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China Construction Bank Corp
Buy, Hold or Sell?

Let's analyse China Construction Bank Corp together

PenkeI guess you are interested in China Construction Bank Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of China Construction Bank Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of China Construction Bank Corp (30 sec.)










What can you expect buying and holding a share of China Construction Bank Corp? (30 sec.)

How much money do you get?

How much money do you get?
$0.07
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$1.72
Expected worth in 1 year
$-15.79
How sure are you?
75.0%

+ What do you gain per year?

Total Gains per Share
$-17.44
Return On Investment
-2,325.2%

For what price can you sell your share?

Current Price per Share
$0.75
Expected price per share
$0.7 - $
How sure are you?
50%

1. Valuation of China Construction Bank Corp (5 min.)




Live pricePrice per Share (EOD)

$0.75

Intrinsic Value Per Share

$-5.64 - $-0.17

Total Value Per Share

$-3.91 - $1.55

2. Growth of China Construction Bank Corp (5 min.)




Is China Construction Bank Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$431.2b$4.5t-$704.4b-18.4%

How much money is China Construction Bank Corp making?

Current yearPrevious yearGrowGrow %
Making money$11.4b$11.1b$229.7m2.0%
Net Profit Margin38.4%40.8%--

How much money comes from the company's main activities?

3. Financial Health of China Construction Bank Corp (5 min.)




What can you expect buying and holding a share of China Construction Bank Corp? (5 min.)

Welcome investor! China Construction Bank Corp's management wants to use your money to grow the business. In return you get a share of China Construction Bank Corp.

What can you expect buying and holding a share of China Construction Bank Corp?

First you should know what it really means to hold a share of China Construction Bank Corp. And how you can make/lose money.

Speculation

The Price per Share of China Construction Bank Corp is $0.75. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of China Construction Bank Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in China Construction Bank Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $1.72. Based on the TTM, the Book Value Change Per Share is $-4.38 per quarter. Based on the YOY, the Book Value Change Per Share is $0.68 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.02 per quarter.
Based on historical numbers we can estimate the returns while holding a share of China Construction Bank Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.056.4%0.056.1%0.045.8%0.045.4%0.034.2%
Usd Book Value Change Per Share-18.17-2,423.0%-4.38-583.7%0.6890.4%-0.55-73.3%0.033.7%
Usd Dividend Per Share0.000.3%0.022.4%0.022.2%0.022.0%0.011.8%
Usd Total Gains Per Share-18.17-2,422.7%-4.36-581.3%0.6992.5%-0.53-71.2%0.045.4%
Usd Price Per Share0.62-0.60-0.62-0.71-0.75-
Price to Earnings Ratio3.25-3.32-3.63-4.59-14.25-
Price-to-Total Gains Ratio-0.03--0.29-1.30-0.79-5.27-
Price to Book Ratio0.36-0.11-0.03-0.06-0.95-
Price-to-Total Gains Ratio-0.03--0.29-1.30-0.79-5.27-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.75
Number of shares1333
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.02
Usd Book Value Change Per Share-4.38-0.55
Usd Total Gains Per Share-4.36-0.53
Gains per Quarter (1333 shares)-5,811.55-712.30
Gains per Year (1333 shares)-23,246.21-2,849.21
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
196-23342-2325681-2930-2859
2192-46684-46502162-5861-5708
3287-70026-69748244-8791-8557
4383-93368-92994325-11722-11406
5479-116710-116240406-14652-14255
6575-140052-139486487-17582-17104
7671-163394-162732568-20513-19953
8766-186736-185978650-23443-22802
9862-210078-209224731-26374-25651
10958-233420-232470812-29304-28500

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%67.00.00.0100.0%
Book Value Change Per Share2.02.00.050.0%9.03.00.075.0%15.05.00.075.0%30.010.00.075.0%47.020.00.070.1%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%63.00.04.094.0%
Total Gains per Share2.02.00.050.0%9.03.00.075.0%15.05.00.075.0%30.010.00.075.0%48.019.00.071.6%

Fundamentals of China Construction Bank Corp

About China Construction Bank Corp

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments. The company accepts various deposits, such as foreign currency, all in one accounts, RMB, corporate term and notification, and corporate demand deposits, as well corporate deposits by agreement. Its loan products include personal business, car, and housing loans; and SME, traditional credit, commercial draft, buyer credit, and RMB credit line loans. The company also offers credit cards; physical gold for personal investment and personal gold accounts; foreign exchange services; certificate treasury and savings bonds, securities deposit accounts, and securities services, as well as bank-securities transfer and book-entry treasury bond over the counter transaction services; and wealth management products. In addition, it provides collection, salaries payment, third-party collection and payment, insurance agency, and remittance services; international settlement and financing, and FI services; securities and fund settlement services; guarantee-based, consulting and advising, and factoring services; fund custody services; and e-banking services. Further, the company offers institutional services comprising services for government agencies, social security, banks cooperation, bank-securities cooperation, bank-insurance cooperation, and services for non-banking financial institutions. China Construction Bank Corporation was founded in 1954 and is headquartered in Beijing, the People's Republic of China.

Fundamental data was last updated by Penke on 2024-05-15 19:25:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of China Construction Bank Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit China Construction Bank Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare China Construction Bank Corp to the Banks - Diversified industry mean.
  • A Net Profit Margin of 23.5% means that $0.24 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of China Construction Bank Corp:

  • The MRQ is 23.5%. The company is making a huge profit. +2
  • The TTM is 38.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ23.5%TTM38.4%-14.9%
TTM38.4%YOY40.8%-2.3%
TTM38.4%5Y37.7%+0.7%
5Y37.7%10Y38.1%-0.4%
1.1.2. Return on Assets

Shows how efficient China Construction Bank Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare China Construction Bank Corp to the Banks - Diversified industry mean.
  • 0.2% Return on Assets means that China Construction Bank Corp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of China Construction Bank Corp:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%+0.0%
TTM0.2%YOY0.2%0.0%
TTM0.2%5Y0.2%0.0%
5Y0.2%10Y0.3%0.0%
1.1.3. Return on Equity

Shows how efficient China Construction Bank Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare China Construction Bank Corp to the Banks - Diversified industry mean.
  • 2.8% Return on Equity means China Construction Bank Corp generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of China Construction Bank Corp:

  • The MRQ is 2.8%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.8%TTM2.7%+0.1%
TTM2.7%YOY2.9%-0.2%
TTM2.7%5Y2.9%-0.2%
5Y2.9%10Y3.4%-0.5%

1.2. Operating Efficiency of China Construction Bank Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient China Construction Bank Corp is operating .

  • Measures how much profit China Construction Bank Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare China Construction Bank Corp to the Banks - Diversified industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of China Construction Bank Corp:

  • The MRQ is 0.0%. The company is operating very inefficient. -2
  • The TTM is 35.6%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ0.0%TTM35.6%-35.6%
TTM35.6%YOY35.0%+0.6%
TTM35.6%5Y14.1%+21.5%
5Y14.1%10Y8.3%+5.8%
1.2.2. Operating Ratio

Measures how efficient China Construction Bank Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • An Operation Ratio of 0.13 means that the operating costs are $0.13 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of China Construction Bank Corp:

  • The MRQ is 0.126. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.290. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.126TTM0.290-0.164
TTM0.290YOY0.329-0.039
TTM0.2905Y0.317-0.027
5Y0.31710Y0.327-0.010

1.3. Liquidity of China Construction Bank Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if China Construction Bank Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Diversified industry mean).
  • A Current Ratio of 0.37 means the company has $0.37 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of China Construction Bank Corp:

  • The MRQ is 0.369. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.277. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.369TTM0.277+0.092
TTM0.277YOY0.238+0.039
TTM0.2775Y0.195+0.081
5Y0.19510Y3.643-3.448
1.3.2. Quick Ratio

Measures if China Construction Bank Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare China Construction Bank Corp to the Banks - Diversified industry mean.
  • A Quick Ratio of 0.31 means the company can pay off $0.31 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of China Construction Bank Corp:

  • The MRQ is 0.306. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.261. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.306TTM0.261+0.044
TTM0.261YOY0.238+0.023
TTM0.2615Y0.207+0.055
5Y0.20710Y5.113-4.907

1.4. Solvency of China Construction Bank Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of China Construction Bank Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare China Construction Bank Corp to Banks - Diversified industry mean.
  • A Debt to Asset Ratio of 0.92 means that China Construction Bank Corp assets are financed with 92.1% credit (debt) and the remaining percentage (100% - 92.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of China Construction Bank Corp:

  • The MRQ is 0.921. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.274. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.921TTM0.274+0.647
TTM0.274YOY0.059+0.215
TTM0.2745Y0.098+0.177
5Y0.09810Y0.467-0.369
1.4.2. Debt to Equity Ratio

Measures if China Construction Bank Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare China Construction Bank Corp to the Banks - Diversified industry mean.
  • A Debt to Equity ratio of 1,180.0% means that company has $11.80 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of China Construction Bank Corp:

  • The MRQ is 11.800. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.497. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ11.800TTM3.497+8.303
TTM3.497YOY0.735+2.762
TTM3.4975Y1.213+2.285
5Y1.21310Y6.106-4.893

2. Market Valuation of China Construction Bank Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings China Construction Bank Corp generates.

  • Above 15 is considered overpriced but always compare China Construction Bank Corp to the Banks - Diversified industry mean.
  • A PE ratio of 3.25 means the investor is paying $3.25 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of China Construction Bank Corp:

  • The EOD is 3.910. Based on the earnings, the company is cheap. +2
  • The MRQ is 3.247. Based on the earnings, the company is cheap. +2
  • The TTM is 3.321. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.910MRQ3.247+0.663
MRQ3.247TTM3.321-0.075
TTM3.321YOY3.629-0.308
TTM3.3215Y4.588-1.267
5Y4.58810Y14.247-9.658
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of China Construction Bank Corp:

  • The EOD is -6.190. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -5.140. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -0.868. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.190MRQ-5.140-1.050
MRQ-5.140TTM-0.868-4.272
TTM-0.868YOY12.574-13.442
TTM-0.8685Y1.853-2.720
5Y1.85310Y2.655-0.802
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of China Construction Bank Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • A PB ratio of 0.36 means the investor is paying $0.36 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of China Construction Bank Corp:

  • The EOD is 0.435. Based on the equity, the company is cheap. +2
  • The MRQ is 0.361. Based on the equity, the company is cheap. +2
  • The TTM is 0.113. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.435MRQ0.361+0.074
MRQ0.361TTM0.113+0.248
TTM0.113YOY0.034+0.078
TTM0.1135Y0.061+0.051
5Y0.06110Y0.950-0.888
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of China Construction Bank Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---18.173-4.378-76%0.678-2781%-0.550-97%0.027-66282%
Book Value Per Share--1.72515.310-89%18.095-90%15.447-89%8.669-80%
Current Ratio--0.3690.277+33%0.238+55%0.195+89%3.643-90%
Debt To Asset Ratio--0.9210.274+236%0.059+1455%0.098+845%0.467+97%
Debt To Equity Ratio--11.8003.497+237%0.735+1505%1.213+873%6.106+93%
Dividend Per Share--0.0020.018-86%0.016-85%0.015-84%0.013-82%
Eps--0.0480.046+5%0.043+11%0.041+18%0.032+52%
Free Cash Flow Per Share---0.0300.027-213%0.117-126%0.076-140%0.073-142%
Free Cash Flow To Equity Per Share--0.7210.205+251%0.118+511%0.108+569%0.086+734%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.173--------
Intrinsic Value_10Y_min---5.638--------
Intrinsic Value_1Y_max--0.263--------
Intrinsic Value_1Y_min--0.146--------
Intrinsic Value_3Y_max--0.576--------
Intrinsic Value_3Y_min---0.174--------
Intrinsic Value_5Y_max--0.632--------
Intrinsic Value_5Y_min---1.164--------
Market Cap180312748032.000+14%155706836778.281151000380127.107+3%156151659136.4580%177995749028.169-13%277777639658.853-44%
Net Profit Margin--0.2350.384-39%0.408-42%0.377-38%0.381-38%
Operating Margin--0.0000.356-100%0.350-100%0.141-100%0.083-100%
Operating Ratio--0.1260.290-57%0.329-62%0.317-60%0.327-62%
Pb Ratio0.435+17%0.3610.113+220%0.034+947%0.061+488%0.950-62%
Pe Ratio3.910+17%3.2473.321-2%3.629-11%4.588-29%14.247-77%
Price Per Share0.750+17%0.6230.604+3%0.6240%0.708-12%0.755-18%
Price To Free Cash Flow Ratio-6.190-20%-5.140-0.868-83%12.574-141%1.853-377%2.655-294%
Price To Total Gains Ratio-0.041-20%-0.034-0.289+744%1.297-103%0.792-104%5.269-101%
Quick Ratio--0.3060.261+17%0.238+28%0.207+48%5.113-94%
Return On Assets--0.0020.002+2%0.002-6%0.002-9%0.003-19%
Return On Equity--0.0280.027+4%0.029-3%0.029-4%0.034-18%
Total Gains Per Share---18.170-4.360-76%0.694-2718%-0.534-97%0.041-44606%
Usd Book Value--431222359700.0003827690114525.000-89%4532163970175.000-90%3880509435580.000-89%2190780370712.500-80%
Usd Book Value Change Per Share---18.173-4.378-76%0.678-2781%-0.550-97%0.027-66282%
Usd Book Value Per Share--1.72515.310-89%18.095-90%15.447-89%8.669-80%
Usd Dividend Per Share--0.0020.018-86%0.016-85%0.015-84%0.013-82%
Usd Eps--0.0480.046+5%0.043+11%0.041+18%0.032+52%
Usd Free Cash Flow---7572989700.0006679758900.000-213%29358057550.000-126%19117210620.000-140%17901588822.500-142%
Usd Free Cash Flow Per Share---0.0300.027-213%0.117-126%0.076-140%0.073-142%
Usd Free Cash Flow To Equity Per Share--0.7210.205+251%0.118+511%0.108+569%0.086+734%
Usd Market Cap180312748032.000+14%155706836778.281151000380127.107+3%156151659136.4580%177995749028.169-13%277777639658.853-44%
Usd Price Per Share0.750+17%0.6230.604+3%0.6240%0.708-12%0.755-18%
Usd Profit--11989427700.00011418349675.000+5%11188620325.000+7%10405289505.000+15%9330073977.500+29%
Usd Revenue--50983896100.00032144604825.000+59%27466363750.000+86%27999554040.000+82%24703048347.500+106%
Usd Total Gains Per Share---18.170-4.360-76%0.694-2718%-0.534-97%0.041-44606%
 EOD+4 -4MRQTTM+17 -18YOY+12 -235Y+12 -2310Y+11 -24

3.2. Fundamental Score

Let's check the fundamental score of China Construction Bank Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.910
Price to Book Ratio (EOD)Between0-10.435
Net Profit Margin (MRQ)Greater than00.235
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.306
Current Ratio (MRQ)Greater than10.369
Debt to Asset Ratio (MRQ)Less than10.921
Debt to Equity Ratio (MRQ)Less than111.800
Return on Equity (MRQ)Greater than0.150.028
Return on Assets (MRQ)Greater than0.050.002
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of China Construction Bank Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5069.102
Ma 20Greater thanMa 500.681
Ma 50Greater thanMa 1000.651
Ma 100Greater thanMa 2000.619
OpenGreater thanClose0.750
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2023-03-312023-06-302023-09-302023-12-312024-03-31
Net Debt  -281,117,327-15,246,516-296,363,84368,872,265-227,491,578245,542-227,246,036542,263,460315,017,424
Long-term Assets Other  -16,502,536-429,215-16,931,751169,311-16,762,44020,991-16,741,4494,782,470,5314,765,729,082
EBIT  13,556,034-1,559,01111,997,0231,419,25413,416,277-2,008,66511,407,612-11,426,256-18,644
Operating Income  14,403,968-1,559,01112,844,9571,434,72114,279,678-2,008,66512,271,014-12,289,657-18,644



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in CNY. All numbers in thousands.

Summary
Total Assets39,729,281,000
Total Liabilities36,606,744,000
Total Stockholder Equity3,102,157,000
 As reported
Total Liabilities 36,606,744,000
Total Stockholder Equity+ 3,102,157,000
Total Assets = 39,729,281,000

Assets

Total Assets39,729,281,000
Total Current Assets4,841,301,000
Long-term Assets34,887,980,000
Total Current Assets
Cash And Cash Equivalents 4,015,622,000
Total Current Assets  (as reported)4,841,301,000
Total Current Assets  (calculated)4,015,622,000
+/- 825,679,000
Long-term Assets
Property Plant Equipment 171,081,000
Goodwill 2,491,000
Long Term Investments 7,593,464,000
Intangible Assets 6,061,000
Long-term Assets Other 34,509,262,000
Long-term Assets  (as reported)34,887,980,000
Long-term Assets  (calculated)42,282,359,000
+/- 7,394,379,000

Liabilities & Shareholders' Equity

Total Current Liabilities13,136,490,000
Long-term Liabilities23,470,254,000
Total Stockholder Equity3,102,157,000
Total Current Liabilities
Short-term Debt 53,429,000
Other Current Liabilities 13,083,061,000
Total Current Liabilities  (as reported)13,136,490,000
Total Current Liabilities  (calculated)13,136,490,000
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)23,470,254,000
Long-term Liabilities  (calculated)0
+/- 23,470,254,000
Total Stockholder Equity
Common Stock250,011,000
Retained Earnings 1,761,103,000
Accumulated Other Comprehensive Income 1,031,066,000
Total Stockholder Equity (as reported)3,102,157,000
Total Stockholder Equity (calculated)3,042,180,000
+/- 59,977,000
Other
Capital Stock309,988,000
Cash and Short Term Investments 4,015,622,000
Common Stock Shares Outstanding 250,010,977
Liabilities and Stockholders Equity 39,729,281,000
Net Debt 2,281,082,000
Net Invested Capital 5,189,830,000
Property Plant and Equipment Gross 171,081,000
Short Long Term Debt Total 6,296,704,000



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302006-12-31
> Total Assets 
5,448,511,000
6,117,791,000
6,406,041,000
6,598,177,000
6,875,030,000
7,057,706,000
7,323,631,000
7,555,452,000
8,674,633,000
9,110,171,000
9,353,972,000
9,623,355,000
10,124,382,000
10,235,981,000
10,579,050,000
10,810,317,000
11,312,516,000
11,754,766,000
11,772,330,000
12,281,834,000
13,277,382,000
13,505,745,000
13,296,482,000
13,972,828,000
14,676,634,000
14,859,214,000
14,995,769,000
15,363,210,000
16,141,448,000
16,399,790,000
16,735,863,000
16,744,130,000
17,475,900,000
18,219,186,000
18,321,375,000
18,349,489,000
19,143,791,000
19,760,148,000
20,500,683,000
20,963,705,000
21,695,204,000
21,692,067,000
22,053,943,000
22,124,383,000
22,848,740,000
22,805,182,000
23,354,078,000
23,222,693,000
24,190,914,000
24,383,151,000
24,517,730,000
25,436,261,000
27,110,165,000
27,655,247,000
28,298,121,000
28,132,254,000
29,378,083,000
29,833,188,000
30,135,551,000
30,253,979,000
32,012,252,000
33,689,078,000
34,299,695,000
34,601,917,000
36,941,947,000
38,254,706,000
37,845,287,000
38,324,826,000
39,729,281,000
39,729,281,00038,324,826,00037,845,287,00038,254,706,00036,941,947,00034,601,917,00034,299,695,00033,689,078,00032,012,252,00030,253,979,00030,135,551,00029,833,188,00029,378,083,00028,132,254,00028,298,121,00027,655,247,00027,110,165,00025,436,261,00024,517,730,00024,383,151,00024,190,914,00023,222,693,00023,354,078,00022,805,182,00022,848,740,00022,124,383,00022,053,943,00021,692,067,00021,695,204,00020,963,705,00020,500,683,00019,760,148,00019,143,791,00018,349,489,00018,321,375,00018,219,186,00017,475,900,00016,744,130,00016,735,863,00016,399,790,00016,141,448,00015,363,210,00014,995,769,00014,859,214,00014,676,634,00013,972,828,00013,296,482,00013,505,745,00013,277,382,00012,281,834,00011,772,330,00011,754,766,00011,312,516,00010,810,317,00010,579,050,00010,235,981,00010,124,382,0009,623,355,0009,353,972,0009,110,171,0008,674,633,0007,555,452,0007,323,631,0007,057,706,0006,875,030,0006,598,177,0006,406,041,0006,117,791,0005,448,511,000
   > Total Current Assets 
617,093,000
588,589,000
706,411,000
675,047,000
662,533,000
657,400,000
678,364,000
645,227,000
651,022,000
620,093,000
607,741,000
672,529,000
656,910,000
604,332,000
530,759,000
507,611,000
509,663,000
551,157,000
518,311,000
765,313,000
1,035,936,000
1,105,511,000
1,058,482,000
1,041,947,000
1,142,924,000
1,195,036,000
932,741,000
779,456,000
983,692,000
951,102,000
930,145,000
825,213,000
998,755,000
1,307,064,000
1,295,273,000
1,216,407,000
1,287,249,000
1,713,610,000
1,572,518,000
1,567,747,000
1,575,473,000
1,316,942,000
1,324,680,000
4,228,333,000
1,125,922,000
3,681,193,000
996,313,000
3,503,467,000
3,525,137,000
3,316,578,000
3,162,949,000
3,617,986,000
3,967,159,000
3,950,188,000
3,773,944,000
3,739,472,000
4,063,785,000
3,712,921,000
3,589,220,000
3,228,654,000
3,626,856,000
3,684,649,000
3,749,501,000
3,893,681,000
4,153,960,000
4,391,198,000
3,778,805,000
3,948,975,000
4,841,301,000
4,841,301,0003,948,975,0003,778,805,0004,391,198,0004,153,960,0003,893,681,0003,749,501,0003,684,649,0003,626,856,0003,228,654,0003,589,220,0003,712,921,0004,063,785,0003,739,472,0003,773,944,0003,950,188,0003,967,159,0003,617,986,0003,162,949,0003,316,578,0003,525,137,0003,503,467,000996,313,0003,681,193,0001,125,922,0004,228,333,0001,324,680,0001,316,942,0001,575,473,0001,567,747,0001,572,518,0001,713,610,0001,287,249,0001,216,407,0001,295,273,0001,307,064,000998,755,000825,213,000930,145,000951,102,000983,692,000779,456,000932,741,0001,195,036,0001,142,924,0001,041,947,0001,058,482,0001,105,511,0001,035,936,000765,313,000518,311,000551,157,000509,663,000507,611,000530,759,000604,332,000656,910,000672,529,000607,741,000620,093,000651,022,000645,227,000678,364,000657,400,000662,533,000675,047,000706,411,000588,589,000617,093,000
       Cash And Cash Equivalents 
49,444,000
38,384,000
90,291,000
89,811,000
70,664,000
63,938,000
83,900,000
55,092,000
59,398,000
94,129,000
60,422,000
132,609,000
132,086,000
104,148,000
166,061,000
156,775,000
152,430,000
189,412,000
164,742,000
408,510,000
681,847,000
734,436,000
694,222,000
753,970,000
849,138,000
898,748,000
634,052,000
508,988,000
701,328,000
657,537,000
645,140,000
562,917,000
733,224,000
1,026,394,000
951,240,000
750,294,000
826,565,000
1,125,281,000
897,024,000
958,139,000
939,967,000
732,557,000
736,330,000
3,645,530,000
994,298,000
3,557,725,000
875,290,000
3,503,467,000
3,525,137,000
3,316,578,000
3,162,949,000
3,617,986,000
3,967,159,000
3,950,188,000
3,773,944,000
3,739,472,000
4,063,785,000
3,712,921,000
3,589,220,000
3,228,654,000
3,626,856,000
3,684,649,000
3,749,501,000
3,893,681,000
4,153,960,000
4,391,198,000
3,778,805,000
3,948,975,000
4,015,622,000
4,015,622,0003,948,975,0003,778,805,0004,391,198,0004,153,960,0003,893,681,0003,749,501,0003,684,649,0003,626,856,0003,228,654,0003,589,220,0003,712,921,0004,063,785,0003,739,472,0003,773,944,0003,950,188,0003,967,159,0003,617,986,0003,162,949,0003,316,578,0003,525,137,0003,503,467,000875,290,0003,557,725,000994,298,0003,645,530,000736,330,000732,557,000939,967,000958,139,000897,024,0001,125,281,000826,565,000750,294,000951,240,0001,026,394,000733,224,000562,917,000645,140,000657,537,000701,328,000508,988,000634,052,000898,748,000849,138,000753,970,000694,222,000734,436,000681,847,000408,510,000164,742,000189,412,000152,430,000156,775,000166,061,000104,148,000132,086,000132,609,00060,422,00094,129,00059,398,00055,092,00083,900,00063,938,00070,664,00089,811,00090,291,00038,384,00049,444,000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
78,096,472
3,098,141,000
647,180,073
380,174,416
70,662,087
3,214,083,000
3,510,889,199
409,953,850
98,648,543
3,002,264,000
932,477,000
2,669,477,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000002,669,477,000932,477,0003,002,264,00098,648,543409,953,8503,510,889,1993,214,083,00070,662,087380,174,416647,180,0733,098,141,00078,096,472000000000000000000000000000000000000000
       Net Receivables 
567,649,000
550,205,000
616,120,000
585,236,000
591,869,000
593,462,000
594,464,000
590,135,000
591,624,000
525,964,000
547,319,000
539,920,000
524,824,000
500,184,000
364,698,000
350,836,000
357,233,000
361,745,000
353,569,000
356,803,000
354,089,000
371,075,000
364,260,000
287,977,000
293,786,000
296,288,000
298,689,000
270,468,000
282,364,000
293,565,000
285,005,000
262,296,000
265,531,000
280,670,000
344,033,000
466,113,000
460,684,000
588,329,000
675,494,000
609,608,000
635,506,000
584,385,000
588,350,000
582,803,000
131,624,000
123,468,000
121,023,000
1,643,527
0
16,865,000
0
19,963,000
0
24,015,000
463,921,000
22,405,000
0
24,235,000
0
23,724,000
2,128,576,000
28,746,000
0
0
0
25,318,000
0
0
0
00025,318,00000028,746,0002,128,576,00023,724,000024,235,000022,405,000463,921,00024,015,000019,963,000016,865,00001,643,527121,023,000123,468,000131,624,000582,803,000588,350,000584,385,000635,506,000609,608,000675,494,000588,329,000460,684,000466,113,000344,033,000280,670,000265,531,000262,296,000285,005,000293,565,000282,364,000270,468,000298,689,000296,288,000293,786,000287,977,000364,260,000371,075,000354,089,000356,803,000353,569,000361,745,000357,233,000350,836,000364,698,000500,184,000524,824,000539,920,000547,319,000525,964,000591,624,000590,135,000594,464,000593,462,000591,869,000585,236,000616,120,000550,205,000567,649,000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
413,349,892
333,582,000
3,322,504,570
34,096,155
451,806,138
272,870,000
240,346,834
22,855,042
323,805,626
73,623,000
2,159,125,000
82,950,000
2,201,980,000
135,412,000
2,311,725,000
158,908,000
2,457,205,000
185,153,000
2,538,197,000
166,761,000
2,353,523,000
193,982,000
2,511,323,000
4,778,842,000
5,029,368,000
5,511,706,000
5,943,469,000
4,593,003,000
5,103,174,000
4,841,301,000
4,841,301,0005,103,174,0004,593,003,0005,943,469,0005,511,706,0005,029,368,0004,778,842,0002,511,323,000193,982,0002,353,523,000166,761,0002,538,197,000185,153,0002,457,205,000158,908,0002,311,725,000135,412,0002,201,980,00082,950,0002,159,125,00073,623,000323,805,62622,855,042240,346,834272,870,000451,806,13834,096,1553,322,504,570333,582,000413,349,892000000000000000000000000000000000000000
   > Long-term Assets 
1,450,181,000
1,697,417,000
1,686,174,000
1,743,034,000
1,781,225,000
1,786,901,000
1,738,655,000
1,730,966,000
1,606,696,000
1,905,263,000
2,044,847,000
2,166,233,000
2,433,817,000
2,507,473,000
2,622,260,000
2,697,528,000
2,497,637,000
2,625,670,000
2,769,526,000
2,553,394,000
2,615,838,000
2,646,904,000
2,672,695,000
2,777,264,000
2,806,068,000
2,828,111,000
3,068,110,000
3,383,131,000
3,357,596,000
3,473,094,000
3,533,852,000
3,727,183,000
3,757,627,000
3,797,048,000
3,881,275,000
4,097,178,000
4,205,628,000
4,394,940,000
4,740,124,000
4,826,048,000
4,873,122,000
4,791,984,000
4,977,970,000
4,974,000,000
4,267,008,000
4,145,749,000
4,223,197,000
5,949,474,000
6,207,732,000
6,262,410,000
4,685,075,000
6,437,286,000
6,585,591,000
6,949,518,000
5,390,892,000
7,213,378,000
7,330,716,000
7,468,788,000
7,601,269,000
7,868,669,000
8,159,934,000
8,666,438,000
8,703,705,000
6,808,043,000
6,986,477,000
7,219,627,000
7,464,685,000
7,644,735,000
34,887,980,000
34,887,980,0007,644,735,0007,464,685,0007,219,627,0006,986,477,0006,808,043,0008,703,705,0008,666,438,0008,159,934,0007,868,669,0007,601,269,0007,468,788,0007,330,716,0007,213,378,0005,390,892,0006,949,518,0006,585,591,0006,437,286,0004,685,075,0006,262,410,0006,207,732,0005,949,474,0004,223,197,0004,145,749,0004,267,008,0004,974,000,0004,977,970,0004,791,984,0004,873,122,0004,826,048,0004,740,124,0004,394,940,0004,205,628,0004,097,178,0003,881,275,0003,797,048,0003,757,627,0003,727,183,0003,533,852,0003,473,094,0003,357,596,0003,383,131,0003,068,110,0002,828,111,0002,806,068,0002,777,264,0002,672,695,0002,646,904,0002,615,838,0002,553,394,0002,769,526,0002,625,670,0002,497,637,0002,697,528,0002,622,260,0002,507,473,0002,433,817,0002,166,233,0002,044,847,0001,905,263,0001,606,696,0001,730,966,0001,738,655,0001,786,901,0001,781,225,0001,743,034,0001,686,174,0001,697,417,0001,450,181,000
       Property Plant Equipment 
51,591,000
50,133,000
49,609,000
56,421,000
55,625,000
56,522,000
58,250,000
63,957,000
63,012,000
63,701,000
64,243,000
74,693,000
72,889,000
73,264,000
73,458,000
83,434,000
81,273,000
82,786,000
84,528,000
94,222,000
95,958,000
99,391,000
102,416,000
113,946,000
113,787,000
119,935,000
123,584,000
135,678,000
134,175,000
137,595,000
139,527,000
151,607,000
148,506,000
148,979,000
148,403,000
159,531,000
158,107,000
161,362,000
162,007,000
170,095,000
167,626,000
166,962,000
165,743,000
169,679,000
167,514,000
166,721,000
166,453,000
169,574,000
166,880,000
165,561,000
165,727,000
170,740,000
169,051,000
167,014,000
165,807,000
172,505,000
169,729,000
166,138,000
164,158,000
168,326,000
169,278,000
167,934,000
166,934,000
166,985,000
163,401,000
162,461,000
164,427,000
167,371,000
171,081,000
171,081,000167,371,000164,427,000162,461,000163,401,000166,985,000166,934,000167,934,000169,278,000168,326,000164,158,000166,138,000169,729,000172,505,000165,807,000167,014,000169,051,000170,740,000165,727,000165,561,000166,880,000169,574,000166,453,000166,721,000167,514,000169,679,000165,743,000166,962,000167,626,000170,095,000162,007,000161,362,000158,107,000159,531,000148,403,000148,979,000148,506,000151,607,000139,527,000137,595,000134,175,000135,678,000123,584,000119,935,000113,787,000113,946,000102,416,00099,391,00095,958,00094,222,00084,528,00082,786,00081,273,00083,434,00073,458,00073,264,00072,889,00074,693,00064,243,00063,701,00063,012,00063,957,00058,250,00056,522,00055,625,00056,421,00049,609,00050,133,00051,591,000
       Goodwill 
1,743,000
1,689,000
1,674,000
1,624,000
1,562,000
1,525,000
1,523,000
1,527,000
1,529,000
1,529,000
1,607,000
1,590,000
1,588,000
1,574,000
1,559,000
1,534,000
1,523,000
1,698,000
1,679,000
1,662,000
1,663,000
1,677,000
1,662,000
1,651,000
1,644,000
1,629,000
1,626,000
1,610,000
1,646,000
1,655,000
2,666,000
2,696,000
2,519,000
2,546,000
2,102,000
2,140,000
2,174,000
2,312,000
2,767,000
2,947,000
2,953,000
2,868,000
2,834,000
2,751,000
2,646,000
2,687,000
2,736,000
2,766,000
2,703,000
2,780,000
2,837,000
2,809,000
2,683,000
2,729,000
2,294,000
2,210,000
2,194,000
2,168,000
2,171,000
2,141,000
2,126,000
2,209,000
2,315,000
2,256,000
2,258,000
2,375,000
2,371,000
2,456,000
2,491,000
2,491,0002,456,0002,371,0002,375,0002,258,0002,256,0002,315,0002,209,0002,126,0002,141,0002,171,0002,168,0002,194,0002,210,0002,294,0002,729,0002,683,0002,809,0002,837,0002,780,0002,703,0002,766,0002,736,0002,687,0002,646,0002,751,0002,834,0002,868,0002,953,0002,947,0002,767,0002,312,0002,174,0002,140,0002,102,0002,546,0002,519,0002,696,0002,666,0001,655,0001,646,0001,610,0001,626,0001,629,0001,644,0001,651,0001,662,0001,677,0001,663,0001,662,0001,679,0001,698,0001,523,0001,534,0001,559,0001,574,0001,588,0001,590,0001,607,0001,529,0001,529,0001,527,0001,523,0001,525,0001,562,0001,624,0001,674,0001,689,0001,743,000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
710,258,747
4,584,832,000
5,539,027,651
560,540,997
768,124,549
3,200,571,000
3,785,648,277
473,331,683
796,395,290
792,261,000
717,533,000
770,822,000
721,355,000
736,140,000
718,551,000
713,124,000
5,165,926,000
5,227,879,000
5,339,094,000
5,488,617,000
7,692,344,000
56,576,000
8,490,786,000
8,529,017,000
6,632,306,000
6,814,600,000
7,048,662,000
7,292,024,000
7,468,368,000
7,593,464,000
7,593,464,0007,468,368,0007,292,024,0007,048,662,0006,814,600,0006,632,306,0008,529,017,0008,490,786,00056,576,0007,692,344,0005,488,617,0005,339,094,0005,227,879,0005,165,926,000713,124,000718,551,000736,140,000721,355,000770,822,000717,533,000792,261,000796,395,290473,331,6833,785,648,2773,200,571,000768,124,549560,540,9975,539,027,6514,584,832,000710,258,747000000000000000000000000000000000000000
       Intangible Assets 
19,195,000
18,907,000
18,659,000
18,784,000
18,485,000
18,420,000
18,271,000
1,253,000
1,142,000
1,127,000
1,070,000
1,270,000
1,167,000
1,162,000
1,125,000
1,310,000
1,187,000
1,514,000
1,414,000
1,660,000
1,546,000
1,451,000
1,357,000
2,061,000
1,969,000
1,925,000
1,800,000
2,053,000
1,968,000
1,895,000
1,808,000
2,043,000
1,903,000
1,784,000
1,890,000
2,103,000
2,017,000
1,989,000
1,954,000
2,599,000
2,267,000
2,322,000
2,221,000
2,752,000
2,626,000
2,622,000
2,697,000
3,622,000
3,670,000
3,632,000
3,542,000
4,502,000
4,291,000
4,373,000
4,507,000
5,279,000
5,150,000
5,100,000
5,173,000
5,858,000
5,689,000
5,509,000
5,439,000
6,496,000
6,218,000
6,129,000
5,863,000
6,540,000
6,061,000
6,061,0006,540,0005,863,0006,129,0006,218,0006,496,0005,439,0005,509,0005,689,0005,858,0005,173,0005,100,0005,150,0005,279,0004,507,0004,373,0004,291,0004,502,0003,542,0003,632,0003,670,0003,622,0002,697,0002,622,0002,626,0002,752,0002,221,0002,322,0002,267,0002,599,0001,954,0001,989,0002,017,0002,103,0001,890,0001,784,0001,903,0002,043,0001,808,0001,895,0001,968,0002,053,0001,800,0001,925,0001,969,0002,061,0001,357,0001,451,0001,546,0001,660,0001,414,0001,514,0001,187,0001,310,0001,125,0001,162,0001,167,0001,270,0001,070,0001,127,0001,142,0001,253,00018,271,00018,420,00018,485,00018,784,00018,659,00018,907,00019,195,000
       Other Assets 
3,381,237,000
3,831,785,000
4,013,456,000
4,180,096,000
4,431,272,000
4,613,405,000
4,906,612,000
5,179,259,000
6,416,915,000
6,584,815,000
6,701,384,000
6,784,593,000
7,033,655,000
7,124,176,000
7,426,031,000
7,605,178,000
8,305,216,000
8,577,939,000
8,484,493,000
8,963,127,000
9,625,608,000
9,753,330,000
9,565,305,000
10,153,617,000
10,727,642,000
10,836,067,000
10,994,918,000
11,200,623,000
11,800,160,000
11,975,594,000
12,271,866,000
12,191,734,000
12,719,518,000
13,115,074,000
13,144,827,000
13,035,904,000
13,650,914,000
13,651,598,000
14,188,041,000
14,569,910,000
15,246,609,000
15,583,141,000
15,751,293,000
12,922,050,000
17,455,810,000
14,978,240,000
18,134,568,000
13,769,752,000
14,458,045,000
14,804,163,000
16,669,706,000
15,380,989,000
16,557,415,000
16,755,541,000
19,133,285,000
17,179,404,000
17,983,582,000
18,651,479,000
18,945,062,000
19,156,656,000
20,225,462,000
21,337,991,000
21,846,489,000
23,900,193,000
25,801,510,000
26,643,881,000
26,601,797,000
26,731,116,000
0
026,731,116,00026,601,797,00026,643,881,00025,801,510,00023,900,193,00021,846,489,00021,337,991,00020,225,462,00019,156,656,00018,945,062,00018,651,479,00017,983,582,00017,179,404,00019,133,285,00016,755,541,00016,557,415,00015,380,989,00016,669,706,00014,804,163,00014,458,045,00013,769,752,00018,134,568,00014,978,240,00017,455,810,00012,922,050,00015,751,293,00015,583,141,00015,246,609,00014,569,910,00014,188,041,00013,651,598,00013,650,914,00013,035,904,00013,144,827,00013,115,074,00012,719,518,00012,191,734,00012,271,866,00011,975,594,00011,800,160,00011,200,623,00010,994,918,00010,836,067,00010,727,642,00010,153,617,0009,565,305,0009,753,330,0009,625,608,0008,963,127,0008,484,493,0008,577,939,0008,305,216,0007,605,178,0007,426,031,0007,124,176,0007,033,655,0006,784,593,0006,701,384,0006,584,815,0006,416,915,0005,179,259,0004,906,612,0004,613,405,0004,431,272,0004,180,096,0004,013,456,0003,831,785,0003,381,237,000
> Total Liabilities 
5,118,307,000
5,792,053,000
6,016,119,000
6,175,896,000
6,426,661,000
6,602,308,000
6,844,097,000
7,087,890,000
8,180,448,000
8,603,637,000
8,816,947,000
9,064,335,000
9,528,683,000
9,655,783,000
9,954,556,000
10,109,412,000
10,563,439,000
11,016,090,000
10,993,306,000
11,465,173,000
12,408,221,000
12,636,340,000
12,378,798,000
13,023,219,000
13,665,809,000
13,858,703,000
13,946,157,000
14,288,881,000
14,993,729,000
15,252,778,000
15,527,684,000
15,491,767,000
16,159,637,000
16,906,736,000
16,946,975,000
16,904,406,000
17,633,567,000
18,254,188,000
18,929,235,000
19,374,051,000
20,044,597,000
20,047,465,000
20,345,317,000
20,328,556,000
20,995,124,000
20,940,605,000
21,415,229,000
1,196,006,000
1,343,792,000
1,231,306,000
1,351,847,000
1,598,128,000
1,453,042,000
1,383,604,000
1,435,036,000
1,289,835,000
1,356,751,000
1,324,099,000
1,501,658,000
1,622,652,000
1,751,736,000
2,072,417,000
2,071,322,000
1,998,598,000
2,118,353,000
2,245,189,000
2,131,509,000
2,303,457,000
36,606,744,000
36,606,744,0002,303,457,0002,131,509,0002,245,189,0002,118,353,0001,998,598,0002,071,322,0002,072,417,0001,751,736,0001,622,652,0001,501,658,0001,324,099,0001,356,751,0001,289,835,0001,435,036,0001,383,604,0001,453,042,0001,598,128,0001,351,847,0001,231,306,0001,343,792,0001,196,006,00021,415,229,00020,940,605,00020,995,124,00020,328,556,00020,345,317,00020,047,465,00020,044,597,00019,374,051,00018,929,235,00018,254,188,00017,633,567,00016,904,406,00016,946,975,00016,906,736,00016,159,637,00015,491,767,00015,527,684,00015,252,778,00014,993,729,00014,288,881,00013,946,157,00013,858,703,00013,665,809,00013,023,219,00012,378,798,00012,636,340,00012,408,221,00011,465,173,00010,993,306,00011,016,090,00010,563,439,00010,109,412,0009,954,556,0009,655,783,0009,528,683,0009,064,335,0008,816,947,0008,603,637,0008,180,448,0007,087,890,0006,844,097,0006,602,308,0006,426,661,0006,175,896,0006,016,119,0005,792,053,0005,118,307,000
   > Total Current Liabilities 
34,305,000
37,904,000
39,223,000
38,902,000
42,785,000
51,370,000
56,410,000
59,695,000
61,346,000
66,062,000
61,508,000
59,487,000
60,795,000
66,420,000
67,273,000
65,659,000
66,531,000
73,835,000
78,598,000
80,554,000
91,387,000
104,345,000
115,064,000
123,215,000
131,523,000
144,116,000
154,764,000
153,627,000
161,463,000
177,297,000
188,077,000
185,874,000
191,367,000
198,692,000
205,457,000
205,684,000
204,289,000
205,035,000
211,800,000
211,330,000
208,695,000
202,197,000
205,714,000
199,588,000
187,245,000
189,266,000
198,242,000
2,931,702,406
19,518,732,000
21,143,821,000
19,822,674,000
21,983,195,000
22,207,945,000
24,128,985,000
23,218,540,000
24,604,833,000
24,208,859,000
26,116,742,000
24,791,354,000
26,344,303,000
26,748,788,000
29,516,347,000
12,630,470,000
17,803,603,000
13,338,655,000
19,122,019,000
12,923,954,000
18,282,874,000
13,136,490,000
13,136,490,00018,282,874,00012,923,954,00019,122,019,00013,338,655,00017,803,603,00012,630,470,00029,516,347,00026,748,788,00026,344,303,00024,791,354,00026,116,742,00024,208,859,00024,604,833,00023,218,540,00024,128,985,00022,207,945,00021,983,195,00019,822,674,00021,143,821,00019,518,732,0002,931,702,406198,242,000189,266,000187,245,000199,588,000205,714,000202,197,000208,695,000211,330,000211,800,000205,035,000204,289,000205,684,000205,457,000198,692,000191,367,000185,874,000188,077,000177,297,000161,463,000153,627,000154,764,000144,116,000131,523,000123,215,000115,064,000104,345,00091,387,00080,554,00078,598,00073,835,00066,531,00065,659,00067,273,00066,420,00060,795,00059,487,00061,508,00066,062,00061,346,00059,695,00056,410,00051,370,00042,785,00038,902,00039,223,00037,904,00034,305,000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,509,911,000
1,829,836,609
213,750,015
0
1,831,914,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
75,434,000
5,016,839,000
127,383,000
5,821,930,000
88,277,000
5,478,304,000
53,429,000
53,429,0005,478,304,00088,277,0005,821,930,000127,383,0005,016,839,00075,434,000000000000000000001,831,914,0000213,750,0151,829,836,6091,509,911,0000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
215,169,474
1,509,911,000
1,829,836,609
213,750,015
141,692,102
1,831,914,000
0
0
147,603,257
0
943,989,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000943,989,0000147,603,257001,831,914,000141,692,102213,750,0151,829,836,6091,509,911,000215,169,474000000000000000000000000000000000000000
       Accounts payable 
34,305,000
37,904,000
39,223,000
38,902,000
42,785,000
51,370,000
56,410,000
59,695,000
61,346,000
66,062,000
61,508,000
59,487,000
60,795,000
66,420,000
67,273,000
65,659,000
66,531,000
73,835,000
78,598,000
80,554,000
91,387,000
104,345,000
115,064,000
123,215,000
131,523,000
144,116,000
154,764,000
153,627,000
161,463,000
177,297,000
188,077,000
185,874,000
191,367,000
198,692,000
205,457,000
205,684,000
204,289,000
205,035,000
211,800,000
211,330,000
208,695,000
202,197,000
205,714,000
199,588,000
187,245,000
189,266,000
198,242,000
2,666,534,419
19,178,491,000
19,455,213,000
19,455,311,000
19,812,136,000
21,686,248,000
21,905,685,000
22,424,494,000
22,283,760,000
23,705,160,000
23,781,987,000
24,082,238,000
23,959,391,000
25,780,886,000
26,575,273,000
27,140,177,000
33,458,000
0
20,041,000
0
25,830,000
0
025,830,000020,041,000033,458,00027,140,177,00026,575,273,00025,780,886,00023,959,391,00024,082,238,00023,781,987,00023,705,160,00022,283,760,00022,424,494,00021,905,685,00021,686,248,00019,812,136,00019,455,311,00019,455,213,00019,178,491,0002,666,534,419198,242,000189,266,000187,245,000199,588,000205,714,000202,197,000208,695,000211,330,000211,800,000205,035,000204,289,000205,684,000205,457,000198,692,000191,367,000185,874,000188,077,000177,297,000161,463,000153,627,000154,764,000144,116,000131,523,000123,215,000115,064,000104,345,00091,387,00080,554,00078,598,00073,835,00066,531,00065,659,00067,273,00066,420,00060,795,00059,487,00061,508,00066,062,00061,346,00059,695,00056,410,00051,370,00042,785,00038,902,00039,223,00037,904,00034,305,000
       Other Current Liabilities 
-34,305,000
-37,904,000
-39,223,000
-38,902,000
-42,785,000
-51,370,000
-56,410,000
-59,695,000
-61,346,000
-66,062,000
-61,508,000
-59,487,000
-60,795,000
-66,420,000
-67,273,000
-65,659,000
-66,531,000
-73,835,000
-78,598,000
-80,554,000
-91,387,000
-104,345,000
-115,064,000
-123,215,000
-131,523,000
-144,116,000
-154,764,000
-153,627,000
-161,463,000
-177,297,000
-188,077,000
-185,874,000
-191,367,000
-198,692,000
-205,457,000
-205,684,000
-204,289,000
-205,035,000
-211,800,000
-211,330,000
-208,695,000
-202,197,000
-205,714,000
-199,588,000
-187,245,000
-189,266,000
-198,242,000
76,642,873
82,549,000
471,073,000
72,056,000
432,525,000
440,878,000
566,904,000
444,395,000
466,453,000
408,924,000
466,821,000
318,930,000
368,216,000
375,852,000
477,467,000
12,555,036,000
12,736,178,000
13,211,272,000
13,262,908,000
12,835,677,000
12,761,687,000
13,083,061,000
13,083,061,00012,761,687,00012,835,677,00013,262,908,00013,211,272,00012,736,178,00012,555,036,000477,467,000375,852,000368,216,000318,930,000466,821,000408,924,000466,453,000444,395,000566,904,000440,878,000432,525,00072,056,000471,073,00082,549,00076,642,873-198,242,000-189,266,000-187,245,000-199,588,000-205,714,000-202,197,000-208,695,000-211,330,000-211,800,000-205,035,000-204,289,000-205,684,000-205,457,000-198,692,000-191,367,000-185,874,000-188,077,000-177,297,000-161,463,000-153,627,000-154,764,000-144,116,000-131,523,000-123,215,000-115,064,000-104,345,000-91,387,000-80,554,000-78,598,000-73,835,000-66,531,000-65,659,000-67,273,000-66,420,000-60,795,000-59,487,000-61,508,000-66,062,000-61,346,000-59,695,000-56,410,000-51,370,000-42,785,000-38,902,000-39,223,000-37,904,000-34,305,000
   > Long-term Liabilities 
65,465,000
73,183,000
85,772,000
70,852,000
79,341,000
128,790,000
75,146,000
96,918,000
124,427,000
121,601,000
136,001,000
136,764,000
144,063,000
182,609,000
157,013,000
159,587,000
170,148,000
212,845,000
264,985,000
247,037,000
303,190,000
314,949,000
309,567,000
383,247,000
433,604,000
456,080,000
491,256,000
513,457,000
587,827,000
687,418,000
693,791,000
634,054,000
632,232,000
740,040,000
712,770,000
737,256,000
714,242,000
740,247,000
829,207,000
774,100,000
898,036,000
979,551,000
1,041,753,000
980,165,000
1,102,321,000
1,120,013,000
1,177,135,000
1,196,006,000
1,343,792,000
1,231,306,000
1,351,847,000
1,598,128,000
1,453,042,000
1,383,604,000
1,435,036,000
1,289,835,000
1,356,751,000
1,324,099,000
1,501,658,000
1,622,652,000
1,751,736,000
2,072,417,000
2,071,322,000
1,998,598,000
2,118,353,000
2,245,189,000
2,131,509,000
2,303,457,000
23,470,254,000
23,470,254,0002,303,457,0002,131,509,0002,245,189,0002,118,353,0001,998,598,0002,071,322,0002,072,417,0001,751,736,0001,622,652,0001,501,658,0001,324,099,0001,356,751,0001,289,835,0001,435,036,0001,383,604,0001,453,042,0001,598,128,0001,351,847,0001,231,306,0001,343,792,0001,196,006,0001,177,135,0001,120,013,0001,102,321,000980,165,0001,041,753,000979,551,000898,036,000774,100,000829,207,000740,247,000714,242,000737,256,000712,770,000740,040,000632,232,000634,054,000693,791,000687,418,000587,827,000513,457,000491,256,000456,080,000433,604,000383,247,000309,567,000314,949,000303,190,000247,037,000264,985,000212,845,000170,148,000159,587,000157,013,000182,609,000144,063,000136,764,000136,001,000121,601,000124,427,00096,918,00075,146,000128,790,00079,341,00070,852,00085,772,00073,183,00065,465,000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,396,976
187,901,000
195,683,272
25,936,769
36,137,212
800,000,000
899,809,125
106,053,808
43,542,924
784,397,000
377,817,000
718,763,000
374,908,000
449,372,000
427,495,000
512,480,000
426,546,000
548,850,000
479,174,000
569,533,000
496,913,000
47,529,000
517,448,000
577,220,000
618,623,000
0
518,539,000
0
0
0
000518,539,0000618,623,000577,220,000517,448,00047,529,000496,913,000569,533,000479,174,000548,850,000426,546,000512,480,000427,495,000449,372,000374,908,000718,763,000377,817,000784,397,00043,542,924106,053,808899,809,125800,000,00036,137,21225,936,769195,683,272187,901,00024,396,976000000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
977,106
0
7,423,446
0
1,022,792
0
0
0
934,506
0
4,586,000
0
4,328,000
0
4,224,000
0
3,931,000
0
4,035,000
0
4,089,000
0
4,231,000
0
0
0
6,167,000
0
0
0
0006,167,0000004,231,00004,089,00004,035,00003,931,00004,224,00004,328,00004,586,0000934,5060001,022,79207,423,4460977,106000000000000000000000000000000000000000
> Total Stockholder Equity
330,109,000
325,609,000
389,753,000
420,977,000
447,015,000
454,030,000
478,158,000
465,966,000
492,563,000
504,776,000
533,592,000
555,475,000
592,099,000
576,326,000
620,509,000
696,792,000
744,886,000
733,598,000
773,545,000
811,141,000
863,454,000
863,526,000
908,760,000
941,732,000
1,002,812,000
992,374,000
1,041,367,000
1,065,951,000
1,139,141,000
1,137,914,000
1,197,823,000
1,242,179,000
1,305,859,000
1,301,430,000
1,363,375,000
1,434,020,000
1,499,405,000
1,494,865,000
1,559,403,000
1,576,500,000
1,637,408,000
1,628,445,000
1,692,138,000
1,779,760,000
1,837,377,000
1,848,266,000
1,922,123,000
1,976,463,000
2,053,093,000
2,055,756,000
2,136,034,000
2,216,257,000
2,316,047,000
2,281,066,000
2,322,319,000
2,364,808,000
2,444,774,000
2,436,972,000
2,522,495,000
2,588,231,000
2,673,273,000
2,659,227,000
2,791,212,000
2,856,733,000
2,942,274,000
2,935,258,000
3,076,304,000
3,150,145,000
3,102,157,000
3,102,157,0003,150,145,0003,076,304,0002,935,258,0002,942,274,0002,856,733,0002,791,212,0002,659,227,0002,673,273,0002,588,231,0002,522,495,0002,436,972,0002,444,774,0002,364,808,0002,322,319,0002,281,066,0002,316,047,0002,216,257,0002,136,034,0002,055,756,0002,053,093,0001,976,463,0001,922,123,0001,848,266,0001,837,377,0001,779,760,0001,692,138,0001,628,445,0001,637,408,0001,576,500,0001,559,403,0001,494,865,0001,499,405,0001,434,020,0001,363,375,0001,301,430,0001,305,859,0001,242,179,0001,197,823,0001,137,914,0001,139,141,0001,065,951,0001,041,367,000992,374,0001,002,812,000941,732,000908,760,000863,526,000863,454,000811,141,000773,545,000733,598,000744,886,000696,792,000620,509,000576,326,000592,099,000555,475,000533,592,000504,776,000492,563,000465,966,000478,158,000454,030,000447,015,000420,977,000389,753,000325,609,000330,109,000
   Common Stock
224,689,000
224,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
233,689,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000
250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000250,011,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000233,689,000224,689,000224,689,000
   Retained Earnings 
43,092,000
17,211,000
23,641,000
32,164,000
64,263,000
60,616,000
80,401,000
59,593,000
85,827,000
95,809,000
126,115,000
136,112,000
171,253,000
145,185,000
184,936,000
195,950,000
243,075,000
229,648,000
275,827,000
289,266,000
340,736,000
323,600,000
375,435,000
391,034,000
450,253,000
371,887,000
427,701,000
444,084,000
509,801,000
484,539,000
544,150,000
558,705,000
625,630,000
598,917,000
658,460,000
672,154,000
740,034,000
712,609,000
773,058,000
786,860,000
856,844,000
821,433,000
884,286,000
886,921,000
930,275,000
931,325,000
997,475,000
990,872,000
1,067,629,000
1,068,239,000
1,139,380,000
1,116,529,000
1,197,319,000
1,174,019,000
1,241,087,000
1,239,295,000
1,322,855,000
1,311,434,000
1,390,135,000
1,394,797,000
1,483,435,000
1,461,936,000
1,547,382,000
1,527,995,000
1,618,660,000
1,599,873,000
1,686,585,000
1,674,405,000
1,761,103,000
1,761,103,0001,674,405,0001,686,585,0001,599,873,0001,618,660,0001,527,995,0001,547,382,0001,461,936,0001,483,435,0001,394,797,0001,390,135,0001,311,434,0001,322,855,0001,239,295,0001,241,087,0001,174,019,0001,197,319,0001,116,529,0001,139,380,0001,068,239,0001,067,629,000990,872,000997,475,000931,325,000930,275,000886,921,000884,286,000821,433,000856,844,000786,860,000773,058,000712,609,000740,034,000672,154,000658,460,000598,917,000625,630,000558,705,000544,150,000484,539,000509,801,000444,084,000427,701,000371,887,000450,253,000391,034,000375,435,000323,600,000340,736,000289,266,000275,827,000229,648,000243,075,000195,950,000184,936,000145,185,000171,253,000136,112,000126,115,00095,809,00085,827,00059,593,00080,401,00060,616,00064,263,00032,164,00023,641,00017,211,00043,092,000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
62,328,000
83,709,000
132,423,000
155,124,000
149,063,000
159,725,000
164,068,000
172,684,000
173,047,000
175,278,000
173,788,000
185,674,000
187,157,000
197,452,000
201,884,000
250,831,000
251,800,000
253,939,000
247,707,000
271,864,000
272,707,000
289,915,000
283,314,000
300,687,000
302,548,000
370,476,000
363,655,000
371,856,000
379,329,000
403,364,000
403,662,000
433,463,000
430,218,000
452,502,000
454,904,000
492,196,000
489,701,000
512,586,000
516,675,000
519,970,000
510,894,000
537,342,000
538,182,000
563,192,000
577,455,000
587,294,000
595,001,000
655,944,000
655,817,000
657,870,000
667,007,000
770,081,000
789,081,000
777,400,000
751,585,000
815,525,000
811,931,000
815,550,000
822,372,000
883,446,000
879,850,000
887,303,000
79,982,000
215,644,000
79,991,000
215,644,000
139,991,000
275,610,000
0
0275,610,000139,991,000215,644,00079,991,000215,644,00079,982,000887,303,000879,850,000883,446,000822,372,000815,550,000811,931,000815,525,000751,585,000777,400,000789,081,000770,081,000667,007,000657,870,000655,817,000655,944,000595,001,000587,294,000577,455,000563,192,000538,182,000537,342,000510,894,000519,970,000516,675,000512,586,000489,701,000492,196,000454,904,000452,502,000430,218,000433,463,000403,662,000403,364,000379,329,000371,856,000363,655,000370,476,000302,548,000300,687,000283,314,000289,915,000272,707,000271,864,000247,707,000253,939,000251,800,000250,831,000201,884,000197,452,000187,157,000185,674,000173,788,000175,278,000173,047,000172,684,000164,068,000159,725,000149,063,000155,124,000132,423,00083,709,00062,328,000



Balance Sheet

Currency in CNY. All numbers in thousands.