( 于中华人民共和国注册成立的股份有限公司 ) 股票代码 : 年度报告

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1 ( 于中华人民共和国注册成立的股份有限公司 ) 股票代码 : 年度报告

2 目录 第一节 释义 3 第二节 董事长致辞 4 第三节 公司简介和主要财务指标 6 第四节 公司业务概要 10 第五节 经营情况讨论与分析 16 第六节 重要事项 42 第七节 普通股股份变动及股东情况 66 第八节 优先股相关情况 74 第九节 董事 监事 高级管理人员和员工情况 75 第十节 公司治理 88 第十一节 公司债券相关情况 100 第十二节 财务报告 106 第十三节 备查文件目录 339 第十四节 董事 高级管理人员对 中国中铁股份有限公司 2018 年年度报告 340 的书面确认意见 铁路建设 2018 年完成铁路正线铺轨 新签合同 2018 年新签合同额 人民币 16,921.6 亿元 7,085 公里

3 市政工程 2018 年完成城市地铁 329 公里 铺轨工程 531 公里 轻轨土建工程 公路建设 2018 年完成公路建设 2,553 公里

4 ,844,301, ,924,070,

5 第一节释义 3 一 释义 SH BT Build-Transfer BOT Build-Operate-Transfer PPP Public-Private-Partnership TBM Tunnel Boring Machine BIM Building Information Modeling

6 4 第二节董事长致辞 长

7 第二节董事长致辞 % 长

8 6 第三节公司简介和主要财务指标 公司 CHINA RAILWAY GROUP LIMITED CHINA RAILWAY 和 69 A ir@crec.cn 三 简介 A ir@crec.cn 公司 简 A H 00390

9 第三节公司简介和主要财务指标 A H M 三 主要 和财务指标 主要 (%) ,713, ,944, ,944, ,406,523 17,198,138 16,066,833 16,066, ,509,165 15,863,469 15,796,818 15,796, ,794,709 11,961,697 33,220,139 33,174, ,495, (%) ,782, ,380, ,380, ,333, ,676, ,083, ,083, ,509,273 主要财务指标 (%) 2016 / / / (%) (%)

10 8 第三节公司简介和主要财务指标 财务 和 公司 公司 17,198,138 16,066, ,782, ,438, , ,428 17,198,138 16,066, ,618, ,274,993 财务 和 公司 三 2018 主要财务 第 1-3 第 4-6 第三 7-9 第 ,572, ,925, ,927, ,288,433 3,197,426 6,354,975 3,492,416 4,153,321 3,043,652 6,184,494 2,976,738 3,658,585 26,773,372 1,971,965 3,934,580 44,641,614

11 第三节公司简介和主要财务指标 9 和 , , , , , , , , , , , ,209 / 467, , ,213 / / 52, , , , , , ,526 19,748 15,838 30, ,498 49, ,872 1,334, ,015 1,714,456 公 4,299,298 4,294,866 4, ,873 2, , , , ,900,639 5,792, ,579 49,308 8,620,441 7,366,277 1,254, , ,340 69,340 29,340 56,580 1,622 54,958 30,798 18,765,893 17,737,783 1,028,110 1,184,

12 中国中铁股份有限公司 二零一八年年度报告 10 第四节 公司业务概要 张宗言 执行董事 总裁 党委副书记 一 报告期内公司所从事的主要业务 经营模式及行业情况说明 本公司是全球最大的多功能综合型建设集团之一 能够为客户提供全套工程和工业产品及相关服务 公司在基础设 施建设 勘察设计与咨询服务 工程设备与零部件制造等领域处于行业领先地位 并延伸产业链条 扩展增值服 务 开展了房地产开发 物资贸易 基础设施投资运营 矿产资源开发及金融等相关多元业务 经过多年的实践和发 展 公司各业务之间形成了紧密的上下游关系 基础设施建设业务带动工程设备与零部件制造 勘察设计与咨询 物 资贸易业务 基础设施投资 房地产开发 矿产资源开发业务带动勘察设计与咨询 基础设施建设业务 勘察设计 与咨询带动基础设施建设业务 工程设备与零部件制造为基础设施建设提供架桥机 盾构等施工设备和道岔 桥梁 钢结构 轨道交通电气化器材等工程所需零部件 物资贸易为基础设施建设提供钢材 水泥等物资供应 金融业务 为基础设施投资和房地产开发提供融资服务 逐步形成了公司纵向 建筑业一体化 横向 主业突出 相关多元 的 产品产业布局 报告期内 公司所从事的主要业务 经营模式及行业情况说明如下 一 基础设施建设业务 1. 行业概览 国内方面 近年来 我国经济发展进入新时代 经济运行保持在合理区间 呈现总体平稳 稳中有进态 势 国家积极推进 一带一路 京津冀协同发展 长江经济带 雄安新区 粤港澳大湾区 海南自贸区 等重大区域规划和新经济带建设 为中国基础设施建设行业的发展提供了良好的发展机遇 2018年 全 国建筑业总产值同比增长9.9% 基础设施投资比上年增长3.8% 增速较上年同期有所放缓 但自2018 年下半年开始 国家把加大基础设施补短板作为推进供给侧结构性改革 巩固经济稳中向好态势 促进 就业和提升国家长期综合竞争力的重要举措 聚焦基础设施领域突出短板 保持有效投资力度 铁路公 路水路方面 全年完成交通固定资产投资约3.1万亿 其中铁路固定资产投资完成8,028亿元 投产新线 4,683公里 全国铁路营业里程达13.1万公里 其中高速铁路达2.9万公里以上 公路水路建设完成投资 2.3万亿元 新增公路通车里程约8.6万公里 其中新增高速公路约6,000公里 全国公路总里程超过486 万公里 其中高速公路总里程约14.2万公里 城市轨道交通方面 随着城市交通供给结构性改革持续深 化 2018年全年实现新增城市轨道交通运营线路734.0公里 截至2018年底 已有35个城市建成投运城 轨线路5,766.6公里 在建里程超过6,000公里 2018年城市轨道交通运营里程 客运量 在建线路长 度 规划线路长度均创历史新高 尤其自去年下半年国家加快了城市轨道交通建设规划的审批进程 为 城市轨道交通市场保持良好发展态势奠定了基础 我国的高铁 高速公路以及城市轨道交通运营里程均 居世界第一

13 第四节公司业务概要 11 PPP PPP 2018PPP12, , , , % 20181, % % 2. 公司业务概 80 BOT PPP PPP PPP % 40% 10% 务业务 1. 业概 2018

14 12 第四节公司业务概要 2. 公司业务概 2018 ENR 业务 1. 业概 % 11.7%8.1% 2. 公司业务概 2 TBM % 50% 60% 60% 40%

15 第四节公司业务概要 13 四 业务 1. 业概 , % 85, % 5, % 14, %171, %2.2%8.3% 6.8% 52,414 6, , % 14.7% 2.6% 0.7% 公司业务概 16 业务 1. 业务 /

16 14 第四节公司业务概要 2. 业务 PPP 公司 要 , % % 业务 80 业

17 第四节公司业务概要 , ,528 1,454 9,0572, BIM /TBM TBM /TBM TBM (TBM)367 (TBM)342 业 ,

18 16 第五节经营情况讨论与分析 经营情况讨论与分析 2018 经营 , % 70007, % % % % 9, % 2, % 76.43% A , % ,152 9, , % 16% 21% A 5 A

19 第五节经营情况讨论与分析 17 经营情况 , % % % % 16, % 15, % 1, % % 29, % 分析 (1) , % , % 分 2, % 5, % % 7,085 6,6863, % 5, %PPP BOT 2,553 1,304 8, % 16, % % 2, % 分 11, % 3, % PPP

20 18 第五节经营情况讨论与分析 经营情况 (2) 与 % % 2018 (3) 与 % %60% / TBM / TBM (4) % % % % , ,505.0 (5) 2018 营 分析 分析 (%) 737,713, ,944, ,681, ,258, ,537,258 2,853, ,664,214 18,871, ,436,186 11,102, ,953,242 3,964, ,961,697 33,220, ,333,097-32,425,641 27,907,242 1,547,021 1, ,466,179 12,020, [2018] [2019]1 2018

21 第五节经营情况讨论与分析 19 经营情况 营 分析 1. (1). 营 分 情况 分 营 营 (%) 营 (%) 营 (%) (%) 624,211, ,871, ,609,594 10,513, ,999,942 11,427, ,324,215 32,652, ,291,222 32,527, ,436, ,991, 营 分 情况 分 营 营 (%) 营 (%) 营 (%) (%) 697,575, ,302, ,860,982 39,689, ,436, ,991, 营 分 分 分 情况 , % 0.19

22 20 第五节经营情况讨论与分析 经营情况 营 分析 1. (1) % % % %0.84 PPP(BOT) % 50.26% % 48.66% % 8.35% % 88.58% %5.79% 6, % %10.36% % 0.95 (2).

23 第五节经营情况讨论与分析 21 经营情况 营 分析 1. (3). 分 情况 分 (%) (%) (%) 577,871, ,449, ,513, ,100, ,427, ,690, ,652, ,919, ,527, ,599, ,991, ,758, 分 情况 分 (%) (%) (%) 267,318, ,949, ,665, ,654, ,997, ,004, ,009, ,151, ,991, ,758, 分析 情况 (4). 2, % % % %

24 22 第五节经营情况讨论与分析 经营情况 营 分析 2. (%) 3,537,258 2,853, ,664,214 18,871, ,436,186 11,102, ,953,242 3,964, ,274,810 5,340, % % % % % % 9.50% 21.02% 75.40% % 情况 13,436,186 29,993 13,466,179 (%) ,125 (%) 9.26 (%) 0.22 情况 2018

25 第五节经营情况讨论与分析 23 经营情况 营 分析 , (%) 11,961,697 33,220, ,333,097-32,425,641 27,907,242 1,547,021 1,

26 24 第五节经营情况讨论与分析 经营情况 营 情况分析 1. (%) (%) (%) 109,490, ,180, ,241, ,738, ,233, ,766, ,969, ,278, ,655, ,469, ,999, ,435, / 76.43% % , % , % % % PPP %

27 第五节经营情况讨论与分析 25 经营情况 情况分析 % % 12.5% % 8.00% 2.88% 4.88% % 6.4%) % 7.2% 4.11% 6.3% % 7.49% ,708, ,809 25,032,362 9,914,442 6,214 24,368,377 76,596,939 3.

28 26 第五节经营情况讨论与分析 经营情况 经营 分析 1. (1) 分 ,326 1, ,10.2 1, ,326 3, ,510.2 (2) 分 , ,151 8, , , , , ,99.3 4, , , ,489.3

29 第五节经营情况讨论与分析 27 经营情况 经营 分析 1. (3) 分 4PPP PPP 15,300, % 3,985,813 9,454,285 3,267,352 8,359,037 EPC BOT 10,760, % 3,158,287 4,362,869 2,509,013 3,435,196 8 BT 10,279, % 3,138,509 4,552,993 2,811,486 4,104,006 9PPP PPP 10,343, % 2,923,098 3,970,404 2,428,067 3,315,503 1 PPP 9,354, % 2,915,892 5,023,537 2,723,897 4,662,574 (PPP) 9,414, % 2,271,802 5,492,091 2,228,700 5,095,175 S25 PPP 4,332, % 2,086,201 3,520,160 1,809,108 3,094,592 EPC PPP 4,619, % 2,085,551 3,192,422 1,736,772 2,679, ,415, % 2,013,525 5,305,122 1,893,071 4,896,823 3 BT 7,643, % 1,965,064 6,563,167 1,953,356 5,910,395 (4) 149 1,775, ,195, ,007, , , ,065, ,790.0

30 28 第五节经营情况讨论与分析 经营情况 经营 分析 1. (5) 4,122,106, ,351, ,684-4,258,819, ,245,613 (6) % % % 624,211, ,580, ,485, (7) (%) (%) (%) 240,975, ,014, ,562, ,362, ,230, ,014, ,862, ,243, ,713, ,671, ,961, ,827, ,871, ,449, ,117, (8) ,

31 第五节经营情况讨论与分析 29 经营情况 经营 分析 1. (9) 2018 ISO GB/T /ISO and GB/T ISO GB/T /ISO GB/T / OHSAS (1) , , / , , , ,

32 30 第五节经营情况讨论与分析 经营情况 经营 分析 2. (2) % 17.67% 16.44% ,655,455 1,912, ,953, , ,944, , ,115, , ,818, , , , ,852,405 1,103, ,253,303 1,185, ,013 55,031 3, , , ,021,866 6,712,384 (3) % % / ,035 29, ,761 19, ,100 34, ,052 8, ,068,162 14, , ,459,740 9, ,387,311 11, ,520 19,743 5, ,302,681 12,283

33 第五节经营情况讨论与分析 31 经营情况 经营 分析 2. (4) 22,660,000 14,180, % 8,000,000 6,150, % 3,000,000 5,260, % 2,360,000 2,660, % 863,900 1,482, % (5) S1 S % % % 3/5 100% 100% 8 100% % % 3 100% A-HJ %

34 32 第五节经营情况讨论与分析 经营情况 经营 分析 2. (6) (7) 3. / (%) 情况 % % % MKM 2.26% % % SICOMINES 0.24% % / % g/t % / / 0 / 3.21% g/t g/t / / 0 / 8 7% / / 5.09% g/t 256.8

35 第五节经营情况讨论与分析 33 经营情况 五 况分析 1 40,743,003 14,937,803 25,805,200 (%) (1) 营 营 (%) 营 营 经营 (2)

36 34 第五节经营情况讨论与分析 经营情况 五 况分析 1 (3) 情况 1 HK , , HK , , / , , , , , , , / 2, , / / / / 3, / / 204, , , , / 情况 , , , , , , , HK , , , , , , , / / / / / / 92, , , , /

37 第五节经营情况讨论与分析 35 经营情况 五 况分析 1 (3) 情况 / 15 / / / / / %29.38% 26.98%23.81% %29.38% 26.98%23.81%1,165, / 9 169,

38 36 第五节经营情况讨论与分析 经营情况 分析 1 52,597,860 10,544,572 1,071, ,611,902-2,415,492-4,370, ,041,847 12,830, , ,662,313 8,761, , ,429,181 13,022,331 1,467, ,630,929 10,101, , ,142,709 5,198, , ,179,451 5,593, , ,889,599 7,701, , ,807,977 3,806,034 42, ,869,249 6,477, , ,181,969 7,900,601 1,006, ,629,154 5,933, , ,021,028 7,287,757 1,011, ,859,572 1,086,315 77, ,851,376 18,065,596 1,658, ,407,623 2,044,102 47, ,585,412 4,737, , ,717,111 4,216, , ,247,438 3,127, , ,767,024-20,947 13, ,440,569 3,359, , ,699, ,767 37, ,416,680 1,925, , ,559, ,059 88, ,614, ,976 34, , ,501 27, ,024,034 11,370, , ,820,205 3,553, , ,736,492 6,809,025 19, ,518,860 3,421,298 1,183, ,895,616 2,058, , ,756,887 3,535, , ,736,559 1,371,831 63, , ,519 35,228

39 第五节经营情况讨论与分析 37 经营情况 分析 , ,792-1, ,887,538 16,048,208 1,510, ,825,013 13,840,671 1,200, ,836,057 3,539,161 1,824, ,954,787 9,109,815 1,229, ,004,954 10,767, , ,769,538 1,257, , ,860,611 3,634, , ,830,992-82, ,257,554 97,388-2, , % 情况 营 营 营 1 12,501,517 9,672,701 2,130,967 1,824,709 1,706,296 情况 讨论与分析 (GIH)

40 38 第五节经营情况讨论与分析 讨论与分析 2. (1) , % 30%8, % , %9% 16%13% (2)

41 第五节经营情况讨论与分析 39 讨论与分析 与 3. 与 4.

42 40 第五节经营情况讨论与分析 讨论与分析 5. 经营 7, , % 6, , % % 16, , % ,5006, , PPP

43 第五节经营情况讨论与分析 41 讨论与分析 7. 情况

44 42 第六节重要事项 1. (1) (2) 30% 10% (3) ,844,301, ,581,406, % A ,122,955, ,635, ,119,494, ,290,211, % 1,111,949, ,906,924, ,844,301, ,924,070, % 46,982,853,

45 第六节重要事项 (1) 30% (2) % (%)

46 44 第六节重要事项 要 事项 事项 / / / / http://

47 第六节重要事项 45 事项 项 项 事 重 (36) 2018 (36) 重 事

48 46 第六节重要事项 六 事 3, 事 事 重 事项 重 事项

49 第六节重要事项 47 事 事 事项 重 1 事项 2 事项 (%) 20,025 20,025 1% 160, ,157 1% / 180, ,182 /

50 48 第六节重要事项 重 3 事项 1 事项 2 事项 3 事项 4 重 1 事项 2 事项 3 事项 1 事项 2 事项 3 事项

51 第六节重要事项 49 重 1. 5,000, ,500, ,500, ,981, ,975, ,950, , ,681 97,101 8,029 1,

52 50 第六节重要事项 重 3. 项 27,000 40,765 5,940 4, 重 事项 1 2 3

53 第六节重要事项 51 重 554, /6/ /6/ /6/20 1,991, /12/ /12/ /11/24 60, /12/ /12/ /4/4 MontagProp Proprietary Limited 71, /7/ /7/ /7/30 244, (A) 2,677, ,193, (B) 40,920, (A+B) 43,598, (%) (C) 70% (D) 40,305, % (E) (C+D+E) 40,305, ,991,583.85

54 52 第六节重要事项 重 1. (1) 10, , , , , (2) % 32, /9/3 2021/9/3 1, , /9/5 2021/9/ , /3/ /3/ , /12/ /6/18 BT , /11/2 2019/11/2 PPP , /12/ /12/25 BT , /2/2 2021/2/ , BT 5, /4/ /4/12 PPP , , /9/ /9/ PPP 9, /6/ /9/ PPP 4, /6/ /6/ PPP , /12/9 2021/12/ , , , , /8/3 2023/8/ , , , /11/ /11/ , ,759.41

55 第六节重要事项 53 重 1. (2) % 40, /3/6 2024/3/ /11/1 2018/11/1 BT 8, /4/1 2028/4/1 PPP 6, /6/ /6/ PPP , /12/ /12/27 PPP , /4/6 2016/4/ /4/6 2016/4/ , /1/ /1/ , /10/ /10/16 G324 PPP (3)

56 54 第六节重要事项 重 2. (1) 70, , (2) 16, , , , , , , , , (3) 3.

57 第六节重要事项 55 重 重 1. 重 (1) 1 MHTJ-10 MHTJ- 28 MHTJ-24 MHTJ-3 MHTJ-15 MHTJ-17 MHTJ-19 MHTJ-6 MHTJ-9 MHTJ-30 MHTJ-31 MHTJ-16 MHSS-3 MHSS-5 MHSS-6 MHQG-2 MHPJ-1 MHPJ-2MHTJ-14 MHTJ-16 MHTJ-28 MHTJ-30 MHSS ,866, ,963, ZWCQZQ-1 ZWCQZQ-3ZWCQZQ-4 ZWCQZQ-5ZWCQZQ-10 ZWCQZQ-2 ZWCQZQ-8ZWCQZQ-9 ZWCQZQ-10 ZWZQ-2 ZWZQ-3ZWZQ 6 ZWZQ ,080, , , S , DSSG ,082, ,132, ,310 39

58 56 第六节重要事项 重 重 1. 重 (2) , , , (3) 1 B , , , , , ,200 11

59 第六节重要事项 57 重 重 1. 重 (4) 项 项 项 m 2 ) (5) BOT BOT 1 BOT 2 BOT 3 BOT , , , (6) 项 项 % 8 PPP 2 50% BOT 3 50% PPP 4 42% 9 PPP 项

60 58 第六节重要事项 重 重 2. 重 (1) 1 QHTJ-1 QHTJ-2 QHTJ-3 QHTJ- / 4 LNSD-1 LNZF- 2 2 GNZQ-1 GNZQ-2 GNZQ- 3 GNZQ-5 GNZQ-1 GNSN-2 GN- GBDS 3 HSTZQ-1 HSTZQ-4 HSTZQ-6 HSTZQ-7 HSTZQ-1 EPC EPC ~12 1,429,358 18~ ~12 1,159, ~11 1,064, ST CX-WX , , , ,350, ,798, ,145,

61 第六节重要事项 59 重 重 2. 重 (2) EPC , , ,801 (3) 1 BKGL-03 2 BKGL , , , , Porr Bau GmbH & Bel Six Constuct LCC JV TBM , ,625 8

62 60 第六节重要事项 重 重 2. 重 (4) 项 项 项 m m m m m m 2 (5) 项 项 项 45.9% PPP 90% PPP % PPP

63 第六节重要事项 61 重 重 2. 重 (6) 要 2,000 1, EPC PPP+EPC PPP BOT 1, 六 重 事项

64 62 第六节重要事项 [2015] 要 , , , , , ,500 4,000

65 第六节重要事项 , , 项 , , / 1, ,

66 64 第六节重要事项 3. 项 , , ESG 1. 重 重要

67 第六节重要事项 重 2018 ISO 重

68 66 第七节普通股股份变动及股东情况 普通股股 变动情况 普通股股份变动情况 1 普通股股份变动情况 2 普通股股份变动情况 3 普通股股份变动 股 股 4 股份变动情况 股东 股 股 股 股 308,880, ,880, A ,880, ,880, / / ,880, ,880, 情况 情况 情况

69 第七节普通股股份变动及股东情况 67 普通股股份 及股东 变动及 变动情况 股东 股份 股份 股 股 A 11,418,542, % H 164,394, % A A 7,218,368, % H H 4,042,996, % 22,844,301, % 股情况 股东 情况 股东 630, ,

70 68 第七节普通股股份变动及股东情况 股东 通股东 股东 股情况 股东 股情况 情况 股东 股 (%) 股份 股份 股东 -841,847,418 11,582,936, HKSCC Nominees Limited 1,818,487 4,008,595, ,606, ,615, ,904, ,904, ,566, ,566, ,500, ,455, ,780, ,780, ,829, ,877, ,802, ,135, ,802, ,135, ,802, ,135, ,802, ,135, ,802, ,135, ,802, ,135, ,802, ,135, ,802, ,135, ,802, ,135,

71 第七节普通股股份变动及股东情况 69 股东 股情况 股东 通股 股份 及 11,418,542,890 11,418,542, ,394, ,394,000 HKSCC Nominees Limited 4,008,595,236 4,008,595, ,615, ,615, ,904, ,566, ,500, ,500, ,455, ,455, ,780, ,780, ,877, ,877, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, ,135, [2018]407424,904,009 A 11,574,976, % 424,904,009 A1.86% A 7,960,600 A %11,582,936, % 股东 股 及 股 10 股东

72 70 第七节普通股股份变动及股东情况 股股东及 情况 股股东情况 股股东情况 4 股股东变 情况 及 5 股股东 及 50.70% 情况 1 100%

73 第七节普通股股份变动及股东情况 情况 4 变 情况 及 5 及 100% 50.70% 6 通 股股东及 情况 股 股东 HKSCC Nominees Limited 股份 情况

74 72 第七节普通股股份变动及股东情况 七 及 股东及 股份 股份 及 A 股股东 股东 份 A 股 股 A 股 (%) 股份 (%) 11,418,542, H 股股东 股东 份 H 股 股 H 股 (%) 股份 (%) BlackRock, Inc. 374,579, ,804, ,600, JPMorgan Chase & Co ,708, ,637, ,086, The Bank of New York 252,554, Mellon Corporation 246,501, Deutsche Bank 2 229,803, Aktiengesellschaft 123,424, ,406, Lehman Brothers Holdings Inc. 210,186, ,560, JPMorgan Chase & Co JPMorgan Chase & Co. 份 H 股股份 H 股股份 40,320,149 14,832,869 46,931,000 2,805,000 5,370, ,086,793

75 第七节普通股股份变动及股东情况 Deutsche Bank Aktiengesellschaft Deutsche Bank Aktiengesellschaft 份 H 股股份 H 股股份 139,171, ,424,962 17,515,361 54,042,600 10,406,000 8,668, 股 股 股 股 股 股 股 股 股东 JPMorgan Chase & Co 148,000 1,886,000 19,707, , ,000 9,736,508 5,168,525 BlackRock, Inc. 7,343, ,000 Deutsche Bank Aktiengesellschaft 17,624,000 10,166,000 Lehman Brothers Holdings Inc. 10,000,000 60, XV23

76 74 第八节优先股相关情况

77 第九节董事 监事 高级管理人员和员工情况 75 情况 情况 董事 监事和高级管理人员 情况 / /6/ /6/28 105, , /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/28 1,200 1, /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/25 80,400 80, /6/ /6/ /6/ /6/ /6/ /6/25 50,069 50, /6/ /8/6 2018/8/6 2020/6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /6/ /8/6 2020/6/ /6/ /6/ /6/ /8/6 100, , / / / / / / 337, ,369 0 / 1, /

78 76 第九节董事 监事 高级管理人员和员工情况 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / / /

79 第九节董事 监事 高级管理人员和员工情况 77 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / / /

80 78 第九节董事 监事 高级管理人员和员工情况 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / / /

81 第九节董事 监事 高级管理人员和员工情况 79 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / / /

82 80 第九节董事 监事 高级管理人员和员工情况 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / / /

83 第九节董事 监事 高级管理人员和员工情况 81 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / / /

84 82 第九节董事 监事 高级管理人员和员工情况 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / /

85 第九节董事 监事 高级管理人员和员工情况 83 情况 情况 ( ) 董事 监事和高级管理人员 情况 ( ) / / 情况 董事 高级管理人员 情况

86 84 第九节董事 监事 高级管理人员和员工情况 董事 监事和高级管理人员 情况 情况 人员 情况 人员

87 第九节董事 监事 高级管理人员和员工情况 85 董事 监事 高级管理人员 情况 1, 董事 监事 高级管理人员 情况 情

88 86 第九节董事 监事 高级管理人员和员工情况 监管 情况 和 员工情况 员工情况 , ,256 0 人 2,090 27,647 61,607 72,759 27,698 90, ,256 人 248 8, , , ,256

89 第九节董事 监事 高级管理人员和员工情况 87 和 员工情况 , 情况

90 88 第十节公司治理 公司治理 公司治理 1. 公司 治理 理 A+H % 530A 247H 283 A

91 第十节公司治理 89 公司治理 公司治理 3. 理 2018IR E ,176 IR 8,210 E (600528) TOP10 理

92 90 第十节公司治理 1. (1) 10% % % (2) 10% (3) (1) 3% 3% 10 2 (2) 45 20

93 第十节公司治理 公司

94 92 第十节公司治理 A H AH ESG

95 第十节公司治理 公司

96 94 第十节公司治理 PPP 理 PPP

97 第十节公司治理

98 96 第十节公司治理

99 第十节公司治理 公司

100 98 第十节公司治理 公司 [2016] [2017] AH 公司 理 KPI KPI 3.

101 第十节公司治理 十

102 100 第十一节公司债券相关情况 一 公司债券 情况 债券 债券 (%) G G G Y Y Y Y Y Y

103 第十一节公司债券相关情况 101 一 公司债券 情况 债券 债券 (%) Y Y G2 10G3 10G4 A B D F Y1 18Y2 18Y3 18Y4 18Y6 18Y7 18 Y09 18 Y 公司债券 情况 G G3 G Y1 18Y2 18 Y3 18Y4 18Y6 18Y7 18 Y09 18 Y10 公司债券 情况

104 102 第十一节公司债券相关情况 公司债券 /9090/ 晛 /1742/ PICC12 公司债券 情况 G1 10G G G3 10G ,078, Y1 18 Y2 18Y3 18Y4 18Y6 18Y7 18 Y09 18 Y10 /

105 第十一节公司债券相关情况 103 公司债券 情况 G2 10G3 10 G AAA 10G2 10G3 10G AAA G2 10G3 10G Y1 18Y2 18Y3 18 Y4 18Y6 18Y7 18 Y09 18 Y10 公司债券 债 相关情况 ,006, ,214,451 (%) (%) ,391, % 公司债券 情况

106 104 第十一节公司债券相关情况 公司债券 情况 公司 (%) (EBITDA) 41,122,742 35,991, (%) EBITDA EBITDA (%) (%) 公司 债券 债 情况 十 公司 情况 , , , ,310.2

107 第十一节公司债券相关情况 105 十一 公司 公司债券 相关 情况 十 公司 公司 情况 债

108 106 第十二节财务报告 报告 (2019) ) 二 二

109 第十二节财务报告 107 (27)(a)(35)(a)(52)(d) ,211,312 (1) (2) (3) (4) (a) (b) (c) (d)

110 108 第十二节财务报告 (11) (a)(35)(b) (5) ,909,473 4,887,227 (1) (2) (3) (4)

111 第十二节财务报告 财务报 财务报

112 110 第十二节财务报告 财务报

113 合并资产负债表 ( ) 资产 (1) 134,476, ,392, ,392, ,084,537 (2) 2,962, ,465 (3) 4,294,866 4,299,298 (4) 650 2,095 (5) 109,490, ,180, ,921, ,381,384 (6) 41,612,959 29,181,925 29,181,925 43,531,404 (7) 30,514,802 31,335,022 44,742,693 36,810,258 (8) 165,241, ,738, ,463, ,804,401 (9) 109,245, ,525,477 (10) 21,277,010 36,012,490 37,114,078 35,515,791 (11) 35,527,983 31,961,457 18,651,032 5,701,922 资产合 651,681, ,629, ,429, ,953,162 资产 (12) 13,417,659 12,895,809 (13) 12,474,286 4,410,206 (14) 11,953,550 11,336,750 40,581,118 29,520,130 (15) 35,432,741 21,165,804 21,165,804 11,645,053 (16) 5,792,060 5,900,639 (17) 7,366,277 8,620,441 (18) 10,607,174 5,789,394 5,789,394 5,917,349 (19) 55,873,637 52,376,774 52,376,774 48,767,025 (20) 8,434,697 7,002,995 7,002,995 5,862,404 (21) 60,233,008 50,766,021 50,766,021 51,763,465 (22) 898, , , ,683 (23) 1,091, , , ,277 (24) 6,866,394 5,662,815 5,731,004 5,257,707 (25) 73,969,952 29,278,899 4,040,040 6,239,209 资产合 290,994, ,093, ,653, ,556,111 资产 942,676, ,723, ,083, ,509,273

114 112 合并资产负债表 ( ) 负债 (27) 72,655,690 54,469,634 54,469,634 56,183,715 (28) 823, , , ,209 (29) 56, ,562 69,340 (4) 1,622 56,580 (30) 343,800, ,038, ,038, ,658,759 (31) 282, ,387 84,571,421 67,494,240 (32) 91,999,246 84,435,656 (33) 3,608,830 3,016,970 3,016,970 2,688,403 (34) 9,838,365 8,562,191 8,562,191 7,684,761 (35) 57,334,822 50,399,083 50,399,083 50,360,129 (36) 25,523,637 31,635,998 31,635,998 22,267,042 (37) 16,522,113 16,338,142 16,338,142 4,474,006 负债合 622,460, ,349, ,303, ,601,826 负债 (38) 56,031,383 53,022,537 53,022,537 59,038,856 (39) 27,994,935 30,533,042 30,533,042 32,322,218 (40) 7,686,698 5,445,553 5,445,553 3,491,024 (43) 3,029,137 3,161,457 3,161,457 3,453,351 (41) 1,001, , , ,578 (42) 991,316 1,089,659 1,089,659 1,067,604 (24) 1,162,707 1,209,470 1,005, ,940 (44) 173, , , ,674 负债合 98,071,462 95,600,278 95,060, ,748,245 负债合 720,532, ,950, ,363, ,350,071

115 合并资产负债表 ( ) (45) 22,844,302 22,844,302 22,844,302 22,844,302 (46) 31,930,947 11,940,000 11,940,000 11,940,000 31,930,947 11,940,000 11,940,000 11,940,000 (47) 46,370,629 44,057,921 44,057,921 41,410,961 (48) (322,990) 556,975 (271,978) 398,692 (49) (50) 8,377,863 7,265,914 7,258,510 5,356,153 (51) 2,519,101 2,270,798 2,270,798 1,700,155 (51) 80,062,480 67,502,511 67,281,062 56,683, ,782, ,438, ,380, ,333,815 30,361,696 14,334,346 14,339,000 8,825,387 合 222,144, ,772, ,719, ,159,202 负债 942,676, ,723, ,083, ,509,273 后附为财务报表的组成部分 第 111 页至第 336 页的财务报表由以下人士签署 :

116 114 公司资产负债表 ( ) 资产 45,423,076 50,712,512 50,712,512 47,036, (1) 59,468 65, (2) 10,999,210 12,417,808 12,491,114 6,910,462 (3) 4,269,685 2,272,958 2,272,958 1,087,416 (4) 5,807,809 8,222,727 54,313,497 52,445,112 5,807 8,988 2,683,520 6,083,148 (5) 1,801,711 2,669,182 (6) 3,752,947 1,419,500 1,419,500 2,015,276 (7) 71,029,609 47,007, , ,182 资产 143,149, ,797, ,805, ,969,305 资产 (8) 2,780,755 2,784,250 (9) 1,652,414 4,785, , ,799 7,338,384 8,173,957 (10) 172,822, ,368, ,368,543 98,084,053 (11) 1,747,930 2,447,334 (12) 692, , , , , , , , , ,968 37,192 20,881 20,881 1, , , , ,502 84,070 64,389 64,389 62, ,888 13,713 26,183 10,574 (13) 6,968,809 3,003,609 1,021,207 1,457,145 资产 186,293, ,150, ,620, ,576,120 资产 329,443, ,948, ,426, ,545,425

117 公司资产负债表 ( ) 负债 (14) 22,600,000 3,400,000 3,400, ,000 (15) 17,361,092 13,265,225 13,265,225 11,214,947 5,117,331 3,175,593 (16) 8,974,244 5,117,331 12,789 9,127 9,127 17, , , , ,609 (17) 89,093,301 81,093,197 81,093,197 62,831,495 (18) 5,102,029 4,841,921 4,841,921 3,415, ,187 1,071,068 1,071,068 91,695 负债 144,163, ,447, ,447,368 82,010,787 负债 10, , ,127 1,767,678 (19) 17,750,813 19,788,863 19,788,863 21,437,692 3,573,474 3,456,938 3,456,938 2,314,235 13,910 15,100 15,100 6,483 4,105 10,199 10,199 11, ,834 负债 21,353,160 23,868,061 23,756,227 25,537,588 负债 165,516, ,315, ,203, ,548,375 22,844,302 22,844,302 22,844,302 22,844,302 31,930,947 11,940,000 11,940,000 11,940,000 31,930,947 11,940,000 11,940,000 11,940,000 51,736,226 51,736,226 51,736,226 51,736,226 (197,898) 328,250 (7,251) (7,093) 7,706,482 6,594,533 6,587,129 4,684,772 49,906,925 43,189,591 43,122,956 28,798, ,926, ,632, ,223, ,997,050 负债 329,443, ,948, ,426, ,545,425 后附为财务报表的组成部分

118 116 合并利润表 ( ) ,436, ,366,507 (52) 737,713, ,944, ,039 1,107,181 2,199,395 2,314, ,524, ,438,739 (52) 664,681, ,258, , ,934 (53) 5,739,929 4,643,313 (54) 3,537,258 2,853,840 (55) 20,664,214 18,871,206 (56) 13,436,186 11,102,566 (58) 6,953,242 3,964,274 5,344,325 4,118, ,073 1,618,367 (59) 717,300 9,244,586 (60) 7,484,071 (61) 853, ,291 (62) 4,734,030 2,039,900 1,616,190 1,532,630 (63) 9,766 48,991 (64) 187, ,879 22,696,257 19,249,829 (65) 597, ,914 (66) 582, ,184 22,711,088 19,543,559 (67) 5,274,810 5,340,018 17,436,278 14,203,541 17,436,278 14,203, ,140 (1,863,292) 17,198,138 16,066,833

119 合并利润表 117 ( ) (48) (921,038) (785,380) (879,965) (670,670) (826,003) 2,911 (124,646) 2,911 (701,357) (53,962) (673,581) 87,471 (46,829) (308,842) (139,839) (312,985) (1,594) (4,925) (41,073) (114,710) 16,515,240 13,418,161 16,318,173 15,396, ,067 (1,978,002) (68) () ()

120 118 公司利润表 ( ) (20) 40,752,063 38,387,374 40,752,063 38,387,374 43,186,391 37,685,187 (20) 38,617,373 35,700,113 77,089 55, , ,572 16,182 9,255 (21) 2,665,139 1,426,260 2,067,840 1,819, , ,543 57,504 1,173, (22) 13,780,796 19,222, , ,847 (6,437) 利润 11,340,071 19,925,611 18,499 6, ,531 50,106 利润 11,202,039 19,881,865 82, ,291 利润 11,119,495 19,023,574 11,119,495 19,023,574 (526,148) (158) (524,995) (1,125) (442) (1,125) (524,553) (1,153) 967 (648) 18 (505) ,593,347 19,023,416 () ()

121 合并现金流量表 119 ( ) 现金流量 836,396, ,689,333 2,732,002 4,413, ,474 64, ,633 1,922, , ,217 (69)(a) 7,919,408 6,853,533 现金流 848,525, ,942, ,542, ,098, , , ,934 63,164,627 54,272,962 30,647,337 24,362, ,486 (69)(b) 32,898,551 33,547,230 现金流 836,564, ,722,766 现金流量 (70)(a) 11,961,697 33,220,139 现金流量 12,089,621 14,699,622 2,588,602 1,194,355 1,661,456 1,422, , ,890 (69)(c) 1,329, ,280 现金流 18,466,588 18,516,141 18,980,642 15,275,304 29,540,853 34,820,174 (70)(c) 6,757, ,779 (69)(d) 2,520, ,525 现金流 57,799,685 50,941,782 现金流量 (39,333,097) (32,425,641) 现金流量 15,325,460 9,685,356 15,325,460 9,685, ,555,381 79,862,533 19,990,947 3,267,100 现金流 156,871,788 92,814, ,458,024 80,330,177 12,633,915 10,787, , ,921 (69)(e) 872, ,194 现金流 128,964,546 91,267,968 现金流量 27,907,242 1,547,021

122 120 合并现金流量表 ( ) 现金 现金 543,503 (483,657) 现金 现金 (70)(a) 1,079,345 1,857,862 (70)(a) 116,688, ,830,435 现金 现金 (70)(b) 117,767, ,688,297

123 公司现金流量表 121 ( ) 现金流量 45,145,741 41,987, ,994,593 8,098,205 现金流 52,140,334 50,086,539 37,663,072 36,783, , ,593 1,205,834 1,239, , ,030 现金流 40,288,659 38,900,001 现金流量 (23)(a) 11,851,675 11,186,538 现金流量 14,269,536 32,447,063 11,370,270 12,737, ,000,000 现金流 32,639,936 45,185,110 94,588 74,457 77,686,396 59,697,117 9,000,000 现金流 77,780,984 68,771,574 现金流量 (45,141,048) (23,586,464) 现金流量 19,990,947 23,500,000 4,726,710 3,758,147 10,333,676 现金流 47,249,094 15,060,386 7,217,746 3,426,766 5,353,773 4,528,131 现金流 12,571,519 7,954,897 现金流量 34,677,575 7,105,489 现金 现金 175,393 (29,915) 现金 现金 / (23)(a) 1,563,595 (5,324,352) (23)(a) 41,710,206 47,034,558 现金 现金 (23)(b) 43,273,801 41,710,206

124 122 合并股东权益变动表 ( ) 股东权益 股东 股 权益 合 益 合 股东权益 权益合 ,844,302 11,940,000 41,410, ,692 5,356,153 1,700,155 56,683, ,333,815 8,825, ,159, 变动 2,646,960 (670,670) 1,902, ,643 10,597,510 15,046,800 5,513,613 20,560,413 (670,670) 16,066,833 15,396,163 (1,978,002) 13,418,161 16,066,833 16,066,833 (1,863,292) 14,203,541 (48) (670,670) (670,670) (114,710) (785,380) (47) 2,646,960 (199,219) 2,447,741 7,810,024 10,257,765 2,552,356 2,552,356 7,133,000 9,685,356 94,604 (199,219) (104,615) 677, ,409 1,902, ,643 (5,270,104) (2,797,104) (318,409) (3,115,513) (50) 1,902,357 (1,902,357) (51) 570,643 (570,643) (51) (2,010,299) (2,010,299) (318,409) (2,328,708) (51) (786,805) (786,805) (786,805) (49) 11,766,069 11,766,069 1,339 11,767,408 (11,766,069) (11,766,069) (1,339) (11,767,408) ,844,302 11,940,000 44,057,921 (271,978) 7,258,510 2,270,798 67,281, ,380,615 14,339, ,719,615 (51) 828,953 7, ,449 1,057,806 (4,654) 1,053, ,844,302 11,940,000 44,057, ,975 7,265,914 2,270,798 67,502, ,438,421 14,334, ,772,767

125 合并股东权益变动表 123 ( ) 股东权益 股东 股 权益 合 益 合 股东权益 权益合 2018 变动 19,990,947 2,312,708 (879,965) 1,111, ,303 12,559,969 35,343,911 16,027,350 51,371,261 (879,965) 17,198,138 16,318, ,067 16,515,240 17,198,138 17,198, ,140 17,436,278 (48) (879,965) (879,965) (41,073) (921,038) (47) 19,990,947 2,312,708 12,295 22,315,950 16,658,328 38,974,278 1,855,610 1,855,610 17,013,509 18,869,119 (46) 19,990,947 19,990,947 19,990, ,098 12, ,393 (355,181) 114,212 1,111, ,303 (4,650,464) (3,290,212) (828,045) (4,118,257) (50) 1,111,949 (1,111,949) (51) 248,303 (248,303) (51) (2,581,406) (2,581,406) (828,045) (3,409,451) (51) (708,806) (708,806) (708,806) (49) 12,041,714 12,041,714 13,772 12,055,486 (12,041,714) (12,041,714) (13,772) (12,055,486) ,844,302 31,930,947 46,370,629 (322,990) 8,377,863 2,519,101 80,062, ,782,332 30,361, ,144,028

126 124 公司股东权益变动表 ( ) 股东 股 权益 公 股 益 公 权益 ,844,302 11,940,000 51,736,226 (7,093) 4,684,772 28,798, ,997, 变动 (158) 1,902,357 14,324,113 16,226,312 (158) 19,023,574 19,023,416 19,023,574 19,023,574 (158) (158) 1,902,357 (4,699,461) (2,797,104) (50) 1,902,357 (1,902,357) (51) (2,010,299) (2,010,299) (51) (786,805) (786,805) 18,483 18,483 (18,483) (18,483) ,844,302 11,940,000 51,736,226 (7,251) 6,587,129 43,122, ,223, ,501 7,404 66, , ,844,302 11,940,000 51,736, ,250 6,594,533 43,189, ,632, 变动 19,990,947 (526,148) 1,111,949 6,717,334 27,294,082 (526,148) 11,119,495 10,593,347 11,119,495 11,119,495 (526,148) (526,148) 19,990,947 19,990,947 (46) 19,990,947 19,990,947 1,111,949 (4,402,161) (3,290,212) (50) 1,111,949 (1,111,949) (51) (2,581,406) (2,581,406) (51) (708,806) (708,806) 32,080 32,080 (32,080) (32,080) ,844,302 31,930,947 51,736,226 (197,898) 7,706,482 49,906, ,926,984

127 125 ( ) ) ) ) 1,280, ) ,500 A A 467, ,490H ) ,490H 10% 38,249 H A ,520A ,440A 2,284,430

128 126 ( ) A10%46, ,195, % A 150 1,195, % A 30,8881,226, % H 16,439 1,242, % A42,490 1,157, % A 796 1,158, % ) (1)

129 127 ( ) (11) (13) (17) (20) (22) (23)(27) (29) (35) (1) 财务报表 ) 15 (2) (3) (4)

130 128 ( ) (5) (6) (a) (b)

131 129 ( ) (7) 财务报表

132 130 ( ) (7) 财务报表 (8) (15)

133 131 ( ) (9) (10) (a) (b) 财务报表

134 132 ( ) (11) (a) (i) (1) (2) (3)

135 133 ( ) (11) (a) (i)

136 134 ( ) (11) (a) (ii) 12 12

137 135 ( ) (11) (a) (ii) i) / PPP

138 136 ( ) (11) (a) (ii) ii) iii) (iii) (1) (2) (3)

139 137 ( ) (11) (b) 14 (c)

140 138 ( ) (12) (13) (a) (b) (c)

141 139 ( ) (13) (d) (e) (f) (g) (14) (11)

142 140 ( ) (15) (a)

143 141 ( ) (15) (b) (c) (d) (22)

144 142 ( ) (16) (22) (17) (a)

145 143 ( ) (17) (b) (%) (%) (c) 附注 (22) (d) (30)(b) (e)

146 144 ( ) (18) (22) (19) 3 (20) (a)

147 145 ( ) (20) (b) (c) / / (d) 2 10 (e) 2 10 (f) 2 10 (g)

148 146 ( ) (20) (h) (i) (22) (21)

149 147 ( ) (22) (23) (a)

150 148 ( ) (23) (b) (i) (ii)

151 149 ( ) (23) (c) (i) (24) (25)

152 150 ( ) (25) (a) 务 (b) (c) (d) (e) 务 (26)

153 151 ( ) (27) (a) 务 务 (b) (25)

154 152 ( ) (27) (c) 务 (d) (27)(a) (e) (27)(a) (f)

155 153 ( ) (28)

156 154 ( ) (29) (a) (b)

157 155 ( ) (30) (a) (b) (c) (31) (1) (2) (3)

158 156 ( ) (32) (33) 务

159 157 ( ) (34) (35) (a) 务 (b) 2018

160 158 ( ) (35) (c) (d) (e)

161 159 ( ) (35) (f) (27)(c) (g) (43) / , ,970 61, ,070

162 160 ( ) (35) (h) // / (i) (36) ) ) ) 2018 (a)

163 161 ( ) (36) (a) (i) ,392, ,392,403 2,962,726 2,960,631 2, ,921, ,180,769 44,742,693 13,310,425 31,335,022 1,271,691 1,271,691 35,842,387 35,658,490 6,187,239 5,809, ,000 2,661,023 1,378,819 1,215,228 4,569,397 4,685,411 75, ,262 40,581,118 36,987, ,553 4,012,441 4,040,040 3,614, ,765 66,

164 162 ( ) (36) (a) (ii) ,712,512 50,712, ,491,114 12,417,808 54,313,497 46,095,119 8,222,727 1,419,500 1,419, , ,850 65,905 65,905 2,000,000 2,447,334 7,338,384 2,714,200 4,785,

165 163 ( ) (36) (a) (iii) ,392,403 50,712, ,392,403 50,712, ,128,154 75,562,495 i) 25,612,627 50,880,119 ii) 735, ,463 96,666 iii) 1,497, , ,142,030 24,774, i) 25,612,627 50,880, , ,355,422 50,880, ,889, ,366,

166 164 ( ) (36) (a) (iii) ,960,631 iv),v) 9,249, ,755 ii) 735,553 26, ,919, , , , ,921, , vi) 354, , vii) 5,085,523 2,000,000 vii) 815, , ,900,639 2,447,334

167 165 ( ) (36) (a) (iii) ,689,350 2,780,755 iv),v) 9,249, ,755 vi),vii) 5,439,523 2,000, ,254,639 2,447,334 i) ,612,62750,880, ,205 ii) ,

168 166 ( ) (36) (a) (iii) iii) ,677,690 3,216,1121,497, , iv) ,179, , v) ,069,897 65, ,953

169 167 ( ) (36) (a) (iii) vi) , vii) ,870,295 31,844 2,000, ,116 31, , ,215,

170 168 ( ) (36) (a) (iv) ,782,537 (258,853) 4,523,684 5,814,859 (1,315,042) 11,023 4,510,840 1,578, ,205 1,835, ,447 (361,447) 25,157 25,157 31,844 (31,844) 135,565 (135,565) 141,229 (141,229) 60,751 (60,751) 568, ,575 25, , ,886 11,120, ,419 11,847,577

171 169 ( ) (36) (a) (v) ,436 73,306 74,742 34,758 (4,349) 30,409 27,709 27,709 5,349 5,349 36, , ,209 (vi) , ,780 1,057,806 7,404221, ,953 4, ,470111, ,540 7,40466, ,501

172 170 ( ) (36) (b) (i) ,094,052 2,674,531 25,664,122 1,982,401 (25,651,013) (1,982,401) (114,724,593) (2,674,531) 84,435,656 5,117,331 (84,389,034) (5,117,331) 335,946 (ii) ,175,050 1,809,819 (109,781,366) (1,809,819) 67,881,054 5,666,929 (67,881,054) (5,666,929) 91,999,246 8,974,244 (91,999,246) (8,974,244) 375,667 18,017

173 171 ( ) (36) (c) 财务报表 (i) (111,127,157) (111,127,157) (92,610,242) (24,794,759) (24,794,759) (11,771,142) 135,921, ,921, ,381,384 (291,609) (291,609) (145,916) (28,378) (28,378) (15,996) 319, , ,912 (8,587) (8,587) (1,633) 8,587 8,587 1,633 (58,360) (58,360) (121,295) 58,360 58, ,295 (282,057,889) (282,057,889) (258,385,509) (47,980,530) (47,980,530) (34,273,250) 330,038, ,038, ,658,759 (836,166) (836,166) (896,368) (607,137) (607,137) (509,648) 1,443,303 1,443,303 1,406,016 (751,040) (751,040) (72,702) 751, ,040 72,702

174 172 ( ) (36) (c) 财务报表 (i) 报表 2017 (11,102,566) 11,102,566 (426,351) 426,351 (2,195) 2,195 (ii) ,066

175 173 ( ) (36) (c) 财务报表 (iii) (10,445,398) (10,445,398) (5,439,305) (5,261,829) (5,261,829) (3,878,247) 15,707,227 15,707,227 9,317,552 (126,975) (126,975) (1,334,940) (1,334,940) (960,143) 1,461,915 1,461, ,143 (17,625,835) (17,625,835) (15,370,287) (1,045,097) (1,045,097) (25,000) 18,670,932 18,670,932 15,395,287 (543,846) (543,846) (558,711) (363,167) (363,167) (285,167) 907, , ,878 报表 2017 (9,255) 9,255 (2,502,526) 2,502,526 (533) 533

176 174 ( ) (36) (c) 财务报表 (iv) (d) 2018 (i) (46,677,690) (46,677,690) (47,922,218) 28,023,698 28,023,698 27,966,887 18,653,992 18,653,992 19,955,331 (6,349,293) (6,349,293) (6,055,889) 3,936,375 3,936,375 4,054,057 2,412,918 2,412,918 2,001,832

177 175 ( ) (36) (d) (ii) (3,216,112) (3,216,112) (2,407,090) 1,419,500 1,419,500 1,192,480 1,796,612 1,796,612 1,214,610 (5,405,707) (5,405,707) (4,180,340) 1,948,769 1,948,769 1,866,105 3,456,938 3,456,938 2,314,235 (1) (a) 25% (b) 17% 16% 11% 10% 6% 3% 7% (a) (b) % 11% % 10%

178 176 ( ) (2) (a) 3 15%

179 177 ( ) (2) (b) % % ) %

180 178 ( ) 财务报表 附注 (1) , , ,603, ,622,747 11,691,502 9,471, ,476, ,392,403 6,518,282 5,630, ,708, ,704,106 (70)(b) 1,805, ,072 (2) ,878,855 81,776 2,095 2,962,726

181 179 ( ) 财务报表 附注 (3) (a) 3,232,092 (17) 913,098 (b) 120,121 (c) 15,500 14,055 4,294,866 (a) (b) (c) (4) ,622 1,622

182 180 ( ) 财务报表 附注 (5) (a) 3,580,643 24,794,759 (b) 105,909, ,127, ,490, ,921,916 (a) ,736 2,430,460 2,897,278 22,364,299 6,371 3,580,643 24,794, , ,844 2,430,460 2,897,278 22,364,299 3,587,014 24,794,759 6,371 3,580,643 24,794,759 (i) (ii) ,332, ,025 70,771 3,332, , (iii) ,612,

183 181 ( ) 财务报表 附注 (5) (b) ,796, ,909,694 4,887,227 4,782, ,909, ,127,157 (i) ,193,409 92,071,898 17,554,832 13,039,608 7,089,829 4,583,307 2,604,560 2,726,666 1,820,630 1,556,619 2,533,440 1,931, ,796, ,909,694 (ii) 务 (%) 1 21,748, , ,119, , ,600, , ,099, , , ,629 27,475, ,137

184 182 ( ) 财务报表 附注 (5) (b) (iii) ,606, ,775,397 1,540, ,793 (iv) , , (v) , , , ,200 (38)(a) (c) ,371 4,887,227 4,782,537 4,893,598 4,782,537 (i) ,486 13% 18, , % 129, , % 109, , % 94, , % 91,616 3,580,216 42% 1,486,597 4,146,541 1,930,960

185 183 ( ) 财务报表 附注 (5) (c) (ii) ,897, % 6, , ,491, % 14,992 1,107, % 33, , % 24, , % 17,892 68, % 12, , % 64,386 9,476, ,767

186 184 ( ) 财务报表 附注 (5) (c) (ii) / ,998, % 168,120 7,741, % 387,076 3,092, % 309, , % 160, , % 123, , % 444,890 55,111,479 1,594, ,835, % 35,671 1,721, % 51, , % 42, , % 20,932 98, % 14, , % 35,762 20,825, ,878

187 185 ( ) 财务报表 附注 (5) (c) (ii) ,477, % 24, , % 27,013 46, % 8,285 5, % 2, , % 61,589 12, % 8,051 3,002, , ,398, % 67,547 2,641, % 158,518 1,016, % 152, , % 162, , % 120, , % 199,901 18,233, ,808

188 186 ( ) 财务报表 附注 (5) (c) (iii) ,943, ,873,621 1,385, , , , ,652 (d) ,296 (6) ,659,325 36,614,456 46,366 7,432,531 41,612,959 29,181,925 (a) ,464,311 92% 25,605,213 70% 1,253,522 3% 2,999,927 8% 802,338 2% 1,550,769 4% 1,139,154 3% 6,458,547 18% 41,659, % 36,614, % ,195, ,009,243

189 187 ( ) 财务报表 附注 (6) (b) 务 1 5,045,517 12% 2 4,329,295 10% 3 1,553,824 4% 4 1,446,100 3% 5 1,403,000 3% 13,777,736 32% (7) ,607,981 13,708,359 11,008,468 8,919,230 2,579,847 2,957, , , , ,385 22,164 28,378 14,711,690 17,604,038 9,681,829 44,438,300 50,557,552 13,923,498 5,814,859 30,514,802 44,742,693

190 188 ( ) 财务报表 附注 (7) (a) 表 (i) ,303 10% 1, ,000 4% ,903 15% 1, , % 8, ,215 7% ,102 8% 57, ,841 69,973 9,257, % 46,557 5,902, % 29,579 5,240, % 33,881 20,399, ,017 (ii) (iii) ,302,128 99% 1,287, ,072, % 1,072, , % 917, , % 748, , % 709,586 9,350,741 79% 7,432,189 14,101,295 12,167,984 5,193, % 735,167 1,643, % 310,954 2,317, % 529,403 9,154,609 1,575,524

191 189 ( ) 财务报表 附注 (7) (b) ,618, ,745, , , , , ,445 (c) ,969 (d) (%) 1 1,600, , ,302, ,287, ,072, ,072, ,000, , , ,134 5,892, ,290,445 (e) (f)

192 190 ( ) 财务报表 附注 (8) (a) ,404, ,056 17,258,309 14,452,969 7,596 14,445,373 6,963,230 6,963,230 5,681,179 1,177 5,680,002 7,019, ,019,215 4,803,800 3,574 4,800,226 5,169,541 80,323 5,089,218 4,144,363 83,917 4,060,446 (i) 99,563, ,869 99,400,137 74,409, ,964 74,252,549 (ii) 27,420, ,412 27,287,692 23,020, ,422 22,805,780 2,223,458 2,223,458 1,959,839 1,959,839 (iii) 114,794, , ,458, ,763, , ,241, ,266, , ,463, ,032, ,315,158 11,750, ,599,942 (38)(b)

193 191 ( ) 财务报表 附注 (8) (a) (i) ,274,435 10,372,658 10,297, ,856,080 7,119, ,276,850 5,920,851 5,231, ,032,560 4,647, ,700,000 4,467, ,080,920 3,314, ,811,230 2,872, ,343,184 2,536, ,647,348 2,285, ,880,372 2,120,078 1,645, ,000,000 2,097,744 1,442, ,319,550 1,994, ,780,000 1,954,430 2,168, ,941,460 1,902,812 1,687, ,713,490 1,805, ,238,000 1,754,166 1,764, ,192,121 1,642,838 1,521, ,500,000 1,537,721 1,477, ,034,895 1,522,756 1,775, ,931,940 1,507,524 1,424, ,782,310 1,318,023 1,753, ,139,257 1,252,288 1,197,227 A B C D F ,695,470 1,208, , ,553,447 32,407,823 40,553, ,724,919 99,563,006 74,409,513

194 192 ( ) 财务报表 附注 (8) (a) (ii) ,054,509 1,674,223 2,380, ,995,556 1,416,135 1,579, ,551,789 63,611 1,488, ,474, ,260 1,286, ,206 1,066,414 1,015, , , , , , , , , ,505,526 2,829, , ,080, , , , , , , ,499 7,506 47, ,308 1# 2# ,150, , ,506 3# 4# 5# ,951 1,069, , , ,054, , , , , , , , ,517 A B C D , , , , , , , , , , , , , , , , , , ,065 14,186 36, , , , , ,125, , ,721 11,133,070 21,893,169 22,450,806 10,575,433 23,020,202 40,847,200 36,447,298 27,420,104

195 193 ( ) 财务报表 附注 (8) (a) (iii) ,458,875 (14,963,427) 99,495,448 3,700,491, ,281, ,946 3,883,941,309 99,495,448 (b) ,596 7, ,421 8,599 4, ,056 1,177 1,177 1,177 3,574 3, , ,917 83, ,556 80, , ,964 63,012 57, , , ,422 37,717 57,107 5, , , ,946 (335,946) 803,596 (335,946) 467, ,873 57,107 15, ,572 57, ,386

196 194 ( ) 财务报表 附注 (8) (c) (d) ,714, ,634,703 (9) ,833,801 1,371, ,462,571 (25)(10) 81,658, ,793 81,216, ,245,613

197 195 ( ) 财务报表 附注 (9) (i) ,311 15% 47, ,562 81% 26, ,867 70% 16,717 80,834 36% 28, , ,452 (ii) ,979, % 766,315 8,733, % 43, ,713, ,985 (10) (14) 3,760,684 35,842,387 (13) 5,138,182 (9) 13,777,697 (12) 1,271,691 22,676,563 37,114,078 1,399,553 21,277,010 37,114,078

198 196 ( ) 财务报表 附注 (11) ,326,964 12,163,312 5,907,503 8,227,227 4,142, ,917 1,142, , , , ,435 36,076,888 18,651, ,905 35,527,983 18,651, ,905 (12) ,972,809 2,721,679 1,529,091 10,223,579 4,601, ,565 14,689,350 1,271,691 13,417,659

199 197 ( ) 财务报表 附注 (12) (a) ,958,929 5,972,809 13,880 2,661,023 2,624,440 97,239 60,656 1,500,001 1,528, ,090 10,119,953 10,125,384 98, ,626

200 198 ( ) 财务报表 附注 (13) ,995,399 2,647,317 16,348,082 (10) 5,138,182 1,264,386 3,873,796 12,474, ,957, % ,039, % , % , % , % , % ,959,922 (i) (36) (ii) ,647,317

201 199 ( ) 财务报表 附注 (14) ,677,690 18,403,126 21,270,274 5,062,630 3,860, ,812 44, ,798 15, , ,069 18,876,876 76,784,952 3,221, ,447 15,655,381 76,423,505 (10) 28,023,698 3,429,389 4,869,860 2,901,462 16,000 27, ,295 3,870 58,853 3,701,831 35,842,387 11,953,550 40,581,118 (a) ,602,000 (b) (c) ,233, ,000 (38)(a)

202 200 ( ) 财务报表 附注 (15) (a) 19,602,108 11,159,474 (b) 15,672,205 9,847,902 (c) 163, ,428 35,437,741 21,170,804 5,000 5,000 35,432,741 21,165,804 (a) 注 (%) )1 919,730 2,273,000 3,192, ) 1,000, ,000 1,900, ) 144, ,000 (3,881) 500, , )2 773, , , ) 3 980,920 (80,132) 900, ,335,263 6,493,753 1,934, ,797 (1,577) 362,780 (34,228) 11,640,510 5,000 11,154,474 10,215,153 1,934,718 60, , ,780 (34,228) 19,597,108 5,000 1 ) 75.73% % 3 )80% 4

203 201 ( ) 财务报表 附注 (15) (b) 注 (%) ) 1,117,491 1,115,941 89,308 6, ,873 (20,556) 2,006, ) 998, ,559 (648) 38,644 1,326, ) 1 814, ,500 1,076, ) 297, , , ,620,337 4,330, ,251 71,906 (1,189) 16, ,689 (210) 10,519,231 9,847,902 5,038, ,251 1,555,406 87,471 22, ,206 (20,766) 15,672,205 1 ) %35% 10% 5% 42.86% 2

204 202 ( ) 财务报表 附注 (15) (c) 2005A ) ) )) 285,000, ,00013,630, % 0.1% 3.32% 39,710,00054,3401,899, ,290,000335,66011,730, % 0.1% 1.93% 175,167842, % % 0.27% 2.07% 6, , %2,915 )

205 203 ( ) 财务报表 附注 (16) ,191,796 4,600,264 5,792, ,220 4,619, ,576 (19,207) 5,792,

206 204 ( ) 财务报表 附注 (17) ,492,474 1,432, , ,111 1,044,577 7,366,277 ) ,227, ,394,828 1,697,029924,845772,184(3) ,235,702 (12) ,521, ,092, ,580, ,743,410 2,641, ,466,600 1,185, ,346,600 (12) 1,456,182 (15) , ,

207 205 ( ) 财务报表 附注 (18) ,044,198 5,506, ,326 12,229,895 5,847,615 4,322, ,751 9,912,838 1,171,811 1,183,049 37,803 2,317,057 24,772 24,772 1,224, ,345 49,268 1,579,504 1,062, ,803 47,511 1,335, ,854 83,542 1, ,639 5,819,771 5,101, ,058 10,650,391 4,785,042 4,002, ,240 8,576,973 1,009,957 1,099,507 36,046 2,073,418 24,772 24,772 30,377 15,551 2,711 43,217 22,945 12,722 2,122 33,545 7,432 2, ,672 5,789,394 5,086, ,347 10,607,174 4,762,097 3,989, ,118 8,543,428 1,002,525 1,096,678 35,457 2,063,746 24,772 24, , ,756 15,

208 206 ( ) 财务报表 附注 (18) , ,343 4,214,948510, , ,794 52,5681,448,369 5,376 5, , , , , ,897 42, , , , , ,365,401 1,380, ,383 26, ,398 32, ,777,164 2,987, ,959 1,022,052 (19) (a) 55,872,029 52,368,187 (b) 1,608 8,587 55,873,637 52,376,774

209 207 ( ) 财务报表 附注 (19) (a) ,881,281 44,030,843 12,319,745 7,687,462 3,256,857 4,196, ,372,792 3,527,860 6,539,035 1,036, , , ,608 12,948, ,373 5,336, , , , ,638 8,475,094 3,759 12,040 4,969 20,768 2,448,571 1,177,734 23, ,644 8, ,290 4,056, , ,523 53,374 80,414 2, ,569 90,260 24,305 9, , ,252 1,080,667 1,724, , , , ,690 3,860, ,956 1,424, , , , ,968 2,640, , ,343 3,128 16,027 1,599 20, , ,607 11,367 18,029 2,156 6, , ,328,474 48,845,820 12,855,414 8,297,557 3,526,700 4,607, ,461, ,525,033 24,664,956 9,097,118 3,461,975 2,276,096 2,808,955 48,834,133 1,144,145 4,211,279 1,019, , , ,596 7,926,426 1,099,073 4,211,279 1,019, , , ,039 7,850,461 24,925 24,925 20,147 27,650 1,686 1,557 51, ,963 1,250, , , , ,864 2,327,453 65,020 1,058, , , , ,746 2,034,236 28,157 28,157 3,218 11,345 14,563 42, ,908 5,233 8,451 2,001 3, , ,533,215 27,625,397 9,661,667 4,041,535 2,471,605 3,099,687 54,433,106

210 208 ( ) 财务报表 附注 (19) (a) , ,726 4,245 15,500 2,162 3, ,472 8,421 1, , ,871 14,120 8,421 1, , ,871 14, , ,450 3,788 14,417 2, , ,779,556 21,100,973 3,189,959 4,241,605 1,052,945 1,506,991 55,872, ,332,124 19,245,161 3,218,382 4,209, ,599 1,383,934 52,368, ,214 12, ,026 12,871 6, ,959 (27)(b) 20187,850, ,206,728 6,723,51940, ,709122, ,248,324 37, ,696129, ,056, ,191,912

211 209 ( ) 财务报表 附注 (19) (a) (i) (ii) , , ,286 1,262 1, , , , , , ,044 1,262 1, , , ,044 (iii) , ,129 13,519 14, , ,948 (iv) ,912, ,455,561

212 210 ( ) 财务报表 附注 (19) (b) ,440 1,608 2,147 1,608 8,587 (20) (a) 8,353,025 6,944,635 81,672 58,360 8,434,697 7,002,995 (a) ,966,165 2,966,165 1,232,057 1,232, , , , , , , , , , , , , , , , ,948 14,412 14, , , , , , ,881 98,852 98, , , , , ,304 2,963,926 12,665 2,951,261 4,193,801 36,246 4,157,555 8,871, ,484 8,353,025 7,092, ,246 6,944,635

213 211 ( ) 财务报表 附注 (20) (a) (i) ,730,000 1,232,057 1,734,108 2,966,165 80% 80% 3,500, , , ,445 17% 17% 18,267 6, % 645, , , ,594 79% 79% 68,260 20, % , ,202 83, ,889 92% 92% 985, , ,592 31% 31% 804,381 14, , ,948 33% 33% 230, ,139 13, ,250 92% 92% 69,569 9, % 410,000 98, ,900 46, ,881 53% 53% 800, , ,819 63% 63% 59,451 4,193,801 3,156,802 4,009, ,957 2,963, ,172 8,633 7,092,881 6,212,661 4,056, ,442 8,871, ,719 45, , ,071 29, ,484 6,944,635 5,812,590 4,056, ,609 8,353, % %)

214 212 ( ) 财务报表 附注 (21) ,085,420 13,669 94, ,142 5,271,723 39,836, ,779 59,142, , ,809 18,530 11,241,904 6,374 12,118, , ,369 9,178 3,467,513 6,374 4,289, ,774,391 7,774, ,352 9,667 29,993 29,993 13,978 13, , ,894 36, ,598 4,846 1,090, ,236 5, ,598 3, , , ,247 3, ,305 1,441 41, ,909,863 14,431 94, ,057 5,253,948 50,913, ,307 70,170, ,975,121 8,629 80, , ,067 4,806, ,139 7,882, , ,303 69, , ,582 2,313 1,604, , ,303 69, , ,582 2,313 1,596, ,057 6,060 1,811 1,811 34, ,618 2,499 1,441 44,058 27,431 5,448 2,499 35,378 5,750 5,750 1, ,441 2, ,285,487 9,455 83, , ,230 5,736, ,011 9,443, , , , , ,624,376 4,976 11, ,337 3,872,709 45,176, ,296 60,233, ,110,299 5,040 14, ,001 4,141,647 35,029, ,640 50,766,021

215 213 ( ) 财务报表 附注 (21) 20181,596, ,469, ,368,37715,953, ,316,91720,586,130 (38)(a) , , , , , ,069 94,745 94,745 76,776 76,776 70,397 70,397 63,603 63,603 13,044,589 13,014,596 29,993 13,466,179 13,436,186 29, ,466, ,020,107 13,436, ,017,475 29, , % %)

216 214 ( ) 财务报表 附注 (22) ,776 65,776 20,671 70,038 20,671 70,038 7,051 7,051 50,759 50,759 95,117 95,117 83,536 83,536 11,567 11,567 47,928 47,928 53,861 53,861 25,781 25,781 27,372 27,372 26,432 26,432 87,640 87,640 18,520 18,520 29,363 29, , ,218 23,456 23, ,048 70,038 20, ,415 20,671 20,671 1,190 1,190 22,336 22,336 5,344 5,344 1,840 1,840 51,381 20,671 30, ,667 70, , ,038 20,671

217 215 ( ) 财务报表 附注 (22) (i) 530, ,875 (i) 125,889 55,851 (i) 26,319 26,319 (i) 6,694 6,694 (ii) 208, , , ,667 (i) 5 511% (ii) 5 ( ) 5 ( )15% (23) ,236 2,299 19, , ,918 76,844 54,153 2, ,772 32,433 48,510 29,408 4,512 47, , , ,959 36, , , , ,009 44,103 1,091,985

218 216 ( ) 财务报表 附注 (24) (a) ,225,536 2,757,017 7,991,574 1,838,674 7,482,601 1,779,873 5,074,561 1,172,206 4,221, ,594 2,792, ,831 3,018, , , , , , ,069 90,094 7,931,034 1,710,272 54,874 10,446 37,591 8,761 1,396, ,067 2,146, ,642 1,639, ,306 30,582,056 7,070,286 26,226,534 5,915,349 (b) ,318, ,826 1,640, ,771 2,219, ,348 1,903, , , , , , ,109 88, ,285 91, ,915 52, ,882 43, ,006 48,686 24,013 3,602 6,025,109 1,366,599 4,760,026 1,190,035 (c) ,868,935 15,396,212 11,053,088 10,117,920 31,922,023 25,514,132

219 217 ( ) 财务报表 附注 (24) (d) , ,865 1,374, ,260,756 1,419, ,984,427 3,621, ,063,376 3,063, ,030,664 11,053,088 10,117,920 (e) ,892 6,866, ,345 5,731, ,892 1,162, ,345 1,005,690 (25) (9) 67,881,054 2,186,500 1,047,460 1,030, , , , ,736 1,073, , , , ,338 1,494, ,204 74,361,182 4,065, ,230 25,750 73,969,952 4,040, ,914, ,233,721 3,247, ,000 (38)(a)

220 218 ( ) 财务报表 附注 (26) / ,782,537 (258,853) 4,523,684 1,943,707 59,844 1,385,369 20,296 (1,368) 229,340 4,893,598 2,130,668 (1,353,052) 777,616 1,301,220 40,224 52,845 7,043 (847) 129,059 1,930,960 2,651,869 1,094,199 3,746, ,487 19,620 1,332,524 13,253 (521) 100,281 2,962,638 5,814,859 6,124,816 11,939,675 5,618, , ,886 88, ,203,296 13,923,498 1,401,265 1,401,265 40, , , , , ,170 1,636, , ,647, , , , , , ,447 (336,290) 25,157 61,060 3,151,407 16,129 3,221, ,565 (135,565) 25, , ,886 83, ,544 11,120,158 8,156,254 19,276,412 9,962,558 3,901,129 2,478, ,265 (1,280) 3,921,833 26,631, ,596 (335,946) 467, ,873 15, , ,386 7,432,531 (7,428,835) 3,696 66,773 2,403 21,700 46,366 5,000 5,000 5,000 30,377 30,377 15,551 2,711 43, , ,472 14, , , , ,071 29, , , , ,009 51,381 51,381 20,671 30,710 9,135,612 (7,764,781) 1,370, ,268 17, ,572 89,035 1,816,524

221 219 ( ) 财务报表 附注 (27) ,338,931 53,620,675 (a) 310, ,000 (b) 6,759 8,959 72,655,690 54,469,634 (a) , ,000 (b) , ,959 6,214 12, ,026 12,871 (19)(a) (c) % 12.50% % 6.15%) (28) , , , , , ,924 (29) ,580 (30) (a) 58,548,739 47,980,530 (b) 285,252, ,057, ,800, ,038,419

222 220 ( ) 财务报表 附注 (30) (a) ,384,381 42,445,767 10,164,358 5,534,763 58,548,739 47,980, (b) ,612, ,131,212 71,932,727 74,836,059 54,262,799 61,056,686 18,583,770 15,044,629 1,359, , , ,463 9,840,851 8,323, ,252, ,057, ,435, ,819,562

223 221 ( ) 财务报表 附注 (31) ,813,462 23,212,859 14,963,427 3,987,386 3,428,376 2,906, , ,956 87,127 3,135, ,735 84,571, , ,042,143 (a) ,377,927 86% 4,216,523 13% 195,586 1% 23,426 32,813, %

224 222 ( ) 财务报表 附注 (31) (b) (%) C 2,187, # 1,837, ,772, , ,035, , E 314, , , A1 A2 318, , , , , F 1,291, , , , ,297, , , , , , , , , , , , , , , , , , , , , , , ,080,947 32,813,462

225 223 ( ) 财务报表 附注 (32) ,674,903 28,829,140 17,787,852 3,642,102 3,395,050 1,924,093 2,746,106 91,999,246 (a) ,187,880 93% 2,406,398 7% 31,115 49,510 33,674, %

226 224 ( ) 财务报表 附注 (32) (b) (%) 2,225, E 2,002, C 3,228, ,598, ,185, A1 A2 1,158, ,113, , , , , , , , , , F 643, , , # 607, , , , , , , , , , , , # 263, , , , , , , , , , ,587,019 33,674,903

227 225 ( ) 财务报表 附注 (33) (a) 3,364,670 2,702,843 (b) 244, , ,608,830 3,016,970 (a) ,838,600 39,969,286 39,520,224 2,287, ,436,166 2,435,285 1, ,695 3,121,652 3,107, , ,748 2,685,422 2,672, ,712 13, , ,882 14,464 3, , ,840 3, ,411 3,396,038 3,390, , ,432 1,043,668 1,042, , ,059 6,757,526 6,566, ,844 2,702,843 56,724,336 56,062,509 3,364,670 (b) ,547 5,742,750 5,800, ,550 20, , ,264 17,262 40,171 1,078,086 1,086,006 32, ,701 7,019,379 7,089, ,063

228 226 ( ) 财务报表 附注 (34) ,585,826 3,940,366 2,676,717 2,132,011 2,495,548 1,632,963 90,835 65,409 65,943 50, , ,489 9,838,365 8,562,191 (35) ,254,644 15,918,960 15,924,389 13,341,625 2,497,005 1,250,295 1,021, , , , , , , , ,553 24,093 18,404,460 17,455,947 57,334,822 50,399,083 (a) ,609, ,164,302 (36) (38) 21,229,590 22,212,903 (39) 2,049,743 4,656,630 (40) 1,856,867 4,371,573 (43) 369, ,892 (41) 18,017 25,523,637 31,635,998

229 227 ( ) 财务报表 附注 (37) (a) 16,331,635 14,160,890 (b) 89,235 36,665 2,000, , ,587 16,522,113 16,338,142 (a) (b) (38) ,962,768 36,994,133 (a) 19,722,348 21,694,330 (b) 11,750,057 8,599,942 (c) 9,825,800 7,947,035 77,260,973 75,235,440 (36) 12,168,136 14,468,419 2,002,816 1,337,850 3,640,528 3,537,032 3,418,110 2,869,602 21,229,590 22,212,903 56,031,383 53,022,537 (a) ,513 15,953,135 3,247, ,809 24,368,377 9,914,442 (5) (21)(25) ,200 20,586, , ,092 29,316,917 3,233,721 (5) (21) (14) (b) ,750, ,599,942 25,032,362 (8) ,315,158 (c) ,825, ,947,035 (d) % 8.00% % 8.00%)

230 228 ( ) 财务报表 附注 (39) ,992,947 3,312 4,996, ,654,672 1,294 4,655, ,487,429 1,387 3,488, ,258, ,695 3,424, ,245, ,191 3,413, ,240, ,057 3,406, ,495,187 1,673 2,496, ,112, ,112, ,046,579 3,164 2,049, ,997,975 2,025 2,000, ,659, ,660, ,000,000 1,000, ,923 1,077 1,000,000 35,189, ,006 5,660,000 30,044,678 (36) ,049, ,659, ,997, ,923 4,656,630 2,049,743 30,533,042 27,994, ,000, /01/ ,971, ,659, /03/ ,652, ,500, /10/ ,479, /02/ ,127, /07/25 5 3,267, /07/ ,436, ,500, /10/ ,485, ,120, /01/ ,110, ,050, /01/28 5 2,040, ,000, /06/19 5 1,980, ,660, /10/17 7 1,659, ,000, /07/ , ,000, /05/ ,000 35,201,939

231 229 ( ) 财务报表 附注 (39) % % 3.4% ) % ) % % % (40) ,781,739 6,349,293 4,781,193 1,895, , , , ,023 90,701 97, , ,611 9,543,565 9,817,126 (36) 1,603,676 3,936,375 11, ,706 1, ,353 86,342 1,856,867 4,371,573 7,686,698 5,445,553

232 230 ( ) 财务报表 附注 (41) (a) 527, ,678 (b) 393,684 (c) 70,679 69,529 (d) 27, ,942 1,019, ,149 (36) 18,017 1,001, ,149 (a) (b) (c) (d) (42) (a) 608, ,570 94, , ,826 16, , ,217 1,089, , , ,316

233 231 ( ) 财务报表 附注 (42) (a) / 152,384 20, ,372 70, ,080 61,239 1,661 59,578 62,172 5,378 56,794 54,480 1,159 53, , ,570 8,755 56, ,954 / 608, ,570 32,539 61, ,099 (43) ,398,557 3,556,349 (36) 369, ,892 3,029,137 3,161,457 (a) 务 ,556,349 3,919, , ,110 / 168,716 (8,591) (460,208) (465,974) 3,398,557 3,556,349

234 232 ( ) 财务报表 附注 (43) (a) 务 ) (i) 2007 (ii) 2007 (iii) (b) % 4.00% 4.50% 4.50% 8.00% 8.00%

235 233 ( ) 财务报表 附注 (44) , ,071 7,422 3,498 53,001 25, , ,465 (45) , % (308,880) 18,328, % 308,880 18,636, % 4,207, % 4,207, % 22,844, % 22,844, % A A ,880, ,880, , % 308, % 18,328, % 18,328, % 4,207, % 4,207, % 22,844, % 22,844, %

236 234 ( ) 财务报表 附注 (46) (a) (i) 3,000 2,982,000 3,000 2,982, (ii) 4,000 3,976,000 4,000 3,976, (iii) 3,000 2,982,000 3,000 2,982, (iv) 2,000,000 2,000, (v) 3,000 2,998,995 3,000 2,998, (vi) 3,000 2,998,950 3,000 2,998, (vii) 3,000 2,999,340 3,000 2,999, (viii) 3,000 2,996,802 3,000 2,996, (ix) 3,000 2,997,300 3,000 2,997, (x) 3,000 3,000,000 3,000 3,000, (xi) 2,000 1,999,560 2,000 1,999,560 11,940,000 19,990,947 31,930,947 (b) (i) ) %5 5

237 235 ( ) 财务报表 附注 (46) (b) (ii) ) %5 5 (iii) ) %5 5 (iv) ) %5 5

238 236 ( ) 财务报表 附注 (46) (b) (v) ) % 4.99% (vi) ) % 4.90% (vii) ) % 4.80%

239 237 ( ) 财务报表 附注 (46) (b) (viii) ) % 4.80% (ix) ) % 4.80% (x) ) % 4.80%

240 238 ( ) 财务报表 附注 (46) (b) (xi) ) % 4.78% (c) , ,805 (47) (i) 40,910,298 1,855,610 42,765,908 (ii) 3,147, , ,193 3,604,721 44,057,921 2,546, ,193 46,370, ,907,615 2,683 40,910, ,346 2,758, ,094 3,147,623 41,410,961 2,761, ,094 44,057,921

241 239 ( ) 财务报表 附注 (47) (a) 2018 (i) ) 100% 74.68% 70.62% 73.02% 76.19% 11,596, ,855,6109,740,990 (ii) , ,430,969 A 2.01%228, , ,158,008, %

242 240 ( ) 财务报表 附注 (48) 表 2018 表 (18,617) (18,617) (124,646) (143,263) (168,716) (39,131) (124,646) (4,939) 996, ,063 (701,357) 294,706 (1,005,274) 15,405 (234,275) (701,357) (85,047) (58,114) (58,114) 87,471 29,357 87,471 87, ,110 (167,110) (389,752) (389,752) (139,839) (529,591) (90,926) (139,839) 48, (1,594) (1,083) (1,594) (1,594) 26,884 26,884 26,884 (271,978) 828, ,975 (879,965) (322,990) (1,179,039) 15,405 (273,406) (879,965) (41,073)

243 241 ( ) 财务报表 附注 (48) (21,528) 2,911 (18,617) 8,591 8,255 2,911 (2,575) (11,285) (46,829) (58,114) (46,829) (46,829) 475,952 (308,842) 167,110 (492,402) 3,169 (124,847) (308,842) (61,882) (76,767) (312,985) (389,752) (363,238) (312,985) (50,253) 5,436 (4,925) 511 (4,925) (4,925) 26,884 26, ,692 (670,670) (271,978) (898,803) 3,169 (116,592) (670,670) (114,710)

244 242 ( ) 财务报表 附注 (49) ,041,714 12,041, ,766,069 11,766,069 (50) ,216,579 7,404 7,223,983 1,111,949 8,335,932 41,931 41,931 41,931 7,258,510 7,404 7,265,914 1,111,949 8,377, ,314,222 1,902,357 7,216,579 41,931 41,931 5,356,153 1,902,357 7,258,510 10% 50% %1,111, ,902,357

245 243 ( ) 财务报表 附注 (51) ,281,062 56,683,552 (a) 221,449 67,502,511 56,683,552 17,198,138 16,066,833 (50) 1,111,949 1,902,357 (b) 119, ,005 (c) 129, ,638 (d) 2,581,406 2,010,299 (46)(c) 708, ,805 / (12,295) 199,219 80,062,480 67,281,062 (a) , , ,4494,654 (b) 49 10%( %) 20%

246 244 ( ) 财务报表 附注 (51) (c) % % % 1% %

247 245 ( ) 财务报表 附 (51) (d) ,844,301, ,581, , ,500 (52) (a) ,344, ,831, ,351, ,164,496 5,369,153 3,849,764 4,593,217 3,093, ,713, ,681, ,944, ,258,020 (b) 务 务 务 务 624,211, ,871, ,580, ,449, ,583, ,435, ,557, ,187,079 97,511,805 90,099,424 81,256,228 75,491, ,116, ,336, ,767, ,770,390 43,324,215 32,652,111 30,351,671 22,919,289 14,609,594 10,513,430 12,970,541 9,100,815 14,999,942 11,427,212 13,626,057 10,690,447 35,199,635 28,367,082 31,822,791 26,004, ,344, ,831, ,351, ,164,496

248 246 ( ) 财务报表 附注 (52) (c) 务 务 务 务 1,632,649 1,501,549 1,753,583 1,281,002 1,078, , , , , , , , , , , ,264 2,056,603 1,379,788 1,492,706 1,133,694 5,369,153 3,849,764 4,593,217 3,093,524 (d) 务 13,792,501 43,324,215 35,199,635 92,316, ,211,312 14,609,594 1,207, ,028,347 5,369,153 5,369, ,211,312 14,609,594 14,999,942 43,324,215 40,568, ,713,851

249 247 ( ) 财务报表 附注 (52) (e) ,300,395 13,527, % 9,454,285 8,359,037 1,095,248 10,183,948 8,547,904 3,985,813 3,267, ,760,526 8,472, % 4,362,869 3,435, ,673 4,491,196 4,134,110 3,158,287 2,509, ,279,512 9,265, % 4,552,993 4,104, ,987 4,474,991 3,384,608 3,138,509 2,811, ,343,712 8,637, % 3,970,404 3,315, ,901 3,964,888 3,809,936 2,923,098 2,428, ,354,140 8,682, % 5,023,537 4,662, ,963 4,539,418 3,806,818 2,915,892 2,723, ,414,208 8,733, % 5,492,091 5,095, ,916 5,486,613 5,194,171 2,271,802 2,228, ,332,103 3,808, % 3,520,160 3,094, ,568 3,746,822 3,215,080 2,086,201 1,809, ,619,371 3,877, % 3,192,422 2,679, ,811 3,910,026 2,776,700 2,085,551 1,736, ,415,737 5,921, % 5,305,122 4,896, ,299 5,114,494 4,450,952 2,013,525 1,893, ,643,795 6,883, % 6,563,167 5,910, ,772 6,607,609 5,946,848 1,965,064 1,953,356 (53) 附 % 5% 898, ,810 1% 5% 7% 721, , % 0.1% 5 419, , , ,156 3% 162, ,125 3,311,297 2,088,411 5,739,929 4,643,313

250 248 ( ) 财务报表 附注 (54) ,273,816 1,007, , , , , , ,518 40,679 37, , ,527 3,537,258 2,853,840 (55) ,601,878 12,058,444 1,569,495 1,466,385 1,334,312 1,133,439 4,158,529 4,212,938 20,664,214 18,871,206 (56) ,069 94,745 76,776 4,808 70,397 63,603 13,014,596 11,097,758 13,436,186 11,102,566

251 249 ( ) 财务报表 附注 (57) ,322, ,950, ,541, ,639,386 32,652,111 22,919,289 30,997,746 30,004,082 12,055,486 11,766,069 10,064,287 9,066,854 (58) 财务 ,437,177 7,381,304 3,092,852 3,262,526 5,344,325 4,118,778 1,540, , , , ,073 1,618,367 10,646 32, , ,724 6,953,242 3,964, ,092,8522,963,21545,35384, ,262,5263,173,19089,336

252 250 ( ) 财务报表 附注 (59) ,071 9, ,308 20,142 64,370 15, ,158 12,232 4,301 8,914,695 1, ,300 9,244,586 (60) ,162,727 1,636, , ,862 83,658 44,931 (363,163) 7,484,071 (61) / 235,066 64, , ,106 41, ,726 78,827 58,845 2,355 7, , , ,291

253 251 ( ) 财务报表 附注 (62) ,616,190 1,532, , ,848 98, , , ,845 49,308 4,546 54, ,197 / (520,151) 4, , ,218 4,734,030 2,039,900 (63) ,766 2,790 (745,682) 39,207 16, (59) (254,703) 907,495 (14,955) 24,947 (41,053) 48,106 9,766 48,991

254 252 ( ) 财务报表 附注 (64) ,083 38,856 96,083 72,770 40,048 72,770 18,464 34,975 18, , , ,317 (65) , , ,320 70,232 46,908 70,232 45,323 30,809 45,323 43,949 39,506 43,949 32, ,876 32, , , , , , , / 20,012 95,031 3,772 44,794 / 44,733 30,449 8,755 46,869 / 32, ,876 (66) , , ,188 70,171 52,961 70, , , , , , ,448

255 253 ( ) 财务报表 附注 (67) ,467,193 5,595,744 (1,192,383) (255,726) 5,274,810 5,340, ,711,088 19,543,559 (25%) 5,677,772 4,885,890 (996,315) (691,903) (685,856) (511,626) 131,294 (240,858) (540,569) (481,502) 194, ,401 (395,352) (486,805) 1,971,660 2,617,247 (81,875) 49,174 5,274,810 5,340,018 (68) ,198,138 16,066, , ,805 16,409,313 15,280,028 22,844,302 22,844,

256 254 ( ) 财务报表 附注 (69) 表 注 (a) ,436,062 2,261, , , ,628 3,878,250 4,281,657 7,919,408 6,853,533 (b) ,436,186 12,017,475 2,767,938 2,565,209 2,209,467 2,090,700 14,484,960 16,873,846 32,898,551 33,547,230 (c) ,329, ,280 (d) ,520, ,525 (e) , , , , ,194

257 255 ( ) 财务报表 附注 (70) 表 (a) 表 ,436,278 14,203, ,300 9,244,586 7,484,071 7,850,461 7,206,728 1,596,379 1,469, , , , ,847 (187,317) (113,879) 7,158,969 3,427,451 (9,766) (48,991) (4,413,523) (1,613,549) (61,765) (21,244) (1,151,367) (356,365) / (41,016) 100,639 (22,183,119) (13,998,480) 4,919,002 5,524,720 (26,291,862) (52,829,560) 12,996,805 66,159,136 11,961,697 33,220, ,332,115 6,281, ,627 60,174 3,438,742 6,341,410

258 256 ( ) 财务报表 附注 (70) 表 (a) 表 ,767, ,688, ,688, ,830,435 1,079,345 1,857,862 (b) ,476, ,392, , , ,603, ,622,747 11,691,502 9,471,919 16,708,735 13,704, ,767, ,688,297

259 257 ( ) 财务报表 附注 (70) 表 (c) ,901,620 ) 4,290,000 ) 954,560 ) 799,041 ) 506,265 ) 70,000 1,144, , ,816 67,067 28,048 63,858 6,757, ,005,382 16,561,440 20,327,266 4,731,839 14,507,717

260 258 ( ) 财务报表 附注 (71) 16,708, ,809 25,032,362 9,914,442 6,214 24,368,377 (5) (8) (19) (21) (25) (1) (72) (a) ,833, ,584, , ,823 9, ,480 2,408,710 15,169, , ,509,636 3,097, , , ,541 1,136,338 2,710, , ,073,723 68,650 2,142,373

261 259 ( ) 财务报表 附注 (72) (a) ,040, ,788, , ,564 97, ,133 65, , , , , ,390,251 3, ,958 39, ,535 2,807, ,689 1,501,495 2,983, , ,326, , ,148 2,507, ,094 27, ,747 1,247,103 4,728,493

262 260 ( ) 财务报表 附注 (72) (a) , ,154 1, ,500 96,654 25, ,390 5, ,084 1, ,652 1,492, ,244,122 (b) MKM

263 261 ( ) (1)(a) (1) (a) % 1,430, % 4,290, (47) 31,717 6, % 196, , , , % % 30, , % 70, (3,776) (56,456)

264 262 ( ) (1) (a) % 20, % 200, % 3, % 197, , % 799, (2,509) (23,683) 242,530 15, ,967 78,740

265 263 ( ) (1) (b) 4,290,000 25% 1,430,000 5,720,000 5,720, ,560 49% 341,990 1,296,550 1,296,550 70,000 20% 50, , ,000

266 264 ( ) (1) (b) 506,265 20% 20, , , , % 399,461 1,198,502 1,198,502

267 265 ( ) (1) (c) (i) , ,151 45,613 15,241 15,241 2,427 2,427 3,302 7,158,703 7,159,311 29,959 29, ,265, ,000 2,614 2, , ,093 7,273 1,325,752 1,325,752 37,617 5,841,802 5,842,410 5,724, , ,802 5,720,000 5,720,608 5,724,076

268 266 ( ) (1) (c) (ii) , ,816 22, , , , , ,404 65,483 1,114 1,114 1,545 5,000 5,000 3,911,130 3,911, ,290, , , , , ,204 2,212 2,212 3, , , ,143 1,130,000 1,130, , ,667 3,552,470 3,552,470 1,790,970 2,255,920 2,255,920 1,448,980 1,296,550 1,296, ,990

269 267 ( ) (1) (c) (iii) ,858 63, , , , ,000 2,035,442 2,035,442 1,454, , , , , , , , , , , , , , , , , , , , ,000 50, (iv) ,048 28, ,531 22,599 22,599 3,500 1,827,921 1,827,921 1,365, , , , , , , , , , , , , , , , , ,265 20,

270 268 ( ) (1) (c) (v) ,067 67, ,928 3,907,042 3,220,272 3,650,010 19,397 19,397 47, , , ,273 1,799,822 1,799,822 2,377, , , , , , , ,198, , ,173

271 269 ( ) (1) (a) 1 (%)

272 270 ( ) (1) (a) (%)

273 271 ( ) (1) (a) (%) / ,430,969 A % 5

274 272 ( ) (1) (a) ,384, ,983,545 4,368, ,450,217 (b) % 715, ,073 7,527,744

275 273 ( ) (1) (b) ,731,030 9,156,508 33,887,538 17,211, ,513 17,839,330 23,996,864 7,639,446 31,636,310 16,225, ,078 16,846, ,897,864 1,480,781 1,338, ,334 15,885,586 1,339,386 1,214, ,658

276 274 ( ) (2) (a) 75.73% 50.00% 50.00% 41.72% 30.00% 50.00%

277 275 ( ) (2) (b) 财务 / / 197,759 1,080, , , , ,221 3,014 1,078, , , , ,980 10,680,906 17,196,232 7,273,084 5,789,391 8,431,863 4,553,455 10,878,665 18,276,421 8,080,490 6,336,591 9,198,265 5,536,676 2,393,665 1,603, ,007 2,032, ,864 3,947,400 3,968,000 12,873,401 5,119,505 2,210,000 7,064, ,536 6,361,665 14,476,421 5,988,512 4,242,590 7,198,265 4,056,936 4,517,000 3,800,000 2,091,978 2,094,001 2,000,000 1,479,740 (i) 3,420,724 1,900,000 1,045,989 1,585,787 1,000, ,870 (227,994) (49,909) (666,057) (594,909) 3,192,730 1,900, , ,730 1,000, ,961 (7,762) (260) (7,762) (260) (i)

278 276 ( ) (2) (c) 财务 / / 4,269,990 10,242,472 6,373,228 3,582,342 7,276,846 4,511,201 16,643,242 1,457, ,808,226 1,067, ,913,232 11,700,253 6,373,258 19,390,568 8,344,392 4,511,262 1,092,030 7,017, ,518 1,225,883 4,678, ,272 14,791,100 52,303 3,983,990 15,299,912 36,256 2,683,990 15,883,130 7,069,671 4,209,508 16,525,795 4,714,420 2,881,262 4,408 3,493 5,030,102 4,626,174 2,163,750 2,864,773 3,626,479 1,630,000 (i) 2,098,559 1,387,852 1,081,875 1,195,183 1,088, ,000 (90,918) (109,964) (1,258) (60,925) (5,127) 32,272 (90,332) (752) 2,006,383 1,326,927 1,076,748 1,117, , ,248 5,437,713 14,165,293 4,937,604 8,042, ,808 (79,561) 585,320 (29,525) 173, ,564 2,674,834 1,225,195 2,127, , ,064 (2,160) (119,882) 61 2,888,898 1,223,035 2,007, , ,873 38,644 83, ,264 (i)

279 277 ( ) (2) (d) / / ,508,298 9,089,783 (i) 64, ,400 64, ,400 11,262,147 6,917,503 (i) 71, ,976 (1,189) 70, ,976 (i) (e) (f) (g) 务 财务 附注 (2) (3) / (%) 30

280 278 ( ) 财务报表 (17) 报 (1) 报 5

281 279 ( ) 报 (2) 报 财务 务 ,211,312 14,609,594 14,999,942 43,324,215 37,922, ,067,132 19,670, ,311 5,689,448 27,363 28,060,358 (53,869,860) 2,876,154 63,360 97, ,032 1,692,471 5,369, , ,224 (265,002) 646,914,624 15,095,265 20,786,526 43,991,610 67,783,122 (54,134,862) 740,436,285 17,112,007 1,536,348 1,531,646 4,602, ,117 (2,826,774) 22,711,088 / 78,050 11,108 75,042 (154,406) 50,990 60, ,951 5, ,171 5,083 1,070,279 1,555,406 (2,157,905) (120,743) (33,512) (1,788,865) (3,823,019) 2,579,719 (5,344,325) 229,301 70,768 82, , ,357 (275,190) 860,073 (5,274,810) (5,274,810) 17,112,007 1,536,348 1,531,646 4,602, ,117 (5,274,810) (2,826,774) 17,436, ,018,905 15,887,752 39,697, ,860, ,720,469 (256,065,283) 934,120,174 13,633,575 55, , ,405 5,369,070 19,597,108 11,898, , , ,092 2,588,692 15,672, ,555,927 8,555, ,018,905 15,887,752 39,697, ,860, ,720,469 8,555,927 (256,065,283) 942,676, ,931,957 8,524,140 21,684, ,153, ,478,267 (244,988,904) 715,783, ,748,533 4,748, ,931,957 8,524,140 21,684, ,153, ,478,267 4,748,533 (244,988,904) 720,532,073

282 280 ( ) 报 (2) 报 财务 务 ,273, , , ,020 2,701,107 (370,739) 10,064,287 20,815 1, , , , ,300 2,589,847 71,037 82, ,551 4,345,448 (56,237) 7,484,071 9,402, ,379 1,487,035 2,736,333 13,265,610 (324,839) 26,848,534 2,297,392 31, ,507 2,442, ,880 (1,458) 6,212,661 6,950, , ,377 80,793 1,257,987 (322,212) 8,495, ,178 19, , ,420 11,352,178 (1,169) 12,064,526 2,221 13,175 3,524 56,565 75,485

283 281 ( ) 报 (2) 报 财务 ,580,583 12,970,541 13,626,057 30,351,671 35,244, ,773,290 11,702, ,824 4,605, ,976 16,697,126 (33,812,105) 2,654, , , ,769 1,068,359 4,593, ,954 65,014 (223,968) 611,096,279 13,760,496 18,520,452 30,950,416 53,074,937 (34,036,073) 693,366,507 19,513,402 1,563,983 1,532,821 3,254,988 (3,767,953) (2,553,682) 19,543,559 / 90,797 3,340 73,251 (8,502) 65, , , ,971 4, ,401 1,308,191 (2,500,725) (57,563) (115,448) (978,021) (3,278,796) 2,811,775 (4,118,778) 2,522,575 53,771 29, , ,464 (2,067,591) 1,618,367 (5,340,018) (5,340,018) 19,513,402 1,563,983 1,532,821 3,254,988 (3,767,953) (5,340,018) (2,553,682) 14,203, ,141,100 23,391,574 32,818, ,534, ,616,622 (424,263,511) 837,238,780 7,966,426 42, , ,084 2,520,976 11,154,474 7,554, , , ,687 1,548,101 9,847, ,844,749 6,844, ,141,100 23,391,574 32,818, ,534, ,616,622 6,844,749 (424,263,511) 844,083, ,010,835 14,173,486 21,027, ,557, ,230,179 (393,581,311) 669,417, ,946,056 4,946, ,010,835 14,173,486 21,027, ,557, ,230,179 4,946,056 (393,581,311) 674,363,914

284 282 ( ) 报 (2) 报 财务 ,716, , , ,259 2,500,053 (592,260) 9,066, ,625 32, ,714 69,800 8,193,957 9,244,586 10,559, , , ,836 3,515,678 (458,993) 15,512,400 2,720,303 23, , ,080 1,815,346 (127,123) 5,890,347 7,379, ,532 76,239 14,255 1,444,120 (331,870) 8,742, ,186 30, ,591 2, , ,987 10,855 2,400 13, ,866, ,731,004 1,689, ,113, ,162, ,005,690 3,585, ,940, ,575, ,685,932 / 42,860,982 41,680, ,436, ,366, ,214, ,502,166 / 10,832,674 8,817, ,047, ,319, ,860, ,345, % %) 10%

285 283 ( ) (1) (a) 注 务 注 12,100,000 (b) 注 ,100,000 12,100,000 (c) 表 表 50.70% 50.70% 54.39% 54.39% (2) (1)

286 284 ( ) (3) (15) D2

287 285 ( ) (3)

288 286 ( ) (3) Montag Prop Proprietary Limited

289 287 ( ) (4) (5) (a) (b) 务 / 5,299,886 3,191,282 / 1,401,611 1,350,876 / 181, ,196 / 160,157 28,295 / 106,270 / 37,013 37,750 / 25,000 / 105,771 / 35,565 / 10,053 / 15,518 17,766 7,226,697 5,053,554

290 288 ( ) (5) (b) 务 ,650,171 6,987,756 3,985,813 3,178,739 2,253,017 1,565,271 1,707,106 1,696,749 1,651, ,706 1,641,496 1,517, ,358 1,386, ,692 1,320,855 1,230,664 1,247, ,224 1,231, ,110 1,050, ,120 1,001, , ,439 3,198, , , , , ,914 2,376, , , , , , , , , , , , , , , , , , , , ,020

291 289 ( ) (5) (b) 务 , , , , , , , , , , ,911 92, , , ,736 76,381 41, ,137 26,577 20, ,693 D2 19, ,812 3, ,585 1,684,521 1,344,997 1,234, , , , , , , , , , ,658 47,623 42,555 / 551, ,844 / 381, ,936 / 178,842 / 174,794 68,849 / 116,776 32,085

292 290 ( ) (5) (b) 务 / 74,529 47,885 / 44,992 / 40,161 / 20,891 24,985 / 331,115 / 61,888 78,851 43,991,336 34,074,744 (c) , ,100 3,316 3,952 5,372 6, ,025 27,961 1, ,930 28,056

293 291 ( ) (5) (d) 1,991, Montag Prop Proprietary Limited 71, ,063,020 5,000, ,500, ,500, ,000, ,981, ,975,563 (39) (e) 20, , ,369

294 292 ( ) (5) (e) 2,025, ,950, ,175, ,071, , , , , , , , , , ,275,481 (f) ,883 8,099

295 293 ( ) (5) (g) , ,307 87,255 44,550 36,421 23,407 39,545 39,238 14,318 5,000 3,919 67,006 27,000 40,765 4,380 2, ,940 4, / / 20,561 68, , ,355

296 294 ( ) (6) (a) ,119,225 8, ,184 1,712,626 85,631 1,659,659 1,600,172 6, ,275 2,645 1,349, ,488 1,887 1,005, , ,361 1, ,662 1, , , ,726 1, , , , ,846 1, ,287 54, D2 43, , , ,978 4, , , , , , , , , , ,172 56, ,025 49,238 55, ,451,278 1,899 8,459, ,094 11,204,949 7,904

297 295 ( ) (6) (b) ,979 4,873 55,338 49,045 31,751 36, , , ,055 (c) , ,550 34, ,410 30, ,251 24, ,400 12,240 20,400 11,040 12,000 7,200 20,000 12,000 10, ,900 1,161, , , ,000 7, ,000 5, ,000 5, , , , , , , ,691 36,914 4,976 62,870 3, ,507 26,341 5,021, ,563

298 296 ( ) (6) (d) , ,822 57, (e) ,950,000 39,000 1,071,779 1, ,401 13, ,000 4, ,400 1, ,100 1,896 4,692,680 60,626 (f) ,796,994 8,985 1,824,240 69, , ,000, , , ,506 93,491 77,250 52,968 43,358 22,792 20,499 18,724 13,383 4,328 1,924,548 9,623 4,676,700

299 297 ( ) (6) (g) ,772,205 8, ,752 1, , , , ,309 14, , , , , ,185 85, , , , , , ,691 3,517,758 28, ,938 (h) ,025,200 67,594 1,175, , , , ,080 5, ,500 1,944 4,498, ,546

300 298 ( ) (6) (i) , D2 56, , , (j) , , , ,378 24,242 61, , ,424 (k) ,964 6,333 3, , , ,564 84,385 62,637 60,157 33,773 32,057 28,587 11,881 25, ,631

301 299 ( ) (6) (l) , , , , , , ,695 66,856 44,027 27,988 26,532 51,165 1,961,984 (m) , , ,019 10, , ,059 52,522 52,522 40,000 25,000 18,266 20,640 20, ,100 22, ,654 1,068, ,165 (n) ,329 6, ,441

302 300 ( ) (6) (o) , , ,681 97,101 49,449 9, ,029 1,315 7, ,633 3,583 2,754 2,104 1,377 1, , , ,446 (p)

303 301 ( ) (7) 务 ,409,942 6,225,458 9,188,809 10,575,619 7,706,875 6,303,251 4,603,066 4,267,784 4,191,646 4,101,544 5,703,119 3,001,242 5,149,012 2,861,830 2,191,452 2,187,261 2,168,826 2,006,533 4,751,743 1,889,510 1,789,775 3,017,430 1,455,678 1,419,509 1,353,383 1,327,473 1,866,349 1,271,118 3,058,290 1,264,042 1,248,446 1,064,572 1,032, , , , , , , , , , , , , ,997 1,268, , , , , , , , , , ,427

304 302 ( ) (7) 务 ,918 82,344 48,024 78,776 55,596 44,738 41, ,682 21,526 7,219,851 6,833,276 22,094 14,181,377 79,697,127 79,607,584 (1) 财务 ,615,111 (41)

305 303 ( ) (2) 务 财务 ,991, ,240 Montag Prop Proprietary Limited 71,025 60,396 28,991, ,510,580 31,669, (1) ,172,797 1,129,235 17,621,176 16,976,551 22,793,973 18,105,786

306 304 ( ) (2) ,144, , ,573 80, ,765 44, ,184 77,273 2,509, ,233 表 (1) ,844,301, ,924,071 (2) ,500, % (19)(a)(ii) , ,706 87,994 52,103 87,165 9, , ,079 15,435 7, , ,023 (40) 11, , ,724 54,317

307 305 ( ) (a) (i) ,584,686 2,585,013 15,169, , , , ,133 3,583,359 3,057,704 6,641,063 16,836,178 6,235,425 23,071, , , ,198 4,716,652 2,995,769 7,712, ,390 41, ,652 10,244,122 10,244,122 86,154 10,500 96,654 15,665,426 3,223,621 18,889,047

308 306 ( ) (a) (i) ,233,785 2,874,090 12,107,875 24,178 24,178 6,374,243 2,083,885 8,458, , ,638 15,608,028 5,612,791 21,220, , ,105 1,093,976 3,802,415 2,993,216 6,795,631 3,248,981 76,232 3,325,213 9,744,180 9,744,180 17,742,447 3,216,553 20,959, % 52, ,049 (ii) / ,609, ,467,153 4,790, ,972, ,947

309 307 ( ) (a) (ii) , , , ,199 (iii) % 6.00% 28, ,798 (28,215) (131,798) 223, ,746 (223,462) (119,746)

310 308 ( ) (b) 20% %) 25% %) 4% %) 13% %) (c) ,388, ,121,933

311 309 ( ) (c) ,032,465 74,032, , ,468 1,622 1, ,800, ,800,743 57,084,562 57,084, , ,478 23,612,327 22,034,988 30,389,433 19,618,100 95,654,848 2,441,712 8,462,645 13,234,536 10,087,955 34,226,848 1,856,867 5,457,851 6,391, ,678 14,119,665 31,669,240 31,669, ,513,484 35,955,484 50,015,238 30,119, ,603, ,580 56,580 55,304,489 55,304, , , ,038, ,038,419 50,399,083 50,399,083 2,358,847 2,358,847 25,739,217 19,366,675 25,496,869 19,917,604 90,520,365 6,152,324 3,221,302 19,618,758 12,178,584 41,170,968 4,703,134 3,299, , ,683 9,073,142 29,409,630 29,409, ,376,647 25,887,584 46,083,345 32,198, ,546,447

312 310 ( ) (1) , ,892 2,851,111 78, ,051 3,232, , , , ,121 15,500 15,500 14,055 14, ,600,264 4,600,264 1,191,796 1,191,796 3,492,474 3,492,474 1,000, ,756 1,432, , ,998 30, , , , ,308 1,044,577 5,193, ,404 12,369,593 17,808,745

313 311 ( ) (1) ,340 69,340 1,622 1,622 1,622 69,340 70, ,878,855 2,878,855 81,776 81,776 2,095 2,095 5,958,929 5,958,929 2,661,023 2,661, , ,563 1,500,001 6,426,092 2,095 6,654,492 13,082, ,623 25,623 24,947 24,947 6,010 6,010 56,580 56,580

314 312 ( ) (1) EBITDA (a) , ,269 1, ,095 56,580

315 313 ( ) (1) (b) / / / / / / 5,310,262 4,405, , , , , , / 5,958, , /

316 314 ( ) (1) (b) / (a) ,958,929 (21,522) 5,937,407 2,925,506 4,202,638 (254,703) 4,405,572 (254,703) 695,563 (76,909) 618, , ,355 93, ,807 93,943 5,456,673 5,456, , ,487 16,839 (858,673) 5,310,262 16,839 1,378,820 (722,068) 656,752 (722,068) 354, , , , ,308 6,654,492 5,358,242 12,012,734 6,158,693 4,985,480 42,319 (858,673) 12,369,593 42,319 40,000 29,340 69,340 (29,340) 40,000 29,340 69,340 (29,340) (a)

317 315 ( ) (1) (b) / ,320,655 2,431,327 2,931, ,883 (90,448) 5,958, , , , ,563 6,946,858 2,763,237 3,194, ,883 (90,448) 6,654,492 (2) ,766,543 25,131,342 21,706,680 22,958,323 23,689,339 24,038,271 50,083,512 51,149,645 48,515,887 50,108,040 48,515,887 50,108,040

318 316 ( ) (A) 942,676, ,083,529 (B) 720,532, ,363,914 (B/A) 76.43% 79.89% (1) ,468 (2) (a) 5,261,829 (b) 10,999,210 7,229,285 10,999,210 12,491,114 (a) ,261,829 5,261,829 (i) , (ii)

319 317 ( ) (2) (b) ,090,567 7,230,721 91,357 1,436 10,999,210 7,229,285 (i) ,151,413 6,436, , , , , ,729 8,050 7,286 1,861 8,728 14,504 11,090,567 7,230,721 (ii) 务 (%) 1 1,404, , ,017, , , , , , , ,703 4,718,430 21,407 (iii) ,967, ,058, , ,931 (iv)

320 318 ( ) (2) (c) ,357 1,436 (i) , % 1, , % , % 26 22, % ,263 2,249 (ii) , % 293

321 319 ( ) (2) (c) (ii) ,806, % 9, , % 13, , % 7, , % 12,002 5,503,463 42,508 / ,338, % 16, , % 6,453 66, % 12,009 7, % 1,822 8, % 4,364 4,550,543 41, , % 59 4, % , % 1,269 59,499 1,466

322 320 ( ) (2) (c) (ii) , % 3,435 (iii) , ,873,621 28, , , ,431 (d) 2018 (3) ,269,685 2,272,958 4,269,685 2,272,958 (a) ,142,897 96% 2,264,113 98% 119,859 2% 7,675 1% 5,759 1% 1,170 1% 1,170 1% 4,269, % 2,272, % , ,845

323 321 ( ) (3) (b) 务 1 388,500 9% 2 283,122 6% 3 251,473 6% 4 247,401 6% 5 243,498 6% 1,413,994 33% (4) ,652,550 1,807,941 1,815,369 1,334, ,966 1,145, , ,691 2,000, ,975 47,404,743 1,256, ,456 6,094,992 54,348, ,183 34,758 5,807,809 54,313, ,856,323 33,355,583 2,034,421 15,812, ,541 1,467,814 6,572 2,172, ,080 4,135 1,016,135 6,094,992 54,348,255

324 322 ( ) 财务报表 附注 (4) (a) 表 (i) , % 1, , % , % , % 2, ,657 4, , % , % 73 3,138, % 18,712 3,262,666 19,336 (ii) (iii) , % 31, , % 3, % 42 6, % 58 41,016 34,162 56, % 2,401 50, % 5,059 2,090, % 222,003 2,197, ,463

325 323 ( ) 财务报表 附注 (4) (b) ,992 6, , ,918 (c) 2017 (d) ,634,776 27% 163, ,386 13% 4, ,770 7% 2, ,966 4% 24, ,583 2% 493 3,203,481 53% 194,404 (e) (5) ,022,407 37,967 7,984,440 (13)(6) 6,212,588 29,859 6,182,729 1,801,711

326 324 ( ) 财务报表 附注 (5) ,809, % 8,108 (6) (9) 3,422,873 (5) 377,221 1,419,500 3,800,094 1,419,500 47,147 3,752,947 1,419,500 (7) ,036, ,484 70,690, ,661 14,043 71,844, , ,130 71,029, , ,130

327 325 ( ) 财务报表 附注 (8) ,755 2,000,000 2,780,755 (9) ,102,873 73,932 5,028,941 (6) 3,422,873 46,346 1,652, ,035, % , % , % , % ,156,756 (i) 附注 (36)

328 326 ( ) 财务报表 附注 (10) (a) 163,276, ,374,933 (b) 5,485,709 2,704,637 (c) 4,059,419 2,288, ,822, ,368, ,822, ,368,543 (a) ,815,062 1,767,830 7,582,892 1,029,160 8,928,484 8,928, ,771 3,657,774 3,657, ,209 6,754,538 2,763,440 9,517,978 1,063,440 5,022,839 5,022, ,728 2,957,663 1,701,040 4,658, ,870 3,165, ,510 3,938, ,740 5,336,426 5,336,426 76,205 2,469, ,400 3,169,516 28,890 3,856, ,860 4,506, ,200 4,444,232 1,363,260 5,807, ,020 3,463,951 1,170,550 4,634, ,250 3,565,248 1,599,370 5,164, , , ,997 22,640 7,967,722 5,485,200 13,452,922 1,323,620 2,098,999 1,200,000 3,298,999 3,356,075 1,000,100 17,537 4,338, ,530 2,273, ,180 3,112,258 39,180 2,131,075 1,283,841 3,414, ,710 1,496,085 31,970 1,528, , ,983 61, ,043 74, , , , ,271 3, ,321 38, , , , , ,187 52,210 6,289,728 6,289, ,190 1,802,733 1,802, ,127 5,689,956 5,689,956

329 327 ( ) 财务报表 附注 (10) (a) ,244,939 1,800,000 3,044,939 3,800,000 4,750,000 8,550,000 78,760 6,077,911 6,077,911 1,688,172 1,688, ,770 1,811,137 1,000,000 2,811,137 1,457, ,810 1,900, ,320 1,398, ,000 1,998, , , , , , ,761 72,400 1,000,000 89,840 1,089,840 10,180 1,049, ,263 2,000,000 75, , , ,577, ,090 5,073,229 86,714 6,466,187 6,466, , , , ,264 1,500,000 1,500, , ,990 1,296, ,374,933 35,577,516 17, , ,276,902 10,566,544 1 (47)(ii)

330 328 ( ) 财务报表 附注 (10) (b) (%) 1,000, ,000 1,900, , , , ,000 1, , , ,884 (43) 724, , , , , , ,817 1,549 4, ,753 2,704,637 3,236, ,817 3,393 4,447 5,485, % % 3 60% 4 49%

331 329 ( ) 财务报表 附注 (10) (c) (%) 1,092, ,559 (648) 38,644 1,420, , , , ,669 (35,979) 522, ,116 1, , , , , , ,560 80,000 2,186 5, ,146 2,288,973 1,559,979 80, ,868 (648) 43,753 4,059,419 (11) ,747, ,000,000 (252,070) 1,747, (12) , , ,850

332 330 ( ) 财务报表 附注 (13) (5) 5,835,367 1,162,500 1,000,000 21,207 6,997,867 1,021,207 29,058 6,968,809 1,021,207 (14) ,600,000 3,400, % 4.35% % 4.35%) (15) (a) 1,045,097 (b) 17,361,092 12,220,128 17,361,092 13,265,225 (a) ,045,

333 331 ( ) (15) (b) ,265,706 9,354, , ,022 60,647 57,816 10,234 8,390 8,830 15,598 2,815,128 2,135,513 17,361,092 12,220, ,530, ,358,709 (16) ,253,821 1,637,070 81,255 2,098 8,974,244 (17) ,956,340 69,198,193 9,357,028 4,058, , , , , , , ,013 1,173,099 30,120 44,598 5,454,132 5,552,697 89,093,301 81,093,197

334 332 ( ) (18) ,602,286 1,948,769 (19) 2,049,743 1,659, ,000 1,233,420 5,102,029 4,841,921 (19) ,992,947 3,312 4,996, ,654,672 1,294 4,655, ,487,429 1,387 3,488, ,495,187 1,673 2,496, ,112, ,112, ,046,579 3,164 2,049, ,659, ,660,000 21,448,595 11,961 1,660,000 19,800, ,049, ,659,732 1,659,732 2,049,743 19,788,863 17,750,813

335 333 ( ) (19) ,000,000 27/01/ ,971, ,659,000 23/03/ ,652, ,500,000 19/10/ ,479, ,500,000 19/10/ ,485, ,120,000 28/01/ ,110, ,050,000 28/01/ ,040, ,660,000 17/10/ ,659,335 21,398, % % 3.4% % (20) (a) ,725,299 38,613,544 38,364,856 35,696,147 26,764 3,829 22,518 3,966 40,752,063 38,617,373 38,387,374 35,700,113 (b) 务 务 务 务 29,092,336 27,481,567 27,527,873 25,355,973 9,421,792 8,896,400 7,751,739 7,332,344 2,211,171 2,235,577 3,085,244 3,007,830 40,725,299 38,613,544 38,364,856 35,696,147

336 334 ( ) (20) (c) 务 务 务 务 25,182 3,660 22,518 3,966 1, ,764 3,829 22,518 3,966 (d) ,725,299 40,725,299 26,764 26,764 40,725,299 26,764 40,752,063 (e) ,354,140 8,682, % 5,023,537 4,662, ,963 4,539,418 3,806,818 2,915,892 2,723, ,332,103 3,808, % 3,520,160 3,094, ,568 3,746,822 3,215,080 2,086,201 1,809, ,619,371 3,877, % 3,192,422 2,679, ,811 3,910,026 2,776,700 2,085,551 1,736, ,415,737 5,921, % 5,305,122 4,896, ,299 5,114,494 4,450,952 2,013,525 1,893, ,643,795 6,883, % 6,563,167 5,910, ,772 6,607,609 5,946,848 1,965,064 1,953, ,415,469 10,137, % 1,740,827 1,702,428 38,399 1,440,827 1,085,808 1,740,827 1,702, ,065,883 8,370, % 2,305,454 2,128, ,659 2,097,770 2,305,454 1,707,106 1,578, ,282,403 5,905, % 2,180,859 2,050, ,851 2,255,145 2,187,744 1,651,153 1,552, ,288,764 5,189, % 3,768,640 3,698,151 70,489 3,443,421 3,639,169 1,553,127 1,526, ,047,311 9,539, % 1,858,502 1,654, ,435 2,123,126 1,966,911 1,386,810 1,210,359

337 335 ( ) (21) 财务 ,067,840 1,819, , ,931 79, ,444 (321,653) (309,543) / 206,353 (310,771) 40,839 19,636 2,665,139 1,426,260 (22) ,566,544 9,989,149 2,850, , ,847 25, ,583 23,268 6,231,327 2,502,526 13,780,796 19,222, ,231,327

338 336 ( ) (23) 表 (a) ,119,495 19,023,574 57,504 1,173,125 29,035 23,477 20,877 20,616 3,660 3,660 23,891 7,250 (26) (191) 6,437 2,946,513 (1,063,340) (13,780,796) (16,720,174) (295,010) (15,234) 3,181 3,399, ,320 3,856,913 (3,322,745) (7,261,996) 9,212,805 13,711,764 11,851,675 11,186, ,273,801 41,710,206 41,710,206 47,034,558 / 1,563,595 (5,324,352) (b) ,423,076 50,712,512 8,234 8,191 45,411,386 50,702,817 3,456 1,504 2,149,275 9,002,306 43,273,801 41,710,206

339 财务报表补充资料 337 ( ) 表 , , , , , , ,213 (467,076) 208, ,619 52, ,219 (278,873) (114,570) 1,836, , ,498 49,698 19,748 15,838 1,334, , 财务报表 表 H2018 资 ,198,138 16,066, ,782, ,380,615 (163,428) (163,428) 17,198,138 16,066, ,618, ,217,187

340 338 财务报表补充资料 ( ) 资 资 报 (%)

341 第十三节备查文件目录

342 340 第十四节董事 高级管理人员对 中国中铁股份有限公司 2018 年年度报告 的书面确认意见

343 中国北京市海淀区复兴路 69 号中国中铁广场 A 座邮编 :