CONSOLIDATED BALANCE SHEET (Unaudited)
RMB in millions
Sep 30, 2022
Dec 31, 2021
ASSETS
Current assets
Currency funds
2,412
2,761
Trading financial assets
4,151
2,670
Derivative financial assets
0
5
Accounts receivable
5,043
4,271
Receivables financing
98
28
Prepayments
205
183
Other receivables
72
77
Inventories
4,157
3,193
Assets classified as held for sale
0
99
Other current assets
132
130
Total current assets
16,270
13,417
Non-current assets
Long-term receivables
35
38
Long-term equity investments
764
770
Other equity investments
434
418
Investment properties
90
93
Fixed assets
19,088
18,424
Construction in progress
1,107
661
Right-of-use assets
597
622
Intangible assets
484
447
Goodwill
2,253
2,023
Deferred tax assets
179
185
Other non-current assets
1
1
Total non-current assets
25,032
23,682
Total assets
41,302
37,099
LIABILITIES AND EQUITY
Sep 30, 2022
Dec 31, 2021
Current liabilities
Short-term borrowings
1,885
2,193
Derivative financial liabilities
27
2
Notes payable
312
579
Accounts payable
6,700
5,298
Contract liabilities
332
458
Employee benefits payable
1,023
1,062
Taxes and surcharges payable
207
235
Other payables
498
414
Liabilities classified as held for sale
0
45
Current portion of long-term liabilities
2,096
1,052
Other current liabilities
4
3
Total current liabilities
13,084
11,341
Non-current liabilities
Long-term borrowings
3,375
3,751
Lease liabilities
543
568
Long-term employee benefits payable
8
20
Deferred income
351
337
Deferred tax liabilities
79
82
Total non-current liabilities
4,356
4,758
Total liabilities
17,440
16,099
Equity
Paid-in capital
1,780
1,780
Capital reserves
15,016
14,984
Less: Treasury shares
(89)
0
Accumulated other comprehensive income
550
(281)
Surplus reserves
174
174
Unappropriated profit
6,431
4,334
Total equity attributable to owners of the parent
23,862
20,991
Minority shareholders
0
9
Total equity
23,862
21,000
Total liabilities and equity
41,302
37,099
CONSOLIDATED INCOME STATEMENT (Unaudited)
RMB in millions, except share data
Three months ended
Nine months ended
Sep 30, 2022
Sep 30, 2021
Sep 30, 2022
Sep 30, 2021
Revenue
9,184
8,099
24,778
21,917
Less: Cost of sales
7,616
6,576
20,323
18,006
Taxes and surcharges
26
16
69
58
Selling expenses
45
49
142
145
Administrative expenses
312
276
805
743
Research and development expenses
343
312
980
860
Finance expenses
(26)
20
(11)
176
Including: Interest expenses
51
70
143
270
Interest income
5
14
21
34
Add: Other income
55
38
138
135
Investment income / (loss)
25
15
65
299
Including: Income / (loss) from investments in associates and joint ventures
1
3
(6)
286
Gain / (loss) on the net position hedging
0
(8)
0
(11)
Gain / (loss) on changes in fair value of financial assets/liabilities
(25)
0
(40)
0
Credit impairment (loss is expressed by “-“)
22
14
17
14
Asset impairment (loss is expressed by “-“)
(61)
(34)
(125)
(52)
Gain / (loss) on disposal of assets
18
16
41
30
Operating profit / (loss)
902
891
2,566
2,344
Add: Non-operating income
40
0
46
6
Less: Non-operating expenses
0
8
1
11
Profit / (loss) before income taxes
942
883
2,611
2,339
Less: Income tax expenses
33
89
159
222
Net profit / (loss)
909
794
2,452
2,117
Classified by continuity of operations
Profit / (loss) from continuing operations
909
794
2,452
2,117
Classified by ownership
Net profit / (loss) attributable to owners of the parent
909
793
2,452
2,116
Net profit / (loss) attributable to minority shareholders
0
1
0
1
Add: Unappropriated profit at beginning of period
5,522
2,751
4,335
1,517
Less: Cash dividends payable
0
0
356
89
Unappropriated profit at end of period (attributable to owners of the parent）
6,431
3,544
6,431
3,544
Other comprehensive income, net of tax
446
24
832
(78)
Comprehensive income attributable to owners of the parent
446
24
832
(78)
Comprehensive income not be reclassified to profit or loss
(14)
0
(14)
1
Remeasurement gains or losses of a defined benefit plan
0
0
0
1
Change in the fair value of other equity investments
(14)
0
(14)
0
Comprehensive income to be reclassified to profit or loss
460
24
846
(79)
Comprehensive income using the equity method that may be reclassified to profit or loss
7
0
0
(21)
Cash flow hedge reserve
(9)
(4)
(26)
(9)
Exchange differences of foreign currency financial statements
462
28
872
(49)
Total comprehensive income
1,355
818
3,284
2,039
Including:
Total comprehensive income attributable to owners of the parent
1,355
817
3,284
2,038
Total comprehensive income attributable to minority shareholders
0
1
0
1
Earnings per share
Basic earnings per share
0.51
0.45
1.38
1.23
Diluted earnings per share
0.51
0.45
1.38
1.23
CONSOLIDATED CASH FLOW STATEMENT (Unaudited)
RMB in millions
Three months ended
Nine months ended
Sep 30, 2022
Sep 30, 2021
Sep 30, 2022
Sep 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from the sale of goods and the rendering of services
8,201
8,048
25,200
22,834
Receipts of taxes and surcharges refunds
126
107
273
340
Other cash receipts relating to operating activities
87
94
218
207
Total cash inflows from operating activities
8,414
8,249
25,691
23,381
Cash payments for goods and services
5,534
4,995
17,146
14,415
Cash payments to and on behalf of employees
948
1,057
3,257
3,327
Payments of all types of taxes and surcharges
193
210
694
589
Other cash payments relating to operating activities
43
75
214
257
Total cash outflows from operating activities
6,718
6,337
21,311
18,588
Net cash flows from operating activities
1,696
1,912
4,380
4,793
CASH FLOWS FROM INVESTING ACTIVITIES
Cash receipts from returns of investments
3,390
2,455
8,550
2,852
Cash receipts from investment income
17
13
55
13
Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets
76
93
110
261
Net cash receipts from disposal of subsidiaries and other business units
3
0
30
0
Total cash inflows from investing activities
3,486
2,561
8,745
3,126
Cash payments to acquire fixed assets, intangible assets and other long-term assets
1,138
1,365
2,688
3,013
Cash payments for investments
4,101
2,420
10,061
4,376
Total cash outflows from investing activities
5,239
3,785
12,749
7,389
Net cash flows from investing activities
(1,753)
(1,224)
(4,004)
(4,263)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash proceeds from investments by others
0
0
0
4,966
Cash receipts from borrowings
1,446
2,268
2,961
4,629
Other cash receipts relating to financing activities
0
0
0
347
Total cash inflows from financing activities
1,446
2,268
2,961
9,942
Cash repayments for debts
796
2,985
2,530
8,515
Cash payments for distribution of dividends or profit and interest expenses
405
161
495
366
Other cash payments relating to financing activities
169
212
758
771
Total cash outflows from financing activities
1,370
3,358
3,783
9,652
Net cash flows from financing activities
76
(1,090)
(822)
290
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
37
1
95
(7)
NET INCREASE IN CASH AND CASH EQUIVALENTS
56
(401)
(351)
813
Add: Cash and cash equivalents at beginning of period
2,356
3,381
2,763
2,167
CASH AND CASH EQUIVALENTS AT END OF PERIOD
2,412
2,980
2,412
2,980
