CONSOLIDATED BALANCE SHEET (Unaudited) RMB in millions

Sep 30, 2024 Dec 31, 2023

ASSETS
Current assets
Currency funds 9,257 7,325
Trading financial assets 2,003 2,306
Derivative financial assets 3 4
Accounts receivable 5,916 4,185
Receivables financing 35 38
Prepayments 133 104
Other receivables 117 87
Inventories 4,740 3,195
Other current assets 514 375
Total current assets 22,718 17,619
Non-current assets
Long-term receivables 33 33
Long-term equity investments 826 695
Other equity investments 434 447
Investment properties 83 86
Fixed assets 21,431 18,744
Construction in progress 2,728 1,053
Right-of-use assets 515 563
Intangible assets 745 662
Goodwill 3,546 2,248
Long-term prepaid expenses 10 17
Deferred tax assets 493 364
Other non-current assets 57 48
Total non-current assets 30,901 24,960
Total assets 53,619 42,579

LIABILITIES AND EQUITY Sep 30, 2024 Dec 31, 2023

Current liabilities
Short-term borrowings 1,187 1,696
Notes payable 338 223
Accounts payable 8,143 4,782
Contract liabilities 316 185
Employee benefits payable 751 781
Taxes and surcharges payable 275 167
Other payables 385 354
Current portion of long-term liabilities 4,215 1,491
Other current liabilities 1 3
Total current liabilities 15,611 9,682
Non-current liabilities
Long-term borrowings 7,331 5,777
Lease liabilities 504 530
Long-term payables 833 0
Long-term employee benefits payable 15 14
Deferred income 424 384
Deferred tax liabilities 393 0
Other non-current liabilities 28 41
Total non-current liabilities 9,528 6,746
Total liabilities 25,139 16,428
Equity
Paid-in capital 1,789 1,789
Capital reserves 15,230 15,237
Accumulated other comprehensive income 410 543
Specialized reserves 1 0
Surplus reserves 257 257
Unappropriated profit 9,137 8,239
Total equity attributable to owners of the parent 26,824 26,065
Minority shareholders 1,656 86
Total equity 28,480 26,151
Total liabilities and equity 53,619 42,579
CONSOLIDATED INCOME STATEMENT (Unaudited) RMB in millions, except share data

Three months ended Nine months ended

Sep 30, 2024 Sep 30, 2023 Sep 30, 2024 Sep 30, 2023
Revenue 9,491 8,257 24,978 20,430
Less: Cost of sales 8,331 7,071 21,748 17,596
Taxes and surcharges 21 36 56 82
Selling expenses 69 55 187 155
Administrative expenses 100 190 533 536
Research and development expenses 413 413 1,232 1,082
Finance expenses 119 26 108 77
Including: Interest expenses 105 84 297 215
Interest income 69 35 210 70
Add: Other income 39 103 125 176
Investment income / (loss) 0 (12) (14) (34)
Including: Income / (loss) from investments in associates and joint ventures (14) (12) (43) (34)
Gain / (loss) on changes in fair value of financial assets/liabilities 3 17 (2) 62
Credit impairment (loss is expressed by "-") 6 (2) (1) (3)
Asset impairment (loss is expressed by "-") (13) (26) (51) (26)
Gain / (loss) on disposal of assets (2) 5 3 21
Operating profit / (loss) 471 551 1,174 1,098
Add: Non-operating income 0 0 1 3
Less: Non-operating expenses 1 1 3 5
Profit / (loss) before income taxes 470 550 1,172 1,096
Less: Income tax expenses 16 72 101 122
Net profit / (loss) 454 478 1,071 974
Classified by continuity of operations
Profit / (loss) from continuing operations 454 478 1,071 974
Classified by ownership
Net profit / (loss) attributable to owners of the parent 457 478 1,076 974
Net profit / (loss) attributable to minority shareholders (3) 0 (5) 0
Add: Unappropriated profit at beginning of period 8,680 7,293 8,239 7,154
Less: Cash dividends declared 0 0 178 357
Unappropriated profit at end of period (attributable to owners of the parent） 9,137 7,771 9,137 7,771
Other comprehensive income, net of tax (181) (70) (133) 280
Comprehensive income attributable to owners of the parent (181) (70) (133) 280
Comprehensive income not be reclassified to profit or loss 0 (7) (13) 10
Remeasurement gains or losses of a defined benefit plan 0 0 0 1
Change in the fair value of other equity investments 0 (7) (13) 9
Comprehensive income to be reclassified to profit or loss (181) (63) (120) 270
Exchange differences of foreign currency financial statements (181) (63) (120) 270
Total comprehensive income 273 867 938 1,254
Including:
Total comprehensive income attributable to owners of the parent 276 408 943 1,254
Total comprehensive income attributable to minority shareholders (3) 0 (5) 0
Earnings per share
Basic earnings per share 0.25 0.26 0.60 0.54
Diluted earnings per share 0.25 0.26 0.60 0.54
CONSOLIDATED CASH FLOW STATEMENT (Unaudited) RMB in millions

Three months ended Nine months ended

Sep 30, 2024 Sep 30, 2023 Sep 30, 2024 Sep 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from the sale of goods and the rendering of services 9,011 7,574 25,601 20,737
Receipts of taxes and surcharges refunds 139 52 337 267
Other cash receipts relating to operating activities 92 126 375 289
Total cash inflows from operating activities 9,242 7,752 26,313 21,293
Cash payments for goods and services 6,742 5,840 17,996 14,293
Cash payments to and on behalf of employees 1,198 899 3,446 2,972
Payments of all types of taxes and surcharges 284 180 573 646
Other cash payments relating to operating activities 111 221 364 349
Total cash outflows from operating activities 8,335 7,140 22,379 18,260
Net cash flows from operating activities 907 612 3,934 3,033
CASH FLOWS FROM INVESTING ACTIVITIES
Cash receipts from returns of investments 3,600 3,601 12,650 11,881
Cash receipts from investment income 15 15 30 68
Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets 1 99 6 131
Total cash inflows from investing activities 3,616 3,715 12,686 12,080
Cash payments to acquire fixed assets, intangible assets and other long-term assets 1,219 845 3,089 2,434
Cash payments for investments 4,000 5,181 12,350 11,161
Net cash payments for acquisition of subsidiaries and other business units 1,520 0 1,520 0
Total cash outflows from investing activities 6,739 6,026 16,959 13,595
Net cash flows from investing activities (3,123) (2,311) (4,273) (1,515)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash proceeds from investments by others 0 32 776 262
Including: Cash receipts from capital contributions from minority shareholders of subsidiaries 0 0 765 86
Cash receipts from borrowings 2,050 4,823 5,057 6,487
Total cash inflows from financing activities 2,050 4,855 5,833 6,749
Cash repayments for debts 1,048 3,723 3,011 5,464
Cash payments for distribution of dividends or profit and interest expenses 83 78 435 545
Other cash payments relating to financing activities 21 22 74 69
Total cash outflows from financing activities 1,152 3,823 3,520 6,078
Net cash flows from financing activities 898 1,032 2,313 671
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (46) (7) (42) 30
NET INCREASE IN CASH AND CASH EQUIVALENTS (1,364) (674) 1,932 2,219
Add: Cash and cash equivalents at beginning of period 10,621 5,346 7,325 2,453
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,257 4,672 9,257 4,672