Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
SUMMARY OF FINANCIAL INFORMATION FOR
THE THIRD QUARTER OF 2019
This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Pursuant to the relevant laws and regulations in the People's Republic of China (the "PRC"), during the term of the mid-term notes or ultra-short-term debentures, China Datang Corporation Renewable Power Co., Limited* (the "Company") has to publish the financial statements for the third quarter on or before 31 October of each year. The enclosed management accounts are unaudited financial figures of the Company and its subsidiaries as well as the unaudited financial figures of the Company alone (excluding its subsidiaries) as of 30 September 2019 for disclosure on the websites of China Money at http://www.chinamoney.com.cn and Shanghai Clearing House at http://www.shclearing.com ("management accounts").
This announcement and the attached management accounts are originally prepared in Chinese and have been translated for publication in both English and Chinese. Where any inconsistency or conflict exists between the two versions, the Chinese version shall prevail.
Shareholders of the Company and public investors should aware that the financial information set out in the attached management accounts has been prepared in accordance with the PRC Accounting Rules and Standards and has not been audited nor reviewed by the auditors of the Company.
By order of the Board
China Datang Corporation Renewable Power Co., Limited*
Cui Jian
Joint Company Secretary
Beijing, the PRC, 31 October 2019
As at the date of this announcement, the executive directors of the Company are Mr. Liu Guangming and Mr. Meng Lingbin; the non-executive directors are Mr. Chen Feihu, Mr. Hu Shengmu, Mr. Wu Zhiquan and Mr. Liu Baojun; and the independent non-executive directors are Mr. Liu Chaoan, Mr. Lo Mun Lam, Raymond and Mr. Yu Shunkun.
- For identification purposes only
Balance Sheet
Prepared by: China Datang Corporation Renewable Power Co., Limited | Period ended September 2019 | Unit of amount: RMB | ||
Items | Line | Balance at the beginning of the year | Balance at the end of the period | |
Current assets: | 1 | -- | -- | |
Cash | 2 | 3,674,206,948.37 | 3,282,550,647.50 | |
△Settlement reserves | 3 | |||
△Placements with banks and other financial institutions | 4 | |||
☆Financial assets held for trading | 5 | |||
Financial assets at fair value through profit or loss | 6 | |||
Derivative financial assets | 7 | |||
Bills receivable | 8 | 335,276,338.01 | 351,887,491.23 | |
Trade receivables | 9 | 7,137,263,568.94 | 9,183,721,062.75 | |
Including: Electricity charges receivable | 10 | 6,899,909,394.78 | 8,829,465,512.68 | |
Heat charges receivable | 11 | 2,352,041.88 | 2,131,393.96 | |
Prepayments | 12 | 356,105,583.09 | 854,454,399.46 | |
△Premium receivables | 13 | |||
△Receivables from reinsurers | 14 | |||
△Deposits receivable from reinsurance | 15 | |||
Other receivables | 16 | 467,636,485.93 | 493,342,919.98 | |
△Financial assets held under resale agreements | 17 | |||
Inventory | 18 | 167,572,716.01 | 188,634,133.30 | |
Including: Raw materials | 19 | |||
Fuel | 20 | |||
Stock inventory (finished products) | 21 | 79,306.68 | 79,306.68 | |
☆Contract assets | 22 | |||
Held-for-sale assets | 23 | |||
Non-current assets due within one year | 24 | 21,155,139.30 | 25,227,703.54 | |
Other current assets | 25 | 641,590,719.51 | 693,767,958.54 | |
Total current assets | 26 | 12,800,807,499.16 | 15,073,586,316.30 | |
Non-current assets: | 27 | -- | -- | |
△Loans and advances granted | 28 | |||
☆Debt investment | 29 | |||
Financial assets available for sale | 30 | |||
☆Other debt investment | 31 | |||
Held-to-maturity investment | 32 | |||
Long-term receivables | 33 | 88,160,694.23 | 89,270,683.47 | |
Long-term equity investment | 34 | 801,812,767.05 | 824,021,696.54 | |
☆Other equity instrument investment | 35 | 312,048,792.45 | 383,549,380.20 | |
☆Other non-current financial assets | 36 | 15,311,191.21 | 15,311,191.21 | |
Funds to branches | 37 | |||
Investment properties | 38 | 16,748,192.25 | 16,287,474.33 | |
Fixed assets | 39 | 50,360,961,646.41 | 48,554,979,280.22 | |
Construction in progress | 40 | 6,068,559,522.60 | 9,022,047,650.30 | |
Productive biological assets | 41 | |||
Oil and gas assets | 42 | |||
Intangible assets | 43 | 1,136,047,153.61 | 1,059,675,701.79 | |
Development costs | 44 | 4,572,002.98 | 4,572,002.98 | |
Goodwill | 45 | 58,054,644.05 | 58,054,644.05 | |
Long-term deferred expenses | 46 | 161,914,333.24 | 145,184,536.07 | |
Deferred income tax assets | 47 | 15,859,265.59 | 15,794,915.79 | |
Other non-current assets | 48 | 2,575,784,944.55 | 2,422,008,939.26 | |
Including: Physical assets reserve specifically authorized | 49 | |||
Total non-current assets | 50 | 61,615,835,150.22 | 62,610,758,096.21 | |
Total assets | 51 | 74,416,642,649.38 | 77,684,344,412.51 | |
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |
Balance Sheet (Continued)
Prepared by: China Datang Corporation Renewable Power Co., Limited | Period ended September 2019 | Unit of amount: RMB | |
Items | Line | Balance at the beginning of the year | Balance at the end of the period |
Current liabilities: | 52 | -- | -- |
Short-term borrowings | 53 | 3,388,829,200.00 | 6,943,293,410.36 |
△Borrowings from central bank | 54 | ||
△Absorbing deposit and interbank deposit | 55 | ||
△Placements from banks and other financial institutions | 56 | ||
☆Financial liabilities held for trading | 57 | ||
Financial liabilities at fair value through profit or loss | 58 | ||
Derivative financial liabilities | 59 | ||
Bills payable | 60 | 106,848,928.64 | 365,006,612.94 |
Trade payables | 61 | 257,568,065.27 | 687,767,849.11 |
Advances received | 62 | ||
☆Contract liabilities | 63 | 3,315,381.65 | 12,146,038.41 |
Inter office account | 64 | ||
△Amount from sales of repurchased financial assets | 65 | ||
△Handling charge and commissions payable | 66 | ||
Staff remuneration payable | 67 | 42,595,551.74 | 45,149,287.40 |
Including: Salary payable | 68 | ||
Benefits payable | 69 | 27,175,345.33 | 26,896,191.80 |
Including: Employee bonus and welfare fund | 70 | 27,175,345.33 | 26,960,478.21 |
Tax charge payable | 71 | 278,983,440.74 | 160,105,118.45 |
Including: Tax payable | 72 | 276,781,308.01 | 123,746,106.45 |
Other payables | 73 | 5,609,081,849.23 | 5,761,620,291.28 |
△Payables to reinsurers | 74 | ||
△Deposits for insurance contracts | 75 | ||
△Client money received for acting as securities trading agent | 76 | ||
△Client money received for acting as securities underwriter | 77 | ||
Held-for-sale liabilities | 78 | ||
Non-current liabilities due within one year | 79 | 5,198,183,193.85 | 5,740,439,603.34 |
Other current liabilities | 80 | 6,075,583,561.63 | 4,000,000,000.00 |
Total current liabilities | 81 | 20,960,989,172.75 | 23,715,528,211.29 |
Non-current liabilities: | 82 | -- | -- |
Long-term borrowings | 83 | 32,075,543,661.55 | 31,911,534,388.25 |
Debentures payable | 84 | 1,998,151,209.16 | 2,196,222,969.47 |
Including: Preferred shares | 85 | ||
Perpetual bonds | 86 | ||
Long-term payables | 87 | 1,765,219,565.48 | 1,765,219,565.48 |
Long-term employee remuneration payable | 88 | ||
Accrued liabilities | 89 | 4,772,082.79 | |
Deferred income | 90 | 201,023,712.88 | 158,059,643.22 |
Fund appropriated by the parent company | 91 | ||
Including: Unified-borrowing and unified-lending | 92 | ||
Deferred income tax liabilities | 93 | 19,907,269.05 | 18,312,759.12 |
Other non-current liabilities | 94 | 2,114,441,346.92 | 2,081,564,511.21 |
Including: Special reserve fund | 95 | ||
Total non-current liabilities | 96 | 38,174,286,765.04 | 38,135,685,919.54 |
Total liabilities | 97 | 59,135,275,937.79 | 61,851,214,130.83 |
Owners' equity (or shareholders' equity): | 98 | -- | -- |
Paid-in capital (share capital) | 99 | 7,273,701,000.00 | 7,273,701,000.00 |
Government capital | 100 | 5,000,000,000.00 | 5,000,000,000.00 |
Including: State-owned legal person's capital | 101 | 5,000,000,000.00 | 5,000,000,000.00 |
Collective capital | 102 | ||
Private capital | 103 | ||
Including: Personal capital | 104 | ||
Foreign capital | 105 | 2,273,701,000.00 | 2,273,701,000.00 |
Less: Investment returned | 106 | ||
Net paid-in capital (share capital) | 107 | 7,273,701,000.00 | 7,273,701,000.00 |
Other equity instruments | 108 | 1,979,325,471.70 | 1,979,325,471.70 |
Including: Preference shares | 109 | ||
Perpetual bonds | 110 | 1,979,325,471.70 | 1,979,325,471.70 |
Capital reserves | 111 | 635,480,293.54 | 635,480,293.54 |
Less: Treasury stock | 112 | ||
Other comprehensive income | 113 | -205,342,919.52 | -133,790,083.16 |
Including: Foreign currency translation differences | 114 | -8,120,697.10 | -8,068,448.49 |
Special reserve | 115 | ||
Surplus reserves | 116 | 268,691,241.25 | 268,691,241.25 |
Including: Statutory reserves | 117 | 268,691,241.25 | 268,691,241.25 |
Discretionary reserve | 118 | ||
Reserve funds | 119 | ||
Enterprise development fund | 120 | ||
Profit return for investment | 121 | ||
△Provision for general risk | 122 | ||
Unallocated profits | 123 | 2,339,909,661.61 | 2,711,782,627.35 |
Total equity attributable to the parent's owners (or shareholders) | 124 | 12,291,764,748.58 | 12,735,190,550.68 |
Minority interests | 125 | 2,989,601,963.01 | 3,097,939,731.00 |
Total owners' equity ( or shareholders' equity ) | 126 | 15,281,366,711.59 | 15,833,130,281.68 |
Total liabilities and owners' equity ( or shareholders' equity ) | 127 | 74,416,642,649.38 | 77,684,344,412.51 |
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |
Income Statement
Prepared by: China Datang Corporation Renewable Power Co., Limited | Period ended September 2019 | Unit of amount: RMB | ||||||
Items | Line | Amount for this year | Amount for last year | Items | Line | Amount for this year | Amount for last year | |
I. Total Operating Revenue | 1 | 5,873,750,912.31 | 5,963,624,396.94 | Gains from change in fair value (Losses marked with "-") | 43 | |||
Including: Operating revenue | 2 | 5,873,750,912.31 | 5,963,624,396.94 | Gains from disposal of assets (Losses marked with "-") | 44 | |||
Including: Revenue from principal business | 3 | 5,867,012,559.02 | 5,954,983,984.23 | III. Operating profit (Loss marked with "-" ) | 45 | 831,710,031.53 | 1,321,849,927.16 | |
Including: (1) Electricity sales revenue | 4 | 5,775,948,961.84 | 5,853,995,586.00 | Add: Non-operating income | 46 | 17,680,765.66 | 1,360,872.47 | |
(2) Thermal sales revenue | 5 | 464,542.34 | 1,408,959.39 | Government Grants | 47 | 360,039.88 | 360,770.40 | |
(3) Others | 6 | 90,599,054.84 | 99,579,438.84 | Gains from debt restructuring | 48 | |||
Other business income | 7 | 6,738,353.29 | 8,640,412.71 | Less: Non-operating expenses | 49 | 5,832,982.45 | 55,028,789.84 | |
△Interest income | 8 | Loss for debt restructuring | 50 | |||||
△Premium earned | 9 | IV. Total profit (Total loss marked with "-" ) | 51 | 843,557,814.74 | 1,268,182,009.79 | |||
△Handling fee and commission income | 10 | Less: Income tax expenses | 52 | 197,053,086.01 | 196,744,403.78 | |||
II. Total Operating Cost | 11 | 5,309,981,622.25 | 4,900,712,664.74 | V. Net profit (Net loss marked with "-") | 53 | 646,504,728.73 | 1,071,437,606.01 | |
Including：Operating cost | 12 | 3,479,659,819.58 | 3,226,842,089.20 | (I) Items classified according to ownership: | 54 | -- | -- | |
Including：Cost of principal business | 13 | 3,478,660,963.48 | 3,223,091,733.10 | Net profit attributable to the owners of parent company | 55 | 517,346,985.74 | 905,443,116.12 | |
Including：(1) Electricity sales cost | 14 | 3,370,798,758.90 | 3,111,683,704.05 | Minority interests | 56 | 129,157,742.99 | 165,994,489.89 | |
(2) Thermal sales cost | 15 | 11,808,412.57 | 16,358,178.40 | (II) Items classified by continuing operations: | 57 | -- | -- | |
(3) Others | 16 | 96,053,792.01 | 95,049,850.65 | Net profit from continuing operation | 58 | 646,504,728.73 | 1,071,570,140.15 | |
Other business cost | 17 | 998,856.10 | 3,750,356.10 | Net profit from discontinued operation | 59 | -132,534.14 | ||
△Interest expenses | 18 | VI. Net other comprehensive income after tax | 60 | 71,539,777.57 | -35,126,181.03 | |||
△Handling fee and commission expenses | 19 | Net other comprehensive income after tax attributable to the owners of parent company | 61 | 71,552,836.36 | -35,080,727.35 | |||
△Surrender value | 20 | (I) Other comprehensive income that cannot be reclassified to profit or loss in subsequent periods | 62 | 71,500,587.75 | -34,727,527.43 | |||
△Net cash in compensation | 21 | 1.Changes arising from the re-measurement of defined benefit plans | 63 | |||||
△Net provisions for insurance contract | 22 | 2.Other comprehensive income under equity method that cannot be reclassified into profit or loss | 64 | |||||
△Policy payment expense | 23 | ☆3.Changes in fair value of investment in other equity instruments | 65 | 71,500,587.75 | -34,727,527.43 | |||
△Reinsurance expenses | 24 | ☆4.Changes in fair value of the Company's own credit risk | 66 | |||||
Taxes and surcharges | 25 | 69,125,093.02 | 69,769,328.19 | 5.Others | 67 | |||
Sales expenses | 26 | (II) Other comprehensive income that will be reclassified to profit or loss | 68 | 52,248.61 | -353,199.92 | |||
Administration expenses | 27 | 48,439,833.06 | 25,478,258.87 | 1.Other comprehensive income that can be reclassified into profit or loss under equity method | 69 | |||
Party Construction expenses | 28 | ☆2.Changes in fair value of other debt investments | 70 | |||||
Research and development expenses | 29 | 3.Gains and losses from changes in fair value of available-for-sale financial assets | 71 | |||||
Financial expenses | 30 | 1,631,621,931.25 | 1,577,074,988.48 | ☆4.Amount of financial assets reclassified into other comprehensive income | 72 | |||
Including ：Interest expenses | 31 | 1,660,740,067.62 | 1,603,856,922.20 | 5.Gains and losses from held-to-maturity investment reclassified as available-for-sale financial assets | 73 | |||
Interest income | 32 | 40,396,811.08 | 40,081,640.10 | ☆6.Credit impairment provisions for other debt investment | 74 | |||
Net exchange gains | 33 | 186,570.00 | 7.Reserves for cash flows hedges (effective part of hedging gains and losses from cash flows) | 75 | ||||
Net exchange losses | 34 | 2,182,970.19 | 3,123,615.54 | 8.Exchange differences from retranslation of financial statements | 76 | 52,248.61 | -353,199.92 | |
Asset impairment losses | 35 | 81,134,945.34 | 1,548,000.00 | 9.Others | 77 | |||
☆Credit impairment loss | 36 | *Net other comprehensive income after tax attributable to minority shareholders | 78 | -13,058.79 | -45,453.68 | |||
Others | 37 | VII. Total comprehensive income | 79 | 718,044,506.30 | 1,036,311,424.98 | |||
Add: Other income | 38 | 228,258,036.05 | 227,048,823.43 | Total comprehensive income attributable to the owners of parent company | 80 | 588,899,822.10 | 870,362,388.77 | |
Investment income (Loss marked with "-") | 39 | 39,682,705.42 | 31,704,420.34 | *Total comprehensive income attributable to minority shareholders | 81 | 129,144,684.20 | 165,949,036.21 | |
Including ：Income from investment in associates and joint ventures | 40 | 27,306,160.99 | 26,340,866.80 | VIII. Earnings per share: | 82 | -- | -- | |
△Exchange gains (Losses marked with "-") | 41 | Basic earnings per share | 83 | 0.0592 | 0.1125 | |||
☆Gains on net exposure hedges (Losses marked with "-") | 42 | Diluted earnings per share | 84 | |||||
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |
Cash Flows Statement
Prepared by: China Datang Corporation Renewable Power Co., Limited | Period ended September 2019 | Unit of amount: RMB | ||||||
Items | Line | Amount of last period | Amount of this period | Items | Line | Amount of last period | Amount of this period | |
I. Cash flows generated from operating activities: | 1 | -- | -- | Net cash inflow on disposal of fixed assets, intangible assets and other long-term assets | 30 | 1,178,870.64 | ||
Cash from sales of goods and provision of labour services | 2 | 4,369,800,600.27 | 4,675,249,739.11 | Net cash inflow on disposal of subsidiaries and other operational units | 31 | |||
△Net increase in customer deposits and interbank deposits | 3 | Cash generated from other investing activities | 32 | 437,746,304.51 | ||||
△Net increase in borrowings | from central bank | 4 | Sub-total of cash inflows from investing activities | 33 | 437,746,304.51 | 7,866,990.65 | ||
△Net increase in borrowings | from other financial institutions | 5 | Cash paid for acquisition of fixed assets, intangible asstes and other long-term assets | 34 | 3,099,280,501.35 | 3,566,911,081.48 | ||
△Cash received from premium of orignial insurance contract | 6 | Cash paid for investments | 35 | 5,000,000.00 | ||||
△Net cash inflow from reinsurance business | 7 | △Net increase of policy loans | 36 | |||||
△Net increase in deposit of the insured and investment | 8 | Net cash paid for acquisition of subsidiaries and other operational units | 37 | 79,541,300.52 | ||||
△Net increase in disposal of financial assets at fair value through profit or loss | 9 | Cash paid for other investing activities | 38 | |||||
△Cash recevied from interest, fee and commission | 10 | Sub-total of cash outflows from investing activities | 39 | 3,104,280,501.35 | 3,646,452,382.00 | |||
△Net increase of placements from banks and other financial institutions | 11 | Net cash flow generated from investing activities | 40 | -2,666,534,196.84 | -3,638,585,391.35 | |||
△Net increase of repurchase | business | 12 | III. Cash flow generated from financing activities: | 41 | -- | -- | ||
Tax refunds received | 13 | 195,169,469.25 | 189,127,330.63 | Cash received from investors | 42 | 1,200,000.00 | 7,450,940.67 | |
Cash from other operating activities | 14 | 141,793,068.69 | 148,887,138.46 | Including: Cash received from absorbing minority shareholders' investment by subsidiaries | 43 | 7,450,940.67 | ||
Sub-total of cash inflows from operating activities | 15 | 4,706,763,138.21 | 5,013,264,208.20 | Cash received from obtaining borrowings | 44 | 15,106,253,629.96 | 13,961,397,384.20 | |
Cash paid for purchase of goods and engagement of labour services | 16 | 259,225,216.88 | 546,593,167.46 | △Cash received from issuing bonds | 45 | 1,196,400,000.00 | ||
△Net cash increase of customer loans and advances | 17 | Cash received from other financing activities | 46 | 8,000,000,000.00 | ||||
△Net increase of deposits in central banks and other banks | 18 | Sub-total of cash inflows from financing activities | 47 | 15,107,453,629.96 | 23,165,248,324.87 | |||
△Cash paid for the compensation under the original insurance contract | 19 | Cash paid for repayment of debt | 48 | 10,384,882,171.62 | 10,944,567,530.88 | |||
△Cash paid for interest, fee and comission | 20 | Cash paid for distribution of dividends, profit or payment of interests | 49 | 1,690,273,853.77 | 1,779,602,778.74 | |||
△Cash paid for policy bonus | 21 | Including: Dividend and profit of minority shareholders paid by subsidiaries | 50 | |||||
Cash paid to and for employees | 22 | 365,604,442.87 | 454,745,282.77 | Cash paid for other financing activities | 51 | 10,000,000,000.00 | ||
Tax payments | 23 | 820,126,618.88 | 825,414,675.77 | Sub-total of cash outflows from financing activities | 52 | 12,075,156,025.39 | 22,724,170,309.62 | |
Cash used in other operating activities | 24 | 354,431,082.33 | 361,216,273.63 | Net cash flow generated from financing activities | 53 | 3,032,297,604.57 | 441,078,015.25 | |
Sub-total of cash outflows from operating activities | 25 | 1,799,387,360.96 | 2,187,969,399.63 | IV. Effect of fluctuations in exchange rate on cash and cash equivalents | 54 | -680,573.89 | 556,266.66 | |
Net cash flow generated from operating activities | 26 | 2,907,375,777.25 | 2,825,294,808.57 | V. Net increase in cash and cash equivalents | 55 | 3,272,458,611.09 | -371,656,300.87 | |
II. Cash flows generated from investing activities: | 27 | -- | -- | Add: Balance of cash and cash equivalents at the beginning of the period | 56 | 1,223,920,221.46 | 3,632,830,276.49 | |
Cash received from disposal of investment | 28 | VI. Balance of cash and cash equivalent at the end of the period | 57 | 4,496,378,832.55 | 3,261,173,975.62 | |||
Cash from investment gains | 29 | 6,688,120.01 | ||||||
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |
Balance Sheet
Prepared by: China Datang Corporation Renewable Power Co., Limited (Parent) | Period ended September 2019 | Unit of amount: RMB | |||
Items | Line | Balance at the beginning of the year | Balance at the end of the period | ||
Current assets: | 1 | -- | -- | ||
Cash | 2 | 528,887,229.82 | 374,082,986.99 | ||
△Settlement reserves | 3 | ||||
△Placements with banks and other financial institutions | 4 | ||||
☆Financial assets held for trading | 5 | ||||
Financial assets at fair value through profit or loss | 6 | ||||
Derivative financial assets | 7 | ||||
Bills receivable | 8 | 21,250,000.00 | 4,870,000.00 | ||
Trade receivables | 9 | 91,115,056.10 | 97,183,324.26 | ||
Including: Electricity charges receivable | 10 | 88,683,836.10 | 94,955,404.26 | ||
Heat charges receivable | 11 | ||||
Prepayments | 12 | 1,761,685.09 | 2,094,660.77 | ||
△Premium receivables | 13 | ||||
△Receivables from reinsurers | 14 | ||||
△Deposits receivable from reinsurance | 15 | ||||
Other receivables | 16 | 4,554,481,836.04 | 4,480,344,614.60 | ||
△Financial assets held under resale agreements | 17 | ||||
Inventory | 18 | 171,192.32 | 210,633.63 | ||
Including: Raw materials | 19 | 171,192.32 | 210,633.63 | ||
Fuel | 20 | ||||
Stock inventory (finished products) | 21 | ||||
☆Contract assets | 22 | ||||
Held-for-sale assets | 23 | ||||
Non-current assets due within one year | 24 | 1,836,446,007.31 | 1,836,446,007.31 | ||
Other current assets | 25 | 60,453,120.46 | 50,720,052.03 | ||
Total current assets | 26 | 7,094,566,127.14 | 6,845,952,279.59 | ||
Non-current assets: | 27 | -- | -- | ||
△Loans and advances granted | 28 | ||||
☆Debt investments | 29 | ||||
Financial assets available for sale | 30 | ||||
☆Other debt investment | 31 | ||||
Held-to-maturity investment | 32 | ||||
Long-term receivables | 33 | 11,946,256,050.32 | 10,658,643,389.55 | ||
Long-term equity investment | 34 | 18,853,659,971.59 | 19,511,966,404.92 | ||
☆Other equity instrument investment | 35 | 4,826,382.84 | 4,826,382.84 | ||
☆Other non-current financial assets | 36 | 15,311,191.21 | 15,311,191.21 | ||
Funds to branches | 37 | ||||
Investment properties | 38 | ||||
Fixed assets | 39 | 271,694,822.65 | 255,284,623.66 | ||
Construction in progress | 40 | 50,493,963.36 | 27,966,557.04 | ||
Productive biological assets | 41 | ||||
Oil and gas assets | 42 | ||||
Intangible assets | 43 | 8,336,213.68 | 7,239,626.84 | ||
Development costs | 44 | 54,002.37 | 54,002.37 | ||
Goodwill | 45 | ||||
Long-term deferred expenses | 46 | 733,203.54 | 510,179.61 | ||
Deferred income tax assets | 47 | ||||
Other non-current assets | 48 | 1,171,502,600.00 | 1,200,742,600.00 | ||
Including: Physical assets reserve specifically authorized | 49 | ||||
Total non-current assets | 50 | 32,322,868,401.56 | 31,682,544,958.04 | ||
Total assets | 51 | 39,417,434,528.70 | 38,528,497,237.63 | ||
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |
Balance Sheet (Continued)
Prepared by: China Datang Corporation Renewable Power Co., Limited (Parent) | Period ended September 2019 | Unit of amount: RMB | |
Items | Line | Balance at the beginning of the year | Balance at the end of the period |
Current liabilities: | 52 | -- | -- |
Short-term borrowings | 53 | 3,090,833,398.07 | 6,290,000,000.00 |
△Borrowings from central bank | 54 | ||
△Absorbing deposit and interbank deposit | 55 | ||
△Placements from banks and other financial institutions | 56 | ||
☆Financial liabilities held for trading | 57 | ||
Financial liabilities at fair value through profit or loss | 58 | ||
Derivative financial liabilities | 59 | ||
Bills payable | 60 | ||
Trade payables | 61 | 4,359,672.90 | 54,468,469.48 |
Advances received | 62 | ||
☆Contract liabilities | 63 | ||
Inter office account | 64 | ||
△Amount from sales of repurchased financial assets | 65 | ||
△Handling charge and commissions payable | 66 | ||
Staff remuneration payable | 67 | 3,591,410.10 | 3,959,653.63 |
Including: Salary payable | 68 | ||
Benefits payable | 69 | ||
Including: Employee bonus and welfare fund | 70 | ||
Tax charge payable | 71 | 5,024,416.71 | 4,114,581.78 |
Including: Tax payable | 72 | 4,505,478.56 | 3,604,961.43 |
Other payables | 73 | 240,955,137.11 | 165,726,596.79 |
△Payables to reinsurers | 74 | ||
△Deposits for insurance contracts | 75 | ||
△Client money received for acting as securities trading agent | 76 | ||
△Client money received for acting as securities underwriter | 77 | ||
Held-for-sale liabilities | 78 | ||
Non-current liabilities due within one year | 79 | 1,913,112,674.14 | 2,288,637,998.51 |
Other current liabilities | 80 | 6,575,583,561.63 | 4,000,000,000.00 |
Total current liabilities | 81 | 11,833,460,270.66 | 12,806,907,300.19 |
Non-current liabilities: | 82 | -- | -- |
Long-term borrowings | 83 | 9,956,231,049.99 | 8,355,405,716.63 |
Debentures payable | 84 | 1,998,151,209.16 | 2,196,222,969.47 |
Including: Preferred shares | 85 | ||
Perpetual bonds | 86 | ||
Long-term payables | 87 | ||
Long-term employee remuneration payable | 88 | ||
Accrued liabilities | 89 | ||
Deferred income | 90 | 10,456,373.01 | 10,456,373.01 |
Fund appropriated by the parent company | 91 | ||
Including: unified-borrowing and unified-lendin | 92 | ||
Deferred income tax liabilities | 93 | ||
Other non-current liabilities | 94 | 2,000,000,000.00 | 2,000,000,000.00 |
Including: special reserve fund | 95 | ||
Total non-current liabilities | 96 | 13,964,838,632.16 | 12,562,085,059.11 |
Total liabilities | 97 | 25,798,298,902.82 | 25,368,992,359.30 |
Owners' equity (or shareholders' equity): | 98 | -- | -- |
Paid-in capital (share capital) | 99 | 7,273,701,000.00 | 7,273,701,000.00 |
Government capital | 100 | 5,000,000,000.00 | 5,000,000,000.00 |
Including: State-owned legal person's capital | 101 | 5,000,000,000.00 | 5,000,000,000.00 |
Collective capital | 102 | ||
Private capital | 103 | ||
Including: Personal capital | 104 | ||
Foreign capital | 105 | 2,273,701,000.00 | 2,273,701,000.00 |
Less: Investment returned | 106 | ||
Net paid-in capital (share capital) | 107 | 7,273,701,000.00 | 7,273,701,000.00 |
Other equity instruments | 108 | 1,979,325,471.70 | 1,979,325,471.70 |
Including: Preference shares | 109 | ||
Perpetual bonds | 110 | 1,979,325,471.70 | 1,979,325,471.70 |
Capital reserves | 111 | 3,391,947,297.10 | 3,391,947,297.10 |
Less: treasury stock | 112 | ||
Other comprehensive income | 113 | 2,826,382.84 | 2,826,382.84 |
Including: Foreign currency translation differences | 114 | ||
Special reserve | 115 | ||
Surplus reserves | 116 | 263,169,828.03 | 263,169,828.03 |
Including: Statutory reserves | 117 | 263,169,828.03 | 263,169,828.03 |
Discretionary reserve | 118 | ||
Reserve funds | 119 | ||
Enterprise development fund | 120 | ||
Profit return for investment | 121 | ||
△Provision for general risk | 122 | ||
Unallocated profits | 123 | 708,165,646.21 | 248,534,898.66 |
Total equity attributable to the parent's owners (or shareholders | 124 | 13,619,135,625.88 | 13,159,504,878.33 |
Minority interests | 125 | ||
Total owners' equity (or shareholders' equity) | 126 | 13,619,135,625.88 | 13,159,504,878.33 |
Total liabilities and owners' equity (or shareholders' equity) | 127 | 39,417,434,528.70 | 38,528,497,237.63 |
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |
Income Statement
Prepared by: China Datang Corporation Renewable Power Co., Limited (Parent) | Period ended September 2019 | Unit of amount: RMB | ||||||
Items | Line | Amount for this year | Amount for last year | Items | Line | Amount for this year | Amount for last year | |
I. Total Operating Revenue | 1 | 23,676,711.85 | 23,739,844.00 | Gains from change in fair value (Losses marked with "-") | 43 | |||
Including: Operating revenue | 2 | 23,676,711.85 | 23,739,844.00 | Gains from disposal of assets (Losses marked with "-") | 44 | |||
Including: Revenue from principal business | 3 | 21,879,441.73 | 21,280,034.93 | III. Operating profit (Loss marked with "-" ) | 45 | -314,045,515.55 | -235,881,107.21 | |
Including: (1) Electricity sales revenue | 4 | 21,879,441.73 | 21,055,148.79 | Add: Non-operating income | 46 | 2,550.00 | ||
(2) Thermal sales revenue | 5 | Government Grants | 47 | |||||
(3) Others | 6 | 224,886.14 | Gains from debt restructuring | 48 | ||||
Other business income | 7 | 1,797,270.12 | 2,459,809.07 | Less: Non-operating expenses | 49 | 113,762.00 | 40,553.17 | |
△Interest income | 8 | Loss for debt restructuring | 50 | |||||
△Premium earned | 9 | IV. Total profit (Total loss marked with "-" ) | 51 | -314,156,727.55 | -235,921,660.38 | |||
△Handling fee and commission income | 10 | Less: Income tax expenses | 52 | |||||
II. Total Operating Cost | 11 | 370,659,823.89 | 309,347,998.59 | V. Net profit (Net loss marked with "-") | 53 | -314,156,727.55 | -235,921,660.38 | |
Including：Operating cost | 12 | 18,034,837.97 | 17,515,331.87 | (I) Items classified according to ownership: | 54 | -- | -- | |
Including：Cost of principal business | 13 | 18,034,837.97 | 17,515,331.87 | Net profit attributable to the owners of parent company | 55 | -314,156,727.55 | -235,921,660.38 | |
Including：(1) Electricity sales cost | 14 | 15,770,446.64 | 16,538,201.93 | Minority interests | 56 | |||
(2) Thermal sales cost | 15 | (II) Items classified by continuing operations: | 57 | -- | -- | |||
(3) Others | 16 | 2,264,391.33 | 977,129.94 | Net profit from continuing operation | 58 | -314,156,727.55 | -235,921,660.38 | |
Other business cost | 17 | Net profit from discontinued operation | 59 | |||||
△Interest expenses | 18 | VI. Net other comprehensive income after tax | 60 | |||||
△Handling fee and commission expenses | 19 | Net other comprehensive income after tax attributable to the owners of parent company | 61 | |||||
△Surrender value | 20 | (I) Other comprehensive income that cannot be reclassified to profit or loss in subsequent periods | 62 | |||||
△Net cash in compensation | 21 | 1.Changes arising from the re-measurement of defined benefit plans | 63 | |||||
△Net provisions for insurance contract | 22 | 2.Other comprehensive income under equity method that cannot be reclassified into profit or loss | 64 | |||||
△Policy payment expense | 23 | ☆3.Changes in fair value of investment in other equity instruments | 65 | |||||
△Reinsurance expenses | 24 | ☆4.Changes in fair value of the Company's own credit risk | 66 | |||||
Taxes and surcharges | 25 | 1,742,795.23 | 1,798,115.28 | 5.Others | 67 | |||
Sales expenses | 26 | (II) Other comprehensive income that will be reclassified to profit or loss | 68 | |||||
Administration expenses | 27 | 27,056,185.12 | 25,333,038.60 | 1.Other comprehensive income that can be reclassified into profit or loss under equity method | 69 | |||
Party Construction expenses | 28 | ☆2.Changes in fair value of other debt investments | 70 | |||||
Research and development expenses | 29 | 3.Gains and losses from changes in fair value of available-for-sale financial assets | 71 | |||||
Financial expenses | 30 | 323,826,005.57 | 264,701,512.84 | ☆4.Amount of financial assets reclassified into other comprehensive income | 72 | |||
Including：Interest expenses | 31 | 322,793,990.31 | 265,647,893.88 | 5.Gains and losses from held-to-maturity investment reclassified as available-for-sale financial assets | 73 | |||
Interest income | 32 | 3,353,377.08 | 7,727,315.89 | ☆6.Credit impairment provisions for other debt investment | 74 | |||
Net exchange gains | 33 | 7.Reserves for cash flows hedges (effective part of hedging gains and losses from cash flows) | 75 | |||||
Net exchange losses | 34 | 1,572,443.25 | 2,356,977.93 | 8.Exchange differences from retranslation of financial statements | 76 | |||
Asset impairment losses | 35 | 9.Others | 77 | |||||
☆Credit impairment loss | 36 | *Net other comprehensive income after tax attributable to minority shareholders | 78 | |||||
Others | 37 | VII. Total comprehensive income | 79 | -314,156,727.55 | -235,921,660.38 | |||
Add: Other income | 38 | 1,528,914.24 | 1,937,747.09 | Total comprehensive income attributable to the owners of parent company | 80 | -314,156,727.55 | -235,921,660.38 | |
Investment income (Loss marked with "-") | 39 | 31,408,682.25 | 47,789,300.29 | *Total comprehensive income attributable to minority shareholders | 81 | |||
Including：Income from investment in associates and joint ventures | 40 | VIII. Earnings per share: | 82 | -- | -- | |||
△Exchange gains (Losses marked with "-") | 41 | Basic earnings per share | 83 | |||||
☆Gains on net exposure hedges (Losses marked with "-") | 42 | Diluted earnings per share | 84 | |||||
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |
Cash Flows Statement
Prepared by: China Datang Corporation Renewable Power Co., Limited (Parent) | Period ended September 2019 | Unit of amount: RMB | ||||||||||
Items | Line | Amount of last period | Amount of this period | Items | Line | Amount of last period | Amount of this period | |||||
I. Cash flows generated from operating activities: | 1 | -- | -- | Net cash inflow on disposal of fixed assets, intangible assets and other long-term assets | 30 | |||||||
Cash from sales of goods and provision of labour services | 2 | 13,216,003.07 | 26,270,921.70 | Net cash inflow on disposal of subsidiaries and other operational | units | 31 | ||||||
△Net increase in customer deposits and interbank deposits | 3 | Cash generated from other investing activities | 32 | 2,407,631,097.33 | 230,639.94 | |||||||
△Net increase in borrowings | from central bank | 4 | Sub-total of cash inflows from investing activities | 33 | 2,434,631,864.59 | 129,092,240.59 | ||||||
△Net increase in borrowings | from other financial institutions | 5 | Cash paid for acquisition of fixed assets, intangible asstes and other long-term assets | 34 | 145,000.00 | 11,193,582.99 | ||||||
△Cash received from premium of orignial insurance contract | 6 | Cash paid for investments | 35 | 100,840,000.00 | 49,500,000.00 | |||||||
△Net cash inflow from reinsurance business | 7 | △Net increase of policy loans | 36 | |||||||||
△Net increase in deposit of the insured and investment | 8 | Net cash paid for acquisition of subsidiaries | and other operational units | 37 | ||||||||
△Net increase in disposal of financial assets at fair value through profit or loss | 9 | Cash paid for other investing activities | 38 | 3,014,150,806.37 | 582,149,504.00 | |||||||
△Cash recevied from interest, fee and commission | 10 | Sub-total of cash outflows from investing activities | 39 | 3,115,135,806.37 | 642,843,086.99 | |||||||
△Net increase of placements | from banks and other financial institutions | 11 | Net cash flow generated from investing activities | 40 | -680,503,941.78 | -513,750,846.40 | ||||||
△Net increase of repurchase | business | 12 | III. Cash flow generated from financing activities: | 41 | -- | -- | ||||||
Tax refunds received | 13 | 787,965.23 | 805,701.83 | Cash received from investors | 42 | |||||||
Cash from other operating activities | 14 | 1,986,656,227.22 | 487,725,621.51 | Including: Cash received from absorbing minority shareholders' investment by subsidiaries | 43 | |||||||
Sub-total of cash inflows from operating activities | 15 | 2,000,660,195.52 | 514,802,245.04 | Cash received from obtaining borrowings | 44 | 15,766,828,244.43 | 23,600,000,000.00 | |||||
Cash paid for purchase of goods and engagement of labour services | 16 | 3,030,618.96 | 5,773,897.20 | △Cash received from issuing bonds | 45 | |||||||
△Net cash increase of customer loans and advances | 17 | Cash received from other financing activities | 46 | 5,380,327,552.63 | 2,635,685,320.58 | |||||||
△Net increase of deposits in central banks and other banks | 18 | Sub-total of cash inflows from financing activities | 47 | 21,147,155,797.06 | 26,235,685,320.58 | |||||||
△Cash paid for the compensation under the original insurance contract | 19 | Cash paid for repayment of debt | 48 | 13,590,568,244.43 | 25,197,702,200.77 | |||||||
△Cash paid for interest, fee and comission | 20 | Cash paid for distribution of dividends, profit or payment of interests | 49 | 279,105,959.44 | 397,524,245.80 | |||||||
△Cash paid for policy bonus | 21 | Including: Dividend and profit of minority shareholders paid by subsidiaries | 50 | 51,561,460.10 | ||||||||
Cash paid to and for employees | 22 | 23,888,735.98 | 14,465,053.96 | Cash paid for other financing activities | 51 | 5,718,660,269.01 | 696,780,368.22 | |||||
Tax payments | 23 | 13,250,917.55 | 6,716,664.86 | Sub-total of cash outflows from financing activities | 52 | 19,588,334,472.88 | 26,292,006,814.79 | |||||
Cash used in other operating activities | 24 | 2,537,558,913.81 | 52,578,531.24 | Net cash flow generated from financing activities | 53 | 1,558,821,324.18 | -56,321,494.21 | |||||
Sub-total of cash outflows from operating activities | 25 | 2,577,729,186.30 | 79,534,147.26 | IV. Effect of fluctuations in exchange rate on cash and cash equivalents | 54 | -13,686.42 | ||||||
Net cash flow generated from operating activities | 26 | -577,068,990.78 | 435,268,097.78 | V. Net increase in cash and cash equivalents | 55 | 301,234,705.20 | -134,804,242.83 | |||||
II. Cash flows generated from investing activities: | 27 | -- | -- | Add: Balance of cash and cash equivalents | at the beginning of the period | 56 | 572,399,577.34 | 502,967,829.82 | ||||
Cash received from disposal of investment | 28 | 254,452.17 | 60,000,000.00 | VI. Balance of cash and cash equivalent at the end of the period | 57 | 873,634,282.54 | 368,163,586.99 | |||||
Cash from investment gains | 29 | 26,746,315.09 | 68,861,600.65 | |||||||||
Legal representative: | Principal in charge of accounting: | Head of the Accounting Department: |