2022 10 10
2022
2022
2022
2022
i
......................................................................... 1
......................................................... 5
.............................................................. 9
..................................................................... 31
................................................................ 46
..................................................................... 56
............................................................ 90
.................................................................. 101
..................................................................... 107
ii
1997
H A
1996
54.92%
2002
98.33%
2004
2003
2022 6 2009
1
2010
59.38%
2013
51%
2011
73.97%
2007
2013
2014
2010
95%
2
2004
62.26%
2011
2011
H 1.00
A 1.00
3
4
Yankuang Energy Group Company Limited*
YANKUANG ENERGY
*
949 949
(86 537) 538 2319 (86 537) 539 2377
(86 537) 538 3311 (86 537) 538 3311
yzc@yanzhoucoal.com.cn xyshang.yzc@163.com
949
949
273500
http://www.yanzhoucoal.com.cn
yzc@yanzhoucoal.com.cn
5
A http://www.sse.com.cn
H http://www.hkexnews.hk
949
A 600188
H 01171
A
8 A 9
H
311 17
6
12 31
6 30 6
2022 2021 2021
(%)
75,275,358 42,673,504 76.40 108,615,647
36,108,340 12,992,234 177.92 39,935,159
-2,341,181 -2,384,168 – -5,319,334
30,259,117 7,987,299 278.84 24,288,809
18,453,733 6,277,804 193.95 16,941,435
3.78 1.29 193.39 3.48
1.
2. 2021 A 61,740,000
2018 A 12,779,580
4,948,703,640
7
6 30 12 31
2022 2021 2021
105,026,498 69,219,987 88,952,198
89,539,746 103,825,290 96,281,482
315,331,537 283,133,249 301,959,007
77,495,823 59,269,350 68,657,660
15.66 12.16 14.09
(%) 23.81 10.59 24.68
12 31
6 30 6
2022 2021 2021
(%)
25,112,369 5,268,317 376.67 29,815,724
9,772,476 4,718,003 107.13 23,316,286
5.14 1.08 375.75 6.12
8
1.
2.
2022
9
2022
+
115
8
50,000
10
2022 1-6 2021 1-6 (%)
1.
50,638 50,969 -331 -0.65
53,068 50,914 2,154 4.23
2.
3,133 3,022 111 3.66
2,915 2,687 228 8.49
3.
382,644 360,284 22,360 6.21
322,604 301,241 21,363 7.09
1.
(1)
5,064 33 0.7%
11
2022 1-6 2021 1-6 (%)
13,239 12,013 1,226 10.20
984 1,181 -196 -16.63
607 631 -24 -3.83
8,532 8,456 76 0.90
6,060 6,418 -358 -5.57
1,156 1,748 -592 -33.87
2,005 519 1,486 286.65
15,549 17,512 -1,964 -11.21
2,506 2,492 14 0.58
50,638 50,969 -331 -0.65
2022 3
(2)
5,307 215 4.2% 4,684
46.8%
612.82 303.28 98.0%
12
2022 1-6 2021 1-6
13,239 13,569 1,154.54 15,666 12,013 10,571 695.75 7,355
1 424 453 1,752.21 793 388 389 893.95 348
2 4,007 4,173 1,695.22 7,075 3,877 3,518 953.55 3,355
3 1,442 2,733 1,403.85 3,836 1,718 1,539 815.68 1,255
– – – – 10 8 771.65 7
5,872 7,359 1,590.52 11,704 5,993 5,454 910.12 4,964
7,366 6,210 637.94 3,962 6,020 5,116 467.23 2,391
984 823 1,996.26 1,643 1,181 777 1,177.72 915
2 823 823 1,996.26 1,643 1,000 777 1,177.72 915
162 – – – 180 – – –
607 605 580.72 351 631 627 388.65 244
607 605 580.72 351 631 627 388.65 244
8,532 5,281 788.87 4,166 8,456 6,538 533.97 3,491
3 1,155 1,159 868.27 1,006 1,072 1,079 552.90 597
2,026 1,949 866.09 1,688 2,077 2,074 546.94 1,134
5,352 2,174 677.32 1,472 5,307 3,385 519.98 1,760
6,060 5,521 593.04 3,274 6,418 4,443 407.90 1,812
6,060 5,521 593.04 3,274 6,418 4,443 407.90 1,812
1,156 1,106 742.00 821 1,748 1,910 489.46 935
1,156 1,106 742.00 821 1,748 1,910 489.46 935
2,005 1,772 636.46 1,128 519 537 376.04 202
2,005 1,772 636.46 1,128 519 537 376.04 202
15,549 15,653 1,394.30 21,825 17,512 17,100 470.59 8,047
73 73 1,848.38 136 61 60 629.22 38
1,291 1,300 1,747.60 2,272 1,360 1,335 575.63 768
991 997 2,006.25 2,001 1,294 1,270 623.57 792
13,194 13,282 1,311.28 17,417 14,797 14,435 446.76 6,449
2,506 2,513 879.10 2,209 2,492 2,389 415.07 992
2,506 2,513 879.10 2,209 2,492 2,389 415.07 992
– 6,225 1,638.45 10,199 – 6,021 1,156.16 6,962
50,638 53,068 1,154.78 61,282 50,969 50,914 607.97 30,954
13
2,086 6,225
54 674
-9 116
-671 1,346
440 1,022
-394 279
464 461
-681 14,459
51 1,166
235 3,002
2022 1-6 2021 1-6
37,894 42,370 33,702 23,268
22,079 28,066 18,036 14,142
1,022 943 710 340
7,569 6,277 8,715 5,129
2,885 3,412 1,127 907
2,903 1,945 4,428 2,221
1,437 1,728 686 528
4,916 8,216 4,185 2,293
2,303 3,399 2,255 1,131
2,020 986 1,659 832
1,149 1,733 453 300
1,791 793 3,387 1,440
2,996 3,784 5,273 1,691
53,068 61,282 50,914 30,954
14
2022 1-6 2021 1-6
23,870 24,535 19,947 9,401
4,014 7,438 4,398 4,073
8,534 10,269 3,887 2,417
14,750 16,563 22,543 14,988
1,901 2,478 138 74
53,068 61,282 50,914 30,954
(3)
254.27 55.07 27.6%
2022 1-6 2021 1-6 (%)
5,339 3,803 1,536 40.40
371.33 343.60 27.73 8.07
670 481 189 39.20
686.53 539.22 147.32 27.32
232 209 23 11.00
383.50 333.20 50.30 15.10
1,696 1,497 199 13.31
230.50 194.19 36.31 18.70
1,140 853 286 33.57
206.43 192.06 14.37 7.48
774 747 27 3.60
699.55 391.04 308.51 78.90
630 308 322 104.53
355.44 573.19 -217.75 -37.99
6,366 5,863 503 8.58
406.73 341.14 65.60 19.23
759 644 115 17.85
302.02 269.55 32.47 12.05
10,082 6,433 3,648 56.71
1,619.64 1,068.39 551.25 51.60
15
2.
2022 1-6 2021 1-6
1,005 786 5,682 4,263 1,065 874 5,639 3,387
467 327 1,373 885 551 370 2,043 848
158 157 1,099 909 213 211 1,585 1,210
123 124 1,489 1,329 – – –
37 36 663 335 32 34 379 299
464 382 2,365 1,979 456 414 1,626 1,265
224 173 1,170 605 224 212 891 583
103 104 608 433 109 104 608 305
541 551 1,122 1,165 378 353 615 488
541 551 1,122 1,165 378 353 615 488
1,117 1,191 2,790 2,476 1,117 1,039 2,205 1,279
962 1,017 2,051 1,876 956 885 1,550 944
155 173 739 600 161 154 655 336
5 5 14 7 6 6 11 7
3,133 2,915 11,972 9,890 3,022 2,687 10,095 6,425
16
3.
2022 1-6 2021 1-6
73,021 66,247 289 197 53,277 53,277 181 141
79,058 69,571 286 224 70,842 61,124 215 194
17,248 14,512 72 35 13,869 4,938 27 25
10,390 8,676 21 21 13,804 8,439 21 21
44,351 16,599 41 62 57,910 22,880 66 73
158,576 147,000 584 541 150,582 150,582 408 409
382,644 322,604 1,293 1,079 360,284 301,241 918 862
17
1.
(%)
75,275 42,674 76.40
37,260 27,843 33.82
7,080 4,946 43.14
7,614 1,386 449.20
25,112 5,268 376.67
-2,473 -13,849 –
-12,867 13,298 -196.76
(1)
303.28
55.07 34.64
14.31
3.62
18
(2)
84.82
135.13 45.19
25.25
2.
3.
19
1.
(%) (%) (%)
3,757 1.19 6,343 2.10 -40.78
9.22
19.50
5,941 1.88 2,492 0.83 138.40
5,045 1.60 3,624 1.20 39.23
15.00
13,072 4.15 8,118 2.69 61.03 50.00
20
2.
(1)
2022 6 30 812.94 26.9%
(2)
22,534 8,033
2,286 1,194
21
3.
2022 6 30 840.95
4.
(1)
2022 6 30 774.96 1,006.55
129.9%
(2)
(3)
1.
(1)
(2)
22
(3)
16.98 16.87
5.39 5.98
127,610 126,815
1.
2022 6 30
2022
5,400 26,914 18,643 3,374
6,027 62,971 32,043 8,033
23
2022 33.74 12.28 57.2%
2022 80.33 6.38
2.
3.
95%
(1)
(%)
35,566 37,781 -5.86
15,867 15,050 5.43
24
(2)
(%)
486 378 28.68
203 175 15.99
(%)
5,904 5,702 3.55
41,529 43,602 -4.75
25
26
1.
2022 2022
2022 2022
103,605 518,820
44 42,496
21,676 146,136
12,287 160,535
– 4,781
11,383 90,507
2,280 21,768
408 96,547
– 26,958
8,040 56,088
59,952 308,907
20,353 147,191
86 23,430
240,113 1,644,164
2022 2022
2022 2022
89,160 612,997
59,894 253,639
12,983 146,158
11,535 165,976
– 30,000
4,748 17,224
117,640 907,475
5,514 75,994
– 17,115
27,798 30,583
240,113 1,644,164
27
2.
2022 123.00
14.08
3.
2022
50
10 DMMn
2023 3
28
5%
5%
+ 2,500
200
+
4.
(1)
(2)
(3)
2.44
29
5.
2022 15%
25% 30%
16.5%
30
2022 2022 1 27 2022 1 27
2022 A 2022 1 27 (http://www.sse.com.cn) 2022 1 27
2022 H 2022 1 27 2022 1 27
2021 2022 6 30 (http://www.hkexnews.hk) 2022 6 30
2022 A 2022 6 30 2022 6 30
2022 H 2022 6 30 (http://www.yanzhoucoal.com.cn) 2022 6 30
31
1.
2022 3 29
2022 8 24
2.
2022 1 25
3.
2022 3 30
2022 4 29
2022 4 28
32
– 2022 5 30
– 2022 3 16
– 2022 3 16
– 2022 1 29
– 2022 2 15
33
( )
( )
2018 A
Black-Scholes (B-S
8.75 4 26.44% 2.98%
1.90
2019 2 12 2019 A H
2018 A
2021 1 13
2021 2 18 2022 2 11 2021 5 19 469
14,184,060
34
2022 1 27
2022 2 14 2023 2 10
2022
6 30
1 15 4.95 30.72 5.10
2 26 8.58 30.72 8.84
3 15 4.95 31.20 5.10
4 15 4.95 30.66 5.10
5 15 4.95 30.72 5.10
6 12 3.96 30.66 4.08
7 15 4.95 30.66 5.10
8 26 8.58 31.20 8.84
(427 3,684.644 1,232.688 – 1,254.26
435 3,823.644 1,277.958 – 1,301.52
304.202
1.
35
2.
5%
3.
2019 2 12 2019 A H
499 4,632
(A
4.
1% A 1%
5.
24 36 48
6.
24
(1) 30 30
1
(2) 10
(3)
2
36
(4)
24 36 33%
36 48 33%
48 60 34%
7.
9.64
37
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
2021 1 13 33
3,299,140 46,320,000 43,020,860
7.52
2022 1 27 37
2,831,720 28,836,800
26,005,080
6.52
38
2022 4 29 6
210,300 13,225,500
13,015,200
18,998.70 ,
2021 A
11
12.80
39
2022 1 27 2022 A H
2021 A
0 20 11.72 0 20 39.48
0 16 11.72 0 16 39.48
0 16 11.72 0 16 39.48
0 16 11.72 0 16 39.48
0 16 11.72 0 16 39.48
0 16 11.72 0 16 39.48
0 16 11.72 0 16 39.48
0 8 11.72 0 8 39.48
0 8 11.72 0 8 39.48
0 16 11.72 0 16 39.48
0 16 11.72 0 16 39.48
0 16 11.72 0 16 39.48
12 0 180 – 0 180 –
1,233 0 5,994 – 0 5,994 –
1,245 0 6,174 – 0 6,174 –
40
1.
2.
5%
3.
1,245 6,174
(A 487,418.41 1.27%
4.
1%
5.
2022 1 27 2022 1 27
6.
24 36 48
41
7.
24 33%
36
36 33%
48
48 34%
60
1
8.
11.72 11.72
9.
50%
1
20 60 120
42
1 20 60 120
A 23.44 23.29 27.03 22.55 11.72
10.
2022 1 27 2022 2022 A
2022 H
60
11.
2022 2 24
2022 2 25 2021 A
72,359.29 ,
2018 2018
2018 5 30 2018 2022 2 28
2021 12 31
43
2022 2
2022 1
44
2021
e
45
( )
1.
2022
COD SO2 NOX PM10
SO2 NOX
COD SO2 NOX
2022
46
2022
1 COD 1 COD 128.4 COD 12.4
(DB37/3416.1-2018) 6.4 0.11
2 COD 120.4 COD 20.5
6.0 0.27
3 COD 33.1 COD 2.9
1.7 0.08
4 COD 9.8 COD 0
0.4 0
5 COD 30.7 COD 4.4
2.9 0.04
6 COD 362.9 COD 5.0
18.1 0.15
7 1 COD 95.4 COD 4.9
(DB37/3416.1-2018) 5.9 0.01
8 1 COD 109.0 COD 0.7
(DB37/3416.1-2018) 5.5 0.003
(GB
18918-2002)
9 GB3838-2002 COD COD 3.5
0.18
47
2022
10 96.6 6.7
SO2 (DB61/1226-2018) SO2 617.0 SO2 27.9
NOX NOX 1,149.4 NOX 234.6
11 (GB13271- 19.4 3.7
2014) SO2 89.4 SO2 8.9
NOX 114.8 NOX 22.3
12 23.5 0.1
SO2 107.2 SO2 29.1
NOX 81.0 NOX 27.4
13 (GB13271- 14.0 0.4
2014) SO2 46.6 SO2 0.4
NOX 93.1 NOX 10.2
14 (GB13223- 243.7 4.4
2011) SO2 492.8 SO2 61.8
NOX 923.0 NOX 126.4
15 34.6 4.2
(DB37/664-2019) SO2 242.4 SO2 30.0
NOX 346.3 NOX 89.8
16 32.4 5.8
SO2 226.9 SO2 25.3
NOX 319.0 NOX 143.3
17 (GB13223- 374 17.5
2011) SO2 1,522.1 SO2 81.6
NOX 1,522.1 NOX 232.3
48
2022
18 SO2 169.8 7.4
NOX (DB61/1226-2018) SO2 1,042.7 SO2 72.7
COD (DB61/224-2018) NOX 590.8 NOX 121.6
COD 90.5 COD 1.2
14.5 0.11
19 93.8 11.4
(DB37/664-2019) SO2 544.9 SO2 54.3
(DB37/2376-2019) NOX 787.1 NOX 171.5
1 COD 577.0 COD 204.0
(DB37/3416.1-2018) 91.0 7.96
2.
49
1
2
3
4
5
6
7
8
9 1 10
1 6
10 3 20
11 3 20
1 45
12 2 65
13
3 480
50
14 4 260
15 3 220 2 380
16 2 130 2 260
2 480
17 1 1,025
18 2 440
19 2 2,478
3.
51
4.
5.
PM10
(1)
COD 2 1
COD
2 1
COD
2 1
SO2 NOX
1
PM10 PM10
1
52
(2)
1
SO2 NOX 1
1
1
6.
2022
1 2022 73
300114
73
7.
( )
1.
2.
53
3.
( )
( )
650mg/L
1600mg/L
54
( )
3 2,800 kWh
156.8 kWh 1,231
2022
+ +
50
25
55
1997 1997
2018 7 27
56
1.
2.
57
3.
4.
58
2020 9 30 2020-2022
183.55
49.315%
100%
100%
100%
100% 99%
59
1. 2020-2022
43.14
49.315%
99%
60
2.
49.315%
99% =
61
3.
30
4.
62
63
2018
4 9
2018 4
7.49 6.56
14.35
2018 10 2018 12
2019 4
2019 8 2019 12
2020 12 30
64
2020 3 23,266.09 –
23,266.09
2022 6
2019 1 89 27,210.00
150
27,210.00
89 2
300.00 87
87
65
2018 12 5,595.00 –
45
4,325.00
5,595.00
31
31 4,325.00
14 1,260.00
2020 6 , 113,100.00 –
4.51 6.80
2020 8
2021 6
2022 2
66
2022 7 5 101,590.15 –
101,590.15
2020 7 14,094.08
14,094.08
2022 6
2021 4 16,924.64 –
16,924.64
67
2021 4 12,160.57 –
12,160.57
19,079.50
2,303.2
601101
2021 11 10
2022 2
68
Glencore Coal Pty Ltd
1
2022 4 29
2022 6 30 2021 2022 6 30
2021 2022 A
2023-2025 2022 H
69
2
(1)
2021 2 5 2021
2021-2023
2022 6 30 2021
2022-2023
2022 28.45
19.80
70
2022
2022 2021
(%) (%) (%)
2,845,370 2.84 1,820,512 2.78 56.30
1,979,715 1.97 1,193,582 1.83 65.86
2022
1,539,752.84 504,269.06 1,035,483.79
2022
3.63
2021 2 5 2021
2021-2023
150
71
2019 11 1 2019
2020-2022
2022 6 30 2.48 2022
711
2021 2 5 2021
2021-2023
5%
7.5%
2022 290
ERP
2021 2 5
ERP
2021 2023 ERP
2022 11,792
72
2021 3 26
2021-2023
2022 2.65
0.06
2021 8 27
2021 2023
2018-2020
2022 10,703
73
2022 1 27
2022-2024
6,000
2022 2022
2022 2022
1 2,400,000 991,482
2 3,139,000 607,365
195,000 13,568
3 847,000 362,988
4 7,620,000 1,846,352
5 2,000,000 93,514
3,270,000 979,042
6 10,100,000 9,852,390
4,000 711
7 3,000 0
8 7,595,000 0
595,000 290
74
2022 2022
9 ERP 50,000 11,792
10 600,000 264,859
400,000 5,717
5,000 691
11 60,000 10,703
12 60,000 0
(2)
2021 2 5 2021
2021-2023
2022 3.5 2022
0.57
75
2021 2 5 2021
HVO 2021-2023 HVO
2022 HVO 7.5
2022 0.27
2021 2 5 2021
2021-2023
2022 2.5
2022 0.04
76
2021 2 5 2021
HVO 2021-2023
(i)
(ii)
2022 1,800 2022
584
2019 10 25
2019-2021 (i)
(ii)
(iii)
2021 12 1
2022
1.5
2022 0.61
77
3
1.
2.
2022 6 30
2.87 8.61
75% 25%
2022 6 30
75%
3.
4.
78
1.
2.
3.
1.
2.
79
3.
93.99 4.83 98.82 296.95 -142.35 154.60
0 3.75 0 0 6.41 0
0 93.99 8.58 98.82 296.95 -135.94 154.60
1.
/ 0.30%-2.10% 246.87 2,565.30 2,691.34 120.83
/ / / 246.87 2,565.30 2,691.34 120.83
80
2.
86.00 3.5%-4.05% 82.50 50.65 47.25 85.90
/ 86.00 / 82.50 50.65 47.25 85.90
3.
15.00 12.62
4.
1.24
5
81
2022 8 26
2022 8 26
14A
14A
82
1.
2.
40,000 2018.9.25 2018.9.25 2023.9.25 40,000 0
0
(A) 40,000
353,198
(B) 2,824,431
(A+B) 2,864,431
(%) 34.81
(C) 0
70% (D) 1,201,526
50% (E) 0
(C+D+E) 1,201,526
83
1.
2019 19.99 2022 6 30
9.56
2019 12.75 2022 6 30
8.69
2019 5 2022 6 30
5
2019 13.8 2022 6 30
11.32
2019 13 2022 6 30
10.98
2019 10 2022 6 30 10
2020 19.7 2022 6
30 19.7
2020 3 2022 6 30
3
2020 13 2022 6 30
13
84
2020 13.74
6.42
2022 6 30 8.91
51% 4
2021 1.58
3.56 0.15
2.
2020 1
7.56 5.6 4.5
2020 4.95
2020 12
1.30
1 =6.7114 1 =4.6145
3.
85
4.
(1)
2022 2 21 15
2022 4 29
2022 8 26
2022 4 29
2022 8 26
(2)
2022 2 25 2022 3 30
2022 2 25 2022 3 30
86
(3)
2021 12 2021 12
2022 7 9.04
(4) H
2022 3 30
H
2022 5 25 H
2022 7 7 3.7 2022 7 18 2022
2022 8 8 3.7
87
H
2022 6 30 2021
H 20% H
2022 6 30 2021 2022 A 2022 H
H 10% H
88
2022 6 30 2021
2022 A H
2021 2022
2022 990
790 200
588 2019 10 1 2022
89
1.
( )
(%) (%)
0 0 61,740,000 61,740,000 61,740,000 1.25
1 0 0 0 0 0 0
2 0 0 0 0 0 0
3 0 0 61,740,000 61,740,000 61,740,000 1.25
0 0 0 0 0 0
0 0 61,740,000 61,740,000 61,740,000 1.25
4 0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
4,874,184,060 100 12,779,580 12,779,580 4,886,963,640 98.75
1 2,974,184,060 61.02 12,779,580 12,779,580 2,986,963,640 60.36
2 0 0 0 0 0 0
3 1,900,000,000 38.98 0 0 1,900,000,000 38.39
4 0 0 0 0 0 0
4,874,184,060 100 74,519,580 74,519,580 4,948,703,640 100
2021 A 61,740,000
2018 A 12,779,580
4,948,703,640
A
3,048,703,640 61,740,000 2,986,963,640
90
2.
2022 1 27
61,740,000 2022 1 27
2018 A
12,779,580
4,874,184,060 4,948,703,640
2022 1 27
2022 2 25 2022 4 1 2022
4 29
3.
4.
25%
91
1,245 0 0 20,374,200 20,374,200
24
36
1,245 0 0 20,374,200 20,374,200
36
48
1,245 0 0 20,991,600 20,991,600
48
60
0 0 61,740,000 61,740,000 / /
92
51,210
0
(%)
0 2,263,047,288 45.73 0 120,000,000
428,990 1,897,968,443 38.35 0 –
1,671,341 62,521,079 1.26 0 0
–9,942,106 24,567,208 0.50 0 0
13,508,844 14,508,844 0.29 0 0
14,126,445 14,126,445 0.29 0 0
13,777,760 13,777,760 0.28 0 0
8,242,900 13,286,160 0.27 0 0
–103,220 10,748,327 0.22 0 0
1103
9,741,824 9,741,824 0.20 0 0
93
2,263,047,288 2,263,047,288
1,897,968,443 1,897,968,443
62,521,079 62,521,079
24,567,208 24,567,208
14,508,844 14,508,844
14,126,445 14,126,445
13,777,760 13,777,760
13,286,160 13,286,160
1103 10,748,327 10,748,327
9,741,824 9,741,824
94
4.55 H
10 10
H
120,000,000 A
4.41% 2.42%
2022 6 30 A 2,263,047,288 H
454,989,000 54.92%
95
2022 6 30
(1)
XV 2 3 (2) 336
(3)
H
A 2,263,047,288 – 45.73%
120,000,000 – 2.42%
H 454,989,000 23.95% 9.19%
BNP Paribas Investment H 117,641,207 6.19% 2.38%
Partners SA
H
(www.hkexnews.hk)
XV
(i) 352 (ii)
96
10,000 10,000 0 –
85,800 85,800 0 –
49,500 299,000 249,500
0 0 0 –
85,800 331,600 245,800
0 160,000 160,000
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 –
0 160,000 160,000
0 160,000 160,000
49,500 259,000 209,500
0 209,500 209,500
97
3,000 131,600 128,600
0 80,000 80,000
0 0 0 –
49,500 259,000 209,500
0 0 0 –
85,800 331,600 245,800
0 160,000 160,000
1.
2. 16
98
100,500 0 49,500 49,500 51,000
174,200 0 85,800 85,800 88,400
100,500 0 49,500 49,500 51,000
100,500 0 49,500 49,500 51,000
100,500 0 49,500 49,500 51,000
80,400 0 39,600 39,600 40,800
100,500 0 49,500 49,500 51,000
174,200 0 85,800 85,800 88,400
/ 931,300 0 458,700 458,700 472,600
99
0 200,000 0 200,000 200,000
0 160,000 0 160,000 160,000
0 160,000 0 160,000 160,000
0 160,000 0 160,000 160,000
0 160,000 0 160,000 160,000
0 160,000 0 160,000 160,000
0 160,000 0 160,000 160,000
0 80,000 0 80,000 80,000
0 80,000 0 80,000 80,000
0 160,000 0 160,000 160,000
0 160,000 0 160,000 160,000
0 160,000 0 160,000 160,000
/ 0 1,800,000 0 1,800,000 1,800,000
100
,
( )
( )
1.
(%)
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
2021 21 01 188163 2021/5/28 2021/5/31 2024/5/31 30 3.74
2021 21 MTN001 102101379 2021/07/22 2021/07/26 2026/07/26 20 3.80
101
(%)
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
102
2.
3.
4.
5
103
( )
1.
(%)
2021 21 MTN002 102103102 2021/11/24 2021/11/26 2024/11/26 20 3.67
2022 22 MTN001A 102281098 2022/05/18 2022/05/20 2025/05/20 25 3.28
2022 22 MTN001B 102281099 2022/05/18 2022/05/20 2027/05/20 5 3.71
2022 22 MTN002 102281229 2022/06/08 2022/06/10 2025/06/10 20 3.30
2021 3 1
1 3
2022 3 1
1 3
2022 5 1
1 5
2022 3 1
1 3
104
2.
3.
4.
5.
105
( ) 10%
( )
(%)
1.18 0.94 26.08
1.01 0.79 26.96
(%) 62.90 66.58 3.68
(1-6 (%)
1,783,858 607,126 193.82
EBITDA 2.70 7.15 -62.18
13.68 4.23 223.57
5.72 2.89 98.20
EBITDA 16.76 6.59 154.30
(%) 100 100 0.00
(%) 100 100 0.00
106
2022 6 30
6 30
2022 2021
61,281,948 30,954,186
189,189 158,875
1,647,382 1,303,459
184,367 161,656
11,972,472 10,095,328
75,275,358 42,673,504
(2,072,147) (1,838,257)
(25,551,423) (20,027,020)
(1,492,574) (1,277,153)
(160,919) (138,827)
(9,889,955) (6,400,013)
(39,167,018) (29,681,270)
36,108,340 12,992,234
(7,079,919) (4,946,114)
1,213,143 1,050,034
268,423 (92,263)
2,090,311 1,367,576
5 (2,341,181) (2,384,168)
6 30,259,117 7,987,299
7 (7,613,640) (1,386,316)
22,645,477 6,600,983
18,453,733 6,277,804
176,927 49,567
4,014,817 273,612
22,645,477 6,600,983
9 3.78 1.29
9 3.76 1.29
107
2022 6 30
6 30
2022 2021
22,645,477 6,600,983
32 (56)
(8) 14
24 (42)
(371,943) (440,802)
488,810 86,024
(35,060) 106,434
81,807 (248,344)
(20,997) 20,697
(40,837) (1,132,903)
19,997 (1,360,592)
22,665,474 5,240,391
18,487,056 5,336,840
176,927 49,567
– –
4,001,491 (146,016)
22,665,474 5,240,391
108
2022 6 30
2022 2021
6 30 12 31
10 49,996,196 40,044,795
10 160,000 160,000
10 6,686,309 5,367,672
11 15,757,970 13,602,107
175,351 105,829
8,495,083 7,806,715
12 21,026,823 20,261,343
2,719,446 1,445,352
1,429 150,481
105,018,607 88,944,294
7,891 7,904
105,026,498 88,952,198
74,324,666 75,528,799
13 73,427,847 75,270,589
14 3,560,323 3,933,816
1,414,126 1,414,126
13,580,007 11,910,634
12,216,798 12,149,077
1,720,020 1,720,498
649,293 594,183
20,775,563 19,488,070
928,286 661,077
3,756,624 6,343,092
987,504 914,055
386,456 298,956
2,577,526 2,779,837
210,305,039 213,006,809
315,331,537 301,959,007
109
2022 6 30
2022 2021
6 30 12 31
15 22,873,229 22,995,923
33,835,875 36,647,289
3,992,805 4,982,639
16 1,017,277 966,925
51,331 52,695
1,791,209 2,693,959
17 19,966,757 25,205,390
59,132 59,132
14 10,661 184,117
5,940,641 2,491,895
829 1,518
89,539,746 96,281,482
16 4,543,463 3,692,198
1,316,077 1,115,839
17 80,688,736 78,194,707
14 461,483 915,911
5,045,206 3,623,604
10,485,073 10,178,780
102,540,038 97,721,039
192,079,784 194,002,521
18 4,948,704 4,874,184
18 72,547,119 63,783,476
77,495,823 68,657,660
19 13,072,398 8,118,100
32,683,532 31,180,726
123,251,753 107,956,486
315,331,537 301,959,007
110
2022 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
111
2022 6 30
18 18 18 19
2022 1 1 4,874,184 2,880,988 (169,297) 40,931 969,450 7,769,867 (8,187,691) 209,368 (270,288) 60,540,148 68,657,660 8,118,100 31,180,726 107,956,486
– – – – – – – – – 18,453,733 18,453,733 176,927 4,014,817 22,645,477
– – – – – – – – – – – – – –
– – – – – – – 24 – – 24 – – 24
– – – – – – – – 50,933 – 50,933 – 30,874 81,807
– – – – – – – (20,997) – – (20,997) – – (20,997)
– – – – – – 3,363 – – – 3,363 – (44,200) (40,837)
– – – – – – 3,363 (20,973) 50,933 18,453,733 18,487,056 176,927 4,001,491 22,665,474
– – – – – – – – – – – 4,990,400 – 4,990,400
– – – – – – – – – – – (213,029) – (213,029)
74,520 756,022 (723,593) (23,625) – – – – – – 83,324 – – 83,324
– – – 135,067 – – – – – – 135,067 – 7,173 142,240
– – 30,123 – – – – – – – 30,123 – 19,389 49,512
– – – – – – – – – – – – (2,525,247) (2,525,247)
– – – – – – – – – (9,897,407) (9,897,407) – – (9,897,407)
74,520 756,022 (693,470) 111,442 – – – – – (9,897,407) (9,648,893) 4,777,371 (2,498,685) (7,370,207)
2022 6 30 4,948,704 3,637,010 (862,767) 152,373 969,450 7,769,867 (8,184,328) 188,395 (219,355) 69,096,474 77,495,823 13,072,398 32,683,532 123,251,753
112
2022 6 30
6 30
2022 2021
25,112,369 5,268,317
(1,318,637) 1,646,807
– 1,009,996
(24,000) (95,470)
(88,147) (85,402)
(3,447,830) (2,857,305)
72,738 95,381
(67,721) 2,871
171,534 26,647
2,361,622 (5,112,167)
(17,900) (8,500,089)
(114,713) 20,165
(2,473,054) (13,848,566)
113
2022 6 30
6 30
2022 2021
(213,029) (272,830)
(419,020) (494,711)
806,917 106,664
12,974,527 17,493,340
– 2,181,481
4,990,400 5,000,000
(8,180,901) (5,554,024)
– 3,990,300
(2,525,247) –
(7,656,980) (5,060,439)
– (5,000,000)
(12,693,018) 820,352
49,512 88,119
(12,866,839) 13,298,252
9,772,476 4,718,003
40,044,795 17,116,460
178,925 373,213
49,996,196 22,207,676
114
2022 6 30
1.
2001 4 A H
2.
2022 6 30
34
16
2021 12 31
115
3.
2021 12 31
2022 1 1
3
16
37
16 2021 6 30
2018 2020
4.
2016
116
4.
–
–
–
–
–
117
4.
(a)
2022 6 30
61,281,948 189,189 1,647,382 184,367 11,972,472 – – 75,275,358
15,437,067 – – 802,491 457,253 – (16,696,811) –
76,719,015 189,189 1,647,382 986,858 12,429,725 – (16,696,811) 75,275,358
30,213,198 32,838 69,131 17,736 1,627,169 – – 31,960,072
– – – – – – – (2,715,361)
– – – – – – – 918,289
– – – – – – – 955,732
63,115 31,145 21,682 647 – 1,096,554 – 1,213,143
268,423 – – – – – – 268,423
– – – – – – – (2,341,181)
30,259,117
(7,613,640)
22,645,477
118
4.
(a)
2021 6 30
30,954,186 158,875 1,303,459 161,656 10,095,328 – – 42,673,504
3,413,393 – 38,674 534,107 5,650,992 – (9,637,166) –
34,367,579 158,875 1,342,133 695,763 15,746,320 – (9,637,166) 42,673,504
6,427,347 45,057 625,797 22,829 2,962,079 – – 10,083,109
– – – – – – – (1,494,002)
– – – – – – – 241,262
– – – – – – – 583,327
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
119
5.
6 30
2022 2021
2,398,761 2,564,648
28,921 20,623
2,427,682 2,585,271
(86,501) (201,103)
2,341,181 2,384,168
6.
6 30
2022 2021
2,488,371 1,407,525
5,503,329 3,063,571
202,820 305,944
(955,732) (583,327)
– (124,238)
(28,290) (570)
(18,263) (30,291)
(295) (48,233)
(243,849) (352,415)
(41,030) 173,257
120
7.
6 30
2022 2021
7,135,151 1,231,677
478,489 154,639
7,613,640 1,386,316
8.
6 30
2022 2021
2021 2.00
2021 2020 1.00 9,897,407 4,874,184
2021 6 18 2020 12 31 1.00
2022 6 30 2021 12 31
1.60 0.40
9.
2021 6 30
2021 6 30
6,277,804,000 2021 6 30 4,866,900,000
2021 6 30
2021 6 30
2021 6 30
121
9.
2022 6 30
2022 6 30
18,453,733,000 2022 6 30 4,883,575,000
2022 6 30
2022 6 30
18,453,733
(18,330)
18,435,403
4,883,575
13,301
4,896,876
122
10.
11.
2022 2021
6 30 12 31
9,168,386 6,684,333
(479,417) (505,005)
8,688,969 6,179,328
7,069,971 7,423,806
(970) (1,027)
15,757,970 13,602,107
6
2022 6 30 16,238,357,000 2021 12 31
14,108,139,000
180
123
11.
2022 2021
6 30 12 31
0 90 10,411,158 9,051,257
91 180 2,591,759 2,253,293
181 365 1,738,817 1,681,701
1 1,016,236 615,856
15,757,970 13,602,107
2022 6 30 2021 12 31
2022 2021
6 30 12 31
506,032 501,078
(15,427) (8,550)
24,006 17,620
(34,224) (4,116)
480,387 506,032
124
12.
2022 2021
6 30 12 31
6,100,321 4,920,798
(30,397) (30,397)
6,069,924 4,890,401
4,421,444 3,499,399
584,265 1,130,985
6,643,495 7,788,118
56,129 43,265
6,039,897 5,735,645
(2,788,331) (2,826,470)
21,026,823 20,261,343
(i) 2022 6 30 2021 12 31
2022 2021
6 30 12 31
30,397 –
– 30,397
30,397 30,397
4
125
12.
(ii) 2022 6 30 2021 12 31
2022 2021
6 30 12 31
2,826,470 2,336,746
– 555,020
(30,812) (51,688)
(7,327) (13,608)
2,788,331 2,826,470
13.
2022 6 30 1,507,392,000
2021 12 31 4,494,377,000 2022 6 30
54,475,000 2021 12 31 884,395,000
18,263,000 2021 12 31 57,596,000 2022 6 30
740,424,000 2021 12 31
901,986,000 14,414,227,000
14.
(i)
2022 6 30
2,331,000 3,465,993,000 91,999,000 2021 12 31
3,932,000 3,686,271,000 243,613,000
2022 6 30
37,005,000
126
14.
(ii)
2022 6 30 472,144,000 2021 12 31 1,100,028,000
2022 6 30 37,005,000
(iii)
2022 2021
6 30 6 30
202,820 305,944
28,921 20,623
(iii)
2022 6 30 419,020,000 2021 494,711,000
15.
2022 2021
6 30 12 31
11,970,317 12,305,428
10,902,912 10,690,495
22,873,229 22,995,923
127
15.
2022 2021
6 30 12 31
0 90 12,772,277 13,690,406
91 180 2,961,687 3,174,587
181 365 2,776,582 2,976,175
1 4,362,683 3,154,755
22,873,229 22,995,923
90
16.
2022 2021
6 30 12 31
4,659,123 3,423,249
(6,707) (271,506)
957,858 1,647,343
(49,534) (139,963)
5,560,740 4,659,123
1,017,277 966,925
4,543,463 3,692,198
5,560,740 4,659,123
128
17.
2022 2021
6 30 12 31
(i) 15,511,155 12,027,818
(ii) 4,455,602 5,520,592
(iii) – 7,656,980
19,966,757 25,205,390
(i) 25,563,753 25,303,593
(ii) 24,503,501 22,712,798
(iii) 14,369,917 14,138,800
(iv) 9,972,700 9,968,200
(v) 4,000,353 3,646,508
(vi) 2,278,512 2,424,808
80,688,736 78,194,707
100,655,493 103,400,097
(i)
2022 2021
6 30 12 31
1 15,511,155 12,027,818
1 2 6,013,000 6,188,377
2 5 17,363,253 17,415,216
5 2,187,500 1,700,000
41,074,908 37,331,411
129
17.
(ii)
2022 2021
6 30 12 31
1 4,455,602 5,520,592
1 2 4,519,580 4,197,253
2 5 16,473,776 16,120,408
5 3,510,145 2,395,137
28,959,103 28,233,390
(iii)
2022 2021
6 30 12 31
1 – 6,994,200
1 3,345,782 662,780
1 2 7,040,150 –
1 2 1,987,985 3,174,896
2 5 – 9,064,031
2 5 – 1,899,873
5 1,996,000 –
14,369,917 21,795,780
(iv)
2022 2021
6 30 12 31
1 2 3,799,025 –
2 5 4,189,175 2,993,600
5 1,984,500 6,974,600
9,972,700 9,968,200
130
17.
(v)
2022 6 30 4,000,353,000 596,053,432 2021 12
31 3,646,508,000 571,938,000 4.65%
(vi)
2022 6 30 2,278,512,000 2021 12 31 2,424,808,000
4.65%
18.
A H
2021 1 1 2,960,000,000 1,900,000,000 4,860,000,000
i 14,184,060 – 14,184,060
2021 12 31 2,974,184,060 1,900,000,000 4,874,184,060
i 74,519,580 – 74,519,580
2022 6 30 3,048,703,640 1,900,000,000 4,948,703,640
A H
2021 1 1 2,960,000 1,900,000 4,860,000
i 14,184 – 14,184
2021 12 31 2,974,184 1,900,000 4,874,184
i 74,520 – 74,520
2022 6 30 3,048,704 1,900,000 4,948,704
131
18.
1
(i) 2022 6 30 1 12,779,580 2021 12 31
14,184,060 61,740,000 2021 12 31
806,917,000 2021 12 31 128,461,060
74,520,000 732,397,000 2021 14,184,000 114,227,000
23,625,000 2021 12 31 31,347,000
6
10.5
2008 5 2013 8
1
2004 7 1
5
2008 1 1
2012 2 1 15 2013
10 1 30 2012 2 1 15
15
2008
1,000 4% 1,000 1
2% 1 10 0.5%
10 0.2%
132
18.
10% 50%
25%
(i) (ii)
2022 6 30 36,715,570,000 2021 12 31
37,388,828,000
19.
i vi
2021 1 1 5,217,667
7,984,270
178,664
(262,501)
(i) (5,000,000)
2021 12 31 2022 1 1 8,118,100
4,990,400
176,927
(213,029)
2022 6 30 13,072,398
133
19.
(i) 2018 3 26 5,000,000,000 6 6%
2021 12 31
(ii) 2021 6 22 1,700,000,000 3,300,000,000 3.99 4.40
3.99% 4.40%
(iii) 2021 8 20 1,000,000,000 3.54 3.54%
(iv) 2021 11 26 2,000,000,000 3.67
3.67%
(v) 2022 5 19 2,500,000,000 500,000,000 3.28
3.71 3.28% 3.71%
134
19.
(vi) 2022 6 8 2,000,000,000 3.30
3.30%
20.
135
20.
2022
6 30
– – 522,478 522,478
– – 1,162,855 1,162,855
1,429 – – 1,429
– – 7,069,971 7,069,971
381 – – 381
– – 126,434 126,434
1,810 – 8,881,738 8,883,548
– 59,132 – 59,132
2021
12 31
– – 494,188 494,188
– – 1,019,884 1,019,884
150,481 – – 150,481
– – 7,423,806 7,423,806
349 – – 349
– – 99,646 99,646
150,830 – 9,037,524 9,188,354
– 59,132 – 59,132
136
20.
2022 6 30 2021 12 31
11% 2021 11%
21.
14A
2022 2021
6 30 12 31
957,718 681,443
70,783 214,412
36,628 479
7,016,308 6,323,435
– 715
22,562 22,279
i
2,093,704 2,094,039
54,010 688,253
1,791,209 2,693,959
8,993 18,753
37,982 29,822
13,233,309 26,299,541
122,704 121,424
4,000,353 3,646,508
137
21.
i
i. +7.06 2025 4
1
6 30
2022 2021
1,891,630 1,263,866
105,346 –
277,022 202,968
10,732 7,667
25,931 –
18,845 –
214 –
6,817 –
4,314 –
2,198 –
264,859 –
15,576 –
991,482 585,951
9,939 5,810
476,747 442,857
76,456 101,752
10,703 –
ERP 11,792 –
28,435 28,887
617 –
362,988 –
93,514 –
138
21.
2022 6 30
12,197,385,000 2021 12 31 24,890,403,000
140,524,000 98,124,000 2021 12 31
258,402,000 245,363,000
6 30
2022 2021
1,966,351 5,262,326
689,200 623,813
2022 2021
6 30 12 31
401,923 1,014,219
147,925 42,071
139
21.
2022 2021
6 30 12 31
81,928 688,253
6 30
2022 2021
300 1,439
6,188 3,148
758 476
7,246 5,063
140
22.
2022 2021
6 30 12 31
5,435,724 3,289,815
1,270,939 842,893
25,971 26,171
8,867 19,741
– 2,340
2,375 4,219
6,743,876 4,185,179
141
23.
2022 2021
6 30 12 31
(a)
635,817 614,988
508,009 496,614
(b)
728,714 699,590
1,849,464 1,815,432
(c)
372,874 397,385
18,789 18,819
4,113,667 4,042,828
142
I.
(1)
(1a)
(1b)
(2)
(3)
143
I.
(4)
(5)
2022
6 30 2022
6 30
18,453,733 77,495,823
(728,504) -
1,727 (33,339)
5,000 (205,052)
- (899,403)
1,021 (415,568)
- (16,966)
138,549 517,259
- 13,072,398
5,099 (84,341)
– 160,446 (7,697,539)
– - (90,426)
- 647,648
18,037,071 82,290,494
144