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INCOME TAX EXPENSE - Reconciliation of tax (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Reconciliation of income tax expense (benefit)        
Profit before income tax   ¥ 2,155,217 ¥ 2,118,961 ¥ 2,272,555
Tax expense calculated at the statutory tax rate of 25%(2019: 25%, 2018: 25%)   538,804 529,740 568,139
Preferential income tax rates applicable to certain branches and subsidiaries   (357,016) (464,912) (268,665)
Impact of change in income tax rate   (52,177) 4,594 23,425
Tax losses with no deferred tax assets recognised   477,876 588,267 434,103
Deductible temporary differences with no deferred tax assets recognised   146,276 41,695 384,072
Utilisation of previously unrecognised tax losses and deductible temporary differences   (73,779) (18,105) (52,962)
Tax incentive in relation to deduction of certain expenses   (42,958) (50,921) (62,172)
Non-taxable income     (173,686) (252,500)
Expenses not deductible for tax purposes   52,261 56,448 54,959
Write-off of unrecoverable deferred tax assets previously recognised   41,757 187,432 183,195
Profits and losses attributable to joint ventures and associates   (70,577) (79,720) 40,029
Recognition of deferred tax assets related to deductible temporary differences and tax losses previously not recognized   (61,987) (3,868) (233,940)
Adjustments in respect of current income tax of previous periods   (16,292) 11,412 8,683
Income tax expense $ 89,224 ¥ 582,188 ¥ 628,376 ¥ 826,366
Effective tax rate 27.00% 27.00% 30.00% 36.00%
Applicable tax rate 25.00% 25.00% 25.00% 25.00%