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Consolidated Statement of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2016
CNY (¥)
Operating activities        
Profit before tax $ 176,538 ¥ 1,181,067 ¥ 1,514,028 [1] ¥ 896,232 [1]
Adjustments:        
Amortization of prepaid operating leases 1,902 12,724 12,366 [1] 12,819 [1]
Bad debt written off/(recovered) (16) (108) 10 [1]  
Cost of share-based payments   1,592 [1] 5,301 [1]
Depreciation of property, plant and equipment 62,821 420,277 431,567 [1] 465,093 [1]
Depreciation of investment property 132 884 248 [1] 248 [1]
Dividend income from quoted equity securities (298) (1,992) (2,532) [1] (943) [1]
Exchange (gain)/loss 633 4,235 (8,319) [1] (3,407) [1]
Fair value loss/(gain) on foreign exchange forward contract (677) (4,529)   140 [1]
Fair value loss/(gain) on quoted equity securities 513 3,433 (12,768) [1] 243 [1]
Finance costs 16,904 113,088 100,439 [1] 79,683 [1]
Loss/(gain) on disposal of:        
- associate   (199) [1]  
- joint venture   (107,976) [1]  
- property, plant and equipment (1,321) (8,835) (11,668) [1] 14,020 [1]
- subsidiaries   (216,115) [1]  
Government grants (4,819) (32,237) (28,035) [1] (36,533) [1]
Interest income (22,009) (147,244) (105,421) [1] (56,983) [1]
Impairment losses on intangible asset   40,000 [1] 1,131 [1]
Impairment losses on property, plant and equipment 4,510 30,173 20,845 [1] 3,297 [1]
Impairment losses/(reversal of impairment losses) on trade receivables, net (1,652) (11,052) (10,854) [1] 3,696 [1]
Property, plant and equipment written off 189 1,265 5,682 [1] 5 [1]
Share of loss/(profit) of associates and joint ventures, net of tax (1,739) (11,634) (10,054) [1] 3,612 [1]
Reversal of write-down of inventories, net (1,266) (8,468) (19,901) [1] (5,171) [1]
Write-back of trade and other payables   (29) [1]  
Profit before tax after adjustments 230,345 1,541,047 1,592,906 [1] 1,382,483 [1]
Changes in working capital        
Decrease/(increase) in inventories 7,105 47,533 (897,437) [1] 55,299 [1]
Decrease/(increase) in trade and other receivables (75,047) (502,069) 81,121 [1] 122,192 [1]
Increase/(decrease) in trade and other payables and contract liabilities (34,298) (229,457) 846,175 [1] 849,134 [1]
Decrease in development properties 629 4,205 377 [1]  
Cash flows from operating activities 128,734 861,259 1,623,142 [1] 2,409,108 [1]
Income taxes paid (28,499) (190,658) (202,975) [1] (133,021) [1]
Net cash flows from operating activities 100,235 670,601 1,420,167 [1] 2,276,087 [1]
Investing activities        
Additional investment in subsidiaries [1]     (8,279) (9,076)
Additional investment in associates and joint ventures [1]     (75,000) (1,255)
Development costs (26,999) (180,626)    
Dividend received from:        
- quoted equity securities 298 1,992 2,532 [1] 943 [1]
- joint ventures 120 801 754 [1] 598 [1]
Interest received 21,490 143,768 108,481 [1] 56,734 [1]
Proceeds from disposal of:        
- associate [1]     1,832  
- joint venture [1]     182,679  
- property, plant and equipment 997 6,669 15,640 [1] 667 [1]
- subsidiaries, net of cash disposed [1]     341,602  
Proceeds from government grants 42,779 286,198 50,095 [1] 13,639 [1]
Purchase of property, plant and equipment (60,948) (407,747) (289,472) [1] (351,472) [1]
Placement/(withdrawal) of fixed deposits with banks, net 10,307 68,953 (254,294) [1] (282,809) [1]
Net cash flows (used in)/from investing activities (11,956) (79,992) 76,570 [1] (572,031) [1]
Dividends paid to:        
- equity holders of the parent (89,305) (597,459) (235,947) [1] (118,193) [1]
- non-controlling interests (19,814) (132,558) (97,009) [1] (87,975) [1]
Interest paid and discounting on bills receivable (16,149) (108,039) (107,246) [1] (110,774) [1]
Payment of finance lease liabilities (5) (33) (38) [1] (61) [1]
Proceeds from:        
- borrowings 298,997 2,000,320 1,814,618 [1] 1,255,659 [1]
- issue of shares [1]     6,617  
Withdrawal of fixed deposits pledged with banks for banking facilities [1]       300,564
Repayment of borrowings (240,917) (1,611,756) (1,100,133) [1] (2,793,206) [1]
Net cash flows (used in)/from financing activities (67,193) (449,525) 280,862 [1] (1,553,986) [1]
Net increase in cash and cash equivalents 21,086 141,084 1,777,599 [1] 150,070 [1]
Cash and cash equivalents, beginning balance 805,717 5,390,324 [1] 3,653,914 [1] 3,474,364 [1]
Effect of exchange rate changes on balances in foreign currencies 4,259 28,482 (41,189) [1] 29,480 [1]
Cash and cash equivalents, ending balance 831,062 5,559,890 5,390,324 [1] 3,653,914 [1]
Significant non-cash investing and financing transactions        
Settlement of debts with trade bills $ 2,094,000 ¥ 14,010,200 ¥ 14,696,000 [1] ¥ 12,203,000 [1]
[1] Restated