2021 11 11
2021
2021
2021
2021
i
......................................................................... 1
......................................................... 5
.............................................................. 9
..................................................................... 31
................................................................ 43
..................................................................... 54
............................................................ 91
.................................................................. 99
..................................................................... 105
ii
1997 H
A
2021 4
1996
55.76%
2004
98.33%
2004
2002
2009
2010
59.38%
1
2013
51%
2011
73.97%
2007
2013
2002
95.14%
2014
2010 9
95%
2004
62.26%
2
2011
2011
H 1.00
A 1.00
3
4
Yanzhou Coal Mining Company Limited
949 949
(86 537) 538 2319 (86 537) 538 4451
(86 537) 538 3311 (86 537) 538 3311
yzc@yanzhoucoal.com.cn xyshang.yzc@163.com
949
298 949
2020
949
273500
http://www.yanzhoucoal.com.cn
yzc@yanzhoucoal.com.cn
2021 4 29
5
http://www.sse.com.cn
http://www.hkexnews.hk
949
A 600188
H 01171
8 A 9
33 43
6
12 31
6 30 6
2021 2020 2020
(%)
42,673,504 35,324,830 20.80 69,123,020
12,992,234 7,776,395 67.07 14,092,367
-2,384,168 -1,405,248 69.66 -2,867,029
7,987,299 7,941,200 0.58 7,372,354
6,277,804 4,548,656 38.01 6,318,000
1.29 0.93 38.71 1.29
2018 A 14,184,060
14,184,060
7
6 30 12 31
2021 2020 2020
69,219,987 67,531,906 57,552,825
103,825,290 78,686,925 102,576,222
283,133,249 219,702,959 273,009,258
59,269,350 55,496,738 57,894,751
12.16 11.32 11.91
(%) 10.59 8.20 10.91
12 31
6 30 6
2021 2020 2020
(%)
5,268,317 5,884,727 -10.47 6,958,798
4,718,003 -4,572,196 – -5,462,167
1.08 1.20 -10.00 1.43
8
1.
2.
2021
9
2021
+
5
+
2021 1-6 2020 1-6 (%)
1.
50,969 50,108 862 1.72
50,914 67,620 -16,706 -24.71
2.
3,022 935 2,087 223.16
2,687 934 1,753 187.80
3.
360,284 141,701 218,582 154.26
301,241 89,437 211,804 236.82
10
1.
(1)
5,097 86 1.7%
2021 1-6 2020 1-6 (%)
12,013 15,731 -3,718 -23.64
1,181 1,596 -415 -26.01
631 750 -119 -15.87
8,456 – 8,456 –
6,418 7,441 -1,023 -13.75
1,748 3,477 -1,728 -49.71
519 – 519 –
17,512 18,428 -916 -4.97
2,492 2,686 -194 -7.22
50,969 50,108 862 1.72
2020 49.315%
2020 51%
57.75%
2021
11
(2)
5,091 1,671 24.7% 4,489
40.8%
309.54 25.43 7.6%
2021 1-6 2020 1-6
12,013 10,571 695.75 7,355 15,731 15,847 525.78 8,332
1 388 389 893.95 348 389 413 777.94 321
2 3,877 3,518 953.55 3,355 4,174 4,375 701.26 3,068
3 1,718 1,539 815.68 1,255 1,781 1,809 537.24 972
10 8 771.65 7 1,137 1,271 585.45 744
5,993 5,454 910.12 4,964 7,482 7,869 648.86 5,106
6,020 5,116 467.23 2,391 8,250 7,978 404.38 3,226
1,181 777 1,177.72 915 1,596 1,588 878.70 1,395
2 1,000 777 1,177.72 915 1,230 1,355 969.73 1,314
180 – – – 366 233 349.98 81
631 627 388.65 244 750 734 280.91 206
631 627 388.65 244 750 734 280.91 206
8,456 6,538 533.97 3,491 – – – –
3 1,072 1,079 552.90 597 – – – –
2,077 2,074 546.94 1,134 – – – –
5,307 3,385 519.98 1,760 – – – –
6,418 4,443 407.90 1,812 7,441 6,164 228.31 1,407
6,418 4,443 407.90 1,812 7,441 6,164 228.31 1,407
1,748 1,910 489.46 935 3,477 3,481 278.81 971
1,748 1,910 489.46 935 3,477 3,481 278.81 971
519 537 376.04 202 – – – –
519 537 376.04 202 – – – –
17,512 17,100 470.59 8,047 18,428 17,748 464.78 8,249
61 60 629.22 38 88 85 752.67 64
1,360 1,335 575.63 768 757 729 675.56 492
1,294 1,270 623.57 792 1,092 1,051 703.12 739
14,797 14,435 446.76 6,449 16,492 15,883 437.80 6,954
12
2021 1-6 2020 1-6
2,492 2,389 415.07 992 2,686 2,663 359.68 958
2,492 2,389 415.07 992 2,686 2,663 359.68 958
– 6,021 1,156.16 6,962 – 19,396 617.64 11,980
50,969 50,914 607.97 30,954 50,108 67,620 495.38 33,498
-2,774 1,797
-712 232
-30 68
3,491 –
-393 798
-438 402
202 –
-301 99
-98 132
-8,261 3,243
13
2021 1-6 2020 1-6
33,702 23,268 50,659 25,642
18,036 14,142 24,808 14,906
710 340 9,363 3,843
8,715 5,129 7,143 3,668
4,428 2,221 6,242 1,656
1,813 1,435 3,103 1,569
4,185 2,293 3,878 2,045
2,255 1,131 2,011 1,062
3,941 1,182 4,588 1,702
3,387 1,440 3,745 1,498
3,443 1,641 2,739 1,549
50,914 30,954 67,620 33,498
14
2021 1-6 2020 1-6
19,947 9,401 25,126 10,676
4,398 4,073 3,116 2,709
3,887 2,417 4,381 2,505
22,543 14,988 32,353 16,255
138 74 2,644 1,353
50,914 30,954 67,620 33,498
(3)
199.20 46.08 18.8%
2021 1-6 2020 1-6 (%)
3,803 4,223 -420 -9.94
343.60 265.94 77.65 29.20
481 777 -296 -38.07
539.22 451.29 87.92 19.48
209 148 61 41.37
333.20 201.44 131.76 65.41
1,497 – 1,497 –
194.19 – 194.19 –
853 1,058 -204 -19.32
192.06 171.59 20.47 11.93
747 650 97 14.90
391.04 186.78 204.26 109.36
308 – 308 –
573.19 – 573.19 –
5,863 5,479 385 7.02
341.14 308.70 32.44 10.51
644 709 -65 -9.17
269.55 266.27 3.28 1.23
6,433 11,634 -5,201 -44.70
1,068.39 599.81 468.58 78.12
15
67.92
11.62
6.60
48.43
77.03
92.67
63.76
25.53
2.
2021 1-6 2020 1-6
1,065 874 5,639 3,387 – – – –
551 370 2,043 848 – – – –
213 211 1,585 1,210 – – – –
456 414 1,626 1,265 – – – –
224 212 891 583 – – – –
378 353 615 488 387 381 497 404
378 353 615 488 387 381 497 404
1,117 1,039 2,205 1,279 548 553 719 452
956 885 1,550 944 548 553 719 452
161 154 655 336 – – – –
6 6 11 7 – – – –
3,022 2,687 10,095 6,425 935 934 1,216 856
16
2020 100%
2020 100%
3.
2021 1-6 2020 1-6
– – – – 41,288 14,478 59 52
53,277 53,277 181 141 – – – –
70,842 61,124 215 194 83,772 74,211 261 182
13,869 4,938 27 25 – – – –
13,804 8,439 21 21 16,642 748 1 3
57,910 22,880 66 73 – – – –
150,582 150,582 408 409 – – – –
360,284 301,241 918 862 141,701 89,437 322 236
2021 0
2020 99%
17
1.
(%)
4,946 3,840 28.81
1,050 793 32.36
1,368 4,794 -71.47
2,384 1,405 69.66
13,849 5,957 132.47
13,298 -4,500 –
(1)
2.80
1.38 2020
2.26
5.38
10%
31.83
8.61
1.31
18
(2)
80.07
40.00
70.59 75.80
2.
2021
38.02 26.4% 4.9%
60.57 132.7% 19.62 0.57
3.
19
10%
31.83
1.
(%) (%) (%)
22,208 7.84 17,116 6.27 29.74
4,769 1.68 6,416 2.35 -25.67
7.47
4.47
8.00
9,296 3.28 7,291 2.67 27.49
7.40
6.80
4.56
3,235 1.14 1,764 0.65 83.42 20
21,008 7.42 16,685 6.11 25.91 16.07
32.30
7,452 2.63 5,365 1.97 38.89
20.37
20
(%) (%) (%)
3,726 1.32 1,634 0.60 128.00
20.37
2.
(1)
2021 6 30 684.02 25.4%
(2)
2004
3.
2021 6 30 668.76
4.
(1)
2021 6 30 934.34 1,023.29
109.5%
21
(2)
(3)
1.
(1)
(2)
(3)
19.35 15.73
14.77
1.53
5,058 14,971
22
1.
2021 6 30
2021
5,041 12,913 7,874 1,962
5,400 21,676 13,363 2,146
10,800 34,508 10,861 922
6,027 52,784 25,357 -638
2021 19.62 0.57
2021 21.46 9.47 11.99
126.6%
23
2021 6.38 36.46 42.84
117.5% 10%
2.
3.
95%
(1)
(%)
22,601 21,273 6.25
14,542 14,026 3.68
24
(2)
(%)
378 283 33.56
175 118 48.63
(%)
3,528 3,354 5.21
26,655 25,513 4.48
25
26
1.
2021 2021
2021 2021
18,486 373,156
9,565 122,984
9,703 42,930
25,982 125,974
5,903 45,522
0 4,218
0 7,409
3,871 168,938
121,500 183,239
67,438 226,962
43,601 73,516
0 2,000
100 3,329
306,149 1,380,177
2021 2021
2021 2021
232,508 600,368
96,218 224,862
132,378 253,586
3,913 112,430
0 9,490
25,487 527,095
8,545 99,371
39,609 153,343
306,149 1,380,177
27
2.
2021 932.16
14.77
3.
2021
28
5G+
29
4.
(1)
(2)
(3)
3.52
5.
2021 15%
25% 30%
16.5%
30
2021 2021 2 5 2021 2 5
2020 2021 6 18 http://www.sse.com.cn 2021 6 18
2021 A 2021 6 18 2021 6 18
2021 H 2021 6 18 http://www.hkexnews.hk 2021 6 18
2021 2021 8 20 2021 8 20
http://www.yanzhoucoal.com.cn
31
1.
2021 8 20 2021
2021
2021 8 20
2021 8 20
32
2.
2021 8 20 2021
2021
2021 8 20
2021 8 20
3.
2021 7 30
2021 2 20
2021 7 30
2021 8 9
33
2021 1 13
2021 1 13
2021 7 30
2021 7 30
34
2018 1
Black-Scholes B-S
8.75 4 26.44% 2.98%
1.90
2019 2 19 2019 A H
2018 A
2021 1 13
2021 2 18 2022 2 11
2021
6 30
1 26 8.58 9.52 0 17.42
2 15 4.95 9.50 0 10.05
3 26 8.58 9.84 0 17.42
4 15 4.95 9.27 0 10.05
5 26 8.58 9.27 0 17.42
6 15 4.95 9.27 0 10.05
7 15 4.95 9.84 0 10.05
8 32 10.56 9.27 0 21.44
9 26 8.58 9.52 0 17.42
35
2021
6 30
10 15 4.95 9.50 0 10.05
11 15 4.95 9.27 0 10.05
12 26 8.58 9.27 0 17.42
457 4,380 1,335.2460 9.27 329.9140 2,714.84
469 4,632 1,418.4060 – 329.9140 2883.68
1.
2.
5%
3.
4,668 A
491,201.60 0.95% 4,632
0.94%
36
4.
1% A 1%
5.
24 36 48
6.
24
(1) 30 30
1
(2) 10
(3)
2
(4)
37
24 36 33%
36 48 33%
48 60 34%
7.
9.64
38
8.
A
(1) 1 A 8.92
(2) 20 A 9.58
(3) 1 A 8.75
(4) 30 A 9.64
9.
2019 2 12 2019 2019 A
2019 H
60
10.
2021 1 13 30
3,280,000 3
, 80%
19,140 3,299,140
46,320,000 43,020,860 0.88%
7.52
11.
106,664,131.20
39
2018 2018
2018 5 30 2018 2021 2 26
2020 12 31 2021 3 26
[2020]212
40
60 47,000 A
41
2021 2 22 2018 A
9.98 47,000 A
47,000 A
(1)
(2)
(3)
(4)
2020
e
42
1.
GB13223-2011 GB13271-2014
GB20426-2006
2021
SO2 COD NOX PM10
SO2 NOX
COD SO2 NOX
2021
43
2021
1 COD 1 COD: 191.8 COD: 11.1
(DB37/3416.1- 9.6 0.08
2 2018) COD:120.4 COD: 18.5
GB20426-2006) 6.0 0.06
3 COD: 33.1 COD: 1.6
1.7 0.02
4 COD: 9.8 COD: 0
0.4 0
5 COD: 30.7 COD: 5.9
2.9 0.09
6 COD: 362.9 COD: 14.6
18.1 0.48
7 1 COD: 95.4 COD: 10.9
(DB37/3416.1- 5.9 0.13
2018)
(GB20426-2006)
(GB8978-1996)
8 1 COD: 109.0 COD: 0.2
(DB37/3416.1- 5.5 0.002
2018)
(GB20426-2006)
(GB 18918-2002)
9 COD COD: 1.9
(GB20426-2006) 0.05
44
2021
10 (GB16297- 96.6 13.1
SO2 1996) SO2: 668.2 SO2: 21.7
NOX (GB13223-2011) NOX: 1,169.9 NOX: 320.3
(DB61/1226-2018)
(GB9078-1996)
11 10.8 2.6
SO2: 51.8 SO2: 2.8
(GB13271-
NOX: 64.8 NOX: 21.3
2014)
12 23.5 1.9
(GB16297-1996)
SO2: 107.2 SO2: 10.6
NOX: 81.0 NOX: 15.9
13 6.1 0.8
(GB13271-2014) SO2: 20.4 SO2: 7.0
NOX: 40.7 NOX: 11.0
14 613.8 2.6
(GB13223-2011) SO2: 1,682.4 SO2: 58.6
(GB16297-1996) NOX: 1,823.8 NOX: 154.7
(GB31571-
2015)
(GB9078-1996)
15 34.6 6.0
(DB37/664-2019) SO2: 242.4 SO2: 20.7
(GB16297-1996) NOX: 346.3 NOX: 83.4
16 32.4 2.7
SO2: 226.9 SO2: 10.0
NOX: 319.0 NOX: 116.7
17 374 15.8
(GB13223-2011) SO2: 1,522.1 SO2: 87.1
NOX: 1,522.1 NOX: 228.4
45
2021
18 169.8 8.7
SO2 (GB13223-2011) SO2: 1,042.7 SO2: 78.9
NOX (GB31571-2015) NOX: 590.8 NOX: 136.2
COD (GB16297- COD: 90.5 COD: 10.2
1996) 14.5 0.55
(B31570-2015)
(DB61/1226-2018)
(DB61/224-2018)
(GB8978-1996)
19 73.6 17.7
(DB37/664-2019) SO2: 380.6 SO2 73.4
(DB37/2376- NOX: 543.7 NOX 154.9
2019) COD: 501.0 COD 162.8
(GB16297-1996) 79.5 3.7
1
(DB37/3416.1-2018)
(GB31571-2015)
2.
46
1
2
3
4
5
6
7
8
9
1 10 1 6
10
3 20
11
3 20
12
2 20
13
480
14 260
47
15
220
16 130
260 480
17 1 1,025
18 2 880
19 2 2,478
3.
4.
48
5.
PM10
(1)
COD 2 1
COD
2 1
COD
2 1
SO2 NOX
1
PM10 PM10
1
49
(2)
1
SO2 NOX
1
1
1
6.
2021
1 [2021]70 74
2 [2021]72 72
3 [2021]74 72
4 [2021]32 10
5 [2021]1 60
288
7.
50
1.
2.
3.
51
1.
650mg/L, 1,600mg/L
2. II 81 III
3. 6 (VOCs)
VOCs
(CDP)
1. 1.21 GJ 412
1,096
52
2. 35kV
5
871 kW.h 1,070
2,846
2021
400
9.1
300 56 1,000
7
53
1997 1997
2018 7 27
54
1.
2.
55
3.
4.
56
2020 9 30 2020-2022
183.55
49.315%
100%
100% 100%
100% 99%
57
1. 2020-2022
43.14
49.315%
99%
58
2.
49.315%
99% =
59
3.
30
4.
(1)
(2)
(3)
60
61
2018
4 9
2018 4
7.49 6.56
14.35 2018 10 2018 12
2019 4
2019 8 2019 12
2020 12 30
62
2015 10 9,911.90
8 5,878.82
7 9,911.90
10,342.00
2018 10
2019 5
2020 1
2020 12
30%
63
2021 4
2021 5
5,878.82
5 2015 11 5,966.90
7
5,966.90
7,913.12
7,913.12
2018 4
7,913.12
2018 12
2020 5
64
2021 5
70%
2021 7
2016 11 8,000.00
8,000.00
2018 11
2019 6
2020 10
2021 5
65
2017 6 9,052.00
8
6,716.44
7 9,585.96
9,052.00
2018 1
2018 11
2019 8
2020 4
2020 10
50%
2021 5
6,716.44
66
2020 3 23,266.09
23,266.09
2019 1 89 27,210.00
150
27,210.00
89 2
300.00 87
87
4
83
67
2018 12 5,595.00
45
3,975.00
5,595.00
29
26 3,975.00
12 850.00
4
2020 6 113,100.00
4.51 6.80
2020 8
2021 6
68
2020 7 14,094.08
14,094.08
2021 1 20,000.00
2021 8 1
20,000.00
2021 4
2021 5
2021 4 16,836.44
16,836.44
69
2021 4 12,160.57
12,160.57
2021 6 18,308.02
18,308.02
2021 7
19,079.50
70
71
Glencore Coal Pty Ltd
1.
/
2021 8 27 2021 8 27
2021 2023 /
2.
(1)
2021 2 5 2021
2021 2023
72
2021 18.21
11.94
2021
2021 2020
(%) (%) (%)
1,820,512 2.78 1,611,140 1.47 13.00
1,193,582 1.83 1,190,596 1.09 0.21
2021
1,555,398 901,260 654,138
2021
3.09
73
2021 2 5 2021
2021 2023
150
2
2019 11 1 2019
2020-2022
2021 6 30 68.62 2021
363
74
2021 2 5 2021
2021 2023
5%
7.5%
2021 1,038
2020 2 7
303
1
7
2021
75
ERP
2021 2 5
ERP
2021 2023 ERP
2021 11,792
2021 3 26
2021 2023
2021 1.74
76
2021 2021
2021 2021
1 900,000 411,658
2 2,787,000 595,839
170,000 17,336
3 770,000 309,126
4 3,320,000 1,802,028
5 500,000 0
2,970,000 0
6 9,800,000 6,861,750
4,000 363
7 3,000 0
8 6,510,000 1,038
510,000 785
9 14,763.70 0
10 ERP 50,000 11,792
11 600,000 174,293
400,000 0
5,000 0
2021 50% 738.19
77
(2)
2021 2 5 2021
2021 2023
2021 3.5 2021
0.51
2021 2 5 2021
HVO 2021 2023 HVO
2021 HVO 7.5
2021 2.34
2021 2 5 2021
2021 2023
78
2021 2.5
2021 0.35
2021 2 5 2021
HVO 2021 2023
(i)
(ii)
2021 1,800 2021
534
2019 10 25
2019 2021
(i) (ii)
(iii)
2021 1.8
2021 0.48
79
3.
1.
2.
3.
4.
80
1.
2021 8 27 2021 8 27
15
14.25
0.75
1.3414
191,149.50
10,060.50
2.
3.
81
1.
2.
3.
36.62 87.34 91.00 318.61 50.56 267.76
0 3.29 0 0 20.16 0
36.62 90.63 91.00 318.61 70.72 267.76
1.
/ 0.30%-2.75% 177.50 11.66 189.16
/ / / 177.50 11.66 189.16
82
2.
76.00 3.5%-4.35% 31.25 44.00 75.25
/ 76.00 / 31.25 44.00 75.25
3.
22.00 21.18
4.
119,497,609.66
14A 14A
83
1
2
24,000 2020.9.30 2021.9.30 2021.9.30 24,000 0
2021 9
40,000 2018.9.25 2023.9.25 2023.9.25 40,000 0
0
(A) 64,000
905,695
(B) 3,288,688
A+B 3,352,688
(%) 60.39
84
(C) 0
70% (D) 1,320,325
50% (E) 576,620
C+D+E 1,896,945
1.
2012 10
2021 6 30 1.04
2016 0.30
2021 6 30 0.30
2017 3.35
2021 6 30 3.35
2018 1.90
2021 6 30 1.90
2018 3.08
2021 6 30 3.08
85
2019 12.75
2021 6 30 12.50
2019 5
2021 6 30 5
2019 18
2021 6 30 18
2019 7.55 2021
6 30 7.55
2021 6 30 8.45
51%
4
2.4
2021
5.49
4.25 6.34
2.51 3.16
3.28
0.09
86
2.
2019
6.30 19.99 16.00
13.31 12.535
10
2020
2
2019
12
2.15
1 =6.4601 1 =4.8528
3
4
(1)
2021 2 5
2021 2 5
87
(2)
298
949
248 40
2021 3 8 2021 4 29
(3)
2020 8 14
2020 7 12 2020 8 14
2020 11 30 2021 4 1
88
H
2021 6 18 2020
H 20% H
2021 6 18 2020 2021 A 2021 H
H 10% H
89
2021 6 18 2020
2021
2020 2021
2021 990
790 200
588 2019 10 1 2021
90
1.
( )
(%) (%)
0 0 0 0 0 0
1. 0 0 0 0 0 0
2. 0 0 0 0 0 0
3. 0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
4. 0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
4,860,000,000 100 14,184,060 14,184,060 4,874,184,060 100
1. 2,960,000,000 60.91 14,184,060 14,184,060 2,974,184,060 61.02
2. 0 0 0 0 0 0
3. 1,900,000,000 39.09 0 0 1,900,000,000 38.98
4. 0 0 0 0 0 0
4,860,000,000 100 14,184,060 14,184,060 4,874,184,060 100
2020 12 31 A
2,960,000,000 2021 6 30 A 2,974,184,060
91
2.
2021 1 13 2018 A
2021 2 18 2022 2 11
14,184,060
4,860,000,000 4,874,184,060
2021 1 13 2021 4
2 2021 5 19
3.
4.
25%
49,335
0
92
(%)
-4,122,135 2,263,047,288 46.43 0 0
507,600 1,896,180,803 38.90 0 0
376,197 77,427,616 1.59 0 0
19,706,734 51,803,176 1.06 0 0
44,685,413 44,685,413 0.92 0 0
23,250,253 23,250,253 0.48 0 0
18,618,933 18,618,933 0.38 0 0
12,271,345 12,271,345 0.25 0 0
11,625,691 11,625,691 0.24 0 0
-7,858,800 11,496,300 0.24 0 0
93
2,263,047,288 2,263,047,288
1,896,180,803 1,896,180,803
77,427,616 77,427,616
51,803,176 51,803,176
44,685,413 44,685,413
23,250,253 23,250,253
18,618,933 18,618,933
12,271,345 12,271,345
11,625,691 11,625,691
11,496,300 11,496,300
94
4.55 H
H
18 01EB 4,122,135 0.08%
2021 6 30 A 2,263,047,288 1,875,662,151 A
387,385,137 A
H 454,989,000 55.76%
387,385,137 A
95
2021 6 30
(1)
XV 2 3 (2) 336
(3)
H
A 2,263,047,288 – 46.43%
387,385,137 – 7.95%
H 454,989,000 23.95% 9.33%
BNP Paribas Investment H 117,641,207 6.19% 2.41%
Partners SA
H
(www.hkexnews.hk)
XV
(i) 352 (ii)
96
10,000 10,000 0 –
0 85,800 85,800
0 49,500 49,500
0 0 0 –
0 85,800 85,800
0 49,500 49,500
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 0 0 –
0 85,800 85,800
0 0 0 –
0 0 0 –
0 49,500 49,500
0 49,500 49,500
0 0 0 –
10,000 10,000 0 –
10,000 162,600 152,600
0 85,800 85,800
12,800 12,800 0 –
0 49,500 49,500
0 49,500 49,500
0 85,800 85,800
97
260,000 0 85,800 85,800 174,200
150,000 0 49,500 49,500 100,500
260,000 0 85,800 85,800 174,200
150,000 0 49,500 49,500 100,500
260,000 0 85,800 85,800 174,200
150,000 0 49,500 49,500 100,500
150,000 0 49,500 49,500 100,500
320,000 0 105,600 105,600 214,400
260,000 0 85,800 85,800 174,200
150,000 0 49,500 49,500 100,500
150,000 0 49,500 49,500 100,500
260,000 0 85,800 85,800 174,200
/ 2,520,000 0 831,600 831,600 1,688,400
98
1.
(%)
2012 12 02 122168 2012/7/23 2012/7/23 2022/7/23 40 4.95
2012 12 04 122272 2014/3/3 2014/3/3 2024/3/3 30.5 6.15
2020 20 01 163234 2020/3/10 2020/3/12 2023/3/12 3 2.99
2020 20 02 163235 2020/3/10 2020/3/12 2025/3/12 27 3.43
2020 20 03 163236 2020/3/10 2020/3/12 2030/3/12 20 4.29
2020 20 04 175274 2020/10/21 2020/10/23 2035/10/23 35 3.89
2020 20 05 175275 2020/10/21 2020/10/23 2030/10/23 15 4.27
99
(%)
2021 21 01 188163 2021/5/28 2021/5/31 2024/5/31 30 3.74
2021 21 02 188164 2021/5/28 2021/5/31 2026/5/31 10 4.13
2021 21 Y1 188285 2021/6/21 2021/6/22 2023/6/22 17 3.99
2021 21 Y2 188286 2021/6/21 2021/6/22 2024/6/22 33 4.40
2021 21 Y4 188613 2021/8/19 2021/8/20 2024/8/20 10 3.54
2020 15 3 1
2020 10 5
2021 2 1
1 2
2021 3 1
1 3
2021 3 1
1 3
100
2.
3.
4.
5.
101
1.
(%)
2018 18 101801189 2018/10/19 2018/10/23 2021/10/23 30 4.39
MTN002
2021 21 012100979 2021/3/11 2021/3/15 2021/9/11 20 3.20
SCP001
2021 21 012101622 2021/4/21 2021/4/23 2021/10/20 20 3.20
SCP002
2021 21 102101379 2021/07/22 2021/07/26 2026/07/26 20 3.80
MTN001
2021 21 012102894 2021/08/09 2021/08/11 2022/05/08 30 2.80
SCP003
102
2.
3.
4.
5.
10%
103
(%)
0.66 0.57 15.79
0.52 0.46 13.04
% 69.76 69.19 0.57
1-6 (%)
607,126 297,204 104.28
EBITDA 7.15 5.30 34.91
4.23 6.24 -32.21
2.89 4.59 -37.04
EBITDA 6.59 9.60 -31.35
% 100 100 0
% 100 100 0
104
2021 6 30
6 30
2021 2020
30,954,186 33,497,673
158,875 183,807
917,992 321,518
2,164,591 1,215,949
385,467 20,818
161,656 85,065
7,930,737 –
42,673,504 35,324,830
(1,838,257) (1,745,601)
(20,027,020) (24,632,046)
(861,950) (236,004)
(1,431,355) (855,535)
(415,203) (12,917)
(138,827) (66,332)
(4,968,658) –
(29,681,270) (27,548,435)
12,992,234 7,776,395
(4,946,114) (3,839,730)
1,050,034 793,323
(92,263) (177,656)
1,367,576 4,794,116
5 (2,384,168) (1,405,248)
6 7,987,299 7,941,200
7 (1,386,316) (1,585,800)
6,600,983 6,355,400
6,277,804 4,548,656
49,567 295,750
– 58,997
273,612 1,451,997
6,600,983 6,355,400
9 1.29 0.93
105
2021 6 30
6 30
2021 2020
6,600,983 6,355,400
(56) (46)
14 12
(42) (34)
(440,802) (112,938)
86,024 237,577
106,434 (35,095)
(248,345) 89,544
20,697 24,879
(1,132,902) (258,364)
5,240,391 6,211,425
5,336,840 4,474,080
49,567 295,750
– 58,997
(146,016) 1,382,598
5,240,391 6,211,425
106
2021 6 30
2021 2020
6 30 12 31
10 22,207,676 17,116,460
10 260 1,010,256
10 4,768,836 6,415,643
11 9,295,642 7,291,455
3,234,615 1,763,523
84,038 97,935
8,562,061 7,113,633
12 21,007,635 16,684,986
50,926 50,356
69,211,689 57,544,247
8,298 8,578
69,219,987 57,552,825
70,496,423 72,714,205
13 65,948,370 65,516,221
14 7,452,337 5,365,499
1,390,345 1,389,163
17,389,151 20,635,959
20,663,143 20,666,014
1,743,440 1,754,149
486,273 444,613
19,635,820 18,580,156
341,577 445,411
4,995,195 4,720,330
966,933 1,009,562
117,926 178,055
2,286,329 2,037,096
213,913,262 215,456,433
283,133,249 273,009,258
107
2021 6 30
2021 2020
6 30 12 31
15 18,499,563 21,812,134
40,639,008 41,800,325
3,959,228 3,176,540
16 7,550 13,129
1,544,822 2,111,472
17 37,302,579 31,382,126
2,315 3,174
55,175 61,114
153,450 231,971
14 757,790 955,963
903,810 1,028,274
103,825,290 102,576,222
17 65,026,839 60,880,818
8,827,449 8,458,913
16 3,686,116 3,410,120
1,049,313 1,047,780
14 3,725,544 1,634,000
3,559,143 2,918,195
85,874,404 78,349,826
189,699,694 180,926,048
18 4,874,184 4,860,000
18 54,395,166 53,034,751
59,269,350 57,894,751
19 4,994,404 5,217,667
29,169,801 28,970,792
93,433,555 92,083,210
283,133,249 273,009,258
108
2021 6 30
18 18 18 19 19
2020 1 1 4,912,016 2,967,947 (213,259) 32,553 969,450 6,857,167 (6,652,427) 392,248 (1,025,001) 45,879,106 54,119,800 10,311,611 3,417,351 17,499,843 85,348,605
– – – – – – – – – 4,548,656 4,548,656 295,750 58,997 1,451,997 6,355,400
– – – – – – – (34) – – (34) – – – (34)
– – – – – – – 24,879 – – 24,879 – – – 24,879
– – – – – – – – 55,750 – 55,750 – – 33,794 89,544
– – – – – – (26,135) – – – (26,135) – 26,135 – –
– – – – – – (155,171) – – – (155,171) – – (103,193) (258,364)
– – – – – – (181,306) 24,845 55,750 4,548,656 4,447,945 295,750 85,132 1,382,598 6,211,425
– – – – – – – – – – – (299,986) (58,997) – (358,983)
– – – 6,257 – – – – – – 6,257 – – – 6,257
(52,016) (232,583) – – – – – – – – (284,599) – – – (284,599)
– – – – – – – – – – – – (3,417,351) – (3,417,351)
– – – – – – – – – – – – – 12,614 12,614
– – – – – – – – – (2,818,800) (2,818,800) – – (549,474) (3,368,274)
(52,016) (232,583) – 6,257 – – – – – (2,818,800) (3,097,142) (299,986) (3,476,348) (536,860) (7,410,336)
2020 6 30 4,860,000 2,735,364 (213,259) 38,810 969,450 6,857,167 (6,807,598) 417,093 (969,251) 47,608,962 55,496,738 10,307,375 – 18,345,581 84,149,694
109
2021 6 30
18 18 18 19
2021 1 1 4,860,000 2,735,364 (766,667) 64,451 969,450 7,367,074 (6,212,741) 252,963 (243,542) 48,868,399 57,894,751 5,217,667 28,970,792 92,083,210
– – – – – – – – – 6,277,804 6,277,804 49,567 273,612 6,600,983
– – – – – – – (42) – – (42) – – (42)
– – – – – – – 20,697 – – 20,697 – – 20,697
– – – – – – – – (154,620) – (154,620) – (93,725) (248,345)
– – – – – – (806,999) – – – (806,999) – (325,903) (1,132,902)
– – – – – – (806,999) 20,655 (154,620) 6,277,804 5,336,840 49,567 (146,016) 5,240,391
– – – – – – – – – – – 5,000,000 – 5,000,000
– – – – – – – – – – – (272,830) – (272,830)
14,184 131,118 – (31,347) – – – – – (7,291) 106,664 – – 106,664
– – – 11,103 – – – – – – 11,103 – 1,511 12,614
– – 140,713 – – – – – – – 140,713 – (52,594) 88,119
– – – – – – – – – – – (5,000,000) – (5,000,000)
– – 653,463 – – – – – – – 653,463 – 396,108 1,049,571
– – – – – – – – – (4,874,184) (4,874,184) – – (4,874,184)
14,184 131,118 794,176 (20,244) – – – – – (4,881,475) (3,962,241) (272,830) 345,025 (3,890,046)
2021 6 30 4,874,184 2,866,482 27,509 44,207 969,450 7,367,074 (7,019,740) 273,618 (398,162) 50,264,728 59,269,350 4,994,404 29,169,801 93,433,555
110
2021 6 30
2021 2020
5,268,317 5,884,727
1,646,807 (2,417,321)
1,009,996 –
(95,470) (4,800)
(85,402) (916,070)
(2,857,305) (2,074,214)
95,381 1,288,490
– 22,143
2,871 (31,329)
26,647 283,074
(5,112,167) (1,600,456)
(8,500,089) –
– (506,651)
20,165 –
(13,848,566) (5,957,134)
111
2021 6 30
2021 2020
(272,830) (358,983)
– (549,474)
– (1,917,482)
(20,623) (11,435)
(474,088) (271,349)
106,664 (298,757)
17,493,340 21,696,836
2,181,481 (13,133,691)
5,000,000 –
(5,554,024) (13,133,691)
3,990,300 –
(5,060,439) –
(5,000,000) (3,443,486)
820,352 (6,238,740)
88,119 26,772
13,298,252 (4,499,789)
4,718,003 (4,572,196)
17,116,460 22,789,951
373,213 (644,406)
22,207,676 17,573,349
112
2021 6 30
1.
2001 4
A H
2.
2021 6 30
34
16
2020 12 31
113
3.
2020 12 31
2021 1 1
16 2019
9 39
7 4
16
4.
2016
2020
114
4.
–
–
–
–
–
115
4.
(a)
2021 6 30
30,954,186 158,875 3,468,050 161,656 7,930,737 – – 42,673,504
3,413,393 – 38,674 534,107 5,650,992 – (9,637,166) –
34,367,579 158,875 3,506,724 695,763 13,581,729 – (9,637,166) 42,673,504
6,427,347 45,057 625,797 22,829 2,962,079 – – 10,083,109
– – – – – – – (1,494,002)
– – – – – – – 664,403
– – – – – – – 160,186
26,342 28,134 46,902 – – 948,656 – 1,050,034
(92,263) – – – – – – (92,263)
– – – – – – – (2,384,168)
7,987,299
(1,386,316)
6,600,983
116
4.
(a)
2020 6 30
33,497,673 183,807 1,558,285 85,065 – – 35,324,830
2,814,028 27,075 192,891 32,975 – (3,066,969) –
36,311,701 210,882 1,751,176 118,040 – (3,066,969) 35,324,830
8,322,569 72,677 365,083 18,734 – – 8,779,063
– – – – – – (1,168,004)
– – – – – – 662,538
– – – – – – 457,184
294,931 23,548 5,123 – 469,721 – 793,323
(177,656) – – – – – (177,656)
– – – – – – (1,405,248)
7,941,200
(1,585,800)
6,355,400
117
5.
6 30
2021 2020
2,564,648 1,635,628
20,623 11,435
2,585,271 1,647,063
(201,103) (241,815)
2,384,168 1,405,248
6.
6 30
2021 2020
1,407,525 972,157
3,063,571 2,817,989
305,944 113,113
(160,186) (457,184)
– (3,183,312)
(124,238) –
(570) (10,150)
(30,291) 1,287
(48,233) 53,148
(352,415) (120,310)
173,257 588,888
118
7.
6 30
2021 2020
1,231,677 1,852,354
154,639 (266,554)
1,386,316 1,585,800
8.
6 30
2021 2020
1.00 2020 0.58 4,874,184 2,818,800
2021 6 18 2020 12 31 1.00
9.
2021 6 30 6,398,139,000
2020 4,548,656,000 2021 2020 6 30 4,866,860,000 2020
4,901,760,000
2021 6 30 2020
2021 2020 6 30
2021 6 30
10.
119
11.
2021 2020
6 30 12 31
5,780,364 4,479,924
(511,416) (500,704)
5,268,948 3,979,220
4,027,242 3,312,609
(548) (374)
9,295,642 7,291,455
6
2021 6 30 9,807,606,000 2020 12 31
7,792,533,000
180
2021 2020
6 30 12 31
0 90 3,818,513 4,016,269
91 180 2,495,682 1,499,849
181 365 1,304,135 1,260,276
1 1,677,312 515,061
9,295,642 7,291,455
120
11.
2021 6 30 2020 12 31
2021 2020
6 30 12 31
501,078 482,331
– (36,601)
12,012 201,740
(1,126) (146,392)
511,964 501,078
12.
2021 2020
6 30 12 31
5,523,158 3,916,538
(581,421) (566,263)
4,941,737 3,395,275
3,680,815 3,194,472
994,159 1,548,713
7,531,667 4,301,874
38,214 123,615
5,647,663 5,800,444
(1,826,620) (1,679,407)
21,007,635 16,684,986
121
12.
(i) 2021 6 30 2020 12 31
2021 2020
6 30 12 31
566,263 579,506
– (13,243)
15,158 –
581,421 566,263
4
2021 6 30 2020 12 31
13,243,000
(ii) 2021 6 30 2020 12 31 /
2021 2020
6 30 12 31
1,679,407 769,779
174,190 909,628
(26,977) –
1,826,620 1,679,407
13.
2021 6 30 965,413,000 2020
12 31 3,237,581,000 2021 6 30
65,090,000 2020 12 31 1,613,399,000
30,291,000 2020 12 31 1,287,000 2021 6 30
2,181,481,000 2020
12 31
122
14.
(i)
2021 6 30
2,096,921,000 3,648,257,000 1,707,159,000 2020 12 31
5,113,000 3,621,137,000 1,739,249,000
2021 6 30
2,403,149,000
(ii)
2021 6 30 4,483,334,000 2020 12 31 2,589,963,000
2021 6 30
2,403,149,000
(iii)
2021 2020
6 30 6 30
305,944 113,113
20,623 11,435
(iii)
2021 6 30 494,711,000 2020 282,784,000
15.
2021 2020
6 30 12 31
9,641,015 11,930,944
8,858,548 9,881,190
18,499,563 21,812,134
123
15.
2021 2020
6 30 12 31
0 90 13,088,762 16,753,871
91 180 1,338,416 1,593,665
181 365 768,173 1,494,061
1 3,304,212 1,970,537
18,499,563 21,812,134
90
16.
2021 2020
6 30 12 31
3,423,249 2,042,722
(111,577) 72,231
468,009 328,410
– 1,063,914
(86,015) (84,028)
3,693,666 3,423,249
7,550 13,129
3,686,116 3,410,120
3,693,666 3,423,249
124
17.
2021 2020
6 30 12 31
(i) 15,160,952 12,456,628
(ii) 10,810,262 12,249,127
(iii) 11,331,365 6,676,371
37,302,579 31,382,126
(i) 22,624,668 17,677,720
(ii) 18,199,724 17,235,721
(iii) 10,251,214 16,011,427
(iv) 13,951,233 9,955,950
65,026,839 60,880,818
102,329,418 92,262,944
(i)
2021 2020
6 30 12 31
1 15,160,952 12,456,628
1 2 5,982,300 6,871,720
2 5 13,092,285 7,806,000
5 3,550,083 3,000,000
37,785,620 30,314,348
125
17.
(ii)
2021 2020
6 30 12 31
1 10,810,262 12,249,127
1 2 2,122,132 3,357,546
2 5 10,932,530 11,875,108
5 5,145,062 2,003,067
29,009,896 29,484,848
(iii)
2021 2020
6 30 12 31
1 11,331,365 4,496,625
1 2 3,996,000 2,179,746
2 5 3,041,867 3,994,000
5 – 678,328
1 2 – 3,040,342
2 5 3,213,347 8,298,757
21,582,579 22,687,798
(iv)
2021 2020
6 30 12 31
1 2 299,475 –
2 5 11,669,258 7,974,450
5 1,982,500 1,981,500
13,951,233 9,955,950
126
18.
A H
2020 1 1 2,960,000,000 1,952,016,000 4,912,016,000
i – (52,016,000) (52,016,000)
2020 12 31 2,960,000,000 1,900,000,000 4,860,000,000
ii 14,184,000 – 14,184,000
2021 6 30 2,974,184,000 1,900,000,000 4,874,184,000
A H
2020 1 1 2,960,000 1,952,016 4,912,016
i – (52,016) (52,016)
2020 12 31 2,960,000 1,900,000 4,860,000
ii 14,184 – 14,184
2021 6 30 2,974,184 1,900,000 4,874,184
1
(i) 2020 12 31 52,016,000 284,599,000
(ii) 2021 6 30 1 14,184,000
106,664,000 14,184,000 92,480,000
38,638,000
127
18.
6
6.5
2008 5 2013 8
1
2004 7 1
5
2008 1 1
2012 2 1 15 2013
10 1 30 2012 2 1 15
2008
1,000 4% 1,000 1
2% 1 10 0.5%
10 0.2%
(i) (ii)
2021 6 30 50,264,728,000 2020 12 31 48,868,399,000
128
19.
i iii iv
2020 1 1 10,311,611 3,417,351 13,728,962
491,042 56,656 547,698
(584,986) (56,656) (641,642)
(5,000,000) (3,417,351) (8,417,351)
2020 12 31 2021 1 1 5,217,667 – 5,217,667
5,000,000 – 5,000,000
49,567 – 49,567
(272,830) – (272,830)
(5,000,000) – (5,000,000)
2021 6 30 4,994,404 – 4,994,404
(i) 2017 8 18 5,000,000,000 5.75
5.75%
2020 12
31
(ii) 2018 3 26 5,000,000,000 6 . 6%
2021 6 30
129
19.
(iii) 2021 6 22 5,000,000,000
3.99% 4.40%
(iv) 2017 4 13 500,000,000 5.75
5.75%
2020 12 31
20.
130
20.
2021
6 30
– – 471,302 471,302
– – 1,050,971 1,050,971
50,926 – – 50,926
– – 4,027,242 4,027,242
331 – – 331
– – 14,640 14,640
51,257 – 5,564,155 5,615,412
– 153,450 – 153,450
131
20.
2020
12 31
– – 429,587 429,587
– – 1,107,497 1,107,497
50,356 – – 50,356
– – 3,312,609 3,312,609
386 – – 386
– – 14,640 14,640
50,742 – 4,864,333 4,915,075
– 231,971 – 231,971
2021 6 30 2020 12 31
(i)
10.5% 2020
11%
132
21.
14A
2021 2020
6 30 12 31
599,941 267,917
203,905 154,519
13,136 60
213,781 1,411,355
278,881 295,545
108,039 101,287
i
1,038 1,132
687,443 676,085
1,544,822 2,118,227
9,813 14,209
21,165 21,415
25,027,226 18,571,954
149,867 142,836
ii
3,550,083 –
i ii
i. +7.06 2025 4
1
ii 7.75 2027 3 31
133
21.
6 30
2021 2020
1,263,866 1,091,066
7,667 15,115
202,968 441,584
– 1,891
– 3,425
585,951 544,958
5,810 1,819
442,857 497,117
101,752 119,116
28,887 24,567
2021 6 30
6,861,750,000 2020 12 31 9,845,000,000
117,560,000 72,479,000 2020 12
31 229,770,000 99,660,000
134
21.
6 30
2021 2020
5,262,326 2,210,397
623,813 581,932
2021 2020
6 30 12 31
1,026,700 49,774
534 500
135
21.
2021 2020
6 30 12 31
687,522 676,085
6 30
2021 2020
1,439 1,473
3,148 2,177
476 506
5,063 4,753
136
22.
2021 2020
6 30 12 31
(a)
4,649,855 4,490,977
359,938 193,768
22,395 314
(b)
96,058 17,655
10,204 9,720
(c)
15,381 14,864
– 361
5,153,831 4,727,659
137
23.
(i)
2021 2020
6 30 12 31
(a)
610,694 687,190
521,461 562,316
(b)
782,900 738,671
1,749,641 1,597,379
(c)
417,228 451,351
19,759 20,425
4,101,683 4,057,332
24.
2021 7 26 2021 20 2021 7
26
138
I.
(1)
(1a)
(1b)
(2)
(2a)
(3)
(3a)
(4)
139
I.
(5)
(5a)
2021
6 30 2021
6 30
6,277,804 59,269,350
(487,710) –
1,727 (36,794)
5,000 (215,052)
– (899,403)
1,021 (417,610)
– 160,447 (8,021,429)
– – (90,426)
– (16,966)
– 4,994,404
5,099 (82,557)
– 647,648
78,350 390,208
6,041,738 55,521,373
140