粤电力B:2020年第三季度报告全文(英文版)

The Third Quarterly Report 2020
Guangdong Electric Power Development Co., Ltd.
       The Third Quarterly Report 2020
              October 2020
                                                                                        The Third Quarterly Report 2020
                                                  1 Important notes
The Board of Directors,the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
Other directors attending the Meeting for Quarterly Report deliberation except for the followed:
       Name of director absent        Title for absent director   Reasons for absent                 Attorney
             Rao Subo                         Director                Due to business               Wang Jin
              Chen Ze                         Director                Due to business               Wang Jin
            Wen Lianhe                        Director                Due to business             Zheng Yunpeng
             Yan Ming                         Director                Due to business             Zheng Yunpeng
            Liang Peilu                       Director                Due to business               Li Baobing
           Mao Qinghan                        Director                Due to business              Ma Xiaoqian
Mr. Wang Jin, Person in charge of the Company, Mr.Liu Wei , Person in charge of accounting works, Mr.Meng
Fei , Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and completeness of the
financial report enclosed in this report.
                                                                                                     The Third Quarterly Report 2020
                                 II. Basic information about the company
I. Main financial data and indices
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
                                             As at the end of the                                        Changed (%)over end of
                                                                        As at the end of last year
                                              reporting period                                                     prev. year
Gross assets(Yuan)                                81,793,310,492                      75,472,027,123                              8.38%
Net assets attributable to the
shareholders of the listed company                  27,099,905,152                      26,178,241,077                              3.52%
(Yuan)
                                                              Increase/decrease over Between beginning of
                                                                                                                  Changed (%)over
                                          Reporting period the same period of last the year to the end of
                                                                                                                       end of prev. year
                                                                    year(%)              the report period
Operating revenue(Yuan)                     8,313,722,282                  -3.85%            20,853,640,105                      -3.10%
Net profit attributable to the
shareholders of the listed company              755,703,910                  -0.21%             1,569,388,405                      17.22%
(Yuan)
Net profit after deducting of
non-recurring gain/loss attributable to
                                                753,661,026                   4.78%             1,538,203,735                      17.61%
the shareholders of listed company
(Yuan)
Net cash generated from /used in
                                              2,470,190,633                 -16.83%             6,488,412,530                      -4.21%
operating activities(Yuan)
Basic earning per share(Yuan/Share)                  0.1439                  -0.21%                      0.2989                    17.22%
Diluted gains per share(Yuan/Share)                  0.1439                  -0.21%                      0.2989                    17.22%
Weighted average return on
                                                      2.83%                  -0.35%                      6.09%                      0.67%
equity(%)
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
                                                                                                                                    In RMB
                                                                        Amount
                                                                    (Year-beginning
                                 Items                                                                         Notes
                                                                    to the end of the
                                                                     report period.)
Non-current asset disposal gain/loss(including the write-off part                       Yuejia Company liquidated the proceeds from
                                                                         51,176,503
for which assets impairment provision is made)                                          the sale of machinery and equipment.
                                                                                            The Third Quarterly Report 2020
                                                                               Mainly due to Zhenneng Company received
Govemment subsidy recognized in current gain and
                                                                               unemployment insurance rebate and
loss(excluding those closely related to the Company’s business   10,656,170
                                                                               Guangqian Company received subsidy for
and granted under the state’s policies)
                                                                               stable growth of electricity.
Other non-business income and expenditures other than the above    1,383,385
Fines and overdue payment fees                                    -2,784,751
                                                                               Mainly due to the income from scrapped fixed
Non-current assets scrap income                                    8,035,492 assets of Zhongyue Company and Pinghai
                                                                               Power Plant.
Loss of Non-current assets scrapped                               -2,265,819
Less: Amount of influence of income tax                           16,550,245
  Influenced amount of minor shareholders’ equity (after tax)    18,466,065
Total                                                             31,184,670                           --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
                                                                                                  The Third Quarterly Report 2020
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
                                                                                                                                 In shares
                                                                                          Total preference
                                                                                          shareholders with the
Total number of common shareholders at the period-end                            89,268 voting power recovered at
                                                                                          the end of the reporting
                                                                                          period(if any)
                                              Shares held by the top 10 shareholders
                                                                                                Amount of         Pledging or freezing
                                                                  Share
                                               Properties of                                  tradable shares
               Shareholder name                                 proportion     Quantity                              Status of
                                               shareholder                                   with Conditional                     Quantity
                                                                    %                                             the shares
                                                                                                    held
                                            State-owned legal
Guangdong Energy Group Co., Ltd.                                   67.39% 3,538,005,285          1,893,342,621
                                            person
                                            State-owned legal
China Securities Finance Co., Ltd.                                  2.84%      148,862,420
                                            person
Guangdong Development Group                 State-owned legal
                                                                    2.22%      116,693,602
Incorporated                                person
Guangdong Electric Power Development        State-owned legal
                                                                    1.80%       94,367,341
Corporation                                 person
                                            Domestic Natural
Li Zhuo                                                             1.15%       60,527,911
                                            person
                                            Domestic Natural
Zheng Jianxiang                                                     0.47%       24,804,886
                                            person
                                            Domestic
Harbin Hali Industry Co., Ltd.              Non-State owned         0.40%       20,942,945
                                            legal person
VANGUARD TOTAL INTERNATIONAL Overseas Legal
                                                                    0.35%       18,553,952
STOCK INDEX FUND                            person
CHINA INT'L CAPITAL CORP HONG               Overseas Legal
                                                                    0.29%       15,216,066
KONG SECURITIES LTD                         person
                                            Domestic
Harbin Daoli District Charity Foundation    Non-State owned         0.26%       13,667,406
                                            legal person
                                  Shares held by the Top 10 Shareholders of Non-restricted shares
                                                       Number of the non-restricted shares                   Share type
                 Shareholders’ Names
                                                                        held                         Share type              Quantity
Guangdong Energy Group Co., Ltd.                                               1,644,662,664 RMB Common shares 1,644,662,664
                                                                                                   The Third Quarterly Report 2020
China Securities Finance Co., Ltd.                                               148,862,420 RMB Common shares            148,862,420
Guangdong Development Group Incorporated                                         116,693,602 RMB Common shares            116,693,602
Guangdong Electric Power Development
                                                                                   94,367,341 RMB Common shares            94,367,341
Corporation
Li Zhuo                                                                            60,527,911 RMB Common shares            60,527,911
                                                                                                Foreign shares placed
Zheng Jianxiang                                                                    24,804,886                              24,804,886
                                                                                                in domestic exchange
Harbin Hali Industry Co., Ltd.                                                     20,942,945 RMB Common shares               2,094,294
VANGUARD TOTAL INTERNATIONAL STOCK                                                              Foreign shares placed
                                                                                   18,553,952                              18,553,952
INDEX FUND                                                                                      in domestic exchange
CHINA INT'L CAPITAL CORP HONG KONG                                                              Foreign shares placed
                                                                                   15,216,066                              15,216,066
SECURITIES LTD                                                                                  in domestic exchange
Harbin Daoli District Charity Foundation                                           13,667,406 RMB Common shares            13,667,406
                                                      The fourth largest shareholder Guangdong Electric Power Development
Explanation on associated relationship or concerted Corporation is the wholly-owned subsidiaries of the largest shareholder
action of the above shareholders                      Guangdong Energy Group. These two companies have relationships; whether
                                                      the other shareholders have relationships or unanimous acting was unknown.
                                                      The Fifth largest shareholder Li Zhuo holds 1,125,720 A shares of the
                                                      Company through A shares ordinary stock account, and holds 59,402,191A
                                                      shares of the Company through stock account with credit transaction and
                                                      guarantee. hold 60,527,911 shares of the Company's stock totally.
                                                      The Seventh largest shareholder Harbin Hali Industry Co., Ltd. holds300 A
                                                      shares of the Company through A shares ordinary stock account, and holds
Explanation on associated relationship or concerted
                                                      20,942,645 A shares of the Company through stock account with credit
action of the above shareholders
                                                      transaction and guarantee, hold 20,942,945 shares of the Company's stock to
                                                      The Tenth largest shareholder Harbin Daoli District Charity Foundation
                                                      holds16,800 A shares of the Company through A shares ordinary stock account,
                                                      and holds 13,650,606A shares of the Company through stock account with
                                                      credit transaction and guarantee, hold 13,667,406 shares of the Company's
                                                      stock totally.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
                                                                                        The Third Quarterly Report 2020
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
1. In the first three quarters of 2020, the Company completed the combined on-gird power of 51.689 billion kWh,
down 1.63% YOY, the average on-grid price in the consolidated statement was 445.76 yuan/thousands kWh
(including tax, the same below), up 14.84 yuan/thousands kWh. The cost of fuel for power generation decreased by
RMB 1,314,493,800, a decrease of 10.17%. With the continuous improvement of the epidemic prevention and
control situation in Guangdong Province and the steady recovery of social and economic operations, the Company's
power production in the third quarter of 2020 was generally stable, and the main cost and expense control effects
were good. With the influence of factors such as coal price falling, the profit margin of the main business was
certainly increased, and the net profit attributable to shareholders of the parent company in the first three quarters of
2020 was RMB 1,569,388,400, a year-on-year increase of 17.22%.
2. During the reporting period, the asset impairment losses increased by RMB 111,916,100 YOY, an increase of
232.20%. The main reason was: on the one hand, the #1 unit of Sha A Power Plant was expected to be scrapped
before the end of this year, with an impairment loss of RMB 60,878,800; on the other hand, the Company’s
headquarter recovered the debt investment fund of RMB 48,197,600 that had been withdrawn for impairment in
previous years.
3. The net non-operating income and expenditure increased by RMB 25,089,900 YOY, an increase of 286.96%. It’s
mainly because the Company scrapped fixed assets leading to the net non-operating income and expenditure
increased by RMB 22 million yuan YOY.
4. During the reporting period, the corporate income tax expenses increased by RMB 300,222,500 YOY, an
increase of 48.93%. It’s mainly due to the Company's better YOY profit this year, resulting in an increase in income
tax expenses.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1. During the reporting period, the Company received the Guangdong Provincial Development and Reform
Commission's \"Notice on Adjusting the On-grid Price of Natural Gas Generation Power in Our Province\" (Yue Fa
Gai Price No. 284 - [2020]). In order to promote the healthy development of the natural gas power generation
industry and appropriately reduce the electricity cost of the whole society, the Guangdong Provincial Development
and Reform Commission had decided to further adjust the on-grid price for natural gas power in our province.
According to the Company's preliminary calculations, this adjustment of natural gas power price is expected to
affect from August to December 2020 to reduce revenue by RMB 61.61 million, net profit by RMB 46.21 million,
and net profit attributable to parent company by RMB 38.75 million.
2. During the reporting period, Mr. Lin Weifeng, Workers' Supervisor of Guangdong Electric Power Development
Co., Ltd., no longer serves as workers' supervisor of the Company due to job changes, but still serves as the head
of the finance department at Shajiao A Power Plant-a branch of the Company. According to the relevant provisions
of the Company's \"Articles of Association\", Mr. Li Jianwen (with resume attached) was democratically elected by
the Company's employees as the workers' director of the Company's ninth board of supervisors, with his term of
                                                                                              The Third Quarterly Report 2020
office is from the date of the announcement to the date of expiry of the current board of supervisors.
3. In order to implement the requirements of deepening the reform of state-owned enterprises and improve the
level of integration of industry and finance, Approved by the 14th meeting of the ninth board of directors of the
Company on August 26, 2020, The board of directors agreed to the Company participating in the capital increase
and share expansion of Guangdong Energy Financial Leasing Co., Ltd and obtaining 25% equity of Guangdong
Energy Financial Leasing Co., Ltd by injecting RMB 512,958,300 into the financial leasing company. After the
capital injection, it will hold its registered capital of RMB 500 million. The price of the capital injection shall be
determined on the basis of the net asset assessment value of the financial leasing company recorded and approved
by the competent authority. Currently, the Company is promoting the capital increase of the financial leasing
company as planned.
4. In order to accelerate the large-scale development of the Company’s new energy power projects, increase the
proportion of installed capacity of clean energy, Approved by the 14th meeting of the ninth board of directors of the
Company on August 26, 2020, the board of directors agreed in principle that the wholly-owned
subsidiary-Guangdong Wind Power Co., Ltd acquires the 100% equity of Dacheng County Dun’an New Energy
Co., Ltd in the form of pre-acquisition. The total investment in the acquisition shall not exceed 800 million yuan,
and the specific transaction price shall be based on the asset evaluation results.The transaction deposit of 80
million yuan for the equity acquisition transaction will be resolved by the Company’s capital increase to
Guangdong Wind Power Company. the Company is currently carrying out the pre-acquisition work of Dun’an New
Energy Company as planned.
5. Approved by the 14th meeting of the ninth board of directors of the Company on August 26, 2020, It is agreed to
hire PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) as the
domestic and overseas audit institution of the company in 2020.This proposal must be submitted to the
Provisional General Meeting of Shareholders for consideration.
6. As of 17: 32, September 10, 2020, the Unit 1 of Guangdong Yudean Maoming Bohe Power Plant's 2×1 million
kilowatt “Replacing Small Units with Large Ones \" power generation project built by the Company's holding
subsidiary Guangdong Yudean Bohe Coal Power Co., Ltd was successfully passed the 168-hour full-load trial
operation and marked it’s officially put into commercial operation.
7. The term of the Company's ninth board of directors and ninth board of supervisors expired on September 18, 2020.
As the preparations for the nomination of candidates for the new board of directors and board of supervisors have
not been completed, the election of the change of the Company's board of directors and board of supervisors will be
postponed, and the tenure of the special committees of the board of directors and the senior management staff has
also been extended accordingly. Currently, the Company is actively promoting the election for the change of board
of directors and board of supervisors.
                          Announcement                                   Date of disclosure         Website for disclosure
  Announcement on the adjustment of on-grid electricity prices for
                                                                     August 5,2020             http//www.cninfo.com.cn.
                       gas-fired power plants
   Announcement on changes in Employee Workers’ Supervisor          August 14,2020            http//www.cninfo.com.cn.
Announcement on Related transaction in Capital Increase and Share
                                                                     August 28,2020            http//www.cninfo.com.cn.
    Expansion of Guangdong Energy Finance Leasing Co., Ltd.
  Announcement of Resolutions of the 14th Meeting of the Ninth
                                                                     August 28,2020            http//www.cninfo.com.cn.
                        Board of Directors
 Announcement on Hiring the Company's Annual Audit Institution September 1,2020                http//www.cninfo.com.cn.
                                                                                                                 The Third Quarterly Report 2020
Voluntary Information Disclosure Announcement Regarding Project
                                                                               September 11,2020                   http//www.cninfo.com.cn.
                              Commissioning
Reminder announcement on the postponement of the change of board
                                                                               October 17,2020                     http//www.cninfo.com.cn.
                of directors and board of supervisors
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
No such cases in the reporting period.
 IV. Financial asset investment
1.Securities investment
√ Applicable □Not applicable
                                                                                                                                                  In RMB
                                                                                                 Purc
                                                        Book                                            Sale
                                                                                                 hase                        Book
                                                        value                                           amo
                                           Mode of                 Changes         Cumulativ amo                             value
                    Stock                             balance at                                        unt Gain/loss
                             Initial       accounti                in       fair     e fair      unt                       balance at Accou Source
Security Security Abbr                                   the                                             in     of the
                             investment ng                         value     of      value        in                       the end of nting of the
category    code    eviati                            beginning                                         the reporting
                             cost          measure                 the      this changes in the                               the        items shares
                     on:                                of the                                          this    period
                                           ment                    period           equity       this                      reporting
                                                      reporting                                         peri
                                                                                                 peri                       period
                                                       period                                           od
                                                                                                 od
                                                                                                                                         Other
Domesti             Shen                   Fair                                                                                          equity
c and               zhen                   value                                                                                         instru Own-F
           000027             15,890,628               78,246,000 -10,710,000       51,645,372                   630,000    67,536,000
foreign             Ener                   measure                                                                                       ment unds
stocks              gy                     ment                                                                                          Invest
                                                                                                                                         ment
                                                                                                                                         Other
Domesti                                    Fair                                                                                          equity
c and               Shen                   value                                                                                         instru Own-F
           600642            235,837,988              322,642,373 -17,214,998       69,589,387                 12,217,095 305,427,375
foreign             ergy                   measure                                                                                       ment unds
stocks                                     ment                                                                                          Invest
                                                                                                                                         ment
                                                                                                  The Third Quarterly Report 2020
                                                                                                                        Other
Domesti                                  Fair                                                                           equity
c and                NEE                 value                                                                          instru Own-F
           831039            3,600,000               7,182,000   4,338,000   7,920,000           450,000   11,520,000
foreign              Q                   measure                                                                        ment unds
stocks                                   ment                                                                           Invest
                                                                                                                        ment
Total                      255,328,616      --     408,070,373 -23,586,998 129,154,759   0   0 13,297,095 384,483,375     --     --
Disclosure date for the
notice of approval by      October 31, 2019
the Board (If any)
Disclosure date for the
notice of approval by
shareholders’ Meeting
(If any)
2.Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
V. Progress of investment projects with raised funds
□ Applicable √Not applicable
VI. Prediction of 2020 business performance
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation on reason
 □ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.
IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
                                                                                         The Third Quarterly Report 2020
X. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
XI. The registration form of acceptance of investigation, communication and interview in the report period
for future reference
□ Applicable √Not applicable
No such cases in the reporting period.
                                                   IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Guangdong Electric Power Development Co., Ltd.
                                                                                                                In RMB
                                Items                             September 30,2020             December 31, 2019
Current asset:
                          Monetary fund                                      6,594,174,586                5,081,641,969
                      Settlement provision
Outgoing call loan
Transactional financial assets
  Derivative financial assets
  Notes receivable
     Account receivable                                                      3,277,998,883                3,197,690,464
     Financing of receivables
                          Prepayments                                         924,266,841                   605,314,333
                      Insurance receivable
                     Reinsurance receivable
         Provisions of Reinsurance contracts receivable
     Other account receivable                                                 316,027,817                   272,801,588
     Including:Interest receivable                                            21,528,655                    20,866,069
             Dividend receivable
                                                                       The Third Quarterly Report 2020
     Repurchasing of financial assets
     Inventories                                           1,890,925,907                1,817,059,269
     Contract assets
     Assets held for sales
Non-current asset due within 1 year                          50,012,703                    28,865,131
     Other current asset                                    484,773,258                   305,595,567
                        Total of current assets           13,538,179,995               11,308,968,321
                        Non-current assets:
         Loans and payment on other’s behalf disbursed
Creditor's right investment
  Other Creditor's right investment
  Long-term receivable                                                                     65,856,346
  Long term share equity investment                        6,519,452,671                6,455,784,562
  Other equity instruments investment                      3,188,520,935                3,142,371,373
Other non-current financial assets
  Property investment                                        50,180,522                    52,093,631
     Fixed assets                                         41,946,261,667               38,555,718,718
Construction in progress                                   9,583,892,764               10,882,003,846
     Production physical assets
     Oil & gas assets
     Use right assets
     Intangible assets                                     2,149,264,203                1,787,738,640
  Development expenses
     Goodwill                                                  2,449,886                    2,449,886
  Long-germ expenses to be amortized                         20,009,625                    19,473,586
  Deferred income tax asset                                 303,803,785                   445,709,226
  Other non-current asset                                  4,491,294,439                2,753,858,988
Total of non-current assets                               68,255,130,497               64,163,058,802
Total of assets                                           81,793,310,492               75,472,027,123
Current liabilities
  Short-term loans                                         7,134,452,824                5,904,132,791
 Loan from Central Bank
  Borrowing funds
     Transactional financial liabilities
    Derivative financial liabilities
    Notes payable                                      1,579,992,546                1,364,236,650
     Account payable                                       2,419,111,438                2,465,154,162
                                                        The Third Quarterly Report 2020
     Advance receipts                            682,983                      432,714
     Contract liabilities                    152,249,845
 Selling of repurchased financial assets
Deposit taking and interbank deposit
 Entrusted trading of securities
Entrusted selling of securities
 Employees’ wage payable                    493,618,916                   242,510,538
 Tax payable                                 714,411,002                   571,377,151
    Other account payable               5,100,733,767                4,042,117,097
     Including:Interest payable
             Dividend payable                   9,771,322                    9,771,322
     Fees and commissions payable
     Reinsurance fee payable
     Liabilities held for sales
Non-current liability due within 1 year     2,016,804,892                3,182,980,482
Other current liability                     1,590,334,825                1,912,282,192
Total of current liability                 21,202,393,038               19,685,223,777
Non-current liabilities:
Reserve fund for insurance contracts
  Long-term loan                           18,325,551,691               16,587,103,380
 Bond payable                               3,014,377,193                1,496,631,799
  Including:preferred stock
  Sustainable debt
    Lease liability
    Long-term payable                       2,955,816,598                2,485,346,245
Long-term remuneration payable to staff      120,176,705                   134,988,860
 Expected liabilities
     Deferred income                         139,840,678                   139,256,513
  Deferred income tax liability              533,536,101                   537,385,614
Other non-current liabilities                200,000,000                   216,405,569
Total non-current liabilities              25,289,298,966               21,597,117,980
Total of liability                         46,491,692,004               41,282,341,757
Owners’ equity
  Share capital                             5,250,283,986                5,250,283,986
                                                                              The Third Quarterly Report 2020
  Other equity instruments
  Including:preferred stock
  Sustainable debt
 Capital reserves                                                 5,096,918,174                5,096,918,174
  Less:Shares in stock
Other comprehensive income                                        1,658,452,796                1,676,143,044
     Special reserve
  Surplus reserves                                                8,515,360,638                8,245,767,593
Common risk provision
Retained profit                                                   6,578,889,558                5,909,128,280
Total of owner’s equity belong to the parent company            27,099,905,152               26,178,241,077
Minority shareholders’ equity                                    8,201,713,336                8,011,444,289
Total of owners’ equity                                         35,301,618,488               34,189,685,366
Total of liabilities and owners’ equity                         81,793,310,492               75,472,027,123
Legal representative :Wang Jin
Person-in-charge of the accounting work:Liu Wei
Person-in -charge of the accounting organ:Meng Fei
2.Parent Company Balance Sheet
                                                                                                     In RMB
                                Items                   September 30,2020            December 31, 2019
Current asset:
Monetary fund                                                       373,751,028                  224,504,289
Transactional financial assets
  Derivative financial assets
     Notes receivable
     Account receivable                                             126,472,923                  209,249,102
Financing of receivables
     Prepayments                                                     26,680,500                   43,002,000
  Other account receivable                                          152,656,368                  108,149,278
     Including:Interest receivable                                   3,173,329                     689,092
     Dividend receivable                                                                           2,652,502
     Inventories                                                    132,984,215                  151,518,056
                                                        The Third Quarterly Report 2020
     Contract assets
     Assets held for sales
Non-current asset due within 1 year
     Other current asset                         271,301                     1,228,009
Total of current assets                      812,816,335                   737,650,734
Non-current assets:
Creditor's right investment
  Other Creditor's right investment
  Long-term receivable                       596,000,000                   340,000,000
  Long term share equity investment        27,470,574,979               26,514,106,513
Other equity instruments investment         3,188,520,935                3,142,371,373
Other non-current financial assets
  Property investment                           6,548,745                    7,025,443
  Fixed assets                               587,086,827                   706,435,221
 Construction in progress                       3,415,153                   14,945,019
     Production physical assets
     Oil & gas assets
     Use right assets
     Intangible assets                        82,733,157                    85,839,959
  Development expenses
     Goodwill
Long-germ expenses to be amortized
  Deferred income tax asset
  Other non-current asset                    208,353,879                   356,004,000
Total of non-current assets                32,143,233,675               31,166,727,528
Total of assets                            32,956,050,010               31,904,378,262
Current liabilities
     Short-term loans                       1,709,620,917                1,401,641,708
     Transactional financial liabilities
    Derivative financial liabilities
     Notes payable
     Account payable                          84,028,584                   156,122,676
  Advance receipts
     Contract Liabilities                       5,364,445
 Employees’ wage payable                    112,893,153                    63,480,425
 Tax payable                                   11,685,237                   44,298,675
    Other account payable                 53,545,127                    71,126,853
                                                        The Third Quarterly Report 2020
     Including:Interest payable
             Dividend payable                   9,771,322                    9,771,322
     Liabilities held for sales
Non-current liability due within 1 year      500,763,889                 1,554,314,700
Other current liability                     1,604,091,803                1,912,282,192
Total of current liability                  4,081,993,155                5,203,267,229
Non-current liabilities:
  Long-term loan
 Bond payable                               2,315,554,141                  798,857,333
  Including:preferred stock
  Sustainable debt
           Lease liability
     Long-term payable                                                       3,466,237
Long-term remuneration payable to staff       32,102,143                    36,570,958
 Expected liabilities
     Deferred income                          39,984,807                    39,984,807
  Deferred income tax liability              529,296,935                   535,193,684
Other non-current liabilities
Total non-current liabilities               2,916,938,026                1,414,073,019
Total of liability                          6,998,931,181                6,617,340,248
Owners’ equity
  Share capital                             5,250,283,986                5,250,283,986
  Other equity instruments
  Including:preferred stock
  Sustainable debt
  Capital reserves                          5,599,980,903                5,599,980,903
  Less:Shares in stock
Other comprehensive income                  1,658,452,796                1,676,143,044
     Special reserve
  Surplus reserves                          8,515,360,638                8,245,767,593
     Retained profit                        4,933,040,506                4,514,862,488
Total of owners’ equity                   25,957,118,829               25,287,038,014
Total of liabilities and owners’ equity   32,956,050,010               31,904,378,262
                                                                                    The Third Quarterly Report 2020
3.Consolidated Income statement of the Report period
                                                                                                            In RMB
                                 Items                      Amount in this period         Amount in last period
                 I. Income from the key business                        8,313,722,282                 8,646,351,018
                      Incl:Business income                             8,313,722,282                 8,646,351,018
                            Interest income
                          Insurance fee earned
                  Fee and commission received
II. Total business cost                                                 6,961,633,784                 7,497,679,016
Incl:Business cost                                                     6,384,412,514                 6,928,192,466
      Interest expense
 Fee and commission paid
   Insurance discharge payment
  Net claim amount paid
Net amount of withdrawal of insurance contract reserve
Insurance policy dividend paid
  Reinsurance expenses
     Business tax and surcharge                                            61,578,856                    71,719,992
     Sales expense                                                         11,771,851                    11,243,947
 Administrative expense                                                   218,078,599                   174,317,245
          R & D costs                                                      15,185,561                     1,289,004
     Financial expenses                                                   270,606,404                   310,916,362
     Including:Interest expense                                          289,291,728                   319,264,192
                  Interest income                                          19,873,826                    11,283,318
  Add: Other income                                                         1,681,229                     6,877,778
Investment gain(“-”for loss)                                          171,148,439                   136,008,997
  Incl: investment gains from affiliates                                  158,931,344                   134,803,712
  Financial assets measured at amortized cost cease to be
recognized as income
       Gains from currency exchange
     Net exposure hedging income
       Changing income of fair value
       Credit impairment loss
     Impairment loss of assets                                            -46,974,810                    48,197,647
                                                                               The Third Quarterly Report 2020
  Assets disposal income                                                   -273
III. Operational profit(“-”for loss)                           1,477,943,083                1,339,756,424
  Add :Non-operational income                                        8,483,098                     3,309,345
  Less: Non-operating expense                                           656,594                     1,790,954
IV. Total profit(“-”for loss)                                    1,485,769,587                1,341,274,815
  Less:Income tax expenses                                         440,869,839                   303,700,779
V. Net profit                                                      1,044,899,748                1,037,574,036
  (I) Classification by business continuity
1.Net continuing operating profit                                  1,044,899,748                1,037,574,036
2.Termination of operating net profit
  (II) Classification by ownership
1.Net profit attributable to the owners of parent company           755,703,910                   757,309,917
2.Minority shareholders’ equity                                    289,195,838                   280,264,119
VI. Net after-tax of other comprehensive income                      -12,081,166                  -22,817,126
Net of profit of other comprehensive income attributable to own      -12,081,166                  -22,817,126
ers of the parent company.
(I)Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting          -12,081,166                  -22,817,126
period
1.Re-measurement of defined benefit plans of changes in net de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
                                                                     -12,081,166                  -22,817,126
instruments
4. Changes in the fair value of the company’s credit risks
  5.Other
     (II)
Other comprehensive income that will be reclassified into profit
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the reclassification
                                                                                          The Third Quarterly Report 2020
of financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements
  7.Other
Net of profit of other comprehensive income attributable to Min
ority shareholders’ equity
VII. Total comprehensive income                                               1,032,818,582                 1,014,756,910
Total comprehensive income attributable to the owner of the
                                                                                743,622,744                   734,492,791
parent company
 Total comprehensive income attributable minority
                                                                                289,195,838                   280,264,119
shareholders
VIII. Earnings per share
(I)Basic earnings per share                                                        0.1439                        0.1442
 (II)Diluted earnings per share                                                      0.1439                        0.1442
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal representative :Wang Jin
Person-in-charge of the accounting work:Liu Wei
Person-in -charge of the accounting organ:Meng Fei
4.Income statement of the Parent Company of the Report period
                                                                                                                  In RMB
                                Items                             Amount in this period         Amount in last period
                 I. Income from the key business                                356,610,269                   635,806,632
                         Incl:Business cost                                    314,268,839                   594,224,355
                      Business tax and surcharge                                   1,684,037                    2,450,238
                            Sales expense                                           567,210                       422,950
                       Administrative expense                                    28,556,216                    28,185,676
          R & D expense                                                             161,909                       360,401
     Financial expenses                                                          51,583,168                    52,177,490
       Including:Interest expenses                                              51,993,612                    52,540,192
          Interest income                                                          1,670,271                    1,454,556
                                                                            The Third Quarterly Report 2020
  Add:Other income
  Investment gain(“-”for loss)                                 277,223,757                 223,828,335
Including: investment gains from affiliates                        159,656,349                 134,624,138
Financial assets measured at amortized cost cease to be
recognized as income
         Net exposure hedging income
         Changing income of fair value
         Credit impairment loss
     Impairment loss of assets                                     -46,974,810                  48,647,647
  Assets disposal income
II. Operational profit(“-”for loss)                            190,199,746                 230,461,503
     Add :Non-operational income                                    4,874,977                    174,784
  Less:Non -operational expenses                                      45,210                     702,682
III. Total profit(“-”for loss)                                   195,029,513                 229,933,605
     Less:Income tax expenses
IV. Net profit                                                     195,029,513                 229,933,605
1.Net continuing operating profit                                  195,029,513                 229,933,605
2.Termination of operating net profit
V. Net after-tax of other comprehensive income                     -12,081,168                 -22,817,126
(I)Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting        -12,081,168                 -22,817,126
period
1.Re-measurement of defined benefit plans of changes in net de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
                                                                   -12,081,168                 -22,817,126
instruments
4. Changes in the fair value of the company’s credit risks
  5.Other
(II)Other comprehensive income that will be reclassified into pr
ofit or loss
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
                                                                                          The Third Quarterly Report 2020
obligations
3. Other comprehensive income arising from the
reclassification of financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements
  7.Other
VI. Total comprehensive income                                                  182,948,345                      207,116,479
VII. Earnings per share
(I)Basic earnings per share                                                         0.0371                             0.0438
 (II)Diluted earnings per share                                                       0.0371                             0.0438
5. Consolidated Income statement between the beginning of the year and end of the report period
                                                                                                                         In RMB
                               Items                              Amount in this period        Amount in last period
I. Turnover                                                                   20,853,640,105                  21,520,532,268
Including:Operating income                                                   20,853,640,105                  21,520,532,268
      Interest income
    Insurance fee earned
Commission charge and commission income
                     II. Total operating costs                                18,097,475,127                  19,534,660,935
                  Including :Operating costs                                 16,535,385,536                  17,952,335,942
                          Interest expense
                    Fee and commission paid
                  Insurance discharge payment
                     Net claim amount paid
              Appropriation of deposit for duty,net
                 Insurance policy dividend paid
                      Reinsurance expenses
                   Business tax and surcharge                                    159,730,933                     165,085,350
                           Sales expense                                          34,666,408                      24,088,735
                     Administrative expense                                      519,754,272                     445,202,049
          R & D expense                                                           16,016,670                           1,636,527
                                                                            The Third Quarterly Report 2020
           Financial expenses                                     831,921,309                  946,312,332
     Including:Interest expense                                  883,583,234                  983,273,645
     Interest income                                               55,714,232                   42,944,823
     Add:Other income                                             15,169,944                   46,350,634
Investment gain(“-”for loss)                                  407,217,504                  440,490,979
  Including: investment gains from affiliates                     373,629,965                  408,421,926
  Financial assets measured at amortized cost cease to be
recognized as income
         Gains from currency exchange
     Net exposure hedging income
         Changing income of fair value
         Credit impairment loss                                        20,911                     -523,441
     Impairment loss of assets                                     -63,718,440                  48,197,647
  Assets disposal income                                           51,176,503
III. Operating profit(“-”for loss)                           3,166,031,400               2,520,387,152
  Add :Non-operating income                                       25,351,020                    8,602,532
  Less: Non-operating expense                                      13,684,188                   22,025,650
IV. Total profit(“-”for loss)                                  3,177,698,232               2,506,964,034
  Less:Income tax expenses                                       913,749,251                  613,536,709
V. Net profit                                                    2,263,948,981               1,893,427,325
  (I) Classification by business continuity
1.Net continuing operating profit                                2,263,948,981               1,893,427,325
2.Termination of operating net profit
  (II) Classification by ownership
1.Net profit attributable to the owners of parent company        1,569,388,405               1,338,879,300
2.Minority shareholders’ equity                                  694,560,576                  554,548,025
VI. Net after-tax of other comprehensive income                    -17,690,248                  34,695,456
Net of profit of other comprehensive income attributable to ow     -17,690,248                  34,695,456
ners of the parent company.
(I)Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting        -17,690,248                  34,695,456
period
1.Re-measurement of defined benefit plans of changes in net de
bt or net assets
2.Other comprehensive income under the equity method invest
                                                                                 The Third Quarterly Report 2020
ee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
                                                                        -17,690,248                  34,695,456
instruments
4. Changes in the fair value of the company’s credit risks
               5.Other
(II)Other comprehensive income that will be reclassified into pr
ofit or loss
1.Other comprehensive income under the equity method invest
ee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the
reclassification of financial assets
4.Allowance for credit impairments in investments in other
debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements
  7.Other
Net of profit of other comprehensive income attributable to Mi
nority shareholders’ equity
VII. Total comprehensive income                                       2,246,258,733               1,928,122,781
Total comprehensive income attributable to the owner of the
                                                                      1,551,698,157               1,373,574,756
parent company
 Total comprehensive income attributable minority
                                                                        694,560,576                 554,548,025
shareholders
VIII. Earnings per share
(I)Basic earnings per share                                                0.2989                     0.2550
 (II)Diluted earnings per share                                              0.2989                     0.2550
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal representative :Wang Jin
Person-in-charge of the accounting work:Liu Wei
Person-in -charge of the accounting organ:Meng Fei
                                                                                         The Third Quarterly Report 2020
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
                                                                                In RMB
                                   Items                        Amount in this period        Amount in last period
                             I. Revenue                                        826,164,433                   1,620,715,714
                   Including :Operating costs                                 816,067,727                   1,572,358,236
                    Business tax and surcharge                                   5,489,002                           8,340,931
                           Sales expense                                         1,831,908                           1,098,839
                      Administrative expense                                    82,641,254                      65,049,565
           R & D expense                                                           161,909                            630,094
     Financial expenses                                                        162,667,973                     153,134,251
         Including:Interest expenses                                          164,915,238                     154,449,687
                      Interest income                                            3,993,460                           3,932,287
  Add:Other income                                                                 44,061                             10,000
  Investment gain(“-”for loss)                                           1,612,809,083                   1,289,334,443
Including: investment gains from affiliates                                    371,180,201                     404,708,029
  Financial assets measured at amortized cost cease to be
recognized as income
         Net exposure hedging income
         Changing income of fair value
         Credit impairment loss                                                     20,911                           -303,753
     Impairment loss of assets                                                 -63,718,440                      48,647,647
  Assets disposal income                                                           157,963                           3,218,915
II. Operating profit(“-”for loss)                                        1,306,618,238                    1,161,011,049
     Add :Non-operating income                                                 14,662,914                            182,626
  Less:Non -operating expenses                                                  1,419,294                           1,884,087
III. Total profit(“-”for loss)                                             1,319,861,858                   1,159,309,588
     Less:Income tax expenses                                                   2,056,715                      47,879,436
IV. Net profit                                                               1,317,805,143                    1,111,430,152
1.Net continuing operating profit                                            1,317,805,143                    1,111,430,152
2.Termination of operating net profit
V. Net after-tax of other comprehensive income                                 -17,690,248                      34,695,456
(I)Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting                    -17,690,248                      34,695,456
period
1.Re-measurement of defined benefit plans of changes in net d
                                                                                           The Third Quarterly Report 2020
ebt or net assets
2.Other comprehensive income under the equity method invest
ee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
                                                                                  -17,690,248                      34,695,456
instruments
4. Changes in the fair value of the company’s credit risks
               5.Other
(II)
Other comprehensive income that will be reclassified into profi
t or loss.
1.Other comprehensive income under the equity method invest
ee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
             3. Other comprehensive income arising from the
reclassification of financial assets
               4. Allowance for credit impairments in
investments in other debt obligations
         5. Reserve for cash flow hedges
     6. Translation differences in currency financial statements
             7.Other
VI. Total comprehensive income                                                  1,300,114,895                   1,146,125,608
VII. Earnings per share
(I)Basic earnings per share                                                          0.2510                            0.2117
 (II)Diluted earnings per share                                                        0.2510                            0.2117
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
                                                                                                                        In RMB
                               Items                               Amount in this period        Amount in last period
               I.Cash flows from operating activities
   Cash received from sales of goods or rending of services                    23,410,418,937                  24,362,498,308
     Net increase of customer deposits and capital kept for
brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
                                                                                The Third Quarterly Report 2020
Net increase of client deposit and investment
  Cash received from interest, commission charge and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
  Net cash received by agent in securities trading
    Tax returned                                                      127,569,517                   58,799,293
Other cash received from business operation                           279,600,355                  243,645,593
    Sub-total of cash inflow                                        23,817,588,809              24,664,943,194
Cash paid for purchasing of merchandise and services                13,959,789,469              15,275,232,014
Net increase of client trade and advance
Net increase of savings in central bank and brother company
  Cash paid for original contract claim
  Net increase for Outgoing call loan
 Cash paid for interest, processing fee and commission
 Cash paid for policy dividend
Cash paid to staffs or paid for staffs                               1,053,661,424               1,131,162,005
 Taxes paid                                                          1,779,907,829               1,014,809,741
Other cash paid for business activities                               535,817,557                  470,163,457
Sub-total of cash outflow from business activities                  17,329,176,279              17,891,367,217
Net cash generated from /used in operating activities                6,488,412,530               6,773,575,977
II. Cash flow generated by investing
Cash received from investment retrieving                                                           102,820,430
Cash received as investment gains                                     343,549,395                  201,960,518
Net cash retrieved from disposal of fixed assets, intangible
                                                                      278,790,688
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received                                 10,000,000
Sub-total of cash inflow due to investment activities                 632,340,083                  304,780,948
Cash paid for construction of fixed assets, intangible assets and
                                                                     5,480,965,047               3,000,250,669
     other long-term assets
Cash paid as investment                                                70,294,338                   79,035,790
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
                                                                                          The Third Quarterly Report 2020
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities                       5,551,259,385                 3,079,286,459
Net cash flow generated by investment                                       -4,918,919,302                 -2,774,505,511
III.Cash flow generated by financing
Cash received as investment                                                      4,400,000                   512,000,000
Including: Cash received as investment from minor
                                                                                 4,400,000                   512,000,000
shareholders
Cash received as loans                                                      18,088,592,531                10,903,258,541
Other financing –related cash received                                          2,546,535                      1,038,130
Sub-total of cash inflow from financing activities                          18,095,539,066                11,416,296,671
Cash to repay debts                                                         15,936,421,657                13,544,754,488
Cash paid as dividend, profit, or interests                                  2,210,125,314                 1,795,543,714
Including: Dividend and profit paid by subsidiaries to minor
                                                                               245,761,088                   385,697,942
shareholders
Other cash paid for financing activities                                         5,952,486                      3,335,383
Sub-total of cash outflow due to financing activities                       18,152,499,457                15,343,633,585
Net cash flow generated by financing                                           -56,960,391                 -3,927,336,914
IV. Influence of exchange rate alternation on cash and cash
                                                                                        -220
equivalents
V.Net increase of cash and cash equivalents                                  1,512,532,617                    71,733,552
Add: balance of cash and cash equivalents at the beginning of
                                                                             5,079,641,969                 5,570,382,893
term
VI ..Balance of cash and cash equivalents at the end of term                 6,592,174,586                 5,642,116,445
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
                                                                                                                 In RMB
                              Items                             Amount in this period           Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services                       958,831,367                 1,820,859,152
 Tax returned                                                                    1,797,630
Other cash received from business operation                                     76,854,450                    46,901,686
Sub-total of cash inflow                                                     1,037,483,447                 1,867,760,838
Cash paid for purchasing of merchandise and services                           689,992,723                 1,338,827,716
Cash paid to staffs or paid for staffs                                         195,677,333                   202,912,167
Taxes paid                                                                      71,326,703                    70,035,488
                                                                            The Third Quarterly Report 2020
Other cash paid for business activities                             42,084,971                  43,410,776
Sub-total of cash outflow from business activities                 999,081,730               1,655,186,147
Net cash generated from /used in operating activities               38,401,717                 212,574,691
II.Cash flow generated by investing
Cash received from investment retrieving                            16,460,000                 348,864,150
Cash received as investment gains                                 1,553,075,401              1,057,794,667
Net cash retrieved from disposal of fixed assets, intangible
                                                                       855,007                   6,281,001
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received
 Sub-total of cash inflow due to investment activities            1,570,390,408              1,412,939,818
Cash paid for construction of fixed assets, intangible assets
                                                                    13,312,373                  26,677,506
and other long-term assets
       Cash paid as investment                                    1,113,926,727              1,445,721,936
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities            1,127,239,100              1,472,399,442
Net cash flow generated by investment                              443,151,308                 -59,459,624
III. Cash flow generated by financing
  Cash received as investment
       Cash received as loans                                     6,099,335,332              2,398,950,000
Other financing –related ash received                               2,546,535                   1,035,360
 Sub-total of cash inflow from financing activities               6,101,881,867              2,399,985,360
  Cash to repay debts                                             5,600,000,000              2,000,000,000
Cash paid as dividend, profit, or interests                        831,816,281                 465,720,875
Other cash paid for financing activities                             2,371,652                   2,018,021
 Sub-total of cash outflow due to financing activities            6,434,187,933              2,467,738,896
Net cash flow generated by financing                              -332,306,066                 -67,753,536
IV. Influence of exchange rate alternation on cash and cash
                                                                          -220
equivalents
V.Net increase of cash and cash equivalents                        149,246,739                  85,361,531
Add: balance of cash and cash equivalents at the beginning of
                                                                   224,504,289                 385,577,464
term
VI ..Balance of cash and cash equivalents at the end of term       373,751,028                 470,938,995
                                                                             The Third Quarterly Report 2020
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to
the new standards for financial instruments, the new standards for revenues and the new standards for
lease implemented commencing from year 2020
□ Applicable √ Not applicable
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
financial instruments and the new standards for lease implemented commencing from year 2020
□ Applicable √ Not applicable
III. Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.

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