BBMG : OVERSEAS REGULATORY ANNOUNCEMENT - ANNOUNCEMENT REGARDING THE PUBLICATION OF 2019 THIRD QUARTER REPORT OF JIDONG CEMENT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

北 京 金 隅 集 團 股 份 有 限 公 司

BBMG Corporation*

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2009)

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT REGARDING THE PUBLICATION OF 2019 THIRD QUARTER REPORT OF JIDONG CEMENT

This announcement is made by BBMG Corporation* (the "Company") pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The controlling subsidiary of the Company, Tangshan Jidong Cement Co., Ltd. ("Jidong Cement"), published the "Jidong Cement 2019 Third Quarter Report" (《冀東水泥 2019 年第三 季度報告》) in China Securities Journal (《中國證券報》), Securities Times (《證券時報》) and the website of CNINFO (www.cninfo.com.cn) (巨潮資訊網) on 24 October 2019.

Please also refer to the relevant major financial statements from the Jidong Cement 2019 Third Quarter Report published on the website of Shanghai Stock Exchange (www.sse.com.cn) by the Company in the attachments to this announcement.

By order of the Board

BBMG Corporation*

Jiang Deyi

Chairman

Beijing, the PRC, 25 October 2019

As at the date of this announcement, the executive directors of the Company are Jiang Deyi, Wu Dong and Zheng Baojin; the non-executive directors of the Company are Guo Yanming and Xue Chunlei; and the independent non-executive directors of the Company are Wang Guangjin, Tian Lihui, Tang Jun and Ngai Wai Fung.

• English translation denotes for identification purposes only
• • 1 -

Attachment：

1 Consolidated Balance Sheet

Prepared by : Tangshan Jidong Cement Co., Ltd.

As at 30 September 2019

Unit and Currency: RMB

Item	30 September 2019	31 December 2018
Current Assets:
Cash and bank balances	7,572,932,993.99	10,383,212,387.86
Settlement reserves
Loans to banks or other financial institutions
Held for trading financial assets		19,200,856.74
Financial assets at fair value through profit or loss
Derivative financial assets
Bills receivable	6,841,533,467.30	11,220,999,353.20
Accounts receivable	2,846,140,456.48	2,352,231,383.92
Accounts receivable financing
Advances to suppliers	986,050,348.29	547,968,353.51
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserve receivable
Other receivables	889,741,200.60	910,453,375.04
Including: Interest receivables
Dividend receivables	13,000,000.00	58,700,000.00
Purchase and sell-back of financial assets
Inventories	2,743,537,059.60	2,512,880,718.22
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets	510,293,291.63	1,085,865,786.91
Total current assets	22,390,228,817.89	29,032,812,215.40
Non-current assets:
Loans and advances
Debt investments
Available-for-sale financial assets
Other debt investments
Long-term receivables
Long-term equity investments	1,714,217,432.09	1,341,842,775.02
Other instruments in equity instruments	326,857,749.91	363,741,755.03
Other non-current financial assets
Investment properties
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Fixed assets	32,471,843,460.77	33,742,075,025.81
Construction in progress	926,805,839.61	534,057,599.48
Productive biological assets
Oil and gas assets
Right-of-use assets	88,273,977.68
Intangible assets	4,824,991,677.52	4,793,573,441.21
Development expenses
Goodwill	311,019,966.71	324,954,233.27
Long-term prepaid expenses	1,122,155,105.06	984,147,895.08
Deferred tax assets	877,908,993.32	765,237,648.04
Other non-current assets	260,323,217.49	357,002,133.87
Total non-current assets	42,924,397,420.16	43,206,632,506.81
Total assets	65,314,626,238.05	72,239,444,722.21
Current liabilities:
Short-term loans	7,382,000,000.00	13,751,240,223.73
Borrowings from central bank
Loans from banks and other financial institutions
Held for trading financial liabilities
Financial liabilities measured at fair value and
whose movements are included in the profit and
loss of the current period
Derivative financial liabilities
Bills payable	454,840,219.28	479,634,477.18
Accounts payable	6,505,167,761.40	9,911,055,215.08
Receipts in advance
Contract liabilities	1,322,144,242.76	970,874,959.13
Financial assets sold for repurchase
Deposits from customers and inter-bank deposits
Amount paid for agency securities trading
Amount paid for agency securities underwriting
Payroll payable	73,457,788.71	137,107,873.74
Taxes payable	800,880,466.04	798,534,786.30
Other payables	4,673,207,749.54	6,154,972,740.26
Including: Interest payables	174,771,450.47	93,362,936.38
Dividend payables	179,973,131.61	21,957,208.66
Fees and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one year	3,907,108,527.22	3,935,304,083.26
Other current liabilities	2,675,111,771.14	433,254,754.21
Total current liabilities	27,793,918,526.09	36,571,979,112.89

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Non-current liabilities:
Insurance contract reserve payable
Long-term loans	1,865,000,000.00	1,110,000,000.00
Bonds payable	1,994,627,534.15	1,712,899,086.87
Including: Preferred
Perpetual
Lease liabilities	78,504,606.66
Long-term payables	2,338,032,089.20	2,508,534,288.89
Long-term payroll payable	14,870,901.32	14,997,872.71
Provisions	266,170,680.56	315,273,710.87
Deferred income	515,157,910.96	532,770,160.51
Deferred income tax liabilities	286,706,089.17	302,769,909.37
Other non-current liabilities
Total non-current liabilities	7,359,069,812.02	6,497,245,029.22
Total liabilities	35,152,988,338.11	43,069,224,142.11
Owners' equity:
Share capital	1,347,522,914.00	1,347,522,914.00
Other equity instruments	2,983,018,867.89	2,982,000,000.00
Including: Preferred
Perpetual	2,983,018,867.89	2,982,000,000.00
Capital reserve	3,960,304,279.46	7,614,567,456.13
Less: Treasury shares
Other comprehensive income	-95,793,837.68	-68,969,961.50
Specific reserve	49,312,543.62	35,692,089.91
Surplus reserve	1,014,639,449.76	1,014,639,449.76
General risk provision
Retained earnings	6,531,369,961.29	4,791,706,075.36
Total equity attributable to owners of the parent	15,790,374,178.34	17,717,158,023.66
company
Minority interests	14,371,263,721.60	11,453,062,556.44
Total owners' equity	30,161,637,899.94	29,170,220,580.10
Total liabilities and owners' equity	65,314,626,238.05	72,239,444,722.21

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2 Consolidated Income Statement

Prepared by: Tangshan Jidong Cement Co., Ltd.

1 July 2019 to 30 September 2019

Unit and Currency: RMB

Item	Amount for the	Amount for the
current period	previous period
I. Total operating revenue	10,175,433,794.33	9,789,215,702.81
Including: Operating revenue	10,175,433,794.33	9,789,215,702.81
Interest income
Premiums earned
Fees and commissions income
II. Total operating costs	7,994,327,809.63	8,197,632,098.76
Including: Operating costs	6,291,954,162.10	6,368,651,510.76
Interest expenses
Fees and commissions expenses
Surrenders
Net compensation expenses
Net insurance contract reserves
Insurance policy dividend expenses
Reinsurance expenses
Business tax and surcharges	151,449,969.66	176,973,641.90
Selling expenses	307,729,117.26	341,418,630.69
Administrative expenses	939,585,575.84	896,810,366.25
Research and development expenses	35,989,640.68	45,764,743.53
Finance costs	267,619,344.09	368,013,205.63
Including: Interest expenses	299,462,610.14	449,764,692.04
Interest income	28,200,706.88	64,457,131.14
Add: Other Gains	196,576,620.18	266,004,563.72
Investment gains ("-" indicating loss)	82,345,366.87	114,017,970.75
Including: Share of profits of associates and	82,318,666.61	101,773,057.71
joint ventures
Derecognition gains on financial
assets measured at amortized cost
Foreign exchange gains ("-" indicating loss)
Net gains from hedging exposure ("-" indicating
loss)
Gains from changes in fair value ("-" indicating		-5,539,611.48
loss)
Credit impairment losses ("-" indicating loss)	-47,962,479.90	-49,911,653.98
Asset impairment losses ("-" indicating loss)	-134,241,320.49	-25,472,064.91
Gain on disposal of assets ("-" indicating loss)	-11,747,484.57	1,720,936.08
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III. Operating profit ("-" indicating loss)	2,266,076,686.79	1,892,403,744.23
Add: Non-operating income	34,365,731.03	26,140,377.84
Less: Non-operating expenses	65,978,064.80	34,301,467.04
IV. Total profit ("-" indicating total loss)	2,234,464,353.02	1,884,242,655.03
Less: Income tax expenses	454,562,569.39	386,087,889.68
V. Net profit ("-" indicating net loss)	1,779,901,783.63	1,498,154,765.35
(1) Classified by continuity of operations
1. Net profit from continuing operations ("-"	1,779,901,783.63	1,498,154,765.35
indicating net loss)
2. Net profit from discontinued operations ("-"
indicating net loss)
(2) Classified by attribution of ownership
1. Net profit attributable to the owners of the	990,341,367.42	896,611,167.42
parent company
2. Gains/losses of minority interests	789,560,416.21	601,543,597.93
VI. Other comprehensive income (net of tax)	-22,385,979.33	-11,299,778.52
Other comprehensive income (net of tax)	-22,385,979.33	-11,299,778.52
attributable to owners of the parent company
(1) Other comprehensive income that will not	-23,791,791.71	-10,983,707.70
be reclassified into profit or loss subsequently
1. Changes arising from re-measurement of
net liabilities or net assets of defined benefit plans
2. Share of other comprehensive income
(that will not be reclassified to profit or loss) of
investees accounted for using equity method
3. Changes in fair value arising from other	-23,791,791.71	-10,983,707.70
equity instruments investments
4. Changes in fair value arising from the
enterprise's credit risk
5. Others
(2) Other comprehensive income that will be	1,405,812.38	-316,070.82
reclassified to profit or loss
1. Comprehensive income (that will be
reclassified to profit or loss) accounted for using	1,405,812.38	-316,070.82
equity method
2. Gains or losses arising from changes in
fair value of other debt investments
3. Gains or losses arising from changes in
fair value of available-for-sale financial assets
4. Amount of financial assets reclassified to
other comprehensive income
5. Gains or losses on reclassification of held-
to-maturity investment to available-for-sale
financial assets
- 6 -

6.	Credit impairment arising from other debt
investments
7.	Hedging reserve arising from cash flows
hedging
8.	Exchange differences on foreign currency
translation
9.	Others
Other comprehensive income (net of tax)
attributable to minority interests
VII. Total comprehensive income		1,757,515,804.30	1,486,854,986.83
Total comprehensive	income attributable to	the	967,955,388.09	885,311,388.90
owners of the parent company
Total comprehensive	income attributable	to	789,560,416.21	601,543,597.93
minority interests
VIII. Earnings per share:
(1) Basic earnings per share (RMB/share)		0.697	0.665
(2) Diluted earnings per share (RMB/share)		0.697	0.665

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3 Consolidated Income Statement

Prepared by: Tangshan Jidong Cement Co., Ltd.

1 January 2019 to 30 September 2019

Unit and Currency: RMB

Item	Amount for the	Amount for the
current period	previous period
I. Total operating revenue	26,253,578,580.46	22,633,198,839.26
Including: Operating revenue	26,253,578,580.46	22,633,198,839.26
Interest income
Premiums earned
Fees and commissions income
II. Total operating costs	21,458,611,923.17	19,705,177,348.33
Including: Operating costs	16,361,395,744.81	14,522,163,349.62
Interest expenses
Fees and commissions expenses
Surrenders
Net compensation expenses
Net insurance contract reserves
Insurance policy dividend expenses
Reinsurance expenses
Business tax and surcharges	397,176,118.27	432,791,864.71
Selling expenses	899,785,020.60	800,314,827.71
Administrative expenses	2,790,481,758.75	2,838,043,540.19
Research and development expenses	100,238,882.63	65,992,626.25
Finance costs	909,534,398.11	1,045,871,139.85
Including: Interest expenses	954,797,340.53	1,118,854,235.86
Interest income	63,606,918.24	82,468,435.98
Add: Other Gains	508,744,552.10	539,607,012.77
Investment gains ("-" indicating loss)	278,582,401.19	211,001,083.09
Including: Share of profits of associates and	289,242,315.34	197,967,465.64
joint ventures
Derecognition gains on financial
assets measured at amortized cost
Foreign exchange gains ("-" indicating loss)
Net gains from hedging exposure ("-" indicating
loss)
Gains from changes in fair value ("-" indicating	10,795,338.76	-7,276,608.30
loss)
Credit impairment losses ("-" indicating loss)	-68,669,134.54	-25,578,216.85
Asset impairment losses ("-" indicating loss)	-136,281,961.57	-31,490,179.32
Gain on disposal of assets ("-" indicating loss)	-1,355,651.16	10,914,992.72
- 8 -

III. Operating profit ("-" indicating loss)	5,386,782,202.07	3,625,199,575.04
Add: Non-operating income	51,570,817.30	37,518,896.17
Less: Non-operating expenses	75,840,306.31	43,438,715.68
IV. Total profit ("-" indicating total loss)	5,362,512,713.06	3,619,279,755.53
Less: Income tax expenses	1,040,740,369.83	747,068,445.24
V. Net profit ("-" indicating net loss)	4,321,772,343.23	2,872,211,310.29
(1) Classified by continuity of operations
1. Net profit from continuing operations ("-"	4,321,772,343.23	2,872,211,310.29
indicating net loss)
2. Net profit from discontinued operations ("-"
indicating net loss)
(2) Classified by attribution of ownership
1. Net profit attributable to the owners of the	2,469,970,247.10	1,816,642,903.66
parent company
2. Gains/losses of minority interests	1,851,802,096.13	1,055,568,406.63
VI. Other comprehensive income (net of tax)	-26,823,876.18	-180,694,599.68
Other comprehensive income (net of tax)	-26,823,876.18	-181,056,542.81
attributable to owners of the parent company
(1) Other comprehensive income that will not	-27,663,003.84	-136,687,783.68
be reclassified into profit or loss subsequently
1. Changes arising from re-measurement of
net liabilities or net assets of defined benefit plans
2. Share of other comprehensive income
(that will not be reclassified to profit or loss) of
investees accounted for using equity method
3. Changes in fair value arising from other	-27,663,003.84	-136,687,783.68
equity instruments investments
4. Changes in fair value arising from the
enterprise's credit risk
5. Others
(2) Other comprehensive income that will be	839,127.66	-44,368,759.13
reclassified to profit or loss
1. Comprehensive income (that will be
reclassified to profit or loss) accounted for using	839,127.66	-44,368,759.13
equity method
2. Gains or losses arising from changes in
fair value of other debt investments
3. Gains or losses arising from changes in
fair value of available-for-sale financial assets
4. Amount of financial assets reclassified to
other comprehensive income
5. Gains or losses on reclassification of held-
to-maturity investment to available-for-sale
financial assets
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6. Credit impairment arising from other debt
investments
7. Hedging reserve arising from cash flows
hedging
8. Exchange differences on foreign currency
translation
9. Others
Other comprehensive income (net of tax)			361,943.13
attributable to minority interests
VII. Total comprehensive income		4,294,948,467.05	2,691,516,710.61
Total comprehensive	income attributable to	the	2,443,146,370.92	1,635,586,360.85
owners of the parent company
Total comprehensive	income attributable	to	1,851,802,096.13	1,055,930,349.76
minority interests
VIII. Earnings per share:
(1) Basic earnings per share (RMB/share)
(2) Diluted earnings per share (RMB/share)

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4 Consolidated Statement of Cash Flows

Prepared by: Tangshan Jidong Cement Co., Ltd.

1 January 2019 to 30 September 2019

	Unit and Currency: RMB
Item	Amount for the current	Amount for the previous
period	period
I. Cash flows from operating activities:
Cash received from sale of goods and	20,605,612,532.55	16,286,125,930.05
rendering of services
Net increase in deposits from customers and
inter-bank deposits
Net increase in borrowings from central
bank
Net increase in loans from other financial
institutions
Cash received as premiums of original
insurance contracts
Net cash received from reinsurance business
Net increase in policy holder deposits and
investment
Net increase in disposal of financial assets at
fair value through profit or loss
Cash received from interests, fees and
commissions
Net increase in loans from banks and other
financial institutions
Net increase in capital from repurchase
business
Refund of taxes and levies	394,264,212.26	371,449,302.07
Cash received from other operating activities	585,142,665.25	689,249,854.99
Subtotal of cash inflows from operating	21,585,019,410.06	17,346,825,087.11
activities

- 11 -

Cash paid	for	purchasing	goods	and	9,521,752,499.19	7,346,298,776.58
receiving services
Net increase in customers' loans and
advances
Net increase in deposits in central bank and
inter-bank deposits
Cash paid for compensation payout under
original insurance contracts
Cash paid for interests, fees and
commissions
Cash paid for policy dividends
Cash paid	to	and	for	the	benefit	of	2,207,264,939.91	1,998,394,775.02
employees
Taxes and levies paid						3,093,904,856.66	2,532,879,708.98
Cash paid for other operating activities		965,617,645.28	1,581,109,806.13
Subtotal of cash outflows from operating	15,788,539,941.04	13,458,683,066.71
activities
Net cash	flows	arising	from	operating	5,796,479,469.02	3,888,142,020.40
activities
II. Cash flows from investing activities:
Cash received	from	redemption	of	34,867,041.76
investments
Cash received from return on investments	356,861,633.63	186,734,088.50
Net cash received from disposal of fixed
assets, intangible assets and other long-term	39,390,879.17	82,465,931.20
assets
Net cash	received	from	disposal	of	714,390,486.33	62,299,744.28
subsidiaries and other business entities
Cash received from other investing activities	41,400,000.00	119,961,872.44
Subtotal of cash	inflows	from	investing	1,186,910,040.89	451,461,636.42
activities
Cash paid	for	acquisition	of	fixed assets,	675,343,180.09	474,674,432.42
intangible assets and other long-term assets
Cash paid for investments					20,810,000.00	53,286,500.00
Net increase in pledged loans
Net cash paid for acquisition of subsidiaries	1,573,621,837.56	869,900.00
and other business entities
Cash paid for other investing activities		46,014.41	244,000.00
Subtotal of cash outflows from investing	2,269,821,032.06	529,074,832.42
activities
Net cash	flows	arising	from	investing	-1,082,910,991.17	-77,613,196.00
activities

- 12 -

III. Cash flows from financing activities:
Cash received from capital contributions	3,754,000.00
Including:	Cash received	by	subsidiaries	3,754,000.00
from investments of minority interests
Cash received from borrowings				11,908,253,800.00	17,804,790,305.29
Cash received from other financing activities	5,000,084,021.57	710,927,189.92
Subtotal	of cash inflows	from	financing	16,912,091,821.57	18,515,717,495.21
activities
Cash paid for debts settlement				19,938,115,508.29	17,183,703,439.71
Cash paid for the distribution of dividends,	2,303,150,392.74	1,514,227,770.29
profits or interest payments
Including: Dividends	and	profits paid by	1,629,484,060.22	271,702,709.58
subsidiaries to minority interests
Cash paid for other financing activities		1,872,399,916.66	3,048,212,046.96
Subtotal of cash outflows from financing	24,113,665,817.69	21,746,143,256.96
activities
Net	cash	flows arising	from	financing	-7,201,573,996.12	-3,230,425,761.75
activities
IV. Effects of exchange rate fluctuations
on cash and cash equivalents
V.	Net	increase	in	cash	and	cash	-2,488,005,518.27	580,103,062.65
equivalents
Add: Opening balance	of	cash	and	cash	9,773,167,251.13	6,205,052,873.09
equivalents
VI. Closing balance	of	cash		and	cash	7,285,161,732.86	6,785,155,935.74
equivalents

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