Report of Foreign Issuer (6-k)
October 26 2018 - 6:23AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2018
Commission File Number:
1-12158
Sinopec Shanghai Petrochemical Company Limited
(Translation of registrants name into English)
No. 48
Jinyi Road, Jinshan District, Shanghai, 200540
The Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED
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Date: October 25, 2018
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By:
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/s/ Shi Wei
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Name:
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Shi Wei
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Title:
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President
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Exhibit 99.1
(A joint stock limited company incorporated in the Peoples Republic of China)
(Stock Code: 00338)
2018 Third Quarterly Report
This announcement is published simultaneously in Shanghai and Hong Kong. This announcement is published
pursuant to the Rules Governing Listing of Stocks on Shanghai Stock Exchange in the Peoples Republic of China and pursuant to the disclosure obligations under Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited.
1. Important Message
1.1
The Board of Directors (the Board) and the Supervisory Committee of Sinopec Shanghai Petrochemical Company
Limited (the Company or SPC) as well as its directors, supervisors and senior management warrant the truthfulness, accuracy and completeness of the information contained in the 2018 third quarterly report, and warrant that
there are no false representations or misleading statements contained in or material omissions from this report and severally and jointly accept responsibility pursuant to such information.
1.2
All directors attended the twelfth meeting of the ninth session of the Board, and have considered and adopted the 2018 third
quarterly report at the meeting.
1.3
Mr. Wu Haijun, Chairman and the responsible person of the Company, Mr. Zhou
Meiyun, Executive Director, Vice President and Chief Financial Officer overseeing the accounting operations, and Mr. Zhang Feng,
person-in-charge
of Accounting
Department (Accounting Chief) and Director of Finance Department warrant the truthfulness, accuracy and completeness of the financial report contained in this third quarterly report.
1.4
The financial report of the Companys 2018 third quarterly report was prepared under the China Accounting Standards for
Business Enterprises and was unaudited.
1
2. Key Financial Data & Change in Shareholdings
2.1 Major Accounting Data
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As at the end of
the Reporting
Period
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As at the end
of the previous
year
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Increase/decrease
at the end of the
Reporting Period
as compared to the
end of the previous
year
(%)
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Total assets (RMB000)
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42,247,772
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39,609,536
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6.66
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Total equity attributable to equity shareholders of the Company (RMB000)
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29,734,305
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28,256,306
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5.23
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From the
beginning of the
year to the end of
the Reporting
Period
(January
to
September)
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From the
beginning of the
year to the end
of the Reporting
Period last year
(January
to
September)
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Increase/decrease
as compared to the
corresponding
period of the
previous year (%)
(January
to
September)
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Net cash flows generated from operating activities (RMB000)
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3,335,224
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5,068,803
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-34.20
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From the
beginning of the
year to
the end of the
Reporting Period
(January
to
September)
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From the
beginning of the
year to
the end of the
Reporting Period
last year
(January
to
September)
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Increase/decrease
as compared to the
corresponding
period of the
previous year
(%)(January
to
September)
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Revenue (RMB000)
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80,820,403
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68,157,618
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18.58
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Net profit attributable to equity shareholders of the Company (RMB000)
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4,660,414
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4,101,491
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13.63
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Net profit attributable to equity shareholders of the Company excluding
non-
recurring items (RMB000)
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4,672,075
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4,124,954
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13.26
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Return on net assets (weighted average) (%)
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15.080
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14.654
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Increased by 0.426
percentage points
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Basic earnings per share (RMB/share)
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0.431
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0.381
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13.12
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Diluted earnings per share (RMB/share)
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0.431
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0.380
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13.42
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2
Excluded
non-recurring
items and amount:
Unit: RMB000
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Item
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Amount for the
Reporting Period
(July to
September)
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Amount for the
period from the
beginning of the
year to the end of
the
Reporting
Period (January
to September)
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Net losses on disposal of
non-current
assets
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14,260
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11,403
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Tax relief and reduction with approval exceeding authority or without formal approval or of
non-recurring
nature
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Government grants recognised through profit and loss except for government grants under the
States unified standards on quota and amount entitlements and closely related to corporate business
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10,975
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56,289
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Other gain or loss items falling within the definition of exceptional items
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-31,230
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-53,841
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Employee reduction expenses
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-14,142
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-27,155
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Income from forward exchange contracts
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16,869
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18,103
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Income of investment disposal counted in the income statement
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-679
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943
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Income from external entrusted loans
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-2
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11
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Effect on minority interests (after tax)
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429
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-5,208
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Tax effect for the items above
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-5,004
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-269
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Total
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-8,524
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276
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3
2.2 Total Number of Shareholders as at the End of the Reporting Period, Top Ten Shareholders and
Shareholdings of the Top Ten Shareholders of Shares in Circulation (or Unrestricted Shares)
Unit: Share
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Total number of shareholders
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90,001
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Shareholdings of the top ten shareholders
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Name of shareholder
(in
full)
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Number of
shares held at
the end of the
Reporting
Period
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Percentage
of total
shareholding
(%)
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Number of
shares with
selling
restrictions
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Number of shares
pledged or frozen
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Type of
shareholder
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Situation of
the shares
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Number
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China Petroleum & Chemical Corporation
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5,460,000,000
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50.44
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0
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Nil
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State-owned
enterprise
legal person
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HKSCC (Nominees) Limited
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3,458,236,821
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31.95
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0
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Unknown
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Foreign
legal person
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China Securities Finance Corporation Limited
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323,632,242
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2.99
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0
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Nil
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Others
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Central Huijin Investment Ltd.
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67,655,800
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0.63
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0
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Nil
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Others
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HKSCC Limited
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57,862,847
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0.53
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0
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Nil
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Foreign
legal person
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GF Fund Agricultural Bank of China GF CSI Financial Asset Management Plan
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45,222,300
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0.42
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0
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Nil
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Others
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Dacheng Fund Agricultural Bank of China Dacheng CSI Financial Asset Management
Plan
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43,531,469
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0.40
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0
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Nil
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Others
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China Asset Fund Agricultural Bank of China China Asset CSI Financial Asset
Management Plan
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43,083,750
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0.40
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0
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Nil
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Others
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Bosera Fund Agricultural Bank of China Bosera CSI Financial Asset Management
Plan
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43,083,700
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0.40
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0
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Nil
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Others
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E Fund Agricultural Bank of China E Fund CSI Financial Asset Management
Plan
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43,083,700
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0.40
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0
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Nil
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Others
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4
Shareholdings of the top ten shareholders of Unrestricted Shares
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Name of shareholder
(in
full)
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Number of
unrestricted
shares held at
the end of the
Reporting
Period
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Number of shares pledged or frozen
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Tpye of the shares
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Number
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China Petroleum & Chemical Corporation
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5,460,000,000
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RMB ordinary shares
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5,460,000,000
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HKSCC (Nominees) Limited
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3,458,236,821
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Overseas listed foreign shares
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3,458,236,821
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China Securities Finance Corporation Limited
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323,632,242
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RMB ordinary shares
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323,632,242
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Central Huijin Investment Ltd.
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67,655,800
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RMB ordinary shares
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67,655,800
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HKSCC Limited
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57,862,847
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RMB ordinary shares
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57,862,847
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GF Fund Agricultural Bank of China GF CSI Financial Asset Management Plan
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45,222,300
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RMB ordinary shares
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45,222,300
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Dacheng Fund Agricultural Bank of China Dacheng CSI Financial Asset Management
Plan
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43,531,469
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RMB ordinary shares
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43,531,469
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China Asset Fund Agricultural Bank of China China Asset CSI Financial Asset
Management Plan
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43,083,750
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RMB ordinary shares
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43,083,750
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Bosera Fund Agricultural Bank of China Bosera CSI Financial Asset Management
Plan
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43,083,700
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RMB ordinary shares
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43,083,700
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E Fund Agricultural Bank of China E Fund CSI Financial Asset Management
Plan
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43,083,700
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RMB ordinary shares
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43,083,700
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Explanation of the connected relationship or acting in concert relationship of the above
shareholders
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Among the above-mentioned shareholders, China Petroleum & Chemical
Corporation (Sinopec Corp.), a state-owned enterprise legal person, does not
have any connected relationship with the other
shareholders, and is not an
act-in-concert
party of the other shareholders under the Administration
Measures on Acquisition of Listed Companies. Among
the above-mentioned
shareholders, HKSCC (Nominees) Limited and HKSCC Limited are nominee
shareholders. Apart from the above, the Company is not aware of any other
connected relationships among the other shareholders, or any
act-in-concert
parties under the Administration Measures on the Acquisition of Listed
Companies.
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5
3.1 Description of Substantial Changes in Major Financial Report Items and Financial Indicators of the Company
Unit: RMB000
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Item
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As at 30
September
2018
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As at 31
December
2017
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Increase/
decrease
amount
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Change
(%)
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Major reason for change
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Cash at bank and on hand
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11,615,831
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9,504,266
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2,111,565
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22.22
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Increase in profit and cash generated from operating activities in the Reporting
Period
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Other payables
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101,041
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126,545
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(25,504
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-20.15
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Withdrawal of payments against Jinyon in the Reporting Period
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Construction in progress
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1,150,693
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966,485
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184,208
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19.06
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Increase in general construction expenditure in the Reporting Period
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Staff salaries payable
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345,192
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123,959
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221,233
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178.47
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Increase in the amount of bonuses accrued in the Reporting Period
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Advances from customers
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1,000,318
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477,273
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523,045
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109.59
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The purchase amount of
non-related
parties increased at the end of the reporting period
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Unit: RMB000
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Item
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For the nine-month period
ended 30 September
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Increase/
decrease
amount
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Change
(%)
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Major reason for change
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2018
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2017
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Revenue
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80,820,403
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68,157,618
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12,662,785
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18.58
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Increase in petrochemical product prices and growth of oil sector business
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Cost of sales
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64,033,755
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51,614,139
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12,419,616
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24.06
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Increase in the cost of crude oil and other raw materials
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Net cash flow from operating activities
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3,265,184
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4,909,548
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-1,644,364
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-33.49
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The prices of major raw materials were affected by fluctuations in international oil prices
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Financial expenses net value
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208,631
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137,971
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70,660
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51.21
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Interest income increased significantly in the Reporting Period
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Investment income
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933,950
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848,278
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85,672
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10.10
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Increase in profit of SECCO in the Reporting Period
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6
4.1
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CONSOLIDATED BALANCE SHEETS
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AS AT 30 SEPTEMBER 2018
Unit: RMB000
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Items
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As at the end of the
Period
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As at the
beginning of the
year
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(unaudited)
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(audited)
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Current assets
|
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Cash at bank and on hand
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11,615,831
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9,504,266
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Notes receivable and Accounts receivable
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3,976,193
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|
3,426,439
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Including, Notes receivable
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1,160,668
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|
1,151,053
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Accounts receivable
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2,815,525
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2,275,386
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Advances to suppliers
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360,183
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27,537
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Other receivables
|
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123,352
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71,550
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Including, Interests receivable
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|
93,319
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|
52,993
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Dividend receivable
|
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|
2,775
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0
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Inventories
|
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7,045,655
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6,597,598
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Non-current
assets due within one year
|
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228,711
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|
238,661
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|
|
|
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|
|
Total current assets
|
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23,349,925
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|
19,866,051
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Non-current
assets
|
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|
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Long-term equity investments
|
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4,697,744
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4,592,044
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Investment properties
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|
380,370
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|
391,266
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Fixed assets
|
|
|
11,825,996
|
|
|
|
12,892,501
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Construction in progress
|
|
|
1,185,997
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|
|
|
1,001,118
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Intangible assets
|
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|
384,359
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|
|
|
397,661
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Long-term prepaid expenses
|
|
|
310,738
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|
|
|
349,588
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Deferred tax assets
|
|
|
112,643
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|
|
|
119,307
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|
|
|
|
|
|
|
|
|
|
Total
non-current
assets
|
|
|
18,897,847
|
|
|
|
19,743,485
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|
|
|
|
|
|
|
|
|
|
Total assets
|
|
|
42,247,772
|
|
|
|
39,609,536
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7
CONSOLIDATED BALANCE SHEETS (CONTINUED)
AS AT 30 SEPTEMBER 2018
Unit: RMB000
|
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|
|
|
|
|
|
Items
|
|
As at the end of the
Period
|
|
|
As at the
beginning of the
year
|
|
|
|
(unaudited)
|
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(audited)
|
|
Current liabilities
|
|
|
|
|
|
|
|
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Short-term borrowings
|
|
|
1,866,355
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|
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606,157
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Financial liabilities measured at fair value through profit or loss
|
|
|
0
|
|
|
|
1,516
|
|
Notes payable and Accounts payable
|
|
|
5,912,269
|
|
|
|
5,573,281
|
|
Advances from customers
|
|
|
1,000,318
|
|
|
|
477,273
|
|
Employee benefits payable
|
|
|
345,192
|
|
|
|
123,959
|
|
Taxes payable
|
|
|
1,863,972
|
|
|
|
3,290,036
|
|
Other payables
|
|
|
1,097,521
|
|
|
|
850,022
|
|
Including, Interest payable
|
|
|
2,040
|
|
|
|
864
|
|
Dividends payable
|
|
|
26,872
|
|
|
|
23,686
|
|
Non-current
liabilities due within one year
|
|
|
851
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
12,086,478
|
|
|
|
10,922,244
|
|
|
|
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
|
|
|
Deferred revenue
|
|
|
143,379
|
|
|
|
145,679
|
|
|
|
|
|
|
|
|
|
|
Total
non-current
liabilities
|
|
|
143,379
|
|
|
|
145,679
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
12,229,857
|
|
|
|
11,067,923
|
|
|
|
|
|
|
|
|
|
|
Shareholders equity
|
|
|
|
|
|
|
|
|
Share capital
|
|
|
10,823,814
|
|
|
|
10,814,177
|
|
Capital surplus
|
|
|
615,761
|
|
|
|
586,307
|
|
Other comprehensive income
|
|
|
12,341
|
|
|
|
17,403
|
|
Specific reserve
|
|
|
30,700
|
|
|
|
0
|
|
Surplus reserve
|
|
|
5,727,624
|
|
|
|
5,727,624
|
|
Undistributed profits
|
|
|
12,524,065
|
|
|
|
11,110,795
|
|
Total equity attributable to equity shareholders of the Company
|
|
|
29,734,305
|
|
|
|
28,256,306
|
|
Minority interests
|
|
|
283,610
|
|
|
|
285,307
|
|
|
|
|
|
|
|
|
|
|
Total shareholders equity
|
|
|
30,017,915
|
|
|
|
28,541,613
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders equity
|
|
|
42,247,772
|
|
|
|
39,609,536
|
|
|
|
|
|
|
|
|
|
|
8
COMPANY BALANCE SHEETS
AS AT 30 SEPTEMBER 2018
Unit:
RMB000
|
|
|
|
|
|
|
|
|
Items
|
|
As at the end of the
Period
|
|
|
As at the beginning
of the year
|
|
|
|
(unaudited)
|
|
|
(audited)
|
|
Current assets
|
|
|
|
|
|
|
|
|
Cash at bank and on hand
|
|
|
10,213,472
|
|
|
|
8,268,493
|
|
Notes receivable and Accounts receivable
|
|
|
2,584,782
|
|
|
|
2,573,172
|
|
Including, Notes receivable
|
|
|
950,573
|
|
|
|
815,227
|
|
Accounts receivable
|
|
|
1,634,209
|
|
|
|
1,757,945
|
|
Advances to suppliers
|
|
|
351,016
|
|
|
|
20,931
|
|
Other receivables
|
|
|
101,042
|
|
|
|
126,546
|
|
Including, Interests receivable
|
|
|
92,194
|
|
|
|
51,115
|
|
Inventories
|
|
|
6,175,599
|
|
|
|
5,971,505
|
|
Non-current
assets due within one year
|
|
|
195,081
|
|
|
|
212,834
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
19,620,992
|
|
|
|
17,173,481
|
|
|
|
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
|
|
|
Long-term equity investments
|
|
|
5,820,446
|
|
|
|
5,711,216
|
|
Investment properties
|
|
|
412,549
|
|
|
|
423,941
|
|
Fixed assets
|
|
|
11,595,783
|
|
|
|
12,644,706
|
|
Construction in progress
|
|
|
1,185,997
|
|
|
|
1,000,924
|
|
Intangible assets
|
|
|
323,037
|
|
|
|
332,518
|
|
Long-term prepaid expenses
|
|
|
301,002
|
|
|
|
338,837
|
|
Deferred tax assets
|
|
|
100,891
|
|
|
|
111,929
|
|
|
|
|
|
|
|
|
|
|
Total
non-current
assets
|
|
|
19,739,705
|
|
|
|
20,564,071
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
|
39,360,697
|
|
|
|
37,737,552
|
|
|
|
|
|
|
|
|
|
|
9
COMPANY BALANCE SHEETS (CONTINUED)
AS AT 30 SEPTEMBER 2018
Unit: RMB000
|
|
|
|
|
|
|
|
|
Items
|
|
As at the end of the
Period
|
|
|
As at the beginning
of the year
|
|
|
|
(unaudited)
|
|
|
(audited)
|
|
Current liabilities
|
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
|
1,762,655
|
|
|
|
518,000
|
|
Financial liabilities measured at fair value through profit or loss
|
|
|
|
|
|
|
|
|
Notes payable and Accounts payable
|
|
|
3,626,437
|
|
|
|
4,129,720
|
|
Advances from customers
|
|
|
932,147
|
|
|
|
407,092
|
|
Employee benefits payable
|
|
|
334,207
|
|
|
|
30,411
|
|
Taxes payable
|
|
|
1,851,125
|
|
|
|
3,240,971
|
|
Other payables
|
|
|
958,306
|
|
|
|
977,203
|
|
Including, Interest payable
|
|
|
1,517
|
|
|
|
738
|
|
Dividends payable
|
|
|
26,872
|
|
|
|
23,686
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
9,464,877
|
|
|
|
9,303,397
|
|
|
|
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
|
|
|
Deferred revenue
|
|
|
143,379
|
|
|
|
145,679
|
|
|
|
|
|
|
|
|
|
|
Total
non-current
liabilities
|
|
|
143,379
|
|
|
|
145,679
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
9,608,256
|
|
|
|
9,449,076
|
|
|
|
|
|
|
|
|
|
|
Shareholders equity
|
|
|
|
|
|
|
|
|
Share capital
|
|
|
10,823,814
|
|
|
|
10,814,177
|
|
Capital surplus
|
|
|
615,761
|
|
|
|
586,307
|
|
Other comprehensive income
|
|
|
12,341
|
|
|
|
17,403
|
|
Specific reserve
|
|
|
30,700
|
|
|
|
0
|
|
Surplus reserve
|
|
|
5,727,625
|
|
|
|
5,727,624
|
|
Undistributed profits
|
|
|
12,542,200
|
|
|
|
11,142,965
|
|
|
|
|
|
|
|
|
|
|
Total shareholders equity
|
|
|
29,752,441
|
|
|
|
28,288,476
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders equity
|
|
|
39,360,697
|
|
|
|
37,737,552
|
|
|
|
|
|
|
|
|
|
|
10
4.2
|
CONSOLIDATED INCOME STATEMENTS
|
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Nine months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Total Revenue
|
|
|
80,820,403
|
|
|
|
68,157,618
|
|
Including: Revenue
|
|
|
80,820,403
|
|
|
|
68,157,618
|
|
Total cost
|
|
|
75,802,703
|
|
|
|
63,795,370
|
|
Including: Cost of sales
|
|
|
64,033,755
|
|
|
|
51,614,139
|
|
Taxes and surcharges
|
|
|
9,137,920
|
|
|
|
9,576,364
|
|
Selling and distribution expenses
|
|
|
389,205
|
|
|
|
347,316
|
|
General and administrative expenses
|
|
|
2,367,112
|
|
|
|
2,309,150
|
|
Financial expenses
|
|
|
-208,631
|
|
|
|
-137,971
|
|
Asset impairment losses
|
|
|
83,342
|
|
|
|
86,372
|
|
Add: Other income
|
|
|
21,962
|
|
|
|
25,705
|
|
Investment income(- to indicate loss)
|
|
|
933,950
|
|
|
|
848,278
|
|
Including: Share of income of associates and joint ventures
|
|
|
914,904
|
|
|
|
837,840
|
|
Change in fair value gains (- to indicate loss)
|
|
|
1,516
|
|
|
|
0
|
|
Asset disposal income (- to indicate loss)
|
|
|
-11,403
|
|
|
|
-6,939
|
|
|
|
|
|
|
|
|
|
|
Operating profit
(- to indicate loss)
|
|
|
5,963,725
|
|
|
|
5,229,292
|
|
|
|
|
|
|
|
|
|
|
Add:
Non-operating
income
|
|
|
40,154
|
|
|
|
10,880
|
|
Less:
Non-operating
expenses
|
|
|
59,667
|
|
|
|
38,369
|
|
Total profit
(- to indicate loss)
|
|
|
5,944,212
|
|
|
|
5,201,803
|
|
Less: Income tax expenses
|
|
|
1,279,038
|
|
|
|
1,090,809
|
|
Net Profit
(- to indicate loss)
|
|
|
4,665,174
|
|
|
|
4,110,994
|
|
Classified by continuity of operations
|
|
|
|
|
|
|
|
|
Net profit from continuing operation (- to indicate loss)
|
|
|
4,665,174
|
|
|
|
4,110,994
|
|
Classified by ownership of the equity
|
|
|
|
|
|
|
|
|
Attributable to equity shareholders of the Company
|
|
|
4,660,414
|
|
|
|
4,101,491
|
|
Minority interests
|
|
|
4,760
|
|
|
|
9,503
|
|
Other comprehensive income, net of tax
|
|
|
-5,063
|
|
|
|
-552
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
4,660,111
|
|
|
|
4,110,442
|
|
|
|
|
|
|
|
|
|
|
Attributable to equity shareholders of the
Company
|
|
|
4,655,351
|
|
|
|
4,100,939
|
|
Minority interests
|
|
|
4,760
|
|
|
|
9,503
|
|
Earnings per share
|
|
|
Unit: RMB
|
|
Basic earnings per share (RMB)
|
|
|
0.431
|
|
|
|
0.381
|
|
Diluted earnings per share (RMB)
|
|
|
0.431
|
|
|
|
0.380
|
|
11
COMPANY INCOME STATEMENTS
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Nine months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Revenue
|
|
|
59,398,025
|
|
|
|
48,632,557
|
|
Less: Cost of sales
|
|
|
42,820,226
|
|
|
|
32,269,533
|
|
Taxes and surcharges
|
|
|
9,119,957
|
|
|
|
9,559,562
|
|
Selling and distribution expenses
|
|
|
310,364
|
|
|
|
274,010
|
|
General and administrative expenses
|
|
|
2,270,227
|
|
|
|
2,206,250
|
|
Financial expenses - net
|
|
|
-242,124
|
|
|
|
-140,126
|
|
Asset impairment losses
|
|
|
68,150
|
|
|
|
100,412
|
|
Add: Other income
|
|
|
18,485
|
|
|
|
22,444
|
|
Investment income (- to indicate loss)
|
|
|
882,898
|
|
|
|
810,124
|
|
Including: Share of income of associates and joint ventures
|
|
|
872,799
|
|
|
|
803,391
|
|
Asset disposal income(- to indicate loss)
|
|
|
-11,439
|
|
|
|
-7,464
|
|
Operating profit
(- to indicate loss)
|
|
|
5,941,169
|
|
|
|
5,188,020
|
|
Add:
Non-operating
income
|
|
|
13,789
|
|
|
|
9,533
|
|
Less:
Non-operating
expenses
|
|
|
37,107
|
|
|
|
38,174
|
|
Total profit
(- to indicate loss)
|
|
|
5,917,851
|
|
|
|
5,159,379
|
|
Less: Income tax expenses
|
|
|
1,271,473
|
|
|
|
1,078,357
|
|
Net Profit
(- to indicate loss)
|
|
|
4,646,378
|
|
|
|
4,081,022
|
|
Net profit from continuing operation (- to indicate loss)
|
|
|
4,646,378
|
|
|
|
4,081,022
|
|
Other comprehensive income, net of tax
|
|
|
-5,063
|
|
|
|
-552
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
4,641,315
|
|
|
|
4,080,470
|
|
|
|
|
|
|
|
|
|
|
12
CONSOLIDATED INCOME STATEMENTS
FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Three months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Total Revenue
|
|
|
28,632,763
|
|
|
|
25,050,668
|
|
Including: Revenue
|
|
|
28,632,763
|
|
|
|
25,050,668
|
|
Total cost
|
|
|
27,465,116
|
|
|
|
23,364,990
|
|
Including: Cost of sales
|
|
|
23,325,924
|
|
|
|
18,772,168
|
|
Taxes and surcharges
|
|
|
3,023,482
|
|
|
|
3,571,091
|
|
Selling and distribution expenses
|
|
|
117,759
|
|
|
|
124,542
|
|
General and administrative expenses
|
|
|
959,223
|
|
|
|
896,091
|
|
Financial expenses
|
|
|
-34,414
|
|
|
|
-49,132
|
|
Asset impairment losses
|
|
|
73,142
|
|
|
|
50,230
|
|
Add: Other income
|
|
|
8,410
|
|
|
|
25,705
|
|
Investment income(- to indicate loss)
|
|
|
297,992
|
|
|
|
288,210
|
|
Including: Share of income of associates and joint ventures
|
|
|
272,502
|
|
|
|
277,772
|
|
Change in fair value gains(- to indicate loss)
|
|
|
-7,784
|
|
|
|
0
|
|
Asset disposal income(- to indicate loss)
|
|
|
-8,546
|
|
|
|
-1,809
|
|
Operating profit
(- to indicate loss)
|
|
|
1,457,719
|
|
|
|
1,997,784
|
|
Add:
Non-operating
income
|
|
|
8,010
|
|
|
|
-22,083
|
|
Less:
Non-operating
expenses
|
|
|
36,674
|
|
|
|
25,124
|
|
|
|
|
|
|
|
|
|
|
Total profit
(- to indicate loss)
|
|
|
1,429,055
|
|
|
|
1,950,577
|
|
|
|
|
|
|
|
|
|
|
Less: Income tax expenses
|
|
|
295,366
|
|
|
|
419,736
|
|
Net Profit
(- to indicate loss)
|
|
|
1,133,689
|
|
|
|
1,530,841
|
|
Classified by continuity of operations
|
|
|
|
|
|
|
|
|
Net profit from continuing operation (- to indicate loss)
|
|
|
1,133,689
|
|
|
|
1,530,841
|
|
Classified by ownership of the equity
|
|
|
|
|
|
|
|
|
Attributable to equity shareholders of the Company
|
|
|
1,136,283
|
|
|
|
1,526,012
|
|
Minority interests
|
|
|
-2,594
|
|
|
|
4,829
|
|
Other comprehensive income, net of tax
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
1,133,689
|
|
|
|
1,530,841
|
|
|
|
|
|
|
|
|
|
|
Attributable to equity shareholders of the Company
|
|
|
1,136,283
|
|
|
|
1,526,012
|
|
Attributable to minority shareholders
|
|
|
-2,594
|
|
|
|
4,829
|
|
Earnings per share
|
|
|
Unit: RMB
|
|
Basic earnings per share (RMB)
|
|
|
0.105
|
|
|
|
0.142
|
|
Diluted earnings per share (RMB)
|
|
|
0.105
|
|
|
|
0.142
|
|
13
COMPANY INCOME STATEMENTS
FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Three months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Revenue
|
|
|
20,422,494
|
|
|
|
18,094,113
|
|
Less: Cost of sales
|
|
|
15,178,561
|
|
|
|
11,881,961
|
|
Taxes and surcharges
|
|
|
3,017,357
|
|
|
|
3,563,923
|
|
Selling and distribution expenses
|
|
|
98,709
|
|
|
|
99,810
|
|
General and administrative expenses
|
|
|
925,613
|
|
|
|
861,309
|
|
Financial expenses - net
|
|
|
-63,455
|
|
|
|
-48,104
|
|
Asset impairment losses
|
|
|
57,950
|
|
|
|
50,230
|
|
Add: Other income
|
|
|
6,704
|
|
|
|
22,444
|
|
Investment income(- to indicate loss)
|
|
|
262,976
|
|
|
|
270,897
|
|
Including: Share of income of associates and joint ventures
|
|
|
262,976
|
|
|
|
264,164
|
|
Asset disposal income(- to indicate loss)
|
|
|
-8,546
|
|
|
|
-2,107
|
|
Operating profit
(- to indicate loss)
|
|
|
1,468,893
|
|
|
|
1,976,218
|
|
Add:
Non-operating
income
|
|
|
7,789
|
|
|
|
-19,024
|
|
Less:
Non-operating
expenses
|
|
|
25,321
|
|
|
|
25,295
|
|
|
|
|
|
|
|
|
|
|
Total profit
(- to indicate loss)
|
|
|
1,451,361
|
|
|
|
1,931,899
|
|
|
|
|
|
|
|
|
|
|
Less: Income tax expenses
|
|
|
296,920
|
|
|
|
414,722
|
|
Net Profit
(- to indicate loss)
|
|
|
1,154,441
|
|
|
|
1,517,177
|
|
Net profit from continuing operation (- to indicate loss)
|
|
|
1,154,441
|
|
|
|
1,517,177
|
|
Other comprehensive income, net of tax
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
1,154,441
|
|
|
|
1,517,177
|
|
|
|
|
|
|
|
|
|
|
14
4.3
|
CONSOLIDATED CASH FLOW STATEMENTS
|
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Nine months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Cash flows from operating activities
|
|
|
|
|
|
|
|
|
Cash received from sales of goods or rendering of services
|
|
|
88,657,753
|
|
|
|
75,576,811
|
|
Refund of taxes and surcharges
|
|
|
53,650
|
|
|
|
71,688
|
|
Cash received relating to other operating activities
|
|
|
49,317
|
|
|
|
29,735
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash inflows
|
|
|
88,760,720
|
|
|
|
75,678,234
|
|
|
|
|
|
|
|
|
|
|
Cash paid for goods and services
|
|
|
69,932,197
|
|
|
|
55,904,482
|
|
Cash paid to and on behalf of employees
|
|
|
1,836,820
|
|
|
|
1,691,162
|
|
Payments of taxes and surcharges
|
|
|
13,315,993
|
|
|
|
12,623,839
|
|
Cash paid relating to other operating activities
|
|
|
340,486
|
|
|
|
389,948
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash outflows
|
|
|
85,425,496
|
|
|
|
70,609,431
|
|
|
|
|
|
|
|
|
|
|
Net cash flows generated from operating activities
|
|
|
3,335,224
|
|
|
|
5,068,803
|
|
Cash flows from investing activities
|
|
|
|
|
|
|
|
|
Cash received from entrusted lending
|
|
|
12,000
|
|
|
|
48,000
|
|
Cash received from returns on investments
|
|
|
811,442
|
|
|
|
479,632
|
|
Net cash received from disposal of fixed assets, intangible assets and other long-term
assets
|
|
|
210,585
|
|
|
|
1,848
|
|
Proceeds from disposal of subsidiary and other business entities
|
|
|
9,600
|
|
|
|
641,365
|
|
Cash received relating to other investing activities
|
|
|
3,299,675
|
|
|
|
10,438
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash inflows
|
|
|
4,343,302
|
|
|
|
1,181,283
|
|
|
|
|
|
|
|
|
|
|
Cash paid to acquire fixed assets, intangible assets and other long-term assets
|
|
|
569,996
|
|
|
|
772,187
|
|
Cash paid to entrusted lending
|
|
|
21,304
|
|
|
|
12,000
|
|
Cash paid to other related investment activities
|
|
|
2,781,897
|
|
|
|
1,500,000
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash outflows
|
|
|
3,373,197
|
|
|
|
2,284,187
|
|
|
|
|
|
|
|
|
|
|
Net cash flows generated from investing activities
|
|
|
970,105
|
|
|
|
-1,102,904
|
|
15
CONSOLIDATED CASH FLOW STATEMENTS (Continue)
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Nine months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Cash flows from financing activities
|
|
|
|
|
|
|
|
|
Cash received from the investment
|
|
|
37,102
|
|
|
|
54,580
|
|
Including: cash inflows from minority investment in subsidiaries
|
|
|
0
|
|
|
|
54,580
|
|
Cash received from borrowings
|
|
|
2,519,859
|
|
|
|
111,647
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash inflows
|
|
|
2,556,961
|
|
|
|
166,227
|
|
|
|
|
|
|
|
|
|
|
Cash repayments of borrowings
|
|
|
1,261,157
|
|
|
|
59,422
|
|
Cash paid for distribution of dividends or profits and interest expenses
|
|
|
3,306,554
|
|
|
|
2,717,134
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash outflows
|
|
|
4,567,711
|
|
|
|
2,776,556
|
|
|
|
|
|
|
|
|
|
|
Net cash flows generated from financing activities
|
|
|
-2,010,750
|
|
|
|
-2,610,329
|
|
Effect of foreign exchange rate changes on cash and cash equivalents
|
|
|
16,986
|
|
|
|
-3,263
|
|
Net increase in cash and cash equivalents
|
|
|
2,311,565
|
|
|
|
1,352,307
|
|
Add: Cash and cash equivalents at beginning of the period
|
|
|
7,504,266
|
|
|
|
5,440,623
|
|
Cash and cash equivalents at end of the period
|
|
|
9,815,831
|
|
|
|
6,792,930
|
|
16
CASH FLOW STATEMENTS
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Nine months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Cash flows from operating activities
|
|
|
|
|
|
|
|
|
Cash received from sales of goods or rendering of services
|
|
|
67,070,300
|
|
|
|
55,130,684
|
|
Refund of taxes and surcharges
|
|
|
9,886
|
|
|
|
23,383
|
|
Cash received relating to other operating activities
|
|
|
20,088
|
|
|
|
24,477
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash inflows
|
|
|
67,100,274
|
|
|
|
55,178,544
|
|
|
|
|
|
|
|
|
|
|
Cash paid for goods and services
|
|
|
48,402,777
|
|
|
|
35,542,670
|
|
Cash paid to and on behalf of employees
|
|
|
1,629,076
|
|
|
|
1,569,002
|
|
Payments of taxes and surcharges
|
|
|
13,270,521
|
|
|
|
12,567,177
|
|
Cash paid relating to other operating activities
|
|
|
296,541
|
|
|
|
414,158
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash outflows
|
|
|
63,598,915
|
|
|
|
50,093,007
|
|
|
|
|
|
|
|
|
|
|
Net cash flows generated from operating activities
|
|
|
3,501,359
|
|
|
|
5,085,537
|
|
Cash flows from investing activities
|
|
|
|
|
|
|
|
|
Cash received from returns on investments
|
|
|
768,606
|
|
|
|
448,131
|
|
Net cash received from disposal of fixed assets, intangible assets and other long-term
assets
|
|
|
3,705
|
|
|
|
1,129
|
|
Cash received relating to other investing activities
|
|
|
3,272,662
|
|
|
|
625,353
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash inflows
|
|
|
4,044,973
|
|
|
|
1,074,613
|
|
|
|
|
|
|
|
|
|
|
Cash paid to acquire fixed assets, intangible assets and other long-term assets
|
|
|
584,517
|
|
|
|
771,229
|
|
Cash paid to other related investment activities
|
|
|
2,800,000
|
|
|
|
1,500,000
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash outflows
|
|
|
3,384,517
|
|
|
|
2,271,229
|
|
|
|
|
|
|
|
|
|
|
Net cash flows used in investing activities
|
|
|
660,456
|
|
|
|
-1,196,616
|
|
17
CASH FLOW STATEMENTS (Continue)
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018 (Unaudited)
Unit: RMB000
|
|
|
|
|
|
|
|
|
|
|
Nine months ended 30 September
|
|
Items
|
|
2018
|
|
|
2017
|
|
Cash flows from financing activities
|
|
|
|
|
|
|
|
|
Cash received from the investment
|
|
|
37,102
|
|
|
|
54,580
|
|
Cash received from borrowings
|
|
|
2,421,159
|
|
|
|
18,000
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash inflows
|
|
|
2,458,261
|
|
|
|
72,580
|
|
|
|
|
|
|
|
|
|
|
Cash repayments of borrowings
|
|
|
1,178,000
|
|
|
|
72,000
|
|
Cash paid for distribution of dividends or profits and interest expenses
|
|
|
3,297,097
|
|
|
|
2,708,824
|
|
|
|
|
|
|
|
|
|
|
Sub-total
of cash outflows
|
|
|
4,475,097
|
|
|
|
2,780,824
|
|
|
|
|
|
|
|
|
|
|
Net cash flows used in financing activities
|
|
|
-2,016,836
|
|
|
|
-2,708,244
|
|
Effect of foreign exchange rate changes on cash and cash equivalents
|
|
|
0
|
|
|
|
-562
|
|
Net increase in cash and cash equivalents
|
|
|
2,144,979
|
|
|
|
1,180,115
|
|
Add: Cash and cash equivalents at beginning of the period
|
|
|
6,268,493
|
|
|
|
4,421,143
|
|
Cash and cash equivalents at end of the period
|
|
|
8,413,472
|
|
|
|
5,601,258
|
|
|
By Order of the Board
Sinopec Shanghai Petrochemical Company Limited
Guo Xiaojun
Joint Company
Secretary
|
Shanghai, the PRC, 25 October 2018
18
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