HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for
The Third Quarter 2022
The Company and whole members of the Board of Directors guarantee that the information disclosedis factual, accurate and complete, and there is no false record, misleading statement or materialomission.
Important content reminder:
1.The Board of Directors, the Board of Supervisors as well as all the directors, supervisors and senior
managers of HARBIN BOSHI AUTOMATION CO., LTD. (hereinafter referred to as “the Company”)warrant the factuality, accuracy and completeness of this Report and there is no false record,misleading statement or material omission. And they will be severally and jointly liable for this Report.
2.The person in charge of the Company, the person in charge of accounting work of the Company, and
the person in charge of accounting department of the Company warrant that the financial informationin this Report is factual, accurate and complete.
3. Whether this Third Interim Report has been audited by auditing firm or not?
□Yes √No
I. Main financial data
1. Main accounting data and financial indicators
Indicate by check mark if there is any retrospectively restated accounting data of previous years.
□Yes √No
Current period
Increase/decrease in theperiod compared with thesame period of the previous
year
Year-begin to period-end
Increase/decrease fromyear-begin to period-endcompared with the same period
of the previous yearOperating Revenue (RMB) 698,826,750.82 28.00%1,726,933,928.75 3.94%Net profit attributable to parentcompany’s shareholders(RMB)
163,254,718.26 20.80%427,635,504.26 1.38%Net profit after deductingnon-recurringprofit or loss attributable toshareholders of the parentcompany (RMB)
157,612,508.17 17.73%404,817,525.21 0.30%Net cash flow from operatingactivities (RMB)
—— ——237,352,418.49 -22.34%Basic earnings per share(RMB /share)
0.1597 20.80%0.4182 1.38%Diluted earnings per share(RMB /share)
0.1597 20.80%0.4182 1.38%Weighted average return onequity
5.42% 0.45%14.06% -1.48%
End of the current reporting
period
End of previous year
Increase/decrease at the period-end compared with the end of
the previous yearTotal assets (RMB)5,979,700,039.65 4,901,945,419.8221.99%Total equity attributable toshareholders of the parentcompany (RMB)
3,140,195,710.44 2,879,793,106.399.04%
In the first three quarters of 2022, the Company achieved the operating revenue of RMB 1.727 billion, andnet profit attributable to parent company’s shareholders of RMB 428 million. The negative impacts causedby staged silent period and strict epidemic control measures in the first half of the year are completelyeliminated, and the Company achieved a recovery growth year-on-year.
From the third quarter of 2022 reporting period single quarterly indicators, the Company achieved best
performance in history with the operating revenue of RMB 699 million, net profit attributable to parentcompany’s shareholders of RMB 163 million, year-on-year growth of 28% and 20.8% respectively, rapidgrowth of 33.41% and 46.79% compared with 2022 Q2 respectively.
Facing the current complicated international geopolitical and economic situation, as well as the opportunitiesand challenges brought by the dual-circulating domestic economic, the Company has made concerted effortsto achieve the sustainable and healthy development of intelligent manufacturing equipment, industrialservices, energy conservation, emission reduction and environmental protection business.
2. Non-recurring gains and losses
√ Applicable □Not applicable
Unit: RMB
Item Amount for the period
Amount from year-begin to
period-end
NoteProfit or loss from disposal of non-current assets (including thewrite-off of accrued for impairment of assets)
-102,796.76-192,123.85Governmental subsidy reckoned into current gains or losses (excludingthe subsidy enjoyed in quota or ration according to the national policyregulations and certain standards, which are closely relevant toenterprise’s business)
4,983,794.0014,115,435.76Except for effectively hedging business related to normal businessoperations of the Company, profit or loss arising from the changes inthe fair value of financial assets held for trading, financial liabilitiesheld for trading, as well as investment income from the disposal offinancial assets held for trading, financial liabilities held for trading,and investments in other debt obligations
4,055,275.8314,904,638.25
Income from cashmanagement
Reversal of provision for impairment of receivables that have beenindividually tested for impairment
4,500.01Other non-operating income and expenses other than the above -1,894,486.41-1,929,488.54Other gain/loss items that qualified the definition of non-recurringprofit (gains)/losses
23,690.4157,270.30Less: Impact on income tax 1,025,984.283,597,301.51
Impact on minority shareholders’ equity (after tax) 397,282.70544,951.37Total 5,642,210.0922,817,979.05 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
√Applicable □Not applicable
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses: Income fromtreasury reverse repos (cash management).
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on InformationDisclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined asrecurring gain/loss.
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 onInformation Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”defined as recurring gain/loss.
3. Particulars about changes in items of main accounting data and financial index and explanations of
reasons.
√ Applicable □Not applicable
Consolidated Balance Sheet items
Sep 30,2022 Dec 31,2021
Change Reasons for the changes(RMB) (RMB)Cash and cash equivalent 917,149,811.15 293,516,532.24 212.47%
Due to the joint effect of funds raised byconvertible corporate bonds and increase inending balance of bank deposits.Financial assets held for trading 590,442,973.83 845,595,470.49 -30.17%
Mainly due to the impact on cash managementactivities.Notes receivable 323,328,659.71 229,646,179.07 40.79%
The amount of the Company’s sales receiptssettled by means of bills increased.Accounts receivable 911,932,679.45 686,517,240.24 32.83%
Affected by the joint effect of operating revenuegrowth and the settlement progress of individualprojects.Advance payment 192,439,803.31 122,894,199.23 56.59%
Due to growth in orders and operationalprepayment.Other receivables 25,836,557.08 15,263,337.81 69.27%
Increase in bid bond and performance bond of theCompany, as well as dividends receivable frominvested enterprises.Contract assets 126,938,252.65 65,959,231.77 92.45%
Due to the increase in product warranty comparedwith which of the beginning balance.Other current assets 181,522,145.48 102,006,478.67 77.95%
Mainly due to the impact on cash managementactivities.Construction in progress 12,022,916.05 100.00%Capital construction investment.Right-of-use assets 2,857,615.35 1,536,107.89 86.03%Due to the increase in factory lease of subsidiary
during this period.Other non-current assets 7,521,234.48 16,767,197.42 -55.14%
Due to the decrease in long-term product warranty
receivable under this reporting item.Short-term loans 33,830,000.00 25,130,000.00 34.62%
Transfer from discounted bank acceptance is notterminated for confirmation.Employee benefits payable 24,385,334.55 55,640,882.93 -56.17%
The year-end bonus of 2021 accrued at the end ofthe previous period, which was paid in Jan, 2022,and the balance decreased.Taxes payable 71,974,990.62 50,017,507.87 43.90%
Due to the increase in income tax and turnover taxaccrued at the end of this period.Other payables 6,639,777.52 1,310,296.34 406.74%
Mainly due to the construction bid bond paid bythe construction side and the outstandingpayables.Non-current liabilities due within one year 1,907,949.58 15,584,251.66 -87.76%
Due to the subsidiary Boao Environment
ay backthe bank loan.Bonds payable 411,716,965.47 100.00%
Due to the issuance of convertible corporatebonds during this period.Long-term payables 6,000,000.00 -100.00%
Due to special payables of projects transferred toother income.Deferred income 5,736,334.30 8,369,857.05 -31.46%
Due to government subsidies transferred to otherincome.Other equity instruments 32,103,507.97 100.00%
The confirmation of equity part of convertiblecorporate bonds during this period.Capital reserve 224,174,669.75168,298,491.29 33.20%
The joint venture increases the capital reserve dueto the premium contribution of other shareholders,and the Company recognizes the capital reserveaccording to the shareholding ratio.Consolidated Income Statement items fromthe beginning of the year to the end of the
reporting period
Jan 1 to Sep 30,2022Jan 1 to Sep 30, 2021
Change Reasons for the changes(RMB) (RMB)Research and development expenses 71,501,574.87 51,507,679.80 38.82% Increases in R&D investmentFinancial expenses -7,885,743.35 -1,521,198.90 -418.39%
Due to the increase in interest income of bankdeposits during this period.Investment income (loss is stated with “-”) 17,164,499.25 24,903,387.39 -31.08% Due to the impact on cash management activities.Asset impairment losses (loss is stated with“-”)
-7,020,613.46 -2,680,549.74 161.91%
Due to the impact on the provision for inventoriesaccrued.Credit impairment losses (loss is statedwith “-”)
-4,691,571.35 2,324,765.40 301.81%
Due to the impact on the provision for bad debtsaccrued.Gains from changes in fair value (loss is1,727,503.34 -2,435,123.04 170.94% Due to the impact on cash management activities.
stated with “-”)Gains from disposal of assets (loss is statedwith “-”)
-124,736.92 -1,759,248.12 92.91%
More losses in the disposal of fixed assets duringbase period.Minority interests 11,620,450.35 21,774,070.89 -46.63%
The net profit of the holding subsidiary decreasedyear-on-year, and the proportion of interestsshared by the minority shareholders of thesubsidiary decreased.Consolidated Cash Flow Statement itemsfrom the beginning of the year to the end of
the reporting period
Jan 1 to Sep 30,2022Jan 1 to Sep 30, 2021
Change Reasons for the changes(RMB) (RMB)Net cash flows from operating activities237,352,418.49 305,622,917.96 -22.34%
The cash outflows from cash paid to employeesand tax payments increased year-on-year.Net cash flows from investing activities 205,055,247.99 361,772,969.79 -43.32%
Mainly due to the impact on cash managementactivities.Net cash flows from financing activities 179,170,076.14 -223,281,375.29 180.24%
Due to funds raised by convertible corporatebonds.
II. Shareholders Information
1. Total number of common shareholders and preference shareholders with voting rights recovered
and top ten common shareholders
Unit: Share
Total number of shareholders of commonstocks at the end of the reporting period
18,182Total preference shareholders withvoting rights recovered at end ofreporting period
Top 10 shareholdersName Nature OwnershipAmount of shares held
Amount ofrestrictedshares held
Pledged or frozenstocksStatusAmountUnicom Kaixing Equity InvestmentManagement (Zhuhai Hengqin) Limited -Lianchuang Weilai (Wuhan) IntelligentManufacturing Industrial InvestmentPartnership (Limited Partnership)
Others 17.11%175,007,500
Deng Xijun Domestic natural person 9.41%96,181,562 72,136,172Zhang Yuchun Domestic natural person 8.09%82,696,357 62,022,268Wang Chungang Domestic natural person 5.61%57,394,047 43,045,535Harbin Institute of Technology AssetInvestment Management Co. Ltd
Domestic state-ownedcorporate
5.00%51,127,500
Cai Zhihong Domestic natural person 4.96%50,677,029Cai Hegao Domestic natural person 4.89%50,000,000 37,500,000Bank of China Co., Ltd.-China MerchantRuiwen Hybrid Securities Investment Fund
Others 2.52%25,803,585Tan Jianxun Domestic natural person 1.45%14,847,133Cheng Fang Domestic natural person 1.43%14,609,308
Top 10 shareholders with unrestricted shares heldName Amount of unrestricted shares held
Type of sharesType AmountUnicom Kaixing Equity InvestmentManagement (Zhuhai Hengqin) Limited -Lianchuang Weilai (Wuhan) IntelligentManufacturing Industrial InvestmentPartnership (Limited Partnership)
175,007,500RMB ordinary shares 175,007,500
Harbin Institute of Technology AssetInvestment Management Co. Ltd
51,127,500RMB ordinary shares 51,127,500Cai Zhihong 50,677,029RMB ordinary shares 50,677,029Bank of China Co., Ltd.-China MerchantRuiwen Hybrid Securities Investment Fund
25,803,585RMB ordinary shares 25,803,585Deng Xijun 24,045,390RMB ordinary shares 24,045,390Zhang Yuchun 20,674,089RMB ordinary shares 20,674,089Tan Jianxun 14,847,133RMB ordinary shares 14,847,133Cheng Fang 14,609,308RMB ordinary shares 14,609,308Wang Chungang 14,348,512RMB ordinary shares 14,348,512Cai Hegao 12,500,000RMB ordinary shares 12,500,000
Explanation on the above-mentionedshareholders’ affiliated relationship orconcerted action
Deng Xijun, Zhang Yuchun, Wang Chungang, and Cai Hegao keep concerted action through theConcerted Action Agreement and jointly control the Company at the end of the reporting period; CaiZhihong is the son of Cai Hegao, he independently exercised shareholder rights based on his personalwishes, he has not signed concerted action agreement or reached a similar agreement or arrangement withCai Hegao, nor has other concerted action plan, they are not persons acting in concert; Cheng Fang andTan Jianxun are the sponsors of shareholders. Cheng Fang is the sister of Wang Chungang’s wife. Inaddition, the Company is not made aware whether there is any affiliated relationship between theabove-mentioned shareholders or whether they are persons acting in concert as defined in
dministrativeMeasures for the Acquisition of Listed Companies.Explanation on top 10 shareholders that areengaged in margin trading business
Not applicable
2.The total number of preferred shareholders and the top 10 preferred shareholders’ shareholdings of
the Company
□Applicable √Not applicable
III. Other Significant Events
√Applicable □Not applicable
Regarding the Company proposes to issue public convertible corporate bonds:
The Company held the fourteenth meeting of the fourth Board of Directors and the eleventh meeting of thefourth Board of Supervisors on April 13
th, 2022, as well as the 2021 Annual General Meeting on May 6
th,2022. The meeting above reviewed and approved Proposal on the Company’s Public Offering of ConvertibleCorporate Bonds. The total amount of funds raised by the proposed public issuance of convertible corporatebonds shall not exceed RMB 450 million.
On September 8
th
, 2022, the Company obtained the Approval on Harbin Boshi Automation Co., Ltd. PublicOffering of Convertible Corporate Bonds (CSRC Permission [2022] No.2035) issued by China SecuritiesRegulatory Commission. The public issuance of convertible corporate bonds completed in September 2022.The funds raised by convertible corporate bonds received on September 28
th, 2022. The Company willcomplete the listing of convertible corporate bonds issued in Shenzhen Stock Exchange as soon as possible.The specific listing time will be announced until further notice.
IV. Quarterly Financial Statements
1. Financial statements
(1)Consolidated Balance Sheet
Prepared by HARBIN BOSHI AUTOMATION CO., LTD.
Sep 30, 2022 Unit: RMB
Item Sep 30,2022 Jan 1, 2022Current assets:
Cash and cash equivalent 917,149,811.15293,516,532.24Financial assets held for trading 590,442,973.83845,595,470.49Derivative financial assetsNotes receivable 323,328,659.71229,646,179.07Accounts receivable 911,932,679.45686,517,240.24Financing receivable 80,108,774.9979,149,044.16Advance payment 192,439,803.31122,894,199.23Other receivables 25,836,557.0815,263,337.81Thereof: Interest receivable
Dividend receivable 2,601,281.28Inventories 1,779,356,705.031,634,635,126.78Contract assets 126,938,252.6565,959,231.77Assets held for saleNon-current assets due within one yearOther current assets 181,522,145.48102,006,478.67Total current assets5,129,056,362.684,075,182,840.46Non-current assets:
Debt investmentsOther debt investmentsLong-term receivableLong-term equity investment 396,554,575.92368,931,927.57Investment in other equity instruments 54,843,027.5654,843,027.56Other non-current financial assetsInvestment real estate 6,471,345.226,765,974.62Fixed assets 212,890,171.40227,527,890.89
Construction in progress 12,022,916.05Productive biological assetsOil and gas assetsRight-of-use assets 2,857,615.351,536,107.89Intangible assets 63,390,603.1659,203,985.82Development expenditureGoodwill 55,836,188.1457,640,668.16Long-term deferred expensesDeferred income tax assets 38,255,999.6933,545,799.43Other non-current assets 7,521,234.4816,767,197.42Total non-current assets850,643,676.97826,762,579.36Total assets5,979,700,039.654,901,945,419.82Current liabilities:
Short-term loans 33,830,000.0025,130,000.00Financial liabilities held for tradingDerivative financial liabilitiesNotes payableAccounts payable 211,036,008.87169,654,369.55Advance from customers 193,500.0093,199.97Contract liabilities 1,495,758,953.781,183,763,174.21Employee benefits payable 24,385,334.5555,640,882.93Taxes payable 71,974,990.6250,017,507.87Other payables 6,639,777.521,310,296.34Thereof: Interest payable 33,287.67
Dividend payableLiabilities held for saleNon-current liabilities due within one year 1,907,949.5815,584,251.66Other current liabilities 106,810,175.1187,335,615.64Total current liabilities1,952,536,690.031,588,529,298.17Non-current liabilities:
Long-term loansBonds payable 411,716,965.47Thereof: Preferred stock
Perpetual debtLease liabilities 209,114.67364,078.19
Long-term payables 6,000,000.00Long-term employee benefits payableEstimated liabilities 4,506,743.154,202,180.70Deferred income 5,736,334.308,369,857.05Deferred income tax liability 13,422,488.1613,350,055.20Other non-current liabilities 272,941,371.72233,253,274.34Total non-current liabilities708,533,017.47265,539,445.48Total Liabilities2,661,069,707.501,854,068,743.65Shareholders' equity:
Share capital 1,022,550,000.001,022,550,000.00Other equity instruments 32,103,507.97Thereof: Preferred stock
Perpetual debtCapital reserve 224,174,669.75168,298,491.29Minus: treasury sharesOther comprehensive income 13,067,558.1415,452,263.61Special reserve 28,950,890.5226,141,271.69Surplus reserve 255,493,157.09255,493,157.09General risk reserveRetained earnings 1,563,855,926.971,391,857,922.71Total equity attributable to shareholders of parentcompany
3,140,195,710.442,879,793,106.39Minority shareholder equity 178,434,621.71168,083,569.78Total shareholders' equity3,318,630,332.153,047,876,676.17Total liabilities and shareholders' equity5,979,700,039.654,901,945,419.82
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
(2)Consolidated Income Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
1. Total revenue 1,726,933,928.751,661,519,194.12 Thereof : Operating revenue 1,726,933,928.75 1,661,519,194.12
2. Total cost 1,270,081,645.10 1,204,982,098.68
Thereof: Cost of sales 1,048,855,432.04 1,005,251,556.44 Taxes and surcharges 16,128,925.81 12,732,695.51 Selling expenses 59,998,665.66 59,626,869.86 General and administrative expenses 81,482,790.07 77,384,495.97 Research and development expenses 71,501,574.87 51,507,679.80 Financial expenses -7,885,743.35 -1,521,198.90 Thereof : Interest expenses 1,341,481.22 1,143,467.93 Interest income 8,892,090.20 2,818,266.92 Add: Other income 42,101,143.44 43,804,215.60 Investment income (loss is stated with “-”) 17,164,499.25 24,903,387.39Thereof: Investment income from associates and jointventures
3,930,094.04 4,210,508.93Gain from the derecognition of the financial assets measuredat amortized cost
Exchange income (Loss is listed with “-”)
Net exposure hedging gains ("-" for losses) Gains from changes in fair value (loss is stated with “-”) 1,727,503.34 -2,435,123.04 Credit impairment losses (loss is stated with “-”) -4,691,571.35 2,324,765.40 Asset impairment losses (loss is stated with “-”) -7,020,613.46 -2,680,549.74 Gains from disposal of assets (loss is stated with “-”) -124,736.92 -1,759,248.12
3. Operating profit (loss is stated with “-”) 506,008,507.95 520,694,542.93 Add: Non-operating income 10,002.70 1.66 Less: Non-operating expenses 2,006,878.17 2,494,819.53
4. Total profit (loss is stated with “-”) 504,011,632.48 518,199,725.06 Less: Income tax expenses 64,755,677.87 74,592,024.12
5. Net profit (loss is stated with “-”) 439,255,954.61 443,607,700.94
(1) Classified by continuity of operations
Net profit from continuing operations(loss is stated with “-”) 439,255,954.61 443,607,700.94Net profit from discontinued operations(loss is stated with “-”)
(2) Classified by ownership of the equity Attributable to shareholders of the Parent Company 427,635,504.26 421,833,630.05 Minority interests 11,620,450.35 21,774,070.89
6. Other comprehensive income, net of tax -4,264,112.53 -2,463,522.62Other comprehensive income attributable to shareholders of theParent Company, net of tax
-2,384,705.47 1,336,683.46
(1) Other comprehensive income items which will not be
5,292,000.00
reclassified subsequently to profit or loss
1) Changes arising from re-measurement of defined benefit
plan
2) Other comprehensive income that will not be transferred
subsequently to profit or loss under the equity method
3) Changes in the fair value of the investment in other
equity instruments
5,292,000.00
4)Changes in the fair value of the Company’s own credit
risk
5)Others
(2) Other comprehensive income items which will be reclassified
subsequently to profit or loss
-2,384,705.47 -3,955,316.54
1) Other comprehensive income that will be transferred
subsequently to profit or loss under the equity method
2)Changes in the fair value of other debt investments
3)Amount of financial assets reclassified and included in
other comprehensive income
4) Credit impairment reserves for other debt investment
5) Cash flow hedging reserve
6) Translation differences arising from translation of
foreign currency financial statements
-2,384,705.47 -3,955,316.54
7)OthersOther comprehensive income attributable to minority shareholders,net of tax
-1,879,407.06 -3,800,206.08
7. Total comprehensive income 434,991,842.08 441,144,178.32 Attributable to shareholders of the Parent Company 425,250,798.79 423,170,313.51 Minority interests 9,741,043.29 17,973,864.81
8. Earnings per share (1) Basic earnings per share 0.4182 0.4125 (2) Diluted earnings per share 0.4182 0.4125
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
(3)Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 1,692,515,714.32 1,577,357,927.97 Refund of taxes and surcharges 36,792,855.10 45,559,498.71 Other cash receipts relating to operating activities 19,721,312.99 10,575,863.14Sub-total of cash inflows from operating activities 1,749,029,882.41 1,633,493,289.82 Cash paid for goods and services 914,474,850.41 813,436,252.38 Cash paid to employees and paid on behalf of employees 331,300,462.24 288,936,672.13 Payments of taxes and surcharges 181,200,514.91 138,723,542.05 Other cash payments relating to operating activities 84,701,636.36 86,773,905.30Sub-total of cash outflows from operating activities 1,511,677,463.92 1,327,870,371.86Net cash flows from operating activities 237,352,418.49 305,622,917.96
2. Cash flows from investing activities Cash received from withdrawing investments 1,905,561,417.02 2,568,200,000.00 Cash received from investment income 27,498,794.20 20,692,878.46Net cash received from disposal of fixed assets, intangible assets andother long term assets
106,240.67 1,135,231.14Net cash received from disposal of subsidiaries and other operatingunits
Other cash receipts relating to investing activities 2,812,977.50Sub-total of cash inflows from investing activities 1,935,979,429.39 2,590,028,109.60Cash paid to acquire fixed assets, intangible assets and otherlong-term assets
27,164,181.40 13,088,120.24 Cash paid to acquire investments 1,703,760,000.00 2,214,140,000.00Net increase of mortgaged loans
Net cash paid to acquire subsidiaries and other operating units 1,027,019.57Other cash payments relating to investing activitiesSub-total of cash outflows from investing activities 1,730,924,181.40 2,228,255,139.81Net cash flows from investing activities 205,055,247.99 361,772,969.79
3. Cash flows from financing activitiesCash received from capital contributionsThereof: Cash received by subsidiaries from minority shareholders’capital contributions
Cash received from borrowings 481,760,000.00 15,000,000.00Other cash receipts from financing activitiesSub-total of cash inflows from financing activities 481,760,000.00 15,000,000.00 Cash repayments of borrowings 38,060,000.00 25,310,647.81Distribution of dividends or profits and payments for interestexpenses
256,475,456.09 212,961,736.65Thereof: Cash payments for dividends or profit to minorityshareholders by subsidiaries
7,350,000.00 Other cash payments relating to financing activities 8,054,467.77 8,990.83Sub-total of cash outflows from financing activities 302,589,923.86 238,281,375.29Net cash flows from financing activities 179,170,076.14 -223,281,375.29
4. Effect of foreign exchange rate changes on cash and cash equivalents 2,287,555.38 -3,076,526.80
5. Net increase in cash and cash equivalents 623,865,298.00 441,037,985.66 Add: Cash and cash equivalents at the beginning of period 290,330,558.56 113,464,591.58
6. Cash and cash equivalents at the end of period 914,195,856.56 554,502,577.24
2. Auditor’s report
Whether this Third Interim Report has been audited by auditing firm or not?
□Yes √No
TheThird Interim Report has not been audited by auditing firm.
Board of DirectorsHARBIN BOSHI AUTOMATION CO., LTD.
October 29
th, 2022