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.

CHALIECO

中鋁國際工程股份有限公司

China Aluminum International Engineering Corporation Limited

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2068)

ANNOUNCEMENT

THE QUARTERLY REPORT OF THE COMPANY

FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2019

This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The operating results attached hereto are the unaudited quarterly report of China Aluminum International Engineering Corporation Limited (the "Company") as of 30 September 2019 prepared in accordance with the Accounting Standards for Business Enterprises of the PRC, as disclosed in Shanghai Clearing House (website: http://english.shclearing.com), Shanghai Stock Exchange (website: http://english.sse.com.cn/) and other websites.

This announcement and the attached quarterly report were originally prepared in Chinese and published in both Chinese and English. In the case of any discrepancy, the Chinese text shall prevail over the English text.

- 1 -

  1. BASIC INFORMATION OF THE COMPANY

1.1 Key financial data

Unit: Yuan Currency: RMB

As at the end of the reporting period

Increase or

decrease as at

the end of the

reporting period

As at the end of last year

as compared

with the end of

After adjustment Before adjustment

last year

(%)

Total assets

52,288,978,143.86

49,069,001,366.16

49,030,983,416.00

6.56

Net assets attributable to

shareholders of the

listed company

9,394,121,787.21

10,158,694,356.36

10,152,648,726.48

-7.53

From the beginning

of the year to

the end of the

Increase or

reporting period

From the beginning of last year to

decrease as

(January to

the end of the reporting period of

compared to

September)

last year (January to September)

the same period

After adjustment

Before adjustment

of last year

(%)

Net cash flow from

operating activities

-806,050,054.23

-1,157,545,535.84

-1,146,592,740.99

30.37

From the beginning

of the year to

the end of the

Increase or

reporting period

From the beginning of last year to

decrease as

(January to

the end of the reporting period of

compared to

September)

last year (January to September)

the same period

After adjustment

Before adjustment

of last year

(%)

Operating income

20,970,677,719.67

21,065,259,300.80

21,039,273,047.21

-0.45

Net profit attributable to

shareholders of the listed

company

22,050,225.58

252,830,722.67

251,059,698.24

-91.28

Net profit attributable to

shareholders of the listed

company after deduction of

non-recurring gains or losses

12,261,547.24

246,497,437.05

244,726,412.62

-95.03

Weighted average returns on

Decrease of 0.93

net assets (%)

-0.09

0.84

0.84

percentage point

Basic earnings per share

(RMB/share)

-0.003

0.07

0.07

-104.29

Diluted earnings per share

(RMB/share)

N/A

N/A

N/A

N/A

- 2 -

  1. BASIC INFORMATION OF THE COMPANY - Continued

1.1 Key financial data - Continued

Items of non-recurring gains or losses and their amounts

  • Applicable □ Not applicable

Unit: Yuan Currency: RMB

Amount from

the beginning of

the year to the end of

Amount for

the reporting period

the period

(January to

Item

(July to September)

September)

Explanation

Gains or losses on disposal of non-current assets

148,290.11

-11,535,858.2

Tax relief and reduction with approval exceeding

authority or without formal approval

documents or of non-recurring nature

Government subsidies included in current profit

or loss, other than ongoing government

subsidies which are closely related to the

Company's normal operation, under the

requirements of national policies and subject

to certain limits or conditions

208,762.16

10,609,046.47

Capital occupation fee received from non-

financial entities included in profit or loss

for the current period

1,512,826.68

15,401,887.64

Gain from the excess of the fair value of the

identifiable net assets of investee companies

on acquisition of the investment over the

investment cost in the Company's subsidiaries,

associates and joint ventures

Profit or loss from exchange of non-monetary

assets

Profit or loss from entrusted investments or asset

management

8,819,652.57

Provision for impairment on various assets due to

force majeure events, such as natural disasters

Profit or loss from debt restructuring

384,144.00

-765,856

Corporate restructuring costs, such as employee

relocation expenses and integration costs

Profit or loss from transactions with obviously

unfair transaction price for the amount which

exceeds fair value

Net gains or losses of subsidiaries for the current

period from the beginning of the period to

the date of combination arising from business

combination under common control

1,141,184.70

Profit or loss from contingencies which are not

related to the Company's normal operations

- 3 -

  1. BASIC INFORMATION OF THE COMPANY - Continued

1.1 Key financial data - Continued

Unit: Yuan Currency: RMB

Amount from

the beginning of

the year to the end of

Amount for

the reporting period

the period

(January to

Item

(July to September)

September)

Explanation

Gains or losses on changes in fair value arising

from financial assets held for trading,

derivative financial assets, financial liabilities

held for trading and derivative financial

liabilities, and investment gains on disposal

of financial assets held for trading, derivative

financial assets, financial liabilities held for

trading, derivative financial liabilities and

other debt investment, except for effective

hedging transactions that are related to the

Company's normal operation

5,617,253.88

7,978,240.61

Reversal of the provision for impairment of

receivables and contract assets which were

tested individually for impairment

Profit or loss from external entrusted loans

Profit or loss arising from changes in fair value of

investment property under fair value model on

subsequent measurement

Effect of one-time adjustment to profit or

loss for the current period according to the

requirements of tax and accounting laws and

regulations on profit or loss for the current

period

Entrusted fee income from entrusted operations

Other non-operating income and expenses apart

from the above items

-1,257,041.31

5,204,265.80

Other profit and loss items falling within the

definition of non-recurring profit and loss

-23,004,207.19

Effect of minority interests (after tax)

-3,991,158.50

-1,982,424.60

Effect of income tax

1,046,659.38

-2,077,253.46

Total

3,669,736.40

9,788,678.34

- 4 -

  1. BASIC INFORMATION OF THE COMPANY - Continued

1.2 Total number of shareholders, the shareholding of the top ten shareholders, and the top ten shareholders in circulation (or shareholders whose shares are not subject to selling restrictions) as of the end of the reporting period

Unit: Share

Total number of shareholders

54,990

Shareholding of top ten shareholders

Name of shareholder

Number of shares

Number of shares

Pledged or locked up

held as at the end of

held subject to

Shares

Nature of

(full name)

the period

Ratio

selling restrictions

status

Number

shareholder

(%)

Aluminum Corporation of

State-owned

China

2,176,758,534

73.56

2,176,758,534

Nil

0

legal person

HKSCC Nominees Limited

399,476,000

13.50

0

Unknown

-

Others

Luoyang Engineering &

Research Institute for

Nonferrous Metals

State-owned

Processing

86,925,466

2.94

86,925,466

Nil

0

legal person

RAN Meixia (阮美霞)

Domestic

6,362,400

0.22

0

Nil

0

natural person

Agricultural Bank of

China Limited - CSI

500 Exchange-traded

and Open-ended Index

Securities Investment Fund

3,315,169

0.11

0

Nil

0

Others

Hong Kong Securities

Clearing Company Limited

2,811,768

0.10

0

Nil

0

Others

ZHANG Song (張松)

Domestic

ZHANG He (張鶴)

2,482,100

0.08

0

Nil

0

natural person

Domestic

YAO Yuanxi (姚元熙)

2,051,400

0.07

0

Nil

0

natural person

Domestic

2,000,000

0.07

0

Nil

0

natural person

Vanguard Investment

Australia Ltd. - Vanguard

Emerging Markets Stock

Index Fund (Exchanges)

1,830,300

0.06

0

Nil

0

Others

- 5 -

  1. BASIC INFORMATION OF THE COMPANY - Continued

1.2 Total number of shareholders, the shareholding of the top ten shareholders, and the top ten shareholders in circulation (or shareholders whose shares are not subject to selling restrictions) as of the end of the reporting period - Continued

Unit: Share

Total number of shareholders

54,990

Shareholding of top ten shareholders not subject to selling restrictions

Number of shares

held in circulation

Name of shareholder

not subject to

Class and number of shares

selling restrictions

Class

Number

HKSCC Nominees Limited

Foreign shares listed

RAN Meixia (阮美霞)

399,476,000

overseas

399,476,000

6,362,400

RMB ordinary shares

6,362,400

Agricultural Bank of China

Limited - CSI 500 Exchange-

traded and Open-ended Index

Securities Investment Fund

3,315,169

RMB ordinary shares

3,315,169

Hong Kong Securities Clearing

Company Limited

2,811,768

RMB ordinary shares

2,811,768

ZHANG Song (張松)

2,482,100

RMB ordinary shares

2,482,100

ZHANG He (張鶴)

2,051,400

RMB ordinary shares

2,051,400

YAO Yuanxi (姚元熙)

2,000,000

RMB ordinary shares

2,000,000

Vanguard Investment Australia

Ltd. - Vanguard Emerging

Markets Stock Index Fund

(Exchanges)

1,830,300

RMB ordinary shares

1,830,300

ZHANG Huaiyun (張懷運)

1,760,300

RMB ordinary shares

1,760,300

Beijing Yinghezhi Investment

Management Center

(Limited Partnership) -

Yinghezhi Jiuying Private

Equity Investment Fund

1,500,000

RMB ordinary shares

1,500,000

- 6 -

  1. BASIC INFORMATION OF THE COMPANY - Continued

1.2 Total number of shareholders, the shareholding of the top ten shareholders, and the top ten shareholders in circulation (or shareholders whose shares are not subject to selling restrictions) as of the end of the reporting period - Continued

Description of the connected relationship or acting in concert among the aforesaid shareholders

Description of holders of preference shares with restoration of voting rights and their shareholdings

Note 1: The number of shares held by China Aluminum Group does not include the A shares of the Company indirectly held by it through its subsidiary Luoyang Institute and the H shares of the Company indirectly held by it through its subsidiary Yunnan Aluminum International Company Limited. China Aluminum Group, together with its subsidiary, held 2,283,179,000 shares of the Company in aggregate, which are comprised of 2,263,684,000 A shares and 19,495,000 H shares, accounting for 77.16% of the total share capital of the Company.

Note 2: The 19,495,000 H shares of the Company held by Yunnan Aluminum International Company Limited, a subsidiary of China Aluminum Group, are held by HKSCC Nominees Limited on its behalf.

Note 3: The 399,476,000 H shares of the Company held by HKSCC Nominees Limited include the 19,495,000 H shares held on behalf of Yunnan Aluminum International Company Limited, a subsidiary of China Aluminum Group.

Note 4: Save as aforesaid, the Company is not aware of any connected relationship or person acting in concert among the aforesaid shareholders.

N/A

Note: The H Shares held by HKSCC Nominees Limited were held on behalf of various clients, and the A Shares held by Hong Kong Securities Clearing Company Limited were held on behalf of various clients. As at the end of the reporting period, HKSCC Nominees Limited held 399,476,000 shares of the Company while the pledged or locked up status of such shares were unknown.

1.3 Total number of holders of preference shares, the shareholding of the top ten holders of preference shares and the top ten holders of preference shares not subject to selling restrictions as of the end of the reporting period

  • Applicable ✓ Not applicable

- 7 -

  1. SIGNIFICANT EVENTS

2.1 The Company's significant changes in major financial statement items and financial indicators and the reasons thereof

  • Applicable □ Not applicable

2.1.1 Changes in balance sheet items and the reasons thereof

Unit: ten thousand yuan Currency: RMB

30 September

31 December

Change in

Change in

Item

2019

2018

amount

ratio

Derivative financial assets

35.32

18.88

16.45

87.12%

Notes receivables

33,915.43

52,425.67

-18,510.25

-35.31%

Non-current assets due within

one year

37,321.91

104,973.67

-67,651.76

-64.45%

Other current assets

152,223.95

79,868.42

72,355.53

90.59%

Investment properties

40,220.98

21,244.86

18,976.12

89.32%

Right-of-use assets

1,583.02

-

1,583.02

100.00%

Development costs

388.33

108.32

280.00

258.49%

Other non-current assets

288,544.77

103,943.60

184,601.17

177.60%

Derivative financial liabilities

-

2.25

-2.25

-100.00%

Tax charge payables

19,328.05

32,410.01

-13,081.96

-40.36%

Other current liabilities

237,365.92

134,439.97

102,925.96

76.56%

Long-term borrowings

542,829.16

222,300.00

320,529.16

144.19%

Lease liabilities

885.43

-

885.43

100.00%

Other equity instruments

49,750.00

169,980.19

-120,230.19

-70.73%

Capital public reserve

126,909.72

85,418.04

41,491.68

48.57%

Other comprehensive income

26,179.04

19,728.61

6,450.43

32.70%

Special reserve

9,403.51

6,476.76

2,926.75

45.19%

Description of material changes:

  1. Derivative financial assets increased by 87.12% as compared with the end of the previous year, which was mainly attributable to the rise in the fair value of investment products;
  2. Notes receivables decreased by 35.31% as compared with the end of the previous year, which was mainly attributable to using notes for project progress payment;
  3. Non-currentassets due within one year saw a decline of 64.45% as compared with the end of the previous year, mainly owing to the recovery of the advances of RMB750 million from the Company's Guangxi Wuxiang Commercial Street Project (廣西五象商 業街項目) during the period;
  4. Other current assets grew by 90.59% as compared with the end of the previous year, mainly because of the acquisition of short-term wealth management products during the period;
    • 8 -
  1. SIGNIFICANT EVENTS - Continued

2.1 The Company's significant changes in major financial statement items and financial indicators and the reasons thereof - Continued

2.1.1 Changes in balance sheet items and the reasons thereof - Continued

  1. Investment properties increased by 89.32% as compared with the end of the previous year, which was mainly attributable to the additional RMB190 million from the acquisition of investment properties from Kaiying Company;
  2. Pursuant to the Notice regarding the Amendment to the Accounting Standards for Business Enterprises No. 21 - Leases (Cai Kuai [2018] No.35) 《( 關於修訂印發企業會 計準則第21 號－租賃的通知》（財會[2018]35 號）) published by the Ministry of Finance, enterprises listed in both domestic and overseas stock exchanges or enterprises which are listed overseas and have adopted the International Financial Reporting Standards or the Accounting Standards for Business Enterprises to prepare financial statements shall apply the above-mentioned standard from 1 January 2019. The Company has reassessed the lease contracts and applied the simplified transition method. The financial data on 1 January 2019 was retrospectively adjusted in this report, and the comparative data for the year prior to the first implementation of the new lease standard was not restated. The right-of-use assets as at the end of the period are the right of use of the assets such as houses and equipment leased by the Company as at 30 September 2019;
  3. Development costs increased by 258.49% as compared with the end of the previous year, which was mainly due to the extra R&D costs as a result of more R&D projects during the year;
  4. Other non-current assets increased by 177.60% as compared with the end of the previous year, mainly because of the Company's investment during the construction period of Yunan Miyu Highway;
  5. Derivative financial liabilities decreased by 100% as compared with the end of the previous year, mainly due to the repayment of the futures deposits due;
  6. Tax charge payables saw a decline of 40.36% as compared with the end of the previous year, which was mainly owing to the payment of income tax and value-added tax;
  7. Other current liabilities increased by 76.56% as compared with the end of the previous year, mainly because the Company issued the first tranche of ultra short-term financing notes for the year 2019 in an issuance amount of RMB1 billion in July 2019;
  8. Long-termborrowings increased by 144.19% as compared with the end of the previous year, mainly due to more long-term borrowings arranged under the financing plan of the Company during the period;
  9. Lease liabilities grew by 100% as compared with the end of the previous year due to the same reason as that for "right-of-use assets", which represented the present value of outstanding lease payment of the Company;
    • 9 -
  1. SIGNIFICANT EVENTS - Continued

2.1 The Company's significant changes in major financial statement items and financial indicators and the reasons thereof - Continued

2.1.1 Changes in balance sheet items and the reasons thereof - Continued

  1. Other equity instruments shrank by 70.73% as compared with the end of the previous year, mainly because the Company announced on 17 August 2019 its decision to not exercise its renewal option for the "16 Zhong Gong Y1" Renewable Corporate Bonds of RMB1,208 million issued in October 2016 and delivered full payment for such bonds on 12 October 2019, with the bonds reclassified to non-current liabilities due within one year as at the end of this reporting period;
  2. Capital public reserve rose by 48.57% as compared with the end of the previous year, mainly because the Company acquired Yunan Miyu Company during the period and gained entitlement to its share in the capital public reserve of the acquired company;
  3. Other comprehensive income grew by 32.70% as compared with the end of the previous year, which was mainly attributable to the increase in foreign currency translation difference under the impact of RMB depreciation;
  4. Special reserve increased by 45.19% as compared with the end of the previous year, mainly due to the provision of production safety expenses for engineering projects.

2.1.2 Changes in income statement items and the reasons thereof

Unit: ten thousand yuan Currency: RMB

Amount for

Amount for the

Change in

Change in

Item

the period

same period

amount

ratio

(Restated)

Research and development

expenses

29,889.58

13,022.59

16,866.99

129.52%

Finance costs

42,833.70

31,841.31

10,992.39

34.52%

Investment gains

1,027.46

1,584.48

-557.02

-35.15%

Gains on fair value changes

16.45

-

16.45

100.00%

Credit impairment loss

-3,851.80

3,892.21

-7,744.01

N/A

Asset impairment loss

-

1,892.90

-1,892.90

N/A

Gains on disposal of assets

369.14

65.33

303.81

465.03%

Non-operating expenses

4,566.41

1,099.52

3,466.89

315.31%

Income tax expenses

7,697.92

15,399.69

-7,701.77

-50.01%

Net profit attributable to

shareholders of the parent

company

2,205.02

25,283.07

-23,078.05

-91.28%

During the reporting period, except for the items above, the change in ratio of the items of the income statement did not exceed 30% as compared with that at the end of the previous year.

- 10 -

  1. SIGNIFICANT EVENTS - Continued

2.1 The Company's significant changes in major financial statement items and financial indicators and the reasons thereof - Continued

2.1.2 Changes in income statement items and the reasons thereof - Continued

Description of material changes:

  1. Research and development expenses grew by 129.52% as compared with the same period of last year, mainly because the Company boosted its research and development input as a leading engineering technology enterprise in the non-ferrous metals industry during the period;
  2. Finance costs increased by 34.52% as compared with the same period of last year, mainly as a result of the extra interest expenses under a larger scale of interest-bearing liabilities during the period;
  3. Investment gains declined by 35.15% as compared with the same period of last year, mainly due to fewer wealth management products invested during the period;
  4. Gains on fair value changes advanced by 100% from the same period of last year, which was mainly generated by the derivative financial products due within the period;
  5. Credit impairment loss decreased from the same period of last year, mainly because the Company recorded an increase in both long-aged trade receivables and provision of impairment loss over the period;
  6. Asset impairment loss saw an increase as compared with the same period of last year, which was mainly attributable to no reversal of asset impairment during the period;
  7. Gains on disposal of assets surged by 465.03% as compared with the same period last year, which was chiefly owing to the disposal of some land-use-right assets;
  8. Non-operatingexpenses jumped by 315.31% as compared with the same period of last year, principally due to the recognition of the expenses for the Three Supplies and One Property (三供一業) transformation during the period;
  9. Income tax expenses reduced by 50.01% as compared with the same period of last year, which was mainly the result of lower income tax expenses for the period due to lower pre-tax profit;
  10. Net profit attributable to shareholders of the parent company saw a 91.28% decline as compared with the same period of last year, mainly due to the combined effect of a significant increase in research and development input during the period, the additional financial expenses under an expanded scale of interest-bearing liabilities and less interest income from advances for projects, as well as more credit impairment loss for the period.

- 11 -

  1. SIGNIFICANT EVENTS - Continued

2.1 The Company's significant changes in major financial statement items and financial indicators and the reasons thereof - Continued

2.1.3 Changes in cash flow statement items and the reasons thereof

Unit: ten thousand yuan Currency: RMB

Amount for

Amount for the

Change in

Change in

Item

the period

same period

amount

ratio

(Restated)

Net cash flow generated from

operating activities

-80,605.01

-115,754.55

35,149.55

30.37%

Net cash flow generated from

investment activities

-188,455.58

-79,509.33

-108,946.25

-137.02%

Net cash flow generated from

financing activities

127,577.43

82,483.59

45,093.84

54.67%

Description of material changes in items:

  1. The decline in net cash outflow generated from operating activities was principally attributable to the Company's efforts to recover receivables in the period. Nevertheless, cash flow generated from operating activities continued to record a net outflow for the period, which was affected by the settlement of considerable payments to private enterprises as well as project progress payment;
  2. The increase in net cash outflow generated from investment activities mainly came from more investment cash outflow for the construction of Miyu PPP Highway Project during the period;
  3. The increase in net cash inflow generated from financing activities was chiefly due to the larger scale of interest-bearing liabilities in the period.

2.2 Description and analysis of the progress of material matters, the impact thereof and solutions

  • Applicable ✓ Not applicable

2.3 Commitments not fulfilled during the reporting period

  • Applicable ✓ Not applicable

2.4 Alerts and explanations of the forecasted loss or significant changes compared to the same period of the previous year in accumulated net profit from the beginning of the year to the end of the next reporting period and the reason thereof

  • Applicable ✓ Not applicable

Company Name China Aluminum International

Engineering Corporation Limited

Legal Representative WU Jianqiang

Date 30 October 2019

- 12 -

III. APPENDICES

3.1 Financial Statement

CONSOLIDATED BALANCE SHEET

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Current assets:

Monetary funds

4,815,973,160.46

6,811,036,444.23

Clearing settlement funds

Placements with banks

Financial assets held for trading

Financial assets at fair value through profit

or loss

Derivative financial assets

353,210.00

188,760.00

Notes receivables

339,154,279.78

524,256,735.77

Trade receivables

15,487,904,641.26

14,308,244,901.08

Accounts receivable financing

Prepayments

1,079,828,867.88

1,154,443,987.85

Premium receivable

Reinsurance receivable

Reinsurance contracts reserves receivable

Other receivables

2,159,007,443.74

2,197,882,112.10

Including: Interest receivable

Dividends receivable

Financial assets purchased under agreements

to resell

Inventories

3,940,480,790.21

3,432,854,847.08

Contract assets

12,713,490,228.51

11,066,548,440.99

Assets held for sale

0

Non-current assets due within one year

373,219,068.00

1,049,736,706.16

Other current assets

1,522,239,471.11

798,684,175.34

Total current assets

42,431,651,160.95

41,343,877,110.60

- 13 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Non-current assets:

Loans and advances issued

Debt investments

Available-for-sale financial assets

Other debt investments

Held-to-maturity investments

Long-term receivables

1,574,460,336.23

1,647,678,997.89

Long-term equity investments

564,630,108.47

480,523,006.21

Other equity instruments investments

223,468,016.32

207,654,873.93

Other non-current financial assets

Investment properties

402,209,793.42

212,448,557.35

Fixed assets

2,092,339,971.70

2,081,360,272.61

Construction in progress

348,676,888.32

381,053,227.65

Productive biological assets

Oil and gas assets

Right-of-use assets

15,830,210.29

Intangible assets

1,031,783,496.01

971,458,016.58

Development costs

3,883,265.78

1,083,239.87

Goodwill

Long-term deferred expenses

22,263,145.10

25,445,372.07

Deferred income tax assets

692,334,051.18

676,982,699.10

Other non-current assets

2,885,447,700.09

1,039,435,992.30

Total non-current assets

9,857,326,982.91

7,725,124,255.56

Total assets

52,288,978,143.86

49,069,001,366.16

- 14 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Current liabilities:

Short-term borrowings

7,660,007,686.40

9,052,044,116.44

Loans from central bank

Placements from banks

Financial liabilities held for trading

Financial liabilities at fair value through profit

or loss

Derivative financial liabilities

22,500.00

Notes payables

798,243,520.54

752,425,989.46

Trade payables

14,979,036,441.19

15,316,246,085.16

Prepayments

Contract liabilities

3,061,298,750.30

2,716,817,684.88

Financial assets sold under agreements to

repurchase

Absorbing deposit and interbank deposit

Brokerage for securities trading

Brokerage for securities underwriting

Salary payables

206,973,775.72

255,124,757.26

Tax charge payables

193,280,516.85

324,100,136.79

Other payables

2,105,655,562.70

1,694,587,531.61

Including: Interest payable

Dividends payables

Handling charge and commission payables

Reinsurance payable

Liabilities held for sale

Non-current liabilities due within one year

1,691,801,886.79

1,353,597,500.02

Other current liabilities

2,373,659,215.08

1,344,399,651.43

Total current liabilities

33,069,957,355.57

32,809,365,953.05

- 15 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Non-current liabilities:

Reserves for insurance contracts

Long-term borrowings

5,428,291,600.00

2,223,000,000.00

Debentures payables

Including: Preference shares

Perpetual bonds

Lease liabilities

8,854,283.25

Long-term payables

4,263,552.47

5,606,227.87

Long-term salary payables

688,931,009.22

713,871,000.00

Estimated liabilities

Deferred income

42,789,136.16

40,813,744.29

Deferred income tax liabilities

71,157,114.87

74,821,813.00

Other non-current liabilities

Total non-current liabilities

6,244,286,695.97

3,058,112,785.16

Total liabilities

39,314,244,051.54

35,867,478,738.21

- 16 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Owners' equity (or shareholders' equity)

Paid-up capital (or share capital)

2,959,066,667.00

2,959,066,667.00

Other equity instruments

497,500,000.00

1,699,801,886.79

Including: Preferred shares

Perpetual bonds

497,500,000.00

1,699,801,886.79

Capital public reserve

1,269,097,169.32

854,180,385.99

Less: Treasury shares

Other comprehensive income

261,790,436.72

197,286,107.26

Special reserve

94,035,084.71

64,767,607.84

Surplus public reserve

188,914,615.81

188,914,615.74

Provision for general risk

Undistributed profit

4,123,717,813.65

4,194,677,085.74

Total equity attributable to owners' equity (or

shareholders' equity) of the parent company

9,394,121,787.21

10,158,694,356.36

Minority interests

3,580,612,305.11

3,042,828,271.59

Total owners' equity (or shareholders' equity)

12,974,734,092.32

13,201,522,627.95

Total liabilities and owners' equity

(or shareholders' equity)

52,288,978,143.86

49,069,001,366.16

Legal representative:

Person-in-charge of accounting

Person-in-charge of accounting

WU Jianqiang

operations: ZHANG Jian

department: ZHANG Xiuyin

- 17 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY BALANCE SHEET

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Current assets:

Monetary assets

1,096,673,810.03

2,216,957,755.29

Financial assets held for trading

Financial assets at fair value through profit or

loss

Derivative financial assets

Notes receivables

78,925,767.79

71,096,760.58

Trade receivables

2,141,963,862.27

2,097,585,328.60

Accounts receivable financing

Prepayments

240,393,809.73

92,222,696.28

Other receivables

6,069,515,665.28

6,270,987,924.15

Including: Interest receivable

Dividends receivable

Inventories

203,936,900.05

206,541,898.88

Contract assets

376,888,326.75

756,735,998.28

Assets held for sale

Non-current assets due within one year

1,130,000,000.00

644,260,000.00

Other current assets

613,269,602.56

141,353,068.90

Total current assets

11,951,567,744.46

12,497,741,430.96

- 18 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Non-current assets:

Debt investments

Available-for-sale financial assets

Other debt investments

Held-to-maturity investments

Long-term receivables

1,055,066,320.97

1,616,633,887.40

Long-term equity investments

4,469,496,846.43

4,240,246,565.00

Other equity instruments investments

592,950,632.71

177,087,452.35

Other non-current financial assets

Investment properties

Fixed assets

81,434,125.38

83,427,735.68

Construction in progress

Productive biological assets

Oil and gas assets

Right-of-use assets

Intangible assets

149,521,058.53

154,260,025.64

Development costs

Goodwill

Long-term deferred expenses

10,642.90

Deferred income tax assets

45,122,067.23

40,929,775.91

Other non-current assets

13,000.00

Total non-current assets

6,393,604,051.25

6,312,596,084.88

Total assets

18,345,171,795.71

18,810,337,515.84

- 19 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Current liabilities:

Short-term borrowings

3,580,000,000.00

5,052,476,823.09

Financial liabilities held for trading

Financial liabilities at fair value through profit

or loss

Derivative financial liabilities

22,500.00

Notes payables

38,000,000.00

84,000,000.00

Trade payables

2,132,770,067.87

2,820,742,685.72

Advances received

2,000,000.00

Contract liabilities

902,806,266.95

821,966,166.29

Salary payables

8,645,469.22

7,771,419.13

Tax charge payables

13,924,108.59

6,022,470.65

Other payables

935,579,262.86

1,406,436,473.51

Including: Interest payable

Dividend payable

Liabilities held for sale

Non-current liabilities due within one year

1,202,301,886.79

717,997,500.02

Other current liabilities

1,008,622,473.91

40,689,318.21

Total current liabilities

9,824,649,536.19

10,958,125,356.62

- 20 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Non-current liabilities:

Long-term borrowings

4,024,000,000.00

1,737,000,000.00

Debentures payables

Including: Preferred shares

Perpetual bonds

Lease liabilities

Long-term payables

Long-term salary payables

3,167,000.00

4,010,000.00

Estimated liabilities

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities

4,027,167,000.00

1,741,010,000.00

Total liabilities

13,851,816,536.19

12,699,135,356.62

- 21 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY BALANCE SHEET - Continued

30 September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Item

30 September 2019

31 December 2018

Owners' equity (or shareholders' equity)

Paid-up capital (or share capital)

2,959,066,667.00

2,959,066,667.00

Other equity instruments

497,500,000.00

1,699,801,886.79

Including: Preferred shares

Perpetual bonds

497,500,000.00

1,699,801,886.79

Capital public reserve

1,198,894,634.78

1,198,894,634.78

Less: Treasury shares

Other comprehensive income

-23,207,132.10

-36,967,802.08

Special reserve

545,252.05

Surplus public reserve

188,914,615.74

188,914,615.74

Undistributed profit

-328,358,777.95

101,492,156.99

Total owners' equity (or shareholders' equity)

4,493,355,259.52

6,111,202,159.22

Total liabilities and owners' equity (or

shareholders' equity)

18,345,171,795.71

18,810,337,515.84

Legal representative:

Person-in-charge of accounting

Person-in-charge of accounting

WU Jianqiang

operations: ZHANG Jian

department: ZHANG Xiuyin

- 22 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED INCOME STATEMENT

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

The first three

The first three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

1.

Total Operating revenue

7,454,178,847.81

6,945,244,521.80

20,970,677,719.67

21,065,259,300.80

Including: Operating income

7,454,178,847.81

6,945,244,521.80

20,970,677,719.67

21,065,259,300.80

Interest income

Insurance premium earned

Handling charge and

commission payable

2.

Total operating costs

7,351,032,837.11

6,870,071,607.99

20,708,924,498.91

20,613,863,117.85

Including: Operating costs

6,784,502,438.62

6,429,464,211.30

19,079,057,805.17

19,260,121,954.68

Interest expenses

Handling charges and commission

expenses

Surrender payment

Net expenditure for compensation

payments

Net provision for insurance

deposits

Policyholder dividend expenses

Reinsurance costs

Tax and surcharges

21,886,140.30

19,693,472.96

72,867,399.52

60,599,721.99

Selling expenses

28,915,285.46

22,587,033.23

80,048,941.66

65,668,173.99

Administration expenses

223,835,101.85

261,195,163.55

749,717,498.28

778,834,250.81

Research and development

expenses

125,713,960.83

49,061,954.73

298,895,834.43

130,225,921.66

Finance costs

166,179,910.05

88,069,772.22

428,337,019.85

318,413,094.72

- 23 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED INCOME STATEMENT - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

The first three

The first three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

Including: Interest expenses

178,665,105.83

167,266,860.65

532,571,852.44

503,961,586.06

Interest income

40,961,428.56

87,402,861.23

160,461,659.02

221,028,147.08

Add: Other gains

10,833,863.78

246,072.21

16,937,397.02

5,578,388.11

Investment gains

("-" indicating loss)

16,618,095.61

5,876,894.82

10,274,597.36

15,844,827.67

Including: Gains from investment

in associates and joint

venture

3,335,465.46

4,801,842.29

810,220.79

4,985,407.48

Gains from derecognition

of financial assets at

amortised cost

Exchange gain

("-" indicating loss)

Net gains from hedging exposure

("-" indicating loss)

Gains from changes in fair value

("-" indicating loss)

164,450.00

Credit impairment loss

("-" indicating loss)

-2,989,829.52

21,609,239.07

-38,517,998.1

38,922,120.51

Asset Impairment loss

("-" indicating loss)

2,367,504.28

18,928,960.10

Gains from disposal of assets

("-" indicating loss)

195,305.75

1,051,531.16

3,691,442.91

653,320.43

- 24 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED INCOME STATEMENT - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

The first three

The first three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

3.

Operating profit ("-" indicating loss)

127,803,446.32

106,324,155.35

254,303,109.95

531,323,799.77

Add: Non-operating income

9,998,138.97

11,238,111.02

27,161,363.28

27,047,271.54

Less: Non-operating expenses

15,557,267.91

6,223,803.94

45,664,131.59

10,995,244.64

4.

Total profit ("-" indicating total loss)

122,244,317.38

111,338,462.43

235,800,341.64

547,375,826.67

Less: Income tax expenses

58,469,325.12

49,918,310.56

76,979,241.49

153,996,891.78

5.

Net profit ("-" indicating net loss)

63,774,992.26

61,420,151.87

158,821,100.15

393,378,934.89

  1. Classified by continuity of operations
    1. Net profit from continuing operations

("-" indicating net loss)

63,774,992.26

61,420,151.87

158,821,100.15

393,378,934.89

    1. Net profit from discontinued operations ("-" indicating net loss)
  2. Classified by ownership:
    1. Net profit attributable to shareholders

of the parent company ("-" indicating

net loss)

11,988,982.22

20,747,394.06

22,050,225.58

252,830,722.67

2. Gains and losses of minority interests

("-" indicating net loss)

51,786,010.04

40,672,757.81

136,770,874.57

140,548,212.22

- 25 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED INCOME STATEMENT - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

The first three

The first three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

6. Net other comprehensive income after

taxes

-33,532,291.91

-22,819,112.14

726,496.35

-57,476,176.27

Net other comprehensive income after taxes

attributable to owners of the parent

company

-33,468,914.32

-21,866,128.70

726,496.35

-56,080,484.83

(1) Other comprehensive income that

cannot be reclassified into profit or loss

-9,130,278.78

26,338,652.04

14,235,126.82

-22,663,033.97

1.

Changes arising from re-

measurement of defined benefit

plans

5,706.50

12,359,956.25

-7,650.00

-14,215,340.59

2.

Other comprehensive income that

cannot be reclassified to profit or

loss under the equity method

3.

Changes in fair value of other

equity instruments investments

-9,135,985.28

13,978,695.79

14,242,776.82

-8,447,693.38

4.

Changes in fair value of the

enterprise's own credit risk

(2) Other comprehensive income to be

reclassified into profit or loss

-24,338,635.54

-48,204,780.74

-13,508,630.47

-33,417,450.86

1.

Other comprehensive income that

can be reclassified to profit or loss

under the equity method

2.

Changes in fair value of other debt

investments

180,458.31

180,458.31

  1. Gain or loss on changes in fair value of available-for-sale financial assets
  2. Financial assets reclassified into other comprehensive income
  3. Gains or losses from reclassifying held-to maturity investments to available-for-sale financial asset

- 26 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED INCOME STATEMENT - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

The first three

The first three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

  1. Credit impairment provision of other debt investments
  2. Cash flow hedging reserve (Effective portion of gain or loss on cash flow hedges)
  3. Exchange differences from translation of foreign-currency

financial statements

-24,519,093.85

-48,204,780.74

-13,689,088.78

-33,417,450.86

9. Others

Net other comprehensive income after taxes

attributable to minority shareholders

-63,377.59

-952,983.44

-1,395,691.44

7.

Total comprehensive income

30,242,700.35

38,601,039.73

159,547,596.50

335,902,758.62

Total comprehensive income attributable to

owners of the parent company

-21,479,932.10

-1,118,734.64

22,776,721.93

196,750,237.84

Total comprehensive income attributable to

minority shareholders

51,722,632.45

39,719,774.37

136,770,874.57

139,152,520.78

8.

Earnings per share:

(1) Basic earnings per share (RMB/share)

-0.003

0.07

(2) Diluted earnings per share (RMB/share)

-0.003

0.07

For business combinations under common control occurred during the period, the net profit of the acquiree realized before the combination is RMB1,036,878.17, while the net profit of the acquiree for the previous period was RMB152,250.79.

Legal representative:

Person-in-charge of accounting

Person-in-charge of accounting

WU Jianqiang

operations: ZHANG Jian

department: ZHANG Xiuyin

- 27 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY INCOME STATEMENT

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

First three

First three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

1. Operating revenue

348,213,788.49

457,839,059.85

668,003,130.39

2,506,525,301.92

Less: Operating costs

307,796,512.49

400,072,223.88

585,571,889.70

2,335,975,771.44

Tax and surcharges

258,972.27

173,769.61

2,093,557.50

2,131,647.57

Selling expenses

8,067,290.70

7,533,885.46

25,025,089.20

21,784,138.69

Administration expenses

40,928,152.15

36,388,702.70

104,765,907.47

107,314,140.12

Research and development expenses

9,370,924.79

16,525,893.44

29,208,692.82

45,584,847.09

Finance costs

60,679,090.72

-1,981,073.56

168,220,791.49

45,710,137.66

Including: Interest expenses

142,139,479.70

125,730,727.31

427,804,222.91

401,250,095.15

Interest income

93,765,797.01

11,395,176.48

279,030,068.69

325,016,101.12

Add: Other gains

11,902.88

289,887.96

Investment gains ("-" indicating loss)

65,000,000.00

150,051,308.96

270,195,718.16

181,510,278.13

Including: Gains from investment

in associates and joint

ventures

-949,718.57

842,818.69

Gains from derecognition

of financial assets at

amortised cost

Net gains from hedging exposure

("-" indicating loss)

Gains from changes in fair value

("-" indicating loss)

Credit impairment loss

("-" indicating loss)

10,546,757.94

-5,881,572.72

-14,469,606.11

-872,841.23

Assets impairment loss

("-" indicating loss)

-6,976,685.44

-6,976,685.44

Gains from disposal of assets

("-" indicating loss)

- 28 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY INCOME STATEMENT - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

First three

First three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

2.

Operating profit ("-" indicating loss)

-10,305,179.25

143,295,394.56

2,156,516.78

128,662,056.25

Add: Non-operating revenue

106,068.66

47,066.73

288,497.01

3,570,794.11

Less: Non-operating expenses

235,559.05

89,000.00

285,486.82

89,040.77

3.

Total profits ("-" indicating total loss)

-10,434,669.64

143,253,461.29

2,159,526.97

132,143,809.59

Less: Income tax expenses

552,261.88

-1,356,415.38

-5,549,765.22

120,647.80

4.

Net profits ("-" indicating net loss)

-10,986,931.52

144,609,876.67

7,709,292.19

132,023,161.79

(1) Net profit from continuing operations

("-" indicating net loss)

-10,986,931.52

144,609,876.67

7,709,292.19

132,023,161.79

  1. Net profit from discontinued operations ("-" indicating net loss)

- 29 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY INCOME STATEMENT - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

First three

First three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

5. Net other comprehensive income after

taxes

-9,589,245.48

20,953,204.33

13,760,369.98

-1,865,563.91

(1)

Other comprehensive income that

cannot be reclassified into profit or loss

-9,589,245.48

20,953,204.33

13,760,369.98

-1,865,563.91

1. Changes arising from re-

measurement of defined benefit

plans

-300.00

9,964,350.00

-2,000.00

9,842,800.00

2. Other comprehensive income that

cannot be reclassified to profit or

loss under the equity method

3. Changes in fair value of other

equity instruments investments

-9,588,945.48

10,988,854.33

13,762,369.98

-11,708,363.91

4. Changes in fair value of the

enterprise's own credit risk

(2) Other comprehensive income to be

reclassified into profit or loss

1.

Other comprehensive income that can

be reclassified to profit or loss under

the equity method

2.

Changes in fair value of other debt

investments

3.

Changes of profit or loss in fair value

of available-for-sale financial assets

4.

Financial assets reclassified into other

comprehensive income

5.

Held-to-maturity investment

reclassified into profit or loss in

available-for-sale financial assets

- 30 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY INCOME STATEMENT - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

Third quarter

Third quarter

First three

First three

of 2019

of 2018

quarters of 2019

quarters of 2018

Item

(July to

(July to

(January to

(January to

September)

September)

September)

September)

  1. Credit impairment provision for other debt investments
  2. Cash flow hedging reserve (effective part of cash flow hedging profit or loss)
  3. Exchange differences from translation of foreign-currency financial statements
  4. Others

6. Total comprehensive income

-20,576,177.00

165,563,081.00

21,469,662.17

130,157,597.88

7. Earnings per share:

  1. Basic earnings per share (Yuan/share)
  2. Diluted earnings per share (Yuan/share)

Legal representative:

Person-in-charge of accounting

Person-in-charge of the accounting

WU Jianqiang

operations: ZHANG Jian

department: ZHANG Xiuyin

- 31 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED STATEMENT OF CASH FLOWS

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

First three

First three

quarters of 2019

quarters of 2018

Item

(January to

(January to

September)

September)

1. Cash flow generated from operating activities:

Cash received from sales of goods and provision of

labor services

18,649,558,510.32

18,778,934,188.93

Net increase in customer deposits and interbank

deposit

Net increase in borrowings from central bank

Net increase in placements from other financial

institutions

Cash received from premiums of original insurance

contracts

Net cash received from reinsurance business

Net increase in deposits from policyholders and

investments

Cash received from interest, handling charges and

commissions

Net increase in placements from banks

Net increase in repurchase business fund

Net cash received from securities brokerage deposits

Tax rebate received

57,238,462.33

21,179,531.81

Other cash received relating to operating activities

758,945,127.93

1,045,885,579.02

Sub-total of cash inflow from operating activities

19,465,742,100.58

19,845,999,299.76

- 32 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED STATEMENT OF CASH FLOWS - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

First three

First three

quarters of 2019

quarters of 2018

Item

(January to

(January to

September)

September)

Cash paid for purchase of goods and engagement of

labor services

17,798,397,302.02

18,134,801,160.71

Net increase in loans and advances to customers

Net increase in placements with central bank and

other financial institutions

Cash paid for claims on original insurance contracts

Net increase in placements with banks and other

financial institutions

Cash payment for interest, handling charges and

commissions

Cash payment for policyholder dividend

Cash paid to and on behalf of employees

1,681,448,561.73

1,556,257,251.03

Payments of all types of taxes

524,640,922.32

515,089,339.20

Cash paid for other operating activities

267,305,368.74

797,397,084.66

Sub-total of cash outflow from operating activities

20,271,792,154.81

21,003,544,835.60

Net cash flow from operating activities

-806,050,054.23

-1,157,545,535.84

2. Cash flow generated from investing activities:

Cash received from disposal of investment

4,760,757,627.54

4,504,416,367.92

Cash received from investment gains

6,359,692.94

111,077,224.48

Net cash received from disposal of fixed assets,

intangible assets and other long-term assets

1,189,201.09

3,412,588.72

Net cash received from disposal of subsidiaries and

other operating units

89,855,835.11

Other cash received relating to investing activities

7,040,794.26

Sub-total of cash inflow from investing activities

4,865,203,150.94

4,618,906,181.12

- 33 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED STATEMENT OF CASH FLOWS - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

First three

First three

quarters of 2019

quarters of 2018

Item

(January to

(January to

September)

September)

Cash paid for acquisition of fixed assets, intangible

assets and other long-term assets

777,311,649.85

138,417,806.97

Cash paid for investments

5,085,040,693.06

5,275,581,692.22

Net increase in pledged loans

Net cash paid for acquisition of subsidiaries and

other operating units

628,068,539.60

Other cash paid relating to investing activities

259,338,083.35

Sub-total of cash outflow from investing activities

6,749,758,965.86

5,413,999,499.19

Net cash flow from investing activities

-1,884,555,814.92

-795,093,318.07

3. Cash flow generated from financing activities:

Cash received from equity investments

454,300,000.00

1,056,750,699.49

Including: Cash received by subsidiaries from

minority shareholders' investment

Cash received from obtaining borrowings

12,301,310,801.86

12,170,344,251.11

Other cash received relating to financing activities

1,769,242,175.36

372,000,000.00

Sub-total of cash inflow from financing activities

14,524,852,977.22

13,599,094,950.60

Cash paid for repayment of debt

11,464,617,970.55

11,161,516,323.38

Cash paid for distribution of dividends, profit or

payment of interests

794,027,502.80

696,485,461.29

Including: Cash paid for dividends and profit to

minority shareholders of subsidiaries

Other cash paid relating to financing activities

990,433,179.98

916,257,252.99

Sub-total of cash outflow from financing activities

13,249,078,653.33

12,774,259,037.66

Net cash flow from financing activities

1,275,774,323.89

824,835,912.94

- 34 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

CONSOLIDATED STATEMENT OF CASH FLOWS - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

First three

First three

quarters of 2019

quarters of 2018

Item

(January to

(January to

September)

September)

4.

Effect on cash and cash equivalents from change of

exchange rates

17,816,027.39

41,967,904.02

5.

Net increase in cash and cash equivalents

-1,397,015,517.87

-1,085,835,036.95

Add: Balance of cash and cash equivalents at the

beginning of the period

5,831,581,515.94

6,291,737,018.09

6.

Balance of cash and cash equivalents at the end of

the period

4,434,565,998.07

5,205,901,981.14

Legal representative:

Person-in-charge of accounting

Person-in-charge of the accounting

WU Jianqiang

operations: ZHANG Jian

department: ZHANG Xiuyin

- 35 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY STATEMENT OF CASH FLOWS

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

First three

First three

quarters of 2018

quarters of 2019

Amounts

Item

(January to

(January to

September)

September)

1. Cash flow generated from operating activities:

Cash received from sales of goods and provision

of labor services

905,382,637.28

1,685,403,442.11

Tax rebate received

6,167,205.52

20,140,583.88

Other cash received relating to operating

activities

1,302,103,577.31

107,443,614.15

Sub-total of cash inflow from operating

activities

2,213,653,420.11

1,812,987,640.14

Cash paid for purchase of goods and

engagement of labor services

1,183,196,704.23

1,755,494,788.58

Cash paid to and on behalf of employees

193,397,380.06

165,317,653.17

Payments of all types of taxes

9,377,938.62

7,056,363.43

Other cash paid relating to operating activities

1,988,850,651.38

135,073,861.30

Sub-total of cash outflow from operating

activities

3,374,822,674.29

2,062,942,666.48

Net cash flow from operating activities

-1,161,169,254.18

-249,955,026.34

- 36 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY STATEMENT OF CASH FLOWS - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

First three

First three

quarters of 2018

quarters of 2019

Amounts

Item

(January to

(January to

September)

September)

2. Cash flow generated from investing activities:

Cash received from disposal of investment

9,505,744,000.00

6,531,484,525.38

Cash received from investment gains

401,845,861.86

420,572,904.82

Net cash received from disposal of fixed assets,

intangible assets and other long-term assets

Net cash received from disposal of subsidiaries

and other operating units

36,572,518.00

Other cash received relating to investing

activities

37,619,133.33

Sub-total of cash inflow from investing

activities

9,981,781,513.19

6,952,057,430.20

Cash paid for acquisition of fixed assets,

intangible assets and other long-term assets

582,965.00

3,517,884.66

Cash paid for investments

10,025,648,000.00

7,823,280,100.00

Net cash paid for acquisition of subsidiaries and

other operating units

447,674,379.80

Other cash paid relating to investing activities

Sub-total of cash outflow from investing

activities

10,473,905,344.80

7,826,797,984.66

Net cash flow from investing activities

-492,123,831.61

-874,740,554.46

- 37 -

III. APPENDICES - Continued

3.1 Financial Statement - Continued

PARENT COMPANY STATEMENT OF CASH FLOWS - Continued

January to September 2019

Prepared by: China Aluminum International Engineering Corporation Limited

Unit: Yuan

Currency: RMB Type of audit: Unaudited

First three

First three

quarters of 2018

quarters of 2019

Amounts

Item

(January to

(January to

September)

September)

3. Cash flow generated from financing

activities:

Cash received from disposal of investments

1,033,239,401.59

Cash received from obtaining borrowings

7,800,000,000.00

9,042,463,667.70

Other cash received relating to financing

activities

1,000,000,000.00

Sub-total of cash inflow from financing

activities

8,800,000,000.00

10,075,703,069.29

Cash paid for repayment of debt

7,782,703,323.09

8,068,036,686.00

Cash paid for distribution of dividends, profit or

payment of interests

450,092,493.65

412,848,678.68

Other cash paid relating to financing activities

1,536,978.56

217,802,725.51

Sub-total of cash outflow from financing

activities

8,234,332,795.30

8,698,688,090.19

Net cash flow from financing activities

565,667,204.70

1,377,014,979.10

- 38 -

First three

First three

quarters of 2018

quarters of 2019

Amounts

Item

(January to

(January to

September)

September)

4.

Effect on cash and cash equivalents from

change of exchange rates

113,572.52

18,227,329.17

5.

Net increase in cash and cash equivalents

-1,087,512,308.57

270,546,727.47

Add: Balance of cash and cash equivalents at

the beginning of the period

2,184,186,118.60

2,072,774,014.80

6.

Balance of cash and cash equivalents at the

end of the period

1,096,673,810.03

2,343,320,742.27

Legal representative:

Person-in-charge of accounting

Person-in-charge of the accounting

WU Jianqiang

operations: ZHANG Jian

department: ZHANG Xiuyin

- 39 -

III. APPENDICES - Continued

3.2 Adjusting to the first implementation of the financial statements items at the beginning of the year with the first implementation of new financial instrument standard, new income standard and new lease standard

  • Applicable □ Not Applicable

Consolidated Balance Sheet

Unit: Yuan Currency: RMB

Item

31 December 2018

1 January 2019

Adjustment

Prepayments

1,154,443,987.85

1,154,136,289.66

-307,698.19

Right-of-use assets

28,531,409.02

28,531,409.02

Non-current liabilities due within

one year

1,353,597,500.02

1,365,250,795.66

11,653,295.64

Lease liabilities

16,570,415.19

16,570,415.19

Description of adjustment of each item:

  • Applicable □ Not Applicable

Pursuant to the Notice regarding the Amendment to the Accounting Standard for Business Enterprises No. 21 - Leases (Cai Kuai [2018] No. 35) published by the Ministry of Finance, enterprises listed in both domestic and overseas stock exchanges or enterprises listed overseas and adopted International Financial Reporting Standards or the Accounting Standards for Business Enterprises to prepare financial statements shall apply the above-mentioned standard from 1 January 2019. The Company reassessed the lease contracts and has applied the simplified transition method. The financial data on 1 January 2019 was retrospectively adjusted in this report, and the comparative data for the year prior to the first implementation of the new lease standard was not restated. All right-of-use assets are measured at the amount of the lease liabilities at the time of use (adjusted by prepaid or payable lease expenses).

The parent company's balance sheet does not contain the adjustments against the adoption of the lease standard from 1 January 2019

Description of adjustment of each item:

  • Applicable ✓ Not Applicable

- 40 -

III. APPENDICES - Continued

3.3 Description of the first implementation of new financial instrument standards and new lease standards on the retrospective adjustment of the comparative figures for the previous period

  • Applicable ✓ Not Applicable

3.4 Audit Report

  • Applicable ✓ Not Applicable

By Order of the Board

China Aluminum International Engineering Corporation Limited

ZHANG Jian

Joint Company Secretary

Beijing, the PRC, 30 October 2019

As at the date of this announcement, the non-executive directors are Mr. WANG Jun and Mr. LI Yihua; the executive directors are Mr. WU Jianqiang, Mr. ZONG Xiaoping, Mr. WU Zhigang and Mr. ZHANG Jian; and the independent non-executive directors are Mr. GUI Weihua, Mr. CHEUNG Hung Kwong and Mr. FU Jun.

- 41 -

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China Aluminum International Engineering Corp. Ltd. published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 15:26:08 UTC