NON - CONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2020

PARTLY-OWNED SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS

Schedule of Group's subsidiaries that have material non-controlling interests

	December 31, 2019		December 31, 2020
Percentage of equity interest held by non-controlling interests
Ningxia Energy	29.18	%	29.18	%
Shanxi Zhongrun	56.61	%	60.00	%
Guizhou Huaren	60.00	%	60.00	%
Profit for the year allocated to non-controlling interests
Ningxia Energy	240,504		48,040
Shanxi Zhongrun	69,701		147,747
Guizhou Huaren	198,016		420,737
Dividends distributed to non-controlling interests
Ningxia Energy	76,469		—
Shanxi Zhongrun	—		—
Guizhou Huaren	—		—
Accumulated balances of non-controlling interests at the year ended
Ningxia Energy	4,978,089		5,178,314
Shanxi Zhongrun	996,686		1,277,602
Guizhou Huaren	1,028,426		1,359,716

Ningxia Energy

PARTLY-OWNED SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS

Summarized financial information of subsidiaries

	Ningxia Energy
	2019	2020
Revenue	6,695,724	6,932,708
Total expenses	6,314,098	6,768,073
Profit for the year	381,626	164,635
Total comprehensive income for the year	381,626	164,635
Current assets	5,081,743	6,037,632
Non-current assets	32,133,495	31,242,070
Current liabilities	8,688,475	9,779,461
Non-current liabilities	17,559,995	16,256,073
Net cash flows from operating activities	3,274,683	2,617,463
Net cash flows used in investing activities	(939,054)	(652,297)
Net cash flows used in financing activities	(2,611,597)	(1,792,661)
Effect of foreign exchange rate changes, net	—	—
Net increase/(decrease) in cash and cash equivalents	(275,968)	172,505

Shanxi Zhongrun

PARTLY-OWNED SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS

Summarized financial information of subsidiaries

	Shanxi Zhongrun
	2019	2020
Revenue	2,204,777	3,561,831
Total expenses	2,081,652	3,315,585
Profit for the year	123,125	246,246
Total comprehensive income for the year	123,125	246,246
Current assets	783,726	643,121
Non-current assets	4,010,818	4,138,211
Current liabilities	1,084,890	2,595,397
Non-current liabilities	2,093,735	45,365
Net cash flows from operating activities	234,014	418,528
Net cash flows used in investing activities	(402,636)	(188,504)
Net cash flows from/used in financing activities	307,452	(404,548)
Effect of foreign exchange rate changes, net	—	—
Net (decrease)/increase in cash and cash equivalents	138,830	(174,524)

Guizhou Huaren

PARTLY-OWNED SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS

Summarized financial information of subsidiaries

	Guizhou Huaren
	2019	2020
Revenue	5,982,665	6,094,811
Total expenses	5,677,075	5,393,582
Profit for the year	305,590	701,229
Total comprehensive income for the year	305,590	701,229
Current assets	1,034,442	1,610,363
Non-current assets	2,650,822	2,601,807
Current liabilities	1,164,346	1,003,650
Non-current liabilities	1,006,360	932,570
Net cash flows from operating activities	565,027	992,304
Net cash flows used in investing activities	(91,319)	(27,475)
Net cash flows used in financing activities	(354,187)	(612,892)
Effect of foreign exchange rate changes, net	—	—
Net increase in cash and cash equivalents	119,521	351,937