GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO.,LTD.
THE REPORT FOR THE FIRST QUARTER OF 2022
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,supervisors and senior management of Guangdong Dongfang Precision Science & Technology Co., Ltd.(hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy, and completeness of thecontents of this Report, and shall be jointly and severally liable for any misrepresentations, misleadingstatements, or material omissions therein.
2. The Company’s legal representative, the Company’s Chief Financial Officer, and the person-in-chargeof the accounting organ hereby guarantee that the financial statements carried in this Report are factual,accurate and complete.
3. Whether the 1
stquarter report has been audited
□ Yes √ No
The report for the first quarter of 2022 of the Company has been prepared and released inChinese, and now has been translated into English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail.
I Key Financial Information
1. Key Financial Data and Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□ Yes √ No
| Q1 2022 | Q1 2021 | Rate of Change | |
| Operating revenue (RMB) | 636,006,580.11 | 636,432,223.23 | -0.07% |
| Net profit attributable to the listed company’s shareholders (RMB) | 37,109,411.15 | 64,628,103.90 | -42.58% |
| Net profit attributable to the listed company’s shareholders before non-recurring profit and loss (RMB) | 45,662,017.31 | 51,969,185.59 | -12.14% |
| Net cash generated from/used in operating activities (RMB) | 85,523,348.92 | 57,536,376.72 | 48.64% |
| Basic earnings per share (RMB / share) | 0.03 | 0.04 | -25.00% |
| Diluted earnings per share (RMB /share) | 0.03 | 0.04 | -25.00% |
| Weighted average return on equity (ROE) | 1.02% | 1.09% | -0.07% |
| Ending balance Of the Reporting Period | Beginning balance Of the Reporting Period | Rate of Change | |
| Total assets (RMB) | 6,318,576,429.21 | 6,357,168,835.19 | -0.61% |
| Equity attributable to the listed company’s shareholders (RMB) | 3,627,044,948.10 | 3,681,970,298.39 | -1.49% |
2. Non-recurring profit and loss items and amount
√ Applicable □ Not applicable
Unit: RMB
| Item | Q1 2022 | Notes |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | 0.00 | |
| Government grants through profit or loss (exclusive of government grants given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s uniform standards) | 3,455,142.45 | |
| Gain or loss on fair-value changes on held-for-trading and derivative financial assets and liabilities & income from disposal of held-for-trading and derivative financial assets and liabilities and other debt investments (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business) | -12,551,551.61 | |
| Non-Operating Revenue and expenses other than the above | 156,741.04 | |
| Less: Income tax effects | -723,225.74 | |
| Non-controlling interests effects (net of tax) | 336,163.78 | |
| Total | -8,552,606.16 | -- |
Other items that meet the definition of non-recurring profit and loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Note of the reclassification of non-recurring items of profit or loss listed in "Explanatory Announcement No. 1 on Disclosure of Information by Companies Issuing Public Securities -Non-recurring Profit or Loss" as recurring items of profit or loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
3. Changes in Key Financial Data and Indicators and the Reasons
√Applicable □ Not applicable
Unit: RMB
(1) Balance sheet items
| Items | Ending balance Of the Reporting Period | Beginning balance Of the Reporting Period | Amount of Change | Rate of Change | Notes |
| Prepayments | 58,376,799.26 | 34,177,802.36 | 24,198,996.90 | 70.80% | Mainly due to the increase in purchases in the current period. |
| Inventories | 1,010,107,537.55 | 867,280,013.47 | 142,827,524.08 | 16.47% | Mainly due to the increase in orders in the current period. |
| Other receivables | 123,944,579.87 | 71,363,166.84 | 52,581,413.03 | 73.68% | Mainly due to the launch of the equity investment and the initial payment of the related investment |
| Current portion of non-current assets | 3,308,500.00 | 108,385,000.00 | -105,076,500.00 | -96.95% | Manly due to the redemption of large-denomination certificates of deposit due within one year in the current period. |
| Other non-current financial assets | 269,541,352.29 | 162,523,519.41 | 107,017,832.88 | 65.85% | Mainly due to the business related to co-investment with some professional investment institutions undertaken by the subsidiary during the period. |
| Construction in progress | 21,533,825.15 | 12,298,259.58 | 9,235,565.57 | 75.10% | Mainly due to the investment in the construction of factory buildings in the current period. |
| Contract liabilities | 602,121,242.89 | 405,842,932.51 | 196,278,310.38 | 48.36% | Mainly due to the increase in orders in the current period. |
| Tax payable | 42,402,724.66 | 60,701,346.24 | -18,298,621.58 | -30.15% | Mainly due to the payment of taxes and fees in the current period. |
| Other payables | 71,256,086.28 | 100,018,273.09 | -28,762,186.81 | -28.76% | Mainly due to the payment of some expenses that have been accrued in the previous period in the current period. |
(2) Income statement items
| Items | Q1 2022 | Q1 2021 | Amount of Change | Rate of Change | Notes |
| Finance costs | -5,516,912.35 | -2,337,549.85 | -3,179,362.50 | -136.01% | Mainly due to the effective management of funds in the current period and the exchange gains from the exchange |
Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
| rates fluctuations. | |||||
| Investment income | -4,249,447.63 | 37,814,460.29 | -42,063,907.92 | -111.24% | Mainly due to the decrease in the investment income recognized by securities investment in the current period. |
| Gain/loss on changes in fair value | -8,257,489.80 | -14,286,064.93 | 6,028,575.13 | 42.20% | Mainly due to the decrease in fair value recognized in securities investment in the current period. |
(3) Cash flow statement items
| Items | Q1 2022 | Q1 2021 | Amount of Change | Rate of Change | Notes | |
| Net cash generated from/used in operating activities | 85,523,348.92 | 57,536,376.72 | 27,986,972.20 | 48.64% | Mainly due to the increase in sales and collections in the current period and the increase in advance receipts for new orders. | |
| Net cash generated from/used in investing activities | -2,853,044.36 | 506,133,874.10 | -508,986,918.46 | -100.56% | Mainly due to the redemption of securities investment in the current period. | |
| Net cash generated from/used in financing activities | 19,572,369.24 | -110,000,975.49 | 129,573,344.73 | 117.79% | Mainly due to the withdrawal of the guarantee deposit for overseas loans under domestic guarantee and the payment of share repurchase funds in the current period. |
II Shareholder Information
1. Total Number of Ordinary Shareholders and Number of Preference Shareholders with Resumed VotingRights, as well as Information of Top 10 Shareholders
Unit: shares
| Number of ordinary shareholders at the period-end | 51,116 | Number of preference shareholders with resumed voting rights at the period-end (if any) | Not applicable | |||||
| Top 10 shareholders | ||||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held at the period-end | Restricted shares held | Shares in pledge or frozen | |||
| Status | Shares | |||||||
| Tang Zhuolin | Domestic individual | 20.33% | 270,737,568 | 203,053,176 | In pledge | 135,360,000 | ||
| Tang Zhuomian | Domestic individual | 7.27% | 96,885,134 | In pledge | 10,000,000 | |||
| Pulead Technology Industry Co., Ltd. | State-owned corporation | 3.62% | 48,149,787 | |||||
| Luzhou Industrial Development Investment Group Co., Ltd. | State-owned corporation | 2.39% | 31,770,010 | |||||
| Huarong Securities－China Merchants Securities－Huarong Youzhi Collective Asset Management Plan No. 1 | Fund and wealth management Product | 2.36% | 31,372,549 | |||||
| Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) | Domestic non-state-owned corporation | 2.00% | 26,628,340 | |||||
| Hong Kong Securities Clearing Company Limited | Overseas corporation | 1.99% | 26,506,021 | |||||
| Qiu Yezhi | Domestic individual | 1.76% | 23,382,388 | 17,536,791 | ||||
| Shengji Equity Investment Fund (Shanghai) Co., Ltd. | State-owned corporation | 1.47% | 19,607,843 | In pledge | 19,607,843 | |||
| Contemporary Amperex Technology Co., Ltd. | Domestic non-state-owned corporation | 1.36% | 18,118,868 | |||||
| Top 10 unrestricted ordinary shareholders | ||||||||
| Name of shareholder | Unrestricted shares held at the period-end | Shares by type | ||||||
| Type | Shares | |||||||
| Tang Zhuomian | 96,885,134 | RMB ordinary shares | 96,885,134 | |||||
| Tang Zhuolin | 67,684,392 | RMB ordinary shares | 67,684,392 | |||||
| Pulead Technology Industry Co., | 48,149,787 | RMB ordinary | 48,149,787 | |||||
| Ltd. | shares | ||
| Luzhou Industrial Development Investment Group Co., Ltd. | 31,770,010 | RMB ordinary shares | 31,770,010 |
| Huarong Securities－China Merchants Securities－Huarong Youzhi Collective Asset Management Plan No. 1 | 31,372,549 | RMB ordinary shares | 31,372,549 |
| Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) | 26,628,340 | RMB ordinary shares | 26,628,340 |
| Hong Kong Securities Clearing Company Limited | 26,506,021 | RMB ordinary shares | 26,506,021 |
| Shengji Equity Investment Fund (Shanghai) Co., Ltd. | 19,607,843 | RMB ordinary shares | 19,607,843 |
| Contemporary Amperex Technology Co., Ltd. | 18,118,868 | RMB ordinary shares | 18,118,868 |
| JIC Investment Co., Ltd. | 12,984,216 | RMB ordinary shares | 12,984,216 |
| Related or acting-in-concert parties among the shareholders above | Tang Zhuolin and Tang Zhuomian are full brothers. On 18 August 2010, they signed the Agreement on Acting in Concert. Pulead Technology Industry Co., Ltd. and Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) are acting-in-concert parties. Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Measures for the Administration of acquisitions of listed companies | ||
| Note on the top 10 shareholders' participation in securities margin trading (if any) | As of 31 March 2022, Pulead Technology Industry Co., Ltd., held 122 shares through the general securities account, and held 48,149,665 shares through the credit securities account, with a total of 48,149,787 shares held. And Luzhou Industrial Development Investment Group Co., Ltd., held 31,770,010 shares through the credit securities account, with a total of 31,770,010 shares held. And Qinghai Puren Intelligent Technology R & D Center (Limited Partnership), held 40 shares through the general securities account, and held 26,628,300 shares through the credit securities account, with a total of 26,628,340 shares held. | ||
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders
□ Applicable √ Not applicable
III Other Significant Events
√Applicable □ Not applicable
1. Launch of 2022 Restricted Stock Incentive Plan
To improve the Company's long-term incentive mechanism, fully mobilize the enthusiasm of the Company's coremanagement / technology /business personnel, effectively promote the long-term development of the Company, andachieve the purpose of "stabilizing the team, boosting morale, gathering talents and improving performance", theCompany launched the 2022 Restricted Stock Incentive Plan in the first quarter of 2022, using 3,312,500 ordinaryshares repurchased from the stock market as incentive shares, of which 2,650,000 shares were granted for the first partaccounting for 0.20% of the total share capital; 662,500 shares were reserved accounting for 0.05% of the total sharecapital, and the reserved portion accounted for 20% of the total grant. The grant price of restricted shares isRMB1/share.The total number of incented personnel for the first grant is 7. The personnel served in the Company (including
subsidiaries, the same below) as core management/technical /business personnel at the time of the announcement of thisincentive plan.
The Restricted Stock Incentive Plan for 2022 has been reviewed and approved by the 13th (Interim) Meeting of theFourth Session of the Board of Directors of the Company held on February 25, and the First Interim General Meeting of2022 held on March 14, 2022, respectively.
The 15th (interim) meeting of the Fourth Session of the Board of Directors of the Company held on March 21,2022 reviewed and approved the proposal on the grant of restricted shares to some incented personnel of the first grantof the 2022 Restricted Share Incentive Plan, and the grant date of the first part was March 21, 2022. As of the disclosuredate of this report, the work related to the first grant of restricted stock incentive is in normal progress.
2. Spin-off of Subsidiary Suzhou Parsun Power Machine Co., Ltd. to list it on the ChiNext of ShenzhenStock Exchange
The 14th meeting of the 4th Board of Directors of the Company held on March 14, 2022 reviewed and approvedproposals such as the "Plan for Spin-off of Subsidiary Suzhou Parsun Power Machine Co., Ltd. to list it on the ChiNextof Shenzhen Stock Exchange ".
After the Spin-off Listing is completed, the shareholding structure of Parsun Power Machine Co., Ltd. will notundergo major changes, and the Company will still maintain control over it.
The Spin-off Listing will help the subsidiary, Parsun Power Machine Co., Ltd., enhance its core competitivenessand deepen its industrial layout; broaden financing channels and enhance capital strength; optimize corporategovernance structure and improve operating efficiency; finally release its intrinsic value to maximize the interests of allshareholders.
After the spin-off listing, Parsun Power will continue to engage in the R&D, production and sales of its productsincluding outboard motors and general utility small gasoline motors, and will continue to improve the quality of itsproduct and services, strengthen the investment in R&D, and develop internationally competitive high-horsepower andnew energy outboard motor products; develop and extend its products with outboard motors as the main line, finallystrive to become a world-class outboard power supplier.IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd.
31 March 2022
Unit: RMB
| Item | Ending balance Of the Reporting Period | Beginning balance Of the Reporting Period |
| Current assets: |
| Item | Ending balance Of the Reporting Period | Beginning balance Of the Reporting Period |
| Cash and bank balances | 1,604,034,534.95 | 1,664,336,339.35 |
| Settlement provisions | ||
| Dismantling funds | ||
| Financial assets held for trading | 697,322,703.75 | 788,185,521.57 |
| Derivative financial assets | ||
| Notes receivable | 10,120,740.45 | 13,272,025.04 |
| Accounts receivable | 678,271,471.87 | 741,135,648.09 |
| Receivable financing | 23,772,820.54 | 30,692,449.25 |
| Prepayments | 58,376,799.26 | 34,177,802.36 |
| Premium receivable | ||
| Receivable reinsurance account | ||
| Provision for reinsurance contract receivable | ||
| Other receivables | 123,944,579.87 | 71,363,166.84 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buy back resale financial assets | ||
| Inventories | 1,010,107,537.55 | 867,280,013.47 |
| Contract assets | 3,286,802.38 | 24,414,117.64 |
| Assets held for sale | ||
| Current portion of non-current assets | 3,308,500.00 | 108,385,000.00 |
| Other current assets | 23,922,052.78 | 32,124,006.99 |
| Total current assets | 4,236,468,543.40 | 4,375,366,090.60 |
| Non-current assets: | ||
| Loans and advances | ||
| Debt investment | ||
| Other debt investments | ||
| Long-term receivables | 143,750.00 | |
| Long-term equity investment | 84,621,072.49 | 84,777,596.67 |
| Investment in other equity instruments | ||
| Other non-current financial assets | 269,541,352.29 | 162,523,519.41 |
| Real estate investment | ||
| Fixed assets | 536,605,786.21 | 544,180,159.09 |
| Construction in progress | 21,533,825.15 | 12,298,259.58 |
| Productive biological assets | ||
| Oil and gas asset | ||
| Right-of-use assets | 74,910,374.98 | 80,386,832.91 |
| Intangible assets | 288,454,387.45 | 293,718,987.62 |
| Development expenditure |
| Item | Ending balance Of the Reporting Period | Beginning balance Of the Reporting Period |
| Goodwill | 303,962,519.42 | 306,969,147.76 |
| Long-term prepaid expenses | 11,327,926.60 | 11,962,127.07 |
| Deferred tax assets | 184,016,299.68 | 180,245,522.94 |
| Other non-current assets | 307,134,341.54 | 304,596,841.54 |
| Total non-current assets | 2,082,107,885.81 | 1,981,802,744.59 |
| Total assets | 6,318,576,429.21 | 6,357,168,835.19 |
| Current liabilities: | ||
| Short-term borrowings | 201,107,006.28 | 228,312,880.73 |
| Borrowing from the Central Bank | ||
| Borrowed funds | ||
| Financial liabilities held for trading | 109,745,432.30 | 110,746,939.04 |
| Derivative financial liabilities | ||
| Notes payable | 134,986,312.45 | 149,191,690.00 |
| Accounts payable | 551,896,903.31 | 619,265,856.18 |
| Advance receivables | ||
| Contract liabilities | 602,121,242.89 | 405,842,932.51 |
| Selling back financial assets | ||
| Deposits and Interbank deposit | ||
| Agent trading securities | ||
| Agent underwriting securities | ||
| Employee benefits payable | 111,642,895.48 | 103,809,783.58 |
| Tax payable | 42,402,724.66 | 60,701,346.24 |
| Other payables | 71,256,086.28 | 100,018,273.09 |
| Including: Interest payable | ||
| Dividend payable | ||
| Fees and commissions | ||
| Reinsurance accounts payable | ||
| Liabilities held for sale | ||
| Current portion of non-current liabilities | 39,203,200.51 | 38,495,724.83 |
| Other current liabilities | 7,660,596.55 | 12,836,473.00 |
| Total current liabilities | 1,872,022,400.71 | 1,829,221,899.20 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 313,165,668.07 | 325,026,188.49 |
| Bonds payable | ||
| Including: Preference Shares | ||
| Perpetual bonds | ||
| Lease liabilities | 60,129,769.83 | 65,213,555.87 |
| Long-term payables | ||
| Long-term employee benefits | 13,924,425.60 | 16,083,170.32 |
| Item | Ending balance Of the Reporting Period | Beginning balance Of the Reporting Period |
| payable | ||
| Provisions | 106,832,532.45 | 117,932,721.59 |
| Deferred income | 11,911,146.66 | 12,190,311.66 |
| Deferred tax liabilities | 2,976,196.25 | 1,747,137.95 |
| Other non-current liabilities | 135,634,650.32 | 136,178,304.44 |
| Total non-current liabilities | 644,574,389.18 | 674,371,390.32 |
| Total Liabilities | 2,516,596,789.89 | 2,503,593,289.52 |
| Equity: | ||
| Share capital | 1,331,938,167.00 | 1,331,938,167.00 |
| Other equity instruments | ||
| Including: Preference Shares | ||
| Perpetual bonds | ||
| Capital surplus | 3,245,072,070.76 | 3,238,765,859.94 |
| Less: Treasury stock | 581,904,104.62 | 494,335,503.94 |
| Other comprehensive income | -44,658,713.07 | -33,322,662.98 |
| Special reserve | 11,816,317.70 | 11,252,639.19 |
| Surplus reserves | 51,830,974.45 | 51,830,974.45 |
| General risk preparation | ||
| Retained earnings | -387,049,764.12 | -424,159,175.27 |
| Total equity attributable to owners of the parent | 3,627,044,948.10 | 3,681,970,298.39 |
| Non-controlling interests | 174,934,691.22 | 171,605,247.28 |
| Total equity | 3,801,979,639.32 | 3,853,575,545.67 |
| Total liabilities and equity | 6,318,576,429.21 | 6,357,168,835.19 |
Legal representative: Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ: Yao Bin
(2) Consolidated Income Statement for Q1 2022
Unit: RMB
| Item | Q1 2022 | Q1 2021 |
| 1 Total operating revenue | 636,006,580.11 | 636,432,223.23 |
| Including: Operating revenue | 636,006,580.11 | 636,432,223.23 |
| Interest income | ||
| Premiums earned | ||
| Fee and commission income | ||
| 2 Total operating cost | 576,816,779.91 | 579,492,091.36 |
| Including: Cost of sales | 472,346,527.10 | 432,070,127.91 |
| Interest expense | ||
| Payment of fees and commission | ||
| Surrender fund |
| Item | Q1 2022 | Q1 2021 |
| Net indemnity expenditure | ||
| Draw the net reserve of insurance liability contract | ||
| Policy dividend expense | ||
| Reinsurance cost | ||
| Taxes and surcharges | 4,022,255.53 | 4,047,391.51 |
| Selling expenses | 24,373,541.29 | 57,114,645.46 |
| Administrative expenses | 62,766,418.15 | 68,517,268.26 |
| R&D expenses | 18,824,950.19 | 20,080,208.07 |
| Finance costs | -5,516,912.35 | -2,337,549.85 |
| Including: Interest expenses | 4,443,668.86 | 2,917,762.69 |
| Interest income | 5,483,896.31 | 5,180,086.23 |
| Add: Other income | 3,455,142.45 | 2,415,015.19 |
| Investment income (loss with "-" sign) | -4,249,447.63 | 37,814,460.29 |
| Including: Share of profit or loss of joint ventures and associates | 44,614.18 | -547,351.87 |
| Income from derecognition of financial assets measured at amortised cost (loss with "-" sign) | ||
| Exchange gain (loss with "-" sign) | ||
| Net exposure hedging gain (loss with "-" sign) | ||
| Gain/loss on changes in fair value (loss with "-" sign) | -8,257,489.80 | -14,286,064.93 |
| Credit impairment loss (loss is listed with "-" sign) | 4,297,826.65 | 989,233.70 |
| Asset impairment loss (loss with "-" sign) | -634,508.31 | 960,740.25 |
| Gain/loss on disposal of assets (loss with "-" sign) | 275,491.34 | |
| 3 Operating profit (losses are listed with "-" sign) | 53,801,323.56 | 85,109,007.71 |
| Add: Non-operating income | 238,187.76 | 757,631.05 |
| Less: Non-operating expenses | 81,446.72 | 291,794.44 |
| 5 Gross profit (the gross loss shall be filled in with the sign "-") | 53,958,064.60 | 85,574,844.32 |
| Less: Income tax expenses | 12,707,811.73 | 15,711,510.94 |
| Net profit (net loss is listed with "-" sign) | 41,250,252.87 | 69,863,333.38 |
| (1) Net profit from continuing operations | ||
| i. Net profit from continuing operations (net loss with "-" sign) | 41,250,252.87 | 69,863,333.38 |
| ii. Net profit from termination of operation (net loss with "-" sign) | ||
| (2) Net profit classified by attribution of |
| Item | Q1 2022 | Q1 2021 |
| ownership | ||
| i. Net profit attributable to owners of the parent | 37,109,411.15 | 64,628,103.90 |
| ii. Net profit attributable to non-controlling interests | 4,140,841.72 | 5,235,229.48 |
| 6 Other comprehensive income/(loss), net of tax | -12,147,447.87 | -13,010,550.67 |
| Other comprehensive income/(loss) attributable to owners of the parent, net of tax | -11,336,050.09 | -12,100,243.92 |
| (1) Other comprehensive loss that will not be reclassified to profit or loss | 267,186.98 | -468,405.38 |
| i. Changes caused by remeasurements on defined benefit schemes | 267,186.98 | -468,405.38 |
| ii. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| iii. Changes in fair value of investments in other equity instruments | ||
| iv. Fair value change of enterprise's own credit risk | ||
| v. Other | ||
| (2) Other comprehensive income/(loss) that will be reclassified to profit or loss | -11,603,237.07 | -11,631,838.54 |
| i. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| ii. Changes in fair value of other debt investments | ||
| iii. The amount of financial assets reclassified to other comprehensive income | ||
| iv. Provision for credit impairment of other debt investments | ||
| v. Cash flow hedging reserve | ||
| vi. Differences arising from the translation of foreign currency-denominated financial statements | -11,603,237.07 | -11,631,838.54 |
| vii. Other | ||
| Other comprehensive income attributable to non-controlling interests, net of tax | -811,397.78 | -910,306.75 |
| Total comprehensive income | 29,102,805.00 | 56,852,782.71 |
| Total comprehensive income attributable to owners of the parent | 25,773,361.06 | 52,527,859.98 |
| Total comprehensive income attributable to non-controlling interests | 3,329,443.94 | 4,324,922.73 |
| Item | Q1 2022 | Q1 2021 |
| Earnings per share: | ||
| (1) Basic earnings per share | 0.03 | 0.04 |
| (2) Diluted earnings per share | 0.03 | 0.04 |
Legal representative: Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ: Yao Bin
(3) Consolidated Statement of Cash Flows for Q1 2022
Unit: RMB
| Item | Q1 2022 | Q1 2021 |
| 1 Cash flows from operating activities: | ||
| Proceeds from sale of goods and rendering of services | 928,486,238.07 | 731,987,863.56 |
| Net increase in customer deposits and interbank deposits | ||
| Net increase in borrowing from the central bank | ||
| Net increase in funds transferred to other financial institutions | ||
| Cash received from the premium of the original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase in depositors' deposits and investment funds | ||
| Cash that collects interest, commission and commission | ||
| Net increase in borrowed funds | ||
| Net increase in funds for repurchase business | ||
| Net cash received by agents buying and selling securities | ||
| Receipts of taxes and surcharges refunds | 15,645,068.29 | 11,136,430.41 |
| Cash generated from other operating activities | 22,607,109.83 | 13,378,861.31 |
| Subtotal of cash generated from operating activities | 966,738,416.19 | 756,503,155.28 |
| Payments for goods and services | 630,966,598.83 | 466,797,537.97 |
| Net increase in customer loans and advances | ||
| Net increase in central bank and interbank deposits | ||
| Cash to pay the indemnity of the original insurance contract | ||
| Net increase in loan funds | ||
| Cash for the payment of interest, fees and commissions | ||
| Cash for the payment of policy dividends | ||
| Cash payments to and on behalf of employees | 103,051,894.89 | 83,351,684.73 |
| Payments of all types of taxes and surcharges | 33,816,513.68 | 11,887,050.08 |
| Cash used in other operating activities | 113,380,059.87 | 136,930,505.78 |
| Subtotal of cash used in operating activities | 881,215,067.27 | 698,966,778.56 |
| Net cash generated from/used in operating activities | 85,523,348.92 | 57,536,376.72 |
| Item | Q1 2022 | Q1 2021 |
| 2 Cash flows from investing activities: | ||
| Proceeds from disinvestment | 1,357,115,658.04 | 980,798,538.60 |
| Investment income | 9,151,644.38 | 42,308,828.65 |
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 519,197.20 | |
| Disposal of net cash received by subsidiaries and other business units | ||
| Cash generated from other investing activities | 2,069,077.00 | |
| Subtotal of cash generated from investing activities | 1,366,267,302.42 | 1,025,695,641.45 |
| Payments for the acquisition of fixed assets, intangible assets and other long-lived assets | 25,429,170.52 | 6,927,194.84 |
| Payments for investments | 1,243,551,176.26 | 512,634,572.51 |
| Net increase in pledged loans | ||
| Obtain net cash paid by subsidiaries and other business units | 48,000,000.00 | |
| Cash used in other investing activities | 52,140,000.00 | |
| Subtotal of cash used in investing activities | 1,369,120,346.78 | 519,561,767.35 |
| Net cash generated from/used in investing activities | -2,853,044.36 | 506,133,874.10 |
| 3 Cash flows from financing activities: | ||
| Absorb the cash received by the investment | ||
| Including: the subsidiary absorbs the cash received from the investment of minority shareholders | ||
| Borrowings raised | 211,775,514.73 | 198,986,769.00 |
| Cash generated from other financing activities | 360,325,501.52 | 59,244,800.98 |
| Subtotal of cash generated from financing activities | 572,101,016.25 | 258,231,569.98 |
| Repayment of borrowings | 239,525,593.46 | 212,772,924.79 |
| Interest and dividends paid | 1,883,623.89 | 2,645,963.85 |
| Including: Interest and dividends paid to minority shareholders | ||
| Cash used in other financing activities | 311,119,429.66 | 152,813,656.83 |
| Subtotal of cash used in financing activities | 552,528,647.01 | 368,232,545.47 |
| Net cash generated from/used in financing activities | 19,572,369.24 | -110,000,975.49 |
| 4 Effect of foreign exchange rates changes on cash and cash equivalents | -18,537,842.93 | -15,098,439.51 |
| 5 Net (decrease)/increase in cash and cash equivalents | 83,704,830.87 | 438,570,835.82 |
| Add: Cash and cash equivalents, beginning of the period | 1,259,303,775.74 | 860,601,236.78 |
| 6 Cash and cash equivalents, end of the period | 1,343,008,606.61 | 1,299,172,072.60 |
Legal representative: Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ: Yao Bin
2. Audit Report
Whether the Report has been audited
□ Yes √ No
The report for the first quarter of 2022 of the Company has not been audited.
Board of Directors
ofGuangdong Dongfang Precision Science&Technology Co.,Ltd.
April 19, 2022