Stock Code: 000016, 200016 Stock Name: Konka Group-A, Konka Group-B Announcement No. 2022-83Bond Code: 114894, 133003 Bond Name: 21 Konka 01, 21 Konka 02133040, 149987 21 Konka 03, 22 Konka 01
133306, 133333 22 Konka 03, 22 Konka 05
KONKA GROUP CO., LTD.THIRD QUARTERLY REPORT 2022
Konka Group Co., Ltd. (hereinafter referred to as the “Company”) and all the members of theCompany’s Board of Directors hereby guarantee that the contents of this Report are true, accurateand complete and free of any misrepresentations, misleading statements or material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,supervisors and senior management of the Company hereby guarantee that the contents of thisReport are true, accurate and complete and free of any misrepresentations, misleading statementsor material omissions, and collectively and individually accept legal responsibility for suchcontents.
2. The Company’s legal representative, Chief Financial Officer (CFO), and head of the financialdepartment (equivalent to financial manager) hereby guarantee that the financial statementscarried in this Report are factual, accurate and complete.
3. Indicate by tick mark whether the financial statements in this Report have been audited by anindependent auditor.
□Yes √ No
I Key Financial Information(I) Key Accounting Data and Financial IndicatorsIndicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
| Q3 2022 | YoY change (%) | Q1-Q3 2022 | YoY change (%) | |
| Operating revenue (RMB) | 7,700,546,365.26 | -21.56% | 24,596,016,642.07 | -22.23% |
| Net profit attributable to the listed company’s shareholders (RMB) | -37,227,714.31 | 82.43% | 135,590,724.52 | 207.29% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | -335,657,322.29 | 2.39% | -1,078,013,504.00 | -2.28% |
| Net cash generated from/used in operating activities (RMB) | —— | —— | -67,596,351.18 | 95.31% |
| Basic earnings per share (RMB/share) | -0.0155 | 82.39% | 0.0563 | 207.24% |
Diluted earnings per share (RMB/share)
| Diluted earnings per share (RMB/share) | -0.0155 | 82.39% | 0.0563 | 207.24% |
| Weighted average return on equity (%) | -0.41% | 2.13% | 1.48% | 2.99% |
| 30 September 2022 | 31 December 2021 | Change (%) | ||
| Total assets (RMB) | 39,223,352,281.70 | 39,874,520,771.26 | -1.63% | |
| Equity attributable to the listed company’s shareholders (RMB) | 9,251,296,321.25 | 9,095,278,436.41 | 1.72% | |
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
| Item | Q3 2022 | Q1-Q3 2022 | Note |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | 65,201,958.69 | 722,953,351.42 | |
| Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards) | 237,051,376.50 | 573,038,743.54 | |
| Gain or loss on fair-value changes on held-for-trading financial assets and liabilities & income from disposal of held-for-trading financial assets and liabilities and available-for-sale financial assets (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business) | 14,429,370.03 | 47,396,341.80 | |
| Reversed portions of impairment allowances for receivables which are tested individually for impairment | 32,575,571.58 | 32,575,571.58 | |
| Gain or loss on loan entrustments | 41,371,824.79 | 95,788,752.04 | |
| Non-operating income and expense other than the above | 65,105,727.71 | 92,002,541.91 | |
| Less: Income tax effects | 97,012,481.90 | 232,277,142.51 | |
| Non-controlling interests effects (net of tax) | 60,293,739.42 | 117,873,931.26 | |
| Total | 298,429,607.98 | 1,213,604,228.52 | -- |
Other items that meet the definition of exceptional gain/loss:
□ Applicable √ Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed inthe Explanatory Announcement No. 1 on Information Disclosure for Companies Offering TheirSecurities to the Public—Exceptional Gain/Loss Items:
√ Applicable □ Not applicable
| Item | Amount (RMB) | Reason |
| Tax rebates on software | 11,853,122.32 | Government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards |
(III) Changes in Key Financial Statement Line Items and Explanation
√ Applicable □ Not applicable
Unit: RMB
| Item | 30 September 2022 | 1 January 2022 | Percentage of change | Main reason for change |
| Notes receivable | 1,227,793,096.11 | 1,777,477,481.28 | -30.92% | Recovery of notes receivable in the Reporting Period |
| Prepayments | 373,941,807.92 | 631,400,953.86 | -40.78% | Decreased prepayments to suppliers and partners in the Reporting Period |
| Construction in progress | 2,086,668,242.52 | 1,490,777,831.39 | 39.97% | Increased constructions in progress in relation to industrial parks in the Reporting Period |
| Other non-current assets | 1,695,607,267.24 | 2,648,530,490.12 | -35.98% | Decreased prepayments for land in the Reporting Period |
| Accounts payable | 2,529,930,427.85 | 3,784,315,091.41 | -33.15% | Pay the previous large amount of accounts payable to suppliers during the current period |
| Current portion of non-current liabilities | 670,292,800.68 | 5,089,586,269.32 | -86.83% | Redemption of bonds payable that became mature in the Reporting Period |
Long-term borrowings
| Long-term borrowings | 8,366,033,001.46 | 3,529,140,539.09 | 137.06% | New borrowings in the Reporting Period |
| Bonds payable | 4,090,653,826.03 | 2,293,698,899.30 | 78.34% | Issuance of bonds in the Reporting Period |
| Item | Q1-Q3 2022 | Q1-Q3 2021 | Percentage of change | Main reason for change |
| Finance costs | 262,346,112.20 | 675,851,664.46 | -61.18% | Decreased interest expense and exchange rate fluctuations in the Reporting Period |
| Interest income | 190,309,274.96 | 123,952,533.58 | 53.53% | Increased interest income from entrustment loans |
| Return on investment | 836,530,565.91 | 467,513,252.27 | 78.93% | Income from equity disposal in the Reporting Period |
II Shareholder Information(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed VotingRights as well as Holdings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders | 86,733 | Number of preference shareholders with resumed voting rights (if any) | 0 | ||||||||||
| Top 10 shareholders | |||||||||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held | Restricted shares held | Shares in pledge, marked or frozen | ||||||||
| Status | Shares | ||||||||||||
| OVERSEAS CHINESE TOWN HOLDINGS COMPANY | State-owned legal person | 21.75% | 523,746,932 | 0 | |||||||||
| CITIC SECURITIES BROKERAGE (HONG KONG) CO., LTD. | Foreign legal person | 7.48% | 180,001,110 | 0 | |||||||||
| WANG JINGFENG | Domestic natural person | 4.63% | 111,411,100 | 0 | |||||||||
| GUOYUAN SECURITIES BROKER (HK) CO., LTD. | Foreign legal person | 2.46% | 59,227,225 | 0 | |||||||||
| HOLY TIME GROUP LIMITED | Foreign legal person | 2.38% | 57,289,100 | 0 | |||||||||
| GAOLING FUND,L.P. | Foreign legal person | 2.19% | 52,801,250 | 0 | |||||||||
| NAM NGAI | Foreign natural person | 0.96% | 23,000,000 | 0 | |||||||||
| CHINA MERCHANTS SECURITIES (HK) LIMITED | State-owned legal person | 0.81% | 19,457,720 | 0 | |||||||||
| BOCOM INTERNATIONAL SECURITIES LIMITED | Foreign legal person | 0.78% | 18,896,037 | 0 | |||||||||
| HONG KONG SECURITIES CLEARING COMPANY LIMITED | Foreign legal person | 0.66% | 15,842,531 | 0 | |||||||||
| Top 10 unrestricted shareholders | |||||||||||||
| Name of shareholder | Unrestricted ordinary shares held | Shares by class | |||||||||||
| Class | Shares | ||||||||||||
| OVERSEAS CHINESE TOWN HOLDINGS COMPANY | 523,746,932 | RMB-denominated ordinary share | 523,746,932 | ||||||||||
| CITIC SECURITIES BROKERAGE (HONG KONG) CO., LTD. | 180,001,110 | Domestically listed foreign share | 180,001,110 | ||||||||||
| WANG JINGFENG | 111,411,100 | RMB-denominated ordinary share | 111,411,100 | ||||||||||
| GUOYUAN SECURITIES BROKER (HK) CO., LTD. | 59,227,225 | Domestically listed foreign share | 59,227,225 | ||||||||||
| HOLY TIME GROUP LIMITED | 57,289,100 | Domestically listed foreign share | 57,289,100 | ||||||||||
| GAOLING FUND,L.P. | 52,801,250 | Domestically listed foreign share | 52,801,250 | ||||||||||
| NAM NGAI | 23,000,000 | Domestically listed foreign share | 23,000,000 | ||||||||||
| CHINA MERCHANTS SECURITIES (HK) LIMITED | 19,457,720 | Domestically listed foreign share | 19,457,720 | ||||||||||
| BOCOM INTERNATIONAL SECURITIES LIMITED | 18,896,037 | Domestically listed foreign share | 18,896,037 | ||||||||||
| HONG KONG SECURITIES CLEARING COMPANY LIMITED | 15,842,531 | RMB-denominated ordinary share | 15,842,531 | ||||||||||
| Related or acting-in-concert | Happy Bloom Investment Limited, a wholly-owned subsidiary of the Company’s first | ||||||||||||
parties among shareholders above
| parties among shareholders above | majority shareholder Overseas Chinese Town Holdings Company (“OCT Group” for short), holds 180,001,110 and 18,360,000 ordinary shares in the Company respectively through CITIC Securities Brokerage (Hong Kong) Co., Ltd. and China Merchants Securities (HK) Limited. Happy Bloom Investment Limited and Overseas Chinese Town Holdings Company are parties acting in concert. Other than that, it is unknown whether the other shareholders are related parties or acting-in-concert parties or not. |
| Top 10 ordinary shareholders involved in securities margin trading (if any) | Wang Jingfeng holds 111,411,100 A-shares in the Company through his securities account for customer credit trading guarantee in Guotai Junan Securities Co., Ltd. |
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant Events
√ Applicable □ Not applicable
(I) The non-public offering of corporate bonds: So far, a total of RMB1.2 billion of corporatebonds has been issued on 8 September 2022 and 18 October 2022 for the RMB2.7 billioncorporate bonds non-public offering program, and the issuance of the remaining amount ofcorporate bonds is in progress.(II) Chongqing Konka Semiconductor Photoelectric Industrial Park has been officially completedand starts production and trial operation. And construction of the Xi’an Konka Smart AppliancesHeadquarters Project is about to be completed.IV Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Konka Group Co., Ltd.
30 September 2022
Unit: RMB
| Item | 30 September 2022 | 1 January 2022 |
| Current assets: | ||
| Monetary assets | 5,789,648,566.31 | 6,489,553,211.24 |
| Settlement reserve | ||
| Loans to other banks and financial institutions | ||
| Held-for-trading financial assets | ||
| Derivative financial assets | ||
| Notes receivable | 1,227,793,096.11 | 1,777,477,481.28 |
| Accounts receivable | 2,906,003,576.69 | 3,397,729,481.07 |
| Receivables financing | 23,044,759.72 | 71,490,688.54 |
| Prepayments | 373,941,807.92 | 631,400,953.86 |
| Premiums receivable | ||
| Reinsurance receivables | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 1,916,724,393.02 | 1,837,459,705.64 |
| Including: Interest receivable | 4,076,863.43 | 2,573,082.79 |
| Dividends receivable | ||
| Financial assets purchased under resale agreements | ||
| Inventories | 4,091,460,535.16 | 4,068,537,809.18 |
| Contract assets | ||
| Assets held for sale |
Current portion of non-current assets
| Current portion of non-current assets | 23,221,539.24 | 28,105,523.78 |
| Other current assets | 3,043,370,980.65 | 2,299,963,391.24 |
| Total current assets | 19,395,209,254.82 | 20,601,718,245.83 |
| Non-current assets: | ||
| Loans and advances to customers | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | 4,430,400.00 | 18,495,499.14 |
| Long-term equity investments | 6,339,642,148.66 | 5,902,588,939.51 |
| Investments in other equity instruments | 23,841,337.16 | 23,841,337.16 |
| Other non-current financial assets | 2,702,852,398.04 | 2,293,361,603.68 |
| Investment property | 769,667,119.64 | 776,525,061.54 |
| Fixed assets | 3,888,453,944.19 | 4,010,295,277.14 |
| Construction in progress | 2,086,668,242.52 | 1,490,777,831.39 |
| Productive living assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 62,105,021.51 | 71,210,415.37 |
| Intangible assets | 964,809,503.20 | 975,295,916.08 |
| Development costs | 22,498,875.09 | 16,870,310.70 |
| Goodwill | 22,196,735.11 | 22,196,735.11 |
| Long-term prepaid expense | 344,957,911.79 | 297,497,383.39 |
| Deferred income tax assets | 900,412,122.73 | 725,315,725.10 |
| Other non-current assets | 1,695,607,267.24 | 2,648,530,490.12 |
| Total non-current assets | 19,828,143,026.88 | 19,272,802,525.43 |
| Total assets | 39,223,352,281.70 | 39,874,520,771.26 |
| Current liabilities: | ||
| Short-term borrowings | 8,746,004,712.06 | 9,920,675,121.08 |
| Borrowings from the central bank | ||
| Loans from other banks and financial institutions | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 1,017,099,083.62 | 1,116,336,958.91 |
| Accounts payable | 2,529,930,427.85 | 3,784,315,091.41 |
| Advances from customers | ||
| Contract liabilities | 769,921,677.08 | 652,910,408.02 |
| Financial assets sold under repurchase agreements | ||
| Customer deposits and deposits from other banks and financial institutions | ||
| Payables for acting trading of securities | ||
| Payables for underwriting of securities | ||
| Employee benefits payable | 161,956,025.91 | 410,747,084.80 |
| Taxes and levies payable | 359,254,927.80 | 295,825,170.41 |
| Other payables | 1,412,888,766.44 | 1,788,177,748.59 |
| Including: Interest payable | 59,235,455.90 | 174,383,177.08 |
| Dividends payable | ||
| Fees and commissions payable | ||
| Reinsurance payables | ||
| Liabilities directly associated with assets held for sale | ||
| Current portion of non-current liabilities | 670,292,800.68 | 5,089,586,269.32 |
| Other current liabilities | 115,907,033.70 | 109,742,188.24 |
| Total current liabilities | 15,783,255,455.14 | 23,168,316,040.78 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 8,366,033,001.46 | 3,529,140,539.09 |
| Bonds payable | 4,090,653,826.03 | 2,293,698,899.30 |
| Including: Preference shares | ||
| Perpetual bonds |
Lease liabilities
| Lease liabilities | 51,963,509.22 | 42,532,869.63 |
| Long-term payables | 21,433,136.36 | 140,687,570.78 |
| Long-term employee benefits payable | 4,958,389.07 | 5,111,296.75 |
| Provisions | 112,487,613.76 | 106,276,535.85 |
| Deferred income | 274,491,271.90 | 206,302,424.92 |
| Deferred income tax liabilities | 79,547,666.58 | 76,894,581.97 |
| Other non-current liabilities | 118,961,639.55 | 104,610,663.76 |
| Total non-current liabilities | 13,120,530,053.93 | 6,505,255,382.05 |
| Total liabilities | 28,903,785,509.07 | 29,673,571,422.83 |
| Owners’ equity: | ||
| Share capital | 2,407,945,408.00 | 2,407,945,408.00 |
| Other equity instruments | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Capital reserves | 365,814,774.70 | 234,389,963.10 |
| Less: Treasury stock | ||
| Other comprehensive income | -10,936,468.75 | -20,336,087.87 |
| Specific reserve | ||
| Surplus reserves | 1,244,180,364.24 | 1,244,180,364.24 |
| General reserve | ||
| Retained earnings | 5,244,292,243.06 | 5,229,098,788.94 |
| Total equity attributable to owners of the Company as the parent | 9,251,296,321.25 | 9,095,278,436.41 |
| Non-controlling interests | 1,068,270,451.38 | 1,105,670,912.02 |
| Total owners’ equity | 10,319,566,772.63 | 10,200,949,348.43 |
| Total liabilities and owners’ equity | 39,223,352,281.70 | 39,874,520,771.26 |
Legal representative: Zhou Bin CFO: Li Chunlei Head of the financial department: Guo Zhihua
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2022 | Q1~Q3 2021 |
| 1. Revenues | 24,596,016,642.07 | 31,626,746,378.63 |
| Including: Operating revenue | 24,596,016,642.07 | 31,626,746,378.63 |
| Interest income | ||
| Insurance premium income | ||
| Fee and commission income | ||
| 2. Costs and expenses | 26,126,675,368.63 | 32,958,502,701.12 |
| Including: Cost of sales | 23,975,162,049.26 | 30,206,985,064.55 |
| Interest expense | ||
| Fee and commission expense | ||
| Surrenders | ||
| Net insurance claims paid | ||
| Net amount provided as insurance contract reserve | ||
| Expenditure on policy dividends | ||
| Reinsurance premium expense | ||
| Taxes and levies | 77,125,711.11 | 65,291,404.77 |
| Selling expense | 871,347,414.06 | 1,024,179,934.62 |
| Administrative expense | 577,188,118.60 | 553,122,321.69 |
| R&D expense | 363,505,963.40 | 433,072,311.03 |
| Finance costs | 262,346,112.20 | 675,851,664.46 |
| Including: Interest expense | 692,836,273.51 | 743,648,860.62 |
| Interest income | 190,309,274.96 | 123,952,533.58 |
Add: Other income
| Add: Other income | 584,491,772.86 | 760,063,480.80 |
| Return on investment (“-” for loss) | 836,530,565.91 | 467,513,252.27 |
| Including: Share of profit or loss of joint ventures and associates | 77,512,338.05 | 75,468,924.12 |
| Income from the derecognition of financial assets at amortized cost (“-” for loss) | ||
| Exchange gain (“-” for loss) | ||
| Net gain on exposure hedges (“-” for loss) | ||
| Gain on changes in fair value (“-” for loss) | 21,962,896.84 | 80,454,582.18 |
| Credit impairment loss (“-” for loss) | -61,242,970.31 | -83,508,804.27 |
| Asset impairment loss (“-” for loss) | -13,523,962.19 | -37,285,530.58 |
| Asset disposal income (“-” for loss) | 12,420,007.06 | 613,907.69 |
| 3. Operating profit (“-” for loss) | -150,020,416.39 | -143,905,434.40 |
| Add: Non-operating income | 97,857,275.38 | 65,341,959.01 |
| Less: Non-operating expense | 6,543,182.17 | 8,552,951.51 |
| 4. Gross profit (“-” for loss) | -58,706,323.18 | -87,116,426.90 |
| Less: Income tax expense | -72,029,417.98 | 41,529,133.86 |
| 5. Net profit (“-” for net loss) | 13,323,094.80 | -128,645,560.76 |
| 5.1 By operating continuity | ||
| 5.1.1 Net profit from continuing operations (“-” for net loss) | 13,323,094.80 | -128,645,560.76 |
| 5.1.2 Net profit from discontinued operations (“-” for net loss) | ||
| 5.2 By ownership | ||
| 5.2.1 Net profit attributable to shareholders of the Company as the parent (“-” for net loss) | 135,590,724.52 | -126,378,339.68 |
| 5.2.1 Net profit attributable to non-controlling interests (“-” for net loss) | -122,267,629.72 | -2,267,221.08 |
| 6. Other comprehensive income, net of tax | 10,932,642.27 | -891,213.66 |
| Attributable to owners of the Company as the parent | 9,399,619.12 | 244,470.51 |
| 6.1 Items that will not be reclassified to profit or loss | ||
| 6.1.1 Changes caused by remeasurements on defined benefit schemes | ||
| 6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method | ||
| 6.1.3 Changes in the fair value of investments in other equity instruments | ||
| 6.1.4 Changes in the fair value arising from changes in own credit risk | ||
| 6.1.5 Other | ||
| 6.2 Items that will be reclassified to profit or loss | 9,399,619.12 | 244,470.51 |
| 6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method | -38,929.34 | 1,486,086.18 |
| 6.2.2 Changes in the fair value of other debt investments | ||
| 6.2.3 Other comprehensive income arising from the reclassification of financial assets | ||
| 6.2.4 Credit impairment allowance for other debt investments | ||
| 6.2.5 Reserve for cash flow hedges | ||
| 6.2.6 Differences arising from the translation of foreign currency-denominated financial statements | 9,438,548.46 | -1,241,615.67 |
| 6.2.7 Other | ||
| Attributable to non-controlling interests | 1,533,023.15 | -1,135,684.17 |
| 7. Total comprehensive income | 24,255,737.07 | -129,536,774.42 |
| 7.1 Attributable to owners of the Company as the parent | 144,990,343.64 | -126,133,869.17 |
| 7.2 Attributable to non-controlling interests | -120,734,606.57 | -3,402,905.25 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.0563 | -0.0525 |
| 8.2 Diluted earnings per share | 0.0563 | -0.0525 |
Legal representative: Zhou Bin CFO: Li Chunlei Head of the financial department: Guo Zhihua
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2022 | Q1~Q3 2021 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 24,332,330,642.99 | 30,451,464,764.24 |
| Net increase in customer deposits and deposits from other banks and financial institutions | ||
| Net increase in borrowings from the central bank | ||
| Net increase in loans from other financial institutions | ||
| Premiums received on original insurance contracts | ||
| Net proceeds from reinsurance | ||
| Net increase in deposits and investments of policy holders | ||
| Interest, fees and commissions received | ||
| Net increase in loans from other banks and financial institutions | ||
| Net increase in proceeds from repurchase transactions | ||
| Net proceeds from acting trading of securities | ||
| Tax and levy rebates | 552,849,875.52 | 333,893,980.47 |
| Cash generated from other operating activities | 1,168,029,091.16 | 1,172,860,994.12 |
| Subtotal of cash generated from operating activities | 26,053,209,609.67 | 31,958,219,738.83 |
| Payments for commodities and services | 23,012,128,420.93 | 29,601,035,244.82 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits in the central bank and other banks and financial institutions | ||
| Payments for claims on original insurance contracts | ||
| Net increase in loans to other banks and financial institutions | ||
| Interest, fees and commissions paid | ||
| Policy dividends paid | ||
| Cash paid to and for employees | 1,434,144,605.34 | 1,511,165,362.18 |
| Taxes and levies paid | 371,845,155.79 | 710,317,427.85 |
| Cash used in other operating activities | 1,302,687,778.79 | 1,577,936,087.07 |
| Subtotal of cash used in operating activities | 26,120,805,960.85 | 33,400,454,121.92 |
| Net cash generated from/used in operating activities | -67,596,351.18 | -1,442,234,383.09 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | 439,435,929.17 | 343,726,934.95 |
| Return on investment | 102,584,188.29 | 92,533,320.06 |
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 2,602,109.26 | 234,447,891.30 |
| Net proceeds from the disposal of subsidiaries and other business units | 297,094,350.04 | 133,143,680.12 |
| Cash generated from other investing activities | 2,593,171,830.43 | 1,096,314,874.18 |
| Subtotal of cash generated from investing activities | 3,434,888,407.19 | 1,900,166,700.61 |
| Payments for the acquisition of fixed assets, intangible assets and other long-lived assets | 3,242,155,154.65 | 3,121,184,726.92 |
| Payments for investments | 578,662,796.46 | 397,009,568.49 |
| Net increase in pledged loans granted | ||
| Net payments for the acquisition of subsidiaries and other business units | 96,500,200.00 | |
| Cash used in other investing activities | 299,864,897.73 | 339,063,661.31 |
| Subtotal of cash used in investing activities | 4,120,682,848.84 | 3,953,758,156.72 |
| Net cash generated from/used in investing activities | -685,794,441.65 | -2,053,591,456.11 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 76,748,000.00 | 101,867,396.60 |
| Including: Capital contributions by non-controlling interests to | 76,748,000.00 | 101,867,396.60 |
subsidiaries
| subsidiaries | ||
| Borrowings received | 17,289,669,687.55 | 17,581,759,690.86 |
| Cash generated from other financing activities | 299,933,896.84 | 806,757,381.62 |
| Subtotal of cash generated from financing activities | 17,666,351,584.39 | 18,490,384,469.08 |
| Repayment of borrowings | 16,092,793,775.72 | 11,785,342,761.93 |
| Interest and dividends paid | 833,208,967.32 | 812,169,473.64 |
| Including: Dividends paid by subsidiaries to non-controlling interests | 28,420,000.00 | 7,497,000.00 |
| Cash used in other financing activities | 695,068,775.31 | 680,675,618.15 |
| Subtotal of cash used in financing activities | 17,621,071,518.35 | 13,278,187,853.72 |
| Net cash generated from/used in financing activities | 45,280,066.04 | 5,212,196,615.36 |
| 4. Effect of foreign exchange rates changes on cash and cash equivalents | 61,441,973.08 | -5,440,009.98 |
| 5. Net increase in cash and cash equivalents | -646,668,753.71 | 1,710,930,766.18 |
| Add: Cash and cash equivalents, beginning of the period | 5,968,347,219.03 | 4,298,056,113.24 |
| 6. Cash and cash equivalents, end of the period | 5,321,678,465.32 | 6,008,986,879.42 |
(II) Independent Auditor’s ReportIndicate by tick mark whether the financial statements above have been audited by an independentauditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
The Board of DirectorsKonka Group Co., Ltd27 October 2022