Opinion of independent directors on derivative investments andIn view of the fact that certain raw materials of the core business of the Company are purchased overseas, a wide range of settlement currencies is involved. The Company reduces exchange
TermDefinition
Credit impairment loss7,478,55123,000,942-67.5%Asset restructuring
5.2 Items that will be reclassified to profit or loss
Total current liabilities23,603,453,291.0017,292,826,752.00
5.2.7 Other
Surplus reserves2,238,368,089.002,238,368,089.00
Net cash generated from/used in financing activities7,670,463,871.001,668,797,144.00
Borrowings obtained8,612,000,000.003,810,956,000.00
4.2 Net profit from discontinued operations (“-” for net loss)
Current liabilities:
Total non-current liabilities57,903,949,447.0057,903,949,447.00
The “Reporting Period”The period from 1 January 2020 to 31 March 2020
Cash generated from other financing activities
Current portion of non-current assets
Proceeds from disinvestment4,618,844,632.006,994,293,557.00
Net gain on exposure hedges (“-” for loss)
Advances from customers17,470,841.0080,718.00-17,390,123.00
Interest expense7,195,716.0018,216,588.00
Securities firm’s wealth management productSelf-funded115,00045,0000
2. Interest rate swaps528,09815,843581,68717,4518.830.26
Payroll payable733,687,8391,094,216,685-32.9%Payment of employee benefits
Accounts payable11,549,133,141.0011,549,133,141.00
6Net cash generated from/used in operating activities (RMB)2,299,183,4932,243,903,2412.46
investment
Retained earnings11,523,275,689.0011,115,149,885.00
Items:
Long-term prepaid expense1,567,690,992.001,567,690,992.00
Proceeds from sale of commodities and rendering of services189,757,308.00323,551,914.00
3. Consolidated Income Statement
Borrowings from the central bank741,908,082.00573,222,113.00
Central Huijin Asset Management Co., Ltd.State-owned legal person1.53206,456,500
General reserve360,766.00360,766.00
Including: Preferred shares
Long-term equity investments17,883,198,011.0017,194,284,162.00
Payroll payable125,095,153.00125,095,153.00
5.2.1 Net profit attributable to owners of the Company as the parent408,125,802.00779,088,389.00
Total liabilities and owners’ equity164,844,884,926.00164,844,884,926.00