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.
安徽 | 公司 |
Anhui | Limited |
(a joint stock limited company incorporated in the People's Republic of China)
(Stock code: 00914)
2019 THIRD QUARTERLY REPORT
In accordance with the applicable rules of the Shanghai Stock Exchange of the People's Republic of China (the "PRC"), the quarterly report (the "Quarterly Report") of Anhui Conch Cement Company Limited (the "Company") and its subsidiaries (together with the Company, the "Group") for the period between 1 July 2019 and 30 September 2019 (i.e. the third quarter) (the "Reporting Period") will be published in newspapers circulating in the PRC on 23 October 2019. The full text of the Quarterly Report is set out below pursuant to Rule 13.10(B) of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
- 1 IMPORTANT NOTICE
-
The board of directors (the "Board"), the supervisory committee, the directors (the
"Directors"), the supervisors and the senior management of the Company warrant that the information in this Quarterly Report, for which they jointly and severally accept legal liability, is truthful, accurate and complete, and does not contain any misrepresentation, misleading statements or material omission. - The financial report contained in this Quarterly Report has not been audited.
- Mr Gao Dengbang, the Company's Chairman, Mr Wu Bin, the officer-in-charge of the accounting functions, and Ms Liu Yan, the head of the accounting department, declare and warrant that the financial report contained in this Quarterly Report is true, accurate and complete.
- In this Quarterly Report, unless stated otherwise, the currency unit refers to Renminbi
("RMB"), the lawful currency of the PRC. Unless stated otherwise, all financial information was prepared under the generally accepted accounting principles of the PRC.
1
§2 MAJOR CORPORATE FINANCIAL INFORMATION AND CHANGES OF SHAREHOLDERS OF THE COMPANY
2.1 Major financial information
Unit: RMB | |||||||||||||||||
Changes as at | |||||||||||||||||
the end of the | |||||||||||||||||
As at the end of | Reporting | ||||||||||||||||
As at the end of | Period | ||||||||||||||||
the Reporting | |||||||||||||||||
2018 | compared with | ||||||||||||||||
Period | |||||||||||||||||
that as at the | |||||||||||||||||
end of 2018 | |||||||||||||||||
(%) | |||||||||||||||||
Total assets | 166,268,220,573 | 149,547,352,039 | 11.18 | ||||||||||||||
Net assets attributable to equity shareholders of the | 127,609,387,722 | 112,688,915,670 | 13.24 | ||||||||||||||
Company | |||||||||||||||||
From the | Changes as | ||||||||||||||||
From the | beginning of 2018 | compared with | |||||||||||||||
beginning of 2019 | to the end of the | that of the | |||||||||||||||
to the end of the | reporting period | corresponding | |||||||||||||||
Reporting Period | for the third | period of 2018 | |||||||||||||||
quarter of 2018 | (%) | ||||||||||||||||
Net cash flow generated from operating activities | 26,015,474,400 | 20,638,241,562 | 26.05 | ||||||||||||||
From the | Changes as | ||||||||||||||||
From the | beginning of 2018 | compared with | |||||||||||||||
beginning of 2019 | to the end of the | that of the | |||||||||||||||
to the end of the | reporting period | corresponding | |||||||||||||||
Reporting Period | for the third | period of 2018 | |||||||||||||||
quarter of 2018 | (%) | ||||||||||||||||
Revenue | 110,756,382,807 | 77,792,051,806 | 42.37 | ||||||||||||||
Net profit attributable to equity shareholders of the | 23,815,647,804 | 20,716,125,528 | 14.96 | ||||||||||||||
Company | |||||||||||||||||
Net profit attributable to equity shareholders of the | 23,192,754,593 | 20,281,434,051 | 14.35 | ||||||||||||||
Company after extraordinary items | |||||||||||||||||
Decreased by | |||||||||||||||||
Weighted average return on net assets (%) | 19.82 | 21.46 | 1.64 percentage | ||||||||||||||
points | |||||||||||||||||
Basic earnings per share (RMB/share) | 4.4941 | 3.9092 | 14.96 | ||||||||||||||
Diluted earnings per share (RMB/share) | 4.4941 | 3.9092 | 14.96 | ||||||||||||||
Amount for the period from the | |||||||||||||||||
Amount for the Reporting | beginning of 2019 to the end of | ||||||||||||||||
Period | the | ||||||||||||||||
(July to September) | Reporting Period | ||||||||||||||||
(January to September) | |||||||||||||||||
Gain/(Loss) from disposal of non-current assets | -4,845,789 | -44,591,958 | |||||||||||||||
Government | subsidy | (excluding | constant | ||||||||||||||
government subsidy closely associated with the | |||||||||||||||||
enterprise's | normal | business, granted | in | fixed | 152,870,812 | 363,171,918 | |||||||||||
amount or quantity in accordance with the State's | |||||||||||||||||
policy and based on certain standards) included in | |||||||||||||||||
the current income statement | |||||||||||||||||
Charges on | share | of | funds received | from | |||||||||||||
non-financial enterprises included in the current | 404,453 | 6,200,170 | |||||||||||||||
income statement | |||||||||||||||||
Gain/(Loss) | on entrusted | investment | or | asset | 166,776,477 | 415,174,951 | |||||||||||
management | |||||||||||||||||
2 |
Gain/(Loss) on changes in the fair value of | ||||
financial assets held for trading, derivative | ||||
financial assets, financial liabilities held for trading | ||||
and derivative financial liabilities, and investment | ||||
gain from disposal of financial assets held for | 1,565,092 | -9,670,645 | ||
trading, derivative financial assets, financial | ||||
liabilities held for trading and derivative financial | ||||
liabilities, and other debt investments excluding | ||||
effective hedging business associated with the | ||||
Company's normal business | ||||
Income from entrusted operations | 742,039 | 2,029,000 | ||
Other non-operating income and expenses other | 48,677,841 | 82,095,309 | ||
than the abovementioned items | ||||
Effect on minority interests (after tax) | -1,120,245 | -2,776,138 | ||
Effect on income tax | -78,395,450 | -188,739,396 | ||
Total | 286,675,230 | 622,893,211 | ||
2.2 Total number of shareholders of the Company (the "Shareholders") and the shareholdings of the top 10 Shareholders and the top 10 floating Shareholders (or Shareholders without restrictions on trading ) respectively as at the end of the Reporting Period
Total number of Shareholders | 85,445 | ||||||
Shareholding of the top 10 Shareholders | |||||||
Number of | Number of | Pledge or moratorium | |||||
Name of Shareholder | shares held at | Percentage | shares | Nature of | |||
the end of the | subject to | Share | Number | ||||
(Full name) | (%) | Shareholders | |||||
Reporting | trading | status | of shares | ||||
Period | restrictions | ||||||
Anhui Conch Holdings Co., | 1,928,870,014 | 36.40 | 0 | Nil | State-owned | ||
Ltd. | legal person | ||||||
HKSCC Nominees Limited | 1,298,376,612 | 24.50 | 0 | Unknown | Foreign legal | ||
person | |||||||
Hong Kong Securities Clearing | 500,800,779 | 9.45 | 0 | Unknown | Foreign legal | ||
Company Limited | person | ||||||
China Securities Finance | 158,706,413 | 2.99 | 0 | Unknown | State-owned | ||
Corporation Limited | legal person | ||||||
Anhui Conch Venture | Domestic | ||||||
92,347,596 | 1.74 | 0 | Nil | non-state-owned | |||
Investment Co., Ltd. | |||||||
legal person | |||||||
Central Huijin Asset | 70,249,600 | 1.33 | 0 | Unknown | State-owned | ||
Management Ltd. | legal person | ||||||
Hillhouse Capital Management | 37,322,610 | 0.70 | 0 | Unknown | Others | ||
Co., Ltd. - HCM China Fund | |||||||
Bank Negara Malaysia | 33,053,641 | 0.62 | 0 | Unknown | Others | ||
3 |
The National Social Security | 18,934,548 | 0.36 | 0 | Unknown | Others | ||||||
Fund 106 Composition | |||||||||||
China Universal Asset | |||||||||||
Management Co., Ltd. - Social | 17,999,923 | 0.34 | 0 | Unknown | Others | ||||||
Security Fund 1103 | |||||||||||
Composition | |||||||||||
Shareholding of the top 10 Shareholders without restrictions on trading | |||||||||||
Name of Shareholder | Total number of shares | Class and number of shares | |||||||||
not subject to trading | |||||||||||
(Full name) | Class | Number | |||||||||
restrictions | |||||||||||
Anhui Conch Holdings Co., Ltd. | 1,928,870,014 | RMB-denominated | 1,928,870,014 | ||||||||
ordinary shares | |||||||||||
HKSCC Nominees Limited | 1,298,376,612 | Overseas listed | 1,298,376,612 | ||||||||
foreign shares | |||||||||||
Hong Kong Securities Clearing | 500,800,779 | RMB-denominated | 500,800,779 | ||||||||
Company Limited | ordinary shares | ||||||||||
China Securities Finance Corporation | 158,706,413 | RMB-denominated | 158,706,413 | ||||||||
Limited | ordinary shares | ||||||||||
Anhui Conch Venture Investment Co., | 92,347,596 | RMB-denominated | 92,347,596 | ||||||||
Ltd. | ordinary shares | ||||||||||
Central Huijin Asset Management Ltd. | 70,249,600 | RMB-denominated | 70,249,600 | ||||||||
ordinary shares | |||||||||||
Hillhouse Capital Management Co., | 37,322,610 | RMB-denominated | 37,322,610 | ||||||||
Ltd. - HCM China Fund | ordinary shares | ||||||||||
Bank Negara Malaysia | 33,053,641 | RMB-denominated | 33,053,641 | ||||||||
ordinary shares | |||||||||||
The National Social Security Fund 106 | 18,934,548 | RMB-denominated | 18,934,548 | ||||||||
Composition | ordinary shares | ||||||||||
China Universal Asset Management | RMB-denominated | ||||||||||
Co., Ltd. - Social Security Fund 1103 | 17,999,923 | 17,999,923 | |||||||||
ordinary shares | |||||||||||
Composition | |||||||||||
Explanation of the connected | |||||||||||
relationship or acting in concert | As far as the Board is aware, there was no connected relationship or acting in | ||||||||||
relationship among the | concert relationship among the abovementioned Shareholders.. | ||||||||||
abovementioned Shareholders | |||||||||||
Explanations on preference | |||||||||||
shareholders with voting rights | Not Applicable | ||||||||||
restored and the number of shares held | |||||||||||
§3 MAJOR EVENTS
3.1 Significant changes and reasons for such changes in major items of the accounting statements and financial guidance of the Company
During the Reporting Period, according to the Ministry of Finance's "Accounting Standards for Business Enterprises No.21 - Leases" (the "New Standards on Leases") which was revised in 2018, "Accounting Standards for Business Enterprises No.7 - Exchange of
4
Non-Monetary Assets", and "Accounting Standards for Business Enterprises No.12 - Debt Restructurings", both revised in 2019, the Company is required to adopt the aforementioned accounting standards for enterprises in its preparation of financial reports for the year 2019 and subsequent periods. In addition, the Ministry of Finance released the Notice on Revising and Issuing the Format of Financial Statements of General Enterprises for 2019 (Cai Kuai (2019) No.16) on 19 September 2019, which required enterprises that had adopted the new financial standards, the new revenue standards and the New Standards on Leases to prepare the financial statements in accordance with the new format.
The explanations and major reasons for the increases or decreases of over 30% for major accounting items and financial indicators in the consolidated financial statements during the Reporting Period as compared with those at the end of last year or the same period of last year are as follows:
- As at the end of the Reporting Period, the closing balance of the Group's financial assets held for trading decreased by 38% from that at the beginning of the year, mainly due to changes in the fair value of swaps held during the Reporting Period.
- As at the end of the Reporting Period, the closing balance of prepayments of the Group increased by 37% from that at the beginning of the year, and the closing balance of contract liabilities increased by 48% when compared with that at the beginning of the year, mainly due to the increase in product sales and trading business during the Reporting Period.
- As at the end of the Reporting Period, the closing balance of other receivables of the Group increased by 62% from that at the beginning of the year, which was mainly due to the increase in the amount of wealth management products subscribed for by the Group which have not yet matured.
- As at the end of the Reporting Period, the closing balance of the Group's assets held-for-sale decreased by 84% from that at the beginning of the year, mainly due to the completion of disposal of assets held-for-sale by certain subsidiaries during the Reporting Period.
- As at the end of the Reporting period, the net amount of investment properties of the Group increased by 34% from that at the beginning of the year, mainly due to the leasing of idle buildings of some subsidiaries during the Reporting Period.
- As at the end of the Reporting Period, the closing balance of construction in progress of the Group increased by 63% from that at the beginning of the year, mainly due to the increase in investment in technology modification and improvement projects in respect of energy conservation and environmental protection during the Reporting Period.
- As at the end of the Reporting Period, the closing balance of the Group's right-of-use assets increased by RMB 47.4553 million from that at the beginning of the year, while the closing balance of lease liabilities increased by RMB18.4769 million from that at the beginning of the year, mainly due to the implementation of "Accounting Standards for Business Enterprises No.21 - Leases" which cancelled the classification of lessee's operating leases and financing leases, and required the recognition of the right-of-use assets and lease liabilities for all leases (except for short-term leases and low-value asset leases).
- As at the end of the Reporting Period, the closing balance of the Group's other non-current financial assets increased by RMB71.776 million from that at the beginning of
5
the year, mainly due to the addition of one invested company of the Group during the Reporting Period.
- As at the end of the Reporting Period, the closing balance of the Group's short-term borrowings increased by 98% from that at the beginning of the year, and long-term borrowings increased by 50% from that at the beginning of the year, mainly due to the increase in borrowings of some overseas subsidiaries of the Group.
- As at the end of the Reporting Period, the closing balance of the Group's non-current liabilities due within one year decreased by 75% from that at the beginning of the year, mainly due to the repayment of bank loans due during the Reporting Period.
- As at the end of the Reporting Period, the closing balance of the Group's tax payable decreased by 38% from that at the beginning of the year, mainly due to the increase in tax payments during the Reporting Period.
- As at the end of the Reporting period, the closing balance of the Group's interest payable increased by 317% from that at the beginning of the year, mainly because the payment of the accrued interest on corporate bonds was not yet due during the Reporting Period.
13. During the Reporting Period, the Group's operating costs increased by 32% from that of the corresponding period last year, mainly due to the increase in product sales and trading business during the Reporting Period.
14. During the Reporting Period, the Group's financial expenses decreased by 148% from that of the corresponding period last year, which was mainly due to the year-on-year increase in interest income of the Group's deposits during the Reporting Period.
15. During the Reporting Period, the Group's investment income increased by 186% from that of the corresponding period last year, mainly due to the increase in income from the Group's wealth management products and the increase in investment income from associates and joint ventures recognized by the Group by equity method.
16. During the Reporting Period, the Group's assets disposal income increased by 1,073% from that of the corresponding period last year, mainly because of the completion of land assets disposal of some subsidiaries due to government demolition during the Reporting Period.
- During the Reporting Period, the Group's non-operating expenses increased by 351% from that of the corresponding period last year, which was mainly due to the increase in scrapped assets of subsidiaries during the Reporting Period.
- From the beginning of the year to the end of the Reporting Period, the net cash outflow from the Group's investing activities increased by 288% from that of the corresponding period last year, mainly due to the year-on-year increase in the Group's purchase of time deposits with maturities of over 3 months and wealth management products during the Reporting Period.
3.2 Progress of significant events and analysis of their effects and solutions
□Applicable | √Not applicable |
6
3.3 Failure to fulfil undertakings within a specified period during the Reporting Period
□Applicable | √Not applicable |
3.4 Warning of and explanation for the accumulated net profit from the beginning of the year to the end of the next reporting period forecast to be a probable loss or to have significant changes from that of the corresponding period of the previous year
□Applicable | √Not applicable |
7
§ 4 Appendix
4.1 Financial Statements
Consolidated Balance Sheet
30 September 2019
Prepared by: Anhui Conch Cement Company Limited | Unit: RMB | Type of audit: Unaudited | |||
Item | 30 September 2019 | 31 December 2018 | |||
Current Assets: | |||||
Monetary capital | 44,549,439,662 | 37,619,107,062 | |||
Balance with clearing companies | |||||
Placements | with other | financial | |||
institutions | |||||
Held-for-trading financial assets | 15,469,549 | 25,140,194 | |||
Financial assets at fair value | |||||
through profit/(losses) | |||||
Derivative financial assets | |||||
Bills receivable | 11,629,515,431 | 13,134,237,037 | |||
Accounts receivable | 996,037,212 | 1,232,637,935 | |||
Receivables financing | |||||
Prepayments | 2,881,463,768 | 2,108,931,491 | |||
Premiums receivable | |||||
Reinsurance accounts receivable | |||||
Deposits | receivable | from | |||
reinsurance contract | |||||
Other receivables | 18,482,922,424 | 11,427,975,928 | |||
Including: Interests receivable | 633,027,658 | 294,016,648 | |||
Dividend receivable | |||||
Purchases | of resold | financial | |||
assets | |||||
Inventories | 6,391,074,956 | 6,022,717,523 | |||
Contract Assets | |||||
Held-for-sale assets | 9,810,993 | 62,640,063 | |||
Non-current assets due within one | |||||
year | |||||
Other current assets | 446,030,471 | 419,572,589 | |||
Total current assets | 85,401,764,466 | 72,052,959,822 | |||
Non-current assets: | |||||
Loans and advances granted | |||||
Debt investments | |||||
Available-for-sale financial assets | |||||
Other debt investments | |||||
Held-to-maturity investments | |||||
Long-term receivables | |||||
Long-term equity investment | 3,591,893,294 | 3,181,990,116 | |||
Other equity instrument | 269,942,302 | 258,679,568 | |||
investment | |||||
Other non-current financial assets | 71,776,000 | ||||
Investment properties | 87,001,985 | 64,949,854 | |||
Fixed assets | 59,194,196,159 | 60,320,463,517 | |||
Construction in progress | 5,650,592,635 | 3,458,400,315 | |||
Biological assets for production | |||||
8 |
Oil and gas assets | ||
Right-of-use assets | 47,455,343 | 0 |
Intangible assets | 10,046,501,756 | 8,371,835,258 |
Development expenses | ||
Goodwill | 514,398,098 | 514,398,098 |
Long-term deferred expenditures | ||
Deferred income tax assets | 977,564,178 | 953,856,240 |
Other non-current assets | 415,134,357 | 369,819,251 |
Total non-current assets | 80,866,456,107 | 77,494,392,217 |
Total assets | 166,268,220,573 | 149,547,352,039 |
Current liabilities: | ||
Short-term borrowings | 2,721,876,519 | 1,376,933,268 |
Borrowings from central bank | ||
Capital borrowed | ||
Held-for-trading financial | ||
liabilities | ||
Financial liabilities at fair value | ||
through profit/(losses) | ||
Derivative financial liabilities | ||
Bills payable | ||
Accounts payable | 6,846,404,778 | 6,395,728,639 |
Receipts in advance | ||
Funds from disposal of | ||
repurchased financial assets | ||
Deposit received and inter-bank | ||
deposit | ||
Customer deposit for trading in | ||
securities | ||
Customer deposits for securities | ||
underwriting | ||
Wages payable | 1,081,269,490 | 1,246,100,404 |
Tax payable | 4,511,376,828 | 7,247,657,201 |
Other payables | 4,905,417,693 | 3,821,201,414 |
Including: Interests payable | 186,425,747 | 44,660,322 |
Dividend payable | ||
Handling charges and | ||
commissions payable | ||
Reinsurance account payable | ||
Contract liabilities | 4,911,188,633 | 3,313,102,709 |
Held-for-sale liabilities | ||
Non-current liabilities due within | 696,680,650 | 2,751,237,021 |
one year | ||
Other current liabilities | ||
Total current liabilities | 25,674,214,591 | 26,151,960,656 |
Non-current liabilities: | ||
Provision for insurance contract | ||
Long-term borrowings | 3,910,151,217 | 2,606,582,305 |
Bonds payable | 3,498,976,021 | 3,498,750,180 |
Including: Preference shares | ||
Perpetual bonds | ||
Lease liability | 18,476,937 | |
Long-term payables | ||
Long-term wages payable | ||
Accrued liabilities | ||
9 |
Deferred income | 430,558,981 | 405,888,810 | |||
Deferred income tax liabilities | 595,292,115 | 466,296,761 | |||
Other non-current liabilities | |||||
Total non-current liabilities | 8,453,455,271 | 6,977,518,056 | |||
Total liabilities | 34,127,669,862 | 33,129,478,712 | |||
Owners' equity (or shareholders' | |||||
equity) | |||||
Paid in capital (or share capital) | 5,299,302,579 | 5,299,302,579 | |||
Other equity instruments | |||||
Including: Preference shares | |||||
Perpetual bonds | |||||
Capital reserve | 10,596,560,555 | 10,584,747,968 | |||
Less: Treasury shares | |||||
Other comprehensive income | 159,082,710 | 110,249,690 | |||
Special reserve | |||||
Surplus reserve | 2,649,651,290 | 2,649,651,290 | |||
General risk provisions | |||||
Undistributed profits | 108,904,790,588 | 94,044,964,143 | |||
Total | equity | attributable | to | 127,609,387,722 | 112,688,915,670 |
shareholders of the Company | |||||
Minority interests | 4,531,162,989 | 3,728,957,657 | |||
Total | owners' | (or | shareholders') | 132,140,550,711 | 116,417,873,327 |
equity | |||||
Total liabilities | and owners' | 166,268,220,573 | 149,547,352,039 | ||
(or shareholders') equity | |||||
Legal representative: Gao Dengbang | |||||
Officer-in-charge of the accounting functions: Wu Bin | |||||
Officer-in-charge of the accounting department: Liu Yan |
Balance Sheet of the Company
30 September 2019
Prepared by: Anhui Conch Cement Company Limited | Unit: RMB | Type of audit: Unaudited | |
Item | 30 September 2019 | 31 December 2018 | |
Current Assets: | |||
Monetary capital | 38,918,998,753 | 33,328,259,360 | |
Held-for-trading financial assets | |||
Financial assets at fair value | |||
through profit/(losses) | |||
Derivative financial assets | |||
Bills receivable | 143,321,512 | 235,308,404 | |
Accounts receivable | 64,534,392 | 59,580,001 | |
Receivables financing | |||
Prepayments | 80,594,681 | 116,464,797 | |
Other receivables | 30,370,360,288 | 33,830,400,699 | |
Including: Interests receivable | 625,146,690 | 308,900,510 | |
Dividends receivable | |||
Inventories | 247,364,080 | 211,664,207 | |
Contract assets | |||
Held-for-sale assets | |||
Non-current assets due within | |||
one year | |||
Other current assets | 4,952,238 | 633,186 | |
10 |
Total current assets | 69,830,125,944 | 67,782,310,654 | ||
Non-current assets: | ||||
Debt investments | ||||
Available-for-sale financial | ||||
assets | ||||
Other debt investments | ||||
Held-to-maturity investments | ||||
Long-term receivables | 6,160,166,396 | 5,118,293,360 | ||
Long-term equity investment | 43,241,690,037 | 42,245,139,662 | ||
Other equity instruments | 269,942,302 | 258,679,568 | ||
investment | ||||
Other | non-current | financial | 71,776,000 | |
assets | ||||
Investment properties | 58,929,963 | 21,024,878 | ||
Fixed assets | 913,361,453 | 999,701,731 | ||
Construction in progress | 316,751,156 | 167,131,611 | ||
Biological assets for production | ||||
Oil and gas assets | ||||
Right-of-use assets | ||||
Intangible assets | 217,393,040 | 229,959,892 | ||
Development expenses | ||||
Goodwill | ||||
Long-term deferred expenditures | ||||
Deferred income tax assets | ||||
Other non-current assets | ||||
Total non-current assets | 51,250,010,347 | 49,039,930,702 | ||
Total assets | 121,080,136,291 | 116,822,241,356 | ||
Current liabilities: | ||||
Short-term borrowings | ||||
Held-for-trading financial | ||||
liabilities | ||||
Financial liabilities at fair value | ||||
through profit/(losses) | ||||
Derivative financial liabilities | ||||
Bills payable | ||||
Accounts payable | 171,824,503 | 139,577,891 | ||
Receipts in advance | ||||
Contract liabilities | 80,713,324 | 37,760,324 | ||
Wages payable | 91,856,508 | 126,540,990 | ||
Tax payable | 121,290,492 | 324,906,061 | ||
Other payables | 12,939,086,253 | 9,874,754,195 | ||
Including: Interests payable | 160,473,519 | 26,607,128 | ||
Dividends payable | ||||
Liabilities classified as | ||||
held-for-sale | ||||
Non-current liabilities due | 97,500,000 | |||
within one year | ||||
Other current liabilities | ||||
Total current liabilities | 13,404,771,080 | 10,601,039,461 | ||
Non-current liabilities: | ||||
Long-term borrowings | 100,000,000 | |||
Bonds payable | 3,498,976,021 | 3,498,750,180 | ||
Including: Preference shares | ||||
Perpetual bonds | ||||
11 |
Lease liability | |||
Long-term payables | |||
Long-term wages payable | |||
Accrued liabilities | |||
Deferred income | 7,243,454 | 6,400,272 | |
Deferred income tax liabilities | 65,190,354 | 59,534,798 | |
Other non-current liabilities | |||
Total non-current liabilities | 3,671,409,829 | 3,564,685,250 | |
Total liabilities | 17,076,180,909 | 14,165,724,711 | |
Owners' equity (or shareholders' | |||
equity) | |||
Paid in capital (or share capital) | 5,299,302,579 | 5,299,302,579 | |
Other equity instruments | |||
Including: Preference shares | |||
Perpetual bonds | |||
Capital reserve | 16,805,481,971 | 16,803,659,305 | |
Less: Treasury shares | |||
Other comprehensive income | 179,127,851 | 167,530,441 | |
Special reserve | |||
Surplus reserve | 2,649,651,290 | 2,649,651,290 | |
Undistributed profits | 79,070,391,691 | 77,736,373,030 | |
Total owners' (or shareholders') | 104,003,955,382 | 102,656,516,645 | |
equity | |||
Total liabilities and owners' | 121,080,136,291 | 116,822,241,356 | |
(or shareholders') equity | |||
Legal representative: Gao Dengbang | |||
Officer-in-charge of the accounting functions: Wu Bin | |||
Officer-in-charge of the accounting department: Liu Yan |
Consolidated Income Statement
January - September 2019
Prepared by: Anhui Conch Cement Company Limited | Unit: RMB | Type of audit: Unaudited | |||||||
The first three | The first three | ||||||||
2019 Third | 2018 Third | quarters of 2019 | quarters of | ||||||
Item | Quarter | Quarter | (January to | 2018 | |||||
(July-September) | (July-September) | September) | (January to | ||||||
September) | |||||||||
I. Total operating income | 39,112,557,005 | 32,049,804,652 | 110,756,382,807 | 77,792,051,806 | |||||
Including: Operating | 39,112,557,005 | 32,049,804,652 | 110,756,382,807 | 77,792,051,806 | |||||
income | |||||||||
Interest income | |||||||||
Premium received | |||||||||
Handling | fee | and | |||||||
commission income | |||||||||
II. Total operation costs | 28,793,624,210 | 22,400,555,057 | 81,403,431,537 | 51,823,670,779 | |||||
Including: Operation cost | 26,451,257,561 | 20,084,350,548 | 74,849,767,356 | 45,596,066,139 | |||||
Interest expenses | |||||||||
Handling | fee | and | |||||||
commission expenses | |||||||||
Payment | on | ||||||||
12 |
surrenders | |||||||||
Net | compensation | ||||||||
expenses | |||||||||
Net provision drawn | |||||||||
for insurance liability | |||||||||
Policy | dividend | ||||||||
expenses | |||||||||
Reinsurance | |||||||||
expenses | |||||||||
Taxes | and | 324,404,881 | 337,215,346 | 993,956,524 | 1,025,818,333 | ||||
surcharges | |||||||||
Selling expenses | 1,154,032,774 | 990,049,685 | 3,137,157,395 | 2,659,319,836 | |||||
Administrative | 1,174,806,494 | 1,104,032,870 | 3,339,818,897 | 2,694,763,541 | |||||
expenses | |||||||||
R&D expenses | 16,824,699 | 17,130,720 | 40,156,330 | 45,474,335 | |||||
Financial expenses | -327,702,199 | -132,224,112 | -957,424,965 | -197,771,405 | |||||
Including: Interests | 128,466,612 | 111,470,390 | 363,275,437 | 363,953,454 | |||||
expenses | |||||||||
Interests | -382,560,924 | -277,749,728 | -1,168,843,163 | -767,866,389 | |||||
income | |||||||||
Add: Other gains | 255,356,237 | 220,124,364 | 685,085,475 | 612,544,668 | |||||
Income | from | ||||||||
investment | ("-" | refers | to | 385,468,000 | 134,958,487 | 1,068,291,965 | 404,859,019 | ||
loss) | |||||||||
Including: | |||||||||
Investment | income | from | 194,839,592 | 97,412,533 | 629,265,083 | 307,631,358 | |||
associates and joint venture | |||||||||
companies | |||||||||
De-recognition gains | |||||||||
on | financial | assets | |||||||
measured at amortised cost | |||||||||
Exchange gains ("-" | |||||||||
refers to loss) | |||||||||
Net | open | hedge | |||||||
income ("-" refers to loss) | |||||||||
Gains from changes | |||||||||
of fair value ("-" refers | to | 1,565,092 | -2,077,496 | -9,670,645 | 27,907,384 | ||||
loss) | |||||||||
Credit | impairment | 748,741 | -2,459,770 | ||||||
loss ("-" refers to loss) | |||||||||
Asset | impairment | ||||||||
loss ("-" refers to loss) | |||||||||
Gains on disposal of | 14,467,500 | 1,233,824 | 18,358,390 | 1,233,824 | |||||
assets("-" refers to loss) | |||||||||
III. Operating profits ("-" | 10,976,538,365 | 10,003,488,774 | 31,112,556,685 | 27,014,925,922 | |||||
refers to loss) | |||||||||
Add: Non-operating | 230,090,432 | 292,735,877 | 481,265,193 | 526,920,225 | |||||
profits | |||||||||
Less: Non-operating | 51,745,487 | 11,469,488 | 102,937,926 | 71,433,788 | |||||
expenses | |||||||||
IV. Total profits | ("-" | refers | 11,154,883,310 | 10,284,755,163 | 31,490,883,952 | 27,470,412,359 | |||
to loss) | |||||||||
Less: | Income | tax | 2,380,757,665 | 2,291,410,701 | 7,098,279,360 | 6,167,185,834 | |||
expenses | |||||||||
V. Net profits ("-" refers to | 8,774,125,645 | 7,993,344,462 | 24,392,604,592 | 21,303,226,525 | |||||
loss) | |||||||||
(I) Classified according to | |||||||||
13 |
the | continuity | of | the | ||||||||
business | |||||||||||
1.Net | profits | of | |||||||||
continuing | operations | ("-" | 8,774,125,645 | 7,993,344,462 | 24,392,604,592 | 21,303,226,525 | |||||
refers to loss) | |||||||||||
2.Net | profits | of | |||||||||
discontinued operations ("-" | |||||||||||
refers to loss) | |||||||||||
(II) | Classified | according | |||||||||
to the equity holdings | |||||||||||
1. | Net | profits | |||||||||
attributable to owners of the | 8,555,945,431 | 7,774,036,180 | 23,815,647,804 | 20,716,125,528 | |||||||
Company ("-" refers to loss) | |||||||||||
2. | Net | profits | |||||||||
attributable | to | minority | 218,180,214 | 219,308,282 | 576,956,788 | 587,100,997 | |||||
interests ("-" refers to loss) | |||||||||||
VI. Net amount of other | |||||||||||
comprehensive income after | 19,478,084 | -58,876,498 | 42,094,213 | -131,168,102 | |||||||
tax | |||||||||||
Net | amount | of | other | ||||||||
comprehensive income after | |||||||||||
tax attributable to owners of | 27,272,470 | -51,583,880 | 48,833,020 | -125,925,256 | |||||||
the parent company | |||||||||||
(I) | Other | ||||||||||
comprehensive income | not | -1,089,942 | -29,973,405 | 8,447,051 | -75,205,998 | ||||||
to be reclassified into profit | |||||||||||
or loss subsequently | |||||||||||
1. | Changes | of | net | ||||||||
liabilities | or | net | assets | ||||||||
arising | from | the | |||||||||
re-measurement of defined | |||||||||||
benefit plans | |||||||||||
2. | Share | of | other | ||||||||
comprehensive | income | of | |||||||||
the investees which cannot | |||||||||||
be reclassified into profit or | |||||||||||
loss under equity method | |||||||||||
3. | Changes | in | fair | ||||||||
value | of | other | equity | -1,089,942 | -29,973,405 | 8,447,051 | -75,205,998 | ||||
investments instruments | |||||||||||
4. | Changes | in | the | ||||||||
fair value of the company's | |||||||||||
own credit risk | |||||||||||
(II) | Other | ||||||||||
comprehensive | income | to | 28,362,412 | -21,610,475 | 40,385,969 | -50,719,258 | |||||
be reclassified into profit or | |||||||||||
loss subsequently | |||||||||||
1. | Share | of | other | ||||||||
comprehensive | income | ||||||||||
which | can | be | reclassified | -5,415,906 | 3,150,360 | -10,682,658 | |||||
into profit or loss under | |||||||||||
equity method subsequently | |||||||||||
2. | Changes | in | fair | ||||||||
value | of | other | debt | ||||||||
investments |
3. Profit or loss from the change of fair value of available-for-sale financial
14
assets | ||||||||||
4. | The | amount | of | |||||||
financial assets | reclassified | |||||||||
into | other | comprehensive | ||||||||
income | ||||||||||
5. Held-to-maturity | ||||||||||
investments are reclassified | ||||||||||
as gains and losses on | ||||||||||
available-for-sale financial | ||||||||||
assets | ||||||||||
6. | Other | debt | ||||||||
investment | credit | |||||||||
impairment provisions | ||||||||||
7. Cash flow hedge | ||||||||||
reserve (Effective portion of | ||||||||||
profit or loss from cash | ||||||||||
flows hedges) | ||||||||||
8. Foreign | currency | |||||||||
financial | statement | 28,362,412 | -16,194,569 | 37,235,609 | -40,036,600 | |||||
translation difference | ||||||||||
9. Other | ||||||||||
Net amount | of other | |||||||||
comprehensive income after | -7,794,386 | -7,292,618 | -6,738,807 | -5,242,846 | ||||||
tax attributable | to | minority | ||||||||
shareholders | ||||||||||
VII. | Total | comprehensive | 8,793,603,729 | 7,934,467,964 | 24,434,698,805 | 21,172,058,423 | ||||
income | ||||||||||
Total | comprehensive | |||||||||
income | attributable | to | 8,583,217,901 | 7,722,452,300 | 23,864,480,824 | 20,590,200,272 | ||||
owners of the Company | ||||||||||
Total | comprehensive | |||||||||
income | attributable | to | 210,385,828 | 212,015,664 | 570,217,981 | 581,858,151 | ||||
minority shareholders | ||||||||||
VIII. Earnings per share: | ||||||||||
(1) | Basic | earnings | per | 1.61 | 1.47 | 4.49 | 3.91 | |||
share (RMB/Share) | ||||||||||
(2) | Diluted | earnings | per | 1.61 | 1.47 | 4.49 | 3.91 | |||
share (RMB/Share) | ||||||||||
The net profit of the acquiree before the acquisition is RMB0 under the business combination under common control during the Reporting Period. The net profit of the acquiree for the previous period is RMB0.
Legal representative: Gao Dengbang
Officer-in-charge of the accounting functions: Wu Bin
Officer-in-charge of the accounting department: Liu Yan
15
Income Statement of the Company
January - September 2019
Prepared by: Anhui Conch Cement Company Limited | Unit: RMB | Type of audit: Unaudited | |||||||
The first three | The first three | ||||||||
Item | 2019 Third | 2018 Third | quarters of 2019 | quarters of | |||||
Quarter | Quarter | (January to | 2018 | ||||||
(July-September) | (July-September) | September) | (January to | ||||||
September) | |||||||||
I. Operating income | 1,008,320,080 | 797,398,213 | 2,688,030,695 | 2,121,461,650 | |||||
Less: Operating cost | 552,438,055 | 407,588,735 | 1,457,716,802 | 1,101,711,296 | |||||
Taxes | and | 13,269,460 | 12,256,667 | 38,588,851 | 39,296,696 | ||||
surcharges | |||||||||
Selling expenses | 25,902,815 | 29,755,012 | 73,510,528 | 71,716,042 | |||||
Administrative | 89,360,383 | 99,121,750 | 256,576,184 | 204,352,762 | |||||
expenses | |||||||||
R&D expenses | 135,730 | 3,505,993 | |||||||
Financial expenses | -517,373,833 | -314,161,562 | -1,431,618,232 | -759,345,009 | |||||
Including: Interests | 45,792,781 | 34,794,965 | 137,354,273 | 177,894,546 | |||||
expenses | |||||||||
Interests | -542,382,167 | -319,158,770 | -1,555,635,617 | -912,613,524 | |||||
income | |||||||||
Add: Other gains | 1,079,025 | 941,772 | 2,886,242 | 1,993,357 | |||||
Income | from | ||||||||
investment ("-" refers to | 3,635,876,495 | 3,281,621,094 | 8,619,230,834 | 13,285,745,504 | |||||
loss) | |||||||||
Including: | |||||||||
Investment | income | from | 108,328,431 | 33,570,846 | 365,645,738 | 126,715,610 | |||
associates | and | joint | |||||||
venture companies | |||||||||
De-recognition | |||||||||
gains on | financial | assets | |||||||
measured at amortised cost | |||||||||
Net | open | hedge | |||||||
income ("-" refers to loss) | |||||||||
Gains | from | ||||||||
changes of fair value ("-" | |||||||||
refers to loss) | |||||||||
Credit | impairment | ||||||||
loss ("-" refers to loss) | |||||||||
Asset | impairment | ||||||||
loss ("-" refers to loss) | |||||||||
Gains | on disposal | ||||||||
of assets("-" refers to loss) | |||||||||
II. Operating | profits ("-" | 4,481,678,720 | 3,845,264,747 | 10,915,373,638 | 14,747,962,731 | ||||
refers to loss) | |||||||||
Add: | Non-operating | 44,909,719 | 102,012,545 | 53,474,576 | 149,061,020 | ||||
profits | |||||||||
Less: | Non-operating | 2,178,475 | 1,944,915 | 2,197,162 | 41,437,715 | ||||
expenses | |||||||||
III. Total profits ("-" refers | 4,524,409,964 | 3,945,332,377 | 10,966,651,052 | 14,855,586,036 | |||||
to total loss) | |||||||||
Less: | Income | tax | 268,822,298 | 176,404,997 | 676,811,032 | 408,080,616 | |||
expense | |||||||||
IV. Net profits ("-" | refers | 4,255,587,666 | 3,768,927,380 | 10,289,840,020 | 14,447,505,420 | ||||
16 |
to net loss) | |||||||||||
1.Net | profits | of | |||||||||
continuing operations ("-" | 4,255,587,666 | 3,768,927,380 | 10,289,840,020 | 14,447,505,420 | |||||||
refers to loss) | |||||||||||
2.Net | profits | of | |||||||||
discontinued | operations | ||||||||||
("-" refers to loss) | |||||||||||
V. Net amount of other | |||||||||||
comprehensive | income | -1,089,942 | -35,389,311 | 11,597,411 | -85,888,656 | ||||||
after tax | |||||||||||
(I) Other comprehensive | |||||||||||
income | not | to | be | -1,089,942 | -29,973,405 | 8,447,051 | -75,205,998 | ||||
reclassified | into | profit | or | ||||||||
loss subsequently | |||||||||||
1. | Changes | of | net | ||||||||
liabilities | or | net | assets | ||||||||
from the re-measurement | |||||||||||
of defined benefit plans | |||||||||||
2. | Share | of | other | ||||||||
comprehensive | income | of | |||||||||
the investees which cannot | |||||||||||
be reclassified into profit or | |||||||||||
loss under equity method | |||||||||||
3. | Changes | in | fair | ||||||||
value | of | other | equity | -1,089,942 | -29,973,405 | 8,447,051 | -75,205,998 | ||||
instruments investments | |||||||||||
4. Changes in the fair | |||||||||||
value | of | the | company's | ||||||||
own credit risk | |||||||||||
(II) | Other | ||||||||||
comprehensive | income | to | -5,415,906 | 3,150,360 | -10,682,658 | ||||||
be | reclassified | into profit | |||||||||
or loss subsequently | |||||||||||
1. | Share | of | other | ||||||||
comprehensive | income | of | |||||||||
the | investees | company | |||||||||
which | can | be | reclassified | -5,415,906 | 3,150,360 | -10,682,658 | |||||
into profit or loss under | |||||||||||
equity | method | ||||||||||
subsequently | |||||||||||
2. | Changes | in | fair | ||||||||
value | of | other | debt | ||||||||
investments | |||||||||||
3. Profit or loss from | |||||||||||
the change of fair value of | |||||||||||
available-for-sale financial | |||||||||||
assets | |||||||||||
4. | The | amount | of | ||||||||
financial assets reclassified | |||||||||||
into other | comprehensive | ||||||||||
income | |||||||||||
5. Profit or loss from | |||||||||||
held-to-maturity | |||||||||||
investment | reclassified | as | |||||||||
available-for-sale financial | |||||||||||
assets | |||||||||||
6. | Other | debt | |||||||||
investment | credit | ||||||||||
impairment provisions | |||||||||||
17 |
7. | Cash flow | hedge | ||||
reserve | (Effective | portion | ||||
of profit or loss from cash | ||||||
flows hedges) | ||||||
8. | Foreign | currency | ||||
financial | statement | |||||
translation difference | ||||||
9. Other | ||||||
VI. Total comprehensive | 4,254,497,725 | 3,733,538,069 | 10,301,437,431 | 14,361,616,764 | ||
income | ||||||
VII. Earnings per share: | ||||||
(1) Basic earnings per | ||||||
share (RMB/Share) | ||||||
(2) | Diluted | earnings | ||||
per share (RMB/Share) |
Legal representative: Gao Dengbang
Officer-in-charge of the accounting functions: Wu Bin
Officer-in-charge of the accounting department: Liu Yan
Consolidated Cash Flow Statement
January - September 2019
Prepared by: Anhui Conch Cement Company Limited | Unit: RMB | Type of audit: Unaudited | |||||||
Item | The first three quarters | The first three | |||||||
of 2019 | quarters of 2018 | ||||||||
(January - September) | (January - September) | ||||||||
I. Cash flow from operating activities: | |||||||||
Cash | received | from | selling goods and | 140,933,287,616 | 99,473,954,265 | ||||
providing services | |||||||||
Net increase in customer bank deposits and | |||||||||
due to banks and other financial institutions | |||||||||
Net increase in borrowings from central bank | |||||||||
Net increase in placements from other | |||||||||
financial institutions | |||||||||
Cash received from original insurance | |||||||||
contract premiums | |||||||||
Net cash received from reinsurance business | |||||||||
Net increase in policy holder deposits and | |||||||||
investments funds | |||||||||
Cash received from interest, fees and | |||||||||
commissions | |||||||||
Net increase in capital borrowed | |||||||||
Net increase in income from repurchase | |||||||||
business | |||||||||
Net cash received from trading securities | |||||||||
Refunds of taxes received | 699,772,703 | 659,958,783 | |||||||
Cash | received | relating | to | other | operating | 544,942,219 | 514,467,118 | ||
activities | |||||||||
Sub-total of | cash inflow | from | operating | 142,178,002,538 | 100,648,380,166 | ||||
activities | |||||||||
Cash paid for purchasing goods and receiving | 91,911,988,330 | 60,096,358,502 | |||||||
services | |||||||||
Net increase in customer loans and advances | |||||||||
18 |
to customers | ||||||||||
Net increase in deposit in central bank and due | ||||||||||
to banks and other financial institutions | ||||||||||
Cash paid for original insurance contract | ||||||||||
claimed | ||||||||||
Net increase in placements with other | ||||||||||
financial institutions | ||||||||||
Cash paid for interest, fees and commissions | ||||||||||
Cash paid for policy holder dividend | ||||||||||
Cash paid to and for employees | 5,338,556,125 | 4,365,570,672 | ||||||||
Cash paid for taxes and surcharges | 16,424,696,559 | 14,423,934,642 | ||||||||
Cash paid relating to other operating activities | 2,487,287,124 | 1,124,274,788 | ||||||||
Sub-total | of | cash outflow | from | operating | 116,162,528,138 | 80,010,138,604 | ||||
activities | ||||||||||
Net cash flow from operating activities | 26,015,474,400 | 20,638,241,562 | ||||||||
II. Cash flow from investing activities: | ||||||||||
Cash received from disposal of investments | 37,578,648,823 | 26,000,000,000 | ||||||||
Cash received from returns on investments | 433,519,287 | 149,848,216 | ||||||||
Net cash received from disposal of fixed | ||||||||||
assets, intangible assets and other long-term | 103,792,820 | 20,852,031 | ||||||||
assets | ||||||||||
Net cash received from disposal of | ||||||||||
subsidiaries and other operating business units | ||||||||||
Cash | received | relating | to | other | investing | 762,123,382 | 469,951,435 | |||
activities | ||||||||||
Sub-total | of | cash | inflow | from | investing | 38,878,084,312 | 26,640,651,682 | |||
activities | ||||||||||
Cash paid for acquisition and construction of | ||||||||||
fixed | assets, | intangible | assets and other | 6,025,726,797 | 2,613,036,870 | |||||
long-term assets | ||||||||||
Cash paid for investment | 42,500,000,000 | 26,000,000,000 | ||||||||
Net increase in pledge loans | ||||||||||
Net cash received from subsidiaries and other | 149,218,846 | 532,912,483 | ||||||||
operating business units | ||||||||||
Cash paid relating to other investing activities | 126,170,000 | 50,399,347 | ||||||||
Sub-total | of cash | outflow | investing | 48,801,115,643 | 29,196,348,700 | |||||
activities | ||||||||||
Net cash flow from investing activities | -9,923,031,331 | -2,555,697,018 | ||||||||
III. Cash flow generated from financing | ||||||||||
activities: | ||||||||||
Cash received from investment | 505,479,499 | 346,598,097 | ||||||||
Including: Cash received by subsidiaries from | 505,479,499 | 346,598,097 | ||||||||
the investment of minority shareholders | ||||||||||
Cash received from borrowings | 3,892,483,891 | 674,748,099 | ||||||||
Cash received related to other financing | ||||||||||
activities | ||||||||||
Sub-total | of | cash | inflow | from | financing | 4,397,963,390 | 1,021,346,196 | |||
activities | ||||||||||
Cash paid for repaying debts | 3,328,443,932 | 4,094,574,998 | ||||||||
Cash | paid | for | distributing | dividends | and | 9,319,285,512 | 7,040,527,570 | |||
profits and interest repayment | ||||||||||
Including: | Dividends | and profits | paid | by | 273,492,148 | 351,342,306 | ||||
subsidiaries to minority shareholders | ||||||||||
Cash paid related to other financing activities | 13,176,207 | 32,125,585 | ||||||||
Sub-total | of | cash outflow | from | financing | 12,660,905,651 | 11,167,228,153 | ||||
activities | ||||||||||
Net cash flow generated from financing | -8,262,942,261 | -10,145,881,957 | ||||||||
19 |
activities | ||
IV. Effect of foreign exchange rate changes to | 10,701,009 | 20,992,890 |
cash and cash equivalents | ||
V. Net increase in cash and cash equivalents | 7,840,201,817 | 7,957,655,477 |
Add: Balance of cash and cash equivalents at | 9,857,671,783 | 10,428,931,906 |
beginning of period | ||
VI. Balance of cash and cash equivalents at | 17,697,873, 600 | 18,386,587,383 |
end of period | ||
Legal representative: Gao Dengbang
Officer-in-charge of the accounting functions: Wu Bin
Officer-in-charge of the accounting department: Liu Yan
Cash Flow Statement of the Company
January - September 2019
Prepared by: Anhui Conch Cement Company Limited | Unit: RMB | Type of audit: Unaudited | |||||||||
The first three quarters | The first three quarters | ||||||||||
Item | of 2019 | of 2018 | |||||||||
(January - September) | (January - September) | ||||||||||
I. Cash flow from operating activities: | |||||||||||
Cash | received | from | selling | goods | and | 3,168,850,746 | 3,306,560,785 | ||||
providing services | |||||||||||
Refunds of taxes received | 10,162,393 | 49,407,472 | |||||||||
Cash received relating to other operating | 20,645,617,891 | 2,764,255,253 | |||||||||
activities | |||||||||||
Sub-total | of | cash | inflow | from | 23,824,631,030 | 6,120,223,510 | |||||
operating activities | |||||||||||
Cash | paid | for | purchasing | goods | and | 1,565,933,879 | 1,301,991,514 | ||||
receiving services | |||||||||||
Cash paid to and for employees | 244,951,459 | 236,862,491 | |||||||||
Cash paid for taxes and surcharges | 1,107,625,933 | 914,178,176 | |||||||||
Cash | paid | relating | to | other operating | 7,199,295,680 | 1,441,129,116 | |||||
activities | |||||||||||
Sub-total | of | cash | outflow | from | 10,117,806,951 | 3,894,161,297 | |||||
operating activities | |||||||||||
Net cash flow from operating activities | 13,706,824,079 | 2,226,062,213 | |||||||||
II. Cash flow from investing activities: | |||||||||||
Cash | received | from | disposal | of | 37,531,542,241 | 26,000,000,000 | |||||
investments | |||||||||||
Cash | received | from | returns | on | 8,214,451,939 | 12,569,705,149 | |||||
investments | |||||||||||
Net cash received from disposal of fixed | |||||||||||
assets, intangible assets and other long-term | 59,552,963 | 55,196 | |||||||||
assets | |||||||||||
Net cash received from disposal of | |||||||||||
subsidiaries and other operating business | |||||||||||
units | |||||||||||
Cash received relating to other investing | 1,964,237,054 | 2,963,328,002 | |||||||||
activities | |||||||||||
Sub-total | of | cash | inflow | from | 47,769,784,197 | 41,533,088,347 | |||||
investing activities | |||||||||||
Cash | paid | for | acquisition | and | 239,491,907 | 146,669,538 | |||||
construction | of | fixed | assets, | intangible | |||||||
20 |
assets and other long-term assets | ||||||||||
Cash paid for investment | 42,500,000,000 | 25,500,000,000 | ||||||||
Net cash paid for acquisition of | ||||||||||
subsidiaries and other operating business | 993,748,689 | 793,321,828 | ||||||||
units | ||||||||||
Cash | paid relating | to | other investing | 2,301,422,111 | 2,372,597,171 | |||||
activities | ||||||||||
Sub-total | of | cash | outflow | from | 46,034,662,707 | 28,812,588,537 | ||||
investing activities | ||||||||||
Net | cash | flow | from | investing | 1,735,121,490 | 12,720,499,810 | ||||
activities | ||||||||||
III. Cash flow generated from financing | ||||||||||
activities: | ||||||||||
Cash received from investment | ||||||||||
Cash received from borrowings | 100,000,000 | |||||||||
Cash received related to other financing | ||||||||||
activities | ||||||||||
Subtotal of cash inflow from financing | 100,000,000 | |||||||||
activities | ||||||||||
Cash paid for repaying debts | 97,500,000 | 2,500,500,000 | ||||||||
Cash paid for distributing dividends and | 8,852,748,791 | 6,462,854,361 | ||||||||
profits and interest repayment | ||||||||||
Cash paid related to other financing | ||||||||||
activities | ||||||||||
Sub-total | of | cash | outflow | from | 8,950,248,791 | 8,963,354,361 | ||||
financing activities | ||||||||||
Net | cash | flow | generated | from | -8,850,248,791 | -8,963,354,361 | ||||
financing activities | ||||||||||
IV. Effect | of | foreign | exchange | rate | -957,383 | 12,628,971 | ||||
changes to cash and cash equivalents | ||||||||||
V. Net | increase | in | cash | and | cash | 6,590,739,395 | 5,995,836,633 | |||
equivalents | ||||||||||
Add: | Balance | of | cash | and | cash | 5,828,259,360 | 7,527,298,040 | |||
equivalents at the beginning of period | ||||||||||
VI. Balance of cash and cash equivalents | 12,418,998,755 | 13,523,134,673 | ||||||||
at the end of period | ||||||||||
Legal representative: Gao Dengbang
Officer-in-charge of the accounting functions: Wu Bin
Officer-in-charge of the accounting department: Liu Yan
4.2 Adjustments to financial statements of the current year at its beginning for the initial application of the new financial instrument standards, new income standards and new lease standards are shown as below
□Applicable | √Not applicable |
4.3 Explanation to retroactively adjusted comparative information with respect to initial application of new financial instrument standards and new lease standards
□Applicable | √Not applicable |
4.4 Audit Report | |
□Applicable | √Not applicable |
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By order of the Board
Anhui Conch Cement Company Limited
Yu Shui
Joint Company Secretary
Wuhu City, Anhui Province, the PRC
22 October 2019
As at the date of this announcement, the Board comprises (i) Mr Gao Dengbang, Mr Wang Jianchao, Mr Wu Bin and Mr Li Qunfeng as executive Directors; (ii) Mr Ding Feng as non-executive Director; (iii) Mr Yang Mianzhi, Mr Leung Tat Kwong Simon and Ms Zhang Yunyan as independent non-executive Directors.
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Anhui Conch Cement Company Ltd. published this content on 22 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2019 09:14:09 UTC