537) (2,522,660)
782,192 1,558,530 14,726 2,355,448
2020 12 31
782,192 1,558,530 14,726 2,355,448
16 326 1,901 2,243
7,568 94,907 1,142 103,617
(52,514) (162,665) (2,598) (217,777)
– (839) (115) (954)
737,262 1,490,259 15,056 2,242,577
2020 12 31
1,386,586 3,539,345 37,218 4,963,149
(649,324) (2,049,086) (22,162) (2,720,572)
737,262 1,490,259 15,056 2,242,577
– 238 –
15.
2018 1 1
193,251
(26,921)
166,330
2018 12 31
166,330
(6,783)
159,547
2018 12 31
193,251
(33,704)
2018 12 31 159,547
16 16 (159,547)
2019 1 1 –
16.
50
2019 2020
– 152,764
IFRS16 15 159,547 –
159,547 152,764
(6,783) (6,783)
152,764 145,981
17.
2018 2019 2020
1 1 110,510 49,212 90,694
32,875 90,122 31,304
(91,452) (48,640) (103,617)
(2,721) – (474)
12 31 49,212 90,694 17,907
– 239 –
18.
2018 2019 2020
109,051 107,386 107,926
(1) 1.08% (2)
10% (3)
2.31%
31.5
19.
2018 2019 2020
166,888 188,297 148,368
17,562 16,353 16,921
184,450 204,650 165,289
20.
2018 2019 2020
295,913 262,853 173,615
31,568 60,573 47,480
327,481 323,426 221,095
2018 12 31 2019 12 31 2020 12 31 R M B327,481,000
RMB323,426,000 RMB 221,095,000
2018 2019 2020 12 31
31.3
2018 2019 2020
1-30 295,913 262,853 173,615
30
– 240 –
21
2018 2019 2020
3,856 9,638 5,385
646 4,992 5,252
4,502 14,630 10,637
– (349) (1,593)
4,502 14,281 9,044
2018 2019 2020
2
1 1 – – 349
– 349 –
3 – – (349)
12 31 – 349 –
3
1 1 – – –
– – 1,244
2 – – 349
12 31 – – 1,593
2018 12 31 4,502,000
2019 12 31 13,037,000 1,593,000
2020 12 31 9,044,000 1,593,000
22
2018 2019 2020
230,178 16,757 168,377
– 241 –
23
2018 2019 2020
1
1,120,000 710,000 770,000
1 55,000 24,000 24,000
1,175,000 734,000 794,000
1 2 70,000 64,000 108,000
2 5 768,920 690,940 175,060
838,920 754,940 283,060
2,013,920 1,488,940 1,077,060
1,175,000 734,000 794,000
838,920 754,940 283,060
2,013,920 1,488,940 1,077,060
2018 2019 12 31 2018 2019
2020 12 31 4.42% 4.37 % 3.99% 2023
24
2018 2019 2020 12 31
2018 2019 2020
1 91,379 152,409 90,082
1-2 7,611 – –
2-3 – – –
3 19,647 – –
118,637 152,409 90,082
– 242 –
25
2018 2019 2020
18,121 16,193 13,603
2,634 1,947 1,256
3,340 1,137 15,916
b 2,361 3,061 3,724
18,509 1,710 19,379
1,974 3,207 3,828
46,939 27,255 57,706
(a)
(b)
2018 12 31 2019 12 31 2020 12 31
2,930,000 2,361,000 3,061,000
IFRS 15
26.
2018 2019 2020
4,247 3,081 2,312
(12,513) (12,097) (11,634)
(8,266) (9,016) (9,322)
2018 2019 2020
1 1 (7,144) (8,266) (9,016)
(1,122) (750) (306)
12 31 (8,266) (9,016) (9,322)
– 243 –
(a)
2018 2019 2020
1 1 5,488 4,247 3,081
(1,241) (1,166) (1,167)
12 31 4,247 3,081 1,914
2018 2019 2020
1 1 – – –
– – 398
12 31 – – 398
4,247 3,081 2,312
(b)
2018 2019 2020
1 1 (12,632) (12,513) (12,097)
119 416 463
12 31 (12,513) (12,097) (11,634)
27.
2018 2019 2020
928,571 928,571 928,571
– 244 –
28
(a)
– 245 –
(b)
2018 12 31
88,702
1,153,676
49,932
3,820
6,606
3,434
2,353
9,240
2019 12 31
62,971
925,619
69,059
– 246 –
22,597
4,132
255
5,207
3,111
18,750
118
2020 12 31
623,811
34,339
121
84,969
12,178
480
5,162
33,880
462
228
3,451
3,897
– 247 –
(c)
2018 2019 2020
729 835 835
– 364 364
729 1,199 1,199
30 2018 12 31 2019 12 31
2020 12 31
2018 2019 2020
729 470 –
– 729 1,199
729 1,199 1,199
2018 2019 2020
– 5,189 12,930
15,174 15,920 –
6,579 – –
1,370 1,121 –
12,500 6,500 6,500
– 14,144 –
– – 249
35,623 42,874 19,679
– 248 –
2018 2019 2020
304 9 251
7,309 1,808 5,398
660 377 –
916 631 1,928
2,612 – 5,657
465 645 1,648
– 9,246 1,083
– – 51,926
– 715 3,215
– 1,798 907
– 75 –
) – 19 –
12,256 15,323 72,013
2018 12 31 2019 12 31 2020 12 31
2018 2019 2020
11,506 14,946 72,013
750 377 –
12,256 15,323 72,013
– 249 –
2018 2019 2020
10 – –
4 4 –
500 500 –
2 2 –
500 – –
– 118 100
– – 150
1,016 624 250
3.85% 2022 8 31
29.
2018 2019 2020 12 31
2018 2019 2020
30,000,000 100% 100% 100%
– 250 –
30.
2018 1 1 2,138,900 – 54,927 2,753 2,196,580
1,550,000 – – – 1,550,000
(1,674,980) – (41,655) – (1,716,635)
– – – (92,479) (92,479)
– – – 92,360 92,360
2018 12 31
2019 1 1 2,013,920 – 13,272 2,634 2,029,826
890,000 100,000 2,675 – 992,675
(1,414,980) – – – (1,414,980)
– – – (78,912) (78,912)
– – – 78,225 78,225
2019 12 31
2020 1 1 1,488,940 100,000 15,947 1,947 1,606,834
1,095,969 – 56,316 – 1,152,285
(1,507,849) (15,060) – – (1,522,909)
– – – (58,282) (58,282)
– – – 57,591 57,591
2020 12 31 1,077,060 84,940 72,263 1,256 1,235,519
31.
– 251 –
31.1
2018 2019 2020
327,481 – –
3,856 – –
36,352 – –
230,178 – –
– 323,526 221,095
– 9,289 3,792
– 15,009 15,063
– 44,073 20,878
– 16,757 168,377
109,051 107,386 107,926
706,918 516,040 537,131
2,013,920 1,488,940 1,077,060
– 100,000 84,940
118,637 152,409 90,082
26,069 22,484 34,603
13,272 15,947 72,263
2,171,898 1,779,780 1,358,948
31.2
2018 12 31 2019 12 31 2020 12 31
50 2018 12 31
2019 12 31 2020 12 31 RMB4,470,000 RMB3,895,000
RMB1,535,000
2018 2019 2020
12 31
– 252 –
31.3
(i)
ECL
(ii)
12
2019 12 31 2020 12 31
349,000 1,593,000 12-ECL
(iii)
– 253 –
31.4
1 1-2 2-5
%
2018 12 31
4.42 1,242,462 105,834 861,216 2,209,512 2,013,920
– 118,637 – – 118,637 118,637
– 26,069 – – 26,069 26,069
– 13,272 – – 13,272 13,272
1,400,440 105,834 861,216 2,367,490 2,171,898
2019 12 31
4.37 785,040 96,019 714,560 1,595,619 1,488,940
3.85 3,850 3,850 102,599 110,299 100,000
– 152,409 – – 152,409 152,409
– 22,484 – – 22,484 22,484
– 15,947 – – 15,947 15,947
979,730 99,869 817,159 1,896,758 1,779,780
2020 12 31
3.99 822,401 122,219 176,272 1,120,892 1,077,060
3.85 3,266 87,118 – 90,384 84,940
– 90,082 – – 90,082 90,082
– 34,603 – – 34,603 34,603
– 72,263 – – 72,263 72,263
1,022,615 209,337 176,272 1,408,224 1,358,948
– 254 –
31.5
1
2
3
2018 2019 2020 12 31
3
2018 2019 2020
109,051 107,386 107,926
2018 2019 2020 12 31
2018 2019 2020
1 1 109,524 109,051 107,386
– – 2,393
(473) (1,665) (1,853)
12 31 109,051 107,386 107,926
– 255 –
12 31
2018 2019 2020 2018 2019 2020
91,774 91,331 92,579 RMB22,000 RMB22,000 RMB19,000
RMB49,000 RMB49,000 RMB56,000
17,277 16,055 15,348 N/A N/A N/A N/A N/A
( ( (
h h h
32.
2018 2019 2020
44,642 4,894 –
33.
34.
2020 11 286,664.1
2020 12 31 30,909,000
2021 4
RMB109,803,000 RMB59,000,000
– 256 –
35.
2018 1 1 928,571 39,563 50,985 356,339 1,375,458
– – – 89,706 89,706
– – – (72,824) (72,824)
– – 11,867 (11,867) –
– – 11,867 (84,691) (72,824)
2018 12 31
2019 1 1 928,571 39,563 62,852 361,354 1,392,340
– – – 145,742 145,742
– – – (71,326) (71,326)
– – 13,423 (13,423) –
– – 13,423 (84,749) (71,326)
2019 12 31
2020 1 1 928,571 39,563 76,275 422,347 1,466,756
– – – 189,992 189,992
– – 19,495 (19,495) –
2020 12 31 928,571 39,563 95,770 592,844 1,656,748
2020 12 31
– 257 –
261 299
261 299
100%
2.1
– 258 –
200
2.1
2.1
261
– 259 –
12
28
12
2021 6 15
P07190
– 260 –
I.
– 261 –
(A)
12 31
2018 2019 2020
4 1,956,528 2,085,049 1,854,818
(1,287,629) (1,310,518) (1,084,977)
(226,302) (209,439) (227,202)
(6,167) (6,621) (5,940)
5 (71,547) (76,843) (92,056)
6 (8,334) (25,259) (21,032)
(1,218) (464) (853)
7 7,182 4,911 8,375
7 – (50) 2
8 (157,915) (134,702) (104,162)
– 1,289 2,751
9 204,598 327,353 329,724
11 8,769 (82,206) (84,600)
213,367 245,147 245,124
– 262 –
(B)
12 31
2018 2019 2020
13 3,595,485 3,399,602 3,328,788
14 140,075 – –
15 – 166,502 159,680
16 22,298 71,542 21,019
17 7,340 8,629 11,380
20 3,345 – 2,590
3,768,543 3,646,275 3,523,457
18 158,454 178,901 88,037
19 309,072 327,916 351,605
20 83,888 181 247
26 4,878 4,733 8,681
26 13,385 12,825 5
21 107,168 46,981 76,769
676,845 571,537 525,344
22 578,300 527,300 631,300
23 58,822 215,369 138,762
24 100,237 97,388 78,428
7 400 400 –
26 – – 173
26 15,150 2,100 2,306
– 32,592 72,015
752,909 875,149 922,984
(76,064) (303,612) (397,640)
3,692,479 3,342,663 3,125,817
22 2,580,800 1,983,500 1,052,600
26 – – 169,930
26 – – 299,000
7 400 – –
2,581,200 1,983,500 1,521,530
1,111,279 1,359,163 1,604,287
25 809,635 812,372 812,372
301,644 546,791 791,915
1,111,279 1,359,163 1,604,287
– 263 –
(C)
* *
2018 1 1 506,125 8,827 79,450 594,402
– – 213,367 213,367
303,510 – – 303,510
– 21,337 (21,337) –
303,510 21,337 (21,337) 303,510
2018 12 31
2019 1 1 809,635 30,164 271,480 1,111,279
– – 245,147 245,147
2,737 – – 2,737
– 24,515 (24,515) –
2,737 24,515 (24,515) 2,737
2019 12 31
2020 1 1 812,372 54,679 492,112 1,359,163
– – 245,124 245,124
– 24,512 (24,512) –
2020 12 31 812,372 79,191 712,724 1,604,287
*
– 264 –
10% 50%
25%
(D)
12 31
2018 2019 2020
204,598 327,353 329,724
223,056 206,014 223,400
– 3,425 3,802
3,246 – –
– (400) (400)
(921) (1,146) (638)
157,915 134,702 104,162
– 50 (2)
– – 48
773 199 3,020
2 – –
– (1,289) (2,751)
588,669 668,908 660,365
(57,228) (20,447) 90,864
36,601 (18,844) (23,689)
49,535 83,657 (112)
(4,878) 145 (3,948)
(165,200) 156,547 (76,607)
(2,719) 52,918 (2,031)
358,549 871,427 629,065
8,769 (49,614) (45,177)
– 265 –
12 31
2018 2019 2020
367,318 821,813 583,918
(7,340) – –
(3,330) (4,514) (1,753)
– – (2,590)
(29,775) (55,060) (97,106)
– (29,852) –
45 – –
921 1,146 638
(12,255) 560 12,820
(51,734) (87,720) (87,991)
349,000 240,000 860,000
(723,300) (888,300) (1,686,900)
– – 200,000
– – (30,070)
– – 300,000
– – (1,000)
(158,386) (135,667) (108,032)
800 – –
303,510 2,737 –
(63,843) (13,050) (137)
(292,219) (794,280) (466,139)
23,365 (60,187) 29,788
83,803 107,168 46,981
107,168 46,981 76,769
– 266 –
1.
2006 4 7
495
2.
2.1
2020 1 1
2019 1 1 16 2019 1 1
17
2.1(a)
2020 12 31
397,640,000 76,769,000
12
(1)
(ii) 2,190,000,000
3
– 267 –
(a)
17 4
3 6
9 39 2
7 4 16
10
28 5
16 1
16 2021 6 30 7
1 4
1 4
2
8 4
16 3
37 3
2018-2020 3
1
2020 6 1
2
2021 1 1
3
2022 1 1
4
2023 1 1
5
6
2022 1 1
7
2021 4 1
(b) 16
2019 1 1 16
16 17
4 15
27 2019
1 1 16
16 2019 12 31
– 268 –
2019 1 1
17 4 16
17 4
16
16
2019 1 1 16
16 2019 1 1
140,075,000
140,075,000
2019 1 1
2.2
2018 12 31
16 – 25
5 – 30
6
2019 12 31 2020 12 31
25 – 40
5 – 30
6
– 269 –
2.3
16
16 16
2.4
36
36
9
2.5
– 270 –
2.6
(a)
(b)
(c)
– 271 –
(d)
(1) 12 12
(2)
12
9
12
12
– 272 –
30
(i)
(ii) 90
28.3
2.7
(a)
12
(b)
– 273 –
2.8
2.9
2.10
2.11
(i)
(ii)
(iii)
(iv)
(v)
(a)
– 274 –
(b)
(c)
(d)
2.12
2.13
(a)
(b)
– 275 –
2.14
2.15
2.16
2.17
2.1(b)
2018 12 31 2.1(b)
2019 1 1
2018 12 31
– 276 –
2019 1 1
2019 1 1
2.18
(a)
(i)
(ii)
(iii)
(b)
(i)
(ii)
(iii)
(iv)
– 277 –
(v)
(vi) (a)
(vii) (a)(i)
(viii)
3.
(a)
13 14 15 16 17 20
36
2018 12 31 2019 12 31 2020 12 31
3,595,485,000 3,399,602,000 3,328,788,000 2018 12 31 2019 12
31 2020 12 31 140,075,000
166,502,000 159,680,000 2018 12 31 2019 12 31 2020 12 31
22,298,000 71,542,000 21,019,000
(b)
19
– 278 –
(c)
13 14 15
2019 12 31 25 40
2019 1 1 2019 12 31 2019 12 31
38,823,000
4.
2018 2019 2020
1,905,095 2,020,925 1,766,410
27,986 40,110 52,345
23,447 24,014 36,063
1,956,528 2,085,049 1,854,818
5.
2018 2019 2020
60,492 66,427 83,082
11,055 10,416 8,974
71,547 76,843 92,056
2020 2
2020 12 31
6.
– 279 –
7.
2018 2019 2020
5,004 3,365 5,019
– – 1,108
1,257 400 1,610
921 1,146 638
7,182 4,911 8,375
– (50) 2
– (50) 2
8.
2018 2019 2020
157,618 134,385 95,118
– – 4,929
– – 7,092
157,618 134,385 107,139
– – (3,031)
157,618 134,385 104,108
297 317 54
157,915 134,702 104,162
– 280 –
9.
2018 2019 2020
223,056 206,014 223,400
– 3,425 3,802
223,056 209,439 227,202
3,246 – –
94 101 125
773 199 3,020
10.
10.1
10.2
5
2018 2019 2020
1,687 1,118 1,351
86 96 115
1,773 1,214 1,466
1,000,000
– 281 –
11.
25%
2018 2019 2020
– (82,206) (84,600)
8,769 – –
8,769 (82,206) (84,600)
2018 2019 2020
(204,598) (327,353) (329,724)
25% (51,150) (81,838) (82,431)
224 1,529 688
(64) (1,897) (2,857)
50,990 – –
8,769 – –
8,769 (82,206) (84,600)
12.
2018 12 31 2019 12 31 2020 12 31
13.
2018 1 1
1,084,501 3,149,462 18,247 4,252,210
(121,601) (326,013) (6,318) (453,932)
962,900 2,823,449 11,929 3,798,278
– 282 –
2018 12 31
962,900 2,823,449 11,929 3,798,278
– 1,520 1,810 3,330
– 17,753 – 17,753
(80,351) (140,278) (2,427) (223,056)
– – (47) (47)
– (773) – (773)
882,549 2,701,671 11,265 3,595,485
2018 12 31 2019 1 1
1,084,501 3,167,818 19,852 4,272,171
(201,952) (466,147) (8,587) (676,686)
882,549 2,701,671 11,265 3,595,485
2019 12 31
882,549 2,701,671 11,265 3,595,485
– – 4,514 4,514
– 5,816 – 5,816
(41,528) (161,632) (2,854) (206,014)
– (159) (40) (199)
841,021 2,545,696 12,885 3,399,602
2019 12 31 2020 1 1
1,084,501 3,173,365 24,056 4,281,922
(243,480) (627,669) (11,171) (882,320)
841,021 2,545,696 12,885 3,399,602
2020 12 31
841,021 2,545,696 12,885 3,399,602
– – 1,753 1,753
94,988 54,987 858 150,833
(44,616) (175,905) (2,879) (223,400)
891,393 2,424,778 12,617 3,328,788
– 283 –
2020 12 31
1,179,489 3,215,504 26,667 4,421,660
(288,096) (790,726) (14,050) (1,092,872)
891,393 2,424,778 12,617 3,328,788
14.
2018 1 1
162,271
(18,950)
143,321
2018 12 31
143,321
(3,246)
140,075
2018 12 31
162,271
(22,196)
2018 12 31 140,075
2019 1 1
16 15 (140,075)
– 284 –
15.
50
2019 2020
– 166,502
16 14 140,075 –
140,075 166,502
29,852 –
(3,425) (3,802)
– (3,020)
166,502 159,680
16.
2018 2019 2020
1 1 10,276 22,298 71,542
29,775 55,060 100,310
(17,753) (5,816) (150,833)
12 31 22,298 71,542 21,019
17.
2018 2019 2020
7,340 7,340 7,340
– 1,289 4,040
7,340 8,629 11,380
2018
2019
2020
12 31
49%
14,980,000.00
– 285 –
12 31
2018 2019 2020
10,265 9,642 11,163
9,482 19,173 34,457
(4,767) (8,492) (7,396)
– – (15,000)
14,980 17,610 23,224
25,066 48,089 55,967
(24,945) (45,197) (48,796)
121 2,892 7,171
(30) (262) (1,557)
91 2,630 5,614
– – –
2018 2019 2020
14,980 17,610 23,224
49% 49% 49%
7,340 8,629 11,380
18.
2018 2019 2020
149,639 170,972 78,142
8,815 7,929 9,895
158,454 178,901 88,037
– 286 –
19.
2018 2019 2020
277,379 267,709 299,319
31,693 60,207 52,286
309,072 327,916 351,605
2018 12 31 2019 12 31 2020 12 31
277,379,000 267,709,000 299,319,000 3 12
2018 12 31 2019 12 31 2020 12 31
28.3
2018 2019 2020
1-30 309,072 327,916 351,605
30
2018 2019 2020
1-30 277,379 267,709 299,319
2018 12 31 2019 12 31 2020 12 31
20.
2018 2019 2020
3,345 – 2,590
631 82 30
43,223 – –
39,525 – –
509 149 217
83,888 231 247
– (50) –
83,888 181 247
87,233 181 2,837
– 287 –
2018 2019 2020
1 1 – – 50
– 50 (2)
– – (48)
12 31 – 50 –
21.
2018 2019 2020
50 45 7
107,118 46,936 76,762
107,168 46,981 76,769
22.
2018 2019 2020
1
311,000 240,000 260,000
1 267,300 287,300 371,300
578,300 527,300 631,300
1 2 40,000 170,000 –
2 5 200,000 – –
5 2,340,800 1,813,500 1,052,600
2,580,800 1,983,500 1,052,600
578,300 527,300 631,300
2,580,800 1,983,500 1,052,600
3,159,100 2,510,800 1,683,900
2018 2019 2020 12 31 4.63% 4.58%
4.17% 2018 2019 2020 12 31
2018 12 31 2019 578,300,000 2020 40,000,000
2021 200,000,000 2025 76,000,000 2028
866,800,000 2029 1,062,000,000 2030
– 288 –
2019 12 31 2020 527,300,000 2021 170,000,000
2028 758,500,000 2029 751,000,000
2030
2020 12 31 2021 631,300,000 2028 540,600,000
2029 390,000,000 2030
23.
2018 2019 2020
26 8,808 172,930 101,612
50,014 42,439 37,150
58,822 215,369 138,762
2018 12 31 2019 12 31 2020 12 31
2018 2019 2020
1 52,789 210,446 136,640
1 -2 5,971 2,360 2,065
2-3 62 2,207 57
3 – 356 –
58,822 215,369 138,762
24.
2018 2019 2020
647 1,450 16,119
(b) – 3,965 3,633
1,715 24,169 36,887
4,465 3,500 2,661
87,241 32,439 16,692
6,169 31,865 2,436
100,237 97,388 78,428
(a)
(b)
2018 2019 2020 12 31
3,965,000
15
– 289 –
25.
2018 2019 2020
1 1 506,125 809,635 812,372
303,510 2,737 –
12 31 809,635 812,372 812,372
2019 12 31 2018 7 2 7 17 7 18
150,000,000 150,000,000 3,510,000
2019 12 31 2019 11 14 2,737,000
26.
(a)
– 290 –
(b)
2018 12 31
59,378
833,248
217,576
20,216
27,986
– 291 –
2019 12 31
36,091
656,748
287,608
22,508
15,663
40,110
2020 12 31
19,368
574,396
30,117
48,504
38,891
7,175
52,345
7,092
4,929
(c)
2018 2019 2020
4,878 4,733 8,681
30
– 292 –
2018 2019 2020
1-30 4,878 4,733 8,681
2018 2019 2020
13,385 12,825 –
– – 5
13,385 12,825 5
2018 2019 2020
1,252 – 51,164
– 159,649 30,941
– 10,284 8,756
– – 7,605
– 1,641 1,668
6,914 – 745
– 778 500
215 – 162
19 120 63
– 8 8
370 450 –
38 – –
8,808 172,930 101,612
2018 12 31 2019 12 31 2020 12 31
2018 2019 2020
8,808 172,930 101,612
– 293 –
2018 2019 2020
– – 343
– 2,000 1,843
232 100 100
7,778 – 10
– – 10
2,224 – –
1,938 – –
2,978 – –
15,150 2,100 2,306
2018 2019 2020
– – 169,930
3.34% 2023 3 27
2018 2019 2020
– – 299,000
3.75% 2023 5 20
2018 2019 2020
107,118 46,936 76,762
– 294 –
27.
2018 1 1 3,533,400 – – 4,936 – 78,993 3,617,329
349,000 – – – – 17,635 366,635
(723,300) – – – – (81,478) (804,778)
– – – (158,386) – – (158,386)
8 – – – 157,915 – – 157,915
2018 12 31
2019 1 1 3,159,100 – – 4,465 – 15,150 3,178,715
240,000 – – – – 100 240,100
(888,300) – – – – (13,150) (901,450)
– – – (135,667) – – (135,667)
8 – – – 134,702 – – 134,702
2019 12 31
2020 1 1 2,510,800 – – 3,500 – 2,100 2,516,400
860,000 200,000 300,000 – – 46 1,360,046
(1,686,900) (30,070) (1,000) – – (183) (1,718,153)
– – – (95,957) (4,756) (6,749) (108,032)
8 – – – 95,118 4,929 7,092 107,193
2020 12 31 1,683,900 169.930 299,000 2,661 173 2,306 2,157,970
28.
– 295 –
28.1
2018 2019 2020
309,072 327,916 351,605
631 32 30
4,878 4,733 8,681
13,385 12,825 5
107,168 46,981 76,769
435,134 392,487 437,090
58,822 215,369 138,762
98,522 69,254 37,908
– – 173
15,150 2,100 2,306
3,159,100 2,510,800 1,683,900
– – 169,930
– – 299,000
3,331,594 2,797,523 2,331,979
28.2
2018 12 31 2019 12 31 2020 12 31
50 2018 12 31 2019
12 31 2020 12 31 14,241,000 11,354,000
7,120,000
2018 12 31 2019
12 31 2020 12 31
28.3
– 296 –
(i)
(ii)
12
12
2019 12 31 50,000 2020 12 31
2,000
(iii)
28.4
– 297 –
1 1-2 2-5 5
%
2018 12 31
4.63 719,252 161,269 540,245 2,939,399 4,360,165 3,159,100
– 58,822 – – – 58,822 58,822
– 98,522 – – – 98,522 98,522
– 15,150 – – – 15,150 15,150
891,746 161,269 540,245 2,939,399 4,532,659 3,331,594
2019 12 31
4.58 639,375 248,684 256,326 2,200,754 3,345,139 2,510,800
– 215,369 – – – 215,369 215,369
– 69,254 – – – 69,254 69,254
– 2,100 – – – 2,100 2,100
926,098 248,684 256,326 2,200,754 3,631,862 2,797,523
2020 12 31
4.17 697,073 36,047 136,158 1,208,560 2,077,838 1,683,900
3.34 5,754 5,754 171,270 – 182,778 169,930
3.75 11,368 11,368 333,399 – 356,135 299,000
– 138,762 – – – 138,762 138,762
– 37,908 – – – 37,908 37,908
– 173 – – – 173 173
– 2,306 – – – 2,306 2,306
893,344 53,169 640,827 1,208,560 2,795,900 2,331,979
28.5
2018 12 31 2019 12 31 2020 12 31
– 298 –
29.
2018 2019 2020
110,901 107,814 39,406
30.
31.
2020 12 31
– 299 –
303 328
303 328
100%
2.1
– 300 –
200
2.1
2.1
303
– 301 –
9
28
12
2021 6 15
P07190
– 302 –
I.
– 303 –
(A)
12 31
2018 2019 2020
4 – – –
– – –
5 – – –
6 – – –
– – –
– 304 –
(B)
12 31
2018 2019 2020
10 1,997 1,567 1,018
11 121,018 – –
12 – 205,425 201,153
13 153,485 215,964 906,836
14 111 74 36,886
14 2,286 3,610 10,892
278,897 426,640 1,156,785
14 169 43 42
15 – – 4,576
15 69,175 57,444 25,246
69,344 57,487 29,864
16 30,000 30,000 –
20 100,000 100,000 –
17 – – 316,180
18 1,141 1,377 14,239
131,141 131,377 330,419
(61,797) (73,890) (300,555)
217,100 352,750 856,230
16 140,000 220,000 420,000
20 – – 84,790
140,000 220,000 504,790
77,100 132,750 351,440
19 77,100 132,750 351,440
– – –
77,100 132,750 351,440
– 305 –
(c)
2018 1 1 2018 12 31 2019 1 1 77,100
–
55,650
2019 12 31 2020 1 1 132,750
–
218,690
2020 12 31 351,440
– 306 –
(D)
12 31
2018 2019 2020
– – –
4,857 (1,198) (7,281)
4,857 (1,198) (7,281)
(154) (162) (72)
– (87,082) –
(5,417) (47,976) (707,126)
– – (4,576)
– – 316,180
(5,571) (135,220) (382,732)
– 80,000 200,000
– – (30,000)
100,000 200,000 100,000
(100,000) (200,000) (115,210)
(11,916) (10,963) (15,665)
– 55,650 218,690
(11,916) 124,687 357,815
(12,630) (11,731) (32,198)
81,805 69,175 57,444
69,175 57,444 25,246
– 307 –
1.
2015 11 5
538
2.
2.1
2020 1 1
2019 1 1 16 2019 1
1 17
2.1 a
2020 12 31
300,555,000 25,246,000
12 (1)
(2) 12,730,000,000
3
– 308 –
(a)
17 4
3 6
9 39 2
7 4 16
10
28 5
16 1
16 2021 6 30 7
1 4
1 4
2
8 4
12 4
16 3
37 3
2018-2020 3
1
2020 6 1
2
2021 1 1
3
2022 1 1
4
2023 1 1
5
6
2022 1 1
7
2021 4 1
(b) 16
2019 1 1 16
16 17
4 15
27
2019 1 1 16 2019 12 31
16
– 309 –
2019 1 1
17 4 16
17 4
16
16
16 2019 1 1
121,018,000
121,018,000
2019 1 1
2.2
5
6
– 310 –
2.3
16
16 16
2.4
2.5
(a)
– 311 –
(b)
(c)
(d)
(1) 12 12
(2)
12
12
– 312 –
12
30
(i)
(ii) 90
22.3
2.6
(a)
12
– 313 –
(b)
2.7
2.8
2.9
(a)
(b)
2.10
– 314 –
2.11
2.12
2.1(b)
2018 12 31 2.1(b)
2019 1 1
2018 12 31
2019 1 1
2019 1 1
– 315 –
2.13
(a)
(i)
(ii)
(iii)
(b)
(i)
(ii)
(iii)
(iv)
(v)
(vi) (a)
(vii) (a)(i)
(viii)
– 316 –
3.
36
2018 12 31 2019 12 31 2020 12 31
121,018,000 205,425,000 201,153,000 2018
12 31 2019 12 31 2020 12 31 153,485,000
215,964,000 906,836,000
4.
5.
6.
– 317 –
7.
2018 2019 2020
4,798 9,005 13,964
(b) 974 1,480 768
5,772 10,485 14,732
(a)
(b) 2020 2
2020 12 31
8.
8.1
8.2
5
2018 2019 2020
1,063 1,335 1,781
45 67 105
1,108 1,402 1,886
1,000,000
9.
2018 12 31 2019 12 31 2020 12 31
– 318 –
10.
2018 1 1
368 2,914 3,282
(126) (758) (884)
242 2,156 2,398
2018 12 31
242 2,156 2,398
– 154 154
(71) (484) (555)
171 1,826 1,997
2018 12 31 2019 1 1
368 3,068 3,436
(197) (1,242) (1,439)
171 1,826 1,997
2019 12 31
171 1,826 1,997
43 119 162
(101) (491) (592)
113 1,454 1,567
2019 12 31 2020 1 1
411 3,187 3,598
(298) (1,733) (2,031)
113 1,454 1,567
2020 12 31
113 1,454 1,567
– 72 72
(52) (569) (621)
61 957 1,018
2020 12 31
411 3,259 3,670
(350) (2,302) (2,652)
61 957 1,018
– 319 –
11.
2018 1 1
126,500
(2,952)
123,548
2018 12 31
123,548
(2,530)
121,018
2018 12 31
126,500
(5,482)
2018 12 31 121,018
2019 1 1 16
12 (121,018)
2019 1 1 –
12.
50
2019 2020
– 205,425
16
11 121,018 –
121,018 205,425
87,082 –
(2,675) (4,272)
205,425 201,153
– 320 –
13.
2018 2019 2020
1 1 131,393 153,485 215,964
22,092 62,479 690,872
12 31 153,485 215,964 906,836
2018 12 31 2019 12 31 2020 12 31
11,875,000 11,043,000 15,873,000
14.
2018 2019 2020
111 74 36,886
2,286 3,610 10,892
2,397 3,684 47,778
34 43 42
135 – –
169 43 42
2,566 3,727 47,820
15.
2018 2019 2020
25 6 5
69,150 57,438 25,241
69,175 57,444 25,246
– – 4,576
69,175 57,444 29,822
– 321 –
16.
2018 2019 2020
1
30,000 30,000 –
1 2 – – 7,000
2 5 – 2,600 109,000
5 140,000 217,400 304,000
140,000 220,000 420,000
170,000 250,000 420,000
30,000 30,000 –
140,000 220,000 420,000
170,000 250,000 420,000
2018 12 31 2019 12 31 2020 12 31 4.41%
4.41% 4% 2020 12 31 110,000,000
2018 12 31 2019 12 31 2020 12 31
2018 12 31 30,000,000 2019 2031
2019 12 31 30,000,000 2020 2031
2020 12 31 7,000,000 2021 100,000,000 2024
9,000,000 2031 2035
17.
2018 12 31 2019 12 31 2020 12 31
2018 2019 2020
1 – – 316,180
18.
2018 2019 2020
182 231 528
549 – 10,931
326 406 614
49 623 171
35 117 1,995
1,141 1,377 14,239
– 322 –
19.
2018 2019 2020
1 1 77,100 77,100 132,750
– 55,650 218,690
12 31 77,100 132,750 351,440
2019 12 31 2019 11 25 2019 12 20
24,740,000 30,910,000
2020 12 31 2020 3 6 2020 6 11 2020 10 19
2020 12 7 50,000,000 500,000,000 49,690,000
69,000,000
20.
(a)
– 323 –
(b)
2018 12 31
4,314
2019 12 31
142
38
124
2,832
2020 12 31
880
89
1,305
73
2,867
(c)
2018 2019 2020
100,000 100,000 84,790
2018 12 31 3.2% 2019 3 26
2019 12 31 3.2% 2020 6 4
2020 12 31 3.39% 2023 6 4
2020 12 31 3.39% 2023 6 4
2018 2019 2020
69,150 57,438 25,241
– 324 –
21.
(a)
2018 1 1 170,000 100,000 367 270,367
– 100,000 – 100,000
– (100,000) – (100,000)
– – (11,916) (11,916)
13 – – 11,875 11,875
2018 12 31 2019 1 1 170,000 100,000 326 270,326
80,000 200,000 – 280,000
– (200,000) – (200,000)
– – (10,963) (10,963)
13 – – 11,043 11,043
2019 12 31 2020 1 1 250,000 100,000 406 350,406
200,000 100,000 – 300,000
(30,000) (115,210) – (145,210)
– – (15,665) (15,665)
13 – – 15,873 15,873
2020 12 31 420,000 84,790 614 505,404
(b)
2018 12 31 555,000
2,530,000
2019 12 31 592,000
2,675,000
2020 12 31 621,000
4,272,000
– 325 –
22.
22.1
2018 2019 2020
34 43 42
69,175 57,444 29,822
69,209 57,487 29,864
170,000 250,000 420,000
100,000 100,000 84,790
– – 316,180
1,092 754 14,068
271,092 350,754 835,038
22.2
2018 12 31 2019 12 31 2020 12 31
50 2018 2019 2020
12 31 850,000 1,250,000 2,100,000
2018 12 31 2019 12 31 2020 12 31
– 326 –
22.3
(i)
12
12
(ii)
22.4
1 1-2 2-5 5
%
2018 12 31
4.41 37,497 6,174 24,522 184,085 252,278 170,000
3.20 100,756 – – – 100,756 100,000
– 1,092 – – – 1,092 1,092
– 139,345 6,174 24,522 184,085 354,126 271,092
– 327 –
1 1-2 2-5 5
%
2019 12 31
4.41 40,448 9,702 64,096 252,707 366,953 250,000
3.20 101,387 – – – 101,387 100,000
– 754 – – – 754 754
– 142,589 9,702 64,096 252,707 469,094 350,754
2020 12 31
4.00 17,394 22,821 206,395 326,340 572,950 420,000
3.39 3,390 3,390 86,250 – 93,030 84,790
– 316,180 – – – 316,180 316,180
– 14,068 – – – 14,068 14,068
– 351,032 26,211 292,645 326,340 996,228 835,038
22.5
2018 12 31 2019 12 31 2020 12 31
23.
2018 2019 2020
79,716 1,804,475 2,754,268
24.
25.
2020 12 31
III.
2020 12 31
– 328 –
332 340
332 340
(i)
(ii)
(iii)
4.29
7
7
– 329 –
1
4.29(7)
3420
4.29
7
– 330 –
(a)
(b)
(c) 4.29(1)
– 331 –
4.29
(i)
(ii)
(a)
(b)
– 332 –
(a) (b) (b) (b) (c) (d) (e) (f) (g) (h)
160,304,083 2,242,577 3,328,788 1,018 – 660,432 (2,406,111) – (18,856,357) – 145,274,430
7,533,405 145,981 159,680 201,153 – 535,752 (54,639) – (396,619) – 8,124,713
22,361,667 17,907 21,019 943,722 – 65,898 (1,863,074) – (7,342,325) – 14,204,814
– 333 –
32,283 – – – – – – – – – 32,283
4,163,741 – – – – – (3,750) – (947,515) – 3,212,476
1,233,366 – – – – 325,105 – – – – 1,558,471
12,023,223 – 11,380 – – 117 – – – 21,237,418 33,272,138
307,890 107,926 – – – – – – – – 415,816
3,126,447 – 2,590 10,892 – – (73,089) – (1,095,589) – 1,971,251
748,228 2,312 – – – 3,832 (98) – (9,798) – 744,476
211,834,333 2,516,703 3,523,457 1,156,785 – 1,591,136 (4,400,761) – (28,648,203) 21,237,418 208,810,868
(a) (b) (b) (b) (c) (d) (e) (f) (g) (h)
2,347,810 165,289 88,037 – – 14,393 (1,106) – (68,788) – 2,545,635
11,719,443 221,095 351,605 – (134,031) (6,945) (396,669) – (2,628,704) – 9,125,794
4,033,493 24,107 247 42 – – (148,542) 2,082,222 (485,868) – 5,505,701
76,775 – – – – – – – – – 76,775
– – 8,681 – – – – – – – 8,681
– 334 –
– 20,878 5 – – – – – – – 20,883
180,624 – – 4,576 – – – – (16,101) – 169,099
6,498,457 168,377 76,769 25,246 – – (67,144) – (429,792) – 6,271,913
24,856,602 599,746 525,344 29,864 (134,031) 7,448 (613,461) 2,082,222 (3,629,253) – 23,724,481
(a) (b) (b) (b) (c) (d) (e) (f) (g) (h)
(25,566,828) (794,000) (631,300) – – – 42,585 – 1,052,087 – (25,897,456)
(700,000) – – – – – – – – – (700,000)
(1,926) – – – – – – – – – (1,926)
(3,245,524) – – – – – 201,000 – 278,078 – (2,766,446)
(1,996,838) – – – – – – – – – (1,996,838)
– (72,263) (2,306) – – – – – – – (74,569)
(42,337) – (173) – – – – – – – (42,510)
– 335 –
(641,932) – – – – – 197 – 1,690 – (640,045)
(17,490,945) (90,082) (138,762) (316,180) 134,031 – 426,325 – 3,186,957 – (14,288,656)
(8,833,733) (77,758) (150,443) (14,239) – (3,136,277) 115,835 – 1,002,425 (7,628,000) (18,722,190)
(625,496) – – – – – – – – – (625,496)
(59,145,559) (1,034,103) (922,984) (330,419) 134,031 (3,136,277) 785,942 – 5,521,237 (7,628,000) (65,756,132)
(34,288,957) (434,357) (397,640) (300,555) – (3,128,829) 172,481 2,082,222 1,891,984 (7,628,000) (42,031,651)
177,545,376 2,082,346 3,125,817 856,230 – (1,537,693) (4,228,280) 2,082,222 (26,756,219) 13,609,418 166,779,217
(a) (b) (b) (b) (c) (d) (e) (f) (g) (h)
(50,490,648) (283,060) (1,052,600) (420,000) – – 1,221,715 – 11,151,853 – (39,872,740)
(6,007,768) – (169,930) – – – – – 200,000 – (5,977,698)
(52,372) – – – – – – – 100,000 – 47,628
(7,851,972) (84,940) (299,000) (84,790) – – 713,338 – 2,321,548 – (5,285,816)
(10,495,397) – – – – – – – – – (10,495,397)
– 336 –
(1,175,083) – – – – – 26,350 – 161,145 – (987,588)
(262,460) – – – – – – – – – (262,460)
(236,717) – – – – – – – – – (236,717)
(1,569,874) – – – – – – – – – (1,569,874)
(3,028,195) – – – – – – – 7,221 – (3,020,974)
(1,966,243) (11,634) – – – (313,469) – – – – (2,291,346)
(15,538) (7,657) – – – 5,743 – – – – (17,452)
(83,152,267) (387,291) (1,521,530) (504,790) – (307,726) 1,961,403 – 13,941,767 – (69,970,434)
94,393,109 1,695,055 1,604,287 351,440 – (1,845,419) (2,266,877) 2,082,222 (12,814,452) 13,609,418 96,808,783
(a)
(b)
(c)
(d)
3
(i) 3,145,834
(ii) 3,650,782
(iii) 975,309
(iv) (1,805,362)
2,820,729
325,105
(i)
100%
– 337 –
(1) 51%
(2) 29%
(3) 20% 15
(ii) (b)
(iii)
(i)
660 (ii) 536 (iii) 66
(iv) 0.1 (v)
4 (vi) 14 (vii) 7
(viii) 9 (ix) 6 (x)
313
(iv)
30%
2,413,762,900 724,129
51.02%
2,119,233,100 1,081,233
1,805,362
– 338 –
(e)
III
(f)
(i) 2,082,222
2,266,877
(247,915)
2,018,962
63,260
(i)
(1) 70%
(2) 30%
180
30
(g)
II
– 339 –
(h)
37.19%
57,104 (i) 21,237,418
12,814,452
(2,854,062)
(ii) 7,628,000
17,588,390
3,649,028
(i) 37.19% 57,104 (i)
100% 13,609
(ii) 7,628 (iii)
100% 35,867
(iv) (f)(i)
2,082 (v) 100% 1,643
439
(ii) 7,628
(1) 70%
(2) 30%
180
– 340 –
– 341 –
1.
2.
3.
1.
2.
3.
4.
– 342 –
5.
6.
7.
8. 2015 6 12
[2015]74 2015 7 1
50%
9.
2020
23 2021 1 1 2030 12 31
15%
2031
10.
2024
2024
2025
2025
11.
– 343 –
12.
– 344 –
2020 12 31
– 345 –
×
1 100.00% 4,628.97 1,194.20 2,829.94 2,829.94 2,829.94 (2021) 6154-13
2 100.00% 2,733.01 747.99 4,486.41 4,486.41 4,486.41 (2021) 6154-14
3 100.00% 20,160.88 16,336.84 39,197.42 39,197.42 39,197.42 (2021) 6154-18
4 50.00% 28,053.45 6,125.46 47,766.05 47,766.05 23,883.03 (2021) 6154-19
– 346 –
×
5 55.00% 16,979.29 11,533.28 14,005.05 14,005.05 7,702.78 (2021) 6154-53
6 55.00% 30,379.86 22,649.52 57,809.98 57,809.98 31,795.49 (2021) 6154-54
7 55.00% 49,192.98 35,010.62 72,809.15 72,809.15 40,045.03 (2021) 6154-55
8 65.00% 26,075.55 20,336.78 40,942.80 40,942.80 26,612.82 (2021) 6154-50
9 55.00% 25,861.99 14,091.24 41,122.34 41,122.34 22,617.29 (2021) 6154-51
10 100.00% 168,196.65 105,179.55 225,989.80 225,989.80 225,989.80 (2021) 6154-57
– 347 –
×
11 100.00% 40,333.60 27,774.34 76,892.63 76,892.63 76,892.63 (2021) 6154-04
12 100.00% 19,595.89 10,170.78 20,200.00 20,200.00 20,200.00 (2021) 1312
13 100.00% 18,636.85 16,979.78 27,640.00 27,640.00 27,640.00 (2021) 1313
14 100.00% 9,900.00 9,900.27 14,320.00 14,320.00 14,320.00 (2021) 1314
15 100.00% 30,325.88 28,865.76 38,820.00 38,820.00 38,820.00 (2021) 1315
16 100.00% 20,349.85 18,981.81 33,380.00 33,380.00 33,380.00 (2021) 1321
17 100.00% 2,113.05 2,113.05 – 2,113.05 2,113.05 (2021) 1322
– 348 –
×
18 61.87% 152,070.57 143,038.25 227,220.00 227,220.00 140,583.06 (2021) 030521
19 100.00% 158,330.15 152,662.34 249,930.00 249,930.00 249,930.00 (2021) 030522
20 100.00% 2,000.00 2,028.63 – 2,028.63 2,028.63 (2021) 030524
21 100.00% 1,955.80 1,616.10 1,790.00 1,790.00 1,790.00 (2021) 030525
22 63.93% 408,653.98 358,352.31 428,440.00 428,440.00 273,880.27 (2021) 030526
23 60.00% 4,404.00 3,472.62 3,720.00 3,720.00 2,232.00 (2021) 030527
– 349 –
×
24 100.00% 22,313.65 19,294.17 28,180.00 28,180.00 28,180.00 (2021) 030528
25 100.00% 6,831.07 5,851.12 12,450.00 12,450.00 12,450.00 (2021) 030529
26 100.00% 1,889.32 1,907.33 -4,640.00 1,907.33 1,907.33 (2021) 030530
27 100.00% 9,479.00 9,434.81 -10,660.00 9,434.81 9,434.81 (2021) 030532
1,281,445.30 1,045,648.95 1,694,641.58 1,725,425.40 1,360,941.78
1
– 350 –
2
2020 12 31 2021 12 30
1.
2.
– 351 –
3.
1.
2.
3.
4.
5.
6.
7.
8. 2015 6 12
[2015]74 2015 7 1
50%
– 352 –
9.
2020
23 2021 1 1 2030 12 31
15%
2031
10.
2024
2024
2025
2025
11.
12.
– 353 –
– 354 –
2020 12 31
2,001,832.54 3,586,700.00
1,584,867.46 79.17%
2020 12 31 2021 12 30
– 355 –
– 356 –
1.
2.
3.
4.
5.
6.
7.
1.
2.
3.
– 357 –
4.
5.
6.
7.
8.
2017 6
– 358 –
339.12 263.61
75.51
89.43 13.92
18.43%
– 359 –
1.
2.
– 360 –
3.
4.
5.
6.
7.
1.
2.
3.
4.
5.
6.
7.
– 361 –
8.
2017 12
– 362 –
10,408.77 6,897.70
3,511.07 2,767.41
743.66 21.18%
– 363 –
2.2248MW
2.2248MW
2.2248MW
2.2248MW
1.
2.
– 364 –
3.
4.
5.
6.
7.
1.
2.
– 365 –
2018 9
2.2248MW
2.2248MW 1,290.56
1,201.79 88.77 6.88%
– 366 –
2020 12 31
%
A B C=B-A D=C/A×100%
1 208.98 208.98 0.00 0.00
2 1,097.17 1,008.39 -88.77 -8.09
3 0.00 0.00 0.00
4 0.00 0.00 0.00
5 1,097.17 1,008.39 -88.77 -8.09
6 0.00 0.00 0.00
7 0.00 0.00 0.00
8 0.00 0.00 0.00
9 0.00 0.00 0.00
10 0.00 0.00 0.00
11 1,306.15 1,217.37 -88.77 -6.80
12 15.59 15.59 0.00 0.00
13 0.00 0.00 0.00
14 15.59 15.59 0.00 0.00
15 1,290.56 1,201.79 -88.77 -6.88
– 367 –
1MW
1MW
1MW
1MW
1.
2.
– 368 –
3.
4.
5.
6.
7.
1.
2.
– 369 –
2018 8
1MW
– 370 –
2020 12 31
%
A B C=B-A D=C/A×100%
1 0.00 0.00 0.00
2 483.70 429.03 -54.67 -11.30
3 0.00 0.00 0.00
4 0.00 0.00 0.00
5 483.70 429.03 -54.67 -11.30
6 0.00 0.00 0.00
7 0.00 0.00 0.00
8 0.00 0.00 0.00
9 0.00 0.00 0.00
10 0.00 0.00 0.00
11 483.70 429.03 -54.67 -11.30
12 9.54 9.54 0.00 0.00
13 0.00 0.00 0.00
14 9.54 9.54 0.00 0.00
15 474.16 419.49 -54.67 -11.53
1MW 474.16
419.49 54.67
11.53%
– 371 –
1
2
3
– 372 –
1
2
3
4
1
2
3
– 373 –
1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
– 374 –
2
(1)
(2)
(3)
(4)
(5)
(6) 63
1
– 375 –
2
– 376 –
3,708.86
1,620.00 2,088.86 56.32%
2020 12 31 2021 12 30
– 377 –
1
2
3
– 378 –
1
2
3
4
1
2
3
– 379 –
1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
– 380 –
2
(1)
(2)
(3)
(4)
(5) 2024 2024
(6)
[2020]426
(7)
(8) 63
– 381 –
2023
2023 25%
1
2
– 382 –
3,384.31
1,950.00 1,434.31
42.38%
2020 12 31 2021 12
30
– 383 –
1.
2.
3.
– 384 –
1.
2.
3.
4.
5.
6.
7.
8.
9.
10. 2021 4 1
11.
12.
– 385 –
1.
2.
– 386 –
2017 3
%
A B C=B-A D=C/A×100
1 5,050.12 – – –
2 89,680.89 – – –
3 – – – –
4 – – – –
5 10,785.99 – – –
6 70,888.86 – – –
7 46.25 – – –
8 38.34 – – –
9 7,959.79 – – –
10 94,731.01 – – –
11 35,836.65 – – –
12 24,516.15 – – –
13 60,352.80 – – –
14 34,378.21 20,951.88 -13,426.33 -39.05
– 387 –
2020 12 31 94,731.01
60,352.80 34,378.21
20,951.88 39.05%
– 388 –
B
B
B
B
B
B
1.
2.
– 389 –
3.
4.
5.
6.
7.
1.
2.
– 390 –
B
B
B
(B )
B
70,963.15 57,650.74 13,312.41
14,936.57 1,624.16
12.20%
– 391 –
1
2
3
– 392 –
1
2
3
4
1
2
3
1
(1)
(2)
– 393 –
(3)
(4)
(5)
(6)
(7)
(8)
(9)
2
(1)
(2)
(3)
– 394 –
(4)
(5) 2023 2023
(6)
[2020]426
(7)
(8) 63
2019 1 1 2021 12 31
12.5%
2021
2021 25%
– 395 –
1
2
– 396 –
24,167.01
30,110.00
5,942.98 24.59%
2020 12 31 2021 12
30
– 397 –
1
2
3
– 398 –
1
2
3
4
1
2
3
– 399 –
1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
– 400 –
2
(1)
(2)
(3)
(4)
(5) 2023 2023
(6)
[2020]426
(7)
(8) 63
– 401 –
1
2
– 402 –
46,462.93
48,940.00
2,477.07 5.33%
2020 12 31 2021 12
30
– 403 –
1
2
3
– 404 –
1
2
3
4
1
2
3
– 405 –
1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
– 406 –
2
(1)
(2)
(3)
(4)
(5)
2024
2024
2025 2025
(6)
[2020]426
(7)
– 407 –
(8) 63
2030
2030 25%
1
2
– 408 –
33,349.14
46,550.00 13,200.86
39.58%
2020 12 31 2021 12
30
– 409 –
1.
2.
3.
– 410 –
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
– 411 –
2010 9
– 412 –
%
A B C=B-A D=C/A×100
1 11,418.54 – – –
2 58,756.26 – – –
3 – – – –
4 – – – –
5 42,337.10 – – –
6 16,324.11 – – –
7 95.05 – – –
8 – – – –
9 – – – –
10 70,174.80 – – –
11 5,671.14 – – –
12 1,930.00 – – –
13 7,601.14 – – –
14 62,573.66 64,070.00 1,496.34 2.39
2020 12 31 70,174.80
7,601.14 62,573.66
64,070.00 2.39%
– 413 –
2020 12 31
1.
– 414 –
2.
3.
4.
5.
6.
1.
2.
3.
– 415 –
– 416 –
%
A B C=B-A D=C/A×100%
1 58,403.80 59,522.70 1,118.90 1.92
2 248,654.03 326,131.49 77,477.46 31.16
3 3,000.00 6,890.46 3,890.46 129.68
5 223,196.09 246,869.41 23,673.32 10.61
8 10,694.66 53,953.53 43,258.87 404.49
9 9,687.53 52,433.06 42,745.53 441.24
10 9,972.57 16,627.38 6,654.81 66.73
11 307,057.83 385,654.19 78,596.36 25.60
12 110,332.69 110,332.69 0.00 0.00
13 35,459.73 34,885.43 -574.30 -1.62
14 145,792.42 145,218.12 -574.30 -0.39
15 161,265.41 240,436.07 79,170.66 49.09
307,057.83
385,654.19 78,596.36 25.60%
145,792.42 145,218.12 574.30
0.39% 161,265.41 240,436.07
79,170.66 49.09%
– 417 –
2020 12 31
1.
2.
– 418 –
3.
4.
5.
6.
1.
2.
3.
– 419 –
– 420 –
%
A B C=B-A D=C/A×100%
1 51,839.86 52,160.31 320.45 0.62
2 352,345.73 401,062.50 48,716.77 13.83
3 1,138.00 1,138.00 0.00 0.00
4 0.00 0.00 0.00 0.00
5 331,896.29 372,297.83 40,401.54 12.17
6 878.98 879.90 0.92 0.10
7 0.00 0.00 0.00 0.00
8 16,950.45 25,264.76 8,314.31 49.05
9 15,967.98 24,068.78 8,100.80 50.73
10 1,482.01 1,482.01 0.00 0.00
11 404,185.59 453,222.81 49,037.22 12.13
12 138,624.39 138,624.39 0.00 0.00
13 105,260.00 105,260.00 0.00 0.00
14 243,884.39 243,884.39 0.00 0.00
15 160,301.20 209,338.42 49,037.22 30.59
404,185.59
453,222.81 49,037.22 12.13%
243,884.39 243,884.39 0.00
0.00% 160,301.20 209,338.42
49,037.22 30.59%
– 421 –
2020 12 31
– 422 –
1.
2.
3.
4.
5.
6.
1.
2.
3.
– 423 –
– 424 –
%
A B C=B-A D=C/A×100%
1 6,674.99 6,674.99 0.00 0.00
2 111,989.90 118,665.88 6,675.98 5.96
3 0.00 0.00 0.00 0.00
5 101.80 188.87 87.07 85.53
8 0.00 0.00 0.00 0.00
9 0.00 0.00 0.00 0.00
10 6,363.81 6,363.81 0.00 0.00
11 118,664.89 125,340.87 6,675.98 5.63
12 33,041.89 33,041.89 0.00 0.00
14 83,520.89 83,520.89 0.00 0.00
15 35,144.00 41,819.98 6,675.98 19.00
118,664.89
125,340.87 6,675.98 5.63%
83,520.89 83,520.89 0.00 0.00%
35,144.00 41,819.98
6,675.98 19.00%
– 425 –
– 426 –
14.61
1
– 427 –
14.62(2)
3000
14.62(2)
– 428 –
.
1 2021 4 30
2 2021 4 30
3 2021 4 30
4 2021 4 30
5 2021 4 30
6 2021 4 30
7 2021 4 30
8 2021 4 30
9 2021 4 30
10 2021 4 30
11 2021 4 30
12 2021 4 30
13 2021 4 30
14 2021 4 30
15 2021 4 30
16 2021 4 30
– 429 –
17 2021 4 30
18 2021 4 30
19 2021 4 30
20 2021 4 30
21 2021 4 30
22 2021 4 30
23 2021 4 30
.
1 2021 4 30
2 2021 4 30
3 2021 4 30
4 2021 4 30
– 430 –
5 2021 4 30
6 2021 4 30
7 2021 4 30
8 2021 4 30
9 2021 4 30
10 2021 4 30
B
.
1 2021 4 30
– 431 –
8
2 12
– 432 –
1.
2.
(1)
XV
XV 7 8
352
XV 2 3
(2)
XV 2 3
– 433 –
5%
A H
A 4,534,199,224(L) 45.97% 55.66% –
H 85,862,000(L) 0.87% – 5.00%
A 757,226,729(L) 7.68% 9.30% –
Brown Brothers H 86,462,341(L) 0.88% – 5.03%
Harriman & Co.
86,462,341(P) 0.88% – 5.03%
(L) =
(P) =
85,862,000 H
XV 2 3
336
– 434 –
3.
6
– 435 –
4.
5.
6.
8.10
7.
– 436 –
8.
9.
(1)
(2)
(3)
(4)
1,000.0103
45.15%
(5)
500.1523
36.86%
(6)
2,822,503,971.45
– 437 –
53%
(7)
1,249,728,234
65%
(8)
10
(9)
10
10.
(1) 14800
(2) 2
(3) H
183 17 1712-1716
(4)
– 438 –
(5)
(6)
11.
15 8
(1)
(2)
(3)
(4) 58
(5) 59 95
(6)
(7)
(8)
(9)
(10)
(11)
– 439 –
(12)
(13)
(14)
(15)
(16) A
(17)
– 440 –
Huadian Power International Corporation Limited*
1071
4
6
3%
6 9 10
– 441 –
9.
10. (i)
(a)
(b) (ii)
*
– 442 –
1.
24
2.
(1)
(2)
(3)
2
(86)10 8356 7903
(86)10 8356 7963
(4)
183 17 1712-1716
(852) 2862 8628
(852) 2865 0990/2529 6087
3.
– 443 –