CMOC Group Limited — Interim / Quarterly Report 2021

Oct 27, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Stock Code: 03993)

2021 THIRD QUARTERLY FINANCIAL REPORT

The board of directors (the “ Board ”) of China Molybdenum Co., Ltd. (the “ Company ” or “ CMOC ”) is pleased to announce the unaudited results of the Company and its subsidiaries (collectively the “ Group* ”) prepared in accordance with the Accounting Standards for Business Enterprises of the People’s Republic of China for the third quarter ended 30 September 2021. This announcement is made pursuant to Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

• For identification purposes only

• This report was prepared in both Chinese and English versions. Where there is discrepancy between the Chinese and English versions, the Chinese version shall prevail.

– 1 –

I. IMPORTANT NOTICE

• 1.1 The Board, the supervisory committee, the directors, supervisors and senior management of the Company warrant the truthfulness, accuracy and completeness of the contents set out in this quarterly report, and that it contains no false representation, misleading statement nor material omission, and assume several and joint legal responsibilities.

• 1.2 Yuan Honglin, the person in charge of the Company, Wu Yiming, the person in charge of accounting affairs and Xu Bin, the person responsible for the accounting department, warrant the truthfulness, accuracy and completeness of the financial statements in this quarterly report.

• 1.3 The third quarterly financial report of the Company is unaudited.

II. BASIC INFORMATION OF THE COMPANY

• 2.1 Key Financial Data and Financial Indicator

Unit: Yuan Currency: RMB

		Increase/decrease as	From the beginning	Increase/decrease as
		compared with the	of the year	compared with the
	Amount for the	same period	to the end of the	same period
Items	reporting period	last year	reporting period	last year
		(%)		(%)
Operating revenue	41,742,674,607.26	24.37	126,558,604,943.52	57.59
Net profit attributable to
the shareholders of
the listed company	1,149,559,510.72	91.06	3,558,157,949.42	121.07
Net profit after deduction
of non-recurring
profits or losses
attributable to the
shareholders of the
listed company	513,044,171.59	108.60	1,914,066,244.72	153.95
Net cash flow from
operating activities	N/A	N/A	2,514,763,641.12	-73.97
Basic earnings per share
(RMB Yuan/Share)	0.053	89.29	0.165	120.00
Diluted earnings per
share (RMB Yuan/
Share)	0.053	N/A	0.165	N/A
Weighted average rate of
return on net assets		Increased by 1.29		Increased by 5.05
(%)	2.80	percentage points	9.00	percentage points

– 2 –

			Increase/decrease
			as at the end of the
			reporting period as
	As at the end of the	As at the end	compared with the
	reporting period	of last year	end of last year
			(%)
Total assets	141,895,424,928.41	122,441,249,889.87	15.89
Net assets attributable to the
shareholders
of the listed company	39,466,452,822.89	38,891,780,788.15	1.48

Note: “Reporting period” refers to the three-month period from the beginning of the quarter to the end of the quarter, the same as below

2.2 Items and amounts for non-recurring profits or losses

Unit: Yuan Currency: RMB

		From the
		beginning of the
		year to the end
	Amount for	of the reporting
Items	the period	period	Notes
Profits or losses from disposal of
non-current assets (Including the write-
off of asset impairment provision)	-1,456,004.76	-1,705,978.25
Government grants included in profit and
loss for the period, except for those
closely relevant to the Company’s
normal business and in compliance			Including subsidies for
with national policies and regulations			low-grade scheelite
and granted continuously according to			project of RMB5
certain standardized amounts or quotas	20,718,518.47	40,285,548.18	million
Profit and loss arising from changes in fair
value and disposal of held-for-trading
financial assets, derivative financial
assets, held-for-trading financial
liabilities, derivative financial liabilities			Including changes in
and other non-current financial assests,			fair value of derivate
except for those effectively hedged			financial instruments
associated with normal business			of IXM amounting to
operations of the Company	387,023,383.23	-2,368,236,730.90	RMB -2,707 million.
Other losses in changes of fair value	-2,481,358.50	-7,415,235.97
Loss on impairment of long-term assets	-120,570.57	-17,094,025.51
Donation expenditure	-5,153,926.95	-13,896,722.84

– 3 –

Items Gains or losses in changes of fair value of assets and liabilities including trading inventories measured at fair value of IXM’s metal trading business Other non-operating income or expenses other than the above items Other profit/loss items falling within the definition of non-recurring profit and loss Income tax effects Effects of Non-controlling interests (after tax) Total	Amount for the period 394,086,743.41 -1,233,676.76 -178,194.90 -154,671,228.31 -18,345.23 636,515,339.13	From the beginning of the year to the end of the reporting period Notes 4,287,344,232.34 6,989,741.02 1,165,641.55 Income from disposal of subsidiaries. -283,616,956.24 272,191.32 1,644,091,704.70

• 2.3 Particulars of and reasons for material changes in major accounting items and financial indicators of the Company

Items	Increase/ Decrease	Major Reasons
	(%)
Cash and bank balances	62.88	The increase in cash and bank balances
		was mainly due to the increase of cash
		received from operating activies of
		mining business and the increase of
		liquidity reserve during the period.
Held-for-trading financial	32.07	The increase in held-for-trading financial
assets		assets was mainly due to the increase of
		structured deposits during the period.
Prepayments	82.50	The increase in balance was mainly due to
		the increase of the prepayment of basic
		metal trading business.
Other receivables	34.18	The increase in other receivables was
		mainly due to the increase of tax refund
		receivables of copper-cobalt business
		and the increase of OTC unwind of
		basic metal trading business during the
		period.

– 4 –

Items	Increase/ Decrease	Major Reasons
	(%)
Short-term borrowings	55.79	The increase in short-term loan was mainly
		due to the increase of the borrowings
		during the period.
Held-for-trading financial	36.48	The increase in held-for-trading financial
liabilities		liabilities was mainly due to the increase
		of gold lease business during the period.
Derivative financial liabilities	-38.83	The decrease in derivative financial
		liabilities was mainly due to the increase
		of fair value and the settlement of
		derivative financial instruments during
		the period.
Notes payable	63.62	The increase in note payables was mainly
		due to the increase of payables for goods
		via notes during the period.
Accounts payable	39.69	The increase in accounts payable was
		mainly due to the increase of payables
		for purchase of goods of mining
		business during the period.
Taxes payable	116.60	The increase in tax payables was mainly
		due to the increase of income tax
		payables of copper and cobalt business
		during the period.
Other payables	92.35	The increase in other payables was mainly
		due to the receipt of the earnest money
		for transfer of equity interests from
		Kisanfu copper-cobalt mine during the
		period.
Bonds payable	-40.79	The decrease in bonds payable was mainly
		due to the bonds in USD transferred to
		current liabilities during the period.
Other non-current liabilities	237.61	The increase in other non-current liabilities
		was mainly due to the increase of
		long-term receipts in advance during the
		period.
Other comprehensive income	-44.85	The difference was mainly due to the
		cash flow hedge reserves and exchange
		difference on translation of financial
		statements in foreign currencies.
Operating income	57.59	The increase in operating revenue was
		mainly due to the rising copper and
		cobalt market prices and the growth in
		basic metal trading business scale during
		the period.

– 5 –

Items	Increase/ Decrease	Major Reasons
	(%)
Operating costs	52.70	The increase in operating costs was mainly
		due to the growth in basic metal trading
		business scale during the period.
Gains from changes in fair	-155.44	The increase in losses from changes in fair
value		value was mainly due to the increase
		of changes in fair value of derivative
		financial instruments during the period.
Losses from assets impairment	-845.25	The increase in losses from assets
		impairment was mainly due to increase
		of losses on decline in value of
		inventories and fixed assets during the
		period.
Income tax expenses	1,039.67	The increase in income tax expenses was
		mainly due to the increase of the profits
		from copper and cobalt business during
		the period.
Net cash flow from operating	-73.97	The decrease in the net cash flow from
activities		operating activities was mainly due
		to the decrease of basic metal trading
		activities of RMB4.4 billion as
		compared to the same period last year.
Net cash flow from investing	-167.01	The decrease in the net cash flow from
activities		investing activities was mainly due
		to the increase of cash payments for
		the settlement of derivative financial
		instruments and the derease of cash
		receipts for the settlement of structured
		deposits as compared to the same period
		last year.
Net cash flow from financing	22,618.67	The increase in the net cash flow from
activities		financing activities was mainly due to
		the increase of borrowings.

– 6 –

III. INFORMATION OF SHAREHOLDERS

3.1. Table showing total number of common shareholders, the number of preferred shareholders with restored voting rights and the shareholding of the top 10 shareholders

Total number of common shareholders Total number of Preferred shareholders with restored voting (shareholder) as at the end of the rights as at the end of the reporting period (if any) reporting period 440,551 N/A

Shareholding of the top 10 shareholders

Unit: 0’000 Shares

				Number of	Subject to	pledge
			Percentage	shares held	or moratorium
	Nature	Number of	of	with selling	Status
Name of shareholders	of shareholders	shareholding	shareholding	restrictions	of shares	Number
			(%)
Cathay Fortune Corporation	Domestic non-	533,322.00	24.69	0	Nil	0
(鴻商產業控股集團有限公司)	state owned
	legal person
Luoyang Mining Group Co., Ltd. (洛	State-owned legal	532,978.04	24.68	0	Nil	0
陽礦業集團有限公司)	person
HKSCC NOMINEES LIMITED(香港	Foreign legal	359,584.63	16.65	0	Unknown	0
中央結算（代理人）有限公司)	person
Jianxin Fund – Industrial and	Unknown	47,689.50	2.21	0	Nil	0
Commercial Bank of China –
Shaanxi Province International
Trust – Shan Guotou - Jinyu No. 6
Directional Investment Collection
Fund Trust Plan(建信基金－工商
銀行－陝西省國際信託－陝國
投-金玉6號定向投資集合資金
信託計畫)
Hong Kong Securities Clearing	Foreign legal	44,527.40	2.06	0	Nil	0
Company Ltd.(香港中央結算有	person
限公司)
China Structural Reform Fund	State-owned legal	18,148.26	0.84	0	Nil	0
Corporation Limited (中國國有企	person
業結構調整基金股份有限公司)
China Construction Bank Company	Unknown	17,777.98	0.82	0	Nil	0
Ltd. -Huaxia Energy Innovation
Equity Funds (中國建設銀行股
份有限公司－華夏能源革新股
票型證券投資基金)
Ningbo Shanshan Venture Capital Co.,	Domestic non -	15,000.00	0.69	0	Pledge	15,000.00
Ltd.寧波杉杉創業投資有限公	state owned
司	legal person

– 7 –

				Number of	Subject to	pledge
			Percentage	shares held	or moratorium
	Nature	Number of	of	with selling	Status
Name of shareholders	of shareholders	shareholding	shareholding	restrictions	of shares	Number
			(%)
Shaanxi Province International Trust	Unknown	10,908.70	0.51	0	Nil	0
Company Ltd.– Shan Guotou
Jinyu No. 6 Directional Investment
Collection Fund Trust Plan (陝西
省國際信託股份有限公司－陝
國投金玉6號定向投資集合資
金信託計劃)
代德明	Domestic natural	7,613.45	0.35	0	Nil	0
	person

Shareholding of the top 10 shareholders not subject to trading moratorium

Name of shareholders	Number of tradable	Types and quantity of shares	Types and quantity of shares
	shares not subject
	to trading moratorium	Types	Quantity
Cathay Fortune Corporation	533,322.00	RMB-denominated	533,322.00
(鴻商產業控股集團有限公司)		ordinary shares
		(A shares) and
		overseas listed
		foreign- invested
		shares (H shares)
Luoyang Mining Group Co., Ltd.	532,978.04	RMB-denominated	532,978.04
(洛陽礦業集團有限公司)		ordinary shares
		(A shares)
HKSCC NOMINEES LIMITED (香港中央結算	359,584.63	Overseas listed foreign-	359,584.63
（代理人）有限公司)		invested shares
		(H shares)
Jianxin Fund – Industrial and Commercial Bank of	47,689.50	RMB-denominated	47,689.50
China – Shaanxi Province International Trust –		ordinary shares
Shan Guotou Jinyu No. 6 Directional Investment		(A shares)
Collection Fund Trust Plan (建信基金－工商銀
行－陝西省國際信託－陝國投金玉6號定向
投資集合資金信託計劃)
Hong Kong Securities Clearing Company Ltd.	44,527.40	RMB-denominated	44,527.40
(香港中央結算有限公司)		ordinary shares
		(A shares)
China Structural Reform Fund Corporation Limited	18,148.26	RMB-denominated	18,148.26
(中國國有企業結構調整基金股份有限公司)		ordinary shares
		(A shares)

– 8 –

Name of shareholders	Number of tradable	Types and quantity of shares	Types and quantity of shares
	shares not subject
	to trading moratorium	Types	Quantity
China Construction Bank Company Ltd. -Huaxia	17,777.98	RMB-denominated	17,777.98
Energy Innovation Equity Funds (中國建設銀行		ordinary shares
股份有限公司－華夏能源革新股票型證券		(A shares)
投資基金)
Ningbo Shanshan Venture Capital Co., Ltd. (寧波杉	15,000.00	RMB-denominated	15,000.00
杉創業投資有限公司)		ordinary shares
		(A shares)
Shaanxi Province International Trust Company Ltd.–	10,908.70	RMB-denominated	10,908.70
Shan Guotou Jinyu No. 6 Directional Investment		ordinary shares
Collection Fund Trust Plan (陝西省國際信託股		(A shares)
份有限公司－陝國投金玉6號定向投資集合
資金信託計劃)
Dai Deming (代德明)	7,613.45	RMB-denominated	7,613.45
		ordinary shares
		(A shares)
Explanation of the aforesaid shareholders’	Cathay Fortune International Company Limited (鴻商產業國際有
related relations or concerted action	限公司) and Cathay	Fortune Investment Limited (鴻商投資有
	限公司)，which are wholly-owned subsidiaries of Cathay Fortune
	Corporation (鴻商產業控股集團有限公司), hold 303 million
	H shares of the Company, which were registered under HKSCC
	NOMINEES LIMITED (香港中央結算（代理人）有限公司).
	Cathay Fortune Corporation, which holds a total of 5,333.22 million
	shares of the Company, accounting for 24.69% of the shareholding, is
	the controlling shareholder of the Company.

Explanation of the top 10 shareholders and the top 10 unlimited shareholders participating in margin trading and refinancing business (if any)

Cathay Fortune Corporation ( 鴻商產業控股集團有限公司 ) owns 3,637,170,000 shares through its ordinary account and 1,696,050,000 shares through its credit guarantee account; Dai Deming owns 36,134,500 shares through its ordinary account and 40,000,000 shares through its credit guarantee account

• Note: The Company’s repurchase account and employee stock ownership plan account are not listed in the “Shareholdings of the top 10 shareholders”. On 17 June, 2021, 48,513,287 shares of the Company’s repurchase account were transferred to the “CMOC – Phase I of 2021 Employee Stock Ownership Plan” through a non-transaction transfer. As of 30 September 2021 the Company repurchased 86,144,064 A shares through the special repurchase account by way of centralized competitive bidding.

– 9 –

IV. ADDITIONAL NOTES

4.1. Production and sales volume of principal products

					Production
					volume increase/	Sales volume
					decrease for the	increase/decrease
					reporting period	for the reporting
					as compared	period as compared
			Production	Sales	with the same	with the same
Principal products		Unit	volume	volume	period last year	period last year
					(%)	(%)
Metal exploration
and processing
(Note 1)
Molybdenum		Tonnes	11,868	13,317	17.12	26.77
Tungsten		Tonnes	6,447	6,382	-3.43	1.11
Niobium		Tonnes	6,270	5,788	-13.32	-23.48
Phosphate(HA+LA)		Tonnes	838,154	926,681	1.69	10.54
Copper(TFM)		Tonnes	152,329	145,888	7.30	1.37
Cobalt		Tonnes	11,100	10,869	5.65	-15.05
Copper(80% equity
interest of NPM)		Tonnes	17,584	14,759	-11.88	-23.03
Gold(80% equity
interest of NPM)		Ounces	15,212	12,168	0.43	-22.43
					Purchase volume	Sales volume
					increase/decrease	increase/decrease
					for the reporting	for the reporting
					period as compared	period as compared
			Purchase	Sales	with the same	with the same
		Unit	volume	volume	period last year	period last year
					(%)	(%)
Mineral trading
Mineral metals	(Note 2)	Tonnes	2,102,616	2,039,263	18.08	30.83
Refined metals	(Note 3 )	Tonnes	2,807,648	2,801,857	59.25	53.61

Note 1: Data relating to production volume, sales volume in the mining and processing stage of the mines is provided by each mine.

Note 2: the primary products of metal minerals, mainly are the concentrates.

Note 3: the smelting and processing products of metal minerals.

– 10 –

4.2. Progress of major projects

1. The Company rolled out its phase II share repurchase plan on July 14th to establish an effective, multidimensional, and multilayered incentive system and maintain consistency of long-term interests of the Company, employees, and shareholders. As of September 30th, a total of 86,144,064 shares were repurchased.

2. The 10K expansion and efficiency improvement plan of TFM copper and cobalt mine was successfully put into full production in late September 2021 after entering the trial production phase.

3. TFM mixed ore development project was approved by the Board of Directors in August 2021 and is now in progress.

4. ESG performance continues to improve. In the latest MSCI report issued, the ESG rating of CMOC was upgraded from BBB to A, among top tier of the industry. Meanwhile, stronger efforts were made in responsible supply chain of mineral products with Re|Source, the blockchain solution to cobalt traceability, being piloted in a wider range and to be implemented by Tesla within this year.

5. CMOC Digitalization Program was rolled out firm-wide in September to build an integrated platform of shared ERP, OA, procurement, sales, expenditure, and finance functions, set up a procurement and sales portal applicable to global operations, and further improve the efficiency of shared services of finance and HR.

– 11 –

V. QUARTERLY FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEET 30 September 2021

Items Current assets: Cash and bank balances Held-for-trading financial assets Derivative financial assets Accounts receivable Financing receivables Prepayments Other receivables Including: Interests receivable Dividends receivable Inventories Other current assets Total current assets Non-current assets: Long-term equity investments Other investments in equity instruments Other non-current financial assets Non-current derivative financial assets Fixed assets Construction in progress Right-of-use assets Intangible assets Long-term inventories Goodwill Long-term prepaid expenses Deferred tax assets Other non-current assets Total non-current assets Total assets	Unit: Yuan Currency: RMB Unaudited 30 September 2021 31 December 2020 27,604,279,883.84 16,947,648,080.87 9,819,915,298.23 7,435,128,840.50 2,507,575,229.44 2,060,111,110.42 880,110,276.62 702,193,713.91 555,522,753.27 405,697,607.38 2,565,590,047.62 1,405,838,288.25 2,249,862,619.42 1,676,752,484.31 396,211,059.91 344,628,170.18 42,400,000.00 0.00 26,002,494,276.06 21,170,188,531.54 4,830,774,121.54 5,436,087,014.38 77,016,124,506.04 57,239,645,671.56 1,279,137,258.13 1,348,252,898.68 86,213,666.94 86,214,350.23 4,061,686,104.40 4,678,191,536.17 28,824,643.91 0.00 24,072,136,371.31 23,328,330,597.04 3,564,724,775.46 3,958,981,388.37 415,566,317.26 487,786,129.11 20,088,082,329.39 21,511,518,662.57 6,165,599,343.47 5,845,918,877.35 393,866,372.16 396,265,256.07 174,554,962.16 127,533,613.45 807,941,714.68 497,166,341.93 3,740,966,563.10 2,935,444,567.34 64,879,300,422.37 65,201,604,218.31 141,895,424,928.41 122,441,249,889.87	Unit: Yuan Currency: RMB Unaudited 30 September 2021 31 December 2020 27,604,279,883.84 16,947,648,080.87 9,819,915,298.23 7,435,128,840.50 2,507,575,229.44 2,060,111,110.42 880,110,276.62 702,193,713.91 555,522,753.27 405,697,607.38 2,565,590,047.62 1,405,838,288.25 2,249,862,619.42 1,676,752,484.31 396,211,059.91 344,628,170.18 42,400,000.00 0.00 26,002,494,276.06 21,170,188,531.54 4,830,774,121.54 5,436,087,014.38 77,016,124,506.04 57,239,645,671.56 1,279,137,258.13 1,348,252,898.68 86,213,666.94 86,214,350.23 4,061,686,104.40 4,678,191,536.17 28,824,643.91 0.00 24,072,136,371.31 23,328,330,597.04 3,564,724,775.46 3,958,981,388.37 415,566,317.26 487,786,129.11 20,088,082,329.39 21,511,518,662.57 6,165,599,343.47 5,845,918,877.35 393,866,372.16 396,265,256.07 174,554,962.16 127,533,613.45 807,941,714.68 497,166,341.93 3,740,966,563.10 2,935,444,567.34 64,879,300,422.37 65,201,604,218.31 141,895,424,928.41 122,441,249,889.87
		57,239,645,671.56
		1,348,252,898.68 86,214,350.23 4,678,191,536.17 0.00 23,328,330,597.04 3,958,981,388.37 487,786,129.11 21,511,518,662.57 5,845,918,877.35 396,265,256.07 127,533,613.45 497,166,341.93 2,935,444,567.34
		65,201,604,218.31
		122,441,249,889.87

– 12 –

30 September 2021

31 December 2020

Items

Current liabilities: Short-term borrowings Held-for-trading financial liabilities Derivative financial liabilities Notes payable Accounts payable Contract liabilities Employee benefits payable Taxes payable Other payables Including: Interests payable Dividends payable Non-current liabilities due within one year Other current liabilities Total current liabilities Non-current liabilities: Long-term borrowings Bonds payable Non-current derivative financial liabilities Lease liabilities Long-term employee benefits payable Provisions Deferred income Deferred tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities	31,880,623,286.54 5,857,505,008.45 3,071,720,893.06 1,027,428,245.94 1,224,984,845.50 492,109,891.82 699,534,033.04 1,830,709,039.25 3,076,059,484.12 242,298,918.21 27,885,796.67 4,698,653,032.81 1,532,234,711.53 55,391,562,472.06 13,752,877,705.47 2,150,000,000.00 391,041,431.61 218,761,115.04 346,161,698.75 2,587,757,254.76 54,951,308.60 6,201,373,257.58 12,449,900,380.53 38,152,824,152.34 93,544,386,624.40	20,464,481,097.49 4,291,950,709.21 5,021,779,572.93 627,937,567.02 876,914,865.30 371,984,342.17 769,350,564.51 845,217,960.37 1,599,240,517.18 222,893,031.58 27,885,796.67 5,329,646,086.38 2,159,431,822.36
		42,357,935,104.92
		15,360,372,820.17 3,631,225,000.00 417,159,248.94 247,794,476.14 323,797,716.11 2,750,507,412.49 60,587,483.62 6,269,305,883.30 3,687,709,740.77
		32,748,459,781.54
		75,106,394,886.46

– 13 –

30 September 2021

31 December 2020

Items

Shareholders’ equity (or equity interest): Paid-in capital (or share capital) Capital reserve Less: Treasury shares Other comprehensive income Special reserve Surplus reserve Retained profits Total equity (or equity interest) attributable to the shareholders of the parent company Minority interests Total shareholders’ equity (or equity interest) Total liabilities and shareholders’ equity (or equity interest)	4,319,848,116.60 27,522,015,682.27 795,718,563.42 -5,194,019,940.14 507,100.87 1,295,599,051.54 12,318,221,375.17 39,466,452,822.89 8,884,585,481.12 48,351,038,304.01 141,895,424,928.41	4,319,848,116.60 27,582,794,983.23 193,840,466.48 -3,585,690,161.76 230,899.06 1,295,599,051.54 9,472,838,365.96 38,891,780,788.15 8,443,074,215.26
		47,334,855,003.41
		122,441,249,889.87

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CONSOLIDATED INCOME STATEMENT

January to September 2021

Unit: Yuan Currency: RMB Unaudited

Items I. Total operating income Including: Operating income II. Total operating costs Including: Operating costs Taxes and levies Selling expenses Administrative expenses Research and development expenses Financial expenses Including: Interest expenses Interest income Add: Other income Investment income (losses are indicated by “-”) Including: Income from investments in associates and joint ventures Gains from changes in fair value (losses are indicated by “-”) Losses from credit impairment (losses are indicated by “-”) Losses from assets impairment (losses are indicated by “-”) Gains from disposal of assets (losses are indicated by “-”) III. Operating profit (loss is indicated by “-”) Add: Non-operating income Less: Non-operating expenses	January to September 2021 126,558,604,943.52 126,558,604,943.52 117,816,999,262.50 114,871,335,199.25 829,631,864.89 58,596,063.59 1,026,534,810.55 111,824,770.35 919,076,553.87 1,421,875,186.43 540,595,159.68 40,285,548.18 172,924,973.31 17,432,177.64 -2,529,979,120.99 -626,071.98 -41,019,700.75 -1,705,978.25 6,381,485,330.54 18,347,598.73 25,254,580.55	January to September 2020 80,306,361,455.73 80,306,361,455.73 78,032,523,010.85 75,226,588,451.36 669,432,344.80 55,803,565.00 972,487,642.18 105,363,308.25 1,002,847,699.26 1,349,727,775.16 526,308,587.58 16,550,577.34 165,583,997.69 15,786,717.23 -990,458,497.50 6,128,000.07 5,504,181.28 5,186,197.60 1,482,332,901.36 21,620,927.26 25,957,897.94

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Items IV. Total profit (loss is indicated by “-”) Less: Income tax expenses V. Net profit (loss is indicated by “-”) (I) Classified by business continuity 1. N et profit from continuing operations (loss is indicated by “-”) (II) Classified by ownership 1. Ne t profit attributable to owners of the parent company (loss is indicated by “-”) 2. Ne t profit attributable to minority interests (loss is indicated by “-”) VI. Other comprehensive income, net of tax Other comprehensive income attributable to owners of the parent company, net of tax (I) Ot her comprehensive income that will not be reclassified to profit or loss 1. Re measurement of changes in defined benefit plans 2. Ch anges in fair value of other investments in equity instruments (II) Ot her comprehensive income that may be reclassified subsequently to profit or loss 1. Cash flow hedges reserve 2. Fo reign exchange difference from translation of financial statements Other comprehensive income attributable to minority interests, net of tax	January to September 2021 6,374,578,348.72 2,158,031,713.12 4,216,546,635.60 4,216,546,635.60 3,558,157,949.42 658,388,686.18 -1,687,609,091.99 -1,636,796,824.07 0.00 0.00 0.00 -1,636,796,824.07 -1,352,201,964.20 -284,594,859.87 -50,812,267.92	January to September 2020 1,477,995,930.68 -229,657,705.32 1,707,653,636.00 1,707,653,636.00 1,609,504,257.69 98,149,378.31 -1,315,457,893.94 -1,112,553,995.34 -21,165,172.01 -15,993,901.22 -5,171,270.79 -1,091,388,823.33 -497,733,928.27 -593,654,895.06 -202,903,898.60

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Items VII. Total comprehensive income Total comprehensive income attributable to shareholders of the parent company Total comprehensive income attributable to minority interests VIII. Earnings per share: (I) Basic earnings per share (RMB Yuan/Share) (II) Diluted earnings per share (RMB Yuan/Share)	January to September 2021 2,528,937,543.61 1,921,361,125.35 607,576,418.26 0.165 0.165	January to September 2020 392,195,742.06 496,950,262.35 -104,754,520.29 0.075 N/A

CONSOLIDATED CASH FLOW STATEMENT

January to September 2021

Unit: Yuan Currency: RMB Unaudited

Items I. Cash flows from operating activities: Cash receipts from the sale of goods and the rendering of services Other cash receipts relating to operating activities Sub-total of cash inflows from operating activities Cash payments for goods purchased and services received Cash payments to and on behalf of employees Payments of various types of taxes Other cash payments relating to operating activities Sub-total of cash outflows from operating activities Net cash flow from operating activities	January to September 2021 127,569,827,526.97 685,000,533.23 128,254,828,060.20 119,652,559,319.52 2,141,438,999.77 3,545,626,118.83 400,439,980.96 125,740,064,419.08 2,514,763,641.12	January to September 2020 84,265,362,012.15 1,049,208,032.60 85,314,570,044.75 71,064,296,181.36 1,805,403,467.42 2,594,347,912.46 190,357,613.36 75,654,405,174.60 9,660,164,870.15

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Items II. Cash flows from investing activities: Cash receipts from disposals and recovery of investments Cash receipts from investment income Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets Net cash received from disposal of subsidiaries and other business units Other cash receipts relating to investing activities Sub-total of cash inflows from investing activities Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets Cash payments to acquire investments Other cash payments relating to investing activities Sub-total of cash outflows from investing activities Net cash flow from investing activities	January to September 2021 4,411,533,306.45 177,955,498.62 8,520,083.00 55,505,000.00 5,088,656,634.94 9,742,170,523.01 2,494,327,974.35 8,509,564,891.72 5,747,356,054.93 16,751,248,921.00 -7,009,078,397.99	January to September 2020 13,302,580,738.32 198,821,470.39 969,132.15 0.00 434,824,938.38 13,937,196,279.24 1,648,483,954.86 13,971,566,246.17 942,127,609.37 16,562,177,810.40 -2,624,981,531.16

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Items III. Cash flows from financing activities: Cash received from investment Cash receipts from borrowings Other cash receipts relating to financing activities Sub-total of cash inflows from financing activities Cash repayments of borrowings Cash payments for distribution of dividends or profits and settlement of interests Including: dividends payments to minority shareholders of subsidiaries Other cash payments relating to financing activities Sub-total of cash outflows from financing activities Net cash flow from financing activities IV. Ef fect of foreign exchange rate changes on cash and cash equivalents V. Ne t increase (decrease) in cash and cash equivalents Add: Opening balance of cash and cash equivalents VI. Closing balance of cash and cash equivalents	January to September 2021 97,026,574.00 67,914,552,549.29 10,733,344,714.78 78,744,923,838.07 60,617,497,133.55 1,954,673,179.16 166,065,152.40 1,341,688,476.59 63,913,858,789.30 14,831,065,048.77 -129,346,306.08 10,207,403,985.82 11,448,950,438.25 21,656,354,424.07	January to September 2020 0.00 43,054,447,176.34 3,998,350,154.34 47,052,797,330.68 41,071,978,416.70 2,064,699,093.52 0.00 3,850,838,438.00 46,987,515,948.22 65,281,382.46 -269,917,843.05 6,830,546,878.40 12,392,247,511.85 19,222,794,390.25

Luoyang City, Henan Province, the People’s Republic of China, 27 October 2021

As at the date of this announcement, the Company’s executive directors are Mr. Sun Ruiwen and Mr. Li Chaochun; the Company’s non-executive directors are Mr. Yuan Honglin, Mr. Guo Yimin and Mr. Cheng Yunlei; and the Company’s independent nonexecutive directors are Mr. Wang Gerry Yougui, Ms. Yan Ye and Mr. Li Shuhua.

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