Air China Regulatory News (AIRC)

Name of

absent director

Position of

absent director

Reason(s)

for absence

Name of proxy

Cai Jianjiang

Chairman

Business engagement

Song Zhiyong

Cao Jianxiong

Director

Business engagement

Song Zhiyong

John Robert Slosar

Director

Business engagement

Stanley Hui Hon-chung

Unit: RMB'000

At the end of the

Reporting Period

At the end of the

previous year

Increase/decrease

at the end of the

Reporting Period

as compared to

the end of the

previous year

(%)

Total assets

289,007,619

243,716,006

18.58

Net assets attributable to shareholders of the listed company

93,849,422

93,216,239

0.68

Net cash flows from operating activities

30,103,490

24,614,813

22.30

For the period

from the

beginning of the

year to the end

of the Reporting

Period

(January to

September)

For the

corresponding

period of the

 previous year

(January to

September)

Increase/

decrease as

compared to

the corresponding

period of the

previous year

(%)

Revenue

103,077,172

102,880,095

0.19

Net profit attributable to shareholders of the listed company

6,762,090

6,937,408

-2.53

Net profit attributable to shareholders of the listed company after deducting non-recurring profits and losses

6,556,791

6,526,228

0.47

Weighted average return on net assets (%)

7.45

7.68

Decreased

by 0.23 ppt

Basic earnings per share (RMB per share)

0.49

0.51

-3.92

Diluted earnings per share (RMB per share)

N/A

N/A

N/A

Gains or losses on disposal of non-current assets

26,933

22,936

Government subsidies recorded in the income statement for the current period (excluding those closely related to the Company's normal business and continuously entitled to in fixed amounts or quotas in accordance with the requirements of the state policy)

127,234

219,477

Gains or losses from changes in fair value of financial assets/liabilities held for trading and derivative financial assets/liabilities and investment gains from disposal of financial assets/liabilities held for trading and derivative financial assets/liabilities and other debt investments (except for hedging activities related to the Company's normal operating business)

237

2,263

Reversal of provision for impairment of receivables and contract asset which are individually tested for impairment

28

12,832

Gains or losses arising from disposal of long-term equity investments

-415

-415

Other non-operating income and expenses not covered above

-7,994

112,723

Effect of non-controlling shareholders' interests (after taxation)

-19,252

-74,073

Effect of income tax

-35,497

-90,444

Total

91,274

205,299

Unit: share

Total number of shareholders (account)

170,901

Particulars of the top 10 shareholders

Name of shareholder

(full name)

Number of

shares held

as at the end

of the Period

Share

holding

 percentage

Number of shares held subject to selling restrictions

Shares pledged or frozen

Nature of

shareholder

Status

Number

(%)

China National Aviation Holding Corporation Limited

5,952,236,697

40.98

513,478,818

Frozen

127,445,536

State-owned

legal person

Cathay Pacific Airways Limited

2,633,725,455

18.13

0

Nil

0

Foreign legal

person

HKSCC NOMINEES LIMITED

1,687,942,428

11.62

0

Nil

0

Foreign legal

person

China National Aviation Corporation (Group) Limited

1,556,334,920

10.72

0

Frozen

36,454,464

Foreign legal

person

China National Aviation Fuel Group Corporation

466,583,102

3.21

0

Nil

0

State-owned

legal person

China Securities Finance Corporation Limited

311,302,365

2.14

0

Nil

0

State-owned

legal person

Zhongyuan Equity Investment Management Co., Ltd.

118,455,985

0.82

0

Unknown

118,100,185

State-owned

legal person

Hong Kong Securities ClearingCompany Ltd.

47,135,304

0.32

0

Nil

0

Foreign legal

person

China Merchants Bank Co., Ltd. - Bosera CSI Central-SOEs' Structural Reform ETF

32,733,505

0.23

0

Nil

0

Others

The Industrial and Commercial Bank of China -Dong Fang Hong China Strengthen Balanced Mix Securities Investment Fund

31,220,730

0.21

0

Nil

0

Others

Particulars of the top 10 shareholders not subject to selling restrictions

Name of shareholder

Number of tradable shares held not subject to selling restrictions

Class and number of shares

Class

Number

China National Aviation Holding Corporation Limited

5,438,757,879

RMB ordinary shares

5,438,757,879

Cathay Pacific Airways Limited

2,633,725,455

Overseas listed

foreign shares

2,633,725,455

HKSCC NOMINEES LIMITED

1,687,942,428

Overseas listed

foreign shares

1,687,942,428

China National Aviation Corporation (Group) Limited

1,556,334,920

RMB ordinary shares

1,332,482,920

Overseas listed

foreign shares

223,852,000

China National Aviation Fuel Group Corporation

466,583,102

RMB ordinary shares

466,583,102

China Securities Finance Corporation Limited

311,302,365

RMB ordinary shares

311,302,365

Zhongyuan Equity Investment Management Co., Ltd.

118,455,985

RMB ordinary shares

118,455,985

Hong Kong Securities Clearing Company Ltd.

47,135,304

RMB ordinary shares

47,135,304

China Merchants Bank Co., Ltd. - Bosera CSI Central-SOEs' Structural Reform ETF

32,733,505

RMB ordinary shares

32,733,505

The Industrial and Commercial Bank of China -Dong Fang Hong China Strengthen Balanced Mix Securities Investment Fund

31,220,730

RMB ordinary shares

31,220,730

Explanation on connected relationship or action in concert among the above shareholders

China National Aviation Corporation (Group) Limited is a wholly-owned subsidiary of China National Aviation Holding Corporation Limited. Accordingly, China National Aviation Holding Corporation Limited is directly and indirectly interested in 51.70% of the shares of the Company.

Explanation of holders of preference shares withrestored voting rights and number of shares held

Nil

Unit: RMB'000

Items in consolidated balance sheet

30 September

2019

31 December

2018

Percentage

of Change

Reasons for Change

(%)

Accounts receivable

7,210,743

5,373,972

34.18

Mainly due to the increase in revenue and the impact of differences in settlement periods.

Inventories

2,510,288

1,877,494

33.70

Mainly due to the increase in aircraft expendables and work-in-progress.

Other current assets

3,000,032

4,446,630

-32.53

Mainly due to the decrease in other financial assets held by subsidiaries of the Company.

Short-term bonds payable

8,097,564

3,467,482

133.53

Mainly due to the issuance of ultra-short-term commercial papers by the Group.

Long-term loans

1,467,852

3,185,481

-53.92

Mainly because the new borrowings were less than the repaid borrowings during the Period.

Other comprehensive income

-24,836

-962,968

97.42

Mainly due to the increase in exchange difference on translation of financial statements in foreign currency during the Period.

Items in consolidated income statement

From the

beginning of

the year to

the end of

the Reporting

Period

(January to

September)

From the

beginning of

the previous

year to the end

of the previous

reporting

period

(January to

September)

Percentage

of Change

Reasons for Change

(%)

Impairment losses in respect of credit

-9,598

-285,129

96.63

Mainly due to the decrease in the reversal of impairment loss of credit during the Period as compared with the same period of the previous year.

Items in consolidatedcash flow statement

The first

three quarters

of 2019

(January to

September)

The first

three quarters

of 2018

(January to

September)

Percentage

of Change

Reasons for Change

(%)

Other cash received relating to operating activities

7,687,329

5,017,851

53.20

Mainly due to the year-on-year increase in deposits received by a subsidiary of the Group during the Period.

Cash received from investment income

388,877

250,081

55.50

Mainly due to the year-on-year increase in dividends received from joint ventures and associates during the Period.

Net cash proceeds from disposal of fixed assets and intangible assets

608,842

367,240

65.79

Mainly due to the year-on-year increase in disposal of assets during the Period.

Cash received from issueof debentures

13,004,875

6,100,000

113.19

Due to the year-on-year increase in issuance of debentures during the Period.

Cash received from borrowings

12,900,489

27,706,042

-53.44

Due to the year-on-year decrease in new borrowings during the Period.

Cash paid for repayment of borrowings

20,436,792

30,496,786

-32.99

Due to the year-on-year decrease in repayment of borrowings during the Period.

Cash paid for repayment of debentures

9,405,725

5,500,000

71.01

Due to the year-on-year increase in repayment of debentures during the Period.

Cash paid for leases

10,954,543

5,791,932

89.13

Mainly due to the impact of adopting the New Lease Standard during the Period.

Company name

Air China Limited

Legal representative

Mr. Cai Jianjiang

Date

30 October 2019

Unit: RMB'000 (Unaudited)

Items

Balance at

the end of

the Period

Balance at

the end of

the previous year

CURRENT ASSETS:

 Cash and bank

8,253,213

7,807,572

 Provisions on payables

 Contributions made

 Financial assets held-for-trading

 Financial assets at FVTPL

 Derivative financial assets

 Bills receivable

586

403

 Accounts receivable

7,210,743

5,373,972

 Receivables financing

 Prepayments

884,996

1,188,879

 Premium receivable

 Receivables on reinsurance

 Provisions for reinsurance contracts

 Other receivables

2,769,387

3,031,157

 Including: Interest receivable

Dividend receivable

 Purchase of financial assets resold

 Inventories

2,510,288

1,877,494

 Contract assets

 Held-for-sale assets

 Non-current assets due within a year

 Other current assets

3,000,032

4,446,630

Total current assets

24,629,245

23,726,107

NON-CURRENT ASSETS:

 Loans and advances

 Debt investments

 Available-for-sale financial assets

 Other debt investments

1,255,492

1,040,419

 Held-to-maturity investments

 Long-term receivables

1,163,439

1,142,235

 Long-term equity investments

16,704,978

16,540,888

 Investments in other equity instruments

216,194

270,114

 Other non-current financial assets

 Investment properties

165,442

170,942

 Fixed assets

88,390,543

160,402,819

 Construction in progress

36,690,972

32,179,581

 Biological assets for production

 Oil and gas assets

 Right-of-use assets

110,174,679

 Intangible assets

3,744,113

3,759,144

 Development expenses

 Goodwill

1,102,185

1,102,185

 Long-term deferred expenses

491,899

606,105

 Deferred tax assets

4,278,438

2,775,467

 Other non-current assets

Total non-current assets

264,378,374

219,989,899

Total assets

289,007,619

243,716,006

CURRENT LIABILITIES:

 Short-term loans

13,025,394

17,561,546

 Short-term financing bonds payable

8,097,564

3,467,482

 Borrowings from central bank

 Contributions received

 Financial liabilities held-for-trading

 Financial liabilities at fair value through profit or loss

 Derivative financial liabilities

 Bills payable

 Accounts payables

17,228,493

16,174,121

 Domestic air traffic liabilities

2,565,289

3,238,429

 International air traffic liabilities

5,696,925

5,647,845

 Receipts in advance

 Contract liabilities

1,598,631

1,301,518

 Sale of financial assets repurchased

 Deposits from clients and placements from other banks

 Brokerage payable

 Underwriting fees payable

 Employee compensations payable

2,710,013

2,806,901

 Taxes payable

1,181,370

1,428,926

 Other payables

8,818,557

7,162,819

 Including: Interest payable

Dividend payable

 Fees and commissions payable

 Amounts payable on reinsurance

 Held-for-sale liabilities

 Non-current liabilities due within a year

14,458,349

13,441,489

 Other current liabilities

Total current liabilities

75,380,585

72,231,076

NON-CURRENT LIABILITIES:

 Reserves on insurance contracts

 Long-term loans

1,467,852

3,185,481

 Debentures payable

15,398,383

12,400,000

 Including: Preference shares

Perpetual bonds

 Lease liabilities

83,061,964

 Long-term payables

4,655,925

4,208,771

 Defined benefit obligations

257,136

263,862

 Accrued liabilities

2,896,585

431,705

 Deferred income

480,940

647,973

 Deferred tax liabilities

661,123

879,372

 Obligations under finance leases

45,848,095

 Other non-current liabilities

3,037,580

3,062,739

Total non-current liabilities

111,917,488

70,927,998

Total liabilities

187,298,073

143,159,074

OWNERS' EQUITY(OR SHAREHOLDERS' EQUITY)

 Paid-up capital (or share capital)

14,524,815

14,524,815

 Other equity instruments

 Including: Preference shares

Perpetual bonds

 Capital reserve

26,270,841

26,270,841

 Less: Treasury shares

 Other comprehensive income

-24,836

-962,968

 Special reserves

 Surplus reserves

10,488,923

10,409,470

 General risk provisions

93,188

93,188

 Retained earnings

42,496,491

42,880,893

 Total owners' equity (or shareholders' equity) attributable to equity shareholders of the Company

93,849,422

93,216,239

 Non-controlling interests

7,860,124

7,340,693

Total owners' equity (or shareholders' equity)

101,709,546

100,556,932

Total liabilities and owners' equity (or shareholders' equity)

289,007,619

243,716,006

Unit: RMB'000 (Unaudited)

Items

Balance atthe end ofthe Period

Balance atthe end ofthe previous year

CURRENT ASSETS:

 Cash and bank

2,457,352

7,179,671

 Financial assets held-for-trading

 Financial assets at FVTPL

 Derivative financial assets

 Bills receivable

 Accounts receivable

6,213,330

4,399,059

 Receivables financing

 Prepayments

536,770

787,964

 Other receivables

2,144,333

1,612,383

 Including: Interest receivable

Dividend receivable

 Inventories

97,152

90,329

 Contract assets

 Held-for-sale assets

 Non-current assets due within a year

 Other current assets

1,925,917

1,986,693

Total current assets

13,374,854

16,056,099

NON-CURRENT ASSETS:

 Debt investments

 Available-for-sale financial assets

 Other debt investments

 Held-to-maturity investments

 Long-term receivables

1,023,205

477,016

 Long-term equity investments

25,912,008

24,707,500

 Investments in other equity instruments

22,783

22,783

 Other non-current financial assets

 Investment properties

 Fixed assets

63,685,101

114,433,435

 Construction in progress

24,377,865

21,300,211

 Biological assets for production

 Oil and gas assets

 Right-of-use assets

77,642,496

 Intangible assets

2,632,199

2,687,038

 Development expenses

 Goodwill

 Long-term deferred expenses

283,114

294,316

 Deferred tax assets

3,682,478

2,340,262

 Other non-current assets

Total non-current assets

199,261,249

166,262,561

Total assets

212,636,103

182,318,660

CURRENT LIABILITIES:

 Short-term loans

9,789,130

7,988,814

 Financial liabilities held-for-trading

 Financial liabilities at fair value through profit or loss

 Derivative financial liabilities

 Bills payable

 Accounts payable

13,767,720

12,793,179

 Domestic air traffic liabilities

1,945,937

2,297,562

 International air traffic liabilities

5,221,319

5,111,873

 Receipts in advance

 Contract liabilities

793,067

767,900

 Employee compensations payable

815,298

1,166,450

 Taxes payable

949,162

1,112,465

 Other payables

8,378,880

8,310,250

 Including: Interest payable

Dividend payable

 Held-for-sale liabilities

 Non-current liabilities due within a year

9,893,417

10,432,216

 Other current liabilities

Total current liabilities

51,553,930

49,980,709

NON-CURRENT LIABILITIES:

 Long-term loans

705,065

1,523,388

 Debentures payable

10,500,000

10,500,000

 Including: Preference shares

Perpetual bonds

 Lease liabilities

58,884,447

 Long-term payables

2,254,822

2,175,079

 Obligations under finance leases

30,729,202

 Defined benefit obligations

 Accrued liabilities

1,931,360

88,705

 Deferred income

350,876

371,494

 Deferred tax liabilities

 Other non-current liabilities

2,752,966

2,654,793

Total non-current liabilities

77,379,536

48,042,661

Total liabilities

128,933,466

98,023,370

OWNERS' EQUITY(OR SHAREHOLDERS' EQUITY)

 Paid-up capital (or share capital)

14,524,815

14,524,815

 Other equity instruments

 Including: Preference shares

Perpetual bonds

 Capital reserve

30,618,680

30,618,680

 Less: Treasury shares

 Other comprehensive income

345,642

206,238

 Special reserves

 Surplus reserves

10,451,817

10,372,364

 Retained earnings

27,761,683

28,573,193

Total owners' equity (or shareholders' equity)

83,702,637

84,295,290

Total liabilities and owners' equity (or shareholders' equity)

212,636,103

182,318,660

Unit: RMB'000 (Unaudited)

Items

Amounts for

the Period

(July to

September)

Amounts

for the

corresponding

period of

the previous

year (July to

September)

Amounts for

the period

from the

beginning of

the year to

the end of

the Reporting

Period

(January to

September)

Amounts for

the period

from the

beginning of

the previous

year to the

end of the

previous

reporting

period

(January to

September)

I. Total revenue from operations

37,764,085

38,637,773

103,077,172

102,880,095

Including: Operating income

37,764,085

38,637,773

103,077,172

102,880,095

Interest income

Premium earned

Fees and commission income

II. Total operating cost

34,488,027

35,341,996

97,469,922

96,918,153

Including: Operating costs

28,451,454

29,817,131

83,228,254

84,069,227

Interest expenses

Fees and commission expenses

Returned premium

Net reimbursement paid

Net amounts of provisions on insurance obligations drawn

Bonus paid on insurance policy

Reinsurance premium

Taxes and other levies

53,760

53,054

186,750

163,086

Selling expenses

1,578,760

1,687,850

4,901,152

4,750,436

General and administrative expenses

1,114,125

1,141,159

3,189,412

3,351,877

R&D expenses

48,676

20,743

135,956

61,250

Finance expenses

3,241,252

2,622,059

5,828,398

4,522,277

Including: Interest expenses

1,265,606

762,271

3,705,188

2,132,416

Interest income

40,324

52,408

103,786

112,090

Add: Other income

854,438

607,764

2,603,680

2,287,680

Investment income (loss is represented by "-" sign)

688,711

596,386

980,874

974,517

Including: Share of profits or losses of associates and joint ventures

676,159

579,678

933,921

772,454

Derecognition gains on financial assets measured at amortised cost

Exchange gains (loss is represented by "-" sign)

Gains from net exposure to hedging (loss is represented by "-" sign)

Gains from changes in fair value (loss is represented by "-" sign)

-1,735

323

Impairment loss of credit (loss is represented by "-" sign)

115

101,792

9,598

285,129

Impairment loss of assets (loss is represented by "-" sign)

-440

Gains from disposal of assets (loss is represented by "-" sign)

39,656

12,074

39,703

84,258

III. Profit from operations (loss is represented by "-" sign)

4,858,978

4,612,058

9,241,105

9,593,409

Add: Non-operating income

34,142

25,776

181,899

59,023

Less: Non-operating expenses

54,859

60,736

85,943

79,467

IV. Total profit (total loss is represented by "-" sign)

4,838,261

4,577,098

9,337,061

9,572,965

Less: Income tax expenses

731,050

848,305

1,734,258

1,947,312

V. Net profit (net loss is represented by "-" sign)

4,107,211

3,728,793

7,602,803

7,625,653

(I) Classified by continuity of operations

1. Net profit from continuing operations (net loss is represented by "-" sign)

4,107,211

3,728,793

7,602,803

7,625,653

2. Net profit from discontinued operation (net loss is represented by "-" sign)

(II) Classified by ownership of equity

1. Net profits attributable to shareholders of the Company (net loss is represented by "-" sign)

3,622,633

3,468,889

6,762,090

6,937,408

2. Net profits attributable to non-controlling interests (net loss is represented by "-" sign)

484,578

259,904

840,713

688,245

VI. Other comprehensive income after taxation

581,548

972,599

943,205

2,066,810

Other comprehensive income after taxation attributable to shareholders of the Company

563,434

949,055

939,971

2,042,501

(I) Other comprehensive income that cannot be subsequently reclassified to profit or loss

4,195

-6,634

122,723

-18,377

1. Changes arising on remeasurement of defined benefit plans

169

-6,022

2. Other comprehensive income accounted for using the equity method that cannot be reclassified to profit or loss

135,529

-1,436

3. Change in fair value of investments in other equity instruments

4,195

-6,634

-12,975

-10,919

4. Change in fair value of own credit risk

(II) Other comprehensive income that will be reclassified to profit or loss

559,239

955,689

817,248

2,060,878

1. Other comprehensive income accounted for using the equity method that may be reclassified to profit or loss

2,263

20,544

183,668

956,874

2. Change in fair value of other debt investments

1,228

2,784

357

4,791

3. Fair value gain or loss of available-for-sale financial assets

4. Amount of financial assets reclassified into other comprehensive income

5. Gains or losses arising from reclassification of held-to- maturity investments to available-for-sale financial assets

6. Credit impairment reserve for other debt investment

7. Reserve for cash flow hedging (Effective portion of profit or loss on cash flow hedge)

8. Exchange difference on translation of financial statements in foreign currency

555,748

932,361

633,223

1,099,213

9. Others

Other comprehensive income after taxation attributable to non-controlling interests

18,114

23,544

3,234

24,309

VII. Total comprehensive income

4,688,759

4,701,392

8,546,008

9,692,463

Total comprehensive income attributable to shareholders of the Company

4,186,067

4,417,944

7,702,061

8,979,909

Total comprehensive income attributable to non-controlling interests

502,692

283,448

843,947

712,554

VIII. Earnings per share:

(I) Basic earnings per share (RMB er share)

0.26

0.26

0.49

0.51

(II) Diluted earnings per share (RMB per share)

N/A

N/A

N/A

N/A

Unit: RMB'000 (Unaudited)

Items

Amounts for

the Period

(July to

September)

Amounts

for the

corresponding

period of

the previous

year (July to

September)

Amounts for

the period

from the

beginning of

the year to

the end of

the Reporting

Period

(January to

September)

Amounts for

the period

from the

beginning of

the previous

year to the

end of the

previous

reporting

period

(January to

September)

I. Revenue from operations

26,223,098

26,603,234

71,391,493

70,085,373

Less: Operating costs

19,874,736

20,425,043

57,958,834

57,259,408

Taxes and other levies

19,747

18,324

89,738

56,669

Selling expenses

1,040,901

1,263,580

3,428,987

3,577,571

General and administrative expenses

433,902

440,221

1,265,920

1,282,913

R&D expenses

36,454

11,881

100,349

36,964

Finance expenses

2,342,017

1,529,253

4,234,529

2,743,035

Including: Interest expenses

894,531

492,692

2,643,770

1,406,457

Interest income

33,626

44,282

111,339

87,474

Add: Other income

507,739

337,060

1,703,472

1,548,136

Investment income (loss is represented by "-" sign)

432,829

409,883

726,064

894,755

Including: Share of profits or losses of associates and joint ventures

431,000

373,456

462,437

707,040

Derecognition gains on financial assets measured at mortised cost

Gains from net exposure to hedging (loss is represented by "-" sign)

Gains from changes in fair value (loss is represented by "-" sign)

Impairment loss of credit (loss is represented by "-" sign)

-1,469

-3,616

Impairment loss of assets (loss is represented by "-" sign)

Gains from disposal of assets (loss is represented by "-" sign)

39,580

2,928

53,024

74,962

II. Profit from operations (loss is represented by "-" sign)

3,455,489

3,664,803

6,794,227

7,643,050

Add: Non-operating income

7,765

6,852

16,948

11,210

Less: Non-operating expenses

33,541

8,691

58,488

15,691

III. Total profit (total loss is represented by "-" sign)

3,429,713

3,662,964

6,752,687

7,638,569

Less: Income tax expenses

707,928

769,552

1,421,550

1,591,806

IV. Net profit (net loss is represented by "-" sign)

2,721,785

2,893,412

5,331,137

6,046,763

(I) Net profit from continuing operations (net loss is represented by "-" sign)

2,721,785

2,893,412

5,331,137

6,046,763

(II) Net profit from discontinued operations (net loss is represented by "-" sign)

V. Other comprehensive income after taxation, net

139,404

-1,436

(I) Other comprehensive income that cannot be subsequently reclassified to profit or loss

135,529

-1,436

1. Changes arising on remeasurement of defined benefit plans

2. Other comprehensive income accounted for using the equity method that cannot be reclassified to profit or loss

135,529

-1,436

3. Change in fair value of investments in other equity instruments

4. Change in fair value of own credit risk

(II) Other comprehensive income that will be reclassified to profit or loss

3,875

1. Other comprehensive income accounted for using the equity method that may be reclassified to profit or loss

3,875

2. Change in fair value of other debt investments

3. Gains or losses from changes in fair value of available-for-sale financial assets

4. Amount of financial assets reclassified into other comprehensive income

5. Gains or losses arising from reclassification of held-to- maturity investments to available-for-sale financial assets

6. Credit impairment reserve for other debt investment

7. Reserve for cash flow hedging (Effective portion of profit or loss on cash flow hedge)

8. Exchange difference on translation of financial statements in foreign currency

9. Others

VI. Total comprehensive income

2,721,785

2,893,412

5,470,541

6,045,327

VII. Earnings per share:

(I) Basic earnings per share (RMB per share)

(II) Diluted earnings per share (RMB per share)

Unit: RMB'000 (Unaudited)

Items

Amounts for

the period

from the

beginning of

the year to

the end of

the Reporting

Period

(January-

September)

Amounts for

the period

from the

beginning of

the previous

year to the

end of the

previous

reporting

period

(January-

September)

I. Cash flows from operating activities:

Cash received from sales of goods and provision of services

105,359,920

107,714,571

Net increase in deposits from clients and placements from banks

Net increase in borrowings from central bank

Net increase in borrowings from other financial institutions

Cash received from premiums of original insurance contracts

Net cash receipt from reinsurance operations

Net increase in reserve of the insured and investment

Cash received from interest, fees and commission

Net increase in contributions received

Net increase in cash from repurchase operations

Net cash receipt from securities trading as agent

Refund of taxes and levies

55,456

90,838

Other cash received relating to operating activities

7,687,329

5,017,851

Subtotal of cash inflows of operating activities

113,102,705

112,823,260

Cash paid for goods purchased and services received

55,037,672

59,752,837

Net increase in loans and advances to clients

Net increase in deposits in central bank and other banks

Cash paid in respect of claims under original insurance contracts

Net increase in contributions made

Cash paid for interest, fees and commissions

Cash paid for bonus paid on insurance policy

Cash paid to or on behalf of employees

18,176,175

17,185,580

Taxes and levies paid

4,628,178

5,636,907

Other cash paid relating to operating activities

5,157,190

5,633,123

 Subtotal of cash outflows from operating activities

82,999,215

88,208,447

Net cash flows from operating activities

30,103,490

24,614,813

II. Cash flows from investing activities:

Cash received from sale and redemption of investments

275,897

Recovery of the secured bank deposits

188,681

7,477

Cash received from investment income

388,877

250,081

Net cash proceeds from disposal of fixed assets, intangible assets and other long-term assets

608,842

367,240

Net cash proceeds from disposal of subsidiaries and other business units

Other cash received relating to investing activities

162,544

150,454

Subtotal of cash inflows from investing activities

1,348,944

1,051,149

Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets

10,696,300

10,020,140

Cash paid for investments

204,325

178,904

Net increase in secured loans

Net cash payments for acquisition of subsidiaries and other business units

Other cash paid relating to investing activities

1,201

177,632

 Subtotal of cash outflows from investing activities

10,901,826

10,376,676

Net cash flows from investing activities

-9,552,882

-9,325,527

III. Cash flows from financing activities:

Cash received from capital injection

400,000

Including: Cash received from capital injection of minority shareholders in subsidiaries

400,000

Cash received from borrowings

12,900,489

27,706,042

Cash received from issue of debentures

13,004,875

6,100,000

Other cash received relating to financing activities

Subtotal of cash inflows from financing activities

26,305,364

33,806,042

Cash paid for repayment of borrowings

20,436,792

30,496,786

Cash paid for repayment of debentures

9,405,725

5,500,000

Cash paid for distribution of dividends, profits or payment of interest expenses

5,307,924

4,403,925

Including: Dividends and profits paid to minority shareholders by subsidiaries

193,058

185,043

Cash paid for leases

10,954,543

5,791,932

Other cash paid relating to financing activities

 Subtotal of cash outflows from financing activities

46,104,984

46,192,643

Net cash flows from financing activities

-19,799,620

-12,386,601

IV. Effect of exchange rate changes on cash and cash equivalents

85,696

107,569

V. Net increase in cash and cash equivalents

836,684

3,010,254

Add: Balance of cash and cash equivalents as at the beginning of the period

6,763,183

5,562,907

VI. Balance of cash and cash equivalents as at the end of the period

7,599,867

8,573,161

Unit: RMB'000 (Unaudited)

Items

Amounts for

the period

from the

beginning of

the year to

the end of

the Reporting

Period

(January-

September)

Amounts for

the period

from the

beginning of

the previous

year to the

end of the

previous

reporting

period

(January-

September)

I. Cash flows from operating activities:

Cash received from sales of goods and provision of services

71,128,721

71,119,564

Refund of taxes and levies

Other cash received relating to operating activities

3,316,144

3,422,622

Subtotal of cash inflows of operating activities

74,444,865

74,542,186

Cash paid for goods purchased and services received

40,405,604

41,569,413

Cash paid to or on behalf of employees

8,661,340

8,036,437

Taxes and levies paid

2,940,642

3,187,847

Other cash paid relating to operating activities

3,722,022

4,593,937

 Subtotal of cash outflows from operating activities

55,729,608

57,387,634

Net cash flows from operating activities

18,715,257

17,154,552

II. Cash flows from investing activities:

Cash received from sale and redemption of investments

1,020,000

Cash received from investment income

413,148

328,820

Net cash proceeds from disposal of fixed assets, intangible assets and other long-term assets

1,159,052

1,041,554

Net cash proceeds from disposal of subsidiaries and other business units

Other cash received relating to investing activities

111,339

91,128

Subtotal of cash inflows from investing activities

1,683,539

2,481,502

Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets

7,557,741

7,951,473

Cash paid for investments

1,600,000

Net cash payments for acquisition of subsidiaries and other business units

Other cash paid relating to investing activities

 Subtotal of cash outflows from investing activities

9,157,741

7,951,473

Net cash flows from investing activities

-7,474,202

-5,469,971

III. Cash flows from financing activities:

Cash received from capital injection

Cash received from borrowings

11,153,800

21,088,936

Other cash received relating to financing activities

Subtotal of cash inflows from financing activities

11,153,800

21,088,936

Cash paid for repayment of borrowings

11,439,989

18,558,918

Cash paid for repayment of debentures

4,000,000

3,500,000

Cash paid for distribution of dividends, profits or payment of interest expenses

4,109,951

3,330,452

Cash paid for leases

7,585,752

4,268,662

Other cash paid relating to financing activities

 Subtotal of cash outflows from financing activities

27,135,692

29,658,032

Net cash flows from financing activities

-15,981,892

-8,569,096

IV. Effect of exchange rate changes on cash and cash equivalents

18,518

27,685

V. Net increase in cash and cash equivalents

-4,722,319

3,143,170

Add: Balance of cash and cash equivalents as at the beginning of the period

7,149,360

3,172,520

VI. Balance of cash and cash equivalents as at the end of the period

2,427,041

6,315,690

Unit: RMB'000

Items

31 December

2018

1 January

2019

Adjustment

CURRENT ASSETS:

 Cash and bank

7,807,572

7,807,572

 Provisions on payables

 Contributions made

 Financial assets held-for-trading

 Financial assets at FVTPL

 Derivative financial assets

 Bills receivable

403

403

 Accounts receivable

5,373,972

5,373,972

 Receivables financing

 Prepayments

1,188,879

629,299

-559,580

 Premium receivable

 Receivables on reinsurance

 Provisions for reinsurance contracts

 Other receivables

3,031,157

3,031,157

 Including: Interest receivable

Dividend receivable

 Purchase of financial assets resold