2022

TOTAL ASSETS ### 100.00%

Total Current Assets 8,877,822,091,860 43.38%
Cash and cash equivalents 1,602,587,113,047 7.83%
Cash 374,987,113,047 1.83%
Cash equivalents 1,227,600,000,000 6.00%
Short-term financial Investment 5,313,061,859,331 25.96%
Investment held until maturity 5,313,061,859,331 25.96%
Short-term receivables 1,879,162,382,953 9.18%
Short-term receivables from customers 123,029,215,178 0.60%
Short-term advances to suppliers 1,954,028,351 0.01%
Short-term loan receivables 422,900,000,000 2.07%
Other short-term receivables 1,339,448,688,379 6.55%
Provision for doubtful debts -8,169,548,955 -0.04%
Inventory 355,438,253 0.00%
Inventory 355,438,253 0.00%
Other current assets 82,655,298,276 0.40%
Short-term prepaid expenses 2,355,887,790 0.01%
Value added tax is deductible 76,242,547,177 0.37%
Taxes and other amounts receivable from the state 4,056,863,309 0.02%
Long-term assets ### 56.62%
Long-term receivables
Receivables from long-term loans
Fixed assets 1,980,893,006,685 9.68%
Tangible fixed assets 1,948,087,485,760 9.52%
Historical cost 2,253,214,928,543 11.01%
Accumulated depreciation value -305,127,442,783 -1.49%
Intangible fixed assets 32,805,520,925 0.16%
Historical cost 132,216,392,831 0.65%
Accumulated amortisation -99,410,871,906 -0.49%
Long-term asset in progress 116,690,829,404 0.57%
Construction in progress 116,690,829,404 0.57%
Long-term investments 9,432,613,409,012 46.09%
Investments in subsidiaries 8,939,613,409,012 43.68%
Investments in associates 492,500,000,000 2.41%
Equity investments in other entities 500,000,000 0.00%
Other long-term assets 56,518,943,393 0.28%
Long-term prepaid expenses 24,007,939,167 0.12%
Deferred income tax assets 32,511,004,226 0.16%

TOTAL LIABILITIES + EQUITY ### 100.00%

LIABILITIES 6,870,450,939,076 33.57%
Short-term liabilities 5,538,104,171,392 27.06%
Short-term trade accounts payable 1,626,248,311,920 7.95%
Short-term advances from customers 7,476,087,961 0.04%
Tax and other payables to the State 2,697,077,712 0.01%
Payables to employees 26,896,324,811 0.13%
Short-term accrued expenses 122,535,571,903 0.60%
Short-term uneamed revenue 6,629,469,139 0.03%
Other short-term payables 542,628,306,034 2.65%
Short-term borrowings 4,025,000,000,000 19.67%
Short-term provisions 19,400,000,000 0.09%
Bonus and welfare fund 158,593,021,912 0.77%
Long-term liabilities 1,332,346,767,684 6.51%
Long-term unearned revenue 233,105,577,144 1.14%
Long-term borrowings 1,099,205,700,000 5.37%
Deferred income tax liabilities 35,490,540 0.00%

OWNERS’ EQUITY ### 66.43%

Capital and reserves ### 66.43%
Owners’ capital ### 53.61%
- Ordinary shares with voting rights ### 53.61%
Share premium 49,941,441,360 0.24%
Treasury shares 0.00%
Investment and development fund 103,009,261 0.00%
Other reserves 87,203,093,024 0.43%
Undistributed earings 2,486,574,077,633 12.15%
- Undistributed post-tax profits of previous years 447,315,612,816 2.19%
- Undistributed post-tax profit of current year 2,039,258,464,817 9.96%
 2021 2020
19,651,313,685,470 100.00% 16,604,172,723,297
9,709,383,802,038 49.41% 8,198,590,237,083
2,096,322,957,509 10.67% 2,062,744,834,148
428,322,957,509 2.18% 151,644,834,148
1,668,000,000,000 8.49% 4,911,100,000,000
5,778,900,000,000 29.41% 4,834,100,000,000
5,778,900,000,000 29.41% 4,534,100,000,000
1,745,698,321,469 8.88% 1,530,680,636,913
123,051,205,676 0.63% 103,692,219,466
27,261,022,850 0.14% 100,494,422,801
405,325,000,000 2.06% 195,500,000,000
1,191,430,940,776 6.06% 1,139,494,264,022
-1,369,847,833 -0.01% -8,500,269,376
947,836,253 0.00% 8,129,915,288
947,836,253 0.00% 8,129,915,288
87,514,686,807 0.45% 62,934,850,734
5,200,019,846 0.03% 3,370,626,124
78,257,803,652 0.40% 59,529,421,982
4,056,863,309 0.02% 34,802,628
9,941,929,883,432 50.59% 8,405,582,486,214
400,000,000 0.00% 400,000,000
400,000,000 0.00% 400,000,000
1,989,611,749,089 10.12% 340,335,618,970
1,964,991,660,866 10.00% 328,421,086,062
2,157,917,378,291 10.98% 494,420,950,331
-192,925,717,425 -0.98% -165,999,864,269
24,620,088,223 0.13% 11,914,532,908
104,887,409,954 0.53% 81,059,561,892
-80,267,321,731 -0.41% -69,145,028,984
39,136,595,453 0.20% 1,340,743,130,808
39,136,595,453 0.20% 1,340,743,130,808
7,882,613,409,012 40.11% 6,722,613,409,012
7,389,613,409,012 37.60% 6,229,613,409,012
492,500,000,000 2.51% 492,500,000,000
500,000,000 0.00% 500,000,000
30,168,129,878 0.15% 1,490,327,424
18,798,434,851 0.10% 1,490,327,424
11,369,695,027 0.06%

19,651,313,685,470 100.00% 16,604,172,723,297

 7,249,555,305,009 36.89% 5,498,847,412,441
5,910,587,954,096 30.08% 5,249,581,662,441
653,609,107,701 3.33% 473,313,612,285
9,718,538,547 0.05% 365,063,567
1,284,228,387 0.01% 4,357,222,239
23,909,450,344 0.12% 30,968,596,336
125,208,220,729 0.64% 39,671,569,536
7,790,157,327 0.04% 3,847,703,821
233,087,433,391 1.19% 269,620,587,064
4,648,000,000,000 23.65% 4,295,030,000,000
18,000,000,000 0.09% 10,189,080,000
189,980,817,670 0.97% 122,218,227,593
1,338,967,350,913 6.81% 249,265,750,000
239,735,046,288 1.22% 249,265,750,000
1,099,205,700,000 5.59%
26,604,625 0.00%

12,401,758,380,461 63.11% 11,105,325,310,856

12,401,758,380,461 63.11% 11,105,325,310,856
9,075,516,490,000 46.18% 7,839,874,860,000
9,075,516,490,000 46.18% 7,839,874,860,000
49,941,441,360 0.25% 49,941,441,360
-823,760,000 0.00% -823,760,000
103,009,261 0.00% 103,009,261
87,203,093,024 0.44% 87,203,093,024
3,189,818,106,816 16.23% 3,129,026,667,211
1,156,367,839,211 5.88% 1,028,610,004,465
2,033,450,267,605 10.35% 2,100,416,662,746
2020
100.00%
49.38%
12.42%
0.91%
29.58%
29.11%
27.31%
9.22%
0.62%
0.61%
1.18%
6.86%
-0.05%
0.05%
0.05%
0.38%
0.02%
0.36%
0.00%
50.62%
0.00%
0.00%
2.05%
1.98%
2.98%
-1.00%
0.07%
0.49%
-0.42%
8.07%
8.07%
40.49%
37.52%
2.97%
0.00%
0.01%
0.01%

100.00%
33.12%
31.62%
2.85%
0.00%
0.03%
0.19%
0.24%
0.02%
1.62%
25.87%
0.06%
0.74%
1.50%
1.50%

66.88%
66.88%
47.22%
47.22%
0.30%
0.00%
0.00%
0.53%
18.84%
6.19%
12.65%
 2022
Total Revenue 4,118,368,571,200 100.00%
Revenue from sales of goods and rendering of services 478,223,867,884 11.61%
Less deduction
Net revenue from sales of services 478,223,867,884 11.61%
Cost of services rendered 51,980,583,397 1.26%
Gross profit from sales of services 426,243,284,487 10.35%
Financial income 3,640,049,597,778 88.39%
Financial expenses 241,935,764,238 5.87%
- Including: Interest expense 241,666,859,099 5.87%
Selling expenses 1,818,937,389 0.04%
General and administration expenses 708,068,328,199 17.19%
Net operating profit 3,114,469,852,439 75.62%
Other income 777,866,632 0.02%
Other expenses 95,105,538 0.00%
Net other income 682,761,094 0.02%
Net accounting profit before tax 3,115,152,613,533 75.64%
Corporate income tax ("CIT") - current
CIT - deferred -21,132,423,284 -0.51%
Net profit after tax 3,136,285,036,817 76.15%
 2021
3,782,912,759,937 100.00%
401,008,821,298 10.60%

401,008,821,298 10.60%
88,563,927,849 2.34%
312,444,893,449 8.26%
3,381,173,543,195 89.38%
233,763,317,924 6.18%
233,796,715,258 6.18%
7,230,524,202 0.19%
523,178,632,267 13.83%
2,929,445,962,251 77.44%
905,925,070 0.02%
730,395,444 0.02%
175,529,626 0.00%
2,929,621,491,877 77.44%
45,041,674 0.00%
-11,343,090,402 -0.30%
2,940,919,540,605 77.74%
 2020
3,481,543,009,816 100.00%
291,964,092,178 8.39%

291,964,092,178 8.39%
70,845,327,323 2.03%
221,118,764,855 6.35%
3,189,254,995,222 91.60%
139,062,950,468 3.99%
138,911,372,017 3.99%
4,380,835,730 0.13%
373,815,162,930 10.74%
2,893,114,810,949 83.10%
339,058,283 0.01%
323,922,416 0.01%
15,135,867 0.00%
2,893,129,946,816 83.10%
8,808,174,070 0.25%

2,884,921,112,140 82.86%
Liquidity Ratios 2022 2021 2020
Current ratio 1.2922 1.3393 1.4910
Quick ratio 1.6030 1.6425 1.5602

Efficiency Ratios 2022 2021 2020

Inventory turnover 146.2436 93.4380 8.7142
DSI 2.4958 3.9063 41.8859
Account receivable turnover 3.8871 3.2589 2.8157
DSO 93.9009 112.0018 129.6312
Total asset turnover 0.023 0.020 0.018
Fixed asset turnover 0.241 0.241 0.858

Leverage Ratios 2022 2021 2020

Total debt ratio 0.012 0.013 0.015
Debt to equity 0.018 0.020 0.023
Equity multiplier 1.495 1.585 1.495
Times Interest Earned 2.007 2.004 1.997
Cash Coverage 2.105 2.070 2.055

Profitability Ratios 2022 2021 2020

Gross profit margin 89.13% 89.13% 89.13%
Operating profit margin 701.93% 788.86% 1038.50%
Net profit margin 655.82% 733.38% 988.11%
ROA 15.33% 14.97% 17.37%
ROE 23.07% 23.71% 25.98%

Market-value Indicators 2022 2021 2020

Earnings per share(EPS) 5,252.00 5,065.00 4,744.00
Price - Earnings Ratio 14.64 18.36 12.44
Market - to - Book 3.33 3.94 2.49