Income Statement

1 Year	47%
3 Years	16%
5 Years	12%

26B

Gross Proft

1 Year	57%
3 Years	21%
5 Years	18%

15.9B

Operating Income

1 Year	110%
3 Years	38%
5 Years	21%

5.7B

Net Income

1 Year	239%
3 Years	80%
5 Years	51%

Currency: CNY

	Mar-2022	Dec-2021	Sep-2021	Jun-2021	Mar-2021	Dec-2020	Sep-2020	Jun-2020	Mar-2020	Dec-2019	Sep-2019	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017	Dec-2016	Sep-2016	Jun-2016	Mar-2016	Dec-2015	Sep-2015	Jun-2015	Mar-2015	Dec-2014	Sep-2014	Jun-2014	Mar-2014	Dec-2013	Sep-2013	Jun-2013	Mar-2013	Dec-2012	Sep-2012	Jun-2012
Revenue
Revenue	292 756 +9%	269 748 +9%	247 769 +11%	222 622 +12%	198 943 +7%	186 025 +5%	177 571 -1%	179 334 -4%	186 798 -2%	190 215 -5%	200 361 +4%	192 867 +3%	186 614 +4%	180 242 +8%	166 652 -3%	172 006 -3%	176 802 -2%	181 020 -6%	192 572 +4%	185 653 +13%	164 183 +14%	144 200 +20%	119 683 +12%	107 274 -8%	117 055 -5%	123 476 -7%	132 713 -4%	138 066 +3%	134 155 -6%	142 000 -9%	155 761 -6%	166 489 -4%	174 067 +1%	173 038 +6%	162 709 +5%	154 422 +3%	150 102 +0%	149 479 +2%	147 093 -3%	151 603 N/A

Gross Profit
Cost of Revenue	(266 801)	(243 866)	(222 074)	(201 452)	(182 366)	(172 303)	(164 897)	(167 612)	(174 822)	(177 810)	(187 587)	(179 131)	(171 981)	(165 731)	(151 905)	(156 989)	(163 085)	(167 043)	(178 691)	(173 650)	(152 774)	(134 212)	(114 171)	(103 323)	(113 125)	(119 594)	(128 213)	(133 226)	(131 204)	(140 258)	(152 949)	(163 881)	(171 247)	(169 665)	(161 127)	(152 864)	(149 139)	(148 697)	(144 552)	(147 371)
Gross Profit	25 954 +0%	25 883 +1%	25 695 +21%	21 169 +28%	16 575 +21%	13 720 +8%	12 672 +8%	11 721 -2%	11 977 -3%	12 406 -3%	12 775 -7%	13 737 -6%	14 632 +1%	14 509 -2%	14 745 -2%	15 015 +9%	13 716 -2%	13 977 +1%	13 881 +16%	12 003 +5%	11 409 +14%	9 989 +81%	5 513 +40%	3 951 +1%	3 929 +1%	3 880 -14%	4 498 -7%	4 839 +64%	2 951 +69%	1 742 -38%	2 813 +8%	2 609 -8%	2 821 -16%	3 374 +113%	1 583 +2%	1 559 +62%	964 +23%	782 -69%	2 539 -40%	4 230 N/A

Operating Income
Operating Expenses	(10 081)	(10 710)	(10 311)	(9 261)	(9 029)	(8 558)	(7 862)	(7 489)	(7 430)	(7 133)	(8 485)	(8 570)	(8 576)	(8 582)	(7 626)	(7 313)	(6 633)	(6 536)	(5 564)	(5 326)	(5 409)	(5 042)	(5 266)	(5 070)	(5 478)	(5 604)	(13 395)	(13 624)	(13 103)	(13 534)	(6 433)	(6 448)	(6 324)	(6 342)	(5 724)	(5 871)	(6 471)	(6 223)	(5 280)	(5 266)
Selling, General & Administrative	(4 757)	(5 422)	(6 777)	(6 366)	(5 914)	(5 505)	(5 045)	(4 592)	(4 899)	(4 853)	(5 642)	(5 754)	(5 362)	(5 533)	(5 572)	(5 666)	(6 033)	(5 920)	(5 465)	(5 310)	(5 154)	(4 979)	(4 379)	(4 238)	(4 015)	(4 102)	(5 891)	(6 050)	(6 017)	(6 076)	(4 376)	(4 388)	(4 482)	(4 543)	(4 575)	(4 667)	(4 748)	(4 713)	(4 586)	(4 477)
Research & Development	0	0	0	0	(1 457)	(1 434)	(1 195)	(1 072)	(975)	(942)	(799)	(733)	(696)	(627)	(675)	(606)	(498)	(470)	(50)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	(5 325)	(5 289)	(3 535)	(2 895)	(1 657)	(1 619)	(1 622)	(1 826)	(1 558)	(1 340)	(2 045)	(2 084)	(2 519)	(2 422)	(1 381)	(1 042)	(102)	(146)	(49)	(16)	(254)	(63)	(888)	(832)	(1 462)	(1 500)	(7 502)	(7 573)	(7 086)	(7 459)	(2 058)	(2 061)	(1 843)	(1 799)	(1 150)	(1 205)	(1 724)	(1 511)	(694)	(790)
Operating Income	15 873 +5%	15 172 -1%	15 382 +29%	11 907 +58%	7 546 +46%	5 162 +7%	4 811 +14%	4 232 -7%	4 547 -14%	5 273 +23%	4 290 -17%	5 166 -15%	6 055 +2%	5 926 -17%	7 118 -8%	7 702 +9%	7 083 -5%	7 441 -11%	8 318 +25%	6 678 +11%	6 001 +21%	4 947 +1 903%	247 N/A	(1 119) +28%	(1 549) +10%	(1 723) +81%	(8 898) -1%	(8 786) +13%	(10 153) +14%	(11 793) -226%	(3 621) +6%	(3 840) -10%	(3 504) -18%	(2 969) +28%	(4 141) +4%	(4 312) +22%	(5 506) -1%	(5 439) -99%	(2 739) -165%	(1 034) N/A

Pre-Tax Income
Interest Income Expense	(3 736)	(3 990)	(4 160)	(3 745)	(3 868)	(3 307)	(2 984)	(3 245)	(3 345)	(3 569)	(3 604)	(3 481)	(3 615)	(3 643)	(3 693)	(4 430)	(4 274)	(4 363)	(5 213)	(4 582)	(5 082)	(5 099)	(2 409)	(2 840)	(2 287)	(2 167)	(4 603)	(4 538)	(4 627)	(5 016)	614	908	2 160	2 072	(3 447)	(3 253)	(4 808)	(4 447)	(4 267)	(3 584)
Non-Reccuring Items	(16)	25	470	477	473	448	(562)	(301)	250	259	922	628	84	101	13	41	98	78	892	884	821	817	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gain/Loss on Disposition of Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2 481	1 892	1 733	(56)	(57)	(74)	(79)	(2)	(1)	0	0	0	0	0	0	0	0
Total Other Income	(1 066)	(1 029)	(774)	(846)	(211)	(147)	143	239	182	156	(272)	(242)	(130)	6	38	54	(72)	(107)	(516)	(282)	614	960	4 156	1 992	2 132	2 294	1 573	1 348	1 239	921	985	909	1 138	1 960	2 097	1 947	1 689	793	484	424
Pre-Tax Income	11 055 +9%	10 178 -7%	10 918 +40%	7 793 +98%	3 940 +83%	2 156 +53%	1 408 +52%	925 -43%	1 634 -23%	2 119 +58%	1 337 -35%	2 072 -13%	2 395 +0%	2 391 -31%	3 476 +3%	3 367 +19%	2 836 -7%	3 050 -12%	3 482 +29%	2 699 +15%	2 354 +45%	1 625 -19%	1 994 +289%	513 +174%	187 +36%	137 N/A	(11 983) +0%	(12 032) +12%	(13 614) +15%	(15 966) -689%	(2 023) +0%	(2 025) -874%	(208) N/A	1 061 N/A	(5 491) +2%	(5 620) +35%	(8 627) +5%	(9 093) -39%	(6 524) -56%	(4 195) N/A

Net Income
Tax Provision	(2 552)	(2 390)	(2 206)	(1 659)	(946)	(582)	(431)	(376)	(550)	(628)	(607)	(666)	(772)	(822)	(978)	(865)	(593)	(644)	(574)	(600)	(520)	(404)	(335)	40	144	230	(340)	(588)	(1 121)	(1 075)	(777)	(825)	(384)	(339)	(599)	(273)	225	449	1 245	769
Income from Continuing Operations	8 503	7 789	8 713	6 135	2 994	1 573	976	549	1 084	1 491	730	1 406	1 623	1 569	2 498	2 501	2 242	2 405	2 907	2 099	1 834	1 221	1 659	553	331	367	(12 323)	(12 620)	(14 734)	(17 041)	(2 800)	(2 849)	(592)	723	(6 089)	(5 893)	(8 402)	(8 644)	(5 279)	(3 427)
Income to Minority Interest	(2 816)	(2 709)	(3 115)	(2 353)	(1 316)	(831)	(482)	(367)	(645)	(638)	(548)	(689)	(651)	(737)	(972)	(1 014)	(907)	(992)	(1 315)	(1 050)	(1 100)	(852)	(411)	(334)	(212)	(218)	553	534	731	833	181	296	357	224	344	288	281	410	214	(1)
Net Income (Common)	5 688 +12%	5 080 -9%	5 597 +48%	3 780 +125%	1 677 +126%	741 +50%	494 +171%	182 -59%	439 -49%	853 +369%	182 -75%	717 -26%	972 +17%	832 -45%	1 526 +3%	1 487 +11%	1 335 -6%	1 413 -11%	1 592 +52%	1 048 +43%	733 +99%	368 -70%	1 247 +469%	219 +84%	119 -20%	149 N/A	(11 770) +3%	(12 087) +14%	(14 004) +14%	(16 209) -519%	(2 619) -3%	(2 552) -991%	(234) N/A	948 N/A	(5 744) -2%	(5 604) +31%	(8 120) +1%	(8 233) -63%	(5 065) -48%	(3 428) N/A

Balance Sheet

197B

Assets

1 Year	0%
3 Years	-2%
5 Years	0%

138B

Liabilities

1 Year	-2%
3 Years	-5%
5 Years	-2%

58.9B

Equity

1 Year	6%
3 Years	4%
5 Years	9%

Currency: CNY

	Mar-2022	Dec-2021	Sep-2021	Jun-2021	Mar-2021	Dec-2020	Sep-2020	Jun-2020	Mar-2020	Dec-2019	Sep-2019	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017	Dec-2016	Sep-2016	Jun-2016	Mar-2016	Dec-2015	Sep-2015	Jun-2015	Mar-2015	Dec-2014	Sep-2014	Jun-2014	Mar-2014	Dec-2013	Sep-2013	Jun-2013	Mar-2013	Dec-2012	Sep-2012	Jun-2012
Assets
Cash & Cash Equivalents	17 961	17 853	13 550	6 281	9 467	9 631	8 062	8 853	12 899	7 718	10 629	13 639	18 407	21 296	24 781	28 012	24 641	30 004	18 092	20 338	24 669	25 901	25 583	20 578	15 379	22 557	14 914	20 118	19 131	17 932	15 344	22 041	16 113	12 426	11 489	10 951	12 260	10 192	11 372	14 185
Cash	0	10 021	0	6 281	0	9 631	0	8 853	0	7 718	0	13 639	0	21 296	0	28 012	0	30 004	0	20 338	0	25 901	0	20 578	0	22 557	0	20 118	0	17 932	0	22 041	0	12 426	0	0	0	0	0	0
Cash Equivalents	17 961	7 832	13 550	0	9 467	0	8 062	0	12 899	0	10 629	0	18 407	0	24 781	0	24 641	0	18 092	0	24 669	0	25 583	0	15 379	0	14 914	0	19 131	0	15 344	0	16 113	0	11 489	10 951	12 260	10 192	11 372	14 185
Short-Term Investments	5 024	0	5 023	5 000	1 920	0	32	4 100	2 119	3 500	4 810	2 008	5	16	8	0	19	10	46	29	22	0	4	19	2 519	227	145	4 217	31	4 757	52	28	0	0	10	0	2	9	62	4
Total Receivables	9 194	9 710	13 904	16 742	14 758	14 671	14 086	16 690	14 777	15 522	15 321	18 726	14 806	15 247	14 189	17 005	14 003	16 952	18 814	19 345	17 093	19 580	18 662	19 612	16 944	16 664	14 833	16 874	13 737	14 650	14 470	19 072	21 055	20 820	17 250	16 706	10 062	5 337	9 086	9 480
Accounts Receivables	4 798	3 067	5 649	5 820	5 896	4 747	6 345	6 152	5 949	4 575	6 519	6 366	6 645	5 210	6 311	6 112	6 574	4 286	5 848	4 854	5 104	4 187	5 108	4 368	4 659	3 877	4 478	4 037	3 718	2 982	4 934	4 955	5 700	4 014	6 760	4 274	4 546	1 425	3 223	2 554
Other Receivables	4 397	6 643	8 255	10 922	8 862	9 924	7 741	10 538	8 828	10 947	8 802	12 360	8 161	10 037	7 878	10 893	7 429	12 666	12 966	14 491	11 989	15 393	13 554	15 244	12 285	12 787	10 355	12 837	10 019	11 668	9 536	14 117	15 355	16 806	10 490	12 432	5 516	3 912	5 863	6 926
Inventory	19 607	18 678	18 418	19 508	20 752	19 857	19 689	18 525	20 755	19 516	21 188	22 292	24 061	20 460	22 742	22 799	23 118	20 548	20 493	20 262	21 269	17 933	17 777	19 241	21 141	20 341	23 679	23 456	25 937	22 543	22 064	22 476	23 030	23 536	22 461	25 235	29 106	25 596	26 347	26 422
Other Current Assets	3 441	2 473	3 097	2 767	3 278	2 045	3 534	2 325	3 961	2 446	4 844	2 523	5 048	1 883	5 582	2 222	5 929	1 131	5 348	1 762	5 031	3 072	6 493	4 974	6 524	4 672	6 644	4 280	7 790	3 713	11 996	8 416	11 011	6 284	15 663	10 394	12 585	7 882	11 373	10 276
Total Current Assets	55 228	48 714	53 992	50 297	50 174	46 204	45 403	50 492	54 511	48 701	56 792	59 186	62 327	58 901	67 303	70 038	67 708	68 644	62 792	61 737	68 083	66 487	68 519	64 425	62 506	64 462	60 214	68 946	66 625	63 596	63 925	72 032	71 209	63 065	66 872	63 287	64 015	49 016	58 240	60 365
PP&E Net	103 792	102 159	104 022	101 538	107 774	104 867	110 530	107 234	112 888	113 748	113 921	112 045	113 510	106 249	100 421	99 324	99 633	95 628	92 696	92 592	90 916	90 868	88 671	87 770	88 948	91 626	93 915	93 622	93 928	94 120	99 098	99 394	100 713	100 606	100 265	99 976	116 173	96 248	94 826	94 450
PP&E Gross	0	102 159	0	101 538	0	104 867	0	107 234	0	113 748	0	112 045	0	106 249	0	99 324	0	95 628	0	92 592	0	90 868	0	87 770	0	91 626	0	93 622	0	94 120	0	99 394	0	100 606	0	99 976	0	0	0	0
Accumulated Depreciation	0	89 500	0	84 688	0	81 186	0	74 605	0	76 182	0	73 667	0	70 159	0	69 608	0	67 799	0	65 812	0	63 233	0	61 903	0	63 732	0	62 605	0	62 633	0	58 618	0	55 482	0	55 448	0	0	0	0
Intangible Assets	15 212	15 419	16 978	15 750	15 996	16 175	15 765	15 892	15 810	15 805	14 475	14 583	14 260	13 676	12 700	12 251	12 051	11 869	11 390	11 437	11 510	11 608	11 352	10 676	10 731	11 544	11 571	11 758	11 848	11 909	11 602	11 591	11 167	11 251	11 063	11 169	11 519	4 491	4 610	4 521
Note Receivable	0	0	0	0	128	128	128	129	129	129	187	150	204	205	253	252	261	261	437	441	1 387	1 366	4 565	4 570	6 046	6 057	0	140	0	8 393	0	28	0	47	0	0	0	0	0	0
Long-Term Investments	15 002	15 042	14 733	15 041	14 617	15 677	15 642	16 714	16 660	16 641	13 590	13 159	12 908	12 643	15 355	15 165	15 346	16 203	15 708	14 832	13 824	13 587	11 602	11 597	11 204	10 884	7 412	6 616	6 978	7 442	7 548	7 425	7 111	6 985	18 171	17 977	18 215	19 213	14 017	13 204
Other Long-Term Assets	3 833	7 127	3 971	7 499	4 096	8 342	4 599	8 747	4 350	4 603	4 622	5 473	4 861	5 781	4 546	5 315	5 226	4 866	4 663	4 365	4 409	4 248	4 024	4 117	5 085	5 139	12 868	12 249	13 337	5 038	13 530	13 425	15 200	15 208	7 578	7 719	3 731	3 685	6 234	5 186
Other Assets	3 509	3 510	3 510	3 510	3 510	3 510	3 511	3 511	3 511	3 511	3 511	3 511	3 510	3 511	2 347	2 346	2 345	2 346	2 346	2 346	2 347	2 347	2 346	2 346	2 346	2 346	2 346	2 345	2 345	2 345	2 345	2 345	2 345	2 345	2 359	2 361	2 363	2 363	2 363	2 363
Total Assets	196 623 +2%	192 377 -3%	197 333 +2%	194 112 -1%	196 293 +1%	194 902 0%	195 577 -4%	202 719 -2%	207 859 +2%	203 137 -2%	207 096 0%	208 107 -2%	211 582 +5%	200 965 -1%	202 925 -1%	204 691 +1%	202 570 +1%	199 817 +5%	190 033 +1%	187 750 -2%	192 475 +1%	190 511 0%	191 079 +3%	185 501 -1%	186 865 -3%	192 058 +2%	188 325 -4%	195 676 +0%	195 060 +1%	192 844 -3%	198 048 -4%	206 241 -1%	207 745 +4%	199 507 -3%	206 309 +2%	202 488 -6%	216 016 +23%	175 017 -3%	180 289 +0%	180 089 N/A

Liabilities
Accounts Payable	13 531	10 946	9 678	11 284	10 868	10 433	8 157	9 128	8 676	8 255	8 844	9 686	15 044	11 109	12 785	9 435	8 696	8 068	6 820	7 187	7 145	7 077	5 979	6 970	7 714	9 742	9 798	12 755	10 491	11 317	9 084	9 151	9 273	8 771	8 495	7 741	7 145	4 883	5 761	6 101
Accrued Liabilities	511	2 589	604	2 237	551	1 998	747	2 053	735	1 879	959	2 354	1 493	2 460	1 413	2 115	1 366	2 504	1 817	2 128	1 488	2 726	1 657	2 315	1 642	2 378	1 128	2 560	1 397	2 148	1 373	1 755	1 301	1 524	1 561	1 519	1 445	949	955	1 305
Short-Term Debt	12 460	19 219	16 370	23 387	21 866	28 617	21 607	40 150	24 075	35 296	30 046	41 392	38 645	45 287	38 353	47 694	42 318	39 236	39 284	46 302	41 011	44 945	41 009	43 172	40 339	48 463	41 759	54 464	44 612	69 755	41 547	66 874	50 198	66 053	49 576	51 878	52 893	42 489	49 000	56 465
Current Portion of Long-Term Debt	5 246	9 846	8 667	11 336	11 745	11 558	5 682	5 879	4 732	4 698	4 767	5 266	5 122	3 781	8 957	8 134	12 440	21 520	23 047	22 664	15 076	15 127	15 574	20 033	13 832	11 502	6 986	5 794	10 659	10 632	14 669	14 545	11 291	11 613	8 287	9 644	10 476	10 946	4 985	5 317
Other Current Liabilities	19 526	9 581	17 885	10 597	18 484	10 021	21 366	10 576	35 263	19 074	28 639	18 221	19 404	12 200	15 817	14 519	22 839	19 009	23 223	18 053	20 658	13 305	24 656	11 759	16 096	9 723	15 438	9 620	30 692	10 571	30 802	9 372	28 566	8 777	27 407	22 886	26 619	24 585	21 012	14 961
Total Current Liabilities	51 275	52 181	53 203	58 842	63 515	62 627	57 559	67 787	73 481	69 203	73 255	76 919	79 709	74 837	77 325	81 896	87 659	90 337	94 191	96 334	85 377	83 180	88 874	84 250	79 622	81 807	75 110	85 193	97 850	104 422	97 476	101 698	100 629	96 738	95 325	93 669	98 577	83 853	81 712	84 149
Long-Term Debt	66 810	64 096	60 828	55 849	56 472	57 518	62 382	60 120	59 639	59 244	60 054	57 674	59 184	52 454	51 157	50 214	40 192	36 798	35 223	35 340	42 615	47 323	42 767	46 411	47 631	48 822	56 587	55 933	51 916	43 609	46 021	49 272	52 029	46 295	54 281	50 938	57 477	36 636	40 206	40 579
Deferred Income Tax	1 358	1 379	1 379	1 393	1 420	1 437	1 511	1 534	1 697	1 713	1 736	1 755	1 790	1 813	1 077	1 085	986	994	964	969	976	984	986	991	1 008	1 006	1 047	1 052	1 055	1 061	1 070	1 072	1 083	1 088	1 110	1 115	0	0	0	0
Minority Interest	16 233	15 519	19 137	18 471	17 432	16 840	16 537	16 340	16 233	16 085	16 571	16 293	15 587	15 254	15 183	17 115	16 626	26 055	14 870	14 702	17 595	17 619	12 432	11 589	11 464	11 938	11 708	11 521	11 489	11 353	11 918	11 657	9 345	9 344	11 434	11 411	13 841	9 936	10 077	6 130
Other Liabilities	2 047	1 938	3 278	2 077	2 135	2 148	2 201	2 250	2 215	2 221	2 347	2 308	2 407	4 191	6 717	3 366	6 480	5 946	6 866	3 050	7 473	3 238	8 277	3 067	8 431	8 530	8 385	5 786	4 332	4 097	2 475	2 168	2 365	1 684	2 409	2 443	3 282	757	664	509
Total Liabilities	137 722 +2%	135 112 -2%	137 826 +1%	136 632 -3%	140 974 +0%	140 570 +0%	140 191 -5%	148 031 -3%	153 264 +3%	148 466 -4%	153 962 -1%	154 949 -2%	158 677 +7%	148 549 -2%	151 459 -1%	153 675 +1%	151 943 -5%	160 129 +5%	152 113 +1%	150 394 -2%	154 037 +1%	152 343 -1%	153 335 +5%	146 307 -1%	148 156 -3%	152 103 0%	152 837 -4%	159 484 -4%	166 642 +1%	164 543 +4%	158 960 -4%	165 866 +0%	165 451 +7%	155 149 -6%	164 558 +3%	159 576 -8%	173 177 +32%	131 182 -1%	132 658 +1%	131 367 N/A

Equity
Common Stock	17 023	17 023	17 023	17 023	17 023	17 023	17 023	17 023	17 023	17 023	17 023	17 023	17 023	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	14 904	13 524	13 524	13 524	13 524	13 524	13 524	13 524	13 524	13 524	13 524	13 524	13 524
Retained Earnings	10 668	9 004	9 755	7 462	5 343	4 305	4 307	3 869	3 805	3 800	4 063	3 936	3 659	3 157	4 093	3 422	2 955	2 682	2 916	2 272	1 901	1 363	1 351	1 201	1 635	1 186	223	1 202	1 277	1 191	12 008	13 282	15 225	17 342	14 635	15 814	15 388	16 340	20 274	21 341
Additional Paid In Capital	28 117	28 117	27 904	28 165	28 165	28 165	28 169	28 113	28 128	28 131	27 991	27 991	27 934	30 145	30 238	30 308	30 305	19 741	17 632	17 632	18 658	18 867	18 756	20 375	19 916	21 472	20 290	20 290	13 772	13 772	13 745	13 745	13 743	13 743	13 737	13 737	13 988	13 988	13 899	13 899
Other Equity	3 093	3 120	4 827	4 831	4 789	4 839	5 887	5 683	5 640	5 719	4 057	4 208	4 288	4 209	2 231	2 382	2 463	2 361	2 469	2 547	2 975	3 035	2 733	2 714	2 254	2 394	71	204	156	187	189	177	198	251	145	163	62	17	66	42
Total Equity	58 901 +3%	57 265 -4%	59 508 +4%	57 480 +4%	55 319 +2%	54 332 -2%	55 386 +1%	54 688 +0%	54 595 0%	54 672 +3%	53 135 0%	53 158 +0%	52 905 +1%	52 415 +2%	51 466 +1%	51 016 +1%	50 627 +28%	39 688 +5%	37 921 +2%	37 356 -3%	38 438 +1%	38 168 +1%	37 744 -4%	39 194 +1%	38 709 -3%	39 956 +13%	35 488 -2%	36 192 +27%	28 418 +0%	28 301 -28%	39 088 -3%	40 375 -5%	42 294 -5%	44 358 +6%	41 751 -3%	42 912 +0%	42 839 -2%	43 835 -8%	47 631 -2%	48 722 N/A

Total Liabilities & Equity	196 623 +2%	192 377 -3%	197 333 +2%	194 112 -1%	196 293 +1%	194 902 0%	195 577 -4%	202 719 -2%	207 859 +2%	203 137 -2%	207 096 0%	208 107 -2%	211 582 +5%	200 965 -1%	202 925 -1%	204 691 +1%	202 570 +1%	199 817 +5%	190 033 +1%	187 750 -2%	192 475 +1%	190 511 0%	191 079 +3%	185 501 -1%	186 865 -3%	192 058 +2%	188 325 -4%	195 676 +0%	195 060 +1%	192 844 -3%	198 048 -4%	206 241 -1%	207 745 +4%	199 507 -3%	206 309 +2%	202 488 -6%	216 016 +23%	175 017 -3%	180 289 +0%	180 089 N/A

Shares Outstanding
Common Shares Outstanding	17B	17B	17B	17B	17B	17B	17B	17B	17B	17B	17B	17B	17B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	14.9B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B	13.5B

Cash Flow Statement

34.5B

Operating Cash Flow

1 Year	126%
3 Years	46%
5 Years	20%

-2.5B

Capital Expenditures

1 Year	40%
3 Years	30%
5 Years	20%

32B

Free Cash Flow

1 Year	190%
3 Years	104%
5 Years	39%

Currency: CNY

	Mar-2022	Dec-2021	Sep-2021	Jun-2021	Mar-2021	Dec-2020	Sep-2020	Jun-2020	Mar-2020	Dec-2019	Sep-2019	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017	Dec-2016	Sep-2016	Jun-2016	Mar-2016	Dec-2015	Sep-2015	Jun-2015	Mar-2015	Dec-2014	Sep-2014	Jun-2014	Mar-2014	Dec-2013	Sep-2013	Jun-2013	Mar-2013	Dec-2012	Sep-2012	Jun-2012
Operating Cash Flow
Cash Taxes Paid	(10 148)	(8 825)	(7 050)	(6 091)	(4 566)	(3 974)	(4 399)	(4 442)	(4 210)	(4 672)	(4 751)	(4 560)	(5 290)	(5 284)	(5 580)	(5 386)	(5 865)	(5 905)	(5 829)	(5 391)	(4 644)	(4 044)	(4 417)	(4 374)	(4 414)	(4 662)	(4 244)	(4 408)	(4 225)	(3 933)	(4 032)	(3 904)	(4 351)	(4 156)	(3 633)	(3 562)	(3 042)	(3 436)	(4 014)	(4 192)
Change in Working Capital	(11 324)	(10 756)	(11 815)	(11 049)	(11 487)	(10 488)	(11 054)	(11 743)	(10 458)	(11 244)	(12 190)	(11 282)	(11 547)	(10 867)	(9 130)	(9 359)	(10 060)	(9 889)	(9 298)	(8 313)	(7 901)	(7 568)	(6 554)	(6 685)	(7 100)	(7 227)	(8 086)	(9 047)	(7 500)	(8 712)	(15 615)	(13 409)	(10 177)	(9 311)	(1 718)	(2 014)	(3 994)	(2 493)	(1 642)	(1 732)
Cash from Operating Activities	34 529 +22%	28 306 +21%	23 384 +27%	18 439 +21%	15 275 +2%	14 929 +8%	13 826 -11%	15 521 +2%	15 220 +21%	12 595 +2%	12 328 +32%	9 370 -16%	11 096 -16%	13 199 -5%	13 874 -7%	14 904 +21%	12 283 -8%	13 351 +8%	12 339 -4%	12 908 -7%	13 842 +20%	11 530 -3%	11 854 +41%	8 436 +10%	7 675 +5%	7 297 -37%	11 589 -3%	11 963 -11%	13 507 -2%	13 819 +23%	11 216 -1%	11 290 +19%	9 497 +15%	8 251 +93%	4 270 -7%	4 599 +123%	2 061 +84%	1 122 N/A	(1 946) +53%	(4 149) N/A

Investing Cash Flow
Capital Expenditures	(2 547)	(2 136)	(3 080)	(2 746)	(4 247)	(5 039)	(7 026)	(7 621)	(8 502)	(9 095)	(8 687)	(7 922)	(7 343)	(6 853)	(6 845)	(8 166)	(8 908)	(9 369)	(8 573)	(8 185)	(7 581)	(6 592)	(7 621)	(8 401)	(8 395)	(9 372)	(9 178)	(8 782)	(8 312)	(8 486)	(8 513)	(8 599)	(8 794)	(9 206)	(9 259)	(9 317)	(9 385)	(9 205)	(8 328)	(8 159)
Other Items	(2 468)	1 315	(4 579)	1 456	4 212	6 924	6 514	(1 839)	(2 264)	(4 404)	(5 998)	(3 331)	(2 319)	1 156	6 480	4 295	5 353	3 626	2 011	2 047	5 996	1 594	2 781	9 049	3 568	11 766	8 445	4 964	9 736	3 565	7 280	6 173	1 763	1 520	(2 773)	(4 118)	(14 656)	(13 948)	(13 726)	(12 375)
Cash from Investing Activities	(5 014) -511%	(820) +89%	(7 659) -494%	(1 289) -3 481%	(36) N/A	1 885 N/A	(512) +95%	(9 460) +12%	(10 766) +20%	(13 499) +8%	(14 685) -31%	(11 252) -16%	(9 661) -70%	(5 696) -1 465%	(364) +91%	(3 870) -9%	(3 555) +38%	(5 743) +12%	(6 563) -7%	(6 141) -287%	(1 585) +68%	(4 999) -3%	(4 842) N/A	648 N/A	(4 829) N/A	2 393 N/A	(732) +81%	(3 818) N/A	1 423 N/A	(4 921) -299%	(1 232) +49%	(2 426) +65%	(7 030) +9%	(7 686) +36%	(12 033) +10%	(13 435) +44%	(24 040) -4%	(23 153) -5%	(22 054) -7%	(20 534) N/A

Financing Cash Flow
Net Issuance of Debt	(10 600)	(7 710)	(5 225)	(14 733)	(13 615)	(10 751)	(13 902)	(4 689)	(3 845)	(4 548)	(3 143)	(4 131)	(1 952)	(9 804)	(11 260)	(9 186)	(10 349)	(7 000)	(9 151)	(5 291)	(5 051)	(3 342)	5 312	(7 706)	(15 437)	(14 286)	(20 168)	(15 212)	(9 213)	(1 559)	(319)	5 723	7 240	8 224	8 504	6 802	20 536	21 890	30 046	33 356
Cash Paid for Dividends	(3 274)	(3 506)	(3 548)	(3 559)	(3 601)	(3 665)	(3 479)	(4 163)	(4 231)	(4 468)	(4 189)	(4 636)	(4 776)	(5 445)	(5 856)	(5 177)	(5 370)	(5 233)	(5 298)	(5 403)	(5 114)	(5 149)	(5 186)	(5 616)	(5 727)	(6 053)	(7 343)	(7 087)	(7 384)	(6 782)	(7 264)	(7 244)	(6 888)	(7 007)	(5 665)	(5 848)	(6 123)	(5 359)	(4 906)	(4 394)
Other	(7 128)	(7 263)	(1 463)	(1 036)	(1 678)	(1 358)	1 578	(690)	(1 199)	(1 458)	(3 715)	(1 935)	(712)	(1 031)	10 278	9 797	6 707	8 834	1 424	3 153	6 527	4 819	2 571	4 642	14 466	14 914	16 413	11 500	4 667	4 325	939	3 130	683	542	7 995	8 286	3 793	3 898	(3 794)	(4 021)
Cash from Financing Activities	(21 001) -14%	(18 478) -81%	(10 236) +47%	(19 327) -2%	(18 894) -20%	(15 773) +0%	(15 801) -66%	(9 542) -3%	(9 276) +11%	(10 474) +5%	(11 048) -3%	(10 703) -44%	(7 440) +54%	(16 281) -138%	(6 839) -50%	(4 566) +49%	(9 013) -165%	(3 399) +74%	(13 025) -73%	(7 541) -107%	(3 637) +1%	(3 672) N/A	2 696 N/A	(8 680) -30%	(6 699) -23%	(5 426) +51%	(11 097) -3%	(10 799) +9%	(11 930) -197%	(4 016) +40%	(6 645) N/A	1 606 +55%	1 035 -41%	1 758 -84%	10 833 +17%	9 240 -49%	18 204 -11%	20 429 -4%	21 346 -14%	24 942 N/A

Change in Cash
Effect of Foreign Exchange Rates	59	74	(126)	(73)	(106)	(88)	18	74	96	21	(41)	(12)	114	57	65	(95)	(305)	(222)	3	73	177	192	(82)	148	116	115	116	(28)	59	6	14	(56)	(67)	(6)	235	195	63	74	(64)	(49)
Net Change in Cash	8 574 -6%	9 082 +69%	5 363 N/A	(2 250) +40%	(3 761) N/A	953 N/A	(2 469) +28%	(3 407) +28%	(4 726) +58%	(11 357) +16%	(13 446) -7%	(12 597) -114%	(5 891) +32%	(8 721) N/A	6 736 +6%	6 373 N/A	(590) N/A	3 987 N/A	(7 246) -934%	(701) N/A	8 797 +188%	3 051 -68%	9 626 +1 644%	552 N/A	(3 737) N/A	4 379 N/A	(124) +95%	(2 682) N/A	3 059 -37%	4 888 +46%	3 353 -68%	10 414 +203%	3 435 +48%	2 317 -30%	3 305 +452%	599 N/A	(3 712) -143%	(1 528) +44%	(2 718) N/A	210 N/A

Free Cash Flow
Free Cash Flow	31 982 +22%	26 171 +29%	20 304 +29%	15 694 +42%	11 028 +12%	9 890 +45%	6 800 -14%	7 900 +18%	6 718 +92%	3 500 -4%	3 641 +151%	1 448 -61%	3 753 -41%	6 346 -10%	7 029 +4%	6 738 +100%	3 375 -15%	3 982 +6%	3 766 -20%	4 723 -25%	6 261 +27%	4 938 +17%	4 233 +11 994%	35 N/A	(720) +65%	(2 075) N/A	2 411 -24%	3 181 -39%	5 195 -3%	5 333 +97%	2 703 +0%	2 691 +283%	703 N/A	(955) +81%	(4 989) -6%	(4 718) +36%	(7 324) +9%	(8 083) +21%	(10 274) +17%	(12 308) N/A

Price	141.66 USD
Intrinsic Value	124.26 USD

Price	2 359.5 USD
Intrinsic Value	2 327.38 USD

Price	170.16 USD
Intrinsic Value	238.33 USD

Price	267.7 USD
Intrinsic Value	217.26 USD

Price	190.85 USD
Intrinsic Value	206.91 USD

Aluminum Corp of China Ltd (NYSE:ACH)

Income Statement

Balance Sheet

Cash Flow Statement

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