Earnings per share

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Earnings per share

18 Earnings per share

The calculation of basic earnings per share for the year ended December 31, 2019 is based on the profit attributable to equity shareholders of the Company of RMB2,640 million (2018: RMB2,895 million; 2017: RMB5,961 million) and the weighted average of 12,267,172,286 shares in issue during the year (2018: 10,718,916,979 shares; 2017: 9,923,585,348 shares ).

	2019		2018		2017
	million		million		million
Issued ordinary shares at January 1		12,267		10,088		9,818
Effect of issuance of A shares		—		450		—
Effect of issuance of H shares		—		181		106
Weighted average number of ordinary shares at December 31		12,267		10,719		9,924

The amounts of diluted earnings per share are the same as basic earnings per share as there were no dilutive potential ordinary shares in existence for the years ended December 31, 2019, 2018 and 2017.