[三季报]深物业B:2021年第三季度报告（英文版）
原标题:深物业B:2021年第三季度报告（英文版） Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2021-41 SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT (GROUP) LTD. THIRD QUARTERLY REPORT 2021 ShenZhen Properties & Resources Development (Group) Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions. Important Notes: 1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior management of the Company hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents. 2. The Company’s legal representative, head of financial affairs, and head of the financial department (equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete. 3. Indicate whether the financial statements in this Report have been audited by an independent auditor. □Yes √ No I Key Financial Information (I) Key Accounting Data and Financial Indicators Indicate whether there is any retrospectively restated datum in the table below. □ Yes √ No Q3 2021 YoY change (%) Q1-Q3 2021 YoY change (%) Operating revenue (RMB) 640,625,548.94 92.60% 3,181,490,688.19 81.42% Net profit attributable to the listed company’s shareholders (RMB) 98,290,796.67 602.63% 774,666,320.42 302.61% Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) 97,412,536.02 596.54% 767,271,027.23 303.42% Net cash generated from/used in operating activities (RMB) —— —— -543,010,578.00 -19.93% Basic earnings per share (RMB/share) 0.1649 602.74% 1.2998 302.54% Diluted earnings per share (RMB/share) 0.1649 602.74% 1.2998 302.54% Weighted average return on equity (%) 2.34% 2.96% 19.47% 13.75% 30 September 2021 31 December 2020 Change (%) Total assets (RMB) 13,943,431,527.25 12,207,356,912.54 14.22% Equity attributable to the listed company’s shareholders (RMB) 4,257,833,837.26 3,727,917,440.03 14.21% (II) Exceptional Gains and Losses √ Applicable □ Not applicable Unit: RMB Item Q3 2021 Q1-Q3 2021 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) -10,950.00 -25,398.90 Scrapping disposal of miscellaneous assets Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards) 124,374.48 350,456.49 Subsidy of substituting vocational training with working and subsidy for stabilizing posts received from government Gain/Loss incurred from contingency unrelated to the Company’s normal operating businesses. 0.00 -114,571.79 Payment of lawsuit-related compensation Non-operating income and expense other than the above 974,984.02 9,036,208.35 Demolition compensation received Less: Income tax effects 209,961.85 2,046,501.38 Non-controlling interests effects (net of tax) 186.00 -195,100.42 Total 878,260.65 7,395,293.19 -- Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable No such cases in the Reporting Period. Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items: □ Applicable √ Not applicable No such cases in the Reporting Period. (III) Changes in Key Financial Statement Line Items and Explanation of why √ Applicable □ Not applicable 1. Accounts receivable stood at RMB280,305,194.87 as at 30 September 2021, up 49.34% compared to 31 December 2020, primarily driven by an increase in property management revenue. 2. Prepayments stood at RMB81,332,572.95 as at 30 September 2021, up 60.92% compared to 31 December 2020, primarily driven by an increase in prepayments for engineering services. 3. Inventories stood at RMB7,491,518,350.13 as at 30 September 2021, up 41.02% compared to 31 December 2020, primarily driven by an increase in land bank. 4. Long-term prepaid expense stood at RMB18,613,574.71 as at 30 September 2021, up 56.91% compared to 31 December 2020, primarily driven by an increase in decoration expenditures. 5. Deferred income tax assets stood at RMB1,313,347,404.44 as at 30 September 2021, up 38.15% compared to 31 December 2020, primarily driven by an increase in provision for land value-added tax. 6. Other non-current assets stood at RMB3,090,363.35 as at 30 September 2021, up 97.58% compared to 31 December 2020, primarily driven by an increase in expenditures on the construction and acquisition of long-lived assets. 7. Advances from customers stood at RMB1,060,418 as at 30 September 2021, up 124.06% compared to 31 December 2020, primarily driven by an increase in rents received. 8. Contract liabilities stood at RMB1,369,958,701.35 as at 30 September 2021, up 105.42% compared to 31 December 2020, primarily driven by an increase in advances received in the pre-sale of residential units. 9. Current portion of non-current liabilities stood at RMB67,002,418.06 as at 30 September 2021, up 82.45% compared to 31 December 2020, primarily driven by an increase in bank loans due within one year. 10. Other current liabilities stood at RMB77,860,950.08 as at 30 September 2021, up 79.59% compared to 31 December 2020, primarily driven by an increase in differences between prices and taxable amounts with respect to contract liabilities. 11. Provisions stood at RMB1,413,049.50 as at 30 September 2021, down 41.05% compared to 31 December 2020, primarily driven by payment according to court judgment. 12. Operating revenue stood at RMB3,181,490,688.19 during Q1~Q3 2021, up 81.42% compared to Q1~Q3 2020, primarily driven by an increase in carryforwards of revenue from real estate projects. 13. Taxes and levies stood at RMB935,246,313.19 during Q1~Q3 2021, up 126.55% compared to Q1~Q3 2020, primarily driven by an increase in provision for land value-added tax. 14. Selling expense stood at RMB38,619,575.61 during Q1~Q3 2021, up 68.33% compared to Q1~Q3 2020, primarily driven by an increase in sales promotion and agent expense. 15. Interest expense stood at RMB54,703,527.86 during Q1~Q3 2021, down 59.26% compared to Q1~Q3 2020, primarily driven by an increase in capitalized interest. 16. Asset impairment losses stood at RMB14,735.82 during Q1~Q3 2021, up 703.96% compared to Q1~Q3 2020, primarily driven by a decrease in inventory valuation allowances. 17. Credit impairment losses stood at RMB-6,885,600.31 during Q1~Q3 2021, down 691.91% compared to Q1~Q3 2020, primarily driven by a decrease in allowances for doubtful accounts. 18. Return on investment stood at RMB4,070,956.16 during Q1~Q3 2021, up 2008.54% compared to Q1~Q3 2020, primarily driven by an increase in net profits of joint ventures. 19. Non-operating income stood at RMB11,820,776.71 during Q1~Q3 2021, up 141.02% compared to Q1~Q3 2020, primarily driven by an increase in property demolition compensation income. 20. Income tax expense stood at RMB216,928,658.27 during Q1~Q3 2021, up 133.91% compared to Q1~Q3 2020, primarily driven by an increase in gross profit. 21. Gain on fair value changes of investments in other equity instruments stood at RMB155,048.91 during Q1~Q3 2021, up 127.25% compared to Q1~Q3 2020, primarily driven by fair value changes. 22. Net cash generated from/used in operating activities stood at RMB-543,010,578 during Q1~Q3 2021, representing a decrease of RMB90,243,620.82 compared to RMB-452,766,957.18 during Q1~Q3 2020, primarily driven by the payment for land and an increase in property sales payments collected. 23. Net cash generated from/used in investing activities stood at RMB-16,727,397.68 during Q1~Q3 2021, representing an increase of RMB477,472,399.59 compared to RMB-494,199,797.27 during Q1~Q3 2020, primarily driven by the payment for the acquisition of interest in other company in the same period of last year. 24. Net cash generated from/used in financing activities stood at RMB-386,860,067.44 during Q1~Q3 2021, representing a decrease of RMB2,204,396,442.64 compared to RMB1,817,536,375.20 during Q1~Q3 2020, primarily driven by additional bank loan in the same period of last year. II Shareholder Information (I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit: share Number of ordinary shareholders at the period-end 46,351 Number of preferred shareholders with resumed voting rights at the period-end (if any) 0 Top 10 shareholders Name of shareholder Nature of shareholder Shareholding Total shares held Restricted shares held Shares in pledge, marked or frozen percentage Status Shares Shenzhen Investment Holdings Corporation State-owned corporation 50.57% 301,414,637 3,326 Shenzhen State-Owned Equity Operation and Management Co., Ltd. Domestic non-state-owned legal person 6.38% 38,037,890 0 China Orient Asset Management Co., Ltd. State-owned legal person 3.90% 23,236,400 0 Hong Kong Securities Clearing Company Ltd. Foreign legal person 0.99% 5,906,124 0 Duan Shaoteng Domestic natural person 0.29% 1,755,565 0 Shenzhen Duty-Free Commodity Enterprises Co., Ltd. Domestic non-state-owned legal person 0.29% 1,730,300 1,730,300 Yang Yaochu Domestic natural person 0.25% 1,500,384 0 Mai Furong Domestic natural person 0.19% 1,103,096 0 Su Weipeng Domestic natural person 0.17% 1,020,300 0 He Simo Domestic natural person 0.17% 1,011,750 0 Top 10 unrestricted shareholders Name of shareholder Unrestricted shares held Shares by class Class Shares Shenzhen Investment Holdings Corporation 301,411,311 RMB-denominated ordinary stock 301,411,311 Shenzhen State-Owned Equity Operation and Management Co., Ltd. 38,037,890 RMB-denominated ordinary stock 38,037,890 China Orient Asset Management Co., Ltd. 23,236,400 RMB-denominated ordinary stock 23,236,400 Hong Kong Securities Clearing Company Ltd. 5,906,124 RMB-denominated ordinary stock 5,906,124 Duan Shaoteng 1,755,565 RMB-denominated ordinary stock 1,755,565 Yang Yaochu 1,500,384 Domestically listed foreign stock 1,500,384 Mai Furong 1,103,096 Domestically listed foreign stock 1,103,096 Su Weipeng 1,020,300 RMB-denominated ordinary stock 1,020,300 He Simo 1,011,750 Domestically listed foreign stock 1,011,750 Chen Yutang 800,000 RMB-denominated ordinary stock 800,000 Related or acting-in-concert parties among the shareholders above The first largest shareholder, Shenzhen Investment Holding Corporation, is the actual controlling shareholder of the Company and Shenzhen State-Owned Equity Operation and Management Co., Ltd. And the Company does not know whether there are related parties or acting-in-concert parties among the other 8 shareholders. Top 10 ordinary shareholders involved in securities margin trading (if any) N/A (II) Number of Preference Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable III Other Significant Events √ Applicable □ Not applicable 1. During the Reporting Period, Shenzhen SZPRD Urban Renewal Co., Ltd., the Company’s wholly-owned subsidiary, won the bid for the use right of the No. 2021WR023 land for construction in Humen Town of Dongguan City with RMB2,070,606,666 in the online listing and transfer of the use right of the state-owned land for construction held by Dongguan City Public Resources Trading on 28 August 2021. For more details, see the Announcement on Wholly-Owned Subsidiary Becoming Selected Winner of Bid for Land Use Right (Announcement No. 2021-26) disclosed by the Company on 27 August 2021 and the Announcement on Wholly-Owned Subsidiary Becoming Winner of Bid for Land Use Right (Announcement No. 2021-27) disclosed by the Company on 3 September 2021. 2. During the Reporting Period, the Company received the Letter on Changing Commitment on Avoiding Horizontal Competition from the controlling shareholder Shenzhen Investment Holdings Co., Ltd. which had been approved on the 25th Meeting of the 9th Board of Directors and the 26th Meeting of the 9th Supervisory Committee held on 10 September 2021, as well as the 1st Extraordinary General Meeting of 2021 by voting. For more details, see the Announcement on Application of Controlling Shareholder for Changing Commitment on Avoiding Horizontal Competition (Announcement No. 2021-32) and the Announcement No. 2021-34 on Resolutions of the1st Extraordinary General Meeting of 2021 disclosed by the Company on 11 September 2021 and 28 September 2021, respectively. IV Quarterly Financial Statements (I) Financial Statements 1. Consolidated Balance Sheet Prepared by ShenZhen Properties & Resources Development (Group) Ltd. 30 September 2021 Unit: RMB Item 30 September 2021 31 December 2020 Current assets: Monetary assets 3,237,455,455.40 4,206,266,629.32 Settlement reserve Loans to other banks and financial institutions Held-for-trading financial assets Derivative financial assets Notes receivable Accounts receivable 280,305,194.87 187,697,631.47 Receivables financing Prepayments 81,332,572.95 50,543,422.85 Premiums receivable Reinsurance receivables Receivable reinsurance contract reserve Other receivables 826,262,329.99 789,050,350.51 Including: Interest receivable Dividends receivable Financial assets purchased under resale agreements Inventories 7,491,518,350.13 5,312,489,258.20 Contract assets Assets held for sale Current portion of non-current assets Other current assets 55,122,942.93 48,991,965.92 Total current assets 11,971,996,846.27 10,595,039,258.27 Non-current assets: Loans and advances to customers Debt investments Other debt investments Long-term receivables Long-term equity investments 49,781,176.95 45,710,220.79 Investments in other equity instruments 1,194,011.36 1,044,905.12 Other non-current financial assets Investment property 458,208,170.14 484,738,506.83 Fixed assets 107,168,499.23 116,233,936.04 Construction in progress Productive living assets Oil and gas assets Right-of-use assets 11,640,096.44 Intangible assets 435,544.07 482,049.51 Development costs Goodwill 7,955,840.29 Long-term prepaid expense 18,613,574.71 11,862,716.14 Deferred income tax assets 1,313,347,404.44 950,681,245.50 Other non-current assets 3,090,363.35 1,564,074.34 Total non-current assets 1,971,434,680.98 1,612,317,654.27 Total assets 13,943,431,527.25 12,207,356,912.54 Current liabilities: Short-term borrowings Borrowings from the central bank Loans from other banks and financial institutions Held-for-trading financial liabilities Derivative financial liabilities Notes payable Accounts payable 363,097,115.88 468,269,685.65 Advances from customers 1,060,418.00 473,274.48 Contract liabilities 1,369,958,701.35 666,893,629.72 Financial assets sold under repurchase agreements Customer deposits and deposits from other banks and financial institutions Payables for acting trading of securities Payables for underwriting of securities Employee benefits payable 148,442,697.63 177,190,197.36 Taxes and levies payable 2,993,796,653.66 2,487,212,979.37 Other payables 931,830,115.73 847,142,613.09 Including: Interest payable Dividends payable 12,202,676.04 12,202,676.04 Fees and commissions payable Reinsurance payables Liabilities directly associated with assets held for sale Current portion of non-current liabilities 67,002,418.06 36,722,824.88 Other current liabilities 77,860,950.08 43,354,691.51 Total current liabilities 5,953,049,070.39 4,727,259,896.06 Non-current liabilities: Insurance contract reserve Long-term borrowings 3,556,900,000.00 3,587,800,000.00 Bonds payable Including: Preference shares Perpetual bonds Lease liabilities 12,010,238.46 Long-term payables Long-term employee benefits payable Provisions 1,413,049.50 2,396,947.00 Deferred income Deferred income tax liabilities 262.20 262.20 Other non-current liabilities 109,103,765.34 108,778,327.45 Total non-current liabilities 3,679,427,315.50 3,698,975,536.65 Total liabilities 9,632,476,385.89 8,426,235,432.71 Owners’ equity: Share capital 595,979,092.00 595,979,092.00 Other equity instruments Including: Preference shares Perpetual bonds Capital reserves 80,488,045.38 80,488,045.38 Less: Treasury stock Other comprehensive income -7,148,084.88 -6,749,589.41 Specific reserve Surplus reserves 19,205,979.63 19,205,979.63 General reserve Retained earnings 3,569,308,805.13 3,038,993,912.43 Total equity attributable to owners of the Company as the parent 4,257,833,837.26 3,727,917,440.03 Non-controlling interests 53,121,304.10 53,204,039.80 Total owners’ equity 4,310,955,141.36 3,781,121,479.83 Total liabilities and owners’ equity 13,943,431,527.25 12,207,356,912.54 Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili Head of the financial department: Liu Qiang 2. Consolidated Income Statement for Q1~Q3 Unit: RMB Item Q1~Q3 2021 Q1~Q3 2020 1. Revenues 3,181,490,688.19 1,753,697,717.30 Including: Operating revenue 3,181,490,688.19 1,753,697,717.30 Interest income Insurance premium income Fee and commission income 2. Costs and expenses 2,211,935,483.11 1,527,399,689.48 Including: Cost of sales 1,084,925,841.75 873,302,042.71 Interest expense Fee and commission expense Surrenders Net insurance claims paid Net amount provided as insurance contract reserve Expenditure on policy dividends Reinsurance premium expense Taxes and levies 935,246,313.19 412,829,423.52 Selling expense 38,619,575.61 22,942,832.34 Administrative expense 157,577,080.86 132,861,676.49 Development costs Finance costs -4,433,328.30 85,463,714.42 Including: Interest expense 54,703,527.86 134,280,009.60 Interest income 60,783,256.33 48,882,862.25 Add: Other income 4,384,524.06 4,850,559.92 Return on investment (“-” for loss) 4,070,956.16 193,069.98 Including: Share of profit or loss of joint ventures and associates 4,070,956.16 193,069.98 Income from the derecognition of financial assets at amortized cost (“-” for loss) Exchange gain (“-” for loss) Net gain on exposure hedges (“-” for loss) Gain on changes in fair value (“-” for loss) Credit impairment loss (“-” for loss) -6,885,600.31 1,163,290.17 Asset impairment loss (“-” for loss) 14,735.82 1,832.91 Asset disposal income (“-” for loss) 3. Operating profit (“-” for loss) 971,139,820.81 232,506,780.80 Add: Non-operating income 11,820,776.71 4,904,450.96 Less: Non-operating expense 2,813,222.58 3,180,142.69 4. Gross profit (“-” for loss) 980,147,374.94 234,231,089.07 Less: Income tax expense 216,928,658.27 92,741,690.38 5. Net profit (“-” for net loss) 763,218,716.67 141,489,398.69 5.1 By operating continuity 5.1.1 Net profit from continuing operations (“-” for net loss) 763,218,716.67 141,489,398.69 5.1.2 Net profit from discontinued operations (“-” for net loss) 5.2 By ownership 5.2.1 Net profit attributable to owners of the Company as the parent 774,666,320.42 192,412,552.18 5.2.2 Net profit attributable to non-controlling interests -11,447,603.75 -50,923,153.49 6. Other comprehensive income, net of tax -398,495.47 2,562,432.70 Attributable to owners of the Company as the parent -398,495.47 2,562,432.70 6.1 Items that will not be reclassified to profit or loss 155,048.91 -569,080.59 6.1.1 Changes caused by remeasurements on defined benefit schemes 6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method 6.1.3 Changes in the fair value of investments in other equity instruments 155,048.91 -569,080.59 6.1.4 Changes in the fair value arising from changes in own credit risk 6.1.5 Other 6.2 Items that will be reclassified to profit or loss -553,544.38 3,131,513.29 6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method 6.2.2 Changes in the fair value of other debt investments 6.2.3 Other comprehensive income arising from the reclassification of financial assets 6.2.4 Credit impairment allowance for other debt investments 6.2.5 Reserve for cash flow hedges 6.2.6 Differences arising from the translation of foreign currency-denominated financial statements -553,544.38 3,131,513.29 6.2.7 Other Attributable to non-controlling interests 7. Total comprehensive income 762,820,221.20 144,051,831.39 Attributable to owners of the Company as the parent 774,267,824.95 194,974,984.88 Attributable to non-controlling interests -11,447,603.75 -50,923,153.49 8. Earnings per share 8.1 Basic earnings per share 1.2998 0.3229 8.2 Diluted earnings per share 1.2998 0.3229 Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before the combinations was RMB0, with the amount for the same period of last year being RMB0. Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili Head of the financial department: Liu Qiang 3. Consolidated Cash Flow Statement for Q1~Q3 Unit: RMB Item Q1~Q3 2021 Q1~Q3 2020 1. Cash flows from operating activities: Proceeds from sale of commodities and rendering of services 4,042,420,125.09 2,899,288,769.77 Net increase in customer deposits and deposits from other banks and financial institutions Net increase in borrowings from the central bank Net increase in loans from other financial institutions Premiums received on original insurance contracts Net proceeds from reinsurance Net increase in deposits and investments of policy holders Interest, fees and commissions received Net increase in loans from other banks and financial institutions Net increase in proceeds from repurchase transactions Net proceeds from acting trading of securities Tax and levy rebates 27,939,475.62 12,858,739.05 Cash generated from other operating activities 203,438,724.30 418,683,926.79 Subtotal of cash generated from operating activities 4,273,798,325.01 3,330,831,435.61 Payments for commodities and services 2,887,214,350.83 1,128,024,166.75 Net increase in loans and advances to customers Net increase in deposits in the central bank and other banks and financial institutions Payments for claims on original insurance contracts Net increase in loans to other banks and financial institutions Interest, fees and commissions paid Policy dividends paid Cash paid to and for employees 531,706,928.53 472,672,344.40 Taxes and levies paid 1,263,721,854.47 2,012,684,115.79 Cash used in other operating activities 134,165,769.18 170,217,765.85 Subtotal of cash used in operating activities 4,816,808,903.01 3,783,598,392.79 Net cash generated from/used in -543,010,578.00 -452,766,957.18 operating activities 2. Cash flows from investing activities: Proceeds from disinvestment Return on investment Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets 26,112.57 4,608.08 Net proceeds from the disposal of subsidiaries and other business units Cash generated from other investing activities Subtotal of cash generated from investing activities 26,112.57 4,608.08 Payments for the acquisition of fixed assets, intangible assets and other long-lived assets 14,930,846.83 28,396,835.53 Payments for investments Net increase in pledged loans granted Net payments for the acquisition of subsidiaries and other business units 1,822,663.42 465,807,569.82 Cash used in other investing activities Subtotal of cash used in investing activities 16,753,510.25 494,204,405.35 Net cash generated from/used in investing activities -16,727,397.68 -494,199,797.27 3. Cash flows from financing activities: Capital contributions received 140,000.00 840,000.00 Including: Capital contributions by non-controlling interests to subsidiaries 140,000.00 840,000.00 Borrowings received 2,172,000,000.00 Cash generated from other financing activities Subtotal of cash generated from financing activities 140,000.00 2,172,840,000.00 Repayment of borrowings 100,000.00 1,033,000.00 Interest and dividends paid 386,900,067.44 354,270,624.80 Including: Dividends paid by subsidiaries to non-controlling interests Cash used in other financing activities Subtotal of cash used in financing activities 387,000,067.44 355,303,624.80 Net cash generated from/used in financing activities -386,860,067.44 1,817,536,375.20 4. Effect of foreign exchange rates changes on cash and cash equivalents -526,623.85 -1,054,883.75 5. Net increase in cash and cash equivalents -947,124,666.97 869,514,737.00 Add: Cash and cash equivalents, beginning of the period 4,168,154,911.83 3,285,345,233.47 6. Cash and cash equivalents, end of the period 3,221,030,244.86 4,154,859,970.47 (II) Adjustments to the Financial Statements 1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of the New Standards Governing Leases from 2021 √ Applicable □ Not applicable Whether the Company needs to adjust items in the balance sheet at the beginning of the year √ Yes □ No Consolidated Balance Sheet Unit: RMB Item 31 December 2020 1 January 2021 Adjusted Current assets: Monetary assets 4,206,266,629.32 4,206,266,629.32 Settlement reserve Loans to other banks and financial institutions Held-for-trading financial assets Derivative financial assets Notes receivable Accounts receivable 187,697,631.47 187,697,631.47 Receivables financing Prepayments 50,543,422.85 50,543,422.85 Premiums receivable Reinsurance receivables Receivable reinsurance contract reserve Other receivables 789,050,350.51 789,050,350.51 Including: Interest receivable Dividends receivable Financial assets purchased under resale agreements Inventories 5,312,489,258.20 5,312,489,258.20 Contract assets Assets held for sale Current portion of non-current assets Other current assets 48,991,965.92 48,991,965.92 Total current assets 10,595,039,258.27 10,595,039,258.27 Non-current assets: Loans and advances to customers Debt investments Other debt investments Long-term receivables Long-term equity investments 45,710,220.79 45,710,220.79 Investments in other equity instruments 1,044,905.12 1,044,905.12 Other non-current financial assets Investment property 484,738,506.83 484,738,506.83 Fixed assets 116,233,936.04 116,233,936.04 Construction in progress Productive living assets Oil and gas assets Right-of-use assets 14,992,421.49 14,992,421.49 Intangible assets 482,049.51 482,049.51 Development costs Goodwill Long-term prepaid expense 11,862,716.14 11,862,716.14 Deferred income tax assets 950,681,245.50 950,681,245.50 Other non-current assets 1,564,074.34 1,564,074.34 Total non-current assets 1,612,317,654.27 1,627,310,075.76 14,992,421.49 Total assets 12,207,356,912.54 12,222,349,334.03 14,992,421.49 Current liabilities: Short-term borrowings Borrowings from the central bank Loans from other banks and financial institutions Held-for-trading financial liabilities Derivative financial liabilities Notes payable Accounts payable 468,269,685.65 468,269,685.65 Advances from customers 473,274.48 473,274.48 Contract liabilities 666,893,629.72 666,893,629.72 Financial assets sold under repurchase agreements Customer deposits and deposits from other banks and financial institutions Payables for acting trading of securities Payables for underwriting of securities （未完）  |