BALANCE SHEETS

Assets
ASSETS 2019 2020
CURRENT ASSETS 112,985,177,550 125,221,554,279
Cash and cash equivalents 18,012,704,619 21,935,504,405
Short-term financial investments 0 0
Accounts receivable – short-term 47,435,284,146 54,707,133,217
Inventories 34,706,274,762 36,242,585,618
Other current assets 12,830,914,023 12,336,331,039
LONG-TERM ASSETS 499,319,125,474 415,418,260,136
Fixed assets 472,254,781,761 382,976,267,815
Investment property 413,979,660 6,298,854,633
Long-term work in progress 763,686,291 819,936,291
Long-term financial investments 4,308,029,805 4,336,924,005
Other long-term assets 21,578,647,957 20,986,277,392
TOTAL ASSETS 612,304,303,024 540,639,814,415

Liabilities
2019 2020
LIABILITIES 549,232,307,900 476,180,889,293
Current liabilities 260,002,510,346 270,398,755,191
Long-term liabilities 289,229,797,554 205,782,134,102

Equity
2019 2020
EQUITY 63,071,995,124 64,458,925,122
TOTAL (̣L+E) 675,376,298,148 605,098,739,537
 2021
353,945,607,414
178,500,846,810
40,000,000,000
60,897,430,886
43,486,569,667
31,060,760,051
359,955,157,266
306,509,733,605
5,424,942,921
1,030,015,564
121,679,205
46,868,785,971
713,900,764,680

2021
471,617,122,782
380,545,803,948
91,071,318,834

2021
242,282,881,294
713,900,004,076
 2019
Revenue from goods sales & services rendered 697,653,441,344
Revenue deductions -
Net revenue 697,653,441,344
Cost of sales 667,915,823,257
Gross profit 29,737,618,087
Net financial expenses 22,952,176,543
Selling expenses 10,929,779,749
Administrative expenses 23,679,986,174
Other profits 55,370,295,677
Pre-tax profit 29,273,101,738
Corporate income tax -
After-tax profit 29,273,101,738
Profit of shareholder as holding company 1,464
 2020 2021
513,360,277,529 853,340,639,215
- -
513,360,277,529 853,340,639,215
518,398,104,396 632,286,811,468
-5,037,826,867 221,053,827,747
22,963,348,156 22,829,985,559
7,310,796,826 22,335,950,007
19,653,288,405 34,369,716,184
54,659,667,711 23,756,315,689
1,402,969,844 180,920,943,684
16,039,846 3,096,987,512
1,386,929,998 177,823,956,172
69 8,891
 CASH FLOWS FROM OP

Profit before tax

Adjustments for
Depreciation and amortisation
Allowances and provisions
Exchange losses arising from revaluation of monetary currencies
Profits from investing activities
Interest expense
Other adjustments

Operating profit before changes in working capital

Change in receivables
Change in inventories
Change in payables and other liabilities
Change in prepaid expenses

Interest paid
Income tax paid
Other payments for operating activities

Net cash flows from operating activities

CASH FLOWS FROM INVESTING ACTIVITI

Payments for additions to fixed assets

and other long-term assets
Proceeds from disposals of fixed assets
and other long-term assets
Payments for purchase of debt
instruments of other entities
Receipts from collecting loans, sales of
debt instruments of other entities
Collections on investments in other entities
Receipts of interests on term deposits and loans
Net cash flows from investing activities
 CASH FLOWS FROM FINANCING

Proceeds from equity issued, capital contributed by

non-controlling shareholders
Proceeds from borrowings
Payments to settle loan principals
Payments of dividends

Net cash flows from financing activities

Net cash flows during the year (1)
(= CFF+CFI+CFO)
Cash and cash equivalents at the
beginning of the year (2)
Effect of exchange rate fluctuations on
cash and cash equivalents (3)

Cash and cash equivalents at the

end of the year (=(1)+(2)+(3))
 CASH FLOWS FROM OPERATING ACTIVITIES
2019
29,273,101,738

-
-
netary currencies
-
-
-

capital
-
-
-
-

-4,863,165,549
-
-31,213,894,677

35,307,811,151

OWS FROM INVESTING ACTIVITIES

2019 2020 2021

-2,273,460,423 -4,101,467,618 -7,431,931,932

19,190,363,637 26,241,181,818 -

- - -80,000,000,000

- - 40,000,000,000
- - 15,710,310,728
39,086,142 37,885,136 608,735,076
16,955,989,356 22,177,599,336 31,569,114,128
CASH FLOWS FROM FINANCING ACTIVITIES
2019 2020
d by
- -
15,390,000,000 3,420,000,000
-76,787,975,171 -29,377,024,829
-500,000,000 -1,721,233,412

-61,897,975,171 -27,678,258,241

9,634,174,664 3,956,850,803

27,652,496,804 18,012,704,619

5,617,521 34,051,017

18,012,704,619 21,935,504,405
 2020 2021
1,402,969,844 180,920,943,684

85,559,178,791 86,915,042,408
343,216,130 -1,223,992,630
-1,372,466,774 -2,806,768,752
-26,279,066,954 -10,995,859,997
22,161,613,839 20,851,215,090
-28,924,269,056 -24,767,043,813

52,891,175,820 248,893,535,990
-6,025,556,403 27,897,930,709
-1,536,310,856 7,243,984,049
-28,468,611,468 47,064,549,533
1,344,081,739 -27,150,215,700

-8,170,657,124 -7,959,741,449
- -92,655,880
-641,900,000 -576,612,000

9,457,509,708 224,971,657,736
 2021

-
4,190,000,000
-40,290,000,000
-113,730,000

-36,213,730,000

157,188,813,608

21,935,504,405

624,231,807

178,500,086,206
Vertical Common Size:
2019
Revenue from goods sales & services rendered 697,653,441,344
Revenue deductions
Net revenue 697,653,441,344
Cost of sales 667,915,823,257
Gross profit 29,737,618,087
Net financial expenses 22,952,176,543
Selling expenses 10,929,779,749
Administrative expenses 23,679,986,174
Other profits 55,370,295,677
Pre-tax profit 29,273,101,738
Corporate income tax 0
After-tax profit 29,273,101,738
Proft of shareholder as holding company 1,464
 2020 2021
100.00% 513,360,277,529 100.00% 853,340,639,215

100.00% 513,360,277,529 100.00% 853,340,639,215

95.74% 518,398,104,396 100.98% 632,286,811,468
4.26% -5,037,826,867 -0.98% 221,053,827,747
3.29% 22,963,348,156 4.47% 22,829,985,559
1.57% 7,310,796,826 1.42% 22,335,950,007
3.39% 19,653,288,405 3.83% 34,369,716,184
7.94% 54,659,667,711 10.65% 23,756,315,689
4.20% 1,402,969,844 0.27% 180,920,943,684
0.00% 16,039,846 0.00% 3,096,987,512
4.20% 1,386,929,998 0.27% 177,823,956,172
0.00% 69 0.00% 8,891
Horizontal

Revenue from goods sales & services rendered

Revenue deductions
Net revenue
Cost of sales
Gross profit
Net financial expenses
Selling expenses
Administrative expenses
Other profits
Pre-tax profit
Corporate income tax
After-tax profit
Proft of shareholder as holding company
 2019 2019-2020
697,653,441,344 -184,293,163,815 -26.42%
- - -
697,653,441,344 -184,293,163,815 -26.42%
667,915,823,257 -149,517,718,861 -22.39%
29,737,618,087 -34,775,444,954 -116.94%
22,952,176,543 11,171,613 0.05%
10,929,779,749 -3,618,982,923 -33.11%
23,679,986,174 -4,026,697,769 -17.00%
55,370,295,677 -710,627,966 -1.28%
29,273,101,738 -27,870,131,894 -95.21%
- #VALUE! #VALUE!
29,273,101,738 -27,886,171,740 -95.26%
1,464 -1,395 -95.29%
 2020 2020-2021
513,360,277,529 339,980,361,686 66.23%
-% - -%
513,360,277,529 339,980,361,686 66.23%
518,398,104,396 113,888,707,072 21.97%
-5,037,826,867 226,091,654,614 -4487.88%
22,963,348,156 -133,362,597 -0.58%
7,310,796,826 15,025,153,181 205.52%
19,653,288,405 14,716,427,779 74.88%
54,659,667,711 -30,903,352,022 -56.54%
1,402,969,844 179,517,973,840 12795.57%
16,039,846 3,080,947,666 19208.09%
1,386,929,998 176,437,026,174 12721.41%
69 8,822 12785.51%
 2021
853,340,639,215
-
853,340,639,215
632,286,811,468
221,053,827,747
22,829,985,559
22,335,950,007
34,369,716,184
23,756,315,689
180,920,943,684
3,096,987,512
177,823,956,172
8,891